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Key Stats

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Expense Ratio Discount or Premium to NAV Total Assets Under Management 30-Day Average Daily Volume
1.34% -10.15% 479.14M 173291.0
Dividend Yield Turnover Ratio 1 Year Fund Level Flows Max Drawdown (All)
6.06% 13.00% -- Upgrade

Basic Info

Investment Strategy
The Trust seeks to achieve its investment objective by investing at least 80% of an aggregate of the Trust’s net assets and the proceeds of any borrowing for investment purposes, in municipal obligations exempt from U.S. federal income taxes. Under normal market conditions, the Trust primarily invests in long term municipal obligations rated investment grade at the time of investment and in long term municipal obligations with maturities of more than ten years at the time of investment. The Trust may invest up to 20% of its total assets in securities rated below investment grade or deemed equivalent at the time of purchase.
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
Prospectus Objective Municipal Bond - National
Fund Owner Firm Name BlackRock
Prospectus Benchmark Index
S&P Municipal Bond TR 100.0%
Broad Asset Class Benchmark Index
^BBMBTR 100.0%
Manager Tenure
Theodore Jaeckel 15.93 yrs
Michael Perilli 0.45 yrs
Phillip Soccio 0.45 yrs

Net Fund Flows Versus Category

1M
3M
6M
YTD
1Y
3Y
5Y
10Y
 
80.00B
60.00B
40.00B
20.00B
0
-20.00B
No Data Available
1 Month
% Rank: --
-- Category Low
-- Category High
1 Year
% Rank: --
-1.413B Category Low
10.07B Category High
3 Months
% Rank: --
-- Category Low
-- Category High
3 Years
% Rank: --
-- Category Low
-- Category High
6 Months
% Rank: --
-- Category Low
-- Category High
5 Years
% Rank: --
-- Category Low
-- Category High
YTD
% Rank: --
-- Category Low
-- Category High
10 Years
% Rank: --
-- Category Low
-- Category High
Date Unavailable

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)
--
--
--
--
--
--
--
--
Total Return (NAV)
--
--
--
--
--
--
--
--
Category Rtn. (NAV)
--
--
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--
--
--
--
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% Rank in Cat (NAV)
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As of September 30, 2022. Returns for periods of 1 year and above are annualized.

Annual Total Returns Versus Peers

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Name
2015
2016
2017
2018
2019
2020
2021
YTD
10.37%
-0.60%
5.90%
-9.04%
15.84%
5.62%
8.64%
-27.90%
3.30%
0.25%
5.45%
1.28%
7.54%
5.21%
1.52%
-12.13%
7.37%
4.82%
9.05%
-12.97%
14.99%
13.26%
7.38%
-27.78%
10.88%
-0.62%
7.64%
-8.58%
22.08%
14.59%
5.20%
-36.18%
10.01%
-1.51%
7.70%
-7.54%
17.64%
12.72%
7.62%
-26.85%
12.12%
-1.63%
7.30%
-10.28%
18.70%
5.49%
11.59%
-33.78%
As of September 30, 2022.

Fundamentals

General
Distribution Yield Upgrade
Dividend Yield TTM (9-30-22) 6.06%
30-Day SEC Yield --
7-Day SEC Yield (10-28-10) Upgrade
Number of Holdings Upgrade
Bond
Current Yield 4.78%
Yield to Maturity --
Effective Duration --
Average Coupon Upgrade
Average Credit Score Upgrade
Average Price Upgrade
As of June 30, 2022

Asset Allocation

As of June 30, 2022.
Type % Net % Long % Short
Cash -45.67% Upgrade Upgrade
Stock 0.00% Upgrade Upgrade
Bond 145.7% Upgrade Upgrade
Convertible 0.00% Upgrade Upgrade
Preferred 0.00% Upgrade Upgrade
Other 0.00% Upgrade Upgrade

Top 10 Holdings

Name % Weight Price % Change
PUERTO RICO SALES TAX FING CORP SALES TAX REV 5%
2.43% -- --
TENDER OPT BD TR RCPTS / CTFS VAR STS 9.551%
2.26% -- --
SALT VERDE FINL CORP GAS REV ARIZ 5%
2.02% -- --
NEW JERSEY ECONOMIC DEV AUTH REV 5.375%
1.98% -- --
CENTRAL FLA EXPWY AUTH SR LIENREV 5%
1.92% -- --
UNIVERSITY N C CHAPEL HILL REV 1.614%
1.90% -- --
GREATER ORLANDO AVIATION AUTH ORLANDO FLA ARPT FACS REV 4%
1.77% -- --
MAINE ST TPK AUTH TPK REV 5%
1.75% -- --
MIAMI-DADE CNTY FLA EXPWY AUTH TOLL SYS REV 5%
1.75% -- --
NEW JERSEY ST TRANSN TR FD AUTH 5.25%
1.71% -- --

Basic Info

Investment Strategy
The Trust seeks to achieve its investment objective by investing at least 80% of an aggregate of the Trust’s net assets and the proceeds of any borrowing for investment purposes, in municipal obligations exempt from U.S. federal income taxes. Under normal market conditions, the Trust primarily invests in long term municipal obligations rated investment grade at the time of investment and in long term municipal obligations with maturities of more than ten years at the time of investment. The Trust may invest up to 20% of its total assets in securities rated below investment grade or deemed equivalent at the time of purchase.
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
Prospectus Objective Municipal Bond - National
Fund Owner Firm Name BlackRock
Prospectus Benchmark Index
S&P Municipal Bond TR 100.0%
Broad Asset Class Benchmark Index
^BBMBTR 100.0%
Manager Tenure
Theodore Jaeckel 15.93 yrs
Michael Perilli 0.45 yrs
Phillip Soccio 0.45 yrs

Fundamentals

General
Distribution Yield Upgrade
Dividend Yield TTM (9-30-22) 6.06%
30-Day SEC Yield --
7-Day SEC Yield (10-28-10) Upgrade
Number of Holdings Upgrade
Bond
Current Yield 4.78%
Yield to Maturity --
Effective Duration --
Average Coupon Upgrade
Average Credit Score Upgrade
Average Price Upgrade
As of June 30, 2022

Fund Details

Key Dates
Inception Date 9/23/1988
Last Annual Report Date 8/31/2021
Last Prospectus Date 8/27/2004
Attributes
Enhanced Index Fund No
Index Fund No
Inverse Fund No
Leveraged Fund Yes
Fund of Funds No
Currency Hedged Fund No
Synthetic Replication Fund No
Has Dividend Investment Plan Yes
Socially Responsible Fund No

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