Multi Asset

MKLOX

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.
12.80 0.48 7.66 4.87 9.10
Benchmark (%) 15.69 2.46 7.69 5.76 7.27
Morningstar Category Avg. (%) 10.72 2.67 6.09 4.02 -
Morningstar Ranking 145/391 302/378 66/354 - -
Morningstar Quartile 2 4 1 2 -
Lipper Ranking 157/453 336/417 116/378 - -
Lipper Quartile 2 4 2 - -
FTSE World Index 24.18 7.39 12.98 - -
  YTD 1m 3m 1y 3y 5y 10y Incept.
12.80 4.52 9.94 12.80 1.44 44.65 60.85 1,987.74
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 -
FTSE World Index - 4.96 11.65 24.18 23.85 84.04 - -
  2019 2020 2021 2022 2023
Total Return (%) 17.59 21.27 6.82 -15.81 12.80
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.

Explore fund performance

Explore how the Global Allocation Fund's diversified approach has grown a $10k investment in 1989 into over $100k today.
GA Challenge

Key Facts

Key Facts

Size of Class (Millions) as of Feb 20, 2024 $1,182.1 M
Size of Fund (Millions) $17,406.3 M
Share Class launch date Jun 08, 2016
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 09258N778
Number of Issuers as of Jan 31, 2024 1,930
Distribution Frequency None
Max Offer Price as of Feb 20, 2024 $18.68
Open to New Investors Yes
Turnover Percent in the Annual Report 139.00%

Portfolio Characteristics

Portfolio Characteristics

P/E Ratio as of Jan 31, 2024 17.37
Average Market Cap (Millions) as of Jan 31, 2024 $ 464,182.8 M
Fund Sharpe Ratio (3y) as of Jan 31, 2024 -0.09
Benchmark Sharpe Ratio (3y) as of Jan 31, 2024 0.10
Fund Standard Deviation (3y) as of Jan 31, 2024 11.90
Benchmark Standard Deviation (3y) as of Jan 31, 2024 12.46
Effective Duration as of Jan 31, 2024 1.78 yrs
Effective Duration Fixed Income as of Jan 31, 2024 6.02 yrs
Effective Duration Fixed Income and Cash as of Jan 31, 2024 4.71 yrs
Best 3-Month Return Over the Last 3 Years 3 months ending Jan 31, 2024 11.47%
Worst 3-Month Return Over the Last 3 Years 3 months ending Jun 30, 2022 -10.18%
Secondary Benchmark Sharpe Ratio (3y) as of Jan 31, 2024 0.41
Secondary Benchmark Standard Deviation (3y) as of Jan 31, 2024 16.90
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 0.80%
Net Expense Ratio 0.76%

Net Expense Ratio excluding Investment Related Expenses is 0.75%

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

Ratings

Ratings

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 Jan 31, 2024 out of 407, 4,585, 411, 219 and 411 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 Jan 31, 2024
Name Weight (%)
MICROSOFT CORP 2.92
AMAZON COM INC 1.74
NIKKEI 225 (OSE) MAR 24 1.66
APPLE INC 1.59
ALPHABET INC CLASS C 1.29
Name Weight (%)
SPDR S&P ETF TRUST FEB C @ 490 1.17
ASML HOLDING NV 0.93
NVIDIA CORP 0.88
MASTERCARD INC CLASS A 0.84
JPMORGAN CHASE & CO 0.79
Name Weight (%) Shares Market Value
as of Jan 31, 2024
Name Weight (%)
SPAIN (KINGDOM OF) 2.55 10/31/2032 1.15
UMBS 30YR TBA(REG A) 1.15
BRAZIL FEDERATIVE REPUBLIC OF (GOV 0 07/01/2024 0.66
GREEN PLAINS - SECURED NOTES 144A 11.75 02/08/2026 0.52
SWP: OIS 4.311000 29-SEP-2033 SOF 0.40
Name Weight (%)
TREASURY NOTE 4.625 09/30/2028 0.39
TREASURY NOTE 4.25 12/31/2024 0.36
QUINTIS 1ST LIEN SR SEC PIK TOGGLE 144A 13.51 10/01/2026 0.35
BRAZIL FEDERATIVE REPUBLIC OF (GO 10 01/01/2027 0.31
FREED CORP 4A2 Prvt 12 11/30/2028 0.31
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 Jan 31, 2024

% of Market Value

Type Fund Benchmark Net
Allocations subject to change.
as of Jan 31, 2024

% of Market Value

Type Fund Benchmark Net
as of Jan 31, 2024

% of Market Value

Type Fund Benchmark Net
as of Jan 31, 2024

% of Market Value

Type Fund Benchmark Net
as of Jan 31, 2024

% of Market Value

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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