| | |
Schedule of Investments (unaudited) March 31, 2020 | | BlackRock Enhanced Capital and Income Fund (CII) (Percentages shown are based on Net Assets) |
| | | | | | | | |
| Security | | Shares | | | Value | |
|
Common Stocks— 99.9% | |
|
| Aerospace & Defense— 1.5% | |
BAE Systems PLC, ADR | | | 368,457 | | | $ | 9,414,076 | |
| | | | | | | | |
|
| Automobiles— 0.9% | |
General Motors Co. | | | 278,867 | | | | 5,794,856 | |
| | | | | | | | |
|
| Banks— 5.8% | |
Bank of America Corp.(a) | | | 531,370 | | | | 11,280,985 | |
JPMorgan Chase & Co. | | | 156,887 | | | | 14,124,537 | |
Truist Financial Corp. | | | 99,120 | | | | 3,056,861 | |
U.S. Bancorp | | | 216,300 | | | | 7,451,535 | |
| | | | | | | | |
| | | | | | | 35,913,918 | |
|
| Beverages— 0.9% | |
Molson Coors Beverage Co., Class B | | | 134,787 | | | | 5,258,041 | |
| | | | | | | | |
|
| Biotechnology— 1.8% | |
Biogen, Inc.(b) | | | 35,885 | | | | 11,353,296 | |
| | | | | | | | |
|
| Capital Markets— 1.5% | |
E*Trade Financial Corp. | | | 121,202 | | | | 4,159,652 | |
Raymond James Financial, Inc. | | | 79,919 | | | | 5,050,881 | |
| | | | | | | | |
| | | | | | | 9,210,533 | |
|
| Chemicals— 1.9% | |
Corteva, Inc.(b) | | | 501,730 | | | | 11,790,655 | |
| | | | | | | | |
|
| Communications Equipment— 2.6% | |
Cisco Systems, Inc. | | | 400,605 | | | | 15,747,783 | |
| | | | | | | | |
|
| Construction & Engineering— 1.7% | |
Quanta Services, Inc. | | | 336,136 | | | | 10,665,595 | |
| | | | | | | | |
|
| Consumer Finance— 0.8% | |
Ally Financial, Inc. | | | 329,892 | | | | 4,760,342 | |
| | | | | | | | |
|
| Diversified Telecommunication Services— 2.7% | |
Verizon Communications, Inc. | | | 303,319 | | | | 16,297,330 | |
| | | | | | | | |
|
| Electrical Equipment— 1.4% | |
Hubbell, Inc. | | | 72,430 | | | | 8,310,618 | |
| | | | | | | | |
|
| Food & Staples Retailing— 2.3% | |
Walmart, Inc. | | | 124,972 | | | | 14,199,319 | |
| | | | | | | | |
|
| Health Care Equipment & Supplies— 1.5% | |
Koninklijke Philips NV | | | 231,013 | | | | 9,277,482 | |
| | | | | | | | |
|
| Health Care Providers & Services— 5.7% | |
Anthem, Inc. | | | 35,433 | | | | 8,044,708 | |
Laboratory Corp. of America Holdings(b) | | | 99,837 | | | | 12,618,399 | |
UnitedHealth Group, Inc. | | | 58,671 | | | | 14,631,374 | |
| | | | | | | | |
| | | | | | | 35,294,481 | |
|
| Household Durables— 2.1% | |
D.R. Horton, Inc. | | | 134,012 | | | | 4,556,408 | |
| | | | | | | | |
| Security | | Shares | | | Value | |
|
| Household Durables (continued) | |
| | |
| Sony Corp. — ADR | | 139,976 | | | $8,283,780 | |
| | | | | | | | |
| | | | | | | 12,840,188 | |
|
| Independent Power and Renewable Electricity Producers— 1.4% | |
AES Corp. | | | 648,794 | | | | 8,823,598 | |
| | | | | | | | |
|
| Insurance— 0.4% | |
Assured Guaranty Ltd. | | | 98,202 | | | | 2,532,630 | |
| | | | | | | | |
|
| Interactive Media & Services— 9.1% | |
Alphabet, Inc., Class A(a)(b) | | | 29,488 | | | | 34,263,581 | |
Facebook, Inc., Class A(b) | | | 132,486 | | | | 22,098,665 | |
| | | | | | | | |
| | | | | | | 56,362,246 | |
|
| Internet & Direct Marketing Retail— 6.0% | |
Alibaba Group Holding Ltd. — ADR(b) | | | 64,409 | | | | 12,526,262 | |
Amazon.com, Inc.(b) | | | 11,818 | | | | 23,041,791 | |
Booking Holdings, Inc.(b) | | | 1,055 | | | | 1,419,313 | |
| | | | | | | | |
| | | | | | | 36,987,366 | |
|
| IT Services— 4.3% | |
Cognizant Technology Solutions Corp., Class A | | | 232,587 | | | | 10,808,318 | |
Visa, Inc., Class A | | | 97,551 | | | | 15,717,417 | |
| | | | | | | | |
| | | | | | | 26,525,735 | |
|
| Machinery— 1.4% | |
Fortive Corp. | | | 150,833 | | | | 8,324,473 | |
| | | | | | | | |
|
| Media— 3.6% | |
Comcast Corp., Class A | | | 491,233 | | | | 16,888,591 | |
Fox Corp., Class A | | | 221,050 | | | | 5,223,411 | |
| | | | | | | | |
| | | | | | | 22,112,002 | |
|
| Multiline Retail— 4.1% | |
Dollar General Corp. | | | 83,545 | | | | 12,616,130 | |
Dollar Tree, Inc.(b) | | | 169,189 | | | | 12,430,316 | |
| | | | | | | | |
| | | | | | | 25,046,446 | |
|
| Oil, Gas & Consumable Fuels— 3.4% | |
BP PLC — ADR | | | 299,399 | | | | 7,302,342 | |
Chevron Corp. | | | 109,563 | | | | 7,938,935 | |
ConocoPhillips | | | 185,175 | | | | 5,703,390 | |
| | | | | | | | |
| | | | | | | 20,944,667 | |
|
| Personal Products— 2.0% | |
Unilever NV — NY Shares | | | 258,156 | | | | 12,595,431 | |
| | | | | | | | |
|
| Pharmaceuticals— 5.6% | |
Novo Nordisk A/S — ADR | | | 159,692 | | | | 9,613,458 | |
Pfizer, Inc. | | | 421,267 | | | | 13,750,155 | |
| | |
Schedule of Investments (unaudited) (continued) March 31, 2020 | | BlackRock Enhanced Capital and Income Fund (CII) (Percentages shown are based on Net Assets) |
| | | | | | | | |
| Security | | Shares | | | Value | |
|
| Pharmaceuticals (continued) | |
Sanofi — ADR | | | 254,898 | | | $ | 11,144,141 | |
| | | | | | | | |
| | | | | | | 34,507,754 | |
|
| Professional Services— 0.7% | |
Robert Half International, Inc. | | | 111,687 | | | | 4,216,184 | |
| | | | | | | | |
|
| Road & Rail— 0.8% | |
Norfolk Southern Corp. | | | 34,880 | | | | 5,092,480 | |
| | | | | | | | |
|
| Semiconductors & Semiconductor Equipment— 1.8% | |
Taiwan Semiconductor Manufacturing Co. Ltd. — ADR | | | 233,189 | | | | 11,144,102 | |
| | | | | | | | |
|
| Software— 8.3% | |
CDK Global, Inc. | | | 194,477 | | | | 6,388,569 | |
Microsoft Corp.(a) | | | 284,745 | | | | 44,907,134 | |
| | | | | | | | |
| | | | | | | 51,295,703 | |
|
| Specialty Retail— 2.9% | |
Lowe’s Cos., Inc. | | | 113,546 | | | | 9,770,634 | |
O’Reilly Automotive, Inc.(b) | | | 23,626 | | | | 7,112,607 | |
| | | | | | | | |
| Security | | Shares | | | Value | |
|
| Specialty Retail (continued) | |
Ross Stores, Inc. | | | 9,167 | | | $ | 797,254 | |
| | | | | | | | |
| | | | | | | 17,680,495 | |
|
| Technology Hardware, Storage & Peripherals— 6.2% | |
Apple, Inc.(c) | | | 149,575 | | | | 38,035,427 | |
| | | | | | | | |
|
| Textiles, Apparel & Luxury Goods— 0.4% | |
Skechers U.S.A., Inc., Class A(b) | | | 113,879 | | | | 2,703,488 | |
| | | | | | | | |
|
| Tobacco— 2.3% | |
Altria Group, Inc.(a) | | | 370,620 | | | | 14,331,875 | |
| | | | | | | | |
|
| Trading Companies & Distributors— 0.1% | |
United Rentals, Inc.(b) | | | 6,187 | | | | 636,643 | |
| | | | | | | | |
| |
Total Long-Term Investments— 99.9%
(Cost— $576,757,038) | | | | 616,027,258 | |
| | | | | | | | |
|
Short-Term Securities— 3.0% | |
BlackRock Liquidity Funds,T-Fund, Institutional Class, 0.21%(d)(e) | | | 18,292,864 | | | | 18,292,864 | |
| | | | | | | | |
| |
Total Short-Term Securities— 3.0%
(Cost— $18,292,864) | | | | 18,292,864 | |
| | | | | | | | |
| |
Total Investments Before Options Written— 102.9%
(Cost— $595,049,902) | | | | 634,320,122 | |
| | | | | | | | |
| |
Options Written— (1.8)%
(Premiums Received— $11,418,762) | | | | (11,190,411 | ) |
| | | | | | | | |
| |
Total Investments, Net of Options Written— 101.1%
(Cost— $583,631,140) | | | | 623,129,711 | |
| |
Liabilities in Excess of Other Assets— (1.1)% | | | | (6,621,122 | ) |
| | | | | | | | |
| |
Net Assets— 100.0% | | | $ | 616,508,589 | |
| | | | | | | | |
| (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) | Annualized7-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 | | | 4,423,595 | | | | 13,869,269 | (b) | | | — | | | | 18,292,864 | | | $ | 18,292,864 | | | $ | 16,597 | | | $ | — | | | $ | — | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | (a) | Includes net capital gain distributions, if applicable. | |
| | (b) | Represents net shares purchased (sold). | |
| | |
Schedule of Investments (unaudited) (continued) March 31, 2020 | | BlackRock Enhanced Capital and Income Fund (CII) |
For Trust compliance purposes, the Trust’s industry classifications refer to one or more of the industrysub-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 industrysub-classifications for reporting ease.
Portfolio Abbreviations
ADR — American Depositary Receipts
Exchange-Traded Options Written
| | | | | | | | | | | | | | | | | | | | | | | | |
| Description | | Number of
Contracts | | | Expiration
Date | | | Exercise
Price | | | Notional
Amount (000) | | | Value | |
Call | |
Sanofi — ADR | | | 49 | | | | 04/01/20 | | | USD | | | 51.00 | | | USD | | | 214 | | | $ | — | |
Alibaba Group Holding Ltd. — ADR | | | 8 | | | | 04/03/20 | | | USD | | | 225.00 | | | USD | | | 156 | | | | (40 | ) |
Altria Group, Inc. | | | 309 | | | | 04/03/20 | | | USD | | | 46.00 | | | USD | | | 1,195 | | | | (2,782 | ) |
Anthem, Inc. | | | 37 | | | | 04/03/20 | | | USD | | | 280.00 | | | USD | | | 840 | | | | (12,950 | ) |
Anthem, Inc. | | | 37 | | | | 04/03/20 | | | USD | | | 310.00 | | | USD | | | 840 | | | | (740 | ) |
Apple, Inc. | | | 193 | | | | 04/03/20 | | | USD | | | 310.00 | | | USD | | | 4,908 | | | | (193 | ) |
Bank of America Corp. | | | 585 | | | | 04/03/20 | | | USD | | | 35.50 | | | USD | | | 1,242 | | | | (584 | ) |
Biogen, Inc. | | | 110 | | | | 04/03/20 | | | USD | | | 325.00 | | | USD | | | 3,480 | | | | (29,700 | ) |
Chevron Corp. | | | 133 | | | | 04/03/20 | | | USD | | | 112.00 | | | USD | | | 964 | | | | (1,195 | ) |
Cisco Systems, Inc. | | | 108 | | | | 04/03/20 | | | USD | | | 48.50 | | | USD | | | 425 | | | | (755 | ) |
Cisco Systems, Inc. | | | 80 | | | | 04/03/20 | | | USD | | | 46.50 | | | USD | | | 314 | | | | (400 | ) |
ConocoPhillips | | | 93 | | | | 04/03/20 | | | USD | | | 60.00 | | | USD | | | 286 | | | | (91 | ) |
D.R. Horton, Inc. | | | 435 | | | | 04/03/20 | | | USD | | | 63.50 | | | USD | | | 1,479 | | | | (141,375 | ) |
General Motors Co. | | | 178 | | | | 04/03/20 | | | USD | | | 36.50 | | | USD | | | 370 | | | | (5,162 | ) |
JPMorgan Chase & Co. | | | 88 | | | | 04/03/20 | | | USD | | | 141.00 | | | USD | | | 792 | | | | (2,640 | ) |
Lowe’s Cos., Inc. | | | 126 | | | | 04/03/20 | | | USD | | | 113.00 | | | USD | | | 1,084 | | | | (1,890 | ) |
Pfizer, Inc. | | | 137 | | | | 04/03/20 | | | USD | | | 37.00 | | | USD | | | 447 | | | | (1,094 | ) |
Pfizer, Inc. | | | 383 | | | | 04/03/20 | | | USD | | | 38.75 | | | USD | | | 1,250 | | | | — | |
Skechers U.S.A., Inc., Class A | | | 131 | | | | 04/03/20 | | | USD | | | 40.00 | | | USD | | | 311 | | | | (4,585 | ) |
Sony Corp. — ADR | | | 159 | | | | 04/03/20 | | | USD | | | 67.00 | | | USD | | | 941 | | | | (3,975 | ) |
Corteva, Inc. | | | 198 | | | | 04/07/20 | | | USD | | | 31.82 | | | USD | | | 465 | | | | (10 | ) |
Corteva, Inc. | | | 229 | | | | 04/07/20 | | | USD | | | 30.75 | | | USD | | | 538 | | | | (41 | ) |
Alibaba Group Holding Ltd. — ADR | | | 128 | | | | 04/09/20 | | | USD | | | 212.50 | | | USD | | | 2,489 | | | | (3,072 | ) |
Altria Group, Inc. | | | 149 | | | | 04/09/20 | | | USD | | | 43.50 | | | USD | | | 576 | | | | (23,542 | ) |
Amazon.com, Inc. | | | 11 | | | | 04/09/20 | | | USD | | | 1,950.00 | | | USD | | | 2,145 | | | | (51,259 | ) |
Anthem, Inc. | | | 74 | | | | 04/09/20 | | | USD | | | 300.00 | | | USD | | | 1,680 | | | | (27,010 | ) |
BP PLC — ADR | | | 184 | | | | 04/09/20 | | | USD | | | 33.00 | | | USD | | | 449 | | | | (3,679 | ) |
Bank of America Corp. | | | 322 | | | | 04/09/20 | | | USD | | | 28.00 | | | USD | | | 684 | | | | (482 | ) |
Booking Holdings, Inc. | | | 3 | | | | 04/09/20 | | | USD | | | 1,450.00 | | | USD | | | 404 | | | | (5,025 | ) |
Chevron Corp. | | | 39 | | | | 04/09/20 | | | USD | | | 100.00 | | | USD | | | 283 | | | | (4,523 | ) |
Cisco Systems, Inc. | | | 26 | | | | 04/09/20 | | | USD | | | 44.50 | | | USD | | | 102 | | | | (117 | ) |
ConocoPhillips | | | 285 | | | | 04/09/20 | | | USD | | | 51.00 | | | USD | | | 878 | | | | (1,426 | ) |
D.R. Horton, Inc. | | | 286 | | | | 04/09/20 | | | USD | | | 60.00 | | | USD | | | 972 | | | | (122,981 | ) |
General Motors Co. | | | 334 | | | | 04/09/20 | | | USD | | | 31.00 | | | USD | | | 694 | | | | (3,340 | ) |
JPMorgan Chase & Co. | | | 81 | | | | 04/09/20 | | | USD | | | 129.00 | | | USD | | | 729 | | | | (971 | ) |
Lowe’s Cos., Inc. | | | 126 | | | | 04/09/20 | | | USD | | | 113.00 | | | USD | | | 1,084 | | | | (29,735 | ) |
Microsoft Corp. | | | 179 | | | | 04/09/20 | | | USD | | | 170.00 | | | USD | | | 2,823 | | | | (20,138 | ) |
Norfolk Southern Corp. | | | 126 | | | | 04/09/20 | | | USD | | | 137.00 | | | USD | | | 1,840 | | | | (152,460 | ) |
Pfizer, Inc. | | | 416 | | | | 04/09/20 | | | USD | | | 37.00 | | | USD | | | 1,358 | | | | (1,664 | ) |
Skechers U.S.A., Inc., Class A | | | 222 | | | | 04/09/20 | | | USD | | | 23.50 | | | USD | | | 527 | | | | (26,640 | ) |
| | |
Schedule of Investments (unaudited) (continued) March 31, 2020 | | BlackRock Enhanced Capital and Income Fund (CII) |
Exchange-Traded Options Written (continued)
| | | | | | | | | | | | | | | | | | | | | | | | |
| Description | | Number of
Contracts | | | Expiration
Date | | | Exercise
Price | | | Notional
Amount (000) | | | Value | |
Call (continued) | |
Sony Corp. — ADR | | | 227 | | | | 04/09/20 | | | USD | | | 66.00 | | | USD | | | 1,343 | | | $ | (5,675 | ) |
Taiwan Semiconductor Manufacturing Co. Ltd. — ADR | | | 202 | | | | 04/09/20 | | | USD | | | 52.00 | | | USD | | | 965 | | | | (5,050 | ) |
U.S. Bancorp | | | 287 | | | | 04/09/20 | | | USD | | | 44.50 | | | USD | | | 989 | | | | (5,167 | ) |
UnitedHealth Group, Inc. | | | 135 | | | | 04/09/20 | | | USD | | | 285.00 | | | USD | | | 3,367 | | | | (9,044 | ) |
Verizon Communications, Inc. | | | 65 | | | | 04/09/20 | | | USD | | | 58.00 | | | USD | | | 349 | | | | (1,300 | ) |
Verizon Communications, Inc. | | | 180 | | | | 04/09/20 | | | USD | | | 57.32 | | | USD | | | 967 | | | | (2,062 | ) |
Visa, Inc., Class A | | | 47 | | | | 04/09/20 | | | USD | | | 150.00 | | | USD | | | 757 | | | | (65,800 | ) |
Walmart, Inc. | | | 112 | | | | 04/09/20 | | | USD | | | 118.00 | | | USD | | | 1,273 | | | | (10,136 | ) |
AES Corp. | | | 1,147 | | | | 04/17/20 | | | USD | | | 20.00 | | | USD | | | 1,560 | | | | (22,941 | ) |
AES Corp. | | | 1,081 | | | | 04/17/20 | | | USD | | | 13.00 | | | USD | | | 1,470 | | | | (124,315 | ) |
Alibaba Group Holding Ltd. — ADR | | | 26 | | | | 04/17/20 | | | USD | | | 225.00 | | | USD | | | 506 | | | | (390 | ) |
Ally Financial, Inc. | | | 2,045 | | | | 04/17/20 | | | USD | | | 19.00 | | | USD | | | 2,951 | | | | (35,788 | ) |
Alphabet, Inc., Class A | | | 11 | | | | 04/17/20 | | | USD | | | 1,280.00 | | | USD | | | 1,278 | | | | (5,995 | ) |
Alphabet, Inc., Class A | | | 69 | | | | 04/17/20 | | | USD | | | 1,190.00 | | | USD | | | 8,017 | | | | (213,900 | ) |
Altria Group, Inc. | | | 149 | | | | 04/17/20 | | | USD | | | 45.00 | | | USD | | | 576 | | | | (745 | ) |
Altria Group, Inc. | | | 1,341 | | | | 04/17/20 | | | USD | | | 40.00 | | | USD | | | 5,186 | | | | (124,042 | ) |
Amazon.com, Inc. | | | 32 | | | | 04/17/20 | | | USD | | | 1,950.00 | | | USD | | | 6,239 | | | | (214,400 | ) |
Amazon.com, Inc. | | | 22 | | | | 04/17/20 | | | USD | | | 2,030.00 | | | USD | | | 4,289 | | | | (65,560 | ) |
Anthem, Inc. | | | 71 | | | | 04/17/20 | | | USD | | | 230.00 | | | USD | | | 1,612 | | | | (81,650 | ) |
Apple, Inc. | | | 356 | | | | 04/17/20 | | | USD | | | 275.00 | | | USD | | | 9,053 | | | | (105,910 | ) |
Apple, Inc. | | | 30 | | | | 04/17/20 | | | USD | | | 270.00 | | | USD | | | 763 | | | | (12,900 | ) |
Assured Guaranty Ltd. | | | 43 | | | | 04/17/20 | | | USD | | | 47.00 | | | USD | | | 111 | | | | (1,420 | ) |
Assured Guaranty Ltd. | | | 288 | | | | 04/17/20 | | | USD | | | 43.00 | | | USD | | | 743 | | | | (10,656 | ) |
Assured Guaranty Ltd. | | | 277 | | | | 04/17/20 | | | USD | | | 25.00 | | | USD | | | 714 | | | | (68,281 | ) |
BP PLC — ADR | | | 98 | | | | 04/17/20 | | | USD | | | 39.00 | | | USD | | | 239 | | | | (147 | ) |
BP PLC — ADR | | | 205 | | | | 04/17/20 | | | USD | | | 37.00 | | | USD | | | 500 | | | | (1,025 | ) |
BP PLC — ADR | | | 197 | | | | 04/17/20 | | | USD | | | 24.00 | | | USD | | | 480 | | | | (34,475 | ) |
Bank of America Corp. | | | 525 | | | | 04/17/20 | | | USD | | | 35.00 | | | USD | | | 1,115 | | | | (526 | ) |
Bank of America Corp. | | | 146 | | | | 04/17/20 | | | USD | | | 23.00 | | | USD | | | 310 | | | | (7,301 | ) |
Biogen, Inc. | | | 114 | | | | 04/17/20 | | | USD | | | 330.00 | | | USD | | | 3,607 | | | | (79,230 | ) |
Booking Holdings, Inc. | | | 3 | | | | 04/17/20 | | | USD | | | 1,500.00 | | | USD | | | 404 | | | | (4,379 | ) |
CDK Global, Inc. | | | 702 | | | | 04/17/20 | | | USD | | | 50.00 | | | USD | | | 2,306 | | | | (87,750 | ) |
Chevron Corp. | | | 213 | | | | 04/17/20 | | | USD | | | 65.00 | | | USD | | | 1,543 | | | | (193,831 | ) |
Chevron Corp. | | | 132 | | | | 04/17/20 | | | USD | | | 112.01 | | | USD | | | 956 | | | | (837 | ) |
Cisco Systems, Inc. | | | 161 | | | | 04/17/20 | | | USD | | | 47.50 | | | USD | | | 633 | | | | (483 | ) |
Cisco Systems, Inc. | | | 269 | | | | 04/17/20 | | | USD | | | 42.50 | | | USD | | | 1,057 | | | | (10,626 | ) |
Cognizant Technology Solutions Corp., Class A | | | 58 | | | | 04/17/20 | | | USD | | | 72.50 | | | USD | | | 270 | | | | (1,160 | ) |
Cognizant Technology Solutions Corp., Class A | | | 92 | | | | 04/17/20 | | | USD | | | 70.00 | | | USD | | | 428 | | | | (1,840 | ) |
Cognizant Technology Solutions Corp., Class A | | | 103 | | | | 04/17/20 | | | USD | | | 50.00 | | | USD | | | 479 | | | | (8,498 | ) |
Comcast Corp., Class A | | | 156 | | | | 04/17/20 | | | USD | | | 47.50 | | | USD | | | 536 | | | | (780 | ) |
Comcast Corp., Class A | | | 44 | | | | 04/17/20 | | | USD | | | 42.50 | | | USD | | | 151 | | | | (3,080 | ) |
Comcast Corp., Class A | | | 143 | | | | 04/17/20 | | | USD | | | 40.00 | | | USD | | | 492 | | | | (1,430 | ) |
Comcast Corp., Class A | | | 83 | | | | 04/17/20 | | | USD | | | 35.00 | | | USD | | | 285 | | | | (16,559 | ) |
ConocoPhillips | | | 75 | | | | 04/17/20 | | | USD | | | 62.50 | | | USD | | | 231 | | | | (974 | ) |
ConocoPhillips | | | 93 | | | | 04/17/20 | | | USD | | | 29.00 | | | USD | | | 286 | | | | (30,690 | ) |
Corteva, Inc. | | | 396 | | | | 04/17/20 | | | USD | | | 29.00 | | | USD | | | 931 | | | | (4,950 | ) |
Corteva, Inc. | | | 276 | | | | 04/17/20 | | | USD | | | 26.00 | | | USD | | | 649 | | | | (12,420 | ) |
Corteva, Inc. | | | 388 | | | | 04/17/20 | | | USD | | | 25.00 | | | USD | | | 912 | | | | (32,979 | ) |
Dollar General Corp. | | | 4 | | | | 04/17/20 | | | USD | | | 160.00 | | | USD | | | 60 | | | | (700 | ) |
Dollar Tree, Inc. | | | 332 | | | | 04/17/20 | | | USD | | | 85.00 | | | USD | | | 2,439 | | | | (28,220 | ) |
E*Trade Financial Corp. | | | 553 | | | | 04/17/20 | | | USD | | | 55.00 | | | USD | | | 1,898 | | | | (1,383 | ) |
E*Trade Financial Corp. | | | 198 | | | | 04/17/20 | | | USD | | | 35.00 | | | USD | | | 680 | | | | (54,350 | ) |
| | |
Schedule of Investments (unaudited) (continued) March 31, 2020 | | BlackRock Enhanced Capital and Income Fund (CII) |
Exchange-Traded Options Written (continued)
| | | | | | | | | | | | | | | | | | | | | | | | |
| Description | | Number of
Contracts | | | Expiration
Date | | | Exercise
Price | | | Notional
Amount (000) | | | Value | |
Call (continued) | |
Facebook, Inc., Class A | | | 120 | | | | 04/17/20 | | | USD | | | 215.00 | | | USD | | | 2,002 | | | $ | (540 | ) |
Facebook, Inc., Class A | | | 51 | | | | 04/17/20 | | | USD | | | 177.50 | | | USD | | | 851 | | | | (13,133 | ) |
Fortive Corp. | | | 213 | | | | 04/17/20 | | | USD | | | 70.00 | | | USD | | | 1,176 | | | | (10,650 | ) |
Fortive Corp. | | | 314 | | | | 04/17/20 | | | USD | | | 50.00 | | | USD | | | 1,733 | | | | (199,389 | ) |
Fox Corp., Class A | | | 773 | | | | 04/17/20 | | | USD | | | 26.00 | | | USD | | | 1,827 | | | | (69,570 | ) |
General Motors Co. | | | 185 | | | | 04/17/20 | | | USD | | | 34.00 | | | USD | | | 384 | | | | (1,850 | ) |
General Motors Co. | | | 260 | | | | 04/17/20 | | | USD | | | 26.00 | | | USD | | | 540 | | | | (5,590 | ) |
General Motors Co. | | | 505 | | | | 04/17/20 | | | USD | | | 23.00 | | | USD | | | 1,049 | | | | (39,642 | ) |
Hubbell, Inc. | | | 9 | | | | 04/17/20 | | | USD | | | 110.00 | | | USD | | | 103 | | | | (5,895 | ) |
Hubbell, Inc. | | | 77 | | | | 04/17/20 | | | USD | | | 120.00 | | | USD | | | 883 | | | | (38,693 | ) |
JPMorgan Chase & Co. | | | 81 | | | | 04/17/20 | | | USD | | | 130.00 | | | USD | | | 729 | | | | (243 | ) |
Koninklijke Philips NV | | | 487 | | | | 04/17/20 | | | USD | | | 40.00 | | | USD | | | 1,956 | | | | (92,530 | ) |
Koninklijke Philips NV | | | 232 | | | | 04/17/20 | | | USD | | | 47.20 | | | USD | | | 932 | | | | (2,049 | ) |
Koninklijke Philips NV | | | 71 | | | | 04/17/20 | | | USD | | | 48.65 | | | USD | | | 285 | | | | (455 | ) |
Laboratory Corp. of America Holdings | | | 26 | | | | 04/17/20 | | | USD | | | 120.00 | | | USD | | | 329 | | | | (24,960 | ) |
Lowe’s Cos., Inc. | | | 165 | | | | 04/17/20 | | | USD | | | 105.00 | | | USD | | | 1,420 | | | | (15,675 | ) |
Lowe’s Cos., Inc. | | | 153 | | | | 04/17/20 | | | USD | | | 120.00 | | | USD | | | 1,317 | | | | (3,366 | ) |
Microsoft Corp. | | | 256 | | | | 04/17/20 | | | USD | | | 170.00 | | | USD | | | 4,037 | | | | (52,480 | ) |
Microsoft Corp. | | | 376 | | | | 04/17/20 | | | USD | | | 160.00 | | | USD | | | 5,930 | | | | (228,420 | ) |
Microsoft Corp. | | | 346 | | | | 04/17/20 | | | USD | | | 144.00 | | | USD | | | 5,457 | | | | (586,470 | ) |
Molson Coors Beverage Co., Class B | | | 92 | | | | 04/17/20 | | | USD | | | 57.50 | | | USD | | | 359 | | | | (1,840 | ) |
Molson Coors Brewing Co. | | | 66 | | | | 04/17/20 | | | USD | | | 39.00 | | | USD | | | 257 | | | | (10,065 | ) |
Norfolk Southern Corp. | | | 45 | | | | 04/17/20 | | | USD | | | 155.00 | | | USD | | | 657 | | | | (16,988 | ) |
Norfolk Southern Corp. | | | 45 | | | | 04/17/20 | | | USD | | | 160.00 | | | USD | | | 657 | | | | (12,713 | ) |
Novo Nordisk A/S — ADR | | | 291 | | | | 04/17/20 | | | USD | | | 57.50 | | | USD | | | 1,752 | | | | (109,125 | ) |
O’Reilly Automotive, Inc. | | | 55 | | | | 04/17/20 | | | USD | | | 300.00 | | | USD | | | 1,656 | | | | (103,125 | ) |
O’Reilly Automotive, Inc. | | | 91 | | | | 04/17/20 | | | USD | | | 400.00 | | | USD | | | 2,740 | | | | (5,915 | ) |
Pfizer, Inc. | | | 383 | | | | 04/17/20 | | | USD | | | 39.00 | | | USD | | | 1,250 | | | | (958 | ) |
Pfizer, Inc. | | | 137 | | | | 04/17/20 | | | USD | | | 37.00 | | | USD | | | 447 | | | | (891 | ) |
Pfizer, Inc. | | | 449 | | | | 04/17/20 | | | USD | | | 34.00 | | | USD | | | 1,466 | | | | (18,185 | ) |
Quanta Services, Inc. | | | 245 | | | | 04/17/20 | | | USD | | | 28.00 | | | USD | | | 777 | | | | (85,750 | ) |
Raymond James Financial, Inc. | | | 20 | | | | 04/17/20 | | | USD | | | 97.50 | | | USD | | | 126 | | | | (9,000 | ) |
Raymond James Financial, Inc. | | | 17 | | | | 04/17/20 | | | USD | | | 102.41 | | | USD | | | 107 | | | | (7 | ) |
Robert Half International, Inc. | | | 428 | | | | 04/17/20 | | | USD | | | 45.00 | | | USD | | | 1,616 | | | | (18,190 | ) |
Ross Stores, Inc. | | | 56 | | | | 04/17/20 | | | USD | | | 90.00 | | | USD | | | 487 | | | | (15,260 | ) |
Sanofi — ADR | | | 243 | | | | 04/17/20 | | | USD | | | 50.00 | | | USD | | | 1,062 | | | | (3,038 | ) |
Sanofi — ADR | | | 338 | | | | 04/17/20 | | | USD | | | 45.00 | | | USD | | | 1,478 | | | | (38,025 | ) |
Sanofi — ADR | | | 615 | | | | 04/17/20 | | | USD | | | 44.00 | | | USD | | | 2,689 | | | | (138,376 | ) |
Skechers U.S.A., Inc., Class A | | | 131 | | | | 04/17/20 | | | USD | | | 40.00 | | | USD | | | 311 | | | | (5,895 | ) |
Sony Corp. — ADR | | | 201 | | | | 04/17/20 | | | USD | | | 70.00 | | | USD | | | 1,190 | | | | (3,015 | ) |
Sony Corp. — ADR | | | 158 | | | | 04/17/20 | | | USD | | | 62.50 | | | USD | | | 935 | | | | (16,591 | ) |
Truist Financial Corp. | | | 373 | | | | 04/17/20 | | | USD | | | 37.50 | | | USD | | | 1,150 | | | | (42,895 | ) |
U.S. Bancorp | | | 358 | | | | 04/17/20 | | | USD | | | 37.50 | | | USD | | | 1,233 | | | | (29,355 | ) |
Unilever NV — NY Shares | | | 528 | | | | 04/17/20 | | | USD | | | 52.50 | | | USD | | | 2,576 | | | | (19,801 | ) |
Unilever NV — NY Shares | | | 302 | | | | 04/17/20 | | | USD | | | 59.55 | | | USD | | | 1,473 | | | | (1,578 | ) |
United Rentals, Inc. | | | 38 | | | | 04/17/20 | | | USD | | | 110.00 | | | USD | | | 391 | | | | (20,710 | ) |
UnitedHealth Group, Inc. | | | 47 | | | | 04/17/20 | | | USD | | | 280.00 | | | USD | | | 1,172 | | | | (11,515 | ) |
UnitedHealth Group, Inc. | | | 46 | | | | 04/17/20 | | | USD | | | 240.00 | | | USD | | | 1,147 | | | | (87,054 | ) |
Verizon Communications, Inc. | | | 266 | | | | 04/17/20 | | | USD | | | 60.00 | | | USD | | | 1,429 | | | | (1,995 | ) |
Verizon Communications, Inc. | | | 437 | | | | 04/17/20 | | | USD | | | 57.50 | | | USD | | | 2,348 | | | | (11,144 | ) |
Verizon Communications, Inc. | | | 299 | | | | 04/17/20 | | | USD | | | 58.75 | | | USD | | | 1,607 | | | | (4,304 | ) |
Visa, Inc., Class A | | | 296 | | | | 04/17/20 | | | USD | | | 175.00 | | | USD | | | 4,769 | | | | (87,320 | ) |
| | |
Schedule of Investments (unaudited) (continued) March 31, 2020 | | BlackRock Enhanced Capital and Income Fund (CII) |
Exchange-Traded Options Written (continued)
| | | | | | | | | | | | | | | | | | | | | | | | |
| Description | | Number of
Contracts | | | Expiration
Date | | | Exercise
Price | | | Notional
Amount (000) | | | Value | |
Call (continued) | |
Visa, Inc., Class A | | | 117 | | | | 04/17/20 | | | USD | | | 165.00 | | | USD | | | 1,885 | | | $ | (79,560 | ) |
Walmart, Inc. | | | 183 | | | | 04/17/20 | | | USD | | | 116.00 | | | USD | | | 2,079 | | | | (33,306 | ) |
Walmart, Inc. | | | 113 | | | | 04/17/20 | | | USD | | | 118.00 | | | USD | | | 1,284 | | | | (33,787 | ) |
Alphabet, Inc., Class A | | | 69 | | | | 04/24/20 | | | USD | | | 1,200.00 | | | USD | | | 8,017 | | | | (234,945 | ) |
Alphabet, Inc., Class A | | | 35 | | | | 04/24/20 | | | USD | | | 1,165.00 | | | USD | | | 4,067 | | | | (181,125 | ) |
Altria Group, Inc. | | | 338 | | | | 04/24/20 | | | USD | | | 40.00 | | | USD | | | 1,307 | | | | (45,968 | ) |
Apple, Inc. | | | 324 | | | | 04/24/20 | | | USD | | | 242.50 | | | USD | | | 8,239 | | | | (696,600 | ) |
BP PLC — ADR | | | 204 | | | | 04/24/20 | | | USD | | | 27.50 | | | USD | | | 498 | | | | (11,118 | ) |
Bank of America Corp. | | | 9 | | | | 04/24/20 | | | USD | | | 25.00 | | | USD | | | 19 | | | | (189 | ) |
Chevron Corp. | | | 162 | | | | 04/24/20 | | | USD | | | 60.00 | | | USD | | | 1,174 | | | | (223,965 | ) |
Cisco Systems, Inc. | | | 263 | | | | 04/24/20 | | | USD | | | 41.50 | | | USD | | | 1,034 | | | | (23,539 | ) |
Cognizant Technology Solutions Corp., Class A | | | 154 | | | | 04/24/20 | | | USD | | | 50.00 | | | USD | | | 716 | | | | (17,325 | ) |
Corteva, Inc | | | 269 | | | | 04/24/20 | | | USD | | | 29.55 | | | USD | | | 632 | | | | (6,142 | ) |
Facebook, Inc., Class A | | | 194 | | | | 04/24/20 | | | USD | | | 185.00 | | | USD | | | 3,236 | | | | (30,264 | ) |
JPMorgan Chase & Co. | | | 55 | | | | 04/24/20 | | | USD | | | 120.75 | | | USD | | | 495 | | | | (2,369 | ) |
Lowe’s Cos., Inc. | | | 11 | | | | 04/24/20 | | | USD | | | 80.00 | | | USD | | | 95 | | | | (9,103 | ) |
Microsoft Corp. | | | 376 | | | | 04/24/20 | | | USD | | | 165.00 | | | USD | | | 5,930 | | | | (193,640 | ) |
Molson Coors Brewing Co. | | | 677 | | | | 04/24/20 | | | USD | | | 42.50 | | | USD | | | 2,641 | | | | (125,245 | ) |
Pfizer, Inc. | | | 611 | | | | 04/24/20 | | | USD | | | 33.00 | | | USD | | | 1,994 | | | | (96,844 | ) |
Skechers U.S.A., Inc., Class A | | | 222 | | | | 04/24/20 | | | USD | | | 25.50 | | | USD | | | 527 | | | | (33,300 | ) |
Taiwan Semiconductor Manufacturing Co. Ltd. — ADR | | | 202 | | | | 04/24/20 | | | USD | | | 53.50 | | | USD | | | 965 | | | | (9,090 | ) |
U.S. Bancorp | | | 338 | | | | 04/24/20 | | | USD | | | 36.00 | | | USD | | | 1,164 | | | | (50,869 | ) |
UnitedHealth Group, Inc. | | | 135 | | | | 04/24/20 | | | USD | | | 265.00 | | | USD | | | 3,367 | | | | (110,700 | ) |
Verizon Communications, Inc. | | | 143 | | | | 04/24/20 | | | USD | | | 57.00 | | | USD | | | 768 | | | | (5,720 | ) |
Walmart, Inc. | | | 183 | | | | 04/24/20 | | | USD | | | 117.00 | | | USD | | | 2,079 | | | | (47,123 | ) |
Alibaba Group Holding Ltd. — ADR | | | 22 | | | | 05/01/20 | | | USD | | | 182.50 | | | USD | | | 428 | | | | (36,410 | ) |
Bank of America Corp. | | | 937 | | | | 05/01/20 | | | USD | | | 22.00 | | | USD | | | 1,989 | | | | (121,342 | ) |
Cisco Systems, Inc. | | | 219 | | | | 05/01/20 | | | USD | | | 39.50 | | | USD | | | 861 | | | | (45,881 | ) |
Dollar Tree, Inc. | | | 358 | | | | 05/01/20 | | | USD | | | 80.00 | | | USD | | | 2,630 | | | | (171,840 | ) |
Facebook, Inc., Class A | | | 167 | | | | 05/01/20 | | | USD | | | 160.00 | | | USD | | | 2,786 | | | | (255,928 | ) |
JPMorgan Chase & Co. | | | 87 | | | | 05/01/20 | | | USD | | | 106.00 | | | USD | | | 783 | | | | (7,482 | ) |
JPMorgan Chase & Co. | | | 160 | | | | 05/01/20 | | | USD | | | 98.00 | | | USD | | | 1,440 | | | | (41,840 | ) |
Lowe’s Cos., Inc. | | | 122 | | | | 05/01/20 | | | USD | | | 72.00 | | | USD | | | 1,050 | | | | (191,540 | ) |
Microsoft Corp. | | | 225 | | | | 05/01/20 | | | USD | | | 162.50 | | | USD | | | 3,548 | | | | (164,250 | ) |
Pfizer, Inc. | | | 260 | | | | 05/01/20 | | | USD | | | 34.50 | | | USD | | | 849 | | | | (13,390 | ) |
U.S. Bancorp | | | 179 | | | | 05/01/20 | | | USD | | | 38.00 | | | USD | | | 617 | | | | (16,558 | ) |
Walmart, Inc. | | | 183 | | | | 05/01/20 | | | USD | | | 118.00 | | | USD | | | 2,079 | | | | (72,376 | ) |
AES Corp. | | | 1,114 | | | | 05/15/20 | | | USD | | | 16.00 | | | USD | | | 1,515 | | | | (38,990 | ) |
Alibaba Group Holding Ltd. — ADR | | | 24 | | | | 05/15/20 | | | USD | | | 205.00 | | | USD | | | 467 | | | | (13,380 | ) |
Altria Group, Inc. | | | 135 | | | | 05/15/20 | | | USD | | | 42.50 | | | USD | | | 522 | | | | (20,858 | ) |
BP PLC — ADR | | | 159 | | | | 05/15/20 | | | USD | | | 21.00 | | | USD | | | 388 | | | | (73,140 | ) |
CDK Global, Inc. | | | 409 | | | | 05/15/20 | | | USD | | | 40.00 | | | USD | | | 1,344 | | | | (30,675 | ) |
Cisco Systems, Inc. | | | 276 | | | | 05/15/20 | | | USD | | | 40.00 | | | USD | | | 1,085 | | | | (60,306 | ) |
Comcast Corp., Class A | | | 458 | | | | 05/15/20 | | | USD | | | 37.50 | | | USD | | | 1,575 | | | | (106,485 | ) |
ConocoPhillips | | | 201 | | | | 05/15/20 | | | USD | | | 50.00 | | | USD | | | 619 | | | | (4,422 | ) |
ConocoPhillips | | | 202 | | | | 05/15/20 | | | USD | | | 30.00 | | | USD | | | 622 | | | | (85,850 | ) |
D.R. Horton, Inc. | | | 110 | | | | 05/15/20 | | | USD | | | 42.50 | | | USD | | | 374 | | | | (14,685 | ) |
Dollar General Corp. | | | 539 | | | | 05/15/20 | | | USD | | | 150.00 | | | USD | | | 8,139 | | | | (474,320 | ) |
Dollar Tree, Inc. | | | 358 | | | | 05/15/20 | | | USD | | | 80.00 | | | USD | | | 2,630 | | | | (126,195 | ) |
Facebook, Inc., Class A | | | 120 | | | | 05/15/20 | | | USD | | | 165.00 | | | USD | | | 2,002 | | | | (157,200 | ) |
Facebook, Inc., Class A | | | 169 | | | | 05/15/20 | | | USD | | | 175.00 | | | USD | | | 2,819 | | | | (130,553 | ) |
General Motors Co. | | | 266 | | | | 05/15/20 | | | USD | | | 25.00 | | | USD | | | 553 | | | | (24,605 | ) |
| | |
Schedule of Investments (unaudited) (continued) March 31, 2020 | | BlackRock Enhanced Capital and Income Fund (CII) |
Exchange-Traded Options Written (continued)
| | | | | | | | | | | | | | | | | | | | | | | | |
| Description | | Number of
Contracts | | | Expiration
Date | | | Exercise
Price | | | Notional
Amount (000) | | | Value | |
Call (continued) | |
Hubbell, Inc. | | | 68 | | | | 05/15/20 | | | USD | | | 120.00 | | | USD | | | 780 | | | $ | (35,870 | ) |
JPMorgan Chase & Co. | | | 193 | | | | 05/15/20 | | | USD | | | 95.00 | | | USD | | | 1,738 | | | | (92,157 | ) |
Laboratory Corp. of America Holdings | | | 250 | | | | 05/15/20 | | | USD | | | 115.00 | | | USD | | | 3,160 | | | | (426,250 | ) |
Microsoft Corp. | | | 31 | | | | 05/15/20 | | | USD | | | 155.00 | | | USD | | | 489 | | | | (42,160 | ) |
Pfizer, Inc. | | | 95 | | | | 05/15/20 | | | USD | | | 32.00 | | | USD | | | 310 | | | | (17,528 | ) |
Quanta Services, Inc. | | | 399 | | | | 05/15/20 | | | USD | | | 41.00 | | | USD | | | 1,266 | | | | (13,965 | ) |
Quanta Services, Inc. | | | 245 | | | | 05/15/20 | | | USD | | | 28.00 | | | USD | | | 777 | | | | (120,050 | ) |
Raymond James Financial, Inc. | | | 184 | | | | 05/15/20 | | | USD | | | 82.50 | | | USD | | | 1,163 | | | | (10,580 | ) |
Raymond James Financial, Inc. | | | 138 | | | | 05/15/20 | | | USD | | | 75.00 | | | USD | | | 872 | | | | (19,320 | ) |
Robert Half International, Inc. | | | 214 | | | | 05/15/20 | | | USD | | | 50.00 | | | USD | | | 808 | | | | (63,130 | ) |
Robert Half International, Inc. | | | 20 | | | | 05/15/20 | | | USD | | | 67.50 | | | USD | | | 126 | | | | (7,500 | ) |
Sanofi — ADR | | | 294 | | | | 05/15/20 | | | USD | | | 44.00 | | | USD | | | 1,285 | | | | (49,245 | ) |
Sony Corp. — ADR | | | 122 | | | | 05/15/20 | | | USD | | | 65.00 | | | USD | | | 722 | | | | (17,385 | ) |
Truist Financial Corp. | | | 241 | | | | 05/15/20 | | | USD | | | 32.50 | | | USD | | | 743 | | | | (63,745 | ) |
U.S. Bancorp | | | 179 | | | | 05/15/20 | | | USD | | | 32.50 | | | USD | | | 617 | | | | (72,942 | ) |
Unilever NV — NY Shares | | | 308 | | | | 05/15/20 | | | USD | | | 52.50 | | | USD | | | 1,503 | | | | (66,990 | ) |
Verizon Communications, Inc. | | | 490 | | | | 05/15/20 | | | USD | | | 52.50 | | | USD | | | 2,633 | | | | (158,025 | ) |
Visa, Inc., Class A | | | 47 | | | | 05/15/20 | | | USD | | | 155.00 | | | USD | | | 757 | | | | (72,850 | ) |
Visa, Inc., Class A | | | 97 | | | | 05/15/20 | | | USD | | | 175.00 | | | USD | | | 1,563 | | | | (56,988 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | $ | (11,033,256 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | |
OTC Options Written
| | | | | | | | | | | | | | | | | | | | | | |
| Description | | Counterparty | | Number of
Contracts | | | Expiration
Date | | Exercise
Price | | Notional
Amount (000) | | | Value | |
| Call | | | | | | | | | | | | | | | | | | | |
Novo Nordisk A/S — ADR | | JPMorgan Chase Bank N.A. | | | 26,700 | | | 04/01/20 | | USD | | 64.39 | | USD | | | 1,607 | | | $ | (17 | ) |
Unilever NV — NY Shares | | Bank of America N.A. | | | 20,900 | | | 04/01/20 | | USD | | 59.66 | | USD | | | 1,020 | | | | — | |
Unilever NV — NY Shares | | Credit Suisse International | | | 13,600 | | | 04/01/20 | | USD | | 57.30 | | USD | | | 664 | | | | — | |
Quanta Services, Inc. | | Citibank N.A. | | | 58,500 | | | 04/02/20 | | USD | | 40.47 | | USD | | | 1,856 | | | | — | |
BAE Systems PLC, ADR | | Credit Suisse International | | | 31,300 | | | 04/09/20 | | USD | | 33.63 | | USD | | | 800 | | | | (35 | ) |
AES Corp. | | Barclays Bank PLC | | | 68,000 | | | 04/14/20 | | USD | | 21.18 | | USD | | | 925 | | | | (95 | ) |
BAE Systems PLC, ADR | | Credit Suisse International | | | 31,300 | | | 04/14/20 | | USD | | 32.84 | | USD | | | 800 | | | | (531 | ) |
Hubbell, Inc. | | Citibank N.A. | | | 17,300 | | | 04/14/20 | | USD | | 146.43 | | USD | | | 1,985 | | | | (3,567 | ) |
Laboratory Corp. of America Holdings | | JPMorgan Chase Bank N.A. | | | 31,200 | | | 04/14/20 | | USD | | 192.98 | | USD | | | 3,943 | | | | (393 | ) |
Quanta Services, Inc. | | Credit Suisse International | | | 55,700 | | | 04/17/20 | | USD | | 41.16 | | USD | | | 1,767 | | | | (3,193 | ) |
Hubbell, Inc. | | Barclays Bank PLC | | | 12,200 | | | 04/24/20 | | USD | | 140.74 | | USD | | | 1,400 | | | | (16,006 | ) |
BAE Systems PLC, ADR | | JPMorgan Chase Bank N.A. | | | 18,200 | | | 04/29/20 | | USD | | 31.90 | | USD | | | 465 | | | | (3,581 | ) |
BAE Systems PLC, ADR | | Credit Suisse International | | | 23,100 | | | 05/14/20 | | USD | | 23.13 | | USD | | | 590 | | | | (79,307 | ) |
BAE Systems PLC, ADR | | Credit Suisse International | | | 25,000 | | | 05/20/20 | | USD | | 26.02 | | USD | | | 639 | | | | (50,430 | ) |
| | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | $ | (157,155 | ) |
| | | | | | | | | | | | | | | | | | | | | | |
| | |
Schedule of Investments (unaudited) (continued) March 31, 2020 | | BlackRock Enhanced Capital and Income Fund (CII) |
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’s policy regarding valuation of investments and derivative financial instruments, refer to the Trust’s most recent financial statements as contained in its annual report.
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: | | | | | | | | | | | | | | | | |
Long-Term Investments(a) | | $ | 616,027,258 | | | $ | — | | | $ | — | | | $ | 616,027,258 | |
Short-Term Securities | | | 18,292,864 | | | | — | | | | — | | | | 18,292,864 | |
| | | | | | | | | | | | | | | | |
| | $ | 634,320,122 | | | $ | — | | | $ | — | | | $ | 634,320,122 | |
| | | | | | | | | | | | | | | | |
Derivative Financial Instruments(b) | | | | | | | | | | | | | | | | |
Liabilities: | | | | | | | | | | | | | | | | |
Equity contracts | | $ | (11,013,285 | ) | | $ | (177,126 | ) | | | — | | | $ | (11,190,411 | ) |
| | | | | | | | | | | | | | | | |
| | (a) | See above Schedule of Investments for values in each industry | |
| | (b) | Derivative financial instruments are options written. Options written are shown at value. | |
