BlackRock Inc. BLK had a total of $5.4 trillion assets under management (as of March 31, 2017) across equity, fixed income, cash management, alternative investment, real estate and advisory strategies. It caters to institutional, intermediary and individual investors through a wide range of products and services.
BlackRock offers a array of risk management, strategic advisor and enterprise investment system services. Its offerings range from individual and institutional separate accounts to mutual funds and other pooled investment options. In order to strike a balance between risk and opportunities, BlackRock aims to provide a wide range of investment solutions to its clients.
Below we share with you three top-ranked BlackRock funds. Each has earned a Zacks Mutual Fund Rank #1 (Strong Buy) and is expected to outperform its peers in the future. Investors can click here to see the complete list of BlackRock funds, their Zacks Rank and past performance.
BlackRock High Yield Bond Portfolio Investor A Shares BHYAX seeks maximization of returns, consistent with a high level of income. BHYAX invests a bulk of its assets in high yield bonds. The fund may invest a maximum of 30% of its assets in bonds of foreign issuers which are non-dollar denominated. The fund may also invest in convertible as well as preferred securities. BlackRock High Yield Bond Portfolio Investor A Shares has returned 10.4% over the last one-year period.
BHYAX has an expense ratio of 0.92% compared with the category average of 1.06%.
BlackRock Credit Strategies Income Fund Investor A Shares BMSAX invests heavily in fixed-income securities issued by companies that are located in the U.S. as well as foreign countries including emerging markets. BMSAX seeks to offer appreciation of income and capital for the long run. BlackRock Credit Strategies Income Fund Investor A Shares has returned 6.1% over the last one-year period.
As of May 2017, BMSAX held 1391 issues, with 1.84% of its assets invested in iShares JPMorgan USD Emerg Markets Bond.
BlackRock Exchange Portfolio BlackRock Shares STSEX seeks appreciation of capital and income for the long run. STSEX primarily invests in a broad portfolio of common stocks or convertible securities which have growth potential in the long run. The fund normally invests in securities of companies that have mid to large market capitalization. BlackRock Exchange Portfolio BlackRock Shares has returned 14.2% over the last one-year period.
Lawrence Kemp is the fund manager of STSEX since 2013.
To view the Zacks Rank and past performance of all diversified bond mutual funds, investors can click here to see the complete list of diversified bond funds.
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