Managed by a well-resourced team that follows a comprehensive, research-based approach, BlackRock National Municipal successfully harnesses the firm's resources to build this portfolio. The strategy earns a Morningstar Analyst Rating of Silver for its cheapest share classes, while its more expensive shares are rated Neutral.
- NAV / 1-Day Return 10.09 / 0.01 %
- Total Assets 9.8 Bil
-
Adj. Expense Ratio
0.390%
- Expense Ratio 0.410%
- Distribution Fee Level Low
- Share Class Type Institutional
- Category Muni National Interm
- Credit Quality / Interest Rate Sensitivity —
- Min. Initial Investment 5,000,000
- Status Open
- TTM Yield 3.06%
- Effective Duration 9.46 years
Morningstar’s Analysis BNMLX
Will BNMLX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
Process Pillar
People Pillar
Parent Pillar
A bumpy ride in recent years.
Summary
|- Current Portfolio Date Feb 28, 2023
- Equity Holdings 0
- Bond Holdings 597
- Other Holdings 10
- % Assets in Top 10 Holdings −2.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector
Cash Offset
11.69
1,138,363,547
—
BlackRock Liquidity MuniCash Instl
4.59
447,398,011
Cash and Equivalents
LAKE CHARLES LA HBR & TERM DIST REV
1.88
183,400,747
municipal
CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV
1.64
159,215,450
municipal
MIAMI-DADE CNTY FLA AVIATION REV
1.21
117,503,337
municipal
UNIVERSITY CALIF REVS
1.10
106,922,454
municipal
SOUTHEAST ENERGY AUTH COMMODITY SUPPLY REV ALA
1.05
102,693,251
municipal
MASSACHUSETTS ST
1.04
101,390,178
municipal
TENNESSEE ENERGY ACQUISITION CORP GAS REV
0.98
95,453,123
municipal
SAN FRANCISCO CALIF CITY & CNTY PUB UTILS COMMN WASTEWATER REV
0.98
94,963,791
municipal