BlackRock Tactical Opportunities Inv A (PCBAX)
| Fund Assets | 3.62B |
| Expense Ratio | 1.09% |
| Min. Investment | $1,000 |
| Turnover | 108.00% |
| Dividend (ttm) | 0.85 |
| Dividend Yield | 5.49% |
| Dividend Growth | n/a |
| Payout Frequency | n/a |
| Ex-Dividend Date | n/a |
| Previous Close | 15.48 |
| YTD Return | 5.75% |
| 1-Year Return | 7.59% |
| 5-Year Return | 32.19% |
| 52-Week Low | 14.06 |
| 52-Week High | 15.80 |
| Beta (5Y) | n/a |
| Holdings | 1458 |
| Inception Date | Dec 29, 1988 |
About PCBAX
BlackRock Tactical Opportunities Fund Investor A is an actively managed mutual fund that seeks to maximize total return through a flexible, macro-driven asset allocation strategy. Its primary objective is to achieve total return by investing dynamically across a wide range of global asset classes, including equities, fixed income, money market instruments, and derivatives. The fund takes a diversified and opportunistic approach, allocating between domestic and foreign securities, with the ability to shift exposures significantly based on global economic trends and market conditions. A distinctive aspect of this fund is its blend of systematic (rule-based) and discretionary investment processes, allowing for quick adaptation in changing markets and an effort to maintain limited correlation with traditional equity and bond markets. Managed by a seasoned team, the fund is notable for avoiding large, concentrated bets and instead focuses on diversified macro positions that aim to generate returns regardless of market direction. With hundreds of holdings, it touches a variety of sectors, geographies, and instruments, making it an appealing component for investors seeking diversification and potential risk mitigation in their broader portfolios.
Performance
PCBAX had a total return of 7.59% in the past year, including dividends. Since the fund's inception, the average annual return has been 5.98%.
Top 10 Holdings
102.73% of assets| Name | Symbol | Weight |
|---|---|---|
| ICE: (CDX.NA.IG.44.V1) | n/a | 16.74% |
| Cash Offset | n/a | 15.70% |
| CASH COLLATERAL USD JPFFT | n/a | 9.85% |
| United States Treasury Bills | B.0 09.30.25 | 9.50% |
| United States Treasury Bills | B.0 09.02.25 | 9.50% |
| JPY/USD Purchased | n/a | 9.46% |
| JPY/EUR Purchased | n/a | 9.46% |
| Future on TOPIX | n/a | 9.10% |
| Ftse/Mib Index Sep 25 | STU5 | 8.34% |
| S&P TSX 60 Index Future Sept 25 | n/a | 5.08% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 20, 2023 | $0.84694 | Dec 21, 2023 |
| Jul 20, 2023 | $0.67987 | Jul 21, 2023 |
| Dec 19, 2022 | $0.47925 | Dec 20, 2022 |
| Dec 23, 2020 | $0.33849 | Dec 24, 2020 |
| Dec 23, 2019 | $0.41136 | Dec 24, 2019 |
| Dec 21, 2018 | $1.34638 | Dec 24, 2018 |