BlackRock Global Tactical Strategies Portfolio
Data updated: 2026-08-27
C000100078 — BlackRock Global Tactical Strategies Portfolio. Holdings, fees, performance and SEC filings.
C000100078 Fund Overview
BlackRock Global Tactical Strategies Portfolio is a US mutual fund managed by Brighthouse Funds Trust I, categorised as United States Multi-Cap / All-Cap Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Brighthouse Funds Trust I
- Category: United States Multi-Cap / All-Cap Blend / Core Equity
- Assets under management: $2.83B
- 1-year return: 12.2%
- SEC CIK: 0001126087
- SEC series ID: S000032436
- Share class ID: C000100078
C000100078 Investment Objective and Strategy
BlackRock Global Tactical Strategies Portfolio describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Brighthouse Funds Trust I.
Investment objective
Seeks capital appreciation and current income.
Principal investment strategy
The Portfolios subadviser, BlackRock Financial Management, Inc. (BlackRock or Subadviser), will allocate the Portfolios assets in a broad range of asset classes, primarily through investment companies known as exchange-traded funds (the Underlying ETFs). The Portfolio can also invest in index derivative instruments, while maintaining a small amount of cash for the purpose of serving as collateral for such investments held by the Portfolio. Under normal conditions, BlackRock seeks to position the Portfolio for long-term capital appreciation by actively adjusting the asset allocation mix in response to prevailing market conditions. During periods of high volatility, BlackRock may adjust the Portfolios exposures, seeking to reduce Portfolio volatility. Volatility is a statistical measurement of the magnitude of up and down fluctuations in the value of a financial instrument or index over time.
High volatility may result from rapid and dramatic price swings. The Portfolio targets a volatility of 10% over a one-year period, but allows for expected volatility up to a maximum of 12% (excluding any contribution to volatility from exposure to Interest Rate Derivatives, defined below). While BlackRock attempts to manage the Portfolios volatility exposure to stabilize performance, there can be no guarantee that the Portfolio will achieve the targeted volatility or remain below its expected maximum volatility. Through investment in the Underlying ETFs, equity and fixed income futures, and other derivatives the Portfolio is expected to have a normal strategic portfolio allocation of 54% in equities, 40% in fixed income, and 6% in real assets (including through its wholly-owned subsidiary as discussed below), which is subject to tactical adjustments and adjustments based on expectations of volatility.
BlackRock will rely on a blend of both fundamental research and quantitative insights to determine potential opportunities and tactical reallocations that tilt the Portfolio away from the normal strategic allocation. The exposure to equities may range within 15% up or down from the long term strategic allocation in accordance with BlackRocks investment views and expectations, subject to maximum expected portfolio volatility of 12%. The Portfolios exposure to equities may include domestic equities and international equities, including up to 5% in emerging market equities. The exposure to fixed income may also range within 15% up or down from the normal strategic allocation, subject to maximum expected portfolio volatility of 12%. The Portfolios fixed income exposure will come primarily from the investment grade fixed income market, diversified across U.S.
dollar denominated government, corporate, and mortgage-backed securities. In addition, the Portfolio may invest up to 5% of total assets in any combination of emerging market debt and high yield debt (commonly referred to as junk bonds). In order to obtain exposure to real assets, which have a maximum combined allocation of 6%, the Portfolio may invest either in Underlying ETFs that in turn invest in real estate investment trusts (REITs), commodities and Treasury Inflation Protected Securities (TIPS) or in its wholly-owned subsidiary as discussed below that in turn invests in commodities. Under normal circumstances the combined investments in global equity securities, real assets (REITs, commodities and TIPS) and equity-sensitive securities (including emerging market debt and high yield debt) are limited to 80% of the Portfolios assets at market value at the time of investment.
During periods when BlackRock determines to make an allocation in the Portfolio that is less than the long term strategic portfolio allocations as described above, BlackRock may hold cash and cash equivalents. The underlying market exposures will be managed primarily through Underlying ETFs; index derivative instruments may also be used (for example, futures and options on securities indices). For more information about these derivative instruments in which the Portfolio may invest, please see Investment Strategies and Risks in the Statement of Additional Information. BlackRock will apply a systematic framework that may respond to periods of higher expected volatility by adjusting the Portfolios exposures to attempt to reduce the likelihood of exceeding the maximum expected portfolio volatility of 12%.
During periods of increasing expected volatility, the Portfolio may seek to reduce its market exposure by selling assets from Underlying ETFs and/or reducing exposure through equity and/or fixed income futures and other derivatives. When managing its market exposure in this regard, the Portfolio will seek to maintain an exposure to equities of at least 30% of the total portfolio which may cause the maximum expected portfolio volatility to exceed 12%. During periods of lower expected volatility, the Portfolio may increase its market exposure by purchasing ETFs and/or increasing exposure through equity and/or fixed income futures and other derivatives. While the Portfolio may invest substantially all of its assets in Underlying ETFs, equity and fixed income futures, and other derivatives, BlackRock expects to maintain sufficient cash to serve as collateral for the derivative investments it holds.
The Portfolio may allocate up to 6% of its total assets to its wholly-owned and controlled subsidiary, organized under the laws of the Cayman Islands as an exempted company (the Subsidiary) in order to gain exposure to the commodities markets within the limitations of the federal tax laws, rules and regulations that apply to regulated investment companies. BlackRock also manages the assets of the Subsidiary. Generally, the Subsidiary will invest primarily in commodity-linked derivatives and exchange-traded funds. Unlike the Portfolio, the Subsidiary may invest without limitation in commodity-linked derivatives. The Portfolio and the Subsidiary will be subject to the Portfolios fundamental investment restrictions and compliance policies and procedures on a consolidated basis. The Portfolio is the sole shareholder of the Subsidiary and does not expect shares of the Subsidiary to be offered or sold to other investors.
The Portfolio will also make use of an interest rate overlay that: (1) will use a combination of interest rate swaps, interest rate futures and/or total return swaps (Interest Rate Derivatives) and (2) will have a notional value (meaning the fixed face value, rather than the market value, of these instruments) equal to approximately 30% of the Portfolios net assets under normal market conditions. The percentage of the Portfolios net assets represented by Interest Rate Derivatives may change in different market environments, but is normally expected to stay within a range of 25% to 35% of net assets. BlackRock expects these instruments to provide additional diversification and balance the sources of risk in the Portfolio. Under certain market conditions, however, the investment performance of the Portfolio may be less favorable than it would be if the Portfolio did not use Interest Rate Derivatives.
BlackRock anticipates that under normal market conditions the Portfolios Interest Rate Derivatives will have a maturity of approximately 10 years.
C000100078 Holdings
Top 10 holdings of BlackRock Global Tactical Strategies Portfolio by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| iShares Core MSCI EAFE ETF | 27.06% |
| Vanguard Total Bond Market ETF | 20.57% |
| iShares Core U.S. Aggregate Bond ETF | 15.48% |
| iShares Core S&P 500 ETF | 14.22% |
| State Street Global Advisors | 7.75% |
| State Street Technology Select Sector SPDR ETF | 3.84% |
| iShares U.S. Real Estate ETF | 2.03% |
| State Street Financial Select Sector SPDR ETF | 1.24% |
| Citigroup Global Markets Inc | 1.06% |
| State Street Consumer Discretionary Select Sector SPDR ETF | 1.01% |
C000100078 Portfolio Allocation
Asset-class allocation of BlackRock Global Tactical Strategies Portfolio by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 89.6% |
| Cash & Equivalents | 13.1% |
C000100078 Performance
Total returns for C000100078 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 6.2% |
| 1 year | 12.2% |
| 3 years (annualised) | 9.5% |
| 5 years (annualised) | 3.5% |
C000100078 Risk Information
Risk metrics for C000100078, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 7.8%
C000100078 Costs and Fees
C000100078 costs about $94 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.94%
- Gross expense ratio: 1.00%
- Portfolio turnover: 17%
- Brokerage commissions: 0.64 bps of average net assets (SEC N-CEN)
C000100078 Cashflows
Over the 12 months to 2026-06, BlackRock Global Tactical Strategies Portfolio had net outflows of $303.39M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | $80.23M |
| 2026-05 | −$31.41M |
| 2026-04 | −$28.78M |
| 2026-03 | −$35.18M |
| 2026-02 | −$31.44M |
| 2026-01 | −$30.62M |
C000100078 Debt Constituents
No individual debt constituents are reported in BlackRock Global Tactical Strategies Portfolio's latest SEC N-PORT filing.
C000100078 Prospectus and SEC Filings
Official BlackRock Global Tactical Strategies Portfolio filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-04-24
- Prospectus (485BPOS) — filed 2025-04-25
- Prospectus (485BPOS) — filed 2024-04-25
- Portfolio holdings (N-PORT) — filed 2026-08-27
- Portfolio holdings (N-PORT) — filed 2026-05-28
- Portfolio holdings (N-PORT) — filed 2026-02-27
- Annual census (N-CEN) — filed 2026-03-11
- Annual census (N-CEN) — filed 2025-03-14
Related Funds
Other United States Multi-Cap / All-Cap Blend / Core Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.