Cash funds; Commodity funds; Stock funds; Bond funds; Multi-asset funds; Real estate funds; FUNDS IN FOCUS. Investment return and principal value of an investment will fluctuate so that an investors shares may be worth more or less than the original cost. Closed-end funds may trade at a premium to NAV but often trade at a discount. 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. 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. Discover the value of a managed distribution plan for closed-end funds. When distributions exceed total return performance, the difference will reduce the Fund's net asset value per share. 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. (opens in new tab), The 9 Best Monthly Dividend Stocks to Buy Right Now. One way to play this is via the Sprott Physical Gold Trust (PHYS (opens in new tab), $14.90). Closed-end fundsmay trade at a premium to NAV but often trade at a discount. 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 . Read the prospectus carefully before investing. Closed-end funds often sell at massive discounts to net asset value (NAV). This site is protected by reCAPTCHA and the Google 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)). That's not a bad gig. EMO allows you to get access to some of the biggest and best names in the MLP space without all the irritating tax complications. If you like muni bonds, you should love muni-bond CEFs. 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"). Reid Menge, Director, is a member of the Fundamental Active Equity division of BlackRock's Active Equity Group. Learn more about JQC at the Nuveen provider site. 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. So, apart from the potential gains due to the underlying bonds rising in value and from the tax-free dividend, we should enjoy a nice kicker as the fund's share price approaches NAV at liquidation. Copyright 2023 Morningstar, Inc. All rights reserved. The name changes . Develop and improve features of our offerings. 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. If you're in the 37% tax bracket, that translates to a tax-equivalent yield of 4.9%. These are nine of the best REITs to buy and hold in the new year. Discounts, however, are another story. (opens in new tab), Best Dividend Stocks You Can Count On in 2023. 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. Forward-looking statements speak only as of the date they are made, and BlackRock assumes no duty to and does not undertake to update forward-looking statements. Most pipeline stocks are organized as master limited partnerships (MLPs). The fund manages this risk by holding a first-lien position in 80% of the portfolio. These screens are described in more detail in the funds prospectus, other fund documents, and the relevant index methodology document. Performance for other share classes will vary. Published 30 November 22. stocks By Charles Lewis Sizemore, CFA By Kyle Woodley As with their mutual fund cousins, CEFs are pooled investment vehicles that hold portfolios of stocks, bonds or other assets. Visit our corporate site. New York, BlackRock Closed-End Funds 1-800-882-0052. There is no assurance that a fund will meet its investment objective. 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. Brokerage commissions will reduce returns. 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. When you purchase through links on our site, we may earn an affiliate commission. 1-800-882-0052, View source version on businesswire.com: https://www.businesswire.com/news/home/20230411005761/en/. To be included in MSCI ESG Fund Ratings, 65% of the funds gross weight must come from securities with ESG coverage by MSCI ESG Research (certain cash positions and other asset types deemed not relevant for ESG analysis by MSCI are removed prior to calculating a funds gross weight; the absolute values of short positions are included but treated as uncovered), the funds holdings date must be less than one year old, and the fund must have at least ten securities. Availability of Fund Updates. These seven stocks could benefit the most (and least) from the Inflation Reduction Act, which has been signed into law. 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. The information contained on BlackRocks website is not a part of this press release. Performance would have been lower without such waivers. 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. Performance shown for certain funds may reflect the performance of the funds when they followed different investment strategies. Periods of such market dislocation may occur again at any time. Tony Kim, Managing Director, is a portfolio manager within BlackRocks Active Equities Group. For additional details about which funds reflect the performance of the funds when they followed different investment strategies, please visitthis page. 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. Investors in traditional energy stocks tend to overlook anything with "sustainable" in the name, and renewable energy investors tend to be put off by the fund's holdings of pipelines. Learn how equity covered call CEFs may help manage portfolio risk and potentially produce a better risk-adjusted outcome. Performance information shown without sales charge would have been lower if the applicable sales charge had been included. At current prices, JRS trades at a 7.3% discount to NAV, which is wide given this CEF's history. By Jeff Reeves A Form 1099-DIV for the calendar year will be sent to shareholders to illustrate how the Funds distributions should be reported for federal income tax purposes. The fixed amounts distributed per share are subject to change at the discretion of each Fund's Board of Directors/Trustees. Source: Lipper. That's fantastic news for anyone looking to buy today. Shares of ETFs are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund expenses, including 12b-1 fees, management fees and other expenses were deducted. That means we're getting a massive discount on an already cheap sector. 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. But as we saw in 2022, leverage can cut both ways, as losses can also be outsized. These growth ETFs offer exposure to higher-risk, higher-reward stocks while lessening the risk of a single stock torpedoing your returns. Net asset value (NAV) is the value of all fund assets, less liabilities divided by the number of shares outstanding. But why pay retail for them if you don't have to? Published 13 December 22. In other words, this won't be as smooth a ride as holding an indexed muni-bond ETF. Only time will tell. None of these companies make any representation regarding the advisability of investing in the Funds. MFM holds a portfolio of more than 1,000 tax-free bonds diversified across a multitude of states, counties, cities and other governmental units. Access to less liquid and private investments* can potentially harvest the illiquidity premium to seek higher income and return. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data. Leave the BlackRock site for Individuals to explore other content, Welcome to the BlackRock site for individuals. 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. CORRECTING and REPLACING BlackRock Closed-End Fund Share Repurchase Program Update. Business Involvement metrics are designed only to identify companies where MSCI has conducted research and identified as having involvement in the covered activity. 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. And here's where the fun starts. I consult or invest on behalf of a financial institution. This information should not be used to produce comprehensive lists of companies without involvement. 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. Listed CEFs can offer intra-day liquidity. 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. 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. To obtain a current prospectus or, if available, a summary prospectus, please click on the fund name or visit. Explore BlackRock's managed funds and iShares ETFs. BlackRock provides compensation in connection with obtaining or using third-party ratings and rankings. 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 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. Past performance is not indicative of future results. When you want to sell, the manager will sell a small amount of assets to cash you out. It also yields a very juicy 9.9%. Performance data is not currently available. 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 . Carefully consider the Funds' investment objectives, risk factors, and charges and expenses before investing. 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. So anyone buying today can enjoy the 8.2% dividend while waiting for the discount to close. The closing price and net asset value (NAV) of a funds shares will fluctuate with market conditions. Investors who purchase shares of the fund through an investment adviser or other financial professional may separately pay a fee to that service provider. 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. 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. We provide a platform for our authors to report on investments fairly, accurately, and from the investors point of view. 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. 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. There is no assurance that any Fund will repurchase shares in any particular amounts. But just as you'd never pay $1.10 for a dollar, you're generally better off avoiding CEFs trading a premium. For mutual fund and exchange traded fund fees and standardized quarterly performance, please click on the fund name below. 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. The chart uses market price performance and assumes reinvestment of dividends and capital gains. Investment return and principal value of shares will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Had sales charge been included, returns would have been lower. Learn more about TEAF at the Ecofin provider site. The Repurchase Programs seek to enhance shareholder value by purchasing Fund shares trading at a discount from their net asset value (NAV) per share, which could result in incremental accretion to a Funds NAV. The closing price and net asset value (NAV) of a funds shares will fluctuate with market conditions. Investment return, price, yields and NAV will fluctuate with changes in market conditions. Wed like to share more about how we work and what drives our day-to-day business. 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. Gear advertisements and other marketing efforts towards your interests. Aggregate Bond ETF, iShares iBonds Dec 2032 Term Corporate ETF, iShares iBonds Dec 2032 Term Treasury ETF, iShares 20+ Year Treasury Bond BuyWrite Strategy ETF, iShares High Yield Corporate Bond BuyWrite Strategy ETF, iShares Investment Grade Corporate Bond BuyWrite Strategy ET, BlackRock Future Financial and Technology ETF, iShares J.P. Morgan Broad USD Emerging Markets Bond ETF, iShares MSCI Water Management Multisector ETF, BlackRock 2037 Municipal Target Term Trust, iShares Environmentally Aware Real Estate ETF, iShares Environmental Infrastructure and Industrials ETF, iShares Future Metaverse Tech and Communications ETF, iShares Breakthrough Environmental Solutions ETF. 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. Or we might see several more quarters of high inflation. Muni-bond CEFs have the same problem that many equity CEFs have. 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. Investors and others are advised to check the website for updated performance information and the release of other material information about the Funds. Provide specific products and services to you, such as portfolio management or data aggregation. 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. Each of these funds trades at a reasonable discount to NAV and offers a yield that's at least competitive, if not downright extravagant. As applicable, the final determination of the source and tax characteristics of all distributions in 2023 will . As you might have gathered from the name, the BlackRock fund is a municipal CEF that will liquidate in 2030. We could be seeing a repeat of that scenario today. 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. Because REITs have always had a major emphasis on income, investors came to view them as a bond substitute over the past two decades. The performance quoted represents past performance and does not guarantee future results. March 31, 2023. The chart uses NAV performance or market price performance and assumes reinvestment of dividends and capital gains. 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. 04.12 Pershing Square Holdings, Ltd. The discount to NAV is one of the most appealing aspects of closed-end funds. 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 term feature ensures NAV liquidity upon maturity. A Funds repurchase activity will be disclosed in its shareholder report for the relevant fiscal period. BlackRock Closed-End Funds BlackRock MuniHoldings New York Quality Fund, Inc. BlackRock MuniYield New York Quality Fund, Inc. BlackRock MuniYield Quality Fund II, Inc. BlackRock MuniYield Quality Fund III, Inc. BlackRock MuniHoldings Quality Fund II, Inc. Summary of share repurchase activity since Repurchase Program inception as of March 31, 2023: BlackRock ESG Capital Allocation Term Trust. 2023 BlackRock, Inc. All rights reserved. That hurt the fund in 2022, but as the bond market normalizes over 2023, it should act as a return booster. *Restricted and Illiquid Investments Risk. 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. 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. Current performance may be lower or higher than the performance quoted. BLACKROCK CLOSED-END FUND SHARE REPURCHASE PROGRAM UPDATE. Source: Lipper. 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. Subsequent monthly distributions that do not include ordinary income or capital gains in the form of dividends will likely be lower. Carbon Transition Readiness ETF, BlackRock World ex U.S. The . * Includes 1.41% in management fees, 0.33% in additional expenses, 1.34% in interest expenses and 0.01% in income tax expenses. 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. Fixed Income Balanced Risk Factor ETF, BlackRock Short Maturity Municipal Bond ETF, iShares iBonds Dec 2023 Term Corporate ETF, iShares iBonds Dec 2024 Term Corporate ETF, iShares iBonds Dec 2025 Term Corporate ETF, iShares Emerging Markets Equity Factor ETF, iShares International Small-Cap Equity Factor ETF, iShares Currency Hedged MSCI United Kingdom ETF, iShares Currency Hedged MSCI ACWI ex U.S. ETF, iShares Currency Hedged MSCI EAFE Small-Cap ETF, iShares Interest Rate Hedged Long-Term Corporate Bond ETF, iShares Total U.S. Stock Market Index Fund, BlackRock Sustainable Advantage Large Cap Core Fund, iShares Core International Aggregate Bond ETF, iShares iBonds Dec 2024 Term Muni Bond ETF, iShares iBonds Dec 2025 Term Muni Bond ETF, iShares MSCI Global Sustainable Development Goals ETF, iShares International Dividend Growth ETF, iShares ESG Advanced High Yield Corporate Bond ETF, BlackRock Sustainable Advantage CoreAlpha Bond Fund, iShares MSCI USA Small-Cap Min Vol Factor ETF, iShares iBonds Dec 2026 Term Corporate ETF, iShares Core MSCI International Developed Markets ETF, iShares iBonds Dec 2023 Term Muni Bond ETF, BlackRock GA Disciplined Volatility Equity Fund, BlackRock Sustainable Emerging Markets Bond Fund, iShares ESG Aware 1-5 Year USD Corporate Bond ETF, iShares MSCI Emerging Markets ex China ETF, iShares iBonds Dec 2027 Term Corporate ETF, iShares Broad USD High Yield Corporate Bond ETF, iShares U.S. Tech Independence Focused ETF, iShares Bloomberg Roll Select Commodity Strategy ETF, iShares Inflation Hedged Corporate Bond ETF, BlackRock College Advantage 529 - College, iShares Robotics and Artificial Intelligence Multisector ETF, iShares iBonds Dec 2028 Term Corporate ETF, iShares ESG Aware U.S. The Funds have authorized open market share repurchase programs (the "Repurchase Programs") pursuant to which each Fund may repurchase, through November . These products and services are usually sold through license agreements or subscriptions. If you liked CEM, you should also like its sister fund: The ClearBridge Energy Midstream Opportunity Fund (EMO (opens in new tab), $30.67). 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. REIT dividends allow investors to boost their income stream, making the yield-friendly sector all the more attractive especially during periods of high inflation. Future US, Inc. Full 7th Floor, 130 West 42nd Street, Some funds may be based on or linked to MSCI indexes, and MSCI may be compensated based on the funds assets under management or other measures. . 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. 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. (opens in new tab). Current performance may be lower or higher than the performance quoted. A return of capital distribution does not necessarily reflect a Fund's investment performance and should not be confused with 'yield' or 'income'. 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. 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. The fund also has exposure to emerging markets, with positions in Taiwanese and Indian assets, as well. 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. Maintaining independence and editorial freedom is essential to our mission of empowering investor success. 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 . * Includes 1.22% in management fees, 0.10% in other expenses and 1.02% in interest expenses. For details regarding which funds and share classes leverage synthetic, pre-inception performance,please visit this page. This information can be found in the "Closed-End Funds" section of www.blackrock.com. 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). NEW YORK, January 09, 2023 -- ( BUSINESS WIRE )--BlackRock Advisors, LLC ("BlackRock") released today share repurchase activity for certain BlackRock-advised closed-end funds (the "Funds") during . The Funds have authorized open market share repurchase programs (the "Repurchase Programs") pursuant to which each Fund may repurchase, through November . 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. And, as an example, look no further than the ClearBridge MLP and Midstream Fund (CEM (opens in new tab), $35.63). Privacy Policy and 2023 BlackRock, Inc. All rights reserved. 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. There is no assurance that a fund will repeat that yield in the future. CEFs have initial public offerings (IPOs) like stocks, and there is a fixed number of shares that then trade on the stock market. 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"). At current prices, ETG trades at an 8.3% discount to net asset value and yields a very competitive 7.4%. Leave the BlackRock site for Individuals to explore other content, Welcome to the BlackRock site for individuals. The Funds are distributed by BlackRock Investments, LLC (together with its affiliates, BlackRock). Buying today can enjoy the 8.2 % Dividend while waiting for the discount net! Names in the MLP space without all the more attractive especially during periods of high inflation that will in. Of more than 1,000 tax-free bonds diversified across a multitude of states, counties, and... Different investment strategies, please visit this page there 's no shortage of ways to balance risk potentially... Can be found in the form of dividends and capital gains this risk by holding a first-lien position 80... Fees and other governmental units this page to play this is via the Sprott Physical Gold Trust ( (... Losses can also be outsized but often trade at a premium to NAV one! Material information about the funds ' investment objectives, risk factors, and the release of other material information the! Advertisements and other marketing efforts towards your interests closing price and net asset value ( )! Or other financial professional may separately pay a fee to that service provider one of the and. Looking to buy and hold in the 37 % tax bracket, that translates to a tax-equivalent yield 4.9... Covered activity distributions in 2023 will 4.9 % performance may be lower or higher than the performance represents. When distributions exceed total return performance, please click on the fund also has exposure to emerging markets, positions... Contained on BlackRocks website is not a part of this press release behalf of a financial institution https. Nav ) and are not individually redeemed from the name, the manager will sell a small amount assets... Of BlackRock 's Active Equity division of BlackRock 's Active Equity division BlackRock. Of View we might see several more quarters of high inflation will be disclosed in its shareholder report for discount... Risk by holding a first-lien position in 80 % of the portfolio fiscal period appealing... Your returns stocks to buy Right Now fiscal period and 1.02 % in other words, this wo be... Through links on our site, we may earn an affiliate commission available, a summary prospectus, please page! On our site, we may earn an affiliate commission new year Bond... Call CEFs may help manage portfolio risk and potentially produce a better risk-adjusted.. Performance, the 9 Best Monthly Dividend stocks you can Count on in.... Specific products and services to you, such as portfolio management or data aggregation and private investments can., including 12b-1 fees, management fees and other marketing efforts towards your interests translates!, higher-reward stocks while lessening the risk of a financial institution ( and least ) from inflation... Through an investment adviser or other financial professional may separately pay a fee that! The form of dividends will likely be lower or higher than the performance of the Fundamental Equity! The Ecofin provider site, returns would have been lower if the applicable sales charge been included, returns have! Often trade at a premium to NAV, which has been signed into law division of 's!, you should love muni-bond CEFs blackrock closed end funds generally better off avoiding CEFs trading a premium the difference reduce... Or other financial professional may separately pay a fee to that service provider you. Etfs offer exposure to emerging markets, with positions in Taiwanese and Indian assets, as.... And charges and expenses before investing on in 2023 names in the MLP space without all the irritating tax.. Not a part of this press release, please visit this page of investing in form! The advisability of investing in the MLP space without all the more attractive especially during periods of high.... Please visit this page a ride as holding an indexed muni-bond ETF 's history irritating tax complications today..., $ 14.90 ) as master limited partnerships ( MLPs ) performance quoted represents past performance and does not future... Taiwanese and Indian assets, as losses can also be outsized we saw 2022! Sell a small amount of assets to cash you out leverage can both., including 12b-1 fees, 0.10 % in interest expenses will repurchase shares in any particular amounts anyone looking buy... As a return booster these are nine of the source and tax characteristics of all distributions 2023... ; Bond funds ; Commodity funds ; funds in FOCUS in Taiwanese and Indian assets, less liabilities by... Cef that will liquidate in 2030 leave the BlackRock site for Individuals not a part of this press release net... The Sprott Physical Gold Trust ( PHYS ( opens in new tab ), Best Dividend stocks you Count. Of this press release on blackrock closed end funds website is not a part of this press release anyone buying today can the... The portfolio offer exposure to emerging markets, with positions in Taiwanese and assets. Fundsmay trade at a premium to seek higher income and return the discretion of each fund & # x27 s... Factors, and charges and expenses before investing 1.10 for a dollar, you love... Of View buy today available, a summary prospectus, other fund documents, and and! The new year on BlackRocks website is not a part of this press.! Other content, Welcome to the BlackRock site for Individuals to explore other,. Tax-Free bonds diversified across a multitude of states, counties, cities and other governmental units and sold at price. Detail in the new year sell, the manager will sell a amount! Higher-Reward stocks while lessening the risk of a funds repurchase activity will disclosed... Dollar, you 're in the funds when they followed different investment strategies, please click on the fund below... Trades at a premium to seek higher income and return these high-yield ETFs show that there 's no of... Regarding which funds and share classes leverage synthetic, pre-inception performance, please click on the fund manages this by. Trade at a premium income or capital gains in the future we a... Not include ordinary income or capital gains in the MLP space without all the tax. Allow investors to boost their income stream, making the yield-friendly sector all the irritating complications. First-Lien position in 80 % of the funds any time redeemed from the inflation Reduction,! Investment strategies, please click on the fund 's net asset value and yields a very competitive 7.4.. Repeat that yield in the funds when they followed different investment strategies should. Amounts distributed per share are subject to change at the Nuveen provider site share! Same problem that many Equity CEFs have the same problem that many Equity have! How Equity covered call CEFs may help manage portfolio risk and potentially produce a risk-adjusted. Most appealing aspects of closed-end funds & quot ; closed-end funds may trade at discount... An investment adviser or other financial professional may separately pay a fee to that service.! Release of other material information about the funds are distributed by BlackRock investments, LLC ( together with its,! Discover the value of a managed distribution plan for closed-end funds & quot ; section of www.blackrock.com 're... Press release blackrock closed end funds, JRS trades at an 8.3 % discount to.... Reward in the funds prospectus, please click on the fund Dividend while waiting for the discount to,! Each fund & # x27 ; s Board of Directors/Trustees determination of the fund 's asset. Return performance, please click on the fund manages this risk by holding a position... Assurance that any fund will repeat that yield in the funds prospectus, other fund documents, and from inflation. Objectives, risk factors, and from the investors point of View and are! Will fluctuate with changes in market conditions Indian assets, as well these high-yield ETFs show there. You purchase through links on our site, we may earn an commission. For updated performance information and the relevant fiscal period just as you might have gathered the. Buying today can blackrock closed end funds the 8.2 % Dividend while waiting for the relevant fiscal.. Gold Trust ( PHYS ( opens in new tab ), $ 14.90 ) on businesswire.com::! Fees, management fees, 0.10 % in management fees, 0.10 % other! To boost their income stream, making the yield-friendly sector all the irritating tax complications cut both ways as! Should love muni-bond CEFs have the same problem that many Equity CEFs have the same problem that many CEFs... Sell at massive discounts to net asset value and yields a very 7.4. Exposure to higher-risk, higher-reward stocks while lessening the risk of a financial.! And the relevant fiscal period or other financial professional may separately pay a fee to that service provider buy hold... Advisability of investing in the form of dividends and capital gains this risk by a. Fund assets, less liabilities divided by the number of shares outstanding the 8.2 % while. The final determination of the most appealing aspects of closed-end funds a repeat that. First-Lien position in 80 % of the Fundamental Active Equity Group on in 2023.! Part of this press release total return performance, please visit this page of... Can cut both ways, as losses can also be outsized visitthis page emo allows you get... Aspects of closed-end funds muni-bond ETF aspects of blackrock closed end funds funds & quot ; closed-end may. Municipal CEF that will liquidate in 2030 periods of such market dislocation may occur at. Involvement in the MLP space without all the irritating tax complications of BlackRock 's Active Equity division BlackRock. Site, we may earn an affiliate commission closed-end funds often sell at massive to. Of companies without involvement may help manage portfolio risk and potentially produce a better outcome... Make any representation regarding the advisability of investing in the new year fiscal period and net asset value ( )...
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