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

Schedule of Investments  (unaudited) September 30, 2021 BlackRock Enhanced Capital and Income Fund, Inc. (CII) (Percentages shown are based on Net Assets)

Security	Shares		Value
Common Stocks
Aerospace & Defense — 1.4%
BAE Systems PLC, ADR		408,780	$	12,496,405
Air Freight & Logistics — 1.0%
C.H. Robinson Worldwide, Inc.		106,361		9,253,407
Automobiles — 2.1%
General Motors Co.(a)		364,161		19,194,926
Banks — 3.6%
Bank of America Corp.(b)		323,163		13,718,269
JPMorgan Chase & Co.		117,011		19,153,531
				32,871,800
Beverages — 0.7%
Coca-Cola Co.		126,386		6,631,473
Capital Markets — 3.3%
Intercontinental Exchange, Inc.		103,277		11,858,265
Morgan Stanley		191,511		18,635,936
				30,494,201
Chemicals — 3.4%
Axalta Coating Systems Ltd.(a)		310,515		9,063,933
Corteva, Inc.		523,568		22,031,741
				31,095,674
Communications Equipment — 3.2%
Ciena Corp.(a)		165,852		8,516,500
Cisco Systems, Inc.		389,111		21,179,312
				29,695,812
Construction & Engineering — 1.5%
Quanta Services, Inc.		119,358		13,585,328
Consumer Finance — 2.8%
Ally Financial, Inc.		252,166		12,873,074
Capital One Financial Corp.		78,440		12,704,927
				25,578,001
Containers & Packaging — 1.2%
Sealed Air Corp.		195,860		10,731,169
Diversified Financial Services — 2.4%
Berkshire Hathaway, Inc., Class B(a)		80,698		22,025,712
Entertainment — 1.2%
World Wrestling Entertainment, Inc., Class A		200,194		11,262,914
Health Care Equipment & Supplies — 0.9%
Koninklijke Philips NV, NY Shares		178,389		7,927,607
Health Care Providers & Services — 6.4%
Anthem, Inc.		33,285		12,408,648
Humana, Inc.		14,908		5,801,448
Laboratory Corp. of America Holdings(a)		57,985		16,319,298
UnitedHealth Group, Inc.		62,093		24,262,219
				58,791,613
Health Care Technology — 0.7%
Veeva Systems, Inc., Class A(a)		22,256		6,413,512
Hotels, Restaurants & Leisure — 0.7%
Las Vegas Sands Corp.(a)		172,808		6,324,773
Insurance — 0.5%
Fidelity National Financial, Inc.		111,197		5,041,672

Security	Shares		Value
Interactive Media & Services(a) — 9.8%
Alphabet, Inc., Class A(b)		22,279	$	59,563,352
Facebook, Inc., Class A		89,309		30,310,582
				89,873,934
Internet & Direct Marketing Retail — 5.3%
Amazon.com, Inc.(a)(c)		14,914		48,993,087
IT Services — 6.3%
Fidelity National Information Services, Inc.		135,181		16,448,824
FleetCor Technologies, Inc.(a)		61,822		16,152,234
Visa, Inc., Class A(b)		115,840		25,803,360
				58,404,418
Life Sciences Tools & Services — 0.9%
Avantor, Inc.(a)		192,950		7,891,655
Machinery — 2.0%
Fortive Corp.		164,923		11,638,616
Otis Worldwide Corp.		88,117		7,250,267
				18,888,883
Media — 3.6%
Comcast Corp., Class A		425,002		23,770,362
Fox Corp., Class A		236,458		9,484,330
				33,254,692
Multi-line Retail — 3.1%
Dollar General Corp.		71,218		15,108,187
Dollar Tree, Inc.(a)		136,892		13,103,302
				28,211,489
Oil, Gas & Consumable Fuels — 3.5%
ConocoPhillips		296,788		20,113,323
EQT Corp.(a)		595,527		12,184,482
				32,297,805
Personal Products — 1.3%
Unilever PLC, ADR		224,788		12,188,005
Pharmaceuticals — 2.7%
Novo Nordisk A/S, ADR		90,993		8,736,238
Sanofi, ADR		338,682		16,327,859
				25,064,097
Real Estate Management & Development — 1.4%
CBRE Group, Inc., Class A(a)		134,584		13,103,098
Road & Rail — 1.2%
Norfolk Southern Corp.		47,830		11,443,328
Semiconductors & Semiconductor Equipment — 5.2%
Analog Devices, Inc.		76,750		12,854,090
Applied Materials, Inc.		131,310		16,903,536
Taiwan Semiconductor Manufacturing Co. Ltd., ADR		161,690		18,052,689
				47,810,315
Software — 8.1%
CDK Global, Inc.		288,584		12,279,249
Microsoft Corp.(b)		221,941		62,569,607
				74,848,856
Specialty Retail — 2.6%
O’Reilly Automotive, Inc.(a)		15,549		9,501,372
Ross Stores, Inc.		132,958		14,472,478
				23,973,850
Technology Hardware, Storage & Peripherals — 4.5%
Apple, Inc.(b)		294,908		41,729,482

1

Schedule of Investments  (unaudited) (continued) September 30, 2021 BlackRock Enhanced Capital and Income Fund, Inc. (CII) (Percentages shown are based on Net Assets)

Security	Shares		Value
Wireless Telecommunication Services — 0.9%
Vodafone Group PLC, ADR		559,578	$	8,645,480
Total Long-Term Investments — 99.4% (Cost: $567,019,040)				916,038,473
Short-Term Securities
Money Market Funds — 1.5%
BlackRock Liquidity Funds, T-Fund, Institutional Class, 0.01%(d)(e)		13,629,459		13,629,459
Total Short-Term Securities — 1.5% (Cost: $13,629,459)				13,629,459
Total Investments Before Options Written — 100.9% (Cost: $580,648,499)				929,667,932
Options Written — (0.8)% (Premiums Received: $(10,551,442))				(7,488,493	)
Total Investments, Net of Options Written — 100.1% (Cost: $570,097,057)				922,179,439
Liabilities in Excess of Other Assets — (0.1)%				(663,854	)
Net Assets — 100.0%			$	921,515,585

^(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 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	$	11,614,004	$	2,015,455	(a)	$	—	$	—	$	—	$	13,629,459		13,629,459	$	1,236	$	—

^(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
Anthem, Inc.		69		10/01/21	USD	380.00	USD	2,572	$	(6,555	)
Applied Materials, Inc.		192		10/01/21	USD	135.00	USD	2,472		(864	)
Bank of America Corp.		225		10/01/21	USD	43.00	USD	955		(2,475	)
C.H. Robinson Worldwide, Inc.		187		10/01/21	USD	92.90	USD	1,627		—
General Motors Co.		374		10/01/21	USD	53.00	USD	1,971		(12,903	)
JPMorgan Chase & Co.		196		10/01/21	USD	165.00	USD	3,208		(12,054	)
Norfolk Southern Corp.		113		10/01/21	USD	275.00	USD	2,704		(11,300	)
Taiwan Semiconductor Manufacturing Co. Ltd.		195		10/01/21	USD	114.00	USD	2,177		(1,853	)
Koninklijke Philips NV, NY Shares		385		10/05/21	USD	45.11	USD	1,711		(12,700	)
Amazon.com, Inc.		9		10/08/21	USD	3,575.00	USD	2,957		(914	)
Analog Devices, Inc.		109		10/08/21	USD	175.00	USD	1,826		(6,268	)
Bank of America Corp.		833		10/08/21	USD	41.43	USD	3,536		(127,017	)
Capital One Financial Corp.		132		10/08/21	USD	180.00	USD	2,138		(1,980	)
Cisco Systems, Inc.		182		10/08/21	USD	60.00	USD	991		(546	)

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 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)
Coca-Cola Co.		588		10/08/21	USD	56.00	USD	3,085	$	(1,470	)
Comcast Corp., Class A		15		10/08/21	USD	60.00	USD	84		(75	)
Comcast Corp., Class A		219		10/08/21	USD	62.00	USD	1,225		(1,314	)
ConocoPhillips		61		10/08/21	USD	56.96	USD	413		(66,280	)
Dollar General Corp.		44		10/08/21	USD	230.00	USD	933		(440	)
Fox Corp., Class A		171		10/08/21	USD	38.00	USD	686		(40,185	)
JPMorgan Chase & Co.		166		10/08/21	USD	165.00	USD	2,717		(27,307	)
Microsoft Corp.		261		10/08/21	USD	305.00	USD	7,358		(2,480	)
Ross Stores, Inc.		50		10/08/21	USD	125.00	USD	544		(2,000	)
Taiwan Semiconductor Manufacturing Co. Ltd.		240		10/08/21	USD	128.00	USD	2,680		(1,320	)
Vodafone Group PLC, ADR		820		10/08/21	USD	17.50	USD	1,267		(8,200	)
Ally Financial, Inc.		444		10/15/21	USD	55.00	USD	2,267		(8,658	)
Alphabet Inc., Class A		46		10/15/21	USD	2,750.00	USD	12,298		(128,570	)
Amazon.com, Inc.		8		10/15/21	USD	3,600.00	USD	2,628		(1,940	)
Analog Devices, Inc.		37		10/15/21	USD	170.00	USD	620		(8,880	)
Anthem, Inc.		48		10/15/21	USD	390.00	USD	1,789		(11,880	)
Apple, Inc.		205		10/15/21	USD	155.00	USD	2,901		(2,870	)
Axalta Coating Systems Ltd.		441		10/15/21	USD	32.00	USD	1,287		(23,152	)
Bank of America Corp.		430		10/15/21	USD	42.00	USD	1,825		(59,770	)
C.H. Robinson Worldwide, Inc.		185		10/15/21	USD	92.50	USD	1,610		(2,775	)
Capital One Financial Corp.		246		10/15/21	USD	164.40	USD	3,984		(80,565	)
CBRE Group, Inc., Class A		402		10/15/21	USD	95.00	USD	3,914		(148,740	)
CDK Global, Inc.		274		10/15/21	USD	42.03	USD	1,166		(53,731	)
Cisco Systems, Inc.		1,077		10/15/21	USD	60.00	USD	5,862		(3,770	)
Comcast Corp., Class A		220		10/15/21	USD	60.00	USD	1,230		(2,530	)
Comcast Corp., Class A		219		10/15/21	USD	62.50	USD	1,225		(767	)
ConocoPhillips		358		10/15/21	USD	60.00	USD	2,426		(293,560	)
Corteva, Inc.		399		10/15/21	USD	44.00	USD	1,679		(11,970	)
Facebook, Inc., Class A		94		10/15/21	USD	385.00	USD	3,190		(1,457	)
Fidelity National Financial, Inc.		587		10/15/21	USD	50.00	USD	2,661		(29,350	)
Fidelity National Information Services, Inc.		122		10/15/21	USD	135.00	USD	1,484		(3,050	)
FleetCor Technologies, Inc.		111		10/15/21	USD	266.01	USD	2,900		(40,796	)
Fortive Corp.		663		10/15/21	USD	75.00	USD	4,679		(11,603	)
General Motors Co.		45		10/15/21	USD	52.50	USD	237		(8,348	)
Humana, Inc.		26		10/15/21	USD	420.00	USD	1,012		(1,495	)
Intercontinental Exchange, Inc.		307		10/15/21	USD	120.00	USD	3,525		(10,745	)
JPMorgan Chase & Co.		117		10/15/21	USD	165.00	USD	1,915		(32,643	)
Koninklijke Philips NV, NY Shares		414		10/15/21	USD	45.00	USD	1,840		(33,120	)
Laboratory Corp. of America Holdings		103		10/15/21	USD	310.00	USD	2,899		(15,192	)
Las Vegas Sands Corp.		195		10/15/21	USD	44.00	USD	714		(1,463	)
Microsoft Corp.		256		10/15/21	USD	295.00	USD	7,217		(37,248	)
Morgan Stanley		294		10/15/21	USD	105.00	USD	2,861		(15,435	)
Norfolk Southern Corp.		90		10/15/21	USD	270.00	USD	2,153		(2,025	)
O’Reilly Automotive, Inc.		62		10/15/21	USD	620.00	USD	3,789		(44,950	)
Sealed Air Corp.		211		10/15/21	USD	60.00	USD	1,156		(1,055	)
UnitedHealth Group, Inc.		150		10/15/21	USD	430.00	USD	5,861		(8,400	)
Veeva Systems, Inc., Class A		61		10/15/21	USD	330.00	USD	1,758		(1,068	)
Visa, Inc., Class A		59		10/15/21	USD	240.00	USD	1,314		(1,741	)
Vodafone Group PLC, ADR		532		10/15/21	USD	18.00	USD	822		(1,596	)
World Wrestling Entertainment, Inc., Class A		369		10/15/21	USD	50.00	USD	2,076		(249,075	)
Amazon.com, Inc.		1		10/22/21	USD	3,575.00	USD	329		(705	)
Apple, Inc.		334		10/22/21	USD	155.00	USD	4,726		(9,519	)
Applied Materials, Inc.		360		10/22/21	USD	140.00	USD	4,634		(35,460	)
Bank of America Corp.		146		10/22/21	USD	41.00	USD	620		(32,996	)
Berkshire Hathaway, Inc., Class B		340		10/22/21	USD	285.00	USD	9,280		(29,070	)
Ciena Corp.		120		10/22/21	USD	58.00	USD	616		(9,000	)
Cisco Systems, Inc.		182		10/22/21	USD	60.00	USD	991		(910	)
Comcast Corp., Class A		7		10/22/21	USD	61.00	USD	39		(84	)
ConocoPhillips		259		10/22/21	USD	59.00	USD	1,755		(238,927	)
Dollar General Corp.		144		10/22/21	USD	225.00	USD	3,055		(6,840	)
Dollar Tree, Inc.		299		10/22/21	USD	93.35	USD	2,862		(123,056	)
General Motors Co.		379		10/22/21	USD	52.00	USD	1,998		(89,633	)

3

Schedule of Investments  (unaudited) (continued) September 30, 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.		266		10/22/21	USD	165.00	USD	4,354	$	(89,110	)
Microsoft Corp.		114		10/22/21	USD	305.00	USD	3,214		(9,975	)
UnitedHealth Group, Inc.		67		10/22/21	USD	415.00	USD	2,618		(21,071	)
Visa, Inc., Class A		154		10/22/21	USD	240.00	USD	3,430		(7,546	)
CDK Global, Inc.		223		10/25/21	USD	42.50	USD	949		(27,191	)
Applied Materials, Inc.		220		10/29/21	USD	145.00	USD	2,832		(15,620	)
Ciena Corp.		118		10/29/21	USD	56.00	USD	606		(3,835	)
Ciena Corp.		107		10/29/21	USD	53.00	USD	549		(7,276	)
Coca-Cola Co.		366		10/29/21	USD	57.00	USD	1,920		(2,562	)
ConocoPhillips		676		10/29/21	USD	59.00	USD	4,581		(659,100	)
General Motors Co.		294		10/29/21	USD	53.00	USD	1,550		(69,237	)
Norfolk Southern Corp.		101		10/29/21	USD	250.00	USD	2,416		(33,330	)
Vodafone Group PLC, ADR		1,000		10/29/21	USD	17.50	USD	1,545		(9,000	)
Bank of America Corp.		256		11/03/21	USD	40.50	USD	1,087		(71,224	)
Cisco Systems, Inc.		94		11/03/21	USD	56.00	USD	512		(6,747	)
Alphabet Inc., Class A		17		11/05/21	USD	2,845.00	USD	4,545		(59,075	)
Alphabet Inc., Class A		37		11/05/21	USD	2,825.00	USD	9,892		(166,342	)
Amazon.com, Inc.		9		11/05/21	USD	3,470.00	USD	2,957		(45,900	)
Apple, Inc.		784		11/05/21	USD	148.00	USD	11,094		(193,648	)
Applied Materials, Inc.		55		11/05/21	USD	150.00	USD	708		(3,493	)
Ciena Corp.		235		11/05/21	USD	53.00	USD	1,207		(21,855	)
Cisco Systems, Inc.		257		11/05/21	USD	57.00	USD	1,399		(11,950	)
Comcast Corp., Class A		440		11/05/21	USD	58.00	USD	2,461		(41,800	)
ConocoPhillips		64		11/05/21	USD	65.00	USD	434		(29,280	)
Facebook, Inc., Class A		289		11/05/21	USD	360.00	USD	9,808		(196,520	)
Las Vegas Sands Corp.		116		11/05/21	USD	41.00	USD	425		(8,932	)
Microsoft Corp.		258		11/05/21	USD	305.00	USD	7,274		(55,470	)
Morgan Stanley		625		11/05/21	USD	104.00	USD	6,082		(91,875	)
Ross Stores, Inc.		171		11/05/21	USD	116.51	USD	1,861		(21,939	)
Taiwan Semiconductor Manufacturing Co. Ltd.		117		11/05/21	USD	117.00	USD	1,306		(22,990	)
Visa, Inc., Class A		38		11/05/21	USD	235.00	USD	846		(9,747	)
Vodafone Group PLC, ADR		531		11/05/21	USD	15.50	USD	820		(24,957	)
Fidelity National Information Services, Inc.		121		11/08/21	USD	134.00	USD	1,472		(13,322	)
CDK Global, Inc.		290		11/10/21	USD	44.25	USD	1,234		(25,069	)
Coca-Cola Co.		215		11/10/21	USD	56.10	USD	1,128		(4,662	)
Facebook, Inc., Class A		103		11/11/21	USD	366.00	USD	3,496		(55,394	)
Apple, Inc.		274		11/12/21	USD	149.50	USD	3,877		(61,450	)
CBRE Group, Inc., Class A		445		11/12/21	USD	98.25	USD	4,333		(152,604	)
ConocoPhillips		358		11/12/21	USD	65.30	USD	2,426		(166,648	)
Otis Worldwide Corp.		126		11/12/21	USD	90.50	USD	1,037		(5,713	)
Ross Stores, Inc.		171		11/12/21	USD	113.00	USD	1,861		(48,735	)
Veeva Systems, Inc., Class A		79		11/12/21	USD	321.00	USD	2,277		(20,951	)
EQT Corp.		1,119		11/15/21	USD	20.01	USD	2,289		(223,416	)
Ally Financial, Inc.		430		11/19/21	USD	55.00	USD	2,195		(43,860	)
Alphabet Inc., Class A		40		11/19/21	USD	2,875.00	USD	10,694		(154,400	)
Analog Devices, Inc.		303		11/19/21	USD	180.00	USD	5,075		(58,327	)
Apple, Inc.		260		11/19/21	USD	155.00	USD	3,679		(35,620	)
Avantor, Inc.		1,068		11/19/21	USD	45.00	USD	4,368		(74,760	)
Bank of America Corp.		145		11/19/21	USD	41.00	USD	616		(40,382	)
Berkshire Hathaway, Inc., Class B		168		11/19/21	USD	290.00	USD	4,585		(24,864	)
CDK Global, Inc.		223		11/19/21	USD	43.50	USD	949		(28,936	)
Cisco Systems, Inc.		659		11/19/21	USD	57.50	USD	3,587		(50,084	)
Coca-Cola Co.		90		11/19/21	USD	57.50	USD	472		(1,305	)
Comcast Corp., Class A		367		11/19/21	USD	57.50	USD	2,053		(51,563	)
ConocoPhillips		93		11/19/21	USD	60.00	USD	630		(82,305	)
Corteva, Inc.		195		11/19/21	USD	46.00	USD	821		(12,675	)
Dollar General Corp.		61		11/19/21	USD	230.00	USD	1,294		(5,795	)
EQT Corp.		965		11/19/21	USD	22.00	USD	1,974		(118,212	)
Facebook, Inc., Class A		76		11/19/21	USD	375.00	USD	2,579		(34,200	)
Fidelity National Financial, Inc.		126		11/19/21	USD	47.00	USD	571		(14,175	)
Fortive Corp.		376		11/19/21	USD	75.00	USD	2,653		(39,480	)
Fox Corp., Class A		242		11/19/21	USD	41.00	USD	971		(38,720	)

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Schedule of Investments  (unaudited) (continued) September 30, 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)
General Motors Co.		182		11/19/21	USD	55.00	USD	959	$	(36,764	)
Intercontinental Exchange, Inc.		343		11/19/21	USD	120.00	USD	3,938		(53,165	)
Laboratory Corp. of America Holdings		106		11/19/21	USD	300.00	USD	2,983		(56,710	)
Microsoft Corp.		251		11/19/21	USD	300.00	USD	7,076		(107,930	)
O’Reilly Automotive, Inc.		35		11/19/21	USD	610.00	USD	2,139		(88,900	)
Quanta Services, Inc.		177		11/19/21	USD	115.00	USD	2,015		(93,810	)
Ross Stores, Inc.		73		11/19/21	USD	120.00	USD	795		(9,855	)
Sanofi, ADR		923		11/19/21	USD	50.00	USD	4,450		(78,455	)
Sealed Air Corp.		183		11/19/21	USD	60.00	USD	1,003		(10,065	)
Taiwan Semiconductor Manufacturing Co. Ltd.		14		11/19/21	USD	120.00	USD	156		(2,226	)
Unilever PLC, ADR		178		11/19/21	USD	55.00	USD	965		(18,690	)
Visa, Inc., Class A		160		11/19/21	USD	240.00	USD	3,564		(35,600	)
World Wrestling Entertainment, Inc., Class A		331		11/19/21	USD	60.00	USD	1,862		(76,130	)
Quanta Services, Inc.		575		11/29/21	USD	116.50	USD	6,545		(302,095	)
Microsoft Corp.		258		12/17/21	USD	305.00	USD	7,274		(125,130	)
Sanofi, ADR		262		12/17/21	USD	50.00	USD	1,263		(28,165	)
									$	(7,170,597	)

OTC Options Written

Description	Counterparty	Number of Contracts		Expiration Date		Exercise Price			Notional Amount (000)			Value
Call
BAE Systems PLC	JPMorgan Chase Bank N.A.		19,400		10/06/21		USD	31.44		USD	593	$	(402	)
BAE Systems PLC	Bank of America N.A.		38,000		10/12/21		USD	33.08		USD	1,162		(22	)
Unilever PLC, ADR	Citibank N.A.		8,900		10/12/21		USD	58.25		USD	483		(169	)
Otis Worldwide Corp.	UBS AG		46,900		10/13/21		USD	93.03		USD	3,859		(529	)
Axalta Coating Systems Ltd.	Citibank N.A.		64,500		10/19/21		USD	30.03		USD	1,883		(44,267	)
Unilever PLC, ADR	BNP Paribas SA		51,900		10/22/21		USD	58.00		USD	2,814		(5,841	)
BAE Systems PLC	Credit Suisse International		26,000		10/26/21		USD	30.90		USD	795		(8,426	)
Ally Financial, Inc.	JPMorgan Chase Bank N.A.		34,000		10/27/21		USD	51.74		USD	1,736		(55,000	)
Corteva, Inc.	JPMorgan Chase Bank N.A.		123,800		11/02/21		USD	44.15		USD	5,210		(70,587	)
BAE Systems PLC	Citibank N.A.		27,200		11/03/21		USD	30.87		USD	832		(10,751	)
Koninklijke Philips NV, NY Shares	Goldman Sachs International		32,400		11/03/21		USD	47.91		USD	1,440		(17,276	)
Novo Nordisk A/S	Bank of America N.A.		57,300		11/03/21		USD	103.27		USD	5,501		(47,805	)
Vodafone Group PLC, ADR	Citibank N.A.		64,200		11/03/21		USD	16.93		USD	992		(2,406	)
BAE Systems PLC	Credit Suisse International		13,000		11/10/21		USD	31.22		USD	397		(4,135	)
BAE Systems PLC	Royal Bank of Canada		19,400		11/17/21		USD	31.13		USD	593		(7,508	)
Sealed Air Corp.	Royal Bank of Canada		14,600		11/19/21		USD	56.88		USD	800		(22,421	)
Sealed Air Corp.	Royal Bank of Canada		14,600		12/17/21		USD	56.88		USD	800		(20,351	)
												$	(317,896	)

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

5

Schedule of Investments  (unaudited) (continued) September 30, 2021 BlackRock Enhanced Capital and Income Fund, Inc. (CII)

Fair Value Hierarchy as of Period End (continued)

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	$	916,038,473		$	—		$	—	$	916,038,473
Short-Term Securities
Money Market Funds		13,629,459			—			—		13,629,459
	$	929,667,932		$	—		$	—	$	929,667,932
Derivative Financial Instruments(a)
Liabilities
Equity Contracts	$	(5,559,656	)	$	(1,928,837	)	$	—	$	(7,488,493	)

^(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

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