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BlackRock NJ Municipal Bond Instl (MANJX) Fund Ranking and Research

Ranking, Research and Recommendation of BlackRock NJ Municipal Bond Instl (MANJX) Fund

    Last Trade: $ on , Change: (0%)

 

Graph of BlackRock NJ Municipal Bond Instl Fund (MANJX) ManagerFund Manager - Timothy T. Browse

Fund Manager Information

Fund Manager Tenure: 13.1 years
Fund Family: BlackRock
Fund Category: Muni New Jersey
Fund Performance: May 30, 2016
Fundmojo Fund Grade: B (Score: 0.68)     (What does this score mean?)
Timothy T. Browse, CFA, is the Fund's portfolio manager and has been primarily responsible for the day-to-day management of the Fund's portfolio since 2004. Mr. Browse is a Vice President (Tax-Exempt Fixed Income) and portfolio manager with the Tax-Exempt Fixed Income group of Merrill Lynch Investment Managers, L.P. He was a Vice President, portfolio manager and team leader of the Municipal Investments Team with Lord Abbett & Co. from 2000 to 2003. Mr. Browse was a Vice President and portfolio manager in the municipal fund management group of Eaton Vance Management, Inc. from 1992 to 2000.  Get more insights on Timothy T. Browse

 

Graph of BlackRock NJ Municipal Bond Instl Fund (MANJX) ProfileBlackRock NJ Municipal Bond Instl Fund (MANJX) Profile

Fund Profile and Description

BlackRock NJ Municipal Bond Instl Fund seeks to provide shareholders with income exempt from Federal income tax and New Jersey personal income taxes. BlackRock NJ Municipal Bond Instl Fund invests primarily in a portfolio of long term investment grade New Jersey municipal bonds. It normally invests at least 80% of assets in New Jersey municipal bonds. BlackRock NJ Municipal Bond Instl Fund’s weighted average maturity normally is more than ten years. It is non-diversified.

 

BlackRock NJ Municipal Bond Instl (MANJX) Fund Strength What we like about BlackRock NJ Municipal Bond Instl (MANJX) Fund

Data for BlackRock NJ Municipal Bond Instl Fund (MANJX) as of May 30, 2016

  • BlackRock NJ Municipal Bond Instl Fund (MANJX) management has been with BlackRock NJ Municipal Bond Instl Fund for 13.1 years
  • BlackRock NJ Municipal Bond Instl Fund (MANJX) has good short-term performance (1-year return 7.12% vs 5.85% Muni New Jersey category median performance)
  • BlackRock NJ Municipal Bond Instl Fund (MANJX) has good mid-term performance (3-year return 4.30% vs 3.26% Muni New Jersey category median performance)
  • BlackRock NJ Municipal Bond Instl Fund (MANJX) has good Long-term performance (5-year return 6.28% vs 5.02% Muni New Jersey category median performance)
  • BlackRock NJ Municipal Bond Instl Fund (MANJX) ratio of up-years vs down years is greater than 2
  • BlackRock NJ Municipal Bond Instl Fund (MANJX) has a Morningstar rating of 4 and above
  • Asset base in BlackRock NJ Municipal Bond Instl Fund (MANJX) has been consistently increasing at a reasonable pace in the last 2 months. It shows investor confidence and market support
  • BlackRock NJ Municipal Bond Instl Fund (MANJX) has a lower expense ratio than its Muni New Jersey average: 0.74% vs 0.85%
  • BlackRock NJ Municipal Bond Instl Fund (MANJX) is a true no-load fund as it has no load and no 12b1 promotion, distributions, marketing expenses

BlackRock NJ Municipal Bond Instl Fund (MANJX) Weakness What we are cautious about BlackRock NJ Municipal Bond Instl (MANJX) Fund

Data for BlackRock NJ Municipal Bond Instl Fund (MANJX) as of May 30, 2016

  • BlackRock NJ Municipal Bond Instl Fund (MANJX) is less safe compared to its Muni New Jersey peers
  • BlackRock NJ Municipal Bond Instl Fund (MANJX) has an annual stock turnover rate of 14.00% that is higher than the Muni New Jersey average of 12.84%. This could mean BlackRock NJ Municipal Bond Instl is more nimble, but also signal potential high tax impact and high trading fees
  • BlackRock NJ Municipal Bond Instl Fund (MANJX) is more volatile than its peers as it has a 3-year Standard Deviation of 4.75 that is higher than category average of 4.26
See BlackRock NJ Municipal Bond Instl Fund (MANJX) performance details as of May 30, 2016

 

What do you think?

 

Compare BlackRock NJ Municipal Bond Instl Fund (MANJX)Compare with other top Muni New Jersey category mutual funds

Aadditional top Muni New Jersey mutual funds for your consideration

FundYear to Date1 Year3 year5 year
BlackRock NJ Municipal Bond Instl3.277.124.306.28
Nuveen NJ Municipal Bond A (NNJAX)3.717.274.386.06Compare

See top fund managers for Muni New Jersey Category Funds

 

Graph of BlackRock NJ Municipal Bond Instl Fund (MANJX) Net Asset TrackingBlackRock NJ Municipal Bond Instl (MANJX) Fund Net Asset

Track net asset change of BlackRock NJ Municipal Bond Instl fund (MANJX)

DateNet Asset
05/2016$291.10M
03/2016$284.62M
02/2016$280.30M
More historic net asset information on BlackRock NJ Municipal Bond Instl Fund (MANJX)

  

Graph of BlackRock NJ Municipal Bond Instl Fund (MANJX) Portfolio TrackingBlackRock NJ Municipal Bond Instl (MANJX) Fund Portfolio Allocation

Track portfolio allocation change of BlackRock NJ Municipal Bond Instl fund (MANJX)

DateCashStockBondOther
04/20161.63%0%98.37%0%
02/20162.68%0%97.32%0%
01/20162.49%0%97.51%0%
Click here to see more historic asset allocation information on BlackRock NJ Municipal Bond Instl Fund (MANJX)

 

graph of BlackRock NJ Municipal Bond Instl Fund (MANJX) Top 10 Position TrackingTop 10 Holdings in BlackRock NJ Municipal Bond Instl (MANJX) Fund

Discover what BlackRock NJ Municipal Bond Instl Fund (MANJX) manager is buying

Apr 29, 2016
Garden St N J Preservation Tr Tr Bds [2.86%]
New Jersey Inst Tech Go Bds 0.01% [2.03%]
Port Auth 4.75% [1.67%]
New Jersey St Transn Tr Fd Aut Transp [1.61%]
North Hudson Sew Auth [1.61%]
New Jersey St Tpk Auth 5% [1.59%]
New Jersey Health Care Facs Fi Rev Bd 5% [1.51%]
Hudson Cnty N J Impt Auth 5.25% [1.49%]
New Jersey Health Care Facs Fi Rev 5.5% [1.43%]

Feb 28, 2016
Garden St N J Preservation Tr Tr Bds [2.87%]
New Jersey Inst Tech Go Bds 0.01% [2.04%]
Port Auth 4.75% [1.74%]
North Hudson Sew Auth [1.66%]
New Jersey St Tpk Auth 5% [1.6%]
New Jersey St Transn Tr Fd Aut Transp [1.57%]
New Jersey Health Care Facs Fi Rev Bd 5% [1.55%]
Hudson Cnty N J Impt Auth 5.25% [1.52%]
New Jersey Health Care Facs Fi Rev 5.5% [1.46%]
New Jersey Econ Dev Auth 5.25% [1.39%]

Jan 30, 2016
Garden St N J Preservation Tr Tr Bds [2.96%]
New Jersey Inst Tech Go Bds 0.01% [2.04%]
Port Auth 4.75% [1.74%]
North Hudson Sew Auth [1.65%]
New Jersey St Tpk Auth 5% [1.6%]
New Jersey St Transn Tr Fd Aut Transp [1.6%]
New Jersey Health Care Facs Fi Rev Bd 5% [1.54%]
Hudson Cnty N J Impt Auth 5.25% [1.52%]
New Jersey Health Care Facs Fi Rev 5.5% [1.46%]
New Jersey Econ Dev Auth 5.25% [1.39%]
Click here for Stock Holding Change Map in BlackRock NJ Municipal Bond Instl Fund (MANJX)

  

Latest News on BlackRock NJ Municipal Bond Instl (MANJX) Fund

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BlackRock NJ Municipal Bond Instl Fund (MANJX) Related ResourcesSee more information on BlackRock NJ Municipal Bond Instl (MANJX) Fund

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