Mutual Fund Insights: BlackRock CA Muni Bd I Fund (MACMX)

In-depth Analysis of BlackRock CA Muni Bd I Fund (MACMX)

3 months 6 months 1 year 3 year 5 year

See BlackRock CA Muni Bd I Fund (MACMX) performance details as of January 31, 2010

  

Last Trade: $11.37 on 3/18/2010, Change: 0.00 (0%)

  

Fund Manager - Walter OConnor

Fund Manager Tenure: 16.2 years
Fundmojo Fund Grade: B (Score: 0.69)     (What does this score mean?)

Connor is Managing Director of BlackRock, Inc. since 2006. He is Managing Director of MLIM from 2003 to 2006 and Director (Municipal Tax-Exempt Fund Management) of MLIM from 2000 to 2003.  Get more insights on Walter OConnor

  

 What we like about BlackRock CA Muni Bd I Fund (MACMX)

Data for BlackRock CA Muni Bd I Fund (MACMX) as of January 31, 2010

• BlackRock CA Muni Bd I Fund (MACMX) management has been with BlackRock CA Muni Bd I Fund for 16.2 years
• BlackRock CA Muni Bd I Fund (MACMX) has good mid-term performance (3-year return 3.73% vs 1.89% Muni California Long category average)
• BlackRock CA Muni Bd I Fund (MACMX) has good Long-term performance (5-year return 3.48% vs 2.63% Muni California Long category average)
• BlackRock CA Muni Bd I Fund (MACMX) ratio of up-years vs down years is greater than 2
• BlackRock CA Muni Bd I Fund (MACMX) has a Morningstar rating of 4 and above
• BlackRock CA Muni Bd I Fund (MACMX) is less volatile than its peers as it has a 3-year Standard Deviation of 6.76, lower than category average of 8.45
• BlackRock CA Muni Bd I Fund (MACMX) has a lower management fee than its Muni California Long average: 0.76% vs 1.04%
• BlackRock CA Muni Bd I Fund (MACMX) is a true no-load fund as it has no load and no 12b1 promotion, distributions, marketing expenses

  

 What we are cautious about BlackRock CA Muni Bd I Fund (MACMX)

Data for BlackRock CA Muni Bd I Fund (MACMX) as of January 31, 2010

• BlackRock CA Muni Bd I Fund (MACMX) has a less-than-ideal short-term performance (1-year return 9.72% vs 12.39% Muni California Long category average)
• BlackRock CA Muni Bd I Fund (MACMX) has an annual stock turnover rate of 54.00% that is higher than the Muni California Long average of 32.53%. This could mean BlackRock CA Muni Bd I is more nimble, but also signal potential high tax impact and high trading fees

See BlackRock CA Muni Bd I Fund (MACMX) performance details as of January 31, 2010

  

  

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BlackRock CA Muni Bd I Fund (MACMX) Net Asset

Track net asset change of BlackRock CA Muni Bd I fund (MACMX)

Date	Net Asset
01/2010	$52.53M
11/2009	$46.70M
10/2009	$45.20M

More historic net asset information on BlackRock CA Muni Bd I Fund (MACMX)

  

BlackRock CA Muni Bd I Fund (MACMX) Portfolio Allocation

Track portfolio allocation change of BlackRock CA Muni Bd I fund (MACMX)

Date	Cash	Stock	Bond	Other
11/2009	1.27%	0%	98.73%	0%
08/2009	1.48%	0%	98.52%	0%
05/2009	1.12%	0%	98.88%	0%

Click here to see more historic asset allocation information on BlackRock CA Muni Bd I Fund (MACMX)

  

Most Recent Top 10 Holdings in BlackRock CA Muni Bd I Fund (MACMX)

Discover what BlackRock CA Muni Bd I Fund (MACMX) manager is buying

30-Nov-09 California St Pub Wks Brd Leas Leas 6.5% [3.13%] California St Go Bds 6.5% [2.99%] California St Univ Rev Systemwid 5% [2.92%] Port Oakland Calif Rev Rev Bds 5.375% [2.54%] Tuolumne Wind Proj Auth 5.875% [2.3%] Eastern Mun Wtr Dist 5% [2.28%] Bakersfield Calif Wastewtr Rev Rev Bd 5% [2.15%] Sacramento Calif City Uni Sch Go Bds 5% [2.02%] Sonoma Cnty Calif Jr College D Go Bds 5% [2%] Glendale Calif Wtr Rev Wtr Rev B 5% [1.99%]

31-Aug-09 California St Go Bds 6.5% [3.24%] California St Pub Wks Brd Leas Leas 6.5% [3.23%] California St Univ Rev Systemwid 5% [3.05%] Sacramento Calif City Uni Sch Go Bds 5% [2.82%] Port Oakland Calif Rev Rev Bds 5.375% [2.6%] Eastern Mun Wtr Dist 5% [2.39%] Tuolumne Wind Proj Auth 5.875% [2.33%] Bakersfield Calif Wastewtr Rev Rev Bd 5% [2.28%] Glendale Calif Wtr Rev Wtr Rev B 5% [2.09%] Sonoma Cnty Calif Jr College D Go Bds 5% [2.06%]

31-May-09 Los Angeles Cnty Calif Met Tra Pro 1.95% [5.97%] California St Pub Wks Brd Leas Leas 6.5% [3.25%] CALIFORNIA ST GO BDS [3.23%] California St Univ Rev Systemwid 5% [3.05%] Bakersfield Calif Wastewtr Rev Rev Bd 5% [3.04%] Sacramento Calif City Uni Sch Go Bds 5% [2.81%] Port Oakland Calif Rev Rev Bds 5.375% [2.47%] EASTERN MUN WTR DIST CALIF WTR WTR AND S [2.35%] Glendale Calif Wtr Rev Wtr Rev B 5% [2.1%] Sonoma Cnty Calif Jr College D Go Bds 5% [2.07%]

Click here for Stock Holding Change Map in BlackRock CA Muni Bd I Fund (MACMX)

  

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See more information on BlackRock CA Muni Bd I Fund (MACMX)

• BlackRock CA Muni Bd I Fund Insights
• BlackRock CA Muni Bd I Fund Performance Data
• BlackRock CA Muni Bd I Fund News
• BlackRock CA Muni Bd I Fund Score Explaination
• BlackRock CA Muni Bd I Fund Manager Information
• Historic BlackRock CA Muni Bd I Fund Asset Allocation Report
• Historic BlackRock CA Muni Bd I Fund Top 10 Holding Tracking
• Historic BlackRock CA Muni Bd I Fund Asset Under Management Tracking