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Overview
Performance
Performance
Growth of Hypothetical $10,000
Performance chart data not available for display.
Distributions
Interactive chart displaying fund performance. Javascript is required.
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Returns
| 1y | 3y | 5y | 10y | Incept. | |
|---|---|---|---|---|---|
| Total Return (%) | 3.44 | - | - | - | 1.81 |
| Benchmark (%) | 3.42 | - | - | - | 1.84 |
| Morningstar Category Avg. (%) | - | - | - | - | - |
| Morningstar Ranking | - | - | - | - | - |
| Morningstar Quartile | 1 | - | - | - | - |
| Lipper Ranking | 16/133 | - | - | - | - |
| Lipper Quartile | 1 | - | - | - | - |
Performance data is not currently available
| YTD | 1m | 3m | 1y | 3y | 5y | 10y | Incept. | |
|---|---|---|---|---|---|---|---|---|
| Total Return (%) | 0.81 | 0.29 | 0.81 | 3.44 | - | - | - | 5.35 |
| Benchmark (%) | 0.82 | 0.27 | 0.82 | 3.42 | - | - | - | 5.43 |
| Morningstar Category Avg. (%) | - | - | - | - | - | - | - | - |
Performance data is not currently available
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Total Return (%) | - | - | - | 1.05 | 3.35 |
| Benchmark (%) | - | - | - | 1.18 | 3.32 |
| Morningstar Category Avg. (%) | - | - | - | - | - |
Performance data is not currently available
Performance is shown after deduction of ongoing charges. Any entry and exit charges are excluded from the calculation.
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.
Key Facts
Key Facts
Size of Class (Millions)
$108.1 M
Size of Fund (Millions)
$108.1 M
Share Class launch date
May 05, 2021
Asset Class
Fixed Income
Morningstar Category
Muni National Short
Lipper Classification
Short Muni Debt Funds
Benchmark Index
Municipal Swap Index (SIFMA) - Weekly (USD)
CUSIP
092480805
Distribution Frequency
Monthly
Number of Holdings
68
Max Offer Price
as of Apr 18, 2024
$9.99
Turnover Percent in the Annual Report
189%
Open to New Investors
No
Sustainability Characteristics
Sustainability Characteristics
To be included in MSCI ESG Fund Ratings, 65% (or 50% for bond funds and money market funds) of the fund’s gross weight must come from securities with ESG coverage by MSCI ESG Research (certain cash positions and other asset types deemed not relevant for ESG analysis by MSCI are removed prior to calculating a fund’s gross weight; the absolute values of short positions are included but treated as uncovered), the fund’s holdings date must be less than one year old, and the fund must have at least ten securities. MSCI Ratings are currently unavailable for this fund.
Business Involvement
Business Involvement
Business Involvement metrics can help investors gain a more comprehensive view of specific activities in which a fund may be exposed through its investments.
Business Involvement metrics are not indicative of a fund’s investment objective, and, unless otherwise stated in fund documentation and included within a fund’s investment objective, do not change a fund’s investment objective or constrain the fund’s investable universe. For more information regarding a fund's investment strategy, please see the fund's prospectus.
Review the MSCI methodology behind the Business Involvement metrics, using links below.
MSCI - Controversial Weapons
as of -
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MSCI - UN Global Compact Violators
as of -
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MSCI - Nuclear Weapons
as of -
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MSCI - Thermal Coal
as of -
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MSCI - Civilian Firearms
as of -
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MSCI - Oil Sands
as of -
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MSCI - Tobacco
as of -
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Business Involvement Coverage
as of -
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Percentage of Fund not covered
as of -
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BlackRock business involvement exposures as shown above for Thermal Coal and Oil Sands are calculated and reported for companies that generate more than 5% of revenue from thermal coal or oil sands as defined by MSCI ESG Research. For the exposure to companies that generate any revenue from thermal coal or oil sands (at a 0% revenue threshold), as defined by MSCI ESG Research, it is as follows: Thermal Coal -% and for Oil Sands -%.
Business Involvement metrics are calculated by BlackRock using data from MSCI ESG Research which provides a profile of each company’s specific business involvement. BlackRock leverages this data to provide a summed up view across holdings and translates it to a fund's market value exposure to the listed Business Involvement areas above.
Business Involvement metrics are designed only to identify companies where MSCI has conducted research and identified as having involvement in the covered activity. As a result, it is possible there is additional involvement in these covered activities where MSCI does not have coverage. This information should not be used to produce comprehensive lists of companies without involvement. Business Involvement metrics are only displayed if at least 1% of the fund’s gross weight includes securities covered by MSCI ESG Research.
ESG Integration
ESG Integration
ESG integration is the practice of incorporating financially material environmental, social and governance (ESG) data or information into the investment decision process with the objective of enhancing risk-adjusted returns of our clients’ portfolios. Unless otherwise stated in Fund documentation or included within the Fund's investment objective, inclusion of this statement does not imply that the Fund has an ESG-aligned investment objective or strategy, but rather describes how ESG data or information is considered as part of the overall investment process.
Where applicable, the Fund manager includes ESG considerations in combination with other information in the research and due diligence stage of the investment process. ESG information may be sourced from both internal and external sources and included in the Aladdin risk system. This information may broadly inform investment decisions: ESG criteria are considered in combination with other information. The Fund manager conducts regular portfolio risk reviews between the investment team and BlackRock's Risk and Quantitative Analysis group. These reviews include discussion of the portfolio's exposure to material ESG risks, as well as exposure to sustainability-related business involvements, climate-related metrics, and other factors, where appropriate.
Fees
Fees
as of current prospectus
| Gross Expense Ratio | 0.53% |
| Net Expense Ratio | 0.00% |
Net Expense Ratio excluding Investment Related Expenses is 0.00%
- Acquired Fund Fees and Expenses 0.00%
- Interest expense 0.00%
Ratings
Holdings
Holdings
| Name | Weight (%) | Shares | Market Value | Coupon (%) | Maturity |
|---|
Holdings are subject to change. Fund holdings and allocations shown are unaudited, and may not be representative of current or future investments. The Fund is actively managed and its details, holdings and characteristics will vary. Holdings shown should not be deemed as a recommendation to buy or sell securities. The user relies on this data at its own risk and neither BlackRock nor any other party makes any representations or express or implied warranties (which are expressly disclaimed) nor shall they incur any liability for any errors or omissions in the data.
Portfolio Managers
Portfolio Managers
Portfolio Manager
Literature
Literature
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