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: Donald C. Burke, Chief Executive Officer, BlackRock Enhanced Dividend AchieversTM Trust, 800 Scudders Mill Road, Plainsboro, NJ, 08536. Mailing address: P.O. Box 9011, Princeton, NJ, 08543-9011
Registrant’s telephone number, including area code: (800) 882-0052, Option 4
Date of fiscal year end: 10/31/2009
Date of reporting period: 11/01/2008 – 01/31/2009
Item 1 – Schedule of Investments
|
|
|
|
Schedule of Investments January 31, 2009 (Unaudited) |
BlackRock Enhanced Dividend Achievers™ Trust (BDJ) |
|
|
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
|
Shares |
|
Common Stocks |
|
Value |
|
||
|
|
|
|
|
|
|
||
|
|
|
|
Aerospace & Defense—0.6% |
|
|
|
|
|
|
22,800 |
|
General Dynamics Corp. |
|
$ |
1,293,444 |
|
|
|
38,200 |
|
United Technologies Corp. |
|
|
1,833,218 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,126,662 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic Materials—1.1% |
|
|
|
|
|
|
85,750 |
|
PPG Industries, Inc. |
|
|
3,222,485 |
|
|
|
250,900 |
|
RPM International, Inc. |
|
|
3,088,579 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6,311,064 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Building & Development—0.1% |
|
|
|
|
|
|
108,200 |
|
Masco Corp. |
|
|
846,124 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Consumer Products—25.4% |
|
|
|
|
|
|
827,000 |
|
Altria Group, Inc. (a) |
|
|
13,678,580 |
|
|
|
68,900 |
|
Clorox Co. |
|
|
3,455,335 |
|
|
|
643,225 |
|
Coca-Cola Co. (The) |
|
|
27,478,572 |
|
|
|
55,000 |
|
Colgate-Palmolive Co. |
|
|
3,577,200 |
|
|
|
108,925 |
|
Harley-Davidson, Inc. |
|
|
1,326,707 |
|
|
|
470,400 |
|
Home Depot, Inc. |
|
|
10,127,712 |
|
|
|
198,000 |
|
Kimberly-Clark Corp. |
|
|
10,191,060 |
|
|
|
318,200 |
|
McDonald’s Corp. |
|
|
18,461,964 |
|
|
|
174,600 |
|
PepsiCo, Inc. |
|
|
8,770,158 |
|
|
|
544,700 |
|
Philip Morris International, Inc. (a) |
|
|
20,235,605 |
|
|
|
225,600 |
|
Procter & Gamble Co. |
|
|
12,295,200 |
|
|
|
80,800 |
|
Stanley Works (The) |
|
|
2,525,808 |
|
|
|
73,961 |
|
Universal Corp. |
|
|
2,261,727 |
|
|
|
83,550 |
|
Wal-Mart Stores, Inc. |
|
|
3,936,876 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
138,322,504 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Energy—15.5% |
|
|
|
|
|
|
81,000 |
|
Atmos Energy Corp. (a) |
|
|
1,988,550 |
|
|
|
469,100 |
|
Chevron Corp. |
|
|
33,080,932 |
|
|
|
421,800 |
|
Consolidated Edison, Inc. |
|
|
17,188,350 |
|
|
|
93,400 |
|
ExxonMobil Corp. |
|
|
7,143,232 |
|
|
|
66,700 |
|
FPL Group, Inc. |
|
|
3,438,385 |
|
|
|
92,000 |
|
Integrys Energy Group, Inc. |
|
|
3,841,000 |
|
|
|
415,450 |
|
Progress Energy, Inc. |
|
|
16,086,224 |
|
|
|
79,000 |
|
Vectren Corp. |
|
|
2,037,410 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
84,804,083 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financial Institutions—15.0% |
|
|
|
|
|
|
78,100 |
|
Associated Banc-Corp |
|
|
1,222,265 |
|
|
|
1,019,600 |
|
Bank of America Corp. |
|
|
6,708,968 |
|
|
|
440,700 |
|
BB&T Corp. (b) |
|
|
8,721,453 |
|
|
|
581,700 |
|
Citigroup, Inc. |
|
|
2,065,035 |
|
|
|
321,600 |
|
Comerica, Inc. |
|
|
5,357,856 |
|
|
|
97,200 |
|
FirstMerit Corp. |
|
|
1,571,724 |
|
|
|
149,700 |
|
FNB Corp. |
|
|
1,184,127 |
|
|
|
404,800 |
|
Fulton Financial Corp. |
|
|
2,841,696 |
|
|
|
95,700 |
|
Marshall & Ilsley Corp. |
|
|
546,447 |
|
|
|
94,000 |
|
Mercury General Corp. |
|
|
3,641,560 |
|
|
|
27,600 |
|
Northern Trust Corp. |
|
|
1,587,552 |
|
|
|
229,900 |
|
Pinnacle West Capital Corp. |
|
|
7,694,753 |
|
|
|
27,000 |
|
State Street Corp. |
|
|
628,290 |
|
|
|
129,000 |
|
SunTrust Banks, Inc. |
|
|
1,581,540 |
|
|
|
487,000 |
|
Synovus Financial Corp. |
|
|
1,928,520 |
|
|
|
80,000 |
|
T. Rowe Price Group, Inc. |
|
|
2,206,400 |
|
|
|
820,750 |
|
U.S. Bancorp |
|
|
12,179,930 |
|
|
|
103,700 |
|
Valley National Bancorp |
|
|
1,350,174 |
|
|
|
985,740 |
|
Wells Fargo & Co. |
|
|
18,630,486 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
81,648,776 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Health Care—17.7% |
|
|
|
|
|
|
457,450 |
|
Abbott Laboratories |
|
|
25,361,028 |
|
|
|
569,300 |
|
Eli Lilly & Co. |
|
|
20,961,626 |
|
|
|
35,700 |
|
Hill-Rom Holdings, Inc. |
|
|
502,656 |
|
|
|
381,225 |
|
Johnson & Johnson (a) |
|
|
21,992,870 |
|
|
|
41,500 |
|
Medtronic, Inc. |
|
|
1,389,835 |
|
|
|
1,796,000 |
|
Pfizer, Inc. |
|
|
26,185,680 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
96,393,695 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Industrials—8.3% |
|
|
|
|
|
|
226,200 |
|
3M Co. |
|
|
12,167,298 |
|
|
|
210,600 |
|
Caterpillar, Inc. |
|
|
6,497,010 |
|
|
|
204,300 |
|
Emerson Electric Co. |
|
|
6,680,610 |
|
|
|
|
|
|
|
|
|
|
|
|
Shares |
|
Common Stocks |
|
Value |
|
|||
|
|
|
|
|
|
|
|||
|
|
|
|
Industrials— (cont’d) |
|
|
|
|
|
|
|
1,385,125 |
|
General Electric Co. |
|
$ |
16,801,566 |
|
|
|
|
235,300 |
|
Leggett & Platt, Inc. |
|
|
2,938,897 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
45,085,381 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Media—0.1% |
|
|
|
|
|
|
|
113,000 |
|
New York Times Co. (The), Class A |
|
|
561,610 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Real Estate Investment Trust—1.8% |
|
|
|
|
|
|
|
142,800 |
|
Duke Realty Corp. |
|
|
1,315,188 |
|
|
|
|
71,000 |
|
HCP, Inc. |
|
|
1,657,140 |
|
|
|
|
69,900 |
|
Kimco Realty Corp. |
|
|
1,005,162 |
|
|
|
|
144,700 |
|
Lexington Realty Trust |
|
|
641,021 |
|
|
|
|
50,900 |
|
Liberty Property Trust |
|
|
1,018,000 |
|
|
|
|
128,700 |
|
Realty Income Corp. (b) |
|
|
2,480,049 |
|
|
|
|
32,350 |
|
Vornado Realty Trust |
|
|
1,643,704 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
9,760,264 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Technology—3.5% |
|
|
|
|
|
|
|
100,460 |
|
Automatic Data Processing, Inc. |
|
|
3,649,712 |
|
|
|
|
61,800 |
|
International Business Machines Corp. |
|
|
5,663,970 |
|
|
|
|
159,300 |
|
Linear Technology Corp. |
|
|
3,730,806 |
|
|
|
|
263,600 |
|
Pitney Bowes, Inc. |
|
|
5,867,736 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
18,912,224 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Telecommunications—7.1% |
|
|
|
|
|
|
|
1,115,700 |
|
AT&T Inc. |
|
|
27,468,534 |
|
|
|
|
424,300 |
|
CenturyTel, Inc. |
|
|
11,515,502 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
38,984,036 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Long-Term Investments |
|
|
524,756,423 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||
|
|
||||||||
|
Shares/Beneficial |
|
Short-Term Securities |
|
|
|
|
||
|
|
|
|
|
|
|
|
||
|
|
|
|
Money Market Fund—5.3% |
|
|
|
|
|
|
|
24,076,976 |
|
BlackRock Liquidity Funds, TempFund, 1.25%(c)(d) |
|
|
24,076,976 |
|
|
|
|
4,863,000 |
|
BlackRock Liquidity Series, LLC, Money Market Series, 0.60%(c)(d)(e) |
|
|
4,863,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Short-Term Securities |
|
|
28,939,976 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||
|
|
Contracts |
|
Options Purchased |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Exchange-Traded Call Options Purchased—0.0% |
|
|
|
|
|
|
|
2,000 |
|
Bank of America Corp., strike price $19, expires 02/23/09 |
|
|
3,000 |
|
|
|
|
1,000 |
|
Fifth Third Bancorp, strike price $7.50, expires 02/23/09 |
|
|
5,000 |
|
|
|
|
150 |
|
State Street Corp., strike price $45, expires 02/23/09 |
|
|
750 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Options Purchased |
|
|
8,750 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Investments Before Outstanding Options Written |
|
|
|
|
|
|
|
|
|
(Cost—$898,144,583*)—101.5% |
|
|
553,705,149 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||
|
|
|
|
Options Written |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Exchange-Traded Call Options Written—(0.6)% |
|
|
|
|
|
|
|
(630 |
) |
3M Co., strike price $60, expires 03/23/09 |
|
|
(33,075 |
) |
|
|
|
(600 |
) |
3M Co., strike price $65, expires 04/20/09 |
|
|
(15,000 |
) |
|
|
|
(500 |
) |
Abbott Laboratories, strike price $55, expires 03/23/09 |
|
|
(126,250 |
) |
|
|
|
(2,520 |
) |
Abbott Laboratories, strike price $57.50, expires 02/23/09 |
|
|
(138,600 |
) |
|
|
|
(2,000 |
) |
Altria Group, Inc., strike price $16, expires 02/23/09 |
|
|
(166,000 |
) |
|
|
|
(660 |
) |
Altria Group, Inc., strike price $17, expires 03/23/09 |
|
|
(35,310 |
) |
|
|
|
(940 |
) |
Altria Group, Inc., strike price $18, expires 03/23/09 |
|
|
(20,680 |
) |
|
|
|
(145 |
) |
Associated Banc-Corp, strike price $22.50, expires 03/23/09 |
|
|
(1,812 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
1 |
|
JANUARY 31, 2009 |
|
|
|
|
|
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— (cont’d) |
|
|
|
|
|
|
(280 |
) |
Associated Banc-Corp, strike price $25, expires 03/23/09 |
|
$ |
(7,000 |
) |
|
|
(550 |
) |
AT&T Inc., strike price $28, expires 02/23/09 |
|
|
(3,575 |
) |
|
|
(1,000 |
) |
AT&T Inc., strike price $28, expires 04/20/09 |
|
|
(53,500 |
) |
|
|
(1,100 |
) |
AT&T Inc., strike price $29, expires 03/23/09 |
|
|
(17,050 |
) |
|
|
(3,500 |
) |
AT&T Inc., strike price $31, expires 02/23/09 |
|
|
(3,500 |
) |
|
|
(1,000 |
) |
Bank of America Corp., strike price $16, expires 05/18/09 |
|
|
(12,000 |
) |
|
|
(2,000 |
) |
Bank of America Corp., strike price $22.50, expires 02/23/09 |
|
|
(4,000 |
) |
|
|
(1,000 |
) |
BB&T Corp., strike price $25, expires 03/23/09 |
|
|
(65,000 |
) |
|
|
(180 |
) |
BB&T Corp., strike price $27.50, expires 03/23/09 |
|
|
(5,400 |
) |
|
|
(450 |
) |
BB&T Corp., strike price $32.50, expires 03/23/09 |
|
|
(3,375 |
) |
|
|
(660 |
) |
Caterpillar, Inc., strike price $40, expires 02/23/09 |
|
|
(1,980 |
) |
|
|
(500 |
) |
Caterpillar, Inc., strike price $45, expires 02/23/09 |
|
|
(1,000 |
) |
|
|
(1,040 |
) |
CenturyTel, Inc., strike price $30, expires 02/23/09 |
|
|
(26,000 |
) |
|
|
(200 |
) |
CenturyTel, Inc., strike price $30, expires 03/23/09 |
|
|
(9,500 |
) |
|
|
(690 |
) |
CenturyTel, Inc., strike price $30, expires 04/20/09 |
|
|
(53,475 |
) |
|
|
(1,100 |
) |
Chevron Corp., strike price $75, expires 03/23/09 |
|
|
(217,250 |
) |
|
|
(850 |
) |
Chevron Corp., strike price $80, expires 02/23/09 |
|
|
(6,375 |
) |
|
|
(630 |
) |
Chevron Corp., strike price $80, expires 03/23/09 |
|
|
(45,675 |
) |
|
|
(796 |
) |
Citigroup, Inc., strike price $11, expires 03/23/09 |
|
|
(1,194 |
) |
|
|
(230 |
) |
Clorox Co., strike price $50, expires 03/23/09 |
|
|
(59,800 |
) |
|
|
(150 |
) |
Clorox Co., strike price $55, expires 03/23/09 |
|
|
(10,125 |
) |
|
|
(600 |
) |
Coca-Cola Co. (The), strike price $45, expires 03/23/09 |
|
|
(54,000 |
) |
|
|
(1,870 |
) |
Coca-Cola Co. (The), strike price $47.50, expires 02/23/09 |
|
|
(14,025 |
) |
|
|
(400 |
) |
Coca-Cola Co. (The), strike price $47.50, expires 03/23/09 |
|
|
(12,000 |
) |
|
|
(300 |
) |
Colgate-Palmolive Co., strike price $70, expires 02/23/09 |
|
|
(4,500 |
) |
|
|
(910 |
) |
Comerica, Inc., strike price $20, expires 03/23/09 |
|
|
(84,175 |
) |
|
|
(410 |
) |
Comerica, Inc., strike price $22.50, expires 03/23/09 |
|
|
(18,450 |
) |
|
|
(250 |
) |
Comerica, Inc., strike price $25, expires 02/23/09 |
|
|
(2,500 |
) |
|
|
(200 |
) |
Comerica, Inc., strike price $30, expires 04/20/09 |
|
|
(3,000 |
) |
|
|
(1,000 |
) |
Consolidated Edison, Inc., strike price $40, expires 02/23/09 |
|
|
(112,500 |
) |
|
|
(250 |
) |
Duke Realty Corp., strike price $12.50, expires 03/23/09 |
|
|
(8,125 |
) |
|
|
(600 |
) |
Eli Lilly & Co., strike price $40, expires 03/23/09 |
|
|
(51,000 |
) |
|
|
(1,300 |
) |
Eli Lilly & Co., strike price $40, expires 04/20/09 |
|
|
(165,750 |
) |
|
|
(250 |
) |
Emerson Electric Co., strike price $40, expires 02/23/09 |
|
|
(1,875 |
) |
|
|
(100 |
) |
Emerson Electric Co., strike price $40, expires 03/23/09 |
|
|
(3,250 |
) |
|
|
|
|
|
|
|
|
|
|
Contracts |
|
Options Written |
|
Value |
|
||
|
|
|
|
|
|
|
||
|
|
|
|
Exchange-Traded Call Options Written— (cont’d) |
|
|
|
|
|
|
(26 |
) |
ExxonMobil Corp., strike price $80, expires 03/23/09 |
|
$ |
(8,242 |
) |
|
|
(296 |
) |
ExxonMobil Corp., strike price $85, expires 02/23/09 |
|
|
(4,440 |
) |
|
|
(38 |
) |
ExxonMobil Corp., strike price $85, expires 03/23/09 |
|
|
(3,496 |
) |
|
|
(150 |
) |
ExxonMobil Corp., strike price $85, expires 04/20/09 |
|
|
(27,150 |
) |
|
|
(1,000 |
) |
Fifth Third Bancorp, strike price $15, expires 02/23/09 |
|
|
(5,000 |
) |
|
|
(120 |
) |
FirstMerit Corp., strike price $25, expires 03/23/09 |
|
|
(2,400 |
) |
|
|
(400 |
) |
FNB Corp., strike price $15, expires 02/23/09 |
|
|
(10,000 |
) |
|
|
(200 |
) |
FNB Corp., strike price $15, expires 05/18/09 |
|
|
(5,000 |
) |
|
|
(180 |
) |
FPL Group, Inc., strike price $60, expires 03/23/09 |
|
|
(2,700 |
) |
|
|
(125 |
) |
General Dynamics Corp., strike price $60, expires 02/23/09 |
|
|
(9,063 |
) |
|
|
(1,000 |
) |
General Electric Co., strike price $19, expires 02/23/09 |
|
|
(1,500 |
) |
|
|
(2,000 |
) |
General Electric Co., strike price $19, expires 03/23/09 |
|
|
(12,000 |
) |
|
|
(220 |
) |
Harley-Davidson, Inc., strike price $15, expires 03/23/09 |
|
|
(13,200 |
) |
|
|
(150 |
) |
HCP, Inc., strike price $30, expires 04/20/09 |
|
|
(15,000 |
) |
|
|
(1,230 |
) |
Home Depot, Inc., strike price $25, expires 03/23/09 |
|
|
(52,890 |
) |
|
|
(280 |
) |
Home Depot, Inc., strike price $27.50, expires 02/23/09 |
|
|
(560 |
) |
|
|
(250 |
) |
Integrys Energy Group, Inc., strike price $45, expires 02/23/09 |
|
|
(7,500 |
) |
|
|
(250 |
) |
Integrys Energy Group, Inc., strike price $45, expires 03/23/09 |
|
|
(22,500 |
) |
|
|
(100 |
) |
International Business Machines Corp., strike price $90, expires 02/23/09 |
|
|
(38,000 |
) |
|
|
(250 |
) |
International Business Machines Corp., strike price $95, expires 03/23/09 |
|
|
(80,000 |
) |
|
|
(1,350 |
) |
Johnson & Johnson, strike price $60, expires 03/23/09 |
|
|
(114,750 |
) |
|
|
(400 |
) |
Johnson & Johnson, strike price $65, expires 04/20/09 |
|
|
(14,000 |
) |
|
|
(500 |
) |
Kimberly-Clark Corp., strike price $55, expires 02/23/09 |
|
|
(10,000 |
) |
|
|
(490 |
) |
Kimberly-Clark Corp., strike price $55, expires 03/23/09 |
|
|
(31,850 |
) |
|
|
(100 |
) |
Kimberly-Clark Corp., strike price $70, expires 04/20/09 |
|
|
(500 |
) |
|
|
(1,300 |
) |
Leggett & Platt, Inc., strike price $15, expires 03/23/09 |
|
|
(26,000 |
) |
|
|
(280 |
) |
Liberty Property Trust, strike price $20, expires 03/23/09 |
|
|
(75,600 |
) |
|
|
(425 |
) |
Linear Technology Corp., strike price $25, expires 03/23/09 |
|
|
(31,875 |
) |
|
|
(250 |
) |
Marshall & Ilsley Corp., strike price $17.50, expires 03/23/09 |
|
|
(2,500 |
) |
|
|
(95 |
) |
Masco Corp., strike price $12.50, expires 02/23/09 |
|
|
(475 |
) |
|
|
(300 |
) |
Masco Corp., strike price $12.50, expires 04/20/09 |
|
|
(2,250 |
) |
|
|
(100 |
) |
McDonald’s Corp., strike price $60, expires 03/23/09 |
|
|
(15,000 |
) |
|
|
(850 |
) |
McDonald’s Corp., strike price $62.50, expires 03/23/09 |
|
|
(59,500 |
) |
|
|
(815 |
) |
McDonald’s Corp., strike price $65, expires 02/23/09 |
|
|
(6,112 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
JANUARY 31, 2009 |
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— (cont’d) |
|
|
|
|
|
|
|
(120 |
) |
Medtronic, Inc., strike price $35, expires 02/23/09 |
|
$ |
(7,500 |
) |
|
|
(110 |
) |
Medtronic, Inc., strike price $37.50, expires 03/23/09 |
|
|
(4,950 |
) |
|
|
(250 |
) |
New York Times Co. (The), Class A, strike price $10, expires 04/20/09 |
|
|
(2,500 |
) |
|
|
(150 |
) |
Northern Trust Corp., strike price $60, expires 03/23/09 |
|
|
(71,250 |
) |
|
|
(300 |
) |
PepsiCo, Inc., strike price $55, expires 03/23/09 |
|
|
(18,000 |
) |
|
|
(400 |
) |
PepsiCo, Inc., strike price $57.50, expires 02/23/09 |
|
|
(3,000 |
) |
|
|
(260 |
) |
PepsiCo, Inc., strike price $60, expires 02/23/09 |
|
|
(1,300 |
) |
|
|
(1,000 |
) |
Pfizer, Inc., strike price $19, expires 03/23/09 |
|
|
(2,500 |
) |
|
|
(2,525 |
) |
Pfizer, Inc., strike price $20, expires 03/23/09 |
|
|
(6,313 |
) |
|
|
(1,900 |
) |
Philip Morris International, Inc., strike price $45, expires 02/23/09 |
|
|
(14,250 |
) |
|
|
(300 |
) |
Philip Morris International, Inc., strike price $45, expires 03/23/09 |
|
|
(5,250 |
) |
|
|
(250 |
) |
Pinnacle West Capital Corp., strike price $35, expires 02/23/09 |
|
|
(6,875 |
) |
|
|
(525 |
) |
Pinnacle West Capital Corp., strike price $35, expires 03/23/09 |
|
|
(42,000 |
) |
|
|
(950 |
) |
Pitney Bowes, Inc., strike price $25, expires 03/23/09 |
|
|
(35,625 |
) |
|
|
(250 |
) |
Pitney Bowes, Inc., strike price $30, expires 04/20/09 |
|
|
(2,500 |
) |
|
|
(100 |
) |
PPG Industries, Inc., strike price $45, expires 03/23/09 |
|
|
(2,500 |
) |
|
|
(250 |
) |
Procter & Gamble Co., strike price $60, expires 03/23/09 |
|
|
(12,500 |
) |
|
|
(360 |
) |
Procter & Gamble Co., strike price $62.50, expires 03/23/09 |
|
|
(5,400 |
) |
|
|
(250 |
) |
Procter & Gamble Co., strike price $62.50, expires 04/20/09 |
|
|
(11,250 |
) |
|
|
(700 |
) |
Progress Energy, Inc., strike price $40, expires 03/23/09 |
|
|
(73,500 |
) |
|
|
(500 |
) |
Progress Energy, Inc., strike price $45, expires 04/20/09 |
|
|
(10,000 |
) |
|
|
(700 |
) |
Realty Income Corp., strike price $22.50, expires 03/23/09 |
|
|
(43,750 |
) |
|
|
(255 |
) |
Stanley Works (The), strike price $35, expires 03/23/09 |
|
|
(16,575 |
) |
|
|
(190 |
) |
Stanley Works (The), strike price $37.50, expires 02/23/09 |
|
|
(1,900 |
) |
|
|
(150 |
) |
State Street Corp., strike price $30, expires 03/23/09 |
|
|
(17,625 |
) |
|
|
(150 |
) |
State Street Corp., strike price $50, expires 02/23/09 |
|
|
(750 |
) |
|
|
(1,000 |
) |
Synovus Financial Corp., strike price $10, expires 02/23/09 |
|
|
(10,000 |
) |
|
|
(220 |
) |
T. Rowe Price Group, Inc., strike price $35, expires 03/23/09 |
|
|
(13,750 |
) |
|
|
(220 |
) |
T. Rowe Price Group, Inc., strike price $40, expires 04/20/09 |
|
|
(7,700 |
) |
|
|
(1,000 |
) |
U.S. Bancorp, strike price $17.50, expires 03/23/09 |
|
|
(90,000 |
) |
|
|
(1,000 |
) |
U.S. Bancorp, strike price $32.50, expires 03/23/09 |
|
|
(5,000 |
) |
|
|
(100 |
) |
United Technologies Corp., strike price $50, expires 03/23/09 |
|
|
(16,250 |
) |
|
|
(113 |
) |
United Technologies Corp., strike price $55, expires 02/23/09 |
|
|
(565 |
) |
|
|
(100 |
) |
Universal Corp., strike price $35, expires 03/23/09 |
|
|
(5,750 |
) |
|
|
(200 |
) |
Universal Corp., strike price $40, expires 02/23/09 |
|
|
(2,000 |
) |
|
|
|
|
|
|
|
|
|
|
Contracts |
|
Options Written |
|
Value |
|
||
|
|
|
|
|
|
|
|
|
|
|
|
|
Exchange-Traded Call Options Written— (cont’d) |
|
|
|
|
|
|
(30 |
) |
Universal Corp., strike price $40, expires 05/18/09 |
|
$ |
(1,350 |
) |
|
|
(570 |
) |
Valley National Bancorp, strike price $15, expires 03/23/09 |
|
|
(28,500 |
) |
|
|
(175 |
) |
Vornado Realty Trust, strike price $70, expires 02/23/09 |
|
|
(6,125 |
) |
|
|
(120 |
) |
Wal-Mart Stores, Inc., strike price $57.50, expires 03/23/09 |
|
|
(1,080 |
) |
|
|
(1,000 |
) |
Wells Fargo & Co., strike price $20, expires 03/23/09 |
|
|
(227,500 |
) |
|
|
(557 |
) |
Wells Fargo & Co., strike price $23, expires 03/23/09 |
|
|
(69,625 |
) |
|
|
(1,750 |
) |
Wells Fargo & Co., strike price $35, expires 02/23/09 |
|
|
(8,750 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Exchange-Traded Call Options Written |
|
|
(3,303,212 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Over-the-Counter Call Options Written—(0.1)% |
|
|
|
|
|
|
(189,000 |
) |
Altria Group, Inc., strike price $17.41, expires 04/17/09, broker Goldman Sachs & Co. |
|
|
(97,240 |
) |
|
|
(19,000 |
) |
Atmos Energy Corp., strike price $24.21, expires 02/20/09, broker Citigroup Global Markets |
|
|
(10,758 |
) |
|
|
(25,000 |
) |
Atmos Energy Corp., strike price $25, expires 03/20/09, broker Citigroup Global Markets |
|
|
(12,935 |
) |
|
|
(550 |
) |
Automatic Data Processing, Inc., strike price $41.75, expires 02/25/09, broker Jefferies & Co., Inc. |
|
|
(10,664 |
) |
|
|
(40,000 |
) |
CenturyTel, Inc., strike price $26.75, expires 02/03/09, broker UBS Securities LLC |
|
|
(24,696 |
) |
|
|
(61,000 |
) |
Coca-Cola Co. (The), strike price $46, expires 03/30/09, broker Citigroup Global Markets |
|
|
(42,517 |
) |
|
|
(60,000 |
) |
Consolidated Edison, Inc., strike price $43, expires 03/20/09, broker Deutsche Bank Securities |
|
|
(15,894 |
) |
|
|
(72,000 |
) |
Consolidated Edison, Inc., strike price $43, expires 03/31/09, broker Citigroup Global Markets |
|
|
(38,362 |
) |
|
|
(535 |
) |
Duke Realty Corp., strike price $14, expires 02/25/09, broker Jefferies & Co., Inc. |
|
|
(3,113 |
) |
|
|
(63,000 |
) |
Eli Lilly & Co., strike price $40, expires 02/20/09, broker UBS Securities LLC |
|
|
(18,095 |
) |
|
|
(625 |
) |
Eli Lilly & Co., strike price $42.50, expires 03/06/09, broker Jefferies & Co., Inc. |
|
|
(12,698 |
) |
|
|
(250 |
) |
Emerson Electric Co., strike price $37, expires 03/25/09, broker UBS Securities LLC |
|
|
(22,370 |
) |
|
|
(28,000 |
) |
Emerson Electric Co., strike price $37.83, expires 02/02/09, broker UBS Securities LLC |
|
|
(3 |
) |
|
|
(250 |
) |
Emerson Electric Co., strike price $39, expires 02/25/09, broker Jefferies & Co., Inc. |
|
|
(3,555 |
) |
|
|
(18,500 |
) |
FPL Group, Inc., strike price $52, expires 02/17/09, broker Citigroup Global Markets |
|
|
(20,612 |
) |
|
|
(2,000 |
) |
General Electric Co., strike price $15, expires 03/27/09, broker Jefferies & Co., Inc. |
|
|
(74,940 |
) |
|
|
(240 |
) |
HCP, Inc., strike price $27.50, expires 03/30/09, broker Barclays Capital, Inc. |
|
|
(26,004 |
) |
|
|
(195 |
) |
Hill-Rom Holdings, Inc., strike price $16.25, expires 03/25/09, broker UBS Securities LLC |
|
|
(3,386 |
) |
|
|
(25,300 |
) |
Integrys Energy Group, Inc., strike price $47.50, expires 02/02/09, broker UBS Securities LLC |
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
3 |
|
JANUARY 31, 2009 |
|
|
|
|
|
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— (cont’d) |
|
|
|
|
|
|
(350 |
) |
Johnson & Johnson, strike price $62, expires 02/17/09, broker Jefferies & Co., Inc. |
|
$ |
(4,368 |
) |
|
|
(250 |
) |
Kimco Realty Corp., strike price $25, expires 02/25/09, broker Jefferies & Co., Inc. |
|
|
(344 |
) |
|
|
(450 |
) |
Linear Technology Corp., strike price $24, expires 02/25/09, broker Jefferies & Co., Inc. |
|
|
(28,989 |
) |
|
|
(26,000 |
) |
Mercury General Corp., strike price $49.58, expires 02/05/09, broker UBS Securities LLC |
|
|
(70 |
) |
|
|
(280,000 |
) |
Pfizer, Inc., strike price $19.05, expires 02/20/09, broker Deutsche Bank Securities |
|
|
(2,317 |
) |
|
|
(48,900 |
) |
Pinnacle West Capital Corp., strike price $31.03, expires 02/24/09, broker UBS Securities LLC |
|
|
(123,473 |
) |
|
|
(585 |
) |
Progress Energy, Inc., strike price $41, expires 03/30/09, broker Jefferies & Co., Inc. |
|
|
(41,003 |
) |
|
|
(50,000 |
) |
Progress Energy, Inc., strike price $43.50, expires 02/13/09, broker Citigroup Global Markets |
|
|
(1,485 |
) |
|
|
(250 |
) |
RPM International, Inc., strike price $13.50, expires 03/25/09, broker Barclays Capital, Inc. |
|
|
(6,852 |
) |
|
|
(43,500 |
) |
Vectren Corp., strike price $27.50, expires 03/11/09, broker Citigroup Global Markets |
|
|
(34,578 |
) |
|
|
(110,000 |
) |
Wells Fargo & Co., strike price $33, expires 02/27/09, broker Goldman Sachs & Co. |
|
|
(1,002 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Over-the-Counter Call Options Written |
|
|
(682,323 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Options
Written |
|
|
(3,985,535 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Investments Net of Outstanding Options Written—100.8% |
|
|
549,719,614 |
|
|
|
|
|
Liabilities in Excess of Other Assets—(0.8)% |
|
|
(4,508,189 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Assets—100.0% |
|
$ |
545,211,425 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
* |
The cost and unrealized appreciation (depreciation) of investments as of January 31, 2009, as computed for federal income tax purposes, were as follows: |
|
|
|
|
|
|
|
Aggregate cost |
|
$ |
922,543,399 |
|
|
|
|
|
|
|
|
Gross unrealized appreciation |
|
$ |
1,727,591 |
|
|
Gross unrealized depreciation |
|
|
(370,565,841 |
) |
|
|
|
|
|
|
|
Net unrealized depreciation |
|
$ |
(368,838,250 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
(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 |
|
|
24,076,976 |
|
$ |
21,960 |
|
|
BlackRock Liquidity Series, LLC, Money Market Series |
|
|
(16,711,000 |
) |
$ |
1,560 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(e) |
Security purchased with the cash proceeds from securities loans. |
|
|
|
|
|
• |
For Trust compliance purposes, the Trust’s sector classifications refer to any one or more of the sector sub-classifications used by one or more widely recognized market indexes or ratings group indexes, and/or as defined by Portfolio management. This definition may not apply for purposes of this report, which may combine sector 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 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 circumstance, to the extent observable inputs are not available (including the Trust’s own assumption 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 annual report. |
|
|
|
|
|
|
|
The following table summarizes the inputs used as of January 31, 2009 in determining the fair valuation of the Trust’s investments: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||
|
Valuation |
|
Investments in |
|
Other Financial Instruments** |
|
|||||
|
|
|
|
|
|
|
|||||
|
|
|
Assets |
|
Assets |
|
Liabilities |
|
|||
|
|
|
|
|
|
|
|
|
|||
|
Level 1 |
|
$ |
548,833,399 |
|
$ |
8,750 |
|
$ |
(3,303,212 |
) |
|
Level 2 |
|
|
4,863,000 |
|
|
— |
|
|
(682,323 |
) |
|
Level 3 |
|
|
— |
|
|
— |
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total |
|
$ |
553,696,399 |
|
$ |
8,750 |
|
$ |
(3,985,535 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
** |
Other financial instruments are options contracts. |
|
|
|
|
|
|
|
|
|
|
|
|
|
JANUARY 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/ Donald C. Burke | ||
| Donald C. Burke | |||
| Chief Executive Officer of | |||
| BlackRock Enhanced Dividend AchieversTM Trust | |||
| Date: March 25, 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/ Donald C. Burke | ||
| Donald C. Burke | |||
| Chief Executive Officer (principal executive officer) of | |||
| BlackRock Enhanced Dividend AchieversTM Trust | |||
| Date: March 25, 2009 | |||
| By: | /s/ Neal J. Andrews | ||
| Neal J. Andrews | |||
| Chief Financial Officer (principal financial officer) of | |||
| BlackRock Enhanced Dividend AchieversTM Trust | |||
| Date: March 25, 2009 | |||