# Blackrock Resources & Commodities Strategy Trust (BCX): Closed-End Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/bcx for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: BlackRock · Asset class: Equity - Strategy: Actively Managed · Inception: 2011-03-30 The Blackrock Resources & Commodities Strategy Trust functions as a closed-end equity mutual fund, initially established by BlackRock, Inc. Its ongoing management is a joint effort between BlackRock Advisors, LLC and BlackRock International Limited. The fund primarily focuses its investments on publicly traded U.S. companies within the commodities and natural resources sectors. In addition to direct stock investments, it also utilizes derivatives, with a notable emphasis on writing options, to gain exposure to businesses in these same industries. This trust was formally constituted on March... ## Key Facts | Metric | Value | |---|---| | Price | $11.93 | | Expense Ratio | 1.20% | | Assets Under Management | $1.01B | | NAV | $13.25 | | Holdings Count | 47 | | Distribution Yield (TTM) | 7.01% | | Annual Distribution (TTM) | $0.84 /share | | Distribution Frequency | Monthly | | 52-Week Range | $9.70 – $13.86 | | Beta | 0.59 | ## Latest Distribution - Amount: $0.0697 /share - Ex-date: 2026-10-15 - Pay date: 2026-10-30 ## Next Distribution (Declared) - Amount: $0.0697 /share - Ex-date: 2026-11-13 - Pay date: 2026-11-30 ## Frequently Asked Questions ### What does BCX invest in? The Blackrock Resources & Commodities Strategy Trust functions as a closed-end equity mutual fund, initially established by BlackRock, Inc. Its ongoing management is a joint effort between BlackRock Advisors, LLC and BlackRock International Limited. The fund primarily focuses its investments on publicly traded U.S. companies within the commodities and natural resources sectors. In addition to direct stock investments, it also utilizes derivatives, with a notable emphasis on writing options, to gain exposure to businesses in these same industries. This trust was formally constituted on March 30, 2011, and is legally domiciled in the United States. ### What is the expense ratio of BCX? Blackrock Resources & Commodities Strategy Trust (BCX) charges an expense ratio of 1.20%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is BCX? Blackrock Resources & Commodities Strategy Trust (BCX) manages $1.01B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is BCX actively managed or an index fund? BCX is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (BCX's is 1.20%) in exchange for the discretion to over- or under-weight positions. ### When was BCX launched? Blackrock Resources & Commodities Strategy Trust (BCX) launched in March 2011 and is managed by BlackRock. ### How has BCX performed? BCX's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon. ### Does BCX pay a dividend? Blackrock Resources & Commodities Strategy Trust (BCX) currently distributes little or no income. Trailing-twelve-month yield is 7.01%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does BCX pay dividends? Blackrock Resources & Commodities Strategy Trust pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is BCX's dividend yield? BCX's trailing-twelve-month yield is 7.01%, calculated from the sum of dividends over the past year divided by the current price. ### When is BCX's next ex-dividend date? The most recently announced ex-dividend date for BCX was 2026-12-11. The next ex-date typically follows Monthly; once announced it appears at the top of the dividend history table on this page. ### How much will BCX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 1.20% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does BCX charge its expense ratio? The expense ratio is deducted in tiny daily slices from BCX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does BCX cost more than a fund like VOO? BCX is actively managed (current expense ratio 1.20%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether BCX's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to BCX? The Lower-Fee Alternatives card above lists closed-end funds following the same investment strategy as BCX (1.20%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/bcx - Distribution history: https://www.dividenddata.com/funds/bcx/dividend - Holdings & diversification: https://www.dividenddata.com/funds/bcx/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/bcx/expenses - Peer comparison: https://www.dividenddata.com/funds/bcx/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.