BlackRock Enhanced Capital and Income Fund (CII) NPORT-P BlackRock Enhanced Capital & Income Fund, Inc. (Mar 2024 report)

Schedule of Investments (unaudited) March 31, 2024 BlackRock Enhanced Capital and Income Fund, Inc. (CII) (Percentages shown are based on Net Assets)

Security	Shares		Value
Common Stocks
Aerospace & Defense — 1.0%
RTX Corp.		96,327	$	9,394,772
Automobile Components — 1.3%
Aptiv PLC(a)		147,551		11,752,437
Banks — 2.0%
JPMorgan Chase & Co.(b)		94,074		18,843,022
Beverages — 2.0%
Diageo PLC, ADR		69,525		10,341,149
Monster Beverage Corp.(a)		138,255		8,195,756
				18,536,905
Broadline Retail — 6.1%
Amazon.com, Inc.(a)(b)		315,060		56,830,523
Capital Markets — 3.4%
Intercontinental Exchange, Inc.(b)		147,056		20,209,906
LPL Financial Holdings, Inc.		42,434		11,211,063
				31,420,969
Chemicals — 3.0%
Axalta Coating Systems Ltd.(a)		328,337		11,291,509
Corteva, Inc.(b)		291,221		16,794,715
				28,086,224
Communications Equipment — 0.8%
Ciena Corp.(a)		155,022		7,665,838
Consumer Finance — 1.1%
American Express Co.		42,880		9,763,347
Consumer Staples Distribution & Retail(b) — 2.4%
Dollar General Corp.		62,419		9,741,109
Dollar Tree, Inc.(a)		93,491		12,448,327
				22,189,436
Electronic Equipment, Instruments & Components — 1.7%
Zebra Technologies Corp., Class A(a)		53,355		16,083,331
Entertainment — 2.1%
Electronic Arts, Inc.		88,759		11,775,657
TKO Group Holdings, Inc., Class A(b)		88,932		7,684,614
				19,460,271
Financial Services — 3.7%
Berkshire Hathaway, Inc., Class B(a)(b)		61,107		25,696,715
Voya Financial, Inc.		115,016		8,501,983
				34,198,698
Health Care Equipment & Supplies — 1.6%
Medtronic PLC		165,278		14,403,978
Health Care Providers & Services — 5.2%
Elevance Health, Inc.		20,952		10,864,450
Humana, Inc.(b)		26,758		9,277,534
Tenet Healthcare Corp.(a)		129,977		13,661,882
UnitedHealth Group, Inc.(b)		29,714		14,699,516
				48,503,382
Health Care Technology — 1.0%
Veeva Systems, Inc., Class A(a)(b)		38,850		9,001,157
Hotels, Restaurants & Leisure — 0.8%
Las Vegas Sands Corp.(b)		140,692		7,273,776

Security	Shares		Value
Household Durables — 1.8%
Sony Group Corp., ADR		190,991	$	16,375,568
Insurance — 3.5%
Fidelity National Financial, Inc., Class A		186,839		9,921,151
Progressive Corp.		61,356		12,689,648
Reinsurance Group of America, Inc.(b)		53,542		10,327,181
				32,937,980
Interactive Media & Services — 9.2%
Alphabet, Inc., Class A(a)		345,426		52,135,146
Meta Platforms, Inc., Class A(b)		69,439		33,718,190
				85,853,336
IT Services — 1.7%
Cognizant Technology Solutions Corp., Class A		215,007		15,757,863
Life Sciences Tools & Services — 3.7%
Avantor, Inc.(a)		480,445		12,284,979
Fortrea Holdings, Inc.(a)(b)		179,083		7,188,392
Thermo Fisher Scientific, Inc.		24,974		14,515,138
				33,988,509
Machinery — 3.9%
Fortive Corp.(b)		259,406		22,314,104
Otis Worldwide Corp.(b)		98,175		9,745,832
Westinghouse Air Brake Technologies Corp.		26,895		3,918,064
				35,978,000
Media — 2.5%
Comcast Corp., Class A(b)		526,089		22,805,958
Oil, Gas & Consumable Fuels — 4.1%
BP PLC, ADR		314,828		11,862,719
ConocoPhillips(b)		122,310		15,567,617
Shell PLC		332,659		11,037,450
				38,467,786
Personal Care Products — 1.0%
Unilever PLC, ADR(b)		175,796		8,823,201
Pharmaceuticals — 4.3%
Novo Nordisk A/S, ADR(b)		167,890		21,557,076
Sanofi SA, ADR		382,723		18,600,338
				40,157,414
Professional Services — 0.9%
Dun & Bradstreet Holdings, Inc.		814,663		8,179,217
Semiconductors & Semiconductor Equipment — 10.2%
Advanced Micro Devices, Inc.(a)(c)		130,199		23,499,618
Applied Materials, Inc.(b)		66,944		13,805,861
Marvell Technology, Inc.		164,777		11,679,394
Micron Technology, Inc.		163,988		19,332,545
NVIDIA Corp.		29,615		26,758,929
				95,076,347
Software — 8.9%
Microsoft Corp.(b)(c)		196,409		82,633,194
Specialty Retail — 1.7%
Ross Stores, Inc.(b)		108,234		15,884,422
Technology Hardware, Storage & Peripherals — 3.6%
Apple, Inc.(b)		195,174		33,468,438

S C H E D U L E OF I N V E S T M E N T S 1

Schedule of Investments (unaudited) (continued) March 31, 2024 BlackRock Enhanced Capital and Income Fund, Inc. (CII) (Percentages shown are based on Net Assets)

Security	Shares		Value
Textiles, Apparel & Luxury Goods — 0.8%
Skechers USA, Inc., Class A(a)		123,155	$	7,544,475
Total Long-Term Investments — 101.0% (Cost: $555,522,807)				937,339,774
Short-Term Securities
Money Market Funds — 0.9%
BlackRock Liquidity Funds, T-Fund, Institutional Class, 5.19%(d)(e)		8,728,712		8,728,712
Total Short-Term Securities — 0.9% (Cost: $8,728,712)				8,728,712
Total Investments Before Options Written — 101.9% (Cost: $564,251,519)				946,068,486
Options Written — (1.9)% (Premiums Received: $(14,971,572))				(17,741,184	)
Total Investments, Net of Options Written — 100.0% (Cost: $549,279,947)				928,327,302
Other Assets Less Liabilities — 0.0%				6,207
Net Assets — 100.0%			$	928,333,509

^(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 purposes of this report, industry and sector sub-classifications may differ from those utilized by the Trust for compliance purposes.

Affiliates

Investments in issuers considered to be affiliate(s) of the Trust during the period ended March 31, 2024 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

Affiliated Issuer	Value at 12/31/23		Purchases at Cost		Proceeds from Sales			Net Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)		Value at 03/31/24		Shares Held at 03/31/24		Income			Capital Gain Distributions from Underlying Funds
BlackRock Liquidity Funds, T-Fund, Institutional Class	$	12,932,953	$	—	$	(4,204,241	)(a)	$	—	$	—	$	8,728,712		8,728,712	$	125,814		$	—
SL Liquidity Series, LLC, Money Market Series(b)		397,512		—		(397,856	)(a)		305		39		—		—		214	(c)		—
								$	305	$	39	$	8,728,712			$	126,028		$	—

^(a)  Represents net amount purchased (sold).

^(b)  As of period end, the entity is no longer held.

^(c)  All or a portion represents securities lending income earned from the reinvestment of cash collateral from loaned securities, net of fees and collateral investment expenses, and other payments to and from borrowers of securities.

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
Fidelity National Financial, Inc., Class A		381		04/03/24		USD	53.50		USD	2,023	$	(25,205	)
Amazon.com, Inc.		358		04/05/24		USD	180.00		USD	6,458		(83,056	)
Apple, Inc.		124		04/05/24		USD	180.00		USD	2,126		(1,054	)
Comcast Corp., Class A		134		04/05/24		USD	44.00		USD	581		(1,742	)
Dollar Tree, Inc.		137		04/05/24		USD	148.00		USD	1,824		(17,399	)
Humana, Inc.		53		04/05/24		USD	380.00		USD	1,838		(3,048	)
JPMorgan Chase & Co.		147		04/05/24		USD	190.00		USD	2,944		(161,700	)
Las Vegas Sands Corp.		285		04/05/24		USD	57.00		USD	1,473		(1,425	)
Medtronic PLC		34		04/05/24		USD	87.00		USD	296		(2,618	)
NVIDIA Corp.		16		04/05/24		USD	860.00		USD	1,446		(78,400	)

2

Schedule of Investments (unaudited) (continued) March 31, 2024 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)
Ross Stores, Inc.		195		04/05/24		USD	152.50		USD	2,862	$	(1,950	)
Otis Worldwide Corp.		193		04/08/24		USD	87.00		USD	1,916		(242,145	)
Alphabet, Inc., Class A		388		04/12/24		USD	139.00		USD	5,856		(489,850	)
Las Vegas Sands Corp.		82		04/12/24		USD	54.00		USD	424		(3,362	)
Medtronic PLC		53		04/12/24		USD	86.00		USD	462		(9,646	)
Microsoft Corp.		140		04/12/24		USD	415.00		USD	5,890		(136,500	)
Microsoft Corp.		239		04/12/24		USD	420.00		USD	10,055		(158,337	)
NVIDIA Corp.		35		04/12/24		USD	925.00		USD	3,162		(76,300	)
Ross Stores, Inc.		106		04/12/24		USD	152.50		USD	1,556		(2,120	)
Sony Group Corp., ADR		300		04/12/24		USD	91.00		USD	2,572		(4,500	)
Alphabet, Inc., Class A		581		04/19/24		USD	150.00		USD	8,769		(232,400	)
Amazon.com, Inc.		563		04/19/24		USD	170.00		USD	10,155		(651,672	)
Amazon.com, Inc.		493		04/19/24		USD	182.50		USD	8,893		(152,830	)
American Express Co.		92		04/19/24		USD	210.00		USD	2,095		(173,650	)
Apple, Inc.		290		04/19/24		USD	190.00		USD	4,973		(3,045	)
Applied Materials, Inc.		165		04/19/24		USD	200.00		USD	3,403		(172,012	)
Aptiv PLC		351		04/19/24		USD	83.00		USD	2,796		(37,809	)
Aptiv PLC		114		04/19/24		USD	82.50		USD	908		(13,965	)
Avantor, Inc.		588		04/19/24		USD	23.98		USD	1,504		(108,503	)
Axalta Coating Systems Ltd.		1,181		04/19/24		USD	33.00		USD	4,061		(188,960	)
Berkshire Hathaway, Inc., Class B		181		04/19/24		USD	420.00		USD	7,611		(110,410	)
BP PLC, ADR		920		04/19/24		USD	37.00		USD	3,467		(101,200	)
Ciena Corp.		503		04/19/24		USD	60.00		USD	2,487		(3,773	)
Comcast Corp., Class A		1,564		04/19/24		USD	42.50		USD	6,780		(191,590	)
ConocoPhillips		226		04/19/24		USD	115.00		USD	2,877		(284,195	)
Corteva, Inc.		983		04/19/24		USD	55.00		USD	5,669		(309,645	)
Diageo PLC, ADR		278		04/19/24		USD	155.00		USD	4,135		(14,595	)
Dollar General Corp.		147		04/19/24		USD	145.00		USD	2,294		(175,297	)
Electronic Arts, Inc.		240		04/19/24		USD	145.00		USD	3,184		(18,600	)
Elevance Health, Inc.		52		04/19/24		USD	510.00		USD	2,696		(89,700	)
Fortive Corp.		1,234		04/19/24		USD	83.93		USD	10,615		(358,436	)
Fortrea Holdings, Inc.		195		04/19/24		USD	40.00		USD	783		(27,788	)
Intercontinental Exchange, Inc.		326		04/19/24		USD	136.92		USD	4,480		(70,838	)
JPMorgan Chase & Co.		162		04/19/24		USD	190.00		USD	3,245		(176,985	)
LPL Financial Holdings, Inc.		143		04/19/24		USD	270.00		USD	3,778		(61,490	)
Marvell Technology, Inc.		139		04/19/24		USD	72.50		USD	985		(37,044	)
Meta Platforms, Inc., Class A		80		04/19/24		USD	475.00		USD	3,885		(159,800	)
Microsoft Corp.		424		04/19/24		USD	415.00		USD	17,839		(471,700	)
Monster Beverage Corp.		500		04/19/24		USD	57.50		USD	2,964		(118,750	)
Novo Nordisk A/S, ADR		611		04/19/24		USD	140.00		USD	7,845		(25,357	)
NVIDIA Corp.		35		04/19/24		USD	925.00		USD	3,162		(105,350	)
Otis Worldwide Corp.		174		04/19/24		USD	91.25		USD	1,727		(148,640	)
Progressive Corp.		193		04/19/24		USD	188.00		USD	3,992		(390,051	)
Reinsurance Group of America, Inc.		188		04/19/24		USD	165.00		USD	3,626		(532,040	)
Reinsurance Group of America, Inc.		160		04/19/24		USD	190.00		USD	3,086		(78,400	)
Ross Stores, Inc.		118		04/19/24		USD	150.00		USD	1,732		(12,095	)
RTX Corp.		232		04/19/24		USD	90.00		USD	2,263		(187,340	)
Sanofi SA, ADR		756		04/19/24		USD	47.50		USD	3,674		(119,070	)
Skechers USA, Inc., Class A		462		04/19/24		USD	60.00		USD	2,830		(105,105	)
Skechers USA, Inc., Class A		433		04/19/24		USD	65.00		USD	2,653		(12,990	)
Tenet Healthcare Corp.		130		04/19/24		USD	90.00		USD	1,366		(204,750	)
Thermo Fisher Scientific, Inc.		16		04/19/24		USD	570.00		USD	930		(30,240	)
Thermo Fisher Scientific, Inc.		73		04/19/24		USD	600.00		USD	4,243		(29,930	)
TKO Group Holdings, Inc., Class A		405		04/19/24		USD	85.00		USD	3,500		(120,487	)
Unilever PLC, ADR		497		04/19/24		USD	50.00		USD	2,494		(42,245	)
Unilever PLC, ADR		57		04/19/24		USD	51.22		USD	286		(1,484	)
UnitedHealth Group, Inc.		93		04/19/24		USD	510.00		USD	4,601		(55,800	)
Veeva Systems, Inc., Class A		126		04/19/24		USD	240.00		USD	2,919		(31,185	)
Voya Financial, Inc.		374		04/19/24		USD	72.50		USD	2,765		(84,150	)
Westinghouse Air Brake Technologies Corp.		174		04/19/24		USD	140.00		USD	2,535		(113,970	)
Zebra Technologies Corp., Class A		130		04/19/24		USD	290.00		USD	3,919		(212,550	)
Advanced Micro Devices, Inc.		123		04/26/24		USD	187.50		USD	2,220		(75,338	)

S C H E D U L E OF I N V E S T M E N T S 3

Schedule of Investments (unaudited) (continued) March 31, 2024 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)
Alphabet, Inc., Class A		477		04/26/24		USD	149.00		USD	7,199	$	(304,087	)
Amazon.com, Inc.		285		04/26/24		USD	190.00		USD	5,141		(95,475	)
American Express Co.		93		04/26/24		USD	225.00		USD	2,118		(77,887	)
Apple, Inc.		222		04/26/24		USD	180.00		USD	3,807		(24,309	)
Comcast Corp., Class A		423		04/26/24		USD	44.00		USD	1,834		(41,454	)
ConocoPhillips		107		04/26/24		USD	121.00		USD	1,362		(80,517	)
Dollar Tree, Inc.		208		04/26/24		USD	132.00		USD	2,770		(80,080	)
JPMorgan Chase & Co.		140		04/26/24		USD	195.00		USD	2,804		(105,350	)
Medtronic PLC		64		04/26/24		USD	86.00		USD	558		(15,776	)
Meta Platforms, Inc., Class A		133		04/26/24		USD	545.00		USD	6,458		(106,732	)
Meta Platforms, Inc., Class A		78		04/26/24		USD	520.00		USD	3,788		(108,420	)
Micron Technology, Inc.		119		04/26/24		USD	99.00		USD	1,403		(229,967	)
Microsoft Corp.		302		04/26/24		USD	425.00		USD	12,706		(264,250	)
Novo Nordisk A/S, ADR		238		04/26/24		USD	137.00		USD	3,056		(24,752	)
NVIDIA Corp.		32		04/26/24		USD	920.00		USD	2,891		(125,360	)
RTX Corp.		153		04/26/24		USD	94.00		USD	1,492		(69,233	)
Thermo Fisher Scientific, Inc.		73		04/26/24		USD	600.00		USD	4,243		(46,355	)
UnitedHealth Group, Inc.		49		04/26/24		USD	505.00		USD	2,424		(42,140	)
Alphabet, Inc., Class A		477		05/03/24		USD	150.00		USD	7,199		(281,430	)
Amazon.com, Inc.		348		05/03/24		USD	190.00		USD	6,277		(156,600	)
Apple, Inc.		290		05/03/24		USD	175.00		USD	4,973		(116,000	)
Applied Materials, Inc.		62		05/03/24		USD	215.00		USD	1,279		(34,410	)
Berkshire Hathaway, Inc., Class B		216		05/03/24		USD	415.00		USD	9,083		(257,580	)
Comcast Corp., Class A		404		05/03/24		USD	44.00		USD	1,751		(47,268	)
Dollar General Corp.		102		05/03/24		USD	160.00		USD	1,592		(34,170	)
Electronic Arts, Inc.		115		05/03/24		USD	133.00		USD	1,526		(26,163	)
Humana, Inc.		2		05/03/24		USD	360.00		USD	69		(2,010	)
JPMorgan Chase & Co.		162		05/03/24		USD	200.00		USD	3,245		(81,000	)
Las Vegas Sands Corp.		195		05/03/24		USD	53.00		USD	1,008		(32,565	)
Marvell Technology, Inc.		50		05/03/24		USD	72.00		USD	354		(18,500	)
Medtronic PLC		111		05/03/24		USD	85.00		USD	967		(35,631	)
Meta Platforms, Inc., Class A		61		05/03/24		USD	560.00		USD	2,962		(46,665	)
Micron Technology, Inc.		122		05/03/24		USD	119.00		USD	1,438		(65,575	)
Microsoft Corp.		171		05/03/24		USD	430.00		USD	7,194		(179,550	)
Ross Stores, Inc.		284		05/03/24		USD	148.00		USD	4,168		(78,810	)
Sony Group Corp., ADR		463		05/03/24		USD	88.00		USD	3,970		(97,230	)
Advanced Micro Devices, Inc.		92		05/10/24		USD	195.00		USD	1,661		(61,640	)
Advanced Micro Devices, Inc.		45		05/17/24		USD	185.00		USD	812		(53,438	)
Alphabet, Inc., Class A		322		05/17/24		USD	155.00		USD	4,860		(177,905	)
American Express Co.		93		05/17/24		USD	230.00		USD	2,118		(73,005	)
Apple, Inc.		126		05/17/24		USD	180.00		USD	2,161		(38,115	)
Apple, Inc.		216		05/17/24		USD	185.00		USD	3,704		(38,232	)
Applied Materials, Inc.		208		05/17/24		USD	200.00		USD	4,290		(322,400	)
Aptiv PLC		494		05/17/24		USD	85.00		USD	3,935		(109,915	)
Avantor, Inc.		1,546		05/17/24		USD	26.00		USD	3,953		(150,735	)
BP PLC, ADR		339		05/17/24		USD	39.00		USD	1,277		(21,696	)
Ciena Corp.		504		05/17/24		USD	60.00		USD	2,492		(10,080	)
Cognizant Technology Solutions Corp., Class A		204		05/17/24		USD	77.50		USD	1,495		(19,380	)
ConocoPhillips		77		05/17/24		USD	125.00		USD	980		(43,505	)
Dollar Tree, Inc.		122		05/17/24		USD	135.00		USD	1,624		(49,410	)
Elevance Health, Inc.		53		05/17/24		USD	520.00		USD	2,748		(91,160	)
Fidelity National Financial, Inc., Class A		838		05/17/24		USD	50.00		USD	4,450		(435,760	)
Fortive Corp.		503		05/17/24		USD	84.25		USD	4,327		(203,415	)
Fortrea Holdings, Inc.		552		05/17/24		USD	35.00		USD	2,216		(325,680	)
Intercontinental Exchange, Inc.		645		05/17/24		USD	139.16		USD	8,864		(180,169	)
LPL Financial Holdings, Inc.		151		05/17/24		USD	268.75		USD	3,989		(151,169	)
Marvell Technology, Inc.		140		05/17/24		USD	85.00		USD	992		(14,350	)
Medtronic PLC		68		05/17/24		USD	85.00		USD	593		(26,010	)
Meta Platforms, Inc., Class A		99		05/17/24		USD	500.00		USD	4,807		(261,855	)
Micron Technology, Inc.		62		05/17/24		USD	95.00		USD	731		(147,250	)
Micron Technology, Inc.		62		05/17/24		USD	115.00		USD	731		(52,080	)
Novo Nordisk A/S, ADR		242		05/17/24		USD	130.00		USD	3,107		(137,940	)

4

Schedule of Investments (unaudited) (continued) March 31, 2024 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)
Otis Worldwide Corp.		271		05/17/24		USD	97.75		USD	2,690	$	(103,337	)
Progressive Corp.		205		05/17/24		USD	200.00		USD	4,240		(252,150	)
Sanofi SA, ADR		816		05/17/24		USD	50.10		USD	3,966		(57,189	)
Tenet Healthcare Corp.		130		05/17/24		USD	100.00		USD	1,366		(122,200	)
Unilever PLC, ADR		326		05/17/24		USD	51.22		USD	1,636		(22,104	)
UnitedHealth Group, Inc.		51		05/17/24		USD	490.00		USD	2,523		(103,402	)
Veeva Systems, Inc., Class A		126		05/17/24		USD	240.00		USD	2,919		(70,560	)
Voya Financial, Inc.		400		05/17/24		USD	70.00		USD	2,957		(216,000	)
Zebra Technologies Corp., Class A		93		05/17/24		USD	290.00		USD	2,803		(234,360	)
Cognizant Technology Solutions Corp., Class A		227		06/21/24		USD	77.50		USD	1,664		(41,428	)
ConocoPhillips		79		06/21/24		USD	130.00		USD	1,006		(35,155	)
Elevance Health, Inc.		31		06/21/24		USD	530.00		USD	1,607		(51,305	)
Micron Technology, Inc.		290		06/21/24		USD	120.00		USD	3,419		(247,225	)
											$	(16,921,616	)

OTC Options Written

Description	Counterparty	Number of Contracts		Expiration Date		Exercise Price			Notional Amount (000)			Value
Call
Shell PLC	UBS AG		70,000		04/02/24		GBP	25.38		GBP	1,840	$	(79,956	)
Axalta Coating Systems Ltd.	Bank of America N.A.		108,000		04/03/24		USD	32.77		USD	3,714		(188,159	)
Corteva, Inc.	Citibank N.A.		96,800		04/03/24		USD	56.37		USD	5,582		(152,565	)
Dun & Bradstreet Holdings, Inc.	Goldman Sachs International		42,700		04/22/24		USD	11.36		USD	429		(621	)
Shell PLC	Goldman Sachs International		40,600		04/25/24		GBP	25.98		GBP	1,067		(36,907	)
Zebra Technologies Corp., Class A	Morgan Stanley & Co. International PLC		13,300		04/25/24		USD	288.82		USD	4,009		(280,229	)
Monster Beverage Corp.	Citibank N.A.		39,800		04/30/24		USD	62.31		USD	2,359		(18,388	)
Shell PLC	Morgan Stanley & Co. International PLC		22,500		05/10/24		GBP	25.97		GBP	591		(25,544	)
Dun & Bradstreet Holdings, Inc.	Citibank N.A.		119,400		05/22/24		USD	10.57		USD	1,199		(37,199	)
												$	(819,568	)

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.

S C H E D U L E OF I N V E S T M E N T S 5

Schedule of Investments (unaudited) (continued) March 31, 2024 BlackRock Enhanced Capital and Income Fund, Inc. (CII)

Fair Value Hierarchy as of Period End (continued)

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
Aerospace & Defense	$	9,394,772		$	—		$	—	$	9,394,772
Automobile Components		11,752,437			—			—		11,752,437
Banks		18,843,022			—			—		18,843,022
Beverages		18,536,905			—			—		18,536,905
Broadline Retail		56,830,523			—			—		56,830,523
Capital Markets		31,420,969			—			—		31,420,969
Chemicals		28,086,224			—			—		28,086,224
Communications Equipment		7,665,838			—			—		7,665,838
Consumer Finance		9,763,347			—			—		9,763,347
Consumer Staples Distribution & Retail		22,189,436			—			—		22,189,436
Electronic Equipment, Instruments & Components		16,083,331			—			—		16,083,331
Entertainment		19,460,271			—			—		19,460,271
Financial Services		34,198,698			—			—		34,198,698
Health Care Equipment & Supplies		14,403,978			—			—		14,403,978
Health Care Providers & Services		48,503,382			—			—		48,503,382
Health Care Technology		9,001,157			—			—		9,001,157
Hotels, Restaurants & Leisure		7,273,776			—			—		7,273,776
Household Durables		16,375,568			—			—		16,375,568
Insurance		32,937,980			—			—		32,937,980
Interactive Media & Services		85,853,336			—			—		85,853,336
IT Services		15,757,863			—			—		15,757,863
Life Sciences Tools & Services		33,988,509			—			—		33,988,509
Machinery		35,978,000			—			—		35,978,000
Media		22,805,958			—			—		22,805,958
Oil, Gas & Consumable Fuels		27,430,336			11,037,450			—		38,467,786
Personal Care Products		8,823,201			—			—		8,823,201
Pharmaceuticals		40,157,414			—			—		40,157,414
Professional Services		8,179,217			—			—		8,179,217
Semiconductors & Semiconductor Equipment		95,076,347			—			—		95,076,347
Software		82,633,194			—			—		82,633,194
Specialty Retail		15,884,422			—			—		15,884,422
Technology Hardware, Storage & Peripherals		33,468,438			—			—		33,468,438
Textiles, Apparel & Luxury Goods		7,544,475			—			—		7,544,475
Short-Term Securities
Money Market Funds		8,728,712			—			—		8,728,712
	$	935,031,036		$	11,037,450		$	—	$	946,068,486
Derivative Financial Instruments(a)
Liabilities
Equity Contracts	$	(14,821,122	)	$	(2,920,062	)	$	—	$	(17,741,184	)

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

Currency Abbreviation
GBP	British Pound
USD	United States Dollar
Portfolio Abbreviation
ADR	American Depositary Receipt

6