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Morningstar

BlackRock NJ Municipal Bond Instl MANJX

Morningstar Analyst Rating
Quantitative rating as of | See BlackRock Investment Hub
  • NAV / 1-Day Return 10.35  /  0.16 %
  • Total Assets 305.1 Mil
  • Adj. Expense Ratio
    0.520%
  • Expense Ratio 0.570%
  • Distribution Fee Level Below Average
  • Share Class Type Institutional
  • Category Muni New Jersey
  • Credit Quality / Interest Rate Sensitivity Medium / Extensive
  • Min. Initial Investment 2,000,000
  • Status Open
  • TTM Yield 3.22%
  • Effective Duration 7.17 years

USD | NAV as of Feb 03, 2023 | 1-Day Return as of Feb 03, 2023, 11:11 PM GMT+00:00

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.

Summary

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BlackRock NJ Municipal Bond Instl boasts strong People and Process Pillar ratings, but other weaknesses hold this strategy's Morningstar Quantitative Rating at Neutral. The portfolio maintains a cost advantage over competitors, priced within the lowest fee quintile among peers.

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