Skip to Content
Morningstar

BlackRock Short-Term Municipal Inv A MELMX

Morningstar Medalist Rating
Medalist Rating as of | See BlackRock Investment Hub
  • NAV / 1-Day Return 9.66  /  0.02 %
  • Total Assets 557.1 Mil
  • Adj. Expense Ratio
    0.610%
  • Expense Ratio 0.610%
  • Distribution Fee Level Below Average
  • Share Class Type Front Load
  • Category Muni National Short
  • Credit Quality / Interest Rate Sensitivity Medium / Limited
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 2.30%
  • Effective Duration 1.58 years

USD | NAV as of Sep 29, 2023 | 1-Day Return as of Sep 29, 2023, 10:17 PM GMT+0

Morningstar’s Analysis MELMX

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

People Pillar

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

BlackRock Short-Term Municipal Inv A boasts strong People and Process Pillar ratings, but other weaknesses hold this strategy's Morningstar Medalist Rating at Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-highest quintile among peers.

by Morningstar Manager Research
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings MELMX

More MELMX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 197
  • Other Holdings 18
  • % Assets in Top 10 Holdings 22.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

ST JAMES PARISH LA REV

4.32
24,783,168
municipal

BURLINGTON KANS ENVIRONMENTAL IMPT REV

3.15
18,056,140
municipal

LAKE CHARLES LA HBR & TERM DIST REV

2.26
12,966,282
municipal

NEW YORK N Y CITY MUN WTR FIN AUTH WTR & SWR SYS REV

2.25
12,924,365
municipal

WISCONSIN ST

2.01
11,510,604
municipal

SOUTHEAST ENERGY AUTH COMMODITY SUPPLY REV ALA

1.82
10,445,177
municipal

TENNERGY CORP TENN GAS REV

1.79
10,291,112
municipal

BLACK BELT ENERGY GAS DIST ALA GAS PREPAY REV

1.75
10,054,280
municipal

KENTUCKY INC KY PUB ENERGY AUTH GAS SUPLLY REV

1.75
10,028,009
municipal

KING CNTY WASH SWR REV

1.68
9,655,989
municipal