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BlackRock New Jersey Municipal Bond Fund
mutual fund
MFNJX
Payout Change
Pending
Price as of:
$10.33
-0.05
-0.48%
primary theme
Municipal Bond
share class
MFNJX (Mutual Fund)
BlackRock New Jersey Municipal Bond Fund
Payout Change
Pending
Price as of:
$10.33
-0.05
-0.48%
primary theme
Municipal Bond
share class
MFNJX (Mutual Fund)
BlackRock New Jersey Municipal Bond Fund
Payout Change
Pending
Price as of:
$10.33
-0.05
-0.48%
primary theme
Municipal Bond
share class
Name
As of 12/12/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
1.6%
1 yr return
3.3%
3 Yr Avg Return
-1.3%
5 Yr Avg Return
0.1%
Net Assets
$300 M
Holdings in Top 10
28.9%
52 WEEK LOW AND HIGH
$10.4
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.70%
SALES FEES
Front Load N/A
Deferred Load 1.00%
TRADING FEES
Turnover 16.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/12/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
MFNJX - Profile
Distributions
- YTD Total Return 1.6%
- 3 Yr Annualized Total Return -1.3%
- 5 Yr Annualized Total Return 0.1%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 2.06%
- Dividend Yield 2.4%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameBlackRock New Jersey Municipal Bond Fund
-
Fund Family NameBlackRock-advised Funds
-
Inception DateOct 03, 2006
-
Shares OutstandingN/A
-
Share ClassC
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerTheodore Jaeckel
Fund Description
The Fund invests primarily in a portfolio of long-term investment grade New Jersey municipal bonds. New Jersey municipal bonds are debt obligations issued by or on behalf of a governmental entity in New Jersey or other qualifying issuer that pay interest that, in the opinion of bond counsel, is excludable from gross income for Federal income tax purposes (except that interest may be includable in taxable income for purposes of the Federal alternative minimum tax) and exempt from New Jersey personal income taxes. These bonds may be obligations of a variety of issuers including governmental entities in New Jersey and issuers located in Puerto Rico, the U.S. Virgin Islands and Guam. Under normal circumstances, the Fund will invest at least 80% of its assets in New Jersey municipal bonds. At least 80% of the Fund’s assets will be invested in investment grade securities. Investment grade securities are securities which are rated in the four highest categories by at least one of the major rating agencies or determined by the management team to be of similar quality. When choosing investments, Fund management considers various factors, including the credit quality of issuers, yield analysis, maturity analysis and the call features of the obligations. Under normal circumstances, the Fund’s weighted average maturity will be more than ten years.
The Fund may leverage its assets through the use of proceeds received through tender option bond transactions. In a tender option bond transaction, the Fund transfers municipal bonds or other municipal securities into a special purpose entity (a “TOB Trust”). A TOB Trust typically issues two classes of beneficial interests: short-term floating rate interests (“TOB Floaters”), which are sold to third party investors, and residual inverse floating rate interests (“TOB Residuals”), which are generally issued to the Fund. The Fund may invest in TOB Residuals and may also invest in TOB Floaters. The Fund will look through to the underlying municipal bond held by a TOB Trust for purposes of the Fund’s 80% policy.
MFNJX - Performance
Return Ranking - Trailing
| Period | MFNJX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 1.6% | -4.5% | 38.3% | 84.96% |
| 1 Yr | 3.3% | -2.5% | 44.5% | 68.84% |
| 3 Yr | -1.3%* | -10.2% | 5.8% | 84.08% |
| 5 Yr | 0.1%* | -6.5% | 1104.9% | 85.83% |
| 10 Yr | 1.4%* | -0.9% | 249.0% | 62.16% |
* Annualized
Return Ranking - Calendar
| Period | MFNJX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 3.9% | -1.4% | 41.0% | 14.34% |
| 2022 | -13.0% | -39.7% | 0.3% | 71.33% |
| 2021 | 0.3% | -5.6% | 6.9% | 21.86% |
| 2020 | 1.3% | -2.6% | 310.0% | 69.12% |
| 2019 | 4.0% | 0.0% | 26.0% | 40.17% |
Total Return Ranking - Trailing
| Period | MFNJX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 1.6% | -4.5% | 38.3% | 84.96% |
| 1 Yr | 3.3% | -2.5% | 44.5% | 68.84% |
| 3 Yr | -1.3%* | -10.2% | 5.8% | 84.08% |
| 5 Yr | 0.1%* | -6.5% | 1104.9% | 85.83% |
| 10 Yr | 1.4%* | -0.9% | 249.0% | 62.16% |
* Annualized
Total Return Ranking - Calendar
| Period | MFNJX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 6.8% | -1.3% | 41.0% | 21.55% |
| 2022 | -11.0% | -39.7% | 1.1% | 74.06% |
| 2021 | 2.2% | -4.8% | 23761504.0% | 34.36% |
| 2020 | 2.6% | -1.5% | 17057.9% | 82.07% |
| 2019 | 6.6% | 0.2% | 3514.6% | 48.60% |
NAV & Total Return History
MFNJX - Holdings
Concentration Analysis
| MFNJX | Category Low | Category High | MFNJX % Rank | |
|---|---|---|---|---|
| Net Assets | 300 M | 3.22 M | 71.9 B | 61.96% |
| Number of Holdings | 182 | 4 | 13418 | 64.00% |
| Net Assets in Top 10 | 86.5 M | -317 M | 3.09 B | 48.82% |
| Weighting of Top 10 | 28.86% | 1.8% | 100.3% | 13.64% |
Top 10 Holdings
- BlackRock Liquidity Funds: MuniCash, Institutional Shares 8.94%
- GARDEN ST PRESERVATION TRUST NJ OPEN SPACE FARMLAND PRESER 3.32%
- ESSEX CNTY NJ IMPT AUTH 2.57%
- NEW JERSEY ST TRANSPRTN TRUST FUND AUTH 2.50%
- NEW JERSEY ST HLTH CARE FACS FING AUTH REVENUE 2.04%
- UNION CNTY NJ UTILITIES AUTH RESOURCE RECOVERY FAC LEASE REV 1.99%
- NEW JERSEY ST TRANSPRTN TRUST FUND AUTH 1.95%
- NEW JERSEY ST TRANSPRTN TRUST FUND AUTH 1.93%
- NEW JERSEY ST TRANSPRTN TRUST FUND AUTH 1.88%
- NEW JERSEY ST HLTH CARE FACS FING AUTH REVENUE 1.74%
Asset Allocation
| Weighting | Return Low | Return High | MFNJX % Rank | |
|---|---|---|---|---|
| Bonds | 91.17% | 0.00% | 150.86% | 94.36% |
| Cash | 8.94% | -50.86% | 44.62% | 4.43% |
| Stocks | 0.00% | 0.00% | 99.78% | 40.20% |
| Preferred Stocks | 0.00% | 0.00% | 0.07% | 31.09% |
| Other | 0.00% | -3.69% | 53.54% | 39.69% |
| Convertible Bonds | 0.00% | 0.00% | 0.93% | 30.55% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | MFNJX % Rank | |
|---|---|---|---|---|
| Municipal | 90.86% | 44.39% | 100.00% | 92.78% |
| Cash & Equivalents | 8.94% | 0.00% | 44.41% | 4.23% |
| Derivative | 0.00% | -3.69% | 53.54% | 38.08% |
| Securitized | 0.00% | 0.00% | 5.93% | 31.63% |
| Corporate | 0.00% | 0.00% | 9.41% | 42.41% |
| Government | 0.00% | 0.00% | 52.02% | 35.06% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | MFNJX % Rank | |
|---|---|---|---|---|
| US | 91.17% | 0.00% | 142.23% | 94.02% |
| Non US | 0.00% | 0.00% | 23.89% | 35.19% |
MFNJX - Expenses
Operational Fees
| MFNJX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.70% | 0.01% | 8.02% | 5.65% |
| Management Fee | 0.52% | 0.00% | 1.20% | 89.60% |
| 12b-1 Fee | 1.00% | 0.00% | 1.00% | 87.00% |
| Administrative Fee | N/A | 0.01% | 0.44% | N/A |
Sales Fees
| MFNJX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 0.50% | 4.75% | N/A |
| Deferred Load | 1.00% | 0.25% | 5.00% | 37.41% |
Trading Fees
| MFNJX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 1.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| MFNJX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 16.00% | 0.00% | 283.00% | 44.07% |
MFNJX - Distributions
Dividend Yield Analysis
| MFNJX | Category Low | Category High | MFNJX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 2.42% | 0.00% | 14.51% | 65.17% |
Dividend Distribution Analysis
| MFNJX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
| MFNJX | Category Low | Category High | MFNJX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 2.06% | -0.53% | 5.33% | 44.46% |
Capital Gain Distribution Analysis
| MFNJX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Nov 29, 2024 | $0.021 | OrdinaryDividend |
| Oct 31, 2024 | $0.022 | OrdinaryDividend |
| Sep 30, 2024 | $0.022 | OrdinaryDividend |
| Aug 30, 2024 | $0.022 | OrdinaryDividend |
| Jul 31, 2024 | $0.022 | OrdinaryDividend |
| Apr 30, 2024 | $0.022 | OrdinaryDividend |
| Mar 28, 2024 | $0.022 | OrdinaryDividend |
| Feb 29, 2024 | $0.023 | OrdinaryDividend |
| Jan 31, 2024 | $0.022 | OrdinaryDividend |
| Dec 29, 2023 | $0.022 | OrdinaryDividend |
| Nov 30, 2023 | $0.022 | OrdinaryDividend |
| Oct 31, 2023 | $0.022 | OrdinaryDividend |
| Sep 29, 2023 | $0.022 | OrdinaryDividend |
| Aug 31, 2023 | $0.022 | OrdinaryDividend |
| Jul 31, 2023 | $0.021 | OrdinaryDividend |
| Jun 30, 2023 | $0.022 | OrdinaryDividend |
| May 31, 2023 | $0.022 | OrdinaryDividend |
| Apr 28, 2023 | $0.021 | OrdinaryDividend |
| Mar 31, 2023 | $0.021 | OrdinaryDividend |
| Feb 28, 2023 | $0.022 | OrdinaryDividend |
| Jan 31, 2023 | $0.021 | OrdinaryDividend |
| Dec 30, 2022 | $0.021 | OrdinaryDividend |
| Nov 30, 2022 | $0.021 | OrdinaryDividend |
| Oct 31, 2022 | $0.021 | OrdinaryDividend |
| Sep 30, 2022 | $0.020 | OrdinaryDividend |
| Aug 31, 2022 | $0.019 | OrdinaryDividend |
| Jul 29, 2022 | $0.019 | OrdinaryDividend |
| Jun 30, 2022 | $0.019 | OrdinaryDividend |
| May 31, 2022 | $0.019 | OrdinaryDividend |
| Apr 29, 2022 | $0.017 | OrdinaryDividend |
| Mar 31, 2022 | $0.016 | OrdinaryDividend |
| Feb 28, 2022 | $0.017 | OrdinaryDividend |
| Jan 31, 2022 | $0.015 | OrdinaryDividend |
| Dec 31, 2021 | $0.015 | OrdinaryDividend |
| Nov 30, 2021 | $0.015 | OrdinaryDividend |
| Oct 29, 2021 | $0.015 | OrdinaryDividend |
| Sep 30, 2021 | $0.015 | OrdinaryDividend |
| Aug 31, 2021 | $0.014 | OrdinaryDividend |
| Jul 30, 2021 | $0.015 | OrdinaryDividend |
| Jun 30, 2021 | $0.017 | OrdinaryDividend |
| May 28, 2021 | $0.017 | OrdinaryDividend |
| Apr 30, 2021 | $0.018 | OrdinaryDividend |
| Mar 31, 2021 | $0.018 | OrdinaryDividend |
| Feb 26, 2021 | $0.020 | OrdinaryDividend |
| Jan 29, 2021 | $0.019 | OrdinaryDividend |
| Dec 31, 2020 | $0.020 | OrdinaryDividend |
| Dec 08, 2020 | $0.000 | OrdinaryDividend |
| Nov 30, 2020 | $0.020 | OrdinaryDividend |
| Oct 30, 2020 | $0.019 | OrdinaryDividend |
| Sep 30, 2020 | $0.020 | OrdinaryDividend |
| Jun 30, 2020 | $0.022 | OrdinaryDividend |
| Apr 30, 2020 | $0.022 | OrdinaryDividend |
| Dec 31, 2019 | $0.022 | OrdinaryDividend |
| Dec 10, 2019 | $0.000 | CapitalGainShortTerm |
| Nov 29, 2019 | $0.021 | OrdinaryDividend |
| Oct 31, 2019 | $0.021 | OrdinaryDividend |
| Sep 30, 2019 | $0.022 | OrdinaryDividend |
| Aug 30, 2019 | $0.022 | OrdinaryDividend |
| Jul 31, 2019 | $0.022 | OrdinaryDividend |
| Dec 07, 2018 | $0.000 | CapitalGainShortTerm |
| Dec 08, 2017 | $0.002 | CapitalGainShortTerm |
| Dec 04, 2015 | $0.002 | CapitalGainShortTerm |
| Dec 17, 2013 | $0.001 | CapitalGainShortTerm |
| Dec 19, 2012 | $0.015 | CapitalGainShortTerm |
| Dec 20, 2010 | $0.001 | CapitalGainShortTerm |
| Dec 20, 2007 | $0.008 | CapitalGainShortTerm |
MFNJX - Fund Manager Analysis
Managers
Theodore Jaeckel
Start Date
Tenure
Tenure Rank
Oct 02, 2006
15.67
15.7%
Jaeckel Jr. is managing director at BlackRock. He joined BlackRock following the merger with Merrill Lynch Investment Managers (MLIM) in 2006. He is a member of BlackRock's Fixed Income Portfolio Management Group. Prior to joining MLIM in 1990, he was a municipal bond trader with Chemical Bank. Jaeckel holds the Chartered Financial Analyst designation.
Phillip Soccio
Start Date
Tenure
Tenure Rank
May 26, 2017
5.02
5.0%
Phillip Soccio, CFA, Director and portfolio manager, is a member of the BlackRock's Fixed Income Portfolio Management Group.Prior to assuming his current role in 2007, Mr. Soccio was a member of BlackRock's Cash Management Group, where he was responsible for managing various tax-exempt money market funds. From 1998 to 2000, he was a member of BlackRock's Account Management Group responsible for institutional client service and marketing support. Mr. Soccio began his career at BlackRock in 1998.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 35.05 | 7.36 | 1.58 |
