Regulatory Filings • May 22, 2018
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Download Source FileN-Q 1 d561698dnq.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: 03/31/2018
Item 1 Schedule of Investments
Schedule of Investments (unaudited) March 31, 2018 BlackRock Enhanced Global Dividend Trust (BOE) (Percentages shown are based on Net Assets)
| Security | Value | |
|---|---|---|
| Common Stocks 98.7% | ||
| Australia 5.2% | ||
| Amcor Ltd. | 2,166,058 | $ 23,719,067 |
| Ansell Ltd. | 476,285 | 9,323,967 |
| Ensogo Ltd. (a)(b) | 418,198 | |
| Sonic Healthcare Ltd. | 666,385 | 11,791,147 |
| 44,834,181 | ||
| Belgium 2.1% | ||
| Anheuser-Busch InBev SA | 89,916 | 9,885,969 |
| bpost SA | 373,254 | 8,432,202 |
| 18,318,171 | ||
| Canada 6.5% | ||
| Rogers Communications, Inc., Class B | 599,782 | 26,787,330 |
| TELUS Corp. | 815,027 | 28,619,413 |
| 55,406,743 | ||
| China 1.1% | ||
| ANTA Sports Products Ltd. | 1,809,000 | 9,234,593 |
| Denmark 1.1% | ||
| Novo Nordisk A/S, Class B | 186,453 | 9,170,850 |
| Finland 2.0% | ||
| Kone OYJ, Class B | 349,654 | 17,450,471 |
| France 3.3% | ||
| Sanofi | 355,548 | 28,529,179 |
| Germany 3.0% | ||
| Deutsche Post AG, Registered Shares | 587,102 | 25,714,643 |
| Hong Kong 0.5% | ||
| Sands China Ltd. | 776,800 | 4,221,391 |
| India 1.1% | ||
| Hero MotoCorp Ltd. | 167,596 | 9,149,114 |
| Japan 2.1% | ||
| Japan Tobacco, Inc. | 642,700 | 18,360,006 |
| Netherlands 1.4% | ||
| Heineken NV | 111,338 | 11,974,839 |
| Sweden 1.4% | ||
| Svenska Handelsbanken AB, Class A | 937,035 | 11,728,707 |
| Switzerland 9.4% | ||
| Givaudan SA, Registered Shares | 5,999 | 13,685,774 |
| Nestle SA, Registered Shares | 273,146 | 21,589,867 |
| Novartis AG, Registered Shares | 319,491 | 25,840,712 |
| Roche Holding AG | 37,851 | 8,682,906 |
| SGS SA, Registered Shares | 4,338 | 10,671,167 |
| 80,470,426 | ||
| Taiwan 2.6% | ||
| Far EasTone Telecommunications Co. Ltd. | 2,705,000 | 7,161,541 |
| Security | Value | |
|---|---|---|
| Taiwan (continued) | ||
| Taiwan Semiconductor Manufacturing Co. Ltd. | 1,796,000 | $ 15,212,476 |
| 22,374,017 | ||
| United Kingdom 17.4% | ||
| AstraZeneca PLC | 275,099 | 18,910,650 |
| British American Tobacco PLC | 602,675 | 34,838,751 |
| Diageo PLC | 441,013 | 14,914,928 |
| GlaxoSmithKline PLC | 938,434 | 18,225,366 |
| Imperial Brands PLC | 850,741 | 28,967,299 |
| Lloyds Banking Group PLC | 8,612,305 | 7,833,973 |
| Unilever PLC | 459,886 | 25,506,456 |
| 149,197,423 | ||
| United States 38.5% | ||
| 3M Co. (c) | 49,247 | 10,810,727 |
| AbbVie, Inc. (c) | 95,833 | 9,070,593 |
| Altria Group, Inc. (c)(d) | 533,912 | 33,273,396 |
| Cisco Systems, Inc. (c)(d) | 613,450 | 26,310,870 |
| Citizens Financial Group, Inc. (c) | 220,677 | 9,264,020 |
| Coca-Cola Co. (c) | 470,253 | 20,423,088 |
| Genuine Parts Co. (c) | 242,320 | 21,770,029 |
| International Paper Co. (c) | 286,966 | 15,332,593 |
| Johnson & Johnson (c)(d) | 250,145 | 32,056,082 |
| M&T Bank Corp. (c) | 80,032 | 14,754,700 |
| Microsoft Corp. (c) | 104,417 | 9,530,140 |
| PepsiCo, Inc. (c) | 170,853 | 18,648,605 |
| Pfizer, Inc. (c)(d) | 361,816 | 12,840,850 |
| Philip Morris International, Inc. (c)(d) | 242,898 | 24,144,061 |
| Procter & Gamble Co. (c) | 220,742 | 17,500,426 |
| FirstSun Capital Bancorp, (Acquired 03/10/14, cost $5,461,692) (a)(e) | 120,312 | 4,411,841 |
| U.S. Bancorp (c) | 249,836 | 12,616,718 |
| United Parcel Service, Inc., Class B (c) | 76,232 | 7,978,441 |
| United Technologies Corp. (c) | 138,181 | 17,385,933 |
| Wells Fargo & Co. (c) | 228,446 | 11,972,855 |
| 330,095,968 | ||
| Total Common Stocks 98.7% (Cost $855,110,723) | 846,230,722 | |
| Preferred Stocks 0.8% | ||
| India 0.1% | ||
| Jasper Infotech Private Ltd., Series F, (Acquired 05/07/14, cost $1,888,464), 0.00% (a)(b)(e) | 266 | 478,665 |
1
Schedule of Investments (unaudited) (continued) March 31, 2018 BlackRock Enhanced Global Dividend Trust (BOE) (Percentages shown are based on Net Assets)
| Security | Value | |
|---|---|---|
| India (continued) | ||
| Jasper Infotech Private Ltd., Series G, (Acquired 10/29/14, cost $741,913), 0.00% (a)(b)(e) | 88 | $ 192,973 |
| 671,638 | ||
| United States 0.7% | ||
| Palantir Technologies, Inc., Series I (Acquired 03/27/14, cost $3,118,944), 0.00% (a)(b)(e) | 508,800 | 2,803,488 |
| Uber Technologies, Inc., Series D (Acquired 06/01/2014, cost $1,611,693), 0.00% (a)(b)(e) | 103,893 | 3,557,296 |
| 6,360,784 | ||
| Total Preferred Stocks 0.8% (Cost $7,367,781) | 7,032,422 | |
| Total Long-Term Investments 99.5% (Cost $862,478,504) | 853,263,144 |
| Security | Value | ||
|---|---|---|---|
| Short-Term Securities 0.1% | |||
| BlackRock Liquidity Funds, T-Fund, Institutional Class, 1.58% (f)(g) | 682,171 | $ 682,171 | |
| Total Short-Term Securities 0.1% (Cost $682,171) | 682,171 | ||
| Total Investments Before Options Written 99.6% (Cost | |||
| $863,160,675) | 853,945,315 | ||
| Options Written (0.6)% (Premiums Received $6,671,717) | (4,851,685 | ) | |
| Total Investments, Net of Options Written 99.0% (Cost | |||
| $856,488,958) | 849,093,630 | ||
| Other Assets Less Liabilities 1.0% | 8,333,225 | ||
| Net Assets 100.0% | $ 857,426,855 |
(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) All or a portion of security has been pledged and/or segregated as collateral in connection with outstanding exchange-traded options written.
(d) All or a portion of the security has been pledged as collateral in connection with outstanding OTC derivatives.
(e) Restricted security as to resale, excluding 144A securities. As of period end, the Trust held restricted securities with a current value of $11,444,289 and an original cost of $12,831,706, which was 1.3% of its net assets.
(f) Annualized 7-day yield as of period end.
(g) During the period ended March 31, 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, were as follows:
| Affiliate — BlackRock Liquidity Funds, T-Fund, Institutional Class | 13,118,524 | (12,436,353 | ) | 682,171 | Value at 03/31/18 — $ 682,171 | Income — $ 34,417 | Net Realized Gain (a) — $ | Change in Unrealized Appreciation (Depreciation) — $ |
|---|---|---|---|---|---|---|---|---|
(a) Includes net capital gain distributions, if applicable.
For Trust compliance purposes, the Trusts sector classifications refer to one or more of the sector sub-classifications used by one or more widely recognized market indexes or rating group indexes, and/or as defined by the investment adviser. These definitions may not apply for purposes of this report, which may combine such sector sub-classifications for reporting ease.
2
Schedule of Investments (unaudited) (continued) March 31, 2018 BlackRock Enhanced Global Dividend Trust (BOE)
Portfolio Abbreviations
AUD Australian Dollar
CAD Canadian Dollar
CHF Swiss Franc
DKK Danish Krone
EUR Euro
GBP British Pound
HKD Hong Kong Dollar
JPY Japanese Yen
SEK Swedish Krona
USD U.S. Dollar
Derivative Financial Instruments Outstanding as of Period End
Exchange-Traded Options Written
| Description | Exercise Price | Notional Amount (000) | Value | |||||
|---|---|---|---|---|---|---|---|---|
| Call | ||||||||
| Cisco Systems, Inc. | 594 | 04/05/18 | USD | 42.70 | USD | 2,548 | $ (28,619 | ) |
| 3M Co. | 49 | 04/06/18 | USD | 247.50 | USD | 1,076 | (686 | ) |
| Cisco Systems, Inc. | 204 | 04/06/18 | USD | 46.50 | USD | 875 | (1,224 | ) |
| Coca-Cola Co. | 469 | 04/06/18 | USD | 44.00 | USD | 2,037 | (8,207 | ) |
| Genuine Parts Co. | 460 | 04/06/18 | USD | 94.50 | USD | 4,133 | (197,800 | ) |
| Johnson & Johnson | 245 | 04/06/18 | USD | 133.00 | USD | 3,140 | (2,940 | ) |
| Microsoft Corp. | 131 | 04/06/18 | USD | 95.00 | USD | 1,196 | (3,799 | ) |
| Pfizer, Inc. | 28 | 04/06/18 | USD | 36.50 | USD | 99 | (224 | ) |
| Pfizer, Inc. | 28 | 04/06/18 | USD | 37.00 | USD | 99 | (112 | ) |
| Pfizer, Inc. | 43 | 04/06/18 | USD | 37.50 | USD | 153 | (344 | ) |
| Procter & Gamble Co. | 157 | 04/06/18 | USD | 83.00 | USD | 1,245 | (785 | ) |
| U.S. Bancorp | 224 | 04/06/18 | USD | 54.50 | USD | 1,131 | (1,792 | ) |
| Wells Fargo & Co. | 45 | 04/06/18 | USD | 62.00 | USD | 236 | (90 | ) |
| 3M Co. | 49 | 04/13/18 | USD | 240.00 | USD | 1,076 | (931 | ) |
| Microsoft Corp. | 45 | 04/13/18 | USD | 93.50 | USD | 411 | (5,062 | ) |
| Microsoft Corp. | 90 | 04/13/18 | USD | 96.50 | USD | 821 | (3,780 | ) |
| Pfizer, Inc. | 40 | 04/13/18 | USD | 36.50 | USD | 142 | (700 | ) |
| Pfizer, Inc. | 81 | 04/13/18 | USD | 37.00 | USD | 287 | (648 | ) |
| Pfizer, Inc. | 12 | 04/13/18 | USD | 37.50 | USD | 43 | (60 | ) |
| 3M Co. | 59 | 04/20/18 | USD | 240.00 | USD | 1,295 | (1,858 | ) |
| AbbVie, Inc. | 217 | 04/20/18 | USD | 120.00 | USD | 2,054 | (868 | ) |
| Altria Group, Inc. | 1,132 | 04/20/18 | USD | 67.50 | USD | 7,055 | (9,622 | ) |
| Cisco Systems, Inc. | 314 | 04/20/18 | USD | 42.00 | USD | 1,347 | (41,291 | ) |
| Coca-Cola Co. | 566 | 04/20/18 | USD | 44.00 | USD | 2,458 | (24,904 | ) |
| Genuine Parts Co. | 250 | 04/20/18 | USD | 97.50 | USD | 2,246 | (28,750 | ) |
| International Paper Co. | 469 | 04/20/18 | USD | 55.00 | USD | 2,506 | (31,658 | ) |
| Johnson & Johnson | 232 | 04/20/18 | USD | 140.00 | USD | 2,973 | (2,320 | ) |
| Johnson & Johnson | 112 | 04/20/18 | USD | 135.00 | USD | 1,435 | (4,984 | ) |
| M&T Bank Corp. | 176 | 04/20/18 | USD | 195.00 | USD | 3,245 | (17,600 | ) |
| Microsoft Corp. | 59 | 04/20/18 | USD | 92.50 | USD | 538 | (11,387 | ) |
| Microsoft Corp. | 89 | 04/20/18 | USD | 95.00 | USD | 812 | (9,033 | ) |
| PepsiCo, Inc. | 448 | 04/20/18 | USD | 110.00 | USD | 4,890 | (65,408 | ) |
| Pfizer, Inc. | 113 | 04/20/18 | USD | 37.00 | USD | 401 | (1,638 | ) |
| Pfizer, Inc. | 12 | 04/20/18 | USD | 38.00 | USD | 43 | (60 | ) |
| Procter & Gamble Co. | 306 | 04/20/18 | USD | 80.00 | USD | 2,426 | (37,485 | ) |
| TELUS Corp. | 1,420 | 04/20/18 | CAD | 48.00 | CAD | 6,424 | (6,613 | ) |
3
Schedule of Investments (unaudited) (continued) March 31, 2018 BlackRock Enhanced Global Dividend Trust (BOE)
Exchange-Traded Options Written (continued)
| Description | Exercise Price | Notional Amount (000) | Value | |||||
|---|---|---|---|---|---|---|---|---|
| Call | ||||||||
| U.S. Bancorp | 134 | 04/20/18 | USD | 55.00 | USD | 677 | $ (1,072 | ) |
| United Technologies Corp. | 245 | 04/20/18 | USD | 135.00 | USD | 3,083 | (5,880 | ) |
| Wells Fargo & Co. | 199 | 04/20/18 | USD | 59.00 | USD | 1,043 | (1,699 | ) |
| Wells Fargo & Co. | 21 | 04/20/18 | USD | 60.00 | USD | 110 | (94 | ) |
| Altria Group, Inc. | 878 | 04/27/18 | USD | 65.50 | USD | 5,472 | (42,144 | ) |
| Cisco Systems, Inc. | 355 | 04/27/18 | USD | 44.50 | USD | 1,523 | (14,555 | ) |
| Coca-Cola Co. | 457 | 04/27/18 | USD | 45.00 | USD | 1,985 | (14,624 | ) |
| Genuine Parts Co. | 178 | 04/27/18 | USD | 93.00 | USD | 1,599 | (18,245 | ) |
| International Paper Co. | 152 | 04/27/18 | USD | 55.50 | USD | 812 | (13,832 | ) |
| Johnson & Johnson | 56 | 04/27/18 | USD | 135.00 | USD | 718 | (3,556 | ) |
| Microsoft Corp. | 97 | 04/27/18 | USD | 97.00 | USD | 885 | (11,883 | ) |
| Microsoft Corp. | 29 | 04/27/18 | USD | 94.00 | USD | 265 | (5,127 | ) |
| Microsoft Corp. | 14 | 04/27/18 | USD | 95.00 | USD | 128 | (2,728 | ) |
| Pfizer, Inc. | 36 | 04/27/18 | USD | 37.00 | USD | 128 | (792 | ) |
| Pfizer, Inc. | 13 | 04/27/18 | USD | 38.00 | USD | 46 | (110 | ) |
| Pfizer, Inc. | 470 | 04/27/18 | USD | 37.50 | USD | 1,668 | (5,875 | ) |
| Philip Morris International, Inc. | 534 | 04/27/18 | USD | 107.00 | USD | 5,308 | (16,821 | ) |
| Procter & Gamble Co. | 282 | 04/27/18 | USD | 81.50 | USD | 2,236 | (20,445 | ) |
| U.S. Bancorp | 116 | 04/27/18 | USD | 54.50 | USD | 586 | (2,030 | ) |
| United Parcel Service, Class B | 80 | 04/27/18 | USD | 114.00 | USD | 837 | (3,760 | ) |
| United Technologies Corp. | 112 | 04/27/18 | USD | 130.00 | USD | 1,409 | (19,544 | ) |
| Wells Fargo & Co. | 199 | 04/27/18 | USD | 59.00 | USD | 1,043 | (1,791 | ) |
| Pfizer, Inc. | 264 | 04/30/18 | USD | 35.75 | USD | 937 | (15,312 | ) |
| Cisco Systems, Inc. | 594 | 05/04/18 | USD | 44.00 | USD | 2,548 | (36,234 | ) |
| Coca-Cola Co. | 226 | 05/04/18 | USD | 44.50 | USD | 982 | (12,317 | ) |
| International Paper Co. | 153 | 05/04/18 | USD | 55.00 | USD | 817 | (17,442 | ) |
| Johnson & Johnson | 230 | 05/04/18 | USD | 131.00 | USD | 2,947 | (48,530 | ) |
| Microsoft Corp. | 57 | 05/04/18 | USD | 94.00 | USD | 520 | (14,108 | ) |
| Pfizer, Inc. | 14 | 05/04/18 | USD | 36.50 | USD | 50 | (707 | ) |
| Pfizer, Inc. | 147 | 05/04/18 | USD | 36.00 | USD | 522 | (10,364 | ) |
| Pfizer, Inc. | 132 | 05/04/18 | USD | 35.50 | USD | 468 | (12,672 | ) |
| Philip Morris International, Inc. | 316 | 05/04/18 | USD | 98.00 | USD | 3,141 | (112,970 | ) |
| Procter & Gamble Co. | 301 | 05/04/18 | USD | 78.00 | USD | 2,386 | (74,799 | ) |
| U.S. Bancorp | 252 | 05/04/18 | USD | 52.50 | USD | 1,273 | (17,010 | ) |
| United Parcel Service, Class B | 301 | 05/04/18 | USD | 106.00 | USD | 3,150 | (85,484 | ) |
| United Technologies Corp. | 126 | 05/04/18 | USD | 128.00 | USD | 1,585 | (33,516 | ) |
| Wells Fargo & Co. | 171 | 05/04/18 | USD | 54.00 | USD | 896 | (17,442 | ) |
| Wells Fargo & Co. | 167 | 05/04/18 | USD | 53.50 | USD | 875 | (20,792 | ) |
| Citizens Financial Group, Inc. | 595 | 05/09/18 | USD | 45.90 | USD | 2,498 | (31,190 | ) |
| Coca-Cola Co. | 226 | 05/11/18 | USD | 45.00 | USD | 982 | (12,656 | ) |
| 3M Co. | 89 | 05/18/18 | USD | 226.50 | USD | 1,954 | (44,695 | ) |
| AbbVie, Inc. | 345 | 05/18/18 | USD | 120.00 | USD | 3,265 | (6,900 | ) |
| Coca-Cola Co. | 181 | 05/18/18 | USD | 46.00 | USD | 786 | (4,887 | ) |
| Genuine Parts Co. | 178 | 05/18/18 | USD | 90.00 | USD | 1,599 | (56,070 | ) |
| International Paper Co. | 353 | 05/18/18 | USD | 55.00 | USD | 1,886 | (53,833 | ) |
| M&T Bank Corp. | 176 | 05/18/18 | USD | 195.00 | USD | 3,245 | (41,800 | ) |
| Pepsico, Inc. | 406 | 05/18/18 | USD | 110.00 | USD | 4,431 | (109,417 | ) |
| Pfizer, Inc. | 29 | 05/18/18 | USD | 37.00 | USD | 103 | (1,131 | ) |
| Procter & Gamble Co. | 57 | 05/18/18 | USD | 80.00 | USD | 452 | (9,490 | ) |
| Rogers Communications, Inc., Class B | 700 | 05/18/18 | CAD | 58.00 | CAD | 4,028 | (62,483 | ) |
4
Schedule of Investments (unaudited) (continued) March 31, 2018 BlackRock Enhanced Global Dividend Trust (BOE)
Exchange-Traded Options Written (continued)
| Description | Exercise Price | Notional Amount (000) | Value | |||||
|---|---|---|---|---|---|---|---|---|
| Call | ||||||||
| TELUS Corp. | 1,186 | 05/18/18 | CAD | 46.00 | CAD | 5,365 | $ (51,091 | ) |
| U.S. Bancorp | 131 | 05/18/18 | USD | 52.50 | USD | 662 | (11,790 | ) |
| Wells Fargo & Co. | 340 | 05/18/18 | USD | 55.00 | USD | 1,782 | (29,240 | ) |
| Coca-Cola Co. | 226 | 06/15/18 | USD | 45.00 | USD | 982 | (16,272 | ) |
| $ (1,832,533 | ) |
OTC Options Written
| Description | Counterparty | Value | |||||||
|---|---|---|---|---|---|---|---|---|---|
| Call | |||||||||
| ANTA Sports Products Ltd. | Goldman Sachs International | 289,000 | 04/04/18 | HKD | 36.98 | HKD | 11,577 | $ (114,889 | ) |
| Anheuser-Busch InBev SA | Goldman Sachs International | 31,700 | 04/04/18 | EUR | 85.97 | EUR | 2,832 | (136,447 | ) |
| Givaudan SA, Registered Shares | Bank of America N.A. | 1,200 | 04/04/18 | CHF | 2,176.19 | CHF | 2,617 | (32,931 | ) |
| GlaxoSmithKline PLC | Credit Suisse International | 51,300 | 04/04/18 | GBP | 13.37 | GBP | 710 | (35,790 | ) |
| Nestle SA, Registered Shares | Credit Suisse International | 47,100 | 04/04/18 | CHF | 75.33 | CHF | 3,559 | (37,648 | ) |
| Novo Nordisk A/S | Bank of America N.A. | 20,500 | 04/04/18 | DKK | 320.66 | DKK | 6,109 | (44 | ) |
| Sands China Ltd. | UBS AG | 126,000 | 04/04/18 | HKD | 43.45 | HKD | 5,374 | (6,070 | ) |
| Deutsche Post AG, Registered Shares | Goldman Sachs International | 61,800 | 04/05/18 | EUR | 36.57 | EUR | 2,200 | (8,406 | ) |
| Imperial Brands PLC | Goldman Sachs International | 101,300 | 04/05/18 | GBP | 27.94 | GBP | 2,459 | (18 | ) |
| Kone OYJ, Class B | Credit Suisse International | 50,300 | 04/05/18 | EUR | 44.72 | EUR | 2,040 | (83 | ) |
| Llyods Banking Group PLC | Credit Suisse International | 1,476,500 | 04/05/18 | GBP | 0.68 | GBP | 960 | (2,533 | ) |
| Sanofi | Goldman Sachs International | 36,800 | 04/05/18 | EUR | 67.22 | EUR | 2,400 | (3,633 | ) |
| bpost SA | UBS AG | 12,000 | 04/05/18 | EUR | 27.84 | EUR | 220 | | |
| Citizens Financial Group, Inc. | Barclays Bank PLC | 37,500 | 04/09/18 | USD | 44.90 | USD | 1,574 | (5,230 | ) |
| Rogers Communications, Inc., Class B | Morgan Stanley & Co. International PLC | 75,000 | 04/09/18 | CAD | 57.50 | CAD | 4,316 | (36,061 | ) |
| Ansell Ltd. | Goldman Sachs International | 31,200 | 04/10/18 | AUD | 25.85 | AUD | 795 | (4,184 | ) |
| Sonic Healthcare Ltd. | UBS AG | 20,500 | 04/10/18 | AUD | 24.45 | AUD | 472 | (127 | ) |
| bpost SA | Credit Suisse International | 22,000 | 04/10/18 | EUR | 27.24 | EUR | 404 | (5 | ) |
| ANTA Sports Products Ltd. | JPMorgan Chase Bank N.A. | 206,000 | 04/11/18 | HKD | 40.84 | HKD | 8,252 | (17,141 | ) |
| AstraZeneca PLC | Goldman Sachs International | 60,100 | 04/11/18 | GBP | 48.99 | GBP | 2,945 | (69,179 | ) |
| British American Tobacco PLC | Bank of America N.A. | 118,400 | 04/11/18 | GBP | 45.28 | GBP | 4,878 | (2,919 | ) |
| Far EasTone Telecommunications Co. Ltd. | Goldman Sachs International | 298,000 | 04/11/18 | USD | 74.57 | USD | 23,003 | (24,507 | ) |
| Japan Tobacco, Inc. | Goldman Sachs International | 99,000 | 04/11/18 | JPY | 3,122.58 | JPY | 300,927 | (19,421 | ) |
| Kone OYJ, Class B | Credit Suisse International | 28,100 | 04/11/18 | EUR | 46.37 | EUR | 1,140 | (370 | ) |
| Novartis AG, Registered Shares | Bank of America N.A. | 70,300 | 04/11/18 | CHF | 80.14 | CHF | 5,436 | (11,495 | ) |
| Rogers Communications, Inc., Class B | UBS AG | 44,000 | 04/11/18 | CAD | 59.18 | CAD | 2,532 | (7,439 | ) |
| Sonic Healthcare Ltd. | UBS AG | 20,500 | 04/11/18 | AUD | 24.68 | AUD | 472 | (4 | ) |
| Deutsche Post AG, Registered Shares | UBS AG | 147,200 | 04/12/18 | EUR | 39.97 | EUR | 5,240 | (1,079 | ) |
| TELUS Corp. | UBS AG | 66,600 | 04/12/18 | CAD | 45.88 | CAD | 3,013 | (9,180 | ) |
| Sands China Ltd. | Goldman Sachs International | 108,000 | 04/13/18 | HKD | 43.66 | HKD | 4,606 | (8,885 | ) |
| Diageo PLC | Morgan Stanley & Co. International PLC | 68,900 | 04/17/18 | GBP | 24.91 | GBP | 1,661 | (11,976 | ) |
| Heineken NV | Morgan Stanley & Co. International PLC | 28,300 | 04/17/18 | EUR | 85.44 | EUR | 2,474 | (93,637 | ) |
| Kone OYJ, Class B | Credit Suisse International | 35,500 | 04/17/18 | EUR | 43.85 | EUR | 1,440 | (2,672 | ) |
| Nestle SA, Registered Shares | Credit Suisse International | 73,100 | 04/17/18 | CHF | 75.07 | CHF | 5,523 | (42,780 | ) |
5
Schedule of Investments (unaudited) (continued) March 31, 2018 BlackRock Enhanced Global Dividend Trust (BOE)
OTC Options Written (continued)
| Description | Counterparty | Value | |||||||
|---|---|---|---|---|---|---|---|---|---|
| Call | |||||||||
| Novo Nordisk A/S | Morgan Stanley & Co. International PLC | 61,600 | 04/17/18 | DKK | 314.18 | DKK | 18,357 | $ (11,979 | ) |
| Roche Holding AG | Credit Suisse International | 5,900 | 04/17/18 | CHF | 221.41 | CHF | 1,294 | (14,683 | ) |
| SGS SA, Registered Shares | UBS AG | 800 | 04/17/18 | CHF | 2,410.09 | CHF | 1,881 | (15,628 | ) |
| Sands China Ltd. | JPMorgan Chase Bank N.A. | 108,000 | 04/17/18 | HKD | 45.47 | HKD | 4,606 | (4,225 | ) |
| Sonic Healthcare Ltd. | Deutsche Bank AG | 68,700 | 04/17/18 | AUD | 24.62 | AUD | 1,583 | (708 | ) |
| Taiwan Semiconductor Manufacturing Co. Ltd. | JPMorgan Chase Bank N.A. | 930,000 | 04/17/18 | USD | 253.60 | USD | 229,682 | (86,313 | ) |
| bpost SA | UBS AG | 6,100 | 04/17/18 | EUR | 28.16 | EUR | 112 | (31 | ) |
| Amcor Ltd. | Deutsche Bank AG | 126,000 | 04/18/18 | AUD | 14.44 | AUD | 1,797 | (12,621 | ) |
| Ansell Ltd. | UBS AG | 27,000 | 04/18/18 | AUD | 24.78 | AUD | 688 | (18,315 | ) |
| British American Tobacco PLC | UBS AG | 121,700 | 04/18/18 | GBP | 45.09 | GBP | 5,014 | (11,391 | ) |
| Far EasTone Telecommunications Co. Ltd. | Citibank N.A. | 371,000 | 04/18/18 | USD | 76.48 | USD | 28,637 | (13,831 | ) |
| Imperial Brands PLC | Morgan Stanley & Co. International PLC | 143,700 | 04/18/18 | GBP | 26.54 | GBP | 3,488 | (12,470 | ) |
| Sanofi | UBS AG | 56,100 | 04/18/18 | EUR | 65.85 | EUR | 3,658 | (52,196 | ) |
| bpost SA | Morgan Stanley & Co. International PLC | 12,000 | 04/18/18 | EUR | 28.56 | EUR | 220 | (80 | ) |
| Rogers Communications, Inc., Class B | Morgan Stanley & Co. International PLC | 75,000 | 04/23/18 | CAD | 57.50 | CAD | 4,316 | (43,206 | ) |
| Ansell Ltd. | JPMorgan Chase Bank N.A. | 31,200 | 04/24/18 | AUD | 25.41 | AUD | 795 | (12,543 | ) |
| bpost SA | Credit Suisse International | 22,000 | 04/24/18 | EUR | 27.44 | EUR | 404 | (382 | ) |
| ANTA Sports Products Ltd. | Goldman Sachs International | 290,000 | 04/25/18 | HKD | 39.94 | HKD | 11,617 | (46,851 | ) |
| Far EasTone Telecommunications Co. Ltd. | Citibank N.A. | 250,000 | 04/25/18 | USD | 74.22 | USD | 19,298 | (23,685 | ) |
| Japan Tobacco, Inc. | UBS AG | 112,100 | 04/25/18 | JPY | 3,045.32 | JPY | 340,747 | (87,098 | ) |
| Novartis AG, Registered Shares | Bank of America N.A. | 70,300 | 04/25/18 | CHF | 80.53 | CHF | 5,436 | (24,264 | ) |
| Amcor Ltd. | UBS AG | 364,000 | 04/26/18 | AUD | 14.00 | AUD | 5,191 | (113,894 | ) |
| AstraZeneca PLC | UBS AG | 60,900 | 04/26/18 | GBP | 48.18 | GBP | 2,984 | (141,113 | ) |
| Diageo PLC | Morgan Stanley & Co. International PLC | 99,200 | 04/26/18 | GBP | 23.98 | GBP | 2,392 | (80,969 | ) |
| Cisco Systems, Inc. | Credit Suisse International | 36,000 | 04/30/18 | USD | 45.03 | USD | 1,544 | (12,818 | ) |
| Amcor Ltd. | Deutsche Bank AG | 240,000 | 05/02/18 | AUD | 14.15 | AUD | 3,422 | (61,151 | ) |
| Amcor Ltd. | UBS AG | 223,000 | 05/02/18 | AUD | 14.59 | AUD | 3,180 | (22,576 | ) |
| Anheuser-Busch InBev SA | UBS AG | 13,200 | 05/02/18 | EUR | 87.81 | EUR | 1,179 | (35,058 | ) |
| Givaudan SA, Registered Shares | Goldman Sachs International | 1,500 | 05/02/18 | CHF | 2,257.67 | CHF | 3,271 | (29,902 | ) |
| Roche Holding AG | Citibank N.A. | 10,800 | 05/02/18 | CHF | 233.64 | CHF | 2,368 | (5,295 | ) |
| Sonic Healthcare Ltd. | UBS AG | 114,800 | 05/02/18 | AUD | 24.53 | AUD | 2,645 | (4,445 | ) |
| Unilever PLC | Morgan Stanley & Co. International PLC | 142,400 | 05/02/18 | GBP | 38.83 | GBP | 5,629 | (263,550 | ) |
| Ansell Ltd. | Deutsche Bank AG | 27,000 | 05/03/18 | AUD | 26.64 | AUD | 688 | (3,242 | ) |
| bpost SA | HSBC Bank PLC | 12,000 | 05/03/18 | EUR | 28.12 | EUR | 220 | (29 | ) |
| Pfizer, Inc. | Citibank N.A. | 34,700 | 05/04/18 | USD | 37.49 | USD | 1,232 | (7,417 | ) |
| TELUS Corp. | Citibank N.A. | 40,700 | 05/07/18 | CAD | 46.82 | CAD | 1,841 | (7,359 | ) |
| Ansell Ltd. | Deutsche Bank AG | 24,200 | 05/08/18 | AUD | 26.35 | AUD | 617 | (4,999 | ) |
| Kone OYJ, Class B | Goldman Sachs International | 40,000 | 05/08/18 | EUR | 42.02 | EUR | 1,622 | (30,497 | ) |
| bpost SA | UBS AG | 15,000 | 05/08/18 | EUR | 27.90 | EUR | 275 | (60 | ) |
| Deutsche Post AG, Registered Shares | UBS AG | 50,000 | 05/09/18 | EUR | 37.30 | EUR | 1,780 | (11,253 | ) |
| Diageo PLC | Barclays Bank PLC | 26,000 | 05/09/18 | GBP | 24.28 | GBP | 627 | (19,542 | ) |
| Japan Tobacco, Inc. | Citibank N.A. | 71,700 | 05/09/18 | JPY | 2,975.37 | JPY | 217,944 | (89,993 | ) |
| Sanofi | Goldman Sachs International | 63,500 | 05/09/18 | EUR | 67.32 | EUR | 4,141 | (63,139 | ) |
6
Schedule of Investments (unaudited) (continued) March 31, 2018 BlackRock Enhanced Global Dividend Trust (BOE)
OTC Options Written (continued)
| Description — Sonic Healthcare Ltd. | Counterparty — UBS AG | 68,800 | 05/09/18 | AUD | 23.91 | AUD | 1,585 | Value — $ (10,329 | ) |
|---|---|---|---|---|---|---|---|---|---|
| Unilever PLC | Barclays Bank PLC | 60,000 | 05/09/18 | GBP | 38.10 | GBP | 2,372 | (144,990 | ) |
| Cisco Systems, Inc. | Citibank N.A. | 125,900 | 05/11/18 | USD | 44.50 | USD | 5,400 | (108,091 | ) |
| Imperial Brands PLC | UBS AG | 129,300 | 05/11/18 | GBP | 25.68 | GBP | 3,138 | (72,244 | ) |
| GlaxoSmithKline PLC | Barclays Bank PLC | 417,900 | 05/15/18 | GBP | 14.11 | GBP | 5,784 | (170,447 | ) |
| Llyods Banking Group PLC | UBS AG | 1,415,000 | 05/15/18 | GBP | 0.66 | GBP | 920 | (13,182 | ) |
| bpost SA | UBS AG | 15,000 | 05/16/18 | EUR | 27.90 | EUR | 275 | (100 | ) |
| Far EasTone Telecommunications Co. Ltd. | 217,000 | 05/17/18 | TWD | 77.28 | TWD | 16,750 | (7,548 | ) | |
| Heineken NV | UBS AG | 27,300 | 05/17/18 | EUR | 87.96 | EUR | 2,386 | (43,569 | ) |
| SGS SA, Registered Shares | UBS AG | 1,300 | 05/17/18 | CHF | 2,410.90 | CHF | 3,057 | (47,543 | ) |
| Ansell Ltd. | UBS AG | 33,500 | 05/23/18 | AUD | 26.08 | AUD | 854 | (11,737 | ) |
| Svenska Handelsbanken AB | Credit Suisse International | 206,000 | 05/23/18 | SEK | 103.30 | SEK | 21,529 | (85,993 | ) |
| Far EasTone Telecommunications Co. Ltd. | Citibank N.A. | 217,000 | 05/24/18 | TWD | 77.28 | TWD | 16,750 | (8,073 | ) |
| Llyods Banking Group PLC | Goldman Sachs International | 1,415,000 | 05/24/18 | GBP | 0.66 | GBP | 920 | (15,445 | ) |
| Ansell Ltd. | Citibank N.A. | 64,000 | 05/30/18 | AUD | 25.46 | AUD | 1,631 | (32,277 | ) |
| $ (3,019,152 | ) |
Fair Value Hierarchy as of Period End
Various inputs are used in determining the fair value of investments. 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 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)
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 and is not necessarily an indication of the risks associated with investing in these securities. For information about the Trusts policy regarding valuation of investments, refer to the Trusts most recent financial statements as contained in its annual report.
7
Schedule of Investments (unaudited) (continued) March 31, 2018 BlackRock Enhanced Global Dividend Trust (BOE)
As of March 31, 2018, the following tables summarize the Trusts investments categorized in the disclosure hierarchy:
| Level 1 | Level 2 | Level 3 | Total | ||||
|---|---|---|---|---|---|---|---|
| Assets: | |||||||
| Investments: | |||||||
| Common Stocks: | |||||||
| Australia | $ | $ 44,834,181 | $ | $ 44,834,181 | |||
| Belgium | 8,432,202 | 9,885,969 | | 18,318,171 | |||
| Canada | 55,406,743 | | | 55,406,743 | |||
| China | 9,234,593 | | 9,234,593 | ||||
| Denmark | | 9,170,850 | | 9,170,850 | |||
| Finland | | 17,450,471 | | 17,450,471 | |||
| France | | 28,529,179 | | 28,529,179 | |||
| Germany | | 25,714,643 | | 25,714,643 | |||
| Hong Kong | | 4,221,391 | | 4,221,391 | |||
| India | | 9,149,114 | | 9,149,114 | |||
| Japan | | 18,360,006 | | 18,360,006 | |||
| Netherlands | | 11,974,839 | | 11,974,839 | |||
| Sweden | | 11,728,707 | | 11,728,707 | |||
| Switzerland | | 80,470,426 | | 80,470,426 | |||
| Taiwan | | 22,374,017 | | 22,374,017 | |||
| United Kingdom | | 149,197,423 | | 149,197,423 | |||
| United States | 325,684,127 | | 4,411,841 | 330,095,968 | |||
| Preferred Stocks | | | 7,032,422 | 7,032,422 | |||
| Short-Term Securities | 682,171 | | | 682,171 | |||
| $ 390,205,243 | $ 452,295,809 | $ 11,444,263 | $ 853,945,315 | ||||
| Derivative Financial | |||||||
| Instruments (a) | |||||||
| Liabilities: | |||||||
| Equity contracts | $ (1,711,018 | ) | $ (3,140,667 | ) | $ | $ (4,851,685 | ) |
(a) 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 (a) | Transfers into Level 2 (a) | Transfers out of Level 2 | |||
|---|---|---|---|---|---|---|
| Assets: | ||||||
| Long-Term Investments: | ||||||
| Common Stocks | $ 11,359,710 | $ (19,072,931 | ) | $ 19,072,931 | $ (11,359,710 | ) |
(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) March 31, 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) | | 2,510,577 | 2,510,577 | ||
| Net change in unrealized appreciation | |||||
| (depreciation) (a) | | (2,379,962 | ) | (2,379,962 | ) |
| Purchases | | | | ||
| Sales | | (4,744,684 | ) | (4,744,684 | ) |
| Closing Balance, as of March 31, 2018 | $ 4,411,841 | $ 7,032,422 | $ 11,444,263 | ||
| Net change in unrealized appreciation (depreciation) on investments still held at March 31, 2018 (a) | | $ (2,379,962 | ) | $ (2,379,962 | ) |
(a) Any difference between net change in unrealized appreciation (depreciation) and net change in unrealized appreciation (depreciation) on derivative financial instruments still held at March 31, 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 Trusts Level 3 investments as of period end.
| Value | |||||
|---|---|---|---|---|---|
| Assets: | |||||
| Common Stocks | $ 4,411,841 | Market | Tangible Book Value Multiple (a) | 1.90x | |
| Preferred Stocks | $ 7,032,422 | Market | Revenue Multiple (a) | 6.38x - 14.00x | 9.52x |
| Time to Exit (b) | 2.8 years | | |||
| Volatility (b) | 38 % | | |||
| Total | $ 11,444,263 |
(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) 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.
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: May 21, 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: May 21, 2018 | |
| By: | /s/ Neal J. Andrews |
| Neal J. Andrews | |
| Chief Financial Officer (principal financial officer) of | |
| BlackRock Enhanced Global Dividend Trust | |
| Date: May 21, 2018 |
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