BlackRock International Growth and Income Trust (BGY)

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: John M. Perlowski, 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: 10/31/2011

Date of reporting period: 07/31/2011


Item 1       Schedule of Investments


Schedule of Investments July 31, 2011 (Unaudited)    BlackRock International Growth and Income Trust (BGY)
   (Percentages shown are based on Net Assets)

 

     Shares      Value  

Common Stocks

     

Australia – 2.3%

     

Australia & New Zealand Banking Group Ltd.

     366,500       $ 8,377,167   

Lynas Corp. Ltd.(a)

     2,171,300         5,092,685   

Newcrest Mining Ltd.

     272,500         11,882,925   
     

 

 

 
        25,352,777   
     

 

 

 

Austria – 0.3%

     

Erste Group Bank AG

     74,700         3,571,448   
     

 

 

 

Belgium – 0.8%

     

Anheuser-Busch InBev NV

     155,000         8,920,993   
     

 

 

 

Bermuda – 0.6%

     

Seadrill Ltd.

     189,500         6,596,139   
     

 

 

 

Brazil – 2.6%

     

Banco Bradesco SA - ADR(b)

     517,300         9,947,679   

Banco Bradesco SA, Preference Shares

     203,300         3,865,827   

BM&FBOVESPA SA

     962,344         5,659,205   

Cia Energetica de Minas Gerais - ADR

     272,300         5,255,390   

HRT Participacoes em Petroleo SA(a)

     5,100         4,751,877   
     

 

 

 
        29,479,978   
     

 

 

 

British Virgin Islands – 0.1%

     

Arcos Dorados Holdings, Inc., Class A

     64,500         1,513,170   
     

 

 

 

Canada – 5.5%

     

Canadian National Railway Co.(b)

     139,900         10,472,914   

First Quantum Minerals Ltd.

     72,100         9,995,673   

Magna International, Inc., Class A

     68,200         3,326,114   

Manulife Financial Corp.

     359,500         5,711,665   

Petrominerales Ltd.

     186,100         5,936,813   

Quadra FNX Mining Ltd.(a)

     229,400         3,651,865   

Royal Bank of Canada

     92,300         4,965,430   

Suncor Energy, Inc.(b)

     131,100         5,010,642   

The Toronto-Dominion Bank

     68,300         5,467,860   

Trican Well Service Ltd.

     280,100         7,331,939   
     

 

 

 
        61,870,915   
     

 

 

 

China – 1.8%

     

China Construction Bank Corp., H Shares

     12,479,700         10,042,372   

China Merchants Bank Co. Ltd., H Shares

     2,363,900         5,602,655   

Lentuo International, Inc. - ADR(a)

     155,700         974,682   

Sinopharm Group Co. Ltd., H Shares

     266,400         775,676   

Tencent Holdings Ltd.

     121,200         3,146,426   
     

 

 

 
        20,541,811   
     

 

 

 

Denmark – 1.3%

     

Carlsberg A/S, Class B

     49,600         4,872,126   

FLSmidth & Co. A/S

     94,400         7,320,272   

Pandora A/S

     90,500         2,593,768   
     

 

 

 
        14,786,166   
     

 

 

 

France – 5.3%

     

BNP Paribas

     84,400         5,473,686   

Cap Gemini SA

     88,900         4,374,864   

Danone

     131,300         9,361,033   

GDF Suez

     183,160         5,989,526   

LVMH Moet Hennessy Louis Vuitton SA

     34,600         6,341,963   

Sanofi SA

     72,700         5,648,853   

Societe Generale

     130,500         6,459,725   

Technip SA

     102,600         11,234,323   

Unibail-Rodamco SE - REIT

     23,752         5,287,821   
     

 

 

 
        60,171,794   
     

 

 

 

Germany – 7.5%

     

BASF SE

     81,900         7,396,518   

Bayerische Motoren Werke AG

     88,800         8,877,538   

Continental AG(a)

     56,200         5,597,681   

Deutsche Bank AG

     146,400         8,049,491   

E.ON AG

     145,900         4,022,939   

Fresenius Medical Care AG & Co. KGaA

     110,000         8,442,198   

K+S AG

     104,100         8,305,867   

Kabel Deutschland Holding AG(a)

     133,900         7,536,874   

Merck KGaA

     76,208         8,133,400   

Metro AG

     78,100         4,311,127   

SAP AG - ADR(b)

     119,500         7,457,995   

Volkswagen AG, Preference Shares

     33,344         6,656,037   
     

 

 

 
        84,787,665   
     

 

 

 

Gibraltar – 0.1%

     

Bwin.Party Digital Entertainment Plc(a)

     423,699         936,553   
     

 

 

 

Hong Kong – 5.3%

     

AIA Group Ltd.(a)

     1,735,500         6,374,481   

Cheung Kong Holdings Ltd.

     349,000         5,321,147   

China Merchants Holdings International Co. Ltd.

     1,566,000         5,559,065   

China Mobile Ltd.

     603,500         6,004,131   

China Resources Enterprise Ltd.

     1,520,200         6,590,776   

China Unicom Hong Kong Ltd.

     2,266,000         4,526,159   

CNOOC Ltd. - ADR(b)

     23,000         5,113,130   

Hong Kong Exchanges and Clearing Ltd.

     242,500         5,002,636   

Melco Crown Entertainment Ltd. - ADR(a)(b)

     305,700         4,625,241   

New World Development Ltd.

     2,238,900         3,293,031   

Wharf Holdings Ltd.

     1,012,000         7,433,316   
     

 

 

 
        59,843,113   
     

 

 

 

India – 1.3%

     

HDFC Bank Ltd.

     615,000         6,772,024   

ICICI Bank Ltd.

     232,400         5,435,624   

Infosys Technologies Ltd. - ADR(b)

     46,500         2,893,230   
     

 

 

 
        15,100,878   
     

 

 

 

Indonesia – 0.5%

     

Adaro Energy Tbk PT

     17,527,800         5,434,758   
     

 

 

 

Ireland – 0.3%

     

WPP Plc

     318,600         3,610,857   
     

 

 

 

Italy – 0.6%

     

Saipem SpA

     132,600         6,909,879   
     

 

 

 

Japan – 13.8%

     

Bridgestone Corp.

     343,700         8,549,751   

The Chiba Bank Ltd.

     945,900         5,994,488   

Daikin Industries Ltd.

     208,500         7,396,459   

Daiwa Office Investment Corp.

     699         2,430,175   

Dena Co. Ltd.

     122,100         6,079,588   

IHI Corp.(a)

     5,000,600         13,474,048   

ITOCHU Corp.

     540,200         6,232,531   

Japan Prime Realty Investment(a)

     889         2,292,235   

Japan Tobacco, Inc.

     2,155         9,766,161   

JGC Corp.

     341,000         10,649,760   

Kubota Corp.

     898,400         8,153,957   

Marubeni Corp.

     856,800         6,429,058   

Mitsubishi Chemical Holdings Corp.

     677,400         5,280,183   

Mitsui Fudosan Co. Ltd.

     293,500         5,607,692   

ORIX Corp.

     57,600         6,213,456   

Sekisui Chemical Co. Ltd.

     603,000         5,571,311   

SMC Corp.

     40,400         7,429,924   

Softbank Corp.

     192,500         7,517,198   

 

         JULY 31, 2011   1


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

 

     Shares      Value  

Common Stocks

     

Japan (concluded)

     

Sumitomo Electric Industries Ltd.

     486,700       $ 7,265,645   

Sumitomo Mitsui Financial Group, Inc.

     160,300         5,042,871   

Teijin Ltd.

     1,044,900         4,668,288   

Toray Industries, Inc.

     827,700         6,436,497   

Yamato Holdings Co. Ltd.

     387,000         6,629,844   
     

 

 

 
        155,111,120   
     

 

 

 

Malaysia – 1.0%

     

CIMB Group Holdings Bhd

     4,231,200         11,776,375   
     

 

 

 

Mexico – 1.0%

     

Fomento Economico Mexicano SAB de CV - ADR

     105,300         7,620,561   

Grupo Modelo SAB de CV, Series C

     623,300         3,847,931   
     

 

 

 
        11,468,492   
     

 

 

 

Netherlands – 6.1%

     

Aegon NV(a)

     921,600         5,274,103   

ASML Holding NV

     157,400         5,607,222   

Corio NV - REIT

     16,300         993,782   

ING Groep NV(a)

     467,700         5,018,903   

Koninklijke DSM NV

     121,000         6,860,558   

Koninklijke KPN NV

     318,800         4,546,436   

Randstad Holding NV

     173,000         7,774,801   

Royal Dutch Shell Plc, Class A - ADR(b)

     354,400         26,069,664   

VimpelCom Ltd. - ADR(b)

     257,000         3,186,800   

Yandex NV(b)

     91,000         3,182,270   
     

 

 

 
        68,514,539   
     

 

 

 

Norway – 2.7%

     

Aker Solutions ASA

     272,600         4,770,443   

DnB NOR ASA

     354,300         5,152,270   

Norsk Hydro ASA

     853,600         6,076,369   

Storebrand ASA

     598,100         4,970,321   

Subsea 7 SA(a)

     361,700         9,524,816   
     

 

 

 
        30,494,219   
     

 

 

 

Russia – 0.6%

     

Lukoil OAO - ADR

     106,700         7,164,905   
     

 

 

 

Singapore – 1.3%

     

Singapore Telecommunications Ltd.

     2,251,100         6,272,102   

Straits Asia Resources Ltd.

     3,252,400         8,153,379   
     

 

 

 
        14,425,481   
     

 

 

 

South Africa – 1.0%

     

MTN Group Ltd.

     288,000         6,230,410   

Naspers Ltd., N Shares

     85,400         4,570,461   
     

 

 

 
        10,800,871   
     

 

 

 

South Korea – 4.8%

     

GS Engineering & Construction Corp.

     62,071         7,008,874   

Hyundai Engineering & Construction Co. Ltd.

     129,666         10,626,559   

Hyundai Marine & Fire Insurance Co. Ltd.

     301,600         9,659,913   

Kia Motors Corp.

     119,000         8,724,209   

KT Corp. - ADR

     280,400         5,540,704   

Samsung Electronics Co. Ltd.

     8,100         6,486,177   

Samsung Life Insurance Co. Ltd.

     62,400         5,909,046   
     

 

 

 
        53,955,482   
     

 

 

 

Spain – 1.0%

     

Telefonica SA

     522,200         11,639,649   
     

 

 

 

Switzerland – 4.8%

     

Adecco SA (a)

     97,800         5,877,023   

Cie Financiere Richemont SA

     87,600         5,657,590   

Julius Baer Group Ltd.(a)

     143,300         6,088,690   

Roche Holding AG

     64,300         11,538,372   

Swiss Reinsurance Co. Ltd.(a)

     140,800         7,926,876   

UBS AG(a)

     244,000         4,028,087   

Xstrata Plc

     602,000         12,701,161   
     

 

 

 
        53,817,799   
     

 

 

 

Taiwan – 3.0%

     

AU Optronics Corp. - ADR

     492,700         2,714,777   

Catcher Technology Co. Ltd.

     1,236,800         10,801,810   

Mega Financial Holding Co. Ltd.

     7,811,100         7,519,776   

Siliconware Precision Industries Co. - ADR

     860,200         4,240,786   

Taiwan Semiconductor Manufacturing Co. Ltd. - ADR(b)

     686,384         8,483,706   
     

 

 

 
        33,760,855   
     

 

 

 

Thailand – 1.2%

     

Bangkok Bank Public Co. Ltd.

     800,500         4,731,694   

Banpu Public Co. Ltd.

     346,700         8,481,081   
     

 

 

 
        13,212,775   
     

 

 

 

United Kingdom – 12.5%

     

Aegis Group Plc

     1,464,800         3,716,036   

Antofagasta Plc

     412,700         9,478,003   

Barclays Plc - ADR(b)

     497,800         7,247,968   

Barratt Development Plc(a)

     105,100         169,338   

Bellway Plc

     113,600         1,227,966   

BG Group Plc

     365,300         8,612,476   

Britvic Plc

     1,128,700         6,485,297   

Carnival Plc

     65,300         2,256,306   

Cookson Group Plc

     802,700         8,445,505   

GKN Plc

     1,067,400         3,918,328   

GlaxoSmithKline Plc

     311,100         6,935,988   

HSBC Holdings Plc

     1,994,000         19,440,070   

Imperial Tobacco Group Plc

     395,000         13,673,463   

Inchcape Plc

     837,120         5,332,782   

International Consolidated Airlines Group(a)

     2,420,400         9,399,187   

Kazakhmys Plc

     234,000         5,140,479   

National Grid Plc

     872,200         8,533,916   

Persimmon Plc

     50,300         379,589   

Shire Plc(b)

     30,700         3,192,800   

Taylor Wimpey Plc(a)

     2,185,100         1,261,452   

Tullow Oil Plc

     287,600         5,777,827   

Vodafone Group Plc - ADR(b)

     360,400         10,127,235   
     

 

 

 
        140,752,011   
     

 

 

 

United States – 0.9%

     

NII Holdings, Inc.(a)(b)

     128,100         5,425,035   

TE Connectivity Ltd.

     125,800         4,331,294   
     

 

 

 
        9,756,329   
     

 

 

 

Total Common Stocks – 91.9%

        1,036,079,796   
     

 

 

 

 

2        JULY 31, 2011    


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

 

     Shares      Value  

Exchange-Traded Funds – 0.5%

     

iShares MSCI EAFE Index Fund(b)(c)

     87,000       $ 5,102,550   
     

 

 

 

Total Long-Term Investments
(Cost – $989,888,787) – 92.4%

        1,041,182,346   
     

 

 

 

Short-Term Securities

     

BlackRock Liquidity Funds, TempFund, Institutional Class,

     

0.06%(c)(d)

     87,808,915         87,808,915   
     

 

 

 

Total Short-Term Securities
(Cost – $87,808,915) – 7.8%

        87,808,915   
     

 

 

 

Total Investments Before Outstanding Options Written
(Cost – $1,077,697,702*) – 100.2%

        1,128,991,261   
     

 

 

 
     Contracts         

Options Written

     

Exchange-Traded Call Options Written – (0.2)%

     

Banco Bradesco SA - ADR, Strike Price USD 19, Expires 8/22/11

     1,770         (129,210

Barclays Plc - ADR, Strike Price USD 15, Expires 8/22/11

     340         (21,250

Canadian National Railway Co., Strike Price USD 80, Expires 9/19/11

     160         (11,200

CNOOC Ltd. - ADR, Strike Price USD 240, Expires 8/22/11

     125         (15,938

Infosys Technologies Ltd. - ADR, Strike Price USD 62.50, Expires 8/22/11

     255         (39,525

iShares MSCI EAFE Index Fund, Strike Price USD 59, Expires 8/22/11

     870         (118,320

Melco Crown Entertainment Ltd. - ADR, Strike Price USD 11, Expires 8/22/11

     1,680         (705,600

NII Holdings, Inc.:

     

Strike Price USD 42, Expires 8/22/11

     355         (48,812

Strike Price USD 43, Expires 8/22/11

     355         (31,062

Royal Dutch Shell Plc, Class A - ADR:

     

Strike Price USD 70, Expires 8/22/11

     980         (362,600

Strike Price USD 75, Expires 9/19/11

     75         (9,000

SAP AG - ADR:

     

Strike Price USD 61.50, Expires 8/02/11

     160         (18,914

Strike Price USD 61, Expires 8/12/11

     340         (73,486

Strike Price USD 60, Expires 8/22/11

     160         (55,200

Strike Price USD 65, Expires 8/22/11

     30         (2,250

Shire Plc, Strike Price USD 95, Expires 8/22/11

     85         (79,475

Suncor Energy, Inc.:

     

Strike Price USD 41, Expires 8/22/11

     90         (2,880

Strike Price USD 40, Expires 8/22/11

     540         (29,700

Strike Price USD 41, Expires 9/19/11

     90         (7,155

Taiwan Semiconductor Manufacturing Co. Ltd. - ADR, Strike Price USD 12.50, Expires 8/22/11

     1,810         (54,300

VimpelCom Ltd. - ADR, Strike Price USD 13.50, Expires 8/22/11

     640         (4,326

Vodafone Group Plc - ADR:

     

Strike Price USD 27, Expires 8/22/11

     990         (133,650

Strike Price USD 26, Expires 8/29/11

     990         (207,900

Yandex NV:

     

Strike Price USD 34, Expires 8/22/11

     250         (60,625

Strike Price USD 36, Expires 8/22/11

     260         (36,400

Strike Price USD 38, Expires 9/19/11

     30         (4,725
     

 

 

 

Total Exchange-Traded Call Options Written

        (2,263,503
     

 

 

 

Over-the-Counter Call Options Written – (1.5)%

     

Adecco SA, Strike Price CHF 51.01, Expires 9/13/11, Broker Morgan Stanley & Co., Inc.

     53,800         (51,920

Aegis Group Plc:

     

Strike Price GBP 1.62, Expires 8/17/11, Broker Morgan Stanley & Co., Inc.

     650,000         (10,444

Strike Price GBP 1.56, Expires 9/13/11, Broker Morgan Stanley & Co., Inc.

     156,000         (12,090

Aegon NV:

     

Strike Price EUR 4.50, Expires 8/03/11, Broker UBS Securities LLC

     428,000         (972

Strike Price EUR 4.29, Expires 9/06/11, Broker Societe General Securities Corp.

     79,000         (7,643

AIA Group Ltd., Strike Price HKD 27.38, Expires 8/02/11, Broker BNP Paribas

     1,229,000         (201,686

Aker Solutions ASA:

     

Strike Price NOK 94.81, Expires 8/17/11, Broker Morgan Stanley & Co., Inc.

     44,000         (21,435

Strike Price NOK 96.54, Expires 9/06/11, Broker UBS Securities LLC

     96,500         (54,162

Anheuser-Busch InBev NV, Strike Price EUR 40.21, Expires 8/04/11, Broker Citigroup Global Markets, Inc.

     85,300         (42,212

Antofagasta Plc:

     

Strike Price GBP 14.26, Expires 8/17/11, Broker Morgan Stanley & Co., Inc.

     85,000         (47,517

Strike Price GBP 14.26, Expires 9/06/11, Broker Morgan Stanley & Co., Inc.

     85,000         (72,235

Strike Price GBP 14.37, Expires 9/13/11, Broker Morgan Stanley & Co., Inc.

     63,000         (53,464

ASML Holding NV, Strike Price EUR 26.19, Expires 9/21/11, Broker Citigroup Global Markets, Inc.

     87,000         (60,755

AU Optronics Corp. - ADR, Strike Price USD 7.73, Expires 8/03/11, Broker UBS Securities LLC

     129,000         (1

Australia & New Zealand Banking Group Ltd., Strike Price AUD 21.70, Expires 8/08/11, Broker Citigroup Global Markets, Inc.

     201,500         (13,289

Banco Bradesco SA - ADR:

     

Strike Price BRL 30.53, Expires 8/25/11, Broker Credit Suisse First Boston

     112,000         (23,756

Strike Price USD 19.79, Expires 8/29/11, Broker Goldman Sachs & Co.

     107,500         (40,989

 

         JULY 31, 2011   3


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

 

     Contracts      Value  

Options Written

     

Over-the-Counter Call Options Written (continued)

     

Barclays Plc - ADR:

     

Strike Price USD 16.93, Expires 8/05/11, Broker Credit Suisse First Boston

     120,000       $ (127

Strike Price USD 17.10, Expires 8/05/11, Broker Credit Suisse First Boston

     120,000         (73

BASF SE, Strike Price EUR 69.98, Expires 8/17/11, Broker Deutsche Bank Securities Corp.

     45,000         (3,797

Bayerische Motoren Werke AG:

     

Strike Price EUR 68.30, Expires 8/03/11, Broker Morgan Stanley & Co., Inc.

     6,000         (15,982

Strike Price EUR 72, Expires 8/19/11, Broker Morgan Stanley & Co., Inc.

     40         (7,048

Strike Price EUR 71.54, Expires 9/06/11, Broker Citigroup Global Markets, Inc.

     40,900         (109,503

Bellway Plc:

     

Strike Price GBP 7.09, Expires 8/03/11, Broker Citigroup Global Markets, Inc.

     35,000         (27

Strike Price GBP 7.21, Expires 8/17/11, Broker Citigroup Global Markets, Inc.

     27,500         (469

BG Group Plc:

     

Strike Price GBP 13.17, Expires 8/04/11, Broker Morgan Stanley & Co., Inc.

     151,000         (302,719

Strike Price GBP 14.42, Expires 9/06/11, Broker Societe General Securities Corp.

     50,500         (36,884

BM&FBOVESPA SA:

     

Strike Price BRL 10.55, Expires 8/11/11, Broker Credit Suisse First Boston

     443,500         (333

Strike Price BRL 10.04, Expires 9/14/11, Broker Credit Suisse First Boston

     86,000         (6,245

BNP Paribas, Strike Price EUR 47.65, Expires 9/13/11, Broker Citigroup Global Markets, Inc.

     46,500         (99,564

Bridgestone Corp., Strike Price JPY 1,835.17, Expires 8/16/11, Broker Morgan Stanley & Co., Inc.

     189,000         (219,056

Britvic Plc:

     

Strike Price GBP 3.83, Expires 9/06/11, Broker UBS Securities LLC

     399,300         (4,814

Strike Price GBP 3.71, Expires 9/13/11, Broker Morgan Stanley & Co., Inc.

     225,000         (8,618

Bwin.Party Digital Entertainment Plc:

     

Strike Price GBP 1.50, Expires 8/17/11, Broker Citigroup Global Markets, Inc.

     131,000         (6,959

Strike Price GBP 1.43, Expires 9/06/11, Broker UBS Securities LLC

     102,000         (14,702

Canadian National Railway Co., Strike Price USD 78.68, Expires 8/30/11, Broker Deutsche Bank Securities Corp.

     61,500         (28,967

Cap Gemini SA, Strike Price EUR 39.56, Expires 8/03/11, Broker Morgan Stanley & Co., Inc.

     48,900         (1

Carlsberg A/S, Class B, Strike Price DKK 556.03, Expires 8/03/11, Broker UBS Securities LLC

     27,300           

Catcher Technology Co. Ltd., Strike Price TWD 185.44, Expires 8/02/11, Broker Deutsche Bank Securities Corp.

     681,000         (1,570,148

Cheung Kong Holdings Ltd.:

     

Strike Price HKD 110.09, Expires 8/02/11, Broker Morgan Stanley & Co., Inc.

     190,000         (215,669

Strike Price HKD 111.10, Expires 8/16/11, Broker Morgan Stanley & Co., Inc.

     159,000         (160,132

The Chiba Bank Ltd.:

     

Strike Price JPY 483.08, Expires 8/02/11, Broker Deutsche Bank Securities Corp.

     320,000         (30,192

Strike Price JPY 494.80, Expires 8/16/11, Broker JPMorgan Chase Securities

     201,000         (17,599

China Construction Bank Corp., H Shares, Strike Price HKD 6.48, Expires 8/16/11, Broker Morgan Stanley & Co., Inc.

     6,865,000         (65,031

China Merchants Bank Co. Ltd., H Shares, Strike Price HKD 18.96, Expires 8/16/11, Broker JPMorgan Chase Securities

     1,300,000         (42,182

China Merchants Holdings International Co. Ltd., Strike Price HKD 29.51, Expires 8/16/11, Broker Morgan Stanley & Co., Inc.

     861,000         (24,792

China Mobile Ltd., Strike Price HKD 72.62, Expires 8/16/11, Broker JPMorgan Chase Securities

     332,000         (210,087

China Resources Enterprise Ltd.:

     

Strike Price HKD 30.45, Expires 8/02/11, Broker Deutsche Bank Securities Corp.

     526,000         (225,647

Strike Price HKD 33.44, Expires 9/07/11, Broker Morgan Stanley & Co., Inc.

     310,000         (43,734

China Unicom Hong Kong Ltd., Strike Price HKD 15.39, Expires 8/02/11, Broker BNP Paribas

     1,246,000         (55,121

Cia Energetica de Minas Gerais - ADR:

     

Strike Price USD 20.08, Expires 8/18/11, Broker Goldman Sachs & Co.

     96,400         (18,509

Strike Price USD 20.40, Expires 8/31/11, Broker Citigroup Global Markets, Inc.

     53,500         (11,809

Cie Financiere Richemont SA:

     

Strike Price CHF 56, Expires 8/19/11, Broker UBS Securities LLC

     50         (577

Strike Price CHF 53.43, Expires 9/13/11, Broker Citigroup Global Markets, Inc.

     43,200         (51,841

CIMB Group Holdings Bhd, Strike Price MYR 9.06, Expires 8/16/11, Broker Deutsche Bank Securities Corp.

     3,173,000         (32

Continental AG, Strike Price EUR 68.26, Expires 8/03/11, Broker Citigroup Global Markets, Inc.

     31,000         (87,548

 

4        JULY 31, 2011    


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

 

     Contracts      Value  

Options Written

     

Over-the-Counter Call Options Written (continued)

     

Cookson Group Plc:

     

Strike Price GBP 6.29, Expires 8/03/11, Broker Societe General Securities Corp.

     221,000       $ (63,211

Strike Price GBP 7.05, Expires 8/17/11, Broker Deutsche Bank Securities Corp.

     110,500         (4,457

Strike Price GBP 6.51, Expires 9/06/11, Broker Societe General Securities Corp.

     110,500         (40,630

Corio NV - REIT, Strike Price EUR 43.48, Expires 9/13/11, Broker Morgan Stanley & Co., Inc.

     9,000         (7,223

Daikin Industries Ltd., Strike Price JPY 2,916.88, Expires 8/16/11, Broker BNP Paribas

     114,000         (15,551

Daiwa Office Investment Corp.:

     

Strike Price JPY 270,680, Expires 8/01/11, Broker Deutsche Bank Securities Corp.

     190         (2,156

Strike Price JPY 272,574.76, Expires 8/16/11, Broker JPMorgan Chase Securities

     195         (6,306

Danone:

     

Strike Price EUR 53.10, Expires 8/17/11, Broker Morgan Stanley & Co., Inc.

     67,500         (2,825

Strike Price EUR 52, Expires 8/19/11, Broker UBS Securities LLC

     60         (2,402

Dena Co. Ltd., Strike Price JPY 3,464.69, Expires 8/02/11, Broker Morgan Stanley & Co., Inc.

     67,500         (323,777

Deutsche Bank AG, Strike Price EUR 38.43, Expires 9/13/11, Broker Citigroup Global Markets, Inc.

     80,500         (176,518

DnB NOR ASA, Strike Price NOK 79.61, Expires 8/17/11, Broker Citigroup Global Markets, Inc.

     195,000         (37,559

E.ON AG, Strike Price EUR 19.10, Expires 9/06/11, Broker UBS Securities LLC

     80,300         (54,853

Erste Group Bank AG, Strike Price EUR 34.35, Expires 8/03/11, Broker UBS Securities LLC

     41,100         (9,674

First Quantum Minerals Ltd., Strike Price CAD 135, Expires 8/22/11, Broker T.D. Securities

     395         (238,749

FLSmidth & Co. A/S, Strike Price DKK 436.25, Expires 9/06/11, Broker UBS Securities LLC

     52,000         (44,443

Fomento Economico Mexicano SAB de CV - ADR:

     

Strike Price USD 63.27, Expires 8/05/11, Broker Morgan Stanley & Co., Inc.

     33,000         (300,399

Strike Price USD 73.02, Expires 8/30/11, Broker Goldman Sachs & Co.

     25,000         (35,608

Fresenius Medical Care AG & Co. KGaA:

     

Strike Price EUR 51.02, Expires 8/04/11, Broker UBS Securities LLC

     23,800         (83,078

Strike Price EUR 55.31, Expires 9/13/11, Broker UBS Securities LLC

     36,700         (38,895

GDF Suez, Strike Price EUR 23.80, Expires 9/13/11, Broker UBS Securities LLC

     100,800         (41,892

GKN Plc:

     

Strike Price GBP 2.18, Expires 8/04/11, Broker Morgan Stanley & Co., Inc.

     425,000         (51,356

Strike Price GBP 2.40, Expires 8/17/11, Broker Morgan Stanley & Co., Inc.

     162,000         (3,784

GlaxoSmithKline Plc, Strike Price GBP 13.66, Expires 8/17/11, Broker Citigroup Global Markets, Inc.

     171,000         (41,485

Grupo Modelo SAB de CV, Series C:

     

Strike Price MXN 71.74, Expires 8/04/11, Broker Deutsche Bank Securities Corp.

     114,100         (10,807

Strike Price MXN 70.66, Expires 8/11/11, Broker Credit Suisse First Boston

     114,500         (21,498

Strike Price MXN 73.21, Expires 9/14/11, Broker Banc of America Securities

     114,100         (16,543

GS Engineering & Construction Corp., Strike Price KRW 129,603.20, Expires 8/16/11, Broker Deutsche Bank Securities Corp.

     38,000         (26,228

Hong Kong Exchanges and Clearing Ltd., Strike Price HKD 164.13, Expires 8/16/11, Broker JPMorgan Chase Securities

     133,000         (28,409

HRT Participacoes em Petroleo SA, Strike Price BRL 1,402.84, Expires 8/25/11, Broker Credit Suisse First Boston

     2,800         (172,061

HSBC Holdings Plc:

     

Strike Price GBP 6.12, Expires 8/04/11, Broker Citigroup Global Markets, Inc.

     548,000         (8,459

Strike Price GBP 6.29, Expires 8/17/11, Broker Deutsche Bank Securities Corp.

     549,000         (14,346

Hyundai Engineering & Construction Co. Ltd.:

     

Strike Price KRW 85,223.80, Expires 8/02/11, Broker Deutsche Bank Securities Corp.

     58,400         (97,018

Strike Price KRW 85,951, Expires 8/02/11, Broker Deutsche Bank Securities Corp.

     21,600         (26,754

Hyundai Marine & Fire Insurance Co. Ltd., Strike Price KRW 31,178.70, Expires 8/16/11, Broker Deutsche Bank Securities Corp.

     166,000         (457,566

IHI Corp., Strike Price JPY 205.53, Expires 8/02/11, Broker Morgan Stanley & Co., Inc.

     2,750,000         (120,899

Imperial Tobacco Group Plc, Strike Price GBP 21.62, Expires 9/06/11, Broker Citigroup Global Markets, Inc.

     218,000         (92,170

Inchcape Plc, Strike Price GBP 4.07, Expires 9/06/11, Broker Citigroup Global Markets, Inc.

     460,500         (53,289

ING Groep NV:

     

Strike Price EUR 8.05, Expires 8/03/11, Broker UBS Securities LLC

     120,700         (2,151

Strike Price EUR 8.01, Expires 9/06/11, Broker Societe General Securities Corp.

     137,000         (36,502

International Consolidated Airlines Group:

     

Strike Price GBP 2.35, Expires 9/06/11, Broker Citigroup Global Markets, Inc.

     841,500         (145,715

Strike Price GBP 2.34, Expires 9/13/11, Broker UBS Securities LLC

     490,000         (92,987

ITOCHU Corp., Strike Price JPY 827.90, Expires 8/16/11, Broker Morgan Stanley & Co., Inc.

     297,000         (233,037

 

         JULY 31, 2011   5


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

 

     Contracts      Value  

Options Written

     

Over-the-Counter Call Options Written (continued)

     

Japan Prime Realty Investment:

     

Strike Price JPY 223,210, Expires 8/01/11, Broker Deutsche Bank Securities Corp.

     245       $   

Strike Price JPY 212,302, Expires 8/16/11, Broker Deutsche Bank Securities Corp.

     245         (966

Japan Tobacco, Inc., Strike Price JPY 309,795.15, Expires 8/16/11, Broker Deutsche Bank Securities Corp.

     1,185         (603,546

JGC Corp., Strike Price JPY 2,220.79, Expires 8/02/11, Broker Morgan Stanley & Co., Inc.

     222,000         (533,970

Julius Baer Group Ltd., Strike Price CHF 33.90, Expires 8/03/11, Broker Deutsche Bank Securities Corp.

     78,800         (24,078

K+S AG, Strike Price EUR 52.68, Expires 8/04/11, Broker UBS Securities LLC

     57,300         (236,278

Kabel Deutschland Holding AG:

     

Strike Price EUR 43.53, Expires 8/03/11, Broker UBS Securities LLC

     32,600         (8

Strike Price EUR 42.76, Expires 8/25/11, Broker Barclays Capital, Inc.

     25,500         (7,676

Strike Price EUR 39.60, Expires 9/13/11, Broker Morgan Stanley & Co., Inc.

     15,500         (31,196

Kazakhmys Plc, Strike Price GBP 13.60, Expires 9/13/11, Broker UBS Securities LLC

     128,700         (121,032

Kia Motors Corp., Strike Price KRW 68,888.06, Expires 8/02/11, Broker Deutsche Bank Securities Corp.

     65,500         (528,968

Koninklijke DSM NV, Strike Price EUR 42.92, Expires 9/13/11, Broker Societe General Securities Corp.

     66,600         (30,519

Koninklijke KPN NV, Strike Price EUR 9.71, Expires 9/13/11, Broker Citigroup Global Markets, Inc.

     175,400         (75,895

KT Corp. - ADR:

     

Strike Price USD 18.33, Expires 8/05/11, Broker Deutsche Bank Securities Corp.

     32,500         (46,410

Strike Price USD 18.70, Expires 8/12/11, Broker Morgan Stanley & Co., Inc.

     52,000         (57,380

Strike Price USD 19.13, Expires 8/30/11, Broker Deutsche Bank Securities Corp.

     70,000         (64,950

Kubota Corp., Strike Price JPY 695.64, Expires 8/02/11, Broker Morgan Stanley & Co., Inc.

     494,000         (60,513

Lukoil OAO - ADR, Strike Price USD 63.13, Expires 8/04/11, Broker Morgan Stanley & Co., Inc.

     58,700         (215,429

LVMH Moet Hennessy Louis Vuitton SA:

     

Strike Price EUR 130, Expires 8/19/11, Broker Morgan Stanley & Co., Inc.

     50         (15,563

Strike Price EUR 129.53, Expires 9/13/11, Broker Societe General Securities Corp.

     14,000         (70,474

Lynas Corp. Ltd., Strike Price AUD 2.07, Expires 8/08/11, Broker JPMorgan Chase Securities

     1,253,000         (177,743

Magna International, Inc., Class A, Strike Price USD 51.48, Expires 8/31/11, Broker Morgan Stanley & Co., Inc.

     37,500         (36,662

Manulife Financial Corp.:

     

Strike Price CAD 16, Expires 8/22/11, Broker T.D. Securities

     1,980         (35,228

Strike Price CAD 16, Expires 9/19/11, Broker T.D. Securities

     100         (3,402

Marubeni Corp., Strike Price JPY 537.75, Expires 8/16/11, Broker Morgan Stanley & Co., Inc.

     471,000         (249,307

Mega Financial Holding Co. Ltd., Strike Price TWD 24.34, Expires 8/16/11, Broker Deutsche Bank Securities Corp.

     4,296,000         (507,272

Merck KGaA:

     

Strike Price EUR 74.58, Expires 8/03/11, Broker UBS Securities LLC

     33,900         (20,722

Strike Price EUR 77.74, Expires 9/13/11, Broker Citigroup Global Markets, Inc.

     14,800         (16,574

Metro AG, Strike Price EUR 39.94, Expires 9/06/11, Broker Societe General Securities Corp.

     43,000         (41,868

Mitsubishi Chemical Holdings Corp., Strike Price JPY 567.06, Expires 8/16/11, Broker Deutsche Bank Securities Corp.

     373,000         (168,101

Mitsui Fudosan Co. Ltd., Strike Price JPY 1,372.28, Expires 8/16/11, Broker Morgan Stanley & Co., Inc.

     162,000         (216,360

MTN Group Ltd., Strike Price ZAR 145.55, Expires 9/06/11, Broker Societe General Securities Corp.

     159,000         (90,934

Naspers Ltd., N Shares, Strike Price ZAR 379.26, Expires 9/06/11, Broker Citigroup Global Markets, Inc.

     47,000         (43,898

National Grid Plc, Strike Price GBP 6.16, Expires 9/06/11, Broker Societe General Securities Corp.

     480,000         (38,176

New World Development Ltd., Strike Price HKD 11.69, Expires 8/16/11, Broker Morgan Stanley & Co., Inc.

     1,232,000         (21,620

Newcrest Mining Ltd., Strike Price AUD 37.44, Expires 8/16/11, Broker Citigroup Global Markets, Inc.

     150,000         (396,892

Norsk Hydro ASA, Strike Price NOK 38.87, Expires 8/03/11, Broker Morgan Stanley & Co., Inc.

     470,000         (29,647

ORIX Corp., Strike Price JPY 7,683.66, Expires 8/02/11, Broker Morgan Stanley & Co., Inc.

     32,000         (260,980

Pandora A/S:

     

Strike Price DKK 162.06, Expires 8/03/11, Broker UBS Securities LLC

     10,000         (2,160

Strike Price DKK 161.61, Expires 9/13/11, Broker UBS Securities LLC

     40,000         (80,395

Petrominerales Ltd.:

     

Strike Price CAD 29.31, Expires 8/11/11, Broker Deutsche Bank Securities Corp.

     57,500         (99,167

Strike Price CAD 28, Expires 9/19/11, Broker T.D. Securities

     450         (163,666

Quadra FNX Mining Ltd.:

     

Strike Price CAD 14.59, Expires 8/29/11, Broker Goldman Sachs & Co.

     126,000         (135,506

Strike Price CAD 17, Expires 9/19/11, Broker T.D. Securities

     75         (2,551

 

6        JULY 31, 2011    


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

 

     Contracts      Value  

Options Written

     

Over-the-Counter Call Options Written (continued)

     

Randstad Holding NV:

     

Strike Price EUR 31.08, Expires 8/03/11, Broker Morgan Stanley & Co., Inc.

     34,000       $ (29,417

Strike Price EUR 31.27, Expires 9/13/11, Broker UBS Securities LLC

     61,300         (107,082

Roche Holding AG, Strike Price CHF 137.29, Expires 9/06/11, Broker UBS Securities LLC

     35,000         (222,880

Royal Bank of Canada, Strike Price CAD 55, Expires 8/22/11, Broker T.D. Securities

     510         (4,537

Royal Dutch Shell Plc, Class A - ADR:

     

Strike Price USD 72.91, Expires 8/24/11, Broker Morgan Stanley & Co., Inc.

     59,000         (105,110

Strike Price USD 71.58, Expires 9/01/11, Broker Goldman Sachs & Co.

     38,000         (103,926

Saipem SpA, Strike Price EUR 36.05, Expires 9/06/11, Broker UBS Securities LLC

     73,000         (128,466

Samsung Electronics Co. Ltd., Strike Price KRW 856,422.43, Expires 8/02/11, Broker Morgan Stanley & Co., Inc.

     4,500         (17,564

Sanofi SA, Strike Price EUR 54.03, Expires 8/03/11, Broker UBS Securities LLC

     40,000         (33,570

Seadrill Ltd., Strike Price NOK 182.39, Expires 8/04/11, Broker Morgan Stanley & Co., Inc.

     104,500         (98,380

Sekisui Chemical Co. Ltd., Strike Price JPY 684.56, Expires 8/02/11, Broker Deutsche Bank Securities Corp.

     332,000         (116,388

Shire Plc, Strike Price USD 100.89, Expires 9/09/11, Broker Deutsche Bank Securities Corp.

     8,500         (44,754

Siliconware Precision Industries Co. - ADR:

     

Strike Price USD 6.61, Expires 8/02/11, Broker Morgan Stanley & Co., Inc.

     167,000         (2

Strike Price USD 6.34, Expires 8/09/11, Broker Deutsche Bank Securities Corp.

     125,000         (1

Strike Price USD 6.07, Expires 8/25/11, Broker Citigroup Global Markets, Inc.

     94,000         (247

Strike Price USD 5.71, Expires 8/30/11, Broker Citigroup Global Markets, Inc.

     87,000         (1,622

Singapore Telecommunications Ltd., Strike Price SGD 3.02, Expires 8/16/11, Broker JPMorgan Chase Securities

     1,238,000         (240,971

SMC Corp., Strike Price JPY 14,277.50, Expires 8/16/11, Broker Deutsche Bank Securities Corp.

     22,300         (87,269

Societe Generale:

     

Strike Price EUR 39.39, Expires 8/03/11, Broker UBS Securities LLC

     17,200         (348

Strike Price EUR 36.76, Expires 9/13/11, Broker Citigroup Global Markets, Inc.

     54,600         (95,924

Softbank Corp., Strike Price JPY 3,065.10, Expires 8/02/11, Broker Morgan Stanley & Co., Inc.

     106,000         (19,634

Storebrand ASA, Strike Price NOK 48.65, Expires 9/13/11, Broker UBS Securities LLC

     329,000         (51,872

Straits Asia Resources Ltd.:

     

Strike Price SGD 2.97, Expires 8/16/11, Broker Deutsche Bank Securities Corp.

     974,000         (96,031

Strike Price SGD 3.11, Expires 9/07/11, Broker Morgan Stanley & Co., Inc.

     1,051,000         (85,054

Subsea 7 SA, Strike Price NOK 140.50, Expires 8/17/11, Broker Morgan Stanley & Co., Inc.

     199,500         (167,184

Sumitomo Electric Industries Ltd., Strike Price JPY 1,224.12, Expires 8/16/11, Broker BNP Paribas

     267,000         (7,414

Sumitomo Mitsui Financial Group, Inc., Strike Price JPY 2,417.40, Expires 8/02/11, Broker Morgan Stanley & Co., Inc.

     88,200         (29,197

Swiss Reinsurance Co. Ltd., Strike Price CHF 45.59, Expires 9/06/11, Broker Citigroup Global Markets, Inc.

     78,000         (98,211

Taiwan Semiconductor Manufacturing Co. Ltd. - ADR:

     

Strike Price USD 13.75, Expires 8/02/11, Broker Goldman Sachs & Co.

     99,000         (1

Strike Price USD 13.15, Expires 9/14/11, Broker Morgan Stanley & Co., Inc.

     98,000         (15,018

Taylor Wimpey Plc, Strike Price GBP 0.37, Expires 8/03/11, Broker Societe General Securities Corp.

     1,202         (4,213

TE Connectivity Ltd., Strike Price USD 38.34, Expires 8/25/11, Broker Goldman Sachs & Co.

     69,000         (19,646

Technip SA:

     

Strike Price EUR 70.42, Expires 8/04/11, Broker UBS Securities LLC

     28,400         (236,125

Strike Price EUR 76.61, Expires 9/13/11, Broker Societe General Securities Corp.

     28,000         (101,348

Teijin Ltd., Strike Price JPY 356.67, Expires 8/16/11, Broker Deutsche Bank Securities Corp.

     575,000         (28,036

Telefonica SA:

     

Strike Price EUR 16.37, Expires 8/03/11, Broker Citigroup Global Markets, Inc.

     144,000         (10

Strike Price EUR 16.62, Expires 8/17/11, Broker Citigroup Global Markets, Inc.

     143,500         (2,312

Tencent Holdings Ltd., Strike Price HKD 210.26, Expires 8/16/11, Broker Morgan Stanley & Co., Inc.

     67,000         (28,328

Toray Industries, Inc., Strike Price JPY 590.58, Expires 8/02/11, Broker Morgan Stanley & Co., Inc.

     456,000         (58,325

The Toronto-Dominion Bank, Strike Price CAD 78.91, Expires 8/26/11, Broker Deutsche Bank Securities Corp.

     37,500         (22,157

Trican Well Service Ltd.:

     

Strike Price CAD 22, Expires 8/22/11, Broker T.D. Securities

     850         (282,459

Strike Price CAD 26, Expires 9/19/11, Broker T.D. Securities

     690         (63,190

Tullow Oil Plc, Strike Price GBP 12.30, Expires 8/04/11, Broker Credit Suisse First Boston

     158,000         (36,782

 

         JULY 31, 2011   7


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

 

     Contracts      Value  

Options Written

     

Over-the-Counter Call Options Written (concluded)

     

UBS AG, Strike Price CHF 14.05, Expires 9/13/11, Broker Citigroup Global Markets, Inc.

     135,000       $ (44,848

Unibail-Rodamco SE - REIT, Strike Price EUR 155.61, Expires 8/03/11, Broker Citigroup Global Markets, Inc.

     17,900         (22,402

VimpelCom Ltd. - ADR:

     

Strike Price USD 13.31, Expires 8/12/11, Broker Morgan Stanley & Co., Inc.

     40,000         (1,974

Strike Price USD 12.12, Expires 9/08/11, Broker Deutsche Bank Securities Corp.

     37,500         (17,594

Volkswagen AG, Preference Shares, Strike Price EUR 149.53, Expires 9/06/11, Broker Morgan Stanley & Co., Inc.

     18,400         (58,387

Wharf Holdings Ltd., Strike Price HKD 52.71, Expires 8/02/11, Broker Morgan Stanley & Co., Inc.

     557,000         (326,421

WPP Plc, Strike Price GBP 7.49, Expires 8/03/11, Broker Morgan Stanley & Co., Inc.

     175,000         (47

Xstrata Plc:

     

Strike Price GBP 12.74, Expires 8/03/11, Broker Citigroup Global Markets, Inc.

     165,000         (77,287

Strike Price GBP 13.98, Expires 9/06/11, Broker Citigroup Global Markets, Inc.

     74,000         (18,188

Strike Price GBP 13.78, Expires 9/13/11, Broker Citigroup Global Markets, Inc.

     93,000         (37,074

Yamato Holdings Co. Ltd., Strike Price JPY 1,249.88, Expires 8/02/11, Broker Morgan Stanley & Co., Inc.

     212,000         (190,271
     

 

 

 

Total Over-the-Counter Call Options Written

        (16,943,558
     

 

 

 

Total Options Written (Premiums Received – $17,613,367) – (1.7)%

        (19,207,061
     

 

 

 

Total Investments Net of Outstanding Options Written – 98.5%

        1,109,784,200   

Other Assets Less Liabilities – 1.5%

        17,064,838   
     

 

 

 

Net Assets – 100.0%

      $ 1,126,849,038   
     

 

 

 

 

* The cost and unrealized appreciation (depreciation) of investments as of July 31, 2011 as computed for federal income tax purposes, were as follows:

 

Aggregate cost

   $ 1,092,332,160   
  

 

 

 

Gross unrealized appreciation

   $ 97,450,075   

Gross unrealized depreciation

     (60,790,974
  

 

 

 

Net unrealized appreciation

   $ 36,659,101   
  

 

 

 

 

(a) Non-income producing security.

 

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

 

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

 

Affiliate

   Shares
Held at
October 31,
2010
     Net Activity      Shares
Held at
July 31,

2011
     Realized
Gain
     Income  

BlackRock Liquidity Funds, TempFund, Institutional Class

     57,450,039         30,358,876         87,808,915       $ 303       $ 42,933   

iShares MSCI EAFE Index Fund

             87,000         87,000       $ 170,048       $ 181,072   

 

(d) Represents the current yield as of report date.

 

 

Foreign currency exchange contracts as of July 31, 2011 were as follows:

 

Currency

Purchased

    

Currency

Sold

    

Counterparty

   Settlement
Date
     Unrealized
Appreciation
(Depreciation)
 

GBP

     1,000       USD      1,634       Citigroup Global Markets, Inc.      8/01/11       $ 7   

USD

     1,315,870       EUR      914,000       Deutsche Bank Securities Corp.      8/03/11         2,627   

USD

     14,527       MXN      171,000       Citigroup Global Markets, Inc.      8/02/11         (42

USD

     218,793       HKD      1,705,000       UBS Securities LLC      8/02/11         29   

USD

     2,267,223       GBP      1,378,000       Citigroup Global Markets, Inc.      8/03/11         5,385   

USD

     6,261       CAD      6,000       Citigroup Global Markets, Inc.      8/02/11         (19
                 

 

 

 

Total

                  $ 7,987   
                 

 

 

 

 

 

Fair Value Measurements – Various inputs are used in determining the fair value of investments and derivative financial instruments. These inputs are categorized in three broad levels for financial reporting purposes as follows:

 

   

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 derivative financial instruments)

 

8        JULY 31, 2011    


Schedule of Investments (concluded)    BlackRock International Growth and Income Trust (BGY)
  

 

The categorization of a value determined for investments and derivative financial instruments is based on the pricing transparency of the investment and derivative financial instrument and does not necessarily correspond to the Trust’s perceived risk of investing in those securities. For information about the Trust’s policy regarding valuation of investments and derivative financial instruments and other significant accounting policies, please refer to the Trust’s most recent financial statements as contained in its semi-annual report. The following tables summarize the inputs used as of July 31, 2011 in determining the fair valuation of the Trust’s investments and derivative financial instruments:

 

Valuation Inputs

   Level 1     Level 2     Level 3      Total  

Assets:

         

Investments:

         

Long-Term Investments:

         

Common Stocks:

         

Australia

          $ 25,352,777              $ 25,352,777   

Austria

            3,571,448                3,571,448   

Belgium

            8,920,993                8,920,993   

Bermuda

            6,596,139                6,596,139   

Brazil

   $ 29,479,978                       29,479,978   

British Virgin Islands

     1,513,170                       1,513,170   

Canada

     61,870,915                       61,870,915   

China

     974,682        19,567,129                20,541,811   

Denmark

     2,593,768        12,192,398                14,786,166   

France

            60,171,794                60,171,794   

Germany

     7,457,995        77,329,670                84,787,665   

Gibraltar

            936,553                936,553   

Hong Kong

     9,738,371        50,104,742                59,843,113   

India

     2,893,230        12,207,648                15,100,878   

Indonesia

            5,434,758                5,434,758   

Ireland

            3,610,857                3,610,857   

Italy

            6,909,879                6,909,879   

Japan

            155,111,120                155,111,120   

Malaysia

            11,776,375                11,776,375   

Mexico

     11,468,492                       11,468,492   

Netherlands

     32,438,734        36,075,805                68,514,539   

Norway

            30,494,219                30,494,219   

Russia

     7,164,905                       7,164,905   

Singapore

            14,425,481                14,425,481   

South Africa

            10,800,871                10,800,871   

South Korea

     5,540,704        48,414,778                53,955,482   

Spain

            11,639,649                11,639,649   

Switzerland

     7,926,876        45,890,923                53,817,799   

Taiwan

     15,439,269        18,321,586                33,760,855   

Thailand

            13,212,775                13,212,775   

United Kingdom

     20,568,003        120,184,008                140,752,011   

United States

     9,756,329                       9,756,329   

Exchange-Traded Funds

     5,102,550                       5,102,550   

Short-Term Securities

     87,808,915                       87,808,915   
  

 

 

   

 

 

   

 

 

    

 

 

 

Total

   $ 319,736,886      $ 809,254,375              $ 1,128,991,261   
  

 

 

   

 

 

   

 

 

    

 

 

 

Valuation Inputs

   Level 1     Level 2     Level 3      Total  

Derivative Financial Instruments1

         

Assets:

         

Foreign currency exchange contracts

   $ 8,048                     $ 8,048   

Liabilities:

         

Equity contracts

     (2,778,251   $ (16,428,810             (19,207,061

Foreign currency exchange contracts

     (61                    (61
  

 

 

   

 

 

   

 

 

    

 

 

 

Total

   $ (2,770,264   $ (16,428,810           $ (19,199,074
  

 

 

   

 

 

   

 

 

    

 

 

 

 

1 

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

 

         JULY 31, 2011   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 International Growth and Income Trust    
By:  

/s/ John M. Perlowski

   
  John M. Perlowski    
  Chief Executive Officer (principal executive officer) of BlackRock International Growth and Income Trust

Date: September 26, 2011

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 International Growth and Income Trust

Date: September 26, 2011

By:  

/s/ Neal J. Andrews

   
  Neal J. Andrews    
  Chief Financial Officer (principal financial officer) of BlackRock International Growth and Income Trust

Date: September 26, 2011