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.
BlackRock High Yield Municipal Inv A MDYHX
NAV / 1-Day Return
10.16
/
0.01
%
Total Assets
1.6 Bil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
0.800%
Expense Ratio
0.910%
Fee Level
Below Average
Longest Manager Tenure
14.59
years
Category
High Yield Muni
Credit Quality / Interest Rate Sensitivity
Low / ExtensiveMin. Initial Investment
1,000
Status
Open
TTM Yield
3.27%
Effective Duration
9.38
years
Premium
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will MDYHX 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 MDYHX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the MDYHX 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 MDYHX’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.
