The . BlackRock to Host Municipal Closed-End Fund Update Call on April 6, 2023 at 2:00pm ET Press Release Actions Download Email Add to favorites Information Information Description: Dividend Press Release Publication date: Apr 5, 2023 Target Audience: For Individuals Product group: BlackRock Closed-End Funds Done Actual results could differ materially from those anticipated in forward-looking statements and future results could differ materially from historical performance. For additional details about which funds reflect the performance of the funds when they followed different investment strategies, please visitthis page. 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". 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 Nuveen Real Estate Income Fund (JRS (opens in new tab), $8.46) is one of the best closed-end funds that invests in REITs. All other trademarks are those of their respective owners. Javascript is required. In a "normal" year, that acts as a return booster. Yet even after a good run, energy stocks are still attractively priced. One way to play this is via the Sprott Physical Gold Trust (PHYS (opens in new tab), $14.90). For additional information on BlackRock, please visit www.blackrock.com/corporate | Twitter: @blackrock | LinkedIn: www.linkedin.com/company/blackrock. BLACKROCK CLOSED-END FUND SHARE REPURCHASE PROGRAM UPDATE. * Includes 0.92% in management fees, 0.13% in other expenses and 0.76% in interest expenses. So if you buy one at a discount and hold until liquidation, you should benefit handsomely as that discount narrows. None of these companies make any representation regarding the advisability of investing in the Funds. Investors and others are advised to check the website for updated performance information and the release of other material information about the Funds. CORRECTING and REPLACING BlackRock Closed-End Fund Share Repurchase Program Update. Business Involvement metrics are calculated by BlackRock using data from MSCI ESG Research which provides a profile of each companys specific business involvement. The information contained on BlackRocks website is not a part of this press release. If someone offered to sell you a dollar for 90 cents well, you'd probably think it was too good to be true. 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. We also respect individual opinionsthey represent the unvarnished thinking of our people and exacting analysis of our research processes. Strong March Jobs Report Shows the Fed Still Has Clearance to Hike Interest Rates, Markets Brief: March CPI Report Forecasts Show Inflation Still Running High, 20 Best Healthcare Companies to Invest In, Best Financial-Services Companies to Own: 2023 Edition, Undervalued Communication Services Stocks, Best Sustainable Companies to Own: 2023 Edition, https://www.businesswire.com/news/home/20230411005761/en/. For mutual fund and exchange traded fund fees and standardized quarterly performance, please click on the fund name below. 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. Shares of ETFs are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. CEF shares are bought and sold at market price determined by competitive bidding on the stock exchange. * Includes 0.62% in management fees, 0.04% in other expenses and 0.51% in interest expenses. 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 Energy and Resources Trust. As a global investment manager and fiduciary to our clients, our purpose at BlackRock is to help everyone experience financial well-being. The performance quoted represents past performance and does not guarantee future results. 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. 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. If you're in the 37% tax bracket, that translates to a tax-equivalent yield of 4.9%. 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. Another nice aspect of CEFs is that, unlike mutual funds, they can use debt leverage to juice their returns. An update on fund exposure to recent market events, This information must be preceded or accompanied by a current prospectus. Is Meta Stock Still a Buy After Its Big Rally? Net asset value (NAV) is the value of all fund assets, less liabilities divided by the number of shares outstanding. 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. Terms of Service apply. 2020 BlackRock, Inc. All rights reserved. Current performance may be lower or higher than the performance quoted, and numbers may reflect small variances due to rounding. Mr. Menge began his investment career in 2001 at Credit Suisse First Boston as an analyst for fixed income sales. Yet these are exactly the kinds of opportunities that arise in the market's best closed-end funds (CEFs). 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. Carbon Transition Readiness ETF, BlackRock World ex U.S. By Lisa Springer Data is as of Jan. 30. 2023 BlackRock, Inc. All rights reserved. Learn more about ETG at the Eaton Vance provider site. Please note: Closed end funds are subject to the risk of their underlying assets and investment strategy. Published 30 November 22. stocks Business Involvement metrics are designed only to identify companies where MSCI has conducted research and identified as having involvement in the covered activity. Learn why its important to consider total return when evaluating a closed-end funds performance. Closed-end funds; ASSET CLASS. This and other information can be found in the Funds' prospectuses. Source: Lipper. may trade at a premium to NAV but often trade at a discount. If you meet certain income requirements, you are required to file a federal tax return (or get an extension) by Tax Day. 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. Related Quotes. (opens in new tab). If you like muni bonds, you should love muni-bond CEFs. 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. Business Involvement metrics are only displayed if at least 1% of the funds gross weight includes securities covered by MSCI ESG Research. 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. The closing price and net asset value (NAV) of a funds shares will fluctuate with market conditions. BlackRock Enhanced Global Dividend Trust Adding more BOE to my portfolio was a move to add more global exposure to my portfolio. BlackRocks purpose is to help more and more people experience financial well-being. Help clients achieve specific outcomes with an alternative investing strategy that seeks to diversify or amplify returns. 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. 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 . Market returns are based upon the midpoint of the bid/ask spread at 4:00 p.m. eastern time (when NAV is normally determined for most ETFs), and do not represent the returns you would receive if you traded shares at other times. The chart assumes Fund expenses, including management fees and other expenses were deducted. (opens in new tab). Get the latest news on BlackRocks closed-end funds. But that's where the similarities stop. Source: BlackRock Closed-End Funds. The performance quoted represents past performance and does not guarantee future results. This information must be preceded or accompanied by a current prospectus. Interactive chart displaying fund performance. These screens are described in more detail in the funds prospectus, other fund documents, and the relevant index methodology document. Reid Menge, Director, is a member of the Fundamental Active Equity division of BlackRock's Active Equity Group. (opens in new tab), The 6 Safest Vanguard Funds to Own in a Bear Market. TEAF's quirkiness has contributed to it perpetually trading at a deep discount to NAV. * Includes a 1.33% in management fees, 0.12% in other expenses and 1.30% in interest expenses. ETG invests primarily in dividend-paying value stocks, and is willing and able to scour the globe in its pursuits. 2022 BlackRock, Inc. All rights reserved. Read the prospectus carefully before investing. A return of capital may occur, for example, when some or all of a shareholder's investment is paid back to the shareholder. Most pipeline stocks are organized as master limited partnerships (MLPs). These Fidelity funds provide investors solid active management at low costs. These are nine of the best REITs to buy and hold in the new year. Explore our experts latest insights on the closed-end fund market. Rather than simply show up on your normal broker 1099-B or 1099-Div, MLPs come with complicated K1 tax statements. $0.125000. Who wouldn't want to buy the whole for less than the sum of the parts? Investors and others are advised to check the website for updated performance . The Fed might be successful in bringing inflation to heel. Listed CEFs can offer intra-day liquidity. ClearBridge MLP and Midstream, which is leveraged about 34%, can be a volatile fund. 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. EMO allows you to get access to some of the biggest and best names in the MLP space without all the irritating tax complications. Prior to joining BlackRock in 2014, Mr. Menge was an associate director of equity research at UBS covering global technology. 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 Closed-End Funds 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. Performance information shown without sales charge would have been lower if the applicable sales charge had been included. 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. To obtain a current prospectus or, if available, a summary prospectus, please click on the fund name or visitwww.iShares.comorwww.blackrock.com. Not too shabby! A Funds repurchase activity will be disclosed in its shareholder report for the relevant fiscal period. Data reflects different methodology from the BlackRock calculated returns in the Returns tab. 04.12 Pershing Square Holdings, Ltd. 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. Investment return and principal value of shares will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. It also yields a very competitive 6.9%. So via PHYS, you can buy gold at a modest discount to market prices. 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. Availability of Fund Updates. Learn more about BTT at the BlackRock provider site. 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. 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. 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Twitter: @ BlackRock | LinkedIn: www.linkedin.com/company/blackrock other trademarks are those of underlying. Also respect individual opinionsthey represent the unvarnished thinking of our people and exacting of! And other information can be found in the 37 % tax bracket, that translates to a yield... Benefit handsomely as that discount narrows energy stocks are organized as master partnerships... Investors solid Active management at low costs quirkiness has contributed to it perpetually trading at a deep discount NAV. Funds make distributions of ordinary income and capital gains at calendar year end to diversify or amplify returns at price... Fund exposure to my portfolio was a move to add more global exposure to portfolio. Trademarks are those of their underlying assets and investment strategy Big Rally best names in the 37 tax!