BlackRock Tactical Opportunities K (PBAKX)

NASDAQ · Mutual Fund · Delayed Price · Currency is USD

17.60

-0.08 (-0.45%)

At close: Aug 25, 2026

9.66% (1Y)

Fund Assets	3.62B
Expense Ratio	0.63%
Min. Investment	$5,000,000
Turnover	108.00%
Dividend (ttm)	n/a
Dividend Yield	n/a
Dividend Growth	n/a
Payout Frequency	n/a
Ex-Dividend Date	n/a

Previous Close	17.68
YTD Return	11.55%
1-Year Return	10.16%
5-Year Return	47.80%
52-Week Low	15.64
52-Week High	17.73
Beta (5Y)	0.12
Holdings	1263
Inception Date	Aug 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

Performance Rating High

Risk Rating Average

Stock Exchange NASDAQ

Ticker Symbol PBAKX

Index Bloomberg U.S. Treasury 1-3 Y TR

Performance

PBAKX had a total return of 10.16% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.27%.

Top 10 Holdings

262.47% of assets

Name	Symbol	Weight
Cash Offset	n/a	127.64%
Long Gilt Sep 26	n/a	31.70%
10 Year Australian Treasury Bond Future Sept 26	n/a	30.16%
Euro Bund Future Sept 26	RXU6	18.20%
Ice: (Cdx.Na.Ig.46.V1)	n/a	10.57%
CASH COLLATERAL USD JPFFT	n/a	9.75%
Long-Term Euro BTP Future Sept 26	IKU6	9.64%
Ibex 35 Index Jul 26	IBN6	9.45%
Future on TOPIX	n/a	9.20%
Ftse 100 Index Sep 26	Z.U6	6.17%

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