BlackRock Long-Term Muni Adv Common

Under normal market conditions, the trust will invest at least 80% of its total assets in municipal securities and derivatives instruments, with exposure to such bonds or securities. These will be expected to pay interest or income exempt from regular Federal income tax (not including Federal alternative minimum tax). At least 50% of the Trusts investment will be in municipal bonds that at the time of investment are rated investment grade quality. The Trust intends for its bond portfolio to consist primarily of long-term bonds and will normally have a dollar weighted average maturity of greater than ten years. The Trust may invest up to 25% of its net assets in residual interest municipal tender option bonds, which are derivative interests in municipal bonds. The Trust may also invest in securities of other open- or closed-end investment companies that invest primarily in municipal bonds and in tax-exempt preferred shares that pay dividends exempt from Federal income tax.

Key stats

Management firm  BlackRock
Domicile  United States
Global Branding Name  BlackRock
12 month yield  5.97%
Fund currency  USD
Launch Date  2006-02-23
ISIN  US09250B1035
SEDOL  B0ZKLK1
Manager 1 Name  Robert DiMella
Manager 2 Name  Robert Sneeden
Fund Strategy  High Yield Muni
Benchmark  Barclays Municipal TR USD
Fund Structure  Closed Ended Investment Company
UCITS 3 compliant  no

Performance/Volatility

Return Date  2014-08-31
Return - 1 Month  2.40%
Return - 2 Months  2.92 %
Return - 3 Months  3.11%
Return - 6 Months  9.55 %
Return - 9 months  16.21 %
Return - 12 Months  22.32%
Annualized return 24 months  5.38 %
Annualized return 36 months  10.50 %
Annualized return 48 months  8.37 %
Annualized return 60 months  10.50 %
Return 120 months  0.00 %
Annualized return since Inception  4.63%
Return YTD  16.61%

Ratings

Morning Star Rating Date   2014-08-31
Morning Star Rating - 36 Months  fund has a 3 star rating fund has a 3 star rating fund has a 3 star rating
Morning Star Rating - 60 Months  fund has a 2 star rating fund has a 2 star rating
Morning Star Rating - Overall  fund has a 2 star rating fund has a 2 star rating

Charges

Initial  0.00 %
Maximum Managment Charge  1.00 %
Exit charge  0.00 %
Performance Fee  0.00 %

Contact

Contact Address  BlackRock Funds
Contact Address 2  P.O. Box 9819
Contact city  Providence
Contact country  United States
Fund Admin Group  BlackRock
Web Address  www.blackrock.com
Email contact  funds@blackrock.com
Custodian  State Street Bank & Trust Co
Phone  800-441-7762

Price

Last Price Date  2014-09-26
Pre-tax nav  11.23
Pre-tax offer  0.00
Pre-tax bid  0.00
Pre-tax mid  0.00
Post-tax nav  0.00
Post-tax offer  0.00
Post-tax bid  0.00
Price change  $-0.04
Price change (percentage)  -0.35 %
Guaranteed NAV  0.00000
Close Price  0.00

Funds Disclaimer

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Ratings Disclaimer

© 2010 - 2011 Morningstar UK Limited. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.
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