BGY - BlackRock Enhanced International Dividend Trust

What this means for you

2 large investors own more than 5% of this fund but have told the regulator they are not seeking changes. That is common for banks, brokers and index funds that hold shares for their clients.

Nothing is required of you. If an investor changes its mind, it must file a new notice within days, and it will show up here.

Email me if this changes

What happened, and when

In the fund's last buy-back (results filed May 22, 2025), holders offered 24.6% of all shares and the fund bought about 10 of every 100 shares offered, so holders who took part got only part of what they offered. Results of the last buy-back →

1. May 7, 2026

   Morgan Stanley raised its stake to 10.1% (from 9.8%), as a passive investor.

   Original document →

2. Feb 11, 2026

   Morgan Stanley raised its stake to 9.8% (from 8.6%), as a passive investor.

   Original document →

3. July 14, 2025

   Allspring Global Investments Holdings, LLC cut its stake to 7.4% (from 8.5%), as a passive investor.

   Original document →

4. May 22, 2025

   The buy-back ended; holders offered 24.6% of all shares and the fund paid $6.0858 a share.

   Original document →

5. May 21, 2025

   The buy-back ended; an early count says holders offered 24.6% of all shares.

   Original document →

About this fund

• Run by BlackRock Advisors, LLC. Part of the BlackRock-advised Funds fund family. As of Dec 31, 2025, from the fund's yearly report. Original document →
• Size: about $579 million of holdings, as of June 30, 2026. As of June 30, 2026, from the fund's quarterly holdings report. Original document →
• Borrowing: the fund borrows about 3% on top of its own money, as of June 30, 2026. Borrowed money makes gains and losses bigger. As of June 30, 2026, from the fund's quarterly holdings report. Original document →
• Costs: 1% a year in management fees; 1.2% a year in total, including interest on borrowed money. Fiscal year ended Dec 31, 2025. As of Dec 31, 2025, from the fund's yearly report. Original document →
  Among the 53 funds we follow that invest in shares, 22 charge a lower management fee and 21 charge less in total, at their last yearly reports. Both numbers are measured against the fund's own money, not the money it borrows on top, so a fund that borrows more shows higher costs on both counts.
• Payouts: last fiscal year (ended Dec 31, 2025) the fund paid $0.51 a share. $0.11 of that was income; $0.31 came from gains; $0.09 was your own money back, not income. Most funds announce their monthly or quarterly payout on their own website, not in a filing with the regulator, so a cut or a raise there does not show up here until the next yearly report. A few funds do file a notice about a fixed payout; those appear under What happened, and when. As of Dec 31, 2025, from the fund's annual report. Original document →
• Value of holdings per share at the last fiscal year end (Dec 31, 2025): $6.30. The shares traded at $5.88, about 6.7% below that. As of Dec 31, 2025, from the fund's yearly report. Original document →
• How the holdings did: up 8.9% over the last three months we have (April-June 2026), before the share price is taken into account. As of June 30, 2026, from the fund's quarterly holdings report. Original document →
• First reported to the regulator in 2007.

How this has changed

• Payouts per share: $0.51 in the fiscal year ended Dec 31, 2025; $0.41 in the year ended Dec 31, 2024; $0.41 in the year ended Dec 31, 2023.As of Dec 31, 2025, from the fund's annual report. Original document →
• Of that, your own money back rather than income: $0.09 in the year ended Dec 31, 2025; none in the year ended Dec 31, 2024; $0.24 in the year ended Dec 31, 2023.As of Dec 31, 2025, from the fund's annual report. Original document →
• Costs, including interest on borrowed money: 1.2% a year in the fiscal year ended Dec 31, 2025; 1.19% a year in the year ended Dec 31, 2024; 1.1% a year in the year ended Dec 31, 2023.As of Dec 31, 2025, from the fund's annual report. Original document →
• Size of the holdings: about $571 million at Dec 31, 2025; $563 million at Dec 31, 2024; $623 million at Dec 31, 2023. From the fund's quarterly holdings reports. Original documents: Dec 31, 2025 →, Dec 31, 2024 →, Dec 31, 2023 →.
• Borrowing: about 3% on top of its own money at Dec 31, 2025; 2% at Dec 31, 2024; 3% at Dec 31, 2023. From the fund's quarterly holdings reports. Original documents: Dec 31, 2025 →, Dec 31, 2024 →, Dec 31, 2023 →.
• The fund had about 90.6 million shares at Dec 31, 2025, down 9.7% from Dec 31, 2023.As of Dec 31, 2025, from the fund's annual report. Original document →
  In between, the fund bought back shares. Original document →

What these lines mean: a payout that is your own money back, what a fund costs, borrowing.

What a holder made

• The year ended Dec 31, 2025: the shares returned +21%, counting payouts; the holdings +16.5%. The holdings figure is what the fund's investments earned, before the share price is taken into account. As of Dec 31, 2025, from the fund's annual report. Original document →
• The year ended Dec 31, 2024: the shares returned +8.6%, counting payouts; the holdings +2.6%. As of Dec 31, 2024, from the fund's annual report. Original document →
• The year ended Dec 31, 2023: the shares returned +13.3%, counting payouts; the holdings +15.9%. As of Dec 31, 2023, from the fund's annual report. Original document →
• The year ended Dec 31, 2022: the shares returned -13.7%, counting payouts; the holdings -8.3%. As of Dec 31, 2022, from the fund's annual report. Original document →
• The year ended Dec 31, 2021: the shares returned +14.1%, counting payouts; the holdings +11.9%. As of Dec 31, 2021, from the fund's annual report. Original document →
• Those five years together: the shares returned +46.7%. $10,000 of shares bought at the start (Jan 1, 2021) would have become about $14,700 by Dec 31, 2025, with every payout counted, before tax. As of Dec 31, 2025, from the fund's annual report. Original document →
• The holdings over the last twelve months we have, to June 30, 2026: +11.3%. The quarterly reports carry no share price, so this is the holdings alone. As of June 30, 2026, from the fund's quarterly holdings report. Original document →
• Of the 46 funds that invest in shares with a fiscal year ending within six months of this one, 19 reported a higher share return for that year and 26 a lower one. As of Dec 31, 2025, from the fund's annual report. Original document →
• A past year says nothing about the next one. All figures are the fund's own, from its reports to the regulator.

Why the shares and the holdings can differ: the gap between price and value. Why payouts count: a payout that is your own money back.

What the fund holds

Mostly shares (98%), the rest preferred shares. About 0% issued in the U.S.

The fund also sells options on its holdings to raise income.

1. Taiwan Semiconductor Manufacturing - 7.5%
2. Samsung Electronics - 5.2%
3. SK hynix - 3.7%
4. Tencent Holdings - 3.5%
5. ASM International NV - 3.4%
6. Mitsubishi UFJ Financial Group - 3%
7. BAE Systems PLC - 3%
8. Sony Group - 2.9%
9. AstraZeneca PLC - 2.8%
10. Allianz SE - 2.7%

As of June 30, 2026, from the fund's quarterly holdings report. Original document →