NPORT-EX 2 NPORT_LCXJ_29792134_0324.htm BlackRock Utilities Infrastructure Power Opportunities Trust

Schedule of Investments (unaudited)

March 31, 2024

  

BlackRock Utilities, Infrastructure & Power Opportunities Trust (BUI)

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  

 

 

Common Stocks

   
Building Products — 9.5%            

A O Smith Corp.

    40,576     $ 3,629,929  

Carlisle Cos., Inc.

    22,950       8,992,957  

Cie de Saint-Gobain SA

    143,250       11,118,163  

Kingspan Group PLC(a)

    89,765       8,175,471  

Trane Technologies PLC

    52,150       15,655,430  
   

 

 

 
      47,571,950  
Chemicals — 3.0%            

Air Liquide SA

    35,768       7,441,480  

Linde PLC

    15,978       7,418,905  
   

 

 

 
      14,860,385  
Commercial Services & Supplies — 4.8%            

Republic Services, Inc.

    61,650       11,802,276  

Waste Management, Inc.

    57,650       12,288,098  
   

 

 

 
      24,090,374  
Construction & Engineering — 6.1%            

Quanta Services, Inc.

    44,710       11,615,658  

Vinci SA

    148,150       19,011,878  
   

 

 

 
      30,627,536  
Electric Utilities — 25.5%            

American Electric Power Co., Inc.(b)

    71,700       6,173,370  

Duke Energy Corp.(b)

    140,018       13,541,141  

EDP - Energias de Portugal SA

    1,972,500       7,695,966  

Enel SpA

    2,666,525       17,603,053  

Exelon Corp.(b)

    272,808       10,249,396  

Neoenergia SA

    854,650       3,467,745  

NextEra Energy, Inc.(b)(c)

    506,680       32,381,920  

PG&E Corp.

    682,650       11,441,214  

Southern Co.

    152,600       10,947,524  

SSE PLC

    481,500       10,038,304  

Xcel Energy, Inc.

    76,940       4,135,525  
   

 

 

 
       127,675,158  
Electrical Equipment — 7.6%            

Eaton Corp. PLC

    19,940       6,234,839  

Hubbell, Inc.

    12,150       5,042,858  

Prysmian SpA

    118,100       6,159,377  

Schneider Electric SE

    19,810       4,478,573  

Sunrun, Inc.(a)

    140,600       1,853,108  

Vestas Wind Systems A/S(a)

    500,371       13,957,148  
   

 

 

 
      37,725,903  
Electronic Equipment, Instruments & Components — 1.4%  

Rogers Corp.(a)

    27,250       3,234,302  

Samsung SDI Co. Ltd.

    10,750       3,812,529  
   

 

 

 
      7,046,831  
Ground Transportation — 3.0%            

Canadian Pacific Kansas City Ltd.

    83,750       7,384,196  

Union Pacific Corp.

    29,750       7,316,417  
   

 

 

 
      14,700,613  
Independent Power and Renewable Electricity Producers — 5.4%  

China Longyuan Power Group Corp. Ltd., Class H

    3,620,000       2,539,506  

EDP Renovaveis SA

    489,480       6,628,622  

Orron Energy AB(a)

    3,401,100       2,259,157  

RWE AG

    452,845       15,390,926  
   

 

 

 
      26,818,211  
Machinery — 6.6%            

Atlas Copco AB

    959,650       14,173,978  
Security   Shares     Value  

 

 

Machinery (continued)

   

Ingersoll Rand, Inc.

    121,950     $ 11,579,153  

Spirax-Sarco Engineering PLC

    57,050       7,238,275  
   

 

 

 
      32,991,406  
Multi-Utilities — 10.8%            

CenterPoint Energy, Inc.

    175,550       5,001,419  

CMS Energy Corp.(b)

    169,260       10,213,148  

Dominion Energy, Inc.(b)

    116,798       5,745,294  

National Grid PLC

    513,774       6,922,590  

Public Service Enterprise Group, Inc.(c)

    184,792       12,340,410  

Sempra(c)

    194,200       13,949,386  
   

 

 

 
      54,172,247  
Oil, Gas & Consumable Fuels — 10.8%            

Cheniere Energy, Inc.(c)

    70,350       11,346,048  

Hess Midstream LP, Class A

    110,400       3,988,752  

Pembina Pipeline Corp.

    191,600       6,762,686  

Targa Resources Corp.

    77,800       8,712,822  

TC Energy Corp.

    237,300       9,537,198  

Williams Cos., Inc.(c)

    352,805       13,748,811  
   

 

 

 
      54,096,317  
Semiconductors & Semiconductor Equipment — 5.0%        

Analog Devices, Inc.

    25,574       5,058,282  

ASML Holding NV

    6,300       6,107,604  

Canadian Solar, Inc.(a)(d)

    88,290       1,744,610  

First Solar, Inc.(a)

    16,434       2,774,059  

ON Semiconductor Corp.(a)(d)

    63,200       4,648,360  

STMicroelectronics NV

    110,850       4,770,793  
   

 

 

 
      25,103,708  
   

 

 

 

Total Long-Term Investments — 99.5%
(Cost: $350,961,176)

       497,480,639  
   

 

 

 

Short-Term Securities

   
Money Market Funds — 2.0%            

BlackRock Cash Funds: Institutional, SL Agency Shares, 5.50%(e)(f)(g)

    729,132       729,423  

BlackRock Liquidity Funds, T-Fund, Institutional Class, 5.19%(e)(f)

    9,244,554       9,244,554  
   

 

 

 

Total Short-Term Securities — 2.0%
(Cost: $9,974,040)

      9,973,977  
   

 

 

 

Total Investments Before Options Written — 101.5%
(Cost: $360,935,216)

 

    507,454,616  
   

 

 

 

Options Written — (1.3)%

   

(Premiums Received: $(4,043,794))

      (6,321,936
   

 

 

 

Total Investments, Net of Options Written — 100.2%
(Cost: $356,891,422)

 

    501,132,680  

Liabilities in Excess of Other Assets — (0.2)%

 

    (959,837
   

 

 

 

Net Assets — 100.0%

    $ 500,172,843  
   

 

 

 

 

(a) 

Non-income producing security.

(b) 

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

(c) 

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

(d) 

All or a portion of this security is on loan.

(e) 

Affiliate of the Trust.

(f) 

Annualized 7-day yield as of period end.

(g) 

All or a portion of this security was purchased with the cash collateral from loaned securities.

 

 

For purposes of this report, industry and sector sub-classifications may differ from those utilized by the Trust for compliance purposes.

 

 

S C H E D U L EO F  I N V E S T M E N T S

  1


Schedule of Investments (unaudited) (continued)

March 31, 2024

  

BlackRock Utilities, Infrastructure & Power Opportunities Trust (BUI)

 

Affiliates

Investments in issuers considered to be affiliate(s) of the Trust during the period ended March 31, 2024 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

 

                   
Affiliated Issuer  

Value at

12/31/23

   

Purchases

at Cost

   

Proceeds

from Sales

   

Net

Realized

Gain (Loss)

   

Change in

Unrealized

Appreciation

(Depreciation)

   

Value at

03/31/24

   

Shares

Held at

03/31/24

    Income    

Capital Gain

Distributions

from

Underlying

Funds

 

BlackRock Cash Funds: Institutional, SL Agency Shares

  $     $ 729,486 (a)    $     $     $ (63   $ 729,423       729,132     $     $  

BlackRock Liquidity Funds, T-Fund, Institutional Class

    5,318,307       3,926,247 (a)                        9,244,554       9,244,554       95,850        

SL Liquidity Series, LLC, Money Market Series(b)

    1,297,977             (1,298,002 )(a)      25                         925 (c)        
       

 

 

   

 

 

   

 

 

     

 

 

   

 

 

 
        $ 25     $ (63   $  9,973,977       $  96,775     $  
       

 

 

   

 

 

   

 

 

     

 

 

   

 

 

 

 

  (a) 

Represents net amount purchased (sold).

 
  (b) 

As of period end, the entity is no longer held.

 
  (c) 

All or a portion represents securities lending income earned from the reinvestment of cash collateral from loaned securities, net of fees and collateral investment expenses, and other payments to and from borrowers of securities.

 

Derivative Financial Instruments Outstanding as of Period End

Exchange-Traded Options Written

 

           
Description  

Number of

Contracts

    

Expiration

Date

     Exercise Price     

Notional

Amount (000)

     Value  
Call                                  

First Solar, Inc.

    22        04/05/24      USD  155.00      USD  371      $ (31,845

PG&E Corp.

    136        04/05/24      USD 17.00      USD 228        (1,088

Waste Management, Inc.

    153        04/05/24      USD 210.00      USD 3,261        (61,200

Cheniere Energy, Inc.

    82        04/12/24      USD 160.00      USD 1,322        (26,650

Southern Co.

    280        04/12/24      USD 71.00      USD 2,009        (36,400

Williams Cos., Inc.

    603        04/12/24      USD 37.00      USD 2,350        (138,690

American Electric Power Co., Inc.

    136        04/19/24      USD 78.47      USD 1,171        (109,049

Canadian Pacific Kansas City, Ltd.

    197        04/19/24      CAD 118.00      CAD  2,353        (34,905

Carlisle Cos., Inc.

    24        04/19/24      USD 360.00      USD 940        (79,920

CenterPoint Energy, Inc.

    310        04/19/24      USD 27.61      USD 883        (34,408

Dominion Energy, Inc.

    127        04/19/24      USD 45.00      USD 625        (49,530

Duke Energy Corp.

    295        04/19/24      USD 100.00      USD 2,853        (7,375

Eaton Corp. PLC

    54        04/19/24      USD 310.00      USD 1,688        (43,200

Exelon Corp.

    170        04/19/24      USD 38.00      USD 639        (6,800

Exelon Corp.

    228        04/19/24      USD 35.00      USD 857        (71,820

Hess Midstream LP, Class A

    200        04/19/24      USD 36.00      USD 723        (14,000

Ingersoll Rand, Inc.

    150        04/19/24      USD 87.00      USD 1,424        (125,739

Linde PLC

    32        04/19/24      USD 450.00      USD 1,486        (52,480

ON Semiconductor Corp.

    134        04/19/24      USD 80.00      USD 986        (11,457

Quanta Services, Inc.

    74        04/19/24      USD 220.00      USD 1,923        (299,700

Rogers Corp.

    31        04/19/24      USD 115.00      USD 368        (17,205

Sempra

    316        04/19/24      USD 72.50      USD 2,270        (29,230

Targa Resources Corp.

    136        04/19/24      USD 110.00      USD 1,523        (45,560

Trane Technologies PLC

    100        04/19/24      USD 280.00      USD 3,002        (214,000

Trane Technologies PLC

    100        04/19/24      USD 290.00      USD 3,002        (125,500

Union Pacific Corp.

    34        04/19/24      USD 250.00      USD 836        (8,160

Williams Cos., Inc.

    28        04/19/24      USD 36.00      USD 109        (8,330

Analog Devices, Inc.

    42        04/26/24      USD 200.00      USD 831        (20,790

Cheniere Energy, Inc.

    82        04/26/24      USD 165.00      USD 1,322        (17,425

First Solar, Inc.

    35        04/26/24      USD 165.00      USD 591        (36,837

ON Semiconductor Corp.

    87        04/26/24      USD 80.00      USD 640        (10,484

PG&E Corp.

    693        04/26/24      USD 17.00      USD 1,161        (22,176

Union Pacific Corp.

    48        04/26/24      USD 250.00      USD 1,180        (20,640

Analog Devices, Inc.

    47        05/03/24      USD 195.00      USD 930        (35,955

Cheniere Energy, Inc.

    82        05/03/24      USD 165.00      USD 1,322        (25,830

PG&E Corp.

    846        05/03/24      USD 17.00      USD 1,418        (25,803

Southern Co.

    254        05/03/24      USD 71.00      USD 1,822        (54,610

Union Pacific Corp.

    22        05/10/24      USD 250.00      USD 541        (13,420

A O Smith Corp.

    197        05/17/24      USD 95.00      USD 1,762        (26,102

 

 

2  


Schedule of Investments (unaudited) (continued)

March 31, 2024

  

BlackRock Utilities, Infrastructure & Power Opportunities Trust (BUI)

 

Exchange-Traded Options Written (continued)

 

           
Description  

Number of

Contracts

    

Expiration

Date

     Exercise Price     

Notional

Amount (000)

     Value  
Call (continued)                                  

American Electric Power Co., Inc.

    114        05/17/24      USD  87.50      USD 982      $ (19,665

Carlisle Cos., Inc.

    61        05/17/24      USD  370.00      USD 2,390        (185,440

CenterPoint Energy, Inc.

    304        05/17/24      USD 29.00      USD 866        (18,240

Dominion Energy, Inc.

    281        05/17/24      USD 50.00      USD 1,382        (40,745

Duke Energy Corp.

    195        05/17/24      USD 95.00      USD 1,886        (68,250

Exelon Corp.

    556        05/17/24      USD 37.76      USD 2,089        (51,151

Hess Midstream LP, Class A

    187        05/17/24      USD 34.00      USD 676        (50,490

Ingersoll Rand, Inc.

    328        05/17/24      USD 91.55      USD 3,114        (173,789

Linde PLC

    24        05/17/24      USD 475.00      USD 1,114        (20,280

Pembina Pipeline Corp.

    266        05/17/24      CAD 49.00      CAD 1,272        (9,524

PG&E Corp.

    714        05/17/24      USD 17.00      USD 1,197        (33,915

Quanta Services, Inc.

    86        05/17/24      USD 242.60      USD 2,234        (203,336

Republic Services, Inc.

    100        05/17/24      USD 186.00      USD 1,914        (84,772

Sempra

    363        05/17/24      USD 73.20      USD 2,607        (53,781

Waste Management, Inc.

    48        05/17/24      USD 210.00      USD 1,023        (37,920

Williams Cos., Inc.

    603        05/17/24      USD 37.00      USD 2,350        (149,242

Pembina Pipeline Corp.

    267        06/21/24      CAD 49.00      CAD 1,277        (13,207
             

 

 

 
              $  (3,208,060
             

 

 

 

OTC Options Written

 

             
Description   Counterparty   

Number of

Contracts

    

Expiration

Date

     Exercise Price     

Notional

Amount (000)

     Value  

Call

                

Atlas Copco AB, B Shares

  Goldman Sachs International      250,000        04/02/24      SEK  149.22      SEK  39,524      $ (210,633

EDP - Energias de Portugal SA

  Bank of America N.A.      33,200        04/02/24      EUR 3.94      EUR 120        (1

EDP Renovaveis SA

  Bank of America N.A.      4,700        04/02/24      EUR 15.53      EUR 59         

Enel SpA

  Morgan Stanley & Co. International PLC      476,200        04/02/24      EUR 6.44      EUR 2,914        (113

Schneider Electric SE

  Morgan Stanley & Co. International PLC      5,800        04/02/24      EUR  190.03      EUR  1,215        (123,407

United Overseas Bank Ltd.

  Morgan Stanley & Co. International PLC      103,000        04/02/24      DKK  207.75      DKK 19,864        (282

Air Liquide SA

  UBS AG      7,150        04/03/24      EUR 172.93      EUR 1,379        (154,477

China Longyuan Power Group Corp. Ltd., Class H

  Bank of America N.A.      597,000        04/03/24      HKD 4.71      HKD 3,278        (60,889

Compagnie de Saint-Gobain S.A.

  UBS AG      21,800        04/03/24      EUR 69.31      EUR 1,568        (64,571

Kingspan Group PLC

  Bank of America N.A.      14,400        04/03/24      EUR 82.72      EUR 1,216        (32,822

National Grid PLC

  Goldman Sachs International      68,200        04/03/24      GBP 10.20      GBP 728        (40,479

Prysmian SpA

  UBS AG      12,600        04/03/24      EUR 42.10      EUR 609        (85,924

Vinci SA

  UBS AG      51,800        04/03/24      EUR 117.51      EUR 6,162        (92,477

NextEra Energy, Inc.

  JPMorgan Chase Bank N.A.      38,700        04/05/24      USD 58.00      USD 2,473        (235,283

Public Service Enterprise Group, Inc.

  JPMorgan Chase Bank N.A.      20,700        04/08/24      USD 59.77      USD 1,382        (147,264

EDP - Energias de Portugal SA

  Bank of America N.A.      89,000        04/09/24      EUR 4.28      EUR 322         

SSE PLC

  Morgan Stanley & Co. International PLC      147,500        04/09/24      GBP 17.34      GBP 2,436        (2,941

United Overseas Bank Ltd.

  Goldman Sachs International      82,100        04/09/24      DKK 195.55      DKK 15,833        (31,202

CMS Energy Corp.

  Barclays Bank PLC      29,600        04/10/24      USD 57.90      USD 1,786        (79,152

EDP - Energias de Portugal SA

  Morgan Stanley & Co. International PLC      282,000        04/10/24      EUR 3.92      EUR 1,020        (818

NextEra Energy, Inc.

  JPMorgan Chase Bank N.A.      38,700        04/12/24      USD 59.00      USD 2,473         (201,349

Atlas Copco AB, B Shares

  Goldman Sachs International      106,600        04/16/24      SEK 158.41      SEK 16,853        (29,402

China Longyuan Power Group Corp. Ltd., Class H

  Bank of America N.A.      670,000        04/16/24      HKD 6.01      HKD 3,679        (4,934

Kingspan Group PLC

  Bank of America N.A.      14,400        04/16/24      EUR 86.40      EUR 1,216        (13,267

EDP - Energias de Portugal SA

  Bank of America N.A.      193,000        04/17/24      EUR 3.77      EUR 698        (6,043

TC Energy Corp.

  Morgan Stanley & Co. International PLC      27,800        04/17/24      CAD 54.28      CAD 1,513        (13,031

Xcel Energy, Inc.

  Barclays Bank PLC      14,300        04/17/24      USD 60.78      USD 769        (1,299

NextEra Energy, Inc.

  Barclays Bank PLC      49,900        04/19/24      USD 59.82      USD 3,189        (227,915

EDP Renovaveis SA

  Bank of America N.A.      2,400        04/24/24      EUR 13.75      EUR 30        (254

Enel SpA

  Morgan Stanley & Co. International PLC      519,400        04/24/24      EUR 6.16      EUR 3,178        (51,110

National Grid PLC

  UBS AG      62,200        04/24/24      GBP 10.81      GBP 664        (9,848

Neoenergia SA

  Morgan Stanley & Co. International PLC      122,400        04/24/24      BRL 22.02      BRL 2,491        (427

Air Liquide SA

  Morgan Stanley & Co. International PLC      6,650        04/25/24      EUR 190.11      EUR 1,282        (36,568

Atlas Copco AB, B Shares

  UBS AG      16,000        04/25/24      SEK 157.46      SEK 2,530        (5,117

EDP - Energias de Portugal SA

  Bank of America N.A.      84,200        04/25/24      EUR 3.85      EUR 305        (2,396

Schneider Electric SE

  UBS AG      5,000        04/25/24      EUR 211.21      EUR 1,048        (22,371

 

 

S C H E D U L EO F  I N V E S T M E N T S

  3


Schedule of Investments (unaudited) (continued)

March 31, 2024

  

BlackRock Utilities, Infrastructure & Power Opportunities Trust (BUI)

 

OTC Options Written (continued)

 

             
Description   Counterparty   

Number of

Contracts

    

Expiration

Date

     Exercise Price     

Notional

Amount (000)

     Value  

Call (continued)

                

NextEra Energy, Inc.

  Barclays Bank PLC      50,000        04/26/24      USD  61.01      USD  3,196      $ (186,162

TC Energy Corp.

  Royal Bank of Canada      25,800        04/26/24      CAD 53.95      CAD 1,405        (21,669

CMS Energy Corp.

  Barclays Bank PLC      29,600        04/29/24      USD 57.90      USD 1,786        (93,840

ASML Holding NV

  Morgan Stanley & Co. International PLC      2,300        04/30/24      EUR  927.41      EUR 2,067        (58,922

Compagnie de Saint-Gobain S.A.

  Bank of America N.A.      28,300        04/30/24      EUR 71.23      EUR 2,036        (73,011

Spirax-Sarco Engineering PLC

  Morgan Stanley & Co. International PLC      19,900        04/30/24      GBP  109.19      GBP  2,000        (12,219

Targa Resources Corp.

  UBS AG      13,600        04/30/24      USD 108.04      USD 1,523        (63,867

RWE AG

  Bank of America N.A.      154,500        05/02/24      EUR 32.03      EUR 4,867        (117,034

RWE AG

  Bank of America N.A.      4,000        05/02/24      EUR 32.40      EUR 126        (2,474

SSE PLC

  Bank of America N.A.      21,100        05/02/24      GBP 16.74      GBP 349        (8,124

EDP - Energias de Portugal SA

  Bank of America N.A.      85,000        05/07/24      EUR 3.75      EUR 307        (1,863

Neoenergia SA

  JPMorgan Chase Bank N.A.      122,400        05/07/24      BRL 21.89      BRL 2,491        (1,558

Prysmian SpA

  UBS AG      20,700        05/07/24      EUR 46.24      EUR 1,001        (54,267

STMicroelectronics NV

  Bank of America N.A.      38,800        05/07/24      EUR 44.41      EUR 1,548        (14,810

EDP Renovaveis SA

  Bank of America N.A.      20,000        05/10/24      EUR 15.06      EUR 251        (552

National Grid PLC

  Goldman Sachs International      49,500        05/10/24      GBP 10.67      GBP 528        (16,622

Pembina Pipeline Corp.

  Morgan Stanley & Co. International PLC      13,700        05/13/24      CAD 47.15      CAD 655        (14,100

Public Service Enterprise Group, Inc.

  Morgan Stanley & Co. International PLC      23,200        05/13/24      USD 65.20      USD 1,549        (68,591

TC Energy Corp.

  Royal Bank of Canada      29,400        05/13/24      CAD 53.78      CAD 1,601        (35,891

Xcel Energy, Inc.

  Bank of America N.A.      12,600        05/13/24      USD 53.17      USD 677        (29,757

EDP Renovaveis SA

  Bank of America N.A.      60,900        05/14/24      EUR 13.28      EUR 764        (17,570

Neoenergia SA

  Morgan Stanley & Co. International PLC      54,200        05/16/24      BRL 21.04      BRL 1,103        (5,378

Hubbell Inc.

  Goldman Sachs International      4,200        05/20/24      USD 431.87      USD 1,743        (51,383

EDP Renovaveis SA

  Bank of America N.A.      83,400        05/21/24      EUR 13.09      EUR 1,047        (35,901

Public Service Enterprise Group, Inc.

  JPMorgan Chase Bank N.A.      20,700        06/03/24      USD 65.60      USD 1,382        (66,672

Republic Services, Inc.

  Bank of America N.A.      11,600        06/14/24      USD 191.60      USD 2,221        (73,573
                

 

 

 
                 $  (3,113,876
                

 

 

 

Fair Value Hierarchy as of Period End

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

 

   

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

 

   

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

 

   

Level 3 – Unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available (including the Valuation Committee’s assumptions used in determining the fair value of financial instruments).

The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the fair value hierarchy classification is determined based on the lowest level input that is significant to the fair value measurement in its entirety. Investments classified within Level 3 have significant unobservable inputs used by the Valuation Committee in determining the price for Fair Valued Investments. Level 3 investments include equity or debt issued by privately held companies or funds. There may not be a secondary market, and/or there are a limited number of investors. The categorization of a value determined for financial instruments is based on the pricing transparency of the financial instruments and is not necessarily an indication of the risks associated with investing in those securities. For information about the Trust’s policy regarding valuation of financial instruments, refer to its most recent financial statements.

 

 

4  


Schedule of Investments (unaudited) (continued)

March 31, 2024

  

BlackRock Utilities, Infrastructure & Power Opportunities Trust (BUI)

 

Fair Value Hierarchy as of Period End (continued)

The following table summarizes the Trust’s financial instruments categorized in the fair value hierarchy. The breakdown of the Trust’s financial instruments into major categories is disclosed in the Schedule of Investments above.

 

               
     Level 1             Level 2             Level 3             Total  

Assets

                

Investments

                

Long-Term Investments

                

Common Stocks

                

Building Products

  $ 28,278,316            $ 19,293,634            $            $ 47,571,950  

Chemicals

    7,418,905          7,441,480                   14,860,385  

Commercial Services & Supplies

    24,090,374                            24,090,374  

Construction & Engineering

    11,615,658          19,011,878                   30,627,536  

Electric Utilities

    92,337,835          35,337,323                   127,675,158  

Electrical Equipment

    13,130,805          24,595,098                   37,725,903  

Electronic Equipment, Instruments & Components

    3,234,302          3,812,529                   7,046,831  

Ground Transportation

    14,700,613                            14,700,613  

Independent Power and Renewable Electricity Producers

             26,818,211                   26,818,211  

Machinery

    11,579,153          21,412,253                   32,991,406  

Multi-Utilities

    47,249,657          6,922,590                   54,172,247  

Oil, Gas & Consumable Fuels

    54,096,317                            54,096,317  

Semiconductors & Semiconductor Equipment

    14,225,311          10,878,397                   25,103,708  

Short-Term Securities

                

Money Market Funds

    9,973,977                            9,973,977  
 

 

 

      

 

 

      

 

 

      

 

 

 
  $  331,931,223        $ 175,523,393        $     —        $  507,454,616  
 

 

 

      

 

 

      

 

 

      

 

 

 

Derivative Financial Instruments(a)

                

Liabilities

                

Equity Contracts

  $ (2,372,035      $ (3,949,901      $        $ (6,321,936
 

 

 

      

 

 

      

 

 

      

 

 

 

 

  (a) 

Derivative financial instruments are options written. Options written are shown at value.

 

 

Currency Abbreviation
BRL    Brazilian Real
CAD    Canadian Dollar
DKK    Danish Krone
EUR    Euro
GBP    British Pound
HKD    Hong Kong Dollar
SEK    Swedish Krona
USD    United States Dollar
Portfolio Abbreviation
LP    Limited Partnership

 

 

S C H E D U L EO F  I N V E S T M E N T S

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