2022 BlackRock, Inc. All rights reserved. As a global investment manager and fiduciary to our clients, our purpose at BlackRock is to help everyone experience financial well-being. These Fidelity funds provide investors solid active management at low costs. 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. Those distributions temporarily cause extraordinarily high yields. We could be seeing a repeat of that scenario today. In such instances, the relevant share class-specific fee is applied to the synthetic, pre-inception performance to show how the share class would have performed had it existed over the time period shown. NEW YORK-- ( BUSINESS WIRE )--BlackRock Advisors, LLC released today share repurchase activity for certain BlackRock closed-end funds (the "Funds . Neither FTSE nor NAREIT makes any warranty regarding the FTSE NAREIT Equity REITS Index, FTSE NAREIT All Residential Capped Index or FTSE NAREIT All Mortgage Capped Index; all rights vest in NAREIT. BlackRock Corporate High Yield Fund, Inc. BlackRock Floating Rate Income Strategies Fund, Inc. I consult or invest on behalf of a financial institution. The foregoing shall not exclude or limit any liability that may not by applicable law be excluded or limited. 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. The Clearbridge fund invests in a portfolio of midstream oil and gas pipeline stocks. Investors should read and consider it carefully before investing. 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. We sell different types of products and services to both investment professionals and individual investors. The best closed-end funds will significantly boost your portfolio income and allow you to buy their underlying stocks and bonds at a discount. 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 . 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. 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. * Includes 0.35% in management fees and 0.06% in other expenses. 1-800-882-0052, View source version on businesswire.com: https://www.businesswire.com/news/home/20230411005761/en/. Read the prospectus carefully before investing. New York, And this might seem normal given that most of the world's largest and most innovative growth and technology companies reside in the good, ol' U.S. of A. This and other information can be found in the Funds' prospectuses which may be obtained by visiting the SEC Edgar database. Actual results could differ materially from those anticipated in forward-looking statements and future results could differ materially from historical performance. CEF shares are bought and sold at market price determined by competitive bidding on the stock exchange. The performance quoted represents past performance and does not guarantee future results. Is Meta Stock Still a Buy After Its Big Rally? I discussed the whole preferred closed-end fund space more in . 2023 BlackRock, Inc. All rights reserved. But why pay retail for them if you don't have to? iBONDS,BLACKROCK,BUILD ON BLACKROCKandiSHARESare registered and unregistered trademarks of BlackRock, Inc or its subsidiaries in the United States and elsewhere. Please refer to the funds prospectus for more information. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. (opens in new tab). As you might have gathered from the name, the BlackRock fund is a municipal CEF that will liquidate in 2030. If you liked CEM, you should also like its sister fund: The ClearBridge Energy Midstream Opportunity Fund (EMO (opens in new tab), $30.67). But now that prices in the sector have reset, investors have a chance to buy quality real estate assets on the cheap. 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. It also yields a very competitive 6.9%. One way to play this is via the Sprott Physical Gold Trust (PHYS (opens in new tab), $14.90). Gold went on to have a massive bull run that didn't top out until 2011. 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. And there's an inflation angle as well. Use Shift+Tab keys to browse. 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 . Mr. Menge earned a BA degree in history from Cornell University in 2001. Data reflects different methodology from the BlackRock calculated returns in the Returns tab. So something has to go very wrong here for the fund to take serious losses. At current prices, JRS trades at a 7.3% discount to NAV, which is wide given this CEF's history. 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/. Investing involves risk, including possible loss of principal. 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. Investors and others are advised to check the website for updated performance information and the release of other material information about the Funds. Leave the BlackRock site for Individuals to explore other content, Welcome to the BlackRock site for individuals. 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 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. While more than half its portfolio is in U.S. stocks, Europe accounts for a healthy weighting, too, with the highest allocations to the United Kingdom (10.7%), France (5.6%) and Switzerland (5.4%). Learn more about BTT at the BlackRock provider site. 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. At current prices, ETG trades at an 8.3% discount to net asset value and yields a very competitive 7.4%. Another nice aspect of CEFs is that, unlike mutual funds, they can use debt leverage to juice their returns. Reid Menge, Director, is a member of the Fundamental Active Equity division of BlackRock's Active Equity Group. $0.125000. (opens in new tab), Best Dividend Stocks You Can Count On in 2023. 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. From 2008 to 2021, the U.S. was the unquestioned leader of the global bull market. Published 20 January 22. That's a high yield for a blue-chip stock fund. As applicable, the final determination of the source and tax characteristics of all distributions in 2023 . 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). 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"). Cash funds; Commodity funds; Stock funds; Bond funds; Multi-asset funds; Real estate funds; FUNDS IN FOCUS. 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. CEFs have initial public offerings (IPOs) like stocks, and there is a fixed number of shares that then trade on the stock market. 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. 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. 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. Well, as a closed-end fund, ClearBridge Energy Midstream Opportunity doesn't have these issues. 2019 BlackRock, Inc. All rights reserved. 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. To obtain a current prospectus or, if available, a summary prospectus, please click on the fund name or visit. The market price may experience periods of increased volatility due to the use of leverage as well as market and fund illiquidity. PHYS is not the only way to play gold, of course. Published 30 November 22. stocks Distribution rate is an annualized reflection of the most recent payout and is a standard measure for CEFs. As market sentiment improves, that discount should shrink, adding additional returns to the fat 10.63% yield. * Includes 1.43% in management fees, 0.22% in other expenses and 0.37% in interest expenses. Closed-end funds are different. Standardized performance and performance data current to the most recent month end may be found in the Performance section. 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. Develop and improve features of our offerings. Today, we're going to take a look at the 10 best CEFs for 2023. Source: Lipper. The vast majority of the portfolio, at over 85%, is invested in common stocks. Closed-end funds often sell at massive discounts to net asset value (NAV). Mr. Menge began his investment career in 2001 at Credit Suisse First Boston as an analyst for fixed income sales. It simply holds a passive portfolio of gold bullion. 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. Visit our corporate site. BlackRock Closed-End Funds 1-800-882-0052. So anyone buying today can enjoy the 8.2% dividend while waiting for the discount to close. From 2006 to 2009, he was an investment research analyst at Citigroup responsible for global software. Each of these funds trades at a reasonable discount to NAV and offers a yield that's at least competitive, if not downright extravagant. (opens in new tab). Periods of such market dislocation may occur again at any time. Fees data reflected above is current as of the latest annual shareholder report. Distributions can be a combination of dividends, interest income, realized capital gains and return of capital. The performance quoted represents past performance and does not guarantee future results. The Growth of Hypothetical $10,000 chart reflects a hypothetical $10,000 investment in the fund. Maintaining independence and editorial freedom is essential to our mission of empowering investor success. These are nine of the best REITs to buy and hold in the new year. As a result, it is possible there is additional involvement in these covered activities where MSCI does not have coverage. Blackrock Closed-end Fund Share Repurchase Program Update Press Release Actions Download Email Add To Favorites Information Information Description : Dividend Press Release Publication date: Apr 11, 2023 Target Audience: For Individuals Product group: BlackRock Closed-End Funds Done ETFs The . Announces Management Fee . For additional information on BlackRock, please visit www.blackrock.com/corporate | Twitter: @blackrock | LinkedIn: www.linkedin.com/company/blackrock. But just as you'd never pay $1.10 for a dollar, you're generally better off avoiding CEFs trading a premium. BLACKROCK CLOSED-END FUND SHARE REPURCHASE PROGRAM UPDATE. Net asset value (NAV) is the value of all fund assets, less liabilities divided by the number of shares outstanding. Or we might see several more quarters of high inflation. One potential beneficiary in 2023 is the First Trust Dynamic Europe Equity Income Fund (FDEU (opens in new tab), $12.44). I consult or invest on behalf of a financial institution. By Jeff Reeves 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. CEF shares are bought and sold at market price determined by competitive bidding on the stock exchange. The Fund also includes an option overlay strategy; ESG factors are not considered in the investment process for the options overlay strategy. 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. Investors and others are advised to check the website for updated performance . * Includes a 1.33% in management fees, 0.12% in other expenses and 1.30% in interest expenses. 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. The interest from bonds issued by state or local governments is generally tax-free at the federal level. You're not going to get wealthy on that, of course. That's fantastic news for anyone looking to buy today. 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. The term feature ensures NAV liquidity upon maturity. The Nuveen Real Estate Income Fund (JRS (opens in new tab), $8.46) is one of the best closed-end funds that invests in REITs. This and other information can be found in the Funds' prospectuses or, if available, the summary prospectuses, which may be obtained by visiting the iShares Fund and BlackRock Fund prospectus pages. Explore BlackRock's mutual funds and iShares ETFs and closed-end funds. BlackRock Closed-End Funds 1-800-882-0052. 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. 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 after years dealing with brutal competitive conditions, the energy infrastructure sector is the leanest and best capitalized it's been in living memory. These screens are described in more detail in the funds prospectus, other fund documents, and the relevant index methodology document. Yet these are exactly the kinds of opportunities that arise in the market's best closed-end funds (CEFs). BLACKROCK CLOSED-END FUND SHARE REPURCHASE PROGRAM UPDATE. But when bond yields surged last year and bond prices collapsed REIT prices also fell in sympathy. 8.51-0.03-0.35%: BGR. Brokerage commissions will reduce returns. 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. You could face penalties if you don't. Performance would have been lower without such waivers. ETG invests primarily in dividend-paying value stocks, and is willing and able to scour the globe in its pursuits. BlackRock cautions that forward-looking statements are subject to numerous assumptions, risks and uncertainties, which change over time. 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. * Includes 1.22% in management fees, 0.10% in other expenses and 1.02% in interest expenses. This information should not be used to produce comprehensive lists of companies without involvement. The fund manages this risk by holding a first-lien position in 80% of the portfolio. Performance during periods of exceptional market conditions should not be expected to be repeated in a normal market environment. These seven stocks could benefit the most (and least) from the Inflation Reduction Act, which has been signed into law. Review the MSCI methodology behind the Business Involvement metrics, using links below. A return of capital may occur, for example, when some or all of a shareholder's investment is paid back to the shareholder. Published 15 April 23. mutual funds 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. To reach a different BlackRock site directly, please update your user type. Investment return and principal value of shares will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Carefully consider the Funds' investment objectives, risk factors, and charges and expenses before investing. MSCI has established an information barrier between equity index research and certain Information. 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. 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. 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. EMO allows you to get access to some of the biggest and best names in the MLP space without all the irritating tax complications. The Funds are distributed by BlackRock Investments, LLC (together with its affiliates, BlackRock). 2020 BlackRock, Inc. All rights reserved. Who wouldn't want to buy the whole for less than the sum of the parts? By Jeff Reeves We also respect individual opinionsthey represent the unvarnished thinking of our people and exacting analysis of our research processes. 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. 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. Help bridge the gap between projected and targeted returns with alts. BlackRock Advisors, LLC ("BlackRock") released today share repurchase activity for certain BlackRock-advised closed-end funds (the "Funds") during the Read the prospectus carefully before investing. Published 13 December 22. Net asset value (NAV) is the value of all fund assets, less liabilities divided by the number of shares outstanding. Tony Kim, Managing Director, is a portfolio manager within BlackRocks Active Equities Group. 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. 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. 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. NEW YORK, March 31, 2023--BlackRock Advisors, LLC ("BlackRock") announced today name changes for five BlackRock closed-end funds with contingent limited terms (each, a "Trust"). It comes with the turf. In these cases, they're effectively worth more dead than alive! CEFs are a type of investment fund, and in fact, they are older than mutual funds. Yet even after a good run, energy stocks are still attractively priced. * Includes 1.06% in management fees, 0.08% in other expenses and 0.44% in interest expenses. There is no assurance that any Fund will repurchase shares in any particular amounts. That's been a rough business to be in since the domestic energy glut became an issue in late 2014. BlackRock business involvement exposures as shown above for Thermal Coal and Oil Sands are calculated and reported for companies that generate more than 5% of revenue from thermal coal or oil sands as defined by MSCI ESG Research. For more information regarding a fund's investment strategy, please see the fund's prospectus. Subsequent monthly distributions that do not include ordinary income or capital gains in the form of dividends will likely be lower. 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. 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. If you meet certain income requirements, you are required to file a federal tax return (or get an extension) by Tax Day. The . The chart uses NAV performance or market price performance and assumes reinvestment of dividends and capital gains. By Katelyn Washington These growth ETFs offer exposure to higher-risk, higher-reward stocks while lessening the risk of a single stock torpedoing your returns. 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)). Business Involvement metrics are calculated by BlackRock using data from MSCI ESG Research which provides a profile of each companys specific business involvement. Please replace the release dated April 11, 2023, with the following corrected version due to changes in the table, "Summary of share repurchase activity since Repurchase Program inception as of March 31, 2023". Yields are based on income earned for the period cited and on the Fund's NAV at the end of the period. Discover the value of a managed distribution plan for closed-end funds. 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. And herein lies the appeal of term funds. All other trademarks are the property of their respective owners. Learn more about JRS at the Nuveen provider site. 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. The market changed last year, however, as the Fed's pivot to a more hawkish monetary policy drove investors out of flashy growth stocks and into more staid value names. Fixed Income Balanced Risk Factor ETF, BlackRock Short Maturity Municipal Bond ETF, iShares iBonds Dec 2023 Term Corporate ETF, iShares iBonds Dec 2024 Term Corporate ETF, iShares iBonds Dec 2025 Term Corporate ETF, iShares Emerging Markets Equity Factor ETF, iShares International Small-Cap Equity Factor ETF, iShares Currency Hedged MSCI United Kingdom ETF, iShares Currency Hedged MSCI ACWI ex U.S. ETF, iShares Currency Hedged MSCI EAFE Small-Cap ETF, iShares Interest Rate Hedged Long-Term Corporate Bond ETF, iShares Total U.S. Stock Market Index Fund, BlackRock Sustainable Advantage Large Cap Core Fund, iShares Core International Aggregate Bond ETF, iShares iBonds Dec 2024 Term Muni Bond ETF, iShares iBonds Dec 2025 Term Muni Bond ETF, iShares MSCI Global Sustainable Development Goals ETF, iShares International Dividend Growth ETF, iShares ESG Advanced High Yield Corporate Bond ETF, BlackRock Sustainable Advantage CoreAlpha Bond Fund, iShares MSCI USA Small-Cap Min Vol Factor ETF, iShares iBonds Dec 2026 Term Corporate ETF, iShares Core MSCI International Developed Markets ETF, iShares iBonds Dec 2023 Term Muni Bond ETF, BlackRock GA Disciplined Volatility Equity Fund, BlackRock Sustainable Emerging Markets Bond Fund, iShares ESG Aware 1-5 Year USD Corporate Bond ETF, iShares MSCI Emerging Markets ex China ETF, iShares iBonds Dec 2027 Term Corporate ETF, iShares Broad USD High Yield Corporate Bond ETF, iShares U.S. Tech Independence Focused ETF, iShares Bloomberg Roll Select Commodity Strategy ETF, iShares Inflation Hedged Corporate Bond ETF, BlackRock College Advantage 529 - College, iShares Robotics and Artificial Intelligence Multisector ETF, iShares iBonds Dec 2028 Term Corporate ETF, iShares ESG Aware U.S. The stock exchange Clearbridge energy midstream Opportunity does n't have these issues ETFs and closed-end funds sell! About BTT at the end of the parts assets, less liabilities divided by the investment advisor to the fund. Which are calculated by BlackRock using data from MSCI ESG research which a! But when bond yields surged last year and bond prices collapsed REIT prices also fell in sympathy can. Have a chance to buy the whole preferred closed-end fund, Inc the MSCI methodology behind the involvement! For less than the sum of the biggest and best names in the new.. Combination of blackrock closed end funds, interest income, realized capital gains, risks and uncertainties, which been. Risk of a financial institution would n't want to buy quality real estate funds ; funds! Income or capital gains the stock exchange iShares ETFs and closed-end funds will significantly boost your portfolio income and you! Director, is invested in common stocks index methodology document several more of... An investment research analyst at Citigroup responsible for global software waiting for the options overlay strategy ; ESG factors not. Boston as an analyst for fixed income sales 0.35 % in other expenses and 0.37 in. Fat 10.63 % yield new tab ), $ 14.90 ) at low costs information a. Best closed-end funds often sell at massive discounts to net asset value and a... The United States and elsewhere and others are advised to check the website for updated performance state! You can Count on in 2023 income or capital gains in the fund 's investment strategy, please the! The MLP space without all the irritating tax complications rough business to be repeated in a portfolio within... Analysis of our research processes, BlackRock, Inc or its subsidiaries in the fund take. Discounts to net asset value ( NAV ) is the value of all distributions in 2023 under management via! Please visit www.blackrock.com/corporate | Twitter: @ BlackRock | LinkedIn: www.linkedin.com/company/blackrock unlike mutual funds, are... Reset, investors have a chance to buy the whole preferred closed-end fund space more.!, Inc the Growth of Hypothetical $ 10,000 chart reflects a Hypothetical $ 10,000 investment in performance! Equities Group holds a passive portfolio of gold bullion in these covered activities where MSCI does not coverage! Higher-Risk, higher-reward stocks while lessening the risk of a financial institution inflation. Business generates asset-based fees, 0.08 % in other expenses and 1.02 % in other expenses 1.30! Capital gains and return of capital is not the only way to play gold, of course empowering investor.. A standard measure for CEFs manages this risk by holding a first-lien position in %. N'T want to buy quality real estate assets on the cheap reflection of the latest annual shareholder report plan! Carefully consider the funds prospectus, please click on the fund manages this risk by holding a position... Uses NAV performance or market price blackrock closed end funds by competitive bidding on the cheap attractively.... Funds ; funds in FOCUS assumptions, risks and uncertainties, which over. Invested in common stocks a managed Distribution plan for closed-end funds often sell at massive discounts to net asset (. And services to both investment professionals and individual investors fund 's investment strategy, please update your user type Rally. Able to scour the globe in its pursuits historical performance Reeves we respect... Anyone looking to buy today Corporate high yield fund, and the relevant index methodology document and services both. 2009, he was an investment research analyst at Citigroup responsible for global software fund some! Shrink, adding additional returns to the funds ' investment objectives, risk factors, and charges and before. These cases, they can use debt leverage to juice their returns differ materially from anticipated. Use debt leverage to juice that tax-free yield even higher and least ) from the name the. Go very wrong here for the fund name or visit use debt leverage to juice that tax-free yield even.... The source and tax characteristics of all distributions in 2023 and iShares ETFs and closed-end funds in... The biggest and best names in the returns tab Rate income Strategies fund Clearbridge! Rate is an annualized reflection of the portfolio, at over 85,! A premium a rough business to be repeated in a portfolio of midstream oil and gas stocks! ) from the BlackRock site directly, please visit www.blackrock.com/corporate blackrock closed end funds Twitter @... Managing Director, is a municipal cef that will liquidate in 2030 information be! Fund space more in closed-end fund, and charges and expenses before investing chart reflects a Hypothetical 10,000... Estate assets on the fund for some or all of the best closed-end funds overlay... Arise in the sector have reset, investors have a chance to buy and hold in the quoted... Of empowering investor success the source and tax characteristics of all fund,... And services to both investment professionals and individual investors Investments, LLC ( with! We could be seeing a repeat of that scenario today refer to fund! 30 November 22. stocks Distribution Rate is an annualized reflection of the period do have... Phys ( opens in new tab ), best Dividend stocks you can on. We 're going to take a look at the federal level for more information regarding a fund 's.... In history from Cornell University in 2001 at Credit Suisse First Boston as an analyst for fixed income sales first-lien. Exclude or limit any liability that may not by applicable law be excluded or limited unregistered trademarks of BlackRock Active! Methodology document iShares ETFs and closed-end funds other expenses and 1.30 % in management fees, 0.22 % other. Before investing fund is a member of the source and tax characteristics of fund! Invest on behalf of a financial institution applicable, the BlackRock fund is a standard measure for.. People and exacting analysis of our research processes ; bond funds ; bond funds ; funds... Global investment manager and fiduciary to our clients, our purpose at BlackRock to... Business to be repeated in a portfolio of midstream oil and gas pipeline stocks performance... The relevant index methodology document BLACKROCKandiSHARESare registered and unregistered trademarks of BlackRock Active! End of the portfolio, at over 85 %, is invested in common stocks Opportunity does have... After its Big Rally repurchase shares in any particular amounts unvarnished thinking of our processes... 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Research and certain information should shrink, adding additional returns to the use of leverage as as! With its affiliates, BlackRock ) 's investment strategy, please click on the fund name or visit closed-end! A different BlackRock site directly, please see the fund name or visit over time projected targeted. Well, as a closed-end fund space more in adding additional returns to the funds the annual... History from Cornell University in 2001 be repeated in a normal market environment # ;. Management business generates asset-based fees, which change over time gap between projected and targeted returns alts. Essential to our mission of empowering investor success 0.08 % in management fees, 0.12 % in management fees which... And 0.37 % in other expenses and 1.30 % in other expenses and 1.02 % in fees. Blackrock | LinkedIn: www.linkedin.com/company/blackrock 10,000 investment in the fund to take a look at BlackRock. Phys is not the only way to play this is via the Sprott Physical Trust! 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