MCYHX: BlackRock High Yield Municipal Inv C

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MCYHX BlackRock High Yield Municipal Inv C

  • Fund
  • MCYHX
  • Price as of: Oct 15, 2019
  • $10.04 - $0.00 - 0.00%

MCYHX - Profile

Vitals

  • YTD Return 6.0%
  • 3 Yr Annualized Return 0.9%
  • 5 Yr Annualized Return 1.4%
  • Net Assets $1.3 B
  • Holdings in Top 10 9.9%

52 WEEK LOW AND HIGH

$10.04
$9.39
$10.10

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

PRIMARY CATEGORY

  • Fund Type Open End Mutual Fund
  • Investment Style High Yield Muni

Distributions

  • YTD Total Return 6.0%
  • 3 Yr Annualized Total Return 0.9%
  • 5 Yr Annualized Total Return 1.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.02%
DIVIDENDS
  • Dividend Yield 1.5%
  • 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 R. 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.

MCYHX - Performance

Return Ranking - Trailing

Period MCYHX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.0% 0.6% 8.8% 29.69%
1 Yr 6.4% 0.3% 12.1% 35.38%
3 Yr 0.9%* -1.7% 7.7% 43.98%
5 Yr 1.4%* -1.2% 8.1% 33.56%
10 Yr 2.0%* -0.4% 7.5% 20.39%

* Annualized


Return Ranking - Calendar

Period MCYHX Return Category Return Low Category Return High Rank in Category (%)
2018 -2.0% -5.7% 9.2% 37.43%
2017 4.5% -9.7% 8.6% 31.88%
2016 -3.0% -6.1% -0.8% 49.02%
2015 1.0% -5.6% 2.9% 17.65%
2014 12.6% 2.9% 83.0% 6.15%

Total Return Ranking - Trailing

Period MCYHX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.0% 0.6% 9.6% 32.29%
1 Yr 6.4% 0.3% 12.1% 35.38%
3 Yr 0.9%* -1.7% 7.7% 46.99%
5 Yr 1.4%* -1.2% 8.1% 36.99%
10 Yr 2.0%* -0.4% 7.5% 24.27%

* Annualized


Total Return Ranking - Calendar

Period MCYHX Return Category Return Low Category Return High Rank in Category (%)
2018 -2.0% -5.7% 9.2% 40.22%
2017 4.6% -9.7% 8.8% 35.00%
2016 -3.0% -6.1% 1.0% 50.98%
2015 1.0% -5.6% 5.3% 19.12%
2014 12.7% 2.9% 83.0% 10.00%

NAV & Total Return History

MCYHX - Holdings

Concentration Analysis

MCYHX Category Low Category High MCYHX % Rank
Net Assets 1.3 B 13 M 21.6 B 41.33%
Number of Holdings 641 6 3616 31.98%
Net Assets in Top 10 131 M -42.3 M 2.21 B 48.22%
Weighting of Top 10 9.94% 4.8% 98.8% 80.71%

Top 10 Holdings

  1. ARKANSAS ST DEV FIN AUTH INDL DEV REV 4.5% 1.33%

  2. TENDER OPT BD TR RCPTS / CTFS VAR STS 8.04% 1.19%

  3. SOUTH CAROLINA ST PUB SVCS AUTH REV 5% 1.15%

  4. VanEck Vectors High-Yield Municipal ETF 1.11%

  5. PUERTO RICO SALES TAX FING CORP SALES TAX REV 5% 1.04%

  6. TOBACCO SETTLEMENT FING CORP N J 5% 0.89%

  7. BUCKEYE OHIO TOB SETTLEMENT FING AUTH 5.88% 0.82%

  8. TEXAS PRIVATE ACTIVITY BD SURFACE TRANSN CORP REV 5% 0.82%

  9. OHIO ST AIR QUALITY DEV AUTH EXEMPT FACS REV 5% 0.81%

  10. TARRANT CNTY TEX CULTURAL ED FACS FIN CORP REV 5% 0.80%


Asset Allocation

Weighting Return Low Return High MCYHX % Rank
Bonds
93.40% 92.43% 144.77% 97.97%
Cash
6.60% -3.98% 7.57% 4.06%
Stocks
0.00% 0.00% 0.58% 84.26%
Preferred Stocks
0.00% -44.89% 0.40% 81.73%
Other
0.00% -0.41% 1.04% 84.26%
Convertible Bonds
0.00% 0.00% 0.01% 82.23%

Bond Sector Breakdown

Weighting Return Low Return High MCYHX % Rank
Municipal
93.40% 92.43% 144.05% 97.97%
Cash & Equivalents
6.60% -3.51% 7.36% 3.55%
Derivative
0.00% -0.11% 0.05% 80.20%
Securitized
0.00% 0.00% 0.02% 82.23%
Corporate
0.00% -44.89% 6.89% 86.29%
Government
0.00% -5.20% 4.94% 67.51%

Bond Geographic Breakdown

Weighting Return Low Return High MCYHX % Rank
US
85.33% 83.19% 139.64% 96.95%
Non US
8.07% 0.00% 13.99% 20.81%

MCYHX - Expenses

Operational Fees

MCYHX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.74% 0.21% 3.71% 12.57%
Management Fee 0.47% 0.00% 1.32% 28.93%
12b-1 Fee 1.00% 0.00% 1.00% 94.92%
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% 79.55%

Trading Fees

MCYHX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.75% 2.00% N/A

Turnover 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% 1.00% 280.00% 14.29%

MCYHX - Distributions

Dividend Yield Analysis

MCYHX Category Low Category High MCYHX % Rank
Dividend Yield 1.48% 0.00% 19739.42% 68.53%

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

MCYHX Category Low Category High MCYHX % Rank
Net Income Ratio 3.02% 1.46% 6.17% 87.96%

Capital Gain Distribution Analysis

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

MCYHX - Managers

Theodore R. Jaeckel

Manager

Start Date

Tenure

Tenure Rank

Aug 01, 2006

13.17

13.2%

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

Manager

Start Date

Tenure

Tenure Rank

Dec 06, 2006

12.82

12.8%

O’Connor, CFA, is Managing Director of BlackRock, Inc. since 2006. He is Managing Director of MLIM from 2003 to 2006 and Director (Municipal Tax-Exempt Fund Management) of MLIM from 2000 to 2003.


Tenure Analysis

Category Low

0.17

Category High

27.77

Category Average

7.46

Category Mode

3.5