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Morningstar

BlackRock NY Municipal Opps Inv A1 MDNKX

Morningstar Analyst Rating
Quantitative rating as of
  • NAV / 1-Day Return 10.59  /  0.00
  • Total Assets 1.3 Bil
  • Adj. Expense Ratio
    0.660%
  • Expense Ratio 0.660%
  • Distribution Fee Level Above Average
  • Share Class Type No Load
  • Category Muni New York Intermediate
  • Credit Quality / Interest Rate Sensitivity Medium / Limited
  • Min. Initial Investment 1,000
  • Status Closed
  • TTM Yield 2.77%
  • Effective Duration 0.08 years

USD | NAV as of Jan 27, 2023 | 1-Day Return as of Jan 27, 2023, 11:12 PM GMT+00:00

Morningstar’s Analysis MDNKX

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

People Pillar

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

Summary

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BlackRock NY Municipal Opps Inv A1 boasts strong People and Process Pillar ratings, but other weaknesses hold this strategy's Morningstar Quantitative Rating at Neutral. The strategy charges fees in line with its similarly distributed peers, priced within the middle quintile.

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