C000032428 Performance — BlackRock High Yield Municipal Fund, Institutional Class
Data updated: 2025-03-27
C000032428 returned +8.20% over one year to Jan 2025. Annualised returns are +0.19% over 3 years and +1.66% over 5 years. The fund trailed its High Yield Bond category average: $100 invested three years ago grew to $101, against $111 for the category, and to $108 over one year, against $108. Volatility over the past three years was 10.77% a year. In the 12 months to Jan 2025 the fund lost a net $69.6M, and assets reached $1.56B.
C000032428 Growth of $100
What $100 invested in BlackRock High Yield Municipal Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the High Yield Bond category average over the same months.
| Period | C000032428 | Category average |
|---|---|---|
| 1 year (Feb 2024 – Jan 2025) | $108 | $108 |
| 3 years (Feb 2022 – Jan 2025) | $101 | $111 |
| 5 years (Feb 2020 – Jan 2025) | $109 | $120 |
| Since data start (Jul 2019 – Jan 2025) | $115 | $123 |
C000032428 Trailing Returns
Total returns to Jan 2025, from SEC N-PORT.
| Period | Total return |
|---|---|
| 1 year | +8.20% |
| 3 years (annualised) | +0.19% |
| 5 years (annualised) | +1.66% |
C000032428 Annual Returns
Calendar-year total returns of BlackRock High Yield Municipal Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2025 (Jan–Jan) | +1.02% |
| 2024 | +6.40% |
| 2023 | +7.10% |
| 2022 | −15.37% |
| 2021 | +9.21% |
| 2020 | +4.52% |
| 2019 (Jul–Dec) | +3.29% |
C000032428 Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | +1.0% | — | — | — | — | — | — | — | — | — | — | — |
| 2024 | −0.7% | +1.1% | +0.9% | −0.7% | +0.9% | +3.0% | +1.0% | +0.8% | +0.8% | −1.7% | +2.5% | −1.8% |
| 2023 | +4.2% | −2.9% | +1.6% | +0.2% | −0.8% | +0.2% | +0.5% | −2.0% | −4.0% | −1.9% | +9.0% | +3.5% |
| 2022 | −3.1% | −0.4% | −4.7% | −3.9% | +1.4% | −4.2% | +3.9% | −2.6% | −6.4% | −1.9% | +6.3% | −0.1% |
| 2021 | +2.6% | −1.2% | +1.2% | +1.6% | +1.5% | +1.7% | +1.4% | −0.5% | −0.8% | −0.4% | +1.5% | +0.4% |
| 2020 | +2.4% | +1.7% | −11.4% | −4.2% | +4.9% | +4.5% | +2.8% | −0.2% | +0.1% | −0.4% | +3.2% | +2.1% |
| 2019 | — | — | — | — | — | — | +0.7% | +2.0% | −0.4% | +0.1% | +0.3% | +0.5% |
C000032428 Risk
Risk measures from monthly returns over Feb 2022 – Jan 2025.
- 3-year volatility (annualised): 10.77%
- 3-year Sharpe ratio: -0.40 (vs 4.5% risk-free rate)
- Best month: +9.04% (Nov 2023)
- Worst month: −6.42% (Sep 2022)
C000032428 Fund Flows
Monthly money in and out of BlackRock High Yield Municipal Fund, from SEC Form N-PORT.
- 12-month net flow: −$69.6M
- 12-month gross sales (incl. reinvestments): $643.1M
- Sales ÷ redemptions: 0.90×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jan 2025 | $58.1M | $107.8M | −$49.6M |
| Dec 2024 | $61.6M | $67.9M | −$6.3M |
| Nov 2024 | $88.9M | $63.7M | $25.1M |
| Oct 2024 | $35.1M | $79.2M | −$44.1M |
| Sep 2024 | $40.8M | $44.2M | −$3.4M |
| Aug 2024 | $70.8M | $55.0M | $15.8M |
| Jul 2024 | $46.6M | $74.8M | −$28.2M |
| Jun 2024 | $40.0M | $32.0M | $7.9M |
| May 2024 | $54.5M | $35.5M | $19.0M |
| Apr 2024 | $36.9M | $59.5M | −$22.6M |
| Mar 2024 | $34.7M | $26.9M | $7.8M |
| Feb 2024 | $75.1M | $66.2M | $8.9M |
C000032428 Assets Under Management
Net assets of BlackRock High Yield Municipal Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2025-01-31 | $1.56B |
| 2024-10-31 | $1.58B |
| 2024-09-30 | $1.66B |
| 2024-06-30 | $1.65B |
| 2024-03-31 | $1.61B |
| 2023-12-31 | $1.53B |
| 2023-09-30 | $1.48B |
| 2023-06-30 | $1.73B |
| 2023-03-31 | $1.80B |
| 2022-12-31 | $1.75B |
| 2022-09-30 | $1.78B |
| 2022-06-30 | $1.92B |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.