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Trending ETFs

BlackRock Pennsylvania Municipal Bond Fund

mutual fund
MSPYX
Payout Change
Pending
Price as of:
$10.0 -0.02 -0.2%
primary theme
Municipal Bond
share class
S (MSPYX) A (MEPYX) Instl (MAPYX) K (MKPYX) Other (MDPYX) C (MFPYX)
MSPYX (Mutual Fund)

BlackRock Pennsylvania Municipal Bond Fund

Payout Change
Pending
Price as of:
$10.0 -0.02 -0.2%
primary theme
Municipal Bond
share class
S (MSPYX) A (MEPYX) Instl (MAPYX) K (MKPYX) Other (MDPYX) C (MFPYX)
MSPYX (Mutual Fund)

BlackRock Pennsylvania Municipal Bond Fund

Payout Change
Pending
Price as of:
$10.0 -0.02 -0.2%
primary theme
Municipal Bond
share class
S (MSPYX) A (MEPYX) Instl (MAPYX) K (MKPYX) Other (MDPYX) C (MFPYX)

Name

As of 12/13/2024

Price

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

BlackRock Pennsylvania Municipal Bond Fund

MSPYX | Fund

$10.00

$347 M

3.32%

$0.34

0.95%

Vitals

YTD Return

4.1%

1 yr return

4.8%

3 Yr Avg Return

-1.0%

5 Yr Avg Return

0.6%

Net Assets

$347 M

Holdings in Top 10

16.1%

52 WEEK LOW AND HIGH

$10.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.95%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 27.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$5,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 12/13/2024

Price

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

BlackRock Pennsylvania Municipal Bond Fund

MSPYX | Fund

$10.00

$347 M

3.32%

$0.34

0.95%

MSPYX - Profile

Distributions

  • YTD Total Return 4.1%
  • 3 Yr Annualized Total Return -1.0%
  • 5 Yr Annualized Total Return 0.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.72%
DIVIDENDS
  • Dividend Yield 3.3%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    BlackRock Pennsylvania Municipal Bond Fund
  • Fund Family Name
    BlackRock-advised Funds
  • Inception Date
    Oct 03, 2006
  • Shares Outstanding
    N/A
  • Share Class
    S
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Theodore Jaeckel

Fund Description

The Fund invests primarily in a portfolio of long-term investment grade Pennsylvania municipal bonds. Pennsylvania municipal bonds are debt obligations issued by or on behalf of a governmental entity in Pennsylvania 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 Pennsylvania personal income taxes. These may be obligations of a variety of issuers including governmental entities in Pennsylvania 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 Pennsylvania 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.
Read More

MSPYX - Performance

Return Ranking - Trailing

Period MSPYX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.1% -4.5% 38.3% 9.94%
1 Yr 4.8% -2.5% 44.5% 18.13%
3 Yr -1.0%* -10.2% 5.8% 77.46%
5 Yr 0.6%* -6.5% 1104.9% 68.58%
10 Yr 1.8%* -0.9% 249.0% 41.96%

* Annualized

Return Ranking - Calendar

Period MSPYX Return Category Return Low Category Return High Rank in Category (%)
2023 2.6% -1.4% 41.0% 58.38%
2022 -14.2% -39.7% 0.3% 83.21%
2021 0.5% -5.6% 6.9% 15.12%
2020 1.0% -2.6% 310.0% 81.65%
2019 2.7% 0.0% 26.0% 83.59%

Total Return Ranking - Trailing

Period MSPYX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.1% -4.5% 38.3% 9.94%
1 Yr 4.8% -2.5% 44.5% 18.13%
3 Yr -1.0%* -10.2% 5.8% 77.46%
5 Yr 0.6%* -6.5% 1104.9% 68.58%
10 Yr 1.8%* -0.9% 249.0% 41.96%

* Annualized

Total Return Ranking - Calendar

Period MSPYX Return Category Return Low Category Return High Rank in Category (%)
2023 6.1% -1.3% 41.0% 39.66%
2022 -11.8% -39.7% 1.1% 84.03%
2021 3.2% -4.8% 23761504.0% 14.91%
2020 3.5% -1.5% 17057.9% 60.36%
2019 6.2% 0.2% 3514.6% 58.46%

NAV & Total Return History

MSPYX - Holdings

Concentration Analysis

MSPYX Category Low Category High MSPYX % Rank
Net Assets 347 M 3.22 M 71.9 B 57.12%
Number of Holdings 179 4 13418 64.61%
Net Assets in Top 10 56 M -317 M 3.09 B 62.53%
Weighting of Top 10 16.13% 1.8% 100.3% 56.85%

Top 10 Holdings

  1. PHILADELPHIA PA AUTH FOR INDL DEV REVENUES 2.29%
  2. CMWLTH FING AUTH PA TOBACCO MASTER SETTLEMENT PAYMENT REV 1.94%
  3. GEISINGER PA AUTH HLTH SYS REVENUE 1.75%
  4. PENNSYLVANIA ST TURNPIKE COMMISSION OIL FRANCHISE TAX REVENU 1.59%
  5. STATE PUBLIC SCH BLDG AUTH PA LEASE REVENUE 1.49%
  6. POTTSVILLE PA HOSP AUTH 1.46%
  7. MONTGOMERY CNTY PA INDL DEV AUTH 1.44%
  8. PENNSYLVANIA ST TURNPIKE COMMISSION TURNPIKE REVENUE 1.40%
  9. PENNSYLVANIA ST TURNPIKE COMMISSION TURNPIKE REVENUE 1.40%
  10. PENNSYLVANIA ST HGR EDUCTNL FACS AUTH REVENUE 1.37%

Asset Allocation

Weighting Return Low Return High MSPYX % Rank
Bonds 		99.79% 0.00% 150.86% 25.70%
Cash 		0.33% -50.86% 44.62% 73.47%
Stocks 		0.00% 0.00% 99.78% 29.06%
Preferred Stocks 		0.00% 0.00% 0.07% 16.12%
Other 		0.00% -3.69% 53.54% 26.73%
Convertible Bonds 		0.00% 0.00% 0.93% 15.78%

Bond Sector Breakdown

Weighting Return Low Return High MSPYX % Rank
Municipal 		97.87% 44.39% 100.00% 57.11%
Cash & Equivalents 		0.33% 0.00% 44.41% 45.13%
Derivative 		0.00% -3.69% 53.54% 24.31%
Securitized 		0.00% 0.00% 5.93% 17.46%
Corporate 		0.00% 0.00% 9.41% 29.74%
Government 		0.00% 0.00% 52.02% 21.24%

Bond Geographic Breakdown

Weighting Return Low Return High MSPYX % Rank
US 		99.79% 0.00% 142.23% 24.24%
Non US 		0.00% 0.00% 23.89% 20.28%

MSPYX - Expenses

Operational Fees

MSPYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.95% 0.01% 8.02% 31.72%
Management Fee 0.52% 0.00% 1.20% 89.33%
12b-1 Fee 0.25% 0.00% 1.00% 40.03%
Administrative Fee N/A 0.01% 0.44% N/A

Sales Fees

MSPYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 4.75% N/A
Deferred Load N/A 0.25% 5.00% N/A

Trading Fees

MSPYX 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.

MSPYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 27.00% 0.00% 283.00% 74.16%

MSPYX - Distributions

Dividend Yield Analysis

MSPYX Category Low Category High MSPYX % Rank
Dividend Yield 3.32% 0.00% 14.51% 29.26%

Dividend Distribution Analysis

MSPYX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

MSPYX Category Low Category High MSPYX % Rank
Net Income Ratio 2.72% -0.53% 5.33% 11.90%

Capital Gain Distribution Analysis

MSPYX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

MSPYX - Fund Manager Analysis

Managers

Theodore Jaeckel

Start Date

Tenure

Tenure Rank

Dec 07, 2006

15.49

15.5%

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.

Walter O'Connor

Start Date

Tenure

Tenure Rank

Dec 07, 2006

15.49

15.5%

Walter O’Connor, CFA, is a Managing Director and Co-Head of the Municipal Funds team within BlackRock’s Global Fixed Income Group. He is also a member of the Municipal Bond Operating Committee, which oversees all municipal bond portfolio management, research and trading activities. Mr. O’Connor’s service with the firm dates back to 1991, including his years with Merrill Lynch Investment Managers (MLIM), which merged with BlackRock in 2006. At MLIM, he was a portfolio manager for municipal bond retail mutual funds. Prior to joining MLIM, Mr. O’Connor was with Prudential Securities, where he was involved in trading, underwriting, and arbitrage for municipal securities and financial futures. Mr. O’Connor earned a B.A. degree in finance and philosophy from the University of Notre Dame in 1984.

Phillip Soccio

Start Date

Tenure

Tenure Rank

Sep 29, 2009

12.68

12.7%

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

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