Fund Evaluator:
BlackRock Global Allocation Instl (MALOX)
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Best Performing in Global Moderate Allocation Over the Last Year
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Fund Details
BlackRock Global Allocation Instl Overview
BlackRock Global Allocation Instl (MALOX) is an actively managed Allocation Global Moderate Allocation fund. BlackRock launched the fund in 1989.
The investment seeks to provide high total investment return. The fund invests in a portfolio of equity, debt and money market securities. Generally, the fund's portfolio will include both equity and debt securities. It may invest up to 35% of its total assets in "junk bonds," corporate loans and distressed securities. The fund may also invest in Real Estate Investment Trusts ("REITs") and securities related to real assets (like real estate- or precious metals-related securities) such as stock, bonds or convertible bonds issued by REITs or companies that mine precious metals.
About BlackRock Global Allocation Instl (MALOX)
There are 2 members of the management team with an average tenure of 8.46 years: Rick Rieder (2019), Russ Koesterich (2017). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: FTSE World TR USD index with a weighting of 100% and S&P 500 (TR) (1970) index with a weighting of 100%. BlackRock Global Allocation Instl has 3820 securities in its portfolio. The top 10 holdings constitute 74.1% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
BlackRock Global Allocation Instl is part of the Allocation global asset class and is within the Allocation fund group. BlackRock Global Allocation Instl has 45.2% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 45.2%. There is 18.5% allocated to foreign stock, and 3.7% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 32.0% (5.3% domestic bond, 26.7% foreign bond and 0.6% convertible bond). BlackRock Global Allocation Instl has -62.9% of the portfolio in cash.
Assets Under Management
The fund has $6 billion in total assets, which is above the $947 million average for the Global Moderate Allocation category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
MALOX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The BlackRock Global Allocation Instl expense ratio is high compared to funds in the Global Moderate Allocation category. BlackRock Global Allocation Instl has an expense ratio of 0.87%, which is 17% lower than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. BlackRock Global Allocation Instl has a portfolio turnover rate of 130%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 64% for the Global Moderate Allocation category.
Recently, in the month of July 2026, BlackRock Global Allocation Instl returned -1.6%, which earned it a grade of F, as the Global Moderate Allocation category had an average return of 0.3%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
BlackRock Global Allocation Instl has a trailing yield of 3.05%, which is above the 2.61% category average. The fund normally distributes its income semi-annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
BlackRock Global Allocation Instl Grades
Year to date, the fund has returned 6.5%, 1.6 percentage points worse than the category, which translates into a grade of D. The fund has returned 15.6% over the past year (grade of B), 12.9% over the past three years (grade of B) and 5.7% per year over the past five years (grade of C) and 7.8% per year over the past 10 years (grade of B).
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MALOX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| MALOX Return (NAV) | -1.6% | 2.3% | 15.6% | 12.9% | 5.7% | 7.8% |
| MALOX Grade | F | C | B | B | C | B |
| +/- Category | -1.8% | 0.2% | -0.4% | 1.0% | -0.5% | 0.6% |
| Global Moderate Allocation Avg | 0.3% | 2.1% | 16.0% | 11.9% | 6.2% | 7.3% |
| MALOX Tax Cost Ratio | na | na | 4.1% | 3.0% | 2.5% | 2.2% |
MALOX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| MALOX Return (NAV) | 6.5% | 19.6% | 9.2% | 12.6% | -15.8% | 6.7% | 21.1% | 17.5% | -7.4% | 13.6% | 4.1% |
| MALOX Grade | D | A | C | C | D | F | A | D | D | D | F |
| +/- Category | -1.6% | 3.5% | 0.8% | 0.4% | -2.4% | -4.9% | 11.3% | -0.1% | -0.3% | -0.4% | -2.5% |
| Global Moderate Allocation Avg | 8.1% | 16.1% | 8.4% | 12.2% | -13.4% | 11.6% | 9.8% | 17.7% | -7.1% | 14.0% | 6.6% |
| Risk Measures | |
| Standard Deviation: | 10.1% |
| Total Risk Index: | 0.82 - Average |
| Category Risk Index: | 1.10 - High |
| Category Risk Grade: | F (92% Rank) |
| Beta: | 1.04 |
| R-Squared: | 94% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Blend |
| Bond Investment Style: | na |
| Yield: | 3.1% |
| Dividend Distribution: | Semi-Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $17131 Mil |
| Fund Total Assets: | $6,782 Mil |
| Share Class Type: | Inst |
| Portfolio Turnover: | 130% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 9.6 years | |||
| Average Tenure: 8.5 years | |||
| Managers (Year): Koesterich Russ (2017), Rieder Rick (2019) | |||
Portfolio Composition (as of 5/31/26)
| # of Holdings: | 3820 |
| % in Top 10 Holdings: | 74.1% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 45.2% |
Portfolio Allocation |
|
| Domestic Stock: | 45.2% |
| Foreign Stock: | 18.5% |
| Preferred Stock: | 3.7% |
| Domestic Bond: | 5.3% |
| Foreign Bond: | 26.7% |
| Convertible Bond: | 0.6% |
| Other: | 62.9% |
| Cash: | -62.9% |
Purchase Information
| Fund Family: | BlackRock |
| Phone Number: | 800-441-7762 |
| Website: | www.blackrock.com |
| Status: | Open |
| Inception Date: | February 3, 1989 |
| Min. Initial Purchase: | $2,000,000 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 0.87% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.04% |
| Share Class: | BlackRock Global Allocation Instl |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
