Overview of BlackRock Global Allocation Investor A Fund (MDLOX)
BlackRock Global Allocation Investor A (MDLOX) a Zacks Ranked #5 (Strong Sell) was incepted in February 1989 and is managed by Merrill Lynch Investment Managers. MDLOX seeks to provide high total investment return through a fully managed investment policy utilizing U.S. and foreign equity, debt and money market securities. The combination of the investment will be varied from time to time both with respect to types of securities and markets in response to changing market and economic trends. MDLOX may invest up to 25% of its total assets in any particular industry sector. MDLOX may also invest in securities that provide a return based on fluctuations in a stock or other financial index.
This Allocation Balanced product, as of the last filing, allocates their fund in six major groups; Foreign Stock, Large Value, Intermediate Bond, High Yield Bond, Small Growth and Precious Metal. Further, as of the last filing, Alphabet Inc, Apple Inc and Uber Technologies Inc were the top holdings for MDLOX.
BlackRock Global Allocation Investor A, managed by BlackRock, carries an expense ratio of 1.05%. Moreover, MDLOX requires a minimal initial investment of $1,000.
MDLOX has a history of dismal total returns for over 10 years. Specifically, the fund’s returns over the 1, 3 year benchmarks; 1 year -4.19% and 3 year 3.21%. To see how this fund performed compared in its category, please click here.
MDLOX’s performance, as of the last filing, when compared to funds in its category was in the top 65% in 1 year, top 64% over the past 3 years, and in the 80% over the past 5 years.
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