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: 12/31/2018

Date of reporting period: 03/31/2018

Item 1 – Schedule of Investments

Schedule of Investments  (unaudited)

March 31, 2018

   

BlackRock Enhanced Equity Dividend Trust (BDJ)

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  

Common Stocks — 100.3%

 

Aerospace & Defense — 1.4%  

Lockheed Martin Corp.(a)

     26,610     $ 8,992,317  

Northrop Grumman Corp.(a)

     46,090       16,090,941  
   

 

 

  
    25,083,258  
Banks — 18.9%  

Bank of America Corp.(a)

     2,629,580       78,861,104  

Citigroup, Inc.(a)(b)

     983,479       66,384,833  

JPMorgan Chase & Co.(a)(b)

     762,328       83,833,210  

KeyCorp(a)

     501,280       9,800,024  

SunTrust Banks, Inc.(a)

     293,049       19,939,054  

U.S. Bancorp(a)

     479,743       24,227,022  

Wells Fargo & Co.(a)

     1,050,491       55,056,233  
   

 

 

  
    338,101,480  
Beverages — 2.4%  

Diageo PLC

     697,579       23,591,913  

Dr. Pepper Snapple Group, Inc.(a)

     84,850       10,044,543  

PepsiCo, Inc.(a)

     83,240       9,085,646  
   

 

 

  
    42,722,102  
Capital Markets — 3.9%  

Charles Schwab Corp.(a)

     170,420       8,899,333  

Goldman Sachs Group, Inc.(a)

     106,920       26,928,871  

Morgan Stanley(a)

     621,970       33,561,501  
   

 

 

  
    69,389,705  
Chemicals — 1.1%  

DowDuPont, Inc.(a)

     315,265       20,085,533  
   

 

 

  
Communications Equipment — 1.5%  

Cisco Systems, Inc.(a)

     215,440       9,240,222  

Motorola Solutions, Inc.(a)

     171,600       18,069,480  
   

 

 

  
    27,309,702  
Construction Materials — 0.7%  

CRH PLC

     387,800       13,109,086  
   

 

 

  
Diversified Telecommunication Services — 2.7%  

BCE, Inc.(a)

     122,500       5,272,400  

Verizon Communications, Inc.(a)

     911,410       43,583,626  
   

 

 

  
    48,856,026  
Electric Utilities — 3.9%  

Edison International(a)

     80,393       5,117,818  

FirstEnergy Corp.(a)

     673,530       22,906,755  

NextEra Energy, Inc.(a)

     130,582       21,327,958  
Security   Shares     Value  
Electric Utilities (continued)  

PG&E Corp.(a)

     481,290     $ 21,143,070  
   

 

 

  
    70,495,601  
Electronic Equipment, Instruments & Components — 0.6%  

CDW Corp.(a)

     161,890       11,382,486  
   

 

 

  
Energy Equipment & Services — 0.3%  

Halliburton Co.(a)

     124,890       5,862,337  
   

 

 

  
Food & Staples Retailing — 1.2%  

CVS Health Corp.(a)

     162,990       10,139,608  

Kroger Co.(a)

     479,090       11,469,415  
   

 

 

  
    21,609,023  
Food Products — 1.4%  

Danone SA

     58,500       4,743,311  

General Mills, Inc.(a)

     193,760       8,730,826  

Kellogg Co.(a)

     165,540       10,761,755  
   

 

 

  
    24,235,892  
Health Care Equipment & Supplies — 2.9%  

Koninklijke Philips NV

     716,440       27,433,902  

Medtronic PLC(a)

     301,650       24,198,363  
   

 

 

  
    51,632,265  
Health Care Providers & Services — 7.5%  

Aetna, Inc.(a)

     167,946       28,382,874  

Anthem, Inc.(a)

     205,890       45,234,033  

Cardinal Health, Inc.(a)

     169,200       10,605,456  

Humana, Inc.(a)

     27,590       7,417,020  

McKesson Corp.(a)

     101,600       14,312,392  

Quest Diagnostics, Inc.(a)

     84,230       8,448,269  

UnitedHealth Group, Inc.(a)

     90,460       19,358,440  
   

 

 

  
    133,758,484  
Household Products — 0.9%  

Procter & Gamble Co.(a)

     209,320       16,594,890  
   

 

 

  
Industrial Conglomerates — 2.8%  

3M Co.(a)

     31,450       6,903,904  

General Electric Co.(a)

     1,570,510       21,170,475  

Honeywell International, Inc.(a)

     152,390       22,021,879  
   

 

 

  
    50,096,258  
Insurance — 6.9%  

American International Group, Inc.(a)

     681,330       37,077,979  

Brighthouse Financial, Inc.(a)(c)

     44,511       2,287,865  

Lincoln National Corp.(a)

     46,320       3,384,139  

Marsh & McLennan Cos., Inc.(a)

     183,800       15,180,042  

MetLife, Inc.(a)

     642,273       29,473,908  

Prudential Financial, Inc.(a)

     126,220       13,070,081  
 

 

 

     1  

Schedule of Investments  (unaudited) (continued)

March 31, 2018

   

BlackRock Enhanced Equity Dividend Trust (BDJ)

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  
Insurance (continued)  

Travelers Cos., Inc.(a)

     165,150     $ 22,932,729  
   

 

 

  
    123,406,743  
IT Services — 0.4%  

Cognizant Technology Solutions Corp., Class A(a)

     82,580       6,647,690  
   

 

 

  
Leisure Products — 0.4%  

Mattel, Inc.(a)

     586,956       7,718,471  
   

 

 

  
Machinery — 0.5%  

Pentair PLC(a)

     115,400       7,862,202  
   

 

 

  
Media — 2.4%  

Comcast Corp.,, Class A(a)

     768,660       26,265,112  

Interpublic Group of Cos., Inc.(a)

     590,710       13,604,051  

Publicis Groupe SA

     41,670       2,901,557  
   

 

 

  
    42,770,720  
Multi-Utilities — 1.2%  

Public Service Enterprise Group, Inc.(a)

     437,430       21,976,483  
   

 

 

  
Multiline Retail — 0.6%  

Dollar General Corp.(a)

     111,107       10,394,060  
   

 

 

  
Oil, Gas & Consumable Fuels — 10.9%  

BP PLC

     2,705,160       18,246,579  

Chevron Corp.(a)

     118,260       13,486,370  

Devon Energy Corp.(a)

     377,810       12,010,580  

Hess Corp.(a)

     411,110       20,810,388  

Marathon Petroleum Corp.(a)

     201,459       14,728,668  

Plains All American Pipeline LP(a)

     128,480       2,830,414  

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

     668,620       42,664,642  

Suncor Energy, Inc.(a)

     1,141,580       39,430,173  

TOTAL SA — ADR(a)

     499,177       28,797,521  

Williams Cos., Inc.(a)

     89,460       2,223,976  
   

 

 

  
    195,229,311  
Paper & Forest Products — 0.4%  

International Paper Co.(a)

     135,700       7,250,451  
   

 

 

  
Personal Products — 0.8%  

Unilever NV — NY Shares(a)

     255,590       14,412,720  
   

 

 

  
Pharmaceuticals — 8.7%  

AstraZeneca PLC

     506,356       34,807,545  

Bayer AG, Registered Shares

     78,490       8,848,468  

Merck & Co., Inc.(a)

     508,510       27,698,540  

Novo Nordisk A/S — ADR(a)

     298,910       14,721,317  

Pfizer, Inc.(a)(b)

     1,961,680       69,620,023  
   

 

 

  
    155,695,893  
Professional Services — 1.4%  

Experian PLC

     603,950       13,061,434  
Security   Shares     Value  
Professional Services (continued)  

Nielsen Holdings PLC(a)

     343,020     $ 10,904,606  
   

 

 

  
    23,966,040  
Road & Rail — 0.6%  

Union Pacific Corp.(a)

     83,780       11,262,545  
   

 

 

  
Semiconductors & Semiconductor Equipment — 1.9%  

QUALCOMM, Inc.(a)

     418,240       23,174,678  

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

     237,560       10,395,626  
   

 

 

  
    33,570,304  
Software — 6.0%  

Constellation Software, Inc.

     15,400       10,448,954  

Microsoft Corp.(a)

     476,210       43,463,687  

Oracle Corp.(a)

     1,176,550       53,827,162  
   

 

 

  
    107,739,803  
Specialty Retail — 0.6%  

Lowe’s Cos., Inc.(a)

     115,500       10,135,125  
   

 

 

  
Technology Hardware, Storage & Peripherals — 0.9%  

Lenovo Group Ltd.

     13,220,000       6,799,455  

Samsung Electronics Co. Ltd. — GDR

     7,819       9,044,579  
   

 

 

  
    15,844,034  
Tobacco — 1.4%  

Altria Group, Inc.(a)

     291,970       18,195,570  

British American Tobacco PLC

     106,300       6,144,870  
   

 

 

  
    24,340,440  
Wireless Telecommunication Services — 0.2%  

SK Telecom Co. Ltd. — ADR(a)

     151,640       3,665,139  
   

 

 

  

Total Long-Term Investments — 100.3%
(Cost — $1,399,002,746)

 

     1,794,212,302  
   

 

 

  
 

 

 

2   

Schedule of Investments  (unaudited) (continued)

March 31, 2018

   

BlackRock Enhanced Equity Dividend Trust (BDJ)

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  

Short-Term Securities — 0.4%

 

BlackRock Liquidity Funds, T-Fund, Institutional Class, 1.58%(d)(e)

     7,476,666     $ 7,476,666  
   

 

 

  

Total Short-Term Securities — 0.4%
(Cost — $7,476,666)

 

     7,476,666  
   

 

 

  

Options Purchased — 0.0%
(Cost — $3,378)

 

     2,665  
   

 

 

  
     Value  

Total Investments Before Options Written — 100.7%
(Cost — $1,406,482,790)

   $ 1,801,691,633  
   

 

 

  

Options Written — (0.7)%
(Premiums Received — $17,748,155)

     (11,646,383 ) 
   

 

 

  

Total Investments, Net of Options Written — 100.0%
(Cost — $1,388,734,635)

     1,790,045,250  

Liabilities in Excess of Other Assets — (0.0)%

     (303,721 ) 
   

 

 

  

Net Assets — 100.0%

   $ 1,789,741,529  
   

 

 

  
 
(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 March 31, 2018, investments in issuers considered to be an affiliate 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
12/31/17		      Net
Activity		      Shares
Held at
03/31/18		      Value at
03/31/18		      Income     

Net

Realized
Gain (a)

      Change in
Unrealized
Appreciation
(Depreciation)		  

BlackRock Liquidity Funds, T-Fund, Institutional Class

      4,967,189        2,509,477        7,476,666      $ 7,476,666      $ 23,882      $ —      $ —  
           

 

 

     

 

 

     

 

 

     

 

 

  

 

  (a)  Includes net capital gain distributions, if applicable.  

For Trust compliance purposes, the Trust’s sector classifications refer to one or more of the sector 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 sector sub-classifications for reporting ease.

Portfolio Abbreviations

ADR — American Depositary Receipts

CAD — Canadian Dollar

EUR — Euro

GBP — British Pound

HKD — Hong Kong Dollar

USD — U.S. Dollar

Derivative Financial Instruments Outstanding as of Period End

Exchange-Traded Options Purchased

 

Description   

Number of

Contracts

        Expiration
Date		        Exercise
Price		        Notional
Amount (000)		        Value  

Call

                                 

Kroger Co.

      410          04/20/18          USD          27.00          USD          982        $ 2,665  
                                

 

 

  

 

 

     3  

Schedule of Investments  (unaudited) (continued)

March 31, 2018

   

BlackRock Enhanced Equity Dividend Trust (BDJ)

 

Exchange-Traded Options Written

 

Description   

Number of

Contracts

        Expiration
Date		        Exercise
Price		       

Notional

Amount (000)

        Value  

Call

                           

Novo Nordisk A/S — ADR

      451          04/03/18        USD     51.85        USD     2,221        $ (257 ) 

Royal Dutch Shell PLC — ADR, Class A

      335          04/03/18        USD     71.50        USD     2,138          —  

Bank of America Corp.

      1,283          04/05/18        USD     32.30        USD     3,848          (1,454 ) 

Oracle Corp.

      883          04/05/18        USD     52.75        USD     4,040          (2 ) 

American International Group, Inc.

      292          04/06/18        USD     61.00        USD     1,589          (2,044 ) 

Bank of America Corp.

      1,219          04/06/18        USD     33.50        USD     3,656          (1,219 ) 

CVS Health Corp.

      279          04/06/18        USD     70.00        USD     1,736          (3,069 ) 

Charles Schwab Corp.

      214          04/06/18        USD     54.00        USD     1,118          (4,815 ) 

Chevron Corp.

      425          04/06/18        USD     114.00        USD     4,847          (59,288 ) 

Cisco Systems, Inc.

      317          04/06/18        USD     44.50        USD     1,360          (3,011 ) 

Citigroup, Inc.

      653          04/06/18        USD     79.40        USD     4,408          (16 ) 

Citigroup, Inc.

      211          04/06/18        USD     75.50        USD     1,424          (2,321 ) 

Comcast Corp., Class A

      186          04/06/18        USD     41.00        USD     636          (9,672 ) 

Comcast Corp., Class A

      232          04/06/18        USD     38.50        USD     793          (2,320 ) 

Devon Energy Corp.

      730          04/06/18        USD     33.00        USD     2,321          (16,060 ) 

DowDuPont, Inc.

      197          04/06/18        USD     74.50        USD     1,255          (1,773 ) 

Goldman Sachs Group, Inc.

      46          04/06/18        USD     265.00        USD     1,159          (851 ) 

Goldman Sachs Group, Inc.

      47          04/06/18        USD     275.00        USD     1,184          (282 ) 

Halliburton Co.

      212          04/06/18        USD     49.00        USD     995          (2,862 ) 

Hess Corp.

      914          04/06/18        USD     48.50        USD     4,627          (239,011 ) 

JPMorgan Chase & Co.

      294          04/06/18        USD     115.00        USD     3,233          (4,410 ) 

JPMorgan Chase & Co.

      419          04/06/18        USD     116.00        USD     4,608          (4,609 ) 

JPMorgan Chase & Co.

      627          04/06/18        USD     117.00        USD     6,895          (5,643 ) 

KeyCorp

      855          04/06/18        USD     21.50        USD     1,672          (5,130 ) 

Kroger Co.

      728          04/06/18        USD     28.50        USD     1,743          (3,640 ) 

Lockheed Martin Corp.

      61          04/06/18        USD     365.00        USD     2,061          (457 ) 

Lowe’s Cos., Inc.

      144          04/06/18        USD     91.00        USD     1,264          (2,736 ) 

Marathon Petroleum Corp.

      182          04/06/18        USD     68.00        USD     1,331          (98,280 ) 

Marathon Petroleum Corp.

      90          04/06/18        USD     68.50        USD     658          (44,100 ) 

Medtronic PLC

      496          04/06/18        USD     81.50        USD     3,979          (19,344 ) 

Merck & Co., Inc.

      682          04/06/18        USD     55.50        USD     3,715          (12,617 ) 

MetLife, Inc.

      202          04/06/18        USD     47.50        USD     927          (2,626 ) 

Microsoft Corp.

      232          04/06/18        USD     95.00        USD     2,117          (6,728 ) 

Morgan Stanley

      607          04/06/18        USD     57.00        USD     3,275          (3,945 ) 

Pfizer, Inc.

      275          04/06/18        USD     36.50        USD     976          (2,200 ) 

Pfizer, Inc.

      276          04/06/18        USD     37.00        USD     980          (1,104 ) 

Pfizer, Inc.

      500          04/06/18        USD     37.50        USD     1,775          (4,000 ) 

Procter & Gamble Co.

      221          04/06/18        USD     83.00        USD     1,752          (1,105 ) 

Suncor Energy, Inc.

      215          04/06/18        USD     35.50        USD     743          (2,042 ) 

U.S. Bancorp

      165          04/06/18        USD     54.50        USD     833          (1,320 ) 

Union Pacific Corp.

      120          04/06/18        USD     133.00        USD     1,613          (32,880 ) 

Verizon Communications, Inc.

      444          04/06/18        USD     50.00        USD     2,123          (1,998 ) 

Wells Fargo & Co.

      499          04/06/18        USD     62.00        USD     2,615          (998 ) 

FirstEnergy Corp.

      477          04/09/18        USD     32.15        USD     1,622          (93,531 ) 

SK Telecom Co. Ltd. — ADR

      10          04/09/18        USD     26.01        USD     24          (50 ) 

Dr. Pepper Snapple Group, Inc.

      187          04/12/18        USD     117.01        USD     2,214          (80,954 ) 

SunTrust Banks, Inc.

      466          04/12/18        USD     72.51        USD     3,171          (8,123 ) 

Bank of America Corp.

      1,882          04/13/18        USD     31.90        USD     5,644          (21,699 ) 

Bank of America Corp.

      2,435          04/13/18        USD     32.50        USD     7,303          (10,957 ) 

Cardinal Health, Inc.

      289          04/13/18        USD     71.00        USD     1,811          (2,890 ) 

 

 

4   

Schedule of Investments  (unaudited) (continued)

March 31, 2018

   

BlackRock Enhanced Equity Dividend Trust (BDJ)

 

Exchange-Traded Options Written (continued)

 

Description   

Number of

Contracts

       

Expiration

Date

       

Exercise

Price

       

Notional

Amount (000)

        Value  

Call

                           

Charles Schwab Corp.

      215          04/13/18        USD     54.00        USD     1,123        $ (12,900 ) 

Charles Schwab Corp.

      195          04/13/18        USD     56.00        USD     1,018          (3,412 ) 

Citigroup, Inc.

      351          04/13/18        USD     76.50        USD     2,369          (1,930 ) 

Comcast Corp., Class A

      841          04/13/18        USD     40.20        USD     2,874          (506 ) 

Humana, Inc.

      68          04/13/18        USD     275.00        USD     1,828          (15,810 ) 

JPMorgan Chase & Co.

      652          04/13/18        USD     115.00        USD     7,170          (46,618 ) 

JPMorgan Chase & Co.

      629          04/13/18        USD     117.00        USD     6,917          (28,934 ) 

KeyCorp

      994          04/13/18        USD     22.00        USD     1,943          (26,838 ) 

Marathon Petroleum Corp.

      283          04/13/18        USD     68.50        USD     2,069          (146,453 ) 

Medtronic PLC

      137          04/13/18        USD     84.50        USD     1,099          (1,438 ) 

Microsoft Corp.

      639          04/13/18        USD     93.50        USD     5,832          (71,888 ) 

Microsoft Corp.

      96          04/13/18        USD     96.50        USD     876          (4,032 ) 

Morgan Stanley

      202          04/13/18        USD     56.50        USD     1,090          (7,575 ) 

Morgan Stanley

      202          04/13/18        USD     57.50        USD     1,090          (4,141 ) 

Oracle Corp.

      1,240          04/13/18        USD     50.00        USD     5,673          (4,960 ) 

Pepsico, Inc.

      226          04/13/18        USD     114.00        USD     2,467          (4,407 ) 

Pfizer, Inc.

      433          04/13/18        USD     36.50        USD     1,537          (7,577 ) 

Pfizer, Inc.

      863          04/13/18        USD     37.00        USD     3,063          (6,904 ) 

Pfizer, Inc.

      267          04/13/18        USD     37.50        USD     948          (1,335 ) 

QUALCOMM, Inc.

      881          04/13/18        USD     65.00        USD     4,882          (51,979 ) 

Royal Dutch Shell PLC — ADR, Class A

      1,122          04/13/18        USD     64.00        USD     7,159          (100,980 ) 

Suncor Energy, Inc.

      410          04/13/18        USD     32.50        USD     1,416          (90,610 ) 

U.S. Bancorp

      790          04/13/18        USD     53.00        USD     3,990          (12,640 ) 

Union Pacific Corp.

      123          04/13/18        USD     138.00        USD     1,653          (14,637 ) 

Verizon Communications, Inc.

      466          04/13/18        USD     50.00        USD     2,228          (3,495 ) 

Interpublic Group of Cos., Inc.

      1,030          04/16/18        USD     23.75        USD     2,372          (49,103 ) 

SunTrust Banks, Inc.

      471          04/19/18        USD     73.00        USD     3,205          (13,276 ) 

3M Co.

      105          04/20/18        USD     240.00        USD     2,305          (3,307 ) 

Altria Group, Inc.

      455          04/20/18        USD     67.50        USD     2,836          (3,867 ) 

American International Group, Inc.

      719          04/20/18        USD     60.00        USD     3,913          (3,235 ) 

Anthem, Inc.

      150          04/20/18        USD     240.00        USD     3,296          (5,325 ) 

Bank of America Corp.

      1,343          04/20/18        USD     32.00        USD     4,028          (26,189 ) 

Bank of America Corp.

      1,219          04/20/18        USD     34.00        USD     3,656          (3,047 ) 

Brighthouse Financials, Inc.

      155          04/20/18        USD     55.00        USD     797          (6,200 ) 

CDW Corp.

      366          04/20/18        USD     75.75        USD     2,573          (13,476 ) 

CVS Health Corp.

      279          04/20/18        USD     70.00        USD     1,736          (2,371 ) 

Charles Schwab Corp.

      196          04/20/18        USD     60.00        USD     1,024          (1,960 ) 

Citigroup, Inc.

      562          04/20/18        USD     80.00        USD     3,794          (2,248 ) 

Comcast Corp., Class A

      513          04/20/18        USD     40.00        USD     1,753          (1,539 ) 

Comcast Corp., Class A

      128          04/20/18        USD     37.50        USD     437          (1,088 ) 

Devon Energy Corp.

      730          04/20/18        USD     34.00        USD     2,321          (27,740 ) 

DowDuPont, Inc.

      517          04/20/18        USD     70.00        USD     3,294          (6,204 ) 

Edison International

      281          04/20/18        USD     67.50        USD     1,789          (7,727 ) 

FirstEnergy Corp.

      367          04/20/18        USD     34.00        USD     1,248          (28,443 ) 

General Electric Co.

      405          04/20/18        USD     15.00        USD     546          (5,670 ) 

General Mills, Inc.

      162          04/20/18        USD     57.50        USD     730          (810 ) 

General Mills, Inc.

      334          04/20/18        USD     52.50        USD     1,505          (1,169 ) 

Goldman Sachs Group, Inc.

      162          04/20/18        USD     270.00        USD     4,080          (21,465 ) 

Halliburton Co.

      206          04/20/18        USD     47.50        USD     967          (21,836 ) 

Hess Corp.

      656          04/20/18        USD     50.00        USD     3,321          (143,008 ) 

 

 

     5  

Schedule of Investments  (unaudited) (continued)

March 31, 2018

   

BlackRock Enhanced Equity Dividend Trust (BDJ)

 

Exchange-Traded Options Written (continued)

 

Description   

Number of

Contracts

       

Expiration

Date

       

Exercise

Price

       

Notional

Amount (000)

        Value  

Call

                           

Honeywell International, Inc.

      226          04/20/18        USD     155.00        USD     3,266        $ (8,136 ) 

Interpublic Group of Cos., Inc.

      893          04/20/18        USD     25.00        USD     2,057          (20,093 ) 

JPMorgan Chase & Co.

      946          04/20/18        USD     115.00        USD     10,403          (88,451 ) 

Kellogg Co.

      362          04/20/18        USD     70.00        USD     2,353          (5,430 ) 

Kroger Co.

      364          04/20/18        USD     31.00        USD     871          (1,274 ) 

Kroger Co.

      459          04/20/18        USD     29.00        USD     1,099          (2,295 ) 

Lincoln National Corp.

      231          04/20/18        USD     80.00        USD     1,688          (3,349 ) 

Lowe’s Cos., Inc.

      144          04/20/18        USD     92.50        USD     1,264          (7,848 ) 

Marathon Petroleum Corp.

      181          04/20/18        USD     70.00        USD     1,323          (73,758 ) 

Marsh & McLennan Cos., Inc.

      597          04/20/18        USD     85.00        USD     4,931          (22,388 ) 

Mattel, Inc.

      1,455          04/20/18        USD     16.25        USD     1,913          (11,323 ) 

McKesson Corp.

      248          04/20/18        USD     150.00        USD     3,494          (16,740 ) 

McKesson Corp.

      42          04/20/18        USD     160.00        USD     592          (630 ) 

Medtronic PLC

      186          04/20/18        USD     82.50        USD     1,492          (12,276 ) 

Merck & Co., Inc.

      532          04/20/18        USD     57.50        USD     2,898          (24,206 ) 

MetLife, Inc.

      1,067          04/20/18        USD     47.50        USD     4,896          (50,683 ) 

Microsoft Corp.

      563          04/20/18        USD     92.50        USD     5,139          (108,659 ) 

Microsoft Corp.

      95          04/20/18        USD     95.00        USD     867          (9,642 ) 

Morgan Stanley

      645          04/20/18        USD     56.90        USD     3,480          (37,700 ) 

Morgan Stanley

      405          04/20/18        USD     60.00        USD     2,185          (4,455 ) 

Motorola Solutions, Inc.

      858          04/20/18        USD     110.00        USD     9,035          (46,332 ) 

NextEra Energy, Inc.

      494          04/20/18        USD     160.00        USD     8,069          (264,290 ) 

Nielsen Holdings PLC

      1,715          04/20/18        USD     35.00        USD     5,452          (17,150 ) 

Northrop Grumman Corp.

      215          04/20/18        USD     355.00        USD     7,506          (112,875 ) 

Novo Nordisk A/S — ADR

      339          04/20/18        USD     54.00        USD     1,670          (2,814 ) 

Oracle Corp.

      925          04/20/18        USD     50.00        USD     4,232          (5,550 ) 

Pentair PLC

      577          04/20/18        USD     70.00        USD     3,931          (50,488 ) 

Pepsico, Inc.

      227          04/20/18        USD     114.00        USD     2,478          (7,718 ) 

Pfizer, Inc.

      1,108          04/20/18        USD     37.00        USD     3,932          (16,066 ) 

Pfizer, Inc.

      268          04/20/18        USD     38.00        USD     951          (1,340 ) 

Procter & Gamble Co.

      226          04/20/18        USD     80.00        USD     1,792          (27,685 ) 

Prudential Financial, Inc.

      126          04/20/18        USD     115.00        USD     1,305          (1,701 ) 

Public Service Enterprise Group, Inc.

      685          04/20/18        USD     50.00        USD     3,441          (77,063 ) 

QUALCOMM, Inc.

      177          04/20/18        USD     62.50        USD     981          (6,814 ) 

Quest Diagnostics, Inc.

      516          04/20/18        USD     104.25        USD     5,175          (39,149 ) 

Royal Dutch Shell PLC — ADR, Class A

      209          04/20/18        USD     65.00        USD     1,334          (14,108 ) 

SK Telecom Co. Ltd. — ADR

      188          04/20/18        USD     25.00        USD     454          (7,520 ) 

Suncor Energy, Inc.

      1,419          04/20/18        USD     36.00        USD     4,901          (31,218 ) 

TOTAL SA — ADR

      550          04/20/18        USD     58.70        USD     3,173          (29,058 ) 

Taiwan Semiconductor Manufacturing Co. Ltd. — ADR

      514          04/20/18        USD     47.00        USD     2,249          (12,850 ) 

Taiwan Semiconductor Manufacturing Co. Ltd. — ADR

      515          04/20/18        USD     46.00        USD     2,254          (23,175 ) 

Travelers Cos., Inc.

      891          04/20/18        USD     141.25        USD     12,372          (157,424 ) 

Travelers Cos., Inc.

      182          04/20/18        USD     145.00        USD     2,527          (10,465 ) 

U.S. Bancorp

      677          04/20/18        USD     55.00        USD     3,419          (5,416 ) 

Unilever NV — NY Shares

      639          04/20/18        USD     55.60        USD     3,603          (106,512 ) 

Union Pacific Corp.

      120          04/20/18        USD     135.00        USD     1,613          (36,240 ) 

UnitedHealth Group, Inc.

      106          04/20/18        USD     230.00        USD     2,268          (19,663 ) 

Verizon Communications, Inc.

      260          04/20/18        USD     52.50        USD     1,243          (780 ) 

Verizon Communications, Inc.

      712          04/20/18        USD     50.00        USD     3,405          (8,900 ) 

Wells Fargo & Co.

      979          04/20/18        USD     59.00        USD     5,131          (8,357 ) 

 

 

6   

Schedule of Investments  (unaudited) (continued)

March 31, 2018

   

BlackRock Enhanced Equity Dividend Trust (BDJ)

 

Exchange-Traded Options Written (continued)

 

Description   

Number of

Contracts

       

Expiration

Date

       

Exercise

Price

       

Notional

Amount (000)

        Value  

Call

                           

Wells Fargo & Co.

      161          04/20/18        USD     60.00        USD     844        $ (724 ) 

Williams Cos., Inc.

      224          04/20/18        USD     28.00        USD     557          (1,120 ) 

FirstEnergy Corp.

      366          04/25/18        USD     34.01        USD     1,245          (31,288 ) 

Kellogg Co.

      116          04/25/18        USD     69.00        USD     754          (4,125 ) 

Marsh & McLennan Cos., Inc.

      597          04/25/18        USD     85.01        USD     4,931          (28,075 ) 

Altria Group, Inc.

      298          04/27/18        USD     65.50        USD     1,857          (14,304 ) 

American International Group, Inc.

      291          04/27/18        USD     57.00        USD     1,584          (12,949 ) 

Anthem, Inc.

      376          04/27/18        USD     237.50        USD     8,261          (42,676 ) 

Bank of America Corp.

      1,198          04/27/18        USD     32.00        USD     3,593          (29,950 ) 

Cardinal Health, Inc.

      212          04/27/18        USD     73.50        USD     1,329          (2,120 ) 

Cardinal Health, Inc.

      91          04/27/18        USD     62.50        USD     570          (19,793 ) 

Charles Schwab Corp.

      32          04/27/18        USD     55.00        USD     167          (2,400 ) 

Citigroup, Inc.

      278          04/27/18        USD     75.50        USD     1,877          (12,232 ) 

Citigroup, Inc.

      111          04/27/18        USD     75.00        USD     749          (4,939 ) 

Cognizant Technology Solutions Corp.

      206          04/27/18        USD     85.00        USD     1,658          (11,330 ) 

Comcast Corp., Class A

      173          04/27/18        USD     36.50        USD     591          (5,709 ) 

Devon Energy Corp.

      429          04/27/18        USD     34.00        USD     1,364          (22,523 ) 

Dollar General Corp.

      722          04/27/18        USD     96.00        USD     6,754          (108,300 ) 

DowDuPont, Inc.

      150          04/27/18        USD     66.50        USD     956          (11,850 ) 

General Electric Co.

      1,000          04/27/18        USD     15.50        USD     1,348          (12,000 ) 

International Paper Co.

      174          04/27/18        USD     55.50        USD     930          (15,834 ) 

Lowe’s Cos., Inc.

      150          04/27/18        USD     89.00        USD     1,316          (27,750 ) 

Medtronic PLC

      293          04/27/18        USD     82.00        USD     2,350          (29,447 ) 

Merck & Co., Inc.

      87          04/27/18        USD     55.50        USD     474          (9,961 ) 

Microsoft Corp.

      159          04/27/18        USD     94.00        USD     1,451          (28,108 ) 

Microsoft Corp.

      81          04/27/18        USD     95.00        USD     739          (15,783 ) 

Morgan Stanley

      321          04/27/18        USD     56.00        USD     1,732          (31,779 ) 

PG&E Corp.

      794          04/27/18        USD     46.50        USD     3,488          (45,655 ) 

PG&E Corp.

      185          04/27/18        USD     44.00        USD     813          (26,825 ) 

Pfizer, Inc.

      802          04/27/18        USD     37.00        USD     2,846          (17,644 ) 

Pfizer, Inc.

      266          04/27/18        USD     38.00        USD     944          (2,261 ) 

Plains All American Pipeline LP

      321          04/27/18        USD     22.00        USD     707          (28,088 ) 

Procter & Gamble Co.

      190          04/27/18        USD     81.50        USD     1,506          (13,775 ) 

Royal Dutch Shell PLC — ADR, Class A

      973          04/27/18        USD     64.00        USD     6,209          (109,463 ) 

Suncor Energy, Inc.

      269          04/27/18        USD     35.00        USD     929          (17,485 ) 

U.S. Bancorp

      85          04/27/18        USD     54.50        USD     429          (1,487 ) 

UnitedHealth Group, Inc.

      173          04/27/18        USD     232.50        USD     3,702          (30,448 ) 

Verizon Communications, Inc.

      241          04/27/18        USD     50.00        USD     1,152          (7,230 ) 

Wells Fargo & Co.

      979          04/27/18        USD     59.00        USD     5,131          (8,811 ) 

Williams Cos., Inc.

      224          04/27/18        USD     28.00        USD     557          (2,688 ) 

Bank of America Corp.

      273          04/30/18        USD     31.50        USD     819          (11,104 ) 

Kellogg Co.

      116          04/30/18        USD     69.50        USD     754          (4,243 ) 

Pfizer, Inc.

      1,643          04/30/18        USD     35.75        USD     5,831          (95,294 ) 

Prudential Financial, Inc.

      253          04/30/18        USD     114.00        USD     2,620          (10,409 ) 

Verizon Communications, Inc.

      157          04/30/18        USD     48.50        USD     751          (9,073 ) 

Novo Nordisk A/S — ADR

      352          05/01/18        USD     51.51        USD     1,734          (29,429 ) 

BCE, Inc.

      251          05/02/18        USD     43.90        USD     1,080          (8,122 ) 

Altria Group, Inc.

      283          05/04/18        USD     64.00        USD     1,764          (30,140 ) 

American International Group, Inc.

      289          05/04/18        USD     57.00        USD     1,573          (20,808 ) 

 

 

     7  

Schedule of Investments  (unaudited) (continued)

March 31, 2018

   

BlackRock Enhanced Equity Dividend Trust (BDJ)

 

Exchange-Traded Options Written (continued)

 

Description   

Number of

Contracts

       

Expiration

Date

       

Exercise

Price

       

Notional

Amount (000)

        Value  

Call

                           

Anthem, Inc.

      215          05/04/18        USD     227.50        USD     4,724        $ (82,775 ) 

Bank of America Corp.

      498          05/04/18        USD     31.50        USD     1,494          (22,410 ) 

Bank of America Corp.

      250          05/04/18        USD     32.00        USD     750          (7,875 ) 

CVS Health Corp.

      120          05/04/18        USD     64.00        USD     747          (17,100 ) 

Chevron Corp.

      166          05/04/18        USD     119.00        USD     1,893          (21,165 ) 

Cisco Systems, Inc.

      380          05/04/18        USD     44.00        USD     1,630          (23,180 ) 

Citigroup, Inc.

      443          05/04/18        USD     74.00        USD     2,990          (28,131 ) 

Comcast Corp., Class A

      149          05/04/18        USD     35.50        USD     509          (9,908 ) 

DowDuPont, Inc.

      113          05/04/18        USD     67.00        USD     720          (10,339 ) 

General Electric Co.

      195          05/04/18        USD     14.50        USD     263          (5,460 ) 

Halliburton Co.

      206          05/04/18        USD     49.50        USD     967          (17,407 ) 

Honeywell International, Inc.

      460          05/04/18        USD     147.00        USD     6,647          (121,670 ) 

International Paper Co.

      176          05/04/18        USD     55.00        USD     940          (20,064 ) 

JPMorgan Chase & Co.

      244          05/04/18        USD     114.00        USD     2,683          (43,066 ) 

KeyCorp

      387          05/04/18        USD     20.50        USD     757          (13,932 ) 

Kroger Co.

      249          05/04/18        USD     25.00        USD     596          (12,325 ) 

Marathon Petroleum Corp.

      136          05/04/18        USD     73.00        USD     994          (37,672 ) 

Mattel, Inc.

      1,479          05/04/18        USD     14.50        USD     1,945          (77,648 ) 

McKesson Corp.

      65          05/04/18        USD     144.00        USD     916          (20,475 ) 

Medtronic PLC

      170          05/04/18        USD     81.00        USD     1,364          (29,580 ) 

Merck & Co., Inc.

      577          05/04/18        USD     56.00        USD     3,143          (69,240 ) 

Microsoft Corp.

      320          05/04/18        USD     94.00        USD     2,921          (79,200 ) 

Morgan Stanley

      161          05/04/18        USD     55.00        USD     869          (22,943 ) 

Morgan Stanley

      284          05/04/18        USD     56.00        USD     1,532          (28,826 ) 

Northrop Grumman Corp.

      84          05/04/18        USD     355.00        USD     2,933          (82,870 ) 

Oracle Corp.

      665          05/04/18        USD     48.00        USD     3,042          (28,595 ) 

Pfizer, Inc.

      249          05/04/18        USD     36.50        USD     884          (12,574 ) 

Pfizer, Inc.

      1,069          05/04/18        USD     36.00        USD     3,794          (75,365 ) 

Pfizer, Inc.

      821          05/04/18        USD     35.50        USD     2,914          (78,816 ) 

Procter & Gamble Co.

      189          05/04/18        USD     78.00        USD     1,498          (46,967 ) 

QUALCOMM, Inc.

      1,033          05/04/18        USD     57.00        USD     5,724          (246,887 ) 

Royal Dutch Shell PLC — ADR, Class A

      542          05/04/18        USD     65.50        USD     3,459          (47,154 ) 

Suncor Energy, Inc.

      500          05/04/18        USD     35.00        USD     1,727          (42,250 ) 

Suncor Energy, Inc.

      202          05/04/18        USD     35.50        USD     698          (12,726 ) 

U.S. Bancorp

      225          05/04/18        USD     52.50        USD     1,136          (15,188 ) 

Union Pacific Corp.

      65          05/04/18        USD     140.00        USD     874          (15,210 ) 

Verizon Communications, Inc.

      327          05/04/18        USD     49.00        USD     1,564          (20,928 ) 

Verizon Communications, Inc.

      354          05/04/18        USD     48.00        USD     1,693          (36,285 ) 

Verizon Communications, Inc.

      274          05/04/18        USD     50.00        USD     1,310          (10,412 ) 

Wells Fargo & Co.

      609          05/04/18        USD     54.00        USD     3,192          (62,118 ) 

Wells Fargo & Co.

      627          05/04/18        USD     53.50        USD     3,286          (78,062 ) 

FirstEnergy Corp.

      311          05/08/18        USD     35.01        USD     1,058          (15,546 ) 

TOTAL SA — ADR

      878          05/08/18        USD     58.60        USD     5,065          (83,928 ) 

General Mills, Inc.

      236          05/10/18        USD     53.50        USD     1,063          (1,070 ) 

Bank of America Corp.

      309          05/11/18        USD     31.00        USD     927          (16,377 ) 

Suncor Energy, Inc.

      366          05/11/18        USD     36.00        USD     1,264          (18,300 ) 

3M Co.

      99          05/18/18        USD     226.50        USD     2,173          (49,717 ) 

American International Group, Inc.

      793          05/18/18        USD     57.50        USD     4,316          (61,061 ) 

Anthem, Inc.

      144          05/18/18        USD     230.00        USD     3,164          (57,240 ) 

Bank of America Corp.

      310          05/18/18        USD     31.00        USD     930          (24,180 ) 

 

 

8   

Schedule of Investments  (unaudited) (continued)

March 31, 2018

   

BlackRock Enhanced Equity Dividend Trust (BDJ)

 

Exchange-Traded Options Written (continued)

 

Description   

Number of

Contracts

       

Expiration

Date

       

Exercise

Price

       

Notional

Amount (000)

        Value  

Call

                           

CVS Health Corp.

      136          05/18/18        USD     72.50        USD     846        $ (3,128 ) 

Cisco Systems, Inc.

      380          05/18/18        USD     46.00        USD     1,630          (20,710 ) 

Citigroup, Inc.

      139          05/18/18        USD     75.00        USD     938          (9,660 ) 

Citigroup, Inc.

      694          05/18/18        USD     72.50        USD     4,685          (91,608 ) 

Cognizant Technology Solutions Corp.

      206          05/18/18        USD     85.00        USD     1,658          (30,385 ) 

Comcast Corp., Class A

      357          05/18/18        USD     35.00        USD     1,220          (37,485 ) 

DowDuPont, Inc.

      295          05/18/18        USD     67.50        USD     1,879          (30,828 ) 

FirstEnergy Corp.

      368          05/18/18        USD     36.00        USD     1,252          (19,136 ) 

General Electric Co.

      202          05/18/18        USD     15.00        USD     272          (5,050 ) 

Goldman Sachs Group, Inc.

      279          05/18/18        USD     255.00        USD     7,027          (246,915 ) 

Hess Corp.

      485          05/18/18        USD     50.75        USD     2,455          (144,643 ) 

Honeywell International, Inc.

      75          05/18/18        USD     150.00        USD     1,084          (15,413 ) 

Humana, Inc.

      69          05/18/18        USD     270.00        USD     1,855          (53,130 ) 

International Paper Co.

      177          05/18/18        USD     55.00        USD     946          (26,993 ) 

Interpublic Group of Cos., Inc.

      1,030          05/18/18        USD     23.10        USD     2,372          (116,390 ) 

Kellogg Co.

      117          05/18/18        USD     70.00        USD     761          (8,482 ) 

KeyCorp

      270          05/18/18        USD     20.00        USD     528          (14,330 ) 

Kroger Co.

      1,005          05/18/18        USD     26.00        USD     2,406          (32,663 ) 

Lockheed Martin Corp.

      111          05/18/18        USD     355.00        USD     3,751          (48,285 ) 

Lowe’s Cos., Inc.

      139          05/18/18        USD     90.00        USD     1,220          (30,441 ) 

Marathon Petroleum Corp.

      136          05/18/18        USD     75.00        USD     994          (30,464 ) 

Medtronic PLC

      170          05/18/18        USD     82.50        USD     1,364          (23,545 ) 

Merck & Co., Inc.

      341          05/18/18        USD     57.50        USD     1,857          (29,497 ) 

Merck & Co., Inc.

      323          05/18/18        USD     55.00        USD     1,759          (59,109 ) 

MetLife, Inc.

      1,448          05/18/18        USD     47.50        USD     6,645          (154,936 ) 

Microsoft Corp.

      117          05/18/18        USD     95.00        USD     1,068          (28,841 ) 

Morgan Stanley

      283          05/18/18        USD     55.00        USD     1,527          (39,882 ) 

Oracle Corp.

      818          05/18/18        USD     48.00        USD     3,742          (50,307 ) 

Pfizer, Inc.

      497          05/18/18        USD     37.00        USD     1,764          (19,383 ) 

Plains All American Pipeline LP

      321          05/18/18        USD     23.00        USD     707          (20,063 ) 

Procter & Gamble Co.

      220          05/18/18        USD     80.00        USD     1,744          (36,630 ) 

Prudential Financial, Inc.

      252          05/18/18        USD     115.00        USD     2,609          (17,766 ) 

Public Service Enterprise Group, Inc.

      250          05/18/18        USD     50.00        USD     1,256          (43,125 ) 

Quest Diagnostics, Inc.

      31          05/18/18        USD     105.00        USD     311          (4,107 ) 

Royal Dutch Shell PLC — ADR, Class A

      162          05/18/18        USD     65.00        USD     1,034          (20,250 ) 

SunTrust Banks, Inc.

      528          05/18/18        USD     68.75        USD     3,593          (125,204 ) 

Suncor Energy, Inc.

      360          05/18/18        USD     34.00        USD     1,243          (57,600 ) 

Suncor Energy, Inc.

      367          05/18/18        USD     36.00        USD     1,268          (23,121 ) 

TOTAL SA — ADR

      533          05/18/18        USD     57.50        USD     3,075          (86,613 ) 

Taiwan Semiconductor Manufacturing Co. Ltd. — ADR

      515          05/18/18        USD     47.00        USD     2,254          (30,900 ) 

U.S. Bancorp

      114          05/18/18        USD     52.50        USD     576          (10,260 ) 

Unilever NV — NY Shares

      638          05/18/18        USD     55.00        USD     3,598          (149,930 ) 

Union Pacific Corp.

      116          05/18/18        USD     140.00        USD     1,559          (34,452 ) 

UnitedHealth Group, Inc.

      173          05/18/18        USD     226.25        USD     3,702          (103,014 ) 

Verizon Communications, Inc.

      226          05/18/18        USD     50.00        USD     1,081          (11,413 ) 

Wells Fargo & Co.

      161          05/18/18        USD     60.00        USD     844          (2,012 ) 

Wells Fargo & Co.

      1,237          05/18/18        USD     55.00        USD     6,483          (106,382 ) 

General Mills, Inc.

      236          05/24/18        USD     53.50        USD     1,063          (2,487 ) 

Anthem, Inc.

      144          06/15/18        USD     230.00        USD     3,164          (77,400 ) 

 

 

     9  

Schedule of Investments  (unaudited) (continued)

March 31, 2018

   

BlackRock Enhanced Equity Dividend Trust (BDJ)

 

Exchange-Traded Options Written (continued)

 

Description   

Number of

Contracts

       

Expiration

Date

       

Exercise

Price

       

Notional

Amount (000)

        Value  

Call

                           

MetLife, Inc.

      494          06/15/18        USD     47.50        USD     2,267        $ (70,642 ) 
                          

 

 

  
                           $ (9,145,580 ) 
                          

 

 

  

OTC Options Written

 

Description   Counterparty  

Number of

Contracts

    

Expiration

Date

    

Exercise

Price

     

Notional

Amount (000)

     Value  

Call

                 

BCE, Inc.

   Citibank N.A.     36,100       04/02/18       USD       46.13        USD       1,554     $ —  

Bayer AG, Registered Shares

   HSBC Bank PLC     31,400       04/03/18       EUR       102.40        EUR       2,877       —  

Constellation Software, Inc.

   Citibank N.A.     7,700       04/03/18       CAD       773.00        CAD       6,731       (604,951 ) 

AstraZeneca PLC

   UBS AG     108,800       04/05/18       GBP       47.69        GBP       5,331       (233,503 ) 

CDW Corp.

   Citibank N.A.     44,300       04/10/18       USD       72.90        USD       3,115       (19,464 ) 

CRH PLC

   UBS AG     72,500       04/10/18       GBP       27.27        GBP       1,747       (118 ) 

Danone SA

   HSBC Bank PLC     29,300       04/10/18       EUR       66.23        EUR       1,931       (35,699 ) 

Experian PLC

   HSBC Bank PLC     121,000       04/11/18       GBP       15.99        GBP       1,865       (5,619 ) 

Koninklijke Philips NV

   Goldman Sachs International     222,400       04/11/18       EUR       32.44        EUR       6,921       (27,553 ) 

Lenovo Group Ltd.

   UBS AG     3,300,000       04/11/18       HKD       4.07        HKD       13,332       (31,473 ) 

Novo Nordisk A/S — ADR

   Citibank N.A.     35,200       04/11/18       USD       51.92        USD       1,734       (2,657 ) 

Public Service Enterprise Group, Inc.

   Bank of America N.A.     125,200       04/13/18       USD       50.62        USD       6,290       (81,187 ) 

CRH PLC

   UBS AG     25,500       04/17/18       GBP       24.56        GBP       614       (10,856 ) 

Diageo PLC

   Morgan Stanley & Co. International PLC     44,600       04/17/18       GBP       24.91        GBP       1,075       (7,752 ) 

AstraZeneca PLC

   Credit Suisse International     108,800       04/18/18       GBP       48.48        GBP       5,331       (194,914 ) 

BP PLC

   Goldman Sachs International     250,000       04/18/18       GBP       4.83        GBP       1,203       (27,504 ) 

BP PLC

   UBS AG     338,000       04/18/18       GBP       4.81        GBP       1,626       (41,154 ) 

British American Tobacco PLC

   UBS AG     45,200       04/18/18       GBP       45.09        GBP       1,862       (4,231 ) 

Diageo PLC

   Morgan Stanley & Co. International PLC     56,350       04/18/18       GBP       24.72        GBP       1,359       (14,811 ) 

Experian PLC

   Credit Suisse International     181,000       04/18/18       GBP       15.89        GBP       2,789       (27,279 ) 

Publicis Groupe SA

   Morgan Stanley & Co. International PLC     6,700       04/24/18       EUR       56.09        EUR       379       (15,990 ) 

CRH PLC

   UBS AG     36,000       04/25/18       GBP       24.97        GBP       867       (11,735 ) 

Lenovo Group Ltd.

   Morgan Stanley & Co. International PLC     3,310,000       04/25/18       HKD       4.13        HKD       13,372       (36,506 ) 

AstraZeneca PLC

   UBS AG     35,500       04/26/18       GBP       48.18        GBP       1,740       (82,258 ) 

Diageo PLC

   Morgan Stanley & Co. International PLC     191,400       04/26/18       GBP       23.98        GBP       4,615       (156,224 ) 

FirstEnergy Corp.

   Citibank N.A.     46,800       04/30/18       USD       32.01        USD       1,592       (111,222 ) 

BP PLC

   Barclays Bank PLC     382,000       05/02/18       GBP       4.87        GBP       1,837       (52,257 ) 

Bayer AG, Registered Shares

   Citibank N.A.     19,600       05/02/18       EUR       98.88        EUR       1,796       (10,703 ) 

CRH PLC

   Barclays Bank PLC     59,900       05/02/18       GBP       24.92        GBP       1,443       (38,482 ) 

Diageo PLC

   UBS AG     28,000       05/02/18       GBP       24.65        GBP       675       (11,778 ) 

Koninklijke Philips NV

   Credit Suisse International     88,200       05/02/18       EUR       32.60        EUR       2,745       (36,966 ) 

Koninklijke Philips NV

   Credit Suisse International     47,600       05/02/18       EUR       31.33        EUR       1,481       (45,715 ) 

Samsung Electronics Co. Ltd. — GDR

   Credit Suisse International     5,000       05/02/18       USD       1,247.39        USD       5,784       (66,781 ) 

Pfizer, Inc.

   Citibank N.A.     47,100       05/04/18       USD       37.49        USD       1,672       (10,067 ) 

Suncor Energy, Inc.

   Citibank N.A.     123,300       05/08/18       USD       33.84        USD       4,259       (162,233 ) 

BP PLC

   Barclays Bank PLC     191,300       05/09/18       GBP       4.74        GBP       920       (47,431 ) 

BP PLC

   Credit Suisse International     191,200       05/09/18       GBP       4.77        GBP       920       (43,465 ) 

Diageo PLC

   Barclays Bank PLC     28,400       05/09/18       GBP       24.28        GBP       685       (21,346 ) 

Publicis Groupe SA

   Barclays Bank PLC     14,200       05/11/18       EUR       57.04        EUR       804       (33,874 ) 

NextEra Energy, Inc.

   Barclays Bank PLC     15,800       05/17/18       USD       163.00        USD       2,581       (76,390 ) 

TOTAL SA — ADR

   UBS AG     53,400       05/25/18       USD       58.91        USD       3,081       (58,655 ) 
                

 

 

  
                 $ (2,500,803 ) 
                

 

 

  

 

 

10   

Schedule of Investments  (unaudited) (continued)

March 31, 2018

   

BlackRock Enhanced Equity Dividend Trust (BDJ)

 

Fair Value Hierarchy as of Period End

Various inputs are used in determining the fair value of investments. 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 quoted prices 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)

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 and is not necessarily an indication of the risks associated with investing in these securities. For information about the Trust’s policy regarding valuation of investments, refer to the Trust’s most recent financial statements as contained in its annual report.

As of March 31, 2018, the following tables summarize the Trust’s investments categorized in the disclosure hierarchy:

 

      Level 1        Level 2        Level 3        Total  

Assets:

 

Investments:

 

Common Stocks:

 

Aerospace & Defense

   $ 25,083,258        $ —        $             —        $ 25,083,258  

Banks

     338,101,480          —          —          338,101,480  

Beverages

     19,130,189          23,591,913          —          42,722,102  

Capital Markets

     69,389,705          —          —          69,389,705  

Chemicals

     20,085,533          —          —          20,085,533  

Communications Equipment

     27,309,702          —          —          27,309,702  

Construction Materials

     —          13,109,086          —          13,109,086  

Diversified Telecommunication Services

     48,856,026          —          —          48,856,026  

Electric Utilities

     70,495,601          —          —          70,495,601  

Electronic Equipment, Instruments & Components

     11,382,486          —          —          11,382,486  

Energy Equipment & Services

     5,862,337          —          —          5,862,337  

Food & Staples Retailing

     21,609,023          —          —          21,609,023  

Food Products

     19,492,581          4,743,311          —          24,235,892  

Health Care Equipment & Supplies

     24,198,363          27,433,902          —          51,632,265  

Health Care Providers & Services

     133,758,484          —          —          133,758,484  

Household Products

     16,594,890          —          —          16,594,890  

 

 

     11  

Schedule of Investments  (unaudited) (continued)

March 31, 2018

   

BlackRock Enhanced Equity Dividend Trust (BDJ)

 

      Level 1        Level 2        Level 3        Total  

Assets:

 

Investments:

 

Common Stocks:

 

IT Services

   $ 6,647,690        $ —        $             —        $ 6,647,690  

Industrial Conglomerates

     50,096,258          —          —          50,096,258  

Insurance

     123,406,743          —          —          123,406,743  

Leisure Products

     7,718,471          —          —          7,718,471  

Machinery

     7,862,202          —          —          7,862,202  

Media

     39,869,163          2,901,557          —          42,770,720  

Multi-Utilities

     21,976,483          —          —          21,976,483  

Multiline Retail

     10,394,060          —          —          10,394,060  

Oil, Gas & Consumable Fuels

     176,982,732          18,246,579          —          195,229,311  

Paper & Forest Products

     7,250,451          —          —          7,250,451  

Personal Products

     14,412,720          —          —          14,412,720  

Pharmaceuticals

     112,039,880          43,656,013          —          155,695,893  

Professional Services

     10,904,606          13,061,434          —          23,966,040  

Road & Rail

     11,262,545          —          —          11,262,545  

Semiconductors & Semiconductor Equipment

     33,570,304          —          —          33,570,304  

Software

     107,739,803          —          —          107,739,803  

Specialty Retail

     10,135,125          —          —          10,135,125  

Technology Hardware, Storage & Peripherals

     —          15,844,034          —          15,844,034  

Tobacco

     18,195,570          6,144,870          —          24,340,440  

Wireless Telecommunication Services

     3,665,139          —          —          3,665,139  

Short-Term Securities

     7,476,666          —          —          7,476,666  

Options Purchased

                 

Equity contracts

      2,665          —          —          2,665  
  

 

 

       

 

 

       

 

 

       

 

 

  
   $ 1,632,958,934        $ 168,732,699        $ —        $ 1,801,691,633  
  

 

 

       

 

 

       

 

 

       

 

 

  

Derivative Financial Instruments(a)

 

Liabilities:

 

Equity contracts

   $ (7,597,635 )       $ (4,048,748 )       $ —        $ (11,646,383 ) 
  

 

 

       

 

 

       

 

 

       

 

 

  

 

  (a)  Derivative financial instruments are options written, which are shown at value  

During the period ended March 31, 2018, there were no transfers between levels.

 

 

12   

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: May 21, 2018

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: May 21, 2018

 

By:   /s/ Neal J. Andrews                    
  Neal J. Andrews
  Chief Financial Officer (principal financial officer) of
  BlackRock Enhanced Equity Dividend Trust

Date: May 21, 2018