Top 5 Blackrock Mutual Funds - Best of Fund Family

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 $3.45 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 Utilities & Telecomm A (MDGUX) 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 returned 6.37% over the last one year period.

Kathleen M. Anderson is the fund manager and he has managed this BlackRock fund since 2002.

BlackRock Global Allocation A (MDLOX) seeks total return. It invests in domestic and foreign equity and debt securities as well as money market instruments. Up to 35% of its assets may be used to purchase debt securities rated below investment grade. It may also invest in real estate investment trusts. The fund has a ten year annualized return of 8.56%.

As of October 2010, this fund held 700 issues, with 2.57% of its total assets invested in US Treasury Note 3.5%.

B> BlackRock High Income A (MDHIX) 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 8.08%.

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 1.20%.

BlackRock High Yield Bond A (BHYAX) seeks both capital growth and a steady income flow. It focuses on purchasing bonds rated at investment grade with maturity periods of ten years or less. Up to 10% of its assets may be used to purchase foreign bonds denominated in currencies other than the U.S. dollar. The fund returned 17.96% in the last one year period and has a ten year annualized return of 8.83%.

James S. Keenan is the fund manager and he has managed this BlackRock fund since 2007.

BlackRock Government Income A (CCGAX) invests heavily in securities issued or mortgages guaranteed by the US Government and related agencies which have been assigned the highest ratings. The average maturity period of these bonds are between ten and fifteen years. The fund has a five year annualized return of 4.18%.

The BlackRock mutual fund has a minimum initial investment of $1,000 and an expense ratio of 0.90% compared to a category average of 1.00%.

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 http://www.zacks.com/funds/mutualfund/