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Name

As of 11/22/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

BlackRock New York Municipal Opportunities Fund

MDNKX | Fund

$10.66

$1.2 B

3.32%

$0.35

0.88%

Vitals

YTD Return

2.9%

1 yr return

6.8%

3 Yr Avg Return

0.3%

5 Yr Avg Return

1.3%

Net Assets

$1.2 B

Holdings in Top 10

13.5%

52 WEEK LOW AND HIGH

$10.7
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.88%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 15.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$1,000

IRA

$100

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 11/22/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

BlackRock New York Municipal Opportunities Fund

MDNKX | Fund

$10.66

$1.2 B

3.32%

$0.35

0.88%

MDNKX - Profile

Distributions

  • YTD Total Return 2.9%
  • 3 Yr Annualized Total Return 0.3%
  • 5 Yr Annualized Total Return 1.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.39%
DIVIDENDS
  • Dividend Yield 3.3%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    BlackRock New York Municipal Opportunities Fund
  • Fund Family Name
    BlackRock-advised Funds
  • Inception Date
    Nov 21, 1995
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Theodore Jaeckel

Fund Description

Under normal circumstances, the Fund will invest at least 80% of its assets in investment grade New York municipal bonds. For the purposes of the foregoing 80% policy, “assets” are the Fund’s net assets, plus the amount of any borrowings for investment purposes. The Fund’s investments in derivatives will be counted toward the foregoing 80% policy to the extent that they provide investment exposure to the securities included within that policy or to one or more market risk factors associated with such securities. New York municipal bonds may be obligations of a variety of issuers including governmental entities in New York and issuers located in Puerto Rico, the U.S. Virgin Islands and Guam. The interest on these obligations may not be exempt from the Federal Alternative Minimum Tax.
Municipal bonds also include short-term tax-exempt obligations, like municipal notes, variable rate demand obligations, private activity bonds and insured municipal bonds. The Fund may invest in both fixed rate and variable rate obligations.
The Fund may invest in bonds of any maturity. Under normal circumstances, the Fund seeks to maintain an average portfolio duration of zero to ten years. Duration is a mathematical calculation of the average life of a bond (or bonds in a bond fund) that serves as a useful measure of its price risk. Each year of duration represents an expected 1% change in the net asset value of a bond fund for every 1% immediate change in interest rates. For example, if a bond fund has an average duration of ten years, its net asset value would be expected to fall about 10% when interest rates rise by one percentage point, assuming all other factors remain equal. Conversely, the bond fund’s net asset value would be expected to rise about 10% when interest rates fall by one percentage point, assuming all other factors remain equal. Duration, which measures price sensitivity to interest rate changes, is not necessarily equal to average maturity. The Fund’s average weighted duration may vary significantly from time to time depending on the views of Fund management.
The Fund’s investment process begins with bottom-up, fundamental analysis focused on sector and security selection, and then incorporates a macroeconomic framework for evaluating and managing risk, including geographic, technical and economic risk. The Fund’s investment process is generally expected to place greater emphasis on duration management and capital structure compared to that of a more traditional municipal fixed-income fund. When selecting investments for the Fund, Fund management considers a variety of factors, including the credit quality of issuers and the yield and duration of the obligations.
The Fund is permitted to engage in transactions in derivatives, such as options or futures on a security or an index of securities (including, but not limited to, interest rate futures contracts, financial futures contracts and options thereon), for hedging purposes (including anticipatory hedges) or to seek to enhance returns. The Fund may also invest in other derivatives, such as swap agreements, including credit default swap agreements. Derivatives are financial instruments whose value is derived from another security or an index. Derivatives may allow the Fund to increase or decrease its risk exposure more quickly and efficiently than other types of instruments. The Fund may also invest in indexed and inverse floating rate obligations.
The Fund may leverage its assets through the use of proceeds received through tender option bond transactions. In a tender option bond transaction, the Fund transfers municipal bonds or other municipal securities into a special purpose entity (a “TOB Trust”). A TOB Trust typically issues two classes of beneficial interests: short-term floating rate interests (“TOB Floaters”), which are sold to third-party investors, and residual inverse floating rate interests (“TOB
Residuals”), which are generally issued to the Fund. The Fund may invest in TOB Residuals and may also invest in TOB Floaters. The Fund will look through to the underlying municipal bond held by a TOB Trust for purposes of the Fund’s 80% policy.
The Fund may invest up to 20% of its assets in securities that are not New York municipal bonds (including, but not limited to, taxable municipal bonds, U.S. Treasury and Government agency issues, and investment grade corporate bonds).
The Fund may also invest up to 20% of its assets in non-investment grade municipal bonds (high yield or junk bonds), including debt securities that at the time of purchase are in default or that the Fund’s management team believes will be in default.
The Fund may also buy when-issued securities and participate in delayed delivery transactions.
The Fund may engage in active and frequent trading of portfolio securities to achieve its primary investment strategies.
Read More

MDNKX - Performance

Return Ranking - Trailing

Period MDNKX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.9% -5.9% 32.9% 27.85%
1 Yr 6.8% -0.7% 37.6% 32.18%
3 Yr 0.3%* -10.6% 3.6% 17.69%
5 Yr 1.3%* -6.8% 1103.7% 17.73%
10 Yr 2.6%* -0.9% 248.8% 9.68%

* Annualized

Return Ranking - Calendar

Period MDNKX Return Category Return Low Category Return High Rank in Category (%)
2023 3.6% -1.4% 41.0% 19.71%
2022 -11.0% -39.7% 0.3% 43.02%
2021 3.0% -5.6% 6.9% 2.25%
2020 -2.2% -2.6% 310.0% 99.51%
2019 4.1% 0.0% 26.0% 38.57%

Total Return Ranking - Trailing

Period MDNKX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.9% -5.9% 32.9% 27.85%
1 Yr 6.8% -0.7% 37.6% 32.18%
3 Yr 0.3%* -10.6% 3.6% 17.69%
5 Yr 1.3%* -6.8% 1103.7% 17.73%
10 Yr 2.6%* -0.9% 248.8% 9.68%

* Annualized

Total Return Ranking - Calendar

Period MDNKX Return Category Return Low Category Return High Rank in Category (%)
2023 7.1% -1.3% 41.0% 16.63%
2022 -8.4% -39.7% 1.1% 39.43%
2021 5.6% -4.8% 23761504.0% 2.59%
2020 0.4% -1.5% 17057.9% 98.47%
2019 5.9% 0.2% 3514.6% 65.86%

NAV & Total Return History

MDNKX - Holdings

Concentration Analysis

MDNKX Category Low Category High MDNKX % Rank
Net Assets 1.2 B 3.22 M 71.9 B 28.13%
Number of Holdings 367 4 13418 34.31%
Net Assets in Top 10 162 M -317 M 3.09 B 28.11%
Weighting of Top 10 13.51% 1.8% 100.3% 67.87%

Top 10 Holdings

  1. NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE 1.78%
  2. Hudson Yards Infrastructure Corp 1.52%
  3. LIBERTY DEV CORP NY REVENUE 1.39%
  4. NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE 1.33%
  5. NEW YORK CITY NY TRANSITIONAL FIN AUTH REVENUE 1.32%
  6. UTILITY DEBT SECURITIZATION AUTH NY 1.29%
  7. NEW YORK ST DORM AUTH REVENUES NON ST SUPPORTED DEBT 1.26%
  8. NEW YORK CITY NY MUNI WTR FIN AUTH WTR SWR SYS REVENUE 1.25%
  9. U.S. Treasury Bills 1.25%
  10. NEW YORK ST LIBERTY DEV CORP LIBERTY REVENUE 1.14%

Asset Allocation

Weighting Return Low Return High MDNKX % Rank
Bonds 		103.44% 0.00% 150.86% 5.39%
Cash 		0.77% -50.86% 44.62% 58.03%
Other 		0.01% -3.69% 51.88% 12.19%
Stocks 		0.00% 0.00% 99.78% 72.10%
Preferred Stocks 		0.00% 0.00% 0.07% 68.62%
Convertible Bonds 		0.00% 0.00% 0.93% 68.16%

Bond Sector Breakdown

Weighting Return Low Return High MDNKX % Rank
Municipal 		95.03% 44.39% 100.00% 81.47%
Corporate 		1.26% 0.00% 9.41% 2.21%
Cash & Equivalents 		0.77% 0.00% 44.41% 34.78%
Derivative 		0.01% -3.69% 51.88% 8.26%
Securitized 		0.00% 0.00% 5.93% 68.23%
Government 		0.00% 0.00% 52.02% 71.10%

Bond Geographic Breakdown

Weighting Return Low Return High MDNKX % Rank
US 		103.44% 0.00% 142.23% 5.40%
Non US 		0.00% 0.00% 23.89% 70.69%

MDNKX - Expenses

Operational Fees

MDNKX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.88% 0.01% 8.02% 35.53%
Management Fee 0.46% 0.00% 1.20% 68.11%
12b-1 Fee 0.10% 0.00% 1.00% 22.05%
Administrative Fee N/A 0.01% 0.44% N/A

Sales Fees

MDNKX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 4.75% 58.97%
Deferred Load N/A 0.25% 5.00% N/A

Trading Fees

MDNKX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 1.00% 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.

MDNKX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 15.00% 0.00% 283.00% 42.05%

MDNKX - Distributions

Dividend Yield Analysis

MDNKX Category Low Category High MDNKX % Rank
Dividend Yield 3.32% 0.00% 14.51% 34.02%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

MDNKX Category Low Category High MDNKX % Rank
Net Income Ratio 2.39% -0.53% 5.33% 25.15%

Capital Gain Distribution Analysis

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

Distributions History

View More +

MDNKX - Fund Manager Analysis

Managers

Theodore Jaeckel

Start Date

Tenure

Tenure Rank

Dec 31, 2006

15.42

15.4%

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.

James Pruskowski

Start Date

Tenure

Tenure Rank

Feb 18, 2015

7.28

7.3%

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

Michael Kalinoski

Start Date

Tenure

Tenure Rank

Feb 18, 2015

7.28

7.3%

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. Mr. Kalinoski earned a B.S. degree in accounting from Marquette University in 1992. Kalinoski holds the Chartered Financial Analyst designation.

Peter Hayes

Start Date

Tenure

Tenure Rank

Feb 18, 2015

7.28

7.3%

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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 35.05 7.35 1.58

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