Multi Asset

PBAIX

Tactical Opportunities Fund

Overview

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Performance

Performance

  • Returns

  1y 3y 5y 10y Incept. Performance data for certain classes of shares of certain funds are based on pre-class inception information dating back to an older class of fund shares. This information may be considered when assessing a fund's performance, but it does not represent actual performance of these classes of shares. The inception date noted under Key Fund Facts is the date the class of shares was incepted. See fund prospectus or fact sheet for details.
-0.71 1.61 5.49 4.08 7.87
Benchmark (%) Index: BofA ML 3 Month Treasury Bill Index (G0O1).<br /><br /> Index returns are for illustrative purposes only. Index performance returns do not reflect any management fees, transaction costs or expenses. Indexes are unmanaged and one cannot invest directly in an index. Past performance does not guarantee future results. 0.27 0.11 0.10 0.92 -
Morningstar Category Avg. (%) Tactical Allocation 5.82 2.27 5.00 3.51 -
Morningstar Ranking Rankings are based on total return excluding sales charges, independently calculated and not combined to create an overall ranking. 309/355 184/289 95/194 33/81 -
Morningstar Quartile Rankings based on total return excluding sales charges, independently calculated and not combined to create an overall ranking. 4 3 2 2 -
Lipper Category Avg. (%) Alt Global Macro Funds 5.31 1.31 3.80 3.56 -


The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted.

Growth of Hypothetical $10,000 The growth of hypothetical $10,000 chart reflects a hypothetical $10,000 investment and assumes reinvestment of dividends and capital gains. Fund expenses, including management fees and other expenses were deducted.

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Distributions

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Key Facts

Key Facts

Size of Class (Millions) as of 02-Dec-2016 $231.0 M
Size of Fund (Millions) as of 02-Dec-2016 $601.0 M
Share Class launch date 01-Jun-1993
Asset Class MultiAsset
Morningstar Category Tactical Allocation
Lipper Classification Alt Global Macro Funds
Benchmark Index BofA ML 3 Month Treasury Bill Index (G0O1)
CUSIP 091927848
Number of Holdings as of 31-Oct-2016 318
Net, Excluding Investment Related Expenses 0.81%
Gross Expense Ratio 0.92%
Max Offer Price as of 02-Dec-2016 $13.63
Open to New Investors Yes
Turnover Percent as of 30-Nov-2016 295%

Portfolio Characteristics

Portfolio Characteristics

R-Squared as of 31-Oct-2016 0.02
Average Market Cap (Millions) The average size of the securities the fund invests in. as of 31-Oct-2016 $72,905.7 M
Best 3-Month Return Over the Last 3 Years 3 months ending 31-Mar-2015 4.50%
Worst 3-Month Return Over the Last 3 Years 3 months ending 31-Aug-2015 -4.77%
This information must be preceded or accompanied by a current prospectus. For standardized performance, please see the Performance section above.

Ratings

Ratings

Lipper Leader

 
Overall Lipper Leaders ratings based on an equal-weighted average of percentile ranks for each measure over 3-, 5-, and 10-year periods (if applicable) and do not take into account the effects of sales charges for these categories (Consistent Return, Preservation, Total Return, Expense, and Tax Efficiency) as of 31-Oct-2016 out of 269, 4,040, 270, 137 and 270 Funds, respectively in Lipper's Alt Global Macro Funds classification.

Exposure Breakdowns

Exposure Breakdowns

as of 31-Oct-2016

% of Market Value

Type Long Short Net
as of 31-Oct-2016

Duration Contribution (Years)

Type Long Short Net
as of 31-Oct-2016

% of Market Value

Type Long Short Net
as of 31-Oct-2016

Duration Contribution (Years)

Type Long Short Net
Negative weightings may result from specific circumstances (including timing differences between trade and settle dates of securities purchased by the funds) and/or the use of certain financial instruments, including derivatives, which may be used to gain or reduce market exposure and/or risk management.

Allocations are subject to change.

Portfolio Managers

Portfolio Managers

Philip Green
Head of Global Tactical Asset Allocation

  

Thomas Becker
Global Tactical Asset Allocation
Michael Pensky
Portfolio Manager and Researcher, Global Tactical Asset Allocation Team
Portfolio Manager

Literature

Literature

 

How to Buy BlackRock Funds

How to Buy BlackRock Funds

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