BlackRock Tactical Opportunities Instl

Frequently Asked Questions About PBAIX

What does PBAIX invest in?

The advisor uses a macro asset allocation strategy, investing varying percentages of its portfolio in global stocks, bonds, money market instruments, foreign currencies and cash. The advisor has wide flexibility in the relative weightings given to each category. With respect to its equity investments, the fund may invest in individual equity securities to an unlimited extent. It may invest in common stock, preferred stock, securities convertible into common stock, non-convertible preferred stock and depositary receipts.

What is the expense ratio of PBAIX?

BlackRock Tactical Opportunities Instl (PBAIX) charges an expense ratio of 0.77%. This is the annual fee deducted from fund assets to cover management and operations.

How big is PBAIX?

BlackRock Tactical Opportunities Instl (PBAIX) manages $5.82B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is PBAIX actively managed or an index fund?

PBAIX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was PBAIX launched?

BlackRock Tactical Opportunities Instl (PBAIX) launched in June 1993 and is managed by BlackRock / iShares.

How has PBAIX performed?

PBAIX's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.