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BlackRock High Yield Municipal Instl MAYHX

Morningstar Analyst Rating
Analyst rating as of
NAV / 1-Day Return
10.66  /  0.01 %
Total Assets
2.0 Bil
Adj. Expense Ratio
0.550%
Expense Ratio
0.660%
Fee Level
Below Average
Longest Manager Tenure
14.89 years
Category
High Yield Muni
Credit Quality / Interest Rate Sensitivity
Low / Extensive
Min. Initial Investment
2,000,000
Status
Open
TTM Yield
3.32%
Effective Duration
9.38 years

USD | NAV as of Jun 21, 2021 | 1-Day Return as of Jun 21, 2021, 10:00 PM GMT+00:00

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Morningstar’s Analysis

Will MAYHX outperform in future?

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

Process Pillar

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The Process Pillar is our assessment of how sensible, clearly defined, and repeatable MAYHX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

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The People Pillar is our evaluation of the MAYHX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

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The Parent Pillar is our rating of MAYHX’s parent organization’s priorities and whether they’re in line with investors’ interests.

This well-resourced team takes a thoughtful approach to the high-yield muni market.

Senior Analyst

Summary

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BlackRock High Yield Municipal's experienced and well-resourced team, thorough research-based approach, and inexpensive fees for most investors support a Morningstar Analyst rating of Silver for most of its share classes. The more expensive C shares earn a Neutral rating.

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