Multi Asset

MKLOX

Global Allocation Fund

Overview

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Performance

Performance

  1y 3y 5y 10y Incept.
22.66 2.77 7.76 5.74 9.23
Benchmark (%) 22.87 4.46 7.55 6.61 7.46
FTSE World Index 32.50 9.28 13.26 - -
Morningstar Category Avg. (%) 19.88 3.79 6.18 4.82 -
Morningstar Ranking 128/354 242/340 65/327 - -
Morningstar Quartile 2 3 1 1 -
Lipper Ranking 140/431 269/400 101/353 - -
Lipper Quartile 2 3 2 - -
  YTD 1m 3m 1y 3y 5y 10y Incept.
11.56 1.69 5.01 22.66 8.55 45.34 74.70 2,229.14
Benchmark (%) 12.15 1.63 6.27 22.87 14.00 43.87 89.63 1,199.80
Morningstar Category Avg. (%) 11.06 1.63 5.79 19.88 11.80 34.97 60.06 -
FTSE World Index 18.68 1.80 6.38 32.50 30.51 86.36 - -
  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.
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Key Facts

Key Facts

Size of Fund (Millions)
as of Oct 11, 2024
$17,230.6 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
Morningstar Category
Global Allocation
CUSIP
09258N778
Open to New Investors
Yes
Size of Class (Millions)
as of Oct 11, 2024
$1,213.3 M
Asset Class
Multi Asset
Distribution Frequency
Annual
Lipper Classification
Flexible Portfolio Funds
Max Offer Price
as of Oct 11, 2024
$19.81
Turnover Percent in the Annual Report
as of Apr 30, 2024
173%

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of Sep 30, 2024
1,482
Average Market Cap (Millions)
as of -
-
Fund Standard Deviation (3y)
as of Sep 30, 2024
12.18
Benchmark Standard Deviation (3y)
as of Sep 30, 2024
12.58
Best 3-Month Return Over the Last 3 Years
3 months ending Jan 31, 2024
11.47%
Effective Duration Fixed Income
as of Sep 30, 2024
6.81 yrs
Secondary Benchmark Sharpe Ratio (3y)
as of Sep 30, 2024
0.41
P/E Ratio
as of Sep 30, 2024
23.41
Fund Sharpe Ratio (3y)
as of Sep 30, 2024
0.00
Benchmark Sharpe Ratio (3y)
as of Sep 30, 2024
0.14
Effective Duration
as of Sep 30, 2024
2.06 yrs
Worst 3-Month Return Over the Last 3 Years
3 months ending Jun 30, 2022
-10.18%
Effective Duration Fixed Income and Cash
as of Sep 30, 2024
5.73 yrs
Secondary Benchmark Standard Deviation (3y)
as of Sep 30, 2024
16.94
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 0.79%
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

Morningstar Rating

4 stars
Overall Morningstar Rating for Global Allocation Fund, as of Sep 30, 2024 rated against 340 Global 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 Sep 30, 2024 out of 396, 4,489, 400, 211 and 400 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 16, 2024)
Analyst-Driven % as of May 16, 2024
100.00
Data Coverage % as of May 16, 2024
100.00

Holdings

Holdings

Name Market Value Weight (%) Shares
as of Sep 30, 2024
Name Weight (%)
NIKKEI 225 (OSE) DEC 24 2.87
MICROSOFT CORP 2.75
NVIDIA CORP 2.16
AMAZON COM INC 1.66
APPLE INC 1.58
Name Weight (%)
SPDR S&P ETF TRUST OCT C @ 580 1.36
ALPHABET INC CLASS C 1.36
SPDR S&P ETF TRUST OCT C @ 575 1.13
UNITEDHEALTH GROUP INC 0.90
META PLATFORMS INC CLASS A 0.87
as of Sep 30, 2024
Name Weight (%)
UMBS 30YR TBA(REG A) 0.64
SWP: OIS 4.354000 26-APR-2034 SOF 0.59
GREEN PLAINS - SECURED NOTES 144A 11.75 02/08/2026 0.52
TREASURY (CPI) NOTE 2.125 04/15/2029 0.50
SWP: OIS 4.503000 26-APR-2029 SOF 0.48
Name Weight (%)
TREASURY NOTE 4.625 09/30/2028 0.45
ISHARES BROAD USD HIGH YIELD CORPO 0.37
SPAIN (KINGDOM OF) 3.45 10/31/2034 0.36
TREASURY NOTE 4.25 12/31/2024 0.36
FREED CORP 4A2 144A 12 11/30/2028 0.33
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 Sep 30, 2024

% of Market Value

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

% of Market Value

Type Fund Benchmark Net
as of Sep 30, 2024

% of Market Value

Type Fund Benchmark Net
as of Sep 30, 2024

% of Market Value

Type Fund Benchmark Net
as of Sep 30, 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
Chief Investment Officer of Global Fixed Income

        

Russ Koesterich, CFA, JD

  

Portfolio Manager

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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