One of the world’s premier asset management firms, BlackRock offers a range of risk management, strategic advisor and enterprise investment system services. With over $3.513 trillion worth of assets under management, it caters to institutional, intermediary and individual investors through a wide range of products and services. These offerings include individual and institutional separate accounts, mutual funds and other pooled investment options. BlackRock aims to provide a wide range of investment solutions to its clients, helping them strike the right
Below we will share with you 5 top rated BlackRock funds. Each has earned a Zacks #1 Rank (Strong Buy) as we expect the fund to outperform its peers in the future. To view the Zacks Rank and past performance of all BlackRock funds, investors can click here to see the complete list of funds.
BlackRock California Municipal Bond (MDCMX) invests the majority of its assets in California municipal bonds and securities rated investment grade. The weighted average maturity period of its portfolio is usually higher than ten years. The fund has a five year annualized return of 3.01%.
The BlackRock fund has an expense ratio of 0.78% compared to a category average of 0.95%.
BlackRock Global Allocation A (MDLOX) seeks total return. The fund purchases equity, debt as well as money market instruments. Not more than 35% of its assets may be invested in junk bonds. It may also invest in real estate investment trusts. The fund has a five year annualized return of 5.04%.
As of October 2011, this fund held 1012 issues, with 1.93% of its total assets invested in US Treasury Note 3.5%.
BlackRock Mid Cap Growth A (BMGAX) invests the majority of its assets in growth stocks of domestic mid-cap companies. The fund focuses on acquiring common stock, but also purchases preferred stock and related convertible securities. It may also utilize synthetic instruments such as futures and options. The fund has a five year annualized return of 3.29%.
Eileen Leary is the fund manager and she has managed this BlackRock fund since 2002.
BlackRock Energy & Resources A (SSGRX) seeks capital appreciation over the long term. The fund invests the majority of its assets in equity securities of global energy and natural resources companies and companies in related businesses. It invests in companies from at least three countries at a given time and in those with economic linkages to a number of countries. The fund has a five year annualized return of 5.13%.
The BlackRock fund has a minimum initial investment of $1,000 and an expense ratio of 1.27% compared to a category average of 1.63%.
BlackRock High Yield Bond A (BHYAX) invests the majority of its assets in high yielding junk bonds in order to maximize total returns. The fund may invest a maximum of 30% of its assets in non U.S denominated foreign bonds primarily to generate returns. The fund has a five year annualized return of 7.05%.
Derek Schoenhofen is the fund manager and she has managed this BlackRock fund since 2009.
To view the Zacks Rank and past performance of all BlackRock funds, investors can click here to see the complete list of funds.
About Zacks Mutual Fund Rank
By applying the Zacks Rank to mutual funds, investors can find funds that not only outpaced the market in the past but are also expected to outperform going forward. Learn more about the Zacks Mutual Fund Rank at http://www.zacks.com/funds.
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