Blackrock 2037 Municipal Target Term Trust (BMN)

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

The chart shows the growth of an initial investment of $10,000 in Blackrock 2037 Municipal Target Term Trust, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

Blackrock 2037 Municipal Target Term Trust (BMN) has returned 0.14% so far this year and 7.01% over the past 12 months.

Based on dividend-adjusted daily data since Oct 27, 2022, BMN's average daily return is +0.02%, while the average monthly return is +0.47%. At this rate, your investment would double in approximately 12.3 years.

Historically, 64% of months were positive and 36% were negative. The best month was Nov 2023 with a return of +9.3%, while the worst month was Apr 2025 at -5.0%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 3 months.

On a daily basis, BMN closed higher 49% of trading days. The best single day was Nov 7, 2023 with a return of +3.7%, while the worst single day was Mar 12, 2026 at -2.6%.

Blackrock 2037 Municipal Target Term Trust has an annualized alpha of 4.97%, beta of 0.06, and R² of 0.01 versus S&P 500 Index. Calculated based on daily prices since October 28, 2022.

• This fund participated in 53.52% of S&P 500 Index downside but only 35.53% of its upside — more exposed to losses than it benefited from rallies.
• Beta of 0.06 may look defensive, but with R² of 0.01 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 0.01 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.

BMN has a high expense ratio of 0.93%, indicating above-average management fees.

BMN ranks 27 for risk / return — below 27% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.

The table below present risk-adjusted performance metrics for Blackrock 2037 Municipal Target Term Trust (BMN) and compare them to a chosen benchmark (S&P 500 Index).

Blackrock 2037 Municipal Target Term Trust provided a 4.34% dividend yield over the last twelve months, with an annual payout of $1.13 per share.

The table displays the monthly dividend distributions for Blackrock 2037 Municipal Target Term 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 2037 Municipal Target Term 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 2037 Municipal Target Term Trust was 13.04%, occurring on Oct 30, 2023. Recovery took 130 trading sessions.

The current Blackrock 2037 Municipal Target Term Trust drawdown is 5.44%.

The chart below shows the rolling one-month volatility.