BlackRock Taxable Municipal Bond Trust (BBN)

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BlackRock Taxable Municipal Bond Trust (BBN) is up 1.3% since the beginning of the year. BBN is currently trading at $16 per share. Investors who bought $1,000 worth of BBN shares 5 years ago would now be looking at an investment worth $908.

BlackRock Taxable Municipal Bond Trust (BBN) has returned 1.25% so far this year and 9.27% over the past 12 months. Over the last ten years, BBN has returned 2.83% per year, falling short of the S&P 500 Index benchmark, which averaged 13.75% annually.

Based on dividend-adjusted daily data since Aug 30, 2010, BBN's average daily return is +0.03%, while the average monthly return is +0.52%. At this rate, an investment would double in approximately 11.1 years.

Historically, 60% of months were positive and 40% were negative. The best month was Nov 2022 with a return of +10.3%, while the worst month was Sep 2022 at -13.6%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 6 months.

On a daily basis, BBN closed higher 52% of trading days. The best single day was Nov 10, 2022 with a return of +6.8%, while the worst single day was Mar 18, 2020 at -12.2%.

BlackRock Taxable Municipal Bond Trust has an annualized alpha of 4.17%, beta of 0.17, and R2 of 0.04 versus S&P 500 Index. Calculated based on daily prices since August 31, 2010.

• This fund participated in 35.97% of S&P 500 Index downside but only 32.82% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.17 may look defensive, but with R2 of 0.04 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.04 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

BBN has a high expense ratio of 2.32%, indicating above-average management fees.

BBN ranks 12 for risk / return — in the bottom 12% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.

The table below present risk-adjusted performance metrics for BlackRock Taxable Municipal Bond Trust (BBN) and compare them to S&P 500 Index.

BlackRock Taxable Municipal Bond Trust provided a 7.31% dividend yield over the last twelve months, with an annual payout of $1.17 per share.

The table displays the monthly dividend distributions for BlackRock Taxable Municipal Bond Trust. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the BlackRock Taxable Municipal Bond Trust. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the BlackRock Taxable Municipal Bond Trust was 38.37%, occurring on Oct 25, 2023. The portfolio has not yet recovered.

The current BlackRock Taxable Municipal Bond Trust drawdown is 18.08%.

The chart below shows the rolling one-month volatility.