In plain terms — BlackRock Energy & Resources Trust
Shares currently cost about 11.0% less than the value of the assets behind them (a discount).
Over the past year it has averaged a 8.1% discount, so today's level is not wide for this fund (Z-score -0.8). That describes the past; it does not predict where the discount goes next.
It pays regular distributions worth about 6.5% a year of the share price (5.8% of the assets). That is a payout rate, not a return: part of it may be capital being handed back.
Because the shares trade below the value of their assets, each dollar of reinvested distributions buys about $1.12 of assets — a ReinvestCapture™ rate of 7.3%, more than the payout rate itself. That is buying power, not a return.
The assets themselves grew 56.8% over the past year including distributions (NAV total return).
Guided view hides the statistical panels. Switch to Expert view in the grey bar to see them. Nothing here is advice.
Price and NAV, past year
Snapshot
Valuation vs. history
| Window | Average prem/disc | Std. dev. | Z-score | Observations |
|---|---|---|---|---|
| 3 months | -9.86% | 0.52% | -0.80 | 55 |
| 6 months | -9.81% | 0.73% | -0.64 | 106 |
| 1 year | -8.10% | 2.78% | -0.78 | 207 |
| 3 years | -8.74% | — | — | — |
| 5 years | -9.85% | — | — | — |
Current contemporaneous premium/discount -10.28% (close Oct 14, 2026 vs NAV Oct 13, 2026). 1-year range -11.63% to +0.07%. A negative Z-score means a wider discount than the window average — not that the fund is undervalued.
Performance
| Series | 1M | 3M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) |
|---|---|---|---|---|---|---|
| Market price return | +3.99% | +13.29% | +34.71% | +37.66% | +12.08% | +12.29% |
| Market price total return | +4.56% | +15.27% | +42.28% | +48.58% | +20.54% | +19.89% |
| NAV return | +4.06% | +15.13% | +42.74% | +46.14% | +10.90% | +12.88% |
| NAV total return | +4.57% | +16.95% | +50.04% | +56.84% | +18.58% | +19.79% |
Through Oct 14, 2026. Total return reinvests distributions at the series value on the ex-date. Cumulative ≤ 1 year, annualised beyond.
About the fund
The BlackRock Energy and Resources Trust is a closed-end equity mutual fund established by BlackRock, Inc. Its operations are jointly managed by BlackRock Advisors, LLC and BlackRock International Limited. This fund allocates capital to public equity markets worldwide, with a strong focus on opportunities within the United States. It specifically targets companies operating within the energy and natural resources sectors, investing in businesses regardless of their market capitalization. Additionally, the trust utilizes equity derivatives as part of its strategy, notably engaging in option writing. Originally named the BlackRock Global Energy and Resources Trust, this U.S.-domiciled fund commenced operations on December 23, 2004.
CEF Explorer research page for BlackRock Energy & Resources Trust. Figures carry their own dates and sources; a discount to NAV does not guarantee convergence or any return. This is not investment advice.