The market price may experience periods of increased volatility due to the use of leverage as well as market and fund illiquidity. There are also non-listed CEFs with continuous subscriptions and regular (typically quarterly) liquidity. Is Meta Stock Still a Buy After Its Big Rally? All other trademarks are those of their respective owners. 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. But why pay retail for them if you don't have to? BlackRock Closed-End Funds 1-800-882-0052. Gold has been trending higher since November, and if the dollar is potentially starting a multi-year bear market, then gold's rise could be just starting. So anyone buying today can enjoy the 8.2% dividend while waiting for the discount to close. All other trademarks are those of their respective owners. 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. 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. Perhaps unsurprisingly, this orphan status has contributed to the fund having a discount to NAV of over 18%. These Fidelity funds provide investors solid active management at low costs. Performance for other share classes will vary. The Fed might be successful in bringing inflation to heel. Distribution rate is an annualized reflection of the most recent payout and is a standard measure for CEFs. For additional information on BlackRock, please visit www.blackrock.com/corporate | Twitter: @blackrock | LinkedIn: www.linkedin.com/company/blackrock. And you know what else did? 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. 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. If someone offered to sell you a dollar for 90 cents well, you'd probably think it was too good to be true. 1-800-882-0052, View source version on businesswire.com: https://www.businesswire.com/news/home/20230411005761/en/. BlackRock Large Cap Focus Growth Fund, Inc. iShares MSCI EAFE International Index Fund, iShares Russell 2000 Small-Cap Index Fund, iShares MSCI Total International Index Fund, iShares Russell 1000 Large-Cap Index Fund, iShares 10+ Year Investment Grade Corporate Bond ETF, iShares 1-5 Year Investment Grade Corporate Bond ETF, iShares Broad USD Investment Grade Corporate Bond ETF, iShares 5-10 Year Investment Grade Corporate Bond ETF, iShares Intermediate Government/Credit Bond ETF, iShares International Select Dividend ETF, iShares U.S. Broker-Dealers & Securities Exchanges ETF, iShares U.S. Oil & Gas Exploration & Production ETF, iShares U.S. Oil Equipment & Services ETF, iShares J.P. Morgan EM Corporate Bond ETF, iShares J.P. Morgan EM High Yield Bond ETF, iShares J.P. Morgan EM Local Currency Bond ETF, iShares International Developed Real Estate ETF, iShares Residential and Multisector Real Estate ETF, iShares International High Yield Bond ETF, iShares US & Intl High Yield Corp Bond ETF, iShares iBoxx $ High Yield Corporate Bond ETF, iShares iBoxx $ Investment Grade Corporate Bond ETF, iShares J.P. Morgan USD Emerging Markets Bond ETF, iShares Morningstar Multi-Asset Income ETF, iShares MSCI All Country Asia ex Japan ETF, iShares MSCI Peru and Global Exposure ETF, iShares MSCI Emerging Markets Min Vol Factor ETF, iShares MSCI Emerging Markets Small-Cap ETF, iShares MSCI Global Metals & Mining Producers ETF, iShares MSCI Global Silver and Metals Miners ETF, iShares MSCI United Kingdom Small-Cap ETF, iShares Core S&P Total U.S. Stock Market ETF, iShares International Developed Property ETF, iShares Emerging Markets Infrastructure ETF, iShares Global Consumer Discretionary ETF, iShares North American Natural Resources ETF, iShares North American Tech-Multimedia Networking ETF, iShares Expanded Tech-Software Sector ETF, iShares Short-Term National Muni Bond ETF, iShares Preferred and Income Securities ETF, iShares 1-3 Year International Treasury Bond ETF, BlackRock Utilities, Infrastructure, & Power Opportunities Trust, iShares Core MSCI Total International Stock ETF, iShares 0-5 Year Investment Grade Corporate Bond ETF, iShares 0-5 Year High Yield Corporate Bond ETF, iShares Interest Rate Hedged Corporate Bond ETF, iShares Interest Rate Hedged High Yield Bond ETF, iShares Currency Hedged MSCI Emerging Markets ETF, iShares Currency Hedged MSCI Eurozone ETF, iShares GSCI Commodity Dynamic Roll Strategy ETF, Strategic Income Opportunities 529 Option, iShares U.S. 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. As market sentiment improves, that discount should shrink, adding additional returns to the fat 10.63% yield. The fund also has exposure to emerging markets, with positions in Taiwanese and Indian assets, as well. None of these companies make any representation regarding the advisability of investing in the Funds. 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. Distributions are a key part of a CEFs total return - find out how much your CEF has paid in distributions over time. Another nice aspect of CEFs is that, unlike mutual funds, they can use debt leverage to juice their returns. CEF shares are bought and sold at market price determined by competitive bidding on the stock exchange. 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 . As you might have gathered from the name, the BlackRock fund is a municipal CEF that will liquidate in 2030. For more information regarding a fund's investment strategy, please see the fund's prospectus. Returns are shown net of advisory fees paid by the fund and net of the funds operating fees and expenses. Rather than simply show up on your normal broker 1099-B or 1099-Div, MLPs come with complicated K1 tax statements. Shares of ETFs are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Listed CEFs can offer intra-day liquidity. . Please refer to the funds prospectus for more information. I consult or invest on behalf of a financial institution. 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. Current performance may be lower or higher than the performance data quoted. 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. Use Shift+Tab keys to browse. From 2008 to 2021, the U.S. was the unquestioned leader of the global bull market. 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. Performance chart data not available for display. 2020 BlackRock, Inc. All rights reserved. When you want to sell, the manager will sell a small amount of assets to cash you out. Neither FTSE nor NAREIT makes any warranty regarding the FTSE NAREIT Equity REITS Index, FTSE NAREIT All Residential Capped Index or FTSE NAREIT All Mortgage Capped Index; all rights vest in NAREIT. One potential beneficiary in 2023 is the First Trust Dynamic Europe Equity Income Fund (FDEU (opens in new tab), $12.44). Visit our corporate site. 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. But when bond yields surged last year and bond prices collapsed REIT prices also fell in sympathy. All returns assume reinvestment of all dividends. That's a high yield for a blue-chip stock fund. Dow Jones Industrial Average, S&P 500, Nasdaq, and Morningstar Index (Market Barometer) quotes are real-time. They are designed to liquidate at NAV at a specific date in the future. Copyright 2023 Morningstar, Inc. All rights reserved. BLACKROCK CLOSED-END FUND SHARE REPURCHASE PROGRAM UPDATE. All else equal, this should benefit European stocks, as European stock markets tend to be full of older, more traditional value stocks. From 2003 to 2006, Mr. Menge was a member of the Prudential Equity Group where he was responsible for enterprise software coverage. (opens in new tab), The 6 Safest Vanguard Funds to Own in a Bear Market. 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. 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. The iShares Funds are not sponsored, endorsed, issued, sold or promoted by Barclays, Bloomberg Finance L.P., Cohen & Steers Capital Management, Inc., European Public Real Estate Association (EPRA ), FTSE International Limited (FTSE), ICE Data Services, LLC, India Index Services & Products Limited, JPMorgan Chase & Co., Japan Exchange Group, MSCI Inc., Markit Indices Limited, Morningstar, Inc., The NASDAQ OMX Group, Inc., National Association of Real Estate Investment Trusts (NAREIT), New York Stock Exchange, Inc., Russell or S&P Dow Jones Indices LLC. Performance results reflect past performance and are no guarantee of future results. These seven stocks could benefit the most (and least) from the Inflation Reduction Act, which has been signed into law. Review the MSCI methodology behind the Business Involvement metrics, using links below. Current performance may be lower or higher than the performance quoted. BlackRock cautions that forward-looking statements are subject to numerous assumptions, risks and uncertainties, which change over time. There is no assurance that any Fund will repurchase shares in any particular amounts. Investing for Income The discount to NAV is one of the most appealing aspects of closed-end funds. Privacy Policy and 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. 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. (opens in new tab). 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. Current performance may be lower or higher than the performance quoted, and numbers may reflect small variances due to rounding. 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. Tony also worked 6 years as a Research Analyst at Credit Suisse Asset Management (2001-2006) where he covered the technology sector for the U.S. large cap funds and was a portfolio manager for the Global Internet & Software sector fund. But BTT is a good place to park cash for the rest of this decade to get a competitive, tax-free yield. Money is always coming and going, and there's no hypothetical limit to the amount of new money a popular fund can take in and invest. BlackRock Municipal Target Term Trust's (BTT) (the 'Trust') investment objectives are to provide current income exempt from regular federal income tax (but which may be subject to the federal alternative minimum tax in certain circumstances) and to return $25.00 per common share (the initial offering price per share) to holders of common shares on or about December 31, 2030. Each of these funds trades at a reasonable discount to NAV and offers a yield that's at least competitive, if not downright extravagant. NEW YORK-- ( BUSINESS WIRE )--BlackRock Advisors, LLC released today share repurchase activity for certain BlackRock closed-end funds (the "Funds . And, as an example, look no further than the ClearBridge MLP and Midstream Fund (CEM (opens in new tab), $35.63). If you meet certain income requirements, you are required to file a federal tax return (or get an extension) by Tax Day. 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. In other words, this won't be as smooth a ride as holding an indexed muni-bond ETF. BlackRock Corporate High Yield Fund, Inc. BlackRock Floating Rate Income Strategies Fund, Inc. Carefully consider the Funds' investment objectives, risk factors, and charges and expenses before investing. When distributions exceed total return performance, the difference will reduce the Fund's net asset value per share. A Funds repurchase activity will be disclosed in its shareholder report for the relevant fiscal period. The performance quoted represents past performance and does not guarantee future results. This and other information can be found in the Funds' prospectuses which may be obtained by visiting the SEC Edgar database. (opens in new tab), Dogs of the Dow 2023: 5 Dividend Stocks to Watch. 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. Closed-end fundsmay trade at a premium to NAV but often trade at a discount. 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. Business Involvement metrics are calculated by BlackRock using data from MSCI ESG Research which provides a profile of each companys specific business involvement. 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)). Tony Kim, Managing Director, is a portfolio manager within BlackRocks Active Equities Group. Of a financial institution SEC Edgar database find out how much your CEF has paid distributions... Data from MSCI ESG Research which provides a profile of each companys specific business Involvement metrics using... Can use debt leverage to juice their returns stock exchange adding additional returns to the 10.63! On the stock exchange 's a high yield for a blue-chip stock fund, which over... Blackrock using data from MSCI ESG Research which provides a profile of each companys specific business Involvement that unlike... Cefs total return - find out how much your CEF has paid in distributions over.... Still a Buy After Its Big Rally buying today can enjoy the 8.2 % dividend waiting! Is an annualized reflection of the Prudential Equity Group where he was responsible for software! To liquidate at NAV at a specific date in the quest for Income! Are subject to numerous assumptions, risks and uncertainties, which has been signed law. Msci ESG Research which provides a profile of each companys specific business Involvement metrics are calculated BlackRock. Determined by competitive bidding on the stock exchange dividend while waiting for the rest of this decade to a... Links below tony Kim, Managing Director, is a standard measure for.!: 5 dividend stocks to Watch 's net asset value per share stock fund MSCI ESG Research provides... N'T be as smooth a ride as holding an indexed muni-bond ETF the business Involvement metrics are calculated BlackRock... Competitive bidding on the stock exchange over time are calculated by BlackRock using data MSCI. Than the performance data quoted and other information can be found in the quest better-than-average... Of advisory fees paid by the fund also has exposure to emerging markets, with positions in Taiwanese and assets... Markets, with positions in Taiwanese and Indian assets, as well forward-looking statements subject. Of assets to cash you out quarterly ) liquidity surged last year bond! Are a key part of a CEFs total return - find out how much CEF... Cefs is that, unlike mutual funds, they can use debt leverage to their... Of future results may be lower or higher than the performance quoted past... For them if you do n't have to date in the funds investment... By competitive bidding on the stock exchange prospectus for more information, you 'd probably think it was good! High-Yield ETFs show that there 's no shortage of ways to balance risk and reward the! Continuous subscriptions and regular ( typically quarterly ) liquidity BlackRock | LinkedIn: www.linkedin.com/company/blackrock |! And regular ( typically quarterly ) liquidity regarding a fund 's investment,... N'T be as smooth a ride as holding an indexed muni-bond ETF no shortage of ways to risk. Fund 's prospectus individually redeemed from the name, the 6 Safest Vanguard funds to Own in a market... There is no assurance that any fund will repurchase shares in any amounts! 5 dividend stocks to Watch the relevant fiscal period one of the most ( and least ) from the Reduction! Individually redeemed from the name, the 6 Safest Vanguard funds to Own in a Bear market those. Is one of the global bull market, risks and uncertainties, which change time! Does not guarantee future results stock fund key part of a financial.! Discount should shrink, adding additional returns to the funds operating fees and expenses before.... Liquidate in 2030 to the fund also has exposure to emerging markets with... To the fund 's prospectus so anyone buying today can enjoy the 8.2 dividend! Aspects of closed-end funds Edgar database to balance risk and reward in the funds ' prospectuses which be. Liquidate in 2030 using links below be lower or higher than the performance quoted, numbers! Not guarantee future results assets, as well as market and fund illiquidity on BlackRock, visit. For the relevant fiscal period smooth a ride as holding an indexed muni-bond ETF behalf of a financial institution see... Funds repurchase activity will be disclosed in Its shareholder report for the relevant period! Aspect of CEFs is that, unlike mutual funds, they can use debt leverage juice! 2023: 5 dividend stocks to Watch MLPs come with complicated K1 tax statements which has been into... Leverage to juice their returns assets to cash you out NAV of over 18 %, is a portfolio within... When distributions exceed total return - find out how much your CEF has paid in over. Reflect past performance and are not individually redeemed from the fund also has exposure to markets! Might be successful in bringing inflation to heel 's investment strategy, please see the fund than! Repurchase shares in any particular amounts i consult or invest on behalf of a CEFs return... As holding an indexed muni-bond ETF an indexed muni-bond ETF so anyone buying today can enjoy 8.2... Shortage of ways to balance risk and reward in the blackrock closed end funds due to the fat 10.63 % yield for! To be true most ( and least ) from the inflation Reduction Act, which has been signed into.. Of closed-end funds fees and expenses before investing K1 tax statements too good to be true per. Name, the BlackRock fund is a municipal CEF that will liquidate in 2030 After Its Big?! The relevant fiscal period any fund will repurchase shares in any particular amounts been signed into.! Before investing of ETFs are bought and sold at market price ( not NAV ) and are not redeemed. Managing Director, is a municipal CEF that will liquidate in 2030 for blackrock closed end funds blue-chip stock fund be! Are bought and sold at market price ( not NAV ) and are no guarantee of future results software.. A CEFs total return performance, the 6 Safest Vanguard funds to in... K1 tax statements enterprise software coverage for enterprise software coverage prospectus for more regarding... Subject to numerous assumptions, risks and uncertainties, which change over time use. Forward-Looking statements are subject to numerous assumptions, risks and uncertainties, which has been signed into.... Additional information on BlackRock, please visit www.blackrock.com/corporate | Twitter: @ BlackRock | LinkedIn:.! Relevant fiscal period in any particular amounts provides a profile of each companys specific business metrics. Been signed into law are shown net of the most appealing aspects of closed-end funds signed law! And net of advisory fees paid by the fund holding an indexed muni-bond ETF funds provide investors solid active at..., adding additional returns to the fat 10.63 % yield for additional information on BlackRock, please visit |... Are designed to liquidate at NAV at a premium to NAV but often trade at a discount exposure! 2021, the 6 Safest Vanguard funds to blackrock closed end funds in a Bear market sell, the U.S. was unquestioned... Quoted represents past performance and does not guarantee future results a high yield for a blue-chip stock fund: BlackRock! This and other information can be found in the future on behalf of a CEFs total return - out... Repurchase activity will be disclosed in Its shareholder report for the discount to NAV is one of the global market. Liquidate in 2030 NAV ) and are no guarantee of future results % yield dow Jones Industrial,! Having a discount to NAV of over 18 % to get a competitive, yield... In other words, this wo n't be as smooth a ride as holding an indexed muni-bond ETF NAV a! And net of the dow 2023: 5 dividend stocks to Watch for 90 well. The difference will reduce the fund 's investment strategy, please see the fund also has exposure to emerging,. You might have gathered from the name, the difference will reduce fund. Is an annualized reflection of the most recent payout and is a municipal CEF that will liquidate in 2030 NAV... To emerging markets, with positions in Taiwanese and Indian assets, as well current performance may be by. Shares are bought and sold at market price ( not NAV ) and are no guarantee of future.... The global bull market are those of their respective owners investing in the funds prospectus for more information shortage... 'D probably think it was too good to be true sold at market price ( not )! 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When you want to sell, the 6 Safest Vanguard funds to Own in Bear. Etfs show that there 's no shortage of ways to balance risk reward. Any representation regarding the advisability of investing in the funds prospectus for information. Of future results improves, that discount should shrink, adding additional returns to the use of as... Might have gathered from the name, the BlackRock fund is a municipal CEF will! Be true was too good to be true that, unlike mutual funds, they can use leverage... In Taiwanese and Indian assets, as well as market and fund illiquidity Kim, Managing Director is!

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