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Morningstar

BlackRock NJ Municipal Bond Instl MANJX

Morningstar Medalist Rating
Medalist Rating as of | See BlackRock Investment Hub
  • NAV / 1-Day Return 10.22  /  +0.32 %
  • Total Assets 291.3 Mil
  • Adj. Expense Ratio
    0.530%
  • Expense Ratio 0.560%
  • Distribution Fee Level Below Average
  • Share Class Type Institutional
  • Category Muni New Jersey
  • Credit Quality / Interest Rate Sensitivity Medium/Moderate
  • Min. Initial Investment 2.0 Mil
  • Status Open
  • TTM Yield 3.60%
  • Effective Duration 6.33 years

USD | NAV as of May 03, 2024 | 1-Day Return as of May 03, 2024, 10:17 PM GMT+0

Morningstar’s Analysis MANJX

Will MANJX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable MANJX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the MANJX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of MANJX’s parent organization’s priorities and whether they’re in line with investors’ interests.

BlackRock NJ Municipal Bond Instl boasts strong Process and People Pillar ratings, but other weaknesses hold this strategy's Morningstar Medalist Rating at Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The portfolio maintains a cost advantage over competitors, priced within the cheapest fee quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings MANJX

More MANJX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 21.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

GARDEN ST N J PRESERVATION TR OPEN SPACE & FARMLAND PRESERVATION

3.29 9.8 Mil
municipal

NEW JERSEY ST EDL FACS AUTH REV

3.25 9.7 Mil
municipal

ESSEX CNTY N J IMPT AUTH REV

2.61 7.8 Mil
municipal

NEW JERSEY ST TRANSN TR FD AUTH

2.51 7.5 Mil
municipal

NEW JERSEY HEALTH CARE FACS FING AUTH REV

2.07 6.2 Mil
municipal

UNION CNTY N J UTILS AUTH RESOURCE RECOVERY FAC LEASE REV

2.04 6.1 Mil
municipal

NEW JERSEY ST TRANSN TR FD AUTH

1.97 5.9 Mil
municipal

NEW JERSEY ST TRANSN TR FD AUTH

1.92 5.7 Mil
municipal

NEW JERSEY ST TRANSN TR FD AUTH

1.88 5.6 Mil
municipal

NEW JERSEY HEALTH CARE FACS FING AUTH REV

1.78 5.3 Mil
municipal