Bridge on the river

Municipal bonds: now more than ever

Municipal bonds strive to deliver tax-free income in a high tax world. With COVID-19 related government spending driving record deficits, investors could be facing higher taxes from here on out.

BlackRock’s municipal advantage

As the world’s largest municipal bond manager, BlackRock’s size and scale can mean greater access to inventory and tighter trading spreads.1

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An award-winning team
BlackRock’s 57 experts comb through thousands of issuers to identify opportunities and manage risk in the fragmented muni market.
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Technology that sees opportunities & risks
Our experts leverage Aladdin®, BlackRock’s risk management technology, to identify risks and drivers of performance in the market.

A track record of strong performance

Explore BlackRock’s platform of municipal bond solutions to help your client’s keep more of what they earn.

 

Ticker Name Morningstar category Morningstar Rating 1-yr Morningstar percentile ranking 3-yr Morningstar percentile ranking 5-yr Morningstar percentile ranking 10-yr Morningstar percentile ranking
MAMTX Strategic Municipal Opportunities Fund Muni National Intermediate 4 3 45 12 8
MACMX California Municipal Opportunities Fund Muni California Intermediate 5 6 19 3 3
MANKX New York Municipal Opportunities Fund Muni New York Intermediate 5 2 23 3 1
MANLX National Municipal Fund  Muni National Intermediate 4 25 31 27 9
MAYHX High Yield Municipal Fund High Yield Muni 4 4 9 12 16
MAPYX Pennsylvania Municipal Bond Fund Muni Pennsylvania 4 17 42 33 20
MANJX New Jersey Municipal Bond Fund Muni New Jersey 4 38 36 24 18

Performance data quoted represents past performance and does not guarantee future results.
Source: Morningstar as of 12/31/2021. 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: Strategic Municipal Opportunities Fund: 1 Year 8/298; 3 Year 115/270; 5 Year 22/231; 10 Year 11/168. California Municipal Opportunities Fund: 1 Year 4/67; 3 Year 13/66; 5 Year 3/57; 10 Year 3/50. New York Municipal Opportunities Fund: 1 Year 2/52; 3 Year 13/51; 5 Year 3/45; 10 Year 1/40. National Municipal Fund: 1 Year 67/298; 3 Year 73/270; 5 Year 64/231; 10 Year 16/168. High Yield Municipal Fund: 1 Year 5/198; 3 Year 13/189; 5 Year 15/153; 10 Year 16/103. Pennsylvania Municipal Bond Fund: 1 Year 11/53; 3 Year 21/51; 5 Year 15/46; 10 Year 9/42. New Jersey Municipal Bond Fund: 1 Year 18/49; 3 Year 15/48; 5 Year 9/42; 10 Year 8/38. Ratings based on risk-adjusted total return, determined monthly and subject to change.
Source: Morningstar as of 12/31/2021. The Morningstar Rating™ for funds, or “star rating”, is calculated for managed products (including mutual funds, variable annuity and variable life sub-accounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product’s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. Strategic Municipal Opportunities Fund (Inst. shares) received a Morningstar Rating of 3 star for the 3-year period, 4 stars for the 5-year period and 4 stars for the 10-year period, rated against 270, 231 and 168 Muni National Interm Funds, respectively. California Municipal Opportunities Fund (Inst. shares) received a Morningstar Rating of 4 stars for the 3-year period, 5 stars for the 5-year period and 5 stars for the 10-year period, rated against 66, 57 and 50 Muni California Interm Funds, respectively. New York Municipal Opportunities Fund (Inst. shares) received a Morningstar Rating of 4 stars for the 3-year period, 5 stars for the 5-year period and 5 stars for the 10-year period, rated against 51, 45 and 40 Muni New York Interm Funds, respectively. National Municipal Fund (Inst. shares) received a Morningstar Rating of 3 stars for the 3-year period, 4 stars for the 5-year period and 5 stars for the 10-year period, rated against 270, 231 and 168 Muni National Interm Funds, respectively. High Yield Municipal Fund (Inst. shares) received a Morningstar Rating of 5 stars for the 3-year period, 4 stars for the 5-year period and 4 stars for the 10-year period, rated against 189, 153 and 103 High Yield Municipal Funds, respectively. Pennsylvania Municipal Bond Fund (Inst. shares) received a Morningstar Rating of 4 stars for the 3-year period, 4 stars for the 5-year period and 4 stars for the 10-year period, rated against 51, 46 and 42 Municipal Pennsylvania Funds, respectively. New Jersey Municipal Bond Fund (Inst. shares) received a Morningstar Rating of 4 stars for the 3-year period, 4 stars for the 5-year period and 4 stars for the 10-year period, rated against 48, 42 and 38 Municipal New Jersey Funds, respectively. Other share classes for these funds may have different performance characteristics.

Performance data quoted represents past performance and is no guarantee of future results. Investment returns and principal values may fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. All returns assume reinvestment of dividends and capital gains. Current performance may be lower or higher than that shown. For most recent month-end performance and standardized performance, click on the fund names above.

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