Mutual Fund Insights: BlackRock NY Municipal Bond B Fund (MBNKX)

In-depth Analysis of BlackRock NY Municipal Bond B Fund (MBNKX)

3 months 6 months 1 year 3 year 5 year

See BlackRock NY Municipal Bond B Fund (MBNKX) performance details as of February 28, 2010

  

Last Trade: $10.51 on 3/19/2010, Change: 0.00 (0%)

  

Fund Manager - Theodore R. Jaeckel Jr.

Fund Manager Tenure: 3.2 years
Fundmojo Fund Grade: C (Score: 0.54)     (What does this score mean?)

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.  Get more insights on Theodore R. Jaeckel Jr.

  

 What we like about BlackRock NY Municipal Bond B Fund (MBNKX)

Data for BlackRock NY Municipal Bond B Fund (MBNKX) as of February 28, 2010

• BlackRock NY Municipal Bond B Fund (MBNKX) management has been with BlackRock NY Municipal Bond B Fund for 3.2 years
• BlackRock NY Municipal Bond B Fund (MBNKX) has good short-term performance (1-year return 14.60% vs 13.25 % Muni New York Long category average)
• BlackRock NY Municipal Bond B Fund (MBNKX) ratio of up-years vs down years is greater than 2
• BlackRock NY Municipal Bond B Fund (MBNKX) is less volatile than its peers as it has a 3-year Standard Deviation of 7.38, lower than category average of 7.66

  

 What we are cautious about BlackRock NY Municipal Bond B Fund (MBNKX)

Data for BlackRock NY Municipal Bond B Fund (MBNKX) as of February 28, 2010

• BlackRock NY Municipal Bond B Fund (MBNKX) has a less-than-ideal mid-term performance (3-year return 2.17% vs 2.93 % Muni New York Long category average)
• BlackRock NY Municipal Bond B Fund (MBNKX) has a less-than-ideal Long-term performance (5-year return 3.08% vs 3.44 % Muni New York Long category average)
• BlackRock NY Municipal Bond B Fund (MBNKX) has a Morningstar rating of 3 and below
• BlackRock NY Municipal Bond B Fund (MBNKX) is less safe compared to its Muni New York Long peers
• BlackRock NY Municipal Bond B Fund (MBNKX) has an annual stock turnover rate of 30.00% that is higher than the Muni New York Long average of 26.62%. This could mean BlackRock NY Municipal Bond B is more nimble, but also signal potential high tax impact and high trading fees
• BlackRock NY Municipal Bond B Fund (MBNKX) does not have a good risk adjusted return as its 3-year Alpha of -2.58 is worse than category average of -1.92, and its 3-year Sharpe ratio is 0.08
• BlackRock NY Municipal Bond B Fund (MBNKX) has a higher management fee of 1.27% than its Muni New York Long average of 1.07%
• BlackRock NY Municipal Bond B Fund (MBNKX) carries a 4% load

See BlackRock NY Municipal Bond B Fund (MBNKX) performance details as of February 28, 2010

  

  

Interested in other top mutual funds in similar Muni New York Long category?

Below are some additional Muni New York Long mutual funds generated out of our database

• Nuveen NY Municipal Bond I (NTNYX)    [ Compare with BlackRock NY Municipal Bond B Fund (MBNKX) ]
• See top fund managers for Muni New York Long Category Funds
• Browse other funds in Muni New York Long Category

  

BlackRock NY Municipal Bond B Fund (MBNKX) Net Asset

Track net asset change of BlackRock NY Municipal Bond B fund (MBNKX)

Date	Net Asset
02/2010	$259.39M
01/2010	$10.56M
11/2009	$11.00M

More historic net asset information on BlackRock NY Municipal Bond B Fund (MBNKX)

  

BlackRock NY Municipal Bond B Fund (MBNKX) Portfolio Allocation

Track portfolio allocation change of BlackRock NY Municipal Bond B fund (MBNKX)

Date	Cash	Stock	Bond	Other
09/2009	4.01%	0%	95.99%	0%
06/2009	1.65%	0%	98.35%	0%
03/2009	2.92%	0%	97.08%	0%

Click here to see more historic asset allocation information on BlackRock NY Municipal Bond B Fund (MBNKX)

  

Most Recent Top 10 Holdings in BlackRock NY Municipal Bond B Fund (MBNKX)

Discover what BlackRock NY Municipal Bond B Fund (MBNKX) manager is buying

30-Sep-09 Suffolk Cnty N Y Indl Dev Agy Rev 6.25% [3.04%] Westchester Cnty N Y Indl Dev Mtg R 6.5% [2.35%] Port Auth 6.25% [2.13%] New York N Y City Indl Dev Agy Re 6.375% [2.03%] Puerto Rico Comwlth G O Pub I 5.75% [1.97%] New York Convention Ctr Dev Co Rev Bd 5% [1.93%] Liberty N Y Dev Corp Rev Rev Bds 5.25% [1.89%] Virgin Islands Govt Refinery F Sr S 6.5% [1.79%] Erie Cnty N Y Tob Asset Securi Tob 6.25% [1.64%] Puerto Rico Comwlth G O Pub I 5.75% [1.64%]

30-Jun-09 SUFFOLK CNTY N Y INDL DEV AGY REV BDS [3.26%] Westchester Cnty N Y Indl Dev Mtg R 6.5% [2.57%] Port Auth 6.25% [2.33%] Puerto Rico Comwlth G O Pub I 5.75% [2.2%] New York N Y City Indl Dev Agy Re 6.375% [1.96%] NEW YORK CONVENTION CTR DEV CO REV BDS [1.92%] Virgin Islands Govt Refinery F Sr S 6.5% [1.9%] Erie Cnty N Y Tob Asset Securi Tob 6.25% [1.83%] Puerto Rico Comwlth G O Pub I 5.75% [1.83%] Triborough Brdg & Tunl Auth 5.25% [1.72%]

31-Mar-09 Suffolk Cnty N Y Indl Dev Agy Rev 6.25% [3.36%] Westchester Cnty N Y Indl Dev Mtg R 6.5% [2.73%] Port Auth 6.25% [2.39%] Puerto Rico Comwlth G O Pub I 5.75% [2.32%] New York N Y City Indl Dev Agy Re 6.375% [1.98%] Puerto Rico Comwlth G O Pub I 5.75% [1.93%] Erie Cnty N Y Tob Asset Securi Tob 6.25% [1.92%] New York Convention Ctr Dev 5% [1.9%] Triborough Brdg & Tunl Auth 5.25% [1.78%] NEW YORK ST URBAN DEV CORP REV REF REV B [1.73%]

Click here for Stock Holding Change Map in BlackRock NY Municipal Bond B Fund (MBNKX)

  

Related books and products to BlackRock NY Municipal Bond B Fund (MBNKX)

  

Latest News on BlackRock NY Municipal Bond B (MBNKX)

See what is happening with BlackRock NY Municipal Bond B Fund (MBNKX)

Yahoo! Finance: RSS feed not found See more news on BlackRock NY Municipal Bond B Fund (MBNKX)

 

Books and Resources

 

 

See more information on BlackRock NY Municipal Bond B Fund (MBNKX)

• BlackRock NY Municipal Bond B Fund Insights
• BlackRock NY Municipal Bond B Fund Performance Data
• BlackRock NY Municipal Bond B Fund News
• BlackRock NY Municipal Bond B Fund Score Explaination
• BlackRock NY Municipal Bond B Fund Manager Information
• Historic BlackRock NY Municipal Bond B Fund Asset Allocation Report
• Historic BlackRock NY Municipal Bond B Fund Top 10 Holding Tracking
• Historic BlackRock NY Municipal Bond B Fund Asset Under Management Tracking