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BlackRock Utilities & Telecom B (MGGUX)

On Feb 9: 10.41 USD  Up 0.11 (1.07%)  
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Profile  As of 31-Jan-10 Get Profile for:
BlackRock Utilities & Telecom B
Blackrock Utilities & Telecomm Fd, Inc. 100 Bellevue Parkway Princeton, NJ 08543-9011
Phone: 800-441-7762
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FUND OVERVIEW
Category: Utilities
Fund Family: BlackRock
Net Assets: 890.00K
Year-to-Date Return: -5.60%
Yield: 1.62%
Morningstar Rating: 2 stars
Fund Inception Date: 02-Oct-06
MORNINGSTAR STYLE BOX
Utilities
[View Category Definition]
View Top Utilities Funds
About the Morningstar Style Box
MANAGEMENT INFORMATION
Kathleen Anderson
Lead Manager since 31-Dec-02
Anderson's service with the firm dates back to 1993, including her years with Merrill Lynch Investment Managers (MLIM), which merged with BlackRock in 2006. At MLIM, she served several roles, including analyst and portfolio manager for the Utility and Telecommunications Fund and associate portfolio manager for the Equity Dividend Fund. Prior to joining MLIM, Ms. Anderson served as a research associate at Chancellor Capital Management (formerly Citigroup Investment Management) from 1983 until 1993.
INVESTMENT INFORMATION
Min Initial Investment: $1,000
Min Initial Investment, IRA: $100
Min Initial Investment, AIP: $50
Min Subsequent Investment: $50
Min Subsequent Investment, IRA: $50
Min Subsequent Investment, AIP: $50
MGGUX can be purchased from 9 brokerages.
FUND SUMMARY
The investment seeks capital appreciation and current income. The fund normally invests at least 80% of assets in equity and debt securities issued by domestic and foreign utilities and telecommunications companies. It may invest in both equity securities and fixed-income securities. The fixed-income securities in which the fund invests generally are limited to those rated investment-grade. The foreign securities in which the fund invests may be issued by companies located in both developed and emerging markets.
FUND OPERATIONS
Last Dividend (10-Dec-09): 0.04
Last Cap Gain (23-Oct-08): 0.45
Annual Holdings Turnover 30.00%
Average for Category: 108.07%
FEES & EXPENSES
Expense MGGUX Category
Avg
Total Expense Ratio: 2.40% 1.40%
Max 12b1 Fee: 1.00% N/A
Max Front End Sales Load: % 5.11%
Max Deferred Sales Load: 4.50% 2.72%
3 Yr Expense Projection*: $1,098 $623
5 Yr Expense Projection*: $1,480 $971
10 Yr Expense Projection*: $2,480 $1,934
* Per $10,000 invested


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