BlackRock Global Allocation Fund

Shareclass
BlackRock Global Allocation Inv A (MDLOX)
Type
Open-end mutual fund
Deforestation grade: Fund is invested in deforestation-risk agricultural commodity producer/traders, above the threshold of 0.5% and below 1.5%. Assigned a grade of D.
How we track deforestation-risk investments
D
12.07%
INVESTED IN DEFORESTATION-RISK COMPANIES
producers
AGRIBUSINESS
deforestation-risk producers and traders of palm oil, paper/pulp, rubber, timber, cattle, and soy
banks
BANKS AND LENDERS
that finance deforestation-risk agribusiness producers via lending and underwriting
consumers
MAJOR CONSUMER BRANDS
that use deforestation-risk agribusiness commodities in products
68
holdings flagged
12%
of assets flagged
This fund contains
 $1.98 BILLION invested 
in holdings flagged for deforestation risk
BlackRock, the world's largest investment firm, is among the world's top investors in the agribusiness companies responsible for destroying our tropical rainforests. To make the urgent transformations needed to end global deforestation and reign in the climate crisis, BlackRock needs to change its ways. Tell BlackRock to adopt a No Deforestation Policy!
Sign the petition
producers
Commodity producers
10 holdings
0.92% of assets
$159.53 MILLION invested
banks
Banks and lenders
15 holdings
2.46% of assets
$424.98 MILLION invested
consumers
Major consumer brands
46 holdings
8.65% of assets
$1.49 BILLION invested
Commodity producers
Commodity producers
10 HOLDINGS
Companies that produce and trade palm oil, paper/pulp, rubber, timber, cattle, and soy, and have a past record or a significant risk of contributing to deforestation, land grabbing, and human rights abuses. Investing in any of these companies assigns a fund a grade of C if total producer exposure is below the threshold of 0.5%; a grade of D if below 1.5%; and a grade of F if above 1.5%.
10 HOLDINGS
  • % of portfolio
    $ invested
  • 1. Glencore PLC
    Soy producerPalm oil producer
    0.26%0.26% of portfolio
    $46.77M$46.77M invested
    Soy producerPalm oil producer
  • 2. Bunge Global SA
    Soy producerPaper/pulp producerPalm oil producer
    0.26%0.26% of portfolio
    $46.72M$46.72M invested
    Soy producerPaper/pulp producerPalm oil producer
  • 3. Archer-Daniels Midland Co
    Soy producerPalm oil producer
    0.26%0.26% of portfolio
    $46.52M$46.52M invested
    Soy producerPalm oil producer
  • 4. International Paper Co
    Paper/pulp producer
    0.06%0.06% of portfolio
    $11.33M$11.33M invested
    Paper/pulp producer
  • 5. Samsung C&T Corp
    Palm oil producer
    0.02%0.02% of portfolio
    $3.27M$3.27M invested
    Palm oil producer
View next 5
Banks and lenders
Banks and lenders
15 HOLDINGS
Financial institutions directly and indirectly involved in underwriting and lending to deforestation-risk producers and traders. Investing in any of these companies assigns a fund a grade of B (assuming there are no investments in producers).
15 HOLDINGS
  • % of portfolio
    $ invested
  • 1. JPMorgan Chase & Co
    0.71%0.71% of portfolio
    $127.92M$127.92M invested
  • 2. Mitsubishi UFJ Financial Group Inc
    0.49%0.49% of portfolio
    $88.57M$88.57M invested
  • 3. ING Groep NV
    0.44%0.44% of portfolio
    $80.24M$80.24M invested
  • 4. BNP Paribas Act. Cat.A
    0.38%0.38% of portfolio
    $68.53M$68.53M invested
  • 5. Commerzbank AG
    0.09%0.09% of portfolio
    $16.37M$16.37M invested
View next 5
Major consumer brands
Major consumer brands
46 HOLDINGS
Consumer goods retailers that source palm oil, paper/pulp, rubber, timber, cattle, and soy from deforestation-risk producers and traders and sell it to consumers worldwide. Investing in any of these companies assigns a fund a grade of B (assuming there are no investments in producers).
46 HOLDINGS
  • % of portfolio
    $ invested
  • 1. Amazon.com Inc
    Soy major consumer brandCattle major consumer brandTimber major consumer brandRubber major consumer brandPaper/pulp major consumer brandPalm oil major consumer brand
    1.48%1.48% of portfolio
    $267.12M$267.12M invested
    Soy major consumer brandCattle major consumer brandTimber major consumer brandRubber major consumer brandPaper/pulp major consumer brandPalm oil major consumer brand
  • 2. Nestle SA
    Soy major consumer brandCattle major consumer brandPaper/pulp major consumer brandPalm oil major consumer brand
    0.76%0.76% of portfolio
    $136.72M$136.72M invested
    Soy major consumer brandCattle major consumer brandPaper/pulp major consumer brandPalm oil major consumer brand
  • 3. Shell PLC
    Soy major consumer brandPalm oil major consumer brand
    0.6%0.6% of portfolio
    $109M$109M invested
    Soy major consumer brandPalm oil major consumer brand
  • 4. Unilever PLC
    Soy major consumer brandPaper/pulp major consumer brandPalm oil major consumer brand
    0.48%0.48% of portfolio
    $87.49M$87.49M invested
    Soy major consumer brandPaper/pulp major consumer brandPalm oil major consumer brand
  • 5. Walmart Inc
    Soy major consumer brandCattle major consumer brandTimber major consumer brandRubber major consumer brandPaper/pulp major consumer brandPalm oil major consumer brand
    0.48%0.48% of portfolio
    $86.87M$86.87M invested
    Soy major consumer brandCattle major consumer brandTimber major consumer brandRubber major consumer brandPaper/pulp major consumer brandPalm oil major consumer brand
View next 5
View more info
DATA AS OF 30 Nov 2023
Financial performance
Performance data provided byMorningstarFind more financial data on MDLOX at Morningstar.com
Current fund
MDLOX
BlackRock Global Allocation Fund
Family
BlackRock/iShares
Category
Global Allocation
vs.
Benchmark
IVV
iShares Core S&P 500 ETF
Family
iShares from BlackRock
Category
Large Blend
Fund comparison settings
Investment timeline
Performance as of: 1/31/24
1 year
3 years
5 years
10 years
Benchmark
Suggested: Not available
IVV - iShares Core S&P 500 ETF
Fund comparison results
Compared to the benchmark, this fund has:
Lower 10-yr returns 
-7.85% less in annualized returns
More invested in commodity producers 
0.7% more invested
More invested in banks and lenders 
0.12% more invested
Less invested in major consumer brands 
3.52% less invested
Current fund
MDLOX
BlackRock Global Allocation Fund
Family
BlackRock/iShares
Category
Global Allocation
vs.
Benchmark
IVV
iShares Core S&P 500 ETF
Family
iShares from BlackRock
Category
Large Blend
Fund comparison settings
Investment timeline
Performance as of: 1/31/24
1 year
3 years
5 years
10 years
Benchmark
Suggested: Not available
IVV - iShares Core S&P 500 ETF
Fund comparison results
Compared to the benchmark, this fund has:
Lower 10-yr returns 
-7.85% less in annualized returns
More invested in commodity producers 
0.7% more invested
More invested in banks and lenders 
0.12% more invested
Less invested in major consumer brands 
3.52% less invested
Current fund
MDLOX
BlackRock Global Allocation Fund
Family
BlackRock/iShares
Category
Global Allocation
vs.
Benchmark
IVV
iShares Core S&P 500 ETF
Family
iShares from BlackRock
Category
Large Blend
Fund comparison settings
Investment timeline
Performance as of: 1/31/24
1 year
3 years
5 years
10 years
Benchmark
Suggested: Not available
IVV - iShares Core S&P 500 ETF
Fund comparison results
Compared to the benchmark, this fund has:
Lower 10-yr returns 
-7.85% less in annualized returns
More invested in commodity producers 
0.7% more invested
More invested in banks and lenders 
0.12% more invested
Less invested in major consumer brands 
3.52% less invested
Month-end trailing returns  
Annualized returns
Deforestation analysis
1-yr
3-yr
5-yr
10-yr
Commodity producers
This fund
MDLOX - BlackRock Global Allocation Fund
6.65%
0.21%
6.2%
4.72%
0.92% 
Benchmark
IVV - iShares Core S&P 500 ETF
21%
11%
14%
13%
0.22% 
Fund compared to benchmark
 
-14.14%
-10.75%
-8.06%
-7.85%
0.7%  higher
Find more financial data on MDLOX at Morningstar.com
Take Action
Call on U.S. investment firms to implement Deforestation and Land Grab-Free investment policies.
Find top-graded funds that avoid deforestation-risk investments.
Use Fossil Free Funds to check this fund's fossil fuel investments and carbon footprint.
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