10.95 Up unch unch
DETAILS
Symbol Value ($)
Morningstar Rating
Previous Close 10.95
Category Muni National Long
Net Assets 391.24 Mil
Yield 2.89%
Morningstar Risk Average
Morningstar Return Average
  • Last NAV update 9/12/2014 4:00 PM ET
INVESTMENT OBJECTIVE
NA
The investment seeks to provide shareholders with as high a level of income exempt from Federal income taxes as is consistent with the investment policies of the fund. The fund typically invests at least 80% of assets in municipal bonds. Although the fund intends to invest at least 65% of net assets in municipal bonds rated investment grade or in unrated municipal bonds that fund management believes are of comparable quality, it is possible that in the future the fund could invest up to 100% of its assets in "junk bonds." It usually invests in municipal bonds that have a maturity of five years or longer.
CUMULATIVE PERFORMANCE OF $10,000
  2010 2011 2012 2013 2014
Return 2.18% 10.54% 8.81% -3.92% 7.93%
Value ($) 10,218.15 11,295.11 12,290.75 11,809.19 12,745.58
  • Year to date performance as of 9/12/2014 12:00 AM ET
MANAGEMENT & PURCHASE INFO
Symbol Value ($)
Fund Family BlackRock
Fund Manager Walter O'Connor
Tenure (Years) 18
Fund Status Open
Minimum Initial Purchase 1,000.00
Minimum IRA Investment 1,000.00
Front Load 0.00
Expense Ratio 1.47%
PERFORMANCE
Symbol Value ($)
1 Month 0.59%
3 Months 1.51%
1 Year 10.24%
3 Years* 5.01%
5 Years* 5.22%
  • * Annualized returns
  • Performance as of 9/12/2014 12:00 AM ET
PEER COMPARISON
  MFNLX Muni National Long
5-Yr Return 5.22% 5.06%
Sharpe Ratio 1.12 3.25
Net Assets 391.24 Mil 408.81 Mil
Avg Market Cap NA 28.00 Bil
Avg P/E NA NA
Portfolio Turnover 35 35
HOLDINGS
Symbol Value ($)
Stocks 0.00%
Cash 7.19%
Fixed Income 94.01%
Other 0.00%
TOP 10 HOLDINGS
NAME % NET ASSETS
Salt River Proj Ariz Agric Imp Rev Bd 5% 2.23%
Utah Cnty Utah Hosp Rev Rev Bds 5% 1.64%
Lamar Tex Cons Indpt Sch Dist 2% 1.55%
Indianapolis Ind Loc Pub Impt Bd Bk 5.5% 1.34%
Tarrant Cnty Tex Cultural Ed F Rev Bd 6% 1.31%
California Statewide Cmntys De Rev Bd 5% 1.29%
Clark Cnty Nev Arpt Rev Subordina 5.75% 1.29%
Long Island Pwr Auth 6% 1.25%
Tulare Cnty Calif Trans 2% 1.22%
North East Indpt Sch Dist 2% 1.12%
DATA PROVIDERS

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