BlackRock Inc. (NYSE:BLK) 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 High Yield Bond Portfolio Investor A Shares BHYAX seeks maximization of returns, consistent with a high level of income. BHYAX invests a bulk of its assets in high-yield bonds. The fund may invest a maximum of 30% 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 has returned 9.9% over last year.
BHYAX has an expense ratio of 0.92% compared with the category average of 1.03%.
BlackRock Allocation Target Shares Series C BRACX 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 5.7% in a year’s time.
Jeffrey Cucunato has been one of the fund managers of BRACX since 2009.
BlackRock California Municipal Opportunities Fund Investor A1 MDCMX 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.
As of October 2017, MDCMX held 179 issues, with 2.08% of its assets invested in Antelope Valley Calif Cmnty Co Go 5.25%.
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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