BlackRock National Municipal Fund Investor A Shares (MDNLX)

11.04
Net Asset Value
-0.27%
1 Day
+6.67%
Year-to-Date
Overall Morningstar Rating
Muni national long
Style or Category
4.25
Sales Expenses
0.93%
Expense Ratio
Average
Morningstar Risk Rating™
Investment Objective The investment seeks to provide shareholders with as high a level of income exempt from Federal income taxes as is consistent with the investment policies of the fund. The fund typically invests at least 80% of its assets in municipal bonds. Although the fund intends to invest at least 65% of the fund's net assets in municipal bonds rated investment grade or in unrated municipal bonds that fund management believes are of comparable quality, it is possible that in the future the fund could invest up to 100% of its assets in "junk bonds." It usually invests in municipal bonds that have a maturity of five years or longer.

Performance

1 month+1.09% 3 years+6.02%
3 months+2.40% 5 years+6.03%
1 year+10.39% Since inception+5.61%
Data through --

Peer Comparisonvs. Muni national long

 MDNLXCategory
Performance 5-yr return+6.03%+4.64%
Expense ratio0.93%0.97%
Risk 5 year sharpe ratio1.190.97
Net assets$4.8B$1.5B
Average market cap--$25.6B
Average P/E----
Portfolio turnover35%35%

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Fund Management and Purchase Info

Fund familyBlackRock
Fund manager & tenureWalter O'Connor / 17 Years
Minimal initial investment$1,000.00
Minimum IRA investment$1,000.00

Holdings

Fixed income92.16%
Cash7.84%
U.S. stock0.00%
International stock0.00%
Other0.00%
Top 5 Sectors
Portfolio weighting
Business service --
Consumer goods --
Consumer service --
Energy --
Financial service --
Top 10 Holdings
Portfolio weighting
-- Salt River Proj Ariz Agric Imp Rev Bd 5%2.19%
-- Utah Cnty Utah Hosp Rev Rev Bds 5%1.66%
-- Lamar Tex Cons Indpt Sch Dist 2%1.52%
-- Indianapolis Ind Loc Pub Impt Bd Bk 5.5%1.33%
-- California Statewide Cmntys De Rev Bd 5%1.29%
-- Clark Cnty Nev Arpt Rev Subordina 5.75%1.29%
-- Tarrant Cnty Tex Cultural Ed F Rev Bd 6%1.27%
-- Long Island Pwr Auth 6%1.24%
-- North East Indpt Sch Dist 2%1.11%
-- Connecticut St Health & Edl Fa Rev Bds1.05%

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