Multi Asset

PBAIX

Tactical Opportunities Fund

Overview

Loading

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.
8.06 2.49 4.27 3.59 7.88
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. 0.86 0.41 0.27 0.39 -
Morningstar Category Avg. (%) Tactical Allocation 12.63 4.22 5.36 3.78 -
Morningstar Ranking Rankings are based on total return excluding sales charges, independently calculated and not combined to create an overall ranking. 260/312 196/258 116/195 47/72 -
Morningstar Quartile Rankings based on total return excluding sales charges, independently calculated and not combined to create an overall ranking. 4 3 3 3 -
Lipper Category Avg. (%) Alt Global Macro Funds 10.09 3.18 3.05 3.00 -
Lipper Ranking Rankings are based on total return excluding sales charges. 175/285 157/256 60/213 23/66 -
Lipper Quartile Rankings are based on total return excluding sales charges. 3 3 2 2 -
  YTD 1m 3m 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.
8.06 0.65 2.78 8.06 7.65 23.25 42.23 803.57
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. 0.86 0.11 0.28 0.86 1.24 1.35 4.00 -
Morningstar Category Avg. (%) Tactical Allocation 12.63 0.81 3.54 12.63 13.20 29.80 44.88 -
Lipper Category Avg. (%) Alt Global Macro Funds 10.09 0.98 2.74 10.09 10.10 16.90 35.66 -


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.
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, and numbers may reflect small variances due to rounding. Standardized performance and performance data current to the most recent month end may be found in the Performance section.

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.

Performance chart data not available for display.
View full chart

Distributions

Interactive chart displaying fund performance. Javascript is required.

View full chart

Key Facts

Key Facts

Size of Class (Millions) as of Jan 22, 2018 $184.8 M
Size of Fund (Millions) as of Jan 22, 2018 $656.9 M
Share Class launch date Jun 01, 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 Dec 29, 2017 729
Max Offer Price as of Jan 22, 2018 $14.63
Open to New Investors Yes
Turnover Percent as of Dec 31, 2017 257%

Portfolio Characteristics

Portfolio Characteristics

R-Squared as of Dec 31, 2017 0.03
Average Market Cap (Millions) The average size of the securities the fund invests in. as of Dec 29, 2017 $127,587.1 M
Beta (3y) as of Dec 31, 2017 0.00
Best 3-Month Return Over the Last 3 Years 3 months ending Oct 31, 2017 4.70%
Worst 3-Month Return Over the Last 3 Years 3 months ending Aug 31, 2015 -4.77%
Standard Deviation (3y) as of Dec 31, 2017 0.00
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 Sep 30, 2017 out of 264, 4,225, 264, 145 and 264 Funds, respectively in Lipper's Alt Global Macro Funds classification.

Exposure Breakdowns

Exposure Breakdowns

as of Nov 30, 2017

% of Market Value

Type Long Short Net
as of Oct 31, 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
Managing Director, Head of Global Tactical Asset Allocation

  

Thomas Becker
Global Tactical Asset Allocation

    

Richard Murrall
Richard Murrall
Michael Pensky
Portfolio Manager and Researcher, Global Tactical Asset Allocation Team

   

Portfolio Manager

Literature

Literature

 

There are many ways to access BlackRock Funds, learn how you can add them to your portfolio