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BlackRock Short-Term Municipal Inv A MELMX

Medalist Rating as of | See BlackRock Investment Hub
  • NAV / 1-Day Return 9.88  /  +0.01 %
  • Total Assets 513.4 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 2.74%
  • Effective Duration 1.90 years

USD | NAV as of Mar 18, 2024 | 1-Day Return as of Mar 18, 2024, 10:18 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.

BlackRock Short-Term Municipal Inv A boasts strong Process and People 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-costliest quintile among peers.

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Portfolio Holdings MELMX

  • Current Portfolio Date
  • Equity Holdings
  • Bond Holdings
  • Other Holdings
  • % Assets in Top 10 Holdings 26.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

ST JAMES PARISH LA REV

4.75 24.8 Mil
municipal

BURLINGTON KANS ENVIRONMENTAL IMPT REV

3.46 18.0 Mil
municipal

MAIN STR NAT GAS INC GA GAS SUPPLY REV

3.19 16.7 Mil
municipal

SOUTHEAST ENERGY AUTH COMMODITY SUPPLY REV ALA

3.07 16.0 Mil
municipal

LAKE CHARLES LA HBR & TERM DIST REV

2.54 13.2 Mil
municipal

WISCONSIN ST

2.20 11.5 Mil
municipal

NEW JERSEY ECONOMIC DEV AUTH REV

2.17 11.3 Mil
municipal

SOUTHEAST ENERGY AUTH COOP DIST ALA COMMODITY SUPPLY REV

2.05 10.7 Mil
municipal

LOUISIANA PUB FACS AUTH SOLID WASTE DISP FAC REV

1.96 10.2 Mil
municipal

KING CNTY WASH SWR REV

1.82 9.5 Mil
municipal