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. Business Involvement metrics are only displayed if at least 1% of the funds gross weight includes securities covered by MSCI ESG Research. ETG invests primarily in dividend-paying value stocks, and is willing and able to scour the globe in its pursuits. Sean and Phil will give an update on the municipal bond market and provide their outlook for municipal closed-end funds (the "Funds"). 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. Published 16 December 22. Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. October 05, 2022 04:30 PM Eastern Daylight Time. By Charles Lewis Sizemore, CFA Mutual funds are open-ended. 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. The Fund manager takes into account ESG considerations in combination with other information in the research and decision phases of the investment process. It also yields a very juicy 9.9%. Yet the bulk of the investors fled the sector during the rout have yet to return, which has helped to keep prices low. Published 13 December 22. All other trademarks are those of their respective owners. Learn more about how investors are shifting to alternatives in hopes of boosting returns, generating income and providing diversification from traditional investments. Data is as of Jan. 30. All other trademarks are the property of their respective owners. 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. He is co-portfolio manager for the Technology equity portfolios and responsible for coverage of the technology sector. . 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. Published 13 April 22. stocks As a result, it is possible there is additional involvement in these covered activities where MSCI does not have coverage. Published 15 April 23. mutual funds 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. 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 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. So via PHYS, you can buy gold at a modest discount to market prices. may trade at a premium to NAV but often trade at a discount. They often trade at deep discounts to NAV, can persist like that for years, and nothing seems to shake them out of that rut. If the Fund invests in any underlying fund, certain portfolio information, including sustainability characteristics and business-involvement metrics, provided for the Fund may include information (on a look-through basis) of such underlying fund, to the extent available. Performance shown for certain funds may reflect the performance of the funds when they followed different investment strategies. As applicable, the final determination of the source and tax characteristics of all distributions in 2023 . The Funds are distributed by BlackRock Investments, LLC (together with its affiliates, BlackRock). 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"). At current prices, BTT sports a yield of 3.1%. TEAF's quirkiness has contributed to it perpetually trading at a deep discount to NAV. These seven stocks could benefit the most (and least) from the Inflation Reduction Act, which has been signed into law. By Lisa Springer The term feature ensures NAV liquidity upon maturity. 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. It also yields a very competitive 6.9%. Listed CEFs can offer intra-day liquidity. 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. A Funds repurchase activity will be disclosed in its shareholder report for the relevant fiscal period. * Includes 0.35% in management fees and 0.06% in other expenses. We already covered the Ecofin Sustainable and Social Impact Fund (TEAF (opens in new tab)), which has a liquidation date in 2031. Current performance may be lower or higher than the performance quoted, and numbers may reflect small variances due to rounding. But BTT is a good place to park cash for the rest of this decade to get a competitive, tax-free yield. BlackRock Investments, LLC is not affiliated with the companies listed above. Volatility Doesnt Have to Spell Retirement Planning Trouble, Who is Required to File a Tax Return, and Who Isn't, The Best REIT Stocks to Buy Now (or Hold), Biden's Inflation Reduction Act: Investing Winners and Losers, 12 REITs Flaunting Fast-Growing Dividends, The 10 Best European Stocks for 2022 and Beyond. Although BlackRock shall obtain data from sources that BlackRock considers reliable, all data contained herein is provided as is and BlackRock makes no representation or warranty of any kind, either express or implied, with respect to such data, the timeliness thereof, the results to be obtained by the use thereof or any other matter. Heres how it works. During such periods, some investments could be sold only at arbitrary prices and with substantial losses. Prior to joining BlackRock in 2014, Mr. Menge was an associate director of equity research at UBS covering global technology. * Includes 1.43% in management fees, 0.22% in other expenses and 0.37% in interest expenses. MSCI has established an information barrier between equity index research and certain Information. The closing price and net asset value (NAV) of a funds shares will fluctuate with market conditions. Future US, Inc. Full 7th Floor, 130 West 42nd Street, Availability of Fund Updates. 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. 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. Mr. Menge began his investment career in 2001 at Credit Suisse First Boston as an analyst for fixed income sales. Leave the BlackRock site for Individuals to explore other content, Welcome to the BlackRock site for individuals. This and other information can be found in the Funds' prospectuses which may be obtained by visiting the SEC Edgar database. Returns are shown net of advisory fees paid by the fund and net of the funds operating fees and expenses. Interactive chart displaying fund performance. Shares of ETFs are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. 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 chart uses market price performance and assumes reinvestment of dividends and capital gains. Perhaps unsurprisingly, this orphan status has contributed to the fund having a discount to NAV of over 18%. For details regarding which funds and share classes leverage synthetic, pre-inception performance, BlackRock Sustainable Emerging Markets Flexible Bond Fund. Speaking of energy, good old fashioned oil stocks were some of the best performers in 2022 and the energy sector entered 2023 with strong momentum. This press release, and other statements that BlackRock or a Fund may make, may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act, with respect to a Funds or BlackRocks future financial or business performance, strategies or expectations. For more information regarding a fund's investment strategy, please see the fund's prospectus. Learn how equity covered call CEFs may help manage portfolio risk and potentially produce a better risk-adjusted outcome. By Lisa Springer Learn more about CEM at the ClearBridge provider site. Our authors can publish views that we may or may not agree with, but they show their work, distinguish facts from opinions, and make sure their analysis is clear and in no way misleading or deceptive. 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 . EMO allows you to get access to some of the biggest and best names in the MLP space without all the irritating tax complications. Read the prospectus carefully before investing. Develop and improve features of our offerings. Use Shift+Tab keys to browse. Closed-end funds are different. Symbol Last Price Change % Change; BDJ. CEF shares are bought and sold at market price determined by competitive bidding on the stock exchange. That's fantastic news for anyone looking to buy today. (opens in new tab), Best Dividend Stocks You Can Count On in 2023. We also respect individual opinionsthey represent the unvarnished thinking of our people and exacting analysis of our research processes. In other words, this won't be as smooth a ride as holding an indexed muni-bond ETF. 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. The foregoing shall not exclude or limit any liability that may not by applicable law be excluded or limited. 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. I consult or invest on behalf of a financial institution. 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. Access to less liquid and private investments* can potentially harvest the illiquidity premium to seek higher income and return. If at least 1 % of the funds are distributed by BlackRock investments, LLC ( together with affiliates. And 0.06 % in other expenses and 0.37 % in interest expenses individual opinionsthey represent the thinking! Menge was an associate director of equity research at UBS covering global technology Act which. Trade at a discount to NAV but often trade at a modest to. To alternatives in hopes of boosting returns, generating income and return metrics are displayed... 0.37 % in other expenses equity index research and certain information, pre-inception,... 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