BlackRock High Yield Municipal Fund (MAYHX)
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.
Fund Info
US09253C7699
09253C769
Jul 31, 2006
$2,000,000
Expense Ratio
MAYHX features an expense ratio of 0.59%, falling within the medium range.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in BlackRock High Yield Municipal Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
BlackRock High Yield Municipal Fund had a return of 1.32% year-to-date (YTD) and 8.17% in the last 12 months. Over the past 10 years, BlackRock High Yield Municipal Fund had an annualized return of 3.75%, while the S&P 500 had an annualized return of 11.26%, indicating that BlackRock High Yield Municipal Fund did not perform as well as the benchmark.
MAYHX
1.32%
1.43%
1.14%
8.17%
1.57%
3.75%
^GSPC (Benchmark)
4.01%
1.13%
9.82%
22.80%
12.93%
11.26%
Monthly Returns
The table below presents the monthly returns of MAYHX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.66% | 1.32% | |||||||||||
| 2024 | -0.66% | 1.15% | 0.91% | -0.66% | 0.91% | 3.05% | 1.01% | 0.79% | 0.79% | -1.70% | 2.55% | -1.78% | 6.42% |
| 2023 | 4.15% | -2.87% | 1.60% | 0.22% | -0.79% | 0.23% | 0.47% | -2.04% | -3.97% | -1.95% | 9.05% | 3.48% | 7.11% |
| 2022 | -3.13% | -0.41% | -4.71% | -3.91% | 1.37% | -4.16% | 3.87% | -2.60% | -6.42% | -1.89% | 6.30% | -0.11% | -15.35% |
| 2021 | 2.58% | -1.19% | 1.16% | 1.64% | 1.51% | 1.68% | 1.37% | -0.51% | -0.79% | -0.40% | 1.48% | 0.14% | 8.92% |
| 2020 | 2.39% | 1.75% | -11.36% | -4.25% | 4.91% | 4.48% | 2.82% | -0.20% | 0.11% | -0.40% | 3.23% | 2.13% | 4.55% |
| 2019 | 0.46% | 1.09% | 2.13% | 0.84% | 1.45% | 0.41% | 0.72% | 2.03% | -0.39% | 0.11% | 0.30% | 0.50% | 10.04% |
| 2018 | -0.48% | -0.17% | 0.67% | -0.07% | 1.19% | 0.23% | 0.33% | 0.54% | -0.40% | -0.92% | 0.35% | 0.88% | 2.17% |
| 2017 | 0.79% | 1.23% | 0.58% | 0.90% | 1.73% | 0.14% | 0.67% | 0.87% | 0.14% | 0.13% | 0.14% | 1.39% | 9.03% |
| 2016 | 1.08% | 0.04% | 1.29% | 1.16% | 1.04% | 2.16% | 0.02% | 0.52% | -0.37% | -1.36% | -5.70% | 1.37% | 1.03% |
| 2015 | 1.94% | -0.69% | 0.28% | -0.39% | -0.16% | -0.49% | 0.70% | 0.16% | 1.02% | 0.90% | 0.90% | 1.22% | 5.49% |
| 2014 | 3.45% | 1.92% | 1.20% | 2.07% | 2.15% | 0.14% | 0.37% | 1.70% | 0.67% | 0.98% | 0.68% | 1.24% | 17.86% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 79, MAYHX is among the top 21% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for BlackRock High Yield Municipal Fund (MAYHX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
BlackRock High Yield Municipal Fund provided a 3.81% dividend yield over the last twelve months, with an annual payout of $0.35 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.35 | $0.38 | $0.37 | $0.34 | $0.32 | $0.36 | $0.38 | $0.39 | $0.40 | $0.40 | $0.41 | $0.41 |
Dividend yield | 3.81% | 4.20% | 4.11% | 3.93% | 3.01% | 3.58% | 3.75% | 4.15% | 4.13% | 4.30% | 4.33% | 4.34% |
Monthly Dividends
The table displays the monthly dividend distributions for BlackRock High Yield Municipal Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.00 | ||||||||||
| 2024 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.38 |
| 2023 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.37 |
| 2022 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.34 |
| 2021 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.32 |
| 2020 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.36 |
| 2019 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.38 |
| 2018 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.39 |
| 2017 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.40 |
| 2016 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.40 |
| 2015 | $0.03 | $0.03 | $0.04 | $0.03 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.03 | $0.03 | $0.04 | $0.41 |
| 2014 | $0.04 | $0.04 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.04 | $0.41 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the BlackRock High Yield Municipal Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the BlackRock High Yield Municipal Fund was 34.02%, occurring on Dec 15, 2008. Recovery took 400 trading sessions.
The current BlackRock High Yield Municipal Fund drawdown is 2.43%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -34.02% | Mar 6, 2007 | 449 | Dec 15, 2008 | 400 | Jul 20, 2010 | 849 |
| -21.11% | Aug 3, 2021 | 312 | Oct 26, 2022 | — | — | — |
| -19.35% | Mar 2, 2020 | 16 | Mar 23, 2020 | 189 | Dec 18, 2020 | 205 |
| -14.26% | May 3, 2013 | 87 | Sep 5, 2013 | 225 | Jul 29, 2014 | 312 |
| -10.23% | Oct 26, 2010 | 58 | Jan 18, 2011 | 135 | Aug 1, 2011 | 193 |
Volatility
Volatility Chart
The current BlackRock High Yield Municipal Fund volatility is 0.68%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.