Skip to Content
Morningstar

BlackRock High Yield Municipal Instl MAYHX

Morningstar Medalist Rating
Medalist Rating as of | See BlackRock Investment Hub
  • NAV / 1-Day Return 8.87  /  −0.21 %
  • Total Assets 1.6 Bil
  • Adj. Expense Ratio
    0.550%
  • Expense Ratio 0.660%
  • Distribution Fee Level Below Average
  • Share Class Type Institutional
  • Category High Yield Muni
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 2.0 Mil
  • Status Open
  • TTM Yield 4.12%
  • Effective Duration 7.92 years

USD | NAV as of Apr 15, 2024 | 1-Day Return as of Apr 15, 2024, 11:48 PM GMT+0

Morningstar’s Analysis MAYHX

Will MAYHX outperform in future?

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

  • Process Pillar

    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

    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

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

Still settling in.

Associate Director Elizabeth Foos

Elizabeth Foos

Associate Director

Summary

The leadership changes for BlackRock High Yield Municipal have been significant since early 2023, yet the strategy still offers appealing characteristics. It’s supported by solid analytic resources and a large muni team that follows a comprehensive, research-based approach to building this portfolio.

by Elizabeth Foos
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings MAYHX

More MAYHX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 11.2
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

BlackRock Liquidity MuniCash Instl

8.26 131.8 Mil
Cash and Equivalents

BUCKEYE OHIO TOB SETTLEMENT FING AUTH

2.40 38.3 Mil
municipal

SOUTHEAST ENERGY AUTH COMMODITY SUPPLY REV ALA

2.07 33.0 Mil
municipal

Cash Offset

1.76 28.0 Mil
—

PUERTO RICO COMWLTH

1.64 26.2 Mil
municipal

PUERTO RICO COMWLTH

1.12 17.9 Mil
municipal

ARKANSAS ST DEV FIN AUTH INDL DEV REV

1.09 17.5 Mil
municipal

OKLAHOMA DEV FIN AUTH REV

0.98 15.6 Mil
municipal

PORT BEAUMONT TEX NAV DIST DOCK & WHARF FAC REV

0.93 14.8 Mil
municipal

BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV

0.93 14.8 Mil
municipal