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 $3.684 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 S&P 500 Index A (MDSRX) seeks to provide returns identical to that of the S&P 500 Index prior to the deduction of fund expenses. The fund invests its assets in Master S&P 500 Index Series of Quantitative Master Series LLC which has identical investment objectives and strategies. The fund has a ten year annualized return of 4.77%.
Edward Corallois the fund manager and she has managed this BlackRock mutual fund since 2010.
BlackRock Energy & Resources A (SSGRX) 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 13.24%.
The BlackRock fund has a minimum initial investment of $1,000 and an expense ratio of 1.27% compared to a category average of 1.59%.
BlackRock Natural Resources A (MDGRX) seeks capital appreciation. The fund focuses on purchasing equity securities of companies with significant natural resources assets. It may also invest in instruments whose value depends on the market value of a particular natural resource asset. The fund has a ten year annualized return of 11.44%.
As of June 2012, this Blackrock mutual fund held 94 issues, with 4.31% of its total assets invested in EOG Resources.
BlackRock California Municipal Bond (MDCMX) invests a large share 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 ten year annualized return of 3.75%.
Walter R. O'Connor is the fund manager and she has managed this BlackRock mutual fund since 1993.
BlackRock High Yield Bond A (BHYAX) seeks maximum total return. The fund 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 ten year annualized return of 9.35%.
The BlackRock fund has a minimum initial investment of $1,000 and an expense ratio of 0.98% compared to a category average of 1.15%.
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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