BlackRock Enhanced International Dividend Trust

NPORT-EX 2 NPORT_LCXG_58348097_0921.htm BlackRock Enhanced International Dividend Trust

Schedule of Investments (unaudited)

September 30, 2021

BlackRock Enhanced International Dividend Trust (BGY)

(Percentages shown are based on Net Assets)


Security	Shares		Value

Common Stocks

Australia — 1.4%
Ansell Ltd.		397,366	$	9,654,946


Canada — 4.5%
TELUS Corp.		1,412,703		31,051,359


China — 4.3%
China Feihe Ltd.^(a)		10,214,000		17,215,987
Didi Global, Inc., (Acquired 07/08/21, Cost: $1,053,166)^(b)		153,600		1,167,295
Enn Energy Holdings Ltd.		675,100		11,134,742

				29,518,024

Denmark — 4.5%
Novo Nordisk A/S, Class B		320,213		30,865,170


France — 17.3%
Air Liquide SA		61,686		9,879,634
EssilorLuxottica SA		126,614		24,195,057
Kering SA		17,289		12,279,694
LVMH Moet Hennessy Louis Vuitton SE		23,187		16,608,004
Sanofi		349,603		33,654,184
Schneider Electric SE		134,297		22,367,685

				118,984,258

India — 3.2%
HDFC Bank Ltd.		994,804		21,267,168
Jasper Infotech Private Ltd., Series I, (Acquired 05/07/14, Cost: $3,948,600)^(b)(c)		5,300		889,499

				22,156,667

Mexico — 2.3%
Wal-Mart de Mexico SAB de CV		4,546,021		15,445,217


Portugal — 3.3%
EDP - Energias de Portugal SA		4,324,584		22,717,545


Singapore — 4.4%
DBS Group Holdings Ltd.		633,200		14,030,832
United Overseas Bank Ltd.		849,800		16,076,160

				30,106,992

Spain — 5.3%
Amadeus IT Group SA^(d)		315,811		20,771,449
Bankinter SA		2,641,739		15,457,180

				36,228,629

Taiwan — 4.7%
Taiwan Semiconductor Manufacturing Co. Ltd.		1,573,000		32,532,917


United Kingdom — 34.4%
AstraZeneca PLC		250,844		30,231,150
BAE Systems PLC		2,488,792		18,850,246
Diageo PLC		608,723		29,471,329
Ferguson PLC		223,513		31,028,487


Security	Shares		Value

United Kingdom (continued)
Prudential PLC		1,436,549	$	27,876,822
Reckitt Benckiser Group PLC		314,527		24,709,299
RELX PLC		1,164,200		33,700,761
Taylor Wimpey PLC		5,973,320		12,458,554
Unilever PLC		507,622		27,481,806

				235,808,454

United States — 9.4%
Baker Hughes Co.^(e)		666,626		16,485,661
Estee Lauder Cos., Inc., Class A^(e)(f)		44,370		13,307,894
Jackson Financial, Inc.^(d)		38,038		988,988
Otis Worldwide Corp.^(e)(f)		185,714		15,280,548
Visa, Inc., Class A^(e)(f)		81,707		18,200,234

				64,263,325


Total Long-Term Investments — 99.0% (Cost: $575,996,260)				679,333,503


Short-Term Securities

Money Market Funds — 0.5%
BlackRock Liquidity Funds, T-Fund, Institutional Class, 0.01%^(g)(h)		3,277,115		3,277,115


Total Short-Term Securities — 0.5% (Cost: $3,277,115)				3,277,115


Total Investments Before Options Written — 99.5% (Cost: $579,273,375)				682,610,618


Options Written — (0.6)% (Premiums Received: $(5,837,715))				(4,255,941	)


Total Investments, Net of Options Written — 98.9% (Cost: $573,435,660)				678,354,677

Other Assets Less Liabilities — 1.1%				7,826,599


Net Assets — 100.0%			$	686,181,276

^(a)	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.

^(b)	Restricted security as to resale, excluding 144A securities. The Trust held restricted securities with a current value of $2,056,794, representing 0.3% of its net assets as of period end, and an original cost of $5,001,766.

^(c)	Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.

^(d)	Non-income producing security.

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

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

^(g)	Affiliate of the Trust.

^(h)	Annualized 7-day yield as of period end.


1

Schedule of Investments (unaudited) (continued)

September 30, 2021

BlackRock Enhanced International Dividend Trust (BGY)

Affiliates

Investments in issuers considered to be affiliate(s) of the Trust during the period ended September 30, 2021 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:


Affiliated Issuer	Value at 12/31/20		Purchases at Cost			Proceeds from Sales		Net Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)		Value at 09/30/21		Shares Held at 09/30/21		Income		Capital Gain Distributions from Underlying Funds
BlackRock Liquidity Funds, T-Fund, Institutional Class	$	287,381	$	2,989,734	^(a)	$	—	$	—	$	—	$	3,277,115		3,277,115	$	669	$	—

^(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
Visa, Inc., Class A		26		10/08/21	USD	240.00	USD	579	$	(260	)
Baker Hughes Co.		1,193		10/15/21	USD	24.00	USD	2,950		(152,107	)
Baker Hughes Co.		613		10/15/21	USD	23.00	USD	1,516		(121,068	)
Estee Lauder Cos., Inc., Class A		180		10/15/21	USD	330.00	USD	5,399		(11,250	)
Estee Lauder Cos., Inc., Class A		20		10/15/21	USD	340.00	USD	600		(1,700	)
Visa, Inc., Class A		32		10/15/21	USD	240.00	USD	713		(944	)
Visa, Inc., Class A		164		10/22/21	USD	240.00	USD	3,653		(8,036	)
Visa, Inc., Class A		79		11/05/21	USD	235.00	USD	1,760		(20,264	)
Baker Hughes Co.		1,193		11/10/21	USD	24.40	USD	2,950		(162,385	)
Otis Worldwide Corp.		216		11/12/21	USD	90.50	USD	1,777		(9,794	)
TELUS Corp.		1,271		11/19/21	CAD	29.00	CAD	3,538		(20,069	)
Visa, Inc., Class A		66		11/19/21	USD	240.00	USD	1,470		(14,685	)

									$	(522,562	)

OTC Options Written


Description	Counterparty	Number of Contracts		Expiration Date		Exercise Price			Notional Amount (000)			Value
Call
Reckitt Benckiser Group PLC	Morgan Stanley & Co. International PLC		78,000		10/05/21		GBP	57.60		GBP	4,547	$	(105,203	)
RELX PLC	Credit Suisse International		2,400		10/05/21		EUR	26.11		EUR	60		(35	)
Schneider Electric SE	Morgan Stanley & Co. International PLC		60,500		10/05/21		EUR	156.33		EUR	8,706		(654	)
Taylor Wimpey PLC	Goldman Sachs International		457,100		10/05/21		GBP	1.77		GBP	712		(1	)
United Overseas Bank Ltd.	Goldman Sachs International		75,500		10/05/21		SGD	26.27		SGD	1,952		(1,893	)
Astrazeneca PLC	Goldman Sachs International		25,000		10/07/21		GBP	88.40		GBP	2,240		(60,541	)
BAE Systems PLC	UBS AG		364,000		10/07/21		GBP	5.81		GBP	2,057		(2,623	)
Enn Energy Holdings Ltd.	Citibank N.A.		79,100		10/07/21		HKD	167.59		HKD	10,156		—
Ferguson PLC	Goldman Sachs International		23,600		10/07/21		GBP	103.08		GBP	2,439		(41,021	)
LVMH Moet Hennessy Louis Vuitton SE	Goldman Sachs International		13,800		10/07/21		EUR	668.00		EUR	8,557		(7,228	)
Prudential PLC	Goldman Sachs International		163,500		10/07/21		GBP	15.17		GBP	2,379		(42,351	)
RELX PLC	UBS AG		125,000		10/07/21		EUR	26.15		EUR	3,125		(3,147	)
China Feihe Ltd.	JPMorgan Chase Bank N.A.		1,464,000		10/08/21		HKD	15.63		HKD	19,237		(1,419	)
Taiwan Semiconductor Manufacturing Co. Ltd.	Citibank N.A.		230,000		10/08/21		USD	602.31		USD	133,400		(7,806	)
Taylor Wimpey PLC	Credit Suisse International		1,115,400		10/12/21		GBP	1.79		GBP	1,738		(15	)
Air Liquide SA	Morgan Stanley & Co. International PLC		6,200		10/13/21		EUR	152.71		EUR	859		(59	)
Otis Worldwide Corp.	UBS AG		15,500		10/13/21		USD	93.03		USD	1,275		(175	)
Unilever PLC	Morgan Stanley & Co. International PLC		95,600		10/13/21		GBP	42.44		GBP	3,829		(4,120	)
Bankinter SA	Credit Suisse International		384,700		10/14/21		EUR	5.09		EUR	1,950		(38,996	)
Diageo PLC	Credit Suisse International		131,400		10/14/21		GBP	35.92		GBP	4,738		(100,488	)
Novo Nordisk A/S, Class B	Goldman Sachs International		130,500		10/14/21		DKK	644.42		DKK	81,093		(90,858	)
Reckitt Benckiser Group PLC	Goldman Sachs International		61,200		10/14/21		GBP	56.63		GBP	3,568		(164,251	)
Wal-Mart de Mexico SAB de CV	Citibank N.A.		1,015,800		10/14/21		MXN	70.72		MXN	71,238		(43,825	)
Ansell Ltd.	JPMorgan Chase Bank N.A.		39,700		10/15/21		AUD	41.96		AUD	1,358		(3	)
China Feihe Ltd.	Société Générale		412,000		10/15/21		HKD	15.15		HKD	5,414		(4,325	)


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, 2021

BlackRock Enhanced International Dividend Trust (BGY)

OTC Options Written (continued)


Description	Counterparty	Number of Contracts		Expiration Date		Exercise Price			Notional Amount (000)			Value
Call (continued)
Enn Energy Holdings Ltd.	Morgan Stanley & Co. International PLC		202,500		10/15/21		HKD	163.79		HKD	26,001	$	(619	)
Prudential PLC	Goldman Sachs International		169,200		10/15/21		GBP	15.20		GBP	2,462		(80,277	)
RELX PLC	Morgan Stanley & Co. International PLC		107,000		10/15/21		EUR	26.38		EUR	2,675		(6,267	)
TELUS Corp.	Citibank N.A.		131,000		10/15/21		CAD	28.89		CAD	3,647		(4,746	)
BAE Systems PLC	UBS AG		45,600		10/19/21		GBP	5.96		GBP	258		(63	)
China Feihe Ltd.	JPMorgan Chase Bank N.A.		622,000		10/19/21		HKD	15.09		HKD	8,173		(9,997	)
Ferguson PLC	Goldman Sachs International		38,700		10/19/21		GBP	105.65		GBP	4,000		(46,123	)
Taiwan Semiconductor Manufacturing Co. Ltd.	Citibank N.A.		230,000		10/19/21		USD	602.31		USD	133,400		(27,522	)
Taiwan Semiconductor Manufacturing Co. Ltd.	Goldman Sachs International		90,000		10/19/21		USD	618.00		USD	52,200		(10,730	)
Air Liquide SA	Goldman Sachs International		13,800		10/20/21		EUR	152.52		EUR	1,912		(1,096	)
PPR S.A.	Goldman Sachs International		11,000		10/20/21		EUR	707.74		EUR	6,776		(18,809	)
RELX PLC	Goldman Sachs International		90,100		10/20/21		EUR	25.92		EUR	2,253		(16,449	)
Unilever PLC	UBS AG		54,600		10/20/21		GBP	40.12		GBP	2,187		(55,311	)
BAE Systems PLC	Goldman Sachs International		355,400		10/26/21		GBP	5.66		GBP	2,009		(18,524	)
Dbs Group Holdings Ltd.	JPMorgan Chase Bank N.A.		246,000		10/26/21		SGD	30.72		SGD	7,459		(61,730	)
Dbs Group Holdings Ltd.	JPMorgan Chase Bank N.A.		39,000		10/26/21		SGD	30.66		SGD	1,182		(10,395	)
Ferguson PLC	Morgan Stanley & Co. International PLC		37,300		10/26/21		GBP	108.72		GBP	3,855		(11,605	)
TELUS Corp.	Citibank N.A.		131,000		10/27/21		CAD	28.89		CAD	3,647		(11,838	)
Air Liquide SA	Morgan Stanley & Co. International PLC		13,900		10/29/21		EUR	152.98		EUR	1,926		(2,242	)
Amadeus IT Group SA	Goldman Sachs International		39,000		10/29/21		EUR	53.42		EUR	2,218		(190,713	)
China Feihe Ltd.	JPMorgan Chase Bank N.A.		1,076,000		10/29/21		HKD	14.32		HKD	14,139		(53,171	)
EDP - Energias de Portugal SA	UBS AG		385,500		10/29/21		EUR	4.85		EUR	1,748		(12,423	)
Enn Energy Holdings Ltd.	JPMorgan Chase Bank N.A.		89,800		10/29/21		HKD	160.98		HKD	11,530		(3,883	)
Essilorluxottica SA	Goldman Sachs International		19,300		10/29/21		EUR	175.47		EUR	3,194		(29,761	)
Novo Nordisk A/S, Class B	Goldman Sachs International		13,500		10/29/21		DKK	646.32		DKK	8,389		(16,500	)
Sanofi	UBS AG		87,500		10/29/21		EUR	84.38		EUR	7,270		(135,230	)
Unilever PLC	Credit Suisse International		43,700		10/29/21		GBP	40.76		GBP	1,750		(36,952	)
Astrazeneca PLC	Morgan Stanley & Co. International PLC		112,900		11/02/21		GBP	84.06		GBP	10,114		(952,030	)
BAE Systems PLC	UBS AG		355,000		11/02/21		GBP	5.54		GBP	2,006		(36,649	)
Bankinter SA	Credit Suisse International		540,000		11/02/21		EUR	5.07		EUR	2,737		(99,218	)
RELX PLC	Morgan Stanley & Co. International PLC		125,000		11/02/21		EUR	26.60		EUR	3,125		(17,199	)
United Overseas Bank Ltd.	JPMorgan Chase Bank N.A.		74,000		11/02/21		SGD	26.09		SGD	1,913		(16,980	)
TELUS Corp.	Goldman Sachs International		119,800		11/03/21		CAD	29.00		CAD	3,335		(15,570	)
Wal-Mart de Mexico SAB de CV	Morgan Stanley & Co. International PLC		1,030,000		11/03/21		MXN	73.78		MXN	72,234		(19,652	)
TELUS Corp.	Goldman Sachs International		126,800		11/05/21		CAD	28.25		CAD	3,530		(32,135	)
Otis Worldwide Corp.	Citibank N.A.		65,000		11/08/21		USD	90.75		USD	5,348		(23,988	)
Diageo PLC	UBS AG		142,600		11/10/21		GBP	35.59		GBP	5,142		(201,926	)
EDP - Energias de Portugal SA	Credit Suisse International		385,500		11/10/21		EUR	4.75		EUR	1,748		(29,244	)
Prudential PLC	Goldman Sachs International		170,100		11/10/21		GBP	14.64		GBP	2,475		(86,776	)
Amadeus IT Group SA	UBS AG		71,600		11/11/21		EUR	59.16		EUR	4,073		(127,890	)
EDP - Energias de Portugal SA	UBS AG		1,175,000		11/11/21		EUR	4.64		EUR	5,329		(141,686	)
Essilorluxottica SA	UBS AG		37,700		11/11/21		EUR	169.86		EUR	6,239		(163,770	)
Reckitt Benckiser Group PLC	UBS AG		2,400		11/11/21		GBP	59.47		GBP	140		(3,601	)
RELX PLC	Morgan Stanley & Co. International PLC		70,700		11/11/21		EUR	25.59		EUR	1,768		(30,916	)
Sanofi	UBS AG		40,300		11/11/21		EUR	84.87		EUR	3,348		(61,452	)
Taylor Wimpey PLC	UBS AG		1,115,400		11/11/21		GBP	1.59		GBP	1,738		(33,815	)
United Overseas Bank Ltd.	JPMorgan Chase Bank N.A.		233,600		11/11/21		SGD	26.34		SGD	6,039		(44,869	)

												$	(3,733,379	)

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


3

Schedule of Investments (unaudited) (continued)

September 30, 2021

BlackRock Enhanced International Dividend Trust (BGY)

Fair Value Hierarchy as of Period End (continued)

•

Level 3 – Unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available (including the BlackRock Global Valuation Methodologies Committee’s (the “Global Valuation Committee’s”) assumptions used in determining the fair value of financial instruments).

The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the fair value hierarchy classification is determined based on the lowest level input that is significant to the fair value measurement in its entirety. Investments classified within Level 3 have significant unobservable inputs used by the Global Valuation Committee in determining the price for Fair Valued Investments. Level 3 investments include equity or debt issued by privately held companies or funds. There may not be a secondary market, and/or there are a limited number of investors. The categorization of a value determined for financial instruments is based on the pricing transparency of the financial instruments and is not necessarily an indication of the risks associated with investing in those securities. For information about the Trust’s policy regarding valuation of financial instruments, refer to its most recent financial statements.

The following table summarizes the Trust’s 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
Australia	$	—	$	9,654,946	$	—	$	9,654,946
Canada		31,051,359		—		—		31,051,359
China		—		29,518,024		—		29,518,024
Denmark		—		30,865,170		—		30,865,170
France		—		118,984,258		—		118,984,258
India		—		21,267,168		889,499		22,156,667
Mexico		15,445,217		—		—		15,445,217
Portugal		22,717,545		—		—		22,717,545
Singapore		—		30,106,992		—		30,106,992
Spain		—		36,228,629		—		36,228,629
Taiwan		—		32,532,917		—		32,532,917
United Kingdom		—		235,808,454		—		235,808,454
United States		64,263,325		—		—		64,263,325
Short-Term Securities
Money Market Funds		3,277,115		—		—		3,277,115

	$	136,754,561	$	544,966,558	$	889,499	$	682,610,618

Derivative Financial Instruments^(a)
Liabilities
Equity Contracts	$	(350,383)	$	(3,905,558)	$	—	$	(4,255,941)

^(a)

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


Currency Abbreviation

AUD		Australian Dollar

CAD		Canadian Dollar

DKK		Danish Krone

EUR		Euro

GBP		British Pound

HKD		Hong Kong Dollar

MXN		Mexican Peso

SGD		Singapore Dollar

USD		United States Dollar


Portfolio Abbreviation

SAB		Special Assessment Bonds


S C H E D U L E O F I N V E S T M E N T S		4