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Understand what are closed-end funds, how they may add value to your clients’ portfolios, and current views on closed-end fund market trends.
Articles, insights, and our quarterly market commentary to help you guide your clients.
Explore our experts’ latest insights on the closed-end fund market. We share our market commentary, insights, and trends to help guide you with closed-end funds in your clients’ portfolios.
Understand how closed-end funds can potentially add value to your clients’ portfolios, and facts to consider for client conversations.
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1 Source: Morningstar as of 10/31/23. Based on month-end premium/discount median for entire listed CEF universe since 2009 (end of Global Financial Crisis).
Performance data quoted represents past performance of common shares and does not guarantee future results. Performance is net of fees. Investment return and principal value of an investment will fluctuate so that an investor’s shares may be worth more or less than the original cost. The fund’s market price and net asset value will fluctuate with market conditions. All return data assumes reinvestment of all distributions. Current performance may be lower or higher than the performance data quoted.
This website is for informational purposes only. It is not intended to be relied upon as a forecast, research or investment or tax advice, and are not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy.
Investment return, price, yields and NAV will fluctuate with changes in market conditions. At the time of sale, your shares may have a market price that is above or below net asset value, and may be worth more or less than your original investment. There is no assurance that a fund will meet its investment objective.
The closing price and net asset value (NAV) of a fund’s shares will fluctuate with market conditions. Closed-end funds may trade at a premium to NAV but often trade at a discount. CEF shares are bought and sold at “market price” determined by competitive bidding on the stock exchange. Net asset value (NAV) is the value of all fund assets, less liabilities divided by the number of shares outstanding.
Carefully consider the Funds' investment objectives, risk factors, and charges and expenses before investing. This and other information can be found in the Funds' prospectuses or, if available, the summary prospectuses which may be obtained visiting the iShares ETF and BlackRock Mutual Fund prospectus pages. Read the prospectus carefully before investing.
This website is for informational purposes only. It is not intended to be relied upon as a forecast, research or investment or tax advice, and are not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy.
Prepared by BlackRock Investments, LLC, member FINRA.
Disclosures related to prime and municipal funds: You could lose money by investing in the Fund. Because the share price of the Fund will fluctuate, when you sell your shares they may be worth more or less than what you originally paid for them. The Fund may impose a fee upon sale of your shares. The Fund generally must impose a fee when net sales of Fund shares exceed certain levels. An investment in the Fund is not a bank account and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Fund’s sponsor is not required to reimburse the Fund for losses, and you should not expect that the sponsor will provide financial support to the Fund at any time, including during periods of market stress.
Disclosures related to Government MMFs: You could lose money by investing in the Fund. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. An investment in the Fund is not a bank account and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Fund’s sponsor is not required to reimburse the Fund for losses, and you should not expect that the sponsor will provide financial support to the Fund at any time, including during periods of market stress.
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