| Morningstar Fund Report | 03/04/2025 |  |
BlackRock Global Funds - Global Allocation Fund D2 (EUR) |
| Performance History | 31/03/2025 |
| Growth of 1,000 (GBP) | Advanced Graph |
 | Fund | 8.6 | -5.5 | 6.9 | 11.6 | -4.2 |
| +/-Cat | 0.3 | -2.1 | 2.8 | 2.2 | -1.6 |
| +/-B’mrk | 0.1 | -2.9 | -0.5 | 0.6 | -1.8 |
| Category: USD Moderate Allocation | ||||||
| Category Benchmark: Morningstar EAA USD Mod Tgt... | ||||||
| Key Stats | ||
| NAV 02/04/2025 | EUR 82.88 | |
| Day Change | 0.03% | |
| Morningstar Category™ | USD Moderate Allocation | |
| ISIN | LU0523293024 | |
| Fund Size (Mil) 31/03/2025 | USD 14956.36 | |
| Share Class Size (Mil) 02/04/2025 | USD 1132.51 | |
| Max Initial Charge | 5.26% | |
| Ongoing Charge 04/02/2025 | 1.02% | |
| Morningstar Research |
| Analyst Report | 16/05/2024 Jason Kephart, Director Morningstar, Inc |
BlackRock Global Allocation's skillful management team has only been in its current form for a few years, but it has made impressive improvements to the strategy’s process that should serve investors well going forward. Its Process rating earns... | |
| Click here to read this analyst report on the underlying fund. | |
| Morningstar Pillars | |
|---|---|
| People | 24 |
| Parent | 24 |
| Process | 25 |
| Performance | |
| Price | |
| Investment Objective: BlackRock Global Funds - Global Allocation Fund D2 (EUR) |
| The Fund seeks to maximise total return. The Fund invests globally in equity, debt and short term securities, of both corporate and governmental issuers, with no prescribed limits. In normal market conditions the Fund will invest at least 70% of its total assets in the securities of corporate and governmental issuers. The Fund generally will seek to invest in securities that are, in the opinion of the Investment Adviser, undervalued. The Fund may also invest in the equity securities of small and emerging growth companies. The Fund may also invest a portion of its debt portfolio in high yield fixed income transferable securities. Currency exposure is flexibly managed. |
| Returns | |||||||||||||
|
| Management | ||
Manager Name Start Date | ||
Rick Rieder 01/04/2019 | ||
Russ Koesterich 01/01/2017 | ||
| Click here to see others | ||
Inception Date 12/11/2007 | ||
| Category Benchmark | |
| Fund Benchmark | Morningstar Benchmark |
| 24% FTSE World Ex US TR USD , 16% FTSE WGBI NonUSD USD , 24% ICE BofA Current 5-Y US Trsy TR USD , 36% S&P 500 TR USD | Morningstar EAA USD Mod Tgt Alloc NR USD |
| Portfolio Profile for BlackRock Global Funds - Global Allocation Fund D2 (EUR) | 28/02/2025 |
| ||||||||||||||||||||||||||||||||||||||||||
 | ||||||||||||||||||||||||||||||||||||||||||
| ||||||||||||||||||||||||||||||||||||||||||
| ||||||||||||||||||||||||||||||||||||||||||
| ||||||||||||||||||||||||||||||||||||||||||
| ||||||||||||||||||||||||||||||||||||||||||
| ||||||||||||||||||||||||||||||||||||||||||
| Growth Of 1000 (GBP) | 31/03/2025 |
|
| Annual Returns (GBP) | 31/03/2025 | |||||||
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 31/03 | |
| Price Return | -2.62 | 13.22 | 16.54 | 8.63 | -5.48 | 6.91 | 11.62 | -4.24 |
| +/- Category | -1.82 | 2.77 | 12.36 | 0.33 | -2.14 | 2.80 | 2.23 | -1.57 |
| +/- Category Index | - | - | - | 0.11 | -2.94 | -0.49 | 0.59 | -1.78 |
| % Rank in Category | 73 | 21 | 2 | 54 | 67 | 19 | 24 | 84 |
| Trailing Returns (GBP) | 02/04/2025 | ||
| Total Returns | +/- Category | +/- Category Index | |
| 1 Day | 0.03 | -0.25 | 0.14 |
| 1 Week | -1.62 | -0.62 | -0.73 |
| 1 Month | -4.37 | -0.19 | -0.39 |
| 3 Months | -4.47 | -1.77 | -1.07 |
| 6 Months | 1.08 | -0.34 | -1.21 |
| YTD | -3.42 | -0.72 | -1.14 |
| 1 Year | 1.52 | -0.14 | -2.21 |
| 3 Years Annualised | 4.16 | 0.95 | -0.74 |
| 5 Years Annualised | 8.52 | 2.50 | 1.52 |
| 10 Years Annualised | 6.59 | 1.55 | -0.03 |
| Category: USD Moderate Allocation | |||
| Category Index: Morningstar EAA USD Mod Tgt Alloc NR USD | |||
| Quarterly Returns (GBP) | 31/03/2025 | |||
| Quarter 1 | Quarter 2 | Quarter 3 | Quarter 4 | |
| 2025 | -4.24 | - | - | - |
| 2024 | 6.67 | 1.60 | -2.19 | 5.30 |
| 2023 | 0.91 | 0.83 | 0.76 | 4.29 |
| 2022 | -3.17 | -4.16 | 4.31 | -2.36 |
| 2021 | 1.38 | 4.31 | 0.87 | 1.83 |
| 2020 | -5.94 | 14.11 | 3.53 | 4.88 |
| Morningstar Rating™(Relative to Category) | 28/02/2025 | ||||||||||||||||||||
| |||||||||||||||||||||
| Category : USD Moderate Allocation | Click here to see our Methodology | ||||||||||||||||||||
| Volatility Measurements | 31/03/2025 | ||||||||||
| |||||||||||
| Modern Portfolio Statistics | 31/03/2025 | 31/03/2025 |
| Standard Index | Best Fit Index | |
| Morningstar EAA USD Mod Tgt Alloc NR USD | Morningstar Global All Cap TME NR USD | |
| 3-Yr Beta | 1.07 | 0.67 |
| 3-Yr Alpha | -1.00 | -2.87 |
| Investment Style Details | 28/02/2025 | ||||||||||||||||||||||||||||||||||||||||
|
| ||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||
| Category: USD Moderate Allocation | |||||||||||||||||||||||||||||||||||||||||
| Fixed Income Style | 28/02/2025 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||||||
| Asset Allocation | 28/02/2025 |
| ||||||||||||||||||||||||||
| World Regions | 28/02/2025 | ||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||
| Category: USD Moderate Allocation | |||||||||||||||||||||||||||||||||||||||||||
| Sector Weightings | 28/02/2025 | ||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||
| Category: USD Moderate Allocation | |||||||||||||||||||||||||||||||||||||
Basic Materials
Real Estate
Consumer Defensive
Utilities
Energy| Top 10 Holdings | 28/02/2025 |
| Portfolio NEW | |
| Total Number of Equity Holdings | 877 |
| Total Number of Bond Holdings | 1540 |
| Assets in Top 10 Holdings | 26.75 |
| Name | Sector | Country | % of Assets | ||
 2 Year Treasury Note Future June 25 |  | United States | 7.16 | ||
| Euro Bobl Future Mar 25 | | Germany | 4.06 | ||
 NVIDIA Corp |  | United States | 2.42 | ||
| Microsoft Corp | | United States | 2.06 | ||
| Amazon.com Inc |  | United States | 2.06 | ||
| 5 Year Treasury Note Future June 25 | | United States | 1.88 | ||
| Apple Inc | | United States | 1.88 | ||
| Germany (Federal Republic Of) 2.3% | | Germany | 1.81 | ||
| Alphabet Inc Class C |  | United States | 1.76 | ||
| Nikkei 225 Future Mar 25 | | Japan | 1.67 | ||
Increase Decrease  New since last portfolio | |||||
| Category: USD Moderate Allocation | |||||
| Management | ||||||||||||||||||||||||||
| ||||||||||||||||||||||||||
| ||||||||||||||||||||||||||
| ||||||||||||||||||||||||||
| |
| Biography | |
| 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 Investments Sub-Committee. He is also a member of BlackRock's Global Operating Committee, and Chairman of the firm-wide BlackRock 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 and member of the Federal Reserve’s Investment Advisory Committee on Financial Markets. Mr. Rieder currently serves on the Alphabet/Google Investment Advisory Committee and the UBS Research Advisory Board. He has been awarded the 2023 Outstanding Portfolio Manager by Morningstar, was nominated for Outstanding Portfolio Manager by Morningstar in 2021, was awarded the Global Unconstrained Fixed Income Manager of the Year for 2015 by Institutional Investor, was nominated for Fixed Income Manager of the Year by Institutional Investor for 2014, and was inducted into the Fixed Income Analysts Society Fixed Income Hall of Fame in 2013. Four of the funds Mr. Rieder manages (Strategic Income Opportunities, Fixed Income Global Opportunities, Total Return, and Strategic Global Bond) have been awarded Gold Medals by Morningstar. 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 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 program, Graduation Generation Public School Collaboration in Atlanta. Mr. Rieder serves as Chairman and President of the Board of Education for North Star Academy's fourteen Charter Schools in Newark, New Jersey. 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, and Trustee for the US Olympic Foundation. |
|
| Fund Manager | Russ Koesterich |
| Manager Start Date | 01/01/2017 |
| Career Start Year | 1996 |
| |
| Biography | |
| "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." |
|
| Fund Manager | David Clayton |
| Manager Start Date | 01/01/2017 |
| Career Start Year | 2000 |
| Education |
| 1990, University of Western Ontario, B.A. |
| Dalhousie University, M.B.A. |
| Dalhousie University, LL.B. |
| |
| Biography | |
| "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." |
| Fees and Expenses | ||||||||||||
| ||||||||||||
| Purchase Details | ||||||||
| ||||||||
| ||||||||