NPORT-EX 2 NPORT_LCXJ_12378895_0922.htm BlackRock Utilities Infrastructure Power Opportunities Trust

Schedule of Investments (unaudited) 

September 30, 2022

   

BlackRock Utilities, Infrastructure & Power Opportunities Trust (BUI)

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  

Common Stocks

    

Building Products — 5.7%

    

Johnson Controls International PLC(a)

    263,509     $ 12,969,913  

Kingspan Group PLC

     88,615       3,992,510  

Trane Technologies PLC(a)

    61,450       8,898,574  
   

 

 

  
      25,860,997  
Chemicals — 3.0%            

Air Liquide SA

     37,218       4,253,983  

LG Chem Ltd.

     12,150       4,486,209  

Linde PLC(b)

    17,328       4,691,253  
   

 

 

  
      13,431,445  
Commercial Services & Supplies(a) — 6.8%            

Waste Connections, Inc.

     93,600       12,648,168  

Waste Management, Inc.(c)

    112,850       18,079,698  
   

 

 

  
      30,727,866  
Construction & Engineering — 3.2%            

Quanta Services, Inc.(a)

    60,610       7,721,108  

Vinci SA

     84,600       6,840,817  
   

 

 

  
      14,561,925  
Electric Utilities — 28.3%            

American Electric Power Co., Inc.(a)

    157,000       13,572,650  

Duke Energy Corp.(a)

    121,868       11,336,161  

Edison International(a)

    120,150       6,798,087  

EDP - Energias de Portugal SA

     1,476,450       6,407,812  

Enel SpA

     3,975,525       16,304,516  

Exelon Corp.(a)

    155,458       5,823,457  

FirstEnergy Corp.(a)

    85,950       3,180,150  

Iberdrola SA

     970,402       9,048,206  

Neoenergia SA

     1,083,900       3,074,267  

NextEra Energy, Inc.(a)(c)

    535,030       41,951,702  

Orsted A/S(d)

    10,608       849,451  

Xcel Energy, Inc.(a)

    138,740       8,879,360  
   

 

 

  
      127,225,819  
Electrical Equipment — 6.4%            

Eaton Corp. PLC(a)

    35,940       4,792,959  

ITM Power PLC(b)

    598,850       689,968  

Prysmian SpA

     178,750       5,120,091  

Schneider Electric SE

     38,832       4,386,104  

Sunrun, Inc.(a)(b)

    82,300       2,270,657  

Vertiv Holdings Co.

     209,500       2,036,340  

Vestas Wind Systems A/S

     363,921       6,700,826  

Xinjiang Goldwind Science & Technology Co. Ltd., Class H

     2,274,400       2,622,848  
   

 

 

  
      28,619,793  
Electronic Equipment, Instruments & Components — 1.0%  

Samsung SDI Co. Ltd.

     11,800       4,438,493  
   

 

 

  
Independent Power and Renewable Electricity Producers — 11.4%  

AES Corp.(a)

    417,540       9,436,404  

China Longyuan Power Group Corp. Ltd., Class H

     3,129,000       3,909,987  

EDP Renovaveis SA

     436,256       8,973,859  

Orron Energy AB

     3,404,700       6,075,074  

ReNew Energy Global PLC, Class A(b)

    434,750       2,617,195  

RWE AG

     495,530       18,213,695  

Sunnova Energy International, Inc.(a)(b)

    102,950       2,273,136  
   

 

 

  
      51,499,350  
Security   Shares     Value  

Machinery — 4.3%

    

Atlas Copco AB, B Shares

     1,094,800     $ 9,074,804  

Ingersoll Rand, Inc.(a)

    239,100       10,343,466  
   

 

 

  
      19,418,270  
Multi-Utilities — 12.6%            

CMS Energy Corp.(a)

    151,160       8,803,558  

Dominion Energy, Inc.(a)(c)

    174,698       12,073,379  

National Grid PLC

     928,474       9,557,806  

Public Service Enterprise Group, Inc.(a)

    199,392       11,211,812  

Sempra Energy(a)

    99,000       14,844,060  
   

 

 

  
      56,490,615  
Oil, Gas & Consumable Fuels — 10.0%            

Cheniere Energy, Inc.(a)

    51,950       8,619,025  

Enterprise Products Partners LP(a)

    266,963       6,348,380  

Kinder Morgan, Inc.

     904,300       15,047,552  

Williams Cos., Inc.(a)

    518,805       14,853,387  
   

 

 

  
      44,868,344  
Semiconductors & Semiconductor Equipment — 4.6%  

Analog Devices, Inc.(a)

    24,374       3,396,273  

ASML Holding NV

     10,650       4,412,070  

Canadian Solar, Inc.(b)

    82,140       3,059,715  

First Solar, Inc.(a)(b)

    38,634       5,110,119  

Infineon Technologies AG

     209,100       4,575,949  
   

 

 

  
      20,554,126  
   

 

 

  

Total Long-Term Investments — 97.3%
(Cost: $355,359,203)

 

     437,697,043  
   

 

 

  

Short-Term Securities

 

Money Market Funds — 2.1%

 

BlackRock Liquidity Funds, T-Fund, Institutional Class, 2.79%(e)(f)

    9,293,807       9,293,807  
   

 

 

  

Total Short-Term Securities — 2.1%
(Cost: $9,293,807)

 

     9,293,807  
   

 

 

  

Total Investments Before Options Written — 99.4%
(Cost: $364,653,010)

 

     446,990,850  
   

 

 

  

Options Written — (0.3)%

 

  

    (Premiums Received: $(5,059,408))

       (1,264,106 ) 
   

 

 

  

Total Investments, Net of Options Written — 99.1%
(Cost: $359,593,602)

 

     445,726,744  

Other Assets Less Liabilities — 0.9%

 

     4,011,440  
   

 

 

  

Net Assets — 100.0%

     $ 449,738,184  
   

 

 

  

 

(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) 

Non-income producing security.

(c) 

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

(d) 

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.

(e) 

Affiliate of the Trust.

(f) 

Annualized 7-day yield as of period end.

 

 

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.

 

1

  

Schedule of Investments (unaudited) (continued)

September 30, 2022

   

BlackRock Utilities, Infrastructure & Power Opportunities Trust (BUI)

 

Affiliates

Investments in issuers considered to be affiliate(s) of the Trust during the period ended September 30, 2022 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

 

Affiliated Issuer   Value at
12/31/21		     Purchases
at Cost		     Proceeds
from Sales		     Net
Realized
Gain (Loss)		     Change in
Unrealized
Appreciation
(Depreciation)		     Value at
09/30/22		     Shares
Held at
09/30/22		     Income     Capital Gain
Distributions
from
Underlying
Funds		  

BlackRock Liquidity Funds, T-Fund, Institutional Class

   $  7,380,748     $  1,913,059 (a)    $ —     $ —     $ —     $  9,293,807       9,293,807     $ 78,859     $ —  

SL Liquidity Series, LLC, Money Market Series(b)

    —       —       (80 )(a)      80       —       —       —       5,737 (c)       —  
       

 

 

    

 

 

    

 

 

      

 

 

    

 

 

  
        $ 80     $ —     $ 9,293,807       $ 84,596     $ —  
       

 

 

    

 

 

    

 

 

      

 

 

    

 

 

  

 

  (a) 

Represents net amount purchased (sold).

 
  (b) 

As of period end, the entity is no longer held.

 
  (c) 

All or a portion 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    Number of
Contracts		        Expiration
Date		        Exercise Price       

Notional

Amount (000)

        Value  
Call                                                   

Analog Devices, Inc.

      25          10/07/22        USD     160.00        USD     348        $ (125 ) 

Enterprise Products Partners LP

      253          10/07/22        USD     27.00        USD     602          (1,518 ) 

NextEra Energy, Inc.

      708          10/07/22        USD     88.50        USD     5,551          (249 ) 

Waste Management, Inc.

      88          10/14/22        USD     175.00        USD     1,410          (4,840 ) 

Williams Cos., Inc.

      590          10/14/22        USD     34.00        USD     1,689          (5,900 ) 

AES Corp.

      731          10/21/22        USD     25.46        USD     1,652          (8,378 ) 

American Electric Power Co., Inc.

      40          10/21/22        USD     106.13        USD     346          (101 ) 

Analog Devices, Inc.

      24          10/21/22        USD     160.00        USD     334          (540 ) 

Cheniere Energy, Inc.

      156          10/21/22        USD     175.00        USD     2,588          (63,180 ) 

CMS Energy Corp.

      264          10/21/22        USD     72.20        USD     1,538          (92 ) 

Dominion Energy, Inc.

      260          10/21/22        USD     87.50        USD     1,797          (1,300 ) 

Duke Energy Corp.

      426          10/21/22        USD     110.00        USD     3,963          (3,195 ) 

Eaton Corp. PLC

      62          10/21/22        USD     150.00        USD     827          (1,240 ) 

Edison International

      420          10/21/22        USD     71.00        USD     2,376          (804 ) 

Enterprise Products Partners LP

      214          10/21/22        USD     27.00        USD     509          (642 ) 

Exelon Corp.

      279          10/21/22        USD     48.00        USD     1,045          (2,093 ) 

First Solar, Inc.

      80          10/21/22        USD     115.00        USD     1,058          (153,600 ) 

FirstEnergy Corp.

      300          10/21/22        USD     42.00        USD     1,110          (3,000 ) 

Johnson Controls International PLC

      518          10/21/22        USD     60.00        USD     2,550          (10,360 ) 

NextEra Energy, Inc.

      708          10/21/22        USD     92.50        USD     5,551          (7,080 ) 

NextEra Energy, Inc.

      456          10/21/22        USD     90.00        USD     3,575          (5,700 ) 

Public Service Enterprise Group, Inc.

      262          10/21/22        USD     65.40        USD     1,473          (305 ) 

Quanta Services, Inc.

      96          10/21/22        USD     145.00        USD     1,223          (6,480 ) 

Sempra Energy

      173          10/21/22        USD     170.00        USD     2,594          (3,893 ) 

Sunnova Energy International, Inc.

      210          10/21/22        USD     30.00        USD     464          (5,250 ) 

Sunrun, Inc.

      290          10/21/22        USD     37.50        USD     800          (6,670 ) 

Trane Technologies PLC

      117          10/21/22        USD     164.00        USD     1,694          (6,976 ) 

Waste Connections, Inc.

      115          10/21/22        USD     150.00        USD     1,554          (3,163 ) 

Xcel Energy, Inc.

      174          10/21/22        USD     75.00        USD     1,114          (1,305 ) 

Eaton Corp. PLC

      63          10/27/22        USD     150.00        USD     840          (2,174 ) 

Analog Devices, Inc.

      26          10/28/22        USD     155.00        USD     362          (2,600 ) 

Enterprise Products Partners LP

      253          10/28/22        USD     26.50        USD     602          (2,024 ) 

Williams Cos., Inc.

      778          10/28/22        USD     33.00        USD     2,227          (7,780 ) 

Enterprise Products Partners LP

      214          11/01/22        USD     27.00        USD     509          (1,789 ) 

Public Service Enterprise Group, Inc.

      218          11/01/22        USD     67.90        USD     1,226          (282 ) 

Dominion Energy, Inc.

      351          11/02/22        USD     82.75        USD     2,426          (806 ) 

Analog Devices, Inc.

      5          11/04/22        USD     150.00        USD     70          (1,290 ) 

Waste Management, Inc.

      219          11/04/22        USD     170.00        USD     3,509          (38,872 ) 

Williams Cos., Inc.

      447          11/04/22        USD     31.00        USD     1,280          (20,115 ) 

Waste Management, Inc.

      87          11/11/22        USD     165.00        USD     1,394          (33,495 ) 

 

 

S C H E D U L E   O F   I N V E S T M E N  T S  

2

Schedule of Investments (unaudited) (continued)

September 30, 2022

   

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)                                                   

AES Corp.

      730          11/18/22        USD     28.00        USD     1,650        $ (9,125 ) 

American Electric Power Co., Inc.

      509          11/18/22        USD     105.00        USD     4,400          (6,363 ) 

Cheniere Energy, Inc.

      37          11/18/22        USD     166.00        USD     614          (42,487 ) 

CMS Energy Corp.

      265          11/18/22        USD     70.00        USD     1,543          (19,875 ) 

Exelon Corp.

      265          11/18/22        USD     46.50        USD     993          (3,748 ) 

First Solar, Inc.

      55          11/18/22        USD     120.00        USD     727          (104,087 ) 

Ingersoll Rand, Inc.

      418          11/18/22        USD     52.00        USD     1,808          (17,925 ) 

Johnson Controls International PLC

      202          11/18/22        USD     57.50        USD     994          (6,565 ) 

Johnson Controls International PLC

      202          11/18/22        USD     55.00        USD     994          (13,635 ) 

Public Service Enterprise Group, Inc.

      217          11/18/22        USD     62.31        USD     1,220          (10,245 ) 

Quanta Services, Inc.

      116          11/18/22        USD     150.00        USD     1,478          (19,430 ) 

Sunnova Energy International, Inc.

      150          11/18/22        USD     30.00        USD     331          (9,375 ) 

Waste Connections, Inc.

      212          11/18/22        USD     150.00        USD     2,865          (16,960 ) 
                          

 

 

  
                           $ (699,026 ) 
                          

 

 

  

OTC Options Written

 

Description   Counterparty   Number of
Contracts		     Expiration
Date		     Exercise Price    

Notional

Amount (000)

     Value  
Call                                          

Atlas Copco AB, B Shares

   Goldman Sachs International     155,700       10/04/22     SEK     106.18     SEK     14,521     $ —  

National Grid PLC

   UBS AG     195,600       10/06/22     GBP     11.66     GBP     1,821       (4 ) 

Xinjiang Goldwind Science & Technology Co. Ltd., Class H

   Morgan Stanley & Co. International PLC     396,000       10/06/22     HKD     15.31     HKD     3,608       —  

Xcel Energy, Inc.

   Citibank N.A.     15,300       10/07/22     USD     76.80     USD     979       —  

EDP Renovaveis SA

   Goldman Sachs International     42,000       10/12/22     EUR     27.61     EUR     884       —  

Enel SpA

   Credit Suisse International     682,800       10/12/22     EUR     5.13     EUR     2,884       (1,182 ) 

Iberdrola SA

   UBS AG     99,500       10/12/22     EUR     11.06     EUR     953       (10 ) 

Infineon Technologies AG

   JPMorgan Chase Bank N.A.     23,100       10/14/22     EUR     27.44     EUR     525       (342 ) 

Air Liquide SA

   Goldman Sachs International     13,100       10/18/22     EUR     136.24     EUR     1,540       (248 ) 

Atlas Copco AB, B Shares

   Morgan Stanley & Co. International PLC     227,500       10/18/22     SEK     105.14     SEK     21,217       (2,535 ) 

EDP Renovaveis SA

   Morgan Stanley & Co. International PLC     29,600       10/18/22     EUR     26.99     EUR     623       (3 ) 

ITM Power PLC

   Morgan Stanley & Co. International PLC     104,600       10/18/22     GBP     2.15     GBP     109       (1 ) 

Neoenergia SA

   Morgan Stanley & Co. International PLC     130,300       10/18/22     USD     17.25     USD     1,994       (268 ) 

Samsung SDI Co. Ltd.

   Goldman Sachs International     4,200       10/18/22     USD     616,350.00     USD     2,293,200       (3,732 ) 

Iberdrola SA

   Royal Bank of Canada     240,100       10/19/22     EUR     10.92     EUR     2,301       (451 ) 

Schneider Electric SE

   UBS AG     8,300       10/19/22     EUR     123.93     EUR     971       (7,932 ) 

EDP-Energias de Portugal SA

   Morgan Stanley & Co. International PLC     211,700       10/20/22     EUR     5.35     EUR     940       (4 ) 

EDP Renovaveis SA

   Credit Suisse International     81,000       10/26/22     EUR     25.94     EUR     1,704       (619 ) 

Infineon Technologies AG

   Royal Bank of Canada     25,000       10/26/22     EUR     25.68     EUR     568       (5,117 ) 

ITM Power PLC

   JPMorgan Chase Bank N.A.     105,000       10/26/22     GBP     1.72     GBP     110       (305 ) 

Trane Technologies PLC

   UBS AG     14,200       10/26/22     USD     157.84     USD     2,056       (20,916 ) 

ReNew Energy Global PLC, Class A

   JPMorgan Chase Bank N.A.     76,000       11/01/22     USD     7.60     USD     458       (4,735 ) 

Sempra Energy

   Citibank N.A.     17,300       11/01/22     USD     176.80     USD     2,594       (2,052 ) 

China Longyuan Power Group Corp. Ltd., Class H

   UBS AG     545,000       11/02/22     HKD     13.78     HKD     5,368       (83 ) 

Kingspan Group PLC

   Morgan Stanley & Co. International PLC     30,900       11/02/22     EUR     59.80     EUR     1,432       (2,098 ) 

Prysmian SpA

   Royal Bank of Canada     62,600       11/02/22     EUR     32.99     EUR     1,854       (13,694 ) 

Vinci SA

   Morgan Stanley & Co. International PLC     26,800       11/02/22     EUR     98.22     EUR     2,229       (1,869 ) 

Linde PLC

   Royal Bank of Canada     2,600       11/04/22     EUR     297.54     EUR     726       (7,301 ) 

RWE AG

   Royal Bank of Canada     43,300       11/04/22     EUR     43.12     EUR     1,636       (9,892 ) 

Xcel Energy, Inc.

   JPMorgan Chase Bank N.A.     15,800       11/07/22     USD     76.80     USD     1,011       (797 ) 

ASML Holding NV

   Royal Bank of Canada     3,700       11/10/22     EUR     486.53     EUR     1,604       (26,527 ) 

EDP-Energias de Portugal SA

   Credit Suisse International     200,000       11/10/22     EUR     4.71     EUR     888       (9,947 ) 

RWE AG

   Credit Suisse International     94,300       11/10/22     EUR     42.95     EUR     3,564       (32,630 ) 

EDP-Energias de Portugal SA

   Credit Suisse International     200,000       11/15/22     EUR     4.71     EUR     888       (11,418 ) 

Enel SpA

   UBS AG     708,600       11/15/22     EUR     4.55     EUR     2,993       (60,568 ) 

Infineon Technologies AG

   JPMorgan Chase Bank N.A.     25,000       11/15/22     EUR     25.01     EUR     568       (14,566 ) 

Schneider Electric SE

   Credit Suisse International     5,300       11/15/22     EUR     119.75     EUR     620       (22,066 ) 

 

 

3

  

Schedule of Investments (unaudited) (continued)

September 30, 2022

   

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)                                          

China Longyuan Power Group Corp. Ltd., Class H

   JPMorgan Chase Bank N.A.     550,000       11/17/22     HKD     10.48     HKD     5,418     $ (23,843)  

LG Chem Ltd.

   JPMorgan Chase Bank N.A.     4,200       11/17/22     USD     571,180.91     USD     2,251,200       (44,491)  

Linde PLC

   Royal Bank of Canada     3,500       11/17/22     EUR     288.45     EUR     977       (25,358)  

RWE AG

   Royal Bank of Canada     41,000       11/17/22     EUR     40.53     EUR     1,549       (42,115)  

Vinci SA

   UBS AG     2,900       11/17/22     EUR     85.78     EUR     241       (6,598)  

ReNew Energy Global PLC, Class A

   JPMorgan Chase Bank N.A.     76,000       11/21/22     USD     7.60     USD     458       (10,439)  

National Grid PLC

   Merrill Lynch International     129,400       11/22/22     GBP     9.85     GBP     1,205       (37,659)  

Neoenergia SA

   Morgan Stanley & Co. International PLC     249,000       11/22/22     USD     15.99     USD     3,810       (21,643)  

Xinjiang Goldwind Science & Technology Co. Ltd., Class H

   UBS AG     400,000       11/22/22     HKD     9.95     HKD     3,644       (19,967)  

Ingersoll Rand, Inc.

   Barclays Bank PLC     41,800       12/05/22     USD     46.41     USD     1,808       (69,055)  
               

 

 

  
                $  (565,080)  
               

 

 

  

Fair Value Hierarchy as of Period End

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

 

  •  

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

 

  •  

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

 

  •  

Level 3 – Unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available (including the 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. There may not be a secondary market, and/or there are a limited number of investors. The categorization of a value determined for financial instruments is based on the pricing transparency of the financial instruments and is not necessarily an indication of the risks associated with investing in those securities. For information about the Trust’s policy regarding valuation of financial instruments, refer to its most recent financial statements.

The following table summarizes the Trust’s 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

                  

Building Products

    $   21,868,487        $ 3,992,510        $  —        $ 25,860,997  

Chemicals

      —            13,431,445          —          13,431,445  

Commercial Services & Supplies

      30,727,866          —          —          30,727,866  

Construction & Engineering

      7,721,108          6,840,817          —          14,561,925  

Electric Utilities

      94,615,834          32,609,985          —          127,225,819  

Electrical Equipment

      9,099,956          19,519,837          —          28,619,793  

Electronic Equipment, Instruments & Components

      —          4,438,493          —          4,438,493  

Independent Power and Renewable Electricity Producers

      14,326,735          37,172,615          —          51,499,350  

Machinery

      10,343,466          9,074,804          —          19,418,270  

Multi-Utilities

      46,932,809          9,557,806          —          56,490,615  

Oil, Gas & Consumable Fuels

      44,868,344          —          —          44,868,344  

Semiconductors & Semiconductor Equipment

      11,566,107          8,988,019          —          20,554,126  

 

 

S C H E D U L E   O F   I N V E S T M E N  T S  

4

Schedule of Investments (unaudited) (continued)

September 30, 2022

   

BlackRock Utilities, Infrastructure & Power Opportunities Trust (BUI)

 

Fair Value Hierarchy as of Period End (continued)

      Level 1        Level 2                    Level 3        Total  

Short-Term Securities

                  

Money Market Funds

    $ 9,293,807        $ —        $ —        $ 9,293,807  
  

 

 

       

 

 

       

 

 

       

 

 

  
   $ 301,364,519        $  145,626,331        $ —        $  446,990,850  
  

 

 

       

 

 

       

 

 

       

 

 

  

Derivative Financial Instruments(a)

                 

Liabilities

                  

Equity Contracts

    $ (602,665 )       $ (661,441)        $ —        $ (1,264,106)  
  

 

 

       

 

 

       

 

 

       

 

 

  

 

  (a) 

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

 

Currency Abbreviation

 

EUR    Euro
GBP    British Pound
HKD    Hong Kong Dollar
SEK    Swedish Krona
USD    United States Dollar
Portfolio Abbreviation
LP    Limited Partnership

 

 

5