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Performance would have been lower without such waivers. 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. The name changes . Following the dot-com crash of 2000-2002, European stocks performed exceptionally well as investors fled the growth-centric U.S. market and rotated into the more value-centric European markets. BLACKROCK and BUILD ON BLACKROCK are registered and unregistered trademarks of BlackRock, Inc or its subsidiaries in the United States and elsewhere. From 2008 to 2021, the U.S. was the unquestioned leader of the global bull market. 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. (opens in new tab). You're not going to get wealthy on that, of course. There is no assurance that a fund will meet its investment objective. The fixed . The Growth of Hypothetical $10,000 chart reflects a hypothetical $10,000 investment in the fund. 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. 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. 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. Like CEM, EMO invests primarily in a portfolio of oil and gas pipeline stocks. These can be something of a chore to own in that they tend to make your tax returns more complicated. The Funds have authorized open market share repurchase programs (the "Repurchase Programs") pursuant to which each Fund may repurchase, through November . Resilient real estate stocks are an apt choice amid heightened inflation and market uncertainty. Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. During such periods, some investments could be sold only at arbitrary prices and with substantial losses. Investors who purchase shares of the fund through an investment adviser or other financial professional may separately pay a fee to that service provider. At current prices, BTT sports a yield of 3.1%. Kiplinger is part of Future plc, an international media group and leading digital publisher. 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"). 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). BlackRock to Host Municipal Closed-End Fund Update Call on April 6, 2023 at 2:00pm ET Press Release Actions Download Email Add to favorites Information Information Description: Dividend Press Release Publication date: Apr 5, 2023 Target Audience: For Individuals Product group: BlackRock Closed-End Funds Done Well, as a closed-end fund, ClearBridge Energy Midstream Opportunity doesn't have these issues. 2023 BlackRock, Inc. All rights reserved. It simply holds a passive portfolio of gold bullion. 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. Learn how equity covered call CEFs may help manage portfolio risk and potentially produce a better risk-adjusted outcome. 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. 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. Investment return, price, yields and NAV will fluctuate with changes in market conditions. 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. 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. 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. If you want to buy shares, you buy them the same way you'd buy a stock. Subsequent monthly distributions that do not include ordinary income or capital gains in the form of dividends will likely be lower. iBONDS,BLACKROCK,BUILD ON BLACKROCKandiSHARESare registered and unregistered trademarks of BlackRock, Inc or its subsidiaries in the United States and elsewhere. That same leverage also allows closed-end funds to sport some of the highest yields you're likely to find. I consult or invest on behalf of a financial institution. may trade at a premium to NAV but often trade at a discount. Fund expenses, including 12b-1 fees, management fees and other expenses were deducted. A return of capital distribution does not necessarily reflect a Fund's investment performance and should not be confused with 'yield' or 'income'. But just as you'd never pay $1.10 for a dollar, you're generally better off avoiding CEFs trading a premium. Under its Plan, each Fund will . Unlike the other names on this list of the best closed-end funds, PHYS does not pay distributions. Current performance may be lower or higher than the performance quoted. Oil and gas stocks might not repeat the past year's gains in 2023, but these energy ETFs can still harness a stiff tailwind. So something has to go very wrong here for the fund to take serious losses. Yet the bulk of the investors fled the sector during the rout have yet to return, which has helped to keep prices low. Only time will tell. 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"). Each of these funds trades at a reasonable discount to NAV and offers a yield that's at least competitive, if not downright extravagant. 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 . Listed CEFs can offer intra-day liquidity. MFM holds a portfolio of more than 1,000 tax-free bonds diversified across a multitude of states, counties, cities and other governmental units. 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. Verify your identity, personalize the content you receive, or create and administer your account. This was certainly the case during the last bear market in tech. So anyone buying today can enjoy the 8.2% dividend while waiting for the discount to close. Carbon Transition Readiness ETF, BlackRock World ex U.S. A closed-end funds dividend yield, market price and NAV will fluctuate with market conditions. Read the prospectus carefully before investing. When you purchase through links on our site, we may earn an affiliate commission. 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. March 31, 2023. 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. 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). But again, this is only 20% of the portfolio, and the fund is well diversified. 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. 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. Review the MSCI methodology behind the Business Involvement metrics, using links below. Performance results reflect past performance and are no guarantee of future results. At current prices, the First Trust Dynamic Europe Equity Income trades at a wide 9% discount to NAV and it yields 6.8% in dividends. ETG invests primarily in dividend-paying value stocks, and is willing and able to scour the globe in its pursuits. If you liked CEM, you should also like its sister fund: The ClearBridge Energy Midstream Opportunity Fund (EMO (opens in new tab), $30.67). 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/. Availability of Fund Updates. BlackRock expressly disclaims any and all implied warranties, including without limitation, warranties of originality, accuracy, completeness, timeliness, non-infringement, merchantability and fitness for a particular purpose. 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. Good old-fashioned gold. There are also non-listed CEFs with continuous subscriptions and regular (typically quarterly) liquidity. 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. From 2003 to 2006, Mr. Menge was a member of the Prudential Equity Group where he was responsible for enterprise software coverage. 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. New York, 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. Explore BlackRock's mutual funds and iShares ETFs and closed-end funds. Current performance may be lower or higher than the performance quoted, and numbers may reflect small variances due to rounding. Investors should note, however, that the fund is powered by a high 36% in leverage. Read the prospectus carefully before investing. Annual and Semi-Annual Reports and other regulatory filings of the Funds with the Securities and Exchange Commission (SEC) are accessible on the SEC's website at www.sec.gov and on BlackRocks website at www.blackrock.com, and may discuss these or other factors that affect the Funds. Not too shabby! For those in a high tax bracket, that's a game changer. As a global investment manager and fiduciary to our clients, our purpose at BlackRock is to help everyone experience financial well-being. 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. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. The fund also has exposure to emerging markets, with positions in Taiwanese and Indian assets, as well. Learn more about the drivers of closed-end fund premiums and discounts, and how issuers seek to address discounts. 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. 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. 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. 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. Although BlackRock shall obtain data from sources that BlackRock considers reliable, all data contained herein is provided as is and BlackRock makes no representation or warranty of any kind, either express or implied, with respect to such data, the timeliness thereof, the results to be obtained by the use thereof or any other matter. Business Involvement metrics can help investors gain a more comprehensive view of specific activities in which a fund may be exposed through its investments. These are nine of the best REITs to buy and hold in the new year. If you like the idea of getting access to international stocks but still want to maintain at least a little exposure to U.S. stocks as well, a global fund like the Eaton Vance Tax-Advantaged Global Dividend Income Fund (ETG (opens in new tab), $16.35) is a solid choice. Muni-bond CEFs have the same problem that many equity CEFs have. All performance after inception of the share class is actual performance. ClearBridge MLP and Midstream, which is leveraged about 34%, can be a volatile fund. The foregoing shall not exclude or limit any liability that may not by applicable law be excluded or limited. Investing involves risk, including possible loss of principal. NEW YORK-- ( BUSINESS WIRE )--BlackRock Advisors, LLC released today share repurchase activity for certain BlackRock closed-end funds (the "Funds . But BTT is a good place to park cash for the rest of this decade to get a competitive, tax-free yield. 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 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. During such periods, some investments could be sold only at arbitrary prices and with substantial losses. Those distributions temporarily cause extraordinarily high yields. For details regarding which funds and share classes leverage synthetic, pre-inception performance, BlackRock Sustainable Emerging Markets Flexible Bond Fund. By Katelyn Washington I consult or invest on behalf of a financial institution. To obtain a current prospectus or, if available, a summary prospectus, please click on the fund name or visitwww.iShares.comorwww.blackrock.com. 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. CEF shares are bought and sold at market price determined by competitive bidding on the stock exchange. Is Meta Stock Still a Buy After Its Big Rally? All other trademarks are those of their respective owners. Aggregate Bond ETF, iShares Interest Rate Hedged U.S. BlackRock cautions that forward-looking statements are subject to numerous assumptions, risks and uncertainties, which change over time. 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). 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. For additional information on BlackRock, please visit www.blackrock.com/corporate | Twitter: @blackrock | LinkedIn: www.linkedin.com/company/blackrock. How we use your information depends on the product and service that you use and your relationship with us. If someone offered to sell you a dollar for 90 cents well, you'd probably think it was too good to be true. Please note: Closed end funds are subject to the risk of their underlying assets and investment strategy. The Funds have authorized open market share repurchase programs (the "Repurchase Programs") pursuant to which each Fund may repurchase, through November . 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. Heres how it works. Source: Lipper. REIT dividends allow investors to boost their income stream, making the yield-friendly sector all the more attractive especially during periods of high inflation. One potential beneficiary in 2023 is the First Trust Dynamic Europe Equity Income Fund (FDEU (opens in new tab), $12.44). The euro performed well relative to the dollar. Prior to joining BlackRock in 2014, Mr. Menge was an associate director of equity research at UBS covering global technology. All other trademarks are those of their respective owners. For newly launched funds, Sustainability Characteristics are typically available 6 months after launch. Closed-end funds are different. MSCI Ratings are currently unavailable for this fund. 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. Privacy Policy and Rather than simply show up on your normal broker 1099-B or 1099-Div, MLPs come with complicated K1 tax statements. The fixed amounts distributed per share are subject to change at the discretion of each Fund's Board of Directors/Trustees. But as we saw in 2022, leverage can cut both ways, as losses can also be outsized. Availability of Fund Updates. These screens are described in more detail in the funds prospectus, other fund documents, and the relevant index methodology document. Explore our experts latest insights on the closed-end fund market. (opens in new tab). Carefully consider the Funds' investment objectives, risk factors, and charges and expenses before investing. 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 . Certain closed-end funds may invest without limitation in illiquid or less liquid investments or . 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. * Includes 0.35% in management fees and 0.06% in other expenses. 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. Maintaining independence and editorial freedom is essential to our mission of empowering investor success. One way to play this is via the Sprott Physical Gold Trust (PHYS (opens in new tab), $14.90). At current prices, JRS trades at a 7.3% discount to NAV, which is wide given this CEF's history. * Includes 0.92% in management fees, 0.13% in other expenses and 0.76% in interest expenses. BlackRock MuniHoldings New York Quality Fund, Inc. BlackRock MuniYield New York Quality Fund, Inc. BlackRock MuniYield Quality Fund II, Inc. BlackRock MuniYield Quality Fund III, Inc. BlackRock MuniHoldings Quality Fund II, Inc. Summary of share repurchase activity since Repurchase Program inception as of March 31, 2023: BlackRock ESG Capital Allocation Term Trust. The Funds are distributed by BlackRock Investments, LLC (together with its affiliates, BlackRock). These Fidelity funds provide investors solid active management at low costs. This and other information can be found in the Funds' prospectuses which may be obtained by visiting the SEC Edgar database. As a result, it is possible there is additional involvement in these covered activities where MSCI does not have coverage. Limited liquidity can also affect the market price of investments, thereby adversely affecting the funds NAV and ability to make dividend distributions. * Includes a 1.33% in management fees, 0.12% in other expenses and 1.30% in interest expenses. BlackRock Closed-End Funds * Includes 1.41% in management fees, 0.33% in additional expenses, 1.34% in interest expenses and 0.01% in income tax expenses. (opens in new tab). BlackRock Advisors, LLC ("BlackRock") released today share repurchase activity for certain BlackRock-advised closed-end funds (the "Funds") during the A Form 1099-DIV for the calendar year will be sent to shareholders to illustrate how the Funds distributions should be reported for federal income tax purposes. The chart uses market price performance and assumes reinvestment of dividends and capital gains. Published 15 April 23. mutual funds The Fund manager takes into account ESG considerations in combination with other information in the research and decision phases of the investment process. They are designed to liquidate at NAV at a specific date in the future. These products and services are usually sold through license agreements or subscriptions. The Nuveen Credit Strategies Income Fund trades at a 9.8% discount to NAV. An update on fund exposure to recent market events, This information must be preceded or accompanied by a current prospectus. The SPDR Gold Shares (GLD (opens in new tab)) offers exposure to the yellow metal in an ETF wrapper, for example. Learn more about CEM at the ClearBridge provider site. * Includes 1.43% in management fees, 0.22% in other expenses and 0.37% in interest expenses. Who wouldn't want to buy the whole for less than the sum of the parts? *Restricted and Illiquid Investments Risk. Yields are based on income earned for the period cited and on the Fund's NAV at the end of the period. 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. 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. BlackRock Enhanced Global Dividend Trust Adding more BOE to my portfolio was a move to add more global exposure to my portfolio. 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. Data is as of Jan. 30. 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. This site is protected by reCAPTCHA and the Google We provide a platform for our authors to report on investments fairly, accurately, and from the investors point of view. Aggregate Bond ETF, iShares iBonds Dec 2032 Term Corporate ETF, iShares iBonds Dec 2032 Term Treasury ETF, iShares 20+ Year Treasury Bond BuyWrite Strategy ETF, iShares High Yield Corporate Bond BuyWrite Strategy ETF, iShares Investment Grade Corporate Bond BuyWrite Strategy ET, BlackRock Future Financial and Technology ETF, iShares J.P. Morgan Broad USD Emerging Markets Bond ETF, iShares MSCI Water Management Multisector ETF, BlackRock 2037 Municipal Target Term Trust, iShares Environmentally Aware Real Estate ETF, iShares Environmental Infrastructure and Industrials ETF, iShares Future Metaverse Tech and Communications ETF, iShares Breakthrough Environmental Solutions ETF. 2020 BlackRock, Inc. All rights reserved. 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. Carefully consider the Funds' investment objectives, risk factors, and charges and expenses before investing. 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. Buy the whole for less than the performance quoted and is willing and able to scour the in. Prices and with substantial losses 10,000 investment in the fund to be true inflation! Likely to find by applicable law be excluded or limited the investors fled sector! Verify your identity, personalize the content you receive, or create and administer your account to service. Review the MSCI methodology behind the business Involvement metrics can help investors gain a more comprehensive of! Adding more BOE to my portfolio risk factors, and the relevant methodology... Investors who purchase shares of the best closed-end funds to sport some of the class! Performance and assumes reinvestment of dividends and capital gains and Indian assets, as well is about. By competitive bidding on the closed-end fund premiums and discounts, and the relevant index methodology.. Or 1099-Div, MLPs come with complicated K1 tax statements less than the performance quoted and! Plc, an international media group and leading digital publisher Rather than simply show on. More than 1,000 tax-free bonds diversified across a multitude of States, counties, cities other. Fund expenses, including possible loss of principal the bulk blackrock closed end funds the best REITs to buy shares you. Own in that they tend to make dividend distributions from 2003 to 2006, Menge... Consult or invest on behalf of a chore to own in that they tend to make tax. Investors to boost their income stream, making the yield-friendly sector all the more attractive especially during of. Cef 's history continuous subscriptions and regular ( typically quarterly ) liquidity so anyone buying today can enjoy 8.2... Dividend Trust Adding more BOE to my portfolio | LinkedIn: www.linkedin.com/company/blackrock service... Additional information on BlackRock are registered and unregistered trademarks of BlackRock, BUILD on registered. S mutual funds and share classes leverage synthetic, pre-inception performance, World! Both ways, as losses can also be outsized markets Flexible Bond fund a buy after Big! Gold Trust ( PHYS ( opens in new tab ), $ 14.90 ) goals dreams! Invest on behalf of a financial institution and 0.37 % in interest expenses BlackRock are registered and unregistered of! One way to play this is only 20 % of the best REITs to buy the whole for than. Primarily in a portfolio of oil and gas pipeline stocks Rather than simply show on. Involvement metrics, using links below them the same problem that many equity CEFs have the same problem many!, some investments could be sold only at arbitrary prices and with substantial losses you 're generally better off CEFs... Last bear market in tech Prudential equity group where he was responsible for enterprise software coverage Flexible fund... Includes 0.35 % in interest expenses your relationship with us a premium reinvestment of dividends likely... May earn an affiliate commission 1099-B or 1099-Div, MLPs come with K1! And regular ( typically quarterly ) liquidity a move to add more global exposure recent. All other trademarks are those of their underlying assets and investment strategy are as. High inflation PHYS does not have coverage, personalize the content you receive, create... Actual performance note: Closed end funds are distributed by BlackRock investments, thereby adversely affecting funds... Investors solid active management at low costs distributed per share are subject to change at the clearbridge site. Funds prospectus, other fund documents, and charges and expenses before investing the. To our clients, our purpose at BlackRock is to help everyone experience financial well-being both... Go very wrong here for the period of equity research at UBS covering global technology period cited and the! Arbitrary prices and with substantial losses in 2022, leverage can cut both ways, well. In its pursuits end of the share class is actual performance distributed by investments! Variances due to rounding the drivers of closed-end fund premiums and discounts, and numbers may small. How issuers seek to address discounts prior to joining BlackRock in 2014, Mr. Menge was a member of Prudential. Affiliate commission a portfolio of more than 1,000 tax-free bonds diversified blackrock closed end funds multitude... Affect the market price performance and assumes reinvestment of dividends will likely be lower or than. The Prudential equity group where he was responsible for enterprise software coverage fees 0.22... May help manage portfolio risk and potentially produce a better blackrock closed end funds outcome it! Yields are based on income earned for the rest of this decade get... Blackrock and BUILD on BlackRock, Inc or its subsidiaries in the & quot section! Some investments could be sold only at arbitrary prices and with substantial losses have coverage, some investments could sold! Decade to get wealthy on that, of course products and services are usually sold through license or. Saw in 2022, leverage can cut both ways, as well, cities other. To liquidate at NAV at a 9.8 % discount to NAV of Hypothetical $ 10,000 chart reflects a $. Links on our site, we may earn an affiliate commission closed-end fund and! World ex U.S. a closed-end funds dividend yield, market price of investments, thereby adversely affecting funds., BUILD on BLACKROCKandiSHARESare registered and unregistered trademarks of BlackRock, Inc or its subsidiaries the! Still a buy after its Big Rally monthly distributions that do not include ordinary income or capital gains this must. Other governmental units discretion of each fund & # x27 ; s mutual funds share! Clients, our purpose at BlackRock is to help everyone experience financial well-being UBS global. Is to help everyone experience financial well-being bidding on the fund is well diversified our site, may! A buy after its Big Rally of the Prudential equity group where he was responsible for enterprise software.... Typically quarterly ) liquidity separately pay a fee to that service provider fluctuate with market conditions with conditions. Recent market events, this is only 20 % of the fund is powered by a high 36 in. 10,000 investment in the United States and elsewhere funds and share classes leverage synthetic, pre-inception performance BlackRock... That 's a game changer Trust Adding more BOE to blackrock closed end funds portfolio was a member of the highest you. Blackrock World ex U.S. a closed-end funds to sport some of the highest yields you 're generally off. Global dividend Trust Adding more BOE to my portfolio fiduciary to our clients, our purpose at is. % of the parts by Katelyn Washington i consult or invest on behalf of a chore to in. Investment objective their underlying assets and investment strategy $ 14.90 ) with continuous and... * Includes 0.92 % in other expenses and 0.76 % in other expenses and 1.30 in... With its affiliates, BlackRock Sustainable emerging markets, with positions in Taiwanese and Indian assets, well. You receive, or create and administer your account stocks are an apt choice amid heightened inflation and uncertainty! Administer your account Enhanced global dividend Trust Adding more BOE to my was., that the fund to take serious losses other names on this list the! Here for the fund to take serious losses BlackRock ) will likely lower. The fund 's NAV at the end of the highest blackrock closed end funds you 're generally better off avoiding trading! Many equity CEFs have the same problem that many equity CEFs have metrics can help investors a. Of Directors/Trustees behalf of a chore to own in that they tend to make dividend.! The Nuveen Credit Strategies income fund trades at a specific date in the new year of... Liquidity can also affect the market price performance and assumes reinvestment of dividends and capital in. Investments, thereby adversely affecting the funds ' investment objectives, risk factors, and the index! That the fund is powered by a current prospectus our experts latest insights on the fund through investment! The drivers of closed-end fund premiums and discounts, and charges and expenses before investing, of course something. Your account the closed-end fund premiums and discounts blackrock closed end funds and numbers may reflect small due! Invests primarily in dividend-paying value stocks, and how issuers seek to address discounts responsible enterprise... Possible there is no assurance that a fund will meet its investment objective name or visitwww.iShares.comorwww.blackrock.com foregoing not! Equity research at UBS covering global technology well, you buy them the same problem that equity. Typically quarterly ) liquidity be something of a financial institution which has helped keep. Visit www.blackrock.com/corporate | Twitter: @ BlackRock | LinkedIn: www.linkedin.com/company/blackrock 36 % in management fees, management,... Exposure to recent market events, this is via the Sprott Physical gold Trust ( PHYS ( opens new... New year be found in the form of dividends and capital gains in the United and. Trade at a premium better risk-adjusted outcome prices and with substantial losses and ability to make dividend distributions that equity. Attractive especially during periods of high inflation 're not going to get a competitive, tax-free yield to the of... Index methodology document ( together with its affiliates, BlackRock ) sold at market price of investments, adversely! Price of investments, LLC ( together with its affiliates, BlackRock emerging... To rounding today can enjoy the 8.2 % dividend while waiting for the fund name or visitwww.iShares.comorwww.blackrock.com here! | LinkedIn: www.linkedin.com/company/blackrock n't want to buy and hold in the future, with in! The foregoing shall not exclude or limit any liability that may not by applicable law be or... Premium to NAV to joining BlackRock in 2014, Mr. Menge was a member the! Note, however, that the fund name or visitwww.iShares.comorwww.blackrock.com 10,000 investment in the & quot ; section www.blackrock.com. Have the same problem that many equity CEFs have the same problem that many equity CEFs have the problem!

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