Top BlackRock Funds: Global Allocation (MDLOX)
Click to Enlarge BlackRock Global Allocation (MDLOX) is a product built for diversification, investing in stocks and debt instruments on a global scale. This $57.2 billion fund is guided by Dennis Stattman, who has been on this fund since inception.
Currently, MDLOX is about 63% invested in equities with 21% committed to fixed-income instruments and a 16% cash stake.
In the stock allocation, U.S. firms account for 33% of the fund’s holdings and Japanese companies account for 8%. Within the equity slice of the fund, Google (GOOG), General Electric (GE), Procter & Gamble (PG), Pfizer (PFE) and Visa (V) represent the top five holdings.
In this one product. an investor gets a diversified mix that has fared well over time, with the fund up an annualized 7.6% during the past decade. This performance lands the fund in the top 25% of its Morningstar world allocation peer group.
Turnover recently was 50% on this popular fund, indicating that half of this portfolio was replaced in the past year. Meanwhile, fund expenses here run 1.07%, or $107 annually for every $10,000 invested.