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Morningstar

BlackRock NY Municipal Opps Inv C MFNKX

Morningstar Medalist Rating
Medalist Rating as of | See BlackRock Investment Hub
  • NAV / 1-Day Return 10.50  /  −0.09 %
  • Total Assets 1.2 Bil
  • Adj. Expense Ratio
    1.510%
  • Expense Ratio 1.720%
  • Distribution Fee Level Average
  • Share Class Type Level Load
  • Category Muni New York Long
  • Credit Quality / Interest Rate Sensitivity Medium/Extensive
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 2.17%
  • Effective Duration 7.74 years

USD | NAV as of Apr 24, 2024 | 1-Day Return as of Apr 24, 2024, 10:18 PM GMT+0

Morningstar’s Analysis MFNKX

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

  • People Pillar

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

BlackRock NY Municipal Opps Inv C 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 highest quintile among peers.

by Morningstar Manager Research
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Portfolio Holdings MFNKX

More MFNKX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 12.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

BlackRock Liquidity MuniCash Instl

5.64 68.6 Mil
Cash and Equivalents

NEW YORK TRANSN DEV CORP SPL FAC REV

2.03 24.7 Mil
municipal

LIBERTY N Y DEV CORP REV

1.42 17.3 Mil
municipal

NEW YORK N Y CITY TRANSITIONAL FIN AUTH REV

1.33 16.2 Mil
municipal

UTILITY DEBT SECURITIZATION AUTH N Y

1.31 15.9 Mil
municipal

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

1.23 15.0 Mil
municipal

NEW YORK ST PWR AUTH GREEN TRANSMISSION PROJ REV

1.20 14.6 Mil
municipal

TRIBOROUGH BRDG & TUNL AUTH N Y PAYROLL MOBILITY TAX

1.15 14.0 Mil
municipal

NEW YORK LIBERTY DEV CORP LIBERTY REV

1.14 13.9 Mil
municipal

NEW YORK ST PWR AUTH REV

1.03 12.6 Mil
municipal