Multi Asset

MKLOX

Global Allocation Fund

Overview

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Performance

Performance

  1y 3y 5y 10y Incept.
13.62 14.94 7.56 7.55 9.35
Benchmark (%) 11.54 16.02 8.03 8.10 7.57
FTSE World Index (USD) 18.25 24.33 14.82 - -
Morningstar Category Avg. (%) 13.70 12.84 8.70 6.57 -
Morningstar Ranking 28/381 125/376 199/368 - -
Morningstar Quartile 1 2 3 2 -
Lipper Ranking 70/415 108/385 177/348 - -
Lipper Quartile 1 2 3 - -
  YTD 1m 3m 1y 3y 5y 10y Incept.
15.97 2.64 4.55 13.62 51.84 43.98 107.07 2,546.30
Benchmark (%) 14.67 2.15 4.66 11.54 56.15 47.16 117.99 1,349.77
Morningstar Category Avg. (%) 14.18 0.97 5.75 13.70 48.08 48.07 95.70 -
FTSE World Index (USD) 18.96 3.50 7.66 18.25 92.19 99.59 - -
  2020 2021 2022 2023 2024
Total Return (%) 21.27 6.82 -15.81 12.80 9.30
Benchmark (%) 13.34 10.13 -15.59 15.69 9.09
Morningstar Category Avg. (%) 9.32 12.01 -13.20 12.16 8.79
FTSE World Index (USD) 16.33 20.95 -17.54 24.18 17.96

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.

Click here for historical distribution data and here for upcoming distribution estimates

Explore fund performance

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 Fund (Millions)
as of Dec 04, 2025
$17,131.9 M
Share Class launch date
Jun 08, 2016
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
Lipper Classification
Flexible Portfolio Funds
Max Offer Price
as of Dec 04, 2025
$21.10
Turnover Percent in the Annual Report
as of Apr 30, 2025
138%
Size of Class (Millions)
as of Dec 04, 2025
$1,201.5 M
Asset Class
Multi Asset
Morningstar Category
Global Moderate Allocation
CUSIP
09258N778
Open to New Investors
Yes

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of Oct 31, 2025
1,744
Average Market Cap (Millions)
as of -
-
Fund Standard Deviation (3y)
as of Nov 30, 2025
9.49
Benchmark Standard Deviation (3y)
as of Nov 30, 2025
8.78
Best 3-Month Return Over the Last 3 Years
3 months ending Jan 31, 2024
11.47%
Effective Duration Fixed Income
as of Oct 31, 2025
8.20 yrs
Secondary Benchmark Sharpe Ratio (3y)
as of Nov 30, 2025
1.18
P/E Ratio
as of Oct 31, 2025
27.22
Fund Sharpe Ratio (3y)
as of Nov 30, 2025
0.78
Benchmark Sharpe Ratio (3y)
as of Nov 30, 2025
0.89
Effective Duration
as of Aug 30, 2024
2.26 yrs
Worst 3-Month Return Over the Last 3 Years
3 months ending Oct 31, 2023
-7.32%
Effective Duration Fixed Income and Cash
as of Oct 31, 2025
6.90 yrs
Secondary Benchmark Standard Deviation (3y)
as of Nov 30, 2025
11.91
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 0.80%
Net Expense Ratio 0.77%

Net Expense Ratio excluding Investment Related Expenses is 0.76%

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

Ratings

Ratings

Morningstar Medalist Rating

Morningstar Medalist Rating - BRONZE
Morningstar has awarded the Fund a Bronze medal. (Effective May 28, 2025)
Analyst-Driven % as of May 28, 2025
100.00
Data Coverage % as of May 28, 2025
100.00

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 Sep 30, 2025 out of 385, 4,124, 385, 164 and 385 Funds, respectively in Lipper's Flexible Portfolio Funds classification.

Holdings

Holdings

Name Market Value Weight (%) Shares
as of Oct 31, 2025
Name Weight (%)
NVIDIA CORP 2.96
MICROSOFT CORP 2.72
APPLE INC 2.56
ALPHABET INC CLASS C 2.30
AMAZON COM INC 2.01
Name Weight (%)
NIKKEI 225 (OSE) DEC 25 1.82
BROADCOM INC 1.34
META PLATFORMS INC CLASS A 1.11
TAIWAN SEMICONDUCTOR MANUFACTURING 1.09
ELI LILLY 0.91
as of Oct 31, 2025
Name Weight (%)
UMBS 30YR TBA(REG A) 0.68
IRELAND (GOVERNMENT) 2.6 10/18/2034 0.63
SWP: OIS 4.354000 26-APR-2034 SOF 0.41
UNITED KINGDOM OF GREAT BRITAIN AN 4.375 03/07/2030 0.39
SWP: OIS 4.503000 26-APR-2029 SOF 0.38
Name Weight (%)
FREED 1L NOTES 144A 12.5 11/30/2028 0.34
HR OTTAWA LP 144A 11 03/31/2031 0.31
VODAFONEZIGGO GROUP / ZIGGO BV TL-H 0.28
BEIGNET INVESTOR LLC 144A 6.581 05/30/2049 0.25
WEST BAY 1L 4A2 NOTES Prvt 11 02/06/2030 0.24
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 Oct 31, 2025

% of Market Value

Type Fund Benchmark Net
Allocations subject to change.
as of Oct 31, 2025

% of Market Value

Type Fund Benchmark Net
as of Oct 31, 2025

% of Market Value

Type Fund Benchmark Net
as of Oct 31, 2025

% of Market Value

Type Fund Benchmark Net
as of Oct 31, 2025

% 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
Senior Managing Director

Chief Investment Officer of Global Fixed Income

Russ Koesterich, CFA, JD
Managing Director

Russ Koesterich, CFA, JD, Managing Director and portfolio manager, is a member of the Global Allocation team and the lead portfolio manager of the GA Selects Model Portfolios.

Portfolio Manager

ESG Integration

ESG Integration

BlackRock considers many investment risks in our processes. In order to seek the best risk-adjusted returns for our clients, we manage material risks and opportunities that could impact portfolios, including financially material Environmental, Social and/or Governance (ESG) data or information, where available. See our Firm Wide ESG Integration Statement for more information on this approach and fund documentation for how these material risks are considered within this product, where applicable.

This fund does not seek to follow a sustainable, impact or ESG investment strategy. For more information regarding the fund's investment strategy, please see the fund's prospectus or, as applicable, shareholder report.

Literature

Literature

 

Funds related to MKLOX

Funds related to MKLOX

BIICX
Multi-Asset Income Fund
BIGPX
60/40 Target Allocation Fund
BSIIX
Strategic Income Opportunities Fund

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