XMHEX: Massachusetts Tax-Exempt Trust

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XMHEX Massachusetts Tax-Exempt Trust


Profile

XMHEX - Profile

Vitals

  • YTD Return 3.0%
  • 3 Yr Annualized Return 1.7%
  • 5 Yr Annualized Return 0.2%
  • Net Assets $33.8 M
  • Holdings in Top 10 N/A

52 WEEK LOW AND HIGH

$14.30
$13.22
$14.30

Expenses

OPERATING RELATED FEES

  • Expense Ratio 2.89%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 10.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) N/A
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return 3.0%
  • 3 Yr Annualized Total Return 1.7%
  • 5 Yr Annualized Total Return 0.2%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 3.74%
DIVIDENDS
  • Dividend Yield 0.6%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Massachusetts Tax-Exempt Trust
  • Fund Family Name
    BlackRock
  • Inception Date
    Jul 30, 1993
  • Shares Outstanding
    2371023
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Theodore Jaeckel

Fund Description

N/A


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Categories

Fund Company Quick Screens

XMHEX - Fund Company Quick Screens


Performance

XMHEX - Performance

Return Ranking - Trailing

Period XMHEX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.0% -1.5% 8.9% 3.51%
1 Yr 8.2% -2.3% 23.6% 7.60%
3 Yr 1.7%* -2.8% 5.8% 30.19%
5 Yr 0.2%* -2.7% 12.4% 55.61%
10 Yr N/A* -5.1% 3.9% 1.58%

* Annualized

Return Ranking - Calendar

Period XMHEX Return Category Return Low Category Return High Rank in Category (%)
2019 5.8% -1.7% 18.3% 21.72%
2018 -5.1% -11.7% 4.6% 92.57%
2017 2.2% -4.4% 8.3% 17.70%
2016 -4.3% -7.8% 7.7% 96.66%
2015 -0.2% -18.3% 3.0% 21.96%

Total Return Ranking - Trailing

Period XMHEX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.0% -1.5% 8.9% 3.51%
1 Yr 8.2% -2.3% 23.6% 7.68%
3 Yr 1.7%* -2.8% 7.9% 38.86%
5 Yr 0.2%* -2.7% 12.4% 64.22%
10 Yr N/A* -1.4% 7.1% 1.64%

* Annualized

Total Return Ranking - Calendar

Period XMHEX Return Category Return Low Category Return High Rank in Category (%)
2019 5.8% -1.7% 18.3% 22.38%
2018 -5.1% -11.7% 6.5% 94.62%
2017 2.2% -4.4% 10.4% 28.24%
2016 -4.3% -7.8% 10.7% 96.98%
2015 -0.2% -12.6% 4.2% 30.37%

NAV & Total Return History


Holdings

XMHEX - Holdings

Concentration Analysis

XMHEX Category Low Category High XMHEX % Rank
Net Assets 33.8 M 690 K 259 B 95.60%
Number of Holdings 80 1 17668 87.59%
Net Assets in Top 10 -3.16 M -216 M 21.4 B 98.53%
Weighting of Top 10 N/A 2.5% 100.0% 0.61%

Top 10 Holdings

  1. BLACKROCK MASS TAX-EXEMPT TR 1.27% 56.31%
  2. MASSACHUSETTS BAY TRANSN AUTH MASS SALES TAX REV 5% 7.82%
  3. MASSACHUSETTS ST DEV FIN AGY REV 5% 6.59%
  4. MASSACHUSETTS ST PORT AUTH REV 5% 6.20%
  5. MASSACHUSETTS ST DEV FIN AGY REV 5.45% 5.94%
  6. MASSACHUSETTS ST DEV FIN AGY REV 5% 5.30%
  7. MASSACHUSETTS ST HEALTH & EDL FACS AUTH REV 5.5% 3.97%
  8. MASSACHUSETTS ST COLLEGE BLDG AUTH PROJ REV 5.5% 3.69%
  9. MASSACHUSETTS ST 5% 3.62%
  10. MASSACHUSETTS EDL FING AUTH ED LN REV 5% 3.58%

Asset Allocation

Weighting Return Low Return High XMHEX % Rank
Bonds
99.71% 80.02% 159.74% 22.07%
Cash
0.29% -59.74% 19.63% 74.57%
Stocks
0.00% -0.98% 25.43% 94.24%
Preferred Stocks
0.00% 0.00% 7.43% 95.92%
Other
0.00% -8.60% 31.85% 91.88%
Convertible Bonds
0.00% 0.00% 7.23% 98.07%

Bond Sector Breakdown

Weighting Return Low Return High XMHEX % Rank
Municipal
99.82% 0.00% 100.11% 12.16%
Cash & Equivalents
0.18% -29.57% 21.18% 84.98%
Derivative
0.00% -0.83% 22.35% 95.85%
Securitized
0.00% 0.00% 98.40% 98.25%
Corporate
0.00% 0.00% 99.62% 98.53%
Government
0.00% -2.21% 122.41% 98.21%

Bond Geographic Breakdown

Weighting Return Low Return High XMHEX % Rank
US
94.04% 58.28% 156.78% 47.17%
Non US
5.67% -12.34% 26.76% 41.13%

Expenses

XMHEX - Expenses

Operational Fees

XMHEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.89% 0.01% 38.00% 0.98%
Management Fee 0.35% 0.00% 1.10% 41.02%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.15% 0.00% 0.50% 87.83%

Sales Fees

XMHEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 5.75% N/A
Deferred Load N/A 0.25% 5.50% N/A

Trading Fees

XMHEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 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.

XMHEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 10.00% 0.00% 489.00% 8.80%

Distributions

XMHEX - Distributions

Dividend Yield Analysis

XMHEX Category Low Category High XMHEX % Rank
Dividend Yield 0.62% 0.00% 3.18% 23.75%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

XMHEX Category Low Category High XMHEX % Rank
Net Income Ratio 3.74% 0.00% 6.30% 5.10%

Capital Gain Distribution Analysis

XMHEX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Semi-Annually Semi-Annually

Dividend Payout History

View More +

Fund Manager Analysis

XMHEX - Fund Manager Analysis

Managers

Theodore Jaeckel


Start Date

Tenure

Tenure Rank

Sep 01, 2004

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.

Walter O'Connor


Start Date

Tenure

Tenure Rank

Oct 01, 2006

13.34

13.3%

Walter O’Connor, CFA, is a Managing Director and Co-Head of the Municipal Funds team within BlackRock’s Global Fixed Income Group. He is also a member of the Municipal Bond Operating Committee, which oversees all municipal bond portfolio management, research and trading activities. Mr. O’Connor’s service with the firm dates back to 1991, including his years with Merrill Lynch Investment Managers (MLIM), which merged with BlackRock in 2006. At MLIM, he was a portfolio manager for municipal bond retail mutual funds. Prior to joining MLIM, Mr. O’Connor was with Prudential Securities, where he was involved in trading, underwriting, and arbitrage for municipal securities and financial futures. Mr. O’Connor earned a B.A. degree in finance and philosophy from the University of Notre Dame in 1984.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.02 33.19 7.42 0.08