NPORT-EX 2 NPORT_LCXG_35754832_0323.htm BlackRock Enhanced International Dividend Trust

Schedule of Investments (unaudited)

March 31, 2023

   

BlackRock Enhanced International Dividend Trust (BGY)

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  

Common Stocks

 

Canada — 3.3%  

TELUS Corp.

     1,044,942     $   20,744,206  
   

 

 

  
China — 2.9%  

Budweiser Brewing Co. APAC Ltd.(a)

    4,011,500       12,208,306  

Yum China Holdings, Inc.(b)

    100,923       6,397,509  
   

 

 

  
      18,605,815  
Denmark — 4.4%  

Novo Nordisk A/S, Class B

     175,600       27,889,013  
   

 

 

  
France — 15.6%  

Air Liquide SA

     80,669       13,503,070  

EssilorLuxottica SA

     65,768       11,859,468  

Kering SA

     35,523       23,176,183  

LVMH Moet Hennessy Louis Vuitton SE

     25,681       23,572,803  

Sanofi

     251,801       27,315,049  
   

 

 

  
      99,426,573  
Germany — 2.1%  

MTU Aero Engines AG

     52,623       13,168,365  
   

 

 

  
India — 2.9%  

HDFC Bank Ltd.

     889,985       17,504,968  

Jasper Infotech Private Ltd., Series I, (Acquired 01/25/22, Cost: $3,948,600)(c)(d)

    848,000       629,841  
   

 

 

  
      18,134,809  
Indonesia — 2.0%  

Bank Rakyat Indonesia Persero Tbk PT

     39,288,600       12,448,701  
   

 

 

  
Japan — 3.5%  

Daiichi Sankyo Co. Ltd.

     286,900       10,465,434  

KDDI Corp.

     391,900       12,085,312  
   

 

 

  
      22,550,746  
Mexico — 2.7%  

Wal-Mart de Mexico SAB de CV

     4,298,658       17,182,705  
   

 

 

  
Netherlands — 4.3%  

Koninklijke KPN NV

     5,283,115       18,668,243  

Shell PLC

     312,459       8,952,283  
   

 

 

  
      27,620,526  
Singapore — 4.2%  

DBS Group Holdings Ltd.

     477,400       11,868,993  

United Overseas Bank Ltd.

     653,100       14,648,405  
   

 

 

  
      26,517,398  
Spain — 3.3%  

Industria de Diseno Textil SA

     631,703       21,222,184  
   

 

 

  
Sweden — 2.9%  

Epiroc AB, Class A

     931,656       18,493,384  
   

 

 

  
Switzerland — 5.4%  

Lonza Group AG, Registered Shares

     37,124       22,348,626  

Zurich Insurance Group AG

     25,565       12,250,713  
   

 

 

  
      34,599,339  
Security   Shares     Value  
Taiwan — 6.0%        

MediaTek, Inc.

     628,000     $ 16,281,600  

Taiwan Semiconductor Manufacturing Co. Ltd.

     1,238,000       21,695,462  
   

 

 

  
      37,977,062  
United Kingdom — 23.6%  

AstraZeneca PLC

     138,550       19,196,694  

BAE Systems PLC

     1,094,795       13,242,774  

Diageo PLC

     562,740       25,114,875  

Ferguson PLC

     116,861       15,450,386  

Prudential PLC

     1,363,945       18,674,625  

Reckitt Benckiser Group PLC

     341,909       26,011,573  

RELX PLC

     823,243       26,663,290  

Smith & Nephew PLC

     423,876       5,892,100  
   

 

 

  
        150,246,317  
United States(b)(e) — 8.5%  

Baker Hughes Co.

     666,749       19,242,376  

Otis Worldwide Corp.

     232,078       19,587,383  

Visa, Inc., Class A

     66,582       15,011,578  
   

 

 

  
      53,841,337  

Total Long-Term Investments — 97.6%
(Cost: $519,505,766)

 

     620,668,480  
   

 

 

  
Short-Term Securities        
Money Market Funds — 2.6%        

BlackRock Liquidity Funds, T-Fund, Institutional Class, 4.70%(f)(g)

    16,705,696       16,705,696  
   

 

 

  

Total Short-Term Securities — 2.6%
(Cost: $16,705,696)

 

     16,705,696  
   

 

 

  

Total Investments Before Options Written — 100.2%
(Cost: $536,211,462)

 

     637,374,176  
   

 

 

  

Options Written — (1.0)%
(Premiums Received: $(5,612,447))

 

     (6,786,820 ) 
   

 

 

  

Total Investments, Net of Options Written — 99.2%
(Cost: $530,599,015)

 

     630,587,356  

Other Assets Less Liabilities — 0.8%

 

     5,146,058  
   

 

 

  

Net Assets — 100.0%

 

   $   635,733,414  
   

 

 

  

 

(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) 

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

 

(c) 

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

 

(d) 

Restricted security as to resale, excluding 144A securities. The Trust held restricted securities with a current value of $629,841, representing 0.1% of its net assets as of period end, and an original cost of $3,948,600.

 

(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, 2023

   

BlackRock Enhanced International Dividend Trust (BGY)

 

Affiliates

Investments in issuers considered to be affiliate(s) of the Trust during the period ended March 31, 2023 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

 

Affiliated Issuer   Value at
12/31/22		     Purchases
at Cost		     Proceeds
from Sales		     Net
Realized
Gain (Loss)		     Change in
Unrealized
Appreciation
(Depreciation)		     Value at
03/31/23		     Shares
Held at
03/31/23		     Income     Capital Gain
Distributions
from
Underlying
Funds		  

BlackRock Liquidity Funds, T-Fund, Institutional Class

   $ 5,622,321     $ 11,083,375 (a)    $ —     $ —     $ —     $ 16,705,696       16,705,696     $ 53,610     $ —  
       

 

 

    

 

 

    

 

 

      

 

 

    

 

 

  

 

  (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

      37          04/06/23          USD       225.00          USD     834    $ (8,639 ) 

Otis Worldwide Corp.

      156          04/14/23          USD       84.75          USD     1,317      (20,431 ) 

Visa, Inc., Class A

      187          04/14/23          USD       224.47          USD     4,216      (78,310 ) 

Baker Hughes Co.

      1,000          04/21/23          USD       29.00          USD     2,886      (95,000 ) 

Otis Worldwide Corp.

      687          04/21/23          USD       84.60          USD     5,798      (104,919 ) 

TELUS Corp.

      1,999          04/21/23          CAD       27.00          CAD     5,363      (48,071 ) 

TELUS Corp.

      893          04/21/23          CAD       29.00          CAD     2,396      (2,643 ) 

Visa, Inc., Class A

      37          04/21/23          USD       230.00          USD     834      (8,473 ) 

Yum China Holdings, Inc.

      257          04/21/23          USD       62.50          USD     1,629      (60,395 ) 

Visa, Inc., Class A

      34          04/28/23          USD       225.00          USD     767      (23,035 ) 

Visa, Inc., Class A

      34          05/05/23          USD       225.01          USD     767      (25,068 ) 

Baker Hughes Co.

      1,000          05/19/23          USD       30.50          USD     2,886      (92,434 ) 

Otis Worldwide Corp.

      201          05/19/23          USD       82.50          USD     1,696      (85,425 ) 

TELUS Corp.

      1,116          05/19/23          CAD       28.00          CAD     2,994      (16,928 ) 

Visa, Inc., Class A

      37          05/19/23          USD       235.00          USD     834      (14,060 ) 

Yum China Holdings, Inc.

      197          05/19/23          USD       65.00          USD     1,249      (45,802 ) 

Baker Hughes Co.

      1,000          06/16/23          USD       29.00          USD     2,886      (187,500 ) 

TELUS Corp.

      1,739          06/16/23          CAD       27.00          CAD     4,666      (89,427 ) 
                        

 

 

  
                         $  (1,006,560 ) 
                        

 

 

  

OTC Options Written

 

Description    Counterparty    Number of
Contracts		      Expiration
Date		      Exercise Price     

Notional

Amount (000)

      Value  
Call                                                  

Budweiser Brewing Co. APAC Ltd.

    JPMorgan Chase Bank N.A.      527,000        04/04/23      HKD     24.42        HKD       12,622      $ (20,574 ) 

Diageo PLC

    Goldman Sachs International      69,500        04/04/23      GBP     36.60        GBP       2,512        (7,151 ) 

Ferguson PLC

    Morgan Stanley & Co. International PLC      39,100        04/04/23      GBP     123.29        GBP       4,164        —  

Prudential PLC

    Goldman Sachs International      154,100        04/04/23      GBP     12.93        GBP       1,698        —  

Reckitt Benckiser Group PLC

    JPMorgan Chase Bank N.A.      43,900        04/04/23      GBP     58.92        GBP       2,703        (145,430 ) 

United Overseas Bank Ltd.

    UBS AG      63,300        04/04/23      SGD     30.85        SGD       1,884        (704 ) 

Wal-Mart de Mexico SAB de CV

    Citibank N.A.      734,000        04/04/23      MXN     72.60        MXN       52,870        (20,425 ) 

Koninklijke KPN NV

    Royal Bank of Canada      937,100        04/05/23      EUR     3.29        EUR       3,051        (18,171 ) 

Novo Nordisk A/S, Class B

    Morgan Stanley & Co. International PLC      64,200        04/05/23      DKK     1,016.12        DKK       69,708        (655,536 ) 

Sanofi

    Morgan Stanley & Co. International PLC      18,600        04/05/23      EUR     90.47        EUR       1,864        (197,839 ) 

Shell PLC

    Royal Bank of Canada      70,600        04/05/23      EUR     29.42        EUR       1,870        (1 ) 

Zurich Insurance Group AG

    Morgan Stanley & Co. International PLC      5,300        04/05/23      CHF     449.95        CHF       2,320        (4,865 ) 

Epiroc AB, Class A

    Morgan Stanley & Co. International PLC      54,700        04/11/23      SEK     214.81        SEK       11,257        (4,117 ) 

KDDI Corp.

    JPMorgan Chase Bank N.A.      107,500        04/11/23      JPY     4,143.69        JPY       439,998        (19,603 ) 

Lonza Group AG

    JPMorgan Chase Bank N.A.      10,000        04/11/23      CHF     574.50        CHF       5,474        (10,260 ) 

RELX PLC

    Goldman Sachs International      27,700        04/11/23      EUR     29.41        EUR       825        (18,160 ) 

RELX PLC

    Morgan Stanley & Co. International PLC      62,300        04/11/23      EUR     28.68        EUR       1,856        (82,477 ) 

Wal-Mart de Mexico SAB de CV

    Citibank N.A.      734,100        04/11/23      MXN     73.31        MXN       52,877        (20,693 ) 

AstraZeneca PLC

    UBS AG      16,100        04/12/23      GBP     117.58        GBP       1,808        (3,139 ) 

 

 

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)

March 31, 2023

   

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)                                                    

Daiichi Sankyo Co. Ltd.

    Citibank N.A.      76,200        04/12/23        JPY       4,527.42        JPY       367,436      $ (201,001 ) 

DBS Group Holdings Ltd.

    Morgan Stanley & Co. International PLC      121,000        04/12/23        SGD       34.91        SGD       3,993        (41 ) 

MediaTek, Inc.

    Morgan Stanley & Co. International PLC      10,000        04/12/23        TWD       748.65        TWD       7,870        (14,155 ) 

United Overseas Bank Ltd.

    UBS AG      156,600        04/12/23        SGD       31.45        SGD       4,660        (3,906 ) 

Diageo PLC

    Morgan Stanley & Co. International PLC      92,200        04/13/23        GBP       36.09        GBP       3,332        (57,587 ) 

Ferguson PLC

    Goldman Sachs International      20,200        04/13/23        GBP       122.44        GBP       2,151        (8 ) 

Epiroc AB, Class A

    Goldman Sachs International      87,500        04/18/23        SEK       205.44        SEK       18,008        (40,499 ) 

KDDI Corp.

    BNP Paribas SA      108,100        04/18/23        JPY       4,009.95        JPY       442,453        (93,881 ) 

RELX PLC

    Goldman Sachs International      62,300        04/18/23        EUR       29.38        EUR       1,856        (49,249 ) 

RELX PLC

    Goldman Sachs International      27,700        04/18/23        EUR       29.41        EUR       825        (21,325 ) 

Epiroc AB, Class A

    Morgan Stanley & Co. International PLC      108,800        04/19/23        SEK       211.69        SEK       22,391        (25,516 ) 

EssilorLuxottica SA

    Goldman Sachs International      29,600        04/19/23        EUR       168.50        EUR       4,914        (72,864 ) 

RELX PLC

    Goldman Sachs International      85,500        04/19/23        EUR       29.05        EUR       2,547        (94,168 ) 

Prudential PLC

    Goldman Sachs International      183,300        04/24/23        GBP       14.13        GBP       2,020        (583 ) 

Epiroc AB, Class A

    Morgan Stanley & Co. International PLC      50,600        04/26/23        SEK       207.28        SEK       10,413        (24,846 ) 

Novo Nordisk A/S, Class B

    JPMorgan Chase Bank N.A.      14,900        04/26/23        DKK       1,055.50        DKK       16,178        (98,752 ) 

Shell PLC

    Morgan Stanley & Co. International PLC      70,000        04/26/23        EUR       29.94        EUR       1,854        (2,438 ) 

Taiwan Semiconductor Manufacturing Co. Ltd., ADR

    Morgan Stanley & Co. International PLC      94,000        04/26/23        TWD       547.05        TWD       50,102        (23,545 ) 

Air Liquide SA

    UBS AG      22,400        04/27/23        EUR       153.85        EUR       3,454        (70,059 ) 

Budweiser Brewing Co. APAC Ltd.

    JPMorgan Chase Bank N.A.      527,000        04/27/23        HKD       24.18        HKD       12,622        (82,251 ) 

Diageo PLC

    Goldman Sachs International      91,500        04/27/23        GBP       35.87        GBP       3,307        (100,083 ) 

Reckitt Benckiser Group PLC

    JPMorgan Chase Bank N.A.      75,700        04/27/23        GBP       60.39        GBP       4,662        (120,597 ) 

RELX PLC

    UBS AG      104,900        04/27/23        EUR       29.53        EUR       3,125        (58,034 ) 

Sanofi

    JPMorgan Chase Bank N.A.      69,500        04/27/23        EUR       91.73        EUR       6,967        (683,616 ) 

United Overseas Bank Ltd.

    JPMorgan Chase Bank N.A.      74,000        04/27/23        SGD       29.02        SGD       2,202        (66,893 ) 

Wal-Mart de Mexico SAB de CV

    Morgan Stanley & Co. International PLC      466,300        04/27/23        MXN       73.70        MXN       33,588        (28,992 ) 

Daiichi Sankyo Co. Ltd.

    Citibank N.A.      52,900        05/02/23        JPY       4,526.08        JPY       255,084        (164,637 ) 

Ferguson PLC

    Goldman Sachs International      7,000        05/02/23        GBP       114.12        GBP       746        (5,411 ) 

Industria de Diseno Textil SA

    UBS AG      142,100        05/02/23        EUR       30.39        EUR       4,391        (120,031 ) 

Koninklijke KPN NV

    Goldman Sachs International      1,067,400        05/02/23        EUR       3.27        EUR       3,475        (35,260 ) 

MTU Aero Engines AG

    Goldman Sachs International      23,700        05/02/23        EUR       236.77        EUR       5,465        (95,909 ) 

Prudential PLC

    UBS AG      90,400        05/09/23        GBP       11.33        GBP       996        (46,584 ) 

Taiwan Semiconductor Manufacturing Co. Ltd., ADR

    UBS AG      144,000        05/09/23        TWD       526.03        TWD       76,752        (99,845 ) 

Air Liquide SA

    Morgan Stanley & Co. International PLC      22,000        05/10/23        EUR       155.88        EUR       3,392        (70,762 ) 

DBS Group Holdings Ltd.

    JPMorgan Chase Bank N.A.      93,900        05/10/23        SGD       34.10        SGD       3,099        (8,914 ) 

Epiroc AB, Class A

    Morgan Stanley & Co. International PLC      117,600        05/10/23        SEK       201.03        SEK       24,202        (118,629 ) 

Kering SA

    Goldman Sachs International      6,500        05/10/23        EUR       600.90        EUR       3,900        (128,547 ) 

LVMH Moet Hennessy Louis Vuitton SE

    Morgan Stanley & Co. International PLC      11,500        05/10/23        EUR       847.98        EUR       9,711        (288,571 ) 

MediaTek, Inc.

    UBS AG      209,000        05/10/23        TWD       840.58        TWD       164,483        (108,956 ) 

Industria de Diseno Textil SA

    Morgan Stanley & Co. International PLC      142,100        05/16/23        EUR       30.33        EUR       4,391        (150,945 ) 

Lonza Group AG

    UBS AG      6,700        05/16/23        CHF       544.59        CHF       3,668        (138,073 ) 

Prudential PLC

    Goldman Sachs International      185,900        05/16/23        GBP       11.16        GBP       2,049        (124,687 ) 

Zurich Insurance Group AG

    Barclays Bank PLC      6,300        05/16/23        CHF       429.32        CHF       2,758        (27,705 ) 

Kering SA

    Barclays Bank PLC      6,000        05/17/23        EUR       589.93        EUR       3,600        (172,954 ) 

Taiwan Semiconductor Manufacturing Co. Ltd., ADR

    Goldman Sachs International      196,000        05/17/23        TWD       538.12        TWD       104,468        (118,511 ) 

AstraZeneca PLC

    Goldman Sachs International      46,200        05/18/23        GBP       114.83        GBP       5,189        (150,918 ) 

BAE Systems PLC

    Morgan Stanley & Co. International PLC      246,300        05/18/23        GBP       10.04        GBP       2,420        (73,300 ) 

Budweiser Brewing Co. APAC Ltd.

    JPMorgan Chase Bank N.A.      751,100        05/18/23        HKD       25.41        HKD       17,989        (82,347 ) 

Koninklijke KPN NV

    JPMorgan Chase Bank N.A.      372,900        05/18/23        EUR       3.27        EUR       1,214        (15,982 ) 

Smith & Nephew PLC

    UBS AG      95,300        05/18/23        GBP       11.35        GBP       1,069        (44,155 ) 

BAE Systems PLC

    Morgan Stanley & Co. International PLC      246,300        05/23/23        GBP       10.04        GBP       2,420        (77,666 ) 

Smith & Nephew PLC

    UBS AG      95,300        05/23/23        GBP       11.35        GBP       1,069        (46,927 ) 
                     

 

 

  
                      $  (5,780,260 ) 
                     

 

 

  

 

 

3

Schedule of Investments (unaudited) (continued)

March 31, 2023

   

BlackRock Enhanced International Dividend Trust (BGY)

 

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

                  

Canada

    $ 20,744,206        $ —        $ —        $ 20,744,206  

China

      6,397,509          12,208,306          —          18,605,815  

Denmark

      —          27,889,013          —          27,889,013  

France

      —          99,426,573          —          99,426,573  

Germany

      —          13,168,365          —          13,168,365  

India

      —          17,504,968          629,841          18,134,809  

Indonesia

      —          12,448,701          —          12,448,701  

Japan

      —          22,550,746          —          22,550,746  

Mexico

      17,182,705          —          —          17,182,705  

Netherlands

      —          27,620,526          —          27,620,526  

Singapore

      —          26,517,398          —          26,517,398  

Spain

      —          21,222,184          —          21,222,184  

Sweden

      —          18,493,384          —          18,493,384  

Switzerland

      —          34,599,339          —          34,599,339  

Taiwan

      —          37,977,062          —          37,977,062  

United Kingdom

      —          150,246,317          —          150,246,317  

United States

      53,841,337          —          —          53,841,337  

Short-Term Securities

                  

Money Market Funds

      16,705,696          —          —          16,705,696  
  

 

 

       

 

 

       

 

 

       

 

 

  
   $ 114,871,453        $ 521,872,882        $ 629,841        $ 637,374,176  
  

 

 

       

 

 

       

 

 

       

 

 

  

Derivative Financial Instruments(a)

                 

Liabilities

                  

Equity Contracts

    $ (685,398 )       $ (6,101,422 )       $ —        $ (6,786,820 ) 
  

 

 

       

 

 

       

 

 

       

 

 

  

 

  (a) 

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

 

 

Currency Abbreviation
CAD   Canadian Dollar
CHF   Swiss Franc
Currency Abbreviation (continued)
DKK   Danish Krone
EUR   Euro
 

 

 

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)

March 31, 2023

   

BlackRock Enhanced International Dividend Trust (BGY)

 

Currency Abbreviation (continued)
GBP   British Pound
HKD   Hong Kong Dollar
JPY   Japanese Yen
MXN   Mexican Peso
SEK   Swedish Krona
SGD   Singapore Dollar
TWD   New Taiwan Dollar
USD   United States Dollar
Portfolio Abbreviation
ADR   American Depositary Receipt
SAB   Special Assessment Bonds

    

 

 

 

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