- What does MAYHX invest in?
- This fund primarily focuses on municipal debt, dedicating a minimum of 80% of its total assets to these securities. It has the flexibility to invest in municipal bonds across the entire credit rating spectrum, including those without an official rating. Notably, at least 65% of its net assets are specifically channeled into municipal bonds that one or more independent rating agencies classify as medium to lower credit quality. Furthermore, the fund is authorized to allocate up to 10% of its holdings to distressed municipal securities.
- What is the expense ratio of MAYHX?
- An expense ratio for BlackRock High Yield Municipal Fund (MAYHX) is not available from our data sources — neither our market-data feed nor the SEC's structured prospectus and annual-report datasets report one for this share class. The fund's prospectus on the issuer's site carries the authoritative fee.
- What is the duration of MAYHX?
- Effective duration measures MAYHX's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. MAYHX's current duration is published on the fund's factsheet on the issuer's website.
- What is the credit quality of MAYHX?
- MAYHX's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.
- What is the yield to maturity of MAYHX?
- Yield to maturity (YTM) is the total return you'd earn from MAYHX if every bond in the portfolio is held to maturity at the current price. MAYHX's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.
- How big is MAYHX?
- BlackRock High Yield Municipal Fund (MAYHX) manages $751.7M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.
