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
BlackRock Enhanced Dividend Achievers(TM) Trust
(Exact name of registrant as specified in charter)
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Robert S. Kapito, President
BlackRock Enhanced Dividend Achievers(TM) Trust
40 East
52nd Street, New York, NY 10022
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Registrant's telephone number, including area code: 888-825-2257
Date of fiscal year end: October 31, 2006
Date of reporting period: July 31, 2006
Item 1. Schedule of Investments.
The Registrant’s unaudited schedule of investments as of the close of the reporting period pursuant to Rule 30b1-5 under the Investment Company Act of 1940 is as follows:
PORTFOLIO OF INVESTMENTS
(unaudited)
JULY 31, 2006
BlackRock Enhanced Dividend Achievers™ Trust (BDJ)
| Shares | Description | Value | ||
| LONG-TERM INVESTMENTS—99.1% | ||||
| Common Stocks—99.1% | ||||
| Basic Materials—1.1% | ||||
| 91,600 | PPG Industries, Inc. | $ 5,637,064 | ||
| 293,600 | RPM Intl., Inc. | 5,502,064 | ||
| Total Basic Materials | 11,139,128 | |||
| Conglomerates—4.1% | ||||
| 1,273,000 | General Electric Co. | 41,614,370 | ||
| Consumer Products—15.1% | ||||
| 628,300 | 1 | Altria Group, Inc. | 50,245,151 | |
| 108,400 | Anheuser-Busch Co., Inc. | 5,219,460 | ||
| 1,071,600 | Coca-Cola Co. | 47,686,200 | ||
| 787,500 | ConAgra Foods, Inc. | 16,931,250 | ||
| 80,200 | 1 | Kimberly-Clark Corp. | 4,896,210 | |
| 160,700 | La-Z-Boy, Inc. | 2,048,925 | ||
| 118,700 | McDonald’s Corp. | 4,200,793 | ||
| 978,500 | Sara Lee Corp. | 16,536,650 | ||
| 85,500 | Stanley Works | 3,879,135 | ||
| Total Consumer Products | 151,643,774 | |||
| Energy—13.7% | ||||
| 206,200 | Atmos Energy Corp. | 5,932,374 | ||
| 137,100 | Black Hills Corp. | 4,912,293 | ||
| 737,500 | Chevron Corp. | 48,512,750 | ||
| 439,300 | 1 | Consolidated Edison, Inc. | 20,589,991 | |
| 204,500 | Exxon Mobil Corp. | 13,852,830 | ||
| 81,600 | National Fuel Gas Co. | 3,030,624 | ||
| 89,300 | Otter Tail Corp. | 2,648,638 | ||
| 206,200 | Peoples Energy Corp. | 8,703,702 | ||
| 125,100 | Pinnacle West Capital Corp. | 5,380,551 | ||
| 386,900 | Progress Energy, Inc. | 16,849,495 | ||
| 149,300 | Vectren Corp. | 4,152,033 | ||
| 42,700 | WPS Resources Corp. | 2,202,039 | ||
| Total Energy | 136,767,320 | |||
| Financial Institutions—37.8% | ||||
| 45,100 | Allstate Corp. | 2,562,582 | ||
| 668,288 | AmSouth Bancorp | 19,153,134 | ||
| 192,000 | Arthur J. Gallagher & Co. | 5,216,640 | ||
| 210,200 | BancorpSouth, Inc. | 5,748,970 | ||
| 885,000 | 1 | Bank of America Corp. | 45,604,050 | |
| 361,600 | BB&T Corp. | 15,183,584 | ||
| 93,100 | Chemical Financial Corp. | 2,849,791 | ||
| 898,600 | Citigroup, Inc. | 43,411,366 | ||
| 305,600 | Comerica, Inc. | 17,892,880 | ||
| 631,100 | Fifth Third Bancorp | 24,070,154 | ||
| 178,300 | FirstMerit Corp. | 3,908,336 | ||
| 38,900 | Freddie Mac | 2,250,754 | ||
| 293,901 | Fulton Financial Corp. | 4,864,062 | ||
| 195,800 | KeyCorp | 7,225,020 | ||
| 277,074 | Lincoln National Corp. | 15,704,554 | ||
| 491,900 | National City Corp. | 17,708,400 | ||
| 226,341 | North Fork Bancorporation, Inc. | 6,412,240 | ||
| 133,300 | Old Republic Intl. Group | 2,835,291 | ||
| 186,010 | Republic Bancorp, Inc. | 2,429,291 | ||
| 76,900 | S&T Bancorp, Inc. | 2,404,663 | ||
| 226,700 | SunTrust Bank, Inc. | 17,879,829 | ||
| 120,800 | Synovus Financial Corp. | 3,413,808 | ||
| 158,600 | T. Rowe Price Group, Inc. | 6,551,766 | ||
| 143,147 | TD Banknorth, Inc. | 4,151,263 | ||
| 230,500 | Washington Federal, Inc. | 5,156,285 | ||
| 1,048,500 | Washington Mutual, Inc. | 46,867,950 | ||
1
BlackRock Enhanced Dividend Achievers™ Trust (BDJ) (continued)
| Shares | Description | ||||||||||||
| Financial Institutions—(cont’d) | |||||||||||||
| 652,531 | Wells Fargo & Co. | $ 47,204,092 | |||||||||||
| Total Financial Institutions | 378,660,755 | ||||||||||||
| Health Care—14.9% | |||||||||||||
| 102,000 | Abbott Laboratories | 4,872,540 | |||||||||||
| 871,600 | Eli Lilly & Co. | 49,480,732 | |||||||||||
| 101,400 | Johnson & Johnson | 6,342,570 | |||||||||||
| 1,019,512 | Merck & Co., Inc. | 41,055,748 | |||||||||||
| 1,814,100 | 1 | Pfizer, Inc. | 47,148,459 | ||||||||||
| Total Health Care | 148,900,049 | ||||||||||||
| Industrials—1.1% | |||||||||||||
| 85,300 | 3M Co. | 6,005,120 | |||||||||||
| 442,200 | ServiceMaster Co. | 4,550,238 | |||||||||||
| Total Industrials | 10,555,358 | ||||||||||||
| Real Estate—4.9% | |||||||||||||
| 55,100 | Colonial Properties Trust (REIT) | 2,640,943 | |||||||||||
| 145,300 | Duke Realty Corp. (REIT) | 5,413,878 | |||||||||||
| 199,100 | General Growth Properties, Inc. (REIT) | 9,086,924 | |||||||||||
| 188,600 | Health Care Property Investors, Inc. (REIT) | 5,171,412 | |||||||||||
| 132,100 | Healthcare Realty Trust, Inc. (REIT) | 4,371,189 | |||||||||||
| 53,500 | Home Properties, Inc. (REIT) | 2,984,230 | |||||||||||
| 58,300 | Kimco Realty Corp. (REIT) | 2,287,692 | |||||||||||
| 144,700 | Lexington Corporate Properties Trust (REIT) | 2,882,424 | |||||||||||
| 57,900 | Liberty Property Trust (REIT) | 2,712,615 | |||||||||||
| 127,200 | National Retail Properties, Inc. (REIT) | 2,650,848 | |||||||||||
| 50,700 | Prologis (REIT) | 2,806,245 | |||||||||||
| 85,300 | Sun Communities, Inc. (REIT) | 2,722,776 | |||||||||||
| 110,800 | United Dominion Realty Trust, Inc. (REIT) | 3,085,780 | |||||||||||
| Total Real Estate | 48,816,956 | ||||||||||||
| Technology—0.9% | |||||||||||||
| 58,100 | Intl. Business Machines Corp. | 4,497,521 | |||||||||||
| 115,600 | Pitney Bowes, Inc. | 4,776,592 | |||||||||||
| Total Technology | 9,274,113 | ||||||||||||
| Telecommunications—5.5% | |||||||||||||
| 63,500 | Alltel Corp. | 3,503,295 | |||||||||||
| 1,707,000 | AT&T, Inc. | 51,192,930 | |||||||||||
| 65,654 | Windstream Corp. | 822,645 | |||||||||||
| Total Telecommunications | 55,518,870 | ||||||||||||
| Total Common Stocks (cost $948,336,898) | 992,890,693 | ||||||||||||
| MONEY MARKET FUND—2.5% | |||||||||||||
| 25,318,505 | Fidelity Institutional Money Market Prime Portfolio (cost $25,318,505) | 25,318,505 | |||||||||||
| Total investments before outstanding options written (cost $973,655,4032) | 1,018,209,198 | ||||||||||||
| Contracts | |||||||||||||
| OUTSTANDING OPTIONS WRITTEN—(2.1)% | |||||||||||||
| OUTSTANDING CALL OPTIONS WRITTEN—(2.1)% | |||||||||||||
| (550 | ) | Abbott Laboratories, strike price $43.63, expires 08/30/06 | (243,650 | ) | |||||||||
| (250 | ) | Allstate Corp., strike price $55.25, expires 08/30/06 | (56,500 | ) | |||||||||
| (350 | ) | Alltel Corp., strike price $55, expires 08/19/06 | (61,250 | ) | |||||||||
| (1,000 | ) | Altria Group, Inc., strike price $75, expires 09/19/06 | (630,000 | ) | |||||||||
| (122,500 | ) | Altria Group, Inc., strike price $75.50, expires 08/21/06 | (627,445 | ) | |||||||||
| (1,319 | ) | Altria Group, Inc., strike price $80, expires 08/19/06 | (197,850 | ) | |||||||||
| (92,000 | ) | AmSouth Bancorp, strike price $27.40, expires 08/28/06 | (136,344 | ) | |||||||||
| (92,000 | ) | AmSouth Bancorp, strike price $27.40, expires 09/15/06 | (150,521 | ) | |||||||||
| (132,000 | ) | AmSouth Bancorp, strike price $27.50, expires 08/21/06 | (166,320 | ) | |||||||||
| (53,000 | ) | AmSouth Bancorp, strike price $27.65, expires 08/31/06 | (74,041 | ) | |||||||||
| (13,000 | ) | Anheuser-Busch Co., Inc., strike price $46.50, expires 08/21/06 | (22,968 | ) | |||||||||
| (32,900 | ) | Anheuser-Busch Co., Inc., strike price $46.50, expires 09/15/06 | (70,472 | ) | |||||||||
| (13,200 | ) | Anheuser-Busch Co., Inc., strike price $47.25, expires 08/31/06 | (19,747 | ) | |||||||||
| (50,000 | ) | Arthur J. Gallagher & Co., strike price $27.15, expires 08/21/06 | (23,055 | ) | |||||||||
| (55,000 | ) | Arthur J. Gallagher & Co., strike price $27.52, expires 09/15/06 | (27,940 | ) | |||||||||
| (150 | ) | AT&T, Inc., strike price $27.50, expires 08/19/06 | (37,500 | ) | |||||||||
2
BlackRock Enhanced Dividend Achievers™ Trust (BDJ) (continued)
| Contracts | Description | |||
| OUTSTANDING CALL OPTIONS WRITTEN—(cont’d) | ||||
| (187,200 | ) | AT&T, Inc., strike price $27.75, expires 08/31/06 | $ (458,453 | ) |
| (340,000 | ) | AT&T, Inc., strike price $28.50, expires 08/18/06 | (571,880 | ) |
| (197,000 | ) | AT&T, Inc., strike price $29.16, expires 08/31/06 | (251,175 | ) |
| (200,000 | ) | AT&T, Inc., strike price $29.16, expires 09/15/06 | (287,400 | ) |
| (44,000 | ) | Atmos Energy Corp., strike price $27, expires 08/18/06 | (81,048 | ) |
| (69,000 | ) | Atmos Energy Corp., strike price $27.62, expires 08/18/06 | (85,767 | ) |
| (353 | ) | BancorpSouth, Inc., strike price $26.25, expires 08/07/06 | (42,713 | ) |
| (311 | ) | BancorpSouth, Inc., strike price $26.25, expires 08/25/06 | (49,138 | ) |
| (47,500 | ) | BancorpSouth, Inc., strike price $27.27, expires 08/31/06 | (38,753 | ) |
| (176,000 | ) | Bank of America Corp., strike price $48, expires 08/18/06 | (659,824 | ) |
| (100,000 | ) | Bank of America Corp., strike price $49.07, expires 08/18/06 | (254,261 | ) |
| (100,000 | ) | Bank of America Corp., strike price $50.70, expires 08/31/06 | (119,540 | ) |
| (100,000 | ) | Bank of America Corp., strike price $50.96, expires 09/15/06 | (129,820 | ) |
| (100 | ) | Bank of America Corp., strike price $52.50, expires 09/16/06 | (6,500 | ) |
| (1,100 | ) | BB&T Corp., strike price $41.63, expires 08/31/06 | (124,300 | ) |
| (89,000 | ) | BB&T Corp., strike price $42.50, expires 08/21/06 | (35,778 | ) |
| (300 | ) | Black Hills Corp., strike price $35, expires 08/19/06 | (37,500 | ) |
| (23,000 | ) | Black Hills Corp., strike price $35.92, expires 08/31/06 | (13,547 | ) |
| (23,000 | ) | Black Hills Corp., strike price $35.92, expires 09/19/06 | (18,791 | ) |
| (25,000 | ) | Chemical Financial Corp., strike price $29, expires 08/21/06 | (45,050 | ) |
| (26,000 | ) | Chemical Financial Corp., strike price $29.62, expires 09/28/06 | (39,650 | ) |
| (510 | ) | Chevron Corp., strike price $62, expires 08/30/06 | (232,050 | ) |
| (125,000 | ) | Chevron Corp., strike price $62, expires 09/15/06 | (559,600 | ) |
| (210,000 | ) | Chevron Corp., strike price $62.25, expires 08/21/06 | (739,620 | ) |
| (250 | ) | Chevron Corp., strike price $66, expires 08/31/06 | (47,250 | ) |
| (132,500 | ) | Citigroup, Inc., strike price $48.35, expires 08/31/06 | (95,532 | ) |
| (132,500 | ) | Citigroup, Inc., strike price $48.35, expires 09/19/06 | (139,523 | ) |
| (233,000 | ) | Citigroup, Inc., strike price $49, expires 08/18/06 | (61,139 | ) |
| (192,000 | ) | Coca-Cola Co., strike price $44, expires 08/18/06 | (166,330 | ) |
| (65,000 | ) | Coca-Cola Co., strike price $44, expires 08/31/06 | (77,381 | ) |
| (165,500 | ) | Coca-Cola Co., strike price $44.26, expires 08/31/06 | (170,455 | ) |
| (165,500 | ) | Coca-Cola Co., strike price $44.48, expires 09/15/06 | (163,959 | ) |
| (20,000 | ) | Colonial Properties Trust (REIT), strike price $43.88, expires 08/21/06 | (71,521 | ) |
| (10,000 | ) | Colonial Properties Trust (REIT), strike price $49.86, expires 09/15/06 | (5,958 | ) |
| (464 | ) | Comerica, Inc., strike price $55, expires 08/19/06 | (171,680 | ) |
| (500 | ) | Comerica, Inc., strike price $55, expires 10/21/06 | (220,000 | ) |
| (250 | ) | Comerica, Inc., strike price $55.75, expires 08/31/06 | (83,250 | ) |
| (47,500 | ) | Comerica, Inc., strike price $55.88, expires 08/31/06 | (155,563 | ) |
| (110,000 | ) | ConAgra Foods, Inc., strike price $22.15, expires 09/15/06 | (31,790 | ) |
| (212,000 | ) | ConAgra Foods, Inc., strike price $22.50, expires 08/18/06 | (16,426 | ) |
| (50,000 | ) | Consolidated Edison, Inc., strike price $43.02, expires 08/21/06 | (170,500 | ) |
| (482 | ) | Consolidated Edison, Inc., strike price $45, expires 08/21/06 | (96,400 | ) |
| (143,000 | ) | Consolidated Edison, Inc., strike price $47, expires 09/15/06 | (122,198 | ) |
| (28,000 | ) | Duke Realty Corp. (REIT), strike price $35.10, expires 08/18/06 | (55,524 | ) |
| (520 | ) | Duke Realty Corp. (REIT), strike price $35.50, expires 08/31/06 | (92,560 | ) |
| (2,500 | ) | Eli Lilly & Co., strike price $55, expires 08/31/06 | (652,500 | ) |
| (875 | ) | Eli Lilly & Co., strike price $55, expires 10/23/06 | (288,750 | ) |
| (145,000 | ) | Eli Lilly & Co., strike price $55.25, expires 08/18/06 | (255,490 | ) |
| (560 | ) | Exxon Mobil Corp., strike price $61.25, expires 08/11/06 | (370,720 | ) |
| (541 | ) | Exxon Mobil Corp., strike price $67.50, expires 09/16/06 | (112,257 | ) |
| (50,000 | ) | Fifth Third Bancorp, strike price $37.60, expires 08/18/06 | (54,310 | ) |
| (60,000 | ) | Fifth Third Bancorp, strike price $38, expires 09/15/06 | (78,120 | ) |
| (1,000 | ) | Fifth Third Bancorp, strike price $39, expires 08/28/06 | (54,000 | ) |
| (71,000 | ) | Fifth Third Bancorp, strike price $39, expires 08/31/06 | (39,618 | ) |
| (71,000 | ) | Fifth Third Bancorp, strike price $39, expires 09/16/06 | (60,279 | ) |
| (250 | ) | FirstMerit Corp., strike price $22.50, expires 08/19/06 | (7,500 | ) |
| (730 | ) | FirstMerit Corp., strike price $22.50, expires 09/16/06 | (36,500 | ) |
| (70 | ) | Freddie Mac, strike price $60, expires 09/16/06 | (6,300 | ) |
| (15,000 | ) | Freddie Mac, strike price $61.75, expires 08/18/06 | (1,620 | ) |
| (80,000 | ) | Fulton Financial Corp., strike price $16.53, expires 08/21/06 | (11,920 | ) |
| (80,000 | ) | Fulton Financial Corp., strike price $17, expires 10/31/06 | (30,328 | ) |
| (200,000 | ) | General Electric Co., strike price $32.75, expires 08/31/06 | (114,600 | ) |
| (125,000 | ) | General Electric Co., strike price $33, expires 09/15/06 | (75,825 | ) |
| (100,000 | ) | General Electric Co., strike price $34, expires 08/22/06 | (11,400 | ) |
| (175,000 | ) | General Electric Co., strike price $34, expires 08/31/06 | (15,225 | ) |
| (100,000 | ) | General Electric Co., strike price $34, expires 09/15/06 | (18,800 | ) |
| (300 | ) | General Growth Properties, Inc. (REIT), strike price $45, expires 08/19/06 | (45,000 | ) |
3
BlackRock Enhanced Dividend Achievers™ Trust (BDJ) (continued)
| Contracts | Description | |||
| OUTSTANDING CALL OPTIONS WRITTEN—(cont’d) | ||||
| (79,500 | ) | General Growth Properties, Inc. (REIT),strike price $46.60, expires 08/18/06 | $ (61,610 | ) |
| (47,000 | ) | Health Care Property Investors, Inc. (REIT), strike price $27.10, expires 08/21/06 | (22,419 | ) |
| (40,000 | ) | Health Care Property Investors, Inc. (REIT), strike price $27.50, expires 10/20/06 | (39,560 | ) |
| (17,000 | ) | Health Care Property Investors, Inc. (REIT), strike price $27.80, expires 09/29/06 | (10,880 | ) |
| (36,000 | ) | Healthcare Realty Trust, Inc. (REIT), strike price $34, expires 08/21/06 | (3,600 | ) |
| (36,000 | ) | Healthcare Realty Trust, Inc. (REIT), strike price $34, expires 08/31/06 | (8,712 | ) |
| (295 | ) | Home Properties, Inc. (REIT), strike price $55, expires 08/19/06 | (36,875 | ) |
| (150 | ) | Intl. Business Machines Corp., strike price $80, expires 08/19/06 | (3,000 | ) |
| (170 | ) | Intl. Business Machines Corp., strike price $80, expires 10/21/06 | (26,520 | ) |
| (30,000 | ) | Johnson & Johnson, strike price $62.85, expires 08/21/06 | (16,650 | ) |
| (26,000 | ) | Johnson & Johnson, strike price $63.75, expires 10/20/06 | (30,342 | ) |
| (35,000 | ) | KeyCorp, strike price $35.75, expires 08/18/06 | (50,866 | ) |
| (15,000 | ) | KeyCorp, strike price $36, expires 08/21/06 | (18,090 | ) |
| (58,000 | ) | KeyCorp, strike price $37.40, expires 09/15/06 | (39,057 | ) |
| (230 | ) | Kimberly-Clark Corp., strike price $60, expires 08/19/06 | (35,650 | ) |
| (22,000 | ) | Kimberly-Clark Corp., strike price $62, expires 08/21/06 | (13,134 | ) |
| (20,000 | ) | Kimco Realty Corp. (REIT), strike price $35.27, expires 08/21/06 | (81,824 | ) |
| (9,000 | ) | Kimco Realty Corp. (REIT), strike price $38, expires 08/31/06 | (16,927 | ) |
| (50 | ) | Kimco Realty Corp. (REIT), strike price $40, expires 10/24/06 | (6,750 | ) |
| (188 | ) | La-Z-Boy, Inc., strike price $15, expires 10/21/06 | (6,580 | ) |
| (270 | ) | La-Z-Boy, Inc., strike price $15.13, expires 08/11/06 | (810 | ) |
| (300 | ) | La-Z-Boy, Inc., strike price $15.25, expires 09/08/06 | (3,900 | ) |
| (20,000 | ) | Liberty Property Trust (REIT), strike price $42.17, expires 08/21/06 | (95,938 | ) |
| (12,000 | ) | Liberty Property Trust (REIT), strike price $45, expires 08/21/06 | (26,024 | ) |
| (24,000 | ) | Lincoln National Corp., strike price $56.25, expires 08/21/06 | (35,616 | ) |
| (40,000 | ) | Lincoln National Corp., strike price $56.75, expires 08/18/06 | (48,240 | ) |
| (88,000 | ) | Lincoln National Corp., strike price $58.20, expires 09/15/06 | (96,941 | ) |
| (380 | ) | McDonald’s Corp., strike price $35, expires 08/19/06 | (32,300 | ) |
| (275 | ) | McDonald’s Corp., strike price $35, expires 09/19/06 | (38,500 | ) |
| (70,000 | ) | Merck & Co., Inc., strike price $35, expires 08/21/06 | (376,655 | ) |
| (190,000 | ) | Merck & Co., Inc., strike price $35, expires 08/28/06 | (1,038,768 | ) |
| (62,000 | ) | Merck & Co., Inc., strike price $37, expires 09/15/06 | (215,016 | ) |
| (360 | ) | Merck & Co., Inc., strike price $37.50, expires 08/23/06 | (112,680 | ) |
| (178,000 | ) | Merck & Co., Inc., strike price $38.50, expires 09/15/06 | (406,730 | ) |
| (1,360 | ) | National City Corp., strike price $35, expires 08/19/06 | (183,600 | ) |
| (98,000 | ) | National City Corp., strike price $36.71, expires 09/18/06 | (78,233 | ) |
| (37,000 | ) | National City Corp., strike price $37.18, expires 10/20/06 | (31,041 | ) |
| (45,600 | ) | National Fuel Gas Co., strike price $37.50, expires 08/31/06 | (33,562 | ) |
| (30,000 | ) | National Retail Properties, Inc. (REIT), strike price $20.65, expires 10/13/06 | (32,070 | ) |
| (40,000 | ) | National Retail Properties, Inc. (REIT), strike price $21.57, expires 10/20/06 | (25,120 | ) |
| (400 | ) | North Fork Bancorporation, Inc., strike price $30, expires 11/18/06 | (14,000 | ) |
| (37,000 | ) | Old Republic Intl. Group, strike price $22.50, expires 08/18/06 | (2,516 | ) |
| (370 | ) | Old Republic Intl. Group, strike price $22.50, expires 08/19/06 | (7,400 | ) |
| (17,000 | ) | Otter Tail Corp., strike price $27.50, expires 08/31/06 | (38,046 | ) |
| (150 | ) | Otter Tail Corp., strike price $30, expires 09/16/06 | (9,750 | ) |
| (170 | ) | Otter Tail Corp., strike price $30, expires 10/21/06 | (17,000 | ) |
| (330 | ) | Peoples Energy Corp., strike price $36.50, expires 08/07/06 | (189,420 | ) |
| (80,000 | ) | Peoples Energy Corp., strike price $36.75, expires 08/18/06 | (444,400 | ) |
| (50,000 | ) | Pfizer, Inc., strike price $23.50, expires 08/30/06 | (120,700 | ) |
| (120,000 | ) | Pfizer, Inc., strike price $24, expires 08/31/06 | (244,874 | ) |
| (155,000 | ) | Pfizer, Inc., strike price $24.15, expires 08/31/06 | (294,655 | ) |
| (105,000 | ) | Pfizer, Inc., strike price $25.50, expires 09/18/06 | (107,425 | ) |
| (545,000 | ) | Pfizer, Inc., strike price $24, expires 09/28/06 | (1,233,880 | ) |
| (27 | ) | Pinnacle West Capital Corp., strike price $40, expires 08/19/06 | (8,505 | ) |
| (67,000 | ) | Pinnacle West Capital Corp., strike price $44, expires 10/20/06 | (50,920 | ) |
| (425 | ) | Pitney Bowes, Inc., strike price $43.13, expires 08/11/06 | (2,975 | ) |
| (22,000 | ) | Pitney Bowes, Inc., strike price $43.25, expires 10/20/06 | (12,089 | ) |
| (200 | ) | PPG Industries, Inc., strike price $65, expires 08/19/06 | (3,000 | ) |
| (300 | ) | PPG Industries, Inc., strike price $65, expires 09/16/06 | (15,000 | ) |
| (830 | ) | Progress Energy, Inc., strike price $43, expires 08/30/06 | (96,280 | ) |
| (61,500 | ) | Progress Energy, Inc., strike price $44.20, expires 09/15/06 | (40,221 | ) |
| (68,000 | ) | Progress Energy, Inc., strike price $44.35, expires 09/29/06 | (51,748 | ) |
| (20,000 | ) | Prologis (REIT), strike price $48.27, expires 08/21/06 | (136,760 | ) |
| (55,000 | ) | Republic Bancorp, Inc., strike price $13.25, expires 08/18/06 | (8,525 | ) |
| (47,300 | ) | Republic Bancorp, Inc., strike price $13.34, expires 09/15/06 | (9,933 | ) |
| (68,000 | ) | RPM Intl., Inc., strike price $18.50, expires 08/18/06 | (32,640 | ) |
4
BlackRock Enhanced Dividend Achievers™ Trust (BDJ) (continued)
| Contracts | Description | |||
| OUTSTANDING CALL OPTIONS WRITTEN—(cont’d) | ||||
| (63,500 | ) | RPM Intl., Inc., strike price $19.13, expires 10/17/06 | $ (31,432 | ) |
| (30,000 | ) | RPM Intl., Inc., strike price $19, expires 09/15/06 | (13,920 | ) |
| (100,000 | ) | Sara Lee Corp., strike price $16.84, expires 08/31/06 | (43,180 | ) |
| (1,000 | ) | Sara Lee Corp., strike price $17, expires 09/08/06 | (52,000 | ) |
| (2,000 | ) | Sara Lee Corp., strike price $17.50, expires 10/21/06 | (80,000 | ) |
| (265 | ) | Stanley Works, strike price $47.50, expires 09/16/06 | (22,525 | ) |
| (20,500 | ) | Stanley Works, strike price $48, expires 08/18/06 | (8,097 | ) |
| (14,000 | ) | Sun Communities, Inc. (REIT), strike price $31.85, expires 08/21/06 | (8,064 | ) |
| (33,000 | ) | Sun Communities, Inc. (REIT), strike price $34, expires 08/31/06 | (3,267 | ) |
| (80,000 | ) | SunTrust Bank, Inc., strike price $76.88, expires 08/18/06 | (200,800 | ) |
| (45,000 | ) | SunTrust Bank, Inc., strike price $78.70, expires 08/31/06 | (65,025 | ) |
| (33,000 | ) | Synovus Financial Corp., strike price $27, expires 08/30/06 | (47,916 | ) |
| (34,000 | ) | Synovus Financial Corp., strike price $28.50, expires 10/17/06 | (28,965 | ) |
| (100 | ) | T. Rowe Price Group, Inc., strike price $40, expires 10/21/06 | (26,750 | ) |
| (31,000 | ) | T. Rowe Price Group, Inc., strike price $40.30, expires 08/18/06 | (64,418 | ) |
| (46,000 | ) | T. Rowe Price Group, Inc., strike price $41.75, expires 10/31/06 | (84,037 | ) |
| (337 | ) | TD Banknorth, Inc., strike price $29.50, expires 08/07/06 | (2,696 | ) |
| (45,000 | ) | TD Banknorth, Inc., strike price $29.75, expires 10/31/06 | (24,480 | ) |
| (22,000 | ) | United Dominion Realty Trust, Inc. (REIT), strike price $27, expires 08/18/06 | (24,662 | ) |
| (20,000 | ) | United Dominion Realty Trust, Inc. (REIT), strike price $27.30, expires 08/18/06 | (18,517 | ) |
| (20,000 | ) | United Dominion Realty Trust, Inc. (REIT), strike price $28.06, expires 09/15/06 | (14,360 | ) |
| (30,000 | ) | Vectren Corp., strike price $28.07, expires 09/29/06 | (12,510 | ) |
| (50,000 | ) | Vectren Corp., strike price $28.60, expires 09/30/06 | (12,150 | ) |
| (775 | ) | Washington Federal, Inc., strike price $23.63, expires 08/16/06 | (11,625 | ) |
| (190,000 | ) | Washington Mutual, Inc., strike price $45, expires 08/18/06 | (117,686 | ) |
| (101,000 | ) | Washington Mutual, Inc., strike price $46.12, expires 09/19/06 | (65,650 | ) |
| (286,000 | ) | Washington Mutual, Inc., strike price $46.29, expires 08/31/06 | (107,536 | ) |
| (103,000 | ) | Wells Fargo & Co., strike price $67.68, expires 08/18/06 | (467,723 | ) |
| (157,000 | ) | Wells Fargo & Co., strike price $70, expires 09/15/06 | (487,799 | ) |
| (99,000 | ) | Wells Fargo & Co., strike price $71.20, expires 08/31/06 | (189,783 | ) |
| (235 | ) | WPS Resources Corp., strike price $50, expires 08/19/06 | (47,000 | ) |
| Total Outstanding Call Options Written (premium received ($10,858,733)) | (21,001,787 | ) | ||
| OUTSTANDING PUT OPTIONS WRITTEN—0.0% | ||||
| (50 | ) | Chevron Corp., strike price $65, expires 08/19/06 | (5,750 | ) |
| (500 | ) | Citigroup, Inc., strike price $46, expires 08/31/06 | (10,500 | ) |
| (850 | ) | General Electric Co., strike price $32.50, expires 08/19/06 | (25,500 | ) |
| Total Outstanding Put Options Written (premium received ($79,072)) | (41,750 | ) | ||
| Total outstanding options written (premium received ($10,937,805)) | (21,043,537 | ) | ||
| Total investments net of outstanding options written—99.5% | $ 997,165,661 | |||
| Other assets in excess of liabilities—0.5% | 4,640,993 | |||
| Net Assets—100.0% | $1,001,806,654 | |||
| 1 | Security, or a portion thereof, pledged as collateral for outstanding options written. | |
| 2 | Cost for Federal income tax purposes is $994,887,825. The net unrealized appreciation on a tax basis is $23,321,373, consisting of $38,550,001 gross unrealized appreciation and $15,228,628 gross unrealized depreciation. | |
| A category may contain multiple industries as defined by the SEC’s Standard Industry Codes. | ||
5
(a) The Registrant's principal executive and principal financial officers have evaluated the Registrant's disclosure controls and procedures within 90 days of this filing and have concluded, as of that date, that the Registrant’s disclosure controls and procedures were reasonably designed to ensure that information required to be disclosed by the Registrant in this Form N-Q was recorded, processed, summarized, and reported within the required time periods and that information to be disclosed by the Registrant in this Form N-Q was accumulated and communicated to the Registrant’s management, including its principal executive and principal financial officers, as appropriate, to allow timely decisions regarding required disclosure.
(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 (17 CFR 270.30a -3(d)) 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.Separate certifications of the Registrant’s Principal Executive and Financial Officers pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 are attached as EX-99.CERT.
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.
(Registrant) BlackRock Enhanced Dividend Achievers(TM) Trust
By: /s/ Henry Gabbay
Name: Henry Gabbay
Title: Treasurer and Principal Financial Officer
Date: September 27, 2006
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/ Robert S. Kapito
Name: Robert S. Kapito
Title: President and Principal Executive Officer
Date: September 27, 2006
By: /s/ Henry Gabbay
Name: Henry Gabbay
Title: Treasurer and Principal Financial Officer
Date: September 27, 2006