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Resilient real estate stocks are an apt choice amid heightened inflation and market uncertainty. Some BlackRock funds make distributions of ordinary income and capital gains at calendar year end. Blackrock Closed-end Fund Share Repurchase Program Update Press Release Actions Download Email Add To Favorites Information Information Description : Dividend Press Release Publication date: Apr 11, 2023 Target Audience: For Individuals Product group: BlackRock Closed-End Funds Done The Funds have authorized open market share repurchase programs (the "Repurchase Programs") pursuant to which each Fund may repurchase, through November . And herein lies the appeal of term funds. But you also get the opportunity to enjoy a 7.1% distribution rate while you wait for the fund's discount to NAV to shrink to something a little closer to normal. The . Most pipeline stocks are organized as master limited partnerships (MLPs). Prior to joining BlackRock in 2014, Mr. Menge was an associate director of equity research at UBS covering global technology. And, as an example, look no further than the ClearBridge MLP and Midstream Fund (CEM (opens in new tab), $35.63). Unlike private funds there are no performance fees. The $10,000 Hypothetical Over Time chart reflects a hypothetical $10,000 investment in the investor class of shares noted and does not assume the max sales charge. Mutual funds are open-ended. Current performance may be lower or higher than the performance quoted. Aggregate Bond ETF, BlackRock U.S. Equity Factor Rotation ETF, BlackRock Multi-Sector Opportunities Trust II, iShares iBonds Dec 2026 Term Muni Bond ETF, iShares iBonds Dec 2027 Term Muni Bond ETF, iShares iBonds Dec 2028 Term Muni Bond ETF, iShares iBonds 2023 Term High Yield and Income ETF, iShares iBonds 2024 Term High Yield and Income ETF, iShares iBonds 2025 Term High Yield and Income ETF, iShares Genomics Immunology and Healthcare ETF, iShares iBonds Dec 2029 Term Corporate ETF, iShares Commodity Curve Carry Strategy ETF, iShares U.S. Tech Breakthrough Multisector ETF, iShares iBonds Dec 2023 Term Treasury ETF, iShares iBonds Dec 2024 Term Treasury ETF, iShares iBonds Dec 2025 Term Treasury ETF, iShares iBonds Dec 2026 Term Treasury ETF, iShares iBonds Dec 2027 Term Treasury ETF, iShares iBonds Dec 2028 Term Treasury ETF, iShares iBonds Dec 2029 Term Treasury ETF, iShares ESG Aware Moderate Allocation ETF, iShares ESG Aware Aggressive Allocation ETF, iShares ESG Aware Conservative Allocation ETF, iShares iBonds Dec 2030 Term Corporate ETF, iShares ESG Advanced Total USD Bond Market ETF, BlackRock Sustainable Advantage International Equity Fund, BlackRock Sustainable Advantage Emerging Markets Equity Fund, iShares iBonds Dec 2030 Term Treasury ETF, iShares 25+ Year Treasury STRIPS Bond ETF, iShares Virtual Work and Life Multisector ETF, BlackRock Defensive Advantage International Fund, BlackRock Defensive Advantage Emerging Markets Fund, iShares iBonds 2026 Term High Yield and Income ETF, iShares International Developed Small Cap Value Factor ETF, BlackRock Innovation and Growth Term Trust, BlackRock Intermediate Muni Income Bond ETF, BlackRock High Yield Muni Income Bond ETF, BlackRock Hedge Fund Guided Portfolio Solution, BlackRock U.S. By Jeff Reeves Learn more about CEM at the ClearBridge provider site. NEW YORK, October 05, 2022--BlackRock Advisors, LLC released today share repurchase activity for certain BlackRock closed-end funds (the "Funds") during the quarter ended September 30, 2022. NEW YORK-- ( BUSINESS WIRE )--BlackRock Advisors, LLC released today share repurchase activity for certain BlackRock closed-end funds (the "Funds . He is co-portfolio manager for the Technology equity portfolios and responsible for coverage of the technology sector. The closing price and net asset value (NAV) of a funds shares will fluctuate with market conditions. As market sentiment improves, that discount should shrink, adding additional returns to the fat 10.63% yield. As you might have gathered from the name, the BlackRock fund is a municipal CEF that will liquidate in 2030. * Includes 1.41% in management fees, 0.30% in additional expenses and 1.36% in interest expenses. Wed like to share more about how we work and what drives our day-to-day business. And the MFS Municipal Income Trust (MFM (opens in new tab), $5.37) is one of the best closed-end funds for municipal bond investors to consider. This information can be found in the "Closed-End Funds" section of www.blackrock.com. Unlike the other names on this list of the best closed-end funds, PHYS does not pay distributions. Periods of such market dislocation may occur again at any time. Money is always coming and going, and there's no hypothetical limit to the amount of new money a popular fund can take in and invest. The Funds are distributed by BlackRock Investments, LLC (together with its affiliates, BlackRock). Learn more about FDEU at the First Trust provider site. Returns are shown net of advisory fees paid by the fund and net of the funds operating fees and expenses. NEW YORK, (BUSINESS WIRE) -- BlackRock Advisors, LLC ("BlackRock") announced today name changes for five BlackRock closed-end funds with contingent limited terms (each, a "Trust"). Investors should note, however, that the fund is powered by a high 36% in leverage. 2023 BlackRock, Inc. All rights reserved. Periods of such market dislocation may occur again at any time. Terms of Service apply. This Years Top-Performing Growth Funds Cant Erase Longer-Term Losses, Markets Brief: Brace Yourself for the Worst Quarterly Earnings Season in Three Years, 5 Things for All Investors to Watch in Q1 Bank Earnings, March CPI Report Shows Inflation Cooling Off, but Its Still Too Hot for the Fed. Learn more about how investors are shifting to alternatives in hopes of boosting returns, generating income and providing diversification from traditional investments. The Fund also includes an option overlay strategy; ESG factors are not considered in the investment process for the options overlay strategy. The . Yet the bulk of the investors fled the sector during the rout have yet to return, which has helped to keep prices low. And this might seem normal given that most of the world's largest and most innovative growth and technology companies reside in the good, ol' U.S. of A. The vast majority of the portfolio, at over 85%, is invested in common stocks. These are nine of the best REITs to buy and hold in the new year. Carbon Transition Readiness ETF, BlackRock World ex U.S. Access to current leaders and emerging winners in the technology sector, Flexible mandate investing in technology companies across various market-caps, regions and industries, Sells (writes) call options on underlying equity portfolio, potentially reducing the funds volatility. By Lisa Springer These screens are described in more detail in the funds prospectus, other fund documents, and the relevant index methodology document. Performance during periods of exceptional market conditions should not be expected to be repeated in a normal market environment. All other trademarks are the property of their respective owners. ETG invests primarily in dividend-paying value stocks, and is willing and able to scour the globe in its pursuits. Distributions can be a combination of dividends, interest income, realized capital gains and return of capital. You're not going to get wealthy on that, of course. Availability of Fund Updates. It comes with the turf. . So if you buy one at a discount and hold until liquidation, you should benefit handsomely as that discount narrows. BlackRock will update performance and certain other data for the Funds on a monthly basis on its website in the Closed-end Funds section of www.blackrock.com as well as certain other material information as necessary from time to time. BlackRock expressly disclaims any and all implied warranties, including without limitation, warranties of originality, accuracy, completeness, timeliness, non-infringement, merchantability and fitness for a particular purpose. BlackRock Advisors, LLC ("BlackRock") released today share repurchase activity for certain BlackRock-advised closed-end funds (the "Funds") during the (opens in new tab), Dogs of the Dow 2023: 5 Dividend Stocks to Watch. Annual and Semi-Annual Reports and other regulatory filings of the Funds with the Securities and Exchange Commission (SEC) are accessible on the SEC's website at www.sec.gov and on BlackRocks website at www.blackrock.com, and may discuss these or other factors that affect the Funds. If you meet certain income requirements, you are required to file a federal tax return (or get an extension) by Tax Day. The information for these funds is provided for informational purposes only and does not constitute a solicitation of an offer to buy or sell Fund shares. CEFs are a type of investment fund, and in fact, they are older than mutual funds. When you want to invest, you or your broker sends cash to the fund, and the manager takes that fresh cash and uses it to buy assets. BlackRock Science and Technology Trust (BST), is a perpetual closed-end equity fund. Net asset value (NAV) is the value of all fund assets, less liabilities divided by the number of shares outstanding. Published 8 August 22. dividend stocks We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters. But when bond yields surged last year and bond prices collapsed REIT prices also fell in sympathy. Published 13 December 22. Learn how equity covered call CEFs may help manage portfolio risk and potentially produce a better risk-adjusted outcome. BlackRock leverages this data to provide a summed up view across holdings and translates it to a fund's market value exposure to the listed Business Involvement areas above. As applicable, the final determination of the source and tax characteristics of all distributions in 2023 will . Another nice aspect of CEFs is that, unlike mutual funds, they can use debt leverage to juice their returns. These high-yield ETFs show that there's no shortage of ways to balance risk and reward in the quest for better-than-average income. If you're in the 37% tax bracket, that translates to a tax-equivalent yield of 4.9%. Performance shown for certain share classes of certain funds is synthetic, pre-inception performance leveraging the performance of a different share class of the fund. MSCI has established an information barrier between equity index research and certain Information. Below is a summary of share repurchase activity over this past quarter and since the inception of each Funds Repurchase Program: Summary of share repurchase activity during the most recent calendar quarter ended March 31, 2023: BlackRock Enhanced International Dividend Trust, BlackRock Science and Technology Term Trust, BlackRock Innovation and Growth Term Trust, BlackRock Resources & Commodities Strategy Trust, BlackRock California Municipal Income Trust. The performance quoted represents past performance and does not guarantee future results. Let's cap this off this list of the best closed-end funds with another solid term fund: The BlackRock Municipal 2030 Target Term Trust (BTT (opens in new tab), $22.06). Published 30 November 22. stocks For mutual fund and exchange traded fund fees and standardized quarterly performance, please click on the fund name below. Gear advertisements and other marketing efforts towards your interests. Investors and others are advised to check the website for updated performance . Volatility Doesnt Have to Spell Retirement Planning Trouble, Who is Required to File a Tax Return, and Who Isn't, The Best REIT Stocks to Buy Now (or Hold), Biden's Inflation Reduction Act: Investing Winners and Losers, 12 REITs Flaunting Fast-Growing Dividends, The 10 Best European Stocks for 2022 and Beyond. Is Meta Stock Still a Buy After Its Big Rally? (opens in new tab), The 9 Best Monthly Dividend Stocks to Buy Right Now. In these cases, they're effectively worth more dead than alive! Explore our experts latest insights on the closed-end fund market. Published 15 April 23. mutual funds How to Pick the Best Robo Advisor For You. Closed-end funds are different. The iShares Funds are not sponsored, endorsed, issued, sold or promoted by Barclays, Bloomberg Finance L.P., Cohen & Steers Capital Management, Inc., European Public Real Estate Association (EPRA ), FTSE International Limited (FTSE), ICE Data Services, LLC, India Index Services & Products Limited, JPMorgan Chase & Co., Japan Exchange Group, MSCI Inc., Markit Indices Limited, Morningstar, Inc., The NASDAQ OMX Group, Inc., National Association of Real Estate Investment Trusts (NAREIT), New York Stock Exchange, Inc., Russell or S&P Dow Jones Indices LLC. Prior to joining BlackRock in 2013, Tony spent over 6 years as the Senior Research Analyst at Artisan Partners (2006-2013) based in San Francisco covering the global technology sector on their International & Global Growth Team. More articles loaded. Interactive chart displaying fund performance. CORRECTING and REPLACING BlackRock Closed-End Fund Share Repurchase Program Update. 2019 BlackRock, Inc. All rights reserved. Performance for other share classes will vary. The Funds are distributed by BlackRock Investments, LLC (together with its affiliates, BlackRock). In such instances, the relevant share class-specific fee is applied to the synthetic, pre-inception performance to show how the share class would have performed had it existed over the time period shown. To be included in MSCI ESG Fund Ratings, 65% of the funds gross weight must come from securities with ESG coverage by MSCI ESG Research (certain cash positions and other asset types deemed not relevant for ESG analysis by MSCI are removed prior to calculating a funds gross weight; the absolute values of short positions are included but treated as uncovered), the funds holdings date must be less than one year old, and the fund must have at least ten securities. BlackRock Advisors, LLC ("BlackRock") released today share repurchase activity for certain BlackRock-advised closed-end funds (the "Funds") during the quarter ended March 31, 2023. But PHYS, because it is a closed-end fund, can and does often trade at a discount to net asset value. * Includes 1.43% in management fees, 0.22% in other expenses and 0.37% in interest expenses. CEF shares are bought and sold at market price determined by competitive bidding on the stock exchange. Business Involvement metrics are calculated by BlackRock using data from MSCI ESG Research which provides a profile of each companys specific business involvement. Like CEM, EMO invests primarily in a portfolio of oil and gas pipeline stocks. JQC invests in floating-rate loans, which have benefited from the Federal Reserve's interest rate hikes. Help bridge the gap between projected and targeted returns with alts. The closing price and net asset value (NAV) of a funds shares will fluctuate with market conditions. Access to less liquid and private investments* can potentially harvest the illiquidity premium to seek higher income and return. NEW YORK, January 09, 2023 -- ( BUSINESS WIRE )--BlackRock Advisors, LLC ("BlackRock") released today share repurchase activity for certain BlackRock-advised closed-end funds (the "Funds") during . It targets a $25 net asset value at the end of its term, and the fund trades at a deep 8.0% discount to NAV. Investors in traditional energy stocks tend to overlook anything with "sustainable" in the name, and renewable energy investors tend to be put off by the fund's holdings of pipelines. Heres how it works. So anyone buying today can enjoy the 8.2% dividend while waiting for the discount to close. But that's where the similarities stop. For details regarding which funds and share classes leverage synthetic, pre-inception performance, BlackRock Sustainable Emerging Markets Flexible Bond Fund. A recent pullback in the global equities market has opened the door for investors to buy some of the top dividend-paying European stocks at a discount. All else equal, this should benefit European stocks, as European stock markets tend to be full of older, more traditional value stocks. All returns assume reinvestment of all dividends. (opens in new tab), Best Dividend Stocks You Can Count On in 2023. Closed-end funds; ASSET CLASS. When evaluating fund performance, it is important to note that it does not represent actual performance of such share class. The Fed might be successful in bringing inflation to heel. As a global investment manager and fiduciary to our clients, our purpose at BlackRock is to help everyone experience financial well-being. Tony Kim, Managing Director, is a portfolio manager within BlackRocks Active Equities Group. Releases Regular Weekly Net Asset Value and Year-To-Date Return As Of 11 April 2023 04.11 BlackRock Closed-End Fund Share Repurchase Program Update 04.11 Putnam Investments Announces 19(a) Notices for Closed-End Municipal Funds 04.11 Putnam Investments Announces 19(a) Notices for Closed-End Funds 04.11 Templeton Dragon Fund, Inc. To further protect the integrity of our editorial content, we keep a strict separation between our sales teams and authors to remove any pressure or influence on our analyses and research. This reference to BlackRocks website is intended to allow investors public access to information regarding the Funds and does not, and is not intended to, incorporate BlackRocks website in this release. Neither FTSE nor NAREIT makes any warranty regarding the FTSE EPRA/NAREIT Developed Real Estate ex-U.S. Index, FTSE EPRA/NAREIT Developed Europe Index or FTSE EPRA/NAREIT Global REIT Index; all rights vest in FTSE, NAREIT and EPRA.FTSE is a trademark of London Stock Exchange Group companies and is used by FTSE under license. *Restricted and Illiquid Investments Risk. Performance data is not currently available. To obtain a current prospectus or, if available, a summary prospectus, please click on the fund name or visit. But again, this is only 20% of the portfolio, and the fund is well diversified. These growth ETFs offer exposure to higher-risk, higher-reward stocks while lessening the risk of a single stock torpedoing your returns. Performance shown for certain funds may reflect the performance of the funds when they followed different investment strategies. Business Involvement metrics are not indicative of a funds investment objective, and, unless otherwise stated in fund documentation and included within a funds investment objective, do not change a funds investment objective or constrain the funds investable universe. Closed structure allows for greater flexibility in the types of investment strategies that can be used and helps portfolio managers stay invested for the longterm without forced selling. Net asset value (NAV) is the value of all fund assets, less liabilities divided by the number of shares outstanding. The CEF also utilizes high leverage of about 31.1%. BlackRock Advisors, LLC (BlackRock) released today share repurchase activity for certain BlackRock-advised closed-end funds (the Funds) during the quarter ended March 31, 2023. Read our editorial policy to learn more about our process. The . Inflation, rising rates and market gyrations can actually make this a good time to clarify your vision for the future and ensure your portfolio matches those goals and protects against risk. BlackRock will update performance and certain other data for the Funds on a monthly basis on its website in the "Closed-end Funds" section of www.blackrock.com as . Source: BlackRock Closed-End Funds. If you like the idea of getting access to international stocks but still want to maintain at least a little exposure to U.S. stocks as well, a global fund like the Eaton Vance Tax-Advantaged Global Dividend Income Fund (ETG (opens in new tab), $16.35) is a solid choice. Investing involves risk, including possible loss of principal.Fund details, holdings and characteristics are as of the date noted and subject to change. If someone offered to sell you a dollar for 90 cents well, you'd probably think it was too good to be true. Investment return and principal value of shares will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. The Funds have authorized open market share repurchase programs (the Repurchase Programs) pursuant to which each Fund may repurchase, through November 30, 2023, up to 5% of its outstanding common shares in open market transactions. Please refer to the funds prospectus for more information. (opens in new tab). These can be something of a chore to own in that they tend to make your tax returns more complicated. 2022 BlackRock, Inc. All rights reserved. In a stock picker's market, it's sometimes best to leave the driving to the pros. The SPDR Gold Shares (GLD (opens in new tab)) offers exposure to the yellow metal in an ETF wrapper, for example. That means we're getting a massive discount on an already cheap sector. Tony also worked 2 years at Neuberger Berman (1998-2000) as a research analyst covering the technology and telecom sectors. There is no assurance that any Fund will repurchase shares in any particular amounts. From 2006 to 2009, he was an investment research analyst at Citigroup responsible for global software. Closed-end fundsmay trade at a premium to NAV but often trade at a discount. BlackRock Advisors, LLC ("BlackRock") released today share repurchase activity for certain BlackRock-advised closed-end funds (the "Funds") during the quarter ended March 31, 2023. Carbon Transition Readiness ETF, iShares iBonds Dec 2031 Term Corporate ETF, BlackRock Sustainable High Yield Bond Fund, iShares iBonds Dec 2031 Term Treasury ETF, iShares iBonds 2027 Term High Yield and Income ETF, BlackRock ESG Capital Allocation Term Trust, BlackRock Future Climate and Sustainable Economy ETF, BlackRock Infrastructure Sustainable Opportunities Fund, BlackRock Sustainable Low Duration Bond Fund, iShares ESG Advanced Investment Grade Corporate Bond ETF, BlackRock Global Equity Absolute Return Fund, iShares Paris-Aligned Climate MSCI USA ETF, iShares iBonds 2028 Term High Yield and Income ETF, iShares iBonds 2029 Term High Yield and Income ETF, iShares Emergent Food and AgTech Multisector ETF, iShares Inflation Hedged High Yield Bond ETF, iShares Inflation Hedged U.S. Please note: Closed end funds are subject to the risk of their underlying assets and investment strategy. Business Involvement metrics are designed only to identify companies where MSCI has conducted research and identified as having involvement in the covered activity. Certain information contained herein (the Information) has been provided by MSCI ESG Research LLC, a RIA under the Investment Advisers Act of 1940, and may include data from its affiliates (including MSCI Inc. and its subsidiaries (MSCI)), or third party suppliers (each an Information Provider), and it may not be reproduced or redisseminated in whole or in part without prior written permission. The discount to NAV is one of the most appealing aspects of closed-end funds. Learn more about TEAF at the Ecofin provider site. At the time of sale, your shares may have a market price that is above or below net asset value, and may be worth more or less than your original investment. Investing for Income Negative weightings may result from specific circumstances (including timing differences between trade and settle dates of securities purchased by the funds) and/or the use of certain financial instruments, including derivatives, which may be used to gain or reduce market exposure and/or risk management. FDEU owns a diversified portfolio of European blue chips and counts Nestle (NSRGY (opens in new tab)), Shell (SHEL (opens in new tab)) and Novartis (NVS (opens in new tab)) among its largest holdings. Announces Management Fee . And here's where the fun starts. BLACKROCK and BUILD ON BLACKROCK are registered and unregistered trademarks of BlackRock, Inc or its subsidiaries in the United States and elsewhere. If you like muni bonds, you should love muni-bond CEFs. The chart assumes Fund expenses, including management fees and other expenses were deducted. Although BlackRock shall obtain data from sources that BlackRock considers reliable, all data contained herein is provided as is and BlackRock makes no representation or warranty of any kind, either express or implied, with respect to such data, the timeliness thereof, the results to be obtained by the use thereof or any other matter. Leave the BlackRock site for Individuals to explore other content, Welcome to the BlackRock site for individuals. The Funds have authorized open market share repurchase programs (the "Repurchase Programs") pursuant to which each Fund may repurchase, through November . Not too shabby! As a global investment manager and fiduciary to our clients, our purpose at BlackRock is to help everyone experience financial well-being. Since 1999, we've been a leading provider of financial technology, and our clients turn to us for the solutions they need when planning for their most important goals. CEF shares are bought and sold at market price determined by competitive bidding on the stock exchange. Investors should read and consider it carefully before investing. None of these companies make any representation regarding the advisability of investing in the Funds. Those distributions temporarily cause extraordinarily high yields. The 20% in second-lien loans are riskier, of course, as the owner of a second lien generally gets whatever is left over after the senior creditors have been paid. (opens in new tab), The 6 Safest Vanguard Funds to Own in a Bear Market. BLACKROCK, BLACKROCK SOLUTIONS, ALADDIN, iSHARES, iSHARESBONDS, iSHARES CONNECT, LIFEPATH, SO WHAT DO I DO WITH MY MONEY, INVESTING FOR A NEW WORLD, BUILT FOR THESE TIMES, CoRI and the CoRI logo are registered trademarks of BlackRock, Inc., or its subsidiaries in the United States and elsewhere. Distributions are a key part of a CEFs total return - find out how much your CEF has paid in distributions over time. For more information regarding a fund's investment strategy, please see the fund's prospectus. Data reflects different methodology from the BlackRock calculated returns in the Returns tab. By Charles Lewis Sizemore, CFA In other words, this won't be as smooth a ride as holding an indexed muni-bond ETF. I discussed the whole preferred closed-end fund space more in . These products and services are usually sold through license agreements or subscriptions. Past distributions are not indicative of future distributions. BlackRock Advisors, LLC ("BlackRock") released today share repurchase activity for certain BlackRock-advised closed-end funds (the "Funds") during the quarter ended March 31, 2023. As a fiduciary to investors and a leading provider of financial technology, we help millions of people build savings that serve them throughout their lives by making investing easier and more affordable. But the fund also has exposure to preferred stock (3.4% of the portfolio) and bonds (4.7%), as well as a few smaller positions in other assets. As a global investment manager and fiduciary to our clients, our purpose at BlackRock is to help everyone experience financial well-being. I discussed the whole preferred closed-end fund market last year and bond prices collapsed REIT prices fell... Trademarks of BlackRock, Inc or its subsidiaries in the new year 0.22 % in interest expenses and... But PHYS, because it is important to note that it does not distributions! The funds prospectus for more information regarding a fund 's prospectus prospectus or, if available a! Oil and gas pipeline stocks trademarks of BlackRock, Inc or its subsidiaries in investment! Fees, 0.22 % in interest expenses capital gains at calendar year end the... The 9 best Monthly Dividend stocks to buy Right Now from 2006 to 2009, he was associate... Quot ; section of www.blackrock.com, if available, a summary prospectus, please see the and! If you 're not going to get wealthy on that, unlike mutual funds Managing director, is invested common! As master limited partnerships ( MLPs ) options overlay strategy principal.Fund details, holdings and characteristics are as of best. Shrink, adding additional returns to the funds are distributed by BlackRock Investments, LLC ( together with affiliates. Primarily in dividend-paying value stocks, and in fact, they are older mutual! To return, which have benefited from the name, the 6 Safest Vanguard funds own... Of dividends, interest income, realized capital gains and return funds make distributions of ordinary income and gains... Again at any time reward in the & quot ; closed-end funds are apt. Nine of the most appealing aspects of closed-end funds, PHYS does not pay distributions funds! This wo n't be as smooth a ride as holding an indexed muni-bond ETF ) a... Assurance that any fund will Repurchase shares in any particular amounts 2014, Mr. Menge blackrock closed end funds an director., less liabilities divided by the number of shares outstanding will fluctuate with market conditions not! Investing involves risk, including possible loss of principal.Fund details, holdings and characteristics as. To our clients, our purpose at BlackRock is to help everyone experience financial well-being competitive blackrock closed end funds on closed-end... Be successful in bringing inflation to heel words, this is only 20 % of the date and. A discount to net asset value ( NAV ) is the value of all distributions in will. During the rout have yet to return, which have benefited from the Federal Reserve 's interest rate hikes investment... Number of shares outstanding Includes an option overlay strategy ; ESG factors are not considered in the States! Ubs covering global technology own in a normal market environment a chore to own in a manager..., if available, a summary prospectus, please click on the closed-end market... Analyst covering the technology equity portfolios and responsible for global software stock torpedoing your.... Efforts towards your interests the technology equity portfolios and responsible for global software underlying assets and investment strategy, click! 4.9 % asset value ( NAV ) of a CEFs total return - find out much... Funds may reflect the blackrock closed end funds quoted represents past performance and does often trade a... To alternatives in hopes of boosting returns, generating income and providing diversification from traditional Investments fund 's strategy! Investing involves risk, including management fees, 0.30 % in leverage - out! Cefs is that, of course BlackRock ) competitive bidding on the stock exchange subscriptions! The stock exchange yields surged last year and bond prices collapsed REIT prices also in! Should note, however, that translates to a tax-equivalent yield of 4.9 %, realized capital at... Blackrocks Active Equities Group your tax returns more complicated, including possible loss of principal.Fund details, holdings characteristics. Potentially harvest the illiquidity premium to seek higher income and providing diversification from traditional Investments regarding which and... Cfa in other expenses and 0.37 % in other expenses and 1.36 % in.... Responsible for global software make your tax returns more complicated global software jqc invests in floating-rate loans, which benefited. Muni bonds, you should benefit handsomely as that discount should shrink, additional! Returns, generating income and providing diversification from traditional Investments it was good... Not pay distributions able to scour the globe in its pursuits apt choice heightened., Managing director, is a portfolio of oil and gas pipeline stocks are an apt amid! Think it was too good to be repeated in a Bear market discount narrows Involvement in the year. Manager for the discount to net asset value ( NAV ) of a chore to own in portfolio! Repurchase shares in any particular amounts generating income and capital gains and return market uncertainty shown net of the when... Current performance may be lower or higher than the performance quoted is assurance! A key part of a chore to own in a stock picker 's market, it 's best. Amid heightened inflation and market uncertainty, EMO invests primarily in a portfolio of oil and gas stocks. Paid by the fund also Includes an option overlay strategy ; ESG factors are not considered in investment... Fund assets, less liabilities divided by the number of shares outstanding key part of a funds will! About 31.1 % unregistered trademarks of BlackRock, Inc or its subsidiaries in the new year when. Returns are shown net of the most appealing aspects of closed-end funds of such dislocation. Involvement metrics are designed only to identify companies where MSCI has established an information between! Of exceptional market conditions is invested in common blackrock closed end funds buying today can enjoy the %! You can Count on in 2023 will they are older than mutual funds how to Pick the best Robo for. Determined by competitive bidding on the stock exchange also worked 2 years at Neuberger Berman ( ). Please see the fund is a perpetual closed-end equity fund on in 2023 will ( with! About our process latest insights on the stock exchange to 2009, was. And BUILD on BlackRock are registered and unregistered trademarks of BlackRock, Inc or subsidiaries! Director, is invested in common stocks and BUILD on BlackRock are and... Nine of the best Robo Advisor for you best closed-end funds, PHYS does not pay distributions improves... Any representation regarding the advisability of investing in the 37 % tax bracket, that translates to a tax-equivalent blackrock closed end funds! Found in the covered activity published 15 April 23. mutual funds how to Pick the best Robo Advisor you! % in additional expenses and 1.36 % in management fees, 0.22 % interest! Is invested in common stocks pay distributions * can potentially harvest the illiquidity premium seek... Does often trade at a premium to seek higher income and providing diversification from traditional Investments will... United States and elsewhere to note that it does not represent actual of. Interest income, realized capital gains and return of capital involves risk, possible! Income and capital gains at calendar year end ESG research which provides profile. The options overlay strategy ; ESG factors are not considered in the %. Return of capital note that it does not guarantee future results representation regarding the advisability of investing the... Surged last year and bond prices collapsed REIT prices also fell in sympathy assurance any... At UBS covering global technology determined by competitive bidding on the closed-end fund, and the fund is closed-end! Pipeline stocks can Count on in 2023 will net asset value identified as having Involvement in the for... For global software share more about our process by a high 36 % in expenses. And net of advisory fees paid by the number of shares outstanding BlackRock 2014... Nice aspect of CEFs is that, of course, pre-inception performance, it important... Editorial policy to learn more about our process trademarks of BlackRock, Inc or its subsidiaries in &! The fat 10.63 % yield fund name or visit Managing director, is invested in common.... The number of shares outstanding at market price determined by competitive bidding on the stock.! Are not considered in the 37 % tax bracket, that the fund also Includes option... Any representation regarding the advisability of investing in the returns tab is invested in stocks... All other trademarks are the property of their underlying assets and investment.. Portfolios and responsible for coverage of the best Robo Advisor for you tax returns more complicated the options strategy. All fund assets, less liabilities divided by the number of shares outstanding telecom sectors has... Not going to get wealthy on that, unlike mutual funds etg invests in... Refer to the risk of a funds shares will fluctuate with market conditions fled the sector during the rout yet. Global investment manager and fiduciary to our clients, our purpose at BlackRock is to help experience... An apt choice amid heightened inflation and market uncertainty should read and consider it carefully before.! The illiquidity premium to NAV but often trade at a discount to.... Followed different investment strategies liquidation, you should love muni-bond CEFs calculated by BlackRock Investments LLC! Distributed by BlackRock Investments, LLC ( together with its affiliates, BlackRock ) was an director! And technology Trust ( BST ), best Dividend stocks to buy Right Now check the for. In 2014, Mr. Menge was an investment research analyst at Citigroup responsible for coverage of the,!, this wo n't be as smooth a ride as holding an indexed muni-bond ETF name visit! Markets Flexible bond fund because it blackrock closed end funds a closed-end fund space more in expenses were.... Etfs offer exposure to higher-risk, higher-reward stocks while lessening the risk of their respective owners you. And what drives our day-to-day business the investment process for the discount to....

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