Multi Asset

Global Allocation Fund

Overview

The fund invests a large portion of assets which are denominated in other currencies; hence changes in the relevant exchange rate will affect the value of the investment. The fund may invest in smaller company shares which can be more unpredictable and less liquid than those of larger company shares.
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Performance

Performance

  • Returns

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.

Growth of Hypothetical 10,000 The growth of hypothetical $10,000 chart reflects a hypothetical $10,000 investment and assumes reinvestment of dividends and capital gains. Fund expenses, including management fees and other expenses were deducted.

Performance chart data not available for display.
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Reinvestments

Record Date Ex-Date Payable Date
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Key Facts

Key Facts

Number of Issuers 565
Size of Fund (Millions) as of Aug 13, 2018 USD 17,312.971
Base Currency U.S. Dollar
Fund Inception Date Jan 3, 1997
Share Class Currency U.S. Dollar
Share Class Inception Date Jan 3, 1997
Asset Class Multi Asset
Morningstar Category USD Moderate Allocation
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
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
ISIN LU0072462426
Bloomberg Ticker MERGAAI
Initial Charge 5.00%
Performance Fee 0.00%
SEDOL 5301377
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment USD 5000
Minimum Subsequent Investment USD 1000
Use of Income Accumulating

Ratings

Ratings

Morningstar Rating

Overall Morningstar Rating for Global Allocation Fund, Class A2, as of Jul 31, 2018 rated against 605 USD Moderate Allocation Funds.

Morningstar Analyst Rating

Morningstar Analyst Rating - Silver
Morningstar has awarded the Fund a Silver medal. Fewer than 10% of US open-end funds hold medalist ratings. (Effective Jun 11, 2018)

Risk Indicator

Risk Indicator

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Low Risk High Risk
Low Yield High Yield

Holdings

Holdings

as of Jul 31, 2018
Name Weight (%)
APPLE INC 1.55
FACEBOOK CLASS A INC 1.49
MICROSOFT CORP 1.47
ALPHABET INC CLASS C 1.26
COMCAST A CORP 1.18
Name Weight (%)
AMAZON COM INC 1.16
WILLIAMS INC 1.03
CVS HEALTH CORP 1.00
JOHNSON & JOHNSON 1.00
DOWDUPONT INC 0.95
as of Jul 31, 2018
Name Weight (%)
TREASURY NOTE (2OLD) 2.875 05/31/2025 5.04
TREASURY NOTE (OLD) 2.625 06/30/2023 4.93
TREASURY NOTE 2.75 04/30/2023 3.05
TREASURY NOTE (OTR) 2.75 07/31/2023 2.42
TREASURY NOTE (2OLD) 2.75 05/31/2023 2.39
Name Weight (%)
TREASURY NOTE (OLD) 2.5 06/30/2020 2.00
GERMANY (FEDERAL REPUBLIC OF) RegS 0.5 02/15/2028 1.65
TREASURY NOTE (OLD) 2.75 02/15/2028 1.05
TREASURY NOTE (OTR) 2.875 05/15/2028 0.82
CANADA (GOVERNMENT OF) 0.5 08/01/2018 0.74
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of Jul 31, 2018

% of Net Assets

Type Fund Benchmark Net
Allocations subject to change.
as of Jul 31, 2018

% of Net Assets

Type Fund Benchmark Net
as of Jul 31, 2018

% of Market Value

Type Fund Benchmark Net
as of Jul 31, 2018

% of Market Value

Type Fund Benchmark Net
as of Jul 31, 2018

% 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.

Pricing & Exchange

Investor Class Currency Distribution Frequency NAV NAV Amount Change NAV % Change 52wk High 52wk Low Bid Price ISIN Offer Price TIS
A2 USD Accumulating 56.43 -0.22 -0.39 59.60 54.90 - LU0072462426 - -
E2 Hgd PLN Accumulating 15.81 -0.06 -0.38 16.81 15.56 - LU0530192003 - -
E2 EUR Accumulating 45.51 -0.20 -0.44 45.71 42.00 - LU0171283533 - -
C2 Hgd EUR Accumulating 28.64 -0.12 -0.42 30.89 28.29 - LU0212926058 - -
D4 EUR Annual 48.69 -0.20 -0.41 48.89 44.72 - LU0827880005 - -
X4 USD Annual 12.39 -0.05 -0.40 12.96 11.96 - LU0953392981 - -
C2 EUR Accumulating 38.45 -0.17 -0.44 38.62 35.59 - LU0331284793 - -
A4 EUR Annual 48.31 -0.20 -0.41 48.51 44.50 - LU0408221512 - -
A2 Hgd PLN Accumulating 16.43 -0.07 -0.42 17.43 16.12 - LU0480534592 - -
D2 Hgd SGD Accumulating 14.11 -0.05 -0.35 14.92 13.68 - LU0827880690 - -
D2 Hgd CHF Accumulating 12.61 -0.05 -0.39 13.50 12.43 - LU0827880260 - -
D2 EUR Accumulating 53.53 -0.22 -0.41 53.75 49.16 - LU0523293024 - -
I2 EUR Accumulating 53.26 -0.22 -0.41 53.48 48.88 - LU1653088838 - -
E2 USD Accumulating 52.01 -0.20 -0.38 55.08 50.85 - LU0147396450 - -
X2 Hgd AUD Accumulating 19.51 -0.07 -0.36 20.46 18.70 - LU0525289509 - -
X2 EUR Accumulating 59.30 -0.24 -0.40 59.54 54.26 - LU0984173384 - -
D2 Hgd AUD Accumulating 17.78 -0.07 -0.39 18.74 17.21 - LU0827880187 - -
A2RF Hgd CHF Accumulating 12.06 -0.04 -0.33 12.96 11.89 - LU0343169966 - -
C2 USD Accumulating 43.94 -0.18 -0.41 46.73 43.27 - LU0147395726 - -
A2 HUF Accumulating 15,988.27 -12.09 -0.08 16,000.36 14,027.09 - LU0566074125 - -
X2 Hgd EUR Accumulating 11.29 -0.04 -0.35 11.97 11.07 - LU0260352280 - -
A2 Hgd AUD Accumulating 17.02 -0.06 -0.35 18.01 16.59 - LU0468326631 - -
D2 Hgd PLN Accumulating 17.18 -0.06 -0.35 18.14 16.73 - LU0827880427 - -
E2 Hgd EUR Accumulating 35.30 -0.14 -0.40 37.92 34.84 - LU0212926132 - -
A4 USD Annual 55.20 -0.22 -0.40 58.30 53.82 - LU0724617625 - -
D2 Hgd GBP Accumulating 31.02 -0.12 -0.39 32.99 30.50 - LU0827880344 - -
D4 Hgd EUR Annual 34.64 -0.13 -0.37 36.95 34.14 - LU0827880773 - -
I2 USD Accumulating 60.86 -0.23 -0.38 63.94 58.65 - LU0368249560 - -
I2 Hgd EUR Accumulating 39.25 -0.15 -0.38 41.82 38.67 - LU0368231949 - -
X2 Hgd JPY Accumulating 1,108.00 -4.00 -0.36 1,173.00 1,083.00 - LU1445720094 - -
A2 Hgd HKD Accumulating 13.61 -0.05 -0.37 14.46 13.38 - LU0788109477 - -
I2 Hgd SGD Accumulating 14.13 -0.05 -0.35 14.93 13.74 - LU0810842038 - -
A2 Hgd CNH Accumulating 127.44 -0.49 -0.38 133.39 122.23 - LU1062906877 - -
A2 Hgd EUR Accumulating 36.76 -0.15 -0.41 39.38 36.26 - LU0212925753 - -
A2 EUR Accumulating 49.38 -0.21 -0.42 49.59 45.49 - LU0171283459 - -
D4 GBP - 43.52 -0.32 -0.73 43.84 41.81 - LU1852330908 - -
A2 Hgd GBP Accumulating 29.70 -0.12 -0.40 31.72 29.25 - LU0236177068 - -
X2 USD Accumulating 67.76 -0.25 -0.37 70.90 64.82 - LU0328507826 - -
J2 USD Accumulating 68.21 -0.26 -0.38 71.37 65.25 - LU0304953069 - -
A4 Hgd EUR Annual 34.37 -0.14 -0.41 36.82 33.91 - LU0240613025 - -
A2 Hgd SGD Accumulating 13.42 -0.06 -0.45 14.26 13.18 - LU0308772762 - -
D2 USD Accumulating 61.17 -0.23 -0.37 64.34 59.07 - LU0329592538 - -
D2 Hgd EUR Accumulating 39.85 -0.15 -0.38 42.51 39.27 - LU0329591480 - -

Portfolio Managers

Portfolio Managers

Dan Chamby, CFA
Portfolio Manager, Global Allocation

Dan Chamby, CFA, Managing Director and portfolio manager, is a member of the Global Allocation team within BlackRock’s Multi-Asset Strategies Group.

David Clayton, CFA, JD
Portfolio Manager, Global Allocation

David Clayton

Kent Hogshire, CFA
Portfolio Manager, Global Allocation

 Kent Hogshire, CFA, Managing Director and portfolio manager, is a member of the Global Allocation team within BlackRock’s Multi-Asset Strategies Group.

Russ Koesterich
Portfolio Manager, Global Allocation

Russ Koesterich, CFA, JD, Managing Director and portfolio manager, is a member of the Global Allocation team within BlackRock's Multi-Asset Strategies Group.

 

Mr. Koesterich's service with the firm dates back to 2005, including his years with Barclays Global Investors (BGI), which merged with BlackRock in 2009. He joined the BlackRock Global Allocation team in 2016 as Head of Asset Allocation and was named a portfolio manager of the Fund in 2017. Previously, he was BlackRock's Global Chief Investment Strategist and Chairman of the Investment Committee for the Model Portfolio Solutions business, and formerly served as the Global Head of Investment Strategy for scientific active equities and as senior portfolio manager in the U.S. Market Neutral Group. Prior to joining BGI, Mr. Koesterich was the Chief North American Strategist at State Street Bank and Trust. He began his investment career at Instinet Research Partners where he occupied several positions in research, including Director of Investment Strategy for both U.S. and European research, and Equity Analyst. He is a frequent contributor to financials news media and the author of two books, including his most recent "The Ten Trillion Dollar Gamble."

 

Mr. Koesterich earned a BA in history from Brandeis University, a JD from Boston College and an MBA from Columbia University. He is a CFA Charterholder.

Literature

Literature