CEF Advisors

7204 Glen Forest Drive, Suite #105 Richmond, Virginia 23226 USA   ♦   Toll-Free: (800) 356-3508 / Local: (804) 288-2482    ♦   www.CEFadvisors.com   ♦   Contact@CEFadvisors.com

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BR Taxable Muni BndTr (BBN)

National Muni Bond Funds - Taxable Municipal Bond Funds

Data as of Dec. 12, 2017
Current
Market Price $23.13 (- $0.11)
NAV (Dec. 12, 2017) $23.87 ( $0.00)
Premium / Discount -3.10% (-0.46%)
Fund Info
Inception Aug. 27, 2010
Sponsor BlackRock Advisors
Website www.blackrock.com/inve...
Phone 1-800-882-0052
NAV Symbol XBBNX
Objective: High current income; Taxable municipal securities for capital projects. The Trust invests at least 80% of its managed assets in taxable municipal securities, which include BABs
Related Indexes
12 Major CEF Sectors Index
60/40 Balanced (w/ BDCs) Index
Investment Grade Bond Index
Taxable Bond & BDC Index
Capital & Leverage
Outstanding Shares 57,122,387
Gross Assets $2,075M
Net Assets $1,364M
Market Cap $1,321M
Purchases Turnover 7.25%
Sales Turnover 9.89%
Total Leverage 35.72%
Structural Leverage (out of total) 0.00%
Portfolio Leverage (out of total) 35.72%
Expense Ratio 1.52%
Non Lev Exp Ratio 0.92%
Rel Lev Cost 1.08%
Discount Data
Average Discount (3 Yr) -4.20%
Discount Low(3 Yr) -10.91%
Discount High(3 Yr) 2.33%
Discount Rel Range 59.00%
Comp Discount 0.67
Discount St Dev (1Yr) 1.34
Z-Stat
Z-Stat (6mo) -1.69
Z-Stat (1Yr) -1.02
Z-Stat (3Yr) 0.32
Comp Z-Stat (6mo) -0.60
Comp Z-Stat (3Yr) -0.07
Distribution Data
Market Yield 6.84%
Income Yield 6.84%
Lev Adj NAV Yield 4.88%
Distribution Frequency M
Current Distribution $0.132
Current Income $0.132
Ex-Date 12/11/17
Payable Date 12/19/17
Div Growth (3yr) 0.00%
Dividend Change 1.5% on 3/1/12
Expected Div 1/2/18
RoC (1yr) 0.00%
RoC (3yr) 0.00%
Volume & Liquidity
Average Daily $ (M) $2,233
Avg Volume 30 day 87,564
Avg Volume 90 day 96,530
Volume Trend -9.29%
Comp Volume Trend -4.14%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
-3.0%
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
38.0%
Price Correlation (1yr)
vs. CEFA's National Municipal Bond Index
68.0%
Most Correlated Peer (Mk Pr): NBB 69.0%
NAV - Price Correlation (30 d) 62.3%
NAV - Price Correlation (90 d) -2.9%
NAV - Price Correlation (1 Yr) 89.1%
Price St Dev (1Yr) 8.3%
NAV St Dev (1Yr) 6.0%
Earnings
Earnings / Share (10/31/17) $0.127
Earn Coverage 96.05%
Earnings Trend Down
UNII / Share (10/31/17) $0.110
Rel UNII 6.97
UNII Trend Down
Bond Specific Data
Maturity 32.90
Duration 11.67
Credit Rating (rbo) A
Investment Grade 95.20%
Non Investment Grade 4.79%
Unrated Bonds 0.00%
Average Bond Price 83.83
Discount vs Price -19.27
Coupon 10.18%
Zero Coupon 0.00%
AMT 2.13%
AMT Yield 6.80%
Bond Calls Risk 2.81%
Performance
NAV Beta (2yr)
vs. S&P 500 (TR)
-0.19
NAV Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
0.02
NAV Beta (2yr)
vs. CEFA's National Municipal Bond Index
0.90

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CEFData.com makes data for the universe of closed-end funds (CEFs) and business development companies (BDCs) available to its users. This material is not intended to be relied upon as investment advice or recommendations, does not constitute a solicitation to buy or sell securities and should not be considered specific legal, investment or tax advice. This site does not list all the risks associated with each fund. Investors should contact a fund’s sponsor for fund-specific risk information and/or contact a financial advisor before investing.

NOTES: Distribution type sourced from CEFdata.com. For specific information about a fund's distribution sources, visit the fund sponsor's website.

The following information applies to closed-end funds and business development companies in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation (FDIC). Shares of closed-end funds (CEFs) and business development companies (BDCs) are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds and business development companies frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

This material is presented for informational purposes only. Under no circumstances is it to be considered an offer to sell, or a solicitation to buy any investment referred to on this page. While the information contained herein is from sources believed reliable, we do not represent that it is accurate or complete and it should not be relied upon as such. Past performance is not necessarily indicative of future results. All investments involve risk including the loss of principal. Returns are presented gross of investment management fees and other appropriate fees (i.e. commissions, custodial fees, etc.).

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