Multi Asset

MKLOX

Global Allocation Fund

Overview

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Performance

Performance

  1y 3y 5y 10y Incept. Performance data for certain classes of shares of certain funds are based on pre-class inception information dating back to an older class of fund shares. This information may be considered when assessing a fund's performance, but it does not represent actual performance of these classes of shares. The inception date noted under Key Fund Facts is the date the class of shares was incepted. See fund prospectus or fact sheet for details.
-4.13 1.30 1.78 4.26 9.05
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. -3.16 3.34 3.73 5.69 7.05
Morningstar Category Avg. (%) World Allocation -6.37 0.49 1.29 4.17 -
Morningstar Ranking Rankings are based on total return excluding sales charges, independently calculated and not combined to create an overall ranking. 39/464 65/394 - - -
Morningstar Quartile Rankings based on total return excluding sales charges, independently calculated and not combined to create an overall ranking. 1 1 1 2 -
Lipper Ranking Rankings are based on total return excluding sales charges. 97/553 136/488 - - -
Lipper Quartile Rankings are based on total return excluding sales charges. 1 2 - - -
FTSE World Index FTSE World Index shown for illustrative purposes only to demonstrate how this fund has performed vs. the broader respective market. -10.55 2.02 - - -
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.

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Distributions

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

Key Facts

Size of Class (Millions) as of Jul 01, 2020 $1,244.0 M
Size of Fund (Millions) $21,757.2 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 May 29, 2020 808
Max Offer Price as of Jul 01, 2020 $19.47
Open to New Investors Yes
Turnover Percent 156%

Portfolio Characteristics

Portfolio Characteristics

Average Market Cap (Millions) The average size of the securities the fund invests in. as of May 29, 2020 $ 281,725.4 M
Benchmark Sharpe Ratio (3y) as of May 31, 2020 0.42
Fund Standard Deviation (3y) as of May 31, 2020 10.37
Benchmark Standard Deviation (3y) as of May 31, 2020 9.60
Effective Duration Fixed Income as of May 29, 2020 9.01 yrs
Effective Duration Fixed Income and Cash as of May 29, 2020 6.20 yrs
Best 3-Month Return Over the Last 3 Years 3 months ending Mar 31, 2019 7.53%
Worst 3-Month Return Over the Last 3 Years 3 months ending Mar 31, 2020 -12.33%
Secondary Benchmark Sharpe Ratio (3y) FTSE World Index as of Jun 30, 2020 0.37
Secondary Benchmark Standard Deviation (3y) FTSE World Index as of Jun 30, 2020 16.29
This information must be preceded or accompanied by a current prospectus. For standardized performance, please see the Performance section above.

Ratings

Ratings

Morningstar Rating

5
Overall Morningstar Rating for Global Allocation Fund, Class K, as of Jun 30, 2020 rated against 396 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 May 31, 2020 out of 468, 4,755, 472, 226 and 472 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 May 29, 2020
Name Weight (%)
MICROSOFT CORP 2.02
APPLE INC 1.88
AMAZON COM INC 1.84
ALPHABET INC CLASS C 1.62
UNITEDHEALTH GROUP INC 1.10
Name Weight (%)
SIEMENS N AG 0.89
COMCAST CORP CLASS A 0.85
CHARTER COMMUNICATIONS INC CLASS A 0.85
MORGAN STANLEY 0.84
NEXTERA ENERGY INC 0.82
as of May 29, 2020
Name Weight (%)
TREASURY NOTE 1.75 11/15/2029 2.59
WI TREASURY (CPI) NOTE 0.125 04/15/2025 1.94
TREASURY (CPI) NOTE 0.125 10/15/2024 1.38
TREASURY BOND 2.375 11/15/2049 1.06
JAPAN (GOVERNMENT OF) 30YR #64 0.4 09/20/2049 0.96
Name Weight (%)
ISHARES IBOXX $ HIGH YIELD CORP BO 0.90
ITALY (REPUBLIC OF) 1.35 04/01/2030 0.78
AUSTRALIA (COMMONWEALTH OF) 3 03/21/2047 0.74
SPAIN (KINGDOM OF) 0.6 10/31/2029 0.70
CHINA PEOPLES REPUBLIC OF (GOVERNM 3.29 05/23/2029 0.55

Exposure Breakdowns

Exposure Breakdowns

as of May 29, 2020

% of Market Value

Type Fund Benchmark Net
Allocations subject to change.
as of May 29, 2020

% of Market Value

Type Fund Benchmark Net
as of May 29, 2020

% of Market Value

Type Fund Benchmark Net
as of May 29, 2020

% of Market Value

Type Fund Benchmark Net
as of May 29, 2020

% 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.

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