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.
14.64 6.48 7.46 6.21 9.62
Benchmark (%) 9.05 6.74 8.18 7.07 7.49
Morningstar Category Avg. (%) -1.88 1.23 4.08 4.59 -
Morningstar Ranking 8/458 21/379 22/330 51/203 -
Morningstar Quartile 1 1 1 1 -
Lipper Category Avg. (%) 3.22 3.23 5.62 5.74 -
Lipper Ranking 36/513 61/454 76/365 62/162 -
Lipper Quartile 1 1 1 2 -
FTSE World Index 10.41 7.71 10.88 9.35 7.38
  YTD 1m 3m 1y 3y 5y 10y Incept.
8.19 -1.50 7.63 14.64 20.71 43.32 82.66 1,731.56
Benchmark (%) 3.62 -1.98 5.38 9.05 21.62 48.14 97.93 885.19
Morningstar Category Avg. (%) -5.33 -1.49 -0.97 -1.88 3.74 22.11 56.62 -
Lipper Category Avg. (%) -1.09 -2.07 4.59 3.22 10.38 32.21 78.00 -
FTSE World Index 1.30 -3.25 8.00 10.41 24.95 67.58 144.45 853.47
  2015 2016 2017 2018 2019
Total Return (%) -0.83 4.08 13.60 -7.37 17.54
Benchmark (%) -0.78 6.06 15.69 -4.68 18.79
Morningstar Category Avg. (%) -4.15 6.04 14.79 -8.26 16.10
FTSE World Index -1.37 8.65 24.09 -8.77 27.74
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.
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Key Facts

Key Facts

Size of Class (Millions) as of Nov 25, 2020 $8,728.0 M
Size of Fund (Millions) $24,681.5 M
Share Class launch date Feb 03, 1989
Asset Class MultiAsset
Morningstar Category World 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 Oct 30, 2020 993
Distribution Frequency Semi-Annual
Max Offer Price as of Nov 25, 2020 $21.94
Open to New Investors Yes
Turnover Percent in the Annual Report 156%

Portfolio Characteristics

Portfolio Characteristics

P/E Ratio as of Oct 30, 2020 20.53
Average Market Cap (Millions) as of Oct 30, 2020 $ 289,945.5 M
Fund Sharpe Ratio (3y) as of Oct 31, 2020 0.40
Benchmark Sharpe Ratio (3y) as of Oct 31, 2020 0.44
Fund Standard Deviation (3y) as of Oct 31, 2020 11.05
Benchmark Standard Deviation (3y) as of Oct 31, 2020 10.13
Effective Duration as of Oct 30, 2020 2.20 yrs
Effective Duration Fixed Income as of Oct 30, 2020 7.98 yrs
Effective Duration Fixed Income and Cash as of Oct 30, 2020 6.98 yrs
Best 3-Month Return Over the Last 3 Years 3 months ending Jun 30, 2020 14.70%
Worst 3-Month Return Over the Last 3 Years 3 months ending Mar 31, 2020 -12.36%
Secondary Benchmark Sharpe Ratio (3y) as of Oct 31, 2020 0.33
Secondary Benchmark Standard Deviation (3y) as of Oct 31, 2020 17.02
This information must be preceded or accompanied by a current prospectus. For standardized performance, please see the Performance section above.

Fees

Fees

as of current prospectus
Gross Expense Ratio 0.85%
Net Expense Ratio 0.80%

Net Expense Ratio excluding Investment Related Expenses is 0.79%

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

Ratings

Ratings

Morningstar Rating

5
Overall Morningstar Rating for Global Allocation Fund, Class Inst, as of Oct 31, 2020 rated against 388 World 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 Oct 31, 2020 out of 438, 4,467, 442, 216 and 442 Funds, respectively in Lipper's Flexible Portfolio Funds classification.

Morningstar Analyst Rating

Morningstar Analyst Rating - Bronze
Morningstar has awarded the Fund a Bronze medal. Fewer than 10% of US open-end funds hold medalist ratings. (Effective Apr 06, 2020)

Holdings

Holdings

as of Oct 30, 2020
Name Weight (%)
MICROSOFT CORP 2.01
APPLE INC 1.91
AMAZON COM INC 1.80
ALPHABET INC CLASS C 1.51
UNITEDHEALTH GROUP INC 1.01
Name Weight (%)
JPMORGAN CHASE & CO 0.95
JOHNSON & JOHNSON 0.91
NEXTERA ENERGY INC 0.90
TAIWAN SEMICONDUCTOR MANUFACTURING 0.90
SIEMENS N AG 0.89
as of Oct 30, 2020
Name Weight (%)
TREASURY (CPI) NOTE 0.125 04/15/2025 2.71
CHINA PEOPLES REPUBLIC OF (GOVERNM 3.29 05/23/2029 1.41
ISHARES IBOXX $ HIGH YIELD CORP BO 1.36
TREASURY NOTE 1.75 11/15/2029 1.34
TREASURY (CPI) NOTE 0.125 10/15/2024 1.31
Name Weight (%)
JAPAN (GOVERNMENT OF) 30YR #64 0.4 09/20/2049 0.89
ITALY (REPUBLIC OF) 1.35 04/01/2030 0.81
TREASURY BOND 2.375 11/15/2049 0.77
AUSTRALIA (COMMONWEALTH OF) 3 03/21/2047 0.72
SPAIN (KINGDOM OF) 0.6 10/31/2029 0.71

Exposure Breakdowns

Exposure Breakdowns

as of Oct 30, 2020

% of Net Assets

Type Fund Benchmark Net
Allocations subject to change.
as of Oct 30, 2020

% of Net Assets

Type Fund Benchmark Net
as of Oct 30, 2020

% of Net Assets

Type Fund Benchmark Net
as of Oct 30, 2020

% of Net Assets

Type Fund Benchmark Net
as of Oct 30, 2020

% 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.

Global Allocation Special Commentary
Managing through the present while investing for the future.
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Global allocation fund

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.

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Literature

Literature

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