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Name

As of 04/19/2024

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

BlackRock MuniYield Michigan Quality Fund Inc

XMIYX | Fund

$12.81

$402 M

0.00%

1.44%

Vitals

YTD Return

-4.1%

1 yr return

-0.3%

3 Yr Avg Return

-6.9%

5 Yr Avg Return

-3.3%

Net Assets

$402 M

Holdings in Top 10

90.7%

52 WEEK LOW AND HIGH

$12.8
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.44%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 7.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Closed-end mutual fund

Name

As of 04/19/2024

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

BlackRock MuniYield Michigan Quality Fund Inc

XMIYX | Fund

$12.81

$402 M

0.00%

1.44%

XMIYX - Profile

Distributions

  • YTD Total Return -4.1%
  • 3 Yr Annualized Total Return -6.9%
  • 5 Yr Annualized Total Return -3.3%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 4.32%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    BlackRock MuniYield Michigan Quality Fund Inc
  • Fund Family Name
    BlackRock
  • Inception Date
    Sep 26, 2001
  • Shares Outstanding
    29509535
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Walter O'Connor

Fund Description

XMIYX - Performance

Return Ranking - Trailing

Period XMIYX Return Category Return Low Category Return High Rank in Category (%)
YTD -4.1% -4.6% 8.4% 99.35%
1 Yr -0.3% -3.5% 30.4% 96.56%
3 Yr -6.9%* -11.3% 2.6% 96.49%
5 Yr -3.3%* -6.0% 1102.0% 97.08%
10 Yr 1.0%* -0.4% 248.1% 84.64%

* Annualized

Return Ranking - Calendar

Period XMIYX Return Category Return Low Category Return High Rank in Category (%)
2023 5.4% -1.4% 41.0% 1.62%
2022 -19.1% -39.7% 0.3% 95.85%
2021 -1.5% -5.6% 6.9% 92.10%
2020 1.0% -2.6% 310.0% 80.80%
2019 5.6% 0.0% 26.0% 8.00%

Total Return Ranking - Trailing

Period XMIYX Return Category Return Low Category Return High Rank in Category (%)
YTD -4.1% -4.6% 8.4% 99.35%
1 Yr -0.3% -3.5% 30.4% 96.56%
3 Yr -6.9%* -11.3% 2.6% 96.49%
5 Yr -3.3%* -6.0% 1102.0% 97.08%
10 Yr 1.0%* -0.4% 248.1% 84.64%

* Annualized

Total Return Ranking - Calendar

Period XMIYX Return Category Return Low Category Return High Rank in Category (%)
2023 5.4% -1.3% 41.0% 55.49%
2022 -19.1% -39.7% 1.1% 95.91%
2021 -1.5% -4.8% 23761504.0% 99.14%
2020 1.0% -1.5% 17057.9% 96.00%
2019 7.8% 0.2% 3514.6% 16.84%

NAV & Total Return History

XMIYX - Holdings

Concentration Analysis

XMIYX Category Low Category High XMIYX % Rank
Net Assets 402 M 3.22 M 71.9 B 52.59%
Number of Holdings 184 2 13067 62.51%
Net Assets in Top 10 -74.8 M -317 M 3.4 B 99.16%
Weighting of Top 10 90.72% 1.9% 100.4% 0.52%

Top 10 Holdings

  1. BLACKROCK MUNIYIELD MICH QUALITY FD INC 0.33% 54.08%
  2. ROYAL OAK MICH HOSP FIN AUTH HOSP REV 5% 6.77%
  3. MICHIGAN FIN AUTH REV 5% 4.92%
  4. MICHIGAN ST TRUNK LINE 4% 4.18%
  5. MICHIGAN ST TRUNK LINE 4% 4.04%
  6. OAKLAND UNIV MICH REV 5% 4.03%
  7. MICHIGAN ST STRATEGIC FD LTD OBLIG REV 5% 3.83%
  8. MONROE CNTY MICH ECONOMIC DEV CORP LTD OBLIG REV 6.95% 3.48%
  9. MICHIGAN ST STRATEGIC FD LTD OBLIG REV 4.25% 3.46%
  10. WAYNE ST UNIV MICH UNIV REVS 5% 3.22%

Asset Allocation

Weighting Return Low Return High XMIYX % Rank
Bonds 		98.93% 0.00% 150.86% 40.31%
Cash 		1.07% -50.86% 50.09% 56.76%
Stocks 		0.00% 0.00% 99.81% 53.94%
Preferred Stocks 		0.00% 0.00% 0.52% 48.03%
Other 		0.00% -3.18% 33.35% 49.52%
Convertible Bonds 		0.00% 0.00% 0.93% 48.02%

Bond Sector Breakdown

Weighting Return Low Return High XMIYX % Rank
Municipal 		99.31% 44.39% 100.00% 33.74%
Cash & Equivalents 		0.69% 0.00% 48.02% 33.94%
Derivative 		0.00% -3.18% 23.38% 47.58%
Securitized 		0.00% 0.00% 5.93% 48.35%
Corporate 		0.00% 0.00% 9.41% 56.78%
Government 		0.00% 0.00% 52.02% 52.11%

Bond Geographic Breakdown

Weighting Return Low Return High XMIYX % Rank
US 		94.25% 0.00% 142.23% 88.62%
Non US 		4.68% 0.00% 23.89% 2.91%

XMIYX - Expenses

Operational Fees

XMIYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.44% 0.01% 20.65% 18.96%
Management Fee 0.49% 0.00% 1.20% 77.45%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.44% N/A

Sales Fees

XMIYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 4.75% N/A
Deferred Load N/A 0.25% 5.00% N/A

Trading Fees

XMIYX 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.

XMIYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 7.00% 0.00% 283.00% 10.76%

XMIYX - Distributions

Dividend Yield Analysis

XMIYX Category Low Category High XMIYX % Rank
Dividend Yield 0.00% 0.00% 14.56% 96.90%

Dividend Distribution Analysis

XMIYX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

XMIYX Category Low Category High XMIYX % Rank
Net Income Ratio 4.32% -0.53% 5.33% 1.64%

Capital Gain Distribution Analysis

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

Distributions History

View More +

XMIYX - Fund Manager Analysis

Managers

Walter O'Connor

Start Date

Tenure

Tenure Rank

Oct 01, 2006

15.67

15.7%

Walter O’Connor, CFA, is a Managing Director and Co-Head of the Municipal Funds team within BlackRock’s Global Fixed Income Group. He is also a member of the Municipal Bond Operating Committee, which oversees all municipal bond portfolio management, research and trading activities. Mr. O’Connor’s service with the firm dates back to 1991, including his years with Merrill Lynch Investment Managers (MLIM), which merged with BlackRock in 2006. At MLIM, he was a portfolio manager for municipal bond retail mutual funds. Prior to joining MLIM, Mr. O’Connor was with Prudential Securities, where he was involved in trading, underwriting, and arbitrage for municipal securities and financial futures. Mr. O’Connor earned a B.A. degree in finance and philosophy from the University of Notre Dame in 1984.

Michael Perilli

Start Date

Tenure

Tenure Rank

Mar 21, 2022

0.19

0.2%

Jointly and primarily responsible for the day-to-day management of the Fund’s portfolio, including setting the Fund’s overall investment strategy and overseeing the management of the Fund. Vice President of BlackRock, Inc. since 2017;Associate of BlackRock, Inc. since 2011.

Michael Kalinoski

Start Date

Tenure

Tenure Rank

Mar 21, 2022

0.19

0.2%

Kalinoski, director at BlackRock, joined BlackRock following the merger with Merrill Lynch Investment Managers(MLIM) in 2006. Prior to joining MLIM in 1999, he was with Strong Capital Management. Mr. Kalinoski earned a B.S. degree in accounting from Marquette University in 1992. Kalinoski holds the Chartered Financial Analyst designation.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 35.05 7.37 1.58

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