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Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

BlackRock High Yield Municipal Fund

MAYHX | Fund

$8.90

$2.15 B

4.61%

$0.41

0.60%

Vitals

YTD Return

-16.6%

1 yr return

-7.5%

3 Yr Avg Return

2.0%

5 Yr Avg Return

3.5%

Net Assets

$2.15 B

Holdings in Top 10

13.9%

52 WEEK LOW AND HIGH

$8.9
$8.89
$10.73

Expenses

OPERATING FEES

Expense Ratio 0.60%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 23.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$2,000,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Investment Style

High Yield Muni

Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

BlackRock High Yield Municipal Fund

MAYHX | Fund

$8.90

$2.15 B

4.61%

$0.41

0.60%

MAYHX - Profile

Distributions

  • YTD Total Return -16.6%
  • 3 Yr Annualized Total Return 2.0%
  • 5 Yr Annualized Total Return 3.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.44%
DIVIDENDS
  • Dividend Yield 4.6%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    BlackRock High Yield Municipal Fund
  • Fund Family Name
    BlackRock
  • Inception Date
    Aug 01, 2006
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Theodore Jaeckel

Fund Description

The fund normally invests at least 80% of its assets in municipal bonds. It may invest in municipal bonds rated in any rating category or in unrated municipal bonds. The fund invests at least 65% of the fund's net assets in medium- to low-quality bonds as rated by at least one independent rating agency. It may also invest up to 10% of its assets in municipal bonds that are distressed securities.

MAYHX - Performance

Return Ranking - Trailing

Period MAYHX Return Category Return Low Category Return High Rank in Category (%)
YTD -16.6% -23.2% -0.6% 73.87%
1 Yr -7.5% -14.0% 4.4% 47.11%
3 Yr 2.0%* -2.2% 4.1% 12.61%
5 Yr 3.5%* 0.2% 4.7% 13.40%
10 Yr 4.4%* 1.8% 5.9% 22.50%

* Annualized

Return Ranking - Calendar

Period MAYHX Return Category Return Low Category Return High Rank in Category (%)
2021 5.6% -1.9% 5.6% 0.45%
2020 0.7% -10.1% 4.2% 43.12%
2019 5.9% -0.7% 9.1% 28.77%
2018 -2.0% -5.7% 95.6% 35.57%
2017 4.5% -0.7% 8.6% 33.33%

Total Return Ranking - Trailing

Period MAYHX Return Category Return Low Category Return High Rank in Category (%)
YTD -16.6% -23.2% -0.6% 73.87%
1 Yr -7.5% -14.0% 4.3% 37.33%
3 Yr 2.0%* -2.2% 3.6% 9.91%
5 Yr 3.5%* 0.2% 4.7% 11.00%
10 Yr 4.4%* 1.8% 5.9% 20.63%

* Annualized

Total Return Ranking - Calendar

Period MAYHX Return Category Return Low Category Return High Rank in Category (%)
2021 5.6% -1.9% 5.6% 0.45%
2020 0.7% -10.1% 4.2% 43.12%
2019 5.9% -0.7% 9.1% 31.60%
2018 -2.0% -5.7% 95.6% 39.69%
2017 4.6% -0.7% 9.8% 36.78%

NAV & Total Return History

MAYHX - Holdings

Concentration Analysis

MAYHX Category Low Category High MAYHX % Rank
Net Assets 2.15 B 9.79 K 20.2 B 31.25%
Number of Holdings 916 1 3950 27.68%
Net Assets in Top 10 290 M -102 M 3.41 B 34.38%
Weighting of Top 10 13.89% 1.1% 97.0% 43.95%

Top 10 Holdings

  1. BlackRock Liquidity MuniCash Instl 5.56%
  2. NEW YORK ST DORM AUTH ST PERS INCOME TAX REV 4% 1.65%
  3. NEW YORK N Y CITY HSG DEV CORP MULTIFAMILY HSG REV 2.25% 1.64%
  4. PORT AUTH N Y & N J 4% 1.31%
  5. WASHINGTON ST HSG FIN COMMN 3.5% 1.12%
  6. BUCKEYE OHIO TOB SETTLEMENT FING AUTH 5% 1.09%
  7. PUERTO RICO SALES TAX FING CORP SALES TAX REV 5% 0.91%
  8. SOUTH CAROLINA ST PUB SVCS AUTH REV 5% 0.89%
  9. PUERTO RICO COMWLTH 0.88%
  10. ARKANSAS ST DEV FIN AUTH INDL DEV REV 4.5% 0.87%

Asset Allocation

Weighting Return Low Return High MAYHX % Rank
Bonds 		95.27% 0.00% 146.69% 81.50%
Cash 		4.73% -3.16% 100.00% 16.07%
Stocks 		0.00% 0.00% 5.80% 28.19%
Preferred Stocks 		0.00% -47.61% 0.32% 18.30%
Other 		0.00% 0.00% 0.18% 23.66%
Convertible Bonds 		0.00% 0.00% 0.00% 14.73%

Bond Sector Breakdown

Weighting Return Low Return High MAYHX % Rank
Municipal 		93.42% 0.00% 100.00% 86.16%
Cash & Equivalents 		6.58% 0.00% 100.00% 14.29%
Derivative 		0.00% 0.00% 0.02% 16.52%
Securitized 		0.00% 0.00% 22.44% 19.64%
Corporate 		0.00% 0.00% 4.15% 56.25%
Government 		0.00% 0.00% 0.09% 19.20%

Bond Geographic Breakdown

Weighting Return Low Return High MAYHX % Rank
US 		85.45% 0.00% 139.84% 79.46%
Non US 		9.82% 0.00% 21.09% 23.21%

MAYHX - Expenses

Operational Fees

MAYHX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.60% 0.05% 2.63% 73.97%
Management Fee 0.46% 0.00% 1.41% 32.60%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.02% 0.35% N/A

Sales Fees

MAYHX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 4.50% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

MAYHX 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.

MAYHX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 23.00% 2.00% 121.00% 60.77%

MAYHX - Distributions

Dividend Yield Analysis

MAYHX Category Low Category High MAYHX % Rank
Dividend Yield 4.61% 0.00% 13.03% 37.00%

Dividend Distribution Analysis

MAYHX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

MAYHX Category Low Category High MAYHX % Rank
Net Income Ratio 3.44% 1.11% 5.70% 35.24%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

MAYHX - Fund Manager Analysis

Managers

Theodore Jaeckel

Start Date

Tenure

Tenure Rank

Aug 01, 2006

15.84

15.8%

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.

Walter O'Connor

Start Date

Tenure

Tenure Rank

Dec 06, 2006

15.49

15.5%

Walter O’Connor, CFA, is a Managing Director and Co-Head of the Municipal Funds team within BlackRock’s Global Fixed Income Group. He is also a member of the Municipal Bond Operating Committee, which oversees all municipal bond portfolio management, research and trading activities. Mr. O’Connor’s service with the firm dates back to 1991, including his years with Merrill Lynch Investment Managers (MLIM), which merged with BlackRock in 2006. At MLIM, he was a portfolio manager for municipal bond retail mutual funds. Prior to joining MLIM, Mr. O’Connor was with Prudential Securities, where he was involved in trading, underwriting, and arbitrage for municipal securities and financial futures. Mr. O’Connor earned a B.A. degree in finance and philosophy from the University of Notre Dame in 1984.

Michael Perilli

Start Date

Tenure

Tenure Rank

Feb 01, 2020

2.33

2.3%

Jointly and primarily responsible for the day-to-day management of the Fund’s portfolio, including setting the Fund’s overall investment strategy and overseeing the management of the Fund. Vice President of BlackRock, Inc. since 2017;Associate of BlackRock, Inc. since 2011.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.06 21.43 7.34 2.52

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