As of December 31, 2016, BlackRock Inc. (BLK - Free Report) had a total of $5.1 trillion assets under management 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 range 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 - Free Report) seeks maximization of return, consistent with growth of income. BHYAX invests a bulk of its assets in high yield bonds. The fund may invest a maximum of one-third 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 returned 13% over the last one-year period.
BHYAX has an expense ratio of 0.92% compared with the category average of 1.08%.
BlackRock Credit Strategies Income Fund Investor A Shares (BMSAX - Free Report) invests heavily in fixed-income securities issued by companies that are located in the U.S. as well as foreign including emerging markets. BMSAX seeks to offer appreciation of income and capital for the long run. BlackRock Credit Strategies Income Fund Investor A Shares returned 7% over the last one-year period.
As of March 2017, BMSAXheld 1271 issues, with 2.00% of its assets invested in
iShares JPMorgan USD Emerg Markets Bond.
BlackRock Municipal Series Trust Strategic Municipal Opportunities Fund Investor A (MEMTX - Free Report) seeks to offer a high level of income, which are free from Federal income taxes. MEMTX invests the lion’s share of its assets in municipal bonds including government bonds. The fund may also invest up to half of its assets in bonds which are non-investment grade. BlackRock Municipal Series Trust Strategic Municipal Opportunities Fund Investor A returned 0.8% over the last one-year period.
Peter Hayes is one of the fund managers of MEMTX since 2014.
To view the Zacks Rank and past performance of all BlackRock funds, investors can click here to see the complete list of funds.
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