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Trending ETFs

Name

As of 02/21/2024

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.

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Vitals

YTD Return

0.6%

1 yr return

4.8%

3 Yr Avg Return

-0.9%

5 Yr Avg Return

0.7%

Net Assets

$7.4 B

Holdings in Top 10

9.4%

52 WEEK LOW AND HIGH

$10.6
N/A
N/A

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 02/21/2024

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.

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MKMTX - Profile

Distributions

  • YTD Total Return 0.6%
  • 3 Yr Annualized Total Return -0.9%
  • 5 Yr Annualized Total Return 0.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.37%
DIVIDENDS
  • Dividend Yield 3.3%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Blackrock Municipal Series Trust - BlackRock Strategic Municipal Opportunities Fund Class K
  • Fund Family Name
    BlackRock
  • Inception Date
    Jan 25, 2018
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Theodore Jaeckel

Fund Description


MKMTX - Performance

Return Ranking - Trailing

Period MKMTX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.6% -2.2% 8.6% 3.15%
1 Yr 4.8% -0.6% 37.5% 52.77%
3 Yr -0.9%* -10.4% 2.7% 54.70%
5 Yr 0.7%* -4.9% 1103.5% 76.35%
10 Yr N/A* -0.2% 248.2% 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% 75.03%
2022 -13.7% -40.2% 0.3% 80.29%
2021 3.7% -5.6% 6.9% 1.12%
2020 -1.9% -2.6% 310.0% 99.19%
2019 3.8% 0.0% 26.0% 48.27%

Total Return Ranking - Trailing

Period MKMTX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.6% -2.2% 8.6% 3.15%
1 Yr 4.8% -0.6% 37.5% 52.77%
3 Yr -0.9%* -10.4% 2.7% 54.70%
5 Yr 0.7%* -4.9% 1103.5% 76.35%
10 Yr N/A* -0.2% 248.2% 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% 56.24%
2022 -11.2% -40.2% 1.1% 77.48%
2021 6.1% -4.8% 23761504.0% 1.77%
2020 0.6% -1.5% 17057.9% 97.31%
2019 5.5% 0.2% 3514.6% 72.31%

NAV & Total Return History


MKMTX - Holdings

Concentration Analysis

MKMTX Category Low Category High MKMTX % Rank
Net Assets 7.4 B 3.48 M 68.1 B 4.04%
Number of Holdings 1406 2 12848 5.25%
Net Assets in Top 10 788 M -317 M 3.4 B 2.18%
Weighting of Top 10 9.35% 1.9% 100.4% 85.52%

Top 10 Holdings

  1. BlackRock Liquidity MuniCash Instl 2.54%
  2. SACRAMENTO CNTY CALIF SANTN DIST FING AUTH REV 0.68% 1.24%
  3. PUERTO RICO SALES TAX FING CORP SALES TAX REV 4.75% 1.10%
  4. Texas Water Dev Brd St Implem 4% 0.99%
  5. WISCONSIN ST HEALTH & EDL FACS AUTH REV 4% 0.95%
  6. COLORADO ST ED LN PROG 4% 0.87%
  7. DETROIT MICH SEW DISP REV 0.697% 0.84%
  8. PUERTO RICO COMWLTH 0.83%
  9. PUERTO RICO COMWLTH 0.83%
  10. GWINNETT CNTY GA SCH DIST 5% 0.83%

Asset Allocation

Weighting Return Low Return High MKMTX % Rank
Bonds
97.16% 0.00% 150.86% 77.61%
Cash
2.84% -50.86% 50.09% 18.37%
Stocks
0.00% 0.00% 99.88% 87.33%
Preferred Stocks
0.00% 0.00% 0.52% 85.72%
Other
0.00% -8.54% 33.35% 83.23%
Convertible Bonds
0.00% 0.00% 0.93% 85.54%

Bond Sector Breakdown

Weighting Return Low Return High MKMTX % Rank
Municipal
92.96% 44.39% 100.00% 88.30%
Cash & Equivalents
4.58% 0.00% 48.02% 7.17%
Corporate
2.46% 0.00% 9.41% 0.90%
Derivative
0.00% -8.54% 24.50% 82.27%
Securitized
0.00% 0.00% 5.93% 85.54%
Government
0.00% 0.00% 52.02% 86.89%

Bond Geographic Breakdown

Weighting Return Low Return High MKMTX % Rank
US
88.43% 0.00% 142.23% 95.84%
Non US
8.73% 0.00% 23.89% 0.64%

MKMTX - Expenses

Operational Fees

MKMTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.61% 0.03% 20.65% 66.11%
Management Fee 0.00% 0.00% 1.20% 1.09%
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% 98.95%

MKMTX - Distributions

Dividend Yield Analysis

MKMTX Category Low Category High MKMTX % Rank
Dividend Yield 3.27% 0.00% 4.63% 86.24%

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% 25.66%

Capital Gain Distribution Analysis

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

Distributions History

View More +

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 7.35 1.58