The BlackRock Enhanced International Dividend Trust offers high-yield international equity exposure, explicitly excluding U.S. stocks for diversification. BGY's largest holdings—TSMC, Samsung Electronics, and SK hynix—have surged due to AI-driven data center demand, but this concentration poses a sector risk. The fund underperformed the ACWX index on price but delivered a 19.3% total return over 18 months, aided by an 8.95% yield and option-writing strategy.