BLACKROCK MUNIHOLDINGS NEW YORK QUALITY FUND (MHN)

Tuesday

3:01 PM

Thesis: Recent fluctuations in interest rates have raised concerns about the fund's NAV and distribution sustainability, leading to a more cautious outlook among investors.

Revenue Outlook

Metric	FY2024	FY2025
Revenue	$14M	$26M
Rev. Growth	+736%	+94.0%
EPS	$0.44	$-0.91
EPS Growth	+813%	-307%
P/E	23.4×	—

What Moves the Stock

1Changes in interest rates affecting bond prices
2Demand for municipal bonds in New York
3Tax policy changes impacting municipal bond attractiveness
4Credit quality of underlying municipal issuers
5Interest income from municipal bonds - 100%
6Increased demand for tax-exempt income amid rising federal tax rates
7Growing interest in sustainable municipal projects

FY2025 Snapshot

Revenue: $26M
Rev. Growth: +94.0%
Gross Margin: 100%
Op. Margin: 81.2%
Net Margin: -105%
Net Income: $-28M
NI Growth: -307%
EPS: $-0.91
1Y Return: +4.3%

MHN Chart

My Notes

"Investors are increasingly wary of the impact of rising rates on our portfolio's performance."
Moat: The fund's competitive advantage is bolstered by BlackRock's extensive research capabilities and brand reputation in asset management.
income - Investors seeking tax-exempt income from municipal bonds are the primary target.
High sensitivity to interest rates; rising rates typically lead to declining bond prices, which can negatively impact the fund's NAV.
Watch on earnings: 10-Year Treasury Yield, Municipal bond issuance volume, Tax policy changes affecting municipal bonds.

One Sentence Summary:

BlackRock MuniHoldings New York Quality Fund: the story is balanced — changes in interest rates affecting bond prices.

Auto-composed from Stock Alarm intelligence, financial statements, and analyst estimates. Not investment advice.

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