BlackRock NJ Municipal Bond K (MKNJX)
| Fund Assets | 283.24M |
| Expense Ratio | 0.48% |
| Min. Investment | $5,000,000 |
| Turnover | 33.00% |
| Dividend (ttm) | 0.38 |
| Dividend Yield | 3.69% |
| Dividend Growth | 1.08% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Sep 30, 2025 |
| Previous Close | 10.23 |
| YTD Return | 1.51% |
| 1-Year Return | 1.13% |
| 5-Year Return | 5.41% |
| 52-Week Low | 9.64 |
| 52-Week High | 10.41 |
| Beta (5Y) | n/a |
| Holdings | 195 |
| Inception Date | Jan 25, 2018 |
About MKNJX
BlackRock New Jersey Municipal Bond Fund Class K is a mutual fund that specializes in investing primarily in long-term, investment-grade municipal bonds issued within the state of New Jersey. Its central purpose is to provide investors with a stream of income that is generally exempt from both federal income tax and New Jersey personal income tax. The fund maintains a portfolio that typically carries a weighted average maturity exceeding ten years, making it suitable for those seeking tax-advantaged income over the long term. Its holdings predominantly feature municipal securities backing essential public projects such as transportation, healthcare, and education infrastructure in New Jersey. Managed through rigorous credit research and a diversified approach, the fund aims to achieve attractive risk-adjusted returns while maintaining a high standard of credit quality. With over 190 holdings and a strong focus on New Jersey’s public sector, the fund plays a pivotal role in regional municipal finance and offers institutional investors exposure to the state’s tax-exempt bond market.
Performance
MKNJX had a total return of 1.13% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.04%.
Top 10 Holdings
26.36% of assets| Name | Symbol | Weight |
|---|---|---|
| BlackRock Liquidity Funds - MuniCash | MCSXX | 4.74% |
| NEW JERSEY ST EDL FACS AUTH REV | NJ.NJSEDU 5.25 03.01.2054 | 3.16% |
| NEW JERSEY ST TRANSN TR FD AUTH | NJ.NJSTRN 0 12.15.2032 | 2.81% |
| ESSEX CNTY N J IMPT AUTH REV | NJ.ESSGEN 4 11.01.2044 | 2.57% |
| NEW JERSEY ST TRANSN TR FD AUTH | NJ.NJSTRN 5.25 06.15.2055 | 2.52% |
| NEW JERSEY HEALTH CARE FACS FING AUTH REV | NJ.NJSMED 3 07.01.2051 | 2.38% |
| NEW JERSEY ST TRANSN TR FD AUTH | NJ.NJSTRN 0 12.15.2035 | 2.14% |
| UNION CNTY N J UTILS AUTH RESOURCE RECOVERY FAC LEASE REV | NJ.UNNUTL 5.25 12.01.2031 | 2.14% |
| NEW JERSEY ST TRANSN TR FD AUTH | NJ.NJSTRN 0 12.15.2038 | 2.00% |
| NEW JERSEY ST TRANSN TR FD AUTH | NJ.NJSTRN 5.25 06.15.2050 | 1.90% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Sep 30, 2025 | $0.03252 | Sep 30, 2025 |
| Aug 29, 2025 | $0.03205 | Aug 29, 2025 |
| Jul 31, 2025 | $0.03224 | Jul 31, 2025 |
| Jun 30, 2025 | $0.03209 | Jun 30, 2025 |
| May 30, 2025 | $0.03158 | May 30, 2025 |
| Apr 30, 2025 | $0.03184 | Apr 30, 2025 |