About MDNKX
BlackRock New York Municipal Opportunities Fund Investor A1 Shares is a municipal bond mutual fund focused on generating income exempt from federal, New York State, and New York City personal income taxes. Its primary function is to invest in a diversified portfolio of municipal securities issued by entities within New York, including government, utility, and infrastructure issuers, as well as cash equivalents. Aimed at investors seeking tax-advantaged income, the fund maintains medium to extensive credit quality and interest rate sensitivity, with an effective duration typically ranging from zero to ten years, and recently around 7.76 years. With total assets over $1.2 billion, it plays a significant role in the municipal bond market by helping to finance New York’s public projects and infrastructure development. The fund's performance is benchmarked against the S&P New York Municipal Bond Index, and it is characterized by a moderate expense ratio and above-average distribution fee. Its investor base includes individuals seeking stable, tax-exempt income streams while supporting essential public services in New York State and City.
Fund Family BlackRock
Category Muni New York Long
Performance Rating Above Average
Risk Rating Below Average
Stock Exchange NASDAQ
Ticker Symbol MDNKX
Index S&P Municipal Bond TR USD
MDNKX had a total return of 8.02% in the past year, including dividends.
Since the fund's inception, the average annual return has been 4.10%.
