The . These high-yield ETFs show that there's no shortage of ways to balance risk and reward in the quest for better-than-average income. Most pipeline stocks are organized as master limited partnerships (MLPs). The fund also has exposure to emerging markets, with positions in Taiwanese and Indian assets, as well. 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), The 5 Best Actively Managed Fidelity Funds to Buy Now. Published 15 April 23. mutual funds * Includes 1.43% in management fees, 0.22% in other expenses and 0.37% in interest expenses. Brokerage commissions will reduce returns. 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. CORRECTING and REPLACING BlackRock Closed-End Fund Share Repurchase Program Update. The market changed last year, however, as the Fed's pivot to a more hawkish monetary policy drove investors out of flashy growth stocks and into more staid value names. Review the MSCI methodology behind the Business Involvement metrics, using links below. 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. From 2006 to 2009, he was an investment research analyst at Citigroup responsible for global software. But that's where the similarities stop. We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters. All performance after inception of the share class is actual performance. 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. Closed structure allows for greater flexibility in the types of investment strategies that can be used and helps portfolio managers stay invested for the longterm without forced selling. In a stock picker's market, it's sometimes best to leave the driving to the pros. $0.125000. All returns assume reinvestment of all dividends. Well, as a closed-end fund, ClearBridge Energy Midstream Opportunity doesn't have these issues. At current prices, ETG trades at an 8.3% discount to net asset value and yields a very competitive 7.4%. Rather than simply show up on your normal broker 1099-B or 1099-Div, MLPs come with complicated K1 tax statements. Prior to joining BlackRock in 2013, Tony spent over 6 years as the Senior Research Analyst at Artisan Partners (2006-2013) based in San Francisco covering the global technology sector on their International & Global Growth Team. That's a high yield for a blue-chip stock fund. The Growth of Hypothetical $10,000 chart reflects a hypothetical $10,000 investment in the fund. 04.12 Pershing Square Holdings, Ltd. The chart uses market price performance and assumes reinvestment of dividends and capital gains. As with their mutual fund cousins, CEFs are pooled investment vehicles that hold portfolios of stocks, bonds or other assets. Yet the bulk of the investors fled the sector during the rout have yet to return, which has helped to keep prices low. . The performance quoted represents past performance and does not guarantee future results. Closed-end funds are different. But now that prices in the sector have reset, investors have a chance to buy quality real estate assets on the cheap. In other words, this won't be as smooth a ride as holding an indexed muni-bond ETF. To obtain a current prospectus or, if available, a summary prospectus, please click on the fund name or visitwww.iShares.comorwww.blackrock.com. Only time will tell. BlackRock Closed-End Funds 1-800-882-0052. The Funds are distributed by BlackRock Investments, LLC (together with its affiliates, BlackRock). 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. Kiplinger is part of Future plc, an international media group and leading digital publisher. Learn more about how investors are shifting to alternatives in hopes of boosting returns, generating income and providing diversification from traditional investments. Availability of Fund Updates. Sean and Phil will give an update on the municipal bond market and provide their outlook for municipal closed-end funds (the "Funds"). This was certainly the case during the last bear market in tech. The performance quoted represents past performance and does not guarantee future results. (opens in new tab). Current performance may be lower or higher than the performance data quoted. This means that if anything goes sideways, JQC is first in line to get paid, and its claims are backed by real collateral. 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. The discount to NAV is one of the most appealing aspects of closed-end funds. 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. Market returns are based upon the midpoint of the bid/ask spread at 4:00 p.m. eastern time (when NAV is normally determined for most ETFs), and do not represent the returns you would receive if you traded shares at other times. There are also non-listed CEFs with continuous subscriptions and regular (typically quarterly) liquidity. Announces Management Fee . 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. Mutual funds are open-ended. The Fund also includes an option overlay strategy; ESG factors are not considered in the investment process for the options overlay strategy. And here's where the fun starts. Symbol Last Price Change % Change; BDJ. Past distributions are not indicative of future distributions. 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. When evaluating fund performance, it is important to note that it does not represent actual performance of such share class. 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). 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. Last updated 3 April 23. Related Quotes. But as we saw in 2022, leverage can cut both ways, as losses can also be outsized. 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. 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. Releases Regular Weekly Net Asset Value and Year-To-Date Return As Of 11 April 2023 04.11 BlackRock Closed-End Fund Share Repurchase Program Update 04.11 Putnam Investments Announces 19(a) Notices for Closed-End Municipal Funds 04.11 Putnam Investments Announces 19(a) Notices for Closed-End Funds 04.11 Templeton Dragon Fund, Inc. Closed-end funds; ASSET CLASS. 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. A Funds repurchase activity will be disclosed in its shareholder report for the relevant fiscal period. 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. Investing involves risk, including possible loss of principal. These Fidelity funds provide investors solid active management at low costs. As applicable, the final determination of the source and tax characteristics of all distributions in 2023 . 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. (opens in new tab). 2022, leverage can cut both ways, as losses can also outsized. 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