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Morningstar

BlackRock NY Municipal Opps Inv C MFNKX

Morningstar Medalist Rating
Medalist Rating as of | See BlackRock Investment Hub
  • NAV / 1-Day Return 10.51  /  +0.01 %
  • Total Assets 1.2 Bil
  • Adj. Expense Ratio
    1.510%
  • Expense Ratio 1.720%
  • Distribution Fee Level Average
  • Share Class Type Level Load
  • Category Muni New York Long
  • Credit Quality / Interest Rate Sensitivity Medium/Extensive
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 2.17%
  • Effective Duration 7.67 years

USD | NAV as of Apr 18, 2024 | 1-Day Return as of Apr 18, 2024, 10:16 PM GMT+0

Morningstar’s Analysis MFNKX

Will MFNKX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable MFNKX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the MFNKX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of MFNKX’s parent organization’s priorities and whether they’re in line with investors’ interests.

BlackRock NY Municipal Opps Inv C boasts strong People and Process Pillar ratings, but other weaknesses hold this strategy's Morningstar Medalist Rating at Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the highest quintile among peers.

by Morningstar Manager Research
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Portfolio Holdings MFNKX

More MFNKX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 12.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

BlackRock Liquidity MuniCash Instl

5.07 61.8 Mil
Cash and Equivalents

NEW YORK TRANSN DEV CORP SPL FAC REV

2.01 24.5 Mil
municipal

United States Treasury Bills

1.64 20.0 Mil
Government

LIBERTY N Y DEV CORP REV

1.43 17.4 Mil
municipal

NEW YORK N Y CITY TRANSITIONAL FIN AUTH REV

1.33 16.2 Mil
municipal

UTILITY DEBT SECURITIZATION AUTH N Y

1.29 15.8 Mil
municipal

NEW YORK N Y CITY MUN WTR FIN AUTH WTR & SWR SYS REV

1.23 15.0 Mil
municipal

NEW YORK ST PWR AUTH GREEN TRANSMISSION PROJ REV

1.21 14.7 Mil
municipal

TRIBOROUGH BRDG & TUNL AUTH N Y PAYROLL MOBILITY TAX

1.15 14.1 Mil
municipal

NEW YORK N Y CITY MUN WTR FIN AUTH WTR & SWR SYS REV

1.13 13.8 Mil
municipal