Overview
Performance
Performance
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Returns
1y | 3y | 5y | 10y | |
---|---|---|---|---|
Total Return (%) | 10.01 | -0.13 | 1.06 | 2.17 |
Benchmark (%) | 10.48 | 0.09 | 1.41 | 2.57 |
Morningstar Category Avg. (%) | 12.76 | -0.36 | 1.19 | 2.47 |
Morningstar Ranking | 158/168 | 70/164 | 99/155 | 86/116 |
Morningstar Quartile | 4 | 2 | 3 | 3 |
Lipper Ranking | 230/287 | 132/272 | 159/257 | 121/183 |
Lipper Quartile | 4 | 2 | 3 | 3 |
YTD | 1m | 3m | 1y | 3y | 5y | 10y | |
---|---|---|---|---|---|---|---|
Total Return (%) | 2.14 | 1.13 | 2.60 | 10.01 | -0.38 | 5.44 | 23.90 |
Benchmark (%) | 2.66 | 1.06 | 2.73 | 10.48 | 0.28 | 7.26 | 28.90 |
Morningstar Category Avg. (%) | 3.81 | 1.22 | 2.85 | 12.76 | -1.09 | 6.11 | 27.60 |
2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Total Return (%) | 7.24 | 4.70 | 1.36 | -8.84 | 6.21 |
Benchmark (%) | 7.74 | 5.26 | 1.83 | -9.04 | 6.50 |
Morningstar Category Avg. (%) | 8.37 | 5.36 | 2.88 | -11.88 | 6.97 |
Performance is shown after deduction of ongoing charges. Any entry and exit charges are excluded from the calculation.
The Fund’s returns prior to November 19, 2018 reflect the performance of the State Farm Tax Advantaged Bond Fund (the “Predecessor Fund”). Effective November 19, 2018, the Fund adopted the performance of the Predecessor Fund as a result of a reorganization in which the Fund acquired all of the assets and assumed certain stated liabilities of the Predecessor Fund. Performance shown is based on the investment objective and investment strategies utilized by the Predecessor Fund, which differed from those of the Fund. The Predecessor Fund was managed by a different investment adviser and had a different portfolio management team from that of the Fund. For periods prior to November 19, 2018, Investor A Shares adopted the performance of Premier Shares of the Predecessor Fund.
Key Facts
Key Facts
Portfolio Characteristics
Portfolio Characteristics
Sustainability Characteristics
Sustainability Characteristics
To be included in MSCI ESG Fund Ratings, 65% (or 50% for bond funds and money market funds) of the fund’s gross weight must come from securities with ESG coverage by MSCI ESG Research (certain cash positions and other asset types deemed not relevant for ESG analysis by MSCI are removed prior to calculating a fund’s gross weight; the absolute values of short positions are included but treated as uncovered), the fund’s holdings date must be less than one year old, and the fund must have at least ten securities. MSCI Ratings are currently unavailable for this fund.
Business Involvement
Business Involvement
Business Involvement metrics can help investors gain a more comprehensive view of specific activities in which a fund may be exposed through its investments.
Business Involvement metrics are not indicative of a fund’s investment objective, and, unless otherwise stated in fund documentation and included within a fund’s investment objective, do not change a fund’s investment objective or constrain the fund’s investable universe. For more information regarding a fund's investment strategy, please see the fund's prospectus.
Review the MSCI methodology behind the Business Involvement metrics, using links below.
Business Involvement metrics are calculated by BlackRock using data from MSCI ESG Research which provides a profile of each company’s specific business involvement. BlackRock leverages this data to provide a summed up view across holdings and translates it to a fund's market value exposure to the listed Business Involvement areas above.
Business Involvement metrics are designed only to identify companies where MSCI has conducted research and identified as having involvement in the covered activity. As a result, it is possible there is additional involvement in these covered activities where MSCI does not have coverage. This information should not be used to produce comprehensive lists of companies without involvement. Business Involvement metrics are only displayed if at least 1% of the fund’s gross weight includes securities covered by MSCI ESG Research.
Fees
Fees
Gross Expense Ratio | 0.55% |
Net Expense Ratio | 0.50% |
Net Expense Ratio excluding Investment Related Expenses is 0.50%
- Acquired Fund Fees and Expenses 0.00%
- Interest expense 0.00%
Ratings
Ratings
Holdings
Holdings
Name | Weight (%) |
---|---|
DENVER COLO CITY & CNTY ARPT R 5.5 11/15/2029 | 1.42 |
NEW YORK N Y CITY TRANSITIONAL 5 02/01/2032 | 1.10 |
WASHINGTON ST HEALTH CARE FACS 5 10/01/2038 | 0.93 |
OHIO ST WTR DEV AUTH WTR POLLU 5 12/01/2028 | 0.90 |
METROPOLITAN TRANSN AUTH N Y R 5 11/15/2034 | 0.87 |
Name | Weight (%) |
---|---|
NEW JERSEY ST TRANSN TR FD AUTH 0 12/15/2035 | 0.86 |
NORTH TEX TWY AUTH REV 5 01/01/2043 | 0.79 |
NEW YORK N Y 4 08/01/2040 | 0.78 |
GEORGIA ST 5 07/01/2028 | 0.77 |
MARYLAND ST 5 06/01/2033 | 0.73 |
Name | Market Value | Weight (%) | Shares | Maturity | Coupon (%) |
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Exposure Breakdowns
Exposure Breakdowns
% of Market Value
Allocations are subject to change.