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BlackRock Taxable Muni Bond:BBN

    Overview

    As of 9/20/2017

     Share
    Price
    NAVPremium/
    Discount
    Current$23.49$23.64-0.63%
    52 Wk Avg$22.63$23.20-2.41%
    52 Wk High$23.97$24.750.44%
    52 Wk Low$20.58$22.32-9.90%
    Regular Distribution TypeIncome Only
    Distribution Rate6.71%
    Distribution Amount$0.1318
    Distribution FrequencyMonthly
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    The Fund seeks high current income with capital appreciation through investments in a portfolio of taxable municipal securities known as Build America Bonds

    Capital Structure

    As of 9/20/2017

    Total Net Assets:$2,095.364M
    Total Common Assets:$1,360.287M
    Common Shares Outstanding:57,114,082
    Leverage

    As of 1/31/2017

    Preferred Share Assets:
    Type of Preferred:
    Total Debt (USD):
    Structural Leverage (USD):
    Structural Leverage (%): 0.00%
    Effective Leverage (USD): $735.000M
    Effective Leverage (%): 36.12%
    Annual Expense Ratios

    As of 7/31/2017

      Per Common Share
    Management Fees0.86%
    Other Expenses:0.08%
    Baseline Expense: 0.93%
    Interest Expense:0.40%
    Total: 1.33%

    Fund Management

    Fund Sponsor
    Blackrock Advisors

    Portfolio Managers
    Theodore R Jaeckel (31 Aug 2010) / James Pruskowski (31 Aug 2010)

    Basics
    Category: Taxable Income-Municipal
    Ticker: BBN
    NAV Ticker: XBBNX
    Average Daily Volume (shares):
    Average Daily Volume (USD): M
    Inception Date: 8/27/2010
    Inception Share Price: $20.00
    Inception NAV: $19.06
    Tender Offer: No
    Term: No
    Fiscal Year End: July 31
    Third Party Links & Reports

    Distributions

    As of 9/20/2017

    Past performance is no guarantee of future results.
    Distribution History

    Enter declared start and end dates to display distribution history below. Income, Long Gain, Short Gain and ROC breakdowns will only be shown for the past year.

    Declared Date Payable Date Ex Date Distrib Amount Income Long Gain Short Gain ROC

    *Indicates a Special Distribution: A distribution disbursed in addition to the normal distributions paid out by the company.

    Key Information Regarding Distributions
    Avg. Earnings Per Share:
    As of 7/31/2017
    $0.1280
    Annualized Distribution Rate on NAV:
    As of 9/20/2017
    6.70%
    Total Return on NAV (12 months):
    As of 9/20/2017
    3.76%
    Avg. UNII Per Share:
    As of 7/31/2017
    $0.1271
    Avg. Portfolio Coupon:
    As of 9/20/2017
    10.17%
    Total % Portfolio Effectively Leveraged:
    As of 9/20/2017
    36.12%

    Pricing Information

    Premium/Discount Information
    Past performance is no guarantee of future results.
    Premium/Discount Information

    As of 9/20/2017

    PeriodAvg Discount
    6 Month-0.89%
    1 Year-2.41%
    3 Year-4.75%
    5 Year-5.52%
    Z-Score

    As of 9/20/2017

    PeriodZStat
    3 Month1.00
    6 Month1.10
    1 Year1.20
    Pricing History
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 9/20/2017
    Category: Taxable Municipal Leveraged Non-Insured

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD13.79%9.55%  
    201610.34%7.88%9.51%7.62%
    20152.13%-0.16%2.01%-0.89%
    201424.77%25.28%23.48%23.22%
    2013-9.46%-5.64%-8.24%-4.57%
    201214.83%13.90%13.13%13.38%
    201132.81%31.48%26.01%25.41%
    Past performance is no guarantee of future results.
    Annualized Total Returns

    Returns for periods less than one year are cumulative rather than annualized

    As of 9/20/2017
    Category: Taxable Municipal Leveraged Non-Insured

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Average Coupon:
    As of 9/20/2017
    10.17%
    Average Maturity:
    As of 6/30/2017
    32.24 yrs
    Number of Holdings:
    As of 4/30/2017
    134
    Annual Portfolio Turnover:
    As of 7/31/2017
    10.00%
    Asset Allocation

    As of 1/31/2017 reported by Fund Sponsor

    Top Sectors

    As of 6/30/2017 reported by Fund Sponsor

    Sector%Portfolio
    Utility 28.46%
    Local Tax-Backed 19.34%
    Transportation 15.78%
    State Tax-Backed 15.41%
    Education 8.04%
    Tobacco 4.25%
    School Districts 3.98%
    Housing 0.92%
    Cash and/or Derivatives 0.86%
    Health 0.85%
    Call Exposure

    As of 6/30/2017 reported by Fund Sponsor

    Top Holdings

    As of 4/30/2017 reported by Fund Sponsor

    HoldingValue% Portfolio
    Metropolitan Govt Nashville & Tou 7.431% 7.43 01 Jul 2043$46.59M2.29%
    Chicago Ill Wastewater Transmi Seco 6.9% 6.90 01 Jan 2040$45.06M2.21%
    San Antonio Tex Elec & Gas Rev Re 6.308% 6.31 01 Feb 2037$38.78M1.90%
    Franklin Cnty Ohio Convention Leas 6.64% 6.64 01 Dec 2042$37.84M1.86%
    Illinois St Go Bds 7.35% 7.35 01 Jul 2035$37.63M1.85%
    San Diego Cnty Calif Regl Arpt Re 6.628% 6.63 01 Jul 2040$35.99M1.77%
    Univ Hawaii Rev Rev Bds 6.034% 6.03 01 Oct 2040$34.11M1.67%
    Tobacco Settlement Fin Auth 7.467% 7.47 01 Jun 2047$32.22M1.58%
    Utah Transit Authority, Rb, Build Americ 5.71 15 Jun 2040$31.90M1.57%
    Regional Transportation District, Cop, B 7.67 01 Jun 2040$30.26M1.48%
    University Of California, Rb, General, S 5.95 15 May 2045$29.84M1.46%
    Credit Quality

    As of 6/30/2017 reported by Fund Sponsor

    Maturity Breakdown

    As of 6/30/2017 reported by Fund Sponsor

    Country Allocation

    As of 1/31/2017 reported by Fund Sponsor

    Country% Portfolio
    USA 100.00%

    Closed-end fund historical distribution sources have included net investment income, realized gains, and return of capital. For more detailed information on the distributions of a specific fund, please visit the sponsor's website.

    NOTES:

    Distribution type sourced from Morningstar. For specific information about a fund's distribution sources, visit the fund sponsor's website.

    The following information applies to closed-end funds in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation. Shares of closed-end funds are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

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