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MKLOX
Global Allocation Fund
Overview
An investment built for all generations
The BlackRock Global Allocation Fund seeks a rate of return competitive with that of global stocks at a lower level of volatility over a full market cycle by diversifying broadly across the world.
UNCONSTRAINED IN SEARCH OF OPPORTUNITY
Core "one-stop shop" seeking to balance risk/return by investing in stocks, bonds and cash
ONE OF THE MOST EXPERIENCED GLOBAL MULTI-ASSET TEAMS*
Seasoned team of 50+ professionals have navigated diverse markets for over 29 years
PROVEN RECORD OF GROWING ASSETS & MANAGING VOLATILITY
Delivered returns in excess of global stocks with one-third less volatility since inception
Global Allocation Insights
Have markets gone from one extreme to the other?
Read more
Take the GA challenge
Build a portfolio, then add Global Allocation Fund - see if it improved results.
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Performance
Performance
-
Returns
Missing average annual returns data
Missing cumulative returns data
| 2014 | 2015 | 2016 | 2017 | 2018 | |
|---|---|---|---|---|---|
| Total Return (%) Total return represents changes to the NAV and accounts for distributions from the fund. | - | - | 4.17 | 13.70 | -7.30 |
| 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<br /><br /> Index returns are for illustrative purposes only. Index performance returns do not reflect any management fees, transaction costs or expenses. Indexes are unmanaged and one cannot invest directly in an index. Past performance does not guarantee future results. | 4.17 | -0.78 | 6.06 | 15.69 | -4.68 |
| Morningstar Category Avg. (%) World Allocation | 1.54 | -4.15 | 6.04 | 14.79 | -8.26 |
Missing calendar year returns data
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.
Distributions
Interactive chart displaying fund performance. Javascript is required.
Explore fund performance
Explore how the Global Allocation Fund's diversified approach has grown a $10k investment in 1989 into over $100k today.
Launch chart
Launch chart
Key Facts
Key Facts
Size of Class (Millions)
as of Feb 22, 2019
$1,366.7 M
Size of Fund (Millions)
$28,791.6 M
Share Class launch date
Jun 08, 2016
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
09258N778
Number of Issuers
as of Jan 31, 2019
604
Distribution Frequency
How often a distribution is paid by the fund. The most common distribution frequencies are annually, biannually and quarterly.
None
Max Offer Price
as of Feb 22, 2019
$18.54
Open to New Investors
Yes
Turnover Percent
154%
Portfolio Characteristics
Portfolio Characteristics
Average Market Cap (Millions)
The average size of the securities the fund invests in.
as of Jan 31, 2019
$ 146,362.0 M
Fund Sharpe Ratio (3y)
Compared to 36% S&P 500, 24% FTSE World (ex.US), 24% ICE BofA/ML Cur 5-yr US Treasury, 16% FTSE Non-USD WGBI.<br/><br/>A ratio to measure risk-adjusted performance. The Sharpe ratio is calculated by subtracting the risk-free rate - such as that of the 10-year U.S. Treasury bond - from the rate of return for a portfolio and dividing the result by the standard deviation of the portfolio returns.
as of Jan 31, 2019
0.00
Benchmark Sharpe Ratio (3y)
as of -
-
Fund Standard Deviation (3y)
as of Jan 31, 2019
0.00
Benchmark Standard Deviation (3y)
as of -
-
Effective Duration Fixed Income
as of Jan 31, 2019
3.36 yrs
Effective Duration Fixed Income and Cash
as of Jan 31, 2019
2.58 yrs
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
Net Expense Ratio excluding Investment Related Expenses is 0.73%
- Acquired Fund Fees and Expenses Investment related expense that reflects the Fund’s pro rata share of the indirect fees and expenses incurred by investing in one or more acquired funds, such as mutual funds, exchange traded funds, or other pooled investment vehicles. AFFE are reflected in the prices of the acquired funds and thus included in the total returns of the Fund. 0.01%
- Interest expense Investment related expense that reflects the cost of borrowing securities to seek to enhance return or reduce risk. The amount of Interest Expense (if any) will fluctuate with each Fund’s use of certain investments. 0.02%
Ratings
Ratings
Morningstar Analyst Rating
Morningstar has awarded the Fund a Silver medal. Fewer than 10% of US open-end funds hold medalist ratings. (Effective Apr 13, 2018) ‡
Holdings
Holdings
as of Jan 31, 2019
| Name | Weight (%) |
|---|---|
| ALPHABET INC CLASS C | 1.52 |
| JOHNSON & JOHNSON | 1.14 |
| APPLE INC | 1.12 |
| COMCAST CORP CLASS A | 1.11 |
| EXXON MOBIL CORP | 1.00 |
| Name | Weight (%) |
|---|---|
| ANTHEM INC | 0.99 |
| UBER TECHNOLOGIES, INC. | 0.98 |
| AMAZON COM INC | 0.92 |
| WILLIAMS INC | 0.91 |
| MICROSOFT CORP | 0.90 |
as of Jan 31, 2019
| Name | Weight (%) |
|---|---|
| TREASURY NOTE 2.875 10/31/2023 | 6.66 |
| TREASURY NOTE 2.875 09/30/2023 | 6.22 |
| TREASURY NOTE 3 10/31/2025 | 3.18 |
| TREASURY NOTE (2OLD) 2.875 11/30/2025 | 2.18 |
| TREASURY (CPI) NOTE 0.625 04/15/2023 | 1.58 |
| Name | Weight (%) |
|---|---|
| TREASURY NOTE 2.75 08/31/2023 | 1.26 |
| GERMANY (FEDERAL REPUBLIC OF) RegS 0.5 02/15/2028 | 0.87 |
| ARGENTINA REPUBLIC OF GOVERNMENT 5.875 01/11/2028 | 0.36 |
| QUINTIS 2ND LIEN SR SEC PIK TOGGLE 144A 0 10/01/2028 | 0.31 |
| MANDATORY EXCHANGEABLE SPONSORED A 144A 5.75 06/01/2019 | 0.28 |
Exposure Breakdowns
Exposure Breakdowns
as of Jan 31, 2019
% of Market Value
Allocations subject to change.
as of Jan 31, 2019
% of Market Value
as of Jan 31, 2019
% of Market Value
as of Jan 31, 2019
% of Market Value
as of Jan 31, 2019
% of Market Value
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.
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Portfolio Managers
Portfolio Managers
Team's Commentary
Get timely market outlooks, thought leadership and portfolio positioning insights from the investment team.
Literature
Literature
Important Information
Carefully consider the Funds' investment objectives, risk factors, and charges and expenses before investing. This and other information can be found in the Funds' prospectuses or, if available, the summary prospectuses which may be obtained by visiting the iShares Fund and BlackRock Fund prospectus pages. Read the prospectus carefully before investing.
Effective August 1, 2017, Dennis Stattman will no longer serve as a portfolio manager of the fund.
*Source: Morningstar. The Fund has one of the longest "Manager Tenure" as defined by Morningstar among funds in Morningstar's World Allocation category.
‡Morningstar Analyst Rating™is not a credit or risk rating. It is a subjective evaluation performed by Morningstar’s manager research group, which consists of various Morningstar, Inc. subsidiaries (“Manager Research Group”). In the United States, that subsidiary is Morningstar Research Services LLC, which is registered with and governed by the U.S. Securities and Exchange Commission. The Manager Research Group evaluates funds based on five key pillars, which are process, performance, people, parent, and price. The Manager Research Group uses this five pillar evaluation to determine how they believe funds are likely to perform relative to a benchmark, or in the case of exchange-traded funds and index mutual funds, a relevant peer group, over the long term on a risk-adjusted basis. They consider quantitative and qualitative factors in their research, and the weight of each pillar may vary. The Analyst Rating scale is Gold, Silver, Bronze, Neutral, and Negative. A Morningstar Analyst Rating of Gold, Silver, or Bronze reflects the Manager Research Group’s conviction in a fund’s prospects for outperformance. Analyst Ratings ultimately reflect the Manager Research Group’s overall assessment, are overseen by an Analyst Rating Committee, and are continuously monitored and reevaluated at least every 14 months. For more detailed information about Morningstar’s Analyst Rating, including its methodology, please go to global.morningstar.com/managerdisclosures/.
The Morningstar Analyst Rating (i) should not be used as the sole basis in evaluating a fund, (ii) involves unknown risks and uncertainties which may cause Analyst expectations not to occur or to differ significantly from what they expected, and (iii) should not be considered an offer or solicitation to buy or sell the fund.
The fund is actively managed and its characteristics will vary.
Stock and bond values fluctuate in price so the value of your investment can go down depending on market conditions.
International investing involves risks, including risks related to foreign currency, limited liquidity, less government regulation and the possibility of substantial volatility due to adverse political, economic or other developments. These risks may be heightened for investments in emerging markets.
Fixed income risks include interest-rate and credit risk. Typically, when interest rates rise, there is a corresponding decline in bond values. Credit risk refers to the possibility that the bond issuer will not be able to make principal and interest payments.
Non-investment-grade debt securities (high-yield/junk bonds) may be subject to greater market fluctuations, risk of default or loss of income and principal than higher rated securities.
Asset allocation strategies do not assure profit and do not protect against loss.
The fund may use derivatives to hedge its investments or to seek to enhance returns. Derivatives entail risks relating to liquidity, leverage and credit that may reduce returns and increase volatility.
Short-selling entails special risks. If the fund makes short sales in securities that increase in value, the fund will lose value. Any loss on short positions may or may not be offset by investing short-sale proceeds in other investments.
Performance results reflect past performance and are no guarantee of future results. Investment return and principal value of shares will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. All returns assume reinvestment of all dividends. Performance information shown without sales charge would have been lower if the applicable sales charge had been included. Performance during periods of exceptional market conditions should not be expected to be repeated in a normal market environment. Current performance may be lower or higher than the performance data quoted.
Performance shown for certain share classes of certain funds is synthetic, pre-inception performance leveraging the performance of a different share class of the fund. When evaluating fund performance, it is important to note that it does not represent actual performance of such share class. All performance after inception of the share class is actual performance. For details regarding which funds and share classes leverage synthetic, pre-inception performance, please visit this page.
Investing involves risk, including possible loss of principal.
Fund details, holdings and characteristics are as of the date noted and subject to change.
Yields are based on income earned for the period cited and on the Fund's NAV at the end of the period.
Some BlackRock funds make distributions of ordinary income and capital gains at calendar year end. Those distributions temporarily cause extraordinarily high yields. There is no assurance that a fund will repeat that yield in the future. Subsequent monthly distributions that do not include ordinary income or capital gains in the form of dividends will likely be lower.
The Funds are distributed by BlackRock Investments, LLC (together with its affiliates, “BlackRock”).
© 2019 BlackRock, Inc. All rights reserved. BLACKROCK, BLACKROCK SOLUTIONS, BUILD ON BLACKROCK, ALADDIN, iSHARES, iBONDS, iSHARES CONNECT, FUND FRENZY, LIFEPATH, SO WHAT DO I DO WITH MY MONEY, INVESTING FOR A NEW WORLD, BUILT FOR THESE TIMES, the iShares Core Graphic, CoRI and the CoRI logo are registered and unregistered trademarks of BlackRock, Inc., or its subsidiaries in the United States and elsewhere. All other marks are the property of their respective owners.
USR-10292