BlackRock Tactical Opportunities Fund Service Shares (PCBSX)

NASDAQ · Mutual Fund · Delayed Price · Currency is USD

17.93

-0.04 (-0.22%)

At close: Oct 14, 2026

Fund Assets	6.01B
Expense Ratio	0.975%
Min. Investment	$5,000
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	17.97
YTD Return	15.23%
1-Year Return	14.57%
5-Year Return	48.22%
52-Week Low	15.37
52-Week High	18.06
Beta (5Y)	0.13
Holdings	1325
Inception Date	Jan 28, 2005

About PCBSX

BlackRock Tactical Opportunities Fund Service Shares is a mutual fund designed to offer investors diversified exposure to a wide array of global asset classes using a macro investment strategy. Its primary purpose is to deliver growth with low correlation to traditional equity and bond markets, making it a compelling portfolio diversifier. The fund employs both discretionary and systematic techniques, seeking to tactically allocate assets across equities, fixed income, currencies, and derivatives. It notably makes use of long and short positions to navigate various market environments and capitalize on macroeconomic trends. Key features include a flexible, top-down investment approach and a focus on risk-managed, stable returns. The fund’s holdings are spread across prominent global companies, government securities, cash instruments, and currency futures, reflecting its multi-asset mandate. It is managed by BlackRock’s experienced investment team and is tailored for institutions and clients seeking an alternative to traditional investment strategies. The fund’s macro trading orientation, combined with its tactical asset allocation model, aims to generate consistent performance regardless of prevailing market cycles.

Fund Family BlackRock

Category Macro Trading

Performance Rating High

Risk Rating Below Average

Stock Exchange Nasdaq

Ticker Symbol PCBSX

Share Class Service

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

Performance

PCBSX had a total return of 14.57% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.49%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
PBAIX	Institutional	0.72%
PCBAX	Investor A	1.00%
BRBCX	Investor C	1.72%

Top 10 Holdings

231.99% of assets

Name	Symbol	Weight
Cash Offset	n/a	115.89%
Long Gilt Future Sept 26	n/a	30.85%
10 Year Australian Treasury Bond Future Sept 26	n/a	21.17%
Ice: (Cdx.Na.Ig.46.V1)	n/a	18.74%
Future on TOPIX	n/a	12.79%
CASH COLLATERAL USD JPFFT	n/a	8.88%
ICE: (CDX.NA.HY.46.V3)	n/a	6.89%
FSWP: GBP 4.412100 16-SEP-2031 SON	n/a	6.68%
FSWP: CNY 1.646000 16-SEP-2031 CNR	n/a	5.45%
FSWP: OIS 3.046250 16-SEP-2031 CAD Receive	n/a	4.66%

View More Holdings