BlackRock Inc. is one of the world’s leading asset management firms and offers a range of risk management, strategic advisor and enterprise investment system services. With over $3.56 trillion worth of assets under management, the company caters to institutional, intermediary as well as individual investors. Its offerings range from individual and institutional separate accounts, mutual funds and other pooled investment options. BlackRock aims to provide a wide range of investment solutions, helping investors strike a 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.
BlackRock Asset Allocation A (PCBAX) seeks high total return. Dollar-denominated bonds rated investment grade constitute a large share of its investments. Not more than 20% of its assets may be utilized to purchase emerging market securities, junk bonds and bonds denominated in currencies other than the dollar. The fund returned 17.65% in the last one year period.
The BlackRock mutual fund has a minimum initial investment of $1,000 and an expense ratio of 1.20% compared to a category average of 1.01%.
BlackRock Global SmallCap A (MDGCX) invests heavily in small-cap equity securities. Companies issuing these securities must have market capitalizations identical to those which are included in the MSCI World Small Cap Index. At least 40% of its assets are utilized to purchase foreign securities. The fund has a five year annualized return of 5.94%.
John D. Coyle is the fund manager and he has managed this BlackRock mutual fund since 2005.
B> BlackRock High Income A (MDHIX) seeks high current income. The fund invests heavily in fixed income securities. These are generally rated relatively low by at least one recognized rating agency. It may also purchase unrated securities of comparable value. The fund has a three year annualized return of 11.06%.
The BlackRock mutual fund has a minimum initial investment of $1,000 and an expense ratio of 0.97% compared to a category average of 1.18%.
BlackRock Natural Resources A (MDGRX) invests the majority of its assets in equity securities of companies whose assets consist of natural resources to a substantial degree. The fund may also invest in securities whose value is related to the market value of a natural asset. The fund returned 34.19% over the last one year period.
As of January 2011, this BlackRock mutual fund held 96 issues, with 8.85% of its total assets invested in BlackRock Liquidity TempFund Instl.
BlackRock Utilities & Telecomm A (MDGUX) seeks both current income and capital growth. The fund invests the majority of its assets in domestic and foreign utilities and telecom companies. It may purchase both equity and fixed-income securities. It may invest in both developed and emerging markets. The fund has a ten year annualized return of 4.64%.
Kathleen M. Anderson is the fund manager and he has managed this BlackRock fund since 2002.
To view the Zacks Rank and past performance of all BlackRock funds, then click here.