NPORT-EX 2 NPORT_LCXD_19043712_0325.htm EDGAR HTML
March 31, 2025 
2025 Quarterly Report
(Unaudited)
 
BlackRock Enhanced Equity Dividend Trust (BDJ)
 
Not FDIC Insured • May Lose Value • No Bank Guarantee
Consolidated Schedule of Investments (unaudited)
March 31, 2025
BlackRock Enhanced Equity Dividend Trust (BDJ)
(Percentages shown are based on Net Assets)

 
Security
 
 
Shares
Value
Common Stocks
Aerospace & Defense — 4.0%
Airbus SE
 
45,024
$ 7,928,078
Boeing Co.(a)
 
67,691
11,544,700
L3Harris Technologies, Inc.(b)(c)
 
159,819
33,451,715
RTX Corp.
 
91,178
12,077,438
 
 
65,001,931
Air Freight & Logistics — 0.6%
FedEx Corp.
 
39,989
9,748,518
Automobile Components — 0.4%
Lear Corp.
 
73,478
6,482,229
Automobiles — 0.7%
General Motors Co.(b)(c)
 
247,938
11,660,524
Banks — 11.4%
Bank of America Corp.
 
332,332
13,868,215
Citigroup, Inc.(c)
 
702,170
49,847,048
First Citizens BancShares, Inc., Class A
 
20,849
38,656,548
JPMorgan Chase & Co.(c)
 
108,347
26,577,519
Wells Fargo & Co.(c)
 
781,576
56,109,341
 
 
185,058,671
Beverages — 1.0%
Constellation Brands, Inc., Class A
 
30,945
5,679,026
Keurig Dr. Pepper, Inc.
 
302,405
10,348,299
 
 
16,027,325
Broadline Retail — 1.1%
Amazon.com, Inc.(a)
 
89,784
17,082,304
Building Products — 1.1%
Allegion PLC
 
41,250
5,381,475
Johnson Controls International PLC
 
149,075
11,942,398
 
 
17,323,873
Capital Markets — 3.1%
Carlyle Group, Inc.
 
312,955
13,641,708
Charles Schwab Corp.
 
94,892
7,428,146
Intercontinental Exchange, Inc.(c)
 
165,103
28,480,268
 
 
49,550,122
Chemicals — 2.9%
Air Products and Chemicals, Inc.
 
47,492
14,006,341
Corteva, Inc.
 
61,216
3,852,323
International Flavors & Fragrances, Inc.
 
161,157
12,507,395
PPG Industries, Inc.
 
154,204
16,862,207
 
 
47,228,266
Commercial Services & Supplies — 0.7%
Rentokil Initial PLC
 
2,487,751
11,289,756
Communications Equipment — 1.7%
Cisco Systems, Inc.(c)
 
456,147
28,148,831
Consumer Staples Distribution & Retail — 1.3%
Dollar General Corp.
 
247,349
21,749,398
Containers & Packaging — 1.3%
Crown Holdings, Inc.
 
61,459
5,485,830
Sealed Air Corp.(b)
 
528,515
15,274,084
 
 
20,759,914
Diversified Telecommunication Services — 1.1%
Verizon Communications, Inc.(b)
 
379,000
17,191,440
Electric Utilities — 3.2%
American Electric Power Co., Inc.
 
79,335
8,668,936
Security
 
 
Shares
Value
Electric Utilities (continued)
Entergy Corp.
 
79,134
$ 6,765,166
Exelon Corp.
 
397,629
18,322,744
PG&E Corp.
 
1,017,773
17,485,340
 
 
51,242,186
Electrical Equipment — 0.2%
Acuity Brands, Inc.
 
14,146
3,725,349
Entertainment — 2.1%
Electronic Arts, Inc.
 
146,810
21,216,981
Walt Disney Co.
 
124,834
12,321,116
 
 
33,538,097
Financial Services — 3.6%
AP Arsenal Co. Invest LP(a)(d)
 
15,830,106
16,779,912
Fidelity National Information Services, Inc.(b)
 
364,300
27,205,924
Visa, Inc., Class A
 
40,797
14,297,717
 
 
58,283,553
Food Products — 2.3%
Kraft Heinz Co.(b)(c)
 
785,131
23,891,536
Lamb Weston Holdings, Inc.
 
236,464
12,603,531
 
 
36,495,067
Ground Transportation — 0.2%
Norfolk Southern Corp.
 
13,576
3,215,476
Health Care Equipment & Supplies — 5.5%
Baxter International, Inc.(c)
 
1,025,759
35,111,730
Becton Dickinson & Co.
 
20,629
4,725,279
Koninklijke Philips NV(a)
 
495,870
12,623,912
Medtronic PLC
 
409,635
36,809,801
 
 
89,270,722
Health Care Providers & Services — 9.1%
Cardinal Health, Inc.(b)
 
333,423
45,935,686
Cigna Group
 
45,441
14,950,089
CVS Health Corp.(b)(c)
 
671,065
45,464,654
Elevance Health, Inc.(c)
 
40,803
17,747,673
Labcorp Holdings, Inc.
 
100,242
23,330,323
 
 
147,428,425
Health Care REITs — 0.0%
Healthcare Realty Trust, Inc.
 
51,043
862,627
Household Durables — 1.5%
Sony Group Corp.
 
992,200
25,105,626
Industrial Conglomerates — 0.6%
Honeywell International, Inc.
 
45,371
9,607,309
Industrial REITs — 0.3%
STAG Industrial, Inc.
 
136,346
4,924,817
Insurance — 5.0%
American International Group, Inc.(c)
 
295,138
25,659,298
Fidelity National Financial, Inc.
 
307,112
19,986,849
Willis Towers Watson PLC
 
105,014
35,489,481
 
 
81,135,628
IT Services — 1.3%
Cognizant Technology Solutions Corp., Class A(c)
 
272,958
20,881,287
Leisure Products — 1.0%
Hasbro, Inc.
 
265,216
16,308,132
Life Sciences Tools & Services — 0.1%
Fortrea Holdings, Inc.(a)
 
258,185
1,949,297
Machinery — 2.3%
CNH Industrial NV
 
1,136,258
13,953,248
1
Consolidated Schedule of Investments (unaudited)(continued)
March 31, 2025
BlackRock Enhanced Equity Dividend Trust (BDJ)
(Percentages shown are based on Net Assets)
Security
 
 
Shares
Value
Machinery (continued)
Fortive Corp.
 
108,667
$ 7,952,251
Komatsu Ltd.
 
153,600
4,497,888
Westinghouse Air Brake Technologies Corp.
 
56,293
10,208,736
 
 
36,612,123
Media — 2.6%
Comcast Corp., Class A(c)
 
798,094
29,449,669
WPP PLC
 
1,638,345
12,449,819
 
 
41,899,488
Metals & Mining — 0.5%
Teck Resources Ltd., Class B
 
205,595
7,489,826
Multi-Utilities — 1.5%
Dominion Energy, Inc.
 
126,238
7,078,165
Sempra
 
238,492
17,018,789
 
 
24,096,954
Oil, Gas & Consumable Fuels — 6.9%
BP PLC
 
5,744,080
32,232,615
Enterprise Products Partners LP(c)
 
483,110
16,493,376
Formentera Partners Fund II LP(a)(d)(e)
 
—
(f)
14,979,277
Hess Corp.(b)
 
124,732
19,923,442
Shell PLC
 
794,596
28,923,523
 
 
112,552,233
Pharmaceuticals — 2.0%
AstraZeneca PLC
 
67,810
9,957,536
Eli Lilly & Co.
 
7,739
6,391,717
Sanofi SA
 
143,383
15,875,628
 
 
32,224,881
Professional Services(c) — 3.6%
Leidos Holdings, Inc.
 
109,937
14,834,899
SS&C Technologies Holdings, Inc.(b)
 
525,490
43,894,179
 
 
58,729,078
Residential REITs — 0.8%
Mid-America Apartment Communities, Inc.
 
75,291
12,617,266
Semiconductors & Semiconductor Equipment — 2.7%
Applied Materials, Inc.
 
26,055
3,781,102
Intel Corp.
 
405,027
9,198,163
Microchip Technology, Inc.
 
160,908
7,789,556
Micron Technology, Inc.(b)
 
25,765
2,238,721
NVIDIA Corp.
 
45,200
4,898,776
STMicroelectronics NV
 
282,010
6,183,781
Taiwan Semiconductor Manufacturing Co. Ltd., ADR
 
58,346
9,685,436
 
 
43,775,535
Software — 2.3%
Microsoft Corp.(b)(c)
 
98,444
36,954,893
Specialized REITs — 1.2%
Crown Castle, Inc.(b)(c)
 
187,298
19,522,070
Technology Hardware, Storage & Peripherals — 3.0%
Hewlett Packard Enterprise Co.
 
410,920
6,340,496
Security
 
 
Shares
Value
Technology Hardware, Storage & Peripherals (continued)
HP, Inc.(b)
 
652,506
$ 18,067,891
Samsung Electronics Co. Ltd., GDR
 
25,110
24,731,078
 
 
49,139,465
Tobacco — 1.1%
British American Tobacco PLC, ADR
 
414,267
17,138,226
Trading Companies & Distributors — 0.1%
WESCO International, Inc.
 
9,330
1,448,949
Total Common Stocks — 99.0%
(Cost: $1,280,146,044)
1,602,477,687
Preferred Securities
Preferred Stocks — 0.8%
Household Products — 0.8%
Henkel AG & Co. KGaA
 
159,438
12,686,023
 
12,686,023
Total Preferred Securities — 0.8%
(Cost: $13,439,846)
12,686,023
Total Long-Term Investments — 99.8%
(Cost: $1,293,585,890)
1,615,163,710
Short-Term Securities
Money Market Funds — 1.5%
BlackRock Liquidity Funds, T-Fund, Institutional
Shares, 4.22%(g)(h)
 
23,876,001
23,876,001
Total Short-Term Securities — 1.5%
(Cost: $23,876,001)
23,876,001
Total Investments Before Options Written — 101.3%
(Cost: $1,317,461,891)
1,639,039,711
Options Written — (1.3)%
(Premiums Received: $(21,216,222))
(20,377,592
)
Total Investments, Net of Options Written — 100.0%
(Cost: $1,296,245,669)
1,618,662,119
Other Assets Less Liabilities — 0.0%
646,786
Net Assets — 100.0%
$ 1,619,308,905
 
(a)
Non-income producing security.
(b)
All or a portion of the security has been pledged as collateral in connection with
outstanding OTC derivatives.
(c)
All or a portion of the security has been pledged and/or segregated as collateral in
connection with outstanding exchange-traded options written.
(d)
Security is valued using significant unobservable inputs and is classified as Level 3 in the
fair value hierarchy.
(e)
All or a portion of the security is held by a wholly-owned subsidiary.
(f)
Investment does not issue shares.
(g)
Affiliate of the Trust.
(h)
Annualized 7-day yield as of period end.
For purposes of this report, industry and sector sub-classifications may differ from those utilized by the Trust for compliance purposes.
Consolidated Schedule of Investments
2
Consolidated Schedule of Investments (unaudited)(continued)
March 31, 2025
BlackRock Enhanced Equity Dividend Trust (BDJ)
 
Affiliates
Investments in issuers considered to be affiliate(s) of the Trust during the period ended March 31, 2025 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows: 
Affiliated Issuer
Value at
12/31/24
Purchases
at Cost
Proceeds
from Sales
Net
Realized
Gain (Loss)
Change in
Unrealized
Appreciation
(Depreciation)
Value at
03/31/25
Shares
Held at
03/31/25
Income
Capital Gain
Distributions
from
Underlying
Funds
BlackRock Liquidity Funds, T-Fund, Institutional Shares
$ 46,597,729
$ —
$ (22,721,728
)(a)
$ —
$ —
$ 23,876,001
23,876,001
$ 380,302
$ —
 
(a)
Represents net amount purchased (sold).
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 
 
 
Amazon.com, Inc.
56
04/04/25
USD
235.00
USD
1,065
$ (112
)
Baxter International, Inc.
1,053
04/04/25
USD
36.00
USD
3,604
(10,530
)
Boeing Co.
209
04/04/25
USD
190.00
USD
3,564
(2,299
)
Cigna Group
126
04/04/25
USD
315.00
USD
4,145
(182,700
)
Cisco Systems, Inc.
636
04/04/25
USD
63.00
USD
3,925
(8,586
)
CVS Health Corp.
470
04/04/25
USD
66.00
USD
3,184
(113,035
)
Dollar General Corp.
380
04/04/25
USD
80.00
USD
3,341
(290,700
)
Eli Lilly & Co.
50
04/04/25
USD
925.00
USD
4,130
(2,225
)
Fidelity National Information Services, Inc.
361
04/04/25
USD
72.00
USD
2,696
(126,350
)
General Motors Co.
562
04/04/25
USD
50.00
USD
2,643
(14,050
)
Hewlett Packard Enterprise Co.
618
04/04/25
USD
22.50
USD
954
(6,798
)
HP, Inc.
1,106
04/04/25
USD
32.00
USD
3,063
(4,424
)
JPMorgan Chase & Co.
135
04/04/25
USD
290.00
USD
3,312
(135
)
Kraft Heinz Co.
1,342
04/04/25
USD
32.00
USD
4,084
(4,026
)
Medtronic PLC
439
04/04/25
USD
91.00
USD
3,945
(30,730
)
Micron Technology, Inc.
243
04/04/25
USD
107.00
USD
2,111
(608
)
NVIDIA Corp.
26
04/04/25
USD
126.00
USD
282
(65
)
PG&E Corp.
1,048
04/04/25
USD
17.00
USD
1,800
(33,536
)
Taiwan Semiconductor Manufacturing Co. Ltd., ADR
64
04/04/25
USD
210.00
USD
1,062
(128
)
Teck Resources Ltd., Class B
343
04/04/25
USD
43.00
USD
1,250
(8,575
)
Verizon Communications, Inc.
664
04/04/25
USD
44.00
USD
3,012
(99,268
)
Wells Fargo & Co.
677
04/04/25
USD
81.00
USD
4,860
(677
)
American International Group, Inc.
587
04/11/25
USD
83.00
USD
5,103
(214,255
)
Citigroup, Inc.
798
04/11/25
USD
81.00
USD
5,665
(17,955
)
Comcast Corp., Class A
899
04/11/25
USD
38.00
USD
3,317
(10,339
)
CVS Health Corp.
567
04/11/25
USD
70.00
USD
3,841
(51,030
)
Enterprise Products Partners LP
1,109
04/11/25
USD
34.00
USD
3,786
(51,014
)
FedEx Corp.
93
04/11/25
USD
270.00
USD
2,267
(1,209
)
Fidelity National Information Services, Inc.
417
04/11/25
USD
74.00
USD
3,114
(79,230
)
Intel Corp.
692
04/11/25
USD
23.00
USD
1,572
(60,550
)
Kraft Heinz Co.
1,250
04/11/25
USD
31.00
USD
3,804
(38,125
)
Medtronic PLC
269
04/11/25
USD
95.00
USD
2,417
(4,170
)
Microchip Technology, Inc.
300
04/11/25
USD
58.00
USD
1,452
(4,500
)
Microsoft Corp.
53
04/11/25
USD
410.00
USD
1,990
(1,219
)
NVIDIA Corp.
27
04/11/25
USD
126.00
USD
293
(459
)
Verizon Communications, Inc.
696
04/11/25
USD
44.00
USD
3,157
(104,400
)
Visa, Inc., Class A
3
04/11/25
USD
355.00
USD
105
(1,170
)
Acuity Brands, Inc.
39
04/17/25
USD
330.00
USD
1,027
(8,580
)
Acuity Brands, Inc.
38
04/17/25
USD
280.00
USD
1,001
(16,910
)
Air Products and Chemicals, Inc.
80
04/17/25
USD
330.00
USD
2,359
(2,600
)
Amazon.com, Inc.
139
04/17/25
USD
220.00
USD
2,645
(1,946
)
American International Group, Inc.
100
04/17/25
USD
82.50
USD
869
(44,500
)
American International Group, Inc.
586
04/17/25
USD
85.00
USD
5,095
(187,520
)
Becton Dickinson & Co.
57
04/17/25
USD
231.09
USD
1,306
(22,023
)
Boeing Co.
168
04/17/25
USD
165.00
USD
2,865
(156,240
)
3
Consolidated Schedule of Investments (unaudited)(continued)
March 31, 2025
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)
 
 
British American Tobacco PLC, ADR
841
04/17/25
USD
39.28
USD
3,479
$ (195,830
)
Cardinal Health, Inc.
449
04/17/25
USD
130.00
USD
6,186
(381,650
)
Carlyle Group, Inc.
646
04/17/25
USD
55.39
USD
2,816
(353
)
Cisco Systems, Inc.
776
04/17/25
USD
65.00
USD
4,789
(9,700
)
CNH Industrial NV
2,150
04/17/25
USD
13.68
USD
2,640
(42,084
)
Cognizant Technology Solutions Corp., Class A
775
04/17/25
USD
80.00
USD
5,929
(46,500
)
Corteva, Inc.
170
04/17/25
USD
66.71
USD
1,070
(9,186
)
Crown Castle, Inc.
171
04/17/25
USD
92.50
USD
1,782
(207,765
)
Crown Holdings, Inc.
140
04/17/25
USD
90.00
USD
1,250
(24,850
)
CVS Health Corp.
1,013
04/17/25
USD
67.50
USD
6,863
(231,470
)
Dollar General Corp.
380
04/17/25
USD
80.00
USD
3,341
(305,900
)
Dominion Energy, Inc.
422
04/17/25
USD
57.50
USD
2,366
(21,100
)
Electronic Arts, Inc.
353
04/17/25
USD
135.00
USD
5,102
(377,710
)
Elevance Health, Inc.
109
04/17/25
USD
400.00
USD
4,741
(438,725
)
Entergy Corp.
256
04/17/25
USD
85.00
USD
2,189
(46,720
)
Enterprise Products Partners LP
1,060
04/17/25
USD
34.00
USD
3,619
(63,600
)
Exelon Corp.
1,196
04/17/25
USD
44.00
USD
5,511
(233,220
)
Fidelity National Financial, Inc.
901
04/17/25
USD
59.47
USD
5,864
(545,191
)
Fidelity National Information Services, Inc.
275
04/17/25
USD
75.00
USD
2,054
(43,312
)
First Citizens BancShares, Inc., Class A
60
04/17/25
USD
2,120.00
USD
11,125
(30,150
)
Fortive Corp.
298
04/17/25
USD
80.50
USD
2,181
(2,131
)
Fortrea Holdings, Inc.
510
04/17/25
USD
17.50
USD
385
(38,250
)
General Motors Co.
533
04/17/25
USD
50.00
USD
2,507
(32,779
)
Hasbro, Inc.
854
04/17/25
USD
72.50
USD
5,251
(119,560
)
Honeywell International, Inc.
106
04/17/25
USD
220.00
USD
2,245
(11,925
)
Intel Corp.
692
04/17/25
USD
23.00
USD
1,572
(79,234
)
Intercontinental Exchange, Inc.
511
04/17/25
USD
169.21
USD
8,815
(260,404
)
International Flavors & Fragrances, Inc.
347
04/17/25
USD
82.50
USD
2,693
(10,410
)
Johnson Controls International PLC
487
04/17/25
USD
87.50
USD
3,901
(7,305
)
Johnson Controls International PLC
344
04/17/25
USD
82.50
USD
2,756
(36,980
)
JPMorgan Chase & Co.
159
04/17/25
USD
265.00
USD
3,900
(13,833
)
Keurig Dr. Pepper, Inc.
831
04/17/25
USD
34.00
USD
2,844
(64,402
)
Kraft Heinz Co.
536
04/17/25
USD
30.00
USD
1,631
(48,776
)
Kraft Heinz Co.
886
04/17/25
USD
32.50
USD
2,696
(7,974
)
L3Harris Technologies, Inc.
499
04/17/25
USD
210.00
USD
10,445
(254,490
)
Labcorp Holdings, Inc.
270
04/17/25
USD
260.00
USD
6,284
(13,500
)
Lamb Weston Holdings, Inc.
379
04/17/25
USD
62.50
USD
2,020
(27,478
)
Lamb Weston Holdings, Inc.
190
04/17/25
USD
60.00
USD
1,013
(22,325
)
Lear Corp.
205
04/17/25
USD
100.00
USD
1,809
(8,713
)
Leidos Holdings, Inc.
435
04/17/25
USD
141.00
USD
5,870
(71,749
)
Medtronic PLC
441
04/17/25
USD
92.50
USD
3,963
(35,721
)
Microsoft Corp.
131
04/17/25
USD
430.00
USD
4,918
(1,703
)
Mid-America Apartment Communities, Inc.
97
04/17/25
USD
161.61
USD
1,626
(68,513
)
NVIDIA Corp.
27
04/17/25
USD
130.00
USD
293
(567
)
PPG Industries, Inc.
486
04/17/25
USD
120.00
USD
5,314
(8,505
)
Sealed Air Corp.
1,012
04/17/25
USD
35.00
USD
2,925
(15,180
)
Sempra
324
04/17/25
USD
86.84
USD
2,312
(4
)
SS&C Technologies Holdings, Inc.
1,768
04/17/25
USD
90.00
USD
14,768
(30,940
)
Taiwan Semiconductor Manufacturing Co. Ltd., ADR
200
04/17/25
USD
210.00
USD
3,320
(2,600
)
Verizon Communications, Inc.
726
04/17/25
USD
41.00
USD
3,293
(353,925
)
Visa, Inc., Class A
120
04/17/25
USD
352.50
USD
4,206
(75,000
)
Walt Disney Co.
250
04/17/25
USD
115.00
USD
2,468
(750
)
Wells Fargo & Co.
668
04/17/25
USD
85.00
USD
4,796
(6,012
)
Westinghouse Air Brake Technologies Corp.
314
04/17/25
USD
195.00
USD
5,694
(29,830
)
Willis Towers Watson PLC
268
04/17/25
USD
330.00
USD
9,057
(306,860
)
Amazon.com, Inc.
57
04/25/25
USD
205.00
USD
1,084
(9,576
)
American International Group, Inc.
588
04/25/25
USD
84.00
USD
5,112
(207,270
)
Applied Materials, Inc.
70
04/25/25
USD
165.00
USD
1,016
(6,580
)
Baxter International, Inc.
1,922
04/25/25
USD
34.00
USD
6,579
(144,150
)
Cardinal Health, Inc.
289
04/25/25
USD
132.00
USD
3,982
(192,185
)
Charles Schwab Corp.
189
04/25/25
USD
81.00
USD
1,479
(34,587
)
Citigroup, Inc.
1,503
04/25/25
USD
72.00
USD
10,670
(357,714
)
Consolidated Schedule of Investments
4
Consolidated Schedule of Investments (unaudited)(continued)
March 31, 2025
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)
 
 
Comcast Corp., Class A
991
04/25/25
USD
37.00
USD
3,657
$ (107,028
)
Constellation Brands, Inc., Class A
119
04/25/25
USD
190.00
USD
2,184
(60,690
)
CVS Health Corp.
527
04/25/25
USD
66.00
USD
3,570
(175,227
)
Enterprise Products Partners LP
488
04/25/25
USD
35.00
USD
1,666
(13,420
)
FedEx Corp.
90
04/25/25
USD
230.00
USD
2,194
(146,700
)
Fidelity National Information Services, Inc.
950
04/25/25
USD
75.00
USD
7,095
(254,125
)
Hewlett Packard Enterprise Co.
821
04/25/25
USD
17.00
USD
1,267
(13,547
)
Honeywell International, Inc.
100
04/25/25
USD
215.00
USD
2,118
(44,500
)
HP, Inc.
1,267
04/25/25
USD
30.00
USD
3,508
(19,005
)
JPMorgan Chase & Co.
147
04/25/25
USD
250.00
USD
3,606
(79,380
)
Kraft Heinz Co.
1,250
04/25/25
USD
31.00
USD
3,804
(66,875
)
Medtronic PLC
365
04/25/25
USD
95.00
USD
3,280
(14,965
)
Microchip Technology, Inc.
287
04/25/25
USD
58.00
USD
1,389
(7,175
)
NVIDIA Corp.
48
04/25/25
USD
125.00
USD
520
(3,576
)
RTX Corp.
146
04/25/25
USD
140.00
USD
1,934
(20,148
)
Teck Resources Ltd., Class B
266
04/25/25
USD
44.00
USD
969
(10,374
)
Verizon Communications, Inc.
300
04/25/25
USD
45.00
USD
1,361
(35,100
)
Visa, Inc., Class A
142
04/25/25
USD
345.00
USD
4,977
(174,660
)
Walt Disney Co.
436
04/25/25
USD
104.00
USD
4,303
(37,714
)
Wells Fargo & Co.
978
04/25/25
USD
75.00
USD
7,021
(147,189
)
American Electric Power Co., Inc.
257
04/28/25
USD
103.50
USD
2,808
(176,288
)
Dominion Energy, Inc.
282
04/28/25
USD
56.00
USD
1,581
(40,515
)
Applied Materials, Inc.
73
05/02/25
USD
160.00
USD
1,059
(14,235
)
Bank of America Corp.
1,048
05/02/25
USD
45.00
USD
4,373
(47,160
)
Charles Schwab Corp.
183
05/02/25
USD
84.00
USD
1,433
(19,581
)
Cisco Systems, Inc.
462
05/02/25
USD
63.00
USD
2,851
(36,267
)
Comcast Corp., Class A
1,185
05/02/25
USD
38.00
USD
4,373
(100,725
)
Constellation Brands, Inc., Class A
51
05/02/25
USD
195.00
USD
936
(23,205
)
CVS Health Corp.
507
05/02/25
USD
73.00
USD
3,435
(63,882
)
Dollar General Corp.
600
05/02/25
USD
84.00
USD
5,276
(316,500
)
General Motors Co.
507
05/02/25
USD
57.00
USD
2,384
(9,887
)
Hewlett Packard Enterprise Co.
821
05/02/25
USD
17.00
USD
1,267
(19,294
)
Medtronic PLC
738
05/02/25
USD
90.00
USD
6,632
(143,541
)
Microsoft Corp.
242
05/02/25
USD
410.00
USD
9,084
(64,614
)
PPG Industries, Inc.
280
05/02/25
USD
115.00
USD
3,062
(40,600
)
RTX Corp.
425
05/02/25
USD
139.00
USD
5,630
(80,750
)
Teck Resources Ltd., Class B
270
05/02/25
USD
45.00
USD
984
(4,860
)
Wells Fargo & Co.
1,715
05/02/25
USD
74.00
USD
12,312
(362,722
)
Bank of America Corp.
779
05/09/25
USD
44.00
USD
3,251
(69,720
)
Cardinal Health, Inc.
295
05/09/25
USD
137.00
USD
4,064
(172,575
)
Cigna Group
123
05/09/25
USD
330.00
USD
4,047
(170,355
)
NVIDIA Corp.
26
05/09/25
USD
122.00
USD
282
(5,330
)
Air Products and Chemicals, Inc.
181
05/16/25
USD
300.50
USD
5,338
(147,699
)
Amazon.com, Inc.
195
05/16/25
USD
215.00
USD
3,710
(43,777
)
American Electric Power Co., Inc.
179
05/16/25
USD
106.00
USD
1,956
(86,732
)
Baxter International, Inc.
1,128
05/16/25
USD
35.75
USD
3,861
(142,488
)
Becton Dickinson & Co.
58
05/16/25
USD
245.00
USD
1,329
(13,630
)
British American Tobacco PLC, ADR
840
05/16/25
USD
41.05
USD
3,475
(113,287
)
Cardinal Health, Inc.
485
05/16/25
USD
140.00
USD
6,682
(208,550
)
Carlyle Group, Inc.
707
05/16/25
USD
47.50
USD
3,082
(90,142
)
Cisco Systems, Inc.
634
05/16/25
USD
62.50
USD
3,912
(120,777
)
Citigroup, Inc.
1,553
05/16/25
USD
75.00
USD
11,025
(257,798
)
CNH Industrial NV
4,100
05/16/25
USD
12.95
USD
5,035
(211,285
)
Cognizant Technology Solutions Corp., Class A
728
05/16/25
USD
85.00
USD
5,569
(41,860
)
Comcast Corp., Class A
1,314
05/16/25
USD
37.50
USD
4,849
(165,564
)
Corteva, Inc.
166
05/16/25
USD
65.00
USD
1,045
(31,540
)
Crown Holdings, Inc.
198
05/16/25
USD
90.49
USD
1,767
(70,170
)
CVS Health Corp.
1,012
05/16/25
USD
70.00
USD
6,856
(258,566
)
Electronic Arts, Inc.
354
05/16/25
USD
140.00
USD
5,116
(350,460
)
Elevance Health, Inc.
115
05/16/25
USD
440.00
USD
5,002
(220,800
)
Entergy Corp.
256
05/16/25
USD
85.00
USD
2,189
(80,640
)
Exelon Corp.
990
05/16/25
USD
44.50
USD
4,562
(248,321
)
5
Consolidated Schedule of Investments (unaudited)(continued)
March 31, 2025
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)
 
 
First Citizens BancShares, Inc., Class A
56
05/16/25
USD
1,990.00
USD
10,383
$ (255,640
)
Fortive Corp.
299
05/16/25
USD
76.20
USD
2,188
(44,669
)
General Motors Co.
211
05/16/25
USD
55.00
USD
992
(10,445
)
Hasbro, Inc.
604
05/16/25
USD
62.50
USD
3,714
(155,530
)
HP, Inc.
1,267
05/16/25
USD
30.00
USD
3,508
(42,444
)
Intercontinental Exchange, Inc.
262
05/16/25
USD
173.25
USD
4,520
(130,739
)
International Flavors & Fragrances, Inc.
539
05/16/25
USD
87.50
USD
4,183
(33,688
)
JPMorgan Chase & Co.
154
05/16/25
USD
260.00
USD
3,778
(56,210
)
Keurig Dr. Pepper, Inc.
831
05/16/25
USD
34.00
USD
2,844
(116,340
)
L3Harris Technologies, Inc.
380
05/16/25
USD
220.00
USD
7,954
(165,300
)
Labcorp Holdings, Inc.
281
05/16/25
USD
250.00
USD
6,540
(71,655
)
Lamb Weston Holdings, Inc.
568
05/16/25
USD
61.42
USD
3,027
(154,292
)
Lear Corp.
200
05/16/25
USD
100.00
USD
1,764
(29,000
)
Leidos Holdings, Inc.
178
05/16/25
USD
140.00
USD
2,402
(80,100
)
Microchip Technology, Inc.
297
05/16/25
USD
55.00
USD
1,438
(37,868
)
Microsoft Corp.
58
05/16/25
USD
410.00
USD
2,177
(20,735
)
Mid-America Apartment Communities, Inc.
263
05/16/25
USD
165.00
USD
4,407
(174,895
)
Norfolk Southern Corp.
74
05/16/25
USD
240.00
USD
1,753
(55,870
)
NVIDIA Corp.
26
05/16/25
USD
130.00
USD
282
(3,237
)
Sealed Air Corp.
1,102
05/16/25
USD
30.00
USD
3,185
(118,465
)
Sempra
401
05/16/25
USD
73.74
USD
2,862
(61,138
)
SS&C Technologies Holdings, Inc.
1,449
05/16/25
USD
88.25
USD
12,103
(331,170
)
Taiwan Semiconductor Manufacturing Co. Ltd., ADR
61
05/16/25
USD
190.00
USD
1,013
(14,396
)
Teck Resources Ltd., Class B
251
05/16/25
USD
46.00
USD
914
(4,644
)
Wells Fargo & Co.
260
05/16/25
USD
77.50
USD
1,867
(32,370
)
Willis Towers Watson PLC
311
05/16/25
USD
335.50
USD
10,510
(385,536
)
Cardinal Health, Inc.
315
06/20/25
USD
140.00
USD
4,340
(181,125
)
Electronic Arts, Inc.
263
06/20/25
USD
150.00
USD
3,801
(157,800
)
 
 
 
$ (17,538,298
)
OTC Options Written 
Description
Counterparty
Number of
Contracts
Expiration
Date
Exercise Price
Notional
Amount (000)
Value
Call 
 
 
 
 
 
Rentokil Initial PLC
Goldman Sachs International
483,800
04/01/25
GBP
4.18
GBP
1,700
$ (1
)
Henkel AG & Co. KGaA, Preference Shares
Bank of America N.A.
34,100
04/03/25
EUR
85.50
EUR
2,509
—
Komatsu Ltd.
UBS AG
56,300
04/03/25
JPY
4,936.79
JPY
247,280
—
Rentokil Initial PLC
Goldman Sachs International
278,400
04/03/25
GBP
4.28
GBP
978
—
Crown Castle, Inc.
Bank of America N.A.
64,800
04/10/25
USD
95.36
USD
6,754
(592,154
)
PG&E Corp.
Bank of America N.A.
28,100
04/17/25
USD
16.63
USD
483
(23,328
)
PG&E Corp.
Royal Bank of Canada
82,900
04/21/25
USD
17.00
USD
1,424
(50,100
)
PG&E Corp.
Morgan Stanley & Co. International PLC
28,100
04/22/25
USD
16.95
USD
483
(18,146
)
Samsung Electronics Co. Ltd., GDR
Bank of America N.A.
5,000
04/22/25
USD
1,019.70
USD
4,865
(68,028
)
Sony Group Corp.
UBS AG
308,200
04/22/25
JPY
3,986.85
JPY
1,169,679
(116,560
)
STAG Industrial, Inc.
Citibank N.A.
33,700
04/23/25
USD
37.41
USD
1,217
(14,664
)
AstraZeneca PLC
Goldman Sachs International
5,500
04/25/25
GBP
124.24
GBP
625
(2,027
)
BP PLC
Bank of America N.A.
1,541,700
04/25/25
GBP
4.29
GBP
6,697
(312,783
)
Henkel AG & Co. KGaA, Preference Shares
Citibank N.A.
21,500
04/25/25
EUR
88.29
EUR
1,582
(807
)
Koninklijke Philips NV
Citibank N.A.
120,000
04/25/25
EUR
26.35
EUR
2,825
(16,553
)
PG&E Corp.
Bank of America N.A.
28,100
04/25/25
USD
16.95
USD
483
(19,093
)
Sanofi SA
BNP Paribas SA
92,300
04/25/25
EUR
112.06
EUR
9,451
(27,624
)
Sony Group Corp.
JPMorgan Chase Bank N.A.
316,500
04/25/25
JPY
3,833.81
JPY
1,201,179
(257,166
)
WPP PLC
Morgan Stanley & Co. International PLC
252,900
04/25/25
GBP
6.26
GBP
1,488
(7,844
)
AstraZeneca PLC
Bank of America N.A.
32,400
04/29/25
GBP
119.99
GBP
3,683
(41,373
)
Intercontinental Exchange, Inc.
Bank of America N.A.
25,100
04/29/25
USD
174.20
USD
4,330
(76,737
)
Koninklijke Philips NV
Citibank N.A.
156,600
04/29/25
EUR
25.32
EUR
3,687
(50,808
)
Shell PLC
BNP Paribas SA
107,000
04/29/25
GBP
26.51
GBP
3,015
(270,150
)
Airbus SE
Barclays Bank PLC
17,000
04/30/25
EUR
167.30
EUR
2,768
(50,561
)
Fidelity National Financial, Inc.
Citibank N.A.
82,100
04/30/25
USD
66.08
USD
5,343
(132,838
)
Consolidated Schedule of Investments
6
Consolidated Schedule of Investments (unaudited)(continued)
March 31, 2025
BlackRock Enhanced Equity Dividend Trust (BDJ)
 
OTC Options Written (continued)
Description
Counterparty
Number of
Contracts
Expiration
Date
Exercise Price
Notional
Amount (000)
Value
Call (continued)
 
 
 
 
 
Rentokil Initial PLC
UBS AG
400,000
04/30/25
GBP
3.24
GBP
1,405
$ (131,888
)
STMicroelectronics NV
Goldman Sachs International
34,300
05/02/25
EUR
23.54
EUR
696
(6,071
)
PG&E Corp.
Bank of America N.A.
22,200
05/05/25
USD
17.58
USD
381
(10,236
)
Airbus SE
Barclays Bank PLC
7,800
05/06/25
EUR
175.58
EUR
1,270
(13,439
)
BP PLC
Bank of America N.A.
676,100
05/06/25
GBP
4.53
GBP
2,937
(65,047
)
Shell PLC
Bank of America N.A.
84,400
05/06/25
GBP
27.82
GBP
2,378
(111,954
)
WPP PLC
UBS AG
340,100
05/06/25
GBP
6.35
GBP
2,001
(12,600
)
BP PLC
Citibank N.A.
79,800
05/08/25
GBP
4.51
GBP
347
(8,772
)
STMicroelectronics NV
Goldman Sachs International
34,300
05/08/25
EUR
23.53
EUR
696
(8,144
)
Crown Castle, Inc.
Barclays Bank PLC
21,100
05/12/25
USD
108.00
USD
2,199
(44,339
)
Komatsu Ltd.
Bank of America N.A.
28,200
05/13/25
JPY
4,803.83
JPY
123,859
(5,295
)
PG&E Corp.
BNP Paribas SA
112,900
05/14/25
USD
17.68
USD
1,940
(51,428
)
Shell PLC
Barclays Bank PLC
245,700
05/15/25
GBP
28.51
GBP
6,924
(197,485
)
WPP PLC
UBS AG
308,000
05/15/25
GBP
6.26
GBP
1,812
(23,251
)
 
 
 
 
 
 
$ (2,839,294
)
Fair Value Hierarchy as of Period End
Various inputs are used in determining the fair value of financial instruments at the measurement date. 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 that the Trust has the ability to access for identical assets or liabilities;
• Level 2 – Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly; and
• Level 3 – Inputs that are unobservable and significant to the  entire fair value measurement for the asset or liability (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 that may not have a secondary market and/or may have 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
$ 57,073,853
$ 7,928,078
$ —
$ 65,001,931
Air Freight & Logistics
9,748,518
—
—
9,748,518
Automobile Components
6,482,229
—
—
6,482,229
Automobiles
11,660,524
—
—
11,660,524
Banks
185,058,671
—
—
185,058,671
Beverages
16,027,325
—
—
16,027,325
Broadline Retail
17,082,304
—
—
17,082,304
Building Products
17,323,873
—
—
17,323,873
Capital Markets
49,550,122
—
—
49,550,122
Chemicals
47,228,266
—
—
47,228,266
Commercial Services & Supplies
—
11,289,756
—
11,289,756
Communications Equipment
28,148,831
—
—
28,148,831
Consumer Staples Distribution & Retail
21,749,398
—
—
21,749,398
Containers & Packaging
20,759,914
—
—
20,759,914
7
Consolidated Schedule of Investments (unaudited)(continued)
March 31, 2025
BlackRock Enhanced Equity Dividend Trust (BDJ)
 
Fair Value Hierarchy as of Period End (continued)
 
Level 1
Level 2
Level 3
Total
Common Stocks (continued)
Diversified Telecommunication Services
$ 17,191,440
$ —
$ —
$ 17,191,440
Electric Utilities
51,242,186
—
—
51,242,186
Electrical Equipment
3,725,349
—
—
3,725,349
Entertainment
33,538,097
—
—
33,538,097
Financial Services
41,503,641
—
16,779,912
58,283,553
Food Products
36,495,067
—
—
36,495,067
Ground Transportation
3,215,476
—
—
3,215,476
Health Care Equipment & Supplies
76,646,810
12,623,912
—
89,270,722
Health Care Providers & Services
147,428,425
—
—
147,428,425
Health Care REITs
862,627
—
—
862,627
Household Durables
—
25,105,626
—
25,105,626
Industrial Conglomerates
9,607,309
—
—
9,607,309
Industrial REITs
4,924,817
—
—
4,924,817
Insurance
81,135,628
—
—
81,135,628
IT Services
20,881,287
—
—
20,881,287
Leisure Products
16,308,132
—
—
16,308,132
Life Sciences Tools & Services
1,949,297
—
—
1,949,297
Machinery
32,114,235
4,497,888
—
36,612,123
Media
29,449,669
12,449,819
—
41,899,488
Metals & Mining
7,489,826
—
—
7,489,826
Multi-Utilities
24,096,954
—
—
24,096,954
Oil, Gas & Consumable Fuels
36,416,818
61,156,138
14,979,277
112,552,233
Pharmaceuticals
6,391,717
25,833,164
—
32,224,881
Professional Services
58,729,078
—
—
58,729,078
Residential REITs
12,617,266
—
—
12,617,266
Semiconductors & Semiconductor Equipment
37,591,754
6,183,781
—
43,775,535
Software
36,954,893
—
—
36,954,893
Specialized REITs
19,522,070
—
—
19,522,070
Technology Hardware, Storage & Peripherals
24,408,387
24,731,078
—
49,139,465
Tobacco
17,138,226
—
—
17,138,226
Trading Companies & Distributors
1,448,949
—
—
1,448,949
Preferred Securities
Preferred Stocks
—
12,686,023
—
12,686,023
Short-Term Securities 
Money Market Funds
23,876,001
—
—
23,876,001
 
$1,402,795,259
$204,485,263
$31,759,189
$1,639,039,711
Derivative Financial Instruments(a)
Liabilities 
Equity Contracts
$ (13,976,501
)
$ (6,401,091
)
$ —
$ (20,377,592
)
 
(a)
Derivative financial instruments are options written. Options written are shown at value.
A reconciliation of Level 3 financial instruments is presented when the Trust had a significant amount of Level 3 investments and derivative financial instruments at the beginning and/or end of the period in relation to net assets. The following table is a reconciliation of Level 3 investments for which significant unobservable inputs were used in determining fair value: 
 
Common
Stocks
Assets
Opening balance, as of December 31, 2024
$ 31,090,484
Transfers into Level 3
—
Transfers out of Level 3
—
Accrued discounts/premiums
—
Net realized gain (loss)
Net change in unrealized appreciation (depreciation)(a)
(49,460
)
Consolidated Schedule of Investments
8
Consolidated Schedule of Investments (unaudited)(continued)
March 31, 2025
BlackRock Enhanced Equity Dividend Trust (BDJ)
 
 
Common
Stocks
Purchases
$ 718,165
Sales
—
Closing balance, as of March 31, 2025
$ 31,759,189
Net change in unrealized appreciation (depreciation) on investments still held at March 31, 2025(a)
$ (49,460
)
 
(a)
Any difference between net change in unrealized appreciation (depreciation) and net change in unrealized appreciation (depreciation) on investments still held at March 31, 2025 is
generally due to investments no longer held or categorized as Level 3 at period end.
The following table summarizes the valuation approaches used and unobservable inputs utilized by the Valuation Committee to determine the value of certain of the Trust’s Level 3 financial instruments as of period end. 
 
Value
Valuation
Approach
Unobservable
Inputs
Range of
Unobservable
Inputs
Utilized(a)
Weighted
Average of
Unobservable
Inputs Based
on Fair Value
Assets
 
 
 
 
Common Stocks
$31,759,189
Income
Discount Rate
10%
—
 
Market
EBITDA Multiple
7.00x
—
 
 
 
 
 
 
$31,759,189
 
 
 
 
 
(a)
A significant change in unobservable input could result in a correlated or inverse change in value.
 
Currency Abbreviation 
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
9