BlackRock Tactical Opportunities Fund Class K Shares (PBAKX)

NASDAQ · Mutual Fund · Delayed Price · Currency is USD
15.63
-0.01 (-0.06%)
Jul 31, 2025, 4:00 PM EDT
-0.06%
Fund Assets3.13B
Expense Ratio0.69%
Min. Investment$5,000,000
Turnover108.00%
Dividend (ttm)0.89
Dividend Yield5.97%
Dividend Growthn/a
Payout Frequencyn/a
Ex-Dividend Daten/a
Previous Close15.64
YTD Return5.18%
1-Year Return11.09%
5-Year Return34.48%
52-Week Low13.46
52-Week High15.82
Beta (5Y)n/a
Holdings1651
Inception DateAug 1, 2016

About PBAKX

BlackRock Tactical Opportunities Fund Class K is a macro trading mutual fund designed to seek total return through a diversified, tactical asset allocation approach. Managed by a team specializing in global tactical asset allocation, the fund utilizes a blend of systematic and discretionary investment processes, aiming to dynamically allocate among global equities, fixed income, derivatives, and cash equivalents. With a focus on both traditional and nontraditional data, the fund seeks to capture opportunities across various market environments while maintaining a conservative risk profile and avoiding concentrated bets. Its portfolio typically includes significant exposures to government securities, such as Euro Bund futures and U.S. Treasury bills, alongside select positions in major technology companies and currency derivatives. The fund is characterized by low correlation and volatility relative to traditional asset classes, making it a potential diversifier within broader portfolios. Managed under the BlackRock umbrella, it serves institutional and retirement-oriented investors seeking adaptable strategies for navigating complex market cycles.

Fund Family BlackRock
Category Macro Trading
Stock Exchange NASDAQ
Ticker Symbol PBAKX
Index Bloomberg U.S. Treasury 1-3 Y TR

Performance

PBAKX had a total return of 11.09% in the past year, including dividends. Since the fund's inception, the average annual return has been 5.55%.

Top 10 Holdings

111.16% of assets
NameSymbolWeight
Ice: (Cdx.Na.Ig.44.V1)n/a39.03%
CAC 40 Index Future June 25CFM512.63%
CASH COLLATERAL USD JPFFTn/a10.60%
JPY/EUR Purchasedn/a9.37%
AUD/USD Purchasedn/a9.25%
Future on TOPIXn/a6.99%
United States Treasury BillsB.0 06.10.256.67%
S&P TSX 60 Index Future June 25n/a5.92%
CASH COLLATERAL USD XCITIn/a5.64%
JPY/USD Purchasedn/a5.08%

Dividend History

Ex-DividendAmountPay Date
Dec 20, 2023$0.88657Dec 21, 2023
Jul 20, 2023$0.70062Jul 21, 2023
Dec 19, 2022$0.5171Dec 20, 2022
Dec 23, 2020$0.39723Dec 24, 2020
Dec 23, 2019$0.47375Dec 24, 2019
Dec 21, 2018$1.4139Dec 24, 2018