BATS: High Income Municipal Series (BATEX)
10.11
+0.01
(+0.10%)
USD |
Feb 10 2026
Returns Chart
Key Stats
| Net Expense Ratio | Total Assets Under Management | Weighted Average Dividend Yield | Turnover Ratio (Generic) |
|---|---|---|---|
| 0.06% | 605.87M | -- | 23.00% |
| 1 Year Fund Level Flows | 1 Year Total Returns (Daily) | Annualized Total Returns Since Inception (Daily) | Max Drawdown (Since Inception) |
| 76.18M | 2.94% |
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:
33
-153.25M
Peer Group Low
258.67M
Peer Group High
1 Year
% Rank:
40
76.18M
-2.613B
Peer Group Low
2.499B
Peer Group High
3 Months
% Rank:
27
-557.65M
Peer Group Low
693.94M
Peer Group High
3 Years
% Rank:
41
-5.900B
Peer Group Low
7.422B
Peer Group High
6 Months
% Rank:
34
-945.73M
Peer Group Low
2.255B
Peer Group High
5 Years
% Rank:
37
-6.006B
Peer Group Low
10.86B
Peer Group High
YTD
% Rank:
35
-132.82M
Peer Group Low
258.67M
Peer Group High
10 Years
% Rank:
41
-4.771B
Peer Group Low
15.04B
Peer Group High
Date Unavailable
Risk
Performance Versus Peer Group
Annual Total Returns Versus Peers
As of February 11, 2026.
Asset Allocation
As of August 31, 2025.
| Type | % Net |
|---|---|
| Cash | -7.62% |
| Stock | 0.13% |
| Bond | 107.5% |
| 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 | 2.26% | 60.88 | 0.00% |
| CALIFORNIA INFRASTRUCTURE & ECONOMIC DEV BK REV CA 12.000 01/01/2065 | 1.88% | -- | -- |
| TENDER OPT BD TR RCPTS / CTFS VAR STS MA 12/01/2054 | 1.72% | -- | -- |
| TENDER OPT BD TR RCPTS / CTFS VAR STS NY 11/01/2050 | 1.37% | -- | -- |
| ALLEN CNTY OHIO HOSP FACS REV OH 2.150 11/01/2050 | 1.30% | 100.00 | 0.00% |
| ESCAMBIA CNTY FLA SOLID WASTE DISP SYS REV FL 2.250 04/01/2039 | 1.07% | -- | -- |
| BUCKEYE OHIO TOB SETTLEMENT FING AUTH OH 5.000 06/01/2055 | 1.01% | 83.82 | 1.89% |
| MARICOPA CNTY ARIZ INDL DEV AUTH EXEMPT FACS REV AZ 4.000 10/15/2047 | 0.97% | 87.22 | 0.14% |
| MOBILE CNTY ALA INDL DEV AUTH SOLID WASTE DISP REV AL 5.000 06/01/2054 | 0.96% | 98.21 | 0.34% |
| 02/15/2052 | 0.93% | -- | -- |
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 (2-9-26) | 5.01% |
| 30-Day SEC Yield (2-29-24) | 4.63% |
| 7-Day SEC Yield | -- |
| Number of Holdings | 10 |
| Bond | |
| Yield to Maturity (8-31-25) | 5.46% |
| Effective Duration | -- |
| Average Coupon | 5.39% |
| Calculated Average Quality | 3.323 |
| Effective Maturity | 17.96 |
| Nominal Maturity | 23.12 |
| Number of Bond Holdings | 9 |
As of August 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. |