Regulatory Filings • May 22, 2015
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Download Source FileN-Q 1 d901564dnq.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: 12/31/2015
Date of reporting period: 03/31/2015
Item 1 Schedule of Investments
| Schedule of Investments March 31, 2015 (Unaudited) |
|---|
| (Percentages shown are based on Net Assets) |
| Common Stocks | Value | |
|---|---|---|
| Belgium 1.2% | ||
| Anheuser-Busch InBev NV | 102,759 | $ 12,553,543 |
| Canada 1.0% | ||
| Enbridge, Inc. (a) | 123,700 | 5,962,564 |
| MEG Energy Corp. (a)(b) | 284,600 | 4,597,462 |
| 10,560,026 | ||
| China 2.7% | ||
| Alibaba Group Holding ADR (a)(b) | 93,770 | 7,805,415 |
| Baidu, Inc. ADR (a)(b) | 45,400 | 9,461,360 |
| Beijing Enterprises Water Group Ltd. | 10,104,000 | 6,870,768 |
| China Construction Bank Corp., Class H | 6,466,000 | 5,366,697 |
| 29,504,240 | ||
| France 4.2% | ||
| AXA SA | 295,500 | 7,437,464 |
| Schneider Electric SE | 113,800 | 8,855,743 |
| Societe Generale SA | 152,601 | 7,367,856 |
| Unibail-Rodamco SE REIT | 43,000 | 11,611,508 |
| Vivendi SA | 418,850 | 10,399,079 |
| 45,671,650 | ||
| Germany 3.4% | ||
| Daimler AG | 125,400 | 12,042,708 |
| Henkel AG & Co. KGaA | 78,464 | 9,216,450 |
| Infineon Technologies AG | 639,584 | 7,609,057 |
| Telefonica Deutschland Holding AG | 1,359,400 | 7,817,100 |
| 36,685,315 | ||
| Hong Kong 1.4% | ||
| AIA Group Ltd. | 2,373,300 | 14,900,730 |
| India 2.0% | ||
| Bharti Infratel Ltd. | 585,144 | 3,599,807 |
| HDFC Bank Ltd. | 521,072 | 10,020,399 |
| ITC Ltd. | 1,419,900 | 7,393,180 |
| 21,013,386 | ||
| Indonesia 1.1% | ||
| Global Mediacom Tbk PT | 32,923,100 | 4,400,020 |
| Matahari Department Store Tbk PT | 4,651,623 | 6,995,180 |
| 11,395,200 | ||
| Ireland 1.7% | ||
| Green REIT PLC | 4,981,061 | 8,762,194 |
| Shire PLC ADR (a) | 40,200 | 9,619,458 |
| 18,381,652 | ||
| Italy 1.2% | ||
| Banca Generali SpA (a) | 291,290 | 9,133,518 |
| Moncler SpA (a) | 219,800 | 3,684,797 |
| 12,818,315 | ||
| Japan 5.1% | ||
| FANUC Corp. | 38,000 | 8,295,925 |
| Mitsubishi Estate Co. Ltd. | 437,000 | 10,134,890 |
| Nabtesco Corp. | 317,300 | 9,166,552 |
| Common Stocks | Value | |
|---|---|---|
| Japan (concluded) | ||
| Nintendo Co. Ltd. | 25,200 | $ 3,697,467 |
| Shinsei Bank Ltd. | 4,906,000 | 9,754,791 |
| SMC Corp. | 20,700 | 6,163,711 |
| SoftBank Corp. | 135,600 | 7,897,269 |
| 55,110,605 | ||
| Mexico 0.4% | ||
| Cemex SAB de CV ADR (b) | 448,192 | 4,244,378 |
| Netherlands 2.0% | ||
| Koninklijke Philips NV | 173,700 | 4,927,844 |
| Royal Dutch Shell PLC, A Shares ADR (a) | 285,200 | 17,012,180 |
| 21,940,024 | ||
| New Zealand 0.6% | ||
| Xero Ltd. (Acquired 10/15/13, Cost $5,317,368) (b)(c) | 350,000 | 6,280,127 |
| Norway 0.5% | ||
| Statoil ASA | 331,100 | 5,854,315 |
| Peru 0.5% | ||
| Credicorp Ltd. (a) | 40,200 | 5,653,326 |
| South Africa 0.8% | ||
| Naspers Ltd., N Shares | 57,900 | 8,881,340 |
| South Korea 1.7% | ||
| Samsung Electronics Co. Ltd. | 8,100 | 10,503,702 |
| SK Hynix, Inc. | 194,600 | 7,948,754 |
| 18,452,456 | ||
| Spain 1.4% | ||
| NH Hotel Group SA (b) | 1,556,849 | 8,501,028 |
| Sacyr SA (b) | 1,563,542 | 6,560,975 |
| 15,062,003 | ||
| Sweden 0.6% | ||
| Nordea Bank AB | 564,158 | 6,871,714 |
| Switzerland 2.7% | ||
| Novartis AG | 127,300 | 12,564,572 |
| Roche Holding AG | 32,170 | 8,840,062 |
| UBS Group AG | 417,149 | 7,863,933 |
| 29,268,567 | ||
| Taiwan 1.0% | ||
| Hermes Microvision, Inc. | 76,042 | 4,374,850 |
| Largan Precision Co. Ltd. | 69,000 | 5,942,953 |
| 10,317,803 | ||
| United Kingdom 9.1% | ||
| AstraZeneca PLC | 192,500 | 13,208,996 |
| BAE Systems PLC | 732,300 | 5,674,980 |
| BP PLC | 1,149,900 | 7,453,808 |
| Crest Nicholson Holdings PLC | 1,194,302 | 7,520,814 |
| Delphi Automotive PLC (a) | 132,200 | 10,541,628 |
| Diageo PLC | 299,500 | 8,276,447 |
| Portfolio Abbreviations — ADR | American Depositary Receipt | HKD | Hong Kong Dollar | SEK | Swedish Krona |
|---|---|---|---|---|---|
| CAD | Canadian Dollar | JPY | Japanese Yen | TWD | Taiwan Dollar |
| CHF | Swiss Franc | KRW | Korean Won | USD | U.S. Dollar |
| EUR | Euro | NOK | Norwegian Krone | ZAR | South African Rand |
| GBP | British Pound | REIT | Real Estate Investment Trust |
MARCH 31, 2015 1
| Schedule of Investments (continued) |
|---|
| (Percentages shown are based on Net Assets) |
| Common Stocks | Value | |
|---|---|---|
| United Kingdom (concluded) | ||
| Lloyds Banking Group PLC | 5,351,200 | $ 6,202,750 |
| Metro Bank PLC (Acquired 1/16/14, Cost $5,768,771) (b)(c) | 271,008 | 5,334,692 |
| Nomad Holdings Ltd. (b) | 556,597 | 6,261,716 |
| Prudential PLC | 348,100 | 8,638,218 |
| SABMiller PLC | 158,300 | 8,291,999 |
| Vodafone Group PLC ADR (a) | 304,640 | 9,955,635 |
| 97,361,683 | ||
| United States 51.1% | ||
| Abbott Laboratories (a)(d) | 258,500 | 11,976,305 |
| Actavis PLC (a)(b) | 46,600 | 13,869,092 |
| Adobe Systems, Inc. (a)(b) | 97,500 | 7,209,150 |
| Altria Group, Inc. (a) | 236,900 | 11,849,738 |
| Amazon.Com, Inc. (a)(b) | 14,400 | 5,358,240 |
| American Airlines Group, Inc. (a) | 195,500 | 10,318,490 |
| Apple, Inc. (a)(d) | 203,388 | 25,307,569 |
| Applied Materials, Inc. (a) | 256,900 | 5,795,664 |
| Aramark | 302,600 | 9,571,238 |
| Autodesk, Inc. (a)(b) | 140,700 | 8,250,648 |
| BankUnited, Inc. | 394,083 | 12,902,278 |
| Becton Dickinson and Co. (a) | 45,100 | 6,475,909 |
| Best Buy Co., Inc. (a) | 182,480 | 6,895,919 |
| Boston Scientific Corp. (b) | 397,100 | 7,048,525 |
| Bristol-Myers Squibb Co. (a) | 170,600 | 11,003,700 |
| Charles River Laboratories International, Inc. (a)(b) | 138,500 | 10,981,665 |
| Citigroup, Inc. (a)(d) | 398,200 | 20,515,264 |
| Comcast Corp., Class A (a)(d) | 217,900 | 12,304,813 |
| Concho Resources, Inc. (a)(b) | 62,900 | 7,291,368 |
| Crown Holdings, Inc. (a)(b) | 185,200 | 10,004,504 |
| Discover Financial Services (a) | 179,500 | 10,114,825 |
| Eastman Chemical Co. | 103,000 | 7,133,780 |
| Eli Lilly & Co. (a) | 93,700 | 6,807,305 |
| EOG Resources, Inc. (a) | 84,500 | 7,747,805 |
| Facebook, Inc., Class A (a)(b) | 137,860 | 11,334,160 |
| Finisar Corp. (a)(b) | 251,300 | 5,362,742 |
| Google, Inc., Class A (a)(b)(d) | 23,139 | 12,835,203 |
| Google, Inc., Class C (a)(b) | 23,439 | 12,844,572 |
| The Hain Celestial Group, Inc. (a)(b) | 227,582 | 14,576,627 |
| The Hartford Financial Services Group, Inc. (a) | 375,100 | 15,686,682 |
| Hortonworks, Inc. (b) | 83,025 | 1,979,316 |
| Hortonworks, Inc. (Acquired 3/21/14, Cost $10,245,987) (b)(c) | 420,362 | 9,520,359 |
| Inovalon Holdings, Inc., Class A (b) | 161,300 | 4,872,873 |
| JDS Uniphase Corp. (a)(b) | 401,600 | 5,268,992 |
| Kennedy-Wilson Holdings, Inc. | 452,749 | 11,834,859 |
| Kinder Morgan, Inc. (a) | 273,700 | 11,511,822 |
| Las Vegas Sands Corp. (a) | 76,400 | 4,205,056 |
| LendingClub Corp. (a)(b) | 121,500 | 2,387,475 |
| LendingClub Corp. (Acquired 12/11/14, Cost $3,435,401) (c) | 337,756 | 6,305,060 |
| Lowes Cos., Inc. (a) | 144,000 | 10,712,160 |
| Macquarie Infrastructure Co. LLC (a) | 84,000 | 6,912,360 |
| MasterCard, Inc., Class A (a)(d) | 121,600 | 10,505,024 |
| Medtronic PLC (a) | 88,285 | 6,885,347 |
| Merck & Co., Inc. (a) | 170,400 | 9,794,592 |
| Mondelez International, Inc., Class A (a) | 344,700 | 12,440,223 |
| Common Stocks | Value | |
|---|---|---|
| United States (concluded) | ||
| New Relic Inc. (Acquired 4/15/14, Cost $7,078,515) (b)(c) | 249,772 | $ 8,233,734 |
| New Relic, Inc. (b) | 48,000 | 1,665,600 |
| Platform Specialty Products Corp. (b) | 438,533 | 11,252,757 |
| Public Service Enterprise Group, Inc. | 204,100 | 8,555,872 |
| Ralph Lauren Corp. (a) | 35,000 | 4,602,500 |
| Roper Industries, Inc. (a) | 85,400 | 14,688,800 |
| Samsonite International SA | 2,233,700 | 7,772,612 |
| Sensata Technologies Holding NV (a)(b) | 77,400 | 4,446,630 |
| St. Jude Medical, Inc. | 85,600 | 5,598,240 |
| Strategic Growth Bancorp. (Acquired 3/10/14, Cost $5,461,691) (b)(c) | 438,690 | 4,641,340 |
| U.S. Silica Holdings, Inc. (a)(e) | 133,200 | 4,743,252 |
| United Parcel Service, Class B | 89,400 | 8,666,436 |
| United Rentals, Inc. (a)(b) | 44,549 | 4,061,087 |
| UnitedHealth Group, Inc. (a) | 58,900 | 6,967,281 |
| Valeant Pharmaceuticals International, Inc. (a)(b) | 52,900 | 10,506,998 |
| WisdomTree Investments, Inc. (a) | 418,700 | 8,985,302 |
| 549,897,739 | ||
| Total Common Stocks 97.4% | 1,048,680,137 | |
| Investment Companies | ||
| United Kingdom 0.5% | ||
| Kennedy Wilson Europe Real Estate PLC | 302,475 | 4,931,097 |
| Preferred Stocks | ||
| India 0.4% | ||
| Snapdeal.com, Series F (Acquired 5/7/14, Cost $1,888,464), 0.00% (b)(c) | 266 | 3,178,864 |
| Snapdeal.com, Series G (Acquired 10/29/14, Cost $741,913), 0.00% (b)(c) | 88 | 1,051,654 |
| 4,230,518 | ||
| United States 1.2% | ||
| Palantir Technologies, Inc., Series I (Acquired 2/7/14, Cost $3,118,944), 0.00% (b)(c) | 508,800 | 4,523,232 |
| Uber Technologies, Inc., Series D (Acquired 6/6/14, Cost $3,845,800), 0.00% (b)(c) | 247,908 | 8,421,485 |
| 12,944,717 | ||
| Total Preferred Stocks 1.6% | 17,175,235 | |
| Warrants (f) | ||
| United Kingdom 0.0% | ||
| Nomad Holdings Ltd., Expires 4/18/17 | 556,597 | 225,422 |
| Total Long Term Investments (Cost $916,470,914) 99.5% | 1,071,011,891 |
2 MARCH 31, 2015
| Schedule of Investments (continued) |
|---|
| (Percentages shown are based on Net Assets) |
| Short-Term Securities | Shares | Value |
|---|---|---|
| BlackRock Liquidity Funds, TempFund, Institutional Class, 0.06% (g)(h) | 15,028,394 | $ 15,028,394 |
| Beneficial Interest (000) | ||
| BlackRock Liquidity Series, LLC Money Market Series, 0.22% (g)(h)(i) | $ 1,910 | 1,910,052 |
| Total Short-Term Securities (Cost $16,938,446) 1.6% | 16,938,446 | |
| Total Investments Before Options | ||
| Written (Cost $933,409,360*) 101.1% | 1,087,950,337 |
| Options Written | Value | |
|---|---|---|
| (Premiums Received $11,693,388) (1.1)% | $ (12,022,334 | ) |
| Total Investments Net of Options Written 100.0% | 1,075,928,003 | |
| Other Assets Less Liabilities 0.0% | 409,300 | |
| Net Assets 100.0% | $ 1,076,337,303 |
Notes to Schedule of Investments
| Tax cost | $ | |
|---|---|---|
| Gross unrealized appreciation | $ 176,889,283 | |
| Gross unrealized depreciation | (30,060,580 | ) |
| Net unrealized appreciation | $ 146,828,703 |
(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 March 31, 2015 the Trust held 5.3% of its net assets, with current market value of $57,490,547 and original cost of $46,902,854, in these securities.
(d) All or a portion of security has been pledged as collateral in connection with outstanding OTC derivatives.
(e) Security, or a portion of security, is on loan.
(f) 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 subject to adjustment under certain conditions until the expiration date of the warrants, if any.
(g) Represents the current yield as of report date.
(h) During the period ended March 31, 2015, investments in issuers considered to be an affiliate of the Trust for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:
| Affiliate | Shares/ Beneficial Interest Held at December 31, 2014 | Net Activity | Shares/ Beneficial Interest Held at March 31, 2015 | Income |
|---|---|---|---|---|
| BlackRock Liquidity Funds, TempFund, Institutional Class | 5,932,752 | 9,095,642 | 15,028,394 | $ 1,928 |
| BlackRock Liquidity Series, LLC Money Market Series | $ 1,401,820 | $ 508,232 | $ 1,910,052 | $ 11,183 |
(i) Security was purchased with the cash collateral from loaned securities. The Trust may withdraw up to 25% of its investment daily, although the manager of the BlackRock Liquidity Series, LLC Money Market Series, in its sole discretion, may permit an investor to withdraw more than 25% on any one day.
As of March 31, 2015, exchange-traded options written were as follows:
| Description — Alibaba Group Holding ADR | Call | USD | 88.00 | 4/02/15 | 237 | Market Value — $ (474 | ) |
|---|---|---|---|---|---|---|---|
| Baidu, Inc. ADR | Call | USD | 212.50 | 4/02/15 | 110 | (3,245 | ) |
| Citigroup, Inc. | Call | USD | 53.00 | 4/02/15 | 405 | (608 | ) |
| EOG Resources, Inc. | Call | USD | 95.00 | 4/02/15 | 214 | (1,498 | ) |
| Kinder Morgan, Inc. | Call | USD | 42.00 | 4/02/15 | 570 | (13,395 | ) |
| Medtronic PLC | Call | USD | 78.00 | 4/02/15 | 236 | (10,148 | ) |
| Merck & Co., Inc. | Call | USD | 59.50 | 4/02/15 | 647 | (1,941 | ) |
| Actavis PLC | Call | USD | 290.00 | 4/06/15 | 282 | (242,520 | ) |
| Facebook, Inc., Class A | Call | USD | 78.00 | 4/06/15 | 99 | (42,570 | ) |
| Alibaba Group Holding ADR | Call | USD | 88.00 | 4/10/15 | 237 | (2,607 | ) |
| Altria Group, Inc. | Call | USD | 55.50 | 4/10/15 | 348 | (3,480 | ) |
| American Airlines Group, Inc. | Call | USD | 53.00 | 4/10/15 | 540 | (60,210 | ) |
| Apple, Inc. | Call | USD | 127.00 | 4/10/15 | 188 | (16,732 | ) |
MARCH 31, 2015 3
Schedule of Investments (continued) BlackRock Global Opportunities Equity Trust (BOE)
As of March 31, 2015, exchange-traded options written were as follows: (continued)
| Description — Apple, Inc. | Call | USD | 133.00 | 4/10/15 | 368 | Market Value — $ (3,128 | ) |
|---|---|---|---|---|---|---|---|
| Applied Materials, Inc. | Call | USD | 25.00 | 4/10/15 | 415 | (4,980 | ) |
| Comcast Corp., Class A | Call | USD | 59.50 | 4/10/15 | 554 | (21,052 | ) |
| Discover Financial Services | Call | USD | 59.50 | 4/10/15 | 227 | (3,405 | ) |
| Discover Financial Services | Call | USD | 60.50 | 4/10/15 | 228 | (3,420 | ) |
| EOG Resources, Inc. | Call | USD | 92.50 | 4/10/15 | 159 | (17,331 | ) |
| Facebook, Inc., Class A | Call | USD | 82.50 | 4/10/15 | 224 | (23,184 | ) |
| Google, Inc., Class A | Call | USD | 585.00 | 4/10/15 | 23 | (632 | ) |
| The Hartford Financial Services Group, Inc. | Call | USD | 41.50 | 4/10/15 | 1,333 | (91,977 | ) |
| Medtronic PLC | Call | USD | 79.00 | 4/10/15 | 211 | (9,390 | ) |
| United Rentals, Inc. | Call | USD | 93.50 | 4/10/15 | 107 | (6,688 | ) |
| Abbott Laboratories | Call | USD | 48.00 | 4/17/15 | 245 | (2,695 | ) |
| Altria Group, Inc. | Call | USD | 52.50 | 4/17/15 | 385 | (4,428 | ) |
| Apple, Inc. | Call | USD | 120.00 | 4/17/15 | 188 | (103,870 | ) |
| Applied Materials, Inc. | Call | USD | 26.00 | 4/17/15 | 455 | (3,640 | ) |
| Autodesk, Inc. | Call | USD | 62.50 | 4/17/15 | 643 | (16,397 | ) |
| Banca Generali SpA | Call | EUR | 27.00 | 4/17/15 | 710 | (171,450 | ) |
| Banca Generali SpA | Call | EUR | 28.00 | 4/17/15 | 100 | (13,869 | ) |
| Becton Dickinson and Co. | Call | USD | 150.00 | 4/17/15 | 228 | (6,840 | ) |
| Citigroup, Inc. | Call | USD | 52.50 | 4/17/15 | 745 | (46,190 | ) |
| Citigroup, Inc. | Call | USD | 55.00 | 4/17/15 | 698 | (6,980 | ) |
| Concho Resources, Inc. | Call | USD | 124.50 | 4/17/15 | 182 | (12,183 | ) |
| Credicorp Ltd. | Call | USD | 140.00 | 4/17/15 | 102 | (27,795 | ) |
| Crown Holdings, Inc. | Call | USD | 55.00 | 4/17/15 | 169 | (13,520 | ) |
| Delphi Automotive PLC | Call | USD | 78.05 | 4/17/15 | 670 | (176,920 | ) |
| Discover Financial Services | Call | USD | 60.00 | 4/17/15 | 341 | (5,115 | ) |
| Eli Lilly & Co. | Call | USD | 77.50 | 4/17/15 | 355 | (3,195 | ) |
| Finisar Corp. | Call | USD | 23.00 | 4/17/15 | 220 | (3,850 | ) |
| Google, Inc., Class A | Call | USD | 570.00 | 4/17/15 | 47 | (30,080 | ) |
| Google, Inc., Class C | Call | USD | 545.00 | 4/17/15 | 67 | (96,145 | ) |
| The Hain Celestial Group, Inc. | Call | USD | 65.00 | 4/17/15 | 490 | (42,875 | ) |
| JDS Uniphase Corp. | Call | USD | 14.00 | 4/17/15 | 358 | (2,685 | ) |
| Kinder Morgan, Inc. | Call | USD | 42.50 | 4/17/15 | 405 | (16,200 | ) |
| Las Vegas Sands Corp. | Call | USD | 57.50 | 4/17/15 | 94 | (5,311 | ) |
| LendingClub Corp. | Call | USD | 21.00 | 4/17/15 | 100 | (3,250 | ) |
| LendingClub Corp. | Call | USD | 29.00 | 4/17/15 | 203 | (2,030 | ) |
| Macquarie Infrastructure Co. LLC | Call | USD | 80.00 | 4/17/15 | 210 | (54,600 | ) |
| Macquarie Infrastructure Co. LLC | Call | USD | 85.00 | 4/17/15 | 210 | (5,775 | ) |
| MasterCard, Inc., Class A | Call | USD | 90.00 | 4/17/15 | 203 | (5,988 | ) |
| MEG Energy Corp. | Call | CAD | 28.00 | 4/17/15 | 300 | (1,421 | ) |
| Merck & Co., Inc. | Call | USD | 60.00 | 4/17/15 | 80 | (1,080 | ) |
| Moncler SpA | Call | EUR | 15.50 | 4/17/15 | 111 | (19,521 | ) |
| Mondelez International, Inc., Class A | Call | USD | 35.00 | 4/17/15 | 862 | (118,094 | ) |
| Mondelez International, Inc., Class A | Call | USD | 36.00 | 4/17/15 | 862 | (64,219 | ) |
| Ralph Lauren Corp. | Call | USD | 135.00 | 4/17/15 | 175 | (13,125 | ) |
| Roper Industries, Inc. | Call | USD | 168.00 | 4/17/15 | 190 | (89,702 | ) |
| Royal Dutch Shell PLC, A Shares ADR | Call | USD | 62.50 | 4/17/15 | 550 | (13,750 | ) |
| Royal Dutch Shell PLC, A Shares ADR | Call | USD | 67.50 | 4/17/15 | 400 | (6,000 | ) |
| Sensata Technologies Holding NV | Call | USD | 55.00 | 4/17/15 | 387 | (101,588 | ) |
| Shire PLC ADR | Call | USD | 250.00 | 4/17/15 | 220 | (70,400 | ) |
| U.S. Silica Holdings, Inc. | Call | USD | 33.00 | 4/17/15 | 666 | (209,790 | ) |
| United Rentals, Inc. | Call | USD | 94.00 | 4/17/15 | 115 | (13,512 | ) |
| Valeant Pharmaceuticals International, Inc. | Call | USD | 200.00 | 4/17/15 | 134 | (62,310 | ) |
| Vodafone Group PLC ADR | Call | USD | 34.00 | 4/17/15 | 375 | (6,938 | ) |
| WisdomTree Investments, Inc. | Call | USD | 19.01 | 4/17/15 | 340 | (85,477 | ) |
| Adobe Systems, Inc. | Call | USD | 77.85 | 4/23/15 | 244 | (6,179 | ) |
| Altria Group, Inc. | Call | USD | 52.00 | 4/24/15 | 333 | (10,823 | ) |
| American Airlines Group, Inc. | Call | USD | 52.50 | 4/24/15 | 438 | (102,492 | ) |
| Comcast Corp., Class A | Call | USD | 60.00 | 4/24/15 | 742 | (22,631 | ) |
| Eli Lilly & Co. | Call | USD | 77.00 | 4/24/15 | 113 | (2,938 | ) |
| Merck & Co., Inc. | Call | USD | 58.50 | 4/24/15 | 125 | (7,312 | ) |
| Valeant Pharmaceuticals International, Inc. | Call | USD | 202.50 | 4/24/15 | 134 | (73,030 | ) |
| Crown Holdings, Inc. | Call | USD | 52.55 | 4/27/15 | 335 | (72,346 | ) |
4 MARCH 31, 2015
Schedule of Investments (continued) BlackRock Global Opportunities Equity Trust (BOE)
As of March 31, 2015, exchange-traded options written were as follows: (concluded)
| Description — Lowes Cos., Inc. | Call | USD | 72.30 | 4/27/15 | 365 | Market Value — $ (102,327 | ) |
|---|---|---|---|---|---|---|---|
| Altria Group, Inc. | Call | USD | 52.00 | 5/01/15 | 334 | (13,694 | ) |
| Amazon.Com, Inc. | Call | USD | 375.00 | 5/01/15 | 36 | (55,350 | ) |
| Apple, Inc. | Call | USD | 133.00 | 5/01/15 | 273 | (45,591 | ) |
| Baidu, Inc. ADR | Call | USD | 220.00 | 5/01/15 | 117 | (42,412 | ) |
| Bristol-Myers Squibb Co. | Call | USD | 69.50 | 5/01/15 | 145 | (5,582 | ) |
| Citigroup, Inc. | Call | USD | 54.00 | 5/01/15 | 143 | (5,934 | ) |
| EOG Resources, Inc. | Call | USD | 95.00 | 5/01/15 | 50 | (7,200 | ) |
| Google, Inc., Class C | Call | USD | 557.50 | 5/01/15 | 52 | (59,800 | ) |
| The Hartford Financial Services Group, Inc. | Call | USD | 43.50 | 5/01/15 | 543 | (18,191 | ) |
| Kinder Morgan, Inc. | Call | USD | 42.00 | 5/01/15 | 400 | (30,800 | ) |
| MasterCard, Inc., Class A | Call | USD | 90.00 | 5/01/15 | 405 | (40,298 | ) |
| Vodafone Group PLC ADR | Call | USD | 34.50 | 5/01/15 | 375 | (7,875 | ) |
| Applied Materials, Inc. | Call | USD | 23.50 | 5/08/15 | 415 | (32,163 | ) |
| Bristol-Myers Squibb Co. | Call | USD | 66.00 | 5/08/15 | 358 | (40,454 | ) |
| Facebook, Inc., Class A | Call | USD | 83.50 | 5/08/15 | 105 | (30,555 | ) |
| Lowes Cos., Inc. | Call | USD | 72.30 | 5/12/15 | 365 | (116,275 | ) |
| Abbott Laboratories | Call | USD | 47.60 | 5/15/15 | 1,048 | (62,034 | ) |
| Adobe Systems, Inc. | Call | USD | 77.85 | 5/15/15 | 244 | (15,407 | ) |
| Amazon.Com, Inc. | Call | USD | 375.00 | 5/15/15 | 36 | (60,390 | ) |
| Banca Generali SpA | Call | EUR | 29.00 | 5/15/15 | 100 | (9,382 | ) |
| Best Buy Co., Inc. | Call | USD | 41.49 | 5/15/15 | 460 | (12,880 | ) |
| Bristol-Myers Squibb Co. | Call | USD | 65.00 | 5/15/15 | 360 | (62,640 | ) |
| Charles River Laboratories International, Inc. | Call | USD | 80.00 | 5/15/15 | 400 | (83,000 | ) |
| Concho Resources, Inc. | Call | USD | 115.00 | 5/15/15 | 132 | (91,080 | ) |
| Enbridge, Inc. | Call | CAD | 62.00 | 5/15/15 | 310 | (37,204 | ) |
| Enbridge, Inc. | Call | CAD | 64.00 | 5/15/15 | 309 | (18,908 | ) |
| Facebook, Inc., Class A | Call | USD | 85.00 | 5/15/15 | 255 | (62,858 | ) |
| Google, Inc., Class A | Call | USD | 570.00 | 5/15/15 | 47 | (54,755 | ) |
| Las Vegas Sands Corp. | Call | USD | 60.00 | 5/15/15 | 94 | (6,815 | ) |
| LendingClub Corp. | Call | USD | 24.00 | 5/15/15 | 202 | (5,555 | ) |
| MEG Energy Corp. | Call | CAD | 24.00 | 5/15/15 | 280 | (14,259 | ) |
| Moncler SpA | Call | EUR | 16.00 | 5/15/15 | 111 | (22,317 | ) |
| Roper Industries, Inc. | Call | USD | 175.00 | 5/15/15 | 241 | (80,735 | ) |
| UnitedHealth Group, Inc. | Call | USD | 121.00 | 6/01/15 | 300 | (95,939 | ) |
| Las Vegas Sands Corp. | Call | USD | 60.00 | 6/19/15 | 94 | (11,045 | ) |
| Total | $ (4,104,873 | ) |
As of March 31, 2015, over-the-counter options written were as follows:
| Description — Kennedy-Wilson Holdings, Inc. | Counterparty — Morgan Stanley & Co. International PLC | Call | Strike Price — USD | 28.07 | Expiration Date — 4/02/15 | 48,000 | Market Value — $ | |
|---|---|---|---|---|---|---|---|---|
| The Hain Celestial Group, Inc. | Morgan Stanley & Co. International PLC | Call | USD | 59.28 | 4/06/15 | 66,100 | (315,582 | ) |
| JDS Uniphase Corp. | Citibank N.A. | Call | USD | 13.78 | 4/06/15 | 165,000 | (3,041 | ) |
| Platform Specialty Products Corp. | Citibank N.A. | Call | USD | 26.84 | 4/06/15 | 26,000 | (2,649 | ) |
| Crown Holdings, Inc. | Deutsche Bank AG | Call | USD | 51.87 | 4/07/15 | 42,200 | (92,772 | ) |
| Kennedy-Wilson Holdings, Inc. | Morgan Stanley & Co. International PLC | Call | USD | 28.11 | 4/07/15 | 24,200 | (138 | ) |
| Platform Specialty Products Corp. | Goldman Sachs International | Call | USD | 26.30 | 4/07/15 | 60,000 | (15,115 | ) |
| Public Service Enterprise Group, Inc. | Credit Suisse International | Call | USD | 40.84 | 4/07/15 | 20,600 | (25,285 | ) |
| Henkel AG & Co. KGaA | JPMorgan Chase Bank N.A. | Call | EUR | 104.42 | 4/08/15 | 24,600 | (133,173 | ) |
| Henkel AG & Co. KGaA | Morgan Stanley & Co. International PLC | Call | EUR | 107.40 | 4/08/15 | 14,700 | (40,019 | ) |
| Hortonworks, Inc. | Goldman Sachs International | Call | USD | 24.94 | 4/08/15 | 21,000 | (8,357 | ) |
| Largan Precision Co. Ltd. | Citibank N.A. | Call | TWD | 2,760.49 | 4/08/15 | 35,000 | (29,650 | ) |
| Mitsubishi Estate Co. Ltd. | Goldman Sachs International | Call | JPY | 2,809.01 | 4/08/15 | 122,000 | (47,177 | ) |
| Naspers Ltd., N Shares | Bank of America N.A. | Call | ZAR | 1,726.74 | 4/08/15 | 29,300 | (370,037 | ) |
| Prudential PLC | Deutsche Bank AG | Call | GBP | 16.37 | 4/08/15 | 97,000 | (54,535 | ) |
| SMC Corp. | JPMorgan Chase Bank N.A. | Call | JPY | 33,516.85 | 4/08/15 | 10,500 | (197,564 | ) |
| SoftBank Corp. | Goldman Sachs International | Call | JPY | 7,193.45 | 4/08/15 | 37,000 | (11,110 | ) |
| Telefonica Deutschland Holding AG | Bank of America N.A. | Call | EUR | 4.97 | 4/08/15 | 252,800 | (102,558 | ) |
| Anheuser-Busch InBev NV | Bank of America N.A. | Call | EUR | 113.98 | 4/09/15 | 35,400 | (53,842 | ) |
MARCH 31, 2015 5
Schedule of Investments (continued) BlackRock Global Opportunities Equity Trust (BOE)
As of March 31, 2015, over-the-counter options written were as follows: (continued)
| Description — Anheuser-Busch InBev NV | Counterparty — Goldman Sachs International | Call | Strike Price — EUR | 109.94 | Expiration Date — 4/09/15 | 39,000 | Market Value — $ (174,559 | ) |
|---|---|---|---|---|---|---|---|---|
| BankUnited, Inc. | Deutsche Bank AG | Call | USD | 33.55 | 4/09/15 | 65,000 | (4,468 | ) |
| Crest Nicholson Holdings PLC | Morgan Stanley & Co. International PLC | Call | GBP | 4.50 | 4/09/15 | 27,500 | (515 | ) |
| Infineon Technologies AG | Goldman Sachs International | Call | EUR | 9.65 | 4/09/15 | 324,000 | (496,036 | ) |
| NH Hotel Group SA | Bank of America N.A. | Call | EUR | 4.46 | 4/09/15 | 75,000 | (49,932 | ) |
| Royal Dutch Shell PLC, A Shares ADR | Deutsche Bank AG | Call | USD | 67.48 | 4/09/15 | 92,000 | (1 | ) |
| WisdomTree Investments, Inc. | Deutsche Bank AG | Call | USD | 17.65 | 4/09/15 | 100,000 | (381,090 | ) |
| Aramark | Deutsche Bank AG | Call | USD | 32.76 | 4/10/15 | 52,100 | (6,573 | ) |
| Finisar Corp. | Goldman Sachs International | Call | USD | 21.81 | 4/10/15 | 52,000 | (16,582 | ) |
| Platform Specialty Products Corp. | Citibank N.A. | Call | USD | 27.10 | 4/13/15 | 26,000 | (5,333 | ) |
| AstraZeneca PLC | UBS AG | Call | GBP | 45.15 | 4/14/15 | 67,400 | (136,930 | ) |
| Hortonworks, Inc. | UBS AG | Call | USD | 23.42 | 4/14/15 | 21,000 | (27,172 | ) |
| Lloyds Banking Group PLC | Goldman Sachs International | Call | GBP | 0.76 | 4/14/15 | 450,000 | (17,437 | ) |
| New Relic, Inc. | Credit Suisse International | Call | USD | 36.98 | 4/14/15 | 24,400 | (12,530 | ) |
| NH Hotel Group SA | Goldman Sachs International | Call | EUR | 4.62 | 4/14/15 | 76,000 | (39,115 | ) |
| Roche Holding AG | Bank of America N.A. | Call | CHF | 262.94 | 4/14/15 | 7,300 | (48,086 | ) |
| Statoil ASA | Bank of America N.A. | Call | NOK | 145.42 | 4/14/15 | 93,000 | (37,555 | ) |
| Beijing Enterprises Water Group Ltd. | Goldman Sachs International | Call | HKD | 5.35 | 4/15/15 | 1,862,000 | (14,351 | ) |
| Hermes Microvision, Inc. | Citibank N.A. | Call | TWD | 1,674.75 | 4/15/15 | 20,000 | (88,714 | ) |
| Nabtesco Corp. | Morgan Stanley & Co. International PLC | Call | JPY | 3,237.05 | 4/15/15 | 63,900 | (123,447 | ) |
| Platform Specialty Products Corp. | Citibank N.A. | Call | USD | 21.81 | 4/15/15 | 60,000 | (236,279 | ) |
| Prudential PLC | Bank of America N.A. | Call | GBP | 16.38 | 4/15/15 | 79,100 | (52,183 | ) |
| Samsonite International SA | Goldman Sachs International | Call | HKD | 26.31 | 4/15/15 | 457,500 | (60,435 | ) |
| Samsung Electronics Co. Ltd. | UBS AG | Call | KRW | 1,432,180.00 | 4/15/15 | 3,500 | (105,954 | ) |
| UBS Group AG | UBS AG | Call | CHF | 17.00 | 4/15/15 | 211,000 | (282,191 | ) |
| BankUnited, Inc. | Deutsche Bank AG | Call | USD | 33.78 | 4/16/15 | 66,000 | (6,461 | ) |
| Crest Nicholson Holdings PLC | Morgan Stanley & Co. International PLC | Call | GBP | 4.50 | 4/16/15 | 27,500 | (1,241 | ) |
| Inovalon Holdings, Inc., Class A | Morgan Stanley & Co. International PLC | Call | USD | 31.31 | 4/16/15 | 27,000 | (22,854 | ) |
| Kennedy-Wilson Holdings, Inc. | Goldman Sachs International | Call | USD | 27.37 | 4/16/15 | 25,400 | (3,552 | ) |
| Vivendi SA | Bank of America N.A. | Call | EUR | 22.27 | 4/20/15 | 205,600 | (215,038 | ) |
| Finisar Corp. | Goldman Sachs International | Call | USD | 21.81 | 4/22/15 | 52,000 | (29,111 | ) |
| Inovalon Holdings, Inc., Class A | Goldman Sachs International | Call | USD | 28.53 | 4/22/15 | 26,600 | (65,979 | ) |
| Lloyds Banking Group PLC | Morgan Stanley & Co. International PLC | Call | GBP | 0.80 | 4/22/15 | 757,500 | (3,030 | ) |
| Samsung Electronics Co. Ltd. | Goldman Sachs International | Call | KRW | 1,488,740.00 | 4/22/15 | 600 | (9,028 | ) |
| SK Hynix, Inc. | Citibank N.A. | Call | KRW | 44,454.25 | 4/22/15 | 97,300 | (171,388 | ) |
| AIA Group Ltd. | Citibank N.A. | Call | HKD | 48.04 | 4/23/15 | 335,000 | (55,985 | ) |
| China Construction Bank Corp., Class H | Citibank N.A. | Call | HKD | 6.28 | 4/23/15 | 1,597,000 | (45,249 | ) |
| Nabtesco Corp. | Morgan Stanley & Co. International PLC | Call | JPY | 3,348.15 | 4/23/15 | 34,800 | (43,682 | ) |
| Novartis AG | UBS AG | Call | CHF | 97.72 | 4/23/15 | 55,300 | (48,034 | ) |
| Sacyr SA | Deutsche Bank AG | Call | EUR | 4.13 | 4/23/15 | 396,000 | (14,166 | ) |
| Shinsei Bank Ltd. | UBS AG | Call | JPY | 249.90 | 4/23/15 | 993,000 | (25,249 | ) |
| SoftBank Corp. | Morgan Stanley & Co. International PLC | Call | JPY | 6,987.18 | 4/23/15 | 30,800 | (45,530 | ) |
| Koninklijke Philips NV | Deutsche Bank AG | Call | EUR | 26.49 | 4/27/15 | 40,000 | (23,354 | ) |
| Public Service Enterprise Group, Inc. | Credit Suisse International | Call | USD | 43.16 | 4/27/15 | 20,600 | (11,060 | ) |
| AstraZeneca PLC | Goldman Sachs International | Call | GBP | 47.78 | 4/28/15 | 28,900 | (16,424 | ) |
| Nordea Bank AB | Goldman Sachs International | Call | SEK | 117.71 | 4/28/15 | 165,000 | (1,954 | ) |
| Unibail-Rodamco SE REIT | Goldman Sachs International | Call | EUR | 260.85 | 4/28/15 | 15,000 | (39,699 | ) |
| Inovalon Holdings, Inc., Class A | Morgan Stanley & Co. International PLC | Call | USD | 31.92 | 4/29/15 | 27,000 | (28,822 | ) |
| NH Hotel Group SA | Goldman Sachs International | Call | EUR | 4.79 | 4/29/15 | 100,000 | (41,696 | ) |
| Platform Specialty Products Corp. | UBS AG | Call | USD | 27.43 | 4/29/15 | 47,000 | (18,690 | ) |
| Daimler AG | Morgan Stanley & Co. International PLC | Call | EUR | 89.59 | 4/30/15 | 31,300 | (42,374 | ) |
| Kennedy-Wilson Holdings, Inc. | Deutsche Bank AG | Call | USD | 26.58 | 4/30/15 | 31,000 | (16,526 | ) |
| Koninklijke Philips NV | Deutsche Bank AG | Call | EUR | 27.70 | 4/30/15 | 46,000 | (11,456 | ) |
| NH Hotel Group SA | Morgan Stanley & Co. International PLC | Call | EUR | 4.77 | 4/30/15 | 180,000 | (78,886 | ) |
| Public Service Enterprise Group, Inc. | Deutsche Bank AG | Call | USD | 42.18 | 4/30/15 | 50,900 | (54,121 | ) |
| Statoil ASA | Morgan Stanley & Co. International PLC | Call | NOK | 144.83 | 4/30/15 | 39,000 | (26,158 | ) |
| Unibail-Rodamco SE REIT | Deutsche Bank AG | Call | EUR | 257.00 | 4/30/15 | 6,800 | (27,672 | ) |
| AIA Group Ltd. | Morgan Stanley & Co. International PLC | Call | HKD | 47.81 | 5/04/15 | 460,200 | (102,894 | ) |
6 MARCH 31, 2015
Schedule of Investments (continued) BlackRock Global Opportunities Equity Trust (BOE)
As of March 31, 2015, over-the-counter options written were as follows: (continued)
| Description — Charles River Laboratories International, Inc. | Counterparty — Morgan Stanley & Co. International PLC | Call | Strike Price — USD | 76.80 | Expiration Date — 5/04/15 | 31,500 | Market Value — $ (122,812 | ) |
|---|---|---|---|---|---|---|---|---|
| Boston Scientific Corp. | Citibank N.A. | Call | USD | 18.26 | 5/05/15 | 154,000 | (60,470 | ) |
| Boston Scientific Corp. | Goldman Sachs International | Call | USD | 18.17 | 5/05/15 | 44,000 | (18,756 | ) |
| Nordea Bank AB | JPMorgan Chase Bank N.A. | Call | SEK | 110.55 | 5/05/15 | 118,000 | (10,137 | ) |
| Schneider Electric SE | Morgan Stanley & Co. International PLC | Call | EUR | 70.53 | 5/05/15 | 56,500 | (139,248 | ) |
| St. Jude Medical, Inc. | Citibank N.A. | Call | USD | 66.67 | 5/05/15 | 42,800 | (62,019 | ) |
| Vodafone Group PLC ADR | UBS AG | Call | USD | 35.91 | 5/05/15 | 39,300 | (3,085 | ) |
| AXA SA | Morgan Stanley & Co. International PLC | Call | EUR | 23.56 | 5/06/15 | 73,900 | (47,043 | ) |
| BAE Systems PLC | Deutsche Bank AG | Call | GBP | 5.29 | 5/06/15 | 365,000 | (25,513 | ) |
| Beijing Enterprises Water Group Ltd. | Morgan Stanley & Co. International PLC | Call | HKD | 4.94 | 5/06/15 | 900,000 | (41,901 | ) |
| BP PLC | Bank of America N.A. | Call | GBP | 4.51 | 5/06/15 | 574,900 | (57,812 | ) |
| Crest Nicholson Holdings PLC | Goldman Sachs International | Call | GBP | 4.19 | 5/06/15 | 85,000 | (23,824 | ) |
| Diageo PLC | Goldman Sachs International | Call | GBP | 19.40 | 5/06/15 | 150,000 | (40,763 | ) |
| Hermes Microvision, Inc. | Citibank N.A. | Call | TWD | 1,890.05 | 5/06/15 | 18,000 | (25,164 | ) |
| Kennedy Wilson Europe Real Estate PLC | Morgan Stanley & Co. International PLC | Call | GBP | 11.10 | 5/06/15 | 12,500 | (1,793 | ) |
| NH Hotel Group SA | Bank of America N.A. | Call | EUR | 4.71 | 5/06/15 | 82,400 | (41,775 | ) |
| Novartis AG | UBS AG | Call | CHF | 99.23 | 5/06/15 | 8,400 | (7,053 | ) |
| Public Service Enterprise Group, Inc. | Goldman Sachs International | Call | USD | 42.04 | 5/06/15 | 10,000 | (12,985 | ) |
| Roche Holding AG | UBS AG | Call | CHF | 263.07 | 5/06/15 | 8,800 | (74,508 | ) |
| Samsonite International SA | UBS AG | Call | HKD | 26.05 | 5/06/15 | 96,500 | (18,879 | ) |
| Telefonica Deutschland Holding AG | Goldman Sachs International | Call | EUR | 5.23 | 5/06/15 | 171,900 | (44,056 | ) |
| Societe Generale SA | JPMorgan Chase Bank N.A. | Call | EUR | 42.64 | 5/07/15 | 76,400 | (260,178 | ) |
| WisdomTree Investments, Inc. | Deutsche Bank AG | Call | USD | 21.59 | 5/07/15 | 80,000 | (139,009 | ) |
| Lloyds Banking Group PLC | UBS AG | Call | GBP | 0.79 | 5/08/15 | 1,468,000 | (31,008 | ) |
| Nintendo Co. Ltd. | BNP Paribas S.A. | Call | JPY | 18,952.50 | 5/08/15 | 12,600 | (60,061 | ) |
| Aramark | UBS AG | Call | USD | 32.65 | 5/11/15 | 98,000 | (56,712 | ) |
| Daimler AG | Goldman Sachs International | Call | EUR | 89.59 | 5/12/15 | 31,300 | (65,201 | ) |
| Green REIT PLC | Goldman Sachs International | Call | EUR | 1.65 | 5/12/15 | 183,000 | (8,079 | ) |
| Kennedy Wilson Europe Real Estate PLC | Morgan Stanley & Co. International PLC | Call | GBP | 11.10 | 5/12/15 | 12,500 | (2,017 | ) |
| Kennedy-Wilson Holdings, Inc. | Morgan Stanley & Co. International PLC | Call | USD | 26.97 | 5/12/15 | 20,700 | (10,773 | ) |
| AIA Group Ltd. | Goldman Sachs International | Call | HKD | 47.24 | 5/13/15 | 477,000 | (120,559 | ) |
| AXA SA | UBS AG | Call | EUR | 23.56 | 5/13/15 | 73,900 | (17,616 | ) |
| Beijing Enterprises Water Group Ltd. | Goldman Sachs International | Call | HKD | 5.00 | 5/13/15 | 900,000 | (37,155 | ) |
| Crest Nicholson Holdings PLC | UBS AG | Call | GBP | 4.34 | 5/13/15 | 80,000 | (16,051 | ) |
| NH Hotel Group SA | UBS AG | Call | EUR | 4.77 | 5/13/15 | 50,000 | (23,859 | ) |
| Sacyr SA | Deutsche Bank AG | Call | EUR | 4.13 | 5/13/15 | 396,000 | (35,150 | ) |
| Samsonite International SA | UBS AG | Call | HKD | 26.05 | 5/13/15 | 96,500 | (19,741 | ) |
| Statoil ASA | Bank of America N.A. | Call | NOK | 144.38 | 5/13/15 | 35,000 | (18,721 | ) |
| Telefonica Deutschland Holding AG | Bank of America N.A. | Call | EUR | 5.43 | 5/15/15 | 255,000 | (31,501 | ) |
| SABMiller PLC | Goldman Sachs International | Call | GBP | 35.84 | 5/18/15 | 79,000 | (142,405 | ) |
| NH Hotel Group SA | UBS AG | Call | EUR | 4.77 | 5/19/15 | 50,000 | (24,711 | ) |
| China Construction Bank Corp., Class H | UBS AG | Call | HKD | 6.54 | 5/20/15 | 1,636,000 | (29,626 | ) |
| Crest Nicholson Holdings PLC | Goldman Sachs International | Call | GBP | 4.36 | 5/20/15 | 75,000 | (14,307 | ) |
| Kennedy Wilson Europe Real Estate PLC | Morgan Stanley & Co. International PLC | Call | GBP | 11.00 | 5/20/15 | 25,000 | (6,989 | ) |
| Kennedy Wilson Europe Real Estate PLC | Morgan Stanley & Co. International PLC | Call | GBP | 11.10 | 5/20/15 | 12,500 | (2,303 | ) |
| Mitsubishi Estate Co. Ltd. | UBS AG | Call | JPY | 2,814.87 | 5/20/15 | 97,000 | (74,158 | ) |
| Nabtesco Corp. | Morgan Stanley & Co. International PLC | Call | JPY | 3,514.80 | 5/20/15 | 30,000 | (26,636 | ) |
| Samsonite International SA | UBS AG | Call | HKD | 27.09 | 5/20/15 | 233,100 | (33,652 | ) |
| Shinsei Bank Ltd. | UBS AG | Call | JPY | 240.20 | 5/20/15 | 730,000 | (57,606 | ) |
| Crest Nicholson Holdings PLC | UBS AG | Call | GBP | 4.53 | 5/21/15 | 80,000 | (10,609 | ) |
| Kennedy-Wilson Holdings, Inc. | Morgan Stanley & Co. International PLC | Call | USD | 25.99 | 5/21/15 | 35,000 | (37,036 | ) |
| FANUC Corp. | UBS AG | Call | JPY | 26,512.50 | 5/27/15 | 19,000 | (168,004 | ) |
| Nabtesco Corp. | Morgan Stanley & Co. International PLC | Call | JPY | 3,514.80 | 5/27/15 | 30,000 | (28,813 | ) |
MARCH 31, 2015 7
Schedule of Investments (continued) BlackRock Global Opportunities Equity Trust (BOE)
As of March 31, 2015, over-the-counter options written as were as follows: (concluded)
| Description — Samsonite International SA | Counterparty — UBS AG | Call | Strike Price — HKD | 27.09 | Expiration Date — 5/27/15 | 233,100 | Market Value — $ (35,694 | ) |
|---|---|---|---|---|---|---|---|---|
| NH Hotel Group SA | Morgan Stanley & Co. International PLC | Call | EUR | 5.40 | 5/28/15 | 50,000 | (8,970 | ) |
| Kennedy-Wilson Holdings, Inc. | Citibank N.A. | Call | USD | 26.94 | 6/02/15 | 42,000 | (26,880 | ) |
| NH Hotel Group SA | Bank of America N.A. | Call | EUR | 5.17 | 6/03/15 | 115,000 | (25,651 | ) |
| Shinsei Bank Ltd. | UBS AG | Call | JPY | 241.39 | 6/03/15 | 730,000 | (62,989 | ) |
| Total | $ (7,917,461 | ) |
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. 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. The categorization of a value determined for investments and derivative financial instruments is based on the pricing transparency of the investment and derivative financial instruments and is not necessarily an indication of the risks associated with investing in those securities. The three levels of the fair value hierarchy are as follows:
Level 1 unadjusted quoted prices 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)
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. For information about the Trusts policy regarding valuation of investments and derivative financial instruments, refer to the Trusts most recent financial statements as contained in its annual report.
As of March 31, 2015, the following tables summarize the Trusts investments and derivative financial instruments categorized in the disclosure hierarchy:
| Level 1 | Level 2 | Level 3 | Total | |
|---|---|---|---|---|
| Assets: | ||||
| Investments: | ||||
| Long-Term Investments: | ||||
| Common Stocks: | ||||
| Belgium | | $ 12,553,543 | | $ 12,553,543 |
| Canada | $ 10,560,026 | | | 10,560,026 |
| China | 17,266,775 | 12,237,465 | | 29,504,240 |
| France | | 45,671,650 | | 45,671,650 |
| Germany | | 36,685,315 | | 36,685,315 |
| Hong Kong | | 14,900,730 | | 14,900,730 |
| India | 10,992,987 | 10,020,399 | | 21,013,386 |
| Indonesia | | 11,395,200 | | 11,395,200 |
| Ireland | 18,381,652 | | | 18,381,652 |
| Italy | | 12,818,315 | | 12,818,315 |
| Japan | | 55,110,605 | | 55,110,605 |
| Mexico | 4,244,378 | | | 4,244,378 |
| Netherlands | 17,012,180 | 4,927,844 | | 21,940,024 |
| New Zealand | | 6,280,127 | | 6,280,127 |
| Norway | | 5,854,315 | | 5,854,315 |
| Peru | 5,653,326 | | | 5,653,326 |
| South Africa | | 8,881,340 | | 8,881,340 |
| South Korea | | 18,452,456 | | 18,452,456 |
| Spain | | 15,062,003 | | 15,062,003 |
| Sweden | | 6,871,714 | | 6,871,714 |
| Switzerland | 7,863,933 | 21,404,634 | | 29,268,567 |
| Taiwan | 5,942,953 | 4,374,850 | | 10,317,803 |
| United Kingdom | 26,758,979 | 65,268,012 | $ 5,334,692 | 97,361,683 |
| United States | 513,424,634 | 31,831,765 | 4,641,340 | 549,897,739 |
8 MARCH 31, 2015
Schedule of Investments (continued) BlackRock Global Opportunities Equity Trust (BOE)
| Level 1 | Level 2 | Total | |||||
|---|---|---|---|---|---|---|---|
| Assets: (concluded) | |||||||
| Investments: (concluded) | |||||||
| Long-Term Investments: (concluded) | |||||||
| Investment Companies | $ 4,931,097 | | | $ 4,931,097 | |||
| Preferred Stocks | | | $ | 17,175,235 | 17,175,235 | ||
| Warrants | | 225,422 | | 225,422 | |||
| Short-Term Securities | 15,028,394 | 1,910,052 | | 16,938,446 | |||
| Total | $ 658,061,314 | $ 402,737,756 | $ | 27,151,267 | $ 1,087,950,337 | ||
| Level 1 | Level 2 | Level 3 | Total | ||||
| Derivative Financial Instruments 1 | |||||||
| Liabilities: | |||||||
| Equity contracts | $ (3,033,542 | ) | $ (8,988,792 | ) | | $ (12,022,334 | ) |
| 1 Derivative financial | |||||||
| instruments are options written, which are shown at value. | |||||||
| The Trust may hold assets and/or liabilities in which the fair value approximates the carrying amount for financial reporting purposes. As of March 31, 2015, such | |||||||
| assets and/or liabilities are categorized within the disclosure hierarchy as follows: | |||||||
| Level 1 | Level 2 | Level 3 | Total | ||||
| Assets: | |||||||
| Foreign currency at value | $ 205,331 | | | $ 205,331 | |||
| Liabilities: | |||||||
| Collateral on securities loaned at value | | $ (1,910,052 | ) | | (1,910,052 | ) | |
| Total | $ 205,331 | $ (1,910,052 | ) | | $ (1,704,721 | ) |
During the period ended March 31, 2015, there were no transfers between levels.
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 December 31, 2014 | $ 10,140,910 | $ 14,907,869 | $ 25,048,779 | |
| Transfers into Level 3 | | | | |
| Transfers out of Level 3 | | | | |
| Accrued discounts/premiums | | | | |
| Net realized gain (loss) | | | | |
| Net change in unrealized appreciation/depreciation | (164,878 | ) | 2,267,366 | 2,102,488 |
| Purchases | | | | |
| Sales | | | | |
| Closing Balance, as of March 31, 2015 | $ 9,976,032 | $ 17,175,235 | $ 27,151,267 | |
| Net change in unrealized appreciation/depreciation on investments still held at March 31, 2015 | $ (164,878 | ) | $ 2,267,366 | $ 2,102,488 |
MARCH 31, 2015 9
Schedule of Investments (concluded) BlackRock Global Opportunities Equity Trust (BOE)
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 Trusts Level 3 investments as of March 31, 2015. The table does not include Level 3 investments with values based upon unadjusted third party pricing information in the amount of $4,641,340.
| Value | Valuation Techniques | Unobservable Inputs | ||
|---|---|---|---|---|
| Assets: | ||||
| Common Stocks | $ 5,334,692 | Market Comparable Companies | Price to Tangible Book Value Multiple 1 | 1.8x |
| Preferred Stocks 2 | 12,944,717 | Probability-Weighted Expected Return Model | Years to IPO 3 | 0.75-2.90 |
| IPO Exit Probability 1 | 90.00%-95.00 % | |||
| Discount Rate 1 | 21.30%-22.31 % | |||
| Margin 1 | 20.00 % | |||
| Revenue Multiple 1 | 10.0x-16.0x | |||
| 4,230,518 | Probability-Weighted Expected Return Model | Years to IPO 3 | 1.2-3.2 | |
| IPO Exit Probability 1 | 75.00 % | |||
| Discount Rate 1 | 25.00 % | |||
| Revenue Multiple 1 | 0.84x-1.87x | |||
| Total | $ 22,509,927 |
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.
2 For the period ended March 31, 2015, the valuation technique for certain investments classified as preferred stocks changed to a Probability-Weighted Expected Return Model. The investments were previously valued utilizing a market comparable company and option pricing model approach. A Probability-Weighted Expected Return Model was considered to be a more relevant measure of fair value for these investments which leverages the most recent equity raise pre-money valuation and or secondary market transactions.
3 Decrease in unobservable input may result in a significant increase to value, while an increase in the unobservable input may result in a significant decrease to value.
10 MARCH 31, 2015
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: May 22, 2015 |
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: May 22, 2015 | |
| By: | /s/ Neal J. Andrews |
| Neal J. Andrews | |
| Chief Financial Officer (principal financial officer) of | |
| BlackRock Global Opportunities Equity Trust | |
| Date: May 22, 2015 |
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