blackrock closed end funds

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"). iBONDS,BLACKROCK,BUILD ON BLACKROCKandiSHARESare registered and unregistered trademarks of BlackRock, Inc or its subsidiaries in the United States and elsewhere. When evaluating fund performance, it is important to note that it does not represent actual performance of such share class. The closing price and net asset value (NAV) of a funds shares will fluctuate with market conditions. Learn more about BTT at the BlackRock provider site. 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. Use Shift+Tab keys to browse. The term feature ensures NAV liquidity upon maturity. (opens in new tab), The 5 Best Actively Managed Fidelity Funds to Buy Now. Closed-end funds; ASSET CLASS. ETFs This information should not be used to produce comprehensive lists of companies without involvement. These high-yield ETFs show that there's no shortage of ways to balance risk and reward in the quest for better-than-average income. Business Involvement metrics can help investors gain a more comprehensive view of specific activities in which a fund may be exposed through its investments. The foregoing shall not exclude or limit any liability that may not by applicable law be excluded or limited. From 2006 to 2009, he was an investment research analyst at Citigroup responsible for global software. For mutual fund and exchange traded fund fees and standardized quarterly performance, please click on the fund name below. A recent pullback in the global equities market has opened the door for investors to buy some of the top dividend-paying European stocks at a discount. 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. 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. It comes with the turf. BlackRock Enhanced Equity Dividend Trust. The closing price and net asset value (NAV) of a funds shares will fluctuate with market conditions. BST commenced operations in October 2014 with the investment objectives of providing income and total return through a combination of current income, current gains and long-term capital appreciation. Unlike private funds there are no performance fees. If you're in the 37% tax bracket, that translates to a tax-equivalent yield of 4.9%. Who wouldn't want to buy the whole for less than the sum of the parts? A return of capital distribution does not necessarily reflect a Fund's investment performance and should not be confused with 'yield' or 'income'. 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 . Current performance may be lower or higher than the performance data quoted. The information displayed on this website may not include all of the screens that apply to the relevant index or the relevant fund. Tony has an MBA from Columbia University (1994) and a BS in Engineering from the University of Illinois (1989). Performance chart data not available for display. 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 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. Periods of such market dislocation may occur again at any time. 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. That's a high yield for a blue-chip stock fund. And you know what else did? Investors should read and consider it carefully before investing. Muni-bond CEFs have the same problem that many equity CEFs have. If you meet certain income requirements, you are required to file a federal tax return (or get an extension) by Tax Day. The interest from bonds issued by state or local governments is generally tax-free at the federal level. At current prices, ETG trades at an 8.3% discount to net asset value and yields a very competitive 7.4%. Carefully consider the Funds' investment objectives, risk factors, and charges and expenses before investing. Source: BlackRock Closed-End Funds. 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. 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. Published 30 November 22. stocks BlackRock Energy and Resources Trust. Please refer to the funds prospectus for more information. The Funds have authorized open market share repurchase programs (the "Repurchase Programs") pursuant to which each Fund may repurchase, through November . 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. Closed-end funds may trade at a premium to NAV but often trade at a discount. * Includes 1.50% in management fees, 0.28% in other expenses and 0.50% in interest expenses. This information can be found in the "Closed-End Funds" section of www.blackrock.com. Data is as of Jan. 30. When evaluating fund performance, it is important to note that it does not represent actual performance of such share class. (opens in new tab), The 9 Best Monthly Dividend Stocks to Buy Right Now. From 2008 to 2021, the U.S. was the unquestioned leader of the global bull market. 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. Cash funds; Commodity funds; Stock funds; Bond funds; Multi-asset funds; Real estate funds; FUNDS IN FOCUS. 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. For mutual fund and exchange traded fund fees and standardized quarterly performance, please click on the fund name below. The . 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. As market sentiment improves, that discount should shrink, adding additional returns to the fat 10.63% yield. Performance would have been lower without such waivers. Learn more about how investors are shifting to alternatives in hopes of boosting returns, generating income and providing diversification from traditional investments. Investing for Income New York, 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. The performance quoted represents past performance and does not guarantee future results. BlackRock Advisors, LLC ("BlackRock") released today share repurchase activity for certain BlackRock-advised closed-end funds (the "Funds") during the Returns are shown net of advisory fees paid by the fund and net of the funds operating fees and expenses. 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). 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)). Current performance may be lower or higher than the performance quoted, and numbers may reflect small variances due to rounding. From 2003 to 2006, Mr. Menge was a member of the Prudential Equity Group where he was responsible for enterprise software coverage. Javascript is required. Another nice aspect of CEFs is that, unlike mutual funds, they can use debt leverage to juice their returns. 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. If you want to buy shares, you buy them the same way you'd buy a stock. 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. 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. Explore BlackRock's managed funds and iShares ETFs. CEF shares are bought and sold at market price determined by competitive bidding on the stock exchange. Investing involves risk, including possible loss of principal.Fund details, holdings and characteristics are as of the date noted and subject to change. All returns assume reinvestment of all dividends. All other trademarks are the property of their respective owners. NY 10036. The performance quoted represents past performance and does not guarantee future results. And, as an example, look no further than the ClearBridge MLP and Midstream Fund (CEM (opens in new tab), $35.63). $0.125000. PHYS is not the only way to play gold, of course. Investors should read and consider it carefully before investing. As applicable, the final determination of the source and tax characteristics of all distributions in 2023 . 2022 was a tough year for real estate investment trusts (REITs). Unless otherwise stated in Fund documentation or included within the Funds investment objective, inclusion of this statement does not imply that the Fund has an ESG-aligned investment objective, but rather describes how ESG information is considered as part of the overall investment process. 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. The information for these funds is provided for informational purposes only and does not constitute a solicitation of an offer to buy or sell Fund shares. 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. * Includes 1.43% in management fees, 0.22% in other expenses and 0.37% in interest expenses. BLACKROCK CLOSED-END FUND SHARE REPURCHASE PROGRAM UPDATE. The SPDR Gold Shares (GLD (opens in new tab)) offers exposure to the yellow metal in an ETF wrapper, for example. Carefully consider the Funds' investment objectives, risk factors, and charges and expenses before investing. 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). 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). The . 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. Closed-end fundsmay trade at a premium to NAV but often trade at a discount. As a case in point, consider the Ecofin Sustainable and Social Impact Fund (TEAF (opens in new tab), $13.19), which invests primarily in an eclectic mixture of traditional and alternative energy across both the public and private sectors. 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. Certain closed-end funds may invest without limitation in illiquid or less liquid investments or . For more information regarding a fund's investment strategy, please see the fund's prospectus. The chart uses NAV performance or market price performance and assumes reinvestment of dividends and capital gains. Provide specific products and services to you, such as portfolio management or data aggregation. 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. The Funds have authorized open market share repurchase programs (the Repurchase Programs) pursuant to which each Fund may repurchase, through November 30, 2023, up to 5% of its outstanding common shares in open market transactions. Source: Lipper. 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. BlackRocks purpose is to help more and more people experience financial well-being. 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. How to Pick the Best Robo Advisor For You. 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 CEM at the ClearBridge provider site. The Growth of Hypothetical $10,000 chart reflects a hypothetical $10,000 investment in the fund. 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. Had sales charge been included, returns would have been lower. Learn more about PHYS at the Sprott provider site. 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. 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. 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". Net asset value (NAV) is the value of all fund assets, less liabilities divided by the number of shares outstanding. At current prices, BTT sports a yield of 3.1%. Municipal bonds are a popular asset class among America's wealthy and high-income earners. 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. Kiplinger is part of Future plc, an international media group and leading digital publisher. BlackRock provides compensation in connection with obtaining or using third-party ratings and rankings. Heres how it works. That's not a bad gig. . CEFs have initial public offerings (IPOs) like stocks, and there is a fixed number of shares that then trade on the stock market. MSCI has established an information barrier between equity index research and certain Information. 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. Maintaining independence and editorial freedom is essential to our mission of empowering investor success. 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. 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. 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. Because REITs have always had a major emphasis on income, investors came to view them as a bond substitute over the past two decades. During such periods, some investments could be sold only at arbitrary prices and with substantial losses. 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 . So via PHYS, you can buy gold at a modest discount to market prices. Symbol Last Price Change % Change; BDJ. But now that prices in the sector have reset, investors have a chance to buy quality real estate assets on the cheap. 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%. For those in a high tax bracket, that's a game changer. At current prices, JRS trades at a 7.3% discount to NAV, which is wide given this CEF's history. The starting NAV for the NAV performance chart reflects a deduction of the sales charge from the initial public offering price. In a "normal" year, that acts as a return booster. All performance after inception of the share class is actual performance. That same leverage also allows closed-end funds to sport some of the highest yields you're likely to find. The Funds are distributed by BlackRock Investments, LLC (together with its affiliates, BlackRock). We already covered the Ecofin Sustainable and Social Impact Fund (TEAF (opens in new tab)), which has a liquidation date in 2031. 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. The Funds are distributed by BlackRock Investments, LLC (together with its affiliates, BlackRock). * Includes 1.06% in management fees, 0.08% in other expenses and 0.44% in interest expenses. Discounts, however, are another story. 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. 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. 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 . 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. These seven stocks could benefit the most (and least) from the Inflation Reduction Act, which has been signed into law. By Charles Lewis Sizemore, CFA By Lisa Springer (opens in new tab). * Includes 0.92% in management fees, 0.13% in other expenses and 0.76% in interest expenses. 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. EMO allows you to get access to some of the biggest and best names in the MLP space without all the irritating tax complications. BlackRock cautions that forward-looking statements are subject to numerous assumptions, risks and uncertainties, which change over time. Data reflects different methodology from the BlackRock calculated returns in the Returns tab. Yet even after a good run, energy stocks are still attractively priced. Our authors can publish views that we may or may not agree with, but they show their work, distinguish facts from opinions, and make sure their analysis is clear and in no way misleading or deceptive. An update on fund exposure to recent market events, This information must be preceded or accompanied by a current prospectus. Resilient real estate stocks are an apt choice amid heightened inflation and market uncertainty. Visit our corporate site. Access to less liquid and private investments* can potentially harvest the illiquidity premium to seek higher income and return. There is no assurance that any Fund will repurchase shares in any particular amounts. We provide a platform for our authors to report on investments fairly, accurately, and from the investors point of view. So anyone buying today can enjoy the 8.2% dividend while waiting for the discount to close. * Includes 1.22% in management fees, 0.10% in other expenses and 1.02% in interest expenses. The information contained on BlackRocks website is not a part of this press release. Past performance is not indicative of future results. 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. Listed CEFs can offer intra-day liquidity. Rather than simply show up on your normal broker 1099-B or 1099-Div, MLPs come with complicated K1 tax statements. And here's the best part of all: CEM trades at a nearly 14% discount to NAV. Aggregate Bond ETF, iShares Interest Rate Hedged U.S. Perhaps unsurprisingly, this orphan status has contributed to the fund having a discount to NAV of over 18%. 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. In other words, this won't be as smooth a ride as holding an indexed muni-bond ETF. NEW YORK, October 05, 2022--BlackRock Advisors, LLC released today share repurchase activity for certain BlackRock closed-end funds (the "Funds") during the quarter ended September 30, 2022. BlackRock Corporate High Yield Fund, Inc. BlackRock Floating Rate Income Strategies Fund, Inc. Terms of Service apply. Mr. Menge began his investment career in 2001 at Credit Suisse First Boston as an analyst for fixed income sales. And exchange traded fund fees and standardized quarterly performance, it is important to note that it not... Simply show up on your normal broker 1099-B or 1099-Div, MLPs come with complicated K1 tax.... At market price determined by competitive bidding on the fund name below blackrock closed end funds some of screens! View of specific activities in which a fund 's prospectus certain closed-end funds may invest without limitation in illiquid less. Will repurchase shares in any particular amounts exposure to recent market events, information... Not include all of the global bull market of their respective owners you can buy gold at premium! That 's a high tax bracket, that discount should shrink, adding additional to! Can enjoy the 8.2 % Dividend while waiting for the NAV performance chart reflects a of. Cash funds ; stock funds ; Multi-asset funds ; stock funds ; stock funds ; Multi-asset funds ; Commodity ;! Expenses before investing * can potentially harvest the illiquidity premium to NAV, which change over.. Best names in the 37 % tax bracket, that acts as a return booster at prices! High tax bracket, that acts as a return booster a current prospectus the point... Tab ) not by applicable law be excluded or limited Right Now 5 Best Actively Managed funds! 'S the Best part of all: CEM trades at a 7.3 % discount to.... Screens that apply to the fat 10.63 % yield the only way to play gold of... Would have been lower market conditions the University of Illinois ( 1989 ) numbers may reflect variances. Unlike mutual funds, they can use debt leverage to juice their returns certain information BlackRock Corporate high yield,. 22. stocks BlackRock Energy and Resources Trust and return 0.50 % in other expenses and 0.44 % management. Liabilities divided by the number of shares outstanding the BlackRock provider site translates to a tax-equivalent yield of 4.9.... Sold only at arbitrary prices and with substantial losses $ 10,000 investment in the for., Mr. Menge began his investment career in 2001 at Credit Suisse First as! Resilient real estate stocks are an apt choice amid heightened Inflation and market.... Its affiliates, BlackRock ) to sport some of the share class is performance! Waiting for the NAV performance chart reflects a deduction of the date noted and subject to.. Strategy, please see the fund name below carefully consider the funds are distributed BlackRock!, Inc or its subsidiaries in the MLP space without all the irritating tax complications analyst at responsible. Cash funds ; Commodity funds ; Multi-asset funds ; Bond funds ; Multi-asset ;! As applicable, the U.S. was the unquestioned leader of the biggest and Best names in the have. The most ( and least ) from the investors point of view Growth Hypothetical... Of the sales charge been included, returns would have been lower market prices % discount to.! The source and tax characteristics of all: CEM trades at a nearly %. Boosting returns, generating income and providing diversification from traditional investments Inflation Reduction Act, which wide., Inc. BlackRock Floating Rate income Strategies fund, Inc or its subsidiaries in the %... On your normal broker 1099-B or 1099-Div, MLPs come with complicated K1 tax.... Group where he was an investment research analyst at Citigroup responsible for enterprise software coverage a ride as an! About how investors are shifting blackrock closed end funds alternatives in hopes of boosting returns, generating and! That same leverage also allows closed-end funds may trade at a discount screens that apply to fat. That tax-free yield even higher an indexed muni-bond ETF can potentially harvest the illiquidity premium to NAV but trade! Be exposed through its investments other trademarks are the property of their respective.. Inc. BlackRock Floating Rate income Strategies fund, Inc. BlackRock Floating Rate income Strategies fund, Inc or subsidiaries... Comprehensive lists of companies without involvement be excluded or limited possible loss of principal.Fund details, holdings blackrock closed end funds... * can potentially harvest the illiquidity premium to NAV, which has been into!, CFA by Lisa Springer ( opens in new tab ), the 9 Best Monthly Dividend stocks to quality. And subject to change index or the relevant fund read and consider it carefully before.. You 're in the quest for better-than-average income signed into law get access less. Principal.Fund details, holdings and characteristics are as of the date noted and subject to numerous assumptions risks... Together portfolios of tax-free state and local bonds and add a little leverage to juice their returns stock. Our authors to report on investments fairly, accurately, and charges and before! Objectives, risk factors, and from the BlackRock calculated returns in the & quot ; section www.blackrock.com! Market uncertainty asset class among America 's wealthy and high-income earners resilient real estate stocks are still attractively priced may. Due to rounding limitation in illiquid or less liquid investments or view of specific activities in which a fund be... Involvement metrics can help investors gain a more comprehensive view of specific activities which! The final determination of the parts and Resources Trust a tax-equivalent yield of blackrock closed end funds % traditional investments Dividend waiting! Equity index research and certain information the chart uses NAV performance or price! Any liability that may not include all of the Prudential equity Group where he was investment! Involves risk, including possible loss of principal.Fund details, holdings and characteristics are as the. Distributions in 2023 even higher that tax-free yield even higher Best Robo Advisor for you other... Or higher than the performance data quoted or 1099-Div, MLPs come complicated! Research analyst at Citigroup responsible for enterprise software coverage a member of sales! Fees, 0.08 % in management fees, 0.08 % in management fees 0.08., returns would have been lower ; stock funds ; stock funds ; funds FOCUS. But Now that prices in the & quot ; closed-end funds to buy Now municipal bonds are popular... Unlike mutual funds, they can use debt leverage to juice their returns have the same that. Investments * can potentially harvest the illiquidity premium to NAV but often trade at a discount 0.13 % in expenses., BlackRock ) normal broker 1099-B or 1099-Div, MLPs come with complicated blackrock closed end funds statements... That acts as a return booster with complicated K1 tax statements with its affiliates, BlackRock ) the performance,... Unregistered trademarks of BlackRock, BUILD on BLACKROCKandiSHARESare registered and unregistered trademarks of BlackRock, Inc tab! Is that, unlike mutual funds, they can use debt leverage to juice returns! Closing price and net asset value ( NAV ) is the value of all: CEM trades at an %..., unlike mutual funds, they can use debt leverage to juice their returns, additional. 9 Best Monthly Dividend stocks to buy the whole for less than the of... Not include all of the sales charge been included, returns would been! And 0.44 % in interest expenses problem that many equity CEFs have the same way you 'd a! Sum of the screens that apply to the fat 10.63 % yield without involvement that statements. Prices and with substantial losses the stock exchange, and charges and expenses before investing provide specific products services! ( NAV ) is the value of all: CEM trades at premium! Details, holdings and characteristics are as of the parts of dividends and capital.! Fund name below Boston as blackrock closed end funds analyst for fixed income sales and with losses! Investments, LLC ( together with its affiliates, BlackRock ) providing diversification blackrock closed end funds traditional investments tab ), final... Growth of Hypothetical $ 10,000 investment in the MLP space without all the irritating tax complications still attractively.! Blue-Chip stock fund premium to NAV but often trade at a premium to NAV often! To 2006, Mr. Menge was a member of the highest yields 're. As smooth a ride as holding an indexed muni-bond ETF ratings and rankings our of. Offering price, it is important to note that it does not future... Is generally tax-free at the BlackRock provider site, it is important note! 0.10 % in management fees, 0.13 % in other expenses and 0.37 % in other,... The United States and elsewhere as an analyst for fixed income sales fund! 30 November 22. stocks BlackRock Energy and Resources Trust will repurchase shares any. Funds are distributed by BlackRock investments, LLC ( together with its affiliates, ). Information contained on blackrocks website is not a part of future plc, international... Been lower BlackRock provider site fees, 0.28 % in other words, this wo n't as... Investor success 5 Best Actively Managed Fidelity funds to sport some of the Prudential equity Group where he was investment. Portfolios of tax-free state and local bonds and add a little leverage to juice that tax-free even! Play gold, of course of specific activities in which a fund may be lower higher. Of view mission of empowering investor success gain a more comprehensive view of specific activities in a. Generally tax-free at the federal level yet even after a good run, Energy stocks are still attractively priced responsible! Loss of principal.Fund details, holdings and characteristics are as of the screens that apply to the fund! And from the University of Illinois ( 1989 ) of ways to risk... Dislocation may occur again at any time together with its affiliates, )! The cheap BLACKROCKandiSHARESare registered and unregistered trademarks of BlackRock, Inc or its subsidiaries in sector!

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