BATS: High Income Municipal Series (BATEX)
9.70
+0.02
(+0.21%)
USD |
Sep 11 2026
Returns Chart
Key Stats
| Net Expense Ratio | Total Assets Under Management | Weighted Average Dividend Yield | Turnover Ratio (Generic) |
|---|---|---|---|
| 0.16% | 704.02M | -- | 36.00% |
| 1 Year Fund Level Flows | 1 Year Total Returns (Daily) | Annualized Total Returns Since Inception (Daily) | Max Drawdown (Since Inception) |
| 229.19M | 1.34% |
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:
40
-152.26M
Peer Group Low
200.46M
Peer Group High
1 Year
% Rank:
28
229.19M
-1.158B
Peer Group Low
2.261B
Peer Group High
3 Months
% Rank:
31
-313.41M
Peer Group Low
507.46M
Peer Group High
3 Years
% Rank:
30
-6.234B
Peer Group Low
7.040B
Peer Group High
6 Months
% Rank:
30
-999.24M
Peer Group Low
1.232B
Peer Group High
5 Years
% Rank:
28
-9.920B
Peer Group Low
9.387B
Peer Group High
YTD
% Rank:
31
-475.95M
Peer Group Low
1.400B
Peer Group High
10 Years
% Rank:
38
-4.775B
Peer Group Low
13.87B
Peer Group High
Date Unavailable
Risk
Performance Versus Peer Group
Annual Total Returns Versus Peers
As of September 12, 2026.
Asset Allocation
As of March 31, 2026.
| Type | % Net |
|---|---|
| Cash | -5.34% |
| Stock | 0.07% |
| Bond | 105.3% |
| 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 | 2.25% | 64.75 | 0.00% |
| CALIFORNIA INFRASTRUCTURE & ECONOMIC DEV BK REV CA 12.000 01/01/2065 | 1.45% | 60.74 | 0.20% |
| TENDER OPT BD TR RCPTS / CTFS VAR STS MA 12/01/2054 | 1.37% | -- | -- |
| PUERTO RICO COMWLTH PR 0.000 11/01/2051 | 1.19% | 33.12 | 0.00% |
| GOLDEN ST TOB SECURITIZATION CORP CALIF TOB SETTLEMENT REV CA 0.000 06/01/2066 | 1.18% | 8.951 | 1.60% |
| TENDER OPT BD TR RCPTS / CTFS VAR STS NY 11/01/2050 | 1.09% | -- | -- |
| MISSISSIPPI BUSINESS FIN CORP MISS GULF OPPORTUNITY ZONE INDL DEV REV MS 3.050 11/01/2035 | 0.98% | 100.00 | 0.00% |
| INDIANA FIN AUTH HEALTH SYS REV IN 2.950 11/01/2056 | 0.98% | 100.00 | 0.00% |
| MOBILE CNTY ALA INDL DEV AUTH SOLID WASTE DISP REV AL 5.000 06/01/2054 | 0.85% | 94.28 | 0.73% |
| NEW YORK ST TWY AUTH ST PERS INCOME TAX REV NY 5.000 09/15/2050 | 0.83% | 99.15 | 0.56% |
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 |
TTM Distributions
| Type | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Qualified Income
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Normal
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Qualified
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
LT Cap Gains
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Ordinary Income
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Non-Qual
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
ST Cap Gains
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Interest
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Tax-Exempt
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
ROC
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Other
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Total
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
As of August 31, 2026.
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 (9-11-26) | 5.24% |
| 30-Day SEC Yield (2-29-24) | 4.63% |
| 7-Day SEC Yield | -- |
| Number of Holdings | 10 |
| Bond | |
| Yield to Maturity (3-31-26) | 5.03% |
| Effective Duration | -- |
| Average Coupon | 5.16% |
| Calculated Average Quality | 3.290 |
| Effective Maturity | 17.76 |
| Nominal Maturity | 22.95 |
| Number of Bond Holdings | 10 |
As of March 31, 2026
Fund Details
| Key Dates | |
| Inception Date | 8/4/2014 |
| Last Annual Report Date | 3/31/2026 |
| Last Prospectus Date | 7/29/2026 |
| 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. |