Blackrock, Inc. · NYSE:BLK
Blackrock — BlackRock Global Allocation Fund — Investor Presentation (July 2026)
17 slides from Blackrock's investor presentation, July 2026
Slide 1: Global Allocation Fund
July 2026 Global Allocation Fund NOT FDIC INSURED – MAY LOSE VALUE – NO BANK GUARANTEE FFI0726-5774099-EXP1126-1/17
Slide 2: Global Allocation
1 MDLOX Analyst-Driven %2 100% Data-Coverage %2 100% The fund embraces a flexible, risk- 1. Flexible alpha aware style of investing…… Pursue a book of high conviction equities with systematic tilts and thematic strategies Global 2. Diversified risk Combined with a diversified fixed income allocation
Slide 3: Seeking competitive returns with global stocks with lower volatility
Seeking competitive returns with global stocks over a full market cycle with lower volatility • Historical returns in excess of global stocks with approximately 1/3 less volatility • Flexibility to deviate from benchmark to capture opportunity and avoid areas of the market that are believed to be in
Slide 4: Global Allocation Portfolio Management Team
Global Allocation Portfolio Management Team Portfolio Managers Rick Rieder* Russ Koesterich, CFA, JD 39 years of experience 31 years of experience Portfolio Manager Portfolio Manager Tom Walsh Ariana Berry 36 years of Dez Desai Sarah Thompson, CFA Randy Berkowitz, CFA 17 years of experience 26 years
Slide 5: Global Allocation has the flexibility to adapt to changing markets
Global Allocation has the flexibility to adapt to changing markets Over time, the fund’s broad investment mandate and flexible investment approach has allowed it to capitalize on potential opportunities across asset classes, regions, industries, and individual securities Portfolio composition Post-t
Slide 6: Current portfolio positioning and performance
Current portfolio positioning and performance FFI0726-5774099-EXP1126-6/17
Slide 7: Portfolio Snapshot as of June 30, 2026
Portfolio Snapshot as of June 30, 2026 Asset Allocation (% of net assets*) Public Equity (58%) Fundamental (37%): Crypto, 0.1% Cash, 9.9% • Overweight: Commodities, 3.3% – Regions: United States, Emerging Markets – Sectors: Industrials, Communication Services, Energy, Private Credit, 2.0% Health Car
Slide 8: Areas of focus among core and thematic positions
Areas of focus among core and thematic positions Artificial Intelligence .... More Than Semis Balanced With… AI Phase 1 – Infra Buildout/Capex Beneficiaries Consumer Experiences Companies supplying the hardware, energy, and Companies benefiting from resilient infrastructure required to scale model t
Slide 9: A history of competitive performance and limited drawdowns
GA_I A history of competitive performance and limited drawdowns Global Global Allocation Global Reference Reference Morningstar Morningstar U.S. Global Allocation Bonds Benchmark* Category Stocks Stocks Fund (A)(I) Fund Global Bonds Benchmark* Category U.S. Stocks Global Stocks 134.3% 95.1% Best 3-y
Slide 10: Performance as of June 30, 2026
GA_I Performance as of June 30, 2026 Annualized total returns (%) YTD† 1 year 3 years 5 years 10 years 15 years BlackRock Global Allocation Inv A 8.07 16.50 13.94 5.80 8.05 6.48 Reference Benchmark* 7.97 16.07 13.72 7.00 8.45 7.45 FTSE World Index 12.86 26.12 21.05 12.47 13.87 11.30 FTSE World Gover
Slide 11: So what do I do with my money?
So what do I do with my money? ® FFI0726-5774099-EXP1126-11/17
Slide 12: Global Allocation Fund has provided growth over the long-term
GA_A GA_A Global Allocation Fund has provided growth over the long- term Growth of a hypothetical $10,000 investment since inception $235,952 $210,000 $197,744 $180,000 $155,750 $150,000 $150,622 $120,000 $90,000 $60,000 $48,174 $30,000 $30,110 $0 1989 1991 1993 1995 1997 1999 2001 2003 2005 2007 20
Slide 13: Designed to deliver high total return…
GA_A BLACKROCK GLOBAL ALLOCATION FUND (MDLOX) Designed to deliver high total return… Global Allocation is a global multi-asset fund, whose objective is to deliver high total investment return. The fund has a flexible, diversified and risk aware mandate, with the ability to invest across asset class,
Slide 14: …But has also delivered cash flow
GA_A BLACKROCK GLOBAL ALLOCATION FUND (MDLOX) …But has also delivered cash flow Generating income for clients is increasingly important, creating a need to seek alternative forms of cash flow. In the pursuit of total return, investors can choose to receive or reinvest the various cash flows that com
Slide 15: Using the Fund as a source of income
GA_A BLACKROCK GLOBAL ALLOCATION FUND (MDLOX) Using the Fund as a source of income Inflation-adjusted withdrawal scenario for $100,000 investment in Global Allocation Fund. An annual withdrawal rate of 2 – 7.0% has allowed for capital appreciation. Withdrawal Rate Total Withdrawals Ending Value $1,8
Slide 16: Important notes
Important notes 1 The Morningstar Medalist Rating is the summary expression of Morningstar’s forward-looking analysis of investment strategies as offered via specific vehicles using a rating scale of Gold, Silver, Bronze, Neutral, and Negative. The Medalist Ratings indicate which investments Morning
Slide 17: Important notes
Important notes Principal risks: The fund is actively managed and its characteristics will vary. Stock and bond values fluctuate in price so the value of your investment can go down depending on market conditions. International investing involves special risks including, but not limited to currency
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