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Key Stats

Net Expense Ratio Discount or Premium to NAV Total Assets Under Management 30-Day Average Daily Volume
2.85% -7.95% 930.25M 137579.4
Dividend Yield Turnover Ratio 1 Year Fund Level Flows Max Drawdown (Since Inception)
4.31% 37.00% -- Upgrade

Basic Info

Investment Strategy
The Fund investment objective is to provide shareholders with as high a level of current income exempt from federal income taxes as is consistent with its investment policies and prudent investment management. The Fund seeks to achieve its investment objective by investing at least 80% of its assets in municipal bonds exempt from federal income taxes. The Fund invests in municipal bonds which are in the three highest quality rating categories (A or better) or, if unrated, of comparable quality at the time of investment. The Fund invests primarily in long-term municipal bonds with maturities of more than ten years at the time of investment.
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 Bond 100.0%
Broad Asset Class Benchmark Index
^BBMBTR 100.0%
Manager Tenure
Christian Romaglino 2.03 yrs
Michael Kalinoski 2.03 yrs
Phillip Soccio 1.67 yrs
Kevin Maloney 1.09 yrs
Kristi Manidis 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 April 23, 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
8.98%
-9.74%
21.31%
14.61%
2.65%
-24.20%
10.18%
-0.35%
5.45%
1.28%
7.54%
5.21%
1.52%
-8.53%
6.40%
-1.40%
5.53%
-5.01%
16.97%
8.93%
6.41%
-21.54%
6.72%
1.97%
7.13%
-8.03%
17.03%
11.58%
6.99%
-20.51%
8.76%
-3.62%
8.08%
-5.45%
20.68%
0.20%
8.07%
-23.69%
2.04%
-1.54%
8.04%
-8.14%
18.86%
12.47%
8.47%
-25.70%
5.80%
-2.51%
As of April 23, 2024.

Asset Allocation

As of December 31, 2023.
Type % Net % Long % Short
Cash 2.55% Upgrade Upgrade
Stock 0.00% Upgrade Upgrade
Bond 97.45% Upgrade Upgrade
Convertible 0.00% Upgrade Upgrade
Preferred 0.00% Upgrade Upgrade
Other 0.00% Upgrade Upgrade

Basic Info

Investment Strategy
The Fund investment objective is to provide shareholders with as high a level of current income exempt from federal income taxes as is consistent with its investment policies and prudent investment management. The Fund seeks to achieve its investment objective by investing at least 80% of its assets in municipal bonds exempt from federal income taxes. The Fund invests in municipal bonds which are in the three highest quality rating categories (A or better) or, if unrated, of comparable quality at the time of investment. The Fund invests primarily in long-term municipal bonds with maturities of more than ten years at the time of investment.
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 Bond 100.0%
Broad Asset Class Benchmark Index
^BBMBTR 100.0%
Manager Tenure
Christian Romaglino 2.03 yrs
Michael Kalinoski 2.03 yrs
Phillip Soccio 1.67 yrs
Kevin Maloney 1.09 yrs
Kristi Manidis 1.09 yrs
Walter O'Connor 1.09 yrs

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