BlackRock Pennsylvania Municipal Bond Fund Investor C Shares is a municipal bond mutual fund that primarily invests in a diversified portfolio of long-term, investment grade municipal bonds issued within Pennsylvania. Its chief purpose is to provide investors with federally tax-exempt income by investing at least 80% of its assets in Pennsylvania municipal debt securities, which may include obligations issued by state and local governments and their agencies. These bonds support sectors such as public infrastructure, education, and healthcare within the state. The fund focuses on high credit quality and disciplined credit research to help manage risk and pursue consistent, risk-adjusted returns. With a history dating back to 1990 and holding over 150 issuers, it serves investors seeking exposure to Pennsylvania’s municipal bond market and the potential tax advantages typically associated with municipal bonds, while also managing risks inherent to single-state concentration and municipal credit quality. Managed by BlackRock, one of the world’s largest asset managers, the fund’s size and professional oversight contribute to its role as a significant vehicle for accessing Pennsylvania’s municipal securities market.
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