# BlackRock Taxable Municipal Bond Trust (BBN): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/bbn for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: BlackRock · Asset class: Fixed Income - Strategy: Thematic · Inception: 2010-08-27 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 Bu... ## Key Facts | Metric | Value | |---|---| | Price | $14.68 | | Expense Ratio | 3.10% | | Assets Under Management | $986.6M | | NAV | $15.97 | | Holdings Count | 211 | | Distribution Yield (TTM) | 8.06% | | Annual Distribution (TTM) | $1.18 /share | | Distribution Frequency | Monthly | | 52-Week Range | $14.16 – $17.45 | | Beta | 0.66 | ## Latest Distribution - Amount: $0.0986 /share - Ex-date: 2026-12-11 - Pay date: 2026-12-22 ## Frequently Asked Questions ### 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. ### Does BBN pay a dividend? Yes, BlackRock Taxable Municipal Bond Trust (BBN) distributes dividends to shareholders. The trailing-twelve-month yield is 8.06%. Full dividend history is on this page. ### How often does BBN pay dividends? BlackRock Taxable Municipal Bond Trust pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### When is BBN's next ex-dividend date? The most recently announced ex-dividend date for BBN was 2026-12-11. The next ex-date typically follows Monthly; once announced it appears at the top of the dividend history table on this page. ### How much will BBN's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 3.10% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does BBN charge its expense ratio? The expense ratio is deducted in tiny daily slices from BBN's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does BBN cost more than a fund like VOO? BBN's strategy (current expense ratio 3.10%) is different from a broad-market index tracker like VOO, so its fee belongs to a different cohort. The Cost Verdict card above shows you where BBN sits within its own category, which is the comparison that actually matters. ### Are there cheaper alternatives to BBN? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as BBN (3.10%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/bbn - Distribution history: https://www.dividenddata.com/funds/bbn/dividend - Holdings & diversification: https://www.dividenddata.com/funds/bbn/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/bbn/expenses - Peer comparison: https://www.dividenddata.com/funds/bbn/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.