MDLMX: BlackRock Short-Term Municipal Inv A1

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MDLMX BlackRock Short-Term Municipal Inv A1

  • Fund
  • MDLMX
  • Price as of: Dec 12, 2019
  • $10.17
    - $0.00 - 0.00%

Profile

MDLMX - Profile

Vitals

  • YTD Return 0.8%
  • 3 Yr Annualized Return 0.3%
  • 5 Yr Annualized Return 0.0%
  • Net Assets $510 M
  • Holdings in Top 10 24.5%

52 WEEK LOW AND HIGH

$10.17
$10.08
$10.19

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.53%

SALES FEES

  • Front Load 1.00%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 129.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $0
  • IRA $100

Fund Classification


Distributions

  • YTD Total Return 0.8%
  • 3 Yr Annualized Total Return 0.3%
  • 5 Yr Annualized Total Return 0.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.47%
DIVIDENDS
  • Dividend Yield 0.5%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    BlackRock Short-Term Municipal Fund
  • Fund Family Name
    BlackRock
  • Inception Date
    Oct 21, 1994
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Kevin A. Schiatta

Fund Description

The fund normally invests 80% of its assets in municipal bonds. It invests primarily in investment grade municipal bonds or municipal notes, including variable rate demand obligations. The fund maintains a dollar weighted maturity of no more than two years.


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Categories

Fund Company Quick Screens

MDLMX - Fund Company Quick Screens


Performance

MDLMX - Performance

Return Ranking - Trailing

Period MDLMX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.8% -0.2% 83.9% 96.86%
1 Yr 0.9% -0.2% 26.6% 97.77%
3 Yr 0.3%* -2.1% 9.4% 84.90%
5 Yr 0.0%* -14.7% 6.6% 60.70%
10 Yr 0.0%* -8.6% 8.5% 87.72%

* Annualized

Return Ranking - Calendar

Period MDLMX Return Category Return Low Category Return High Rank in Category (%)
2018 0.1% -12.4% 0.8% 1.07%
2017 0.1% -2.8% 17.1% 78.90%
2016 -0.6% -58.1% 8.6% 49.95%
2015 -0.1% -18.3% 3.0% 17.60%
2014 -0.2% -60.4% 26.9% 84.70%

Total Return Ranking - Trailing

Period MDLMX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.8% -0.2% 83.9% 96.94%
1 Yr 0.9% -5.2% 26.6% 97.19%
3 Yr 0.3%* -2.1% 9.4% 88.03%
5 Yr 0.0%* -14.7% 6.6% 68.97%
10 Yr 0.0%* -8.6% 8.5% 92.35%

* Annualized

Total Return Ranking - Calendar

Period MDLMX Return Category Return Low Category Return High Rank in Category (%)
2018 0.1% -11.7% 6.5% 6.12%
2017 0.1% -2.7% 27.0% 82.06%
2016 -0.6% -58.1% 10.7% 53.92%
2015 -0.1% -14.6% 4.2% 26.19%
2014 -0.2% -60.4% 26.9% 88.26%

NAV & Total Return History


Holdings

MDLMX - Holdings

Concentration Analysis

MDLMX Category Low Category High MDLMX % Rank
Net Assets 510 M 691 K 247 B 53.96%
Number of Holdings 233 2 17572 57.09%
Net Assets in Top 10 123 M -203 M 25.7 B 48.25%
Weighting of Top 10 24.49% 2.5% 138.1% 41.27%

Top 10 Holdings

  1. IOWA FIN AUTH MIDWESTERN DISASTER AREA ECONOMIC DEV REV 1.41% 4.49%
  2. MAIN STR NAT GAS INC GA GAS SUPPLY REV 4% 3.37%
  3. BURLINGTON KANS ENVIRONMENTAL IMPT REV 1.41% 3.20%
  4. NEW JERSEY ST TRANSN TR FD AUTH 5% 2.39%
  5. CONNECTICUT ST 5% 2.32%
  6. ST JOHN BAPTIST PARISH LA REV 2% 2.07%
  7. CENTRAL PLAINS ENERGY PROJ NEB GAS SUPPLY REV 5% 1.84%
  8. GRANT CNTY WASH PUB UTIL DIST NO 002 ELEC REV 2% 1.82%
  9. ST JAMES PARISH LA REV 1.26% 1.59%
  10. WINDSOR N Y CENT SCH DIST 2.25% 1.41%

Asset Allocation

Weighting Return Low Return High MDLMX % Rank
Bonds
94.67% 80.25% 160.29% 72.99%
Cash
5.33% -60.29% 28.73% 19.39%
Stocks
0.00% -17.64% 26.52% 16.39%
Preferred Stocks
0.00% 0.00% 8.19% 23.91%
Other
0.00% -36.80% 29.62% 18.00%
Convertible Bonds
0.00% 0.00% 6.26% 48.57%

Bond Sector Breakdown

Weighting Return Low Return High MDLMX % Rank
Municipal
94.67% 0.00% 149.42% 39.42%
Cash & Equivalents
5.33% -60.29% 28.73% 19.64%
Derivative
0.00% -25.78% 41.91% 17.25%
Securitized
0.00% 0.00% 136.75% 59.16%
Corporate
0.00% 0.00% 98.80% 65.89%
Government
0.00% -86.06% 125.74% 60.09%

Bond Geographic Breakdown

Weighting Return Low Return High MDLMX % Rank
US
94.67% 60.74% 157.48% 44.69%
Non US
0.00% -27.08% 24.33% 83.21%

Expenses

MDLMX - Expenses

Operational Fees

MDLMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.53% 0.00% 209.96% 77.41%
Management Fee 0.29% 0.00% 1.25% 19.78%
12b-1 Fee 0.10% 0.00% 1.00% 21.73%
Administrative Fee N/A 0.00% 0.63% N/A

Sales Fees

MDLMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 1.00% 0.00% 5.75% 96.75%
Deferred Load N/A 0.00% 5.50% N/A

Trading Fees

MDLMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.25% 2.00% N/A

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.

MDLMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 129.00% 0.00% 2053.00% 80.27%

Distributions

MDLMX - Distributions

Dividend Yield Analysis

MDLMX Category Low Category High MDLMX % Rank
Dividend Yield 0.53% 0.00% 96.19% 85.39%

Dividend Distribution Analysis

MDLMX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

MDLMX Category Low Category High MDLMX % Rank
Net Income Ratio 1.47% 0.00% 6.30% 92.56%

Capital Gain Distribution Analysis

MDLMX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

MDLMX - Fund Manager Analysis

Managers

Kevin A. Schiatta


Start Date

Tenure

Tenure Rank

Oct 28, 2016

3.09

3.1%

Kevin A. Schiatta, CFA .Director of BlackRock, Inc. since 2006. Responsible for the day-to-day management of the Fund’s portfolio including setting the Fund’s overall investment strategy and overseeing the management of the Fund. Schiatta has been a director of MLIM since 2000 and was a vice president thereof from 1994 to 2000.

Kristi Manidis


Start Date

Tenure

Tenure Rank

Sep 03, 2019

0.24

0.2%

Tenure Analysis

Category Low Category High Category Average Category Mode
0.0 33.02 7.69 7.54