NPORT-EX 2 NPORT_LCXE_74781086_0325.htm EDGAR HTML
March 31, 2025 
2025 Quarterly Report
(Unaudited)
 
BlackRock Enhanced Global Dividend Trust (BOE)
 
Not FDIC Insured • May Lose Value • No Bank Guarantee
Schedule of Investments (unaudited)
March 31, 2025
BlackRock Enhanced Global Dividend Trust (BOE)
(Percentages shown are based on Net Assets)

 
Security
 
 
Shares
Value
Common Stocks
Canada — 1.5%
TELUS Corp.
 
713,921
$ 10,239,623
Denmark — 2.0%
Novo Nordisk A/S, Class B
 
196,600
13,443,173
France — 3.9%
Air Liquide SA
 
70,330
13,358,836
LVMH Moet Hennessy Louis Vuitton SE
 
20,877
12,928,670
 
 
26,287,506
India — 0.0%
AceVector Limited, Series I, (Acquired 08/31/18, Cost:
$2,637,143)(a)(b)(c)
 
566,400
181,571
Japan — 1.5%
SMC Corp.
 
27,300
9,769,134
Netherlands — 1.6%
Koninklijke KPN NV
 
2,484,691
10,524,292
Spain — 2.4%
Banco Bilbao Vizcaya Argentaria SA
 
1,197,359
16,341,039
Switzerland — 2.0%
Zurich Insurance Group AG
 
19,779
13,805,899
Taiwan — 3.4%
Taiwan Semiconductor Manufacturing Co. Ltd.
 
812,000
22,868,342
United Kingdom — 9.1%
AstraZeneca PLC
 
159,914
23,482,515
BAE Systems PLC
 
498,620
10,068,371
RELX PLC
 
367,459
18,468,961
Taylor Wimpey PLC
 
6,771,171
9,513,432
 
 
61,533,279
United States — 72.8%
AbbVie, Inc.(d)
 
81,420
17,059,118
Accenture PLC, Class A
 
58,744
18,330,478
Allegion PLC
 
103,069
13,446,382
Alphabet, Inc., Class A(d)(e)
 
104,268
16,124,003
Apple, Inc.(d)(e)
 
71,432
15,867,190
Applied Materials, Inc.
 
55,539
8,059,820
Assurant, Inc.(d)
 
33,439
7,013,830
Baker Hughes Co., Class A
 
246,980
10,854,771
Broadcom, Inc.(e)
 
107,688
18,030,202
Charles Schwab Corp.
 
131,399
10,285,914
Citizens Financial Group, Inc.(e)
 
341,944
14,009,446
CMS Energy Corp.(d)(e)
 
232,639
17,473,515
Coca-Cola Co.
 
240,859
17,250,322
Colgate-Palmolive Co.
 
75,743
7,097,119
General Electric Co.
 
78,672
15,746,201
Home Depot, Inc.
 
34,647
12,697,779
Hubbell, Inc.
 
37,280
12,336,325
Intercontinental Exchange, Inc.(d)
 
83,536
14,409,960
Security
 
 
Shares
Value
United States (continued)
M&T Bank Corp.
 
53,051
$ 9,482,866
Mastercard, Inc., Class A
 
12,977
7,112,953
Meta Platforms, Inc., Class A(e)
 
28,678
16,528,852
Microsoft Corp.(d)
 
90,080
33,815,131
Moody’s Corp.
 
23,730
11,050,824
Oracle Corp.
 
94,652
13,233,296
Otis Worldwide Corp.(d)
 
135,156
13,948,099
Parker-Hannifin Corp.
 
21,989
13,366,014
Republic Services, Inc.(e)
 
29,448
7,131,128
Salesforce, Inc.
 
38,999
10,465,772
Sanofi SA
 
119,571
13,239,119
Shell PLC
 
422,945
15,477,493
Texas Instruments, Inc.(d)(e)
 
109,034
19,593,410
Union Pacific Corp.
 
43,866
10,362,904
UnitedHealth Group, Inc.(d)(e)
 
35,502
18,594,172
Walmart, Inc.
 
195,091
17,127,039
Williams Cos., Inc.(d)
 
248,353
14,841,575
 
 
491,463,022
Total Long-Term Investments — 100.2%
(Cost: $536,274,462)
676,456,880
Short-Term Securities
Money Market Funds — 0.5%
BlackRock Liquidity Funds, T-Fund, Institutional Shares,
4.22%(f)(g)
 
3,597,034
3,597,034
Total Short-Term Securities — 0.5%
(Cost: $3,597,034)
3,597,034
Total Investments Before Options Written — 100.7%
(Cost: $539,871,496)
680,053,914
Options Written — (0.7)%
(Premiums Received: $(6,720,032))
(4,935,257
)
Total Investments, Net of Options Written — 100.0%
(Cost: $533,151,464)
675,118,657
Other Assets Less Liabilities — 0.0%
236,641
Net Assets — 100.0%
$ 675,355,298
 
(a)
Security is valued using significant unobservable inputs and is classified as Level 3 in the
fair value hierarchy.
(b)
Non-income producing security.
(c)
Restricted security as to resale, excluding 144A securities. The Trust held restricted
securities with a current value of $181,571, representing less than 0.05% of its net assets
as of period end, and an original cost of $2,637,143.
(d)
All or a portion of the security has been pledged and/or segregated as collateral in
connection with outstanding exchange-traded options written.
(e)
All or a portion of the security has been pledged as collateral in connection with
outstanding OTC derivatives.
(f)
Affiliate of the Trust.
(g)
Annualized 7-day yield as of period end.
1
Schedule of Investments (unaudited)(continued)
March 31, 2025
BlackRock Enhanced Global Dividend Trust (BOE)
 
Affiliates
Investments in issuers considered to be affiliate(s) of the Trust during the period ended March 31, 2025 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows: 
Affiliated Issuer
Value at
12/31/24
Purchases
at Cost
Proceeds
from Sales
Net
Realized
Gain (Loss)
Change in
Unrealized
Appreciation
(Depreciation)
Value at
03/31/25
Shares
Held at
03/31/25
Income
Capital Gain
Distributions
from
Underlying
Funds
BlackRock Liquidity Funds, T-Fund, Institutional Shares
$ 7,033,278
$ —
$ (3,436,244
)(a)
$ —
$ —
$ 3,597,034
3,597,034
$ 77,129
$ —
 
(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 
 
 
Alphabet, Inc., Class A
147
04/04/25
USD
190.00
USD
2,273
$ (294
)
Apple, Inc.
37
04/04/25
USD
245.00
USD
822
(56
)
Applied Materials, Inc.
159
04/04/25
USD
185.00
USD
2,307
(3,975
)
Charles Schwab Corp.
197
04/04/25
USD
84.00
USD
1,542
(591
)
General Electric Co.
149
04/04/25
USD
205.00
USD
2,982
(19,072
)
Home Depot, Inc.
65
04/04/25
USD
410.00
USD
2,382
(163
)
Oracle Corp.
108
04/04/25
USD
175.00
USD
1,510
(216
)
TELUS Corp.
1,309
04/04/25
CAD
23.00
CAD
2,702
(2,729
)
Texas Instruments, Inc.
98
04/04/25
USD
205.00
USD
1,761
(980
)
Williams Cos., Inc.
662
04/04/25
USD
59.00
USD
3,956
(84,405
)
Otis Worldwide Corp.
524
04/09/25
USD
100.00
USD
5,408
(192,278
)
Accenture PLC, Class A
72
04/11/25
USD
360.00
USD
2,247
(360
)
Broadcom, Inc.
25
04/11/25
USD
210.00
USD
419
(138
)
Coca-Cola Co.
420
04/11/25
USD
71.00
USD
3,008
(58,170
)
Microsoft Corp.
216
04/11/25
USD
410.00
USD
8,108
(4,968
)
Salesforce, Inc.
119
04/11/25
USD
310.00
USD
3,193
(2,321
)
Salesforce, Inc.
26
04/11/25
USD
295.00
USD
698
(1,014
)
TELUS Corp.
1,309
04/11/25
CAD
23.00
CAD
2,702
(3,639
)
Williams Cos., Inc.
345
04/11/25
USD
57.00
USD
2,062
(110,400
)
AbbVie, Inc.
30
04/17/25
USD
230.00
USD
629
(480
)
Accenture PLC, Class A
47
04/17/25
USD
330.00
USD
1,467
(3,760
)
Allegion PLC
200
04/17/25
USD
135.00
USD
2,609
(20,000
)
Alphabet, Inc., Class A
95
04/17/25
USD
195.00
USD
1,469
(380
)
Assurant, Inc.
87
04/17/25
USD
205.25
USD
1,825
(62,090
)
Baker Hughes Co., Class A
1,101
04/17/25
USD
47.00
USD
4,839
(27,525
)
Broadcom, Inc.
180
04/17/25
USD
230.00
USD
3,014
(990
)
Citizens Financial Group, Inc.
685
04/17/25
USD
50.00
USD
2,806
(17,125
)
Citizens Financial Group, Inc.
67
04/17/25
USD
42.50
USD
274
(5,192
)
Coca-Cola Co.
605
04/17/25
USD
72.50
USD
4,333
(47,492
)
Hubbell, Inc.
82
04/17/25
USD
360.00
USD
2,713
(16,605
)
Intercontinental Exchange, Inc.
246
04/17/25
USD
169.21
USD
4,244
(125,361
)
M&T Bank Corp.
146
04/17/25
USD
210.00
USD
2,610
(2,920
)
Meta Platforms, Inc., Class A
21
04/17/25
USD
720.00
USD
1,210
(347
)
Microsoft Corp.
21
04/17/25
USD
430.00
USD
788
(273
)
Moody’s Corp.
52
04/17/25
USD
520.00
USD
2,422
(3,900
)
Oracle Corp.
142
04/17/25
USD
155.00
USD
1,985
(9,017
)
Republic Services, Inc.
45
04/17/25
USD
230.00
USD
1,090
(60,750
)
TELUS Corp.
1,308
04/17/25
CAD
23.00
CAD
2,700
(2,727
)
Texas Instruments, Inc.
196
04/17/25
USD
190.00
USD
3,522
(29,302
)
Union Pacific Corp.
87
04/17/25
USD
250.00
USD
2,055
(4,568
)
UnitedHealth Group, Inc.
78
04/17/25
USD
535.00
USD
4,085
(106,860
)
Walmart, Inc.
603
04/17/25
USD
90.00
USD
5,294
(67,536
)
AbbVie, Inc.
229
04/25/25
USD
220.00
USD
4,798
(48,433
)
Applied Materials, Inc.
21
04/25/25
USD
165.00
USD
305
(1,974
)
Broadcom, Inc.
92
04/25/25
USD
215.00
USD
1,540
(1,794
)
Schedule of Investments
2
Schedule of Investments (unaudited)(continued)
March 31, 2025
BlackRock Enhanced Global Dividend Trust (BOE)
 
Exchange-Traded Options Written (continued)
Description
Number of
Contracts
Expiration
Date
Exercise Price
Notional
Amount (000)
Value
Call (continued)
 
 
Charles Schwab Corp.
381
04/25/25
USD
82.00
USD
2,982
$ (57,912
)
Coca-Cola Co.
427
04/25/25
USD
70.00
USD
3,058
(105,896
)
General Electric Co.
197
04/25/25
USD
215.00
USD
3,943
(52,697
)
Mastercard, Inc., Class A
15
04/25/25
USD
545.00
USD
822
(23,137
)
Oracle Corp.
81
04/25/25
USD
165.00
USD
1,132
(2,106
)
Salesforce, Inc.
26
04/25/25
USD
295.00
USD
698
(3,510
)
UnitedHealth Group, Inc.
78
04/25/25
USD
515.00
USD
4,085
(203,970
)
Walmart, Inc.
255
04/25/25
USD
97.00
USD
2,239
(4,208
)
AbbVie, Inc.
224
05/02/25
USD
205.00
USD
4,693
(195,440
)
Accenture PLC, Class A
86
05/02/25
USD
315.00
USD
2,684
(66,220
)
Apple, Inc.
205
05/02/25
USD
235.00
USD
4,554
(58,630
)
Applied Materials, Inc.
64
05/02/25
USD
160.00
USD
929
(12,480
)
Broadcom, Inc.
78
05/02/25
USD
210.00
USD
1,306
(3,978
)
Colgate-Palmolive Co.
166
05/02/25
USD
97.00
USD
1,555
(21,165
)
Home Depot, Inc.
87
05/02/25
USD
365.00
USD
3,188
(108,315
)
Meta Platforms, Inc., Class A
41
05/02/25
USD
625.00
USD
2,363
(55,452
)
Texas Instruments, Inc.
185
05/02/25
USD
190.00
USD
3,324
(67,062
)
Union Pacific Corp.
28
05/02/25
USD
245.00
USD
661
(10,080
)
AbbVie, Inc.
30
05/16/25
USD
230.00
USD
629
(3,990
)
Allegion PLC
253
05/16/25
USD
135.00
USD
3,301
(102,465
)
Apple, Inc.
72
05/16/25
USD
225.00
USD
1,599
(63,000
)
Assurant, Inc.
60
05/16/25
USD
220.00
USD
1,259
(19,500
)
Baker Hughes Co., Class A
257
05/16/25
USD
48.00
USD
1,130
(16,705
)
Citizens Financial Group, Inc.
752
05/16/25
USD
42.51
USD
3,081
(74,895
)
Colgate-Palmolive Co.
167
05/16/25
USD
95.00
USD
1,565
(39,245
)
Hubbell, Inc.
82
05/16/25
USD
360.00
USD
2,713
(52,890
)
M&T Bank Corp.
90
05/16/25
USD
181.00
USD
1,609
(67,429
)
Mastercard, Inc., Class A
42
05/16/25
USD
565.00
USD
2,302
(52,290
)
Meta Platforms, Inc., Class A
61
05/16/25
USD
670.00
USD
3,516
(42,852
)
Microsoft Corp.
78
05/16/25
USD
410.00
USD
2,928
(27,885
)
Moody’s Corp.
52
05/16/25
USD
480.00
USD
2,422
(63,960
)
Otis Worldwide Corp.
218
05/16/25
USD
105.00
USD
2,250
(59,405
)
Republic Services, Inc.
84
05/16/25
USD
240.00
USD
2,034
(71,400
)
Union Pacific Corp.
78
05/16/25
USD
250.00
USD
1,843
(23,790
)
 
 
 
$ (2,987,129
)
OTC Options Written 
Description
Counterparty
Number of
Contracts
Expiration
Date
Exercise Price
Notional
Amount (000)
Value
Call 
 
 
 
 
 
Koninklijke KPN NV
UBS AG
160,600
04/01/25
EUR
3.69
EUR
629
$ (38,699
)
CMS Energy Corp.
Bank of America N.A.
54,700
04/02/25
USD
72.27
USD
4,109
(157,988
)
Banco Bilbao Vizcaya Argentaria SA
Barclays Bank PLC
237,000
04/03/25
EUR
12.49
EUR
2,991
(48,499
)
LVMH Moet Hennessy Louis Vuitton SE
Goldman Sachs International
4,050
04/03/25
EUR
711.63
EUR
2,320
—
Air Liquide SA
Bank of America N.A.
13,800
04/10/25
EUR
176.54
EUR
2,424
(22,400
)
BAE Systems PLC
Morgan Stanley & Co. International PLC
135,200
04/10/25
GBP
13.10
GBP
2,113
(438,148
)
Novo Nordisk A/S, Class B
Goldman Sachs International
12,300
04/10/25
DKK
601.11
DKK
5,803
(116
)
CMS Energy Corp.
Bank of America N.A.
38,500
04/11/25
USD
73.15
USD
2,892
(105,940
)
Koninklijke KPN NV
Goldman Sachs International
342,000
04/15/25
EUR
3.54
EUR
1,340
(146,376
)
Novo Nordisk A/S, Class B
Barclays Bank PLC
27,300
04/15/25
DKK
643.68
DKK
12,880
(464
)
RELX PLC
Citibank N.A.
33,950
04/15/25
EUR
49.04
EUR
1,578
(2,362
)
Shell PLC
Bank of America N.A.
32,700
04/15/25
EUR
33.57
EUR
1,107
(26,746
)
RELX PLC
Goldman Sachs International
52,750
04/22/25
EUR
48.51
EUR
2,452
(10,807
)
Taiwan Semiconductor Manufacturing Co. Ltd.
Bank of America N.A.
208,000
04/22/25
USD
1,064.41
TWD
189,280
(6,454
)
Air Liquide SA
Citibank N.A.
22,100
04/25/25
EUR
186.35
EUR
3,882
(10,935
)
AstraZeneca PLC
Goldman Sachs International
32,400
04/25/25
GBP
124.24
GBP
3,683
(11,942
)
BAE Systems PLC
Bank of America N.A.
79,900
04/25/25
GBP
17.19
GBP
1,249
(16,231
)
Banco Bilbao Vizcaya Argentaria SA
UBS AG
239,550
04/25/25
EUR
12.91
EUR
3,023
(45,498
)
Koninklijke KPN NV
BNP Paribas SA
254,400
04/25/25
EUR
3.68
EUR
997
(57,811
)
3
Schedule of Investments (unaudited)(continued)
March 31, 2025
BlackRock Enhanced Global Dividend Trust (BOE)
 
OTC Options Written (continued)
Description
Counterparty
Number of
Contracts
Expiration
Date
Exercise Price
Notional
Amount (000)
Value
Call (continued)
 
 
 
 
 
Novo Nordisk A/S, Class B
BNP Paribas SA
17,700
04/25/25
DKK
682.30
DKK
8,351
$ (923
)
RELX PLC
Goldman Sachs International
26,200
04/25/25
EUR
46.76
EUR
1,218
(19,973
)
Sanofi SA
BNP Paribas SA
16,700
04/25/25
EUR
112.06
EUR
1,710
(4,998
)
Taylor Wimpey PLC
UBS AG
1,276,300
04/25/25
GBP
1.15
GBP
1,388
(16,256
)
AstraZeneca PLC
Bank of America N.A.
42,900
04/29/25
GBP
119.99
GBP
4,877
(54,782
)
Intercontinental Exchange, Inc.
Bank of America N.A.
21,300
04/29/25
USD
174.20
USD
3,674
(65,119
)
Koninklijke KPN NV
Barclays Bank PLC
254,000
04/29/25
EUR
3.87
EUR
995
(19,335
)
RELX PLC
BNP Paribas SA
26,250
04/29/25
EUR
45.24
EUR
1,220
(48,019
)
Taiwan Semiconductor Manufacturing Co. Ltd.
JPMorgan Chase Bank N.A.
123,000
04/29/25
USD
1,025.09
TWD
111,930
(17,649
)
Taylor Wimpey PLC
Citibank N.A.
397,000
04/29/25
GBP
1.18
GBP
432
(3,426
)
Banco Bilbao Vizcaya Argentaria SA
Bank of America N.A.
71,400
05/06/25
EUR
13.73
EUR
901
(8,347
)
Shell PLC
Barclays Bank PLC
161,800
05/06/25
EUR
33.21
EUR
5,476
(229,482
)
Taylor Wimpey PLC
Morgan Stanley & Co. International PLC
1,306,000
05/06/25
GBP
1.17
GBP
1,421
(19,806
)
Koninklijke KPN NV
Barclays Bank PLC
304,400
05/08/25
EUR
3.84
EUR
1,192
(34,854
)
LVMH Moet Hennessy Louis Vuitton SE
Goldman Sachs International
5,200
05/08/25
EUR
616.09
EUR
2,978
(47,283
)
Novo Nordisk A/S, Class B
Citibank N.A.
11,500
05/08/25
DKK
541.27
DKK
5,426
(17,317
)
RELX PLC
Barclays Bank PLC
63,000
05/08/25
EUR
47.48
EUR
2,928
(33,066
)
Sanofi SA
Barclays Bank PLC
41,300
05/08/25
EUR
105.79
EUR
4,229
(80,948
)
Koninklijke KPN NV
Barclays Bank PLC
50,000
05/13/25
EUR
3.86
EUR
196
(5,155
)
BAE Systems PLC
Bank of America N.A.
59,200
05/15/25
GBP
16.32
GBP
925
(45,670
)
Zurich Insurance Group AG
Barclays Bank PLC
8,700
05/15/25
CHF
626.52
CHF
5,372
(28,304
)
 
 
 
 
 
 
$ (1,948,128
)
Fair Value Hierarchy as of Period End
Various inputs are used in determining the fair value of financial instruments at the measurement date. 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 that the Trust has the ability to access for identical assets or liabilities;
• Level 2 – Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly; and
• Level 3 – Inputs that are unobservable and significant to the  entire fair value measurement for the asset or liability (including the 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 Valuation Committee in determining the price for Fair Valued Investments. Level 3 investments include equity or debt issued by privately held companies or funds that may not have a secondary market and/or may have 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 financial instruments categorized in the fair value hierarchy.  The breakdown of the Trust’s financial instruments 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 
Canada
$ 10,239,623
$ —
$ —
$ 10,239,623
Denmark
—
13,443,173
—
13,443,173
France
—
26,287,506
—
26,287,506
India
—
—
181,571
181,571
Japan
—
9,769,134
—
9,769,134
Netherlands
—
10,524,292
—
10,524,292
Spain
—
16,341,039
—
16,341,039
Schedule of Investments
4
Schedule of Investments (unaudited)(continued)
March 31, 2025
BlackRock Enhanced Global Dividend Trust (BOE)
 
Fair Value Hierarchy as of Period End (continued)
 
Level 1
Level 2
Level 3
Total
Common Stocks (continued)
Switzerland
$ —
$ 13,805,899
$ —
$ 13,805,899
Taiwan
—
22,868,342
—
22,868,342
United Kingdom
—
61,533,279
—
61,533,279
United States
462,746,410
28,716,612
—
491,463,022
Short-Term Securities 
Money Market Funds
3,597,034
—
—
3,597,034
 
$ 476,583,067
$ 203,289,276
$ 181,571
$ 680,053,914
Derivative Financial Instruments(a)
Assets
Equity Contracts
$ —
$ —
$ —
$ —
Liabilities
Equity Contracts
(2,465,076
)
(2,470,181
)
—
(4,935,257
)
 
$ (2,465,076
)
$ (2,470,181
)
$ —
$ (4,935,257
)
 
(a)
Derivative financial instruments are options written. Options written are shown at value.
 
Currency Abbreviation 
CAD
Canadian Dollar
CHF
Swiss Franc
DKK
Danish Krone
EUR
Euro
GBP
British Pound
TWD
New Taiwan Dollar
USD
United States Dollar
5