blackrock closed end fundsblackrock closed end funds

Listed CEFs can offer intra-day liquidity. 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. (opens in new tab). 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. That's not a bad gig. NY 10036. The performance quoted represents past performance and does not guarantee future results. 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. CEF shares are bought and sold at market price determined by competitive bidding on the stock exchange. By Lisa Springer 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. Listed CEFs can offer intra-day liquidity. 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. And here's the best part of all: CEM trades at a nearly 14% discount to NAV. ClearBridge MLP and Midstream, which is leveraged about 34%, can be a volatile fund. 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. Who wouldn't want to buy the whole for less than the sum of the parts? Terms of Service apply. Returns are shown net of advisory fees paid by the fund and net of the funds operating fees and expenses. A return of capital distribution does not necessarily reflect a Fund's investment performance and should not be confused with 'yield' or 'income'. Data reflects different methodology from the BlackRock calculated returns in the Returns tab. 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. 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%). Published 30 November 22. stocks All other trademarks are those of their respective owners. CEF prices are set by the market the same way a share of Apple (AAPL (opens in new tab)) or Amazon.com (AMZN (opens in new tab)) would be, but that price can vary wildly from the value of the assets the fund holds. Use Shift+Tab keys to browse. This site is protected by reCAPTCHA and the Google By Lisa Springer 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. 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 Forward-looking statements are typically identified by words or phrases such as trend, potential, opportunity, pipeline, believe, comfortable, expect, anticipate, current, intention, estimate, position, assume, outlook, continue, remain, maintain, sustain, seek, achieve, and similar expressions, or future or conditional verbs such as will, would, should, could, may or similar expressions. 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. One potential beneficiary in 2023 is the First Trust Dynamic Europe Equity Income Fund (FDEU (opens in new tab), $12.44). 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. 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). You're not going to get wealthy on that, of course. 2022 BlackRock, Inc. All rights reserved. Volatility Doesnt Have to Spell Retirement Planning Trouble, Who is Required to File a Tax Return, and Who Isn't, The Best REIT Stocks to Buy Now (or Hold), Biden's Inflation Reduction Act: Investing Winners and Losers, 12 REITs Flaunting Fast-Growing Dividends, The 10 Best European Stocks for 2022 and Beyond. Interactive chart displaying fund performance. 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. 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. The Clearbridge fund invests in a portfolio of midstream oil and gas pipeline stocks. The problem, of course, is that cheap CEFs can stay cheap forever in the absence of a catalyst to close the discount to NAV. That hurt the fund in 2022, but as the bond market normalizes over 2023, it should act as a return booster. Net asset value (NAV) is the value of all fund assets, less liabilities divided by the number of shares outstanding. NEW YORK-- ( BUSINESS WIRE )--BlackRock Advisors, LLC released today share repurchase activity for certain BlackRock closed-end funds (the "Funds . Investors and others are advised to check the website for updated performance . CEFs are a type of investment fund, and in fact, they are older than mutual funds. As market sentiment improves, that discount should shrink, adding additional returns to the fat 10.63% yield. 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. As applicable, the final determination of the source and tax characteristics of all distributions in 2023 . Investors should read and consider it carefully before investing. Aggregate Bond ETF, iShares Interest Rate Hedged U.S. BlackRock Enhanced Global Dividend Trust Adding more BOE to my portfolio was a move to add more global exposure to my portfolio. Inflation, rising rates and market gyrations can actually make this a good time to clarify your vision for the future and ensure your portfolio matches those goals and protects against risk. * Includes 0.92% in management fees, 0.13% in other expenses and 0.76% in interest expenses. 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. To obtain a current prospectus or, if available, a summary prospectus, please click on the fund name or visitwww.iShares.comorwww.blackrock.com. * Includes 1.41% in management fees, 0.30% in additional expenses and 1.36% in interest expenses. These seven stocks could benefit the most (and least) from the Inflation Reduction Act, which has been signed into law. Learn more about CEM at the ClearBridge provider site. Because REITs have always had a major emphasis on income, investors came to view them as a bond substitute over the past two decades. Discover the value of a managed distribution plan for closed-end funds. And herein lies the appeal of term funds. If you're in the 37% tax bracket, that translates to a tax-equivalent yield of 4.9%. As with their mutual fund cousins, CEFs are pooled investment vehicles that hold portfolios of stocks, bonds or other assets. (opens in new tab), Dogs of the Dow 2023: 5 Dividend Stocks to Watch. If you liked CEM, you should also like its sister fund: The ClearBridge Energy Midstream Opportunity Fund (EMO (opens in new tab), $30.67). As a global investment manager and fiduciary to our clients, our purpose at BlackRock is to help everyone experience financial well-being. Get the latest news on BlackRocks closed-end funds. Since 1999, we've been a leading provider of financial technology, and our clients turn to us for the solutions they need when planning for their most important goals. BLACKROCK CLOSED-END FUND SHARE REPURCHASE PROGRAM UPDATE. The . And there's an inflation angle as well. REIT dividends allow investors to boost their income stream, making the yield-friendly sector all the more attractive especially during periods of high inflation. Shares of ETFs are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. The screening applied by the fund's index provider may include revenue thresholds set by the index provider. 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. Reid Menge, Director, is a member of the Fundamental Active Equity division of BlackRock's Active Equity Group. The Fund manager conducts regular portfolio reviews between with the Risk and Quantitative Analysis group and the Chief Investment Officers, which may include discussion of material ESG risks, as well as exposure to sustainability-related business involvements, climate-related metrics, and other factors. We already covered the Ecofin Sustainable and Social Impact Fund (TEAF (opens in new tab)), which has a liquidation date in 2031. Current performance may be lower or higher than the performance quoted. 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. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. This and other information can be found in the Funds' prospectuses which may be obtained by visiting the SEC Edgar database. The discount to NAV is one of the most appealing aspects of closed-end funds. MSCI Ratings are currently unavailable for this fund. So something has to go very wrong here for the fund to take serious losses. 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". Learn more about ETG at the Eaton Vance provider site. The performance quoted represents past performance and does not guarantee future results. 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. The interest from bonds issued by state or local governments is generally tax-free at the federal level. At current prices, BTT sports a yield of 3.1%. Mr. Kim manages the BlackRock Technology Active Equity strategy and is head of the technology equity team. For newly launched funds, Sustainability Characteristics are typically available 6 months after launch. Performance shown may reflect fee waivers and/or expense reimbursements by the investment advisor to the fund for some or all of the periods shown. (opens in new tab). Investment return, price, yields and NAV will fluctuate with changes in market conditions. 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. From 2008 to 2021, the U.S. was the unquestioned leader of the global bull market. It also yields a very competitive 6.9%. CORRECTING and REPLACING BlackRock Closed-End Fund Share Repurchase Program Update. When evaluating fund performance, it is important to note that it does not represent actual performance of such share class. BlackRock Closed-End Funds 1-800-882-0052. But here's the fun part and what makes TEAF one of the best closed-end funds to own: The CEF is designed to liquidate in 2031. We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters. Is Meta Stock Still a Buy After Its Big Rally? 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. In these cases, they're effectively worth more dead than alive! Neither FTSE nor NAREIT makes any warranty regarding the FTSE NAREIT Equity REITS Index, FTSE NAREIT All Residential Capped Index or FTSE NAREIT All Mortgage Capped Index; all rights vest in NAREIT. 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. 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. 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%. Periods of such market dislocation may occur again at any time. Provide specific products and services to you, such as portfolio management or data aggregation. 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. The chart assumes Fund expenses, including management fees and other expenses were deducted. That same leverage also allows closed-end funds to sport some of the highest yields you're likely to find. Brokerage commissions will reduce returns. Learn more about BTT at the BlackRock provider site. Rather than simply show up on your normal broker 1099-B or 1099-Div, MLPs come with complicated K1 tax statements. Land and building prices tend to at least keep pace with inflation over time, and commercial rental contracts will generally have rent escalators that will rise. Learn more about how investors are shifting to alternatives in hopes of boosting returns, generating income and providing diversification from traditional investments. During such periods, some investments could be sold only at arbitrary prices and with substantial losses. The Fed might be successful in bringing inflation to heel. 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. 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. FDEU owns a diversified portfolio of European blue chips and counts Nestle (NSRGY (opens in new tab)), Shell (SHEL (opens in new tab)) and Novartis (NVS (opens in new tab)) among its largest holdings. The Information has not been submitted to, nor received approval from, the US SEC or any other regulatory body. Performance shown for certain funds may reflect the performance of the funds when they followed different investment strategies. ETFs We also respect individual opinionsthey represent the unvarnished thinking of our people and exacting analysis of our research processes. Business Involvement metrics can help investors gain a more comprehensive view of specific activities in which a fund may be exposed through its investments. A Funds repurchase activity will be disclosed in its shareholder report for the relevant fiscal period. 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. Carbon Transition Readiness ETF, BlackRock World ex U.S. BlackRock Investments, LLC is not affiliated with the companies listed above. 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. 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. One way to play this is via the Sprott Physical Gold Trust (PHYS (opens in new tab), $14.90). 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. (opens in new tab). Performance chart data not available for display. Published 15 April 23. mutual funds From 2003 to 2006, Mr. Menge was a member of the Prudential Equity Group where he was responsible for enterprise software coverage. That's a high yield for a blue-chip stock fund. It also yields a very juicy 9.9%. Standardized performance and performance data current to the most recent month end may be obtained by clicking on the fund names above. The closing price and net asset value (NAV) of a funds shares will fluctuate with market conditions. Municipal bonds are a popular asset class among America's wealthy and high-income earners. The euro performed well relative to the dollar. The Fund manager takes into account ESG considerations in combination with other information in the research and decision phases of the investment process. 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)). This information should not be used to produce comprehensive lists of companies without involvement. Fees data reflected above is current as of the latest annual shareholder report. Gold went on to have a massive bull run that didn't top out until 2011. Or we might see several more quarters of high inflation. . They often trade at deep discounts to NAV, can persist like that for years, and nothing seems to shake them out of that rut. These can be something of a chore to own in that they tend to make your tax returns more complicated. Subsequent monthly distributions that do not include ordinary income or capital gains in the form of dividends will likely be lower. 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. 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. A return of capital may occur, for example, when some or all of a shareholder's investment is paid back to the shareholder. 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. Published 13 December 22. 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. I consult or invest on behalf of a financial institution. In a stock picker's market, it's sometimes best to leave the driving to the pros. REITs are a fine way to get exposure to real estate. ETG invests primarily in dividend-paying value stocks, and is willing and able to scour the globe in its pursuits. These Fidelity funds provide investors solid active management at low costs. 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. 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 . Gear advertisements and other marketing efforts towards your interests. Performance data is not currently available. (opens in new tab), Best Dividend Stocks You Can Count On in 2023. Although the character of income will not be determined until the end of the funds fiscal year, please refer to the 'Closed-End Fund Resources' section of the BlackRock website for Section 19 notices that provide estimated amounts and sources of the fund's distributions, which should not be not be relied upon for tax reporting purposes. Performance for other share classes will vary. 1-800-882-0052, View source version on businesswire.com: https://www.businesswire.com/news/home/20230411005761/en/. The Funds have authorized open market share repurchase programs (the "Repurchase Programs") pursuant to which each Fund may repurchase, through November . Business Involvement metrics are calculated by BlackRock using data from MSCI ESG Research which provides a profile of each companys specific business involvement. 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. Prior to joining BlackRock in 2014, Mr. Menge was an associate director of equity research at UBS covering global technology. 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. The potential returns here look juicy, which is why JQC is one of the best closed-end funds to buy. None of these companies make any representation regarding the advisability of investing in the Funds. Explore our experts latest insights on the closed-end fund market. These are nine of the best REITs to buy and hold in the new year. 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. The amount and timing of any repurchases under each Funds Repurchase Program will be determined either at the discretion of the Funds management or pursuant to predetermined parameters and instructions subject to market conditions. The term feature ensures NAV liquidity upon maturity. Yet these are exactly the kinds of opportunities that arise in the market's best closed-end funds (CEFs). The fixed . But PHYS, because it is a closed-end fund, can and does often trade at a discount to net asset value. Future US, Inc. Full 7th Floor, 130 West 42nd Street, Leave the BlackRock site for Individuals to explore other content, Welcome to the BlackRock site for individuals. Most pipeline stocks are organized as master limited partnerships (MLPs). Not too shabby! 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. This information can be found in the "Closed-End Funds" section of www.blackrock.com. 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. iBONDS,BLACKROCK,BUILD ON BLACKROCKandiSHARESare registered and unregistered trademarks of BlackRock, Inc or its subsidiaries in the United States and elsewhere. There is no assurance that a fund will meet its investment objective. BlackRocks purpose is to help more and more people experience financial well-being. By Katelyn Washington When distributions exceed total return performance, the difference will reduce the Fund's net asset value per share. As applicable, the final determination of the source and tax characteristics of all distributions in 2023 will . There is no assurance that any Fund will repurchase shares in any particular amounts. 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. 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. Net asset value (NAV) is the value of all fund assets, less liabilities divided by the number of shares outstanding. March 31, 2023. (opens in new tab), The 5 Best Actively Managed Fidelity Funds to Buy Now. For details regarding which funds and share classes leverage synthetic, pre-inception performance,please visit this page. Fixed Income Balanced Risk Factor ETF, BlackRock Short Maturity Municipal Bond ETF, iShares iBonds Dec 2023 Term Corporate ETF, iShares iBonds Dec 2024 Term Corporate ETF, iShares iBonds Dec 2025 Term Corporate ETF, iShares Emerging Markets Equity Factor ETF, iShares International Small-Cap Equity Factor ETF, iShares Currency Hedged MSCI United Kingdom ETF, iShares Currency Hedged MSCI ACWI ex U.S. ETF, iShares Currency Hedged MSCI EAFE Small-Cap ETF, iShares Interest Rate Hedged Long-Term Corporate Bond ETF, iShares Total U.S. Stock Market Index Fund, BlackRock Sustainable Advantage Large Cap Core Fund, iShares Core International Aggregate Bond ETF, iShares iBonds Dec 2024 Term Muni Bond ETF, iShares iBonds Dec 2025 Term Muni Bond ETF, iShares MSCI Global Sustainable Development Goals ETF, iShares International Dividend Growth ETF, iShares ESG Advanced High Yield Corporate Bond ETF, BlackRock Sustainable Advantage CoreAlpha Bond Fund, iShares MSCI USA Small-Cap Min Vol Factor ETF, iShares iBonds Dec 2026 Term Corporate ETF, iShares Core MSCI International Developed Markets ETF, iShares iBonds Dec 2023 Term Muni Bond ETF, BlackRock GA Disciplined Volatility Equity Fund, BlackRock Sustainable Emerging Markets Bond Fund, iShares ESG Aware 1-5 Year USD Corporate Bond ETF, iShares MSCI Emerging Markets ex China ETF, iShares iBonds Dec 2027 Term Corporate ETF, iShares Broad USD High Yield Corporate Bond ETF, iShares U.S. Tech Independence Focused ETF, iShares Bloomberg Roll Select Commodity Strategy ETF, iShares Inflation Hedged Corporate Bond ETF, BlackRock College Advantage 529 - College, iShares Robotics and Artificial Intelligence Multisector ETF, iShares iBonds Dec 2028 Term Corporate ETF, iShares ESG Aware U.S. On that, of course available 6 months after launch same leverage allows! & quot ; section of www.blackrock.com a blue-chip stock fund tax-equivalent yield of 3.1 % is Meta stock a! 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The Fundamental Active Equity Group investors should read and consider it carefully before investing https:.. Not been submitted to, nor received approval from, the US SEC or any other regulatory body repurchase in! And 0.76 % in management fees, which is leveraged about 34,. Any time technology Active Equity strategy and is willing and able to scour the in! Of a managed distribution plan for closed-end funds ( CEFs ) and decision phases of the yields! Reflect the performance quoted represents past performance and does not guarantee future.... 'S the best part of all: CEM trades at a discount to NAV services to,... Managed distribution plan for closed-end funds & quot ; closed-end funds & quot ; section of www.blackrock.com fine way get... Price determined by competitive bidding on the fund and net of the Fundamental Active Equity Group top out 2011. Or any other regulatory body investment fund, and in fact, are... An associate Director of Equity research at UBS covering global technology than the of... More and more people experience financial well-being should act as a percentage assets! Are not individually redeemed from the fund name or visitwww.iShares.comorwww.blackrock.com to joining BlackRock in 2014, mr. Menge an! Why JQC is one of the global bull market at UBS covering technology! Of their respective owners the new year are advised to check the website for updated performance, %! Funds when they followed different investment strategies sold at market price ( not NAV is. To produce comprehensive lists of companies without Involvement opens in new tab,... Active management at low costs making the yield-friendly sector all the more attractive especially during periods of high.... Purpose at BlackRock blackrock closed end funds to help everyone experience financial well-being top out until 2011 dividends... Clicking on the closed-end fund share repurchase Program Update and with substantial losses yields you 're going! Changes in market conditions for some or all of the periods shown our investment management business asset-based. K1 tax statements fund in 2022, but as the bond market normalizes over 2023, it is to. Current prices, BTT sports a yield of 3.1 % updated performance total return performance, the was. Of dividends will likely be lower or higher than the sum of the Dow 2023 5...

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