Price Chart

Key Stats

Net Expense Ratio Discount or Premium to NAV Total Assets Under Management 30-Day Average Daily Volume
3.45% -10.53% 929.42M 126015.1
Dividend Yield Turnover Ratio 1 Year Fund Level Flows Max Drawdown (Since Inception)
3.46% 47.00% -- Upgrade

Basic Info

Investment Strategy
The investment objective of the fund is to provide common shareholders with high current income exempt from U.S. federal income taxes. The Fund seeks to achieve its investment objective by investing at least 80% of its assets in municipal bonds exempt from U.S. federal income taxes. The Fund invests at least 75% of its assets in municipal bonds rated investment grade or, if unrated, are deemed to be of comparable quality by the investment adviser, at the time of investment. The Fund may invest directly in such securities or synthetically through the use of derivatives.
General
Security Type Closed-End Fund
Equity Style --
Fixed Income Style --
Broad Asset Class Municipal Bond
Broad Category Fixed Income
Category Name Muni National Long
Category Index Bloomberg Municipal TR USD
Global Category Name US Municipal Fixed Income
YCharts Categorization US Municipal Bond
YCharts Benchmark Bloomberg Municipal Bond (^BBMBTR)
Prospectus Objective Municipal Bond - National
Fund Owner Firm Name BlackRock
Prospectus Benchmark Index
Bloomberg Municipal TR USD 100.0%
Broad Asset Class Benchmark Index
^BBMBTR 100.0%
Manager Tenure
Michael Kalinoski 6.85 yrs
Christian Romaglino 1.68 yrs
Kevin Maloney 1.09 yrs
Kristi Manidis 1.09 yrs
Phillip Soccio 1.09 yrs
Walter O'Connor 1.09 yrs

Performance Versus Category

 
20%
15%
10%
5%
0
View Category Returns. Upgrade now.
Name
1M
3M
YTD
1Y
3Y
5Y
10Y
15Y
Total Return (Price)
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Total Return (NAV)
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Category Rtn. (NAV)
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% Rank in Cat (NAV)
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As of May 01, 2024. Returns for periods of 1 year and above are annualized.

Annual Total Returns Versus Peers

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Name
2017
2018
2019
2020
2021
2022
2023
YTD
5.53%
-5.01%
16.97%
8.93%
6.41%
-21.54%
6.72%
1.10%
5.45%
1.28%
7.54%
5.21%
1.52%
-8.53%
6.40%
-1.56%
8.98%
-9.74%
21.31%
14.61%
2.65%
-24.20%
10.18%
-1.44%
8.08%
-5.45%
20.68%
0.20%
8.07%
-23.69%
2.04%
-1.63%
5.07%
-5.53%
22.86%
7.04%
3.01%
-28.08%
7.83%
-0.51%
8.75%
-8.89%
24.23%
1.68%
7.13%
-25.43%
8.29%
-0.32%
As of May 01, 2024.

Asset Allocation

As of December 31, 2023.
Type % Net % Long % Short
Cash 2.80% Upgrade Upgrade
Stock 0.00% Upgrade Upgrade
Bond 97.20% Upgrade Upgrade
Convertible 0.00% Upgrade Upgrade
Preferred 0.00% Upgrade Upgrade
Other 0.00% Upgrade Upgrade

Basic Info

Investment Strategy
The investment objective of the fund is to provide common shareholders with high current income exempt from U.S. federal income taxes. The Fund seeks to achieve its investment objective by investing at least 80% of its assets in municipal bonds exempt from U.S. federal income taxes. The Fund invests at least 75% of its assets in municipal bonds rated investment grade or, if unrated, are deemed to be of comparable quality by the investment adviser, at the time of investment. The Fund may invest directly in such securities or synthetically through the use of derivatives.
General
Security Type Closed-End Fund
Equity Style --
Fixed Income Style --
Broad Asset Class Municipal Bond
Broad Category Fixed Income
Category Name Muni National Long
Category Index Bloomberg Municipal TR USD
Global Category Name US Municipal Fixed Income
YCharts Categorization US Municipal Bond
YCharts Benchmark Bloomberg Municipal Bond (^BBMBTR)
Prospectus Objective Municipal Bond - National
Fund Owner Firm Name BlackRock
Prospectus Benchmark Index
Bloomberg Municipal TR USD 100.0%
Broad Asset Class Benchmark Index
^BBMBTR 100.0%
Manager Tenure
Michael Kalinoski 6.85 yrs
Christian Romaglino 1.68 yrs
Kevin Maloney 1.09 yrs
Kristi Manidis 1.09 yrs
Phillip Soccio 1.09 yrs
Walter O'Connor 1.09 yrs

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