MCYHX: BlackRock High Yield Municipal Inv C

Welcome to MutualFunds.com

Please help us personalize your experience and select the one that best describes you.

Your personalized experience is almost ready.

Join other Individual Investors receiving FREE personalized market updates and research. Join other Institutional Investors receiving FREE personalized market updates and research. Join other Financial Advisors receiving FREE personalized market updates and research.

Thank you!

Check your email and confirm your subscription to complete your personalized experience.

Thank you for your submission

We hope you enjoy your experience

Channels

Find the latest content and information here about the 2019 Charles Schwab Impact Conference.

Advisors

Receive email updates about fund flows, news, upcoming CE accredited webcasts from industry thought leaders and more.

Content focused on helping financial advisors build successful client relationships and grow their business.

Content geared towards helping financial advisors build better client portfolios.

Get insights on the industry trends and investment news from leading fund managers and experts.

MCYHX BlackRock High Yield Municipal Inv C


Profile

MCYHX - Profile

Vitals

  • YTD Return -7.6%
  • 3 Yr Annualized Return -1.1%
  • 5 Yr Annualized Return -0.1%
  • Net Assets $1.17 B
  • Holdings in Top 10 11.4%

52 WEEK LOW AND HIGH

$9.27
$8.39
$10.40

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.74%

SALES FEES

  • Front Load N/A
  • Deferred Load 1.00%

BROKERAGE FEES

  • Turnover 14.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000
  • IRA $100

Fund Classification


Distributions

  • YTD Total Return -7.6%
  • 3 Yr Annualized Total Return -1.1%
  • 5 Yr Annualized Total Return -0.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.02%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    BlackRock High Yield Municipal Fund
  • Fund Family Name
    BlackRock
  • Inception Date
    Aug 01, 2006
  • Shares Outstanding
    N/A
  • Share Class
    C
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Theodore Jaeckel

Fund Description

The fund normally invests at least 80% of its assets in municipal bonds. It may invest in municipal bonds rated in any rating category or in unrated municipal bonds. The fund invests at least 65% of the fund's net assets in medium- to low-quality bonds as rated by at least one independent rating agency. It may also invest up to 10% of its assets in municipal bonds that are distressed securities.


Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.


Categories

Fund Company Quick Screens

Performance

MCYHX - Performance

Return Ranking - Trailing

Period MCYHX Return Category Return Low Category Return High Rank in Category (%)
YTD -7.6% -13.7% 0.5% 76.17%
1 Yr -6.2% -13.7% 5.3% 72.63%
3 Yr -1.1%* -2.7% 1.8% 47.31%
5 Yr -0.1%* -2.2% 1.9% 35.71%
10 Yr 0.9%* -1.4% 1.8% 26.80%

* Annualized

Return Ranking - Calendar

Period MCYHX Return Category Return Low Category Return High Rank in Category (%)
2019 5.9% -0.7% 9.1% 26.74%
2018 -2.0% -4.8% 9.2% 36.78%
2017 4.5% -9.7% 8.6% 32.90%
2016 -3.0% -6.1% -0.8% 49.32%
2015 1.0% -5.6% 2.9% 18.32%

Total Return Ranking - Trailing

Period MCYHX Return Category Return Low Category Return High Rank in Category (%)
YTD -7.6% -13.7% 0.5% 76.17%
1 Yr -6.2% -13.7% 5.3% 72.63%
3 Yr -1.1%* -2.7% 1.8% 52.10%
5 Yr -0.1%* -2.2% 2.5% 39.29%
10 Yr 0.9%* -1.4% 4.3% 27.84%

* Annualized

Total Return Ranking - Calendar

Period MCYHX Return Category Return Low Category Return High Rank in Category (%)
2019 5.9% -0.7% 9.1% 29.95%
2018 -2.0% -4.8% 9.2% 39.66%
2017 4.6% -9.7% 8.8% 36.13%
2016 -3.0% -6.1% 1.0% 51.35%
2015 1.0% -5.6% 5.3% 19.85%

NAV & Total Return History


Holdings

MCYHX - Holdings

Concentration Analysis

MCYHX Category Low Category High MCYHX % Rank
Net Assets 1.17 B 366 K 17.9 B 40.82%
Number of Holdings 648 6 3645 33.68%
Net Assets in Top 10 134 M -38.7 M 2.51 B 45.60%
Weighting of Top 10 11.38% 4.2% 98.8% 70.47%

Top 10 Holdings

  1. BUCKEYE OHIO TOB SETTLEMENT FING AUTH 5% 1.97%
  2. TOBACCO SETTLEMENT FING CORP N J 5% 1.30%
  3. TENDER OPT BD TR RCPTS / CTFS VAR STS 8.04% 1.18%
  4. SOUTH CAROLINA ST PUB SVCS AUTH REV 5% 1.18%
  5. ARKANSAS ST DEV FIN AUTH INDL DEV REV 4.5% 1.16%
  6. PUERTO RICO SALES TAX FING CORP SALES TAX REV 4.75% 0.98%
  7. NEW YORK LIBERTY DEV CORP LIBERTY REV 5% 0.97%
  8. PUERTO RICO SALES TAX FING CORP SALES TAX REV 5% 0.95%
  9. DELAWARE ST ECONOMIC DEV AUTH REV 5.38% 0.86%
  10. TARRANT CNTY TEX CULTURAL ED FACS FIN CORP REV 5% 0.82%

Asset Allocation

Weighting Return Low Return High MCYHX % Rank
Bonds
92.68% 79.21% 148.07% 92.78%
Cash
7.33% -1.98% 17.48% 9.33%
Stocks
0.00% 0.00% 3.82% 93.30%
Preferred Stocks
0.00% -48.07% 0.00% 91.19%
Other
0.00% -0.09% 1.67% 89.64%
Convertible Bonds
0.00% 0.00% 0.00% 91.71%

Bond Sector Breakdown

Weighting Return Low Return High MCYHX % Rank
Municipal
92.26% 82.40% 100.00% 91.19%
Cash & Equivalents
7.74% 0.00% 17.60% 8.81%
Derivative
0.00% 0.00% 0.26% 91.71%
Securitized
0.00% 0.00% 0.00% 91.71%
Corporate
0.00% 0.00% 5.11% 94.82%
Government
0.00% -2.36% 0.96% 91.19%

Bond Geographic Breakdown

Weighting Return Low Return High MCYHX % Rank
US
83.10% 74.35% 141.91% 90.16%
Non US
9.58% 0.00% 14.58% 16.58%

Expenses

MCYHX - Expenses

Operational Fees

MCYHX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.74% 0.21% 2.78% 10.94%
Management Fee 0.47% 0.00% 1.25% 31.98%
12b-1 Fee 1.00% 0.00% 1.00% 97.37%
Administrative Fee N/A 0.01% 0.35% N/A

Sales Fees

MCYHX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 4.75% N/A
Deferred Load 1.00% 1.00% 5.50% 90.48%

Trading Fees

MCYHX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% 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.

MCYHX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 14.00% 5.10% 125.00% 28.50%

Distributions

MCYHX - Distributions

Dividend Yield Analysis

MCYHX Category Low Category High MCYHX % Rank
Dividend Yield 0.00% 0.00% 0.80% 94.42%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

MCYHX Category Low Category High MCYHX % Rank
Net Income Ratio 3.02% 1.99% 5.67% 85.42%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

MCYHX - Fund Manager Analysis

Managers

Theodore Jaeckel


Start Date

Tenure

Tenure Rank

Aug 01, 2006

13.76

13.8%

Jaeckel Jr. is managing director at BlackRock. He joined BlackRock following the merger with Merrill Lynch Investment Managers (MLIM) in 2006. He is a member of BlackRock's Fixed Income Portfolio Management Group. Prior to joining MLIM in 1990, he was a municipal bond trader with Chemical Bank. Jaeckel holds the Chartered Financial Analyst designation.

Walter O'Connor


Start Date

Tenure

Tenure Rank

Dec 06, 2006

13.41

13.4%

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

Feb 01, 2020

0.24

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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 28.35 6.95 0.44