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BlackRock MuniYield Quality Fund III (MYI)

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

Data as of June 14, 2024
Market Price $11.08 (- $0.12)
NAV (June 14, 2024) $12.51 (- $0.01)
Fund Listed NYSE
Premium / Discount -11.43% (-0.89%)
Fund Info
Inception April 13, 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
Term Date N/A
Objective: Current income exempt from federal income taxes; Long-term, investment grade municipal obligations
Related Indexes
National Municipal Bond Index
Tax-Sensitive Income Index
Capital & Leverage
Outstanding Shares 66,467,251
Total Assets (Reported: Jan. 31, 2024) $1,337M
Estimated Total Assets $1,331M
Net Assets $832M
Market Cap $736M
Portfolio Turnover 18.00%
Total Leverage 37.52%
Structural Leverage (out of total) 73.51%
Portfolio Leverage (out of total) 26.49%
Expense Ratio 3.59%
Non Lev Exp Ratio 0.89%
Rel Lev Cost 4.53%
Discount Data
Average Discount (3 Yr) -9.24%
Discount Low(3 Yr) -16.40%
Discount High(3 Yr) -2.07%
Discount Rel Range (3 Yr) 34.69%
Comp Discount -2.18
Discount St Dev (1Yr) 1.96
Z-Stat (6mo) -1.53
Z-Stat (1Yr) 0.23
Z-Stat (3Yr) -0.65
Comp Z-Stat (6mo) -2.50
Comp Z-Stat (3Yr) -0.27
Distribution Data
Market Yield 6.01%
Income Yield 6.01%
Lev Adj NAV Yield 3.87%
Distribution Frequency M
Current Distribution $0.056
Current Income $0.056
Ex-Date 6/14/24
Payable Date 7/1/24
Div Growth (3yr) 7.77%
Dividend Change 37.0% on 11/14/23
Expected Div 7/1/24
RoC (1yr) 19.76%
RoC (3yr) 8.12%
Volume & Liquidity
Average Daily $ (K) $2,295
Avg Volume 30 day 206,563
Avg Volume 90 day 207,153
Volume Trend -0.28%
Comp Volume Trend -2.15%
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): MHD 90.0%
NAV - Price Correlation (30 d) 90.0%
NAV - Price Correlation (90 d) 93.2%
NAV - Price Correlation (1 Yr) 96.8%
Price St Dev (1Yr) 11.2%
NAV St Dev (1Yr) 6.9%
Earnings / Share (4/30/24) $0.038
Earn Coverage 69.01%
Earnings Trend Down
UNII / Share (4/30/24) $-0.102
Rel UNII -15.35
UNII Trend Down
Bond Specific Data
Maturity 25.59
Duration 12.29
Credit Rating (rbo) AA
Investment Grade 89.46%
Non Investment Grade 2.40%
Unrated Bonds 8.13%
Average Bond Price 102.39
Discount vs Price -9.04
Coupon 4.07%
Zero Coupon 9.45%
AMT 12.78%
AMT Yield 5.80%
Bond Calls Risk 5.40%
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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