BlackRock Global Allocation Division

Portfolio Composition

as of 02/28/2025

Asset Type	Net	Short	Long
U.S. Stocks	48.67%	1.74%	50.41%
Non-U.S. Stocks	18.1%	2.59%	20.69%
U.S. Bonds	16.53%	0.31%	16.83%
Non-U.S. Bonds	11.19%	0.06%	11.24%
Other	4.01%	0.03%	4.04%
Cash	0.58%	0.05%	0.63%
Preferred	0.57%	0.0%	0.57%
Convertibles	0.36%	0.0%	0.36%
Total	100.01%

Top 10 Holdings

as of 02/28/2025

What's this?

% of Net Assets

NVIDIA Corp	2.63
Amazon.com Inc	2.25
Microsoft Corp	2.24
Apple Inc	2.06
Alphabet Inc Class C	1.92
Meta Platforms Inc Class A	1.70
Mastercard Inc Class A	1.05
Costco Wholesale Corp	0.93
Walmart Inc	0.93
SPDR(R) Gold Shares	0.87

Total*: 16.57

*Values may exceed 100% if both long and short positions are included in the portfolio

Morningstar Style Box™

as of 02/28/2025

What's this?

Stock Sector Breakdown

as of 02/28/2025

What's this?

% of Net Assets

Cyclical

34.42

Basic Materials	2.95
Consumer Cyclical	13.92
Financial Svcs	16.91
Real Estate	0.64

Defensive

16.76

Consumer Defensive	4.00
Healthcare	10.30
Utilities	2.46

Sensitive

48.83

Comm Svcs	9.49
Energy	4.88
Industrials	11.23
Technology	23.23

Analysis

as of 02/28/2025

Average Market Cap (mil):	$174,707.24
Price/Earnings Ratio:	19.25
Price/Book Ratio:	3.12
Price/Cash Flow Ratio:	11.72
Turnover Ratio:	154.00%
# Stock Holdings:	653
# Bond Holdings:	1,183
# Other Holdings:	231
Total # of Holdings:	2,067

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