Fixed Income

MALMX

Short-Term Municipal Fund

Overview

Loading

Performance

Performance

  • Returns

  1y 3y 5y 10y Incept. Performance data for certain classes of shares of certain funds are based on pre-class inception information dating back to an older class of fund shares. This information may be considered when assessing a fund's performance, but it does not represent actual performance of these classes of shares. The inception date noted under Key Fund Facts is the date the class of shares was incepted. See fund prospectus or fact sheet for details.
0.44 0.54 0.51 1.12 3.83
Benchmark (%) Index: S&P Municipal Bond Index.<br /><br /> Index returns are for illustrative purposes only. Index performance returns do not reflect any management fees, transaction costs or expenses. Indexes are unmanaged and one cannot invest directly in an index. Past performance does not guarantee future results. 0.48 2.36 3.65 4.82 4.55
Morningstar Category Avg. (%) Muni National Short 0.14 0.75 0.94 1.82 -
Morningstar Ranking Rankings are based on total return excluding sales charges, independently calculated and not combined to create an overall ranking. 66/196 117/180 133/158 80/101 -
Morningstar Quartile Rankings based on total return excluding sales charges, independently calculated and not combined to create an overall ranking. 2 3 4 4 -
Lipper Category Avg. (%) Short Muni Debt Funds 0.27 0.67 0.78 1.37 -
Lipper Ranking Rankings are based on total return excluding sales charges. 50/125 73/112 70/94 37/57 -
Lipper Quartile Rankings are based on total return excluding sales charges. 2 3 3 3 -
  YTD 1m 3m 1y 3y 5y 10y Incept. Performance data for certain classes of shares of certain funds are based on pre-class inception information dating back to an older class of fund shares. This information may be considered when assessing a fund's performance, but it does not represent actual performance of these classes of shares. The inception date noted under Key Fund Facts is the date the class of shares was incepted. See fund prospectus or fact sheet for details.
0.89 -0.17 0.16 0.44 1.62 2.58 11.84 332.12
Benchmark (%) Index: S&P Municipal Bond Index.<br /><br /> Index returns are for illustrative purposes only. Index performance returns do not reflect any management fees, transaction costs or expenses. Indexes are unmanaged and one cannot invest directly in an index. Past performance does not guarantee future results. -0.16 -0.58 -0.14 0.48 7.24 19.62 60.10 140.65
Morningstar Category Avg. (%) Muni National Short 0.47 -0.22 0.03 0.14 2.26 4.81 19.80 -
Lipper Category Avg. (%) Short Muni Debt Funds 0.61 -0.18 0.06 0.27 2.03 4.00 14.81 -
The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted.

Growth of Hypothetical $10,000 The growth of hypothetical $10,000 chart reflects a hypothetical $10,000 investment and assumes reinvestment of dividends and capital gains. Fund expenses, including management fees and other expenses were deducted.

Performance chart data not available for display.
View full chart

Distributions

Interactive chart displaying fund performance. Javascript is required.

View full chart
BlackRock Fixed Income Funds Delivered
19 of 25 U.S. bond funds, accounting for 97% of our assets, outperformed within their Morningstar peer groups*

22 of 25 U.S. bond funds, accounting for 88% of our fixed income funds, are priced in the least expensive quartile
See the numbers See the numbers

Key Facts

Key Facts

Size of Class (Millions) as of Nov 12, 2018 $365.7 M
Size of Fund (Millions) as of Nov 12, 2018 $468.9 M
Share Class launch date Nov 02, 1979
Asset Class Fixed Income
Morningstar Category Muni National Short
Lipper Classification Short Muni Debt Funds
Benchmark Index S&P Municipal Bond Index
CUSIP 09253C819
Number of Holdings as of Oct 31, 2018 151
Max Offer Price as of Nov 12, 2018 $10.04
Open to New Investors Yes
Turnover Percent as of Oct 31, 2018 153%

Portfolio Characteristics

Portfolio Characteristics

R-Squared (3y) as of Oct 31, 2018 45.28
Beta (3y) as of Oct 31, 2018 0.19
Average Coupon as of Oct 31, 2018 3.75%
Best 3-Month Return Over the Last 3 Years 3 months ending Feb 28, 2017 0.91%
Worst 3-Month Return Over the Last 3 Years 3 months ending Nov 30, 2016 -1.04%
Standard Deviation (3y) as of Oct 31, 2018 0.86

For the latest month-end Distribution Yield, click here.


This information must be preceded or accompanied by a current prospectus. For standardized performance, please see the Performance section above.

Holdings

Holdings

as of Oct 31, 2018
Name Weight (%)
NEW JERSEY ST TRANSN TR FD AUT 5 06/15/2020 2.72
CONNECTICUT ST 5 04/15/2021 2.66
CENTRAL PLAINS ENERGY PROJ NEB 5 08/01/2039 2.02
CONNECTICUT ST 5 04/15/2020 1.96
GRANT CNTY WASH PUB UTIL DIST 2 01/01/2044 1.93
Name Weight (%)
NEW JERSEY ECONOMIC DEV AUTH R 5 06/15/2021 1.81
NEW JERSEY ECONOMIC DEV AUTH R 5 06/15/2020 1.25
PENNSYLVANIA ST 5 07/01/2020 1.17
ORLANDO FLA UTILS COMMN UTIL S 5 10/01/2027 1.13
NEW JERSEY ST TRANSN TR FD 5.5 12/15/2021 1.11

Exposure Breakdowns

Exposure Breakdowns

Type Fund Benchmark Net
Type Fund Benchmark Net
Type Fund
Type Fund Benchmark Net
Type Fund Benchmark Net
Allocations subject to change.
Type Fund
Type Fund
The fund itself has not been rated by an independent rating agency. Credit quality ratings on underlying securities of the fund are received from S&P, Moody’s and Fitch and converted to the equivalent S&P major rating category. This breakdown is provided by BlackRock and takes the median rating of the three agencies when all three agencies rate a security the lower of the two ratings if only two agencies rate a security and one rating if that is all that is provided. Unrated securities do not necessarily indicate low quality. Below investment-grade is represented by a rating of BB and below. Ratings and portfolio credit quality may change over time.

Notional value represents a fund’s use of derivatives, including but not limited to futures, options, and swaps. This value captures the fund exposures as if the derivative was replaced with the underlying asset and the corresponding financing or lending, such that all exposures sum to the net asset value. For non-derivatives, the market value and the notional value are identical.

Allocations are subject to change.

Portfolio Managers

Portfolio Managers

Marie Sheehan
Marie Sheehan
William A. Henderson Jr.
Portfolio Manager, Municipal Liquidity

 

 

Kevin Schiatta, CFA
Kevin Schiatta, CFA
Portfolio Manager

Literature

Literature

 

There are many ways to access BlackRock Funds, learn how you can add them to your portfolio