# BlackRock Energy and Resources Trust (BGR): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/bgr 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: Thematic · Inception: 2004-12-23 The BlackRock Energy and Resources Trust is a closed-end equity mutual fund established by BlackRock, Inc. Its operations are jointly managed by BlackRock Advisors, LLC and BlackRock International Limited. This fund allocates capital to public equity markets worldwide, with a strong focus on opportunities within the United States. It specifically targets companies operating within the energy and natural resources sectors, investing in businesses regardless of their market capitalization. Additionally, the trust utilizes equity derivatives as part of its strategy, notably engaging in option... ## Key Facts | Metric | Value | |---|---| | Price | $18.36 | | Expense Ratio | 1.23% | | Assets Under Management | $520.8M | | NAV | $20.46 | | Holdings Count | 30 | | Distribution Yield (TTM) | 6.36% | | Annual Distribution (TTM) | $1.17 /share | | Distribution Frequency | Monthly | | 52-Week Range | $12.92 – $18.43 | | Beta | 0.38 | ## Latest Distribution - Amount: $0.0973 /share - Ex-date: 2026-12-11 - Pay date: 2026-12-22 ## Frequently Asked Questions ### What does BGR invest in? The BlackRock Energy and Resources Trust is a closed-end equity mutual fund established by BlackRock, Inc. Its operations are jointly managed by BlackRock Advisors, LLC and BlackRock International Limited. This fund allocates capital to public equity markets worldwide, with a strong focus on opportunities within the United States. It specifically targets companies operating within the energy and natural resources sectors, investing in businesses regardless of their market capitalization. Additionally, the trust utilizes equity derivatives as part of its strategy, notably engaging in option writing. Originally named the BlackRock Global Energy and Resources Trust, this U.S.-domiciled fund commenced operations on December 23, 2004. ### What is the expense ratio of BGR? BlackRock Energy and Resources Trust (BGR) charges an expense ratio of 1.23%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is BGR? BlackRock Energy and Resources Trust (BGR) manages $520.8M 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 BGR actively managed or an index fund? BGR's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy. ### When was BGR launched? BlackRock Energy and Resources Trust (BGR) launched in December 2004 and is managed by BlackRock. ### How has BGR performed? BGR'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 BGR pay a dividend? BlackRock Energy and Resources Trust (BGR) currently distributes little or no income. Trailing-twelve-month yield is 6.36%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does BGR pay dividends? BlackRock Energy and Resources 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 BGR's dividend yield? BGR's trailing-twelve-month yield is 6.36%, calculated from the sum of dividends over the past year divided by the current price. ### When is BGR's next ex-dividend date? The most recently announced ex-dividend date for BGR 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 BGR's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 1.23% 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 BGR charge its expense ratio? The expense ratio is deducted in tiny daily slices from BGR'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 BGR cost more than a fund like VOO? BGR's strategy (current expense ratio 1.23%) is different from a broad-market index tracker like VOO, so its fee belongs to a different cohort. The Cost Verdict card above shows you where BGR sits within its own category, which is the comparison that actually matters. ### Are there cheaper alternatives to BGR? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as BGR (1.23%) 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/bgr - Distribution history: https://www.dividenddata.com/funds/bgr/dividend - Holdings & diversification: https://www.dividenddata.com/funds/bgr/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/bgr/expenses - Peer comparison: https://www.dividenddata.com/funds/bgr/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.