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MDMTX BlackRock Strategic Muni Opps Inv A1

  • Fund
  • MDMTX
  • Price as of: Mar 22, 2019
  • $11.53
  • - $0.00
  • - 0.00%
  • Category
  • National Munis

MDMTX - Profile

Vitals

  • YTD Return 1.6%
  • 3 Yr Annualized Return -0.2%
  • 5 Yr Annualized Return 0.7%
  • Net Assets $9.71 B
  • Holdings in Top 10 6.2%

52 WEEK LOW AND HIGH

$11.53
$11.33
$11.78

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.88%

SALES FEES

  • Front Load 1.00%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 145.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

Closed to new investors as of 2006-10-02

STANDARD (TAXABLE)

$1,000

IRA

$100

Investment Themes

CATEGORY

National Munis
  • Fund Type Open End Mutual Fund
  • Investment Style Muni National Interm

Distributions

  • YTD Total Return 1.6%
  • 3 Yr Annualized Total Return -0.1%
  • 5 Yr Annualized Total Return 0.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.77%
DIVIDENDS
  • Dividend Yield 0.3%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Blackrock Strategic Municipal Opportunities Fund Of Blackrock Municipal Series Trust
  • Fund Family Name BlackRock
  • Inception Date Oct 21, 1994
  • Shares Outstanding N/A
  • Share Class A
  • Currency USD
  • Domiciled Country United States
  • Manager Peter J. Hayes

Fund Description

Under normal circumstances, the fund will invest at least 80% of its assets in municipal bonds. Municipal bonds may be obligations of a variety of issuers including governmental entities or other qualifying issuers, the payments from which, in the opinion of bond counsel to the issuer, are excludable from gross income for Federal income tax purposes. The fund seeks to maintain an average portfolio duration of zero to ten years. It may invest up to 50% of its net assets in non-investment grade bonds.

MDMTX - Performance

Return Ranking - Trailing

Period MDMTX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 1.6% -13.2% 99.4% 35.28% 3
1 Yr -1.3% -5.8% 10.7% 74.59% 5
3 Yr -0.2% * -4.5% 7.0% 33.68% 3
5 Yr 0.7% * -1.7% 5.8% 24.78% 2
10 Yr 1.8% * -0.2% 8.7% 24.51% 2

* Annualized


Return Ranking - Calendar

Period MDMTX Return Category Return Low Category Return High Rank in Category (%) Quintile
2018 -3.3% -5.3% 3.8% 63.18% 5
2017 4.9% -5.6% 7.2% 1.37% 1
2016 -2.9% -8.5% 8.8% 47.35% 4
2015 0.7% -10.9% 8.6% 9.95% 1
2014 6.3% -9.8% 12.0% 17.94% 2

Total Return Ranking - Trailing

Period MDMTX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 1.6% -13.2% 99.4% 34.95% 3
1 Yr -1.3% -8.9% 8.9% 68.40% 5
3 Yr -0.1% * -5.4% 7.0% 28.52% 2
5 Yr 0.9% * -1.5% 5.8% 28.80% 2
10 Yr 2.0% * -0.2% 8.7% 31.80% 2

* Annualized


Total Return Ranking - Calendar

Period MDMTX Return Category Return Low Category Return High Rank in Category (%) Quintile
2018 -3.3% -5.3% 3.8% 63.68% 5
2017 4.9% -5.6% 6.9% 1.20% 1
2016 -2.6% -8.2% 9.3% 45.98% 4
2015 0.7% -10.3% 8.6% 19.90% 2
2014 6.7% -9.8% 17.0% 17.23% 2

NAV & Total Return History

MDMTX - Holdings

Filings data as of: Feb 28, 2019

Concentration Analysis

MDMTX Category Low Category High MDMTX % Rank Quintile
Net Assets 9.71 B 491 K 63.3 B 1.61% 1
Number of Holdings 1264 1 8026 2.74% 1
Net Assets in Top 10 597 M -233 M 1.76 B 1.94% 1
Weighting of Top 10 6.2% 0.0% 100.0% 36.29% 5

Top 10 Holdings

  1. BEXAR CNTY TEX 5% 0.88%
  2. BUCKEYE OHIO TOB SETTLEMENT FING AUTH 5.88% 0.71%
  3. NEW YORK ST DORM AUTH SALES TAX REV ST SUPPORTED DEBT 5% 0.60%
  4. CENTRAL PUGET SOUND WASH REGL TRAN AUTH SALES & USE TAX REV 5% 0.59%
  5. SALT RIV PROJ AGRIC IMPT & PWR DIST ARIZ ELEC SYS REV 5% 0.58%
  6. WASHINGTON ST CONVENTION CTR PUB FACS DIST 5% 0.57%
  7. ILLINOIS ST 5% 0.57%
  8. MARYLAND ST 5% 0.56%
  9. NEW YORK TRANSN DEV CORP SPL FAC REV 5.25% 0.56%
  10. NEW YORK TRANSN DEV CORP SPL FAC REV 5% 0.55%

Asset Allocation

Weighting Category Low Category High MDMTX % Rank Quintile
Bonds
98.30% 0.00% 202.21% 11.76% 3
Cash
1.69% -110.85% 100.00% 20.65% 3
Stocks
0.00% 0.00% 0.32% 0.81% 3
Preferred Stocks
0.00% 0.00% 9.45% 0.81% 3
Other
0.00% -2.77% 28.55% 5.48% 3
Convertible Bonds
0.00% 0.00% 2.37% 0.81% 3

Bond Sector Breakdown

Weighting Category Low Category High MDMTX % Rank Quintile
Municipal
96.50% 0.00% 116.34% 19.68% 4
Corporate
1.74% 0.00% 41.10% 2.42% 1
Cash & Equivalents
1.69% -110.85% 100.00% 20.16% 3
Government
0.07% -18.10% 117.34% 4.19% 1
Derivative
0.00% -5.91% 0.91% 0.65% 3
Securitized
0.00% 0.00% 45.91% 2.42% 3

Bond Geographic Breakdown

Weighting Category Low Category High MDMTX % Rank Quintile
US
95.71% 0.00% 202.21% 21.61% 4
Non US
2.59% 0.00% 28.67% 2.42% 1

MDMTX - Expenses

Operational Fees

MDMTX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.88% 0.08% 4.80% 16.10% 3
Management Fee 0.51% 0.00% 0.65% 1.29% 5
12b-1 Fee 0.10% 0.00% 1.00% 6.10% 1
Administrative Fee N/A 0.00% 0.35% N/A N/A

Sales Fees

MDMTX Fees (% of AUM) Category Low Category High MDMTX Rank Quintile
Front Load 1.00% 0.50% 5.75% 10.39% 1
Deferred Load N/A 0.50% 5.50% N/A N/A

Trading Fees

MDMTX Fees (% of AUM) Category Low Category High MDMTX Rank Quintile
Max Redemption Fee N/A 0.25% 2.00% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

MDMTX Fees (% of AUM) Category Low Category High MDMTX Rank Quintile
Turnover 145.00% 0.00% 504.54% 1.45% 5

MDMTX - Distributions

Dividend Yield Analysis

MDMTX Category Low Category High MDMTX % Rank Quintile
Dividend Yield 0.3% 0.00% 1.01% 14.96% 2

Dividend Distribution Analysis

MDMTX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Quarterly Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

MDMTX Category Low Category High MDMTX % Rank Quintile
Net Income Ratio 2.77% 0.01% 5.26% 16.91% 2

Capital Gain Distribution Analysis

MDMTX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Daily Annually

MDMTX - Managers

Peter J. Hayes

Manager

Start Date

Jan 27, 2014

Tenure

5.09

Tenure Rank

14.5%

Hayes is a managing director of BlackRock, Inc. Prior to joining BlackRock in 2006, he was a managing director of MLIM from 2000 to 2006 and was a first vice president of MLIM from 1997 to 2000. He has been a portfolio manager with BlackRock or MLIM since 1987.


James Pruskowski

Manager

Start Date

Jan 27, 2014

Tenure

5.09

Tenure Rank

14.5%

Pruskowski is a portfolio manager and Managing Director of BlackRock, Inc. since 2006. , his employer since 2000.


Michael Kalinoski

Manager

Start Date

Jan 27, 2014

Tenure

5.09

Tenure Rank

14.5%

Kalinoski, director at BlackRock, joined BlackRock following the merger with Merrill Lynch Investment Managers(MLIM) in 2006. Prior to joining MLIM in 1999, he was with Strong Capital Management. Kalinoski holds the Chartered Financial Analyst designation.


Theodore R. Jaeckel

Manager

Start Date

Dec 31, 2006

Tenure

12.17

Tenure Rank

7.0%

Jaeckel Jr. is managing director at BlackRock. He joined BlackRock following the merger with Merrill Lynch Investment Managers (MLIM) in 2006. He is a member of BlackRock's Fixed Income Portfolio Management Group. Prior to joining MLIM in 1990, he was a municipal bond trader with Chemical Bank. Jaeckel holds the Chartered Financial Analyst designation.


Tenure Analysis

Category Low

0.0

Category High

39.4

Category Average

7.91

Category Mode

4.2