UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number 811-21784

Name of Fund: BlackRock Enhanced Dividend Achievers™ Trust (BDJ)

Fund Address: 100 Bellevue Parkway, Wilmington, DE 19809

Name and address of agent for service: Anne F. Ackerley, Chief Executive Officer, BlackRock Enhanced Dividend Achievers™ 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: 10/31/2010

Date of reporting period: 07/31/2010

Item 1 – Schedule of Investments

 

 

Schedule of Investments July 31, 2010 (Unaudited)

BlackRock Enhanced Dividend Achievers™ Trust (BDJ)
 (Percentages shown are based on Net Assets)

 

 

 

 

 

 

 

 

Common Stocks

 

Shares

 

Value

 

Aerospace & Defense—5.2%

 

 

 

 

 

 

 

General Dynamics Corp.

 

 

195,500

 

$

11,974,375

 

Raytheon Co.

 

 

144,900

 

 

6,704,523

 

United Technologies Corp.

 

 

161,100

 

 

11,454,210

 

 

 

 

 

 

 

 

 

 

 

 

 

30,133,108

 

Beverages—6.6%

 

 

 

 

 

 

 

Brown-Forman Corp., Class B

 

 

133,700

 

 

8,451,177

 

Coca-Cola Co. (The)

 

 

276,200

 

 

15,221,382

 

PepsiCo, Inc.

 

 

219,000

 

 

14,215,290

 

 

 

 

 

 

 

 

 

 

 

 

 

37,887,849

 

Capital Markets—0.6%

 

 

 

 

 

 

 

T. Rowe Price Group, Inc.

 

 

68,700

 

 

3,313,401

 

Chemicals—3.8%

 

 

 

 

 

 

 

Air Products & Chemicals, Inc.

 

 

30,500

 

 

2,213,690

 

E.I. du Pont de Nemours & Co.

 

 

213,600

 

 

8,687,112

 

PPG Industries, Inc.

 

 

68,450

 

 

4,755,222

 

RPM International, Inc.

 

 

219,400

 

 

4,118,138

 

Valspar Corp.

 

 

59,600

 

 

1,872,036

 

 

 

 

 

 

 

 

 

 

 

 

 

21,646,198

 

Commercial Banks—2.0%

 

 

 

 

 

 

 

Bank of Hawaii Corp.

 

 

61,400

 

 

3,058,334

 

Cullen/Frost Bankers, Inc.

 

 

52,500

 

 

2,898,525

 

Toronto-Dominion Bank (The)

 

 

40,000

 

 

2,847,600

 

U.S. Bancorp

 

 

107,900

 

 

2,578,810

 

 

 

 

 

 

 

 

 

 

 

 

 

11,383,269

 

Commercial Services & Supplies—0.6%

 

 

 

 

 

 

 

Pitney Bowes, Inc.

 

 

145,546

 

 

3,552,778

 

Computers & Peripherals—4.8%

 

 

 

 

 

 

 

Hewlett-Packard Co.

 

 

57,800

 

 

2,661,112

 

International Business Machines Corp.

 

 

196,200

 

 

25,192,080

 

 

 

 

 

 

 

 

 

 

 

 

 

27,853,192

 

Diversified Financial Services—2.0%

 

 

 

 

 

 

 

JPMorgan Chase & Co.

 

 

287,900

 

 

11,596,612

 

Diversified Telecommunication—4.6%

 

 

 

 

 

 

 

AT&T Inc.

 

 

697,300

 

 

18,087,962

 

CenturyTel, Inc.

 

 

231,000

 

 

8,228,220

 

 

 

 

 

 

 

 

 

 

 

 

 

26,316,182

 

Electric Utilities—4.2%

 

 

 

 

 

 

 

NextEra Energy, Inc.

 

 

117,000

 

 

6,119,100

 

Northeast Utilities

 

 

280,400

 

 

7,806,336

 

PPL Corp.

 

 

86,700

 

 

2,366,043

 

Progress Energy, Inc.

 

 

185,400

 

 

7,807,194

 

 

 

 

 

 

 

 

 

 

 

 

 

24,098,673

 

Electrical Equipment—2.1%

 

 

 

 

 

 

 

Emerson Electric Co.

 

 

245,300

 

 

12,152,162

 

Energy Equipment & Services—0.7%

 

 

 

 

 

 

 

Halliburton Co.

 

 

131,300

 

 

3,923,244

 

Food & Staples Retailing—1.8%

 

 

 

 

 

 

 

Sysco Corp.

 

 

104,300

 

 

3,230,171

 

Wal-Mart Stores, Inc.

 

 

145,400

 

 

7,443,026

 

 

 

 

 

 

 

 

 

 

 

 

 

10,673,197

 

Food Products—1.4%

 

 

 

 

 

 

 

General Mills, Inc.

 

 

141,300

 

 

4,832,460

 

Kraft Food, Inc.

 

 

101,500

 

 

2,964,815

 

 

 

 

 

 

 

 

 

 

 

 

 

7,797,275

 

Gas Utilities—2.3%

 

 

 

 

 

 

 

Atmos Energy Corp.

 

 

127,900

 

 

3,709,100

 

National Fuel Gas Co.

 

 

57,200

 

 

2,748,460

 

Questar Corp.

 

 

209,700

 

 

3,449,565

 

UGI Corp.

 

 

115,500

 

 

3,113,880

 

 

 

 

 

 

 

 

 

 

 

 

 

13,021,005

 

Health Care Equipment & Supplies—2.1%

 

 

 

 

 

 

 

Becton Dickinson & Co.

 

 

45,600

 

 

3,137,280

 

 

 

 

 

 

 

 

 

Common Stocks

 

Shares

 

Value

 

Health Care Equipment & Supplies—(concluded)

 

 

 

 

 

 

 

Medtronic, Inc.

 

 

236,700

 

$

8,750,799

 

 

 

 

 

 

 

 

 

 

 

 

 

11,888,079

 

Hotels Restaurants & Leisure—3.1%

 

 

 

 

 

 

 

McDonald’s Corp.

 

 

257,300

 

 

17,941,529

 

Household Products—6.5%

 

 

 

 

 

 

 

Clorox Co.

 

 

98,500

 

 

6,390,680

 

Colgate-Palmolive Co.

 

 

69,900

 

 

5,520,702

 

Kimberly-Clark Corp.

 

 

117,700

 

 

7,546,924

 

Procter & Gamble Co. (The)

 

 

296,600

 

 

18,140,056

 

 

 

 

 

 

 

 

 

 

 

 

 

37,598,362

 

Industrial Conglomerates—2.3%

 

 

 

 

 

 

 

3M Co.

 

 

115,600

 

 

9,888,424

 

General Electric Co.

 

 

208,500

 

 

3,361,020

 

 

 

 

 

 

 

 

 

 

 

 

 

13,249,444

 

Insurance—2.7%

 

 

 

 

 

 

 

Chubb Corp.

 

 

124,400

 

 

6,547,172

 

Travelers Cos., Inc. (The)

 

 

181,500

 

 

9,156,675

 

 

 

 

 

 

 

 

 

 

 

 

 

15,703,847

 

IT Services—0.7%

 

 

 

 

 

 

 

Automatic Data Processing, Inc.

 

 

62,060

 

 

2,561,216

 

Paychex, Inc.

 

 

57,500

 

 

1,494,425

 

 

 

 

 

 

 

 

 

 

 

 

 

4,055,641

 

Machinery—4.0%

 

 

 

 

 

 

 

Caterpillar, Inc.

 

 

139,600

 

 

9,737,100

 

Deere & Co.

 

 

173,200

 

 

11,548,976

 

Pentair, Inc.

 

 

48,100

 

 

1,645,020

 

 

 

 

 

 

 

 

 

 

 

 

 

22,931,096

 

Media—0.2%

 

 

 

 

 

 

 

McGraw-Hill Cos., Inc. (The)

 

 

46,600

 

 

1,430,154

 

Metals & Mining—1.8%

 

 

 

 

 

 

 

BHP Billiton Ltd. - ADR

 

 

102,900

 

 

7,432,467

 

Nucor Corp.

 

 

82,200

 

 

3,217,308

 

 

 

 

 

 

 

 

 

 

 

 

 

10,649,775

 

Multi-Utilities—0.9%

 

 

 

 

 

 

 

NSTAR

 

 

83,400

 

 

3,099,144

 

Vectren Corp.

 

 

75,700

 

 

1,875,089

 

 

 

 

 

 

 

 

 

 

 

 

 

4,974,233

 

Multiline Retail—1.4%

 

 

 

 

 

 

 

Family Dollar Stores, Inc.

 

 

31,500

 

 

1,302,525

 

Target Corp.

 

 

132,200

 

 

6,784,504

 

 

 

 

 

 

 

 

 

 

 

 

 

8,087,029

 

Oil, Gas & Consumable Fuels—11.2%

 

 

 

 

 

 

 

Chevron Corp.

 

 

271,800

 

 

20,713,878

 

Exxon Mobil Corp.

 

 

311,300

 

 

18,578,384

 

Marathon Oil Corp.

 

 

156,600

 

 

5,238,270

 

Murphy Oil Corp.

 

 

230,300

 

 

12,608,925

 

QEP Resources, Inc.

 

 

209,700

 

 

7,217,874

 

 

 

 

 

 

 

 

 

 

 

 

 

64,357,331

 

Personal Products—0.8%

 

 

 

 

 

 

 

Avon Products, Inc.

 

 

141,100

 

 

4,392,443

 

Pharmaceuticals—9.3%

 

 

 

 

 

 

 

Abbott Laboratories

 

 

378,500

 

 

18,576,780

 

Eli Lilly & Co.

 

 

171,100

 

 

6,091,160

 

Johnson & Johnson (a)

 

 

322,000

 

 

18,704,980

 

Merck & Co., Inc.

 

 

176,900

 

 

6,095,974

 

Pfizer, Inc.

 

 

272,200

 

 

4,083,000

 

 

 

 

 

 

 

 

 

 

 

 

 

53,551,894

 

Semiconductors & Semiconductor Equipment—1.2%

 

 

 

 

 

 

 

Intel Corp.

 

 

196,800

 

 

4,054,080

 

Linear Technology Corp.

 

 

93,600

 

 

2,983,968

 

 

 

 

 

 

 

 

 

 

 

 

 

7,038,048

 


 

 

 

 
       

1

 

    JULY 31, 2010

 

 

Schedule of Investments (continued)

BlackRock Enhanced Dividend Achievers™ Trust (BDJ)
 (Percentages shown are based on Net Assets)

 

 

 

 

 

 

 

 

Common Stocks

 

Shares

 

Value

 

Specialty Retail—2.1%

 

 

 

 

 

 

 

Lowe’s Cos., Inc.

 

 

296,100

 

$

6,141,114

 

Sherwin-Williams Co. (The)

 

 

22,500

 

 

1,555,875

 

TJX Cos., Inc.

 

 

100,300

 

 

4,164,456

 

 

 

 

 

 

 

 

 

 

 

 

 

11,861,445

 

Textiles, Apparel & Luxury Goods—1.0%

 

 

 

 

 

 

 

VF Corp.

 

 

74,200

 

 

5,886,286

 

Tobacco—3.5%

 

 

 

 

 

 

 

Altria Group, Inc.

 

 

659,700

 

 

14,618,952

 

Philip Morris International, Inc.

 

 

52,800

 

 

2,694,912

 

Universal Corp.

 

 

68,461

 

 

3,036,245

 

 

 

 

 

 

 

 

 

 

 

 

 

20,350,109

 

Water Utilities—0.9%

 

 

 

 

 

 

 

Aqua America, Inc.

 

 

173,000

 

 

3,371,770

 

California Water Service Group

 

 

46,700

 

 

1,660,185

 

 

 

 

 

 

 

 

 

 

 

 

 

5,031,955

 

Total Long-Term Investments
(Cost—$593,442,356)—98.4%

 

 

 

 

 

566,326,845

 

 

 

 

 

 

 

 

 

Short-Term Securities

 

 

 

 

 

 

 

BlackRock Liquidity Funds, TempFund,
Institutional Class, 0.23% (b)(c)

 

 

13,812,192

 

 

13,812,192

 

Total Short-Term Securities
(Cost—$13,812,192)—2.4%

 

 

 

 

 

13,812,192

 

Total Investments Before Outstanding Options Written
(Cost—$607,254,548*)—100.8%

 

 

 

 

 

580,139,037

 

 

 

 

 

 

 

 

 

Options Written

 

Contracts

 

 

 

 

Exchange-Traded Call Options Written—(0.9)%

 

 

 

 

 

 

 

3M Co., Strike Price USD 85, Expires
8/23/10

 

 

490

 

 

(90,405

)

Abbott Laboratories, Strike Price USD
48, Expires 8/23/10

 

 

1,500

 

 

(226,500

)

Abbott Laboratories, Strike Price USD
49, Expires 8/23/10

 

 

590

 

 

(49,855

)

Air Products & Chemicals, Inc., Strike
Price USD 75, Expires 9/20/10

 

 

170

 

 

(23,800

)

Altria Group, Inc., Strike Price USD 21,
Expires 8/23/10

 

 

250

 

 

(31,000

)

Aqua America, Inc., Strike Price USD
17.50, Expires 8/23/10

 

 

950

 

 

(197,125

)

Atmos Energy Corp., Strike Price USD
28.50, Expires 8/16/10

 

 

350

 

 

(67,181

)

Avon Products, Inc., Strike Price USD 30,
Expires 8/23/10

 

 

388

 

 

(58,200

)

Avon Products, Inc., Strike Price USD 31,
Expires 8/23/10

 

 

388

 

 

(31,040

)

Becton Dickinson & Co., Strike Price USD
70, Expires 8/23/10

 

 

250

 

 

(18,750

)

BHP Billiton Ltd. - ADR, Strike Price USD
70, Expires 8/23/10

 

 

285

 

 

(100,463

)

BHP Billiton Ltd. - ADR, Strike Price USD
72.50, Expires 8/23/10

 

 

285

 

 

(56,573

)

Brown-Forman Corp., Class B, Strike
Price USD 60, Expires 8/23/10

 

 

730

 

 

(240,900

)

Caterpillar, Inc., Strike Price USD 65,
Expires 8/23/10

 

 

605

 

 

(326,700

)

Caterpillar, Inc., Strike Price USD 67.50,
Expires 8/23/10

 

 

147

 

 

(50,715

)

Clorox Co., Strike Price USD 65, Expires
8/23/10

 

 

250

 

 

(28,125

)

 

 

 

 

 

 

 

 

Options Written

 

Contracts

 

Value

 

Exchange-Traded Call Options Written—(continued)

 

 

 

 

 

 

 

Coca-Cola Co. (The), Strike Price USD
52.50, Expires 8/23/10

 

 

980

 

$

(269,990

)

Coca-Cola Co. (The), Strike Price USD
55, Expires 8/23/10

 

 

540

 

 

(42,660

)

Eli Lilly & Co., Strike Price USD 35,
Expires 8/23/10

 

 

450

 

 

(37,125

)

Eli Lilly & Co., Strike Price USD 36,
Expires 9/20/10

 

 

100

 

 

(5,300

)

Emerson Electric Co., Strike Price USD
47, Expires 8/23/10

 

 

1,350

 

 

(398,250

)

Family Dollar Stores, Inc., Strike Price
USD 38, Expires 8/23/10

 

 

175

 

 

(62,125

)

General Dynamics Corp., Strike Price
USD 60, Expires 9/20/10

 

 

300

 

 

(90,750

)

General Dynamics Corp., Strike Price
USD 65, Expires 8/23/10

 

 

770

 

 

(15,400

)

General Electric Co., Strike Price USD
15, Expires 8/23/10

 

 

290

 

 

(35,960

)

General Electric Co., Strike Price USD
15, Expires 9/20/10

 

 

285

 

 

(40,470

)

General Electric Co., Strike Price USD
16.25, Expires 9/20/10

 

 

570

 

 

(33,616

)

General Mills, Inc., Strike Price USD
39.25, Expires 8/23/10

 

 

420

 

 

(12

)

Halliburton Co., Strike Price USD 31,
Expires 8/23/10

 

 

720

 

 

(39,600

)

Hewlett-Packard Co., Strike Price USD
49, Expires 8/23/10

 

 

320

 

 

(7,680

)

Intel Corp., Strike Price USD 22, Expires
8/23/10

 

 

550

 

 

(4,675

)

International Business Machines Corp.,
Strike Price USD 130, Expires 9/20/10

 

 

500

 

 

(115,500

)

Johnson & Johnson, Strike Price USD 60,
Expires 8/23/10

 

 

1,770

 

 

(31,860

)

Kimberly-Clark Corp., Strike Price USD
62.50, Expires 8/23/10

 

 

650

 

 

(126,750

)

Kraft Food, Inc., Class A, Strike Price
USD 29, Expires 8/23/10

 

 

560

 

 

(37,520

)

Linear Technology Corp., Strike Price
USD 31, Expires 9/20/10

 

 

450

 

 

(76,500

)

Linear Technology Corp., Strike Price
USD 32, Expires 8/23/10

 

 

60

 

 

(3,900

)

Lowe’s Cos., Inc., Strike Price USD 21,
Expires 8/23/10

 

 

375

 

 

(21,562

)

Marathon Oil Corp., Strike Price USD 35,
Expires 8/23/10

 

 

860

 

 

(17,200

)

Medtronic, Inc., Strike Price USD 39,
Expires 8/23/10

 

 

1,300

 

 

(22,100

)

Merck & Co., Inc., Strike Price USD 36,
Expires 8/23/10

 

 

970

 

 

(17,460

)

Murphy Oil Corp., Strike Price USD 50,
Expires 8/23/10

 

 

95

 

 

(47,500

)

Murphy Oil Corp., Strike Price USD
52.50, Expires 8/17/10

 

 

1,170

 

 

(312,658

)

National Fuel Gas Co., Strike Price USD
50, Expires 8/23/10

 

 

310

 

 

(17,825

)

Northeast Utilities, Strike Price USD
25.75, Expires 8/04/10

 

 

780

 

 

(163,020

)

Nucor Corp., Strike Price USD 43,
Expires 8/23/10

 

 

225

 

 

(1,237

)

Nucor Corp., Strike Price USD 44,
Expires 8/23/10

 

 

225

 

 

(450

)

PepsiCo, Inc., Strike Price USD 65,
Expires 8/23/10

 

 

1,200

 

 

(105,000

)

Pfizer, Inc., Strike Price USD 15, Expires
8/23/10

 

 

750

 

 

(27,000

)


 

 

 

 
       

 

 

    JULY 31, 2010

2


 

 

Schedule of Investments (continued)

BlackRock Enhanced Dividend Achievers™ Trust (BDJ)
 (Percentages shown are based on Net Assets)

 

 

 

 

 

 

 

 

Options Written

 

Contracts

 

Value

 

Exchange-Traded Call Options Written—(concluded)

 

 

 

 

 

 

 

Philip Morris International, Inc., Strike
Price USD 50, Expires 8/23/10

 

 

290

 

$

(43,210

)

Progress Energy, Inc., Strike Price USD
40.50, Expires 8/23/10

 

 

1,020

 

 

(167,831

)

QEP Resources, Inc., Strike Price USD
30, Expires 8/23/10

 

 

1,155

 

 

(525,525

)

Raytheon Co., Strike Price USD 55,
Expires 8/23/10

 

 

800

 

 

(3,200

)

T. Rowe Price Group, Inc., Strike Price
USD 50, Expires 8/23/10

 

 

380

 

 

(24,700

)

TJX Cos., Inc., Strike Price USD 44.50,
Expires 8/23/10

 

 

550

 

 

(5,025

)

U.S. Bancorp, Strike Price USD 25,
Expires 8/23/10

 

 

275

 

 

(5,362

)

U.S. Bancorp, Strike Price USD 25,
Expires 9/20/10

 

 

325

 

 

(16,900

)

United Technologies Corp., Strike Price
USD 70, Expires 8/23/10

 

 

786

 

 

(166,239

)

Universal Corp., Strike Price USD 45,
Expires 8/23/10

 

 

375

 

 

(40,313

)

Vectren Corp., Strike Price USD 23,
Expires 8/06/10

 

 

220

 

 

(38,940

)

VF Corp., Strike Price USD 80, Expires
8/23/10

 

 

410

 

 

(62,525

)

Total Exchange-Traded Call Options Written

 

 

 

 

 

(4,925,757

)

Over-the-Counter Call Options Written—(0.8)%

 

 

 

 

 

 

 

Altria Group, Inc., Strike Price USD
22.38, Expires 9/10/10, Broker
Goldman Sachs & Co.

 

 

338,000

 

 

(106,791

)

AT&T Inc., Strike Price USD 24.69,
Expires 8/10/10, Broker Credit Suisse
First Boston

 

 

26,500

 

 

(33,257

)

AT&T Inc., Strike Price USD 24.75,
Expires 8/04/10, Broker Deutsche
Bank Securities

 

 

231,000

 

 

(274,890

)

AT&T Inc., Strike Price USD 25.20,
Expires 9/09/10, Broker Goldman
Sachs & Co.

 

 

64,000

 

 

(60,520

)

AT&T Inc., Strike Price USD 26.25,
Expires 9/24/10, Broker Goldman
Sachs & Co.

 

 

62,000

 

 

(26,151

)

Atmos Energy Corp., Strike Price USD
28.36, Expires 8/27/10, Broker Credit
Suisse First Boston

 

 

35,000

 

 

(85,506

)

Automatic Data Processing, Inc., Strike
Price USD 42.49, Expires 8/03/10,
Broker Credit Suisse First Boston

 

 

34,000

 

 

(395

)

Bank of Hawaii Corp., Strike Price USD
49.74, Expires 8/13/10, Broker Morgan
Stanley & Co., Inc.

 

 

34,000

 

 

(28,248

)

California Water Service Group, Strike
Price USD 35.88, Expires 8/03/10,
Broker JPMorgan Chase Securities

 

 

13,000

 

 

(1,916

)

California Water Service Group, Strike
Price USD 36.50, Expires 8/31/10,
Broker Citigroup Global Markets

 

 

4,400

 

 

(2,241

)

California Water Service Group, Strike
Price USD 37.37, Expires 9/24/10,
Broker UBS Securities LLC

 

 

8,300

 

 

(5,041

)

CenturyTel, Inc., Strike Price USD 34.56,
Expires 8/13/10, Broker Credit Suisse
First Boston

 

 

127,000

 

 

(134,341

)

Chevron Corp., Strike Price USD 73.50,
Expires 8/20/10, Broker Morgan
Stanley & Co., Inc.

 

 

150,000

 

 

(448,879

)

 

 

 

 

 

 

 

 

Options Written

 

Contracts

 

Value

 

Over-the-Counter Call Options Written—(continued)

 

 

 

 

 

 

 

Chubb Corp., Strike Price USD 50.24,
Expires 8/31/10, Broker Credit Suisse
First Boston

 

 

37,000

 

$

(100,149

)

Chubb Corp., Strike Price USD 52,
Expires 8/13/10, Broker Deutsche
Bank Securities

 

 

31,000

 

 

(34,707

)

Colgate-Palmolive Co., Strike Price USD
81.17, Expires 8/02/10, Broker
Citigroup Global Markets

 

 

38,500

 

 

(815

)

Cullen/Frost Bankers, Inc., Strike Price
USD 52.13, Expires 9/10/10, Broker
Morgan Stanley & Co., Inc.

 

 

29,000

 

 

(97,222

)

Deere & Co., Strike Price USD 60.50,
Expires 8/20/10, Broker Goldman
Sachs & Co.

 

 

95,000

 

 

(651,691

)

E.I. du Pont de Nemours & Co., Strike
Price USD 35.82, Expires 8/31/10,
Broker UBS Securities LLC

 

 

117,000

 

 

(569,923

)

Eli Lilly & Co., Strike Price USD 35.04,
Expires 8/04/10, Broker Morgan
Stanley & Co., Inc.

 

 

42,500

 

 

(25,557

)

Exxon Mobil Corp., Strike Price USD 63,
Expires 8/03/10, Broker Credit Suisse
First Boston

 

 

85,500

 

 

(291

)

Exxon Mobil Corp., Strike Price USD 63,
Expires 8/10/10, Broker Credit Suisse
First Boston

 

 

85,500

 

 

(5,978

)

General Mills, Inc., Strike Price USD
36.50, Expires 8/20/10, Broker UBS
Securities LLC

 

 

36,000

 

 

(453

)

Intel Corp., Strike Price USD 21.54,
Expires 9/02/10, Broker Morgan
Stanley & Co., Inc.

 

 

55,000

 

 

(16,280

)

International Business Machines Corp.,
Strike Price USD 125, Expires 8/10/10,
Broker Citigroup Global Markets

 

 

51,000

 

 

(184,792

)

International Business Machines Corp.,
Strike Price USD 133, Expires 8/10/10,
Broker UBS Securities LLC

 

 

6,600

 

 

(853

)

JPMorgan Chase & Co., Strike Price USD
40, Expires 8/03/10, Broker UBS
Securities LLC

 

 

158,000

 

 

(81,610

)

Lowe’s Cos., Inc., Strike Price USD
24.39, Expires 8/18/10, Broker Morgan
Stanley & Co., Inc.

 

 

125,000

 

 

(884

)

McDonald’s Corp., Strike Price USD
67.14, Expires 8/31/10, Broker Morgan
Stanley & Co., Inc.

 

 

71,000

 

 

(205,961

)

McDonald’s Corp., Strike Price USD
68.12, Expires 8/13/10, Broker UBS
Securities LLC

 

 

71,000

 

 

(135,611

)

McGraw-Hill Cos., Inc., Strike Price USD
30.65, Expires 8/04/10, Broker Morgan
Stanley & Co., Inc.

 

 

25,600

 

 

(10,417

)

NextEra Energy, Inc., Strike Price USD
52.13, Expires 9/10/10, Broker UBS
Securities LLC

 

 

33,800

 

 

(34,230

)

Northeast Utilities, Strike Price USD
28.25, Expires 9/17/10, Broker
Goldman Sachs & Co.

 

 

76,000

 

 

(61,722

)

NSTAR, Strike Price USD 35.93, Expires
9/02/10, Broker UBS Securities LLC

 

 

46,000

 

 

(75,010

)

Paychex, Inc., Strike Price USD 26.22,
Expires 8/19/10, Broker Citigroup
Global Markets

 

 

31,500

 

 

(9,252

)


 

 

 

 
       

3

 

    JULY 31, 2010

 

 

Schedule of Investments (continued)

BlackRock Enhanced Dividend Achievers™ Trust (BDJ)

 

(Percentages shown are based on Net Assets)


 

 

 

 

 

 

 

 

Options Written

 

Contracts

 

Value

 

Over-the-Counter Call Options Written—(continued)

 

 

 

 

 

 

 

Pentair, Inc., Strike Price USD 32.30,
Expires 8/19/10, Broker JPMorgan
Chase Securities

 

 

26,500

 

$

(77,199

)

Pfizer, Inc., Strike Price USD 15.11,
Expires 8/27/10, Broker Morgan
Stanley & Co., Inc.

 

 

75,000

 

 

(29,786

)

Pitney Bowes, Inc., Strike Price USD
23.27, Expires 8/30/10, Broker
JPMorgan Chase Securities

 

 

40,000

 

 

(52,660

)

Pitney Bowes, Inc., Strike Price USD
23.27, Expires 9/08/10, Broker
JPMorgan Chase Securities

 

 

40,000

 

 

(53,537

)

PPG Industries, Inc., Strike Price USD
62.15, Expires 9/02/10, Broker UBS
Securities LLC

 

 

38,000

 

 

(278,160

)

PPL Corp., Strike Price USD 26.44,
Expires 9/10/10, Broker Citigroup
Global Markets

 

 

47,700

 

 

(52,226

)

Procter & Gamble Co. (The), Strike Price
USD 59.94, Expires 9/02/10, Broker
UBS Securities LLC

 

 

67,000

 

 

(145,403

)

Procter & Gamble Co. (The), Strike Price
USD 61.57, Expires 8/09/10, Broker
UBS Securities LLC

 

 

96,000

 

 

(51,385

)

Questar Corp., Strike Price USD 15.75,
Expires 8/26/10, Broker Credit Suisse
First Boston

 

 

115,500

 

 

(106,622

)

RPM International, Inc., Strike Price USD
17.93, Expires 9/10/10, Broker Credit
Suisse First Boston

 

 

45,500

 

 

(53,210

)

RPM International, Inc., Strike Price USD
18.06, Expires 8/19/10, Broker Morgan
Stanley & Co., Inc.

 

 

54,000

 

 

(42,292

)

RPM International, Inc., Strike Price USD
18.75, Expires 8/26/10, Broker
JPMorgan Chase Securities

 

 

21,000

 

 

(8,372

)

Sherwin-Williams Co. (The), Strike Price
USD 78.14, Expires 8/05/10, Broker
JPMorgan Chase Securities

 

 

12,500

 

 

(13

)

Sysco Corp., Strike Price USD 28.91,
Expires 8/26/10, Broker Credit Suisse
First Boston

 

 

57,000

 

 

(117,648

)

Target Corp., Strike Price USD 51.09,
Expires 8/19/10, Broker UBS Securities
LLC

 

 

73,000

 

 

(97,419

)

Toronto-Dominion Bank (The), Strike
Price USD 72.35, Expires 8/04/10,
Broker Morgan Stanley & Co., Inc.

 

 

22,000

 

 

(5,397

)

Travelers Cos., Inc. (The), Strike Price
USD 52.02, Expires 8/16/10, Broker
Morgan Stanley & Co., Inc.

 

 

100,000

 

 

(20,585

)

UGI Corp., Strike Price USD 26.27,
Expires 9/02/10, Broker Morgan
Stanley & Co., Inc.

 

 

63,500

 

 

(71,138

)

United Technologies Corp., Strike Price
USD 68.50, Expires 8/26/10, Broker
UBS Securities LLC

 

 

10,000

 

 

(32,294

)

Valspar Corp., Strike Price USD 33,
Expires 8/09/10, Broker UBS Securities
LLC

 

 

33,000

 

 

(4,349

)

Vectren Corp., Strike Price USD 24.38,
Expires 8/27/10, Broker UBS Securities
LLC

 

 

20,000

 

 

(11,334

)

 

 

 

 

 

 

 

 

Options Written

 

Contracts

 

Value

 

Over-the-Counter Call Options Written—(concluded)

 

 

 

 

 

 

 

Wal-Mart Stores, Inc., Strike Price USD
52.50, Expires 8/10/10, Broker Morgan
Stanley & Co., Inc.

 

 

80,000

 

$

(9,926

)

Total Over-the-Counter Call Options Written

 

 

 

 

 

(4,832,539

)

Total Options Written
(Premiums Received $7,496,910)—(1.7)%

 

 

 

 

 

(9,758,296

)

Total Investments Net of Outstanding Options Written—99.1%

 

570,380,741

 

Other Assets Less Liabilities—0.9%

 

 

 

 

 

5,196,336

 

 

 

 

 

 

 

Net Assets—100.0%

 

 

 

 

$

575,577,077

 

 

 

 

 

 

 

 

 

*

The cost and unrealized appreciation (depreciation) of investments as of July 31, 2010, as computed for federal income tax purposes, were as follows:


 

 

 

 

 

Aggregate cost

 

$

626,205,899

 

 

 

 

Gross unrealized appreciation

 

$

10,442,980

 

Gross unrealized depreciation

 

 

(56,509,842

)

 

 

 

Net unrealized depreciation

 

$

(46,066,862

)

 

 

 

 

 

(a)

Security, or a portion thereof, pledged as collateral for outstanding options written.

 

 

(b)

Investments in companies considered to be an affiliate of the Trust, for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Affiliate

 

Shares/
Beneficial
Interest
Held at
October
31, 2009

 

Net Activity

 

Shares/
Beneficial
Interest
Held at
July 31,
2010

 

Income

BlackRock Liquidity Funds,
TempFund, Institutional
Class

 

 

16,074,127

 

 

(2,261,935

)

 

13,812,192

 

$

20,209

BlackRock Liquidity Series,
LLC Money Market
Series

 

 

1,991,000

 

 

(1,991,000

)

 

—

 

$

29,881

 

 

(c)

Represents current yield as of report date.


 

 

 

•

For Trust compliance purposes, the Trust’s industry classifications refer to any one or more of the industry sub-classifications used by one or more widely recognized market indexes or ratings group indexes, and/or defined by Trust management. This definition may not apply for purposes of this report, which may combine industry sub-classifications for reporting ease.

 

 

•

Fair Value Measurements — Various inputs are used in determining the fair value of investments and derivatives, which are as follows:

 

 

 

•

Level 1 — price quotations in active markets/exchanges for identical assets and liabilities


 

 

 

 
       

 

 

    JULY 31, 2010

4



 

 

Schedule of Investments (concluded)

BlackRock Enhanced Dividend Achievers™ Trust (BDJ)

 

(Percentages shown are based on Net Assets)

 

 

 

 

•

Level 2 — other observable inputs (including, but not limited to: quoted prices for similar assets or liabilities in markets that are active, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the assets or liabilities (such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates) or other market-corroborated inputs)

 

 

 

 

•

Level 3 — unobservable inputs based on the best information available In the circumstances, to the extent observable inputs are not available (including the Trust’s own assumptions used in determining the fair value of investments and derivatives)

 

 

 

 

The inputs or methodologies used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For information about the Trust’s policy regarding valuation of investments and other significant accounting policies, please refer to the Trust’s most recent financial statements as contained in its semi-annual report.

 

 

 

 

The following tables summarize the inputs used as of July 31, 2010 in determining the fair valuation of the Trust’s investments and derivatives:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Valuation Inputs

 

 

 

Level 1

 

Level 2

 

Level 3

 

Total

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

Investments in Securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

Common Stocks1

 

$

566,326,845

 

 

—

 

 

—

 

$

566,326,845

 

Short-Term Securities

 

 

13,812,192

 

 

—

 

 

—

 

 

13,812,192

 

 

 

Total

 

$

580,139,037

 

 

—

 

 

—

 

$

580,139,037

 

 

 

 

 

1

See above Schedule of Investments for values in each industry.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Derivative Financial Instruments2

 

Valuation Inputs

 

Level 1

 

Level 2

 

Level 3

 

Total

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity contracts

 

$

(4,137,474

)

$

(5,620,822

)

 

—

 

$

(9,758,296

)

 

 

2

Derivative financial instruments are options which are shown at market value.

 

KEY TO ABBREVIATIONS

 

ADR  —  American Depositary Receipt

USD  —  U.S. Dollar

 



 

 

 

 
       

5

 

    JULY 31, 2010


 

 

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 Dividend Achievers™ Trust


 

 

 

 

 

By:

/s/ Anne F. Ackerley

 

 

 

  

 

 

 

Anne F. Ackerley

 

 

Chief Executive Officer of

 

 

BlackRock Enhanced Dividend Achievers™ Trust

 

 

 

 

Date: September 27, 2010

 

 

 

 

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/ Anne F. Ackerley

 

 

 

  

 

 

 

Anne F. Ackerley

 

 

Chief Executive Officer (principal executive officer) of
BlackRock Enhanced Dividend Achievers™ Trust

 

 

 

 

Date: September 27, 2010

 

 

 

 

By:

/s/ Neal J. Andrews

 

 

 

  

 

 

 

Neal J. Andrews

 

 

Chief Financial Officer (principal financial officer) of
BlackRock Enhanced Dividend Achievers™ Trust

 

 

 

Date: September 27, 2010