Blackrock Municipal Target Term Closed Fund (BTT) - Net Assets
Based on the latest financial reports, Blackrock Municipal Target Term Closed Fund (BTT) has net assets worth $1.55 Billion USD as of July 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($2.40 Billion) and total liabilities ($849.52 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Blackrock Municipal Target Term Closed F (BTT) asset resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.55 Billion |
| % of Total Assets | 64.58% |
| Annual Growth Rate | 1.33% |
| 5-Year Change | -46.78% |
| 10-Year Change | -13.42% |
| Growth Volatility | 28.9 |
Blackrock Municipal Target Term Closed Fund - Net Assets Trend (2013–2025)
This chart illustrates how Blackrock Municipal Target Term Closed Fund's net assets have evolved over time, based on quarterly financial data. Also explore total assets of Blackrock Municipal Target Term Closed F for the complete picture of this company's asset base.
Annual Net Assets for Blackrock Municipal Target Term Closed Fund (2013–2025)
The table below shows the annual net assets of Blackrock Municipal Target Term Closed Fund from 2013 to 2025. For live valuation and market cap data, see Blackrock Municipal Target Term Closed F (BTT) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-07-31 | $1.55 Billion | -1.12% |
| 2024-07-31 | $1.57 Billion | -36.85% |
| 2023-07-31 | $2.48 Billion | +44.97% |
| 2022-07-31 | $1.71 Billion | -41.21% |
| 2021-07-31 | $2.91 Billion | +1.49% |
| 2020-07-31 | $2.87 Billion | +1.78% |
| 2019-07-31 | $2.82 Billion | +69.21% |
| 2018-07-31 | $1.67 Billion | -0.87% |
| 2017-07-31 | $1.68 Billion | -6.11% |
| 2016-07-31 | $1.79 Billion | +11.65% |
| 2015-07-31 | $1.60 Billion | +3.36% |
| 2014-07-31 | $1.55 Billion | +17.29% |
| 2013-07-31 | $1.32 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Blackrock Municipal Target Term Closed Fund's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 5174348400.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (July 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $1.56 Billion | 100.48% |
| Total Equity | $1.55 Billion | 100.00% |
Blackrock Municipal Target Term Closed Fund Competitors by Market Cap
The table below lists competitors of Blackrock Municipal Target Term Closed Fund ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shandong Yulong Gold Co Ltd
SHG:601028
|
$1.47 Billion |
|
Shanghai Tofflon Science Tech
SHE:300171
|
$1.47 Billion |
|
Guangdong Tapai Group Co Ltd
SHE:002233
|
$1.47 Billion |
|
Herbalife Nutrition Ltd
F:HOO
|
$1.47 Billion |
|
YOUZU Interactive Co Ltd
SHE:002174
|
$1.47 Billion |
|
Jiangsu Wujiang Rural Coml Bk
SHG:603323
|
$1.47 Billion |
|
Shanghai Datun Energy Resources Co Ltd
SHG:600508
|
$1.47 Billion |
|
Grupo Nacional Provincial S.A.B
MX:GNP
|
$1.47 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Blackrock Municipal Target Term Closed Fund's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,566,645,058 to 1,549,048,320, a change of -17,596,738 (-1.1%).
- Net income of 54,450,093 contributed positively to equity growth.
- Dividend payments of 39,179,681 reduced retained earnings.
- Share repurchases of 35,282,445 reduced equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $54.45 Million | +3.52% |
| Dividends Paid | $39.18 Million | -2.53% |
| Share Repurchases | $35.28 Million | -2.28% |
| Other Changes | $2.42 Million | +0.16% |
| Total Change | $- | -1.12% |
Book Value vs Market Value Analysis
This analysis compares Blackrock Municipal Target Term Closed Fund's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.95x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 1.23x to 0.95x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-07-31 | $18.75 | $22.98 | x |
| 2014-07-31 | $21.99 | $22.98 | x |
| 2015-07-31 | $22.73 | $22.98 | x |
| 2016-07-31 | $25.38 | $22.98 | x |
| 2017-07-31 | $23.90 | $22.98 | x |
| 2018-07-31 | $23.44 | $22.98 | x |
| 2019-07-31 | $25.60 | $22.98 | x |
| 2020-07-31 | $26.31 | $22.98 | x |
| 2021-07-31 | $27.32 | $22.98 | x |
| 2022-07-31 | $24.27 | $22.98 | x |
| 2023-07-31 | $23.55 | $22.98 | x |
| 2024-07-31 | $23.88 | $22.98 | x |
| 2025-07-31 | $24.23 | $22.98 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Blackrock Municipal Target Term Closed Fund utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 3.52%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 65.99%
- • Asset Turnover: 0.03x
- • Equity Multiplier: 1.55x
- Recent ROE (3.52%) is above the historical average (2.91%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | -23.92% | -412.44% | 0.03x | 1.79x | $-448.38 Million |
| 2014 | 19.79% | 320.38% | 0.04x | 1.61x | $151.85 Million |
| 2015 | 7.47% | 127.03% | 0.04x | 1.59x | $-40.52 Million |
| 2016 | 14.68% | 216.97% | 0.04x | 1.57x | $83.77 Million |
| 2017 | -2.51% | 0.00% | -0.02x | 1.59x | $-210.16 Million |
| 2018 | 2.73% | 97.99% | 0.02x | 1.62x | $-121.05 Million |
| 2019 | 10.66% | 99.52% | 0.07x | 1.56x | $11.86 Million |
| 2020 | 5.55% | 99.20% | 0.04x | 1.55x | $-82.56 Million |
| 2021 | 6.44% | 99.45% | 0.04x | 1.51x | $-68.65 Million |
| 2022 | -9.48% | 0.00% | -0.06x | 1.60x | $-333.25 Million |
| 2023 | -0.07% | 0.00% | 0.00x | 1.50x | $-167.22 Million |
| 2024 | 2.98% | 55.38% | 0.04x | 1.53x | $-110.01 Million |
| 2025 | 3.52% | 65.99% | 0.03x | 1.55x | $-100.45 Million |
Industry Comparison
This section compares Blackrock Municipal Target Term Closed Fund's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $1,222,611,667
- Average return on equity (ROE) among peers: 5.00%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Blackrock Municipal Target Term Closed Fund (BTT) | $1.55 Billion | -23.92% | 0.55x | $1.47 Billion |
| Acadian Asset Management Inc (AAMI) | $84.00 Million | 95.24% | 7.06x | $1.86 Billion |
| AllianceBernstein Holding L.P. (AB) | $2.07 Billion | 13.23% | 0.00x | $3.60 Billion |
| Associated Capital Group Inc (AC) | $948.70 Million | 4.12% | 0.07x | $78.56 Million |
| Abrdn Emerging Markets Equity Income Fund Inc (AEF) | $79.50 Million | 27.37% | 0.59x | $265.69 Million |
| AgriFORCE Growing Systems Ltd (AGRI) | $2.99 Million | -170.94% | 0.46x | $194.14 Million |
| Alvarium Tiedemann Holdings Inc. (ALTI) | $782.49 Million | -21.16% | 0.62x | $368.87 Million |
| Affiliated Managers Group Inc (AMG) | $962.54 Million | 12.37% | 1.41x | $8.19 Billion |
| Ameriprise Financial Inc (AMP) | $6.55 Billion | 54.41% | 28.15x | $41.87 Billion |
| AMTD IDEA Group (AMTD) | $611.58 Million | 16.58% | 4.02x | $44.19 Million |
| Artisan Partners Asset Management Inc (APAM) | $132.30 Million | 18.75% | 3.39x | $2.65 Billion |
About Blackrock Municipal Target Term Closed Fund
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… Read more