BlackRock MuniHoldings Fund (MHD)

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BlackRock MuniHoldings Fund (MHD) is up 2.4% since the beginning of the year. MHD is currently trading at $12 per share. Investors who bought $1,000 worth of MHD shares 5 years ago would now be looking at an investment worth $907.

BlackRock MuniHoldings Fund (MHD) has returned 2.38% so far this year and 11.27% over the past 12 months. Over the last ten years, MHD has returned 0.59% per year, falling short of the S&P 500 Index benchmark, which averaged 13.75% annually.

Based on dividend-adjusted daily data since May 27, 1997, MHD's average daily return is +0.02%, while the average monthly return is +0.45%. At this rate, an investment would double in approximately 12.9 years.

Historically, 58% of months were positive and 42% were negative. The best month was Jan 2009 with a return of +19.7%, while the worst month was Sep 2008 at -18.4%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 8 months.

On a daily basis, MHD closed higher 50% of trading days. The best single day was Oct 13, 2008 with a return of +21.0%, while the worst single day was Oct 9, 2008 at -12.1%.

BlackRock MuniHoldings Fund has an annualized alpha of 4.03%, beta of 0.16, and R2 of 0.05 versus S&P 500 Index. Calculated based on daily prices since May 28, 1997.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (25.64%) than losses (19.95%) - typical of diversified or defensive assets.
• Beta of 0.16 may look defensive, but with R2 of 0.05 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.05 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

MHD has a high expense ratio of 2.14%, indicating above-average management fees.

MHD ranks 27 for risk / return — below 27% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.

The table below present risk-adjusted performance metrics for BlackRock MuniHoldings Fund (MHD) and compare them to S&P 500 Index.

BlackRock MuniHoldings Fund provided a 6.09% dividend yield over the last twelve months, with an annual payout of $0.71 per share. The fund has been increasing its distributions for 2 consecutive years.

The table displays the monthly dividend distributions for BlackRock MuniHoldings Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

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.

The table below displays the maximum drawdowns of the BlackRock MuniHoldings 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 MuniHoldings Fund was 45.95%, occurring on Dec 16, 2008. Recovery took 180 trading sessions.

The current BlackRock MuniHoldings Fund drawdown is 13.54%.

The chart below shows the rolling one-month volatility.