Morningstar

BlackRock National Municipal Fund K Share BNMLX Fund Analysis

Morningstar Medalist Rating
| Medalist Rating as of | See BlackRock Investment Hub

Morningstar’s Analysis BNMLX

Will BNMLX outperform in the 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 BNMLX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the BNMLX 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 BNMLX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Team turnover puts this strategy to the test.

Associate Director Tom Murphy

Tom Murphy

Associate Director

Summary

BlackRock National Municipal’s team has faced significant changes and departures, including the retirement of the strategy’s longest-tenured portfolio manager. The People rating has been downgraded to Average from Above Average.

by Tom Murphy
Rated on Published on

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