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.
BlackRock Short-Term Municipal Inv A MELMX
- NAV / 1-Day Return 9.88 / +0.01 %
- Total Assets 513.4 Mil
-
Adj. Expense Ratio
- 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.
People Pillar
Parent Pillar
- 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 |