Multi Asset

MDLOX

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.
13.95 1.30 6.85 5.00 8.89
7.97 -0.51 5.71 4.43 8.72
Benchmark (%) 14.12 3.36 6.95 6.04 7.34
Morningstar Category Avg. (%) 11.51 2.78 5.31 4.27 -
Morningstar Ranking 108/370 276/356 62/338 76/244 -
Morningstar Quartile 2 4 1 2 -
Lipper Category Avg. (%) 14.30 3.10 6.19 5.01 -
Lipper Ranking 166/429 296/397 125/357 105/244 -
Lipper Quartile 2 3 2 2 -
FTSE World Index 25.15 8.57 12.26 9.62 -
  YTD 1m 3m 1y 3y 5y 10y Incept.
5.25 2.45 5.25 13.95 3.94 39.30 62.87 1,895.90
-0.27 -2.93 -0.27 7.97 -1.52 31.99 54.31 1,791.10
Benchmark (%) 4.27 2.21 4.27 14.12 10.42 39.92 79.69 1,108.44
Morningstar Category Avg. (%) 4.38 2.91 4.38 11.51 8.57 29.54 51.90 -
Lipper Category Avg. (%) 5.45 2.79 5.45 14.30 9.82 36.03 65.87 -
FTSE World Index - 3.28 8.57 25.15 27.99 78.26 150.62 -
  2019 2020 2021 2022 2023
Total Return (%) 17.21 20.79 6.45 -16.05 12.35
Benchmark (%) 18.79 13.34 10.13 -15.59 15.69
Morningstar Category Avg. (%) 16.10 6.18 11.31 -12.34 10.72

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.

Key Facts

Key Facts

Size of Class (Millions)
as of May 24, 2024
$8,749.6 M
Share Class launch date
Oct 21, 1994
Morningstar Category
Global 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
Number of Issuers
as of Apr 30, 2024
3,156
Max Offer Price
as of May 24, 2024
$20.34
Turnover Percent in the Annual Report
139%
Size of Fund (Millions)
$17,495.7 M
Asset Class
MultiAsset
Lipper Classification
Flexible Portfolio Funds
CUSIP
09251T103
Distribution Frequency
Annual
Open to New Investors
Yes

Portfolio Characteristics

Portfolio Characteristics

P/E Ratio
as of Apr 30, 2024
0.00
Fund Sharpe Ratio (3y)
as of Apr 30, 2024
-0.26
Fund Standard Deviation (3y)
as of Apr 30, 2024
12.08
Effective Duration
as of Apr 30, 2024
1.93 yrs
Effective Duration Fixed Income and Cash
as of Apr 30, 2024
5.50 yrs
Worst 3-Month Return Over the Last 3 Years
3 months ending Jun 30, 2022
-10.26%
Secondary Benchmark Standard Deviation (3y)
as of Apr 30, 2024
17.01
Average Market Cap (Millions)
as of Apr 30, 2024
$ 509,498.6 M
Benchmark Sharpe Ratio (3y)
as of Apr 30, 2024
-0.05
Benchmark Standard Deviation (3y)
as of Apr 30, 2024
12.55
Effective Duration Fixed Income
as of Apr 30, 2024
6.97 yrs
Best 3-Month Return Over the Last 3 Years
3 months ending Jan 31, 2024
11.39%
Secondary Benchmark Sharpe Ratio (3y)
as of Apr 30, 2024
0.25
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 1.13%
Net Expense Ratio 1.09%

Net Expense Ratio excluding Investment Related Expenses is 1.08%

  • 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 A, as of Apr 30, 2024 rated against 351 Global Allocation Funds based on risk adjusted total return.

Morningstar Medalist Rating

Morningstar Medalist Rating - SILVER
Morningstar has awarded the Fund a Silver medal. (Effective May 16, 2024)

Holdings

Holdings

as of Apr 30, 2024
Name Weight (%)
MICROSOFT CORP 2.90
NVIDIA CORP 2.14
NIKKEI 225 (OSE) JUN 24 2.05
AMAZON COM INC 1.80
APPLE INC 1.48
Name Weight (%)
ALPHABET INC CLASS C 1.47
MASTERCARD INC CLASS A 1.06
ASML HOLDING NV 0.96
JPMORGAN CHASE & CO 0.96
UNITEDHEALTH GROUP INC 0.70
Name Weight (%) Shares Market Value
as of Apr 30, 2024
Name Weight (%)
BRAZIL FEDERATIVE REPUBLIC OF (GOV 0 07/01/2024 0.66
UMBS 30YR TBA(REG A) 0.61
GREEN PLAINS - SECURED NOTES 144A 11.75 02/08/2026 0.53
TREASURY NOTE 4.625 09/30/2028 0.44
TREASURY NOTE 4.25 12/31/2024 0.37
Name Weight (%)
FREED CORP 4A2 12 11/30/2028 0.32
HR OTTAWA LP 144A 11 03/31/2031 0.31
BRAZIL FEDERATIVE REPUBLIC OF (GO 10 01/01/2027 0.30
LANDSEA HOMES CORP 4A2 SEN NOTES Prvt 11 07/17/2028 0.26
SOUTH AFRICA (REPUBLIC OF) 10.5 12/21/2026 0.26
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 Apr 30, 2024

% of Net Assets

Type Fund Benchmark Net
Allocations subject to change.
as of Apr 30, 2024

% of Net Assets

Type Fund Benchmark Net
as of Apr 30, 2024

% of Net Assets

Type Fund Benchmark Net
as of Apr 30, 2024

% of Net Assets

Type Fund Benchmark Net
as of Apr 30, 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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