Main Thesis
In this research report we take a look at a national municipal bond closed end fund that’s managed by BlackRock. The BlackRock MuniYield Quality Fund (MYI) offers investors diversified exposure to quality municipal bonds nationwide and uses leverage to enhance returns. While BlackRock is a proven asset manager, the fund has struggled as of late and is most suitable for aggressive investors.
The Good
(Source: Original Image - Author’s calculations)
At the time of this writing, MYI has a current yield of 4.77% that is exempt from federal taxation. With the