Fixed Income

MPA

MuniYield Pennsylvania Quality Fund

Overview

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Performance

Performance

Distributions

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  1y 3y 5y 10y
17.55 -1.98 0.53 3.01
Market Price Total Return (%) 26.88 -3.71 1.90 3.75
  YTD 1m 3m 1y 3y 5y 10y
3.95 1.67 - 17.55 -5.84 2.65 34.56
Market Price Total Return (%) 11.98 1.99 - 26.88 -10.73 9.86 44.47
  2019 2020 2021 2022 2023
NAV Total Return (%) 10.42 6.23 4.36 -16.84 7.43
Market Price Total Return (%) 18.80 9.06 17.02 -30.95 9.64

Performance is shown after deduction of ongoing charges. Any entry and exit charges are excluded from the calculation.

The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted.


Returns are shown net of advisory fees paid by the fund and net of the fund’s operating fees and expenses. Investors who purchase shares of the fund through an investment adviser or other financial professional may separately pay a fee to that service provider. Past performance is not indicative of future results.

The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted, and numbers may reflect small variances due to rounding. Standardized performance and performance data current to the most recent month end may be found in the Performance section.

Key Facts

Key Facts

Net Assets
as of Dec 12, 2024
$169,866,086
Share Class launch date
Nov 04, 1992
Asset Class
Fixed Income
Distribution Frequency
Monthly
Lipper Classification
PA Muni Debt Funds
CUSIP
09255G107
Managed Assets
as of Dec 12, 2024
$267,209,059.02
Exchange
New York Stock Exchange Inc.
Shares Outstanding
as of Dec 12, 2024
12,949,630
Morningstar Category
Muni Pennsylvania
Premium Discount
as of Dec 12, 2024
-6.40
Number of Holdings
as of Nov 29, 2024
167

Portfolio Characteristics

Portfolio Characteristics

Distribution Rate
as of Dec 12, 2024
6.45%
Average Coupon
as of Nov 29, 2024
4.25%
Effective Duration
as of Nov 29, 2024
10.78 yrs
WAL to Maturity
as of Nov 29, 2024
25.77 yrs
% Leveraged
as of Nov 29, 2024
36.21%
% Insured
as of Nov 29, 2024
16.71%
Yield to Maturity
as of Nov 29, 2024
6.83%
Yield to Worst
as of Nov 29, 2024
6.24%
WAL to Worst
as of Nov 29, 2024
12.88 yrs
Leverage
as of Nov 29, 2024
$ 97,529,266.00
% AMT Bonds
as of Nov 29, 2024
11.03%

Sustainability Characteristics

Sustainability Characteristics

To be included in MSCI ESG Fund Ratings, 65% (or 50% for bond funds and money market funds) of the fund’s gross weight must come from securities with ESG coverage by MSCI ESG Research (certain cash positions and other asset types deemed not relevant for ESG analysis by MSCI are removed prior to calculating a fund’s gross weight; the absolute values of short positions are included but treated as uncovered), the fund’s holdings date must be less than one year old, and the fund must have at least ten securities. MSCI Ratings are currently unavailable for this fund.

ESG Integration

ESG Integration

BlackRock considers many investment risks in our processes. In order to seek the best risk-adjusted returns for our clients, we manage material risks and opportunities that could impact portfolios, including financially material Environmental, Social and/or Governance (ESG) data or information, where available. See our Firm Wide ESG Integration Statement for more information on this approach and fund documentation for how these material risks are considered within this product, where applicable.

Fees

Fees

on net assets
Gross Expense Ratio 3.53%
Management Fee 0.76%
Interest Expense 2.40%
Other Expenses 0.36%
Acquired Fund Fees and Expenses 0.01%
on managed assets
Acquired Fund Fees and Expenses 0.00%
Interest Expenses 1.55%
Management Fee 0.49%
Other Expenses 0.24%
Gross Expense 2.28%

Fees data reflected above is current as of the latest annual shareholder report.

Ratings

Ratings

Holdings

Holdings

as of Nov 29, 2024
Name Weight (%)
DRIVER 4.033 PASHGR 70917SVH3 4.37
PENNSYLVANIA ECONOMIC DEV FING 5 06/30/2042 3.67
SOUTHEASTERN PA TRANSN AUTH RE 5.25 06/01/2052 3.35
PENNSYLVANIA ECONOMIC DEV FING 4 03/15/2040 3.00
TOB 5.25 71783MDF9 PHIUTL 144A 1.95
Name Weight (%)
SHALER PA AREA SCH DIST 0 09/01/2030 1.94
PENNSYLVANIA ST TPK COMMN TPK 5 12/01/2040 1.82
GEISINGER AUTH PA HEALTH SYS R 5 02/15/2045 1.72
COMMONWEALTH FING AUTH PA TOB 5 06/01/2034 1.70
PENNSYLVANIA ST HIGHER EDL FAC 4 05/01/2050 1.69
Holdings are subject to change. Fund holdings and allocations shown are unaudited, and may not be representative of current or future investments. The Fund is actively managed and its details, holdings and characteristics will vary. Holdings shown should not be deemed as a recommendation to buy or sell securities. The user relies on this data at its own risk and neither BlackRock nor any other party makes any representations or express or implied warranties (which are expressly disclaimed) nor shall they incur any liability for any errors or omissions in the data.

Exposure Breakdowns

Exposure Breakdowns

as of Nov 29, 2024

% Notional Value

Type Fund
as of Nov 29, 2024

% Notional Value

Type Fund
as of Nov 29, 2024

% Notional Value

Type Fund
as of Nov 29, 2024

% Notional Value

Type Fund
as of Nov 29, 2024

% Notional Value

Type Fund
as of Nov 29, 2024

% Notional Value

Type Fund
The fund itself has not been rated by an independent rating agency. Credit quality ratings on underlying securities of the fund are received from S&P, Moody’s and Fitch and converted to the equivalent S&P major rating category. This breakdown is provided by BlackRock and takes the median rating of the three agencies when all three agencies rate a security the lower of the two ratings if only two agencies rate a security and one rating if that is all that is provided. Unrated securities do not necessarily indicate low quality. Below investment-grade is represented by a rating of BB and below. Ratings and portfolio credit quality may change over time.

as of Nov 29, 2024
Type Fund
Notional value represents a fund’s use of derivatives, including but not limited to futures, options, and swaps. This value captures the fund exposures as if the derivative was replaced with the underlying asset and the corresponding financing or lending, such that all exposures sum to the net asset value. For non-derivatives, the market value and the notional value are identical.

Allocations are subject to change.

Portfolio Managers

Portfolio Managers

Phillip Soccio, CFA
Director, Portfolio Manager, Municipal Mutual Funds

  

Walter O'Connor, CFA
Managing Director, Co-Head and Portfolio Manager, Municipal Mutual Funds

  

Michael Kalinoski, CFA 
Director, Portfolio Manager, Municipal Mutual Funds

   

Kevin Maloney, CFA
Director, Co-Head and Portfolio Manager, Municipal Mutual Funds

  

Kristi Manidis
Director, Portfolio Manager, Municipal Mutual Funds

  

Christian Romaglino, CFA
Director, Portfolio Manager, Municipal Mutual Funds

   

Portfolio Manager

Literature

Literature

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