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BlackRock MuniYield Michigan Quality Fund (MIY)

Single State Muni Bond Funds - One Fund States

Data as of Nov. 30, 2022
Market Price $11.70 (+ $0.15)
NAV (Nov. 30, 2022) $12.72 (+ $0.01)
Fund Listed NYSE
Premium / Discount -8.02% (+1.11%)
Fund Info
Inception Oct. 30, 1992
Sponsor BlackRock Advisors
Website www.blackrock.com/inve...
Phone 1-800-882-0052
Location Delaware
Incorporated Maryland (Subject to the Maryland Act)
Staggered Board Yes
Objective: High current income exempt from federal and Michigan income taxes; Long-term, investment grade municipal obligations
Related Indexes
State Municipal Index (Non NY/CA)
Premium CEF/BDC Index
Capital & Leverage
Outstanding Shares 29,535,066
Total Assets (Reported: July 31, 2022) $678M
Estimated Total Assets $639M
Net Assets $376M
Market Cap $346M
Portfolio Turnover 22.00%
Total Leverage 41.20%
Structural Leverage (out of total) 94.39%
Portfolio Leverage (out of total) 5.61%
Expense Ratio 1.66%
Non Lev Exp Ratio 0.88%
Rel Lev Cost 1.12%
Discount Data
Average Discount (3 Yr) -6.36%
Discount Low(3 Yr) -24.78%
Discount High(3 Yr) 4.28%
Discount Rel Range (3 Yr) 57.68%
Comp Discount 0.70
Discount St Dev (1Yr) 4.70
Z-Stat (6mo) -1.52
Z-Stat (1Yr) -0.97
Z-Stat (3Yr) -0.34
Comp Z-Stat (6mo) -0.51
Comp Z-Stat (3Yr) 0.60
Distribution Data
Market Yield 4.51%
Income Yield 4.51%
Lev Adj NAV Yield 2.94%
Distribution Frequency M
Current Distribution $0.044
Current Income $0.044
Ex-Date 11/14/22
Payable Date 12/1/22
Div Growth (3yr) -10.20%
Dividend Change -21.4% on 10/3/22
Expected Div 12/1/22
RoC (1yr) 5.27%
RoC (3yr) 1.77%
Volume & Liquidity
Average Daily $ (K) $885
Avg Volume 30 day 117,302
Avg Volume 90 day 75,676
Volume Trend 55.01%
Comp Volume Trend 24.42%
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 State Municipal Index (Non NY/CA)
Most Correlated Peer (Mk Pr): NKG 61.0%
NAV - Price Correlation (30 d) 95.2%
NAV - Price Correlation (90 d) 71.7%
NAV - Price Correlation (1 Yr) 83.8%
Price St Dev (1Yr) 15.9%
NAV St Dev (1Yr) 7.0%
Earnings / Share (10/31/22) $0.037
Earn Coverage 84.09%
Earnings Trend Down
UNII / Share (10/31/22) $-0.015
Rel UNII -2.88
UNII Trend Down
Bond Specific Data
Maturity 28.72
Duration 14.67
Credit Rating (rbo) AA
Investment Grade 96.03%
Non Investment Grade 0.65%
Unrated Bonds 3.33%
Average Bond Price 103.28
Discount vs Price -4.74
Coupon 4.31%
Zero Coupon 1.06%
AMT 11.56%
AMT Yield 4.37%
Bond Calls Risk 7.81%
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 State Municipal Index (Non NY/CA)


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