BlackRock Global Allocation AMDLOX

Morningstar Rating

Fund Research and Analysis

by Michael Herbst

As a one-stop shop, BlackRock Global Allocation is tough to beat.

Investors often use world-allocation funds as a long-term portfolio anchor, and this fund fits the bill nicely. Lead manager Dennis Stattman has been with the fund since its February Read more

Kudos

Experienced management.

Reasonable expenses.

Large number of individual holdings in the portfolio mitigates the stock-specific risk of management's top-down calls.

Stellar long-term risk-adjusted returns. Read more

Risks

Management's contrarian bets can cause the fund's relative performance to lag periodically.

Management's use of tools such as short-selling and derivatives can court additional risk.

Difficult to fit into a diversified portfolio if you like handling your own asset allocation. Read more

Strategy

Management begins its top-down work by homing in on areas of the global markets where it spots pockets of significant opportunity or significant deterioration. It then takes small positions in hundreds Read more

Management

Dennis Stattman has been at the helm since the fund's 1989 inception, making him one of the category's longest-serving managers. Veteran analyst Dan Chamby became an associate manager in 2004, and Aldo Roldan joined as a comanager in July 2006. They Read more

Inside Scoop

Despite this fund's occasional stumble, we're confident in its long-term prospects. Its veteran management homes in on areas of the market where it sees considerable improvement Read more

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