BlackRock Enhanced Equity Dividend Trust

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 Equity Dividend Trust (BDJ)

Fund Address: 100 Bellevue Parkway, Wilmington, DE 19809

Name and address of agent for service: John M. Perlowski, Chief Executive Officer, BlackRock Enhanced

            Equity Dividend 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: 12/31/2017

Date of reporting period: 09/30/2017

Item 1 – Schedule of Investments

Schedule of Investments September 30, 2017 (Unaudited)

   

BlackRock Enhanced Equity Dividend Trust (BDJ)

(Percentages shown are based on Net Assets)

 

Common Stocks    Shares     Value  
Aerospace & Defense — 3.1%  

Lockheed Martin Corp. (a)

      81,930     $ 25,422,060  

Northrop Grumman Corp. (a)

      108,800       31,303,936  
    

 

 

  
        56,725,996  
Air Freight & Logistics — 0.5%  

United Parcel Service, Inc., Class B (a)

      71,675       8,607,451  
Banks — 18.2%  

Bank of America Corp. (a)

      2,630,480       66,656,363  

Citigroup, Inc. (a)

      1,021,180       74,280,633  

JPMorgan Chase & Co. (a)(b)

      838,228       80,059,156  

KeyCorp (a)

      585,860       11,025,885  

SunTrust Banks, Inc. (a)

      337,240       20,156,835  

U.S. Bancorp (a)

      532,143       28,517,544  

Wells Fargo & Co. (a)

      904,791       49,899,224  
    

 

 

  
        330,595,640  
Beverages — 2.0%  

Coca-Cola Co. (a)

      203,255       9,148,507  

Diageo PLC (a)

      613,300       20,168,678  

Dr. Pepper Snapple Group, Inc. (a)

      88,380       7,818,979  
    

 

 

  
        37,136,164  
Capital Markets — 3.8%  

Goldman Sachs Group, Inc. (a)

      107,120       25,407,793  

Invesco Ltd. (a)

      251,864       8,825,314  

Morgan Stanley (a)

      718,670       34,618,334  
    

 

 

  
        68,851,441  
Chemicals — 2.8%  

DowDuPont, Inc. (a)

      640,900       44,369,507  

Praxair, Inc. (a)

      41,900       5,855,106  
    

 

 

  
        50,224,613  
Communications Equipment — 0.8%  

Motorola Solutions, Inc. (a)

      171,600       14,563,692  
Construction Materials — 0.5%  

CRH PLC (a)

      231,740       8,800,650  
Diversified Telecommunication Services — 1.7%  

BCE, Inc. (a)

      122,500       5,736,675  

Verizon Communications, Inc. (a)

      503,600       24,923,164  
    

 

 

  
        30,659,839  
Electric Utilities — 4.3%  

Exelon Corp. (a)

      299,700       11,289,699  

FirstEnergy Corp. (a)

      526,630       16,236,003  

PG&E Corp. (a)

      292,400       19,909,516  

NextEra Energy, Inc. (a)

      211,150       30,944,033  
    

 

 

  
        78,379,251  
Electronic Equipment, Instruments & Components — 0.2%  

CDW Corp. (a)

      54,235       3,579,510  
Common Stocks    Shares     Value  
Energy Equipment & Services — 0.4%  

Halliburton Co. (a)

      164,300     $ 7,562,729  
Food & Staples Retailing — 0.7%  

Kroger Co. (a)

      595,990       11,955,559  
Food Products — 0.6%  

General Mills, Inc. (a)

      82,600       4,275,376  

Kellogg Co. (a)

      107,500       6,704,775  
    

 

 

  
        10,980,151  
Health Care Equipment & Supplies — 3.2%  

Koninklijke Philips NV (a)

      792,860       32,713,371  

Becton Dickinson & Co. (a)

      66,700       13,069,865  

Medtronic PLC (a)

      54,900       4,269,573  

Smith & Nephew PLC (a)

      407,739       7,369,965  
    

 

 

  
        57,422,774  
Health Care Providers & Services — 7.2%  

Aetna, Inc. (a)

      249,056       39,602,395  

Anthem, Inc. (a)

      221,710       42,098,295  

Cardinal Health, Inc. (a)

      49,060       3,283,095  

McKesson Corp. (a)

      95,880       14,728,127  

Quest Diagnostics, Inc. (a)(b)

      111,630       10,453,033  

UnitedHealth Group, Inc. (a)

      104,500       20,466,325  
    

 

 

  
        130,631,270  
Household Products — 1.1%  

Procter & Gamble Co. (a)

      209,320       19,043,934  
Industrial Conglomerates — 4.3%  

3M Co. (a)

      63,200       13,265,680  

General Electric Co. (a)

      1,606,000       38,833,080  

Honeywell International, Inc. (a)

      189,600       26,873,904  
    

 

 

  
        78,972,664  
Insurance — 6.4%  

American International Group, Inc. (a)

      571,320       35,073,335  

Brighthouse Financial, Inc. (a)(c)

      44,511       2,706,269  

Marsh & McLennan Cos., Inc. (a)

      183,800       15,404,278  

MetLife, Inc. (a)

      584,323       30,355,580  

Prudential Financial, Inc. (a)

      151,070       16,061,762  

Travelers Cos., Inc. (a)

      137,200       16,809,744  
    

 

 

  
        116,410,968  
Leisure Products — 0.4%  

Mattel, Inc. (a)

      493,856       7,644,891  
Machinery — 0.4%  

Pentair PLC (a)

      115,400       7,842,584  
Media — 2.4%  

Comcast Corp., Class A (a)

      762,770       29,351,390  

Publicis Groupe SA (a)

      201,010       14,062,072  
    

 

 

  
        43,413,462  
 

 

     
                
   BLACKROCK ENHANCED EQUITY DIVIDEND TRUST    SEPTEMBER 30, 2017    1

Schedule of Investments (continued)

   

BlackRock Enhanced Equity Dividend Trust (BDJ)

 

Common Stocks           Shares     Value  
Multi-Utilities — 1.2%  

Public Service Enterprise Group, Inc. (a)

              456,500     $ 21,113,125  
Multiline Retail — 0.5%  

Dollar General Corp. (a)

              111,107       9,005,222  
Oil, Gas & Consumable Fuels — 11.5%  

Chevron Corp. (a)

        298,700       35,097,250  

Enbridge, Inc. (a)

        189,699       7,937,006  

Hess Corp. (a)

        411,110       19,276,948  

Marathon Oil Corp. (a)

        991,560       13,445,554  

Marathon Petroleum Corp. (a)

        279,400       15,668,752  

Occidental Petroleum Corp. (a)

        380,400       24,425,484  

Royal Dutch Shell PLC — ADR, Class A (a)

        418,230       25,336,373  

Suncor Energy, Inc. (a)

        1,102,110       38,606,913  

TOTAL SA — ADR (a)

        564,600       30,217,392  
      

 

 

  
        210,011,672  
Paper & Forest Products — 0.5%  

International Paper Co. (a)

              162,300       9,221,886  
Personal Products — 1.1%  

Unilever NV — NY Shares (a)

              348,210       20,558,318  
Pharmaceuticals — 8.4%  

AstraZeneca PLC (a)

        561,936       37,369,537  

Johnson & Johnson (a)

        84,600       10,998,846  

Merck & Co., Inc. (a)

        559,300       35,811,979  

Pfizer, Inc. (a)

        1,936,000       69,115,200  
      

 

 

  
        153,295,562  
Professional Services — 1.4%  

Equifax, Inc. (a)

        22,640       2,399,614  

Experian PLC (a)

        487,500       9,792,242  

Nielsen Holdings PLC (a)

        317,730       13,169,908  
      

 

 

  
        25,361,764  
Road & Rail — 0.6%  

Union Pacific Corp. (a)

              96,000       11,133,120  
Semiconductors & Semiconductor Equipment — 2.1%  

QUALCOMM, Inc. (a)

        326,100       16,905,024  

Taiwan Semiconductor Manufacturing Co. Ltd. — ADR (a)

        587,910       22,076,020  
      

 

 

  
        38,981,044  
Common Stocks           Shares     Value  
Software — 5.3%  

Constellation Software, Inc. (a)

        12,200     $ 6,656,003  

Microsoft Corp. (a)

        486,330       36,226,722  

Oracle Corp. (a)

        1,113,400       53,832,890  
      

 

 

  
        96,715,615  
Specialty Retail — 0.5%  

Lowe’s Cos., Inc. (a)

              115,500       9,233,070  
Technology Hardware, Storage & Peripherals — 1.7%  

Samsung Electronics Co. Ltd. — GDR (a)

        20,420       23,160,238  

Lenovo Group Ltd. (a)

              13,220,000       7,316,792  
                       30,477,030  
Tobacco — 0.8%  

Altria Group, Inc. (a)

        119,200       7,559,664  

Philip Morris International, Inc. (a)

        69,800       7,748,498  
      

 

 

  
        15,308,162  
Wireless Telecommunication Services — 0.5%  

SK Telecom Co. Ltd. — ADR (a)

              400,700       9,853,213  
Total Long-Term Investments
(Cost — $1,370,577,129) — 101.1%		       1,840,274,036  
      
                          
Short-Term Securities  

BlackRock Liquidity Funds, T-Fund, Institutional Class, 0.91% (d)(e)

              9,359,054       9,359,054  
Total Short-Term Securities
(Cost — $9,359,054) — 0.5%		       9,359,054  
Total Investments Before Options Written
(Cost — $1,379,936,183) — 101.6%		       1,849,633,090  
Options Written
(Premiums Received — $17,464,260) — (1.5)%		       (28,246,505 ) 
Total Investments, Net of Options Written
(Cost — $1,362,471,923) — 100.1%		       1,821,386,585  
Liabilities in Excess of Other Assets — (0.1)%       (1,253,937 ) 
      

 

 

  
Net Assets — 100.0%     $ 1,820,132,648  
      

 

 

  
 

 

     
                
2    BLACKROCK ENHANCED EQUITY DIVIDEND TRUST    SEPTEMBER 30, 2017   

Schedule of Investments (continued)

   

BlackRock Enhanced Equity Dividend Trust (BDJ)

 

 

Notes to Schedule of Investments

 

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

 

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

 

(c)   Non-income producing security.

 

(d)   Annualized 7-day yield as of period end.

 

(e)   During the period ended September 30, 2017, investments in issuers considered to be affiliates of the Trust for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

 

Affiliate   Shares Held at
December 31,
2016		        Net
Activity		        Shares Held at
September 30,
2017		        Value at
September 30,
2017		        Income        Net Realized
Gain (Loss)		        Change in
Unrealized
Appreciation
(Depreciation)		  

BlackRock Liquidity Funds, T-Fund, Institutional Class

     3,630,472          5,728,582          9,359,054        $ 9,359,054        $ 45,225          —          —  

SL Liquidity Series, LLC, Money Market Series

     —          —          —          —          1,511 1         —          —  

Total

                  $ 9,359,054        $ 46,736          —          —  
                

 

 

  

1    Represents securities lending income earned from the reinvestment of cash collateral from loaned securities, net of fees and collateral investment expenses, and other payments to and from borrowers of securities.

     

For Trust compliance purposes, the Trust’s industry classifications refer to one or more of the industry sub-classifications used by one or more widely recognized market indexes or rating group indexes, and/or as defined by the investment adviser. These definitions may not apply for purposes of this report, which may combine such industry sub-classifications for reporting ease.

 

Portfolio Abbreviations

 

ADR    American Depositary Receipts
GDR    Global Depositary Receipt
OTC    Over-the-Counter

 

Derivative Financial Instruments Outstanding as of Period End

 

Exchange-Traded Options Written  
Description   Number of
Contracts		    Expiration
Date		      Exercise
Price		    Notional
Amount
(000)		   Value  

Call

                   

Bank of America Corp.

   701      10/02/17        USD      24.25      USD      1,776   $ (76,825 ) 

Royal Dutch Shell PLC — ADR, Class A

   322      10/02/17        USD      56.60      USD      1,951     (127,438 ) 

Public Service Enterprise Group, Inc.

   475      10/03/17        USD      47.01      USD      2,197     (3,920 ) 

DowDuPont, Inc.

   50      10/05/17        USD      65.25      USD      346     (20,014 ) 

Kellogg Co.

   167      10/05/17        USD      70.00      USD      1,042     —  

Pfizer, Inc.

   467      10/05/17        USD      33.55      USD      1,667     (100,714 ) 

Bank of America Corp.

   821      10/06/17        USD      24.00      USD      2,080     (111,246 ) 

Bank of America Corp.

   822      10/06/17        USD      24.50      USD      2,083     (73,569 ) 

Chevron Corp.

   126      10/06/17        USD      110.00      USD      1,481     (94,815 ) 

Citigroup, Inc.

   967      10/06/17        USD      67.50      USD      7,034     (505,258 ) 

JPMorgan Chase & Co.

   629      10/06/17        USD      93.00      USD      6,008     (159,137 ) 

JPMorgan Chase & Co.

   385      10/06/17        USD      91.00      USD      3,677     (167,475 ) 

Johnson & Johnson

   70      10/06/17        USD      132.00      USD      910     (980 ) 

Lockheed Martin Corp.

   313      10/06/17        USD      310.00      USD      9,712     (65,730 ) 

Marathon Petroleum Corp.

   311      10/06/17        USD      54.50      USD      1,744     (53,648 ) 

Merck & Co., Inc.

   206      10/06/17        USD      65.50      USD      1,319     (1,648 ) 

Microsoft Corp.

   494      10/06/17        USD      73.50      USD      3,680     (59,033 ) 

Morgan Stanley

   788      10/06/17        USD      46.50      USD      3,796     (139,082 ) 

 

     
                
   BLACKROCK ENHANCED EQUITY DIVIDEND TRUST    SEPTEMBER 30, 2017    3

Schedule of Investments (continued)

   

BlackRock Enhanced Equity Dividend Trust (BDJ)

 

 

Exchange-Traded Options Written (continued)  
Description   Number of
Contracts		    Expiration
Date		    Exercise
Price		   

Notional

Amount
(000)

    Value  

Occidental Petroleum Corp.

   393    10/06/17    USD    61.00    USD    2,523    $ (128,708 ) 

Oracle Corp.

   1,190    10/06/17    USD    51.00    USD    5,754      (4,760 ) 

Pentair PLC

   252    10/06/17    USD    62.25    USD    1,713      (144,251 ) 

Pfizer, Inc.

   634    10/06/17    USD    34.00    USD    2,263      (110,950 ) 

Procter & Gamble Co.

   441    10/06/17    USD    92.50    USD    4,012      (2,866 ) 

Quest Diagnostics, Inc.

   363    10/06/17    USD    105.40    USD    3,399      —  

Suncor Energy, Inc.

   432    10/06/17    USD    31.50    USD    1,513      (154,440 ) 

Taiwan Semiconductor Manufacturing Co. Ltd. — ADR

   753    10/06/17    USD    36.75    USD    2,828      (73,863 ) 

United Parcel Service, Inc., Class B

   190    10/06/17    USD    116.00    USD    2,282      (83,125 ) 

UnitedHealth Group, Inc.

   72    10/06/17    USD    195.00    USD    1,410      (14,220 ) 

Verizon Communications, Inc.

   821    10/06/17    USD    49.00    USD    4,063      (49,671 ) 

Pfizer, Inc.

   725    10/12/17    USD    33.75    USD    2,588      (143,116 ) 

3M Co.

   60    10/13/17    USD    205.00    USD    1,259      (33,750 ) 

Altria Group, Inc.

   5    10/13/17    USD    65.25    USD    32      (109 ) 

Altria Group, Inc.

   70    10/13/17    USD    63.00    USD    444      (7,140 ) 

Anthem, Inc.

   298    10/13/17    USD    197.50    USD    5,658      (8,046 ) 

Comcast Corp., Class A

   569    10/13/17    USD    41.00    USD    2,190      (3,414 ) 

DowDuPont, Inc.

   954    10/13/17    USD    66.85    USD    6,605      (251,137 ) 

Equifax, Inc.

   57    10/13/17    USD    108.00    USD    604      (11,685 ) 

Halliburton Co.

   821    10/13/17    USD    42.00    USD    3,779      (338,663 ) 

JPMorgan Chase & Co.

   387    10/13/17    USD    92.00    USD    3,696      (134,483 ) 

Kroger Co.

   740    10/13/17    USD    24.50    USD    1,484      (3,700 ) 

Marathon Oil Corp.

   1,370    10/13/17    USD    11.50    USD    1,858      (284,275 ) 

Marathon Petroleum Corp.

   283    10/13/17    USD    55.00    USD    1,587      (44,431 ) 

Merck & Co., Inc.

   309    10/13/17    USD    64.50    USD    1,979      (11,433 ) 

Microsoft Corp.

   437    10/13/17    USD    75.50    USD    3,255      (15,732 ) 

Northrop Grumman Corp.

   90    10/13/17    USD    275.00    USD    2,589      (120,150 ) 

Oracle Corp.

   406    10/13/17    USD    53.00    USD    1,963      (1,624 ) 

Procter & Gamble Co.

   65    10/13/17    USD    93.00    USD    591      (780 ) 

Quest Diagnostics, Inc.

   363    10/13/17    USD    105.40    USD    3,399      (6 ) 

Suncor Energy, Inc.

   862    10/13/17    USD    33.00    USD    3,020      (184,037 ) 

Taiwan Semiconductor Manufacturing Co. Ltd. — ADR

   753    10/13/17    USD    37.00    USD    2,828      (68,833 ) 

Union Pacific Corp.

   116    10/13/17    USD    105.00    USD    1,345      (129,340 ) 

UnitedHealth Group, Inc.

   36    10/13/17    USD    200.00    USD    705      (2,610 ) 

3M Co.

   63    10/20/17    USD    210.00    USD    1,322      (15,151 ) 

Aetna, Inc.

   417    10/20/17    USD    160.00    USD    6,631      (84,026 ) 

Altria Group, Inc.

   286    10/20/17    USD    65.00    USD    1,814      (12,012 ) 

American International Group, Inc.

   675    10/20/17    USD    60.90    USD    4,144      (82,446 ) 

Anthem, Inc.

   383    10/20/17    USD    195.00    USD    7,272      (47,109 ) 

Bank of America Corp.

   1,043    10/20/17    USD    24.00    USD    2,643      (154,364 ) 

Becton Dickinson & Co.

   239    10/20/17    USD    199.75    USD    4,683      (21,484 ) 

Becton Dickinson & Co.

   194    10/20/17    USD    200.00    USD    3,801      (16,005 ) 

Cardinal Health, Inc.

   61    10/20/17    USD    67.50    USD    408      (5,337 ) 

Chevron Corp.

   126    10/20/17    USD    110.00    USD    1,481      (96,705 ) 

Citigroup, Inc.

   337    10/20/17    USD    70.00    USD    2,451      (106,155 ) 

Citigroup, Inc.

   967    10/20/17    USD    67.50    USD    7,034      (522,180 ) 

Coca-Cola Co.

   154    10/20/17    USD    45.60    USD    693      (3,368 ) 

DowDuPont, Inc.

   348    10/20/17    USD    65.00    USD    2,409      (150,510 ) 

Dr. Pepper Snapple Group, Inc.

   101    10/20/17    USD    92.50    USD    894      (1,515 ) 

Enbridge, Inc.

   463    10/20/17    USD    42.50    USD    1,937      (10,417 ) 

Equifax, Inc.

   56    10/20/17    USD    108.00    USD    594      (14,952 ) 

 

     
                
4    BLACKROCK ENHANCED EQUITY DIVIDEND TRUST    SEPTEMBER 30, 2017   

Schedule of Investments (continued)

   

BlackRock Enhanced Equity Dividend Trust (BDJ)

 

 

Exchange-Traded Options Written (continued)  
Description   Number of
Contracts		    Expiration
Date		    Exercise
Price		   

Notional

Amount
(000)

    Value  

Exelon Corp.

   748    10/20/17    USD    38.00    USD    2,818    $ (28,050 ) 

FirstEnergy Corp.

   559    10/20/17    USD    33.00    USD    1,723      (2,795 ) 

FirstEnergy Corp.

   398    10/20/17    USD    32.00    USD    1,227      (3,980 ) 

General Electric Co.

   1,386    10/20/17    USD    25.00    USD    3,351      (18,018 ) 

General Mills, Inc.

   206    10/20/17    USD    56.25    USD    1,066      (1,488 ) 

General Mills, Inc.

   207    10/20/17    USD    57.50    USD    1,071      (2,380 ) 

Hess Corp.

   459    10/20/17    USD    40.00    USD    2,152      (320,153 ) 

Honeywell International, Inc.

   319    10/20/17    USD    140.00    USD    4,522      (101,283 ) 

International Paper Co.

   297    10/20/17    USD    57.50    USD    1,688      (17,968 ) 

Invesco Ltd.

   629    10/20/17    USD    33.00    USD    2,204      (135,235 ) 

JPMorgan Chase & Co.

   629    10/20/17    USD    95.00    USD    6,008      (95,608 ) 

Kellogg Co.

   65    10/20/17    USD    67.50    USD    405      (650 ) 

Kellogg Co.

   138    10/20/17    USD    70.00    USD    861      (690 ) 

KeyCorp

   255    10/20/17    USD    18.00    USD    480      (25,627 ) 

Lowe’s Cos., Inc.

   289    10/20/17    USD    79.50    USD    2,310      (42,916 ) 

Marathon Oil Corp.

   326    10/20/17    USD    11.00    USD    442      (83,945 ) 

Marathon Petroleum Corp.

   420    10/20/17    USD    52.50    USD    2,355      (159,600 ) 

Marsh & McLennan Cos., Inc.

   710    10/20/17    USD    78.25    USD    5,951      (405,051 ) 

Mattel, Inc.

   960    10/20/17    USD    17.00    USD    1,486      (9,600 ) 

McKesson Corp.

   60    10/20/17    USD    155.00    USD    922      (13,200 ) 

Merck & Co., Inc.

   634    10/20/17    USD    65.00    USD    4,060      (25,994 ) 

Microsoft Corp.

   247    10/20/17    USD    75.00    USD    1,840      (19,142 ) 

Microsoft Corp.

   581    10/20/17    USD    74.50    USD    4,328      (59,843 ) 

Motorola Solutions, Inc.

   429    10/20/17    USD    87.50    USD    3,641      (16,516 ) 

NextEra Energy, Inc.

   429    10/20/17    USD    150.00    USD    6,287      (22,522 ) 

Nielsen Holdings PLC

   943    10/20/17    USD    40.10    USD    3,909      (160,753 ) 

Northrop Grumman Corp.

   181    10/20/17    USD    275.00    USD    5,208      (242,540 ) 

Occidental Petroleum Corp.

   393    10/20/17    USD    62.50    USD    2,523      (86,657 ) 

Oracle Corp.

   604    10/20/17    USD    50.00    USD    2,920      (11,174 ) 

Pentair PLC

   73    10/20/17    USD    65.00    USD    496      (22,995 ) 

Pfizer, Inc.

   1,441    10/20/17    USD    34.00    USD    5,144      (255,057 ) 

Philip Morris International, Inc.

   174    10/20/17    USD    115.75    USD    1,932      (4,977 ) 

Praxair, Inc.

   136    10/20/17    USD    135.00    USD    1,900      (74,120 ) 

Praxair, Inc.

   137    10/20/17    USD    140.00    USD    1,914      (28,427 ) 

Procter & Gamble Co.

   323    10/20/17    USD    70.10    USD    2,199      (5,059 ) 

Procter & Gamble Co.

   441    10/20/17    USD    92.50    USD    4,012      (17,640 ) 

Prudential Financial, Inc.

   755    10/20/17    USD    105.00    USD    8,027      (201,208 ) 

QUALCOMM, Inc.

   523    10/20/17    USD    50.00    USD    2,711      (111,922 ) 

Royal Dutch Shell PLC — ADR, Class A

   512    10/20/17    USD    57.50    USD    3,102      (163,840 ) 

SunTrust Banks, Inc.

   426    10/20/17    USD    55.00    USD    2,546      (211,935 ) 

Suncor Energy, Inc.

   1,212    10/20/17    USD    31.00    USD    4,246      (499,950 ) 

TOTAL SA — ADR

   877    10/20/17    USD    51.25    USD    4,694      (207,509 ) 

Taiwan Semiconductor Manufacturing Co. Ltd. — ADR

   522    10/20/17    USD    37.00    USD    1,960      (54,810 ) 

Taiwan Semiconductor Manufacturing Co. Ltd. — ADR

   263    10/20/17    USD    38.00    USD    988      (13,807 ) 

Travelers Cos., Inc.

   445    10/20/17    USD    125.00    USD    5,452      (46,725 ) 

U.S. Bancorp

   789    10/20/17    USD    52.50    USD    4,228      (125,846 ) 

Unilever NV — NY Shares

   907    10/20/17    USD    60.00    USD    5,355      (40,815 ) 

Unilever NV — NY Shares

   834    10/20/17    USD    62.50    USD    4,924      (6,255 ) 

UnitedHealth Group, Inc.

   370    10/20/17    USD    200.00    USD    7,246      (72,150 ) 

Verizon Communications, Inc.

   122    10/20/17    USD    49.00    USD    604      (10,736 ) 

Wells Fargo & Co.

   1,532    10/20/17    USD    50.00    USD    8,449      (808,130 ) 

BCE, Inc.

   251    10/23/17    USD    47.03    USD    1,175      (15,222 ) 

 

     
                
   BLACKROCK ENHANCED EQUITY DIVIDEND TRUST    SEPTEMBER 30, 2017    5

Schedule of Investments (continued)

   

BlackRock Enhanced Equity Dividend Trust (BDJ)

 

 

Exchange-Traded Options Written (continued)  
Description   Number of
Contracts		    Expiration
Date		    Exercise
Price		   

Notional

Amount
(000)

    Value  

Pentair PLC

   252    10/23/17    USD    62.25    USD    1,713    $ (137,721 ) 

Honeywell International, Inc.

   319    10/25/17    USD    140.01    USD    4,522      (109,139 ) 

Public Service Enterprise Group, Inc.

   1,001    10/26/17    USD    46.20    USD    4,630      (89,322 ) 

3M Co.

   97    10/27/17    USD    215.00    USD    2,036      (16,344 ) 

3M Co.

   96    10/27/17    USD    217.50    USD    2,015      (9,840 ) 

Aetna, Inc.

   243    10/27/17    USD    160.00    USD    3,864      (68,040 ) 

Altria Group, Inc.

   172    10/27/17    USD    64.50    USD    1,091      (13,158 ) 

American International Group, Inc.

   708    10/27/17    USD    58.00    USD    4,346      (258,420 ) 

Anthem, Inc.

   74    10/27/17    USD    195.00    USD    1,405      (17,575 ) 

Anthem, Inc.

   149    10/27/17    USD    192.50    USD    2,829      (49,915 ) 

Bank of America Corp.

   1,841    10/27/17    USD    23.50    USD    4,665      (364,518 ) 

Cardinal Health, Inc.

   123    10/27/17    USD    68.50    USD    823      (8,917 ) 

Citigroup, Inc.

   587    10/27/17    USD    69.00    USD    4,270      (245,073 ) 

Comcast Corp., Class A

   821    10/27/17    USD    39.00    USD    3,159      (53,365 ) 

Dollar General Corp.

   144    10/27/17    USD    79.00    USD    1,167      (42,480 ) 

DowDuPont, Inc.

   252    10/27/17    USD    70.50    USD    1,745      (14,364 ) 

General Electric Co.

   263    10/27/17    USD    24.50    USD    636      (9,073 ) 

General Electric Co.

   219    10/27/17    USD    25.50    USD    530      (1,971 ) 

General Electric Co.

   1,263    10/27/17    USD    25.00    USD    3,054      (21,471 ) 

Goldman Sachs Group, Inc.

   94    10/27/17    USD    235.00    USD    2,230      (60,865 ) 

Hess Corp.

   534    10/27/17    USD    42.00    USD    2,504      (273,675 ) 

Hess Corp.

   319    10/27/17    USD    44.00    USD    1,496      (108,460 ) 

JPMorgan Chase & Co.

   433    10/27/17    USD    93.50    USD    4,136      (112,364 ) 

JPMorgan Chase & Co.

   236    10/27/17    USD    95.50    USD    2,254      (33,866 ) 

KeyCorp

   567    10/27/17    USD    17.00    USD    1,067      (108,014 ) 

KeyCorp

   1,709    10/27/17    USD    18.50    USD    3,216      (117,067 ) 

Kroger Co.

   1,433    10/27/17    USD    22.00    USD    2,875      (25,077 ) 

Lockheed Martin Corp.

   96    10/27/17    USD    312.50    USD    2,979      (43,200 ) 

Lowe’s Cos., Inc.

   288    10/27/17    USD    79.50    USD    2,302      (46,800 ) 

Marathon Oil Corp.

   1,236    10/27/17    USD    12.00    USD    1,676      (198,378 ) 

Marathon Petroleum Corp.

   100    10/27/17    USD    53.50    USD    561      (31,250 ) 

Mattel, Inc.

   712    10/27/17    USD    16.00    USD    1,102      (42,720 ) 

Mattel, Inc.

   797    10/27/17    USD    16.50    USD    1,234      (31,880 ) 

Medtronic PLC

   274    10/27/17    USD    82.50    USD    2,131      (2,603 ) 

Merck & Co., Inc.

   824    10/27/17    USD    65.50    USD    5,276      (43,260 ) 

MetLife, Inc.

   1,070    10/27/17    USD    49.50    USD    5,559      (302,810 ) 

MetLife, Inc.

   404    10/27/17    USD    50.50    USD    2,099      (80,598 ) 

Microsoft Corp.

   108    10/27/17    USD    74.00    USD    804      (21,654 ) 

Morgan Stanley

   998    10/27/17    USD    47.50    USD    4,807      (157,684 ) 

Northrop Grumman Corp.

   89    10/27/17    USD    267.50    USD    2,561      (186,455 ) 

Occidental Petroleum Corp.

   856    10/27/17    USD    62.00    USD    5,496      (237,540 ) 

Oracle Corp.

   532    10/27/17    USD    51.00    USD    2,572      (7,182 ) 

Pfizer, Inc.

   815    10/27/17    USD    35.50    USD    2,910      (50,938 ) 

Procter & Gamble Co.

   754    10/27/17    USD    70.91    USD    5,134      (9,146 ) 

Procter & Gamble Co.

   99    10/27/17    USD    95.00    USD    901      (1,386 ) 

QUALCOMM, Inc.

   343    10/27/17    USD    53.00    USD    1,778      (18,693 ) 

U.S. Bancorp

   222    10/27/17    USD    52.00    USD    1,190      (46,287 ) 

Union Pacific Corp.

   144    10/27/17    USD    114.00    USD    1,670      (55,800 ) 

United Parcel Service, Inc., Class B

   24    10/27/17    USD    119.00    USD    288      (6,372 ) 

UnitedHealth Group, Inc.

   35    10/27/17    USD    197.50    USD    685      (11,812 ) 

Verizon Communications, Inc.

   394    10/27/17    USD    47.00    USD    1,950      (99,288 ) 

Exelon Corp.

   187    10/31/17    USD    37.50    USD    704      (13,353 ) 

FirstEnergy Corp.

   397    10/31/17    USD    32.01    USD    1,224      (9,124 ) 

 

     
                
6    BLACKROCK ENHANCED EQUITY DIVIDEND TRUST    SEPTEMBER 30, 2017   

Schedule of Investments (continued)

   

BlackRock Enhanced Equity Dividend Trust (BDJ)

 

 

Exchange-Traded Options Written (continued)  
Description   Number of
Contracts		    Expiration
Date		    Exercise
Price		   

Notional

Amount
(000)

    Value  

TOTAL SA — ADR

   628    10/31/17    USD    53.50    USD    3,361    $ (65,377 ) 

Taiwan Semiconductor Manufacturing Co. Ltd. — ADR

   739    10/31/17    USD    38.00    USD    2,775      (51,515 ) 

Johnson & Johnson

   207    11/01/17    USD    132.50    USD    2,691      (24,576 ) 

Aetna, Inc.

   245    11/03/17    USD    155.00    USD    3,896      (165,375 ) 

Anthem, Inc.

   75    11/03/17    USD    190.00    USD    1,424      (37,125 ) 

Bank of America Corp.

   1,809    11/03/17    USD    25.50    USD    4,584      (113,967 ) 

Cardinal Health, Inc.

   61    11/03/17    USD    68.50    USD    408      (6,405 ) 

Coca-Cola Co.

   299    11/03/17    USD    46.00    USD    1,346      (8,521 ) 

Comcast Corp., Class A

   1,468    11/03/17    USD    38.50    USD    5,649      (142,396 ) 

DowDuPont, Inc.

   301    11/03/17    USD    71.00    USD    2,084      (20,317 ) 

General Electric Co.

   2,185    11/03/17    USD    25.00    USD    5,283      (49,163 ) 

Goldman Sachs Group, Inc.

   162    11/03/17    USD    232.50    USD    3,842      (142,965 ) 

JPMorgan Chase & Co.

   243    11/03/17    USD    96.00    USD    2,321      (34,506 ) 

KeyCorp

   398    11/03/17    USD    18.50    USD    749      (29,452 ) 

Marathon Oil Corp.

   1,320    11/03/17    USD    13.50    USD    1,790      (83,160 ) 

Marathon Petroleum Corp.

   283    11/03/17    USD    56.00    USD    1,587      (48,676 ) 

Microsoft Corp.

   478    11/03/17    USD    75.00    USD    3,561      (76,958 ) 

Morgan Stanley

   291    11/03/17    USD    49.00    USD    1,402      (26,917 ) 

Northrop Grumman Corp.

   184    11/03/17    USD    290.00    USD    5,294      (86,480 ) 

Oracle Corp.

   1,767    11/03/17    USD    50.00    USD    8,543      (59,195 ) 

Pfizer, Inc.

   691    11/03/17    USD    36.00    USD    2,467      (33,859 ) 

QUALCOMM, Inc.

   335    11/03/17    USD    53.00    USD    1,737      (38,190 ) 

Suncor Energy, Inc.

   739    11/03/17    USD    35.00    USD    2,589      (66,510 ) 

Taiwan Semiconductor Manufacturing Co. Ltd. — ADR

   261    11/03/17    USD    37.50    USD    980      (24,273 ) 

U.S. Bancorp

   347    11/03/17    USD    54.00    USD    1,860      (32,271 ) 

Verizon Communications, Inc.

   855    11/03/17    USD    50.00    USD    4,231      (50,445 ) 

Exelon Corp.

   250    11/06/17    USD    38.01    USD    942      (13,883 ) 

SunTrust Banks, Inc.

   425    11/06/17    USD    57.30    USD    2,540      (150,593 ) 

Bank of America Corp.

   1,043    11/09/17    USD    24.70    USD    2,643      (126,992 ) 

Citigroup, Inc.

   1,124    11/09/17    USD    69.35    USD    8,176      (436,894 ) 

Kellogg Co.

   167    11/09/17    USD    70.00    USD    1,042      (1,342 ) 

Travelers Cos., Inc.

   445    11/09/17    USD    125.00    USD    5,452      (72,318 ) 

U.S. Bancorp

   316    11/09/17    USD    52.25    USD    1,693      (64,083 ) 

Chevron Corp.

   335    11/10/17    USD    118.00    USD    3,936      (64,488 ) 

Comcast Corp., Class A

   1,495    11/10/17    USD    38.50    USD    5,753      (161,460 ) 

Dollar General Corp.

   400    11/10/17    USD    81.00    USD    3,242      (88,000 ) 

DowDuPont, Inc.

   954    11/10/17    USD    69.00    USD    6,605      (163,134 ) 

International Paper Co.

   591    11/10/17    USD    58.00    USD    3,358      (58,509 ) 

JPMorgan Chase & Co.

   816    11/10/17    USD    95.50    USD    7,794      (149,736 ) 

Kroger Co.

   403    11/10/17    USD    21.00    USD    808      (20,150 ) 

Marsh & McLennan Cos., Inc.

   227    11/10/17    USD    78.50    USD    1,902      (118,345 ) 

McKesson Corp.

   357    11/10/17    USD    157.50    USD    5,484      (141,015 ) 

MetLife, Inc.

   461    11/10/17    USD    52.50    USD    2,395      (56,703 ) 

Microsoft Corp.

   766    11/10/17    USD    74.50    USD    5,706      (155,498 ) 

Morgan Stanley

   518    11/10/17    USD    48.50    USD    2,495      (62,937 ) 

Oracle Corp.

   1,103    11/10/17    USD    50.00    USD    5,333      (45,223 ) 

Pfizer, Inc.

   339    11/10/17    USD    35.50    USD    1,210      (27,120 ) 

SK Telecom Co. Ltd.

   181    11/10/17    USD    25.25    USD    445      (8,732 ) 

Taiwan Semiconductor Manufacturing Co. Ltd. — ADR

   262    11/10/17    USD    37.25    USD    984      (26,909 ) 

UnitedHealth Group, Inc.

   166    11/10/17    USD    197.50    USD    3,251      (68,558 ) 

Wells Fargo & Co.

   769    11/10/17    USD    54.50    USD    4,241      (123,040 ) 

 

     
                
   BLACKROCK ENHANCED EQUITY DIVIDEND TRUST    SEPTEMBER 30, 2017    7

Schedule of Investments (continued)

   

BlackRock Enhanced Equity Dividend Trust (BDJ)

 

 

Exchange-Traded Options Written (continued)  
Description   Number of
Contracts		    Expiration
Date		    Exercise
Price		   

Notional

Amount
(000)

    Value  

FirstEnergy Corp.

   1,000    11/13/17    USD    32.55    USD    3,083    $ (14,625 ) 

Pfizer, Inc.

   1,833    11/13/17    USD    35.40    USD    6,544      (133,813 ) 

Aetna, Inc.

   340    11/17/17    USD    165.00    USD    5,406      (69,020 ) 

Altria Group, Inc.

   63    11/17/17    USD    64.01    USD    400      (8,906 ) 

American International Group, Inc.

   616    11/17/17    USD    62.50    USD    3,782      (71,148 ) 

Anthem, Inc.

   129    11/17/17    USD    195.00    USD    2,449      (44,505 ) 

Bank of America Corp.

   2,724    11/17/17    USD    25.00    USD    6,903      (287,382 ) 

Bank of America Corp.

   972    11/17/17    USD    26.00    USD    2,463      (53,946 ) 

Chevron Corp.

   399    11/17/17    USD    112.25    USD    4,688      (212,891 ) 

Chevron Corp.

   310    11/17/17    USD    113.25    USD    3,643      (143,491 ) 

Chevron Corp.

   198    11/17/17    USD    120.00    USD    2,327      (23,958 ) 

Citigroup, Inc.

   1,123    11/17/17    USD    70.00    USD    8,169      (415,510 ) 

Coca-Cola Co.

   154    11/17/17    USD    46.00    USD    693      (5,929 ) 

Coca-Cola Co.

   116    11/17/17    USD    47.00    USD    522      (1,624 ) 

Comcast Corp., Class A

   605    11/17/17    USD    40.00    USD    2,328      (32,367 ) 

Dollar General Corp.

   11    11/17/17    USD    80.00    USD    89      (3,355 ) 

DowDuPont, Inc.

   345    11/17/17    USD    65.00    USD    2,388      (163,013 ) 

Dr. Pepper Snapple Group, Inc.

   49    11/17/17    USD    95.00    USD    434      (1,837 ) 

Dr. Pepper Snapple Group, Inc.

   291    11/17/17    USD    90.00    USD    2,574      (45,832 ) 

Enbridge, Inc.

   485    11/17/17    USD    42.50    USD    2,029      (30,312 ) 

Exelon Corp.

   313    11/17/17    USD    38.00    USD    1,179      (21,910 ) 

FirstEnergy Corp.

   279    11/17/17    USD    31.00    USD    860      (18,972 ) 

General Electric Co.

   293    11/17/17    USD    25.00    USD    708      (10,694 ) 

General Electric Co.

   196    11/17/17    USD    26.00    USD    474      (2,744 ) 

Goldman Sachs Group, Inc.

   279    11/17/17    USD    235.00    USD    6,618      (235,058 ) 

Hess Corp.

   743    11/17/17    USD    45.00    USD    3,484      (235,903 ) 

Honeywell International, Inc.

   310    11/17/17    USD    145.00    USD    4,394      (45,570 ) 

International Paper Co.

   166    11/17/17    USD    57.50    USD    943      (21,331 ) 

Invesco Ltd.

   630    11/17/17    USD    35.00    USD    2,208      (61,425 ) 

JPMorgan Chase & Co.

   433    11/17/17    USD    95.00    USD    4,136      (100,673 ) 

Johnson & Johnson

   272    11/17/17    USD    135.00    USD    3,536      (20,808 ) 

Kroger Co.

   403    11/17/17    USD    21.00    USD    808      (22,165 ) 

Marathon Oil Corp.

   610    11/17/17    USD    13.00    USD    827      (59,780 ) 

Marathon Oil Corp.

   95    11/17/17    USD    14.00    USD    129      (4,512 ) 

McKesson Corp.

   62    11/17/17    USD    155.00    USD    952      (32,550 ) 

Merck & Co., Inc.

   824    11/17/17    USD    65.51    USD    5,276      (70,721 ) 

MetLife, Inc.

   986    11/17/17    USD    52.50    USD    5,122      (119,799 ) 

Microsoft Corp.

   50    11/17/17    USD    77.50    USD    372      (4,200 ) 

Morgan Stanley

   998    11/17/17    USD    48.00    USD    4,807      (158,682 ) 

Motorola Solutions, Inc.

   429    11/17/17    USD    87.50    USD    3,641      (69,069 ) 

Nielsen Holdings PLC

   357    11/17/17    USD    40.00    USD    1,480      (91,035 ) 

Nielsen Holdings PLC

   288    11/17/17    USD    42.00    USD    1,194      (43,200 ) 

Occidental Petroleum Corp.

   381    11/17/17    USD    62.50    USD    2,446      (113,348 ) 

Oracle Corp.

   532    11/17/17    USD    51.10    USD    2,572      (13,395 ) 

Oracle Corp.

   1,103    11/17/17    USD    50.00    USD    5,333      (52,944 ) 

PG&E Corp.

   385    11/17/17    USD    68.50    USD    2,621      (43,120 ) 

Pfizer, Inc.

   1,468    11/17/17    USD    34.00    USD    5,241      (281,856 ) 

Philip Morris International, Inc.

   175    11/17/17    USD    115.00    USD    1,943      (19,250 ) 

Procter & Gamble Co.

   314    11/17/17    USD    92.50    USD    2,857      (26,062 ) 

QUALCOMM, Inc.

   262    11/17/17    USD    52.50    USD    1,358      (41,003 ) 

Royal Dutch Shell PLC — ADR, Class A

   335    11/17/17    USD    57.80    USD    2,029      (107,947 ) 

Royal Dutch Shell PLC — ADR, Class A

   335    11/17/17    USD    60.00    USD    2,029      (55,275 ) 

SK Telecom Co. Ltd.

   360    11/17/17    USD    25.00    USD    885      (23,400 ) 

 

     
                
8    BLACKROCK ENHANCED EQUITY DIVIDEND TRUST    SEPTEMBER 30, 2017   

Schedule of Investments (continued)

   

BlackRock Enhanced Equity Dividend Trust (BDJ)

 

 

Exchange-Traded Options Written (continued)  
Description   Number of
Contracts		    Expiration
Date		      Exercise
Price		     

Notional

Amount
(000)

      Value  

Suncor Energy, Inc.

   1,324      11/17/17        USD        35.00      USD      4,638      $ (137,696 ) 

TOTAL SA — ADR

   439      11/17/17        USD        55.00      USD      2,350        (24,145 ) 

Taiwan Semiconductor Manufacturing Co. Ltd. — ADR

   268      11/17/17        USD        38.00      USD      1,006        (24,120 ) 

U.S. Bancorp

   641      11/17/17        USD        52.50      USD      3,435        (126,277 ) 

U.S. Bancorp

   345      11/17/17        USD        55.00      USD      1,849        (23,632 ) 

Union Pacific Corp.

   124      11/17/17        USD        115.80      USD      1,438        (43,362 ) 

Union Pacific Corp.

   117      11/17/17        USD        110.00      USD      1,357        (86,873 ) 

United Parcel Service, Inc., Class B

   251      11/17/17        USD        118.92      USD      3,014        (72,725 ) 

Verizon Communications, Inc.

   1,081      11/17/17        USD        47.00      USD      5,350        (280,520 ) 

Wells Fargo & Co.

   1,453      11/17/17        USD        52.50      USD      8,013        (457,695 ) 

Marsh & McLennan Cos., Inc.

   257      12/01/17        USD        81.65      USD      2,154        (78,446 ) 

TOTAL SA — ADR

   879      12/08/17        USD        53.45      USD      4,704        (131,850 ) 

Bank of America Corp.

   335      12/15/17        USD        26.00      USD      849        (25,795 ) 

Bank of America Corp.

   1,041      12/15/17        USD        25.00      USD      2,638        (132,728 ) 

General Electric Co.

   331      12/15/17        USD        25.00      USD      800        (16,384 ) 

Pfizer, Inc.

   1,267      12/15/17        USD        36.00      USD      4,523        (88,690 ) 

Suncor Energy, Inc.

   941      12/15/17        USD        35.00      USD      3,296        (118,096 ) 

Union Pacific Corp.

   124      12/15/17        USD        115.80      USD      1,438        (50,476 ) 

Wells Fargo & Co.

   769      12/15/17        USD        55.00      USD      4,241        (138,421 ) 

Total

 

      $(24,882,488)  
  

 

 

  

 

OTC Options Written  
Description   Counterparty    Number of
Contracts		      Expiration
Date		    Exercise
Price		      Notional
Amount
(000)		     Value  

Call

 

Publicis Groupe SA

   UBS AG      21,900      10/04/17    EUR      62.73      EUR      1,296     $ (1,118 ) 

Samsung Electronics Co. Ltd. — GDR

   Credit Suisse International      3,700      10/10/17    USD      1,086.30      USD      4,197       (193,250 ) 

Royal Dutch Shell PLC

   Deutsche Bank AG      58,700      10/11/17    USD      55.31      USD      3,556       (307,418 ) 

Smith & Nephew PLC

   Credit Suisse International      75,500      10/11/17    GBP      13.78      GBP      1,018       (3,822 ) 

Public Service Enterprise Group, Inc.

   Barclays Bank PLC      50,000      10/16/17    USD      46.20      USD      2,313       (35,522 ) 

Diageo PLC

   Goldman Sachs International      112,700      10/18/17    GBP      25.91      GBP      2,766       (4,113 ) 

Publicis Groupe SA

   Goldman Sachs International      26,600      10/25/17    EUR      56.76      EUR      1,574       (103,166 ) 

SK Telecom Co. Ltd.

   Citibank N.A.      73,100      10/25/17    USD      24.07      USD      1,798       (65,998 ) 

NextEra Energy, Inc.

   Morgan Stanley & Co. International PLC      31,300      10/26/17    USD      150.90      USD      4,587       (16,287 ) 

SK Telecom Co. Ltd.

   Morgan Stanley & Co. International PLC      73,100      10/30/17    USD      25.01      USD      1,798       (36,013 ) 

Experian PLC

   Morgan Stanley & Co. International PLC      108,000      10/31/17    GBP      14.96      GBP      1,619       (53,867 ) 

BCE, Inc.

   Citibank N.A.      36,100      11/01/17    USD      47.31      USD      1,691       (22,009 ) 

Lenovo Group Ltd.

   Citibank N.A.      3,300,000      11/01/17    HKD      4.18      HKD      14,256       (89,832 ) 

Public Service Enterprise Group, Inc.

   Barclays Bank PLC      30,600      11/01/17    USD      46.71      USD      1,415       (24,177 ) 

SunTrust Banks, Inc.

   Credit Suisse International      83,500      11/06/17    USD      54.80      USD      4,991       (453,670 ) 

AstraZeneca PLC

   Goldman Sachs International      161,100      11/07/17    GBP      48.43      GBP      7,995       (441,885 ) 

NextEra Energy, Inc.

   Bank of America N.A.      31,300      11/07/17    USD      149.90      USD      4,587       (50,887 ) 

Constellation Software, Inc.

   Citibank N.A.      6,800      11/08/17    CAD      697.97      CAD      4,629       (56,827 ) 

CRH PLC

   Morgan Stanley & Co. International PLC      36,000      11/09/17    GBP      27.91      GBP      1,020       (55,156 ) 

 

     
                
   BLACKROCK ENHANCED EQUITY DIVIDEND TRUST    SEPTEMBER 30, 2017    9

Schedule of Investments (continued)

   

BlackRock Enhanced Equity Dividend Trust (BDJ)

 

 

OTC Options Written (continued)  
Description   Counterparty    Number of
Contracts		      Expiration
Date		      Exercise
Price		      Notional
Amount
(000)		     Value  

Call

 

Diageo PLC

   Goldman Sachs International      71,000        11/09/17      GBP      26.19      GBP      1,742     $ (7,048 ) 

Experian PLC

   Goldman Sachs International      27,800        11/09/17      GBP      14.82      GBP      417       (18,792 ) 

Koninklijke Philips NV

   UBS AG      129,900        11/09/17      EUR      35.09      EUR      4,535       (128,286 ) 

Lenovo Group Ltd.

   Morgan Stanley & Co. International PLC      3,310,000        11/09/17      HKD      4.29      HKD      14,299       (73,434 ) 

AstraZeneca PLC

   Goldman Sachs International      35,500        11/15/17      GBP      49.78      GBP      1,762       (67,639 ) 

Diageo PLC

   Goldman Sachs International      52,000        11/15/17      GBP      24.87      GBP      1,276       (36,468 ) 

Diageo PLC

   Morgan Stanley & Co. International PLC      71,000        11/15/17      GBP      24.51      GBP      1,742       (57,949 ) 

Koninklijke Philips N.V.

   Morgan Stanley& Co. International PLC      100,000        11/15/17      EUR      35.07      EUR      3,491       (106,682 ) 

CRH PLC

   Morgan Stanley & Co. International PLC      72,500        11/16/17      GBP      28.49      GBP      2,055       (89,653 ) 

Experian PLC

   UBS AG      108,000        11/16/17      GBP      15.22      GBP      1,619       (48,589 ) 

Koninklijke Philips NV

   Morgan Stanley & Co. International PLC      47,600        11/16/17      EUR      35.21      EUR      1,662       (48,111 ) 

Publicis Groupe SA

   UBS AG      19,000        11/16/17      EUR      60.37      EUR      1,125       (31,528 ) 

Samsung Electronics Co. Ltd. — GDR

   Credit Suisse International      4,700        11/16/17      USD      1,138.40      USD      5,331       (208,621 ) 

Smith & Nephew PLC

   Credit Suisse International      76,700        11/16/17      GBP      13.33      GBP      1,035       (40,885 ) 

Smith & Nephew PLC

   Credit Suisse International      51,600        11/16/17      GBP      13.44      GBP      696       (23,841 ) 

Publicis Groupe SA

   UBS AG      33,000        11/20/17      EUR      58.42      EUR      1,953       (111,718 ) 

Samsung Electronics Co. Ltd. — GDR

   Credit Suisse International      4,700        12/05/17      USD      1,138.40      USD      5,331       (249,756 ) 

Total

                       $ (3,364,017 ) 
                     

 

 

  

 

     
                
10    BLACKROCK ENHANCED EQUITY DIVIDEND TRUST    SEPTEMBER 30, 2017   

Schedule of Investments (continued)

   

BlackRock Enhanced Equity Dividend Trust (BDJ)

 

 

Fair Value Hierarchy as of Period End

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

 

  •  

Level 1 — Unadjusted price quotations in active markets/exchanges for identical assets or liabilities that the Trust has the ability to access

 

  •  

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 and derivative financial instruments)

The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the fair value hierarchy classification is determined based on the lowest level input that is significant to the fair value measurement in its entirety. Investments classified within Level 3 have significant unobservable inputs used by the BlackRock Global Valuation Methodologies Committee (the “Global Valuation Committee”) in determining the price for Fair Valued Investments. Level 3 investments include equity or debt issued by privately held companies or funds. There may not be a secondary market, and/or there are a limited number of investors. Level 3 investments may also be adjusted to reflect illiquidity and/or non-transferability, with the amount of such discount estimated by the Global Valuation Committee in the absence of market information.

Changes in valuation techniques may result in transfers into or out of an assigned level within the hierarchy. In accordance with the Trust’s policy, transfers between different levels of the fair value hierarchy are deemed to have occurred as of the beginning of the reporting period. The categorization of a value determined for investments and derivative financial instruments is based on the pricing transparency of the investments and derivative financial instruments and is not necessarily an indication of the risks associated with investing in those securities. For information about the Trust’s policy regarding valuation of investments and derivative financial instruments, refer to the Trust’s most recent financial statements as contained in its semi-annual report.

The following tables summarize the Trust’s investments and derivative financial instruments categorized in the disclosure hierarchy:

 

     Level 1        Level 2        Level 3     Total  

Assets:

 

Investments:

 

Common Stocks:

 

Aerospace & Defense

  $ 56,725,996          —          —     $ 56,725,996  

Air Freight & Logistics

    8,607,451          —          —       8,607,451  

Banks

    330,595,640          —          —       330,595,640  

Beverages

    16,967,486        $ 20,168,678          —       37,136,164  

Capital Markets

    68,851,441          —          —       68,851,441  

Chemicals

    50,224,613          —          —       50,224,613  

Communications Equipment

    14,563,692          —          —       14,563,692  

Construction Materials

    —          8,800,650          —       8,800,650  

Diversified Telecommunication Services

    30,659,839          —          —       30,659,839  

 

     
                
   BLACKROCK ENHANCED EQUITY DIVIDEND TRUST    SEPTEMBER 30, 2017    11

Schedule of Investments (concluded)

   

BlackRock Enhanced Equity Dividend Trust (BDJ)

 

 

     Level 1        Level 2        Level 3     Total  

Assets (continued):

 

Electric Utilities

  $ 58,469,735          —          —     $ 58,469,735  

Electronic Equipment, Instruments & Components

    3,579,510          —          —       3,579,510  

Energy Equipment & Services

    7,562,729          —          —       7,562,729  

Food & Staples Retailing

    11,955,559          —          —       11,955,559  

Food Products

    10,980,151          —          —       10,980,151  

Health Care Equipment & Supplies

    17,339,438        $ 7,369,965          —       24,709,403  

Health Care Providers & Services

    130,631,270          —          —       130,631,270  

Household Products

    19,043,934          —          —       19,043,934  

Industrial Conglomerates

    78,972,664          32,713,371          —       111,686,035  

Insurance

    116,410,968          —          —       116,410,968  

Leisure Products

    7,644,891          —          —       7,644,891  

Machinery

    7,842,584          —          —       7,842,584  

Media

    29,351,390          14,062,072          —       43,413,462  

Multi-Utilities

    41,022,641          —          —       41,022,641  

Multiline Retail

    9,005,222          —          —       9,005,222  

Oil, Gas & Consumable Fuels

    210,011,672          —          —       210,011,672  

Paper & Forest Products

    9,221,886          —          —       9,221,886  

Personal Products

    20,558,318          —          —       20,558,318  

Pharmaceuticals

    115,926,025          37,369,537          —       153,295,562  

Professional Services

    15,569,522          9,792,242          —       25,361,764  

Road & Rail

    11,133,120          —          —       11,133,120  

Semiconductors & Semiconductor Equipment

    38,981,044          23,160,238          —       62,141,282  

Software

    96,715,615          —          —       96,715,615  

Specialty Retail

    9,233,070          —          —       9,233,070  

Technology Hardware, Storage & Peripherals

    —          7,316,792          —       7,316,792  

Tobacco

    15,308,162          —          —       15,308,162  

Wireless Telecommunication Services

    9,853,213          —          —       9,853,213  

Short-Term Investment Fund

    9,359,054          —          —       9,359,054  
 

 

 

  

Total

   $ 1,688,879,545        $ 160,753,545          —     $ 1,849,633,090  
 

 

 

  

Derivative Financial Instruments1

 

Liabilities:

 

Equity contracts

  $ (20,088,264 )       $ (8,158,241 )         —     $ (28,246,505 ) 

1    Derivative financial instruments are options written, which are shown at value.

     

During the period ended September 30, 2017, there were no transfers between levels.

 

     
                
12    BLACKROCK ENHANCED EQUITY DIVIDEND TRUST    SEPTEMBER 30, 2017   

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 13a-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 Equity Dividend Trust

 

By:   /s/ John M. Perlowski                    
  John M. Perlowski
  Chief Executive Officer (principal executive officer) of
  BlackRock Enhanced Equity Dividend Trust
Date: November 20, 2017

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/ John M. Perlowski                    
  John M. Perlowski
  Chief Executive Officer (principal executive officer) of
  BlackRock Enhanced Equity Dividend Trust
Date: November 20, 2017
By:   /s/ Neal J. Andrews                       
  Neal J. Andrews
  Chief Financial Officer (principal financial officer) of
  BlackRock Enhanced Equity Dividend Trust
Date: November 20, 2017