BlackRock Science and Technology Term Trust is a closed-ended equity mutual fund launched by BlackRock, Inc. The fund is managed by BlackRock Advisors, LLC. It invests in public equity markets across the globe. The fund seeks to invest in stocks of companies operating in the science and technology sectors. It primarily invests in growth stocks of companies across all market …
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Competitive advantage assessment
Key strengths
Premium Fee MarginsFee margin quality is strong (score 0.78).
High Return on EquityReturn on equity ranks highly vs peers (score 0.84).
Key risks
AUM Retention RiskRevenue stickiness is low (stability score 0.25).
Volatile Capital ReturnsReturn volatility is elevated (score 0.11).
The dashed ring is the peer median. Defense scores are percentile ranks
against peers, so 50 is roughly the typical company in this group.
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BlackRock Science and Technolog ranks #10 of 173
scored companies in Asset Management by moat score — the top 6%.
The widest moat in the group is Sound Point Meridian Capital Inc (SPMC)
at 77/100.
Moat scores for companies ranked near BSTZ in Asset Management
How BSTZ scores on the Asset Management Specialized defenses
Fee Revenue Quality
Score 87
· 20% of the moat score
Fee revenue quality is the ability to charge above the industry's falling average and keep charging it.
Client Retention & Revenue Stickiness
Score 56
· 18% of the moat score
Assets under management leave far more easily than they arrive, and the fee leaves with them.
Compensation Discipline
Score 69
· 18% of the moat score
Compensation is the largest expense in asset management and the one that decides whether a good year ever reaches shareholders.
Capital Efficiency
Score 62
· 20% of the moat score
Asset managers are asset-light: with little capital employed, a healthy business should earn a very high return on equity, and a merely average one is a real warning.
Earnings Quality & Cash Conversion
Score 58
· 14% of the moat score
Reported profits here can be flattered by performance fees, seed-capital gains and consolidated fund accounting, none of which recur reliably.
Balance Sheet Strength
Score 90
· 10% of the moat score
Because the business needs so little capital, an asset manager carrying meaningful debt has usually borrowed to buy another manager or to fund distributions.
What is BlackRock Science and Technolog's moat score?
BlackRock Science and Technolog (BSTZ) scores 69 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as moderate. It ranks #10 of 173 scored companies in Asset Management, the top 6%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 174 companies in Asset Management. Its strongest defense is Balance Sheet Strength (90/100) and its weakest is Client Retention & Revenue Stickiness (56/100).
How does BlackRock Science and Technolog compare with other Asset Management companies?
BlackRock Science and Technolog ranks #10 of 173 scored companies in Asset Management by moat score. The widest moat in Asset Management is Sound Point Meridian Capital Inc (SPMC) at 77/100. The companies ranked closest are AllianceBernstein Holding L.P. (AB) at 71 just above it and BlackRock ESG Capital Allocation Term Trust (ECAT) at 68 just below it.
How is the moat score calculated?
Each company is scored with an industry-specific template — Asset Management Specialized in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 174 companies in Asset Management. The defenses are then weighted to produce the overall score out of 100.
Why is BlackRock Science and Technolog scored with the Asset Management Specialized template?
An asset manager owns almost nothing. It charges a fee on someone else's money, pays much of that fee out in compensation, and keeps the remainder — so its economics turn on the fee rate it can defend, whether client money stays, and how much revenue survives the bonus pool. The Asset Management template scores those questions rather than the balance sheet, which in this industry is largely beside the point.
Which competitive defenses are measured for BlackRock Science and Technolog?
The Asset Management Specialized template measures 6 defenses, and BSTZ scores: Fee Revenue Quality (87), Client Retention & Revenue Stickiness (56), Compensation Discipline (69), Capital Efficiency (62), Earnings Quality & Cash Conversion (58), Balance Sheet Strength (90). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.
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