BlackRock Taxable Municipal Bond Trust:BBN

    Manage Alerts

    Overview

    As of 6/11/2021

     Share
    Price
    NAVPremium/
    Discount
    Current$25.45$25.220.91%
    52 Wk Avg$25.60$24.823.12%
    52 Wk High$27.49$25.688.21%
    52 Wk Low$23.63$23.69-0.95%
    Regular Distribution TypeIncome Only
    Distribution Rate5.52%
    Distribution Amount$0.1170
    Distribution FrequencyMonthly
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    Under normal market conditions, the Trust will invest at least 80% of its Managed Assets in taxable municipal securities, which include Build America Bonds (BABs). The Trust may invest up to 20% of its Managed Assets in securities other than BABs, including taxable municipal securities that do not qualify for federal subsidy payments under the Act, tax-exempt municipal securities, U.S. Treasury securities and obligations of the U.S. Government, its agencies and instrumentalities. Under normal market conditions, the Trust will invest at least 80% of its Managed Assets in securities that at the time of investment are investment grade quality.

    Capital Structure

    As of 6/11/2021

    Total Investment Exposure:$2,087.333M
    Total Common Assets:$1,443.024M
    Common Shares Outstanding:57,217,439
    Leverage

    As of 6/11/2021

    Preferred Share Assets:
    Total Debt (USD): $644.310M
    Regulatory Leverage (USD):
    Effective Leverage (USD): $644.310M
    Effective Leverage (%): 30.87%
    Annual Expense Ratios

    As of 7/31/2020

      Per Common Share
    Management Fees0.85%
    Other Expenses:0.06%
    Baseline Expense: N/A
    Interest Expense:1.06%
    Total: 1.97%
    Fund Management

    Fund Sponsor
    BlackRock

    Portfolio Managers
    Christian G. Romaglino, Peter J. Hayes, Theodore R. Jaeckel, Michael Kalinoski

    Basics
    Category: Fixed Income - Taxable-Taxable Muni
    Ticker: BBN
    NAV Ticker: XBBNX
    Average Daily Volume (shares): 158,171
    Average Daily Volume (USD): $4.044M
    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 6/11/2021

    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 1/31/2021
    $0.6773
    Annualized Distribution Rate on NAV:
    As of 6/11/2021
    5.57%
    Total Return on NAV (12 months):
    As of 6/11/2021
    10.58%
    Avg. Portfolio Coupon:
    As of 6/11/2021
    5.92%
    Total % Portfolio Effectively Leveraged:
    As of 6/11/2021
    30.87%

    Pricing Information

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

    As of 6/11/2021

    PeriodAvg Discount
    6 Month2.58%
    1 Year3.12%
    3 Year-1.28%
    5 Year-1.83%
    Z-Score

    As of 6/11/2021

    PeriodZStat
    3 Month-0.42
    6 Month-0.72
    1 Year-1.10
    Pricing History
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 5/31/2021
    Category: Morningstar US CEF Taxable Muni

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD-5.48%-0.53%-3.20%0.13%
    202017.07%10.11%15.74%10.56%
    201922.79%14.59%20.35%10.50%
    2018-2.87%0.34%-3.39%-1.46%
    201715.01%13.23%11.55%8.87%
    201610.34%7.88%7.26%5.48%
    20152.13%-0.16%3.02%0.77%
    201424.77%25.28%17.45%17.53%
    2013-9.46%-5.64%-7.25%-4.25%
    201214.83%13.45%12.76%12.46%
    201132.81%32.00%22.75%22.56%
    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 5/31/2021
    Category: Morningstar US CEF Taxable Muni

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Average Coupon:
    As of 6/11/2021
    5.92%
    Number of Holdings:
    As of 3/31/2021
    162
    Annual Portfolio Turnover:
    As of 7/31/2020
    15.00%
    Average Bond Price:
    As of 3/31/2021
    $128.59
    Asset Allocation

    As of 3/31/2021 reported by Fund Sponsor

    Top Sectors

    As of 3/31/2021 reported by Fund Sponsor

    Sector%Portfolio
    Municipal (Super Sector)136.04%
    Municipal134.03%
    Corporate (Super Sector)10.43%
    Corporate Bond10.43%
    US Municipal Tax Advantaged2.01%
    Cash Equivalents-46.47%
    Cash Equivalents (Super Sector)-46.47%
    Call Exposure

    As of 6/28/2019 reported by Fund Sponsor

    State Allocation

    As of 3/31/2021 reported by Fund Sponsor

    State% Portfolio
    California27.52%
    Illinois16.22%
    New Jersey11.12%
    New York10.12%
    Georgia6.37%
    Ohio6.25%
    Florida4.17%
    Tennessee4.07%
    Michigan4.02%
    West Virginia3.89%
    Top Holdings

    As of 3/31/2021 reported by Fund Sponsor

    HoldingValue% Portfolio
    NEW JERSEY ST TPK AUTH TPK REV 7.1%$52.71M3.78%
    METROPOLITAN GOVT NASHVILLE & DAVIDSON CNTY TENN CONVENTION CTR AUTH TOURIS$51.19M3.67%
    CHICAGO ILL WASTEWATER TRANSMISSION REV 6.9%$48.98M3.51%
    ILLINOIS ST 7.35%$45.05M3.23%
    FRANKLIN CNTY OHIO CONVENTION FACS AUTH 6.64%$45.04M3.23%
    TOBACCO SETTLEMENT FIN AUTH WEST VA ASSET BACKED 4.31%$41.58M2.98%
    MUNICIPAL ELEC AUTH GA 6.64%$39.09M2.80%
    MUNICIPAL ELEC AUTH GA 6.66%$35.68M2.56%
    UNIVERSITY CALIF REVS 6.3%$35.52M2.55%
    REGIONAL TRANSN DIST COLO CTFS PARTN 7.67%$34.57M2.48%
    Credit Quality

    As of 3/31/2021 reported by Fund Sponsor

    Maturity Breakdown

    As of 3/31/2021 reported by Fund Sponsor

    Country Allocation

    As of 3/31/2021 reported by Fund Sponsor

    Country% Portfolio
    United States - Fixed Income142.86%
    Others - Fixed Income3.61%

    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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