For 25 years, investors have turned to the Global Allocation Fund for its remarkable results.
People are living longer than ever. Growing your assets enough to last a long lifetime, even through turbulent markets, doesn’t have to be challenging.
The BlackRock Global Allocation Fund seeks to provide equity-like returns with less risk over a full market cycle by diversifying broadly across the world. Since the Fund’s launch in 1989, investors have doubled their money every 10 years, no matter when they bought the fund.
Over the past quarter century, millions of Americans have turned to Global Allocation to help fund their children's education, provide income during their retirement, and grow their assets to reach financial goals.
As of 12/31/13
|% Average Annual Total Returns||1 yr.||3 yr.||5 yr.||10 yr.|
|Investor A Shares w/o max sales charge||14.43||6.63||10.13||8.18|
|Investor A Shares w/ max sales charge||8.42||4.73||8.95||7.60|
|Institutional Shares||14.71||6.92|| |
* Source: Morningstar as of 12/31/13. There are 179 10-year rolling periods (using monthly returns) from inception (2/28/89) to 12/31/13, and Institutional shares never provided a cumulative return less than 100%.
† Based on annualized standard deviation of monthly returns for Institutional shares from 2/28/89 to 12/31/13, compared to the FTSE World Index. Standard deviation is only one element or risk. Other risk factors should be considered.
‡ Source: Morningstar. Based on universe of 963 US open-end mutual funds in existence prior to 2/28/89. BlackRock Global Allocation Fund Institutional shares ranked 20 out of 963 from 2/28/89 to 12/31/13 based on Morningstar risk-adjusted returns, a metric calculated by Morningstar, Inc. The Fund is ranked 439, 486, and 40 (all out of 963) over the 1-, 5- and 10-year periods, respectively.
§ Source: BlackRock, Institutional Shares as of 12/31/13. Includes reinvestment of dividends and capital gains.
All claims based on Institutional shares, which are not available to all investors. Minimum initial investment for Institutional shares is $2 million. Institutional shares also are available to clients of registered investment advisors with $250,000 invested in the fund, and offered to participants in various wrap fee programs and other sponsored arrangements at various minimums.
Performance data quoted represents past performance and is no guarantee of future results. Investment returns and principal values may fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than that shown. All returns assume reinvestment of all dividend and capital gain distributions. Refer to the fund profile page for current month-end performance. Total annual operating expenses as stated in the fund's most recent prospectus are 0.88% (Institutional Shares)
IMPORTANT RISKS OF THE FUND
Past performance is no guarantee of future results. The fund is actively managed and its characteristics will vary. Any holdings shown are for information only and should not be deemed as a recommendation to buy or sell the securities mentioned. Stock and bond values fluctuate in price so the value of your investment can go down depending on market conditions. The two main risks related to fixed income investing are interest-rate and credit risk. Typically, when interest rates rise, there is a corresponding decline in the market value of bonds. Credit risk refers to the possibility that the bond issuer will not be able to make principal and interest payments. International investing involves risks related to foreign currency, limited liquidity, less government regulation and possibility of substantial volatility due to adverse political, economic or other developments. Investments in non-investment-grade debt securities ("high-yield" or "junk" bonds) may be subject to greater market fluctuations and risk of default or loss of income and principal than securities in higher rating categories. Asset allocation strategies do not assure profit and do not protect against loss. The fund may actively engage in short-selling, which entails special risks. If the fund makes short sales in securities that increase in value, the fund will lose value. Any loss on short positions may or may not be offset by investing short-sale proceeds in other investments. Investing in derivatives entails specific risks relating to liquidity, leverage and credit that may reduce returns and/or increase volatility.
You should consider the investment objectives, risks, charges and expenses of the fund carefully before investing. The Fund's prospectus contains this and other information about the Fund. The prospectus should be read carefully before investing.
Additional Information on Global Allocation Interactive Chart
Hosted at www.gachart.com
All data as of 12/31/13 based on Institutional shares, which are not available to all investors. Fund inception date is 2/3/1989. Asset allocations shown are as of the dates indicated and are not a recommended allocation.
References to "risk" are based on standard deviation, a measure of the dispersion of an investment's actual returns compared to its expected returns.
References to "World Stocks" based on the FTSE World Index, A broad based capitalization-weighted index comprised of 2,200 equities from 24 countries in 12 regions, including the United States. "World Government Bonds" refers to the Citigroup World Government Bond Index, which includes the most significant and liquid government bond markets globally that carry at least an investment grade rating. Index weights are based on the market capitalization of qualifying outstanding debt stocks. The Lipper Average refers to the average return in the Lipper Global Flexible category, which includes Funds that allocate their investments across various asset classes, including both domestic and foreign stocks, bonds, and money market instruments, with a focus on total return. "Cash" refers to the Bank of America/Merrill Lynch 3-Month US Treasury Bill Index, which tracks the monthly price-only and total return performance of a three-month Treasury bill, based on monthly average auction rates. The value was set at 100 on December 31, 1977. "Reference Benchmark" refers to the Fund's benchmark per the prospectus, a blend of 36% S&P 500, 24% FTSE World (ex US), 24% BofA ML Current 5-Year US Treasury Index, 16% Citigroup Non-USD World Gov't Bond Index. The S&P 500 Index is an unmanaged index that covers 500 industrial, utility, transportation, and financial companies of the US markets. The Bank of America Merrill Lynch 5-Year US Treasury Bond Index tracks the total return of current coupon 5-year US Treasury bond. The FTSE World (ex US) and the Citigroup Non-USD World Gov't Bond Indices are similar to previously described indices but exclude the US. It is not possible to invest directly in an index.
Important note: On the Results Calculator tab, the "Start" year/quarter refers to the beginning of the quarter, while the "End" year/quarter refers to the end of the quarter. e.g. 2003 Q1 - 2012 Q4 refers to the period 1/1/2003 - 12/31/2012. On the Allocation tab, asset allocation figures are only available semi-annually before 2006, so data for any Q1 is replicated in the following Q2 and Q3 is replicated in Q4.
|Standard performance periods for indices as of 12/31/13|
|% Average Annual Returns||1-year||5-year||10-year|
|FTSE World|| |
|Citi WGBI|| |
|Lipper Average|| |
|Reference Benchmark|| |
|BofA/ML 3-mo T-Bill|| |