Investment Test Drive

MCNJX BlackRock NJ Municipal Bond Inv C1

1 lower fee alternative found

FeeX scanned the market for similar funds with lower fees and better past returns
Show results with
Investing
$
  YOU ASKED ABOUT FEATURED ALTERNATIVE ?
Fund MCNJX BlackRock NJ Municipal Bond Inv C1 NJTFX T. Rowe Price NJ Tax-Free Bond  
Similarity
?
100% 95%
Annual Fees
?
$117.39
(1.15% Exp. Ratio)
$53.08
(0.52% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 2.08% annual return
$13,110.20 $15,862.90
Est. savings over 30 yrs +$2,752.69
Return
As of 11/30/16
1 YR RETURN -0.09%
3 YR 4.12%
5 YR 3.83%
10 YR 3.54%
1 YR RETURN 0.73%
3 YR 4.22%
5 YR 3.88%
10 YR 3.88%
Description
The investment seeks to provide shareholders with income exempt from Federal income tax and New Jersey personal income taxes. The fund invests primarily in a portfolio of long-term investment grade New Jersey municipal bonds. Under normal circumstances, it will invest at least 80% of its assets in New Jersey municipal bonds. At least 80% of the fund's assets will be invested in investment grade securities. The fund's weighted average maturity will be more than ten years. It is non-diversified.
The investment seeks to provide, consistent with prudent portfolio management, the highest level of income exempt from federal and New Jersey state income taxes. The fund will invest at least 80% of its net assets (including any borrowings for investment purposes) in bonds that pay interest exempt from federal and New Jersey state income taxes, and at least 80% of the fund's income is expected to be exempt from federal and New Jersey state income taxes. It is non-diversified.

Join FeeX to view all alternatives, get more data and filtering options, and be able to automatically scan all your investments for lower fee replacements.

It's free!

The fees, balance and savings information above are estimated numbers, based on the data FeeX had at the day of publication, but may not be accurate due to incomplete or erroneous data.

The best choice is based on a combined analysis of lowest fees and highest similarity to the original fund.

Similarity

FeeX's similarity algorithm analyzes over 15 investment characteristics like investment category, asset allocation, strategy, geographical allocation and more. FeeX gives each its own weight and calculates the similarity of any two investments based on a scale of 0 to 100%. Funds with a similarity ranking of 85% and higher are considered "similar".

Yes, funds and ETFs charge fees

Deep within every fund you own lies a hidden fee called expense ratio. It takes away a set % of your savings each and every year. It can often be easily reduced by switching to similar investments with lower expense ratios.

+

Your Feedback has been sent successfully!