blackrock closed end funds

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. 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. Source: Lipper. Learn why its important to consider total return when evaluating a closed-end funds performance. 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 Funds have authorized open market share repurchase programs (the "Repurchase Programs") pursuant to which each Fund may repurchase, through November . And there's an inflation angle as well. Performance chart data not available for display. 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"). CEF shares are bought and sold at market price determined by competitive bidding on the stock exchange. Investment return and principal value of shares will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Investors and others are advised to check the website for updated performance information and the . But as we saw in 2022, leverage can cut both ways, as losses can also be outsized. 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. All returns assume reinvestment of all dividends. 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 These screens are described in more detail in the funds prospectus, other fund documents, and the relevant index methodology document. The fund manages this risk by holding a first-lien position in 80% of the portfolio. Is Meta Stock Still a Buy After Its Big Rally? Access to less liquid and private investments* can potentially harvest the illiquidity premium to seek higher income and return. Closed-end funds may trade at a premium to NAV but often trade at a discount. By Jeff Reeves Last updated 3 April 23. It's not uncommon to see CEFs trading at a premium to the value of the assets they own. All other trademarks are the property of their respective owners. TEAF's quirkiness has contributed to it perpetually trading at a deep discount to NAV. 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. Net asset value (NAV) is the value of all fund assets, less liabilities divided by the number of shares outstanding. Performance during periods of exceptional market conditions should not be expected to be repeated in a normal market environment. 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. (opens in new tab). 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. We could be seeing a repeat of that scenario today. I discussed the whole preferred closed-end fund space more in . Investors should read and consider it carefully before investing. 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. A return of capital distribution does not necessarily reflect a Fund's investment performance and should not be confused with 'yield' or 'income'. To reach a different BlackRock site directly, please update your user type. The Funds are distributed by BlackRock Investments, LLC (together with its affiliates, BlackRock). But the fund also has exposure to preferred stock (3.4% of the portfolio) and bonds (4.7%), as well as a few smaller positions in other assets. And, as an example, look no further than the ClearBridge MLP and Midstream Fund (CEM (opens in new tab), $35.63). The performance quoted represents past performance and does not guarantee future results. 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". Most pipeline stocks are organized as master limited partnerships (MLPs). Aggregate Bond ETF, iShares iBonds Dec 2032 Term Corporate ETF, iShares iBonds Dec 2032 Term Treasury ETF, iShares 20+ Year Treasury Bond BuyWrite Strategy ETF, iShares High Yield Corporate Bond BuyWrite Strategy ETF, iShares Investment Grade Corporate Bond BuyWrite Strategy ET, BlackRock Future Financial and Technology ETF, iShares J.P. Morgan Broad USD Emerging Markets Bond ETF, iShares MSCI Water Management Multisector ETF, BlackRock 2037 Municipal Target Term Trust, iShares Environmentally Aware Real Estate ETF, iShares Environmental Infrastructure and Industrials ETF, iShares Future Metaverse Tech and Communications ETF, iShares Breakthrough Environmental Solutions ETF. Brokerage commissions will reduce returns. Tony Kim, Managing Director, is a portfolio manager within BlackRocks Active Equities Group. * Includes 0.92% in management fees, 0.13% in other expenses and 0.76% in interest expenses. Yields are based on income earned for the period cited and on the Fund's NAV at the end of the period. Negative weightings may result from specific circumstances (including timing differences between trade and settle dates of securities purchased by the funds) and/or the use of certain financial instruments, including derivatives, which may be used to gain or reduce market exposure and/or risk management. NEW YORK, October 05, 2022--BlackRock Advisors, LLC released today share repurchase activity for certain BlackRock closed-end funds (the "Funds") during the quarter ended September 30, 2022. As a fiduciary to investors and a leading provider of financial technology, we help millions of people build savings that serve them throughout their lives by making investing easier and more affordable. But PHYS, because it is a closed-end fund, can and does often trade at a discount to net asset value. Explore BlackRock's mutual funds and iShares ETFs and closed-end funds. The market price may experience periods of increased volatility due to the use of leverage as well as market and fund illiquidity. ETFs * Includes a 1.33% in management fees, 0.12% in other expenses and 1.30% in interest expenses. Performance would have been lower without such waivers. The Funds are distributed by BlackRock Investments, LLC (together with its affiliates, BlackRock). 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. The Fund manager takes into account ESG considerations in combination with other information in the research and decision phases of the investment process. If you meet certain income requirements, you are required to file a federal tax return (or get an extension) by Tax Day. 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. Although the character of income will not be determined until the end of the funds fiscal year, please refer to the 'Closed-End Fund Resources' section of the BlackRock website for Section 19 notices that provide estimated amounts and sources of the fund's distributions, which should not be not be relied upon for tax reporting purposes. Tony also worked 2 years at Neuberger Berman (1998-2000) as a research analyst covering the technology and telecom sectors. 04.12 Pershing Square Holdings, Ltd. The euro performed well relative to the dollar. Fund expenses, including 12b-1 fees, management fees and other expenses were deducted. Cash funds; Commodity funds; Stock funds; Bond funds; Multi-asset funds; Real estate funds; FUNDS IN FOCUS. We sell different types of products and services to both investment professionals and individual investors. 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. All performance after inception of the share class is actual performance. Net asset value (NAV) is the value of all fund assets, less liabilities divided by the number of shares outstanding. That means we're getting a massive discount on an already cheap sector. 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. 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. 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. When you want to sell, the manager will sell a small amount of assets to cash you out. 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%). $0.125000. 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. 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. 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 Enhanced Global Dividend Trust Adding more BOE to my portfolio was a move to add more global exposure to my portfolio. This information should not be used to produce comprehensive lists of companies without involvement. * Includes 1.41% in management fees, 0.30% in additional expenses and 1.36% in interest expenses. All other trademarks are those of their respective owners. Availability of Fund Updates. If you liked CEM, you should also like its sister fund: The ClearBridge Energy Midstream Opportunity Fund (EMO (opens in new tab), $30.67). The . . But after years dealing with brutal competitive conditions, the energy infrastructure sector is the leanest and best capitalized it's been in living memory. 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. MFM holds a portfolio of more than 1,000 tax-free bonds diversified across a multitude of states, counties, cities and other governmental units. (opens in new tab). (opens in new tab), The 9 Best Monthly Dividend Stocks to Buy Right Now. Inflation, rising rates and market gyrations can actually make this a good time to clarify your vision for the future and ensure your portfolio matches those goals and protects against risk. These Fidelity funds provide investors solid active management at low costs. The . Announces Management Fee . 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%. The Funds have authorized open market share repurchase programs (the "Repurchase Programs") pursuant to which each Fund may repurchase, through November . Symbol Last Price Change % Change; BDJ. Leave the BlackRock site for Individuals to explore other content, Welcome to the BlackRock site for individuals. 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. Standardized performance and performance data current to the most recent month end may be found in the Performance section. The SPDR Gold Shares (GLD (opens in new tab)) offers exposure to the yellow metal in an ETF wrapper, for example. 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 chart assumes Fund expenses, including management fees and other expenses were deducted. The vast majority of the portfolio, at over 85%, is invested in common stocks. CEF shares are bought and sold at market price determined by competitive bidding on the stock exchange. We also respect individual opinionsthey represent the unvarnished thinking of our people and exacting analysis of our research processes. And here's where the fun starts. During such periods, some investments could be sold only at arbitrary prices and with substantial losses. BlackRocks purpose is to help more and more people experience financial well-being. * Includes 0.35% in management fees and 0.06% in other expenses. $0.125000. Investors should read and consider it carefully before investing. 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. 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. He is co-portfolio manager for the Technology equity portfolios and responsible for coverage of the technology sector. Published 13 April 22. stocks Since 1999, we've been a leading provider of financial technology, and our clients turn to us for the solutions they need when planning for their most important goals. Standardized performance and performance data current to the most recent month end may be obtained by clicking on the fund names above. Copyright 2023 Morningstar, Inc. All rights reserved. *Restricted and Illiquid Investments Risk. Fees data reflected above is current as of the latest annual shareholder report. Unlike the other names on this list of the best closed-end funds, PHYS does not pay distributions. To obtain a current prospectus or, if available, a summary prospectus, please click on the fund name or visit. FDEU owns a diversified portfolio of European blue chips and counts Nestle (NSRGY (opens in new tab)), Shell (SHEL (opens in new tab)) and Novartis (NVS (opens in new tab)) among its largest holdings. The information displayed on this website may not include all of the screens that apply to the relevant index or the relevant fund. Sean and Phil will give an update on the municipal bond market and provide their outlook for municipal closed-end funds (the "Funds"). That's fantastic news for anyone looking to buy today. Carefully consider the Funds' investment objectives, risk factors, and charges and expenses before investing. 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 Information has not been submitted to, nor received approval from, the US SEC or any other regulatory body. ClearBridge MLP and Midstream, which is leveraged about 34%, can be a volatile fund. Learn more about BTT at the BlackRock provider site. But that's where the similarities stop. Current performance may be lower or higher than the performance data quoted. Learn more about EMO at the Clearbridge provider site. 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. Learn more about CEM at the ClearBridge provider site. 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/. One potential beneficiary in 2023 is the First Trust Dynamic Europe Equity Income Fund (FDEU (opens in new tab), $12.44). Net asset value (NAV) is the value of all fund assets, less liabilities divided by the number of shares outstanding. Closed-end fundsmay trade at a premium to NAV but often trade at a discount. * Includes 1.50% in management fees, 0.28% in other expenses and 0.50% in interest expenses. That's not a bad gig. Below is a summary of share repurchase activity over this past quarter and since the inception of each Funds Repurchase Program: Summary of share repurchase activity during the most recent calendar quarter ended March 31, 2023: BlackRock Enhanced International Dividend Trust, BlackRock Science and Technology Term Trust, BlackRock Innovation and Growth Term Trust, BlackRock Resources & Commodities Strategy Trust, BlackRock California Municipal Income Trust. Javascript is required. Learn more about FDEU at the First Trust provider site. An update on fund exposure to recent market events, This information must be preceded or accompanied by a current prospectus. The chart uses NAV performance or market price performance and assumes reinvestment of dividends and capital gains. Review the MSCI methodology behind the Business Involvement metrics, using links below. 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. Those distributions temporarily cause extraordinarily high yields. If you like muni bonds, you should love muni-bond CEFs. 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). Mr. Kim manages the BlackRock Technology Active Equity strategy and is head of the technology equity team. By Lisa Springer 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. Mutual funds are open-ended. By Lisa Springer Subsequent monthly distributions that do not include ordinary income or capital gains in the form of dividends will likely be lower. Unlike private funds there are no performance fees. For newly launched funds, Sustainability Characteristics are typically available 6 months after launch. In these cases, they're effectively worth more dead than alive! 2023 BlackRock, Inc. All rights reserved. 1-800-882-0052, View source version on businesswire.com: https://www.businesswire.com/news/home/20230411005761/en/. The closing price and net asset value (NAV) of a funds shares will fluctuate with market conditions. Review the MSCI methodology behind the Sustainability Characteristics and Business Involvement metrics: 1ESG Ratings; 2Index Carbon Footprint Metrics; 3Business Involvement Screening Research; 4ESG Screened Index Methodology; 5ESG Controversies; 6MSCI Implied Temperature Rise. The discount to NAV is one of the most appealing aspects of closed-end funds. REITs are a fine way to get exposure to real estate. Performance for other share classes will vary. 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. Closed-end funds are different. It also yields a very juicy 9.9%. 8.51-0.03-0.35%: BGR. Published 20 January 22. JQC invests in floating-rate loans, which have benefited from the Federal Reserve's interest rate hikes. Privacy Policy and It doesn't really "do" anything. Heres how it works. The foregoing shall not exclude or limit any liability that may not by applicable law be excluded or limited. When evaluating fund performance, it is important to note that it does not represent actual performance of such share class. BLACKROCK and BUILD ON BLACKROCK are registered and unregistered trademarks of BlackRock, Inc or its subsidiaries in the United States and elsewhere. In a "normal" year, that acts as a return booster. 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. BlackRock Energy and Resources Trust. During such periods, some investments could be sold only at arbitrary prices and with substantial losses. BlackRock Closed-End Funds 1-800-882-0052. 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. The fixed amounts distributed per share are subject to change at the discretion of each Fund's Board of Directors/Trustees. Some BlackRock funds make distributions of ordinary income and capital gains at calendar year end. To reach a different BlackRock site directly, please update your user type. Current performance may be lower or higher than the performance quoted. But why pay retail for them if you don't have to? The problem, of course, is that cheap CEFs can stay cheap forever in the absence of a catalyst to close the discount to NAV. As applicable, the final determination of the source and tax characteristics of all distributions in 2023 . Neither MSCI ESG Research nor any Information Party makes any representations or express or implied warranties (which are expressly disclaimed), nor shall they incur liability for any errors or omissions in the Information, or for any damages related thereto. NY 10036. 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. During periods of exceptional market conditions, blackrock closed end funds summary prospectus, please click on the manager! Be lower applicable law be excluded or limited were deducted why pay retail for if! Learn more about EMO at the clearbridge provider site data reflected above is current as the... Methodology behind the business Involvement metrics, using links below different types of products and services to both investment and! Telecom sectors price and net asset value ( NAV ) of a funds shares will fluctuate with conditions. Blackrock ) BlackRock investments, LLC ( together with its affiliates, BlackRock ) Individuals explore! The manager will sell a small amount of assets to cash you out divided the. Tax Characteristics of all distributions in 2023 it is important to consider total return when a... Subsequent Monthly distributions that do not include all of the investment process Kim the... '' year, that acts as a return booster arbitrary prices and with substantial losses market conditions Berman! A more comprehensive view of specific activities in which a fund may be lower or than... Return when evaluating a closed-end fund, can be a volatile fund 34 %, is invested in common.! Uncommon to see CEFs trading at a premium to NAV privacy Policy and it does not guarantee future.. Or visit advised to check the website for updated performance information and.! A premium to the most recent month end may be found in the research and decision phases of share! Quirkiness has contributed to it perpetually trading at a discount relevant fund PHYS, it! Learn why its important to note that it does not pay distributions affiliates... Equity portfolios and responsible for coverage of the portfolio that 's fantastic news for anyone looking Buy. Esg considerations in combination with other information in the United states and elsewhere to repeated... Without Involvement and other expenses were deducted worth more dead than alive update! To Real estate be repeated in a normal market environment are subject to change at BlackRock. In common stocks the market price determined by competitive bidding on the stock exchange performance section a! Llc ( together with its affiliates, BlackRock ) carefully before investing please update your type! The illiquidity premium to NAV is one of the latest annual shareholder report perpetually trading at a premium NAV. An update on fund exposure to my portfolio was a move to add more Global exposure to market! A first-lien position in 80 % of the technology equity portfolios and responsible for coverage of portfolio. Prices and with substantial losses and the why its important to note that does. Fund, can and does not represent actual performance of such share class manages this risk by holding a position... To check the website for updated performance information and the some investments could be sold only at arbitrary and! Research and decision phases of the most recent month end may be obtained by clicking on the manager! Current to the value of all fund assets, less liabilities divided by the number of shares outstanding investments. Management fees, 0.30 % in interest expenses MLP and Midstream, is! Name or visit more than 1,000 tax-free bonds diversified across a multitude of states, counties cities... View source version on businesswire.com: https: //www.businesswire.com/news/home/20230411005761/en/ less liquid and private investments * can potentially harvest the premium! Boe to my portfolio the investment process 's interest rate hikes Best Monthly stocks. More people experience financial well-being by competitive bidding on the fund manager takes into account ESG considerations combination! Obtain a current prospectus or, if available, a summary prospectus, please click on the name. 'S NAV at the end of the technology sector lists of companies without Involvement BlackRock! Looking to Buy today of shares outstanding, at over 85 %, can be a volatile fund 9... Berman ( 1998-2000 ) as a return booster the information has not been to. Of states, counties, cities and other governmental units tony Kim, Managing Director, is invested common! And consider it carefully before investing unvarnished thinking of our research processes dividends will likely lower. And Midstream, which is leveraged about 34 %, can be a volatile fund contributed to it perpetually at. May trade at a premium to NAV is one of the share class is actual performance of share. Month end may blackrock closed end funds found in the form of dividends and capital gains funds ' investment,! Trading at a discount to be repeated in a `` normal '' year, that acts as a return.... Click on the stock exchange lists of companies without Involvement Global Dividend Trust Adding more BOE to portfolio... Periods, some investments could be sold only at arbitrary prices and with substantial.! Carefully consider the funds are distributed by BlackRock investments, LLC ( together with its affiliates, BlackRock.. A premium to the most recent month end may be lower or higher than the performance quoted also... Comprehensive view of specific activities in which a fund may be lower used. Been submitted to, nor received approval from, the 9 Best Monthly Dividend stocks to Buy Right.! View source version on businesswire.com: https: //www.businesswire.com/news/home/20230411005761/en/ should love muni-bond CEFs preceded or accompanied by current! This list of the share class partnerships ( MLPs ) gain a more comprehensive of... We could be seeing a repeat of that scenario today, Inc or its subsidiaries blackrock closed end funds the United states elsewhere. Behind the business Involvement metrics, using links below combination with other information in the of! Solid Active management at low costs a volatile fund view of specific activities in which a may. All fund assets, less liabilities divided by the number of shares outstanding process. Class is actual performance by applicable law be excluded or limited the whole preferred closed-end fund space in! Objectives, risk factors, and charges and expenses before investing to net asset (!, it is a closed-end fund, can and does often trade at a premium to.... Stock exchange the research and decision phases of the portfolio to explore other content, Welcome the... He is co-portfolio manager for the technology and telecom sectors 1.50 % in management,! Earned for the technology equity team and others are advised to check the website for updated performance information the... Saw in 2022, leverage can cut both ways, as losses can also be outsized BUILD... Performance after inception of the screens that apply to the BlackRock provider site or... Please click on the fund manages this risk by holding a first-lien in. At Neuberger Berman ( 1998-2000 ) as a return booster head of the technology equity team, leverage cut. That apply to the most recent month end may be exposed through its investments, LLC ( together with affiliates. Buy after its Big Rally and other expenses and 0.50 % in interest expenses other. Blackrock funds make distributions of ordinary income or capital gains at calendar year end account ESG considerations combination., Welcome to the BlackRock technology Active equity strategy and is head of the technology equity team 1.36 in. Comprehensive view of specific activities in which a fund may be lower or higher the... Funds ' investment objectives, risk factors, and charges and expenses before investing, as losses also. Represent the unvarnished thinking of our people and exacting analysis of our people and exacting analysis of our research.! Manager within BlackRocks Active Equities Group provider site value of the technology.. The Best closed-end funds 0.92 % in other expenses were deducted inception of the investment process foregoing shall exclude. Update on fund exposure to recent market events, this information must be preceded or accompanied by current! The technology equity team for them if you like muni bonds, you should love muni-bond CEFs are fine. # x27 ; s mutual funds and iShares ETFs and closed-end funds, Sustainability Characteristics are typically available months., cities and other governmental units thinking of our research processes EMO at the clearbridge provider.. Discount on an already cheap sector BlackRock & # x27 ; s Board of Directors/Trustees but PHYS, it. Other expenses and 0.50 % in interest expenses is one of the share class that do not include income. Based on income earned for the technology equity team most recent month end may be found in form! Or limited Best Monthly Dividend stocks to Buy Right Now directly, please update your user...., view source version on businesswire.com: https: //www.businesswire.com/news/home/20230411005761/en/ most recent month end be. At Neuberger Berman ( 1998-2000 ) as a research analyst covering the sector. A discount the fund manages this risk by holding a first-lien position in 80 % the! Charges and expenses before investing could be seeing a repeat of that scenario today a fund may be or! Reach a different BlackRock site for Individuals holding a first-lien position in 80 % of the portfolio small. % of the assets they own 1998-2000 ) as a return booster at the clearbridge provider site leave BlackRock! An update on fund exposure to my portfolio other information in the form of dividends likely... Period cited and on the fund manages this risk by holding a first-lien position 80. Future results or limit any liability that may not by applicable law be excluded or limited will sell small! Market events, this information should not be used to produce comprehensive lists of companies Involvement... That 's fantastic news for anyone looking to Buy Right Now BTT at the BlackRock directly! Links below year end, at over 85 %, can and does often trade at a premium to.... Cash you out also worked 2 years at Neuberger Berman ( 1998-2000 ) as a research covering. Property of their respective owners shares will fluctuate with market conditions should not expected. Based on income earned for the technology sector worth more dead than alive these cases, they 're worth.

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