BlackRock Energy and Resources Trust

BlackRock Energy & Resources Trust operates as a closed-end management investment trust. The firm's investment objective is to provide total return through a combination of current income, current gains and long-term capital appreciation. It seeks to achieve its investment objective by investing its assets in equity securities of energy and natural resources companies and equity derivatives with exposure to the energy and natural resources industry. The company was founded on December 23, 2004 and is headquartered in Wilmington, DE.

First Trust Specialty Finance and Financial Opportunities Fund

Morgan Stanley India Investment Fund Inc

PIMCO Energy and Tactical Credit Opportunities Fund

Adams Natural Resources Fund Inc

For the second straight month, both equity (-3.12% on a NAV basis) and fixed income (-1.94%) CEFs on average suffered downside performance. At month end, 9% of all CEFs traded at a premium to their NAV, with 11% of equity CEFs and 8% of fixed income CEFs trading in premium territory. Energy MLP CEFs (-0.72%), for the second month in a row, mitigated losses better than the other classifications in the equity CEF universe for September.

The Month In Closed-End Funds: September 2023

Virtus InfraCap U.S. Preferred Stock ETF

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Earn Up To 10% Yields Without 'High Yield' Risks

Carlyle Credit Income Fund

BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund Inc

XAI Octagon Floating Rate & Alternative Income Term Trust

For the first month in three, both equity (-1.98% on a NAV basis) and fixed-income CEFs (-0.54%) on average suffered losses. At month end, 12% of all CEFs traded at a premium to their NAV, with 13% of equity CEFs and 11% of fixed income CEFs trading in premium territory. Energy MLP CEFs (-0.59%), for the first month in 12, mitigated losses better than the other classifications in the equity CEF universe for August.

The Month In Closed-End Funds: August 2023

BlackRock Energy & Resources Trust has put up a relatively better performance on a YTD basis compared to XLE due to its mostly flat performance. BGR employs a covered call strategy to dampen volatility, but energy is a cyclical sector and will lead to a volatile fund regardless. BGR offers exposure to big energy names and is currently trading at a discount, making it an enticing investment opportunity.

BGR: Big Oil At A Discount

The BlackRock Energy and Resources Trust is a closed-end fund that focuses on investing in energy and natural resource companies. The fund aims to provide total returns through current income and capital gains. It employs a call-writing strategy to generate premium income to enhance its distribution. The boom/bust nature of energy equities does not translate well to call-writing strategies, leading to long-term underperformance.

BGR: Volatile Energy Equities Does Not Translate Well To Call-Write Strategies

The price of Brent oil has been on the rise of late and may have put in a near-term bottom this summer. That's due to a number of global factors and, as we head into winter, may be indicative of a strengthening of the energy markets and energy stocks. However, investors should not be enticed to buy the BGR Trust fund despite its seemingly attractive yield. The fund has been a drastic underperforming asset for many years.

BGR: More To Energy Investing Than A 6.3% Yield

BlackRock Energy & Resources Trust invests in a portfolio of energy companies to provide its investors with a high level of total return. Lately, there has been an inverse relationship between energy prices and the market, as energy prices account for a significant portion of the CPI.

BGR: Solid Yield And Valuation, May Appreciate Later This Year

BlackRock Resources & Commodities Strategy Trust

Blackrock Municipal Income Trust

Blackrock California Muni Income Trust

BlackRock Floating Rate Income Trust

BlackRock Enhanced International Dividend Trust

BlackRock Innovation & Growth Trust

Blackrock Municipal Income Trust II

BlackRock Health Sciences Trust II

Blackrock New York Municipal Income Trust

BlackRock Enhanced Global Dividend Trust

BlackRock Science and Technology Trust II

BlackRock MuniHoldings Fund

BlackRock MuniHoldings New York Quality Fund Inc

BlackRock MuniYield Michigan Quality Fund Inc

BlackRock MuniYield Pennsylvania Quality Fund

BlackRock MuniYield Quality Fund II Inc

BlackRock MuniHoldings California Quality Fund Inc

BlackRock MuniHoldings Quality Fund II Inc

BlackRock Municipal Income Fund

BlackRock MuniHoldings New Jersey Quality Fund Inc

BlackRock MuniVest Fund Inc

BlackRock MuniVest Fund II Inc

BlackRock MuniYield Fund

BlackRock MuniYield Quality Fund III Inc

BlackRock MuniYield New York Quality Fund Inc

NEW YORK--(BUSINESS WIRE)--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".

CORRECTING and REPLACING BlackRock Closed-End Fund Share Repurchase Program Update

The traditional energy sector has greatly outperformed the market over the past year. BGR invests in a portfolio of energy stocks to provide income to its investors, although it has very heavy exposure to only a few names.

BGR: This High-Performing CEF Might Be Worth Consideration

Aberdeen Income Credit Strategies Fund

Alpine Global Dynamic Dividend Fund

Aberdeen Standard Global Infr Inc Fd

Blackrock Investment Quality Municipal Trust

Blackrock Long-Term Municipal Advantage Trust

BlackRock Utilities Infrastructure & Power Opportunities Trust

Delaware Investments Dividend and Income Fund

Delaware Enhanced Global Dividend & Income Fund

Virtus Stone Harbor Emerging Markets Income Fund 

Eagle Point Income Company Inc

Eaton Vance Tax-Managed Buy-Write Opportunities Fund

Eaton Vance Tax-Advantaged Bond & Opportunity Stategies Fund

Eagle Capital Growth Fund Inc

Gabelli Utility Trust

Ivy High Income Opportunities Fund

KKR Income Opportunities Fund

BNY Mellon Strategic Municipals, Inc.  

Macquarie Global Infrastructure Total Return Fund Inc

Neuberger Berman Intermediate Municipal Fund Inc

Neuberger Berman MLP Income Fund, Inc.

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.

Oxford Lane Capital

PIMCO Dynamic Income Opportunities Fund

RENN Fund

1 out of 22 CEF sectors positive on price and 0 out of 22 sectors positive on NAV last week. Senior loans lead while real estate lags.

Weekly Closed-End Fund Roundup:  February 12, 2023

Alpine Global Premier Properties Fund

My retirement income is paid for by the market, and I keep buying more income at a discount to NAV. You can leverage the skills of experts to glean income for less work.

Retirement Income At Big Discounts

Cornerstone Strategic Value Fund Inc

Eaton Vance Tax Advantaged Global Dividend Opportunities Fund

abrdn Healthcare Investors 

PIMCO Corporate & Income Opportunity Fund

Cohen And Steers Total Return Realty Fund

Cohen & Steers Quality Income Realty Fund

Closed-end funds are great income investments thanks to tax laws and tradition. Being required to pay out most of their taxable gains explains a lot about how CEFs act.

How To Use CEFs For A Rich Retirement

PEO and BGR are the second and third-best performing funds on a total NAV return basis through the end of November. On a total share price return basis through the end of November, they've still done well, as the third and fourth best performing, respectively.

BGR And PEO: Big Oil Investments At Large Discounts

GAMCO Global Gold. Natural Resources & Income Trust

I have a warning: now is the time to take profits—especially if you hold the two oil funds we'll discuss below.

Warning: These 2 High-Yield Oil Dividends Are About To Slide

BGR is a closed-end fund focused on energy equities. The CEF is up over 12% on a total return basis since our buy rating.

BGR: Active Investors Should Take Some Profits In This Energy CEF

The traditional energy sector has been one of the few to deliver positive performance in 2022. BGR offers investors a way to easily obtain a portfolio of energy companies and generate a 5.99% yield.

BGR: Play The Highest Performing Sector This Year With This Attractive CEF

John Hancock Financial Opportunities Fund

These opportunities will not last long! The time to act is upon us. You'll miss some opportunities in your lifetime, these don't have to be among them.

Buy Now Before It's Too Late: 2 Opportunities To Not Miss

BGR is a closed-end fund focused on energy equities. The fund has a global Oil & Gas Majors allocation exceeding 50%.

BGR: Buy Oil & Gas Majors With A 10% Discount Via This CEF

Eagle Point Credit

Record levels of inflation continue while the Federal Reserve plays chicken with a recession. Your portfolio is taking body blows, but is it producing high levels of income?

Economic Calamity? Income Opportunity Insanity

Enterprise Products Partners

Magellan Midstream Partners

Energy markets will be impacted by the increasing hostility between the West and Russia. Regardless of sanction rules, European countries will seek to reduce exposure to Russia and will develop alternate sources.

Energy In The New Cold War

Antero Resources

Chesapeake Energy

Devon Energy

First Trust Natural Gas ETF

First Trust New Opportunities Mlp & Energy Fund

Cheniere Energy

Marathon Oil

Matador Resources

VOC Energy

With the caveat that this has been a highly volatile space, we offer a dozen energy sector stocks and ETF favorites from contributing advisors at MoneyShow.com.

12 Oil & Gas Favorites To Power Your Portfolio

Sanctions have increased the scarcity of essential goods, rising prices.

War Intensifies Inflation: 2 Big Dividends To Beat It

BGR is a closed-end fund that invests in large-cap energy sector stocks.

BGR: 4.4% Yield Misses The Cut With A Lagging Performance

BlackRock Enhanced Equity Dividend Trust

BlackRock Science & Technology

CEFs may be more susceptible to tax loss selling given they trade on a stock exchange and market prices (investor return) can deviate from underlying NAVs (fund return). Additionally, CEFs typically provide income to shareholders through monthly distributions.

Finding Opportunities In The Closed-End Fund Market

Energy has once again attracted the attention of the market given the steep rise in crude oil prices that we saw over the course of this year. BGR invests primarily in a portfolio of large energy companies. These companies should all do fairly well in a rising oil price environment.

BGR: Solid Conservative Fund Pick But Yield Is Low

News for BlackRock Energy and Resources Trust ETF (BGR)