BlackRock Enhanced International Dividend Trust

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 Enhanced International Dividend Trust (Formerly BlackRock International Growth &

            Income Trust) (BGY)

Fund Address: 100 Bellevue Parkway, Wilmington, DE 19809

Name and address of agent for service: John M. Perlowski, Chief Executive Officer, BlackRock Enhanced

            International Dividend Trust (Formerly BlackRock International Growth & Income 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: 12/31/2017

Date of reporting period: 09/30/2017

Item 1 – Schedule of Investments

Schedule of Investments   

BlackRock Enhanced International Dividend Trust (BGY)

 

Common Stocks          

Shares

     Value  
Australia — 3.4%  

Amcor Ltd. (a)

        481,688     $ 5,761,160  

Ansell Ltd. (a)

        523,055       9,165,897  

Sonic Healthcare Ltd. (a)

        651,997       10,714,147  
      

 

 

  
        25,641,204  
Belgium — 2.6%  

Anheuser-Busch InBev SA (a)

        82,185       9,824,166  

bpost SA (a)

        332,702       9,894,859  
      

 

 

  
        19,719,025  
Canada — 6.6%  

Canadian Pacific Railway Ltd. (a)

        8,600       1,444,510  

Rogers Communications, Inc., Class B (a)

        483,951       24,954,845  

TELUS Corp. (a)

        669,939       24,096,864  
      

 

 

  
        50,496,219  
China — 4.6%  

Alibaba Group Holding Ltd. — ADR (a)(b)

        77,678       13,415,768  

ANTA Sports Products Ltd. (a)

        2,169,600       9,123,785  

Tencent Holdings Ltd. (a)

        290,400       12,696,484  
      

 

 

  
        35,236,037  
Denmark — 1.3%  

Novo Nordisk A/S, Class B (a)

              205,966       9,902,584  
Finland — 2.3%  

Kone OYJ, Class B (a)

              324,120       17,181,370  
France — 6.1%  

AXA SA (a)

        10,400       314,414  

BNP Paribas SA (a)

        79,064       6,378,547  

Dassault Aviation SA (a)

        5,063       8,192,478  

Sanofi (a)

        285,718       28,442,264  

Societe Generale SA (a)

        54,570       3,197,879  
      

 

 

  
        46,525,582  
Germany — 5.3%  

Continental AG (a)

        1,400       355,557  

Deutsche Post AG, Registered Shares (a)

        554,991       24,738,325  

Innogy SE (a)(c)

        22,900       1,020,177  

KION Group AG (a)

        30,360       2,908,343  

SAP SE (a)

        96,900       10,624,622  

Wacker Chemie AG (a)

        4,100       588,696  
      

 

 

  
        40,235,720  
Hong Kong — 2.4%  

AIA Group Ltd. (a)

        998,400       7,391,453  

Melco Resorts & Entertainment Ltd. — ADR (a)

        19,163       462,212  

Sands China Ltd. (a)

        2,052,000       10,732,164  
      

 

 

  
        18,585,829  
Common Stocks          

Shares

     Value  
India — 1.5%  

Federal Bank, Ltd. (a)

        1,063,500     $ 1,839,468  

HDFC Bank Ltd. (a)

        338,302       9,378,766  
      

 

 

  
        11,218,234  
Ireland — 0.9%  

Ryanair Holdings PLC, ADR (a)(b)

              64,436       6,792,843  
Italy — 0.3%  

Azimut Holding SpA (a)

        23,400       506,990  

Buzzi Unicem SpA (a)

        68,931       1,862,743  
      

 

 

  
        2,369,733  
Japan — 5.0%  

FANUC Corp. (a)

        22,900       4,643,056  

Japan Tobacco, Inc. (a)

        616,200       20,193,453  

Nintendo Co. Ltd. (a)

        21,300       7,854,020  

SMC Corp. (a)

        12,800       4,523,022  

Sumitomo Mitsui Financial Group, Inc. (a)

        22,900       880,257  
      

 

 

  
        38,093,808  
Netherlands — 5.7%  

Aalberts Industries NV (a)(d)

        114,252       5,522,702  

ASML Holding NV (a)

        64,680       11,052,362  

CNH Industrial NV (a)

        55,267       663,499  

Heineken NV (a)

        103,785       10,269,782  

Koninklijke Philips NV (a)

        186,400       7,690,856  

Royal Dutch Shell PLC, Class B (a)

        261,584       8,053,151  
      

 

 

  
        43,252,352  
Norway — 0.1%  

Statoil ASA (a)

              17,000       341,776  
Portugal — 1.1%  

Galp Energia SGPS SA (a)

              486,604       8,629,017  
South Africa — 1.5%  

Naspers Ltd., Class N (a)

        53,619       11,590,960  

Novus Holdings, Ltd.

        18,546       8,888  
      

 

 

  
        11,599,848  
South Korea — 2.1%  

LG Chem Ltd. (a)

        7,645       2,626,455  

Samsung Electronics Co. Ltd. (a)

        6,000       13,501,332  
      

 

 

  
        16,127,787  
Sweden — 2.9%  

Hexagon AB, Class B (a)

        188,266       9,339,505  

Svenska Handelsbanken AB, Class A (a)

        846,390       12,787,514  
      

 

 

  
        22,127,019  
Switzerland — 12.3%  

Givaudan SA, Registered Shares (a)

        6,583       14,331,104  
 

 

                
   BLACKROCK ENHANCED INTERNATIONAL DIVIDEND TRUST    SEPTEMBER 30, 2017    1

Schedule of Investments (continued)

   

BlackRock Enhanced International Dividend Trust (BGY)

 

 

Common Stocks          

Shares

     Value  
Switzerland (continued)  

Nestle SA, Registered Shares (a)

        267,054     $ 22,416,844  

Novartis AG, Registered Shares (a)

        345,282       29,616,542  

Roche Holding AG (a)

        61,138       15,628,104  

SGS SA, Registered Shares (a)

        4,584       11,007,443  

UBS Group AG, Registered Shares (a)(b)

        37,100       634,669  
      

 

 

  
        93,634,706  
Taiwan — 3.0%  

Far EasTone Telecommunications Co. Ltd. (a)

        2,971,000       7,068,483  

Taiwan Semiconductor Manufacturing Co. Ltd. (a)

        2,184,000       15,642,804  
      

 

 

  
        22,711,287  
United Kingdom — 19.9%  

AstraZeneca PLC (a)

        321,544       21,383,130  

BAE Systems PLC (a)

        563,600       4,772,986  

British American Tobacco PLC (a)

        555,395       34,769,785  

Diageo PLC (a)

        392,968       12,922,950  

GlaxoSmithKline PLC (a)

        788,359       15,759,777  

Imperial Brands PLC (a)

        734,900       31,366,097  

Lloyds Banking Group PLC (a)

        8,673,254       7,881,878  

Metro Bank PLC (a)(b)

        53,870       2,440,994  

Rio Tinto PLC (a)

        58,502       2,723,216  

Unilever PLC (a)

        303,385       17,559,717  
      

 

 

  
        151,580,530  
United States — 4.3%  

3M Co. (a)(d)

        79,801       16,750,230  

Microsoft Corp. (a)(d)

        211,571       15,759,924  

Pfizer, Inc. (a)(d)

        16,200       578,340  
      

 

 

  
        33,088,494  

Total Common Stocks — 95.2%

 

     725,091,004  
      
                          

Investment Companies — 2.9%

 

United States — 2.9%  

WisdomTree Japan Hedged Equity Fund (a)(d)

              408,110       22,323,617  
Preferred Stocks          

Shares

     Value  
China — 0.5%  

Xiaoju Kuaizhi, Inc., Series A-17 (Acquired 7/28/15,
cost $2,106,332), 0.00% (b)(e)(f)

              76,800     $ 3,911,424  
India — 0.2%  

Jasper Infotech Private Ltd., Series F, (Acquired 5/7/14, cost $2,825,580), 0.00% (b)(e)(f)

        398       1,115,040  

Jasper Infotech Private Ltd., Series G, (Acquired 10/29/14, cost $1,112,870), 0.00% (b)(e)(f)

        132       452,065  
      

 

 

  
        1,567,105  

Total Preferred Stocks — 0.7%

 

     5,478,529  

Total Long-Term Investments

(Cost — $640,369,325) — 98.8%

 

 

     752,893,150  
      
                          
      

Short-Term Securities

 

BlackRock Liquidity Funds, T-Fund,
Institutional Class, 0.91% (g)(h)

              12,756,559       12,756,559  

Total Short-Term Securities

(Cost — $12,756,559) — 1.7%

 

 

     12,756,559  

Total Short-Term Securities — 1.7%

 

     12,756,559  

Total Investments Before Options Written

(Cost — $653,125,884) — 100.5%

 

 

     765,649,709  

Options Written

(Premiums Received — $5,804,815) — (1.0)%

 

 

     (7,426,586 ) 

Total Investments, Net of Options Written

(Cost — $647,321,069) — 99.5%

 

 

     758,223,123  

Other Assets Less Liabilities — 0.5%

 

     3,720,973  
      

 

 

  

Net Assets — 100.0%

 

   $ 761,944,096  
      

 

 

  
 

 

Notes to Schedule of Investments

 

(a)   All or a portion of security has been pledged and/or segregated as collateral in connection with outstanding exchange-traded options written.

 

(b)   Non-income producing security.

 

(c)   Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors.

 

(d)   All or a portion of the security has been pledged as collateral in connection with outstanding OTC derivatives.

 

(e)   Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.

 

                
2    BLACKROCK ENHANCED INTERNATIONAL DIVIDEND TRUST    SEPTEMBER 30, 2017   

Schedule of Investments (continued)    BlackRock Enhanced International Dividend Trust (BGY)

 

(f)   Restricted security as to resale, excluding 144A securities. As of period end, the Trust held restricted securities with a current value of $5,478,529 and an original cost of $6,044,782, which was 0.7% of its net assets.

 

(g)   Annualized 7-day yield as of period end.

 

(h)   During the period ended September 30, 2017, investments in issuers considered to be affiliates of the Trust for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

 

Affiliate    Shares Held at
December 31,
2016		      Net
Activity		      Shares Held at
September 30,
2017		      Value at
September 30,
2017		      Income     

Net Realized

Gain

      Change in
Unrealized
Appreciation
(Depreciation)		  

BlackRock Liquidity Funds, T-Fund, Institutional Class

      22,641,400        (9,884,841 )       12,756,559      $ 12,756,559      $ 120,553        —        —  

SL Liquidity Series, LLC, Money Market Series

      —        —        —        —        501 1       —        —  

Total

             $ 12,756,559      $ 121,054        —        —  
  

 

 

  

1    Represents securities lending income earned from the reinvestment of cash collateral from loaned securities, net of fees and collateral investment expenses, and other payments to and from borrowers of securities.

     

 

Portfolio Abbreviations

 

ADR    American Depositary Receipts
AUD    Australian Dollar
CAD    Canadian Dollar
CHF    Swiss Franc
EUR    Euro
GBP    British Pound
HKD    Hong Kong Dollar
JPY    Japanese Yen
SEK    Swedish Krona
OTC    Over-the-Counter
USD    U.S. Dollar
 

 

Derivative Financial Instruments Outstanding as of Period End

 

Exchange-Traded Options Written  
Description   Number of
Contracts		        Expiration
Date		        Exercise
Price		       

Notional

Amount
(000)

     Value  

Call

                       

Pfizer, Inc.

     9          10/05/17          USD       33.55          USD       (32 )    $ (1,941 ) 

Pfizer, Inc.

     4          10/06/17          USD       34.00          USD       (14 )      (700 ) 

Pfizer, Inc.

     2          10/12/17          USD       33.75          USD       (7 )      (395 ) 

Microsoft Corp.

     125          10/13/17          USD       75.50          USD       (931 )      (4,500 ) 

WisdomTree Japan Hedged Equity Fund

     410          10/13/17          USD       52.00          USD       (2,243 )      (112,750 ) 

Alibaba Group Holding Ltd. — ADR

     185          10/20/17          USD       165.00          USD       (3,195 )      (175,288 ) 

Melco Resorts & Entertainment Ltd.

     84          10/20/17          USD       23.00          USD       (203 )      (11,970 ) 

Microsoft Corp.

     301          10/20/17          USD       72.50          USD       (2,242 )      (71,337 ) 

Pfizer, Inc.

     10          10/20/17          USD       34.00          USD       (36 )      (1,770 ) 

Ryanair Holdings PLC — ADR

     283          10/20/17          USD       110.00          USD       (2,983 )      (17,687 ) 

 

                
   BLACKROCK ENHANCED INTERNATIONAL DIVIDEND TRUST    SEPTEMBER 30, 2017    3

Schedule of Investments (continued)

   

BlackRock Enhanced International Dividend Trust (BGY)

 

 

Exchange-Traded Options Written (continued)  
Description   Number of
Contracts		        Expiration
Date		      Exercise
Price		       

Notional

Amount
(000)

     Value  

3M Co.

     79        10/27/17      USD         215.00        USD         (1,658 )    $ (13,311 ) 

3M Co.

     79        10/27/17      USD     217.50        USD     (1,658 )      (8,097 ) 

Alibaba Group Holding Ltd. — ADR

     51        10/27/17      USD     175.00        USD     (881 )      (22,057 ) 

Microsoft Corp.

     87        10/27/17      USD     74.00        USD     (648 )      (17,443 ) 

WisdomTree Japan Hedged Equity Fund

     300        10/27/17      USD     53.50        USD     (1,641 )      (49,200 ) 

3M Co.

     193        11/03/17      USD     212.50        USD     (4,051 )      (56,549 ) 

Microsoft Corp.

     162        11/03/17      USD     75.00        USD     (1,207 )      (26,082 ) 

Pfizer, Inc.

     11        11/03/17      USD     36.00        USD     (39 )      (539 ) 

WisdomTree Japan Hedged Equity Fund

     213        11/03/17      USD     54.50        USD     (1,165 )      (22,472 ) 

Alibaba Group Holding Ltd. — ADR

     52        11/10/17      USD     172.50        USD     (898 )      (40,300 ) 

Microsoft Corp.

     197        11/10/17      USD     74.50        USD     (1,467 )      (39,991 ) 

Pfizer, Inc.

     15        11/13/17      USD     35.40        USD     (54 )      (1,095 ) 

AT&T, Inc.

     973        11/17/17      CAD     45.00        CAD     (4,367 )      (49,518 ) 

Alibaba Group Holding Ltd. — ADR

     53        11/17/17      USD     170.00        USD     (915 )      (52,735 ) 

Canadian Pacific Railway Ltd.

     37        11/17/17      CAD     210.00        CAD     (775 )      (14,456 ) 

Microsoft Corp.

     58        11/17/17      USD     77.50        USD     (432 )      (4,872 ) 

Pfizer, Inc.

     15        11/17/17      USD     34.00        USD     (54 )      (2,880 ) 

WisdomTree Japan Hedged Equity Fund

     870        11/17/17      USD     55.00        USD     (4,759 )      (85,695 ) 

Pfizer, Inc.

     5        12/15/17      USD     36.00        USD     (18 )      (350 ) 

Total

 

   $ (905,980 ) 
                      

 

 

  

 

OTC Options Written  
Description   Counterparty    Number of
Contracts		      Expiration
Date		    Exercise
Price		      Notional
Amount
(000)		     Value  

Call

 

Ansell Ltd.

   Citibank N.A.      52,000      10/04/17    AUD     22.74      AUD     (1,162 )    $ (4,738 ) 

Sanofi SA

   Goldman Sachs International      18,000      10/04/17        81.85      EUR     1,516       (51,663 ) 

Sonic Healthcare Ltd.

   Goldman Sachs International      103,200      10/04/17    AUD     22.52      AUD     (2,162 )      —  

bpost SA

   Morgan Stanley & Co. International PLC      33,400      10/04/17    EUR     23.64      EUR     840       (60,194 ) 

Rogers Communications, Inc., Class B

   Deutsche Bank AG      94,000      10/05/17    CAD     (6,048 )     CAD     (6,048 )      (24,577 ) 

Aalberts Industries NV

   UBS AG      24,500      10/06/17    EUR     38.09      EUR     1,002       (81,613 ) 

AMC Entertainment Holdings, Inc.

   Citibank N.A.      103,000      10/11/17    AUD     16.18      AUD     1,571       (725 ) 

ANTA Sports Products Ltd.

   UBS AG      520,000      10/11/17    HKD     32.60      HKD     17,082       (76,318 ) 

Ansell Ltd.

   UBS AG      63,000      10/11/17    AUD     21.64      AUD     1,407       (38,482 ) 

Japan Tobacco, Inc.

   JPMorgan Chase Bank N.A.      64,700      10/11/17    JPY     3,760.43      JPY     238,584       (8,743 ) 

Samsung Electronics Co. Ltd.

   Goldman Sachs International      2,600      10/11/17    USD     2,404,027.50      USD     6,700,959       (371,880 ) 

Sands China Ltd.

   Goldman Sachs International      492,400      10/11/17    HKD     35.31      HKD     20,119       (350,311 ) 

bpost SA

   Goldman Sachs International      23,100      10/11/17    EUR     24.13      EUR     581       (29,074 ) 

Svenska Handelsbanken AB, Class A

   Goldman Sachs International      203,400      10/17/17    SEK     116.62      SEK     25,030       (170,683 ) 

AIA Group Ltd.

   Goldman Sachs International      240,000      10/18/17    HKD     60.45      HKD     13,879       (8,093 ) 

Aalberts Industries NV

   Morgan Stanley & Co. International PLC      25,700      10/18/17    EUR     37.88      EUR     1,051       (92,440 ) 

Diageo PLC — ADR

   Goldman Sachs International      173,000      10/18/17    GBP     25.91      GBP     4,245       (6,313 ) 

Heico Corp.

   Goldman Sachs International      23,200      10/18/17    EUR     87.70      EUR     1,942       (2,227 ) 

 

                
4    BLACKROCK ENHANCED INTERNATIONAL DIVIDEND TRUST    SEPTEMBER 30, 2017   

Schedule of Investments (continued)

   

BlackRock Enhanced International Dividend Trust (BGY)

 

 

OTC Options Written (continued)  
Description   Counterparty    Number of
Contracts 		      Expiration
Date		    Exercise
Price		      Notional
Amount
(000)		      Value  

Call

 

Innogy SE

   Morgan Stanley & Co. International PLC      10,000      10/18/17    EUR     37.26      EUR     377      $ (11,418 ) 

KONE Oyj

   Morgan Stanley & Co. International PLC      33,200      10/18/17    EUR     45.71      EUR     1,489        (14,299 ) 

Llyods Banking Group PLC

   Goldman Sachs International      2,081,200      10/18/17    GBP     0.63      GBP     1,415        (128,073 ) 

Nestle SA

   Bank of America N.A.      63,000      10/18/17    CHF     81.10      CHF     5,121        (83,240 ) 

Novan, Inc.

   Goldman Sachs International      102,600      10/18/17    CHF     80.52      CHF     8,522        (301,676 ) 

Novo Nordisk A/S

   Goldman Sachs International      44,700      10/18/17    DKK     303.49      DKK     13,532        (38,170 ) 

Taiwan Semiconductor Manufacturing Co. Ltd.

   Deutsche Bank AG      961,000      10/18/17    USD     218.09      USD     208,720        (56,747 ) 

UBS Group AG, Registered Shares

   Goldman Sachs International      16,300      10/18/17    CHF     15.62      CHF     270        (15,969 ) 

Unilever PLC

   Goldman Sachs International      97,300      10/18/17    GBP     45.19      GBP     4,202        (11,695 ) 

Unilever PLC

   Goldman Sachs International      36,100      10/18/17    GBP     45.52      GBP     1,559        (2,879 ) 

bpost SA

   Goldman Sachs International      19,000      10/18/17    EUR     23.75      EUR     478        (32,893 ) 

AT&T

   UBS AG      98,700      10/19/17    CAD     45.38      CAD     4,430        (19,070 ) 

GlaxoSmithKline PLC

   Goldman Sachs International      60,000      10/19/17    GBP     15.15      GBP     895        (8,835 ) 

Heico Corp.

   Goldman Sachs International      22,500      10/19/17    EUR     84.71      EUR     1,884        (15,257 ) 

KONE Oyj

   Goldman Sachs International      36,500      10/19/17    EUR     47.03      EUR     1,637        (3,554 ) 

Llyods Banking Group PLC

   Goldman Sachs International      1,735,000      10/19/17    GBP     0.66      GBP     1,180        (43,552 ) 

Novartis AG, Registered Shares

   Goldman Sachs International      49,300      10/19/17    CHF     82.89      CHF     4,095        (57,819 ) 

AstraZeneca PLC

   Goldman Sachs International      92,700      10/24/17    GBP     48.56      GBP     4,601        (204,214 ) 

Hexagon AB, Class B

   Bank of America N.A.      30,000      10/24/17    SEK     400.24      SEK     12,122        (42,862 ) 

BNP Paribas SA

   UBS AG      34,700      10/25/17    EUR     66.69      EUR     2,369        (90,460 ) 

Banco Santander SA

   Goldman Sachs International      30,200      10/25/17    EUR     84.33      EUR     2,544        (42,411 ) 

FANUC Corp.

   Goldman Sachs International      9,000      10/25/17    JPY     21,849.79      JPY     205,334        (89,684 ) 

Far Eastone Telecommunications Co. Ltd.

   Goldman Sachs International      297,000      10/25/17    USD     74.32      USD     21,429        (2,528 ) 

Hexagon AB, Class B

   UBS AG      15,300      10/25/17    SEK     390.26      SEK     6,182        (34,062 ) 

Imperial Brands PLC

   Goldman Sachs International      136,700      10/25/17    GBP     33.37      GBP     4,354        (54,779 ) 

Nintendo Co. Ltd.

   JPMorgan Chase Bank N.A.      9,300      10/25/17    JPY     41,155.22      JPY     385,873        (142,239 ) 

Roche Holding AG

   Goldman Sachs International      22,200      10/25/17    CHF     244.68      CHF     5,495        (130,850 ) 

Novo Nordisk A/S

   Goldman Sachs International      46,000      10/26/17    DKK     306.12      DKK     13,925        (30,184 ) 

Royal Dutch Shell PLC, Class B

   Goldman Sachs International      50,000      10/26/17    GBP     21.89      GBP     1,149        (77,242 ) 

Buzzi Unicem SpA

   Goldman Sachs International      30,300      10/30/17    EUR     21.76      EUR     693        (45,392 ) 

Rogers Communication, Inc.

   Deutsche Bank AG      72,400      10/30/17    CAD     65.34      CAD     4,658        (43,119 ) 

AIA Group Ltd.

   Deutsche Bank AG      200,000      10/31/17    HKD     60.53      HKD     11,566        (13,840 ) 

Banco Santander SA

   Goldman Sachs International      38,800      10/31/17    EUR     82.77      EUR     3,268        (105,037 ) 

GlaxoSmithKline PLC

   Credit Suisse International      146,000      10/31/17    GBP     15.12      GBP     2,178        (32,994 ) 

Imperial Brands PLC

   Credit Suisse International      93,300      10/31/17    GBP     33.53      GBP     2,972        (40,740 ) 

Japan Tobacco, Inc.

   Morgan Stanley & Co. International PLC      117,000      10/31/17    JPY     3,767.35      JPY     431,443        (35,439 ) 

KONE Oyj

   Morgan Stanley & Co. International PLC      36,500      10/31/17    EUR     48.53      EUR     1,637        (1,706 ) 

Naspers Ltd., Class N

   Credit Suisse International      23,500      10/31/17    ZAR     3,054.22      ZAR     68,778        (86,444 ) 

SGS SA, Registered Shares

   Morgan Stanley & Co. International PLC      1,100      10/31/17    CHF     2,305.20      CHF     2,558        (61,746 ) 

bpost SA

   Morgan Stanley & Co. International PLC      19,000      10/31/17    EUR     24.67      EUR     478        (15,015 ) 

Digital Power Corp.

   Goldman Sachs International      96,800      11/01/17    EUR     37.04      EUR     3,650        (131,313 ) 

Galp Energia SGPS SA

   Credit Suisse International      50,000      11/01/17    EUR     14.23      EUR     750        (47,398 ) 

Digital Power Corp.

   Goldman Sachs International      147,300      11/02/17    EUR     36.81      EUR     5,555        (237,849 ) 

 

                
   BLACKROCK ENHANCED INTERNATIONAL DIVIDEND TRUST    SEPTEMBER 30, 2017    5

Schedule of Investments (continued)

   

BlackRock Enhanced International Dividend Trust (BGY)

 

 

OTC Options Written (continued)  
Description   Counterparty    Number of
Contracts 		      Expiration
Date		    Exercise
Price		      Notional
Amount
(000)		      Value  

Call

 

Metro Bank PLC

   UBS AG      10,400      11/02/17    GBP     33.86      GBP     352      $ (12,842 ) 

bpost SA

   Goldman Sachs International      14,400      11/07/17    EUR     24.78      EUR     362        (10,934 ) 

AT&T

   Citibank N.A.      98,700      11/08/17    CAD     45.26      CAD     4,430        (39,249 ) 

Givaudan SA

   Credit Suisse International      1,500      11/08/17    CHF     2,046.25      CHF     3,162        (124,410 ) 

Imperial Brands PLC

   Bank of America N.A.      93,300      11/08/17    GBP     33.01      GBP     2,972        (63,653 ) 

Nestle SA

   Goldman Sachs International      54,500      11/08/17    CHF     81.93      CHF     4,430        (64,045 ) 

Sonic Healthcare Ltd.

   UBS AG      59,800      11/08/17    AUD     22.10      AUD     1,253        (5,556 ) 

AMC Entertainment Holdings, Inc.

   Deutsche Bank AG      109,000      11/09/17    AUD     15.52      AUD     1,662        (23,269 ) 

ANTA Sports Products Ltd.

   Morgan Stanley & Co. International PLC      434,000      11/09/17    HKD     34.55      HKD     14,257        (58,622 ) 

British American
Tobacco PLC

   UBS AG      122,200      11/09/17    GBP     47.74      GBP     5,709        (125,147 ) 

Dassault Aviation SA

   Goldman Sachs International      600      11/09/17    EUR     1,333.66      EUR     821        (40,391 ) 

Dassault Aviation SA

   Goldman Sachs International      1,000      11/09/17    EUR     1,391.07      EUR     1,369        (32,509 ) 

Givaudan SA

   Goldman Sachs International      1,300      11/09/17    CHF     2,071.31      CHF     2,741        (82,816 ) 

Hexagon AB, Class B

   UBS AG      37,500      11/09/17    SEK     407.80      SEK     15,152        (58,955 ) 

KONE Oyj

   UBS AG      36,500      11/09/17    EUR     46.78      EUR     1,637        (22,499 ) 

SGS SA, Registered Shares

   Goldman Sachs International      900      11/09/17    CHF     2,273.31      CHF     2,093        (71,029 ) 

Svenska Handelsbanken AB, Class A

   Goldman Sachs International      169,000      11/09/17    SEK     117.50      SEK     20,797        (130,654 ) 

Tencent Holdings Ltd.

   Morgan Stanley & Co. International PLC      37,000      11/09/17    HKD     354.53      HKD     12,637        (41,315 ) 

bpost SA

   Goldman Sachs International      14,400      11/09/17    EUR     24.78      EUR     362        (11,105 ) 

Anheuser-Busch InBev SA

   Credit Suisse International      4,700      11/10/17    EUR     99.92      EUR     475        (19,324 ) 

British American
Tobacco PLC

   UBS AG      122,200      11/15/17    GBP     47.74      GBP     5,709        (134,379 ) 

CNH Industrial NV

   Credit Suisse International      24,300      11/15/17    EUR     10.33      EUR     247        (6,447 ) 

Dassault Aviation SA

   Goldman Sachs International      600      11/15/17    EUR     1,333.66      EUR     821        (41,894 ) 

Koninklijke Philips N.V.

   Morgan Stanley & Co. International PLC      82,000      11/15/17    EUR     35.07      EUR     2,863        (87,480 ) 

Tencent Holdings Ltd.

   Goldman Sachs International      90,700      11/15/17    HKD     343.53      HKD     30,977        (107,015 ) 

bpost SA

   HSBC Bank PLC      23,000      11/15/17    EUR     25.65      EUR     579        (6,837 ) 

ASML Holding NV

   UBS AG      25,900      11/16/17    EUR     140.89      EUR     3,745        (213,014 ) 

Ansell Ltd.

   Deutsche Bank AG      57,500      11/16/17    AUD     22.66      AUD     1,285        (28,230 ) 

BAE Systems PLC

   Morgan Stanley & Co. International PLC      248,000      11/16/17    GBP     6.45      GBP     1,567        (25,689 ) 

Banco Santander SA

   Goldman Sachs International      38,800      11/16/17    EUR     84.86      EUR     3,268        (68,823 ) 

FANUC Corp.

   Morgan Stanley & Co. International PLC      1,000      11/16/17    JPY     23,257.25      JPY     22,815        (4,457 ) 

Far Eastone Telecommunications Co. Ltd.

   JPMorgan Chase Bank N.A.      336,000      11/16/17    USD     73.18      USD     24,242        (8,857 ) 

Galp Energia SGPS SA

   UBS AG      94,600      11/16/17    EUR     15.37      EUR     1,419        (21,570 ) 

GlaxoSmithKline PLC

   Goldman Sachs International      140,800      11/16/17    GBP     15.10      GBP     2,101        (27,410 ) 

Japan Tobacco, Inc.

   Morgan Stanley & Co. International PLC      64,700      11/16/17    JPY     3,773.54      JPY     238,584        (26,515 ) 

Japan Tobacco, Inc.

   UBS AG      24,700      11/16/17    JPY     3,729.45      JPY     91,082        (13,571 ) 

LG Chem Ltd.

   Goldman Sachs International      3,300      11/16/17    USD     388,642.50      USD     1,298,508        (55,423 ) 

Metro Bank PLC

   Credit Suisse International      13,300      11/16/17    GBP     33.54      GBP     450        (22,823 ) 

Rogers Corp.

   Morgan Stanley & Co. International PLC      4,700      11/16/17    CHF     251.74      CHF     1,163        (15,867 ) 

SAP SE

   UBS AG      3,900      11/16/17    EUR     93.71      EUR     362        (7,486 ) 

 

                
6    BLACKROCK ENHANCED INTERNATIONAL DIVIDEND TRUST    SEPTEMBER 30, 2017   

Schedule of Investments (continued)

   

BlackRock Enhanced International Dividend Trust (BGY)

 

 

OTC Options Written (continued)  
Description   Counterparty    Number of
Contracts 		      Expiration
Date		    Exercise
Price		      Notional
Amount
(000)		     Value  

Call

 

Sands China Ltd.

   JPMorgan Chase Bank N.A.      410,400      11/16/17    HKD     40.21      HKD     16,769     $ (100,249 ) 

Societe Generale SA

   Credit Suisse International      24,000      11/16/17    EUR     49.51      EUR     1,190       (46,764 ) 

Sonic Healthcare Ltd.

   Deutsche Bank AG      123,700      11/16/17    AUD     21.85      AUD     2,592       (20,337 ) 

Sumitomo Mitsui Financial Group, Inc.

   UBS AG      10,000      11/16/17    JPY     4,398.24      JPY     43,254       (7,782 ) 

Rogers Communication, Inc.

   Morgan Stanley & Co. International PLC      46,500      11/20/17    CAD     64.86      CAD     2,992       (46,348 ) 

SMC Corp.

   UBS AG      5,600      11/21/17    JPY     40,386.85      JPY     222,667       (55,357 ) 

Rio Tinto PLC

   Bank of America N.A.      25,700      11/28/17    GBP     34.72      GBP     893       (46,669 ) 

Royal Dutch Shell PLC, Class B

   Credit Suisse International      65,000      11/28/17    GBP     23.07      GBP     1,493       (27,968 ) 

KION Group AG

   Goldman Sachs International      13,300      11/29/17    EUR     81.43      EUR     1,078       (36,166 ) 

Ansell Ltd.

   Deutsche Bank AG      57,500      11/30/17    AUD     22.96      AUD     1,285       (24,631 ) 

Anheuser-Busch InBev SA

   Goldman Sachs International      31,500      12/01/17    EUR     104.22      EUR     3,186       (59,568 ) 

Galp Energia SGPS SA

   Goldman Sachs International      69,500      12/05/17    EUR     15.24      EUR     1,043       (23,889 ) 

Total

 

   $ (6,520,606 ) 
                   

 

 

  

 

                
   BLACKROCK ENHANCED INTERNATIONAL DIVIDEND TRUST    SEPTEMBER 30, 2017    7

Schedule of Investments (continued)

   

BlackRock Enhanced International Dividend Trust (BGY)

 

 

Fair Value Hierarchy as of Period End

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

 

  •  

Level 1 — Unadjusted price quotations in active markets/exchanges for identical assets or liabilities that the Trust has the ability to access

 

  •  

Level 2 — Other observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are active, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the assets or liabilities (such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates) or other market-corroborated inputs)

 

  •  

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)

The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the fair value hierarchy classification is determined based on the lowest level input that is significant to the fair value measurement in its entirety. Investments classified within Level 3 have significant unobservable inputs used by the BlackRock Global Valuation Methodologies Committee (the “Global Valuation Committee”) in determining the price for Fair Valued Investments. Level 3 investments include equity or debt issued by privately held companies or funds. There may not be a secondary market, and/or there are a limited number of investors. Level 3 investments may also be adjusted to reflect illiquidity and/or non-transferability, with the amount of such discount estimated by the Global Valuation Committee in the absence of market information.

Changes in valuation techniques may result in transfers into or out of an assigned level within the hierarchy. In accordance with the Trust’s policy, transfers between different levels of the fair value 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 investments and derivative financial instruments and is not necessarily an indication of the risks associated with investing in those securities. For information about the Trust’s policy regarding valuation of investments and derivative financial instruments, 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:

 

     Level 1        Level 2        Level 3     Total  

Assets:

 

Investments:              
Common Stocks:              

Australia

    —        $ 25,641,204          —     $ 25,641,204  

Belgium

    —          19,719,025          —       19,719,025  

Canada

  $ 50,496,219          —          —       50,496,219  

China

    22,539,553          12,696,484          —       35,236,037  

Denmark

    —          9,902,584          —       9,902,584  

Finland

    —          17,181,370          —       17,181,370  

France

    —          46,525,582          —       46,525,582  

Germany

    —          40,235,720          —       40,235,720  

Hong Kong

    462,212          18,123,617          —       18,585,829  

India

    —          11,218,234          —       11,218,234  

Ireland

    6,792,843          —          —       6,792,843  

Italy

    —          2,369,733          —       2,369,733  

Japan

    —          38,093,808          —       38,093,808  

Netherlands

    —          43,252,352          —       43,252,352  

Norway

    —          341,776          —       341,776  

Portugal

    —          8,629,017          —       8,629,017  

South Africa

    —          11,599,848          —       11,599,848  

 

                
8    BLACKROCK ENHANCED INTERNATIONAL DIVIDEND TRUST    SEPTEMBER 30, 2017   

Schedule of Investments (concluded)

   

BlackRock Enhanced International Dividend Trust (BGY)

 

 

     Level 1        Level 2        Level 3     Total  

South Korea

    —          16,127,787          —       16,127,787  

Sweden

    —          22,127,019          —       22,127,019  

Switzerland

    —          93,634,706          —       93,634,706  

Taiwan

    —          22,711,287          —       22,711,287  

United Kingdom

    —          151,580,530          —       151,580,530  

United States

    33,088,494          —          —       33,088,494  
Investment Companies     22,323,617          —          —       22,323,617  
Preferred Stocks     —          —        $ 5,478,529       5,478,529  
Short-Term Securities     12,756,559          —          —       12,756,559  
 

 

 

  

Total

   $ 148,459,497        $ 611,711,683        $ 5,478,529     $ 765,649,709  
 

 

 

  
Derivative Financial Instruments1              

Liabilities:

             
Equity contracts     (902,550 )         (6,524,036 )         —       (7,426,586 ) 
 

 

 

  

1    Derivative financial instruments are options written, which are shown at value.

     

Transfers between Level 1 and Level 2 were as follow:

 

    

Transfers into

Level 1

       

Transfers out of

Level 11

       

Transfers into

Level 21

    

Transfers out of

Level 2

  

Assets:

             
Long-Term Investments:              

Common Stocks

     —        $ (18,063,836 )       $ 18,063,836       —  

1    External pricing service used to reflect any significant market movements between the time the Trust valued such foreign securities and the earlier closing of foreign markets.

     

A reconciliation of Level 3 investments is presented when the Trust had a significant amount of Level 3 investments at the beginning and/or end of the period in relation to net assets. The following table is a reconciliation of Level 3 investments for which significant unobservable inputs were used in determining fair value:

 

    

Preferred

Stocks

        Total  

Assets:

       
Opening Balance, as of December 31, 2016   $ 15,855,374        $ 15,855,374  
Transfers into Level 3     —          —  
Transfers out of Level 3     —          —  
Accrued discounts/premiums     —          —  
Net realized gain (loss)     —          —  
Net change in unrealized appreciation (depreciation)1,     (10,376,845 )         (10,376,845 ) 
Purchases     —          —  
Sales     —          —  
 

 

 

  

Closing Balance, as of September 30, 2017

   $ 5,478,529        $ 5,478,529  
 

 

 

  

Net change in unrealized appreciation (depreciation) on investments still held at September 30, 20171

   $ (10,376,845 )       $ (10,376,845 ) 
 

 

 

  

1    Any difference between net change in unrealized appreciation (depreciation) and net change in unrealized appreciation (depreciation) on derivative financial instruments still held at September 30, 2017 is generally due to derivative financial instruments no longer held or categorized as Level 3 at period end.

     

 

                
   BLACKROCK ENHANCED INTERNATIONAL DIVIDEND TRUST    SEPTEMBER 30, 2017    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 Enhanced International Dividend Trust (Formerly BlackRock International Growth & Income Trust)

 

By:   /s/ John M. Perlowski                    
  John M. Perlowski
  Chief Executive Officer (principal executive officer) of
  BlackRock Enhanced International Dividend Trust (Formerly BlackRock International Growth & Income Trust)
Date: November 20, 2017

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 Enhanced International Dividend Trust (Formerly BlackRock International Growth & Income Trust)
Date: November 20, 2017
By:   /s/ Neal J. Andrews                       
  Neal J. Andrews
  Chief Financial Officer (principal financial officer) of
  BlackRock Enhanced International Dividend Trust (Formerly BlackRock International Growth & Income Trust)
Date: November 20, 2017