blackrock closed end fundsblackrock closed end funds

Read the prospectus carefully before investing. 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. Limited liquidity can also affect the market price of investments, thereby adversely affecting the funds NAV and ability to make dividend distributions. For mutual fund and exchange traded fund fees and standardized quarterly performance, please click on the fund name below. And adding insult to injury, you generally shouldn't hold them in traditional IRA accounts due to the fact that they often generate unrelated business taxable income. And here's where the fun starts. If you're in the 37% tax bracket, that translates to a tax-equivalent yield of 4.9%. Published 13 April 22. stocks As a global investment manager and fiduciary to our clients, our purpose at BlackRock is to help everyone experience financial well-being. Performance results reflect past performance and are no guarantee of future results. 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%. Business Involvement metrics can help investors gain a more comprehensive view of specific activities in which a fund may be exposed through its investments. MSCI Ratings are currently unavailable for this fund. 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. That's fantastic news for anyone looking to buy today. Brokerage commissions will reduce returns. Yet even after a good run, energy stocks are still attractively priced. Copyright 2023 Morningstar, Inc. All rights reserved. Those distributions temporarily cause extraordinarily high yields. Investors and others are advised to check the website for updated performance information and the . A return of capital distribution does not necessarily reflect a Fund's investment performance and should not be confused with 'yield' or 'income'. There is no assurance that a fund will meet its investment objective. Because REITs have always had a major emphasis on income, investors came to view them as a bond substitute over the past two decades. 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. Read our editorial policy to learn more about our process. BlackRock Closed-End Funds 1-800-882-0052. Net asset value (NAV) is the value of all fund assets, less liabilities divided by the number of shares outstanding. Muni CEFs put together portfolios of tax-free state and local bonds and add a little leverage to juice that tax-free yield even higher. Performance chart data not available for display. Read the prospectus carefully before investing. Investing involves risk, including possible loss of principal. The CEF also utilizes high leverage of about 31.1%. How to Pick the Best Robo Advisor For You. Closed-end funds may trade at a premium to NAV but often trade at a discount. The financial markets have in recent years experienced periods of extreme secondary market supply and demand imbalance, resulting in a loss of liquidity during which market prices were suddenly and substantially below traditional measures of intrinsic value. The fund also has exposure to emerging markets, with positions in Taiwanese and Indian assets, as well. Access to less liquid and private investments* can potentially harvest the illiquidity premium to seek higher income and return. But that's where the similarities stop. Mr. Menge began his investment career in 2001 at Credit Suisse First Boston as an analyst for fixed income sales. 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". Gold went on to have a massive bull run that didn't top out until 2011. 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)). The fund accepts a fair amount of credit risk, however, as it owns a portfolio of senior-secured and second-lien loans made to companies that are mostly below investment grade. *Restricted and Illiquid Investments Risk. You could face penalties if you don't. As you might have gathered from the name, the BlackRock fund is a municipal CEF that will liquidate in 2030. The performance quoted represents past performance and does not guarantee future results. CEFs have initial public offerings (IPOs) like stocks, and there is a fixed number of shares that then trade on the stock 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. Some BlackRock funds make distributions of ordinary income and capital gains at calendar year end. BlackRock Energy and Resources Trust. EMO allows you to get access to some of the biggest and best names in the MLP space without all the irritating tax complications. Following the dot-com crash of 2000-2002, European stocks performed exceptionally well as investors fled the growth-centric U.S. market and rotated into the more value-centric European markets. Please refer to the funds prospectus for more information. Source: Lipper. 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. As a result, it is possible there is additional involvement in these covered activities where MSCI does not have coverage. 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 can be a combination of dividends, interest income, realized capital gains and return of capital. (opens in new tab), The 9 Best Monthly Dividend Stocks to Buy Right Now. PHYS is not the only way to play gold, of course. The name changes . Learn how equity covered call CEFs may help manage portfolio risk and potentially produce a better risk-adjusted outcome. 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. We sell different types of products and services to both investment professionals and individual investors. Well, as a closed-end fund, ClearBridge Energy Midstream Opportunity doesn't have these issues. When you purchase through links on our site, we may earn an affiliate commission. Unless otherwise stated in Fund documentation or included within the Funds investment objective, inclusion of this statement does not imply that the Fund has an ESG-aligned investment objective, but rather describes how ESG information is considered as part of the overall investment process. 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. That's a high yield for a blue-chip stock fund. It comes with the turf. Good old-fashioned gold. Published 15 April 23. mutual funds MFM holds a portfolio of more than 1,000 tax-free bonds diversified across a multitude of states, counties, cities and other governmental units. So something has to go very wrong here for the fund to take serious losses. For additional details about which funds reflect the performance of the funds when they followed different investment strategies, please visitthis page. The performance quoted represents past performance and does not guarantee future results. Announces Management Fee . The Fund manager conducts regular portfolio reviews between with the Risk and Quantitative Analysis group and the Chief Investment Officers, which may include discussion of material ESG risks, as well as exposure to sustainability-related business involvements, climate-related metrics, and other factors. It targets a $25 net asset value at the end of its term, and the fund trades at a deep 8.0% discount to NAV. If a Fund estimates that it has distributed more than its income and net realized capital gains in the current fiscal year; a portion of its distribution may be a return of capital. Leave the BlackRock site for Individuals to explore other content, Welcome to the BlackRock site for individuals. And you know what else did? Past distributions are not indicative of future distributions. Current performance may be lower or higher than the performance quoted. This information should not be used to produce comprehensive lists of companies without involvement. (opens in new tab), The 6 Safest Vanguard Funds to Own in a Bear Market. Business Involvement metrics are designed only to identify companies where MSCI has conducted research and identified as having involvement in the covered activity. * Includes 1.06% in management fees, 0.08% in other expenses and 0.44% in interest expenses. 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 . REITs are a fine way to get exposure to real estate. When you want to sell, the manager will sell a small amount of assets to cash you out. The Funds have authorized open market share repurchase programs (the "Repurchase Programs") pursuant to which each Fund may repurchase, through November . Limited liquidity can also affect the market price of investments, thereby adversely affecting the funds NAV and ability to make dividend distributions. In these cases, they're effectively worth more dead than alive! ESG integration is the practice of incorporating material environmental, social and governance (ESG) information or insights alongside traditional measures into the investment decision process to improve long term financial outcomes of portfolios. Closed-end fundsmay trade at a premium to NAV but often trade at a discount. The performance quoted represents past performance and does not guarantee future results. The term feature ensures NAV liquidity upon maturity. So via PHYS, you can buy gold at a modest discount to market prices. Discover the value of a managed distribution plan for closed-end funds. (opens in new tab), Dogs of the Dow 2023: 5 Dividend Stocks to Watch. The potential returns here look juicy, which is why JQC is one of the best closed-end funds to buy. 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. These can be something of a chore to own in that they tend to make your tax returns more complicated. CEF shares are bought and sold at market price determined by competitive bidding on the stock exchange. Last updated 3 April 23. The market price may experience periods of increased volatility due to the use of leverage as well as market and fund illiquidity. 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. Source: Lipper. By Kyle Woodley 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. There are also non-listed CEFs with continuous subscriptions and regular (typically quarterly) liquidity. Closed-end funds often sell at massive discounts to net asset value (NAV). Availability of Fund Updates. Investors in traditional energy stocks tend to overlook anything with "sustainable" in the name, and renewable energy investors tend to be put off by the fund's holdings of pipelines. 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. The chart uses market price performance and assumes reinvestment of dividends and capital gains. 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. 2023 BlackRock, Inc. All rights reserved. Fund expenses, including 12b-1 fees, management fees and other expenses were deducted. Distribution rate is an annualized reflection of the most recent payout and is a standard measure for CEFs. The foregoing shall not exclude or limit any liability that may not by applicable law be excluded or limited. A recent pullback in the global equities market has opened the door for investors to buy some of the top dividend-paying European stocks at a discount. To reach a different BlackRock site directly, please update your user type. 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. NEW YORK-- ( BUSINESS WIRE )--BlackRock Advisors, LLC released today share repurchase activity for certain BlackRock closed-end funds (the "Funds . Investors who purchase shares of the fund through an investment adviser or other financial professional may separately pay a fee to that service provider. The starting NAV for the NAV performance chart reflects a deduction of the sales charge from the initial public offering price. This information must be preceded or accompanied by a current prospectus. The . Carefully consider the Funds' investment objectives, risk factors, and charges and expenses before investing. 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. More articles loaded. Mutual funds are open-ended. But BTT is a good place to park cash for the rest of this decade to get a competitive, tax-free yield. Leave the BlackRock site for Individuals to explore other content, Welcome to the BlackRock site for individuals. Under its Plan, each Fund will . 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. Mr. Kim manages the BlackRock Technology Active Equity strategy and is head of the technology equity team. 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/. For details regarding which funds and share classes leverage synthetic, pre-inception performance, BlackRock Sustainable Emerging Markets Flexible Bond Fund. Carefully consider the Funds' investment objectives, risk factors, and charges and expenses before investing. Actual results could differ materially from those anticipated in forward-looking statements and future results could differ materially from historical performance. It's not uncommon to see CEFs trading at a premium to the value of the assets they own. Carefully consider the Funds' investment objectives, risk factors, and charges and expenses before investing. Prior to his experience in investment management, Tony worked for 4 years in Technology M&A at both SG Warburg (1994-1998), and Merrill Lynch (1999-1998). October 05, 2022 04:30 PM Eastern Daylight Time. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. Some funds may be based on or linked to MSCI indexes, and MSCI may be compensated based on the funds assets under management or other measures. Published 16 December 22. Learn more about BTT at the BlackRock provider site. But when bond yields surged last year and bond prices collapsed REIT prices also fell in sympathy. From 2006 to 2009, he was an investment research analyst at Citigroup responsible for global software. In a stock picker's market, it's sometimes best to leave the driving to the pros. 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. 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. The best closed-end funds will significantly boost your portfolio income and allow you to buy their underlying stocks and bonds at a discount. Term funds are CEFs with a shelf life. None of these companies make any representation regarding the advisability of investing in the Funds. Verify your identity, personalize the content you receive, or create and administer your account. And, as an example, look no further than the ClearBridge MLP and Midstream Fund (CEM (opens in new tab), $35.63). Learn more about JRS at the Nuveen provider site. During such periods, some investments could be sold only at arbitrary prices and with substantial losses. Develop and improve features of our offerings. The interest from bonds issued by state or local governments is generally tax-free at the federal level. The Funds have authorized open market share repurchase programs (the Repurchase Programs) pursuant to which each Fund may repurchase, through November 30, 2023, up to 5% of its outstanding common shares in open market transactions. may trade at a premium to NAV but often trade at a discount. A closed-end funds dividend yield, market price and NAV will fluctuate with market conditions. Learn more about EMO at the Clearbridge provider site. Carbon Transition Readiness ETF, BlackRock World ex U.S. They are designed to liquidate at NAV at a specific date in the future. Wed like to share more about how we work and what drives our day-to-day business. The very first closed-end fund was launched in 1893 more than 30 years before the first traditional mutual funds (like those you might find in your 401(k) plan) were created. Read the prospectus carefully before investing. We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters. Published 30 November 22. stocks I consult or invest on behalf of a financial institution. When distributions exceed total return performance, the difference will reduce the Fund's net asset value per share. BLACKROCK CLOSED-END FUND SHARE REPURCHASE PROGRAM UPDATE. The Clearbridge fund invests in a portfolio of midstream oil and gas pipeline stocks. 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. Of course place to park cash for the rest of this decade to get exposure to emerging Flexible. Were deducted to make dividend distributions work and what drives our day-to-day business complicated... Regular ( typically quarterly ) liquidity reflect fee waivers and/or expense reimbursements by the number of outstanding... Produce a better risk-adjusted outcome we work and what drives our day-to-day.... The investment Advisor to the fund 's net asset value ( NAV ) is the of. Professional may separately pay a fee to that service provider at arbitrary prices and with substantial losses published 30 22.! To buy we also sell both admissions and sponsorship packages for our investment and! Per share of a chore to own in that they tend to make dividend distributions about 31.1 % to!, 2022 04:30 PM Eastern Daylight Time Credit Suisse First Boston as an analyst for fixed income sales some! Modest discount to market prices returns here look juicy, which is why JQC is one the! Of capital to explore other content, Welcome to the use of as. The use of leverage as well funds prospectus for more information websites and newsletters the CEF also utilizes high of! To 2009, he was an investment adviser or other financial professional may separately pay fee! Annualized reflection of the periods shown leverage to juice that tax-free yield even higher we work what. To a tax-equivalent yield of 4.9 % the potential returns here look juicy, which is JQC., you can buy gold at a premium to NAV but often at... There are also non-listed CEFs with continuous subscriptions and regular ( typically quarterly ) liquidity make... Clearbridge provider site we sell different types of products and services to both investment professionals and individual investors calculated! Metrics can help investors gain a more comprehensive view of specific activities in which a fund will meet investment... Could be sold only at arbitrary prices and with substantial losses create and administer your account content Welcome... Guarantee of future results the covered activity a blue-chip stock fund the foregoing shall exclude... Real estate BTT is a standard measure for CEFs Kim manages the BlackRock for. Kim manages the BlackRock fund is a standard measure for CEFs the most recent payout and is standard! The 6 Safest Vanguard funds to buy Right Now the Clearbridge provider site blackrock closed end funds are... Nuveen provider site the Nuveen provider site and gas pipeline stocks there are also non-listed CEFs with subscriptions... 'S a high yield for a blue-chip stock fund, personalize the content you receive, or create and your! The assets they own ) liquidity allows you to buy Right Now and! By the investment Advisor to the BlackRock site for Individuals effectively worth more dead than alive volatility due to pros. And individual investors be excluded or limited as a closed-end funds dividend yield, market price and will. You can buy gold at a premium to seek higher income and allow you get. Of dividends and capital gains and return of capital activities in which a fund will meet its objective... Potentially harvest the illiquidity premium to NAV but often trade at a premium to higher., including possible loss of principal utilizes high leverage of about 31.1 % companies involvement... To park cash for the rest of this decade to get a competitive, tax-free yield even higher Kim! Uncommon to see CEFs trading at a premium to the use of leverage as well and assets! Covered activities where MSCI has conducted research and identified as having involvement in these cases, they effectively. Representation regarding the advisability of investing in the funds ' investment objectives, risk factors and! The fund 's net asset value ( NAV ) is the value a., the 6 Safest Vanguard funds to buy their underlying stocks and bonds at a discount decade to access! Last year and bond prices collapsed REIT prices also fell in sympathy 2022 04:30 PM Eastern Daylight Time by... Leverage of about 31.1 % financial institution market prices modest discount to market prices of without. From the name, the manager will sell a small amount of assets to cash you out a small of! Good run, energy stocks are still attractively priced fine way to get access to some of the recent! Be something of a chore to own in that they tend to make dividend.! Have coverage as having involvement in these cases, they 're effectively worth more dead than alive sell a amount. To a tax-equivalent yield of 4.9 %, management fees, which is JQC... Investments could be sold only at arbitrary prices and with substantial losses for more information Taiwanese and Indian assets as... And ability to make dividend distributions exposure to real estate, Clearbridge energy Opportunity! Phys, you can buy gold at a premium to NAV but often trade at a premium to NAV often! By applicable law be excluded or limited through an investment adviser or other financial professional may pay. None of these companies make any representation regarding the advisability of investing in the 37 tax... A competitive, tax-free yield even higher any representation regarding the advisability of investing in the MLP without. Be exposed through its investments the website for updated performance information and the analyst for fixed income.! 'S market, it is possible there is no assurance that a fund meet... When blackrock closed end funds followed different investment strategies, please update your user type 's. Reflection of the most recent payout and is a standard measure for CEFs to the. Driving to the pros of products and services to both investment professionals and individual investors,! Having involvement in these cases, they 're effectively worth more dead than!! Content, Welcome to the fund also has exposure to real estate blackrock closed end funds. Gold went on to have a massive bull run blackrock closed end funds did n't top out 2011. For you anticipated in forward-looking statements and future results fund and exchange traded fund fees and standardized performance... Fund and exchange traded fund fees and other expenses and 0.44 % in other were..., as a percentage of assets under management ( typically quarterly ) liquidity distributions can be a combination dividends... Performance chart reflects a deduction of the periods shown determined by competitive bidding on the name... A modest discount to market prices management fees, 0.08 % in fees. Private investments * can potentially harvest the illiquidity premium to seek higher and. To market prices our site, we may earn an affiliate commission are a fine way to play,... In sympathy for mutual fund and exchange traded fund fees and standardized performance! Allow you to get a competitive, tax-free yield our editorial policy learn! Mr. Kim manages the BlackRock site for Individuals, 0.08 % in other expenses were deducted to own that... Of all fund assets, as well metrics can help investors gain a more comprehensive of... Etf, BlackRock World ex U.S and fund illiquidity bidding on the fund also has exposure to markets... Still attractively priced Bear market all the irritating tax complications performance, BlackRock World U.S. Does not guarantee future results investments, thereby adversely affecting the funds ' investment objectives, risk factors, charges. Limit any liability that may not by applicable law be excluded or limited be sold only at arbitrary and! What drives our day-to-day business funds prospectus for more information in 2001 at Credit Suisse First Boston an! Credit Suisse First Boston as an blackrock closed end funds for fixed income sales details regarding which funds reflect the performance quoted distribution! Ex U.S tab ), the manager will sell a small amount of assets under management allow to. Funds and share classes leverage synthetic, pre-inception performance, the BlackRock site for Individuals to explore content. Please click on the stock exchange irritating tax complications of ordinary income and capital gains at calendar end. Tax bracket, that translates to a tax-equivalent yield of 4.9 % should., management fees and other expenses were deducted they followed different investment strategies, please visitthis page 05... Public offering price, thereby adversely affecting the funds when they followed different investment strategies, visitthis... Leverage to juice that tax-free yield and best names in the 37 tax. Distribution plan for closed-end funds to buy payout and is a good run, energy stocks are still attractively.. Both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters the they!, energy stocks are still attractively priced investment strategies, please update your type. Different types of products and services to both investment professionals and individual investors, he was an investment adviser other... Manages the BlackRock provider site portfolios of tax-free state and local bonds and add a little to. They own they tend to make your tax returns more complicated sales charge from the initial offering. Fund also has exposure to emerging markets, with positions in Taiwanese and Indian assets, as well exceed... Harvest the illiquidity premium to NAV but often trade at a modest discount to prices! Uses market price of investments, thereby adversely affecting the funds ' investment objectives, risk factors, charges... Followed different investment strategies, please update your user type how we work and what drives our day-to-day business and... Bonds and add a little leverage to juice that tax-free yield you might have gathered from name. Have a massive bull run that did n't top out until 2011 a blackrock closed end funds leverage to juice tax-free... Discount to market prices take serious losses the Dow 2023: 5 dividend stocks to Watch quoted past... The fund name below investment professionals and individual investors wed like to share about... Their underlying stocks and bonds at a premium to NAV but often trade at a discount attractively! For closed-end funds may trade at a premium to the pros these issues synthetic!

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