Regulatory Filings • Sep 25, 2014
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Download Source FileN-Q 1 d747294dnq.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: 10/31/2014
Date of reporting period: 07/31/2014
Item 1 Schedule of Investments
| Schedule of Investments July 31, 2014 (Unaudited) |
|---|
| (Percentages shown are based on Net Assets) |
| Common Stocks | Value | |
|---|---|---|
| Argentina 0.4% | ||
| YPF SA ADR (a) | 124,900 | $ 4,418,962 |
| Belgium 1.5% | ||
| Anheuser-Busch InBev NV | 153,559 | 16,574,006 |
| Canada 2.2% | ||
| Enbridge, Inc. | 122,700 | 6,014,871 |
| MEG Energy Corp. (a)(b) | 288,000 | 10,327,693 |
| Suncor Energy, Inc. (a) | 185,800 | 7,628,987 |
| 23,971,551 | ||
| China 2.0% | ||
| Baidu, Inc. ADR (a)(b) | 46,300 | 10,003,115 |
| Beijing Enterprises Water Group Ltd. | 10,224,000 | 6,644,853 |
| Ping An Insurance Group Co. of China Ltd., Class H | 604,500 | 5,136,437 |
| 21,784,405 | ||
| Denmark 1.2% | ||
| ISS A/S (b) | 107,059 | 3,432,794 |
| Novo Nordisk A/S, Class B | 221,700 | 10,205,336 |
| 13,638,130 | ||
| France 3.1% | ||
| Schneider Electric SE | 69,900 | 5,924,466 |
| Societe Generale SA | 159,120 | 7,988,196 |
| Unibail-Rodamco SE REIT | 30,600 | 8,214,119 |
| Vivendi SA | 506,450 | 12,710,988 |
| 34,837,769 | ||
| Germany 3.3% | ||
| Bayer AG | 63,000 | 8,310,087 |
| Daimler AG | 145,000 | 11,965,182 |
| Henkel AG & Co. KGaA | 98,100 | 10,908,714 |
| Telefonica Deutschland Holding AG | 687,800 | 5,377,576 |
| 36,561,559 | ||
| Greece 0.7% | ||
| Alpha Bank AE (b) | 10,299,521 | 8,229,701 |
| Hong Kong 1.7% | ||
| AIA Group Ltd. | 2,673,500 | 14,323,010 |
| Melco Crown Entertainment Ltd. ADR (a) | 144,800 | 4,807,360 |
| 19,130,370 | ||
| India 1.2% | ||
| HDFC Bank Ltd. | 660,372 | 9,516,274 |
| ITC Ltd. | 726,142 | 4,271,847 |
| 13,788,121 | ||
| Indonesia 1.0% | ||
| Global Mediacom Tbk PT | 32,923,100 | 5,410,019 |
| Matahari Department Store Tbk PT | 4,651,623 | 5,787,266 |
| 11,197,285 | ||
| Ireland 1.5% | ||
| Green REIT PLC (b) | 9,547,289 | 16,108,174 |
| Common Stocks | Value | |
|---|---|---|
| Italy 1.0% | ||
| Banca Generali SpA (a) | 291,290 | $ 8,135,061 |
| Moncler SpA (a) | 222,400 | 3,359,328 |
| 11,494,389 | ||
| Japan 5.7% | ||
| Kenedix Office Investment Corp. REIT | 990 | 5,376,241 |
| Mitsubishi Estate Co. Ltd. | 442,000 | 10,808,262 |
| Mitsubishi UFJ Financial Group, Inc. | 2,932,400 | 17,293,254 |
| Nabtesco Corp. | 250,300 | 5,655,061 |
| SMC Corp. | 31,300 | 8,641,261 |
| SoftBank Corp. | 145,900 | 10,488,498 |
| Tokyo Tatemono Co. Ltd. | 662,300 | 5,656,597 |
| 63,919,174 | ||
| Mexico 0.5% | ||
| Cemex SAB de CV ADR (b) | 453,592 | 5,697,116 |
| Netherlands 1.3% | ||
| Royal Dutch Shell PLC ADR | 173,100 | 14,164,773 |
| New Zealand 0.6% | ||
| Xero Ltd. (Acquired 10/15/13, Cost $5,317,368) (b)(c) | 350,000 | 7,177,295 |
| Norway 0.3% | ||
| Statoil ASA | 125,700 | 3,591,824 |
| Panama 0.8% | ||
| Copa Holdings SA, Class A (a) | 57,800 | 8,778,086 |
| Peru 0.5% | ||
| Credicorp Ltd. (a) | 40,700 | 6,020,344 |
| South Africa 1.3% | ||
| Naspers Ltd., N Shares | 115,900 | 14,253,050 |
| South Korea 1.9% | ||
| Hyundai Development Co.-Engineering & Construction | 193,300 | 7,278,017 |
| NAVER Corp. | 7,620 | 5,441,036 |
| Samsung Electronics Co. Ltd. | 6,060 | 7,842,939 |
| 20,561,992 | ||
| Spain 1.9% | ||
| NH Hotel Group SA (b) | 2,256,849 | 12,202,756 |
| Sacyr SA (b) | 1,582,242 | 8,919,357 |
| 21,122,113 | ||
| Sweden 2.1% | ||
| Nordea Bank AB | 1,025,758 | 13,756,209 |
| Svenska Cellulosa AB SCA, Class B | 400,127 | 9,853,548 |
| 23,609,757 | ||
| Switzerland 2.8% | ||
| Actelion Ltd. | 65,100 | 7,818,897 |
| Novartis AG | 139,600 | 12,145,011 |
| Roche Holding AG | 38,870 | 11,280,297 |
Portfolio Abbreviations
| ADR | American Depositary Receipt | GBP | British Pound | REIT | Real Estate Investment Trust |
|---|---|---|---|---|---|
| CAD | Canadian Dollar | HKD | Hong Kong Dollar | SEK | Swedish Krona |
| CHF | Swiss Franc | JPY | Japanese Yen | USD | U.S. Dollar |
| DKK | Danish Krone | KRW | Korean Won | ZAR | South African Rand |
| EUR | Euro | NOK | Norwegian Krone |
JULY 31, 2014 1
| Schedule of Investments (continued) |
|---|
| (Percentages shown are based on Net Assets) |
| Common Stocks | Value | |
|---|---|---|
| Switzerland (concluded) | ||
| UBS AG | 49 | $ 842 |
| 31,245,047 | ||
| Taiwan 0.3% | ||
| Hermes Microvision, Inc. | 77,042 | 2,987,725 |
| United Kingdom 7.0% | ||
| Abengoa Yield PLC (a)(b) | 109,700 | 3,968,946 |
| AO World PLC (b) | 1,025,300 | 3,388,176 |
| APR Energy PLC | 675,318 | 6,514,019 |
| AstraZeneca PLC | 180,200 | 13,157,614 |
| Crest Nicholson Holdings PLC | 1,922,419 | 11,411,634 |
| Foxtons Group PLC | 1,664,787 | 7,522,583 |
| Metro Bank PLC (Acquired 1/16/14, Cost $5,768,771) (b)(c) | 271,008 | 5,998,404 |
| Nomad Holdings Ltd. (b) | 556,597 | 5,782,113 |
| Perform Group PLC (b) | 1,334,898 | 4,789,145 |
| Polypipe Group PLC (b) | 3,094,247 | 12,798,881 |
| Poundland Group PLC (b) | 382,700 | 2,078,679 |
| Vodafone Group PLC ADR | 40 | 1,329 |
| 77,411,523 | ||
| United States 46.6% | ||
| AbbVie, Inc. (a)(d) | 190,723 | 9,982,442 |
| Actavis PLC (a) | 51,100 | 10,948,686 |
| Adobe Systems, Inc. (a)(b) | 98,800 | 6,828,068 |
| Altria Group, Inc. (a) | 293,800 | 11,928,280 |
| American Airlines Group, Inc. (a) | 243,200 | 9,448,320 |
| Apple, Inc. (a) | 299,288 | 28,602,954 |
| Aramark | 230,100 | 6,203,496 |
| Autodesk, Inc. (b) | 142,400 | 7,597,040 |
| Bank of America Corp. (a) | 656,900 | 10,017,725 |
| BankUnited, Inc. | 452,683 | 14,141,817 |
| Biogen Idec, Inc. (a)(b) | 17,200 | 5,751,508 |
| BioMarin Pharmaceutical, Inc. (a)(b) | 113,600 | 7,022,752 |
| Cabot Oil & Gas Corp. (a)(d) | 119,009 | 3,921,347 |
| CBS Corp., Class B (a) | 144,900 | 8,234,667 |
| Citigroup, Inc. (a) | 167,761 | 8,205,191 |
| Comcast Corp., Class A (a)(d) | 285,200 | 15,323,796 |
| Concho Resources, Inc. (a)(b)(d) | 85,300 | 12,010,240 |
| Covidien PLC (a) | 151,000 | 13,063,010 |
| Crown Holdings, Inc. (b) | 153,700 | 7,154,735 |
| Eastman Chemical Co. (a) | 115,700 | 9,114,846 |
| EOG Resources, Inc. (a) | 83,400 | 9,127,296 |
| Facebook, Inc., Class A (a)(b) | 93,800 | 6,814,570 |
| Flowserve Corp. (a) | 89,800 | 6,648,792 |
| General Motors Co. (a)(d) | 213,500 | 7,220,570 |
| Google, Inc., Class A (a)(b) | 23,939 | 13,873,847 |
| Google, Inc., Class C (a)(b) | 24,239 | 13,855,012 |
| The Hain Celestial Group, Inc. (a)(b) | 87,541 | 7,484,755 |
| The Hartford Financial Services Group, Inc. (a) | 337,600 | 11,532,416 |
| Hertz Global Holdings, Inc. (a)(b) | 204,400 | 5,768,168 |
| JPMorgan Chase & Co. (a) | 433,515 | 25,000,810 |
| Kennedy-Wilson Holdings, Inc. | 542,400 | 12,692,160 |
| Las Vegas Sands Corp. (a) | 77,300 | 5,708,605 |
| LendingClub Corp. (Acquired 5/8/14, Cost $625,247) (b)(c) | 30,736 | 625,247 |
| Lowes Cos., Inc. (a) | 146,000 | 6,986,100 |
| Common Stocks | Value | |
|---|---|---|
| United States (concluded) | ||
| Manpowergroup, Inc. | 173,600 | $ 13,521,704 |
| Merck & Co., Inc. (a) | 274,200 | 15,558,108 |
| Mondelez International, Inc., Class A (a) | 363,400 | 13,082,400 |
| Oasis Petroleum, Inc. (a)(b) | 90,422 | 4,833,056 |
| Pfizer, Inc. (a) | 369,200 | 10,596,040 |
| Platform Specialty Products Corp. (b) | 449,622 | 11,110,160 |
| Public Service Enterprise Group, Inc. | 226,000 | 7,948,420 |
| PVH Corp. (a) | 75,000 | 8,263,500 |
| Roper Industries, Inc. (a) | 90,200 | 12,995,114 |
| Samsonite International SA | 2,561,300 | 7,937,283 |
| Schlumberger Ltd. (a)(d) | 107,360 | 11,636,750 |
| St. Jude Medical, Inc. (a) | 86,600 | 5,645,454 |
| Strategic Growth Bancorp. (Acquired 3/13/14, Cost $5,461,690) (b)(c) | 438,690 | 5,290,602 |
| SunPower Corp. (a)(b)(d) | 123,645 | 4,541,481 |
| U.S. Silica Holdings, Inc. (a) | 104,700 | 5,886,234 |
| United Parcel Service, Class B (a) | 118,800 | 11,534,292 |
| United Rentals, Inc. (a)(b) | 80,549 | 8,530,139 |
| Varian Medical Systems, Inc. (a)(b) | 84,600 | 6,949,890 |
| Wisdomtree Investments, Inc. (b) | 924,693 | 9,487,350 |
| Yelp, Inc. (a)(b) | 57,000 | 3,828,120 |
| 518,015,365 | ||
| Total Common Stocks 94.4% | 1,050,289,606 | |
| Investment Companies | ||
| United Kingdom 0.5% | ||
| Kennedy Wilson Europe Real Estate PLC (b) | 302,475 | 5,423,316 |
| Preferred Stocks | ||
| India 0.2% | ||
| Snapdeal.com (Acquired 5/8/14, Cost $1,871,178), 0.00% (b)(c) | 266 | 1,856,879 |
| United States 2.4% | ||
| Hortonworks, Inc., Series D (Acquired 3/21/14, Cost $10,246,000), 0.00% (b)(c) | 840,725 | 10,248,438 |
| LendingClub Corp. (Acquired 4/16/14, Cost $2,810,154), 0.00% (b)(c) | 138,142 | 2,810,154 |
| New Relic, Inc. (Acquired 4/16/14, Cost $7,078,530), 0.00% (b)(c) | 244,644 | 7,078,529 |
| Palantir Technologies, Inc., Series I (Acquired 2/10/14, Cost $3,118,944), 0.00% (b)(c) | 508,800 | 3,118,944 |
| Uber Technologies, Inc., Series D (Acquired 6/10/14, Cost $3,845,800), 0.00% | ||
| (b)(c) | 61,977 | 3,845,809 |
| Total Preferred Stocks 2.6% | 28,958,753 | |
| Warrants (e) | ||
| United Kingdom 0.0% | ||
| Nomad Holdings Ltd., Expires 4/10/17 (b) | 556,597 | 247,686 |
| Total Long Term Investments (Cost $975,576,587) 97.5% | 1,084,919,361 |
2 JULY 31, 2014
Schedule of Investments (continued) BlackRock Global Opportunities Equity Trust (BOE)
| Short-Term Securities | Value | |
|---|---|---|
| Blackrock Liquidity Funds, TempFund, Institutional Class, 0.03% (f)(g) | 48,203,774 | $ 48,203,774 |
| Total Short-Term Securities (Cost $ 48,203,774) 4.4% | 48,203,774 | |
| Total Investments Before Options | ||
| Written (Cost $ 1,023,780,361) 101.9% | 1,133,123,135 |
| Options Written | Value | |
|---|---|---|
| (Premiums Received $12,203,519) (0.8)% | $ (8,617,047 | ) |
| Total Investments Net of Options Written 101.1% | 1,124,506,088 | |
| Liabilities in Excess of Other Assets (1.1)% | (12,092,724 | ) |
| Net Assets 100.0% | $ 1,112,413,364 |
Notes to Schedule of Investments
| Tax cost | $ | |
|---|---|---|
| Gross unrealized appreciation | $ 131,691,957 | |
| Gross unrealized depreciation | (36,982,155 | ) |
| Net unrealized appreciation | $ 94,709,802 |
(a) All or a portion of security has been pledged/segregated as collateral in connection with outstanding options written.
(b) Non-income producing security.
(c) Restricted securities as to resale. As of July 31, 2014 the Trust held 4.3% of its net assets, with current market value of $48,050,301 and original cost of $46,143,682, in these securities.
(d) All or a portion of security has been pledged as collateral in connection with outstanding OTC derivatives.
(e) Warrants entitle the Trust to purchase a predetermined number of shares of common stock and are non-income producing. The purchase price and number of shares are sub- ject to adjustment under certain conditions until the expiration date of the warrants, if any.
(f) Represents the current yield as of report date.
(g) Investments in issuers considered to be an affiliate of the Trust during the period ended July 31, 2014, 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 | 36,387,584 | 11,816,190 | 48,203,774 | Income — $ 6,009 |
|---|---|---|---|---|
| BlackRock Liquidity Series, LLC Money Market Series | | | | $ 104,261 |
Exchange-traded options written as of July 31, 2014 were as follows:
| Description — Apple, Inc. | Call | USD | 99.00 | 8/01/14 | 323 | Market Value — $ (808 | ) |
|---|---|---|---|---|---|---|---|
| CBS Corp., Class B | Call | USD | 62.50 | 8/01/14 | 400 | (8,000 | ) |
| General Motors Co. | Call | USD | 39.00 | 8/01/14 | 74 | (296 | ) |
| The Hartford Financial Services Group, Inc. | Call | USD | 37.00 | 8/01/14 | 886 | (2,658 | ) |
| Las Vegas Sands Corp. | Call | USD | 76.00 | 8/01/14 | 71 | (178 | ) |
| Las Vegas Sands Corp. | Call | USD | 80.00 | 8/01/14 | 86 | (602 | ) |
| Merck & Co., Inc. | Call | USD | 58.50 | 8/01/14 | 423 | (1,058 | ) |
| Pfizer, Inc. | Call | USD | 30.00 | 8/01/14 | 890 | (1,780 | ) |
| Pfizer, Inc. | Call | USD | 30.50 | 8/01/14 | 103 | (206 | ) |
| Pfizer, Inc. | Call | USD | 31.00 | 8/01/14 | 28 | (28 | ) |
| Apple, Inc. | Call | USD | 96.00 | 8/04/14 | 166 | (6,889 | ) |
| JPMorgan Chase & Co. | Call | USD | 58.00 | 8/04/14 | 495 | (7,920 | ) |
| United Rentals, Inc. | Call | USD | 105.00 | 8/04/14 | 101 | (17,423 | ) |
| Apple, Inc. | Call | USD | 98.00 | 8/08/14 | 250 | (10,750 | ) |
| CBS Corp., Class B | Call | USD | 63.50 | 8/08/14 | 400 | (10,000 | ) |
| Citigroup, Inc. | Call | USD | 49.50 | 8/08/14 | 579 | (21,713 | ) |
| EOG Resources, Inc. | Call | USD | 119.00 | 8/08/14 | 137 | (5,754 | ) |
JULY 31, 2014 3
Schedule of Investments (continued) BlackRock Global Opportunities Equity Trust (BOE)
Exchange-traded options written as of July 31, 2014 were as follows: (continued)
| Description — General Motors Co. | Call | USD | 38.00 | 8/08/14 | 254 | Market Value — $ (1,270 | ) |
|---|---|---|---|---|---|---|---|
| Google, Inc., Class A | Call | USD | 600.00 | 8/08/14 | 66 | (8,580 | ) |
| The Hartford Financial Services Group, Inc. | Call | USD | 37.00 | 8/08/14 | 886 | (3,544 | ) |
| JPMorgan Chase & Co. | Call | USD | 57.00 | 8/08/14 | 271 | (29,539 | ) |
| Pfizer, Inc. | Call | USD | 30.00 | 8/08/14 | 890 | (3,115 | ) |
| SunPower Corp. | Call | USD | 42.00 | 8/08/14 | 233 | (6,757 | ) |
| Moncler SpA | Call | EUR | 13.00 | 8/14/14 | 20 | (75 | ) |
| Mondelez International, Inc., Class A | Call | USD | 37.75 | 8/16/14 | 623 | (10,042 | ) |
| AbbVie, Inc. | Call | USD | 55.00 | 8/18/14 | 650 | (14,625 | ) |
| Abengoa Yield PLC | Call | USD | 40.00 | 8/18/14 | 200 | (17,000 | ) |
| Actavis PLC | Call | USD | 210.00 | 8/18/14 | 154 | (150,920 | ) |
| Adobe Systems, Inc. | Call | USD | 72.50 | 8/18/14 | 274 | (6,987 | ) |
| Apple, Inc. | Call | USD | 100.00 | 8/18/14 | 112 | (4,368 | ) |
| Apple, Inc. | Call | USD | 98.57 | 8/18/14 | 217 | (13,671 | ) |
| Biogen Idec, Inc. | Call | USD | 325.00 | 8/18/14 | 47 | (63,450 | ) |
| Citigroup, Inc. | Call | USD | 50.00 | 8/18/14 | 657 | (25,952 | ) |
| Concho Resources, Inc. | Call | USD | 145.00 | 8/18/14 | 261 | (58,072 | ) |
| Copa Holdings SA, Class A | Call | USD | 145.00 | 8/18/14 | 210 | (177,450 | ) |
| Covidien PLC | Call | USD | 90.00 | 8/18/14 | 830 | (18,675 | ) |
| Credicorp Ltd. | Call | USD | 155.00 | 8/18/14 | 224 | (15,680 | ) |
| Eastman Chemical Co. | Call | USD | 90.00 | 8/18/14 | 640 | (3,200 | ) |
| General Motors Co. | Call | USD | 38.00 | 8/18/14 | 254 | (1,016 | ) |
| Google, Inc., Class A | Call | USD | 600.00 | 8/18/14 | 66 | (18,315 | ) |
| Google, Inc., Class C | Call | USD | 595.00 | 8/18/14 | 66 | (14,355 | ) |
| The Hain Celestial Group, Inc. | Call | USD | 90.00 | 8/18/14 | 315 | (11,813 | ) |
| Hertz Global Holdings, Inc. | Call | USD | 30.00 | 8/18/14 | 485 | (16,975 | ) |
| Hertz Global Holdings, Inc. | Call | USD | 32.00 | 8/18/14 | 640 | (6,400 | ) |
| JPMorgan Chase & Co. | Call | USD | 57.50 | 8/18/14 | 271 | (26,016 | ) |
| Las Vegas Sands Corp. | Call | USD | 74.50 | 8/18/14 | 105 | (12,495 | ) |
| Lowes Cos., Inc. | Call | USD | 48.00 | 8/18/14 | 405 | (26,730 | ) |
| MEG Energy Corp. | Call | CAD | 40.00 | 8/18/14 | 445 | (13,264 | ) |
| Melco Crown Entertainment Ltd. ADR | Call | USD | 34.00 | 8/18/14 | 44 | (4,290 | ) |
| Melco Crown Entertainment Ltd. ADR | Call | USD | 34.50 | 8/18/14 | 43 | (3,440 | ) |
| Melco Crown Entertainment Ltd. ADR | Call | USD | 35.00 | 8/18/14 | 400 | (28,000 | ) |
| Melco Crown Entertainment Ltd. ADR | Call | USD | 39.00 | 8/18/14 | 265 | (4,638 | ) |
| Merck & Co., Inc. | Call | USD | 59.00 | 8/18/14 | 660 | (8,910 | ) |
| Mondelez International, Inc., Class A | Call | USD | 39.00 | 8/18/14 | 100 | (400 | ) |
| Oasis Petroleum, Inc. | Call | USD | 55.00 | 8/18/14 | 500 | (55,000 | ) |
| PVH Corp. | Call | USD | 115.00 | 8/18/14 | 410 | (20,500 | ) |
| Roper Industries, Inc. | Call | USD | 150.00 | 8/18/14 | 304 | (9,120 | ) |
| Schlumberger Ltd. | Call | USD | 113.00 | 8/18/14 | 86 | (4,128 | ) |
| Schlumberger Ltd. | Call | USD | 120.00 | 8/18/14 | 100 | (450 | ) |
| St. Jude Medical, Inc. | Call | USD | 70.00 | 8/18/14 | 375 | (3,750 | ) |
| Suncor Energy, Inc. | Call | CAD | 46.00 | 8/18/14 | 92 | (2,152 | ) |
| SunPower Corp. | Call | USD | 39.00 | 8/18/14 | 215 | (19,028 | ) |
| U.S. Silica Holdings, Inc. | Call | USD | 60.00 | 8/18/14 | 276 | (15,870 | ) |
| United Parcel Service, Class B | Call | USD | 105.00 | 8/18/14 | 659 | (2,307 | ) |
| United Rentals, Inc. | Call | USD | 98.00 | 8/18/14 | 235 | (201,997 | ) |
| YPF SA ADR | Call | USD | 43.00 | 8/18/14 | 690 | (31,050 | ) |
| Apple, Inc. | Call | USD | 99.00 | 8/22/14 | 249 | (19,920 | ) |
| Citigroup, Inc. | Call | USD | 50.00 | 8/22/14 | 143 | (7,794 | ) |
4 JULY 31, 2014
Schedule of Investments (continued) BlackRock Global Opportunities Equity Trust (BOE)
Exchange-traded options written as of July 31, 2014 were as follows: (concluded)
| Description — EOG Resources, Inc. | Call | USD | 119.00 | 8/22/14 | 184 | Market Value — $ (15,088 | ) |
|---|---|---|---|---|---|---|---|
| General Motors Co. | Call | USD | 38.00 | 8/22/14 | 218 | (1,417 | ) |
| JPMorgan Chase & Co. | Call | USD | 58.50 | 8/22/14 | 496 | (30,752 | ) |
| Las Vegas Sands Corp. | Call | USD | 80.00 | 8/22/14 | 163 | (2,771 | ) |
| Schlumberger Ltd. | Call | USD | 118.00 | 8/22/14 | 100 | (1,600 | ) |
| SunPower Corp. | Call | USD | 42.50 | 8/22/14 | 233 | (11,184 | ) |
| AbbVie, Inc. | Call | USD | 56.00 | 8/28/14 | 650 | (18,072 | ) |
| Actavis PLC | Call | USD | 225.00 | 8/29/14 | 127 | (55,245 | ) |
| Altria Group, Inc. | Call | USD | 42.50 | 8/29/14 | 815 | (11,003 | ) |
| Apple, Inc. | Call | USD | 100.00 | 8/29/14 | 217 | (18,011 | ) |
| Apple, Inc. | Call | USD | 101.00 | 8/29/14 | 112 | (7,224 | ) |
| Baidu, Inc. ADR | Call | USD | 185.00 | 8/29/14 | 94 | (300,330 | ) |
| Biogen Idec, Inc. | Call | USD | 325.00 | 8/29/14 | 48 | (77,520 | ) |
| General Motors Co. | Call | USD | 38.00 | 8/29/14 | 300 | (2,550 | ) |
| Google, Inc., Class C | Call | USD | 590.00 | 8/29/14 | 35 | (21,525 | ) |
| Google, Inc., Class C | Call | USD | 592.50 | 8/29/14 | 32 | (17,440 | ) |
| Merck & Co., Inc. | Call | USD | 59.00 | 8/29/14 | 424 | (13,780 | ) |
| United Rentals, Inc. | Call | USD | 111.00 | 8/29/14 | 110 | (16,775 | ) |
| Altria Group, Inc. | Call | USD | 42.50 | 9/05/14 | 815 | (14,263 | ) |
| American Airlines Group, Inc. | Call | USD | 41.50 | 9/05/14 | 592 | (57,128 | ) |
| Bank of America Corp. | Call | USD | 16.00 | 9/05/14 | 1,810 | (26,245 | ) |
| Comcast Corp., Class A | Call | USD | 54.50 | 9/05/14 | 789 | (65,882 | ) |
| EOG Resources, Inc. | Call | USD | 116.00 | 9/05/14 | 137 | (24,797 | ) |
| Facebook, Inc., Class A | Call | USD | 78.00 | 9/05/14 | 259 | (29,785 | ) |
| JPMorgan Chase & Co. | Call | USD | 59.50 | 9/05/14 | 850 | (46,325 | ) |
| Schlumberger Ltd. | Call | USD | 111.00 | 9/05/14 | 304 | (50,464 | ) |
| Comcast Corp., Class A | Call | USD | 55.00 | 9/12/14 | 788 | (59,100 | ) |
| Facebook, Inc., Class A | Call | USD | 76.00 | 9/12/14 | 250 | (49,125 | ) |
| Banca Generali SpA | Call | EUR | 22.00 | 9/19/14 | 530 | (17,876 | ) |
| Adobe Systems, Inc. | Call | USD | 72.40 | 9/22/14 | 274 | (39,718 | ) |
| American Airlines Group, Inc. | Call | USD | 42.00 | 9/22/14 | 592 | (65,120 | ) |
| Baidu, Inc. ADR | Call | USD | 220.00 | 9/22/14 | 160 | (133,600 | ) |
| Bank of America Corp. | Call | USD | 16.00 | 9/22/14 | 1,810 | (38,915 | ) |
| BioMarin Pharmaceutical, Inc. | Call | USD | 70.00 | 9/22/14 | 320 | (39,200 | ) |
| Concho Resources, Inc. | Call | USD | 150.00 | 9/22/14 | 209 | (62,700 | ) |
| Copa Holdings SA, Class A | Call | USD | 153.00 | 9/22/14 | 107 | (51,075 | ) |
| MEG Energy Corp. | Call | CAD | 38.00 | 9/22/14 | 225 | (38,176 | ) |
| Melco Crown Entertainment Ltd. ADR | Call | USD | 35.00 | 9/22/14 | 43 | (5,590 | ) |
| Roper Industries, Inc. | Call | USD | 145.00 | 9/22/14 | 192 | (53,280 | ) |
| Suncor Energy, Inc. | Call | CAD | 46.00 | 9/22/14 | 90 | (5,613 | ) |
| U.S. Silica Holdings, Inc. | Call | USD | 65.00 | 9/22/14 | 300 | (18,000 | ) |
| Varian Medical Systems, Inc. | Call | USD | 84.00 | 9/22/14 | 470 | (74,052 | ) |
| Yelp, Inc. | Call | USD | 80.00 | 9/22/14 | 310 | (46,500 | ) |
| Flowserve Corp. | Call | USD | 76.25 | 10/01/14 | 174 | (30,972 | ) |
| Total | $ (3,084,946 | ) |
Over-the-counter options written as of July 31, 2014 were as follows:
| Description — Autodesk, Inc. | Counterparty — Morgan Stanley & Co. International PLC | Call | USD | 54.58 | 8/01/14 | 39,500 | Market Value — $ (3,165 | ) |
|---|---|---|---|---|---|---|---|---|
| Kennedy-Wilson Holdings, Inc. | Goldman Sachs International | Call | USD | 23.98 | 8/01/14 | 35,000 | (63 | ) |
JULY 31, 2014 5
Schedule of Investments (continued) BlackRock Global Opportunities Equity Trust (BOE)
Over-the-counter options written as of July 31, 2014 were as follows: (continued)
| Description — BankUnited, Inc. | Counterparty — Deutsche Bank AG | Call | USD | 32.91 | 8/04/14 | 65,900 | Market Value — $ (3 | ) |
|---|---|---|---|---|---|---|---|---|
| Crown Holdings, Inc. | Deutsche Bank AG | Call | USD | 48.65 | 8/04/14 | 41,300 | (40 | ) |
| AIA Group Ltd. | Deutsche Bank AG | Call | HKD | 39.54 | 8/05/14 | 476,000 | (122,897 | ) |
| Aramark | Credit Suisse International | Call | USD | 26.56 | 8/05/14 | 32,600 | (22,655 | ) |
| Bayer AG | Goldman Sachs International | Call | EUR | 106.51 | 8/05/14 | 34,500 | (17 | ) |
| Beijing Enterprises Water Group Ltd. | Bank of America N.A. | Call | HKD | 5.06 | 8/05/14 | 1,400,000 | (15,494 | ) |
| Henkel AG & Co. KGaA | Deutsche Bank AG | Call | EUR | 86.38 | 8/05/14 | 24,000 | (1,383 | ) |
| Hyundai Development Co. Engineering & Construction | Goldman Sachs International | Call | KRW | 31,621.25 | 8/05/14 | 26,500 | (182,804 | ) |
| Kenedix Office Investment Corp. REIT | Goldman Sachs International | Call | JPY | 560,341.25 | 8/05/14 | 90 | (5,328 | ) |
| Mitsubishi Estate Co. Ltd. | Goldman Sachs International | Call | JPY | 2,537.50 | 8/05/14 | 99,000 | (23,419 | ) |
| Nabtesco Corp. | Morgan Stanley & Co. International PLC | Call | JPY | 2,286.42 | 8/05/14 | 101,500 | (52,099 | ) |
| NAVER Corp | Bank of America N.A. | Call | KRW | 795,600.00 | 8/05/14 | 2,600 | (2,489 | ) |
| NH Hotel Group SA | Bank of America N.A. | Call | EUR | 4.74 | 8/05/14 | 133,000 | (2 | ) |
| Nordea Bank AB | Morgan Stanley & Co. International PLC | Call | SEK | 100.39 | 8/05/14 | 117,000 | | |
| Public Service EnterpriseGroup, Inc. | UBS AG | Call | USD | 38.26 | 8/05/14 | 61,000 | (1 | ) |
| Roche Holding AG | UBS AG | Call | CHF | 266.14 | 8/05/14 | 21,500 | (22,123 | ) |
| Samsonite International SA | Deutsche Bank AG | Call | HKD | 24.87 | 8/05/14 | 149,100 | (751 | ) |
| Samsonite International SA | UBS AG | Call | HKD | 26.11 | 8/05/14 | 300,000 | (25 | ) |
| Societe Generale SA | Morgan Stanley & Co. International PLC | Call | EUR | 39.63 | 8/05/14 | 92,000 | (9,466 | ) |
| Svenska Cellulosa AB SCA, Class B | UBS AG | Call | SEK | 178.90 | 8/05/14 | 67,600 | (120 | ) |
| Daimler AG | Deutsche Bank AG | Call | EUR | 69.97 | 8/06/14 | 41,000 | (15 | ) |
| Telefonica Deutschland Holding AG | Deutsche Bank AG | Call | EUR | 5.96 | 8/06/14 | 64,900 | (4,432 | ) |
| Enbridge, Inc. | Deutsche Bank AG | Call | CAD | 51.27 | 8/07/14 | 33,700 | (67,834 | ) |
| Kennedy-Wilson Holdings, Inc. | Deutsche Bank AG | Call | USD | 26.40 | 8/07/14 | 67,200 | (1 | ) |
| SMC Corp. | BNP Paribas S.A. | Call | JPY | 27,805.09 | 8/07/14 | 6,200 | (49,196 | ) |
| Vivendi SA | Deutsche Bank AG | Call | EUR | 18.51 | 8/08/14 | 139,000 | (64,693 | ) |
| Kenedix Office Investment Corp. REIT | Goldman Sachs International | Call | JPY | 531,260.00 | 8/11/14 | 20 | (5,591 | ) |
| Kennedy-Wilson Holdings, Inc. | Morgan Stanley & Co. International PLC | Call | USD | 24.67 | 8/11/14 | 35,000 | (1,279 | ) |
| Lowes Cos., Inc. | Morgan Stanley & Co. International PLC | Call | USD | 48.66 | 8/11/14 | 40,500 | (11,238 | ) |
| Samsonite International SA | Goldman Sachs International | Call | HKD | 25.44 | 8/11/14 | 135,600 | (710 | ) |
| Suncor Energy, Inc. | Morgan Stanley & Co. International PLC | Call | CAD | 46.75 | 8/11/14 | 42,000 | (2,409 | ) |
| Anheuser-Busch InBev NV | Goldman Sachs International | Call | EUR | 83.46 | 8/12/14 | 53,000 | (20,101 | ) |
| BankUnited, Inc. | Credit Suisse International | Call | USD | 34.15 | 8/12/14 | 66,800 | (6 | ) |
| MEG Energy Corp. | Morgan Stanley & Co. International PLC | Call | CAD | 39.00 | 8/12/14 | 68,200 | (37,138 | ) |
| NH Hotel Group SA | Morgan Stanley & Co. International PLC | Call | EUR | 4.57 | 8/12/14 | 120,000 | (1,398 | ) |
| St. Jude Medical, Inc. | Morgan Stanley & Co. International PLC | Call | USD | 67.55 | 8/12/14 | 10,200 | (2,368 | ) |
| Crest Nicholson Holdings PLC | Morgan Stanley & Co. International PLC | Call | GBP | 3.51 | 8/13/14 | 36,000 | (4,510 | ) |
| Naspers Ltd., N Shares | UBS AG | Call | ZAR | 1,354.60 | 8/13/14 | 35,400 | (77,806 | ) |
| AstraZeneca PLC | Deutsche Bank AG | Call | GBP | 43.97 | 8/14/14 | 79,000 | (36,039 | ) |
| Autodesk, Inc. | Morgan Stanley & Co. International PLC | Call | USD | 54.58 | 8/14/14 | 39,500 | (46,053 | ) |
| Mitsubishi Estate Co. Ltd. | Goldman Sachs International | Call | JPY | 2,553.74 | 8/14/14 | 47,000 | (17,154 | ) |
| Schneider Electric SE | Bank of America N.A. | Call | EUR | 67.64 | 8/14/14 | 15,900 | (2,345 | ) |
| Svenska Cellulosa AB SCA, Class B | Goldman Sachs International | Call | SEK | 187.57 | 8/14/14 | 71,000 | (28 | ) |
| AIA Group Ltd. | Deutsche Bank AG | Call | HKD | 40.15 | 8/20/14 | 476,000 | (95,533 | ) |
| Kenedix Office Investment Corp. REIT | Goldman Sachs International | Call | JPY | 531,260.00 | 8/20/14 | 20 | (6,004 | ) |
6 JULY 31, 2014
Schedule of Investments (continued) BlackRock Global Opportunities Equity Trust (BOE)
Over-the-counter options written as of July 31, 2014 were as follows: (continued)
| Description — Royal Dutch Shell PLC ADR | Counterparty — Credit Suisse International | Call | USD | 82.81 | 8/20/14 | 31,700 | Market Value — $ (16,126 | ) |
|---|---|---|---|---|---|---|---|---|
| Samsonite International SA | Deutsche Bank AG | Call | HKD | 24.87 | 8/20/14 | 149,100 | (3,950 | ) |
| Cemex SAB de CV ADR | Deutsche Bank AG | Call | USD | 13.37 | 8/21/14 | 122,700 | (5,966 | ) |
| Kennedy-Wilson Holdings, Inc. | Deutsche Bank AG | Call | USD | 25.28 | 8/21/14 | 35,000 | (1,918 | ) |
| Telefonica Deutschland Holding AG | Morgan Stanley & Co. International PLC | Call | EUR | 6.27 | 8/21/14 | 62,100 | (2,785 | ) |
| Vivendi SA | Deutsche Bank AG | Call | EUR | 18.53 | 8/21/14 | 139,500 | (83,976 | ) |
| Mondelez International, Inc., Class A | UBS AG | Call | USD | 37.73 | 8/22/14 | 127,500 | (31,537 | ) |
| Aramark | UBS AG | Call | USD | 27.12 | 8/25/14 | 38,400 | (42,266 | ) |
| Public Service Enterprise Group, Inc. | UBS AG | Call | USD | 39.27 | 8/25/14 | 63,400 | (21,801 | ) |
| Beijing Enterprises Water Group Ltd. | Citibank N.A. | Call | HKD | 5.21 | 8/26/14 | 1,400,000 | (24,660 | ) |
| Crown Holdings, Inc. | Morgan Stanley & Co. International PLC | Call | USD | 51.69 | 8/26/14 | 43,300 | (228 | ) |
| Nabtesco Corp. | UBS AG | Call | JPY | 2,317.50 | 8/26/14 | 66,000 | (43,119 | ) |
| Ping An Insurance Group Co. of China Ltd., Class H | Deutsche Bank AG | Call | HKD | 60.48 | 8/26/14 | 165,000 | (120,802 | ) |
| Samsonite International SA | Goldman Sachs International | Call | HKD | 25.78 | 8/26/14 | 136,000 | (1,703 | ) |
| Statoil ASA | Deutsche Bank AG | Call | NOK | 190.82 | 8/26/14 | 17,000 | (1,105 | ) |
| Aramark | Deutsche Bank AG | Call | USD | 26.28 | 8/27/14 | 38,500 | (60,627 | ) |
| Hyundai Development Co. Engineering & Construction | Goldman Sachs International | Call | KRW | 31,621.25 | 8/27/14 | 26,500 | (184,982 | ) |
| Kenedix Office Investment Corp. REIT | Morgan Stanley & Co. International PLC | Call | JPY | 517,561.66 | 8/27/14 | 120 | (50,690 | ) |
| Kenedix Office Investment Corp. REIT | Morgan Stanley & Co. International PLC | Call | JPY | 525,200.00 | 8/27/14 | 65 | (25,092 | ) |
| Samsonite International SA | Goldman Sachs International | Call | HKD | 25.44 | 8/27/14 | 135,600 | (2,554 | ) |
| Cabot Oil & Gas Corp. | Credit Suisse International | Call | USD | 33.86 | 8/28/14 | 68,700 | (46,071 | ) |
| Suncor Energy, Inc. | Goldman Sachs International | Call | CAD | 45.55 | 8/28/14 | 42,000 | (22,987 | ) |
| Kennedy-Wilson Holdings, Inc. | JPMorgan Chase Bank N.A. | Call | USD | 26.32 | 9/02/14 | 48,600 | (1,730 | ) |
| Anheuser-Busch InBev NV | Goldman Sachs International | Call | EUR | 84.71 | 9/03/14 | 31,000 | (19,742 | ) |
| Novartis AG | UBS AG | Call | CHF | 80.93 | 9/03/14 | 35,000 | (25,540 | ) |
| Ping An Insurance Group Co. of China Ltd., Class H | Deutsche Bank AG | Call | HKD | 60.78 | 9/03/14 | 165,000 | (118,616 | ) |
| Royal Dutch Shell PLC ADR | Credit Suisse International | Call | USD | 83.22 | 9/03/14 | 31,700 | (16,844 | ) |
| Statoil ASA | Deutsche Bank AG | Call | NOK | 191.66 | 9/03/14 | 34,500 | (3,084 | ) |
| Actelion Ltd. | Deutsche Bank AG | Call | CHF | 112.99 | 9/04/14 | 25,000 | (63,678 | ) |
| AIA Group Ltd. | UBS AG | Call | HKD | 41.46 | 9/04/14 | 515,000 | (69,114 | ) |
| AstraZeneca PLC | Goldman Sachs International | Call | GBP | 44.72 | 9/04/14 | 20,000 | (26,612 | ) |
| Beijing Enterprises Water Group Ltd. | Citibank N.A. | Call | HKD | 5.36 | 9/04/14 | 1,400,000 | (22,120 | ) |
| Daimler AG | Morgan Stanley & Co. International PLC | Call | EUR | 69.17 | 9/04/14 | 17,000 | (1,589 | ) |
| Foxtons Group PLC | UBS AG | Call | GBP | 3.07 | 9/04/14 | 30,000 | (1,422 | ) |
| Hyundai Development Co. Engineering & Construction | Goldman Sachs International | Call | KRW | 35,856.55 | 9/04/14 | 53,300 | (187,740 | ) |
| Manpowergroup, Inc. | Morgan Stanley & Co. International PLC | Call | USD | 80.75 | 9/04/14 | 47,500 | (54,532 | ) |
| Nabtesco Corp. | Société Générale | Call | JPY | 2,256.76 | 9/04/14 | 35,000 | (37,973 | ) |
| Naspers Ltd., N Shares | Morgan Stanley & Co. International PLC | Call | ZAR | 1,353.65 | 9/04/14 | 28,000 | (126,603 | ) |
| NH Hotel Group SA | Goldman Sachs International | Call | EUR | 4.50 | 9/04/14 | 50,000 | (3,183 | ) |
| Nordea Bank AB | Goldman Sachs International | Call | SEK | 96.03 | 9/04/14 | 165,000 | (14,853 | ) |
| Novo Nordisk A/S, Class B | Goldman Sachs International | Call | DKK | 251.39 | 9/04/14 | 62,200 | (104,308 | ) |
| Sacyr SA | Goldman Sachs International | Call | EUR | 4.48 | 9/04/14 | 275,000 | (54,090 | ) |
| Schneider Electric SE | Goldman Sachs International | Call | EUR | 67.85 | 9/04/14 | 54,000 | (29,231 | ) |
JULY 31, 2014 7
Schedule of Investments (continued) BlackRock Global Opportunities Equity Trust (BOE)
Over-the-counter options written as of July 31, 2014 were as follows: (continued)
| Description — Societe Generale SA | Counterparty — Goldman Sachs International | Call | EUR | 38.92 | 9/04/14 | 33,000 | Market Value — $ (35,466 | ) |
|---|---|---|---|---|---|---|---|---|
| Telefonica Deutschland Holding AG | Morgan Stanley & Co. International PLC | Call | EUR | 6.27 | 9/04/14 | 62,100 | (1,407 | ) |
| Tokyo Tatemono Co. Ltd. | UBS AG | Call | JPY | 897.60 | 9/04/14 | 125,000 | (24,510 | ) |
| Unibail-Rodamco SE REIT | Deutsche Bank AG | Call | EUR | 205.75 | 9/04/14 | 16,800 | (32,883 | ) |
| Sacyr SA | Goldman Sachs International | Call | EUR | 4.51 | 9/05/14 | 320,000 | (59,751 | ) |
| Samsung Electronics Co. Ltd. | UBS AG | Call | KRW 1,391,237.48 | 9/05/14 | 1,600 | (30,753 | ) | |
| Svenska Cellulosa AB SCA, Class B | UBS AG | Call | SEK | 177.15 | 9/05/14 | 80,000 | (13,013 | ) |
| Actelion Ltd. | Deutsche Bank AG | Call | CHF | 114.09 | 9/09/14 | 10,000 | (24,309 | ) |
| BankUnited, Inc. | Deutsche Bank AG | Call | USD | 33.74 | 9/09/14 | 46,200 | (1,972 | ) |
| Crest Nicholson Holdings PLC | Morgan Stanley & Co. International PLC | Call | GBP | 3.52 | 9/09/14 | 50,000 | (10,695 | ) |
| Enbridge, Inc. | Citibank N.A. | Call | CAD | 55.25 | 9/09/14 | 33,700 | (8,013 | ) |
| Flowserve Corp. | UBS AG | Call | USD | 74.19 | 9/09/14 | 32,000 | (62,425 | ) |
| Foxtons Group PLC | Bank of America N.A. | Call | GBP | 2.74 | 9/09/14 | 25,000 | (5,131 | ) |
| MEG Energy Corp. | Morgan Stanley & Co. International PLC | Call | CAD | 38.76 | 9/09/14 | 14,930 | (17,268 | ) |
| Nordea Bank AB | Goldman Sachs International | Call | SEK | 96.03 | 9/09/14 | 165,000 | (18,343 | ) |
| Royal Dutch Shell PLC ADR | Credit Suisse International | Call | USD | 83.22 | 9/09/14 | 31,700 | (19,385 | ) |
| Aramark | Deutsche Bank AG | Call | USD | 27.60 | 9/10/14 | 58,900 | (49,789 | ) |
| Beijing Enterprises Water Group Ltd. | Goldman Sachs International | Call | HKD | 5.24 | 9/10/14 | 700,000 | (16,290 | ) |
| Kenedix Office Investment Corp. REIT | Morgan Stanley & Co. International PLC | Call | JPY | 530,950.00 | 9/10/14 | 120 | (40,576 | ) |
| Mitsubishi Estate Co. Ltd. | Bank of America N.A. | Call | JPY | 2,612.87 | 9/10/14 | 99,000 | (38,806 | ) |
| NH Hotel Group SA | Morgan Stanley & Co. International PLC | Call | EUR | 4.26 | 9/10/14 | 80,000 | (13,361 | ) |
| Novartis AG | UBS AG | Call | CHF | 81.10 | 9/10/14 | 43,200 | (34,406 | ) |
| Statoil ASA | Deutsche Bank AG | Call | NOK | 192.70 | 9/10/14 | 17,000 | (1,799 | ) |
| Tokyo Tatemono Co. Ltd. | Bank of America N.A. | Call | JPY | 894.22 | 9/10/14 | 278,000 | (62,738 | ) |
| Kenedix Office Investment Corp. REIT | Morgan Stanley & Co. International PLC | Call | JPY | 527,885.59 | 9/11/14 | 65 | (23,832 | ) |
| Kennedy-Wilson Holdings, Inc. | Deutsche Bank AG | Call | USD | 26.58 | 9/11/14 | 48,600 | (2,277 | ) |
| Manpowergroup, Inc. | Morgan Stanley & Co. International PLC | Call | USD | 81.55 | 9/11/14 | 47,500 | (52,986 | ) |
| Samsonite International SA | Deutsche Bank AG | Call | HKD | 25.17 | 9/11/14 | 66,000 | (2,675 | ) |
| Samsung Electronics Co. Ltd. | Citibank N.A. | Call | KRW 1,424,657.46 | 9/11/14 | 1,700 | (22,883 | ) | |
| Telefonica Deutschland Holding AG | Deutsche Bank AG | Call | EUR | 6.19 | 9/12/14 | 62,000 | (3,136 | ) |
| The Hain Celestial Group, Inc. | Citibank N.A. | Call | USD | 91.36 | 9/15/14 | 32,900 | (32,046 | ) |
| Samsonite International SA | Deutsche Bank AG | Call | HKD | 25.17 | 9/16/14 | 66,000 | (3,026 | ) |
| Kenedix Office Investment Corp. REIT | Morgan Stanley & Co. International PLC | Call | JPY | 568,400.00 | 9/17/14 | 30 | (4,582 | ) |
| Henkel AG & Co. KGaA | Morgan Stanley & Co. International PLC | Call | EUR | 86.06 | 9/18/14 | 30,000 | (34,734 | ) |
| Kennedy-Wilson Holdings, Inc. | Morgan Stanley & Co. International PLC | Call | USD | 26.31 | 9/18/14 | 32,100 | (2,739 | ) |
| NH Hotel Group SA | Goldman Sachs International | Call | EUR | 4.31 | 9/18/14 | 50,000 | (8,540 | ) |
| Nordea Bank AB | Goldman Sachs International | Call | SEK | 97.06 | 9/18/14 | 115,000 | (10,935 | ) |
| Telefonica Deutschland Holding AG | Deutsche Bank AG | Call | EUR | 6.13 | 9/18/14 | 65,000 | (4,634 | ) |
| Beijing Enterprises Water Group Ltd. | Goldman Sachs International | Call | HKD | 5.24 | 9/24/14 | 700,000 | (18,953 | ) |
| Kenedix Office Investment Corp. REIT | Morgan Stanley & Co. International PLC | Call | JPY | 558,530.00 | 9/24/14 | 15 | (3,060 | ) |
| NAVER Corp | Morgan Stanley & Co. International PLC | Call | KRW | 759,690.00 | 9/24/14 | 1,590 | (56,962 | ) |
| Samsonite International SA | BNP Paribas S.A. | Call | HKD | 25.65 | 9/24/14 | 141,000 | (5,231 | ) |
| SMC Corp. | UBS AG | Call | JPY | 28,370.90 | 9/24/14 | 6,200 | (75,216 | ) |
| SoftBank Corp. | Bank of America N.A. | Call | JPY | 7,707.12 | 9/24/14 | 80,000 | (138,961 | ) |
| BankUnited, Inc. | Morgan Stanley & Co. International PLC | Call | USD | 32.19 | 9/25/14 | 70,000 | (35,304 | ) |
8 JULY 31, 2014
Schedule of Investments (continued) BlackRock Global Opportunities Equity Trust (BOE)
Over-the-counter options written as of July 31, 2014 were as follows: (concluded)
| Description — Cemex SAB de CV ADR | Counterparty — Deutsche Bank AG | Call | USD | 13.27 | 9/25/14 | 126,800 | Market Value — $ (24,669 | ) |
|---|---|---|---|---|---|---|---|---|
| Telefonica Deutschland Holding AG | Deutsche Bank AG | Call | EUR | 6.19 | 9/25/14 | 62,000 | (3,953 | ) |
| NH Hotel Group SA | Goldman Sachs International | Call | EUR | 4.12 | 9/30/14 | 100,000 | (31,856 | ) |
| Daimler AG | Morgan Stanley & Co. International PLC | Call | EUR | 64.03 | 10/02/14 | 21,600 | (35,654 | ) |
| Mitsubishi UFJ Financial Group, Inc. | Bank of America N.A. | Call | JPY | 622.76 | 10/07/14 | 806,500 | (91,557 | ) |
| Samsonite International SA | BNP Paribas S.A. | Call | HKD | 25.65 | 10/07/14 | 141,000 | (6,635 | ) |
| Novo Nordisk A/S, Class B | Morgan Stanley & Co. International PLC | Call | DKK | 260.28 | 10/08/14 | 59,800 | (80,813 | ) |
| Mitsubishi UFJ Financial Group, Inc. | Bank of America N.A. | Call | JPY | 622.76 | 10/15/14 | 806,500 | (100,651 | ) |
| Charles River Laboratories International, Inc. | UBS AG | Put | USD | 55.17 | 8/25/14 | 150,500 | (279,938 | ) |
| The Hain Celestial Group, Inc. | UBS AG | Put | USD | 91.75 | 8/25/14 | 29,600 | (200,530 | ) |
| Schneider Electric SE | Bank of America N.A. | Put | EUR | 69.46 | 8/26/14 | 66,900 | (563,991 | ) |
| Aramark | Citibank N.A. | Put | USD | 28.15 | 8/28/14 | 76,100 | (150,279 | ) |
| Total | $ (5,532,101 | ) |
Fair Value Measurements Various inputs are used in determining the fair value of investments and derivative financial instruments. These inputs to valuation techniques are categorized into a disclosure hierarchy consisting of three broad levels for financial reporting purposes as follows:
Level 1 unadjusted price quotations in active markets/exchanges for identical assets and liabilities or the Trust has the ability to access
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 derivative financial instruments)
The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the fair value hierarchy classification is determined based on the lowest level input that is significant to the fair value measurement in its entirety.
Changes in valuation techniques may result in transfers into or out of an assigned level within the disclosure hierarchy. In accordance with the Trusts policy, transfers between different levels of the fair value disclosure hierarchy are deemed to have occurred as of the beginning of the reporting period. The categorization of a value determined for investments and derivative financial instruments is based on the pricing transparency of the investment and derivative financial instrument and is not necessarily an indication of the risks associated with investing in those securities. For information about the Trusts policy regarding valuation of investments and derivative financial instruments, please refer to the Trusts most recent financial statements as contained in its semi-annual report.
The following tables summarize the Trusts investments and derivative financial instruments categorized in the disclosure hierarchy as of July 31, 2014:
| Level 1 | Level 2 | Total | ||
|---|---|---|---|---|
| Assets: | ||||
| Investments: | ||||
| Long-Term Investments: | ||||
| Common Stocks: | ||||
| Argentina | $ 4,418,962 | | | $ 4,418,962 |
| Belgium | | $ 16,574,006 | | 16,574,006 |
| Canada | 23,971,551 | | | 23,971,551 |
| China | 10,003,115 | 11,781,290 | | 21,784,405 |
| Denmark | | 13,638,130 | | 13,638,130 |
| France | | 34,837,769 | | 34,837,769 |
| Germany | | 36,561,559 | | 36,561,559 |
| Greece | | 8,229,701 | | 8,229,701 |
| Hong Kong | 4,807,360 | 14,323,010 | | 19,130,370 |
JULY 31, 2014 9
Schedule of Investments (continued) BlackRock Global Opportunities Equity Trust (BOE)
| Level 1 | Level 2 | Total | |||||
|---|---|---|---|---|---|---|---|
| Assets: (concluded) | |||||||
| Investments: (concluded) | |||||||
| Long-Term Investments: (concluded) | |||||||
| Common Stocks: (concluded) | |||||||
| Hong Kong | $ 4,807,360 | $ 14,323,010 | | $ 19,130,370 | |||
| India | 4,271,847 | 9,516,274 | | 13,788,121 | |||
| Indonesia | | 11,197,285 | | 11,197,285 | |||
| Ireland | 16,108,174 | | | 16,108,174 | |||
| Italy | | 11,494,389 | | 11,494,389 | |||
| Japan | | 63,919,174 | | 63,919,174 | |||
| Mexico | 5,697,116 | | | 5,697,116 | |||
| Netherlands | 14,164,773 | | | 14,164,773 | |||
| New Zealand | | 7,177,295 | | 7,177,295 | |||
| Norway | | 3,591,824 | | 3,591,824 | |||
| Panama | 8,778,086 | | | 8,778,086 | |||
| Peru | 6,020,344 | | | 6,020,344 | |||
| South Africa | | 14,253,050 | | 14,253,050 | |||
| South Korea | 7,278,017 | 13,283,975 | | 20,561,992 | |||
| Spain | | 21,122,113 | | 21,122,113 | |||
| Sweden | | 23,609,757 | | 23,609,757 | |||
| Switzerland | | 31,245,047 | | 31,245,047 | |||
| Taiwan | | 2,987,725 | | 2,987,725 | |||
| United Kingdom | 32,969,935 | 38,443,184 | $ | 5,998,404 | 77,411,523 | ||
| United States | 504,162,233 | 7,937,283 | 5,915,849 | 518,015,365 | |||
| Investment Companies | 5,423,316 | | | 5,423,316 | |||
| Preferred Stocks | | | 28,958,753 | 28,958,753 | |||
| Warrants | 247,686 | | | 247,686 | |||
| Short-Term Securities | 48,203,774 | | | 48,203,774 | |||
| Total | $ 696,526,289 | $ 395,723,840 | $ | 40,873,006 | $ 1,133,123,135 | ||
| Level 1 | Level 2 | Level 3 | Total | ||||
| Derivative Financial Instruments 1 | |||||||
| Liabilities: | |||||||
| Equity contracts | $ (2,641,060 | ) | $ (5,975,987 | ) | | $ (8,617,047 | ) |
1 Derivative financial instruments are options written, which are shown at value.
The carrying amount for certain of the Trusts assets approximates fair value for financial reporting purposes. As of July 31, 2014, such assets are categorized within the disclo- sure hierarchy as follows:
| Level 1 | Total | |||
|---|---|---|---|---|
| Assets: | ||||
| Cash | $ 495,657 | | | $ 495,657 |
| Foreign currency at value | 179,696 | | | 179,696 |
| Total | $ 675,353 | | | $ 675,353 |
Certain foreign securities are fair valued utilizing an external pricing service to reflect any significant market movements between the time the Trust values such foreign securities and the earlier closing of foreign markets. Such fair valuations are categorized as Level 2 in the disclosure hierarchy. As of October 31, 2013 the Trust did not utilize the external pricing service model adjustments as significant market movements did not occur. As of July 31, 2014, securities with a value of $53,637,180 were systematically fair valued due to significant market movements. Therefore, these securities were transferred from Level 1 to Level 2 during the period October 31, 2013 to July 31, 2014.
10 JULY 31, 2014
Schedule of Investments (concluded) BlackRock Global Opportunities Equity Trust (BOE)
A reconciliation of Level 3 investments is presented when the Trust had a significant amount of Level 3 investments at the beginning and/or end of the period in relation to net assets. The following table is a reconciliation of Level 3 investments for which significant unobservable inputs were used in determining fair value:
| Common Stocks | Preferred Stocks | Total | ||
|---|---|---|---|---|
| Assets: | ||||
| Opening Balance, as of October 31, 2013 | | | | |
| Transfers into Level 3 | | | | |
| Transfers out of Level 3 | | | | |
| Accrued discounts/premiums | | | | |
| Net realized gain (loss) | | | | |
| Net change in unrealized appreciation/depreciation | $ 58,545 | $ (11,853 | ) | $ 46,692 |
| Purchases | 14,665,862 | 26,160,452 | 40,826,314 | |
| Sales | | | | |
| Closing Balance, as of July 31, 2014 | $ 14,724,407 | $ 26,148,599 | $ 40,873,006 | |
| Net change in unrealized appreciation/depreciation on investments still held at | ||||
| July 31, 2014 | $ 46,692 | | $ 46,692 |
The following table summarizes the valuation techniques used and unobservable inputs utilized by the BlackRock Global Valuation Methodologies Committee (the Global Valuation Committee) to determine the value of certain of the Funds Level 3 investments as of July 31, 2014. The table does not include Level 3 investments with values based upon unadjusted third party pricing information in the amount of $8,821,632. A significant change in such third party pricing information could result in a significantly lower or higher value of such Level 3 investments.
| | Value | Valuation Techniques | Unobservable Inputs | Range
of Unobservable Inputs Utilized |
| --- | --- | --- | --- | --- |
| Assets: | | | | |
| Common Stocks | $ 5,998,404 | Market Comparable Companies | Tangible Book Value Multiple 1 | 1.60x |
| | 625,247 | Market Comparable Companies | Enterprise Value Multiple 1 | 17.50x - 18.0x |
| | 5,290,602 | Market Comparable Companies | Tangible Book Value Multiple 1 | 1.10x - 1.20x |
| | | | P/E Multiple 1 | 8.0x - 9.0x |
| Preferred Stocks | 10,248,438 | Market Comparable Companies | 2016P Revenue Multiple 1 | 5.50x |
| | 2,810,154 | Market Comparable Companies | Enterprise Value Multiple 1 | 17.50x - 18.0x |
| | 7,078,529 | Market Comparable Companies | 2016P Revenue Multiple 1 | 6.50x - 7.50x |
| Total | $ 32,051,374 | | | |
1 Increase in unobservable input may result in a significant increase to value, while a decrease in the unobservable input may result in a significant decrease to value.
JULY 31, 2014 11
| 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 |
2
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: September 25, 2014 |
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: September 25, 2014 | |
| By: | /s/ Neal J. Andrews |
| Neal J. Andrews | |
| Chief Financial Officer (principal financial officer) of | |
| BlackRock Global Opportunities Equity Trust | |
| Date: September 25, 2014 |
3
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