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BlackRock High Yield Municipal Instl MAYHX

Analyst rating as of | See BlackRock Investment Hub
  • NAV / 1-Day Return 9.04  /  0.33 %
  • Total Assets 1.9 Bil
  • Adj. Expense Ratio
    0.590%
  • Expense Ratio 0.600%
  • Distribution Fee Level Below Average
  • Share Class Type Institutional
  • Category High Yield Muni
  • Credit Quality / Interest Rate Sensitivity Medium / Extensive
  • Min. Initial Investment 2,000,000
  • Status Open
  • TTM Yield 3.84%
  • Effective Duration 9.63 years

Morningstar’s Analysis MAYHX

Will MAYHX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Even with leadership shifts, this remains a well-resourced approach to the high-yield muni market.

Associate Director

Summary

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Managed by a well-resourced team that follows a comprehensive, research-based approach to building this portfolio, BlackRock High Yield Municipal sports many appealing characteristics. Yet its appetite for risk, combined with a new leadership configuration, gives reason to pause and prompts a downgrade of its Morningstar Analyst Rating to Bronze from Silver for all but its most expensive C share, which remains Neutral.

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