In plain terms — BlackRock Science & Technology Trust
Shares currently cost about 6.3% less than the value of the assets behind them (a discount).
Over the past year it has averaged a 6.2% discount, so today's level is somewhat high for this fund (Z-score +1.4). That describes the past; it does not predict where the discount goes next.
It pays regular distributions worth about 6.2% 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, and a one-off special payment in the last year is excluded from the regular rate.
Because the shares trade below the value of their assets, each dollar of reinvested distributions buys about $1.07 of assets — a ReinvestCapture™ rate of 6.6%, more than the payout rate itself. That is buying power, not a return.
The assets themselves grew 36.7% over the past year including distributions (NAV total return).
Annual costs are 1.10% of assets.
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Price and NAV, past year
Snapshot
Valuation vs. history
| Window | Average prem/disc | Std. dev. | Z-score | Observations |
|---|---|---|---|---|
| 3 months | -4.71% | 2.01% | +0.67 | 55 |
| 6 months | -6.43% | 2.46% | +1.25 | 107 |
| 1 year | -6.19% | 2.07% | +1.37 | 209 |
| 3 years | -4.46% | — | — | — |
| 5 years | -3.08% | — | — | — |
Current contemporaneous premium/discount -3.36% (close Oct 14, 2026 vs NAV Oct 13, 2026). 1-year range -11.46% to -1.79%. 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 | -3.04% | +2.22% | +20.42% | +16.71% | +15.45% | -1.64% |
| Market price total return | +2.19% | +8.84% | +32.89% | +35.09% | +27.76% | +8.83% |
| NAV return | +1.09% | +0.41% | +22.13% | +18.93% | +17.54% | -1.47% |
| NAV total return | +6.41% | +6.71% | +34.21% | +36.74% | +29.55% | +8.70% |
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 Science and Technology Trust operates as a closed-end equity fund, established by BlackRock, Inc. Its management is overseen by BlackRock Advisors, LLC. The trust employs an investment strategy that involves both direct equity acquisitions and indirect exposure through derivatives, such as options, across public markets globally. It primarily targets companies operating within the scientific and technological sectors. The fund strategically allocates capital to both dividend-yielding and growth-oriented stocks, irrespective of their market capitalization. Inaugurated on October 28, 2014, the Trust is domiciled in the United States.
CEF Explorer research page for BlackRock Science & Technology Trust. Figures carry their own dates and sources; a discount to NAV does not guarantee convergence or any return. This is not investment advice.