* Includes 1.50% in management fees, 0.28% in other expenses and 0.50% in interest expenses. iBONDS,BLACKROCK,BUILD ON BLACKROCKandiSHARESare registered and unregistered trademarks of BlackRock, Inc or its subsidiaries in the United States and elsewhere. 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. Gear advertisements and other marketing efforts towards your interests. The interest from bonds issued by state or local governments is generally tax-free at the federal level. Provide specific products and services to you, such as portfolio management or data aggregation. Published 30 November 22. stocks * Includes 1.43% in management fees, 0.22% in other expenses and 0.37% in interest expenses. This site is protected by reCAPTCHA and the Google (opens in new tab). Term funds are CEFs with a shelf life. Current performance may be lower or higher than the performance data quoted. 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. None of these companies make any representation regarding the advisability of investing in the Funds. So something has to go very wrong here for the fund to take serious losses. The Information has not been submitted to, nor received approval from, the US SEC or any other regulatory body. We may use it to: To learn more about how we handle and protect your data, visit our privacy center. Performance for other share classes will vary. Investors should note, however, that the fund is powered by a high 36% in leverage. 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. The Funds have authorized open market share repurchase programs (the "Repurchase Programs") pursuant to which each Fund may repurchase, through November . But after years dealing with brutal competitive conditions, the energy infrastructure sector is the leanest and best capitalized it's been in living memory. Learn why its important to consider total return when evaluating a closed-end funds performance. The market price may experience periods of increased volatility due to the use of leverage as well as market and fund illiquidity. 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. At current prices, BTT sports a yield of 3.1%. Business Involvement metrics are calculated by BlackRock using data from MSCI ESG Research which provides a profile of each companys specific business involvement. 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%. 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. Privacy Policy and (opens in new tab), Best Dividend Stocks You Can Count On in 2023. The term feature ensures NAV liquidity upon maturity. New York, 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. The . Learn more about ETG at the Eaton Vance provider site. 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. . Today, that discount is 2.5%. 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. All other trademarks are the property of their respective owners. Symbol Last Price Change % Change; BDJ. But again, this is only 20% of the portfolio, and the fund is well diversified. They often trade at deep discounts to NAV, can persist like that for years, and nothing seems to shake them out of that rut. The information contained on BlackRocks website is not a part of this press release. The Fund also includes an option overlay strategy; ESG factors are not considered in the investment process for the options overlay strategy. All performance after inception of the share class is actual performance. When evaluating fund performance, it is important to note that it does not represent actual performance of such share class. 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. CEFs are a type of investment fund, and in fact, they are older than mutual funds. That means we're getting a massive discount on an already cheap sector. Investing involves risk, including possible loss of principal.Fund details, holdings and characteristics are as of the date noted and subject to change. To obtain a current prospectus or, if available, a summary prospectus, please click on the fund name or visit. For more information regarding a fund's investment strategy, please see the fund's prospectus. The chart uses NAV performance or market price performance and assumes reinvestment of dividends and capital gains. Availability of Fund Updates. By Jeff Reeves These can be something of a chore to own in that they tend to make your tax returns more complicated. Investment return and principal value of an investment will fluctuate so that an investors shares, when sold or redeemed, may be worth more or less than the original cost. If you meet certain income requirements, you are required to file a federal tax return (or get an extension) by Tax Day. BlackRock Closed-End Funds 1-800-882-0052. Learn more about the drivers of closed-end fund premiums and discounts, and how issuers seek to address discounts. BLACKROCK, BLACKROCK SOLUTIONS, ALADDIN, iSHARES, iSHARESBONDS, iSHARES CONNECT, LIFEPATH, SO WHAT DO I DO WITH MY MONEY, INVESTING FOR A NEW WORLD, BUILT FOR THESE TIMES, CoRI and the CoRI logo are registered trademarks of BlackRock, Inc., or its subsidiaries in the United States and elsewhere. These growth ETFs offer exposure to higher-risk, higher-reward stocks while lessening the risk of a single stock torpedoing your returns. By Lisa Springer BlackRock provides compensation in connection with obtaining or using third-party ratings and rankings. 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. 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 . The information displayed on this website may not include all of the screens that apply to the relevant index or the relevant fund. 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. Net asset value (NAV) is the value of all fund assets, less liabilities divided by the number of shares outstanding. Distributions can be a combination of dividends, interest income, realized capital gains and return of capital. The potential returns here look juicy, which is why JQC is one of the best closed-end funds to buy. 2023 BlackRock, Inc. All rights reserved. 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. 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 . 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. Published 20 January 22. Investors should read and consider it carefully before investing. 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. Fund expenses, including 12b-1 fees, management fees and other expenses were deducted. The $10,000 Hypothetical Over Time chart reflects a hypothetical $10,000 investment in the investor class of shares noted and does not assume the max sales charge. 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 simply holds a passive portfolio of gold bullion. MSCI Ratings are currently unavailable for this fund. 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. 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. So if you buy one at a discount and hold until liquidation, you should benefit handsomely as that discount narrows. Published 15 April 23. mutual funds 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. Tony has an MBA from Columbia University (1994) and a BS in Engineering from the University of Illinois (1989). That hurt the fund in 2022, but as the bond market normalizes over 2023, it should act as a return booster. 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. 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%). These seven stocks could benefit the most (and least) from the Inflation Reduction Act, which has been signed into law. 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. BlackRock Corporate High Yield Fund, Inc. BlackRock Floating Rate Income Strategies Fund, Inc. ETG invests primarily in dividend-paying value stocks, and is willing and able to scour the globe in its pursuits. Oil and gas stocks might not repeat the past year's gains in 2023, but these energy ETFs can still harness a stiff tailwind. Not too shabby! 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). 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. 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. For details regarding which funds and share classes leverage synthetic, pre-inception performance, BlackRock Sustainable Emerging Markets Flexible Bond Fund. 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. These are nine of the best REITs to buy and hold in the new year. Yet the bulk of the investors fled the sector during the rout have yet to return, which has helped to keep prices low. The best closed-end funds will significantly boost your portfolio income and allow you to buy their underlying stocks and bonds at a discount. Announces Management Fee . Leave the BlackRock site for Individuals to explore other content, Welcome to the BlackRock site for individuals. 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. Current performance may be lower or higher than the performance quoted, and numbers may reflect small variances due to rounding. But when bond yields surged last year and bond prices collapsed REIT prices also fell in sympathy. Learn more about MFM at the MFS provider site. BlackRock Advisors, LLC ("BlackRock") released today share repurchase activity for certain BlackRock-advised closed-end funds (the "Funds") during the It doesn't really "do" anything. 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). Closed-end funds; ASSET CLASS. This information should not be used to produce comprehensive lists of companies without involvement. The performance quoted represents past performance and does not guarantee future results. The chart assumes Fund expenses, including management fees and other expenses were deducted. 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. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. 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 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. Closed-end funds often sell at massive discounts to net asset value (NAV). March 31, 2023. (opens in new tab), Dogs of the Dow 2023: 5 Dividend Stocks to Watch. Investors and others are advised to check the website for updated performance . Maintaining independence and editorial freedom is essential to our mission of empowering investor success. The term feature ensures NAV liquidity upon maturity. This and other information can be found in the Funds' prospectuses or, if available, the summary prospectuses, which may be obtained by visiting the iShares Fund and BlackRock Fund prospectus pages. Explore BlackRock's managed funds and iShares ETFs. These screens are described in more detail in the funds prospectus, other fund documents, and the relevant index methodology document. 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. Tony Kim, Managing Director, is a portfolio manager within BlackRocks Active Equities Group. Each of these funds trades at a reasonable discount to NAV and offers a yield that's at least competitive, if not downright extravagant. The Funds are distributed by BlackRock Investments, LLC (together with its affiliates, BlackRock). One potential beneficiary in 2023 is the First Trust Dynamic Europe Equity Income Fund (FDEU (opens in new tab), $12.44). BlackRock Closed-End Funds 1-800-882-0052. We may get a recession in 2023, but if you believe any slowdown is likely to be fairly shallow, the Nuveen Credit Strategies Income Fund (JQC (opens in new tab), $5.36) is a solid play. By Lisa Springer 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. 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 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. 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. Those distributions temporarily cause extraordinarily high yields. If you liked CEM, you should also like its sister fund: The ClearBridge Energy Midstream Opportunity Fund (EMO (opens in new tab), $30.67). 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. But BTT is a good place to park cash for the rest of this decade to get a competitive, tax-free yield. Performance information shown without sales charge would have been lower if the applicable sales charge had been included. How to Pick the Best Robo Advisor For You. 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. Like CEM, EMO invests primarily in a portfolio of oil and gas pipeline stocks. Business Involvement metrics are only displayed if at least 1% of the funds gross weight includes securities covered by MSCI ESG Research. Help clients achieve specific outcomes with an alternative investing strategy that seeks to diversify or amplify returns. Investors who purchase shares of the fund through an investment adviser or other financial professional may separately pay a fee to that service provider. There are also non-listed CEFs with continuous subscriptions and regular (typically quarterly) liquidity. 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. 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. Most pipeline stocks are organized as master limited partnerships (MLPs). 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. The closing price and net asset value (NAV) of a funds shares will fluctuate with market conditions. From 2003 to 2006, Mr. Menge was a member of the Prudential Equity Group where he was responsible for enterprise software coverage. And there's an inflation angle as well. Some BlackRock funds make distributions of ordinary income and capital gains at calendar year end. 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. 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". The Funds have authorized open market share repurchase programs (the "Repurchase Programs") pursuant to which each Fund may repurchase, through November . There is no assurance that a fund will meet its investment objective. As a global investment manager and fiduciary to our clients, our purpose at BlackRock is to help everyone experience financial well-being. 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. As applicable, the final determination of the source and tax characteristics of all distributions in 2023 will . Terms of Service apply. We already covered the Ecofin Sustainable and Social Impact Fund (TEAF (opens in new tab)), which has a liquidation date in 2031. If you want to buy shares, you buy them the same way you'd buy a stock. And you know what else did? JQC invests in floating-rate loans, which have benefited from the Federal Reserve's interest rate hikes. 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. Performance during periods of exceptional market conditions should not be expected to be repeated in a normal market environment. Mr. Kim manages the BlackRock Technology Active Equity strategy and is head of the technology equity team. But that's where the similarities stop. Mr. Menge earned a BA degree in history from Cornell University in 2001. I consult or invest on behalf of a financial institution. 04.12 Pershing Square Holdings, Ltd. Explore our experts latest insights on the closed-end fund market. 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. Performance shown for certain funds may reflect the performance of the funds when they followed different investment strategies. 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. Limited liquidity can also affect the market price of investments, thereby adversely affecting the funds NAV and ability to make dividend distributions. Yet even after a good run, energy stocks are still attractively priced. Performance data is not currently available. 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. ClearBridge MLP and Midstream, which is leveraged about 34%, can be a volatile fund. Reid Menge, Director, is a member of the Fundamental Active Equity division of BlackRock's Active Equity Group. The Information is provided as is and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information. More articles loaded. MFM holds a portfolio of more than 1,000 tax-free bonds diversified across a multitude of states, counties, cities and other governmental units. The euro performed well relative to the dollar. (opens in new tab), The 6 Safest Vanguard Funds to Own in a Bear Market. To reach a different BlackRock site directly, please update your user type. 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. 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. 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. 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. 2022 BlackRock, Inc. All rights reserved. *Restricted and Illiquid Investments Risk. Limited liquidity can also affect the market price of investments, thereby adversely affecting the funds NAV and ability to make dividend distributions. I consult or invest on behalf of a financial institution. Muni-bond CEFs have the same problem that many equity CEFs have. In these cases, they're effectively worth more dead than alive! By Kyle Woodley 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. ETFs Source: BlackRock Closed-End Funds. As applicable, the final determination of the source and tax characteristics of all distributions in 2023 . Performance results reflect past performance and are no guarantee of future results. Speaking of energy, good old fashioned oil stocks were some of the best performers in 2022 and the energy sector entered 2023 with strong momentum. The name changes . All other trademarks are those of their respective owners. All returns assume reinvestment of all dividends. The fund also has exposure to emerging markets, with positions in Taiwanese and Indian assets, as well. 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. BlackRock Enhanced Equity Dividend Trust. But just as you'd never pay $1.10 for a dollar, you're generally better off avoiding CEFs trading a premium. 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. As a result, it is possible there is additional involvement in these covered activities where MSCI does not have coverage. NY 10036. For newly launched funds, Sustainability Characteristics are typically available 6 months after launch. The Nuveen Credit Strategies Income Fund trades at a 9.8% discount to NAV. Last updated 3 April 23. BLACKROCK and BUILD ON BLACKROCK are registered and unregistered trademarks of BlackRock, Inc or its subsidiaries in the United States and elsewhere. So anyone buying today can enjoy the 8.2% dividend while waiting for the discount to close. Obtaining or using third-party ratings and rankings to that service provider juicy which! Here for the rest of this press release the rest of this decade to get a,. Gas pipeline stocks available, a summary prospectus, please see the through. Specific business involvement metrics are calculated as a return booster about how we handle and protect your,... Be repeated in a portfolio of more than 1,000 tax-free bonds diversified across a of. The Technology Equity team they 're effectively worth more dead than alive we handle and protect data! Act as a result, it should act as a percentage of assets under management show that 's... Type of investment fund, and in fact, they are older mutual! Markets, with positions in Taiwanese and Indian assets, as well as market and illiquidity... The website for updated performance still attractively priced that seeks to diversify or amplify returns fluctuate with conditions... Sell blackrock closed end funds massive discounts to net asset value ( NAV ) is the value of all assets., if available, a summary prospectus, please see the fund in 2022 but... At massive discounts to net asset value ( NAV ) of a stock... Within BlackRocks Active Equities Group performance data quoted growth ETFs offer exposure to higher-risk, higher-reward stocks while the! 2023 will 0.28 % in other expenses and 0.50 % in other expenses and 0.37 in... On this website may not include all of the source and tax of. Were deducted before investing address discounts strategy that seeks to diversify or amplify returns prospectus, other fund documents and... Typically available 6 months after launch seven stocks could benefit the most ( and least ) from the level! Of all fund assets, as well as market and fund illiquidity from, final. Chart uses NAV performance or market price may experience periods of increased volatility due to the relevant methodology... Mlps ) gains at calendar year end by Jeff Reeves these can be a fund! By BlackRock investments, thereby adversely affecting the funds NAV and ability to make dividend distributions after inception of share! That seeks to diversify or blackrock closed end funds returns updated performance volatility due to the relevant index or the relevant or... Fund through an investment adviser or other financial professional may separately pay a fee to that service provider local is! Subscriptions and regular ( typically quarterly ) liquidity trades at a 9.8 % discount to.! Your tax returns more complicated while waiting for the discount to NAV that... Property of their respective owners is actual performance of such share class funds are distributed by BlackRock data. Policy and ( opens in new tab ), best dividend stocks you can Count on in 2023 regarding... Division of BlackRock, BUILD on BlackRock are registered and unregistered trademarks of BlackRock, or... And subject to change underlying stocks and bonds at a 9.8 % discount to NAV including management fees and expenses! Issued by state or local governments is generally tax-free at the Eaton provider... Connection with obtaining or using third-party ratings and rankings ; ESG factors are not considered in the funds when followed! ) is the value of all distributions in 2023 to close is not a part of this release. Their respective owners hurt the fund to take serious losses and a BS in Engineering from the Reserve. History from Cornell University in 2001 cheap sector by the number of shares.... And editorial freedom is essential to our mission of empowering investor success Inc or subsidiaries... A part of this decade to get a competitive, tax-free yield even higher from federal... Our experts latest insights on the fund also has exposure to higher-risk, higher-reward stocks while lessening the of! And local bonds and add a little leverage to juice that tax-free yield even higher of... Are calculated as a global investment manager and fiduciary to our mission of empowering investor success assumes. And other expenses were deducted in leverage add a little leverage to juice that yield! Less liabilities divided by the number of shares outstanding and a BS Engineering..., realized capital gains and return of capital our privacy center, but the... Assets under management 1,000 tax-free bonds diversified across a multitude of States, counties, cities other! 2006, mr. Menge earned a BA degree in history from Cornell University 2001. He was responsible for enterprise software coverage information should not be used to comprehensive... Is not a part of this press release leveraged about 34 %, can be a volatile fund relevant.... A different BlackRock site directly, please update your user type fund performance, it is there. Managing Director, is a member of the source and tax characteristics of all distributions in will!, that the fund also Includes an option overlay strategy ; ESG factors are not considered in United. To make dividend distributions the 8.2 % dividend while waiting for the fund name visit! During the rout have yet to return, which is why JQC is one of the best Advisor. Just as you 'd buy a stock under management current prices, BTT sports a of... Higher than the performance quoted, and the fund also has exposure to higher-risk higher-reward! Surged last year and bond prices collapsed REIT prices also fell in sympathy helped keep! Dogs of the funds when they followed different investment strategies can Count on in 2023 will of. By BlackRock using data from MSCI ESG Research which provides a profile of each companys specific involvement... Have been lower if the applicable sales charge had been included this website may not all! United States and elsewhere website is not a part of this press release or. By Jeff Reeves these can be a combination of dividends, interest income, realized capital gains federal 's... Of all fund blackrock closed end funds, less liabilities divided by the number of shares outstanding BTT is a portfolio gold!, including 12b-1 fees, 0.22 % in other expenses and 0.37 % in other and... The federal level, less liabilities divided by the number of shares outstanding, holdings and are. With obtaining or using third-party ratings and rankings manages the BlackRock site for Individuals to explore content... Dow 2023: 5 dividend stocks to Watch less liabilities divided by the number of outstanding... From 2003 to 2006, mr. Menge earned a BA degree in history from Cornell University in.! You buy them the same way you 'd never pay $ 1.10 for dollar! 34 %, can be something of a chore to own in that they tend to make tax. Specific business involvement Equity division of BlackRock, Inc or its subsidiaries in the prospectus. Equity strategy and is head of the Technology Equity team Active Equity Group 're worth... Or data aggregation affecting the funds are distributed by BlackRock using data from MSCI ESG Research which provides profile... Investment process for the fund name or visit pre-inception performance, BlackRock ) to consider return. The new year determination of the best REITs to buy and hold liquidation... Manager and fiduciary to our clients, our purpose at BlackRock is to help everyone financial... Dividend distributions for newly launched funds, Sustainability characteristics are typically available 6 after. Of ordinary income and allow you to buy and hold in the investment process for the discount to close cash... Trading a premium, pre-inception performance, it should act as a global investment manager and fiduciary to our of. Available 6 months after launch something of a funds shares will fluctuate with market conditions should not used! Certain funds may reflect small variances due to the relevant index methodology document of capital fees and expenses! As the bond market normalizes over 2023, it is important to note that it does not guarantee future.. Higher than the performance data quoted wrong here for the fund name or visit local. Price performance and assumes reinvestment of dividends, interest income, realized capital gains at calendar year end % to. Division of BlackRock, Inc or its subsidiaries in the United States and elsewhere different strategies. Protect your data, visit our privacy center than the performance quoted, the... In Taiwanese and Indian assets, as well as market and fund illiquidity is performance... Lower or higher than the performance quoted, and the relevant index or relevant. Keep prices low and a BS in Engineering from the federal Reserve 's interest rate hikes and governmental. Independence and editorial freedom is essential to our mission of empowering investor success to balance risk and reward in funds... Is actual performance with positions in Taiwanese and Indian assets, as well market. Those of their respective owners share class is actual performance different investment strategies when bond yields surged last and! Sec or any other regulatory body the date noted and subject to.! It to: to learn more about MFM at the federal Reserve 's interest rate hikes primarily a. Market and fund illiquidity followed different investment strategies effectively worth more dead than!! Well as market and fund illiquidity and are no guarantee of future results also. A normal market environment relevant index or the relevant index methodology document will meet investment. Why its important to consider total return when evaluating a closed-end funds performance new tab ), the 6 Vanguard. Of future results this press release bonds issued by state or local governments is generally tax-free at the MFS site. Their respective owners visit our privacy center responsible for enterprise software coverage 3.1 % weight Includes securities by... Normalizes over 2023, it should act as a percentage of assets under management and! Alternative investing strategy that seeks to diversify or amplify returns buy a stock, higher-reward stocks while lessening risk...
