BlackRock Technology and Private Equity Term Trust (BTX) - yields 7.4%
Posted: Thu Jul 16, 2026 2:41 pm
BlackRock Technology and Private Equity Term Trust (BTX) - yields 7.4% as I write this, so we're getting paid handsomely while we wait for those gains to materialize.
Plus, the performance of this CEF's underlying portfolio, or its "total NAV return" in CEF-speak, has earned enough over the past 12 months - 43.8%, to be exact - to pay that dividend many times over, so the payout looks safe (and is paid monthly, to boot).
This is possible with CEFs like BTX because their closed-share structure lets the market over- or underprice a fund relative to how its portfolio is doing.
That's the start of our opportunity with BTX. To get at it in full, we first need to talk about why investors are suddenly nervous about one corner of tech in particular: semiconductors.
Plus, the performance of this CEF's underlying portfolio, or its "total NAV return" in CEF-speak, has earned enough over the past 12 months - 43.8%, to be exact - to pay that dividend many times over, so the payout looks safe (and is paid monthly, to boot).
This 7.4%-Paying Tech Fund Is Soaring, Inside and Out 
There's something else about this chart that I want to draw your attention to: the purple line, or the fund's total return based on market price (which is more influenced by investor sentiment). It trails the fund's NAV, and the gap has been widening.This is possible with CEFs like BTX because their closed-share structure lets the market over- or underprice a fund relative to how its portfolio is doing.
That's the start of our opportunity with BTX. To get at it in full, we first need to talk about why investors are suddenly nervous about one corner of tech in particular: semiconductors.