# EDGAR Filing Document

**Accession Number:** 0001528988
**File Stem:** 0001410368-25-032209
**Filing Date:** 2025-11
**Character Count:** 85738
**Document Hash:** 1fc47c22272dc9e5c7b48223e1229c94
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-25-032209.hdr.sgml**: 20251126

**ACCESSION NUMBER**: 0001410368-25-032209

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251126

**DATE AS OF CHANGE**: 20251126

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BlackRock Utilities, Infrastructure & Power Opportunities Trust
- **CENTRAL INDEX KEY:** 0001528988

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22606
- **FILM NUMBER:** 251525936

**BUSINESS ADDRESS:**
- **STREET 1:** 100 BELLEVUE PARKWAY
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19809-3700
- **BUSINESS PHONE:** (800) 882-0052

**MAIL ADDRESS:**
- **STREET 1:** 100 BELLEVUE PARKWAY
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19809-3700

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BlackRock Utility & Infrastructure Trust
- **DATE OF NAME CHANGE:** 20110830

## Nport-Ex

September 30, 2025

2025 Quarterly Report <br>&nbsp;&nbsp;&nbsp;&nbsp;(Unaudited)<br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**BlackRock Utilities, Infrastructure & Power Opportunities Trust (BUI)**<br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**Not FDIC Insured • May Lose Value • No Bank Guarantee**<br>

------

Schedule of Investments (unaudited)

September 30, 2025

**BlackRock Utilities, Infrastructure & Power Opportunities Trust (BUI)** 

**(Percentages shown are based on Net Assets)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| *Security* | <br>*Shares*<br>| *Value* |
| **Common Stocks** | **Common Stocks** | **Common Stocks** |
| **Air Freight & Logistics — 0.6%** | **Air Freight & Logistics — 0.6%** |  |
| DSV A/S | 18548 | &nbsp;&nbsp; $3705344 |
| **Building Products — 8.4%** | **Building Products — 8.4%** |  |
| Cie de Saint-Gobain SA | 124958 | &nbsp;&nbsp; 13539400 |
| Kingspan Group PLC | 124980 | &nbsp;&nbsp; 10449699 |
| Owens Corning | 65876 | &nbsp;&nbsp; 9318819 |
| Trane Technologies PLC | 38715 | &nbsp;&nbsp; 16336181 |
|  |  | &nbsp;&nbsp; 49644099 |
| **Chemicals — 3.3%** | **Chemicals — 3.3%** |  |
| Air Liquide SA | 42889 | &nbsp;&nbsp; 8936210 |
| Linde PLC | 21674 | &nbsp;&nbsp; 10295150 |
|  |  | &nbsp;&nbsp; 19231360 |
| **Commercial Services & Supplies — 3.8%** | **Commercial Services & Supplies — 3.8%** |  |
| Republic Services, Inc. | 53161 | &nbsp;&nbsp; 12199386 |
| Waste Connections, Inc. | 57886 | &nbsp;&nbsp; 10176359 |
|  |  | &nbsp;&nbsp; 22375745 |
| **Construction & Engineering — 4.3%** | **Construction & Engineering — 4.3%** |  |
| Quanta Services, Inc. | 26538 | &nbsp;&nbsp; 10997878 |
| Vinci SA | 105246 | &nbsp;&nbsp; 14626246 |
|  |  | &nbsp;&nbsp; 25624124 |
| **Construction Materials — 0.7%** | **Construction Materials — 0.7%** |  |
| Heidelberg Materials AG | 19266 | &nbsp;&nbsp; 4354998 |
| **Electric Utilities — 28.0%** | **Electric Utilities — 28.0%** |  |
| American Electric Power Co., Inc.<sup>(a)</sup> | 134438 | &nbsp;&nbsp; 15124275 |
| Constellation Energy Corp.<sup>(b)</sup> | 52718 | &nbsp;&nbsp; 17347912 |
| Duke Energy Corp.<sup>(a)</sup> | 133830 | &nbsp;&nbsp; 16561462 |
| Elia Group SA/NV | 96521 | &nbsp;&nbsp; 11151174 |
| Enel SpA | 1808777 | &nbsp;&nbsp; 17140948 |
| Entergy Corp. | 120124 | &nbsp;&nbsp; 11194356 |
| FirstEnergy Corp. | 165824 | &nbsp;&nbsp; 7598056 |
| NextEra Energy, Inc.<sup>(a)(b)</sup> | 396738 | &nbsp;&nbsp; 29949752 |
| PG&E Corp. | 681368 | &nbsp;&nbsp; 10275029 |
| Southern Co. | 184704 | &nbsp;&nbsp; 17504398 |
| SSE PLC | 522371 | &nbsp;&nbsp; 12252572 |
|  |  | &nbsp;&nbsp; 166099934 |
| **Electrical Equipment — 16.2%** | **Electrical Equipment — 16.2%** |  |
| GE Vernova, Inc. | 29496 | &nbsp;&nbsp; 18137090 |
| Hubbell, Inc. | 10452 | &nbsp;&nbsp; 4497600 |
| Nexans SA | 69056 | &nbsp;&nbsp; 10283383 |
| NEXTracker, Inc., Class A<sup>(b)(c)</sup> | 135654 | &nbsp;&nbsp; 10037039 |
| Prysmian SpA | 89285 | &nbsp;&nbsp; 8885780 |
| Schneider Electric SE | 26941 | &nbsp;&nbsp; 7583145 |
| Siemens Energy AG<sup>(c)</sup> | 160982 | &nbsp;&nbsp; 18928122 |
| Vertiv Holdings Co., Class A | 51686 | &nbsp;&nbsp; 7797350 |
| Vestas Wind Systems A/S | 523263 | &nbsp;&nbsp; 9954145 |
|  |  | &nbsp;&nbsp; 96103654 |
| **Electronic Equipment, Instruments & Components — 1.0%** | **Electronic Equipment, Instruments & Components — 1.0%** |  |
| Hexagon AB, B shares | 497418 | &nbsp;&nbsp; 5935764 |
| **Ground Transportation — 1.6%** | **Ground Transportation — 1.6%** |  |
| Canadian Pacific Kansas City Ltd. | 126296 | &nbsp;&nbsp; 9406180 |

---

---

| | | |
|:---|:---|:---|
| *Security* | <br> *Shares*<br>| *Value* |
| **Independent Power and Renewable Electricity Producers — 5.9%** | **Independent Power and Renewable Electricity Producers — 5.9%** |  |
| Boralex, Inc., Class A<sup>(d)</sup> | 300656 | &nbsp;&nbsp; $5869673 |
| EDP Renovaveis SA | 1028888 | &nbsp;&nbsp; 13598361 |
| Northland Power, Inc. | 44991 | &nbsp;&nbsp; 753244 |
| Orron Energy AB<sup>(c)</sup> | 3401100 | &nbsp;&nbsp; 1743853 |
| Vistra Corp. | 64713 | &nbsp;&nbsp; 12678571 |
|  |  | &nbsp;&nbsp; 34643702 |
| **Multi-Utilities — 12.6%** | **Multi-Utilities — 12.6%** |  |
| CenterPoint Energy, Inc. | 307818 | &nbsp;&nbsp; 11943339 |
| CMS Energy Corp.<sup>(a)</sup> | 159466 | &nbsp;&nbsp; 11682479 |
| Dominion Energy, Inc. | 178918 | &nbsp;&nbsp; 10944414 |
| National Grid PLC | 1344358 | &nbsp;&nbsp; 19316622 |
| NiSource, Inc. | 202860 | &nbsp;&nbsp; 8783838 |
| Sempra<sup>(b)</sup> | 133446 | &nbsp;&nbsp; 12007471 |
|  |  | &nbsp;&nbsp; 74678163 |
| **Oil, Gas & Consumable Fuels — 9.9%** | **Oil, Gas & Consumable Fuels — 9.9%** |  |
| Cheniere Energy, Inc.<sup>(b)</sup> | 65832 | &nbsp;&nbsp; 15469203 |
| Hess Midstream LP, Class A | 103250 | &nbsp;&nbsp; 3567287 |
| Pembina Pipeline Corp. | 182548 | &nbsp;&nbsp; 7380884 |
| Targa Resources Corp. | 69138 | &nbsp;&nbsp; 11583381 |
| Williams Cos., Inc.<sup>(b)</sup> | 320535 | &nbsp;&nbsp; 20305892 |
|  |  | &nbsp;&nbsp; 58306647 |
| **Semiconductors & Semiconductor Equipment — 1.7%** | **Semiconductors & Semiconductor Equipment — 1.7%** |  |
| First Solar, Inc.<sup>(b)(c)</sup> | 46248 | &nbsp;&nbsp; 10199071 |
| **Total Long-Term Investments — 98.0%** <br>**(Cost: $368,979,513)** | **Total Long-Term Investments — 98.0%** <br>**(Cost: $368,979,513)** | &nbsp;&nbsp; 580308785 |
| **Short-Term Securities** | **Short-Term Securities** | **Short-Term Securities** |
| **Money Market Funds — 2.4%** | **Money Market Funds — 2.4%** |  |
| &nbsp;&nbsp;&nbsp; BlackRock Cash Funds: Institutional, SL Agency Shares, <br> 4.26%<sup>(e)(f)</sup><br>| 309031 | &nbsp;&nbsp; 309185 |
| &nbsp;&nbsp;&nbsp; BlackRock Liquidity Funds, T-Fund, Institutional Shares, <br> 4.01%<sup>(e)(f)</sup><br>| 14005907 | &nbsp;&nbsp; 14005907 |
| **Total Short-Term Securities — 2.4%** <br>**(Cost: $14,315,092)** | **Total Short-Term Securities — 2.4%** <br>**(Cost: $14,315,092)** | &nbsp;&nbsp; 14315092 |
| **Total Investments Before Options Written — 100.4%** <br>**(Cost: $383,294,605)** | **Total Investments Before Options Written — 100.4%** <br>**(Cost: $383,294,605)** | &nbsp;&nbsp; 594623877 |
| **Options Written — (0.9)%** <br>**(Premiums Received: $(4712201))** | **Options Written — (0.9)%** <br>**(Premiums Received: $(4712201))** | &nbsp;&nbsp; (5380333)<br>|
| **Total Investments, Net of Options Written — 99.5%** <br>**(Cost: $378,582,404)** | **Total Investments, Net of Options Written — 99.5%** <br>**(Cost: $378,582,404)** | &nbsp;&nbsp; 589243544 |
| **Other Assets Less Liabilities — 0.5%** | **Other Assets Less Liabilities — 0.5%** | &nbsp;&nbsp; 3222622 |
| **Net Assets — 100.0%** | **Net Assets — 100.0%** | &nbsp;&nbsp; $592466166 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

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

<sup>(b)</sup> All or a portion of the security has been pledged as collateral in connection with outstanding OTC derivatives. 

<sup>(c)</sup> Non-income producing security.

<sup>(d)</sup> All or a portion of this security is on loan.

<sup>(e)</sup> Affiliate of the Trust.

<sup>(f)</sup> Annualized 7-day yield as of period end.

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

------

Schedule of Investments (unaudited)(continued)

September 30, 2025

**BlackRock Utilities, Infrastructure & Power Opportunities Trust (BUI)** 

**Affiliates**

Investments in issuers considered to be affiliate(s) of the Trust during the period ended September 30, 2025 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| *Affiliated Issuer* | *Value at* <br>*12/31/24*<br>| *Proceeds* <br>*from Sales*<br>| *Net* <br>*Realized* <br>*Gain (Loss)*<br>| *Change in* <br>*Unrealized* <br>*Appreciation* <br>*(Depreciation)*<br>| *Value at* <br>*09/30/25*<br>| *Shares* <br>*Held at* <br>*09/30/25*<br>| *Income* | *Capital Gain* <br>*Distributions* <br>*from* <br>*Underlying* <br>*Funds*<br>|
| BlackRock Cash Funds: Institutional, SL Agency Shares | $—<br> $309738 <br><sup>(a)</sup><br>| &nbsp;&nbsp; $— | $(553)<br>| $— | $309185 | 309031 | $758 <br><sup>(b)</sup><br>| &nbsp;&nbsp; $— |
| BlackRock Liquidity Funds, T-Fund, Institutional Shares | 13062505<br> 943402 <br><sup>(a)</sup><br>| &nbsp;&nbsp; — |  |  | 14005907 | 14005907 | 393634 | &nbsp;&nbsp; — |
|  |  |  | $(553)<br>| $— | $14315092 |  | $394392 | &nbsp;&nbsp; $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Represents net amount purchased (sold).

<sup>(b)</sup> All or a portion represents securities lending income earned from the reinvestment of cash collateral from loaned securities, net of collateral investment fees, and other payments to and from borrowers of securities. 

**Derivative Financial Instruments Outstanding as of Period End**

**Exchange-Traded Options Written** 

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| *Description* | *Number of* <br>*Contracts*<br>| &nbsp;&nbsp; *Expiration* <br>*Date*<br>| *Exercise Price* | *Exercise Price* | &nbsp;&nbsp;&nbsp; *Notional* <br>*Amount (000)* | &nbsp;&nbsp;&nbsp; *Notional* <br>*Amount (000)* | *Value* |
| Call  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Cheniere Energy, Inc. | &nbsp;&nbsp; 78 | &nbsp;&nbsp;&nbsp;&nbsp; 10/03/25 | USD | 245.00 | USD | 1833 | &nbsp;&nbsp;&nbsp;&nbsp; $(5070)<br>|
| &nbsp;&nbsp;&nbsp; NextEra Energy, Inc. | &nbsp;&nbsp; 325 | &nbsp;&nbsp;&nbsp;&nbsp; 10/03/25 | USD | 74.00 | USD | 2453 | &nbsp;&nbsp;&nbsp;&nbsp; (61100)<br>|
| &nbsp;&nbsp;&nbsp; Cheniere Energy, Inc. | &nbsp;&nbsp; 70 | &nbsp;&nbsp;&nbsp;&nbsp; 10/10/25 | USD | 245.00 | USD | 1645 | &nbsp;&nbsp;&nbsp;&nbsp; (9450)<br>|
| &nbsp;&nbsp;&nbsp; Williams Cos., Inc. | &nbsp;&nbsp; 216 | &nbsp;&nbsp;&nbsp;&nbsp; 10/10/25 | USD | 59.00 | USD | 1368 | &nbsp;&nbsp;&nbsp;&nbsp; (90720)<br>|
| &nbsp;&nbsp;&nbsp; American Electric Power Co., Inc. | &nbsp;&nbsp; 267 | &nbsp;&nbsp;&nbsp;&nbsp; 10/17/25 | USD | 115.00 | USD | 3004 | &nbsp;&nbsp;&nbsp;&nbsp; (18023)<br>|
| &nbsp;&nbsp;&nbsp; Boralex, Inc., Class A | &nbsp;&nbsp; 458 | &nbsp;&nbsp;&nbsp;&nbsp; 10/17/25 | CAD | 31.00 | CAD | 1244 | &nbsp;&nbsp;&nbsp;&nbsp; (2633)<br>|
| &nbsp;&nbsp;&nbsp; Boralex, Inc., Class A | &nbsp;&nbsp; 765 | &nbsp;&nbsp;&nbsp;&nbsp; 10/17/25 | CAD | 28.00 | CAD | 2079 | &nbsp;&nbsp;&nbsp;&nbsp; (13193)<br>|
| &nbsp;&nbsp;&nbsp; Canadian Pacific Kansas City Ltd. | &nbsp;&nbsp; 250 | &nbsp;&nbsp;&nbsp;&nbsp; 10/17/25 | CAD | 105.00 | CAD | 2591 | &nbsp;&nbsp;&nbsp;&nbsp; (19221)<br>|
| &nbsp;&nbsp;&nbsp; Canadian Pacific Kansas City Ltd. | &nbsp;&nbsp; 192 | &nbsp;&nbsp;&nbsp;&nbsp; 10/17/25 | CAD | 107.00 | CAD | 1990 | &nbsp;&nbsp;&nbsp;&nbsp; (5449)<br>|
| &nbsp;&nbsp;&nbsp; CenterPoint Energy, Inc. | &nbsp;&nbsp; 498 | &nbsp;&nbsp;&nbsp;&nbsp; 10/17/25 | USD | 39.00 | USD | 1932 | &nbsp;&nbsp;&nbsp;&nbsp; (34291)<br>|
| &nbsp;&nbsp;&nbsp; CMS Energy Corp. | &nbsp;&nbsp; 279 | &nbsp;&nbsp;&nbsp;&nbsp; 10/17/25 | USD | 70.00 | USD | 2044 | &nbsp;&nbsp;&nbsp;&nbsp; (99045)<br>|
| &nbsp;&nbsp;&nbsp; Constellation Energy Corp. | &nbsp;&nbsp; 92 | &nbsp;&nbsp;&nbsp;&nbsp; 10/17/25 | USD | 340.00 | USD | 3027 | &nbsp;&nbsp;&nbsp;&nbsp; (80040)<br>|
| &nbsp;&nbsp;&nbsp; Dominion Energy, Inc. | &nbsp;&nbsp; 626 | &nbsp;&nbsp;&nbsp;&nbsp; 10/17/25 | USD | 62.50 | USD | 3829 | &nbsp;&nbsp;&nbsp;&nbsp; (25040)<br>|
| &nbsp;&nbsp;&nbsp; Duke Energy Corp. | &nbsp;&nbsp; 290 | &nbsp;&nbsp;&nbsp;&nbsp; 10/17/25 | USD | 125.00 | USD | 3589 | &nbsp;&nbsp;&nbsp;&nbsp; (34800)<br>|
| &nbsp;&nbsp;&nbsp; Entergy Corp. | &nbsp;&nbsp; 216 | &nbsp;&nbsp;&nbsp;&nbsp; 10/17/25 | USD | 95.00 | USD | 2013 | &nbsp;&nbsp;&nbsp;&nbsp; (19980)<br>|
| &nbsp;&nbsp;&nbsp; FirstEnergy Corp. | &nbsp;&nbsp; 580 | &nbsp;&nbsp;&nbsp;&nbsp; 10/17/25 | USD | 44.00 | USD | 2658 | &nbsp;&nbsp;&nbsp;&nbsp; (126150)<br>|
| &nbsp;&nbsp;&nbsp; Hubbell, Inc. | &nbsp;&nbsp; 19 | &nbsp;&nbsp;&nbsp;&nbsp; 10/17/25 | USD | 450.00 | USD | 818 | &nbsp;&nbsp;&nbsp;&nbsp; (7030)<br>|
| &nbsp;&nbsp;&nbsp; Linde PLC | &nbsp;&nbsp; 28 | &nbsp;&nbsp;&nbsp;&nbsp; 10/17/25 | USD | 480.00 | USD | 1330 | &nbsp;&nbsp;&nbsp;&nbsp; (16660)<br>|
| &nbsp;&nbsp;&nbsp; NextEra Energy, Inc. | &nbsp;&nbsp; 432 | &nbsp;&nbsp;&nbsp;&nbsp; 10/17/25 | USD | 77.50 | USD | 3261 | &nbsp;&nbsp;&nbsp;&nbsp; (36288)<br>|
| &nbsp;&nbsp;&nbsp; NiSource, Inc. | &nbsp;&nbsp; 454 | &nbsp;&nbsp;&nbsp;&nbsp; 10/17/25 | USD | 42.55 | USD | 1966 | &nbsp;&nbsp;&nbsp;&nbsp; (70520)<br>|
| &nbsp;&nbsp;&nbsp; Owens Corning | &nbsp;&nbsp; 125 | &nbsp;&nbsp;&nbsp;&nbsp; 10/17/25 | USD | 160.00 | USD | 1768 | &nbsp;&nbsp;&nbsp;&nbsp; (7813)<br>|
| &nbsp;&nbsp;&nbsp; Quanta Services, Inc. | &nbsp;&nbsp; 30 | &nbsp;&nbsp;&nbsp;&nbsp; 10/17/25 | USD | 390.00 | USD | 1243 | &nbsp;&nbsp;&nbsp;&nbsp; (88200)<br>|
| &nbsp;&nbsp;&nbsp; Republic Services, Inc. | &nbsp;&nbsp; 96 | &nbsp;&nbsp;&nbsp;&nbsp; 10/17/25 | USD | 240.00 | USD | 2203 | &nbsp;&nbsp;&nbsp;&nbsp; (4560)<br>|
| &nbsp;&nbsp;&nbsp; Southern Co. | &nbsp;&nbsp; 260 | &nbsp;&nbsp;&nbsp;&nbsp; 10/17/25 | USD | 95.00 | USD | 2464 | &nbsp;&nbsp;&nbsp;&nbsp; (34450)<br>|
| &nbsp;&nbsp;&nbsp; Targa Resources Corp. | &nbsp;&nbsp; 96 | &nbsp;&nbsp;&nbsp;&nbsp; 10/17/25 | USD | 180.00 | USD | 1608 | &nbsp;&nbsp;&nbsp;&nbsp; (11280)<br>|
| &nbsp;&nbsp;&nbsp; Vertiv Holdings Co., Class A | &nbsp;&nbsp; 69 | &nbsp;&nbsp;&nbsp;&nbsp; 10/17/25 | USD | 140.00 | USD | 1041 | &nbsp;&nbsp;&nbsp;&nbsp; (97808)<br>|
| &nbsp;&nbsp;&nbsp; Vistra Corp. | &nbsp;&nbsp; 140 | &nbsp;&nbsp;&nbsp;&nbsp; 10/17/25 | USD | 210.00 | USD | 2743 | &nbsp;&nbsp;&nbsp;&nbsp; (54600)<br>|
| &nbsp;&nbsp;&nbsp; Williams Cos., Inc. | &nbsp;&nbsp; 228 | &nbsp;&nbsp;&nbsp;&nbsp; 10/17/25 | USD | 60.00 | USD | 1444 | &nbsp;&nbsp;&nbsp;&nbsp; (86640)<br>|
| &nbsp;&nbsp;&nbsp; Cheniere Energy, Inc. | &nbsp;&nbsp; 82 | &nbsp;&nbsp;&nbsp;&nbsp; 10/24/25 | USD | 240.00 | USD | 1927 | &nbsp;&nbsp;&nbsp;&nbsp; (36490)<br>|
| &nbsp;&nbsp;&nbsp; NextEra Energy, Inc. | &nbsp;&nbsp; 631 | &nbsp;&nbsp;&nbsp;&nbsp; 10/24/25 | USD | 74.00 | USD | 4763 | &nbsp;&nbsp;&nbsp;&nbsp; (197187)<br>|
| &nbsp;&nbsp;&nbsp; Pembina Pipeline Corp. | &nbsp;&nbsp; 319 | &nbsp;&nbsp;&nbsp;&nbsp; 10/24/25 | CAD | 55.00 | CAD | 1795 | &nbsp;&nbsp;&nbsp;&nbsp; (41374)<br>|
| &nbsp;&nbsp;&nbsp; Vertiv Holdings Co., Class A | &nbsp;&nbsp; 111 | &nbsp;&nbsp;&nbsp;&nbsp; 10/24/25 | USD | 146.00 | USD | 1675 | &nbsp;&nbsp;&nbsp;&nbsp; (137085)<br>|
| &nbsp;&nbsp;&nbsp; Constellation Energy Corp. | &nbsp;&nbsp; 92 | &nbsp;&nbsp;&nbsp;&nbsp; 10/31/25 | USD | 350.00 | USD | 3027 | &nbsp;&nbsp;&nbsp;&nbsp; (88320)<br>|
| &nbsp;&nbsp;&nbsp; GE Vernova, Inc. | &nbsp;&nbsp; 120 | &nbsp;&nbsp;&nbsp;&nbsp; 10/31/25 | USD | 670.00 | USD | 7379 | &nbsp;&nbsp;&nbsp;&nbsp; (205800)<br>|
| &nbsp;&nbsp;&nbsp; Republic Services, Inc. | &nbsp;&nbsp; 85 | &nbsp;&nbsp;&nbsp;&nbsp; 10/31/25 | USD | 229.97 | USD | 1951 | &nbsp;&nbsp;&nbsp;&nbsp; (46692)<br>|
| &nbsp;&nbsp;&nbsp; Vistra Corp. | &nbsp;&nbsp; 86 | &nbsp;&nbsp;&nbsp;&nbsp; 10/31/25 | USD | 215.00 | USD | 1685 | &nbsp;&nbsp;&nbsp;&nbsp; (45580)<br>|
| &nbsp;&nbsp;&nbsp; Targa Resources Corp. | &nbsp;&nbsp; 145 | &nbsp;&nbsp;&nbsp;&nbsp; 11/04/25 | USD | 175.00 | USD | 2429 | &nbsp;&nbsp;&nbsp;&nbsp; (50244)<br>|
| &nbsp;&nbsp;&nbsp; Linde PLC | &nbsp;&nbsp; 44 | &nbsp;&nbsp;&nbsp;&nbsp; 11/07/25 | USD | 485.00 | USD | 2090 | &nbsp;&nbsp;&nbsp;&nbsp; (38078)<br>|
| &nbsp;&nbsp;&nbsp; Quanta Services, Inc. | &nbsp;&nbsp; 62 | &nbsp;&nbsp;&nbsp;&nbsp; 11/07/25 | USD | 400.00 | USD | 2569 | &nbsp;&nbsp;&nbsp;&nbsp; (185973)<br>|
| &nbsp;&nbsp;&nbsp; Williams Cos., Inc. | &nbsp;&nbsp; 677 | &nbsp;&nbsp;&nbsp;&nbsp; 11/07/25 | USD | 63.00 | USD | 4289 | &nbsp;&nbsp;&nbsp;&nbsp; (165865)<br>|
| &nbsp;&nbsp;&nbsp; CenterPoint Energy, Inc. | &nbsp;&nbsp; 579 | &nbsp;&nbsp;&nbsp;&nbsp; 11/21/25 | USD | 40.00 | USD | 2247 | &nbsp;&nbsp;&nbsp;&nbsp; (46320)<br>|

---

Schedule of Investments

------

Schedule of Investments (unaudited)(continued)

September 30, 2025

**BlackRock Utilities, Infrastructure & Power Opportunities Trust (BUI)** 

**Exchange-Traded Options Written (continued)**

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| *Description* | *Number of*<br> *Contracts*<br>| &nbsp;&nbsp; *Expiration*<br> *Date*<br>| *Exercise Price* | *Exercise Price* | &nbsp;&nbsp;&nbsp; *Notional*<br> *Amount (000)* | &nbsp;&nbsp;&nbsp; *Notional*<br> *Amount (000)* | *Value* |
| Call (continued) |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Hubbell, Inc. | &nbsp;&nbsp; 15 | &nbsp;&nbsp;&nbsp;&nbsp; 11/21/25 | USD | 450.00 | USD | 645 | &nbsp;&nbsp;&nbsp;&nbsp; $(20250)<br>|
| &nbsp;&nbsp;&nbsp; Owens Corning | &nbsp;&nbsp; 105 | &nbsp;&nbsp;&nbsp;&nbsp; 11/21/25 | USD | 160.00 | USD | 1485 | &nbsp;&nbsp;&nbsp;&nbsp; (25463)<br>|
|  |  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; $(2490775)<br>|

---

**OTC Options Written** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| *Description* | *Counterparty* | &nbsp;&nbsp; *Number of* <br>*Contracts*<br>| &nbsp;&nbsp; *Expiration* <br>*Date*<br>| *Exercise Price* | *Exercise Price* | *Notional* <br>*Amount (000)* | *Notional* <br>*Amount (000)* | *Value* |
| Call  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; CMS Energy Corp. | Goldman Sachs International | 27900 | 10/01/25 | USD | 76.35 | &nbsp;&nbsp; USD | 2044 | &nbsp;&nbsp; $(1564)<br>|
| &nbsp;&nbsp;&nbsp; EDP Renovaveis SA | BNP Paribas SA | 136400 | 10/03/25 | EUR | 9.91 | &nbsp;&nbsp; EUR | 1535 | &nbsp;&nbsp; (206247)<br>|
| &nbsp;&nbsp;&nbsp; SSE PLC | UBS AG | 69700 | 10/03/25 | GBP | 17.82 | &nbsp;&nbsp; GBP | 1216 | &nbsp;&nbsp; (1906)<br>|
| &nbsp;&nbsp;&nbsp; Vestas Wind Systems A/S | BNP Paribas SA | 26100 | 10/03/25 | DKK | 127.00 | &nbsp;&nbsp; DKK | 3157 | &nbsp;&nbsp; (517)<br>|
| &nbsp;&nbsp;&nbsp; Entergy Corp. | Citibank N.A. | 20400 | 10/07/25 | USD | 90.19 | &nbsp;&nbsp; USD | 1901 | &nbsp;&nbsp; (67561)<br>|
| &nbsp;&nbsp;&nbsp; PG&E Corp. | UBS AG | 30800 | 10/07/25 | USD | 15.46 | &nbsp;&nbsp; USD | 464 | &nbsp;&nbsp; (4564)<br>|
| &nbsp;&nbsp;&nbsp; EDP Renovaveis SA | Goldman Sachs International | 125000 | 10/08/25 | EUR | 10.63 | &nbsp;&nbsp; EUR | 1407 | &nbsp;&nbsp; (88653)<br>|
| &nbsp;&nbsp;&nbsp; SSE PLC | Barclays Bank PLC | 85000 | 10/08/25 | GBP | 18.01 | &nbsp;&nbsp; GBP | 1482 | &nbsp;&nbsp; (4742)<br>|
| &nbsp;&nbsp;&nbsp; Cie de Saint-Gobain SA | UBS AG | 25500 | 10/09/25 | EUR | 101.34 | &nbsp;&nbsp; EUR | 2353 | &nbsp;&nbsp; (1000)<br>|
| &nbsp;&nbsp;&nbsp; DSV A/S | Goldman Sachs International | 3400 | 10/09/25 | DKK | 1549.76 | &nbsp;&nbsp; DKK | 4319 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; Nexans SA | Goldman Sachs International | 6200 | 10/09/25 | EUR | 136.68 | &nbsp;&nbsp; EUR | 786 | &nbsp;&nbsp; (709)<br>|
| &nbsp;&nbsp;&nbsp; Prysmian SpA | Goldman Sachs International | 5100 | 10/09/25 | EUR | 76.14 | &nbsp;&nbsp; EUR | 432 | &nbsp;&nbsp; (48774)<br>|
| &nbsp;&nbsp;&nbsp; Siemens Energy AG | Bank of America N.A. | 28300 | 10/09/25 | EUR | 101.43 | &nbsp;&nbsp; EUR | 2834 | &nbsp;&nbsp; (50566)<br>|
| &nbsp;&nbsp;&nbsp; Nexans SA | Goldman Sachs International | 6200 | 10/14/25 | EUR | 133.41 | &nbsp;&nbsp; EUR | 786 | &nbsp;&nbsp; (4771)<br>|
| &nbsp;&nbsp;&nbsp; Siemens Energy AG | Goldman Sachs International | 26100 | 10/14/25 | EUR | 99.29 | &nbsp;&nbsp; EUR | 2614 | &nbsp;&nbsp; (93057)<br>|
| &nbsp;&nbsp;&nbsp; Vestas Wind Systems A/S | UBS AG | 74900 | 10/14/25 | DKK | 131.56 | &nbsp;&nbsp; DKK | 9059 | &nbsp;&nbsp; (7563)<br>|
| &nbsp;&nbsp;&nbsp; EDP Renovaveis SA | Bank of America N.A. | 160000 | 10/22/25 | EUR | 10.17 | &nbsp;&nbsp; EUR | 1801 | &nbsp;&nbsp; (203787)<br>|
| &nbsp;&nbsp;&nbsp; Pembina Pipeline Corp. | Goldman Sachs International | 31900 | 10/22/25 | CAD | 52.25 | &nbsp;&nbsp; CAD | 1795 | &nbsp;&nbsp; (103242)<br>|
| &nbsp;&nbsp;&nbsp; Sempra | Barclays Bank PLC | 33400 | 10/22/25 | USD | 82.44 | &nbsp;&nbsp; USD | 3005 | &nbsp;&nbsp; (271133)<br>|
| &nbsp;&nbsp;&nbsp; Air Liquide SA | Bank of America N.A. | 13300 | 10/28/25 | EUR | 178.05 | &nbsp;&nbsp; EUR | 2360 | &nbsp;&nbsp; (38273)<br>|
| &nbsp;&nbsp;&nbsp; Elia Group SA/NV | Goldman Sachs International | 12500 | 10/28/25 | EUR | 96.68 | &nbsp;&nbsp; EUR | 1230 | &nbsp;&nbsp; (54414)<br>|
| &nbsp;&nbsp;&nbsp; Enel SpA | BNP Paribas SA | 604900 | 10/28/25 | EUR | 7.96 | &nbsp;&nbsp; EUR | 4883 | &nbsp;&nbsp; (135055)<br>|
| &nbsp;&nbsp;&nbsp; Hexagon AB, Class B, Class B | BNP Paribas SA | 53400 | 10/28/25 | SEK | 110.48 | &nbsp;&nbsp; SEK | 5999 | &nbsp;&nbsp; (24349)<br>|
| &nbsp;&nbsp;&nbsp; National Grid PLC | Bank of America N.A. | 198400 | 10/28/25 | GBP | 10.57 | &nbsp;&nbsp; GBP | 2120 | &nbsp;&nbsp; (81166)<br>|
| &nbsp;&nbsp;&nbsp; Schneider Electric SE | Goldman Sachs International | 6000 | 10/28/25 | EUR | 238.84 | &nbsp;&nbsp; EUR | 1438 | &nbsp;&nbsp; (48777)<br>|
| &nbsp;&nbsp;&nbsp; SSE PLC | BNP Paribas SA | 24400 | 10/28/25 | GBP | 16.94 | &nbsp;&nbsp; GBP | 426 | &nbsp;&nbsp; (24573)<br>|
| &nbsp;&nbsp;&nbsp; PG&E Corp. | Bank of America N.A. | 116600 | 10/31/25 | USD | 15.55 | &nbsp;&nbsp; USD | 1758 | &nbsp;&nbsp; (54249)<br>|
| &nbsp;&nbsp;&nbsp; Air Liquide SA | Bank of America N.A. | 1000 | 11/04/25 | EUR | 178.45 | &nbsp;&nbsp; EUR | 177 | &nbsp;&nbsp; (3222)<br>|
| &nbsp;&nbsp;&nbsp; American Electric Power Co., Inc. | Goldman Sachs International | 19500 | 11/04/25 | USD | 109.69 | &nbsp;&nbsp; USD | 2194 | &nbsp;&nbsp; (143720)<br>|
| &nbsp;&nbsp;&nbsp; Cie de Saint-Gobain SA | Goldman Sachs International | 25700 | 11/04/25 | EUR | 97.59 | &nbsp;&nbsp; EUR | 2372 | &nbsp;&nbsp; (38291)<br>|
| &nbsp;&nbsp;&nbsp; Elia Group SA/NV | Barclays Bank PLC | 12500 | 11/04/25 | EUR | 99.75 | &nbsp;&nbsp; EUR | 1230 | &nbsp;&nbsp; (35443)<br>|
| &nbsp;&nbsp;&nbsp; Elia Group SA/NV | Citibank N.A. | 4100 | 11/04/25 | EUR | 97.92 | &nbsp;&nbsp; EUR | 403 | &nbsp;&nbsp; (15599)<br>|
| &nbsp;&nbsp;&nbsp; Enel SpA | Barclays Bank PLC | 71700 | 11/04/25 | EUR | 8.04 | &nbsp;&nbsp; EUR | 579 | &nbsp;&nbsp; (12821)<br>|
| &nbsp;&nbsp;&nbsp; Hexagon AB, Class B, Class B | Morgan Stanley & Co. International PLC | 67000 | 11/04/25 | SEK | 120.05 | &nbsp;&nbsp; SEK | 7527 | &nbsp;&nbsp; (6960)<br>|
| &nbsp;&nbsp;&nbsp; Kingspan Group PLC | Bank of America N.A. | 27300 | 11/04/25 | EUR | 68.73 | &nbsp;&nbsp; EUR | 1944 | &nbsp;&nbsp; (120377)<br>|
| &nbsp;&nbsp;&nbsp; National Grid PLC | Morgan Stanley & Co. International PLC | 106200 | 11/04/25 | GBP | 10.65 | &nbsp;&nbsp; GBP | 1135 | &nbsp;&nbsp; (41712)<br>|
| &nbsp;&nbsp;&nbsp; Prysmian SpA | Goldman Sachs International | 33300 | 11/04/25 | EUR | 86.16 | &nbsp;&nbsp; EUR | 2823 | &nbsp;&nbsp; (90962)<br>|
| &nbsp;&nbsp;&nbsp; Vinci SA | Bank of America N.A. | 35500 | 11/04/25 | EUR | 120.23 | &nbsp;&nbsp; EUR | 4202 | &nbsp;&nbsp; (72966)<br>|
| &nbsp;&nbsp;&nbsp; DSV A/S | Morgan Stanley & Co. International PLC | 3100 | 11/05/25 | DKK | 1335.67 | &nbsp;&nbsp; DKK | 3937 | &nbsp;&nbsp; (10240)<br>|
| &nbsp;&nbsp;&nbsp; Duke Energy Corp. | Barclays Bank PLC | 17000 | 11/05/25 | USD | 123.22 | &nbsp;&nbsp; USD | 2104 | &nbsp;&nbsp; (104419)<br>|
| &nbsp;&nbsp;&nbsp; Heidelberg Materials AG | Bank of America N.A. | 6500 | 11/05/25 | EUR | 192.66 | &nbsp;&nbsp; EUR | 1251 | &nbsp;&nbsp; (60418)<br>|
| &nbsp;&nbsp;&nbsp; Nexans SA | Bank of America N.A. | 10700 | 11/05/25 | EUR | 133.62 | &nbsp;&nbsp; EUR | 1357 | &nbsp;&nbsp; (30347)<br>|
| &nbsp;&nbsp;&nbsp; Schneider Electric SE | Bank of America N.A. | 3500 | 11/05/25 | EUR | 237.98 | &nbsp;&nbsp; EUR | 839 | &nbsp;&nbsp; (34914)<br>|
| &nbsp;&nbsp;&nbsp; Kingspan Group PLC | Morgan Stanley & Co. International PLC | 14600 | 11/07/25 | EUR | 72.79 | &nbsp;&nbsp; EUR | 1040 | &nbsp;&nbsp; (28948)<br>|
| &nbsp;&nbsp;&nbsp; National Grid PLC | Bank of America N.A. | 52100 | 11/07/25 | GBP | 10.83 | &nbsp;&nbsp; GBP | 557 | &nbsp;&nbsp; (15317)<br>|
| &nbsp;&nbsp;&nbsp; NiSource, Inc. | Barclays Bank PLC | 25600 | 11/07/25 | USD | 41.05 | &nbsp;&nbsp; USD | 1108 | &nbsp;&nbsp; (70240)<br>|
| &nbsp;&nbsp;&nbsp; PG&E Corp. | Morgan Stanley & Co. International PLC | 77500 | 11/07/25 | USD | 15.50 | &nbsp;&nbsp; USD | 1169 | &nbsp;&nbsp; (44673)<br>|
| &nbsp;&nbsp;&nbsp; Southern Co. | Citibank N.A. | 37700 | 11/07/25 | USD | 96.05 | &nbsp;&nbsp; USD | 3573 | &nbsp;&nbsp; (63992)<br>|
| &nbsp;&nbsp;&nbsp; Trane Technologies PLC | Barclays Bank PLC | 12800 | 11/07/25 | USD | 428.36 | &nbsp;&nbsp; USD | 5401 | &nbsp;&nbsp; (166305)<br>|
| &nbsp;&nbsp;&nbsp; Vestas Wind Systems A/S | Bank of America N.A. | 82100 | 11/07/25 | DKK | 126.88 | &nbsp;&nbsp; DKK | 9930 | &nbsp;&nbsp; (56460)<br>|
|  |  |  |  |  |  |  |  | &nbsp;&nbsp; $(2889558)<br>|

---

------

Schedule of Investments (unaudited)(continued)

September 30, 2025

**BlackRock Utilities, Infrastructure & Power Opportunities Trust (BUI)** 

**Fair Value Hierarchy as of Period End**

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

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 2 – Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 3 – Inputs that are unobservable and significant to the entire fair value measurement for the asset or liability (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 that may not have a secondary market and/or may have 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 |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Investments  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Long-Term Investments  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Common Stocks  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Air Freight & Logistics | &nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $3705344 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $3705344 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Building Products | &nbsp;&nbsp; 25655000 | &nbsp;&nbsp;&nbsp;&nbsp; 23989099 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 49644099 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Chemicals | &nbsp;&nbsp; 10295150 | &nbsp;&nbsp;&nbsp;&nbsp; 8936210 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 19231360 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Commercial Services & Supplies | &nbsp;&nbsp; 22375745 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 22375745 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Construction & Engineering | &nbsp;&nbsp; 10997878 | &nbsp;&nbsp;&nbsp;&nbsp; 14626246 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 25624124 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Construction Materials | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 4354998 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 4354998 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Electric Utilities | &nbsp;&nbsp; 125555240 | &nbsp;&nbsp;&nbsp;&nbsp; 40544694 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 166099934 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Electrical Equipment | &nbsp;&nbsp; 40469079 | &nbsp;&nbsp;&nbsp;&nbsp; 55634575 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 96103654 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Electronic Equipment, Instruments & Components | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 5935764 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 5935764 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ground Transportation | &nbsp;&nbsp; 9406180 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 9406180 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Independent Power and Renewable Electricity Producers | &nbsp;&nbsp; 19301488 | &nbsp;&nbsp;&nbsp;&nbsp; 15342214 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 34643702 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Multi-Utilities | &nbsp;&nbsp; 55361541 | &nbsp;&nbsp;&nbsp;&nbsp; 19316622 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 74678163 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Oil, Gas & Consumable Fuels | &nbsp;&nbsp; 58306647 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 58306647 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Semiconductors & Semiconductor Equipment | &nbsp;&nbsp; 10199071 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 10199071 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Short-Term Securities  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Money Market Funds | &nbsp;&nbsp; 14315092 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 14315092 |
|  | &nbsp;&nbsp; $402238111 | &nbsp;&nbsp;&nbsp;&nbsp; $192385766 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $594623877 |
| Derivative Financial Instruments<sup>(a)</sup> <br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Liabilities  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Equity Contracts | &nbsp;&nbsp; $(2064977)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $(3315356)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $(5380333)<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Derivative financial instruments are options written. Options written are shown at value.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **Currency Abbreviation**  | **Currency Abbreviation**  |
| CAD | Canadian Dollar |
| DKK | Danish Krone |
| EUR | Euro |
| GBP | British Pound |
| SEK | Swedish Krona |
| USD | United States Dollar |

---

Schedule of Investments

------

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** BlackRock Utilities, Infrastructure & Power Opportunities Trust

- **b. Investment Company Act file number:** 811-22606

- **c. CIK number of Registrant:** 0001528988

- **d. LEI of Registrant:** XL2HP568CJRFGPERYJ89

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 100 BELLEVUE PARKWAY

  - **City:** WILMINGTON

  - **State:** DE

  - **Foreign country:** US

  - **Zip / Postal Code:** 19809

  - **Telephone number:** 800-441-7762

**Item A.2. Information about the Series.**

- **a. Name of Series:** BlackRock Utilities, Infrastructure & Power Opportunities Trust

- **c. LEI of Series:** XL2HP568CJRFGPERYJ89

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-09-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $603752862.96

**Total Liabilities:** $12142331.78

**Net Assets:** $591610531.18

**Cash Not Reported:** $78681.49

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | 2.11%                | -0.11%               | 2.88%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $5762240.55              | $7811256.21                                |
| Month 2  | $467893.78               | $-5276015.06                               |
| Month 3  | $15053450.80             | $2399712.19                                |

**Designated Index Information**

- **Index Name:** MSCI World Select Energy Utilities and Industrials Call Overwrite Index

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                                       | Title                                                   | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| The Montreal Exchange / Bourse De Montreal | CANADIAN PACIFIC KANSAS CITY L                          | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | CA        |      -192 | NC      | $-5449.45     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                | OCT25 SU FP C @ 238.838                                 | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DE               |  | US        |     -6000 | NC      | $-48776.66    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO LLC                    | LIN US FLEX                                             | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               |  | US        |       -44 | NC      | $-38078.44    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| American Electric Power Co Inc             | American Electric Power Co Inc                          | CUSIP: 025537101<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | EC               | CORP              | US        |    134438 | NS      | $15124275.00  | 2.56%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF AMERICA NA                         | NOV25 HEI GY C @ 192.6609                               | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DE               |  | US        |     -6500 | NC      | $-60418.30    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                     | OWENS CORNING                                           | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |      -105 | NC      | $-25462.50    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | SEMPRA                                                  | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |      -133 | NC      | $-67165.00    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | REPUBLIC SERVICES INC                                   | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |       -96 | NC      | $-4560.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Vistra Corp                                | Vistra Corp                                             | CUSIP: 92840M102<br>LEI: 549300KP43CPCUJOOG15 | Long             | EC               | CORP              | US        |     64713 | NS      | $12678570.96  | 2.14%             |  |  |  | No            |                  1 | On Loan: No      |
| BARCLAYS BANK PLC                          | NOV25 NI US C @ 41.045                                  | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DE               |  | US        |    -25600 | NC      | $-70240.00    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| BANK OF AMERICA NA                         | NOV25 VWS DC C @ 126.882                                | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DE               |  | US        |    -82100 | NC      | $-56460.42    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                     | VISTRA CORP                                             | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |       -86 | NC      | $-45580.00    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Dominion Energy Inc                        | Dominion Energy Inc                                     | CUSIP: 25746U109<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | EC               | CORP              | US        |    178918 | NS      | $10944414.06  | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| BNP PARIBAS SA                             | OCT25 EDPR PL C @ 9.9137                                | CUSIP: 000000000<br>LEI: QHSFEYI7HUOXXZ413E03 | N/A              | DE               |  | US        |   -136400 | NC      | $-206246.56   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                          | NOV25 ELI BB C @ 99.747                                 | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DE               |  | US        |    -12500 | NC      | $-35442.69    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| BANK OF AMERICA NA                         | OCT25 EDPR PL C @ 10.1703                               | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DE               |  | US        |   -160000 | NC      | $-203787.02   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                | OCT25 PRY IM C @ 76.1376                                | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DE               |  | US        |     -5100 | NC      | $-48774.21    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| CITIBANK NA                                | NOV25 ELI BB C @ 97.9212                                | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DE               |  | US        |     -4100 | NC      | $-15598.98    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                | OCT25 PPL CN C @ 52.25                                  | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DE               |  | US        |    -31900 | NC      | $-103241.67   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| BNP PARIBAS SA                             | OCT25 SSE LN C @ 16.9438                                | CUSIP: 000000000<br>LEI: QHSFEYI7HUOXXZ413E03 | N/A              | DE               |  | US        |    -24400 | NC      | $-24572.94    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BANK OF AMERICA NA                         | NOV25 KRX ID C @ 68.7297                                | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DE               |  | US        |    -27300 | NC      | $-120377.41   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                     | AMERICAN ELECTRIC POWER CO INC                          | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |      -267 | NC      | $-18022.50    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| NextEra Energy Inc                         | NextEra Energy Inc                                      | CUSIP: 65339F101<br>LEI: 254900RHL9MEUS5NKX63 | Long             | EC               | CORP              | US        |    396738 | NS      | $29949751.62  | 5.06%             |  |  |  | No            |                  1 | On Loan: No      |
| BARCLAYS BANK PLC                          | NOV25 TT US C @ 428.358                                 | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DE               |  | US        |    -12800 | NC      | $-166304.90   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                     | VERTIV HOLDINGS CO                                      | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |      -111 | NC      | $-137085.00   | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | GE VERNOVA INC                                          | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |      -120 | NC      | $-205800.00   | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | HUBBELL INC                                             | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |       -19 | NC      | $-7030.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | DOMINION ENERGY INC                                     | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |      -626 | NC      | $-25040.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| CITIBANK NA                                | OCT25 ETR US C @ 90.193                                 | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DE               |  | US        |    -20400 | NC      | $-67560.92    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                     | WILLIAMS COS INC/THE                                    | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |      -216 | NC      | $-90720.00    | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Owens Corning                              | Owens Corning                                           | CUSIP: 690742101<br>LEI: JO5M6676RDJIZ2U8X907 | Long             | EC               | CORP              | US        |     65876 | NS      | $9318818.96   | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Williams Cos Inc/The                       | Williams Cos Inc/The                                    | CUSIP: 969457100<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | EC               | CORP              | US        |    320535 | NS      | $20305892.25  | 3.43%             |  |  |  | No            |                  1 | On Loan: No      |
| BARCLAYS BANK PLC                          | OCT25 SSE LN C @ 18.0138                                | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DE               |  | US        |    -85000 | NC      | $-4741.85     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                     | NEXTERA ENERGY INC                                      | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |      -325 | NC      | $-61100.00    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF AMERICA NA                         | NOV25 DG FP C @ 120.226                                 | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DE               |  | US        |    -35500 | NC      | $-72965.83    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                     | CONSTELLATION ENERGY CORP                               | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |       -92 | NC      | $-88320.00    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | NEXTERA ENERGY INC                                      | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |      -631 | NC      | $-197187.50   | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| Cheniere Energy Inc                        | Cheniere Energy Inc                                     | CUSIP: 16411R208<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | EC               | CORP              | US        |     65832 | NS      | $15469203.36  | 2.61%             |  |  |  | No            |                  1 | On Loan: No      |
| The Montreal Exchange / Bourse De Montreal | PEMBINA PIPELINE CORP                                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | CA        |      -319 | NC      | $-41373.50    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| The Montreal Exchange / Bourse De Montreal | BORALEX INC                                             | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | CA        |      -765 | NC      | $-13192.50    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | SOUTHERN CO/THE                                         | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |      -260 | NC      | $-34450.00    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Southern Co/The                            | Southern Co/The                                         | CUSIP: 842587107<br>LEI: 549300FC3G3YU2FBZD92 | Long             | EC               | CORP              | US        |    184704 | NS      | $17504398.08  | 2.96%             |  |  |  | No            |                  1 | On Loan: No      |
| UBS AG                                     | OCT25 PCG US C @ 15.463                                 | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DE               |  | IT        |    -30800 | NC      | $-4564.25     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Boralex Inc                                | Boralex Inc                                             | CUSIP: 09950M300<br>LEI: 5493004UT7HNQU2SVR90 | Long             | EC               | CORP              | CA        |    300656 | NS      | $5869672.72   | 0.99%             |  |  |  | No            |                  1 | On Loan: —       |
| BlackRock Funds III                        | BlackRock Cash Funds: Institutional, SL Agency Shares   | CUSIP: 066922519<br>LEI: 5493008LW2651I1QB503 | Long             | STIV             | RF                | US        |    310691 | NS      | $310846.23    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. INTERNATIONAL         | NOV25 NG. LN C @ 10.64923                               | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DE               |  | US        |   -106200 | NC      | $-41711.59    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                     | TARGA RESOURCES CORP                                    | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |       -96 | NC      | $-11280.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Enel SpA                                   | Enel SpA                                                | CUSIP: 000000000<br>LEI: WOCMU6HCI0OJWNPRZS33 | Long             | EC               | CORP              | IT        |   1808777 | NS      | $17140947.81  | 2.90%             |  |  |  | No            |                  2 | On Loan: No      |
| Targa Resources Corp                       | Targa Resources Corp                                    | CUSIP: 87612G101<br>LEI: 5493003QENHHS261UR94 | Long             | EC               | CORP              | US        |     69138 | NS      | $11583380.52  | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Vertiv Holdings Co                         | Vertiv Holdings Co                                      | CUSIP: 92537N108<br>LEI: 549300KTTIRAOGXCRV69 | Long             | EC               | CORP              | US        |     51686 | NS      | $7797349.96   | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO LLC                    | PWR.FLEX                                                | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               |  | US        |       -62 | NC      | $-185973.15   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| Pembina Pipeline Corp                      | Pembina Pipeline Corp                                   | CUSIP: 706327103<br>LEI: 5493002W3L9YICM6FU21 | Long             | EC               | CORP              | CA        |    182548 | NS      | $7380883.78   | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Northland Power Inc                        | Northland Power Inc                                     | CUSIP: 666511100<br>LEI: 8945002IJ77NEBK48M81 | Long             | EC               | CORP              | CA        |     23586 | NS      | $394879.50    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellation Energy Corp                  | Constellation Energy Corp                               | CUSIP: 21037T109<br>LEI: 549300F8Y20RYGNGV346 | Long             | EC               | CORP              | US        |     52718 | NS      | $17347912.26  | 2.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Trane Technologies PLC                     | Trane Technologies PLC                                  | CUSIP: 000000000<br>LEI: 549300BURLR9SLYY2705 | Long             | EC               | CORP              | IE        |     38715 | NS      | $16336181.40  | 2.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | NEXTERA ENERGY INC                                      | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |      -432 | NC      | $-36288.00    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Entergy Corp                               | Entergy Corp                                            | CUSIP: 29364G103<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | EC               | CORP              | US        |    120124 | NS      | $11194355.56  | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF AMERICA NA                         | OCT25 PCG US C @ 15.55                                  | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DE               |  | US        |   -116600 | NC      | $-54249.32    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| CITIBANK NA                                | NOV25 SO US C @ 96.053                                  | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DE               |  | US        |    -37700 | NC      | $-63991.60    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                     | DUKE ENERGY CORP                                        | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |      -290 | NC      | $-34800.00    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Hubbell Inc                                | Hubbell Inc                                             | CUSIP: 443510607<br>LEI: 54930088VDQ6840Y6597 | Long             | EC               | CORP              | US        |     10452 | NS      | $4497600.12   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock Liquidity Funds                  | BlackRock Liquidity Funds: T-Fund, Institutional Shares | CUSIP: 09248U718<br>LEI: 5493007YVNX55LTRQ706 | Long             | STIV             | RF                | US        |  14005907 | NS      | $14005906.65  | 2.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Sempra                                     | Sempra                                                  | CUSIP: 816851109<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | EC               | CORP              | US        |    133446 | NS      | $12007471.08  | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | CMS ENERGY CORP                                         | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |      -279 | NC      | $-99045.00    | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO LLC                    | TRGP.FLEX                                               | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               |  | US        |      -145 | NC      | $-50244.10    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| BNP PARIBAS SA                             | OCT25 VWS DC C @ 127.0046                               | CUSIP: 000000000<br>LEI: QHSFEYI7HUOXXZ413E03 | N/A              | DE               |  | US        |    -26100 | NC      | $-516.99      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Linde PLC                                  | Linde PLC                                               | CUSIP: 000000000<br>LEI: 5299003QR1WT0EF88V51 | Long             | EC               | CORP              | IE        |     21674 | NS      | $10295150.00  | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | VISTRA CORP                                             | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |      -140 | NC      | $-54600.00    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Quanta Services Inc                        | Quanta Services Inc                                     | CUSIP: 74762E102<br>LEI: SHVRXXEACT60MMH07S24 | Long             | EC               | CORP              | US        |     26538 | NS      | $10997877.96  | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| BNP PARIBAS SA                             | OCT25 ENEL IM C @ 7.9596                                | CUSIP: 000000000<br>LEI: QHSFEYI7HUOXXZ413E03 | N/A              | DE               |  | US        |   -604900 | NC      | $-135055.54   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| UBS AG                                     | OCT25 SGO FP C @ 101.3352                               | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DE               |  | US        |    -25500 | NC      | $-1000.54     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Kingspan Group PLC                         | Kingspan Group PLC                                      | CUSIP: 000000000<br>LEI: 635400HM7V74SUB9OG75 | Long             | EC               | CORP              | IE        |    124980 | NS      | $10449698.60  | 1.77%             |  |  |  | No            |                  2 | On Loan: No      |
| Air Liquide SA                             | Air Liquide SA                                          | CUSIP: 000000000<br>LEI: 969500MMPQVHK671GT54 | Long             | EC               | CORP              | FR        |     42889 | NS      | $8936209.75   | 1.51%             |  |  |  | No            |                  2 | On Loan: No      |
| CMS Energy Corp                            | CMS Energy Corp                                         | CUSIP: 125896100<br>LEI: 549300IA9XFBAGNIBW29 | Long             | EC               | CORP              | US        |    159466 | NS      | $11682479.16  | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Elia Group SA/NV                           | Elia Group SA/NV                                        | CUSIP: 000000000<br>LEI: 549300S1MP1NFDIKT460 | Long             | EC               | CORP              | BE        |     82881 | NS      | $9575330.13   | 1.62%             |  |  |  | No            |                  2 | On Loan: No      |
| Orron Energy ab                            | Orron Energy ab                                         | CUSIP: 000000000<br>LEI: 549300IULC8F8IGXKI15 | Long             | EC               | CORP              | SE        |   3401100 | NS      | $1743853.48   | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                     | OWENS CORNING                                           | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |      -125 | NC      | $-7812.50     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | WILLIAMS COS INC/THE                                    | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |      -228 | NC      | $-86640.00    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                | OCT25 ELI BB C @ 96.6819                                | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DE               |  | US        |    -12500 | NC      | $-54413.73    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                | OCT25 CMS US C @ 76.347                                 | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DE               |  | US        |    -27900 | NC      | $-1564.35     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                          | NOV25 DUK US C @ 123.216                                | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DE               |  | US        |    -17000 | NC      | $-104418.76   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Vestas Wind Systems A/S                    | Vestas Wind Systems A/S                                 | CUSIP: 000000000<br>LEI: 549300DYMC8BGZZC8844 | Long             | EC               | CORP              | DK        |    523263 | NS      | $9954145.12   | 1.68%             |  |  |  | No            |                  2 | On Loan: No      |
| DSV A/S                                    | DSV A/S                                                 | CUSIP: 000000000<br>LEI: 529900X41C0BSLK67H70 | Long             | EC               | CORP              | DK        |     18548 | NS      | $3705343.88   | 0.63%             |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                          | OCT25 SRE US C @ 82.436                                 | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DE               |  | US        |    -33400 | NC      | $-271133.52   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                     | CHENIERE ENERGY INC                                     | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |       -82 | NC      | $-36490.00    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Republic Services Inc                      | Republic Services Inc                                   | CUSIP: 760759100<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | EC               | CORP              | US        |     53161 | NS      | $12199386.28  | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| SSE PLC                                    | SSE PLC                                                 | CUSIP: 000000000<br>LEI: 549300KI75VYLLMSK856 | Long             | EC               | CORP              | GB        |    522371 | NS      | $12252572.03  | 2.07%             |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                | NOV25 SGO FP C @ 97.5903                                | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DE               |  | US        |    -25700 | NC      | $-38290.88    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                          | NOV25 ENEL IM C @ 8.035                                 | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DE               |  | US        |    -71700 | NC      | $-12821.37    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                | NOV25 AEP US C @ 109.694                                | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DE               |  | US        |    -19500 | NC      | $-143720.07   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                | OCT25 EDPR PL C @ 10.6284                               | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DE               |  | US        |   -125000 | NC      | $-88652.57    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| PG&E Corp                                  | PG&E Corp                                               | CUSIP: 69331C108<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | EC               | CORP              | US        |    681368 | NS      | $10275029.44  | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | CONSTELLATION ENERGY CORP                               | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |       -92 | NC      | $-80040.00    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Nexans SA                                  | Nexans SA                                               | CUSIP: 000000000<br>LEI: 96950015FU78G84UIV14 | Long             | EC               | CORP              | FR        |     69056 | NS      | $10283382.86  | 1.74%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO LLC                    | RSG.FLEX                                                | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               |  | US        |       -85 | NC      | $-46692.46    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                | OCT25 ENR GY C @ 99.2925                                | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DE               |  | US        |    -26100 | NC      | $-93056.73    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| CenterPoint Energy Inc                     | CenterPoint Energy Inc                                  | CUSIP: 15189T107<br>LEI: 21TPXMRRHFKOBHDC8J74 | Long             | EC               | CORP              | US        |    307818 | NS      | $11943338.40  | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| NiSource Inc                               | NiSource Inc                                            | CUSIP: 65473P105<br>LEI: 549300D8GOWWH0SJB189 | Long             | EC               | CORP              | US        |    202860 | NS      | $8783838.00   | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| FirstEnergy Corp                           | FirstEnergy Corp                                        | CUSIP: 337932107<br>LEI: 549300SVYJS666PQJH88 | Long             | EC               | CORP              | US        |    165824 | NS      | $7598055.68   | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | ENTERGY CORP                                            | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |      -216 | NC      | $-19980.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| EDP Renovaveis SA                          | EDP Renovaveis SA                                       | CUSIP: 000000000<br>LEI: 529900MUFAH07Q1TAX06 | Long             | EC               | CORP              | ES        |   1091742 | NS      | $14429074.40  | 2.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Duke Energy Corp                           | Duke Energy Corp                                        | CUSIP: 26441C204<br>LEI: I1BZKREC126H0VB1BL91 | Long             | EC               | CORP              | US        |    133830 | NS      | $16561462.50  | 2.80%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO LLC                    | NI US FLEX                                              | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               |  | US        |      -454 | NC      | $-70520.27    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| First Solar Inc                            | First Solar Inc                                         | CUSIP: 336433107<br>LEI: 549300NPYMLM4NHTOF27 | Long             | EC               | CORP              | US        |     46248 | NS      | $10199071.44  | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Waste Connections Inc                      | Waste Connections Inc                                   | CUSIP: 94106B101<br>LEI: 549300HDLRTPBQU69P29 | Long             | EC               | CORP              | CA        |     57886 | NS      | $10176358.80  | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Prysmian SpA                               | Prysmian SpA                                            | CUSIP: 000000000<br>LEI: 529900X0H1IO3RS1A464 | Long             | EC               | CORP              | IT        |     89285 | NS      | $8885779.57   | 1.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                     | HUBBELL INC                                             | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |       -15 | NC      | $-20250.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| GE Vernova Inc                             | GE Vernova Inc                                          | CUSIP: 36828A101<br>LEI: 254900DP080RU6OK2553 | Long             | EC               | CORP              | US        |     29496 | NS      | $18137090.40  | 3.07%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF AMERICA NA                         | OCT25 ENR GY C @ 101.4344                               | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DE               |  | US        |    -28300 | NC      | $-50565.76    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| The Montreal Exchange / Bourse De Montreal | CANADIAN PACIFIC KANSAS CITY L                          | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | CA        |      -250 | NC      | $-19221.10    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Heidelberg Materials AG                    | Heidelberg Materials AG                                 | CUSIP: 000000000<br>LEI: LZ2C6E0W5W7LQMX5ZI37 | Long             | EC               | CORP              | DE        |     19266 | NS      | $4354998.11   | 0.74%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. INTERNATIONAL         | NOV25 KRX ID C @ 72.7884                                | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DE               |  | US        |    -14600 | NC      | $-28947.62    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                     | CENTERPOINT ENERGY INC                                  | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |      -579 | NC      | $-46320.00    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                | OCT25 DSV DC C @ 1549.7631                              | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DE               |  | US        |     -3400 | NC      | $-0.06        | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                | NOV25 PRY IM C @ 86.1568                                | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DE               |  | US        |    -33300 | NC      | $-90962.45    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Vinci SA                                   | Vinci SA                                                | CUSIP: 000000000<br>LEI: 213800WFQ334R8UXUG83 | Long             | EC               | CORP              | FR        |    105246 | NS      | $14626245.52  | 2.47%             |  |  |  | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                     | QUANTA SERVICES INC                                     | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |       -30 | NC      | $-88200.00    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | CHENIERE ENERGY INC                                     | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |       -78 | NC      | $-5070.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. INTERNATIONAL         | NOV25 HEXA B SS C @ 120.054                             | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DE               |  | US        |    -67000 | NC      | $-6960.54     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BANK OF AMERICA NA                         | NOV25 AI FP C @ 178.4514                                | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DE               |  | US        |     -1000 | NC      | $-3221.68     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Hexagon AB                                 | Hexagon AB                                              | CUSIP: 000000000<br>LEI: 549300WJFW6ILNI4TA80 | Long             | EC               | CORP              | SE        |    497418 | NS      | $5935764.22   | 1.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UBS AG                                     | OCT25 SSE LN C @ 17.8186                                | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DE               |  | US        |    -69700 | NC      | $-1905.72     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| NEXTracker Inc                             | NEXTracker Inc                                          | CUSIP: 65290E101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    135654 | NS      | $10037039.46  | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                     | FIRSTENERGY CORP                                        | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |      -580 | NC      | $-126150.00   | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF AMERICA NA                         | OCT25 NG. LN C @ 10.5691                                | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DE               |  | US        |   -198400 | NC      | $-81166.43    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Hess Midstream LP                          | Hess Midstream LP                                       | CUSIP: 428103105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    103250 | NS      | $3567287.50   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO LLC                    | CNP.FLEX                                                | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               |  | US        |      -498 | NC      | $-34291.28    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Cie de Saint-Gobain SA                     | Cie de Saint-Gobain SA                                  | CUSIP: 000000000<br>LEI: NFONVGN05Z0FMN5PEC35 | Long             | EC               | CORP              | FR        |    146496 | NS      | $15873076.51  | 2.68%             |  |  |  | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                     | CHENIERE ENERGY INC                                     | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |       -70 | NC      | $-9450.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF AMERICA NA                         | NOV25 NEX FP C @ 133.62                                 | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DE               |  | US        |    -10700 | NC      | $-30346.85    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                     | VERTIV HOLDINGS CO                                      | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |       -69 | NC      | $-97807.50    | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| BNP PARIBAS SA                             | OCT25 HEXA B SS C @ 110.4828                            | CUSIP: 000000000<br>LEI: QHSFEYI7HUOXXZ413E03 | N/A              | DE               |  | US        |    -53400 | NC      | $-24348.83    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| The Montreal Exchange / Bourse De Montreal | BORALEX INC                                             | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | CA        |      -458 | NC      | $-2632.75     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| National Grid PLC                          | National Grid PLC                                       | CUSIP: 000000000<br>LEI: 8R95QZMKZLJX5Q2XR704 | Long             | EC               | CORP              | GB        |   1344358 | NS      | $19316622.76  | 3.27%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. INTERNATIONAL         | NOV25 PCG US C @ 15.495                                 | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DE               |  | IT        |    -77500 | NC      | $-44672.55    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                     | WILLIAMS COS INC/THE                                    | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |      -677 | NC      | $-165865.00   | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. INTERNATIONAL         | NOV25 DSV DC C @ 1335.67                                | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DE               |  | US        |     -3100 | NC      | $-10240.22    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                | OCT25 NEX FP C @ 133.4143                               | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DE               |  | US        |     -6200 | NC      | $-4770.95     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BANK OF AMERICA NA                         | NOV25 NG. LN C @ 10.8325                                | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DE               |  | US        |    -52100 | NC      | $-15317.14    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                | OCT25 NEX FP C @ 136.68                                 | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DE               |  | US        |     -6200 | NC      | $-709.28      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Siemens Energy AG                          | Siemens Energy AG                                       | CUSIP: 000000000<br>LEI: 5299005CHJZ14D4FDJ62 | Long             | EC               | CORP              | DE        |    160982 | NS      | $18928121.97  | 3.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Schneider Electric SE                      | Schneider Electric SE                                   | CUSIP: 000000000<br>LEI: 969500A1YF1XUYYXS284 | Long             | EC               | CORP              | FR        |     26941 | NS      | $7583144.68   | 1.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                     | LINDE PLC                                               | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | IE        |       -28 | NC      | $-16660.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF AMERICA NA                         | OCT25 AI FP C @ 178.0458                                | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DE               |  | US        |    -13300 | NC      | $-38272.68    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| BANK OF AMERICA NA                         | NOV25 SU FP C @ 237.9815                                | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DE               |  | US        |     -3500 | NC      | $-34913.67    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Canadian Pacific Kansas City Ltd           | Canadian Pacific Kansas City Ltd                        | CUSIP: 13646K108<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |    126296 | NS      | $9406179.78   | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| UBS AG                                     | OCT25 VWS DC C @ 131.5565                               | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DE               |  | US        |    -74900 | NC      | $-7563.22     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-29

**Name of Applicant:** BlackRock Utilities, Infrastructure & Power Opportunities Trust

**Signature:** Chuck Pulsfort

**Name of Signer:** Chuck Pulsfort

**Title:** Assistant Treasurer