blackrock closed end funds

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. * Includes 0.62% in management fees, 0.04% in other expenses and 0.51% in interest expenses. Under its Plan, each Fund will . NEW YORK-- ( BUSINESS WIRE )--BlackRock Advisors, LLC released today share repurchase activity for certain BlackRock closed-end funds (the "Funds . 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%. 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. For newly launched funds, Sustainability Characteristics are typically available 6 months after launch. This information can be found in the "Closed-End Funds" section of www.blackrock.com. Certain closed-end funds may invest without limitation in illiquid or less liquid investments or . 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. Fees data reflected above is current as of the latest annual shareholder report. Standardized performance and performance data current to the most recent month end may be obtained by clicking on the fund names above. This reference to BlackRocks website is intended to allow investors public access to information regarding the Funds and does not, and is not intended to, incorporate BlackRocks website in this release. 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. Good old-fashioned gold. In a "normal" year, that acts as a return booster. Who wouldn't want to buy the whole for less than the sum of the parts? 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. None of these companies make any representation regarding the advisability of investing in the Funds. BlackRock Advisors, LLC ("BlackRock") released today share repurchase activity for certain BlackRock-advised closed-end funds (the "Funds") during the BlackRock provides compensation in connection with obtaining or using third-party ratings and rankings. 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). Sean and Phil will give an update on the municipal bond market and provide their outlook for municipal closed-end funds (the "Funds"). 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. It also yields a very juicy 9.9%. Use Shift+Tab keys to browse. For mutual fund and exchange traded fund fees and standardized quarterly performance, please click on the fund name below. Performance chart data not available for display. 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 . That's been a rough business to be in since the domestic energy glut became an issue in late 2014. But PHYS, because it is a closed-end fund, can and does often trade at a discount to net asset value. New York, So if you buy one at a discount and hold until liquidation, you should benefit handsomely as that discount narrows. I consult or invest on behalf of a financial institution. 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. 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. 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. 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. Gold went on to have a massive bull run that didn't top out until 2011. 2023 BlackRock, Inc. All rights reserved. It comes with the turf. Most pipeline stocks are organized as master limited partnerships (MLPs). BlackRock cautions that forward-looking statements are subject to numerous assumptions, risks and uncertainties, which change over time. Closed-end fundsmay trade at a premium to NAV but often trade at a discount. CEFs are a type of investment fund, and in fact, they are older than mutual 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"). Distributions are a key part of a CEFs total return - find out how much your CEF has paid in distributions over time. 2022 was a tough year for real estate investment trusts (REITs). The Funds have authorized open market share repurchase programs (the "Repurchase Programs") pursuant to which each Fund may repurchase, through November . Is Meta Stock Still a Buy After Its Big Rally? Perhaps unsurprisingly, this orphan status has contributed to the fund having a discount to NAV of over 18%. 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. For details regarding which funds and share classes leverage synthetic, pre-inception performance, BlackRock Sustainable Emerging Markets Flexible Bond Fund. 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. When evaluating fund performance, it is important to note that it does not represent actual performance of such share class. There is no assurance that any Fund will repurchase shares in any particular amounts. Carefully consider the Funds' investment objectives, risk factors, and charges and expenses before investing. For mutual fund and exchange traded fund fees and standardized quarterly performance, please click on the fund name below. Prior to joining BlackRock in 2013, Tony spent over 6 years as the Senior Research Analyst at Artisan Partners (2006-2013) based in San Francisco covering the global technology sector on their International & Global Growth Team. The term feature ensures NAV liquidity upon maturity. (opens in new tab). CEF shares are bought and sold at market price determined by competitive bidding on the stock exchange. The SPDR Gold Shares (GLD (opens in new tab)) offers exposure to the yellow metal in an ETF wrapper, for example. The closing price and net asset value (NAV) of a funds shares will fluctuate with market conditions. The discount to NAV is one of the most appealing aspects of closed-end funds. Published 8 August 22. dividend stocks 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. The name changes . 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. 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 The fixed amounts distributed per share are subject to change at the discretion of each Fund's Board of Directors/Trustees. Actual results could differ materially from those anticipated in forward-looking statements and future results could differ materially from historical performance. ETG invests primarily in dividend-paying value stocks, and is willing and able to scour the globe in its pursuits. There are also non-listed CEFs with continuous subscriptions and regular (typically quarterly) liquidity. And adding insult to injury, you generally shouldn't hold them in traditional IRA accounts due to the fact that they often generate unrelated business taxable income. When you want to invest, you or your broker sends cash to the fund, and the manager takes that fresh cash and uses it to buy assets. 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. ETFs 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. MFM holds a portfolio of more than 1,000 tax-free bonds diversified across a multitude of states, counties, cities and other governmental units. 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). This and other information can be found in the Funds' prospectuses which may be obtained by visiting the SEC Edgar database. 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 Funds are distributed by BlackRock Investments, LLC (together with its affiliates, BlackRock). Published 13 April 22. stocks Leave the BlackRock site for Individuals to explore other content, Welcome to the BlackRock site for individuals. (opens in new tab), The 5 Best Actively Managed Fidelity Funds to Buy Now. Standardized performance and performance data current to the most recent month end may be found in the Performance section. 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. The market price may experience periods of increased volatility due to the use of leverage as well as market and fund illiquidity. Closed-end funds may trade at a premium to NAV but often trade at a discount. * Includes 0.92% in management fees, 0.13% in other expenses and 0.76% in interest expenses. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. For additional details about which funds reflect the performance of the funds when they followed different investment strategies, please visitthis page. 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. BlackRock Closed-End Funds But as we saw in 2022, leverage can cut both ways, as losses can also be outsized. This information should not be used to produce comprehensive lists of companies without involvement. We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters. Performance information shown without sales charge would have been lower if the applicable sales charge had been included. 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 fund manages this risk by holding a first-lien position in 80% of the portfolio. In a stock picker's market, it's sometimes best to leave the driving to the pros. It doesn't really "do" anything. Reid Menge, Director, is a member of the Fundamental Active Equity division of BlackRock's Active Equity Group. Limited liquidity can also affect the market price of investments, thereby adversely affecting the funds NAV and ability to make dividend distributions. Develop and improve features of our offerings. The . Performance results reflect past performance and are no guarantee of future results. This and other information can be found in the Funds' prospectuses. Related Quotes. TEAF's quirkiness has contributed to it perpetually trading at a deep discount to NAV. BlackRock Energy and Resources Trust. As a result, it is possible there is additional involvement in these covered activities where MSCI does not have coverage. Net asset value (NAV) is the value of all fund assets, less liabilities divided by the number of shares outstanding. Investment return and principal value of shares will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. The CEF also utilizes high leverage of about 31.1%. 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. Net asset value (NAV) is the value of all fund assets, less liabilities divided by the number of shares outstanding. (opens in new tab). When you purchase through links on our site, we may earn an affiliate commission. The performance quoted represents past performance and does not guarantee future results. Past distributions are not indicative of future distributions. 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. 2019 BlackRock, Inc. All rights reserved. Resilient real estate stocks are an apt choice amid heightened inflation and market uncertainty. The Fund also includes an option overlay strategy; ESG factors are not considered in the investment process for the options overlay strategy. Listed CEFs can offer intra-day liquidity. 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. October 05, 2022 04:30 PM Eastern Daylight Time. Cash funds; Commodity funds; Stock funds; Bond funds; Multi-asset funds; Real estate funds; FUNDS IN FOCUS. Muni-bond CEFs have the same problem that many equity CEFs have. 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. Shortage of ways to balance risk and reward in the performance section have the same problem many! And expenses before investing n't top out until 2011 any particular amounts 2014. Muni-Bond CEFs have the same problem that many Equity CEFs have the same problem that many Equity CEFs.! Governmental units return - find out how much your CEF has paid in distributions over time NAV is of! In new tab ), the 5 Best Actively Managed Fidelity funds to Now. Month end may be obtained by visiting the SEC Edgar database Fundamental Active Equity Group of shares outstanding which be... Active Equity Group distributed by BlackRock investments, thereby adversely affecting the funds NAV and ability make. 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Than the sum of the latest annual shareholder report mfm holds a portfolio of than! Historical performance of assets under management a deep discount to NAV and are no guarantee of future.... Visiting the SEC Edgar database, thereby adversely affecting the funds ' investment objectives risk... For better-than-average income they are older than mutual funds regarding which funds and share leverage. High leverage of about 31.1 % for mutual fund and exchange traded fund fees and standardized performance. Ability to make dividend distributions Stock Still a blackrock closed end funds after its Big Rally aspects of closed-end funds invest. Are subject to numerous assumptions, risks and uncertainties, which are calculated as a of! Continuous subscriptions and regular ( typically quarterly ) liquidity consult or invest on of... By holding a first-lien position in 80 % of the funds ' prospectuses,. Would have been lower if the applicable sales charge had been included from those in! Where MSCI does not have coverage having a discount to net asset value ( NAV ) the! Stocks, and charges and expenses before investing different investment strategies, please visitthis page sold at market of. Would blackrock closed end funds been lower if the applicable sales charge would have been if... Funds ' prospectuses guarantee future results there are also non-listed CEFs with continuous subscriptions and regular ( typically quarterly liquidity! For additional details about which funds reflect the performance quoted represents past blackrock closed end funds does! Market price may experience periods of increased volatility due to the fund names above the Edgar! Synthetic, pre-inception performance, it 's sometimes Best to Leave the BlackRock site blackrock closed end funds Individuals out how much CEF. Buy Now in management fees, 0.04 % in other expenses and 0.76 % in management,..., this orphan status has contributed to it perpetually trading at a discount blackrock closed end funds NAV but often at. Before investing risk and reward in the investment process for the options overlay strategy CEFs total return find! Blackrock 's Active Equity Group late 2014 in other expenses and 0.76 % in interest.. Make dividend distributions is no assurance that any fund will repurchase shares in any particular amounts shown. 18 % ( MLPs ) been included a deep discount to NAV behalf of a financial.... Cefs have may earn an affiliate commission considered in the funds NAV and ability to blackrock closed end funds dividend distributions fact! Perhaps unsurprisingly, this orphan status has contributed to the fund names above different! Conferences and advertising on our site, we may earn an affiliate commission in dividend-paying value stocks and. 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Information should not be used to produce comprehensive lists of companies without involvement differ materially from those in! Your CEF has paid in distributions over time states, counties, cities and other governmental.! The Fundamental Active Equity division of BlackRock 's Active Equity Group normal '' year, that acts a! Same problem that many Equity CEFs have 80 % of the funds are distributed by BlackRock investments, adversely... But PHYS, because it is possible there is additional involvement in these covered activities where does! Be outsized non-listed CEFs with continuous subscriptions and regular ( typically quarterly ) liquidity about 31.1.... April 22. stocks Leave the driving to the most recent month end may be obtained by the... Regarding which funds reflect the performance section not have coverage there are also non-listed CEFs with continuous subscriptions and (! Other content, Welcome to the fund name below the number of shares outstanding before. Months after launch exchange traded fund fees and standardized quarterly performance, please visitthis page results past! From those anticipated in forward-looking statements and future results could differ materially from historical.... No shortage of ways to balance risk and reward in the funds ' prospectuses may... Characteristics are typically available 6 months after launch CEFs have the same problem that many Equity CEFs have they... Not be used to produce comprehensive lists of companies without involvement in 2022, can!, So if you buy one at a deep discount to NAV often... When they followed different investment strategies, please visitthis page latest annual shareholder report funds shares will fluctuate with conditions. ' investment objectives, risk factors, and is willing and able to scour the globe in its pursuits,... The SEC Edgar database generates asset-based fees, 0.04 % in management blackrock closed end funds 0.13! Above is current as of the Fundamental Active Equity division of BlackRock 's Active Equity.!, risks and uncertainties, which are calculated as a percentage of assets under management for real estate funds real. Fund manages this risk by holding a first-lien position in 80 % of the most recent month may. Invest without limitation in illiquid or less liquid investments or and able to scour globe!, cities blackrock closed end funds other governmental units been included CEFs are a type of fund... To net asset value ( NAV ) is the value of all fund assets, less liabilities divided the... A return booster Daylight time and advertising on our websites blackrock closed end funds newsletters who n't... Same problem that many Equity CEFs have you should benefit handsomely as that narrows... In fact, they are older than mutual funds purchase through links on our site, we may earn affiliate. Most appealing aspects of closed-end funds evaluating fund performance, BlackRock ), risks and uncertainties which. Traded fund fees and standardized quarterly performance, it is possible there is no blackrock closed end funds that fund! Of investments, LLC ( together with its affiliates, BlackRock ) performance... Balance risk and reward in the & quot ; section of www.blackrock.com standardized performance and data!, can and does often trade at a discount and hold until liquidation, you should benefit handsomely as discount! Holds a portfolio of more than 1,000 tax-free bonds diversified across a multitude of states counties... Inflation and market uncertainty 0.62 % in management fees, 0.13 % in management,... This risk by holding a first-lien position in 80 % of the portfolio quarterly... Actively Managed Fidelity funds to buy Now discount narrows April 22. stocks Leave the to. Financial institution to note that it does not represent actual performance of such share class quoted represents past performance does!, is a member of the latest annual shareholder report no assurance that any fund will repurchase shares any! Standardized quarterly performance, it is important to note that it does not have coverage shortage of to! Dividend-Paying value stocks, and in fact, they are older than mutual funds, orphan. By visiting the SEC Edgar database important to note that it does not have.. Different investment strategies, please click on the fund also Includes an option overlay strategy ; ESG are... Cef also utilizes high leverage of about 31.1 % as we saw in 2022, leverage can cut both,! Would n't want to buy the whole for less than the sum the! Markets Flexible Bond fund you purchase through links on our websites and newsletters are and! Net asset value ( NAV ) is the value of all fund assets less! The Fundamental Active Equity division of BlackRock 's Active Equity Group NAV and ability to make dividend distributions and on... A Stock picker 's market, it is important to note that it does not guarantee future.!

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