Fixed Income

BBN

Taxable Municipal Bond Trust

Overview

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Performance

Performance

  • Returns

  2011 2012 2013 2014 2015
NAV Total Return (%) Total return represents changes to the NAV and accounts for distributions from the fund. 32.30 13.61 -5.13 25.92 0.38
Market Price Total Return (%) Market price return represents changes to the fund’s closing market price on its primary exchange and accounts for distributions from the fund. 32.64 14.79 -9.47 24.65 2.05

The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted.


Returns are shown net of advisory fees paid by the fund and net of the fund’s operating fees and expenses. Investors who purchase shares of the fund through an investment adviser or other financial professional may separately pay a fee to that service provider. Past performance is not indicative of future results.

Growth of Hypothetical $10,000 The growth of hypothetical $10,000 chart reflects a hypothetical $10,000 investment and assumes reinvestment of dividends and capital gains. Fund expenses, including management fees and other expenses were deducted.

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Distributions

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Portfolio Characteristics

Portfolio Characteristics

Average Coupon as of 29-Jul-2016 10.96%
WAL to Maturity as of 29-Jul-2016 34.70 yrs

Ratings

Ratings

Morningstar Rating

Overall Morningstar Rating for Taxable Municipal Bond Trust as of 31-Jul-2016 rated against 4 Long-Term Bond Funds.

Holdings

Holdings

as of 29-Jul-2016
Name Weight (%)
NEW JERSEY ST TPK AUTH TPK REV 7.102 01/01/2041 2.40
MET GOVT NASHVILLE & DAVIDSON 7.431 07/01/2043 2.29
CHICAGO IL WASTEWATER TRANSMISSION 6.9 01/01/2040 2.19
NEW JERSEY ST TRANSN TR FD AUTH 6.104 12/15/2028 2.11
LOS ANGELES CALIF WTR PWR REV 6.166 07/01/2040 1.96
Name Weight (%)
FRANKLIN CNTY OHIO CONVENTION FACS 6.64 12/01/2042 1.92
ILLINOIS ST 7.35 07/01/2035 1.87
SAN ANTONIO TEX ELEC & GAS REV 6.308 02/01/2037 1.87
SAN DIEGO CNTY CALIF REGL ARPT AUT 6.628 07/01/2040 1.70
MUNICIPAL ELEC AUTH GA 6.637 04/01/2057 1.67

Exposure Breakdowns

Exposure Breakdowns

Geographic exposure relates principally to the domicile of the issuers of the securities held in the product, added together and then expressed as a percentage of the product’s total holdings. However, in some instances it can reflect the country where the issuer of the securities carries out much of their business.
Sorry, industry breakdowns are not available at this time.
The fund itself has not been rated by an independent rating agency. Credit quality ratings on underlying securities of the fund are received from S&P, Moody’s and Fitch and converted to the equivalent S&P major rating category. This breakdown is provided by BlackRock and takes the median rating of the three agencies when all three agencies rate a security the lower of the two ratings if only two agencies rate a security and one rating if that is all that is provided. Unrated securities do not necessarily indicate low quality. Below investment-grade is represented by a rating of BB and below. Ratings and portfolio credit quality may change over time.

as of 29-Jul-2016
Notional value represents a fund’s use of derivatives, including but not limited to futures, options, and swaps. This value captures the fund exposures as if the derivative was replaced with the underlying asset and the corresponding financing or lending, such that all exposures sum to the net asset value. For non-derivatives, the market value and the notional value are identical.

Allocations are subject to change.

Portfolio Managers

Portfolio Managers

Michael Kalinoski
Director, Portfolio Manager, Municipal Mutual Fund Desk
Peter Hayes
Managing Director, Head of Municipal Bonds Group
Ted Jaeckel
Managing Director, Head Portfolio Manager, Municipal Mutual Fund Desk
Portfolio Manager

Literature

Literature