On April 16, BlackRock announced portfolio manager David Clayton will retire on June 30, 2024. Clayton joined the global allocation team in 2010 and has been a named manager since 2017. His primary focus was leading the fundamental equity sleeve of the portfolio. Sarah Thompson, a member of the global allocation team since 2018, will take over his duties on the fund. Her background is primarily in credit research; before joining the global allocation team she spent five years as BlackRock’s global director of credit research. As part of the transition, Thompson will lead a newly formed strategic investment group with three fundamental sector equity leaders. We don’t expect the changing of the guard to alter the fundamental equity selection process. The continued presence of lead portfolio manager Rick Rieder and his senior investment team of Russ Koesterich, Kate Moore, Randy Berkowitz, and Thompson continue to support a High rating for People.
BlackRock Global Allocation Inv C MCLOX
- NAV / 1-Day Return 16.01 / +0.76 %
- Total Assets 16.9 Bil
-
Adj. Expense Ratio
- Expense Ratio 1.880%
- Distribution Fee Level Average
- Share Class Type Level Load
- Category Global Allocation
- Investment Style Large Growth
- Credit Quality / Interest Rate Sensitivity —
- Status Open
- TTM Yield 0.49%
- Turnover 174%
USD | NAV as of Apr 22, 2024 | 1-Day Return as of Apr 22, 2024, 11:30 PM GMT+0
Morningstar’s Analysis MCLOX
Will MCLOX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 14.0
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
Microsoft Corp | 3.17 | 507.7 Mil | Technology |
Amazon.com Inc | 1.89 | 302.0 Mil | Consumer Cyclical |
Apple Inc | 1.72 | 276.0 Mil | Technology |
Alphabet Inc Class C | 1.40 | 224.9 Mil | Communication Services |
Spain (Kingdom of) 2.55% | 1.24 | 199.1 Mil | Government |
Umbs 30Yr Tba(Reg A) | 1.24 | 199.0 Mil | Cash and Equivalents |
ASML Holding NV | 1.01 | 162.3 Mil | Technology |
NVIDIA Corp | 0.95 | 152.6 Mil | Technology |
Mastercard Inc Class A | 0.91 | 146.1 Mil | Financial Services |
JPMorgan Chase & Co | 0.86 | 138.0 Mil | Financial Services |