Regulatory Filings • May 29, 2019
Preview not available for this file type.
Download Source FileNPORT-EX 1 NPORT_223780815608675.htm EX-CII
Schedule of Investments (unaudited) March 31, 2019 BlackRock Enhanced Capital and Income Fund (CII) (Percentages shown are based on Net Assets)
| Security | Value | |
|---|---|---|
| Common Stocks 100.7% | ||
| Airlines 1.4% | ||
| Delta Air Lines, Inc. | 201,826 | $ 10,424,313 |
| Banks 9.1% | ||
| Bank of America Corp. (a) | 670,595 | 18,501,688 |
| JPMorgan Chase & Co. (b) | 201,668 | 20,414,852 |
| Regions Financial Corp. | 357,380 | 5,056,927 |
| SunTrust Banks, Inc. | 174,782 | 10,355,833 |
| U.S. Bancorp | 259,689 | 12,514,413 |
| 66,843,713 | ||
| Beverages 1.3% | ||
| Molson Coors Brewing Co., Class B | 166,581 | 9,936,557 |
| Biotechnology 2.5% | ||
| Biogen, Inc. (c) | 47,505 | 11,229,232 |
| Gilead Sciences, Inc. | 116,103 | 7,547,856 |
| 18,777,088 | ||
| Capital Markets 1.4% | ||
| E*Trade Financial Corp. | 219,185 | 10,176,760 |
| Chemicals 1.9% | ||
| DowDuPont, Inc. | 260,562 | 13,890,560 |
| Commercial Services & Supplies 1.6% | ||
| KAR Auction Services, Inc. | 226,776 | 11,635,877 |
| Communications Equipment 3.2% | ||
| Cisco Systems, Inc. | 432,640 | 23,358,234 |
| Consumer Finance 1.8% | ||
| Ally Financial, Inc. | 303,695 | 8,348,575 |
| SLM Corp. | 519,792 | 5,151,139 |
| 13,499,714 | ||
| Containers & Packaging 1.4% | ||
| Packaging Corp. of America | 101,800 | 10,116,884 |
| Diversified Telecommunication Services 0.3% | ||
| Verizon Communications, Inc. | 37,317 | 2,206,554 |
| Electrical Equipment 2.6% | ||
| Emerson Electric Co. | 148,632 | 10,176,833 |
| Hubbell, Inc. | 73,020 | 8,614,900 |
| 18,791,733 |
| Security | Value | |
|---|---|---|
| Electronic Equipment, Instruments & Components 1.6% | ||
| CDW Corp. | 125,226 | $ 12,068,030 |
| Food & Staples Retailing 2.4% | ||
| Walmart, Inc. | 179,754 | 17,531,408 |
| Food Products 0.8% | ||
| J.M. Smucker Co. | 53,851 | 6,273,641 |
| Health Care Equipment & Supplies 1.6% | ||
| Baxter International, Inc. | 145,845 | 11,858,657 |
| Health Care Providers & Services 7.3% | ||
| Centene Corp. (c) | 118,898 | 6,313,484 |
| Humana, Inc. | 51,317 | 13,650,322 |
| Laboratory Corp. of America Holdings (c) | 106,418 | 16,279,826 |
| UnitedHealth Group, Inc. | 69,389 | 17,157,124 |
| 53,400,756 | ||
| Hotels, Restaurants & Leisure 1.7% | ||
| Carnival Corp. | 247,365 | 12,546,353 |
| Household Durables 2.6% | ||
| D.R. Horton, Inc. | 354,758 | 14,679,886 |
| Lennar Corp., Class A | 87,906 | 4,315,306 |
| 18,995,192 | ||
| Independent Power and Renewable Electricity Producers 1.5% | ||
| AES Corp. | 624,869 | 11,297,631 |
| Insurance 1.1% | ||
| Assured Guaranty Ltd. | 184,231 | 8,185,383 |
| Interactive Media & Services 5.4% | ||
| Alphabet, Inc., Class A (c) | 32,534 | 38,288,939 |
| Alphabet, Inc., Class C (c) | 1,038 | 1,217,896 |
| 39,506,835 | ||
| IT Services 2.2% | ||
| Cognizant Technology Solutions Corp., Class A | 220,724 | 15,991,454 |
| Machinery 1.2% | ||
| Fortive Corp. | 103,572 | 8,688,655 |
| Media 4.4% | ||
| Comcast Corp., Class A (a) | 545,198 | 21,797,016 |
| DISH Network Corp., Class A (c) | 339,218 | 10,749,818 |
| 32,546,834 | ||
| Metals & Mining 1.2% | ||
| Freeport-McMoRan, Inc. | 669,333 | 8,627,702 |
| Multiline Retail 3.5% | ||
| Dollar General Corp. | 119,075 | 14,205,648 |
1
Schedule of Investments (unaudited) (continued) March 31, 2019 BlackRock Enhanced Capital and Income Fund (CII) (Percentages shown are based on Net Assets)
| Security | Value | |
|---|---|---|
| Multiline Retail (continued) | ||
| Dollar Tree, Inc. (c) | 107,261 | $ 11,266,695 |
| 25,472,343 | ||
| Oil, Gas & Consumable Fuels 6.3% | ||
| BP PLC ADR | 333,459 | 14,578,827 |
| Chevron Corp. | 109,309 | 13,464,683 |
| Marathon Oil Corp. | 529,624 | 8,850,017 |
| Suncor Energy, Inc. | 295,970 | 9,598,307 |
| 46,491,834 | ||
| Pharmaceuticals 5.9% | ||
| Novartis AG ADR | 123,337 | 11,857,619 |
| Novo Nordisk A/S ADR | 233,891 | 12,234,838 |
| Pfizer, Inc. | 461,637 | 19,605,724 |
| 43,698,181 | ||
| Road & Rail 1.5% | ||
| Norfolk Southern Corp. | 58,697 | 10,969,882 |
| Semiconductors & Semiconductor Equipment 1.7% | ||
| Taiwan Semiconductor Manufacturing Co. Ltd. ADR | 313,376 | 12,835,881 |
| Software 6.0% | ||
| CDK Global, Inc. | 60,887 | 3,581,373 |
| Microsoft Corp. (a) | 347,084 | 40,935,087 |
| 44,516,460 | ||
| Specialty Retail 4.1% | ||
| Lowes Cos., Inc. (a) | 156,034 | 17,081,042 |
| Security | Value | ||
|---|---|---|---|
| Specialty Retail (continued) | |||
| OReilly Automotive, Inc. (c) | 34,272 | $ 13,307,818 | |
| 30,388,860 | |||
| Technology Hardware, Storage & Peripherals 5.7% | |||
| Apple, Inc. (b) | 215,652 | 40,963,097 | |
| Dell Technologies, Inc., Class C (c) | 12,590 | 738,907 | |
| 41,702,004 | |||
| Tobacco 2.5% | |||
| Altria Group, Inc. (a) | 316,053 | 18,150,923 | |
| Total Long-Term Investments 100.7% (Cost $580,342,316) | 741,402,886 | ||
| Short-Term Securities 0.4% | |||
| BlackRock Liquidity Funds, T-Fund, Institutional | |||
| Class, 2.37% (d)(e) | 2,902,413 | 2,902,413 | |
| Total Short-Term Securities 0.4% (Cost $2,902,413) | 2,902,413 | ||
| Total Investments Before Options Written 101.1% (Cost | |||
| $583,244,729) | 744,305,299 | ||
| Options Written (1.0)% (Premiums Received $7,147,671) | (7,604,853 | ) | |
| Total Investments, Net of Options Written 100.1% (Cost | |||
| $576,097,058) | 736,700,446 | ||
| Liabilities in Excess of Other Assets (0.1)% | (824,068 | ) | |
| Net Assets Applicable to Common Shares 100.0% | $ 735,876,378 |
(a) All or a portion of the security has been pledged and/or segregated as collateral in connection with outstanding exchange-traded options written.
(b) All or a portion of the security has been pledged as collateral in connection with outstanding OTC derivatives.
(c) Non-income producing security.
(d) Annualized 7-day yield as of period end.
(e) During the period ended March 31, 2019, 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 | 14,789,354 | (11,886,941 | ) | 2,902,413 | Value at 03/31/19 — $ 2,902,413 | Income — $ 24,133 | Net Realized Gain (Loss) (a) — $ | Change in Unrealized Appreciation (Depreciation) — $ |
|---|---|---|---|---|---|---|---|---|
(a) Includes net capital gain distributions, if applicable.
For Trust compliance purposes, the Trusts industry classifications refer to one or more of the industry 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 industry sub-classifications for reporting ease.
2
Schedule of Investments (unaudited) (continued) March 31, 2019 BlackRock Enhanced Capital and Income Fund (CII)
Portfolio Abbreviations
ADR American Depositary Receipts
Derivative Financial Instruments Outstanding as of Period End
Exchange-Traded Options Written
| Description | Exercise Price | Notional Amount (000) | Value | |||||
|---|---|---|---|---|---|---|---|---|
| Call | ||||||||
| Alphabet, Inc., Class A | 3 | 04/05/19 | USD | 1,120.00 | USD | 353 | $ (17,700 | ) |
| BP PLC ADR | 320 | 04/05/19 | USD | 43.01 | USD | 1,399 | (27,683 | ) |
| Bank of America Corp. | 346 | 04/05/19 | USD | 29.98 | USD | 955 | (82 | ) |
| Baxter International, Inc. | 121 | 04/05/19 | USD | 75.00 | USD | 984 | (75,020 | ) |
| Biogen, Inc. | 52 | 04/05/19 | USD | 342.50 | USD | 1,229 | (1,040 | ) |
| Cognizant Technology Solutions Corp., Class A | 101 | 04/05/19 | USD | 74.93 | USD | 732 | (325 | ) |
| Comcast Corp., Class A | 399 | 04/05/19 | USD | 38.50 | USD | 1,595 | (59,252 | ) |
| D.R. Horton, Inc. | 189 | 04/05/19 | USD | 39.50 | USD | 782 | (38,934 | ) |
| DISH Network Corp., Class A | 471 | 04/05/19 | USD | 32.50 | USD | 1,493 | (24,728 | ) |
| Delta Air Lines, Inc. | 126 | 04/05/19 | USD | 52.00 | USD | 651 | (6,174 | ) |
| Delta Air Lines, Inc. | 279 | 04/05/19 | USD | 51.00 | USD | 1,441 | (29,853 | ) |
| Dollar General Corp. | 65 | 04/05/19 | USD | 121.00 | USD | 775 | (3,412 | ) |
| Dollar General Corp. | 115 | 04/05/19 | USD | 103.00 | USD | 1,208 | (31,338 | ) |
| DowDuPont, Inc. | 52 | 04/05/19 | USD | 55.50 | USD | 277 | (884 | ) |
| DowDuPont, Inc. | 148 | 04/05/19 | USD | 56.50 | USD | 789 | (1,184 | ) |
| E*Trade Financial Corp. | 259 | 04/05/19 | USD | 49.00 | USD | 1,203 | (3,108 | ) |
| Freeport-McMoRan, Inc. | 534 | 04/05/19 | USD | 13.50 | USD | 688 | (4,005 | ) |
| Freeport-McMoRan, Inc. | 526 | 04/05/19 | USD | 12.50 | USD | 678 | (26,826 | ) |
| Humana, Inc. | 54 | 04/05/19 | USD | 312.50 | USD | 1,436 | (810 | ) |
| JPMorgan Chase & Co. | 81 | 04/05/19 | USD | 108.00 | USD | 820 | (162 | ) |
| JPMorgan Chase & Co. | 70 | 04/05/19 | USD | 106.00 | USD | 709 | (175 | ) |
| Lowes Cos., Inc. | 160 | 04/05/19 | USD | 108.00 | USD | 1,752 | (30,960 | ) |
| Lowes Cos., Inc. | 74 | 04/05/19 | USD | 103.00 | USD | 810 | (49,580 | ) |
| Marathon Oil Corp. | 528 | 04/05/19 | USD | 17.00 | USD | 882 | (8,184 | ) |
| Molson Coors Brewing Co. | 241 | 04/05/19 | USD | 64.00 | USD | 1,438 | (1,205 | ) |
| Norfolk Southern Corp. | 76 | 04/05/19 | USD | 180.00 | USD | 1,420 | (55,480 | ) |
| Pfizer, Inc. | 47 | 04/05/19 | USD | 43.50 | USD | 200 | (141 | ) |
| Pfizer, Inc. | 47 | 04/05/19 | USD | 44.00 | USD | 200 | (188 | ) |
| Pfizer, Inc. | 25 | 04/05/19 | USD | 42.50 | USD | 106 | (837 | ) |
| Pfizer, Inc. | 222 | 04/05/19 | USD | 42.04 | USD | 943 | (14,308 | ) |
| Suncor Energy, Inc. | 297 | 04/05/19 | USD | 35.00 | USD | 963 | (891 | ) |
| U.S. Bancorp | 138 | 04/05/19 | USD | 51.67 | USD | 665 | (18 | ) |
| Walmart, Inc. | 228 | 04/05/19 | USD | 101.00 | USD | 2,224 | (342 | ) |
| Regions Financial Corp. | 624 | 04/09/19 | USD | 15.60 | USD | 883 | (446 | ) |
| JPMorgan Chase & Co. | 52 | 04/10/19 | USD | 105.25 | USD | 526 | (1,040 | ) |
| Alphabet, Inc., Class A | 24 | 04/12/19 | USD | 1,160.00 | USD | 2,825 | (65,520 | ) |
| Apple, Inc. | 136 | 04/12/19 | USD | 177.50 | USD | 2,583 | (175,100 | ) |
| Bank of America Corp. | 346 | 04/12/19 | USD | 29.98 | USD | 955 | (880 | ) |
| Carnival Corp. | 381 | 04/12/19 | USD | 56.50 | USD | 1,932 | (1,905 | ) |
| Cisco Systems, Inc. | 116 | 04/12/19 | USD | 52.00 | USD | 626 | (24,070 | ) |
| Cognizant Technology Solutions Corp., Class A | 101 | 04/12/19 | USD | 72.00 | USD | 732 | (12,877 | ) |
| Comcast Corp., Class A | 19 | 04/12/19 | USD | 40.00 | USD | 76 | (893 | ) |
| D.R. Horton, Inc. | 283 | 04/12/19 | USD | 41.00 | USD | 1,171 | (32,687 | ) |
3
Schedule of Investments (unaudited) (continued) March 31, 2019 BlackRock Enhanced Capital and Income Fund (CII)
Exchange-Traded Options Written (continued)
| Description | Exercise Price | Notional Amount (000) | Value | |||||
|---|---|---|---|---|---|---|---|---|
| Call (continued) | ||||||||
| DowDuPont, Inc. | 74 | 04/12/19 | USD | 57.00 | USD | 394 | $ (1,036 | ) |
| E*Trade Financial Corp. | 176 | 04/12/19 | USD | 48.00 | USD | 817 | (12,408 | ) |
| Freeport-McMoRan, Inc. | 525 | 04/12/19 | USD | 13.00 | USD | 677 | (17,325 | ) |
| JPMorgan Chase & Co. | 69 | 04/12/19 | USD | 107.00 | USD | 698 | (621 | ) |
| JPMorgan Chase & Co. | 52 | 04/12/19 | USD | 106.00 | USD | 526 | (806 | ) |
| Lowes Cos., Inc. | 109 | 04/12/19 | USD | 105.00 | USD | 1,193 | (52,048 | ) |
| Marathon Oil Corp. | 485 | 04/12/19 | USD | 17.50 | USD | 810 | (6,062 | ) |
| Microsoft Corp. | 169 | 04/12/19 | USD | 113.00 | USD | 1,993 | (89,148 | ) |
| Novartis AG ADR | 71 | 04/12/19 | USD | 91.25 | USD | 683 | (36,007 | ) |
| Pfizer, Inc. | 47 | 04/12/19 | USD | 44.50 | USD | 200 | (235 | ) |
| Pfizer, Inc. | 25 | 04/12/19 | USD | 43.00 | USD | 106 | (687 | ) |
| Pfizer, Inc. | 151 | 04/12/19 | USD | 43.18 | USD | 641 | (3,585 | ) |
| U.S. Bancorp | 164 | 04/12/19 | USD | 52.00 | USD | 790 | (492 | ) |
| U.S. Bancorp | 68 | 04/12/19 | USD | 51.00 | USD | 328 | (204 | ) |
| Walmart, Inc. | 174 | 04/12/19 | USD | 98.50 | USD | 1,697 | (11,484 | ) |
| AES Corp. | 780 | 04/18/19 | USD | 18.00 | USD | 1,410 | (35,100 | ) |
| Ally Financial, Inc. | 1,240 | 04/18/19 | USD | 27.00 | USD | 3,409 | (120,900 | ) |
| Altria Group, Inc. | 453 | 04/18/19 | USD | 57.50 | USD | 2,602 | (43,035 | ) |
| Assured Guaranty Ltd. | 431 | 04/18/19 | USD | 44.00 | USD | 1,915 | (44,609 | ) |
| Assured Guaranty Ltd. | 213 | 04/18/19 | USD | 45.00 | USD | 946 | (10,650 | ) |
| BP PLC ADR | 320 | 04/18/19 | USD | 43.00 | USD | 1,399 | (36,320 | ) |
| Bank of America Corp. | 733 | 04/18/19 | USD | 30.00 | USD | 2,022 | (4,031 | ) |
| Biogen, Inc. | 13 | 04/18/19 | USD | 340.00 | USD | 307 | (195 | ) |
| CDW Corp. | 351 | 04/18/19 | USD | 100.00 | USD | 3,383 | (14,040 | ) |
| CDW Corp. | 328 | 04/18/19 | USD | 92.75 | USD | 3,161 | (152,929 | ) |
| Carnival Corp. | 246 | 04/18/19 | USD | 57.50 | USD | 1,248 | (1,230 | ) |
| Chevron Corp. | 106 | 04/18/19 | USD | 120.00 | USD | 1,306 | (45,050 | ) |
| Cisco Systems, Inc. | 171 | 04/18/19 | USD | 50.00 | USD | 923 | (67,973 | ) |
| Cognizant Technology Solutions Corp., Class A | 94 | 04/18/19 | USD | 75.00 | USD | 681 | (2,115 | ) |
| Comcast Corp., Class A | 292 | 04/18/19 | USD | 40.00 | USD | 1,167 | (17,374 | ) |
| D.R. Horton, Inc. | 95 | 04/18/19 | USD | 41.00 | USD | 393 | (13,062 | ) |
| DISH Network Corp., Class A | 471 | 04/18/19 | USD | 32.50 | USD | 1,493 | (34,148 | ) |
| Dell Technologies, Inc. | 98 | 04/18/19 | USD | 62.50 | USD | 575 | (3,185 | ) |
| Dell Technologies, Inc. | 27 | 04/18/19 | USD | 60.00 | USD | 158 | (2,632 | ) |
| Delta Air Lines, Inc. | 279 | 04/18/19 | USD | 50.00 | USD | 1,441 | (67,937 | ) |
| Delta Air Lines, Inc. | 200 | 04/18/19 | USD | 52.00 | USD | 1,033 | (24,900 | ) |
| Dollar General Corp. | 115 | 04/18/19 | USD | 105.00 | USD | 1,208 | (23,000 | ) |
| DowDuPont, Inc. | 129 | 04/18/19 | USD | 55.00 | USD | 688 | (8,191 | ) |
| DowDuPont, Inc. | 73 | 04/18/19 | USD | 57.50 | USD | 389 | (1,095 | ) |
| DowDuPont, Inc. | 178 | 04/18/19 | USD | 58.00 | USD | 949 | (1,958 | ) |
| E*Trade Financial Corp. | 352 | 04/18/19 | USD | 50.00 | USD | 1,634 | (19,888 | ) |
| Emerson Electric Co. | 372 | 04/18/19 | USD | 70.00 | USD | 2,547 | (16,740 | ) |
| Fortive Corp. | 314 | 04/18/19 | USD | 85.00 | USD | 2,634 | (28,417 | ) |
| Freeport-McMoRan, Inc. | 357 | 04/18/19 | USD | 13.00 | USD | 460 | (14,101 | ) |
| Gilead Sciences, Inc. | 181 | 04/18/19 | USD | 67.50 | USD | 1,177 | (7,511 | ) |
| Hubbell, Inc. | 355 | 04/18/19 | USD | 125.00 | USD | 4,188 | (15,975 | ) |
| J.M. Smucker Co. | 126 | 04/18/19 | USD | 110.00 | USD | 1,468 | (90,090 | ) |
| JPMorgan Chase & Co. | 84 | 04/18/19 | USD | 105.00 | USD | 850 | (3,360 | ) |
4
Schedule of Investments (unaudited) (continued) March 31, 2019 BlackRock Enhanced Capital and Income Fund (CII)
Exchange-Traded Options Written (continued)
| Description | Exercise Price | Notional Amount (000) | Value | |||||
|---|---|---|---|---|---|---|---|---|
| Call (continued) | ||||||||
| KAR Auction Services, Inc. | 490 | 04/18/19 | USD | 50.00 | USD | 2,514 | $ (113,925 | ) |
| Laboratory Corp. of America Holdings | 380 | 04/18/19 | USD | 150.00 | USD | 5,813 | (188,100 | ) |
| Lennar Corp., Class A | 157 | 04/18/19 | USD | 50.00 | USD | 771 | (14,365 | ) |
| Lowes Cos., Inc. | 66 | 04/18/19 | USD | 110.00 | USD | 723 | (10,923 | ) |
| Marathon Oil Corp. | 539 | 04/18/19 | USD | 18.00 | USD | 901 | (5,120 | ) |
| Microsoft Corp. | 162 | 04/18/19 | USD | 110.00 | USD | 1,911 | (134,460 | ) |
| Molson Coors Brewing Co. | 230 | 04/18/19 | USD | 62.50 | USD | 1,372 | (4,600 | ) |
| Norfolk Southern Corp. | 110 | 04/18/19 | USD | 185.00 | USD | 2,056 | (51,150 | ) |
| Novartis ADR Representing AG | 28 | 04/18/19 | USD | 91.50 | USD | 269 | (14,382 | ) |
| OReilly Automotive, Inc. | 114 | 04/18/19 | USD | 380.00 | USD | 4,427 | (153,900 | ) |
| Packaging Corp. of America | 460 | 04/18/19 | USD | 100.00 | USD | 4,571 | (77,050 | ) |
| Pfizer, Inc. | 69 | 04/18/19 | USD | 43.00 | USD | 293 | (2,656 | ) |
| Pfizer, Inc. | 146 | 04/18/19 | USD | 42.00 | USD | 620 | (13,651 | ) |
| Pfizer, Inc. | 63 | 04/18/19 | USD | 42.50 | USD | 268 | (3,937 | ) |
| SLM Corp. | 1,753 | 04/18/19 | USD | 11.00 | USD | 1,737 | (40,319 | ) |
| SunTrust Banks, Inc. | 615 | 04/18/19 | USD | 62.50 | USD | 3,644 | (19,065 | ) |
| Suncor Energy, Inc. | 298 | 04/18/19 | USD | 35.00 | USD | 966 | (1,341 | ) |
| Taiwan Semiconductor Manufacturing Co. Ltd. | 360 | 04/18/19 | USD | 40.00 | USD | 1,475 | (56,700 | ) |
| Taiwan Semiconductor Manufacturing Co. Ltd. | 50 | 04/18/19 | USD | 39.00 | USD | 205 | (11,875 | ) |
| U.S. Bancorp | 308 | 04/18/19 | USD | 52.50 | USD | 1,484 | (616 | ) |
| UnitedHealth Group, Inc. | 189 | 04/18/19 | USD | 250.00 | USD | 4,673 | (95,445 | ) |
| Walmart, Inc. | 167 | 04/18/19 | USD | 99.50 | USD | 1,629 | (8,350 | ) |
| Alphabet, Inc., Class A | 1 | 04/26/19 | USD | 1,195.00 | USD | 117 | (1,450 | ) |
| Alphabet, Inc., Class A | 12 | 04/26/19 | USD | 1,232.50 | USD | 1,412 | (7,320 | ) |
| Altria Group, Inc. | 319 | 04/26/19 | USD | 57.50 | USD | 1,832 | (44,022 | ) |
| Apple, Inc. | 120 | 04/26/19 | USD | 185.00 | USD | 2,279 | (86,100 | ) |
| BP PLC | 223 | 04/26/19 | USD | 43.00 | USD | 975 | (27,764 | ) |
| Bank of America Corp. | 355 | 04/26/19 | USD | 29.50 | USD | 979 | (4,437 | ) |
| Bank of America Corp. | 230 | 04/26/19 | USD | 29.60 | USD | 635 | (2,653 | ) |
| Baxter International, Inc. | 154 | 04/26/19 | USD | 78.50 | USD | 1,252 | (58,135 | ) |
| Biogen, Inc. | 49 | 04/26/19 | USD | 337.50 | USD | 1,158 | (2,205 | ) |
| Chevron Corp. | 125 | 04/26/19 | USD | 128.00 | USD | 1,540 | (7,750 | ) |
| Cisco Systems, Inc. | 334 | 04/26/19 | USD | 52.50 | USD | 1,803 | (59,118 | ) |
| Cognizant Technology Solutions Corp., Class A | 30 | 04/26/19 | USD | 73.00 | USD | 217 | (3,375 | ) |
| Comcast Corp., Class A | 200 | 04/26/19 | USD | 39.00 | USD | 800 | (30,800 | ) |
| D.R. Horton, Inc. | 278 | 04/26/19 | USD | 43.00 | USD | 1,150 | (26,549 | ) |
| DISH Network Corp., Class A | 342 | 04/26/19 | USD | 34.00 | USD | 1,084 | (18,810 | ) |
| Delta Air Lines, Inc. | 180 | 04/26/19 | USD | 53.00 | USD | 930 | (18,270 | ) |
| Dollar General Corp. | 194 | 04/26/19 | USD | 117.00 | USD | 2,314 | (73,720 | ) |
| Dollar General Corp. | 165 | 04/26/19 | USD | 102.00 | USD | 1,733 | (71,775 | ) |
| Dollar General Corp. | 76 | 04/26/19 | USD | 105.00 | USD | 798 | (18,240 | ) |
| DowDuPont, Inc. | 177 | 04/26/19 | USD | 57.50 | USD | 944 | (4,248 | ) |
| E*Trade Financial Corp. | 176 | 04/26/19 | USD | 48.50 | USD | 817 | (11,792 | ) |
| Emerson Electric Co. | 162 | 04/26/19 | USD | 69.00 | USD | 1,109 | (17,010 | ) |
| Freeport-McMoRan, Inc. | 569 | 04/26/19 | USD | 13.50 | USD | 733 | (21,338 | ) |
| Gilead Sciences, Inc. | 69 | 04/26/19 | USD | 66.50 | USD | 449 | (6,555 | ) |
| JPMorgan Chase & Co. | 217 | 04/26/19 | USD | 107.00 | USD | 2,197 | (5,208 | ) |
| Lowes Cos., Inc. | 218 | 04/26/19 | USD | 103.00 | USD | 2,386 | (151,510 | ) |
| Marathon Oil Corp. | 963 | 04/26/19 | USD | 18.50 | USD | 1,609 | (8,185 | ) |
| Microsoft Corp. | 162 | 04/26/19 | USD | 111.00 | USD | 1,911 | (131,625 | ) |
| Molson Coors Brewing Co. | 256 | 04/26/19 | USD | 61.50 | USD | 1,527 | (15,360 | ) |
| Norfolk Southern Corp. | 135 | 04/26/19 | USD | 182.50 | USD | 2,523 | (103,950 | ) |
5
Schedule of Investments (unaudited) (continued) March 31, 2019 BlackRock Enhanced Capital and Income Fund (CII)
Exchange-Traded Options Written (continued)
| Description | Exercise Price | Notional Amount (000) | Value | |||||
|---|---|---|---|---|---|---|---|---|
| Call (continued) | ||||||||
| Pfizer, Inc. | 138 | 04/26/19 | USD | 42.50 | USD | 586 | $ (10,281 | ) |
| Pfizer, Inc. | 126 | 04/26/19 | USD | 43.00 | USD | 535 | (6,174 | ) |
| Suncor Energy, Inc. | 277 | 04/26/19 | USD | 34.50 | USD | 898 | (6,371 | ) |
| U.S. Bancorp | 277 | 04/26/19 | USD | 51.50 | USD | 1,335 | (2,493 | ) |
| UnitedHealth Group, Inc. | 189 | 04/26/19 | USD | 250.00 | USD | 4,673 | (104,895 | ) |
| Walmart, Inc. | 230 | 04/26/19 | USD | 101.00 | USD | 2,243 | (7,475 | ) |
| Novartis ADR Representing AG | 297 | 04/29/19 | USD | 89.25 | USD | 2,855 | (219,123 | ) |
| Taiwan Semiconductor Manufacturing Co. Ltd. | 108 | 04/29/19 | USD | 40.79 | USD | 442 | (14,884 | ) |
| Novo Nordisk A/S | 419 | 04/30/19 | USD | 52.45 | USD | 2,192 | (54,724 | ) |
| Alphabet, Inc., Class A | 4 | 05/03/19 | USD | 1,185.00 | USD | 471 | (13,680 | ) |
| Apple, Inc. | 71 | 05/03/19 | USD | 195.00 | USD | 1,349 | (31,063 | ) |
| Baxter International, Inc. | 135 | 05/03/19 | USD | 81.00 | USD | 1,098 | (30,645 | ) |
| Carnival Corp. | 447 | 05/03/19 | USD | 51.50 | USD | 2,267 | (40,230 | ) |
| Chevron Corp. | 446 | 05/03/19 | USD | 126.00 | USD | 5,494 | (106,817 | ) |
| Cisco Systems, Inc. | 329 | 05/03/19 | USD | 53.50 | USD | 1,776 | (40,961 | ) |
| Cisco Systems, Inc. | 170 | 05/03/19 | USD | 53.75 | USD | 918 | (24,096 | ) |
| Cognizant Technology Solutions Corp., Class A | 30 | 05/03/19 | USD | 73.00 | USD | 217 | (5,850 | ) |
| Comcast Corp., Class A | 355 | 05/03/19 | USD | 39.51 | USD | 1,419 | (46,658 | ) |
| D.R. Horton, Inc. | 198 | 05/03/19 | USD | 42.50 | USD | 819 | (28,116 | ) |
| DISH Network Corp., Class A | 342 | 05/03/19 | USD | 34.00 | USD | 1,084 | (20,520 | ) |
| Delta Air Lines, Inc. | 187 | 05/03/19 | USD | 52.00 | USD | 966 | (30,481 | ) |
| Dollar General Corp. | 47 | 05/03/19 | USD | 122.00 | USD | 561 | (7,285 | ) |
| DowDuPont, Inc. | 202 | 05/03/19 | USD | 56.00 | USD | 1,077 | (15,554 | ) |
| Fortive Corp. | 50 | 05/03/19 | USD | 85.50 | USD | 419 | (9,650 | ) |
| Freeport-McMoRan, Inc. | 755 | 05/03/19 | USD | 13.50 | USD | 973 | (32,465 | ) |
| Gilead Sciences, Inc. | 288 | 05/03/19 | USD | 66.50 | USD | 1,872 | (41,328 | ) |
| JPMorgan Chase & Co. | 36 | 05/03/19 | USD | 104.00 | USD | 364 | (3,636 | ) |
| JPMorgan Chase & Co. | 27 | 05/03/19 | USD | 103.00 | USD | 273 | (3,645 | ) |
| Lowes Cos., Inc. | 192 | 05/03/19 | USD | 107.00 | USD | 2,102 | (76,800 | ) |
| Marathon Oil Corp. | 455 | 05/03/19 | USD | 18.50 | USD | 760 | (7,735 | ) |
| Microsoft Corp. | 61 | 05/03/19 | USD | 120.00 | USD | 719 | (15,250 | ) |
| Microsoft Corp. | 185 | 05/03/19 | USD | 117.21 | USD | 2,182 | (70,759 | ) |
| Molson Coors Brewing Co. | 304 | 05/03/19 | USD | 61.50 | USD | 1,813 | (37,240 | ) |
| Norfolk Southern Corp. | 42 | 05/03/19 | USD | 190.00 | USD | 785 | (15,540 | ) |
| Pfizer, Inc. | 379 | 05/03/19 | USD | 43.00 | USD | 1,610 | (28,615 | ) |
| Suncor Energy, Inc. | 187 | 05/03/19 | USD | 33.50 | USD | 606 | (9,350 | ) |
| U.S. Bancorp | 142 | 05/03/19 | USD | 50.00 | USD | 684 | (5,964 | ) |
| Walmart, Inc. | 315 | 05/03/19 | USD | 98.50 | USD | 3,072 | (41,423 | ) |
| Altria Group, Inc. | 479 | 05/10/19 | USD | 57.00 | USD | 2,751 | (97,956 | ) |
| BP PLC | 152 | 05/10/19 | USD | 44.00 | USD | 665 | (15,428 | ) |
| Cisco Systems, Inc. | 170 | 05/10/19 | USD | 53.75 | USD | 918 | (26,593 | ) |
| Comcast Corp., Class A | 218 | 05/10/19 | USD | 41.00 | USD | 872 | (15,151 | ) |
| Dollar General Corp. | 63 | 05/10/19 | USD | 122.00 | USD | 752 | (11,812 | ) |
| DowDuPont, Inc. | 101 | 05/10/19 | USD | 55.50 | USD | 538 | (10,251 | ) |
| Emerson Electric Co. | 387 | 05/10/19 | USD | 70.00 | USD | 2,650 | (48,375 | ) |
| Freeport-McMoRan, Inc. | 385 | 05/10/19 | USD | 14.00 | USD | 496 | (12,320 | ) |
| Humana, Inc. | 47 | 05/10/19 | USD | 275.00 | USD | 1,250 | (26,320 | ) |
| Microsoft Corp. | 228 | 05/10/19 | USD | 118.25 | USD | 2,689 | (82,460 | ) |
| AES Corp. | 922 | 05/17/19 | USD | 18.00 | USD | 1,667 | (57,625 | ) |
| Alphabet, Inc., Class A | 13 | 05/17/19 | USD | 1,200.00 | USD | 1,530 | (42,185 | ) |
| Altria Group, Inc. | 708 | 05/17/19 | USD | 57.50 | USD | 4,066 | (129,210 | ) |
| Apple, Inc. | 69 | 05/17/19 | USD | 195.00 | USD | 1,311 | (33,293 | ) |
6
Schedule of Investments (unaudited) (continued) March 31, 2019 BlackRock Enhanced Capital and Income Fund (CII)
Exchange-Traded Options Written (continued)
| Description | Exercise Price | Notional Amount (000) | Value | |||||
|---|---|---|---|---|---|---|---|---|
| Call (continued) | ||||||||
| BP PLC | 152 | 05/17/19 | USD | 44.00 | USD | 665 | $ (15,428 | ) |
| Bank of America Corp. | 460 | 05/17/19 | USD | 30.00 | USD | 1,269 | (8,970 | ) |
| CDK Global, Inc. | 188 | 05/17/19 | USD | 60.00 | USD | 1,106 | (30,550 | ) |
| CDW Corp. | 97 | 05/17/19 | USD | 100.00 | USD | 935 | (21,825 | ) |
| Carnival Corp. | 459 | 05/17/19 | USD | 58.50 | USD | 2,328 | (21,975 | ) |
| Cisco Systems, Inc. | 225 | 05/17/19 | USD | 51.75 | USD | 1,215 | (68,649 | ) |
| Cognizant Technology Solutions Corp., Class A | 30 | 05/17/19 | USD | 72.50 | USD | 217 | (7,200 | ) |
| Comcast Corp., Class A | 425 | 05/17/19 | USD | 40.00 | USD | 1,699 | (50,788 | ) |
| D.R. Horton, Inc. | 198 | 05/17/19 | USD | 44.00 | USD | 819 | (20,295 | ) |
| DISH Network Corp., Class A | 477 | 05/17/19 | USD | 32.50 | USD | 1,512 | (85,860 | ) |
| Dollar General Corp. | 47 | 05/17/19 | USD | 122.00 | USD | 561 | (10,393 | ) |
| Dollar Tree, Inc. | 194 | 05/17/19 | USD | 105.00 | USD | 2,038 | (63,050 | ) |
| DowDuPont, Inc. | 177 | 05/17/19 | USD | 57.50 | USD | 944 | (11,062 | ) |
| E*Trade Financial Corp. | 197 | 05/17/19 | USD | 50.00 | USD | 915 | (13,593 | ) |
| Freeport-McMoRan, Inc. | 498 | 05/17/19 | USD | 14.00 | USD | 642 | (18,177 | ) |
| Gilead Sciences, Inc. | 181 | 05/17/19 | USD | 67.50 | USD | 1,177 | (26,064 | ) |
| Humana, Inc. | 78 | 05/17/19 | USD | 295.00 | USD | 2,075 | (12,480 | ) |
| J.M. Smucker Co. | 207 | 05/17/19 | USD | 120.00 | USD | 2,412 | (36,743 | ) |
| JPMorgan Chase & Co. | 17 | 05/17/19 | USD | 105.00 | USD | 172 | (1,802 | ) |
| Laboratory Corp. of America Holdings | 279 | 05/17/19 | USD | 160.00 | USD | 4,268 | (67,658 | ) |
| Lennar Corp., Class A | 150 | 05/17/19 | USD | 52.50 | USD | 736 | (12,675 | ) |
| Lowes Cos., Inc. | 153 | 05/17/19 | USD | 110.00 | USD | 1,675 | (42,152 | ) |
| Marathon Oil Corp. | 313 | 05/17/19 | USD | 18.00 | USD | 523 | (11,424 | ) |
| Microsoft Corp. | 61 | 05/17/19 | USD | 120.00 | USD | 719 | (17,416 | ) |
| Microsoft Corp. | 185 | 05/17/19 | USD | 117.21 | USD | 2,182 | (73,369 | ) |
| Novo Nordisk A/S | 419 | 05/17/19 | USD | 49.75 | USD | 2,192 | (139,159 | ) |
| OReilly Automotive, Inc. | 101 | 05/17/19 | USD | 380.00 | USD | 3,922 | (210,080 | ) |
| Pfizer, Inc. | 130 | 05/17/19 | USD | 43.00 | USD | 552 | (10,270 | ) |
| Regions Financial Corp. | 584 | 05/17/19 | USD | 16.00 | USD | 826 | (4,964 | ) |
| U.S. Bancorp | 229 | 05/17/19 | USD | 52.50 | USD | 1,104 | (2,519 | ) |
| UnitedHealth Group, Inc. | 52 | 05/17/19 | USD | 260.00 | USD | 1,286 | (18,330 | ) |
| AES Corp. | 902 | 06/03/19 | USD | 18.15 | USD | 1,631 | (53,002 | ) |
| Novo Nordisk A/S | 612 | 06/03/19 | USD | 52.50 | USD | 3,201 | (118,580 | ) |
| $ (7,278,597 | ) |
OTC Options Written
| Description | Counterparty | Value | |||||||
|---|---|---|---|---|---|---|---|---|---|
| Call | |||||||||
| SLM Corp. | Credit Suisse International | 146,900 | 04/04/19 | USD | 11.05 | USD | 1,456 | $ (123 | ) |
| Ally Financial, Inc. | Citibank N.A. | 64,200 | 04/09/19 | USD | 27.53 | USD | 1,765 | (31,972 | ) |
| Centene Corp. | Citibank N.A. | 46,800 | 04/15/19 | USD | 63.91 | USD | 2,485 | (192 | ) |
| Regions Financial Corp. | JPMorgan Chase Bank N.A. | 50,400 | 04/15/19 | USD | 15.81 | USD | 713 | (678 | ) |
| Baxter International, Inc. | JPMorgan Chase Bank N.A. | 10,700 | 04/18/19 | USD | 76.28 | USD | 870 | (57,510 | ) |
| SunTrust Banks, Inc. | Citibank N.A. | 47,800 | 04/23/19 | USD | 65.85 | USD | 2,832 | (12,668 | ) |
| Regions Financial Corp. | Barclays Bank PLC | 50,300 | 05/02/19 | USD | 14.84 | USD | 712 | (10,945 | ) |
| AES Corp. | Citibank N.A. | 91,500 | 05/06/19 | USD | 18.18 | USD | 1,654 | (41,146 | ) |
| AES Corp. | Citibank N.A. | 35,600 | 05/09/19 | USD | 18.02 | USD | 644 | (19,185 | ) |
| Centene Corp. | Barclays Bank PLC | 26,900 | 05/13/19 | USD | 61.04 | USD | 1,428 | (12,390 | ) |
| Kar Auction Services, Inc. | JPMorgan Chase Bank N.A. | 30,300 | 05/15/19 | USD | 51.41 | USD | 1,555 | (67,369 | ) |
| Packaging Corp. of America | Goldman Sachs International | 17,100 | 05/15/19 | USD | $ 98.75 | USD | 1,699 | (72,078 | ) |
| $ (326,256 | ) |
7
Schedule of Investments (unaudited) (continued) March 31, 2019 BlackRock Enhanced Capital and Income Fund (CII)
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 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, refer to the Trusts most recent financial statements as contained in its annual report.
The following tables summarize the Trusts investments and derivative financial instruments categorized in the disclosure hierarchy:
| Level 1 | Level 2 | Level 3 | Total | ||||
|---|---|---|---|---|---|---|---|
| Assets: | |||||||
| Investments: | |||||||
| Long-Term Investments: | |||||||
| Common Stocks (a) | $ 741,402,886 | $ | $ | $ 741,402,886 | |||
| Short-Term Securities | 2,902,413 | | | 2,902,413 | |||
| $ 744,305,299 | $ | $ | $ 744,305,299 | ||||
| Derivative Financial | |||||||
| Instruments (b) | |||||||
| Liabilities: | |||||||
| Equity contracts | $ (5,999,835 | ) | $ (1,605,018 | ) | $ | $ (7,604,853 | ) |
(a) See above Schedule of Investments for values in each industry.
(b) Derivative financial instruments are options written which are shown at value.
During the period ended March 31, 2019, there were no transfers between levels.
8
Building tools?
Free accounts include 100 API calls/year for testing.
Have a question? We'll get back to you promptly.