BlackRock MuniAssets Fund (NYSE: MUA) is a closed-end investment company that seeks to provide shareholders with a high level of current income exempt from federal income tax. Established in December 1987, the fund primarily invests in long-term investment-grade municipal securities issued by U.S. state and local governments. By focusing on municipal bonds, MUA aims to deliver tax-advantaged income while preserving capital for income-oriented investors.
The fund’s portfolio managers employ a research-driven approach to selecting municipal bonds, evaluating credit quality, issuer fundamentals and yield relative to interest rate risk. MUA may invest across a range of sectors—including general obligation, revenue and essential service bonds—to build a diversified portfolio. The fund also has the flexibility to use leverage through borrowings and preferred shares to enhance income potential, subject to the fund’s risk management guidelines.
Shares of BlackRock MuniAssets Fund trade on the New York Stock Exchange, providing investors with a convenient way to access a broadly diversified municipal bond portfolio within a single security. Income distributions are typically paid monthly and may be used for retirement income, college savings or other regular expense needs. Although the fund primarily focuses on U.S. municipal markets, its diversified holdings span multiple states and issuers, offering investors exposure to varying geographic and sectoral credit profiles.
BlackRock MuniAssets Fund is managed by BlackRock Advisors, LLC, drawing on the firm’s global fixed-income research and municipal bond expertise. BlackRock’s dedicated team of portfolio managers and analysts oversees credit research, portfolio construction and risk management for the fund. BlackRock, founded in 1988 and headquartered in New York City, is one of the world’s largest asset managers, serving institutions, financial professionals and individual investors worldwide.
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