N-Q 1 d330817dnq.htm BLACKROCK ENHANCED EQUITY DIVIDEND TRUST BlackRock Enhanced Equity Dividend Trust

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 Equity Dividend Trust (BDJ)

Fund Address:   100 Bellevue Parkway, Wilmington, DE 19809

Name and address of agent for service:  John M. Perlowski, Chief Executive Officer, BlackRock Enhanced Equity Dividend 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: 12/31/2017

Date of reporting period: 03/31/2017

Item 1 – Schedule of Investments

Schedule of Investments March 31, 2017 (Unaudited)      BlackRock Enhanced Equity Dividend Trust (BDJ)  
     (Percentages shown are based on Net Assets)  

 

Common Stocks    Shares      Value  

Aerospace & Defense — 2.7%

      

Lockheed Martin Corp. (a)

      82,330      $ 22,031,508  

Northrop Grumman Corp. (a)

      109,300        25,995,912  
     

 

 

  
                48,027,420  

Air Freight & Logistics — 0.8%

      

United Parcel Service, Class B (a)

      138,000        14,807,400  

Banks — 17.7%

      

Bank of America Corp. (a)

      3,086,210        72,803,694  

Citigroup, Inc. (a)

      947,620        56,686,628  

JPMorgan Chase & Co. (a)(b)

      873,518        76,729,821  

KeyCorp (a)

      537,760        9,561,373  

SunTrust Banks, Inc. (a)

      371,440        20,540,632  

U.S. Bancorp (a)

      517,643        26,658,616  

Wells Fargo & Co. (a)

      874,391        48,668,603  
     

 

 

  
                311,649,367  

Beverages — 2.2%

      

Coca-Cola Co. (a)

      455,900        19,348,396  

Diageo PLC

      675,400        19,340,174  
     

 

 

  
                38,688,570  

Capital Markets — 3.8%

      

CME Group, Inc. (a)

      36,200        4,300,560  

Goldman Sachs Group, Inc. (a)

      87,900        20,192,388  

Invesco Ltd. (a)

      326,664        10,005,718  

Morgan Stanley (a)

      763,500        32,708,340  
     

 

 

  
                67,207,006  

Chemicals — 3.3%

      

Dow Chemical Co. (a)

      722,400        45,901,296  

EI du Pont de Nemours & Co. (a)

      78,900        6,338,037  

Praxair, Inc. (a)

      42,100        4,993,060  
     

 

 

  
                57,232,393  

Communications Equipment — 0.8%

      

Motorola Solutions, Inc. (a)

      172,500        14,872,950  

Containers & Packaging — 0.5%

      

International Paper Co. (a)

      178,600        9,069,308  

Diversified Telecommunication Services — 1.6%

      

BCE, Inc. (a)

      104,200        4,612,934  

Verizon Communications, Inc. (a)

      481,800        23,487,750  
     

 

 

  
                28,100,684  

Electric Utilities — 3.3%

      

Exelon Corp. (a)

      350,500        12,610,990  

FirstEnergy Corp. (a)

      285,300        9,078,246  

NextEra Energy, Inc. (a)

      201,600        25,879,392  

PG&E Corp. (a)

      161,500        10,717,140  
     

 

 

  
                58,285,768  

Electrical Equipment — 0.3%

      

Rockwell Automation, Inc. (a)

      31,100        4,842,581  

Energy Equipment & Services — 0.4%

      

Schlumberger Ltd. (a)

      93,900        7,333,590  
Common Stocks    Shares      Value  

Equity Real Estate Investment Trusts (REITs) — 0.4%

      

Weyerhaeuser Co. (a)

      221,300      $ 7,519,774  

Food & Staples Retailing — 1.2%

      

Kroger Co. (a)

      709,600        20,926,104  

Food Products — 0.4%

      

Mondelez International, Inc.,

      

Class A (a)

      182,485        7,861,454  

Health Care Equipment & Supplies — 0.7%

      

Becton Dickinson and Co. (a)

      67,000        12,290,480  

Health Care Providers & Services — 6.3%

      

Aetna, Inc. (a)

      250,356        31,932,908  

Anthem, Inc. (a)

      225,310        37,261,768  

McKesson Corp. (a)

      55,100        8,169,126  

Quest Diagnostics, Inc. (a)

      158,700        15,582,753  

UnitedHealth Group, Inc. (a)

      105,000        17,221,050  
     

 

 

  
                110,167,605  

Hotels, Restaurants & Leisure — 0.4%

      

Hilton Worldwide Holdings, Inc. (a)

      131,850        7,707,951  

Household Products — 1.1%

      

Procter & Gamble Co. (a)

      210,320        18,897,252  

Industrial Conglomerates — 5.8%

      

3M Co. (a)

      63,500        12,149,455  

General Electric Co. (a)

      1,506,300        44,887,740  

Honeywell International, Inc. (a)

      190,600        23,800,222  

Koninklijke Philips NV

      648,900        20,845,506  
     

 

 

  
                101,682,923  

Insurance — 6.5%

      

Allstate Corp. (a)

      117,600        9,583,224  

American International Group, Inc. (a)

      545,500        34,055,565  

Marsh & McLennan Cos., Inc. (a)

      127,400        9,413,586  

MetLife, Inc. (a)

      414,000        21,867,480  

Prudential Financial, Inc. (a)

      252,400        26,926,032  

Travelers Cos., Inc. (a)

      104,200        12,560,268  
     

 

 

  
                114,406,155  

Machinery — 0.2%

      

Pentair PLC (a)

      45,800        2,875,324  

Media — 2.6%

      

Comcast Corp., Class A (a)

      924,000        34,733,160  

Publicis Groupe SA

      151,100        10,549,867  
     

 

 

  
                45,283,027  

Multiline Retail — 1.0%

      

Dollar General Corp. (a)

      244,977        17,082,246  

Multi-Utilities — 1.9%

      

Dominion Resources, Inc. (a)

      246,600        19,128,762  

Public Service Enterprise Group, Inc. (a)

      341,700        15,154,395  
     

 

 

  
                34,283,157  
 
      Portfolio Abbreviations
ADR    American Depositary Receipt      GBP    British Pound    HKD    Hong Kong Dollar
EUR    Euro      GDR    Global Depositary Receipt    USD    U.S. Dollar

 

 

          MARCH 31, 2017    1

Schedule of Investments (continued)      BlackRock Enhanced Equity Dividend Trust (BDJ)  
  

 

Common Stocks    Shares      Value  

Oil, Gas & Consumable Fuels — 11.0%

      

Anadarko Petroleum Corp. (a)

      82,000      $ 5,084,000  

Chevron Corp. (a)

      242,400        26,026,488  

Enbridge, Inc. (a)

      190,699        7,978,846  

Exxon Mobil Corp. (a)

      252,800        20,732,128  

Hess Corp. (a)

      413,310        19,925,675  

Marathon Oil Corp. (a)

      562,100        8,881,180  

Marathon Petroleum Corp. (a)

      280,900        14,196,686  

Occidental Petroleum Corp. (a)

      455,900        28,885,822  

Royal Dutch Shell PLC, A Shares — ADR (a)

      83,700        4,413,501  

Suncor Energy, Inc. (a)

      903,940        27,796,155  

TOTAL SA — ADR (a)

      601,500        30,327,630  
     

 

 

  
                194,248,111  

Personal Products — 1.2%

      

Unilever NV (a)

      429,100        21,317,688  

Pharmaceuticals — 8.1%

      

AstraZeneca PLC

      484,736        29,804,919  

Johnson & Johnson (a)

      85,000        10,586,750  

Merck & Co., Inc. (a)

      610,600        38,797,524  

Pfizer, Inc. (a)(b)

      1,856,990        63,527,628  
     

 

 

  
                142,716,821  

Professional Services — 1.3%

      

Experian PLC

      615,200        12,550,822  

Nielsen Holdings PLC (a)

      239,500        9,893,745  
     

 

 

  
                22,444,567  

Road & Rail — 0.6%

      

Union Pacific Corp. (a)

      96,500        10,221,280  

Semiconductors & Semiconductor Equipment — 2.0%

      

QUALCOMM, Inc. (a)

      190,200        10,906,068  

Taiwan Semiconductor Manufacturing Co. Ltd. — ADR (a)

      745,600        24,485,504  
     

 

 

  
                35,391,572  

Software — 4.9%

      

Constellation Software, Inc.

      2,336        1,147,931  

Microsoft Corp. (a)

      595,650        39,229,509  

Oracle Corp. (a)

      1,019,200        45,466,512  
     

 

 

  
                85,843,952  
Common Stocks    Shares      Value  

Specialty Retail — 1.6%

      

Gap, Inc. (a)

      472,100      $ 11,467,309  

Home Depot, Inc. (a)

      118,300        17,369,989  
     

 

 

  
                28,837,298  

Technology Hardware, Storage & Peripherals — 2.2%

      

Lenovo Group Ltd.

      11,844,000        7,807,632  

Samsung Electronics Co. Ltd. — GDR (c)

      34,500        31,680,308  
     

 

 

  
                39,487,940  

Tobacco — 0.9%

      

Altria Group, Inc. (a)

      105,790        7,555,522  

Philip Morris International, Inc. (a)

      70,100        7,914,290  
     

 

 

  
                15,469,812  

Water Utilities — 0.2%

      

American Water Works Co., Inc. (a)

      46,200        3,592,974  

Wireless Telecommunication Services — 0.6%

      

SK Telecom Co. Ltd. — ADR (a)

      402,800        10,142,504  
Total Long-Term Investments
(Cost — $1,363,256,163) — 100.5%		               1,770,815,008  
     
Short-Term Securities                

BlackRock Liquidity Funds, T-Fund, Institutional
Class, 0.60% (d)(e)

      3,719,966        3,719,966  
Total Short-Term Securities
(Cost — $3,719,966) — 0.2%		               3,719,966  
Total Investments Before Options Written
(Cost — $1,366,976,129*) — 100.7%		               1,774,534,974  
     
Options Written                

(Premiums Received — $18,322,506) — (0.8)%

               (14,165,988 ) 

Total Investments Net of Options Written — 99.9%

         1,760,368,986  

Other Assets Less Liabilities — 0.1%

         2,115,454  
     

 

 

  

Net Assets — 100.0%

       $ 1,762,484,440  
     

 

 

  
 
      Notes to Schedule of Investments

 

* As of March 31, 2017, gross unrealized appreciation and depreciation based on cost for federal income tax purposes were as follows:

 

Tax cost

    $ 1,393,448,113  
  

 

 

  

Gross unrealized appreciation

    $ 391,081,538  

Gross unrealized depreciation

      (9,994,677 ) 
  

 

 

  

Net unrealized appreciation

    $ 381,086,861  
  

 

 

  

 

 

 

2         MARCH 31, 2017     

Schedule of Investments (continued)      BlackRock Enhanced Equity Dividend Trust (BDJ)  

 

 

(a) All or a portion of security has been pledged and/or segregated as collateral in connection with outstanding exchange-traded options written.

 

(b) All or a portion of security has been pledged as collateral in connection with outstanding OTC derivatives.

 

(c) Non-income producing security.

 

(d) Current yield as of period end.

 

(e) During the period ended March 31, 2017, investments in issuers considered to be affiliates of the Trust for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

 

Affiliate   

Shares Held at

December 31,

2016

     

Net

Activity

     

Shares Held at

March 31,

2017

     

Value at

March 31,

2017

      Income    

Realized

Gain

     

Change in

Unrealized

Appreciation

(Depreciation)

BlackRock Liquidity Funds, T-Fund, Institutional Class

      3,630,472        89,494        3,719,966      $ 3,719,966        7,288       —      —

SL Liquidity Series, LLC, Money Market Series

      —        —        —        —        402 1    $ 40      —

Total

             $ 3,719,966      $ 7,690     $ 40      —
           

 

 

 

  1   

Represents securities lending income earned from the reinvestment of cash collateral from loaned securities, net of fees and collateral investment expenses, and other payments to and from borrowers of securities.

 

•  

For Trust compliance purposes, the Trust’s industry classifications refer to 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 the investment adviser. These definitions may not apply for purposes of this report, which may combine industry sub-classifications for reporting ease.

 

      Derivative Financial Instruments Outstanding as of Period End

 

Exchange-Traded Options Written

 

                  
Description    Put/ 
Call		     

Expiration

Date

     

Strike

Price

      Contracts      Value  

NextEra Energy, Inc.

      Call        4/06/17        USD        126.51        94      $ (21,685 ) 

Anadarko Petroleum Corp.

      Call        4/07/17        USD        67.00        207        (1,242 ) 

Bank of America Corp.

      Call        4/07/17        USD        25.00        1,205        (2,410 ) 

Chevron Corp.

      Call        4/07/17        USD        112.00        220        (660 ) 

Coca-Cola Co.

      Call        4/07/17        USD        42.00        995        (52,735 ) 

Dollar General Corp.

      Call        4/07/17        USD        74.00        137        (1,370 ) 

General Electric Co.

      Call        4/07/17        USD        30.50        1,177        (2,943 ) 

Hess Corp.

      Call        4/07/17        USD        55.50        404        (3,636 ) 

Home Depot, Inc.

      Call        4/07/17        USD        148.00        200        (7,800 ) 

Honeywell International, Inc.

      Call        4/07/17        USD        124.20        619        (93,770 ) 

Lockheed Martin Corp.

      Call        4/07/17        USD        265.00        154        (70,070 ) 

Marathon Oil Corp.

      Call        4/07/17        USD        16.50        99        (693 ) 

Marathon Oil Corp.

      Call        4/07/17        USD        17.00        268        (536 ) 

Marathon Petroleum Corp.

      Call        4/07/17        USD        51.00        156        (8,190 ) 

Marathon Petroleum Corp.

      Call        4/07/17        USD        51.50        156        (5,070 ) 

Microsoft Corp.

      Call        4/07/17        USD        65.50        188        (11,468 ) 

Microsoft Corp.

      Call        4/07/17        USD        66.00        108        (3,618 ) 

Mondelez International, Inc., Class A

      Call        4/07/17        USD        46.50        258        (1,548 ) 

Morgan Stanley

      Call        4/07/17        USD        47.00        800        (11,200 ) 

Occidental Petroleum Corp.

      Call        4/07/17        USD        66.50        25        (50 ) 

Oracle Corp.

      Call        4/07/17        USD        43.00        461        (75,604 ) 

Procter & Gamble Co.

      Call        4/07/17        USD        91.50        394        (1,773 ) 

QUALCOMM, Inc.

      Call        4/07/17        USD        58.50        278        (3,336 ) 

Schlumberger Ltd.

      Call        4/07/17        USD        82.50        86        (258 ) 

United Parcel Service, Class B

      Call        4/07/17        USD        103.00        121        (52,635 ) 

UnitedHealth Group, Inc.

      Call        4/07/17        USD        162.50        137        (31,373 ) 

UnitedHealth Group, Inc.

      Call        4/07/17        USD        170.00        94        (1,269 ) 

Wells Fargo & Co.

      Call        4/07/17        USD        59.50        780        (5,460 ) 

Weyerhaeuser Co.

      Call        4/07/17        USD        34.50        413        (6,195 ) 

TOTAL SA — ADR

      Call        4/10/17        USD        50.65        168        (7,703 ) 

Citigroup, Inc.

      Call        4/11/17        USD        59.00        710        (100,035 ) 

Altria Group, Inc.

      Call        4/13/17        USD        76.00        254        (1,524 ) 

American International Group, Inc.

      Call        4/13/17        USD        64.00        200        (4,000 ) 

Anthem, Inc.

      Call        4/13/17        USD        167.50        250        (46,750 ) 

Citigroup, Inc.

      Call        4/13/17        USD        62.00        317        (7,608 ) 

CME Group, Inc.

      Call        4/13/17        USD        120.00        93        (8,835 ) 

Comcast Corp., Class A

      Call        4/13/17        USD        37.50        261        (8,744 ) 

Dollar General Corp.

      Call        4/13/17        USD        75.00        137        (3,425 ) 

Dow Chemical Co.

      Call        4/13/17        USD        64.50        473        (17,264 ) 

 

 

 

          MARCH 31, 2017    3

Schedule of Investments (continued)      BlackRock Enhanced Equity Dividend Trust (BDJ)  

 

Description      Put/
Call		       

Expiration

Date

     

Strike

Price

        Contracts        Value  

Exxon Mobil Corp.

        Call        4/13/17        USD        84.00          152        $ (2,280 ) 

Gap, Inc.

        Call        4/13/17        USD        25.50          1,617          (21,021 ) 

General Electric Co.

        Call        4/13/17        USD        30.50          1,270          (6,350 ) 

General Electric Co.

        Call        4/13/17        USD        31.00          766          (2,298 ) 

Home Depot, Inc.

        Call        4/13/17        USD        149.00          200          (8,500 ) 

KeyCorp

        Call        4/13/17        USD        18.50          1,706          (15,354 ) 

Marathon Oil Corp.

        Call        4/13/17        USD        17.00          500          (3,500 ) 

Marathon Petroleum Corp.

        Call        4/13/17        USD        51.50          305          (16,775 ) 

Marathon Petroleum Corp.

        Call        4/13/17        USD        52.50          270          (7,425 ) 

Merck & Co., Inc.

        Call        4/13/17        USD        66.00          408          (4,896 ) 

Microsoft Corp.

        Call        4/13/17        USD        64.50          127          (20,002 ) 

Microsoft Corp.

        Call        4/13/17        USD        65.00          575          (66,125 ) 

Microsoft Corp.

        Call        4/13/17        USD        65.50          65          (4,842 ) 

Microsoft Corp.

        Call        4/13/17        USD        66.00          108          (5,130 ) 

Mondelez International, Inc., Class A

        Call        4/13/17        USD        44.50          339          (5,594 ) 

Morgan Stanley

        Call        4/13/17        USD        47.00          518          (2,590 ) 

Pfizer, Inc.

        Call        4/13/17        USD        34.00          498          (21,663 ) 

Pfizer, Inc.

        Call        4/13/17        USD        34.50          316          (5,688 ) 

Schlumberger Ltd.

        Call        4/13/17        USD        82.50          81          (648 ) 

U.S. Bancorp

        Call        4/13/17        USD        55.50          962          (20,202 ) 

United Parcel Service, Class B

        Call        4/13/17        USD        108.00          256          (18,688 ) 

UnitedHealth Group, Inc.

        Call        4/13/17        USD        170.00          136          (2,720 ) 

UnitedHealth Group, Inc.

        Call        4/13/17        USD        172.50          213          (5,112 ) 

Verizon Communications, Inc.

        Call        4/13/17        USD        50.00          350          (1,050 ) 

Verizon Communications, Inc.

        Call        4/13/17        USD        50.50          349          (1,047 ) 

Wells Fargo & Co.

        Call        4/13/17        USD        58.50          599          (5,391 ) 

Wells Fargo & Co.

        Call        4/13/17        USD        59.50          1,008          (3,528 ) 

Exelon Corp.

        Call        4/20/17        USD        35.80          913          (63,545 ) 

3M Co.

        Call        4/21/17        USD        185.00          61          (43,158 ) 

Altria Group, Inc.

        Call        4/21/17        USD        75.00          226          (1,017 ) 

American International Group, Inc.

        Call        4/21/17        USD        65.00          684          (9,918 ) 

American Water Works Co., Inc.

        Call        4/21/17        USD        80.00          250          (5,000 ) 

Anthem, Inc.

        Call        4/21/17        USD        166.00          133          (40,538 ) 

Bank of America Corp.

        Call        4/21/17        USD        25.00          2,303          (33,394 ) 

Chevron Corp.

        Call        4/21/17        USD        115.00          323          (1,454 ) 

Citigroup, Inc.

        Call        4/21/17        USD        60.00          689          (75,101 ) 

CME Group, Inc.

        Call        4/21/17        USD        125.00          88          (2,200 ) 

Coca-Cola Co.

        Call        4/21/17        USD        42.00          474          (31,521 ) 

Comcast Corp., Class A

        Call        4/21/17        USD        37.50          261          (11,745 ) 

Comcast Corp., Class A

        Call        4/21/17        USD        37.90          1,154          (32,624 ) 

Dollar General Corp.

        Call        4/21/17        USD        75.00          20          (250 ) 

Dominion Resources, Inc.

        Call        4/21/17        USD        80.00          308          (6,160 ) 

Dow Chemical Co.

        Call        4/21/17        USD        65.00          473          (19,393 ) 

EI du Pont de Nemours & Co.

        Call        4/21/17        USD        77.50          323          (109,820 ) 

Exelon Corp.

        Call        4/21/17        USD        36.00          249          (14,940 ) 

Exelon Corp.

        Call        4/21/17        USD        37.00          590          (13,275 ) 

Exxon Mobil Corp.

        Call        4/21/17        USD        85.00          319          (4,626 ) 

FirstEnergy Corp.

        Call        4/21/17        USD        31.00          268          (27,470 ) 

FirstEnergy Corp.

        Call        4/21/17        USD        32.00          268          (11,390 ) 

FirstEnergy Corp.

        Call        4/21/17        USD        33.00          145          (1,450 ) 

General Electric Co.

        Call        4/21/17        USD        30.50          327          (5,559 ) 

General Electric Co.

        Call        4/21/17        USD        31.00          2,068          (17,578 ) 

Goldman Sachs Group, Inc.

        Call        4/21/17        USD        260.00          166          (2,075 ) 

Hilton Worldwide Holdings, Inc.

        Call        4/21/17        USD        60.25          212          (8,007 ) 

Home Depot, Inc.

        Call        4/21/17        USD        145.00          408          (114,036 ) 

Invesco Ltd.

        Call        4/21/17        USD        32.00          1,777          (35,540 ) 

Johnson & Johnson

        Call        4/21/17        USD        121.05          277          (115,414 ) 

JPMorgan Chase & Co.

        Call        4/21/17        USD        90.00          129          (7,482 ) 

Kroger Co.

        Call        4/21/17        USD        30.00          352          (12,320 ) 

Lockheed Martin Corp.

        Call        4/21/17        USD        270.00          98          (25,235 ) 

Marathon Petroleum Corp.

        Call        4/21/17        USD        52.50          420          (16,800 ) 

Marsh & McLennan Cos., Inc.

        Call        4/21/17        USD        70.00          394          (155,630 ) 

McKesson Corp.

        Call        4/21/17        USD        150.00          61          (11,132 ) 

MetLife, Inc.

        Call        4/21/17        USD        55.70          414          (6,184 ) 

Microsoft Corp.

        Call        4/21/17        USD        65.00          826          (103,250 ) 

 

 

4         MARCH 31, 2017     

Schedule of Investments (continued)      BlackRock Enhanced Equity Dividend Trust (BDJ)  

 

Description      Put/
Call		       

Expiration

Date

     

Strike

Price

        Contracts        Value  

Morgan Stanley

        Call        4/21/17        USD        44.00          518        $ (29,008 ) 

Motorola Solutions, Inc.

        Call        4/21/17        USD        80.00          239          (149,375 ) 

Motorola Solutions, Inc.

        Call        4/21/17        USD        82.50          239          (99,185 ) 

Motorola Solutions, Inc.

        Call        4/21/17        USD        87.50          436          (36,842 ) 

NextEra Energy, Inc.

        Call        4/21/17        USD        130.00          95          (9,975 ) 

Nielsen Holdings PLC

        Call        4/21/17        USD        46.00          240          (3,600 ) 

Northrop Grumman Corp.

        Call        4/21/17        USD        250.00          184          (2,300 ) 

Oracle Corp.

        Call        4/21/17        USD        41.00          1,295          (482,388 ) 

Pentair PLC

        Call        4/21/17        USD        60.00          115          (37,375 ) 

Pfizer, Inc.

        Call        4/21/17        USD        33.00          2,487          (327,041 ) 

Praxair, Inc.

        Call        4/21/17        USD        120.00          136          (18,700 ) 

Procter & Gamble Co.

        Call        4/21/17        USD        90.00          313          (22,849 ) 

Public Service Enterprise Group, Inc.

        Call        4/21/17        USD        45.00          856          (29,960 ) 

QUALCOMM, Inc.

        Call        4/21/17        USD        60.00          178          (7,387 ) 

Rockwell Automation, Inc.

        Call        4/21/17        USD        155.00          94          (29,140 ) 

Rockwell Automation, Inc.

        Call        4/21/17        USD        160.00          61          (4,880 ) 

Schlumberger Ltd.

        Call        4/21/17        USD        81.00          79          (2,528 ) 

SK Telecom Co. Ltd. — ADR

        Call        4/21/17        USD        22.50          745          (214,188 ) 

Suncor Energy, Inc.

        Call        4/21/17        USD        31.00          1,035          (48,128 ) 

SunTrust Banks, Inc.

        Call        4/21/17        USD        55.00          1,028          (152,144 ) 

Taiwan Semiconductor Manufacturing Co. Ltd. — ADR

        Call        4/21/17        USD        32.00          487          (59,658 ) 

Taiwan Semiconductor Manufacturing Co. Ltd. — ADR

        Call        4/21/17        USD        33.00          1,620          (105,300 ) 

TOTAL SA — ADR

        Call        4/21/17        USD        50.00          1,380          (144,900 ) 

Travelers Cos., Inc.

        Call        4/21/17        USD        125.00          240          (10,800 ) 

U.S. Bancorp

        Call        4/21/17        USD        53.50          82          (1,640 ) 

U.S. Bancorp

        Call        4/21/17        USD        55.00          468          (2,574 ) 

Unilever NV

        Call        4/21/17        USD        50.00          1,300          (110,500 ) 

Union Pacific Corp.

        Call        4/21/17        USD        110.00          250          (9,000 ) 

United Parcel Service, Class B

        Call        4/21/17        USD        110.00          59          (2,124 ) 

UnitedHealth Group, Inc.

        Call        4/21/17        USD        170.00          94          (7,849 ) 

Walgreens Boots Alliance, Inc.

        Call        4/21/17        USD        41.00          490          (117,600 ) 

Wells Fargo & Co.

        Call        4/21/17        USD        57.00          419          (20,112 ) 

Weyerhaeuser Co.

        Call        4/21/17        USD        34.00          408          (23,460 ) 

Prudential Financial, Inc.

        Call        4/24/17        USD        106.33          516          (121,891 ) 

BCE, Inc.

        Call        4/25/17        USD        44.01          254          (16,186 ) 

Hilton Worldwide Holdings, Inc.

        Call        4/25/17        USD        58.78          303          (32,497 ) 

Honeywell International, Inc.

        Call        4/27/17        USD        124.20          619          (162,608 ) 

3M Co.

        Call        4/28/17        USD        192.50          193          (56,646 ) 

American International Group, Inc.

        Call        4/28/17        USD        65.00          548          (15,344 ) 

Anadarko Petroleum Corp.

        Call        4/28/17        USD        64.00          101          (8,484 ) 

Anthem, Inc.

        Call        4/28/17        USD        167.50          69          (24,322 ) 

Chevron Corp.

        Call        4/28/17        USD        113.00          171          (5,301 ) 

Citigroup, Inc.

        Call        4/28/17        USD        62.50          689          (29,627 ) 

Coca-Cola Co.

        Call        4/28/17        USD        42.50          667          (38,019 ) 

Comcast Corp., Class A

        Call        4/28/17        USD        38.50          645          (21,285 ) 

Dow Chemical Co.

        Call        4/28/17        USD        64.00          743          (85,074 ) 

EI du Pont de Nemours & Co.

        Call        4/28/17        USD        81.50          189          (25,042 ) 

Exxon Mobil Corp.

        Call        4/28/17        USD        83.50          159          (12,243 ) 

FirstEnergy Corp.

        Call        4/28/17        USD        32.00          317          (15,987 ) 

General Electric Co.

        Call        4/28/17        USD        30.00          133          (5,719 ) 

General Electric Co.

        Call        4/28/17        USD        30.50          885          (20,355 ) 

General Electric Co.

        Call        4/28/17        USD        31.00          383          (4,788 ) 

Goldman Sachs Group, Inc.

        Call        4/28/17        USD        252.50          75          (3,112 ) 

International Paper Co.

        Call        4/28/17        USD        52.50          893          (58,938 ) 

JPMorgan Chase & Co.

        Call        4/28/17        USD        88.50          966          (125,580 ) 

JPMorgan Chase & Co.

        Call        4/28/17        USD        92.00          261          (9,004 ) 

KeyCorp

        Call        4/28/17        USD        18.00          186          (8,556 ) 

KeyCorp

        Call        4/28/17        USD        18.50          174          (4,524 ) 

Lockheed Martin Corp.

        Call        4/28/17        USD        270.00          159          (64,395 ) 

Marathon Oil Corp.

        Call        4/28/17        USD        17.00          354          (6,903 ) 

Marathon Petroleum Corp.

        Call        4/28/17        USD        50.50          75          (12,000 ) 

McKesson Corp.

        Call        4/28/17        USD        152.50          60          (8,550 ) 

Merck & Co., Inc.

        Call        4/28/17        USD        64.50          224          (20,608 ) 

Merck & Co., Inc.

        Call        4/28/17        USD        66.50          408          (33,864 ) 

MetLife, Inc.

        Call        4/28/17        USD        53.00          1,026          (107,217 ) 

 

 

          MARCH 31, 2017    5

Schedule of Investments (continued)      BlackRock Enhanced Equity Dividend Trust (BDJ)  

 

Description      Put/
Call		       

Expiration

Date

     

Strike

Price

        Contracts        Value  

Microsoft Corp.

        Call        4/28/17        USD        66.00          695        $ (95,910 ) 

Microsoft Corp.

        Call        4/28/17        USD        66.50          54          (6,183 ) 

Mondelez International, Inc., Class A

        Call        4/28/17        USD        44.00          158          (11,139 ) 

Occidental Petroleum Corp.

        Call        4/28/17        USD        66.00          700          (24,500 ) 

Pfizer, Inc.

        Call        4/28/17        USD        34.50          2,197          (85,683 ) 

PG&E Corp.

        Call        4/28/17        USD        68.00          807          (59,142 ) 

Philip Morris International, Inc.

        Call        4/28/17        USD        114.00          350          (47,250 ) 

Schlumberger Ltd.

        Call        4/28/17        USD        82.00          39          (1,306 ) 

Suncor Energy, Inc.

        Call        4/28/17        USD        31.00          1,040          (72,280 ) 

Taiwan Semiconductor Manufacturing Co. Ltd. — ADR

        Call        4/28/17        USD        32.75          567          (50,443 ) 

U.S. Bancorp

        Call        4/28/17        USD        53.50          80          (2,280 ) 

U.S. Bancorp

        Call        4/28/17        USD        56.00          275          (2,750 ) 

United Parcel Service, Class B

        Call        4/28/17        USD        109.00          135          (19,575 ) 

Wells Fargo & Co.

        Call        4/28/17        USD        56.00          240          (24,720 ) 

Wells Fargo & Co.

        Call        4/28/17        USD        59.00          279          (5,301 ) 

Wells Fargo & Co.

        Call        4/28/17        USD        60.00          321          (3,370 ) 

Aetna, Inc.

        Call        5/01/17        USD        132.50          312          (31,811 ) 

Becton Dickinson and Co.

        Call        5/01/17        USD        184.50          239          (62,598 ) 

Allstate Corp.

        Call        5/02/17        USD        83.01          390          (22,865 ) 

Bank of America Corp.

        Call        5/03/17        USD        24.60          3,600          (124,196 ) 

Goldman Sachs Group, Inc.

        Call        5/03/17        USD        248.75          94          (8,680 ) 

TOTAL SA — ADR

        Call        5/04/17        USD        51.25          86          (7,427 ) 

3M Co.

        Call        5/05/17        USD        192.50          63          (18,302 ) 

Aetna, Inc.

        Call        5/05/17        USD        129.00          340          (78,710 ) 

Altria Group, Inc.

        Call        5/05/17        USD        74.00          24          (1,152 ) 

American International Group, Inc.

        Call        5/05/17        USD        62.00          411          (80,762 ) 

Anadarko Petroleum Corp.

        Call        5/05/17        USD        64.00          101          (12,625 ) 

Citigroup, Inc.

        Call        5/05/17        USD        59.00          1,211          (259,760 ) 

Comcast Corp., Class A

        Call        5/05/17        USD        37.55          863          (66,076 ) 

Dollar General Corp.

        Call        5/05/17        USD        72.00          465          (45,338 ) 

Exxon Mobil Corp.

        Call        5/05/17        USD        83.50          138          (12,627 ) 

General Electric Co.

        Call        5/05/17        USD        30.50          256          (7,040 ) 

JPMorgan Chase & Co.

        Call        5/05/17        USD        88.50          966          (147,798 ) 

KeyCorp

        Call        5/05/17        USD        18.00          224          (10,752 ) 

Marathon Oil Corp.

        Call        5/05/17        USD        17.50          247          (4,940 ) 

Marathon Petroleum Corp.

        Call        5/05/17        USD        52.50          443          (38,762 ) 

Merck & Co., Inc.

        Call        5/05/17        USD        65.00          223          (18,620 ) 

MetLife, Inc.

        Call        5/05/17        USD        53.50          315          (36,068 ) 

Microsoft Corp.

        Call        5/05/17        USD        67.00          347          (35,047 ) 

Mondelez International, Inc., Class A

        Call        5/05/17        USD        44.50          157          (10,676 ) 

Morgan Stanley

        Call        5/05/17        USD        44.00          800          (63,600 ) 

Northrop Grumman Corp.

        Call        5/05/17        USD        242.50          179          (56,832 ) 

Pfizer, Inc.

        Call        5/05/17        USD        34.50          1,024          (51,200 ) 

Schlumberger Ltd.

        Call        5/05/17        USD        80.00          143          (13,514 ) 

Suncor Energy, Inc.

        Call        5/05/17        USD        31.50          259          (14,763 ) 

Taiwan Semiconductor Manufacturing Co. Ltd. — ADR

        Call        5/05/17        USD        33.00          566          (48,267 ) 

U.S. Bancorp

        Call        5/05/17        USD        52.50          560          (37,800 ) 

United Parcel Service, Class B

        Call        5/05/17        USD        107.00          190          (50,065 ) 

Weyerhaeuser Co.

        Call        5/05/17        USD        34.50          285          (19,950 ) 

Prudential Financial, Inc.

        Call        5/08/17        USD        112.10          746          (58,825 ) 

Suncor Energy, Inc.

        Call        5/08/17        USD        32.10          1,275          (37,633 ) 

Marsh & McLennan Cos., Inc.

        Call        5/10/17        USD        73.60          243          (43,663 ) 

Anthem, Inc.

        Call        5/11/17        USD        166.00          133          (58,400 ) 

Bank of America Corp.

        Call        5/11/17        USD        25.55          3,653          (69,560 ) 

JPMorgan Chase & Co.

        Call        5/11/17        USD        92.05          1,192          (72,068 ) 

Travelers Cos., Inc.

        Call        5/11/17        USD        122.01          437          (82,975 ) 

American International Group, Inc.

        Call        5/12/17        USD        64.00          684          (116,622 ) 

Chevron Corp.

        Call        5/12/17        USD        110.00          33          (4,042 ) 

Citigroup, Inc.

        Call        5/12/17        USD        61.50          1,122          (106,029 ) 

Dollar General Corp.

        Call        5/12/17        USD        72.00          465          (55,800 ) 

Exxon Mobil Corp.

        Call        5/12/17        USD        84.50          96          (6,048 ) 

Gap, Inc.

        Call        5/12/17        USD        25.00          154          (10,472 ) 

General Electric Co.

        Call        5/12/17        USD        30.50          463          (14,816 ) 

Hess Corp.

        Call        5/12/17        USD        50.00          460          (61,640 ) 

Marathon Oil Corp.

        Call        5/12/17        USD        17.00          327          (12,099 ) 

 

 

6         MARCH 31, 2017     

Schedule of Investments (continued)      BlackRock Enhanced Equity Dividend Trust (BDJ)  

 

Description      Put/
Call		       

Expiration

Date

       

Strike

Price

        Contracts        Value  

McKesson Corp.

        Call          5/12/17          USD        155.00          157        $ (41,212 ) 

Merck & Co., Inc.

        Call          5/12/17          USD        63.50          414          (66,033 ) 

Microsoft Corp.

        Call          5/12/17          USD        66.00          478          (75,524 ) 

Pfizer, Inc.

        Call          5/12/17          USD        34.50          1,348          (72,118 ) 

Royal Dutch Shell PLC, A Shares — ADR

        Call          5/12/17          USD        54.00          209          (17,242 ) 

Schlumberger Ltd.

        Call          5/12/17          USD        80.00          104          (11,752 ) 

Verizon Communications, Inc.

        Call          5/12/17          USD        50.00          855          (28,643 ) 

American Water Works Co., Inc.

        Call          5/17/17          USD        77.25          39          (5,723 ) 

Aetna, Inc.

        Call          5/19/17          USD        135.00          417          (46,078 ) 

Allstate Corp.

        Call          5/19/17          USD        81.65          198          (38,214 ) 

Altria Group, Inc.

        Call          5/19/17          USD        75.00          24          (948 ) 

American International Group, Inc.

        Call          5/19/17          USD        67.50          200          (5,300 ) 

Anthem, Inc.

        Call          5/19/17          USD        170.00          203          (73,588 ) 

Bank of America Corp.

        Call          5/19/17          USD        24.00          3,800          (269,800 ) 

Chevron Corp.

        Call          5/19/17          USD        110.00          335          (43,550 ) 

Coca-Cola Co.

        Call          5/19/17          USD        43.00          827          (40,523 ) 

Comcast Corp., Class A

        Call          5/19/17          USD        37.55          863          (79,297 ) 

Dominion Resources, Inc.

        Call          5/19/17          USD        77.50          616          (115,500 ) 

Dow Chemical Co.

        Call          5/19/17          USD        65.00          962          (107,263 ) 

Enbridge, Inc.

        Call          5/19/17          USD        42.50          463          (34,725 ) 

Exxon Mobil Corp.

        Call          5/19/17          USD        85.00          237          (13,154 ) 

Gap, Inc.

        Call          5/19/17          USD        25.00          590          (56,640 ) 

General Electric Co.

        Call          5/19/17          USD        31.00          452          (10,622 ) 

Goldman Sachs Group, Inc.

        Call          5/19/17          USD        235.00          104          (54,600 ) 

Hess Corp.

        Call          5/19/17          USD        50.00          743          (106,620 ) 

Johnson & Johnson

        Call          5/19/17          USD        121.05          277          (111,792 ) 

JPMorgan Chase & Co.

        Call          5/19/17          USD        92.50          903          (60,050 ) 

KeyCorp

        Call          5/19/17          USD        18.00          223          (13,046 ) 

Kroger Co.

        Call          5/19/17          USD        30.00          745          (50,288 ) 

Marathon Oil Corp.

        Call          5/19/17          USD        17.00          352          (14,256 ) 

Merck & Co., Inc.

        Call          5/19/17          USD        65.00          447          (44,924 ) 

Merck & Co., Inc.

        Call          5/19/17          USD        67.50          929          (31,122 ) 

MetLife, Inc.

        Call          5/19/17          USD        52.50          315          (58,118 ) 

Microsoft Corp.

        Call          5/19/17          USD        65.00          300          (66,300 ) 

Nielsen Holdings PLC

        Call          5/19/17          USD        46.00          480          (7,200 ) 

Northrop Grumman Corp.

        Call          5/19/17          USD        250.00          184          (25,760 ) 

Occidental Petroleum Corp.

        Call          5/19/17          USD        67.50          825          (37,122 ) 

Oracle Corp.

        Call          5/19/17          USD        43.00          523          (98,324 ) 

Oracle Corp.

        Call          5/19/17          USD        45.00          774          (47,601 ) 

Oracle Corp.

        Call          5/19/17          USD        46.00          1,256          (35,168 ) 

Pentair PLC

        Call          5/19/17          USD        65.00          114          (13,110 ) 

Pfizer, Inc.

        Call          5/19/17          USD        35.00          1,414          (46,662 ) 

Praxair, Inc.

        Call          5/19/17          USD        120.00          137          (42,128 ) 

Procter & Gamble Co.

        Call          5/19/17          USD        92.50          344          (17,028 ) 

QUALCOMM, Inc.

        Call          5/19/17          USD        60.00          780          (64,740 ) 

Quest Diagnostics, Inc.

        Call          5/19/17          USD        100.00          542          (73,170 ) 

Schlumberger Ltd.

        Call          5/19/17          USD        82.50          78          (4,407 ) 

Suncor Energy, Inc.

        Call          5/19/17          USD        33.00          389          (9,530 ) 

Taiwan Semiconductor Manufacturing Co. Ltd. — ADR

        Call          5/19/17          USD        33.00          488          (50,020 ) 

TOTAL SA — ADR

        Call          5/19/17          USD        52.50          1,373          (82,380 ) 

U.S. Bancorp

        Call          5/19/17          USD        55.00          161          (3,703 ) 

Unilever NV

        Call          5/19/17          USD        50.32          416          (43,005 ) 

Union Pacific Corp.

        Call          5/19/17          USD        110.00          233          (37,979 ) 

United Parcel Service, Class B

        Call          5/19/17          USD        110.00          136          (17,952 ) 

UnitedHealth Group, Inc.

        Call          5/19/17          USD        170.00          81          (14,661 ) 

Verizon Communications, Inc.

        Call          5/19/17          USD        50.00          855          (33,345 ) 

Wells Fargo & Co.

        Call          5/19/17          USD        60.00          305          (7,320 ) 

Quest Diagnostics, Inc.

        Call          6/06/17          USD        98.37          489          (116,871 ) 

Unilever NV

        Call          6/06/17          USD        50.34          429          (54,992 ) 

Public Service Enterprise Group, Inc.

        Call          6/12/17          USD        44.75          292          (26,864 ) 

Dow Chemical Co.

        Call          6/16/17          USD        65.00          962          (145,743 ) 

Exxon Mobil Corp.

        Call          6/16/17          USD        85.00          156          (14,274 ) 

General Electric Co.

        Call          6/16/17          USD        31.00          222          (7,992 ) 

Total

                             $ (11,511,077 ) 
                           

 

 

  

 

 

          MARCH 31, 2017    7

Schedule of Investments (continued)      BlackRock Enhanced Equity Dividend Trust (BDJ)  

 

OTC Options Written

 

Description    Put/
Call		      Counterparty    Expiration
Date		     

Strike

Price

      Contracts      Value  

Kroger Co.

      Call      Citibank N.A.      4/05/17        USD        34.60        107,400      $ (1 ) 

Publicis Groupe SA

      Call      UBS AG      4/05/17        EUR        64.54        21,900        (28,164 ) 

AstraZeneca PLC

      Call      Morgan Stanley & Co. International PLC      4/07/17        GBP        46.50        80,000        (263,036 ) 

Diageo PLC

      Call      Morgan Stanley & Co. International PLC      4/07/17        GBP        22.40        142,000        (89,826 ) 

NextEra Energy, Inc.

      Call      Morgan Stanley & Co. International PLC      4/12/17        USD        129.68        63,300        (48,446 ) 

Publicis Groupe SA

      Call      Morgan Stanley & Co. International PLC      4/12/17        EUR        62.84        20,600        (60,893 ) 

Samsung Electronics Co. Ltd. — GDR

      Call      Credit Suisse International      4/12/17        USD        858.50        9,800        (589,010 ) 

Kroger Co.

      Call      Morgan Stanley & Co. International PLC      4/13/17        USD        29.26        107,500        (62,602 ) 

NextEra Energy, Inc.

      Call      UBS AG      4/18/17        USD        125.60        18,600        (68,560 ) 

Diageo PLC

      Call      HSBC Bank PLC      4/19/17        GBP        22.74        142,000        (66,692 ) 

Experian PLC

      Call      HSBC Bank PLC      4/19/17        GBP        16.38        69,600        (11,798 ) 

Public Service Enterprise Group, Inc.

      Call      Citibank N.A.      4/20/17        USD        43.34        12,000        (15,712 ) 

AstraZeneca PLC

      Call      Morgan Stanley & Co. International PLC      4/25/17        GBP        48.99        68,000        (86,633 ) 

Becton Dickinson and Co.

      Call      UBS AG      4/25/17        USD        180.15        19,600        (97,406 ) 

Diageo PLC

      Call      Deutsche Bank AG      4/26/17        GBP        23.45        53,700        (9,008 ) 

Experian PLC

      Call      Morgan Stanley & Co. International PLC      4/26/17        GBP        16.07        120,000        (50,923 ) 

Koninklijke Philips NV

      Call      Morgan Stanley & Co. International PLC      4/26/17        EUR        29.20        89,000        (107,033 ) 

Dominion Resources, Inc.

      Call      Morgan Stanley & Co. International PLC      4/28/17        USD        78.74        30,900        (20,347 ) 

Samsung Electronics Co. Ltd. — GDR

      Call      UBS AG      4/28/17        USD        925.14        3,700        (74,327 ) 

Aetna, Inc.

      Call      Morgan Stanley & Co. International PLC      5/01/17        USD        131.10        18,200        (25,875 ) 

Experian PLC

      Call      Credit Suisse International      5/02/17        GBP        16.61        118,000        (27,975 ) 

Koninklijke Philips NV

      Call      Morgan Stanley & Co. International PLC      5/02/17        EUR        30.46        31,000        (19,719 ) 

Koninklijke Philips NV

      Call      Morgan Stanley & Co. International PLC      5/03/17        EUR        29.21        163,500        (227,783 ) 

AstraZeneca PLC

      Call      Morgan Stanley & Co. International PLC      5/05/17        GBP        50.09        26,800        (29,967 ) 

Comcast Corp., Class A

      Call      Barclays Bank PLC      5/05/17        USD        37.22        57,200        (57,280 ) 

Morgan Stanley

      Call      UBS AG      5/05/17        USD        45.75        60,000        (19,952 ) 

AstraZeneca PLC

      Call      Morgan Stanley & Co. International PLC      5/09/17        GBP        50.27        67,500        (74,797 ) 

Publicis Groupe SA

      Call      Credit Suisse International      5/09/17        EUR        63.46        14,000        (44,458 ) 

SK Telecom Co. Ltd. — ADR

      Call      UBS AG      5/09/17        USD        25.38        74,500        (41,970 ) 

Kroger Co.

      Call      UBS AG      5/10/17        USD        30.26        30,200        (14,132 ) 

Samsung Electronics Co. Ltd. — GDR

      Call      Credit Suisse International      5/10/17        USD        929.68        3,700        (84,488 ) 

Lenovo Group Ltd.

      Call      JPMorgan Chase Bank N.A.      5/11/17        HKD        5.02        500,000        (17,772 ) 

Publicis Groupe SA

      Call      UBS AG      5/11/17        EUR        63.21        19,000        (63,731 ) 

SK Telecom Co. Ltd. — ADR

      Call      Deutsche Bank AG      5/11/17        USD        25.56        52,400        (30,476 ) 

SunTrust Banks, Inc.

      Call      Goldman Sachs International      5/15/17        USD        58.25        83,500        (71,777 ) 

Public Service Enterprise Group, Inc.

      Call      Barclays Bank PLC      5/16/17        USD        45.00        44,000        (34,749 ) 

BCE, Inc.

      Call      Citibank N.A.      6/01/17        USD        44.72        26,700        (17,593 ) 

Total

                      $ (2,654,911 ) 
                    

 

 

  

 

      Fair Value Hierarchy as of Period End

Various inputs are used in determining the fair value of investments and derivative financial instruments. These inputs to valuation techniques are categorized into a fair value hierarchy consisting of three broad levels for financial reporting purposes as follows:

 

  •  

Level 1 — unadjusted price quotations in active markets/exchanges for identical assets or liabilities that the Trust has the ability to access

 

  •  

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 derivative financial instruments)

The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the fair value hierarchy classification is determined based on the lowest level input that is significant to the fair value measurement in its entirety. Investments classified within Level 3 have significant unobservable inputs used by the BlackRock Global Valuation Methodologies Committee (the “Global Valuation Committee”) in determining the price for Fair Valued Investments. Level 3 investments include equity or debt issued by privately held companies or funds. There may not be a secondary market, and/or there are a limited number of investors. Level 3

 

 

8         MARCH 31, 2017     

Schedule of Investments (concluded)      BlackRock Enhanced Equity Dividend Trust (BDJ)  

 

investments may also be adjusted to reflect illiquidity and/or non-transferability, with the amount of such discount estimated by the Global Valuation Committee in the absence of market information.

Changes in valuation techniques may result in transfers into or out of an assigned level within the hierarchy. In accordance with the Trust’s policy, transfers between different levels of the fair value hierarchy are deemed to have occurred as of the beginning of the reporting period. The categorization of a value determined for investments and derivative financial instruments is based on the pricing transparency of the investments and derivative financial instruments and is not necessarily an indication of the risks associated with investing in those securities. For information about the Trust’s policy regarding valuation of investments and derivative financial instruments, refer to the Trust’s most recent financial statements as contained in its annual report.

The following tables summarize the Trust’s investments and derivative financial instruments categorized in the disclosure hierarchy:

 

      Level 1     Level 2     Level 3      Total  

Assets:

          

Investments:

          

Long-Term Investments:

          

Common Stocks:

          

Aerospace & Defense

    $ 48,027,420       —       —        $ 48,027,420  

Air Freight & Logistics

      14,807,400       —       —          14,807,400  

Banks

      311,649,367       —       —          311,649,367  

Beverages

      19,348,396     $ 19,340,174       —          38,688,570  

Capital Markets

      67,207,006       —       —          67,207,006  

Chemicals

      57,232,393       —       —          57,232,393  

Communications Equipment

      14,872,950       —       —          14,872,950  

Containers & Packaging

      9,069,308       —       —          9,069,308  

Diversified Telecommunication Services

      28,100,684       —       —          28,100,684  

Electric Utilities

      58,285,768       —       —          58,285,768  

Electrical Equipment

      4,842,581       —       —          4,842,581  

Energy Equipment & Services

      7,333,590       —       —          7,333,590  

Equity Real Estate Investment Trusts (REITs)

      7,519,774       —       —          7,519,774  

Food & Staples Retailing

      20,926,104       —       —          20,926,104  

Food Products

      7,861,454       —       —          7,861,454  

Health Care Equipment & Supplies

      12,290,480       —       —          12,290,480  

Health Care Providers & Services

      110,167,605       —       —          110,167,605  

Hotels, Restaurants & Leisure

      7,707,951       —       —          7,707,951  

Household Products

      18,897,252       —       —          18,897,252  

Industrial Conglomerates

      80,837,417       20,845,506       —          101,682,923  

Insurance

      114,406,155       —       —          114,406,155  

Machinery

      2,875,324       —       —          2,875,324  

Media

      34,733,160       10,549,867       —          45,283,027  

Multiline Retail

      17,082,246       —       —          17,082,246  

Multi-Utilities

      34,283,157       —       —          34,283,157  

Oil, Gas & Consumable Fuels

      194,248,111       —       —          194,248,111  

Personal Products

      21,317,688       —       —          21,317,688  

Pharmaceuticals

      112,911,902       29,804,919       —          142,716,821  

Professional Services

      9,893,745       12,550,822       —          22,444,567  

Road & Rail

      10,221,280       —       —          10,221,280  

Semiconductors & Semiconductor Equipment

      35,391,572       —       —          35,391,572  

Software

      85,843,952       —       —          85,843,952  

Specialty Retail

      28,837,298       —       —          28,837,298  

Technology Hardware, Storage & Peripherals

      —       39,487,940       —          39,487,940  

Tobacco

      15,469,812       —       —          15,469,812  

Water Utilities

      3,592,974       —       —          3,592,974  

Wireless Telecommunication Services

      10,142,504       —       —          10,142,504  

Short-Term Securities

      3,719,966       —       —          3,719,966  
  

 

 

  

Total Investments

    $   1,641,955,746     $   132,579,228       —        $   1,774,534,974  
  

 

 

  
         

Derivative Financial Instruments1

                                  

Liabilities:

          

Equity contracts

    $ (9,291,016 )    $ (4,874,972 )      —        $ (14,165,988 ) 
  

 

 

  

1   Derivative financial instruments are options written, which are shown at value.

    

     

During the period ended March 31, 2017, there were no transfers between levels.

 

 

          MARCH 31, 2017    9

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 Equity Dividend Trust
  By:          /s/ John M. Perlowski                
    John M. Perlowski
    Chief Executive Officer (principal executive officer) of
BlackRock Enhanced Equity Dividend Trust
 

 

Date: May 23, 2017

 

 

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 Enhanced Equity Dividend Trust
 

 

Date: May 23, 2017

 

  By:          /s/ Neal J. Andrews                  
    Neal J. Andrews
    Chief Financial Officer (principal financial officer) of
BlackRock Enhanced Equity Dividend Trust
 

 

Date: May 23, 2017