BlackRock MuniHoldings New Jersey Quality Fund (MUJ)

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BlackRock MuniHoldings New Jersey Quality Fund (MUJ) is up 5.5% since the beginning of the year. MUJ is currently trading at $12 per share. Investors who bought $1,000 worth of MUJ shares 5 years ago would now be looking at an investment worth $999.

BlackRock MuniHoldings New Jersey Quality Fund (MUJ) has returned 5.53% so far this year and 19.72% over the past 12 months. Over the last ten years, MUJ has returned 2.43% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since Mar 12, 1998, MUJ's average daily return is +0.02%, while the average monthly return is +0.43%. At this rate, an investment would double in approximately 13.5 years.

Historically, 61% of months were positive and 39% were negative. The best month was Jan 2009 with a return of +16.2%, while the worst month was Sep 2008 at -14.2%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 5 months.

On a daily basis, MUJ closed higher 50% of trading days. The best single day was Oct 14, 2008 with a return of +10.4%, while the worst single day was Mar 18, 2020 at -14.6%.

BlackRock MuniHoldings New Jersey Quality Fund has an annualized alpha of 4.27%, beta of 0.12, and R2 of 0.03 versus S&P 500 Index. Calculated based on daily prices since March 12, 1998.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (22.78%) than losses (14.33%) - typical of diversified or defensive assets.
• Beta of 0.12 may look defensive, but with R2 of 0.03 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.03 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

MUJ has a high expense ratio of 2.26%, indicating above-average management fees.

MUJ ranks 57 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.

BlackRock MuniHoldings New Jersey Quality Fund provided a 5.30% dividend yield over the last twelve months, with an annual payout of $0.65 per share. The fund has been increasing its distributions for 2 consecutive years.

The table displays the monthly dividend distributions for BlackRock MuniHoldings New Jersey Quality Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the BlackRock MuniHoldings New Jersey Quality Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the BlackRock MuniHoldings New Jersey Quality Fund was 41.72%, occurring on Oct 10, 2008. Recovery took 219 trading sessions.

The current BlackRock MuniHoldings New Jersey Quality Fund drawdown is 2.64%.

The chart below shows the rolling one-month volatility.