BlackRock Energy and Resources Income Trust plc (BERI)

Profile

https://www.blackrock.co.uk/individual/products/investment-trust/blackrock-commodities-income-investment-trust

BlackRock Energy and Resources Income Trust plc is a UK-domiciled closed-ended investment trust launched in December 2005. It aims to deliver an annual dividend target alongside long-term capital growth by investing primarily in securities of companies in the mining, energy, and natural resources sectors. The portfolio, typically comprising 30 to 150 securities, focuses on firms involved in metals extraction like copper, nickel, zinc, and aluminium, as well as renewable and traditional energy sources including fossil fuels, eco-friendly energy, energy storage, and efficiency technologies. Approximately one-third of assets target renewables and sustainability themes supporting the global shift to a lower-carbon economy. Sector allocations emphasize basic materials (around 32%), energy (30%), and utilities (19%), with geographic diversity across the United States (38%), Canada (18%), and the United Kingdom (16%). Managed by BlackRock's Natural Resources team, led by Tom Holl and Mark Hume, the trust offers quarterly dividends, maintains a market capitalization of about £180 million, total assets near £196 million, and an ongoing charge of approximately 1.2%. It plays a key role in providing investors exposure to essential global commodities driving economic growth and energy transition.