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MDLOX BlackRock Global Allocation Inv A

  • Fund
  • MDLOX
  • Price as of: Apr 25, 2017
  • $19.22
  • + $0.07
  • + 0.37%
  • Category
  • Global Allocation

MDLOX - Profile

Vitals

  • YTD Return 5.7%
  • 3 Yr Annualized Return 2.8%
  • 5 Yr Annualized Return 4.9%
  • Net Assets $40.2 B
  • Holdings in Top 10 17.2%

52 WEEK LOW AND HIGH

$19.22
$17.30
$19.22

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.15%

SALES FEES

  • Front Load 5.25%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 131.00%

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 5.7%
  • 3 Yr Annualized Total Return 0.9%
  • 5 Yr Annualized Total Return 3.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.10%
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 5.7% -25.7% 12.9% 35.91% 2
1 Yr 8.9% -35.4% 31.8% 37.55% 2
3 Yr 2.8% * -9.6% 9.0% 38.00% 2
5 Yr 4.9% * -5.3% 8.9% 44.64% 3
10 Yr 4.9% * -4.2% 6.8% 24.50% 2

* Annualized


Return Ranking - Calendar

Period MDLOX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 1.9% -30.2% 210.7% 59.55% 4
2015 -9.8% -30.7% 2.7% 68.60% 4
2014 -7.3% -25.2% 10.0% 70.47% 5
2013 8.1% -12.0% 23.8% 38.81% 3
2012 8.7% -11.2% 18.2% 46.28% 3

Total Return Ranking - Trailing

Period MDLOX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 5.7% -25.7% 12.9% 35.91% 2
1 Yr 3.2% -35.4% 40.9% 69.10% 4
3 Yr 0.9% * -8.4% 12.6% 67.00% 4
5 Yr 3.8% * -4.6% 8.9% 59.52% 3
10 Yr 4.3% * -2.2% 6.8% 38.00% 2

* Annualized


Total Return Ranking - Calendar

Period MDLOX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 1.9% -30.2% 210.8% 65.45% 4
2015 -1.3% -29.2% 7.0% 18.37% 2
2014 2.1% -13.1% 18.1% 55.58% 3
2013 18.9% -9.8% 49.2% 21.47% 2
2012 13.9% -17.9% 30.6% 52.10% 3

NAV & Total Return History

MDLOX - Holdings

Filings data as of: Oct 31, 2016

Concentration Analysis

MDLOX Category Low Category High MDLOX % Rank Quintile
Net Assets 40.2 B 774 K 104 B 1.27% 1
Number of Holdings 799 2 5516 4.44% 2
Net Assets in Top 10 7.36 B -18.9 B 19.4 B 1.27% 1
Weighting of Top 10 17.2% 0.0% 947.3% 21.99% 5

Top 10 Holdings

  1. US Treasury Note 1.25% 5.67%
  2. US Treasury Note 1.5% 1.49%
  3. US Treasury Note 1.23%
  4. Mexico (United Mexican States) (Go 6.5 06/10/2021 0.88%
  5. Australia (Commonwealth Of) 5.75 07/15/2022 0.87%
  6. Apple Inc 1.67%
  7. Uk Conv Gilt 2 09/07/2025 0.85%
  8. SPDR® Gold Shares 2.62%
  9. Alphabet Inc C 1.03%
  10. Facebook Inc A 0.84%

Asset Allocation

Weighting Category Low Category High MDLOX % Rank Quintile
Stocks
55.08% -13.21% 99.53% 11.21% 3
Bonds
27.56% -647.46% 95.27% 15.86% 3
Other
9.41% -1.54% 55.50% 4.23% 1
Cash
6.71% -82.89% 710.62% 13.32% 3
Preferred Stocks
0.94% -0.24% 18.06% 4.02% 1
Convertible Bonds
0.30% 0.00% 24.44% 2.96% 1

Stock Sector Breakdown

Weighting Category Low Category High MDLOX % Rank Quintile
Financial Services
8.27% -1.55% 20.82% 13.44% 3
Technology
8.23% -1.42% 21.86% 9.25% 2
Consumer Cyclical
7.46% -0.25% 16.06% 7.05% 2
Industrials
6.67% 0.00% 15.94% 7.71% 2
Healthcare
6.61% -2.40% 16.19% 6.39% 2
Energy
3.81% -0.11% 22.57% 9.91% 2
Consumer Defense
3.23% -1.18% 18.82% 15.42% 4
Basic Materials
2.80% -0.11% 19.84% 10.79% 3
Communication Services
2.77% -0.71% 18.76% 8.81% 2
Real Estate
2.09% -0.70% 34.28% 13.44% 3
Utilities
1.21% 0.00% 21.00% 14.10% 3

Stock Geographic Breakdown

Weighting Category Low Category High MDLOX % Rank Quintile
US
29.73% -71.27% 87.69% 9.30% 2
Non US
25.35% 0.00% 88.58% 13.74% 3

Bond Sector Breakdown

Weighting Category Low Category High MDLOX % Rank Quintile
Government
21.07% -676.06% 70.19% 9.94% 2
Corporate
7.02% 0.00% 54.27% 16.49% 4
Cash & Equivalents
6.71% -74.64% 712.42% 13.32% 3
Securitized
0.69% 0.00% 31.29% 12.26% 3
Derivative
0.00% -9.39% 10.71% 4.86% 4
Municipal
0.00% 0.00% 9.55% 8.25% 5

Bond Geographic Breakdown

Weighting Category Low Category High MDLOX % Rank Quintile
US
15.55% -665.14% 68.07% 15.22% 3
Non US
12.01% 0.00% 56.35% 11.63% 3

MDLOX - Expenses

Operational Fees

MDLOX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.15% 0.01% 19.72% 32.84% 2
Management Fee 0.75% 0.00% 1.70% 4.47% 4
12b-1 Fee 0.25% 0.00% 1.00% 3.98% 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% 2.91% 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 131.00% 0.00% 1837.00% 4.53% 5

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 1.10% -2.25% 9.28% 35.59% 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

13.26

Tenure Rank

0.6%

Dan Chamby, CFA , Managing Director and Portfolio Manager, is a member of BlackRock's Global Allocation team within BlackRock’s Multi-Asset Strategies Group.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. Mr. Chamby joined Merrill Lynch Investment Managers in 1993 as a research analyst. 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

28.17

Tenure Rank

0.1%

Dennis Stattman, CFA, Managing Director and portfolio manager, is head of BlackRock’s Global Allocation team within BlackRock’s Multi-Asset Strategies Group and a member of BlackRock’s Global Operating and Leadership Committees. 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. Mr. Stattman was named Senior Portfolio Manager in September 2002. 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 BA degree in commerce from the University of Virginia in 1973, and an MBA degree, with honors, from the University of Chicago in 1980. He is a CFA Charterholder.


Russ Koesterich

Manager

Start Date

Jan 01, 2017

Tenure

0.24

Tenure Rank

10.2%

Managing Director of BlackRock, Inc., and Chief Investment Strategist for BlackRock, Inc. since 2012; Chairman of the Investment Committee for BlackRock’s Model Portfolio Solutions business since 2011; founding member of the Blackrock Investment Institute since 2011; employee of BlackRock, Inc. and legacy Barclays Global Investors since 2005.


David Clayton

Manager

Start Date

Jan 01, 2017

Tenure

0.24

Tenure Rank

10.2%

Jointly and primarily responsible for the management of the Fund’s portfolio, including setting the Fund’s overall investment strategy and overseeing the management of the Fund.


Kent Hogshire

Manager

Start Date

Jan 01, 2017

Tenure

0.24

Tenure Rank

10.2%

Jointly and primarily responsible for the management of the Fund’s portfolio, including setting the Fund’s overall investment strategy and overseeing the management of the Fund.


Tenure Analysis

Category Low

0.0

Category High

28.2

Category Average

5.13

Category Mode

2.3