A Funds repurchase activity will be disclosed in its shareholder report for the relevant fiscal period. Javascript is required. Performance shown may reflect fee waivers and/or expense reimbursements by the investment advisor to the fund for some or all of the periods shown. When evaluating fund performance, it is important to note that it does not represent actual performance of such share class. The 20% in second-lien loans are riskier, of course, as the owner of a second lien generally gets whatever is left over after the senior creditors have been paid. Only time will tell. 2022 BlackRock, Inc. All rights reserved. Provide specific products and services to you, such as portfolio management or data aggregation. Fixed Income Balanced Risk Factor ETF, BlackRock Short Maturity Municipal Bond ETF, iShares iBonds Dec 2023 Term Corporate ETF, iShares iBonds Dec 2024 Term Corporate ETF, iShares iBonds Dec 2025 Term Corporate ETF, iShares Emerging Markets Equity Factor ETF, iShares International Small-Cap Equity Factor ETF, iShares Currency Hedged MSCI United Kingdom ETF, iShares Currency Hedged MSCI ACWI ex U.S. ETF, iShares Currency Hedged MSCI EAFE Small-Cap ETF, iShares Interest Rate Hedged Long-Term Corporate Bond ETF, iShares Total U.S. Stock Market Index Fund, BlackRock Sustainable Advantage Large Cap Core Fund, iShares Core International Aggregate Bond ETF, iShares iBonds Dec 2024 Term Muni Bond ETF, iShares iBonds Dec 2025 Term Muni Bond ETF, iShares MSCI Global Sustainable Development Goals ETF, iShares International Dividend Growth ETF, iShares ESG Advanced High Yield Corporate Bond ETF, BlackRock Sustainable Advantage CoreAlpha Bond Fund, iShares MSCI USA Small-Cap Min Vol Factor ETF, iShares iBonds Dec 2026 Term Corporate ETF, iShares Core MSCI International Developed Markets ETF, iShares iBonds Dec 2023 Term Muni Bond ETF, BlackRock GA Disciplined Volatility Equity Fund, BlackRock Sustainable Emerging Markets Bond Fund, iShares ESG Aware 1-5 Year USD Corporate Bond ETF, iShares MSCI Emerging Markets ex China ETF, iShares iBonds Dec 2027 Term Corporate ETF, iShares Broad USD High Yield Corporate Bond ETF, iShares U.S. Tech Independence Focused ETF, iShares Bloomberg Roll Select Commodity Strategy ETF, iShares Inflation Hedged Corporate Bond ETF, BlackRock College Advantage 529 - College, iShares Robotics and Artificial Intelligence Multisector ETF, iShares iBonds Dec 2028 Term Corporate ETF, iShares ESG Aware U.S. The closing price and net asset value (NAV) of a funds shares will fluctuate with market conditions. (opens in new tab), The 9 Best Monthly Dividend Stocks to Buy Right Now. The name changes . Today, we're going to take a look at the 10 best CEFs for 2023. Published 13 December 22. Net asset value (NAV) is the value of all fund assets, less liabilities divided by the number of shares outstanding. Term funds are CEFs with a shelf life. 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. Those distributions temporarily cause extraordinarily high yields. Oil and gas stocks might not repeat the past year's gains in 2023, but these energy ETFs can still harness a stiff tailwind. 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. 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. 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. So something has to go very wrong here for the fund to take serious losses. Current performance may be lower or higher than the performance quoted, and numbers may reflect small variances due to rounding. Returns are shown net of advisory fees paid by the fund and net of the funds operating fees and expenses. Business Involvement metrics are designed only to identify companies where MSCI has conducted research and identified as having involvement in the covered activity. (opens in new tab). Today, that discount is 2.5%. For additional details about which funds reflect the performance of the funds when they followed different investment strategies, please visitthis page. Certain closed-end funds may invest without limitation in illiquid or less liquid investments or . Business Involvement metrics are only displayed if at least 1% of the funds gross weight includes securities covered by MSCI ESG Research. 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. 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. Learn more about CEM at the ClearBridge provider site. Data reflects different methodology from the BlackRock calculated returns in the Returns tab. BlackRock Science and Technology Trust (BST), is a perpetual closed-end equity fund. These can be something of a chore to own in that they tend to make your tax returns more complicated. (opens in new tab). Past performance is not indicative of future results. Investors should note, however, that the fund is powered by a high 36% in leverage. BlackRock Advisors, LLC ("BlackRock") released today share repurchase activity for certain BlackRock-advised closed-end funds (the "Funds") during the Learn more about FDEU at the First Trust provider site. 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. * Includes 1.43% in management fees, 0.22% in other expenses and 0.37% in interest expenses. Listed CEFs can offer intra-day liquidity. 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. As a result, it is possible there is additional involvement in these covered activities where MSCI does not have coverage. Net asset value (NAV) is the value of all fund assets, less liabilities divided by the number of shares outstanding. The . At current prices, ETG trades at an 8.3% discount to net asset value and yields a very competitive 7.4%. Availability of Fund Updates. We already covered the Ecofin Sustainable and Social Impact Fund (TEAF (opens in new tab)), which has a liquidation date in 2031. Closed-end funds often sell at massive discounts to net asset value (NAV). When you want to invest, you or your broker sends cash to the fund, and the manager takes that fresh cash and uses it to buy assets. Prior to joining BlackRock in 2014, Mr. Menge was an associate director of equity research at UBS covering global technology. BlackRock to Host Municipal Closed-End Fund Update Call on April 6, 2023 at 2:00pm ET Press Release Actions Download Email Add to favorites Information Information Description: Dividend Press Release Publication date: Apr 5, 2023 Target Audience: For Individuals Product group: BlackRock Closed-End Funds Done TEAF's quirkiness has contributed to it perpetually trading at a deep discount to NAV. Shares of ETFs are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. MSCI Ratings are currently unavailable for this fund. 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. Under normal market conditions, the Trust will invest at least 80% of its total assets in equity securities . Yet even after a good run, energy stocks are still attractively priced. BlackRocks purpose is to help more and more people experience financial well-being. BlackRock Enhanced Equity Dividend Trust. 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. Standardized performance and performance data current to the most recent month end may be obtained by clicking on the fund names above. We could be seeing a repeat of that scenario today. 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. And here's the best part of all: CEM trades at a nearly 14% discount to NAV. These are nine of the best REITs to buy and hold in the new year. The information for these funds is provided for informational purposes only and does not constitute a solicitation of an offer to buy or sell Fund shares. 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. Tony also worked 2 years at Neuberger Berman (1998-2000) as a research analyst covering the technology and telecom sectors. REIT dividends allow investors to boost their income stream, making the yield-friendly sector all the more attractive especially during periods of high inflation. 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. In other words, this won't be as smooth a ride as holding an indexed muni-bond ETF. 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. If you like muni bonds, you should love muni-bond CEFs. CEFs have initial public offerings (IPOs) like stocks, and there is a fixed number of shares that then trade on the stock market. PHYS is not the only way to play gold, of course. In a stock picker's market, it's sometimes best to leave the driving to the pros. Or we might see several more quarters of high inflation. For newly launched funds, Sustainability Characteristics are typically available 6 months after launch. There is no assurance that any Fund will repurchase shares in any particular amounts. We provide a platform for our authors to report on investments fairly, accurately, and from the investors point of view. In This Story BGT BYM BTA MUI MUA BFK BKN BLE BTT MHD MQT MQY MUE MVT MYD MYI MVF MUC BFZ MIY MHN MYN MUJ BNY MPA BHV . The fund also has exposure to emerging markets, with positions in Taiwanese and Indian assets, as well. Had sales charge been included, returns would have been lower. Current performance may be lower or higher than the performance data quoted. Closed-end funds are different. But here's the fun part and what makes TEAF one of the best closed-end funds to own: The CEF is designed to liquidate in 2031. 2023 BlackRock, Inc. All rights reserved. ETG invests primarily in dividend-paying value stocks, and is willing and able to scour the globe in its pursuits. Gold went on to have a massive bull run that didn't top out until 2011. But just as you'd never pay $1.10 for a dollar, you're generally better off avoiding CEFs trading a premium. A return of capital may occur, for example, when some or all of a shareholder's investment is paid back to the shareholder. BlackRock Corporate High Yield Fund, Inc. BlackRock Floating Rate Income Strategies Fund, Inc. There are also non-listed CEFs with continuous subscriptions and regular (typically quarterly) liquidity. 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. 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. Tony Kim, Managing Director, is a portfolio manager within BlackRocks Active Equities Group. Source: BlackRock Closed-End Funds. From 2008 to 2021, the U.S. was the unquestioned leader of the global bull market. This information must be preceded or accompanied by a current prospectus. Resilient real estate stocks are an apt choice amid heightened inflation and market uncertainty. Investors and others are advised to check the website for updated performance information and the . EMO allows you to get access to some of the biggest and best names in the MLP space without all the irritating tax complications. These seven stocks could benefit the most (and least) from the Inflation Reduction Act, which has been signed into law. Mr. Menge began his investment career in 2001 at Credit Suisse First Boston as an analyst for fixed income sales. The Repurchase Programs seek to enhance shareholder value by purchasing Fund shares trading at a discount from their net asset value (NAV) per share, which could result in incremental accretion to a Funds NAV. But PHYS, because it is a closed-end fund, can and does often trade at a discount to net asset value. Announces Management Fee . Investors who purchase shares of the fund through an investment adviser or other financial professional may separately pay a fee to that service provider. 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. The discount to net asset value is noteworthy to investors seeking out the best closed-end funds because as recently as October of last year, ETG actually traded at a slight premium to net asset value. 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. Explore BlackRock's mutual funds and iShares ETFs and closed-end funds. As you might have gathered from the name, the BlackRock fund is a municipal CEF that will liquidate in 2030. 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%. iBONDS,BLACKROCK,BUILD ON BLACKROCKandiSHARESare registered and unregistered trademarks of BlackRock, Inc or its subsidiaries in the United States and elsewhere. Get the latest news on BlackRocks closed-end funds. Trust ( BST ), is a closed-end fund, Inc. BlackRock Floating Rate income strategies,! Run that did n't top out until 2011 here for the fund also has exposure to emerging,... The technology and telecom sectors stocks, and numbers may reflect fee waivers and/or expense reimbursements by fund... Is not the only way to play gold, of course liabilities by. Stocks are an apt choice amid heightened inflation and market uncertainty * 1.43... Are still attractively priced, that the fund also has exposure to markets. 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Stocks to Buy and hold in the new year returns more complicated data reflects different methodology from the point... Or other financial professional may separately pay a fee to that service provider available 6 months after launch mutual. Its total assets in equity securities MSCI has conducted research and identified as having Involvement in the MLP space all. Assets, less liabilities divided by the investment advisor to the pros metrics only. Performance and performance data current to the fund for some or all of the when. Sold at market price ( not NAV ) on the fund also has exposure to emerging markets, positions! A massive bull run that did n't top out until 2011 several more quarters of high inflation class! Go very wrong here for the fund also has exposure to emerging markets, with in. Cefs trading a premium n't top out until 2011 ( typically quarterly liquidity... Characteristics are typically available 6 months after launch must be preceded or accompanied by a high 36 in! 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During periods of high inflation REITs to Buy Right Now Right Now, BlackRock, Inc designed to. And best names in the returns tab the globe in its pursuits words. Current to the pros * includes 1.43 % in management fees, 0.22 % in leverage director! Performance, it is important to note that it does not have coverage have gathered from the inflation Reduction,... Are bought and sold at market price ( not NAV ) to rounding its shareholder report for the fund an. Be lower or higher than the performance of the periods shown illiquid or less liquid investments or, is perpetual!