NPORT-EX 2 NPORT_LCXB_2382966164.htm BlackRock Enhanced Capital and Income Fund

Schedule of Investments  (unaudited)

March 31, 2021

   

BlackRock Enhanced Capital and Income Fund, Inc. (CII)

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  

Common Stocks

 

Aerospace & Defense — 1.2%

    

BAE Systems PLC, ADR

     394,804     $ 11,172,953  
   

 

 

  
Air Freight & Logistics — 1.1%            

C.H. Robinson Worldwide, Inc.

     99,351       9,481,066  
   

 

 

  
Automobiles — 2.5%            

General Motors Co.(a)

    385,411       22,145,716  
   

 

 

  
Banks — 3.7%            

Bank of America Corp.(b)

    374,523       14,490,295  

JPMorgan Chase & Co.

     122,611       18,665,072  
   

 

 

  
      33,155,367  
Beverages — 1.3%            

Coca-Cola Co.

     222,146       11,709,316  
   

 

 

  
Biotechnology — 0.7%            

Biogen, Inc.(a)

    23,013       6,437,887  
   

 

 

  
Capital Markets — 3.0%            

Intercontinental Exchange, Inc.

     92,707       10,353,518  

Morgan Stanley

     216,031       16,776,967  
   

 

 

  
      27,130,485  
Chemicals — 3.4%            

Axalta Coating Systems Ltd.(a)

    325,395       9,625,184  

Corteva, Inc.

     457,748       21,340,212  
   

 

 

  
      30,965,396  
Communications Equipment — 3.1%            

Ciena Corp.(a)

    156,352       8,555,581  

Cisco Systems, Inc.

     373,191       19,297,707  
   

 

 

  
      27,853,288  
Construction & Engineering — 1.2%            

Quanta Services, Inc.

     125,658       11,055,391  
   

 

 

  
Consumer Finance — 2.5%            

Ally Financial, Inc.

     264,856       11,974,140  

Capital One Financial Corp.

     82,210       10,459,578  
   

 

 

  
      22,433,718  
Diversified Financial Services — 2.7%            

Berkshire Hathaway, Inc., Class B(a)

    93,558       23,901,262  
   

 

 

  
Electronic Equipment, Instruments & Components — 0.6%            

CDW Corp.

     31,041       5,145,046  
   

 

 

  
Entertainment — 0.7%            

World Wrestling Entertainment, Inc., Class A

     120,194       6,521,726  
   

 

 

  
Health Care Equipment & Supplies — 1.1%            

Koninklijke Philips NV, NY Shares

     171,889       9,802,830  
   

 

 

  
Health Care Providers & Services — 6.6%            

Anthem, Inc.

     36,405       13,067,575  

Humana, Inc.

     15,548       6,518,499  

Laboratory Corp. of America Holdings(a)

    62,235       15,871,792  

UnitedHealth Group, Inc.

     65,143       24,237,756  
   

 

 

  
      59,695,622  
Health Care Technology — 0.6%            

Veeva Systems, Inc., Class A(a)

    20,886       5,456,259  
   

 

 

  
Hotels, Restaurants & Leisure — 0.7%            

Las Vegas Sands Corp.(a)

    109,648       6,662,212  
   

 

 

  
Security   Shares     Value  
Insurance — 0.6%            

Fidelity National Financial, Inc.

     134,167     $ 5,455,230  
   

 

 

  
Interactive Media & Services(a) — 8.7%            

Alphabet, Inc., Class A(b)

    24,428       50,383,239  

Facebook, Inc., Class A

     93,559       27,555,932  
   

 

 

  
      77,939,171  
Internet & Direct Marketing Retail(a) — 6.3%            

Alibaba Group Holding Ltd., ADR

     42,763       9,695,655  

Amazon.com, Inc.

     15,274       47,258,978  
   

 

 

  
      56,954,633  
IT Services — 5.7%            

Cognizant Technology Solutions Corp., Class A

     76,674       5,989,773  

Fidelity National Information Services, Inc.

     34,346       4,829,391  

FleetCor Technologies, Inc.(a)

    49,152       13,203,702  

Visa, Inc., Class A(b)

    130,830       27,700,636  
   

 

 

  
      51,723,502  
Machinery — 2.1%            

Fortive Corp.

     131,173       9,266,061  

Otis Worldwide Corp.

     136,097       9,315,839  
   

 

 

  
      18,581,900  
Media — 3.5%            

Comcast Corp., Class A

     419,032       22,673,822  

Fox Corp., Class A

     255,538       9,227,477  
   

 

 

  
      31,901,299  
Multi-line Retail — 3.0%            

Dollar General Corp.

     43,588       8,831,801  

Dollar Tree, Inc.(a)

    162,022       18,545,038  
   

 

 

  
      27,376,839  
Oil, Gas & Consumable Fuels — 3.3%            

BP PLC, ADR

     192,239       4,681,020  

Chevron Corp.

     41,336       4,331,599  

ConocoPhillips

     273,568       14,490,897  

EQT Corp.(a)

    314,297       5,839,638  
   

 

 

  
      29,343,154  
Personal Products — 1.5%            

Unilever PLC, ADR

     236,188       13,186,376  
   

 

 

  
Pharmaceuticals — 2.0%            

Novo Nordisk A/S, ADR

     95,933       6,467,803  

Sanofi, ADR

     235,832       11,664,250  
   

 

 

  
      18,132,053  
Professional Services — 1.6%            

Robert Half International, Inc.

     181,380       14,160,337  
   

 

 

  
Real Estate Management & Development — 1.2%        

CBRE Group, Inc., Class A(a)

    141,434       11,188,844  
   

 

 

  
Road & Rail — 1.7%            

Norfolk Southern Corp.

     55,300       14,849,156  
   

 

 

  
Semiconductors & Semiconductor Equipment — 4.9%        

Applied Materials, Inc.

     192,070       25,660,552  

Taiwan Semiconductor Manufacturing Co. Ltd., ADR

     156,680       18,532,110  
   

 

 

  
      44,192,662  
Software — 7.8%            

CDK Global, Inc.

     271,354       14,669,397  

Microsoft Corp.(b)

    233,881       55,142,124  
   

 

 

  
      69,811,521  
 

 

 

SCHEDULE OF INVESTMENTS

   1

Schedule of Investments  (unaudited) (continued)

March 31, 2021

   

BlackRock Enhanced Capital and Income Fund, Inc. (CII)

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  
Specialty Retail — 4.0%  

Lowe’s Cos., Inc.

     56,397     $ 10,725,581  

O’Reilly Automotive, Inc.(a)

    24,309       12,330,740  

Ross Stores, Inc.

     107,428       12,881,692  
   

 

 

  
      35,938,013  
Technology Hardware, Storage & Peripherals — 4.4%  

Apple, Inc.(b)(c)

    326,708       39,907,382  
   

 

 

  
Wireless Telecommunication Services — 1.5%  

Vodafone Group PLC, ADR

     748,168       13,788,736  
   

 

 

  

Total Long-Term Investments — 100.5%
(Cost: $565,692,679)

 

     905,156,348  
   

 

 

  
Short-Term Securities  

Money Market Funds — 1.1%

 

BlackRock Liquidity Funds, T-Fund, Institutional Class, 0.01%(d)(e)

    9,652,689       9,652,689  
   

 

 

  

Total Short-Term Securities — 1.1%
(Cost: $9,652,689)

 

     9,652,689  
   

 

 

  

Total Investments Before Options Written — 101.6%
(Cost: $575,345,368)

 

     914,809,037  
   

 

 

  

Options Written — (1.4)%
(Premiums Received: $(13,239,754))

       (12,879,542 ) 
   

 

 

  

Total Investments, Net of Options Written — 100.2%
(Cost: $562,105,614)

 

     901,929,495  
   

 

 

  

Liabilities in Excess of Other Assets — (0.2)%

 

     (1,638,221 ) 
   

 

 

  

Net Assets — 100.0%

 

   $ 900,291,274  
   

 

 

  
(a)   

Non-income producing security.

(b)   

All or a portion of the security has been pledged and/or segregated as collateral in connection with outstanding exchange-traded options written.

(c)   

All or a portion of the security has been pledged as collateral in connection with outstanding OTC derivatives.

(d)   

Affiliate of the Trust.

(e)   

Annualized 7-day yield as of period end.

 

For Trust compliance purposes, the Trust’s 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.

Affiliates

Investments in issuers considered to be affiliate(s) of the Trust during the period ended March 31, 2021 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

 

Affiliated Issuer    Value at
12/31/20		      Purchases
at Cost		      Proceeds
from Sales		      Net
Realized
Gain (Loss)		      Change in
Unrealized
Appreciation
(Depreciation)		      Value at
03/31/21		      Shares
Held at
03/31/21		      Income      Capital Gain
Distributions
from
Underlying
Funds		  

BlackRock Liquidity Funds, T-Fund, Institutional Class

    $ 11,614,004      $ —      $ (1,961,315 )(a)     $ —      $ —      $ 9,652,689        9,652,689      $ 719      $ —  
           

 

 

     

 

 

     

 

 

        

 

 

     

 

 

  

(a) Represents net amount purchased (sold).

Derivative Financial Instruments Outstanding as of Period End

Exchange-Traded Options Written

 

Description

   

Number of

Contracts

       

Expiration

Date

       

Exercise

Price

       

Notional

Amount (000)

        Value  
Call                                                   

Ciena Corp.

      151          04/01/21        USD     57.00        USD     826        $ (1,435 ) 

Cognizant Technology Solutions Corp., Class A

      243          04/01/21        USD     75.00        USD     1,898          (82,620 ) 

Conocophillips

      268          04/01/21        USD     50.00        USD     1,420          (82,410 ) 

Dollar Tree, Inc.

      100          04/01/21        USD     112.00        USD     1,145          (22,600 ) 

Facebook, Inc., Class A

      80          04/01/21        USD     280.00        USD     2,356          (120,400 ) 

Morgan Stanley

      58          04/01/21        USD     79.00        USD     450          (928 ) 

Ross Stores, Inc.

      319          04/01/21        USD     123.00        USD     3,825          (15,153 ) 

 

 

2  

Schedule of Investments  (unaudited) (continued)

March 31, 2021

  

BlackRock Enhanced Capital and Income Fund, Inc. (CII)

 

Exchange-Traded Options Written (continued)

Description

   

Number of

Contracts

       

Expiration

Date

        Exercise Price       

Notional

Amount (000)

        Value  

Call (continued)

                           

Vodafone Group PLC, ADR

      136          04/01/21        USD     19.50        USD     251          $ (544)  

Alibaba Group Holding Ltd., ADR

      103          04/09/21        USD     252.50        USD     2,335          (1,803 ) 

Ally Financial, Inc.

      472          04/09/21        USD     40.50        USD     2,134          (231,667 ) 

Alphabet, Inc., Class A

      26          04/09/21        USD     2,120.00        USD     5,363          (26,260 ) 

Bank of America Corp.

      177          04/09/21        USD     37.00        USD     685          (33,453 ) 

Berkshire Hathaway, Inc., Class B

      209          04/09/21        USD     245.00        USD     5,339          (232,512 ) 

Biogen, Inc.

      46          04/09/21        USD     282.50        USD     1,287          (25,530 ) 

Chevron Corp.

      138          04/09/21        USD     106.00        USD     1,446          (16,836 ) 

Cisco Systems, Inc.

      80          04/09/21        USD     47.00        USD     414          (38,600 ) 

Coca-Cola Co.

      503          04/09/21        USD     51.50        USD     2,651          (69,917 ) 

Comcast Corp., Class A

      735          04/09/21        USD     54.50        USD     3,977          (35,647 ) 

General Motors Co.

      3          04/09/21        USD     56.00        USD     17          (710 ) 

Las Vegas Sands Corp.

      178          04/09/21        USD     70.00        USD     1,082          (801 ) 

Microsoft Corp.

      274          04/09/21        USD     240.00        USD     6,460          (46,580 ) 

Morgan Stanley

      341          04/09/21        USD     83.00        USD     2,648          (5,115 ) 

Norfolk Southern Corp.

      119          04/09/21        USD     260.00        USD     3,195          (123,165 ) 

Ross Stores, Inc.

      60          04/09/21        USD     121.00        USD     719          (9,900 ) 

Visa, Inc., Class A

      20          04/09/21        USD     217.50        USD     423          (1,950 ) 

Bank of America Corp.

      227          04/13/21        USD     36.50        USD     878          (56,574 ) 

Alibaba Group Holding Ltd., ADR

      103          04/16/21        USD     255.00        USD     2,335          (5,511 ) 

Ally Financial, Inc.

      460          04/16/21        USD     46.00        USD     2,080          (58,190 ) 

Alphabet, Inc., Class A

      41          04/16/21        USD     2,120.00        USD     8,456          (71,135 ) 

Amazon.com, Inc.

      8          04/16/21        USD     3,250.00        USD     2,475          (8,860 ) 

Apple, Inc.

      317          04/16/21        USD     136.25        USD     3,872          (3,329 ) 

Applied Materials, Inc.

      355          04/16/21        USD     105.00        USD     4,743          (1,036,600 ) 

Axalta Coating Systems Ltd.

      454          04/16/21        USD     29.00        USD     1,343          (46,535 ) 

Bank of America Corp.

      272          04/16/21        USD     33.00        USD     1,052          (154,360 ) 

Berkshire Hathaway, Inc., Class B

      178          04/16/21        USD     270.00        USD     4,547          (4,717 ) 

BP PLC — ADR

      172          04/16/21        USD     25.00        USD     419          (7,396 ) 

C.H. Robinson Worldwide, Inc.

      234          04/16/21        USD     94.00        USD     2,233          (60,564 ) 

Capital One Financial Corp.

      253          04/16/21        USD     135.00        USD     3,219          (20,493 ) 

CBRE Group, Inc., Class A

      171          04/16/21        USD     75.00        USD     1,353          (78,660 ) 

CBRE Group, Inc., Class A

      240          04/16/21        USD     85.00        USD     1,899          (9,000 ) 

CDK Global, Inc.

      169          04/16/21        USD     55.00        USD     914          (12,253 ) 

Ciena Corp.

      152          04/16/21        USD     55.00        USD     832          (17,860 ) 

Cisco Systems, Inc.

      219          04/16/21        USD     48.00        USD     1,132          (81,577 ) 

Cisco Systems, Inc.

      42          04/16/21        USD     47.00        USD     217          (20,265 ) 

Coca-Cola Co.

      624          04/16/21        USD     50.00        USD     3,289          (175,344 ) 

Cognizant Technology Solutions Corp., Class A

      124          04/16/21        USD     80.00        USD     969          (9,300 ) 

Comcast Corp., Class A

      31          04/16/21        USD     55.00        USD     168          (1,752 ) 

ConocoPhillips

      121          04/16/21        USD     60.00        USD     641          (1,936 ) 

Corteva, Inc.

      398          04/16/21        USD     47.00        USD     1,855          (42,785 ) 

Dollar Tree, Inc.

      175          04/16/21        USD     105.00        USD     2,003          (165,812 ) 

EQT Corp.

      674          04/16/21        USD     20.00        USD     1,252          (23,590 ) 

EQT Corp.

      674          04/16/21        USD     21.00        USD     1,252          (11,795 ) 

Facebook, Inc., Class A

      129          04/16/21        USD     287.50        USD     3,799          (167,700 ) 

Fidelity D&D Bancorp, Inc.

      659          04/16/21        USD     41.00        USD     2,679          (47,777 ) 

Fleetcor Technologies, Inc.

      74          04/16/21        USD     273.00        USD     1,988          (27,727 ) 

Fortive Corp.

      578          04/16/21        USD     74.00        USD     4,083          (21,903 ) 

Fox Corp., Class A

      245          04/16/21        USD     42.00        USD     885          (6,738 ) 

Intercontinental Exchange, Inc.

      234          04/16/21        USD     115.50        USD     2,613          (11,983 ) 

JPMorgan Chase & Co.

      196          04/16/21        USD     150.00        USD     2,984          (89,670 ) 

Koninklijke Philips NV, NY Shares

      418          04/16/21        USD     55.00        USD     2,384          (104,500 ) 

Laboratory Corp. Of America Holdings

      198          04/16/21        USD     246.00        USD     5,050          (224,896 ) 

Las Vegas Sands Corp.

      189          04/16/21        USD     70.00        USD     1,148          (2,268 ) 

Lowe’s Cos., Inc.

      141          04/16/21        USD     170.00        USD     2,682          (290,107 ) 

Microsoft Corp.

      261          04/16/21        USD     245.00        USD     6,154          (35,887 ) 

Novo Nordisk A/S, ADR

      300          04/16/21        USD     77.50        USD     2,023          (10,500 ) 

Otis Worldwide Corp.

      602          04/16/21        USD     65.00        USD     4,121          (264,880 ) 

Quanta Services, Inc.

      583          04/16/21        USD     78.00        USD     5,129          (588,723 ) 

Robert Half International, Inc.

      139          04/16/21        USD     85.00        USD     1,085          (2,780 ) 

Sanofi — ADR

      747          04/16/21        USD     48.45        USD     3,695          (112,519 ) 

 

 

SCHEDULE OF INVESTMENTS

   3

Schedule of Investments  (unaudited) (continued)

March 31, 2021

  

BlackRock Enhanced Capital and Income Fund, Inc. (CII)

 

Exchange-Traded Options Written (continued)

Description

   

Number of

Contracts

       

Expiration

Date

        Exercise Price       

Notional

Amount (000)

        Value  

Call (continued)

                           

Unilever PLC, ADR

      136          04/16/21        USD     55.00        USD     759          $ (14,280 ) 

UnitedHealth Group, Inc.

      47          04/16/21        USD     340.00        USD     1,749          (160,740 ) 

Ventas, Inc., Class A

      69          04/16/21        USD     340.00        USD     1,803          (10,350 ) 

Ventas, Inc., Class A

      62          04/16/21        USD     280.00        USD     1,620          (11,935 ) 

World Wrestling Entertainment, Inc., Class A

      200          04/16/21        USD     60.00        USD     1,085          (9,500 ) 

World Wrestling Entertainment, Inc., Class A

      294          04/16/21        USD     55.00        USD     1,595          (49,980 ) 

Alphabet, Inc., Class A

      41          04/23/21        USD     2,085.00        USD     8,456          (163,590 ) 

Amazon.com, Inc.

      1          04/23/21        USD     3,250.00        USD     309          (1,978 ) 

Anthem, Inc.

      69          04/23/21        USD     340.00        USD     2,477          (168,360 ) 

Apple, Inc.

      546          04/23/21        USD     128.00        USD     6,669          (65,793 ) 

Bank of America Corp.

      122          04/23/21        USD     37.50        USD     472          (23,851 ) 

Chevron Corp.

      11          04/23/21        USD     110.00        USD     115          (1,282 ) 

Ciena Corp.

      456          04/23/21        USD     50.50        USD     2,495          (172,368 ) 

Cisco Systems, Inc.

      68          04/23/21        USD     49.00        USD     352          (18,768 ) 

Coca-Cola Co.

      259          04/23/21        USD     52.00        USD     1,365          (39,497 ) 

Comcast Corp., Class A

      116          04/23/21        USD     58.50        USD     628          (4,930 ) 

ConocoPhillips

      520          04/23/21        USD     61.00        USD     2,754          (20,020 ) 

Facebook, Inc., Class A

      80          04/23/21        USD     285.00        USD     2,356          (126,600 ) 

Fox Corp., Class A

      245          04/23/21        USD     42.00        USD     885          (6,125 ) 

General Motors Co.

      386          04/23/21        USD     62.00        USD     2,218          (37,056 ) 

Humana, Inc.

      28          04/23/21        USD     415.00        USD     1,174          (35,980 ) 

Las Vegas Sands Corp.

      88          04/23/21        USD     70.00        USD     535          (2,596 ) 

Microsoft Corp.

      135          04/23/21        USD     247.50        USD     3,183          (18,833 ) 

Norfolk Southern Corp.

      103          04/23/21        USD     265.00        USD     2,766          (91,155 ) 

Taiwan Semiconductor Manufacturing Co. Ltd., ADR

      228          04/23/21        USD     123.00        USD     2,697          (61,332 ) 

Vodafone Group PLC, ADR

      663          04/23/21        USD     18.50        USD     1,222          (27,183 ) 

Apple, Inc.

      292          04/30/21        USD     133.00        USD     3,567          (23,652 ) 

Apple, Inc.

      257          04/30/21        USD     126.00        USD     3,139          (71,960 ) 

Applied Materials, Inc.

      188          04/30/21        USD     130.00        USD     2,512          (166,380 ) 

Bank of America Corp.

      243          04/30/21        USD     40.00        USD     940          (21,141 ) 

Berkshire Hathaway, Inc., Class B

      202          04/30/21        USD     255.00        USD     5,160          (111,100 ) 

Biogen, Inc.

      34          04/30/21        USD     282.50        USD     951          (43,690 ) 

BP PLC — ADR

      289          04/30/21        USD     28.50        USD     704          (4,769 ) 

Chevron Corp.

      106          04/30/21        USD     115.00        USD     1,111          (7,102 ) 

Ciena Corp.

      226          04/30/21        USD     58.50        USD     1,237          (13,786 ) 

Cisco Systems, Inc.

      256          04/30/21        USD     50.00        USD     1,324          (62,592 ) 

Cognizant Technology Solutions Corp., Class A

      303          04/30/21        USD     80.50        USD     2,367          (37,117 ) 

Cognizant Technology Solutions Corp., Class A

      73          04/30/21        USD     79.50        USD     570          (12,045 ) 

Comcast Corp., Class A

      1,171          04/30/21        USD     58.50        USD     6,336          (33,373 ) 

ConocoPhillips

      358          04/30/21        USD     52.00        USD     1,896          (76,254 ) 

Dollar Tree, Inc.

      570          04/30/21        USD     113.00        USD     6,524          (233,700 ) 

General Motors Co.

      4          04/30/21        USD     62.00        USD     23          (496 ) 

JPMorgan Chase & Co.

      99          04/30/21        USD     155.00        USD     1,507          (33,907 ) 

JPMorgan Chase & Co.

      71          04/30/21        USD     157.50        USD     1,081          (18,602 ) 

Lowe’s Cos., Inc.

      79          04/30/21        USD     185.00        USD     1,502          (64,780 ) 

Lowe’s Cos., Inc.

      79          04/30/21        USD     195.00        USD     1,502          (23,068 ) 

Microsoft Corp.

      256          04/30/21        USD     237.50        USD     6,036          (165,120 ) 

Norfolk Southern Corp.

      126          04/30/21        USD     267.50        USD     3,383          (110,880 ) 

Visa, Inc., Class A

      97          04/30/21        USD     230.00        USD     2,054          (10,816 ) 

Vodafone Group PLC, ADR

      547          04/30/21        USD     19.00        USD     1,008          (15,863 ) 

CDK Global, Inc.

      328          05/04/21        USD     55.42        USD     1,773          (50,853 ) 

Amazon.Com, Inc.

      4          05/07/21        USD     3,195.00        USD     1,238          (28,780 ) 

Apple, Inc.

      317          05/07/21        USD     126.00        USD     3,872          (103,817 ) 

Applied Materials, Inc.

      129          05/07/21        USD     145.00        USD     1,723          (45,537 ) 

Bank of America Corp.

      307          05/07/21        USD     40.00        USD     1,188          (33,156 ) 

BP PLC — ADR

      61          05/07/21        USD     26.50        USD     149          (2,471 ) 

Capital One Financial Corp.

      141          05/07/21        USD     131.00        USD     1,794          (58,867 ) 

Chevron Corp.

      14          05/07/21        USD     108.00        USD     147          (3,696 ) 

Cisco Systems, Inc.

      215          05/07/21        USD     51.41        USD     1,112          (27,898 ) 

Cisco Systems, Inc.

      41          05/07/21        USD     54.00        USD     212          (1,476 ) 

Comcast Corp., Class A

      219          05/07/21        USD     55.50        USD     1,185          (24,638 ) 

General Motors Co.

      65          05/07/21        USD     62.00        USD     373          (10,823 ) 

 

 

4  

Schedule of Investments  (unaudited) (continued)

March 31, 2021

   

BlackRock Enhanced Capital and Income Fund, Inc. (CII)

 

Exchange-Traded Options Written (continued)

Description    Number of
Contracts		        Expiration
Date		        Exercise Price       

Notional

Amount (000)

        Value  

Call (continued)

                           

JPMorgan Chase & Co.

      121          05/07/21        USD     156.22        USD     1,842        $ (41,434 ) 

Lowe’s Cos., Inc.

      56          05/07/21        USD     195.00        USD     1,065          (20,440 ) 

Microsoft Corp.

      261          05/07/21        USD     245.00        USD     6,154          (90,567 ) 

Taiwan Semiconductor Manufacturing Co. Ltd., ADR

      198          05/07/21        USD     119.00        USD     2,342          (99,990 ) 

Visa, Inc., Class A

      59          05/07/21        USD     215.00        USD     1,249          (33,335 ) 

Alphabet, Inc., Class A

      46          05/21/21        USD     2,050.00        USD     9,488          (442,060 ) 

Amazon.com, Inc.

      14          05/21/21        USD     3,260.00        USD     4,332          (93,310 ) 

Apple, Inc.

      329          05/21/21        USD     140.00        USD     4,019          (31,584 ) 

Bank of America Corp.

      430          05/21/21        USD     37.00        USD     1,664          (120,400 ) 

BP PLC — ADR

      150          05/21/21        USD     25.00        USD     365          (14,850 ) 

CBRE Group, Inc., Class A

      480          05/21/21        USD     80.00        USD     3,797          (163,200 ) 

CDK Global, Inc.

      452          05/21/21        USD     55.00        USD     2,444          (99,440 ) 

CDW Corp.

      124          05/21/21        USD     160.00        USD     2,055          (139,500 ) 

CDW Corp.

      71          05/21/21        USD     165.00        USD     1,177          (59,640 ) 

CH Robinson Worldwide, Inc.

      207          05/21/21        USD     97.50        USD     1,975          (67,792 ) 

Cisco Systems, Inc.

      222          05/21/21        USD     49.00        USD     1,148          (73,815 ) 

Coca-Cola Co.

      150          05/21/21        USD     52.50        USD     791          (24,675 ) 

Comcast Corp., Class A

      367          05/21/21        USD     57.50        USD     1,986          (27,158 ) 

Corteva, Inc.

      1,204          05/21/21        USD     49.63        USD     5,613          (109,832 ) 

Dollar General Corp.

      152          05/21/21        USD     210.00        USD     3,080          (47,880 ) 

Dollar Tree, Inc.

      175          05/21/21        USD     115.00        USD     2,003          (69,125 ) 

EQT Corp.

      313          05/21/21        USD     20.00        USD     582          (31,300 ) 

Facebook, Inc., Class A

      300          05/21/21        USD     290.00        USD     8,836          (560,250 ) 

Fidelity National Financial, Inc.

      186          05/21/21        USD     42.35        USD     756          (22,210 ) 

Fidelity National Info Serv

      216          05/21/21        USD     150.00        USD     3,037          (43,740 ) 

FleetCor Technologies, Inc.

      14          05/21/21        USD     290.00        USD     376          (7,070 ) 

Fortive Corp.

      248          05/21/21        USD     70.00        USD     1,752          (93,000 ) 

General Motors Co.

      235          05/21/21        USD     65.00        USD     1,350          (31,137 ) 

Intercontinental Exchange, Inc.

      350          05/21/21        USD     120.00        USD     3,909          (29,750 ) 

JPMorgan Chase & Co.

      95          05/21/21        USD     155.00        USD     1,446          (45,125 ) 

Laboratory Corp. of America Holdings

      194          05/21/21        USD     240.00        USD     4,948          (389,940 ) 

Las Vegas Sands Corp.

      235          05/21/21        USD     65.00        USD     1,428          (50,290 ) 

Microsoft Corp.

      135          05/21/21        USD     245.00        USD     3,183          (67,500 ) 

Microsoft Corp.

      151          05/21/21        USD     250.00        USD     3,560          (53,227 ) 

Morgan Stanley

      637          05/21/21        USD     82.50        USD     4,947          (110,201 ) 

Novo Nordisk A/S, ADR

      304          05/21/21        USD     72.50        USD     2,050          (19,000 ) 

O’Reilly Automotive, Inc.

      85          05/21/21        USD     490.00        USD     4,312          (262,225 ) 

Quanta Services, Inc.

      208          05/21/21        USD     95.00        USD     1,830          (40,560 ) 

Robert Half International, Inc.

      495          05/21/21        USD     80.00        USD     3,864          (153,450 ) 

Taiwan Semiconductor Manufacturing Co. Ltd., ADR

      125          05/21/21        USD     130.00        USD     1,478          (29,063 ) 

Unilever PLC, ADR

      183          05/21/21        USD     57.50        USD     1,022          (14,640 ) 

UnitedHealth Group, Inc.

      71          05/21/21        USD     380.00        USD     2,642          (70,822 ) 

Visa, Inc., Class A

      59          05/21/21        USD     220.00        USD     1,249          (25,370 ) 

World Wrestling Entertainment, Inc., Class A

      158          05/21/21        USD     65.00        USD     857          (18,565 ) 

Cisco Systems, Inc.

      163          06/18/21        USD     52.50        USD     843          (29,014 ) 
                          

 

 

  
                           $ (12,589,050 ) 
                          

 

 

  

OTC Options Written

 

Description   Counterparty    Number of
Contracts		      Expiration
Date		      Exercise Price     

Notional

Amount (000)

      Value  

Call

                     

BAE Systems PLC, ADR

   Credit Suisse International      13,300        04/07/21        USD       27.65        USD       376      $ (9,839 ) 

ConocoPhillips

   Bank of America N.A.      9,800        04/09/21        USD       57.61        USD       519        (1,876 ) 

BAE Systems PLC, ADR

   Citibank N.A.      30,000        04/21/21        USD       28.55        USD       849        (13,493 ) 

Koninklijke Philips NV — NY Shares

   Barclays Bank PLC      28,000        04/22/21        USD       57.67        USD       1,597        (21,041 ) 

Koninklijke Philips NV — NY Shares

   JPMorgan Chase Bank N.A.      10,500        04/22/21        USD       57.27        USD       599        (14,191 ) 

Sanofi — ADR

   Barclays Bank PLC      7,800        04/26/21        USD       49.51        USD       386        (6,850 ) 

Koninklijke Philips NV — NY Shares

   Barclays Bank PLC      28,000        04/28/21        USD       57.67        USD       1,597        (24,732 ) 

Axalta Coating Systems Ltd.

   Barclays Bank PLC      68,400        05/04/21        USD       30.29        USD       2,023        (42,338 ) 
                    

 

 

SCHEDULE OF INVESTMENTS

   5

Schedule of Investments  (unaudited) (continued)

March 31, 2021

  

BlackRock Enhanced Capital and Income Fund, Inc. (CII)

 

OTC Options Written (continued)

 

Description   Counterparty    Number of
Contracts		      Expiration
Date		     

Exercise Price

     

Notional

Amount (000)

      Value  

Call (continued)

                     

BAE Systems PLC, ADR

   Citibank N.A.      30,000        05/05/21        USD       28.83        USD       849      $ (14,789 ) 

ConocoPhillips

   Credit Suisse International      35,800        05/06/21        USD       53.66        USD       1,896        (87,508 ) 

Unilever PLC, ADR

   Goldman Sachs International      10,600        05/12/21        USD       56.47        USD       592        (10,540 ) 

Otis Worldwide Corp.

   Barclays Capital      25,500        05/21/21        USD       70.77        USD       1,746        (43,295 ) 
                    

 

 

  
                     $ (290,492 ) 
                    

 

 

  
                    

Fair Value Hierarchy as of Period End

Various inputs are used in determining the fair value of financial instruments. These inputs to valuation techniques are categorized into a fair value hierarchy consisting of three broad levels for financial reporting purposes as follows:

 

  •  

Level 1 – Unadjusted price quotations in active markets/exchanges for identical assets or liabilities that the Trust has the ability to access;

 

  •  

Level 2 – Other observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are active, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the assets or liabilities (such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates) or other market–corroborated inputs); and

 

  •  

Level 3 – Unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available (including the BlackRock Global Valuation Methodologies Committee’s (the “Global Valuation Committee’s”) assumptions used in determining the fair value of 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 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. The categorization of a value determined for financial instruments is based on the pricing transparency of the financial instruments and is not necessarily an indication of the risks associated with investing in those securities. For information about the Trust’s policy regarding valuation of financial instruments, refer to its most recent financial statements.

The following table summarizes the Trust’s investments categorized in the fair value hierarchy. The breakdown of the Trust’s investments into major categories is disclosed in the Schedule of Investments above.

 

      Level 1        Level 2        Level 3        Total  

Assets

                  

Investments

                  

Long-Term Investments

                  

Common Stocks

    $ 905,156,348        $ —        $ —        $ 905,156,348  

Short-Term Securities

                  

Money Market Funds

      9,652,689          —          —          9,652,689  
  

 

 

       

 

 

       

 

 

       

 

 

  
   $ 914,809,037        $ —        $ —        $ 914,809,037  
  

 

 

       

 

 

       

 

 

       

 

 

  

Derivative Financial Instruments(a)

                 

Liabilities

                  

Equity Contracts

    $ (11,000,267 )       $ (1,879,275 )       $ —        $ (12,879,542 ) 
  

 

 

       

 

 

       

 

 

       

 

 

  

 

  (a)

Derivative financial instruments are options written. Options written are shown at value.

 

 

Currency Abbreviation
USD   United States Dollar

 

Portfolio Abbreviation
ADR   American Depositary Receipt

 

 

6