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 $3.345 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 opportunities.
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, then click here.
BlackRock National Municipal A (MDNLX) invests the majority of its assets in municipal bonds. A minimum of 65% of the fund’s assets are utilized to purchase investment grade municipal bonds or securities of similar quality. The fund has a ten year annualized return of 3.76%.
Walter R. O'Connor is the fund manager and he has managed this BlackRock fund since 1996.
BlackRock Global Allocation A (MDLOX - Free Report) seeks total return. The fund 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. The fund has a five year annualized return of 3.88%.
As of July 2011, this fund held 946 issues, with 1.85% of its total assets invested in US Treasury Note 3.5%.
BlackRock Balanced Capital A (MDCPX - Free Report) invests in debt as well as equity securities. A minimum of 25% of its assets are utilized to purchase senior fixed-income securities and at least 25% of its assets are invested in equity. The fund invests in debt securities without regard to their maturity period. The fund has a three year annualized return of 1.85%.
The BlackRock fund has a minimum initial investment of $1,000 and an expense ratio of 1.08% compared to a category average of 1.03%.
BlackRock Latin America A (MDLTX - Free Report) seeks capital growth over the long term. The fund invests a large share of its assets in Latin American securities. The fund focuses on acquiring equity securities issued by companies from this region regardless of their size. It may also invest n debt securities issued by government agencies, companies and financial institutions from the region. The fund has a ten year annualized return of 20.64
William Landers is the fund manager and he has managed this BlackRock fund since 2002.
BlackRock California Municipal Bond (MDCMX - Free Report) invests the majority of its assets in California municipal bonds and securities rated investment grade. The weighted average maturity period of its portfolio is usually higher than ten years. The fund returned 2.8% over the last one year period.
The BlackRock fund has an expense ratio of 0.78% compared to a category average of 0.96%.
To view the Zacks Rank and past performance of all BlackRock funds, then click here.
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 https://www.zacks.com/funds.