Regulatory Filings • May 23, 2016
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Download Source FileN-Q 1 d138013dnq.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: 03/31/2016
Item 1 Schedule of Investments
| Schedule of Investments March 31, 2016 (Unaudited) |
|---|
| (Percentages shown are based on Net Assets) |
| Common Stocks | Value | |
|---|---|---|
| Australia 0.1% | ||
| Ensogo Ltd. (a) | 418,198 | $ 544,021 |
| Belgium 2.7% | ||
| Anheuser-Busch InBev SA | 175,332 | 21,782,736 |
| Delhaize Group | 35,369 | 3,686,194 |
| 25,468,930 | ||
| Canada 2.2% | ||
| Encana Corp. (b) | 852,527 | 5,198,856 |
| Fairfax Financial Holdings Ltd. | 17,308 | 9,689,415 |
| Royal Bank of Canada (b) | 103,000 | 5,934,545 |
| 20,822,816 | ||
| China 1.1% | ||
| Alibaba Group Holding Ltd. ADR (a)(b)(c) | 132,980 | 10,509,409 |
| France 2.2% | ||
| Amundi SA (a)(d) | 73,300 | 3,483,815 |
| Unibail-Rodamco SE REIT | 38,990 | 10,693,236 |
| Vivendi SA | 295,950 | 6,202,222 |
| 20,379,273 | ||
| Germany 0.2% | ||
| Scout24 AG (a)(d) | 45,100 | 1,560,805 |
| Hong Kong 0.7% | ||
| AIA Group Ltd. | 1,148,900 | 6,530,375 |
| India 1.6% | ||
| Bharti Infratel Ltd. | 1,032,544 | 5,955,258 |
| HDFC Bank Ltd. | 490,682 | 9,311,643 |
| 15,266,901 | ||
| Indonesia 0.5% | ||
| Matahari Department Store Tbk PT | 3,129,023 | 4,329,834 |
| Ireland 1.3% | ||
| Green REIT PLC | 4,694,157 | 7,524,368 |
| Shire PLC ADR (b) | 25,560 | 4,393,764 |
| 11,918,132 | ||
| Italy 2.2% | ||
| Atlantia SpA | 227,100 | 6,292,310 |
| Eni SpA | 445,200 | 6,723,734 |
| Snam SpA | 1,243,900 | 7,784,370 |
| 20,800,414 | ||
| Japan 4.2% | ||
| Alps Electric Co. Ltd. | 228,000 | 3,978,401 |
| FANUC Corp. | 35,800 | 5,544,295 |
| Nintendo Co. Ltd. | 46,600 | 6,624,109 |
| Panasonic Corp. | 457,500 | 4,143,472 |
| SoftBank Group Corp. | 144,000 | 6,887,527 |
| Sony Corp. | 214,400 | 5,512,469 |
| Sumitomo Mitsui Financial Group, Inc. | 200,200 | 6,077,607 |
| 38,767,880 |
| Common Stocks | Value | |
|---|---|---|
| Mexico 0.7% | ||
| Fomento Economico Mexicano SAB de CV ADR (b) | 70,600 | $ 6,799,486 |
| Netherlands 2.5% | ||
| ASML Holding NV | 49,027 | 4,933,815 |
| InterXion Holding NV (a)(b) | 144,200 | 4,986,436 |
| Koninklijke Philips NV | 304,440 | 8,671,482 |
| Royal Dutch Shell PLC, B Shares | 201,290 | 4,898,331 |
| 23,490,064 | ||
| New Zealand 0.4% | ||
| Xero Ltd. (a) | 350,000 | 3,729,743 |
| Norway 0.7% | ||
| Statoil ASA | 439,260 | 6,860,520 |
| Peru 0.5% | ||
| Credicorp Ltd. | 37,479 | 4,910,124 |
| Portugal 0.9% | ||
| Galp Energia SGPS SA | 672,400 | 8,443,259 |
| South Africa 1.0% | ||
| Naspers Ltd., N Shares | 66,150 | 9,221,294 |
| South Korea 0.5% | ||
| LG Chem Ltd. | 15,100 | 4,333,567 |
| Spain 1.3% | ||
| Cellnex Telecom SAU (d) | 780,578 | 12,444,851 |
| Sweden 0.5% | ||
| Nordea Bank AB | 531,258 | 5,095,776 |
| Switzerland 3.1% | ||
| Adecco SA | 90,700 | 5,900,141 |
| Nestle SA | 135,934 | 10,143,500 |
| Roche Holding AG | 30,320 | 7,444,781 |
| UBS Group AG | 366,789 | 5,900,181 |
| 29,388,603 | ||
| Taiwan 1.7% | ||
| Catcher Technology Co. Ltd. | 327,000 | 2,680,013 |
| Largan Precision Co. Ltd. | 74,000 | 5,735,675 |
| Taiwan Semiconductor Manufacturing Co. Ltd. | 1,416,000 | 7,062,773 |
| 15,478,461 | ||
| United Kingdom 13.2% | ||
| AstraZeneca PLC | 165,700 | 9,251,304 |
| BAE Systems PLC | 1,150,970 | 8,395,475 |
| Delphi Automotive PLC (b) | 91,710 | 6,880,084 |
| Diageo PLC | 369,800 | 9,971,276 |
| GlaxoSmithKline PLC | 292,400 | 5,919,109 |
| Imperial Brands PLC | 135,160 | 7,483,415 |
| Lloyds Banking Group PLC | 9,380,140 | 9,136,213 |
| Metro Bank PLC (a) | 271,008 | 7,317,597 |
| Nomad Foods Ltd. (a) | 813,129 | 7,326,292 |
| 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 | South 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, 2016 1
Schedule of Investments (continued) BlackRock Global Opportunities Equity Trust (BOE)
| Common Stocks | Value | |
|---|---|---|
| United Kingdom (continued) | ||
| Prudential PLC | 261,260 | $ 4,861,633 |
| Reckitt Benckiser Group PLC | 61,809 | 5,961,870 |
| SABMiller PLC | 149,200 | 9,112,787 |
| Unilever PLC | 309,520 | 13,957,063 |
| Vodafone Group PLC ADR (b) | 286,910 | 9,195,466 |
| Worldpay Group PLC (a)(d) | 2,163,100 | 8,522,066 |
| 123,291,650 | ||
| United States 47.6% | ||
| Acuity Brands, Inc. (b)(e) | 21,650 | 4,722,730 |
| Adobe Systems, Inc. (a)(b) | 91,820 | 8,612,716 |
| Allergan PLC (a)(b) | 15,700 | 4,208,071 |
| Alphabet, Inc., Class A (a)(b) | 13,714 | 10,462,411 |
| Alphabet, Inc., Class C (a)(b)(e) | 23,652 | 17,619,557 |
| Altria Group, Inc. (b) | 178,810 | 11,204,235 |
| Amazon.com, Inc. (a)(b) | 14,060 | 8,346,578 |
| American Airlines Group, Inc. (b) | 153,730 | 6,304,467 |
| Amgen, Inc. (b) | 32,000 | 4,797,760 |
| Apple, Inc. (b)(e) | 145,500 | 15,858,045 |
| Aramark | 284,920 | 9,436,550 |
| Assured Guaranty Ltd. | 167,992 | 4,250,198 |
| AT&T Inc. (b) | 198,500 | 7,775,245 |
| BankUnited, Inc. | 217,563 | 7,492,870 |
| Best Buy Co., Inc. (b) | 171,810 | 5,573,516 |
| Boston Scientific Corp. (a)(e) | 557,387 | 10,484,449 |
| Celgene Corp. (a)(b) | 70,300 | 7,036,327 |
| Cigna Corp. (b) | 34,000 | 4,666,160 |
| Citigroup, Inc. (b)(e) | 262,208 | 10,947,184 |
| Comcast Corp., Class A (b)(e) | 176,200 | 10,762,296 |
| Concho Resources, Inc. (a)(b) | 77,330 | 7,813,423 |
| Crown Holdings, Inc. (a)(b) | 100,370 | 4,977,348 |
| Discover Financial Services (b) | 97,300 | 4,954,516 |
| Eastman Chemical Co. (b) | 96,990 | 7,005,588 |
| Enterprise Products Partners LP (b) | 231,300 | 5,694,606 |
| EOG Resources, Inc. (b) | 105,370 | 7,647,755 |
| Facebook, Inc., Class A (a)(b) | 109,100 | 12,448,310 |
| FirstEnergy Corp. (b) | 309,600 | 11,136,312 |
| Hain Celestial Group, Inc. (a)(b) | 105,362 | 4,310,359 |
| Hartford Financial Services Group, Inc. (b) | 232,330 | 10,705,766 |
| Hortonworks, Inc. (a)(e) | 448,047 | 5,062,931 |
| Humana, Inc. (b) | 29,600 | 5,415,320 |
| Kennedy-Wilson Holdings, Inc. | 325,848 | 7,136,071 |
| Lam Research Corp. | 68,100 | 5,625,060 |
| Lowes Cos., Inc. (b) | 109,830 | 8,319,624 |
| Macquarie Infrastructure Corp. (b) | 79,140 | 5,337,202 |
| MasterCard, Inc., Class A (b)(e) | 136,960 | 12,942,720 |
| McDonalds Corp. (b)(e) | 147,300 | 18,512,664 |
| Medtronic PLC (b) | 144,183 | 10,813,725 |
| Merck & Co., Inc. (b) | 109,910 | 5,815,338 |
| Micron Technology, Inc. (a)(b) | 242,100 | 2,534,787 |
| Mondelez International, Inc., Class A (b) | 211,230 | 8,474,548 |
| Monsanto Co. (b) | 52,600 | 4,615,124 |
| Pioneer Natural Resources Co. (b) | 43,000 | 6,051,820 |
| Platform Specialty Products Corp. (a) | 484,673 | 4,168,188 |
| PPL Corp. (b) | 192,700 | 7,336,089 |
| Priceline Group, Inc. (a)(b) | 4,600 | 5,929,216 |
| Public Service Enterprise Group, Inc. (b) | 234,730 | 11,065,172 |
| Roper Industries, Inc. (b) | 31,639 | 5,782,660 |
| Samsonite International SA | 1,632,800 | 5,469,160 |
| Sherwin-Williams Co. (b) | 21,800 | 6,205,806 |
| St. Jude Medical, Inc. | 9,846 | 541,530 |
| Starbucks Corp. (b) | 90,446 | 5,399,626 |
| Strategic Growth Bancorp. (Acquired 3/10/14, Cost $5,461,692) (a)(f) | 438,690 | 3,820,990 |
| Common Stocks | Shares | Value | |
|---|---|---|---|
| United States (continued) | |||
| Union Pacific Corp. (b) | 77,474 | $ 6,163,057 | |
| UnitedHealth Group, Inc. (b) | 61,687 | 7,951,454 | |
| Walt Disney Co. (b) | 76,500 | 7,597,215 | |
| WestRock Co. | 151,600 | 5,916,948 | |
| Whirlpool Corp. (b) | 26,300 | 4,742,942 | |
| WisdomTree Investments, Inc. (b) | 234,370 | 2,678,849 | |
| 444,681,184 | |||
| Total Common Stocks 93.6% | 875,067,372 | ||
| Investment Companies | |||
| United Kingdom 0.5% | |||
| Kennedy Wilson Europe Real Estate PLC | 299,275 | 5,022,236 | |
| Preferred Stocks | |||
| India 0.9% | |||
| Jasper Infotech Private Ltd., Series F (Acquired 5/7/14, Cost $1,888,464), 0.00% (a)(f) | 266 | 6,597,250 | |
| Jasper Infotech Private Ltd., Series G (Acquired 10/29/14, Cost $741,913), 0.00% (a)(f) | 88 | 2,182,549 | |
| 8,779,799 | |||
| United States 1.9% | |||
| Palantir Technologies, Inc., Series I (Acquired 2/7/14, Cost $3,118,944), 0.00% (a)(f) | 508,800 | 5,423,808 | |
| Uber Technologies, Inc., Series D (Acquired 6/6/14, Cost $3,845,800), 0.00% (a)(f) | 247,908 | 12,091,019 | |
| 17,514,827 | |||
| Total Preferred Stocks 2.8% | 26,294,626 | ||
| Total Long Term Investments (Cost $835,594,285) 96.9% | 906,384,234 | ||
| Short-Term Securities | |||
| BlackRock Liquidity Funds, TempFund, Institutional Class, 0.37% (g)(h) | 36,660,550 | 36,660,550 | |
| Beneficial Interest (000) | |||
| BlackRock Liquidity Series, LLC Money Market Series, 0.55% (g)(h)(i) | $ 3,371 | 3,371,099 | |
| Total Short-Term Securities (Cost $40,031,649) 4.3% | 40,031,649 | ||
| Total Investments Before Options | |||
| Written (Cost $875,625,934*) 101.2% | 946,415,883 | ||
| Options Written | |||
| (Premiums Received $11,006,094) (1.4)% | (13,599,947 | ) | |
| Total Investments Net of Options Written 99.8% | 932,815,936 | ||
| Other Assets Less Liabilities 0.2% | 2,211,851 | ||
| Net Assets 100.0% | $ 935,027,787 |
2 MARCH 31, 2016
Schedule of Investments (continued) BlackRock Global Opportunities Equity Trust (BOE)
Notes to Schedule of Investments
| Tax cost | $ | |
|---|---|---|
| Gross unrealized appreciation | $ 115,669,124 | |
| Gross unrealized depreciation | (51,213,465 | ) |
| Net unrealized appreciation | $ 64,455,659 |
(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.
(c) Security, or a portion of security, is on loan.
(d) 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.
(e) All or a portion of security has been pledged as collateral in connection with outstanding OTC derivatives.
(f) Restricted securities as to resale, excluding 144A securities. As of period end, the Trust held restricted securities with a current value of $30,115,616 and an original cost of $15,056,813 which was 3.2% of its net assets.
(g) Current yield as of period end.
(h) During the period ended March 31, 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 | Shares/ Beneficial Interest Held
at December 31, 2015 | Net Activity | Shares/ Beneficial Interest Held at March 31, 2016 | Income | |
| --- | --- | --- | --- | --- | --- |
| BlackRock Liquidity Funds, TempFund, Institutional Class | 6,389,331 | 30,271,219 | 36,660,550 | $ 33,829 | |
| BlackRock Liquidity Series, LLC Money Market Series | $ 427,550 | $ 2,943,549 | $ 3,371,099 | $ 1,449 | 1 |
| Total | | | | $ 35,278 | |
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.
(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.
Derivative Financial Instruments Outstanding as of Period End
Exchange-Traded Options Written
| Description — Alibaba Group Holding Ltd. ADR | Call | Expiration Date — 4/01/16 | USD | 70.00 | 126 | Value — $ (114,345 | ) |
|---|---|---|---|---|---|---|---|
| Allergan PLC | Call | 4/01/16 | USD | 290.00 | 6 | (300 | ) |
| Alphabet, Inc., Class C | Call | 4/01/16 | USD | 720.00 | 26 | (64,480 | ) |
| American Airlines Group, Inc. | Call | 4/01/16 | USD | 43.00 | 141 | (141 | ) |
| Apple, Inc. | Call | 4/01/16 | USD | 103.00 | 95 | (57,000 | ) |
| AT&T Inc. | Call | 4/01/16 | USD | 37.50 | 549 | (91,958 | ) |
| Best Buy Co., Inc. | Call | 4/01/16 | USD | 34.05 | 315 | (1,890 | ) |
| Citigroup, Inc. | Call | 4/01/16 | USD | 42.50 | 271 | (1,355 | ) |
| Enterprise Products Partners LP | Call | 4/01/16 | USD | 25.00 | 580 | (5,800 | ) |
| Enterprise Products Partners LP | Call | 4/01/16 | USD | 25.50 | 580 | (2,900 | ) |
| Facebook, Inc., Class A | Call | 4/01/16 | USD | 106.00 | 350 | (284,375 | ) |
| Medtronic PLC | Call | 4/01/16 | USD | 75.00 | 280 | (8,120 | ) |
| Merck & Co., Inc. | Call | 4/01/16 | USD | 52.00 | 30 | (2,865 | ) |
| Starbucks Corp. | Call | 4/01/16 | USD | 59.00 | 85 | (6,375 | ) |
| Starbucks Corp. | Call | 4/01/16 | USD | 60.00 | 75 | (900 | ) |
| UnitedHealth Group, Inc. | Call | 4/01/16 | USD | 122.00 | 35 | (24,150 | ) |
| Alibaba Group Holding Ltd. ADR | Call | 4/08/16 | USD | 73.50 | 70 | (39,375 | ) |
| Alphabet, Inc., Class C | Call | 4/08/16 | USD | 720.00 | 39 | (102,375 | ) |
| Altria Group, Inc. | Call | 4/08/16 | USD | 63.00 | 197 | (6,698 | ) |
| Amazon.com, Inc. | Call | 4/08/16 | USD | 580.00 | 73 | (127,932 | ) |
| American Airlines Group, Inc. | Call | 4/08/16 | USD | 43.00 | 142 | (1,278 | ) |
| Apple, Inc. | Call | 4/08/16 | USD | 100.00 | 95 | (85,975 | ) |
| Best Buy Co., Inc. | Call | 4/08/16 | USD | 34.55 | 315 | (788 | ) |
| Celgene Corp. | Call | 4/08/16 | USD | 107.00 | 289 | (3,179 | ) |
| Citigroup, Inc. | Call | 4/08/16 | USD | 44.50 | 67 | (201 | ) |
MARCH 31, 2016 3
Schedule of Investments (continued) BlackRock Global Opportunities Equity Trust (BOE)
| Description — Citigroup, Inc. | Call | Expiration Date — 4/08/16 | USD | 45.00 | 68 | Value — $ (136 | ) |
|---|---|---|---|---|---|---|---|
| Comcast Corp., Class A | Call | 4/08/16 | USD | 59.50 | 81 | (13,486 | ) |
| Comcast Corp., Class A | Call | 4/08/16 | USD | 60.00 | 103 | (12,824 | ) |
| Discover Financial Services | Call | 4/08/16 | USD | 50.00 | 270 | (31,725 | ) |
| EOG Resources, Inc. | Call | 4/08/16 | USD | 77.00 | 76 | (1,938 | ) |
| Facebook, Inc., Class A | Call | 4/08/16 | USD | 113.00 | 22 | (4,653 | ) |
| Facebook, Inc., Class A | Call | 4/08/16 | USD | 114.00 | 43 | (6,558 | ) |
| Facebook, Inc., Class A | Call | 4/08/16 | USD | 115.00 | 21 | (2,184 | ) |
| MasterCard, Inc., Class A | Call | 4/08/16 | USD | 89.50 | 187 | (95,370 | ) |
| McDonalds Corp. | Call | 4/08/16 | USD | 120.00 | 185 | (108,688 | ) |
| Medtronic PLC | Call | 4/08/16 | USD | 77.50 | 188 | (752 | ) |
| Merck & Co., Inc. | Call | 4/08/16 | USD | 52.50 | 97 | (7,130 | ) |
| Merck & Co., Inc. | Call | 4/08/16 | USD | 53.00 | 96 | (4,128 | ) |
| Micron Technology, Inc. | Call | 4/08/16 | USD | 13.00 | 495 | (495 | ) |
| Monsanto Co. | Call | 4/08/16 | USD | 96.00 | 80 | (1,680 | ) |
| Pioneer Natural Resources Co. | Call | 4/08/16 | USD | 131.00 | 42 | (43,050 | ) |
| Starbucks Corp. | Call | 4/08/16 | USD | 60.00 | 75 | (3,488 | ) |
| UnitedHealth Group, Inc. | Call | 4/08/16 | USD | 122.00 | 195 | (141,862 | ) |
| UnitedHealth Group, Inc. | Call | 4/08/16 | USD | 124.00 | 12 | (6,510 | ) |
| Vodafone Group PLC ADR | Call | 4/08/16 | USD | 33.00 | 150 | (1,050 | ) |
| Acuity Brands, Inc. | Call | 4/15/16 | USD | 230.00 | 60 | (23,700 | ) |
| Adobe Systems, Inc. | Call | 4/15/16 | USD | 90.00 | 325 | (139,750 | ) |
| Alibaba Group Holding Ltd. ADR | Call | 4/15/16 | USD | 70.00 | 265 | (243,138 | ) |
| Alphabet, Inc., Class A | Call | 4/15/16 | USD | 745.00 | 16 | (36,640 | ) |
| Alphabet, Inc., Class A | Call | 4/15/16 | USD | 760.00 | 30 | (37,350 | ) |
| Alphabet, Inc., Class C | Call | 4/15/16 | USD | 725.00 | 26 | (62,920 | ) |
| Altria Group, Inc. | Call | 4/15/16 | USD | 62.50 | 193 | (15,150 | ) |
| American Airlines Group, Inc. | Call | 4/15/16 | USD | 43.00 | 71 | (1,704 | ) |
| American Airlines Group, Inc. | Call | 4/15/16 | USD | 44.00 | 70 | (770 | ) |
| Apple, Inc. | Call | 4/15/16 | USD | 100.00 | 95 | (86,925 | ) |
| Cigna Corp. | Call | 4/15/16 | USD | 140.00 | 102 | (19,074 | ) |
| Citigroup, Inc. | Call | 4/15/16 | USD | 45.00 | 184 | (2,392 | ) |
| Comcast Corp., Class A | Call | 4/15/16 | USD | 60.00 | 306 | (42,075 | ) |
| Concho Resources, Inc. | Call | 4/15/16 | USD | 105.00 | 55 | (10,038 | ) |
| Concho Resources, Inc. | Call | 4/15/16 | USD | 110.00 | 110 | (7,700 | ) |
| Delphi Automotive PLC | Call | 4/15/16 | USD | 75.00 | 250 | (40,000 | ) |
| Eastman Chemical Co. | Call | 4/15/16 | USD | 67.50 | 133 | (67,165 | ) |
| Eastman Chemical Co. | Call | 4/15/16 | USD | 72.50 | 133 | (15,628 | ) |
| EOG Resources, Inc. | Call | 4/15/16 | USD | 77.50 | 125 | (5,375 | ) |
| Facebook, Inc., Class A | Call | 4/15/16 | USD | 110.00 | 14 | (6,860 | ) |
| FirstEnergy Corp. | Call | 4/15/16 | USD | 34.00 | 650 | (143,000 | ) |
| Fomento Economico Mexicano SAB de CV ADR | Call | 4/15/16 | USD | 95.00 | 194 | (50,925 | ) |
| Hain Celestial Group, Inc. | Call | 4/15/16 | USD | 42.00 | 200 | (9,500 | ) |
| Hartford Financial Services Group, Inc. | Call | 4/15/16 | USD | 43.00 | 390 | (132,600 | ) |
| Humana, Inc. | Call | 4/15/16 | USD | 180.00 | 32 | (20,800 | ) |
| InterXion Holding NV | Call | 4/15/16 | USD | 33.00 | 393 | (70,740 | ) |
| Lowes Cos., Inc. | Call | 4/15/16 | USD | 70.00 | 305 | (178,425 | ) |
| Lowes Cos., Inc. | Call | 4/15/16 | USD | 75.00 | 186 | (27,342 | ) |
| Macquarie Infrastructure Corp. | Call | 4/15/16 | USD | 70.00 | 215 | (8,062 | ) |
| MasterCard, Inc., Class A | Call | 4/15/16 | USD | 90.00 | 186 | (86,490 | ) |
| McDonalds Corp. | Call | 4/15/16 | USD | 120.00 | 33 | (20,048 | ) |
| Medtronic PLC | Call | 4/15/16 | USD | 77.50 | 150 | (1,725 | ) |
| Merck & Co., Inc. | Call | 4/15/16 | USD | 52.50 | 285 | (25,222 | ) |
| Mondelez International, Inc., Class A | Call | 4/15/16 | USD | 41.00 | 216 | (7,236 | ) |
| Mondelez International, Inc., Class A | Call | 4/15/16 | USD | 42.00 | 236 | (2,832 | ) |
| PPL Corp. | Call | 4/15/16 | USD | 36.00 | 340 | (72,250 | ) |
| PPL Corp. | Call | 4/15/16 | USD | 37.00 | 170 | (20,400 | ) |
| Public Service Enterprise Group, Inc. | Call | 4/15/16 | USD | 45.00 | 236 | (47,200 | ) |
| Roper Industries, Inc. | Call | 4/15/16 | USD | 180.00 | 87 | (34,365 | ) |
| Royal Bank of Canada | Call | 4/15/16 | CAD | 72.00 | 282 | (68,397 | ) |
| Sherwin-Williams Co. | Call | 4/15/16 | USD | 300.00 | 35 | (1,750 | ) |
| Starbucks Corp. | Call | 4/15/16 | USD | 62.50 | 150 | (1,050 | ) |
| Union Pacific Corp. | Call | 4/15/16 | USD | 80.00 | 213 | (26,732 | ) |
| UnitedHealth Group, Inc. | Call | 4/15/16 | USD | 125.00 | 24 | (11,460 | ) |
4 MARCH 31, 2016
Schedule of Investments (continued) BlackRock Global Opportunities Equity Trust (BOE)
| Description — Walt Disney Co. | Call | Expiration Date — 4/15/16 | USD | 100.00 | 187 | Value — $ (17,672 | ) |
|---|---|---|---|---|---|---|---|
| WisdomTree Investments, Inc. | Call | 4/15/16 | USD | 14.00 | 257 | (2,570 | ) |
| Altria Group, Inc. | Call | 4/22/16 | USD | 63.00 | 173 | (12,888 | ) |
| Amazon.com, Inc. | Call | 4/22/16 | USD | 597.50 | 4 | (7,780 | ) |
| Apple, Inc. | Call | 4/22/16 | USD | 104.00 | 95 | (53,675 | ) |
| Best Buy Co., Inc. | Call | 4/22/16 | USD | 35.05 | 315 | (5,355 | ) |
| Citigroup, Inc. | Call | 4/22/16 | USD | 43.50 | 100 | (5,150 | ) |
| Discover Financial Services | Call | 4/22/16 | USD | 50.50 | 270 | (36,450 | ) |
| EOG Resources, Inc. | Call | 4/22/16 | USD | 80.00 | 114 | (3,990 | ) |
| Facebook, Inc., Class A | Call | 4/22/16 | USD | 112.00 | 150 | (66,750 | ) |
| Hartford Financial Services Group, Inc. | Call | 4/22/16 | USD | 46.00 | 370 | (38,295 | ) |
| Medtronic PLC | Call | 4/22/16 | USD | 77.00 | 67 | (2,412 | ) |
| Merck & Co., Inc. | Call | 4/22/16 | USD | 53.50 | 64 | (3,136 | ) |
| Monsanto Co. | Call | 4/22/16 | USD | 93.00 | 105 | (14,910 | ) |
| Pioneer Natural Resources Co. | Call | 4/22/16 | USD | 150.00 | 55 | (10,175 | ) |
| UnitedHealth Group, Inc. | Call | 4/22/16 | USD | 123.00 | 23 | (17,192 | ) |
| Vodafone Group PLC ADR | Call | 4/22/16 | USD | 33.00 | 150 | (3,225 | ) |
| Whirlpool Corp. | Call | 4/22/16 | USD | 182.50 | 61 | (18,330 | ) |
| Mondelez International, Inc., Class A | Call | 4/25/16 | USD | 41.75 | 236 | (7,049 | ) |
| Public Service Enterprise Group, Inc. | Call | 4/25/16 | USD | 43.40 | 428 | (162,716 | ) |
| InterXion Holding NV | Call | 4/28/16 | USD | 34.00 | 400 | (53,661 | ) |
| Alibaba Group Holding Ltd. ADR | Call | 4/29/16 | USD | 75.50 | 201 | (101,002 | ) |
| Alphabet, Inc., Class A | Call | 4/29/16 | USD | 780.00 | 15 | (25,350 | ) |
| Altria Group, Inc. | Call | 4/29/16 | USD | 63.00 | 420 | (37,590 | ) |
| American Airlines Group, Inc. | Call | 4/29/16 | USD | 42.00 | 211 | (21,838 | ) |
| Amgen, Inc. | Call | 4/29/16 | USD | 150.00 | 36 | (15,660 | ) |
| Apple, Inc. | Call | 4/29/16 | USD | 109.00 | 210 | (72,975 | ) |
| AT&T Inc. | Call | 4/29/16 | USD | 39.00 | 545 | (28,612 | ) |
| Celgene Corp. | Call | 4/29/16 | USD | 105.00 | 72 | (11,664 | ) |
| Citigroup, Inc. | Call | 4/29/16 | USD | 44.00 | 250 | (12,125 | ) |
| EOG Resources, Inc. | Call | 4/29/16 | USD | 80.00 | 113 | (6,215 | ) |
| Humana, Inc. | Call | 4/29/16 | USD | 187.50 | 130 | (51,350 | ) |
| McDonalds Corp. | Call | 4/29/16 | USD | 125.00 | 386 | (119,081 | ) |
| Medtronic PLC | Call | 4/29/16 | USD | 77.50 | 65 | (2,372 | ) |
| Merck & Co., Inc. | Call | 4/29/16 | USD | 53.00 | 32 | (2,864 | ) |
| Pioneer Natural Resources Co. | Call | 4/29/16 | USD | 150.00 | 55 | (15,538 | ) |
| Priceline Group, Inc. | Call | 4/29/16 | USD | 1,360.00 | 13 | (12,415 | ) |
| UnitedHealth Group, Inc. | Call | 4/29/16 | USD | 131.00 | 94 | (22,889 | ) |
| Vodafone Group PLC ADR | Call | 4/29/16 | USD | 33.00 | 300 | (8,700 | ) |
| Whirlpool Corp. | Call | 4/29/16 | USD | 182.50 | 61 | (32,940 | ) |
| Alphabet, Inc., Class A | Call | 5/06/16 | USD | 785.00 | 15 | (24,600 | ) |
| Alphabet, Inc., Class C | Call | 5/06/16 | USD | 740.00 | 39 | (112,320 | ) |
| American Airlines Group, Inc. | Call | 5/06/16 | USD | 42.00 | 211 | (24,687 | ) |
| Amgen, Inc. | Call | 5/06/16 | USD | 150.00 | 104 | (49,660 | ) |
| Citigroup, Inc. | Call | 5/06/16 | USD | 43.50 | 167 | (12,108 | ) |
| Comcast Corp., Class A | Call | 5/06/16 | USD | 62.00 | 165 | (16,500 | ) |
| Enterprise Products Partners LP | Call | 5/06/16 | USD | 25.50 | 112 | (6,160 | ) |
| Hartford Financial Services Group, Inc. | Call | 5/06/16 | USD | 47.00 | 320 | (30,400 | ) |
| MasterCard, Inc., Class A | Call | 5/06/16 | USD | 95.50 | 190 | (36,100 | ) |
| Medtronic PLC | Call | 5/06/16 | USD | 75.00 | 44 | (6,820 | ) |
| Pioneer Natural Resources Co. | Call | 5/06/16 | USD | 144.00 | 42 | (23,520 | ) |
| Vodafone Group PLC ADR | Call | 5/06/16 | USD | 31.50 | 490 | (54,880 | ) |
| Public Service Enterprise Group, Inc. | Call | 5/16/16 | USD | 44.65 | 428 | (123,914 | ) |
| Acuity Brands, Inc. | Call | 5/20/16 | USD | 240.00 | 60 | (19,050 | ) |
| Alibaba Group Holding Ltd. ADR | Call | 5/20/16 | USD | 80.00 | 69 | (23,115 | ) |
| Amgen, Inc. | Call | 5/20/16 | USD | 150.00 | 36 | (19,080 | ) |
| Apple, Inc. | Call | 5/20/16 | USD | 110.00 | 210 | (73,500 | ) |
| Celgene Corp. | Call | 5/20/16 | USD | 105.00 | 25 | (6,600 | ) |
| Citigroup, Inc. | Call | 5/20/16 | USD | 42.50 | 168 | (22,848 | ) |
| Citigroup, Inc. | Call | 5/20/16 | USD | 45.00 | 167 | (8,600 | ) |
| Comcast Corp., Class A | Call | 5/20/16 | USD | 60.00 | 315 | (74,498 | ) |
| Concho Resources, Inc. | Call | 5/20/16 | USD | 105.00 | 212 | (103,880 | ) |
| Concho Resources, Inc. | Call | 5/20/16 | USD | 115.00 | 55 | (9,900 | ) |
| Delphi Automotive PLC | Call | 5/20/16 | USD | 75.00 | 250 | (78,125 | ) |
| Eastman Chemical Co. | Call | 5/20/16 | USD | 75.00 | 2 | (300 | ) |
MARCH 31, 2016 5
Schedule of Investments (continued) BlackRock Global Opportunities Equity Trust (BOE)
| Description — Encana Corp. | Call | Expiration Date — 5/20/16 | CAD | 10.00 | 1,500 | Value — $ (31,184 | ) |
|---|---|---|---|---|---|---|---|
| EOG Resources, Inc. | Call | 5/20/16 | USD | 77.50 | 76 | (14,668 | ) |
| Fomento Economico Mexicano SAB de CV ADR | Call | 5/20/16 | USD | 100.00 | 195 | (28,762 | ) |
| Hain Celestial Group, Inc. | Call | 5/20/16 | USD | 44.00 | 200 | (22,500 | ) |
| Macquarie Infrastructure Corp. | Call | 5/20/16 | USD | 70.00 | 220 | (26,950 | ) |
| MasterCard, Inc., Class A | Call | 5/20/16 | USD | 92.50 | 191 | (76,400 | ) |
| McDonalds Corp. | Call | 5/20/16 | USD | 120.00 | 119 | (86,275 | ) |
| McDonalds Corp. | Call | 5/20/16 | USD | 125.00 | 87 | (31,755 | ) |
| Mondelez International, Inc., Class A | Call | 5/20/16 | USD | 42.00 | 236 | (17,228 | ) |
| Monsanto Co. | Call | 5/20/16 | USD | 95.00 | 104 | (11,076 | ) |
| Pioneer Natural Resources Co. | Call | 5/20/16 | USD | 140.00 | 42 | (35,910 | ) |
| Priceline Group, Inc. | Call | 5/20/16 | USD | 1,355.00 | 13 | (39,910 | ) |
| Roper Industries, Inc. | Call | 5/20/16 | USD | 180.00 | 87 | (58,290 | ) |
| Royal Bank of Canada | Call | 5/20/16 | CAD | 78.00 | 282 | (9,228 | ) |
| Shire PLC ADR | Call | 5/20/16 | USD | 175.00 | 70 | (65,100 | ) |
| Starbucks Corp. | Call | 5/20/16 | USD | 60.00 | 113 | (18,419 | ) |
| Union Pacific Corp. | Call | 5/20/16 | USD | 80.00 | 213 | (59,853 | ) |
| Vodafone Group PLC ADR | Call | 5/20/16 | USD | 32.00 | 490 | (51,205 | ) |
| Walt Disney Co. | Call | 5/20/16 | USD | 100.00 | 230 | (62,445 | ) |
| Eastman Chemical Co. | Call | 6/17/16 | USD | 72.50 | 25 | (7,750 | ) |
| Total | $ (6,316,001 | ) |
OTC Options Written
| Description — Sumitomo Mitsui Financial Group, Inc. | Call | Counterparty — JPMorgan Chase Bank N.A. | Expiration Date — 4/01/16 | Strike Price — JPY | 4,237.61 | 64,000 | Value — $ | |
|---|---|---|---|---|---|---|---|---|
| Adobe Systems, Inc. | Call | Credit Suisse International | 4/04/16 | USD | 91.95 | 18,300 | (39,142 | ) |
| FirstEnergy Corp. | Call | Credit Suisse International | 4/04/16 | USD | 34.01 | 65,000 | (128,947 | ) |
| PPL Corp. | Call | Morgan Stanley & Co. International PLC | 4/04/16 | USD | 35.84 | 38,000 | (85,014 | ) |
| Public Service Enterprise Group, Inc. | Call | Deutsche Bank AG | 4/04/16 | USD | 41.75 | 19,900 | (107,958 | ) |
| AIA Group Ltd. | Call | UBS AG | 4/05/16 | HKD | 39.90 | 247,000 | (133,522 | ) |
| Alps Electric Co. Ltd. | Call | Bank of America N.A. | 4/05/16 | JPY | 2,831.40 | 49,000 | | |
| Anheuser-Busch InBev SA | Call | Credit Suisse International | 4/05/16 | EUR | 113.20 | 29,000 | (4,166 | ) |
| AstraZeneca PLC | Call | Credit Suisse International | 4/05/16 | GBP | 44.47 | 10,000 | | |
| Boston Scientific Corp. | Call | Goldman Sachs International | 4/05/16 | USD | 17.60 | 88,000 | (108,745 | ) |
| Cellnex Telecom SAU | Call | Credit Suisse International | 4/05/16 | EUR | 15.17 | 27,000 | (97 | ) |
| Galp Energia SGPS SA | Call | Credit Suisse International | 4/05/16 | EUR | 10.99 | 140,000 | (42,161 | ) |
| LG Chem Ltd. | Call | Morgan Stanley & Co. International PLC | 4/05/16 | KRW | 312,928.86 | 8,300 | (115,072 | ) |
| Lloyds Banking Group PLC | Call | Morgan Stanley & Co. International PLC | 4/05/16 | GBP | 0.65 | 573,000 | (26,589 | ) |
| Naspers Ltd., N Shares | Call | UBS AG | 4/05/16 | ZAR | 1,876.49 | 18,200 | (232,514 | ) |
| Nestle SA | Call | Credit Suisse International | 4/05/16 | CHF | 70.97 | 42,500 | (43,938 | ) |
| Roche Holding AG | Call | Bank of America N.A. | 4/05/16 | CHF | 257.50 | 8,700 | | |
| Samsonite International SA | Call | Bank of America N.A. | 4/05/16 | HKD | 22.17 | 234,000 | (114,983 | ) |
| Aramark | Call | Citibank N.A. | 4/06/16 | USD | 30.79 | 48,000 | (111,973 | ) |
| Cigna Corp. | Call | Citibank N.A. | 4/06/16 | USD | 143.37 | 8,500 | (838 | ) |
| Eni SpA | Call | Deutsche Bank AG | 4/06/16 | EUR | 13.17 | 121,000 | (35,518 | ) |
| Kennedy-Wilson Holdings, Inc. | Call | Citibank N.A. | 4/06/16 | USD | 19.48 | 38,300 | (92,855 | ) |
| Koninklijke Philips NV | Call | Deutsche Bank AG | 4/06/16 | EUR | 24.82 | 124,400 | (60,668 | ) |
| Nintendo Co. Ltd. | Call | UBS AG | 4/06/16 | JPY | 15,684.84 | 6,700 | (30,291 | ) |
| Panasonic Corp. | Call | JPMorgan Chase Bank N.A. | 4/06/16 | JPY | 981.06 | 62,300 | (24,384 | ) |
| SoftBank Group Corp. | Call | JPMorgan Chase Bank N.A. | 4/06/16 | JPY | 5,761.53 | 33,200 | (1,542 | ) |
| Unibail-Rodamco SE REIT | Call | Morgan Stanley & Co. International PLC | 4/06/16 | EUR | 238.66 | 10,100 | (46,250 | ) |
| Unibail-Rodamco SE REIT | Call | UBS AG | 4/06/16 | EUR | 233.73 | 1,300 | (11,793 | ) |
| Assured Guaranty Ltd. | Call | Bank of America N.A. | 4/07/16 | USD | 25.01 | 63,000 | (33,682 | ) |
| Cellnex Telecom SAU | Call | Credit Suisse International | 4/07/16 | EUR | 14.75 | 80,000 | (2,992 | ) |
| Imperial Brands PLC | Call | Deutsche Bank AG | 4/07/16 | GBP | 37.48 | 37,300 | (66,484 | ) |
| Prudential PLC | Call | UBS AG | 4/07/16 | GBP | 12.44 | 51,000 | (36,150 | ) |
| Taiwan Semiconductor Manufacturing Co. Ltd. | Call | Citibank N.A. | 4/07/16 | TWD | 153.51 | 393,000 | (103,713 | ) |
| Worldpay Group PLC | Call | Morgan Stanley & Co. International PLC | 4/07/16 | GBP | 2.94 | 186,300 | (1,786 | ) |
6 MARCH 31, 2016
Schedule of Investments (continued) BlackRock Global Opportunities Equity Trust (BOE)
| Description — ASML Holding NV | Call | Counterparty — Morgan Stanley & Co. International PLC | Expiration Date — 4/08/16 | Strike Price — EUR | 88.83 | 25,000 | Value — $ (33,937 | ) |
|---|---|---|---|---|---|---|---|---|
| Lam Research Corp. | Call | Goldman Sachs International | 4/08/16 | USD | 72.15 | 18,500 | (193,467 | ) |
| Credicorp Ltd. | Call | Morgan Stanley & Co. International PLC | 4/11/16 | USD | 113.10 | 12,400 | (222,593 | ) |
| AIA Group Ltd. | Call | UBS AG | 4/12/16 | HKD | 40.28 | 247,000 | (121,941 | ) |
| Allergan PLC | Call | Bank of America N.A. | 4/12/16 | USD | 288.86 | 8,000 | (5,310 | ) |
| AstraZeneca PLC | Call | Credit Suisse International | 4/12/16 | GBP | 40.94 | 23,500 | (1,442 | ) |
| Crown Holdings, Inc. | Call | Bank of America N.A. | 4/12/16 | USD | 48.05 | 48,200 | (82,247 | ) |
| Eni SpA | Call | UBS AG | 4/12/16 | EUR | 12.42 | 44,000 | (45,113 | ) |
| Naspers Ltd., N Shares | Call | Morgan Stanley & Co. International PLC | 4/12/16 | ZAR | 1,896.41 | 18,200 | (220,967 | ) |
| Nestle SA | Call | Credit Suisse International | 4/12/16 | CHF | 71.67 | 42,500 | (6,073 | ) |
| Nordea Bank AB | Call | Morgan Stanley & Co. International PLC | 4/12/16 | SEK | 88.69 | 71,000 | (39 | ) |
| Samsonite International SA | Call | Morgan Stanley & Co. International PLC | 4/12/16 | HKD | 23.11 | 84,900 | (31,448 | ) |
| Sherwin-Williams Co. | Call | Deutsche Bank AG | 4/12/16 | USD | 266.96 | 8,500 | (154,232 | ) |
| Vivendi SA | Call | Citibank N.A. | 4/12/16 | EUR | 18.75 | 73,300 | (15,642 | ) |
| Anheuser-Busch InBev SA | Call | Goldman Sachs International | 4/13/16 | EUR | 109.04 | 9,800 | (20,710 | ) |
| Atlantia SpA | Call | Credit Suisse International | 4/13/16 | EUR | 24.58 | 20,500 | (6,646 | ) |
| Atlantia SpA | Call | Deutsche Bank AG | 4/13/16 | EUR | 24.87 | 20,500 | (4,570 | ) |
| Delhaize Group | Call | Goldman Sachs International | 4/13/16 | EUR | 96.33 | 19,400 | (2,733 | ) |
| Diageo PLC | Call | Morgan Stanley & Co. International PLC | 4/13/16 | GBP | 19.12 | 110,000 | (21,347 | ) |
| Fairfax Financial Holdings Ltd. | Call | Citibank N.A. | 4/13/16 | CAD | 742.43 | 4,800 | (26,072 | ) |
| Lloyds Banking Group PLC | Call | Morgan Stanley & Co. International PLC | 4/13/16 | GBP | 0.75 | 2,252,000 | (515 | ) |
| Reckitt Benckiser Group PLC | Call | Goldman Sachs International | 4/13/16 | GBP | 66.44 | 17,000 | (33,922 | ) |
| Statoil ASA | Call | Citibank N.A. | 4/13/16 | NOK | 124.61 | 65,600 | (65,635 | ) |
| Unibail-Rodamco SE REIT | Call | Credit Suisse International | 4/13/16 | EUR | 239.19 | 10,100 | (56,469 | ) |
| Unilever PLC | Call | UBS AG | 4/13/16 | GBP | 31.80 | 96,200 | (47,009 | ) |
| BankUnited, Inc. | Call | Bank of America N.A. | 4/14/16 | USD | 34.59 | 50,000 | (27,220 | ) |
| Catcher Technology Co. Ltd. | Call | JPMorgan Chase Bank N.A. | 4/14/16 | TWD | 286.00 | 180,000 | (21,094 | ) |
| GlaxoSmithKline PLC | Call | UBS AG | 4/14/16 | GBP | 14.17 | 36,319 | (8,569 | ) |
| Kennedy-Wilson Holdings, Inc. | Call | Bank of America N.A. | 4/14/16 | USD | 18.12 | 45,000 | (170,325 | ) |
| Largan Precision Co. Ltd. | Call | Deutsche Bank AG | 4/14/16 | TWD | 2,590.80 | 35,000 | (85,219 | ) |
| Largan Precision Co. Ltd. | Call | Goldman Sachs International | 4/14/16 | TWD | 2,751.96 | 5,000 | (5,556 | ) |
| Royal Dutch Shell PLC, B Shares | Call | Morgan Stanley & Co. International PLC | 4/14/16 | GBP | 16.73 | 55,000 | (37,085 | ) |
| Worldpay Group PLC | Call | UBS AG | 4/14/16 | GBP | 3.22 | 154,000 | (261 | ) |
| Anheuser-Busch InBev SA | Call | Citibank N.A. | 4/20/16 | EUR | 108.81 | 12,000 | (32,890 | ) |
| Anheuser-Busch InBev SA | Call | Deutsche Bank AG | 4/20/16 | EUR | 105.53 | 34,000 | (184,346 | ) |
| Aramark | Call | Citibank N.A. | 4/20/16 | USD | 31.71 | 62,000 | (102,671 | ) |
| Atlantia SpA | Call | Credit Suisse International | 4/20/16 | EUR | 24.70 | 20,500 | (7,549 | ) |
| Atlantia SpA | Call | Deutsche Bank AG | 4/20/16 | EUR | 24.99 | 20,500 | (4,554 | ) |
| BAE Systems PLC | Call | Goldman Sachs International | 4/20/16 | GBP | 5.07 | 100,000 | (13,925 | ) |
| BAE Systems PLC | Call | UBS AG | 4/20/16 | GBP | 4.99 | 177,000 | (36,762 | ) |
| Diageo PLC | Call | Deutsche Bank AG | 4/20/16 | GBP | 19.34 | 47,000 | (9,288 | ) |
| Eni SpA | Call | UBS AG | 4/20/16 | EUR | 12.30 | 44,000 | (52,424 | ) |
| Galp Energia SGPS SA | Call | Morgan Stanley & Co. International PLC | 4/20/16 | EUR | 10.42 | 55,000 | (50,781 | ) |
| GlaxoSmithKline PLC | Call | Morgan Stanley & Co. International PLC | 4/20/16 | GBP | 14.44 | 63,000 | (9,004 | ) |
| Lloyds Banking Group PLC | Call | Deutsche Bank AG | 4/20/16 | GBP | 0.71 | 882,000 | (608 | ) |
| Nordea Bank AB | Call | Morgan Stanley & Co. International PLC | 4/20/16 | SEK | 89.97 | 72,500 | (453 | ) |
| Prudential PLC | Call | Credit Suisse International | 4/20/16 | GBP | 13.62 | 92,700 | (9,680 | ) |
| Reckitt Benckiser Group PLC | Call | Goldman Sachs International | 4/20/16 | GBP | 66.44 | 17,000 | (24,282 | ) |
| Scout24 AG | Call | Morgan Stanley & Co. International PLC | 4/20/16 | EUR | 30.00 | 6,200 | (9,202 | ) |
| Snam SpA | Call | Credit Suisse International | 4/20/16 | EUR | 4.99 | 342,100 | (201,611 | ) |
| Taiwan Semiconductor Manufacturing Co. Ltd. | Call | JPMorgan Chase Bank N.A. | 4/20/16 | TWD | 154.53 | 386,000 | (91,054 | ) |
| UBS Group AG | Call | UBS AG | 4/20/16 | CHF | 16.98 | 46,500 | (1,330 | ) |
| Vivendi SA | Call | UBS AG | 4/20/16 | EUR | 19.43 | 16,000 | (966 | ) |
| Worldpay Group PLC | Call | Morgan Stanley & Co. International PLC | 4/20/16 | GBP | 3.16 | 367,900 | (3,042 | ) |
| Alps Electric Co. Ltd. | Call | Goldman Sachs International | 4/21/16 | JPY | 2,283.08 | 76,400 | (9,702 | ) |
| Boston Scientific Corp. | Call | Deutsche Bank AG | 4/21/16 | USD | 17.85 | 86,500 | (94,638 | ) |
| Cellnex Telecom SAU | Call | Morgan Stanley & Co. International PLC | 4/21/16 | EUR | 14.72 | 48,500 | (7,620 | ) |
| Panasonic Corp. | Call | JPMorgan Chase Bank N.A. | 4/21/16 | JPY | 1,010.71 | 95,000 | (33,853 | ) |
| Samsonite International SA | Call | JPMorgan Chase Bank N.A. | 4/21/16 | HKD | 23.84 | 72,000 | (21,026 | ) |
| UBS Group AG | Call | UBS AG | 4/21/16 | CHF | 16.66 | 109,000 | (6,529 | ) |
| Boston Scientific Corp. | Call | Morgan Stanley & Co. International PLC | 4/25/16 | USD | 18.35 | 48,000 | (37,332 | ) |
| Amundi SA | Call | Credit Suisse International | 4/26/16 | EUR | 42.64 | 20,100 | (31,638 | ) |
| AstraZeneca PLC | Call | Credit Suisse International | 4/26/16 | GBP | 42.67 | 34,000 | (1,511 | ) |
| Atlantia SpA | Call | Credit Suisse International | 4/26/16 | EUR | 24.82 | 20,500 | (8,052 | ) |
MARCH 31, 2016 7
Schedule of Investments (continued) BlackRock Global Opportunities Equity Trust (BOE)
| Description — Atlantia SpA | Call | Counterparty — Deutsche Bank AG | Expiration Date — 4/26/16 | Strike Price — EUR | 25.11 | 20,500 | Value — $ (5,145 | ) |
|---|---|---|---|---|---|---|---|---|
| BAE Systems PLC | Call | Deutsche Bank AG | 4/26/16 | GBP | 5.10 | 100,000 | (4,962 | ) |
| Diageo PLC | Call | Deutsche Bank AG | 4/26/16 | GBP | 19.43 | 47,000 | (9,779 | ) |
| Eni SpA | Call | Citibank N.A. | 4/26/16 | EUR | 12.57 | 36,000 | (35,570 | ) |
| GlaxoSmithKline PLC | Call | Morgan Stanley & Co. International PLC | 4/26/16 | GBP | 14.51 | 63,000 | (10,314 | ) |
| Lloyds Banking Group PLC | Call | Morgan Stanley & Co. International PLC | 4/26/16 | GBP | 0.69 | 726,000 | (3,191 | ) |
| Nintendo Co. Ltd. | Call | UBS AG | 4/26/16 | JPY | 16,926.96 | 6,900 | (17,349 | ) |
| Sony Corp. | Call | Goldman Sachs International | 4/26/16 | JPY | 2,948.89 | 59,000 | (44,729 | ) |
| Sumitomo Mitsui Financial Group, Inc. | Call | BNP Paribas S.A. | 4/26/16 | JPY | 3,616.23 | 46,000 | (23,599 | ) |
| UBS Group AG | Call | UBS AG | 4/26/16 | CHF | 17.07 | 46,500 | (1,717 | ) |
| Worldpay Group PLC | Call | Morgan Stanley & Co. International PLC | 4/26/16 | GBP | 3.11 | 131,000 | (2,754 | ) |
| Adecco SA | Call | UBS AG | 4/27/16 | CHF | 58.90 | 25,000 | (102,755 | ) |
| Assured Guaranty Ltd. | Call | Bank of America N.A. | 4/27/16 | USD | 25.01 | 63,000 | (56,308 | ) |
| FANUC Corp. | Call | Bank of America N.A. | 4/27/16 | JPY | 18,424.38 | 6,200 | (21,333 | ) |
| Credicorp Ltd. | Call | Morgan Stanley & Co. International PLC | 4/28/16 | USD | 113.10 | 12,400 | (222,084 | ) |
| Imperial Brands PLC | Call | Citibank N.A. | 4/28/16 | GBP | 38.52 | 37,000 | (51,476 | ) |
| Snam SpA | Call | Goldman Sachs International | 4/28/16 | EUR | 5.19 | 342,000 | (130,846 | ) |
| Statoil ASA | Call | Credit Suisse International | 4/28/16 | NOK | 135.92 | 56,000 | (34,397 | ) |
| PPL Corp. | Call | Citibank N.A. | 4/29/16 | USD | 36.50 | 17,000 | (31,195 | ) |
| WestRock Co. | Call | Citibank N.A. | 5/02/16 | USD | 41.57 | 42,000 | (39,416 | ) |
| Kennedy-Wilson Holdings, Inc. | Call | Barclays Bank PLC | 5/03/16 | USD | 22.26 | 32,000 | (20,000 | ) |
| Roche Holding AG | Call | UBS AG | 5/03/16 | CHF | 258.25 | 8,000 | (2,456 | ) |
| Vivendi SA | Call | Morgan Stanley & Co. International PLC | 5/03/16 | EUR | 19.13 | 73,300 | (2,039 | ) |
| Adecco SA | Call | UBS AG | 5/04/16 | CHF | 62.48 | 24,900 | (13,904 | ) |
| Boston Scientific Corp. | Call | Goldman Sachs International | 5/04/16 | USD | 18.02 | 84,000 | (88,449 | ) |
| Cellnex Telecom SAU | Call | Bank of America N.A. | 5/04/16 | EUR | 15.21 | 75,000 | (10,076 | ) |
| Eastman Chemical Co. | Call | Credit Suisse International | 5/04/16 | USD | 74.76 | 24,000 | (22,518 | ) |
| Galp Energia SGPS SA | Call | Morgan Stanley & Co. International PLC | 5/04/16 | EUR | 10.82 | 89,900 | (70,970 | ) |
| Nordea Bank AB | Call | Deutsche Bank AG | 5/04/16 | SEK | 91.42 | 148,700 | (2,627 | ) |
| Royal Dutch Shell PLC, B Shares | Call | Goldman Sachs International | 5/04/16 | GBP | 16.74 | 56,000 | (53,629 | ) |
| Samsonite International SA | Call | JPMorgan Chase Bank N.A. | 5/04/16 | HKD | 23.84 | 72,000 | (22,126 | ) |
| Aramark | Call | Morgan Stanley & Co. International PLC | 5/05/16 | USD | 32.99 | 47,000 | (61,919 | ) |
| Hortonworks, Inc. | Call | Deutsche Bank AG | 5/05/16 | USD | 11.91 | 81,500 | (57,912 | ) |
| Kennedy-Wilson Holdings, Inc. | Call | Barclays Bank PLC | 5/05/16 | USD | 22.26 | 32,000 | (21,056 | ) |
| Worldpay Group PLC | Call | UBS AG | 5/05/16 | GBP | 2.85 | 271,600 | (32,940 | ) |
| FANUC Corp. | Call | Bank of America N.A. | 5/06/16 | JPY | 18,514.25 | 6,200 | (25,833 | ) |
| BankUnited, Inc. | Call | Morgan Stanley & Co. International PLC | 5/09/16 | USD | 33.39 | 23,000 | (50,967 | ) |
| Hartford Financial Services Group, Inc. | Call | Goldman Sachs International | 5/09/16 | USD | 43.59 | 19,800 | (67,195 | ) |
| AIA Group Ltd. | Call | Bank of America N.A. | 5/10/16 | HKD | 43.51 | 138,000 | (25,842 | ) |
| Amundi SA | Call | Bank of America N.A. | 5/10/16 | EUR | 42.89 | 20,200 | (38,955 | ) |
| AstraZeneca PLC | Call | Credit Suisse International | 5/10/16 | GBP | 41.35 | 23,500 | (9,516 | ) |
| BAE Systems PLC | Call | Citibank N.A. | 5/10/16 | GBP | 5.19 | 256,000 | (11,573 | ) |
| FirstEnergy Corp. | Call | UBS AG | 5/10/16 | USD | 35.59 | 40,300 | (48,673 | ) |
| Koninklijke Philips NV | Call | Deutsche Bank AG | 5/10/16 | EUR | 24.53 | 43,000 | (56,144 | ) |
| Lloyds Banking Group PLC | Call | Morgan Stanley & Co. International PLC | 5/10/16 | GBP | 0.69 | 726,000 | (16,048 | ) |
| Nintendo Co. Ltd. | Call | Bank of America N.A. | 5/10/16 | JPY | 17,640.00 | 12,000 | (46,284 | ) |
| Panasonic Corp. | Call | Bank of America N.A. | 5/10/16 | JPY | 1,009.64 | 95,000 | (44,878 | ) |
| Samsonite International SA | Call | Bank of America N.A. | 5/10/16 | HKD | 26.52 | 234,000 | (26,005 | ) |
| Sony Corp. | Call | Goldman Sachs International | 5/10/16 | JPY | 2,948.89 | 59,000 | (57,358 | ) |
| Anheuser-Busch InBev SA | Call | UBS AG | 5/11/16 | EUR | 106.38 | 11,700 | (45,898 | ) |
| Cellnex Telecom SAU | Call | Goldman Sachs International | 5/11/16 | EUR | 14.72 | 134,900 | (41,184 | ) |
| Kennedy-Wilson Holdings, Inc. | Call | Barclays Bank PLC | 5/11/16 | USD | 22.15 | 32,000 | (24,896 | ) |
| Samsonite International SA | Call | JPMorgan Chase Bank N.A. | 5/11/16 | HKD | 22.81 | 72,000 | (30,737 | ) |
| SoftBank Group Corp. | Call | Bank of America N.A. | 5/11/16 | JPY | 5,846.64 | 46,000 | (31,681 | ) |
| Statoil ASA | Call | Morgan Stanley & Co. International PLC | 5/11/16 | NOK | 134.84 | 55,000 | (50,165 | ) |
| Worldpay Group PLC | Call | Credit Suisse International | 5/11/16 | GBP | 2.82 | 79,000 | (5,774 | ) |
| Fairfax Financial Holdings Ltd. | Call | Morgan Stanley & Co. International PLC | 5/12/16 | CAD | 732.65 | 4,700 | (64,315 | ) |
| Mondelez International, Inc., Class A | Call | UBS AG | 5/12/16 | USD | 40.85 | 23,700 | (26,797 | ) |
| Unilever PLC | Call | UBS AG | 5/12/16 | GBP | 31.72 | 74,000 | (65,617 | ) |
| Crown Holdings, Inc. | Call | Bank of America N.A. | 5/13/16 | USD | 49.10 | 7,000 | (12,753 | ) |
| Lam Research Corp. | Call | Deutsche Bank AG | 5/13/16 | USD | 80.18 | 19,000 | (88,213 | ) |
8 MARCH 31, 2016
Schedule of Investments (continued) BlackRock Global Opportunities Equity Trust (BOE)
| Description — Lowes Cos., Inc. | Call | Counterparty — Bank of America N.A. | Expiration Date — 5/17/16 | Strike Price — USD | 75.85 | 11,300 | Value — $ (23,962 | ) |
|---|---|---|---|---|---|---|---|---|
| BankUnited, Inc. | Call | Citibank N.A. | 5/18/16 | USD | 35.64 | 47,000 | (38,719 | ) |
| Cellnex Telecom SAU | Call | Goldman Sachs International | 5/18/16 | EUR | 15.12 | 64,000 | (14,605 | ) |
| Galp Energia SGPS SA | Call | UBS AG | 5/18/16 | EUR | 11.67 | 85,000 | (36,386 | ) |
| Samsonite International SA | Call | Goldman Sachs International | 5/18/16 | HKD | 25.81 | 128,700 | (21,405 | ) |
| Statoil ASA | Call | Deutsche Bank AG | 5/18/16 | NOK | 135.86 | 65,000 | (26,968 | ) |
| WestRock Co. | Call | Citibank N.A. | 6/01/16 | USD | 41.57 | 42,000 | (59,562 | ) |
| Total | $ (7,283,946 | ) |
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 techniques 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 techniques 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 annual report.
The following tables summarize the Trusts investments and derivative financial instruments categorized in the disclosure hierarchy:
| Level 1 | Level 2 | Total | ||
|---|---|---|---|---|
| Assets: | ||||
| Investments: | ||||
| Long-Term Investments: | ||||
| Common Stocks: | ||||
| Australia | | $ 544,021 | | $ 544,021 |
| Belgium | | 25,468,930 | | 25,468,930 |
| Canada | $ 20,822,816 | | | 20,822,816 |
| China | 10,509,409 | | | 10,509,409 |
| France | | 20,379,273 | | 20,379,273 |
| Germany | | 1,560,805 | | 1,560,805 |
| Hong Kong | | 6,530,375 | | 6,530,375 |
| India | | 15,266,901 | | 15,266,901 |
| Indonesia | | 4,329,834 | | 4,329,834 |
| Ireland | 4,393,764 | 7,524,368 | | 11,918,132 |
| Italy | | 20,800,414 | | 20,800,414 |
| Japan | | 38,767,880 | | 38,767,880 |
| Mexico | 6,799,486 | | | 6,799,486 |
| Netherlands | 4,986,436 | 18,503,628 | | 23,490,064 |
| New Zealand | | 3,729,743 | | 3,729,743 |
| Norway | | 6,860,520 | | 6,860,520 |
| Peru | 4,910,124 | | | 4,910,124 |
| Portugal | | 8,443,259 | | 8,443,259 |
| South Africa | | 9,221,294 | | 9,221,294 |
| South Korea | | 4,333,567 | | 4,333,567 |
| Spain | | 12,444,851 | | 12,444,851 |
| Sweden | | 5,095,776 | | 5,095,776 |
| Switzerland | | 29,388,603 | | 29,388,603 |
MARCH 31, 2016 9
Schedule of Investments (continued) BlackRock Global Opportunities Equity Trust (BOE)
| Assets: (concluded) | |||||||
| Investments: (concluded) | |||||||
| Long-Term Investments: (concluded) | |||||||
| Common Stocks: (concluded) | |||||||
| Taiwan | | $ 15,478,461 | | $ 15,478,461 | |||
| United Kingdom | $ 30,719,439 | 92,572,211 | | 123,291,650 | |||
| United States | 435,391,034 | 5,469,160 | $ | 3,820,990 | 444,681,184 | ||
| Investment Companies | | 5,022,236 | | 5,022,236 | |||
| Preferred Stocks | | | 26,294,626 | 26,294,626 | |||
| Short-Term Securities | 36,660,550 | 3,371,099 | | 40,031,649 | |||
| Total | $ 555,193,058 | $ 361,107,209 | $ | 30,115,616 | $ 946,415,883 | ||
| Level 1 | Level 2 | Level 3 | Total | ||||
| Derivative Financial Instruments 1 | |||||||
| Liabilities: | |||||||
| Equity contracts | $ (5,968,661 | ) | $ (7,631,286 | ) | | $ (13,599,947 | ) |
| 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 financialreporting purposes. As of period end, 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 | $ 817,181 | | | $ 817,181 | |||
| Liabilities: | |||||||
| Bank overdraft | | $ (236,811 | ) | | (236,811 | ) | |
| Collateral on securities loaned at value | | (3,371,099 | ) | | (3,371,099 | ) | |
| Total | $ 817,181 | $ (3,607,910 | ) | | $ (2,790,729 | ) |
Transfers between Level 1 and Level 2 were as follow:
| Transfers out of Level 1 1 | Transfers into Level 2 1 | ||||
|---|---|---|---|---|---|
| Assets: | |||||
| Investments: | |||||
| Long-Term Investments: | |||||
| Common Stocks | | $ (50,477,571 | ) | $ 50,477,571 | |
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 | | | | |||
| Transfers out of Level 3 | (5,237,738 | ) | | (5,237,738 | ) | |
| Accrued discounts/premiums | | | | |||
| Net realized gain (loss) | | | | |||
| Net change in unrealized appreciation/depreciation | (127,220 | ) | (373,795 | ) | (501,015 | ) |
| Purchases | | | | |||
| Sales | | | | |||
| Closing Balance, as of March 31, 2016 | $ 3,820,990 | $ 26,294,626 | $ 30,115,616 | |||
| Net change in unrealized appreciation/depreciation on investments still held at March 31, 2016 | $ (127,220 | ) | $ (373,795 | ) | $ (501,015 | ) |
10 MARCH 31, 2016
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 period end.
| Value | Valuation Techniques | Unobservable Inputs | |||
|---|---|---|---|---|---|
| Assets: | |||||
| Common Stocks | $ 3,820,990 | Market Comparables | Tangible Book Value Multiple 1 | 1.50x | |
| Preferred Stocks | 26,294,626 | Market Comparables | Revenue Multiple 1 | 12.00x - 32.79x | 26.06x |
| Revenue Growth Rate 1 | 110.00% | | |||
| Revenue Growth Rate 1 | 373.00% | | |||
| Probability-Weighted Expected Return Model | Discount Rate 2 | 25.00% | | ||
| IPO Exit Probability 1 | 70.00% | | |||
| Merger & Acquisition Probability 1 | 25.00% | | |||
| Revenue Growth Rate 1 | 86.00% | | |||
| Revenue Multiple 1 | 1.85x - 3.20x | | |||
| Time to Exit 2 | 1-3 years | | |||
| Total | $ 30,115,616 |
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.
MARCH 31, 2016 11
| Item 2 | | Controls and Procedures |
|---|---|---|
| 2(a) | The registrants principal executive and principal financial officers, or persons performing similar functions, have concluded that the registrants disclosure controls and procedures (as defined in Rule 30a-3(c) under | |
| the Investment Company Act of 1940, as amended (the 1940 Act)) are effective as of a date within 90 days of the filing of this report based on the evaluation of these controls and procedures required by Rule 30a-3(b) under the 1940 Act | ||
| and Rule 13a-15(b) under the Securities Exchange Act of 1934, as amended. | ||
| 2(b) | There were no changes in the registrants internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act) that occurred during the registrants last fiscal quarter that have materially | |
| affected, or are reasonably likely to materially affect, the registrants internal control over financial reporting. | ||
| Item 3 | | Exhibits |
| Certifications Attached hereto |
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: |
|---|
| John M. Perlowski |
| Chief Executive Officer (principal executive officer) of |
| BlackRock Global Opportunities Equity Trust |
Date: May 23, 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: |
|---|
| John M. Perlowski |
| Chief Executive Officer (principal executive officer) of |
| BlackRock Global Opportunities Equity Trust |
Date: May 23, 2016
| By: |
|---|
| Neal J. Andrews |
| Chief Financial Officer (principal financial officer) of |
| BlackRock Global Opportunities Equity Trust |
Date: May 23, 2016
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