Multi Asset

BOBAX

Global Allocation 529 Option

  • NAV as of Nov 20, 2024 $22.80
    52 WK: 19.71 - 23.12
  • 1 Day NAV Change as of Nov 20, 2024 -0.04 (-0.18%)
  • NAV Total Return as of Nov 20, 2024 YTD: 9.99%

Overview

About this Fund

1. Unconstrained in search of opportunity

2. One of the most well-resourced multi-asset teams

3. Seeks returns competitive with global stocks with less volatility

Investment Approach

The Fund 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 which will be varied from time to time both with respect to types of securities and markets in response to changing market and economic trends.
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Performance

Performance

  1y 3y 5y 10y
Total Return (%) 22.14 2.31 7.29 5.24
Return w/ Sales Charge (%) 18.48 1.28 6.64 4.92
Benchmark (%) 22.87 4.46 7.55 6.61
  YTD 1m 3m 1y 3y 5y 10y
Total Return (%) 11.24 1.68 4.91 22.14 7.11 42.17 66.62
Return w/ Sales Charge (%) 7.90 -1.38 1.77 18.48 3.89 37.91 61.62
Benchmark (%) 12.15 1.63 6.27 22.87 14.00 43.87 89.63
  2019 2020 2021 2022 2023
Total Return (%) 17.12 20.68 6.37 -16.15 12.18
Annual w/ Sales Charge (%) 10.97 14.34 0.79 -20.55 8.81
Benchmark (%) 18.79 13.34 10.13 -15.59 15.69

Performance is shown after deduction of ongoing charges. Any entry and exit charges are excluded from the calculation.

The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted.
Click here for Distribution data

Key Facts

Key Facts

Size of Fund (Millions)
as of Nov 20, 2024
$349.6 M
Share Class launch date
Oct 05, 2009
Benchmark Index
36% S&P 500, 24% FTSE World (ex.US), 24% ICE BofA/ML Cur 5-yr US Treasury, 16% FTSE Non-USD WGBI
CUSIP
19452P602
Open to New Investors
Yes
Size of Class (Millions)
as of Nov 20, 2024
$305.6 M
Asset Class
Multi Asset
Distribution Frequency
None
Max Offer Price
as of Nov 20, 2024
$23.51
Expenses as of current program description

Portfolio Characteristics

Portfolio Characteristics

P/E Ratio
as of Oct 31, 2024
0.00
Alpha (3y)
as of Oct 31, 2024
-0.16
Modified Duration
as of Oct 31, 2024
2.49 yrs
Fund Standard Deviation (3y)
as of Oct 31, 2024
12.16
Effective Duration
as of Oct 31, 2024
2.11 yrs
P/B Ratio
as of Oct 31, 2024
0.00
Average Market Cap (Millions)
as of -
-
R-Squared (3y)
as of Oct 31, 2024
97.36
Beta (3y)
as of Oct 31, 2024
0.95
Weighted Avg Maturity
as of Oct 31, 2024
1.60 yrs
This information must be preceded or accompanied by a current program description. For standardized performance, please see the Performance section above.

Fees

Fees

as of current program description
Gross Expense Ratio 1.19%
Net Expense Ratio 1.19%

Net Expense Ratio excluding Investment Related Expenses is 0.39%

  • Acquired Fund Fees and Expenses 0.80%
  • Interest expense 0.00%

Holdings

Holdings

Name Market Value Weight (%) Shares
as of Sep 30, 2024
Name Weight (%)
MICROSOFT CORPORATION 2.75
NVIDIA CORPORATION 2.18
AMAZON.COM INC 1.66
APPLE INC 1.58
UNITED STATES TREASURY 1.42
Name Weight (%)
ALPHABET INC 1.36
UNITEDHEALTH GROUP INC 0.92
META PLATFORMS INC 0.91
MASTERCARD INC 0.84
PROGRESSIVE CORPORATION (THE) 0.81
Detailed Holdings and Analytics
The portfolio holds a mutual fund and/or an ETF. Top holdings from the underlying vehicles are listed above for greater visibility

Exposure Breakdowns

Exposure Breakdowns

as of Oct 31, 2024

% of Market Value

Type Fund Benchmark Net
as of Oct 31, 2024

% of Market Value

Type Fund Benchmark Net
as of Oct 31, 2024

% of Market Value

Type Fund Benchmark Net
as of Oct 31, 2024

% of Market Value

Type Fund Benchmark Net
Allocations subject to change.
as of Jul 31, 2024

% of Market Value

Type Fund
as of Jul 31, 2024

% of Market Value

Type Fund
The fund itself has not been rated by an independent rating agency. Credit quality ratings on underlying securities of the fund are received from S&P, Moody’s and Fitch and converted to the equivalent S&P major rating category. This breakdown is provided by BlackRock and takes the median rating of the three agencies when all three agencies rate a security the lower of the two ratings if only two agencies rate a security and one rating if that is all that is provided. Unrated securities do not necessarily indicate low quality. Below investment-grade is represented by a rating of BB and below. Ratings and portfolio credit quality may change over time.

as of Oct 31, 2024

% of Market Value

Type Fund Benchmark Net
Negative weightings may result from specific circumstances (including timing differences between trade and settle dates of securities purchased by the funds) and/or the use of certain financial instruments, including derivatives, which may be used to gain or reduce market exposure and/or risk management.

Allocations are subject to change.

Portfolio Managers

Portfolio Managers

Rick Rieder
Rick Rieder
Chief Investment Officer of Global Fixed Income

        

Read More

Rick Rieder, Senior Managing Director, is BlackRock's Chief Investment Officer of Global Fixed Income, Head of the Fundamental Fixed Income business and Head of the Global Allocation Investment Team.

 

Responsible for managing roughly $2.4 trillion in assets, Mr. Rieder is a member of BlackRock’s Global Executive Committee (GEC) and its GEC Investment Sub-Committee. He also is Chairman of the firm-wide BlackRock Investment Council.

 

Mr. Rieder currently serves on the Alphabet/Google Investment Advisory Committee and the UBS Research Advisory Board. He was nominated for Outstanding Portfolio Manager by Morningstar in 2021, was awarded the Global Unconstrained Fixed Income Manager of the Year for 2015 by Institutional Investor, was nominated for Fixed Income Manager of the Year by Institutional Investor for 2014 and was inducted into the Fixed Income Analysts Society Fixed Income Hall of Fame in 2013.

 

Mr. Rieder has served as Vice Chairman and member of the Borrowing Committee for the U.S. Treasury and member of the Federal Reserve’s Investment Advisory Committee on Financial Markets.

 

Before joining BlackRock in 2009, Mr. Rieder was President and Chief Executive Officer of R3 Capital Partners. From 1987 to 2008, he was with Lehman Brothers where he was head of the firm's Global Principal Strategies team, a global proprietary investment platform. He was also global head of the firm's credit businesses, Chairman of the Corporate Bond and Loan Capital Commitment Committee and a member of the Board of Trustees for the corporate pension fund. Before joining Lehman Brothers, Mr. Rieder was a credit analyst at SunTrust Banks in Atlanta.

 

Mr. Rieder earned a BBA degree in Finance from Emory University in 1983 and an MBA degree from The Wharton School of the University of Pennsylvania in 1987. He is a member of the board of Emory University, Emory's Goizueta Business School, and the University's Finance Committee, and is the Vice Chairman of the Investment Committee. Mr. Rieder is founder and chairman of the Goizueta Business School's BBA investment fund and community financial literacy outreach program, Graduation Generation. Mr. Rieder serves as Chairman and President of the Board of Education for North Star Academy's fourteen Charter Schools in Newark, NJ. He is on the Board of the BlackRock Foundation, the Board of Advisors for the Hospital for Special Surgery, and the Board of Big Brothers/Big Sisters of Newark and Essex County. Mr. Rieder formerly served on the Board and National Leadership Council of the Communities in Schools Educational Foundation in Atlanta, and Trustee for the U.S. Olympic Foundation. Mr. Rieder was honored at the Choose Success Awards ceremony in Atlanta in 2015 for his dedication to public education in Atlanta through CIS and Graduation Generation.

Portfolio Manager

Literature

Literature

 

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USR-9694