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Trending ETFs

BlackRock Impact Municipal Fund

mutual fund
MPDCX
Payout Change
Pending
Price as of:
$9.92 -0.01 -0.1%
primary theme
N/A
share class
Instl (MPICX) A (MPDCX) K (MPKCX)
MPDCX (Mutual Fund)

BlackRock Impact Municipal Fund

Payout Change
Pending
Price as of:
$9.92 -0.01 -0.1%
primary theme
N/A
share class
Instl (MPICX) A (MPDCX) K (MPKCX)
MPDCX (Mutual Fund)

BlackRock Impact Municipal Fund

Payout Change
Pending
Price as of:
$9.92 -0.01 -0.1%
primary theme
N/A
share class
Instl (MPICX) A (MPDCX) K (MPKCX)

Name

As of 12/09/2024

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.

Watchlist

BlackRock Impact Municipal Fund

MPDCX | Fund

$9.92

$50.3 M

3.27%

$0.32

1.28%

Vitals

YTD Return

4.2%

1 yr return

5.8%

3 Yr Avg Return

N/A

5 Yr Avg Return

N/A

Net Assets

$50.3 M

Holdings in Top 10

27.0%

52 WEEK LOW AND HIGH

$9.9
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.28%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 12/09/2024

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.

Watchlist

BlackRock Impact Municipal Fund

MPDCX | Fund

$9.92

$50.3 M

3.27%

$0.32

1.28%

MPDCX - Profile

Distributions

  • YTD Total Return 4.2%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 3.3%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    BlackRock Impact Municipal Fund
  • Fund Family Name
    BlackRock-advised Funds
  • Inception Date
    Mar 14, 2022
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    US

Fund Description

Under normal circumstances, the Fund seeks to achieve its objective by investing at least 80% of its net assets, plus any borrowings for investment purposes, in municipal bonds and derivatives with similar economic characteristics. Municipal bonds include debt obligations issued by or on behalf of a governmental entity or other qualifying issuer that pay interest that is, in the opinion of bond counsel to the issuer, generally excludable from gross income for Federal income tax purposes (except that the interest may be includable in taxable income for purposes of the Federal alternative minimum tax). Municipal bonds may be obligations of a variety of issuers, including governmental entities or other qualifying issuers. Issuers may be states, territories and possessions of the United States and the District of Columbia and their political subdivisions, agencies and instrumentalities. Municipal bonds also include short-term tax-exempt obligations like municipal notes and variable rate demand obligations.
The Fund will seek to invest in municipal bonds that BlackRock believes have the potential to produce attractive Federal tax-free income and the proceeds of which, in BlackRock’s view, can provide positive and measurable impacts.
BlackRock considers a number of criteria when selecting portfolio securities, including, but not limited to, whether the activities supported by the investment are expected to include positive social externalities, responsible use of proceeds, measurable and clear impacts, benefit to undercapitalized or high social opportunity areas, and alignment with broadly endorsed public policy goals. The Fund’s investments will be focused across themes that align with certain United Nations Sustainable Development Goals (“SDGs”), including, but not limited to, good health and well-being; quality education; clean water and sanitation; affordable and clean energy; industry, innovation, and infrastructure; and sustainable cities and communities. The SDGs are a series of goals published by the United Nations that recognize that ending poverty and other deprivations must go hand-in-hand with improvements in health, education, and economic growth, and reduction in inequalities, while tackling climate change and working to preserve the planet’s oceans and forests. The Fund intends to focus its investments in municipal bond issuers within certain sectors, including but not limited to the education, healthcare, housing, water and sewer, low-carbon public power issuers, mass transit, and state and local governments sectors. Within these sectors, Fund management applies BlackRock’s proprietary municipal impact framework to seek to invest in bonds whose proceeds, in BlackRock’s view, generate positive, measurable social and/or environmental impacts. BlackRock’s proprietary framework abides by the Operating Principles for Impact Management, which is a third-party framework for investors for the design and implementation of their impact management systems to ensure that impact considerations are integrated throughout the investment lifecycle. Fund management looks to key performance indicators to measure the impact of the Fund’s investments, and the nature of such assessments may vary by sector and over time. For example, within the education sector, Fund management may seek opportunity for impact through projects that aim to improve educational attainment and learning outcomes, innovations in technology to help close learning gaps, providing alternative learning methods and expanded early childhood programs for underserved populations. Within the healthcare sector, Fund management may seek investments that fund projects that work to achieve health equity, provide access to quality healthcare and improved outcomes, reduce the cost of healthcare, increase the capacity of, and improve the resiliency of, healthcare infrastructure. The foregoing examples are for illustration only, and the nature of the impact outcomes sought in a particular sector may vary.
The impact-related criteria described above are not the sole considerations when making investment decisions for the Fund, and the Fund will make investments that do not meet the impact-related criteria. In addition, the Fund may gain indirect exposure (through, including but not limited to, derivatives and investments in other investment companies) to issuers with exposures that are inconsistent with the impact-related criteria used by Fund management.
The Fund may invest in municipal bonds rated in any rating category or in unrated municipal bonds. The Fund may invest up to 50% of its assets in “junk bonds” or in unrated bonds that Fund management believes are of comparable quality. The Fund will primarily invest in municipal bonds that have a maturity of five years or longer. The Fund may also invest up to 10% of its assets in taxable securities under normal market conditions.
The Fund may engage in transactions in certain derivatives, such as financial futures contracts and options thereon, indexed and inverse floating rate obligations and swap agreements, including credit default swap agreements. The Fund may use derivative instruments to hedge its investments or to seek to enhance returns.
The Fund may leverage up to 10% of its assets through the use of proceeds received through tender option bond transactions. In a tender option bond transaction, the Fund transfers municipal bonds or other municipal securities into a special purpose entity (a “TOB Trust”). A TOB Trust typically issues two classes of beneficial interests: short-term floating rate interests (“TOB Floaters”), which are sold to third party investors, and residual inverse floating rate interests (“TOB Residuals”), which are generally issued to the Fund. The Fund may invest in TOB Residuals and may also invest in TOB Floaters. The Fund will look through to the underlying municipal bond held by a TOB Trust for purposes of the Fund’s 80% policy. The Fund may also invest in variable and floating rate instruments, and transact in securities on a when-issued, delayed delivery or forward commitment basis.
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MPDCX - Performance

Return Ranking - Trailing

Period MPDCX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.2% N/A N/A N/A
1 Yr 5.8% N/A N/A N/A
3 Yr N/A* N/A N/A N/A
5 Yr N/A* N/A N/A N/A
10 Yr N/A* N/A N/A N/A

* Annualized

Return Ranking - Calendar

Period MPDCX Return Category Return Low Category Return High Rank in Category (%)
2023 4.3% N/A N/A N/A
2022 N/A N/A N/A N/A
2021 N/A N/A N/A N/A
2020 N/A N/A N/A N/A
2019 N/A N/A N/A N/A

Total Return Ranking - Trailing

Period MPDCX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.2% N/A N/A N/A
1 Yr 5.8% N/A N/A N/A
3 Yr N/A* N/A N/A N/A
5 Yr N/A* N/A N/A N/A
10 Yr N/A* N/A N/A N/A

* Annualized

Total Return Ranking - Calendar

Period MPDCX Return Category Return Low Category Return High Rank in Category (%)
2023 8.0% N/A N/A N/A
2022 N/A N/A N/A N/A
2021 N/A N/A N/A N/A
2020 N/A N/A N/A N/A
2019 N/A N/A N/A N/A

NAV & Total Return History

MPDCX - Holdings

Concentration Analysis

MPDCX Category Low Category High MPDCX % Rank
Net Assets 50.3 M N/A N/A N/A
Number of Holdings 83 N/A N/A N/A
Net Assets in Top 10 13.6 M N/A N/A N/A
Weighting of Top 10 26.98% N/A N/A N/A

Top 10 Holdings

  1. SAINT LUCIE CNTY FL SCH BRD COPS 3.21%
  2. MASSACHUSETTS ST TRANSPRTN FUND REVENUE 3.20%
  3. CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE 3.10%
  4. CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE 3.03%
  5. UNIV OF UTAH UT REVENUES 3.02%
  6. CHICAGO IL TRANSIT AUTH SALES TAX RECPTS REVENUE 2.48%
  7. DIST OF COLUMBIA REVENUE 2.28%
  8. UNIV OF CONNECTICUT CT 2.23%
  9. PHILADELPHIA PA WTR WSTWTR REVENUE 2.23%
  10. CONNECTICUT ST 2.19%

Asset Allocation

Weighting Return Low Return High MPDCX % Rank
Bonds 		97.22% N/A N/A N/A
Cash 		2.74% N/A N/A N/A
Other 		0.04% N/A N/A N/A
Stocks 		0.00% N/A N/A N/A
Preferred Stocks 		0.00% N/A N/A N/A
Convertible Bonds 		0.00% N/A N/A N/A

Bond Sector Breakdown

Weighting Return Low Return High MPDCX % Rank
Cash & Equivalents 		1.72% N/A N/A N/A
Derivative 		0.04% N/A N/A N/A
Securitized 		0.00% N/A N/A N/A
Corporate 		0.00% N/A N/A N/A
Municipal 		0.00% N/A N/A N/A
Government 		0.00% N/A N/A N/A

Bond Geographic Breakdown

Weighting Return Low Return High MPDCX % Rank
US 		97.22% N/A N/A N/A
Non US 		0.00% N/A N/A N/A

MPDCX - Expenses

Operational Fees

MPDCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.28% N/A N/A N/A
Management Fee 0.45% N/A N/A N/A
12b-1 Fee N/A N/A N/A N/A
Administrative Fee N/A N/A N/A N/A

Sales Fees

MPDCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A N/A N/A N/A
Deferred Load N/A N/A N/A N/A

Trading Fees

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

MPDCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A N/A N/A N/A

MPDCX - Distributions

Dividend Yield Analysis

MPDCX Category Low Category High MPDCX % Rank
Dividend Yield 3.27% N/A N/A N/A

Dividend Distribution Analysis

MPDCX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly

Net Income Ratio Analysis

MPDCX Category Low Category High MPDCX % Rank
Net Income Ratio N/A N/A N/A N/A

Capital Gain Distribution Analysis

MPDCX Category Low Category High Capital Mode
Capital Gain Distribution Frequency

Distributions History

View More +

MPDCX - Fund Manager Analysis

Tenure Analysis

Category Low Category High Category Average Category Mode
N/A N/A N/A N/A

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