Company: BSTZ
Filing Date: 2025-03-07
Form Type: N-CSR
Source: 0001193125-25-049659
Chunk: 34

Company: BlackRock Science & Technology Term Trust
Filing Date: 2025-03-07
Form: N-CSR
Chunk 34
---
 market price on the NYSE and reflects the reinvestment of dividends and/or distributions at actual reinvestment prices. (b) An index that includes large- and mid-cap securities across certain developed markets countries and certain emerging markets countries. All securities in the index are classified in the Information Technology sector as per the Global Industry Classification Standard.

Trust Summary 37

Trust Summary as of December 31, 2024 (continued) BlackRock Science and Technology Trust (BST)

Performance Returns for the period ended December 31, 2024 were as follows:

|                                                          | Average Annual Total Returns |         |          |
|                                                          |                       1 Year | 5 Years | 10 Years |
| Trust at NAV(a)(b)                                       |                       23.84% |  12.58% |   15.76% |
| Trust at Market Price(a)(b)                              |                        18.01 |   10.24 |    15.99 |
| MSCI ACWI Information Technology Call Overwrite Index(c) |                        31.00 |   16.62 |      N/A |
| MSCI ACWI Information Technology Index                   |                        31.59 |   20.50 |    19.16 |

Performance results may include adjustments made for financial reporting purposes in accordance with U.S. generally accepted accounting principles.
Past performance is not an indication of future results. The Trust is presenting the performance of one or more indices for informational purposes only. The Trust is actively managed and does not seek to track or replicate the performance of any index. The index performance shown is not intended to be indicative of the Trust’s investment strategies, portfolio components or past or future performance. More information about the Trust’s historical performance can be found in the “Closed End Funds” section of blackrock.com . The following discussion relates to the Trust’s relative performance based on NAV: What factors influenced performance? At the sector level, an underweight in the hardware sub-sector and security selection in the semiconductors sub-sector made positive contributions to relative performance. An out-of-benchmark position in the connectivity solutions company Credo Technology Group Holding Ltd. was the largest contributor among the Trust’s individual holdings. Toward the end of the period, the company announced better-than-expected earnings and delivered robust revenue guidance on the strength of resilient AI data center demand. A zero weighting in Samsung Electronics Co., Ltd. was also among the largest contributors, as investors questioned the semiconductor company’s ability to keep up with its