About MDNJX
BlackRock New Jersey Municipal Bond Fund Investor A1 Shares is an open-end municipal bond mutual fund focused on generating income that is exempt from federal and New Jersey state personal income taxes by investing primarily in long-term, investment‑grade municipal securities issued within the state. The portfolio emphasizes credits backed by essential services and public-purpose projects, including transportation, healthcare facilities, county and utilities authorities, and tobacco settlement revenue bonds, reflecting the state’s core infrastructure and revenue streams. Managed within BlackRock’s municipal platform, the strategy typically maintains moderate interest rate sensitivity and investment‑grade credit quality, aligning it with the New Jersey muni category profile. The fund’s objective and tax profile position it as a vehicle for tax‑advantaged income sourced from New Jersey municipalities, agencies, and related issuers, with holdings diversified across sectors such as state transportation trust funds, county improvement authorities, and healthcare financing authorities. Morningstar notes the strategy’s Above Average Process assessment within the category, highlighting the team’s approach and research depth in state‑specific municipal markets.
Fund Family BlackRock
Category Muni New Jersey
Performance Rating Above Average
Risk Rating Above Average
Stock Exchange Nasdaq
Ticker Symbol MDNJX
Index S&P Municipal Bond TR USD
MDNJX had a total return of -1.55% in the past year, including dividends. Since the fund's
inception, the average annual return has been 4.04%.
