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Multi Asset

PCBSX

Tactical Opportunities Fund

Overview

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Performance

Performance

  • Returns

  YTD 1m 3m 1y 3y 5y 10y
1.49 -0.41 1.79 1.49 14.17 13.11 57.99
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.

as of Dec 31, 2019

2.28 0.14 0.46 2.28 5.09 5.49 5.96
Morningstar Category Avg. (%) Multialternative

as of Dec 31, 2019

7.58 0.88 1.66 7.58 8.69 7.75 32.71
Lipper Category Avg. (%) Alt Global Macro Funds

as of Dec 31, 2019

13.47 2.05 3.88 13.47 18.04 18.38 58.79
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 Jan 17, 2020 $0.7 M
Size of Fund (Millions) as of Jan 17, 2020 $927.1 M
Share Class launch date Jan 28, 2005
Asset Class MultiAsset
Morningstar Category Multialternative
Lipper Classification Alt Global Macro Funds
Benchmark Index ICE BofAML 3 Month Treasury Bill Index (G0O1)
CUSIP 091927830
Number of Holdings as of Dec 31, 2019 856
Max Offer Price as of Jan 17, 2020 $13.72
Open to New Investors Yes
Turnover Percent as of Dec 31, 2019 288%

Portfolio Characteristics

Portfolio Characteristics

R-Squared as of Dec 31, 2019 0.09
Average Market Cap (Millions) The average size of the securities the fund invests in. as of Dec 31, 2019 $ 220,212.8 M
Beta (3y) as of Dec 31, 2019 0.00
Best 3-Month Return Over the Last 3 Years 3 months ending Oct 31, 2017 4.66%
Worst 3-Month Return Over the Last 3 Years 3 months ending Dec 31, 2018 -2.45%
Standard Deviation (3y) as of - -
This information must be preceded or accompanied by a current prospectus. For standardized performance, please see the Performance section above.

Ratings

Ratings

Morningstar Rating

5
Overall Morningstar Rating for Tactical Opportunities Fund, Service, as of Dec 31, 2019 rated against 237 Multialternative Funds based on risk adjusted total return.

Exposure Breakdowns

Exposure Breakdowns

as of Dec 31, 2019

% of Market Value

Type Long Short Net
Sorry, sectors are not available at this time.
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
Director, Global Tactical Asset Allocation

    

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

   

Portfolio Manager

Literature

Literature

 

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