BlackRock Taxable Municipal Bond Trust

Frequently Asked Questions About BBN

What does BBN invest in?

The BlackRock Taxable Municipal Bond Trust is a closed-ended investment fund sponsored by BlackRock, Inc., and expertly managed by BlackRock Advisors, LLC. This trust primarily allocates its capital within the United States' fixed income markets. Its core holdings are taxable municipal securities, notably including Build America Bonds. Beyond this, the fund diversifies its portfolio with investments in tax-exempt securities, U.S. Treasury obligations, debt from U.S. government agencies and instrumentalities, and corporate debt instruments. Previously, it operated under the name BlackRock Build America Bond Trust. Established on August 27, 2010, the trust is domiciled within the United States.

What is the expense ratio of BBN?

BlackRock Taxable Municipal Bond Trust (BBN) charges an expense ratio of 3.10%. This is the annual fee deducted from fund assets to cover management and operations.

What is BBN's dividend yield?

BBN's trailing-twelve-month yield is 8.06%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of BBN?

Effective duration measures BBN's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. BBN's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of BBN?

BBN's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of BBN?

Yield to maturity (YTM) is the total return you'd earn from BBN if every bond in the portfolio is held to maturity at the current price. BBN's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.