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MSPYX BlackRock PA Municipal Bond Svc

  • Fund
  • MSPYX
  • Price as of: Nov 17, 2017
  • $11.18
  • - $0.00
  • - 0.00%
  • Category
  • Single State Municipal Bonds

MSPYX - Profile

Vitals

  • YTD Return 1.5%
  • 3 Yr Annualized Return 3.1%
  • 5 Yr Annualized Return 2.9%
  • Net Assets $489 M
  • Holdings in Top 10 19.9%

52 WEEK LOW AND HIGH

$11.18
$10.90
$11.25

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.13%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 18.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$5,000

IRA

N/A

Investment Themes

CATEGORY

Single State Municipal Bonds
  • Fund Type Open End Mutual Fund
  • Investment Style Muni Pennsylvania

Distributions

  • YTD Total Return 1.5%
  • 3 Yr Annualized Total Return 3.1%
  • 5 Yr Annualized Total Return 2.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.84%
DIVIDENDS
  • Dividend Yield 0.4%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name BlackRock Pennsylvania Municipal Bond Fund
  • Fund Family Name BlackRock
  • Inception Date Oct 02, 2006
  • Shares Outstanding N/A
  • Share Class S
  • Currency USD
  • Domiciled Country United States
  • Manager Phillip Soccio

Fund Description

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.

MSPYX - Performance

Return Ranking - Trailing

Period MSPYX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 1.5% -22.9% 6.0% 30.54% 3
1 Yr 1.4% -8.5% 11.9% 22.95% 2
3 Yr 3.1% * -1.6% 8.2% 16.97% 1
5 Yr 2.9% * -1.4% 7.1% 21.39% 2
10 Yr 4.4% * 0.1% 5.8% 11.37% 1

* Annualized


Return Ranking - Calendar

Period MSPYX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 -3.7% -4.9% 0.6% 63.87% 5
2015 -0.1% -7.9% 7.9% 18.93% 2
2014 8.0% -7.6% 15.6% 7.92% 1
2013 -9.6% -20.2% 6.4% 66.20% 5
2012 4.7% -0.9% 13.5% 17.36% 2

Total Return Ranking - Trailing

Period MSPYX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 1.5% -22.9% 6.0% 30.54% 3
1 Yr 1.4% -12.9% 8.6% 16.50% 1
3 Yr 3.1% * -2.2% 8.2% 11.38% 1
5 Yr 2.9% * -1.8% 7.1% 15.97% 1
10 Yr 4.4% * 0.1% 5.8% 8.95% 1

* Annualized


Total Return Ranking - Calendar

Period MSPYX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 -3.7% -4.9% 0.7% 64.47% 5
2015 -0.1% -7.9% 7.6% 25.93% 3
2014 8.0% -7.6% 17.8% 9.42% 1
2013 -9.6% -20.2% 6.4% 67.25% 5
2012 4.8% -0.6% 13.5% 20.69% 2

NAV & Total Return History

MSPYX - Holdings

Filings data as of: Sep 30, 2017

Concentration Analysis

MSPYX Category Low Category High MSPYX % Rank Quintile
Net Assets 489 M 2.11 M 16 B 11.05% 2
Number of Holdings 175 18 3653 11.35% 2
Net Assets in Top 10 96.9 M -6.62 M 2.6 B 11.06% 2
Weighting of Top 10 19.9% 3.8% 73.5% 25.61% 3

Top 10 Holdings

  1. Philadelphia Pa Arpt Rev Airport R 5% 3.15%
  2. Pennsylvania St Higher Edl Fac Rev Bd 5% 2.48%
  3. Pennsylvania St Univ Rev Bds 5% 2.23%
  4. Pennsylvania Econ Dev Fing Rev Bds 6.75% 2.10%
  5. Philadelphia Pa Arpt Rev Rev Bds 5% 1.99%
  6. Delaware Riv Port Auth 5% 1.68%
  7. Pennsylvania St Higher Edl Fac Rev 5.25% 1.67%
  8. Pennsylvania Econ Dev Fing Tax Exemp 5% 1.60%
  9. Fox Chapel Pa Area Sch Dist 5% 1.53%
  10. Tender Opt Bd Tr Rcpts / Ctfs Ctfs 1.49%

Asset Allocation

Weighting Category Low Category High MSPYX % Rank Quintile
Bonds
99.68% 0.00% 103.74% 4.84% 2
Cash
0.33% -3.74% 99.63% 19.79% 3
Stocks
0.00% 0.00% 0.75% 0.68% 3
Preferred Stocks
0.00% 0.00% 2.18% 0.39% 2
Other
0.00% -1.95% 23.51% 5.92% 3
Convertible Bonds
0.00% 0.00% 0.00% 0.10% 2

Bond Sector Breakdown

Weighting Category Low Category High MSPYX % Rank Quintile
Municipal
99.67% 0.00% 115.24% 5.92% 2
Cash & Equivalents
0.33% -3.74% 99.63% 19.11% 3
Derivative
0.00% -5.89% 0.00% 0.10% 2
Securitized
0.00% 0.00% 0.00% 0.10% 2
Corporate
0.00% 0.00% 5.14% 2.81% 3
Government
0.00% -20.29% 6.50% 3.98% 3

Bond Geographic Breakdown

Weighting Category Low Category High MSPYX % Rank Quintile
US
98.86% 0.00% 109.11% 9.51% 2
Non US
0.82% -10.46% 27.70% 10.77% 2

MSPYX - Expenses

Operational Fees

MSPYX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.13% 0.09% 5.19% 9.70% 4
Management Fee 0.52% 0.00% 1.30% 1.16% 4
12b-1 Fee 0.25% 0.00% 1.00% 2.30% 3
Administrative Fee N/A 0.00% 0.33% N/A N/A

Sales Fees

MSPYX Fees (% of AUM) Category Low Category High MSPYX Rank Quintile
Front Load N/A 1.00% 5.75% N/A N/A
Deferred Load N/A 0.50% 5.50% N/A N/A

Trading Fees

MSPYX Fees (% of AUM) Category Low Category High MSPYX Rank Quintile
Max Redemption Fee N/A 0.50% 2.00% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

MSPYX Fees (% of AUM) Category Low Category High MSPYX Rank Quintile
Turnover 18.00% 0.00% 219.00% 6.30% 3

MSPYX - Distributions

Dividend Yield Analysis

MSPYX Category Low Category High MSPYX % Rank Quintile
Dividend Yield 0.4% 0.00% 0.99% 9.54% 2

Dividend Distribution Analysis

MSPYX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

MSPYX Category Low Category High MSPYX % Rank Quintile
Net Income Ratio 3.84% 0.00% 6.13% 3.98% 1

Capital Gain Distribution Analysis

MSPYX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Daily Annually

MSPYX - Managers

Phillip Soccio

Manager

Start Date

Sep 29, 2009

Tenure

8.09

Tenure Rank

8.5%

Phillip Soccio, CFA, Director and portfolio manager, is a member of the BlackRock's Fixed Income Portfolio Management Group.Prior to assuming his current role in 2007, Mr. Soccio was a member of BlackRock's Cash Management Group, where he was responsible for managing various tax-exempt money market funds. From 1998 to 2000, he was a member of BlackRock's Account Management Group responsible for institutional client service and marketing support. Mr. Soccio began his career at BlackRock in 1998.


Walter O'Connor

Manager

Start Date

Dec 07, 2006

Tenure

10.91

Tenure Rank

6.6%

O’Connor, CFA, is Managing Director of BlackRock, Inc. since 2006. He is Managing Director of MLIM from 2003 to 2006 and Director (Municipal Tax-Exempt Fund Management) of MLIM from 2000 to 2003.


Theodore R. Jaeckel

Manager

Start Date

Dec 07, 2006

Tenure

10.91

Tenure Rank

6.6%

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.


Tenure Analysis

Category Low

0.1

Category High

38.0

Category Average

9.72

Category Mode

0.7