Regulatory Filings • Nov 21, 2018
Preview not available for this file type.
Download Source FileN-Q 1 d620820dnq.htm BLACKROCK ENHANCED GLOBAL DIVIDEND TRUST BlackRock Enhanced Global Dividend 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 Enhanced Global Dividend Trust (BOE)
Fund Address: 100 Bellevue Parkway, Wilmington, DE 19809
Name and address of agent for service: John M. Perlowski, Chief Executive Officer, BlackRock Enhanced Global Dividend 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: 12/31/2018
Date of reporting period: 09/30/2018
Item 1 Schedule of Investments
Schedule of Investments (Unaudited) September 30, 2018 BlackRock Enhanced Global Dividend Trust (BOE) (Percentages shown are based on Net Assets)
| Security | Value | |
|---|---|---|
| Common Stocks 98.6% | ||
| Australia 4.9% | ||
| Amcor Ltd. | 2,166,058 | $ 21,407,601 |
| Ansell Ltd. | 406,296 | 7,411,182 |
| Ensogo Ltd. (a)(b) | 418,198 | 3 |
| Sonic Healthcare Ltd. | 666,385 | 11,989,973 |
| 40,808,759 | ||
| Belgium 0.7% | ||
| bpost SA | 373,254 | 6,057,176 |
| Canada 6.4% | ||
| Rogers Communications, Inc., Class B | 497,518 | 25,587,520 |
| TELUS Corp. | 748,123 | 27,575,687 |
| 53,163,207 | ||
| China 0.9% | ||
| ANTA Sports Products Ltd. | 1,514,000 | 7,227,581 |
| Denmark 1.0% | ||
| Novo Nordisk A/S, Class B | 186,453 | 8,775,421 |
| Finland 3.1% | ||
| Kone OYJ, Class B | 482,959 | 25,779,749 |
| France 3.9% | ||
| Sanofi | 269,290 | 24,060,303 |
| Schneider Electric SE | 111,650 | 8,965,158 |
| 33,025,461 | ||
| Germany 2.3% | ||
| Deutsche Post AG, Registered Shares | 545,851 | 19,407,376 |
| India 0.9% | ||
| Hero MotoCorp Ltd. | 167,596 | 6,782,778 |
| Jasper Infotech Private Ltd. (Acquired 05/07/14, cost $2,637,143), 0.00% (a)(c) | 3,540 | 726,939 |
| 7,509,717 | ||
| Ireland 1.5% | ||
| Medtronic PLC (d) | 125,110 | 12,307,071 |
| Japan 1.0% | ||
| Japan Tobacco, Inc. | 310,500 | 8,108,181 |
| Netherlands 2.5% | ||
| Heineken NV | 111,338 | 10,449,142 |
| Koninklijke Philips NV | 237,749 | 10,836,948 |
| 21,286,090 | ||
| Singapore 2.9% | ||
| DBS Group Holdings Ltd. | 661,968 | 12,628,458 |
| Security | Value | |
|---|---|---|
| Singapore (continued) | ||
| United Overseas Bank Ltd. | 606,000 | $ 11,979,668 |
| 24,608,126 | ||
| Sweden 1.4% | ||
| Svenska Handelsbanken AB, Class A | 937,035 | 11,817,545 |
| Switzerland 7.6% | ||
| Nestle SA, Registered Shares | 305,978 | 25,468,554 |
| Novartis AG, Registered Shares | 347,751 | 29,933,868 |
| SGS SA, Registered Shares | 3,121 | 8,217,378 |
| 63,619,800 | ||
| Taiwan 2.6% | ||
| Far EasTone Telecommunications Co. Ltd. | 2,529,000 | 6,029,854 |
| Taiwan Semiconductor Manufacturing Co. Ltd. | 1,796,000 | 15,326,225 |
| 21,356,079 | ||
| United Kingdom 13.8% | ||
| AstraZeneca PLC | 241,470 | 18,821,148 |
| British American Tobacco PLC | 415,935 | 19,391,096 |
| Diageo PLC | 384,545 | 13,623,691 |
| GlaxoSmithKline PLC | 910,852 | 18,266,874 |
| Imperial Brands PLC | 626,898 | 21,814,763 |
| Unilever PLC | 427,866 | 23,504,434 |
| 115,422,006 | ||
| United States 41.3% | ||
| 3M Co. (d) | 75,958 | 16,005,110 |
| AbbVie, Inc. (d) | 95,833 | 9,063,885 |
| Altria Group, Inc. (d)(e) | 491,905 | 29,666,791 |
| Cisco Systems, Inc. (d)(e) | 538,639 | 26,204,787 |
| Citizens Financial Group, Inc. | 167,555 | 6,462,596 |
| Coca-Cola Co. (d) | 579,723 | 26,777,405 |
| FirstSun Capital Bancorp, (Acquired 03/10/14, cost | ||
| $5,461,692) (a)(c) | 120,312 | 4,464,791 |
| Genuine Parts Co. (d) | 242,320 | 24,086,608 |
| International Paper Co. (d) | 303,694 | 14,926,560 |
| Johnson & Johnson (d)(e) | 231,391 | 31,971,307 |
| M&T Bank Corp. (d) | 69,614 | 11,454,288 |
| Microsoft Corp. (d) | 75,620 | 8,648,659 |
| Paychex, Inc. (d) | 119,608 | 8,809,129 |
| PepsiCo, Inc. (d) | 186,245 | 20,822,191 |
| Pfizer, Inc. (d)(e) | 430,649 | 18,978,702 |
| Philip Morris International, Inc. (d) | 219,915 | 17,931,869 |
| Procter & Gamble Co. (d) | 220,742 | 18,372,357 |
| U.S. Bancorp (d) | 249,836 | 13,193,839 |
| United Parcel Service, Inc., Class B (d) | 76,232 | 8,900,086 |
| United Technologies Corp. (d) | 124,974 | 17,472,615 |
1
Schedule of Investments (unaudited) (continued) September 30, 2018 BlackRock Enhanced Global Dividend Trust (BOE) (Percentages shown are based on Net Assets)
| Security | Value | |
|---|---|---|
| United States (continued) | ||
| Wells Fargo & Co. (d) | 228,446 | $ 12,007,122 |
| 346,220,697 | ||
| Total Common Stocks 98.7% (Cost $825,952,577) | 826,500,042 | |
| Preferred Stocks 0.7% | ||
| United States 0.7% | ||
| Palantir Technologies, Inc., Series I (Acquired 03/27/14, cost $3,118,944), 0.00% (a)(c) | 508,800 | 2,951,040 |
| Uber Technologies, Inc., Series D (Acquired 06/01/14, cost $11,391,473), 0.00% (a)(c) | 68,723 | 3,050,614 |
| 6,001,654 | ||
| Total Preferred Stocks 0.7% (Cost $4,185,045) | 6,001,654 | |
| Total Long-Term Investments 99.4% (Cost $830,137,622) | 832,501,696 |
| Security | Value | ||
|---|---|---|---|
| Short-Term Securities 0.6% | |||
| BlackRock Liquidity Funds, T-Fund, Institutional Class, 1.97% (f)(g) | 4,542,317 | $ 4,542,317 | |
| Total Short-Term Securities 0.6% (Cost $4,542,317) | 4,542,317 | ||
| Total Investments Before Options Written 100.0% (Cost | |||
| $834,679,939) | 837,044,013 | ||
| Options Written (0.9)% (Premiums Received $5,988,430) | (7,049,687 | ) | |
| Total Investments, Net of Options Written 99.1% (Cost | |||
| $828,691,509) | 829,994,326 | ||
| Other Assets Less Liabilities 0.9% | 7,371,376 | ||
| Net Assets 100.0% | $ 837,365,702 |
(a) Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.
(b) Non-income producing security.
(c) Restricted security as to resale, excluding 144A securities. As of period end, the Trust held restricted securities with a current value of $11,193,384 and an original cost of $22,609,252, which was 2.7% of its net assets.
(d) All or a portion of the security has been pledged and/or segregated as collateral in connection with outstanding exchange-traded options written.
(e ) All or a portion of the security has been pledged as collateral in connection with outstanding OTC derivatives.
(f) Annualized 7-day yield as of period end.
(g) During the period ended September 30, 2018, investments in issuers considered to be an affiliate of the Trust for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, and/or related parties of the Trust were as follows:
| Affiliate — BlackRock Liquidity Funds, T-Fund, Institutional Class | 13,118,524 | (8,576,207 | ) | 4,542,317 | Value at 09/30/18 — $ 4,542,317 | Income — $ 68,123 | Net Realized Gain (Loss) (a) — $ | Change in Unrealized Appreciation (Depreciation) — $ |
|---|---|---|---|---|---|---|---|---|
(a) Includes net capital gain distributions, if applicable.
| Currency Abbreviations | |
|---|---|
| AUD | Australian Dollar |
| CAD | Canadian Dollar |
| CHF | Swiss Franc |
| DKK | Danish Krone |
| EUR | Euro |
| GBP | British Pound |
| HKD | Hong Kong Dollar |
| INR | Indian Rupee |
2
Schedule of Investments (unaudited) (continued) September 30, 2018 BlackRock Enhanced Global Dividend Trust (BOE)
| JPY | Japanese Yen |
|---|---|
| SEK | Swedish Krona |
| SGD | Singapore Dollar |
| TWD | Taiwan New Dollar |
| USD | United States Dollar |
Derivative Financial Instruments Outstanding as of Period End
Exchange-Traded Options Written
| Description | Value | |||||||
|---|---|---|---|---|---|---|---|---|
| Call | ||||||||
| 3M Co. | 34 | 10/05/18 | USD | 215.00 | USD | 716 | $ (1,071 | ) |
| Cisco Systems, Inc. | 904 | 10/05/18 | USD | 47.00 | USD | 4,398 | (153,680 | ) |
| Cisco Systems, Inc. | 257 | 10/05/18 | USD | 48.00 | USD | 1,250 | (20,175 | ) |
| International Paper Co. | 258 | 10/05/18 | USD | 53.00 | USD | 1,268 | (387 | ) |
| International Paper Co. | 32 | 10/05/18 | USD | 52.00 | USD | 157 | (128 | ) |
| Johnson & Johnson | 400 | 10/05/18 | USD | 136.00 | USD | 5,527 | (100,000 | ) |
| Medtronic PLC | 81 | 10/05/18 | USD | 95.01 | USD | 797 | (28,277 | ) |
| Microsoft Corp. | 200 | 10/05/18 | USD | 109.00 | USD | 2,287 | (111,500 | ) |
| PepsiCo, Inc. | 165 | 10/05/18 | USD | 115.00 | USD | 1,845 | (4,372 | ) |
| Pfizer, Inc. | 408 | 10/05/18 | USD | 40.05 | USD | 1,798 | (164,728 | ) |
| Philip Morris International, Inc. | 176 | 10/05/18 | USD | 82.00 | USD | 1,435 | (9,768 | ) |
| Procter & Gamble Co. | 306 | 10/05/18 | USD | 83.50 | USD | 2,547 | (13,770 | ) |
| U.S. Bancorp | 220 | 10/05/18 | USD | 53.51 | USD | 1,162 | (5,463 | ) |
| United Parcel Service, Inc., Class B | 151 | 10/05/18 | USD | 126.00 | USD | 1,763 | (1,359 | ) |
| United Technologies Corp. | 245 | 10/05/18 | USD | 133.00 | USD | 3,425 | (173,950 | ) |
| Wells Fargo & Co. | 290 | 10/05/18 | USD | 59.50 | USD | 1,524 | (580 | ) |
| Wells Fargo & Co. | 13 | 10/05/18 | USD | 54.50 | USD | 68 | (71 | ) |
| AbbVie, Inc. | 158 | 10/12/18 | USD | 95.00 | USD | 1,494 | (18,328 | ) |
| Cisco Systems, Inc. | 257 | 10/12/18 | USD | 47.94 | USD | 1,250 | (21,802 | ) |
| Coca-Cola Co. | 507 | 10/12/18 | USD | 45.50 | USD | 2,342 | (43,856 | ) |
| Genuine Parts Co. | 329 | 10/12/18 | USD | 100.00 | USD | 3,270 | (26,320 | ) |
| International Paper Co. | 258 | 10/12/18 | USD | 53.50 | USD | 1,268 | (2,838 | ) |
| International Paper Co. | 33 | 10/12/18 | USD | 52.00 | USD | 162 | (231 | ) |
| Microsoft Corp. | 62 | 10/12/18 | USD | 113.00 | USD | 709 | (15,035 | ) |
| PepsiCo, Inc. | 3 | 10/12/18 | USD | 116.00 | USD | 34 | (78 | ) |
| Pfizer, Inc. | 408 | 10/12/18 | USD | 40.15 | USD | 1,798 | (161,356 | ) |
| Procter & Gamble Co. | 216 | 10/12/18 | USD | 84.00 | USD | 1,798 | (10,368 | ) |
| Rogers Communications, Inc., Class B | 123 | 10/12/18 | CAD | 67.50 | CAD | 817 | (2,666 | ) |
| Rogers Communications, Inc., Class B | 124 | 10/12/18 | CAD | 68.00 | CAD | 824 | (1,680 | ) |
| U.S. Bancorp | 77 | 10/12/18 | USD | 55.00 | USD | 407 | (385 | ) |
| U.S. Bancorp | 146 | 10/12/18 | USD | 54.66 | USD | 771 | (1,989 | ) |
| Wells Fargo & Co. | 150 | 10/12/18 | USD | 58.50 | USD | 788 | (300 | ) |
| 3M Co. | 117 | 10/19/18 | USD | 210.00 | USD | 2,465 | (42,998 | ) |
| AbbVie, Inc. | 67 | 10/19/18 | USD | 100.00 | USD | 634 | (1,440 | ) |
| Altria Group, Inc. | 439 | 10/19/18 | USD | 65.00 | USD | 2,648 | (2,634 | ) |
| Cisco Systems, Inc. | 257 | 10/19/18 | USD | 48.00 | USD | 1,250 | (25,443 | ) |
| Coca-Cola Co. | 654 | 10/19/18 | USD | 46.00 | USD | 3,021 | (38,913 | ) |
| Genuine Parts Co. | 302 | 10/19/18 | USD | 105.00 | USD | 3,002 | (6,795 | ) |
| International Paper Co. | 353 | 10/19/18 | USD | 52.50 | USD | 1,735 | (4,412 | ) |
| M&T Bank Corp. | 327 | 10/19/18 | USD | 175.00 | USD | 5,380 | (10,627 | ) |
| Medtronic PLC | 177 | 10/19/18 | USD | 100.00 | USD | 1,741 | (11,505 | ) |
| Microsoft Corp. | 30 | 10/19/18 | USD | 110.00 | USD | 343 | (15,375 | ) |
| Paychex, Inc. | 282 | 10/19/18 | USD | 75.00 | USD | 2,077 | (26,085 | ) |
3
Schedule of Investments (unaudited) (continued) September 30, 2018 BlackRock Enhanced Global Dividend Trust (BOE)
Exchange-Traded Options Written (continued)
| Description — PepsiCo, Inc. | 223 | 10/19/18 | USD | $ 115.00 | USD | 2,493 | Value — $ (13,937 | ) |
|---|---|---|---|---|---|---|---|---|
| Pfizer, Inc. | 408 | 10/19/18 | USD | 40.25 | USD | 1,798 | (158,017 | ) |
| Philip Morris International, Inc. | 178 | 10/19/18 | USD | 84.50 | USD | 1,451 | (12,549 | ) |
| Rogers Communications, Inc., Class B | 750 | 10/19/18 | CAD | 70.00 | CAD | 4,982 | (6,097 | ) |
| U.S. Bancorp | 68 | 10/19/18 | USD | 54.50 | USD | 359 | (1,870 | ) |
| U.S. Bancorp | 178 | 10/19/18 | USD | 53.95 | USD | 940 | (7,579 | ) |
| United Technologies Corp. | 112 | 10/19/18 | USD | 135.00 | USD | 1,566 | (69,160 | ) |
| Wells Fargo & Co. | 86 | 10/19/18 | USD | 55.00 | USD | 452 | (2,666 | ) |
| Wells Fargo & Co. | 33 | 10/19/18 | USD | 56.00 | USD | 173 | (528 | ) |
| Coca-Cola Co. | 454 | 10/23/18 | USD | 46.25 | USD | 2,097 | (22,816 | ) |
| Altria Group, Inc. | 439 | 10/26/18 | USD | 65.00 | USD | 2,648 | (9,658 | ) |
| Cisco Systems, Inc. | 83 | 10/26/18 | USD | 47.50 | USD | 404 | (11,952 | ) |
| Coca-Cola Co. | 441 | 10/26/18 | USD | 46.50 | USD | 2,037 | (18,742 | ) |
| Genuine Parts Co. | 178 | 10/26/18 | USD | 102.00 | USD | 1,769 | (17,800 | ) |
| International Paper Co. | 400 | 10/26/18 | USD | 56.00 | USD | 1,966 | (2,800 | ) |
| Johnson & Johnson | 286 | 10/26/18 | USD | 141.00 | USD | 3,952 | (37,323 | ) |
| Medtronic PLC | 220 | 10/26/18 | USD | 97.00 | USD | 2,164 | (55,990 | ) |
| Microsoft Corp. | 161 | 10/26/18 | USD | 115.00 | USD | 1,841 | (43,068 | ) |
| Pfizer, Inc. | 292 | 10/26/18 | USD | 42.00 | USD | 1,287 | (65,554 | ) |
| Pfizer, Inc. | 137 | 10/26/18 | USD | 41.69 | USD | 604 | (36,084 | ) |
| Philip Morris International, Inc. | 179 | 10/26/18 | USD | 83.50 | USD | 1,460 | (21,301 | ) |
| Procter & Gamble Co. | 57 | 10/26/18 | USD | 84.50 | USD | 474 | (4,360 | ) |
| U.S. Bancorp | 279 | 10/26/18 | USD | 54.50 | USD | 1,473 | (10,044 | ) |
| United Parcel Service, Inc., Class B | 207 | 10/26/18 | USD | 120.00 | USD | 2,417 | (28,566 | ) |
| United Technologies Corp. | 80 | 10/26/18 | USD | 143.00 | USD | 1,118 | (15,640 | ) |
| Wells Fargo & Co. | 107 | 10/26/18 | USD | 56.50 | USD | 562 | (1,819 | ) |
| Cisco Systems, Inc. | 257 | 10/30/18 | USD | 48.75 | USD | 1,250 | (19,484 | ) |
| Wells Fargo & Co. | 33 | 10/31/18 | USD | 57.00 | USD | 173 | (601 | ) |
| 3M Co. | 89 | 11/02/18 | USD | 212.50 | USD | 1,875 | (38,938 | ) |
| AbbVie, Inc. | 67 | 11/02/18 | USD | 97.00 | USD | 634 | (11,356 | ) |
| Cisco Systems, Inc. | 581 | 11/02/18 | USD | 47.50 | USD | 2,827 | (90,346 | ) |
| Coca-Cola Co. | 227 | 11/02/18 | USD | 46.50 | USD | 1,049 | (14,414 | ) |
| Genuine Parts Co. | 165 | 11/02/18 | USD | 101.00 | USD | 1,640 | (26,813 | ) |
| International Paper Co. | 93 | 11/02/18 | USD | 54.50 | USD | 457 | (1,395 | ) |
| Johnson & Johnson | 123 | 11/02/18 | USD | 141.00 | USD | 1,699 | (19,188 | ) |
| PepsiCo, Inc. | 3 | 11/02/18 | USD | 117.00 | USD | 34 | (150 | ) |
| Pfizer, Inc. | 79 | 11/02/18 | USD | 43.00 | USD | 348 | (12,403 | ) |
| Philip Morris International, Inc. | 118 | 11/02/18 | USD | 84.50 | USD | 962 | (12,272 | ) |
| Procter & Gamble Co. | 458 | 11/02/18 | USD | 83.50 | USD | 3,812 | (58,395 | ) |
| U.S. Bancorp | 137 | 11/02/18 | USD | 56.00 | USD | 723 | (2,123 | ) |
| Wells Fargo & Co. | 29 | 11/02/18 | USD | 57.00 | USD | 152 | (522 | ) |
| 3M Co. | 117 | 11/09/18 | USD | 212.50 | USD | 2,465 | (54,698 | ) |
| Cisco Systems, Inc. | 181 | 11/09/18 | USD | 48.80 | USD | 881 | (17,322 | ) |
| Coca-Cola Co. | 327 | 11/09/18 | USD | 46.50 | USD | 1,510 | (23,217 | ) |
| Wells Fargo & Co. | 60 | 11/09/18 | USD | 54.00 | USD | 315 | (5,010 | ) |
| AbbVie, Inc. | 158 | 11/16/18 | USD | 95.00 | USD | 1,494 | (47,479 | ) |
| Altria Group, Inc. | 843 | 11/16/18 | USD | 65.00 | USD | 5,084 | (34,142 | ) |
| Cisco Systems, Inc. | 454 | 11/16/18 | USD | 48.00 | USD | 2,209 | (81,720 | ) |
| Coca-Cola Co. | 114 | 11/16/18 | USD | 47.00 | USD | 527 | (6,156 | ) |
| Medtronic PLC | 110 | 11/16/18 | USD | 97.50 | USD | 1,082 | (31,185 | ) |
4
Schedule of Investments (unaudited) (continued) September 30, 2018 BlackRock Enhanced Global Dividend Trust (BOE)
Exchange-Traded Options Written (continued)
| Description — PepsiCo, Inc. | 481 | 11/16/18 | USD | $ 115.00 | USD | 5,378 | Value — $ (63,492 | ) |
|---|---|---|---|---|---|---|---|---|
| Pfizer, Inc. | 292 | 11/16/18 | USD | 42.98 | USD | 1,287 | (44,345 | ) |
| TELUS Corp. | 291 | 11/16/18 | CAD | 50.00 | CAD | 1,385 | (3,605 | ) |
| U.S. Bancorp | 69 | 11/16/18 | USD | 55.00 | USD | 364 | (3,450 | ) |
| Wells Fargo & Co. | 33 | 11/16/18 | USD | 57.50 | USD | 173 | (660 | ) |
| Total | $ (2,683,539 | ) |
OTC Options Written
| Description | Counterparty | Value | |||||||
|---|---|---|---|---|---|---|---|---|---|
| Call | |||||||||
| TELUS Corp. | Morgan Stanley & Co. International PLC | 29,200 | 10/01/18 | CAD | 47.65 | CAD | 1,390 | $ (4,770 | ) |
| Ansell Ltd. | Citibank N.A. | 24,200 | 10/03/18 | AUD | 25.48 | AUD | 611 | (2,619 | ) |
| DBS Group Holdings Ltd. | JPMorgan Chase Bank N.A. | 135,500 | 10/03/18 | SGD | 25.73 | SGD | 3,534 | (44,228 | ) |
| Diageo PLC | Morgan Stanley & Co. International PLC | 12,500 | 10/03/18 | GBP | 27.60 | GBP | 340 | (1,036 | ) |
| Far EasTone Telecommunications Co. Ltd. | JPMorgan Chase Bank N.A. | 136,000 | 10/03/18 | USD | 73.26 | USD | 9,901 | (1,306 | ) |
| Heineken NV | Morgan Stanley & Co. International PLC | 24,000 | 10/03/18 | EUR | 86.69 | EUR | 1,940 | (1 | ) |
| Kone OYJ, Class B | HSBC Bank PLC | 38,800 | 10/03/18 | EUR | 46.66 | EUR | 1,784 | (17,230 | ) |
| bpost SA | Credit Suisse International | 25,000 | 10/03/18 | EUR | 13.78 | EUR | 350 | (9,072 | ) |
| Citizens Financial Group, Inc. | JPMorgan Chase Bank N.A. | 28,700 | 10/09/18 | USD | 41.91 | USD | 1,107 | (333 | ) |
| TELUS Corp. | Goldman Sachs International | 24,400 | 10/09/18 | CAD | 47.10 | CAD | 1,162 | (14,208 | ) |
| TELUS Corp. | Royal Bank of Canada | 30,600 | 10/09/18 | CAD | 48.43 | CAD | 1,457 | (2,339 | ) |
| bpost SA | Credit Suisse International | 25,000 | 10/09/18 | EUR | 13.78 | EUR | 350 | (11,283 | ) |
| ANTA Sports Products Ltd. | UBS AG | 215,000 | 10/10/18 | HKD | 44.36 | HKD | 8,035 | (1,357 | ) |
| Amcor Ltd. | Morgan Stanley & Co. International PLC | 364,000 | 10/10/18 | AUD | 14.73 | AUD | 4,976 | (134 | ) |
| Sonic Healthcare Ltd. | JPMorgan Chase Bank N.A. | 30,000 | 10/10/18 | AUD | 26.14 | AUD | 747 | (322 | ) |
| Koninklijke Philips NV | Morgan Stanley & Co. International PLC | 111,800 | 10/12/18 | EUR | 38.43 | EUR | 4,389 | (143,242 | ) |
| Novo Nordisk A/S, Class B | Morgan Stanley & Co. International PLC | 26,100 | 10/12/18 | DKK | 319.16 | DKK | 7,890 | (1,547 | ) |
| Citizens Financial Group, Inc. | Citibank N.A. | 50,000 | 10/17/18 | USD | 41.28 | USD | 1,929 | (5,234 | ) |
| GlaxoSmithKline PLC | Citibank N.A. | 99,900 | 10/17/18 | GBP | 15.61 | GBP | 1,537 | (16,744 | ) |
| Heineken NV | Goldman Sachs International | 28,300 | 10/17/18 | EUR | 83.85 | EUR | 2,287 | (5,227 | ) |
| Nestle SA, Registered Shares | Morgan Stanley & Co. International PLC | 73,000 | 10/17/18 | CHF | 80.30 | CHF | 5,963 | (137,873 | ) |
| Novo Nordisk A/S, Class B | Deutsche Bank AG | 61,600 | 10/17/18 | DKK | 312.83 | DKK | 18,621 | (16,013 | ) |
| Sonic Healthcare Ltd. | JPMorgan Chase Bank N.A. | 30,000 | 10/17/18 | AUD | 26.14 | AUD | 747 | (946 | ) |
| Svenska Handelsbanken AB, Class A | Morgan Stanley & Co. International PLC | 206,000 | 10/17/18 | SEK | 110.00 | SEK | 23,088 | (68,891 | ) |
| TELUS Corp. | Goldman Sachs International | 24,300 | 10/17/18 | CAD | 47.40 | CAD | 1,157 | (13,341 | ) |
| bpost SA | Deutsche Bank AG | 30,000 | 10/17/18 | EUR | 14.10 | EUR | 419 | (9,868 | ) |
| Ansell Ltd. | Goldman Sachs International | 12,800 | 10/23/18 | AUD | 26.44 | AUD | 323 | (1,389 | ) |
| AstraZeneca PLC | Barclays Bank PLC | 69,200 | 10/23/18 | GBP | 59.96 | GBP | 4,138 | (112,786 | ) |
| Deutsche Post AG, Registered Shares | Morgan Stanley & Co. International PLC | 156,500 | 10/23/18 | EUR | 31.97 | EUR | 4,792 | (18,919 | ) |
| Far EasTone Telecommunications Co. Ltd. | Morgan Stanley & Co. International PLC | 170,000 | 10/23/18 | USD | 72.58 | USD | 12,376 | (6,273 | ) |
| TELUS Corp. | Morgan Stanley & Co. International PLC | 16,600 | 10/23/18 | CAD | 48.08 | CAD | 790 | (4,670 | ) |
| ANTA Sports Products Ltd. | JPMorgan Chase Bank N.A. | 398,000 | 10/24/18 | HKD | 38.63 | HKD | 14,873 | (76,960 | ) |
| Novartis AG, Registered Shares | Morgan Stanley & Co. International PLC | 18,250 | 10/24/18 | CHF | 82.75 | CHF | 1,542 | (45,758 | ) |
| Unilever PLC | Morgan Stanley & Co. International PLC | 141,100 | 10/24/18 | GBP | 43.30 | GBP | 5,947 | (68,014 | ) |
| Amcor Ltd. | Citibank N.A. | 256,000 | 10/26/18 | AUD | 14.58 | AUD | 3,500 | (4,767 | ) |
| Imperial Brands PLC | Deutsche Bank AG | 64,500 | 10/26/18 | GBP | 27.77 | GBP | 1,722 | (25,102 | ) |
5
Schedule of Investments (unaudited) (continued) September 30, 2018 BlackRock Enhanced Global Dividend Trust (BOE)
OTC Options Written (continued)
| Description | Counterparty | Value | |||||||
|---|---|---|---|---|---|---|---|---|---|
| Call | |||||||||
| Kone OYJ, Class B | Credit Suisse International | 59,000 | 10/26/18 | EUR | $ 46.57 | EUR | 2,712 | $ (74,228 | ) |
| Schneider Electric SE | Credit Suisse International | 8,500 | 10/26/18 | EUR | 69.20 | EUR | 588 | (13,956 | ) |
| United Overseas Bank Ltd. | UBS AG | 161,500 | 10/26/18 | SGD | 26.82 | SGD | 4,364 | (86,740 | ) |
| Rogers Communications, Inc., Class B | Goldman Sachs International | 44,000 | 10/29/18 | CAD | 69.26 | CAD | 2,923 | (9,607 | ) |
| TELUS Corp. | Credit Suisse International | 12,700 | 10/29/18 | CAD | 48.46 | CAD | 605 | (3,005 | ) |
| TELUS Corp. | Royal Bank of Canada | 27,500 | 10/29/18 | CAD | 48.40 | CAD | 1,309 | (6,893 | ) |
| Novartis AG, Registered Shares | Goldman Sachs International | 106,400 | 10/30/18 | CHF | 80.35 | CHF | 8,989 | (475,694 | ) |
| SGS SA, Registered Shares | Goldman Sachs International | 1,100 | 10/30/18 | CHF | 2,569.96 | CHF | 2,842 | (53,879 | ) |
| Amcor Ltd. | UBS AG | 398,100 | 10/31/18 | AUD | 14.15 | AUD | 5,442 | (31,337 | ) |
| Ansell Ltd. | Morgan Stanley & Co. International PLC | 31,200 | 10/31/18 | AUD | 25.21 | AUD | 787 | (13,549 | ) |
| Ansell Ltd. | Morgan Stanley & Co. International PLC | 33,500 | 10/31/18 | AUD | 24.94 | AUD | 845 | (18,964 | ) |
| Diageo PLC | Credit Suisse International | 68,800 | 10/31/18 | GBP | 27.07 | GBP | 1,870 | (51,167 | ) |
| Far EasTone Telecommunications Co. Ltd. | Goldman Sachs International | 360,000 | 10/31/18 | USD | 75.37 | USD | 26,208 | (4,165 | ) |
| Kone OYJ, Class B | Morgan Stanley & Co. International PLC | 54,800 | 10/31/18 | EUR | 46.34 | EUR | 2,519 | (81,404 | ) |
| Sanofi | Goldman Sachs International | 55,500 | 10/31/18 | EUR | 77.19 | EUR | 4,271 | (78,137 | ) |
| Sonic Healthcare Ltd. | Citibank N.A. | 68,900 | 10/31/18 | AUD | 25.48 | AUD | 1,715 | (13,822 | ) |
| TELUS Corp. | Morgan Stanley & Co. International PLC | 32,400 | 10/31/18 | CAD | 48.50 | CAD | 1,543 | (7,835 | ) |
| Taiwan Semiconductor Manufacturing Co. Ltd. | JPMorgan Chase Bank N.A. | 844,000 | 10/31/18 | USD | 260.10 | USD | 219,904 | (223,913 | ) |
| United Overseas Bank Ltd. | Morgan Stanley & Co. International PLC | 123,300 | 10/31/18 | SGD | 26.50 | SGD | 3,332 | (89,323 | ) |
| AstraZeneca PLC | Barclays Bank PLC | 44,300 | 11/01/18 | GBP | 57.00 | GBP | 2,649 | (197,851 | ) |
| DBS Group Holdings Ltd. | Morgan Stanley & Co. International PLC | 175,600 | 11/01/18 | SGD | 25.05 | SGD | 4,580 | (158,794 | ) |
| Far EasTone Telecommunications Co. Ltd. | UBS AG | 182,000 | 11/01/18 | USD | 76.90 | USD | 13,250 | (926 | ) |
| GlaxoSmithKline PLC | Barclays Bank PLC | 328,200 | 11/01/18 | GBP | 15.15 | GBP | 5,044 | (198,090 | ) |
| Imperial Brands PLC | Goldman Sachs International | 155,000 | 11/01/18 | GBP | 26.50 | GBP | 4,139 | (185,105 | ) |
| Japan Tobacco, Inc. | JPMorgan Chase Bank N.A. | 71,700 | 11/01/18 | JPY | 3,070.42 | JPY | 212,733 | (15,484 | ) |
| Nestle SA, Registered Shares | UBS AG | 70,800 | 11/01/18 | CHF | 82.64 | CHF | 5,784 | (59,618 | ) |
| Sanofi | Credit Suisse International | 71,100 | 11/01/18 | EUR | 76.16 | EUR | 5,471 | (156,228 | ) |
| Schneider Electric SE | Morgan Stanley & Co. International PLC | 22,000 | 11/01/18 | EUR | 70.94 | EUR | 1,522 | (26,379 | ) |
| Svenska Handelsbanken AB, Class A | Morgan Stanley & Co. International PLC | 234,400 | 11/01/18 | SEK | 107.76 | SEK | 26,272 | (146,639 | ) |
| TELUS Corp. | Goldman Sachs International | 74,300 | 11/01/18 | CAD | 48.50 | CAD | 3,537 | (21,283 | ) |
| Unilever PLC | Credit Suisse International | 60,000 | 11/01/18 | GBP | 42.53 | GBP | 2,529 | (41,718 | ) |
| Rogers Communications, Inc., Class B | Citibank N.A. | 55,400 | 11/02/18 | CAD | 67.25 | CAD | 3,680 | (28,394 | ) |
| Paychex, Inc. | JPMorgan Chase Bank N.A. | 28,000 | 11/05/18 | USD | 73.25 | USD | 2,062 | (60,341 | ) |
| TELUS Corp. | Goldman Sachs International | 33,800 | 11/05/18 | CAD | 48.00 | CAD | 1,609 | (13,197 | ) |
| Ansell Ltd. | Citibank N.A. | 27,000 | 11/06/18 | AUD | 25.75 | AUD | 681 | (8,312 | ) |
| Far EasTone Telecommunications Co. Ltd. | Citibank N.A. | 241,000 | 11/06/18 | USD | 73.74 | USD | 17,545 | (6,842 | ) |
| Deutsche Post AG, Registered Shares | Credit Suisse International | 100,000 | 11/07/18 | EUR | 31.92 | EUR | 3,062 | (33,594 | ) |
| Diageo PLC | Credit Suisse International | 49,800 | 11/07/18 | GBP | 27.25 | GBP | 1,354 | (32,873 | ) |
| Kone OYJ, Class B | Credit Suisse International | 44,200 | 11/07/18 | EUR | 47.16 | EUR | 2,032 | (58,141 | ) |
| Novartis AG, Registered Shares | Morgan Stanley & Co. International PLC | 38,800 | 11/07/18 | CHF | 82.25 | CHF | 3,278 | (117,689 | ) |
| Sonic Healthcare Ltd. | Citibank N.A. | 95,000 | 11/07/18 | AUD | 25.27 | AUD | 2,365 | (27,000 | ) |
| TELUS Corp. | Goldman Sachs International | 16,700 | 11/08/18 | CAD | 48.53 | CAD | 795 | (5,526 | ) |
| Schneider Electric SE | Morgan Stanley & Co. International PLC | 22,000 | 11/09/18 | EUR | 66.57 | EUR | 1,525 | (90,726 | ) |
6
Schedule of Investments (unaudited) (continued) September 30, 2018 BlackRock Enhanced Global Dividend Trust (BOE)
OTC Options Written (continued)
| Description | Counterparty | Value | |||||||
|---|---|---|---|---|---|---|---|---|---|
| Call | |||||||||
| Rogers Communications, Inc., Class B | UBS AG | 34,800 | 11/13/18 | CAD | $ 68.00 | CAD | 2,312 | $ (21,235 | ) |
| ANTA Sports Products Ltd. | Morgan Stanley & Co. International PLC | 295,000 | 11/14/18 | HKD | 37.50 | HKD | 11,024 | (101,590 | ) |
| Kone OYJ, Class B | UBS AG | 30,100 | 11/14/18 | EUR | 46.66 | EUR | 1,384 | (50,655 | ) |
| Ansell Ltd. | Citibank N.A. | 62,200 | 11/16/18 | AUD | 25.41 | AUD | 1,569 | (29,391 | ) |
| British American Tobacco PLC | Morgan Stanley & Co. International PLC | 72,800 | 11/20/18 | GBP | 36.69 | GBP | 2,604 | (73,061 | ) |
| Diageo PLC | Credit Suisse International | 49,800 | 11/20/18 | GBP | 27.25 | GBP | 1,354 | (39,143 | ) |
| SGS SA, Registered Shares | UBS AG | 365 | 11/20/18 | CHF | 2,636.03 | CHF | 943 | (10,052 | ) |
| Sonic Healthcare Ltd. | Goldman Sachs International | 80,000 | 11/20/18 | AUD | 26.01 | AUD | 1,991 | (13,040 | ) |
| British American Tobacco PLC | Morgan Stanley & Co. International PLC | 72,800 | 11/27/18 | GBP | 36.69 | GBP | 2,604 | (83,669 | ) |
| Japan Tobacco, Inc. | JPMorgan Chase Bank N.A. | 37,000 | 11/27/18 | JPY | 3,007.77 | JPY | 109,779 | (22,142 | ) |
| $ (4,366,148 | ) |
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 quoted prices in active markets/exchanges for identical assets or liabilities that 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 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 Committee in the 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 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:
| Level 1 | Level 2 | Level 3 | Total | |
|---|---|---|---|---|
| Assets: | ||||
| Investments: | ||||
| Common Stocks: | ||||
| Australia | $ | $ 40,808,756 | $ 3 | $ 40,808,759 |
| Belgium | | 6,057,176 | | 6,057,176 |
7
Schedule of Investments (unaudited) (continued) September 30, 2018 BlackRock Enhanced Global Dividend Trust (BOE)
| Level 1 | Level 2 | Level 3 | Total | ||||
|---|---|---|---|---|---|---|---|
| Assets: | |||||||
| Investments: | |||||||
| Common Stocks: | |||||||
| Canada | $ 53,163,207 | $ | $ | $ 53,163,207 | |||
| China | | 7,227,581 | | 7,227,581 | |||
| Denmark | | 8,775,421 | | 8,775,421 | |||
| Finland | | 25,779,749 | | 25,779,749 | |||
| France | | 33,025,461 | | 33,025,461 | |||
| Germany | | 19,407,376 | | 19,407,376 | |||
| India | | 6,782,778 | 726,939 | 7,509,717 | |||
| Ireland | 12,307,071 | | | 12,307,071 | |||
| Japan | | 8,108,181 | | 8,108,181 | |||
| Netherlands | | 21,286,090 | | 21,286,090 | |||
| Singapore | | 24,608,126 | | 24,608,126 | |||
| Sweden | | 11,817,545 | | 11,817,545 | |||
| Switzerland | | 63,619,800 | | 63,619,800 | |||
| Taiwan | | 21,356,079 | | 21,356,079 | |||
| United Kingdom | | 115,422,006 | | 115,422,006 | |||
| United States | 341,755,906 | | 4,464,791 | 346,220,697 | |||
| Preferred Stocks | | | 6,001,654 | 6,001,654 | |||
| Short-Term Securities | 4,542,317 | | | 4,542,317 | |||
| $ 411,768,501 | $ 414,082,125 | $ 11,193,387 | $ 837,044,013 | ||||
| Derivative Financial Instruments (a) | |||||||
| Liabilities: | |||||||
| Equity contracts | $ (1,993,677 | ) | $ (5,056,010 | ) | $ | $ (7,049,687 | ) |
(a) Derivative financial instruments are options written, which are shown at value.
Transfers between Level 1 and Level 2 were as follows:
| Transfers into Level 1 | Transfers out of Level 1 (a) | Transfers Into Level 2 (a) | Transfers out of Level 2 | |
|---|---|---|---|---|
| Assets: | ||||
| Long-Term Investments: | ||||
| Common Stocks | $ | $ 19,072,931 | $ 19,072,931 | $ |
(a) External pricing service used to reflect any significant market movements between the time the Trust valued such foreign securities and the earlier closing of foreign markets.
8
Schedule of Investments (unaudited) (continued) September 30, 2018 BlackRock Enhanced Global Dividend 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, 2017 | $ 4,411,841 | $ 11,646,491 | $ 16,058,332 | ||
| Transfers into Level 3 | | | | ||
| Transfers out of Level 3 | | | | ||
| Accrued discounts/premiums | | | | ||
| Net realized gain (loss) | | 3,369,128 | 3,369,128 | ||
| Net change in unrealized appreciation | |||||
| (depreciation) (a)(b) | 779,892 | (2,865,141 | ) | (2,085,249 | ) |
| Purchases | | 2,637,147 | 2,637,147 | ||
| Sales | | (8,785,971 | ) | (8,785,971 | ) |
| Closing Balance, as of September 30, 2018 | $ 5,191,733 | $ 6,001,654 | $ 11,193,387 | ||
| Net change in unrealized appreciation (depreciation) on investments still held at September 30, 2018 (b) | $ 779,892 | $ (4,914,216 | ) | $ (4,134,324 | ) |
(a) Included in the related net change in unrealized appreciation (depreciation) in the Statements of Operations.
(b) Any difference between net change in unrealized appreciation (depreciation) and net change in unrealized appreciation (depreciation) on derivative financial instruments still held at September 30, 2018 is generally due to derivative financial instruments no longer held or categorized as Level 3 at period end.
The following table summarizes the valuation approaches used and unobservable inputs utilized by the BlackRock Global Valuation Methodologies Committee (the Global Valuation Committee) to determine the value of certain of the Funds Level 3 investments as of period end. The table does not include Level 3 investments with values based upon unadjusted third party pricing information in the amount of $3. A significant change in the third party information could result in a significantly lower or higher value of such Level 3 investments.
| Value | Unobservable Inputs | ||||
|---|---|---|---|---|---|
| Assets: | |||||
| Common Stocks | $ 5,191,730 | Market | Tangible Book Value Multiple (a) | 1.95x | |
| Revenue Multiple (a) | 7.75x | | |||
| Preferred Stocks (b) | 6,001,654 | Market | Revenue Multiple (a) | 6.58x-15.50x | 10.97x |
| $ 11,193,384 |
(a) 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.
(b) For the year period September 30, 2018, the valuation technique for investments classified as preferred stocks amounting to $3,050,614 changed to Current Value. The investments were previously valued utilizing Transaction Price. The change was due to consideration of the information that was available at the time the investments were valued.
9
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 Enhanced Global Dividend Trust | |
|---|---|
| By: | /s/ John M. Perlowski |
| John M. Perlowski | |
| Chief Executive Officer (principal executive officer) of | |
| BlackRock Enhanced Global Dividend Trust | |
| Date: November 19, 2018 |
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 Enhanced Global Dividend Trust | |
| Date: November 19, 2018 | |
| By: | /s/ Neal J. Andrews |
| Neal J. Andrews | |
| Chief Financial Officer (principal financial officer) of | |
| BlackRock Enhanced Global Dividend Trust | |
| Date: November 19, 2018 |
Building tools?
Free accounts include 100 API calls/year for testing.
Have a question? We'll get back to you promptly.