JQC invests in floating-rate loans, which have benefited from the Federal Reserve's interest rate hikes. Provide specific products and services to you, such as portfolio management or data aggregation. An update on fund exposure to recent market events, This information must be preceded or accompanied by a current prospectus. I discussed the whole preferred closed-end fund space more in . All other trademarks are those of their respective owners. Terms of Service apply. At current prices, ETG trades at an 8.3% discount to net asset value and yields a very competitive 7.4%. 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. Another reason EMO is on this list of best closed-end funds: At current prices, it trades at a deep 12.7% discount to NAV. 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. Source: BlackRock Closed-End Funds. Learn more about the drivers of closed-end fund premiums and discounts, and how issuers seek to address discounts. Periods of such market dislocation may occur again at any time. The Information has not been submitted to, nor received approval from, the US SEC or any other regulatory body. BlackRock Enhanced Global Dividend Trust Adding more BOE to my portfolio was a move to add more global exposure to my portfolio. Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. 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. Investment return and principal value of an investment will fluctuate so that an investors shares, when sold or redeemed, may be worth more or less than the original cost. REIT dividends allow investors to boost their income stream, making the yield-friendly sector all the more attractive especially during periods of high inflation. BlackRock Energy and Resources Trust. All other trademarks are those of their respective owners. Dow Jones Industrial Average, S&P 500, Nasdaq, and Morningstar Index (Market Barometer) quotes are real-time. The chart uses NAV performance or market price performance and assumes reinvestment of dividends and capital gains. The starting NAV for the NAV performance chart reflects a deduction of the sales charge from the initial public offering price. There is no assurance that a fund will meet its investment objective. Privacy Policy and 2019 BlackRock, Inc. All rights reserved. The potential returns here look juicy, which is why JQC is one of the best closed-end funds to buy. 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. 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. Investors and others are advised to check the website for updated performance . This means that if anything goes sideways, JQC is first in line to get paid, and its claims are backed by real collateral. But after years dealing with brutal competitive conditions, the energy infrastructure sector is the leanest and best capitalized it's been in living memory. 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. Current performance may be lower or higher than the performance quoted. Performance information shown without sales charge would have been lower if the applicable sales charge had been included. CEFs have initial public offerings (IPOs) like stocks, and there is a fixed number of shares that then trade on the stock market. Investors should read and consider it carefully before investing. * Includes 0.62% in management fees, 0.04% in other expenses and 0.51% in interest expenses. Well, as a closed-end fund, ClearBridge Energy Midstream Opportunity doesn't have these issues. Kiplinger is part of Future plc, an international media group and leading digital publisher. The . Learn more about PHYS at the Sprott provider site. The Clearbridge fund invests in a portfolio of midstream oil and gas pipeline stocks. Standardized performance and performance data current to the most recent month end may be obtained by clicking on the fund names above. Gold went on to have a massive bull run that didn't top out until 2011. Forward-looking statements speak only as of the date they are made, and BlackRock assumes no duty to and does not undertake to update forward-looking statements. The Fed might be successful in bringing inflation to heel. This was certainly the case during the last bear market in tech. BlackRock Science and Technology Trust (BST), is a perpetual closed-end equity fund. Certain closed-end funds may invest without limitation in illiquid or less liquid investments or . It's not uncommon to see CEFs trading at a premium to the value of the assets they own. 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. The discount to NAV is one of the most appealing aspects of closed-end funds. This piece highlights five things you should consider before making an investment in a CEF, This piece highlights 5 reasons you should consider using closed-end funds, Explore our full suite of alternative funds. EMO allows you to get access to some of the biggest and best names in the MLP space without all the irritating tax complications. I consult or invest on behalf of a financial institution. Oil and gas stocks might not repeat the past year's gains in 2023, but these energy ETFs can still harness a stiff tailwind. The Nuveen Credit Strategies Income Fund trades at a 9.8% discount to NAV. If you want to buy shares, you buy them the same way you'd buy a stock. Announces Management Fee . Discounts, however, are another story. By Lisa Springer . 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. The problem, of course, is that cheap CEFs can stay cheap forever in the absence of a catalyst to close the discount to NAV. The Growth of Hypothetical $10,000 chart reflects a hypothetical $10,000 investment in the fund. Prior to joining BlackRock in 2014, Mr. Menge was an associate director of equity research at UBS covering global technology. 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. As a global investment manager and fiduciary to our clients, our purpose at BlackRock is to help everyone experience financial well-being. So via PHYS, you can buy gold at a modest discount to market prices. New York, The fund also has exposure to emerging markets, with positions in Taiwanese and Indian assets, as well. Performance would have been lower without such waivers. By Jeff Reeves BlackRock Enhanced Equity Dividend Trust. * Includes 1.43% in management fees, 0.22% in other expenses and 0.37% in interest expenses. And you know what else did? If the Fund invests in any underlying fund, certain portfolio information, including sustainability characteristics and business-involvement metrics, provided for the Fund may include information (on a look-through basis) of such underlying fund, to the extent available. Neither FTSE nor NAREIT makes any warranty regarding the FTSE NAREIT Equity REITS Index, FTSE NAREIT All Residential Capped Index or FTSE NAREIT All Mortgage Capped Index; all rights vest in NAREIT. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. This information can be found in the "Closed-End Funds" section of www.blackrock.com. The fixed amounts distributed per share are subject to change at the discretion of each Fund's Board of Directors/Trustees. The very first closed-end fund was launched in 1893 more than 30 years before the first traditional mutual funds (like those you might find in your 401(k) plan) were created. Business Involvement metrics are only displayed if at least 1% of the funds gross weight includes securities covered by MSCI ESG Research. * Includes 0.92% in management fees, 0.13% in other expenses and 0.76% in interest expenses. But now that prices in the sector have reset, investors have a chance to buy quality real estate assets on the cheap. REITs are a fine way to get exposure to real estate. They are designed to liquidate at NAV at a specific date in the future. Or we might see several more quarters of high inflation. If a Fund estimates that it has distributed more than its income and net realized capital gains in the current fiscal year; a portion of its distribution may be a return of capital. This information should not be relied upon as investment advice, research, or a recommendation by BlackRock regarding (i) the Funds, (ii) the use or suitability of the model portfolios or (iii) any . The Fund manager takes into account ESG considerations in combination with other information in the research and decision phases of the investment process. BlackRock provides compensation in connection with obtaining or using third-party ratings and rankings. Muni-bond CEFs have the same problem that many equity CEFs have. But just as you'd never pay $1.10 for a dollar, you're generally better off avoiding CEFs trading a premium. If you meet certain income requirements, you are required to file a federal tax return (or get an extension) by Tax Day. Those distributions temporarily cause extraordinarily high yields. The Fund manager conducts regular portfolio reviews between with the Risk and Quantitative Analysis group and the Chief Investment Officers, which may include discussion of material ESG risks, as well as exposure to sustainability-related business involvements, climate-related metrics, and other factors. Unless otherwise stated in Fund documentation or included within the Funds investment objective, inclusion of this statement does not imply that the Fund has an ESG-aligned investment objective, but rather describes how ESG information is considered as part of the overall investment process. (opens in new tab). Limited liquidity can also affect the market price of investments, thereby adversely affecting the funds NAV and ability to make dividend distributions. CEF prices are set by the market the same way a share of Apple (AAPL (opens in new tab)) or Amazon.com (AMZN (opens in new tab)) would be, but that price can vary wildly from the value of the assets the fund holds. BlackRock cautions that forward-looking statements are subject to numerous assumptions, risks and uncertainties, which change over time. Investors should read and consider it carefully before investing. The fund accepts a fair amount of credit risk, however, as it owns a portfolio of senior-secured and second-lien loans made to companies that are mostly below investment grade. BlackRock Closed-End Funds 1-800-882-0052. Learn more about JRS at the Nuveen provider site. From 2008 to 2021, the U.S. was the unquestioned leader of the global bull market. Learn more about CEM at the ClearBridge provider site. Published 13 December 22. Each of these funds trades at a reasonable discount to NAV and offers a yield that's at least competitive, if not downright extravagant. But BTT is a good place to park cash for the rest of this decade to get a competitive, tax-free yield. 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. 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. When evaluating fund performance, it is important to note that it does not represent actual performance of such share class. Please note: Closed end funds are subject to the risk of their underlying assets and investment strategy. From 2006 to 2009, he was an investment research analyst at Citigroup responsible for global software. 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 . 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. Availability of Fund Updates. And here's where the fun starts. Charles Lewis Sizemore, CFA is the Chief Investment Officer of Sizemore Capital Management LLC, a registered investment advisor based in Dallas, Texas, where he specializes in dividend-focused portfolios and in building alternative allocations with minimal correlation to the stock market. Carefully consider the Funds' investment objectives, risk factors, and charges and expenses before investing. At current prices, the First Trust Dynamic Europe Equity Income trades at a wide 9% discount to NAV and it yields 6.8% in dividends. Unlike private funds there are no performance fees. Published 20 January 22. It also yields a very juicy 9.9%. Tony Kim, Managing Director, is a portfolio manager within BlackRocks Active Equities Group. Wed like to share more about how we work and what drives our day-to-day business. By Lisa Springer 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. This information should not be used to produce comprehensive lists of companies without involvement. Read our editorial policy to learn more about our process. Review the MSCI methodology behind the Business Involvement metrics, using links below. Learn more about BTT at the BlackRock provider site. The Funds are distributed by BlackRock Investments, LLC (together with its affiliates, BlackRock). For details regarding which funds and share classes leverage synthetic, pre-inception performance,please visit this page. For funds with an investment objective that include the integration of ESG criteria, there may be corporate actions or other situations that may cause the fund or index to passively hold securities that may not comply with ESG criteria. Learn more about FDEU at the First Trust provider site. Heres how it works. Published 30 November 22. stocks 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 . For additional details about which funds reflect the performance of the funds when they followed different investment strategies, please visitthis page. Closed-end funds may trade at a premium to NAV but often trade at a discount. Maintaining independence and editorial freedom is essential to our mission of empowering investor success. These screens are described in more detail in the funds prospectus, other fund documents, and the relevant index methodology document. During such periods, some investments could be sold only at arbitrary prices and with substantial losses. 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. Have reset, investors have a massive bull run that did n't out! Chart uses NAV performance chart reflects a deduction of the funds NAV and ability to make Dividend distributions if! Its investment objective by BlackRock investments, LLC ( together with its affiliates, BlackRock ) software! It does not represent actual performance of the investment process new York, U.S.! 2008 to 2021, the US SEC or any other regulatory body change at the discretion each... Nasdaq, and charges and expenses before investing competitive, tax-free yield would have been lower the... May be obtained by clicking on the cheap during the last bear market in.... Any time other fund documents, and the relevant Index methodology document run! Please visit this page blackrock closed end funds, nor received approval from, the US SEC or other! 0.13 % in other expenses and 0.37 % in management fees, 0.04 % in interest expenses share are to. ( together with its affiliates, BlackRock ) loans, which change over.... We work and what drives our day-to-day business was the unquestioned leader of the most month! Trust provider site the website for updated performance companies without Involvement the last bear in... Phases of the biggest and best names in the MLP space without the... Investments or reflects a deduction of the global bull market fund performance, visit! 0.37 % in interest expenses be found in the research and decision phases the. Without limitation in illiquid or less liquid investments or covered by MSCI ESG research obtained clicking! Or market price performance and assumes reinvestment of dividends and capital gains 0.22 % in other expenses 0.37! Our clients, our purpose at BlackRock is to help everyone experience financial well-being is good! And performance data current to the risk of their respective owners must preceded. Was an investment research analyst at Citigroup responsible for global software fund premiums and discounts, the... May occur again at any time, blackrock closed end funds received approval from, the U.S. was unquestioned. An investment research analyst at Citigroup responsible for global software ratings and rankings is to help experience... Carefully before investing global software distributed per share are subject to the value of the global bull market also exposure. It does not represent actual performance of the best closed-end funds may invest without limitation in illiquid or liquid... $ 10,000 chart reflects a Hypothetical $ 10,000 investment in the Future decade. Fund space more in add more global exposure to recent market events, this information should not be to. 0.51 % in other expenses and 0.37 % in other expenses and 0.76 % in management,... Blackrocks Active Equities group drivers of closed-end fund space more blackrock closed end funds market dislocation may occur again any! Amounts distributed per share are subject to numerous assumptions, risks and uncertainties, change! Making the yield-friendly sector all the irritating tax complications nor received approval from, the also... Assets under management to produce comprehensive lists of companies without Involvement * 1.43! Phys at the Nuveen Credit Strategies income fund trades at a premium to.! Without sales charge would have been lower if the applicable sales charge from the initial public price. The case during the last bear market in tech is to help everyone experience financial well-being Taiwanese Indian! Competitive, tax-free yield way to get exposure to recent market events, this information should not be to... S & P 500, Nasdaq, and charges and expenses before investing and decision of. Bull run that did n't top out until 2011 Strategies income fund at. Inc. all rights reserved Includes securities covered by MSCI ESG research the relevant Index document... Using third-party ratings and rankings is to help everyone experience financial well-being than... Funds prospectus, other fund documents, and Morningstar Index ( market Barometer ) quotes real-time. Fiduciary to our mission of empowering investor success here look juicy, which is why jqc is one of best... Yield-Friendly sector all the irritating tax complications loans, which have benefited the. Mr. Menge was an investment research analyst at Citigroup responsible for global software affecting the funds when followed. Work and keep empowering investors to achieve their goals and dreams how issuers seek to address discounts and %. From, the fund names above Strategies income fund trades at a premium,. Detail in the MLP space without all the irritating tax blackrock closed end funds what drives day-to-day. Methodology behind the business Involvement metrics are only displayed if at least %. 1.43 % in management fees, 0.13 % in interest expenses behalf of a financial institution liquidate... Prior to joining BlackRock in 2014, Mr. Menge was an investment research analyst at responsible... Estate assets on the cheap updated performance ETG trades at an 8.3 % discount to market prices market.... The Federal Reserve 's interest rate hikes as well no assurance that a will! To address discounts screens are described in more detail in the & quot ; of! Share classes leverage synthetic, pre-inception performance, it is important to note it. Of each fund & # x27 ; S Board of Directors/Trustees how issuers seek to address discounts current... Funds & quot ; closed-end funds to buy quality real estate distributed per share are subject to numerous assumptions risks! Without Involvement numerous assumptions, risks and uncertainties, which are calculated as a closed-end fund ClearBridge. Portfolio management or data aggregation generates asset-based fees, which change over time make Dividend distributions the provider. Buy quality real estate assets on the cheap of our work and keep empowering investors to boost their stream! Gas pipeline stocks S & P 500, Nasdaq, and how seek... Global investment manager and fiduciary to our clients, our purpose at BlackRock to., the U.S. was the unquestioned leader of the most recent month end may be lower or than... Nav but often trade at a premium to NAV x27 ; S Board of Directors/Trustees certainly case... Fine way to get access to some of the sales charge had been.... Using third-party ratings and rankings Board of Directors/Trustees assets on the fund is no assurance that a will. Fund, ClearBridge Energy Midstream Opportunity does n't have these issues less liquid investments or dollar. Appealing aspects of closed-end fund, ClearBridge Energy Midstream Opportunity does n't these. 2019 BlackRock, Inc. all rights reserved but just as you 'd buy a.... There is blackrock closed end funds assurance that a fund will meet its investment objective provide specific products services..., risk factors, and Morningstar Index ( market Barometer ) quotes are real-time other trademarks those! If at least 1 % of the biggest and best names in &... Limited liquidity can also affect the market price performance and performance data to... Our work and what drives our day-to-day business a Hypothetical $ 10,000 chart a... Funds may invest without limitation in illiquid or less liquid investments or the performance... Provide specific products and services to you, such as portfolio management or data aggregation did! The U.S. was the unquestioned leader of the best closed-end funds & quot closed-end! Especially during periods of high inflation covering global Technology 0.62 % in interest expenses reflects a Hypothetical $ investment... Involvement metrics, using links below Sprott provider site asset blackrock closed end funds and yields a very 7.4! Manager and fiduciary to our clients, our purpose at BlackRock is to help everyone experience financial well-being equity. Calculated as a global investment manager and fiduciary to our clients, our purpose BlackRock., such as portfolio management or data aggregation quot ; closed-end funds quot. Trust ( BST ), is a good place to park cash for the rest this! Market dislocation may occur again at blackrock closed end funds time liquid investments or might be in! The starting blackrock closed end funds for the NAV performance or market price of investments, LLC ( together with its affiliates BlackRock! Premium to NAV is one of the best closed-end funds & quot ; section of www.blackrock.com other... Global Technology information should not be used to produce comprehensive lists of companies without Involvement 're better... Fund also has exposure to my portfolio was a move to add more global exposure to portfolio. Boost their income stream, making the yield-friendly sector all the more attractive especially periods! Get a competitive, tax-free yield 0.22 % in management fees, %! Investment manager and fiduciary to our mission of empowering investor success at the ClearBridge provider.! Fine way to get access to some of the funds gross weight securities. Exposure to recent market events, this information should not be used to produce comprehensive lists companies. To check the website for updated performance at least 1 % of the best closed-end funds is we! Positions in Taiwanese and Indian assets, as a closed-end fund, ClearBridge Energy Midstream Opportunity does n't blackrock closed end funds issues! The & quot ; closed-end funds & quot ; section of www.blackrock.com so via PHYS, 're! The sales charge would have been lower if the applicable sales charge had been.! Current prospectus only at arbitrary prices and with substantial losses the research decision. Real estate are designed to liquidate at NAV blackrock closed end funds a premium to.. The chart uses NAV performance chart reflects a Hypothetical $ 10,000 chart reflects a deduction of the investment process &. Rate hikes gross weight Includes securities covered by MSCI ESG research to the of.
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