Multi Asset

MALOX

Global Allocation Fund

Overview

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Performance

Performance

Growth of Hypothetical $10,000

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Distributions

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  1y 3y 5y 10y Incept.
12.62 0.39 7.57 4.80 9.08
Benchmark (%) 15.69 2.46 7.69 5.76 7.27
Morningstar Category Avg. (%) 10.72 2.67 6.09 4.02 -
Morningstar Ranking 154/391 305/378 71/354 71/254 -
Morningstar Quartile 2 4 1 2 -
Lipper Category Avg. (%) 11.79 2.76 6.65 4.63 -
Lipper Ranking 167/453 340/417 119/378 100/243 -
Lipper Quartile 2 4 2 2 -
FTSE World Index 24.18 7.39 12.98 8.87 -
  YTD 1m 3m 1y 3y 5y 10y Incept.
12.62 4.51 9.93 12.62 1.17 44.04 59.84 1,974.55
Benchmark (%) 15.69 4.29 9.56 15.69 7.55 44.81 75.07 1,058.96
Morningstar Category Avg. (%) 10.72 4.11 8.07 10.72 8.24 34.42 48.27 -
Lipper Category Avg. (%) 11.79 4.21 8.15 11.79 8.77 38.92 59.35 -
FTSE World Index - 4.96 11.65 24.18 23.85 84.04 133.92 -
  2019 2020 2021 2022 2023
Total Return (%) 17.54 21.12 6.73 -15.83 12.62
Benchmark (%) 18.79 13.34 10.13 -15.59 15.69
Morningstar Category Avg. (%) 16.10 6.18 11.31 -12.34 10.72
FTSE World Index 27.74 16.33 20.95 -17.54 24.18

Performance is shown after deduction of ongoing charges. Any entry and exit charges are excluded from the calculation.

The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted.

An investment built for all generations

Explore how the Fund's diversified approach has grown a $10k investment since inception in 1989.
Systematic Multi-Strategy

Key Facts

Key Facts

Size of Class (Millions) as of Mar 18, 2024 $6,956.6 M
Size of Fund (Millions) $17,653.6 M
Share Class launch date Feb 03, 1989
Asset Class MultiAsset
Morningstar Category Global Allocation
Lipper Classification Flexible Portfolio Funds
Benchmark Index 36% S&P 500, 24% FTSE World (ex.US), 24% ICE BofA/ML Cur 5-yr US Treasury, 16% FTSE Non-USD WGBI
CUSIP 09251T509
Number of Issuers as of Feb 29, 2024 1,938
Distribution Frequency Semi-Annual
Max Offer Price as of Mar 18, 2024 $19.17
Open to New Investors Yes
Turnover Percent in the Annual Report 139%

Portfolio Characteristics

Portfolio Characteristics

P/E Ratio as of Feb 29, 2024 18.42
Average Market Cap (Millions) as of Feb 29, 2024 $ 497,470.4 M
Fund Sharpe Ratio (3y) as of Feb 29, 2024 -0.06
Benchmark Sharpe Ratio (3y) as of Feb 29, 2024 0.12
Fund Standard Deviation (3y) as of Feb 29, 2024 11.98
Benchmark Standard Deviation (3y) as of Feb 29, 2024 12.49
Effective Duration as of Feb 29, 2024 1.87 yrs
Effective Duration Fixed Income as of Feb 29, 2024 6.68 yrs
Effective Duration Fixed Income and Cash as of Feb 29, 2024 5.05 yrs
Best 3-Month Return Over the Last 3 Years 3 months ending Jan 31, 2024 11.46%
Worst 3-Month Return Over the Last 3 Years 3 months ending Jun 30, 2022 -10.22%
Secondary Benchmark Sharpe Ratio (3y) as of Feb 29, 2024 0.43
Secondary Benchmark Standard Deviation (3y) as of Feb 29, 2024 16.98
This information must be preceded or accompanied by a current prospectus. For standardized performance, please see the Performance section above.

ESG Integration

ESG Integration

ESG integration is the practice of incorporating financially material environmental, social and governance (ESG) data or information into the investment decision process with the objective of enhancing risk-adjusted returns of our clients’ portfolios. Unless otherwise stated in Fund documentation or included within the Fund's investment objective, inclusion of this statement does not imply that the Fund has an ESG-aligned investment objective or strategy, but rather describes how ESG data or information is considered as part of the overall investment process.

The Global Allocation Investment Team believes that a company's ability to manage material environmental, social and governance (ESG) issues may be relevant to the company's ability to sustain growth and generate value for shareholders over the long term, and thus ESG performance indicators are considered as part of the investment process. The team analyzes ESG data when conducting research and due diligence on new investments, and when monitoring existing investments within the portfolio. The team's ongoing monitoring of the portfolio involves regular portfolio risk reviews with the Risk and Quantitative Analysis group. These reviews include discussion, where appropriate, of the portfolio's exposure to material ESG risks, as well as exposure to sustainability-related business involvements, climate-related metrics, and other factors.

Fees

Fees

as of current prospectus
Gross Expense Ratio 0.88%
Net Expense Ratio 0.84%

Net Expense Ratio excluding Investment Related Expenses is 0.83%

  • Acquired Fund Fees and Expenses 0.01%
  • Interest expense 0.00%

Ratings

Ratings

Morningstar Rating

4 stars
Overall Morningstar Rating for Global Allocation Fund, Class Inst, as of Feb 29, 2024 rated against 360 Global Allocation Funds based on risk adjusted total return.

Lipper Leader

 
 
Overall Lipper Leaders ratings based on an equal-weighted average of percentile ranks for each measure over 3-, 5-, and 10-year periods (if applicable) and do not take into account the effects of sales charges for these categories (Consistent Return, Preservation, Total Return, Expense, and Tax Efficiency) as of Feb 29, 2024 out of 388, 4,486, 392, 210 and 392 Funds, respectively in Lipper's Flexible Portfolio Funds classification.

Morningstar Medalist Rating

Morningstar Medalist Rating - GOLD
Morningstar has awarded the Fund a Gold medal, its highest level of conviction. (Effective May 01, 2023)

Holdings

Holdings

as of Feb 29, 2024
Name Weight (%)
MICROSOFT CORP 2.93
SPDR S&P ETF TRUST MAR C @ 515 2.45
NIKKEI 225 (OSE) MAR 24 1.98
AMAZON COM INC 1.84
NVIDIA CORP 1.54
Name Weight (%)
APPLE INC 1.52
ALPHABET INC CLASS C 1.18
ASML HOLDING NV 1.01
JPMORGAN CHASE & CO 0.96
MASTERCARD INC CLASS A 0.91
Name Weight (%) Shares Market Value
as of Feb 29, 2024
Name Weight (%)
UMBS 30YR TBA 1.11
BRAZIL FEDERATIVE REPUBLIC OF (GOV 0 07/01/2024 0.65
GREEN PLAINS - SECURED NOTES 144A 11.75 02/08/2026 0.51
TREASURY NOTE 4.625 09/30/2028 0.44
TREASURY NOTE 4.25 12/31/2024 0.35
Name Weight (%)
FREED CORP 4A2 12 11/30/2028 0.31
BRAZIL FEDERATIVE REPUBLIC OF (GO 10 01/01/2027 0.30
HR OTTAWA LP 144A 11 03/31/2031 0.30
QUINTIS 1ST LIEN SR SEC PIK TOGGLE 144A 13.51 10/01/2026 0.29
BRAZIL FEDERATIVE REPUBLIC OF (GOV 0 04/01/2024 0.28
Holdings are subject to change. Fund holdings and allocations shown are unaudited, and may not be representative of current or future investments. The Fund is actively managed and its details, holdings and characteristics will vary. Holdings shown should not be deemed as a recommendation to buy or sell securities. The user relies on this data at its own risk and neither BlackRock nor any other party makes any representations or express or implied warranties (which are expressly disclaimed) nor shall they incur any liability for any errors or omissions in the data.

Exposure Breakdowns

Exposure Breakdowns

as of Feb 29, 2024

% of Net Assets

Type Fund Benchmark Net
Allocations subject to change.
as of Feb 29, 2024

% of Net Assets

Type Fund Benchmark Net
as of Feb 29, 2024

% of Net Assets

Type Fund Benchmark Net
as of Feb 29, 2024

% of Net Assets

Type Fund Benchmark Net
as of Feb 29, 2024

% of Net Assets

Type Fund Benchmark Net

Negative weightings may result from specific circumstances (including timing differences between trade and settle dates of securities purchased by the funds) and/or the use of certain financial instruments, including derivatives, which may be used to gain or reduce market exposure and/or risk management. Allocations are subject to change.


% of Net Assets represents the Fund’s exposure based on the economic value of securities and is adjusted for futures, options, and swaps (except with respect to fixed income securities), and convertible bonds.

Portfolio Managers

Portfolio Managers

Rick Rieder
Russ Koesterich
David Clayton

Team's Commentary

Get timely market outlooks, thought leadership and portfolio positioning insights from the investment team.

Read the Team's Commentary

Literature

Literature

 

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