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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 $3.792 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 Natural Resources A (MDGRX - MF report) 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 three year annualized return of 5.57%.
The BlackRock mutual fund has a minimum initial investment of $1,000 and an expense ratio of 1.12% compared to a category average of 1.58%.
BlackRock All-Cap Energy & Resources Investor A (BACAX - MF report) invests the majority of its assets in equity securities of global energy and natural resources companies and companies in related businesses. A minimum of 25% of its assets are invested in energy or natural resources firms. The fund has a three year annualized return of 0.45%.
Denis Walsh, III is the fund manager and he has managed this BlackRock mutual fund since 2005.
BlackRock High Yield Bond A (BHYAX - MF report) seeks maximum total return. The fund invests a large share 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 10.98%.
As of March 2013, this Blackrock mutual fund held 866 issues, with 1.67% of its total assets invested in Hilton Worldwide Inc Mezzanine F F-7a.
BlackRock Global Allocation Investor A (MDLOX - MF report) 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 three year annualized return of 6.08%.
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 1.19%.
BlackRock High Yield Municipal Investor A (MDYHX - MF report) 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 9.62%.
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.