Fixed Income

BBN

Taxable Municipal Bond Trust

  • NAV as of Apr 02, 2025 $17.52
    52 WK: 16.80 - 18.63
  • Morningstar Rating
  • NAV Total Return as of: Feb 28, 2025 YTD: 4.35%
  • Distribution Rate as of Apr 02, 2025 6.68%
  • Market Price as of Apr 02, 2025 $16.68
  • Market Price Total Return as of: Feb 28, 2025 YTD: 6.13%
  • Premium Discount as of Apr 02, 2025 -4.79%

Overview

Loading

Performance

Performance

Distributions

View full chart
Chart
Bar chart with 10 bars.
The chart has 1 X axis displaying categories.
The chart has 1 Y axis displaying Total Distribution. Range: 0 to 0.1.
End of interactive chart.
Chart
Bar chart with 10 bars.
The chart has 1 X axis displaying categories.
The chart has 1 Y axis displaying Total Distribution. Range: 0 to 2.
End of interactive chart.

Past distributions are not indicative of future distributions.


If a Fund estimates that it has distributed more than its income and net realized capital gains in the current fiscal year; a portion of its distribution may be a return of capital. A return of capital may occur, for example, when some or all of a shareholder's investment is paid back to the shareholder. A return of capital distribution does not necessarily reflect a Fund's investment performance and should not be confused with 'yield' or 'income'. When distributions exceed total return performance, the difference will reduce the Fund's net asset value per share. Although the character of income will not be determined until the end of the fund’s fiscal year, please refer to the 'Closed-End Fund Resources' section of the BlackRock website for Section 19 notices that provide estimated amounts and sources of the fund's distributions, which should not be not be relied upon for tax reporting purposes. A Form 1099-DIV for the calendar year will be sent to shareholders to illustrate how the Fund’s distributions should be reported for federal income tax purposes.

  1y 3y 5y 10y
NAV Total Return (%) 1.45 -5.85 -0.57 3.26
Market Price Total Return (%) 5.98 -8.84 -1.84 3.45
  YTD 1m 3m 1y 3y 5y 10y
NAV Total Return (%) 1.45 -3.58 - 1.45 -16.54 -2.82 37.86
Market Price Total Return (%) 5.98 -4.85 - 5.98 -24.25 -8.87 40.41
  2020 2021 2022 2023 2024
NAV Total Return (%) 10.14 5.73 -26.58 12.04 1.45
Market Price Total Return (%) 17.08 2.75 -30.99 3.57 5.98

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 Apr 02, 2025
$1,082,605,216
Share Class launch date
Aug 27, 2010
Asset Class
Fixed Income
Morningstar Category
Long-Term Bond
Premium Discount
as of Apr 02, 2025
-4.79%
Number of Holdings
as of Feb 28, 2025
202
Managed Assets
as of Apr 02, 2025
$1,590,344,490.78
Exchange
New York Stock Exchange Inc.
Shares Outstanding
as of Apr 02, 2025
61,792,514
Lipper Classification
General Bond Funds
CUSIP
09248X100

Portfolio Characteristics

Portfolio Characteristics

Distribution Rate
as of Apr 02, 2025
6.68%
Average Coupon
as of Feb 28, 2025
6.09%
Effective Duration
as of Feb 28, 2025
10.87 yrs
WAL to Maturity
as of Feb 28, 2025
21.93 yrs
% Leveraged
as of Feb 28, 2025
32.05%
% Insured
as of Feb 28, 2025
3.45%
Yield to Maturity
as of Feb 28, 2025
6.24%
Yield to Worst
as of Feb 28, 2025
6.18%
WAL to Worst
as of Feb 28, 2025
19.62 yrs
Leverage
as of Feb 28, 2025
$ 516,029,789.00
% AMT Bonds
as of Feb 28, 2025
0.37%

Fees

Fees

on net assets
Gross Expense Ratio 3.40%
Management Fee 0.81%
Interest Expense 2.55%
Other Expenses 0.04%
Acquired Fund Fees and Expenses 0.00%
on managed assets
Acquired Fund Fees and Expenses 0.00%
Interest Expenses 1.74%
Management Fee 0.55%
Other Expenses 0.03%
Gross Expense 2.32%

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

Ratings

Morningstar Rating

4 stars
Overall Morningstar Rating for Taxable Municipal Bond Trust, as of Mar 31, 2025 rated against 3 Long-Term Bond Funds based on risk adjusted total return.

Holdings

Holdings

as of Feb 28, 2025
Name Weight (%)
MET GOVT NASHVILLE & DAVIDSON 7.431 07/01/2043 2.63
CHICAGO IL WASTEWATER TRANSMISSION 6.9 01/01/2040 2.54
NEW JERSEY ST TPK AUTH TPK REV 7.102 01/01/2041 2.47
ILLINOIS ST 7.35 07/01/2035 1.92
MUNICIPAL ELEC AUTH GA 6.637 04/01/2057 1.82
Name Weight (%)
PENNSYLVANIA ECONOMIC DEV FING AUT 6.532 06/15/2039 1.60
TOBACCO SETTLEMENT FING CORP VA 6.706 06/01/2046 1.57
AMERICAN MUN PWR OHIO INC 7.834 02/15/2041 1.57
SALT RIVER PROJ AZ 4.839 01/01/2041 1.48
MUNICIPAL ELEC AUTH GA 6.655 04/01/2057 1.45
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 Feb 28, 2025

% Notional Value

as of Feb 28, 2025

% Notional Value

as of Feb 28, 2025

% Notional Value

Show More
as of Feb 28, 2025

% Notional Value

Show More
as of Feb 28, 2025

% Notional Value

as of Feb 28, 2025

% Notional Value

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 Feb 28, 2025
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 
Michael Kalinoski, CFA 
Director, Portfolio Manager, Municipal Mutual Funds
Read More

Michael Kalinoski, CFA , Director, is a portfolio manager on the Municipal Mutual Fund Desk within BlackRock's Municipal Fixed Income business in BlackRock's Portfolio Management Group.

 

Mr. Kalinoski's service with the firm dates back to 1999, including his years with Merrill Lynch Investment Managers (MLIM), which merged with BlackRock in 2006. At MLIM, he was a member of the tax-exempt fixed income team responsible for managing a number of national and state funds. Prior to joining MLIM in 1999, Mr. Kalinoski was a municipal trader with Strong Capital Management.

 

Mr. Kalinoski earned a BS degree in accounting from Marquette University in 1992.

Kevin Maloney, CFA
Kevin Maloney, CFA
Managing Director, Co-Head and Portfolio Manager, Municipal Mutual Funds

  

Read More

Kevin Maloney, CFA, Managing Director and Co-Head of the Municipal Funds team, is a Portfolio Manager within the Municipal Fixed Income business in BlackRock's Portfolio Management Group. He is also a member of the Municipal Management Committee, which oversees all municipal bond portfolio management, research, and trading activities.

 

Mr. Maloney began his career at BlackRock in 2011 as a research analyst on the Municipal Credit Research Team.

 

He graduated from Drexel University in 2011 with a BS degree in Finance.

Walter O'Connor, CFA
Walter O'Connor, CFA
Managing Director, Co-Head and Portfolio Manager, Municipal Mutual Funds

  

Read More

Walter O'Connor, CFA, Managing Director and Co-Head of the Municipal Funds team within the Municipal Fixed Income business in BlackRock's Portfolio Management Group. He is also a member of the Municipal Management Committee, which oversees all municipal bond portfolio management, research and trading activities.

 

Mr. O'Connor's service with the firm dates back to 1991, including his years with Merrill Lynch Investment Managers (MLIM), which merged with BlackRock in 2006. At MLIM, he was a portfolio manager for municipal bond retail mutual funds. Prior to joining MLIM, Mr. O'Connor was with Prudential Securities, where he was involved in trading, underwriting, and arbitrage for municipal securities and financial futures.

 

Mr. O'Connor earned a BA degree in finance and philosophy from the University of Notre Dame in 1984.

Kristi Manidis
Kristi Manidis
Director, Portfolio Manager, Municipal Mutual Funds

  

Read More

Kristi Manidis, Director, is a Portfolio Manager for the Municipal Fixed Income business in BlackRock's Portfolio Management Group.

 

Prior to moving to her current role in 2009, Ms. Manidis was a trader and portfolio manager on various high net worth equity and balanced separately managed accounts. Previously, she was responsible for institutional client service and marketing for BlackRock's Cash Management Group. Ms. Manidis began her career at BlackRock in 2003.

 

Ms. Manidis earned a BS degree in Business Administration, with concentrations in Finance and Management Information Systems, from Drexel University in 2003.

Christian Romaglino, CFA
Christian Romaglino, CFA
Director, Portfolio Manager, Municipal Mutual Funds

   

Read More

Christian Romaglino, CFA, Director, is a Portfolio Manager for the Municipal Fixed Income business within BlackRock's Portfolio Management Group.
Prior to joining BlackRock in 2017, Mr. Romaglino was a Portfolio Manager at Brown Brothers Harriman focusing on a diverse set of institutional mandates and high net worth SMAs. Mr. Romaglino also held various trading and portfolio construction positions at Brown Brothers Harriman across several taxable fixed income sectors prior to 2010 when he transitioned to Municipals.
Mr. Romaglino earned a BS degree in Industrial Engineering from Lehigh University.

Phillip Soccio, CFA
Phillip Soccio, CFA
Director, Portfolio Manager, Municipal Mutual Funds

  

Read More

Phillip Soccio, CFA, Director, is a Portfolio Manager for the Municipal Fixed Income business in BlackRock's Portfolio Management Group. Prior to assuming his current role in 2007, Mr. Soccio was a member of BlackRock's Cash Management Group, where he was responsible for managing various tax-exempt money market funds. From 1998 to 2000, he was a member of BlackRock's Account Management Group responsible for institutional client service and marketing support. Mr. Soccio began his career at BlackRock in 1998.

Mr. Soccio earned a BS degree in finance from Wilmington University.

Portfolio Manager

There are many ways to access BlackRock Funds, learn how you can add them to your portfolio
Learn More Learn More

Discuss with your financial planner today

Share this fund with your financial planner to find out how it can fit in your portfolio.

Buy through your brokerage

BlackRock funds are also available through certain brokerage accounts. Visit your brokerage today to see how you can get started.

Carefully consider the Funds' investment objectives, risk factors, and charges and expenses before investing. This and other information can be found in the Funds' prospectuses or, if available, the summary prospectuses, which may be obtained by visiting the iShares ETF and BlackRock Fund prospectus pages. Read the prospectus carefully before investing. Investing involves risk, including possible loss of principal.

The Funds are distributed by BlackRock Investments, LLC (together with its affiliates, “BlackRock”).

©2020 BlackRock, Inc. All rights reserved. BLACKROCK, BLACKROCK SOLUTIONS, BUILD ON BLACKROCK, ALADDIN, iSHARES, iBONDS, iTHINKING, iSHARES CONNECT, FUND FRENZY, LIFEPATH, SO WHAT DO I DO WITH MY MONEY, INVESTING FOR A NEW WORLD, BUILT FOR THESE TIMES, the iShares Core Graphic, CoRI and the CoRI logo are registered and unregistered trademarks of BlackRock, Inc., or its subsidiaries in the United States and elsewhere. All other marks are the property of their respective owners.

USR-9694