BlackRock Inc. is one of the world’s largest asset management firms. With over $3.792 trillion worth of assets under management across all spectrums of financial assets and a geographical reach in over 30 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 Global Allocation Investor A (MDLOX) seeks high 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 (REITs). The fund has a five year annualized return of 3.29%.
The BlackRock mutual fund has a minimum initial investment of $1,000 and an expense ratio of 1.07% compared to a category average of 1.18%.
BlackRock Managed Volatility Investor 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 3.80%.
Philip Green is the fund manager and he has managed this BlackRock mutual fund since 2006.
BlackRock Global SmallCap Investor A (MDGCX) seeks capital appreciation over the long term. The fund invests a large share of its assets in small cap equity securities. The issuers of these securities must be identical to firms included in the MSCI World Small Cap Index. A minimum of 40% of its assets are invested in foreign securities. The fund has a five year annualized return of 3.61%.
As of February 2013, this Blackrock mutual fund held 203 issues, with 1.99% of its total assets invested in Africa Oil Corp.
BlackRock California Municipal Bond Investor A (MECMX) 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 4.28%.
The BlackRock mutual fund has a minimum initial investment of $1,000 and an expense ratio of 0.91% compared to a category average of 0.93%.
BlackRock High Yield Municipal Investor A (MDYHX) seeks appreciably high income on which Federal income taxes are not levied. The fund invests heavily in municipal bonds. It may also invest in municipal bonds regardless of their ratings. The fund has a five year annualized return of 5.63%.
Theodore Jaeckel Jr. is the fund manager and he has managed this BlackRock mutual fund since 2006.
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.
More From Zacks.com