N-Q 1 d330566dnq.htm BLACKROCK GLOBAL OPPORTUNITIES EQUITY TRUST BlackRock Global Opportunities Equity Trust

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED

MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number: 811-21729

Name of Fund: BlackRock Global Opportunities Equity Trust (BOE)

Fund Address: 100 Bellevue Parkway, Wilmington, DE 19809

Name and address of agent for service: John M. Perlowski, Chief Executive Officer, BlackRock Global

Opportunities Equity Trust, 55 East 52nd Street, New York, NY 10055

Registrant’s telephone number, including area code: (800) 882-0052, Option 4

Date of fiscal year end: 12/31/2017

Date of reporting period: 03/31/2017


Item 1 – Schedule of Investments

 


Schedule of Investments March 31, 2017 (Unaudited)      BlackRock Global Opportunities Equity Trust (BOE)  
     (Percentages shown are based on Net Assets)  

 

Common Stocks    Shares      Value  

Australia — 0.0%

     

Ensogo Ltd. (a)

     418,198         

Belgium — 1.0%

     

Anheuser-Busch InBev SA

     91,382      $ 10,013,240  

Brazil — 0.5%

     

Embraer SA — ADR (b)

     206,100        4,550,688  

Canada — 1.2%

     

Encana Corp. (b)

     366,400        4,292,598  

Potash Corp. of Saskatchewan, Inc. (b)

     430,440        7,351,915  
     

 

 

 
                11,644,513  

China — 7.1%

     

Alibaba Group Holding Ltd. — ADR (a)(b)

     194,680        20,992,344  

Anhui Conch Cement Co. Ltd., Class H

     2,039,500        6,936,432  

Baidu, Inc. — ADR (a)(b)

     60,800        10,489,216  

China Construction Bank Corp., Class H

     7,180,000        5,784,982  

Ping An Insurance Group Co. of China Ltd., Class H

     2,576,500        14,439,874  

Weibo Corp. — ADR (a)(b)

     75,700        3,950,026  

Weichai Power Co. Ltd., H Shares

     3,949,000        6,975,704  
     

 

 

 
                69,568,578  

France — 3.0%

     

AXA SA

     328,300        8,481,916  

Euronext NV (c)

     105,900        4,617,768  

Iliad SA

     37,000        8,263,320  

Renault SA

     90,600        7,870,654  
     

 

 

 
                29,233,658  

Germany — 1.3%

     

KION Group AG

     85,500        5,580,875  

thyssenkrupp AG

     279,200        6,839,783  
     

 

 

 
                12,420,658  

Hong Kong — 1.8%

     

AIA Group Ltd.

     1,148,900        7,251,808  

Melco Crown Entertainment Ltd. — ADR

     585,000        10,845,900  
     

 

 

 
                18,097,708  

India — 3.8%

     

Bharti Infratel Ltd.

     1,229,359        6,172,673  

Delta Corp. Ltd.

     762,848        2,129,051  

Dish TV India Ltd. (a)

     2,125,890        3,518,289  

Federal Bank Ltd.

     5,509,200        7,760,182  

HDFC Bank Ltd.

     263,782        5,960,998  

ICICI Bank Ltd.

     2,086,200        8,911,344  

Srei Infrastructure Finance Ltd.

     2,087,457        2,667,035  
     

 

 

 
                37,119,572  

Indonesia — 1.1%

     

Bank Negara Indonesia Persero Tbk PT

     12,139,700        5,902,033  

Matahari Department Store Tbk PT

     5,383,023        5,323,117  
     

 

 

 
                11,225,150  
Common Stocks    Shares      Value  

Ireland — 0.6%

     

Green REIT PLC

     3,812,792      $ 5,531,798  

Italy — 2.8%

     

Azimut Holding SpA

     397,100        6,895,821  

Eni SpA

     405,100        6,632,841  

UniCredit SpA

     873,000        13,457,615  
     

 

 

 
                26,986,277  

Japan — 4.5%

     

Alps Electric Co. Ltd.

     161,500        4,579,286  

FANUC Corp.

     34,500        7,102,561  

Nintendo Co. Ltd.

     25,700        5,963,399  

Nippon Yusen KK (a)

     2,151,000        4,541,234  

SMC Corp.

     24,300        7,204,090  

SoftBank Group Corp.

     86,500        6,134,160  

Sumitomo Mitsui Financial Group, Inc.

     245,800        8,946,817  
     

 

 

 
                44,471,547  

Mexico — 0.6%

     

Fomento Economico Mexicano SAB de CV — ADR (b)

     70,600        6,249,512  

Netherlands — 0.9%

     

Akzo Nobel NV

     37,000        3,063,011  

Koninklijke Philips NV

     176,840        5,680,874  
     

 

 

 
                8,743,885  

New Zealand — 0.5%

     

Xero Ltd. (a)

     350,000        4,853,894  

Norway — 0.9%

     

Statoil ASA

     532,360        9,150,498  

Peru — 1.0%

     

Credicorp Ltd. (b)

     60,000        9,798,000  

Philippines — 0.3%

     

CEMEX Holdings Philippines, Inc. (a)(c)

     19,451,800        2,725,384  

Portugal — 1.0%

     

Galp Energia SGPS SA

     672,400        10,198,576  

South Africa — 1.2%

     

Naspers Ltd., N Shares

     66,150        11,398,460  

South Korea — 2.0%

     

Amorepacific Corp.

     17,500        4,392,901  

LG Chem Ltd.

     36,100        9,492,077  

Samsung SDI Co. Ltd.

     43,800        5,407,256  
     

 

 

 
                19,292,234  

Spain — 0.7%

     

Cellnex Telecom SA (c)

     434,078        7,149,238  

Switzerland — 2.0%

     

Nestle SA

     135,934        10,433,175  
 
    Portfolio Abbreviations
ADR    American Depositary Receipt      HKD    Hong Kong Dollar    REIT    Real Estate Investment Trust
CAD    Canadian Dollar      JPY    Japanese Yen    TWD    Taiwan Dollar
CHF    Swiss Franc      KRW    South Korean Won    USD    U.S. Dollar
EUR    Euro      NOK    Norwegian Krone    ZAR    South African Rand
GBP    British Pound      NZD    New Zealand Dollar      

 

 

          MARCH 31, 2017    1


Schedule of Investments (continued)      BlackRock Global Opportunities Equity Trust (BOE)  

 

Common Stocks    Shares      Value  

Switzerland (continued)

     

UBS Group AG

     569,089      $ 9,096,668  
     

 

 

 
                19,529,843  

Taiwan — 1.9%

     

Catcher Technology Co. Ltd.

     950,000        9,388,928  

Taiwan Semiconductor Manufacturing Co. Ltd.

     1,416,000        8,879,216  
     

 

 

 
                18,268,144  

Thailand — 0.6%

     

True Corp PCL

     27,688,600        5,478,798  

United Kingdom — 5.3%

     

AstraZeneca PLC

     71,400        4,390,165  

Babcock International Group PLC

     427,290        4,721,357  

CNH Industrial NV (a)

     759,300        7,308,348  

GlaxoSmithKline PLC

     228,500        4,751,177  

Imperial Brands PLC

     165,220        8,007,150  

Metro Bank PLC (a)

     123,308        5,000,817  

Nomad Foods Ltd. (a)

     520,829        5,963,492  

Unilever PLC

     232,320        11,459,684  
     

 

 

 
                51,602,190  

United States — 49.2%

     

Acuity Brands, Inc. (b)

     23,350        4,763,400  

Adobe Systems, Inc. (a)(b)(d)

     91,820        11,948,537  

Allergan PLC (b)

     20,200        4,826,184  

Alphabet, Inc., Class C (a)(b)

     37,952        31,483,461  

Amazon.com, Inc. (a)(b)

     14,060        12,464,752  

American International Group, Inc. (b)(d)

     216,300        13,503,609  

Amgen, Inc. (b)

     30,600        5,020,542  

Apple, Inc. (b)

     145,000        20,830,700  

Assured Guaranty Ltd.

     121,592        4,512,279  

Biogen, Inc. (a)(b)

     14,100        3,855,222  

Boston Scientific Corp. (a)(b)(d)

     290,887        7,234,360  

Calpine Corp. (a)

     430,600        4,758,130  

Celgene Corp. (a)(b)(d)

     81,430        10,132,335  

Centene Corp. (a)(d)

     78,500        5,593,910  

Cigna Corp. (b)

     34,000        4,980,660  

Comcast Corp., Class A (b)

     144,500        5,431,755  

Concho Resources, Inc. (a)(b)

     53,930        6,921,376  

Crown Holdings, Inc. (a)(b)

     100,370        5,314,592  

DaVita, Inc. (a)(b)

     108,200        7,354,354  

Delphi Automotive PLC

     91,710        7,381,738  

Dover Corp. (b)

     63,400        5,094,190  

Duke Energy Corp. (b)

     86,800        7,118,468  

E*TRADE Financial Corp. (a)(b)

     202,100        7,051,269  

Eastman Chemical Co. (b)

     80,790        6,527,832  

Eli Lilly & Co. (b)

     90,200        7,586,722  

EOG Resources, Inc. (b)

     102,770        10,025,214  

Facebook, Inc., Class A (a)(b)

     81,000        11,506,050  

Humana, Inc. (b)

     36,280        7,478,759  

Intercontinental Exchange, Inc. (b)

     76,600        4,586,042  

Johnson Controls International PLC (b)

     244,001        10,277,322  

Kellogg Co. (b)

     97,300        7,064,953  

Kennedy-Wilson Holdings, Inc.

     274,748        6,099,406  

Lam Research Corp. (b)

     61,100        7,842,796  

Lowe’s Cos., Inc. (b)

     81,030        6,661,476  

Mastercard, Inc., Class A (b)

     106,560        11,984,803  

Medtronic PLC (b)

     97,983        7,893,511  

Merck & Co., Inc. (b)

     108,810        6,913,787  

Mondelez International, Inc., Class A (b)

     135,930        5,855,864  

Mosaic Co. (b)

     354,460        10,343,141  

Newell Brands, Inc. (b)

     172,500        8,136,825  

PayPal Holdings, Inc. (a)(b)

     229,300        9,864,486  

Pfizer, Inc. (b)

     284,430        9,730,350  
Common Stocks    Shares      Value  

United States (continued)

     

Pioneer Natural Resources Co. (b)

     40,100      $ 7,467,823  

Platform Specialty Products Corp. (a)

     343,573        4,473,321  

PPL Corp.

     127,100        4,752,269  

RSP Permian, Inc. (a)(b)

     109,900        4,553,157  

salesforce.com, Inc. (a)(b)

     112,500        9,280,125  

ServiceMaster Global Holdings, Inc. (a)(b)

     159,705        6,667,684  

Skyworks Solutions, Inc. (b)

     47,700        4,673,646  

Snap, Inc., Class A (a)(b)

     168,539        3,797,184  

Starbucks Corp. (b)

     126,346        7,377,343  

Strategic Growth Bancorp. (Acquired 3/10/14,
Cost $5,461,692) (a)(e)

     438,690        4,391,287  

Summit Materials, Inc., Class A (a)

     203,300        5,023,543  

SVB Financial Group (a)(b)

     35,500        6,606,195  

Union Pacific Corp. (b)

     57,674        6,108,830  

UnitedHealth Group, Inc. (b)

     33,277        5,457,761  

VEREIT, Inc.

     552,600        4,691,574  

Walt Disney Co. (b)

     80,800        9,161,912  

Weatherford International PLC (a)(b)

     920,100        6,118,665  

Wells Fargo & Co. (b)(d)

     260,770        14,514,458  

WestRock Co. (b)

     92,700        4,823,181  

Wynn Resorts Ltd. (b)

     55,700        6,383,777  
     

 

 

 
                480,278,897  

Total Common Stocks — 96.8%

              945,580,940  
     
Preferred Stocks                

India — 0.3%

     

Jasper Infotech Private Ltd., Series F (Acquired 5/7/14, Cost $1,895,230), 0.00% (a)(e)

     266        2,351,713  

Jasper Infotech Private Ltd., Series G (Acquired 10/29/14, Cost $741,913), 0.00% (a)(e)

     88        824,045  
     

 

 

 
                3,175,758  

United States — 1.8%

     

Palantir Technologies, Inc., Series I (Acquired 2/7/14, Cost $3,118,944), 0.00% (a)(e)

     508,800        4,039,872  

Uber Technologies, Inc., Series D (Acquired 6/6/14, Cost $3,845,800), 0.00% (a)(e)

     247,908        12,925,923  
     

 

 

 
                16,965,795  

Total Preferred Stocks — 2.1%

              20,141,553  

Total Long Term Investments

(Cost — $827,629,411) — 98.9%

              965,722,493  
     
Short-Term Securities                

BlackRock Liquidity Funds, T-Fund, Institutional Class, 0.60% (f)(g)

     20,413,863        20,413,864  

Total Short-Term Securities

(Cost — $20,413,863) — 2.1%

              20,413,864  

Total Investments Before Options Written

(Cost — $848,043,274*) — 101.0%

              986,136,357  
                   
 

 

 

2         MARCH 31, 2017     


Schedule of Investments (continued)      BlackRock Global Opportunities Equity Trust (BOE)  

 

Options Written    Value  

(Premiums Received — $11,476,481) — (1.2)%

   $ (11,786,747

Total Investments Net of Options Written — 99.8%

     974,349,610  

Other Assets Less Liabilities — 0.2%

     2,142,736  
  

 

 

 

Net Assets — 100.0%

   $ 976,492,346  
  

 

 

 
 

 

Notes to Schedule of Investments

 

* As of March 31, 2017, gross unrealized appreciation and depreciation based on cost for federal income tax purposes were as follows:

 

Tax cost

   $ 852,020,371  
  

 

 

 

Gross unrealized appreciation

   $ 150,456,938  

Gross unrealized depreciation

     (16,340,952
  

 

 

 

Net unrealized appreciation

   $ 134,115,986  
  

 

 

 

 

(a) Non-income producing security.

 

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

 

(c) Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors.

 

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

 

(e) Restricted securities as to resale, excluding 144A securities. As of period end, the Trust held restricted securities with a current value of $24,532,840 and an original cost of $15,063,579 which was 2.5% of its net assets.

 

(f) Current yield as of period end.

 

(g) During the period ended March 31, 2017, investments in issuers considered to be affiliates of the Trust for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

 

Affiliate    Shares Held at
December 31,
2016
     Net
Activity
     Shares Held at
March 31,
2017
     Value at
March 31,
2017
     Income     Realized
Gain
     Change in
Unrealized
Appreciation
(Depreciation)
 

BlackRock Liquidity Funds, T-Fund, Institutional Class

     11,863,116        8,550,748        20,413,864      $ 20,413,864      $ 28,172               

SL Liquidity Series, LLC, Money Market Series

                                 1,525 1    $ 129         

Total

            $ 20,413,864      $ 29,697     $ 129         

 

  1 

Represents securities lending income earned from the reinvestment of cash collateral from loaned securities, net of fees and collateral investment expenses, and other payments to and from borrowers of securities.

 

Derivative Financial Instruments Outstanding as of Period End

Exchange-Traded Options Written

Description    Put/
Call
     Expiration
Date
     Strike
Price
     Contracts      Value  

Boston Scientific Corp.

     Call        4/03/17        USD        23.90        557      $ (54,197

Alibaba Group Holding Ltd. — ADR

     Call        4/07/17        USD        106.00        111        (26,584

Alphabet, Inc., Class C

     Call        4/07/17        USD        832.50        39        (12,675

Baidu, Inc. — ADR

     Call        4/07/17        USD        182.50        93        (372

Cigna Corp.

     Call        4/07/17        USD        152.50        47        (8,554

E*TRADE Financial Corp.

     Call        4/07/17        USD        36.50        165        (5,940

EOG Resources, Inc.

     Call        4/07/17        USD        100.00        124        (3,720

Lowe’s Cos., Inc.

     Call        4/07/17        USD        82.00        225        (16,988

Mastercard, Inc., Class A

     Call        4/07/17        USD        112.00        384        (34,944

Mondelez International, Inc., Class A

     Call        4/07/17        USD        46.50        185        (1,110

Mosaic Co.

     Call        4/07/17        USD        32.50        229        (4,351

Mosaic Co.

     Call        4/07/17        USD        34.00        390        (6,630

Pioneer Natural Resources Co.

     Call        4/07/17        USD        190.00        55        (5,775

Potash Corp. of Saskatchewan, Inc.

     Call        4/07/17        USD        17.50        96        (576

salesforce.com, Inc.

     Call        4/07/17        USD        83.00        86        (4,988

Skyworks Solutions, Inc.

     Call        4/07/17        USD        96.00        86        (20,210

Snap, Inc., Class A

     Call        4/07/17        USD        25.00        232        (2,900

UnitedHealth Group, Inc.

     Call        4/07/17        USD        162.50        8        (1,832

UnitedHealth Group, Inc.

     Call        4/07/17        USD        170.00        42        (567

 

 

          MARCH 31, 2017    3


Schedule of Investments (continued)      BlackRock Global Opportunities Equity Trust (BOE)  

 

Description    Put/
Call
     Expiration
Date
     Strike
Price
     Contracts      Value  

Weatherford International PLC

     Call        4/07/17        USD        6.00        1,000      $ (68,500

Wells Fargo & Co.

     Call        4/07/17        USD        59.50        20        (140

Alibaba Group Holding Ltd. — ADR

     Call        4/13/17        USD        104.00        142        (61,415

Alibaba Group Holding Ltd. — ADR

     Call        4/13/17        USD        105.00        142        (49,700

Alphabet, Inc., Class C

     Call        4/13/17        USD        845.00        20        (3,400

Amazon.com, Inc.

     Call        4/13/17        USD        857.50        2        (6,390

American International Group, Inc.

     Call        4/13/17        USD        64.00        112        (2,240

Celgene Corp.

     Call        4/13/17        USD        127.00        1        (72

Comcast Corp., Class A

     Call        4/13/17        USD        37.50        35        (1,172

E*TRADE Financial Corp.

     Call        4/13/17        USD        37.00        175        (4,375

EOG Resources, Inc.

     Call        4/13/17        USD        98.00        51        (6,758

Facebook, Inc., Class A

     Call        4/13/17        USD        138.00        74        (32,375

Humana, Inc.

     Call        4/13/17        USD        220.00        68        (7,310

Mastercard, Inc., Class A

     Call        4/13/17        USD        112.00        150        (17,325

Merck & Co., Inc.

     Call        4/13/17        USD        66.00        109        (1,308

Mondelez International, Inc., Class A

     Call        4/13/17        USD        44.50        236        (3,894

PayPal Holdings, Inc.

     Call        4/13/17        USD        43.00        179        (9,666

Pfizer, Inc.

     Call        4/13/17        USD        34.00        28        (1,218

Pfizer, Inc.

     Call        4/13/17        USD        34.50        14        (252

Potash Corp. of Saskatchewan, Inc.

     Call        4/13/17        USD        17.50        95        (1,472

Potash Corp. of Saskatchewan, Inc.

     Call        4/13/17        USD        18.00        19        (104

Skyworks Solutions, Inc.

     Call        4/13/17        USD        97.50        86        (17,415

Snap, Inc., Class A

     Call        4/13/17        USD        25.50        232        (5,800

Starbucks Corp.

     Call        4/13/17        USD        56.00        180        (44,910

UnitedHealth Group, Inc.

     Call        4/13/17        USD        170.00        8        (160

Weatherford International PLC

     Call        4/13/17        USD        6.50        1,000        (30,500

Wells Fargo & Co.

     Call        4/13/17        USD        58.50        129        (1,161

Wells Fargo & Co.

     Call        4/13/17        USD        59.50        496        (1,736

Acuity Brands, Inc.

     Call        4/21/17        USD        222.80        64        (13,441

Adobe Systems, Inc.

     Call        4/21/17        USD        120.00        252        (263,340

Adobe Systems, Inc.

     Call        4/21/17        USD        132.75        453        (42,025

Alibaba Group Holding Ltd. — ADR

     Call        4/21/17        USD        105.00        94        (36,425

Allergan PLC

     Call        4/21/17        USD        250.00        56        (5,040

Alphabet, Inc., Class C

     Call        4/21/17        USD        810.00        26        (60,970

Alphabet, Inc., Class C

     Call        4/21/17        USD        850.00        54        (10,935

Amazon.com, Inc.

     Call        4/21/17        USD        860.00        2        (6,445

American International Group, Inc.

     Call        4/21/17        USD        65.00        135        (1,958

Amgen, Inc.

     Call        4/21/17        USD        167.47        50        (5,732

Amgen, Inc.

     Call        4/21/17        USD        180.00        60        (360

Apple, Inc.

     Call        4/21/17        USD        135.00        139        (125,100

Baidu, Inc. — ADR

     Call        4/21/17        USD        180.00        46        (2,622

Biogen, Inc.

     Call        4/21/17        USD        270.00        39        (32,565

Boston Scientific Corp.

     Call        4/21/17        USD        26.00        173        (1,038

Celgene Corp.

     Call        4/21/17        USD        125.00        119        (23,622

Cigna Corp.

     Call        4/21/17        USD        155.00        70        (8,050

Comcast Corp., Class A

     Call        4/21/17        USD        37.50        35        (1,575

Comcast Corp., Class A

     Call        4/21/17        USD        37.90        396        (11,195

Concho Resources, Inc.

     Call        4/21/17        USD        135.00        163        (12,632

Credicorp Ltd.

     Call        4/21/17        USD        170.00        150        (7,125

Crown Holdings, Inc.

     Call        4/21/17        USD        55.00        230        (6,900

DaVita, Inc.

     Call        4/21/17        USD        70.00        295        (8,850

Dover Corp.

     Call        4/21/17        USD        80.00        350        (73,500

Duke Energy Corp.

     Call        4/21/17        USD        80.00        178        (45,390

Duke Energy Corp.

     Call        4/21/17        USD        82.50        60        (4,500

E*TRADE Financial Corp.

     Call        4/21/17        USD        38.00        175        (3,850

Eastman Chemical Co.

     Call        4/21/17        USD        80.00        225        (43,312

Eli Lilly & Co.

     Call        4/21/17        USD        80.00        185        (87,875

Embraer SA — ADR

     Call        4/21/17        USD        25.00        376        (5,640

EOG Resources, Inc.

     Call        4/21/17        USD        105.00        35        (525

Facebook, Inc., Class A

     Call        4/21/17        USD        140.00        101        (32,068

Fomento Economico Mexicano SAB de CV — ADR

     Call        4/21/17        USD        90.00        259        (35,612

Humana, Inc.

     Call        4/21/17        USD        220.00        66        (4,125

Johnson Controls International PLC

     Call        4/21/17        USD        42.00        500        (41,250

Johnson Controls International PLC

     Call        4/21/17        USD        43.00        245        (8,575

 

 

4         MARCH 31, 2017     


Schedule of Investments (continued)      BlackRock Global Opportunities Equity Trust (BOE)  

 

Description    Put/
Call
     Expiration
Date
     Strike
Price
     Contracts      Value  

Kellogg Co.

     Call        4/21/17        USD        77.50        213      $ (2,662

Lam Research Corp.

     Call        4/21/17        USD        125.00        196        (109,760

Medtronic PLC

     Call        4/21/17        USD        82.50        77        (2,002

Mondelez International, Inc., Class A

     Call        4/21/17        USD        46.00        89        (1,068

Mosaic Co.

     Call        4/21/17        USD        31.00        555        (8,880

Newell Brands, Inc.

     Call        4/21/17        USD        48.00        474        (23,700

PayPal Holdings, Inc.

     Call        4/21/17        USD        43.00        379        (28,804

Pfizer, Inc.

     Call        4/21/17        USD        33.00        142        (18,673

Pioneer Natural Resources Co.

     Call        4/21/17        USD        195.00        47        (6,228

Potash Corp. of Saskatchewan, Inc.

     Call        4/21/17        USD        18.00        96        (864

RSP Permian, Inc.

     Call        4/21/17        USD        40.00        304        (62,320

salesforce.com, Inc.

     Call        4/21/17        USD        85.00        528        (30,888

Skyworks Solutions, Inc.

     Call        4/21/17        USD        100.00        5        (600

Snap, Inc., Class A

     Call        4/21/17        USD        22.00        29        (4,132

Snap, Inc., Class A

     Call        4/21/17        USD        26.00        231        (7,508

Starbucks Corp.

     Call        4/21/17        USD        57.00        120        (20,520

Union Pacific Corp.

     Call        4/21/17        USD        110.00        236        (8,496

UnitedHealth Group, Inc.

     Call        4/21/17        USD        170.00        42        (3,507

Walt Disney Co.

     Call        4/21/17        USD        110.00        244        (90,890

Weatherford International PLC

     Call        4/21/17        USD        7.00        780        (12,090

Weibo Corp. — ADR

     Call        4/21/17        USD        55.00        208        (19,240

Wells Fargo & Co.

     Call        4/21/17        USD        57.00        180        (8,640

WestRock Co.

     Call        4/21/17        USD        55.00        205        (6,150

Wynn Resorts Ltd.

     Call        4/21/17        USD        110.00        153        (91,800

Alibaba Group Holding Ltd. — ADR

     Call        4/28/17        USD        108.00        171        (44,631

Alibaba Group Holding Ltd. — ADR

     Call        4/28/17        USD        109.00        134        (29,547

Amgen, Inc.

     Call        4/28/17        USD        182.50        27        (796

Apple, Inc.

     Call        4/28/17        USD        139.00        225        (132,750

Baidu, Inc. — ADR

     Call        4/28/17        USD        180.00        105        (22,418

Celgene Corp.

     Call        4/28/17        USD        126.00        209        (55,803

Celgene Corp.

     Call        4/28/17        USD        128.00        118        (24,957

Cigna Corp.

     Call        4/28/17        USD        155.00        70        (19,530

E*TRADE Financial Corp.

     Call        4/28/17        USD        35.50        426        (36,423

Encana Corp.

     Call        4/28/17        CAD        16.50        504        (10,043

EOG Resources, Inc.

     Call        4/28/17        USD        98.50        102        (19,329

Facebook, Inc., Class A

     Call        4/28/17        USD        140.00        85        (34,850

Humana, Inc.

     Call        4/28/17        USD        220.00        66        (8,745

Lowe’s Cos., Inc.

     Call        4/28/17        USD        81.50        75        (13,312

Mastercard, Inc., Class A

     Call        4/28/17        USD        113.00        52        (7,020

Medtronic PLC

     Call        4/28/17        USD        81.50        425        (32,512

Merck & Co., Inc.

     Call        4/28/17        USD        64.50        43        (3,956

Merck & Co., Inc.

     Call        4/28/17        USD        66.50        109        (9,047

Mondelez International, Inc., Class A

     Call        4/28/17        USD        44.00        119        (8,390

Mosaic Co.

     Call        4/28/17        USD        31.00        555        (16,926

PayPal Holdings, Inc.

     Call        4/28/17        USD        42.50        630        (85,995

Pfizer, Inc.

     Call        4/28/17        USD        34.50        345        (13,455

Pioneer Natural Resources Co.

     Call        4/28/17        USD        187.50        25        (11,500

Pioneer Natural Resources Co.

     Call        4/28/17        USD        192.50        21        (5,565

Potash Corp. of Saskatchewan, Inc.

     Call        4/28/17        USD        18.00        391        (10,166

salesforce.com, Inc.

     Call        4/28/17        USD        83.00        117        (18,018

ServiceMaster Global Holdings, Inc.

     Call        4/28/17        USD        41.50        398        (37,660

Skyworks Solutions, Inc.

     Call        4/28/17        USD        100.00        85        (25,075

Snap, Inc., Class A

     Call        4/28/17        USD        23.50        116        (12,760

UnitedHealth Group, Inc.

     Call        4/28/17        USD        165.00        76        (23,370

Walt Disney Co.

     Call        4/28/17        USD        112.00        138        (33,672

Wells Fargo & Co.

     Call        4/28/17        USD        56.00        59        (6,077

Wells Fargo & Co.

     Call        4/28/17        USD        59.00        104        (1,976

Wells Fargo & Co.

     Call        4/28/17        USD        60.00        59        (620

Wynn Resorts Ltd.

     Call        4/28/17        USD        110.00        153        (104,040

Duke Energy Corp.

     Call        5/02/17        USD        78.70        60        (24,665

Weibo Corp. — ADR

     Call        5/03/17        USD        55.00        208        (28,552

Alibaba Group Holding Ltd. — ADR

     Call        5/05/17        USD        109.00        133        (36,708

Alphabet, Inc., Class C

     Call        5/05/17        USD        840.00        42        (67,200

American International Group, Inc.

     Call        5/05/17        USD        62.00        565        (111,022

Amgen, Inc.

     Call        5/05/17        USD        167.50        31        (9,238

 

 

          MARCH 31, 2017    5


Schedule of Investments (continued)      BlackRock Global Opportunities Equity Trust (BOE)  

 

Description    Put/
Call
     Expiration
Date
     Strike
Price
     Contracts      Value  

Apple, Inc.

     Call        5/05/17        USD        142.00        140      $ (67,200

Biogen, Inc.

     Call        5/05/17        USD        280.00        39        (30,615

E*TRADE Financial Corp.

     Call        5/05/17        USD        35.00        170        (21,590

EOG Resources, Inc.

     Call        5/05/17        USD        96.50        163        (59,495

Facebook, Inc., Class A

     Call        5/05/17        USD        142.00        100        (41,250

Merck & Co., Inc.

     Call        5/05/17        USD        65.00        41        (3,424

Mondelez International, Inc., Class A

     Call        5/05/17        USD        44.50        118        (8,024

PayPal Holdings, Inc.

     Call        5/05/17        USD        43.50        73        (7,556

Pfizer, Inc.

     Call        5/05/17        USD        34.50        378        (18,900

Potash Corp. of Saskatchewan, Inc.

     Call        5/05/17        USD        17.50        142        (6,319

Snap, Inc., Class A

     Call        5/05/17        USD        27.00        43        (2,258

Starbucks Corp.

     Call        5/05/17        USD        58.00        394        (63,237

SVB Financial Group

     Call        5/05/17        USD        194.80        40        (16,974

Union Pacific Corp.

     Call        5/05/17        USD        107.00        52        (12,402

Walt Disney Co.

     Call        5/05/17        USD        113.00        62        (12,989

Weatherford International PLC

     Call        5/05/17        USD        6.50        515        (28,068

Intercontinental Exchange, Inc.

     Call        5/08/17        USD        60.50        182        (16,822

Amazon.com, Inc.

     Call        5/12/17        USD        880.00        37        (125,338

American International Group, Inc.

     Call        5/12/17        USD        64.00        135        (23,018

Apple, Inc.

     Call        5/12/17        USD        139.20        211        (133,442

Comcast Corp., Class A

     Call        5/12/17        USD        38.25        330        (18,113

EOG Resources, Inc.

     Call        5/12/17        USD        100.00        90        (21,375

Merck & Co., Inc.

     Call        5/12/17        USD        63.50        57        (9,092

Pfizer, Inc.

     Call        5/12/17        USD        34.50        403        (21,560

Weatherford International PLC

     Call        5/12/17        USD        7.00        515        (18,540

Acuity Brands, Inc.

     Call        5/19/17        USD        220.00        64        (26,240

Alibaba Group Holding Ltd. — ADR

     Call        5/19/17        USD        110.00        143        (46,475

Allergan PLC

     Call        5/19/17        USD        250.00        56        (20,720

Alphabet, Inc., Class C

     Call        5/19/17        USD        830.00        28        (63,700

Amazon.com, Inc.

     Call        5/19/17        USD        855.00        36        (180,990

American International Group, Inc.

     Call        5/19/17        USD        67.50        242        (6,413

Apple, Inc.

     Call        5/19/17        USD        140.00        82        (51,865

Baidu, Inc. — ADR

     Call        5/19/17        USD        180.00        90        (29,250

Boston Scientific Corp.

     Call        5/19/17        USD        25.00        557        (45,396

Credicorp Ltd.

     Call        5/19/17        USD        170.00        180        (33,300

Duke Energy Corp.

     Call        5/19/17        USD        82.50        179        (25,508

Eli Lilly & Co.

     Call        5/19/17        USD        85.00        125        (22,438

Embraer SA — ADR

     Call        5/19/17        USD        25.00        376        (12,220

Facebook, Inc., Class A

     Call        5/19/17        USD        145.00        85        (27,625

Fomento Economico Mexicano SAB de CV — ADR

     Call        5/19/17        USD        90.00        64        (14,720

Fomento Economico Mexicano SAB de CV — ADR

     Call        5/19/17        USD        95.00        64        (5,280

Intercontinental Exchange, Inc.

     Call        5/19/17        USD        60.00        239        (39,435

Lowe’s Cos., Inc.

     Call        5/19/17        USD        82.50        145        (24,868

Medtronic PLC

     Call        5/19/17        USD        82.50        37        (2,997

Merck & Co., Inc.

     Call        5/19/17        USD        65.00        84        (8,442

Merck & Co., Inc.

     Call        5/19/17        USD        67.50        155        (5,192

Pfizer, Inc.

     Call        5/19/17        USD        35.00        254        (8,382

Pioneer Natural Resources Co.

     Call        5/19/17        USD        195.00        25        (11,000

Potash Corp. of Saskatchewan, Inc.

     Call        5/19/17        USD        18.00        130        (4,225

ServiceMaster Global Holdings, Inc.

     Call        5/19/17        USD        40.00        200        (51,000

Snap, Inc., Class A

     Call        5/19/17        USD        25.00        43        (5,590

Union Pacific Corp.

     Call        5/19/17        USD        110.00        29        (4,727

UnitedHealth Group, Inc.

     Call        5/19/17        USD        170.00        8        (1,448

Weatherford International PLC

     Call        5/19/17        USD        7.00        1,250        (51,250

Wells Fargo & Co.

     Call        5/19/17        USD        60.00        208        (4,992

Concho Resources, Inc.

     Call        5/22/17        USD        131.75        133        (57,214

Eli Lilly & Co.

     Call        6/02/17        USD        84.75        186        (38,408

Pioneer Natural Resources Co.

     Call        6/16/17        USD        190.00        47        (41,360

Total

                  $ (5,195,860
                 

 

 

 

 

 

6         MARCH 31, 2017     


Schedule of Investments (continued)      BlackRock Global Opportunities Equity Trust (BOE)  

 

OTC Options Written

Description    Put/
Call
   Counterparty    Expiration
Date
   Strike
Price
     Contracts      Value  

Melco Crown Entertainment Ltd. — ADR

   Call    UBS AG    4/03/17    USD      17.95        76,000      $ (48,408

WestRock Co.

   Call    Barclays Bank PLC    4/03/17    USD      54.33        32,000        (157

Kennedy-Wilson Holdings, Inc.

   Call    Morgan Stanley & Co. International PLC    4/04/17    USD      21.19        55,000        (56,211

Imperial Brands PLC

   Call    Bank of America N.A.    4/05/17    GBP      38.19        53,600        (45,759

Statoil ASA

   Call    Morgan Stanley & Co. International PLC    4/05/17    NOK      150.91        65,000        (3,527

Xero Ltd.

   Call    Citibank N.A.    4/05/17    NZD      18.99        7,900        (4,437

Alps Electric Co. Ltd.

   Call    Bank of America N.A.    4/06/17    JPY      3,517.45        62,500        (106

Azimut Holding SpA

   Call    Credit Suisse International    4/06/17    EUR      17.70        163,000        (16

Catcher Technology Co. Ltd.

   Call    Goldman Sachs International    4/06/17    TWD      248.75        261,000        (440,718

Cellnex Telecom SA

   Call    UBS AG    4/06/17    EUR      14.43        40,400        (43,413

Galp Energia SGPS SA

   Call    Morgan Stanley & Co. International PLC    4/06/17    EUR      14.05        170,000        (40,708

Metro Bank PLC

   Call    UBS AG    4/06/17    GBP      36.48        10,500        (2

Ping An Insurance Group Co. of China Ltd., Class H

   Call    JPMorgan Chase Bank N.A.    4/06/17    HKD      43.64        371,000        (19,013

SMC Corp.

   Call    Bank of America N.A.    4/06/17    JPY      32,867.09        9,500        (46,719

SoftBank Group Corp.

   Call    JPMorgan Chase Bank N.A.    4/06/17    JPY      8,837.28        29,600        (17

UBS Group AG

   Call    Morgan Stanley & Co. International PLC    4/06/17    CHF      16.59        135,000        (20,990

Xero Ltd.

   Call    Deutsche Bank AG    4/06/17    NZD      19.67        18,000        (2,970

AstraZeneca PLC

   Call    Morgan Stanley & Co. International PLC    4/07/17    GBP      46.50        5,100        (16,769

Delphi Automotive PLC

   Call    UBS AG    4/10/17    USD      75.75        25,200        (124,443

VEREIT, Inc.

   Call    Deutsche Bank AG    4/10/17    USD      9.09        152,000        (479

Azimut Holding SpA

   Call    Bank of America N.A.    4/11/17    EUR      16.24        55,400        (15,865

Cellnex Telecom SA

   Call    UBS AG    4/11/17    EUR      14.19        45,800        (61,283

Kellogg Co.

   Call    UBS AG    4/11/17    USD      75.45        32,200        (2,179

Metro Bank PLC

   Call    UBS AG    4/11/17    GBP      36.26        6,700        (17

Metro Bank PLC

   Call    UBS AG    4/11/17    GBP      37.24        18,100        (9

Ping An Insurance Group Co. of China Ltd., Class H

   Call    JPMorgan Chase Bank N.A.    4/11/17    HKD      43.85        371,000        (20,409

Babcock International Group PLC

   Call    Morgan Stanley & Co. International PLC    4/12/17    GBP      9.45        153,000        (224

Koninklijke Philips NV

   Call    Morgan Stanley & Co. International PLC    4/12/17    EUR      28.10        61,600        (132,991

Mosaic Co.

   Call    Citibank N.A.    4/12/17    USD      34.02        22,000        (25

Xero Ltd.

   Call    UBS AG    4/12/17    NZD      19.19        5,000        (2,274

Summit Materials, Inc., Class A

   Call    Citibank N.A.    4/13/17    USD      24.73        56,000        (30,247

Eastman Chemical Co.

   Call    Citibank N.A.    4/17/17    USD      80.60        22,000        (31,567

AIA Group Ltd.

   Call    JPMorgan Chase Bank N.A.    4/19/17    HKD      49.49        138,000        (11,244

Anhui Conch Cement Co. Ltd., Class H

   Call    UBS AG    4/19/17    HKD      28.09        560,000        (12,630

AXA SA

   Call    Bank of America N.A.    4/19/17    EUR      23.75        60,500        (46,526

Cellnex Telecom SA

   Call    Deutsche Bank AG    4/19/17    EUR      14.95        26,000        (16,780

Euronext NV

   Call    Morgan Stanley & Co. International PLC    4/19/17    EUR      42.09        29,000        (6,696

LG Chem Ltd.

   Call    UBS AG    4/19/17    KRW      287,640.00        10,800        (111,391

Metro Bank PLC

   Call    UBS AG    4/19/17    GBP      35.93        10,340        (309

Naspers Ltd., N Shares

   Call    UBS AG    4/19/17    ZAR      2,169.74        18,100        (211,968

Ping An Insurance Group Co. of China Ltd., Class H

   Call    Citibank N.A.    4/19/17    HKD      42.87        675,000        (95,244

Unilever PLC

   Call    Credit Suisse International    4/19/17    GBP      41.61        89,800        (15,626

Xero Ltd.

   Call    Deutsche Bank AG    4/19/17    NZD      19.29        15,000        (6,425

Boston Scientific Corp.

   Call    UBS AG    4/20/17    USD      25.22        17,300        (3,866

Lam Research Corp.

   Call    Deutsche Bank AG    4/20/17    USD      119.00        25,000        (256,137

Nintendo Co. Ltd.

   Call    Citibank N.A.    4/20/17    JPY      25,430.70        2,200        (19,767

Delphi Automotive PLC

   Call    UBS AG    4/24/17    USD      75.75        25,200        (137,182

Potash Corp. of Saskatchewan, Inc.

   Call    UBS AG    4/24/17    USD      19.16        38,000        (786

Akzo Nobel NV

   Call    Goldman Sachs International    4/25/17    EUR      75.76        19,000        (65,669

AstraZeneca PLC

   Call    Morgan Stanley & Co. International PLC    4/25/17    GBP      48.99        10,700        (13,632

Embraer SA — ADR

   Call    UBS AG    4/25/17    USD      25.24        37,700        (6,380

Euronext NV

   Call    Morgan Stanley & Co. International PLC    4/25/17    EUR      42.16        17,200        (4,853

GlaxoSmithKline PLC

   Call    Deutsche Bank AG    4/25/17    GBP      17.05        35,000        (3,351

KION Group AG

   Call    UBS AG    4/25/17    EUR      60.85        12,600        (20,541

Melco Crown Entertainment Ltd. — ADR

   Call    UBS AG    4/25/17    USD      17.95        76,000        (77,093

Metro Bank PLC

   Call    UBS AG    4/25/17    GBP      36.00        8,329        (432

 

 

          MARCH 31, 2017    7


Schedule of Investments (continued)      BlackRock Global Opportunities Equity Trust (BOE)  

 

Description    Put/
Call
   Counterparty    Expiration
Date
     Strike
Price
     Contracts      Value  

Renault SA

   Call    Deutsche Bank AG      4/25/17      EUR      85.55        20,000      $ (12,028

Samsung SDI Co. Ltd.

   Call    Deutsche Bank AG      4/25/17      KRW      134,773.60        24,000        (137,262

SMC Corp.

   Call    Bank of America N.A.      4/25/17      JPY      33,682.83        3,800        (21,760

Sumitomo Mitsui Financial Group, Inc.

   Call    Bank of America N.A.      4/25/17      JPY      4,442.11        111,000        (8,751

UniCredit SpA

   Call    Credit Suisse International      4/25/17      EUR      14.01        240,000        (169,373

Alps Electric Co. Ltd.

   Call    Bank of America N.A.      4/26/17      JPY      3,666.80        26,400        (962

Anhui Conch Cement Co. Ltd., Class H

   Call    UBS AG      4/26/17      HKD      27.96        561,000        (22,573

CNH Industrial NV

   Call    Bank of America N.A.      4/26/17      EUR      9.06        99,700        (21,739

Euronext NV

   Call    Morgan Stanley & Co. International PLC      4/26/17      EUR      41.65        12,000        (5,995

FANUC Corp.

   Call    UBS AG      4/26/17      JPY      22,950.52        8,100        (40,570

LG Chem Ltd.

   Call    JPMorgan Chase Bank N.A.      4/26/17      KRW      282,645.73        9,000        (129,665

Nestle SA

   Call    Bank of America N.A.      4/26/17      CHF      76.20        37,700        (26,855

Nippon Yusen KK

   Call    Bank of America N.A.      4/26/17      JPY      268.83        591,000        (2,506

thyssenkrupp AG

   Call    HSBC Bank PLC      4/26/17      EUR      23.16        63,600        (31,391

Weichai Power Co. Ltd., H Shares

   Call    UBS AG      4/26/17      HKD      14.85        580,000        (9,392

AXA SA

   Call    Morgan Stanley & Co. International PLC      4/27/17      EUR      24.07        60,000        (38,134

Centene Corp.

   Call    Citibank N.A.      4/27/17      USD      69.15        43,100        (139,316

China Construction Bank Corp., Class H

   Call    JPMorgan Chase Bank N.A.      4/27/17      HKD      6.70        1,974,000        (6,206

Galp Energia SGPS SA

   Call    Morgan Stanley & Co. International PLC      4/27/17      EUR      13.70        100,000        (61,476

Johnson Controls International PLC

   Call    Barclays Bank PLC      4/27/17      USD      42.24        59,700        (43,558

Newell Brands, Inc.

   Call    Bank of America N.A.      4/27/17      USD      49.14        47,400        (13,070

Nintendo Co. Ltd.

   Call    Bank of America N.A.      4/27/17      JPY      25,734.55        12,000        (104,784

Statoil ASA

   Call    Deutsche Bank AG      4/27/17      NOK      149.61        85,800        (25,515

UBS Group AG

   Call    Morgan Stanley & Co. International PLC      4/27/17      CHF      16.18        89,000        (33,130

Unilever PLC

   Call    BNP Paribas S.A.      4/27/17      GBP      41.21        59,400        (23,531

Xero Ltd.

   Call    Deutsche Bank AG      4/27/17      NZD      19.94        12,000        (2,356

Assured Guaranty Ltd.

   Call    Bank of America N.A.      4/28/17      USD      39.55        32,000        (3,912

Eni SpA

   Call    Deutsche Bank AG      4/28/17      EUR      14.60        40,200        (32,443

Imperial Brands PLC

   Call    Bank of America N.A.      4/28/17      GBP      38.75        37,300        (37,180

Kennedy-Wilson Holdings, Inc.

   Call    Deutsche Bank AG      4/28/17      USD      21.47        32,100        (32,905

KION Group AG

   Call    Deutsche Bank AG      4/28/17      EUR      57.79        10,500        (42,124

RSP Permian, Inc.

   Call    Goldman Sachs International      4/28/17      USD      42.94        30,000        (20,859

Xero Ltd.

   Call    Deutsche Bank AG      4/28/17      NZD      19.51        8,500        (3,089

Calpine Corp.

   Call    Deutsche Bank AG      5/01/17      USD      11.46        118,800        (30,388

AXA SA

   Call    Credit Suisse International      5/02/17      EUR      24.11        60,000        (55,723

Babcock International Group PLC

   Call    Morgan Stanley & Co. International PLC      5/02/17      GBP      9.46        82,100        (1,211

Cellnex Telecom SA

   Call    Morgan Stanley & Co. International PLC      5/02/17      EUR      15.46        13,600        (5,548

Cellnex Telecom SA

   Call    Morgan Stanley & Co. International PLC      5/02/17      EUR      15.64        56,500        (18,166

Metro Bank PLC

   Call    Morgan Stanley & Co. International PLC      5/02/17      GBP      33.15        8,000        (5,979

Nestle SA

   Call    Morgan Stanley & Co. International PLC      5/02/17      CHF      77.37        37,000        (10,159

ServiceMaster Global Holdings, Inc.

   Call    Citibank N.A.      5/02/17      USD      42.15        28,000        (24,889

Weichai Power Co. Ltd., H Shares

   Call    UBS AG      5/02/17      HKD      14.92        580,000        (11,063

Anheuser-Busch InBev SA

   Call    UBS AG      5/03/17      EUR      101.96        46,000        (90,145

Cellnex Telecom SA

   Call    Morgan Stanley & Co. International PLC      5/03/17      EUR      15.32        56,500        (27,844

Eni SpA

   Call    Bank of America N.A.      5/03/17      EUR      15.11        120,900        (39,391

Iliad SA

   Call    UBS AG      5/03/17      EUR      209.58        10,300        (62,835

KION Group AG

   Call    Deutsche Bank AG      5/03/17      EUR      58.66        24,000        (83,486

Koninklijke Philips NV

   Call    Morgan Stanley & Co. International PLC      5/03/17      EUR      28.09        61,600        (143,185

Naspers Ltd., N Shares

   Call    Bank of America N.A.      5/03/17      ZAR      2,216.36        15,000        (156,872

Renault SA

   Call    HSBC Bank PLC      5/03/17      EUR      87.51        20,000        (18,176

Summit Materials, Inc., Class A

   Call    Citibank N.A.      5/03/17      USD      24.73        56,000        (48,624

Calpine Corp.

   Call    UBS AG      5/04/17      USD      11.26        118,000        (41,029

AstraZeneca PLC

   Call    Morgan Stanley & Co. International PLC      5/05/17      GBP      50.09        23,500        (26,277

SVB Financial Group

   Call    Barclays Bank PLC      5/05/17      USD      194.75        18,400        (78,335

Kennedy-Wilson Holdings, Inc.

   Call    Barclays Bank PLC      5/08/17      USD      21.50        32,000        (34,792

AIA Group Ltd.

   Call    Citibank N.A.      5/09/17      HKD      49.64        247,000        (30,050

Catcher Technology Co. Ltd.

   Call    UBS AG      5/09/17      TWD      262.14        261,000        (339,115

China Construction Bank Corp., Class H

   Call    JPMorgan Chase Bank N.A.      5/09/17      HKD      6.73        1,974,000        (9,597

Eni SpA

   Call    Bank of America N.A.      5/09/17      EUR      14.78        61,800        (38,120

 

 

8         MARCH 31, 2017     


Schedule of Investments (continued)      BlackRock Global Opportunities Equity Trust (BOE)  

 

Description    Put/
Call
   Counterparty    Expiration
Date
     Strike
Price
     Contracts      Value  

Galp Energia SGPS SA

   Call    Credit Suisse International      5/09/17      EUR      13.69        99,800      $ (66,444

Nippon Yusen KK

   Call    Bank of America N.A.      5/09/17      JPY      270.14        591,000        (5,713

Statoil ASA

   Call    Citibank N.A.      5/09/17      NOK      148.62        71,000        (32,457

Taiwan Semiconductor Manufacturing Co. Ltd.

   Call    Morgan Stanley & Co. International PLC      5/09/17      TWD      186.60        386,000        (65,157

Weichai Power Co. Ltd., H Shares

   Call    JPMorgan Chase Bank N.A.      5/09/17      HKD      15.25        1,011,000        (17,603

Xero Ltd.

   Call    UBS AG      5/09/17      NZD      18.73        10,000        (8,066

Boston Scientific Corp.

   Call    Barclays Bank PLC      5/10/17      USD      25.00        13,900        (10,139

Potash Corp. of Saskatchewan, Inc.

   Call    Deutsche Bank AG      5/10/17      USD      19.25        45,000        (2,628

thyssenkrupp AG

   Call    UBS AG      5/10/17      EUR      22.79        90,000        (91,101

VEREIT, Inc.

   Call    Bank of America N.A.      5/10/17      USD      8.60        152,000        (41,757

AIA Group Ltd.

   Call    UBS AG      5/11/17      HKD      51.05        247,000        (16,908

Anheuser-Busch InBev SA

   Call    UBS AG      5/11/17      EUR      104.86        4,300        (4,815

CNH Industrial NV

   Call    Credit Suisse International      5/11/17      EUR      9.23        318,000        (64,362

FANUC Corp.

   Call    Morgan Stanley & Co. International PLC      5/11/17      JPY      23,815.88        10,900        (32,281

Iliad SA

   Call    Morgan Stanley & Co. International PLC      5/11/17      EUR      214.86        10,000        (44,666

Renault SA

   Call    UBS AG      5/11/17      EUR      84.03        9,800        (21,873

SoftBank Group Corp.

   Call    JPMorgan Chase Bank N.A.      5/11/17      JPY      8,280.00        18,000        (21,629

Taiwan Semiconductor Manufacturing Co. Ltd.

   Call    Deutsche Bank AG      5/11/17      TWD      198.34        393,000        (12,026

Xero Ltd.

   Call    Deutsche Bank AG      5/11/17      NZD      19.10        10,000        (6,114

Xero Ltd.

   Call    Deutsche Bank AG      5/11/17      NZD      20.04        13,000        (2,985

Crown Holdings, Inc.

   Call    UBS AG      5/15/17      USD      54.56        32,200        (26,338

Melco Crown Entertainment Ltd. — ADR

   Call    Royal Bank of Canada      5/16/17      USD      17.02        170,000        (296,234

PPL Corp.

   Call    Barclays Bank PLC      5/16/17      USD      36.80        44,000        (46,270

UniCredit SpA

   Call    Credit Suisse International      5/16/17      EUR      14.01        240,000        (265,342

DaVita, Inc.

   Call    Citibank N.A.      5/17/17      USD      67.80        30,000        (59,688

Lam Research Corp.

   Call    Deutsche Bank AG      5/17/17      USD      119.25        8,600        (99,956

GlaxoSmithKline PLC

   Call    UBS AG      5/25/17      GBP      16.96        90,600        (18,155

Kennedy-Wilson Holdings, Inc.

   Call    Barclays Bank PLC      5/25/17      USD      22.15        32,000        (21,938

Sumitomo Mitsui Financial Group, Inc.

   Call    Morgan Stanley & Co. International PLC      5/25/17      JPY      4,182.07        24,200        (17,969

UBS Group AG

   Call    Deutsche Bank AG      5/26/17      CHF      16.17        89,000        (22,022

PPL Corp.

   Call    Citibank N.A.      5/30/17      USD      36.78        17,900        (24,933

PPL Corp.

   Call    Credit Suisse International      5/30/17      USD      37.60        8,000        (6,635

Naspers Ltd., N Shares

   Call    UBS AG      6/01/17      ZAR      2,331.08        3,200        (24,794

Total

                     $ (6,590,887
                    

 

 

 

 

Fair Value Hierarchy as of Period End

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

 

   

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

 

   

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

 

   

Level 3 — unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available (including the Trust’s own assumptions used in determining the fair value of investments and derivative financial instruments)

The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the fair value hierarchy classification is determined based on the lowest level input that is significant to the fair value measurement in its entirety. Investments classified within Level 3 have significant unobservable inputs used by the BlackRock Global Valuation Methodologies Committee (the “Global Valuation Committee”) in determining the price for Fair Valued Investments. Level 3 investments include equity or debt issued by privately held companies or funds. There may not be a secondary market, and/or there are a limited number of investors. Level 3 investments may also be adjusted to reflect illiquidity and/or non-transferability, with the amount of such discount estimated by the Global Valuation Committeeinthe absence of market information.

Changes in valuation techniques may result in transfers into or out of an assigned level within the hierarchy. In accordance with the Trust’s policy, transfers between different levels of the fair value hierarchy are deemed to have occurred as of the beginning of the reporting period. The categorization of a value determined for investments and derivative financial instruments is based on the pricing transparency of the investments and derivative financial instruments and is not necessarily an indication of the risks

 

 

          MARCH 31, 2017    9


Schedule of Investments (continued)      BlackRock Global Opportunities Equity Trust (BOE)  

 

associated with investing in those securities. For information about the Trust’s policy regarding valuation of investments and derivative financial instruments, refer to the Trust’s most recent financial statements as contained in its semi-annual report.

The following tables summarize the Trust’s investments and derivative financial instruments categorized in the disclosure hierarchy:

 

      Level 1   Level 2   Level 3    Total

Assets:

                 

Investments:

                 

Long-Term Investments:

                 

Common Stocks:

                 

Australia

                         

Belgium

           $ 10,013,240            $ 10,013,240

Brazil

     $ 4,550,688                    4,550,688

Canada

       11,644,513                    11,644,513

China

       35,431,586       34,136,992              69,568,578

France

             29,233,658              29,233,658

Germany

             12,420,658              12,420,658

Hong Kong

       10,845,900       7,251,808              18,097,708

India

             37,119,572              37,119,572

Indonesia

             11,225,150              11,225,150

Ireland

       5,531,798                    5,531,798

Italy

             26,986,277              26,986,277

Japan

             44,471,547              44,471,547

Mexico

       6,249,512                    6,249,512

Netherlands

             8,743,885              8,743,885

New Zealand

             4,853,894              4,853,894

Norway

             9,150,498              9,150,498

Peru

       9,798,000                    9,798,000

Philippines

       2,725,384                    2,725,384

Portugal

             10,198,576              10,198,576

South Africa

             11,398,460              11,398,460

South Korea

             19,292,234              19,292,234

Spain

             7,149,238              7,149,238

Switzerland

             19,529,843              19,529,843

Taiwan

             18,268,144              18,268,144

Thailand

       5,478,798                    5,478,798

United Kingdom

       5,963,492       45,638,698              51,602,190

United States

       475,887,610           $ 4,391,287        480,278,897

Preferred Stocks

                   20,141,553        20,141,553

Short-Term Securities

       20,413,864                    20,413,864
    

 

 

 

Total Investments

     $         594,521,145     $         367,082,372     $         24,532,840      $         986,136,357
    

 

 

 
                 
      Level 1   Level 2   Level 3    Total

Derivative Financial Instruments1

                 

Liabilities:

                 

Equity contracts

     $ (4,697,420 )     $ (7,089,327 )            $ (11,786,747 )
    

 

 

 

1    Derivative financial instruments are options written, which are shown at value.

     

Transfers between Level 1 and Level 2 were as follow:  
                 
      Transfers into
Level 1
  Transfers out of
Level 11
  Transfers into
Level 21
   Transfers out of
Level 2

Assets:

                 

Investments:

                 

Long-Term Investments:

                 

Common Stocks

           $ (16,689,749 )     $ 16,689,749       
    

 

 

 

 

  1 

External pricing service used to reflect any significant market movements between the time the Fund valued such foreign securities and the earlier closing of foreign markets.

 

 

10         MARCH 31, 2017     


Schedule of Investments (concluded)      BlackRock Global Opportunities Equity Trust (BOE)  

 

A reconciliation of Level 3 investments is presented when the Trust had a significant amount of Level 3 investments at the beginning and/or end of the period in relation to net assets. The following table is a reconciliation of Level 3 investments for which significant unobservable inputs were used in determining fair value:

 

      Common
Stocks
    Preferred
Stocks
    Total  

Assets:

      

Opening Balance, as of December 31, 2016

   $ 4,421,995     $ 24,994,450     $ 29,416,445  

Transfers into Level 3

                  

Transfers out of Level 3

                  

Accrued discounts/premiums

                  

Net realized gain (loss)

                  

Net change in unrealized appreciation/depreciation1

     (30,708     (4,852,897     (4,883,605

Purchases

                  

Sales

                  

Closing Balance, as of March 31, 2017

   $ 4,391,287     $ 20,141,553     $ 24,532,840  

Net change in unrealized appreciation/depreciation on investments still held at March 31, 20171

   $ (30,708   $ (4,852,897   $ (4,883,605

 

  1 

Any difference between net change in unrealized appreciation (depreciation) and net change in unrealized appreciation (depreciation) on investments still held at March 31, 2017 is generally due to investments no longer held or categorized as Level 3 at period end.

The following table summarizes the valuation methodologies used and unobservable inputs utilized by the BlackRock Global Valuation Methodologies Committee (the “Global Valuation Committee”) to determine the value of certain of the Trust’s Level 3 investments as of period end.

 

      Value      Valuation Approach    Unobservable
Inputs
   Range of
Unobservable Inputs
Utilized
     Weighted Average of
Unobservable Inputs
 

Assets:

              

Common Stocks

   $ 4,391,287      Market    Tangible Book Value Multiple1      1.80x         

Preferred Stocks3

     20,141,553      Market    Revenue Growth Rate1      133% - 187.00%        174.14%  
         Revenue Multiple1      10.75x - 32.5x        15.46x  
         Time to Exit 2      2-3 years         
                 Volatility1      38.00%         

Total

   $     24,532,840                              

 

  1 

Increase in unobservable input may result in a significant increase to value, while a decrease in the unobservable input may result in a significant decrease to value.

 

  2 

Decrease in unobservable input may result in a significant increase to value, while an increase in the unobservable input may result in a significant decrease to value.

 

  3 

For the period ended March 31, 2017, the valuation technique for investments classified as preferred stocks amounting to $3,175,758 changed to an Option Pricing Model. The investments were previously valued utilizing Probability-Weighted Expected Return Model. The change was due to consideration of liquidation preferences and exit strategy.

 

 

          MARCH 31, 2017    11


Item 2 –   Controls and Procedures
2(a) –   The registrant’s principal executive and principal financial officers, or persons performing similar functions, have concluded that the registrant’s 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 registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act) that occurred during the registrant’s last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrant’s internal control over financial reporting.
Item 3 –   Exhibits
  Certifications – Attached hereto


Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

BlackRock Global Opportunities Equity Trust
By:       /s/ John M. Perlowski                
  John M. Perlowski
  Chief Executive Officer (principal executive officer) of
  BlackRock Global Opportunities Equity Trust
Date:   May 23, 2017
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
By:       /s/ John M. Perlowski                
  John M. Perlowski
  Chief Executive Officer (principal executive officer) of
  BlackRock Global Opportunities Equity Trust
Date:   May 23, 2017
By:       /s/ Neal J. Andrews                
  Neal J. Andrews
  Chief Financial Officer (principal financial officer) of
  BlackRock Global Opportunities Equity Trust
Date:   May 23, 2017