BlackRock Global Tactical Strategies Portfolio
Actively managed U.S. stock fund
As of its 2026 Q2 report, BlackRock Global Tactical Strategies Portfolio held 68 positions with $2.83B in net assets. Its ten largest holdings made up 94.3% of the fund. The fund costs 0.94% a year. Over the 12 months to May 2026, it returned 16.4%, with dividends reinvested. In 2026 Q2 it added 28 new positions and exited 28.
Seeks capital appreciation and current income.
The fund pursues capital appreciation and income through a diversified allocation across equities, fixed income, and real assets, implemented primarily via exchange-traded funds and index derivatives; the strategic mix targets 54% equities, 40% fixed income, and 6% real assets, with tactical adjustments made by subadviser BlackRock Financial Management in response to market conditions and volatility expectations. Commodity exposure within the real assets allocation is obtained through a wholly-owned Cayman Islands subsidiary rather than held directly by the fund. The fund employs an interest rate overlay using swaps and futures with notional value around 30% of net assets to provide diversification, though performance may suffer under certain market conditions if these instruments underperform. Because tactical adjustments can shift equity exposure within a 15% band around the strategic allocation and fixed income within a similar range, actual holdings will diverge from the stated strategic targets.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
iShares Core MSCI EAFE ETF | 27.06% | $764.65M | 7.9M | $96.58 |
Vanguard Total Bond Market ETF | 20.57% | $581.39M | 7.9M | $73.41 |
iShares Core U.S. Aggregate Bond ETF | 15.48% | $437.53M | 4.4M | $98.98 |
iShares Core S&P 500 ETF | 14.22% | $401.91M | 536.7K | $748.89 |
State Street Global Advisors | 7.75% | $219.06M | — | — |
State Street Technology Select Sector SPDR ETF | 3.84% | $108.52M | 569.6K | $190.52 |
iShares U.S. Real Estate ETF | 2.03% | $57.42M | 561.6K | $102.25 |
State Street Financial Select Sector SPDR ETF | 1.24% | $35.14M | 655.5K | $53.61 |
Citigroup Global Markets Inc | 1.06% | $30.00M | — | — |
State Street Consumer Discretionary Select Sector SPDR ETF | 1.01% | $28.62M | 244.1K | $117.28 |
Reported price is the fund's own reported value divided by its own reported shares at 2026-06-30 — not a live quote, and not what the fund paid.
All 68 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Stocks | 52.85% |
| Bonds | 27.38% |
| Cash & short-term | 14.09% |
| Securitized | 8.18% |
| Other | 0.45% |
| Derivatives | -1.45% |
Look-through blends 15 underlying funds; 0.0% of NAV was not looked through and stays direct-classified.
The outer band is exposure held short — written against the portfolio rather than part of it, which is why it sits outside the ring and why the two are never netted into one figure.
How it has done
C000100078 share class · total returns with dividends reinvested
Volatility over the last 12 months: 7.84%. Past returns are a record, not a forecast.
Jun 2026 has been filed since the trailing figures were struck, so it is not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
Fees & fund details
BlackRock Global Tactical Strategies Portfolio is an actively managed U.S. equity fund.
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Features
- Fund of funds
- Expense ratio, by class
- 0.94%
- Portfolio turnover
- 17.00% a year · as of 2026 Q2
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
28 new· the largest 8
28 exited· the largest 8
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-06-30
Based on what filers reported; a filer that never reported a flag also reads as none.
Risk profile
Interest-rate and credit-spread sensitivity, both in years · as of 2026Q2
This fund filed the credit-spread disclosure and reported no sensitivity — measured, and the answer is none.
Where the loss would come from. The two shocks are the same size, so this is the balance of the fund's two sensitivities rather than a bet on one moving more.
| Interest rates | 100% |
Filers report the impact of a 0.01% move only, so the total is our own scaling of that one number and overstates the loss on most bonds — read it as approximate, never as precise. The two sensitivities overlap rather than add up: they measure the same positions against different shocks, which is why the durations above are shown side by side and never summed.
Share of duration at each point, shortest first. A positive figure loses value when spreads widen; a negative one offsets — a credit hedge.
| 5 yr | 0.41 yr | 19% |
| 10 yr | 1.80 yr | 81% |
3 mo and 1 yr and 30 yr are NEGATIVE (-0.10 yr, -0.10 yr, -0.67 yr) — a deliberate hedge at that point on the curve, so they are not part of the band above.
Show the numbers
| Tenor | Rate yrs | IG yrs | HY yrs | IG $/bp | HY $/bp |
|---|---|---|---|---|---|
| 3 mo | -0.10 | +0.00 | +0.00 | $0 | $0 |
| 1 yr | -0.10 | +0.00 | +0.00 | $0 | $0 |
| 5 yr | +0.41 | +0.00 | +0.00 | $0 | $0 |
| 10 yr | +1.80 | +0.00 | +0.00 | $0 | $0 |
| 30 yr | -0.67 | +0.00 | +0.00 | $0 | $0 |
Dollar change per 1bp of spread movement, as filed and sign-anchored. A blank cell was not filed; a zero was.
Understand how this fund fits with the rest.
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