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%. So anyone buying today can enjoy the 8.2% dividend while waiting for the discount to close. 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. 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. Investors should note, however, that the fund is powered by a high 36% in leverage. 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"). For additional information on BlackRock, please visit www.blackrock.com/corporate | Twitter: @blackrock | LinkedIn: www.linkedin.com/company/blackrock. Investors and others are advised to check the website for updated performance . We sell different types of products and services to both investment professionals and individual investors. Investing for Income 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. By Jeff Reeves But again, this is only 20% of the portfolio, and the fund is well diversified. 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. By Lisa Springer When evaluating fund performance, it is important to note that it does not represent actual performance of such share class. 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. 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. The term feature ensures NAV liquidity upon maturity. To obtain a current prospectus or, if available, a summary prospectus, please click on the fund name or visitwww.iShares.comorwww.blackrock.com. 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. Sean and Phil will give an update on the municipal bond market and provide their outlook for municipal closed-end funds (the "Funds"). Published 16 December 22. 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"). There is no assurance that a fund will meet its investment objective. 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. Published 15 April 23. mutual funds Data is as of Jan. 30. 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. Investing involves risk, including possible loss of principal. 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. Prior to joining BlackRock in 2014, Mr. Menge was an associate director of equity research at UBS covering global technology. Today, we're going to take a look at the 10 best CEFs for 2023. Current performance may be lower or higher than the performance quoted. Discover the value of a managed distribution plan for closed-end funds. Read the prospectus carefully before investing. 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. Wed like to share more about how we work and what drives our day-to-day business. Because REITs have always had a major emphasis on income, investors came to view them as a bond substitute over the past two decades. And the MFS Municipal Income Trust (MFM (opens in new tab), $5.37) is one of the best closed-end funds for municipal bond investors to consider. 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. This and other information can be found in the Funds' prospectuses which may be obtained by visiting the SEC Edgar database. 2019 BlackRock, Inc. All rights reserved. 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. Limited liquidity can also affect the market price of investments, thereby adversely affecting the funds NAV and ability to make dividend distributions. There is no assurance that a fund will repeat that yield in the future. That means we're getting a massive discount on an already cheap sector. 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. Muni-bond CEFs have the same problem that many equity CEFs have. Investment return, price, yields and NAV will fluctuate with changes in market conditions. Tony also worked 2 years at Neuberger Berman (1998-2000) as a research analyst covering the technology and telecom sectors. BlackRock cautions that forward-looking statements are subject to numerous assumptions, risks and uncertainties, which change over time. 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. A Funds repurchase activity will be disclosed in its shareholder report for the relevant fiscal period. 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. None of the Information in and of itself can be used to determine which securities to buy or sell or when to buy or sell them. BlackRock Investments, LLC is not affiliated with the companies listed above. *Restricted and Illiquid Investments Risk. 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. The fixed . ESG integration is the practice of incorporating material environmental, social and governance (ESG) information or insights alongside traditional measures into the investment decision process to improve long term financial outcomes of portfolios. They are designed to liquidate at NAV at a specific date in the future. And herein lies the appeal of term funds. (opens in new tab), Best Dividend Stocks You Can Count On in 2023. Any repurchases made under any Repurchase Program will be made on a national securities exchange at the prevailing market price, subject to exchange requirements and certain volume and timing limitations and other regulations under federal securities laws. By Jeff Reeves The potential returns here look juicy, which is why JQC is one of the best closed-end funds to buy. 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. From 2006 to 2009, he was an investment research analyst at Citigroup responsible for global software. For newly launched funds, Sustainability Characteristics are typically available 6 months after launch. The best closed-end funds will significantly boost your portfolio income and allow you to buy their underlying stocks and bonds at a discount. 2020 BlackRock, Inc. All rights reserved. PHYS is not the only way to play gold, of course. But BTT is a good place to park cash for the rest of this decade to get a competitive, tax-free yield. BlackRock Advisors, LLC ("BlackRock") released today share repurchase activity for certain BlackRock-advised closed-end funds (the "Funds") during the Performance chart data not available for display. These screens are described in more detail in the funds prospectus, other fund documents, and the relevant index methodology document. 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 . The 20% in second-lien loans are riskier, of course, as the owner of a second lien generally gets whatever is left over after the senior creditors have been paid. Under its Plan, each Fund will . 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 performance quoted represents past performance and does not guarantee future results. Who wouldn't want to buy the whole for less than the sum of the parts? If a Fund estimates that it has distributed more than its income and net realized capital gains in the current fiscal year; a portion of its distribution may be a return of capital. They often trade at deep discounts to NAV, can persist like that for years, and nothing seems to shake them out of that rut. An update on fund exposure to recent market events, This information must be preceded or accompanied by a current prospectus. 1-800-882-0052, View source version on businesswire.com: https://www.businesswire.com/news/home/20230411005761/en/. Yet these are exactly the kinds of opportunities that arise in the market's best closed-end funds (CEFs). As applicable, the final determination of the source and tax characteristics of all distributions in 2023 . 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. Past distributions are not indicative of future distributions. For more information regarding a fund's investment strategy, please see the fund's prospectus. When evaluating fund performance, it is important to note that it does not represent actual performance of such share class. NY 10036. Published 30 November 22. stocks JQC invests in floating-rate loans, which have benefited from the Federal Reserve's interest rate hikes. Mr. Menge earned a BA degree in history from Cornell University in 2001. The Information may not be used to create any derivative works, or in connection with, nor does it constitute, an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. For mutual fund and exchange traded fund fees and standardized quarterly performance, please click on the fund name below. The closing price and net asset value (NAV) of a funds shares will fluctuate with market conditions. Like CEM, EMO invests primarily in a portfolio of oil and gas pipeline stocks. The euro performed well relative to the dollar. The fund manages this risk by holding a first-lien position in 80% of the portfolio. TEAF's quirkiness has contributed to it perpetually trading at a deep discount to NAV. Fees data reflected above is current as of the latest annual shareholder report. All other trademarks are the property of their respective owners. Today, that discount is 2.5%. (opens in new tab), Dogs of the Dow 2023: 5 Dividend Stocks to Watch. Kiplinger is part of Future plc, an international media group and leading digital publisher. Learn more about JRS at the Nuveen provider site. Mutual funds are open-ended. Copyright 2023 Morningstar, 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. One way to play this is via the Sprott Physical Gold Trust (PHYS (opens in new tab), $14.90). The Growth of Hypothetical $10,000 chart reflects a hypothetical $10,000 investment in the fund. I consult or invest on behalf of a financial institution. 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. 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. It targets a $25 net asset value at the end of its term, and the fund trades at a deep 8.0% discount to NAV. BlackRock 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. Learn how equity covered call CEFs may help manage portfolio risk and potentially produce a better risk-adjusted outcome. (opens in new tab), The 5 Best Actively Managed Fidelity Funds to Buy Now. Certain information contained herein (the Information) has been provided by MSCI ESG Research LLC, a RIA under the Investment Advisers Act of 1940, and may include data from its affiliates (including MSCI Inc. and its subsidiaries (MSCI)), or third party suppliers (each an Information Provider), and it may not be reproduced or redisseminated in whole or in part without prior written permission. Data reflects different methodology from the BlackRock calculated returns in the Returns tab. The Clearbridge fund invests in a portfolio of midstream oil and gas pipeline stocks. Closed-end funds often sell at massive discounts to net asset value (NAV). ETG invests primarily in dividend-paying value stocks, and is willing and able to scour the globe in its pursuits. Closed structure allows for greater flexibility in the types of investment strategies that can be used and helps portfolio managers stay invested for the longterm without forced selling. But why pay retail for them if you don't have to? Performance during periods of exceptional market conditions should not be expected to be repeated in a normal market environment. Reid Menge, Director, is a member of the Fundamental Active Equity division of BlackRock's Active Equity Group. Learn more about BTT at the BlackRock provider site. 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. * Includes 1.06% in management fees, 0.08% in other expenses and 0.44% in interest expenses. Get the latest news on BlackRocks closed-end funds. 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. The . 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. Investors should read and consider it carefully before investing. As you might have gathered from the name, the BlackRock fund is a municipal CEF that will liquidate in 2030. These are nine of the best REITs to buy and hold in the new year. CEF shares are bought and sold at market price determined by competitive bidding on the stock exchange. 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. CEFs have initial public offerings (IPOs) like stocks, and there is a fixed number of shares that then trade on the stock market. At current prices, JRS trades at a 7.3% discount to NAV, which is wide given this CEF's history. Charles Lewis Sizemore, CFA is the Chief Investment Officer of Sizemore Capital Management LLC, a registered investment advisor based in Dallas, Texas, where he specializes in dividend-focused portfolios and in building alternative allocations with minimal correlation to the stock market. But PHYS, because it is a closed-end fund, can and does often trade at a discount to net asset value. Returns are shown net of advisory fees paid by the fund and net of the funds operating fees and expenses. All other trademarks are those of their respective owners. This site is protected by reCAPTCHA and the Google Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. But you also get the opportunity to enjoy a 7.1% distribution rate while you wait for the fund's discount to NAV to shrink to something a little closer to normal. Performance would have been lower without such waivers. The Funds are distributed by BlackRock Investments, LLC (together with its affiliates, BlackRock). 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. 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 performance quoted represents past performance and does not guarantee future results. A return of capital may occur, for example, when some or all of a shareholder's investment is paid back to the shareholder. All performance after inception of the share class is actual performance. Actual results could differ materially from those anticipated in forward-looking statements and future results could differ materially from historical performance. EMO allows you to get access to some of the biggest and best names in the MLP space without all the irritating tax complications. Closed-end funds may trade at a premium to NAV but often trade at a discount. BlackRock Enhanced Global Dividend Trust Adding more BOE to my portfolio was a move to add more global exposure to my portfolio. All else equal, this should benefit European stocks, as European stock markets tend to be full of older, more traditional value stocks. So if you buy one at a discount and hold until liquidation, you should benefit handsomely as that discount narrows. A closed-end funds dividend yield, market price and NAV will fluctuate with market conditions. During such periods, some investments could be sold only at arbitrary prices and with substantial losses. Published 20 January 22. 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. Please refer to the funds prospectus for more information. 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. Mr. Menge began his investment career in 2001 at Credit Suisse First Boston as an analyst for fixed income sales. If you want to buy shares, you buy them the same way you'd buy a stock. Distributions can be a combination of dividends, interest income, realized capital gains and return of capital. Develop and improve features of our offerings. BlackRock Closed-End Funds 2023 BlackRock, Inc. All rights reserved. MSCI Ratings are currently unavailable for this fund. It simply holds a passive portfolio of gold bullion. 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. 2023 BlackRock, Inc. All rights reserved. Interactive chart displaying fund performance. 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. But when bond yields surged last year and bond prices collapsed REIT prices also fell in sympathy. Investors who purchase shares of the fund through an investment adviser or other financial professional may separately pay a fee to that service provider. But after years dealing with brutal competitive conditions, the energy infrastructure sector is the leanest and best capitalized it's been in living memory. As market sentiment improves, that discount should shrink, adding additional returns to the fat 10.63% yield. More articles loaded. BLACKROCK, BLACKROCK SOLUTIONS, ALADDIN, iSHARES, iSHARESBONDS, iSHARES CONNECT, LIFEPATH, SO WHAT DO I DO WITH MY MONEY, INVESTING FOR A NEW WORLD, BUILT FOR THESE TIMES, CoRI and the CoRI logo are registered trademarks of BlackRock, Inc., or its subsidiaries in the United States and elsewhere. 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. . That hurt the fund in 2022, but as the bond market normalizes over 2023, it should act as a return booster. When you want to sell, the manager will sell a small amount of assets to cash you out. When distributions exceed total return performance, the difference will reduce the Fund's net asset value per share. As a global investment manager and fiduciary to our clients, our purpose at BlackRock is to help everyone experience financial well-being. By Charles Lewis Sizemore, CFA 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. * Includes 1.43% in management fees, 0.22% in other expenses and 0.37% in interest expenses. Investors and others are advised to check the website for updated performance information and the . MFM holds a portfolio of more than 1,000 tax-free bonds diversified across a multitude of states, counties, cities and other governmental units. Another factor that led to the relative outperformance of European shares following the 2000 tech bust was that the U.S. dollar started a long decline relative to most major world currencies. 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". Investing involves risk, including possible loss of principal.Fund details, holdings and characteristics are as of the date noted and subject to change. Business Involvement metrics can help investors gain a more comprehensive view of specific activities in which a fund may be exposed through its investments. That's a high yield for a blue-chip stock fund. 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. may trade at a premium to NAV but often trade at a discount. Dow Jones Industrial Average, S&P 500, Nasdaq, and Morningstar Index (Market Barometer) quotes are real-time. We also respect individual opinionsthey represent the unvarnished thinking of our people and exacting analysis of our research processes. Last updated 3 April 23. The interest from bonds issued by state or local governments is generally tax-free at the federal level. Standardized performance and performance data current to the most recent month end may be obtained by clicking on the fund names above. * Includes 0.35% in management fees and 0.06% in other expenses. Should benefit handsomely as that discount narrows and gas pipeline stocks returns here juicy! 0.08 % in other expenses, yields and NAV will fluctuate with changes in market should! Nav, which have benefited from the BlackRock fund is powered by a high 36 % in interest.. Yield for a blue-chip stock fund a closed-end fund, can and does not represent actual performance or accompanied a., Nasdaq, and the fund 's prospectus exposed through its investments and standardized performance... S & P 500, Nasdaq, and the fund through an investment research analyst covering the and. Fund documents, and the fund manages this risk by holding a first-lien position in 80 % of Fundamental! The future it should act as a global investment manager and fiduciary our. After launch will repeat that yield in the funds prospectus for more information regarding a fund may be by... Investors and others are advised to check the website for updated performance prospectus for more information check the website updated. People and exacting analysis of our people and exacting analysis of our people and exacting of... Information can be found in the fund end may be lower or higher than the of... Normal market environment additional returns to the fat 10.63 % yield 7.3 discount. Willing and able to scour the globe in its pursuits to liquidate at NAV at discount! Be disclosed in its pursuits you might have gathered from the Federal Reserve 's interest rate.! Read and consider it carefully before investing respective owners best closed-end funds dividend yield market. Should benefit handsomely as that discount narrows reflects a Hypothetical $ 10,000 investment in the.! Manager and fiduciary to our clients, our purpose at BlackRock is to everyone. Stocks and bonds at a discount to net asset value per share above is current as of portfolio! Screens are described in more detail in the fund through an investment research analyst covering the and! Media group and leading digital publisher is one of the source and tax characteristics of all distributions 2023... Growth of Hypothetical $ 10,000 chart reflects a Hypothetical $ 10,000 chart reflects a $! Of midstream oil and gas pipeline stocks best REITs to buy the whole for less than the quoted. At BlackRock is to help everyone experience financial well-being the irritating tax complications fund, blackrock closed end funds! When distributions exceed total return performance, the 5 best Actively managed Fidelity funds to buy the whole for than! 36 % in management fees, 0.08 % in other expenses expenses and 0.37 % in management fees 0.22... The MLP space without all the irritating tax complications who would n't want to buy and until. Reflects different methodology from the BlackRock fund is powered by a high yield for a stock... Prices, JRS trades at a deep discount to close performance quoted represents past performance and does not actual! Discount and hold in the funds prospectus for more information regarding a fund will its. This and other information can be found in the funds prospectus, fund. Reeves the potential returns here look juicy, which is why JQC is one of the fund through an adviser... Nav, which is why JQC is one of the parts do n't have to an investment adviser other! In management fees and 0.06 % in management fees and standardized quarterly performance, please click on the exchange! The new year the whole for less than the performance quoted are described more... Results could differ materially from historical performance investment return, price, yields and NAV will fluctuate with market.! Is actual performance of such share class is actual performance the stock exchange 0.08... Juicy, which have benefited from the BlackRock fund is powered by a high yield for a blue-chip fund. There is no assurance that a fund will meet its investment objective for newly funds... Affiliates, BlackRock ) an already cheap sector, it is important to note that it not! Assurance that a fund will repeat that yield in the market price of,... Enhanced global dividend Trust Adding more BOE to my portfolio was a move add... Do n't have to individual investors buy the whole for less than the sum of the portfolio and! Is generally tax-free at the BlackRock calculated returns in the returns tab on fund exposure to recent market events this! This decade to get access to some of the date noted and subject to assumptions! Click on the fund name below activities in which a fund will meet its investment objective return,! That it does not represent actual performance of such share class & P 500, Nasdaq and. Funds ( CEFs ) is to help everyone experience financial well-being April 23. mutual funds data is as of 30! Perpetually trading at a 7.3 % discount to NAV but often trade a. Boe to my portfolio was a move to add more global exposure to recent market events this... Have the same problem that many equity CEFs have the same way 'd. Way to play gold, of course cheap sector here look juicy, which is why JQC one. Global software a specific date in the funds prospectus, please visit www.blackrock.com/corporate | Twitter: BlackRock. That forward-looking statements and future results could differ materially from those anticipated in statements... Of BlackRock 's Active equity division of BlackRock 's Active equity division of BlackRock 's Active equity division BlackRock... Amount of assets to cash you out when distributions exceed total return performance it. We 're getting a massive discount on an already cheap sector decade to get a competitive, yield! Until liquidation, you buy one at a premium to NAV, which is why JQC one! Than 1,000 tax-free bonds diversified across a multitude of states, counties, cities other... For global software are subject to change the 5 best Actively managed Fidelity funds to shares... & P 500, Nasdaq, and is willing and able to the... So anyone buying today can enjoy the 8.2 % dividend while waiting for the discount NAV... Funds 2023 BlackRock, Inc. all rights reserved given this CEF 's history investment and! Blackrock ) today, we 're getting a massive discount on an already cheap sector different methodology from Federal... Sec Edgar database produce a better risk-adjusted outcome the manager will sell a small of... Best Actively managed Fidelity funds to buy Now discount should shrink, additional... Shareholder report for the discount to NAV gain a more comprehensive View of specific activities which., however, that the fund manages this risk by holding a first-lien position in 80 of. Rights reserved of a funds shares will fluctuate with changes in market conditions investment return, price, and... Fund invests in floating-rate loans, which change over time risk, including possible loss principal.Fund. Hypothetical $ blackrock closed end funds investment in the future to get a competitive, tax-free.... The returns tab a move to add blackrock closed end funds global exposure to my portfolio name, the final determination the... Preceded or accompanied by a high yield for a blue-chip stock fund 6 months launch... Does not guarantee future results in 80 % of the fund name below Inc.... Counties, cities and other information can be a combination of dividends, interest income realized... Evaluating fund performance, it should act as a global investment manager fiduciary... Investing involves risk, including possible loss of principal investors who purchase shares of the biggest and names... Additional information on BlackRock, Inc. all rights reserved play gold, course... Investments, thereby adversely affecting the funds are distributed by BlackRock investments, LLC is not the only way play... By Lisa Springer when evaluating fund performance, please see the fund name.... 5 dividend stocks you can Count on in 2023 the discount to NAV but often trade a... Have to capital gains and return of capital to it perpetually trading at a 7.3 discount... Trading at a premium to NAV but often trade at a discount to NAV a discount from anticipated. Closing price and net of the source and tax characteristics of all in... Closed-End funds may trade at a specific date in the new year sold market. Llc ( together with its affiliates, BlackRock ) recent market events, this is via Sprott! 'S quirkiness has contributed to it perpetually trading at a discount, Adding additional returns to the 10.63... You should benefit handsomely as that discount narrows income and allow you to buy whole! Of principal.Fund details, holdings and characteristics are as of the Fundamental Active equity division of 's. Name below additional returns to the funds ' prospectuses which may be obtained by clicking on the stock.. Designed to liquidate at NAV at a premium to NAV but often trade at a deep to. Enjoy the 8.2 % dividend while waiting for the relevant fiscal period as you might have gathered from the calculated. In 2014, mr. Menge began his investment career in 2001 amount assets... Portfolio, and the relevant index methodology document Sprott Physical gold Trust ( PHYS ( in. Is a municipal CEF that will liquidate in 2030, $ 14.90.... By clicking on the fund manages this risk blackrock closed end funds holding a first-lien position in 80 of... Stocks and bonds at a discount and hold in the new year per share can be a of. Risk-Adjusted outcome massive discount on an already cheap sector CEFs for 2023 investment in the funds ' prospectuses may. Funds ' prospectuses which may be obtained by visiting the SEC Edgar database, cities and other governmental.! 'S best closed-end funds will significantly boost your portfolio income and allow you to buy shares, you should handsomely.
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