Regulatory Filings • Nov 22, 2016
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Download Source FileN-Q 1 d260636dnq.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: 12/31/2016
Date of reporting period: 09/30/2016
Item 1 Schedule of Investments
| Schedule of Investments September 30, 2016 (Unaudited) |
|---|
| (Percentages shown are based on Net Assets) |
| Common Stocks | Value | |
|---|---|---|
| Australia 0.0% | ||
| Ensogo Ltd. (a) | 418,198 | $ 208,044 |
| Belgium 2.9% | ||
| Anheuser-Busch InBev SA | 214,532 | 28,212,785 |
| Canada 1.2% | ||
| Fairfax Financial Holdings Ltd. | 20,508 | 12,016,395 |
| China 2.2% | ||
| Alibaba Group Holding Ltd. ADR (a)(b) | 152,280 | 16,109,701 |
| Baidu, Inc. ADR (a)(b) | 30,600 | 5,571,342 |
| 21,681,043 | ||
| France 1.0% | ||
| Unibail-Rodamco SE REIT | 34,970 | 9,429,111 |
| Hong Kong 0.8% | ||
| AIA Group Ltd. | 1,148,900 | 7,726,059 |
| India 1.4% | ||
| Bharti Infratel Ltd. | 994,459 | 5,471,975 |
| HDFC Bank Ltd. | 358,485 | 7,914,537 |
| 13,386,512 | ||
| Indonesia 0.5% | ||
| Matahari Department Store Tbk PT | 3,129,023 | 4,443,003 |
| Ireland 0.8% | ||
| Green REIT PLC | 4,694,157 | 7,672,518 |
| Israel 0.4% | ||
| Teva Pharmaceutical Industries Ltd. ADR (b) | 89,900 | 4,136,299 |
| Italy 2.0% | ||
| Atlantia SpA | 227,100 | 5,767,827 |
| Eni SpA | 445,200 | 6,415,496 |
| Snam SpA | 1,243,900 | 6,897,295 |
| 19,080,618 | ||
| Japan 6.0% | ||
| Alps Electric Co. Ltd. | 228,000 | 5,503,413 |
| FANUC Corp. | 60,300 | 10,185,603 |
| Nintendo Co. Ltd. | 30,500 | 8,166,457 |
| SoftBank Group Corp. | 219,600 | 14,231,970 |
| Sony Corp. | 308,600 | 10,224,101 |
| Sumitomo Mitsui Financial Group, Inc. | 270,000 | 9,120,495 |
| 57,432,039 | ||
| Mexico 0.7% | ||
| Fomento Economico Mexicano SAB de CV ADR (b) | 70,600 | 6,498,024 |
| Netherlands 2.8% | ||
| ASML Holding NV | 49,027 | 5,372,942 |
| InterXion Holding NV (a)(b) | 144,200 | 5,222,924 |
| Koninklijke Philips NV | 547,840 | 16,210,435 |
| 26,806,301 | ||
| New Zealand 0.5% | ||
| Xero Ltd. (a) | 350,000 | 4,942,252 |
| Common Stocks | Value | |
|---|---|---|
| Norway 1.1% | ||
| Statoil ASA | 613,060 | $ 10,292,234 |
| Philippines 0.5% | ||
| Cemex Holdings Philippines, Inc. (a)(c) | 19,451,800 | 4,813,313 |
| Portugal 0.9% | ||
| Galp Energia SGPS SA | 672,400 | 9,186,308 |
| South Africa 1.2% | ||
| Naspers Ltd., N Shares | 66,150 | 11,448,774 |
| South Korea 1.3% | ||
| Amorepacific Corp. | 13,600 | 4,822,863 |
| LG Chem Ltd. | 36,100 | 7,984,330 |
| 12,807,193 | ||
| Spain 1.5% | ||
| Cellnex Telecom SA (c) | 780,578 | 14,125,985 |
| Sweden 0.7% | ||
| Nordea Bank AB | 658,358 | 6,537,808 |
| Switzerland 2.3% | ||
| Nestle SA | 135,934 | 10,733,903 |
| Roche Holding AG | 30,320 | 7,534,478 |
| UBS Group AG | 323,489 | 4,419,008 |
| 22,687,389 | ||
| Taiwan 1.4% | ||
| Largan Precision Co. Ltd. | 41,900 | 5,106,625 |
| Taiwan Semiconductor Manufacturing Co. Ltd. | 1,416,000 | 8,323,451 |
| 13,430,076 | ||
| Thailand 0.4% | ||
| True Corp PCL | 17,636,900 | 3,551,645 |
| United Kingdom 9.0% | ||
| AstraZeneca PLC | 88,500 | 5,730,509 |
| BAE Systems PLC | 957,470 | 6,504,317 |
| Delphi Automotive PLC (b) | 91,710 | 6,540,757 |
| Diageo PLC | 369,800 | 10,592,336 |
| GlaxoSmithKline PLC | 292,400 | 6,227,660 |
| Imperial Brands PLC | 209,060 | 10,760,391 |
| Lloyds Banking Group PLC | 5,114,640 | 3,613,554 |
| Metro Bank PLC (a) | 174,408 | 6,227,418 |
| Nomad Foods Ltd. (a) | 623,429 | 7,368,931 |
| Unilever PLC | 309,520 | 14,646,437 |
| Vodafone Group PLC ADR (b) | 286,910 | 8,363,426 |
| 86,575,736 | ||
| United States 54.4% | ||
| Acuity Brands, Inc. (b) | 17,550 | 4,643,730 |
| Adobe Systems, Inc. (a)(d) | 91,820 | 9,966,143 |
| Allergan PLC (a)(b) | 20,200 | 4,652,262 |
| Alphabet, Inc., Class A (a)(b) | 13,714 | 11,026,879 |
| Alphabet, Inc., Class C (a)(b) | 23,652 | 18,384,463 |
| Altria Group, Inc. (b)(d) | 178,510 | 11,287,187 |
| Amazon.com, Inc. (a)(b)(d) | 14,060 | 11,772,579 |
| Portfolio Abbreviations — ADR | American Depositary Receipt | HKD | Hong Kong Dollar | REIT | Real Estate Investment Trust |
|---|---|---|---|---|---|
| CAD | Canadian Dollar | JPY | Japanese Yen | SEK | Swedish Krona |
| CHF | Swiss Franc | KRW | South Korean Won | TWD | Taiwan Dollar |
| EUR | Euro | NOK | Norwegian Krone | USD | U.S. Dollar |
| GBP | British Pound | NZD | New Zealand Dollar | ZAR | South African Rand |
SEPTEMBER 30, 2016 1
Schedule of Investments (continued) BlackRock Global Opportunities Equity Trust (BOE)
| Common Stocks | Value | |
|---|---|---|
| United States (continued) | ||
| Amgen, Inc. (b) | 32,000 | $ 5,337,920 |
| Apple, Inc. (b) | 145,500 | 16,448,775 |
| Aramark (d) | 284,920 | 10,835,508 |
| Assured Guaranty Ltd. (b) | 167,992 | 4,661,778 |
| BankUnited, Inc. (d) | 300,263 | 9,067,943 |
| Biogen, Inc. (a)(b) | 14,100 | 4,413,723 |
| Boston Scientific Corp. (a)(b)(d) | 290,887 | 6,923,111 |
| Celgene Corp. (a)(b) | 42,500 | 4,442,525 |
| Centene Corp. (a) | 78,500 | 5,256,360 |
| Cigna Corp. (b) | 34,000 | 4,430,880 |
| Citigroup, Inc. (b)(d) | 217,908 | 10,291,795 |
| Comcast Corp., Class A (b)(d) | 176,200 | 11,689,108 |
| Concho Resources, Inc. (a)(b) | 60,530 | 8,313,796 |
| Crown Holdings, Inc. (a) | 100,370 | 5,730,123 |
| Duke Energy Corp. (b) | 86,800 | 6,947,472 |
| Eastman Chemical Co. | 80,790 | 5,467,867 |
| EOG Resources, Inc. (b) | 125,470 | 12,134,204 |
| Facebook, Inc., Class A (a)(b) | 81,000 | 10,389,870 |
| Hartford Financial Services Group, Inc. (b) | 283,730 | 12,149,319 |
| Hess Corp. (b) | 167,300 | 8,970,626 |
| Intercontinental Exchange, Inc. | 26,560 | 7,154,202 |
| Johnson Controls International PLC (b) | 179,801 | 8,366,140 |
| Kellogg Co. (b) | 116,800 | 9,048,496 |
| Kennedy-Wilson Holdings, Inc. | 274,748 | 6,195,567 |
| Lam Research Corp. | 90,800 | 8,599,668 |
| Lowes Cos., Inc. (b) | 81,030 | 5,851,176 |
| Macquarie Infrastructure Corp. (b) | 79,140 | 6,587,614 |
| Marathon Petroleum Corp. (b) | 100,200 | 4,067,118 |
| MasterCard, Inc., Class A (b)(d) | 204,860 | 20,848,602 |
| McDonalds Corp. (b)(d) | 147,200 | 16,980,992 |
| Medtronic PLC (b) | 144,183 | 12,457,411 |
| Merck & Co., Inc. (b) | 108,810 | 6,790,832 |
| Micron Technology, Inc. (a)(b) | 203,400 | 3,616,452 |
| Mondelez International, Inc., Class A (b) | 211,230 | 9,272,997 |
| Monsanto Co. (b) | 76,600 | 7,828,520 |
| Mosaic Co. (b) | 354,460 | 8,670,092 |
| PayPal Holdings, Inc. (a)(b) | 252,600 | 10,349,022 |
| Pioneer Natural Resources Co. (b) | 31,600 | 5,866,540 |
| Platform Specialty Products Corp. (a) | 484,673 | 3,930,698 |
| PPL Corp. (b) | 192,700 | 6,661,639 |
| Public Service Enterprise Group, Inc. (b) | 153,630 | 6,432,488 |
| Roper Technologies, Inc. (b) | 31,639 | 5,773,168 |
| Samsonite International SA | 1,632,800 | 5,264,678 |
| ServiceMaster Global Holdings, Inc. (a)(b) | 222,305 | 7,487,232 |
| Sherwin-Williams Co. (b) | 21,800 | 6,031,188 |
| Shire PLC ADR (b) | 25,560 | 4,955,062 |
| Starbucks Corp. (b) | 247,946 | 13,423,796 |
| Strategic Growth Bancorp. (Acquired 3/10/14, Cost $5,461,692) (a)(e) | 438,690 | 3,935,049 |
| SVB Financial Group (a)(b) | 66,500 | 7,350,910 |
| Common Stocks | Value | ||
|---|---|---|---|
| United States (continued) | |||
| Union Pacific Corp. (b) | 105,974 | $ 10,335,644 | |
| UnitedHealth Group, Inc. (b) | 58,187 | 8,146,180 | |
| Vulcan Materials Co. (b) | 25,600 | 2,911,488 | |
| Walt Disney Co. (b) | 102,900 | 9,555,294 | |
| Wells Fargo & Co. (b) | 251,400 | 11,131,992 | |
| WestRock Co. | 132,700 | 6,433,296 | |
| Whirlpool Corp. (b) | 33,500 | 5,432,360 | |
| WisdomTree Investments, Inc. (b) | 444,901 | 4,578,031 | |
| 523,957,580 | |||
| Total Common Stocks 97.9% | 943,085,044 | ||
| Preferred Stocks | |||
| India 0.9% | |||
| Jasper Infotech Private Ltd., Series F (Acquired 5/7/14, Cost $1,888,464), 0.00% (a)(e) | 266 | 6,869,512 | |
| Jasper Infotech Private Ltd., Series G (Acquired 10/29/14, Cost $741,913), 0.00% (a)(e) | 88 | 2,272,621 | |
| 9,142,133 | |||
| United States 1.8% | |||
| Palantir Technologies, Inc., Series I (Acquired 2/7/14, Cost $3,118,944), 0.00% (a)(e) | 508,800 | 4,670,784 | |
| Uber Technologies, Inc., Series D (Acquired 6/6/14, Cost $3,845,800), 0.00% (a)(e) | 247,908 | 12,276,404 | |
| 16,947,188 | |||
| Total Preferred Stocks 2.7% | 26,089,321 | ||
| Total Long Term Investments (Cost $836,296,986) 100.6% | 969,174,365 | ||
| Short-Term Securities | |||
| BlackRock Liquidity Funds, T-Fund, Institutional Class, 0.20% (f)(g) | 10,266,008 | 10,266,008 | |
| Total Short-Term Securities (Cost $10,266,008) 1.1% | 10,266,008 | ||
| Total Investments Before Options | |||
| Written (Cost $846,562,994*) 101.7% | 979,440,373 | ||
| Options Written | |||
| (Premiums Received $10,794,968) (1.3)% | (12,038,749 | ) | |
| Total Investments Net of Options Written 100.4% | 967,401,624 | ||
| Liabilities in Excess of Other Assets (0.4)% | (4,130,023 | ) | |
| Net Assets 100.0% | $ 963,271,601 |
Notes to Schedule of Investments
| Tax cost | $ | |
|---|---|---|
| Gross unrealized appreciation | $ 153,133,286 | |
| Gross unrealized depreciation | (26,590,197 | ) |
| Net unrealized appreciation | $ 126,543,089 |
(a) Non-income producing security.
(b) All or a portion of security has been pledged and/or segregated as collateral in connection with outstanding exchange-traded options written.
2 SEPTEMBER 30, 2016
Schedule of Investments (continued) BlackRock Global Opportunities Equity Trust (BOE)
(c) Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933. This security may be resold in transactions exempt from registration to qualified institutional investors.
(d) All or a portion of security has been pledged as collateral in connection with outstanding OTC derivatives.
(e) Restricted securities as to resale, excluding 144A securities. As of period end, the Trust held restricted securities with a current value of $30,024,370 and an original cost of $15,056,813 which was 3.1% of its net assets.
(f) Current yield as of period end.
(g) During the period ended September 30, 2016, investments in issuers considered to be affiliates of the Trust 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 | 6,389,331 | (6,389,331 | ) | | | $69,072 | |
|---|---|---|---|---|---|---|---|
| BlackRock Liquidity Funds, T-Fund, Institutional Class | | 10,266,008 | 10,266,008 | $10,266,008 | 2,062 | ||
| BlackRock Liquidity Series, LLC Money Market Series | $ 427,550 | $ (427,550 | ) | | | 20,345 | 1 |
| Total | $10,266,008 | $91,479 |
1 Represents securities lending income earned from the reinvestment of cash collateral from loaned securities, net of fees and collateral investment expenses, and other payments to and from borrowers of securities.
Derivative Financial Instruments Outstanding as of Period End
Exchange-Traded Options Written
| Description — Public Service Enterprise Group, Inc. | Call | Expiration Date — 10/06/16 | USD | 43.91 | 51 | Value — $ (406 | ) |
|---|---|---|---|---|---|---|---|
| Alibaba Group Holding Ltd. ADR | Call | 10/07/16 | USD | 94.00 | 107 | (127,598 | ) |
| Alphabet, Inc., Class A | Call | 10/07/16 | USD | 810.00 | 11 | (3,960 | ) |
| Amazon.com, Inc. | Call | 10/07/16 | USD | 777.50 | 36 | (217,800 | ) |
| Apple, Inc. | Call | 10/07/16 | USD | 108.00 | 61 | (31,110 | ) |
| Citigroup, Inc. | Call | 10/07/16 | USD | 47.50 | 182 | (9,100 | ) |
| Comcast Corp., Class A | Call | 10/07/16 | USD | 67.00 | 77 | (1,463 | ) |
| EOG Resources, Inc. | Call | 10/07/16 | USD | 91.00 | 38 | (22,705 | ) |
| Facebook, Inc., Class A | Call | 10/07/16 | USD | 126.00 | 93 | (24,087 | ) |
| MasterCard, Inc., Class A | Call | 10/07/16 | USD | 96.00 | 245 | (140,263 | ) |
| McDonalds Corp. | Call | 10/07/16 | USD | 117.00 | 109 | (2,180 | ) |
| Medtronic PLC | Call | 10/07/16 | USD | 88.00 | 76 | (798 | ) |
| Merck & Co., Inc. | Call | 10/07/16 | USD | 62.50 | 65 | (3,088 | ) |
| Micron Technology, Inc. | Call | 10/07/16 | USD | 16.50 | 350 | (52,150 | ) |
| Mondelez International, Inc., Class A | Call | 10/07/16 | USD | 44.50 | 237 | (5,333 | ) |
| Mosaic Co. | Call | 10/07/16 | USD | 30.00 | 244 | (488 | ) |
| PayPal Holdings, Inc. | Call | 10/07/16 | USD | 39.00 | 126 | (25,704 | ) |
| Pioneer Natural Resources Co. | Call | 10/07/16 | USD | 190.00 | 42 | (5,460 | ) |
| Shire PLC ADR | Call | 10/07/16 | USD | 200.00 | 35 | (2,712 | ) |
| Starbucks Corp. | Call | 10/07/16 | USD | 58.00 | 164 | (1,640 | ) |
| Teva Pharmaceutical Industries Ltd. ADR | Call | 10/07/16 | USD | 54.00 | 250 | (1,250 | ) |
| Union Pacific Corp. | Call | 10/07/16 | USD | 96.00 | 143 | (26,812 | ) |
| UnitedHealth Group, Inc. | Call | 10/07/16 | USD | 135.00 | 94 | (48,645 | ) |
| Vodafone Group PLC ADR | Call | 10/07/16 | USD | 31.00 | 350 | (8,750 | ) |
| Whirlpool Corp. | Call | 10/07/16 | USD | 185.00 | 62 | (434 | ) |
| Alibaba Group Holding Ltd. ADR | Call | 10/14/16 | USD | 98.50 | 202 | (153,520 | ) |
| Alphabet, Inc., Class C | Call | 10/14/16 | USD | 772.50 | 39 | (44,265 | ) |
| Amazon.com, Inc. | Call | 10/14/16 | USD | 770.00 | 1 | (6,850 | ) |
| Amazon.com, Inc. | Call | 10/14/16 | USD | 785.00 | 1 | (5,395 | ) |
| Amgen, Inc. | Call | 10/14/16 | USD | 172.50 | 122 | (6,039 | ) |
| Apple, Inc. | Call | 10/14/16 | USD | 106.00 | 85 | (60,988 | ) |
| Apple, Inc. | Call | 10/14/16 | USD | 108.00 | 61 | (32,482 | ) |
| Baidu, Inc. ADR | Call | 10/14/16 | USD | 190.00 | 75 | (9,225 | ) |
| Celgene Corp. | Call | 10/14/16 | USD | 110.00 | 116 | (5,568 | ) |
| Citigroup, Inc. | Call | 10/14/16 | USD | 48.50 | 308 | (15,554 | ) |
| Comcast Corp., Class A | Call | 10/14/16 | USD | 67.00 | 76 | (2,926 | ) |
| EOG Resources, Inc. | Call | 10/14/16 | USD | 92.50 | 102 | (49,725 | ) |
| Hess Corp. | Call | 10/14/16 | USD | 55.50 | 83 | (6,432 | ) |
| Hess Corp. | Call | 10/14/16 | USD | 56.50 | 259 | (14,245 | ) |
SEPTEMBER 30, 2016 3
Schedule of Investments (continued) BlackRock Global Opportunities Equity Trust (BOE)
| Description — Marathon Petroleum Corp. | Call | Expiration Date — 10/14/16 | USD | 44.00 | 138 | Value — $ (3,450 | ) |
|---|---|---|---|---|---|---|---|
| MasterCard, Inc., Class A | Call | 10/14/16 | USD | 99.50 | 295 | (76,700 | ) |
| McDonalds Corp. | Call | 10/14/16 | USD | 116.00 | 180 | (15,390 | ) |
| Medtronic PLC | Call | 10/14/16 | USD | 87.00 | 145 | (8,772 | ) |
| Merck & Co., Inc. | Call | 10/14/16 | USD | 63.00 | 78 | (7,917 | ) |
| Micron Technology, Inc. | Call | 10/14/16 | USD | 16.50 | 510 | (80,325 | ) |
| Mondelez International, Inc., Class A | Call | 10/14/16 | USD | 44.00 | 177 | (11,682 | ) |
| Monsanto Co. | Call | 10/14/16 | USD | 111.00 | 52 | (2,600 | ) |
| Monsanto Co. | Call | 10/14/16 | USD | 112.00 | 52 | (2,600 | ) |
| Shire PLC ADR | Call | 10/14/16 | USD | 200.00 | 42 | (7,140 | ) |
| Union Pacific Corp. | Call | 10/14/16 | USD | 96.50 | 110 | (20,735 | ) |
| UnitedHealth Group, Inc. | Call | 10/14/16 | USD | 142.00 | 45 | (2,902 | ) |
| Vodafone Group PLC ADR | Call | 10/14/16 | USD | 30.50 | 208 | (2,080 | ) |
| Walt Disney Co. | Call | 10/14/16 | USD | 95.50 | 244 | (3,294 | ) |
| Wells Fargo & Co. | Call | 10/14/16 | USD | 50.00 | 117 | (234 | ) |
| Roper Technologies, Inc. | Call | 10/17/16 | USD | 175.01 | 87 | (73,623 | ) |
| Sherwin-Williams Co. | Call | 10/17/16 | USD | 291.51 | 85 | (1,919 | ) |
| Acuity Brands, Inc. | Call | 10/21/16 | USD | 270.00 | 37 | (25,160 | ) |
| Alibaba Group Holding Ltd. ADR | Call | 10/21/16 | USD | 95.00 | 107 | (119,037 | ) |
| Allergan PLC | Call | 10/21/16 | USD | 247.50 | 110 | (8,525 | ) |
| Alphabet, Inc., Class A | Call | 10/21/16 | USD | 810.00 | 30 | (24,600 | ) |
| Alphabet, Inc., Class C | Call | 10/21/16 | USD | 775.00 | 54 | (64,800 | ) |
| Altria Group, Inc. | Call | 10/21/16 | USD | 67.50 | 182 | (273 | ) |
| Amazon.com, Inc. | Call | 10/21/16 | USD | 810.00 | 37 | (130,055 | ) |
| Amgen, Inc. | Call | 10/21/16 | USD | 175.00 | 27 | (1,282 | ) |
| Apple, Inc. | Call | 10/21/16 | USD | 105.00 | 50 | (41,250 | ) |
| Apple, Inc. | Call | 10/21/16 | USD | 110.00 | 230 | (89,125 | ) |
| Assured Guaranty Ltd. | Call | 10/21/16 | USD | 28.00 | 230 | (8,740 | ) |
| Baidu, Inc. ADR | Call | 10/21/16 | USD | 192.50 | 75 | (10,950 | ) |
| Biogen, Inc. | Call | 10/21/16 | USD | 315.00 | 39 | (33,735 | ) |
| Boston Scientific Corp. | Call | 10/21/16 | USD | 24.00 | 138 | (5,796 | ) |
| Boston Scientific Corp. | Call | 10/21/16 | USD | 25.00 | 139 | (2,085 | ) |
| Celgene Corp. | Call | 10/21/16 | USD | 110.00 | 116 | (10,034 | ) |
| Cigna Corp. | Call | 10/21/16 | USD | 135.00 | 93 | (12,973 | ) |
| Cigna Corp. | Call | 10/21/16 | USD | 140.00 | 47 | (1,245 | ) |
| Citigroup, Inc. | Call | 10/21/16 | USD | 45.00 | 56 | (15,456 | ) |
| Citigroup, Inc. | Call | 10/21/16 | USD | 47.50 | 110 | (12,320 | ) |
| Comcast Corp., Class A | Call | 10/21/16 | USD | 67.50 | 231 | (8,778 | ) |
| Concho Resources, Inc. | Call | 10/21/16 | USD | 130.00 | 65 | (57,525 | ) |
| Delphi Automotive PLC | Call | 10/21/16 | USD | 72.50 | 255 | (29,962 | ) |
| Duke Energy Corp. | Call | 10/21/16 | USD | 80.00 | 119 | (14,875 | ) |
| Duke Energy Corp. | Call | 10/21/16 | USD | 82.50 | 239 | (7,768 | ) |
| EOG Resources, Inc. | Call | 10/21/16 | USD | 90.00 | 129 | (95,782 | ) |
| Fomento Economico Mexicano SAB de CV ADR | Call | 10/21/16 | USD | 90.00 | 152 | (58,520 | ) |
| Fomento Economico Mexicano SAB de CV ADR | Call | 10/21/16 | USD | 95.00 | 152 | (21,660 | ) |
| Hartford Financial Services Group, Inc. | Call | 10/21/16 | USD | 42.00 | 1,260 | (164,430 | ) |
| InterXion Holding NV | Call | 10/21/16 | USD | 38.00 | 194 | (6,305 | ) |
| Johnson Controls International PLC | Call | 10/21/16 | USD | 46.00 | 947 | (25,096 | ) |
| Kellogg Co. | Call | 10/21/16 | USD | 80.00 | 320 | (15,200 | ) |
| Macquarie Infrastructure Corp. | Call | 10/21/16 | USD | 80.75 | 215 | (67,986 | ) |
| Marathon Petroleum Corp. | Call | 10/21/16 | USD | 42.50 | 275 | (17,875 | ) |
| MasterCard, Inc., Class A | Call | 10/21/16 | USD | 100.00 | 191 | (47,559 | ) |
| McDonalds Corp. | Call | 10/21/16 | USD | 120.00 | 180 | (6,750 | ) |
| Medtronic PLC | Call | 10/21/16 | USD | 87.50 | 206 | (12,463 | ) |
| Merck & Co., Inc. | Call | 10/21/16 | USD | 64.50 | 22 | (1,221 | ) |
| Merck & Co., Inc. | Call | 10/21/16 | USD | 65.00 | 79 | (3,358 | ) |
| Micron Technology, Inc. | Call | 10/21/16 | USD | 19.00 | 260 | (10,660 | ) |
| Mondelez International, Inc., Class A | Call | 10/21/16 | USD | 44.00 | 202 | (17,271 | ) |
| Mondelez International, Inc., Class A | Call | 10/21/16 | USD | 46.00 | 168 | (4,284 | ) |
| Monsanto Co. | Call | 10/21/16 | USD | 110.00 | 109 | (545 | ) |
| Mosaic Co. | Call | 10/21/16 | USD | 31.00 | 488 | (4,880 | ) |
| PayPal Holdings, Inc. | Call | 10/21/16 | USD | 40.00 | 421 | (77,043 | ) |
4 SEPTEMBER 30, 2016
Schedule of Investments (continued) BlackRock Global Opportunities Equity Trust (BOE)
| Description — PPL Corp. | Call | Expiration Date — 10/21/16 | USD | 35.00 | 190 | Value — $ (7,600 | ) |
|---|---|---|---|---|---|---|---|
| PPL Corp. | Call | 10/21/16 | USD | 36.00 | 510 | (5,100 | ) |
| Roper Technologies, Inc. | Call | 10/21/16 | USD | 180.00 | 87 | (38,280 | ) |
| ServiceMaster Global Holdings, Inc. | Call | 10/21/16 | USD | 35.00 | 350 | (15,750 | ) |
| ServiceMaster Global Holdings, Inc. | Call | 10/21/16 | USD | 40.00 | 528 | (84,480 | ) |
| Shire PLC ADR | Call | 10/21/16 | USD | 200.00 | 63 | (14,175 | ) |
| Starbucks Corp. | Call | 10/21/16 | USD | 57.50 | 373 | (2,052 | ) |
| SVB Financial Group | Call | 10/21/16 | USD | 115.00 | 90 | (16,425 | ) |
| SVB Financial Group | Call | 10/21/16 | USD | 120.00 | 90 | (9,900 | ) |
| Teva Pharmaceutical Industries Ltd. ADR | Call | 10/21/16 | USD | 52.50 | 58 | (145 | ) |
| Union Pacific Corp. | Call | 10/21/16 | USD | 95.00 | 150 | (57,750 | ) |
| UnitedHealth Group, Inc. | Call | 10/21/16 | USD | 140.00 | 16 | (4,032 | ) |
| Whirlpool Corp. | Call | 10/21/16 | USD | 175.00 | 61 | (2,288 | ) |
| WisdomTree Investments, Inc. | Call | 10/21/16 | USD | 11.00 | 1,000 | (15,000 | ) |
| Alphabet, Inc., Class A | Call | 10/28/16 | USD | 827.50 | 17 | (21,080 | ) |
| Alphabet, Inc., Class C | Call | 10/28/16 | USD | 797.50 | 37 | (48,100 | ) |
| Altria Group, Inc. | Call | 10/28/16 | USD | 65.00 | 120 | (4,200 | ) |
| Amazon.com, Inc. | Call | 10/28/16 | USD | 870.00 | 2 | (3,440 | ) |
| Apple, Inc. | Call | 10/28/16 | USD | 110.00 | 50 | (25,750 | ) |
| Biogen, Inc. | Call | 10/28/16 | USD | 325.00 | 19 | (16,340 | ) |
| Celgene Corp. | Call | 10/28/16 | USD | 111.00 | 1 | (98 | ) |
| Citigroup, Inc. | Call | 10/28/16 | USD | 48.00 | 237 | (23,937 | ) |
| Comcast Corp., Class A | Call | 10/28/16 | USD | 67.00 | 152 | (14,896 | ) |
| EOG Resources, Inc. | Call | 10/28/16 | USD | 93.50 | 160 | (78,400 | ) |
| EOG Resources, Inc. | Call | 10/28/16 | USD | 94.50 | 62 | (26,195 | ) |
| Hartford Financial Services Group, Inc. | Call | 10/28/16 | USD | 43.50 | 300 | (23,850 | ) |
| Hess Corp. | Call | 10/28/16 | USD | 51.00 | 82 | (36,080 | ) |
| Lowes Cos., Inc. | Call | 10/28/16 | USD | 74.00 | 75 | (3,825 | ) |
| Marathon Petroleum Corp. | Call | 10/28/16 | USD | 44.00 | 138 | (7,245 | ) |
| MasterCard, Inc., Class A | Call | 10/28/16 | USD | 103.00 | 94 | (14,852 | ) |
| McDonalds Corp. | Call | 10/28/16 | USD | 118.00 | 88 | (8,976 | ) |
| Medtronic PLC | Call | 10/28/16 | USD | 87.00 | 122 | (12,017 | ) |
| Merck & Co., Inc. | Call | 10/28/16 | USD | 63.50 | 32 | (3,472 | ) |
| Mondelez International, Inc., Class A | Call | 10/28/16 | USD | 44.00 | 234 | (26,910 | ) |
| Monsanto Co. | Call | 10/28/16 | USD | 105.00 | 105 | (6,038 | ) |
| Mosaic Co. | Call | 10/28/16 | USD | 27.50 | 400 | (10,800 | ) |
| PayPal Holdings, Inc. | Call | 10/28/16 | USD | 40.50 | 211 | (35,132 | ) |
| Pioneer Natural Resources Co. | Call | 10/28/16 | USD | 182.50 | 21 | (16,800 | ) |
| Union Pacific Corp. | Call | 10/28/16 | USD | 96.50 | 70 | (21,560 | ) |
| UnitedHealth Group, Inc. | Call | 10/28/16 | USD | 144.00 | 45 | (4,702 | ) |
| Vodafone Group PLC ADR | Call | 10/28/16 | USD | 30.50 | 500 | (10,500 | ) |
| Walt Disney Co. | Call | 10/28/16 | USD | 95.50 | 211 | (8,334 | ) |
| Whirlpool Corp. | Call | 10/28/16 | USD | 172.50 | 61 | (10,400 | ) |
| Public Service Enterprise Group, Inc. | Call | 11/01/16 | USD | 42.21 | 428 | (55,752 | ) |
| Alibaba Group Holding Ltd. ADR | Call | 11/04/16 | USD | 109.00 | 133 | (43,890 | ) |
| Alphabet, Inc., Class A | Call | 11/04/16 | USD | 822.50 | 17 | (26,775 | ) |
| Altria Group, Inc. | Call | 11/04/16 | USD | 63.50 | 240 | (25,560 | ) |
| Apple, Inc. | Call | 11/04/16 | USD | 114.00 | 169 | (51,968 | ) |
| Biogen, Inc. | Call | 11/04/16 | USD | 325.00 | 19 | (18,145 | ) |
| Comcast Corp., Class A | Call | 11/04/16 | USD | 67.00 | 268 | (29,882 | ) |
| EOG Resources, Inc. | Call | 11/04/16 | USD | 100.00 | 83 | (17,554 | ) |
| Facebook, Inc., Class A | Call | 11/04/16 | USD | 132.00 | 41 | (11,336 | ) |
| Hess Corp. | Call | 11/04/16 | USD | 51.00 | 150 | (70,500 | ) |
| Hess Corp. | Call | 11/04/16 | USD | 51.50 | 199 | (87,062 | ) |
| Lowes Cos., Inc. | Call | 11/04/16 | USD | 75.00 | 145 | (5,655 | ) |
| MasterCard, Inc., Class A | Call | 11/04/16 | USD | 103.00 | 301 | (53,428 | ) |
| McDonalds Corp. | Call | 11/04/16 | USD | 116.00 | 252 | (51,408 | ) |
| Medtronic PLC | Call | 11/04/16 | USD | 88.00 | 94 | (6,768 | ) |
| Merck & Co., Inc. | Call | 11/04/16 | USD | 64.00 | 21 | (2,079 | ) |
| Mondelez International, Inc., Class A | Call | 11/04/16 | USD | 44.50 | 143 | (14,872 | ) |
| Mosaic Co. | Call | 11/04/16 | USD | 26.00 | 220 | (11,880 | ) |
| PayPal Holdings, Inc. | Call | 11/04/16 | USD | 40.50 | 211 | (37,347 | ) |
| Pioneer Natural Resources Co. | Call | 11/04/16 | USD | 192.50 | 55 | (25,575 | ) |
| Starbucks Corp. | Call | 11/04/16 | USD | 56.00 | 227 | (15,436 | ) |
| Teva Pharmaceutical Industries Ltd. ADR | Call | 11/04/16 | USD | 52.50 | 93 | (3,069 | ) |
SEPTEMBER 30, 2016 5
Schedule of Investments (continued) BlackRock Global Opportunities Equity Trust (BOE)
| Description — UnitedHealth Group, Inc. | Call | 11/04/16 | USD | 144.00 | 45 | Value — $ (5,895 | ) |
|---|---|---|---|---|---|---|---|
| Vodafone Group PLC ADR | Call | 11/04/16 | USD | 30.50 | 170 | (4,845 | ) |
| Walt Disney Co. | Call | 11/04/16 | USD | 92.50 | 110 | (20,240 | ) |
| Wells Fargo & Co. | Call | 11/04/16 | USD | 46.50 | 128 | (4,416 | ) |
| Sherwin-Williams Co. | Call | 11/07/16 | USD | 287.00 | 35 | (7,695 | ) |
| Alibaba Group Holding Ltd. ADR | Call | 11/11/16 | USD | 109.00 | 207 | (79,178 | ) |
| Altria Group, Inc. | Call | 11/11/16 | USD | 63.50 | 220 | (26,950 | ) |
| Boston Scientific Corp. | Call | 11/11/16 | USD | 24.25 | 880 | (54,218 | ) |
| Citigroup, Inc. | Call | 11/11/16 | USD | 47.00 | 110 | (19,415 | ) |
| Medtronic PLC | Call | 11/11/16 | USD | 87.00 | 150 | (21,000 | ) |
| Mosaic Co. | Call | 11/11/16 | USD | 26.00 | 220 | (14,080 | ) |
| Vodafone Group PLC ADR | Call | 11/11/16 | USD | 30.00 | 350 | (18,200 | ) |
| Acuity Brands, Inc. | Call | 11/18/16 | USD | 270.00 | 60 | (51,000 | ) |
| Alibaba Group Holding Ltd. ADR | Call | 11/18/16 | USD | 105.00 | 81 | (47,790 | ) |
| Altria Group, Inc. | Call | 11/18/16 | USD | 65.00 | 220 | (14,850 | ) |
| Amgen, Inc. | Call | 11/18/16 | USD | 170.00 | 27 | (10,395 | ) |
| Apple, Inc. | Call | 11/18/16 | USD | 120.00 | 95 | (13,062 | ) |
| Cigna Corp. | Call | 11/18/16 | USD | 135.00 | 47 | (13,301 | ) |
| Citigroup, Inc. | Call | 11/18/16 | USD | 47.50 | 195 | (31,492 | ) |
| Comcast Corp., Class A | Call | 11/18/16 | USD | 67.50 | 165 | (18,975 | ) |
| Duke Energy Corp. | Call | 11/18/16 | USD | 82.50 | 119 | (10,115 | ) |
| EOG Resources, Inc. | Call | 11/18/16 | USD | 95.00 | 102 | (53,040 | ) |
| EOG Resources, Inc. | Call | 11/18/16 | USD | 97.50 | 14 | (5,390 | ) |
| Facebook, Inc., Class A | Call | 11/18/16 | USD | 130.00 | 311 | (129,065 | ) |
| Hess Corp. | Call | 11/18/16 | USD | 52.50 | 150 | (58,500 | ) |
| Lowes Cos., Inc. | Call | 11/18/16 | USD | 72.50 | 113 | (22,544 | ) |
| Lowes Cos., Inc. | Call | 11/18/16 | USD | 75.00 | 112 | (10,920 | ) |
| Macquarie Infrastructure Corp. | Call | 11/18/16 | USD | 85.00 | 220 | (37,400 | ) |
| Merck & Co., Inc. | Call | 11/18/16 | USD | 65.00 | 310 | (25,885 | ) |
| PayPal Holdings, Inc. | Call | 11/18/16 | USD | 41.00 | 421 | (70,939 | ) |
| Pioneer Natural Resources Co. | Call | 11/18/16 | USD | 195.00 | 55 | (27,500 | ) |
| PPL Corp. | Call | 11/18/16 | USD | 37.00 | 179 | (2,685 | ) |
| Starbucks Corp. | Call | 11/18/16 | USD | 55.00 | 373 | (44,387 | ) |
| Starbucks Corp. | Call | 11/18/16 | USD | 57.50 | 227 | (9,307 | ) |
| SVB Financial Group | Call | 11/18/16 | USD | 110.00 | 185 | (111,925 | ) |
| Teva Pharmaceutical Industries Ltd. ADR | Call | 11/18/16 | USD | 52.50 | 93 | (2,139 | ) |
| Union Pacific Corp. | Call | 11/18/16 | USD | 95.00 | 109 | (50,412 | ) |
| UnitedHealth Group, Inc. | Call | 11/18/16 | USD | 140.00 | 75 | (28,312 | ) |
| Vulcan Materials Co. | Call | 11/18/16 | USD | 115.00 | 70 | (29,750 | ) |
| Vulcan Materials Co. | Call | 12/08/16 | USD | 116.00 | 70 | (31,500 | ) |
| Total | $ (5,595,309 | ) |
OTC Options Written
| Description — Lam Research Corp. | Call | Counterparty — Deutsche Bank AG | Expiration Date — 10/03/16 | Strike Price — USD | 89.90 | 19,000 | Value — $ (92,945 | ) |
|---|---|---|---|---|---|---|---|---|
| AstraZeneca PLC | Call | Morgan Stanley & Co. International PLC | 10/04/16 | GBP | 50.52 | 20,900 | (6,807 | ) |
| GlaxoSmithKline PLC | Call | Morgan Stanley & Co. International PLC | 10/04/16 | GBP | 17.07 | 63,000 | (11 | ) |
| Unilever PLC | Call | Morgan Stanley & Co. International PLC | 10/04/16 | GBP | 35.67 | 74,000 | (89,346 | ) |
| Alps Electric Co. Ltd. | Call | UBS AG | 10/05/16 | JPY | 2,382.60 | 63,000 | (60,802 | ) |
| Anheuser-Busch InBev SA | Call | Bank of America N.A. | 10/05/16 | EUR | 113.10 | 29,000 | (137,221 | ) |
| Anheuser-Busch InBev SA | Call | UBS AG | 10/05/16 | EUR | 114.23 | 11,700 | (41,818 | ) |
| Atlantia SpA | Call | Credit Suisse International | 10/05/16 | EUR | 22.61 | 42,000 | (10,120 | ) |
| BAE Systems PLC | Call | Morgan Stanley & Co. International PLC | 10/05/16 | GBP | 5.35 | 138,000 | (2,114 | ) |
| Cellnex Telecom SA | Call | Credit Suisse International | 10/05/16 | EUR | 16.19 | 59,700 | (10,886 | ) |
| Eni SpA | Call | Credit Suisse International | 10/05/16 | EUR | 13.82 | 44,000 | (32 | ) |
| FANUC Corp. | Call | Bank of America N.A. | 10/05/16 | JPY | 17,765.78 | 15,000 | (2,441 | ) |
| Koninklijke Philips NV | Call | UBS AG | 10/05/16 | EUR | 25.22 | 79,000 | (101,462 | ) |
| Metro Bank PLC | Call | Morgan Stanley & Co. International PLC | 10/05/16 | GBP | 25.28 | 4,126 | (12,381 | ) |
| Roche Holding AG | Call | UBS AG | 10/05/16 | CHF | 248.45 | 8,000 | (1,996 | ) |
| BankUnited, Inc. | Call | Deutsche Bank AG | 10/06/16 | USD | 31.54 | 50,000 | (1,662 | ) |
| Boston Scientific Corp. | Call | Deutsche Bank AG | 10/06/16 | USD | 24.54 | 44,200 | (2,126 | ) |
| LG Chem Ltd. | Call | UBS AG | 10/06/16 | KRW | 272,690.62 | 10,800 | (109 | ) |
| Xero Ltd. | Call | Deutsche Bank AG | 10/06/16 | NZD | 20.10 | 14,400 | (887 | ) |
6 SEPTEMBER 30, 2016
Schedule of Investments (continued) BlackRock Global Opportunities Equity Trust (BOE)
| Description — Statoil ASA | Call | Counterparty — Bank of America N.A. | Expiration Date — 10/07/16 | Strike Price — NOK | 140.26 | 65,000 | Value — $ (4,367 | ) |
|---|---|---|---|---|---|---|---|---|
| UBS Group AG | Call | Morgan Stanley & Co. International PLC | 10/07/16 | CHF | 13.02 | 89,000 | (34,525 | ) |
| Cellnex Telecom SA | Call | Bank of America N.A. | 10/11/16 | EUR | 15.78 | 40,000 | (21,375 | ) |
| Eni SpA | Call | Credit Suisse International | 10/11/16 | EUR | 13.90 | 18,000 | (677 | ) |
| Imperial Brands PLC | Call | Morgan Stanley & Co. International PLC | 10/11/16 | GBP | 41.70 | 40,000 | (2,748 | ) |
| Kennedy-Wilson Holdings, Inc. | Call | Barclays Bank PLC | 10/11/16 | USD | 21.80 | 32,000 | (37,472 | ) |
| Koninklijke Philips NV | Call | UBS AG | 10/11/16 | EUR | 25.43 | 79,000 | (92,273 | ) |
| Largan Precision Co. Ltd. | Call | Morgan Stanley & Co. International PLC | 10/11/16 | TWD | 3,926.00 | 30,000 | (49,382 | ) |
| Lloyds Banking Group PLC | Call | Deutsche Bank AG | 10/11/16 | GBP | 0.56 | 888,000 | (5,557 | ) |
| Naspers Ltd., N Shares | Call | UBS AG | 10/11/16 | ZAR | 2,258.99 | 18,100 | (153,185 | ) |
| Nestle SA | Call | Credit Suisse International | 10/11/16 | CHF | 78.97 | 42,500 | (3,907 | ) |
| Taiwan Semiconductor Manufacturing Co. Ltd. | Call | Morgan Stanley & Co. International PLC | 10/11/16 | TWD | 178.77 | 386,000 | (71,769 | ) |
| WestRock Co. | Call | UBS AG | 10/11/16 | USD | 44.30 | 41,600 | (176,372 | ) |
| Xero Ltd. | Call | Deutsche Bank AG | 10/11/16 | NZD | 20.70 | 37,000 | (1,603 | ) |
| AIA Group Ltd. | Call | Citibank N.A. | 10/12/16 | HKD | 49.84 | 247,000 | (80,215 | ) |
| Cellnex Telecom SA | Call | Credit Suisse International | 10/12/16 | EUR | 16.02 | 67,500 | (26,014 | ) |
| Crown Holdings, Inc. | Call | Bank of America N.A. | 10/12/16 | USD | 55.20 | 16,000 | (38,927 | ) |
| Crown Holdings, Inc. | Call | Deutsche Bank AG | 10/12/16 | USD | 54.65 | 7,000 | (19,829 | ) |
| SoftBank Group Corp. | Call | Goldman Sachs International | 10/12/16 | JPY | 6,112.02 | 44,000 | (221,489 | ) |
| Sony Corp. | Call | JPMorgan Chase Bank N.A. | 10/12/16 | JPY | 3,475.22 | 59,000 | (19,347 | ) |
| Anheuser-Busch InBev SA | Call | UBS AG | 10/13/16 | EUR | 115.33 | 10,200 | (33,196 | ) |
| Assured Guaranty Ltd. | Call | Morgan Stanley & Co. International PLC | 10/13/16 | USD | 27.75 | 46,200 | (17,611 | ) |
| Eni SpA | Call | Bank of America N.A. | 10/13/16 | EUR | 13.95 | 121,000 | (577 | ) |
| Galp Energia SGPS SA | Call | Morgan Stanley & Co. International PLC | 10/13/16 | EUR | 13.42 | 170,000 | (760 | ) |
| Lam Research Corp. | Call | Morgan Stanley & Co. International PLC | 10/13/16 | USD | 93.83 | 31,000 | (85,274 | ) |
| Metro Bank PLC | Call | Morgan Stanley & Co. International PLC | 10/13/16 | GBP | 24.55 | 20,000 | (81,061 | ) |
| Samsonite International SA | Call | Bank of America N.A. | 10/13/16 | HKD | 23.55 | 301,800 | (62,776 | ) |
| Aramark | Call | Deutsche Bank AG | 10/14/16 | USD | 37.74 | 47,000 | (40,446 | ) |
| Public Service Enterprise Group, Inc. | Call | Goldman Sachs International | 10/17/16 | USD | 44.23 | 36,500 | (3,048 | ) |
| AIA Group Ltd. | Call | Citibank N.A. | 10/19/16 | HKD | 49.24 | 247,000 | (98,175 | ) |
| AstraZeneca PLC | Call | Morgan Stanley & Co. International PLC | 10/19/16 | GBP | 49.16 | 4,500 | (8,415 | ) |
| Atlantia SpA | Call | Credit Suisse International | 10/19/16 | EUR | 22.90 | 41,000 | (10,923 | ) |
| Diageo PLC | Call | UBS AG | 10/19/16 | GBP | 22.07 | 109,000 | (52,127 | ) |
| Samsonite International SA | Call | Bank of America N.A. | 10/19/16 | HKD | 25.24 | 128,100 | (11,147 | ) |
| SoftBank Group Corp. | Call | Goldman Sachs International | 10/19/16 | JPY | 7,093.80 | 33,200 | (12,980 | ) |
| Taiwan Semiconductor Manufacturing Co. Ltd. | Call | Citibank N.A. | 10/19/16 | TWD | 183.04 | 393,000 | (57,476 | ) |
| Xero Ltd. | Call | UBS AG | 10/19/16 | NZD | 20.39 | 14,400 | (1,959 | ) |
| Crown Holdings, Inc. | Call | Bank of America N.A. | 10/20/16 | USD | 55.20 | 32,200 | (88,640 | ) |
| Statoil ASA | Call | Deutsche Bank AG | 10/20/16 | NOK | 133.70 | 55,000 | (27,585 | ) |
| Sumitomo Mitsui Financial Group, Inc. | Call | JPMorgan Chase Bank N.A. | 10/20/16 | JPY | 3,672.00 | 82,500 | (20,737 | ) |
| Unilever PLC | Call | Bank of America N.A. | 10/20/16 | GBP | 36.64 | 48,200 | (37,971 | ) |
| ASML Holding NV | Call | UBS AG | 10/25/16 | EUR | 93.99 | 26,900 | (147,245 | ) |
| BAE Systems PLC | Call | UBS AG | 10/25/16 | GBP | 5.62 | 256,000 | (404 | ) |
| Cellnex Telecom SA | Call | Morgan Stanley & Co. International PLC | 10/25/16 | EUR | 16.24 | 68,400 | (27,717 | ) |
| Eni SpA | Call | Credit Suisse International | 10/25/16 | EUR | 14.24 | 43,800 | (333 | ) |
| Koninklijke Philips NV | Call | Credit Suisse International | 10/25/16 | EUR | 25.97 | 43,000 | (39,696 | ) |
| Lloyds Banking Group PLC | Call | Credit Suisse International | 10/25/16 | GBP | 0.57 | 1,125,000 | (14,057 | ) |
| Nestle SA | Call | UBS AG | 10/25/16 | CHF | 79.87 | 32,000 | (3,250 | ) |
| Samsonite International SA | Call | UBS AG | 10/25/16 | HKD | 26.42 | 240,000 | (11,382 | ) |
| Statoil ASA | Call | Goldman Sachs International | 10/25/16 | NOK | 138.12 | 66,100 | (22,109 | ) |
| Unibail-Rodamco SE REIT | Call | Morgan Stanley & Co. International PLC | 10/25/16 | EUR | 252.54 | 11,400 | (7,323 | ) |
| Diageo PLC | Call | Morgan Stanley & Co. International PLC | 10/26/16 | GBP | 20.98 | 47,000 | (73,351 | ) |
| FANUC Corp. | Call | Bank of America N.A. | 10/26/16 | JPY | 17,213.25 | 18,000 | (99,845 | ) |
| Nordea Bank AB | Call | Goldman Sachs International | 10/26/16 | SEK | 84.74 | 150,000 | (35,043 | ) |
| AstraZeneca PLC | Call | UBS AG | 10/27/16 | GBP | 52.14 | 23,500 | (12,595 | ) |
| BankUnited, Inc. | Call | Deutsche Bank AG | 10/27/16 | USD | 31.94 | 34,000 | (6,233 | ) |
| Centene Corp. | Call | Goldman Sachs International | 10/27/16 | USD | 69.35 | 43,000 | (72,790 | ) |
| GlaxoSmithKline PLC | Call | UBS AG | 10/27/16 | GBP | 16.48 | 63,000 | (21,672 | ) |
| Imperial Brands PLC | Call | Credit Suisse International | 10/27/16 | GBP | 41.29 | 37,300 | (13,414 | ) |
| Kennedy-Wilson Holdings, Inc. | Call | Barclays Bank PLC | 10/27/16 | USD | 21.93 | 55,100 | (51,751 | ) |
SEPTEMBER 30, 2016 7
Schedule of Investments (continued) BlackRock Global Opportunities Equity Trust (BOE)
| Description — Lloyds Banking Group PLC | Call | UBS AG | Expiration Date — 10/27/16 | GBP | 0.60 | 800,000 | Value — $ (1,419 | ) |
|---|---|---|---|---|---|---|---|---|
| UBS Group AG | Call | Credit Suisse International | 10/27/16 | CHF | 13.66 | 89,000 | (20,410 | ) |
| Assured Guaranty Ltd. | Call | Morgan Stanley & Co. International PLC | 10/28/16 | USD | 27.40 | 23,000 | (19,379 | ) |
| Delphi Automotive PLC | Call | Goldman Sachs International | 10/28/16 | USD | 70.49 | 25,000 | (61,719 | ) |
| InterXion Holding NV | Call | UBS AG | 10/28/16 | USD | 38.14 | 59,900 | (25,072 | ) |
| Kellogg Co. | Call | Citibank N.A. | 10/28/16 | USD | 80.44 | 32,000 | (17,326 | ) |
| Aramark | Call | Wells Fargo Bank N.A. | 11/01/16 | USD | 37.15 | 48,000 | (67,660 | ) |
| Fairfax Financial Holdings Ltd. | Call | Morgan Stanley & Co. International PLC | 11/01/16 | CAD | 738.00 | 3,200 | (93,540 | ) |
| Kennedy-Wilson Holdings, Inc. | Call | Deutsche Bank AG | 11/01/16 | USD | 21.83 | 32,000 | (52,493 | ) |
| Sony Corp. | Call | Goldman Sachs International | 11/01/16 | JPY | 3,401.68 | 110,000 | (111,782 | ) |
| AIA Group Ltd. | Call | Bank of America N.A. | 11/02/16 | HKD | 51.92 | 138,000 | (23,725 | ) |
| Cellnex Telecom SA | Call | Morgan Stanley & Co. International PLC | 11/02/16 | EUR | 16.03 | 54,000 | (31,252 | ) |
| Galp Energia SGPS SA | Call | Credit Suisse International | 11/02/16 | EUR | 11.78 | 55,000 | (37,347 | ) |
| Galp Energia SGPS SA | Call | Goldman Sachs International | 11/02/16 | EUR | 12.50 | 143,000 | (39,376 | ) |
| Nintendo Co. Ltd. | Call | JPMorgan Chase Bank N.A. | 11/02/16 | JPY | 28,514.10 | 4,800 | (45,306 | ) |
| Samsonite International SA | Call | UBS AG | 11/02/16 | HKD | 24.89 | 156,000 | (21,475 | ) |
| Snam SpA | Call | Morgan Stanley & Co. International PLC | 11/02/16 | EUR | 4.94 | 342,100 | (41,475 | ) |
| SoftBank Group Corp. | Call | JPMorgan Chase Bank N.A. | 11/02/16 | JPY | 6,832.65 | 44,000 | (59,698 | ) |
| Xero Ltd. | Call | Bank of America N.A. | 11/02/16 | NZD | 20.29 | 14,400 | (3,841 | ) |
| Imperial Brands PLC | Call | Credit Suisse International | 11/03/16 | GBP | 40.00 | 37,000 | (36,249 | ) |
| Kennedy-Wilson Holdings, Inc. | Call | Barclays Bank PLC | 11/03/16 | USD | 22.69 | 32,000 | (23,429 | ) |
| Metro Bank PLC | Call | Goldman Sachs International | 11/03/16 | GBP | 28.06 | 32,000 | (62,090 | ) |
| Statoil ASA | Call | Bank of America N.A. | 11/03/16 | NOK | 129.80 | 151,000 | (142,250 | ) |
| Unilever PLC | Call | Credit Suisse International | 11/03/16 | GBP | 36.02 | 48,100 | (58,625 | ) |
| Adobe Systems, Inc. | Call | Barclays Bank PLC | 11/04/16 | USD | 100.94 | 25,200 | (211,432 | ) |
| Alps Electric Co. Ltd. | Call | UBS AG | 11/04/16 | JPY | 2,574.48 | 63,000 | (60,975 | ) |
| Atlantia SpA | Call | Credit Suisse International | 11/08/16 | EUR | 23.29 | 42,000 | (12,688 | ) |
| GlaxoSmithKline PLC | Call | Bank of America N.A. | 11/08/16 | GBP | 16.46 | 35,000 | (16,700 | ) |
| LG Chem Ltd. | Call | UBS AG | 11/08/16 | KRW | 243,371.00 | 9,000 | (85,118 | ) |
| PPL Corp. | Call | Bank of America N.A. | 11/08/16 | USD | 35.54 | 18,000 | (7,559 | ) |
| Koninklijke Philips NV | Call | Morgan Stanley & Co. International PLC | 11/09/16 | EUR | 26.75 | 100,000 | (87,257 | ) |
| Nintendo Co. Ltd. | Call | Bank of America N.A. | 11/09/16 | JPY | 28,927.45 | 12,000 | (116,978 | ) |
| Nordea Bank AB | Call | UBS AG | 11/09/16 | SEK | 84.54 | 35,000 | (11,100 | ) |
| Samsonite International SA | Call | Bank of America N.A. | 11/09/16 | HKD | 25.65 | 72,000 | (7,148 | ) |
| Xero Ltd. | Call | Deutsche Bank AG | 11/09/16 | NZD | 19.52 | 15,000 | (7,970 | ) |
| BAE Systems PLC | Call | Morgan Stanley & Co. International PLC | 11/10/16 | GBP | 5.29 | 133,000 | (11,831 | ) |
| BankUnited, Inc. | Call | Deutsche Bank AG | 11/10/16 | USD | 31.94 | 34,000 | (10,518 | ) |
| Diageo PLC | Call | Morgan Stanley & Co. International PLC | 11/10/16 | GBP | 22.44 | 47,000 | (20,586 | ) |
| Eni SpA | Call | Bank of America N.A. | 11/10/16 | EUR | 12.94 | 18,000 | (7,386 | ) |
| WestRock Co. | Call | Citibank N.A. | 11/11/16 | USD | 49.08 | 32,000 | (59,261 | ) |
| Concho Resources, Inc. | Call | Morgan Stanley & Co. International PLC | 11/14/16 | USD | 128.00 | 26,700 | (337,204 | ) |
| Anheuser-Busch InBev SA | Call | Bank of America N.A. | 11/15/16 | EUR | 114.38 | 67,000 | (319,830 | ) |
| Aramark | Call | Bank of America N.A. | 11/15/16 | USD | 37.90 | 62,000 | (72,037 | ) |
| Cellnex Telecom SA | Call | Morgan Stanley & Co. International PLC | 11/15/16 | EUR | 16.03 | 80,000 | (53,842 | ) |
| Fairfax Financial Holdings Ltd. | Call | Morgan Stanley & Co. International PLC | 11/15/16 | CAD | 767.73 | 8,000 | (95,947 | ) |
| Metro Bank PLC | Call | UBS AG | 11/15/16 | GBP | 28.17 | 40,000 | (90,338 | ) |
| Nordea Bank AB | Call | Morgan Stanley & Co. International PLC | 11/15/16 | SEK | 85.82 | 180,000 | (49,943 | ) |
| Snam SpA | Call | Credit Suisse International | 11/15/16 | EUR | 4.96 | 342,000 | (41,691 | ) |
| Sumitomo Mitsui Financial Group, Inc. | Call | Morgan Stanley & Co. International PLC | 11/15/16 | JPY | 3,477.18 | 66,000 | (88,156 | ) |
| Naspers Ltd., N Shares | Call | Bank of America N.A. | 11/16/16 | ZAR | 2,435.40 | 18,100 | (84,833 | ) |
| Unibail-Rodamco SE REIT | Call | Morgan Stanley & Co. International PLC | 11/16/16 | EUR | 252.96 | 7,800 | (15,526 | ) |
| Xero Ltd. | Call | Deutsche Bank AG | 11/22/16 | NZD | 19.45 | 15,000 | (9,769 | ) |
| BankUnited, Inc. | Call | Deutsche Bank AG | 11/28/16 | USD | 31.37 | 47,000 | (29,535 | ) |
| Adobe Systems, Inc. | Call | Barclays Bank PLC | 11/29/16 | USD | 100.94 | 25,200 | (229,024 | ) |
| Cellnex Telecom SA | Call | Morgan Stanley & Co. International PLC | 11/29/16 | EUR | 15.98 | 59,700 | (45,027 | ) |
| Total | $ (6,443,440 | ) |
8 SEPTEMBER 30, 2016
Schedule of Investments (continued) BlackRock Global Opportunities Equity Trust (BOE)
Fair Value Hierarchy as of Period End
Various inputs are used in determining the fair value of investments and derivative financial instruments. These inputs to valuation methodologies are categorized into a fair value hierarchy consisting of three broad levels for financial reporting purposes as follows:
Level 1 unadjusted price quotations in active markets/exchanges for identical assets or liabilities that 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. The significant unobservable inputs used by the Global Valuation Committee in determining the price for Fair Valued Investments are typically categorized as Level 3.
Changes in valuation methodologies may result in transfers into or out of an assigned level within the hierarchy. In accordance with the Trusts policy, transfers between different levels of the fair value 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 investments and derivative financial instruments 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, 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:
| Assets: | |||||||
| Investments: | |||||||
| Long-Term Investments: | |||||||
| Common Stocks: | |||||||
| Australia | | | $ | 208,044 | $ 208,044 | ||
| Belgium | | $ 28,212,785 | | 28,212,785 | |||
| Canada | $ 12,016,395 | | | 12,016,395 | |||
| China | 21,681,043 | | | 21,681,043 | |||
| France | | 9,429,111 | | 9,429,111 | |||
| Hong Kong | | 7,726,059 | | 7,726,059 | |||
| India | | 13,386,512 | | 13,386,512 | |||
| Indonesia | | 4,443,003 | | 4,443,003 | |||
| Ireland | 7,672,518 | | | 7,672,518 | |||
| Israel | 4,136,299 | | | 4,136,299 | |||
| Italy | | 19,080,618 | | 19,080,618 | |||
| Japan | | 57,432,039 | | 57,432,039 | |||
| Mexico | 6,498,024 | | | 6,498,024 | |||
| Netherlands | 5,222,924 | 21,583,377 | | 26,806,301 | |||
| New Zealand | | 4,942,252 | | 4,942,252 | |||
| Norway | | 10,292,234 | | 10,292,234 | |||
| Philippines | 4,813,313 | | | 4,813,313 | |||
| Portugal | | 9,186,308 | | 9,186,308 | |||
| South Africa | | 11,448,774 | | 11,448,774 | |||
| South Korea | | 12,807,193 | | 12,807,193 | |||
| Spain | | 14,125,985 | | 14,125,985 | |||
| Sweden | | 6,537,808 | | 6,537,808 | |||
| Switzerland | | 22,687,389 | | 22,687,389 | |||
| Taiwan | | 13,430,076 | | 13,430,076 | |||
| Thailand | 3,551,645 | | | 3,551,645 | |||
| United Kingdom | 22,273,114 | 64,302,622 | | 86,575,736 | |||
| United States | 514,757,853 | 5,264,678 | 3,935,049 | 523,957,580 | |||
| Preferred Stocks | | | 26,089,321 | 26,089,321 | |||
| Short-Term Securities | 10,266,008 | | | 10,266,008 | |||
| Total | $ 612,889,136 | $ 336,318,823 | $ | 30,232,414 | $ 979,440,373 | ||
| Derivative Financial Instruments 1 | |||||||
| Liabilities: | |||||||
| Equity contracts | $ (5,277,114 | ) | $ (6,761,635 | ) | | $ (12,038,749 | ) |
| 1 Derivative financial instruments are options written, which are shown at value. |
SEPTEMBER 30, 2016 9
Schedule of Investments (concluded) BlackRock Global Opportunities Equity Trust (BOE)
The Trust may hold assets and/or liabilities in which the fair value approximates the carrying amount for financial reporting purposes. As of period end, such assets and/or liabilities are categorized within the disclosure hierarchy as follows:
| Level 1 | Level 2 | Total | ||||
|---|---|---|---|---|---|---|
| Assets: | ||||||
| Foreign currency at value | $ 2,695,547 | | | $ 2,695,547 | ||
| Liabilities: | ||||||
| Bank overdraft | | $ (194,291 | ) | | (194,291 | ) |
| Total | $ 2,695,547 | $ (194,291 | ) | | $ 2,501,256 | |
| Transfers between Level 1 and Level 2 were as follow: | ||||||
| Transfers into Level 1 1 | Transfers out of Level 1 2 | Transfers into Level 2 2 | Transfers out of Level 2 1 | |||
| Assets: | ||||||
| Investments: | ||||||
| Long-Term Investments: | ||||||
| Common Stocks | $ 8,123,988 | $ (31,036,968) | $ 31,036,968 | $ (8,123,988) |
1 External pricing service used to reflect any significant market movements between the time the Fund valued such foreign securities and the earlier closing of foreign markets.
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, 2015 | $ 9,185,948 | $ 26,668,421 | $ 35,854,369 | |||
| Transfers into Level 3 | 639,954 | | 639,954 | |||
| Transfers out of Level 3 | (5,237,738 | ) | | (5,237,738 | ) | |
| Accrued discounts/premiums | | | | |||
| Net realized gain (loss) | | | | |||
| Net change in unrealized | ||||||
| appreciation/depreciation 1 | (445,071 | ) | (579,100 | ) | (1,024,171 | ) |
| Purchases | | | | |||
| Sales | | | | |||
| Closing Balance, as of September 30, 2016 | $ 4,143,093 | $ 26,089,321 | $ 30,232,414 | |||
| Net change in unrealized appreciation/depreciation on investments still held at September 30, 2016 1 | $ (445,071 | ) | $ (579,100 | ) | $ (1,024,171 | ) |
1 Any difference between net change in unrealized appreciation (depreciation) and net change in unrealized appreciation (depreciation) on investments still held at September 30, 2016 is generally due to investments no longer held or categorized as Level 3 at period end.
The following table summarizes the valuation methodologies 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 period end. The table does not include Level 3 investments with values based upon unadjusted third party pricing information in the amount of $208,044.
| Value | |||||
|---|---|---|---|---|---|
| Assets: | |||||
| Common Stocks | $ 3,935,049 | Market Approach | Tangible Book Value Multiple 1 | 1.60x | |
| Preferred Stocks | 26,089,321 | Market Approach | Discount Rate | 25.00% | |
| Revenue Growth Rate 1 | 84.00% - 127.00% | 104.93% | |||
| Revenue Multiple 1 | 11.50x - 19.21x | 15.07x | |||
| Scenario Probability | 25.00% - 70.00% | | |||
| Time to Exit 2 | 1-2 years | | |||
| Total | $ 30,024,370 |
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 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 SEPTEMBER 30, 2016
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: November 22, 2016 | |
| 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: November 22, 2016 | |
| By: | /s/ Neal J. Andrews |
| Neal J. Andrews | |
| Chief Financial Officer (principal financial officer) of | |
| BlackRock Global Opportunities Equity Trust | |
| Date: November 22, 2016 |
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