In plain terms — BlackRock Enhanced International Dividend Trust
Shares currently cost about 12.6% less than the value of the assets behind them (a discount).
Over the past year it has averaged a 8.9% 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 9.3% a year of the share price (8.1% 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 $1.14 of assets — a ReinvestCapture™ rate of 10.7%, more than the payout rate itself. That is buying power, not a return.
The assets themselves grew 8.7% over the past year including distributions (NAV total return).
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Price and NAV, past year
Snapshot
Valuation vs. history
| Window | Average prem/disc | Std. dev. | Z-score | Observations |
|---|---|---|---|---|
| 3 months | -10.01% | 0.87% | -0.21 | 55 |
| 6 months | -10.12% | 0.91% | -0.08 | 106 |
| 1 year | -8.90% | 1.64% | -0.79 | 208 |
| 3 years | -10.13% | — | — | — |
| 5 years | -10.49% | — | — | — |
Current contemporaneous premium/discount -10.19% (close Oct 14, 2026 vs NAV Oct 13, 2026). 1-year range -12.32% to -5.41%. 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 | -4.30% | -3.64% | -5.44% | -2.97% | +4.16% | -2.22% |
| Market price total return | -3.59% | -1.50% | +1.02% | +5.96% | +13.00% | +5.86% |
| NAV return | -2.33% | -1.41% | -0.32% | +0.32% | +3.04% | -1.23% |
| NAV total return | -1.68% | +0.57% | +5.85% | +8.74% | +10.92% | +6.06% |
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 Enhanced International Dividend Trust (BGY) is a closed-end equity fund launched by BlackRock, Inc. Its management is a collaborative effort between BlackRock Advisors, LLC and BlackRock International Limited. This trust primarily invests in public stock markets around the world, specifically excluding the United States. It aims to diversify its portfolio by investing in companies across various industry sectors and considering all market capitalizations. A significant aspect of its investment strategy involves using derivatives, with a particular focus on writing options. The fund gauges its performance against the S&P Global ex-U.S. Broad Market Index. It was originally established on May 30, 2007, under its former name, the BlackRock International Growth and Income Trust, and is domiciled in the United States.
CEF Explorer research page for BlackRock Enhanced International Dividend Trust. Figures carry their own dates and sources; a discount to NAV does not guarantee convergence or any return. This is not investment advice.