Multi Asset

BOBAX

Global Allocation 529 Option

How To Buy
  • NAV as of Aug 23, 2023 $19.44
    52 WK: 17.29 - 20.14
  • 1 Day NAV Change as of Aug 23, 2023 0.18 (0.93%)
  • NAV Total Return as of Aug 23, 2023 YTD: 5.20%

Overview

An investment built for all generations

The BlackRock Global Allocation Fund seeks a rate of return competitive with that of global stocks at a lower level of volatility over a full market cycle by diversifying broadly across the world.

Unconstrained in search of opportunity

One of the most well-resourced multi-asset teams

Seeks returns competitive with global stocks with less volatility

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Monthly Global Allocation Insights

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Performance

Performance

Growth of Hypothetical $10,000

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Cum. Fund Perf. Since Inception: 100.90

Distributions

This fund does not have any distributions.

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Ex-Date Payable Date Record Date Total Distribution Income ST Cap Gains LT Cap Gains Return of Capital

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Year Total Distribution Income ST Cap Gains LT Cap Gains

Past distributions are not indicative of future distributions.
Click here, for the most recent distributions.



  1y 3y 5y 10y
Total Return (%) 7.06 4.60 4.77 4.79
Return w/ Sales Charge (%) 1.44 2.74 3.65 4.23
Benchmark (%) 10.08 5.35 5.46 6.15
Morningstar Category Avg. (%) 9.23 5.58 5.36 6.45
Morningstar Ranking 175/212 141/170 104/145 98/107
Morningstar Quartile 4 4 3 4
  YTD 1m 3m 1y 3y 5y 10y
Total Return (%) 6.71 3.14 2.87 7.06 14.45 26.25 59.68
Return w/ Sales Charge (%) 1.11 -2.28 -2.53 1.44 8.44 19.62 51.29
Benchmark (%) 9.12 3.23 3.22 10.08 16.92 30.48 81.59
Morningstar Category Avg. (%) 8.58 3.46 3.36 9.23 17.68 29.83 86.80
  2018 2019 2020 2021 2022
Total Return (%) -7.80 17.12 20.68 6.37 -16.15
Benchmark (%) -4.68 18.79 13.34 10.13 -15.59
Morningstar Category Avg. (%) -5.84 19.56 12.41 11.60 -15.72

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.

Key Facts

Key Facts

Size of Class (Millions) as of Aug 23, 2023 $265.9 M
Size of Fund (Millions) $327.3 M
Share Class launch date Oct 05, 2009
Asset Class MultiAsset
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
CUSIP 19452P602
Max Offer Price as of Aug 23, 2023 $20.52
Open to New Investors Yes
Expenses as of current program description

Portfolio Characteristics

Portfolio Characteristics

Average Market Cap (Millions) as of Jul 31, 2023 $ 0.0 M
Fund Sharpe Ratio (3y) as of Jul 31, 2023 0.23
Benchmark Sharpe Ratio (3y) as of Jul 31, 2023 0.33
Fund Standard Deviation (3y) as of Jul 31, 2023 12.40
Benchmark Standard Deviation (3y) as of Jul 31, 2023 12.46
This information must be preceded or accompanied by a current program description. For standardized performance, please see the Performance section above.

Fees

Fees

as of current program description
Gross Expense Ratio 1.19%
Net Expense Ratio 1.19%

Net Expense Ratio excluding Investment Related Expenses is 0.39%

  • Acquired Fund Fees and Expenses 0.80%
  • Interest expense 0.00%

Ratings

Holdings

Holdings

as of Jul 31, 2023
Name Weight (%)
UNITED STATES TREASURY 3.86
SPAIN (KINGDOM OF) 2.91
UNIFORM MBS 2.71
MICROSOFT CORPORATION 2.53
APPLE INC 2.08
Name Weight (%)
ALPHABET INC 1.69
AMAZON.COM INC 1.19
SPDR GOLD SHARES 1.18
BRAZIL FEDERATIVE REPUBLIC OF (GOVERNMENT) 0.97
UNITEDHEALTH GROUP INC 0.96
The portfolio holds a mutual fund and/or an ETF. Top holdings from the underlying vehicles are listed above for greater visibility

Exposure Breakdowns

Exposure Breakdowns

as of Jul 31, 2023

% of Market Value

Type Fund Benchmark Net
Allocations subject to change.
as of Jul 31, 2023

% of Market Value

Type Fund Benchmark Net
as of Jul 31, 2023

% of Market Value

Type Fund Benchmark Net
as of Jul 31, 2023

% 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.

Portfolio Managers

Portfolio Managers

Rick Rieder
Rick Rieder
Chief Investment Officer of Global Fixed Income

        

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Rick Rieder, Senior Managing Director, is BlackRock's Chief Investment Officer of Global Fixed Income, Head of the Fundamental Fixed Income business and Head of the Global Allocation Investment Team.

 

Responsible for roughly $2.4 trillion in assets, Mr. Rieder is a member of BlackRock’s Global Executive Committee (GEC) and its GEC Investment Sub-Committee. He also is Chairman of the firm-wide BlackRock Investment Council.

 

Mr. Rieder has served as Vice Chairman and member of the Borrowing Committee for the U.S. Treasury and member of the Federal Reserve’s Investment Advisory Committee on Financial Markets.

 

Before joining BlackRock in 2009, Mr. Rieder was President and Chief Executive Officer of R3 Capital Partners. From 1987 to 2008, he was with Lehman Brothers where he was 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 Goizueta Business School, and the University's Finance Committee, and is the Vice Chairman of the Investment Committee. Mr. Rieder is founder and chairman of the Goizueta Business School's BBA investment fund and community financial literacy outreach program, Graduation Generation. Mr. Rieder serves as Chairman and President of the Board of Education for North Star Academy's fourteen Charter Schools in Newark, NJ. He is on the Board of the BlackRock Foundation, the Board of Advisors for the Hospital for Special Surgery, and the Board of Big Brothers/Big Sisters of Newark and Essex County. Mr. Rieder formerly served on the Board and National Leadership Council of the Communities in Schools Educational Foundation in Atlanta, and Trustee for the U.S. Olympic Foundation. 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.

 

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Portfolio Manager

Literature

Literature

 

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USR-9694