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MDLOX BlackRock Global Allocation Inv A

  • Fund
  • MDLOX
  • Price as of: Aug 08, 2016
  • $18.39
  • + $0.02
  • + 0.11%
  • Category
  • Global Allocation

MDLOX - Profile

Vitals

  • YTD Return 3.1%
  • 3 Yr Annualized Return 3.4%
  • 5 Yr Annualized Return 3.9%
  • Net Assets $45.6 B
  • Holdings in Top 10 17.4%

52 WEEK LOW AND HIGH

$18.39
$16.50
$19.88

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.14%

SALES FEES

  • Front Load 5.25%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 84.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$1,000

IRA

$100

Investment Themes

CATEGORY

Global Allocation
  • Fund Type Open End Mutual Fund
  • Investment Style World Allocation

Distributions

  • YTD Total Return 3.1%
  • 3 Yr Annualized Total Return 1.5%
  • 5 Yr Annualized Total Return 2.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.01%
DIVIDENDS
  • Dividend Yield 0.3%
  • Dividend Distribution Frequency Semi-Annually

Fund Details

  • Legal Name BlackRock Global Allocation Fund
  • Fund Family Name BlackRock
  • Inception Date Oct 21, 1994
  • Shares Outstanding N/A
  • Share Class A
  • Currency USD
  • Domiciled Country United States
  • Manager Dan Chamby

Fund Description

The BlackRock Global Allocation Fund Investor A Shares (MDLOX) is an actively managed, globally allocated fund designed to provide a high total return. The fund is unconstrained in its approach and can shift among assets classes (stocks, bonds, cash and derivatives) and location (U.S. and foreign) at will. The types of securities and markets invested in will be based on the changing market and economic trends. MDLOX has no allocation mandates and can be 100% invested in any asset class at will.

Expenses before sales are low. While designed as a core offering, the major shift of the fund’s asset classes makes it more of a satellite holding for investors. The fund is internally managed by BlackRock.

MDLOX - Performance

Return Ranking - Trailing

Period MDLOX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 3.1% -25.7% 214.9% 60.22% 4
1 Yr -0.8% -35.4% 9.7% 59.41% 3
3 Yr 3.4% * -6.9% 8.9% 49.87% 3
5 Yr 3.9% * -6.2% 7.7% 57.28% 3
10 Yr 5.4% * 0.7% 7.5% 29.08% 2

* Annualized


Return Ranking - Calendar

Period MDLOX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -9.8% -30.7% 2.5% 74.82% 4
2014 -7.3% -8.1% 1.8% 85.71% 4
2013 8.1% 7.6% 11.0% 71.43% 3
2012 8.7% 6.6% 8.7% 28.57% 1
2011 -6.5% -6.7% -1.4% 85.71% 4

Total Return Ranking - Trailing

Period MDLOX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 3.1% -25.7% 214.9% 61.28% 4
1 Yr -6.0% -35.4% 9.7% 79.28% 4
3 Yr 1.5% * -7.5% 8.9% 71.83% 4
5 Yr 2.8% * -6.3% 7.7% 72.52% 4
10 Yr 4.8% * 0.7% 7.5% 40.31% 2

* Annualized


Total Return Ranking - Calendar

Period MDLOX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -9.8% -30.7% 2.5% 74.88% 4
2014 -6.6% -7.7% 5.2% 85.71% 4
2013 15.3% 14.4% 16.1% 71.43% 3
2012 10.9% 9.9% 16.1% 85.71% 4
2011 -4.2% -4.9% 3.7% 85.71% 4

NAV & Total Return History

MDLOX - Holdings

Filings data as of: Apr 30, 2016

Concentration Analysis

MDLOX Category Low Category High MDLOX % Rank Quintile
Net Assets 45.6 B 774 K 103 B 0.85% 1
Number of Holdings 877 2 3900 4.23% 2
Net Assets in Top 10 8.49 B -3.84 B 22.1 B 1.06% 1
Weighting of Top 10 17.4% 0.0% 191.7% 21.56% 4

Top 10 Holdings

  1. US Treasury Note 1.375% 6.33%
  2. US Treasury Note 2.43%
  3. US Treasury Note 1.625% 1.39%
  4. Mexico (United Mexican States) (Go 6.5 06/10/2021 0.99%
  5. Uk Conv Gilt 2 09/07/2025 0.83%
  6. Alphabet Inc C 0.89%
  7. Apple Inc 1.17%
  8. US Treasury Note 2% 0.79%
  9. Australia (Commonwealth Of) 5.75 05/15/2021 0.72%
  10. SPDR® Gold Shares 1.85%

Asset Allocation

Weighting Category Low Category High MDLOX % Rank Quintile
Stocks
51.87% -0.03% 95.90% 12.68% 3
Bonds
31.04% -162.60% 118.66% 12.47% 3
Cash
11.33% -88.95% 243.96% 11.63% 2
Other
4.10% -1.90% 33.13% 9.30% 2
Preferred Stocks
1.03% 0.00% 23.99% 4.44% 1
Convertible Bonds
0.62% 0.00% 46.29% 1.69% 1

Stock Sector Breakdown

Weighting Category Low Category High MDLOX % Rank Quintile
Financial Services
7.45% -1.55% 18.32% 13.08% 3
Technology
7.23% -1.42% 21.31% 9.98% 2
Healthcare
7.06% -2.40% 11.48% 6.43% 2
Industrials
5.76% 0.00% 14.09% 9.76% 3
Consumer Cyclical
4.88% 0.00% 14.57% 13.08% 3
Consumer Defense
4.67% -1.18% 19.04% 11.09% 3
Energy
3.90% -0.11% 26.46% 8.43% 2
Basic Materials
2.85% -0.11% 19.84% 9.09% 2
Communication Services
2.71% -0.71% 20.22% 10.86% 3
Real Estate
2.02% -0.70% 33.20% 13.08% 3
Utilities
1.53% 0.00% 19.90% 10.64% 3

Stock Geographic Breakdown

Weighting Category Low Category High MDLOX % Rank Quintile
US
28.67% -1.88% 61.85% 8.67% 2
Non US
23.20% -0.01% 88.58% 14.59% 3

Bond Sector Breakdown

Weighting Category Low Category High MDLOX % Rank Quintile
Government
23.15% -162.60% 93.78% 6.55% 2
Cash & Equivalents
11.33% -89.02% 236.99% 10.78% 2
Corporate
9.30% 0.00% 65.74% 13.95% 3
Municipal
0.10% 0.00% 9.55% 5.07% 2
Securitized
0.06% 0.00% 25.06% 15.01% 4
Derivative
-0.03% -9.39% 16.51% 5.92% 5

Bond Geographic Breakdown

Weighting Category Low Category High MDLOX % Rank Quintile
US
18.56% -162.60% 94.74% 12.68% 3
Non US
12.48% 0.00% 69.16% 10.15% 3

MDLOX - Expenses

Operational Fees

MDLOX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.14% 0.01% 19.72% 33.26% 2
Management Fee 0.75% 0.00% 1.70% 5.32% 4
12b-1 Fee 0.25% 0.00% 1.00% 4.28% 3
Administrative Fee N/A 0.00% 0.55% N/A N/A

Sales Fees

MDLOX Fees (% of AUM) Category Low Category High MDLOX Rank Quintile
Front Load 5.25% 0.15% 5.75% 2.94% 2
Deferred Load N/A 0.50% 5.50% N/A N/A

Trading Fees

MDLOX Fees (% of AUM) Category Low Category High MDLOX Rank Quintile
Max Redemption Fee N/A 0.11% 2.00% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

MDLOX Fees (% of AUM) Category Low Category High MDLOX Rank Quintile
Turnover 84.00% 0.00% 607.00% 6.68% 4

MDLOX - Distributions

Dividend Yield Analysis

MDLOX Category Low Category High MDLOX % Rank Quintile
Dividend Yield 0.3% 0.00% 2.17% 27.72% 2

Dividend Distribution Analysis

MDLOX Category Low Category High Category Mode
Dividend Distribution Frequency Semi-Annually Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

MDLOX Category Low Category High MDLOX % Rank Quintile
Net Income Ratio 1.01% -2.46% 7.59% 37.08% 3

Capital Gain Distribution Analysis

MDLOX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Daily Annually

MDLOX - Managers

Dan Chamby

Manager

Start Date

Dec 31, 2003

Tenure

12.59

Tenure Rank

0.6%

Dan Chamby, CFA , Managing Director and Portfolio Manager, is a member of BlackRock's Global Allocation team.Mr. Chamby's service with the firm dates back to 1993, including his years with Merrill Lynch Investment Managers (MLIM), which merged with BlackRock in 2006. He has been with the Global Allocation Fund since joining MLIM, most recently as a portfolio manager. Prior to joining MLIM, he was with Fujitsu Ltd. in their Tokyo headquarters as a research analyst. He began his investment career with Mellon Bank in 1982 as an Asia/Pacific credit analyst, and later managed the International Money Market desk.He earned a BA degree in political science and French literature from Duquesne University in 1982, and an MBA degree from the University of Pennsylvania in 1988. He is a CFA Charterholder.


Dennis W. Stattman

Manager

Start Date

Feb 03, 1989

Tenure

27.51

Tenure Rank

0.1%

Mr. Stattman, Senior Portfolio Manager, is head of the BlackRock Global Allocation team and a member of the Leadership Committee and Central Strategy Group. Mr. Stattman’s service with the firm dates back to 1989, including his years with Merrill Lynch Investment Managers (MLIM), which merged with BlackRock in 2006. Mr. Stattman joined Merrill Lynch Investment Managers in 1989 as an Associate Portfolio Manager of the Merrill Lynch Global Allocation Fund. Mr. Stattman was named Senior Portfolio Manager of the Merrill Lynch Global Allocation Fund in September 2002. From September of 1989 through February 1996, he was also Senior Portfolio Manager of the Merrill Lynch Special Value Fund. Prior to joining MLIM, Mr. Stattman served as the Director of Research for Meridian Management Company, and as Pension Investment Officer for the World Bank. Mr. Stattman earned a B.S. in Commerce from the University of Virginia in 1973 and an M.B.A. with honors from the University of Chicago in 1980. He is a CFA Charterholder.


Romualdo Roldan

Manager

Start Date

Oct 02, 2006

Tenure

9.84

Tenure Rank

1.1%

Romualdo Roldan, PhD, Managing Director and Portfolio Manager, is a member of BlackRock's Global Allocation team. Mr. Roldan's service with the firm dates back to 1998, including his years with Merrill Lynch Investment Managers (MLIM), which merged with BlackRock in 2006. At MLIM, he was a portfolio manager for various global portfolios, and was Head of Emerging Market Debt. Mr. Roldan joined the Global Allocation team in July of 2006. He has been a Managing Director of BlackRock, Inc. since 2008. Prior to joining MLIM in 1998, he was a senior vice president at Santander Investments, and earlier was a global economic analyst at JP Morgan Chase. Mr. Roldan began his investment career at Chase Econometrics, where he founded and managed the Emerging Markets Research Group. Mr. Roldan earned a BA degree in economics from the University of Chile in 1973, and a Ph.D in economics and econometrics from the University of Pennsylvania in 1978.


Tenure Analysis

Category Low

0.0

Category High

27.5

Category Average

5.04

Category Mode

1.6