In plain terms — BlackRock Enhanced Global Dividend Trust
Shares currently cost about 13.7% less than the value of the assets behind them (a discount).
Over the past year it has averaged a 9.2% discount, so today's level is somewhat wide for this fund (Z-score -1.5). That describes the past; it does not predict where the discount goes next.
It pays regular distributions worth about 8.7% a year of the share price (7.5% 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 $1.16 of assets — a ReinvestCapture™ rate of 10.0%, more than the payout rate itself. That is buying power, not a return.
The assets themselves grew 11.7% 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 | -8.72% | 1.58% | -1.36 | 55 |
| 6 months | -8.94% | 1.37% | -1.40 | 106 |
| 1 year | -9.23% | 1.10% | -1.48 | 208 |
| 3 years | -10.74% | — | — | — |
| 5 years | -11.09% | — | — | — |
Current contemporaneous premium/discount -10.86% (close Oct 14, 2026 vs NAV Oct 13, 2026). 1-year range -12.85% to -6.41%. 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 | -4.60% | -4.60% | -0.77% | +0.52% | +7.43% | -0.49% |
| Market price total return | -3.95% | -2.65% | +5.64% | +9.33% | +16.22% | +7.45% |
| NAV return | -0.38% | +0.53% | +2.87% | +3.51% | +6.46% | +0.32% |
| NAV total return | +0.25% | +2.42% | +8.90% | +11.73% | +14.24% | +7.43% |
Through Oct 14, 2026. Total return reinvests distributions at the series value on the ex-date. Cumulative ≤ 1 year, annualised beyond.
About the fund
Operated by BlackRock, Inc., the BlackRock Enhanced Global Dividend Trust functions as a closed-end equity mutual fund. Its investment portfolio is jointly overseen by BlackRock Advisors, LLC and BlackRock International Limited. The trust allocates capital across global public equity markets, targeting companies spanning diverse sectors and all market capitalization sizes. Furthermore, its strategy incorporates investments in derivatives, specifically emphasizing options tied to equity securities or market indices. Performance measurement for the trust's holdings is benchmarked against the S&P Global Broad Market Index. Established on May 31, 2005, and based in the United States, this trust was previously identified as the BlackRock Global Opportunities Equity Trust.
CEF Explorer research page for BlackRock Enhanced Global 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.