MKNJX

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.