Form NPORT-P - Monthly Portfolio Investments Report on Form N-PORT (Public)
2024年5月29日 - 3:20AM
Edgar (US Regulatory)
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| Schedule of Investments (unaudited)
March 31, 2024 |
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BlackRock Resources & Commodities Strategy Trust (BCX)
(Percentages shown are based on Net Assets) |
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| Security |
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Shares |
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Value |
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| Common Stocks |
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| Chemicals — 6.4% |
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| Albemarle Corp. |
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19,588 |
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$ |
2,580,523 |
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| CF Industries Holdings, Inc.(a) |
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|
129,277 |
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10,757,139 |
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| Corteva, Inc. |
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301,413 |
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17,382,488 |
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| Nutrien Ltd. |
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480,097 |
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26,074,068 |
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56,794,218 |
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| Construction Materials — 0.8% |
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| CRH PLC |
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80,150 |
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6,913,739 |
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| Containers & Packaging — 9.6% |
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| Avery Dennison Corp. |
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83,177 |
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18,569,265 |
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| Graphic Packaging Holding Co. |
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469,812 |
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13,709,114 |
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| Packaging Corp. of America(a) |
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102,319 |
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19,418,100 |
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| Smurfit Kappa Group PLC |
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736,451 |
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33,579,091 |
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85,275,570 |
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| Energy Equipment & Services — 1.1% |
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| Saipem SpA(b) |
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3,993,000 |
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9,754,005 |
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| Food Products — 2.8% |
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| Bunge Global SA |
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168,237 |
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17,247,657 |
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| Hofseth International, (Acquired 05/26/21,
Cost:
$10,198,056)(b)(c)(d) |
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18,993,283 |
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7,400,321 |
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24,647,978 |
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| Machinery — 1.9% |
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| AGCO Corp.(e) |
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139,452 |
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17,155,385 |
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| Metals & Mining — 38.5% |
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| Alcoa Corp. |
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297,655 |
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10,057,762 |
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| Anglo American PLC |
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459,496 |
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11,323,276 |
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| ArcelorMittal SA, Registered Shares(f) |
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675,617 |
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18,633,517 |
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| Barrick Gold Corp. |
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1,041,413 |
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17,329,112 |
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| BHP Group Ltd., ADR(a) |
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560,712 |
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32,347,475 |
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| Filo Corp.(b) |
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109,223 |
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1,906,998 |
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| Filo Corp. Legend(b) |
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175,560 |
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3,065,220 |
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| First Quantum Minerals Ltd. |
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666,478 |
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7,163,944 |
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| Franco-Nevada Corp. |
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64,021 |
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7,628,742 |
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| Freeport-McMoRan, Inc.(a)(e) |
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874,105 |
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41,100,417 |
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| Glencore PLC |
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3,829,190 |
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21,012,894 |
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| Newmont Corp. |
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348,688 |
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12,496,978 |
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| Norsk Hydro ASA |
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4,174,600 |
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22,941,034 |
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| Nucor Corp. |
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49,832 |
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9,861,753 |
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| Polyus PJSC(b)(c) |
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104,732 |
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11 |
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| Rio Tinto PLC |
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479,596 |
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30,322,387 |
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| Steel Dynamics, Inc. |
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36,825 |
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5,458,570 |
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| Stelco Holdings, Inc. |
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470,342 |
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15,510,817 |
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| Teck Resources Ltd., Class B |
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678,846 |
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31,077,570 |
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| Vale SA, ADR |
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608,383 |
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7,416,189 |
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| Wheaton Precious Metals Corp. |
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746,104 |
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35,163,882 |
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341,818,548 |
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| Oil, Gas & Consumable Fuels — 36.9% |
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| BP PLC |
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7,380,213 |
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46,299,210 |
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| Canadian Natural Resources Ltd. |
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309,181 |
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23,585,451 |
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| Cheniere Energy, Inc.(e) |
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68,558 |
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11,057,034 |
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| Chevron Corp.(a)(e) |
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77,923 |
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12,291,574 |
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| ConocoPhillips(a) |
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154,798 |
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19,702,689 |
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| Diamondback Energy, Inc. |
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52,900 |
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10,483,193 |
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| Exxon Mobil Corp.(a) |
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|
468,300 |
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54,435,192 |
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| Gazprom PJSC(b)(c) |
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5,430,000 |
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|
587 |
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| Hess Corp. |
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139,550 |
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21,300,912 |
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| Kosmos Energy Ltd.(b)(f) |
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1,167,000 |
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6,955,320 |
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| Security |
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Shares |
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Value |
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| Oil, Gas & Consumable Fuels (continued) |
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| Marathon Petroleum Corp. |
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97,400 |
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$ |
19,626,100 |
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| Shell PLC, ADR(a) |
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|
1,040,175 |
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69,733,341 |
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| TotalEnergies SE |
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|
472,736 |
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32,519,217 |
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327,989,820 |
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| Paper & Forest Products — 1.4% |
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| Precious Woods Holding AG, Registered Shares(b)
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|
20,000 |
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|
133,060 |
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| UPM-Kymmene OYJ |
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|
363,992 |
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|
12,126,994 |
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12,260,054 |
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| Total Common Stocks — 99.4%
(Cost: $751,117,978) |
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882,609,317 |
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|
Par
(000) |
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| Corporate Bonds |
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| Metals & Mining — 0.8% |
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| Allied Gold Corp., 8.75%, 09/07/28(g)(h) |
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$ |
7,200 |
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|
7,200,000 |
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| Total Corporate Bonds — 0.8%
(Cost: $7,200,000) |
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7,200,000 |
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| Total Long-Term Investments — 100.2%
(Cost: $758,317,978) |
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889,809,317 |
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Shares |
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| Short-Term Securities |
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| Money Market Funds — 1.4% |
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| BlackRock Cash Funds: Institutional, SL Agency Shares,
5.50%(i)(j)(k) |
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|
1,468,574 |
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|
1,469,162 |
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| BlackRock Liquidity Funds, T-Fund, Institutional Class, 5.19%(i)(j) |
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|
11,282,607 |
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11,282,607 |
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| Total Short-Term Securities — 1.4%
(Cost: $12,751,916) |
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12,751,769 |
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| Total Investments Before Options Written — 101.6%
(Cost: $771,069,894) |
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|
902,561,086 |
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| Options Written — (1.6)%
(Premiums Received: $(7,016,816)) |
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|
(14,177,297 |
) |
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| Total Investments, Net of Options Written — 100.0%
(Cost: $764,053,078) |
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|
888,383,789 |
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| Liabilities in Excess of Other Assets — 0.0% |
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(47,301 |
) |
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| Net Assets — 100.0% |
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$ |
888,336,488 |
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| (a) |
All or a portion of the security has been pledged and/or segregated as collateral in connection with outstanding
exchange-traded options written. |
| (b) |
Non-income producing security. |
| (c) |
Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.
|
| (d) |
Restricted security as to resale, excluding 144A securities. The Trust held restricted securities with a current value
of $7,400,321, representing 0.8% of its net assets as of period end, and an original cost of $10,198,056. |
| (e) |
All or a portion of the security has been pledged as collateral in connection with outstanding OTC derivatives.
|
| (f) |
All or a portion of this security is on loan. |
| (g) |
Convertible security. |
| (h) |
Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities
may be resold in transactions exempt from registration to qualified institutional investors. |
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| S C H E D U L E O F I N
V E S T M E N T S |
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1 |
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| Schedule of Investments (unaudited) (continued)
March 31, 2024 |
|
BlackRock Resources & Commodities Strategy Trust (BCX) |
| (i) |
Affiliate of the Trust. |
| (j) |
Annualized 7-day yield as of period end. |
| (k) |
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.
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:
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| Affiliated Issuer |
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Value at
12/31/23 |
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Purchases
at Cost |
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|
Proceeds
from Sales |
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Net
Realized
Gain (Loss) |
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Change in
Unrealized
Appreciation
(Depreciation) |
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Value at
03/31/24 |
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Shares
Held at
03/31/24 |
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|
Income |
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|
Capital Gain
Distributions
from
Underlying
Funds |
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| BlackRock Cash Funds: Institutional, SL Agency Shares |
|
$ |
— |
|
|
$ |
1,469,312 |
(a) |
|
$ |
— |
|
|
$ |
(4 |
) |
|
$ |
(146 |
) |
|
$ |
1,469,162 |
|
|
|
1,468,574 |
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|
$ |
— |
|
|
$ |
— |
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| BlackRock Liquidity Funds, T-Fund, Institutional Class |
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|
14,160,077 |
|
|
|
— |
|
|
|
(2,877,470 |
)(a) |
|
|
— |
|
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|
— |
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|
11,282,607 |
|
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|
11,282,607 |
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|
203,375 |
|
|
|
— |
|
| SL Liquidity Series, LLC, Money Market Series(b)
|
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|
6,150,469 |
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|
|
— |
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|
(6,150,097 |
)(a) |
|
|
(871 |
) |
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|
499 |
|
|
|
— |
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|
— |
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|
6,542 |
(c) |
|
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— |
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$ |
(875 |
) |
|
$ |
353 |
|
|
$ |
12,751,769 |
|
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|
$ |
209,917 |
|
|
$ |
— |
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(a) |
Represents net amount purchased (sold). |
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| |
(b) |
As of period end, the entity is no longer held. |
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| |
(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
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| Description |
|
Number of
Contracts |
|
|
Expiration
Date |
|
|
Exercise Price |
|
|
Notional
Amount (000) |
|
|
Value |
|
| Call |
|
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|
| Barrick Gold Corp. |
|
|
600 |
|
|
|
04/05/24 |
|
|
|
USD |
|
|
|
15.50 |
|
|
|
USD |
|
|
|
998 |
|
|
$ |
(66,900 |
) |
| CF Industries Holdings, Inc. |
|
|
149 |
|
|
|
04/05/24 |
|
|
|
USD |
|
|
|
83.00 |
|
|
|
USD |
|
|
|
1,240 |
|
|
|
(18,625 |
) |
| Freeport-McMoRan, Inc. |
|
|
412 |
|
|
|
04/05/24 |
|
|
|
USD |
|
|
|
41.00 |
|
|
|
USD |
|
|
|
1,937 |
|
|
|
(250,290 |
) |
| Newmont Corp. |
|
|
150 |
|
|
|
04/05/24 |
|
|
|
USD |
|
|
|
32.00 |
|
|
|
USD |
|
|
|
538 |
|
|
|
(53,775 |
) |
| Nucor Corp. |
|
|
92 |
|
|
|
04/05/24 |
|
|
|
USD |
|
|
|
200.00 |
|
|
|
USD |
|
|
|
1,821 |
|
|
|
(13,570 |
) |
| Nutrien Ltd. |
|
|
350 |
|
|
|
04/05/24 |
|
|
|
USD |
|
|
|
55.00 |
|
|
|
USD |
|
|
|
1,901 |
|
|
|
(13,125 |
) |
| Shell PLC, ADR |
|
|
658 |
|
|
|
04/05/24 |
|
|
|
USD |
|
|
|
64.00 |
|
|
|
USD |
|
|
|
4,411 |
|
|
|
(205,625 |
) |
| Albemarle Corp. |
|
|
35 |
|
|
|
04/12/24 |
|
|
|
USD |
|
|
|
145.00 |
|
|
|
USD |
|
|
|
461 |
|
|
|
(3,693 |
) |
| Alcoa Corp. |
|
|
460 |
|
|
|
04/12/24 |
|
|
|
USD |
|
|
|
30.00 |
|
|
|
USD |
|
|
|
1,554 |
|
|
|
(195,500 |
) |
| Cheniere Energy, Inc. |
|
|
85 |
|
|
|
04/12/24 |
|
|
|
USD |
|
|
|
160.00 |
|
|
|
USD |
|
|
|
1,371 |
|
|
|
(27,625 |
) |
| Freeport-McMoRan, Inc. |
|
|
1,000 |
|
|
|
04/12/24 |
|
|
|
USD |
|
|
|
41.00 |
|
|
|
USD |
|
|
|
4,702 |
|
|
|
(610,000 |
) |
| Nucor Corp. |
|
|
92 |
|
|
|
04/12/24 |
|
|
|
USD |
|
|
|
190.00 |
|
|
|
USD |
|
|
|
1,821 |
|
|
|
(82,110 |
) |
| AGCO Corp. |
|
|
258 |
|
|
|
04/19/24 |
|
|
|
USD |
|
|
|
115.17 |
|
|
|
USD |
|
|
|
3,174 |
|
|
|
(228,598 |
) |
| Alcoa Corp. |
|
|
184 |
|
|
|
04/19/24 |
|
|
|
USD |
|
|
|
30.00 |
|
|
|
USD |
|
|
|
622 |
|
|
|
(77,740 |
) |
| Avery Dennison Corp. |
|
|
178 |
|
|
|
04/19/24 |
|
|
|
USD |
|
|
|
210.00 |
|
|
|
USD |
|
|
|
3,974 |
|
|
|
(249,200 |
) |
| Barrick Gold Corp. |
|
|
650 |
|
|
|
04/19/24 |
|
|
|
USD |
|
|
|
17.00 |
|
|
|
USD |
|
|
|
1,082 |
|
|
|
(22,100 |
) |
| BHP Group Ltd., ADR |
|
|
956 |
|
|
|
04/19/24 |
|
|
|
USD |
|
|
|
61.53 |
|
|
|
USD |
|
|
|
5,515 |
|
|
|
(21,752 |
) |
| Bunge Global SA |
|
|
292 |
|
|
|
04/19/24 |
|
|
|
USD |
|
|
|
95.00 |
|
|
|
USD |
|
|
|
2,994 |
|
|
|
(239,440 |
) |
| CF Industries Holdings, Inc. |
|
|
148 |
|
|
|
04/19/24 |
|
|
|
USD |
|
|
|
82.50 |
|
|
|
USD |
|
|
|
1,232 |
|
|
|
(37,000 |
) |
| Chevron Corp. |
|
|
110 |
|
|
|
04/19/24 |
|
|
|
USD |
|
|
|
155.00 |
|
|
|
USD |
|
|
|
1,735 |
|
|
|
(48,400 |
) |
| ConocoPhillips |
|
|
171 |
|
|
|
04/19/24 |
|
|
|
USD |
|
|
|
115.00 |
|
|
|
USD |
|
|
|
2,176 |
|
|
|
(215,032 |
) |
| Corteva, Inc. |
|
|
600 |
|
|
|
04/19/24 |
|
|
|
USD |
|
|
|
56.72 |
|
|
|
USD |
|
|
|
3,460 |
|
|
|
(108,122 |
) |
| CRH PLC |
|
|
148 |
|
|
|
04/19/24 |
|
|
|
USD |
|
|
|
85.00 |
|
|
|
USD |
|
|
|
1,277 |
|
|
|
(51,430 |
) |
| Diamondback Energy, Inc. |
|
|
98 |
|
|
|
04/19/24 |
|
|
|
USD |
|
|
|
175.00 |
|
|
|
USD |
|
|
|
1,942 |
|
|
|
(235,200 |
) |
| Exxon Mobil Corp. |
|
|
897 |
|
|
|
04/19/24 |
|
|
|
USD |
|
|
|
105.00 |
|
|
|
USD |
|
|
|
10,427 |
|
|
|
(1,020,337 |
) |
| Filo Corp. |
|
|
202 |
|
|
|
04/19/24 |
|
|
|
CAD |
|
|
|
26.00 |
|
|
|
CAD |
|
|
|
478 |
|
|
|
(3,728 |
) |
| Franco-Nevada Corp. |
|
|
118 |
|
|
|
04/19/24 |
|
|
|
USD |
|
|
|
120.00 |
|
|
|
USD |
|
|
|
1,406 |
|
|
|
(36,580 |
) |
| Freeport-McMoRan, Inc. |
|
|
903 |
|
|
|
04/19/24 |
|
|
|
USD |
|
|
|
42.00 |
|
|
|
USD |
|
|
|
4,246 |
|
|
|
(467,302 |
) |
| Marathon Petroleum Corp. |
|
|
106 |
|
|
|
04/19/24 |
|
|
|
USD |
|
|
|
180.00 |
|
|
|
USD |
|
|
|
2,136 |
|
|
|
(238,765 |
) |
|
|
|
| Schedule of Investments (unaudited) (continued)
March 31, 2024 |
|
BlackRock Resources & Commodities Strategy Trust (BCX) |
Exchange-Traded Options Written (continued)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Description |
|
Number of
Contracts |
|
|
Expiration
Date |
|
|
Exercise Price |
|
|
Notional
Amount (000) |
|
|
Value |
|
| Call (continued) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Newmont Corp. |
|
|
328 |
|
|
|
04/19/24 |
|
|
|
USD |
|
|
|
37.50 |
|
|
|
USD |
|
|
|
1,176 |
|
|
$ |
(18,532) |
|
| Nutrien Ltd. |
|
|
476 |
|
|
|
04/19/24 |
|
|
|
USD |
|
|
|
55.00 |
|
|
|
USD |
|
|
|
2,585 |
|
|
|
(45,220) |
|
| Packaging Corp. of America |
|
|
182 |
|
|
|
04/19/24 |
|
|
|
USD |
|
|
|
170.00 |
|
|
|
USD |
|
|
|
3,454 |
|
|
|
(374,010) |
|
| Shell PLC, ADR |
|
|
960 |
|
|
|
04/19/24 |
|
|
|
USD |
|
|
|
67.50 |
|
|
|
USD |
|
|
|
6,436 |
|
|
|
(91,200) |
|
| Stelco Holdings, Inc. |
|
|
560 |
|
|
|
04/19/24 |
|
|
|
CAD |
|
|
|
41.00 |
|
|
|
CAD |
|
|
|
2,502 |
|
|
|
(177,771) |
|
| Vale SA, ADR |
|
|
905 |
|
|
|
04/19/24 |
|
|
|
USD |
|
|
|
13.00 |
|
|
|
USD |
|
|
|
1,103 |
|
|
|
(6,788) |
|
| Albemarle Corp. |
|
|
37 |
|
|
|
04/26/24 |
|
|
|
USD |
|
|
|
130.00 |
|
|
|
USD |
|
|
|
487 |
|
|
|
(30,710) |
|
| Alcoa Corp. |
|
|
314 |
|
|
|
04/26/24 |
|
|
|
USD |
|
|
|
35.00 |
|
|
|
USD |
|
|
|
1,061 |
|
|
|
(47,257) |
|
| ArcelorMittal SA, Registered Shares |
|
|
1,432 |
|
|
|
04/26/24 |
|
|
|
USD |
|
|
|
27.00 |
|
|
|
USD |
|
|
|
3,949 |
|
|
|
(164,680) |
|
| Barrick Gold Corp. |
|
|
916 |
|
|
|
04/26/24 |
|
|
|
USD |
|
|
|
16.00 |
|
|
|
USD |
|
|
|
1,524 |
|
|
|
(87,020) |
|
| Cheniere Energy, Inc. |
|
|
62 |
|
|
|
04/26/24 |
|
|
|
USD |
|
|
|
165.00 |
|
|
|
USD |
|
|
|
1,000 |
|
|
|
(13,175) |
|
| Chevron Corp. |
|
|
38 |
|
|
|
04/26/24 |
|
|
|
USD |
|
|
|
160.00 |
|
|
|
USD |
|
|
|
599 |
|
|
|
(9,101) |
|
| ConocoPhillips |
|
|
143 |
|
|
|
04/26/24 |
|
|
|
USD |
|
|
|
121.00 |
|
|
|
USD |
|
|
|
1,820 |
|
|
|
(107,607) |
|
| Exxon Mobil Corp. |
|
|
315 |
|
|
|
04/26/24 |
|
|
|
USD |
|
|
|
110.00 |
|
|
|
USD |
|
|
|
3,662 |
|
|
|
(215,775) |
|
| Freeport-McMoRan, Inc. |
|
|
575 |
|
|
|
04/26/24 |
|
|
|
USD |
|
|
|
45.00 |
|
|
|
USD |
|
|
|
2,704 |
|
|
|
(181,125) |
|
| Hess Corp. |
|
|
208 |
|
|
|
04/26/24 |
|
|
|
USD |
|
|
|
152.50 |
|
|
|
USD |
|
|
|
3,175 |
|
|
|
(93,600) |
|
| Newmont Corp. |
|
|
207 |
|
|
|
04/26/24 |
|
|
|
USD |
|
|
|
36.00 |
|
|
|
USD |
|
|
|
742 |
|
|
|
(28,773) |
|
| Nutrien Ltd. |
|
|
475 |
|
|
|
04/26/24 |
|
|
|
USD |
|
|
|
56.00 |
|
|
|
USD |
|
|
|
2,580 |
|
|
|
(40,375) |
|
| Shell PLC, ADR |
|
|
960 |
|
|
|
04/26/24 |
|
|
|
USD |
|
|
|
65.00 |
|
|
|
USD |
|
|
|
6,436 |
|
|
|
(266,400) |
|
| Vale SA, ADR |
|
|
673 |
|
|
|
04/26/24 |
|
|
|
USD |
|
|
|
12.50 |
|
|
|
USD |
|
|
|
820 |
|
|
|
(18,844) |
|
| Alcoa Corp. |
|
|
143 |
|
|
|
05/03/24 |
|
|
|
USD |
|
|
|
32.00 |
|
|
|
USD |
|
|
|
483 |
|
|
|
(44,402) |
|
| ArcelorMittal SA, Registered Shares |
|
|
1,067 |
|
|
|
05/03/24 |
|
|
|
USD |
|
|
|
28.00 |
|
|
|
USD |
|
|
|
2,943 |
|
|
|
(90,695) |
|
| Barrick Gold Corp. |
|
|
687 |
|
|
|
05/03/24 |
|
|
|
USD |
|
|
|
16.50 |
|
|
|
USD |
|
|
|
1,143 |
|
|
|
(40,190) |
|
| CF Industries Holdings, Inc. |
|
|
181 |
|
|
|
05/03/24 |
|
|
|
USD |
|
|
|
85.00 |
|
|
|
USD |
|
|
|
1,506 |
|
|
|
(44,345) |
|
| Cheniere Energy, Inc. |
|
|
106 |
|
|
|
05/03/24 |
|
|
|
USD |
|
|
|
165.00 |
|
|
|
USD |
|
|
|
1,710 |
|
|
|
(33,390) |
|
| Chevron Corp. |
|
|
140 |
|
|
|
05/03/24 |
|
|
|
USD |
|
|
|
160.00 |
|
|
|
USD |
|
|
|
2,208 |
|
|
|
(41,300) |
|
| Hess Corp. |
|
|
308 |
|
|
|
05/03/24 |
|
|
|
USD |
|
|
|
160.00 |
|
|
|
USD |
|
|
|
4,701 |
|
|
|
(80,080) |
|
| Newmont Corp. |
|
|
155 |
|
|
|
05/03/24 |
|
|
|
USD |
|
|
|
38.00 |
|
|
|
USD |
|
|
|
556 |
|
|
|
(13,330) |
|
| Shell PLC, ADR |
|
|
340 |
|
|
|
05/03/24 |
|
|
|
USD |
|
|
|
69.00 |
|
|
|
USD |
|
|
|
2,279 |
|
|
|
(28,900) |
|
| AGCO Corp. |
|
|
257 |
|
|
|
05/17/24 |
|
|
|
USD |
|
|
|
120.00 |
|
|
|
USD |
|
|
|
3,162 |
|
|
|
(172,190) |
|
| Barrick Gold Corp. |
|
|
1,000 |
|
|
|
05/17/24 |
|
|
|
USD |
|
|
|
17.00 |
|
|
|
USD |
|
|
|
1,664 |
|
|
|
(66,000) |
|
| BHP Group Ltd., ADR |
|
|
755 |
|
|
|
05/17/24 |
|
|
|
USD |
|
|
|
57.50 |
|
|
|
USD |
|
|
|
4,356 |
|
|
|
(177,425) |
|
| Bunge Global SA |
|
|
330 |
|
|
|
05/17/24 |
|
|
|
USD |
|
|
|
97.50 |
|
|
|
USD |
|
|
|
3,383 |
|
|
|
(202,950) |
|
| Canadian Natural Resources Ltd. |
|
|
941 |
|
|
|
05/17/24 |
|
|
|
CAD |
|
|
|
100.00 |
|
|
|
CAD |
|
|
|
9,723 |
|
|
|
(392,503) |
|
| ConocoPhillips |
|
|
87 |
|
|
|
05/17/24 |
|
|
|
USD |
|
|
|
125.00 |
|
|
|
USD |
|
|
|
1,107 |
|
|
|
(49,155) |
|
| CRH PLC |
|
|
148 |
|
|
|
05/17/24 |
|
|
|
USD |
|
|
|
84.15 |
|
|
|
USD |
|
|
|
1,277 |
|
|
|
(71,696) |
|
| Diamondback Energy, Inc. |
|
|
98 |
|
|
|
05/17/24 |
|
|
|
USD |
|
|
|
185.00 |
|
|
|
USD |
|
|
|
1,942 |
|
|
|
(177,870) |
|
| Exxon Mobil Corp. |
|
|
233 |
|
|
|
05/17/24 |
|
|
|
USD |
|
|
|
110.00 |
|
|
|
USD |
|
|
|
2,708 |
|
|
|
(176,497) |
|
| Filo Corp. |
|
|
202 |
|
|
|
05/17/24 |
|
|
|
CAD |
|
|
|
25.00 |
|
|
|
CAD |
|
|
|
478 |
|
|
|
(16,404) |
|
| Franco-Nevada Corp. |
|
|
118 |
|
|
|
05/17/24 |
|
|
|
USD |
|
|
|
120.00 |
|
|
|
USD |
|
|
|
1,406 |
|
|
|
(64,900) |
|
| Freeport-McMoRan, Inc. |
|
|
344 |
|
|
|
05/17/24 |
|
|
|
USD |
|
|
|
45.00 |
|
|
|
USD |
|
|
|
1,617 |
|
|
|
(129,000) |
|
| Marathon Petroleum Corp. |
|
|
141 |
|
|
|
05/17/24 |
|
|
|
USD |
|
|
|
195.00 |
|
|
|
USD |
|
|
|
2,841 |
|
|
|
(177,307) |
|
| Newmont Corp. |
|
|
450 |
|
|
|
05/17/24 |
|
|
|
USD |
|
|
|
37.50 |
|
|
|
USD |
|
|
|
1,613 |
|
|
|
(58,275) |
|
| Nutrien Ltd. |
|
|
475 |
|
|
|
05/17/24 |
|
|
|
USD |
|
|
|
55.00 |
|
|
|
USD |
|
|
|
2,580 |
|
|
|
(102,125) |
|
| Packaging Corp. of America |
|
|
196 |
|
|
|
05/17/24 |
|
|
|
USD |
|
|
|
187.50 |
|
|
|
USD |
|
|
|
3,720 |
|
|
|
(145,858) |
|
| Shell PLC, ADR |
|
|
930 |
|
|
|
05/17/24 |
|
|
|
USD |
|
|
|
67.50 |
|
|
|
USD |
|
|
|
6,235 |
|
|
|
(160,425) |
|
| Stelco Holdings, Inc. |
|
|
590 |
|
|
|
05/17/24 |
|
|
|
CAD |
|
|
|
44.00 |
|
|
|
CAD |
|
|
|
2,636 |
|
|
|
(145,916) |
|
| Vale SA, ADR |
|
|
673 |
|
|
|
05/17/24 |
|
|
|
USD |
|
|
|
13.00 |
|
|
|
USD |
|
|
|
820 |
|
|
|
(16,152) |
|
| Canadian Natural Resources Ltd. |
|
|
202 |
|
|
|
06/21/24 |
|
|
|
CAD |
|
|
|
98.00 |
|
|
|
CAD |
|
|
|
2,087 |
|
|
|
(119,674) |
|
| ConocoPhillips |
|
|
171 |
|
|
|
06/21/24 |
|
|
|
USD |
|
|
|
130.00 |
|
|
|
USD |
|
|
|
2,176 |
|
|
|
(76,095) |
|
| Exxon Mobil Corp. |
|
|
287 |
|
|
|
06/21/24 |
|
|
|
USD |
|
|
|
115.00 |
|
|
|
USD |
|
|
|
3,336 |
|
|
|
(149,240) |
|
| Stelco Holdings, Inc. |
|
|
590 |
|
|
|
06/21/24 |
|
|
|
CAD |
|
|
|
44.00 |
|
|
|
CAD |
|
|
|
2,636 |
|
|
|
(173,139) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
(10,296,955 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
OTC Options Written
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Description |
|
Counterparty |
|
Number of
Contracts |
|
|
Expiration
Date |
|
|
Exercise Price |
|
|
Notional
Amount (000) |
|
|
Value |
|
| Call |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| BP PLC |
|
UBS AG |
|
|
1,500,000 |
|
|
|
04/02/24 |
|
|
|
GBP |
|
|
|
4.81 |
|
|
|
GBP |
|
|
|
7,456 |
|
|
$ |
(285,025 |
) |
|
|
|
| S C H E D U L E O F I N
V E S T M E N T S |
|
3 |
|
|
|
| Schedule of Investments (unaudited) (continued)
March 31, 2024 |
|
BlackRock Resources & Commodities Strategy Trust (BCX) |
OTC Options Written (continued)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Description |
|
Counterparty |
|
Number of
Contracts |
|
|
Expiration
Date |
|
|
Exercise Price |
|
|
Notional
Amount (000) |
|
|
Value |
|
| Call (continued) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Glencore PLC |
|
Morgan Stanley & Co. International PLC |
|
|
461,400 |
|
|
|
04/02/24 |
|
|
|
GBP |
|
|
|
4.40 |
|
|
|
GBP |
|
|
|
2,006 |
|
|
$ |
(19,136 |
) |
| Smurfit Kappa Group PLC |
|
Goldman Sachs International |
|
|
115,400 |
|
|
|
04/02/24 |
|
|
|
EUR |
|
|
|
36.30 |
|
|
|
EUR |
|
|
|
4,877 |
|
|
|
(746,108 |
) |
| TotalEnergies SE |
|
Morgan Stanley & Co. International PLC |
|
|
258,800 |
|
|
|
04/02/24 |
|
|
|
EUR |
|
|
|
62.06 |
|
|
|
EUR |
|
|
|
16,502 |
|
|
|
(420,404 |
) |
| Corteva, Inc. |
|
Citibank N.A. |
|
|
51,500 |
|
|
|
04/03/24 |
|
|
|
USD |
|
|
|
56.37 |
|
|
|
USD |
|
|
|
2,970 |
|
|
|
(81,168 |
) |
| Rio Tinto PLC |
|
Bank of America N.A. |
|
|
124,400 |
|
|
|
04/03/24 |
|
|
|
GBP |
|
|
|
54.62 |
|
|
|
GBP |
|
|
|
6,232 |
|
|
|
(163 |
) |
| UPM-Kymmene OYJ |
|
Bank of America N.A. |
|
|
127,300 |
|
|
|
04/03/24 |
|
|
|
EUR |
|
|
|
29.33 |
|
|
|
EUR |
|
|
|
3,931 |
|
|
|
(218,328 |
) |
| BHP Group Ltd., ADR |
|
JPMorgan Chase Bank N.A. |
|
|
64,800 |
|
|
|
04/10/24 |
|
|
|
USD |
|
|
|
60.81 |
|
|
|
USD |
|
|
|
3,738 |
|
|
|
(9,361 |
) |
| UPM-Kymmene OYJ |
|
Goldman Sachs International |
|
|
53,400 |
|
|
|
04/16/24 |
|
|
|
EUR |
|
|
|
31.03 |
|
|
|
EUR |
|
|
|
1,649 |
|
|
|
(21,198 |
) |
| Avery Dennison Corp. |
|
JPMorgan Chase Bank N.A. |
|
|
12,900 |
|
|
|
04/24/24 |
|
|
|
USD |
|
|
|
220.18 |
|
|
|
USD |
|
|
|
2,880 |
|
|
|
(80,331 |
) |
| Saipem SpA |
|
Goldman Sachs International |
|
|
738,700 |
|
|
|
04/24/24 |
|
|
|
EUR |
|
|
|
2.34 |
|
|
|
EUR |
|
|
|
1,673 |
|
|
|
(54,495 |
) |
| Anglo American PLC |
|
Bank of America N.A. |
|
|
104,700 |
|
|
|
04/25/24 |
|
|
|
GBP |
|
|
|
18.56 |
|
|
|
GBP |
|
|
|
2,044 |
|
|
|
(182,548 |
) |
| BP PLC |
|
Bank of America N.A. |
|
|
267,100 |
|
|
|
04/25/24 |
|
|
|
GBP |
|
|
|
4.75 |
|
|
|
GBP |
|
|
|
1,328 |
|
|
|
(82,574 |
) |
| BP PLC |
|
Bank of America N.A. |
|
|
264,300 |
|
|
|
04/25/24 |
|
|
|
GBP |
|
|
|
4.79 |
|
|
|
GBP |
|
|
|
1,314 |
|
|
|
(69,406 |
) |
| Glencore PLC |
|
Bank of America N.A. |
|
|
955,400 |
|
|
|
04/25/24 |
|
|
|
GBP |
|
|
|
4.16 |
|
|
|
GBP |
|
|
|
4,154 |
|
|
|
(299,849 |
) |
| Smurfit Kappa Group PLC |
|
UBS AG |
|
|
152,500 |
|
|
|
04/25/24 |
|
|
|
EUR |
|
|
|
39.24 |
|
|
|
EUR |
|
|
|
6,445 |
|
|
|
(381,758 |
) |
| UPM-Kymmene OYJ |
|
Bank of America N.A. |
|
|
53,400 |
|
|
|
04/25/24 |
|
|
|
EUR |
|
|
|
30.45 |
|
|
|
EUR |
|
|
|
1,649 |
|
|
|
(45,151 |
) |
| Graphic Packaging Holding, Co. |
|
Bank of America N.A. |
|
|
69,800 |
|
|
|
04/29/24 |
|
|
|
USD |
|
|
|
24.38 |
|
|
|
USD |
|
|
|
2,037 |
|
|
|
(384,815 |
) |
| Rio Tinto PLC |
|
Bank of America N.A. |
|
|
53,000 |
|
|
|
04/30/24 |
|
|
|
GBP |
|
|
|
49.53 |
|
|
|
GBP |
|
|
|
2,655 |
|
|
|
(123,128 |
) |
| Saipem SpA |
|
Goldman Sachs International |
|
|
738,700 |
|
|
|
05/02/24 |
|
|
|
EUR |
|
|
|
2.34 |
|
|
|
EUR |
|
|
|
1,673 |
|
|
|
(66,083 |
) |
| Anglo American PLC |
|
Morgan Stanley & Co. International PLC |
|
|
65,300 |
|
|
|
05/07/24 |
|
|
|
GBP |
|
|
|
19.48 |
|
|
|
GBP |
|
|
|
1,275 |
|
|
|
(77,808 |
) |
| BP PLC |
|
Bank of America N.A. |
|
|
699,200 |
|
|
|
05/21/24 |
|
|
|
GBP |
|
|
|
5.15 |
|
|
|
GBP |
|
|
|
3,475 |
|
|
|
(60,892 |
) |
| Graphic Packaging Holding, Co. |
|
Bank of America N.A. |
|
|
104,000 |
|
|
|
05/28/24 |
|
|
|
USD |
|
|
|
29.00 |
|
|
|
USD |
|
|
|
3,035 |
|
|
|
(170,613 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
(3,880,342 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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.
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 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Chemicals |
|
$ |
56,794,218 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
56,794,218 |
|
| Construction Materials |
|
|
6,913,739 |
|
|
|
— |
|
|
|
— |
|
|
|
6,913,739 |
|
| Containers & Packaging |
|
|
51,696,479 |
|
|
|
33,579,091 |
|
|
|
— |
|
|
|
85,275,570 |
|
| Energy Equipment & Services |
|
|
— |
|
|
|
9,754,005 |
|
|
|
— |
|
|
|
9,754,005 |
|
|
|
|
| Schedule of Investments (unaudited) (continued)
March 31, 2024 |
|
BlackRock Resources & Commodities Strategy Trust (BCX) |
Fair Value Hierarchy as of Period End (continued)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
| |
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
|
Total |
|
| |
|
|
|
|
|
|
| Common Stocks (continued) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Food Products |
|
$ |
17,247,657 |
|
|
$ |
— |
|
|
$ |
7,400,321 |
|
|
$ |
24,647,978 |
|
| Machinery |
|
|
17,155,385 |
|
|
|
— |
|
|
|
— |
|
|
|
17,155,385 |
|
| Metals & Mining |
|
|
253,153,726 |
|
|
|
88,664,811 |
|
|
|
11 |
|
|
|
341,818,548 |
|
| Oil, Gas & Consumable Fuels |
|
|
249,170,806 |
|
|
|
78,818,427 |
|
|
|
587 |
|
|
|
327,989,820 |
|
| Paper & Forest Products |
|
|
— |
|
|
|
12,260,054 |
|
|
|
— |
|
|
|
12,260,054 |
|
| Corporate Bonds |
|
|
— |
|
|
|
7,200,000 |
|
|
|
— |
|
|
|
7,200,000 |
|
| Short-Term Securities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Money Market Funds |
|
|
12,751,769 |
|
|
|
— |
|
|
|
— |
|
|
|
12,751,769 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
664,883,779 |
|
|
$ |
230,276,388 |
|
|
$ |
7,400,919 |
|
|
$ |
902,561,086 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Derivative Financial Instruments(a) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Equity Contracts |
|
$ |
(9,720,929 |
) |
|
$ |
(4,456,368 |
) |
|
$ |
— |
|
|
$ |
(14,177,297 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
(a) |
Derivative financial instruments are options written. Options written are shown at value. |
|
Currency Abbreviation
|
|
|
|
|
| CAD |
|
Canadian Dollar |
|
|
| EUR |
|
Euro |
|
|
| GBP |
|
British Pound |
|
|
| USD |
|
United States Dollar |
Portfolio Abbreviation
|
|
|
|
|
| ADR |
|
American Depositary Receipt |
|
|
| PJSC |
|
Public Joint Stock Company |
|
|
|
| S C H E D U L E O F I N
V E S T M E N T S |
|
5 |
BlackRock Resources and ... (NYSE:BCX)
過去 株価チャート
から 5 2024 まで 6 2024
BlackRock Resources and ... (NYSE:BCX)
過去 株価チャート
から 6 2023 まで 6 2024
