BlackRock Inc. is one of the world’s largest asset management firms. With over $3.684 trillion worth of assets under management across all spectrums of financial assets and a geographical reach in over 60 countries it caters to all investor classes through a wide range of products and services. The company has strong risk management practices in place and seasoned portfolio management teams through which they seek to generate sustainable wealth for their investors.
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 Latin America A (MDLTX) seeks capital growth over the long term. The fund invests a large share of its assets in securities issued from Latin America. The company focuses on acquiring equity securities issued by companies located in the region, irrespective of their market capitalization. It normally does not invest in many countries at any given point in time. The fund has a five year annualized return of 4.77%.
The BlackRock mutual fund has an expense ratio of 1.55% compared to a category average of 1.89%.
BlackRock Asset Allocation A (PCBAX) invests in equity, debt and money market securities. The allocation of its assets to these three categories of securities varies from time to time. It may also invest a substantial amount of its assets in ETFs and mutual funds. It may also invest in derivatives such as futures, swaps and options. The fund has a five year annualized return of 2.52%.
Philip Green is the fund manager and he has managed this BlackRock mutual fund since 2006.
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 five year annualized return of 2.34%.
As of April 2012, this Blackrock mutual fund held 98 issues, with 4.68% of its total assets invested in EOG Resources.
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 3.17%.
The BlackRock mutual fund has an expense ratio of 0.78% compared to a category average of 0.95%.
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 five year annualized return of 6.78%.
Derek Schoenhofen is the fund manager and she has managed this BlackRock mutual 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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