Put municipal bonds to work for you

Taxes have changed, but has your investment strategy?

With recent tax reform, two major changes occurred that you and your clients should know about:

1
Taxes did not go down by much
The top marginal federal tax rate only went down by 2.6%, from 43.4% to 40.8%.1
2
Deductions are now limited
Individual State and Local Tax (SALT) deductions from federal taxes owed are now reduced to $10,000, which were previously unlimited.1

Help your clients keep more and pay less with municipal bonds

Municipal bonds can help your clients keep more income, potentially reducing their tax bill and offer additional benefits like diversification and lower volatility.

Watch the video below to learn more.

Investors should be thinking about two things: preserving capital & tax reform.

— Peter Hayes, BlackRock’s Head of Municipal Bonds

Highlights and market outlook for municipal bonds

Read the latest Municipal Market Update that features our analysis of the muni markets, strategy and outlook.

Quality. Value. Breadth. BlackRock.

We are here to help you find the right municipal bond strategies, whether it be our strong-performing mutual funds, low-cost ETFs, or separately managed accounts.

Click on the tabs below to explore our solutions.

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Strong-performing mutual funds

7 of 8 BlackRock municipal bond funds, accounting for 98% of our municipal assets, have 1st quartile performance and a 5-star overall Morningstar rating.2

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 1 1 6 1 Muni National Intermediate
California Municipal Opportunities Fund MACMX 1 1 1 1 Muni California Intermediate
New York Municipal Opportunities Fund MANKX 1 1 1 1 Muni New York Intermediate
New Jersey Municipal Bond Fund MANJX 11 13 4 4 Muni New Jersey
Pennsylvania Municipal Bond Fund MAPYX 22 17 5 6 Muni Pennsylvania
National Municipal Fund MANLX 15 21 15 4 Muni National Intermediate
High Yield Municipal Fund MAYHX 29 22 17 1 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
1 1 6 1

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
1 1 1 1

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
1 1 1 1

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
11 13 4 4

Fund

Pennsylvania Municipal Bond Fund

Overall Morningstar Rating

Ticker

MAPYX

Category

Muni Pennsylvania

Morningstar Percentile Ranking3

1-year 3-year 5-year 10-year
22 17 5 6

Fund

National Municipal Fund

Overall Morningstar Rating

Ticker

MANLX

Category

Muni National Intermediate

Morningstar Percentile Ranking3

1-year 3-year 5-year 10-year
15 21 15 4

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
29 22 17 1
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 9/30/18. Subject to change. Ratings based on risk-adjusted total return, determined monthly and subject to change. Rankings based on total return excluding sales charges, independently calculated and not combined to create an overall ranking. Strategic Municipal Opportunities Fund rated and National Municipal Fund rated against 260 Muni National Intermediate Funds; California Municipal Opportunities Fund rated against 58 Muni California Intermediate Funds; New York Municipal Opportunities Fund rated against 47 Muni New York Intermediate Funds; High Yield Municipal Fund rated against 159 High Yield Muni Funds; Pennsylvania Municipal Bond Fund rated against 55 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.2

Low-cost iShares® ETFs

We offer the lowest cost municipal bond ETF options,4 helping you keep costs low, give transparency into what you own, and provide intraday liquidity.

Click on the fund ticker below to explore our strategies.

Performance data as of 09/30/2018. The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted. Standardized performance and performance data current to the most recent month end may be obtained by clicking on each ticker above.

Personalized separately managed accounts

SMAs give you the opportunity to partner with a dedicated BlackRock portfolio manager, affording you access to the firm’s scale, inventory, research and execution so you can put more time into growing and building your practice.

Dedicated portfolio manager partner
Partner with your personal portfolio manager to help add efficiencies.5
Personal, flexible approach
Test drive and use the Aladdin in-kind transition process.
Customized investment strategy
Explore personalized portfolios and relationship pricing.