CEF Advisors

7204 Glen Forest Drive, Suite #105 Richmond, Virginia 23226 USA   ♦   Toll-Free: (800) 356-3508 / Local: (804) 288-2482    ♦   www.CEFadvisors.com   ♦   Contact@CEFadvisors.com

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BR MuniYld Inv Qlty Fd (MFT)

National Muni Bond Funds - National Municipal (tax-free) Bond

Data as of Nov. 15, 2018
Market Price $12.06 (- $0.05)
NAV (Nov. 15, 2018) $13.43 (+ $0.02)
Premium / Discount -10.20% (-0.51%)
Fund Info
Inception Oct. 30, 1992
Sponsor BlackRock Advisors
Website www.blackrock.com/inve...
Phone 1-800-882-0052
Objective: High current income exempt from federal income taxes; Long-term, investment grade municipal obligations
Capital & Leverage
Outstanding Shares 8,477,033
Gross Assets (Reported: July 31, 2018) $205M
Estimated Gross Assets $158M
Net Assets $114M
Market Cap $102M
Purchases Turnover 31.78%
Sales Turnover 29.49%
Total Leverage 42.23%
Structural Leverage (out of total) 66.71%
Portfolio Leverage (out of total) 33.29%
Expense Ratio 2.47%
Non Lev Exp Ratio 1.03%
Rel Lev Cost 1.96%
Discount Data
Average Discount (3 Yr) -3.91%
Discount Low(3 Yr) -11.84%
Discount High(3 Yr) 5.48%
Discount Rel Range 12.38%
Comp Discount -1.36
Discount St Dev (1Yr) 2.41
Z-Stat (6mo) -0.97
Z-Stat (1Yr) -1.45
Z-Stat (3Yr) -1.80
Comp Z-Stat (6mo) -0.73
Comp Z-Stat (3Yr) -0.52
Distribution Data
Market Yield 5.87%
Income Yield 5.87%
Lev Adj NAV Yield 3.71%
Distribution Frequency M
Current Distribution $0.059
Current Income $0.059
Ex-Date 11/14/18
Payable Date 12/3/18
Div Growth (3yr) -16.90%
Dividend Change -11.9% on 7/2/18
Expected Div 12/3/18
RoC (1yr) 0.00%
RoC (3yr) 0.00%
Volume & Liquidity
Average Daily $ (M) $241
Avg Volume 30 day 29,143
Avg Volume 90 day 20,016
Volume Trend 45.60%
Comp Volume Trend 31.58%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
Price Correlation (1yr)
vs. CEFA's National Municipal Bond Index
Most Correlated Peer (Mk Pr): NEA 79.0%
NAV - Price Correlation (30 d) 16.2%
NAV - Price Correlation (90 d) 97.4%
NAV - Price Correlation (1 Yr) 97.7%
Price St Dev (1Yr) 7.5%
NAV St Dev (1Yr) 2.6%
Earnings / Share (9/30/18) $0.059
Earn Coverage 100.51%
Earnings Trend Down
UNII / Share (9/30/18) $0.076
Rel UNII 10.78
UNII Trend Down
Bond Specific Data
Maturity 20.00
Duration 7.96
Credit Rating (rbo) AA
Investment Grade 98.85%
Non Investment Grade 1.16%
Unrated Bonds 0.00%
Average Bond Price 92.40
Discount vs Price -17.80
Coupon 5.65%
Zero Coupon 0.11%
AMT 18.21%
AMT Yield 5.57%
Bond Calls Risk 16.37%
NAV Beta (2yr)
vs. S&P 500 (TR)
NAV Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
NAV Beta (2yr)
vs. CEFA's National Municipal Bond Index


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NOTES: Distribution type sourced from CEFdata.com. For specific information about a fund's distribution sources, visit the fund sponsor's website.

The following information applies to closed-end funds and business development companies in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation (FDIC). Shares of closed-end funds (CEFs) and business development companies (BDCs) are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds and business development companies frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

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