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 $3.936 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 balance between risk and return.
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 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 three year annualized return of 6.29%.
The BlackRock mutual fund has an expense ratio of 0.97% compared to a category average of 0.98%.
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 three year annualized return of 10.58%.
Derek Schoenhofen is the fund manager and he has managed this BlackRock mutual fund since 2009.
BlackRock Managed Volatility Investor A (PCBAX) seeks full return. The fund 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 three year annualized return of 9.27%.
As of June 2013, this Blackrock mutual fund held 566 issues, with 10.56% of its total assets invested in Financial Select Sector SPDR.
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 three year annualized return of 3.71%.
The BlackRock mutual fund has an expense ratio of 1.33% compared to a category average of 1.56%.
BlackRock Global Allocation Investor A (MDLOX) seeks to provide high return on investment. The fund invests in 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 three year annualized return of 8.37%.
Dennis Stattman is the fund manager and he has managed this BlackRock mutual fund since 1989.
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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