BGR: Weak Relative Performance Set To Continue [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
BGR has experienced additional volatility related to changes in pricing relative to NAV. The fund is trading at discount to NAV but not a significant discount relative to its historical average. BGR's covered call selling strategy is unappealing in the current environment. I am initiating BGR with a sell rating and prefer to get exposure via low fee energy sector ETFs. The BlackRock Energy and Resources Trust ( NYSE: BGR ) is a CEF which provides investors exposure to an energy sector buy-write strategy. Since its inception in December 2004, BGR has delivered a substantially lower total return than comparable passive ETFs while at the same time exhibiting roughly the same level of volatility. I believe this dynamic is set to continue going forward and thus I believe investors should sell BGR as passive low fee energy funds offer much better risk adjusted return potential. Lower Returns But Similar Volatility To Comparable Passive Products Since inception in late 2004,
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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