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 MuniEnh Fd (MEN)

National Muni Bond Funds - National Municipal (tax-free) Bond

Data as of April 28, 2017
Market Price $11.69 (+ $0.09)
NAV (April 28, 2017) $11.77 (- $0.01)
Premium / Discount -0.68% (+0.85%)
Fund Info
Inception March 2, 1989
Sponsor BlackRock Advisors
Website www.blackrock.com/inve...
Phone 1-800-882-0052
Objective: High current income exempt from federal income taxes; Long-term, investment grade municipal bonds
Related Indexes
National Municipal Bond Index
Capital & Leverage
Outstanding Shares 29,644,041
Gross Assets $581M
Net Assets $349M
Market Cap $347M
Purchases Turnover 9.42%
Sales Turnover 8.94%
Total Leverage 38.25%
Structural Leverage (out of total) 25.24%
Portfolio Leverage (out of total) 13.01%
Expense Ratio 1.64%
Non Lev Exp Ratio 0.88%
Rel Lev Cost 1.25%
Discount Data
Average Discount (3 Yr) -4.42%
Discount Low(3 Yr) -10.18%
Discount High(3 Yr) 2.38%
Discount Rel Range 75.63%
Comp Discount 2.00
Discount St Dev (1Yr) 2.05
Z-Stat (6mo) 1.63
Z-Stat (1Yr) 0.41
Z-Stat (3Yr) 1.13
Comp Z-Stat (6mo) 0.95
Comp Z-Stat (3Yr) 0.53
Distribution Data
Market Yield 5.80%
Income Yield 5.80%
Lev Adj NAV Yield 4.17%
Distribution Frequency M
Current Distribution $0.057
Current Income $0.057
Ex-Date 4/11/17
Payable Date 5/1/17
Div Growth (3yr) -6.61%
Dividend Change -6.6% on 6/1/16
Expected Div 5/1/17
RoC (1yr) 0.00%
RoC (3yr) 0.00%
Volume & Liquidity
Average Daily $ (M) $931
Avg Volume 30 day 60,059
Avg Volume 90 day 79,606
Volume Trend -24.55%
Comp Volume Trend -12.33%
Correlation & Volatility
Correlation (30 d) 36.4%
Correlation (90 d) 86.8%
Correlation (1 Yr) 96.7%
Price St Dev (1Yr) 12.6%
NAV St Dev (1Yr) 4.2%
Earnings / Share (2/28/17) $0.054
Earn Coverage 95.40%
Earnings Trend Up
UNII / Share (2/28/17) $0.120
Rel UNII 17.73
UNII Trend Down
Bond Specific Data
Maturity 20.67
Duration 9.51
Credit Rating (rbo) AA
Investment Grade 99.34%
Non Investment Grade 0%
Unrated Bonds 0.66%
Average Bond Price 103.00
Discount vs Price 2.32
Coupon 4.23%
Zero Coupon 9.10%
AMT 11.97%
AMT Yield 5.61%
Bond Calls Risk 6.00%
NAV Beta (2yr)
vs. iShares 20+ Year Treasury Bond


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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.

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