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Morningstar

BlackRock National Municipal Svc BNMSX

Morningstar Medalist Rating
Medalist Rating as of | See BlackRock Investment Hub
  • NAV / 1-Day Return 9.71  /  0.22 %
  • Total Assets 9.5 Bil
  • Adj. Expense Ratio
    0.700%
  • Expense Ratio 0.710%
  • Distribution Fee Level High
  • Share Class Type No Load
  • Category Muni National Interm
  • Credit Quality / Interest Rate Sensitivity Medium / Moderate
  • Min. Initial Investment 5,000
  • Status Open
  • TTM Yield 3.08%
  • Effective Duration 6.82 years

USD | NAV as of Sep 29, 2023 | 1-Day Return as of Sep 29, 2023, 10:12 PM GMT+0

Morningstar’s Analysis BNMSX

Will BNMSX 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 BNMSX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

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

A bumpy ride in recent years.

Associate Director Elizabeth Foos

Elizabeth Foos

Associate Director

Summary

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.

by Elizabeth Foos
Rated on Published on

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Portfolio Holdings BNMSX

More BNMSX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 608
  • Other Holdings 12
  • % Assets in Top 10 Holdings 3.7
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Cash Offset

5.07
495,282,117
—

BlackRock Liquidity MuniCash Instl

4.91
480,320,600
Cash and Equivalents

LAKE CHARLES LA HBR & TERM DIST REV

1.92
188,003,895
municipal

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV

1.49
145,691,319
municipal

MIAMI-DADE CNTY FLA AVIATION REV

1.19
116,805,945
municipal

UNIVERSITY CALIF REVS

1.09
106,403,626
municipal

SOUTHEAST ENERGY AUTH COMMODITY SUPPLY REV ALA

1.04
101,770,622
municipal

MASSACHUSETTS ST

1.00
98,092,282
municipal

TENNESSEE ENERGY ACQUISITION CORP GAS REV

0.98
96,136,766
municipal

UNIVERSITY CALIF REVS

0.98
95,467,410
municipal