Regulatory Filings • May 23, 2017
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Download Source FileN-Q 1 d330566dnq.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: 12/31/2017
Date of reporting period: 03/31/2017
Item 1 Schedule of Investments
| Schedule of Investments March 31, 2017 (Unaudited) |
|---|
| (Percentages shown are based on Net Assets) |
| Common Stocks | Value | |
|---|---|---|
| Australia 0.0% | ||
| Ensogo Ltd. (a) | 418,198 | |
| Belgium 1.0% | ||
| Anheuser-Busch InBev SA | 91,382 | $ 10,013,240 |
| Brazil 0.5% | ||
| Embraer SA ADR (b) | 206,100 | 4,550,688 |
| Canada 1.2% | ||
| Encana Corp. (b) | 366,400 | 4,292,598 |
| Potash Corp. of Saskatchewan, Inc. (b) | 430,440 | 7,351,915 |
| 11,644,513 | ||
| China 7.1% | ||
| Alibaba Group Holding Ltd. ADR (a)(b) | 194,680 | 20,992,344 |
| Anhui Conch Cement Co. Ltd., Class H | 2,039,500 | 6,936,432 |
| Baidu, Inc. ADR (a)(b) | 60,800 | 10,489,216 |
| China Construction Bank Corp., Class H | 7,180,000 | 5,784,982 |
| Ping An Insurance Group Co. of China Ltd., Class H | 2,576,500 | 14,439,874 |
| Weibo Corp. ADR (a)(b) | 75,700 | 3,950,026 |
| Weichai Power Co. Ltd., H Shares | 3,949,000 | 6,975,704 |
| 69,568,578 | ||
| France 3.0% | ||
| AXA SA | 328,300 | 8,481,916 |
| Euronext NV (c) | 105,900 | 4,617,768 |
| Iliad SA | 37,000 | 8,263,320 |
| Renault SA | 90,600 | 7,870,654 |
| 29,233,658 | ||
| Germany 1.3% | ||
| KION Group AG | 85,500 | 5,580,875 |
| thyssenkrupp AG | 279,200 | 6,839,783 |
| 12,420,658 | ||
| Hong Kong 1.8% | ||
| AIA Group Ltd. | 1,148,900 | 7,251,808 |
| Melco Crown Entertainment Ltd. ADR | 585,000 | 10,845,900 |
| 18,097,708 | ||
| India 3.8% | ||
| Bharti Infratel Ltd. | 1,229,359 | 6,172,673 |
| Delta Corp. Ltd. | 762,848 | 2,129,051 |
| Dish TV India Ltd. (a) | 2,125,890 | 3,518,289 |
| Federal Bank Ltd. | 5,509,200 | 7,760,182 |
| HDFC Bank Ltd. | 263,782 | 5,960,998 |
| ICICI Bank Ltd. | 2,086,200 | 8,911,344 |
| Srei Infrastructure Finance Ltd. | 2,087,457 | 2,667,035 |
| 37,119,572 | ||
| Indonesia 1.1% | ||
| Bank Negara Indonesia Persero Tbk PT | 12,139,700 | 5,902,033 |
| Matahari Department Store Tbk PT | 5,383,023 | 5,323,117 |
| 11,225,150 |
| Common Stocks | Value | |
|---|---|---|
| Ireland 0.6% | ||
| Green REIT PLC | 3,812,792 | $ 5,531,798 |
| Italy 2.8% | ||
| Azimut Holding SpA | 397,100 | 6,895,821 |
| Eni SpA | 405,100 | 6,632,841 |
| UniCredit SpA | 873,000 | 13,457,615 |
| 26,986,277 | ||
| Japan 4.5% | ||
| Alps Electric Co. Ltd. | 161,500 | 4,579,286 |
| FANUC Corp. | 34,500 | 7,102,561 |
| Nintendo Co. Ltd. | 25,700 | 5,963,399 |
| Nippon Yusen KK (a) | 2,151,000 | 4,541,234 |
| SMC Corp. | 24,300 | 7,204,090 |
| SoftBank Group Corp. | 86,500 | 6,134,160 |
| Sumitomo Mitsui Financial Group, Inc. | 245,800 | 8,946,817 |
| 44,471,547 | ||
| Mexico 0.6% | ||
| Fomento Economico Mexicano SAB de CV ADR (b) | 70,600 | 6,249,512 |
| Netherlands 0.9% | ||
| Akzo Nobel NV | 37,000 | 3,063,011 |
| Koninklijke Philips NV | 176,840 | 5,680,874 |
| 8,743,885 | ||
| New Zealand 0.5% | ||
| Xero Ltd. (a) | 350,000 | 4,853,894 |
| Norway 0.9% | ||
| Statoil ASA | 532,360 | 9,150,498 |
| Peru 1.0% | ||
| Credicorp Ltd. (b) | 60,000 | 9,798,000 |
| Philippines 0.3% | ||
| CEMEX Holdings Philippines, Inc. (a)(c) | 19,451,800 | 2,725,384 |
| Portugal 1.0% | ||
| Galp Energia SGPS SA | 672,400 | 10,198,576 |
| South Africa 1.2% | ||
| Naspers Ltd., N Shares | 66,150 | 11,398,460 |
| South Korea 2.0% | ||
| Amorepacific Corp. | 17,500 | 4,392,901 |
| LG Chem Ltd. | 36,100 | 9,492,077 |
| Samsung SDI Co. Ltd. | 43,800 | 5,407,256 |
| 19,292,234 | ||
| Spain 0.7% | ||
| Cellnex Telecom SA (c) | 434,078 | 7,149,238 |
| Switzerland 2.0% | ||
| Nestle SA | 135,934 | 10,433,175 |
| Portfolio Abbreviations — ADR | American Depositary Receipt | HKD | Hong Kong Dollar | REIT | Real Estate Investment Trust |
|---|---|---|---|---|---|
| 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 | NZD | New Zealand Dollar |
MARCH 31, 2017 1
Schedule of Investments (continued) BlackRock Global Opportunities Equity Trust (BOE)
| Common Stocks | Value | |
|---|---|---|
| Switzerland (continued) | ||
| UBS Group AG | 569,089 | $ 9,096,668 |
| 19,529,843 | ||
| Taiwan 1.9% | ||
| Catcher Technology Co. Ltd. | 950,000 | 9,388,928 |
| Taiwan Semiconductor Manufacturing Co. Ltd. | 1,416,000 | 8,879,216 |
| 18,268,144 | ||
| Thailand 0.6% | ||
| True Corp PCL | 27,688,600 | 5,478,798 |
| United Kingdom 5.3% | ||
| AstraZeneca PLC | 71,400 | 4,390,165 |
| Babcock International Group PLC | 427,290 | 4,721,357 |
| CNH Industrial NV (a) | 759,300 | 7,308,348 |
| GlaxoSmithKline PLC | 228,500 | 4,751,177 |
| Imperial Brands PLC | 165,220 | 8,007,150 |
| Metro Bank PLC (a) | 123,308 | 5,000,817 |
| Nomad Foods Ltd. (a) | 520,829 | 5,963,492 |
| Unilever PLC | 232,320 | 11,459,684 |
| 51,602,190 | ||
| United States 49.2% | ||
| Acuity Brands, Inc. (b) | 23,350 | 4,763,400 |
| Adobe Systems, Inc. (a)(b)(d) | 91,820 | 11,948,537 |
| Allergan PLC (b) | 20,200 | 4,826,184 |
| Alphabet, Inc., Class C (a)(b) | 37,952 | 31,483,461 |
| Amazon.com, Inc. (a)(b) | 14,060 | 12,464,752 |
| American International Group, Inc. (b)(d) | 216,300 | 13,503,609 |
| Amgen, Inc. (b) | 30,600 | 5,020,542 |
| Apple, Inc. (b) | 145,000 | 20,830,700 |
| Assured Guaranty Ltd. | 121,592 | 4,512,279 |
| Biogen, Inc. (a)(b) | 14,100 | 3,855,222 |
| Boston Scientific Corp. (a)(b)(d) | 290,887 | 7,234,360 |
| Calpine Corp. (a) | 430,600 | 4,758,130 |
| Celgene Corp. (a)(b)(d) | 81,430 | 10,132,335 |
| Centene Corp. (a)(d) | 78,500 | 5,593,910 |
| Cigna Corp. (b) | 34,000 | 4,980,660 |
| Comcast Corp., Class A (b) | 144,500 | 5,431,755 |
| Concho Resources, Inc. (a)(b) | 53,930 | 6,921,376 |
| Crown Holdings, Inc. (a)(b) | 100,370 | 5,314,592 |
| DaVita, Inc. (a)(b) | 108,200 | 7,354,354 |
| Delphi Automotive PLC | 91,710 | 7,381,738 |
| Dover Corp. (b) | 63,400 | 5,094,190 |
| Duke Energy Corp. (b) | 86,800 | 7,118,468 |
| E*TRADE Financial Corp. (a)(b) | 202,100 | 7,051,269 |
| Eastman Chemical Co. (b) | 80,790 | 6,527,832 |
| Eli Lilly & Co. (b) | 90,200 | 7,586,722 |
| EOG Resources, Inc. (b) | 102,770 | 10,025,214 |
| Facebook, Inc., Class A (a)(b) | 81,000 | 11,506,050 |
| Humana, Inc. (b) | 36,280 | 7,478,759 |
| Intercontinental Exchange, Inc. (b) | 76,600 | 4,586,042 |
| Johnson Controls International PLC (b) | 244,001 | 10,277,322 |
| Kellogg Co. (b) | 97,300 | 7,064,953 |
| Kennedy-Wilson Holdings, Inc. | 274,748 | 6,099,406 |
| Lam Research Corp. (b) | 61,100 | 7,842,796 |
| Lowes Cos., Inc. (b) | 81,030 | 6,661,476 |
| Mastercard, Inc., Class A (b) | 106,560 | 11,984,803 |
| Medtronic PLC (b) | 97,983 | 7,893,511 |
| Merck & Co., Inc. (b) | 108,810 | 6,913,787 |
| Mondelez International, Inc., Class A (b) | 135,930 | 5,855,864 |
| Mosaic Co. (b) | 354,460 | 10,343,141 |
| Newell Brands, Inc. (b) | 172,500 | 8,136,825 |
| PayPal Holdings, Inc. (a)(b) | 229,300 | 9,864,486 |
| Pfizer, Inc. (b) | 284,430 | 9,730,350 |
| Common Stocks | Value | |
|---|---|---|
| United States (continued) | ||
| Pioneer Natural Resources Co. (b) | 40,100 | $ 7,467,823 |
| Platform Specialty Products Corp. (a) | 343,573 | 4,473,321 |
| PPL Corp. | 127,100 | 4,752,269 |
| RSP Permian, Inc. (a)(b) | 109,900 | 4,553,157 |
| salesforce.com, Inc. (a)(b) | 112,500 | 9,280,125 |
| ServiceMaster Global Holdings, Inc. (a)(b) | 159,705 | 6,667,684 |
| Skyworks Solutions, Inc. (b) | 47,700 | 4,673,646 |
| Snap, Inc., Class A (a)(b) | 168,539 | 3,797,184 |
| Starbucks Corp. (b) | 126,346 | 7,377,343 |
| Strategic Growth Bancorp. (Acquired 3/10/14, Cost $5,461,692) (a)(e) | 438,690 | 4,391,287 |
| Summit Materials, Inc., Class A (a) | 203,300 | 5,023,543 |
| SVB Financial Group (a)(b) | 35,500 | 6,606,195 |
| Union Pacific Corp. (b) | 57,674 | 6,108,830 |
| UnitedHealth Group, Inc. (b) | 33,277 | 5,457,761 |
| VEREIT, Inc. | 552,600 | 4,691,574 |
| Walt Disney Co. (b) | 80,800 | 9,161,912 |
| Weatherford International PLC (a)(b) | 920,100 | 6,118,665 |
| Wells Fargo & Co. (b)(d) | 260,770 | 14,514,458 |
| WestRock Co. (b) | 92,700 | 4,823,181 |
| Wynn Resorts Ltd. (b) | 55,700 | 6,383,777 |
| 480,278,897 | ||
| Total Common Stocks 96.8% | 945,580,940 | |
| Preferred Stocks | ||
| India 0.3% | ||
| Jasper Infotech Private Ltd., Series F (Acquired 5/7/14, Cost $1,895,230), 0.00% (a)(e) | 266 | 2,351,713 |
| Jasper Infotech Private Ltd., Series G (Acquired 10/29/14, Cost $741,913), 0.00% (a)(e) | 88 | 824,045 |
| 3,175,758 | ||
| United States 1.8% | ||
| Palantir Technologies, Inc., Series I (Acquired 2/7/14, Cost $3,118,944), 0.00% (a)(e) | 508,800 | 4,039,872 |
| Uber Technologies, Inc., Series D (Acquired 6/6/14, Cost $3,845,800), 0.00% (a)(e) | 247,908 | 12,925,923 |
| 16,965,795 | ||
| Total Preferred Stocks 2.1% | 20,141,553 | |
| Total Long Term Investments (Cost $827,629,411) 98.9% | 965,722,493 | |
| Short-Term Securities | ||
| BlackRock Liquidity Funds, T-Fund, Institutional | ||
| Class, 0.60% (f)(g) | 20,413,863 | 20,413,864 |
| Total Short-Term Securities (Cost $20,413,863) 2.1% | 20,413,864 | |
| Total Investments Before Options | ||
| Written (Cost $848,043,274*) 101.0% | 986,136,357 |
2 MARCH 31, 2017
Schedule of Investments (continued) BlackRock Global Opportunities Equity Trust (BOE)
| Options Written | Value | |
|---|---|---|
| (Premiums Received $11,476,481) (1.2)% | $ (11,786,747 | ) |
| Total Investments Net of Options Written 99.8% | 974,349,610 | |
| Other Assets Less Liabilities 0.2% | 2,142,736 | |
| Net Assets 100.0% | $ 976,492,346 |
Notes to Schedule of Investments
| Tax cost | $ | |
|---|---|---|
| Gross unrealized appreciation | $ 150,456,938 | |
| Gross unrealized depreciation | (16,340,952 | ) |
| Net unrealized appreciation | $ 134,115,986 |
(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 exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities 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 $24,532,840 and an original cost of $15,063,579 which was 2.5% of its net assets.
(f) Current yield as of period end.
(g) During the period ended March 31, 2017, 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, T-Fund, Institutional Class | 11,863,116 | 8,550,748 | 20,413,864 | Value at March 31, 2017 — $ 20,413,864 | Income — $ 28,172 | Realized Gain — | | |
|---|---|---|---|---|---|---|---|---|
| SL Liquidity Series, LLC, Money Market Series | | | | | 1,525 | 1 | $ 129 | |
| Total | $ 20,413,864 | $ 29,697 | $ 129 | |
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 — Boston Scientific Corp. | Call | 4/03/17 | USD | 23.90 | 557 | Value — $ (54,197 | ) |
|---|---|---|---|---|---|---|---|
| Alibaba Group Holding Ltd. ADR | Call | 4/07/17 | USD | 106.00 | 111 | (26,584 | ) |
| Alphabet, Inc., Class C | Call | 4/07/17 | USD | 832.50 | 39 | (12,675 | ) |
| Baidu, Inc. ADR | Call | 4/07/17 | USD | 182.50 | 93 | (372 | ) |
| Cigna Corp. | Call | 4/07/17 | USD | 152.50 | 47 | (8,554 | ) |
| E*TRADE Financial Corp. | Call | 4/07/17 | USD | 36.50 | 165 | (5,940 | ) |
| EOG Resources, Inc. | Call | 4/07/17 | USD | 100.00 | 124 | (3,720 | ) |
| Lowes Cos., Inc. | Call | 4/07/17 | USD | 82.00 | 225 | (16,988 | ) |
| Mastercard, Inc., Class A | Call | 4/07/17 | USD | 112.00 | 384 | (34,944 | ) |
| Mondelez International, Inc., Class A | Call | 4/07/17 | USD | 46.50 | 185 | (1,110 | ) |
| Mosaic Co. | Call | 4/07/17 | USD | 32.50 | 229 | (4,351 | ) |
| Mosaic Co. | Call | 4/07/17 | USD | 34.00 | 390 | (6,630 | ) |
| Pioneer Natural Resources Co. | Call | 4/07/17 | USD | 190.00 | 55 | (5,775 | ) |
| Potash Corp. of Saskatchewan, Inc. | Call | 4/07/17 | USD | 17.50 | 96 | (576 | ) |
| salesforce.com, Inc. | Call | 4/07/17 | USD | 83.00 | 86 | (4,988 | ) |
| Skyworks Solutions, Inc. | Call | 4/07/17 | USD | 96.00 | 86 | (20,210 | ) |
| Snap, Inc., Class A | Call | 4/07/17 | USD | 25.00 | 232 | (2,900 | ) |
| UnitedHealth Group, Inc. | Call | 4/07/17 | USD | 162.50 | 8 | (1,832 | ) |
| UnitedHealth Group, Inc. | Call | 4/07/17 | USD | 170.00 | 42 | (567 | ) |
MARCH 31, 2017 3
Schedule of Investments (continued) BlackRock Global Opportunities Equity Trust (BOE)
| Description — Weatherford International PLC | Call | 4/07/17 | USD | 6.00 | 1,000 | Value — $ (68,500 | ) |
|---|---|---|---|---|---|---|---|
| Wells Fargo & Co. | Call | 4/07/17 | USD | 59.50 | 20 | (140 | ) |
| Alibaba Group Holding Ltd. ADR | Call | 4/13/17 | USD | 104.00 | 142 | (61,415 | ) |
| Alibaba Group Holding Ltd. ADR | Call | 4/13/17 | USD | 105.00 | 142 | (49,700 | ) |
| Alphabet, Inc., Class C | Call | 4/13/17 | USD | 845.00 | 20 | (3,400 | ) |
| Amazon.com, Inc. | Call | 4/13/17 | USD | 857.50 | 2 | (6,390 | ) |
| American International Group, Inc. | Call | 4/13/17 | USD | 64.00 | 112 | (2,240 | ) |
| Celgene Corp. | Call | 4/13/17 | USD | 127.00 | 1 | (72 | ) |
| Comcast Corp., Class A | Call | 4/13/17 | USD | 37.50 | 35 | (1,172 | ) |
| E*TRADE Financial Corp. | Call | 4/13/17 | USD | 37.00 | 175 | (4,375 | ) |
| EOG Resources, Inc. | Call | 4/13/17 | USD | 98.00 | 51 | (6,758 | ) |
| Facebook, Inc., Class A | Call | 4/13/17 | USD | 138.00 | 74 | (32,375 | ) |
| Humana, Inc. | Call | 4/13/17 | USD | 220.00 | 68 | (7,310 | ) |
| Mastercard, Inc., Class A | Call | 4/13/17 | USD | 112.00 | 150 | (17,325 | ) |
| Merck & Co., Inc. | Call | 4/13/17 | USD | 66.00 | 109 | (1,308 | ) |
| Mondelez International, Inc., Class A | Call | 4/13/17 | USD | 44.50 | 236 | (3,894 | ) |
| PayPal Holdings, Inc. | Call | 4/13/17 | USD | 43.00 | 179 | (9,666 | ) |
| Pfizer, Inc. | Call | 4/13/17 | USD | 34.00 | 28 | (1,218 | ) |
| Pfizer, Inc. | Call | 4/13/17 | USD | 34.50 | 14 | (252 | ) |
| Potash Corp. of Saskatchewan, Inc. | Call | 4/13/17 | USD | 17.50 | 95 | (1,472 | ) |
| Potash Corp. of Saskatchewan, Inc. | Call | 4/13/17 | USD | 18.00 | 19 | (104 | ) |
| Skyworks Solutions, Inc. | Call | 4/13/17 | USD | 97.50 | 86 | (17,415 | ) |
| Snap, Inc., Class A | Call | 4/13/17 | USD | 25.50 | 232 | (5,800 | ) |
| Starbucks Corp. | Call | 4/13/17 | USD | 56.00 | 180 | (44,910 | ) |
| UnitedHealth Group, Inc. | Call | 4/13/17 | USD | 170.00 | 8 | (160 | ) |
| Weatherford International PLC | Call | 4/13/17 | USD | 6.50 | 1,000 | (30,500 | ) |
| Wells Fargo & Co. | Call | 4/13/17 | USD | 58.50 | 129 | (1,161 | ) |
| Wells Fargo & Co. | Call | 4/13/17 | USD | 59.50 | 496 | (1,736 | ) |
| Acuity Brands, Inc. | Call | 4/21/17 | USD | 222.80 | 64 | (13,441 | ) |
| Adobe Systems, Inc. | Call | 4/21/17 | USD | 120.00 | 252 | (263,340 | ) |
| Adobe Systems, Inc. | Call | 4/21/17 | USD | 132.75 | 453 | (42,025 | ) |
| Alibaba Group Holding Ltd. ADR | Call | 4/21/17 | USD | 105.00 | 94 | (36,425 | ) |
| Allergan PLC | Call | 4/21/17 | USD | 250.00 | 56 | (5,040 | ) |
| Alphabet, Inc., Class C | Call | 4/21/17 | USD | 810.00 | 26 | (60,970 | ) |
| Alphabet, Inc., Class C | Call | 4/21/17 | USD | 850.00 | 54 | (10,935 | ) |
| Amazon.com, Inc. | Call | 4/21/17 | USD | 860.00 | 2 | (6,445 | ) |
| American International Group, Inc. | Call | 4/21/17 | USD | 65.00 | 135 | (1,958 | ) |
| Amgen, Inc. | Call | 4/21/17 | USD | 167.47 | 50 | (5,732 | ) |
| Amgen, Inc. | Call | 4/21/17 | USD | 180.00 | 60 | (360 | ) |
| Apple, Inc. | Call | 4/21/17 | USD | 135.00 | 139 | (125,100 | ) |
| Baidu, Inc. ADR | Call | 4/21/17 | USD | 180.00 | 46 | (2,622 | ) |
| Biogen, Inc. | Call | 4/21/17 | USD | 270.00 | 39 | (32,565 | ) |
| Boston Scientific Corp. | Call | 4/21/17 | USD | 26.00 | 173 | (1,038 | ) |
| Celgene Corp. | Call | 4/21/17 | USD | 125.00 | 119 | (23,622 | ) |
| Cigna Corp. | Call | 4/21/17 | USD | 155.00 | 70 | (8,050 | ) |
| Comcast Corp., Class A | Call | 4/21/17 | USD | 37.50 | 35 | (1,575 | ) |
| Comcast Corp., Class A | Call | 4/21/17 | USD | 37.90 | 396 | (11,195 | ) |
| Concho Resources, Inc. | Call | 4/21/17 | USD | 135.00 | 163 | (12,632 | ) |
| Credicorp Ltd. | Call | 4/21/17 | USD | 170.00 | 150 | (7,125 | ) |
| Crown Holdings, Inc. | Call | 4/21/17 | USD | 55.00 | 230 | (6,900 | ) |
| DaVita, Inc. | Call | 4/21/17 | USD | 70.00 | 295 | (8,850 | ) |
| Dover Corp. | Call | 4/21/17 | USD | 80.00 | 350 | (73,500 | ) |
| Duke Energy Corp. | Call | 4/21/17 | USD | 80.00 | 178 | (45,390 | ) |
| Duke Energy Corp. | Call | 4/21/17 | USD | 82.50 | 60 | (4,500 | ) |
| E*TRADE Financial Corp. | Call | 4/21/17 | USD | 38.00 | 175 | (3,850 | ) |
| Eastman Chemical Co. | Call | 4/21/17 | USD | 80.00 | 225 | (43,312 | ) |
| Eli Lilly & Co. | Call | 4/21/17 | USD | 80.00 | 185 | (87,875 | ) |
| Embraer SA ADR | Call | 4/21/17 | USD | 25.00 | 376 | (5,640 | ) |
| EOG Resources, Inc. | Call | 4/21/17 | USD | 105.00 | 35 | (525 | ) |
| Facebook, Inc., Class A | Call | 4/21/17 | USD | 140.00 | 101 | (32,068 | ) |
| Fomento Economico Mexicano SAB de CV ADR | Call | 4/21/17 | USD | 90.00 | 259 | (35,612 | ) |
| Humana, Inc. | Call | 4/21/17 | USD | 220.00 | 66 | (4,125 | ) |
| Johnson Controls International PLC | Call | 4/21/17 | USD | 42.00 | 500 | (41,250 | ) |
| Johnson Controls International PLC | Call | 4/21/17 | USD | 43.00 | 245 | (8,575 | ) |
4 MARCH 31, 2017
Schedule of Investments (continued) BlackRock Global Opportunities Equity Trust (BOE)
| Description — Kellogg Co. | Call | 4/21/17 | USD | 77.50 | 213 | Value — $ (2,662 | ) |
|---|---|---|---|---|---|---|---|
| Lam Research Corp. | Call | 4/21/17 | USD | 125.00 | 196 | (109,760 | ) |
| Medtronic PLC | Call | 4/21/17 | USD | 82.50 | 77 | (2,002 | ) |
| Mondelez International, Inc., Class A | Call | 4/21/17 | USD | 46.00 | 89 | (1,068 | ) |
| Mosaic Co. | Call | 4/21/17 | USD | 31.00 | 555 | (8,880 | ) |
| Newell Brands, Inc. | Call | 4/21/17 | USD | 48.00 | 474 | (23,700 | ) |
| PayPal Holdings, Inc. | Call | 4/21/17 | USD | 43.00 | 379 | (28,804 | ) |
| Pfizer, Inc. | Call | 4/21/17 | USD | 33.00 | 142 | (18,673 | ) |
| Pioneer Natural Resources Co. | Call | 4/21/17 | USD | 195.00 | 47 | (6,228 | ) |
| Potash Corp. of Saskatchewan, Inc. | Call | 4/21/17 | USD | 18.00 | 96 | (864 | ) |
| RSP Permian, Inc. | Call | 4/21/17 | USD | 40.00 | 304 | (62,320 | ) |
| salesforce.com, Inc. | Call | 4/21/17 | USD | 85.00 | 528 | (30,888 | ) |
| Skyworks Solutions, Inc. | Call | 4/21/17 | USD | 100.00 | 5 | (600 | ) |
| Snap, Inc., Class A | Call | 4/21/17 | USD | 22.00 | 29 | (4,132 | ) |
| Snap, Inc., Class A | Call | 4/21/17 | USD | 26.00 | 231 | (7,508 | ) |
| Starbucks Corp. | Call | 4/21/17 | USD | 57.00 | 120 | (20,520 | ) |
| Union Pacific Corp. | Call | 4/21/17 | USD | 110.00 | 236 | (8,496 | ) |
| UnitedHealth Group, Inc. | Call | 4/21/17 | USD | 170.00 | 42 | (3,507 | ) |
| Walt Disney Co. | Call | 4/21/17 | USD | 110.00 | 244 | (90,890 | ) |
| Weatherford International PLC | Call | 4/21/17 | USD | 7.00 | 780 | (12,090 | ) |
| Weibo Corp. ADR | Call | 4/21/17 | USD | 55.00 | 208 | (19,240 | ) |
| Wells Fargo & Co. | Call | 4/21/17 | USD | 57.00 | 180 | (8,640 | ) |
| WestRock Co. | Call | 4/21/17 | USD | 55.00 | 205 | (6,150 | ) |
| Wynn Resorts Ltd. | Call | 4/21/17 | USD | 110.00 | 153 | (91,800 | ) |
| Alibaba Group Holding Ltd. ADR | Call | 4/28/17 | USD | 108.00 | 171 | (44,631 | ) |
| Alibaba Group Holding Ltd. ADR | Call | 4/28/17 | USD | 109.00 | 134 | (29,547 | ) |
| Amgen, Inc. | Call | 4/28/17 | USD | 182.50 | 27 | (796 | ) |
| Apple, Inc. | Call | 4/28/17 | USD | 139.00 | 225 | (132,750 | ) |
| Baidu, Inc. ADR | Call | 4/28/17 | USD | 180.00 | 105 | (22,418 | ) |
| Celgene Corp. | Call | 4/28/17 | USD | 126.00 | 209 | (55,803 | ) |
| Celgene Corp. | Call | 4/28/17 | USD | 128.00 | 118 | (24,957 | ) |
| Cigna Corp. | Call | 4/28/17 | USD | 155.00 | 70 | (19,530 | ) |
| E*TRADE Financial Corp. | Call | 4/28/17 | USD | 35.50 | 426 | (36,423 | ) |
| Encana Corp. | Call | 4/28/17 | CAD | 16.50 | 504 | (10,043 | ) |
| EOG Resources, Inc. | Call | 4/28/17 | USD | 98.50 | 102 | (19,329 | ) |
| Facebook, Inc., Class A | Call | 4/28/17 | USD | 140.00 | 85 | (34,850 | ) |
| Humana, Inc. | Call | 4/28/17 | USD | 220.00 | 66 | (8,745 | ) |
| Lowes Cos., Inc. | Call | 4/28/17 | USD | 81.50 | 75 | (13,312 | ) |
| Mastercard, Inc., Class A | Call | 4/28/17 | USD | 113.00 | 52 | (7,020 | ) |
| Medtronic PLC | Call | 4/28/17 | USD | 81.50 | 425 | (32,512 | ) |
| Merck & Co., Inc. | Call | 4/28/17 | USD | 64.50 | 43 | (3,956 | ) |
| Merck & Co., Inc. | Call | 4/28/17 | USD | 66.50 | 109 | (9,047 | ) |
| Mondelez International, Inc., Class A | Call | 4/28/17 | USD | 44.00 | 119 | (8,390 | ) |
| Mosaic Co. | Call | 4/28/17 | USD | 31.00 | 555 | (16,926 | ) |
| PayPal Holdings, Inc. | Call | 4/28/17 | USD | 42.50 | 630 | (85,995 | ) |
| Pfizer, Inc. | Call | 4/28/17 | USD | 34.50 | 345 | (13,455 | ) |
| Pioneer Natural Resources Co. | Call | 4/28/17 | USD | 187.50 | 25 | (11,500 | ) |
| Pioneer Natural Resources Co. | Call | 4/28/17 | USD | 192.50 | 21 | (5,565 | ) |
| Potash Corp. of Saskatchewan, Inc. | Call | 4/28/17 | USD | 18.00 | 391 | (10,166 | ) |
| salesforce.com, Inc. | Call | 4/28/17 | USD | 83.00 | 117 | (18,018 | ) |
| ServiceMaster Global Holdings, Inc. | Call | 4/28/17 | USD | 41.50 | 398 | (37,660 | ) |
| Skyworks Solutions, Inc. | Call | 4/28/17 | USD | 100.00 | 85 | (25,075 | ) |
| Snap, Inc., Class A | Call | 4/28/17 | USD | 23.50 | 116 | (12,760 | ) |
| UnitedHealth Group, Inc. | Call | 4/28/17 | USD | 165.00 | 76 | (23,370 | ) |
| Walt Disney Co. | Call | 4/28/17 | USD | 112.00 | 138 | (33,672 | ) |
| Wells Fargo & Co. | Call | 4/28/17 | USD | 56.00 | 59 | (6,077 | ) |
| Wells Fargo & Co. | Call | 4/28/17 | USD | 59.00 | 104 | (1,976 | ) |
| Wells Fargo & Co. | Call | 4/28/17 | USD | 60.00 | 59 | (620 | ) |
| Wynn Resorts Ltd. | Call | 4/28/17 | USD | 110.00 | 153 | (104,040 | ) |
| Duke Energy Corp. | Call | 5/02/17 | USD | 78.70 | 60 | (24,665 | ) |
| Weibo Corp. ADR | Call | 5/03/17 | USD | 55.00 | 208 | (28,552 | ) |
| Alibaba Group Holding Ltd. ADR | Call | 5/05/17 | USD | 109.00 | 133 | (36,708 | ) |
| Alphabet, Inc., Class C | Call | 5/05/17 | USD | 840.00 | 42 | (67,200 | ) |
| American International Group, Inc. | Call | 5/05/17 | USD | 62.00 | 565 | (111,022 | ) |
| Amgen, Inc. | Call | 5/05/17 | USD | 167.50 | 31 | (9,238 | ) |
MARCH 31, 2017 5
Schedule of Investments (continued) BlackRock Global Opportunities Equity Trust (BOE)
| Description — Apple, Inc. | Call | 5/05/17 | USD | 142.00 | 140 | Value — $ (67,200 | ) |
|---|---|---|---|---|---|---|---|
| Biogen, Inc. | Call | 5/05/17 | USD | 280.00 | 39 | (30,615 | ) |
| E*TRADE Financial Corp. | Call | 5/05/17 | USD | 35.00 | 170 | (21,590 | ) |
| EOG Resources, Inc. | Call | 5/05/17 | USD | 96.50 | 163 | (59,495 | ) |
| Facebook, Inc., Class A | Call | 5/05/17 | USD | 142.00 | 100 | (41,250 | ) |
| Merck & Co., Inc. | Call | 5/05/17 | USD | 65.00 | 41 | (3,424 | ) |
| Mondelez International, Inc., Class A | Call | 5/05/17 | USD | 44.50 | 118 | (8,024 | ) |
| PayPal Holdings, Inc. | Call | 5/05/17 | USD | 43.50 | 73 | (7,556 | ) |
| Pfizer, Inc. | Call | 5/05/17 | USD | 34.50 | 378 | (18,900 | ) |
| Potash Corp. of Saskatchewan, Inc. | Call | 5/05/17 | USD | 17.50 | 142 | (6,319 | ) |
| Snap, Inc., Class A | Call | 5/05/17 | USD | 27.00 | 43 | (2,258 | ) |
| Starbucks Corp. | Call | 5/05/17 | USD | 58.00 | 394 | (63,237 | ) |
| SVB Financial Group | Call | 5/05/17 | USD | 194.80 | 40 | (16,974 | ) |
| Union Pacific Corp. | Call | 5/05/17 | USD | 107.00 | 52 | (12,402 | ) |
| Walt Disney Co. | Call | 5/05/17 | USD | 113.00 | 62 | (12,989 | ) |
| Weatherford International PLC | Call | 5/05/17 | USD | 6.50 | 515 | (28,068 | ) |
| Intercontinental Exchange, Inc. | Call | 5/08/17 | USD | 60.50 | 182 | (16,822 | ) |
| Amazon.com, Inc. | Call | 5/12/17 | USD | 880.00 | 37 | (125,338 | ) |
| American International Group, Inc. | Call | 5/12/17 | USD | 64.00 | 135 | (23,018 | ) |
| Apple, Inc. | Call | 5/12/17 | USD | 139.20 | 211 | (133,442 | ) |
| Comcast Corp., Class A | Call | 5/12/17 | USD | 38.25 | 330 | (18,113 | ) |
| EOG Resources, Inc. | Call | 5/12/17 | USD | 100.00 | 90 | (21,375 | ) |
| Merck & Co., Inc. | Call | 5/12/17 | USD | 63.50 | 57 | (9,092 | ) |
| Pfizer, Inc. | Call | 5/12/17 | USD | 34.50 | 403 | (21,560 | ) |
| Weatherford International PLC | Call | 5/12/17 | USD | 7.00 | 515 | (18,540 | ) |
| Acuity Brands, Inc. | Call | 5/19/17 | USD | 220.00 | 64 | (26,240 | ) |
| Alibaba Group Holding Ltd. ADR | Call | 5/19/17 | USD | 110.00 | 143 | (46,475 | ) |
| Allergan PLC | Call | 5/19/17 | USD | 250.00 | 56 | (20,720 | ) |
| Alphabet, Inc., Class C | Call | 5/19/17 | USD | 830.00 | 28 | (63,700 | ) |
| Amazon.com, Inc. | Call | 5/19/17 | USD | 855.00 | 36 | (180,990 | ) |
| American International Group, Inc. | Call | 5/19/17 | USD | 67.50 | 242 | (6,413 | ) |
| Apple, Inc. | Call | 5/19/17 | USD | 140.00 | 82 | (51,865 | ) |
| Baidu, Inc. ADR | Call | 5/19/17 | USD | 180.00 | 90 | (29,250 | ) |
| Boston Scientific Corp. | Call | 5/19/17 | USD | 25.00 | 557 | (45,396 | ) |
| Credicorp Ltd. | Call | 5/19/17 | USD | 170.00 | 180 | (33,300 | ) |
| Duke Energy Corp. | Call | 5/19/17 | USD | 82.50 | 179 | (25,508 | ) |
| Eli Lilly & Co. | Call | 5/19/17 | USD | 85.00 | 125 | (22,438 | ) |
| Embraer SA ADR | Call | 5/19/17 | USD | 25.00 | 376 | (12,220 | ) |
| Facebook, Inc., Class A | Call | 5/19/17 | USD | 145.00 | 85 | (27,625 | ) |
| Fomento Economico Mexicano SAB de CV ADR | Call | 5/19/17 | USD | 90.00 | 64 | (14,720 | ) |
| Fomento Economico Mexicano SAB de CV ADR | Call | 5/19/17 | USD | 95.00 | 64 | (5,280 | ) |
| Intercontinental Exchange, Inc. | Call | 5/19/17 | USD | 60.00 | 239 | (39,435 | ) |
| Lowes Cos., Inc. | Call | 5/19/17 | USD | 82.50 | 145 | (24,868 | ) |
| Medtronic PLC | Call | 5/19/17 | USD | 82.50 | 37 | (2,997 | ) |
| Merck & Co., Inc. | Call | 5/19/17 | USD | 65.00 | 84 | (8,442 | ) |
| Merck & Co., Inc. | Call | 5/19/17 | USD | 67.50 | 155 | (5,192 | ) |
| Pfizer, Inc. | Call | 5/19/17 | USD | 35.00 | 254 | (8,382 | ) |
| Pioneer Natural Resources Co. | Call | 5/19/17 | USD | 195.00 | 25 | (11,000 | ) |
| Potash Corp. of Saskatchewan, Inc. | Call | 5/19/17 | USD | 18.00 | 130 | (4,225 | ) |
| ServiceMaster Global Holdings, Inc. | Call | 5/19/17 | USD | 40.00 | 200 | (51,000 | ) |
| Snap, Inc., Class A | Call | 5/19/17 | USD | 25.00 | 43 | (5,590 | ) |
| Union Pacific Corp. | Call | 5/19/17 | USD | 110.00 | 29 | (4,727 | ) |
| UnitedHealth Group, Inc. | Call | 5/19/17 | USD | 170.00 | 8 | (1,448 | ) |
| Weatherford International PLC | Call | 5/19/17 | USD | 7.00 | 1,250 | (51,250 | ) |
| Wells Fargo & Co. | Call | 5/19/17 | USD | 60.00 | 208 | (4,992 | ) |
| Concho Resources, Inc. | Call | 5/22/17 | USD | 131.75 | 133 | (57,214 | ) |
| Eli Lilly & Co. | Call | 6/02/17 | USD | 84.75 | 186 | (38,408 | ) |
| Pioneer Natural Resources Co. | Call | 6/16/17 | USD | 190.00 | 47 | (41,360 | ) |
| Total | $ (5,195,860 | ) |
6 MARCH 31, 2017
Schedule of Investments (continued) BlackRock Global Opportunities Equity Trust (BOE)
OTC Options Written
| Description | Put/ Call | Counterparty | Expiration Date | Strike Price | Value | |||
|---|---|---|---|---|---|---|---|---|
| Melco Crown Entertainment Ltd. ADR | Call | UBS AG | 4/03/17 | USD | 17.95 | 76,000 | $ (48,408 | ) |
| WestRock Co. | Call | Barclays Bank PLC | 4/03/17 | USD | 54.33 | 32,000 | (157 | ) |
| Kennedy-Wilson Holdings, Inc. | Call | Morgan Stanley & Co. International PLC | 4/04/17 | USD | 21.19 | 55,000 | (56,211 | ) |
| Imperial Brands PLC | Call | Bank of America N.A. | 4/05/17 | GBP | 38.19 | 53,600 | (45,759 | ) |
| Statoil ASA | Call | Morgan Stanley & Co. International PLC | 4/05/17 | NOK | 150.91 | 65,000 | (3,527 | ) |
| Xero Ltd. | Call | Citibank N.A. | 4/05/17 | NZD | 18.99 | 7,900 | (4,437 | ) |
| Alps Electric Co. Ltd. | Call | Bank of America N.A. | 4/06/17 | JPY | 3,517.45 | 62,500 | (106 | ) |
| Azimut Holding SpA | Call | Credit Suisse International | 4/06/17 | EUR | 17.70 | 163,000 | (16 | ) |
| Catcher Technology Co. Ltd. | Call | Goldman Sachs International | 4/06/17 | TWD | 248.75 | 261,000 | (440,718 | ) |
| Cellnex Telecom SA | Call | UBS AG | 4/06/17 | EUR | 14.43 | 40,400 | (43,413 | ) |
| Galp Energia SGPS SA | Call | Morgan Stanley & Co. International PLC | 4/06/17 | EUR | 14.05 | 170,000 | (40,708 | ) |
| Metro Bank PLC | Call | UBS AG | 4/06/17 | GBP | 36.48 | 10,500 | (2 | ) |
| Ping An Insurance Group Co. of China Ltd., Class H | Call | JPMorgan Chase Bank N.A. | 4/06/17 | HKD | 43.64 | 371,000 | (19,013 | ) |
| SMC Corp. | Call | Bank of America N.A. | 4/06/17 | JPY | 32,867.09 | 9,500 | (46,719 | ) |
| SoftBank Group Corp. | Call | JPMorgan Chase Bank N.A. | 4/06/17 | JPY | 8,837.28 | 29,600 | (17 | ) |
| UBS Group AG | Call | Morgan Stanley & Co. International PLC | 4/06/17 | CHF | 16.59 | 135,000 | (20,990 | ) |
| Xero Ltd. | Call | Deutsche Bank AG | 4/06/17 | NZD | 19.67 | 18,000 | (2,970 | ) |
| AstraZeneca PLC | Call | Morgan Stanley & Co. International PLC | 4/07/17 | GBP | 46.50 | 5,100 | (16,769 | ) |
| Delphi Automotive PLC | Call | UBS AG | 4/10/17 | USD | 75.75 | 25,200 | (124,443 | ) |
| VEREIT, Inc. | Call | Deutsche Bank AG | 4/10/17 | USD | 9.09 | 152,000 | (479 | ) |
| Azimut Holding SpA | Call | Bank of America N.A. | 4/11/17 | EUR | 16.24 | 55,400 | (15,865 | ) |
| Cellnex Telecom SA | Call | UBS AG | 4/11/17 | EUR | 14.19 | 45,800 | (61,283 | ) |
| Kellogg Co. | Call | UBS AG | 4/11/17 | USD | 75.45 | 32,200 | (2,179 | ) |
| Metro Bank PLC | Call | UBS AG | 4/11/17 | GBP | 36.26 | 6,700 | (17 | ) |
| Metro Bank PLC | Call | UBS AG | 4/11/17 | GBP | 37.24 | 18,100 | (9 | ) |
| Ping An Insurance Group Co. of China Ltd., Class H | Call | JPMorgan Chase Bank N.A. | 4/11/17 | HKD | 43.85 | 371,000 | (20,409 | ) |
| Babcock International Group PLC | Call | Morgan Stanley & Co. International PLC | 4/12/17 | GBP | 9.45 | 153,000 | (224 | ) |
| Koninklijke Philips NV | Call | Morgan Stanley & Co. International PLC | 4/12/17 | EUR | 28.10 | 61,600 | (132,991 | ) |
| Mosaic Co. | Call | Citibank N.A. | 4/12/17 | USD | 34.02 | 22,000 | (25 | ) |
| Xero Ltd. | Call | UBS AG | 4/12/17 | NZD | 19.19 | 5,000 | (2,274 | ) |
| Summit Materials, Inc., Class A | Call | Citibank N.A. | 4/13/17 | USD | 24.73 | 56,000 | (30,247 | ) |
| Eastman Chemical Co. | Call | Citibank N.A. | 4/17/17 | USD | 80.60 | 22,000 | (31,567 | ) |
| AIA Group Ltd. | Call | JPMorgan Chase Bank N.A. | 4/19/17 | HKD | 49.49 | 138,000 | (11,244 | ) |
| Anhui Conch Cement Co. Ltd., Class H | Call | UBS AG | 4/19/17 | HKD | 28.09 | 560,000 | (12,630 | ) |
| AXA SA | Call | Bank of America N.A. | 4/19/17 | EUR | 23.75 | 60,500 | (46,526 | ) |
| Cellnex Telecom SA | Call | Deutsche Bank AG | 4/19/17 | EUR | 14.95 | 26,000 | (16,780 | ) |
| Euronext NV | Call | Morgan Stanley & Co. International PLC | 4/19/17 | EUR | 42.09 | 29,000 | (6,696 | ) |
| LG Chem Ltd. | Call | UBS AG | 4/19/17 | KRW | 287,640.00 | 10,800 | (111,391 | ) |
| Metro Bank PLC | Call | UBS AG | 4/19/17 | GBP | 35.93 | 10,340 | (309 | ) |
| Naspers Ltd., N Shares | Call | UBS AG | 4/19/17 | ZAR | 2,169.74 | 18,100 | (211,968 | ) |
| Ping An Insurance Group Co. of China Ltd., Class H | Call | Citibank N.A. | 4/19/17 | HKD | 42.87 | 675,000 | (95,244 | ) |
| Unilever PLC | Call | Credit Suisse International | 4/19/17 | GBP | 41.61 | 89,800 | (15,626 | ) |
| Xero Ltd. | Call | Deutsche Bank AG | 4/19/17 | NZD | 19.29 | 15,000 | (6,425 | ) |
| Boston Scientific Corp. | Call | UBS AG | 4/20/17 | USD | 25.22 | 17,300 | (3,866 | ) |
| Lam Research Corp. | Call | Deutsche Bank AG | 4/20/17 | USD | 119.00 | 25,000 | (256,137 | ) |
| Nintendo Co. Ltd. | Call | Citibank N.A. | 4/20/17 | JPY | 25,430.70 | 2,200 | (19,767 | ) |
| Delphi Automotive PLC | Call | UBS AG | 4/24/17 | USD | 75.75 | 25,200 | (137,182 | ) |
| Potash Corp. of Saskatchewan, Inc. | Call | UBS AG | 4/24/17 | USD | 19.16 | 38,000 | (786 | ) |
| Akzo Nobel NV | Call | Goldman Sachs International | 4/25/17 | EUR | 75.76 | 19,000 | (65,669 | ) |
| AstraZeneca PLC | Call | Morgan Stanley & Co. International PLC | 4/25/17 | GBP | 48.99 | 10,700 | (13,632 | ) |
| Embraer SA ADR | Call | UBS AG | 4/25/17 | USD | 25.24 | 37,700 | (6,380 | ) |
| Euronext NV | Call | Morgan Stanley & Co. International PLC | 4/25/17 | EUR | 42.16 | 17,200 | (4,853 | ) |
| GlaxoSmithKline PLC | Call | Deutsche Bank AG | 4/25/17 | GBP | 17.05 | 35,000 | (3,351 | ) |
| KION Group AG | Call | UBS AG | 4/25/17 | EUR | 60.85 | 12,600 | (20,541 | ) |
| Melco Crown Entertainment Ltd. ADR | Call | UBS AG | 4/25/17 | USD | 17.95 | 76,000 | (77,093 | ) |
| Metro Bank PLC | Call | UBS AG | 4/25/17 | GBP | 36.00 | 8,329 | (432 | ) |
MARCH 31, 2017 7
Schedule of Investments (continued) BlackRock Global Opportunities Equity Trust (BOE)
| Description — Renault SA | Put/ Call — Call | Counterparty — Deutsche Bank AG | 4/25/17 | Strike Price — EUR | 85.55 | 20,000 | Value — $ (12,028 | ) |
|---|---|---|---|---|---|---|---|---|
| Samsung SDI Co. Ltd. | Call | Deutsche Bank AG | 4/25/17 | KRW | 134,773.60 | 24,000 | (137,262 | ) |
| SMC Corp. | Call | Bank of America N.A. | 4/25/17 | JPY | 33,682.83 | 3,800 | (21,760 | ) |
| Sumitomo Mitsui Financial Group, Inc. | Call | Bank of America N.A. | 4/25/17 | JPY | 4,442.11 | 111,000 | (8,751 | ) |
| UniCredit SpA | Call | Credit Suisse International | 4/25/17 | EUR | 14.01 | 240,000 | (169,373 | ) |
| Alps Electric Co. Ltd. | Call | Bank of America N.A. | 4/26/17 | JPY | 3,666.80 | 26,400 | (962 | ) |
| Anhui Conch Cement Co. Ltd., Class H | Call | UBS AG | 4/26/17 | HKD | 27.96 | 561,000 | (22,573 | ) |
| CNH Industrial NV | Call | Bank of America N.A. | 4/26/17 | EUR | 9.06 | 99,700 | (21,739 | ) |
| Euronext NV | Call | Morgan Stanley & Co. International PLC | 4/26/17 | EUR | 41.65 | 12,000 | (5,995 | ) |
| FANUC Corp. | Call | UBS AG | 4/26/17 | JPY | 22,950.52 | 8,100 | (40,570 | ) |
| LG Chem Ltd. | Call | JPMorgan Chase Bank N.A. | 4/26/17 | KRW | 282,645.73 | 9,000 | (129,665 | ) |
| Nestle SA | Call | Bank of America N.A. | 4/26/17 | CHF | 76.20 | 37,700 | (26,855 | ) |
| Nippon Yusen KK | Call | Bank of America N.A. | 4/26/17 | JPY | 268.83 | 591,000 | (2,506 | ) |
| thyssenkrupp AG | Call | HSBC Bank PLC | 4/26/17 | EUR | 23.16 | 63,600 | (31,391 | ) |
| Weichai Power Co. Ltd., H Shares | Call | UBS AG | 4/26/17 | HKD | 14.85 | 580,000 | (9,392 | ) |
| AXA SA | Call | Morgan Stanley & Co. International PLC | 4/27/17 | EUR | 24.07 | 60,000 | (38,134 | ) |
| Centene Corp. | Call | Citibank N.A. | 4/27/17 | USD | 69.15 | 43,100 | (139,316 | ) |
| China Construction Bank Corp., Class H | Call | JPMorgan Chase Bank N.A. | 4/27/17 | HKD | 6.70 | 1,974,000 | (6,206 | ) |
| Galp Energia SGPS SA | Call | Morgan Stanley & Co. International PLC | 4/27/17 | EUR | 13.70 | 100,000 | (61,476 | ) |
| Johnson Controls International PLC | Call | Barclays Bank PLC | 4/27/17 | USD | 42.24 | 59,700 | (43,558 | ) |
| Newell Brands, Inc. | Call | Bank of America N.A. | 4/27/17 | USD | 49.14 | 47,400 | (13,070 | ) |
| Nintendo Co. Ltd. | Call | Bank of America N.A. | 4/27/17 | JPY | 25,734.55 | 12,000 | (104,784 | ) |
| Statoil ASA | Call | Deutsche Bank AG | 4/27/17 | NOK | 149.61 | 85,800 | (25,515 | ) |
| UBS Group AG | Call | Morgan Stanley & Co. International PLC | 4/27/17 | CHF | 16.18 | 89,000 | (33,130 | ) |
| Unilever PLC | Call | BNP Paribas S.A. | 4/27/17 | GBP | 41.21 | 59,400 | (23,531 | ) |
| Xero Ltd. | Call | Deutsche Bank AG | 4/27/17 | NZD | 19.94 | 12,000 | (2,356 | ) |
| Assured Guaranty Ltd. | Call | Bank of America N.A. | 4/28/17 | USD | 39.55 | 32,000 | (3,912 | ) |
| Eni SpA | Call | Deutsche Bank AG | 4/28/17 | EUR | 14.60 | 40,200 | (32,443 | ) |
| Imperial Brands PLC | Call | Bank of America N.A. | 4/28/17 | GBP | 38.75 | 37,300 | (37,180 | ) |
| Kennedy-Wilson Holdings, Inc. | Call | Deutsche Bank AG | 4/28/17 | USD | 21.47 | 32,100 | (32,905 | ) |
| KION Group AG | Call | Deutsche Bank AG | 4/28/17 | EUR | 57.79 | 10,500 | (42,124 | ) |
| RSP Permian, Inc. | Call | Goldman Sachs International | 4/28/17 | USD | 42.94 | 30,000 | (20,859 | ) |
| Xero Ltd. | Call | Deutsche Bank AG | 4/28/17 | NZD | 19.51 | 8,500 | (3,089 | ) |
| Calpine Corp. | Call | Deutsche Bank AG | 5/01/17 | USD | 11.46 | 118,800 | (30,388 | ) |
| AXA SA | Call | Credit Suisse International | 5/02/17 | EUR | 24.11 | 60,000 | (55,723 | ) |
| Babcock International Group PLC | Call | Morgan Stanley & Co. International PLC | 5/02/17 | GBP | 9.46 | 82,100 | (1,211 | ) |
| Cellnex Telecom SA | Call | Morgan Stanley & Co. International PLC | 5/02/17 | EUR | 15.46 | 13,600 | (5,548 | ) |
| Cellnex Telecom SA | Call | Morgan Stanley & Co. International PLC | 5/02/17 | EUR | 15.64 | 56,500 | (18,166 | ) |
| Metro Bank PLC | Call | Morgan Stanley & Co. International PLC | 5/02/17 | GBP | 33.15 | 8,000 | (5,979 | ) |
| Nestle SA | Call | Morgan Stanley & Co. International PLC | 5/02/17 | CHF | 77.37 | 37,000 | (10,159 | ) |
| ServiceMaster Global Holdings, Inc. | Call | Citibank N.A. | 5/02/17 | USD | 42.15 | 28,000 | (24,889 | ) |
| Weichai Power Co. Ltd., H Shares | Call | UBS AG | 5/02/17 | HKD | 14.92 | 580,000 | (11,063 | ) |
| Anheuser-Busch InBev SA | Call | UBS AG | 5/03/17 | EUR | 101.96 | 46,000 | (90,145 | ) |
| Cellnex Telecom SA | Call | Morgan Stanley & Co. International PLC | 5/03/17 | EUR | 15.32 | 56,500 | (27,844 | ) |
| Eni SpA | Call | Bank of America N.A. | 5/03/17 | EUR | 15.11 | 120,900 | (39,391 | ) |
| Iliad SA | Call | UBS AG | 5/03/17 | EUR | 209.58 | 10,300 | (62,835 | ) |
| KION Group AG | Call | Deutsche Bank AG | 5/03/17 | EUR | 58.66 | 24,000 | (83,486 | ) |
| Koninklijke Philips NV | Call | Morgan Stanley & Co. International PLC | 5/03/17 | EUR | 28.09 | 61,600 | (143,185 | ) |
| Naspers Ltd., N Shares | Call | Bank of America N.A. | 5/03/17 | ZAR | 2,216.36 | 15,000 | (156,872 | ) |
| Renault SA | Call | HSBC Bank PLC | 5/03/17 | EUR | 87.51 | 20,000 | (18,176 | ) |
| Summit Materials, Inc., Class A | Call | Citibank N.A. | 5/03/17 | USD | 24.73 | 56,000 | (48,624 | ) |
| Calpine Corp. | Call | UBS AG | 5/04/17 | USD | 11.26 | 118,000 | (41,029 | ) |
| AstraZeneca PLC | Call | Morgan Stanley & Co. International PLC | 5/05/17 | GBP | 50.09 | 23,500 | (26,277 | ) |
| SVB Financial Group | Call | Barclays Bank PLC | 5/05/17 | USD | 194.75 | 18,400 | (78,335 | ) |
| Kennedy-Wilson Holdings, Inc. | Call | Barclays Bank PLC | 5/08/17 | USD | 21.50 | 32,000 | (34,792 | ) |
| AIA Group Ltd. | Call | Citibank N.A. | 5/09/17 | HKD | 49.64 | 247,000 | (30,050 | ) |
| Catcher Technology Co. Ltd. | Call | UBS AG | 5/09/17 | TWD | 262.14 | 261,000 | (339,115 | ) |
| China Construction Bank Corp., Class H | Call | JPMorgan Chase Bank N.A. | 5/09/17 | HKD | 6.73 | 1,974,000 | (9,597 | ) |
| Eni SpA | Call | Bank of America N.A. | 5/09/17 | EUR | 14.78 | 61,800 | (38,120 | ) |
8 MARCH 31, 2017
Schedule of Investments (continued) BlackRock Global Opportunities Equity Trust (BOE)
| Description — Galp Energia SGPS SA | Put/ Call — Call | Counterparty — Credit Suisse International | 5/09/17 | Strike Price — EUR | 13.69 | 99,800 | Value — $ (66,444 | ) |
|---|---|---|---|---|---|---|---|---|
| Nippon Yusen KK | Call | Bank of America N.A. | 5/09/17 | JPY | 270.14 | 591,000 | (5,713 | ) |
| Statoil ASA | Call | Citibank N.A. | 5/09/17 | NOK | 148.62 | 71,000 | (32,457 | ) |
| Taiwan Semiconductor Manufacturing Co. Ltd. | Call | Morgan Stanley & Co. International PLC | 5/09/17 | TWD | 186.60 | 386,000 | (65,157 | ) |
| Weichai Power Co. Ltd., H Shares | Call | JPMorgan Chase Bank N.A. | 5/09/17 | HKD | 15.25 | 1,011,000 | (17,603 | ) |
| Xero Ltd. | Call | UBS AG | 5/09/17 | NZD | 18.73 | 10,000 | (8,066 | ) |
| Boston Scientific Corp. | Call | Barclays Bank PLC | 5/10/17 | USD | 25.00 | 13,900 | (10,139 | ) |
| Potash Corp. of Saskatchewan, Inc. | Call | Deutsche Bank AG | 5/10/17 | USD | 19.25 | 45,000 | (2,628 | ) |
| thyssenkrupp AG | Call | UBS AG | 5/10/17 | EUR | 22.79 | 90,000 | (91,101 | ) |
| VEREIT, Inc. | Call | Bank of America N.A. | 5/10/17 | USD | 8.60 | 152,000 | (41,757 | ) |
| AIA Group Ltd. | Call | UBS AG | 5/11/17 | HKD | 51.05 | 247,000 | (16,908 | ) |
| Anheuser-Busch InBev SA | Call | UBS AG | 5/11/17 | EUR | 104.86 | 4,300 | (4,815 | ) |
| CNH Industrial NV | Call | Credit Suisse International | 5/11/17 | EUR | 9.23 | 318,000 | (64,362 | ) |
| FANUC Corp. | Call | Morgan Stanley & Co. International PLC | 5/11/17 | JPY | 23,815.88 | 10,900 | (32,281 | ) |
| Iliad SA | Call | Morgan Stanley & Co. International PLC | 5/11/17 | EUR | 214.86 | 10,000 | (44,666 | ) |
| Renault SA | Call | UBS AG | 5/11/17 | EUR | 84.03 | 9,800 | (21,873 | ) |
| SoftBank Group Corp. | Call | JPMorgan Chase Bank N.A. | 5/11/17 | JPY | 8,280.00 | 18,000 | (21,629 | ) |
| Taiwan Semiconductor Manufacturing Co. Ltd. | Call | Deutsche Bank AG | 5/11/17 | TWD | 198.34 | 393,000 | (12,026 | ) |
| Xero Ltd. | Call | Deutsche Bank AG | 5/11/17 | NZD | 19.10 | 10,000 | (6,114 | ) |
| Xero Ltd. | Call | Deutsche Bank AG | 5/11/17 | NZD | 20.04 | 13,000 | (2,985 | ) |
| Crown Holdings, Inc. | Call | UBS AG | 5/15/17 | USD | 54.56 | 32,200 | (26,338 | ) |
| Melco Crown Entertainment Ltd. ADR | Call | Royal Bank of Canada | 5/16/17 | USD | 17.02 | 170,000 | (296,234 | ) |
| PPL Corp. | Call | Barclays Bank PLC | 5/16/17 | USD | 36.80 | 44,000 | (46,270 | ) |
| UniCredit SpA | Call | Credit Suisse International | 5/16/17 | EUR | 14.01 | 240,000 | (265,342 | ) |
| DaVita, Inc. | Call | Citibank N.A. | 5/17/17 | USD | 67.80 | 30,000 | (59,688 | ) |
| Lam Research Corp. | Call | Deutsche Bank AG | 5/17/17 | USD | 119.25 | 8,600 | (99,956 | ) |
| GlaxoSmithKline PLC | Call | UBS AG | 5/25/17 | GBP | 16.96 | 90,600 | (18,155 | ) |
| Kennedy-Wilson Holdings, Inc. | Call | Barclays Bank PLC | 5/25/17 | USD | 22.15 | 32,000 | (21,938 | ) |
| Sumitomo Mitsui Financial Group, Inc. | Call | Morgan Stanley & Co. International PLC | 5/25/17 | JPY | 4,182.07 | 24,200 | (17,969 | ) |
| UBS Group AG | Call | Deutsche Bank AG | 5/26/17 | CHF | 16.17 | 89,000 | (22,022 | ) |
| PPL Corp. | Call | Citibank N.A. | 5/30/17 | USD | 36.78 | 17,900 | (24,933 | ) |
| PPL Corp. | Call | Credit Suisse International | 5/30/17 | USD | 37.60 | 8,000 | (6,635 | ) |
| Naspers Ltd., N Shares | Call | UBS AG | 6/01/17 | ZAR | 2,331.08 | 3,200 | (24,794 | ) |
| Total | $ (6,590,887 | ) |
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. Investments classified within Level 3 have significant unobservable inputs used by the BlackRock Global Valuation Methodologies Committee (the Global Valuation Committee) in determining the price for Fair Valued Investments. Level 3 investments include equity or debt issued by privately held companies or funds. There may not be a secondary market, and/or there are a limited number of investors. Level 3 investments may also be adjusted to reflect illiquidity and/or non-transferability, with the amount of such discount estimated by the Global Valuation Committeeinthe absence of market information.
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
MARCH 31, 2017 9
Schedule of Investments (continued) BlackRock Global Opportunities Equity Trust (BOE)
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 | | | | | |||
| Belgium | | $ 10,013,240 | | $ 10,013,240 | |||
| Brazil | $ 4,550,688 | | | 4,550,688 | |||
| Canada | 11,644,513 | | | 11,644,513 | |||
| China | 35,431,586 | 34,136,992 | | 69,568,578 | |||
| France | | 29,233,658 | | 29,233,658 | |||
| Germany | | 12,420,658 | | 12,420,658 | |||
| Hong Kong | 10,845,900 | 7,251,808 | | 18,097,708 | |||
| India | | 37,119,572 | | 37,119,572 | |||
| Indonesia | | 11,225,150 | | 11,225,150 | |||
| Ireland | 5,531,798 | | | 5,531,798 | |||
| Italy | | 26,986,277 | | 26,986,277 | |||
| Japan | | 44,471,547 | | 44,471,547 | |||
| Mexico | 6,249,512 | | | 6,249,512 | |||
| Netherlands | | 8,743,885 | | 8,743,885 | |||
| New Zealand | | 4,853,894 | | 4,853,894 | |||
| Norway | | 9,150,498 | | 9,150,498 | |||
| Peru | 9,798,000 | | | 9,798,000 | |||
| Philippines | 2,725,384 | | | 2,725,384 | |||
| Portugal | | 10,198,576 | | 10,198,576 | |||
| South Africa | | 11,398,460 | | 11,398,460 | |||
| South Korea | | 19,292,234 | | 19,292,234 | |||
| Spain | | 7,149,238 | | 7,149,238 | |||
| Switzerland | | 19,529,843 | | 19,529,843 | |||
| Taiwan | | 18,268,144 | | 18,268,144 | |||
| Thailand | 5,478,798 | | | 5,478,798 | |||
| United Kingdom | 5,963,492 | 45,638,698 | | 51,602,190 | |||
| United States | 475,887,610 | | $ 4,391,287 | 480,278,897 | |||
| Preferred Stocks | | | 20,141,553 | 20,141,553 | |||
| Short-Term Securities | 20,413,864 | | | 20,413,864 | |||
| Total Investments | $ 594,521,145 | $ 367,082,372 | $ 24,532,840 | $ 986,136,357 | |||
| Level 1 | Level 2 | Level 3 | Total | ||||
| Derivative Financial Instruments 1 | |||||||
| Liabilities: | |||||||
| Equity contracts | $ (4,697,420 | ) | $ (7,089,327 | ) | | $ (11,786,747 | ) |
| 1 Derivative | |||||||
| financial instruments are options written, which are shown at value. | |||||||
| Transfers between Level 1 and Level 2 were as follow: | |||||||
| Transfers into Level 1 | Transfers out of Level 1 1 | Transfers into Level 2 1 | Transfers out of Level 2 | ||||
| Assets: | |||||||
| Investments: | |||||||
| Long-Term Investments: | |||||||
| Common Stocks | | $ (16,689,749 | ) | $ 16,689,749 | |
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.
10 MARCH 31, 2017
Schedule of Investments (concluded) BlackRock Global Opportunities Equity Trust (BOE)
A reconciliation of Level 3 investments is presented when the Trust had a significant amount of Level 3 investments at the beginning and/or end of the period in relation to net assets. The following table is a reconciliation of Level 3 investments for which significant unobservable inputs were used in determining fair value:
| Common Stocks | Preferred Stocks | Total | ||||
|---|---|---|---|---|---|---|
| Assets: | ||||||
| Opening Balance, as of December 31, 2016 | $ 4,421,995 | $ 24,994,450 | $ 29,416,445 | |||
| Transfers into Level 3 | | | | |||
| Transfers out of Level 3 | | | | |||
| Accrued discounts/premiums | | | | |||
| Net realized gain (loss) | | | | |||
| Net change in unrealized | ||||||
| appreciation/depreciation 1 | (30,708 | ) | (4,852,897 | ) | (4,883,605 | ) |
| Purchases | | | | |||
| Sales | | | | |||
| Closing Balance, as of March 31, 2017 | $ 4,391,287 | $ 20,141,553 | $ 24,532,840 | |||
| Net change in unrealized appreciation/depreciation on investments still held at March 31, 2017 1 | $ (30,708 | ) | $ (4,852,897 | ) | $ (4,883,605 | ) |
1 Any difference between net change in unrealized appreciation (depreciation) and net change in unrealized appreciation (depreciation) on investments still held at March 31, 2017 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.
| Value | Valuation Approach | Unobservable Inputs | |||
|---|---|---|---|---|---|
| Assets: | |||||
| Common Stocks | $ 4,391,287 | Market | Tangible Book Value Multiple 1 | 1.80x | |
| Preferred Stocks 3 | 20,141,553 | Market | Revenue Growth Rate 1 | 133% - 187.00% | 174.14% |
| Revenue Multiple 1 | 10.75x - 32.5x | 15.46x | |||
| Time to Exit 2 | 2-3 years | | |||
| Volatility 1 | 38.00% | | |||
| Total | $ 24,532,840 |
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.
3 For the period ended March 31, 2017, the valuation technique for investments classified as preferred stocks amounting to $3,175,758 changed to an Option Pricing Model. The investments were previously valued utilizing Probability-Weighted Expected Return Model. The change was due to consideration of liquidation preferences and exit strategy.
MARCH 31, 2017 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: | /s/ John M. Perlowski |
| John M. Perlowski | |
| Chief Executive Officer (principal executive officer) of | |
| BlackRock Global Opportunities Equity Trust | |
| Date: | May 23, 2017 |
| Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and | |
| on the dates indicated. | |
| By: | /s/ John M. Perlowski |
| John M. Perlowski | |
| Chief Executive Officer (principal executive officer) of | |
| BlackRock Global Opportunities Equity Trust | |
| Date: | May 23, 2017 |
| By: | /s/ Neal J. Andrews |
| Neal J. Andrews | |
| Chief Financial Officer (principal financial officer) of | |
| BlackRock Global Opportunities Equity Trust | |
| Date: | May 23, 2017 |
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