In plain terms — BlackRock Enhanced Large Cap Core Fund
Shares currently cost about 3.5% less than the value of the assets behind them (a discount).
Over the past year it has averaged a 0.9% premium, so today's level is somewhat wide for this fund (Z-score -1.3). That describes the past; it does not predict where the discount goes next.
It pays regular distributions worth about 7.1% a year of the share price (6.9% 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 $1.04 of assets — a ReinvestCapture™ rate of 7.4%, more than the payout rate itself. That is buying power, not a return.
The assets themselves grew 22.9% over the past year including distributions (NAV total return).
Annual costs are 0.93% 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 | +0.80% | 1.47% | -1.68 | 55 |
| 6 months | +1.34% | 1.77% | -1.70 | 106 |
| 1 year | +0.93% | 1.93% | -1.35 | 208 |
| 3 years | -4.34% | — | — | — |
| 5 years | -3.69% | — | — | — |
Current contemporaneous premium/discount -1.67% (close Oct 14, 2026 vs NAV Oct 13, 2026). 1-year range -3.33% to +6.13%. 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 | -1.53% | -8.23% | +1.63% | +1.89% | +9.15% | +2.67% |
| Market price total return | -0.95% | -6.65% | +7.20% | +19.83% | +20.56% | +12.97% |
| NAV return | +2.51% | +0.25% | +8.49% | +4.16% | +9.93% | +2.81% |
| NAV total return | +3.12% | +2.01% | +14.51% | +22.94% | +21.21% | +12.80% |
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 Capital and Income Fund, Inc. (CII) functions as a closed-end investment vehicle dedicated to equity securities, originally launched by BlackRock, Inc. Management responsibilities for this fund are handled by BlackRock Advisors, LLC. It strategically deploys capital in public stock markets across the globe, with an objective to acquire holdings in companies that span a wide array of sectors. A key component of its investment strategy also involves the utilization of derivative instruments, notably emphasizing the practice of selling call options. This U.S.-based fund began its operations on April 30, 2004, having previously operated under the name Capital & Income Strategies Fund, Inc.
CEF Explorer research page for BlackRock Enhanced Large Cap Core Fund, Inc.. Figures carry their own dates and sources; a discount to NAV does not guarantee convergence or any return. This is not investment advice.