FORM N-Q
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY
Investment Company Act file number: 811-21729
BlackRock Global Opportunities Equity Trust
(Exact name of registrant as specified in charter)
| 100 Bellevue Parkway, Wilmington, DE | 19809 |
|
|
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| (Address of principal executive offices) | (Zip code) |
Robert S. Kapito, President
BlackRock Global Opportunities Equity Trust
40 East 52nd Street, New York, NY 10022
(Name and address of agent for service)
Registrant's telephone number, including area code: 888-825-2257
Date of fiscal year end: October 31, 2005
Date of reporting period: July 31, 2005
Item 1. Schedule of Investments.
The Registrant’s unaudited schedule of investments as of the close of the reporting period pursuant to Rule 30b1-5 under the Investment Company Act of 1940 is as follows:
PORTFOLIO OF INVESTMENTS (unaudited)
JULY
31, 2005
BlackRock Global Opportunities Equity Trust (BOE)
| Shares | Description | Value | |
| COMMON STOCKS—63.6% | |||
| Australia—4.2% | |||
| 75,000 | Commonwealth Bank of Australia | $ 2,219,859 | |
| 500,000 | Foster’s Group Ltd. | 2,068,615 | |
| 176,000 | QBE Insurance Group Ltd. | 2,252,315 | |
| 110,000 | St. George Bank Ltd. | 2,224,521 | |
| 550,000 | Telstra Corp. Ltd. | 2,114,807 | |
| 500,000 | Ten Network Holdings Ltd. | 1,423,245 | |
| Total Australia | 12,303,362 | ||
| Bermuda—2.2% | |||
| 870,000 | Kerry Properties Ltd. | 2,244,950 | |
| 120,000 | 1 | New Skies Satellites Holdings | 2,484,000 |
| 584,000 | Yue Yuen Industrial Holdings | 1,842,117 | |
| Total Bermuda | 6,571,067 | ||
| Brazil—0.5% | |||
| 147,000 | Gerdau SA ADR | 1,527,330 | |
| Canada—1.7% | |||
| 25,000 | Canadian Imperial Bank of Commerce | 1,631,592 | |
| 110,000 | CI Fund Management, Inc. | 1,780,170 | |
| 15,500 | Fording Canadian Coal Trust | 1,577,280 | |
| Total Canada | 4,989,042 | ||
| Cayman Islands—0.7% | |||
| 460,000 | ASM Pacific Technology | 2,144,386 | |
| Denmark—0.8% | |||
| 72,000 | Danske Bank A/S | 2,247,868 | |
| Finland—0.5% | |||
| 57,000 | Kesko Oyj | 1,552,571 | |
| France—1.8% | |||
| 5,000 | Areva SA | 2,340,566 | |
| 22,000 | Schneider Electric SA | 1,728,576 | |
| 11,000 | Societe Generale | 1,202,686 | |
| Total France | 5,271,828 | ||
| Germany—4.2% | |||
| 55,000 | AWD Holding AG | 2,512,159 | |
| 46,500 | Bilfinger Berger AG | 2,401,618 | |
| 56,000 | Hannover Rueckversicherung AG | 2,116,730 | |
| 115,000 | IVG Immobilien AG | 2,337,656 | |
| 65,000 | MAN AG | 3,029,050 | |
| Total Germany | 12,397,213 | ||
| Greece—0.8% | |||
| 70,000 | OPAP SA | 2,279,564 | |
| Hong Kong—4.3% | |||
| 750,000 | Citic Pacific Ltd. | 2,198,578 | |
| 385,000 | CLP Holdings Ltd. | 2,225,992 | |
| 476,000 | Hong Kong Exchanges & Clearing Ltd. | 1,476,443 | |
| 480,000 | HongKong Electric Holdings Ltd. | 2,278,922 | |
| 1,705,000 | New World Development Co. Ltd. | 2,269,802 | |
| 500,000 | New World Development Ltd. | 2,309,079 | |
| Total Hong Kong | 12,758,816 | ||
| Indonesia—0.5% | |||
| 2,600,000 | PT Indosat Tbk | 1,537,594 | |
| Ireland—0.5% | |||
| 85,000 | Irish Life and Permanent PLC | 1,538,271 | |
1
BlackRock Global Opportunities Equity Trust (BOE) (continued)
| Shares | Description | Value | |
| Italy—1.1% | |||
| 84,000 | ACEA SpA | $ 941,185 | |
| 60,000 | Enel SpA | 514,781 | |
| 63,000 | Eni SpA | 1,788,093 | |
| Total Italy | 3,244,059 | ||
| Japan—3.1% | |||
| 260,000 | KOMATSU Ltd. | 2,448,114 | |
| 415,000 | NSK Ltd. | 2,191,910 | |
| 215,000 | Showa Shell Sekiyu KK | 2,329,060 | |
| 200,000 | TonenGeneral Sekiyu KK | 2,127,378 | |
| Total Japan | 9,096,462 | ||
| Mexico—0.6% | |||
| 450,000 | Kimberly-Clark de Mexico SA de CV | 1,627,265 | |
| Netherlands—0.8% | |||
| 76,000 | ING Groep N.V. | 2,301,403 | |
| Norway—2.3% | |||
| 220,000 | DNB NOR ASA | 2,301,008 | |
| 60,000 | Orkla ASA | 2,353,672 | |
| 225,000 | Storebrand ASA | 2,231,574 | |
| Total Norway | 6,886,254 | ||
| Singapore—1.9% | |||
| 1,340,000 | Singapore Exchange Ltd. | 1,761,358 | |
| 910,000 | Singapore Telecommunications Ltd. | 1,516,061 | |
| 255,000 | United Overseas Bank Ltd. | 2,317,826 | |
| Total Singapore | 5,595,245 | ||
| South Africa—1.8% | |||
| 585,000 | African Bank Investments Ltd. | 1,777,212 | |
| 760,000 | Edgars Consolidated Stores Ltd. | 3,684,752 | |
| Total South Africa | 5,461,964 | ||
| South Korea—2.1% | |||
| 39,000 | Daelim Industrial Co. | 2,393,104 | |
| 30,000 | Hyundai Heavy Industries | 2,284,991 | |
| 27,000 | S-Oil Corp. | 1,517,386 | |
| Total South Korea | 6,195,481 | ||
| Sweden—2.3% | |||
| 200,000 | D Carnegie AB | 2,279,698 | |
| 240,000 | Nordea Bank AB | 2,290,919 | |
| 55,000 | Sandvik AB | 2,198,044 | |
| Total Sweden | 6,768,661 | ||
| Taiwan—2.4% | |||
| 2,261,700 | China Steel Corp. | 1,884,251 | |
| 2,875,000 | Far Eastern Textile Co. Ltd. | 2,318,877 | |
| 1,927,436 | Taishin Financial Holdings Co. Ltd. | 1,375,933 | |
| 1,525,000 | Wan Hai Lines Ltd. | 1,442,903 | |
| Total Taiwan | 7,021,964 | ||
| United Kingdom—13.1% | |||
| 185,000 | Arriva PLC | 1,833,662 | |
| 210,000 | BAA PLC | 2,228,450 | |
| 378,350 | BBA Group PLC | 2,026,673 | |
| 550,000 | Bodycote International PLC | 1,809,975 | |
| 600,000 | Brit Insurance Holdings PLC | 938,091 | |
| 172,000 | Dairy Crest Group PLC | 1,539,060 | |
| 280,000 | De La Rue PLC | 1,936,133 | |
| 200,000 | Diageo PLC | 2,758,285 | |
2
BlackRock Global Opportunities Equity Trust (BOE) (continued)
| Shares | Description | Value | |
| 600,000 | Eircom Group PLC | $ 1,231,780 | |
| 330,000 | Electrocomponents PLC | 1,457,078 | |
| 130,000 | Exel PLC | 2,152,762 | |
| 240,000 | IMI PLC | 1,875,889 | |
| 725,000 | Legal & General Group PLC | 1,458,617 | |
| 975,000 | Pilkington PLC | 2,106,921 | |
| 87,000 | Provident Financial PLC | 988,650 | |
| 18,000 | Rio Tinto PLC | 2,387,700 | |
| 35,000 | Royal Dutch Shell PLC | 2,144,800 | |
| 165,000 | Scottish & Newcastle PLC | 1,328,048 | |
| 115,000 | Severn Trent PLC | 1,978,919 | |
| 140,000 | Smiths Group PLC | 2,358,260 | |
| 170,000 | 1 | Viridian Group PLC | 2,296,236 |
| Total United Kingdom | 38,835,989 | ||
| United States—9.4% | |||
| Consumer Products—1.5% | |||
| 42,000 | Altria Group, Inc. | 2,812,320 | |
| 88,100 | Vector Group Ltd. | 1,710,021 | |
| 4,522,341 | |||
| Energy—2.3% | |||
| 45,000 | Consolidated Edison, Inc. | 2,167,200 | |
| 95,000 | Pepco Holdings, Inc. | 2,267,650 | |
| 65,000 | Southern Co. (The) | 2,274,350 | |
| 6,709,200 | |||
| Financial Institutions—1.6% | |||
| 60,000 | Bank of America Corp. | 2,616,000 | |
| 65,000 | Keycorp | 2,225,600 | |
| 4,841,600 | |||
| Industrials—2.1% | |||
| 44,000 | Caterpillar, Inc. | 2,372,040 | |
| 60,000 | RR Donnelley & Sons Co. | 2,163,000 | |
| 31,000 | Southern Peru Copper Corp. | 1,587,200 | |
| 6,122,240 | |||
| Telecommunications—1.9% | |||
| 150,000 | Alaska Communications Systems Group, Inc. | 1,480,500 | |
| 41,000 | Commonwealth Telephone Enterprises, Inc. | 1,754,800 | |
| 115,000 | PanAmSat Holding Corp. | 2,328,750 | |
| 5,564,050 | |||
| Total United States | 27,759,431 | ||
| Total Common Stocks (cost $184,153,689) | 187,913,090 |
||
| SHORT-TERM INVESTMENTS—46.8% | |||
| Money Market Fund—2.1% | |||
| 6,287,169 | Fidelity Institutional Money Market Prime Portfolio | 6,287,169 | |
| U.S. Agency Obligations—44.7% | |||
| $132,000 | Federal Home Loan Bank Corp., zero coupon, 8/01/05 | 132,000,000 | |
| Total Short-Term Investments (cost $138,287,169) | 138,287,169 |
||
| Total investments before outstanding options written (cost $322,440,8582) | 326,200,259 |
||
3
BlackRock Global Opportunities Equity Trust (BOE) (continued)
| Contracts | Description | Value | |
| OUTSTANDING PUT OPTIONS WRITTEN—(0.2)% | |||
| (110) | Royal Dutch Petroleum Co., strike price $60, expires 8/20/05 | $ (7,700) | |
| (240) | Caterpillar, Inc., strike price $47.70, expires 8/20/05 | (1,200) | |
| (165) | Genentech, Inc., strike price $85, expires 8/20/05 | (11,550) | |
| (300) | PetroChina Co. Ltd., strike price $75, expires 8/20/05 | (6,750) | |
| (31,000) | Weinerberger AG, strike price 37.4609 EUR, expires 8/19/05 | (22,467) | |
| (430,000) | Friends Provident PLC, strike price 1.8505 GBP, expires 8/20/05 | (39,412) | |
| (130,000) | Fortum Corp., strike price 13.5364 EUR, expires 8/20/05 | (2,596) | |
| (218,000) | Unilever PLC, strike price 5.4913 GBP, expires 8/20/05 | (9,327) | |
| (92,000) | Koninklijke Wessanen NV, strike price 12.805 EUR, expires 8/19/05 | (21,777) | |
| (600,000) | Advanced Info. Services PCL, strike price $95.8011, expires 8/19/05 | (439,974) | |
| (1,700,000) | Yang Ming Marine Transport, strike price 27.2779 TWD, expires 8/19/05 | (70,202) | |
| (97,000) | Hanjin Heavy Industries Co. Ltd., strike price 16,207 KRW, expires 8/19/05 | (10,308) | |
| (58,000) | Hanjin Shipping, strike price 25,613 KRW, expires 8/19/05 | (26,340) | |
| (33,000) | LG Engineering & Construction, strike price 39,138 KRW, expires 8/19/05 | (37,825) | |
| (238,000) | HKEx, strike price 23.5242 HKD, expires 9/06/05 | (9,925) | |
| (300) | Southern Peru Copper Corp., strike price $45, expires 9/17/05 | (21,750) | |
| Total Outstanding Put Options Written (premium received $442,090) | (739,103) | ||
| OUTSTANDING CALL OPTIONS WRITTEN—(5.5)% | |||
| (75,000) | Commonwealth Bank of Australia, strike price 38.7654 AUD, expires 8/03/05 | (15,676) | |
| (155) | Fording Canadian Coal Trust, strike price $100, expires 8/20/05 | (69,750) | |
| (57,000) | Kesko Oyj, strike price 21.8388 EUR, expires 8/19/05 | (52,676) | |
| (27,000) | Hyundai Heavy Industries Co. Ltd., strike price $59,189, expires 8/19/05 | (35,535) | |
| (30,000) | S Oil, strike price 78,536 KRW, expires 8/19/05 | (61,167) | |
| (515,000) | Citic Pacific Ltd., strike price $22.89 HKD, expires 8/19/05 | (22,248) | |
| (500) | Vector Group Ltd., strike price $20, expires 11/19/05 | (31,250) | |
| (650) | PanAmSat Holding, strike price $20, expires 9/17/05 | (48,750) | |
| (250) | Consolidated Edison, Inc., strike price $50, expires 11/19/05 | (13,750) | |
| (250) | Altria Group, strike price $70, expires 9/17/05 | (18,750) | |
| (400) | Southern Co., strike price $35, expires 11/19/05 | (46,000) | |
| (85,000) | Alaska Communication Systems Group, Inc., strike price $10.455, expires 9/06/05 | (17,077) | |
| (25,000) | Caterpillar, Inc., strike price $52.92, expires 9/16/05 | (59,518) | |
| (35,000) | RR Donnelley & Sons Co., strike price $36.924, expires 9/17/05 | (15,449) | |
| (15,000) | Canadian Imperial Bank of Commerce, strike price 280.27 CAD, expires 9/06/05 | (17,159) | |
| (55,000) | Pepco Holdings, Inc., strike price $23.97, expires 9/17/05 | (22,017) | |
| (22,000) | Daelim Industrial Co., strike price $1,853.20, expires 9/06/05 | (134,403) | |
| (120,000) | Showa Shell Sekiyu KK, strike price 1,239.81 JPY, expires 9/06/05 | (16,133) | |
| (110,000) | Tonengeneral Sekiyu KK, strike price 1240.9524 JPY, expires 9/06/05 | (14,852) | |
| (65,000) | St. George Bank Ltd., strike price 27.3513 AUD, expires 9/06/05 | (13,018) | |
| (740,000) | Singapore Exchange Ltd., strike price 2.2504 SGD, expires 9/06/05 | (36,950) | |
| (140,000) | United Overseas Bank Ltd., strike price 15.096 SGD, expires 9/06/05 | (21,139) | |
| (145,000) | KOMATSU Ltd., strike price 969 JPY, expires 9/06/05 | (23,140) | |
| (230,000) | NSK Ltd., strike price 619.96 JPY, expires 9/06/05 | (12,611) | |
| (475,000) | Kerry Properties Ltd., strike price 20.554 HKD, expires 9/06/05 | (31,368) | |
| (940,000) | New World Development Ltd., strike price 10.3413 HKD, expires 9/06/05 | (55,050) | |
| (235,000) | Citic Pacific Ltd., strike price 23.4713 HKD, expires 9/06/05 | (7,714) | |
| (275,000) | Orient Overseas International, strike price 36.7253 HKD, expires 9/06/05 | (11,563) | |
| (255,000) | ASM Pacific Technology, strike price 37.955 HKD, expires 9/06/05 | (13,648) | |
| (97,000) | QBE Insurance Group Ltd., strike price 1.02 AUD, expires 9/06/05 | (20,134) | |
| (12,000) | Schneider Electric SA, strike price 67.26 EUR, expires 9/06/05 | (9,122) | |
| (80,000) | Smiths Group PLC, strike price 67.26 GBP, expires 9/06/05 | (25,099) | |
| (250,000) | Kimberly-Clark de Mexico SA de CV, strike price 37.94 MXN, expires 9/06/05 | (26,263) | |
| (325,000) | Yue Yuen Industrial Holdings, strike price 24.786 HKD, expires 9/06/05 | (27,933) | |
| (105,000) | Arriva PLC., strike price 5.77 GBP, expires 9/06/05 | (15,806) | |
| (300,000) | Bodycote International PLC, strike price 193.64 GBP, expires 9/06/05 | (2,476,628) | |
| (30,000) | Sandvik AB, strike price 313.9406 SEK, expires 9/06/05 | (26,663) | |
4
BlackRock Global Opportunities Equity Trust (BOE) (continued)
| Contracts | Description | Value | |
| (125,000) | Storebrand ASA, strike price 66.9903 NOK, expires 9/06/05 | $ (25,310) | |
| (135,000) | IMI PLC, strike price 440.427 GBP, expires 9/06/05 | (3,645,302) | |
| (115,000) | BAA PLC, strike price 622.1231 GBP, expires 9/06/05 | (976,100) | |
| (95,000) | Viridian Group PLC, strike price 789.6293 GBP, expires 9/06/05 | (59,878) | |
| (35,000) | Eni SpA, strike price 23.75 EUR, expires 9/06/05 | (15,667) | |
| (35,000) | Orkla ASA, strike price 258.06 NOK, expires 9/06/05 | (30,739) | |
| (125,000) | Den Norske Bank ASA, strike price 69.4875 NOK, expires 9/06/05 | (21,281) | |
| (95,000) | Dairy Crest Group PLC, strike price 510.95 GBP, expires 9/06/05 | (2,331,555) | |
| (400,000) | Legal & General Group PLC, strike price 118.05 GBP, expires 9/06/05 | (13,289) | |
| (540,000) | Pilkington PLC, strike price 124.78 GBP, expires 9/06/05 | (5,209,951) | |
| (30,000) | AWD Holding AG, strike price 38.18 EUR, expires 9/06/05 | (48,084) | |
| (35,000) | Hannover Rueckversicherung AG, strike price 32.0295 EUR, expires 9/06/05 | (18,675) | |
| (45,000) | ING Groep N.V., strike price 25.4521 EUR, expires 9/06/05 | (9,250) | |
| (26,000) | Bilfinger Berger AG, strike price 44.07 EUR, expires 9//06/05 | (16,226) | |
| (3,000) | Areva SA, strike price 387.08 EUR, expires 9/06/05 | (51,255) | |
| (35,000) | MAN AG, strike price 38.89 EUR, expires 9/06/05 | (45,025) | |
| (135,000) | Nordea Bank AB, strike price 193.64 DKK, expires 9/06/05 | (21,165) | |
| (40,000) | Danske Bank A/S, strike price 197.6556, expires 9/06/05 | (9,543) | |
| (180) | Rio Tinto PLC, strike price 140, expires 10/22/05 | (45,000) | |
| (300) | Southern Peru Copper Corp., strike price $55, expires 9/17/05 | (24,750) | |
| (110,000) | D Carnegie AB, strike price 90.9575 SEK, expires 9/06/05 | (25,885) | |
| Total Outstanding Call Options Written (premium received $13,267,126) | (16,209,937) | ||
| Total Investments, net of outstanding options written—104.7% | 309,251,219 | ||
| Liabilities in excess of other assets—(4.7%) | (14,021,073) | ||
| Net Assets—100% | $ 295,230,146 | ||
| 1 | Non-incoming producing security. | ||
| 2 | Cost for Federal income tax purposes is $322,441,438. The net unrealized appreciation on a tax basis | ||
| is $3,758,821, consisting of $6,354,805 gross unrealized appreciation and $2,595,984 gross | |||
| unrealized depreciation. |
A category may contain multiple industries as defined by the SEC’s Standard Industry Codes.
5
(a) The Registrant's principal executive and principal financial officers have evaluated the Registrant's disclosure controls and procedures within 90 days of this filing and have concluded, as of that date, that the Registrant’s disclosure controls and procedures were reasonably designed to ensure that information required to be disclosed by the Registrant in this Form N-Q was recorded, processed, summarized, and reported within the required time periods and that information to be disclosed by the Registrant in this Form N-Q was accumulated and communicated to the Registrant’s management , including it principle executive and principle financial officers, as appropriate to allow timely decisions regarding required disclosure.
(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 (17 CFR 270.30a -3(d)) 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.
Separate certifications of the registrant’s principal executive and financial officers pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 are attached as EX-99.CERT.
SIGNATURES
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.
(Registrant) BlackRock Global Opportunities Equity Trust
By: /s/ Henry Gabbay
Name: Henry Gabbay
Title: Treasurer
Date: September 28, 2005
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/ Robert S. Kapito
Name: Robert S. Kapito
Title: Principal Executive Officer
Date: September 28, 2005
By: /s/ Henry Gabbay
Name: Henry Gabbay
Title: Principal Financial Officer
Date: September 28, 2005