BATS: High Income Municipal Series (BATEX)
10.12
0.00 (0.00%)
USD |
Jan 09 2026
Returns Chart
Key Stats
| Net Expense Ratio | Total Assets Under Management | Weighted Average Dividend Yield | Turnover Ratio (Generic) |
|---|---|---|---|
| 0.06% | 573.15M | -- | 23.00% |
| 1 Year Fund Level Flows | 1 Year Total Returns (Daily) | Annualized Total Returns Since Inception (Daily) | Max Drawdown (Since Inception) |
| 53.82M | 4.52% | Upgrade | Upgrade |
Basic Info
| Investment Strategy | |
| The Fund seeks to maximize Federal tax-free yield with a secondary goal of total return. The Fund seeks to provide investors with greater Federal tax-free income, in comparison with other municipal bond funds, by investing in a combination of investment grade and non-investment grade municipal bonds. |
| General | |
| Security Type | Mutual Fund |
| Equity Style | -- |
| Broad Asset Class | Municipal Bond |
| Broad Category | Fixed Income |
| Global Peer Group | Bond USD Municipal High Yield |
| Peer Group | High Yield Municipal Debt Funds |
| Global Macro | Bond High Yield |
| US Macro | National Municipal Debt Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | High Yield Municipal Debt Funds |
| Fund Owner Firm Name | BlackRock |
| Broad Asset Class Benchmark Index | |
| ^BBMBTR | 100.0% |
Net Fund Flows Versus Peer Group
1 Month
% Rank:
44
-707.71M
Peer Group Low
374.78M
Peer Group High
1 Year
% Rank:
43
53.82M
-2.613B
Peer Group Low
2.533B
Peer Group High
3 Months
% Rank:
23
-618.93M
Peer Group Low
674.11M
Peer Group High
3 Years
% Rank:
42
-5.900B
Peer Group Low
7.649B
Peer Group High
6 Months
% Rank:
34
-945.73M
Peer Group Low
2.164B
Peer Group High
5 Years
% Rank:
39
-6.006B
Peer Group Low
10.67B
Peer Group High
YTD
% Rank:
--
2.503M
Peer Group Low
2.503M
Peer Group High
10 Years
% Rank:
42
-4.816B
Peer Group Low
14.81B
Peer Group High
Date Unavailable
Risk
Performance Versus Peer Group
Annual Total Returns Versus Peers
As of January 12, 2026.
Asset Allocation
As of July 31, 2025.
| Type | % Net |
|---|---|
| Cash | -7.09% |
| Stock | 0.11% |
| Bond | 106.7% |
| Convertible | 0.00% |
| Preferred | 0.00% |
| Other | 0.26% |
Top 10 Holdings
| Name | % Weight | Price | % Change |
|---|---|---|---|
| ALLEN CNTY OHIO HOSP FACS REV OH 3.300 11/01/2050 | 3.02% | 100.00 | 0.00% |
| CALIFORNIA INFRASTRUCTURE & ECONOMIC DEV BK REV CA 12.000 01/01/2065 | 2.10% | -- | -- |
| PUERTO RICO COMWLTH PR 0.000 11/01/2051 | 1.87% | 59.25 | 0.00% |
| TENDER OPT BD TR RCPTS / CTFS VAR STS MA 12/01/2054 | 1.75% | -- | -- |
| TENDER OPT BD TR RCPTS / CTFS VAR STS NY 11/01/2050 | 1.35% | -- | -- |
| ESCAMBIA CNTY FLA SOLID WASTE DISP SYS REV FL 3.400 04/01/2039 | 1.06% | -- | -- |
| MOBILE CNTY ALA INDL DEV AUTH SOLID WASTE DISP REV AL 5.000 06/01/2054 | 0.99% | 96.18 | -0.15% |
| BUCKEYE OHIO TOB SETTLEMENT FING AUTH OH 5.000 06/01/2055 | 0.97% | 83.16 | 0.00% |
| MISSISSIPPI BUSINESS FIN CORP MISS GULF OPPORTUNITY ZONE INDL DEV REV MS 3.100 11/01/2035 | 0.97% | 100.00 | 0.00% |
| MARICOPA CNTY ARIZ INDL DEV AUTH EXEMPT FACS REV AZ 4.000 10/15/2047 | 0.96% | 85.53 | 0.01% |
Fees & Availability
| Fees | |
| Actual 12B-1 Fee | -- |
| Actual Management Fee | -- |
| Administration Fee | -- |
| Maximum Front Load | -- |
| Maximum Deferred Load | -- |
| Maximum Redemption Fee | -- |
| General Availability | |
| Available for Insurance Product | No |
| Available for RRSP | No |
| Purchase Details | |
| Open to New Investors |
|
| Minimum Initial Investment | 0.00 None |
| Minimum Subsequent Investment | 0.00 None |
Basic Info
| Investment Strategy | |
| The Fund seeks to maximize Federal tax-free yield with a secondary goal of total return. The Fund seeks to provide investors with greater Federal tax-free income, in comparison with other municipal bond funds, by investing in a combination of investment grade and non-investment grade municipal bonds. |
| General | |
| Security Type | Mutual Fund |
| Equity Style | -- |
| Broad Asset Class | Municipal Bond |
| Broad Category | Fixed Income |
| Global Peer Group | Bond USD Municipal High Yield |
| Peer Group | High Yield Municipal Debt Funds |
| Global Macro | Bond High Yield |
| US Macro | National Municipal Debt Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | High Yield Municipal Debt Funds |
| Fund Owner Firm Name | BlackRock |
| Broad Asset Class Benchmark Index | |
| ^BBMBTR | 100.0% |
Fundamentals
| General | |
| Distribution Yield | -- |
| Dividend Yield TTM (1-9-26) | 4.98% |
| 30-Day SEC Yield (2-29-24) | 4.63% |
| 7-Day SEC Yield | -- |
| Number of Holdings | 10 |
| Bond | |
| Yield to Maturity (7-31-25) | 5.63% |
| Effective Duration | -- |
| Average Coupon | 5.34% |
| Calculated Average Quality | 3.272 |
| Effective Maturity | 17.90 |
| Nominal Maturity | 23.17 |
| Number of Bond Holdings | 9 |
As of July 31, 2025
Fund Details
| Key Dates | |
| Inception Date | 8/4/2014 |
| Attributes | |
| Inverse Fund | No |
| Leveraged Fund | -- |
| Currency Hedged Fund | -- |
| Socially Responsible Fund | No |
Top Portfolio Holders
| Name | % Weight |
|---|---|
| Portfolio A | 5.00% |
| Portfolio B | 3.50% |
| Portfolio C | 2.25% |
Excel Add-In Codes
| Name: =YCI("M:BATEX", "name") |
| Broad Asset Class: =YCI("M:BATEX", "broad_asset_class") |
| Broad Category: =YCI("M:BATEX", "broad_category_group") |
| Prospectus Objective: =YCI("M:BATEX", "prospectus_objective") |
| To find the codes for any of our securities and financial metrics, see our Complete Excel Reference. |