BATS: High Income Municipal Series (BATEX)
10.02
+0.06
(+0.60%)
USD |
May 26 2026
Returns Chart
Key Stats
| Net Expense Ratio | Total Assets Under Management | Weighted Average Dividend Yield | Turnover Ratio (Generic) |
|---|---|---|---|
| 0.06% | 647.75M | -- | 23.00% |
| 1 Year Fund Level Flows | 1 Year Total Returns (Daily) | Annualized Total Returns Since Inception (Daily) | Max Drawdown (Since Inception) |
| 130.02M | 6.95% |
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:
20
-447.19M
Peer Group Low
391.76M
Peer Group High
1 Year
% Rank:
37
130.02M
-1.909B
Peer Group Low
2.560B
Peer Group High
3 Months
% Rank:
24
-444.70M
Peer Group Low
760.98M
Peer Group High
3 Years
% Rank:
40
-6.670B
Peer Group Low
6.954B
Peer Group High
6 Months
% Rank:
27
-871.28M
Peer Group Low
1.455B
Peer Group High
5 Years
% Rank:
37
-7.935B
Peer Group Low
10.29B
Peer Group High
YTD
% Rank:
32
-332.34M
Peer Group Low
931.64M
Peer Group High
10 Years
% Rank:
42
-4.571B
Peer Group Low
14.58B
Peer Group High
Date Unavailable
Risk
Performance Versus Peer Group
Annual Total Returns Versus Peers
As of May 27, 2026.
Asset Allocation
As of November 30, 2025.
| Type | % Net |
|---|---|
| Cash | -6.57% |
| Stock | 0.06% |
| Bond | 106.5% |
| Convertible | 0.00% |
| Preferred | 0.00% |
| Other | 0.00% |
Top 10 Holdings
| Name | % Weight | Price | % Change |
|---|---|---|---|
| PUERTO RICO COMWLTH PR 0.000 11/01/2051 | 2.12% | 62.62 | 0.00% |
| TENDER OPT BD TR RCPTS / CTFS VAR STS MA 12/01/2054 | 1.55% | -- | -- |
| CALIFORNIA INFRASTRUCTURE & ECONOMIC DEV BK REV CA 12.000 01/01/2065 | 1.40% | 57.30 | 0.29% |
| TENDER OPT BD TR RCPTS / CTFS VAR STS NY 11/01/2050 | 1.23% | -- | -- |
| BUCKEYE OHIO TOB SETTLEMENT FING AUTH OH 5.000 06/01/2055 | 1.03% | 79.14 | 0.41% |
| PUERTO RICO COMWLTH PR 0.000 11/01/2051 | 0.99% | 32.25 | 0.00% |
| TEXAS ST TX 1.380 04/01/2036 | 0.90% | 100.00 | 0.00% |
| MOBILE CNTY ALA INDL DEV AUTH SOLID WASTE DISP REV AL 5.000 06/01/2054 | 0.88% | 97.08 | 0.89% |
| CHICAGO ILL BRD ED IL 5.750 12/01/2050 | 0.87% | 100.23 | 0.59% |
| GOLDEN ST TOB SECURITIZATION CORP CALIF TOB SETTLEMENT REV CA 0.000 06/01/2066 | 0.85% | 10.08 | 3.64% |
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 (5-22-26) | 5.11% |
| 30-Day SEC Yield (2-29-24) | 4.63% |
| 7-Day SEC Yield | -- |
| Number of Holdings | 10 |
| Bond | |
| Yield to Maturity (11-30-25) | 4.80% |
| Effective Duration | -- |
| Average Coupon | 4.98% |
| Calculated Average Quality | 3.202 |
| Effective Maturity | 18.03 |
| Nominal Maturity | 23.13 |
| Number of Bond Holdings | 10 |
As of November 30, 2025
Fund Details
| Key Dates | |
| Inception Date | 8/4/2014 |
| Last Annual Report Date | 3/31/2025 |
| Last Prospectus Date | 10/1/2025 |
| Attributes | |
| Index Fund | -- |
| Inverse Fund | No |
| Leveraged Fund | -- |
| Fund of Funds | No |
| 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. |