BlackRock Global Opportunities Equity Trust (BOE)

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED

MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number 811-21729

Name of Fund: BlackRock Global Opportunities Equity Trust (BOE)

Fund Address: 100 Bellevue Parkway, Wilmington, DE 19809

Name and address of agent for service: John M. Perlowski, Chief Executive Officer, BlackRock Global Opportunities Equity Trust, 55 East 52nd Street, New York, NY 10055

Registrant’s telephone number, including area code: (800) 882-0052, Option 4

Date of fiscal year end: 10/31/2012

Date of reporting period: 07/31/2012

Item 1 – Schedule of Investments

 

 

Schedule of Investments July 31, 2012 (Unaudited)

  

 

BlackRock Global Opportunities Equity Trust (BOE)

(Percentages shown are based on Net Assets)

 

Common Stocks   Shares     Value  

Australia – 1.1%

    

Australia & New Zealand Banking Group Ltd.

     167,600      $ 4,121,145   

Newcrest Mining Ltd.

     192,200        4,700,285   

PanAust Ltd. (a)

     880,900        2,179,047   
   

 

 

  
      11,000,477   

 

  

Belgium – 0.8%

    

Anheuser-Busch InBev NV

     106,659        8,439,228   

 

  

Bermuda – 1.0%

    

PartnerRe Ltd. (b)

     69,000        4,998,360   

Seadrill Ltd.

     135,500        5,280,640   
   

 

 

  
      10,279,000   

 

  

Brazil – 1.1%

    

Banco Bradesco SA - ADR (b)

     363,100        5,569,954   

Banco Bradesco SA, Preference Shares

     104,000        1,594,612   

BM&FBovespa SA

     722,244        4,063,768   
   

 

 

  
      11,228,334   

 

  

British Virgin Islands – 0.4%

    

Arcos Dorados Holdings, Inc., Class A (b)

     345,500        4,519,140   

 

  

Canada – 2.5%

    

First Quantum Minerals Ltd. (b)

     169,800        3,083,271   

Saputo, Inc. (b)

     140,400        5,982,243   

Suncor Energy, Inc. (b)

     140,200        4,281,708   

The Toronto-Dominion Bank (b)

     58,800        4,627,308   

TransCanada Corp. (b)

     168,700        7,682,634   
   

 

 

  
      25,657,164   

 

  

China – 1.4%

    

Air China Ltd., Class H

     3,192,000        2,246,481   

China Construction Bank Corp., H Shares

     9,100,200        6,114,759   

China Eastern Airlines Corp. Ltd., H Shares (a)

     4,188,000        1,456,105   

China Southern Airlines Corp. Ltd., H Shares

     4,031,200        1,989,555   

Zoomlion Heavy Industry Science and
Technology Co. Ltd., Class H (c)

     2,308,600        2,563,638   
   

 

 

  
      14,370,538   

 

  

France – 3.2%

    

Arkema SA

     30,600        2,252,418   

BNP Paribas SA

     78,180        2,887,959   

Danone SA (b)

     130,800        7,950,511   

LVMH Moet Hennessy Louis Vuitton SA (b)

     41,600        6,257,944   

Sanofi SA

     167,200        13,641,499   
   

 

 

  
      32,990,331   

 

  

Germany – 5.8%

    

Allianz SE

     58,300        5,783,875   

Continental AG

     34,500        3,119,399   

Daimler AG

     123,700        6,163,432   

Deutsche Bank AG

     204,500        6,208,781   
Common Stocks   Shares     Value  

Germany (continued)

    

Deutsche Lufthansa AG

     467,800      $ 5,880,243   

GSW Immobilien AG

     53,800        1,978,842   

Infineon Technologies AG

     578,908        4,206,542   

Merck KGaA

     61,600        6,195,331   

SAP AG - ADR (b)

     162,000        10,264,320   

Volkswagen AG, Preference Shares

     56,700        9,648,810   
   

 

 

  
      59,449,575   

 

  

Hong Kong – 1.7%

    

AIA Group Ltd.

     2,481,000        8,668,146   

BOC Hong Kong Holdings Ltd.

     1,748,500        5,347,921   

Wharf Holdings Ltd.

     606,200        3,490,848   
   

 

 

  
      17,506,915   

 

  

India – 0.6%

    

ICICI Bank Ltd.

     133,400        2,295,641   

Jubilant Foodworks Ltd. (a)

     163,594        3,296,274   
   

 

 

  
      5,591,915   

 

  

Indonesia – 0.3%

    

Tower Bersama Infrastructure Tbk PT

     7,041,700        2,911,985   

 

  

Ireland – 1.3%

    

Accenture Plc, Class A (b)

     53,300        3,213,990   

Ingersoll-Rand Plc (b)

     225,200        9,550,732   
   

 

 

  
      12,764,722   

 

  

Italy – 0.8%

    

Eni SpA

     254,200        5,241,694   

Intesa Sanpaolo SpA

     1,945,300        2,458,992   
   

 

 

  
      7,700,686   

 

  

Japan – 4.7%

    

Advantest Corp.

     232,500        2,950,350   

Bridgestone Corp.

     177,500        3,998,018   

Hino Motors Ltd.

     643,700        4,448,328   

Hitachi Ltd.

     514,000        3,030,258   

Honda Motor Co. Ltd.

     179,500        5,706,360   

ORIX Corp.

     52,800        4,991,575   

Softbank Corp.

     177,500        6,772,301   

Sumitomo Mitsui Financial Group, Inc.

     149,800        4,717,398   

Tokio Marine Holdings, Inc.

     290,800        6,662,859   

Yahoo Japan Corp.

     13,233        4,840,949   
   

 

 

  
      48,118,396   

 

  

Mexico – 0.5%

    

Fomento Economico Mexicano SAB de
CV - ADR

     59,800        5,108,116   

 

  
 

 

    Portfolio Abbreviations

 

To simplify the listings of portfolio holdings in the Schedule of Investments, the names and descriptions of many securities have been abbreviated according to the following list:    ADR    American Depositary Receipt    HKD    Hong Kong Dollar
   AUD    Australian Dollar    JPY    Japanese Yen
   BRL    Brazil Real    NOK    Norwegian Krone
   CAD    Canadian Dollar    REIT    Real Estate Investment Trust
   CHF    Swiss Franc    SEK    Swedish Krona
   EUR    Euro    SGD    Singapore Dollar
   GBP    British Pound    TWD    Taiwan Dollar
   GDR    Global Depositary Receipt    USD    US Dollar

 

                 
        JULY 31, 2012    1

 

 

Schedule of Investments (continued)

  

 

BlackRock Global Opportunities Equity Trust (BOE)

(Percentages shown are based on Net Assets)

 

Common Stocks   Shares     Value  

Netherlands – 2.3%

    

Akzo Nobel NV

     110,900      $ 5,985,772   

Corio NV - REIT

     41,783        1,845,667   

Royal Dutch Shell Plc, Class A - ADR

     166,400        11,348,480   

Unilever NV

     122,800        4,263,367   
   

 

 

  
      23,443,286   

 

  

Norway – 0.7%

    

Statoil ASA

     278,800        6,626,123   

 

  

Russia – 0.4%

    

Magnit OJSC - GDR

     144,900        3,724,278   

 

  

Singapore – 0.8%

    

Keppel Corp. Ltd.

     874,000        7,822,283   

 

  

South Korea – 0.6%

    

Samsung Electronics Co. Ltd.

     5,250        6,034,987   

 

  

Spain – 0.2%

    

Telefonica SA

     199,100        2,258,449   

 

  

Sweden – 2.4%

    

Svenska Cellulosa AB, B Shares

     946,527        16,073,641   

Volvo AB, B Shares

     710,700        8,744,793   
   

 

 

  
      24,818,434   

 

  

Switzerland – 2.2%

    

Julius Baer Group Ltd.

     144,400        5,157,937   

Roche Holding AG

     73,100        12,944,227   

Xstrata Plc

     322,100        4,256,465   
   

 

 

  
      22,358,629   

 

  

Taiwan – 0.7%

    

First Financial Holding Co. Ltd.

     7,954,460        4,810,369   

Taiwan Semiconductor Manufacturing
Co. Ltd. - ADR

     189,500        2,647,315   
   

 

 

  
      7,457,684   

 

  

Thailand — 0.5%

    

Bangkok Bank PCL - NVDR

     847,300        5,248,598   

 

  

United Kingdom – 8.9%

    

Afren Plc (a)

     1,726,700        3,444,396   

Aveva Group Plc

     80,200        2,240,079   

Barclays Plc - ADR (b)

     114,500        1,197,670   

BG Group Plc

     271,000        5,334,681   

BP Plc

     1,298,300        8,620,574   

British American Tobacco Plc

     282,300        14,994,140   

Diageo Plc

     288,400        7,708,812   

Experian Plc

     545,100        8,082,762   

HSBC Holdings Plc

     842,630        7,039,382   

Inmarsat Plc

     596,400        4,586,002   

National Grid Plc

     699,300        7,253,657   

Subsea 7 SA

     205,100        4,286,770   

Unilever Plc

     139,700        5,009,114   

Veripos, Inc. (a)

     20,510        39,471   

Vodafone Group Plc - ADR (b)

     374,800        10,775,500   
   

 

 

  
      90,613,010   

 

  

United States – 51.2%

    

Abbott Laboratories

     115,900        7,685,329   

Allergan, Inc. (b)

     65,000        5,334,550   

Amazon.Com, Inc. (a)(b)

     23,900        5,575,870   

American Electric Power Co., Inc. (b)

     159,000        6,716,160   

Amgen, Inc. (b)

     156,900        12,959,940   

Apple, Inc. (b)

     42,600        26,018,376   

AT&T Inc. (b)

     253,000        9,593,760   

Biogen Idec, Inc. (a)(b)

     37,361        5,448,355   

Cardinal Health, Inc. (b)

     122,000        5,256,980   

Celgene Corp. (a)(b)

     112,600        7,708,596   
Common Stocks   Shares     Value  

United States (continued)

    

Cisco Systems, Inc. (b)

     299,200      $ 4,772,240   

Citigroup, Inc. (b)

     108,390        2,940,621   

The Clorox Co.

     61,100        4,442,581   

Comcast Corp., Class A (b)

     240,600        7,831,530   

ConAgra Foods, Inc.

     241,500        5,962,635   

Costco Wholesale Corp. (b)

     87,100        8,377,278   

Crown Holdings, Inc. (a)(b)

     181,000        6,497,900   

CSX Corp. (b)

     243,500        5,585,890   

DIRECTV, Class A (a)(b)

     167,500        8,318,050   

Dominion Resources, Inc.

     143,900        7,815,209   

Eaton Corp. (b)

     182,200        7,987,648   

eBay, Inc. (a)(b)

     223,100        9,883,330   

EMC Corp. (a)

     201,000        5,268,210   

EQT Corp. (b)

     76,200        4,297,680   

The Estee Lauder Cos., Inc., Class A (b)

     127,200        6,662,736   

Exelon Corp.

     174,100        6,810,792   

Express Scripts Holding Co. (a)(b)

     72,800        4,218,032   

Exxon Mobil Corp. (b)

     238,100        20,678,985   

Federal Realty Investment Trust - REIT

     46,200        5,020,092   

FedEx Corp. (b)

     90,300        8,154,090   

The Gap, Inc. (b)

     180,000        5,308,200   

The Goldman Sachs Group, Inc. (b)

     57,700        5,821,930   

Google, Inc., Class A (a)(b)

     16,500        10,444,005   

The Hain Celestial Group, Inc. (a)(b)

     42,419        2,362,314   

Intel Corp. (b)

     166,300        4,273,910   

International Business Machines Corp. (b)

     16,500        3,233,670   

International Paper Co. (b)

     180,500        5,922,205   

Intuit, Inc. (b)

     87,500        5,076,750   

Intuitive Surgical, Inc. (a)

     2,468        1,188,342   

Johnson & Johnson (b)

     217,800        15,076,116   

JPMorgan Chase & Co. (b)

     227,500        8,190,000   

KeyCorp (b)

     1,028,400        8,206,632   

Kraft Foods, Inc., Class A (b)

     269,300        10,693,903   

Las Vegas Sands Corp. (b)

     115,700        4,213,794   

Liberty Global, Inc., Class A (a)

     127,300        6,718,894   

Linear Technology Corp. (b)

     149,294        4,814,732   

Lowe’s Cos., Inc. (b)

     222,000        5,632,140   

Mastercard, Inc. (b)

     11,900        5,195,183   

Merck & Co., Inc. (b)

     174,200        7,694,414   

MetLife, Inc. (b)

     174,100        5,357,057   

Monsanto Co. (b)

     80,700        6,909,534   

The Nasdaq OMX Group, Inc. (b)

     217,500        4,937,250   

NetApp, Inc. (a)(b)

     323,400        10,565,478   

NII Holdings, Inc. (a)(b)

     66,400        448,200   

NIKE, Inc., Class B

     52,600        4,910,210   

Occidental Petroleum Corp. (b)

     92,800        8,076,384   

Owens Corning (a)(b)

     177,800        4,775,708   

Perrigo Co. (b)

     35,700        4,070,514   

Pfizer, Inc. (b)

     222,700        5,353,708   

PPL Corp.

     132,900        3,840,810   

Reynolds American, Inc. (b)

     114,500        5,297,915   

Rockwell Automation, Inc. (b)

     82,000        5,523,520   

Rowan Cos. Plc, Class A (a)(b)

     126,000        4,426,380   

Schlumberger Ltd. (b)

     131,400        9,363,564   

SPX Corp. (b)

     101,000        6,132,720   

Teradata Corp. (a)(b)

     150,280        10,161,934   

TIBCO Software, Inc. (a)(b)

     177,060        4,973,615   

Time Warner, Inc. (b)

     252,000        9,858,240   

United Rentals, Inc. (a)(b)

     171,000        4,943,610   

Verizon Communications, Inc. (b)

     154,600        6,978,644   

Vertex Pharmaceuticals, Inc. (a)(b)

     88,500        4,293,135   

Visa, Inc., Class A (b)

     42,700        5,511,289   
 

 

                 
2         JULY 31, 2012   

 

 

Schedule of Investments (continued)

  

 

BlackRock Global Opportunities Equity Trust (BOE)

(Percentages shown are based on Net Assets)

 

Common Stocks   Shares     Value  

United States (concluded)

    

Wells Fargo & Co. (b)

     471,500      $ 15,941,415   

Weyerhaeuser Co. - REIT

     84,626        1,976,017   

Whirlpool Corp. (b)

     82,400        5,566,944   

Zimmer Holdings, Inc. (b)

     119,200        7,024,456   
   

 

 

  
      521,108,830   

 

  

Total Long Term Investments

(Cost – $991,772,315) – 98.1%

  

  

     999,151,113   

 

  
   
   

Short-Term Securities

    

 

  

BlackRock Liquidity Funds, TempFund, Institutional Class, 0.15% (d)(f)

     33,202,675        33,202,675   

 

  
    

Beneficial
Interest

(000)

         

BlackRock Liquidity Series, LLC Money Market Series,
0.30% (d)(e)(f)

   $ 868        867,734   

 

  

Total Short-Term Securities

(Cost – $34,070,409) – 3.3%

  

  

     34,070,409   

 

  

Total Investments Before Outstanding Options Written

(Cost – $1,025,842,724*) – 101.4%

   

  

     1,033,221,522   

 

  

    

    
   
Options Written   Contracts         

Exchange-Traded Call Options – (0.8)%

  

  

Accenture Plc, Class A, Strike Price USD 60, Expires 8/20/12

     310        (40,300 ) 

Allergan, Inc., Strike Price USD 90, Expires 8/20/12

     358        (17,005 ) 

Amazon.Com, Inc., Strike Price USD 225, Expires 8/20/12

     130        (148,525 ) 

American Electric Power Co., Inc., Strike Price USD 40, Expires 8/20/12

     873        (200,790 ) 

Amgen, Inc.:

    

Strike Price USD 78.50, Expires 8/18/12

     265        (115,095 ) 

Strike Price USD 75, Expires 8/20/12

     55        (42,487 ) 

Strike Price USD 80, Expires 8/20/12

     165        (52,800 ) 

Strike Price USD 77.50, Expires 9/24/12

     380        (222,300 ) 

Apple, Inc.:

    

Strike Price USD 585, Expires 8/20/12

     55        (155,512 ) 

Strike Price USD 590, Expires 8/20/12

     65        (157,788 ) 

Strike Price USD 615, Expires 8/20/12

     63        (57,488 ) 

Strike Price USD 595, Expires 9/24/12

     50        (150,125 ) 

Arcos Dorados Holdings, Inc., Class A:

    

Strike Price USD 17.50, Expires 8/20/12

     500        (2,500 ) 

Strike Price USD 15, Expires 9/24/12

     510        (17,850 ) 

AT&T Inc., Strike Price USD 35.75, Expires 8/29/12

     710        (154,727 ) 

Banco Bradesco SA - ADR, Strike Price USD 15, Expires 8/20/12

     1,015        (62,930 ) 

Barclays Plc - ADR:

    

Strike Price USD 10, Expires 8/20/12

     315        (19,688 ) 

Strike Price USD 10, Expires 9/24/12

     315        (29,925 ) 
Options Written   Contracts     Value  

Exchange-Traded Call Options (continued)

  

Biogen Idec, Inc.:

    

Strike Price USD 145, Expires 8/20/12

     100      $ (33,500 ) 

Strike Price USD 145, Expires 9/24/12

     105        (61,425 ) 

Cardinal Health, Inc., Strike Price USD 43, Expires 8/20/12

     670        (73,700 ) 

Celgene Corp., Strike Price USD 72.50, Expires 9/24/12

     620        (66,960 ) 

Cisco Systems, Inc., Strike Price USD 16, Expires 8/20/12

     1,640        (94,300 ) 

Citigroup, Inc.:

    

Strike Price USD 27, Expires 9/24/12

     300        (45,900 ) 

Strike Price USD 28, Expires 10/22/12

     295        (44,398 ) 

Comcast Corp., Class A:

    

Strike Price USD 32, Expires 8/20/12

     440        (46,420 ) 

Strike Price USD 32, Expires 9/24/12

     880        (124,520 ) 

Costco Wholesale Corp., Strike Price USD 97.50, Expires 9/24/12

     480        (82,800 ) 

Crown Holdings, Inc., Strike Price USD 35, Expires 8/20/12

     485        (59,412 ) 

CSX Corp., Strike Price USD 22.50, Expires 8/20/12

     680        (48,960 ) 

Danone SA, Strike Price EUR 52, Expires 8/17/12

     50        (1,094 ) 

DIRECTV, Class A, Strike Price USD 49, Expires 9/24/12

     920        (185,380 ) 

Eaton Corp., Strike Price USD 40, Expires 8/20/12

     960        (369,600 ) 

eBay, Inc.:

    

Strike Price USD 40, Expires 8/20/12

     430        (191,350 ) 

Strike Price USD 47, Expires 9/24/12

     800        (73,200 ) 

EQT Corp., Strike Price USD 50, Expires 8/20/12

     285        (193,800 ) 

The Estee Lauder Cos., Inc., Class A, Strike Price USD 55, Expires 8/20/12

     700        (71,750 ) 

Express Scripts Holding Co.:

    

Strike Price USD 55, Expires 8/20/12

     40        (14,000 ) 

Strike Price USD 57.50, Expires 9/24/12

     360        (88,920 ) 

Exxon Mobil Corp., Strike Price USD 84, Expires 8/18/12

     535        (167,990 ) 

FedEx Corp., Strike Price USD 92.50, Expires 8/20/12

     495        (36,878 ) 

First Quantum Minerals Ltd.:

    

Strike Price CAD 21.50, Expires 8/20/12

     450        (2,244 ) 

Strike Price CAD 22, Expires 8/20/12

     450        (1,122 ) 

The Gap, Inc., Strike Price USD 29, Expires 8/20/12

     215        (31,068 ) 

The Goldman Sachs Group, Inc.:

    

Strike Price USD 100, Expires 8/20/12

     180        (56,700 ) 

Strike Price USD 100, Expires 9/24/12

     140        (66,150 ) 

Google, Inc., Class A:

    

Strike Price USD 570, Expires 8/20/12

     28        (179,620 ) 

Strike Price USD 620, Expires 9/24/12

     62        (172,050 ) 

The Hain Celestial Group, Inc., Strike Price USD 60, Expires 9/24/12

     233        (31,455 ) 

Ingersoll-Rand Plc:

    

Strike Price USD 40, Expires 8/20/12

     620        (172,050 ) 

Strike Price USD 41, Expires 8/20/12

     620        (124,000 ) 

Intel Corp.:

    

Strike Price USD 27, Expires 8/20/12

     510        (3,315 ) 

Strike Price USD 26, Expires 9/24/12

     400        (23,000 ) 
 

 

                 
        JULY 31, 2012    3

 

 

Schedule of Investments (continued)

  

 

BlackRock Global Opportunities Equity Trust (BOE)

(Percentages shown are based on Net Assets)

 

Options Written   Contracts     Value  

Exchange-Traded Call Options (continued)

  

International Business Machines Corp.:

    

Strike Price USD 195, Expires 8/20/12

     125      $ (38,125 ) 

Strike Price USD 200, Expires 8/20/12

     40        (3,880 ) 

International Paper Co.:

    

Strike Price USD 32, Expires 9/24/12

     498        (85,656 ) 

Strike Price USD 33, Expires 9/24/12

     498        (57,270 ) 

Intuit, Inc., Strike Price USD 60, Expires 8/20/12

     485        (36,375 ) 

Johnson & Johnson:

    

Strike Price USD 69, Expires 8/18/12

     590        (44,929 ) 

Strike Price USD 70, Expires 8/20/12

     200        (8,400 ) 

JPMorgan Chase & Co.:

    

Strike Price USD 36, Expires 8/20/12

     500        (45,250 ) 

Strike Price USD 37, Expires 8/20/12

     250        (11,500 ) 

Strike Price USD 35, Expires 9/24/12

     350        (74,200 ) 

KeyCorp, Strike Price USD 8, Expires 9/24/12

     1,535        (42,980 ) 

Kraft Foods, Inc., Class A, Strike Price USD 40, Expires 9/24/12

     1,480        (118,400 ) 

Las Vegas Sands Corp., Strike Price USD 40, Expires 8/20/12

     640        (16,960 ) 

Linear Technology Corp., Strike Price USD 33, Expires 9/24/12

     855        (55,575 ) 

Lowe’s Cos., Inc., Strike Price USD 27, Expires 9/24/12

     1,220        (61,000 ) 

LVMH Moet Hennessy Louis Vuitton SA, Strike Price EUR 125, Expires 8/17/12

     92        (20,263 ) 

Mastercard, Inc., Strike Price USD 435, Expires 8/20/12

     65        (85,475 ) 

Merck & Co., Inc.:

    

Strike Price USD 43, Expires 8/20/12

     635        (89,535 ) 

Strike Price USD 44, Expires 8/20/12

     325        (22,588 ) 

MetLife, Inc.:

    

Strike Price USD 31, Expires 8/20/12

     305        (24,248 ) 

Strike Price USD 30, Expires 9/24/12

     650        (127,725 ) 

Monsanto Co.:

    

Strike Price USD 80, Expires 8/20/12

     155        (93,388 ) 

Strike Price USD 84.35, Expires 8/29/12

     290        (83,512 ) 

The Nasdaq OMX Group, Inc.:

    

Strike Price USD 22, Expires 8/20/12

     600        (58,500 ) 

Strike Price USD 23, Expires 9/24/12

     600        (42,000 ) 

NetApp, Inc.:

    

Strike Price USD 33, Expires 8/20/12

     890        (149,965 ) 

Strike Price USD 33, Expires 9/24/12

     890        (197,135 ) 

NII Holdings, Inc., Strike Price USD 9, Expires 8/20/12

     193        (3,860 ) 

Occidental Petroleum Corp.:

    

Strike Price USD 87.50, Expires 8/20/12

     63        (12,663 ) 

Strike Price USD 90, Expires 8/20/12

     320        (31,360 ) 

Strike Price USD 87.50, Expires 9/24/12

     63        (21,262 ) 

Strike Price USD 90, Expires 9/24/12

     65        (14,365 ) 

Owens Corning, Strike Price USD 31, Expires 8/20/12

     975        (14,625 ) 

PartnerRe Ltd., Strike Price USD 74, Expires 9/27/12

     380        (36,274 ) 

Perrigo Co., Strike Price USD 120, Expires 8/20/12

     195        (14,625 ) 

Pfizer, Inc.:

    

Strike Price USD 22.85, Expires 8/18/12

     40        (4,847 ) 

Strike Price USD 24, Expires 9/24/12

     410        (21,935 ) 

Reynolds American, Inc., Strike Price USD 44, Expires 8/20/12

     618        (151,410 ) 
Options Written   Contracts     Value  

Exchange-Traded Call Options (concluded)

  

Rockwell Automation, Inc., Strike Price USD 70, Expires 8/20/12

     451      $ (27,060 ) 

Rowan Cos. Plc, Class A, Strike Price USD 36, Expires 9/24/12

     690        (103,500 ) 

SAP AG - ADR:

    

Strike Price USD 60, Expires 8/20/12

     285        (114,000 ) 

Strike Price USD 67.50, Expires 9/24/12

     610        (65,575 ) 

Saputo, Inc., Strike Price CAD 44, Expires 8/20/12

     775        (15,456 ) 

Schlumberger Ltd., Strike Price USD 71, Expires 9/07/12

     720        (201,330 ) 

SPX Corp.:

    

Strike Price USD 65, Expires 8/20/12

     300        (23,250 ) 

Strike Price USD 65, Expires 9/24/12

     256        (44,160 ) 

Suncor Energy, Inc., Strike Price USD 30, Expires 8/20/12

     170        (20,315 ) 

Teradata Corp.:

    

Strike Price USD 70, Expires 8/20/12

     535        (98,975 ) 

Strike Price USD 75, Expires 8/20/12

     292        (16,790 ) 

TIBCO Software, Inc., Strike Price USD 31, Expires 8/20/12

     207        (3,105 ) 

Time Warner, Inc.:

    

Strike Price USD 38, Expires 8/20/12

     300        (46,050 ) 

Strike Price USD 38, Expires 9/24/12

     485        (90,452 ) 

The Toronto-Dominion Bank, Strike Price CAD 80, Expires 8/20/12

     325        (15,394 ) 

TransCanada Corp., Strike Price CAD 44, Expires 9/24/12

     930        (179,907 ) 

United Rentals, Inc., Strike Price USD 31, Expires 8/20/12

     950        (71,250 ) 

Verizon Communications, Inc., Strike Price USD 45, Expires 8/20/12

     200        (13,000 ) 

Vertex Pharmaceuticals, Inc.:

    

Strike Price USD 70, Expires 8/20/12

     290        (2,900 ) 

Strike Price USD 55, Expires 9/24/12

     200        (25,500 ) 

Visa, Inc., Class A, Strike Price USD 120, Expires 8/18/12

     235        (218,776 ) 

Vodafone Group Plc - ADR:

    

Strike Price USD 28, Expires 9/24/12

     1,270        (158,750 ) 

Strike Price USD 29, Expires 9/24/12

     180        (11,250 ) 

Wells Fargo & Co.:

    

Strike Price USD 34, Expires 8/20/12

     1,095        (48,180 ) 

Strike Price USD 35, Expires 9/24/12

     329        (16,450 ) 

Whirlpool Corp., Strike Price USD 70, Expires 8/20/12

     270        (30,105 ) 

Zimmer Holdings, Inc., Strike Price USD 65, Expires 8/20/12

     655        (4,912 ) 

 

  

Total Exchange-Traded Call Options

       (8,375,318 ) 

 

  

Over-the-Counter Call Options – (1.2)%

  

Abbott Laboratories, Strike Price USD 66.02, Expires 8/23/12, Broker Morgan Stanley & Co., Inc.

     64,000        (73,007 ) 

Advantest Corp., Strike Price JPY 1,250.19, Expires 8/01/12, Broker Citigroup Global Markets, Inc.

     183,000        –   

Afren Plc:

    

Strike Price GBP 0.97, Expires 8/13/12, Broker UBS Securities LLC

     333,100        (157,600 ) 

Strike Price GBP 1.15, Expires 8/13/12, Broker Morgan Stanley & Co., Inc.

     616,600        (129,908 ) 
 

 

                 
4         JULY 31, 2012   

 

 

Schedule of Investments (continued)

  

 

BlackRock Global Opportunities Equity Trust (BOE)

(Percentages shown are based on Net Assets)

 

Options Written   Contracts     Value  

Over-the-Counter Call Options (continued)

  

AIA Group Ltd.:

    

Strike Price HKD 25.55, Expires 8/02/12, Broker Deutsche Bank Securities Corp.

     304,400      $ (60,791 ) 

Strike Price HKD 26.07, Expires 8/13/12, Broker Citigroup Global Markets, Inc.

     1,060,000        (166,742 ) 

Air China Ltd., Class H, Strike Price HKD 4.64, Expires 8/13/12, Broker Citigroup Global Markets, Inc.

     1,756,000        (186,170 ) 

Akzo Nobel NV, Strike Price EUR 38.96, Expires 9/05/12, Broker UBS Securities LLC

     61,000        (375,344 ) 

Allianz SE, Strike Price EUR 79.02, Expires 9/12/12, Broker UBS Securities LLC

     32,100        (143,102 ) 

Anheuser-Busch InBev NV, Strike Price EUR 63.97, Expires 9/05/12, Broker Banc of America Securities

     58,700        (130,820 ) 

Arcos Dorados Holdings, Inc., Class A, Strike Price USD 14.10, Expires 9/05/12, Broker Deutsche Bank Securities Corp.

     89,000        (44,538 ) 

Arkema SA, Strike Price EUR 59.66, Expires 9/05/12, Broker Morgan Stanley & Co., Inc.

     17,000        (68,020 ) 

AT&T Inc., Strike Price USD 35.04, Expires 8/09/12, Broker Goldman Sachs & Co.

     68,000        (195,840 ) 

Australia & New Zealand Banking Group Ltd., Strike Price AUD 21.53, Expires 8/13/12, Broker UBS Securities LLC

     92,000        (182,440 ) 

Aveva Group Plc:

    

Strike Price GBP 17.86, Expires 9/05/12, Broker Morgan Stanley & Co., Inc.

     22,000        (25,794 ) 

Strike Price GBP 18.03, Expires 9/12/12, Broker Morgan Stanley & Co., Inc.

     22,000        (25,000 ) 

Banco Bradesco SA - ADR, Strike Price USD 15.12, Expires 9/06/12, Broker Morgan Stanley & Co., Inc.

     98,000        (68,535 ) 

Banco Bradesco SA, Preference Shares, Strike Price BRL 31.90, Expires 9/26/12, Broker Citigroup Global Markets, Inc.

     57,200        (37,352 ) 

BG Group Plc, Strike Price GBP 12.69, Expires 8/13/12, Broker Deutsche Bank Securities Corp.

     149,000        (48,342 ) 

BM&FBovespa SA, Strike Price BRL 11.27, Expires 8/22/12, Broker Banc of America Securities

     397,200        (110,795 ) 

BNP Paribas SA, Strike Price EUR 30.28, Expires 9/05/12, Broker Banc of America Securities

     44,500        (80,595 ) 

BOC Hong Kong Holdings Ltd., Strike Price HKD 23.44, Expires 8/28/12, Broker Morgan Stanley & Co., Inc.

     962,000        (82,095 ) 

BP Plc, Strike Price GBP 4.33, Expires 9/05/12, Broker Banc of America Securities

     554,200        (67,148 ) 

Bridgestone Corp., Strike Price JPY 1,757.42, Expires 8/13/12, Broker UBS Securities LLC

     97,600        (45,273 ) 

British American Tobacco Plc, Strike Price GBP 34.14, Expires 9/05/12, Broker Citigroup Global Markets, Inc.

     155,300        (112,200 ) 

China Construction Bank Corp., H Shares, Strike Price HKD 5.21, Expires 8/13/12, Broker Deutsche Bank Securities Corp.

     5,005,000        (67,317 ) 

China Eastern Airlines Corp. Ltd., H Shares, Strike Price HKD 2.54, Expires 8/13/12, Broker Banc of America Securities

     2,304,000        (54,653 ) 

China Southern Airlines Corp. Ltd., H Shares, Strike Price HKD 3.49, Expires 8/13/12, Broker Banc of America Securities

     2,218,000        (98,464 ) 
Options Written   Contracts     Value  

Over-the-Counter Call Options (continued)

  

The Clorox Co., Strike Price USD 72.14, Expires 8/07/12, Broker Deutsche Bank Securities Corp.

     33,500      $ (25,549 ) 

ConAgra Foods, Inc., Strike Price USD 25.40, Expires 9/10/12, Broker Deutsche Bank Securities Corp.

     132,900        (26,195 ) 

Continental AG, Strike Price EUR 69.28, Expires 9/05/12, Broker Morgan Stanley & Co., Inc.

     19,000        (126,423 ) 

Corio NV - REIT, Strike Price EUR 36.44, Expires 9/12/12, Broker UBS Securities LLC

     23,000        (18,882 ) 

Crown Holdings, Inc., Strike Price USD 34.11, Expires 8/03/12, Broker Banc of America Securities

     50,000        (89,524 ) 

CSX Corp., Strike Price USD 22.91, Expires 9/28/12, Broker Deutsche Bank Securities Corp.

     66,000        (55,211 ) 

Daimler AG, Strike Price EUR 33.60, Expires 8/13/12, Broker Citigroup Global Markets, Inc.

     68,100        (577,568 ) 

Danone SA, Strike Price EUR 49.91, Expires 9/05/12, Broker Banc of America Securities

     67,000        (77,044 ) 

Deutsche Bank AG, Strike Price EUR 27.25, Expires 8/13/12, Broker Citigroup Global Markets, Inc.

     112,500        (14,108 ) 

Deutsche Lufthansa AG, Strike Price EUR 9.72, Expires 9/05/12, Broker UBS Securities LLC

     257,300        (200,332 ) 

Diageo Plc, Strike Price GBP 16.77, Expires 9/05/12, Broker Banc of America Securities

     158,700        (138,238 ) 

Dominion Resources, Inc., Strike Price USD 54.64, Expires 8/24/12, Broker Credit Suisse First Boston

     79,000        (30,415 ) 

EMC Corp., Strike Price USD 25.89, Expires 8/23/12, Broker Deutsche Bank Securities Corp.

     110,500        (97,604 ) 

Eni SpA, Strike Price EUR 17.07, Expires 9/12/12, Broker Morgan Stanley & Co., Inc.

     139,900        (73,170 ) 

EQT Corp., Strike Price USD 57.07, Expires 9/14/12, Broker Goldman Sachs & Co.

     13,500        (24,516 ) 

Exelon Corp., Strike Price USD 39.54, Expires 9/06/12, Broker Deutsche Bank Securities Corp.

     95,000        (40,052 ) 

Experian Plc, Strike Price GBP 9.83, Expires 9/05/12, Broker Morgan Stanley & Co., Inc.

     299,900        (27,081 ) 

Exxon Mobil Corp., Strike Price USD 86.33, Expires 9/04/12, Broker Citigroup Global Markets, Inc.

     77,500        (159,840 ) 

Federal Realty Investment Trust - REIT, Strike Price USD 100.01, Expires 8/07/12, Broker Morgan Stanley & Co., Inc.

     25,400        (219,832 ) 

First Financial Holding Co. Ltd., Strike Price TWD 17.26, Expires 8/13/12, Broker Banc of America Securities

     4,375,000        (154,000 ) 

Fomento Economico Mexicano SAB de CV - ADR:

    

Strike Price USD 79.49, Expires 8/02/12, Broker Goldman Sachs & Co.

     18,000        (106,740 ) 

Strike Price USD 80.42, Expires 8/10/12, Broker Morgan Stanley & Co., Inc.

     15,000        (75,639 ) 

The Gap, Inc., Strike Price USD 26.83, Expires 8/22/12, Broker Morgan Stanley & Co., Inc.

     78,000        (220,999 ) 
 

 

                 
        JULY 31, 2012    5

 

 

Schedule of Investments (continued)

  

 

BlackRock Global Opportunities Equity Trust (BOE)

(Percentages shown are based on Net Assets)

 

Options Written   Contracts     Value  

Over-the-Counter Call Options (continued)

  

GSW Immobilien AG:

    

Strike Price EUR 29.38, Expires 9/12/12, Broker Morgan Stanley & Co., Inc.

     15,000      $ (24,968 ) 

Strike Price EUR 30.15, Expires 9/12/12, Broker Morgan Stanley & Co., Inc.

     14,600        (17,371 ) 

Hino Motors Ltd., Strike Price JPY 524.89, Expires 8/02/12, Broker Citigroup Global Markets, Inc.

     354,000        (70,906 ) 

Hitachi Ltd., Strike Price JPY 456.65, Expires 8/02/12, Broker Morgan Stanley & Co., Inc.

     283,000        (24,031 ) 

Honda Motor Co. Ltd.:

    

Strike Price JPY 2,612.57, Expires 8/13/12, Broker Citigroup Global Markets, Inc.

     69,000        (13,781 ) 

Strike Price JPY 2,500.44, Expires 8/28/12, Broker Morgan Stanley & Co., Inc.

     30,000        (28,189 ) 

HSBC Holdings Plc, Strike Price GBP 5.51, Expires 9/05/12, Broker Morgan Stanley & Co., Inc.

     463,500        (58,840 ) 

Infineon Technologies AG, Strike Price EUR 5.90, Expires 9/05/12, Broker Banc of America Securities

     420,000        (146,119 ) 

Inmarsat Plc:

    

Strike Price GBP 4.87, Expires 9/05/12, Broker Morgan Stanley & Co., Inc.

     148,500        (42,186 ) 

Strike Price GBP 4.87, Expires 9/05/12, Broker Morgan Stanley & Co., Inc.

     179,600        (50,824 ) 

Intesa Sanpaolo SpA, Strike Price EUR 1.07, Expires 9/12/12, Broker Morgan Stanley & Co., Inc.

     1,070,000        (74,551 ) 

Johnson & Johnson, Strike Price USD 68.21, Expires 9/10/12, Broker Banc of America Securities

     41,000        (52,583 ) 

Julius Baer Group Ltd., Strike Price CHF 34.49, Expires 9/05/12, Broker UBS Securities LLC

     79,500        (115,505 ) 

Keppel Corp. Ltd., Strike Price SGD 11.25, Expires 9/18/12, Broker Deutsche Bank Securities Corp.

     481,000        (98,466 ) 

KeyCorp:

    

Strike Price USD 7.73, Expires 8/07/12, Broker Deutsche Bank Securities Corp.

     77,500        (21,390 ) 

Strike Price USD 7.32, Expires 8/13/12, Broker Banc of America Securities

     226,000        (150,945 ) 

Strike Price USD 8.14, Expires 10/04/12, Broker UBS Securities LLC

     109,000        (26,814 ) 

Liberty Global, Inc., Class A, Strike Price USD 53.75, Expires 9/06/12, Broker Banc of America Securities

     70,000        (68,541 ) 

LVMH Moet Hennessy Louis Vuitton SA, Strike Price EUR 118.73, Expires 9/12/12, Broker Banc of America Securities

     9,300        (72,877 ) 

Magnit OJSC - GDR, Strike Price USD 31.61, Expires 9/05/12, Broker UBS Securities LLC

     79,700        (153,701 ) 

Merck KGaA, Strike Price EUR 79.34, Expires 9/12/12, Broker UBS Securities LLC

     33,900        (158,437 ) 

National Grid Plc, Strike Price GBP 6.90, Expires 9/05/12, Broker Banc of America Securities

     384,700        (21,882 ) 
Options Written   Contracts     Value  

Over-the-Counter Call Options (continued)

  

Newcrest Mining Ltd., Strike Price AUD 22.49, Expires 8/13/12, Broker UBS Securities LLC

     106,000      $ (132,457 ) 

NIKE, Inc., Class B, Strike Price USD 102.56, Expires 8/02/12, Broker Morgan Stanley & Co., Inc.

     28,000        –   

ORIX Corp., Strike Price JPY 7,164.70, Expires 8/13/12, Broker Deutsche Bank Securities Corp.

     29,000        (104,566 ) 

PanAust Ltd., Strike Price AUD 2.86, Expires 8/01/12, Broker UBS Securities LLC

     484,500        (5 ) 

Pfizer, Inc.:

    

Strike Price USD 21.93, Expires 8/07/12, Broker Deutsche Bank Securities Corp.

     43,000        (90,558 ) 

Strike Price USD 23.68, Expires 9/07/12, Broker Morgan Stanley & Co., Inc.

     34,500        (24,460 ) 

PPL Corp., Strike Price USD 27.86, Expires 8/07/12, Broker Deutsche Bank Securities Corp.

     91,300        (95,043 ) 

Roche Holding AG:

    

Strike Price CHF 162.97, Expires 8/13/12, Broker Banc of America Securities

     18,000        (182,889 ) 

Strike Price CHF 168.61, Expires 8/13/12, Broker Citigroup Global Markets, Inc.

     3,200        (15,167 ) 

Strike Price CHF 170.49, Expires 9/12/12, Broker Citigroup Global Markets, Inc.

     6,500        (29,492 ) 

Strike Price CHF 170.75, Expires 9/12/12, Broker Banc of America Securities

     12,500        (53,841 ) 

Royal Dutch Shell Plc, Class A - ADR:

    

Strike Price USD 69.42, Expires 9/04/12, Broker Morgan Stanley & Co., Inc.

     38,000        (28,948 ) 

Strike Price USD 68.17, Expires 9/13/12, Broker Deutsche Bank Securities Corp.

     46,000        (70,401 ) 

Strike Price USD 68.98, Expires 9/27/12, Broker Citigroup Global Markets, Inc.

     7,500        (9,402 ) 

Sanofi SA:

    

Strike Price EUR 58.13, Expires 8/13/12, Broker Citigroup Global Markets, Inc.

     58,200        (586,021 ) 

Strike Price EUR 62.57, Expires 9/12/12, Broker Morgan Stanley & Co., Inc.

     33,800        (169,223 ) 

Seadrill Ltd., Strike Price NOK 230.91, Expires 9/12/12, Broker UBS Securities LLC

     75,000        (119,498 ) 

Softbank Corp., Strike Price JPY 2,826.18, Expires 8/13/12, Broker Citigroup Global Markets, Inc.

     105,000        (224,881 ) 

Statoil ASA:

    

Strike Price NOK 140.42, Expires 8/13/12, Broker Banc of America Securities

     122,900        (91,108 ) 

Strike Price NOK 143.75, Expires 9/12/12, Broker Banc of America Securities

     30,500        (24,270 ) 

Subsea 7 SA, Strike Price NOK 129.67, Expires 9/12/12, Broker Morgan Stanley & Co., Inc.

     112,800        (107,455 ) 
 

 

                 
6         JULY 31, 2012   

 

 

Schedule of Investments (continued)

  

 

BlackRock Global Opportunities Equity Trust (BOE)

(Percentages shown are based on Net Assets)

 

Options Written   Contracts     Value  

Over-the-Counter Call Options (continued)

  

Sumitomo Mitsui Financial Group, Inc., Strike Price JPY 2,522.58, Expires 8/13/12, Broker Citigroup Global Markets, Inc.

     82,400      $ (25,062 ) 

Suncor Energy, Inc., Strike Price USD 30.28, Expires 8/10/12, Broker Deutsche Bank Securities Corp.

     60,000        (47,220 ) 

Svenska Cellulosa AB, B Shares:

    

Strike Price SEK 101.08, Expires 8/13/12, Broker Citigroup Global Markets, Inc.

     189,600        (401,874 ) 

Strike Price SEK 110.14, Expires 9/05/12, Broker Citigroup Global Markets, Inc.

     169,900        (157,693 ) 

Strike Price SEK 108.98, Expires 9/12/12, Broker Morgan Stanley & Co., Inc.

     176,000        (187,738 ) 

Taiwan Semiconductor Manufacturing Co.
Ltd. - ADR:

    

Strike Price USD 13.92, Expires 8/22/12, Broker Deutsche Bank Securities Corp.

     54,000        (19,353 ) 

Strike Price USD 14.07, Expires 8/29/12, Broker Banc of America Securities

     50,000        (30,778 ) 

Telefonica SA, Strike Price EUR 9.86, Expires 8/13/12, Broker Citigroup Global Markets, Inc.

     109,500        (10,853 ) 

TIBCO Software, Inc., Strike Price USD 30.37, Expires 9/06/12, Broker UBS Securities LLC

     86,500        (39,358 ) 

Time Warner, Inc., Strike Price USD 35.30, Expires 8/07/12, Broker Morgan Stanley & Co., Inc.

     60,000        (228,954 ) 

Tokio Marine Holdings, Inc., Strike Price JPY 1,903.30, Expires 8/13/12, Broker Deutsche Bank Securities Corp.

     160,000        (19,003 ) 

Unilever NV, Strike Price EUR 27.96, Expires 9/05/12, Broker Banc of America Securities

     67,600        (61,827 ) 

Unilever Plc, Strike Price GBP 21.61, Expires 9/05/12, Broker UBS Securities LLC

     76,900        (157,079 ) 

Verizon Communications, Inc.:

    

Strike Price USD 44.81, Expires 8/29/12, Broker Goldman Sachs & Co.

     10,000        (8,040 ) 

Strike Price USD 45, Expires 9/11/12, Broker Goldman Sachs & Co.

     55,000        (47,172 ) 

Vodafone Group Plc - ADR, Strike Price USD 27.16, Expires 8/03/12, Broker Morgan Stanley & Co., Inc.

     40,000        (63,764 ) 

Volkswagen AG, Preference Shares:

    

Strike Price EUR 130.10, Expires 8/13/12, Broker Morgan Stanley & Co., Inc.

     7,100        (71,756 ) 

Strike Price EUR 141.00, Expires 9/12/12, Broker Citigroup Global Markets, Inc.

     24,100        (102,581 ) 
Options Written   Contracts     Value  

Over-the-Counter Call Options (concluded)

  

Volvo AB, B Shares:

    

Strike Price SEK 75.54, Expires 8/13/12, Broker Citigroup Global Markets, Inc.

     194,500      $ (233,310 ) 

Strike Price SEK 82.51, Expires 8/13/12, Broker Citigroup Global Markets, Inc.

     196,400        (69,443 ) 

Wells Fargo & Co.:

    

Strike Price USD 31.70, Expires 8/07/12, Broker Deutsche Bank Securities Corp.

     34,000        (71,740 ) 

Strike Price USD 32.84, Expires 8/16/12, Broker Deutsche Bank Securities Corp.

     83,000        (97,164 ) 

Wharf Holdings Ltd., Strike Price HKD 42.19, Expires 8/13/12, Broker Banc of America Securities

     333,000        (114,381 ) 

Whirlpool Corp., Strike Price USD 60.50, Expires 8/09/12, Broker Goldman Sachs & Co.

     18,500        (131,276 ) 

Xstrata Plc, Strike Price GBP 8.50, Expires 9/05/12, Broker Morgan Stanley & Co., Inc.

     177,200        (92,326 ) 

Yahoo Japan Corp., Strike Price JPY 27,601.20, Expires 8/28/12, Broker Banc of America Securities

     8,000        (140,412 ) 

Zoomlion Heavy Industry Science and Technology Co. Ltd., Class H, Strike Price HKD 10.29, Expires 8/13/12, Broker Deutsche Bank Securities Corp.

     1,270,000        (1,166 ) 

 

  

Total Over-the-Counter Call Options

  

     (11,700,762 ) 

 

  

Total Options Written

(Premiums Received – $14,843,367) – (2.0)%

  

  

     (20,076,080 ) 

 

  

Total Investments Net of Outstanding Options Written – 99.4%

   

     1,013,145,442   

Other Assets Less Liabilities – 0.6%

       5,737,158   
   

 

 

  

Net Assets – 100.0%

     $ 1,018,882,600   
   

 

 

  

* As of July 31, 2012, gross unrealized appreciation and gross unrealized depreciation based on cost for federal income tax purposes were as follows:

 

Tax cost

    $ 1,047,530,337   
  

 

 

  

Gross unrealized appreciation

    $ 33,031,409   

Gross unrealized depreciation

      (47,340,224 ) 
  

 

 

  

Net unrealized depreciation

    $ (14,308,815 ) 
  

 

 

  

 

(a) Non-income producing security.
(b) All or a portion of security has been pledged/segregated as collateral in connection with outstanding options written.
(c) Security, or a portion of security, is on loan.
(d) Represents the current yield as of report date.
(e) Security was purchased with the cash collateral from loaned securities.
 

 

                 
        JULY 31, 2012    7

 

 

Schedule of Investments (continued)

  

 

BlackRock Global Opportunities Equity Trust (BOE)

 

(f) Investments in companies considered to be an affiliate of the Trust during the period, for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:
Affiliate   

Shares/

Beneficial Interest

Held at

October 31,

2011

     

Net

Activity

     

Shares/
Beneficial Interest
Held at

July 31,

2012

     

Realized

Gain

      Income  

BlackRock Liquidity Funds, TempFund,
Institutional Class

      30,113,366         3,089,309         33,202,675         $973         $53,350   

BlackRock Liquidity Series, LLC Money
Market Series

      –         $867,734         $867,734         –         $32,632   

 

—  

Foreign currency exchange contracts as of July 31, 2012 were as follows:

 

Currency

Purchased

  

Currency

Sold

  

Counterparty

  

Settlement

Date

  

Unrealized

Appreciation

(Depreciation)

USD

   1,263,818   JPY   99,051,000   UBS Securities LLC   8/01/12   $      (4,035)
        Citigroup Global    

USD

   1,685,601   JPY   131,696,000   Markets, Inc.   8/03/12   (163)

GBP

   1,244,000   USD   1,950,363   UBS Securities LLC   8/03/12   27

 

Total

             $      (4,171)
           

 

 

—  

Fair Value Measurements – Various inputs are used in determining the fair value of investments and derivative financial instruments. These inputs to valuation techniques are categorized into a disclosure hierarchy consisting of three broad levels for financial reporting purposes as follows:

 

  —  

Level 1 - unadjusted price quotations in active markets/exchanges for identical assets and liabilities

 

  —  

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 Trust’s own assumptions used in determining the fair value of investments and derivative financial instruments)

Changes in valuation techniques may result in transfers into or out of an assigned level within the disclosure hierarchy. In accordance with the Trust’s policy, transfers between different levels of the fair value disclosure hierarchy are deemed to have occurred as of the beginning of the reporting period. The categorization of a value determined for investments and derivative financial instruments is based on the pricing transparency of the investment and derivative financial instrument 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 and other significant accounting policies, please refer to the Trust’s most recent financial statements as contained in its semi-annual report.

The following tables summarize the Trust’s investments and derivative financial instruments categorized in the disclosure hierarchy as of July 31, 2012:

 

       Level 1     Level 2     Level 3   Total  

Assets:

        

Investments:

        

Long-Term Investments:

        

Common Stocks:

        

Australia

     –      $ 11,000,477      –   $ 11,000,477   

Belgium

     –        8,439,228      –     8,439,228   

Bermuda

   $ 4,998,360        5,280,640      –     10,279,000   

Brazil

     11,228,334        –      –     11,228,334   

British Virgin Islands

     4,519,140        –      –     4,519,140   

Canada

     25,657,164        –      –     25,657,164   

China

     –        14,370,538      –     14,370,538   

France

     –        32,990,331      –     32,990,331   

Germany

     10,264,320        49,185,255      –     59,449,575   

Hong Kong

     –        17,506,915      –     17,506,915   

India

     –        5,591,915      –     5,591,915   

Indonesia

     –        2,911,985      –     2,911,985   

Ireland

     12,764,722        –      –     12,764,722   

Italy

     –        7,700,686      –     7,700,686   

Japan

     4,840,949        43,277,447      –     48,118,396   

Mexico

     5,108,116        –      –     5,108,116   

Netherlands

     11,348,480        12,094,806      –     23,443,286   

Norway

     –        6,626,123      –     6,626,123   

Russia

     3,724,278        –      –     3,724,278   

Singapore

     –        7,822,283      –     7,822,283   

South Korea

     –        6,034,987      –     6,034,987   

Spain

     –        2,258,449      –     2,258,449   

Sweden

     –        24,818,434      –     24,818,434   

Switzerland

     –        22,358,629      –     22,358,629   

Taiwan

     2,647,315        4,810,369      –     7,457,684   

Thailand

     –        5,248,598      –     5,248,598   

United Kingdom

     12,012,641        78,600,369      –     90,613,010   

United States

     521,108,830        –      –     521,108,830   

Short-Term Securities

    33,202,675        867,734      –     34,070,409   

 

  

Total

   $ 663,425,324      $ 369,796,198      –   $ 1,033,221,522   
 

 

 

  
 

 

                 
8         JULY 31, 2012   

 

 

Schedule of Investments (concluded)

  

 

BlackRock Global Opportunities Equity Trust (BOE)

 

       Level 1     Level 2     Level 3   Total  

Derivative Financial Instruments1

        

Assets:

        

Foreign currency exchange contracts

   $ 27        –      –   $ 27   

Liabilities:

        

Equity contracts

     (7,326,479 )    $ (12,749,601 )    –     (20,076,080 ) 

Foreign currency exchange contracts

     (4,198 )      –      –     (4,198 ) 

 

  

Total

   $ (7,330,650 )    $ (12,749,601 )    –   $ (20,080,251 ) 
 

 

 

  

 

1 

Derivative financial instruments are foreign currency exchange contracts and options. Foreign currency exchange contracts are valued at the unrealized appreciation/depreciation on the instrument and options are shown at value.

Certain of the Trust’s assets and liabilities are held at carrying amount, which approximates fair value for financial reporting purposes. As of July 31, 2012, such assets and liabilities are categorized within the disclosure hierarchy as follows:

 

       Level 1     Level 2     Level 3   Total  

Assets:

        

Cash

   $ 2,171,086        –      –   $ 2,171,086   

Foreign currency

     4,887,793        –      –     4,887,793   

Cash pledged as collateral for options written

     910,000        –      –     910,000   

Liabilities:

        

Collateral on securities loaned at value

     –      $ (867,734 )    –     (867,734 ) 

 

  

Total

   $ 7,968,879      $ (867,734 )    –   $ 7,101,145   
 

 

 

  

There were no transfers between levels during the period ended July 31, 2012.

 

 

                 
        JULY 31, 2012    9

Item 2 – Controls and Procedures

 

2(a) –

    The registrant’s principal executive and principal financial officers, or persons performing similar functions, have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the “1940 Act”)) are effective as of a date within 90 days of the filing of this report based on the evaluation of these controls and procedures required by Rule 30a-3(b) under the 1940 Act and Rule 13a-15(b) under the Securities Exchange Act of 1934, as amended.

2(b) –

    There were no changes in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act) that occurred during the registrant’s last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrant’s internal control over financial reporting.

Item 3 – Exhibits

Certifications – Attached hereto

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

BlackRock Global Opportunities Equity Trust

 

By:  

/s/ John M. Perlowski

   
  John M. Perlowski
  Chief Executive Officer (principal executive officer) of
  BlackRock Global Opportunities Equity Trust

Date: September 25, 2012

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

 

By:  

/s/ John M. Perlowski

   
  John M. Perlowski
  Chief Executive Officer (principal executive officer) of
  BlackRock Global Opportunities Equity Trust

Date: September 25, 2012

 

By:  

/s/ Neal J. Andrews

   
  Neal J. Andrews
  Chief Financial Officer (principal financial officer) of
  BlackRock Global Opportunities Equity Trust
 

Date: September 25, 2012