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Headquartered in New York City, BlackRock Inc. is one of the world’s premier asset management companies. Since its inception in 1988, the company has offered investment, advisory and risk management solutions in various asset classes like equity, fixed income, cash management, alternative investment, and real estate.

Blackrock employees more than 19,000 people and is present in more than 36 countries. The company’s client base includes corporate, public, and pension plans for unions, governments, insurance companies, third-party mutual funds, endowments, foundations, charities, corporations, official institutions, sovereign wealth funds, banks, financial professionals and individuals worldwide.

BlackRock was founded as a stand-alone investment management company that focuses on providing asset and risk management services to clients. As of Jun 30, 2023, the company manages around $9.4 trillion in assets under management and is the world’s largest asset manager.

Uncertainties over the Federal Reserve’s interest decision could impact corporate performance, which will impact stock prices, making it risky for investors. Blackrock mutual funds can be a preferred choice for investors who wish to diversify their portfolio but lack the necessary expertise to manage their own funds. The fund house has a reputation as a trusted partner and has long-term financial success.

We have thus selected three Blackrock mutual funds that have not only preserved investors’ wealth but also generated excellent returns amid such a volatile market condition. These funds have the majority of their investments in sectors such as technology, finance, retail and energy, which are expected to perform well in the long term.

These funds boast a Zacks Mutual Fund Rank #1 (Strong Buy) or 2 (Buy), have positive three-year and five-year annualized returns, minimum initial investments within $5000, and carry a low expense ratio than the category average. Notably, mutual funds, in general, reduce transaction costs and diversify portfolios without an array of commission charges mostly associated with stock purchases.

BlackRock Mid-Cap Value Fund (MDRFX - Free Report) invests most of its assets along with borrowings, if any, in a diversified portfolio of equity securities of mid-cap companies. MDRFX advisors prefer to invest in dividend-paying securities.

Tony DeSpirito has been the lead manager of MDRFX since Jun 11, 2017. Most of the fund’s exposure was in companies like Leidos Holdings (2.4%), Cognizant Technologizes (2.3%) and Baxter International (2.3%) as of Jul 31, 2023.

MDRFX’s three-year and five-year annualized returns are almost 10.6% and 9.7%, respectively. MDRFX has a Zacks Mutual Fund Rank #1 and an annual expense ratio of 0.99% compared to the category average of 1.01%.

BlackRock Large Cap Focus Value Fund (MDBAX - Free Report) seeks capital appreciation along with current income by investing most of its assets along with borrowings, if any, in large-cap equity securities and derivatives that have similar economic characteristics to such securities. MDBAX advisors primarily choose to invest in equity securities of undervalued companies.

Joseph E. Wolfe has been the lead manager of MDBAX since Mar 29, 2017. Most of the fund’s exposure is in companies like Wells Fargo (3.3%), Kraft Heinz (3.0%) and Shell PLC (2.9%) as of Sep 30, 2023.

MDBAX’s three-year and five-year annualized returns are almost 9.9% and 8.0%, respectively. MDBAXhas a Zacks Mutual Fund Rank #2 and an annual expense ratio of 0.83% compared to the category average of 0.94%.

BlackRock Advantage Large Cap Core Fund (MDLRX - Free Report) invests most of its assets along with borrowings, if any, in large-cap equity securities and derivatives that have similar economic characteristics. MDLRX advisors generally invest in common stocks, preferred stocks and convertible securities with characteristics similar to the stock listed on the Russell 1000 Index.

Raffaele Savi has been the lead manager of MDLRX since Jun 11, 2017. Most of the fund’s exposure is in companies like Apple (7%), Microsoft (7%) and Amazon.com (4%) as of Aug 31, 2023.

MDLRX’s three-year and five-year annualized returns are almost 8.4% and 11.4%, respectively. MDLRX has a Zacks Mutual Fund Rank #2 and an annual expense ratio of 0.73% compared to the category average of 0.84%.

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