FORM N-Q
Investment Company Act file number: 811-21784
BlackRock Enhanced Dividend Achievers Trust
(Exact name of registrant as specified in charter)
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Registrant's telephone number, including area code: 888-825-2257
Date of fiscal year end: October 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
JANUARY 31,
2006 (unaudited)
BlackRock Enhanced Dividend AchieversTM Trust (BDJ)
| LONG-TERM INVESTMENTS—96.3% | ||||||
| Common Stocks—96.3% | ||||||
| Basic Materials—1.1% | ||||||
| 94,100 | PPG Industries, Inc. | $ 5,598,950 | ||||
| 294,200 | RPM International, Inc. | 5,560,380 | ||||
| 11,159,330 | ||||||
| Conglomerates—4.3% | ||||||
| 1,273,000 | General Electric Co. | 41,690,750 | ||||
| Consumer Products—14.1% | ||||||
| 608,400 | 1 | Altria Group, Inc. | 44,011,656 | |||
| 1,091,600 | Coca-Cola Co. (The) | 45,170,408 | ||||
| 803,800 | ConAgra Foods, Inc. | 16,662,774 | ||||
| 65,400 | Kimberly-Clark Corp. | 3,735,648 | ||||
| 136,100 | La-Z-Boy, Inc. | 2,223,874 | ||||
| 119,100 | McDonald’s Corp. | 4,169,691 | ||||
| 978,500 | Sara Lee Corp. | 17,886,980 | ||||
| 87,000 | Stanley Works (The) | 4,266,480 | ||||
| 138,127,511 | ||||||
| Energy—12.7% | ||||||
| 206,200 | 1 | Atmos Energy Corp. | 5,418,936 | |||
| 137,100 | Black Hills Corp. | 4,880,760 | ||||
| 788,300 | Chevron Corp. | 46,809,254 | ||||
| 346,800 | Consolidated Edison, Inc. | 16,303,068 | ||||
| 86,000 | National Fuel Gas Co. | 2,829,400 | ||||
| 203,300 | Nicor, Inc. | 8,314,970 | ||||
| 89,300 | Otter Tail Corp. | 2,732,580 | ||||
| 206,200 | Peoples Energy Corp. | 7,674,764 | ||||
| 127,400 | Pinnacle West Capital Corp. | 5,428,514 | ||||
| 391,900 | Progress Energy, Inc. | 17,094,678 | ||||
| 152,500 | Vectren Corp. | 4,172,400 | ||||
| 42,700 | WPS Resources Corp. | 2,394,616 | ||||
| 124,053,940 | ||||||
| Financial Institutions—38.7% | ||||||
| 45,100 | 1 | Allstate Corp. | 2,347,455 | |||
| 544,588 | 1 | AmSouth Bancorp | 15,036,075 | |||
| 192,000 | Arthur J. Gallagher & Co. | 5,598,720 | ||||
| 218,300 | 1 | Bancorpsouth, Inc. | 5,029,632 | |||
| 987,100 | 1 | Bank of America Corp. | 43,659,433 | |||
| 363,100 | 1 | BB&T Corp. | 14,175,424 | |||
| 93,100 | Chemical Financial Corp. | 2,927,995 | ||||
| 909,700 | Citigroup, Inc. | 42,373,826 | ||||
| 305,600 | Comerica, Inc. | 16,951,632 | ||||
| 631,100 | Fifth Third Bancorp | 23,710,427 | ||||
| 178,300 | FirstMerit Corp. | 4,502,075 | ||||
| 38,900 | Freddie Mac | 2,639,754 | ||||
| 224,906 | Fulton Financial Corp. | 4,037,063 | ||||
| 115,200 | Hudson United Bancorp | 4,798,080 | ||||
| 76,100 | Jefferson-Pilot Corp. | 4,438,913 | ||||
| 205,100 | KeyCorp | 7,258,489 | ||||
| 195,057 | Lincoln National Corp. | 10,636,458 | ||||
| 498,000 | National City Corp. | 17,021,640 | ||||
| 280,841 | North Fork Bancorporation, Inc. | 7,223,231 | ||||
| 137,500 | Old Republic International Group | 2,949,375 | ||||
| 754,800 | Regions Financial Corp. | 25,044,264 | ||||
| 186,010 | Republic Bancorp, Inc. | 2,408,829 | ||||
| 76,900 | S&T Bancorp, Inc. | 2,827,613 | ||||
| 228,400 | Suntrust Bank, Inc . | 16,319,180 | ||||
| 120,800 | Synovus Financial Corp. | 3,342,536 | ||||
| 231,500 | Washington Federal, Inc. | 5,588,410 | ||||
| 1,069,300 | Washington Mutual, Inc. | 45,252,776 | ||||
| 674,231 | Wells Fargo & Co. | 42,045,045 | ||||
| 380,144,350 | ||||||
1
BlackRock Enhanced Dividend AchieversTM Trust (BDJ) (continued)
| Common Stocks—(cont’d) | |||||
| Health Care—13.3% | |||||
| 104,300 | 1 | Abbott Laboratories | $ 4,500,545 | ||
| 771,600 | Eli Lilly & Co. | 43,687,992 | |||
| 101,400 | Johnson & Johnson | 5,834,556 | |||
| 827,412 | Merck & Co., Inc. | 28,545,714 | |||
| 1,859,600 | 1 | Pfizer, Inc. | 47,754,528 | ||
130,323,335 |
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| Industrials—1.0% | |||||
| 132,400 | RR Donnelley & Sons Co. | 4,316,240 | |||
| 454,400 | ServiceMaster Co. (The) | 5,879,936 | |||
10,196,176 |
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| Real Estate—5.2% | |||||
| 58,500 | Colonial Properties Trust (REIT) | 2,703,870 | |||
| 109,600 | Commercial Net Lease Realty (REIT) | 2,513,128 | |||
| 124,800 | Duke Realty Corp. (REIT) | 4,527,744 | |||
| 203,200 | General Growth Properties, Inc. (REIT) | 10,485,120 | |||
| 228,600 | Health Care Property Investors, Inc. (REIT) | 6,343,650 | |||
| 139,900 | Healthcare Realty Trust, Inc. (REIT) | 4,902,096 | |||
| 59,500 | Home Properties, Inc. (REIT) | 2,729,265 | |||
| 77,400 | Kimco Realty Corp. (REIT) | 2,715,966 | |||
| 119,500 | Lexington Corporate Properties Trust (REIT) | 2,652,900 | |||
| 49,400 | Liberty Property Trust (REIT) | 2,235,844 | |||
| 71,500 | Prologis (REIT) | 3,662,230 | |||
| 88,600 | Sun Communities, Inc. (REIT) | 2,944,178 | |||
| 118,300 | United Dominion Realty Trust, Inc. (REIT) | 3,006,003 | |||
51,421,994 |
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| Technology—0.5% | |||||
| 115,600 | Pitney Bowes, Inc. | 4,940,744 | |||
| Telecommunications—5.4% | |||||
| 63,500 | 1 | Alltel Corp. | 3,811,905 | ||
| 1,888,700 | 1 | AT&T, Inc. | 49,011,765 | ||
52,823,670 |
|||||
| Total Common Stocks (cost $942,477,633) | 944,881,800 | ||||
| SHORT-TERM INVESTMENTS—3.4% | |||||
| Money Market Fund—0.3% | |||||
| 3,392,554 | Fidelity Institutional Money Market Prime Portfolio | 3,392,554 | |||
| U.S. Government and Agency Zero Coupon Bond—3.1% | |||||
| Federal Home Loan Bank, 4.34%, 02/01/06 | 31,000,000 |
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| Total Short-Term Investments (cost $34,392,554) | 34,392,554 | ||||
| Total investments before outstanding options written (cost $976,870,1873) | 979,274,354 | ||||
| OUTSTANDING CALL OPTIONS WRITTEN—(0.9)% | |||||
| (565 | ) | Abbott Laboratories, strike price $42.50, expires 02/18/06 | (56,500 | ) | |
| (250 | ) | Allstate Corp., strike price $55, expires 03/18/06 | (15,000 | ) | |
| (231 | ) | Alltel Corp., strike price $65, expires 02/18/06 | (1,732 | ) | |
| (115 | ) | Alltel Corp., strike price $65, expires 04/22/06 | (7,475 | ) | |
| (1,725 | ) | Altria Group, Inc., strike price $75, expires 03/18/06 | (284,625 | ) | |
| (380 | ) | Altria Group, Inc., strike price $80, expires 03/18/06 | (15,200 | ) | |
| (1,250 | ) | Altria Group, Inc., strike price $80, expires 02/18/06 | (18,750 | ) | |
| (50,000 | ) | AmSouth Bancorp, strike price $27, expires 02/17/06 | (37,900 | ) | |
| (113,000 | ) | AmSouth Bancorp, strike price $27.15, expires 02/17/06 | (83,134 | ) | |
| (760 | ) | AmSouth Bancorp, strike price $27.50, expires 03/10/06 | (63,840 | ) | |
| (49,000 | ) | Arthur J. Gallagher & Co., strike price $30.74, expires 03/17/06 | (24,992 | ) | |
| (537 | ) | Arthur J. Gallagher & Co., strike price $31.50, expires 02/10/06 | (1 | ) | |
| (166,900 | ) | AT&T, Inc., strike price $24.75, expires 02/24/06 | (224,147 | ) | |
| (2,000 | ) | AT&T, Inc., strike price $25, expires 02/18/06 | (230,000 | ) | |
| (4,350 | ) | AT&T, Inc., strike price $25, expires 03/18/06 | (565,500 | ) | |
| (36,800 | ) | AT&T, Inc., strike price $25.13, expires 02/10/06 | (32,897 | ) | |
| (2,000 | ) | AT&T, Inc., strike price $25.25, expires 03/10/06 | (178,000 | ) | |
| (42,100 | ) | Atmos Energy Corp., strike price $26.77, expires 02/17/06 | (5,305 | ) | |
2
BlackRock Enhanced Dividend AchieversTM Trust (BDJ) (continued)
| OUTSTANDING CALL OPTIONS WRITTEN—(cont’d) | |||||
| (71,300 | ) | Atmos Energy Corp., strike price $26.88, expires 03/10/06 | $ (10,481 | ) | |
| (335 | ) | Bancorpsouth, Inc., strike price $23, expires 03/24/06 | (25,460 | ) | |
| (385 | ) | Bancorpsouth, Inc., strike price $24, expires 02/03/06 | — | ||
| (40,000 | ) | Bancorpsouth, Inc., strike price $24, expires 02/17/06 | (7,520 | ) | |
| (64 | ) | Bancorpsouth, Inc., strike price $25, expires 02/18/06 | (800 | ) | |
| (3,000 | ) | Bank of America Corp., strike price $45, expires 03/18/06 | (150,000 | ) | |
| (200,000 | ) | Bank of America Corp., strike price $45.25, expires 03/17/06 | (84,240 | ) | |
| (116,000 | ) | Bank of America Corp., strike price $46.18, expires 03/10/06 | (19,871 | ) | |
| (1,100 | ) | BB&T Corp., strike price $41, expires 03/14/06 | (31,900 | ) | |
| (7,000 | ) | BB&T Corp., strike price $41, expires 03/17/06 | (2,191 | ) | |
| (22,300 | ) | Black Hills Corp., strike price $35.68, expires 02/17/06 | (11,230 | ) | |
| (15,000 | ) | Chemical Financial Corp., strike price $33, expires 04/21/06 | (12,705 | ) | |
| (19,300 | ) | Chemical Financial Corp., strike price $33.04, expires 02/17/06 | (2,172 | ) | |
| (16,500 | ) | Chemical Financial Corp., strike price $35, expires 02/03/06 | — | ||
| (1,950 | ) | Chevron Corp., strike price $60, expires 02/18/06 | (165,750 | ) | |
| (760 | ) | Chevron Corp., strike price $62.50, expires 02/10/06 | (12,160 | ) | |
| (1,620 | ) | Chevron Corp., strike price $62.50, expires 03/10/06 | (129,600 | ) | |
| (1,500 | ) | Citigroup, Inc., strike price $47.50, expires 03/18/06 | (82,500 | ) | |
| (115,000 | ) | Citigroup, Inc., strike price $48.50, expires 03/17/06 | (32,281 | ) | |
| (1,680 | ) | Citigroup, Inc., strike price $50, expires 03/18/06 | (16,800 | ) | |
| (109,000 | ) | Coca-Cola Co. (The), strike price $42, expires 02/17/06 | (28,994 | ) | |
| (1,100 | ) | Coca-Cola Co. (The), strike price $42.50, expires 02/18/06 | (22,000 | ) | |
| (150,000 | ) | Coca-Cola Co. (The), strike price $43.50, expires 02/03/06 | (1,302 | ) | |
| (9,500 | ) | Colonial Properties Trust, strike price $44.60, expires 03/10/06 | (17,580 | ) | |
| (12,600 | ) | Colonial Properties Trust, strike price $44.91, expires 03/17/06 | (22,398 | ) | |
| (10,000 | ) | Colonial Properties Trust, strike price $44.96, expires 04/21/06 | (22,636 | ) | |
| (466 | ) | Comerica, Inc., strike price $60, expires 02/18/06 | (4,660 | ) | |
| (28,200 | ) | Commercial Net Lease Realty, strike price $21.08, expires 02/17/06 | (53,636 | ) | |
| (20,900 | ) | Commercial Net Lease Realty, strike price $22.21, expires 03/17/06 | (23,889 | ) | |
| (1,150 | ) | ConAgra Foods, Inc., strike price $20.75, expires 03/10/06 | (56,350 | ) | |
| (200,000 | ) | ConAgra Foods, Inc., strike price $20.83, expires 02/17/06 | (44,400 | ) | |
| (60,900 | ) | Consolidated Edison, Inc., strike price $46.20, expires 02/10/06 | (66,052 | ) | |
| (462 | ) | Consolidated Edison, Inc., strike price $47.50, expires 03/30/06 | (38,346 | ) | |
| (12,000 | ) | Consolidated Edison, Inc., strike price $47.68, expires 03/17/06 | (6,948 | ) | |
| (700 | ) | Consolidated Edison, Inc., strike price $50, expires 02/18/06 | (5,250 | ) | |
| (325 | ) | Duke Realty Corp., strike price $35, expires 02/18/06 | (44,688 | ) | |
| (55 | ) | Duke Realty Corp., strike price $35, expires 03/18/06 | (8,662 | ) | |
| (16,100 | ) | Duke Realty Corp., strike price $36.11, expires 03/17/06 | (16,261 | ) | |
| (123,800 | ) | Eli Lilly & Co., strike price $58.11, expires 03/17/06 | (113,500 | ) | |
| (125,500 | ) | Eli Lilly & Co., strike price $58.97, expires 03/10/06 | (40,913 | ) | |
| (1,500 | ) | Eli Lilly & Co., strike price $60, expires 02/18/06 | (15,000 | ) | |
| (197 | ) | Eli Lilly & Co., strike price $60, expires 03/18/06 | (4,925 | ) | |
| (1,410 | ) | Fifth Third Bancorp, strike price $40, expires 02/18/06 | (21,150 | ) | |
| (308 | ) | FirstMerit Corp., strike price $26, expires 03/10/06 | (6,776 | ) | |
| (322 | ) | FirstMerit Corp., strike price $27, expires 02/03/06 | — | ||
| (350 | ) | FirstMerit Corp., strike price $27.50, expires 02/24/06 | — | ||
| (129 | ) | Freddie Mac, strike price $70, expires 02/18/06 | (5,805 | ) | |
| (85 | ) | Freddie Mac, strike price $70, expires 03/18/06 | (8,500 | ) | |
| (325 | ) | Fulton Financial Corp., strike price $17.25, expires 03/10/06 | (32,500 | ) | |
| (54,600 | ) | Fulton Financial Corp., strike price $17.50, expires 02/17/06 | (28,741 | ) | |
| (115 | ) | Fulton Financial Corp., strike price $17.50, expires 03/18/06 | (8,913 | ) | |
| (50,000 | ) | General Electric Co., strike price $34, expires 03/17/06 | (13,400 | ) | |
| (4,060 | ) | General Electric Co., strike price $35, expires 02/18/06 | (20,300 | ) | |
| (43,000 | ) | General Electric Co., strike price $36.06, expires 02/17/06 | (86 | ) | |
| (44,400 | ) | General Growth Properties, Inc., strike price $46.97, expires 02/17/06 | (219,899 | ) | |
| (66 | ) | General Growth Properties, Inc., strike price $50, expires 04/22/06 | (21,780 | ) | |
| (60,700 | ) | General Growth Properties, Inc., strike price $52.76, expires 03/17/06 | (47,103 | ) | |
| (46,800 | ) | Health Care Property Investors, Inc., strike price $26.31, expires 02/17/06 | (73,102 | ) | |
| (40,000 | ) | Health Care Property Investors, Inc., strike price $27.10, expires 03/17/06 | (40,142 | ) | |
| (382 | ) | Health Care Property Investors, Inc., strike price $27.63, expires 03/10/06 | (22,156 | ) | |
| (29,600 | ) | Healthcare Realty Trust, Inc., strike price $33.48, expires 02/17/06 | (34,454 | ) | |
| (23,800 | ) | Healthcare Realty Trust, Inc., strike price $33.84, expires 03/10/06 | (37,030 | ) | |
3
BlackRock Enhanced Dividend AchieversTM Trust (BDJ) (continued)
| OUTSTANDING CALL OPTIONS WRITTEN—(cont’d) | |||||
| (23,000 | ) | Healthcare Realty Trust, Inc., strike price $34.77, expires 04/21/06 | $ (17,020 | ) | |
| (5,800 | ) | Home Properties, Inc., strike price $42.47, expires 02/10/06 | (16,344 | ) | |
| (12,300 | ) | Home Properties, Inc., strike price $42.58, expires 02/17/06 | (35,466 | ) | |
| (142 | ) | Home Properties, Inc., strike price $45, expires 03/18/06 | (22,010 | ) | |
| (360 | ) | Hudson United Bancorp, strike price $42.25, expires 02/10/06 | (9,000 | ) | |
| (6,100 | ) | Jefferson-Pilot Corp., strike price $56.17, expires 02/17/06 | (13,934 | ) | |
| (25,000 | ) | Jefferson-Pilot Corp., strike price $57.09, expires 02/28/06 | (42,358 | ) | |
| (243 | ) | Johnson & Johnson, strike price $65, expires 02/18/06 | (1,215 | ) | |
| (313 | ) | Johnson & Johnson, strike price $65, expires 04/22/06 | (6,260 | ) | |
| (35,000 | ) | KeyCorp, strike price $33.69, expires 03/17/06 | (63,907 | ) | |
| (370 | ) | KeyCorp, strike price $34, expires 03/10/06 | (53,650 | ) | |
| (25,800 | ) | KeyCorp, strike price $34.25, expires 03/17/06 | (37,549 | ) | |
| (155 | ) | KeyCorp, strike price $35, expires 02/18/06 | (12,788 | ) | |
| (10,600 | ) | Kimberly-Clark Corp., strike price $61.50, expires 02/17/06 | (95 | ) | |
| (255 | ) | Kimberly-Clark Corp., strike price $61.88, expires 03/14/06 | (1,530 | ) | |
| (16,000 | ) | Kimco Realty Corp., strike price $32.96, expires 02/17/06 | (35,712 | ) | |
| (252 | ) | Kimco Realty Corp., strike price $35, expires 03/18/06 | (26,460 | ) | |
| (287 | ) | La-Z-Boy, Inc., strike price $15, expires 02/18/06 | (42,333 | ) | |
| (31,500 | ) | La-Z-Boy, Inc., strike price $15.25, expires 03/10/06 | (43,798 | ) | |
| (25,300 | ) | Lexington Corporate Properties Trust, strike price $21.51, expires 02/17/06 | (21,733 | ) | |
| (20,400 | ) | Lexington Corporate Properties Trust, strike price $21.92, expires 02/03/06 | (7,385 | ) | |
| (20,000 | ) | Lexington Corporate Properties Trust, strike price $22.20, expires 03/31/06 | (13,280 | ) | |
| (220 | ) | Liberty Property Trust, strike price $45, expires 02/18/06 | (16,500 | ) | |
| (600 | ) | Lincoln National Corp., strike price $55, expires 02/18/06 | (36,000 | ) | |
| (256 | ) | Lincoln National Corp., strike price $55, expires 04/22/06 | (37,120 | ) | |
| (133 | ) | McDonald’s Corp., strike price $35, expires 02/18/06 | (8,645 | ) | |
| (250 | ) | McDonald’s Corp., strike price $35, expires 03/18/06 | (31,250 | ) | |
| (268 | ) | McDonald’s Corp., strike price $36.25, expires 02/10/06 | (5,360 | ) | |
| (553 | ) | Merck & Co., Inc., strike price $32.50, expires 02/18/06 | (127,190 | ) | |
| (383,700 | ) | Merck & Co., Inc., strike price $33.50, expires 03/17/06 | (647,386 | ) | |
| (165 | ) | Merck & Co., Inc., strike price $35, expires 04/22/06 | (20,625 | ) | |
| (17,000 | ) | National City Corp., strike price $34.19, expires 03/17/06 | (16,745 | ) | |
| (20 | ) | National City Corp., strike price $35, expires 02/18/06 | (500 | ) | |
| (97,500 | ) | National City Corp., strike price $35.75, expires 02/17/06 | (11,154 | ) | |
| (800 | ) | National City Corp., strike price $35.75, expires 03/14/06 | (24,800 | ) | |
| (400 | ) | National City Corp., strike price $36, expires 03/24/06 | (15,200 | ) | |
| (124 | ) | National Fuel Gas Co., strike price $35, expires 02/18/06 | (2,480 | ) | |
| (175 | ) | National Fuel Gas Co., strike price $35, expires 03/18/06 | (9,625 | ) | |
| (175 | ) | National Fuel Gas Co., strike price $35, expires 04/22/06 | (12,250 | ) | |
| (48,100 | ) | Nicor, Inc., strike price $41.31, expires 02/17/06 | (25,301 | ) | |
| (63,000 | ) | Nicor, Inc., strike price $42, expires 03/10/06 | (30,870 | ) | |
| (442 | ) | North Fork Bancorporation, Inc., strike price $28, expires 02/10/06 | — | ||
| (1,083 | ) | North Fork Bancorporation, Inc., strike price $27, expires 04/18/06 | (46,569 | ) | |
| (77,000 | ) | Old Republic International Group., strike price $21.06, expires 03/17/06 | (52,537 | ) | |
| (15,300 | ) | Otter Tail Corp., strike price $29.50, expires 03/10/06 | (21,178 | ) | |
| (180 | ) | Otter Tail Corp., strike price $30, expires 02/18/06 | (13,050 | ) | |
| (154 | ) | Otter Tail Corp., strike price $30, expires 04/22/06 | (25,410 | ) | |
| (350 | ) | Peoples Energy Corp., strike price $38, expires 02/10/06 | (2,800 | ) | |
| (784 | ) | Peoples Energy Corp., strike price $38, expires 04/17/06 | (49,000 | ) | |
| (2,217 | ) | Pfizer, Inc., strike price $25, expires 03/18/06 | (254,955 | ) | |
| (1,000 | ) | Pfizer, Inc., strike price $22.50, expires 03/18/06 | (350,000 | ) | |
| (1,000 | ) | Pfizer, Inc., strike price $23, expires 02/10/06 | (247,000 | ) | |
| (1,630 | ) | Pfizer, Inc., strike price $23.50, expires 02/24/06 | (340,670 | ) | |
| (3,496 | ) | Pfizer, Inc., strike price $25, expires 02/18/06 | (314,640 | ) | |
| (650 | ) | Pfizer, Inc., strike price $25.50, expires 03/10/06 | (55,250 | ) | |
| (22,800 | ) | Pinnacle West Capital Corp., strike price $42.30, expires 03/10/06 | (25,379 | ) | |
| (47,000 | ) | Pinnacle West Capital Corp., strike price $43, expires 04/21/06 | (39,057 | ) | |
| (21,000 | ) | Pitney Bowes, Inc., strike price $42.32, expires 02/10/06 | (20,563 | ) | |
| (250 | ) | Pitney Bowes, Inc., strike price $43.25, expires 03/29/06 | (17,892 | ) | |
| (176 | ) | Pitney Bowes, Inc., strike price $45, expires 02/18/06 | (2,640 | ) | |
| (185 | ) | PPG Industries, Inc., strike price $60, expires 02/18/06 | (12,950 | ) | |
| (56,000 | ) | Progress Energy, Inc., strike price $44, expires 03/17/06 | (45,248 | ) | |
| (825 | ) | Progress Energy, Inc., strike price $44.25, expires 02/10/06 | (17,325 | ) | |
4
BlackRock Enhanced Dividend AchieversTM Trust (BDJ) (continued)
| OUTSTANDING CALL OPTIONS WRITTEN—(cont’d) | |||||
| (765 | ) | Progress Energy, Inc., strike price $44.25, expires 03/10/06 | $ (30,600 | ) | |
| (137 | ) | Prologis, strike price $47.50, expires 02/18/06 | (51,375 | ) | |
| (501 | ) | Prologis, strike price $50, expires 03/18/06 | (98,948 | ) | |
| (1,708 | ) | Regions Financial Corp., strike price $35, expires 02/18/06 | (21,350 | ) | |
| (400 | ) | Regions Financial Corp., strike price $35, expires 03/10/06 | (2,800 | ) | |
| (500 | ) | Regions Financial Corp., strike price $35, expires 05/20/06 | (25,000 | ) | |
| (38,000 | ) | Republic Bancorp, Inc., strike price $12.32, expires 02/17/06 | (25,445 | ) | |
| (30,800 | ) | Republic Bancorp, Inc., strike price $12.50, expires 03/10/06 | (15,739 | ) | |
| (33,500 | ) | Republic Bancorp, Inc., strike price $12.74, expires 02/10/06 | (11,105 | ) | |
| (332 | ) | RPM International, Inc., strike price $18, expires 03/10/06 | (37,848 | ) | |
| (70,000 | ) | RPM International, Inc., strike price $18.72, expires 03/17/06 | (36,470 | ) | |
| (60,000 | ) | RPM International, Inc., strike price $18.85, expires 04/21/06 | (31,680 | ) | |
| (200 | ) | RR Donnelley & Sons Co., strike price $32, expires 03/10/06 | (18,200 | ) | |
| (200 | ) | RR Donnelley & Sons Co., strike price $33, expires 03/10/06 | (8,458 | ) | |
| (24,000 | ) | S&T Bancorp, Inc., strike price $37.88, expires 03/10/06 | (17,496 | ) | |
| (8,000 | ) | S&T Bancorp, Inc., strike price $38.72, expires 02/10/06 | (520 | ) | |
| (10,500 | ) | S&T Bancorp, Inc., strike price $39, expires 02/17/06 | (1,134 | ) | |
| (164,600 | ) | Sara Lee Corp., strike price $18.11, expires 02/10/06 | (58,400 | ) | |
| (2,000 | ) | Sara Lee Corp., strike price $18.50, expires 02/10/06 | (18,000 | ) | |
| (349 | ) | Sara Lee Corp., strike price $19, expires 02/24/06 | (2,094 | ) | |
| (700 | ) | Sara Lee Corp., strike price $19, expires 03/10/06 | (10,500 | ) | |
| (68,500 | ) | Sara Lee Corp., strike price $19, expires 03/17/06 | (12,899 | ) | |
| (925 | ) | ServiceMaster Co. (The), strike price $12, expires 02/03/06 | (85,100 | ) | |
| (93,800 | ) | ServiceMaster Co. (The), strike price $12.25, expires 02/10/06 | (62,189 | ) | |
| (48,000 | ) | ServiceMaster Co. (The), strike price $12.70, expires 03/10/06 | (17,851 | ) | |
| (15,700 | ) | ServiceMaster Co. (The), strike price $12.89, expires 03/17/06 | (6,495 | ) | |
| (200 | ) | Stanley Works (The), strike price $50, expires 02/18/06 | (9,000 | ) | |
| (265 | ) | Stanley Works (The), strike price $51.75, expires 03/24/06 | (24,115 | ) | |
| (15,000 | ) | Sun Communities, Inc., strike price $30.34, expires 02/17/06 | (44,595 | ) | |
| (16,000 | ) | Sun Communities, Inc., strike price $33.45, expires 04/21/06 | (12,400 | ) | |
| (18,000 | ) | Sun Communities, Inc., strike price $33.50, expires 03/10/06 | (15,127 | ) | |
| (469 | ) | SunTrust Bank, Inc., strike price $75, expires 02/18/06 | (4,690 | ) | |
| (800 | ) | SunTrust Bank, Inc., strike price $75, expires 04/22/06 | (62,000 | ) | |
| (26,200 | ) | Synovus Financial Corp., strike price $28.15, expires 02/10/06 | (3,293 | ) | |
| (40,000 | ) | Synovus Financial Corp., strike price $28.40, expires 03/17/06 | (19,840 | ) | |
| (255 | ) | United Dominion Realty Trust, Inc., strike price $24, expires 02/10/06 | (36,975 | ) | |
| (21,800 | ) | United Dominion Realty Trust, Inc., strike price $24.75, expires 03/10/06 | (23,609 | ) | |
| (177 | ) | United Dominion Realty Trust, Inc., strike price $25, expires 02/18/06 | (11,948 | ) | |
| (30,400 | ) | Vectren Corp., strike price $27.30, expires 02/10/06 | (8,694 | ) | |
| (53,000 | ) | Vectren Corp., strike price $28.07, expires 04/21/06 | (17,808 | ) | |
| (46,300 | ) | Washington Federal, Inc., strike price $23.85, expires 02/17/06 | (27,086 | ) | |
| (775 | ) | Washington Federal, Inc., strike price $25, expires 04/22/06 | (42,625 | ) | |
| (100,000 | ) | Washington Mutual, Inc., strike price $43.50, expires 03/17/06 | (77,502 | ) | |
| (1,100 | ) | Washington Mutual, Inc., strike price $45, expires 02/18/06 | (11,000 | ) | |
| (3,780 | ) | Washington Mutual, Inc., strike price $45, expires 04/22/06 | (245,700 | ) | |
| (215,000 | ) | Wells Fargo & Co., strike price $61.99, expires 03/17/06 | (265,835 | ) | |
| (1,558 | ) | Wells Fargo & Co., strike price $65, expires 02/18/06 | (11,685 | ) | |
| (10,000 | ) | WPS Resources Corp., strike price $57, expires 02/17/06 | (4,160 | ) | |
| (13,100 | ) | WPS Resources Corp., strike price $57.52, expires 03/17/06 | (9,543 | ) | |
| Total outstanding call options written (premium received $8,699,840) | (9,196,753 | ) | |||
| Total investments net of outstanding options written—98.8% | $970,077,601 | ||||
| Other assets in excess of liabilities—1.2% | 11,304,611 | ||||
| Net Assets—100.0% | $981,382,212 | ||||
| 1 | Security, or a portion thereof, pledged as collateral for outstanding options written. | ||
| 2 | Rate shown is the yield to maturity as of January 31, 2006. | ||
| 3 | Cost for Federal income tax purposes is $989,401,208. The net unrealized depreciation on a tax basis is $10,126,854, consisting of $10,811,452 gross unrealized appreciation and $20,938,306 gross unrealized depreciation. | ||
| A category may contain multiple industries as defined by the SEC’s Standard Industry Codes. | |||
KEY TO ABBREVIATIONS
REIT — Real Estate Investment Trust
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/ Henry GabbayPursuant 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