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, 55 East 52nd Street, New York, NY 10055.

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

Date of fiscal year end: 10/31/2010

Date of reporting period: 07/31/2010

Item 1 – Schedule of Investments

 

 

Schedule of Investments July 31, 2010 (Unaudited)

BlackRock International Growth and Income Trust (BGY)

 

(Percentages shown are based on Net Assets)

 

 

 

 

 

 

 

 

Common Stocks

 

Shares

 

Value

 

Austria—0.5%

 

 

 

 

 

 

 

Erste Group Bank AG

 

 

127,600

 

$

5,106,823

 

Belgium—0.6%

 

 

 

 

 

 

 

Anheuser-Busch InBev NV

 

 

129,900

 

 

6,881,251

 

Brazil—1.4%

 

 

 

 

 

 

 

Banco Santander Brasil SA - ADR

 

 

191,100

 

 

2,545,452

 

BM&FBOVESPA SA

 

 

377,444

 

 

2,789,841

 

Cia Energetica de Minas Gerais - ADR (a)

 

 

293,820

 

 

4,466,064

 

Hypermarcas SA (b)

 

 

421,600

 

 

5,494,128

 

 

 

 

 

 

 

 

 

 

 

 

 

15,295,485

 

Canada—11.4%

 

 

 

 

 

 

 

Barrick Gold Corp.

 

 

190,100

 

 

7,813,110

 

Baytext Energy Trust

 

 

202,200

 

 

6,392,199

 

Bombardier, Inc., Class B

 

 

1,912,200

 

 

8,667,722

 

Canadian National Railway Co.

 

 

132,800

 

 

8,362,416

 

Canadian Natural Resources Ltd.

 

 

313,300

 

 

10,783,786

 

Canadian Pacific Railway Ltd.

 

 

82,700

 

 

4,938,430

 

Cenovus Energy, Inc.

 

 

319,000

 

 

8,983,075

 

Crescent Point Energy Corp.

 

 

191,100

 

 

7,043,217

 

Eldorado Gold Corp.

 

 

439,100

 

 

7,132,892

 

Enbridge, Inc.

 

 

98,500

 

 

4,794,456

 

Magna International, Inc., Class A

 

 

82,700

 

 

6,176,036

 

Niko Resources Ltd.

 

 

47,300

 

 

5,101,526

 

Pacific Rubiales Energy Corp. (b)

 

 

190,500

 

 

4,569,554

 

Pan American Silver Corp.

 

 

224,000

 

 

5,143,040

 

Royal Bank of Canada

 

 

100,100

 

 

5,230,652

 

Silver Wheaton Corp. (b)

 

 

259,800

 

 

4,897,230

 

Suncor Energy, Inc.

 

 

208,300

 

 

6,863,485

 

Toronto-Dominion Bank (The)

 

 

76,270

 

 

5,427,667

 

TransCanada Corp.

 

 

161,000

 

 

5,689,539

 

 

 

 

 

 

 

 

 

 

 

 

 

124,010,032

 

China—1.7%

 

 

 

 

 

 

 

Angang Steel Co. Ltd.

 

 

1,836,300

 

 

2,784,323

 

China Construction Bank Corp., Class H

 

 

5,965,800

 

 

5,070,322

 

China Merchants Bank Co. Ltd., Class H

 

 

2,088,000

 

 

5,593,800

 

Focus Media Holding Ltd. - ADR (b)

 

 

45,100

 

 

817,663

 

Want Want China Holdings Ltd.

 

 

5,316,400

 

 

4,172,053

 

 

 

 

 

 

 

 

 

 

 

 

 

18,438,161

 

Denmark—1.3%

 

 

 

 

 

 

 

FLSmidth & Co. A/S

 

 

140,000

 

 

9,966,895

 

TrygVesta AS

 

 

65,500

 

 

3,977,162

 

 

 

 

 

 

 

 

 

 

 

 

 

13,944,057

 

Finland—0.5%

 

 

 

 

 

 

 

Fortum Oyj

 

 

241,600

 

 

5,613,479

 

France—4.6%

 

 

 

 

 

 

 

AXA SA

 

 

173,100

 

 

3,178,113

 

BNP Paribas

 

 

87,340

 

 

5,970,361

 

Cap Gemini SA

 

 

97,800

 

 

4,649,165

 

GDF Suez

 

 

203,760

 

 

6,754,312

 

Societe Generale

 

 

97,700

 

 

5,611,048

 

Total SA

 

 

252,700

 

 

12,756,701

 

Unibail-Rodamco SE - REIT

 

 

28,000

 

 

5,520,243

 

Vivendi

 

 

219,600

 

 

5,267,150

 

 

 

 

 

 

 

 

 

 

 

 

 

49,707,093

 

Germany—9.1%

 

 

 

 

 

 

 

BASF SE

 

 

83,500

 

 

4,882,652

 

Bayerische Motoren Werke AG

 

 

97,400

 

 

5,242,638

 

Deutsche Lufthansa AG (b)

 

 

479,400

 

 

7,818,382

 

Deutsche Post AG

 

 

532,900

 

 

9,285,326

 

Deutsche Telekom AG

 

 

592,000

 

 

7,958,376

 

E.ON AG

 

 

265,500

 

 

7,941,154

 

Fresenius Medical Care AG & Co. KGaA

 

 

155,600

 

 

8,534,673

 

Merck KGaA

 

 

106,700

 

 

9,509,001

 

RWE AG

 

 

172,800

 

 

12,204,616

 

SAP AG - ADR (a)

 

 

143,500

 

 

6,582,345

 

 

 

 

 

 

 

 

 

Common Stocks

 

Shares

 

Value

 

Germany—(concluded)

 

 

 

 

 

Siemens AG

 

 

105,300

 

$

10,300,503

 

Software AG

 

 

23,600

 

 

2,637,249

 

Volkswagon AG, Preference Shares

 

 

60,344

 

 

6,393,410

 

 

 

 

 

 

 

 

 

 

 

 

 

99,290,325

 

Gibraltar—0.2%

 

 

 

 

 

 

 

PartyGaming Plc (b)

 

 

492,700

 

 

2,318,141

 

Hong Kong—3.6%

 

 

 

 

 

 

 

Cathay Pacific Airways Ltd.

 

 

3,684,000

 

 

8,214,405

 

Cheung Kong Holdings Ltd.

 

 

666,000

 

 

8,050,955

 

China Mobile Ltd.

 

 

610,000

 

 

6,198,865

 

CNOOC Ltd. - ADR

 

 

26,400

 

 

4,446,288

 

Melco Crown Entertainment Ltd. - ADR
(b)

 

 

1,044,000

 

 

4,061,160

 

New World Development Ltd.

 

 

2,454,900

 

 

4,395,917

 

Orient Overseas International Ltd. (b)

 

 

569,300

 

 

4,451,867

 

 

 

 

 

 

 

 

 

 

 

 

 

39,819,457

 

Indonesia—0.7%

 

 

 

 

 

 

 

Adaro Energy PT

 

 

32,767,200

 

 

7,348,197

 

Ireland—0.1%

 

 

 

 

 

 

 

Coviden Plc

 

 

36,500

 

 

1,362,180

 

Israel—0.2%

 

 

 

 

 

 

 

Teva Pharmaceutical Industries Ltd. - ADR

 

 

48,000

 

 

2,344,800

 

Italy—1.7%

 

 

 

 

 

 

 

Fondiaria-Sai SpA

 

 

264,300

 

 

2,822,889

 

Intesa Sanpaolo SpA

 

 

1,859,600

 

 

6,137,698

 

Paramalat SpA

 

 

1,497,200

 

 

3,623,321

 

Telecom Italia SpA

 

 

1,600,000

 

 

2,036,391

 

UniCredit SpA

 

 

1,269,165

 

 

3,549,536

 

 

 

 

 

 

 

 

 

 

 

 

 

18,169,835

 

Japan—12.8%

 

 

 

 

 

 

 

Asahi Breweries Ltd.

 

 

206,700

 

 

3,658,766

 

Bank of Yokohama Ltd. (The)

 

 

468,500

 

 

2,156,092

 

Bridgestone Corp.

 

 

312,900

 

 

5,590,658

 

Canon, Inc.

 

 

126,100

 

 

5,462,115

 

Chiba Bank Ltd.

 

 

567,900

 

 

3,465,551

 

Honda Motor Co. Ltd.

 

 

310,400

 

 

9,820,578

 

Hoya Corp.

 

 

228,100

 

 

5,414,132

 

ITOCHU Corp.

 

 

827,200

 

 

6,438,041

 

Japan Tobacco, Inc.

 

 

2,238

 

 

7,202,701

 

JSR Corp.

 

 

284,800

 

 

4,966,890

 

KDDI Corp.

 

 

710

 

 

3,461,347

 

Konica Minolta Holdings, Inc.

 

 

502,700

 

 

5,265,791

 

Marubeni Corp.

 

 

1,400,500

 

 

7,514,230

 

Matsui Securities Co. Ltd.

 

 

555,800

 

 

3,278,236

 

Mitsubishi UFJ Financial Group, Inc.

 

 

1,075,700

 

 

5,329,001

 

Mizuho Securities Co. Ltd.

 

 

455,000

 

 

1,032,240

 

Nikon Corp.

 

 

266,500

 

 

4,641,800

 

Nippon Yusen KK

 

 

1,612,700

 

 

6,811,927

 

Nomura Holdings, Inc.

 

 

825,400

 

 

4,641,474

 

NSK Ltd.

 

 

1,590,000

 

 

11,284,614

 

NTT Data Corp.

 

 

1,680

 

 

6,112,078

 

Panasonic Corp.

 

 

314,900

 

 

4,160,999

 

Sumitomo Heavy Industries Ltd.

 

 

977,100

 

 

5,716,720

 

Sumitomo Mitsui Financial Group, Inc.

 

 

171,800

 

 

5,294,744

 

T&D Holdings, Inc.

 

 

247,000

 

 

5,389,521

 

Tokio Marine Holdings, Inc.

 

 

206,800

 

 

5,653,884

 

 

 

 

 

 

 

 

 

 

 

 

 

139,764,130

 

Luxembourg—0.8%

 

 

 

 

 

 

 

ArcelorMittal

 

 

271,900

 

 

8,324,164

 

Malaysia—0.9%

 

 

 

 

 

 

 

Bumiputra-Commerce Holdings Bhd

 

 

4,231,200

 

 

9,854,615

 

Mexico—1.1%

 

 

 

 

 

 

 

Fomento Economico Mexicano SAB de CV
- ADR (a)

 

 

120,600

 

 

5,870,808

 

Grupo Mexico SAB de CV, Series B

 

 

2,185,300

 

 

5,789,251

 

 

 

 

 

 

 

 

 

 

 

 

 

11,660,059

 


 

 

 

 

 

 

 

 

1

 

    JULY 31, 2010

 


 

 

Schedule of Investments (continued)

BlackRock International Growth and Income Trust (BGY)

 

(Percentages shown are based on Net Assets)

 

 

 

 

 

 

 

 

Common Stocks

 

Shares

 

Value

 

Netherlands—2.2%

 

 

 

 

 

 

 

Aegon NV (b)

 

 

820,700

 

$

4,929,585

 

Corio NV - REIT

 

 

18,200

 

 

1,068,370

 

ING Groep NV (b)

 

 

650,900

 

 

6,242,069

 

Koninklijke (Royal) KPN NV

 

 

345,800

 

 

4,805,200

 

Koninklijke (Royal) Philips Electronics NV

 

 

86,400

 

 

2,685,918

 

VimpelCom Ltd. - ADR (a)(b)

 

 

271,900

 

 

4,434,689

 

 

 

 

 

 

 

 

 

 

 

 

 

24,165,831

 

Philippines—0.3%

 

 

 

 

 

 

 

Philippine Long Distance Telephone Co.
- ADR

 

 

67,900

 

 

3,646,230

 

Singapore—2.0%

 

 

 

 

 

 

 

CapitaLand Ltd.

 

 

1,062,771

 

 

3,102,067

 

DBS Group Holdings Ltd.

 

 

416,000

 

 

4,415,200

 

Singapore Telecommunications Ltd.

 

 

3,403,100

 

 

7,821,902

 

Straits Asia Resources Ltd.

 

 

4,398,200

 

 

6,714,338

 

 

 

 

 

 

 

 

 

 

 

 

 

22,053,507

 

South Africa—1.3%

 

 

 

 

 

 

 

AngloGold Ashanti Ltd. - ADR

 

 

134,800

 

 

5,462,096

 

MTN Group Ltd.

 

 

288,000

 

 

4,614,302

 

Naspers Ltd.

 

 

105,000

 

 

4,477,519

 

 

 

 

 

 

 

 

 

 

 

 

 

14,553,917

 

South Korea—0.8%

 

 

 

 

 

 

 

Samsung Electronics Co. Ltd.

 

 

8,300

 

 

5,693,025

 

Samsung Securities Co. Ltd.

 

 

50,000

 

 

2,535,802

 

 

 

 

 

 

 

 

 

 

 

 

 

8,228,827

 

Spain—2.3%

 

 

 

 

 

 

 

Banco Bilbao Vizcaya Argentaria SA

 

 

392,500

 

 

5,263,395

 

Banco Santander SA

 

 

729,950

 

 

9,482,872

 

Inditex SA

 

 

55,600

 

 

3,678,050

 

Telefonica SA

 

 

310,600

 

 

7,033,659

 

 

 

 

 

 

 

 

 

 

 

 

 

25,457,976

 

Sweden—1.1%

 

 

 

 

 

 

 

Nordea Bank AB

 

 

531,124

 

 

5,300,722

 

Svenska Cellulosa AB, B Shares

 

 

496,600

 

 

7,163,393

 

 

 

 

 

 

 

 

 

 

 

 

 

12,464,115

 

Switzerland—6.8%

 

 

 

 

 

 

 

Alcon, Inc.

 

 

26,100

 

 

4,047,588

 

Credit Suisse Group AG

 

 

115,600

 

 

5,239,852

 

GAM Holding Ltd. (b)

 

 

453,700

 

 

5,248,212

 

Givaudan SA

 

 

5,600

 

 

5,165,129

 

Julius Baer Group Ltd.

 

 

157,400

 

 

5,503,859

 

Nestle SA

 

 

282,400

 

 

13,958,177

 

Nobel Biocare Holding AG

 

 

75,700

 

 

1,275,396

 

Novartis AG, Registered Shares

 

 

181,700

 

 

8,833,013

 

Swiss Life Holding AG (b)

 

 

46,100

 

 

4,844,161

 

Swiss Reinsurance Co. Ltd.

 

 

92,600

 

 

4,264,221

 

Swisscom AG

 

 

6,400

 

 

2,396,899

 

Syngenta AG

 

 

8,400

 

 

1,855,230

 

Tyco Electronics Ltd.

 

 

150,800

 

 

4,071,600

 

UBS AG (b)

 

 

239,100

 

 

4,058,767

 

Zurich Financial Services AG

 

 

13,300

 

 

3,103,916

 

 

 

 

 

 

 

 

 

 

 

 

 

73,866,020

 

Taiwan—3.0%

 

 

 

 

 

 

 

AU Optronics Corp. - ADR (a)(b)

 

 

544,407

 

 

5,171,867

 

Hon Hai Precision Industry Co. Ltd.

 

 

981,100

 

 

3,951,832

 

Mega Financial Holding Co. Ltd.

 

 

7,811,100

 

 

4,658,681

 

Siliconware Precision Industries Co. -
ADR

 

 

762,500

 

 

3,721,000

 

Taiwan Semiconductor Manufacturing
Co. Ltd. - ADR

 

 

1,474,984

 

 

14,897,338

 

 

 

 

 

 

 

 

 

 

 

 

 

32,400,718

 

 

 

 

 

 

 

 

 

Common Stocks

 

Shares

 

Value

 

Thailand—0.9%

 

 

 

 

 

 

 

Bangkok Bank PCL

 

 

800,500

 

$

3,454,318

 

Banpu PCL

 

 

302,700

 

 

5,868,731

 

 

 

 

 

 

 

 

 

 

 

 

 

9,323,049

 

United Kingdom—19.5%

 

 

 

 

 

 

 

Aegis Group Plc

 

 

2,166,000

 

 

3,983,079

 

Anglo American Plc

 

 

90,400

 

 

3,574,514

 

Antofagasta Plc

 

 

569,900

 

 

8,828,672

 

Barclays Plc - ADR (a)

 

 

336,700

 

 

7,026,929

 

British Airways Plc (b)

 

 

3,078,800

 

 

10,593,837

 

Britvic Plc

 

 

1,051,000

 

 

7,917,824

 

Cairn Energy Plc (b)

 

 

929,200

 

 

6,806,317

 

Domino’s Pizza UK & IRL Plc

 

 

66,100

 

 

424,432

 

FirstGroup Plc

 

 

1,271,900

 

 

7,341,459

 

GKN Plc

 

 

2,091,900

 

 

4,433,250

 

GlaxoSmithKline Plc

 

 

435,500

 

 

7,603,648

 

HSBC Holdings Plc

 

 

1,482,500

 

 

15,075,840

 

Imperial Tobacco Group Plc

 

 

395,000

 

 

11,177,138

 

Inchcape Plc (b)

 

 

1,025,920

 

 

4,806,545

 

Intercontinental Hotels Group Plc

 

 

441,650

 

 

7,654,925

 

Kazakhmys Plc

 

 

204,900

 

 

3,904,276

 

National Grid Plc

 

 

872,200

 

 

6,986,604

 

Next Plc

 

 

130,800

 

 

4,408,926

 

Rio Tinto Plc

 

 

95,000

 

 

4,916,777

 

Royal Bank of Scotland Group Plc (b)

 

 

8,686,000

 

 

6,800,128

 

Royal Dutch Shell Plc - ADR

 

 

399,400

 

 

22,134,748

 

Tesco Plc

 

 

1,048,900

 

 

6,432,213

 

Tullow Oil Plc

 

 

529,500

 

 

10,227,622

 

Unilever Plc

 

 

261,000

 

 

7,415,337

 

Vedanta Resources Plc

 

 

200,300

 

 

7,668,163

 

Vodafone Group Plc - ADR

 

 

415,000

 

 

9,744,200

 

WPP Plc

 

 

996,700

 

 

10,598,734

 

Xstrata Plc

 

 

290,200

 

 

4,616,261

 

 

 

 

 

 

 

 

 

 

 

 

 

213,102,398

 

United States—0.7%

 

 

 

 

 

 

 

Amkor Technology, Inc. (b)

 

 

634,300

 

 

3,659,911

 

NII Holdings, Inc. (b)

 

 

101,400

 

 

3,798,444

 

 

 

 

 

 

 

 

 

 

 

 

 

7,458,355

 

Total Long-Term Investments
(Cost—$1,065,223,212)—94.1%

 

 

 

 

 

1,025,973,227

 

 

Short-Term Securities

 

 

 

 

 

 

 

BlackRock Liquidity Funds, TempFund,
Institutional Class, 0.23% (c)(d)

 

 

66,792,016

 

 

66,792,016

 

Total Short-Term Securities
(Cost—$66,792,016)—6.1%

 

 

 

 

 

66,792,016

 

Total Investments Before Outstanding Options Written
(Cost—$1,132,015,228*)—100.2%

 

 

 

 

 

1,092,765,243

 

 

Options Written

 

Contracts

 

 

 

 

Exchange-Traded Call Options Written—(0.2)%

 

 

 

 

 

 

 

Alcon, Inc., Strike Price USD 155,
Expires 8/23/10

 

 

155

 

 

(59,287

)

AngloGold Ashanti Ltd. - ADR, Strike
Price USD 41, Expires 8/23/10

 

 

400

 

 

(36,000

)

AngloGold Ashanti Ltd. - ADR, Strike
Price USD 41, Expires 9/20/10

 

 

400

 

 

(60,000

)

Banco Santander Brasil SA - ADR, Strike
Price USD 12.50, Expires 8/23/10

 

 

575

 

 

(57,500

)

Barclays Plc - ADR, Strike Price USD 19,
Expires 8/23/10

 

 

1,015

 

 

(230,913

)


 

 

 

 
       

 

 

    JULY 31, 2010

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)

 

 

 

Barclays Plc - ADR, Strike Price USD 20,
Expires 8/23/10

 

 

770

 

$

(117,425

)

Barrick Gold Corp., Strike Price USD 46,
Expires 8/23/10

 

 

570

 

 

(5,415

)

Barrick Gold Corp., Strike Price USD 47,
Expires 8/23/10

 

 

570

 

 

(3,135

)

Canadian National Railway Co., Strike
Price USD 60, Expires 8/23/10

 

 

570

 

 

(199,500

)

Canadian National Railway Co., Strike
Price USD 63, Expires 8/27/10

 

 

230

 

 

(31,651

)

Canadian Natural Resources Ltd., Strike
Price USD 39, Expires 8/23/10

 

 

1,220

 

 

(6,100

)

CNOOC Ltd. - ADR, Strike Price USD 185,
Expires 8/23/10

 

 

160

 

 

(3,600

)

Magna International Inc., Class A, Strike
Price USD 75, Expires 8/23/10

 

 

500

 

 

(131,250

)

NII Holdings, Inc., Strike Price USD 37,
Expires 8/23/10

 

 

600

 

 

(109,500

)

Pan American Silver Corp., Strike Price
USD 28, Expires 8/23/10

 

 

1,740

 

 

(8,700)

 

Royal Dutch Shell Plc - ADR, Strike Price
USD 55, Expires 8/23/10

 

 

450

 

 

(46,125

)

SAP AG - ADR, Strike Price USD 48,
Expires 8/23/10

 

 

60

 

 

(1,500

)

SAP AG - ADR, Strike Price USD 49,
Expires 8/23/10

 

 

800

 

 

(8,000

)

Silver Wheaton Corp., Strike Price USD
19, Expires 8/23/10

 

 

780

 

 

(47,190

)

Silver Wheaton Corp., Strike Price USD
20, Expires 8/23/10

 

 

780

 

 

(20,670

)

Suncor Energy, Inc., Strike Price USD 32,
Expires 8/23/10

 

 

995

 

 

(153,728

)

Suncor Energy, Inc., Strike Price USD 33,
Expires 8/23/10

 

 

250

 

 

(23,625

)

Taiwan Semiconductor Manufacturing
Co. Ltd. - ADR, Strike Price USD 10,
Expires 8/23/10

 

 

14,749

 

 

(368,725

)

Teva Pharmaceutical Ltd. - ADR, Strike
Price USD 55, Expires 8/23/10

 

 

160

 

 

(1,680

)

VimpelCom Ltd. - ADR, Strike Price USD
17.50, Expires 9/20/10

 

 

355

 

 

(13,312

)

Vodafone Group Plc - ADR, Strike Price
USD 22.50, Expires 8/23/10

 

 

2,500

 

 

(287,500

)

Total Exchange-Traded Call Options Written

 

 

 

 

 

(2,032,031

)

Over-the-Counter Call Options Written—(1.8)%

 

 

 

 

 

 

 

Adaro Energy Tbk PT, Strike Price IDR
2,080.75, Expires 9/27/10, Broker
Credit Suisse First Boston

 

 

2,500,000

 

 

(27,575

)

Adaro Energy Tbk PT, Strike Price IDR
2,111.50, Expires 8/16/10, Broker
Morgan Stanley & Co., Inc.

 

 

10,800,000

 

 

(37,368

)

Aegis Group Plc, Strike Price GBP 1.11,
Expires 9/14/10, Broker UBS Securities
LLC

 

 

1,300,000

 

 

(176,884

)

Aegon NV, Strike Price EUR 4.56, Expires
8/11/10, Broker Citigroup Global
Markets

 

 

493,000

 

 

(77,218

)

Amkor Technology, Inc., Strike Price
USD 5.74, Expires 8/10/10, Broker UBS
Securities LLC

 

 

202,000

 

 

(57,394

)

Amkor Technology, Inc., Strike Price
USD 7, Expires 8/10/10, Broker
Morgan Stanley & Co., Inc.

 

 

178,000

 

 

(625

)

Anheuser-Busch InBev NV, Strike Price
EUR 40.60, Expires 8/05/10, Broker
UBS Securities LLC

 

 

78,000

 

 

(65,069

)

 

 

 

 

 

 

 

 

Options Written

 

Contracts

 

Value

 

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

 

 

Antofagasta Plc, Strike Price GBP 8.23,
Expires 8/11/10, Broker Credit Suisse
First Boston

 

 

342,000

 

$

(887,794

)

ArcelorMittal, Strike Price EUR 24.56,
Expires 9/01/10, Broker Deutsche
Bank Securities

 

 

43,100

 

 

(31,284

)

ArcelorMittal, Strike Price EUR 25.86,
Expires 9/01/10, Broker Credit Suisse
First Boston

 

 

120,000

 

 

(45,810

)

Asahi Breweries Ltd., Strike Price JPY
1,530.75, Expires 8/16/10, Broker
Goldman Sachs & Co.

 

 

124,000

 

 

(41,059

)

AU Optronics Corp. - ADR, Strike Price
USD 9.60, Expires 8/30/10, Broker
Credit Suisse First Boston

 

 

163,500

 

 

(49,540

)

AU Optronics Corp. - ADR, Strike Price
USD 9.86, Expires 9/09/10, Broker
Morgan Stanley & Co., Inc.

 

 

163,000

 

 

(44,730

)

AXA SA, Strike Price EUR 14.27, Expires
8/05/10, Broker Credit Suisse First
Boston

 

 

103,900

 

 

(23,720

)

Banco Bilbao Vizcaya Argentaria SA,
Strike Price EUR 9.83, Expires
9/01/10, Broker Credit Suisse First
Boston

 

 

235,000

 

 

(221,152

)

Banco Santander Brasil SA - ADR, Strike
Price USD 10.95, Expires 8/09/10,
Broker Morgan Stanley & Co., Inc.

 

 

57,000

 

 

(135,962

)

Banco Santander SA, Strike Price EUR
9.77, Expires 9/14/10, Broker Credit
Suisse First Boston

 

 

438,000

 

 

(348,656

)

Bank of Yokohama Ltd. (The), Strike
Price JPY 429.45, Expires 8/16/10,
Broker Goldman Sachs & Co.

 

 

281,000

 

 

(3,129

)

Barclays Plc - ADR, Strike Price USD
17.49, Expires 8/06/10, Broker Credit
Suisse First Boston

 

 

23,000

 

 

(77,754

)

BASF AG, Strike Price EUR 46.15, Expires
9/01/10, Broker Morgan Stanley & Co.,
Inc.

 

 

50,100

 

 

(76,382

)

Bayerische Motoren Werke AG, Strike
Price EUR 42.74, Expires 9/14/10,
Broker Credit Suisse First Boston

 

 

58,500

 

 

(78,787)

 

Baytext Energy Trust, Strike Price CAD
34.21, Expires 8/16/10, Broker
Deutsche Bank Securities

 

 

121,500

 

 

(29,783)

 

BM&FBOVESPA SA, Strike Price BRL
12.66, Expires 9/02/10, Broker Credit
Suisse First Boston

 

 

226,500

 

 

(110,985

)

BNP Paribas, Strike Price EUR 47.44,
Expires 8/10/10, Broker Morgan
Stanley & Co., Inc.

 

 

52,400

 

 

(348,857

)

Bombardier, Inc., Class B, Strike Price
CAD 4.44, Expires 9/02/10, Broker
Deutsche Bank Securities

 

 

832,000

 

 

(276,780

)

Bombardier, Inc., Class B, Strike Price
CAD 5, Expires 8/23/10, Broker
National Financial Services

 

 

3,150

 

 

(15,320

)

Bridgestone Corp., Strike Price JPY
1,522.93, Expires 9/27/10, Broker
Goldman Sachs & Co.

 

 

188,000

 

 

(162,463

)

British Airways Plc, Strike Price GBP
2.09, Expires 9/01/10, Broker Credit
Suisse First Boston

 

 

1,847,000

 

 

(375,322

)


 

 

 

 
       

3

 

    JULY 31, 2010

 


 

 

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)

 

 

Britvic Plc, Strike Price GBP 5.15,
Expires 9/01/10, Broker UBS Securities
LLC

 

 

630,000

 

$

(51,812

)

Cairn Energy Plc, Strike Price GBP 4.27,
Expires 8/05/10, Broker Goldman
Sachs & Co.

 

 

557,000

 

 

(350,584

)

Canadian Natural Resources Ltd., Strike
Price USD 34, Expires 8/09/10, Broker
Citigroup Global Markets

 

 

58,000

 

 

(55,316

)

Canadian Pacific Railway Ltd., Strike
Price CAD 58, Expires 8/23/10, Broker
TD Securities

 

 

720

 

 

(147,075

)

Cannon, Inc., Strike Price JPY 3,559.50,
Expires 8/16/10, Broker Goldman
Sachs & Co.

 

 

75,000

 

 

(193,634

)

Cap Gemini SA, Strike Price EUR 37.04,
Expires 9/01/10, Broker UBS Securities
LLC

 

 

58,700

 

 

(71,092

)

CapitaLand Ltd., Strike Price SGD 3.90,
Expires 9/27/10, Broker Deutsche
Bank Securities

 

 

637,000

 

 

(75,480

)

Cathay Pacific Airways Ltd., Strike Price
HKD 16.40, Expires 9/27/10, Broker
Credit Suisse First Boston

 

 

2,210,000

 

 

(357,858

)

Cenovus Energy, Inc., Strike Price CAD
30, Expires 8/23/10, Broker TD
Securities

 

 

410,000

 

 

(12,363

)

Cenovus Energy, Inc., Strike Price CAD
30, Expires 8/23/10, Broker TD
Securities

 

 

1,500

 

 

(45,231

)

Cheung Kong Holdings Ltd., Strike Price
HKD 93.40, Expires 8/16/10, Broker
JPMorgan Chase Securities

 

 

400,000

 

 

(96,373

)

Chiba Bank Ltd. (The), Strike Price JPY
554.93, Expires 8/16/10, Broker Banc
of America Securities

 

 

341,000

 

 

(10,601

)

China Construction Bank Corp., Class H,
Strike Price HKD 6.63, Expires
9/27/10, Broker Credit Suisse First
Boston

 

 

3,579,000

 

 

(114,233

)

China Merchants Bank Co. Ltd., Class H,
Strike Price HKD 20.61, Expires
9/27/10, Broker Credit Suisse First
Boston

 

 

1,253,000

 

 

(204,321

)

China Mobile Ltd., Strike Price HKD
78.99, Expires 9/27/10, Broker Morgan
Stanley & Co., Inc.

 

 

366,000

 

 

(110,319

)

Cia Energetica de Minas Gerais - ADR,
Strike Price USD 15.10, Expires
8/27/10, Broker Credit Suisse First
Boston

 

 

130,000

 

 

(40,234

)

Cia Energetica de Minas Gerais - ADR,
Strike Price USD 15.24, Expires
8/27/10, Broker Morgan Stanley &
Co., Inc.

 

 

46,000

 

 

(10,999

)

CIMB Group Holdings Bhd, Strike Price
MYR 7.43, Expires 9/27/10, Broker
Deutsche Bank Securities

 

 

3,172,000

 

 

(173,445

)

Corio NV - REIT, Strike Price EUR 46.13,
Expires 9/01/10, Broker Credit Suisse
First Boston

 

 

11,000

 

 

(7,724

)

Covidien Plc, Strike Price USD 40.18,
Expires 9/08/10, Broker JPMorgan
Chase Securities

 

 

36,500

 

 

(9,745

)

 

 

 

 

 

 

 

 

Options Written

 

Contracts

 

Value

 

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

 

 

 

 

 

 

 

Credit Suisse Group AG, Strike Price CHF
45.42, Expires 9/01/10, Broker
Citigroup Global Markets

 

 

69,400

 

$

(201,486

)

Crescent Point Energy Corp., Strike
Price CAD 38, Expires 8/23/10, Broker
Bank of Montreal

 

 

310

 

 

(13,569

)

Crescent Point Energy Corp., Strike
Price CAD 40, Expires 8/23/10, Broker
Bank of Montreal

 

 

840

 

 

(4,085

)

DBS Group Holdings Ltd., Strike Price
SGD 14, Expires 8/16/10, Broker
JPMorgan Chase Securities

 

 

250,000

 

 

(92,475

)

Deutsche Lufthansa AG, Strike Price EUR
11.93, Expires 8/05/10, Broker Morgan
Stanley & Co., Inc.

 

 

14,100

 

 

(10,657

)

Deutsche Lufthansa AG, Strike Price EUR
11.94, Expires 8/05/10, Broker Morgan
Stanley & Co., Inc.

 

 

96,200

 

 

(71,456

)

Deutsche Lufthansa AG, Strike Price EUR
12.25, Expires 9/14/10, Broker UBS
Securities LLC

 

 

177,400

 

 

(126,404

)

Deutsche Post AG, Strike Price EUR
12.50, Expires 8/06/10, Broker
Deutsche Bank Securities

 

 

74,800

 

 

(88,030

)

Deutsche Post AG, Strike Price EUR
12.71, Expires 8/05/10, Broker Morgan
Stanley & Co., Inc.

 

 

115,000

 

 

(105,032)

 

Deutsche Post AG, Strike Price EUR
12.95, Expires 8/06/10, Broker Credit
Suisse First Boston

 

 

130,000

 

 

(79,117)

 

Deutsche Telekom AG, Strike Price EUR
9.56, Expires 8/06/10, Broker
Deutsche Bank Securities

 

 

200,000

 

 

(194,440)

 

Deutsche Telekom AG, Strike Price EUR
9.79, Expires 8/06/10, Broker
Deutsche Bank Securities

 

 

155,100

 

 

(104,364)

 

E.ON AG, Strike Price EUR 22.21, Expires
9/01/10, Broker Credit Suisse First
Boston

 

 

159,300

 

 

(205,049)

 

Eldorado Gold Corp., Strike Price CAD
17, Expires 8/23/10, Broker Bank of
Montreal

 

 

1,320

 

 

(54,569)

 

Eldorado Gold Corp., Strike Price CAD
17, Expires 9/20/10, Broker Bank of
Montreal

 

 

1,320

 

 

(98,225)

 

Enbridge, Inc., Strike Price CAD 50,
Expires 8/23/10, Broker National
Financial Services

 

 

300

 

 

(18,238)

 

Enbridge, Inc., Strike Price CAD 52,
Expires 8/23/10, Broker TD Securities

 

 

490

 

 

(4,528)

 

Erste Group Bank AG, Strike Price EUR
26.52, Expires 8/05/10, Broker Morgan
Stanley & Co., Inc.

 

 

76,600

 

 

(418,816)

 

FirstGroup Plc, Strike Price GBP 3.79,
Expires 9/14/10, Broker UBS Securities
LLC

 

 

763,100

 

 

(113,074)

 

FLSmidth & Co. A/S, Strike Price DKK
405.96, Expires 8/11/10, Broker UBS
Securities LLC

 

 

84,000

 

 

(134,792)

 

Fomento Economico Mexicano SAB de CV
- ADR, Strike Price USD 48.52, Expires
9/09/10, Broker Credit Suisse First
Boston

 

 

36,000

 

 

(43,794)

 

 

 

 

 
       

 

 

    JULY 31, 2010

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)

 

 

 

 

 

 

 

Fomento Economico Mexicano SAB de CV
- ADR, Strike Price USD 48.52, Expires
9/24/10, Broker Credit Suisse First
Boston

 

 

36,000

 

$

(54,299

)

Fondiaria-Sai SpA, Strike Price EUR 8.75,
Expires 8/04/10, Broker Goldman
Sachs & Co.

 

 

158,600

 

 

(1,017

)

Fortum Oyj, Strike Price EUR 18.25,
Expires 8/11/10, Broker Citigroup
Global Markets

 

 

145,000

 

 

(35,528

)

Fresenius Medical Care AG & Co. KGaA,
Strike Price EUR 43.11, Expires
9/01/10, Broker Morgan Stanley & Co.,
Inc.

 

 

65,000

 

 

(43,410

)

Fresenius Medical Care AG & Co. KGaA,
Strike Price EUR 44.38, Expires
8/10/10, Broker Morgan Stanley & Co.,
Inc.

 

 

28,400

 

 

(78

)

GAM Holding AG, Strike Price CHF 12.05,
Expires 9/01/10, Broker UBS Securities
LLC

 

 

216,000

 

 

(100,890

)

GAM Holding AG, Strike Price CHF 12.67,
Expires 8/04/10, Broker UBS Securities
LLC

 

 

124,300

 

 

(2,674

)

GDF Suez, Strike Price EUR 26.35,
Expires 8/05/10, Broker Credit Suisse
First Boston

 

 

122,300

 

 

(9,109

)

Givaudan SA, Strike Price CHF 972.63,
Expires 9/01/10, Broker UBS Securities
LLC

 

 

3,400

 

 

(54,639

)

GKN Plc, Strike Price GBP 1.20, Expires
8/11/10, Broker Credit Suisse First
Boston

 

 

1,250,000

 

 

(308,249

)

GKN Plc, Strike Price GBP 1.30, Expires
8/05/10, Broker Morgan Stanley & Co.,
Inc.

 

 

414,200

 

 

(44,874

)

GlaxoSmithKline Plc, Strike Price GBP
11.49, Expires 8/11/10, Broker
Goldman Sachs & Co.

 

 

260,000

 

 

(11,443

)

Grupo Mexico SAB de CV, Series B, Strike
Price MXN 33.96, Expires 9/02/10,
Broker Morgan Stanley & Co., Inc.

 

 

1,311,200

 

 

(142,473

)

Hon Hai Precision Ind. Co. Ltd., Strike
Price TWD 125.74, Expires 8/16/10,
Broker JPMorgan Chase Securities

 

 

472,000

 

 

(85,810

)

Hon Hai Precision Ind. Co. Ltd., Strike
Price TWD 130.43, Expires 9/27/10,
Broker Credit Suisse First Boston

 

 

117,000

 

 

(24,892

)

Honda Motor Co. Ltd., Strike Price JPY
2,715.38, Expires 8/16/10, Broker
Banc of America Securities

 

 

144,000

 

 

(135,315

)

Honda Motor Co. Ltd., Strike Price JPY
2,747.24, Expires 9/27/10, Broker
Goldman Sachs & Co.

 

 

43,000

 

 

(61,463

)

Hoya Corp., Strike Price JPY 1,951,09,
Expires 8/16/10, Broker Morgan
Stanley & Co., Inc.

 

 

136,900

 

 

(192,992

)

HSBC Holdings Plc, Strike Price GBP
6.50, Expires 9/01/10, Broker
Citigroup Global Markets

 

 

889,500

 

 

(222,942

)

Hypermarcas SA, Strike Price BRL 23.33,
Expires 9/02/10, Broker Morgan
Stanley & Co., Inc.

 

 

253,000

 

 

(148,258

)

Imperial Tobacco Group Plc, Strike Price
GBP 19.47, Expires 9/01/10, Broker
Morgan Stanley & Co., Inc.

 

 

237,000

 

 

(10,402

)

 

 

 

 

 

 

 

 

Options Written

 

Contracts

 

Value

 

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

 

 

 

 

 

 

 

Inchcape Plc, Strike Price GBP 2.90,
Expires 9/01/10, Broker Morgan
Stanley & Co., Inc.

 

 

610,000

 

$

(229,323

)

Inditex SA, Strike Price EUR 50.85,
Expires 9/14/10, Broker UBS Securities
LLC

 

 

44,000

 

 

(103,452

)

ING Groep NV, Strike Price EUR 7.05,
Expires 8/05/10, Broker Credit Suisse
First Boston

 

 

390,000

 

 

(161,331

)

Intercontinental Hotels Group Plc, Strike
Price GBP 11.43, Expires 8/11/10,
Broker Goldman Sachs & Co.

 

 

176,000

 

 

(33,081

)

Intercontinental Hotels Group Plc, Strike
Price GBP 11.66, Expires 9/01/10,
Broker UBS Securities LLC

 

 

89,000

 

 

(26,794

)

Intesa Sanpaolo SpA, Strike Price EUR
2.27, Expires 8/11/10, Broker Morgan
Stanley & Co., Inc.

 

 

793,500

 

 

(272,060

)

Intesa Sanpaolo SpA, Strike Price EUR
2.44, Expires 9/14/10, Broker UBS
Securities LLC

 

 

322,300

 

 

(73,915

)

ITOCHU Corp., Strike Price JPY 719.90,
Expires 8/16/10, Broker Goldman
Sachs & Co.

 

 

496,000

 

 

(28,534

)

Japan Tobacco, Inc., Strike Price JPY
287,232, Expires 8/16/10, Broker
Morgan Stanley & Co., Inc.

 

 

1,340

 

 

(50,324

)

JSR Corp., Strike Price JPY 1,526.80,
Expires 9/27/10, Broker Goldman
Sachs & Co.

 

 

171,000

 

 

(142,765

)

Julius Baer Group Ltd., Strike Price CHF
33.26, Expires 8/05/10, Broker
Deutsche Bank Securities

 

 

61,000

 

 

(188,543

)

Julius Baer Group Ltd., Strike Price CHF
34.33, Expires 8/05/10, Broker
Citigroup Global Markets

 

 

34,000

 

 

(68,725

)

Kazakhmys Plc, Strike Price GBP 13,
Expires 9/01/10, Broker Morgan
Stanley & Co., Inc.

 

 

65,000

 

 

(29,077

)

KDDI Corp., Strike Price JPY 431,784.90,
Expires 8/16/10, Broker Deutsche
Bank Securities

 

 

425

 

 

(18,682

)

Konica Minolta Holdings, Inc., Strike
Price JPY 900.67, Expires 8/16/10,
Broker Morgan Stanley & Co., Inc.

 

 

302,000

 

 

(116,062

)

Koninklijke (Royal) KPN NV, Strike Price
EUR 11.04, Expires 9/01/10, Broker
Credit Suisse First Boston

 

 

207,500

 

 

(22,239

)

Koninklijke (Royal) Philips Electronics
NV, Strike Price EUR 25.51, Expires
8/10/10, Broker Citigroup Global
Markets

 

 

51,900

 

 

(3,236

)

Marubeni Corp., Strike Price JPY 485.52,
Expires 8/16/10, Broker Morgan
Stanley & Co., Inc.

 

 

840,000

 

 

(44,869

)

Matsui Securities Co. Ltd., Strike Price
JPY 524.10, Expires 9/27/10, Broker
Deutsche Bank Securities

 

 

333,000

 

 

(76,284

)

Mega Financial Holdings Co., Strike Price
TWD 17.95, Expires 8/16/10, Broker
JPMorgan Chase Securities

 

 

2,000,000

 

 

(75,460

)

Mega Financial Holdings Co., Strike Price
TWD 19.23, Expires 9/27/10, Broker
Credit Suisse First Boston

 

 

2,687,000

 

 

(50,462

)


 

 

 

 

 

 

 

 

5

 

    JULY 31, 2010

 


 

 

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)

 

 

 

 

 

 

 

Melco Crown Entertainment Ltd. - ADR,
Strike Price USD 3.78, Expires
8/03/10, Broker Credit Suisse First
Boston

 

 

185,000

 

$

(34,663

)

Melco Crown Entertainment Ltd. - ADR,
Strike Price USD 4.34, Expires
8/27/10, Broker Credit Suisse First
Boston

 

 

440,000

 

 

(98,212

)

Merck KGaA, Strike Price EUR 62.27,
Expires 8/10/10, Broker Morgan
Stanley & Co., Inc.

 

 

39,400

 

 

(323,199

)

Merck KGaA, Strike Price EUR 68.47,
Expires 9/01/10, Broker Morgan
Stanley & Co., Inc.

 

 

24,600

 

 

(48,320

)

Mitsubishi UFJ Financial Group, Inc.,
Strike Price JPY 415.11, Expires
8/16/10, Broker Morgan Stanley & Co.,
Inc.

 

 

645,500

 

 

(131,051

)

MTN Group Ltd., Strike Price ZAR
110.55, Expires 9/01/10, Broker UBS
Securities LLC

 

 

173,000

 

 

(216,049

)

Naspers Ltd., Strike Price ZAR 314.56,
Expires 9/01/10, Broker UBS Securities
LLC

 

 

63,000

 

 

(112,835

)

National Grid Plc, Strike Price GBP 5,
Expires 9/01/10, Broker UBS Securities
LLC

 

 

520,000

 

 

(110,326

)

Nestle SA, Strike Price CHF 52.82,
Expires 9/01/10, Broker UBS Securities
LLC

 

 

25,600

 

 

(11,152

)

Nestle SA, Strike Price CHF 53.85,
Expires 9/01/10, Broker Credit Suisse
First Boston

 

 

99,900

 

 

(20,383

)

Nestle SA, Strike Price CHF 54.62,
Expires 8/06/10, Broker Morgan
Stanley & Co., Inc.

 

 

44,000

 

 

(59

)

New World Development Ltd., Strike
Price HKD 14.41, Expires 9/27/10,
Broker Credit Suisse First Boston

 

 

1,473,000

 

 

(88,796

)

Next Plc, Strike Price GBP 21.16, Expires
9/01/10, Broker UBS Securities LLC

 

 

78,500

 

 

(102,501

)

Niko Resources Ltd., Strike Price CAD
105, Expires 8/23/10, Broker TD
Securities

 

 

280

 

 

(181,800

)

Nikon Corp., Strike Price JPY 1,655.38,
Expires 8/16/10, Broker Morgan
Stanley & Co., Inc.

 

 

159,900

 

 

(18,235

)

Nippon Yusen KK, Strike Price JPY
367.43, Expires 8/25/10, Broker
Goldman Sachs & Co.

 

 

967,000

 

 

(146,738

)

Nobel Biocare Holding AG, Strike Price
CHF 17.93, Expires 9/01/10, Broker
Credit Suisse First Boston

 

 

45,500

 

 

(28,309

)

Nomura Holdings, Inc., Strike Price JPY
509.34, Expires 8/16/10, Broker
Morgan Stanley & Co., Inc.

 

 

495,000

 

 

(21,041

)

Nordea Bank AB, Strike Price SEK 65.83,
Expires 8/11/10, Broker UBS Securities
LLC

 

 

318,700

 

 

(275,977

)

Novartis AG, Registered Shares, Strike
Price CHF 53.83, Expires 8/10/10,
Broker Deutsche Bank Securities

 

 

96,200

 

 

(1,380

)

NSK Ltd., Strike Price JPY 664.07,
Expires 8/16/10, Broker Banc of
America Securities

 

 

954,000

 

 

(54,319

)

 

 

 

 

 

 

 

 

Options Written

 

Contracts

 

Value

 

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

 

 

 

 

 

 

 

NTT Data Corp., Strike Price JPY
319,518.96, Expires 9/27/10, Broker
Morgan Stanley & Co., Inc.

 

 

240

 

$

(51,381

)

NTT Data Corp., Strike Price JPY
351,083, Expires 8/16/10, Broker
Morgan Stanley & Co., Inc.

 

 

770

 

 

(15,225

)

Orient Overseas International Ltd.,
Strike Price HKD 60.30, Expires
9/27/10, Broker Morgan Stanley & Co.,
Inc.

 

 

342,000

 

 

(200,252

)

Pacific Rubiales Energy Corp., Strike
Price CAD 26, Expires 8/23/10, Broker
TD Securities

 

 

1,145

 

 

(36,197

)

Panasonic Corp., Strike Price JPY
1,149.64, Expires 9/27/10, Broker
Deutsche Bank Securities

 

 

189,000

 

 

(141,462

)

Paramalat SpA, Strike Price EUR 1.99,
Expires 9/01/10, Broker Morgan
Stanley & Co., Inc.

 

 

898,500

 

 

(7,044

)

PartyGaming Plc, Strike Price GBP 2.38,
Expires 9/14/10, Broker Morgan
Stanley & Co., Inc.

 

 

148,000

 

 

(154,271

)

PartyGaming Plc, Strike Price GBP 2.43,
Expires 9/01/10, Broker UBS Securities
LLC

 

 

148,000

 

 

(140,686

)

Philippine Long Distance Telephone Co. -
ADR, Strike Price USD 52.17, Expires
8/27/10, Broker Citigroup Global
Markets

 

 

35,000

 

 

(68,109

)

Royal Bank of Canada, Strike Price CAD
55.03, Expires 8/16/10, Broker Morgan
Stanley & Co., Inc.

 

 

66,000

 

 

(27,313

)

Royal Bank of Scotland Group Plc, Strike
Price GBP 0.46, Expires 9/01/10,
Broker Credit Suisse First Boston

 

 

5,200,000

 

 

(353,300

)

Royal Dutch Shell Plc - ADR, Strike Price
USD 55.31, Expires 8/18/10, Broker
UBS Securities LLC

 

 

35,000

 

 

(33,641

)

Royal Dutch Shell Plc - ADR, Strike Price
USD 55.67, Expires 8/04/10, Broker
Citigroup Global Markets

 

 

160,000

 

 

(52,354

)

RWE AG, Strike Price EUR 55.89, Expires
8/05/10, Broker Citigroup Global
Markets

 

 

25,000

 

 

(2,825

)

RWE AG, Strike Price EUR 59.81, Expires
8/04/10, Broker Credit Suisse First
Boston

 

 

78,700

 

 

(34

)

Samsung Electronics Co. Ltd., Strike
Price KRW 809,029.46, Expires
8/16/10, Broker Morgan Stanley & Co.,
Inc.

 

 

5,000

 

 

(78,551

)

Siemens AG, Strike Price EUR 79.72,
Expires 8/04/10, Broker Credit Suisse
First Boston

 

 

63,200

 

 

(1,544

)

Siliconware Precision Industries Co. -
ADR, Strike Price USD 4.99, Expires
9/08/10, Broker Morgan Stanley & Co.,
Inc.

 

 

80,000

 

 

(15,200

)

Siliconware Precision Industries Co. -
ADR, Strike Price USD 5.76, Expires
8/09/10, Broker Credit Suisse First
Boston

 

 

166,500

 

 

(143

)

Siliconware Precision Industries Co. -
ADR, Strike Price USD 5.82, Expires
8/09/10, Broker Credit Suisse First
Boston

 

 

105,000

 

 

(55

)


 

 

 

 
       

 

 

    JULY 31, 2010

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—(continued)

 

 

 

 

 

 

 

Singapore Telecommunications Ltd.,
Strike Price SGD 3.11, Expires
9/27/10, Broker Morgan Stanley & Co.,
Inc.

 

 

2,042,000

 

$

(159,579

)

Societe Generale, Strike Price EUR
39.01, Expires 9/01/10, Broker
Deutsche Bank Securities

 

 

15,700

 

 

(112,331

)

Societe Generale, Strike Price EUR
45.54, Expires 9/28/10, Broker Morgan
Stanley & Co., Inc.

 

 

42,900

 

 

(127,651

)

Software AG, Strike Price EUR 91.05,
Expires 8/05/10, Broker Credit Suisse
First Boston

 

 

14,200

 

 

(2,976

)

Straits Asia Resources Ltd., Strike Price
SGD 2.06, Expires 9/27/10, Broker
Morgan Stanley & Co., Inc.

 

 

2,639,000

 

 

(214,533

)

Sumitomo Heavy Industries Ltd., Strike
Price JPY 524.22, Expires 9/27/10,
Broker Deutsche Bank Securities

 

 

586,000

 

 

(194,966

)

Sumitomo Mitsui Financial Group, Inc.,
Strike Price JPY 2,666.14, Expires
8/16/10, Broker Goldman Sachs & Co.

 

 

103,000

 

 

(74,046

)

Svenska Cellulosa AB, B Shares, Strike
Price SEK 92.97, Expires 8/11/10,
Broker UBS Securities LLC

 

 

298,000

 

 

(461,713

)

Swiss Life Holding AG, Strike Price CHF
112.38, Expires 9/01/10, Broker UBS
Securities LLC

 

 

16,700

 

 

(41,780

)

Swiss Reinsurance Co. Ltd., Strike Price
CHF 50.32, Expires 8/04/10, Broker
UBS Securities LLC

 

 

55,600

 

 

(1,855

)

Swisscom AG, Registered Shares, Strike
Price CHF 390, Expires 8/20/10,
Broker Deutsche Bank Securities

 

 

640

 

 

(33,966

)

Syngenta AG, Registered Shares, Strike
Price CHF 245.14, Expires 9/01/10,
Broker Credit Suisse First Boston

 

 

8,400

 

 

(12,346

)

T&D Holdings, Inc., Strike Price JPY
1,860.55, Expires 9/27/10, Broker
Deutsche Bank Securities

 

 

148,000

 

 

(198,707

)

Telecom Italia SpA, Strike Price EUR
0.92, Expires 8/11/10, Broker UBS
Securities LLC

 

 

1,600,000

 

 

(115,677

)

Telefonica SA, Strike Price EUR 16.56,
Expires 9/14/10, Broker Citigroup
Global Markets

 

 

186,400

 

 

(212,760

)

Tesco Plc, Strike Price GBP 4.02, Expires
9/14/10, Broker UBS Securities LLC

 

 

629,400

 

 

(51,079

)

Teva Pharmaceutical Ltd. - ADR, Strike
Price USD 56.42, Expires 8/31/10,
Broker UBS Securities LLC

 

 

32,000

 

 

(6,610

)

Tokio Marine Holdings, Inc., Strike Price
JPY 2,474.35, Expires 8/16/10, Broker
Goldman Sachs & Co.

 

 

124,000

 

 

(25,205

)

Toronto-Dominion Bank (The), Strike
Price CAD 72, Expires 8/23/10, Broker
TD Securities

 

 

460

 

 

(82,107

)

Total SA, Strike Price EUR 39.27, Expires
8/05/10, Broker Deutsche Bank
Securities

 

 

152,000

 

 

(43,982

)

TransCanada Corp., Strike Price CAD
37.05, Expires 8/04/10, Broker Morgan
Stanley & Co., Inc.

 

 

50,000

 

 

(575

)

TransCanada Corp., Strike Price CAD 38,
Expires 8/23/10, Broker Bank of
Montreal

 

 

467

 

 

(2,498

)

 

 

 

 

 

 

 

 

Options Written

 

Contracts

 

Value

 

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

 

 

 

 

 

 

 

TrygVesta AS, Strike Price DKK 341.38,
Expires 9/01/10, Broker Citigroup
Global Markets

 

 

39,300

 

$

(73,629

)

Tullow Oil Plc, Strike Price GBP 11.40,
Expires 8/11/10, Broker UBS Securities
LLC

 

 

107,600

 

 

(154,820

)

Tullow Oil Plc, Strike Price GBP 11.48,
Expires 8/05/10, Broker Citigroup
Global Markets

 

 

210,000

 

 

(273,754

)

Tyco Electronics Ltd., Strike Price USD
28.01, Expires 8/05/10, Broker UBS
Securities LLC

 

 

133,500

 

 

(13,857

)

UBS AG, Strike Price CHF 15.83, Expires
9/01/10, Broker Credit Suisse First
Boston

 

 

143,500

 

 

(275,702

)

Unibail-Rodamco SE - REIT, Strike Price
EUR 140.24, Expires 8/05/10, Broker
Citigroup Global Markets

 

 

21,000

 

 

(302,571

)

UniCredit SpA, Strike Price EUR 2.21,
Expires 9/01/10, Broker UBS Securities
LLC

 

 

761,500

 

 

(49,211

)

Unilever Plc, Strike Price GBP 19.39,
Expires 9/14/10, Broker Morgan
Stanley & Co., Inc.

 

 

156,600

 

 

(18,521

)

Vedanta Resources Plc, Strike Price GBP
24.59, Expires 9/14/10, Broker Morgan
Stanley & Co., Inc.

 

 

120,200

 

 

(216,582

)

VimpelCom Ltd. - ADR, Strike Price USD
16.23, Expires 8/03/10, Broker Morgan
Stanley & Co., Inc.

 

 

55,500

 

 

(9,543

)

VimpelCom Ltd. - ADR, Strike Price USD
17.11, Expires 8/10/10, Broker Morgan
Stanley & Co., Inc.

 

 

72,000

 

 

(2,804

)

Vivendi SA, Strike Price EUR 17.52,
Expires 8/10/10, Broker Citigroup
Global Markets

 

 

132,000

 

 

(154,154

)

Volkswagon AG, Preference Shares,
Strike Price EUR 76.05, Expires
8/05/10, Broker Credit Suisse First
Boston

 

 

46,400

 

 

(335,197

)

Want Want China Holdings Ltd., Strike
Price HKD 6.29, Expires 9/27/10,
Broker Credit Suisse First Boston

 

 

415,000

 

 

(17,695

)

Want Want China Holdings Ltd., Strike
Price HKD 6.57, Expires 8/25/10,
Broker Deutsche Bank Securities

 

 

2,775,000

 

 

(41,850

)

WPP Plc, Strike Price GBP 6.55, Expires
8/11/10, Broker Morgan Stanley & Co.,
Inc.

 

 

398,000

 

 

(166,079

)

WPP Plc, Strike Price GBP 6.65, Expires
9/14/10, Broker Morgan Stanley & Co.,
Inc.

 

 

200,000

 

 

(91,653

)

Zurich Financial Services AG, Strike
Price CHF 247.45, Expires 9/28/10,
Broker Credit Suisse First Boston

 

 

8,000

 

 

(37,864

)

 

 

 

 

 

 

Total Over-the-Counter Call Options Written—(1.8)%

 

 

 

 

 

(19,471,376

)

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

 

 

 

 

 

 

 

Anglo American Plc, Strike Price GBP 24,
Expires 8/20/10, Broker Morgan
Stanley & Co., Inc.

 

 

54

 

 

(39,742

)

China Merchants Bank Co. Ltd., Class H,
Strike Price HKD 27.74, Expires
8/25/10, Broker Credit Suisse First
Boston

 

 

1,870,000

 

 

(104,379

)


 

 

 

 

 

 

 

 

7

 

    JULY 31, 2010

 


 

 

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 Put Options Written—(concluded)

 

 

 

 

 

 

 

GKN Plc, Strike Price GBP 1.15, Expires
8/11/10, Broker Credit Suisse First
Boston

 

 

840,000

 

$

(2,443

)

Kazakhmys Plc, Strike Price GBP 11,
Expires 9/01/10, Broker Morgan
Stanley & Co., Inc.

 

 

124,500

 

 

(41,092

)

Rio Tinto Plc, Strike Price GBP 32,
Expires 8/20/10, Broker Morgan
Stanley & Co., Inc.

 

 

41

 

 

(60,233

)

Xstrata Plc, Strike Price GBP 9.80,
Expires 8/20/10, Broker Morgan
Stanley & Co., Inc.

 

 

136

 

 

(66,474

)

Total Over-the-Counter Put Options Written

 

 

 

 

 

(314,363

)

Total Options Written
(Premiums Received $20,425,418)—(2.0)%

 

 

 

 

 

(21,817,770

)

Total Investments Net of Outstanding Options Written—98.2%

 

 

1,070,947,473

 

Other Assets Less Liabilities—1.8%

 

 

 

 

 

19,878,634

 

 

 

 

 

 

 

Net Assets—100.0%

 

 

 

 

$

1,090,826,107

 

 

 

 

 

 

 

 

 

*

The cost and unrealized appreciation (depreciation) of investments as of July 31, 2010, as computed for federal income tax purposes, were as follows:

 

 

 

 

 

Aggregate cost

 

$

1,169,596,180

 

 

 

 

Gross unrealized appreciation

 

$

36,748,332

 

Gross unrealized depreciation

 

 

(113,579,269

)

 

 

 

Net unrealized depreciation

 

$

(76,830,937

)

 

 

 

 

 

(a)

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

 

 

(b)

Non-income producing security.

 

 

(c)

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, as amended, were as follows:


 

 

 

 

 

 

 

 

 

 

 

 

 

 

Affiliate

 

Shares/
Beneficial
Interest
Held at
October
31, 2009

 

Net Activity

 

Shares/
Beneficial
Interest
Held at
July 31,
2010

 

Income

 

BlackRock Liquidity Funds, TempFund, Institutional Class

 

 

73,117,275

 

 

(6,325,259

)

 

66,792,016

 

$

44,150

 

BlackRock Liquidity Series, LLC Money Market Series

 

 

4,855,000

 

 

(4,855,000

)

 

—

 

$

5,175

 

 

 

(d)

Represents current yield as of report date.

Foreign currency exchange contracts as of July 31, 2010 were as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

Currency
Purchased

 

Currency
Sold

 

Counterparty

 

Settlement
Date

 

Unrealized
Appreciation
(Depreciation)

 

GBP

 

261,000

USD

408,126

 

Citigroup
Global
Markets

 

8/02/10

 

$

1,421

 

HKD

 

11,888,000

USD

1,530,893

 

Deutsche
Bank
Securities

 

8/02/10

 

 

(414

)

USD

 

5,412,272

CHF

5,645,000

 

Citigroup
Global
Markets

 

8/02/10

 

 

(6,754

)

USD

 

228,659

JPY

20,005,000

 

Deutsche
Bank
Securities

 

8/02/10

 

 

(2,894

)

CHF

 

3,691,000

USD

3,538,891

 

Citigroup
Global
Markets

 

8/03/10

 

 

4,471

 

CHF

 

1,322,000

USD

1,270,555

 

Deutsche
Bank
Securities

 

8/03/10

 

 

(1,435

)

EUR

 

524,000

USD

685,131

 

Citigroup
Global
Markets

 

8/03/10

 

 

(2,280

)

EUR

 

458,000

USD

599,338

 

Deutsche
Bank
Securities

 

8/03/10

 

 

(2,495

)

GBP

 

778,000

USD

1,215,387

 

Deutsche
Bank
Securities

 

8/03/10

 

 

5,390

 

HKD

 

10,040,000

USD

1,292,798

 

Citigroup
Global
Markets

 

8/03/10

 

 

(206

)

USD

 

785,529

CAD

814,000

 

Citigroup
Global
Markets

 

8/03/10

 

 

(6,232

)

USD

 

95,571

EUR

73,000

 

UBS
Securities LLC

 

8/03/10

 

 

441

 

USD

 

177,702

JPY

15,476,000

 

Deutsche
Bank
Securities

 

8/03/10

 

 

(1,433

)

GBP

 

1,884,000

USD

2,958,634

 

Citigroup
Global
Markets

 

8/04/10

 

 

(2,421

)

JPY

 

160,919,000

USD

1,866,390

 

Deutsche
Bank
Securities

 

8/04/10

 

 

(3,730

)

USD

 

512,196

CAD

531,000

 

Royal Bank of
Scotland

 

8/04/10

 

 

(4,290

)

ZAR

 

2,031,000

USD

278,088

 

Deutsche
Bank
Securities

 

8/04/10

 

 

115

 

 

Total

 

 

 

 

 

 

 

 

 

$

(22,746

)

 

 

 

 

 

 

 

 

 

 

 

 

 

•

Fair Value Measurements — Various inputs are used in determining the fair value of investments and derivatives, which are as follows:



 

 

 

 
       

 

 

    JULY 31, 2010

8


 

 

Schedule of Investments (concluded)

BlackRock International Growth and Income Trust (BGY)

 

(Percentages shown are based on Net Assets)

 

 

 

 

•

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

 

 

 

 

•

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

 

 

 

 

•

Level 3 — unobservable inputs based on the best information available In the circumstances, to the extent observable inputs are not available (including the Trust’s own assumptions used in determining the fair value of investments and derivatives)

 

 

 

 

The inputs or methodologies 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.

The following tables summarize the inputs used as of July 31, 2010 in determining the fair valuation of the Trust’s investments and derivatives:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Valuation Inputs

 

 

 

Level 1

 

Level 2

 

Level 3

 

Total

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

Investments in Securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

Common Stocks:

 

 

 

 

 

 

 

 

 

 

 

 

 

Austria

 

 

—

 

$

5,106,823

 

 

—

 

$

5,106,823

 

Belgium

 

 

—

 

 

6,881,251

 

 

—

 

 

6,881,251

 

Brazil

 

$

15,295,485

 

 

—

 

 

—

 

 

15,295,485

 

Canada

 

 

124,010,032

 

 

—

 

 

—

 

 

124,010,032

 

China

 

 

817,663

 

 

17,620,498

 

 

—

 

 

18,438,161

 

Denmark

 

 

—

 

 

13,944,057

 

 

—

 

 

13,944,057

 

Finland

 

 

—

 

 

5,613,479

 

 

—

 

 

5,613,479

 

France

 

 

—

 

 

49,707,093

 

 

—

 

 

49,707,093

 

Germany

 

 

14,540,721

 

 

84,749,604

 

 

—

 

 

99,290,325

 

Gibraltar

 

 

—

 

 

2,318,141

 

 

—

 

 

2,318,141

 

Hong Kong

 

 

8,507,448

 

 

31,312,009

 

 

—

 

 

39,819,457

 

Indonesia

 

 

—

 

 

7,348,197

 

 

—

 

 

7,348,197

 

Ireland

 

 

1,362,180

 

 

—

 

 

—

 

 

1,362,180

 

Israel

 

 

2,344,800

 

 

—

 

 

—

 

 

2,344,800

 

Italy

 

 

—

 

 

18,169,835

 

 

—

 

 

18,169,835

 

Japan

 

 

—

 

 

139,764,130

 

 

—

 

 

139,764,130

 

Luxembourg

 

 

—

 

 

8,324,164

 

 

—

 

 

8,324,164

 

Malaysia

 

 

—

 

 

9,854,615

 

 

—

 

 

9,854,615

 

Mexico

 

 

11,660,059

 

 

—

 

 

—

 

 

11,660,059

 

Netherlands

 

 

4,434,689

 

 

19,731,142

 

 

—

 

 

24,165,831

 

Philippines

 

 

3,646,230

 

 

—

 

 

—

 

 

3,646,230

 

Singapore

 

 

—

 

 

22,053,507

 

 

—

 

 

22,053,507

 

South Africa

 

 

5,462,096

 

 

9,091,821

 

 

—

 

 

14,553,917

 

South Korea

 

 

—

 

 

8,228,827

 

 

—

 

 

8,228,827

 

Spain

 

 

—

 

 

25,457,976

 

 

—

 

 

25,457,976

 

Sweden

 

 

—

 

 

12,464,115

 

 

—

 

 

12,464,115

 

Switzerland

 

 

8,119,188

 

 

65,746,832

 

 

—

 

 

73,866,020

 

Taiwan

 

 

23,790,205

 

 

8,610,513

 

 

—

 

 

32,400,718

 

Thailand

 

 

—

 

 

9,323,049

 

 

—

 

 

9,323,049

 

United Kingdom

 

 

38,905,877

 

 

174,196,521

 

 

—

 

 

213,102,398

 

United States

 

 

7,458,355

 

 

—

 

 

—

 

 

7,458,355

 

Short-Term Securities

 

 

66,792,016

 

 

—

 

 

—

 

 

66,792,016

 

 

 

Total

 

$

337,147,044

 

$

755,618,199

 

 

—

 

$

1,092,765,243

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Derivative Financial Instruments1

 

Valuation Inputs

 

Level 1

 

Level 2

 

Level 3

 

Total

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign currency exchange contracts

 

 

—

 

$

11,838

 

 

—

 

$

11,838

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity contracts

 

$

(2,716,185

)

 

(19,101,585

)

 

—

 

 

(21,817,770

)

Foreign currency exchange contracts

 

 

—

 

 

(34,584

)

 

—

 

 

(34,584

)

Total

 

$

(2,716,185

)

$

(19,124,331

)

 

—

 

$

(21,840,516

)

 

 

1

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


 

 

 

 

    KEY TO ABBREVIATIONS

 

 

 

ADR

—

American Depositary Receipt

BRL

—

Brazil Real

CAD

—

Canadian Dollar

CHF

—

Swiss Franc

DKK

—

Danish Krone

EUR

—

Euro

GBP

—

British Pound

HKD

—

Hong Kong Dollar

IDR

—

Indonesian Rupiah

JPY

—

Japanese Yen

KRW

—

South Korean Won

MXN

—

Mexican Peso

MYR

—

Malaysian Ringgit

REIT

—

Real Estate Investment Trust

SEK

—

Swedish Krona

SGD

—

Singapore Dollar

TWD

—

Taiwan Dollar

USD

—

U.S. Dollar

ZAR

—

South African Rand


 

 

 

 
       

9

 

    JULY 31, 2010

 


 

 

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 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 27, 2010

 

 

 

 

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 27, 2010

 

 

 

 

By:

/s/ Neal J. Andrews

 

 

 

  

 

 

 

Neal J. Andrews

 

 

Chief Financial Officer (principal financial officer) of
BlackRock International Growth and Income Trust

 

 

 

Date: September 27, 2010