Mutual Fund Insights: BlackRock PA Municipal Bond C Fund (MFPYX)

In-depth Analysis of BlackRock PA Municipal Bond C Fund (MFPYX)

3 months 6 months 1 year 3 year 5 year

See BlackRock PA Municipal Bond C Fund (MFPYX) performance details as of February 28, 2010

  

Last Trade: $10.82 on 3/19/2010, Change: 0.00 (0%)

  

Fund Manager - Phillip Soccio

Fund Manager Tenure: 0.5 years
Fundmojo Fund Grade: N/A (Score: *manager is new*)     (What does this score mean?)

Phillip Soccio is vice president and portfolio manager of BlackRock since 2007. Phillip Soccio is Management Team Member of various BlackRock money market funds from 2002 to 2007. phillip holds the Chartered Financial Analyst designation.  Get more insights on Phillip Soccio

  

 What we like about BlackRock PA Municipal Bond C Fund (MFPYX)

Data for BlackRock PA Municipal Bond C Fund (MFPYX) as of February 28, 2010

• BlackRock PA Municipal Bond C Fund (MFPYX) is a new fund and has been performing well against its peers for both one-month and three_month performance
• BlackRock PA Municipal Bond C Fund (MFPYX) is less volatile than its peers as it has a 3-year Standard Deviation of 6.83, lower than category average of 6.98

  

 What we are cautious about BlackRock PA Municipal Bond C Fund (MFPYX)

Data for BlackRock PA Municipal Bond C Fund (MFPYX) as of February 28, 2010

• BlackRock PA Municipal Bond C Fund (MFPYX) management has been with BlackRock PA Municipal Bond C Fund for only 0.5 years, it is hard to judge manager's ability based on this fund's operation record
• BlackRock PA Municipal Bond C Fund is a focused fund with 30.49% of the portfolio on top 10 securities. This tends to produce more volatility compared to a diversified fund. See fund top 10 holdings.
• BlackRock PA Municipal Bond C Fund (MFPYX) has a less-than-ideal short-term performance (1-year return 10.93% vs 12.02 % Muni Pennsylvania category average)
• BlackRock PA Municipal Bond C Fund (MFPYX) has a less-than-ideal mid-term performance (3-year return 2.10% vs 2.82 % Muni Pennsylvania category average)
• BlackRock PA Municipal Bond C Fund (MFPYX) has a less-than-ideal Long-term performance (5-year return 2.60% vs 3.31 % Muni Pennsylvania category average)
• BlackRock PA Municipal Bond C Fund (MFPYX) ratio of up-years vs down years can be improved
• BlackRock PA Municipal Bond C Fund (MFPYX) has a Morningstar rating of 3 and below
• BlackRock PA Municipal Bond C Fund (MFPYX) has an annual stock turnover rate of 20.00% that is higher than the Muni Pennsylvania average of 19.70%. This could mean BlackRock PA Municipal Bond C is more nimble, but also signal potential high tax impact and high trading fees
• BlackRock PA Municipal Bond C Fund (MFPYX) does not have a good risk adjusted return as its 3-year Alpha of -2.62 is worse than category average of -1.77, and its 3-year Sharpe ratio is 0.07
• BlackRock PA Municipal Bond C Fund (MFPYX) has a higher management fee of 1.60% than its Muni Pennsylvania average of 1.08%
• BlackRock PA Municipal Bond C Fund (MFPYX) carries a 1% load

See BlackRock PA Municipal Bond C Fund (MFPYX) performance details as of February 28, 2010

  

  

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BlackRock PA Municipal Bond C Fund (MFPYX) Net Asset

Track net asset change of BlackRock PA Municipal Bond C fund (MFPYX)

Date	Net Asset
02/2010	$535.38M
01/2010	$16.08M
11/2009	$15.61M

More historic net asset information on BlackRock PA Municipal Bond C Fund (MFPYX)

  

BlackRock PA Municipal Bond C Fund (MFPYX) Portfolio Allocation

Track portfolio allocation change of BlackRock PA Municipal Bond C fund (MFPYX)

Date	Cash	Stock	Bond	Other
11/2009	6.7%	0%	93.3%	0%
08/2009	5.99%	0%	94.01%	0%
05/2009	3.84%	0%	96.16%	0%

Click here to see more historic asset allocation information on BlackRock PA Municipal Bond C Fund (MFPYX)

  

Most Recent Top 10 Holdings in BlackRock PA Municipal Bond C Fund (MFPYX)

Discover what BlackRock PA Municipal Bond C Fund (MFPYX) manager is buying

30-Nov-09 Merrill Lynch CMA PA Municipal Money [6%] Delaware Riv Port Auth 5.75% [5.43%] Delaware Valley Pa Regl Fin Au Loc 5.5% [3.25%] Puerto Rico Sales Tax Fing Cor Re 6.375% [2.95%] Philadelphia Pa Arpt Rev Rev Bds 5% [2.45%] J P Morgan Chase Putters / Dri Ctfs [2.43%] Pennsylvania St Tpk Commn Oil Rev Bds 5% [2.12%] Pennsylvania Econ Dev Fing Rev Bds 6.75% [1.99%] Charter Mac Equity Issuer Tr Pfd Shs [1.94%] Berks Cnty Pa Mun Auth 5.5% [1.93%]

31-Aug-09 Delaware Riv Port Auth 5.75% [6.76%] CMA PA Municipal Money [4.79%] Delaware Valley Pa Regl Fin Au Rev 5.75% [4.46%] PUERTO RICO SALES TAX FING COR REV BDS [3.09%] Philadelphia Pa Arpt Rev Rev Bds 5% [2.44%] Pennsylvania St Tpk Commn Oil Rev Bds 5% [2.16%] Delaware Valley Pa Regl Fin Au Loc 5.5% [2.02%] Charter Mac Equity Issuer Tr Pfd Shs [2%] Pennsylvania Econ Dev Fing Rev Bds 6.75% [1.97%] Berks Cnty Pa Mun Auth 5.5% [1.96%]

31-May-09 Delaware Riv Port Auth 5.75% [7.03%] CHARTER MAC EQUITY ISSUER TR PFD SHS [4.99%] Delaware Valley Pa Regl Fin Au Rev 5.75% [4.52%] CMA PA Municipal Money [3.49%] Philadelphia Pa Arpt Rev Rev Bds 5% [2.41%] Pennsylvania St Tpk Commn Oil Rev Bds 5% [2.21%] Charter Mac Equity Issuer Tr Pfd Shs [2.09%] Delaware Valley Pa Regl Fin Au Loc 5.5% [2.06%] Pennsylvania Econ Dev Fing Rev Bds 6.75% [2.02%] Philadelphia Pa Sch Dist 5% [1.98%]

Click here for Stock Holding Change Map in BlackRock PA Municipal Bond C Fund (MFPYX)

  

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See more information on BlackRock PA Municipal Bond C Fund (MFPYX)

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