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BlackRock High Yield Municipal Instl (MAYHX)

8.86 0.00 (0.00%)
At close: 8:01 PM EDT

Fund Summary

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.

BlackRock High Yield Municipal Instl

WILMINGTON DE 19809
100 Bellevue Parkway

Fund Overview

Category High Yield Muni
Fund Family BlackRock
Net Assets 1.61B
YTD Return 1.39%
Yield 4.12%
Morningstar Rating
Inception Date Aug 01, 2006

Fund Operations

Last Dividend 0.09
Last Cap Gain -14.00
Holdings Turnover 63.00%
Average for Category --

Fees & Expenses

Expense MAYHX Category Average
Annual Report Expense Ratio (net) 1.66% 0.92%
Prospectus Net Expense Ratio 1.66% --
Prospectus Gross Expense Ratio 1.74% --
Max 12b1 Fee -- --
Max Front End Sales Load -- 3.71%
Max Deferred Sales Load -- 1.38%
3 Yr Expense Projection 0 --
5 Yr Expense Projection 0 --
10 Yr Expense Projection 0 --

Management Information

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.

Morningstar Style Box

Morningstar Category

While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk, and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. When necessary, we may change a category assignment based on recent changes to the portfolio.

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