BlackRock National Municipal Fund Investor A Shares (MDNLX)

10.77
Net Asset Value
+0.09%
1 Day
+4.06%
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 assets in municipal bonds. Although the fund intends to invest at least 65% of 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+1.18% 3 years+7.46%
3 months+3.57% 5 years+6.98%
1 year+0.62% Since inception+5.52%
Data through --

Peer Comparisonvs. Muni national long

 MDNLXCategory
Performance 5-yr return+6.98%+6.33%
Expense ratio0.93%0.97%
Risk 5 year sharpe ratio1.361.15
Net assets$4.4B$1.4B
Average market cap--$288.3M
Average P/E----
Portfolio turnover37%37%

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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$100.00

Holdings

Fixed income93.81%
Cash6.19%
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
-- Utah Cnty Utah Hosp Rev Rev Bds 5%2.17%
-- Bay Area Toll Auth1.69%
-- Indianapolis Ind Loc Pub Impt Bd Bk 5.5%1.38%
-- Clark Cnty Nev Arpt Rev Subordina 5.75%1.34%
-- Tarrant Cnty Tex Cultural Ed F Rev Bd 6%1.33%
-- Long Island Pwr Auth 6%1.31%
-- California Statewide Cmntys De Rev Bd 5%1.20%
-- California St Go Bds 6.5%1.10%
-- Wisconsin St Health & Edl Facs Rev Bd 5%1.08%
-- Los Angeles Calif Dept Wtr & P Rev 5.25%1.00%

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