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Blackrock Municipal Target Term Closed Fund (BTT)
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Upturn Advisory Summary
12/23/2025: BTT (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Analysis of Past Performance
Type Stock | Historic Profit 9.8% | Avg. Invested days 62 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  4.0 | Stock Returns Performance  2.0 |
| Profits based on simulation | Last Close 12/23/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 1.42B USD | Price to earnings Ratio 36.1 | 1Y Target Price - |
Price to earnings Ratio 36.1 | 1Y Target Price - | ||
Volume (30-day avg) - | Beta 0.45 | 52 Weeks Range 20.02 - 21.75 | Updated Date 06/29/2025 |
52 Weeks Range 20.02 - 21.75 | Updated Date 06/29/2025 | ||
Dividends yield (FY) 2.57% | Basic EPS (TTM) 0.6 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 41.34% | Operating Margin (TTM) 80.06% |
Management Effectiveness
Return on Assets (TTM) 1.8% | Return on Equity (TTM) 2.16% |
Valuation
Trailing PE 36.1 | Forward PE - | Enterprise Value 2205477376 | Price to Sales(TTM) 17.12 |
Enterprise Value 2205477376 | Price to Sales(TTM) 17.12 | ||
Enterprise Value to Revenue 39.16 | Enterprise Value to EBITDA - | Shares Outstanding 65612000 | Shares Floating - |
Shares Outstanding 65612000 | Shares Floating - | ||
Percent Insiders - | Percent Institutions 38.76 |
Upturn AI SWOT
Blackrock Municipal Target Term Closed Fund
Company Overview
History and Background
The BlackRock Municipal Target Term Closed Fund (MTC) is a closed-end investment fund managed by BlackRock Advisors, LLC. Its primary objective is to provide current income, free from regular federal income tax. The fund aims to achieve this by investing primarily in a diversified portfolio of municipal bonds. Specific founding dates and significant historical milestones for this particular term fund are not readily available in a consolidated public format, as it operates as a financial product within BlackRock's broader fund offerings. Term closed-end funds typically have a defined lifespan, after which they are liquidated or converted to an open-end fund.
Core Business Areas
- Municipal Bond Investing: Focuses on investing in a portfolio of investment-grade municipal bonds issued by U.S. states and territories, and their political subdivisions, to generate tax-exempt income.
- Term Fund Structure: Operates as a closed-end fund with a fixed term, providing investors with a predictable liquidation date.
Leadership and Structure
Managed by BlackRock Advisors, LLC, a subsidiary of BlackRock, Inc. The specific fund managers are typically listed in the fund's prospectus. As a closed-end fund, it has a board of directors or trustees overseeing its operations and investment strategies.
Top Products and Market Share
Key Offerings
- Competitors: Other closed-end municipal bond funds, open-end municipal bond funds, and individual municipal bonds. Key competitors in the broader municipal bond ETF and mutual fund space include Vanguard, PIMCO, Nuveen, and Invesco.
- Description: A closed-end fund aiming to provide tax-exempt income through investments in municipal bonds with a target liquidation date. The fund's performance is influenced by interest rate movements, credit quality of the underlying bonds, and market demand for municipal securities.
- Market Share: Specific market share data for individual closed-end municipal term funds is not publicly disclosed in a standardized format. The broader municipal bond fund market is highly competitive, with many asset managers offering similar products.
- Product Name: BlackRock Municipal Target Term Closed Fund (MTC)
Market Dynamics
Industry Overview
The municipal bond market is a significant sector of the U.S. fixed-income landscape, driven by the need for state and local governments to finance public projects. The demand for tax-exempt income makes these bonds attractive to investors in higher tax brackets. The market is influenced by interest rate policies, fiscal health of issuers, and regulatory changes.
Positioning
BlackRock Municipal Target Term Closed Fund is positioned as a provider of tax-exempt income within the municipal bond sector, leveraging BlackRock's extensive asset management capabilities. Its closed-end structure with a defined term offers a distinct approach compared to open-end funds.
Total Addressable Market (TAM)
The total addressable market for municipal bonds is substantial, with outstanding municipal debt in the trillions of U.S. dollars. BlackRock Municipal Target Term Closed Fund, as a specific product, addresses a segment of this market focused on investors seeking tax-advantaged income with a structured exit strategy. Its positioning is within the niche of term-limited closed-end municipal funds.
Upturn SWOT Analysis
Strengths
- Leverages BlackRock's extensive investment research and management expertise.
- Offers tax-exempt income, attractive to high-income investors.
- Closed-end structure with a target term can provide a predictable exit and potentially reduce price volatility associated with open-end funds.
- Diversified portfolio of municipal bonds reduces credit risk concentration.
Weaknesses
- Closed-end funds can trade at a premium or discount to their net asset value (NAV), creating price uncertainty.
- Interest rate sensitivity can impact the value of underlying bonds and the fund's NAV.
- Limited liquidity compared to open-end funds or ETFs.
- Management fees and expenses can impact overall returns.
Opportunities
- Potential for rising interest rates to increase yields on newly purchased bonds, if reinvested strategically.
- Increased demand for tax-advantaged investments during periods of higher tax rates.
- Municipal issuers may offer attractive yields due to ongoing infrastructure needs.
- Potential for portfolio appreciation if credit quality of issuers improves.
Threats
- Rising interest rates can lead to a decline in bond prices.
- Deterioration in the credit quality of municipal issuers, leading to defaults or downgrades.
- Changes in tax laws that reduce the attractiveness of tax-exempt income.
- Increased competition from other municipal bond products (ETFs, open-end funds).
- Market risk and economic downturns impacting municipal issuer solvency.
Competitors and Market Share
Key Competitors
- Nuveen Municipal Opportunity Fund (NIO)
- PIMCO Municipal Income Fund III (PMX)
- VanEck Investment Grade Municipal Bond ETF (GMUN)
Competitive Landscape
BlackRock Municipal Target Term Closed Fund competes in a crowded municipal bond market. Its competitive advantages lie in BlackRock's brand and management expertise. However, it faces competition from other closed-end funds, open-end funds, and ETFs, which may offer different fee structures, liquidity, or investment strategies. The 'term' aspect is a distinguishing feature for investors seeking a defined investment horizon.
Growth Trajectory and Initiatives
Historical Growth: Growth for a closed-end term fund is primarily measured by the growth in its Net Asset Value (NAV). Historical NAV growth would depend on market conditions, interest rates, and the credit performance of the underlying municipal bonds. The fund's stated term means its 'growth' is also tied to its eventual liquidation value.
Future Projections: Future projections for a closed-end fund are inherently linked to market forecasts for interest rates and the municipal bond sector. Analyst projections might focus on potential NAV changes and income generation capacity rather than traditional company growth metrics.
Recent Initiatives: Recent initiatives would typically involve portfolio adjustments by the fund managers to adapt to market changes, optimize income, or manage credit risk. These are operational strategies rather than broad corporate growth initiatives.
Summary
BlackRock Municipal Target Term Closed Fund offers tax-exempt income from municipal bonds, benefiting from BlackRock's management expertise. Its closed-end structure with a defined term provides a unique investment horizon. However, it faces risks from interest rate fluctuations and credit quality changes, and trades at potential premiums or discounts to NAV. Investors should carefully consider its fees and liquidity compared to other municipal bond options.
Similar Stocks
Sources and Disclaimers
Data Sources:
- BlackRock Investor Relations (official fund filings and reports)
- Reputable financial data providers (e.g., Morningstar, Bloomberg, Refinitiv)
- SEC filings (e.g., Prospectus, Annual and Semi-Annual Reports)
Disclaimers:
This JSON output is generated for informational purposes only and does not constitute financial advice. Investment decisions should be made based on independent research, consultation with a qualified financial advisor, and a thorough review of the fund's prospectus and relevant disclosure documents. Market share data for individual closed-end funds is often not precisely defined or publicly available in a standardized format. Specific financial metrics for this fund are primarily related to its Net Asset Value (NAV) and market trading behavior, rather than traditional corporate earnings.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Blackrock Municipal Target Term Closed Fund
Exchange NYSE | Headquaters New York, NY, United States | ||
IPO Launch date 2012-08-30 | CEO - | ||
Sector Financial Services | Industry Asset Management | Full time employees - | |
Full time employees - | |||
Blackrock Municipal 2030 Target Term Trust is a closed end fixed income mutual fund launched by BlackRock, Inc. The fund is managed by by BlackRock Advisors, LLC. It invests in fixed income markets. The fund invests primarily in investment grade municipal bonds that are exempt from regular federal income tax. It was formerly known as BlackRock Municipal Target Term Trust. Blackrock Municipal 2030 Target Term Trust was formed on August 30, 2012 and is domiciled in the United States.
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