BCX - BlackRock Resources & Commodities Strategy Trust

What this means for you

No investor has reported owning 5% or more of this fund. That is the normal state for most closed-end funds.

Nothing is required of you. If that changes, the notice appears here within a day of being filed with the regulator.

Email me if this changes

What happened, and when

1. May 21, 2025

   The buy-back ended; the fund paid $9.7314 a share.

   Original document →

2. May 20, 2025

   The buy-back ended; an early count says holders offered 18.1% of all shares.

   Original document →

3. April 16, 2025

   The fund offered to buy back 2.5% of its shares at 98% of value, until May 19, 2025.

   Original document →

4. Feb 26, 2025

   The buy-back ended; the fund paid $9.7706 a share.

   Original document →

5. Feb 25, 2025

   The buy-back ended; an early count says holders offered 22.1% of all shares.

   Original document →

About this fund

• Run by BlackRock Advisors, LLC. Part of the BlackRock-advised Funds fund family. As of Dec 31, 2025, from the fund's yearly report. Original document →
• Size: about $917 million of holdings, as of June 30, 2026. As of June 30, 2026, from the fund's quarterly holdings report. Original document →
• Borrowing: the fund does not borrow. As of June 30, 2026, from the fund's quarterly holdings report. Original document →
• Costs: 1% a year in management fees; 1.2% a year in total, including interest on borrowed money. Fiscal year ended Dec 31, 2025. As of Dec 31, 2025, from the fund's yearly report. Original document →
• Payouts: last fiscal year (ended Dec 31, 2025) the fund paid $0.84 a share. $0.29 of that was income; $0.55 was your own money back, not income. As of Dec 31, 2025, from the fund's annual report. Original document →
• Value of holdings per share at the last fiscal year end (Dec 31, 2025): $11.54. The shares traded at $10.98, about 4.9% below that. As of Dec 31, 2025, from the fund's yearly report. Original document →
• How the holdings did: down 9.4% over the last three months we have (April-June 2026), before the share price is taken into account. Over the last 12 months: +26.5%. As of June 30, 2026, from the fund's quarterly holdings report. Original document →
• How the holdings did over the fiscal year (ended Dec 31, 2025): the value of the holdings returned +31.3%. How the share price did: the shares returned +40.1% over the same year, counting payouts and the change in the market price. As of Dec 31, 2025, from the fund's annual report. Original document →
• First reported to the regulator in 2010.

What the fund holds

Mostly shares (97%), the rest cash and short-term holdings. About 36% issued in the U.S.

1. Shell PLC - 7.8%
2. Exxon Mobil - 7.4%
3. Wheaton Precious Metals - 5.4%
4. Chevron - 5.3%
5. Glencore PLC - 4.5%
6. Nutrien - 4.5%
7. Anglo American PLC - 4.4%
8. Corteva - 4.1%
9. Suncor Energy - 3.5%
10. Barrick Mining - 3.3%

As of June 30, 2026, from the fund's quarterly holdings report. Original document →