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 811-21443
Name of Fund: BlackRock Dividend Achievers™ Trust (BDV)
Fund Address: 100 Bellevue Parkway, Wilmington, DE 19809
Name and address of agent for service: John M. Perlowski, Chief Executive Officer, BlackRock 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: 10/31/2011
Date of reporting period: 01/31/2011
| Item 1 | – | Schedule of Investments |
| Schedule of Investments January 31, 2011 (Unaudited) | BlackRock Dividend AchieversTM Trust (BDV) | |
| (Percentages shown are based on Net Assets) |
| Shares | Value | |||||||
| Common Stocks |
||||||||
| Aerospace & Defense – 5.4% |
||||||||
| General Dynamics Corp.(a) |
169,900 | $ | 12,810,460 | |||||
| Raytheon Co.(a) |
126,100 | 6,303,739 | ||||||
| United Technologies Corp.(a) |
142,900 | 11,617,770 | ||||||
| 30,731,969 | ||||||||
| Beverages – 6.2% |
||||||||
| Brown-Forman Corp., Class B(a) |
117,000 | 7,762,950 | ||||||
| Coca-Cola Co. (The)(a) |
240,500 | 15,115,425 | ||||||
| PepsiCo, Inc.(a) |
195,075 | 12,545,273 | ||||||
| 35,423,648 | ||||||||
| Capital Markets – 0.7% |
||||||||
| T. Rowe Price Group, Inc.(a) |
60,100 | 3,961,792 | ||||||
| Chemicals – 4.3% |
||||||||
| Air Products & Chemicals, Inc.(a) |
26,500 | 2,312,125 | ||||||
| E. I. du Pont De Nemours & Co.(a) |
180,400 | 9,142,672 | ||||||
| PPG Industries, Inc.(a) |
59,500 | 5,014,660 | ||||||
| RPM International, Inc.(a) |
192,000 | 4,498,560 | ||||||
| Sherwin-Williams Co. (The)(a) |
20,400 | 1,728,492 | ||||||
| Valspar Corp. |
43,300 | 1,618,121 | ||||||
| 24,314,630 | ||||||||
| Commercial Banks – 1.9% |
||||||||
| Bank of Hawaii Corp.(a) |
56,200 | 2,634,094 | ||||||
| Cullen/Frost Bankers, Inc.(a) |
45,700 | 2,640,546 | ||||||
| Toronto-Dominion Bank (The)(a) |
35,400 | 2,651,106 | ||||||
| U.S. BanCorp(a) |
103,400 | 2,791,800 | ||||||
| 10,717,546 | ||||||||
| Commercial Services & Supplies – 0.5% |
||||||||
| Pitney Bowes, Inc.(a) |
128,954 | 3,131,003 | ||||||
| Diversified Financial Services – 2.0% |
||||||||
| JPMorgan Chase & Co.(a) |
251,500 | 11,302,410 | ||||||
| Diversified Telecommunication Services – 5.4% |
||||||||
| AT&T Inc.(a) |
610,800 | 16,809,216 | ||||||
| CenturyLink, Inc.(a) |
324,400 | 14,027,056 | ||||||
| 30,836,272 | ||||||||
| Electric Utilities – 4.6% |
||||||||
| NextEra Energy, Inc.(a) |
163,800 | 8,756,748 | ||||||
| Northeast Utilities(a) |
237,100 | 7,805,332 | ||||||
| PPL Corp.(a) |
77,100 | 1,988,409 | ||||||
| Progress Energy, Inc.(a) |
165,000 | 7,411,800 | ||||||
| 25,962,289 | ||||||||
| Electrical Equipment – 2.2% |
||||||||
| Emerson Electric Co.(a) |
212,400 | 12,506,112 | ||||||
| Energy Equipment & Services – 0.9% |
||||||||
| Halliburton Co.(a) |
115,600 | 5,202,000 | ||||||
| Food & Staples Retailing – 1.7% |
||||||||
| Sysco Corp.(a) |
93,875 | 2,735,518 | ||||||
| Wal-Mart Stores, Inc.(a) |
118,700 | 6,655,509 | ||||||
| 9,391,027 | ||||||||
| Food Products – 1.3% |
||||||||
| General Mills, Inc.(a) |
130,800 | 4,549,224 | ||||||
| Kraft Foods, Inc., Class A(a) |
89,100 | 2,723,787 | ||||||
| 7,273,011 | ||||||||
| Gas Utilities – 2.4% |
||||||||
| Atmos Energy Corp.(a) |
114,800 | 3,742,480 | ||||||
| National Fuel Gas Co.(a) |
48,100 | 3,287,154 | ||||||
| Questar Corp.(a) |
188,200 | 3,280,326 | ||||||
| UGI Corp.(a) |
100,100 | 3,138,135 | ||||||
| 13,448,095 | ||||||||
| Health Care Equipment & Supplies – 2.0% |
||||||||
| Becton Dickinson & Co.(a) |
39,400 | 3,268,230 | ||||||
| Medtronic, Inc.(a) |
210,700 | 8,074,024 | ||||||
| 11,342,254 | ||||||||
| Hotels, Restaurants & Leisure – 3.0% |
||||||||
| McDonald’s Corp.(a) |
228,800 | 16,855,696 | ||||||
| Household Products – 5.9% |
||||||||
| Clorox Co.(a) |
89,000 | 5,597,210 | ||||||
| Colgate-Palmolive Co.(a) |
60,900 | 4,675,293 | ||||||
| Kimberly-Clark Corp.(a) |
104,150 | 6,741,630 | ||||||
| Procter & Gamble Co. (The)(a) |
262,400 | 16,565,312 | ||||||
| 33,579,445 | ||||||||
| Industrial Conglomerates – 2.7% |
||||||||
| 3M Co.(a) |
130,800 | 11,499,936 | ||||||
| General Electric Co.(a) |
182,100 | 3,667,494 | ||||||
| 15,167,430 | ||||||||
| Insurance – 2.7% |
||||||||
| Chubb Corp.(a) |
109,000 | 6,314,370 | ||||||
| Travelers Cos., Inc. (The)(a) |
159,900 | 8,995,974 | ||||||
| 15,310,344 | ||||||||
| IT Services – 6.2% |
||||||||
| Automatic Data Processing, Inc.(a) |
53,500 | 2,562,650 | ||||||
| International Business Machines Corp.(a) |
190,100 | 30,796,200 | ||||||
| Paychex, Inc.(a) |
49,200 | 1,574,400 | ||||||
| 34,933,250 | ||||||||
Portfolio Abbreviations
| To simplify the listings of the portfolio holdings in the Trusts Schedules of Investments, the names and descriptions of many securities have been abbreviated according to the following list: | ADR | American Depositary Receipt | GDR | Global Depositary Receipt | ||||
| AUD | Australian Dollar | HKD | Hong Kong Dollar | |||||
| CAD | Canadian Dollar | JPY | Japanese Yen | |||||
| CHF | Swiss Franc | MXN | Mexican Peso | |||||
| DKK | Danish Krone | USD | US Dollar | |||||
| EUR | Euro | ZAR | South African Rand | |||||
| GBP | British Pound |
| JANUARY 31, 2011 | 1 |
| Schedule of Investments (continued) | BlackRock Dividend AchieversTM Trust (BDV) | |
| (Percentages shown are based on Net Assets) |
| Shares | Value | |||||||
| Common Stocks |
||||||||
| Machinery – 4.2% |
||||||||
| Caterpillar, Inc.(a) |
229,500 | $ | 22,263,795 | |||||
| Pentair, Inc.(a) |
41,800 | 1,511,906 | ||||||
| 23,775,701 | ||||||||
| Media – 0.3% |
||||||||
| McGraw-Hill Cos., Inc. (The)(a) |
40,500 | 1,578,690 | ||||||
| Metals & Mining – 2.0% |
||||||||
| BHP Billiton Ltd. - ADR(a) |
88,800 | 7,905,864 | ||||||
| Nucor Corp.(a) |
71,600 | 3,287,156 | ||||||
| 11,193,020 | ||||||||
| Multiline Retail – 1.3% |
||||||||
| Family Dollar Stores, Inc.(a) |
28,200 | 1,197,936 | ||||||
| Target Corp.(a) |
117,950 | 6,467,198 | ||||||
| 7,665,134 | ||||||||
| Multi-Utilities – 0.8% |
||||||||
| NSTAR(a) |
65,600 | 2,845,728 | ||||||
| Vectren Corp.(a) |
66,300 | 1,756,287 | ||||||
| 4,602,015 | ||||||||
| Oil, Gas & Consumable Fuels – 11.4% |
||||||||
| Chevron Corp.(a) |
246,150 | 23,367,020 | ||||||
| Exxon Mobil Corp.(a) |
269,700 | 21,759,396 | ||||||
| Marathon Oil Corp.(a) |
135,900 | 6,210,630 | ||||||
| Murphy Oil Corp. |
196,100 | 13,001,430 | ||||||
| 64,338,476 | ||||||||
| Personal Products – 0.6% |
||||||||
| Avon Products, Inc.(a) |
124,300 | 3,518,933 | ||||||
| Pharmaceuticals – 8.3% |
||||||||
| Abbott Laboratories |
335,400 | 15,146,664 | ||||||
| Eli Lilly & Co.(a) |
147,900 | 5,142,483 | ||||||
| Johnson & Johnson(a) |
286,300 | 17,112,151 | ||||||
| Merck & Co., Inc.(a) |
157,100 | 5,211,007 | ||||||
| Pfizer, Inc.(a) |
235,000 | 4,281,700 | ||||||
| 46,894,005 | ||||||||
| Semiconductors & Semiconductor Equipment – 0.5% |
||||||||
| Linear Technology Corp.(a) |
85,400 | 2,971,066 | ||||||
| Specialty Retail – 1.7% |
||||||||
| Lowe’s Cos., Inc. |
215,900 | 5,354,320 | ||||||
| TJX Cos., Inc.(a) |
88,900 | 4,212,971 | ||||||
| 9,567,291 | ||||||||
| Textiles, Apparel & Luxury Goods – 1.0% |
||||||||
| VF Corp.(a) |
66,200 | 5,476,064 | ||||||
| Tobacco – 3.3% |
||||||||
| Altria Group, Inc.(a) |
591,700 | 13,910,867 | ||||||
| Philip Morris International, Inc.(a) |
48,900 | 2,799,036 | ||||||
| Universal Corp.(a) |
60,800 | 2,303,712 | ||||||
| 19,013,615 | ||||||||
| Water Utilities – 0.9% |
||||||||
| Aqua America, Inc.(a) |
148,200 | 3,426,384 | ||||||
| California Water Service Group(a) |
41,700 | 1,522,050 | ||||||
| 4,948,434 | ||||||||
| Total Long-Term Investments |
|
556,932,667 |
| |||||
| Short-Term Securities |
||||||||
| BlackRock Liquidity Funds, TempFund, Institutional Class, |
||||||||
| 0.17%(b)(c) |
9,573,792 | 9,573,792 | ||||||
| Total Short-Term Securities |
|
9,573,792 |
| |||||
| Total Investments Before Outstanding Options Written |
|
566,506,459 |
| |||||
| Contracts | ||||||||
| Options Written |
||||||||
| Exchange-Traded Call Options Written – (0.2)% |
||||||||
| 3M Co., Strike Price USD 90, Expires 3/21/11 |
260 | (30,680 | ) | |||||
| Air Products & Chemicals, Inc., Strike Price USD 90, Expires 2/22/11 |
53 | (5,565 | ) | |||||
| AT&T Inc., Strike Price USD 29, Expires 2/22/11 |
690 | (3,105 | ) | |||||
| AT&T Inc., Strike Price USD 29, Expires 3/21/11 |
530 | (6,360 | ) | |||||
| Automatic Data Processing, Inc., Strike Price USD 50, Expires 3/21/11 |
110 | (3,025 | ) | |||||
| Avon Products, Inc., Strike Price USD 30, Expires 2/22/11 |
125 | (2,812 | ) | |||||
| Becton Dickinson & Co., Strike Price USD 85, Expires 2/22/11 |
80 | (3,600 | ) | |||||
| BHP Billiton Ltd. - ADR, Strike Price USD 90, Expires 2/22/11 |
180 | (34,380 | ) | |||||
| Caterpillar, Inc., Strike Price USD 95, Expires 2/22/11 |
220 | (73,700 | ) | |||||
| Chevron Corp, Strike Price USD 90, Expires 2/22/11 |
490 | (254,800 | ) | |||||
| Eli Lilly & Co., Strike Price USD 35, Expires 2/22/11 |
180 | (4,230 | ) | |||||
| Family Dollar Stores, Inc., Strike Price USD 44, Expires 3/21/11 |
55 | (3,575 | ) | |||||
| General Dynamics Corp., Strike Price USD 75, Expires 2/21/11 |
340 | (47,600 | ) | |||||
| General Electric Co., Strike Price USD 18, Expires 2/22/11 |
80 | (17,440 | ) | |||||
| General Electric Co., Strike Price USD 19, Expires 2/22/11 |
285 | (35,910 | ) | |||||
| Halliburton Co., Strike Price USD 40, Expires 3/21/11 |
115 | (64,975 | ) | |||||
| Halliburton Co., Strike Price USD 41, Expires 3/21/11 |
115 | (55,200 | ) | |||||
| JPMorgan Chase & Co., Strike Price USD 41, Expires 2/22/11 |
255 | (104,550 | ) | |||||
| JPMorgan Chase & Co., Strike Price USD 46, Expires 3/21/11 |
250 | (27,500 | ) | |||||
| Linear Technology Corp., Strike Price USD 35, Expires 3/21/11 |
170 | (16,575 | ) | |||||
| Marathon Oil Corp., Strike Price USD 43, Expires 3/21/11 |
271 | (91,462 | ) | |||||
| McDonald’s Corp., Strike Price USD 75, Expires 3/21/11 |
480 | (42,000 | ) | |||||
| McGraw-Hill Cos., Inc. (The), Strike Price USD 37.50, Expires 2/22/11 |
82 | (15,170 | ) | |||||
| Medtronic, Inc., Strike Price USD 37, Expires 2/22/11 |
420 | (68,250 | ) | |||||
| Merck & Co., Inc., Strike Price USD 34, Expires 2/21/11 |
315 | (9,450 | ) | |||||
| National Fuel Gas Co., Strike Price USD 65, Expires 2/22/11 |
95 | (37,525 | ) | |||||
| Nucor Corp., Strike Price USD 45, Expires 2/22/11 |
145 | (23,562 | ) | |||||
| 2 | JANUARY 31, 2011 |
| Schedule of Investments (continued) | BlackRock Dividend AchieversTM Trust (BDV) | |
| (Percentages shown are based on Net Assets) |
| Contracts | Value | |||||||
| Options Written |
||||||||
| Exchange-Traded Call Options Written (continued) |
||||||||
| PepsiCo, Inc., Strike Price USD 65, Expires 3/21/11 |
390 | $ | (34,905 | ) | ||||
| Philip Morris International, Inc., Strike Price USD 57.50, Expires 3/21/11 |
98 | (13,083 | ) | |||||
| Pitney Bowes, Inc., Strike Price USD 25, Expires 2/22/11 |
129 | (2,580 | ) | |||||
| Pitney Bowes, Inc., Strike Price USD 24, Expires 3/21/11 |
130 | (10,400 | ) | |||||
| PPL Corp., Strike Price USD 26, Expires 4/18/11 |
40 | (2,200 | ) | |||||
| Procter & Gamble Co. (The), Strike Price USD 65, Expires 2/21/11 |
525 | (7,875 | ) | |||||
| Progress Energy, Inc., Strike Price USD 45, Expires 2/21/11 |
330 | (13,200 | ) | |||||
| Questar Corp., Strike Price USD 18, Expires 2/22/11 |
375 | (5,625 | ) | |||||
| Raytheon Co., Strike Price USD 50, Expires 2/22/11 |
125 | (11,500 | ) | |||||
| Raytheon Co., Strike Price USD 52.50, Expires 3/21/11 |
125 | (6,125 | ) | |||||
| Sherwin-Williams Co. (The), Strike Price USD 85, Expires 2/22/11 |
40 | (5,300 | ) | |||||
| Toronto-Dominion Bank (The), Strike Price USD 70, Expires 2/22/11 |
16 | (8,080 | ) | |||||
| Toronto-Dominion Bank (The), Strike Price USD 75, Expires 2/22/11 |
53 | (6,095 | ) | |||||
| Travelers Cos., Inc. (The), Strike Price USD 55, Expires 2/22/11 |
160 | (27,200 | ) | |||||
| U.S. BanCorp, Strike Price USD 27, Expires 2/22/11 |
210 | (12,075 | ) | |||||
| Total Exchange-Traded Call Options Written |
(1,249,244 | ) | ||||||
| Over-the-Counter Call Options Written – (0.3)% |
||||||||
| Altria Group, Inc., Strike Price USD 25.25, Expires 2/01/11, Broker Morgan Stanley & Co., Inc. |
58,000 | (1 | ) | |||||
| Altria Group, Inc., Strike Price USD 24.50, Expires 3/11/11, Broker Goldman Sachs & Co. |
60,000 | (3,967 | ) | |||||
| Aqua America, Inc., Strike Price USD 22, Expires 2/02/11, Broker JPMorgan Chase Securities |
10,000 | (11,200 | ) | |||||
| Aqua America, Inc., Strike Price USD 23.50, Expires 3/07/11, Broker UBS Securities LLC |
9,800 | (2,580 | ) | |||||
| Aqua America, Inc., Strike Price USD 23.45, Expires 3/14/11, Broker Citigroup Global Markets, Inc. |
5,000 | (2,369 | ) | |||||
| Aqua America, Inc., Strike Price USD 23.25, Expires 3/14/11, Broker UBS Securities LLC |
4,800 | (2,016 | ) | |||||
| Atmos Energy Corp., Strike Price USD 32.02, Expires 2/15/11, Broker JPMorgan Chase Securities |
11,500 | (12,482 | ) | |||||
| Atmos Energy Corp., Strike Price USD 32.02, Expires 3/07/11, Broker JPMorgan Chase Securities |
11,500 | (16,711 | ) | |||||
| Avon Products, Inc., Strike Price USD 29.75, Expires 2/25/11, Broker Jefferies & Co., Inc. |
125 | (4,002 | ) | |||||
| Bank of Hawaii Corp., Strike Price USD 47.48, Expires 3/31/11, Broker Morgan Stanley & Co., Inc. |
11,000 | (12,452 | ) | |||||
| Brown-Forman Corp., Class B, Strike Price USD 69.30, Expires 2/08/11, Broker UBS Securities LLC |
23,400 | (251 | ) | |||||
| California Water Service Group, Strike Price USD 37.72, Expires 2/28/11, Broker Barclays Capital, Inc. |
4,200 | (612 | ) | |||||
| California Water Service Group, Strike Price USD 37.72, Expires 3/11/11, Broker Barclays Capital, Inc. |
4,200 | (891 | ) | |||||
| Caterpillar, Inc., Strike Price USD 95.11, Expires 3/17/11, Broker Goldman Sachs & Co. |
12,000 | (50,348 | ) | |||||
| Caterpillar, Inc., Strike Price USD 95.11, Expires 3/24/11, Broker Goldman Sachs & Co. |
12,000 | (53,022 | ) | |||||
| CenturyLink, Inc., Strike Price USD 43.07, Expires 3/08/11, Broker Goldman Sachs & Co. |
65,000 | (53,273 | ) | |||||
| Chubb Corp., Strike Price USD 57.96, Expires 2/28/11, Broker JPMorgan Chase Securities |
21,800 | (19,068 | ) | |||||
| Clorox Co., Strike Price USD 62.60, Expires 2/09/11, Broker Morgan Stanley & Co., Inc. |
18,000 | (13,160 | ) | |||||
| Coca-Cola Co. (The), Strike Price USD 63.50, Expires 3/11/11, Broker Goldman Sachs & Co. |
48,000 | (37,049 | ) | |||||
| Colgate-Palmolive Co., Strike Price USD 79.62, Expires 2/11/11, Broker Morgan Stanley & Co., Inc. |
12,000 | (673 | ) | |||||
| Cullen/Frost Bankers, Inc., Strike Price USD 61.71, Expires 3/10/11, Broker JPMorgan Chase Securities |
9,000 | (1,583 | ) | |||||
| E. I. du Pont De Nemours & Co., Strike Price USD 51.11, Expires 3/18/11, Broker Morgan Stanley & Co., Inc. |
18,000 | (18,000 | ) | |||||
| E. I. du Pont De Nemours & Co., Strike Price USD 51.11, Expires 4/08/11, Broker Morgan Stanley & Co., Inc. |
18,000 | (23,490 | ) | |||||
| Eli Lilly & Co., Strike Price USD 34.85, Expires 3/08/11, Broker Barclays Capital, Inc. |
115 | (5,456 | ) | |||||
| Emerson Electric Co., Strike Price USD 58.50, Expires 2/22/11, Broker Jefferies & Co., Inc. |
425 | (52,439 | ) | |||||
| Exxon Mobil Corp., Strike Price USD 75.75, Expires 3/11/11, Broker Goldman Sachs & Co. |
27,000 | (140,445 | ) | |||||
| Exxon Mobil Corp., Strike Price USD 76, Expires 3/17/11, Broker Goldman Sachs & Co. |
27,000 | (137,053 | ) | |||||
| General Mills, Inc., Strike Price USD 36.47, Expires 2/11/11, Broker JPMorgan Chase Securities |
7,500 | (178 | ) | |||||
| General Mills, Inc., Strike Price USD 36.60, Expires 3/08/11, Broker Jefferies & Co., Inc. |
115 | (2,147 | ) | |||||
| International Business Machines Corp., Strike Price USD 145, Expires 2/03/11, Broker UBS Securities LLC |
380 | (646,000 | ) | |||||
| Johnson & Johnson, Strike Price USD 62.75, Expires 2/03/11, Broker Jefferies & Co., Inc. |
570 | (1 | ) | |||||
| Kimberly-Clark Corp., Strike Price USD 64.50, Expires 2/25/11, Broker Jefferies & Co., Inc. |
210 | (15,212 | ) | |||||
| Kraft Foods, Inc., Class A, Strike Price USD 30.72, Expires 3/16/11, Broker JPMorgan Chase Securities |
18,000 | (8,280 | ) | |||||
| Nextera Energy, Inc., Strike Price USD 52.94, Expires 2/04/11, Broker UBS Securities LLC |
24,000 | (14,798 | ) | |||||
| Nextera Energy, Inc., Strike Price USD 51.79, Expires 2/11/11, Broker Goldman Sachs & Co. |
5,000 | (9,022 | ) | |||||
| Northeast Utilities, Strike Price USD 32.02, Expires 3/11/11, Broker Morgan Stanley & Co., Inc. |
24,900 | (40,948 | ) | |||||
| Northeast Utilities, Strike Price USD 32.70, Expires 3/25/11, Broker Goldman Sachs & Co. |
12,000 | (17,499 | ) | |||||
| JANUARY 31, 2011 | 3 |
| Schedule of Investments (continued) | BlackRock Dividend AchieversTM Trust (BDV) | |
| (Percentages shown are based on Net Assets) |
| Contracts | Value | |||||||
| Options Written |
||||||||
| Over-the-Counter Call Options Written (continued) |
||||||||
| NSTAR, Strike Price USD 42.91, Expires 2/11/11, Broker JPMorgan Chase Securities |
7,300 | $ | (6,005 | ) | ||||
| Paychex, Inc., Strike Price USD 32.85, Expires 4/08/11, Broker UBS Securities LLC |
10,000 | (4,811 | ) | |||||
| Pentair, Inc., Strike Price USD 36.75, Expires 2/22/11, Broker Morgan Stanley & Co., Inc. |
4,300 | (2,993 | ) | |||||
| Pentair, Inc., Strike Price USD 36.75, Expires 3/04/11, Broker Morgan Stanley & Co., Inc. |
4,300 | (3,773 | ) | |||||
| Pfizer, Inc., Strike Price USD 17.40, Expires 2/07/11, Broker Jefferies & Co., Inc. |
240 | (19,846 | ) | |||||
| Pfizer, Inc., Strike Price USD 18.35, Expires 2/22/11, Broker UBS Securities LLC |
115 | (3,708 | ) | |||||
| Pfizer, Inc., Strike Price USD 18.82, Expires 3/31/11, Broker Citigroup Global Markets, Inc. |
11,500 | (3,927 | ) | |||||
| PPG Industries, Inc., Strike Price USD 83.50, Expires 3/21/11, Broker Jefferies & Co., Inc. |
120 | (30,020 | ) | |||||
| PPL Corp., Strike Price USD 26.25, Expires 2/07/11, Broker Jefferies & Co., Inc. |
115 | (426 | ) | |||||
| RPM International, Inc., Strike Price USD 24.06, Expires 3/24/11, Broker Goldman Sachs & Co. |
38,500 | (16,183 | ) | |||||
| Sysco Corp., Strike Price USD 29.75, Expires 2/07/11, Broker Jefferies & Co., Inc. |
190 | (936 | ) | |||||
| T. Rowe Price Group, Inc., Strike Price USD 66.89, Expires 3/03/11, Broker Citigroup Global Markets, Inc. |
12,000 | (17,321 | ) | |||||
| Target Corp., Strike Price USD 56.50, Expires 3/11/11, Broker Jefferies & Co., Inc. |
235 | (18,776 | ) | |||||
| TJX Cos., Inc., Strike Price USD 48.66, Expires 3/08/11, Broker UBS Securities LLC |
18,000 | (12,163 | ) | |||||
| Travelers Cos., Inc. (The), Strike Price USD 55, Expires 3/07/11, Broker Barclays Capital, Inc. |
160 | (28,646 | ) | |||||
| UGI Corp., Strike Price USD 31.90, Expires 2/22/11, Broker Jefferies & Co., Inc. |
200 | (7,010 | ) | |||||
| United Technologies Corp., Strike Price USD 82, Expires 3/28/11, Broker UBS Securities LLC |
28,500 | (54,780 | ) | |||||
| Universal Corp., Strike Price USD 38.70, Expires 3/15/11, Broker Morgan Stanley & Co., Inc. |
3,000 | (3,402 | ) | |||||
| Universal Corp., Strike Price USD 38.70, Expires 3/25/11, Broker Morgan Stanley & Co., Inc. |
3,000 | (3,870 | ) | |||||
| Vectren Corp., Strike Price USD 26.65, Expires 3/08/11, Broker UBS Securities LLC |
6,000 | (3,157 | ) | |||||
| Vectren Corp., Strike Price USD 26.56, Expires 3/31/11, Broker Goldman Sachs & Co. |
7,300 | (5,183 | ) | |||||
| VF Corp., Strike Price USD 83.03, Expires 3/08/11, Broker Goldman Sachs & Co. |
13,000 | (24,922 | ) | |||||
| Wal-Mart Stores, Inc., Strike Price USD 54, Expires 2/03/11, Broker Jefferies & Co., Inc. |
240 | (49,680 | ) | |||||
| Total Over-the-Counter Call Options Written |
(1,750,216 | ) | ||||||
| Total Options Written |
(2,999,460 | ) | ||||||
| Total Investments Net of Outstanding Options Written – 99.5% |
563,506,999 | |||||||
| Other Assets in Excess of Liabilities – 0.5% |
2,783,383 | |||||||
| Net Assets – 100.0% |
$ | 566,290,382 | ||||||
| * | The cost and unrealized appreciation (depreciation) of investments as of January 31, 2011 as computed for federal income tax purposes, were as follows: |
| Aggregate cost |
$ | 527,042,574 | ||
| Gross unrealized appreciation |
$ | 46,344,835 | ||
| Gross unrealized depreciation |
(6,880,950 | ) | ||
| Net unrealized appreciation |
$ | 39,463,885 | ||
| (a) | Security, or a portion thereof, pledged/held as collateral for outstanding options written. |
| (b) | Represents the current yield as of report date. |
| (c) | Investments in companies considered to be an affiliate of the Trust during the period, for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows: |
| Affiliate |
Shares Held at October 31, 2010 |
Net Activity | Shares Held at January 31, 2011 |
Income | ||||||||||||
| BlackRock Liquidity Funds, TempFund, Institutional Class |
6,437,531 | 3,136,261 | 9,573,792 | $ | 4,893 | |||||||||||
| • | 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 as 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 |
| • | 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 methodology 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 derivatives and other significant accounting policies, please refer to the Trust’s most recent financial statements as contained in its annual report.
| 4 | JANUARY 31, 2011 |
| Schedule of Investments (concluded) | BlackRock Dividend AchieversTM Trust (BDV) | |
The following tables summarize the inputs used as of January 31, 2011 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: |
||||||||||||||||
| Long Term Investments: |
||||||||||||||||
| Common Stocks1 |
$ | 556,932,667 | — | — | $ | 556,932,667 | ||||||||||
| Short-Term Securities |
9,573,792 | — | — | 9,573,792 | ||||||||||||
| Total |
$ | 566,506,459 | — | — | $ | 566,506,459 | ||||||||||
| 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 |
$ | (1,249,246 | ) | $ | (1,750,214 | ) | — | $ | (2,999,460 | ) | ||||||
| 2 | Derivative financial instruments are options which are shown at value. |
| JANUARY 31, 2011 | 5 |
| 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 Dividend Achievers™ Trust | ||||||
| By: | /s/ John M. Perlowski |
|||||
| John M. Perlowski | ||||||
| Chief Executive Officer (principal executive officer) of BlackRock Dividend Achievers™ Trust | ||||||
| Date: March 25, 2011 | ||||||
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
| By: | /s/ John M. Perlowski |
|||||
| John M. Perlowski | ||||||
| Chief Executive Officer (principal executive officer) of BlackRock Dividend Achievers™ Trust | ||||||
| Date: March 25, 2011 | ||||||
| By: | /s/ Neal J. Andrews |
|||||
| Neal J. Andrews | ||||||
| Chief Financial Officer (principal financial officer) of BlackRock Dividend Achievers™ Trust | ||||||
| Date: March 25, 2011 | ||||||
EX-99. CERT
CERTIFICATION PURSUANT TO RULE 30a-2(a) UNDER THE 1940 ACT AND SECTION 302 OF
THE SARBANES-OXLEY ACT OF 2002
I, John M. Perlowski, Chief Executive Officer (principal executive officer) of BlackRock Dividend Achievers™ Trust, certify that:
1. I have reviewed this report on Form N-Q of BlackRock Dividend Achievers™ Trust;
2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3. Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;
4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:
a) designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
b) designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
c) evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and
d) disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and
5. The registrant’s other certifying officer(s) and I have disclosed to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):
a) all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize, and report financial information; and
b) any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.
| Date: March 25, 2011 |
| /s/ John M. Perlowski |
| John M. Perlowski |
| Chief Executive Officer (principal executive officer) of BlackRock Dividend Achievers™ Trust |
EX-99. CERT
CERTIFICATION PURSUANT TO RULE 30a-2(a) UNDER THE 1940 ACT AND SECTION 302 OF
THE SARBANES-OXLEY ACT OF 2002
I, Neal J. Andrews, Chief Financial Officer (principal financial officer) of BlackRock Dividend Achievers™ Trust, certify that:
1. I have reviewed this report on Form N-Q of BlackRock Dividend Achievers™ Trust;
2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3. Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;
4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:
a) designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
b) designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
c) evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and
d) disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and
5. The registrant’s other certifying officer(s) and I have disclosed to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):
a) all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize, and report financial information; and
b) any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.
| Date: March 25, 2011 |
| /s/ Neal J. Andrews |
| Neal J. Andrews |
| Chief Financial Officer (principal financial officer) of BlackRock Dividend Achievers™ Trust |