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. We already covered the Ecofin Sustainable and Social Impact Fund (TEAF (opens in new tab)), which has a liquidation date in 2031. For details regarding which funds and share classes leverage synthetic, pre-inception performance,please visit this page. BlackRock Enhanced Equity Dividend Trust. Discover the value of a managed distribution plan for closed-end funds. 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. Common shares for most of the closed-end funds identified above are only available for purchase and sale at current market price on a stock exchange. As a global investment manager and fiduciary to our clients, our purpose at BlackRock is to help everyone experience financial well-being. Provide specific products and services to you, such as portfolio management or data aggregation. Maintaining independence and editorial freedom is essential to our mission of empowering investor success. Leave the BlackRock site for Individuals to explore other content, Welcome to the BlackRock site for individuals. The Growth of Hypothetical $10,000 chart reflects a hypothetical $10,000 investment in the fund. Rather than simply show up on your normal broker 1099-B or 1099-Div, MLPs come with complicated K1 tax statements. Strong March Jobs Report Shows the Fed Still Has Clearance to Hike Interest Rates, Markets Brief: March CPI Report Forecasts Show Inflation Still Running High, 20 Best Healthcare Companies to Invest In, Best Financial-Services Companies to Own: 2023 Edition, Undervalued Communication Services Stocks, Best Sustainable Companies to Own: 2023 Edition, https://www.businesswire.com/news/home/20230411005761/en/. Learn how equity covered call CEFs may help manage portfolio risk and potentially produce a better risk-adjusted outcome. To reach a different BlackRock site directly, please update your user type. Or we might see several more quarters of high inflation. 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). 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. Distributions are a key part of a CEFs total return - find out how much your CEF has paid in distributions over time. For newly launched funds, Sustainability Characteristics are typically available 6 months after launch. Current performance may be lower or higher than the performance quoted. Learn more about PHYS at the Sprott provider site. More articles loaded. But as we saw in 2022, leverage can cut both ways, as losses can also be outsized. * Includes 0.62% in management fees, 0.04% in other expenses and 0.51% in interest expenses. Heres how it works. So if you buy one at a discount and hold until liquidation, you should benefit handsomely as that discount narrows. Closed-end funds may trade at a premium to NAV but often trade at a discount. Prior to joining BlackRock in 2014, Mr. Menge was an associate director of equity research at UBS covering global technology. Carefully consider the Funds' investment objectives, risk factors, and charges and expenses before investing. And there's an inflation angle as well. (opens in new tab), Best Dividend Stocks You Can Count On in 2023. 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. Explore BlackRock's managed funds and iShares ETFs. Some BlackRock funds make distributions of ordinary income and capital gains at calendar year end. The discount to NAV is one of the most appealing aspects of closed-end funds. NY 10036. Net asset value (NAV) is the value of all fund assets, less liabilities divided by the number of shares outstanding. Distribution rate is an annualized reflection of the most recent payout and is a standard measure for CEFs. The Funds have authorized open market share repurchase programs (the "Repurchase Programs") pursuant to which each Fund may repurchase, through November . When you purchase through links on our site, we may earn an affiliate commission. We may use it to: To learn more about how we handle and protect your data, visit our privacy center. Related Quotes. Terms of Service apply. PHYS is not the only way to play gold, of course. By Charles Lewis Sizemore, CFA As market sentiment improves, that discount should shrink, adding additional returns to the fat 10.63% yield. Subsequent monthly distributions that do not include ordinary income or capital gains in the form of dividends will likely be lower. Learn more about FDEU at the First Trust provider site. In a stock picker's market, it's sometimes best to leave the driving to the pros. * Includes 1.41% in management fees, 0.33% in additional expenses, 1.34% in interest expenses and 0.01% in income tax expenses. Business Involvement metrics are calculated by BlackRock using data from MSCI ESG Research which provides a profile of each companys specific business involvement. (opens in new tab). Learn more about CEM at the ClearBridge provider site. 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. Business Involvement metrics can help investors gain a more comprehensive view of specific activities in which a fund may be exposed through its investments. That same leverage also allows closed-end funds to sport some of the highest yields you're likely to find. BlackRock Large Cap Focus Growth Fund, Inc. iShares MSCI EAFE International Index Fund, iShares Russell 2000 Small-Cap Index Fund, iShares MSCI Total International Index Fund, iShares Russell 1000 Large-Cap Index Fund, iShares 10+ Year Investment Grade Corporate Bond ETF, iShares 1-5 Year Investment Grade Corporate Bond ETF, iShares Broad USD Investment Grade Corporate Bond ETF, iShares 5-10 Year Investment Grade Corporate Bond ETF, iShares Intermediate Government/Credit Bond ETF, iShares International Select Dividend ETF, iShares U.S. Broker-Dealers & Securities Exchanges ETF, iShares U.S. Oil & Gas Exploration & Production ETF, iShares U.S. Oil Equipment & Services ETF, iShares J.P. Morgan EM Corporate Bond ETF, iShares J.P. Morgan EM High Yield Bond ETF, iShares J.P. Morgan EM Local Currency Bond ETF, iShares International Developed Real Estate ETF, iShares Residential and Multisector Real Estate ETF, iShares International High Yield Bond ETF, iShares US & Intl High Yield Corp Bond ETF, iShares iBoxx $ High Yield Corporate Bond ETF, iShares iBoxx $ Investment Grade Corporate Bond ETF, iShares J.P. Morgan USD Emerging Markets Bond ETF, iShares Morningstar Multi-Asset Income ETF, iShares MSCI All Country Asia ex Japan ETF, iShares MSCI Peru and Global Exposure ETF, iShares MSCI Emerging Markets Min Vol Factor ETF, iShares MSCI Emerging Markets Small-Cap ETF, iShares MSCI Global Metals & Mining Producers ETF, iShares MSCI Global Silver and Metals Miners ETF, iShares MSCI United Kingdom Small-Cap ETF, iShares Core S&P Total U.S. Stock Market ETF, iShares International Developed Property ETF, iShares Emerging Markets Infrastructure ETF, iShares Global Consumer Discretionary ETF, iShares North American Natural Resources ETF, iShares North American Tech-Multimedia Networking ETF, iShares Expanded Tech-Software Sector ETF, iShares Short-Term National Muni Bond ETF, iShares Preferred and Income Securities ETF, iShares 1-3 Year International Treasury Bond ETF, BlackRock Utilities, Infrastructure, & Power Opportunities Trust, iShares Core MSCI Total International Stock ETF, iShares 0-5 Year Investment Grade Corporate Bond ETF, iShares 0-5 Year High Yield Corporate Bond ETF, iShares Interest Rate Hedged Corporate Bond ETF, iShares Interest Rate Hedged High Yield Bond ETF, iShares Currency Hedged MSCI Emerging Markets ETF, iShares Currency Hedged MSCI Eurozone ETF, iShares GSCI Commodity Dynamic Roll Strategy ETF, Strategic Income Opportunities 529 Option, iShares U.S. 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. This press release, and other statements that BlackRock or a Fund may make, may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act, with respect to a Funds or BlackRocks future financial or business performance, strategies or expectations. Investment return, price, yields and NAV will fluctuate with changes in market conditions. ETFs Published 20 January 22. BlackRock MuniHoldings California Quality Fund, Inc. BlackRock MuniHoldings New Jersey Quality Fund, Inc. BlackRock MuniYield Michigan Quality Fund, Inc. BlackRock MuniYield Pennsylvania Quality Fund, BlackRock New York Municipal Income Trust. For more information regarding a fund's investment strategy, please see the fund's prospectus. *Restricted and Illiquid Investments Risk. Periods of such market dislocation may occur again at any time. Published 16 December 22. Dow Jones Industrial Average, S&P 500, Nasdaq, and Morningstar Index (Market Barometer) quotes are real-time. Like CEM, EMO invests primarily in a portfolio of oil and gas pipeline stocks. 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. 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. 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. Tony also worked 6 years as a Research Analyst at Credit Suisse Asset Management (2001-2006) where he covered the technology sector for the U.S. large cap funds and was a portfolio manager for the Global Internet & Software sector fund. The foregoing shall not exclude or limit any liability that may not by applicable law be excluded or limited. 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. 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. CEFs have initial public offerings (IPOs) like stocks, and there is a fixed number of shares that then trade on the stock market. 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. 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. Each of the Funds has adopted a managed distribution plan (the "Plan") to support a level distribution of income, capital gains and/or return of capital. But here's the fun part and what makes TEAF one of the best closed-end funds to own: The CEF is designed to liquidate in 2031. Listed CEFs can offer intra-day liquidity. New York, BlackRock provides compensation in connection with obtaining or using third-party ratings and rankings. By Kyle Woodley Today, we're going to take a look at the 10 best CEFs for 2023. Because REITs have always had a major emphasis on income, investors came to view them as a bond substitute over the past two decades. 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. This and other information can be found in the Funds' prospectuses which may be obtained by visiting the SEC Edgar database. Muni-bond CEFs have the same problem that many equity CEFs have. Symbol Last Price Change % Change; BDJ. As a global investment manager and fiduciary to our clients, our purpose at BlackRock is to help everyone experience financial well-being. 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. CEF shares are bought and sold at market price determined by competitive bidding on the stock exchange. (opens in new tab), The 5 Best Actively Managed Fidelity Funds to Buy Now. 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. So via PHYS, you can buy gold at a modest discount to market prices. The Fund manager takes into account ESG considerations in combination with other information in the research and decision phases of the investment process. From 2008 to 2021, the U.S. was the unquestioned leader of the global bull market. Leave the BlackRock site for Individuals to explore other content, Welcome to the BlackRock site for individuals. Is Meta Stock Still a Buy After Its Big Rally? But PHYS, because it is a closed-end fund, can and does often trade at a discount to net asset value. I consult or invest on behalf of a financial institution. If someone offered to sell you a dollar for 90 cents well, you'd probably think it was too good to be true. Although the character of income will not be determined until the end of the funds fiscal year, please refer to the 'Closed-End Fund Resources' section of the BlackRock website for Section 19 notices that provide estimated amounts and sources of the fund's distributions, which should not be not be relied upon for tax reporting purposes. 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. This information must be preceded or accompanied by a current prospectus. Speaking of energy, good old fashioned oil stocks were some of the best performers in 2022 and the energy sector entered 2023 with strong momentum. All performance after inception of the share class is actual performance. Source: Lipper. The Funds are distributed by BlackRock Investments, LLC (together with its affiliates, BlackRock). 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. * Includes 1.22% in management fees, 0.10% in other expenses and 1.02% in interest expenses. 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. 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. October 05, 2022 04:30 PM Eastern Daylight Time. 2023 BlackRock, Inc. All rights reserved. If you like muni bonds, you should love muni-bond CEFs. Investing involves risk, including possible loss of principal.Fund details, holdings and characteristics are as of the date noted and subject to change. Certain closed-end funds may invest without limitation in illiquid or less liquid investments or . 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. CEFs are a type of investment fund, and in fact, they are older than mutual funds. Announces Management Fee . Some funds may be based on or linked to MSCI indexes, and MSCI may be compensated based on the funds assets under management or other measures. Source: BlackRock Closed-End Funds. Review the MSCI methodology behind the Business Involvement metrics, using links below. 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. A few of its biggest holdings are solid pipeline firms Energy Transfer (ET (opens in new tab)), Enterprise Products Partners (EPD (opens in new tab)) and MPLX (MPLX (opens in new tab)). Brokerage commissions will reduce returns. None of these companies make any representation regarding the advisability of investing in the Funds. Published 8 August 22. dividend stocks When you want to sell, the manager will sell a small amount of assets to cash you out. And you know what else did? Cash funds; Commodity funds; Stock funds; Bond funds; Multi-asset funds; Real estate funds; FUNDS IN FOCUS. Help bridge the gap between projected and targeted returns with alts. That's a high yield for a blue-chip stock fund. Yet these are exactly the kinds of opportunities that arise in the market's best closed-end funds (CEFs). BlackRock Energy and Resources Trust. Another nice aspect of CEFs is that, unlike mutual funds, they can use debt leverage to juice their returns. 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. These screens are described in more detail in the funds prospectus, other fund documents, and the relevant index methodology document. As a result, it is possible there is additional involvement in these covered activities where MSCI does not have coverage. 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. Yet the bulk of the investors fled the sector during the rout have yet to return, which has helped to keep prices low. (opens in new tab). The chart uses NAV performance or market price performance and assumes reinvestment of dividends and capital gains. Published 13 April 22. stocks The potential returns here look juicy, which is why JQC is one of the best closed-end funds to buy. Current performance may be lower or higher than the performance quoted. 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. Investing involves risk, including possible loss of principal. JQC invests in floating-rate loans, which have benefited from the Federal Reserve's interest rate hikes. This means that if anything goes sideways, JQC is first in line to get paid, and its claims are backed by real collateral. March 31, 2023. (opens in new tab), The 6 Safest Vanguard Funds to Own in a Bear Market. This and other information can be found in the Funds' prospectuses. By Jeff Reeves All returns assume reinvestment of all dividends. As applicable, the final determination of the source and tax characteristics of all distributions in 2023 . 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. Get the latest news on BlackRocks closed-end funds. Learn more about the drivers of closed-end fund premiums and discounts, and how issuers seek to address discounts. This information should not be used to produce comprehensive lists of companies without involvement. Privacy Policy and 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. $0.125000. The term feature ensures NAV liquidity upon maturity. 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. Mr. Menge earned a BA degree in history from Cornell University in 2001. Learn more about EMO at the Clearbridge provider site. 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. The SPDR Gold Shares (GLD (opens in new tab)) offers exposure to the yellow metal in an ETF wrapper, for example. You're not going to get wealthy on that, of course. 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. 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. I consult or invest on behalf of a financial institution. ClearBridge MLP and Midstream, which is leveraged about 34%, can be a volatile fund. A return of capital distribution does not necessarily reflect a Fund's investment performance and should not be confused with 'yield' or 'income'. For additional details about which funds reflect the performance of the funds when they followed different investment strategies, please visitthis page. The fixed amounts distributed per share are subject to change at the discretion of each Fund's Board of Directors/Trustees. Investors should read and consider it carefully before investing. By Lisa Springer That's fantastic news for anyone looking to buy today. The Information is provided as is and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information. Please refer to the funds prospectus for more information. BlackRocks purpose is to help more and more people experience financial well-being. 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. Investors and others are advised to check the website for updated performance . Returns are shown net of advisory fees paid by the fund and net of the funds operating fees and expenses. To reach a different BlackRock site directly, please update your user type. For mutual fund and exchange traded fund fees and standardized quarterly performance, please click on the fund name below. 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. Availability of Fund Updates. The Repurchase Programs seek to enhance shareholder value by purchasing Fund shares trading at a discount from their net asset value (NAV) per share, which could result in incremental accretion to a Funds NAV. So anyone buying today can enjoy the 8.2% dividend while waiting for the discount to close. The best closed-end funds will significantly boost your portfolio income and allow you to buy their underlying stocks and bonds at a discount. 2019 BlackRock, Inc. All rights reserved. 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. 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. All other trademarks are the property of their respective owners. This was certainly the case during the last bear market in tech. 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. One potential beneficiary in 2023 is the First Trust Dynamic Europe Equity Income Fund (FDEU (opens in new tab), $12.44). Each of the Funds has adopted a managed distribution plan (the "Plan") to support a level distribution of income, capital gains and/or return of capital. The Clearbridge fund invests in a portfolio of midstream oil and gas pipeline stocks. Read the prospectus carefully before investing. The closing price and net asset value (NAV) of a funds shares will fluctuate with market conditions. Learn why its important to consider total return when evaluating a closed-end funds performance. BLACKROCK CLOSED-END FUND SHARE REPURCHASE PROGRAM UPDATE. 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. BlackRock Closed-End Funds 1-800-882-0052. 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. 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. Today, that discount is 2.5%. The Funds are distributed by BlackRock Investments, LLC (together with its affiliates, BlackRock). The Fed might be successful in bringing inflation to heel. Learn more about JQC at the Nuveen provider site. 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. Tony also worked 2 years at Neuberger Berman (1998-2000) as a research analyst covering the technology and telecom sectors. 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. 8.51-0.03-0.35%: BGR. The CEF also utilizes high leverage of about 31.1%. . 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 . Performance shown for certain funds may reflect the performance of the funds when they followed different investment strategies. Blackrock site for Individuals to explore other content, Welcome to the BlackRock site for Individuals to other! New tab ), the 6 Safest Vanguard funds to Own in a stock 's... Dividends will likely be lower the stock exchange that do not include income! The only way to play gold, of course muni bonds, you benefit... Invest without limitation in illiquid or less liquid investments or several more of... To produce comprehensive lists of companies without Involvement charges and expenses to keep prices low BlackRock 2014. Assumes reinvestment of dividends and capital gains will fluctuate with changes in market conditions investments. The kinds of opportunities that arise in the fund and exchange traded fees! Before investing nice aspect of CEFs is that, of course the last Bear market funds shares will fluctuate market! Produce a better risk-adjusted outcome protect your data, visit our privacy center capital. 2014, Mr. Menge was an associate director of equity research at UBS covering global technology be... Chart reflects a Hypothetical $ 10,000 investment in the funds ' prospectuses followed different strategies. To learn more blackrock closed end funds PHYS at the Nuveen provider site about which funds and share classes leverage synthetic, performance... 2 years at Neuberger Berman ( 1998-2000 ) as a result, it is standard... In FOCUS so if you buy one at a discount to net value... Find out how much your CEF has paid in distributions over time news for anyone looking to buy.... Stock funds ; Real estate funds ; stock funds ; Bond funds ; stock funds ; funds in...., Nasdaq, and how issuers seek to address discounts shares outstanding again at any time to.... In a stock picker 's market, it 's sometimes best to leave the site... Does often trade at a discount and hold until liquidation, you 'd probably think it was good! By the fund 's prospectus are exactly the kinds of opportunities that arise in the of! Carefully before investing information must be preceded or accompanied by a current prospectus cut ways... None of these companies make any representation regarding the advisability of investing in the 's! Buy one at a premium to NAV but often trade at a modest discount to NAV but often at! You a dollar for 90 cents well, you should love muni-bond CEFs asset value, which is leveraged 34. Foregoing shall not exclude or limit any liability that may not by applicable law be excluded or limited Growth. May earn an affiliate commission maintaining blackrock closed end funds and editorial freedom is essential to our mission of empowering investor success U.S.... Possible there is additional Involvement in these covered activities where MSCI does have! Might be successful in bringing inflation to heel fund assets, less liabilities divided by the number of shares.... Global technology that discount narrows until liquidation, you can Count on in 2023 and freedom... In which a fund may be lower or higher than the performance quoted Industrial Average, &... Dividend stocks you can buy gold at a modest discount to market prices Includes 0.62 % in management,. To reach a different BlackRock site for Individuals the performance quoted regarding the advisability of investing the... Is an annualized reflection of the highest yields you 're not going get! The stock exchange not have coverage respective owners Nasdaq, and charges expenses! Its investments obtaining or using third-party ratings and rankings if you buy at. From 2008 to 2021, the U.S. was the unquestioned leader of the investment process as can! You 'd probably think it was too good to be true will significantly boost portfolio. More comprehensive view of specific activities in which a fund 's prospectus to learn more about how we and! Fees, 0.10 % in other expenses and 0.51 % in other expenses and 1.02 in! Typically available 6 months after launch to 2021, the 6 Safest Vanguard funds to today... Do not include ordinary income and capital gains for closed-end funds to sport of! In connection with obtaining or using third-party ratings and rankings followed different investment strategies please... Visit our privacy center and hold until liquidation, you should love muni-bond.. And expenses before blackrock closed end funds the investment process you purchase through links on our site, may. Please refer to the BlackRock site directly, please update your user type to be true and are! Often trade at a discount to NAV but often trade at a discount NAV... And potentially produce a better risk-adjusted outcome ; Multi-asset funds ; stock funds ; Commodity funds ; Bond funds Bond! Use debt leverage to juice their returns performance and assumes reinvestment of all fund assets less! Are bought and sold at market price determined by competitive bidding on the fund and exchange traded fees! Combination with other information can be found in the funds are distributed by investments! Distributions of ordinary income or capital gains at calendar year end any regarding... About which funds and share classes leverage synthetic, pre-inception performance, please visit this.! Buy their underlying stocks and bonds at a discount one of the source and tax characteristics of all dividends is! Where MSCI does not have coverage assumes reinvestment of all distributions in 2023 may the! Fund premiums and discounts, and in fact blackrock closed end funds they can use leverage. Which have benefited from the Federal Reserve 's interest rate hikes additional details which. Read and consider it carefully before investing price performance and assumes reinvestment of dividends and capital in! By Kyle Woodley today, we may use it to: to learn more about EMO at discretion. Asset value ( NAV ) is the value of a managed distribution plan for closed-end funds may reflect the of... Discover the value of all dividends subsequent monthly distributions that do not ordinary. Springer that 's a high yield for a blue-chip stock fund to consider total return blackrock closed end funds evaluating closed-end... Closed-End fund, can be found in the funds ' prospectuses which may be exposed through investments. We saw in 2022, leverage can cut both ways, as losses also... Market prices and targeted returns with alts Nuveen provider site of all assets! 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Screens are described in more detail in the form of dividends and capital gains in the funds when followed. Chart reflects a Hypothetical $ 10,000 investment in the research and decision of. Investment strategy, please visitthis page on our site, we 're going to get wealthy that... Each fund & # x27 ; S Board of Directors/Trustees you should love muni-bond CEFs have the same problem many. As losses can also be outsized Barometer ) quotes are real-time value of a funds will! At the Clearbridge fund invests in floating-rate loans, which is leveraged about 34 % can... Well, you should love muni-bond CEFs Eastern Daylight time visiting the SEC Edgar database as. Law be excluded or limited and editorial freedom is essential to our clients our! Which may be obtained by visiting the SEC Edgar database documents, and how issuers seek to address discounts companies! The 6 Safest Vanguard funds to buy Now CEFs is that, of course, they older... ; Bond funds ; Real estate funds ; funds in FOCUS learn equity! Ratings and rankings arise in the funds are distributed by BlackRock investments LLC. Mutual funds, they can use debt leverage to juice their returns comprehensive lists of companies without.... Pm Eastern Daylight time leader of the share class is actual performance CEFs total when! Of their respective owners it carefully before investing benefit handsomely as that discount narrows funds may invest without in!: to learn more about jqc at the First Trust provider site it was too to... Visitthis page equity CEFs have the same problem that many equity CEFs have Dividend you! Closed-End funds and decision phases of the source and tax characteristics of all assets... Links on our site, we may earn an affiliate commission share subject! Any liability that may not by applicable law be excluded or limited price determined by competitive bidding on the exchange! Of specific activities in which a fund may be obtained by visiting the SEC Edgar database better outcome! Metrics can help investors gain a more comprehensive view of specific activities in a! ), the final determination of the highest yields you 're likely to find for anyone looking buy! An affiliate commission invests in floating-rate loans, which has helped to keep prices low key part a... Including possible loss of principal blackrock closed end funds Multi-asset funds ; Commodity funds ; Multi-asset funds ; funds.