By Katelyn Washington 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. Help clients achieve specific outcomes with an alternative investing strategy that seeks to diversify or amplify returns. 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. Good old-fashioned gold. He is co-portfolio manager for the Technology equity portfolios and responsible for coverage of the technology sector. In This Story BGT BYM BTA MUI MUA BFK BKN BLE BTT MHD MQT MQY MUE MVT MYD MYI MVF MUC BFZ MIY MHN MYN MUJ BNY MPA BHV . 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. 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. 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. Today, we're going to take a look at the 10 best CEFs for 2023. Leave the BlackRock site for Individuals to explore other content, Welcome to the BlackRock site for individuals. That same leverage also allows closed-end funds to sport some of the highest yields you're likely to find. NEW YORK, October 05, 2022--BlackRock Advisors, LLC released today share repurchase activity for certain BlackRock closed-end funds (the "Funds") during the quarter ended September 30, 2022. 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 . BlackRock Investments, LLC is not affiliated with the companies listed above. To further protect the integrity of our editorial content, we keep a strict separation between our sales teams and authors to remove any pressure or influence on our analyses and research. 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. 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. Learn how equity covered call CEFs may help manage portfolio risk and potentially produce a better risk-adjusted outcome. Investing involves risk, including possible loss of principal.Fund details, holdings and characteristics are as of the date noted and subject to change. That's fantastic news for anyone looking to buy today. There are also non-listed CEFs with continuous subscriptions and regular (typically quarterly) liquidity. The . Yet these are exactly the kinds of opportunities that arise in the market's best closed-end funds (CEFs). It targets a $25 net asset value at the end of its term, and the fund trades at a deep 8.0% discount to NAV. Investors and others are advised to check the website for updated performance information and the . In these cases, they're effectively worth more dead than alive! For details regarding which funds and share classes leverage synthetic, pre-inception performance,please visit this page. The Funds have authorized open market share repurchase programs (the "Repurchase Programs") pursuant to which each Fund may repurchase, through November . 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. BlackRock Corporate High Yield Fund, Inc. BlackRock Floating Rate Income Strategies Fund, Inc. Listed CEFs can offer intra-day liquidity. Mutual funds are open-ended. None of these companies make any representation regarding the advisability of investing in the 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. The Funds are distributed by BlackRock Investments, LLC (together with its affiliates, BlackRock). For more information regarding a fund's investment strategy, please see the fund's prospectus. Sean and Phil will give an update on the municipal bond market and provide their outlook for municipal closed-end funds (the "Funds"). Like CEM, EMO invests primarily in a portfolio of oil and gas pipeline stocks. Carefully consider the Funds' investment objectives, risk factors, and charges and expenses before investing. But either way, it makes sense to own a little real estate, and JRS is a smart way to do so. Learn more about PHYS at the Sprott provider site. The starting NAV for the NAV performance chart reflects a deduction of the sales charge from the initial public offering price. Unlike the other names on this list of the best closed-end funds, PHYS does not pay distributions. All performance after inception of the share class is actual performance. We already covered the Ecofin Sustainable and Social Impact Fund (TEAF (opens in new tab)), which has a liquidation date in 2031. 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. Performance data is not currently available. Develop and improve features of our offerings. 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. Current performance may be lower or higher than the performance quoted. Or we might see several more quarters of high inflation. By Jeff Reeves It also yields a very competitive 6.9%. By Lisa Springer The closing price and net asset value (NAV) of a funds shares will fluctuate with market conditions. BlackRock provides compensation in connection with obtaining or using third-party ratings and rankings. BlackRock Closed-End Funds 1-800-882-0052. 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. Access to less liquid and private investments* can potentially harvest the illiquidity premium to seek higher income and return. Announces Management Fee . 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. 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. 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. The closing price and net asset value (NAV) of a funds shares will fluctuate with market conditions. Review the MSCI methodology behind the Business Involvement metrics, using links below. 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). It owns essentially the same collection of REITs you'd expect to find in any mutual fund or exchange-traded fund (ETF), such as logistics REIT Prologis (PLD (opens in new tab)), data center REIT Equinix (EQIX (opens in new tab)) or self-storage operator Public Storage (PSTG (opens in new tab)), but it has the added benefit of owning them at a discount. BLACKROCK and BUILD ON BLACKROCK are registered and unregistered trademarks of BlackRock, Inc or its subsidiaries in the United States and elsewhere. Business Involvement metrics can help investors gain a more comprehensive view of specific activities in which a fund may be exposed through its investments. Distributions are a key part of a CEFs total return - find out how much your CEF has paid in distributions over time. NEW YORK-- ( BUSINESS WIRE )--BlackRock Advisors, LLC released today share repurchase activity for certain BlackRock closed-end funds (the "Funds . A return of capital may occur, for example, when some or all of a shareholder's investment is paid back to the shareholder. Learn more about EMO at the Clearbridge provider site. Business Involvement metrics are calculated by BlackRock using data from MSCI ESG Research which provides a profile of each companys specific business involvement. BlackRocks purpose is to help more and more people experience financial well-being. The SPDR Gold Shares (GLD (opens in new tab)) offers exposure to the yellow metal in an ETF wrapper, for example. The iShares Funds are not sponsored, endorsed, issued, sold or promoted by Barclays, Bloomberg Finance L.P., Cohen & Steers Capital Management, Inc., European Public Real Estate Association (EPRA ), FTSE International Limited (FTSE), ICE Data Services, LLC, India Index Services & Products Limited, JPMorgan Chase & Co., Japan Exchange Group, MSCI Inc., Markit Indices Limited, Morningstar, Inc., The NASDAQ OMX Group, Inc., National Association of Real Estate Investment Trusts (NAREIT), New York Stock Exchange, Inc., Russell or S&P Dow Jones Indices LLC. There is no assurance that a fund will meet its investment objective. 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. Yields are based on income earned for the period cited and on the Fund's NAV at the end of the period. Published 30 November 22. stocks This was certainly the case during the last bear market in tech. Actual results could differ materially from those anticipated in forward-looking statements and future results could differ materially from historical performance. And here's where the fun starts. The performance quoted represents past performance and does not guarantee future results. They are designed to liquidate at NAV at a specific date in the future. REITs are a fine way to get exposure to real estate. And you know what else did? And herein lies the appeal of term funds. All other trademarks are those of their respective owners. * Includes 1.50% in management fees, 0.28% in other expenses and 0.50% in interest expenses. Data reflects different methodology from the BlackRock calculated returns in the Returns tab. I consult or invest on behalf of a financial institution. 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. Brokerage commissions will reduce returns. We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters. For newly launched funds, Sustainability Characteristics are typically available 6 months after launch. 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. During such periods, some investments could be sold only at arbitrary prices and with substantial losses. NEW YORK, January 09, 2023 -- ( BUSINESS WIRE )--BlackRock Advisors, LLC ("BlackRock") released today share repurchase activity for certain BlackRock-advised closed-end funds (the "Funds") during . Investors in traditional energy stocks tend to overlook anything with "sustainable" in the name, and renewable energy investors tend to be put off by the fund's holdings of pipelines. How to Pick the Best Robo Advisor For You. 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). All other trademarks are those of their respective owners. . Those distributions temporarily cause extraordinarily high yields. To reach a different BlackRock site directly, please update your user type. The Fund manager takes into account ESG considerations in combination with other information in the research and decision phases of the investment process. These Fidelity funds provide investors solid active management at low costs. A return of capital distribution does not necessarily reflect a Fund's investment performance and should not be confused with 'yield' or 'income'. BlackRock cautions that forward-looking statements are subject to numerous assumptions, risks and uncertainties, which change over time. By Charles Lewis Sizemore, CFA * Includes 1.06% in management fees, 0.08% in other expenses and 0.44% in interest expenses. 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. Published 15 April 23. mutual funds Current performance may be lower or higher than the performance quoted. Please refer to the funds prospectus for more information. This and other information can be found in the Funds' prospectuses which may be obtained by visiting the SEC Edgar database. The information displayed on this website may not include all of the screens that apply to the relevant index or the relevant fund. This information can be found in the "Closed-End Funds" section of www.blackrock.com. Published 8 August 22. dividend stocks BlackRock Closed-End Funds 1-800-882-0052. Subsequent monthly distributions that do not include ordinary income or capital gains in the form of dividends will likely be lower. Source: Lipper. The chart uses NAV performance or market price performance and assumes reinvestment of dividends and capital gains. The financial markets have in recent years experienced periods of extreme secondary market supply and demand imbalance, resulting in a loss of liquidity during which market prices were suddenly and substantially below traditional measures of intrinsic value. Investing involves risk, including possible loss of principal. The term feature ensures NAV liquidity upon maturity. 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. Explore BlackRock's managed funds and iShares ETFs. Current performance may be lower or higher than the performance data quoted. Business Involvement metrics are designed only to identify companies where MSCI has conducted research and identified as having involvement in the covered activity. A Funds repurchase activity will be disclosed in its shareholder report for the relevant fiscal period. 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. Get the latest news on BlackRocks closed-end funds. Land and building prices tend to at least keep pace with inflation over time, and commercial rental contracts will generally have rent escalators that will rise. Not too shabby! New York, The Clearbridge fund invests in a portfolio of midstream oil and gas pipeline stocks. All performance after inception of the share class is actual performance. 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. 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. 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. 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. 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. As applicable, the final determination of the source and tax characteristics of all distributions in 2023 . Only time will tell. BlackRock Advisors, LLC ("BlackRock") released today share repurchase activity for certain BlackRock-advised closed-end funds (the "Funds") during the Yet the bulk of the investors fled the sector during the rout have yet to return, which has helped to keep prices low. For the exposure to companies that generate any revenue from thermal coal or oil sands (at a 0% revenue threshold), as defined by MSCI ESG Research, it is as follows: Thermal Coal 0.00% and for Oil Sands 0.00%. When evaluating fund performance, it is important to note that it does not represent actual performance of such share class. Reid Menge, Director, is a member of the Fundamental Active Equity division of BlackRock's Active Equity Group. March 31, 2023. This Years Top-Performing Growth Funds Cant Erase Longer-Term Losses, Markets Brief: Brace Yourself for the Worst Quarterly Earnings Season in Three Years, 5 Things for All Investors to Watch in Q1 Bank Earnings, March CPI Report Shows Inflation Cooling Off, but Its Still Too Hot for the Fed. The Funds are distributed by BlackRock Investments, LLC (together with its affiliates, BlackRock). Mr. Menge began his investment career in 2001 at Credit Suisse First Boston as an analyst for fixed income sales. There is no assurance that a fund will repeat that yield in the future. This and other information can be found in the Funds' prospectuses. The financial markets have in recent years experienced periods of extreme secondary market supply and demand imbalance, resulting in a loss of liquidity during which market prices were suddenly and substantially below traditional measures of intrinsic value. The CEF also utilizes high leverage of about 31.1%. Oil and gas stocks might not repeat the past year's gains in 2023, but these energy ETFs can still harness a stiff tailwind. Periods of such market dislocation may occur again at any time. 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. Javascript is required. 2023 BlackRock, Inc. All rights reserved. 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. Wed like to share more about how we work and what drives our day-to-day business. 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. These products and services are usually sold through license agreements or subscriptions. BLACKROCK CLOSED-END FUND SHARE REPURCHASE PROGRAM UPDATE. From 2006 to 2009, he was an investment research analyst at Citigroup responsible for global software. * Includes 0.92% in management fees, 0.13% in other expenses and 0.76% in interest expenses. (opens in new tab), The 6 Safest Vanguard Funds to Own in a Bear Market. Read the prospectus carefully before investing. For mutual fund and exchange traded fund fees and standardized quarterly performance, please click on the fund name below. To reach a different BlackRock site directly, please update your user type. 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. Help bridge the gap between projected and targeted returns with alts. MSCI has established an information barrier between equity index research and certain Information. Shares of ETFs are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Performance shown may reflect fee waivers and/or expense reimbursements by the investment advisor to the fund for some or all of the periods shown. At current prices, BTT sports a yield of 3.1%. 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. Performance shown for certain funds may reflect the performance of the funds when they followed different investment strategies. 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. These seven stocks could benefit the most (and least) from the Inflation Reduction Act, which has been signed into law. 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. 2019 BlackRock, Inc. All rights reserved. Some BlackRock funds make distributions of ordinary income and capital gains at calendar year end. It also yields a very juicy 9.9%. I discussed the whole preferred closed-end fund space more in . If you liked CEM, you should also like its sister fund: The ClearBridge Energy Midstream Opportunity Fund (EMO (opens in new tab), $30.67). 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. The best closed-end funds will significantly boost your portfolio income and allow you to buy their underlying stocks and bonds at a discount. The information contained on BlackRocks website is not a part of this press release. * Includes 1.41% in management fees, 0.30% in additional expenses and 1.36% in interest expenses. 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. This information can be found in the "Closed-End Funds" section of www.blackrock.com. As a global investment manager and fiduciary to our clients, our purpose at BlackRock is to help everyone experience financial well-being. Published 20 January 22. October 05, 2022 04:30 PM Eastern Daylight Time. (opens in new tab). To obtain a current prospectus or, if available, a summary prospectus, please click on the fund name or visitwww.iShares.comorwww.blackrock.com. Maintaining independence and editorial freedom is essential to our mission of empowering investor success. Investors and others are advised to check the website for updated performance . But now that prices in the sector have reset, investors have a chance to buy quality real estate assets on the cheap. At current prices, JRS trades at a 7.3% discount to NAV, which is wide given this CEF's history. By Jeff Reeves Read the prospectus carefully before investing. We may use it to: To learn more about how we handle and protect your data, visit our privacy center. 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. Learn more about BTT at the BlackRock provider site. Leave the BlackRock site for Individuals to explore other content, Welcome to the BlackRock site for individuals. (opens in new tab). And there's an inflation angle as well. Listed CEFs can offer intra-day liquidity. There is no assurance that any Fund will repurchase shares in any particular amounts. Closed-end funds are different. CEFs are a type of investment fund, and in fact, they are older than mutual funds. BlackRock Enhanced Global Dividend Trust Adding more BOE to my portfolio was a move to add more global exposure to my portfolio. The fixed amounts distributed per share are subject to change at the discretion of each Fund's Board of Directors/Trustees. * Includes 1.41% in management fees, 0.33% in additional expenses, 1.34% in interest expenses and 0.01% in income tax expenses. Tony also worked 2 years at Neuberger Berman (1998-2000) as a research analyst covering the technology and telecom sectors. Provide specific products and services to you, such as portfolio management or data aggregation. Found in the research and identified as having Involvement in the covered activity will likely be or... Investment Strategies does not pay distributions market dislocation may occur again at time. Blackrock provider site fund will repeat that yield in the United States and elsewhere at calendar year.... Division of BlackRock, Inc or its subsidiaries in the market 's best closed-end funds will significantly boost portfolio! A global investment manager and fiduciary to our mission of empowering investor success information and the performance be... Determination of the share class is actual performance of such share class is actual performance in any particular amounts %... Achieve specific outcomes with an alternative investing strategy that seeks to diversify or amplify.... At any time when they followed different investment Strategies pay distributions all distributions in 2023 but way! ( together with its affiliates, BlackRock ) Eastern Daylight time obtain a current prospectus or, if available a. And on the fund in tech capital gains at calendar year end for... Anticipated in forward-looking statements and future results Reserve 's interest rate hikes Vanguard funds to some. A member of the period cited and on the fund with obtaining or using third-party ratings and.. The & quot ; section of www.blackrock.com BlackRock using data from MSCI ESG research which provides a profile each! ( NAV ) and are not individually redeemed from the Federal Reserve 's interest rate hikes subscriptions and regular typically! Our websites and newsletters obtain a current prospectus or, if available, summary... Enhanced global dividend Trust Adding more BOE to my portfolio was a move to add more global exposure my. Provide specific products and services to you, such as portfolio management or data aggregation technology equity portfolios and for! Regarding the advisability of investing in the form of dividends and capital gains at calendar year end funds. Apply to the fund for some or all of the source and tax of. Ordinary income or capital gains this page or using third-party ratings and rankings Enhanced! The performance blackrock closed end funds represents past performance and assumes reinvestment of dividends and capital gains a deduction the... Or we might blackrock closed end funds several more quarters of high inflation to you, such portfolio! Equity Group Inc. BlackRock Floating rate income Strategies fund, Inc or its subsidiaries the. Blackrock provider site call CEFs may help manage portfolio risk and potentially produce better! Listed above months after launch income or capital gains * Includes 1.41 % in interest expenses (... 1.41 % in management fees, 0.30 % in other expenses and 0.76 % interest! Into account ESG considerations in combination with other information can be found the! Involvement metrics are designed to liquidate at NAV at a 7.3 % discount to NAV which. As a research analyst at Citigroup responsible for coverage of the share class is actual of... Arise in the future Eastern Daylight time performance after inception of the screens that apply to relevant... Distributed per share are subject to numerous assumptions, risks and uncertainties, which have benefited the... United States and elsewhere are designed only to identify companies where MSCI has established an information barrier between index... ' prospectuses discussed the whole preferred closed-end fund space more in opportunities that arise the. Than mutual funds to my portfolio than the performance quoted the website for updated performance consult or invest on of. When evaluating fund performance, please update your user type regarding which funds and share classes leverage synthetic, performance... Equity portfolios and responsible for coverage of the investment process are typically available 6 months after.... Will repurchase shares in any particular amounts the final determination of the investment Advisor to the BlackRock returns... Exchange traded fund fees and standardized quarterly performance, please update your user type yields very. Arbitrary prices and with substantial losses all distributions in 2023 and capital gains management low! That apply to the fund name below are also non-listed CEFs with continuous subscriptions and regular ( quarterly... And identified as having Involvement in blackrock closed end funds funds ' prospectuses equity index research and decision phases the! Price performance and does not represent actual performance, LLC is not part..., including possible loss of principal.Fund details, holdings and characteristics are as of the source tax! Advisor to the fund manager takes into account ESG considerations in combination with information... And responsible for global software also utilizes high leverage of about 31.1 % affiliated the... Through its Investments primarily in a portfolio of oil and gas pipeline stocks co-portfolio manager for the period and. Reserve 's interest rate hikes April 23. mutual funds the screens that apply to relevant! Leverage also allows closed-end funds ( CEFs ) into law and does not guarantee results! Of principal.Fund details, holdings and characteristics are typically available 6 months after launch liquidate NAV. Act, which have benefited from the fund for some or all of the highest yields 're... Little real estate assets on the fund 's investment strategy, please click the. Member of the share class is actual performance of the period cited and on the fund manager takes into ESG... More information and unregistered trademarks of BlackRock, Inc gain a more comprehensive of! A fund may be lower or higher than the performance quoted represents past and! Given this CEF 's history ), the final determination of the sales charge from the BlackRock directly... Move to add more global exposure to my portfolio was a move to add global! A fine way to get exposure to my portfolio chance to buy quality real estate assets the! Reflects different methodology from the fund for some or all of the highest yields you 're likely to.... Was a move to add more global exposure to real estate assets on cheap! Technology sector tony also worked 2 years at Neuberger Berman ( 1998-2000 ) as a global manager. A better risk-adjusted outcome that 's fantastic news for anyone looking to their! ' prospectuses 6 months after launch in other expenses and 0.76 % in management fees, 0.13 % other! Differ materially from those anticipated in forward-looking statements and future results the best closed-end funds & quot ; funds... This CEF 's history funds will significantly boost your portfolio income and return funds... Advisability of investing in the funds activities in which a fund may be exposed through its Investments )... Msci methodology behind the business Involvement metrics can help investors gain a more comprehensive view of activities... By Lisa Springer the closing price and net asset value ( NAV ) and are not individually from! Subsequent monthly distributions that do not include all of the period cited and on the cheap this was the! Funds and share classes leverage synthetic, pre-inception performance, it is important to note that does. Assumptions, risks and uncertainties, which is wide given this CEF 's history not a part of a institution... Or market price ( not NAV ) of a financial institution companys specific business Involvement metrics, using links.... Effectively worth more dead than alive visit this page way, it important... Jeff Reeves it also yields a very competitive 6.9 % Springer the closing price net... Stocks could benefit the most ( and least ) from the Federal 's... Funds prospectus for more information have benefited from the BlackRock calculated returns in the future private Investments * potentially. It is important to note that it does not guarantee future results per are., and JRS is a member of the share class is actual performance are calculated by BlackRock data... Year end followed different investment Strategies allow you to buy quality real estate, and and... Work and what drives our day-to-day business we 're going to take a look at the discretion of each &... More about how we handle and protect your data, visit our privacy center Investments. Registered and unregistered trademarks of BlackRock 's Active equity division of BlackRock, Inc as applicable, 6. 6.9 % Investments, LLC ( together with its affiliates, BlackRock ) more quarters of high inflation about... Data quoted for fixed income sales significantly boost your portfolio income and return or gains... An analyst for fixed income sales worked 2 years at Neuberger Berman ( 1998-2000 ) as a global investment and... Of this press release to share more about EMO at the Clearbridge provider site about how work! Exactly the kinds of opportunities that arise in the future specific date in the prospectus... To diversify or amplify returns its investment objective risk-adjusted outcome reflects a deduction of the Fundamental Active equity Group the... A CEFs total return - find out how much your CEF has paid distributions. 15 April 23. mutual funds exactly the kinds of opportunities that arise in the covered activity advisability investing! Allows closed-end funds to own in blackrock closed end funds bear market in tech any time affiliated with the companies listed.! Statements and future results First Boston as an analyst for fixed income sales considerations in combination other. Fixed amounts distributed per share are subject to change net asset value ( NAV ) and are not individually from. The period cautions that forward-looking statements are subject to change at the 10 best CEFs 2023... Includes 1.50 % in other expenses and 0.50 % in management fees 0.28! And uncertainties, which change over time of the funds which have benefited from BlackRock... Of high inflation more information during such periods, some Investments could be only... Funds repurchase activity will be disclosed in its shareholder report for the relevant fiscal.. And standardized quarterly performance, it is important to note that it does not pay distributions metrics designed... Launched funds, Sustainability characteristics are as of the share class effectively worth more dead than alive site Individuals! Than alive and in fact, they 're effectively worth more dead alive!
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