NPORT-EX 2 NPORT_5842185508568780.htm BlackRock Utilities Infrastructure Power Opportunities Trust

Schedule of Investments  (unaudited)

March 31, 2020

   

BlackRock Utilities, Infrastructure & Power Opportunities Trust (BUI)

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  

Common Stocks — 96.8%

 

Building Products — 4.0%  

AO Smith Corp.(a)

     89,950     $ 3,401,009  

Johnson Controls International PLC(a)

     201,609       5,435,379  

Kingspan Group PLC

     72,675       3,918,962  
 

 

 

  
    12,755,350  
Chemicals — 4.9%  

Air Liquide SA

     36,239       4,625,814  

Johnson Matthey PLC

     143,495       3,161,777  

Linde PLC

     27,302       4,735,202  

Sika AG, Registered Shares

     18,140       2,978,819  
 

 

 

  
    15,501,612  
Commercial Services & Supplies — 4.5%  

Waste Connections, Inc.(a)

     87,400       6,773,500  

Waste Management, Inc.(a)

     82,650       7,650,084  
 

 

 

  
    14,423,584  
Construction & Engineering — 4.2%  

Quanta Services, Inc.(a)

     149,260       4,736,020  

Vinci SA

     106,050       8,665,265  
 

 

 

  
    13,401,285  
Electric Utilities — 32.2%  

American Electric Power Co., Inc.(a)

     64,450       5,154,711  

Duke Energy Corp.(a)

     94,568       7,648,660  

Enel SpA

     2,362,125       16,293,562  

Entergy Corp.(a)

     48,700       4,576,339  

Exelon Corp.(a)

     127,108       4,678,845  

FirstEnergy Corp.(a)

     189,780       7,604,485  

Fortis, Inc.(a)

     120,200       4,633,710  

Iberdrola SA

     1,188,318       11,622,944  

Neoenergia SA

     579,600       1,917,462  

NextEra Energy, Inc.(a)(b)

     141,295       33,998,403  

Xcel Energy, Inc.(a)

     67,150       4,049,145  
 

 

 

  
    102,178,266  
Electrical Equipment — 6.5%  

ABB Ltd., Registered Shares

     128,628       2,235,688  

Eaton Corp. PLC(a)

     43,450       3,375,630  

Schneider Electric SE

     85,232       7,204,051  

Sunrun, Inc.(c)

     81,100       819,110  

Vestas Wind Systems A/S

     84,410       6,868,072  
 

 

 

  
    20,502,551  
Electronic Equipment, Instruments & Components — 1.0%  

Hexagon AB, Class B

     71,250       3,012,819  
 

 

 

  
Independent Power and Renewable Electricity Producers — 8.4%  

AES Corp.(a)

     293,050       3,985,480  
Security   Shares     Value  
Independent Power and Renewable Electricity Producers (continued)  

China Longyuan Power Group Corp. Ltd., Class H

     12,875,000     $ 7,027,250  

EDP Renováveis, S.A.

     1,285,000       15,461,033  
 

 

 

  
    26,473,763  
Machinery — 1.4%  

Atlas Copco AB, Class B

     155,000       4,508,845  
 

 

 

  
Multi-Utilities — 16.6%  

CMS Energy Corp.(a)

     128,150       7,528,812  

Dominion Energy, Inc.(a)

     143,598       10,366,340  

National Grid PLC

     808,024       9,441,170  

Public Service Enterprise Group, Inc.

     147,732       6,634,644  

RWE AG

     426,000       11,140,580  

Sempra Energy(a)

     35,800       4,045,042  

WEC Energy Group, Inc.(a)

     40,780       3,593,941  
 

 

 

  
    52,750,529  
Oil, Gas & Consumable Fuels — 10.1%  

Enterprise Products Partners LP(a)

     149,903       2,143,613  

Kinder Morgan, Inc.(a)

     757,150       10,539,528  

TC Energy Corp.

     228,300       10,147,208  

Williams Cos., Inc.(a)

     651,955       9,225,163  
 

 

 

  
    32,055,512  
Semiconductors & Semiconductor Equipment — 3.0%  

First Solar, Inc.(a)(c)

     110,700       3,991,842  

Maxim Integrated Products, Inc.(a)

     68,300       3,320,063  

ON Semiconductor Corp.(a)(c)

     167,700       2,086,188  
 

 

 

  
    9,398,093  
 

 

 

  

Total Long-Term Investments — 96.8%
(Cost — $272,170,564)

 

     306,962,209  
 

 

 

  
Short-Term Securities — 4.1%  

BlackRock Liquidity Funds, T-Fund, Institutional Class, 0.21%(d)(e)

     13,045,691       13,045,691  
 

 

 

  

Total Short-Term Securities — 4.1%
(Cost — $13,045,691)

 

     13,045,691  
 

 

 

  

Total Investments Before Options Written — 100.9%
(Cost — $285,216,255)

 

     320,007,900  
 

 

 

  

Options Written — (1.1)%
(Premiums Received — $3,757,606)

 

     (3,366,010 ) 
 

 

 

  

Total Investments, Net of Options Written — 99.8%
(Cost — $281,458,649)

 

     316,641,890  

Other Assets Less Liabilities — 0.2%

 

     466,739  
 

 

 

  

Net Assets — 100.0%

 

   $ 317,108,629  
 

 

 

  
 

 

 

     1  

Schedule of Investments  (unaudited) (continued)

March 31, 2020

   

BlackRock Utilities, Infrastructure & Power Opportunities Trust (BUI)

 

(a)

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

(b) 

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

(c)

Non-income producing security.

(d) 

Annualized 7-day yield as of period end.

(e) 

Investments in issuers considered to be an affiliate/affiliates of the Trust during the period ended March 31, 2020 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

 

Affiliated Issuer    Shares
Held at
12/31/19		      Shares
Purchased		      Shares
Sold		      Shares
Held at
03/31/20		      Value at
03/31/20		      Income      Net Realized
Gain (Loss)(a)		      Change in
Unrealized
Appreciation
(Depreciation)		  

BlackRock Liquidity Funds, T-Fund, Institutional Class

      12,716,146        329,545 (b)       —        13,045,691      $ 13,045,691      $ 32,068      $ —      $ —  
              

 

 

     

 

 

     

 

 

     

 

 

  

 

  (a) 

Includes net capital gain distributions, if applicable.

 
  (b) 

Represents net shares purchased (sold).

 

For Trust compliance purposes, the Trust’s industry classifications refer to one or more of the industry sub-classifications used by one or more widely recognized market indexes or rating group indexes, and/or as defined by the investment adviser. These definitions may not apply for purposes of this report, which may combine such industry sub-classifications for reporting ease.

Currency Abbreviations

 

BRL    Brazilian Real
CAD    Canadian Dollar
CHF    Swiss Franc
DKK    Danish Krone
EUR    Euro
GBP    British Pound
SEK    Swedish Krona
USD    United States Dollar

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                                                   

Enterprise Products Partners LP

      124          04/03/20        USD     27.00        USD     177        $ (1,240 ) 

Williams Cos., Inc.

      293          04/03/20        USD     20.50        USD     415          (293 ) 

Enterprise Products Partners LP

      102          04/09/20        USD     24.00        USD     146          (2,040 ) 

FirstEnergy Corp.

      138          04/09/20        USD     47.50        USD     553          (1,307 ) 

Kinder Morgan, Inc.

      498          04/09/20        USD     20.00        USD     693          (31,374 ) 

Kinder Morgan, Inc.

      315          04/09/20        USD     11.00        USD     438          (86,467 ) 

Williams Cos., Inc.

      378          04/09/20        USD     19.50        USD     535          (16,254 ) 

AES Corp.

      450          04/17/20        USD     13.00        USD     612          (51,750 ) 

AO Smith Corp.

      100          04/17/20        USD     45.00        USD     378          (1,250 ) 

AO Smith Corp.

      214          04/17/20        USD     40.00        USD     809          (20,330 ) 

American Electric Power Co., Inc.

      103          04/17/20        USD     95.00        USD     824          (3,090 ) 

CMS Energy Corp.

      224          04/17/20        USD     65.00        USD     1,316          (15,120 ) 

Dominion Energy, Inc.

      243          04/17/20        USD     82.50        USD     1,754          (12,150 ) 

Dominion Energy, Inc.

      259          04/17/20        USD     77.50        USD     1,870          (32,375 ) 

Duke Energy Corp.

      168          04/17/20        USD     97.50        USD     1,359          (2,940 ) 

Duke Energy Corp.

      162          04/17/20        USD     77.50        USD     1,310          (89,100 ) 

Eaton Corp. PLC

      164          04/17/20        USD     95.00        USD     1,274          (11,480 ) 

 

 

2   

Schedule of Investments  (unaudited) (continued)

March 31, 2020

   

BlackRock Utilities, Infrastructure & Power Opportunities Trust (BUI)

 

Exchange-Traded Options Written (continued)

 

Description    Number of
Contracts		        Expiration
Date		        Exercise
Price		        Notional
Amount (000)		        Value  
Call (continued)                                                   

Entergy Corp.

      170          04/17/20        USD     100.00        USD     1,597        $ (36,975 ) 

Enterprise Products Partners LP

      298          04/17/20        USD     16.00        USD     426          (11,920 ) 

Exelon Corp.

      222          04/17/20        USD     48.00        USD     817          (9,990 ) 

First Solar, Inc.

      91          04/17/20        USD     55.00        USD     328          (819 ) 

FirstEnergy Corp.

      132          04/17/20        USD     45.00        USD     529          (3,960 ) 

FirstEnergy Corp.

      132          04/17/20        USD     41.00        USD     529          (20,460 ) 

FirstEnergy Corp.

      124          04/17/20        USD     51.25        USD     497          (2,030 ) 

Fortis, Inc.

      270          04/17/20        USD     37.43        USD     1,041          (54,651 ) 

Johnson Controls International PLC

      225          04/17/20        USD     40.00        USD     607          (48,375 ) 

Johnson Controls International PLC

      136          04/17/20        USD     28.00        USD     367          (20,536 ) 

Kinder Morgan, Inc.

      315          04/17/20        USD     16.00        USD     438          (3,150 ) 

Kinder Morgan, Inc.

      507          04/17/20        USD     13.00        USD     706          (97,851 ) 

Maxim Integrated Products, Inc.

      161          04/17/20        USD     50.00        USD     783          (37,030 ) 

NextEra Energy, Inc.

      154          04/17/20        USD     240.00        USD     3,706          (160,930 ) 

NextEra Energy, Inc.

      162          04/17/20        USD     282.36        USD     3,898          (29,350 ) 

ON Semiconductor Corp.

      251          04/17/20        USD     16.00        USD     312          (7,530 ) 

Public Service Enterprise Group, Inc.

      311          04/17/20        USD     45.00        USD     1,397          (64,532 ) 

Quanta Services, Inc.

      171          04/17/20        USD     28.00        USD     543          (59,850 ) 

Sempra Energy

      62          04/17/20        USD     160.00        USD     701          (3,720 ) 

Sempra Energy

      63          04/17/20        USD     110.00        USD     712          (47,880 ) 

TC Energy Corp.

      153          04/17/20        CAD     72.00        CAD     957          (1,631 ) 

TC Energy Corp.

      155          04/17/20        CAD     74.00        CAD     970          (1,322 ) 

TC Energy Corp.

      148          04/17/20        CAD     76.00        CAD     926          (736 ) 

TC Energy Corp.

      343          04/17/20        CAD     62.00        CAD     2,145          (65,076 ) 

WEC Energy Group, Inc.

      71          04/17/20        USD     95.00        USD     626          (11,182 ) 

WEC Energy Group, Inc.

      71          04/17/20        USD     103.18        USD     626          (3,359 ) 

Waste Connections, Inc.

      170          04/17/20        USD     105.00        USD     1,318          (6,800 ) 

Waste Management, Inc.

      96          04/17/20        USD     125.00        USD     889          (720 ) 

Waste Management, Inc.

      97          04/17/20        USD     110.00        USD     898          (1,212 ) 

Williams Cos., Inc.

      425          04/17/20        USD     23.00        USD     601          (15,725 ) 

Williams Cos., Inc.

      291          04/17/20        USD     16.00        USD     412          (12,804 ) 

Xcel Energy, Inc.

      111          04/17/20        USD     71.71        USD     669          (3,590 ) 

FirstEnergy Corp.

      138          04/22/20        USD     47.60        USD     553          (7,052 ) 

Eaton Corp. PLC

      20          04/24/20        USD     79.00        USD     155          (9,100 ) 

Johnson Controls International PLC

      344          04/24/20        USD     28.00        USD     927          (100,448 ) 

NextEra Energy, Inc.

      202          04/24/20        USD     282.35        USD     4,861          (63,526 ) 

Kinder Morgan, Inc.

      507          05/01/20        USD     13.50        USD     706          (110,526 ) 

AES Corp.

      130          05/15/20        USD     16.00        USD     177          (4,550 ) 

American Electric Power Co., Inc.

      122          05/15/20        USD     100.00        USD     976          (2,745 ) 

CMS Energy Corp.

      224          05/15/20        USD     55.00        USD     1,316          (136,640 ) 

Exelon Corp.

      222          05/15/20        USD     37.00        USD     817          (58,830 ) 

First Solar, Inc.

      212          05/15/20        USD     37.50        USD     764          (63,812 ) 

First Solar, Inc.

      84          05/15/20        USD     40.00        USD     303          (17,052 ) 

Fortis, Inc.

      150          05/15/20        USD     40.00        USD     578          (18,375 ) 

Kinder Morgan, Inc.

      508          05/15/20        USD     14.00        USD     707          (55,880 ) 

Maxim Integrated Products, Inc.

      78          05/15/20        USD     50.00        USD     379          (26,325 ) 

ON Semiconductor Corp.

      484          05/15/20        USD     14.00        USD     602          (39,930 ) 

Quanta Services, Inc.

      137          05/15/20        USD     41.00        USD     435          (4,795 ) 

 

 

     3  

Schedule of Investments  (unaudited) (continued)

March 31, 2020

   

BlackRock Utilities, Infrastructure & Power Opportunities Trust (BUI)

 

Exchange-Traded Options Written (continued)

 

Description    Number of
Contracts		        Expiration
Date		        Exercise
Price		        Notional
Amount (000)		        Value  
Call (continued)                                                   

Quanta Services, Inc.

      171          05/15/20        USD     28.00        USD     543        $ (83,790 ) 

Williams Cos., Inc.

      469          05/15/20        USD     12.00        USD     664          (144,921 ) 

Williams Cos., Inc.

      425          05/15/20        USD     16.00        USD     601          (35,700 ) 

Xcel Energy, Inc.

      124          05/15/20        USD     55.00        USD     748          (87,420 ) 
                          

 

 

  
                           $ (2,295,673 ) 
                          

 

 

  

OTC Options Written

 

Description    Counterparty    Number of
Contracts		      Expiration
Date		      Exercise
Price		      Notional
Amount (000)		      Value  
Call  

Air Liquide SA

    UBS AG      7,300        04/01/20      EUR     139.89      EUR     845      $ —  

EDP Renováveis, S.A.

    Credit Suisse International      30,000        04/01/20      EUR     13.13      EUR     327        —  

Enel SpA

    Credit Suisse International      255,300        04/01/20      EUR     8.56      EUR     1,596        —  

Iberdrola SA

    Credit Suisse International      326,400        04/01/20      EUR     11.20      EUR     2,895        —  

Kingspan Group PLC

    Morgan Stanley & Co. International PLC      6,000        04/01/20      EUR     64.99      EUR     293        —  

NovaGold Resources, Inc.

    Morgan Stanley & Co. International PLC      229,300        04/01/20      GBP     10.73      GBP     2,158        —  

Public Service Enterprise Group, Inc.

    Barclays Bank PLC      20,600        04/01/20      USD     60.53      USD     925        —  

Sika AG, Registered Shares

    Morgan Stanley & Co. International PLC      4,400        04/01/20      CHF     189.63      CHF     695        —  

Vestas Wind Systems A/S

    Goldman Sachs International      20,200        04/07/20      DKK     739.95      DKK     11,126        —  

ABB Ltd., Registered Shares

    Credit Suisse International      24,800        04/08/20      CHF     23.58      CHF     415        (3 ) 

AES Corp.

    Barclays Bank PLC      44,500        04/14/20      USD     21.18      USD     605        (62 ) 

Schneider Electric SE

    Credit Suisse International      20,400        04/14/20      EUR     96.30      EUR     1,563        (1,008 ) 

EDP Renováveis, S.A.

    Credit Suisse International      30,000        04/15/20      EUR     13.13      EUR     327        (551 ) 

RWE AG

    Goldman Sachs International      42,000        04/15/20      EUR     33.70      EUR     996        (23 ) 

Atlas Copco AB, Class B

    Credit Suisse International      27,500        04/16/20      SEK     315.12      SEK     7,914        (8,957 ) 

Iberdrola SA

    Morgan Stanley & Co. International PLC      116,700        04/16/20      EUR     11.42      EUR     1,035        (1,729 ) 

Johnson Matthey PLC

    UBS AG      21,700        04/16/20      GBP     26.80      GBP     385        —  

Quanta Services, Inc.

    Credit Suisse International      4,300        04/17/20      USD     41.16      USD     136        (246 ) 

Air Liquide SA

    Credit Suisse International      7,500        04/21/20      EUR     131.63      EUR     868        (5,901 ) 

Enel SpA

    Goldman Sachs International      364,600        04/21/20      EUR     8.15      EUR     2,279        (4,921 ) 

Hexagon AB, Class B

    Morgan Stanley & Co. International PLC      12,300        04/21/20      SEK     539.06      SEK     5,145        (2,079 ) 

Vinci SA

    UBS AG      22,900        04/21/20      EUR     99.11      EUR     1,697        (2,870 ) 

ABB Ltd., Registered Shares

    Credit Suisse International      24,800        04/22/20      CHF     17.48      CHF     415        (14,775 ) 

EDP Renováveis, S.A.

    Citibank N.A.      30,000        04/22/20      EUR     12.89      EUR     327        (1,075 ) 

EDP Renováveis, S.A.

    Credit Suisse International      40,000        04/22/20      EUR     10.06      EUR     436        (42,968 ) 

Johnson Matthey PLC

    Credit Suisse International      28,500        04/22/20      GBP     26.25      GBP     506        (28 ) 

Linde PLC

    Credit Suisse International      4,750        04/23/20      EUR     181.05      EUR     747        (5,417 ) 

Schneider Electric SE

    Morgan Stanley & Co. International PLC      9,500        04/28/20      EUR     87.01      EUR     728        (16,636 ) 

Vestas Wind Systems A/S

    Credit Suisse International      12,700        04/28/20      DKK     625.91      DKK     6,995        (11,500 ) 

Waste Connections, Inc.

    Bank of America N.A.      17,300        04/28/20      USD     103.72      USD     1,341        (840 ) 

EDP Renováveis, S.A.

    Goldman Sachs International      30,000        04/29/20      EUR     12.89      EUR     327        (2,010 ) 

RWE AG

    Citibank N.A.      53,200        04/29/20      EUR     29.95      EUR     1,261        (6,419 ) 

Atlas Copco AB, Class B

    UBS AG      26,800        04/30/20      SEK     252.03      SEK     7,712        (97,480 ) 

Neoenergia SA

    Credit Suisse International      202,000        04/30/20      BRL     18.31      BRL     3,472        (22,220 ) 

RWE AG

    Credit Suisse International      60,000        05/05/20      EUR     24.10      EUR     1,423        (123,596 ) 

EDP Renováveis, S.A.

    Citibank N.A.      30,000        05/06/20      EUR     12.89      EUR     327        (2,907 ) 

Enel SpA

    UBS AG      206,900        05/06/20      EUR     8.35      EUR     1,293        (5 ) 

 

 

4   

Schedule of Investments  (unaudited) (continued)

March 31, 2020

   

BlackRock Utilities, Infrastructure & Power Opportunities Trust (BUI)

 

OTC Options Written (continued)

 

Description    Counterparty    Number of
Contracts		      Expiration
Date		      Exercise
Price		      Notional
Amount (000)		      Value  
Call (continued)  

Hexagon AB, Class B

    UBS AG      12,700        05/06/20      SEK     504.24      SEK     5,313      $ (12,957 ) 

Kingspan Group PLC

    Morgan Stanley & Co. International PLC      19,500        05/06/20      EUR     41.30      EUR     953        (182,698 ) 

Linde PLC

    Credit Suisse International      4,750        05/06/20      EUR     181.05      EUR     747        (10,610 ) 

NovaGold Resources, Inc.

    Credit Suisse International      106,100        05/06/20      GBP     9.91      GBP     998        (55,642 ) 

Sika AG, Registered Shares

    Credit Suisse International      4,200        05/06/20      CHF     138.45      CHF     664        (100,587 ) 

Vinci SA

    Credit Suisse International      14,300        05/06/20      EUR     63.45      EUR     1,059        (200,119 ) 

EDP Renováveis, S.A.

    Citibank N.A.      30,000        05/13/20      EUR     12.89      EUR     327        (3,939 ) 

EDP Renováveis, S.A.

    Goldman Sachs International      30,000        05/20/20      EUR     12.89      EUR     327        (5,275 ) 

EDP Renováveis, S.A.

    Citibank N.A.      30,000        05/27/20      EUR     12.89      EUR     327        (6,240 ) 

EDP Renováveis, S.A.

    Citibank N.A.      30,000        06/03/20      EUR     12.89      EUR     327        (7,468 ) 

EDP Renováveis, S.A.

    Morgan Stanley & Co. International PLC      99,700        06/10/20      EUR     11.66      EUR     1,088        (59,645 ) 

EDP Renováveis, S.A.

    Citibank N.A.      40,000        06/16/20      EUR     10.39      EUR     436        (48,931 ) 
                     

 

 

  
   $ (1,070,337 ) 
  

 

 

  

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 BlackRock Global Valuation Methodologies Committee’s (the “Global Valuation Committee’s”) 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 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 investments and derivative financial instruments is based on the pricing transparency of the investments and derivative financial instruments and is not necessarily an indication of the risks associated with investing in those securities.. For information about the Trust policy regarding valuation of investments and derivative financial instruments, refer to the Trust most recent financial statements as contained in its annual report.

 

 

     5  

Schedule of Investments  (unaudited) (continued)

March 31, 2020

   

BlackRock Utilities, Infrastructure & Power Opportunities Trust (BUI)

 

Fair Value Hierarchy as of Period End (continued)

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:

 

Common Stocks:

 

Building Products

   $ 8,836,388        $ 3,918,962        $ —        $ 12,755,350  

Chemicals

     —          15,501,612          —          15,501,612  

Commercial Services & Supplies

     14,423,584          —          —          14,423,584  

Construction & Engineering

     4,736,020          8,665,265          —          13,401,285  

Electric Utilities

     74,261,760          27,916,506          —          102,178,266  

Electrical Equipment

     4,194,740          16,307,811          —          20,502,551  

Electronic Equipment, Instruments & Components

     —          3,012,819          —          3,012,819  

Independent Power and Renewable Electricity Producers

     3,985,480          22,488,283          —          26,473,763  

Machinery

     —          4,508,845          —          4,508,845  

Multi-Utilities

     32,168,779          20,581,750          —          52,750,529  

Oil, Gas & Consumable Fuels

     32,055,512          —          —          32,055,512  

Semiconductors & Semiconductor Equipment

     9,398,093          —          —          9,398,093  

Short-Term Securities

     13,045,691          —          —          13,045,691  
  

 

 

       

 

 

       

 

 

       

 

 

  
   $ 197,106,047        $ 122,901,853        $ —        $ 320,007,900  
  

 

 

       

 

 

       

 

 

       

 

 

  

Derivative Financial Instruments(a)

 

Liabilities:

 

Equity contracts

   $ (2,130,809 )       $ (1,235,201 )       $ —        $ (3,366,010 ) 
  

 

 

       

 

 

       

 

 

       

 

 

  

 

  (a) 

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

 

 

 

6