BlackRock Innovation and Growth Term Trust (NYSE: BIGZ) is a closed-end management investment company sponsored by BlackRock Fund Advisors. Launched in May 2020, the trust is structured with a predetermined termination date and trades on the New York Stock Exchange. As a term trust, BIGZ offers investors exposure to a diversified portfolio of growth-oriented equity and equity-related securities, with the goal of delivering long-term capital appreciation.
The trust pursues its investment objective by focusing on companies that are positioned to benefit from innovation, technological advancements and structural shifts across multiple industries. Portfolio managers employ fundamental, research-driven analysis to identify firms with strong growth potential in sectors such as technology, healthcare, industrials and consumer discretionary. BIGZ may hold common stocks, preferred securities, convertible securities, depositary receipts and other equity-linked instruments to build a diversified growth portfolio.
While the majority of the portfolio is typically allocated to U.S. issuers, BIGZ may also invest in securities of non-U.S. companies, including those in developed and emerging markets. The trust is non-diversified, enabling it to make higher-conviction investments when managers identify attractive opportunities. Currency exposure, sector positioning and company selection are guided by BlackRock’s global research platform and risk-management framework.
BigZ pays monthly distributions of net investment income and capital gains, providing a steady income stream in addition to potential capital appreciation. The trust’s management team leverages BlackRock’s deep resources in equity research, portfolio construction and risk oversight. Upon reaching its scheduled termination date, BIGZ will liquidate its assets at net asset value unless the board of trustees elects to extend the trust’s term.
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