BlackRock Energy & Resources Trust

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BGR : NYSE : Financial
$14.53 | %
Today's Range: 14.36 - 14.56
Avg. Daily Volume: 91400.0
12/02/16 - 4:02 PM ET
  • Last Ratings Update:10/31/2016
  • Price as of 10/31/2016 :$13.79
  • Net Assets:$418.98 Million
  • NAV:$15.26
  • Premium-9.63%
  •   
  • Peer Rank:52 of 119
  • Investment Rating:D-
  • Performance:D-
  • RiskC
BGR Price Chart

SUMMARY


We rate BlackRock Energy & Resources at D-. Negative factors that influence this rating include a well below average total return. The fund invests approximately 100% of its assets in stocks and may be considered for investors seeking a Sector - Energy/Natural Res strategy.


POSITIVES AND RISKS


Total return ranks well below peers over the last three years. The BlackRock Energy & Resources has returned an annual rate of 4.03% since inception. More recently, the fund has generated a total return of -2.54% in the last five years, -8.26% in the last three years, and -2.40% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 18% of them. It has also outpaced 13% of its competitors on a three year basis and 20% of them over the last year for the period ending 10/31/2016. On a year to date basis, BGR has returned 19.26%.

Downside risk has been above average. BGR has a draw down risk of -55.80%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 23.1%. This fund has experienced a high level of volatility in its monthly performance over the last 36 months. As of 10/31/2016, the fund was trading at a price of $13.79, which is 5.8% below its 52-week high of $14.64 and 0.1% above its 52-week low of $13.77.

High expense ratio hinders performance. On total assets of $418.98 million, BGR maintains a high expense ratio compared to its Sector - Energy/Natural Res peers of 1.26% to cover all operating costs. Brokerage costs for the fund to buy and sell shares are not included in the expense ratio. As BGR is a closed end fund, it has no front end or back end load.

Manager lacks tenure and performance record lags managerial peers. Substandard fund managers tend to be replaced, so a long tenure is usually a good sign that a fund is achieving its objectives. The BlackRock Energy & Resources has been managed by Christopher M. Accettella for only 5 years. Over that period, the manager was able to capture more actual gains in excess of the expected return than just 34% of other fund managers.


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