Fixed Income

BBN

Taxable Municipal Bond Trust

Overview

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Performance

Performance

Growth of Hypothetical $10,000

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Distributions

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  1y 3y 5y 10y
5.10 -3.13 0.91 4.72
Market Price Total Return (%) -2.24 -6.67 -0.01 4.65
  YTD 1m 3m 1y 3y 5y 10y
0.51 1.83 - 5.10 -9.11 4.64 58.55
Market Price Total Return (%) 2.19 0.45 - -2.24 -18.70 -0.06 57.59
  2019 2020 2021 2022 2023
NAV Total Return (%) 14.62 10.14 5.73 -26.58 12.04
Market Price Total Return (%) 22.67 17.08 2.75 -30.99 3.57

Performance is shown after deduction of ongoing charges. Any entry and exit charges are excluded from the calculation.

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.

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, and numbers may reflect small variances due to rounding. Standardized performance and performance data current to the most recent month end may be found in the Performance section.

Key Facts

Key Facts

Net Assets
as of Jun 21, 2024
$1,092,581,213
Share Class launch date
Aug 27, 2010
Asset Class
Fixed Income
Morningstar Category
Long-Term Bond
Premium Discount
as of Jun 21, 2024
-8.71%
Number of Holdings
as of May 31, 2024
189
Managed Assets
as of Jun 21, 2024
$1,611,716,101.90
Exchange
New York Stock Exchange Inc.
Shares Outstanding
as of Jun 21, 2024
61,792,514
Lipper Classification
General Bond Funds
CUSIP
09248X100

Portfolio Characteristics

Portfolio Characteristics

Distribution Rate
as of Jun 21, 2024
6.91%
Average Coupon
as of May 31, 2024
5.70%
Effective Duration
as of May 31, 2024
11.46 yrs
WAL to Maturity
as of May 31, 2024
22.90 yrs
% Leveraged
as of May 31, 2024
32.83%
% Insured
as of May 31, 2024
3.18%
Yield to Maturity
as of May 31, 2024
6.24%
Yield to Worst
as of May 31, 2024
6.22%
WAL to Worst
as of May 31, 2024
21.57 yrs
Leverage
as of May 31, 2024
$ 524,160,158.00
% AMT Bonds
as of May 31, 2024
0.11%

Sustainability Characteristics

Sustainability Characteristics

To be included in MSCI ESG Fund Ratings, 65% (or 50% for bond funds and money market funds) of the fund’s gross weight must come from securities with ESG coverage by MSCI ESG Research (certain cash positions and other asset types deemed not relevant for ESG analysis by MSCI are removed prior to calculating a fund’s gross weight; the absolute values of short positions are included but treated as uncovered), the fund’s holdings date must be less than one year old, and the fund must have at least ten securities. MSCI Ratings are currently unavailable for this fund.

ESG Integration

ESG Integration

ESG integration is the practice of incorporating financially material environmental, social and governance (ESG) data or information into the investment decision process with the objective of enhancing risk-adjusted returns of our clients’ portfolios. Unless otherwise stated in Fund documentation or included within the Fund's investment objective, inclusion of this statement does not imply that the Fund has an ESG-aligned investment objective or strategy, but rather describes how ESG data or information is considered as part of the overall investment process.

Where applicable, the Fund manager includes ESG considerations in combination with other information in the research and due diligence stage of the investment process. ESG information may be sourced from both internal and external sources and included in the Aladdin risk system. This information may broadly inform investment decisions: ESG criteria are considered in combination with other information. The Fund manager conducts regular portfolio risk reviews between the investment team and BlackRock's Risk and Quantitative Analysis group. These reviews include discussion of the portfolio's exposure to material ESG risks, as well as exposure to sustainability-related business involvements, climate-related metrics, and other factors, where appropriate.

Fees

Fees

on net assets
Gross Expense Ratio 3.50%
Management Fee 0.82%
Interest Expense 2.63%
Other Expenses 0.05%
Acquired Fund Fees and Expenses 0.00%
on managed assets
Acquired Fund Fees and Expenses 0.00%
Interest Expenses 1.77%
Management Fee 0.55%
Other Expenses 0.03%
Gross Expense 2.35%

Fees data reflected above is current as of the latest annual shareholder report.

Ratings

Ratings

Morningstar Rating

4 stars
Overall Morningstar Rating for Taxable Municipal Bond Trust, -, as of May 31, 2024 rated against 3 Long-Term Bond Funds based on risk adjusted total return.

Holdings

Holdings

as of May 31, 2024
Name Weight (%)
MET GOVT NASHVILLE & DAVIDSON 7.431 07/01/2043 2.65
CHICAGO IL WASTEWATER TRANSMISSION 6.9 01/01/2040 2.51
NEW JERSEY ST TPK AUTH TPK REV 7.102 01/01/2041 2.47
FRANKLIN CNTY OHIO CONVENTION FACS 6.64 12/01/2042 2.12
ILLINOIS ST 7.35 07/01/2035 2.11
Name Weight (%)
MUNICIPAL ELEC AUTH GA 6.637 04/01/2057 1.78
REGIONAL TRANSN DIST COLO CTFS PAR 7.672 06/01/2040 1.74
UTAH TRAN AUTH SALES TAX REV 5.705 06/15/2040 1.71
GOLDEN ST TOB SECURITIZATION C 4.214 06/01/2050 1.68
TOBACCO SETTLEMENT FING CORP VA 6.706 06/01/2046 1.63
Holdings are subject to change. Fund holdings and allocations shown are unaudited, and may not be representative of current or future investments. The Fund is actively managed and its details, holdings and characteristics will vary. Holdings shown should not be deemed as a recommendation to buy or sell securities. The user relies on this data at its own risk and neither BlackRock nor any other party makes any representations or express or implied warranties (which are expressly disclaimed) nor shall they incur any liability for any errors or omissions in the data.

Exposure Breakdowns

Exposure Breakdowns

as of May 31, 2024

% Notional Value

Type Fund
as of May 31, 2024

% Notional Value

Type Fund