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BBN
Taxable Municipal Bond Trust
Fixed Income
You can trade this ETF now.
BBN
Taxable Municipal Bond Trust
NAV as of Apr 22, 2024
$17.08
52 WK: 15.84 - 18.47
1 Day NAV Change as of Apr 22, 2024
-0.01
(-0.06%)
Morningstar Rating
4 stars
Market Price as of Apr 22, 2024
$15.58
1 Day Price Change as of Apr 22, 2024
0.00
(0.00%)
Distribution Rate as of Apr 22, 2024
7.16%
Premium Discount as of Apr 22, 2024
-8.78%
Overview
Investment Approach
BlackRock Taxable Municipal Bond Trust ("BBN" or the "Trust") investment objective is to seek high current income, with a secondary objective of capital appreciation. Under normal market conditions, the Trust invests at least 80% of its managed assets in taxable municipal securities, which include Build America Bonds. The Trust also has the ability to invest up to 20% of its managed assets in securities other than taxable municipal securities. Such other securities include tax-exempt securities, U.S. Treasury securities, obligations of the U.S. Government, its agencies and instrumentalities and corporate bonds issued by issuers that have, in the investment adviser's view, typically been associated with or sold in the municipal market, such as bonds issued by private universities and hospitals, or bonds sold to finance military housing developments.
No assurance can be given that the Trust’s investment objective will be achieved.