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Trending ETFs

Name

As of 03/08/2021

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$15.25

$134 M

0.00%

2.34%

Vitals

YTD Return

-2.0%

1 yr return

0.1%

3 Yr Avg Return

5.1%

5 Yr Avg Return

3.8%

Net Assets

$134 M

Holdings in Top 10

56.0%

52 WEEK LOW AND HIGH

$15.3
$13.94
$15.83

Expenses

OPERATING FEES

Expense Ratio 2.34%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 27.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

N/A

IRA

N/A


Fund Classification

Fund Type

Closed-end mutual fund


Name

As of 03/08/2021

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$15.25

$134 M

0.00%

2.34%

XBAFX - Profile

Distributions

  • YTD Total Return -2.0%
  • 3 Yr Annualized Total Return 5.1%
  • 5 Yr Annualized Total Return 3.8%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 4.43%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    BlackRock Municipal Income Investment Quality Trust
  • Fund Family Name
    BlackRock
  • Inception Date
    Oct 31, 2002
  • Shares Outstanding
    8749418
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    United States

Fund Description


XBAFX - Performance

Return Ranking - Trailing

Period XBAFX Return Category Return Low Category Return High Rank in Category (%)
YTD -2.0% -86.8% 7.5% 86.50%
1 Yr 0.1% -48.9% 15.3% 23.70%
3 Yr 5.1%* -21.5% 51.9% 9.10%
5 Yr 3.8%* -5.9% 29.0% 3.00%
10 Yr 6.6%* -3.6% 13.2% 2.03%

* Annualized

Return Ranking - Calendar

Period XBAFX Return Category Return Low Category Return High Rank in Category (%)
2023 1.0% -91.1% 101.7% 8.09%
2022 5.1% -79.2% 102.5% 5.60%
2021 -5.1% -66.1% 60.0% 93.20%
2020 0.9% -57.4% 7.6% 51.44%
2019 -5.1% -35.9% 3.2% 96.56%

Total Return Ranking - Trailing

Period XBAFX Return Category Return Low Category Return High Rank in Category (%)
YTD -2.0% -86.8% 7.5% 86.46%
1 Yr 0.1% -48.9% 15.4% 8.53%
3 Yr 5.1%* -21.5% 51.9% 6.33%
5 Yr 3.8%* -5.9% 29.0% 2.67%
10 Yr 6.6%* -3.6% 13.3% 1.95%

* Annualized

Total Return Ranking - Calendar

Period XBAFX Return Category Return Low Category Return High Rank in Category (%)
2023 1.0% -91.1% 101.7% 8.14%
2022 5.1% -79.2% 102.5% 5.60%
2021 -5.1% -66.1% 60.0% 93.20%
2020 0.9% -57.4% 7.6% 52.50%
2019 -5.1% -35.9% 3.2% 96.56%

NAV & Total Return History


XBAFX - Holdings

Concentration Analysis

XBAFX Category Low Category High XBAFX % Rank
Net Assets 134 M 2.87 M 73.9 B 78.66%
Number of Holdings 199 1 14000 48.17%
Net Assets in Top 10 -7.97 M -317 M 8.64 B 98.26%
Weighting of Top 10 56.03% 2.4% 100.0% 22.26%

Top 10 Holdings

  1. Blackrock Mun Income Invt Qual Var Rt Mu 0% 30.93%
  2. MIAMI-DADE CNTY FLA SEAPORT REV 6% 3.57%
  3. JACKSONVILLE FLA SPL REV 5.25% 3.48%
  4. TENDER OPT BD TR RCPTS / CTFS VAR STS 8.45% 2.99%
  5. DENVER COLO CITY & CNTY ARPT REV 5.25% 2.70%
  6. SOUTH CAROLINA JOBS-ECONOMIC DEV AUTH HOSP REV 5% 2.53%
  7. DULUTH MINN ECONOMIC DEV AUTH HEALTH CARE FACS REV 4.25% 2.53%
  8. MAIN STR NAT GAS INC GA GAS SUPPLY REV 5% 2.49%
  9. CHICAGO ILL TRAN AUTH SALES TAX RCPTS REV 5.25% 2.45%
  10. CHICAGO ILL TRAN AUTH SALES TAX RCPTS REV 5.25% 2.36%

Asset Allocation

Weighting Return Low Return High XBAFX % Rank
Bonds
130.81% 0.00% 150.86% 0.73%
Stocks
0.00% -0.03% 4.63% 68.57%
Preferred Stocks
0.00% -1.79% 0.04% 66.58%
Other
0.00% -13.03% 30.01% 66.89%
Convertible Bonds
0.00% 0.00% 0.93% 66.94%
Cash
-30.81% -50.86% 100.00% 99.32%

Bond Sector Breakdown

Weighting Return Low Return High XBAFX % Rank
Municipal
99.91% 0.00% 100.00% 34.89%
Cash & Equivalents
0.09% 0.00% 100.00% 63.33%
Derivative
0.00% 0.00% 21.68% 66.76%
Securitized
0.00% 0.00% 5.93% 67.49%
Corporate
0.00% 0.00% 9.99% 73.79%
Government
0.00% 0.00% 52.02% 69.86%

Bond Geographic Breakdown

Weighting Return Low Return High XBAFX % Rank
US
126.10% 0.00% 142.23% 0.68%
Non US
4.71% 0.00% 62.14% 12.56%

XBAFX - Expenses

Operational Fees

XBAFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.34% 0.02% 3.60% 1.11%
Management Fee 0.55% 0.00% 1.10% 92.31%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.44% N/A

Sales Fees

XBAFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 4.90% N/A
Deferred Load N/A 0.25% 5.00% N/A

Trading Fees

XBAFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 1.00% 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.

XBAFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 27.00% 0.00% 283.00% 75.67%

XBAFX - Distributions

Dividend Yield Analysis

XBAFX Category Low Category High XBAFX % Rank
Dividend Yield 0.00% 0.00% 35.27% 97.08%

Dividend Distribution Analysis

XBAFX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Quarterly Monthly Monthly

Net Income Ratio Analysis

XBAFX Category Low Category High XBAFX % Rank
Net Income Ratio 4.43% -0.53% 24.00% 1.76%

Capital Gain Distribution Analysis

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

Distributions History

View More +

XBAFX - Fund Manager Analysis

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 35.05 7.21 1.58