BlackRock Tactical Opportunities Fund (PCBAX)
The investment seeks total return. 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.
Fund Info
US0919278228
091927822
Dec 28, 1988
$1,000
Expense Ratio
PCBAX has a high expense ratio of 1.08%, indicating above-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in BlackRock Tactical Opportunities Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
BlackRock Tactical Opportunities Fund (PCBAX) returned 1.50% year-to-date (YTD) and 5.47% over the past 12 months. Over the past 10 years, PCBAX returned 2.52% annually, underperforming the S&P 500 benchmark at 10.43%.
PCBAX
1.50%
4.51%
3.49%
5.47%
4.42%
2.52%
^GSPC (Benchmark)
-3.70%
13.67%
-5.18%
9.18%
14.14%
10.43%
Monthly Returns
The table below presents the monthly returns of PCBAX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 1.30% | 0.14% | -0.88% | -0.34% | 1.30% | 1.50% | |||||||
| 2024 | 3.20% | 2.29% | 1.37% | -0.28% | 0.43% | 0.14% | -1.56% | 1.08% | -0.21% | 1.43% | 3.53% | -0.41% | 11.43% |
| 2023 | -1.47% | 0.93% | -0.92% | 1.28% | 0.35% | 1.96% | 0.99% | 0.07% | 1.78% | -0.63% | 0.42% | -2.02% | 2.68% |
| 2022 | -0.21% | -2.01% | 0.81% | 1.16% | -0.00% | -1.94% | -0.59% | 2.73% | 0.14% | 1.58% | 1.20% | -0.49% | 2.30% |
| 2021 | -0.65% | -1.96% | 1.40% | 1.46% | 0.93% | -1.28% | -0.86% | 0.80% | 2.02% | -4.59% | 0.82% | 2.42% | 0.29% |
| 2020 | 1.12% | -1.04% | -0.30% | 1.12% | 2.22% | -0.29% | 0.07% | 0.00% | -0.65% | 0.88% | 2.97% | 0.28% | 6.51% |
| 2019 | 2.28% | -1.01% | 0.15% | -0.36% | -1.82% | 0.96% | -0.22% | -1.84% | 1.58% | 1.92% | 0.29% | -0.43% | 1.40% |
| 2018 | 0.98% | 1.11% | 1.09% | 0.88% | 1.14% | -0.33% | 0.80% | -1.25% | 2.34% | -0.98% | -0.33% | -6.89% | -1.75% |
| 2017 | 1.42% | -1.47% | 0.22% | -0.37% | 3.74% | -1.30% | 0.36% | -0.80% | 3.15% | 2.28% | -0.28% | 0.65% | 7.71% |
| 2016 | -1.62% | -0.75% | 0.83% | -0.45% | 0.45% | -1.34% | 0.53% | 0.38% | -0.08% | 0.45% | 1.94% | -0.37% | -0.08% |
| 2015 | 0.49% | 3.60% | 0.33% | -0.87% | 0.94% | -1.86% | 0.20% | -3.18% | -1.33% | 2.55% | 0.48% | -3.38% | -2.23% |
| 2014 | -1.84% | 2.08% | 0.00% | -0.26% | 1.12% | 0.85% | -0.26% | 0.52% | -0.45% | -0.52% | 1.11% | -5.55% | -3.37% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of PCBAX is 68, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for BlackRock Tactical Opportunities Fund (PCBAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
BlackRock Tactical Opportunities Fund provided a 0.00% dividend yield over the last twelve months, with an annual payout of $0.00 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.00 | $0.00 | $1.53 | $0.00 | $0.00 | $0.34 | $0.41 | $0.51 | $0.11 | $0.19 | $0.47 | $0.31 |
Dividend yield | 0.00% | 0.00% | 11.64% | 0.00% | 0.00% | 2.44% | 3.07% | 3.74% | 0.80% | 1.41% | 3.45% | 2.13% |
Monthly Dividends
The table displays the monthly dividend distributions for BlackRock Tactical Opportunities Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.68 | $0.00 | $0.00 | $0.00 | $0.00 | $0.85 | $1.53 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.34 | $0.34 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.41 | $0.41 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.51 | $0.51 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.11 | $0.11 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.19 | $0.19 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.47 | $0.47 |
| 2014 | $0.31 | $0.31 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the BlackRock Tactical Opportunities Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the BlackRock Tactical Opportunities Fund was 45.02%, occurring on Mar 9, 2009. Recovery took 1045 trading sessions.
The current BlackRock Tactical Opportunities Fund drawdown is 0.87%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -45.02% | Oct 15, 2007 | 351 | Mar 9, 2009 | 1045 | May 3, 2013 | 1396 |
| -40.87% | Oct 8, 1997 | 239 | Sep 7, 1998 | 370 | Feb 8, 2000 | 609 |
| -40.84% | Mar 28, 2000 | 567 | Jul 5, 2002 | 387 | Jan 20, 2004 | 954 |
| -35.94% | Feb 3, 1994 | 211 | Nov 24, 1994 | 137 | Jun 5, 1995 | 348 |
| -35.18% | Jul 17, 1990 | 93 | Nov 22, 1990 | 104 | Apr 17, 1991 | 197 |
Volatility
Volatility Chart
The current BlackRock Tactical Opportunities Fund volatility is 2.47%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.