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One of the world’s premier asset management firms, BlackRock Inc. offers a range of risk management, strategic advisor and enterprise investment system services. With over $238 billion worth of assets under management (excluding money market assets), 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 to strike the right balance between risk and opportunities.
Below we share with you 3 top-rated BlackRock funds. Each has earned a Zacks Mutual Fund Rank #1 (Strong Buy) and is expected to outperform its peers in the future. To view the Zacks Rank and past performance of all BlackRock mutual funds, investors can click here to see the complete list of BlackRock funds.
BlackRock Equity Dividend Investor A (MDDVX) seeks total return and current income over the long run. MDDVX maintains a diversified portfolio by investing the lion’s share of its assets in equity securities of companies that are expected to provide dividend income. Though MDDVX primarily focuses on acquiring securities of large-cap companies, it may also invest its assets in small- and mid-cap ones. MDDVX may also invest not more than 25% of its assets in securities of foreign companies. The BlackRock Equity Dividend Investor A fund has a three-year annualized return of 7.7%.
MDDVX has an expense ratio of 0.96% as compared to the category average of 1.11%.
BlackRock Low Duration Bond Investor A1 (CMGAX) invests a large chunk of its assets in debt securities that are rated investment grade. CMGAX may invest a maximum of 20% of its assets in non-investment grade bonds, commonly known as “junk bonds.” Not more than CMGAX’s assets may get invested in foreign securities with a maximum of 10% invested in securities form emerging markets. CMGAX is expected to maintain an average duration of portfolio of 0–3 years. The BlackRock Low Duration Bond Investor A1 fund has a three-year annualized return of 1%.
Scott MacLellan and Thomas Musmanno are the fund managers of CMGAX.
Managed Account Mid Cap Value Opportunities (MMCVX) seeks growth of capital. MMCVX invests the major portion of its assets in equities of companies having market capitalization within the universe of the S&P MidCap 400 Value Index. MMCVX may invest not more than 30% in non-US firms. MMCVX may also consider non-dollar denominated securities for investment. The Managed Account Mid Cap Value Opportunities fund has a three-year annualized return of 7%.
As of November 2015, MMCVX held 118 issues with 2.17% of its assets invested in Owens & Minor Inc.
To view the Zacks Rank and past performance of all BlackRock mutual funds, investors can click here to see the complete list of funds.
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 http://www.zacks.com/funds.
(We are reissuing this article to correct a mistake. The original article, issued on Jan 14, 2016, should no longer be relied upon.)
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