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 811-22032

Name of Fund: BlackRock International Growth and Income Trust (BGY)

Fund Address: 100 Bellevue Parkway, Wilmington, DE 19809

Name and address of agent for service: Anne F. Ackerley, Chief Executive Officer, BlackRock International Growth and Income Trust, 40 East 52nd Street, New York, NY 10022.

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

Date of fiscal year end: 10/31/2009

Date of reporting period: 07/31/2009

Item 1 – Schedule of Investments

 

 

Schedule of Investments July 31, 2009 (Unaudited)

BlackRock International Growth and Income Trust (BGY)

 

(Percentages shown are based on Net Assets)

 

 

 

 

 

 

 

 

Common Stocks

 

Shares

 

Value

 

Australia—2.2%

 

 

 

 

 

 

 

BHP Billiton Ltd. - ADR (a)

 

 

115,500

 

$

7,271,880

 

Santos Ltd.

 

 

610,900

 

 

7,434,790

 

Woodside Petroleum Ltd.

 

 

212,500

 

 

8,144,521

 

WorleyParsons Ltd.

 

 

145,600

 

 

3,139,669

 

 

 

 

 

 

 

 

 

 

 

 

 

25,990,860

 

Austria—0.4%

 

 

 

 

 

 

 

OMV AG

 

 

118,000

 

 

4,682,237

 

Belgium—1.4%

 

 

 

 

 

 

 

Anheuser-Busch InBev NV

 

 

166,300

 

 

6,597,611

 

Belgacom SA

 

 

168,400

 

 

6,032,721

 

Compagnie Maritime Belge SA

 

 

121,860

 

 

3,955,140

 

 

 

 

 

 

 

 

 

 

 

 

 

16,585,472

 

Bermuda—0.4%

 

 

 

 

 

 

 

Seadrill Ltd.

 

 

270,000

 

 

4,350,798

 

Brazil—2.4%

 

 

 

 

 

 

 

Banco Bradesco SA - ADR

 

 

235,400

 

 

3,712,258

 

BM&FBOVESPA SA

 

 

377,444

 

 

2,435,710

 

Cia Energetica de Minas Gerais - ADR (a)

 

 

508,200

 

 

7,257,096

 

Itau Unibanco Holding SA - ADR (a)

 

 

441,032

 

 

7,890,062

 

Petroleo Brasileiro SA - ADR

 

 

161,900

 

 

6,676,756

 

 

 

 

 

 

 

 

 

 

 

 

 

27,971,882

 

Canada—7.9%

 

 

 

 

 

 

 

Barrick Gold Corp. (a)

 

 

320,400

 

 

11,181,960

 

Bombardier, Inc., Class B

 

 

1,370,700

 

 

4,860,593

 

Canadian Natural Resources Ltd.

 

 

122,400

 

 

7,358,203

 

Canadian Oil Sands Trust

 

 

188,300

 

 

4,740,493

 

Crescent Point Energy Corp.

 

 

148,600

 

 

4,828,035

 

EnCana Corp. (a)

 

 

124,400

 

 

6,674,060

 

Goldcorp, Inc.

 

 

216,000

 

 

8,206,897

 

Husky Energy, Inc.

 

 

277,276

 

 

8,159,340

 

Kinross Gold Corp.

 

 

520,800

 

 

10,273,381

 

Potash Corp. of Saskatchewan, Inc.

 

 

39,500

 

 

3,673,895

 

Royal Bank of Canada

 

 

116,600

 

 

5,550,474

 

Suncor Energy, Inc. (b)

 

 

134,500

 

 

4,368,560

 

TELUS Corp.

 

 

237,600

 

 

6,859,466

 

Toronto-Dominion Bank (The)

 

 

97,870

 

 

5,733,651

 

 

 

 

 

 

 

 

 

 

 

 

 

92,469,008

 

Chile—0.6%

 

 

 

 

 

 

 

Banco Santander Chile - ADR (a)

 

 

145,100

 

 

7,125,861

 

China—2.3%

 

 

 

 

 

 

 

China Construction Bank Corp. Class H

 

 

11,576,100

 

 

9,297,814

 

China Life Insurance Co. Ltd. Class H

 

 

657,400

 

 

2,911,379

 

Guangzhou R&F Properties Co. Ltd.

 

 

473,108

 

 

1,038,861

 

Industrial & Commercial Bank of China

 

 

12,730,200

 

 

9,141,066

 

PICC Property & Casualty Co. Ltd. (b)

 

 

5,960,000

 

 

4,630,243

 

 

 

 

 

 

 

 

 

 

 

 

 

27,019,363

 

Denmark—0.3%

 

 

 

 

 

 

 

TrygVesta AS

 

 

54,100

 

 

3,643,484

 

Finland—1.1%

 

 

 

 

 

 

 

Fortum Oyj

 

 

172,200

 

 

3,991,190

 

Nokia OYJ

 

 

285,700

 

 

3,841,642

 

Wartsila Oyj B Shares

 

 

151,600

 

 

5,429,178

 

 

 

 

 

 

 

 

 

 

 

 

 

13,262,010

 

France—6.0%

 

 

 

 

 

 

 

Alstom SA

 

 

123,000

 

 

8,446,150

 

AXA SA

 

 

229,200

 

 

4,838,015

 

BNP Paribas

 

 

76,800

 

 

5,576,531

 

Cap Gemini SA

 

 

203,500

 

 

9,405,539

 

Casino Guichard Perrachon SA

 

 

74,597

 

 

5,125,401

 

France Telecom SA

 

 

291,900

 

 

7,280,812

 

GDF Suez

 

 

161,960

 

 

6,187,888

 

Total SA

 

 

138,600

 

 

7,686,816

 

Unibail-Rodamco SE - REIT

 

 

29,600

 

 

5,170,996

 

Vivendi

 

 

416,100

 

 

10,666,103

 

 

 

 

 

 

 

 

 

 

 

 

 

70,384,251

 

Germany—6.0%

 

 

 

 

 

 

 

Allianz SE

 

 

39,800

 

 

3,929,603

 

BASF SE

 

 

240,300

 

 

12,018,873

 

 

 

 

 

 

 

 

 

Common Stocks

 

Shares

 

Value

 

Germany— (concluded)

 

 

 

 

 

 

 

E.ON AG

 

 

50,000

 

$

1,889,176

 

Fresenius Medical Care AG & Co. KGaA

 

 

93,400

 

 

4,289,715

 

Linde AG

 

 

179,800

 

 

16,948,232

 

MAN SE

 

 

93,200

 

 

6,433,101

 

RWE AG

 

 

82,700

 

 

6,976,881

 

Salzgitter AG

 

 

62,400

 

 

6,304,379

 

ThyssenKrupp AG

 

 

353,100

 

 

10,849,673

 

 

 

 

 

 

 

 

 

 

 

 

 

69,639,633

 

Greece—0.7%

 

 

 

 

 

 

 

OPAP SA

 

 

320,000

 

 

7,668,497

 

Hong Kong—3.6%

 

 

 

 

 

 

 

China Mobile Ltd.

 

 

654,000

 

 

6,862,733

 

China Resources Power Holdings Co. Ltd.

 

 

2,558,000

 

 

6,602,966

 

CNOOC Ltd. - ADR

 

 

12,000

 

 

1,599,960

 

Esprit Holdings Ltd.

 

 

856,800

 

 

6,169,979

 

Hong Kong Exchanges and Clearing Ltd.

 

 

307,100

 

 

5,766,428

 

Hutchison Whampoa Ltd.

 

 

1,087,400

 

 

8,128,084

 

New World Development Ltd.

 

 

1,397,900

 

 

3,327,488

 

Sun Kung Kai Properties Ltd.

 

 

246,000

 

 

3,734,952

 

 

 

 

 

 

 

 

 

 

 

 

 

42,192,590

 

Indonesia—0.8%

 

 

 

 

 

 

 

Bank Negara Indonesia Persero Tbk PT

 

 

22,446,600

 

 

4,271,553

 

Telekomunikasi Indonesia Tbk PT - ADR

 

 

149,800

 

 

5,290,936

 

 

 

 

 

 

 

 

 

 

 

 

 

9,562,489

 

Israel—0.9%

 

 

 

 

 

 

 

Cellcom Israel Ltd.

 

 

194,800

 

 

5,446,608

 

Teva Pharmaceutical Industries Ltd. - ADR (a)

 

 

101,400

 

 

5,408,676

 

 

 

 

 

 

 

 

 

 

 

 

 

10,855,284

 

Italy—1.2%

 

 

 

 

 

 

 

Assicurazioni Generali SpA

 

 

123,168

 

 

2,807,090

 

Intesa Sanpaolo SpA

 

 

694,300

 

 

1,954,839

 

Saipem SpA

 

 

117,000

 

 

3,170,778

 

UniCredit SpA (b)

 

 

2,244,176

 

 

6,548,541

 

 

 

 

 

 

 

 

 

 

 

 

 

14,481,248

 

Japan—11.3%

 

 

 

 

 

 

 

Bank of Yokohama Ltd. (The)

 

 

1,171,500

 

 

6,324,915

 

Daito Trust Construction Co. Ltd.

 

 

89,300

 

 

4,379,111

 

Fanuc Ltd.

 

 

156,500

 

 

12,787,405

 

Honda Motor Co. Ltd.

 

 

313,600

 

 

10,028,740

 

INPEX Corp.

 

 

872

 

 

6,633,750

 

ITOCHU Corp.

 

 

957,300

 

 

7,123,916

 

Japan Tobacco, Inc.

 

 

2,380

 

 

6,877,624

 

Konica Minolta Holdings, Inc.

 

 

895,000

 

 

9,704,307

 

Marubeni Corp.

 

 

1,538,000

 

 

7,061,449

 

Matsui Securities Co. Ltd.

 

 

619,800

 

 

5,911,487

 

Mitsubishi Estate Co. Ltd.

 

 

97,000

 

 

1,610,002

 

Mitsubishi UFJ Financial Group, Inc.

 

 

863,100

 

 

5,271,104

 

Mitsui Fudosan Co. Ltd.

 

 

125,000

 

 

2,289,069

 

Mizuho Financial Group, Inc.

 

 

843,571

 

 

1,939,350

 

Nintendo Co. Ltd.

 

 

24,800

 

 

6,663,115

 

NSK Ltd.

 

 

1,350,000

 

 

7,282,954

 

Sumitomo Corp.

 

 

1,094,300

 

 

10,766,328

 

Sumitomo Mitsui Financial Group, Inc.

 

 

73,300

 

 

3,120,187

 

T&D Holdings, Inc.

 

 

38,350

 

 

1,119,361

 

Toyo Suisan Kaisha Ltd.

 

 

306,500

 

 

7,638,407

 

Toyota Motor Corp.

 

 

170,100

 

 

7,139,668

 

 

 

 

 

 

 

 

 

 

 

 

 

131,672,249

 

Luxembourg—2.3%

 

 

 

 

 

 

 

ArcelorMittal

 

 

261,900

 

 

9,438,623

 

ArcelorMittal NY Registered Shares

 

 

86,000

 

 

3,099,440

 

SES SA

 

 

724,490

 

 

14,326,421

 

 

 

 

 

 

 

 

 

 

 

 

 

26,864,484

 

Malaysia—1.3%

 

 

 

 

 

 

 

Bumiputra-Commerce Holdings Bhd

 

 

2,115,600

 

 

6,477,500

 

Sime Darby Bhd

 

 

3,737,000

 

 

8,748,782

 

 

 

 

 

 

 

 

 

 

 

 

15,226,282

 


 

 

 

 

 

 

 

 

1

 

JULY 31, 2009

 


 

 

Schedule of Investments (continued)

BlackRock International Growth and Income Trust (BGY)

 

(Percentages shown are based on Net Assets)

 

 

 

 

 

 

 

 

Common Stocks

 

Shares

 

Value

 

Netherlands—0.4%

 

 

 

 

 

 

 

ASML Holdings NV NY Registered Shares

 

 

155,700

 

$

4,049,757

 

Corio NV - REIT

 

 

19,000

 

 

1,051,789

 

 

 

 

 

 

 

 

 

 

 

 

 

5,101,546

 

Norway—1.3%

 

 

 

 

 

 

 

Orkla ASA

 

 

150,000

 

 

1,193,563

 

StatoilHdryo ASA

 

 

278,300

 

 

5,950,290

 

Yara International ASA

 

 

269,000

 

 

8,357,208

 

 

 

 

 

 

 

 

 

 

 

 

 

15,501,061

 

Philippines—0.5%

 

 

 

 

 

 

 

Philippine Long Distance Telephone Co. - ADR (a)

 

 

102,100

 

 

5,377,607

 

Singapore—3.9%

 

 

 

 

 

 

 

CapitaLand Ltd.

 

 

1,448,771

 

 

3,842,551

 

DBS Group Holdings Ltd.

 

 

683,000

 

 

6,588,214

 

Singapore Technologies Engineering Ltd.

 

 

4,479,766

 

 

8,181,815

 

Singapore Telecommunications Ltd.

 

 

8,739,100

 

 

21,238,627

 

United Overseas Bank Ltd.

 

 

460,000

 

 

5,646,486

 

 

 

 

 

 

 

 

 

 

 

 

 

45,497,693

 

South Korea—1.8%

 

 

 

 

 

 

 

Samsung Electronics Co. Ltd.

 

 

25,900

 

 

15,250,090

 

Samsung Securities Co. Ltd.

 

 

89,900

 

 

5,588,592

 

 

 

 

 

 

 

 

 

 

 

 

 

20,838,682

 

Spain—1.6%

 

 

 

 

 

 

 

Banco Bilbao Vizcaya Argentaria SA

 

 

373,600

 

 

6,116,516

 

Banco Popular Espanol SA

 

 

224,910

 

 

2,024,739

 

Banco Santander SA

 

 

755,900

 

 

10,946,172

 

 

 

 

 

 

 

 

 

 

 

 

 

19,087,427

 

Sweden—1.7%

 

 

 

 

 

 

 

Nordea Bank AB

 

 

670,724

 

 

6,487,874

 

Skanska AB B Shares

 

 

539,300

 

 

7,567,042

 

TeliaSonera AB

 

 

930,500

 

 

5,969,928

 

 

 

 

 

 

 

 

 

 

 

 

 

20,024,844

 

Switzerland—4.1%

 

 

 

 

 

 

 

Alcon, Inc.

 

 

26,300

 

 

3,355,880

 

Nestle SA

 

 

392,000

 

 

16,109,026

 

Novartis AG

 

 

233,000

 

 

10,645,652

 

Sonova Holding AG

 

 

45,600

 

 

4,013,754

 

Syngenta AG

 

 

47,000

 

 

10,816,008

 

Zurich Financial Services AG

 

 

14,800

 

 

2,906,395

 

 

 

 

 

 

 

 

 

 

 

 

 

47,846,715

 

Taiwan—2.6%

 

 

 

 

 

 

 

AU Optronics Corp. - ADR

 

 

386,900

 

 

4,310,066

 

Mega Financial Holding Co. Ltd.

 

 

7,811,100

 

 

4,064,794

 

Nan Ya Plastics Corp.

 

 

9,204,080

 

 

11,841,681

 

Siliconware Precision Industries Co. - ADR

 

 

622,400

 

 

4,219,872

 

Taiwan Semiconductor Manufacturing Co. Ltd. - ADR

 

 

536,984

 

 

5,622,223

 

 

 

 

 

 

 

 

 

 

 

 

 

30,058,636

 

Thailand—0.2%

 

 

 

 

 

 

 

Bangkok Bank PCL

 

 

800,500

 

 

2,639,888

 

Turkey—0.6%

 

 

 

 

 

 

 

Turkcell Iletisim Hizmet AS - ADR

 

 

399,900

 

 

6,310,422

 

United Kingdom—16.2%

 

 

 

 

 

 

 

Anglo American Plc (b)

 

 

223,600

 

 

7,211,182

 

BP Plc - ADR

 

 

152,100

 

 

7,611,084

 

British American Tobacco Plc

 

 

481,703

 

 

14,951,835

 

Catlin Group Ltd.

 

 

422,300

 

 

2,180,460

 

De La Rue Plc

 

 

336,538

 

 

4,680,944

 

Eurasian Natural Resources Corp

 

 

427,900

 

 

6,171,164

 

Firstgroup Plc

 

 

300,000

 

 

1,661,742

 

GlaxoSmithKline Plc

 

 

614,100

 

 

11,765,901

 

Hays Plc

 

 

4,170,200

 

 

6,638,019

 

HSBC Holdings Plc

 

 

1,482,500

 

 

15,001,199

 

Imperial Tobacco Group Plc

 

 

251,300

 

 

7,171,458

 

Intercontinental Hotels Group Plc

 

 

466,550

 

 

5,289,060

 

International Power Plc

 

 

2,033,400

 

 

8,671,328

 

Next Plc

 

 

220,000

 

 

6,272,984

 

Persimmon Plc

 

 

494,400

 

 

3,718,673

 

 

 

 

 

 

 

 

 

Common Stocks

 

Shares

 

Value

 

United Kingdom— (concluded)

 

 

 

 

 

 

 

Prudential Plc

 

 

630,300

 

$

4,720,182

 

Rio Tinto Plc - ADR

 

 

31,150

 

 

5,220,117

 

Royal Dutch Shell Plc, Class B

 

 

636,600

 

 

16,507,423

 

Smiths Group Plc

 

 

590,700

 

 

7,104,360

 

Standard Chartered Plc

 

 

400,600

 

 

9,510,563

 

Standard Life Plc

 

 

966,300

 

 

3,188,306

 

Tesco Plc

 

 

999,300

 

 

6,121,111

 

Unilever Plc

 

 

525,000

 

 

13,838,428

 

United Business Media Ltd.

 

 

801,100

 

 

5,680,060

 

Vodafone Group Plc

 

 

2,026,400

 

 

4,166,279

 

Vodafone Group Plc - ADR (a)

 

 

202,000

 

 

4,157,160

 

 

 

 

 

 

 

 

 

 

 

 

 

189,211,022

 

Total Long-Term Investments
(Cost—$1,239,965,284)—88.0%

 

 

 

 

 

1,029,143,525

 

Short-Term Securities

 

 

 

 

 

 

 

BlackRock Liquidity Funds, TempFund, 0.29% (c)(d)

 

 

99,191,272

 

 

99,191,272

 

Total Short-Term Securities
(Cost—$99,191,272)—8.5%

 

 

 

 

 

99,191,272

 

Total Investments Before Outstanding Options Written
(Cost—$1,339,156,556*)—96.5%

 

 

 

 

 

1,128,334,797

 

Options Written

 

Contracts

 

 

 

 

Exchange-Traded Call Options Written—(0.3)%

 

 

 

 

 

 

 

Alcon, Inc., Strike Price $115, Expires
8/24/09

 

 

(155

)

 

(203,050

)

ArcelorMittal NY Registered Shares, Strike
Price $39, Expires 9/21/09

 

 

(860

)

 

(124,700

)

ASML Holding NV NY Registered Shares,
Strike Price $25, Expires 9/21/09

 

 

(930

)

 

(174,375

)

Barrick Gold Corp., Strike Price $36,
Expires 8/24/09

 

 

(3,200

)

 

(248,000

)

BHP Billiton Ltd. - ADR, Strike Price $60,
Expires 8/24/09

 

 

(365

)

 

(162,425

)

Canadian Natural Resources Ltd., Strike
Price 62 CAD, Expires 8/22/09

 

 

(1,176

)

 

(458,501

)

Canadian Natural Resources Ltd., Strike
Price 64 CAD, Expires 8/22/09

 

 

(48

)

 

(12,810

)

Canadian Oil Sands Trust, Strike Price 28
CAD, Expires 8/22/09

 

 

(1,130

)

 

(44,581

)

CNOOC Ltd. - ADR, Strike Price $135,
Expires 9/21/09

 

 

(120

)

 

(90,000

)

EnCana Corp., Strike Price $55, Expires
8/24/09

 

 

(750

)

 

(90,000

)

Goldcorp, Inc., Strike Price 44 CAD, Expires
8/22/09

 

 

(860

)

 

(21,954

)

Kinross Gold Corp., Strike Price 22 CAD,
Expires 8/22/09

 

 

(1,600

)

 

(57,925

)

Kinross Gold Corp., Strike Price 23 CAD,
Expires 8/22/09

 

 

(3,608

)

 

(60,287

)

Petroleo Brasileiro SA - ADR, Strike Price
$43, Expires 9/21/09

 

 

(1,619

)

 

(275,230

)

Rio Tinto Plc - ADR, Strike Price $175,
Expires 10/19/09

 

 

(142

)

 

(164,720

)

Rio Tinto Plc - ADR, Strike Price $190,
Expires 8/24/09

 

 

(27

)

 

(22,005

)

Royal Bank of Canada, Strike Price 46 CAD,
Expires 8/22/09

 

 

(701

)

 

(343,261

)

Suncor Energy, Inc., Strike Price $31,
Expires 8/24/09

 

 

(700

)

 

(154,000

)

Suncor Energy, Inc., Strike Price $34,
Expires 8/24/09

 

 

(105

)

 

(7,350

)

Telekomunikasi Indonesia Tbk PT - ADR,
Strike Price $35, Expires 8/24/09

 

 

(885

)

 

(137,175

)


 

 

 

 

 

 

 

 

 

 

JULY 31, 2009

2


 

 

Schedule of Investments (continued)

BlackRock International Growth and Income Trust (BGY)
(Percentages shown are based on Net Assets)

 

 

 

 

 

 

 

 

Options Written

 

Contracts

 

Value

 

Exchange-Traded Call Options Written— (concluded)

 

 

 

 

 

 

 

TELUS Corp., Strike Price 34 CAD, Expires
8/22/09

 

 

(700

)

$

(9,747

)

Teva Pharmaceutical Industries Ltd. - ADR,
Strike Price $47.50, Expires 8/24/09

 

 

(42

)

 

(24,780

)

Teva Pharmaceutical Industries Ltd. - ADR,
Strike Price $52.50, Expires 9/21/09

 

 

(584

)

 

(127,020

)

Toronto-Dominion Bank (The), Strike Price
60 CAD, Expires 8/24/09

 

 

(575

)

 

(196,159

)

Turkcell Iletisim Hizmet AS - ADR, Strike
Price $15, Expires 8/24/09

 

 

(1,400

)

 

(143,500

)

Turkcell Iletisim Hizmet AS - ADR, Strike
Price $15, Expires 9/21/09

 

 

(1,000

)

 

(127,500

)

Vodafone Group Plc - ADR, Strike Price
$20, Expires 9/21/09

 

 

(900

)

 

(108,000

)

Total Exchange-Traded Call Options Written

 

 

 

 

 

(3,589,055

)

Exchange-Traded Put Options Written—(0.0)%

 

 

 

 

 

 

 

Alcon, Inc., Strike Price $110, Expires
8/24/09

 

 

(50

)

 

(875

)

Alcon, Inc., Strike Price $115, Expires
8/24/09

 

 

(320

)

 

(10,400

)

AU Optronics Corp. - ADR, Strike Price $10,
Expires 8/24/09

 

 

(1,000

)

 

(10,000

)

iShares MSCI EAFE Index Fund, Strike
Price $43, Expires 8/24/09

 

 

(839

)

 

(6,292

)

iShares MSCI Emerging Markets Index,
Strike Price $29, Expires 8/24/09

 

 

(526

)

 

(4,734

)

Total Exchange-Traded Put Options Written

 

 

 

 

 

(32,301

)

Over-the-Counter Call Options Written—(2.7)%

 

 

 

 

 

 

 

Allianz SE, Strike Price 73 EUR, Expires
9/02/09, Broker Morgan Stanley & Co.,
Inc.

 

 

(23,900

)

 

(50,861

)

Alstom SA, Strike Price 42.88 EUR, Expires
8/06/09, Broker Morgan Stanley & Co.,
Inc.

 

 

(35,800

)

 

(271,608

)

Alstom SA, Strike Price 46.90 EUR, Expires
8/26/09, Broker Credit Suisse First
Boston

 

 

(38,000

)

 

(136,271

)

Anglo American Plc, Strike Price 18.50
GBP, Expires 8/21/09, Broker Goldman
Sachs & Co.

 

 

(135

)

 

(325,413

)

Anheuser-Busch InBev NV, Strike Price
28.82 EUR, Expires 9/09/09, Broker
UBS Securities LLC

 

 

(133,000

)

 

(146,958

)

Assicurazioni Generali SpA, Strike Price
16.08 EUR, Expires 8/26/09, Broker
UBS Securities LLC

 

 

(73,900

)

 

(31,709

)

AU Optronics Corp. - ADR, Strike Price
$11.42, Expires 9/14/09, Broker
Goldman Sachs & Co.

 

 

(232,000

)

 

(273,124

)

AXA SA, Strike Price 14.38 EUR, Expires
8/26/09, Broker Morgan Stanley & Co.,
Inc.

 

 

(90,200

)

 

(118,008

)

AXA SA, Strike Price 15.24 EUR, Expires
8/26/09, Broker Morgan Stanley & Co.,
Inc.

 

 

(47,300

)

 

(33,803

)

Banco Bilbao Vizcaya Argentaria SA, Strike
Price 10.07 EUR, Expires 9/02/09,
Broker UBS Securities LLC

 

 

(224,000

)

 

(453,423

)

Banco Bradesco SA - ADR, Strike Price
$15.39, Expires 8/21/09, Broker Credit
Suisse First Boston

 

 

(141,200

)

 

(112,037

)

Banco Popular Espanol SA, Strike Price
6.03 EUR, Expires 8/20/09, Broker BNP
Paribas

 

 

(72,700

)

 

(39,466

)

Banco Popular Espanol SA, Strike Price
6.50 EUR, Expires 9/02/09, Broker
JPMorgan Chase Securities

 

 

(62,300

)

 

(17,666

)

Banco Santander Chile - ADR, Strike Price
$52.76, Expires 9/25/09, Broker
Morgan Stanley & Co., Inc.

 

 

(87,000

)

 

(92,979

)

 

 

 

 

 

 

 

 

Options Written

 

Contracts

 

Value

 

Over-the-Counter Call Options Written— (continued)

 

 

 

 

 

 

 

Banco Santander SA, Strike Price 8.60
EUR, Expires 8/19/09, Broker Morgan
Stanley & Co., Inc.

 

 

(401,000

)

$

(893,510

)

Banco Santander SA, Strike Price 9.54
EUR, Expires 8/26/09, Broker Morgan
Stanley & Co., Inc.

 

 

(52,500

)

 

(53,865

)

Bank of Yokohama Ltd. (The), Strike Price
516.80 JPY, Expires 9/15/09, Broker
JPMorgan Chase Securities

 

 

(703,000

)

 

(231,426

)

BASF SE, Strike Price 28 EUR, Expires
8/19/09, Broker UBS Securities LLC

 

 

(99,400

)

 

(987,956

)

BASF SE, Strike Price 34.32 EUR, Expires
9/02/09, Broker JPMorgan Chase
Securities

 

 

(44,800

)

 

(110,468

)

Belgacom SA, Strike Price 24.12 EUR, Expires
8/19/09, Broker Morgan Stanley
& Co., Inc.

 

 

(101,000

)

 

(149,320

)

BM&FBOVESPA SA, Strike Price $12.46,
Expires 8/14/09, Broker Deutsche Bank
Securities

 

 

(226,400

)

 

(43,695

)

BNP Paribas, Strike Price 52.44 EUR,
Expires 9/02/09, Broker Morgan Stanley
& Co., Inc.

 

 

(46,000

)

 

(102,286

)

BP Plc - ADR, Strike Price $50.33, Expires
9/04/09, Broker UBS Securities LLC

 

 

(91,500

)

 

(103,957

)

British American Tobacco Plc, Strike Price
18.47 GBP, Expires 9/18/09, Broker
Morgan Stanley & Co., Inc.

 

 

(481,700

)

 

(434,360

)

Cap Gemini SA, Strike Price 25.77 EUR,
Expires 8/06/09, Broker UBS Securities
LLC

 

 

(47,100

)

 

(447,154

)

Cap Gemini SA, Strike Price 25.84 EUR,
Expires 8/19/09, Broker JPMorgan
Chase Securities

 

 

(50,000

)

 

(469,568

)

Cap Gemini SA, Strike Price 29.71 EUR,
Expires 8/19/09, Broker Citigroup
Global Markets

 

 

(25,000

)

 

(99,945

)

CapitaLand Ltd., Strike Price 4.03 SGD,
Expires 9/01/09, Broker JPMorgan
Chase Securities

 

 

(869,000

)

 

(91,159

)

Casino Guichard Perrachon SA, Strike
Price 47.78 EUR, Expires 9/02/09,
Broker UBS Securities LLC

 

 

(44,800

)

 

(108,523

)

Catlin Group Ltd., Strike Price 3.25 GBP,
Expires 8/18/09, Broker Morgan Stanley
& Co., Inc.

 

 

(253,400

)

 

(18,661

)

Cellcom Israel Ltd., Strike Price $26.83,
Expires 8/17/09, Broker Credit Suisse
First Boston

 

 

(85,000

)

 

(114,750

)

Cellcom Israel Ltd., Strike Price $28.23,
Expires 9/25/09, Broker Citigroup
Global Markets

 

 

(61,000

)

 

(28,816

)

China Construction Bank Corp. Class H,
Strike Price 5.87 HKD, Expires 8/18/09,
Broker Credit Suisse First Boston

 

 

(2,944,000

)

 

(164,360

)

China Construction Bank Corp. Class H,
Strike Price 6.27 HKD, Expires 9/01/09,
Broker Goldman Sachs & Co.

 

 

(4,001,000

)

 

(144,761

)

China Life Insurance Co. Ltd. Class H,
Strike Price 31.72 HKD, Expires
8/18/09, Broker Credit Suisse First
Boston

 

 

(394,000

)

 

(144,094

)

China Mobile Ltd., Strike Price 83.02 HKD,
Expires 9/01/09, Broker Goldman Sachs
& Co.

 

 

(392,000

)

 

(144,518

)

China Resources Power Holdings Co. Ltd.,
Strike Price 18.66 HKD, Expires
8/26/09, Broker Credit Suisse First
Boston

 

 

(1,500,000

)

 

(330,533

)


 

 

 

 

 

 

 

 

3

 

JULY 31, 2009

 


 

 

Schedule of Investments (continued)

BlackRock International Growth and Income Trust (BGY)

 

(Percentages shown are based on Net Assets)


 

 

 

 

 

 

 

 

Options Written

 

Contracts

 

Value

 

Over-the-Counter Call Options Written— (continued)

 

 

 

 

 

 

 

Cia Energetica de Minas Gerais - ADR,
Strike Price $13.84, Expires 8/04/09,
Broker Morgan Stanley & Co., Inc.

 

 

(120,300

)

$

(77,223

)

Cia Energetica de Minas Gerais - ADR,
Strike Price $13.97, Expires 8/21/09,
Broker Morgan Stanley & Co., Inc.

 

 

(59,600

)

 

(40,440

)

Cia Energetica de Minas Gerais - ADR,
Strike Price $14, Expires 8/21/09,
Broker Goldman Sachs & Co.

 

 

(125,000

)

 

(82,406

)

Compagnie Maritime Belge SA, Strike
Price 21.28 EUR, Expires 8/06/09,
Broker UBS Securities LLC

 

 

(17,000

)

 

(40,001

)

Compagnie Maritime Belge SA, Strike
Price 22.15 EUR, Expires 8/19/09,
Broker UBS Securities LLC

 

 

(18,000

)

 

(38,983

)

Compagnie Maritime Belge SA, Strike
Price 22.25 EUR, Expires 9/02/09,
Broker UBS Securities LLC

 

 

(19,000

)

 

(48,537

)

Compagnie Maritime Belge SA, Strike
Price 23.96 EUR, Expires 9/09/09,
Broker UBS Securities LLC

 

 

(19,000

)

 

(33,778

)

Corio NV - REIT, Strike Price 37 EUR,
Expires 9/02/09, Broker UBS Securities
LLC

 

 

(11,500

)

 

(36,098

)

Crescent Point Energy Corp., Strike Price
35.63 CAD, Expires 8/31/09, Broker
Goldman Sachs & Co.

 

 

(89,100

)

 

(58,601

)

Daito Trust Construction Co. Ltd., Strike
Price 4,346.32 JPY, Expires 9/01/09,
Broker UBS Securities LLC

 

 

(54,000

)

 

(237,007

)

DBS Group Holdings Ltd., Strike Price
13.54 SGD, Expires 9/01/09, Broker
JPMorgan Chase Securities

 

 

(410,000

)

 

(247,168

)

De La Rue Plc, Strike Price 8.41 GBP,
Expires 9/09/09, Broker Morgan Stanley
& Co., Inc.

 

 

(125,000

)

 

(45,209

)

De La Rue Plc, Strike Price 8.76 GBP,
Expires 8/26/09, Broker Morgan Stanley
& Co., Inc.

 

 

(111,500

)

 

(13,832

)

De La Rue Plc, Strike Price 8.86 GBP,
Expires 8/18/09, Broker Morgan Stanley
& Co., Inc.

 

 

(100,000

)

 

(5,430

)

E.ON AG, Strike Price 24.22 EUR, Expires
8/19/09, Broker Goldman Sachs & Co.

 

 

(50,000

)

 

(183,419

)

Esprit Holdings Ltd., Strike Price 51.68
HKD, Expires 8/18/09, Broker JPMorgan
Chase Securities

 

 

(235,000

)

 

(146,327

)

Esprit Holdings Ltd., Strike Price 59.58
HKD, Expires 9/01/09, Broker Goldman
Sachs & Co.

 

 

(279,000

)

 

(62,752

)

Eurasian Natural Resources Corp., Strike
Price 9.59 GBP, Expires 9/09/09,
Broker Morgan Stanley & Co., Inc.

 

 

(256,800

)

 

(159,363

)

Fanuc Ltd., Strike Price 7,992.11 JPY,
Expires 9/01/09, Broker UBS Securities
LLC

 

 

(94,000

)

 

(273,774

)

Firstgroup Plc, Strike Price 3.67 GBP,
Expires 8/05/09, Broker Morgan Stanley
& Co., Inc.

 

 

(180,000

)

 

(1,082

)

Fortum Oyj, Strike Price 16.81 EUR,
Expires 8/26/09, Broker Credit Suisse
First Boston

 

 

(172,200

)

 

(83,455

)

France Telecom SA, Strike Price 16.03
EUR, Expires 8/19/09, Broker BNP
Paribas

 

 

(87,600

)

 

(183,691

)

France Telecom SA, Strike Price 16.57
EUR, Expires 8/06/09, Broker Deutsche
Bank Securities

 

 

(87,600

)

 

(116,284

)

 

 

 

 

 

 

 

 

Options Written

 

Contracts

 

Value

 

Over-the-Counter Call Options Written— (continued)

 

 

 

 

 

 

 

Fresenius Medical Care AG & Co. KGaA,
Strike Price 32.26 EUR, Expires
9/02/09, Broker Credit Suisse First
Boston

 

 

(56,000

)

$

(73,738

)

GDF Suez, Strike Price 25.17 EUR, Expires
8/21/09, Broker BNP Paribas

 

 

(100,000

)

 

(264,466

)

GlaxoSmithKline Plc, Strike Price 10.86
GBP, Expires 8/19/09, Broker JPMorgan
Chase Securities

 

 

(259,500

)

 

(267,830

)

GlaxoSmithKline Plc, Strike Price 11.70
GBP, Expires 9/02/09, Broker JPMorgan
Chase Securities

 

 

(109,000

)

 

(32,353

)

Goldcorp, Inc., Strike Price 43.02 CAD,
Expires 8/14/09, Broker Goldman Sachs
& Co.

 

 

(130,000

)

 

(28,867

)

Hays Plc, Strike Price 0.91 GBP, Expires
9/09/09, Broker Morgan Stanley & Co.,
Inc.

 

 

(1,043,000

)

 

(121,693

)

Hays Plc, Strike Price 0.91 GBP, Expires
9/16/09, Broker Morgan Stanley & Co.,
Inc.

 

 

(1,042,000

)

 

(128,292

)

Honda Motor Co. Ltd., Strike Price
2,793.47 JPY, Expires 9/01/09, Broker
Credit Suisse First Boston

 

 

(188,000

)

 

(567,215

)

Hong Kong Exchanges and Clearing Ltd.,
Strike Price 148.12 HKD, Expires
9/01/09, Broker Goldman Sachs & Co.

 

 

(184,000

)

 

(179,202

)

HSBC Holdings Plc, Strike Price 5.75 GBP,
Expires 8/26/09, Broker Morgan Stanley
& Co., Inc.

 

 

(888,788

)

 

(585,902

)

Husky Energy, Inc., Strike Price 32 CAD,
Expires 8/21/09, Broker Citigroup
Global Markets

 

 

(152,000

)

 

(79,056

)

Hutchison Whampoa Ltd., Strike Price
50.39 HKD, Expires 8/18/09, Broker
JPMorgan Chase Securities

 

 

(544,000

)

 

(534,789

)

Imperial Tobacco Group Plc, Strike Price
16.46 GBP, Expires 8/20/09, Broker
JPMorgan Chase Securities

 

 

(181,300

)

 

(216,011

)

Imperial Tobacco Group Plc, Strike Price
16.60 GBP, Expires 8/06/09, Broker
Citigroup Global Markets

 

 

(70,000

)

 

(60,062

)

Industrial & Commercial Bank of China,
Strike Price 5.26 HKD, Expires 8/18/09,
Broker Credit Suisse First Boston

 

 

(2,886,000

)

 

(136,305

)

Industrial & Commercial Bank of China,
Strike Price 5.40 HKD, Expires 8/10/09,
Broker Credit Suisse First Boston

 

 

(4,752,000

)

 

(145,165

)

INPEX Corp., Strike Price 753,002.10 JPY,
Expires 9/15/09, Broker Deutsche Bank
Securities

 

 

(300

)

 

(100,535

)

INPEX Corp., Strike Price 867,309.46 JPY,
Expires 8/10/09, Broker Goldman Sachs
& Co.

 

 

(223

)

 

(378

)

Intercontinental Hotels Group Plc, Strike
Price 6.19 GBP, Expires 8/19/09,
Broker JPMorgan Chase Securities

 

 

(151,600

)

 

(157,920

)

Intercontinental Hotels Group Plc, Strike
Price 6.43 GBP, Expires 8/06/09,
Broker Credit Suisse First Boston

 

 

(128,400

)

 

(79,321

)

International Power Plc, Strike Price 2.39
GBP, Expires 8/19/09, Broker BNP
Paribas

 

 

(618,500

)

 

(181,811

)

International Power Plc, Strike Price 2.53
GBP, Expires 9/02/09, Broker JPMorgan
Chase Securities

 

 

(600,000

)

 

(108,008

)


 

 

 

 

 

 

 

 

 

 

JULY 31, 2009

4


 

 

Schedule of Investments (continued)

BlackRock International Growth and Income Trust (BGY)

 

(Percentages shown are based on Net Assets)


 

 

 

 

 

 

 

 

Options Written

 

Contracts

 

Value

 

Over-the-Counter Call Options Written— (continued)

 

 

 

 

 

 

 

Intesa Sanpaolo SpA, Strike Price 1.80
EUR, Expires 8/06/09, Broker Morgan
Stanley & Co., Inc.

 

 

(209,000

)

$

(53,014

)

Intesa Sanpaolo SpA, Strike Price 1.91
EUR, Expires 8/26/09, Broker Morgan
Stanley & Co., Inc.

 

 

(209,000

)

 

(19,597

)

Itau Unibanco Holding SA - ADR, Strike
Price $16.25, Expires 8/21/09, Broker
Citigroup Global Markets

 

 

(426,000

)

 

(773,561

)

ITOCHU Corp., Strike Price 708.13 JPY,
Expires 9/01/09, Broker UBS Securities
LLC

 

 

(575,000

)

 

(222,740

)

Japan Tobacco, Inc., Strike Price
263,784.10 JPY, Expires 9/15/09,
Broker JPMorgan Chase Securities

 

 

(1,400

)

 

(328,494

)

Konica Minolta Holdings, Inc., Strike Price
1,001.47 JPY, Expires 9/01/09, Broker
UBS Securities LLC

 

 

(537,000

)

 

(456,784

)

Linde AG, Strike Price 58.71 EUR, Expires
8/19/09, Broker BNP Paribas

 

 

(108,000

)

 

(1,170,423

)

MAN SE, Strike Price 44.52 EUR, Expires
8/19/09, Broker UBS Securities LLC

 

 

(27,500

)

 

(170,941

)

MAN SE, Strike Price 51.17 EUR, Expires
8/18/09, Broker Credit Suisse First
Boston

 

 

(28,400

)

 

(27,029

)

Marubeni Corp., Strike Price 440.13 JPY,
Expires 9/01/09, Broker UBS Securities
LLC

 

 

(923,000

)

 

(228,504

)

Matsui Securities Co. Ltd., Strike Price
912.02 JPY, Expires 9/15/09, Broker
Deutsche Bank Securities

 

 

(371,000

)

 

(170,799

)

Mitsubishi Estate Co. Ltd., Strike Price
1,726.92 JPY, Expires 8/10/09, Broker
Goldman Sachs & Co.

 

 

(58,000

)

 

(4,665

)

Mitsubishi UFJ Financial Group, Inc., Strike
Price 550.80 JPY, Expires 8/18/09,
Broker Deutsche Bank Securities

 

 

(518,000

)

 

(220,229

)

Mitsui Fudosan Co. Ltd., Strike Price
1,832.60 JPY, Expires 8/10/09, Broker
JPMorgan Chase Securities

 

 

(75,000

)

 

(16,158

)

Mizuho Financial Group, Inc., Strike Price
198.47 JPY, Expires 8/18/09, Broker
Deutsche Bank Securities

 

 

(506,200

)

 

(114,067

)

Nestle SA, Strike Price 44.40 CHF, Expires
8/26/09, Broker Credit Suisse First
Boston

 

 

(235,000

)

 

(153,227

)

New World Development Ltd., Strike Price
14.25 HKD, Expires 8/18/09, Broker
JPMorgan Chase Securities

 

 

(839,000

)

 

(455,460

)

Next Plc, Strike Price 16.74 GBP, Expires
8/26/09, Broker Citigroup Global
Markets

 

 

(142,000

)

 

(172,541

)

Nintendo Co. Ltd., Strike Price 26,986.45
JPY, Expires 9/01/09, Broker Credit
Suisse First Boston

 

 

(15,000

)

 

(46,501

)

Nokia Oyj, Strike Price 9.23 EUR, Expires
8/26/09, Broker UBS Securities LLC

 

 

(171,000

)

 

(155,405

)

Nordea Bank AB, Strike Price 60.72 SEK,
Expires 8/19/09, Broker BNP Paribas

 

 

(147,000

)

 

(185,198

)

Nordea Bank AB, Strike Price 68.67 SEK,
Expires 9/02/09, Broker Morgan
Stanley & Co., Inc.

 

 

(255,400

)

 

(120,131

)

Novartis AG, Strike Price 48.29 CHF,
Expires 8/26/09, Broker UBS Securities
LLC

 

 

(143,400

)

 

(159,048

)

Novartis AG, Strike Price 48.61 CHF,
Expires 9/09/09, Broker UBS Securities
LLC

 

 

(89,600

)

 

(95,005

)

 

 

 

 

 

 

 

 

Options Written

 

Contracts

 

Value

 

Over-the-Counter Call Options Written— (continued)

 

 

 

 

 

 

 

NSK Ltd., Strike Price 551.95 JPY, Expires
9/15/09, Broker JPMorgan Chase
Securities

 

 

(810,000

)

$

(200,477

)

OMV AG, Strike Price 28.06 EUR, Expires
8/26/09, Broker UBS Securities LLC

 

 

(118,000

)

 

(248,380

)

OPAP SA, Strike Price 17.53 EUR, Expires
9/09/09, Broker Credit Suisse First
Boston

 

 

(96,000

)

 

(66,159

)

Orkla ASA, Strike Price 47.93 NOK, Expires
8/06/09, Broker UBS Securities LLC

 

 

(47,000

)

 

(10,805

)

Orkla ASA, Strike Price 49.73 NOK, Expires
8/26/09, Broker Goldman Sachs & Co.

 

 

(43,000

)

 

(10,700

)

Persimmon Plc, Strike Price 4.10 GBP,
Expires 8/19/09, Broker UBS Securities
LLC

 

 

(148,500

)

 

(111,532

)

Persimmon Plc, Strike Price 4.26 GBP,
Expires 9/16/09, Broker Goldman
Sachs & Co.

 

 

(148,500

)

 

(101,765

)

Philippine Long Distance Telephone Co. -
ADR, Strike Price $51.16, Expires
9/11/09, Broker UBS Securities LLC

 

 

(61,000

)

 

(108,390

)

PICC Property & Casualty Co. Ltd., Strike
Price 6.53 HKD, Expires 9/15/09,
Broker JPMorgan Chase Securities

 

 

(3,576,000

)

 

(134,631

)

Potash Corp. of Saskatchewan, Inc., Strike
Price $104.40, Expires 8/20/09, Broker
UBS Securities LLC

 

 

(39,500

)

 

(30,961

)

Prudential Plc, Strike Price 4.20 GBP,
Expires 9/02/09, Broker UBS Securities
LLC

 

 

(378,200

)

 

(244,485

)

Royal Dutch Shell Plc, Strike Price 14.91
GBP, Expires 8/20/09, Broker JPMorgan
Chase Securities

 

 

(45,400

)

 

(47,482

)

Royal Dutch Shell Plc, Strike Price 15.88
GBP, Expires 8/05/09, Broker UBS
Securities LLC

 

 

(336,600

)

 

(31,388

)

RWE AG, Strike Price 54.19 EUR, Expires
8/12/09, Broker Credit Suisse First
Boston

 

 

(14,600

)

 

(106,248

)

RWE AG, Strike Price 59.77 EUR, Expires
8/11/09, Broker UBS Securities LLC

 

 

(35,000

)

 

(34,109

)

Saipem SpA, Strike Price 18.10 EUR,
Expires 8/20/09, Broker Morgan
Stanley & Co., Inc.

 

 

(70,000

)

 

(112,600

)

Salzgitter AG, Strike Price 63 EUR, Expires
8/19/09, Broker Credit Suisse First
Boston

 

 

(20,000

)

 

(245,700

)

Salzgitter AG, Strike Price 71.91 EUR,
Expires 9/09/09, Broker Credit Suisse
First Boston

 

 

(17,200

)

 

(84,794

)

Samsung Electronics Co. Ltd., Strike Price
591,508.05 KRW, Expires 8/11/09,
Broker Goldman Sachs & Co.

 

 

(16,400

)

 

(1,777,833

)

Samsung Electronics Co. Ltd., Strike Price
708,482.73 KRW, Expires 9/01/09,
Broker JPMorgan Chase Securities

 

 

(3,000

)

 

(81,594

)

Samsung Securities Co. Ltd., Strike Price
77,409.31 KRW, Expires 9/01/09,
Broker JPMorgan Chase Securities

 

 

(54,000

)

 

(140,400

)

Santos Ltd., Strike Price 15.26 AUD,
Expires 9/15/09, Broker JPMorgan
Chase Securities

 

 

(610,900

)

 

(252,057

)

Seadrill Ltd., Strike Price 90.50 NOK,
Expires 8/19/09, Broker BNP Paribas

 

 

(270,000

)

 

(438,835

)

SES SA, Strike Price 13.41 EUR, Expires
8/18/09, Broker Goldman Sachs & Co.

 

 

(65,000

)

 

(48,727

)

SES SA, Strike Price 13.44 EUR, Expires
8/18/09, Broker BNP Paribas

 

 

(150,000

)

 

(106,255

)


 

 

 

 

 

 

 

 

5

 

JULY 31, 2009

 


 

 

Schedule of Investments (continued)

BlackRock International Growth and Income Trust (BGY)

 

(Percentages shown are based on Net Assets)


 

 

 

 

 

 

 

 

Options Written

 

Contracts

 

Value

 

Over-the-Counter Call Options Written— (continued)

 

 

 

 

 

 

 

SES SA, Strike Price 13.87 EUR, Expires
9/16/09, Broker Morgan Stanley &
Co., Inc.

 

 

(200,000

)

$

(144,396

)

SES SA, Strike Price 13.97 EUR, Expires
8/06/09, Broker Morgan Stanley &
Co., Inc.

 

 

(200,000

)

 

(25,897

)

Siliconware Precision Industries Co. - ADR,
Strike Price $7.56, Expires
8/14/09, Broker Goldman Sachs & Co.

 

 

(213,000

)

 

(12,886

)

Siliconware Precision Industries Co. - ADR,
Strike Price $7.69, Expires
9/25/09, Broker Morgan Stanley &
Co., Inc.

 

 

(160,000

)

 

(39,589

)

Singapore Technologies Engineering
Ltd., Strike Price 2.62 SGD, Expires
9/01/09, Broker Credit Suisse First
Boston

 

 

(2,687,000

)

 

(158,027

)

Singapore Telecommunications Ltd.,
Strike Price 3.51 SGD, Expires
9/01/09, Broker Credit Suisse First
Boston

 

 

(5,243,000

)

 

(537,537

)

Skanska AB, Strike Price 101.04 SEK,
Expires 9/09/09, Broker Morgan
Stanley & Co., Inc.

 

 

(323,600

)

 

(205,178

)

Smiths Group Plc, Strike Price 7.12
GBP, Expires 8/19/09, Broker
JPMorgan Chase Securities

 

 

(177,200

)

 

(74,756

)

Smiths Group Plc, Strike Price 7.41
GBP, Expires 8/19/09, Broker Morgan
Stanley & Co., Inc.

 

 

(177,200

)

 

(37,196

)

Sonova Holding AG, Strike Price 90.56
CHF, Expires 8/19/09, Broker BNP
Paribas

 

 

(27,400

)

 

(111,865

)

Standard Chartered Plc, Strike Price
12.06 GBP, Expires 8/19/09, Broker
Morgan Stanley & Co., Inc.

 

 

(145,000

)

 

(523,065

)

Standard Chartered Plc, Strike Price
12.96 GBP, Expires 8/26/09, Broker
Morgan Stanley & Co., Inc.

 

 

(95,400

)

 

(225,175

)

Standard Life Plc, Strike Price 1.96
GBP, Expires 9/16/09, Broker
Goldman Sachs & Co.

 

 

(579,800

)

 

(111,697

)

StatoilHydro ASA, Strike Price 127.69
NOK, Expires 8/19/09, Broker BNP
Paribas

 

 

(75,000

)

 

(75,582

)

StatoilHydro ASA, Strike Price 135.20
NOK, Expires 9/02/09, Broker
Morgan Stanley & Co., Inc.

 

 

(92,200

)

 

(60,994

)

Sumitomo Corp., First Section, Strike
Price 977.64 JPY, Expires 9/01/09,
Broker Deutsche Bank Securities

 

 

(656,000

)

 

(159,249

)

Sumitomo Mitsui Financial Group, Inc.,
Strike Price 4,128.38 JPY, Expires
9/01/09, Broker Credit Suisse First
Boston

 

 

(44,000

)

 

(93,119

)

Sun Hung Kai Properties Ltd., Strike
Price 114.41 HKD, Expires 9/01/09,
Broker Goldman Sachs & Co.

 

 

(148,000

)

 

(150,467

)

Syngenta AG, Strike Price 260 CHF,
Expires 8/21/09, Broker Morgan
Stanley & Co., Inc.

 

 

(2,600

)

 

(47,017

)

Syngenta AG, Strike Price 267.29 CHF,
Expires 8/19/09, Broker Citigroup
Global Markets

 

 

(21,000

)

 

(13,828

)

T&D Holdings, Inc., Strike Price
2,846.24 JPY, Expires 9/01/09, Broker
Credit Suisse First Boston

 

 

(23,000

)

 

(40,409

)

Taiwan Semiconductor Manufacturing Co.
Ltd. - ADR, Strike Price $10.20, Expires
8/28/09, Broker Morgan Stanley & Co., Inc.

 

 

(260,000

)

 

(192,668

)

Taiwan Semiconductor Manufacturing Co.
Ltd. - ADR, Strike Price $10.34, Expires
8/21/09, Broker Morgan Stanley & Co., Inc.

 

 

(59,000

)

 

(29,790

)

 

 

 

 

 

 

 

 

Options Written

 

Contracts

 

Value

 

Over-the-Counter Call Options Written— (continued)

 

 

 

 

 

 

 

TeliaSonera AB, Strike Price 44.04 SEK,
Expires 9/02/09, Broker JPMorgan
Chase Securities

 

 

(558,300

)

$

(194,831

)

Tesco Plc, Strike Price 3.76 GBP,
Expires 8/26/09, Broker Credit Suisse
First Boston

 

 

(600,000

)

 

(37,524

)

ThyssenKrupp AG, Strike Price 20.22
EUR, Expires 9/02/09, Broker
JPMorgan Chase Securities

 

 

(212,000

)

 

(562,355

)

Total SA, Strike Price 39.67 EUR, Expires
8/05/09, Broker Citigroup Global
Markets

 

 

(49,000

)

 

(14,747

)

Total SA, Strike Price 40 EUR, Expires
8/18/09, Broker Credit Suisse First
Boston

 

 

(34,000

)

 

(20,110

)

Toyo Suisan Kaisha Ltd., Strike Price
2,155.66 JPY, Expires 8/18/09, Broker
Deutsche Bank Securities

 

 

(92,000

)

 

(200,901

)

Toyo Suisan Kaisha Ltd., Strike Price
2,186.06 JPY, Expires 9/01/09, Broker
Deutsche Bank Securities

 

 

(92,000

)

 

(186,072

)

Toyota Motor Corp., Strike Price
3,835.85 JPY, Expires 9/15/09, Broker
JPMorgan Chase Securities

 

 

(102,000

)

 

(278,550

)

TrygVesta AS, Strike Price 347.27 DKK,
Expires 9/09/09, Broker Morgan
Stanley & Co., Inc.

 

 

(32,400

)

 

(87,085

)

Unibail-Rodamco SE - REIT, Strike Price
116.37 EUR, Expires 8/26/09, Broker
Credit Suisse First Boston

 

 

(17,800

)

 

(186,616

)

UniCredit SpA, Strike Price 1.99 EUR,
Expires 8/26/09, Broker Goldman
Sachs & Co.

 

 

(1,283,658

)

 

(190,590

)

Unilever Plc, Strike Price 15.09 GBP,
Expires 8/20/09, Broker UBS
Securities LLC

 

 

(27,000

)

 

(35,362

)

Unilever Plc, Strike Price 15.33 GBP,
Expires 8/06/09, Broker Citigroup
Global Markets

 

 

(288,000

)

 

(234,547

)

United Business Media Ltd., Strike
Price 3.79 GBP, Expires 8/19/09,
Broker BNP Paribas

 

 

(240,500

)

 

(186,056

)

United Business Media Ltd., Strike
Price 3.92 GBP, Expires 8/19/09,
Broker BNP Paribas

 

 

(240,500

)

 

(138,902

)

United Overseas Bank Ltd., Strike Price
15.12 SGD, Expires 8/18/09, Broker
Deutsche Bank Securities

 

 

(277,000

)

 

(489,708

)

Vivendi, Strike Price 18 EUR, Expires
8/20/09, Broker Morgan Stanley &
Co., Inc.

 

 

(124,800

)

 

(74,073

)

Vodafone Group Plc - ADR, Strike
Price $20.38, Expires 8/28/09, Broker
Citigroup Global Markets

 

 

(30,000

)

 

(18,519

)

Vodafone Group Plc, Strike Price 1.21
GBP, Expires 8/06/09, Broker
Citigroup Global Markets

 

 

(1,215,800

)

 

(51,241

)

Wartsila Oyj, Strike Price 24.73 EUR,
Expires 8/06/09, Broker BNP Paribas

 

 

(90,900

)

 

(121,969

)

Woodside Petroleum Ltd., Strike Price
45.40 AUD, Expires 9/01/09, Broker
Morgan Stanley & Co., Inc.

 

 

(127,000

)

 

(189,920

)

WorleyParsons Ltd., Strike Price 26.22
AUD, Expires 9/01/09, Broker JPMorgan
Chase Securities

 

 

(87,000

)

 

(82,993

)

Yara International ASA, Strike Price
188.53 NOK, Expires 8/19/09, Broker
JPMorgan Chase Securities

 

 

(161,500

)

 

(302,508

)


 

 

 

 

 

 

 

 

 

 

JULY 31, 2009

6


 

 

Schedule of Investments (continued)

BlackRock International Growth and Income Trust (BGY)

 

(Percentages shown are based on Net Assets)

 

 

 

 

 

 

 

 

Options Written

 

Contracts

 

Value

 

Over-the-Counter Call Options Written— (concluded)

 

 

 

 

 

 

 

Zurich Financial Services AG, Strike Price
185.89 CHF, Expires 8/19/09, Broker
Credit Suisse First Boston

 

 

(8,100

)

$

(182,184

)

Zurich Financial Services AG, Strike Price
204.36 CHF, Expires 8/19/09, Broker
Citigroup Global Markets

 

 

(800

)

 

(6,471

)

 

 

 

 

 

 

Total Over-the-Counter Call Options Written

 

 

 

 

 

(31,224,839

)

 

Over-the-Counter Put Options Written—(0.0)%

 

 

 

 

 

 

 

BP Plc - ADR, Strike Price $45.18, Expires
8/10/09, Broker BNP Paribas

 

 

(115,000

)

 

(1,369

)

BP Plc - ADR, Strike Price $47.39, Expires
9/04/09, Broker UBS Securities LLC

 

 

(65,000

)

 

(53,262

)

GlaxoSmithKline Plc, Strike Price 10.89
GBP, Expires 8/18/09, Broker Morgan
Stanley & Co., Inc.

 

 

(235,300

)

 

(19,085

)

Roche Holding AG, Strike Price 144.49
CHF, Expires 8/11/09, Broker Morgan
Stanley & Co., Inc.

 

 

(39,700

)

 

(39

)

Total SA, Strike Price 36.28 EUR, Expires
8/18/09, Broker Goldman Sachs & Co.

 

 

(104,200

)

 

(27,201

)

Vestas Wind Systems A/S, Strike Price
363.58 DKK, Expires 8/11/09, Broker
Citigroup Global Markets

 

 

(77,500

)

 

(139,485

)

WorleyParsons Ltd., Strike Price 24.69
AUD, Expires 9/01/09, Broker JPMorgan
Chase Securities

 

 

(155,000

)

 

(116,763

)

 

Total Over-the-Counter Put Options Written

 

 

 

 

 

(357,204

)

 

Total Options Written
(Premiums Received $20,228,470)—(3.0)%

 

 

 

 

 

(35,203,399

)

 

Total Investments Net of Outstanding Options Written—93.5%

 

 

 

 

 

1,093,131,398

 

Other Assets in Excess of Liabilities—6.5%

 

 

 

 

 

76,458,091

 

 

 

 

 

 

 

Net Assets—100.0%

 

 

 

 

$

1,169,589,489

 

 

 

 

 

 

 

 

 

*

The cost and unrealized appreciation (depreciation) of investments as of July 31, 2009, as computed for federal income tax purposes, were as follows:

 

 

 

 

 

Aggregate cost

 

$

1,341,064,363

 

 

 

 

Gross unrealized appreciation

 

$

44,593,272

 

Gross unrealized depreciation

 

 

(257,322,838

)

 

 

 

Net unrealized depreciation

 

$

(212,729,566

)

 

 

 

 

 

(a)

Security, or a portion thereof, pledged as collateral for outstanding options written.

 

(b)

Non-income producing security.

 

(c)

Represents current yield as of report date.

 

(d)

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


 

 

 

 

 

 

 

 

Affiliate

 

Net Activity

 

Income

 

BlackRock Liquidity Funds, TempFund

 

 

99,191,272

 

$

381,230

 

BlackRock Liquidity Series, LLC Money Market Series

 

 

—

 

$

3,261

 

 

 

•

Foreign currency exchange contracts as of July 31, 2009 were as follows:


 

 

 

 

 

 

 

 

 

 

 

 

 

Currency
Purchased

 

Currency
Sold

 

Counterparty

 

Settlement
Date

 

Unrealized
Appreciation
(Depreciation)

 

CHF

4,228,000

 

USD

3,955,838

 

Citigroup Global Markets

 

8/04/09

 

$

699

 

EUR

2,830,000

 

USD

3,983,516

 

Citigroup Global Markets

 

8/04/09

 

 

50,102

 

EUR

29,000

 

USD

41,331

 

Citigroup Global Markets

 

8/04/09

 

 

3

 

GBP

99,000

 

USD

165,557

 

Citigroup Global Markets

 

8/05/09

 

 

(184

)

SEK

28,731,000

 

USD

3,979,363

 

Citigroup Global Markets

 

8/04/09

 

 

2,283

 

USD

8,403,212

 

EUR

5,976,000

 

Citigroup Global Markets

 

8/03/09

 

 

(114,401

)

USD

3,898,118

 

CHF

4,247,000

 

Citigroup Global Markets

 

8/03/09

 

 

(76,162

)

USD

67,239

 

NOK

419,000

 

Citigroup Global Markets

 

8/03/09

 

 

(1,114

)

USD

4,021,257

 

SEK

29,927,000

 

Citigroup Global Markets

 

8/03/09

 

 

(126,115

)

USD

696,579

 

SGD

1,006,000

 

Citigroup Global Markets

 

8/03/09

 

 

(2,430

)

USD

7,422,260

 

HKD

57,524,000

 

Citigroup Global Markets

 

8/04/09

 

 

(444

)

USD

4,462,614

 

EUR

3,131,000

 

Citigroup Global Markets

 

8/05/09

 

 

(32

)

Total

 

 

 

 

 

 

 

$

(267,795

)

 

 

 

 

 

 

 

 

 

 

 

 

•

Effective November 1, 2008, the Trust adopted Financial Accounting Standards Board Statement of Financial Accounting Standards No. 157, “Fair Value Measurements” (“FAS 157”). FAS 157 clarifies the definition of fair value, establishes a framework for measuring fair values and requires additional disclosures about the use of fair value measurements. Various inputs are used in determining the fair value of investments, which are as follows:

 

 

 

•

Level 1 — price quotations in active markets/exchanges for identical securities

 

 

 

 

•

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)

 

 

 

 

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For information about the Trust’s policy regarding valuation of investments and other significant accounting policies, please refer to the Trust’s most recent financial statements as contained in its semi-annual report.


 

 

 

 

 

 

 

 

7

 

JULY 31, 2009

 


 

 

Schedule of Investments (continued)

BlackRock International Growth and Income Trust (BGY)

 

(Percentages shown are based on Net Assets)

The following tables summarize the inputs used as of July 31, 2009 in determining the fair valuation of the Trust’s investments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Valuation Inputs

 

 

 

Level 1

 

Level 2

 

Level 3

 

Total

 

Investments in Securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

Common Stocks:

 

 

 

 

 

 

 

 

 

 

 

 

 

Australia

 

$

7,271,880

 

$

18,718,980

 

 

—

 

$

25,990,860

 

Austria

 

 

—

 

 

4,682,237

 

 

—

 

 

4,682,237

 

Belgium

 

 

—

 

 

16,585,472

 

 

—

 

 

16,585,472

 

Bermuda

 

 

—

 

 

4,350,798

 

 

—

 

 

4,350,798

 

Brazil

 

 

27,971,882

 

 

—

 

 

—

 

 

27,971,882

 

Canada

 

 

92,469,008

 

 

—

 

 

—

 

 

92,469,008

 

Chile

 

 

7,125,861

 

 

—

 

 

—

 

 

7,125,861

 

China

 

 

—

 

 

27,019,363

 

 

—

 

 

27,019,363

 

Denmark

 

 

—

 

 

3,643,484

 

 

—

 

 

3,643,484

 

Finland

 

 

—

 

 

13,262,010

 

 

—

 

 

13,262,010

 

France

 

 

—

 

 

70,384,251

 

 

—

 

 

70,384,251

 

Germany

 

 

—

 

 

69,639,633

 

 

—

 

 

69,639,633

 

Greece

 

 

—

 

 

7,668,497

 

 

—

 

 

7,668,497

 

Hong Kong

 

 

1,599,960

 

 

40,592,630

 

 

—

 

 

42,192,590

 

Indonesia

 

 

5,290,936

 

 

4,271,553

 

 

—

 

 

9,562,489

 

Israel

 

 

10,855,284

 

 

—

 

 

—

 

 

10,855,284

 

Italy

 

 

—

 

 

14,481,248

 

 

—

 

 

14,481,248

 

Japan

 

 

—

 

 

131,672,249

 

 

—

 

 

131,672,249

 

Luxembourg

 

 

3,099,440

 

 

23,765,044

 

 

—

 

 

26,864,484

 

Malaysia

 

 

—

 

 

15,226,282

 

 

—

 

 

15,226,282

 

Netherlands

 

 

4,049,757

 

 

1,051,789

 

 

—

 

 

5,101,546

 

Norway

 

 

—

 

 

15,501,061

 

 

—

 

 

15,501,061

 

Philippines

 

 

5,377,607

 

 

—

 

 

—

 

 

5,377,607

 

Singapore

 

 

—

 

 

45,497,693

 

 

—

 

 

45,497,693

 

South Korea

 

 

—

 

 

20,838,682

 

 

—

 

 

20,838,682

 

Spain

 

 

—

 

 

19,087,427

 

 

—

 

 

19,087,427

 

Sweden

 

 

—

 

 

20,024,844

 

 

—

 

 

20,024,844

 

Switzerland

 

 

3,355,880

 

 

44,490,835

 

 

—

 

 

47,846,715

 

Taiwan

 

 

14,152,161

 

 

15,906,475

 

 

—

 

 

30,058,636

 

Thailand

 

 

—

 

 

2,639,888

 

 

—

 

 

2,639,888

 

Turkey

 

 

6,310,422

 

 

—

 

 

—

 

 

6,310,422

 

United Kingdom

 

 

16,988,361

 

 

172,222,661

 

 

—

 

 

189,211,022

 

Short-Term
Securities

 

 

99,191,272

 

 

—

 

 

—

 

 

99,191,272

 

 

 

Total

 

$

305,109,711

 

$

823,225,086

 

 

—

 

$

1,128,334,797

 

 

 

 

 

 

 

 

 

Valuation
   Inputs

 

Other Financial
Instruments1

 

 

 

Assets

 

Liabilities

 

 

 

 

 

Level 1

 

 

—

 

$

(3,621,356

)

Level 2

 

$

53,087

 

 

(31,902,925

)

Level 3

 

 

—

 

 

—

 

Total

 

$

53,087

 

$

(35,524,281

)

 

 

 

 

 

1

Other financial instruments are options written and foreign currency exchange contracts. Options written are shown at market value and foreign currency contracts are valued at the unrealized appreciation/depreciation on the instrument.


 

 

 

 

 

KEY TO ABBREVIATIONS

 

ADR

— 

American Depositary Receipt

AUD

—

Australian Dollar

CAD

—

Canadian Dollar

CHF

—

Swiss Franc

DKK

—

Danish Krone

EUR

—

Euro

GBP

—

British Pound

HKD

—

Hong Kong Dollar

JPY

—

Japanese Yen

KRW

—

South Korean Won

MXN

—

Mexican Peso

NOK

—

Norwegian Krone

REIT

—

Real Estate Investment Trust

SEK

—

Swedish Krona

SGD

—

Singapore Dollar

USD

—

US Dollar


 

 

 

 

 

 

 

 

 

 

JULY 31, 2009

8


 

 

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 13(a)-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 International Growth and Income Trust

 

 

 

 

 

 

By:

 /s/ Anne F. Ackerley

 

 

 

 

Anne F. Ackerley

 

 

 

Chief Executive Officer of

 

 

 

BlackRock International Growth and Income Trust

 

 

 

 

 

 

Date: September 22, 2009

 

 

 

 

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/ Anne F. Ackerley

 

 

 

 

Anne F. Ackerley

 

 

 

Chief Executive Officer (principal executive officer) of

 

 

 

BlackRock International Growth and Income Trust

 

 

 

 

 

 

Date: September 22, 2009

 

 

 

 

 

 

By:

 /s/ Neal J. Andrews

 

 

 

 

Neal J. Andrews

 

 

 

Chief Financial Officer (principal financial officer) of

 

 

 

BlackRock International Growth and Income Trust

 

 

 

 

 

 

Date: September 22, 2009