UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number 811-21784

Name of Fund: BlackRock Enhanced Dividend AchieversTM Trust (BDJ)

Fund Address: 100 Bellevue Parkway, Wilmington, DE 19809

Name and address of agent for service: Anne F. Ackerley, Chief Executive Officer, BlackRock Enhanced Dividend AchieversTM Trust, 40 East 52nd Street, New York, NY 10022.

Registrant’s telephone number, including area code: (800) 882-0052, Option 4

Date of fiscal year end: 10/31/2009

Date of reporting period: 07/31/2009


 

 

Item 1 – Schedule of Investments

 

 

Schedule of Investments July 31, 2009 (Unaudited)

BlackRock Enhanced Dividend Achievers™ Trust (BDJ)

 

(Percentages shown are based on Net Assets)

 

 

 

 

 

 

 

 

Common Stocks

 

Shares

 

Value

 

Aerospace & Defense—2.2%

 

 

 

 

 

 

 

General Dynamics Corp.

 

 

63,900

 

$

3,539,421

 

United Technologies Corp.

 

 

164,000

 

 

8,933,080

 

 

 

 

 

 

 

 

 

 

 

 

 

12,472,501

 

Automotive—0.4%

 

 

 

 

 

 

 

Johnson Controls, Inc.

 

 

96,200

 

 

2,489,656

 

Basic Materials—3.0%

 

 

 

 

 

 

 

Nucor Corp.

 

 

63,700

 

 

2,832,739

 

PPG Industries, Inc.

 

 

79,450

 

 

4,369,750

 

Praxair, Inc.

 

 

37,800

 

 

2,955,204

 

RPM International, Inc.

 

 

246,100

 

 

3,927,756

 

Sherwin-Williams Co. (The)

 

 

25,200

 

 

1,455,300

 

Vulcan Materials Co.

 

 

29,100

 

 

1,381,668

 

 

 

 

 

 

 

 

 

 

 

 

 

16,922,417

 

Building & Development—0.2%

 

 

 

 

 

 

 

Masco Corp.

 

 

98,700

 

 

1,374,891

 

Consumer Products—28.2%

 

 

 

 

 

 

 

Altria Group, Inc. (a)

 

 

570,700

 

 

10,004,371

 

Archer-Daniels-Midland Co.

 

 

86,800

 

 

2,614,416

 

Clorox Co.

 

 

47,700

 

 

2,910,177

 

Coca-Cola Co. (The)

 

 

475,300

 

 

23,688,952

 

Colgate-Palmolive Co.

 

 

80,200

 

 

5,809,688

 

Family Dollar Stores, Inc.

 

 

38,400

 

 

1,206,528

 

Fastenal Co.

 

 

39,400

 

 

1,401,458

 

H&R Block, Inc.

 

 

74,600

 

 

1,245,074

 

Harley-Davidson, Inc.

 

 

103,925

 

 

2,348,705

 

Hershey Co. (The)

 

 

35,900

 

 

1,434,205

 

Home Depot, Inc.

 

 

103,100

 

 

2,674,414

 

Kimberly-Clark Corp.

 

 

94,100

 

 

5,500,145

 

Lowe’s Cos., Inc.

 

 

274,800

 

 

6,172,008

 

McDonald’s Corp.

 

 

281,900

 

 

15,521,414

 

PepsiCo, Inc.

 

 

236,700

 

 

13,432,725

 

Philip Morris International, Inc.

 

 

224,400

 

 

10,457,040

 

Procter & Gamble Co. (The)

 

 

258,300

 

 

14,338,233

 

Sysco Corp.

 

 

109,600

 

 

2,604,096

 

Target Corp.

 

 

151,300

 

 

6,599,706

 

TJX Cos., Inc.

 

 

91,800

 

 

3,325,914

 

Universal Corp.

 

 

73,161

 

 

2,785,239

 

VF Corp.

 

 

22,000

 

 

1,423,180

 

Wal-Mart Stores, Inc.

 

 

417,900

 

 

20,844,852

 

 

 

 

 

 

 

 

 

 

 

 

 

158,342,540

 

Energy—8.4%

 

 

 

 

 

 

 

Chevron Corp.

 

 

360,100

 

 

25,016,147

 

Exxon Mobil Corp.

 

 

317,600

 

 

22,355,864

 

 

 

 

 

 

 

 

 

 

 

 

 

47,372,011

 

Financial Institutions—11.0%

 

 

 

 

 

 

 

Aflac, Inc.

 

 

104,400

 

 

3,952,584

 

Allstate Corp. (The)

 

 

101,400

 

 

2,728,674

 

Associated Banc-Corp.

 

 

78,100

 

 

846,604

 

Bank of Hawaii Corp.

 

 

71,100

 

 

2,728,107

 

BB&T Corp.

 

 

289,100

 

 

6,614,608

 

Chubb Corp.

 

 

62,000

 

 

2,863,160

 

Mercury General Corp.

 

 

41,700

 

 

1,462,419

 

Northern Trust Corp.

 

 

27,600

 

 

1,650,756

 

State Street Corp.

 

 

23,200

 

 

1,166,960

 

T. Rowe Price Group, Inc.

 

 

74,500

 

 

3,479,895

 

TCF Financial Corp.

 

 

207,900

 

 

2,939,706

 

U.S. Bancorp

 

 

393,700

 

 

8,035,417

 

Valley National Bancorp

 

 

106,300

 

 

1,352,136

 

Wells Fargo & Co.

 

 

892,740

 

 

21,836,420

 

 

 

 

 

 

 

 

 

 

 

 

 

61,657,446

 

Health Care—5.6%

 

 

 

 

 

 

 

Becton Dickinson & Co.

 

 

44,700

 

 

2,912,205

 

Johnson & Johnson (a)

 

 

340,000

 

 

20,702,600

 

Medtronic, Inc.

 

 

215,700

 

 

7,640,094

 

 

 

 

 

 

 

 

 

 

 

 

 

31,254,899

 

Industrials—21.0%

 

 

 

 

 

 

 

3M Co.

 

 

255,400

 

 

18,010,808

 

Abbott Laboratories

 

 

388,200

 

 

17,465,118

 

 

 

 

 

 

 

 

 

Common Stocks

 

Shares

 

Value

 

Industrials— (concluded)

 

 

 

 

 

 

 

Caterpillar, Inc.

 

 

144,400

 

$

6,362,264

 

Dover Corp.

 

 

45,000

 

 

1,530,450

 

Eli Lilly & Co.

 

 

449,400

 

 

15,679,566

 

Emerson Electric Co.

 

 

274,000

 

 

9,968,120

 

General Electric Co.

 

 

1,385,500

 

 

18,565,700

 

Leggett & Platt, Inc.

 

 

60,231

 

 

1,045,008

 

Parker Hannifin Corp.

 

 

32,500

 

 

1,439,100

 

Pfizer, Inc.

 

 

1,448,700

 

 

23,077,791

 

Stanley Works (The)

 

 

79,500

 

 

3,191,925

 

W.W. Grainger, Inc.

 

 

18,000

 

 

1,618,380

 

 

 

 

 

 

 

 

 

 

 

 

 

117,954,230

 

Media—0.3%

 

 

 

 

 

 

 

McGraw-Hill Cos., Inc. (The)

 

 

47,400

 

 

1,485,990

 

Real Estate Investment Trust—1.2%

 

 

 

 

 

 

 

HCP, Inc.

 

 

71,000

 

 

1,828,960

 

Liberty Property Trust

 

 

50,900

 

 

1,413,493

 

Realty Income Corp. (b)

 

 

71,200

 

 

1,678,896

 

Vornado Realty Trust

 

 

31,937

 

 

1,629,426

 

 

 

 

 

 

 

 

 

 

 

 

 

6,550,775

 

Technology—6.9%

 

 

 

 

 

 

 

Automatic Data Processing, Inc.

 

 

100,460

 

 

3,742,135

 

International Business Machines Corp.

 

 

226,700

 

 

26,734,731

 

Linear Technology Corp.

 

 

106,800

 

 

2,869,716

 

Paychex, Inc.

 

 

61,100

 

 

1,619,150

 

Pitney Bowes, Inc.

 

 

167,546

 

 

3,459,825

 

 

 

 

 

 

 

 

 

 

 

 

 

38,425,557

 

Telecommunications—5.6%

 

 

 

 

 

 

 

AT&T Inc.

 

 

894,600

 

 

23,465,358

 

CenturyTel, Inc.

 

 

259,100

 

 

8,133,149

 

 

 

 

 

 

 

 

 

 

 

 

 

31,598,507

 

Transportation—0.3%

 

 

 

 

 

 

 

C.H. Robinson Worldwide, Inc.

 

 

33,500

 

 

1,826,755

 

Utilities—4.2%

 

 

 

 

 

 

 

Atmos Energy Corp. (a)

 

 

136,200

 

 

3,699,192

 

Consolidated Edison, Inc.

 

 

162,000

 

 

6,376,320

 

FPL Group, Inc.

 

 

63,700

 

 

3,609,879

 

Progress Energy, Inc.

 

 

195,400

 

 

7,706,576

 

Vectren Corp.

 

 

78,700

 

 

1,932,872

 

 

 

 

 

 

 

 

 

 

 

 

 

23,324,839

 

Total Long-Term Investments
(Cost—$655,492,402)—98.5%

 

 

 

 

 

553,053,014

 
               

 

 

 

 

 

 

 

 

Short-Term Securities

 

Shares/Beneficial
Interest

 

 

 

BlackRock Liquidity Funds, TempFund,
0.29% (c)(d)

 

 

11,621,393

 

 

11,621,393

 

BlackRock Liquidity Series, LLC Money
Market Series, 0.44% (c)(d)(e)

 

 

367,500

 

 

367,500

 

Total Short-Term Securities
(Cost—$11,988,893)—2.2%

 

 

 

 

 

11,988,893

 

Total Investments Before Outstanding Options Written
(Cost—$667,481,295*)—100.7%

 

 

 

 

 

565,041,907

 

 

 

 

 

 

 

 

 

Options Written

 

Contracts

 

 

 

Exchange-Traded Call Options Written—(1.7)%

 

 

 

 

 

 

 

3M Co., Strike Price $60, Expires 8/24/09

 

 

(586

)

 

(624,090

)

Abbott Laboratories, Strike Price $46,
Expires 8/24/09

 

 

(200

)

 

(10,000

)

Abbott Laboratories, Strike Price $48,
Expires 9/21/09

 

 

(970

)

 

(43,650

)

Aflac, Inc., Strike Price $32, Expires
8/24/09

 

 

(570

)

 

(339,150

)

Allstate Corp. (The), Strike Price $26,
Expires 8/24/09

 

 

(555

)

 

(91,575

)


 

 

 

 

 

 

 

 

1

 

JULY 31, 2009

 

 

 

Schedule of Investments (continued)

BlackRock Enhanced Dividend Achievers™ Trust (BDJ)

 

(Percentages shown are based on Net Assets)

 

 

 

 

 

 

 

 

Options Written

 

Contracts

 

Value

 

Exchange-Traded Call Options Written— (continued)

 

 

 

 

 

 

 

Altria Group, Inc., Strike Price $17, Expires
8/24/09

 

 

(2,560

)

$

(172,800

)

Archer-Daniels-Midland Co., Strike Price
$30, Expires 9/21/09

 

 

(480

)

 

(84,000

)

AT&T Inc., Strike Price $25, Expires
8/24/09

 

 

(1,070

)

 

(149,265

)

AT&T Inc., Strike Price $25, Expires
9/21/09

 

 

(3,350

)

 

(557,775

)

AT&T Inc., Strike Price $27, Expires
9/19/09

 

 

(500

)

 

(26,750

)

Automatic Data Processing, Inc., Strike
Price $36, Expires 8/24/09

 

 

(550

)

 

(92,125

)

BB&T Corp., Strike Price $22.50, Expires
9/21/09

 

 

(720

)

 

(109,800

)

BB&T Corp., Strike Price $24, Expires
8/24/09

 

 

(175

)

 

(6,562

)

Becton Dickinson & Co., Strike Price $70,
Expires 8/24/09

 

 

(120

)

 

(3,000

)

Becton Dickinson & Co., Strike Price $75,
Expires 9/21/09

 

 

(130

)

 

(2,275

)

C.H. Robinson Worldwide, Inc., Strike Price
$55, Expires 8/24/09

 

 

(180

)

 

(21,150

)

Caterpillar, Inc., Strike Price $36, Expires
8/24/09

 

 

(50

)

 

(41,500

)

Caterpillar, Inc., Strike Price $37, Expires
8/24/09

 

 

(400

)

 

(294,000

)

Caterpillar, Inc., Strike Price $39, Expires
8/24/09

 

 

(345

)

 

(191,475

)

CenturyTel, Inc., Strike Price $30, Expires
9/21/09

 

 

(400

)

 

(80,000

)

Chevron Corp., Strike Price $70, Expires
8/24/09

 

 

(1,425

)

 

(171,000

)

Chevron Corp., Strike Price $70, Expires
9/21/09

 

 

(555

)

 

(111,000

)

Coca-Cola Co. (The), Strike Price $47.50,
Expires 8/24/09

 

 

(1,079

)

 

(275,145

)

Coca-Cola Co. (The), Strike Price $50,
Expires 09/21/09

 

 

(585

)

 

(73,125

)

Coca-Cola Co. (The), Strike Price $50,
Expires 8/24/09

 

 

(950

)

 

(73,625

)

Colgate-Palmolive Co., Strike Price $75,
Expires 8/24/09

 

 

(300

)

 

(16,500

)

Colgate-Palmolive Co., Strike Price $75,
Expires 9/21/09

 

 

(141

)

 

(17,625

)

Consolidated Edison, Inc., Strike Price $40,
Expires 8/24/09

 

 

(200

)

 

(7,000

)

Dover Corp., Strike Price $35, Expires
8/24/09

 

 

(250

)

 

(13,750

)

Emerson Electric Co., Strike Price $35,
Expires 9/21/09

 

 

(410

)

 

(98,400

)

Emerson Electric Co., Strike Price $36,
Expires 9/21/09

 

 

(145

)

 

(26,462

)

Exxon Mobil Corp., Strike Price $70,
Expires 8/24/09

 

 

(132

)

 

(19,140

)

Family Dollar Stores, Inc., Strike Price
$32.50, Expires 9/21/09

 

 

(210

)

 

(18,375

)

FPL Group, Inc., Strike Price $60, Expires
9/21/09

 

 

(170

)

 

(10,200

)

General Dynamics Corp., Strike Price $55,
Expires 9/21/09

 

 

(350

)

 

(89,250

)

General Electric Co., Strike Price $12,
Expires 8/24/09

 

 

(3,750

)

 

(555,000

)

General Electric Co., Strike Price $13,
Expires 8/24/09

 

 

(2,550

)

 

(178,500

)

General Electric Co., Strike Price $13,
Expires 9/21/09

 

 

(1,300

)

 

(124,800

)

H&R Block, Inc., Strike Price $17, Expires
8/24/09

 

 

(171

)

 

(5,130

)

Harley-Davidson, Inc., Strike Price $19,
Expires 8/24/09

 

 

(320

)

 

(120,000

)

 

 

 

 

 

 

 

 

Options Written

 

Contracts

 

Value

 

Exchange-Traded Call Options Written— (continued)

 

 

 

 

 

 

 

Harley-Davidson, Inc., Strike Price $21,
Expires 8/24/09

 

 

(250

)

$

(52,500

)

HCP, Inc., Strike Price $25, Expires
8/24/09

 

 

(150

)

 

(18,375

)

HCP, Inc., Strike Price $25, Expires
9/21/09

 

 

(240

)

 

(39,600

)

Home Depot, Inc., Strike Price $26, Expires
8/24/09

 

 

(565

)

 

(42,658

)

Johnson & Johnson, Strike Price $55,
Expires 8/24/09

 

 

(180

)

 

(107,100

)

Johnson & Johnson, Strike Price $60,
Expires 8/24/09

 

 

(340

)

 

(52,700

)

Liberty Property Trust, Strike Price $25,
Expires 8/24/09

 

 

(280

)

 

(84,000

)

Lowe’s Cos., Inc., Strike Price $22, Expires
9/21/09

 

 

(1,510

)

 

(218,950

)

Masco Corp., Strike Price $10, Expires
8/24/09

 

 

(294

)

 

(116,130

)

Masco Corp., Strike Price $10, Expires
9/21/09

 

 

(250

)

 

(101,250

)

McGraw-Hill Cos., Inc. (The), Strike Price
$35, Expires 9/21/09

 

 

(260

)

 

(10,400

)

Medtronic, Inc., Strike Price $35, Expires
8/24/09

 

 

(960

)

 

(105,600

)

Medtronic, Inc., Strike Price $36, Expires
8/24/09

 

 

(225

)

 

(13,500

)

Northern Trust Corp., Strike Price $60,
Expires 8/24/09

 

 

(150

)

 

(25,500

)

Nucor Corp., Strike Price $48, Expires
9/21/09

 

 

(350

)

 

(38,500

)

PepsiCo, Inc., Strike Price $57.50, Expires
9/21/09

 

 

(1,300

)

 

(162,500

)

Pfizer, Inc., Strike Price $15, Expires
9/21/09

 

 

(5,370

)

 

(612,180

)

Pfizer, Inc., Strike Price $16, Expires
9/21/09

 

 

(498

)

 

(27,390

)

Philip Morris International, Inc., Strike
Price $45, Expires 8/24/09

 

 

(570

)

 

(119,700

)

Philip Morris International, Inc., Strike
Price $47, Expires 9/21/09

 

 

(660

)

 

(97,350

)

Pitney Bowes, Inc., Strike Price $22.50,
Expires 8/24/09

 

 

(460

)

 

(3,450

)

PPG Industries, Inc., Strike Price $45,
Expires 8/24/09

 

 

(440

)

 

(442,200

)

Praxair, Inc., Strike Price $75, Expires
8/24/09

 

 

(210

)

 

(88,200

)

Sherwin-Williams Co. (The), Strike Price
$55, Expires 8/24/09

 

 

(140

)

 

(43,400

)

Stanley Works (The), Strike Price $35,
Expires 8/24/09

 

 

(46

)

 

(22,770

)

State Street Corp., Strike Price $50,
Expires 9/21/09

 

 

(128

)

 

(38,720

)

Sysco Corp., Strike Price $25, Expires
8/24/09

 

 

(600

)

 

(13,500

)

T. Rowe Price Group, Inc., Strike Price $45,
Expires 8/24/09

 

 

(210

)

 

(55,650

)

T. Rowe Price Group, Inc., Strike Price $45,
Expires 9/21/09

 

 

(200

)

 

(70,000

)

Target Corp., Strike Price $42, Expires
9/21/09

 

 

(830

)

 

(257,300

)

TCF Financial Corp., Strike Price $15,
Expires 8/24/09

 

 

(573

)

 

(12,892

)

TCF Financial Corp., Strike Price $15,
Expires 9/21/09

 

 

(285

)

 

(17,100

)

U.S. Bancorp, Strike Price $20, Expires
8/24/09

 

 

(1,000

)

 

(85,000

)

U.S. Bancorp, Strike Price $20, Expires
9/21/09

 

 

(1,180

)

 

(150,450

)


 

 

 

 

 

 

 

 

 

 

JULY 31, 2009

2

 

 

Schedule of Investments (continued)

BlackRock Enhanced Dividend Achievers™ Trust (BDJ)

 

(Percentages shown are based on Net Assets)

 

 

 

 

 

 

 

 

Options Written

 

Contracts

 

Value

 

Exchange-Traded Call Options Written— (concluded)

 

 

 

 

 

 

 

United Technologies Corp., Strike Price
$50, Expires 8/24/09

 

 

(100

)

$

(46,000

)

United Technologies Corp., Strike Price
$55, Expires 8/24/09

 

 

(100

)

 

(10,500

)

United Technologies Corp., Strike Price
$55, Expires 9/21/09

 

 

(700

)

 

(122,500

)

Universal Corp., Strike Price $35, Expires
8/24/09

 

 

(275

)

 

(105,875

)

Universal Corp., Strike Price $40, Expires
8/24/09

 

 

(127

)

 

(13,335

)

Valley National Bancorp, Strike Price
$12.50, Expires 8/24/09

 

 

(580

)

 

(30,450

)

VF Corp., Strike Price $65, Expires
9/21/09

 

 

(120

)

 

(31,200

)

Vornado Realty Trust, Strike Price $50,
Expires 8/24/09

 

 

(175

)

 

(40,688

)

Vulcan Materials Co., Strike Price $45,
Expires 8/24/09

 

 

(160

)

 

(56,000

)

W.W. Grainger, Inc., Strike Price $80,
Expires 8/24/09

 

 

(100

)

 

(100,500

)

Wal-Mart Stores, Inc., Strike Price $50,
Expires 8/24/09

 

 

(905

)

 

(72,400

)

Wal-Mart Stores, Inc., Strike Price $50,
Expires 9/21/09

 

 

(1,400

)

 

(182,700

)

Wells Fargo & Co., Strike Price $25,
Expires 8/24/09

 

 

(2,300

)

 

(143,750

)

Wells Fargo & Co., Strike Price $26,
Expires 8/24/09

 

 

(560

)

 

(18,200

)

Wells Fargo & Co., Strike Price $27,
Expires 8/24/09

 

 

(1,050

)

 

(15,750

)

Wells Fargo & Co., Strike Price $27,
Expires 9/21/09

 

 

(1,000

)

 

(60,000

)

Total Exchange-Traded Call Options Written

 

 

 

 

 

(9,341,332

)

Over-the-Counter Call Options Written—(0.8)%

 

 

 

 

 

 

 

3M Co., Strike Price $61.90, Expires
8/04/09, Broker Morgan Stanley & Co.,
Inc.

 

 

(83,000

)

 

(720,440

)

Atmos Energy Corp., Strike Price $26.51,
Expires 9/25/09, Broker Credit Suisse
First Boston

 

 

(75,000

)

 

(75,661

)

Bank of Hawaii Corp., Strike Price $42.34,
Expires 8/14/09, Broker Credit Suisse
First Boston

 

 

(39,000

)

 

(587

)

BB&T Corp., Strike Price $24.22, Expires
10/02/09, Broker Citigroup Global
Markets

 

 

(69,500

)

 

(55,205

)

CenturyTel, Inc., Strike Price $33, Expires
8/25/09, Broker Jefferies & Co., Inc.

 

 

(340

)

 

(10,948

)

CenturyTel, Inc., Strike Price $33, Expires
8/25/09, Broker Morgan Stanley & Co.,
Inc.

 

 

(68,500

)

 

(22,072

)

Chubb Corp., Strike Price $40.95, Expires
8/13/09, Broker Morgan Stanley & Co.,
Inc.

 

 

(34,000

)

 

(177,820

)

Clorox Co., Strike Price $58.58, Expires
9/03/09, Broker Morgan Stanley & Co.,
Inc.

 

 

(26,000

)

 

(82,010

)

Consolidated Edison, Inc., Strike Price
$37.81, Expires 8/17/09, Broker
Goldman Sachs & Co.

 

 

(51,000

)

 

(82,110

)

Eli Lilly & Co., Strike Price $35.46, Expires
8/28/09, Broker Credit Suisse First
Boston

 

 

(246,500

)

 

(163,094

)

Emerson Electric Co., Strike Price $34.81,
Expires 8/10/09, Broker Citigroup
Global Markets

 

 

(95,000

)

 

(202,504

)

Exxon Mobil Corp., Strike Price $71,
Expires 8/31/09, Broker Jefferies & Co.,
Inc.

 

 

(133

)

 

(18,913

)

 

 

 

 

 

 

 

 

Options Written

 

Contracts

 

Value

 

Over-the-Counter Call Options Written— (continued)

 

 

 

 

 

 

 

Exxon Mobil Corp., Strike Price $72.45,
Expires 8/07/09, Broker Citigroup
Global Markets

 

 

(148,000

)

$

(22,204

)

Fastenal Co., Strike Price $36.88, Expires
9/14/09, Broker UBS Securities LLC

 

 

(22,000

)

 

(26,417

)

FPL Group, Inc., Strike Price $57.19,
Expires 8/14/09, Broker Credit Suisse
First Boston

 

 

(18,200

)

 

(21,026

)

H&R Block, Inc., Strike Price $16.89,
Expires 8/17/09, Broker Citigroup
Global Markets

 

 

(24,000

)

 

(7,158

)

Hershey Co. (The), Strike Price $39.29,
Expires 9/18/09, Broker Credit Suisse
First Boston

 

 

(19,700

)

 

(30,823

)

International Business Machines Corp.,
Strike Price $111.30, Expires 8/17/09,
Broker Morgan Stanley & Co., Inc.

 

 

(33,000

)

 

(248,055

)

International Business Machines Corp.,
Strike Price $116.96, Expires 9/03/09,
Broker Morgan Stanley & Co., Inc.

 

 

(91,500

)

 

(382,085

)

Johnson & Johnson, Strike Price $56,
Expires 8/27/09, Broker UBS Securities
LLC

 

 

(1,350

)

 

(730,350

)

Johnson Controls, Inc., Strike Price $23.43,
Expires 8/17/09, Broker Credit Suisse
First Boston

 

 

(53,000

)

 

(116,175

)

Kimberly-Clark Corp., Strike Price $59.10,
Expires 9/25/09, Broker Goldman Sachs
& Co.

 

 

(35,000

)

 

(49,806

)

Linear Technology Corp., Strike Price
$25.50, Expires 8/21/09, Broker
Morgan Stanley & Co., Inc.

 

 

(58,500

)

 

(89,505

)

McDonald’s Corp., Strike Price $60,
Expires 8/21/09, Broker Goldman Sachs & Co.

 

 

(47,000

)

 

(2,497

)

Mercury General Corp., Strike Price
$33.83, Expires 8/07/09, Broker Credit
Suisse First Boston

 

 

(23,000

)

 

(28,980

)

Parker Hannifin Corp., Strike Price $44,
Expires 8/17/09, Broker Barclays
Capital, Inc.

 

 

(180

)

 

(27,723

)

Paychex, Inc., Strike Price $26.43, Expires
8/28/09, Broker Credit Suisse First
Boston

 

 

(33,500

)

 

(17,655

)

Pfizer, Inc., Strike Price $15.14, Expires
8/17/09, Broker Citigroup Global
Markets

 

 

(210,000

)

 

(202,759

)

Pitney Bowes, Inc., Strike Price $22.50,
Expires 9/18/09, Broker Morgan Stanley
& Co., Inc.

 

 

(46,000

)

 

(8,390

)

Procter & Gamble Co. (The), Strike Price
$56.14, Expires 8/14/09, Broker
Goldman Sachs & Co.

 

 

(49,500

)

 

(59,285

)

Procter & Gamble Co. (The), Strike Price
$56.53, Expires 8/31/09, Broker
Goldman Sachs & Co.

 

 

(68,200

)

 

(105,459

)

Progress Energy, Inc., Strike Price $36.50,
Expires 8/12/09, Broker UBS Securities
LLC

 

 

(10,400

)

 

(30,368

)

Progress Energy, Inc., Strike Price $38.02,
Expires 8/28/09, Broker Credit Suisse
First Boston

 

 

(97,000

)

 

(166,495

)

Realty Income Corp., Strike Price $23.50,
Expires 9/18/09, Broker Citigroup
Global Markets

 

 

(39,000

)

 

(35,175

)

RPM International, Inc., Strike Price
$15.50, Expires 9/24/09, Broker
Citigroup Global Markets

 

 

(23,000

)

 

(16,038

)

RPM International, Inc., Strike Price $16,
Expires 8/05/09, Broker Citigroup
Global Markets

 

 

(50,000

)

 

(11,934

)


 

 

 

 

 

 

 

 

3

 

JULY 31, 2009

 

 

 

Schedule of Investments (continued)

BlackRock Enhanced Dividend Achievers™ Trust (BDJ)

 

(Percentages shown are based on Net Assets)

 

 

 

 

 

 

 

 

Options Written

 

Contracts

 

Value

 

Over-the-Counter Call Options Written— (concluded)

 

 

 

 

 

 

 

RPM International, Inc., Strike Price
$16.36, Expires 8/28/09, Broker
Citigroup Global Markets

 

 

(62,500

)

$

(32,923

)

Stanley Works (The), Strike Price $37.30,
Expires 8/21/09, Broker JPMorgan
Chase Securities

 

 

(39,000

)

 

(113,449

)

TCF Financial Corp., Strike Price $15.50,
Expires 9/10/09, Broker Credit Suisse
First Boston

 

 

(28,500

)

 

(8,993

)

TJX Cos., Inc., Strike Price $32, Expires
8/17/09, Broker Morgan Stanley & Co.,
Inc.

 

 

(50,000

)

 

(223,667

)

Vectren Corp., Strike Price $24.31, Expires
8/04/09, Broker UBS Securities LLC

 

 

(41,500

)

 

(15,064

)

Total Over-the-Counter Call Options Written

 

 

 

 

 

(4,441,822

)

Total Options Written
(Premiums Received $7,970,195)—(2.5)%

 

 

 

 

 

(13,783,154

)

Total Investments Net of Outstanding Options Written—98.2%

 

 

 

 

 

551,258,753

 

Other Assets in Excess of Liabilities—1.8%

 

 

 

 

 

10,075,786

 

 

 

 

 

 

 

Net Assets—100.0%

 

 

 

 

$

561,334,539

 

 

 

 

 

 

 

 

 

*

The cost and unrealized appreciation (depreciation) of investments as of July 31, 2009, as computed for federal income tax purposes, were as follows:

 

 

 

 

 

Aggregate cost

 

$

691,930,660

 

 

 

 

Gross unrealized appreciation

 

$

14,068,545

 

Gross unrealized depreciation

 

 

(140,957,298

)

 

 

 

Net unrealized depreciation

 

$

(126,888,753

)

 

 

 

 

 

(a)

Security, or a portion thereof, pledged as collateral for outstanding options written.

 

 

(b)

Security, or a portion of security, is on loan.

 

 

(c)

Represents current yield as of report date.

 

 

(d)

Investments in companies considered to be an affiliate of the Trust, for purposes of Section 2(a)(3) of the Investment Company Act of 1940 were as follows:

 

 

 

 

 

 

 

 

 

Affiliate

 

Net Activity

 

Income

 

BlackRock Liquidity Funds,
TempFund

 

 

11,621,393

 

$

235,535

 

BlackRock Liquidity Series, LLC
Money Market Series

 

 

(21,206,500

)

$

36,532

 

 

 

(e)

Security purchased with the cash proceeds from securities loans.

 

 

 

•

For Trust compliance purposes, the Trust’s industry classifications refer to any one or more of the Standard Industry Codes as defined by the SEC. This definition may not apply for purposes of this report, which may combine industry sub-classifications for reporting ease.

 

 

•

Effective November 1, 2008, the Trust adopted Financial Accounting Standards Board Statement of Financial Accounting Standards No. 157, “Fair Value Measurements” (“FAS 157”). FAS 157 clarifies the definition of fair value, establishes a framework for measuring fair values and requires additional disclosures about the use of fair value measurements. Various inputs are used in determining the fair value of investments, which are as follows:

 

 

 

•

Level 1 — price quotations in active markets/exchanges for identical securities

 

 

 

 

 

 

 

•

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

 

 

 

 

•

Level 3 — unobservable inputs based on the best information available In the circumstances, to the extent observable inputs are not available (including the Trust’s own assumptions used in determining the fair value of investments)

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For information about the Trust’s policy regarding valuation of investments and other significant accounting policies, please refer to the Trust’s most recent financial statements as contained in its semi-annual report.

The following table summarizes the inputs used as of July 31, 2009 in determining the fair valuation of the Trust’s investments:

 

 

 

 

 

Valuation Inputs

 

Investments in
Securities

 

 

 

 

Assets

 

 

 

 

 

Level 1:

 

 

 

Long-Term Investments1

 

$

553,053,014

 

Short-Term Securities

 

 

11,621,393

 

Total Level 1

 

 

564,674,407

 

 

 

 

Level 2 – Short-Term Securities

 

 

367,500

 

Level 3

 

 

—

 

Total

 

$

565,041,907

 

 

 

 

 

 

1

See above Schedule of Investments for values in each industry.

 

 

 

 

 

Valuation Inputs

 

Other Financial
Instruments2

 

 

 

Liabilities

 

 

 

 

Level 1

 

$

(9,341,332

)

Level 2

 

 

(4,441,822

)

Level 3

 

 

—

 

Total

 

$

(13,783,154

)

 

 

 

 

 

2

Other financial instruments are options written and are shown at market value.


 

 

 

 

 

 

 

 

 

 

JULY 31, 2009

4


 

 

Item 2 – Controls and Procedures

 

 

2(a) –

The registrant’s principal executive and principal financial officers or persons performing similar functions have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the “1940 Act”)) are effective as of a date within 90 days of the filing of this report based on the evaluation of these controls and procedures required by Rule 30a-3(b) under the 1940 Act and Rule 13(a)-15(b) under the Securities Exchange Act of 1934, as amended.

 

 

2(b) –

There were no changes in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act) that occurred during the registrant’s last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrant’s internal control over financial reporting.

 

 

Item 3 – Exhibits

 

 

 

Certifications – Attached hereto

 

 

 

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

 

 

BlackRock Enhanced Dividend AchieversTM Trust

 

 

 

 

 

By:

 /s/ Anne F. Ackerley

 

 

 

Anne F. Ackerley

 

 

Chief Executive Officer of

 

 

BlackRock Enhanced Dividend AchieversTM Trust

 

 

 

 

Date: September 22, 2009

 

 

 

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

 

 

 

By:

 /s/ Anne F. Ackerley

 

 

 

Anne F. Ackerley

 

 

Chief Executive Officer (principal executive officer) of
BlackRock Enhanced Dividend AchieversTM Trust

 

 

 

 

Date: September 22, 2009

 

 

 

 

By:

 /s/ Neal J. Andrews

 

 

 

Neal J. Andrews

 

 

Chief Financial Officer (principal financial officer) of
BlackRock Enhanced Dividend AchieversTM Trust

 

 

 

 

Date: September 22, 2009