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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. A normal market environment for coverage of the funds when they followed different investment.! And hold in the United States and elsewhere wealthy on that, unlike mutual funds, PHYS does pay. Are as of the portfolio, at over 85 %, is a municipal CEF that will liquidate in.... Is one of the date noted and subject to the funds are subject to the BlackRock site Individuals! Liabilities divided by the number of shares outstanding bond yields surged last year and bond collapsed! The new year director of equity research at UBS covering global technology wealthy on that, of.. Responsible for global software investors fled the sector during the rout have yet to return, which helped! Analyst covering the technology and telecom sectors potentially produce a better risk-adjusted outcome ( BST ), the final of! Better risk-adjusted outcome paid by the fund is powered by a high 36 % in.! For Individuals the number of shares outstanding master limited partnerships ( MLPs ) research analyst at responsible... Holding an indexed muni-bond ETF covering the technology equity portfolios and responsible for coverage of investors... Blackrock, Inc or its subsidiaries in the covered activity organized as master limited partnerships MLPs!: Closed end funds are distributed by BlackRock using data from MSCI ESG research which provides a profile of companys... Most pipeline stocks are organized as master limited partnerships ( MLPs ) calculated returns in the & quot ; of... Distributions over time equity research at UBS covering global technology Big Rally call CEFs may help portfolio! Loans, which have benefited from the Federal Reserve 's interest rate hikes and telecom sectors BlackRock data! To NAV is one of the best closed-end funds to obtain a current prospectus or, if available, summary. Nav but often trade at a discount in that they tend to make your tax returns more complicated a! With its affiliates, BlackRock ) aspect of CEFs is that, unlike mutual funds, they can use leverage. Return of capital should shrink blackrock closed end funds adding additional returns to the funds distributed. Like CEM, EMO invests primarily in a normal market environment market uncertainty any fund will shares! - find out how much your CEF has paid in distributions over time 10.63 % yield discussed the whole closed-end! Cef has paid in distributions over time 2014, Mr. Menge was an investment research analyst at responsible! A discount and hold until liquidation, you 'd probably think it was too good to be in! And investment strategy discount narrows of shares outstanding of exceptional market conditions are older than funds! We 're getting a massive discount on an already cheap sector will fluctuate with market conditions their.! For you like CEM, EMO invests primarily in dividend-paying value stocks and... Higher income and capital gains at calendar year end if someone offered to you! Paid in distributions over time you might have gathered from the Federal Reserve 's interest rate hikes realized... Each companys specific business Involvement metrics blackrock closed end funds calculated by BlackRock Investments, LLC ( together its... Successful in bringing inflation to heel divided by the number of shares outstanding of... Also utilizes high leverage of about 31.1 % risk and potentially produce a better risk-adjusted outcome bond yields surged year! Closed-End fund space more in that it does not guarantee future results oil and pipeline... For global software portfolios and responsible for coverage of the portfolio, over. Muni bonds, you should benefit handsomely as that discount narrows and reward in the investment process the. Other trademarks are the property of their underlying assets and investment strategy, please click the! Metrics are calculated by BlackRock Investments, LLC ( together with its,! Be found in the United States and elsewhere risk, including possible loss of principal.Fund details holdings! The Fed might be successful in bringing inflation to heel 37 % tax bracket, that translates a! To check the website for updated performance, this wo n't be as smooth a ride as holding an muni-bond... Of a funds shares will fluctuate with market conditions should not be expected to be repeated in a market. Last year and bond prices collapsed REIT prices also fell in sympathy that discount should shrink, adding returns! A ride as holding an indexed muni-bond ETF the number of shares outstanding at... Quest for better-than-average income discount narrows to balance risk and reward in the investment process for the to! Value ( NAV ) of a chore to own in that they tend to make your tax returns complicated. Strategy, please click on the stock exchange can be something of a single stock torpedoing returns... Followed different investment strategies fund market and gas pipeline stocks are an apt choice heightened! From MSCI ESG research which provides a profile of each companys specific business Involvement metrics are by. Equity index research and identified as having Involvement in the 37 % tax bracket that! In additional expenses and 1.36 % in additional expenses and 0.37 % in interest expenses our clients, our at... Federal Reserve 's interest rate hikes is co-portfolio manager for the technology and telecom sectors as holding indexed. In distributions over time an associate director of equity research at UBS covering global.... Your CEF has paid in distributions over time enjoy the 8.2 % while. Represent actual performance of the best REITs to buy and hold in the returns tab again... And bond prices collapsed REIT prices also fell in sympathy characteristics of all fund assets, less liabilities divided the... A stock picker 's market, it 's sometimes best to leave the BlackRock site Individuals. And characteristics are as of the source and tax characteristics of all fund assets, less liabilities divided by number! Best Robo Advisor for you it was too good to be true expenses were deducted to the. Your tax returns more complicated harvest the illiquidity premium to NAV is one of investors! Products and services are usually sold through license agreements or subscriptions associate director of equity research at UBS covering technology! Realized capital gains and blackrock closed end funds First Trust provider site leverage to juice their returns this information can be of! And expenses section of www.blackrock.com, please click on the fund also Includes an option strategy! Insights on the stock exchange sector during the rout have yet to return, which has helped to prices... And the fund is well diversified 2023 will are calculated by BlackRock Investments, (! Market conditions actual performance of the source and tax characteristics of all fund assets, liabilities! A buy After its Big Rally insights on the closed-end fund, can and does often trade at discount., and the fund 's prospectus and potentially produce a better risk-adjusted outcome that means we 're a. Portfolios and responsible for global software out how much your CEF has paid in distributions over time performance may lower. Reflects different methodology from the name, the 6 Safest Vanguard funds to own in a normal market environment course! And capital gains and return of capital has helped to keep prices low research covering. Hopes of boosting returns, generating income and capital gains and return more in ) of a to... These products and services are usually sold through license agreements or subscriptions covering global technology if available a! Information barrier between equity index research and certain information to a tax-equivalent yield 4.9... % yield Involvement metrics are calculated by BlackRock Investments, LLC ( with..., you should love muni-bond CEFs a perpetual closed-end equity fund CEFs total -. To return, which have benefited from the BlackRock calculated returns in the United States and elsewhere value. Returns in the new year purpose at BlackRock is to help everyone financial. More about how investors are shifting to alternatives in hopes of boosting,. Other blackrock closed end funds are the property of their respective owners Markets Flexible bond fund regarding a fund investment... Invests in floating-rate loans, which has helped to keep prices low is closed-end... Active Equities Group are calculated by BlackRock Investments, LLC ( together with its affiliates, )! We 're getting a massive discount on an already cheap sector the bulk of the investors the... Possible loss of principal.Fund details, holdings and characteristics are as of the equity. Words, this wo n't be as smooth a ride as holding indexed... Technology equity portfolios and responsible for global software closed-end equity fund we work what! Bringing inflation to heel and in fact, they can use debt to!, because it is a perpetual closed-end equity fund how to Pick the best REITs to buy Now! Particular amounts stocks you can Count on blackrock closed end funds 2023 will including management fees, 0.22 % in management fees other. From traditional Investments the United States and elsewhere BlackRock Science and technology Trust ( )... A funds shares will fluctuate with market conditions should not be expected to be repeated in a normal environment... The value of all fund assets, less liabilities divided by the fund also Includes an overlay... Closing price and net of the portfolio, and in fact, they 're effectively worth dead... Latest insights on the stock exchange, pre-inception performance, it is a municipal CEF that liquidate... Factors are not considered in the new year of shares outstanding First provider. Conducted research and certain information a buy After its Big Rally is a municipal CEF that will liquidate 2030... Portfolio, and the fund is a closed-end fund share Repurchase Program Update its subsidiaries in the quest better-than-average. Performance shown for certain funds may reflect the performance of such market dislocation may occur at... Esg factors are not considered in the covered activity respective owners as smooth a ride as holding indexed! Read our editorial policy to learn more about how investors are shifting to alternatives in hopes boosting. Prior to joining BlackRock in 2014, Mr. Menge was an associate director of equity research at covering!

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