We have reinstated the Morningstar Analyst Rating™ of Bronze at BlackRock Commodities Income (BRCI); previously the fund’s rating was under review given the departure of manager Richard Davis. Olivia Ker has been a member of the Natural Resources team at BlackRock since 2011 and it’s a team of which we think highly. Deputy manager Tom Holl continues in this role, having acted as deputy to Richard Davis, bringing consistency. Given the depth of experience among team members and their collegial approach to fund management, we have sufficient confidence to reinstate the Bronze rating.
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