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Name

As of 11/20/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

BLACKROCK GLOBAL ALLOCATION FUND, INC.

MDLOX | Fund

$19.46

$17.3 B

0.00%

1.13%

Vitals

YTD Return

10.1%

1 yr return

15.8%

3 Yr Avg Return

1.0%

5 Yr Avg Return

6.5%

Net Assets

$17.3 B

Holdings in Top 10

16.1%

52 WEEK LOW AND HIGH

$19.5
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.13%

SALES FEES

Front Load 5.25%

Deferred Load N/A

TRADING FEES

Turnover 58.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$1,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 11/20/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

BLACKROCK GLOBAL ALLOCATION FUND, INC.

MDLOX | Fund

$19.46

$17.3 B

0.00%

1.13%

MDLOX - Profile

Distributions

  • YTD Total Return 10.1%
  • 3 Yr Annualized Total Return 1.0%
  • 5 Yr Annualized Total Return 6.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.78%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency SemiAnnual

Fund Details

  • Legal Name
    BLACKROCK GLOBAL ALLOCATION FUND, INC.
  • Fund Family Name
    BlackRock
  • Inception Date
    Nov 16, 1994
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Russ Koesterich

Fund Description

The Fund invests in a portfolio of equity, debt and money market securities. Generally, the Fund’s portfolio will include both equity and debt securities. Equity securities include common stock, preferred stock, rights and warrants or securities or other instruments whose price is linked to the value of common stock. At any given time, however, the Fund may emphasize either debt securities or equity securities. In selecting equity investments, the Fund mainly seeks securities that Fund management believes are undervalued. The Fund may buy debt securities of varying maturities, debt securities paying a fixed or fluctuating rate of interest, and debt securities of any kind, including, by way of example, securities issued or guaranteed by the U.S. Government or its agencies or instrumentalities, by foreign governments or international agencies or supranational entities, or by domestic or foreign private issuers, debt securities convertible into equity securities, inflation-indexed bonds, structured notes, credit-linked notes, loan assignments and loan participations. In addition, the Fund may invest up to 35% of its total assets in “junk bonds,” corporate loans and distressed securities. The Fund may also invest in Real Estate Investment Trusts (“REITs”) and securities related to real assets (like real estate- or precious metals-related securities) such as stock, bonds or convertible bonds issued by REITs or companies that mine precious metals. The Fund may also purchase convertible securities.
When choosing investments, Fund management considers various factors, including opportunities for equity or debt investments to increase in value, expected dividends and interest rates. The Fund generally seeks diversification across markets, industries and issuers as one of its strategies to reduce volatility. The Fund has no geographic limits on where it may invest. This flexibility allows Fund management to look for investments in markets around the world, including emerging markets, that it believes will provide the best asset allocation to meet the Fund’s objective. The Fund may invest in the securities of companies of any market capitalization.
Generally, the Fund may invest in the securities of corporate and governmental issuers located anywhere in the world. The Fund may emphasize foreign securities when Fund management expects these investments to outperform U.S. securities. When choosing investment markets, Fund management considers various factors, including economic and political conditions, potential for economic growth and possible changes in currency exchange rates. In addition to investing in foreign securities, the Fund actively manages its exposure to foreign currencies through the use of forward currency contracts and other currency derivatives. The Fund may own foreign cash equivalents or foreign bank deposits as part of the Fund’s investment strategy. The Fund will also invest in non-U.S. currencies. The Fund may underweight or overweight a currency based on the Fund management team’s outlook.
The Fund’s composite Reference Benchmark has at all times since the Fund’s formation included a 40% weighting in non-U.S. securities. The Reference Benchmark is an unmanaged weighted index comprised as follows: 36% of the S&P 500® Index; 24% FTSE World (ex U.S.) Index; 24% ICE BofA Current 5-Year U.S. Treasury Index; and 16% FTSE Non-U.S. Dollar World Government Bond Index. Throughout its history, the Fund has maintained a weighting in non-U.S. securities, often exceeding the 40% Reference Benchmark weighting and rarely falling below this allocation. Under normal circumstances, the Fund will continue to allocate a substantial amount (approximately 40% or more — unless market conditions are not deemed favorable by BlackRock, in which case the Fund would invest at least 30%) of its total assets in securities of (i) foreign government issuers, (ii) issuers organized or located outside the United States, (iii) issuers which primarily trade in a market located outside the United States, or (iv) issuers doing a substantial amount of business outside the United States, which the Fund considers to be companies that derive at least 50% of their revenue or profits from business outside the United States or have at least 50% of their sales or assets outside the United States. The Fund will allocate its assets among various regions and countries including the United States (but in no less than three different countries). For temporary defensive purposes the Fund may deviate very substantially from the allocation described above.
The Fund may use derivatives, including options, futures, swaps (including, but not limited to, total return swaps that may be referred to as contracts for difference) and forward contracts, both to seek to increase the return of the Fund
and to hedge (or protect) the value of its assets against adverse movements in currency exchange rates, interest rates and movements in the securities markets. The Fund may invest in indexed securities and inverse securities.
The Fund may seek to provide exposure to the investment returns of real assets that trade in the commodity markets through investment in commodity-linked derivative instruments and investment vehicles such as exchange traded funds that invest exclusively in commodities and are designed to provide this exposure without direct investment in physical commodities. The Fund may also gain exposure to commodity markets by investing up to 25% of its total assets in BlackRock Cayman Global Allocation Fund I, Ltd. (the “Cayman Subsidiary”), a wholly owned subsidiary of the Fund formed in the Cayman Islands, which invests primarily in commodity-related instruments. The Cayman Subsidiary may also hold cash and invest in other instruments, including fixed income securities, either as investments or to serve as margin or collateral for the Cayman Subsidiary’s derivative positions. The Cayman Subsidiary (unlike the Fund) may invest without limitation in commodity-related instruments.
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MDLOX - Performance

Return Ranking - Trailing

Period MDLOX Return Category Return Low Category Return High Rank in Category (%)
YTD 10.1% -23.7% 16.4% 68.67%
1 Yr 15.8% -8.9% 48.3% 85.41%
3 Yr 1.0%* -2.2% 16.4% 23.39%
5 Yr 6.5%* -0.7% 13.4% 35.51%
10 Yr 5.2%* 0.9% 11.8% 53.48%

* Annualized

Return Ranking - Calendar

Period MDLOX Return Category Return Low Category Return High Rank in Category (%)
2023 11.1% -40.8% 20.6% 83.59%
2022 -20.9% -21.0% 24.5% 7.74%
2021 -3.4% -24.2% 27.8% 68.22%
2020 12.1% -23.1% 11.7% 59.20%
2019 11.0% -100.0% 20.6% 66.21%

Total Return Ranking - Trailing

Period MDLOX Return Category Return Low Category Return High Rank in Category (%)
YTD 10.1% -23.7% 16.4% 67.60%
1 Yr 15.8% -12.8% 48.3% 96.19%
3 Yr 1.0%* -3.4% 16.4% 50.00%
5 Yr 6.5%* -1.1% 13.4% 62.47%
10 Yr 5.2%* 0.9% 11.8% 64.92%

* Annualized

Total Return Ranking - Calendar

Period MDLOX Return Category Return Low Category Return High Rank in Category (%)
2023 12.3% -40.8% 20.6% 83.59%
2022 -16.0% -21.0% 24.5% 7.74%
2021 6.2% -24.2% 27.8% 70.33%
2020 20.8% -23.1% 11.7% 24.07%
2019 17.2% -2.9% 23.1% 48.23%

NAV & Total Return History

MDLOX - Holdings

Concentration Analysis

MDLOX Category Low Category High MDLOX % Rank
Net Assets 17.3 B 1.12 M 110 B 10.58%
Number of Holdings 2575 2 10961 1.04%
Net Assets in Top 10 2.77 B -31.7 M 22 B 12.53%
Weighting of Top 10 16.07% 10.8% 100.0% 91.57%

Top 10 Holdings

  1. Microsoft Corp 2.85%
  2. NVIDIA Corp 2.14%
  3. BlackRock Liquidity Funds: T-Fund, Institutional Shares 2.10%
  4. Amazon.com Inc 1.89%
  5. Apple Inc 1.72%
  6. Alphabet Inc 1.56%
  7. BlackRock Cash Funds: Institutional, SL Agency Shares 1.26%
  8. Mastercard Inc 0.92%
  9. UnitedHealth Group Inc 0.85%
  10. Adobe Inc 0.79%

Asset Allocation

Weighting Return Low Return High MDLOX % Rank
Stocks 		66.50% -45.72% 98.42% 20.25%
Bonds 		26.24% -39.76% 93.84% 54.70%
Cash 		6.44% -97.12% 185.58% 91.65%
Preferred Stocks 		1.77% -0.03% 14.00% 32.36%
Convertible Bonds 		0.13% 0.00% 25.49% 67.22%
Other 		-0.95% -1.25% 197.12% 21.71%

Stock Sector Breakdown

Weighting Return Low Return High MDLOX % Rank
Technology 		19.47% 0.00% 39.48% 25.05%
Healthcare 		14.01% 0.00% 30.30% 20.17%
Consumer Cyclical 		14.00% 0.00% 20.84% 9.77%
Financial Services 		10.58% 0.00% 30.34% 73.46%
Industrials 		9.07% 0.09% 32.39% 28.66%
Energy 		8.73% 0.00% 38.61% 43.74%
Communication Services 		7.98% 0.00% 28.59% 21.02%
Basic Materials 		7.76% 0.00% 60.23% 33.12%
Consumer Defense 		4.43% 0.00% 31.85% 80.04%
Utilities 		2.29% 0.00% 40.29% 62.21%
Real Estate 		1.68% 0.00% 90.14% 84.08%

Stock Geographic Breakdown

Weighting Return Low Return High MDLOX % Rank
US 		45.35% -4.82% 95.75% 6.89%
Non US 		21.15% -46.69% 57.06% 67.22%

Bond Sector Breakdown

Weighting Return Low Return High MDLOX % Rank
Corporate 		42.71% 0.00% 99.90% 23.38%
Securitized 		24.80% 0.00% 83.28% 13.99%
Government 		16.28% 0.00% 98.64% 62.84%
Cash & Equivalents 		4.07% 0.10% 100.00% 87.06%
Municipal 		0.32% 0.00% 31.28% 51.15%
Derivative 		-2.41% 0.00% 41.88% 34.86%

Bond Geographic Breakdown

Weighting Return Low Return High MDLOX % Rank
US 		14.47% -177.12% 87.76% 60.75%
Non US 		11.77% -39.00% 137.36% 35.07%

MDLOX - Expenses

Operational Fees

MDLOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.13% 0.16% 2.71% 50.73%
Management Fee 0.75% 0.00% 1.70% 63.17%
12b-1 Fee 0.25% 0.00% 1.00% 27.09%
Administrative Fee N/A 0.01% 0.70% N/A

Sales Fees

MDLOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.25% 0.00% 5.75% 54.02%
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

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

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 Return Low Category Return High Rank in Category (%)
Turnover 58.00% 0.00% 441.00% 50.24%

MDLOX - Distributions

Dividend Yield Analysis

MDLOX Category Low Category High MDLOX % Rank
Dividend Yield 0.00% 0.00% 10.92% 47.19%

Dividend Distribution Analysis

MDLOX Category Low Category High Category Mod
Dividend Distribution Frequency SemiAnnual Annually Monthly Monthly

Net Income Ratio Analysis

MDLOX Category Low Category High MDLOX % Rank
Net Income Ratio 0.78% -5.20% 6.33% 76.25%

Capital Gain Distribution Analysis

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

Distributions History

View More +

MDLOX - Fund Manager Analysis

Managers

Russ Koesterich

Start Date

Tenure

Tenure Rank

Jan 01, 2017

5.41

5.4%

Russ Koesterich, CFA, JD, Managing Director and portfolio manager, is a member of the Global Allocation team as well as the lead portfolio manager on the GA Selects model portfolio strategies. Mr. Koesterich's service with the firm dates back to 2005, including his years with Barclays Global Investors (BGI), which merged with BlackRock in 2009. He joined the BlackRock Global Allocation team in 2016 as Head of Asset Allocation and was named a portfolio manager of the Fund in 2017. Previously, he was BlackRock's Global Chief Investment Strategist and Chairman of the Investment Committee for the Model Portfolio Solutions business, and formerly served as the Global Head of Investment Strategy for scientific active equities and as senior portfolio manager in the US Market Neutral Group. Prior to joining BGI, Mr. Koesterich was the Chief North American Strategist at State Street Bank and Trust. He began his investment career at Instinet Research Partners where he occupied several positions in research, including Director of Investment Strategy for both U.S. and European research, and Equity Analyst. He is a frequent contributor to financials news media and the author of three books, including his most recent ""Portfolio Construction for Today's Markets. Mr. Koesterich earned a BA in history from Brandeis University, a JD from Boston College and an MBA from Columbia University. He is a CFA Charterholder.

David Clayton

Start Date

Tenure

Tenure Rank

Jan 01, 2017

5.41

5.4%

David Clayton, CFA, JD, Managing Director and portfolio manager, is a member of the Global Allocation team. Mr. Clayton joined the BlackRock Global Allocation team in 2010 and was named a portfolio manager of the Fund in 2017. Prior to his current role, he was head of portfolio oversight, as well as a senior investor and investment group leader, on the Fund, primarily responsible for coverage of the energy, real estate, autos, industrials, materials and utilities sectors. Prior to joining BlackRock, he was Of Counsel in the Financial Restructuring Group at Milbank, Tweed, Hadley & McCloy LLP. Previously he was a Managing Director and analyst with The Blackstone Group, responsible for distressed and special situations investments across multiple industries. Prior to joining Blackstone, Mr. Clayton spent six years at Merrill Lynch Investment Managers (MLIM), initially as an attorney specializing in corporate finance transactions and restructurings, and most recently as a Vice President and analyst in the Global High Yield Bond & Bank Debt Group. Mr. Clayton began his career as an attorney specializing in corporate finance transactions, first at Blake, Cassels & Graydon in Toronto and then at Milbank in New York. Mr. Clayton earned a BA degree, with honors, in economics from the University of Western Ontario in 1990 and MBA and LLB degrees from Dalhousie University in 1994. He is a CFA Charterholder.

Rick Rieder

Start Date

Tenure

Tenure Rank

Apr 01, 2019

3.17

3.2%

Rick Rieder, Managing Director, is BlackRock's Global Chief Investment Officer of Fixed Income, and Co-head of BlackRock's Global Fixed Income platform, a member of BlackRock's Global Operating Committee and Chairman of the BlackRock firm-wide Investment Council. Before joining BlackRock in 2009, Mr. Rieder was President and Chief Executive Officer of R3 Capital Partners. He served as Vice Chairman and member of the Borrowing Committee for the U.S. Treasury. Mr. Rieder is currently a member of the Federal Reserve Bank of New York's Investment Advisory Committee on Financial Markets, and was inducted into the Fixed Income Analysts Society Fixed Income Hall of Fame in 2013, and was nominated for Fixed Income Manager of the Year by Institutional Investor for 2014. From 1987 to 2008, Mr. Rieder was with Lehman Brothers, most recently as head of the firm's Global Principal Strategies team, a global proprietary investment platform. He was also global head of the firm's credit businesses, Chairman of the Corporate Bond and Loan Capital Commitment Committee, and a member of the Board of Trustees for the corporate pension fund. Before joining Lehman Brothers, Mr. Rieder was a credit analyst at SunTrust Banks in Atlanta. Mr. Rieder earned a BBA degree in Finance from Emory University in 1983 and an MBA degree from The Wharton School of the University of Pennsylvania in 1987. He is a member of the board of Emory University, Emory's Business School, and the University's Investment Committee and is the Vice Chairman of the Finance Committee. Mr. Rieder is founder and chairman of the business school's BBA investment fund and community financial literacy program. Mr. Rieder serves as Chairman of the Board of North Star Academy's eleven Charter Schools in Newark, New Jersey and is the Founder and Chairman of the Board of Graduation Generation Public School Collaboration in Atlanta. He is a Trustee for the US Olympic Committee, and on the board of advisors for the Hospital for Special Surgery. He serves on the National Leadership Council of the Communities in Schools Educational Foundation and on the board of Big Brothers/Big Sisters of Newark and Essex County Mr. Rieder was honored at the Choose Success Awards ceremony in Atlanta in 2015 for his dedication to public education in Atlanta through CIS and Graduation Generation.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.03 30.27 6.52 9.25

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