Mutual Fund Insights: BlackRock NJ Municipal Bond B Fund (MGNJX)

In-depth Analysis of BlackRock NJ Municipal Bond B Fund (MGNJX)

3 months 6 months 1 year 3 year 5 year

See BlackRock NJ Municipal Bond B Fund (MGNJX) 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: D (Score: 0.43)     (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 B Fund (MGNJX)

Data for BlackRock NJ Municipal Bond B Fund (MGNJX) as of January 31, 2010

• BlackRock NJ Municipal Bond B Fund (MGNJX) management has been with BlackRock NJ Municipal Bond B Fund for 3.3 years
• BlackRock NJ Municipal Bond B Fund (MGNJX) is less volatile than its peers as it has a 3-year Standard Deviation of 7.14, lower than category average of 7.29

  

 What we are cautious about BlackRock NJ Municipal Bond B Fund (MGNJX)

Data for BlackRock NJ Municipal Bond B Fund (MGNJX) as of January 31, 2010

• BlackRock NJ Municipal Bond B Fund (MGNJX) has a less-than-ideal short-term performance (1-year return 11.96% vs 12.62% Muni New Jersey category average)
• BlackRock NJ Municipal Bond B Fund (MGNJX) has a less-than-ideal mid-term performance (3-year return 2.11% vs 2.92% Muni New Jersey category average)
• BlackRock NJ Municipal Bond B Fund (MGNJX) has a less-than-ideal Long-term performance (5-year return 2.87% vs 3.24% Muni New Jersey category average)
• BlackRock NJ Municipal Bond B Fund (MGNJX) ratio of up-years vs down years can be improved
• BlackRock NJ Municipal Bond B Fund (MGNJX) has a Morningstar rating of 3 and below
• BlackRock NJ Municipal Bond B Fund (MGNJX) is less safe compared to its Muni New Jersey peers
• BlackRock NJ Municipal Bond B Fund (MGNJX) does not have a good risk adjusted return as its 3-year Alpha of -2.8 is worse than category average of -1.88, and its 3-year Sharpe ratio is 0.05
• BlackRock NJ Municipal Bond B Fund (MGNJX) has a higher management fee of 1.65% than its Muni New Jersey average of 1.02%
• BlackRock NJ Municipal Bond B Fund (MGNJX) carries a 4.5% load

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

  

  

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BlackRock NJ Municipal Bond B Fund (MGNJX) Net Asset

Track net asset change of BlackRock NJ Municipal Bond B fund (MGNJX)

Date	Net Asset
01/2010	$2.69M
11/2009	$2.92M
10/2009	$3.20M

More historic net asset information on BlackRock NJ Municipal Bond B Fund (MGNJX)

  

BlackRock NJ Municipal Bond B Fund (MGNJX) Portfolio Allocation

Track portfolio allocation change of BlackRock NJ Municipal Bond B fund (MGNJX)

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 B Fund (MGNJX)

  

Most Recent Top 10 Holdings in BlackRock NJ Municipal Bond B Fund (MGNJX)

Discover what BlackRock NJ Municipal Bond B Fund (MGNJX) 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 B Fund (MGNJX)

  

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Latest News on BlackRock NJ Municipal Bond B (MGNJX)

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See more information on BlackRock NJ Municipal Bond B Fund (MGNJX)

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