BATS: High Income Municipal Series (BATEX)
10.07
+0.01
(+0.10%)
USD |
Dec 15 2025
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) |
| 69.27M | 1.97% | 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 |
| 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:
14
-270.71M
Peer Group Low
162.98M
Peer Group High
1 Year
% Rank:
37
69.27M
-2.613B
Peer Group Low
3.207B
Peer Group High
3 Months
% Rank:
28
-261.58M
Peer Group Low
690.83M
Peer Group High
3 Years
% Rank:
36
-5.900B
Peer Group Low
7.658B
Peer Group High
6 Months
% Rank:
29
-945.73M
Peer Group Low
2.118B
Peer Group High
5 Years
% Rank:
41
-6.006B
Peer Group Low
10.51B
Peer Group High
YTD
% Rank:
38
-1.899B
Peer Group Low
2.815B
Peer Group High
10 Years
% Rank:
42
-4.788B
Peer Group Low
14.65B
Peer Group High
Date Unavailable
Risk
Performance Versus Peer Group
Annual Total Returns Versus Peers
As of December 16, 2025.
Asset Allocation
As of June 30, 2025.
| Type | % Net |
|---|---|
| Cash | -7.02% |
| Stock | 0.10% |
| 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 3.050 11/01/2050 | 3.23% | 100.00 | 0.00% |
| CALIFORNIA INFRASTRUCTURE & ECONOMIC DEV BK REV CA 9.500 01/01/2065 | 3.04% | 76.84 | 0.01% |
| PUERTO RICO COMWLTH PR 0.000 11/01/2051 | 1.94% | 58.25 | 0.00% |
| TENDER OPT BD TR RCPTS / CTFS VAR STS MA 12/01/2054 | 1.87% | -- | -- |
| TENDER OPT BD TR RCPTS / CTFS VAR STS NY 11/01/2050 | 1.49% | -- | -- |
| MISSISSIPPI BUSINESS FIN CORP MISS GULF OPPORTUNITY ZONE INDL DEV REV MS 3.000 11/01/2035 | 1.13% | 100.00 | 0.00% |
| MOBILE CNTY ALA INDL DEV AUTH SOLID WASTE DISP REV AL 5.000 06/01/2054 | 1.05% | 96.05 | 0.00% |
| MARICOPA CNTY ARIZ INDL DEV AUTH EXEMPT FACS REV AZ 4.000 10/15/2047 | 1.02% | 84.88 | 0.01% |
| TENDER OPT BD TR RCPTS / CTFS VAR STS DC 06/01/2050 | 1.00% | -- | -- |
| NEW YORK TRANSN DEV CORP SPL FAC REV NY 6.000 06/30/2054 | 0.98% | 103.82 | -0.00% |
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 |
| 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 (12-12-25) | 4.97% |
| 30-Day SEC Yield (2-29-24) | 4.63% |
| 7-Day SEC Yield | -- |
| Number of Holdings | 10 |
| Bond | |
| Yield to Maturity (6-30-25) | 5.63% |
| Effective Duration | -- |
| Average Coupon | 5.41% |
| Calculated Average Quality | 3.355 |
| Effective Maturity | 17.84 |
| Nominal Maturity | 23.65 |
| Number of Bond Holdings | 10 |
As of June 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 | -- |
| Synthetic Replication 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. |