New Jersey Municipal Bond Fund Q3 2025 Commentary BlackRock 5. 05K Follower s Comments Summary The fund posted returns of 3. 30% (Institutional shares) and 3. 24% (Investor A shares, without sales charge) for the third quarter of 2025. The fund’s outperformance of its benchmark was primarily driven by its long duration (high interest rate sensitivity) and long yield curve positioning. The fund had an overweight allocation to bonds maturing in 15 or more years, while it was fully invested, which meant that the cash reserve was limited. The fund extended duration in the spring amid market volatility to lock in attractive yields, capitalizing on a steepening municipal bond yield curve relative to U. S. Treasuries. This strategic positioning helped the fund to navigate uncertainty and boost performance as sentiment shifted. The fund posted returns of 3. 30% (Institutional shares) and 3. 24% (Investor A shares, without sales charge) for the third quarter of 2025. The fund’s outperformance of its benchmark was primarily driven by its long duration (high This article was written by 5. 05K Follower s BlackRock’s purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, we help millions of people build savings that serve them throughout their lives by making investing easier and more affordable. Comments Recommended For You.
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New Jersey Municipal Bond Fund Q3 2025 Commentary
