NPORT-EX 2 NPORT_LCXD_23577269_0323.htm BlackRock Enhanced Equity Dividend Trust

Consolidated Schedule of Investments  (unaudited)

March 31, 2023

   

BlackRock Enhanced Equity Dividend Trust (BDJ)

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  

Common Stocks

 

Aerospace & Defense — 2.9%  

Airbus SE

     89,604     $ 11,968,179  

BAE Systems PLC

     1,596,311       19,309,173  

L3Harris Technologies, Inc.(a)

    76,017       14,917,576  
   

 

 

  
      46,194,928  
Automobile Components — 0.6%  

Lear Corp.(a)

    64,750       9,031,978  
   

 

 

  
Automobiles — 1.8%  

General Motors Co.(a)(b)

    805,624       29,550,288  
   

 

 

  
Banks(a) — 10.3%  

Bank of America Corp.

     361,041       10,325,773  

Citigroup, Inc.

     957,550       44,899,519  

Citizens Financial Group, Inc.

     288,390       8,758,404  

First Citizens BancShares, Inc., Class A(b)

    30,717       29,890,713  

JPMorgan Chase & Co.

     209,678       27,323,140  

Wells Fargo & Co.

     1,193,168       44,600,620  
   

 

 

  
      165,798,169  
Beverages — 1.0%  

Constellation Brands, Inc., Class A(a)

    71,479       16,146,391  
   

 

 

  
Capital Markets(a) — 1.7%  

Carlyle Group, Inc.

     235,780       7,323,327  

Charles Schwab Corp.

     70,205       3,677,338  

Intercontinental Exchange, Inc.

     63,290       6,600,514  

Raymond James Financial, Inc.

     107,619       10,037,624  
   

 

 

  
      27,638,803  
Chemicals — 1.0%  

PPG Industries, Inc.(a)

    122,123       16,313,190  
   

 

 

  
Communications Equipment — 2.3%  

Cisco Systems, Inc.(a)

    719,630       37,618,658  
   

 

 

  
Consumer Staples Distribution & Retail(a) — 2.6%  

Dollar General Corp.

     132,956       27,981,920  

Walmart, Inc.

     98,810       14,569,534  
   

 

 

  
      42,551,454  
Containers & Packaging — 1.3%  

Sealed Air Corp.(a)

    461,872       21,204,544  
   

 

 

  
Diversified Telecommunication Services(a) — 2.0%  

AT&T, Inc.(b)

    713,382       13,732,604  

Verizon Communications, Inc.

     484,160       18,828,982  
   

 

 

  
      32,561,586  
Electric Utilities(a) — 1.7%  

American Electric Power Co., Inc.

     94,679       8,614,842  

Exelon Corp.

     222,689       9,328,442  

PG&E Corp.(c)

    586,900       9,490,173  
   

 

 

  
      27,433,457  
Entertainment — 0.9%  

Activision Blizzard, Inc.

     160,046       13,698,337  
   

 

 

  
Financial Services(a) — 3.4%  

Apollo Global Management, Inc.

     118,094       7,458,817  

Equitable Holdings, Inc.

     227,446       5,774,854  

 

Security   Shares     Value  
Financial Services (continued)  

Fidelity National Information Services, Inc.(b)

    500,470     $ 27,190,535  

Visa, Inc., Class A

     63,441       14,303,408  
   

 

 

  
      54,727,614  
Food Products(a) — 2.6%  

Kraft Heinz Co.(b)

    976,709       37,769,337  

Mondelez International, Inc., Class A

     66,289       4,621,669  
   

 

 

  
      42,391,006  
Ground Transportation — 0.6%  

Union Pacific Corp.(a)

    45,811       9,219,922  
   

 

 

  
Health Care Equipment & Supplies — 7.3%  

Baxter International, Inc.(a)

    855,870       34,714,087  

Koninklijke Philips NV.

     932,729       17,131,318  

Medtronic PLC(a)

    503,180       40,566,372  

Zimmer Biomet Holdings, Inc.(a)(b)

    196,136       25,340,771  
   

 

 

  
      117,752,548  
Health Care Providers & Services(a) — 8.0%  

AmerisourceBergen Corp.

     60,866       9,745,255  

Cardinal Health, Inc.

     289,751       21,876,200  

Cigna Group.

     82,254       21,018,365  

Elevance Health, Inc.

     48,590       22,342,168  

Humana, Inc.

     33,743       16,380,877  

Laboratory Corp. of America Holdings

     160,683       36,863,894  
   

 

 

  
      128,226,759  
Household Durables — 2.2%  

Newell Brands, Inc.(a)

    747,674       9,301,065  

Panasonic Holdings Corp.

     1,966,600       17,595,387  

Sony Group Corp.

     88,200       8,033,554  
   

 

 

  
      34,930,006  
Industrial Conglomerates — 0.4%  

Siemens AG, Registered Shares

     42,742       6,924,370  
   

 

 

  
Insurance — 6.7%  

Allstate Corp.(a)

    95,457       10,577,590  

American International Group, Inc.(a)

    703,484       35,427,454  

Fidelity National Financial, Inc.(a)

    498,425       17,409,985  

First American Financial Corp.

     29,750       1,655,885  

Prudential PLC

     864,805       11,840,587  

Willis Towers Watson PLC(a)

    132,095       30,696,236  
   

 

 

  
      107,607,737  
Interactive Media & Services — 0.9%  

Alphabet, Inc., Class A(a)(c)

    135,185       14,022,740  
   

 

 

  
IT Services — 2.4%  

Cognizant Technology Solutions Corp., Class A(a)

    627,858       38,255,388  
   

 

 

  
Machinery — 1.3%  

Fortive Corp.(a)

    74,754       5,095,980  

Komatsu Ltd.

     581,100       14,425,886  

Pentair PLC(a)

    22,700       1,254,629  
   

 

 

  
      20,776,495  
Media(a) — 2.9%  

Comcast Corp., Class A

     826,285       31,324,464  

Fox Corp., Class A

     442,677       15,073,152  
   

 

 

  
      46,397,616  
 

 

 

1  

Consolidated Schedule of Investments  (unaudited) (continued)

March 31, 2023

   

BlackRock Enhanced Equity Dividend Trust (BDJ)

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  
Multi-Utilities(a) — 1.6%  

Public Service Enterprise Group, Inc.

     242,668     $ 15,154,617  

Sempra Energy

     67,691       10,232,171  
   

 

 

  
      25,386,788  
Oil, Gas & Consumable Fuels — 9.3%  

BP PLC

     7,828,407       49,479,593  

ConocoPhillips(a)

    74,813       7,422,198  

Enterprise Products Partners LP(a)

    1,542,031       39,938,603  

EQT Corp.(a)

    533,263       17,016,422  

Formentera Partners Fund II LP(d)(e)

    — (f)       10,037,117  

Hess Corp.(a)

    91,068       12,051,939  

Shell PLC

     510,170       14,539,116  
   

 

 

  
      150,484,988  
Personal Care Products — 2.1%  

Unilever PLC, ADR(a)

    635,218       32,986,871  
   

 

 

  
Pharmaceuticals — 6.2%  

AstraZeneca PLC

     132,635       18,377,146  

Bayer AG, Registered Shares

     438,004       27,980,398  

Eli Lilly and Co.(a)

    29,570       10,154,929  

Novo Nordisk A/S, ADR(a)

    59,807       9,517,686  

Sanofi

     313,142       33,969,242  
   

 

 

  
      99,999,401  
Professional Services(a) — 3.2%  

Leidos Holdings, Inc.

     262,136       24,132,240  

SS&C Technologies Holdings, Inc.

     490,476       27,697,180  
   

 

 

  
      51,829,420  
Software — 2.0%  

Microsoft Corp.(a)

    113,855       32,824,397  
   

 

 

  
Specialty Retail — 0.4%  

Ross Stores, Inc.(a)

    65,905       6,994,498  
   

 

 

  
Technology Hardware, Storage & Peripherals — 1.2%  

Samsung Electronics Co. Ltd., GDR, Registered Shares(g)

    16,024       19,794,187  
   

 

 

  
Textiles, Apparel & Luxury Goods — 0.5%  

Ralph Lauren Corp.(a)

    68,473       7,988,745  
   

 

 

  
Security   Shares     Value  
Tobacco — 1.0%  

British American Tobacco PLC, ADR(a)

    437,500     $ 15,365,000  
   

 

 

  
Wireless Telecommunication Services — 0.5%  

Rogers Communications, Inc., Class B

     167,832       7,778,762  
   

 

 

  

Total Long-Term Investments — 96.8%
(Cost: $1,357,503,448)

       1,558,407,041  
   

 

 

  

Short-Term Securities

 

Money Market Funds — 4.6%  

BlackRock Liquidity Funds, T-Fund, Institutional Class, 4.70%(h)(i)

    73,286,451       73,286,451  
   

 

 

  

Total Short-Term Securities — 4.6%
(Cost: $73,286,452)

 

     73,286,451  
   

 

 

  

Total Investments Before Options Written — 101.4%
(Cost: $1,430,789,900)

 

     1,631,693,492  
   

 

 

  

Options Written — (1.7)%
(Premiums Received: $(20,301,826))

 

     (26,941,545 ) 
   

 

 

  

Total Investments, Net of Options Written — 99.7%
(Cost: $1,410,488,074)

 

     1,604,751,947  

Other Assets Less Liabilities — 0.3%

 

     5,208,694  
   

 

 

  

Net Assets — 100.0%

 

   $ 1,609,960,641  
   

 

 

  

 

(a) 

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

(b) 

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

(c) 

Non-income producing security.

(d) 

All or a portion of the security is held by a wholly-owned subsidiary.

(e) 

Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.

(f) 

Investment does not issue shares.

(g) 

This security may be resold to qualified foreign investors and foreign institutional buyers under Regulation S of the Securities Act of 1933.

(h) 

Affiliate of the Trust.

(i) 

Annualized 7-day yield as of period end.

 

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 rating group indexes, and/or as defined by the investment adviser. These definitions may not apply for purposes of this report, which may combine such industry sub-classifications for reporting ease.

Affiliates

Investments in issuers considered to be affiliate(s) of the Trust during the period ended March 31, 2023 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

 

Affiliated Issuer    Value at
12/31/22		      Purchases
at Cost		      Proceeds
from Sales		      Net
Realized
Gain
(Loss)		      Change in
Unrealized
Appreciation
(Depreciation)		      Value at
03/31/23		      Shares
Held at
03/31/23		      Income      Capital Gain
Distributions
from
Underlying
Funds		  

BlackRock Liquidity Funds, T-Fund, Institutional Class

    $ 76,042,437      $ —      $ (2,755,986 )(a)     $ —      $ —      $ 73,286,451        73,286,451      $ 840,138      $ —  

SL Liquidity Series, LLC, Money Market Series(b)

      —        209 (a)       —        (209 )       —        —        —        351 (c)        —  
           

 

 

     

 

 

     

 

 

        

 

 

     

 

 

  
            $ (209 )     $ —      $ 73,286,451         $ 840,489      $ —  
           

 

 

     

 

 

     

 

 

        

 

 

     

 

 

  

 

(a) 

Represents net amount purchased (sold).

(b) 

As of period end, the entity is no longer held.

(c) 

All or a portion 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.

 

C O N S O L I D A T E D  S C H E D U L E   O F  I N V E S T M E N T S   2

Consolidated Schedule of Investments  (unaudited) (continued)

March 31, 2023

   

BlackRock Enhanced Equity Dividend Trust (BDJ)

 

Derivative Financial Instruments Outstanding as of Period End

Exchange-Traded Options Written

 

Description    Number of
Contracts		        Expiration
Date		       

Exercise

Price

       

Notional

Amount (000)

        Value  
Call                                                   

Citizens Financial Group, Inc.

      512          04/04/23        USD     42.50        USD     1,555        $ —  

Citizens Financial Group, Inc.

      244          04/04/23        USD     44.03        USD     741          —  

Alphabet, Inc., Class A

      158          04/06/23        USD     94.00        USD     1,639          (147,730 ) 

AT&T, Inc.

      1,187          04/06/23        USD     19.50        USD     2,285          (5,935 ) 

Bank of America Corp.

      987          04/06/23        USD     35.00        USD     2,823          (987 ) 

Cardinal Health, Inc.

      505          04/06/23        USD     79.00        USD     3,813          (2,525 ) 

Cigna Group

      178          04/06/23        USD     295.00        USD     4,548          (890 ) 

Cisco Systems, Inc.

      956          04/06/23        USD     50.00        USD     4,997          (211,754 ) 

Citigroup, Inc.

      1,018          04/06/23        USD     51.00        USD     4,773          (2,036 ) 

Comcast Corp., Class A

      1,249          04/06/23        USD     38.00        USD     4,735          (39,344 ) 

Constellation Brands, Inc., Class A

      91          04/06/23        USD     230.00        USD     2,056          (28,210 ) 

Elevance Health, Inc.

      124          04/06/23        USD     500.00        USD     5,702          (3,720 ) 

Enterprise Products Partners LP

      2,601          04/06/23        USD     26.00        USD     6,737          (42,917 ) 

EQT Corp.

      484          04/06/23        USD     34.00        USD     1,544          (6,776 ) 

Fox Corp., Class A

      379          04/06/23        USD     36.00        USD     1,290          (3,790 ) 

General Motors Co.

      934          04/06/23        USD     40.00        USD     3,426          (1,868 ) 

Humana, Inc.

      50          04/06/23        USD     510.00        USD     2,427          (5,625 ) 

Kraft Heinz Co.

      1,206          04/06/23        USD     40.00        USD     4,664          (2,412 ) 

Medtronic PLC

      677          04/06/23        USD     83.00        USD     5,458          (6,432 ) 

Microsoft Corp.

      137          04/06/23        USD     260.00        USD     3,950          (388,395 ) 

Verizon Communications, Inc.

      1,331          04/06/23        USD     38.00        USD     5,176          (129,772 ) 

Visa, Inc., Class A

      92          04/06/23        USD     225.00        USD     2,074          (21,482 ) 

Wells Fargo & Co.

      2,281          04/06/23        USD     48.00        USD     8,526          (2,281 ) 

British American Tobacco PLC, ADR

      897          04/11/23        USD     38.42        USD     3,150          (100 ) 

Alphabet, Inc., Class A

      132          04/14/23        USD     95.00        USD     1,369          (116,160 ) 

American Electric Power Co., Inc.

      357          04/14/23        USD     92.75        USD     3,248          (31,836 ) 

American International Group, Inc.

      469          04/14/23        USD     58.00        USD     2,362          (35,175 ) 

Baxter International, Inc.

      1,572          04/14/23        USD     41.00        USD     6,376          (94,320 ) 

Cardinal Health, Inc.

      503          04/14/23        USD     73.00        USD     3,798          (154,672 ) 

Charles Schwab Corp.

      263          04/14/23        USD     80.00        USD     1,378          (526 ) 

Cisco Systems, Inc.

      824          04/14/23        USD     50.00        USD     4,307          (180,044 ) 

Comcast Corp., Class A

      1,011          04/14/23        USD     38.00        USD     3,833          (56,616 ) 

Elevance Health, Inc.

      46          04/14/23        USD     480.00        USD     2,115          (9,775 ) 

Eli Lilly & Co.

      49          04/14/23        USD     335.00        USD     1,683          (54,390 ) 

Enterprise Products Partners LP.

      1,921          04/14/23        USD     26.50        USD     4,975          (19,210 ) 

EQT Corp.

      484          04/14/23        USD     35.00        USD     1,544          (11,616 ) 

Fortive Corp.

      112          04/14/23        USD     69.20        USD     764          (10,914 ) 

Hess Corp.

      95          04/14/23        USD     141.00        USD     1,257          (7,363 ) 

Humana, Inc.

      39          04/14/23        USD     510.00        USD     1,893          (9,848 ) 

JPMorgan Chase & Co.

      189          04/14/23        USD     137.00        USD     2,463          (10,962 ) 

Kraft Heinz Co.

      1,216          04/14/23        USD     39.00        USD     4,702          (43,776 ) 

Microsoft Corp.

      33          04/14/23        USD     265.00        USD     951          (80,602 ) 

PPG Industries, Inc.

      186          04/14/23        USD     130.00        USD     2,485          (86,490 ) 

Union Pacific Corp.

      162          04/14/23        USD     210.00        USD     3,260          (10,125 ) 

Verizon Communications, Inc.

      1,331          04/14/23        USD     38.00        USD     5,176          (132,434 ) 

Allstate Corp.

      229          04/21/23        USD     140.00        USD     2,538          (3,435 ) 

Alphabet, Inc., Class A

      70          04/21/23        USD     105.00        USD     726          (16,065 ) 

Alphabet, Inc., Class A

      127          04/21/23        USD     102.00        USD     1,317          (50,482 ) 

American Electric Power Co., Inc.

      163          04/21/23        USD     92.50        USD     1,483          (19,153 ) 

American International Group, Inc.

      375          04/21/23        USD     62.50        USD     1,889          (1,875 ) 

American International Group, Inc.

      478          04/21/23        USD     60.00        USD     2,407          (2,390 ) 

AmerisourceBergen Corp.

      129          04/21/23        USD     160.00        USD     2,065          (40,958 ) 

AmerisourceBergen Corp.

      19          04/21/23        USD     157.50        USD     304          (8,930 ) 

Bank of America Corp.

      1,108          04/21/23        USD     36.00        USD     3,169          (1,662 ) 

British American Tobacco PLC, ADR

      350          04/21/23        USD     38.25        USD     1,229          (571 ) 

British American Tobacco PLC, ADR

      897          04/21/23        USD     38.42        USD     3,150          (1,508 ) 

Carlyle Group, Inc.

      648          04/21/23        USD     31.06        USD     2,013          (74,007 ) 

Cigna Group

      67          04/21/23        USD     282.50        USD     1,712          (4,523 ) 

Cisco Systems, Inc.

      650          04/21/23        USD     51.50        USD     3,398          (76,272 ) 

Citigroup, Inc.

      1,345          04/21/23        USD     50.00        USD     6,307          (46,403 ) 

 

 

3  

Consolidated Schedule of Investments  (unaudited) (continued)

March 31, 2023

   

BlackRock Enhanced Equity Dividend Trust (BDJ)

 

Exchange-Traded Options Written (continued)

 

Description    Number of
Contracts		        Expiration
Date		       

Exercise

Price

       

Notional

Amount (000)

        Value  
Call (continued)                                                   

Citizens Financial Group, Inc.

      512          04/21/23        USD     45.00        USD     1,555        $ (5,120 ) 

Citizens Financial Group, Inc.

      60          04/21/23        USD     37.50        USD     182          (900 ) 

Cognizant Technology Solutions Corp., Class A

      1,005          04/21/23        USD     65.00        USD     6,123          (22,613 ) 

Cognizant Technology Solutions Corp., Class A

      721          04/21/23        USD     67.50        USD     4,393          (10,815 ) 

Comcast Corp., Class A

      1,035          04/21/23        USD     39.00        USD     3,924          (38,090 ) 

ConocoPhillips

      56          04/21/23        USD     105.00        USD     556          (5,264 ) 

Enterprise Products Partners LP

      1,922          04/21/23        USD     26.00        USD     4,978          (71,114 ) 

Equitable Holdings, Inc.

      488          04/21/23        USD     33.68        USD     1,239          (70 ) 

Exelon Corp.

      924          04/21/23        USD     41.00        USD     3,871          (136,290 ) 

Fidelity National Financial, Inc.

      1,032          04/21/23        USD     44.01        USD     3,605          (1,627 ) 

Fidelity National Information Services, Inc.

      856          04/21/23        USD     77.50        USD     4,651          (21,400 ) 

Fidelity National Information Services, Inc.

      289          04/21/23        USD     72.50        USD     1,570          (5,780 ) 

First Citizens BancShares, Inc., Class A

      120          04/21/23        USD     670.00        USD     11,677          (3,686,400 ) 

Fox Corp., Class A

      791          04/21/23        USD     34.00        USD     2,693          (71,190 ) 

General Motors Co.

      620          04/21/23        USD     42.00        USD     2,274          (4,650 ) 

General Motors Co.

      550          04/21/23        USD     44.00        USD     2,017          (1,650 ) 

Hess Corp.

      204          04/21/23        USD     135.00        USD     2,700          (68,340 ) 

Humana, Inc.

      81          04/21/23        USD     515.00        USD     3,932          (19,238 ) 

Intercontinental Exchange, Inc.

      132          04/21/23        USD     100.00        USD     1,377          (71,280 ) 

Laboratory Corp. of America Holdings

      305          04/21/23        USD     260.00        USD     6,997          (44,225 ) 

Lear Corp.

      182          04/21/23        USD     150.00        USD     2,539          (14,560 ) 

Leidos Holdings, Inc.

      640          04/21/23        USD     96.11        USD     5,892          (19,816 ) 

Medtronic PLC

      568          04/21/23        USD     87.50        USD     4,579          (3,976 ) 

Medtronic PLC

      163          04/21/23        USD     82.00        USD     1,314          (16,463 ) 

Microsoft Corp.

      178          04/21/23        USD     265.00        USD     5,132          (444,110 ) 

Microsoft Corp.

      178          04/21/23        USD     285.00        USD     5,132          (155,305 ) 

Newell Brands, Inc.

      2,043          04/21/23        USD     15.30        USD     2,541          (3,645 ) 

Novo Nordisk A/S, ADR

      109          04/21/23        USD     145.00        USD     1,735          (158,050 ) 

Pentair PLC

      124          04/21/23        USD     55.00        USD     685          (21,700 ) 

PG&E Corp.

      1,613          04/21/23        USD     16.00        USD     2,608          (79,037 ) 

PPG Industries, Inc.

      104          04/21/23        USD     133.00        USD     1,389          (44,720 ) 

Public Service Enterprise Group, Inc.

      780          04/21/23        USD     61.80        USD     4,871          (139,339 ) 

Ralph Lauren Corp.

      174          04/21/23        USD     125.00        USD     2,030          (13,050 ) 

Ralph Lauren Corp.

      202          04/21/23        USD     115.00        USD     2,357          (94,940 ) 

Raymond James Financial, Inc.

      244          04/21/23        USD     115.00        USD     2,276          (30,500 ) 

Rogers Communications, Inc., Class B

      103          04/21/23        CAD     66.00        CAD     645          (1,410 ) 

Rogers Communications, Inc., Class B

      360          04/21/23        CAD     63.00        CAD     2,255          (26,903 ) 

Sealed Air Corp.

      744          04/21/23        USD     52.25        USD     3,416          (2,110 ) 

Sempra Energy

      82          04/21/23        USD     165.00        USD     1,240          (2,460 ) 

SS&C Technologies Holdings, Inc.

      1,134          04/21/23        USD     65.00        USD     6,404          (17,010 ) 

Unilever PLC, ADR

      1,988          04/21/23        USD     51.50        USD     10,324          (224,195 ) 

Visa, Inc., Class A

      93          04/21/23        USD     230.00        USD     2,097          (21,297 ) 

Walmart, Inc.

      214          04/21/23        USD     144.00        USD     3,155          (105,930 ) 

Wells Fargo & Co.

      2,491          04/21/23        USD     47.50        USD     9,311          (3,737 ) 

Willis Towers Watson PLC

      196          04/21/23        USD     260.00        USD     4,555          (82,320 ) 

Zimmer Biomet Holdings, Inc.

      348          04/21/23        USD     128.33        USD     4,496          (99,809 ) 

American International Group, Inc.

      1,082          04/28/23        USD     58.00        USD     5,449          (81,150 ) 

AmerisourceBergen Corp.

      129          04/28/23        USD     155.00        USD     2,065          (89,010 ) 

AmerisourceBergen Corp.

      19          04/28/23        USD     160.00        USD     304          (5,843 ) 

AT&T, Inc.

      1,370          04/28/23        USD     18.50        USD     2,637          (118,505 ) 

Baxter International, Inc.

      1,950          04/28/23        USD     41.00        USD     7,909          (287,625 ) 

Cardinal Health, Inc.

      504          04/28/23        USD     74.00        USD     3,805          (144,900 ) 

Cigna Group.

      146          04/28/23        USD     275.00        USD     3,731          (19,710 ) 

Cisco Systems, Inc.

      877          04/28/23        USD     50.00        USD     4,585          (214,426 ) 

.Citigroup, Inc.

      733          04/28/23        USD     47.00        USD     3,437          (118,746 ) 

Constellation Brands, Inc., Class A

      118          04/28/23        USD     225.00        USD     2,666          (87,320 ) 

Dollar General Corp.

      313          04/28/23        USD     230.00        USD     6,587          (7,043 ) 

Eli Lilly & Co.

      19          04/28/23        USD     345.00        USD     652          (20,330 ) 

Enterprise Products Partners LP

      2,037          04/28/23        USD     25.50        USD     5,276          (154,812 ) 

EQT Corp.

      425          04/28/23        USD     33.00        USD     1,356          (58,437 ) 

General Motors Co.

      559          04/28/23        USD     37.00        USD     2,050          (84,129 ) 

Hess Corp.

      201          04/28/23        USD     135.00        USD     2,660          (89,445 ) 

 

 

 

C O N S O L I D A T E D  S C H E D U L E   O F  I N V E S T M E N T S   4

Consolidated Schedule of Investments  (unaudited) (continued)

March 31, 2023

   

BlackRock Enhanced Equity Dividend Trust (BDJ)

 

Exchange-Traded Options Written (continued)

 

Description    Number of
Contracts		        Expiration
Date		        Exercise
Price		       

Notional

Amount (000)

        Value  
Call (continued)                                                   

Humana, Inc.

      49          04/28/23        USD     500.00        USD     2,379        $ (50,715 ) 

JPMorgan Chase & Co.

      189          04/28/23        USD     137.00        USD     2,463          (23,058 ) 

JPMorgan Chase & Co.

      291          04/28/23        USD     134.00        USD     3,792          (57,909 ) 

Kraft Heinz Co.

      1,216          04/28/23        USD     39.00        USD     4,702          (85,120 ) 

Medtronic PLC

      320          04/28/23        USD     78.00        USD     2,580          (104,320 ) 

Medtronic PLC

      316          04/28/23        USD     82.00        USD     2,548          (46,926 ) 

Microsoft Corp.

      33          04/28/23        USD     280.00        USD     951          (47,355 ) 

Mondelez International, Inc., Class A

      263          04/28/23        USD     69.00        USD     1,834          (53,257 ) 

Union Pacific Corp.

      89          04/28/23        USD     195.00        USD     1,791          (89,890 ) 

Visa, Inc., Class A

      13          04/28/23        USD     225.00        USD     293          (8,808 ) 

Alphabet, Inc., Class A

      256          05/05/23        USD     104.00        USD     2,655          (126,720 ) 

AT&T, Inc.

      1,370          05/05/23        USD     18.50        USD     2,637          (125,355 ) 

Baxter International, Inc.

      1,185          05/05/23        USD     40.00        USD     4,806          (269,587 ) 

Cigna Group

      61          05/05/23        USD     260.00        USD     1,559          (46,970 ) 

Cisco Systems, Inc.

      650          05/05/23        USD     52.00        USD     3,398          (81,900 ) 

Citigroup, Inc.

      734          05/05/23        USD     47.00        USD     3,442          (128,083 ) 

Comcast Corp., Class A

      1,249          05/05/23        USD     38.00        USD     4,735          (157,374 ) 

ConocoPhillips

      355          05/05/23        USD     103.00        USD     3,522          (96,382 ) 

Constellation Brands, Inc., Class A

      184          05/05/23        USD     225.00        USD     4,156          (146,280 ) 

Eli Lilly & Co.

      50          05/05/23        USD     350.00        USD     1,717          (47,125 ) 

EQT Corp.

      315          05/05/23        USD     35.00        USD     1,005          (28,665 ) 

Fox Corp., Class A

      1,264          05/05/23        USD     35.00        USD     4,304          (192,760 ) 

Medtronic PLC

      362          05/05/23        USD     83.00        USD     2,918          (37,648 ) 

Microsoft Corp.

      67          05/05/23        USD     285.00        USD     1,932          (84,252 ) 

Mondelez International, Inc., Class A

      101          05/05/23        USD     70.00        USD     704          (16,413 ) 

Ross Stores, Inc.

      78          05/05/23        USD     106.00        USD     828          (27,690 ) 

SS&C Technologies Holdings, Inc.

      781          05/05/23        USD     57.50        USD     4,410          (126,332 ) 

Visa, Inc., Class A

      13          05/05/23        USD     225.01        USD     293          (9,585 ) 

Walmart, Inc.

      329          05/05/23        USD     147.00        USD     4,851          (119,262 ) 

Cognizant Technology Solutions Corp., Class A

      863          05/10/23        USD     58.90        USD     5,258          (325,933 ) 

AmerisourceBergen Corp.

      38          05/12/23        USD     165.00        USD     608          (9,975 ) 

Elevance Health, Inc.

      97          05/12/23        USD     470.00        USD     4,460          (112,520 ) 

Fortive Corp.

      111          05/12/23        USD     69.00        USD     757          (24,188 ) 

Kraft Heinz Co.

      1,699          05/12/23        USD     40.00        USD     6,570          (108,736 ) 

PG&E Corp.

      1,613          05/12/23        USD     16.00        USD     2,608          (119,362 ) 

Public Service Enterprise Group, Inc.

      142          05/12/23        USD     59.25        USD     887          (60,073 ) 

Allstate Corp.

      215          05/19/23        USD     121.00        USD     2,382          (28,398 ) 

American International Group, Inc.

      1,465          05/19/23        USD     52.50        USD     7,378          (227,075 ) 

Apollo Global Management, Inc.

      72          05/19/23        USD     67.50        USD     455          (12,960 ) 

Carlyle Group, Inc.

      648          05/19/23        USD     31.06        USD     2,013          (113,119 ) 

Cognizant Technology Solutions Corp., Class A

      863          05/19/23        USD     58.90        USD     5,258          (354,727 ) 

Dollar General Corp.

      418          05/19/23        USD     220.00        USD     8,797          (115,995 ) 

EQT Corp.

      425          05/19/23        USD     34.00        USD     1,356          (64,812 ) 

Equitable Holdings, Inc.

      490          05/19/23        USD     26.50        USD     1,244          (47,374 ) 

Exelon Corp.

      300          05/19/23        USD     43.00        USD     1,257          (27,750 ) 

Fidelity National Financial, Inc.

      961          05/19/23        USD     35.50        USD     3,357          (105,477 ) 

Fidelity National Information Services, Inc.

      855          05/19/23        USD     60.00        USD     4,645          (115,425 ) 

First Citizens BancShares, Inc., Class A

      120          05/19/23        USD     670.00        USD     11,677          (3,754,800 ) 

Fortive Corp.

      188          05/19/23        USD     70.00        USD     1,282          (37,600 ) 

General Motors Co.

      559          05/19/23        USD     42.00        USD     2,050          (24,876 ) 

Intercontinental Exchange, Inc.

      132          05/19/23        USD     98.00        USD     1,377          (106,294 ) 

JPMorgan Chase & Co.

      484          05/19/23        USD     135.00        USD     6,307          (134,552 ) 

L3Harris Technologies, Inc.

      418          05/19/23        USD     220.00        USD     8,203          (33,440 ) 

Laboratory Corp. of America Holdings

      306          05/19/23        USD     230.00        USD     7,020          (257,040 ) 

Lear Corp.

      174          05/19/23        USD     145.00        USD     2,427          (81,780 ) 

Leidos Holdings, Inc.

      800          05/19/23        USD     95.00        USD     7,365          (182,000 ) 

Medtronic PLC

      362          05/19/23        USD     85.00        USD     2,918          (34,390 ) 

Newell Brands, Inc.

      2,069          05/19/23        USD     12.58        USD     2,574          (176,266 ) 

PPG Industries, Inc.

      381          05/19/23        USD     135.00        USD     5,089          (190,500 ) 

Public Service Enterprise Group, Inc.

      412          05/19/23        USD     59.75        USD     2,573          (165,620 ) 

Raymond James Financial, Inc.

      244          05/19/23        USD     95.00        USD     2,276          (101,260 ) 

Rogers Communications, Inc., Class B

      460          05/19/23        CAD     64.00        CAD     2,881          (41,524 ) 

 

 

5  

Consolidated Schedule of Investments  (unaudited) (continued)

March 31, 2023

   

BlackRock Enhanced Equity Dividend Trust (BDJ)

 

Exchange-Traded Options Written (continued)

 

Description    Number of
Contracts		        Expiration
Date		        Exercise
Price		       

Notional

Amount (000)

        Value  
Call (continued)                                                   

Ross Stores, Inc.

      284          05/19/23        USD     105.00        USD     3,014        $ (157,620 ) 

Sealed Air Corp.

      209          05/19/23        USD     51.51        USD     960          (6,640 ) 

Sealed Air Corp.

      634          05/19/23        USD     48.52        USD     2,911          (61,864 ) 

SS&C Technologies Holdings, Inc.

      781          05/19/23        USD     57.75        USD     4,410          (150,102 ) 

Unilever PLC, ADR

      1,505          05/19/23        USD     50.00        USD     7,815          (376,250 ) 

Visa, Inc., Class A

      137          05/19/23        USD     235.00        USD     3,089          (52,060 ) 

Willis Towers Watson PLC

      281          05/19/23        USD     232.00        USD     6,530          (271,002 ) 

Laboratory Corp. of America Holdings

      11          06/16/23        USD     240.00        USD     252          (6,600 ) 

Sealed Air Corp.

      960          06/16/23        USD     48.52        USD     4,407          (131,330 ) 
                          

 

 

  
                           $ (21,198,998 ) 
                          

 

 

  

OTC Options Written

 

Description    Counterparty    Number of
Contracts		      Expiration
Date		     

Exercise

Price

     

Notional

Amount (000)

      Value  
Call                                                    

BAE Systems PLC

    UBS AG      522,000        04/04/23        GBP       8.88        GBP       5,119      $ (608,554 ) 

Panasonic Corp.

    UBS AG      261,500        04/04/23        JPY       1,199.95        JPY       310,650        (12,935 ) 

Prudential PLC

    Goldman Sachs International      96,800        04/04/23        GBP       12.93        GBP       1,074        —  

Samsung Electronics Co. Ltd., GDR, Registered Shares

    Morgan Stanley & Co. International PLC      2,900        04/04/23        USD       1,284.93        USD       3,582        (5,007 ) 

Shell PLC, ADR

    Morgan Stanley & Co. International PLC      66,800        04/04/23        GBP       26.37        GBP       1,543        —  

Airbus SE

    Morgan Stanley & Co. International PLC      38,600        04/05/23        EUR       127.12        EUR       4,754        (5,777 ) 

Apollo Global Management, Inc.

    BNP Paribas SA      58,000        04/05/23        USD       70.00        USD       3,663        (338 ) 

Koninklijke Philips NV

    Morgan Stanley & Co. International PLC      217,800        04/05/23        EUR       16.33        EUR       3,689        (141,257 ) 

Sanofi

    Morgan Stanley & Co. International PLC      103,700        04/05/23        EUR       90.47        EUR       10,373        (1,103,005 ) 

Siemens AG, Registered Shares

    Goldman Sachs International      29,000        04/05/23        EUR       148.56        EUR       4,332        (68,054 ) 

Bayer AG, Registered Shares

    Morgan Stanley & Co. International PLC      75,900        04/11/23        EUR       62.54        EUR       4,471        (3,758 ) 

AstraZeneca PLC

    UBS AG      81,100        04/12/23        GBP       117.58        GBP       9,109        (15,811 ) 

BP PLC

    Goldman Sachs International      1,464,400        04/12/23        GBP       5.53        GBP       7,503        (6,269 ) 

Komatsu Ltd.

    UBS AG      159,700        04/12/23        JPY       3,330.30        JPY       526,396        (34,642 ) 

Panasonic Corp.

    BNP Paribas SA      261,500        04/12/23        JPY       1,189.32        JPY       310,650        (39,111 ) 

Shell PLC, ADR

    Morgan Stanley & Co. International PLC      213,800        04/12/23        GBP       25.09        GBP       4,939        (1,509 ) 

Panasonic Corp.

    Goldman Sachs International      106,000        04/19/23        JPY       1,213.34        JPY       125,923        (13,579 ) 

Prudential PLC

    Goldman Sachs International      96,800        04/24/23        GBP       12.93        GBP       1,074        (2,847 ) 

BAE Systems PLC

    Goldman Sachs International      356,000        04/27/23        GBP       9.56        GBP       3,491        (148,735 ) 

Novo Nordisk A/S, ADR

    Citibank N.A.      21,900        04/27/23        USD       142.75        USD       3,485        (375,548 ) 

Sanofi

    JPMorgan Chase Bank N.A.      68,600        04/27/23        EUR       91.73        EUR       6,862        (674,763 ) 

Sony Group Corp.

    JPMorgan Chase Bank N.A.      24,300        04/27/23        JPY       11,843.46        JPY       293,874        (77,443 ) 

Zimmer Biomet Holdings, Inc.

    Citibank N.A.      36,500        04/27/23        USD       126.96        USD       4,716        (167,972 ) 

Komatsu Ltd.

    UBS AG      160,000        05/02/23        JPY       3,350.88        JPY       527,385        (65,347 ) 

Samsung Electronics Co. Ltd., GDR, Registered Shares

    Morgan Stanley & Co. International PLC      1,850        05/02/23        USD       1,197.20        USD       2,285        (121,811 ) 

Willis Towers Watson PLC

    JPMorgan Chase Bank N.A.      24,900        05/08/23        USD       250.92        USD       5,786        (32,939 ) 

Bayer AG, Registered Shares

    UBS AG      165,000        05/10/23        EUR       57.31        EUR       9,719        (267,830 ) 

BP PLC

    Morgan Stanley & Co. International PLC      2,841,200        05/10/23        GBP       5.22        GBP       14,557        (502,533 ) 

Koninklijke Philips NV

    Morgan Stanley & Co. International PLC      155,300        05/10/23        EUR       15.86        EUR       2,630        (242,886 ) 

Panasonic Corp.

    Goldman Sachs International      452,600        05/10/23        JPY       1,177.22        JPY       537,667        (156,873 ) 

Sempra Energy

    BNP Paribas SA      29,000        05/12/23        USD       149.07        USD       4,384        (181,206 ) 

Airbus SE

    Morgan Stanley & Co. International PLC      10,700        05/16/23        EUR       122.10        EUR       1,318        (53,779 ) 

Prudential PLC

    Goldman Sachs International      282,000        05/16/23        GBP       11.16        GBP       3,130        (189,143 ) 

Samsung Electronics Co. Ltd., GDR, Registered Shares

    Morgan Stanley & Co. International PLC      1,700        05/16/23        USD       1,260.03        USD       2,100        (76,115 ) 

Sony Group Corp.

    JPMorgan Chase Bank N.A.      24,300        05/16/23        JPY       11,843.46        JPY       293,874        (97,539 ) 

Zimmer Biomet Holdings, Inc.

    Goldman Sachs International      36,500        05/19/23        USD       125.71        USD       4,716        (247,632 ) 
                     

 

 

  
                      $ (5,742,547 ) 
                     

 

 

  

 

 

C O N S O L I D A T E D  S C H E D U L E   O F  I N V E S T M E N T S   6

Consolidated Schedule of Investments  (unaudited) (continued)

March 31, 2023

   

BlackRock Enhanced Equity Dividend Trust (BDJ)

 

Fair Value Hierarchy as of Period End

Various inputs are used in determining the fair value of 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); and

 

  •  

Level 3 – Unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available (including the Valuation Committee’s assumptions used in determining the fair value of 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 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. The categorization of a value determined for financial instruments is based on the pricing transparency of the 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 financial instruments, refer to its most recent financial statements.

The following table summarizes the Trust’s financial instruments categorized in the fair value hierarchy. The breakdown of the Trust’s financial instruments into major categories is disclosed in the Consolidated Schedule of Investments above.

 

      Level 1        Level 2        Level 3        Total  

Assets

                  

Investments

                  

Long-Term Investments

                  

Common Stocks

                  

Aerospace & Defense

    $ 14,917,576        $ 31,277,352        $ —        $ 46,194,928  

Automobile Components

      9,031,978          —          —          9,031,978  

Automobiles

      29,550,288          —          —          29,550,288  

Banks

      165,798,169          —          —          165,798,169  

Beverages

      16,146,391          —          —          16,146,391  

Capital Markets

      27,638,803          —          —          27,638,803  

Chemicals

      16,313,190          —          —          16,313,190  

Communications Equipment

      37,618,658          —          —          37,618,658  

Consumer Staples Distribution & Retail

      42,551,454          —          —          42,551,454  

Containers & Packaging

      21,204,544          —          —          21,204,544  

Diversified Telecommunication Services

      32,561,586          —          —          32,561,586  

Electric Utilities

      27,433,457          —          —          27,433,457  

Entertainment

      13,698,337          —          —          13,698,337  

Financial Services

      54,727,614          —          —          54,727,614  

Food Products

      42,391,006          —          —          42,391,006  

Ground Transportation

      9,219,922          —          —          9,219,922  

Health Care Equipment & Supplies

      100,621,230          17,131,318          —          117,752,548  

Health Care Providers & Services

      128,226,759          —          —          128,226,759  

Household Durables

      9,301,065          25,628,941          —          34,930,006  

Industrial Conglomerates

      —          6,924,370          —          6,924,370  

Insurance

      95,767,150          11,840,587          —          107,607,737  

Interactive Media & Services

      14,022,740          —          —          14,022,740  

IT Services

      38,255,388          —          —          38,255,388  

Machinery

      6,350,609          14,425,886          —          20,776,495  

Media

      46,397,616          —          —          46,397,616  

Multi-Utilities

      25,386,788          —          —          25,386,788  

Oil, Gas & Consumable Fuels

      76,429,162          64,018,709          10,037,117          150,484,988  

Personal Care Products

      32,986,871          —          —          32,986,871  

Pharmaceuticals

      19,672,615          80,326,786          —          99,999,401  

Professional Services

      51,829,420          —          —          51,829,420  

Software

      32,824,397          —          —          32,824,397  

Specialty Retail

      6,994,498          —          —          6,994,498  

Technology Hardware, Storage & Peripherals

      —          19,794,187          —          19,794,187  

Textiles, Apparel & Luxury Goods

      7,988,745          —          —          7,988,745  

 

 

7  

Consolidated Schedule of Investments  (unaudited) (continued)

March 31, 2023

   

BlackRock Enhanced Equity Dividend Trust (BDJ)

 

Fair Value Hierarchy as of Period End (continued)

 

      Level 1        Level 2        Level 3        Total  

Common Stocks (continued)

                  

Tobacco

    $ 15,365,000        $ —        $ —        $ 15,365,000  

Wireless Telecommunication Services

      7,778,762          —          —          7,778,762  

Short-Term Securities

                  

Money Market Funds

      73,286,451          —          —          73,286,451  
  

 

 

       

 

 

       

 

 

       

 

 

  
   $ 1,350,288,239        $ 271,368,136        $ 10,037,117        $ 1,631,693,492  
  

 

 

       

 

 

       

 

 

       

 

 

  

Derivative Financial Instruments(a)

                 

Liabilities

                  

Equity Contracts

    $ (18,154,149 )       $ (8,787,396 )       $ —        $ (26,941,545 ) 
  

 

 

       

 

 

       

 

 

       

 

 

  

 

  (a)

Derivative financial instruments are options written. Options written are shown at value.

 

 

Currency Abbreviation
CAD    Canadian Dollar
EUR    Euro
GBP    British Pound
JPY    Japanese Yen
USD    United States Dollar
  
Portfolio Abbreviation
ADR    American Depositary Receipt
GDR    Global Depositary Receipt
LP    Limited Partnership

 

 

C O N S O L I D A T E D  S C H E D U L E   O F  I N V E S T M E N T S   8