PBAIX Performance — BlackRock Tactical Opportunities Fund, Institutional Class
Data updated: 2026-09-25
PBAIX returned +10.63% year to date and +12.12% over one year to Jul 2026. Annualised returns are +9.50% over 3 years and +7.85% over 5 years. The fund trailed its US Large Blend category average: $100 invested three years ago grew to $131, against $153 for the category, and to $112 over one year, against $116. Volatility over the past three years was 4.99% a year. In the 12 months to Jul 2026 the fund took in a net $2.2B, and assets reached $6.01B.
PBAIX Growth of $100
What $100 invested in BlackRock Tactical Opportunities Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Large Blend category average over the same months.
| Period | PBAIX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $112 | $116 |
| 3 years (Aug 2023 – Jul 2026) | $131 | $153 |
| 5 years (Aug 2021 – Jul 2026) | $146 | $159 |
| Since data start (Jul 2019 – Jul 2026) | $157 | $229 |
PBAIX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +10.63% |
| 1 year | +12.12% |
| 3 years (annualised) | +9.50% |
| 5 years (annualised) | +7.85% |
PBAIX Annual Returns
Calendar-year total returns of BlackRock Tactical Opportunities Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +10.63% |
| 2025 | +6.46% |
| 2024 | +11.74% |
| 2023 | +2.98% |
| 2022 | +6.14% |
| 2021 | +0.50% |
| 2020 | +6.90% |
| 2019 (Jul–Dec) | +1.36% |
PBAIX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +0.7% | +0.7% | +2.1% | +4.4% | +1.5% | −0.3% | +1.2% | — | — | — | — | — |
| 2025 | +1.3% | +0.1% | −0.9% | −0.3% | +2.4% | +1.1% | +1.1% | +2.6% | −0.1% | −1.8% | −0.5% | +1.2% |
| 2024 | +3.2% | +2.3% | +1.4% | −0.2% | +0.4% | +0.1% | −1.5% | +1.1% | −0.2% | +1.5% | +3.5% | −0.3% |
| 2023 | −1.5% | +1.1% | −0.9% | +1.3% | +0.4% | +1.9% | +1.0% | +0.1% | +1.8% | −0.6% | +0.5% | −2.0% |
| 2022 | −0.1% | −2.0% | +0.8% | +1.2% | 0.0% | −1.9% | −0.6% | +2.8% | +0.1% | +1.6% | +1.3% | +2.9% |
| 2021 | −0.7% | −1.9% | +1.5% | +1.4% | +1.0% | −1.3% | −0.9% | +0.8% | +2.1% | −4.6% | +0.8% | +2.5% |
| 2020 | +1.2% | −1.0% | −0.2% | +1.1% | +2.3% | −0.2% | +0.1% | +0.2% | −0.9% | +0.9% | +3.0% | +0.3% |
| 2019 | — | — | — | — | — | — | −0.2% | −1.8% | +1.6% | +2.0% | +0.3% | −0.4% |
PBAIX Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 4.99%
- 3-year Sharpe ratio: 1.00 (vs 4.5% risk-free rate)
- Best month: +4.40% (Apr 2026)
- Worst month: −1.97% (Dec 2023)
PBAIX Fund Flows
Monthly money in and out of BlackRock Tactical Opportunities Fund, from SEC Form N-PORT.
- 12-month net flow: $2.2B
- 12-month gross sales (incl. reinvestments): $3.4B
- Sales ÷ redemptions: 2.89×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $314.6M | $158.7M | $155.9M |
| Jun 2026 | $426.8M | $166.6M | $260.2M |
| May 2026 | $564.9M | $188.7M | $376.3M |
| Apr 2026 | $546.9M | $132.1M | $414.8M |
| Mar 2026 | $198.3M | $104.5M | $93.8M |
| Feb 2026 | $152.4M | $63.6M | $88.8M |
| Jan 2026 | $216.9M | $72.6M | $144.3M |
| Dec 2025 | $152.3M | $84.1M | $68.2M |
| Nov 2025 | $193.7M | $43.6M | $150.1M |
| Oct 2025 | $246.9M | $44.3M | $202.5M |
| Sep 2025 | $198.2M | $38.6M | $159.6M |
| Aug 2025 | $155.2M | $66.4M | $88.8M |
PBAIX Assets Under Management
Net assets of BlackRock Tactical Opportunities Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $6.01B |
| 2026-04-30 | $5.09B |
| 2026-01-31 | $4.17B |
| 2025-10-31 | $3.75B |
| 2025-07-31 | $3.29B |
| 2025-04-30 | $2.82B |
| 2025-01-31 | $2.34B |
| 2024-10-31 | $2.17B |
| 2024-07-31 | $1.95B |
| 2024-04-30 | $1.75B |
| 2024-01-31 | $1.56B |
| 2023-10-31 | $1.49B |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.