BlackRock Municipal Income Quality Closed Fund (BYM) - Net Assets
Based on the latest financial reports, BlackRock Municipal Income Quality Closed Fund (BYM) has net assets worth $294.97 Million USD as of July 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($497.51 Million) and total liabilities ($202.55 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check BYM financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $294.97 Million |
| % of Total Assets | 59.29% |
| Annual Growth Rate | -3.97% |
| 5-Year Change | -55.73% |
| 10-Year Change | -31.14% |
| Growth Volatility | 31.17 |
BlackRock Municipal Income Quality Closed Fund - Net Assets Trend (2006–2025)
This chart illustrates how BlackRock Municipal Income Quality Closed Fund's net assets have evolved over time, based on quarterly financial data. Also explore total assets of BlackRock Municipal Income Quality Close for the complete picture of this company's asset base.
Annual Net Assets for BlackRock Municipal Income Quality Closed Fund (2006–2025)
The table below shows the annual net assets of BlackRock Municipal Income Quality Closed Fund from 2006 to 2025. For live valuation and market cap data, see BYM market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2025-07-31 | $294.97 Million | -10.25% |
| 2024-07-31 | $328.64 Million | -1.55% |
| 2023-07-31 | $333.82 Million | -6.80% |
| 2022-07-31 | $358.16 Million | -46.25% |
| 2021-07-31 | $666.36 Million | +62.08% |
| 2020-07-31 | $411.14 Million | -38.78% |
| 2019-07-31 | $671.62 Million | +73.03% |
| 2018-07-31 | $388.15 Million | -4.04% |
| 2017-07-31 | $404.47 Million | -5.58% |
| 2016-07-31 | $428.39 Million | +6.69% |
| 2015-07-31 | $401.54 Million | -2.25% |
| 2014-07-31 | $410.78 Million | +15.59% |
| 2013-07-31 | $355.37 Million | -31.41% |
| 2008-07-31 | $518.13 Million | -16.07% |
| 2007-07-31 | $617.33 Million | -3.00% |
| 2006-07-31 | $636.41 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to BlackRock Municipal Income Quality Closed Fund's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 253.8% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (July 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $349.38 Million | 118.45% |
| Total Equity | $294.97 Million | 100.00% |
BlackRock Municipal Income Quality Closed Fund Competitors by Market Cap
The table below lists competitors of BlackRock Municipal Income Quality Closed Fund ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ares Commercial Real Estate
NYSE:ACRE
|
$286.25 Million |
|
MBIA Inc
NYSE:MBI
|
$286.30 Million |
|
Okins Electronics Co. Ltd
KQ:080580
|
$286.35 Million |
|
Lexinfintech Holdings Ltd
NASDAQ:LX
|
$286.40 Million |
|
Agilyx AS
OL:AGLX
|
$286.22 Million |
|
Grupo Empresas Navieras SA
SN:NAVIERA
|
$285.92 Million |
|
Designer Brands Inc
NYSE:DBI
|
$285.90 Million |
|
Waterstone Financial Inc
NASDAQ:WSBF
|
$285.90 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in BlackRock Municipal Income Quality Closed Fund's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 328,644,596 to 294,967,996, a change of -33,676,600 (-10.2%).
- Net loss of 16,580,396 reduced equity.
- Dividend payments of 18,386,604 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-16.58 Million | -5.62% |
| Dividends Paid | $18.39 Million | -6.23% |
| Other Changes | $1.29 Million | +0.44% |
| Total Change | $- | -10.25% |
Book Value vs Market Value Analysis
This analysis compares BlackRock Municipal Income Quality Closed Fund's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.97x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.82x to 0.97x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-07-31 | $13.46 | $11.05 | x |
| 2014-07-31 | $15.56 | $11.05 | x |
| 2015-07-31 | $15.21 | $11.05 | x |
| 2016-07-31 | $16.22 | $11.05 | x |
| 2017-07-31 | $14.63 | $11.05 | x |
| 2018-07-31 | $13.67 | $11.05 | x |
| 2019-07-31 | $25.43 | $11.05 | x |
| 2020-07-31 | $15.57 | $11.05 | x |
| 2021-07-31 | $25.23 | $11.05 | x |
| 2022-07-31 | $0.00 | $11.05 | x |
| 2023-07-31 | $12.73 | $11.05 | x |
| 2024-07-31 | $12.69 | $11.05 | x |
| 2025-07-31 | $11.39 | $11.05 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently BlackRock Municipal Income Quality Closed Fund utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -5.62%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -72.05%
- • Asset Turnover: 0.05x
- • Equity Multiplier: 1.69x
- Recent ROE (-5.62%) is below the historical average (1.44%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 3.88% | 74.13% | 0.05x | 1.01x | $-38.98 Million |
| 2007 | 1.49% | 30.37% | 0.05x | 1.04x | $-52.52 Million |
| 2008 | 1.12% | 18.79% | 0.05x | 1.16x | $-46.01 Million |
| 2013 | -12.72% | -149.16% | 0.05x | 1.72x | $-80.74 Million |
| 2014 | 19.38% | 278.28% | 0.04x | 1.57x | $38.51 Million |
| 2015 | 3.34% | 47.42% | 0.04x | 1.60x | $-26.74 Million |
| 2016 | 11.99% | 185.50% | 0.04x | 1.56x | $8.51 Million |
| 2017 | -0.82% | 0.00% | 0.00x | 1.61x | $-43.77 Million |
| 2018 | 0.37% | 81.37% | 0.00x | 1.65x | $-37.40 Million |
| 2019 | 6.49% | 99.27% | 0.07x | 1.00x | $-23.58 Million |
| 2020 | 2.73% | 97.37% | 0.02x | 1.63x | $-29.89 Million |
| 2021 | 4.22% | 98.91% | 0.04x | 1.01x | $-38.49 Million |
| 2022 | -14.10% | -293.98% | 0.03x | 1.64x | $-86.33 Million |
| 2023 | -2.63% | -89.43% | 0.02x | 1.55x | $-42.15 Million |
| 2024 | 3.96% | 98.91% | 0.03x | 1.49x | $-19.85 Million |
| 2025 | -5.62% | -72.05% | 0.05x | 1.69x | $-46.08 Million |
Industry Comparison
This section compares BlackRock Municipal Income Quality Closed Fund's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $1,450,737,970
- Average return on equity (ROE) among peers: 9.04%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| BlackRock Municipal Income Quality Closed Fund (BYM) | $294.97 Million | 3.88% | 0.69x | $286.23 Million |
| Acadian Asset Management Inc (AAMI) | $49.50 Million | 132.93% | 11.35x | $1.86 Billion |
| AllianceBernstein Holding L.P. (AB) | $2.07 Billion | 13.23% | 0.00x | $3.60 Billion |
| Associated Capital Group Inc (AC) | $948.70 Million | 4.12% | 0.07x | $78.56 Million |
| Abrdn Emerging Markets Equity Income Fund Inc (AEF) | $93.70 Million | 49.33% | 0.08x | $265.69 Million |
| AgriFORCE Growing Systems Ltd (AGRI) | $2.99 Million | -170.94% | 0.46x | $194.14 Million |
| Alvarium Tiedemann Holdings Inc. (ALTI) | $17.85 Million | -32.96% | 4.15x | $368.87 Million |
| Affiliated Managers Group Inc (AMG) | $3.52 Billion | 4.94% | 0.76x | $8.19 Billion |
| Ameriprise Financial Inc (AMP) | $5.99 Billion | 24.73% | 23.64x | $41.87 Billion |
| AMTD IDEA Group (AMTD) | $1.70 Billion | 3.00% | 0.22x | $44.19 Million |
| Artisan Partners Asset Management Inc (APAM) | $117.70 Million | 62.05% | 6.95x | $2.65 Billion |
About BlackRock Municipal Income Quality Closed Fund
BlackRock Municipal Income Quality Trust is a closed-ended fixed income mutual fund launched by BlackRock, Inc. It is managed by BlackRock Advisors, LLC. The fund invests in the fixed income markets of the United States. It primarily invests in investment grade municipal bonds exempt from federal income taxes, including the alternative minimum tax. BlackRock Municipal Income Quality Trust was for… Read more