Frank Fabozzi - Munivest Fund Independent Trustee

MVF Fund  USD 7.26  0.02  0.27%   
Frank Fabozzi is Fund Manager at Munivest Fund
Dr. Frank J. Fabozzi CPA serves as Independent Trustee of BlackRock MuniVest Fund Inc. Dr. Fabozzi has served for over 25 years on the boards of registered investment companies. Dr. Fabozzi holds the designations of Chartered Financial Analyst and Certified Public Accountant. Dr. Fabozzi was inducted into the Fixed Income Analysts Societys Hall of Fame and is the 2007 recipient of the C. Stewart Sheppard Award and the 2015 recipient of the James R. Vertin Award, both given by the CFA Institute. The Boards benefit from Dr. Fabozzis experiences as a professor and author in the field of finance. Dr. Fabozzis experience as a professor at various institutions, including EDHEC Business School, Yale, MIT, and Princeton, as well as Dr. Fabozzis experience as a Professor in the Practice of Finance and Becton Fellow at the Yale University School of Management and as editor of the Journal of Portfolio Management demonstrates his wealth of expertise in the investment management and structured finance areas. Dr. Fabozzi has authored and edited numerous books and research papers on topics in investment management and financial econometrics, and his writings have focused on fixed income securities and portfolio management, many of which are considered standard references in the investment management industry. Dr. Fabozzis longstanding service on the Boards also provides him with a specific understanding of the Funds, their operations and the business and regulatory issues facing the Funds. Moreover, Dr. Fabozzis knowledge of financial and accounting matters qualifies him to serve as a member of each Funds Audit Committee. Dr. Fabozzis independence from the Funds and the Funds investment advisor enhances his service as Chair of the Performance Oversight Committee and as a member of the Governance Committee.
Age 73
Tenure 17 years
Professional MarksCPA
Phone212 810 5300
Webhttps://www.blackrock.com/investing/products/240201/blackrock-munivest-fund-inc-usd-fund
Fabozzi’s longstanding service on the Boards also provides him with a specific understanding of the Funds, their operations and the business and regulatory issues facing the Funds. Moreover, Dr. Fabozzi’s knowledge of financial and accounting matters qualifies him to serve as a member of each Fund’s Audit Committee.

Frank Fabozzi Latest Insider Activity

Tracking and analyzing the buying and selling activities of Frank Fabozzi against Munivest Fund fund is an integral part of due diligence when investing in Munivest Fund. Frank Fabozzi insider activity provides valuable insight into whether Munivest Fund is net buyers or sellers over its current business cycle. Note, Munivest Fund insiders must abide by specific rules, including filing SEC forms every time they buy or sell Munivest Fund'sshares to prevent insider trading or benefiting illegally from material non-public information that their positions give them access to.

Munivest Fund Management Performance (%)

The company has Return on Asset of 1.88 % which means that on every $100 spent on assets, it made $1.88 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.59 %, implying that it generated $0.59 on every 100 dollars invested. Munivest Fund's management efficiency ratios could be used to measure how well Munivest Fund manages its routine affairs as well as how well it operates its assets and liabilities.
Munivest Fund has 351.41 M in debt with debt to equity (D/E) ratio of 0.58, which is OK given its current industry classification. Munivest Fund has a current ratio of 2.78, demonstrating that it is liquid and is capable to disburse its financial commitments when the payables are due. Debt can assist Munivest Fund until it has trouble settling it off, either with new capital or with free cash flow. So, Munivest Fund's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Munivest Fund sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Munivest to invest in growth at high rates of return. When we think about Munivest Fund's use of debt, we should always consider it together with cash and equity.

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BlackRock MuniVest Fund, Inc. is a closed-ended fixed income mutual fund launched by BlackRock, Inc. BlackRock MuniVest Fund, Inc. was formed on September 29, 1988 and is domiciled in the United States. Munivest Fund is traded on New York Stock Exchange in the United States. The fund is not categorized under any group at the present time.

Management Performance

Munivest Fund Leadership Team

Elected by the shareholders, the Munivest Fund's board of directors comprises two types of representatives: Munivest Fund inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Munivest. The board's role is to monitor Munivest Fund's management team and ensure that shareholders' interests are well served. Munivest Fund's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Munivest Fund's outside directors are responsible for providing unbiased perspectives on the board's policies.
Henry Gabbay, Independent Trustee
Robert Hubbard, Independent Trustee
Karen Robards, Independent Vice Chairman of the Board of Trustees
Richard Cavanagh, Independent Co-Chairman of the Board of Trustees
Charles Park, Chief Compliance Officer and Anti-Money Laundering Officer
Frank Fabozzi, Independent Trustee
J Holloman, Independent Trustee
Janey Ahn, Secretary
John Perlowski, President, Chief Executive Officer, Director/Trustee
Michael Castellano, Independent Trustee
Cynthia Egan, Independent Trustee
Jay Fife, Treasurer
Jonathan Diorio, Vice President
Robert Fairbairn, Trustee
Neal Andrews, Chief Financial Officer
Trent Walker, Chief Financial Officer
Catherine Lynch, Independent Trustee
Stayce Harris, Independent Trustee
W Kester, Independent Trustee

Munivest Fund Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right fund is not an easy task. Is Munivest Fund a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Currently Active Assets on Macroaxis

Other Information on Investing in Munivest Fund

Munivest Fund financial ratios help investors to determine whether Munivest Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Munivest with respect to the benefits of owning Munivest Fund security.
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