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Munis: Keep more of what you earn

Municipal bonds have provided attractive tax advantaged income

Municipal bonds can help investors keep more income by potentially reducing their tax bill, in addition to seeking stability in an unpredictable environment.

With over 1 million CUSIPs and low new issue supply, the municipal market today is difficult to navigate. BlackRock's dedicated teams of 60+ individuals lead by a leadership team that has worked together for 20+ years, allow us to maximize income and uncover value.

Why invest in munis?


Tax advantage income
Interest income on most munis are exempt from federal and often state and local income taxes
Low volatility
Over time, munis have remained a low volatility investment option in comparison to other fixed income asset classes
Equity diversification
Munis help diversify equity portfolios- when stocks sell off, muni prices tend to rally

Why BlackRock municipal funds?

People
Platform depth, size & scale
As the world's largest muni bond manager, we have direct access to rating agencies, sell-side research and management teams of municipal issuers
Seek Magnifier
Credit research
Our analysts challenge credit rating agencies to ensure that BlackRock’s municipal portfolios are populated with the most suitable credits
Risk Cone
Risk management
BlackRock’s risk management technology, Aladdin,® helps anticipate risks to your portfolio in different market scenarios, so you can be better prepared for the unexpected

Municipal bond insights

The obvious benefit of owning municipal bonds in a portfolio is the tax-free nature of the income. That is all the more powerful given the recent tax-reform act.

- Peter Hayes, Head of municipal bonds

How can we help you achieve your income goals while
minimizing risk?


Click on the fund name below to explore our strategies.

Fund Overall Morningstar Rating Ticker Morningstar Percentile Ranking3 Category
1-year 3-year 5-year 10-year
Strategic Municipal Opportunities Fund MAMTX 96 10 8 3 Muni National Intermediate
California Municipal Opportunities Fund MACMX 76 1 2 2 Muni California Intermediate
New York Municipal Opportunities Fund MANKX 91 1 1 1 Muni New York Intermediate
New Jersey Municipal Bond Fund MANJX 53 33 29 2 Muni New Jersey
National Municipal Fund MANLX 52 16 22 5 Muni National Intermediate
Pennsylvania Municipal Bond Fund MAPYX 67 39 24 14 Muni Pennsylvania
High Yield Municipal Fund MAYHX 25 24 18 12 High Yield Muni
1-25 percentile ranking 26-50 percentile ranking 51-75 percentile ranking 76-100 percentile ranking

Fund

Strategic Municipal Opportunities Fund

Overall Morningstar Rating

Ticker

MAMTX

Category

Muni National Intermediate

Morningstar Percentile Ranking3

1-year 3-year 5-year 10-year
96 10 8 3

Learn more

Fund

California Municipal Opportunities Fund

Overall Morningstar Rating

Ticker

MACMX

Category

Muni California Intermediate

Morningstar Percentile Ranking3

1-year 3-year 5-year 10-year
76 1 2 2

Learn more

Fund

New York Municipal Opportunities Fund

Overall Morningstar Rating

Ticker

MANKX

Category

Muni New York Intermediate

Morningstar Percentile Ranking3

1-year 3-year 5-year 10-year
91 1 1 1

Learn more

Fund

New Jersey Municipal Bond Fund

Overall Morningstar Rating

Ticker

MANJX

Category

Muni New Jersey

Morningstar Percentile Ranking3

1-year 3-year 5-year 10-year
53 33 29 2

Learn more

Fund

National Municipal Fund

Overall Morningstar Rating

Ticker

MANLX

Category

Muni National Intermediate

Morningstar Percentile Ranking3

1-year 3-year 5-year 10-year
52 16 22 5

Learn more

Fund

Pennsylvania Municipal Bond Fund

Overall Morningstar Rating

Ticker

MAPYX

Category

Muni Pennsylvania

Morningstar Percentile Ranking3

1-year 3-year 5-year 10-year
67 39 24 14

Learn more

Fund

High Yield Municipal Fund

Overall Morningstar Rating

Ticker

MAYHX

Category

High Yield Muni

Morningstar Percentile Ranking3

1-year 3-year 5-year 10-year
25 24 18 12

Learn more

1-25 percentile ranking
26-50 percentile ranking
51-75 percentile ranking
76-100 percentile ranking

Performance data quoted represents past performance and does not guarantee future results.
Source: Morningstar as of 9/30/19. Rankings for all funds are for the Institutional share class. Performance for other share classes may vary. Rankings based on total return excluding sales charges, independently calculated and not combined to create an overall ranking. The following funds are ranked as follows: California Municipal Opportunities Fund: 1 Year 55/65; 3 Year 1/56; 5 Year 2/52; 10 Year 2/44. National Municipal Fund: 1 Year 121/281; 3 Year 30/244; 5 Year 47/217; 10 Year 8/149. New York Municipal Opportunities Fund: 1 Year 46/52; 3 Year 1/48; 5 Year 1/46; 10 Year 1/39. Strategic Municipal Opportunities Fund: 1 Year 271/281; 3 Year 17/244; 5 Year 12/217; 10 Year 4/149. Pennsylvania Municipal Bond Fund: 1 Year 35/59; 3 Year 20/53; 5 Year 13/51; 10 Year 7/47. New Jersey Municipal Bond Fund: 1 Year 27/53; 3 Year 13/47; 5 Year 12/46; 10 Year 2/40. High Yield Municipal Fund: 1 Year 37/189; 3 Year 41/155; 5 Year 28/136; 10 Year 9/87.

Ratings based on risk-adjusted total return, determined monthly and subject to change. Strategic Municipal Opportunities Fund and National Municipal Fund rated against 244 Muni National Interm Funds; California Municipal Opportunities Fund rated against 56 Muni California Intermediate Funds; New York Municipal Opportunities Fund rated against 48 Muni New York Intermediate Funds; High Yield Municipal Fund rated against 155 High Yield Muni Funds; Pennsylvania Municipal Bond Fund rated against 53 Muni Pennsylvania Funds; New Jersey Municipal Fund rated against 47 Muni New Jersey Funds. The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its 3-, 5-, and 10-year
(if applicable) Morningstar Rating metrics.1