BGR: A 6.14%-Yielding Energy CEF With A History Of Underperformance [Seeking Alpha]
BlackRock Energy and Resources Trust (BGR)
US:NYSE Investor Relations:
blackrock.com/investing/products/240226/blackrock-energy-and-resources-trust-fund
Company Research
Source: Seeking Alpha
However, the BGR closed-end fund's performance has been underwhelming compared to energy partnerships and index funds, with a 5.59% share price gain since December 2023. The BGR fund's strategy sacrifices upside potential for a higher yield and pays out capital gains to investors, resulting in higher yields but lower total returns. The stock price performance of energy companies does not always correlate with energy prices, but current energy price trends might cause their prices to surge with profits. The fund is fully covering its distribution and trades at an enormous discount on net asset value. This idea was discussed in more depth with members of my private investing community, Energy Profits in Dividends. Learn More » The BlackRock Energy & Resources Trust NYSE: BGR ) is a sector-specific closed-end fund, or CEF, that is designed for those investors who want exposure to the traditional energy sector along with a high level of income. The fund manages to deliver on th
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BGR
Sec Filings
- 3/14/24 - Form N-CEN
- 3/6/24 - Form N-CSR
- 2/26/24 - Form NPORT-P
- BGR's page on the SEC website