Blackrock Taxable Municipal Bond Trust has released a presentation comparing the structure and performance of closed-end funds (CEFs) and mutual funds. The document highlights key differences in share treatment, pricing, use of leverage, and the ability to invest in illiquid securities. According to the data, CEFs generally offer higher distribution rates compared to mutual funds across several asset categories, including high yield bonds, preferred stock, and sector equity. The analysis uses Morningstar data as of September 30, 2025, to present median distribution rates and yield figures for both fund types. You can access the full presentation through the link below.