BlackRock Inc. BLK had a total of $6.3 trillion assets under management as of Dec 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 that 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 4.3% over last three years.
BHYAX has an expense ratio of 0.91% compared with the category average of 1.04%.
BlackRock Credit Strategies Income Fund Investor A Shares BMSAX invests heavily in fixed-income securities issued by companies located in the United States as well as foreign countries including the emerging markets. BMSAX seeks to offer appreciation of income and capital in the long run. BlackRock Credit Strategies Income Fund Investor A Shares has three-year annualized returns of 3.7%.
James Keenan has been one of the fund managers of BMSAX since 2016.
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 three-year annualized returns of 3.7%.
As of March 2018, MDCMX held 204 issues with 2.19% of its assets invested in LOS ANGELES CALIF DEPT ARPTS 5%.
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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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report BlackRock, Inc. (BLK): Free Stock Analysis Report Get Your Free (MDCMX): Fund Analysis Report Get Your Free (BMSAX): Fund Analysis Report Get Your Free (BHYAX): Fund Analysis Report To read this article on Zacks.com click here. Zacks Investment Research