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3 Best BlackRock Mutual Funds for Stupendous Returns

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BlackRock Inc. (BLK - Free Report) had a total of $5.7 trillion assets under management (as of Jun 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 an 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 Allocation Target Shares Series C (BRACX - Free Report) seeks growth of returns through effective investment management and income generation. BRACX invests in a wide variety of securities like debentures, corporate bonds, residential and commercial mortgage-backed securities, asset-backed securities, government bonds, etc.  BlackRock Allocation Target Shares Series C has returned 5% in a year.

As of December 2017, BRACX held 495 issues, with 1.12% of its assets invested in Anheuser Busch Inbev Fin 3.3%.

BlackRock Exchange Portfolio BlackRock Shares (STSEX - Free Report) seeks appreciation of capital and income for the long run. STSEX primarily invests in a broad portfolio of common stocks or convertible securities that have growth potential for 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 20.9% in a year’s time.

Lawrence Kemp is the fund manager of STSEX since 2013.

BlackRock California Municipal Opportunities Fund Investor A1 (MDCMX - Free Report) invests a bulk of its assets in California municipal bonds. MDCMX invests at least half of its assets in investment-grade securities. The fund may also invest in fixed-rate and variable-rate obligations. The fund seeks to offer income free from Federal and California income taxes. BlackRock California Municipal Opportunities Fund Investor A1 has returned 6.4% over the last one-year period.

MDCMX has an expense ratio of 0.56% compared with the category average of 0.77%.

To view the Zacks Rank and past performance of all BlackRock mutual funds, investors can click here to see the complete list of diversified bond funds.

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