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, 55 East 52nd Street, New York, NY 10055.
Registrant’s telephone number, including area code: (800) 882-0052, Option 4
Date of fiscal year end: 10/31/2010
Date of reporting period: 01/31/2010
Item 1 – Schedule of Investments
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Schedule of Investments January 31, 2010 (Unaudited) |
BlackRock Enhanced Dividend Achievers™ Trust (BDJ) |
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(Percentages shown are based on Net Assets) |
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Shares |
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Common Stocks |
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Value |
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Aerospace & Defense—2.4% |
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57,800 |
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General Dynamics Corp. |
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$ |
3,863,930 |
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145,400 |
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United Technologies Corp. |
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9,811,592 |
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13,675,522 |
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Air Freight & Logistics—0.3% |
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32,300 |
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C.H. Robinson Worldwide, Inc. |
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1,829,149 |
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Auto Components—0.4% |
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84,400 |
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Johnson Controls, Inc. |
|
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2,348,852 |
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Automobiles—0.4% |
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92,425 |
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Harley-Davidson, Inc. |
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2,101,745 |
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Beverages—6.4% |
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439,500 |
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Coca-Cola Co. (The) |
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23,842,875 |
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227,200 |
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PepsiCo, Inc. |
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13,545,664 |
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37,388,539 |
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Building Products—0.2% |
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80,700 |
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Masco Corp. |
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1,094,292 |
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Capital Markets—1.0% |
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42,675 |
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Federated Investors, Inc. |
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|
1,083,092 |
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|
27,100 |
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Northern Trust Corp. |
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1,369,092 |
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68,900 |
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T. Rowe Price Group, Inc. |
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3,418,818 |
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5,871,002 |
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Chemicals—1.9% |
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70,350 |
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PPG Industries, Inc. |
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4,128,138 |
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35,700 |
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Praxair, Inc. |
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|
2,688,924 |
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220,700 |
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RPM International, Inc. |
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4,127,090 |
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10,944,152 |
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Commercial Banks—8.4% |
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76,000 |
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Associated Banc-Corp |
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966,720 |
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67,300 |
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Bank of Hawaii Corp. |
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|
3,060,804 |
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|
|
256,900 |
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BB&T Corp. |
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|
7,159,803 |
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|
206,300 |
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TCF Financial Corp. |
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3,020,232 |
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360,100 |
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U.S. Bancorp |
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9,031,308 |
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95,500 |
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Valley National Bancorp |
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1,313,125 |
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855,440 |
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Wells Fargo & Co. |
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24,320,159 |
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48,872,151 |
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Commercial Services & Supplies—0.6% |
|
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157,946 |
|
Pitney Bowes, Inc. |
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3,304,230 |
|
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Computers & Peripherals—4.6% |
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220,100 |
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International Business Machines Corp. |
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26,938,039 |
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Construction Materials—0.2% |
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25,900 |
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Vulcan Materials Co. |
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1,144,521 |
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Diversified Consumer Services—0.2% |
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66,000 |
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H&R Block, Inc. |
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1,420,320 |
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Diversified Telecommunication—5.1% |
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847,400 |
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AT&T Inc. |
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21,490,064 |
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241,800 |
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CenturyTel, Inc. |
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8,223,618 |
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29,713,682 |
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Electric Utilities—1.8% |
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63,700 |
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FPL Group, Inc. |
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3,106,012 |
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187,900 |
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Progress Energy, Inc. |
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7,322,463 |
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|
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10,428,475 |
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|
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Electrical Equipment—1.8% |
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|
252,600 |
|
Emerson Electric Co. |
|
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10,493,004 |
|
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|
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|
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Food & Staples Retailing—4.3% |
|
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105,000 |
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Sysco Corp. |
|
|
2,938,950 |
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|
414,400 |
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Wal-Mart Stores, Inc. |
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|
22,141,392 |
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25,080,342 |
|
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Food Products—0.7% |
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|
85,600 |
|
Archer-Daniels-Midland Co. |
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|
2,565,432 |
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|
|
35,900 |
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Hershey Co. (The) |
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1,307,837 |
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|
3,873,269 |
|
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|
|
|
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|
|
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Gas Utilities—0.6% |
|
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|
|
|
|
131,900 |
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Atmos Energy Corp. |
|
|
3,643,078 |
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|
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Health Care Equipment & Supplies—2.0% |
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|
44,100 |
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Becton Dickinson & Co. |
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|
3,323,817 |
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Shares |
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Common Stocks |
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Value |
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||
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||
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Health Care Equipment & Supplies— (concluded) |
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|
|
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|
193,500 |
|
Medtronic, Inc. |
|
$ |
8,299,215 |
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|
|
|
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|
|
|
|
|
|
|
|
|
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11,623,032 |
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|
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Hotels Restaurants & Leisure—2.9% |
|
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|
268,800 |
|
McDonald’s Corp. |
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|
16,781,184 |
|
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|
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Household Durables—0.3% |
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|
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|
102,300 |
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Leggett & Platt, Inc. |
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|
1,867,998 |
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Household Products—5.9% |
|
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|
46,500 |
|
Clorox Co. |
|
|
2,751,405 |
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|
75,800 |
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Colgate-Palmolive Co. |
|
|
6,066,274 |
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|
|
120,700 |
|
Kimberly-Clark Corp. |
|
|
7,168,373 |
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|
292,600 |
|
Procter & Gamble Co. (The) |
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|
18,009,530 |
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33,995,582 |
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Industrial Conglomerates—6.4% |
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|
220,200 |
|
3M Co. |
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|
17,723,898 |
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|
1,227,100 |
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General Electric Co. |
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|
19,731,768 |
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|
37,455,666 |
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Insurance—1.8% |
|
|
|
|
|
|
85,800 |
|
Aflac, Inc. |
|
|
4,155,294 |
|
|
|
93,400 |
|
Allstate Corp. (The) |
|
|
2,795,462 |
|
|
|
56,700 |
|
Chubb Corp. |
|
|
2,835,000 |
|
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|
18,100 |
|
Mercury General Corp. |
|
|
691,782 |
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|
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|
|
|
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|
|
|
10,477,538 |
|
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IT Services—0.9% |
|
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|
|
|
|
93,060 |
|
Automatic Data Processing, Inc. |
|
|
3,795,917 |
|
|
|
56,800 |
|
Paychex, Inc. |
|
|
1,646,632 |
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
|
|
5,442,549 |
|
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|
|
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|
|
|
|
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|
Machinery—2.3% |
|
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|
|
|
|
121,000 |
|
Caterpillar, Inc. |
|
|
6,321,040 |
|
|
|
42,800 |
|
Dover Corp. |
|
|
1,835,264 |
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|
29,000 |
|
Parker Hannifin Corp. |
|
|
1,621,390 |
|
|
|
66,200 |
|
Stanley Works (The) (b) |
|
|
3,392,750 |
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|
|
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|
|
|
|
|
|
|
|
13,170,444 |
|
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|
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Media—0.3% |
|
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|
|
44,100 |
|
McGraw-Hill Cos., Inc. (The) |
|
|
1,563,345 |
|
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|
|
|
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Metals & Mining—0.4% |
|
|
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|
|
61,100 |
|
Nucor Corp. |
|
|
2,492,880 |
|
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|
|
|
|
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|
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Multi-Utilities—1.7% |
|
|
|
|
|
|
186,600 |
|
Consolidated Edison, Inc. |
|
|
8,161,884 |
|
|
|
76,400 |
|
Vectren Corp. |
|
|
1,778,592 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
9,940,476 |
|
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|
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|
|
|
|
|
|
|
|
|
Multiline Retail—1.4% |
|
|
|
|
|
|
37,800 |
|
Family Dollar Stores, Inc. |
|
|
1,167,264 |
|
|
|
139,700 |
|
Target Corp. |
|
|
7,162,419 |
|
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
8,329,683 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Oil, Gas & Consumable Fuels—7.8% |
|
|
|
|
|
|
352,100 |
|
Chevron Corp. |
|
|
25,393,452 |
|
|
|
310,100 |
|
Exxon Mobil Corp. |
|
|
19,979,743 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
45,373,195 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pharmaceuticals—13.6% |
|
|
|
|
|
|
346,200 |
|
Abbott Laboratories |
|
|
18,327,828 |
|
|
|
438,600 |
|
Eli Lilly & Co. |
|
|
15,438,720 |
|
|
|
318,900 |
|
Johnson & Johnson (a) |
|
|
20,046,054 |
|
|
|
1,343,500 |
|
Pfizer, Inc. |
|
|
25,069,710 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
78,882,312 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Real Estate Investment Trusts (REITs)—1.2% |
|
|
|
|
|
|
65,000 |
|
HCP, Inc. |
|
|
1,842,750 |
|
|
|
44,800 |
|
Liberty Property Trust |
|
|
1,361,920 |
|
|
|
66,200 |
|
Realty Income Corp. (b) |
|
|
1,848,966 |
|
|
|
29,024 |
|
Vornado Realty Trust |
|
|
1,877,272 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6,930,908 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Semiconductors & Semiconductor Equipment—0.5% |
|
|
|
|
|
|
102,600 |
|
Linear Technology Corp. |
|
|
2,677,860 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Specialty Retail—1.9% |
|
|
|
|
|
|
97,300 |
|
Home Depot, Inc. |
|
|
2,725,373 |
|
|
|
|
|
|
|
|
|
|
1 |
|
JANUARY 31, 2010 |
|
|
|
|
Schedule of Investments (continued) |
BlackRock Enhanced Dividend Achievers™ Trust (BDJ) |
|
|
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
|
Shares |
|
Common Stocks |
|
Value |
|
||
|
|
|
|
|
|
|
||
|
|
|
|
Specialty Retail— (concluded) |
|
|
|
|
|
|
257,600 |
|
Lowe’s Cos., Inc. |
|
$ |
5,577,040 |
|
|
|
23,800 |
|
Sherwin-Williams Co. (The) |
|
|
1,507,730 |
|
|
|
38,200 |
|
TJX Cos., Inc. |
|
|
1,451,982 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
11,262,125 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Textiles, Apparel & Luxury Goods—0.3% |
|
|
|
|
|
|
20,200 |
|
VF Corp. |
|
|
1,455,006 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Tobacco—4.5% |
|
|
|
|
|
|
656,600 |
|
Altria Group, Inc. |
|
|
13,040,076 |
|
|
|
220,400 |
|
Philip Morris International, Inc. |
|
|
10,030,404 |
|
|
|
66,461 |
|
Universal Corp. |
|
|
3,016,665 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
26,087,145 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Trading Companies & Distributors—0.5% |
|
|
|
|
|
|
34,500 |
|
Fastenal Co. |
|
|
1,431,060 |
|
|
|
16,000 |
|
W.W. Grainger, Inc. |
|
|
1,588,480 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,019,540 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Long-Term Investments |
|
|
568,992,832 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Shares/Beneficial |
|
Short-Term Securities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
12,653,652 |
|
BlackRock Liquidity Funds, TempFund, Institutional Class, 0.10% (c)(d) |
|
|
12,653,652 |
|
|
|
3,389,500 |
|
BlackRock Liquidity Series, LLC, Money Market Series, 0.27% (c)(d)(e) |
|
|
3,389,500 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Short-Term Securities |
|
|
16,043,152 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Investments Before Outstanding Options Written |
|
|
|
|
|
|
|
|
(Cost—$656,411,042*)—100.7% |
|
|
585,035,984 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Contracts |
|
Options Written |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Exchange-Traded Call Options Written—(0.4)% |
|
|
|
|
|
|
880 |
|
3M Co., Strike Price USD 82.50, Expires 2/19/10 |
|
|
(73,964 |
) |
|
|
410 |
|
Abbott Laboratories, Strike Price USD 55, Expires 2/22/10 |
|
|
(8,200 |
) |
|
|
120 |
|
Aflac, Inc., Strike Price USD 50, Expires 2/22/10 |
|
|
(11,100 |
) |
|
|
510 |
|
Allstate Corp. (The), Strike Price USD 30, Expires 2/22/10 |
|
|
(48,450 |
) |
|
|
3,509 |
|
Altria Group, Inc., Strike Price USD 20, Expires 3/22/10 |
|
|
(147,378 |
) |
|
|
182 |
|
Associated Banc-Corp, Strike Price USD 12.50, Expires 2/22/10 |
|
|
(11,830 |
) |
|
|
512 |
|
Automatic Data Processing, Inc., Strike Price USD 45, Expires 2/22/10 |
|
|
(2,560 |
) |
|
|
1,420 |
|
BB&T Corp., Strike Price USD 29, Expires 3/22/10 |
|
|
(117,860 |
) |
|
|
177 |
|
C.H. Robinson Worldwide, Inc., Strike Price USD 60, Expires 2/22/10 |
|
|
(7,080 |
) |
|
|
665 |
|
Caterpillar, Inc., Strike Price USD 60, Expires 2/22/10 |
|
|
(8,312 |
) |
|
|
311 |
|
Chubb Corp., Strike Price USD 50, Expires 2/22/10 |
|
|
(33,433 |
) |
|
|
550 |
|
Coca-Cola Co. (The), Strike Price USD 55, Expires 3/22/10 |
|
|
(61,600 |
) |
|
|
1,870 |
|
Coca-Cola Co. (The), Strike Price USD 57.50, Expires 2/22/10 |
|
|
(28,985 |
) |
|
|
|
|
|
|
|
|
|
|
Contracts |
|
Options Written |
|
Value |
|
||
|
|
|
|
|
|
|
||
|
|
|
|
Exchange-Traded Call Options Written— (continued) |
|
|
|
|
|
|
415 |
|
Colgate-Palmolive Co., Strike Price USD 85, Expires 2/22/10 |
|
$ |
(6,225 |
) |
|
|
1,200 |
|
Eli Lilly & Co., Strike Price USD 38, Expires 3/22/10 |
|
|
(30,000 |
) |
|
|
515 |
|
Emerson Electric Co., Strike Price USD 43, Expires 2/22/10 |
|
|
(20,600 |
) |
|
|
70 |
|
Emerson Electric Co., Strike Price USD 45, Expires 2/22/10 |
|
|
(700 |
) |
|
|
800 |
|
Emerson Electric Co., Strike Price USD 45, Expires 3/22/10 |
|
|
(24,000 |
) |
|
|
180 |
|
FPL Group, Inc., Strike Price USD 55, Expires 2/22/10 |
|
|
(900 |
) |
|
|
1,980 |
|
General Electric Co., Strike Price USD 16, Expires 2/22/10 |
|
|
(85,140 |
) |
|
|
150 |
|
H&R Block, Inc., Strike Price USD 21, Expires 2/22/10 |
|
|
(13,125 |
) |
|
|
215 |
|
H&R Block, Inc., Strike Price USD 23, Expires 3/22/10 |
|
|
(8,600 |
) |
|
|
510 |
|
Harley-Davidson, Inc., Strike Price USD 23.50, Expires 3/03/10 |
|
|
(34,915 |
) |
|
|
200 |
|
Hershey Co. (The), Strike Price USD 37.50, Expires 3/22/10 |
|
|
(18,000 |
) |
|
|
550 |
|
Home Depot, Inc., Strike Price USD 30, Expires 2/22/10 |
|
|
(3,300 |
) |
|
|
1,210 |
|
International Business Machines Corp., Strike Price USD 130, Expires 2/22/10 |
|
|
(33,880 |
) |
|
|
635 |
|
Johnson & Johnson, Strike Price USD 65, Expires 2/22/10 |
|
|
(13,018 |
) |
|
|
565 |
|
Linear Technology Corp., Strike Price USD 29, Expires 2/22/10 |
|
|
(5,650 |
) |
|
|
120 |
|
Lowe’s Cos., Inc., Strike Price USD 23, Expires 3/22/10 |
|
|
(4,800 |
) |
|
|
648 |
|
Lowe’s Cos., Inc., Strike Price USD 24, Expires 2/22/10 |
|
|
(3,240 |
) |
|
|
649 |
|
Lowe’s Cos., Inc., Strike Price USD 25, Expires 2/22/10 |
|
|
(3,245 |
) |
|
|
729 |
|
McDonald’s Corp., Strike Price USD 65, Expires 2/22/10 |
|
|
(12,393 |
) |
|
|
760 |
|
McDonald’s Corp., Strike Price USD 65.25, Expires 2/19/10 |
|
|
(13,954 |
) |
|
|
120 |
|
McGraw-Hill Cos., Inc. (The), Strike Price USD 35, Expires 2/22/10 |
|
|
(14,700 |
) |
|
|
120 |
|
McGraw-Hill Cos., Inc. (The), Strike Price USD 35, Expires 3/22/10 |
|
|
(20,700 |
) |
|
|
1,070 |
|
Medtronic, Inc., Strike Price USD 45, Expires 2/22/10 |
|
|
(53,500 |
) |
|
|
150 |
|
Northern Trust Corp., Strike Price USD 55, Expires 2/22/10 |
|
|
(2,250 |
) |
|
|
335 |
|
Nucor Corp., Strike Price USD 48, Expires 2/22/10 |
|
|
(3,350 |
) |
|
|
159 |
|
Parker Hannifin Corp., Strike Price USD 60, Expires 2/22/10 |
|
|
(4,770 |
) |
|
|
310 |
|
Paychex, Inc., Strike Price USD 30, Expires 3/22/10 |
|
|
(15,500 |
) |
|
|
1,250 |
|
PepsiCo, Inc., Strike Price USD 62.50, Expires 2/22/10 |
|
|
(31,250 |
) |
|
|
2,430 |
|
Pfizer, Inc., Strike Price USD 19, Expires 3/22/10 |
|
|
(130,005 |
) |
|
|
2,500 |
|
Pfizer, Inc., Strike Price USD 20, Expires 3/22/10 |
|
|
(58,750 |
) |
|
|
386 |
|
PPG Industries, Inc., Strike Price USD 65, Expires 2/22/10 |
|
|
(3,860 |
) |
|
|
200 |
|
Praxair, Inc., Strike Price USD 80, Expires 4/19/10 |
|
|
(24,500 |
) |
|
|
635 |
|
Procter & Gamble Co. (The), Strike Price USD 62.50, Expires 2/22/10 |
|
|
(85,725 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
JANUARY 31, 2010 |
2 |
|
|
|
|
Schedule of Investments (continued) |
BlackRock Enhanced Dividend Achievers™ Trust (BDJ) |
|
|
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
|
Contracts |
|
Options Written |
|
Value |
|
||
|
|
|
|
|
|
|
||
|
|
|
|
Exchange-Traded Call Options Written— (concluded) |
||||
|
|
550 |
|
RPM International, Inc., Strike Price USD 20, Expires 2/22/10 |
|
$ |
(4,125 |
) |
|
|
19 |
|
Stanley Works (The), Strike Price USD 57.50, Expires 2/22/10 |
|
|
(190 |
) |
|
|
345 |
|
Stanley Works (The), Strike Price USD 57.50, Expires 3/22/10 |
|
|
(7,762 |
) |
|
|
570 |
|
Sysco Corp., Strike Price USD 27.50, Expires 2/22/10 |
|
|
(54,150 |
) |
|
|
770 |
|
Target Corp., Strike Price USD 50, Expires 2/22/10 |
|
|
(145,530 |
) |
|
|
560 |
|
TCF Financial Corp., Strike Price USD 15, Expires 4/19/10 |
|
|
(36,400 |
) |
|
|
930 |
|
U.S. Bancorp, Strike Price USD 24, Expires 3/22/10 |
|
|
(170,655 |
) |
|
|
1,050 |
|
U.S. Bancorp, Strike Price USD 25, Expires 2/22/10 |
|
|
(81,900 |
) |
|
|
525 |
|
Valley National Bancorp, Strike Price USD 15, Expires 3/22/10 |
|
|
(10,500 |
) |
|
|
210 |
|
Vectren Corp., Strike Price USD 25, Expires 2/22/10 |
|
|
(5,250 |
) |
|
|
111 |
|
VF Corp., Strike Price USD 75, Expires 2/22/10 |
|
|
(8,602 |
) |
|
|
160 |
|
Vornado Realty Trust, Strike Price USD 70, Expires 3/22/10 |
|
|
(20,400 |
) |
|
|
142 |
|
Vulcan Materials Co., Strike Price USD 53, Expires 2/19/10 |
|
|
(786 |
) |
|
|
88 |
|
W.W. Grainger, Inc., Strike Price USD 100, Expires 2/22/10 |
|
|
(11,660 |
) |
|
|
2,280 |
|
Wal-Mart Stores, Inc., Strike Price USD 55, Expires 2/22/10 |
|
|
(87,780 |
) |
|
|
905 |
|
Wells Fargo & Co., Strike Price USD 28, Expires 2/22/10 |
|
|
(125,795 |
) |
|
|
3,800 |
|
Wells Fargo & Co., Strike Price USD 29, Expires 3/22/10 |
|
|
(511,100 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Exchange-Traded Call Options Written |
|
|
(2,627,882 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Over-the-Counter Call Options Written—(0.2)% |
|
|
|
|
|
|
33,000 |
|
3M Co., Strike Price USD 84.99, Expires 3/03/10, Broker Credit Suisse First Boston |
|
|
(18,955 |
) |
|
|
150,000 |
|
Abbott Laboratories, Strike Price USD 55.50, Expires 3/15/10, Broker Goldman Sachs & Co. |
|
|
(41,250 |
) |
|
|
35,000 |
|
Aflac, Inc., Strike Price USD 51.51, Expires 3/04/10, Broker Credit Suisse First Boston |
|
|
(25,484 |
) |
|
|
47,000 |
|
Archer-Daniels-Midland Co., Strike Price USD 30.71, Expires 2/08/10, Broker Morgan Stanley & Co., Inc. |
|
|
(11,411 |
) |
|
|
24,000 |
|
Associated Banc-Corp, Strike Price USD 11.79, Expires 2/05/10, Broker Credit Suisse First Boston |
|
|
(22,481 |
) |
|
|
466,000 |
|
AT&T Inc., Strike Price USD 27.85, Expires 2/03/10, Broker Credit Suisse First Boston |
|
|
(23 |
) |
|
|
72,500 |
|
Atmos Energy Corp., Strike Price USD 28.55, Expires 2/17/10, Broker UBS Securities LLC |
|
|
(22,125 |
) |
|
|
37,000 |
|
Bank of Hawaii Corp., Strike Price USD 47.99, Expires 2/11/10, Broker Morgan Stanley & Co., Inc. |
|
|
(7,908 |
) |
|
|
24,000 |
|
Becton Dickinson & Co., Strike Price USD 78.51, Expires 2/26/10, Broker UBS Securities LLC |
|
|
(8,348 |
) |
|
|
133,000 |
|
CenturyTel, Inc., Strike Price USD 37.09, Expires 3/09/10, Broker Credit Suisse First Boston |
|
|
(8,465 |
) |
|
|
|
|
|
|
|
|
|
|
Contracts |
|
Options Written |
|
Value |
|
||
|
|
|
|
|
|
|
||
|
|
|
|
Over-the-Counter Call Options Written— (continued) |
||||
|
|
53,500 |
|
Chevron Corp., Strike Price USD 78.13, Expires 2/08/10, Broker Citigroup Global Markets |
|
$ |
(829 |
) |
|
|
140,000 |
|
Chevron Corp., Strike Price USD 79.25, Expires 2/18/10, Broker Deutsche Bank Securities |
|
|
(7,777 |
) |
|
|
25,500 |
|
Clorox Co., Strike Price USD 62.53, Expires 2/04/10, Broker Morgan Stanley & Co., Inc. |
|
|
(320 |
) |
|
|
45,000 |
|
Consolidated Edison, Inc., Strike Price USD 44.10, Expires 3/01/10, Broker Morgan Stanley & Co., Inc. |
|
|
(19,962 |
) |
|
|
57,700 |
|
Consolidated Edison, Inc., Strike Price USD 45.63, Expires 3/11/10, Broker Citigroup Global Markets |
|
|
(7,139 |
) |
|
|
23,500 |
|
Dover Corp., Strike Price USD 42.38, Expires 2/12/10, Broker Morgan Stanley & Co., Inc. |
|
|
(24,734 |
) |
|
|
120,000 |
|
Eli Lilly & Co., Strike Price USD 37.97, Expires 3/05/10, Broker UBS Securities LLC |
|
|
(18,198 |
) |
|
|
170,500 |
|
Exxon Mobil Corp., Strike Price USD 69.71, Expires 3/05/10, Broker Deutsche Bank Securities |
|
|
(43,972 |
) |
|
|
20,700 |
|
Family Dollar Stores, Inc., Strike Price USD 30.50, Expires 3/03/10, Broker Morgan Stanley & Co., Inc. |
|
|
(19,111 |
) |
|
|
19,000 |
|
Fastenal Co., Strike Price USD 45.86, Expires 3/05/10, Broker Goldman Sachs & Co. |
|
|
(2,649 |
) |
|
|
23,500 |
|
Federated Investors, Inc., Strike Price USD 27.02, Expires 2/11/10, Broker Morgan Stanley & Co., Inc. |
|
|
(139 |
) |
|
|
17,000 |
|
FPL Group, Inc., Strike Price USD 51.21, Expires 2/18/10, Broker UBS Securities LLC |
|
|
(2,011 |
) |
|
|
32,000 |
|
General Dynamics Corp., Strike Price USD 71.10, Expires 2/16/10, Broker UBS Securities LLC |
|
|
(3,170 |
) |
|
|
198,500 |
|
General Electric Co., Strike Price USD 15.75, Expires 2/08/10, Broker Morgan Stanley & Co., Inc. |
|
|
(90,325 |
) |
|
|
280,000 |
|
General Electric Co., Strike Price USD 17.15, Expires 3/12/10, Broker Credit Suisse First Boston |
|
|
(68,174 |
) |
|
|
36,000 |
|
HCP, Inc., Strike Price USD 30.50, Expires 2/26/10, Broker Credit Suisse First Boston |
|
|
(8,818 |
) |
|
|
112,000 |
|
Johnson & Johnson, Strike Price USD 65, Expires 2/16/10, Broker Deutsche Bank Securities |
|
|
(19,988 |
) |
|
|
24,000 |
|
Johnson Controls, Inc., Strike Price USD 29.31, Expires 2/25/10, Broker Credit Suisse First Boston |
|
|
(9,585 |
) |
|
|
22,400 |
|
Johnson Controls, Inc., Strike Price USD 29.70, Expires 2/18/10, Broker Morgan Stanley & Co., Inc. |
|
|
(4,805 |
) |
|
|
34,000 |
|
Kimberly-Clark Corp., Strike Price USD 60.50, Expires 3/12/10, Broker Citigroup Global Markets |
|
|
(28,022 |
) |
|
|
32,500 |
|
Kimberly-Clark Corp., Strike Price USD 63.29, Expires 3/26/10, Broker Credit Suisse First Boston |
|
|
(9,854 |
) |
|
|
57,000 |
|
Leggett & Platt, Inc., Strike Price USD 20.40, Expires 3/08/10, Broker Morgan Stanley & Co., Inc. |
|
|
(2,088 |
) |
|
|
|
|
|
|
|
|
|
3 |
|
JANUARY 31, 2010 |
|
|
|
|
Schedule of Investments (continued) |
BlackRock Enhanced Dividend Achievers™ Trust (BDJ) |
|
|
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
|
Contracts |
|
Options Written |
|
Value |
|
||
|
|
|
|
|
|
|
||
|
|
|
|
Over-the-Counter Call Options Written— (concluded) |
||||
|
|
24,500 |
|
Liberty Property Trust, Strike Price USD 33.23, Expires 2/05/10, Broker Morgan Stanley & Co., Inc. |
|
$ |
(972 |
) |
|
|
44,500 |
|
Masco Corp., Strike Price USD 15.05, Expires 2/16/10, Broker Morgan Stanley & Co., Inc. |
|
|
(5,973 |
) |
|
|
243,000 |
|
Pfizer, Inc., Strike Price USD 18.50, Expires 2/19/10, Broker UBS Securities LLC |
|
|
(132,012 |
) |
|
|
121,000 |
|
Philip Morris International, Inc., Strike Price USD 49.50, Expires 2/08/10,Broker Morgan Stanley & Co., Inc. |
|
|
(848 |
) |
|
|
43,000 |
|
Pitney Bowes, Inc., Strike Price USD 22.47, Expires 2/26/10, Broker Morgan Stanley & Co., Inc. |
|
|
(3,754 |
) |
|
|
97,500 |
|
Procter & Gamble Co. (The), Strike Price USD 61.66, Expires 3/04/10, Broker Citigroup Global Markets |
|
|
(123,816 |
) |
|
|
10,000 |
|
Progress Energy, Inc., Strike Price USD 39, Expires 3/04/10, Broker Citigroup Global Markets |
|
|
(6,514 |
) |
|
|
94,000 |
|
Progress Energy, Inc., Strike Price USD 41.81, Expires 3/04/10, Broker Morgan Stanley & Co., Inc. |
|
|
(7,660 |
) |
|
|
36,500 |
|
Realty Income Corp., Strike Price USD 25.25, Expires 2/19/10, Broker Credit Suisse First Boston |
|
|
(98,060 |
) |
|
|
21,000 |
|
RPM International, Inc., Strike Price USD 21.03, Expires 3/03/10, Broker UBS Securities LLC |
|
|
(681 |
) |
|
|
46,000 |
|
RPM International, Inc., Strike Price USD 21.10, Expires 3/15/10, Broker Credit Suisse First Boston |
|
|
(1,374 |
) |
|
|
13,000 |
|
Sherwin-Williams Co. (The), Strike Price USD 58.99, Expires 2/25/10, Broker Morgan Stanley & Co., Inc. |
|
|
(56,802 |
) |
|
|
38,000 |
|
T. Rowe Price Group, Inc., Strike Price USD 54.30, Expires 3/12/10, Broker Goldman Sachs & Co. |
|
|
(26,991 |
) |
|
|
56,000 |
|
TCF Financial Corp., Strike Price USD 13.55, Expires 2/19/10, Broker Morgan Stanley & Co., Inc. |
|
|
(73,147 |
) |
|
|
80,000 |
|
United Technologies Corp., Strike Price USD 72.29, Expires 3/12/10, Broker Morgan Stanley & Co., Inc. |
|
|
(27,819 |
) |
|
|
36,500 |
|
Universal Corp., Strike Price USD 47.22, Expires 3/05/10, Broker Citigroup Global Markets |
|
|
(40,876 |
) |
|
|
21,000 |
|
Vectren Corp., Strike Price USD 23.80, Expires 2/02/10, Broker Citigroup Global Markets |
|
|
(1,078 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Over-the-Counter Call Options Written |
|
|
(1,166,497 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Options Written (Premiums Received $7,700,082)—(0.6)% |
|
|
(3,794,379 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Investments Net of Outstanding Options Written—100.1% |
|
|
581,241,605 |
|
|
|
|
|
Liabilities in Excess of Other Assets—(0.1)% |
|
|
(367,175 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Assets—100.0% |
|
$ |
580,874,430 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
* |
The cost and unrealized appreciation (depreciation) of investments as of January 31, 2010, as computed for federal income tax purposes, were as follows: |
|
|
|
|
|
|
|
|
|
Aggregate cost |
|
$ |
656,415,132 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross unrealized appreciation |
|
$ |
9,734,223 |
|
|
|
Gross unrealized depreciation |
|
|
(81,113,371 |
) |
|
|
|
|
|
|
|
|
|
Net unrealized depreciation |
|
$ |
(71,379,148 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(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, Institutional Class |
|
$ |
(3,420,475 |
) |
$ |
1,109 |
|
|
BlackRock Liquidity Series, LLC Money Market Series |
|
$ |
1,398,500 |
|
$ |
12,376 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(e) |
Security purchased with the cash collateral from securities loans. |
|
|
|
|
|
• |
For Trust compliance purposes, the Trust’s industry classifications refer to any one or more of the industry sub-classifications used by one or more widely recognized market indexes or ratings group indexes, and/or defined by Trust management. This definition may not apply for purposes of this report, which may combine industry sub-classifications for reporting ease. |
|
|
|
|
|
|
• |
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 assets and liabilities |
|
|
|
|
|
|
• |
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 Trusts’s own assumptions used in determining the fair value of investments) |
|
|
|
|
|
|
The inputs or methodologies 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 annual report. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
JANUARY 31, 2010 |
4 |
|
|
|
|
Schedule of Investments (concluded) |
BlackRock Enhanced Dividend Achievers™ Trust (BDJ) |
|
|
(Percentages shown are based on Net Assets) |
|
|
|
The following table summarizes the inputs used as of January 31, 2010 in determining the fair valuation of the Trust’s investments: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investments in Securities |
|
||||||||||||
|
|
|
|
|
||||||||||
|
Valuation Inputs |
|
Level 1 |
|
Level 2 |
|
Level 3 |
|
Total |
|
||||
|
|
|
|
|
|
|
|
|
|
|
||||
|
Assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Common Stocks1: |
|
$ |
568,992,832 |
|
|
— |
|
|
— |
|
$ |
568,992,832 |
|
|
Short-Term Securities: |
|
|
12,653,652 |
|
$ |
3,389,500 |
|
|
— |
|
|
16,043,152 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total |
|
$ |
581,646,484 |
|
$ |
3,389,500 |
|
|
— |
|
$ |
585,035,984 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1 |
See above Schedule of Investments for values in each industry. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Financial Instruments2 |
|
||||||||||||
|
|
|
|
|
||||||||||
|
Valuation Inputs |
|
Level 1 |
|
Level 2 |
|
Level 3 |
|
Total |
|
||||
|
|
|
|
|
|
|
|
|
|
|
||||
|
Liabilities: |
|
$ |
(2,504,263 |
) |
$ |
(1,290,116 |
) |
|
— |
|
$ |
(3,794,379 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total |
|
$ |
(2,504,263 |
) |
$ |
(1,290,116 |
) |
|
— |
|
$ |
(3,794,379 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2 |
Other financial instruments are options which are shown at market value. |
KEY TO ABBREVIATIONS
USD — U.S. Dollar
|
|
|
|
|
|
|
|
|
5 |
|
JANUARY 31, 2010 |
|
|
|
|
|
|
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: March 19, 2010 |
||
|
|
|
|
|
|
|
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: March 19, 2010 |
||
|
|
|
|
|
|
|
By: |
/s/ Neal J. Andrews |
|
|
|
|
|
|
|
|
|
Neal J. Andrews |
|
|
|
|
Chief Financial Officer (principal financial officer) of |
|
|
|
|
BlackRock Enhanced Dividend AchieversTM Trust |
|
|
|
|
|
|
|
|
Date: March 19, 2010 |
||