Mutual Fund Insights: BlackRock NJ Municipal Bond C1 Fund (MCNJX)

In-depth Analysis of BlackRock NJ Municipal Bond C1 Fund (MCNJX)

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See BlackRock NJ Municipal Bond C1 Fund (MCNJX) performance details as of January 31, 2010

  

Last Trade: $10.36 on 3/18/2010, Change: 0.00 (0%)

  

Fund Manager - Timothy T. Browse

Fund Manager Tenure: 3.3 years
Fundmojo Fund Grade: C (Score: 0.58)     (What does this score mean?)

Browse is Director and portfolio manager of BlackRock since 2006. He is also Member of BlackRock's Fixed-Income Portfolio management Group. Browse is Vice President of Merrill Lynch Investment Managers (MLIM) since 2004. Browse holds the Chartered Financial Analyst designation.  Get more insights on Timothy T. Browse

  

 What we like about BlackRock NJ Municipal Bond C1 Fund (MCNJX)

Data for BlackRock NJ Municipal Bond C1 Fund (MCNJX) as of January 31, 2010

• BlackRock NJ Municipal Bond C1 Fund (MCNJX) management has been with BlackRock NJ Municipal Bond C1 Fund for 3.3 years
• BlackRock NJ Municipal Bond C1 Fund (MCNJX) has good Long-term performance (5-year return 3.28% vs 3.24% Muni New Jersey category average)
• BlackRock NJ Municipal Bond C1 Fund (MCNJX) ratio of up-years vs down years is greater than 2
• BlackRock NJ Municipal Bond C1 Fund (MCNJX) is less volatile than its peers as it has a 3-year Standard Deviation of 7.16, lower than category average of 7.29

  

 What we are cautious about BlackRock NJ Municipal Bond C1 Fund (MCNJX)

Data for BlackRock NJ Municipal Bond C1 Fund (MCNJX) as of January 31, 2010

• BlackRock NJ Municipal Bond C1 Fund (MCNJX) has a less-than-ideal short-term performance (1-year return 12.41% vs 12.62% Muni New Jersey category average)
• BlackRock NJ Municipal Bond C1 Fund (MCNJX) has a less-than-ideal mid-term performance (3-year return 2.52% vs 2.92% Muni New Jersey category average)
• BlackRock NJ Municipal Bond C1 Fund (MCNJX) has a Morningstar rating of 3 and below
• BlackRock NJ Municipal Bond C1 Fund (MCNJX) is less safe compared to its Muni New Jersey peers
• BlackRock NJ Municipal Bond C1 Fund (MCNJX) does not have a good risk adjusted return as its 3-year Alpha of -2.42 is worse than category average of -1.88, and its 3-year Sharpe ratio is 0.11
• BlackRock NJ Municipal Bond C1 Fund (MCNJX) has a higher management fee of 1.24% than its Muni New Jersey average of 1.02%
• BlackRock NJ Municipal Bond C1 Fund (MCNJX) carries a 1% load

See BlackRock NJ Municipal Bond C1 Fund (MCNJX) performance details as of January 31, 2010

  

  

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BlackRock NJ Municipal Bond C1 Fund (MCNJX) Net Asset

Track net asset change of BlackRock NJ Municipal Bond C1 fund (MCNJX)

Date	Net Asset
01/2010	$15.00M
11/2009	$14.90M
10/2009	$14.95M

More historic net asset information on BlackRock NJ Municipal Bond C1 Fund (MCNJX)

  

BlackRock NJ Municipal Bond C1 Fund (MCNJX) Portfolio Allocation

Track portfolio allocation change of BlackRock NJ Municipal Bond C1 fund (MCNJX)

Date	Cash	Stock	Bond	Other
11/2009	5.43%	0%	94.57%	0%
08/2009	6.59%	0%	93.41%	0%
05/2009	4.28%	0%	95.72%	0%

Click here to see more historic asset allocation information on BlackRock NJ Municipal Bond C1 Fund (MCNJX)

  

Most Recent Top 10 Holdings in BlackRock NJ Municipal Bond C1 Fund (MCNJX)

Discover what BlackRock NJ Municipal Bond C1 Fund (MCNJX) manager is buying

30-Nov-09 Delaware Riv Port Auth 5.75% [5.47%] New Jersey Econ Dev Auth 5% [2.3%] Puerto Rico Comwlth Pub Impt 5.5% [2.02%] Garden St N J Preservation Tr Tr Bds [1.84%] Port Auth 4.75% [1.71%] Charter Mac Equity Issuer Tr Pfd Shs [1.51%] New Jersey St Hsg & Mtg Fin Ag Sin 4.65% [1.47%] New Jersey Econ Dev Auth [1.4%] New Jersey Health Care Facs Fi Rev 5.5% [1.35%] Munimae Te Bd Subsidiary Llc Preferred [1.33%]

31-Aug-09 Delaware Riv Port Auth 5.75% [5.61%] New Jersey Econ Dev Auth 5% [2.36%] Puerto Rico Comwlth Pub Impt 5.5% [2.02%] Garden St N J Preservation Tr Tr Bds [1.84%] Port Auth 4.75% [1.77%] Charter Mac Equity Issuer Tr Pfd Shs [1.55%] New Jersey St Hsg & Mtg Fin Ag Sin 4.65% [1.47%] New Jersey Econ Dev Auth [1.4%] New Jersey Health Care Facs Fi Rev 5.25% [1.36%] New Jersey Health Care Facs Fi Rev 5.5% [1.33%]

31-May-09 Delaware Riv Port Auth 5.75% [5.69%] New Jersey Econ Dev Auth 5% [2.57%] Puerto Rico Comwlth Pub Impt 5.5% [1.98%] Garden St N J Preservation Tr Tr Bds [1.85%] Port Auth 4.75% [1.63%] Charter Mac Equity Issuer Tr Pfd Shs [1.58%] New Jersey St Hsg & Mtg Fin Ag Sin 4.65% [1.44%] New Jersey Econ Dev Auth [1.4%] New Jersey Health Care Facs Fi Rev 5.25% [1.36%] New Jersey St Ref Go Bd 5.5% [1.33%]

Click here for Stock Holding Change Map in BlackRock NJ Municipal Bond C1 Fund (MCNJX)

  

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Latest News on BlackRock NJ Municipal Bond C1 (MCNJX)

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See more information on BlackRock NJ Municipal Bond C1 Fund (MCNJX)

• BlackRock NJ Municipal Bond C1 Fund Insights
• BlackRock NJ Municipal Bond C1 Fund Performance Data
• BlackRock NJ Municipal Bond C1 Fund News
• BlackRock NJ Municipal Bond C1 Fund Score Explaination
• BlackRock NJ Municipal Bond C1 Fund Manager Information
• Historic BlackRock NJ Municipal Bond C1 Fund Asset Allocation Report
• Historic BlackRock NJ Municipal Bond C1 Fund Top 10 Holding Tracking
• Historic BlackRock NJ Municipal Bond C1 Fund Asset Under Management Tracking