BLACKROCK BUILD AMERICA BOND TRUST

20.15down-0.18 (-0.89%)

 as of 4:09:45pm ET 04/17/2014

Please note: Closed end funds are subject to the risk of their underlying assets and investment strategy. Unlike open end funds, closed end funds trade on an exchange at a price which is often a discount to their net asset value (NAV). The market price may experience periods of increased volatility due to the use of leverage as well as market and fund illiquidity. Important information you should know about investing in closed-end funds.

Bid --
Bid Size --
Ask --
Ask Size --
Open 20.29
High 20.36
Low 20.13
Previous Close 20.15
Price Performance (Last 52 Wk) -11.78%
Volume 0
Volume (90-Day Average) 268,078
Bid / Ask Spread (1 Month Average) --
Premium / Discount (1 Month Average)^
as of 03/31/2014
-7.96%
NAV
as of 04/16/2014
22.26
NAV Update Frequency DAY
Options No
Detailed Quote
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Security Type

Closed End Fund

Total Leverage Ratio

32.39%

Asset Class

Taxable Bond

Morningstar Category

Long-Term Bond

Prospectus Objective

Municipal Bond - National

Net Assets
AS OF 03/31/2014

$1.3B

Total Expense Ratio (Reported)
AS OF 07/31/2013

1.10%

Sponsor

BlackRock

Inception Date

08/27/2010

Financial Year-End

July 31, 2013

Benchmark Index

Long-Term Bond

Legal Structure

Closed End Fund

Total Holdings
AS OF 01/31/2014

123

Investment Objective Summary

Under normal market conditions, the Trust will invest at least 80% of its Managed Assets in Build America Bonds (BABs). The Trust may invest up to 20% of its Managed Assets in securities other than BABs, including taxable municipal securities that do not qualify for federal subsidy payments under the Act, tax-exempt municipal securities, U.S. Treasury securities and obligations of the U.S. Government, its agencies and instrumentalities. Under normal market conditions, the Trust will invest at least 80% of its Managed Assets in securities that at the time of investment are investment grade quality. Investment grade quality securities are securities rated within the four highest grades (Baa or BBB or better) by Moodys Investor Services, Inc. (Moodys), Standard & Poors Corporation Ratings Group, a division of The McGraw-Hill Companies, Inc. (S&P), or Fitch Ratings, Inc. (Fitch) or securities that are unrated but judged to be of comparable quality by its advisor. The Trust may invest up to 20% of its Managed Assets in securities that at the time of investment are rated below investment grade quality by Moodys, S&P or Fitch or that are unrated but judged to be of comparable quality by the Advisor or the Sub-Advisor. The Trust may implement various temporary defensive strategies at times when the Advisor or Sub-Advisor determines that conditions in the markets or the termination of the Trust makes pursuing the Trusts basic investment strategy inconsistent with the best interests of its shareholders. These strategies may include investing all or a portion of the Trusts assets in U.S. Government obligations and high-quality, short-term debt securities that may be either tax-exempt or taxable.

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News, Commentary & Events

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  • Show article details.

    Form N-CSRS BlackRock Build America For: Jan 31

    EDGAR SEC Filings - 04/02/2014
    http://archive.fast-edgar.com/20140402/AR2ZW22DZM2RR2ZZ272M2MXLFS5MZZ22ZS62. Filed on: April 2, 2014.
  • Show article details.

    Distribution Dates and Amounts Announced for Certain BlackRock Closed-End Funds

    Business Wire - 04/01/2014
    Certain BlackRock closed-end funds announced distributions today as detailed below. * In order to comply with the requirements of Section 19 of the Investment Company Act of 1940, as amended, each of the Funds noted above posted to the DTC bulletin board and sent to their shareholders of record as of the applicable record date a Section 19 notice with the previous distribution payment.

Analyst Opinions

Analyst Ratings

LAST CHANGE
Firm Name As of Date Action Rating Report
Morningstar, Inc.* 12/31/2013 Upgrade 4 out of 54 out of 54 out of 54 out of 54 out of 5
Overall - 6 Large Growth funds rated
More Analyst Opinions

Key Statistics

Bond Holdings Valuation AS OF 01/31/2014

Average Duration --
Average Maturity --
Average Coupon % 6.58%

Distributions as of 04/17/2014

Total Distribution Rate (Market Price) 7.85%
Total Distribution Rate (NAV) 7.16%

Leverage as of --

Total Leverage Ratio 32.39%
1940 Act Leverage Ratio 0.00%
Non-1940 Act Leverage Ratio 32.39%
See all Key Stats

Compare

BBN
BLACKROCK BUILD AMERICA BOND TRUST
Asset Class Median
Market Capitalization
AS OF 01/31/2014
1.8B 436.5M
Volume (10-Day Avg)
AS OF 04/17/2014
189.9K 59.0M
YTD Market Price Total Return
AS OF 03/31/2014
+7.11% +3.77%
1 Month Market Price Total Return
AS OF 03/31/2014
+2.59% +0.35%
1 Year Market Price Total Return
AS OF 03/31/2014
-2.66% -2.12%
1 Year NAV Total Return
AS OF 03/31/2014
-0.04% +6.07%
3 Year Annualized Market Price Total Return
AS OF 03/31/2014
+13.22% -2.12%
Beta (Market Price 1 Yr)
AS OF 03/31/2014
2.64 1.28
Annual Turnover Ratio
AS OF 7/31/2013
4.00% 48.00%
Total Expense Ratio (Reported)
AS OF 07/31/2013
1.10% 1.60%
Total Expense Ratio (Adjusted)
AS OF 07/31/2013
0.86% 0.96%
Compare to Other CEFs

Performance

Premium / Discount to NAV^ as of 03/31/2014

Premium Chart
Date Average
03/2014 -7.96%
02/2014 -8.90%
01/2014 -10.21%
12/2013 -6.77%
11/2013 -12.08%
10/2013 -6.55%
09/2013 -8.87%
08/2013 -7.87%
07/2013 -9.53%
06/2013 -7.04%
05/2013 -9.76%
04/2013 -5.56%
Quarter-End Average Annual Total ReturnsAS OF 03/31/2014
NAV Return Market Return
1 Year -0.04% -2.66%
3 Year +14.21% +13.22%
5 Year -- --
10 Year -- --
Life +11.61% +7.99%
Life as of inception date: 08/27/2010       Gross Expense Ratio: 1.10

The performance data featured represents past performance, which is no guarantee of future results. Investment return and principal value of an investment will fluctuate; therefore, you may have a gain or loss when you sell your shares. Current performance may be higher or lower than the performance data quoted.

More about Performance & Risk

Portfolio Composition

Reported by Fund Sponsor

Top 10 HoldingsAs of 01/31/2014

New Jersey St Transn Tr Fd Aut Tr 6.104% 3.79%
New Jersey St Tpk Auth 7.102% 3.72%
Metropolitan Government Of Nashville- Davidson County Convention Center Aut 3.43%
City Of Chicago Illinois Wastewater Transmission, Rb, Build America Bonds, 3.38%
Los Angeles Department Of Water- Power, Rb, Build America Bonds: 6.17% 3.28%
Illinois St Go Bds 7.35% 3.26%
City Of San Antonio Texas, Refunding Rb, Build America Bonds, Junior Lien, 3.13%
Municipal Electric Authority Of Georgia Plant Vogtle Units 3 - 4, Refunding 2.88%
County Of Franklin Ohio Convention Facilities Authority, Rb, Build America 2.88%
San Diego County Regional Airport Authority, Refunding Rb, Build America Bo 2.72%
Assets in Top 10 Holdings32.46%

Credit Quality  AS OF --

Type % Bonds
AAA --
AA --
A --
BBB --
BB --
B --
Below B --
Not Rated --

Maturity  AS OF 01/31/2014

% Bonds
10 to 15 Years 3.90
15 to 20 Years 4.15
1 to 3 Years 0.00
20 to 30 Years 76.97
3 to 5 Years 0.00
5 to 7 Years 0.00
7 to 10 Years 0.00
Over 30 Years 14.98
More about Portfolio Composition
*The Overall Morningstar RatingTM for a fund is derived from a weighted average of the performance figures associated with its three-, five-, and ten-year (if applicable) Morningstar Rating metrics. For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a funds monthly performance (including the effects of sales charges, loads and redemption fees, if applicable), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.)

Credit quality is provided by the funds sponsor and is based on credit ratings assigned by Moodys, S&P or Fitch to the funds underlying bond holdings. In the event a security is rated differently by the respective rating agencies, the funds sponsor may use the highest (or lowest) rating assigned. If a security is not rated, the fund may make its own determination of its credit quality. Credit quality is calculated using only the long position holdings of the portfolio.

The performance data shown represents past performance, which is no guarantee of future results. Current performance may be higher or lower than the performance data quoted. Distributions are not guaranteed and the amount of distributions will vary depending on a number of factors. Market prices and investment return will vary, therefore you may have a gain or loss when you sell your shares. Click on the "Performance & Risk" link to view quarter-end performance. All performance data is for the common shares of the fund. Total distribution rate (at market or NAV) may include unknown combinations of income, capital gains and return of capital.

Cumulative total returns are reported as of the period indicated. Life of fund figures are reported as of the commencement date to the period indicated.

^Premium/Discount to NAV represents the percentage by which the funds market price exceeds or is less than net asset value (NAV). Shares of closed-end funds frequently trade at a market price that is a discount to their NAV.

Top holdings are as of the date indicated and may not be representative of the funds current or future investments.

News, commentary and events are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.

Any data, charts and other information provided on this page are intended to help self-directed investors evaluate closed end funds. Criteria and inputs entered, including the choice to make closed end fund comparisons, are at the sole discretion of the user and are solely for the convenience of the user. Analyst opinions, ratings and reports are provided by third-parties unaffiliated with Fidelity. All information supplied or obtained from this page is for informational purposes only and should not be considered investment advice or guidance, an offer of or a solicitation of an offer to buy or sell a particular security, or a recommendation or endorsement by Fidelity of any security or investment strategy. Fidelity does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating closed end funds. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use. Determine which securities are right for you based on your investment objectives, risk tolerance, financial situation and other individual factors and re-evaluate them on a periodic basis.

© 2011 Morningstar, Inc. All rights reserved. The Morningstar information contained herein (1) is proprietary to Morningstar or its affiliates; (2) may not be copied or redistributed; 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.

Before investing in any fund, you should consider its investment objective, risks, charges and expenses. Contact Fidelity for the most recent shareholder report for this information. Read it carefully. Please also review information provided by the fund on its web site.