Multi Asset

PBAKX

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.
4.79 4.24 2.75 7.09 7.49
Benchmark (%) Index: ICE BofAML 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. 1.87 1.02 0.63 0.38 -
Morningstar Category Avg. (%) Multialternative -3.23 2.66 1.37 4.56 -
Morningstar Ranking Rankings are based on total return excluding sales charges, independently calculated and not combined to create an overall ranking. 13/360 - - - -
Morningstar Quartile Rankings based on total return excluding sales charges, independently calculated and not combined to create an overall ranking. 1 1 1 1 -
Lipper Ranking Rankings are based on total return excluding sales charges. 5/260 - - - -
Lipper Quartile Rankings are based on total return excluding sales charges. 1 - - - -
  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.
4.79 -1.12 -2.34 4.79 13.26 14.53 98.37 773.18
Benchmark (%) Index: ICE BofAML 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. 1.87 0.18 0.56 1.87 3.08 3.17 3.81 -
Morningstar Category Avg. (%) Multialternative 2.50 2.50 0.50 -3.23 8.21 7.02 56.20 -
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. Effective as of May 31, 2018, the performance information for periods prior to the inception date of the share class shows the performance of the Fund’s Investor A Shares. The performance of this share class would be substantially similar to Investor A Shares because this share class and Investor A Shares invest in the same portfolio of securities and performance would only differ to the extent that this share class and Investor A Shares have different expenses. For performance periods prior to May 31, 2018, the performance information for periods prior to the inception date of the share class shows the performance of the Fund’s Investor A Shares, adjusted to reflect the fees and expenses applicable to such share class. See the fund prospectus for more details.

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 Feb 20, 2019 $234.9 M
Size of Fund (Millions) as of Feb 20, 2019 $730.7 M
Share Class launch date Aug 01, 2016
Asset Class MultiAsset
Morningstar Category Multialternative
Lipper Classification Alt Global Macro Funds
Benchmark Index ICE BofAML 3 Month Treasury Bill Index (G0O1)
CUSIP 09258N570
Number of Holdings as of Jan 31, 2019 729
Max Offer Price as of Feb 20, 2019 $13.82
Open to New Investors Yes
Turnover Percent as of Jan 31, 2019 265%

Ratings

Holdings

Holdings

as of Dec 31, 2018
Name Weight (%)
TRSWAP: FTF9 FUTURE 16-JAN-2019 7.36
TREASURY BOND 8.75 08/15/2020 6.28
TREASURY NOTE 3.625 02/15/2020 6.11
TREASURY NOTE 1.125 08/31/2021 5.78
TREASURY NOTE 2.75 08/15/2021 4.51
Name Weight (%)
TRSWAP: KMH9 FUTURE 14-MAR-2019 1.49
APPLE INC 1.43
AMAZON COM INC 0.92
UNITEDHEALTH GROUP INC 0.76
MICROSOFT CORP 0.75

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

 

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