Fixed Income

BBN

Taxable Municipal Bond Trust

Overview

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Performance

Performance

  • Returns

  1y 3y 5y 10y Incept. Performance data for certain classes of shares of certain funds are based on pre-class inception information dating back to an older class of fund shares. This information may be considered when assessing a fund's performance, but it does not represent actual performance of these classes of shares. The inception date noted under Key Fund Facts is the date the class of shares was incepted. See fund prospectus or fact sheet for details.
2.69 8.20 7.54 - 10.76
Market Price (%) Market price return represents changes to the fund’s closing market price on its primary exchange and accounts for distributions from the fund. 4.52 11.22 7.49 - 9.87
  YTD 1m 1y 3y 5y 10y Incept. Performance data for certain classes of shares of certain funds are based on pre-class inception information dating back to an older class of fund shares. This information may be considered when assessing a fund's performance, but it does not represent actual performance of these classes of shares. The inception date noted under Key Fund Facts is the date the class of shares was incepted. See fund prospectus or fact sheet for details.
9.68 -0.53 2.69 26.66 43.85 - 106.51
Market Price (%) Market price return represents changes to the fund’s closing market price on its primary exchange and accounts for distributions from the fund. 13.24 -1.75 4.52 37.58 43.50 - 94.94
  2012 2013 2014 2015 2016
Total Return (%) Total return represents changes to the NAV and accounts for distributions from the fund. 13.61 -5.13 25.92 0.38 8.03
Market Price (%) Market price return represents changes to the fund’s closing market price on its primary exchange and accounts for distributions from the fund. 14.79 -9.47 24.65 2.05 10.24

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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Key Facts

Key Facts

Net Assets as of Oct 20, 2017 $1,343,926,813
Managed Assets as of Oct 20, 2017 $2,087,864,430.18
Share Class launch date Aug 27, 2010
Exchange New York Stock Exchange Inc.
Asset Class Fixed Income
Morningstar Category Long-Term Bond
Lipper Classification General Bond Funds
CUSIP 09248X100
Management Fee 0.86%
Gross Expense Ratio 1.52%
Shares Outstanding as of Oct 20, 2017 57,122,387
Number of Holdings as of Sep 29, 2017 134
3m Avg Volume as of Mar 29, 2017 162,540.00

Portfolio Characteristics

Portfolio Characteristics

Average Coupon as of Sep 29, 2017 10.18%
WAL to Maturity as of Sep 29, 2017 32.81 yrs

Holdings

Holdings

as of Sep 29, 2017
Name Weight (%)
NEW JERSEY ST TPK AUTH TPK REV 7.102 01/01/2041 2.39
NEW JERSEY ST TRANSN TR FD AUTH 6.104 12/15/2028 2.35
MET GOVT NASHVILLE & DAVIDSON 7.431 07/01/2043 2.27
CHICAGO IL WASTEWATER TRANSMISSION 6.9 01/01/2040 2.23
LOS ANGELES CALIF WTR PWR REV 6.166 07/01/2040 2.00
Name Weight (%)
ILLINOIS ST 7.35 07/01/2035 1.99
TOBACCO SETTLEMENT FIN AUTH WEST V 7.467 06/01/2047 1.93
FRANKLIN CNTY OHIO CONVENTION FACS 6.64 12/01/2042 1.86
SAN ANTONIO TEX ELEC & GAS REV 6.308 02/01/2037 1.85
SAN DIEGO CNTY CALIF REGL ARPT AUT 6.628 07/01/2040 1.73

Exposure Breakdowns

Exposure Breakdowns

Type Fund
Type Fund
Type Fund
Type Fund
Sorry, industry breakdowns are not available at this time.
Type Fund
Type Fund
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 Sep 29, 2017
Type Fund
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, CFA
Portfolio Manager, Municipal Mutual Fund

   

Peter Hayes
Head of Municipal Bonds

 

 

Ted Jaeckel, CFA
Head Portfolio Manager, Municipal Mutual Fund

    

Christian Romaglino
Christian Romaglino
Portfolio Manager

Literature

Literature