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™ Trust |
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Registrant's telephone number, including area code: 888-825-2257
Date of fiscal year end: October 31, 2007
Date of reporting period: January 31, 2007
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)
JANUARY 31, 2007
BlackRock Enhanced Dividend Achievers™ Trust (BDJ)
(Percentage of Net
Assets)
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| LONG-TERM INVESTMENTS—98.5% | ||||
| Common Stocks—98.5% | ||||
| Basic Materials—1.2% | ||||
| 89,200 | PPG Industries, Inc. |
$
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5,913,068 | |
| 282,500 | RPM Intl., Inc. | 6,562,475 | ||
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| Total Basic Materials | 12,475,543 | |||
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| Conglomerates—4.1% | ||||
| 1,181,000 | General Electric Co. | 42,715,267 | ||
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| Consumer Products—14.9% | ||||
| 596,900 | 1 | Altria Group, Inc. | 52,163,091 | |
| 107,200 | 1 | Anheuser-Busch Cos., Inc. | 5,463,984 | |
| 1,029,000 | 1 | Coca-Cola Co. (The) | 49,268,520 | |
| 728,900 | ConAgra Foods, Inc. | 18,740,019 | ||
| 3,900 | 2 | Hanesbrands, Inc. | 99,762 | |
| 55,600 | Kimberly-Clark Corp. | 3,858,640 | ||
| 157,400 | La-Z-Boy, Inc. | 2,027,312 | ||
| 107,500 | McDonald’s Corp. | 4,767,625 | ||
| 910,000 | Sara Lee Corp. | 15,606,500 | ||
| 84,200 | Stanley Works (The) | 4,821,292 | ||
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| Total Consumer Products | 156,816,745 | |||
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| Energy—13.5% | ||||
| 188,000 | 1 | Atmos Energy Corp. | 5,873,120 | |
| 133,900 | 1 | Black Hills Corp. | 4,963,673 | |
| 720,200 | 1 | Chevron Corp. | 52,488,176 | |
| 425,400 | Consolidated Edison, Inc. | 20,538,312 | ||
| 187,600 | Exxon Mobil Corp. | 13,901,160 | ||
| 78,900 | National Fuel Gas Co. | 3,210,441 | ||
| 87,500 | Otter Tail Corp. | 2,828,875 | ||
| 188,800 | Peoples Energy Corp. | 8,222,240 | ||
| 117,000 | Pinnacle West Capital Corp. | 5,708,430 | ||
| 370,500 | Progress Energy, Inc. | 17,613,570 | ||
| 144,700 | Vectren Corp. | 4,068,964 | ||
| 41,400 | WPS Resources Corp. | 2,196,270 | ||
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| Total Energy | 141,613,231 | |||
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| Financial Institutions—37.3% | ||||
| 41,600 | 1 | Allstate Corp. | 2,502,656 | |
| 182,700 | Arthur J. Gallagher & Co. | 5,238,009 | ||
| 206,800 | BancorpSouth, Inc. | 5,238,244 | ||
| 972,800 | 1 | Bank of America Corp. | 51,149,824 | |
| 349,400 | 1 | BB&T Corp. | 14,765,644 | |
| 52,183 | Capital One Financial Corp. | 4,195,513 | ||
| 91,300 | 1 | Chemical Financial Corp. | 2,720,740 | |
| 955,600 | Citigroup, Inc. | 52,682,228 | ||
| 68,591 | Citizens Banking Corp. | 1,681,165 | ||
| 294,700 | Comerica, Inc. | 17,475,710 | ||
| 620,600 | Fifth Third Bancorp | 24,761,940 | ||
| 174,800 | FirstMerit Corp. | 3,936,496 | ||
| 36,600 | Freddie Mac | 2,376,438 | ||
| 293,701 | Fulton Financial Corp. | 4,699,216 | ||
| 194,300 | KeyCorp | 7,416,431 | ||
| 259,874 | Lincoln National Corp. | 17,447,940 | ||
| 483,100 | National City Corp. | 18,285,335 | ||
| 129,600 | Old Republic Intl. Group | 2,890,080 | ||
| 511,760 | Regions Financial Corp. | 18,556,418 | ||
| 76,900 | S&T Bancorp, Inc. | 2,665,354 | ||
| 219,200 | SunTrust Banks, Inc. | 18,215,520 | ||
| 115,200 | Synovus Financial Corp. | 3,678,336 | ||
| 144,800 | T. Rowe Price Group, Inc. | 6,948,952 | ||
| 63,147 | TD Banknorth, Inc. | 2,036,491 | ||
| 230,350 | Washington Federal, Inc. | 5,341,817 | ||
| 1,074,100 | Washington Mutual, Inc. | 47,894,119 | ||
1
BlackRock Enhanced Dividend Achievers™ Trust (BDJ) (continued)
(Percentage of Net Assets)
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| Financial Institutions—(cont’d) | |||||
| 1,283,162 | Wells Fargo & Co. |
$
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46,091,179 | ||
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| Total Financial Institutions | 390,891,795 | ||||
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| Health Care—14.2% | |||||
| 96,800 | 1 | Abbott Laboratories | 5,130,400 | ||
| 858,100 | Eli Lilly & Co. | 46,440,372 | |||
| 97,300 | Johnson & Johnson | 6,499,640 | |||
| 958,612 | Merck & Co., Inc. | 42,897,887 | |||
| 1,813,300 | 1 | Pfizer, Inc. | 47,580,992 | ||
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| Total Health Care | 148,549,291 | ||||
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| Industrials—1.1% | |||||
| 82,400 | 3M Co. | 6,122,320 | |||
| 414,100 | ServiceMaster Co. | 5,404,005 | |||
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| Total Industrials | 11,526,325 | ||||
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| Real Estate Investment Trust—5.5% | |||||
| 53,000 | Colonial Properties Trust | 2,604,950 | |||
| 142,800 | Duke Realty Corp. | 6,300,336 | |||
| 180,700 | General Growth Properties, Inc. | 11,116,664 | |||
| 169,200 | Health Care Property Investors, Inc. | 6,979,500 | |||
| 119,900 | Healthcare Realty Trust, Inc. | 5,081,362 | |||
| 54,000 | Home Properties, Inc. | 3,471,660 | |||
| 72,700 | Kimco Realty Corp. | 3,605,920 | |||
| 144,700 | Lexington Realty Trust | 3,079,216 | |||
| 55,100 | Liberty Property Trust | 2,850,874 | |||
| 121,800 | National Retail Properties, Inc. | 2,892,750 | |||
| 60,100 | Prologis | 3,906,500 | |||
| 83,200 | Sun Communities, Inc. | 2,629,952 | |||
| 102,400 | United Dominion Realty Trust, Inc. | 3,357,696 | |||
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| Total Real Estate Investment Trust | 57,877,380 | ||||
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| Technology—1.0% | |||||
| 53,100 | Intl. Business Machines Corp. | 5,264,865 | |||
| 110,500 | Pitney Bowes, Inc. | 5,289,635 | |||
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| Total Technology | 10,554,500 | ||||
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| Telecommunications—5.7% | |||||
| 62,200 | Alltel Corp. | 3,812,238 | |||
| 1,499,900 | 1 | AT&T, Inc. | 56,441,237 | ||
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| Total Telecommunications | 60,253,475 | ||||
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| Total Common Stocks (cost $983,870,644) | 1,033,273,552 | ||||
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| MONEY MARKET FUND—2.0% | |||||
| 21,652,015 | Fidelity Institutional Money Market Prime Portfolio (cost $21,652,015) | 21,652,015 | |||
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| Total investments before outstanding options written (cost $1,005,522,6593) | 1,054,925,567 | ||||
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| Contracts | |||||
| OUTSTANDING CALL OPTIONS WRITTEN—(1.2)% | |||||
| (195 | ) | 3M Co., strike price $80, expires 02/19/07 | (975 | ) | |
| (250 | ) | 3M Co., strike price $80, expires 04/23/07 | (12,500 | ) | |
| (530 | ) | Abbott Laboratories, strike price $48.75, expires 02/23/07 | (237,146 | ) | |
| (22,900 | ) | Allstate Corp., strike price $66.69, expires 03/16/07 | (229 | ) | |
| (340 | ) | Alltel Corp., strike price $63.50, expires 03/28/07 | (54,353 | ) | |
| (54,000 | ) | Altria Group, Inc., strike price $87.11, expires 02/16/07 | (80,136 | ) | |
| (205,000 | ) | Altria Group, Inc., strike price $87.75, expires 04/20/07 | (538,330 | ) | |
| (50,000 | ) | Altria Group, Inc., strike price $87.97, expires 03/30/07 | (131,300 | ) | |
| (20,000 | ) | Altria Group, Inc., strike price $90, expires 03/16/07 | (18,354 | ) | |
| (264 | ) | Anheuser-Busch Cos., Inc., strike price $50, expires 02/19/07 | (34,320 | ) | |
| (330 | ) | Anheuser-Busch Cos., Inc., strike price $50, expires 03/19/07 | (52,800 | ) | |
| (46,000 | ) | Arthur J. Gallagher & Co., strike price $29, expires 04/20/07 | (32,959 | ) | |
| (55,000 | ) | Arthur J. Gallagher & Co., strike price $30.14, expires 03/16/07 | (6,999 | ) | |
| (150 | ) | AT&T, Inc., strike price $35, expires 02/19/07 | (42,000 | ) | |
| (1,770 | ) | AT&T, Inc., strike price $35, expires 04/23/07 | (531,000 | ) | |
| (455,000 | ) | AT&T, Inc., strike price $35.05, expires 03/30/07 | (1,415,505 | ) | |
| (1,780 | ) | AT&T, Inc., strike price $36, expires 02/23/07 | (346,794 | ) | |
| (103,600 | ) | Atmos Energy Corp., strike price $31.79, expires 03/30/07 | (45,947 | ) | |
2
BlackRock Enhanced Dividend Achievers™ Trust (BDJ) (continued)
(Percentage of Net Assets)
| Contracts |
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Value | |||
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| OUTSTANDING CALL OPTIONS WRITTEN—(cont’d) | |||||
| (340 | ) | BancorpSouth, Inc., strike price $26, expires 02/08/07 | $ |
(2,144 | ) |
| (100,000 | ) | Bank of America Corp., strike price $54.80, expires 02/16/07 | (580 | ) | |
| (300,000 | ) | Bank of America Corp., strike price $54.80, expires 03/30/07 | (94,596 | ) | |
| (81,500 | ) | Bank of America Corp., strike price $54.80, expires 04/20/07 | (34,961 | ) | |
| (105,000 | ) | Bank of America Corp., strike price $54.85, expires 03/16/07 | (16,800 | ) | |
| (220 | ) | Bank of America Corp., strike price $55, expires 05/21/07 | (15,400 | ) | |
| (100,000 | ) | BB&T Corp., strike price $44.18, expires 02/16/07 | (600 | ) | |
| (920 | ) | BB&T Corp., strike price $44.25, expires 03/09/07 | (13,013 | ) | |
| (20,000 | ) | Black Hills Corp., strike price $35.40, expires 02/15/07 | (30,962 | ) | |
| (300 | ) | Black Hills Corp., strike price $37.50, expires 02/23/07 | (17,232 | ) | |
| (250 | ) | Black Hills Corp., strike price $37.50, expires 03/23/07 | (24,888 | ) | |
| (25 | ) | Capital One Financial Corp., strike price $80, expires 02/19/07 | (4,250 | ) | |
| (260 | ) | Capital One Financial Corp., strike price $80, expires 03/19/07 | (70,200 | ) | |
| (50,000 | ) | Chemical Financial Corp., strike price $32.81, expires 02/09/07 | (1 | ) | |
| (57,000 | ) | Chevron Corp., strike price $73, expires 03/16/07 | (111,264 | ) | |
| (310,000 | ) | Chevron Corp., strike price $73, expires 03/30/07 | (734,189 | ) | |
| (310 | ) | Chevron Corp., strike price $76, expires 02/28/07 | (18,140 | ) | |
| (250 | ) | Citigroup, Inc., strike price $55, expires 03/19/07 | (25,000 | ) | |
| (139,000 | ) | Citigroup, Inc., strike price $55, expires 03/30/07 | (176,683 | ) | |
| (280,000 | ) | Citigroup, Inc., strike price $55.20, expires 02/16/07 | (82,320 | ) | |
| (820 | ) | Coca-Cola Co. (The), strike price $46.88, expires 02/08/07 | (92,700 | ) | |
| (120,000 | ) | Coca-Cola Co. (The), strike price $48.75, expires 03/30/07 | (62,640 | ) | |
| (264,000 | ) | Coca-Cola Co. (The), strike price $49.18, expires 03/16/07 | (70,932 | ) | |
| (14,000 | ) | Colonial Properties Trust, strike price $46.54, expires 03/16/07 | (35,798 | ) | |
| (15,000 | ) | Colonial Properties Trust, strike price $47.92, expires 02/16/07 | (15,219 | ) | |
| (450 | ) | Comerica, Inc., strike price $58.75, expires 02/08/07 | (40,517 | ) | |
| (700 | ) | Comerica, Inc., strike price $60, expires 04/23/07 | (87,500 | ) | |
| (50,000 | ) | Comerica, Inc., strike price $60.05, expires 03/16/07 | (35,445 | ) | |
| (201,300 | ) | ConAgra Foods, Inc., strike price $26.15, expires 02/16/07 | (44,427 | ) | |
| (99,600 | ) | ConAgra Foods, Inc., strike price $27.02, expires 03/30/07 | (26,274 | ) | |
| (1,000 | ) | ConAgra Foods, Inc., strike price $28, expires 03/09/07 | (6,265 | ) | |
| (139,000 | ) | Consolidated Edison, Inc., strike price $48.25, expires 02/09/07 | (64,218 | ) | |
| (21,000 | ) | Consolidated Edison, Inc., strike price $48.25, expires 03/16/07 | (16,310 | ) | |
| (79,000 | ) | Duke Realty Corp., strike price $42.80, expires 03/16/07 | (133,194 | ) | |
| (250 | ) | Eli Lilly & Co., strike price $53.25, expires 04/05/07 | (56,853 | ) | |
| (3,088 | ) | Eli Lilly & Co., strike price $55, expires 04/23/07 | (339,680 | ) | |
| (313 | ) | Exxon Mobil Corp., strike price $75, expires 02/19/07 | (25,040 | ) | |
| (720 | ) | Exxon Mobil Corp., strike price $80, expires 02/19/07 | (3,600 | ) | |
| (660 | ) | Fifth Third Bancorp, strike price $40.25, expires 03/30/07 | (60,671 | ) | |
| (114,000 | ) | Fifth Third Bancorp, strike price $40.86, expires 02/16/07 | (12,768 | ) | |
| (158,000 | ) | Fifth Third Bancorp, strike price $41.10, expires 02/20/07 | (16,432 | ) | |
| (11,200 | ) | FirstMerit Corp., strike price $24.15, expires 02/23/07 | (1,035 | ) | |
| (200 | ) | Freddie Mac, strike price $65, expires 02/19/07 | (17,000 | ) | |
| (40,000 | ) | Fulton Financial Corp., strike price $16.55, expires 03/16/07 | (5,120 | ) | |
| (40,000 | ) | Fulton Financial Corp., strike price $16.80, expires 03/16/07 | (3,760 | ) | |
| (80,000 | ) | Fulton Financial Corp., strike price $17.25, expires 03/31/07 | (2,576 | ) | |
| (50,000 | ) | General Electric Co., strike price $37.70, expires 03/30/07 | (12,243 | ) | |
| (305,000 | ) | General Electric Co., strike price $37.70, expires 04/20/07 | (113,100 | ) | |
| (205,500 | ) | General Electric Co., strike price $37.83, expires 02/16/07 | (5,549 | ) | |
| (53,000 | ) | General Growth Properties, Inc., strike price $52.68, expires 02/28/07 | (468,520 | ) | |
| (470 | ) | General Growth Properties, Inc., strike price $55, expires 04/23/07 | (361,900 | ) | |
| (39 | ) | Hanesbrands, Inc., strike price $25, expires 02/19/07 | (4,290 | ) | |
| (94,000 | ) | Health Care Property Investors, Inc., strike price $36.07, expires 02/16/07 | (486,920 | ) | |
| (34,000 | ) | Healthcare Realty Trust, Inc., strike price $40, expires 02/16/07 | (65,008 | ) | |
| (32,000 | ) | Healthcare Realty Trust, Inc., strike price $41, expires 04/30/07 | (69,696 | ) | |
| (30,000 | ) | Home Properties, Inc., strike price $63.20, expires 03/28/07 | (70,620 | ) | |
| (29,200 | ) | Intl. Business Machines Corp., strike price $102, expires 03/23/07 | (30,590 | ) | |
| (270 | ) | Johnson & Johnson, strike price $66, expires 02/22/07 | (36,289 | ) | |
| (270 | ) | Johnson & Johnson, strike price $66, expires 03/07/07 | (44,123 | ) | |
| (490 | ) | KeyCorp, strike price $37.50, expires 03/19/07 | (56,350 | ) | |
| (58,000 | ) | KeyCorp, strike price $37.90, expires 03/30/07 | (54,816 | ) | |
| (21,000 | ) | Kimberly-Clark Corp., strike price $69.15, expires 04/20/07 | (39,711 | ) | |
| (350 | ) | Kimco Realty Corp., strike price $49, expires 03/23/07 | (72,674 | ) | |
| (50 | ) | Kimco Realty Corp., strike price $50, expires 04/23/07 | (9,000 | ) | |
| (25,000 | ) | La-Z-Boy, Inc., strike price $12.75, expires 03/14/07 | (16,525 | ) | |
3
BlackRock Enhanced Dividend Achievers™ Trust (BDJ) (continued)
(Percentage of Net Assets)
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| OUTSTANDING CALL OPTIONS WRITTEN—(cont’d) | |||||
| (20,000 | ) | La-Z-Boy, Inc., strike price $13.10, expires 03/16/07 |
$
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(13,220 | ) |
| (25,000 | ) | Lexington Realty Trust, strike price $21.92, expires 03/16/07 | (8,975 | ) | |
| (20,000 | ) | Lexington Realty Trust, strike price $22.85, expires 02/16/07 | (240 | ) | |
| (300 | ) | Liberty Property Trust, strike price $50, expires 02/19/07 | (63,000 | ) | |
| (850 | ) | Lincoln National Corp., strike price $66.50, expires 03/30/07 | (205,691 | ) | |
| (350 | ) | McDonald’s Corp., strike price $45, expires 02/16/07 | (14,000 | ) | |
| (240 | ) | McDonald’s Corp., strike price $45, expires 03/19/07 | (19,200 | ) | |
| (100,000 | ) | Merck & Co., Inc., strike price $43.75, expires 02/16/07 | (134,800 | ) | |
| (100,000 | ) | Merck & Co., Inc., strike price $44.25, expires 02/23/07 | (112,748 | ) | |
| (1,500 | ) | Merck & Co., Inc., strike price $45, expires 02/19/07 | (97,500 | ) | |
| (1,200 | ) | Merck & Co., Inc., strike price $45, expires 04/23/07 | (174,000 | ) | |
| (57,500 | ) | Merck & Co., Inc., strike price $45.85, expires 03/30/07 | (51,175 | ) | |
| (115,500 | ) | National City Corp., strike price $36.24, expires 03/30/07 | (260,198 | ) | |
| (115,500 | ) | National City Corp., strike price $36.24, expires 04/20/07 | (251,213 | ) | |
| (35,000 | ) | National City Corp., strike price $37.13, expires 02/16/07 | (30,886 | ) | |
| (43,500 | ) | National Fuel Gas Co., strike price $39.74, expires 02/16/07 | (50,640 | ) | |
| (29,000 | ) | National Retail Properties, Inc., strike price $23.10, expires 02/28/07 | (24,969 | ) | |
| (38,000 | ) | National Retail Properties, Inc., strike price $23.65, expires 03/16/07 | (30,780 | ) | |
| (24,000 | ) | Old Republic Intl. Group, strike price $22.75, expires 04/20/07 | (13,510 | ) | |
| (23,000 | ) | Old Republic Intl. Group, strike price $23, expires 02/15/07 | (2,576 | ) | |
| (24,000 | ) | Old Republic Intl. Group, strike price $23.20, expires 03/16/07 | (4,838 | ) | |
| (32,000 | ) | Otter Tail Corp., strike price $31.35, expires 03/30/07 | (57,280 | ) | |
| (15,500 | ) | Otter Tail Corp., strike price $31.97, expires 02/16/07 | (7,933 | ) | |
| (52,000 | ) | Peoples Energy Corp., strike price $44, expires 04/20/07 | (62,660 | ) | |
| (520 | ) | Peoples Energy Corp., strike price $45, expires 02/19/07 | (10,400 | ) | |
| (212,500 | ) | Pfizer, Inc., strike price $26.93, expires 03/16/07 | (60,505 | ) | |
| (1,630 | ) | Pfizer, Inc., strike price $27, expires 03/23/07 | (78,473 | ) | |
| (500 | ) | Pfizer, Inc., strike price $27, expires 04/13/07 | (31,531 | ) | |
| (1,730 | ) | Pfizer, Inc., strike price $27.50, expires 02/19/07 | (8,650 | ) | |
| (227,000 | ) | Pfizer, Inc., strike price $27.50, expires 03/30/07 | (63,151 | ) | |
| (172,000 | ) | Pfizer, Inc., strike price $28, expires 02/07/07 | (516 | ) | |
| (645 | ) | Pinnacle West Capital Corp., strike price $50.75, expires 02/23/07 | (5,125 | ) | |
| (21,000 | ) | Pitney Bowes, Inc., strike price $46.50, expires 02/16/07 | (29,463 | ) | |
| (20,300 | ) | Pitney Bowes, Inc., strike price $48, expires 02/16/07 | (7,779 | ) | |
| (200 | ) | Pitney Bowes, Inc., strike price $50, expires 04/23/07 | (7,000 | ) | |
| (40 | ) | PPG Industries, Inc., strike price $65, expires 02/19/07 | (7,400 | ) | |
| (22,500 | ) | PPG Industries, Inc., strike price $68.60, expires 03/16/07 | (9,360 | ) | |
| (22,500 | ) | PPG Industries, Inc., strike price $68.60, expires 03/30/07 | (13,995 | ) | |
| (61,600 | ) | Progress Energy, Inc., strike price $47.36, expires 02/16/07 | (41,087 | ) | |
| (142,000 | ) | Progress Energy, Inc., strike price $48.17, expires 03/30/07 | (114,878 | ) | |
| (330 | ) | Prologis, strike price $65, expires 04/23/07 | (87,450 | ) | |
| (91,000 | ) | Regions Financial Corp., strike price $36.25, expires 03/30/07 | (73,892 | ) | |
| (1,000 | ) | Regions Financial Corp., strike price $37.63, expires 02/23/07 | (14,817 | ) | |
| (62,000 | ) | RPM Intl., Inc., strike price $20.55, expires 02/15/07 | (162,522 | ) | |
| (66,000 | ) | RPM Intl., Inc., strike price $21.70, expires 03/13/07 | (114,114 | ) | |
| (28,000 | ) | RPM Intl., Inc., strike price $22.73, expires 03/16/07 | (26,404 | ) | |
| (15,000 | ) | S&T Bancorp, Inc., strike price $35.19, expires 03/16/07 | (12,446 | ) | |
| (12,000 | ) | S&T Bancorp, Inc., strike price $35.25, expires 02/07/07 | (1,608 | ) | |
| (3,200 | ) | Sara Lee Corp., strike price $17.50, expires 02/19/07 | (64,000 | ) | |
| (1,805 | ) | Sara Lee Corp., strike price $17.50, expires 04/23/07 | (81,225 | ) | |
| (71,000 | ) | ServiceMaster Co., strike price $12.71, expires 03/16/07 | (57,004 | ) | |
| (29,000 | ) | ServiceMaster Co., strike price $13.40, expires 04/20/07 | (13,453 | ) | |
| (73,000 | ) | ServiceMaster Co., strike price $13.45, expires 04/05/07 | (31,297 | ) | |
| (55,500 | ) | ServiceMaster Co., strike price $13.60, expires 02/16/07 | (2,275 | ) | |
| (210 | ) | Stanley Works (The), strike price $52.50, expires 04/23/07 | (128,100 | ) | |
| (252 | ) | Stanley Works (The), strike price $55, expires 04/23/07 | (105,840 | ) | |
| (14,000 | ) | Sun Communities, Inc., strike price $33.30, expires 04/11/07 | (4,663 | ) | |
| (31,750 | ) | Sun Communities, Inc., strike price $35, expires 04/30/07 | (3,715 | ) | |
| (770 | ) | SunTrust Banks, Inc., strike price $85, expires 02/19/07 | (19,250 | ) | |
| (440 | ) | SunTrust Banks, Inc., strike price $85, expires 04/23/07 | (68,200 | ) | |
| (330 | ) | Synovus Financial Corp., strike price $30, expires 02/19/07 | (70,950 | ) | |
| (30,000 | ) | Synovus Financial Corp., strike price $31.75, expires 03/30/07 | (24,285 | ) | |
| (425 | ) | T. Rowe Price Group, Inc., strike price $45, expires 02/19/07 | (157,250 | ) | |
| (28,000 | ) | T. Rowe Price Group, Inc., strike price $46, expires 02/08/07 | (49,161 | ) | |
| (100 | ) | T. Rowe Price Group, Inc., strike price $50, expires 04/23/07 | (12,000 | ) | |
4
BlackRock Enhanced Dividend Achievers™ Trust (BDJ) (continued)
(Percentage of Net Assets)
| Contracts | Description | Value | |||
|
|
|
|
|
|
|
| OUTSTANDING CALL OPTIONS WRITTEN—(cont’d) | |||||
| (19,000 | ) | United Dominion Realty Trust, Inc., strike price $32.06, expires 04/20/07 | $ | (26,104 | ) |
| (375 | ) | United Dominion Realty Trust, Inc., strike price $32.25, expires 03/23/07 | (45,766 | ) | |
| (40,000 | ) | Vectren Corp., strike price $27.75, expires 04/20/07 | (16,440 | ) | |
| (40,000 | ) | Vectren Corp., strike price $29, expires 02/23/07 | (16,440 | ) | |
| (48,000 | ) | Washington Federal, Inc., strike price $23.33, expires 02/16/07 | (15,350 | ) | |
| (47,000 | ) | Washington Federal, Inc., strike price $23.79, expires 03/16/07 | (18,001 | ) | |
| (45,000 | ) | Washington Mutual, Inc., strike price $43.50, expires 02/08/07 | (53,105 | ) | |
| (750 | ) | Washington Mutual, Inc., strike price $45, expires 04/23/07 | (101,250 | ) | |
| (145,000 | ) | Washington Mutual, Inc., strike price $45.85, expires 02/20/07 | (13,514 | ) | |
| (192,000 | ) | Washington Mutual, Inc., strike price $45.85, expires 03/30/07 | (121,594 | ) | |
| (134,000 | ) | Washington Mutual, Inc., strike price $45.85, expires 04/20/07 | (125,210 | ) | |
| (201,000 | ) | Wells Fargo & Co., strike price $36.15, expires 02/16/07 | (57,084 | ) | |
| (199,000 | ) | Wells Fargo & Co., strike price $36.35, expires 03/30/07 | (128,892 | ) | |
| (306,000 | ) | Wells Fargo & Co., strike price $36.35, expires 04/20/07 | (263,221 | ) | |
| (230 | ) | WPS Resources Corp., strike price $55, expires 02/19/07 | (5,750 | ) | |
|
|
|
||||
| Total Outstanding Call Options Written (premium received ($12,035,998)) | (12,923,755 | ) | |||
|
|
|
||||
| Total investments net of outstanding options written—99.3% | $ | 1,042,001,812 | |||
| Other assets in excess of liabilities—0.7% | 7,065,279 | ||||
|
|
|
||||
| Net Assets—100.0% | $ | 1,049,067,091 | |||
|
|
|
||||
| 1 | Security, or a portion thereof, pledged as collateral for outstanding options written. |
| 2 | Non-income producing security. |
| 3 | Cost for federal income tax purposes is $1,022,322,174. The net unrealized appreciation on a tax basis is $32,603,393, consisting of $36,794,716 gross unrealized appreciation and $4,191,323 gross unrealized depreciation. |
| For Trust compliance purposes, the Trust’s sector and industry classifications refer to any one or more of the Standard Industry Codes as defined by the SEC. This definition may not apply for purposes of this report, which may combine sector and industry sub-classifications for reporting ease. | |
5
Item 2. Controls and Procedures.
(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.
SIGNATURES
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™ Trust |
By: /s/ Donald C. Burke
Name: Donald C. Burke
Title: Treasurer and Principal Financial Officer
Date: March 28, 2007
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: March 28, 2007
By: /s/ Donald C. Burke
Name: Donald C. Burke
Title: Treasurer and Principal Financial Officer
Date: March 28, 2007