Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-costliest quintile among peers.
BlackRock Strategic Muni Opps Inv A MEMTX
- NAV / 1-Day Return 10.43 / +0.03 %
- Total Assets 4.0 Bil
-
Adj. Expense Ratio
- Expense Ratio 1.000%
- Distribution Fee Level Above Average
- Share Class Type Front Load
- Category Muni National Long
- Credit Quality / Interest Rate Sensitivity —
- Min. Initial Investment 1,000
- Status Open
- TTM Yield 2.87%
- Effective Duration 7.63 years
USD | NAV as of Apr 19, 2024 | 1-Day Return as of Apr 19, 2024, 10:18 PM GMT+0
Morningstar’s Analysis MEMTX
Will MEMTX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 8.5
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
BlackRock Liquidity MuniCash Instl | 3.23 | 131.8 Mil | Cash and Equivalents |
ENERGY SOUTHEAST ALA COOP DIST ENERGY SUPPLY REV | 1.49 | 60.9 Mil | municipal |
OHIO ST WTR DEV AUTH WTR POLLUTN CTL REV | 1.48 | 60.3 Mil | municipal |
Prepa Fwd 7.125Pc 2059 07/01/2059 Synfwd | 1.24 | 50.6 Mil | Government |
United States Treasury Bills | 1.22 | 49.7 Mil | Government |
PUERTO RICO COMWLTH | 1.04 | 42.5 Mil | municipal |
PUERTO RICO COMWLTH AQUEDUCT & SWR AUTH REV | 1.00 | 40.7 Mil | municipal |
SOUTHEAST ENERGY AUTH COOP DIST ALA COMMODITY SUPPLY REV | 0.96 | 39.3 Mil | municipal |
ENERGY SOUTHEAST ALA COOP DIST ENERGY SUPPLY REV | 0.84 | 34.2 Mil | municipal |
BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV | 0.83 | 33.8 Mil | municipal |