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Morningstar

BlackRock National Municipal Inv A MDNLX

Morningstar Medalist Rating
Medalist Rating as of | See BlackRock Investment Hub
  • NAV / 1-Day Return 10.05  /  0.02 %
  • Total Assets 9.8 Bil
  • Adj. Expense Ratio
    0.690%
  • Expense Ratio 0.710%
  • Distribution Fee Level Below Average
  • Share Class Type Front Load
  • Category Muni National Interm
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 2.93%
  • Effective Duration 8.30 years

USD | NAV as of Jun 09, 2023 | 1-Day Return as of Jun 09, 2023, 10:14 PM GMT+0

Morningstar’s Analysis MDNLX

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

People Pillar

The People Pillar is our evaluation of the MDNLX 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 MDNLX’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 MDNLX

More MDNLX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 567
  • Other Holdings 9
  • % Assets in Top 10 Holdings 9.7
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

BlackRock Liquidity MuniCash Instl

7.70
755,358,107
Cash and Equivalents

Cash Offset

2.70
264,894,062
—

LAKE CHARLES LA HBR & TERM DIST REV

1.89
185,626,830
municipal

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV

1.54
150,983,074
municipal

MIAMI-DADE CNTY FLA AVIATION REV

1.18
116,092,611
municipal

UNIVERSITY CALIF REVS

1.11
108,778,949
municipal

SOUTHEAST ENERGY AUTH COMMODITY SUPPLY REV ALA

1.05
102,632,386
municipal

MASSACHUSETTS ST

1.03
101,111,059
municipal

UNIVERSITY CALIF REVS

1.00
97,655,426
municipal

TENNESSEE ENERGY ACQUISITION CORP GAS REV

0.99
97,322,670
municipal