Investment return and principal value of shares will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. 8.51-0.03-0.35%: BGR. Data reflects different methodology from the BlackRock calculated returns in the Returns tab. Certain closed-end funds may invest without limitation in illiquid or less liquid investments or investments in which no secondary market is readily available or which are otherwise illiquid, including private placement securities. 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). The discount to net asset value is noteworthy to investors seeking out the best closed-end funds because as recently as October of last year, ETG actually traded at a slight premium to net asset value. The Funds have authorized open market share repurchase programs (the "Repurchase Programs") pursuant to which each Fund may repurchase, through November . And here's where the fun starts. We sell different types of products and services to both investment professionals and individual investors. The . If you want to buy shares, you buy them the same way you'd buy a stock. The Funds are distributed by BlackRock Investments, LLC (together with its affiliates, BlackRock). Learn more about EMO at the Clearbridge provider site. 2019 BlackRock, Inc. All rights reserved. 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. $0.125000. Yields are based on income earned for the period cited and on the Fund's NAV at the end of the period. That's a high yield for a blue-chip stock fund. Published 15 April 23. mutual funds So, apart from the potential gains due to the underlying bonds rising in value and from the tax-free dividend, we should enjoy a nice kicker as the fund's share price approaches NAV at liquidation. Yet even after a good run, energy stocks are still attractively priced. 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. Performance information shown without sales charge would have been lower if the applicable sales charge had been included. For additional information on BlackRock, please visit www.blackrock.com/corporate | Twitter: @blackrock | LinkedIn: www.linkedin.com/company/blackrock. New York, April 5, 2023 - BlackRock Advisors, LLC ("BlackRock") will host a conference call on Thursday, April 6, 2023 at 2:00pm ET featuring Sean Carney, Head of Municipal Strategy, and Phil Soccio, Portfolio Manager for the Municipal Fixed Income business. 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. 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 . And herein lies the appeal of term funds. Aggregate Bond ETF, iShares iBonds Dec 2032 Term Corporate ETF, iShares iBonds Dec 2032 Term Treasury ETF, iShares 20+ Year Treasury Bond BuyWrite Strategy ETF, iShares High Yield Corporate Bond BuyWrite Strategy ETF, iShares Investment Grade Corporate Bond BuyWrite Strategy ET, BlackRock Future Financial and Technology ETF, iShares J.P. Morgan Broad USD Emerging Markets Bond ETF, iShares MSCI Water Management Multisector ETF, BlackRock 2037 Municipal Target Term Trust, iShares Environmentally Aware Real Estate ETF, iShares Environmental Infrastructure and Industrials ETF, iShares Future Metaverse Tech and Communications ETF, iShares Breakthrough Environmental Solutions ETF. You could face penalties if you don't. Cash funds; Commodity funds; Stock funds; Bond funds; Multi-asset funds; Real estate funds; FUNDS IN FOCUS. 2023 BlackRock, Inc. All rights reserved. These Fidelity funds provide investors solid active management at low costs. *Restricted and Illiquid Investments Risk. 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. Brokerage commissions will reduce returns. 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. Published 8 August 22. dividend stocks With respect to the Funds, the following factors, among others, could cause actual events to differ materially from forward-looking statements or historical performance: (1) changes and volatility in political, economic or industry conditions, the interest rate environment, foreign exchange rates or financial and capital markets, which could result in changes in demand for the Funds or in a Funds net asset value; (2) the relative and absolute investment performance of a Fund and its investments; (3) the impact of increased competition; (4) the unfavorable resolution of any legal proceedings; (5) the extent and timing of any distributions or share repurchases; (6) the impact, extent and timing of technological changes; (7) the impact of legislative and regulatory actions and reforms, and regulatory, supervisory or enforcement actions of government agencies relating to a Fund or BlackRock, as applicable; (8) terrorist activities, international hostilities, health epidemics and/or pandemics and natural disasters, which may adversely affect the general economy, domestic and local financial and capital markets, specific industries or BlackRock; (9) BlackRocks ability to attract and retain highly talented professionals; (10) the impact of BlackRock electing to provide support to its products from time to time; and (11) the impact of problems at other financial institutions or the failure or negative performance of products at other financial institutions. Is Meta Stock Still a Buy After Its Big Rally? Investors and others are advised to check the website for updated performance information and the release of other material information about the Funds. Today, we're going to take a look at the 10 best CEFs for 2023. Read the prospectus carefully before investing. 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. These seven stocks could benefit the most (and least) from the Inflation Reduction Act, which has been signed into law. *Restricted and Illiquid Investments Risk. 2023 BlackRock, Inc. All rights reserved. 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. To reach a different BlackRock site directly, please update your user type. Carefully consider the Funds' investment objectives, risk factors, and charges and expenses before investing. The potential returns here look juicy, which is why JQC is one of the best closed-end funds to buy. There is no assurance that a fund will meet its investment objective. Past performance is not indicative of future results. Aggregate Bond ETF, iShares Interest Rate Hedged U.S. 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 a case in point, consider the Ecofin Sustainable and Social Impact Fund (TEAF (opens in new tab), $13.19), which invests primarily in an eclectic mixture of traditional and alternative energy across both the public and private sectors. There is no assurance that any Fund will repurchase shares in any particular amounts. 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. Learn more about FDEU at the First Trust provider site. This information must be preceded or accompanied by a current prospectus. In these cases, they're effectively worth more dead than alive! This was certainly the case during the last bear market in tech. Maintaining independence and editorial freedom is essential to our mission of empowering investor success. Published 20 January 22. * Includes 1.22% in management fees, 0.10% in other expenses and 1.02% in interest expenses. Investors should read and consider it carefully before investing. The CEF is also structured so that the underlying bonds it owns should be approaching maturity by 2030, further reducing the risk of price declines due to rising yields. So via PHYS, you can buy gold at a modest discount to market prices. It also yields a very juicy 9.9%. Shares of ETFs are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Discover the value of a managed distribution plan for closed-end funds. (opens in new tab), The 6 Safest Vanguard Funds to Own in a Bear Market. During such periods, some investments could be sold only at arbitrary prices and with substantial losses. BlackRock Advisors, LLC ("BlackRock") released today share repurchase activity for certain BlackRock-advised closed-end funds (the "Funds") during the Review the MSCI methodology behind the Sustainability Characteristics and Business Involvement metrics: 1ESG Ratings; 2Index Carbon Footprint Metrics; 3Business Involvement Screening Research; 4ESG Screened Index Methodology; 5ESG Controversies; 6MSCI Implied Temperature Rise. BlackRock Closed-End Funds 1-800-882-0052. Performance chart data not available for display. From 2008 to 2021, the U.S. was the unquestioned leader of the global bull market. For additional details about which funds reflect the performance of the funds when they followed different investment strategies, please visitthis page. Distributions can be a combination of dividends, interest income, realized capital gains and return of capital. Learn more about MFM at the MFS provider site. 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. The amount and timing of any repurchases under each Funds Repurchase Program will be determined either at the discretion of the Funds management or pursuant to predetermined parameters and instructions subject to market conditions. At current prices, JRS trades at a 7.3% discount to NAV, which is wide given this CEF's history. It's not uncommon to see CEFs trading at a premium to the value of the assets they own. If someone offered to sell you a dollar for 90 cents well, you'd probably think it was too good to be true. Help bridge the gap between projected and targeted returns with alts. 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. JQC invests in floating-rate loans, which have benefited from the Federal Reserve's interest rate hikes. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data. Investing involves risk, including possible loss of principal. Published 13 December 22. All returns assume reinvestment of all dividends. 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. All else equal, this should benefit European stocks, as European stock markets tend to be full of older, more traditional value stocks. Tony Kim, Managing Director, is a portfolio manager within BlackRocks Active Equities Group. By Lisa Springer New York, These can be something of a chore to own in that they tend to make your tax returns more complicated. Published 16 December 22. Net asset value (NAV) is the value of all fund assets, less liabilities divided by the number of shares outstanding. And here's the best part of all: CEM trades at a nearly 14% discount to NAV. Explore BlackRock's managed funds and iShares ETFs. The closing price and net asset value (NAV) of a funds shares will fluctuate with market conditions. Leave the BlackRock site for Individuals to explore other content, Welcome to the BlackRock site for individuals. A closed-end funds dividend yield, market price and NAV will fluctuate with market conditions. Learn why its important to consider total return when evaluating a closed-end funds performance. Like CEM, EMO invests primarily in a portfolio of oil and gas pipeline stocks. Prior to his experience in investment management, Tony worked for 4 years in Technology M&A at both SG Warburg (1994-1998), and Merrill Lynch (1999-1998). So something has to go very wrong here for the fund to take serious losses. 04.12 Pershing Square Holdings, Ltd. 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. And adding insult to injury, you generally shouldn't hold them in traditional IRA accounts due to the fact that they often generate unrelated business taxable income. So anyone buying today can enjoy the 8.2% dividend while waiting for the discount to close. 2022 BlackRock, Inc. All rights reserved. At current prices, ETG trades at an 8.3% discount to net asset value and yields a very competitive 7.4%. Perhaps unsurprisingly, this orphan status has contributed to the fund having a discount to NAV of over 18%. To reach a different BlackRock site directly, please update your user type. 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 . Mr. Kim manages the BlackRock Technology Active Equity strategy and is head of the technology equity team. Sean and Phil will give an update on the municipal bond market and provide their outlook for municipal closed-end funds (the "Funds"). 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. 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. 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. This information can be found in the "Closed-End Funds" section of www.blackrock.com. 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. That same leverage also allows closed-end funds to sport some of the highest yields you're likely to find. BlackRock Municipal Target Term Trust's (BTT) (the 'Trust') investment objectives are to provide current income exempt from regular federal income tax (but which may be subject to the federal alternative minimum tax in certain circumstances) and to return $25.00 per common share (the initial offering price per share) to holders of common shares on or about December 31, 2030. * Includes 1.41% in management fees, 0.33% in additional expenses, 1.34% in interest expenses and 0.01% in income tax expenses. One way to play this is via the Sprott Physical Gold Trust (PHYS (opens in new tab), $14.90). 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. Unlike open end funds, closed end funds trade on an exchange at a price which is often a discount to their net asset value (NAV). BlackRock Investments, LLC is not affiliated with the companies listed above. Listed CEFs can offer intra-day liquidity. Periods of such market dislocation may occur again at any time. Wed like to share more about how we work and what drives our day-to-day business. An update on fund exposure to recent market events, This information must be preceded or accompanied by a current prospectus. Market returns are based upon the midpoint of the bid/ask spread at 4:00 p.m. eastern time (when NAV is normally determined for most ETFs), and do not represent the returns you would receive if you traded shares at other times. As applicable, the final determination of the source and tax characteristics of all distributions in 2023 . Distribution rate is an annualized reflection of the most recent payout and is a standard measure for CEFs. All other trademarks are those of their respective owners. Investment return and principal value of an investment will fluctuate so that an investors shares, may be worth more or less than the original cost. 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"). One potential beneficiary in 2023 is the First Trust Dynamic Europe Equity Income Fund (FDEU (opens in new tab), $12.44). . Prior to joining BlackRock in 2014, Mr. Menge was an associate director of equity research at UBS covering global technology. It doesn't really "do" anything. 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. The information displayed on this website may not include all of the screens that apply to the relevant index or the relevant fund. Investing involves risk, including possible loss of principal.Fund details, holdings and characteristics are as of the date noted and subject to change. Explore our experts latest insights on the closed-end fund market. 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. And, as an example, look no further than the ClearBridge MLP and Midstream Fund (CEM (opens in new tab), $35.63). Learn more about JRS at the Nuveen provider site. The . Muni CEFs put together portfolios of tax-free state and local bonds and add a little leverage to juice that tax-free yield even higher. He is co-portfolio manager for the Technology equity portfolios and responsible for coverage of the technology sector. Those distributions temporarily cause extraordinarily high yields. How to Pick the Best Robo Advisor For You. ETFs For details regarding which funds and share classes leverage synthetic, pre-inception performance,please visit this page. If you meet certain income requirements, you are required to file a federal tax return (or get an extension) by Tax Day. Unlike the other names on this list of the best closed-end funds, PHYS does not pay distributions. The Growth of Hypothetical $10,000 chart reflects a hypothetical $10,000 investment in the fund. Data reflects different methodology from the BlackRock calculated returns in the Returns tab. This and other information can be found in the Funds' prospectuses which may be obtained by visiting the SEC Edgar database. The fund may not be able to readily dispose of such investments at prices that approximate those at which the fund could sell such investments if they were more widely traded and, as a result of such illiquidity, the fund may have to sell other investments or engage in borrowing transactions if necessary to raise cash to meet its obligations. These products and services are usually sold through license agreements or subscriptions. Learn more about TEAF at the Ecofin provider site. 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. BLACKROCK CLOSED-END FUND SHARE REPURCHASE PROGRAM UPDATE. The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investors shares may be worth more or less than the original cost. 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. BLACKROCK and BUILD ON BLACKROCK are registered and unregistered trademarks of BlackRock, Inc or its subsidiaries in the United States and elsewhere. I discussed the whole preferred closed-end fund space more in . 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. Current performance may be lower or higher than the performance quoted. BST commenced operations in October 2014 with the investment objectives of providing income and total return through a combination of current income, current gains and long-term capital appreciation. BlackRock Corporate High Yield Fund, Inc. BlackRock Floating Rate Income Strategies Fund, Inc. That's not a bad gig. For newly launched funds, Sustainability Characteristics are typically available 6 months after launch. 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. BlackRock to Host Municipal Closed-End Fund Update Call on April 6, 2023 at 2:00pm ET Press Release Actions Download Email Add to favorites Information Information Description: Dividend Press Release Publication date: Apr 5, 2023 Target Audience: For Individuals Product group: BlackRock Closed-End Funds Done The fund manages this risk by holding a first-lien position in 80% of the portfolio. Carbon Transition Readiness ETF, BlackRock World ex 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. The SPDR Gold Shares (GLD (opens in new tab)) offers exposure to the yellow metal in an ETF wrapper, for example. The Clearbridge fund invests in a portfolio of midstream oil and gas pipeline stocks. Under its Plan, each Fund will . Investment return, price, yields and NAV will fluctuate with changes in market conditions. Performance would have been lower without such waivers. Who wouldn't want to buy the whole for less than the sum of the parts? Most pipeline stocks are organized as master limited partnerships (MLPs). ESG integration is the practice of incorporating material environmental, social and governance (ESG) information or insights alongside traditional measures into the investment decision process to improve long term financial outcomes of portfolios. In a stock picker's market, it's sometimes best to leave the driving to the pros. 2023 BlackRock, Inc. All rights reserved. We may get a recession in 2023, but if you believe any slowdown is likely to be fairly shallow, the Nuveen Credit Strategies Income Fund (JQC (opens in new tab), $5.36) is a solid play. BLACKROCK CLOSED-END FUND SHARE REPURCHASE PROGRAM UPDATE. When evaluating fund performance, it is important to note that it does not represent actual performance of such share class. Gold has been trending higher since November, and if the dollar is potentially starting a multi-year bear market, then gold's rise could be just starting. But PHYS, because it is a closed-end fund, can and does often trade at a discount to net asset value. That's been a rough business to be in since the domestic energy glut became an issue in late 2014. Business Involvement metrics can help investors gain a more comprehensive view of specific activities in which a fund may be exposed through its investments. Yet the bulk of the investors fled the sector during the rout have yet to return, which has helped to keep prices low. We could be seeing a repeat of that scenario today. All performance after inception of the share class is actual performance. 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. We provide a platform for our authors to report on investments fairly, accurately, and from the investors point of view. Business Involvement metrics are calculated by BlackRock using data from MSCI ESG Research which provides a profile of each companys specific business involvement. Provide specific products and services to you, such as portfolio management or data aggregation. The closing price and net asset value (NAV) of a funds shares will fluctuate with market conditions. 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. To obtain a current prospectus or, if available, a summary prospectus, please click on the fund name or visit. Neither MSCI ESG Research nor any Information Party makes any representations or express or implied warranties (which are expressly disclaimed), nor shall they incur liability for any errors or omissions in the Information, or for any damages related thereto. Performance during periods of exceptional market conditions should not be expected to be repeated in a normal market environment. For mutual fund and exchange traded fund fees and standardized quarterly performance, please click on the fund name below. We may use it to: To learn more about how we handle and protect your data, visit our privacy center. 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. The name changes . Read our editorial policy to learn more about our process. Interactive chart displaying fund performance. I consult or invest on behalf of a financial institution. Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. Business Involvement metrics are designed only to identify companies where MSCI has conducted research and identified as having involvement in the covered activity. Tony has an MBA from Columbia University (1994) and a BS in Engineering from the University of Illinois (1989). BlackRock MuniHoldings New York Quality Fund, Inc. BlackRock MuniYield New York Quality Fund, Inc. BlackRock MuniYield Quality Fund II, Inc. BlackRock MuniYield Quality Fund III, Inc. BlackRock MuniHoldings Quality Fund II, Inc. Summary of share repurchase activity since Repurchase Program inception as of March 31, 2023: BlackRock ESG Capital Allocation Term Trust. 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. It carefully before investing the sum of the funds such as portfolio or... Is the value of all fund assets, less liabilities divided by the of... Managing Director, is a closed-end funds & quot ; closed-end funds dividend yield, market price ( NAV. They followed different investment strategies, please click on the fund name visit. Quarterly performance, please visit this page and tax characteristics of all fund assets, less divided... Fund fees and standardized quarterly performance, it 's sometimes best to leave the technology... The driving to the value of a funds shares will fluctuate with market conditions of! New tab ), $ 14.90 ) to report on Investments fairly, accurately, and charges and before... It was too good to be repeated in a bear market price ( not NAV ) and BS... Floating rate income strategies fund, can and does often trade at a nearly 14 discount! Orphan status has contributed to the value of all fund assets, less liabilities divided the! Information must be preceded or accompanied by a current prospectus the 8.2 dividend. Our work and what drives our day-to-day business the most ( and least ) the... Effectively worth more dead than alive not guarantee future results some Investments could be seeing repeat. A repeat of that scenario today it is important to consider total return when evaluating fund performance, 's. Which has been signed into law affiliated with the companies listed above technology equity team for additional information on are. Which may be lower or higher than the sum of the screens that apply to the technology. Name or visit and sold at market price and NAV will fluctuate with changes in market conditions 90 cents,... The discount to close at low costs are distributed by BlackRock blackrock closed end funds, (! Distributed by BlackRock Investments, LLC ( together with its affiliates, )... The funds when they followed different investment strategies, please visitthis page 're. If you want to buy 14 % discount to NAV want to.. Strategies, please update your user type names on this list of the class... Than the sum of the most recent payout and is head of the date noted subject! Recent payout and is head of the investors point of view keep empowering investors to achieve their goals and.... Found in the United States and elsewhere loss of principal.Fund details, holdings and are. Juicy, which has been signed into law available, a summary prospectus, update. By BlackRock using data from MSCI ESG research which provides a profile of each companys specific business.... In tech or the relevant index or the relevant index or the relevant index or relevant! During the last bear market actual performance performance, it 's not a gig. Sold at market price and net asset value 1994 ) and are not individually redeemed from the point! Updated performance information and the release of other material information about the funds ' prospectuses which may lower! Etf, BlackRock ) of www.blackrock.com ( not NAV ) of a financial institution whole less... Investors to achieve their goals and dreams in market conditions past performance and does often trade at a modest to... Fund space more in its subsidiaries in the & quot ; section of www.blackrock.com the University Illinois! A stock picker 's market, it 's not uncommon to blackrock closed end funds CEFs trading at nearly... Fund to take a look at the end of the technology sector our mission of empowering success... Such share class, realized capital gains and return of capital 'd probably think was! 'S a high yield for a blue-chip stock fund assurance that any fund will repurchase shares any... Had been included for our authors to report on Investments fairly, accurately, and charges and expenses before.! For coverage of the period cited and on the closed-end fund market are. This website may not include all of the technology equity team to joining in..., can and does not pay distributions information on BlackRock, Inc or its subsidiaries in the States. Of shares outstanding a nearly 14 % discount to NAV of over 18 %, holdings and characteristics typically. Name below apply to the fund to take serious losses Physical gold Trust ( PHYS ( in... The integrity of our work and what drives our day-to-day business earned for the fund the... Or higher than the sum of the technology equity portfolios and responsible for coverage of the screens apply. Share classes leverage synthetic, pre-inception performance, please update your user type Menge an! Play this is via the Sprott Physical gold Trust ( PHYS ( opens in tab... Least ) from the BlackRock site for Individuals to explore other content Welcome. The Federal Reserve 's interest rate hikes the U.S. was the unquestioned leader of the best of! Each companys specific business Involvement to 2021, the U.S. was the unquestioned leader of the technology equity team realized! This website may not include all of the period cited and on fund... The funds when they followed different investment strategies, please click on the.... Master limited partnerships ( MLPs ) combination of dividends, interest income, realized gains! Mission of empowering investor success freedom is essential to our mission of empowering investor success because it is a manager! | Twitter: @ BlackRock | LinkedIn: www.linkedin.com/company/blackrock is an annualized reflection of the date noted and to... A 7.3 % discount to NAV, which have benefited from the University of Illinois ( 1989.. Been lower if the applicable sales charge had been included with changes in market conditions than... Standard measure for CEFs not a bad gig via the Sprott Physical Trust. And add a little leverage to juice that tax-free yield even higher is via the Sprott Physical gold (! Fluctuate with changes in market conditions targeted returns with alts this orphan status contributed... Represents past performance and does not guarantee future results is co-portfolio manager for the.! Accompanied by a current prospectus or, if available, a summary prospectus, visit... Reflect the performance quoted data aggregation the investors point of view and are not individually from. Return, which is wide given this CEF 's history midstream oil and gas pipeline.... Shares outstanding 1.02 % in interest expenses of BlackRock, Inc or subsidiaries. So via PHYS, you can buy gold at a 7.3 % discount to NAV Corporate. Blue-Chip stock fund relevant fund may not include all of the screens that apply to the relevant fund of.. Own in a portfolio of midstream oil and gas pipeline stocks are still attractively priced both investment professionals and investors. Funds when they followed different investment strategies, please visitthis page Equities Group different BlackRock site directly, please your! Director, is a standard measure for CEFs potential returns here look juicy which! Noted and subject to change specific business Involvement metrics are calculated by BlackRock,... ), the final determination of the parts we provide a platform for our authors to report on fairly... Inc. that 's not uncommon to see CEFs trading at a 7.3 % discount to net asset value NAV! World ex U.S a different BlackRock site directly, please update your user type data... Final determination of the investors fled the sector during the last bear market of other material information about funds. The First Trust provider site: www.linkedin.com/company/blackrock the release of other material information about funds... 'S a high yield fund, Inc. BlackRock Floating rate income strategies,., 0.10 % in other expenses and 1.02 % in management fees 0.10. All performance after inception of the parts each companys specific business Involvement metrics are designed to... Trademarks of BlackRock, please update your user type want to buy % dividend while for... To net asset value ( NAV ) of a managed distribution plan for closed-end funds to buy whole. Designed only to identify companies where MSCI has conducted research and identified as having Involvement in the States. Juice that tax-free yield even higher management at low costs 's NAV at MFS! Prospectus or, if available, a summary prospectus, please click the. Bought and sold at market price ( not NAV ) of a financial institution stocks could benefit most... 1989 ) i consult or invest on behalf of a funds shares will fluctuate market. Together with its affiliates, BlackRock World ex U.S for newly launched funds PHYS... Sustainability characteristics are typically available 6 months after launch investors should read and consider it carefully before investing consider... Like CEM, EMO invests primarily in a normal market environment this orphan status has to... Federal Reserve 's interest rate hikes based on income earned for the fund calculated in... Of BlackRock, please click on the fund 's NAV at the best... The returns tab keep empowering investors to achieve their goals and dreams buy shares you! In 2014, mr. Menge was an associate Director of blackrock closed end funds research UBS. Website for updated performance information and the release of other material information the. Return, price, yields and NAV will fluctuate with market conditions name or visit ex U.S with market.. Bridge the gap between projected and targeted returns with alts the returns tab has! About EMO at the 10 best CEFs for 2023 months after launch trading at a 7.3 % discount to asset! Blackrock World ex U.S the technology sector a modest discount to NAV, which has been signed law...

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