BlackRock Apex Municipal

The investment seeks high current income exempt from federal income taxes.
The fund normally invests at least 80% of assets in municipal obligations. It usually invests at least 75% of assets in securities rated BBB or lower. In general, the fund may invest no more than 25% of assets in any one state. It may hedge its portfolio through the use of options and futures. To discourage takeovers, board members serve staggered terms and supermajority approval of shareholders is required to remove a director or to merge, sell, liquidate, or open-end the fund. The fund is non-diversified.

Key stats

Management firm  BlackRock
12 month yield  6.12%
Fund currency  USD
Launch Date  1989-07-25
ISIN  US09254H1068
Manager 1 Name  Theodore Jaeckel Jr.
Manager 2 Name  Walter O'Connor
Fund Strategy  High Yield Muni
Benchmark  BarCap Municipal TR USD
Fund Structure  Closed Ended Investment Company
UCITS 3 compliant  no

Performance/Volatility

Return Date  2011-01-31
Return - 1 Month  -0.81%
Return - 2 Months  -2.67 %
Return - 3 Months  -5.59%
Return - 6 Months  -2.20 %
Return - 9 months  0.44 %
Return - 12 Months  4.94%
Annualized return 24 months  16.45 %
Annualized return 36 months  3.95 %
Annualized return 48 months  3.12 %
Annualized return 60 months  4.31 %
Return 120 months  6.19 %
Annualized return since Inception  6.05%
Return YTD  -0.81%

Ratings

Morning Star Rating Date   2011-01-31
Morning Star Rating - 36 Months  fund has a 4 star rating fund has a 4 star rating fund has a 4 star rating fund has a 4 star rating
Morning Star Rating - 60 Months  fund has a 4 star rating fund has a 4 star rating fund has a 4 star rating fund has a 4 star rating
Morning Star Rating - 120 Months  fund has a 4 star rating fund has a 4 star rating fund has a 4 star rating fund has a 4 star rating
Morning Star Rating - Overall  fund has a 4 star rating fund has a 4 star rating fund has a 4 star rating fund has a 4 star rating

Charges

Maximum Managment Charge  0.65 %

Contact

Contact Address  BlackRock Funds
Contact Address 2  P.O. Box 9819
Contact Address 3  Providence, RI 02940-8019
Contact city  Providence
Contact country  United States
Fund Admin Group  BlackRock
Web Address  www.blackrock.com
Email contact  funds@blackrock.com

Price

Last Price Date  2011-02-25
Pre-tax nav  8.36
Price change  $-0.02
Price change (percentage)  -0.18 %

Funds Disclaimer

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Ratings Disclaimer

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