BGR - BlackRock Energy & Resources Trust

What this means for you

City of London owned more than 5% of this fund and has since sold down below that level, so it no longer has to report its holding.

Nothing is required of you. If a large investor buys in again, the notice appears here the day it is filed.

Email me if this changes

What happened, and when

1. Feb 25, 2025

   The buy-back ended; the fund paid $13.8376 a share.

   Original document →

2. Feb 24, 2025

   The buy-back ended; an early count says holders offered 14.9% of all shares.

   Original document →

3. Jan 22, 2025

   The fund offered to buy back 2.5% of its shares at 98% of value, until Feb 21, 2025.

   Original document →

4. Dec 6, 2024

   City of London sold down below 5% and stopped reporting.

   Original document →

5. Nov 19, 2024

   The buy-back ended; the fund paid $14.5922 a share.

   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 $417 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 $1.17 a share. $0.36 of that was income; $0.81 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): $14.18. The shares traded at $13.54, about 4.5% below that. As of Dec 31, 2025, from the fund's yearly report. Original document →
• How the holdings did: down 12% over the last three months we have (April-June 2026), before the share price is taken into account. Over the last 12 months: +28.2%. 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 +12.4%. How the share price did: the shares returned +17.2% 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 2004.

What the fund holds

Mostly shares (99%), the rest cash and short-term holdings. About 62% issued in the U.S.

1. Exxon Mobil - 18.6%
2. Chevron - 10.8%
3. Shell PLC - 9.5%
4. TotalEnergies SE - 6.5%
5. Williams Cos Inc/The - 4.7%
6. Valero Energy - 4.6%
7. Targa Resources - 4.4%
8. ConocoPhillips - 4.2%
9. Cheniere Energy - 3.8%
10. Canadian Natural Resources - 3.6%

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