Regulatory Filings • Mar 29, 2011
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Download Source FileN-Q 1 dnq.htm BLACKROCK GLOBAL OPPORTUNITIES EQUITY TRUST BlackRock Global Opportunities Equity Trust
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-Q
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY
Investment Company Act file number 811-21729
Name of Fund: BlackRock Global Opportunities Equity Trust (BOE)
Fund Address: 100 Bellevue Parkway, Wilmington, DE 19809
Name and address of agent for service: John M. Perlowski, Chief Executive Officer, BlackRock Global Opportunities Equity Trust, 55 East 52 nd Street, New York, NY 10055
Registrants telephone number, including area code: (800) 882-0052, Option 4
Date of fiscal year end: 10/31/2011
Date of reporting period: 01/31/2011
Item 1 Schedule of Investments
| Schedule of Investments January 31, 2011 (Unaudited) |
|---|
| (Percentages shown are based on Net Assets) |
| Common Stocks | ||
| Austria 0.3% | ||
| Erste Group Bank AG(a) | 84,300 | $ 4,211,837 |
| Belgium 0.7% | ||
| Anheuser-Busch InBev NV(a) | 175,300 | 9,672,556 |
| Brazil 2.0% | ||
| Banco Bradesco SA, Preference Shares(a) | 229,300 | 4,236,744 |
| BM&FBovespa SA(a) | 959,344 | 6,704,675 |
| Cia De Concessoes Rodoviarias(a) | 138,500 | 3,824,443 |
| Cia de Saneamento Basico do Estado de Sao Paulo - ADR(a) | 167,100 | 8,283,147 |
| PDG Realty SA Empreendimentos e Participacoes(a) | 678,400 | 3,752,271 |
| 26,801,280 | ||
| Canada 5.1% | ||
| Agrium, Inc.(a) | 99,400 | 8,785,966 |
| Bankers Petroleum Ltd.(a)(b) | 821,300 | 6,840,408 |
| Barrick Gold Corp.(a) | 209,400 | 9,948,594 |
| Manulife Financial Corp.(a) | 406,100 | 7,076,891 |
| Pacific Rubiales Energy Corp.(a) | 215,900 | 7,451,445 |
| Sun Life Financial, Inc.(a) | 218,400 | 6,872,506 |
| Toronto-Dominion Bank (The)(a) | 65,500 | 4,903,261 |
| TransCanada Corp. | 277,800 | 10,139,901 |
| Viterra, Inc.(a) | 390,300 | 4,560,354 |
| 66,579,326 | ||
| China 1.1% | ||
| China Construction Bank Corp. - H Shares(a) | 6,589,600 | 5,823,582 |
| China Merchants Bank Co. Ltd. - H Shares(a) | 2,162,300 | 5,130,070 |
| E-Commerce China Dangdang, Inc. - ADR(a)(b) | 35,000 | 990,500 |
| Lentuo International, Inc. - ADR(b) | 170,900 | 1,211,681 |
| Want Want China Holdings Ltd. | 1,162,300 | 969,340 |
| 14,125,173 | ||
| Columbia 0.7% | ||
| Petrominerales Ltd.(a) | 221,000 | 8,616,208 |
| Denmark 1.0% | ||
| Carlsberg A/S, Class B(a) | 58,800 | 5,845,824 |
| Pandora A/S(a)(b) | 105,500 | 6,733,630 |
| 12,579,454 | ||
| Finland 0.3% | ||
| Nokia OYJ - ADR(a) | 317,200 | 3,394,040 |
| France 2.2% | ||
| AXA SA(a) | 321,900 | 6,812,617 |
| BNP Paribas(a) | 77,480 | 5,782,996 |
| PPR | 15,200 | 2,424,848 |
| Technip SA(a) | 96,100 | 9,336,063 |
| Unibail-Rodamco SE(a) | 25,926 | 4,949,740 |
| 29,306,264 | ||
| Germany 7.8% | ||
| Allianz SE(a) | 49,400 | 6,866,963 |
| BASF SE(a) | 67,700 | 5,211,818 |
| Bayer AG(a) | 83,600 | 6,172,978 |
| Bayerische Motoren Werke AG(a) | 83,200 | 6,385,360 |
| Deutsche Boerse AG(a) | 47,500 | 3,600,140 |
| Deutsche Post AG(a) | 431,700 | 7,929,150 |
| Deutsche Telekom AG(a) | 509,800 | 6,796,225 |
| Fresenius Medical Care AG & Co. KGaA(a) | 87,400 | 5,113,078 |
| K+S AG(a) | 117,900 | 8,721,453 |
| Kabel Deutschland Holding AG(a)(b) | 144,500 | 7,280,445 |
| Merck KGaA(a) | 30,000 | 2,567,157 |
| Metro AG(a) | 88,100 | 6,206,741 |
| SAP AG - ADR(a) | 153,300 | 8,876,070 |
| Siemens AG(a) | 78,400 | 10,050,374 |
| Volkswagen AG, Preference Shares(a) | 62,201 | 10,063,121 |
| 101,841,073 | ||
| Gibraltar 0.3% | ||
| PartyGaming Plc(a)(b) | 1,056,500 | 3,223,874 |
| Hong Kong 2.5% | ||
| AIA Group Ltd.(a)(b) | 2,836,400 | 7,803,452 |
| Cheung Kong Holdings Ltd. | 263,000 | 4,367,290 |
| China Resources Enterprise Ltd.(a) | 1,072,400 | 4,223,542 |
| China Unicom Hong Kong Ltd.(a) | 2,134,900 | 3,566,361 |
| CNOOC Ltd. - ADR | 3,700 | 823,842 |
| Hong Kong Exchanges and Clearing Ltd.(a) | 285,700 | 6,583,018 |
| Longtop Financial Technologies Ltd. - ADR(a)(b) | 129,900 | 4,273,710 |
| Wing Hang Bank Ltd. | 73,400 | 990,578 |
| 32,631,793 | ||
| India 0.3% | ||
| ICICI Bank Ltd. | 168,000 | 3,767,307 |
| Indonesia 0.3% | ||
| Adaro Energy Tbk PT | 12,396,300 | 3,111,119 |
| Bank Mandiri Tbk PT | 1,918,400 | 1,272,041 |
| 4,383,160 | ||
| Ireland 1.6% | ||
| Accenture Plc(a) | 152,200 | 7,833,734 |
| Covidien Plc | 155,100 | 7,362,597 |
| WPP Plc(a) | 517,000 | 6,393,661 |
| 21,589,992 | ||
| Israel 0.1% | ||
| Teva Pharmaceutical Industries Ltd. - ADR(a) | 19,500 | 1,065,675 |
| Italy 1.1% | ||
| ENI SpA(a) | 415,300 | 9,832,679 |
| Intesa Sanpaolo SpA(a) | 1,491,400 | 4,966,745 |
| 14,799,424 | ||
| Japan 11.2% | ||
| Bridgestone Corp.(a) | 400,800 | 7,702,921 |
| Canon, Inc.(a) | 175,200 | 8,623,997 |
| Dena Co., Ltd.(a) | 145,700 | 5,277,602 |
| Hino Motors Ltd.(a) | 1,638,100 | 9,242,360 |
| Honda Motor Co. Ltd.(a) | 313,400 | 13,508,227 |
| ITOCHU Corp.(a) | 1,346,500 | 14,656,146 |
| Japan Tobacco, Inc.(a) | 1,980 | 7,448,427 |
| JSR Corp.(a) | 468,500 | 9,659,334 |
| JTEKT Corp.(a) | 854,000 | 10,708,038 |
| Komatsu Ltd.(a) | 393,900 | 11,748,985 |
| Marubeni Corp.(a) | 1,209,300 | 9,104,737 |
| Mitsubishi Chemical Holdings Corp.(a) | 774,800 | 5,399,931 |
| Nomura Holdings, Inc.(a) | 354,900 | 2,164,060 |
| SMC Corp.(a) | 45,200 | 7,668,700 |
| Sumitomo Heavy Industries Ltd.(a) | 1,760,200 | 11,232,877 |
| Sumitomo Mitsui Financial Group, Inc.(a) | 187,400 | 6,371,599 |
| Tokio Marine Holdings, Inc.(a) | 199,600 | 5,946,823 |
| 146,464,764 |
JANUARY 31, 2011 1
| Schedule of Investments (continued) |
|---|
| (Percentages shown are based on Net Assets) |
| Common Stocks | ||
| Luxembourg 0.5% | ||
| APERAM - NY Registry Shares(b) | 8,715 | $ 355,136 |
| ArcelorMittal - NY Registry Shares(a) | 174,300 | 6,358,464 |
| 6,713,600 | ||
| Malaysia 0.5% | ||
| CIMB Group Holdings Bhd(a) | 2,148,800 | 5,903,523 |
| Mexico 0.8% | ||
| Fomento Economico Mexicano SAB de CV - ADR(a) | 92,200 | 4,893,054 |
| Grupo Mexico SAB de CV, Series B | 308,400 | 1,210,872 |
| Grupo Modelo SAB de CV, Series C(a) | 692,200 | 4,255,566 |
| 10,359,492 | ||
| Netherlands 3.4% | ||
| Aegon NV(a)(b) | 483,900 | 3,581,425 |
| Corio NV(a) | 42,000 | 2,743,217 |
| ING Groep NV(a)(b) | 475,700 | 5,416,978 |
| LyondellBasell Industries NV(b) | 240,000 | 8,625,600 |
| Royal Dutch Shell Plc, Class A - ADR(a) | 291,300 | 20,679,387 |
| VimpelCom Ltd. - ADR(a) | 295,000 | 4,082,800 |
| 45,129,407 | ||
| Norway 0.8% | ||
| Yara International ASA(a) | 184,300 | 10,377,590 |
| Poland 0.3% | ||
| KGHM Polska Miedz SA(a) | 66,200 | 3,874,537 |
| Russia 0.7% | ||
| Lukoil OAO - ADR(a) | 62,900 | 3,897,913 |
| Mail.ru Group Ltd. - GDR(b)(c) | 26,000 | 975,000 |
| Rosneft Oil Co. - GDR | 462,800 | 3,959,098 |
| 8,832,011 | ||
| Singapore 0.2% | ||
| CapitaLand Ltd.(a) | 1,066,451 | 3,016,123 |
| South Africa 0.4% | ||
| Bidvest Group Ltd. | 16,200 | 345,788 |
| Naspers Ltd.(a) | 94,800 | 4,935,357 |
| 5,281,145 | ||
| South Korea 2.7% | ||
| Dongbu Insurance Co. Ltd. | 163,300 | 6,631,293 |
| Kia Motors Corp.(a) | 171,300 | 8,392,591 |
| KT Corp. - ADR(a)(b) | 306,900 | 6,039,792 |
| LG Display Co. Ltd.(a) | 198,400 | 6,746,813 |
| Samsung Electronics Co. Ltd.(a) | 9,200 | 8,077,472 |
| 35,887,961 | ||
| Spain 0.9% | ||
| Telefonica SA(a) | 493,600 | 12,357,518 |
| Sweden 0.3% | ||
| Nordea Bank AB(a) | 293,100 | 3,556,308 |
| Switzerland 3.5% | ||
| ACE Ltd.(a) | 60,600 | 3,732,354 |
| Adecco SA(a) | 109,500 | 7,092,366 |
| Cie Financiere Richemont SA(a) | 81,600 | 4,441,763 |
| Julius Baer Group Ltd.(a) | 76,400 | 3,457,173 |
| Nestle SA(a) | 116,900 | 6,315,617 |
| Novartis AG(a) | 144,200 | 8,027,588 |
| Roche Holding AG(a) | 21,800 | 3,316,610 |
| UBS AG(a)(b) | 225,000 | 4,041,000 |
| Xstrata Plc(a) | 262,100 | 5,805,010 |
| 46,229,481 | ||
| Taiwan 0.4% | ||
| Siliconware Precision Industries Co. - ADR(a) | 464,700 | 3,220,371 |
| Taiwan Semiconductor Manufacturing Co. Ltd. - ADR(a) | 191,000 | 2,496,370 |
| 5,716,741 | ||
| Thailand 1.2% | ||
| Bangkok Bank Public Co. Ltd. | 849,700 | 4,151,012 |
| Banpu Public Co. Ltd. | 491,800 | 11,667,549 |
| 15,818,561 | ||
| United Kingdom 5.1% | ||
| Afren Plc(a)(b) | 3,500,934 | 8,136,094 |
| Barclays Plc - ADR(a) | 367,000 | 6,899,600 |
| Barratt Development Plc(a)(b) | 973,300 | 1,436,428 |
| Bellway Plc(a) | 137,900 | 1,351,894 |
| GlaxoSmithKline Plc(a) | 307,236 | 5,547,548 |
| HSBC Holdings Plc(a) | 892,430 | 9,730,177 |
| Invensys Plc(a) | 1,295,100 | 6,977,823 |
| Kazakhmys Plc(a) | 205,200 | 4,944,381 |
| Persimmon Plc(a) | 198,800 | 1,301,456 |
| Taylor Wimpey Plc(a)(b) | 2,850,000 | 1,580,301 |
| Tullow Oil Plc(a) | 370,900 | 7,890,915 |
| Vodafone Group Plc - ADR(a) | 415,200 | 11,775,072 |
| 67,571,689 | ||
| United States 39.4% | ||
| 3M Co.(a) | 87,500 | 7,693,000 |
| Abbott Laboratories(a) | 72,000 | 3,251,520 |
| Aetna, Inc.(a) | 54,800 | 1,805,112 |
| Allergan, Inc.(a) | 93,400 | 6,594,974 |
| American Electric Power Co., Inc.(a) | 245,500 | 8,759,440 |
| Ameriprise Financial, Inc.(a) | 76,600 | 4,722,390 |
| Amgen, Inc.(a)(b) | 94,500 | 5,205,060 |
| AMR Corp.(a)(b) | 917,200 | 6,466,260 |
| Apple, Inc.(a)(b) | 46,200 | 15,676,584 |
| Applied Materials, Inc.(a) | 356,900 | 5,599,761 |
| Arch Coal, Inc.(a) | 351,500 | 12,038,875 |
| AT&T Inc.(a) | 286,300 | 7,878,976 |
| Baxter International, Inc.(a) | 147,300 | 7,142,577 |
| Becton Dickinson & Co.(a) | 54,900 | 4,553,955 |
| Broadcom Corp., Class A(a) | 144,300 | 6,506,487 |
| Bunge Ltd.(a) | 74,400 | 5,064,408 |
| Cardinal Health, Inc.(a) | 83,700 | 3,474,387 |
| Carnival Corp.(a) | 148,900 | 6,657,319 |
| Celgene Corp.(a)(b) | 54,900 | 2,828,997 |
| Cisco Systems, Inc.(a)(b) | 434,700 | 9,193,905 |
| Citigroup, Inc.(a)(b) | 2,094,000 | 10,093,080 |
| Clorox Co.(a) | 91,900 | 5,779,591 |
| Comerica, Inc.(a) | 160,000 | 6,112,000 |
| ConAgra Foods, Inc.(a) | 264,000 | 5,895,120 |
| Corning, Inc.(a) | 334,000 | 7,418,140 |
| CVS Caremark Corp.(a) | 196,300 | 6,713,460 |
| Darden Restaurants, Inc.(a) | 137,900 | 6,496,469 |
| Delta Air Lines, Inc.(a)(b) | 395,200 | 4,611,984 |
| eBay, Inc.(a)(b) | 220,700 | 6,700,452 |
| Edison International(a) | 205,200 | 7,444,656 |
| EMC Corp.(a)(b) | 397,400 | 9,891,286 |
| Express Scripts, Inc.(a)(b) | 80,000 | 4,506,400 |
2 JANUARY 31, 2011
| Schedule of Investments (continued) |
|---|
| (Percentages shown are based on Net Assets) |
| Common Stocks | |||
| United States (concluded) | |||
| Federal Realty Investment Trust(a) | 82,000 | $ 6,595,260 | |
| FedEx Corp.(a) | 105,300 | 9,510,696 | |
| General Motors Co.(a)(b) | 126,300 | 4,608,687 | |
| Goldman Sachs Group, Inc. (The)(a) | 39,600 | 6,479,352 | |
| Google, Inc., Class A(a)(b) | 14,000 | 8,405,040 | |
| Henry Schein, Inc.(a)(b) | 72,300 | 4,747,218 | |
| Hewlett-Packard Co.(a) | 170,200 | 7,776,438 | |
| Huntsman Corp.(a) | 421,000 | 7,329,610 | |
| International Business Machines Corp.(a) | 87,400 | 14,158,800 | |
| JB Hunt Transport Services, Inc. | 10,993 | 450,713 | |
| JetBlue Airways Corp.(a)(b) | 794,000 | 4,764,000 | |
| Johnson & Johnson(a) | 87,700 | 5,241,829 | |
| JPMorgan Chase & Co.(a) | 216,300 | 9,720,522 | |
| KeyCorp(a) | 653,300 | 5,814,370 | |
| Kohls Corp.(a)(b) | 101,900 | 5,174,482 | |
| Laboratory Corp. of America Holdings(a)(b) | 36,400 | 3,272,724 | |
| Liberty Global, Inc., Class A(a)(b) | 216,000 | 8,760,960 | |
| Lincoln National Corp.(a) | 271,100 | 7,818,524 | |
| Manpower, Inc.(a) | 110,000 | 7,102,700 | |
| Medco Health Solutions, Inc.(a)(b) | 51,100 | 3,118,122 | |
| Medtronic, Inc.(a) | 120,200 | 4,606,064 | |
| Microsoft Corp.(a) | 345,000 | 9,565,125 | |
| News Corp., Class A(a) | 447,300 | 6,718,446 | |
| NII Holdings, Inc.(a)(b) | 107,800 | 4,525,444 | |
| NIKE, Inc., Class B(a) | 81,600 | 6,730,368 | |
| Norfolk Southern Corp.(a) | 139,400 | 8,529,886 | |
| Occidental Petroleum Corp.(a) | 82,200 | 7,947,096 | |
| Oracle Corp.(a) | 217,000 | 6,950,510 | |
| Peabody Energy Corp.(a) | 187,600 | 11,897,592 | |
| PepsiCo, Inc.(a) | 157,900 | 10,154,549 | |
| Pfizer, Inc.(a) | 351,000 | 6,395,220 | |
| Procter & Gamble Co. (The)(a) | 199,100 | 12,569,183 | |
| Qwest Communications International, Inc.(a) | 844,600 | 6,021,998 | |
| Rowan Cos., Inc.(a)(b) | 181,400 | 6,218,392 | |
| Sprint Nextel Corp.(a)(b) | 1,168,000 | 5,279,360 | |
| Stanley Black & Decker, Inc.(a) | 97,000 | 7,049,960 | |
| Stillwater Mining Co.(a)(b) | 175,000 | 3,794,000 | |
| T. Rowe Price Group, Inc.(a) | 125,000 | 8,240,000 | |
| Target Corp.(a) | 93,400 | 5,121,122 | |
| Texas Instruments, Inc.(a) | 208,000 | 7,053,280 | |
| U.S. BanCorp(a) | 238,000 | 6,426,000 | |
| United States Steel Corp.(a) | 156,300 | 9,013,821 | |
| Verizon Communications, Inc.(a) | 181,400 | 6,461,468 | |
| Wells Fargo & Co.(a) | 219,600 | 7,119,433 | |
| 518,014,989 | |||
| Total Long-Term Investments (Cost $1,225,200,399) 99.7% | 1,309,693,876 | ||
| Short-Term Securities | |||
| BlackRock Liquidity Funds, TempFund, Institutional Class, | |||
| 0.17%(d)(e) | 18,225,585 | 18,225,585 | |
| Total Short-Term Securities (Cost $18,225,585) 1.4% | 18,225,585 | ||
| Total Investments Before Outstanding Options Written (Cost $1,243,425,984*) 101.1% | 1,327,919,461 | ||
| Contracts | |||
| Options Written | |||
| Exchange-Traded Call Options Written (0.6)% | |||
| 3M Co., Strike Price USD 90, Expires 3/21/11 | 480 | (56,639 | ) |
| Abbott Laboratories, Strike Price USD 49, Expires 2/22/11 | 715 | (1,429 | ) |
| Accenture Plc, Strike Price USD 52.50, Expires 3/21/11 | 560 | (50,400 | ) |
| Aetna, Inc., Strike Price USD 31, Expires 2/22/11 | 150 | (33,525 | ) |
| Aetna, Inc., Strike Price USD 34, Expires 3/21/11 | 160 | (12,800 | ) |
| Agrium, Inc., Strike Price USD 85, Expires 2/22/11 | 276 | (136,620 | ) |
| Agrium, Inc., Strike Price USD 90, Expires 3/21/11 | 270 | (99,900 | ) |
| Allergan, Inc., Strike Price USD 72.50, Expires 3/21/11 | 515 | (77,250 | ) |
| Amgen, Inc., Strike Price USD 57.50, Expires 2/22/11 | 150 | (2,775 | ) |
| Amgen, Inc., Strike Price USD 57.50, Expires 3/21/11 | 370 | (22,755 | ) |
| AMR Corp., Strike Price USD 8, Expires 2/22/11 | 1,720 | (11,180 | ) |
| AMR Corp., Strike Price USD 9, Expires 2/22/11 | 1,720 | (4,300 | ) |
| AMR Corp., Strike Price USD 8, Expires 3/21/11 | 1,800 | (32,400 | ) |
| Apple, Inc., Strike Price USD 345, Expires 4/18/11 | 250 | (354,375 | ) |
| ArcelorMittal, Strike Price USD 39, Expires 3/21/11 | 100 | (17,000 | ) |
| ArcelorMittal - NY Registry Shares, Strike Price USD 37, Expires 2/22/11 | 430 | (116,530 | ) |
| ArcelorMittal - NY Registry Shares, Strike Price USD 38, Expires 2/22/11 | 430 | (49,450 | ) |
| Arch Coal, Inc., Strike Price USD 34, Expires 2/21/11 | 500 | (70,750 | ) |
| Arch Coal, Inc., Strike Price USD 35, Expires 2/22/11 | 1,000 | (93,500 | ) |
| Arch Coal, Inc., Strike Price USD 35, Expires 3/21/11 | 500 | (82,000 | ) |
| AT&T Inc., Strike Price USD 30, Expires 2/22/11 | 125 | (188 | ) |
| AT&T Inc., Strike Price USD 29, Expires 2/22/11 | 1,441 | (6,484 | ) |
| Barclays Plc, Strike Price USD 19, Expires 3/21/11 | 1,010 | (88,375 | ) |
| Barclays Plc, Strike Price USD 20, Expires 3/21/11 | 1,010 | (47,975 | ) |
| Barrick Gold Corp., Strike Price USD 47, Expires 3/21/11 | 1,150 | (270,250 | ) |
| Baxter International, Inc., Strike Price USD 52.50, Expires 2/22/11 | 810 | (4,050 | ) |
| Becton Dickinson & Co., Strike Price USD 85, Expires 3/21/11 | 370 | (28,675 | ) |
| Broadcom Corp., Class A, Strike Price USD 47, Expires 2/22/11 | 800 | (58,800 | ) |
| Bunge Ltd., Strike Price USD 70, Expires 2/21/11 | 410 | (53,300 | ) |
| Cardinal Health, Inc., Strike Price USD 42, Expires 3/21/11 | 460 | (60,950 | ) |
| Carnival Corp., Strike Price USD 47, Expires 4/18/11 | 820 | (98,400 | ) |
| Celgene Corp., Strike Price USD 57.50, Expires 3/21/11 | 300 | (9,450 | ) |
| Cisco Systems, Inc., Strike Price USD 22, Expires 2/21/11 | 1,200 | (33,000 | ) |
JANUARY 31, 2011 3
| Schedule of Investments (continued) |
|---|
| (Percentages shown are based on Net Assets) |
| Options Written | |||
| Exchange-Traded Call Options Written (continued) | |||
| Cisco Systems, Inc., Strike Price USD 22, Expires 3/21/11 | 1,200 | $ (49,200 | ) |
| Citigroup, Inc., Strike Price USD 5.50, Expires 2/21/11 | 1,000 | (1,000 | ) |
| Citigroup, Inc., Strike Price USD 5, Expires 2/22/11 | 4,020 | (18,090 | ) |
| Citigroup, Inc., Strike Price USD 5, Expires 3/21/11 | 6,500 | (68,250 | ) |
| Comerica, Inc., Strike Price USD 40, Expires 3/21/11 | 880 | (56,320 | ) |
| ConAgra Foods, Inc., Strike Price USD 24, Expires 3/21/11 | 1,500 | (15,000 | ) |
| Corning, Inc., Strike Price USD 20, Expires 2/21/11 | 940 | (211,970 | ) |
| Covidien Plc, Strike Price USD 50, Expires 3/21/11 | 475 | (39,188 | ) |
| Covidien Plc, Strike Price USD 47.50, Expires 4/18/11 | 380 | (83,600 | ) |
| CVS Caremark Corp., Strike Price USD 35, Expires 2/21/11 | 360 | (19,620 | ) |
| CVS Caremark Corp., Strike Price USD 32, Expires 2/22/11 | 720 | (178,560 | ) |
| Delta Air Lines, Inc., Strike Price USD 13, Expires 2/22/11 | 2,175 | (17,400 | ) |
| eBay, Inc., Strike Price USD 31, Expires 3/21/11 | 1,250 | (112,500 | ) |
| E-Commerce China Dangdang, Inc. - ADR, Strike Price USD 35, Expires 3/21/11 | 190 | (17,575 | ) |
| EMC Corp., Strike Price USD 24, Expires 2/21/11 | 385 | (41,580 | ) |
| Express Scripts, Inc., Strike Price USD 57.50, Expires 2/22/11 | 120 | (12,360 | ) |
| Federal Realty Investment Trust, Strike Price USD 80, Expires 3/21/11 | 450 | (110,250 | ) |
| FedEx Corp., Strike Price USD 95, Expires 3/21/11 | 270 | (39,960 | ) |
| General Motors Co., Strike Price USD 35, Expires 2/22/11 | 700 | (143,500 | ) |
| Goldman Sachs Group, Inc. (The), Strike Price USD 170, Expires 2/21/11 | 220 | (20,680 | ) |
| Google, Inc., Strike Price USD 615, Expires 2/21/11 | 80 | (48,000 | ) |
| Hewlett-Packard Co., Strike Price USD 46, Expires 2/22/11 | 670 | (47,570 | ) |
| Hewlett-Packard Co., Strike Price USD 48, Expires 3/21/11 | 260 | (17,160 | ) |
| Huntsman Corp., Strike Price USD 17.50, Expires 2/21/11 | 850 | (46,750 | ) |
| Huntsman Corp., Strike Price USD 18, Expires 3/21/11 | 2,250 | (135,000 | ) |
| International Business Machines Corp., Strike Price USD 160, Expires 3/21/11 | 260 | (113,100 | ) |
| JetBlue Airways Corp., Strike Price USD 7, Expires 3/21/11 | 4,370 | (32,775 | ) |
| JPMorgan Chase & Co., Strike Price USD 41, Expires 2/22/11 | 525 | (215,250 | ) |
| JPMorgan Chase & Co., Strike Price USD 46, Expires 3/21/11 | 660 | (72,600 | ) |
| KeyCorp, Strike Price USD 9, Expires 2/21/11 | 1,800 | (37,800 | ) |
| KeyCorp, Strike Price USD 9, Expires 3/21/11 | 1,800 | (69,300 | ) |
| Kohls Corp., Strike Price USD 55, Expires 2/22/11 | 560 | (5,600 | ) |
| KT Corp. - ADR, Strike Price USD 20, Expires 3/21/11 | 450 | (27,000 | ) |
| Laboratory Corp. of America Holdings, Strike Price USD 95, Expires 5/23/11 | 200 | (43,000 | ) |
| Liberty Global, Inc., Class A, Strike Price USD 41, Expires 3/21/11 | 595 | (68,425 | ) |
| Liberty Global, Inc., Class A, Strike Price USD 41, Expires 4/18/11 | 595 | (90,738 | ) |
| Lincoln National Corp., Strike Price USD 31, Expires 2/22/11 | 745 | (18,625 | ) |
| Lincoln National Corp., Strike Price USD 30, Expires 2/22/11 | 745 | (37,250 | ) |
| LyondellBasell Industries NV, Strike Price USD 37.50, Expires 3/21/11 | 1,320 | (122,100 | ) |
| Medco Health Solutions, Inc., Strike Price USD 65, Expires 3/21/11 | 280 | (22,400 | ) |
| Medtronic, Inc., Strike Price USD 38, Expires 2/22/11 | 660 | (60,720 | ) |
| Microsoft Corp., Strike Price USD 28, Expires 3/21/11 | 400 | (26,000 | ) |
| News Corp., Class A, Strike Price USD 16, Expires 3/21/11 | 1,230 | (36,900 | ) |
| NII Holdings, Inc., Strike Price USD 44, Expires 3/21/11 | 295 | (48,675 | ) |
| NII Holdings, Inc., Strike Price USD 43, Expires 3/21/11 | 295 | (59,000 | ) |
| NIKE, Inc., Class B, Strike Price USD 85, Expires 3/21/11 | 225 | (31,388 | ) |
| NIKE, Inc., Class B, Strike Price USD 85, Expires 4/18/11 | 225 | (41,962 | ) |
| Oracle Corp., Strike Price USD 33, Expires 3/21/11 | 1,190 | (72,590 | ) |
| Peabody Energy Corp., Strike Price USD 60, Expires 3/21/11 | 600 | (306,000 | ) |
| Peabody Energy Corp., Strike Price USD 65, Expires 3/21/11 | 405 | (94,162 | ) |
| PepsiCo, Inc., Strike Price USD 65, Expires 3/21/11 | 870 | (77,865 | ) |
| Rowan Cos., Inc., Strike Price USD 34, Expires 2/21/11 | 530 | (60,950 | ) |
| Rowan Cos., Inc., Strike Price USD 35, Expires 3/21/11 | 1,000 | (130,000 | ) |
| Royal Dutch Shell Plc, Class A - ADR, Strike Price USD 70, Expires 3/21/11 | 370 | (78,625 | ) |
| SAP AG - ADR, Strike Price USD 52.50, Expires 2/22/11 | 840 | (470,400 | ) |
| Sprint Nextel Corp., Strike Price USD 4, Expires 2/22/11 | 4,028 | (221,540 | ) |
| Stanley Black & Decker, Inc., Strike Price USD 67.50, Expires 3/21/11 | 530 | (310,050 | ) |
| Stillwater Mining Co., Strike Price USD 22, Expires 2/21/11 | 875 | (76,562 | ) |
| Stillwater Mining Co., Strike Price USD 23, Expires 3/21/11 | 875 | (96,250 | ) |
| Teva Pharmaceutical Industries Ltd. - ADR, Strike Price USD 55, Expires 3/21/11 | 125 | (20,562 | ) |
| Texas Instruments, Inc., Strike Price USD 33, Expires 2/22/11 | 580 | (71,920 | ) |
| Texas Instruments, Inc., Strike Price USD 35, Expires 3/21/11 | 575 | (34,788 | ) |
| U.S. BanCorp, Strike Price USD 27, Expires 3/21/11 | 655 | (61,570 | ) |
| U.S. BanCorp, Strike Price USD 28, Expires 3/21/11 | 655 | (32,095 | ) |
| Verizon Communications, Inc., Strike Price USD 36, Expires 3/21/11 | 1,000 | (73,000 | ) |
| VimpelCom Ltd. - ADR, Strike Price USD 15, Expires 2/21/11 | 815 | (12,225 | ) |
| Vodafone Group Plc - ADR, Strike Price USD 29, Expires 3/21/11 | 255 | (15,938 | ) |
4 JANUARY 31, 2011
| Schedule of Investments (continued) |
|---|
| (Percentages shown are based on Net Assets) |
| Options Written | |||
| Exchange-Traded Call Options Written (continued) | |||
| Wells Fargo & Co., Strike Price USD 33, Expires 3/21/11 | 1,200 | $ (108,000 | ) |
| Total Exchange-Traded Call Options Written | (7,342,258 | ) | |
| Exchange-Traded Put Options Written 0.0% | |||
| Sprint Nextel Corp., Strike Price USD 4, Expires 2/22/11 | 4,028 | (18,126 | ) |
| Over-the-Counter Call Options Written (1.1)% | |||
| Accenture Plc, Strike Price USD 50.80, Expires 2/21/11, Broker Jefferies & Co., Inc. | 270 | (31,632 | ) |
| ACE Ltd., Strike Price USD 61.50, Expires 3/11/11, Broker Credit Suisse First Boston | 33,000 | (58,331 | ) |
| Adecco SA, Strike Price CHF 65.80, Expires 2/24/11, Broker Morgan Stanley & Co., Inc. | 60,500 | (16,300 | ) |
| Aegon NV, Strike Price EUR 5.18, Expires 3/16/11, Broker Credit Suisse First Boston | 266,200 | (108,759 | ) |
| Afren Plc, Strike Price GBP 1.61, Expires 3/03/11, Broker Citigroup Global Markets, Inc. | 1,000,000 | (36,805 | ) |
| Afren Plc, Strike Price GBP 1.59, Expires 3/16/11, Broker Barclays Capital, Inc. | 926,000 | (57,446 | ) |
| AIA Group Ltd., Strike Price HKD 21.78, Expires 3/29/11, Broker Deutsche Bank Securities Corp. | 480,000 | (33,973 | ) |
| AIA Group Ltd., Strike Price HKD 21.88, Expires 3/29/11, Broker JPMorgan Chase Securities | 1,080,000 | (78,372 | ) |
| Allianz SE, Strike Price EUR 98.98, Expires 3/23/11, Broker Morgan Stanley & Co., Inc. | 27,200 | (192,335 | ) |
| American Electric Power Co., Inc., Strike Price USD 36.29, Expires 2/02/11, Broker Citigroup Global Markets, Inc. | 96,500 | (460 | ) |
| American Electric Power Co., Inc., Strike Price USD 36.25, Expires 2/09/11, Broker Jefferies & Co., Inc. | 385 | (3,110 | ) |
| Ameriprise Financial, Inc., Strike Price USD 62.50, Expires 4/19/11, Broker Deutsche Bank Securities Corp. | 42,000 | (101,905 | ) |
| Anheuser-Busch InBev NV, Strike Price EUR 44.57, Expires 3/16/11, Broker Citigroup Global Markets, Inc. | 75,400 | (9,152 | ) |
| Anheuser-Busch InBev NV, Strike Price EUR 43.06, Expires 3/16/11, Broker UBS Securities LLC | 21,100 | (6,907 | ) |
| Applied Materials, Inc., Strike Price USD 14.63, Expires 2/16/11, Broker JPMorgan Chase Securities | 100,000 | (117,305 | ) |
| Applied Materials, Inc., Strike Price USD 14.48, Expires 2/28/11, Broker JPMorgan Chase Securities | 100,000 | (124,658 | ) |
| AXA SA, Strike Price EUR 15.29, Expires 3/23/11, Broker Morgan Stanley & Co., Inc. | 177,000 | (209,966 | ) |
| Banco Bradesco SA, Preference Shares, Strike Price USD 31.23, Expires 4/04/11, Broker Morgan Stanley & Co., | |||
| Inc. | 126,000 | (110,678 | ) |
| Bankers Petroleum Ltd., Strike Price CAD 8.57, Expires 2/28/11, Broker Goldman Sachs & Co. | 452,000 | (151,148 | ) |
| Barratt Development Plc, Strike Price GBP 0.91, Expires 2/08/11, Broker Citigroup Global Markets, Inc. | 535,500 | (27,674 | ) |
| BASF SE, Strike Price EUR 58.36, Expires 3/16/11, Broker Morgan Stanley & Co., Inc. | 38,000 | (67,487 | ) |
| Bayer AG, Strike Price EUR 56, Expires 2/21/11, Broker Morgan Stanley & Co., Inc. | 200 | (13,562 | ) |
| Bayer AG, Strike Price EUR 55.52, Expires 3/30/11, Broker Societe General Securities Corp. | 26,000 | (43,998 | ) |
| Bayerische Motoren Werke AG, Strike Price EUR 58.84, Expires 3/23/11, Broker Societe General Securities Corp. | 45,800 | (126,668 | ) |
| Bellway Plc, Strike Price GBP 6.94, Expires 3/09/11, Broker Credit Suisse First Boston | 38,000 | (5,080 | ) |
| Bellway Plc, Strike Price GBP 6.94, Expires 3/16/11, Broker Credit Suisse First Boston | 38,000 | (6,029 | ) |
| BM&FBovespa SA, Strike Price USD 13.56, Expires 3/01/11, Broker Credit Suisse First Boston | 114,000 | (1,001 | ) |
| BM&FBovespa SA, Strike Price USD 11.88, Expires 4/04/11, Broker Goldman Sachs & Co. | 413,500 | (146,834 | ) |
| BNP Paribas, Strike Price EUR 53.48, Expires 3/23/11, Broker Morgan Stanley & Co., Inc. | 42,600 | (168,223 | ) |
| Bridgestone Corp., Strike Price JPY 1,613.32, Expires 2/23/11, Broker Morgan Stanley & Co., Inc. | 220,500 | (66,461 | ) |
| Canon, Inc., Strike Price JPY 4,109.17, Expires 3/29/11, Broker UBS Securities LLC | 96,400 | (124,141 | ) |
| CapitaLand Ltd., Strike Price SGD 3.94, Expires 2/23/11, Broker Morgan Stanley & Co., Inc. | 587,000 | (74 | ) |
| Carlsberg A/S, Class B, Strike Price DKK 544.29, Expires 3/16/11, Broker Credit Suisse First Boston | 32,500 | (92,308 | ) |
| China Construction Bank Corp. - H Shares, Strike Price HKD 7.15, Expires 2/23/11, Broker Morgan Stanley & Co., | |||
| Inc. | 3,624,000 | (29,025 | ) |
| China Merchants Bank Co. Ltd. - H Shares, Strike Price HKD 18.45, Expires 3/29/11, Broker JPMorgan Chase Securities | 1,190,000 | (103,399 | ) |
| China Resources Enterprise Ltd., Strike Price HKD 30.85, Expires 3/29/11, Broker Citigroup Global Markets, Inc. | 590,000 | (87,901 | ) |
| China Unicom Hong Kong Ltd., Strike Price HKD 13.13, Expires 3/29/11, Broker Citigroup Global Markets, Inc. | 1,650,000 | (106,638 | ) |
| Cia De Concessoes Rodoviarias, Strike Price USD 46.67, Expires 2/01/11, Broker Citigroup Global Markets, Inc. | 76,000 | (1 | ) |
| Cia De Concessoes Rodoviarias, Strike Price USD 46.49, Expires 4/04/11, Broker Citigroup Global Markets, Inc. | 76,000 | (100,100 | ) |
| Cia de Saneamento Basico do Estado de Sao Paulo - ADR, Strike Price USD 53.25, Expires 2/25/11, Broker Jefferies & Co., | |||
| Inc. | 920 | (45,569 | ) |
| Cie Financiere Richemont SA, Strike Price CHF 54.96, Expires 3/16/11, Broker Citigroup Global Markets, Inc. | 45,000 | (32,407 | ) |
| CIMB Group Holdings Bhd, Strike Price USD 8.98, Expires 2/23/11, Broker Morgan Stanley & Co., Inc. | 1,611,600 | (7,607 | ) |
| Clorox Co., Strike Price USD 64.39, Expires 2/11/11, Broker Morgan Stanley & Co., Inc. | 73,000 | (11,963 | ) |
| Corio NV, Strike Price EUR 47.38, Expires 2/08/11, Broker Citigroup Global Markets, Inc. | 23,100 | (20,727 | ) |
| Corning, Inc., Strike Price USD 19.25, Expires 2/03/11, Broker UBS Securities LLC | 895 | (264,920 | ) |
| Darden Restaurants, Inc., Strike Price USD 51.22, Expires 2/03/11, Broker Credit Suisse First Boston | 76,000 | (3 | ) |
JANUARY 31, 2011 5
| Schedule of Investments (continued) |
|---|
| (Percentages shown are based on Net Assets) |
| Options Written | |||
| Over-the-Counter Call Options Written (continued) | |||
| Dena Co., Ltd., Strike Price JPY 3,024.01, Expires 3/29/11, Broker Deutsche Bank Securities Corp. | 80,200 | $ (123,899 | ) |
| Deutsche Boerse AG, Strike Price EUR 51.13, Expires 2/16/11, Broker UBS Securities LLC | 26,100 | (163,448 | ) |
| Deutsche Post AG, Strike Price EUR 13.42, Expires 3/16/11, Broker Barclays Capital, Inc. | 237,500 | (107,698 | ) |
| Deutsche Telekom AG, Strike Price EUR 9.71, Expires 3/16/11, Broker Citigroup Global Markets, Inc. | 280,000 | (78,960 | ) |
| Edison International, Strike Price USD 39.29, Expires 2/11/11, Broker JPMorgan Chase Securities | 57,000 | (960 | ) |
| EMC Corp., Strike Price USD 22.90, Expires 2/03/11, Broker UBS Securities LLC | 180,000 | (358,258 | ) |
| ENI SpA, Strike Price EUR 17.92, Expires 3/16/11, Broker UBS Securities LLC | 230,000 | (56,866 | ) |
| Erste Group Bank AG, Strike Price EUR 35.70, Expires 3/16/11, Broker Barclays Capital, Inc. | 46,400 | (126,114 | ) |
| Express Scripts, Inc., Strike Price USD 59, Expires 3/21/11, Broker Jefferies & Co., Inc. | 320 | (30,109 | ) |
| FedEx Corp., Strike Price USD 96.93, Expires 3/24/11, Broker Citigroup Global Markets, Inc. | 31,000 | (32,962 | ) |
| Fomento Economico Mexicano SAB de CV - ADR, Strike Price USD 57, Expires 2/08/11, Broker UBS Securities LLC | 31,000 | (748 | ) |
| Fomento Economico Mexicano SAB de CV - ADR, Strike Price USD 55.56, Expires 2/28/11, Broker Barclays Capital, Inc. | 20,000 | (6,825 | ) |
| Fresenius Medical Care AG & Co. KGaA, Strike Price EUR 44.72, Expires 2/08/11, Broker Credit Suisse First | |||
| Boston | 30,000 | (558 | ) |
| Fresenius Medical Care AG & Co. KGaA, Strike Price EUR 42.29, Expires 3/16/11, Broker Societe General Securities | |||
| Corp. | 18,500 | (33,408 | ) |
| GlaxoSmithKline Plc, Strike Price GBP 12.41, Expires 3/09/11, Broker Credit Suisse First Boston | 169,000 | (6,372 | ) |
| Grupo Modelo SAB de CV, Series C, Strike Price MXN 74.82, Expires 2/01/11, Broker Credit Suisse First Boston | 95,000 | | |
| Grupo Modelo SAB de CV, Series C, Strike Price MXN 73.78, Expires 2/08/11, Broker Credit Suisse First Boston | 190,400 | (18,234 | ) |
| Grupo Modelo SAB de CV, Series C, Strike Price MXN 75.19, Expires 2/08/11, Broker Credit Suisse First Boston | 95,000 | (3,159 | ) |
| Grupo Modelo SAB de CV, Series C, Strike Price MXN 75.52, Expires 4/04/11, Broker Credit Suisse First Boston | 95,000 | (19,206 | ) |
| Henry Schein, Inc., Strike Price USD 65.33, Expires 3/04/11, Broker Morgan Stanley & Co., Inc. | 40,000 | (58,387 | ) |
| Hino Motors Ltd., Strike Price JPY 466.16, Expires 3/29/11, Broker UBS Securities LLC | 901,000 | (305,579 | ) |
| Honda Motor Co. Ltd., Strike Price JPY 3,292.60, Expires 2/23/11, Broker Morgan Stanley & Co., Inc. | 172,400 | (544,123 | ) |
| Hong Kong Exchanges and Clearing Ltd., Strike Price HKD 186.24, Expires 3/09/11, Broker UBS Securities LLC | 61,000 | (23,460 | ) |
| Hong Kong Exchanges and Clearing Ltd., Strike Price HKD 180.61, Expires 3/29/11, Broker Citigroup Global Markets, | |||
| Inc. | 96,000 | (72,850 | ) |
| HSBC Holdings Plc, Strike Price GBP 7.22, Expires 3/09/11, Broker Citigroup Global Markets, Inc. | 363,000 | (26,348 | ) |
| HSBC Holdings Plc, Strike Price GBP 7.03, Expires 3/30/11, Broker Barclays Capital, Inc. | 128,000 | (26,634 | ) |
| ING Groep NV, Strike Price EUR 8.01, Expires 3/16/11, Broker UBS Securities LLC | 128,000 | (90,866 | ) |
| ING Groep NV, Strike Price EUR 8.14, Expires 3/23/11, Broker UBS Securities LLC | 133,700 | (84,271 | ) |
| International Business Machines Corp., Strike Price USD 145, Expires 2/03/11, Broker UBS Securities LLC | 220 | (374,000 | ) |
| Intesa Sanpaolo SpA, Strike Price EUR 2.18, Expires 2/16/11, Broker JPMorgan Chase Securities | 132,800 | (53,280 | ) |
| Intesa Sanpaolo SpA, Strike Price EUR 2.36, Expires 3/16/11, Broker UBS Securities LLC | 687,500 | (149,905 | ) |
| Invensys Plc, Strike Price GBP 3.66, Expires 3/03/11, Broker Barclays Capital, Inc. | 712,500 | (44,941 | ) |
| ITOCHU Corp., Strike Price JPY 880.82, Expires 2/23/11, Broker Morgan Stanley & Co., Inc. | 740,600 | (263,379 | ) |
| Japan Tobacco, Inc., Strike Price JPY 310,898.20, Expires 2/23/11, Broker Morgan Stanley & Co., Inc. | 320 | (30,264 | ) |
| Japan Tobacco, Inc., Strike Price JPY 319,180.20, Expires 3/29/11, Broker Morgan Stanley & Co., Inc. | 770 | (81,919 | ) |
| Johnson & Johnson, Strike Price USD 61, Expires 4/08/11, Broker Goldman Sachs & Co. | 48,000 | (27,645 | ) |
| JSR Corp., Strike Price JPY 1,659.03, Expires 2/23/11, Broker Morgan Stanley & Co., Inc. | 257,000 | (222,807 | ) |
| JTEKT Corp., Strike Price JPY 1,035.25, Expires 2/23/11, Broker Morgan Stanley & Co., Inc. | 469,700 | (160,070 | ) |
| Julius Baer Group Ltd., Strike Price CHF 43.03, Expires 3/16/11, Broker Citigroup Global Markets, Inc. | 42,000 | (70,875 | ) |
| K+S AG, Strike Price EUR 57.16, Expires 3/16/11, Broker Morgan Stanley & Co., Inc. | 64,900 | (81,232 | ) |
| Kabel Deutschland Holding AG, Strike Price EUR 36.61, Expires 2/08/11, Broker Morgan Stanley & Co., Inc. | 21,000 | (24,680 | ) |
| Kabel Deutschland Holding AG, Strike Price EUR 37.42, Expires 3/16/11, Broker UBS Securities LLC | 28,500 | (46,607 | ) |
| Kabel Deutschland Holding AG, Strike Price EUR 35.80, Expires 3/30/11, Broker UBS Securities LLC | 30,000 | (91,835 | ) |
| Kazakhmys Plc, Strike Price GBP 16.57, Expires 2/24/11, Broker Credit Suisse First Boston | 205,200 | (42,453 | ) |
| KGHM Polska Miedz SA, Strike Price PLN 187.86, Expires 3/23/11, Broker UBS Securities LLC | 36,500 | (54,761 | ) |
| Kia Motors Corp., Strike Price USD 58,959.06, Expires 3/29/11, Broker Credit Suisse First Boston | 94,300 | (140,730 | ) |
| Komatsu Ltd., Strike Price JPY 2,599.74, Expires 2/23/11, Broker Morgan Stanley & Co., Inc. | 216,700 | (54,366 | ) |
| KT Corp. - ADR, Strike Price USD 20.70, Expires 2/01/11, Broker Jefferies & Co., Inc. | 700 | (1 | ) |
| KT Corp. - ADR, Strike Price USD 21.50, Expires 3/03/11, Broker Citigroup Global Markets, Inc. | 54,000 | (1,320 | ) |
6 JANUARY 31, 2011
| Schedule of Investments (continued) |
|---|
| (Percentages shown are based on Net Assets) |
| Options Written | |||
| Over-the-Counter Call Options Written (continued) | |||
| LG Display Co. Ltd., Strike Price USD 40,780.19, Expires 2/23/11, Broker Deutsche Bank Securities Corp. | 82,400 | $ (20,822 | ) |
| LG Display Co. Ltd., Strike Price USD 38,582, Expires 3/29/11, Broker Deutsche Bank Securities Corp. | 26,700 | (36,574 | ) |
| Longtop Financial Technologies Ltd. - ADR, Strike Price USD 35.95, Expires 2/15/11, Broker Barclays Capital, Inc. | 71,500 | (27,417 | ) |
| Lukoil OAO - ADR, Strike Price USD 64.67, Expires 3/30/11, Broker Morgan Stanley & Co., Inc. | 35,000 | (24,212 | ) |
| Manpower, Inc., Strike Price USD 68, Expires 3/11/11, Broker Jefferies & Co., Inc. | 605 | (82,367 | ) |
| Manulife Financial Corp., Strike Price CAD 18, Expires 3/21/11, Broker T.D. Securities | 2,250 | (96,620 | ) |
| Marubeni Corp., Strike Price JPY 610.65, Expires 2/23/11, Broker Morgan Stanley & Co., Inc. | 665,000 | (172,813 | ) |
| Merck KGaA, Strike Price EUR 61.31, Expires 2/24/11, Broker Barclays Capital, Inc. | 16,500 | (41,342 | ) |
| Metro AG, Strike Price EUR 54.16, Expires 3/23/11, Broker Morgan Stanley & Co., Inc. | 48,500 | (57,094 | ) |
| Microsoft Corp., Strike Price USD 28.50, Expires 2/22/11, Broker Jefferies & Co., Inc. | 1,500 | (25,046 | ) |
| Mitsubishi Chemical Holdings Corp., Strike Price JPY 587.52, Expires 3/09/11, Broker Deutsche Bank Securities Corp. | 426,500 | (69,361 | ) |
| Naspers Ltd., Strike Price ZAR 394.91, Expires 3/03/11, Broker Morgan Stanley & Co., Inc. | 52,100 | (43,600 | ) |
| Nestle SA, Strike Price CHF 55.80, Expires 2/08/11, Broker Credit Suisse First Boston | 116,900 | (36 | ) |
| News Corp., Class A, Strike Price USD 14.66, Expires 2/07/11, Broker Credit Suisse First Boston | 123,500 | (59,063 | ) |
| Nokia OYJ - ADR, Strike Price USD 10.36, Expires 2/03/11, Broker Barclays Capital, Inc. | 174,500 | (64,080 | ) |
| Nomura Holdings, Inc., Strike Price JPY 534.19, Expires 2/23/11, Broker Morgan Stanley & Co., Inc. | 195,200 | (15,198 | ) |
| Nordea Bank AB, Strike Price SEK 75.20, Expires 3/16/11, Broker Barclays Capital, Inc. | 161,200 | (106,421 | ) |
| Norfolk Southern Corp., Strike Price USD 61.24, Expires 3/24/11, Broker Goldman Sachs & Co. | 76,500 | (145,231 | ) |
| Novartis AG, Strike Price CHF 56, Expires 2/21/11, Broker Morgan Stanley & Co., Inc. | 360 | (3,339 | ) |
| Novartis AG, Strike Price CHF 55.30, Expires 3/23/11, Broker Citigroup Global Markets, Inc. | 43,500 | (17,916 | ) |
| Occidental Petroleum Corp., Strike Price USD 99.24, Expires 2/14/11, Broker Morgan Stanley & Co., Inc. | 24,000 | (21,205 | ) |
| Occidental Petroleum Corp., Strike Price USD 99.24, Expires 2/28/11, Broker Morgan Stanley & Co., Inc. | 24,000 | (37,798 | ) |
| Pacific Rubiales Energy Corp., Strike Price CAD 34, Expires 2/22/11, Broker Bank Of Montreal | 1,190 | (154,491 | ) |
| Pandora A/S, Strike Price DKK 373.32, Expires 2/24/11, Broker Morgan Stanley & Co., Inc. | 47,000 | (32,623 | ) |
| Pandora A/S, Strike Price DKK 356.23, Expires 3/30/11, Broker Morgan Stanley & Co., Inc. | 11,300 | (32,052 | ) |
| PartyGaming Plc, Strike Price GBP 2.30, Expires 2/16/11, Broker Morgan Stanley & Co., Inc. | 290,500 | (1,409 | ) |
| PartyGaming Plc, Strike Price GBP 2.14, Expires 3/03/11, Broker Citigroup Global Markets, Inc. | 290,500 | (11,720 | ) |
| PDG Realty SA Empreendimentos e Participacoes, Strike Price USD 9.24, Expires 4/04/11, Broker Credit Suisse First | |||
| Boston | 373,500 | (131,584 | ) |
| Persimmon Plc, Strike Price GBP 4.20, Expires 2/16/11, Broker Citigroup Global Markets, Inc. | 109,000 | (12,243 | ) |
| Petrominerales Ltd., Strike Price CAD 34, Expires 2/19/11, Broker T.D. Securities | 500 | (257,153 | ) |
| Petrominerales Ltd., Strike Price CAD 36.35, Expires 3/04/11, Broker Morgan Stanley & Co., Inc. | 80,000 | (249,060 | ) |
| Pfizer, Inc., Strike Price USD 18.45, Expires 2/21/11, Broker Jefferies & Co., Inc. | 395 | (11,143 | ) |
| Pfizer, Inc., Strike Price USD 18.35, Expires 2/22/11, Broker UBS Securities LLC | 520 | (16,766 | ) |
| Pfizer, Inc., Strike Price USD 18.82, Expires 3/31/11, Broker Citigroup Global Markets, Inc. | 101,500 | (34,658 | ) |
| Procter & Gamble Co. (The), Strike Price USD 66, Expires 3/31/11, Broker Goldman Sachs & Co. | 110,000 | (32,969 | ) |
| Qwest Communications International, Inc., Strike Price USD 7.29, Expires 2/25/11, Broker JPMorgan Chase Securities | 127,500 | (9,508 | ) |
| Qwest Communications International, Inc., Strike Price USD 7.40, Expires 3/15/11, Broker JPMorgan Chase Securities | 337,000 | (11,114 | ) |
| Roche Holding AG, Strike Price CHF 142.48, Expires 3/23/11, Broker Societe General Securities Corp. | 12,000 | (48,440 | ) |
| Rosneft Oil Co. - GDR, Strike Price USD 8.77, Expires 3/16/11, Broker Morgan Stanley & Co., Inc. | 265,000 | (68,624 | ) |
| Royal Dutch Shell Plc, Class A - ADR, Strike Price USD 65, Expires 2/07/11, Broker Morgan Stanley & Co., | |||
| Inc. | 70,000 | (419,300 | ) |
| Royal Dutch Shell Plc, Class A - ADR, Strike Price USD 65, Expires 2/14/11, Broker Morgan Stanley & Co., | |||
| Inc. | 70,000 | (419,300 | ) |
| Royal Dutch Shell Plc, Class A - ADR, Strike Price USD 67, Expires 2/24/11, Broker UBS Securities LLC | 68,000 | (273,847 | ) |
| Samsung Electronics Co. Ltd., Strike Price USD 1,011,010, Expires 3/29/11, Broker Credit Suisse First Boston | 5,000 | (125,706 | ) |
| Siemens AG, Strike Price EUR 93.37, Expires 3/16/11, Broker Morgan Stanley & Co., Inc. | 34,000 | (141,034 | ) |
| Siemens AG, Strike Price EUR 96, Expires 3/21/11, Broker UBS Securities LLC | 100 | (29,574 | ) |
| Siliconware Precision Industries Co. - ADR, Strike Price USD 6.96, Expires 3/16/11, Broker Morgan Stanley & Co., | |||
| Inc. | 95,000 | (29,545 | ) |
| Siliconware Precision Industries Co. - ADR, Strike Price USD 6.57, Expires 3/25/11, Broker Citigroup Global Markets, | |||
| Inc. | 81,000 | (45,846 | ) |
| Siliconware Precision Industries Co. - ADR, Strike Price USD 6.57, Expires 3/31/11, Broker Citigroup Global Markets, | |||
| Inc. | 81,000 | (47,223 | ) |
| SMC Corp., Strike Price JPY 14,728.80, Expires 2/23/11, Broker Goldman Sachs & Co. | 25,000 | (52,602 | ) |
| Sprint Nextel Corp., Strike Price USD 4.46, Expires 3/01/11, Broker Goldman Sachs & Co. | 239,500 | (56,752 | ) |
| Sumitomo Heavy Industries Ltd., Strike Price JPY 547.22, Expires 2/23/11, Broker Morgan Stanley & Co., Inc. | 593,000 | (58,264 | ) |
JANUARY 31, 2011 7
| Schedule of Investments (continued) |
|---|
| (Percentages shown are based on Net Assets) |
| Options Written | |||
| Over-the-Counter Call Options Written (continued) | |||
| Sumitomo Heavy Industries Ltd., Strike Price JPY 529.95, Expires 3/29/11, Broker UBS Securities LLC | 375,000 | $ (96,857 | ) |
| Sumitomo Mitsui Financial Group, Inc., Strike Price JPY 2,976.36, Expires 2/23/11, Broker Goldman Sachs & | |||
| Co. | 103,000 | (18,235 | ) |
| Sun Life Financial, Inc., Strike Price CAD 30.67, Expires 2/11/11, Broker UBS Securities LLC | 120,000 | (111,430 | ) |
| T. Rowe Price Group, Inc., Strike Price USD 66.75, Expires 2/22/11, Broker Jefferies & Co., Inc. | 600 | (66,089 | ) |
| T. Rowe Price Group, Inc., Strike Price USD 66.89, Expires 3/03/11, Broker Citigroup Global Markets, Inc. | 9,000 | (12,991 | ) |
| Taiwan Semiconductor Manufacturing Co. Ltd. - ADR, Strike Price USD 11, Expires 2/02/11, Broker JPMorgan Chase | |||
| Securities | 191,000 | (395,370 | ) |
| Target Corp., Strike Price USD 56.50, Expires 3/11/11, Broker Jefferies & Co., Inc. | 520 | (41,546 | ) |
| Taylor Wimpey Plc, Strike Price GBP 0.39, Expires 3/16/11, Broker Societe General Securities Corp. | 1,568,000 | (24,289 | ) |
| Technip SA, Strike Price EUR 68.61, Expires 2/24/11, Broker Citigroup Global Markets, Inc. | 32,000 | (162,200 | ) |
| Technip SA, Strike Price EUR 74.35, Expires 3/16/11, Broker Barclays Capital, Inc. | 20,900 | (46,343 | ) |
| Telefonica SA, Strike Price EUR 17.12, Expires 2/24/11, Broker Citigroup Global Markets, Inc. | 243,000 | (389,716 | ) |
| Telefonica SA, Strike Price EUR 18.68, Expires 3/30/11, Broker Morgan Stanley & Co., Inc. | 28,800 | (9,720 | ) |
| Tokio Marine Holdings, Inc., Strike Price JPY 2,530.68, Expires 3/29/11, Broker UBS Securities LLC | 109,800 | (62,288 | ) |
| Toronto-Dominion Bank (The), Strike Price CAD 76, Expires 2/21/11, Broker T.D. Securities | 360 | (18,875 | ) |
| Tullow Oil Plc, Strike Price GBP 13.94, Expires 3/03/11, Broker Barclays Capital, Inc. | 92,200 | (29,728 | ) |
| Tullow Oil Plc, Strike Price GBP 14.02, Expires 3/16/11, Broker Societe General Securities Corp. | 111,800 | (44,810 | ) |
| UBS AG, Strike Price USD 18.41, Expires 3/16/11, Broker Citigroup Global Markets, Inc. | 125,000 | (72,500 | ) |
| Unibail-Rodamco SE, Strike Price EUR 145.08, Expires 3/16/11, Broker Barclays Capital, Inc. | 19,500 | (41,136 | ) |
| United States Steel Corp., Strike Price USD 51.79, Expires 2/11/11, Broker Morgan Stanley & Co., Inc. | 97,000 | (582,126 | ) |
| VimpelCom Ltd. - ADR, Strike Price USD 15.83, Expires 2/02/11, Broker Morgan Stanley & Co., Inc. | 81,500 | (1 | ) |
| Viterra, Inc., Strike Price CAD 9.57, Expires 2/03/11, Broker Goldman Sachs & Co. | 112,500 | (239,308 | ) |
| Viterra, Inc., Strike Price CAD 120, Expires 3/15/11, Broker UBS Securities LLC | 102,000 | (39,726 | ) |
| Vodafone Group Plc - ADR, Strike Price USD 26.78, Expires 2/03/11, Broker Citigroup Global Markets, Inc. | 203,000 | (320,943 | ) |
| Volkswagen AG, Preference Shares, Strike Price EUR 123.02, Expires 3/23/11, Broker UBS Securities LLC | 34,200 | (239,967 | ) |
| WPP Plc, Strike Price GBP 7.83, Expires 3/03/11, Broker Morgan Stanley & Co., Inc. | 342,500 | (89,956 | ) |
| Xstrata Plc, Strike Price GBP 15.50, Expires 3/09/11, Broker Credit Suisse First Boston | 190,000 | (50,899 | ) |
| Yara International ASA, Strike Price NOK 343.95, Expires 2/24/11, Broker Credit Suisse First Boston | 102,000 | (69,388 | ) |
| Total Over-the-Counter Call Options Written | (14,824,956 | ) | |
| Total Options Written (Premiums Received $23,624,304) (1.7)% | (22,185,340 | ) | |
| Total Investments Net of Outstanding Options Written 99.4% | 1,305,734,121 | ||
| Other Assets in Excess of Liabilities 0.6% | 8,524,156 | ||
| Net Assets 100.0% | $ 1,314,258,277 |
| Aggregate cost | $ | |
|---|---|---|
| Gross unrealized appreciation | $ 90,060,333 | |
| Gross unrealized depreciation | (18,938,901 | ) |
| Net unrealized appreciation | $ 71,121,432 |
(a) Security, or a portion thereof, pledged/held as collateral for outstanding options written.
(b) Non-income producing security.
(c) Security exempt from registration under Rule 144A of the Securities Act of 1933. This security may be resold in transactions exempt from registration to qualified institutional investors.
(d) Represents the current yield as of report date.
(e) Investments in companies considered to be an affiliate of the Trust during the period, for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:
| Affiliate — BlackRock Liquidity Funds, TempFund, Institutional Class | 42,426,566 | (24,200,981 | ) | 18,225,585 | $ 13,699 |
|---|---|---|---|---|---|
Foreign currency exchange contracts as of January 31, 2011 were as follows:
| Currency Purchased — CAD | 199,000 | Currency Sold — USD | 199,535 | Counterparty — Citigroup Global Markets | 2/02/11 | Unrealized Appreciation (Depreciation) — $ (803 | ) |
|---|---|---|---|---|---|---|---|
| CAD | 876,000 | USD | 874,663 | Morgan Stanley & Co., Inc. | 2/03/11 | 106 | |
| DKK | 1,507,000 | USD | 277,661 | Citigroup Global Markets | 2/01/11 | (868 | ) |
| DKK | 1,621,000 | USD | 297,675 | Deutsche Bank Securities | 2/02/11 | 57 | |
| DKK | 1,629,000 | USD | 297,802 | Citigroup Global Markets | 2/02/11 | 1,399 |
8 JANUARY 31, 2011
Schedule of Investments (continued) BlackRock Global Opportunities Equity Trust (BOE)
| Currency Purchased — EUR | 3,838,000 | USD | 5,269,724 | Counterparty — Deutsche Bank Securities | Settlement Date — 2/01/11 | $ (14,925 | ) |
|---|---|---|---|---|---|---|---|
| HKD | 1,884,000 | USD | 241,641 | Morgan Stanley & Co., Inc. | 2/02/11 | 2 | |
| CHF | 3,440,000 | USD | 3,632,363 | Deutsche Bank Securities | 2/01/11 | 11,705 | |
| CHF | 900,000 | USD | 952,337 | Morgan Stanley & Co., Inc. | 2/01/11 | 1,053 | |
| USD | 1,015,705 | JPY | 83,505,000 | Citigroup Global Markets | 2/02/11 | (1,656 | ) |
| USD | 1,081,427 | CAD | 1,076,000 | Citigroup Global Markets | 2/01/11 | 6,877 | |
| USD | 2,263,323 | GBP | 1,421,000 | Citigroup Global Markets | 2/01/11 | (12,899 | ) |
| USD | 241,644 | HKD | 1,884,000 | Deutsche Bank Securities | 2/02/11 | 2 | |
| USD | 372,907 | HKD | 2,906,000 | Morgan Stanley & Co., Inc. | 2/01/11 | 183 | |
| USD | 388,876 | ZAR | 2,799,000 | Citigroup Global Markets | 2/04/11 | (203 | ) |
| USD | 392,557 | MXN | 4,757,000 | Morgan Stanley & Co., Inc. | 2/01/11 | 421 | |
| USD | 437,006 | MXN | 5,312,000 | Citigroup Global Markets | 2/02/11 | (881 | ) |
| USD | 4,814,118 | ZAR | 33,999,000 | Deutsche Bank Securities | 2/02/11 | 85,302 | |
| USD | 834,400 | ZAR | 5,995,000 | UBS Securities LLC | 2/03/11 | 935 | |
| Total | $ 75,807 |
For Trust compliance purposes, the Trusts industry classifications refer to any one or more of the industry sub-classifications used by one or more widely recognized market indexes or ratings group indexes, and/or as defined by Trust management. This definition may not apply for purposes of this report, which may combine industry sub-classifications for reporting ease.
Fair Value Measurements Various inputs are used in determining the fair value of investments and derivatives, which are as follows:
Level 1 price quotations in active markets/exchanges for identical assets and liabilities
Level 2 other observable inputs (including, but not limited to: quoted prices for similar assets or liabilities in markets that are active, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the assets or liabilities (such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates) or other market-corroborated inputs)
Level 3 unobservable inputs based on the best information available In the circumstances, to the extent observable inputs are not available (including the Trusts own assumptions used in determining the fair value of investments and derivatives)
The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For information about the Trusts policy regarding valuation of investments and derivatives and other significant accounting policies, please refer to the Trusts most recent financial statements as contained in its annual report.
The following tables summarize the inputs used as of January 31, 2011 in determining the fair valuation of the Trusts investments and derivatives:
| Valuation Inputs | ||||
|---|---|---|---|---|
| Assets: | ||||
| Investments in Securities: | ||||
| Long Term Investments: | ||||
| Common Stocks: | ||||
| Austria | | $ 4,211,837 | | $ 4,211,837 |
| Belgium | | 9,672,556 | | 9,672,556 |
| Brazil | $ 26,801,280 | | | 26,801,280 |
| Canada | 66,579,326 | | | 66,579,326 |
| China | 2,202,181 | 11,922,992 | | 14,125,173 |
| Columbia | 8,616,208 | | | 8,616,208 |
| Denmark | 6,733,630 | 5,845,824 | | 12,579,454 |
| Finland | 3,394,040 | | | 3,394,040 |
| France | | 29,306,264 | | 29,306,264 |
| Germany | 21,493,601 | 80,347,472 | | 101,841,073 |
| Gibraltar | | 3,223,874 | | 3,223,874 |
| Hong Kong | 12,901,004 | 19,730,789 | | 32,631,793 |
| India | | 3,767,307 | | 3,767,307 |
| Indonesia | | 4,383,160 | | 4,383,160 |
| Ireland | 15,196,331 | 6,393,661 | | 21,589,992 |
| Israel | 1,065,675 | | | 1,065,675 |
| Italy | | 14,799,424 | | 14,799,424 |
| Japan | | 146,464,764 | | 146,464,764 |
| Luxembourg | 6,713,600 | | | 6,713,600 |
| Malaysia | | 5,903,523 | | 5,903,523 |
| Mexico | 10,359,492 | | | 10,359,492 |
| Netherlands | 33,387,787 | 11,741,620 | | 45,129,407 |
| Norway | | 10,377,590 | | 10,377,590 |
| Poland | | 3,874,537 | | 3,874,537 |
| Russia | 4,872,913 | 3,959,098 | | 8,832,011 |
| Singapore | | 3,016,123 | | 3,016,123 |
| South Africa | | 5,281,145 | | 5,281,145 |
| South Korea | 6,039,792 | 29,848,169 | | 35,887,961 |
| Spain | | 12,357,518 | | 12,357,518 |
| Sweden | | 3,556,308 | | 3,556,308 |
| Switzerland | 7,773,354 | 38,456,127 | | 46,229,481 |
| Taiwan | 5,716,741 | | | 5,716,741 |
| Thailand | | 15,818,561 | | 15,818,561 |
| United Kingdom | 18,674,672 | 48,897,017 | | 67,571,689 |
| United States | 518,014,989 | | | 518,014,989 |
| Short-Term Securities | 18,225,585 | | | 18,225,585 |
| Total | $ 794,762,201 | $ 533,157,260 | | $ 1,327,919,461 |
JANUARY 31, 2011 9
Schedule of Investments (concluded) BlackRock Global Opportunities Equity Trust (BOE)
| Valuation Inputs | Derivative Financial
Instruments 1 — Level 1 | Level 2 | | Level 3 | Total | | |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Assets: | | | | | | | |
| Foreign currency exchange contracts | $ 4 | | $ 108,038 | | | $ 108,042 | |
| Liabilities: | | | | | | | |
| Equity contracts | (7,917,097 | ) | (14,268,243 | ) | | (22,185,340 | ) |
| Foreign currency exchange contracts | (1,684 | ) | (30,551 | ) | | (32,235 | ) |
| Total | $ (7,918,777 | ) | $ (14,190,756 | ) | | $ (22,109,533 | ) |
1 Derivative financial instruments are foreign currency exchange contracts and options. Foreign currency exchange contracts are valued at the unrealized appreciation/ depreciation on the instrument and options are shown at value.
10 JANUARY 31, 2011
| Item 2 | | Controls and Procedures |
|---|---|---|
| 2(a) | | The registrants principal executive and principal financial officers or persons performing similar functions have concluded that the registrants disclosure controls and |
| procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the 1940 Act)) are effective as of a date within 90 days of the filing of this report based on the evaluation of these controls and procedures | ||
| required by Rule 30a-3(b) under the 1940 Act and Rule 13a-15(b) under the Securities Exchange Act of 1934, as amended. | ||
| 2(b) | | There were no changes in the registrants internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act) that occurred during the registrants |
| last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrants internal control over financial reporting. | ||
| Item 3 | | Exhibits |
Certifications Attached hereto
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| BlackRock Global Opportunities Equity Trust | |
|---|---|
| By: | /s/ John M. Perlowski |
| John M. Perlowski | |
| Chief Executive Officer (principal executive officer) of BlackRock Global Opportunities Equity Trust | |
| Date: March 25, 2011 |
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
| By: | /s/ John M. Perlowski |
|---|---|
| John M. Perlowski | |
| Chief Executive Officer (principal executive officer) of BlackRock Global Opportunities Equity Trust | |
| Date: March 25, 2011 | |
| By: | /s/ Neal J. Andrews |
| Neal J. Andrews | |
| Chief Financial Officer (principal financial officer) of BlackRock Global Opportunities Equity Trust | |
| Date: March 25, 2011 |
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