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BlackRock PA Municipal Bond Instl (MAPYX)

9.68 0.00 (0.00%)
As of 8:42 AM EDT. Market Open.

Fund Summary

The fund invests primarily in a portfolio of long-term investment grade Pennsylvania municipal bonds. Under normal circumstances, it will invest at least 80% of its assets in Pennsylvania municipal bonds. At least 80% of the fund's assets will be invested in investment grade securities. The fund's weighted average maturity will be more than ten years. It is non-diversified.

BlackRock PA Municipal Bond Instl

Wilmington DE 19809
100 Bellevue Parkway

Fund Overview

Category Muni Pennsylvania
Fund Family BlackRock
Net Assets 363.83M
YTD Return 0.15%
Yield 3.37%
Morningstar Rating
Inception Date Oct 02, 2006

Fund Operations

Last Dividend 0.08
Last Cap Gain -16.00
Holdings Turnover 46.00%
Average for Category --

Fees & Expenses

Expense MAPYX Category Average
Annual Report Expense Ratio (net) 1.59% 0.90%
Prospectus Net Expense Ratio 1.59% --
Prospectus Gross Expense Ratio 1.74% --
Max 12b1 Fee -- --
Max Front End Sales Load -- 4.16%
Max Deferred Sales Load -- 1.54%
3 Yr Expense Projection 0 --
5 Yr Expense Projection 0 --
10 Yr Expense Projection 0 --

Management Information

Theodore R. Jaeckel, Lead Manager since December 07, 2006
Jaeckel Jr. is managing director at BlackRock. He joined BlackRock following the merger with Merrill Lynch Investment Managers (MLIM) in 2006. He is a member of BlackRock's Fixed Income Portfolio Management Group. Prior to joining MLIM in 1990, he was a municipal bond trader with Chemical Bank. Jaeckel holds the Chartered Financial Analyst designation.

Morningstar Style Box

Morningstar Category

While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk, and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. When necessary, we may change a category assignment based on recent changes to the portfolio.

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