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BlackRock Energy and Resources Income Trust plc

With effect from 13 May 2019, BlackRock Commodities Income Investment Trust plc has been renamed BlackRock Energy and Resources Income Trust plc.

About this investment trust

Income
Growth
Global
Shares
Commodities

The Company aims to achieve an annual dividend target and, over the long term, capital growth by investing primarily in securities of companies operating in the mining and energy sectors.

Why choose it?

Economic policies across the globe may reinvigorate the performance of commodity companies. Investment in a specialist commodities trust with exposure to a broad range of companies can help deliver dividend income and long-term growth. Diversification and asset allocation may not fully protect you from market risk.

Suited to…

Investors wanting to diversify their portfolios by including commodities and who are targeting dividend income and long-term returns but with a tolerance for market uncertainty and volatility. This means shares prices may rise and fall more frequently.

What are the risks?

  • Capital is at Risk. All financial investments involve an element of risk. Therefore, the value of your investment and the income from it will vary and your initial investment amount cannot be guaranteed.
  • Overseas investment will be affected by movements in currency exchange rates.
  • Emerging market investments are usually associated with higher investment risk than developed market investments. Therefore the value of these investments may be unpredictable and subject to greater variation.
  • Mining shares typically experience above average volatility when compared to other investments. Trends which occur within the general equity market may not be mirrored within mining securities.
  • Investment strategies, such as borrowing, used by the Trust can result in even larger losses suffered when the value of the underlying investments fall.

Useful documents

To find out the latest information on the BlackRock Energy and Resources Income Investment Trust click on the links below.

x Latest research report from Kepler.

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Performance & holdings snapshot

Price Chart:
The BlackRock Energy and Resources Income Trust plc. Ordinary share price and cum fair Net Asset Value (NAV). Pence Sterling. Source Morningstar, updated daily for period selected. Time period can either be selected from options available, or on chart below (line is for illustration purposes only and does not reflect actual value). Price chart does not include ongoing charges, transaction fees or other expenses.

Net Asset Value (NAV) performance statistics are based on an NAV with income included with any income reinvested on the ex-dividend date, net of ongoing charges and any applicable performance fee.

Share price performance figures are calculated on a mid market basis in sterling terms with income reinvested on the ex-dividend date.

Net Asset Value (NAV) performance is not the same as share price performance, and shareholders may realise returns that are lower or higher than NAV performance.

Price/Trading Table:
The BlackRock Energy and Resources Income Trust plc. Pound Sterling, Source Morningstar, updated every second day, excluding non-trading days.

Annual Performance:
The BlackRock Energy and Resources Income Trust plc, reference index (50% HSBC Global Mining and 50% MSCI World Energy Indices) and Morningstar Investment Trust Sector Specialist Commodities and Natural Resources Category. Pound Sterling. Source: Morningstar, as at last quarter end.

Last Reported Holdings
The BlackRock Energy and Resources Income Trust plc. Source Morningstar, as at month end. The specific companies identified and described above do not represent all of the companies purchased or sold, and no assumptions should be made that the companies identified and discussed were or will be profitable. Allocations are as of the date shown and do not necessarily represent current or future portfolio holdings.

Capital is at Risk. All financial investments involve an element of risk. Therefore, the value of your investment and the income from it will vary and your initial investment amount cannot be guaranteed. The figures shown relate to past performance. Past performance is not a reliable indicator of future results and should not be the sole factor of consideration when selecting a product or strategy.

Fund Manager Commentary

Portfolio manager biographies

Olivia Markham is co-manager of the BlackRock Energy and Resources Income Trust plc and is also co-manager of the BlackRock World Mining Trust plc. As a member of the Natural Resources team, Olivia is responsible for the circular economy strategy, coverage of the gold and mining sectors and is involved in the management of a number of the team's portfolios. She joined BlackRock in 2011. Previously, she was head of the European Mining team at UBS with lead coverage of the UK diversified miners. She also spent four years working within the mergers and acquisitions team at BHP Billiton. Olivia has a degree in finance.

Tom Holl is co-manager of the BlackRock Energy and Resources Income Trust plc and is a member of BlackRock's Natural Resources Team. Tom is responsible for the nutrition strategy, the gold and mining sectors and co-manages a number of the team's gold and mining portfolios as well as income strategies. He moved to his current role in 2008, but his service with the firm dates back to 2006. Previously, Tom was a member of the Global Equity Team and the Real Estate Team. Tom has a degree, with honours in land economy.

Useful Information

  1. Board of Directors
  2. Fees & charges
    Annual Expenses as at Date
    30/11/2018
    Ongoing Charge (including any Performance Fee)
    1.4%
    Management Fee Summary
    The management fee is equal to 0.95% of the Company's gross assets p.a. and will reduce to 0.90% p.a. for gross assets in excess of GBP250 million. The value of any investment in BlackRock managed funds (with the exception of the BlackRock Institutional Cash Fund, for which the Investment Manager receives no fee), is excluded when calculating the management fee. The investment management fee is levied quarterly, based on the gross assets on the last day of each quarter, and is charged 25% to the revenue account and 75% to the capital account.
  3. Fund codes
  4. Fund management
  5. Key dates
  6. Key documents
  7. Investor Warning

    BlackRock is aware of a company, "BlackRock Commodities", which is fraudulently claiming to be affiliated to this Company and is quoting the BlackRock Investment Management (UK) Limited London office. "BlackRock Commodities" is not a regulated firm and is not authorised to perform the duties that they currently promote. Please read our latest shareholder communication for further details and an example of the fraudulent communication from "BlackRock Commodities".

To get in touch contact us on:

Telephone:
0207 743 3000