BST

BlackRock Science and Technology Trust is a closed-end equity mutual fund that invests primarily in equity securities of science and technology companies worldwide. Managed by BlackRock Advisors, LLC, the fund provides investors with exposure to innovative companies across diverse technology sectors including information technology, biotechnology, semiconductors, internet and software, healthcare technology, telecommunications, and other science and technology-driven industries. The investment strategy seeks capital appreciation through investing in companies positioned to benefit from technological innovation and advancement. The fund's portfolio emphasizes growth-oriented technology companies at various stages of development from established leaders to emerging innovators. Investment focus includes areas such as artificial intelligence, cloud computing, cybersecurity, semiconductors, software, internet platforms, biotechnology, medical devices, telecommunications equipment, and other technology-enabled businesses. The investment team conducts fundamental research to identify companies with strong competitive positions, innovative products or services, capable management teams, attractive growth prospects, and reasonable valuations. The fund may invest globally, providing exposure to technology innovation across geographic markets. As a closed-end fund, BlackRock Science and Technology Trust issues a fixed number of shares that trade on exchanges, often at premiums or discounts to net asset value (NAV). The fund may employ leverage through borrowings or derivatives to potentially enhance returns, though leverage increases volatility and risk. The trust provides distributions to shareholders from dividends, capital gains, and potentially return of capital. The fund serves investors seeking concentrated exposure to the technology sector through a professionally managed, diversified portfolio. Technology stocks offer significant growth potential but also carry higher volatility, disruption risks, and valuation sensitivity. The fund's performance is significantly influenced by technology sector fundamentals, innovation cycles, regulatory developments affecting technology companies, overall market conditions, and the fund's discount or premium to NAV. The concentrated sector focus creates amplified exposure to technology trends but also higher volatility compared to diversified equity funds.