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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BlackRock Taxable Municipal Bond Trust (BBN)

National Muni Bond Funds - Taxable Municipal Bond Funds

Data as of June 21, 2019
Market Price $23.28 (- $0.02)
NAV (June 21, 2019) $24.08 (- $0.15)
Premium / Discount -3.32% (+0.52%)
Fund Info
Inception Aug. 27, 2010
Sponsor BlackRock Advisors
Website www.blackrock.com/inve...
Phone 1-800-882-0052
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
Alternative Income Index
Capital & Leverage
Outstanding Shares 57,122,387
Total Assets (Reported: Jan. 31, 2019) $2,060M
Estimated Total Assets $1,376M
Net Assets $1,376M
Market Cap $1,330M
Purchases Turnover 13.49%
Sales Turnover 7.81%
Total Leverage 37.03%
Structural Leverage (out of total) 0.00%
Portfolio Leverage (out of total) 100.00%
Expense Ratio 2.46%
Non Lev Exp Ratio 0.92%
Rel Lev Cost 2.61%
Discount Data
Average Discount (3 Yr) -3.42%
Discount Low(3 Yr) -10.93%
Discount High(3 Yr) 2.33%
Discount Rel Range 57.40%
Comp Discount -3.14
Discount St Dev (1Yr) 2.78
Z-Stat (6mo) -0.37
Z-Stat (1Yr) 0.54
Z-Stat (3Yr) 0.04
Comp Z-Stat (6mo) -1.32
Comp Z-Stat (3Yr) -1.27
Distribution Data
Market Yield 6.12%
Income Yield 6.12%
Lev Adj NAV Yield 4.32%
Distribution Frequency M
Current Distribution $0.119
Current Income $0.119
Ex-Date 6/13/19
Payable Date 6/28/19
Div Growth (3yr) -9.86%
Dividend Change -9.9% on 7/2/18
Expected Div 7/1/19
RoC (1yr) 3.44%
RoC (3yr) 1.07%
Tax Dividend Data 2018 2016 - 2018
Income 100% 100%
ST Gains 0% 0%
QDI 0% 0%
LT Gains 0% 0%
RoC 0% 0%
Volume & Liquidity
Average Daily $ (M) $3,305
Avg Volume 30 day 165,512
Avg Volume 90 day 141,949
Volume Trend 16.60%
Comp Volume Trend 11.68%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
Price Correlation (1yr)
vs. CEFA's National Municipal Bond Index
Most Correlated Peer (Mk Pr): GBAB 60.0%
NAV - Price Correlation (30 d) 24.4%
NAV - Price Correlation (90 d) 85.7%
NAV - Price Correlation (1 Yr) 87.9%
Price St Dev (1Yr) 9.8%
NAV St Dev (1Yr) 5.4%
Earnings / Share (4/30/19) $0.115
Earn Coverage 96.55%
Earnings Trend Up
UNII / Share (4/30/19) $0.001
Rel UNII 0.08
UNII Trend Up
Bond Specific Data
Maturity 30.57
Duration 10.68
Credit Rating (rbo) A
Investment Grade 91.84%
Non Investment Grade 6.92%
Unrated Bonds 1.24%
Average Bond Price 86.47
Discount vs Price -16.85
Coupon 9.40%
Zero Coupon 0.00%
AMT 0.00%
AMT Yield 6.12%
Bond Calls Risk 7.97%
NAV Beta (2yr)
vs. S&P 500 (TR)
NAV Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
NAV Beta (2yr)
vs. CEFA's National Municipal Bond Index


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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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