The influence of simultaneous substitution within the rare earth (R) and Co sublattices on the structural, magnetic, and magnetocaloric properties of the Laves phase RCo2-type compounds is studied. Main attention is devoted to the studies of the magnetostructural phase transitions and the transition types with respect to the alloy composition. Multicomponent alloys Tbx(Dy0.5Ho0.5)1−xCo2 and Tbx(Dy0.5Ho0.5)1−xCo1.75Al0.25 were prepared with the use of high purity metals. Majority of the Tbx(Dy0.5Ho0.5)1−xCo2 alloys exhibit magnetic transitions of the first-order type and a large magnetocaloric effect. The substitution of Al for Co in Tbx(Dy0.5Ho0.5)1−xCo2 increases the Curie temperature (TC) but changes the transition type from first-to the second-order. The discussion of the physical mechanisms behind the observed phenomena is given on the basis of the first principles electronic-structure calculations taking into account both the atomic disorder and the magnetic disorder effects at finite temperatures. The advantage of Al-containing materials is that sufficiently high magnetocaloric effect values are preserved at T > TC.
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