Best BlackRock Mutual Funds: BlackRock Total Return Inv A (MDHQX)
Category: Intermediate-term bonds
BlackRock Total Return Inv A (MDHQX) has a diversified mix of intermediate-term bonds that stretches beyond the standard mix of U.S. treasury bonds and high-credit-quality corporate bonds. MDHQX includes high-yield and bank debt, commercial mortgage-backed securities and emerging-market bonds for an average credit rating of BBB.
With a 30-day SEC yield of 3.03%, MDHQX also delivers the goods for income investors. Like most other BlackRock funds, MDHQX has an above-average net expense ratio, which is 1.04%.
Past performance is below-average for the 10-year return, but the recent management changes, beginning four years ago, reveal a promising future with a 3-year return of 5.7%, which beats 93% of category peers.
The minimum initial investment for MDHQX is $1,000.