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BlackRock High Yield Municipal Instl MAYHX Fund Analysis

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Morningstar’s Analysis MAYHX

Will MAYHX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable MAYHX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the MAYHX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of MAYHX’s parent organization’s priorities and whether they’re in line with investors’ interests.

BlackRock High Yield Municipal Converting From Open-End to Exchange-Traded Fund in Early 2025

null Elizabeth Foos

Elizabeth Foos

Analyst Note

BlackRock High Yield Municipal, which currently operates as an open-end mutual fund, will on Feb. 7, 2025, reorganize into the iShares High Yield Muni Active ETF, a newly created active ETF. After the reorganization, BlackRock will liquidate the open-end vehicle. This reorganization should lower net expenses and add trading flexibility and increased portfolio holdings transparency. There are, however, no expected changes to the team, investment objectives, or the fundamental investment policies of the strategy. Thus, the strategy’s Average People and Above Average Process ratings remain unchanged.

by Elizabeth Foos
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