BlackRock Enhanced Capital and Income Fund (CII) NPORT-P BlackRock Enhanced Capital and Income Fund, Inc. (Mar 2021 report)

Schedule of Investments  (unaudited) March 31, 2021 BlackRock Enhanced Capital and Income Fund, Inc. (CII) (Percentages shown are based on Net Assets)

Security	Shares		Value
Common Stocks
Aerospace & Defense — 1.2%
BAE Systems PLC, ADR		394,804	$	11,172,953
Air Freight & Logistics — 1.1%
C.H. Robinson Worldwide, Inc.		99,351		9,481,066
Automobiles — 2.5%
General Motors Co.(a)		385,411		22,145,716
Banks — 3.7%
Bank of America Corp.(b)		374,523		14,490,295
JPMorgan Chase & Co.		122,611		18,665,072
				33,155,367
Beverages — 1.3%
Coca-Cola Co.		222,146		11,709,316
Biotechnology — 0.7%
Biogen, Inc.(a)		23,013		6,437,887
Capital Markets — 3.0%
Intercontinental Exchange, Inc.		92,707		10,353,518
Morgan Stanley		216,031		16,776,967
				27,130,485
Chemicals — 3.4%
Axalta Coating Systems Ltd.(a)		325,395		9,625,184
Corteva, Inc.		457,748		21,340,212
				30,965,396
Communications Equipment — 3.1%
Ciena Corp.(a)		156,352		8,555,581
Cisco Systems, Inc.		373,191		19,297,707
				27,853,288
Construction & Engineering — 1.2%
Quanta Services, Inc.		125,658		11,055,391
Consumer Finance — 2.5%
Ally Financial, Inc.		264,856		11,974,140
Capital One Financial Corp.		82,210		10,459,578
				22,433,718
Diversified Financial Services — 2.7%
Berkshire Hathaway, Inc., Class B(a)		93,558		23,901,262
Electronic Equipment, Instruments & Components — 0.6%
CDW Corp.		31,041		5,145,046
Entertainment — 0.7%
World Wrestling Entertainment, Inc., Class A		120,194		6,521,726
Health Care Equipment & Supplies — 1.1%
Koninklijke Philips NV, NY Shares		171,889		9,802,830
Health Care Providers & Services — 6.6%
Anthem, Inc.		36,405		13,067,575
Humana, Inc.		15,548		6,518,499
Laboratory Corp. of America Holdings(a)		62,235		15,871,792
UnitedHealth Group, Inc.		65,143		24,237,756
				59,695,622
Health Care Technology — 0.6%
Veeva Systems, Inc., Class A(a)		20,886		5,456,259
Hotels, Restaurants & Leisure — 0.7%
Las Vegas Sands Corp.(a)		109,648		6,662,212

Security	Shares		Value
Insurance — 0.6%
Fidelity National Financial, Inc.		134,167	$	5,455,230
Interactive Media & Services(a) — 8.7%
Alphabet, Inc., Class A(b)		24,428		50,383,239
Facebook, Inc., Class A		93,559		27,555,932
				77,939,171
Internet & Direct Marketing Retail(a) — 6.3%
Alibaba Group Holding Ltd., ADR		42,763		9,695,655
Amazon.com, Inc.		15,274		47,258,978
				56,954,633
IT Services — 5.7%
Cognizant Technology Solutions Corp., Class A		76,674		5,989,773
Fidelity National Information Services, Inc.		34,346		4,829,391
FleetCor Technologies, Inc.(a)		49,152		13,203,702
Visa, Inc., Class A(b)		130,830		27,700,636
				51,723,502
Machinery — 2.1%
Fortive Corp.		131,173		9,266,061
Otis Worldwide Corp.		136,097		9,315,839
				18,581,900
Media — 3.5%
Comcast Corp., Class A		419,032		22,673,822
Fox Corp., Class A		255,538		9,227,477
				31,901,299
Multi-line Retail — 3.0%
Dollar General Corp.		43,588		8,831,801
Dollar Tree, Inc.(a)		162,022		18,545,038
				27,376,839
Oil, Gas & Consumable Fuels — 3.3%
BP PLC, ADR		192,239		4,681,020
Chevron Corp.		41,336		4,331,599
ConocoPhillips		273,568		14,490,897
EQT Corp.(a)		314,297		5,839,638
				29,343,154
Personal Products — 1.5%
Unilever PLC, ADR		236,188		13,186,376
Pharmaceuticals — 2.0%
Novo Nordisk A/S, ADR		95,933		6,467,803
Sanofi, ADR		235,832		11,664,250
				18,132,053
Professional Services — 1.6%
Robert Half International, Inc.		181,380		14,160,337
Real Estate Management & Development — 1.2%
CBRE Group, Inc., Class A(a)		141,434		11,188,844
Road & Rail — 1.7%
Norfolk Southern Corp.		55,300		14,849,156
Semiconductors & Semiconductor Equipment — 4.9%
Applied Materials, Inc.		192,070		25,660,552
Taiwan Semiconductor Manufacturing Co. Ltd., ADR		156,680		18,532,110
				44,192,662
Software — 7.8%
CDK Global, Inc.		271,354		14,669,397
Microsoft Corp.(b)		233,881		55,142,124
				69,811,521

SCHEDULE OF INVESTMENTS 1

Schedule of Investments  (unaudited) (continued) March 31, 2021 BlackRock Enhanced Capital and Income Fund, Inc. (CII) (Percentages shown are based on Net Assets)

Security	Shares		Value
Specialty Retail — 4.0%
Lowe’s Cos., Inc.		56,397	$	10,725,581
O’Reilly Automotive, Inc.(a)		24,309		12,330,740
Ross Stores, Inc.		107,428		12,881,692
				35,938,013
Technology Hardware, Storage & Peripherals — 4.4%
Apple, Inc.(b)(c)		326,708		39,907,382
Wireless Telecommunication Services — 1.5%
Vodafone Group PLC, ADR		748,168		13,788,736
Total Long-Term Investments — 100.5% (Cost: $565,692,679)				905,156,348
Short-Term Securities
Money Market Funds — 1.1%
BlackRock Liquidity Funds, T-Fund, Institutional Class, 0.01%(d)(e)		9,652,689		9,652,689
Total Short-Term Securities — 1.1% (Cost: $9,652,689)				9,652,689
Total Investments Before Options Written — 101.6% (Cost: $575,345,368)				914,809,037
Options Written — (1.4)% (Premiums Received: $(13,239,754))				(12,879,542	)
Total Investments, Net of Options Written — 100.2% (Cost: $562,105,614)				901,929,495
Liabilities in Excess of Other Assets — (0.2)%				(1,638,221	)
Net Assets — 100.0%			$	900,291,274

^(a)  Non-income producing security.

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

^(d)  Affiliate of the Trust.

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

For Trust compliance purposes, the Trust’s sector classifications refer to one or more of the sector 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 sector sub-classifications for reporting ease.

Affiliates

Investments in issuers considered to be affiliate(s) of the Trust during the period ended March 31, 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 03/31/21		Shares Held at 03/31/21		Income		Capital Gain Distributions from Underlying Funds
BlackRock Liquidity Funds, T-Fund, Institutional Class	$	11,614,004	$	—	$	(1,961,315	)(a)	$	—	$	—	$	9,652,689		9,652,689	$	719	$	—

^(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
Ciena Corp.		151		04/01/21	USD	57.00	USD	826	$	(1,435	)
Cognizant Technology Solutions Corp., Class A		243		04/01/21	USD	75.00	USD	1,898		(82,620	)
Conocophillips		268		04/01/21	USD	50.00	USD	1,420		(82,410	)
Dollar Tree, Inc.		100		04/01/21	USD	112.00	USD	1,145		(22,600	)
Facebook, Inc., Class A		80		04/01/21	USD	280.00	USD	2,356		(120,400	)
Morgan Stanley		58		04/01/21	USD	79.00	USD	450		(928	)
Ross Stores, Inc.		319		04/01/21	USD	123.00	USD	3,825		(15,153	)

2

Schedule of Investments  (unaudited) (continued) March 31, 2021 BlackRock Enhanced Capital and Income Fund, Inc. (CII)

Exchange-Traded Options Written (continued)

Description	Number of Contracts		Expiration Date		Exercise Price		Notional Amount (000)		Value
Call (continued)
Vodafone Group PLC, ADR		136		04/01/21	USD	19.50	USD	251		$ (544)
Alibaba Group Holding Ltd., ADR		103		04/09/21	USD	252.50	USD	2,335		(1,803	)
Ally Financial, Inc.		472		04/09/21	USD	40.50	USD	2,134		(231,667	)
Alphabet, Inc., Class A		26		04/09/21	USD	2,120.00	USD	5,363		(26,260	)
Bank of America Corp.		177		04/09/21	USD	37.00	USD	685		(33,453	)
Berkshire Hathaway, Inc., Class B		209		04/09/21	USD	245.00	USD	5,339		(232,512	)
Biogen, Inc.		46		04/09/21	USD	282.50	USD	1,287		(25,530	)
Chevron Corp.		138		04/09/21	USD	106.00	USD	1,446		(16,836	)
Cisco Systems, Inc.		80		04/09/21	USD	47.00	USD	414		(38,600	)
Coca-Cola Co.		503		04/09/21	USD	51.50	USD	2,651		(69,917	)
Comcast Corp., Class A		735		04/09/21	USD	54.50	USD	3,977		(35,647	)
General Motors Co.		3		04/09/21	USD	56.00	USD	17		(710	)
Las Vegas Sands Corp.		178		04/09/21	USD	70.00	USD	1,082		(801	)
Microsoft Corp.		274		04/09/21	USD	240.00	USD	6,460		(46,580	)
Morgan Stanley		341		04/09/21	USD	83.00	USD	2,648		(5,115	)
Norfolk Southern Corp.		119		04/09/21	USD	260.00	USD	3,195		(123,165	)
Ross Stores, Inc.		60		04/09/21	USD	121.00	USD	719		(9,900	)
Visa, Inc., Class A		20		04/09/21	USD	217.50	USD	423		(1,950	)
Bank of America Corp.		227		04/13/21	USD	36.50	USD	878		(56,574	)
Alibaba Group Holding Ltd., ADR		103		04/16/21	USD	255.00	USD	2,335		(5,511	)
Ally Financial, Inc.		460		04/16/21	USD	46.00	USD	2,080		(58,190	)
Alphabet, Inc., Class A		41		04/16/21	USD	2,120.00	USD	8,456		(71,135	)
Amazon.com, Inc.		8		04/16/21	USD	3,250.00	USD	2,475		(8,860	)
Apple, Inc.		317		04/16/21	USD	136.25	USD	3,872		(3,329	)
Applied Materials, Inc.		355		04/16/21	USD	105.00	USD	4,743		(1,036,600	)
Axalta Coating Systems Ltd.		454		04/16/21	USD	29.00	USD	1,343		(46,535	)
Bank of America Corp.		272		04/16/21	USD	33.00	USD	1,052		(154,360	)
Berkshire Hathaway, Inc., Class B		178		04/16/21	USD	270.00	USD	4,547		(4,717	)
BP PLC — ADR		172		04/16/21	USD	25.00	USD	419		(7,396	)
C.H. Robinson Worldwide, Inc.		234		04/16/21	USD	94.00	USD	2,233		(60,564	)
Capital One Financial Corp.		253		04/16/21	USD	135.00	USD	3,219		(20,493	)
CBRE Group, Inc., Class A		171		04/16/21	USD	75.00	USD	1,353		(78,660	)
CBRE Group, Inc., Class A		240		04/16/21	USD	85.00	USD	1,899		(9,000	)
CDK Global, Inc.		169		04/16/21	USD	55.00	USD	914		(12,253	)
Ciena Corp.		152		04/16/21	USD	55.00	USD	832		(17,860	)
Cisco Systems, Inc.		219		04/16/21	USD	48.00	USD	1,132		(81,577	)
Cisco Systems, Inc.		42		04/16/21	USD	47.00	USD	217		(20,265	)
Coca-Cola Co.		624		04/16/21	USD	50.00	USD	3,289		(175,344	)
Cognizant Technology Solutions Corp., Class A		124		04/16/21	USD	80.00	USD	969		(9,300	)
Comcast Corp., Class A		31		04/16/21	USD	55.00	USD	168		(1,752	)
ConocoPhillips		121		04/16/21	USD	60.00	USD	641		(1,936	)
Corteva, Inc.		398		04/16/21	USD	47.00	USD	1,855		(42,785	)
Dollar Tree, Inc.		175		04/16/21	USD	105.00	USD	2,003		(165,812	)
EQT Corp.		674		04/16/21	USD	20.00	USD	1,252		(23,590	)
EQT Corp.		674		04/16/21	USD	21.00	USD	1,252		(11,795	)
Facebook, Inc., Class A		129		04/16/21	USD	287.50	USD	3,799		(167,700	)
Fidelity D&D Bancorp, Inc.		659		04/16/21	USD	41.00	USD	2,679		(47,777	)
Fleetcor Technologies, Inc.		74		04/16/21	USD	273.00	USD	1,988		(27,727	)
Fortive Corp.		578		04/16/21	USD	74.00	USD	4,083		(21,903	)
Fox Corp., Class A		245		04/16/21	USD	42.00	USD	885		(6,738	)
Intercontinental Exchange, Inc.		234		04/16/21	USD	115.50	USD	2,613		(11,983	)
JPMorgan Chase & Co.		196		04/16/21	USD	150.00	USD	2,984		(89,670	)
Koninklijke Philips NV, NY Shares		418		04/16/21	USD	55.00	USD	2,384		(104,500	)
Laboratory Corp. Of America Holdings		198		04/16/21	USD	246.00	USD	5,050		(224,896	)
Las Vegas Sands Corp.		189		04/16/21	USD	70.00	USD	1,148		(2,268	)
Lowe’s Cos., Inc.		141		04/16/21	USD	170.00	USD	2,682		(290,107	)
Microsoft Corp.		261		04/16/21	USD	245.00	USD	6,154		(35,887	)
Novo Nordisk A/S, ADR		300		04/16/21	USD	77.50	USD	2,023		(10,500	)
Otis Worldwide Corp.		602		04/16/21	USD	65.00	USD	4,121		(264,880	)
Quanta Services, Inc.		583		04/16/21	USD	78.00	USD	5,129		(588,723	)
Robert Half International, Inc.		139		04/16/21	USD	85.00	USD	1,085		(2,780	)
Sanofi — ADR		747		04/16/21	USD	48.45	USD	3,695		(112,519	)

SCHEDULE OF INVESTMENTS 3

Schedule of Investments  (unaudited) (continued) March 31, 2021 BlackRock Enhanced Capital and Income Fund, Inc. (CII)

Exchange-Traded Options Written (continued)

Description	Number of Contracts		Expiration Date		Exercise Price		Notional Amount (000)		Value
Call (continued)
Unilever PLC, ADR		136		04/16/21	USD	55.00	USD	759		$ (14,280	)
UnitedHealth Group, Inc.		47		04/16/21	USD	340.00	USD	1,749		(160,740	)
Ventas, Inc., Class A		69		04/16/21	USD	340.00	USD	1,803		(10,350	)
Ventas, Inc., Class A		62		04/16/21	USD	280.00	USD	1,620		(11,935	)
World Wrestling Entertainment, Inc., Class A		200		04/16/21	USD	60.00	USD	1,085		(9,500	)
World Wrestling Entertainment, Inc., Class A		294		04/16/21	USD	55.00	USD	1,595		(49,980	)
Alphabet, Inc., Class A		41		04/23/21	USD	2,085.00	USD	8,456		(163,590	)
Amazon.com, Inc.		1		04/23/21	USD	3,250.00	USD	309		(1,978	)
Anthem, Inc.		69		04/23/21	USD	340.00	USD	2,477		(168,360	)
Apple, Inc.		546		04/23/21	USD	128.00	USD	6,669		(65,793	)
Bank of America Corp.		122		04/23/21	USD	37.50	USD	472		(23,851	)
Chevron Corp.		11		04/23/21	USD	110.00	USD	115		(1,282	)
Ciena Corp.		456		04/23/21	USD	50.50	USD	2,495		(172,368	)
Cisco Systems, Inc.		68		04/23/21	USD	49.00	USD	352		(18,768	)
Coca-Cola Co.		259		04/23/21	USD	52.00	USD	1,365		(39,497	)
Comcast Corp., Class A		116		04/23/21	USD	58.50	USD	628		(4,930	)
ConocoPhillips		520		04/23/21	USD	61.00	USD	2,754		(20,020	)
Facebook, Inc., Class A		80		04/23/21	USD	285.00	USD	2,356		(126,600	)
Fox Corp., Class A		245		04/23/21	USD	42.00	USD	885		(6,125	)
General Motors Co.		386		04/23/21	USD	62.00	USD	2,218		(37,056	)
Humana, Inc.		28		04/23/21	USD	415.00	USD	1,174		(35,980	)
Las Vegas Sands Corp.		88		04/23/21	USD	70.00	USD	535		(2,596	)
Microsoft Corp.		135		04/23/21	USD	247.50	USD	3,183		(18,833	)
Norfolk Southern Corp.		103		04/23/21	USD	265.00	USD	2,766		(91,155	)
Taiwan Semiconductor Manufacturing Co. Ltd., ADR		228		04/23/21	USD	123.00	USD	2,697		(61,332	)
Vodafone Group PLC, ADR		663		04/23/21	USD	18.50	USD	1,222		(27,183	)
Apple, Inc.		292		04/30/21	USD	133.00	USD	3,567		(23,652	)
Apple, Inc.		257		04/30/21	USD	126.00	USD	3,139		(71,960	)
Applied Materials, Inc.		188		04/30/21	USD	130.00	USD	2,512		(166,380	)
Bank of America Corp.		243		04/30/21	USD	40.00	USD	940		(21,141	)
Berkshire Hathaway, Inc., Class B		202		04/30/21	USD	255.00	USD	5,160		(111,100	)
Biogen, Inc.		34		04/30/21	USD	282.50	USD	951		(43,690	)
BP PLC — ADR		289		04/30/21	USD	28.50	USD	704		(4,769	)
Chevron Corp.		106		04/30/21	USD	115.00	USD	1,111		(7,102	)
Ciena Corp.		226		04/30/21	USD	58.50	USD	1,237		(13,786	)
Cisco Systems, Inc.		256		04/30/21	USD	50.00	USD	1,324		(62,592	)
Cognizant Technology Solutions Corp., Class A		303		04/30/21	USD	80.50	USD	2,367		(37,117	)
Cognizant Technology Solutions Corp., Class A		73		04/30/21	USD	79.50	USD	570		(12,045	)
Comcast Corp., Class A		1,171		04/30/21	USD	58.50	USD	6,336		(33,373	)
ConocoPhillips		358		04/30/21	USD	52.00	USD	1,896		(76,254	)
Dollar Tree, Inc.		570		04/30/21	USD	113.00	USD	6,524		(233,700	)
General Motors Co.		4		04/30/21	USD	62.00	USD	23		(496	)
JPMorgan Chase & Co.		99		04/30/21	USD	155.00	USD	1,507		(33,907	)
JPMorgan Chase & Co.		71		04/30/21	USD	157.50	USD	1,081		(18,602	)
Lowe’s Cos., Inc.		79		04/30/21	USD	185.00	USD	1,502		(64,780	)
Lowe’s Cos., Inc.		79		04/30/21	USD	195.00	USD	1,502		(23,068	)
Microsoft Corp.		256		04/30/21	USD	237.50	USD	6,036		(165,120	)
Norfolk Southern Corp.		126		04/30/21	USD	267.50	USD	3,383		(110,880	)
Visa, Inc., Class A		97		04/30/21	USD	230.00	USD	2,054		(10,816	)
Vodafone Group PLC, ADR		547		04/30/21	USD	19.00	USD	1,008		(15,863	)
CDK Global, Inc.		328		05/04/21	USD	55.42	USD	1,773		(50,853	)
Amazon.Com, Inc.		4		05/07/21	USD	3,195.00	USD	1,238		(28,780	)
Apple, Inc.		317		05/07/21	USD	126.00	USD	3,872		(103,817	)
Applied Materials, Inc.		129		05/07/21	USD	145.00	USD	1,723		(45,537	)
Bank of America Corp.		307		05/07/21	USD	40.00	USD	1,188		(33,156	)
BP PLC — ADR		61		05/07/21	USD	26.50	USD	149		(2,471	)
Capital One Financial Corp.		141		05/07/21	USD	131.00	USD	1,794		(58,867	)
Chevron Corp.		14		05/07/21	USD	108.00	USD	147		(3,696	)
Cisco Systems, Inc.		215		05/07/21	USD	51.41	USD	1,112		(27,898	)
Cisco Systems, Inc.		41		05/07/21	USD	54.00	USD	212		(1,476	)
Comcast Corp., Class A		219		05/07/21	USD	55.50	USD	1,185		(24,638	)
General Motors Co.		65		05/07/21	USD	62.00	USD	373		(10,823	)

4

Schedule of Investments  (unaudited) (continued) March 31, 2021 BlackRock Enhanced Capital and Income Fund, Inc. (CII)

Exchange-Traded Options Written (continued)

Description	Number of Contracts		Expiration Date		Exercise Price		Notional Amount (000)		Value
Call (continued)
JPMorgan Chase & Co.		121		05/07/21	USD	156.22	USD	1,842	$	(41,434	)
Lowe’s Cos., Inc.		56		05/07/21	USD	195.00	USD	1,065		(20,440	)
Microsoft Corp.		261		05/07/21	USD	245.00	USD	6,154		(90,567	)
Taiwan Semiconductor Manufacturing Co. Ltd., ADR		198		05/07/21	USD	119.00	USD	2,342		(99,990	)
Visa, Inc., Class A		59		05/07/21	USD	215.00	USD	1,249		(33,335	)
Alphabet, Inc., Class A		46		05/21/21	USD	2,050.00	USD	9,488		(442,060	)
Amazon.com, Inc.		14		05/21/21	USD	3,260.00	USD	4,332		(93,310	)
Apple, Inc.		329		05/21/21	USD	140.00	USD	4,019		(31,584	)
Bank of America Corp.		430		05/21/21	USD	37.00	USD	1,664		(120,400	)
BP PLC — ADR		150		05/21/21	USD	25.00	USD	365		(14,850	)
CBRE Group, Inc., Class A		480		05/21/21	USD	80.00	USD	3,797		(163,200	)
CDK Global, Inc.		452		05/21/21	USD	55.00	USD	2,444		(99,440	)
CDW Corp.		124		05/21/21	USD	160.00	USD	2,055		(139,500	)
CDW Corp.		71		05/21/21	USD	165.00	USD	1,177		(59,640	)
CH Robinson Worldwide, Inc.		207		05/21/21	USD	97.50	USD	1,975		(67,792	)
Cisco Systems, Inc.		222		05/21/21	USD	49.00	USD	1,148		(73,815	)
Coca-Cola Co.		150		05/21/21	USD	52.50	USD	791		(24,675	)
Comcast Corp., Class A		367		05/21/21	USD	57.50	USD	1,986		(27,158	)
Corteva, Inc.		1,204		05/21/21	USD	49.63	USD	5,613		(109,832	)
Dollar General Corp.		152		05/21/21	USD	210.00	USD	3,080		(47,880	)
Dollar Tree, Inc.		175		05/21/21	USD	115.00	USD	2,003		(69,125	)
EQT Corp.		313		05/21/21	USD	20.00	USD	582		(31,300	)
Facebook, Inc., Class A		300		05/21/21	USD	290.00	USD	8,836		(560,250	)
Fidelity National Financial, Inc.		186		05/21/21	USD	42.35	USD	756		(22,210	)
Fidelity National Info Serv		216		05/21/21	USD	150.00	USD	3,037		(43,740	)
FleetCor Technologies, Inc.		14		05/21/21	USD	290.00	USD	376		(7,070	)
Fortive Corp.		248		05/21/21	USD	70.00	USD	1,752		(93,000	)
General Motors Co.		235		05/21/21	USD	65.00	USD	1,350		(31,137	)
Intercontinental Exchange, Inc.		350		05/21/21	USD	120.00	USD	3,909		(29,750	)
JPMorgan Chase & Co.		95		05/21/21	USD	155.00	USD	1,446		(45,125	)
Laboratory Corp. of America Holdings		194		05/21/21	USD	240.00	USD	4,948		(389,940	)
Las Vegas Sands Corp.		235		05/21/21	USD	65.00	USD	1,428		(50,290	)
Microsoft Corp.		135		05/21/21	USD	245.00	USD	3,183		(67,500	)
Microsoft Corp.		151		05/21/21	USD	250.00	USD	3,560		(53,227	)
Morgan Stanley		637		05/21/21	USD	82.50	USD	4,947		(110,201	)
Novo Nordisk A/S, ADR		304		05/21/21	USD	72.50	USD	2,050		(19,000	)
O’Reilly Automotive, Inc.		85		05/21/21	USD	490.00	USD	4,312		(262,225	)
Quanta Services, Inc.		208		05/21/21	USD	95.00	USD	1,830		(40,560	)
Robert Half International, Inc.		495		05/21/21	USD	80.00	USD	3,864		(153,450	)
Taiwan Semiconductor Manufacturing Co. Ltd., ADR		125		05/21/21	USD	130.00	USD	1,478		(29,063	)
Unilever PLC, ADR		183		05/21/21	USD	57.50	USD	1,022		(14,640	)
UnitedHealth Group, Inc.		71		05/21/21	USD	380.00	USD	2,642		(70,822	)
Visa, Inc., Class A		59		05/21/21	USD	220.00	USD	1,249		(25,370	)
World Wrestling Entertainment, Inc., Class A		158		05/21/21	USD	65.00	USD	857		(18,565	)
Cisco Systems, Inc.		163		06/18/21	USD	52.50	USD	843		(29,014	)
									$	(12,589,050	)

OTC Options Written

Description	Counterparty	Number of Contracts		Expiration Date		Exercise Price			Notional Amount (000)			Value
Call
BAE Systems PLC, ADR	Credit Suisse International		13,300		04/07/21		USD	27.65		USD	376	$	(9,839	)
ConocoPhillips	Bank of America N.A.		9,800		04/09/21		USD	57.61		USD	519		(1,876	)
BAE Systems PLC, ADR	Citibank N.A.		30,000		04/21/21		USD	28.55		USD	849		(13,493	)
Koninklijke Philips NV — NY Shares	Barclays Bank PLC		28,000		04/22/21		USD	57.67		USD	1,597		(21,041	)
Koninklijke Philips NV — NY Shares	JPMorgan Chase Bank N.A.		10,500		04/22/21		USD	57.27		USD	599		(14,191	)
Sanofi — ADR	Barclays Bank PLC		7,800		04/26/21		USD	49.51		USD	386		(6,850	)
Koninklijke Philips NV — NY Shares	Barclays Bank PLC		28,000		04/28/21		USD	57.67		USD	1,597		(24,732	)
Axalta Coating Systems Ltd.	Barclays Bank PLC		68,400		05/04/21		USD	30.29		USD	2,023		(42,338	)

SCHEDULE OF INVESTMENTS 5

Schedule of Investments  (unaudited) (continued) March 31, 2021 BlackRock Enhanced Capital and Income Fund, Inc. (CII)

OTC Options Written (continued)

Description	Counterparty	Number of Contracts		Expiration Date		Exercise Price			Notional Amount (000)			Value
Call (continued)
BAE Systems PLC, ADR	Citibank N.A.		30,000		05/05/21		USD	28.83		USD	849	$	(14,789	)
ConocoPhillips	Credit Suisse International		35,800		05/06/21		USD	53.66		USD	1,896		(87,508	)
Unilever PLC, ADR	Goldman Sachs International		10,600		05/12/21		USD	56.47		USD	592		(10,540	)
Otis Worldwide Corp.	Barclays Capital		25,500		05/21/21		USD	70.77		USD	1,746		(43,295	)
												$	(290,492	)

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 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 investments categorized in the fair value hierarchy. The breakdown of the Trust’s investments 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	$	905,156,348		$	—		$	—	$	905,156,348
Short-Term Securities
Money Market Funds		9,652,689			—			—		9,652,689
	$	914,809,037		$	—		$	—	$	914,809,037
Derivative Financial Instruments(a)
Liabilities
Equity Contracts	$	(11,000,267	)	$	(1,879,275	)	$	—	$	(12,879,542	)

^(a) Derivative financial instruments are options written. Options written are shown at value.

Currency Abbreviation
USD	United States Dollar

Portfolio Abbreviation
ADR	American Depositary Receipt

6