Net asset value (NAV) is the value of all fund assets, less liabilities divided by the number of shares outstanding. 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. Kiplinger is part of Future plc, an international media group and leading digital publisher. BlackRock Enhanced Equity Dividend Trust. Past distributions are not indicative of future distributions. REITs are a fine way to get exposure to real estate. None of these companies make any representation regarding the advisability of investing in the Funds. 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. Investors should note, however, that the fund is powered by a high 36% in leverage. Get the latest news on BlackRocks closed-end funds. Cash funds; Commodity funds; Stock funds; Bond funds; Multi-asset funds; Real estate funds; FUNDS IN FOCUS. 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". A closed-end funds dividend yield, market price and NAV will fluctuate with market conditions. This site is protected by reCAPTCHA and the Google Investors and others are advised to check the website for updated performance information and the release of other material information about the Funds. Data reflects different methodology from the BlackRock calculated returns in the Returns tab. Land and building prices tend to at least keep pace with inflation over time, and commercial rental contracts will generally have rent escalators that will rise. 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. 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. Carefully consider the Funds' investment objectives, risk factors, and charges and expenses before investing. But as we saw in 2022, leverage can cut both ways, as losses can also be outsized. 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. 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"). These can be something of a chore to own in that they tend to make your tax returns more complicated. So via PHYS, you can buy gold at a modest discount to market prices. 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. ETG invests primarily in dividend-paying value stocks, and is willing and able to scour the globe in its pursuits. The information contained on BlackRocks website is not a part of this press release. Discover the value of a managed distribution plan for closed-end funds. BLACKROCK and BUILD ON BLACKROCK are registered and unregistered trademarks of BlackRock, Inc or its subsidiaries in the United States and elsewhere. Another reason EMO is on this list of best closed-end funds: At current prices, it trades at a deep 12.7% discount to NAV. We also respect individual opinionsthey represent the unvarnished thinking of our people and exacting analysis of our research processes. And you know what else did? For mutual fund and exchange traded fund fees and standardized quarterly performance, please click on the fund name below. Carefully consider the Funds' investment objectives, risk factors, and charges and expenses before investing. 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. *Restricted and Illiquid Investments Risk. Investors should read and consider it carefully before investing. * Includes 1.43% in management fees, 0.22% in other expenses and 0.37% in interest expenses. 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. A Funds repurchase activity will be disclosed in its shareholder report for the relevant fiscal period. The Fund also includes an option overlay strategy; ESG factors are not considered in the investment process for the options overlay strategy. We already covered the Ecofin Sustainable and Social Impact Fund (TEAF (opens in new tab)), which has a liquidation date in 2031. This and other information can be found in the Funds' prospectuses which may be obtained by visiting the SEC Edgar database. Availability of Fund Updates. It also yields a very juicy 9.9%. At current prices, ETG trades at an 8.3% discount to net asset value and yields a very competitive 7.4%. Investors should read and consider it carefully before investing. Copyright 2023 Morningstar, Inc. All rights reserved. The foregoing shall not exclude or limit any liability that may not by applicable law be excluded or limited. 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. I consult or invest on behalf of a financial institution. Like CEM, EMO invests primarily in a portfolio of oil and gas pipeline stocks. (opens in new tab). These products and services are usually sold through license agreements or subscriptions. Current performance may be lower or higher than the performance data quoted. Business Involvement metrics are calculated by BlackRock using data from MSCI ESG Research which provides a profile of each companys specific business involvement. By Lisa Springer 2022 was a tough year for real estate investment trusts (REITs). Today, we're going to take a look at the 10 best CEFs for 2023. Published 30 November 22. stocks As a global investment manager and fiduciary to our clients, our purpose at BlackRock is to help everyone experience financial well-being. Read our editorial policy to learn more about our process. During such periods, some investments could be sold only at arbitrary prices and with substantial losses. 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. Tony Kim, Managing Director, is a portfolio manager within BlackRocks Active Equities Group. There is no assurance that any Fund will repurchase shares in any particular amounts. 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. That's fantastic news for anyone looking to buy today. If you meet certain income requirements, you are required to file a federal tax return (or get an extension) by Tax Day. Not too shabby! 2023 BlackRock, Inc. All rights reserved. As market sentiment improves, that discount should shrink, adding additional returns to the fat 10.63% yield. Learn more about PHYS at the Sprott provider site. Read the prospectus carefully before investing. Oil and gas stocks might not repeat the past year's gains in 2023, but these energy ETFs can still harness a stiff tailwind. In these cases, they're effectively worth more dead than alive! 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. 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. 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. The Funds have authorized open market share repurchase programs (the "Repurchase Programs") pursuant to which each Fund may repurchase, through November . Last updated 3 April 23. 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. Investors who purchase shares of the fund through an investment adviser or other financial professional may separately pay a fee to that service provider. Tony also worked 2 years at Neuberger Berman (1998-2000) as a research analyst covering the technology and telecom sectors. Verify your identity, personalize the content you receive, or create and administer your account. Common shares for most of the closed-end funds identified above are only available for purchase and sale at current market price on a stock exchange. And herein lies the appeal of term funds. Because REITs have always had a major emphasis on income, investors came to view them as a bond substitute over the past two decades. 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. Learn more about TEAF at the Ecofin provider site. 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. This information can be found in the "Closed-End Funds" section of www.blackrock.com. Distributions can be a combination of dividends, interest income, realized capital gains and return of capital. CEF shares are bought and sold at market price determined by competitive bidding on the stock exchange. ClearBridge MLP and Midstream, which is leveraged about 34%, can be a volatile fund. 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