Blackrock Municipal Series Trust - BlackRock Strategic Municipal Opport Fd USD Cls K
Name
As of 04/26/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
$10.41
$7.4 B
3.59%
$0.37
0.61%
Vitals
YTD Return
-0.2%
1 yr return
3.0%
3 Yr Avg Return
-1.7%
5 Yr Avg Return
0.1%
Net Assets
$7.4 B
Holdings in Top 10
9.4%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.61%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 100.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$5,000,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/26/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
$10.41
$7.4 B
3.59%
$0.37
0.61%
MKMTX - Profile
Distributions
- YTD Total Return -0.2%
- 3 Yr Annualized Total Return -1.7%
- 5 Yr Annualized Total Return 0.1%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 2.37%
- Dividend Yield 3.6%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameBlackrock Municipal Series Trust - BlackRock Strategic Municipal Opport Fd USD Cls K
-
Fund Family NameBlackRock
-
Inception DateJan 25, 2018
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerTheodore Jaeckel
Fund Description
MKMTX - Performance
Return Ranking - Trailing
Period | MKMTX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -0.2% | -5.3% | 7.2% | 12.26% |
1 Yr | 3.0% | -5.3% | 26.0% | 19.09% |
3 Yr | -1.7%* | -11.5% | 2.5% | 63.46% |
5 Yr | 0.1%* | -6.3% | 1101.7% | 81.57% |
10 Yr | N/A* | -0.5% | 248.1% | 22.35% |
* Annualized
Return Ranking - Calendar
Period | MKMTX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 1.9% | -1.4% | 41.0% | 75.60% |
2022 | -13.7% | -39.7% | 0.3% | 80.34% |
2021 | 3.7% | -5.6% | 6.9% | 1.13% |
2020 | -1.9% | -2.6% | 310.0% | 99.19% |
2019 | 3.8% | 0.0% | 26.0% | 48.54% |
Total Return Ranking - Trailing
Period | MKMTX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -0.2% | -5.3% | 7.2% | 12.26% |
1 Yr | 3.0% | -5.3% | 26.0% | 19.09% |
3 Yr | -1.7%* | -11.5% | 2.5% | 63.46% |
5 Yr | 0.1%* | -6.3% | 1101.7% | 81.57% |
10 Yr | N/A* | -0.5% | 248.1% | 22.59% |
* Annualized
Total Return Ranking - Calendar
Period | MKMTX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 5.4% | -1.3% | 41.0% | 56.60% |
2022 | -11.2% | -39.7% | 1.1% | 77.51% |
2021 | 6.1% | -4.8% | 23761504.0% | 1.73% |
2020 | 0.6% | -1.5% | 17057.9% | 97.42% |
2019 | 5.5% | 0.2% | 3514.6% | 72.42% |
NAV & Total Return History
MKMTX - Holdings
Concentration Analysis
MKMTX | Category Low | Category High | MKMTX % Rank | |
---|---|---|---|---|
Net Assets | 7.4 B | 3.22 M | 71.9 B | 4.08% |
Number of Holdings | 1406 | 2 | 13067 | 5.31% |
Net Assets in Top 10 | 788 M | -317 M | 3.56 B | 2.72% |
Weighting of Top 10 | 9.35% | 2.0% | 100.4% | 85.95% |
Top 10 Holdings
- BlackRock Liquidity MuniCash Instl 2.54%
- SACRAMENTO CNTY CALIF SANTN DIST FING AUTH REV 0.68% 1.24%
- PUERTO RICO SALES TAX FING CORP SALES TAX REV 4.75% 1.10%
- Texas Water Dev Brd St Implem 4% 0.99%
- WISCONSIN ST HEALTH & EDL FACS AUTH REV 4% 0.95%
- COLORADO ST ED LN PROG 4% 0.87%
- DETROIT MICH SEW DISP REV 0.697% 0.84%
- PUERTO RICO COMWLTH 0.83%
- PUERTO RICO COMWLTH 0.83%
- GWINNETT CNTY GA SCH DIST 5% 0.83%
Asset Allocation
Weighting | Return Low | Return High | MKMTX % Rank | |
---|---|---|---|---|
Bonds | 97.16% | 0.00% | 150.86% | 72.77% |
Cash | 2.84% | -50.86% | 50.09% | 23.37% |
Stocks | 0.00% | 0.00% | 99.81% | 80.21% |
Preferred Stocks | 0.00% | 0.00% | 0.52% | 78.38% |
Other | 0.00% | -3.18% | 33.35% | 76.05% |
Convertible Bonds | 0.00% | 0.00% | 0.93% | 78.30% |
Bond Sector Breakdown
Weighting | Return Low | Return High | MKMTX % Rank | |
---|---|---|---|---|
Municipal | 92.96% | 44.39% | 100.00% | 88.56% |
Cash & Equivalents | 4.58% | 0.00% | 48.02% | 8.09% |
Corporate | 2.46% | 0.00% | 9.41% | 0.91% |
Derivative | 0.00% | -3.18% | 23.38% | 74.76% |
Securitized | 0.00% | 0.00% | 5.93% | 78.62% |
Government | 0.00% | 0.00% | 52.02% | 80.83% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | MKMTX % Rank | |
---|---|---|---|---|
US | 88.43% | 0.00% | 142.23% | 95.92% |
Non US | 8.73% | 0.00% | 23.89% | 0.65% |
MKMTX - Expenses
Operational Fees
MKMTX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.61% | 0.01% | 20.65% | 66.30% |
Management Fee | 0.00% | 0.00% | 1.20% | 1.10% |
12b-1 Fee | N/A | 0.00% | 1.00% | 11.01% |
Administrative Fee | N/A | 0.01% | 0.44% | N/A |
Sales Fees
MKMTX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.50% | 4.75% | N/A |
Deferred Load | N/A | 0.25% | 5.00% | N/A |
Trading Fees
MKMTX 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.
MKMTX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 100.00% | 0.00% | 283.00% | 98.94% |
MKMTX - Distributions
Dividend Yield Analysis
MKMTX | Category Low | Category High | MKMTX % Rank | |
---|---|---|---|---|
Dividend Yield | 3.59% | 0.00% | 14.62% | 33.38% |
Dividend Distribution Analysis
MKMTX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
MKMTX | Category Low | Category High | MKMTX % Rank | |
---|---|---|---|---|
Net Income Ratio | 2.37% | -0.53% | 5.33% | 25.67% |
Capital Gain Distribution Analysis
MKMTX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Mar 28, 2024 | $0.031 | OrdinaryDividend |
Feb 29, 2024 | $0.030 | OrdinaryDividend |
Jan 31, 2024 | $0.029 | OrdinaryDividend |
Dec 29, 2023 | $0.029 | OrdinaryDividend |
Nov 30, 2023 | $0.030 | OrdinaryDividend |
Oct 31, 2023 | $0.028 | OrdinaryDividend |
Sep 29, 2023 | $0.027 | OrdinaryDividend |
Aug 31, 2023 | $0.026 | OrdinaryDividend |
Jul 31, 2023 | $0.025 | OrdinaryDividend |
Jun 30, 2023 | $0.025 | OrdinaryDividend |
May 31, 2023 | $0.026 | OrdinaryDividend |
Apr 28, 2023 | $0.027 | OrdinaryDividend |
Mar 31, 2023 | $0.027 | OrdinaryDividend |
Feb 28, 2023 | $0.026 | OrdinaryDividend |
Jan 31, 2023 | $0.024 | OrdinaryDividend |
Dec 30, 2022 | $0.025 | OrdinaryDividend |
Nov 30, 2022 | $0.025 | OrdinaryDividend |
Oct 31, 2022 | $0.024 | DailyAccrualFund |
Sep 30, 2022 | $0.024 | DailyAccrualFund |
Aug 31, 2022 | $0.023 | DailyAccrualFund |
Jul 29, 2022 | $0.024 | DailyAccrualFund |
Jun 30, 2022 | $0.024 | DailyAccrualFund |
May 31, 2022 | $0.024 | DailyAccrualFund |
Apr 29, 2022 | $0.026 | DailyAccrualFund |
Mar 31, 2022 | $0.022 | DailyAccrualFund |
Feb 28, 2022 | $0.022 | DailyAccrualFund |
Jan 31, 2022 | $0.020 | DailyAccrualFund |
Dec 31, 2021 | $0.021 | DailyAccrualFund |
Nov 30, 2021 | $0.020 | DailyAccrualFund |
Oct 29, 2021 | $0.020 | DailyAccrualFund |
Sep 30, 2021 | $0.020 | DailyAccrualFund |
Aug 31, 2021 | $0.019 | DailyAccrualFund |
Jul 30, 2021 | $0.020 | DailyAccrualFund |
Jun 30, 2021 | $0.020 | DailyAccrualFund |
May 28, 2021 | $0.021 | DailyAccrualFund |
Apr 30, 2021 | $0.021 | DailyAccrualFund |
Mar 31, 2021 | $0.021 | DailyAccrualFund |
Feb 26, 2021 | $0.023 | DailyAccrualFund |
Jan 29, 2021 | $0.022 | DailyAccrualFund |
Dec 31, 2020 | $0.022 | DailyAccrualFund |
Nov 30, 2020 | $0.023 | DailyAccrualFund |
Oct 30, 2020 | $0.023 | DailyAccrualFund |
Sep 30, 2020 | $0.023 | DailyAccrualFund |
Aug 31, 2020 | $0.023 | DailyAccrualFund |
Jul 31, 2020 | $0.024 | DailyAccrualFund |
Jun 30, 2020 | $0.025 | DailyAccrualFund |
May 29, 2020 | $0.025 | DailyAccrualFund |
Apr 30, 2020 | $0.024 | DailyAccrualFund |
Mar 31, 2020 | $0.024 | DailyAccrualFund |
Feb 28, 2020 | $0.023 | DailyAccrualFund |
Jan 31, 2020 | $0.024 | DailyAccrualFund |
Dec 31, 2019 | $0.002 | DailyAccrualFund |
Nov 29, 2019 | $0.002 | DailyAccrualFund |
Oct 31, 2019 | $0.002 | DailyAccrualFund |
Sep 30, 2019 | $0.002 | DailyAccrualFund |
Aug 30, 2019 | $0.002 | DailyAccrualFund |
Jul 31, 2019 | $0.003 | DailyAccrualFund |
May 31, 2019 | $0.028 | DailyAccrualFund |
Apr 30, 2019 | $0.028 | DailyAccrualFund |
Mar 29, 2019 | $0.030 | DailyAccrualFund |
Feb 28, 2019 | $0.030 | DailyAccrualFund |
Jan 31, 2019 | $0.030 | DailyAccrualFund |
Dec 31, 2018 | $0.031 | DailyAccrualFund |
Nov 30, 2018 | $0.032 | DailyAccrualFund |
Oct 31, 2018 | $0.031 | DailyAccrualFund |
Aug 31, 2018 | $0.030 | DailyAccrualFund |
Jul 31, 2018 | $0.030 | DailyAccrualFund |
Jun 29, 2018 | $0.030 | DailyAccrualFund |
May 31, 2018 | $0.029 | DailyAccrualFund |
Apr 30, 2018 | $0.027 | DailyAccrualFund |
Mar 29, 2018 | $0.026 | DailyAccrualFund |
Feb 28, 2018 | $0.028 | DailyAccrualFund |
MKMTX - 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.
Michael Kalinoski
Start Date
Tenure
Tenure Rank
Jan 27, 2014
8.35
8.4%
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
Jan 27, 2014
8.35
8.4%
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
Start Date
Tenure
Tenure Rank
Jan 27, 2014
8.35
8.4%
Pruskowski is a portfolio manager and Managing Director of BlackRock, Inc. since 2006. , his employer since 2000.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 35.05 | 7.37 | 1.58 |