Mutual Fund Insights: BlackRock PA Municipal Bond S Fund (MSPYX)

In-depth Analysis of BlackRock PA Municipal Bond S Fund (MSPYX)

3 months 6 months 1 year 3 year 5 year

See BlackRock PA Municipal Bond S Fund (MSPYX) performance details as of January 31, 2010

  

Last Trade: $10.82 on 3/15/2010, Change: 0.00 (0%)

  

Fund Manager - Theodore R. Jaeckel Jr.

Fund Manager Tenure: 3.3 years
Fundmojo Fund Grade: D (Score: 0.49)     (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 PA Municipal Bond S Fund (MSPYX)

Data for BlackRock PA Municipal Bond S Fund (MSPYX) as of January 31, 2010

• BlackRock PA Municipal Bond S Fund (MSPYX) management has been with BlackRock PA Municipal Bond S Fund for 3.3 years
• BlackRock PA Municipal Bond S Fund (MSPYX) has good mid-term performance (3-year return 2.96% vs 2.92% Muni Pennsylvania category average)
• BlackRock PA Municipal Bond S Fund (MSPYX) is less volatile than its peers as it has a 3-year Standard Deviation of 6.84, lower than category average of 6.99
• BlackRock PA Municipal Bond S Fund (MSPYX) has a lower management fee than its Muni Pennsylvania average: 0.92% vs 1.07%

  

 What we are cautious about BlackRock PA Municipal Bond S Fund (MSPYX)

Data for BlackRock PA Municipal Bond S Fund (MSPYX) as of January 31, 2010

• BlackRock PA Municipal Bond S 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 S Fund (MSPYX) has a less-than-ideal short-term performance (1-year return 11.43% vs 11.86% Muni Pennsylvania category average)
• BlackRock PA Municipal Bond S Fund (MSPYX) ratio of up-years vs down years can be improved
• BlackRock PA Municipal Bond S Fund (MSPYX) has a Morningstar rating of 3 and below
• BlackRock PA Municipal Bond S Fund (MSPYX) is less safe compared to its Muni Pennsylvania peers
• BlackRock PA Municipal Bond S Fund (MSPYX) does not have a good risk adjusted return as its 3-year Alpha of -1.9 is worse than category average of -1.79, and its 3-year Sharpe ratio is 0.17
• Even though BlackRock PA Municipal Bond S Fund carries no load, it does have a 0.25% of 12b1 promotion, distributions, marketing expenses

See BlackRock PA Municipal Bond S Fund (MSPYX) performance details as of January 31, 2010

  

  

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BlackRock PA Municipal Bond S Fund (MSPYX) Net Asset

Track net asset change of BlackRock PA Municipal Bond S fund (MSPYX)

Date	Net Asset
01/2010	$1.40M
11/2009	$1.40M
10/2009	$1.40M

More historic net asset information on BlackRock PA Municipal Bond S Fund (MSPYX)

  

BlackRock PA Municipal Bond S Fund (MSPYX) Portfolio Allocation

Track portfolio allocation change of BlackRock PA Municipal Bond S fund (MSPYX)

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 S Fund (MSPYX)

  

Most Recent Top 10 Holdings in BlackRock PA Municipal Bond S Fund (MSPYX)

Discover what BlackRock PA Municipal Bond S Fund (MSPYX) 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 S Fund (MSPYX)

  

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Latest News on BlackRock PA Municipal Bond S (MSPYX)

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See more information on BlackRock PA Municipal Bond S Fund (MSPYX)

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