NPORT-EX 2 NPORT_LCXD_42203329_0925.htm EDGAR HTML
September 30, 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)
September 30, 2025
BlackRock Enhanced Equity Dividend Trust (BDJ)
(Percentages shown are based on Net Assets)
 
Security
 
 
Shares
Value
Common Stocks
Aerospace & Defense — 3.2%
Airbus SE
 
44,644
$ 10,425,531
Boeing Co.(a)
 
37,861
8,171,540
L3Harris Technologies, Inc.(b)
 
58,213
17,778,832
Lockheed Martin Corp.
 
20,430
10,198,860
RTX Corp.
 
50,305
8,417,536
 
 
54,992,299
Automobile Components — 0.1%
Lear Corp.
 
19,280
1,939,761
Automobiles — 0.9%
General Motors Co.(b)
 
244,068
14,880,826
Banks — 11.5%
Bank of America Corp.
 
393,516
20,301,490
Citigroup, Inc.(b)
 
576,990
58,564,485
First Citizens BancShares, Inc., Class A(b)
 
21,691
38,808,670
JPMorgan Chase & Co.(b)
 
66,466
20,965,370
Wells Fargo & Co.(c)
 
666,773
55,888,913
 
 
194,528,928
Beverages — 0.5%
Keurig Dr. Pepper, Inc.
 
308,152
7,860,958
Broadline Retail — 2.5%
Amazon.com, Inc.(a)
 
195,126
42,843,816
Building Products — 0.5%
Fortune Brands Innovations, Inc.
 
162,310
8,665,731
Capital Markets — 3.7%
Carlyle Group, Inc.
 
240,868
15,102,424
Charles Schwab Corp.
 
144,402
13,786,059
Intercontinental Exchange, Inc.(b)
 
197,748
33,316,583
 
 
62,205,066
Chemicals — 2.2%
Air Products and Chemicals, Inc.
 
46,292
12,624,755
LyondellBasell Industries NV, Class A
 
151,240
7,416,810
PPG Industries, Inc.
 
171,144
17,988,946
 
 
38,030,511
Commercial Services & Supplies — 1.1%
Rentokil Initial PLC
 
3,712,006
18,804,062
Communications Equipment — 1.0%
Cisco Systems, Inc.
 
242,046
16,560,787
Consumer Staples Distribution & Retail — 1.9%
Dollar General Corp.
 
250,500
25,889,175
Sysco Corp.
 
74,613
6,143,634
 
 
32,032,809
Containers & Packaging — 1.6%
Crown Holdings, Inc.
 
106,479
10,284,806
Sealed Air Corp.
 
487,759
17,242,281
 
 
27,527,087
Diversified Telecommunication Services — 0.9%
Verizon Communications, Inc.
 
364,974
16,040,607
Electric Utilities — 3.0%
American Electric Power Co., Inc.
 
70,785
7,963,313
Edison International
 
129,926
7,182,309
Evergy, Inc.
 
144,355
10,973,867
Security
 
 
Shares
Value
Electric Utilities (continued)
Exelon Corp.
 
407,139
$ 18,325,326
PG&E Corp.
 
456,513
6,884,216
 
 
51,329,031
Electronic Equipment, Instruments & Components — 0.9%
CDW Corp./DE
 
78,740
12,541,707
Ralliant Corp.
 
50,464
2,206,791
 
 
14,748,498
Entertainment — 2.0%
Electronic Arts, Inc.
 
117,836
23,767,521
Walt Disney Co.
 
83,424
9,552,048
 
 
33,319,569
Financial Services — 3.0%
AP Arsenal Co-Invest LP(a)(d)
 
15,842,749
16,318,031
Fidelity National Information Services, Inc.
 
528,510
34,849,949
 
 
51,167,980
Food Products — 2.3%
Campbell’s Co.
 
273,626
8,641,109
Kraft Heinz Co.(b)
 
725,660
18,896,186
Lamb Weston Holdings, Inc.
 
200,495
11,644,750
 
 
39,182,045
Ground Transportation — 0.7%
CSX Corp.
 
175,110
6,218,156
Union Pacific Corp.
 
25,120
5,937,614
 
 
12,155,770
Health Care Equipment & Supplies — 6.1%
Baxter International, Inc.(b)(c)
 
1,498,921
34,130,431
Becton Dickinson & Co.(c)
 
182,704
34,196,708
Medtronic PLC
 
366,313
34,887,650
 
 
103,214,789
Health Care Providers & Services — 6.4%
Cardinal Health, Inc.(b)(c)
 
238,711
37,468,078
CVS Health Corp.(b)(c)
 
528,223
39,822,732
Elevance Health, Inc.(b)
 
68,816
22,235,826
Labcorp Holdings, Inc.
 
32,848
9,429,347
 
 
108,955,983
Health Care REITs — 0.6%
Healthcare Realty Trust, Inc.
 
523,889
9,445,719
Industrial Conglomerates — 0.7%
Honeywell International, Inc.
 
53,969
11,360,474
Industrial REITs — 1.1%
Rexford Industrial Realty, Inc.
 
277,342
11,401,530
STAG Industrial, Inc.
 
215,762
7,614,241
 
 
19,015,771
Insurance — 3.6%
American International Group, Inc.
 
159,743
12,546,215
Fidelity National Financial, Inc., Class A
 
303,732
18,372,749
Willis Towers Watson PLC
 
86,354
29,830,989
 
 
60,749,953
Interactive Media & Services — 2.3%
Alphabet, Inc., Class C(b)
 
88,002
21,432,887
Meta Platforms, Inc., Class A
 
23,222
17,053,772
 
 
38,486,659
IT Services — 0.8%
Cognizant Technology Solutions Corp., Class A(b)
 
206,558
13,853,845
2
Consolidated Schedule of Investments (unaudited)(continued)
September 30, 2025
BlackRock Enhanced Equity Dividend Trust (BDJ)
(Percentages shown are based on Net Assets)
Security
 
 
Shares
Value
Leisure Products — 1.1%
Hasbro, Inc.
 
240,339
$ 18,229,713
Machinery — 0.8%
CNH Industrial NV
 
610,248
6,621,191
Fortive Corp.
 
151,394
7,416,792
 
 
14,037,983
Media — 2.1%
Comcast Corp., Class A(b)
 
763,614
23,992,752
WPP PLC
 
2,276,605
11,348,209
 
 
35,340,961
Metals & Mining — 1.8%
Barrick Mining Corp.
 
335,480
10,993,679
Teck Resources Ltd., Class B
 
427,629
18,768,637
 
 
29,762,316
Multi-Utilities — 1.7%
Dominion Energy, Inc.
 
332,164
20,318,472
Sempra
 
102,412
9,215,032
 
 
29,533,504
Oil, Gas & Consumable Fuels — 6.2%
BP PLC
 
6,875,210
39,475,042
Enterprise Products Partners LP(b)
 
655,520
20,498,110
Formentera Partners Fund II LP(a)(d)(e)
 
—
(f)
13,523,557
Shell PLC
 
877,246
31,265,918
 
 
104,762,627
Pharmaceuticals — 2.5%
AstraZeneca PLC
 
74,866
11,469,546
Bristol-Myers Squibb Co.
 
196,830
8,877,033
Pfizer, Inc.
 
163,940
4,177,191
Sanofi SA
 
187,243
17,730,781
 
 
42,254,551
Professional Services(b) — 3.8%
Leidos Holdings, Inc.
 
90,392
17,080,472
SS&C Technologies Holdings, Inc.
 
537,240
47,685,423
 
 
64,765,895
Residential REITs — 0.8%
AvalonBay Communities, Inc.
 
65,990
12,747,288
Semiconductors & Semiconductor Equipment — 1.8%
NVIDIA Corp.
 
40,276
7,514,696
STMicroelectronics NV
 
302,903
8,561,533
Taiwan Semiconductor Manufacturing Co. Ltd., ADR
 
53,746
15,010,721
 
 
31,086,950
Software — 2.0%
Microsoft Corp.(b)(c)
 
64,074
33,187,128
Specialized REITs — 0.9%
Crown Castle, Inc.(b)(c)
 
154,838
14,940,319
Technology Hardware, Storage & Peripherals — 5.9%
Hewlett Packard Enterprise Co.
 
770,115
18,914,024
HP, Inc.
 
857,827
23,358,629
Security
 
 
Shares
Value
Technology Hardware, Storage & Peripherals (continued)
Samsung Electronics Co. Ltd., GDR, Registered
Shares
 
26,370
$ 39,592,740
Western Digital Corp.
 
148,508
17,829,871
 
 
99,695,264
Tobacco — 1.0%
British American Tobacco PLC, ADR
 
305,019
16,190,409
Trading Companies & Distributors — 0.7%
WESCO International, Inc.
 
55,787
11,798,950
Total Common Stocks — 98.2%
(Cost: $1,275,832,937)
1,662,233,192
Preferred Securities
Preferred Stocks — 1.0%
Household Products — 1.0%
Henkel AG & Co. KGaA
 
212,528
17,148,102
 
17,148,102
Total Preferred Securities — 1.0%
(Cost: $17,657,279)
17,148,102
Total Long-Term Investments — 99.2%
(Cost: $1,293,490,216)
1,679,381,294
Short-Term Securities
Money Market Funds — 2.3%
BlackRock Liquidity Funds, T-Fund, Institutional
Shares, 4.01%(g)(h)
 
38,254,669
38,254,669
Total Short-Term Securities — 2.3%
(Cost: $38,254,669)
38,254,669
Total Investments Before Options Written — 101.5%
(Cost: $1,331,744,885)
1,717,635,963
Options Written — (1.4)%
(Premiums Received: $(20,243,140))
(22,724,836
)
Total Investments, Net of Options Written — 100.1%
(Cost: $1,311,501,745)
1,694,911,127
Liabilities in Excess of Other Assets — (0.1)%
(1,307,546
)
Net Assets — 100.0%
$ 1,693,603,581
 
(a)
Non-income producing security.
(b)
All or a portion of the security has been pledged and/or segregated as collateral in
connection with outstanding exchange-traded options written.
(c)
All or a portion of the security has been pledged as collateral in connection with
outstanding OTC derivatives.
(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
3
Consolidated Schedule of Investments (unaudited)(continued)
September 30, 2025
BlackRock Enhanced Equity Dividend Trust (BDJ)
 
Affiliates
Investments in issuers considered to be affiliate(s) of the Trust during the period ended September 30, 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
09/30/25
Shares
Held at
09/30/25
Income
Capital Gain
Distributions
from
Underlying
Funds
BlackRock Cash Funds: Institutional, SL Agency
Shares(a)
$ —
$ 208
(b)
$ —
$ (208
)
$ —
$ —
—
$ 1,300
(c)
$ —
BlackRock Liquidity Funds, T-Fund, Institutional
Shares
46,597,729
—
(8,343,060
)(b)
—
—
38,254,669
38,254,669
1,328,079
—
 
$ (208
)
$ —
$ 38,254,669
$ 1,329,379
$ —
 
(a)
As of period end, the entity is no longer held.
(b)
Represents net amount purchased (sold).
(c)
All or a portion represents securities lending income earned from the reinvestment of cash collateral from loaned securities, net of collateral investment fees, and other payments to and
from borrowers of securities.
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 
 
 
Bank of America Corp.
662
10/03/25
USD
52.00
USD
3,415
$ (20,522
)
CSX Corp.
512
10/03/25
USD
33.00
USD
1,818
(128,000
)
CVS Health Corp.
1,012
10/03/25
USD
73.00
USD
7,629
(316,250
)
General Motors Co.
507
10/03/25
USD
60.00
USD
3,091
(67,431
)
JPMorgan Chase & Co.
175
10/03/25
USD
305.00
USD
5,520
(191,625
)
NVIDIA Corp.
40
10/03/25
USD
185.00
USD
746
(14,200
)
PPG Industries, Inc.
263
10/03/25
USD
112.00
USD
2,764
(19,725
)
Alphabet, Inc., Class C
75
10/10/25
USD
235.00
USD
1,827
(75,187
)
Amazon.com, Inc.
102
10/10/25
USD
235.00
USD
2,240
(5,202
)
Cardinal Health, Inc.
295
10/10/25
USD
155.00
USD
4,630
(110,625
)
Charles Schwab Corp.
316
10/10/25
USD
99.00
USD
3,017
(14,536
)
Cisco Systems, Inc.
635
10/10/25
USD
70.00
USD
4,345
(20,003
)
Citigroup, Inc.
1,553
10/10/25
USD
99.00
USD
15,763
(559,080
)
Dollar General Corp.
457
10/10/25
USD
112.00
USD
4,723
(25,135
)
General Motors Co.
112
10/10/25
USD
61.00
USD
683
(13,328
)
HP, Inc.
1,160
10/10/25
USD
29.50
USD
3,159
(29,000
)
Medtronic PLC
143
10/10/25
USD
94.00
USD
1,362
(31,818
)
Meta Platforms, Inc., Class A
64
10/10/25
USD
770.00
USD
4,700
(21,440
)
Microsoft Corp.
115
10/10/25
USD
520.00
USD
5,956
(71,012
)
NVIDIA Corp.
39
10/10/25
USD
185.00
USD
728
(21,450
)
Pfizer, Inc.
436
10/10/25
USD
25.50
USD
1,111
(21,364
)
Taiwan Semiconductor Manufacturing Co. Ltd., ADR
39
10/10/25
USD
245.00
USD
1,089
(136,987
)
Wells Fargo & Co.
814
10/10/25
USD
82.00
USD
6,823
(218,152
)
Western Digital Corp.
276
10/10/25
USD
86.00
USD
3,314
(945,990
)
Air Products and Chemicals, Inc.
78
10/17/25
USD
300.00
USD
2,127
(2,730
)
Amazon.com, Inc.
171
10/17/25
USD
245.00
USD
3,755
(7,097
)
American Electric Power Co., Inc.
213
10/17/25
USD
115.00
USD
2,396
(14,378
)
American International Group, Inc.
210
10/17/25
USD
82.50
USD
1,649
(5,775
)
Barrick Mining Corp.
503
10/17/25
USD
25.00
USD
1,648
(394,855
)
Baxter International, Inc.
1,199
10/17/25
USD
25.00
USD
2,730
(20,983
)
Becton Dickinson & Co.
536
10/17/25
USD
195.00
USD
10,032
(68,340
)
Boeing Co.
26
10/17/25
USD
240.00
USD
561
(1,833
)
Bristol-Myers Squibb Co.
482
10/17/25
USD
50.00
USD
2,174
(3,374
)
British American Tobacco PLC, ADR
582
10/17/25
USD
57.35
USD
3,089
(2,615
)
Carlyle Group, Inc.
221
10/17/25
USD
65.00
USD
1,386
(28,730
)
CDW Corp./DE
138
10/17/25
USD
175.00
USD
2,198
(10,350
)
Charles Schwab Corp.
189
10/17/25
USD
100.00
USD
1,804
(24,948
)
Cisco Systems, Inc.
613
10/17/25
USD
70.00
USD
4,194
(33,102
)
4
Consolidated Schedule of Investments (unaudited)(continued)
September 30, 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)
 
 
Cognizant Technology Solutions Corp., Class A
775
10/17/25
USD
75.00
USD
5,198
$ (19,375
)
Comcast Corp., Class A
710
10/17/25
USD
35.00
USD
2,231
(2,130
)
Crown Holdings, Inc.
423
10/17/25
USD
100.00
USD
4,086
(25,380
)
CVS Health Corp.
487
10/17/25
USD
75.00
USD
3,671
(129,298
)
Dollar General Corp.
320
10/17/25
USD
120.00
USD
3,307
(2,560
)
Dominion Energy, Inc.
662
10/17/25
USD
62.50
USD
4,049
(26,480
)
Edison International
357
10/17/25
USD
62.50
USD
1,973
(5,355
)
Elevance Health, Inc.
252
10/17/25
USD
340.00
USD
8,143
(126,000
)
Exelon Corp.
1,196
10/17/25
USD
45.00
USD
5,383
(92,690
)
Fidelity National Information Services, Inc.
1,073
10/17/25
USD
72.50
USD
7,075
(10,730
)
First Citizens BancShares, Inc., Class A
65
10/17/25
USD
1,950.00
USD
11,630
(103,350
)
Fortive Corp.
282
10/17/25
USD
48.50
USD
1,382
(64,882
)
Fortune Brands Innovations, Inc.
446
10/17/25
USD
65.00
USD
2,381
(95,890
)
Hasbro, Inc.
1,000
10/17/25
USD
80.00
USD
7,585
(52,500
)
JPMorgan Chase & Co.
45
10/17/25
USD
315.00
USD
1,419
(35,438
)
Keurig Dr. Pepper, Inc.
499
10/17/25
USD
35.00
USD
1,273
(2,495
)
Kraft Heinz Co.
1,614
10/17/25
USD
28.12
USD
4,203
(8,759
)
L3Harris Technologies, Inc.
320
10/17/25
USD
290.00
USD
9,773
(534,400
)
Labcorp Holdings, Inc.
62
10/17/25
USD
270.00
USD
1,780
(115,320
)
Lamb Weston Holdings, Inc.
371
10/17/25
USD
57.50
USD
2,155
(78,837
)
Leidos Holdings, Inc.
231
10/17/25
USD
195.00
USD
4,365
(39,848
)
Lockheed Martin Corp.
112
10/17/25
USD
475.00
USD
5,591
(306,880
)
LyondellBasell Industries NV, Class A
415
10/17/25
USD
65.00
USD
2,035
(4,150
)
Medtronic PLC
325
10/17/25
USD
95.00
USD
3,095
(58,825
)
Microsoft Corp.
93
10/17/25
USD
525.00
USD
4,817
(57,660
)
NVIDIA Corp.
24
10/17/25
USD
190.00
USD
448
(10,920
)
NVIDIA Corp.
58
10/17/25
USD
175.00
USD
1,082
(81,490
)
Rexford Industrial Realty, Inc.
600
10/17/25
USD
45.00
USD
2,467
(7,500
)
Sealed Air Corp.
780
10/17/25
USD
32.50
USD
2,757
(241,800
)
SS&C Technologies Holdings, Inc.
806
10/17/25
USD
87.40
USD
7,154
(238,798
)
SS&C Technologies Holdings, Inc.
708
10/17/25
USD
88.00
USD
6,284
(183,768
)
STAG Industrial, Inc.
707
10/17/25
USD
35.20
USD
2,495
(45,059
)
Teck Resources Ltd., Class B
783
10/17/25
USD
43.00
USD
3,437
(158,557
)
Verizon Communications, Inc.
474
10/17/25
USD
45.00
USD
2,083
(5,925
)
Wells Fargo & Co.
857
10/17/25
USD
80.00
USD
7,183
(434,927
)
WESCO International, Inc.
164
10/17/25
USD
220.00
USD
3,469
(47,150
)
Willis Towers Watson PLC
163
10/17/25
USD
330.00
USD
5,631
(292,585
)
Carlyle Group, Inc.
616
10/22/25
USD
66.00
USD
3,862
(80,916
)
Amazon.com, Inc.
325
10/24/25
USD
235.00
USD
7,136
(60,287
)
American International Group, Inc.
181
10/24/25
USD
80.00
USD
1,422
(22,173
)
Barrick Mining Corp.
62
10/24/25
USD
30.50
USD
203
(17,763
)
Boeing Co.
182
10/24/25
USD
230.00
USD
3,928
(51,961
)
Bristol-Myers Squibb Co.
482
10/24/25
USD
50.00
USD
2,174
(5,543
)
Cardinal Health, Inc.
402
10/24/25
USD
160.00
USD
6,310
(94,470
)
Citigroup, Inc.
1,367
10/24/25
USD
105.00
USD
13,875
(286,386
)
Comcast Corp., Class A
2,159
10/24/25
USD
34.00
USD
6,784
(23,749
)
CVS Health Corp.
890
10/24/25
USD
77.00
USD
6,710
(170,880
)
Fidelity National Information Services, Inc.
914
10/24/25
USD
67.00
USD
6,027
(130,245
)
General Motors Co.
522
10/24/25
USD
63.00
USD
3,183
(89,001
)
Hewlett Packard Enterprise Co.
2,599
10/24/25
USD
26.50
USD
6,383
(105,259
)
Honeywell International, Inc.
193
10/24/25
USD
220.00
USD
4,063
(49,697
)
HP, Inc.
1,549
10/24/25
USD
29.50
USD
4,218
(21,686
)
Medtronic PLC
483
10/24/25
USD
96.00
USD
4,600
(80,178
)
Meta Platforms, Inc., Class A
63
10/24/25
USD
800.00
USD
4,627
(25,830
)
Microsoft Corp.
94
10/24/25
USD
525.00
USD
4,869
(75,670
)
Pfizer, Inc.
465
10/24/25
USD
25.00
USD
1,185
(45,570
)
PG&E Corp.
59
10/24/25
USD
16.00
USD
89
(1,298
)
PPG Industries, Inc.
280
10/24/25
USD
111.00
USD
2,943
(41,300
)
Verizon Communications, Inc.
475
10/24/25
USD
45.00
USD
2,088
(18,525
)
Wells Fargo & Co.
1,138
10/24/25
USD
86.00
USD
9,539
(212,237
)
Western Digital Corp.
270
10/24/25
USD
105.00
USD
3,242
(459,000
)
CDW Corp./DE
138
10/29/25
USD
175.01
USD
2,198
(20,297
)
Consolidated Schedule of Investments
5
Consolidated Schedule of Investments (unaudited)(continued)
September 30, 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)
 
 
Alphabet, Inc., Class C
255
10/31/25
USD
265.00
USD
6,211
$ (99,450
)
Amazon.com, Inc.
325
10/31/25
USD
230.00
USD
7,136
(177,125
)
American International Group, Inc.
210
10/31/25
USD
79.00
USD
1,649
(41,475
)
Bank of America Corp.
1,502
10/31/25
USD
54.00
USD
7,749
(114,152
)
Cardinal Health, Inc.
307
10/31/25
USD
155.00
USD
4,819
(208,760
)
Charles Schwab Corp.
183
10/31/25
USD
99.00
USD
1,747
(38,430
)
Cisco Systems, Inc.
83
10/31/25
USD
69.00
USD
568
(11,122
)
Citigroup, Inc.
524
10/31/25
USD
105.00
USD
5,319
(128,642
)
Comcast Corp., Class A
185
10/31/25
USD
34.00
USD
581
(5,735
)
CSX Corp.
451
10/31/25
USD
35.00
USD
1,602
(66,522
)
Dollar General Corp.
600
10/31/25
USD
111.00
USD
6,201
(57,600
)
Enterprise Products Partners LP
3,140
10/31/25
USD
32.00
USD
9,819
(54,950
)
Fidelity National Information Services, Inc.
616
10/31/25
USD
67.00
USD
4,062
(103,180
)
General Motors Co.
201
10/31/25
USD
65.00
USD
1,225
(26,030
)
Hewlett Packard Enterprise Co.
1,124
10/31/25
USD
25.50
USD
2,761
(91,044
)
Honeywell International, Inc.
103
10/31/25
USD
220.00
USD
2,168
(31,158
)
JPMorgan Chase & Co.
145
10/31/25
USD
330.00
USD
4,574
(51,040
)
Microsoft Corp.
50
10/31/25
USD
535.00
USD
2,590
(48,500
)
Taiwan Semiconductor Manufacturing Co. Ltd., ADR
256
10/31/25
USD
285.00
USD
7,150
(273,920
)
Teck Resources Ltd., Class B
784
10/31/25
USD
44.00
USD
3,441
(186,200
)
Union Pacific Corp.
138
10/31/25
USD
240.00
USD
3,262
(71,070
)
Verizon Communications, Inc.
362
10/31/25
USD
44.00
USD
1,591
(28,055
)
Walt Disney Co.
458
10/31/25
USD
118.00
USD
5,244
(89,997
)
Wells Fargo & Co.
858
10/31/25
USD
90.00
USD
7,192
(77,220
)
Alphabet, Inc., Class C
154
11/07/25
USD
270.00
USD
3,751
(48,422
)
Amazon.com, Inc.
150
11/07/25
USD
235.00
USD
3,294
(72,375
)
Barrick Mining Corp.
287
11/07/25
USD
35.00
USD
940
(27,696
)
Bristol-Myers Squibb Co.
118
11/07/25
USD
45.00
USD
532
(16,815
)
Enterprise Products Partners LP
465
11/07/25
USD
31.00
USD
1,454
(41,153
)
Hewlett Packard Enterprise Co.
512
11/07/25
USD
26.00
USD
1,257
(37,888
)
HP, Inc.
1,160
11/07/25
USD
28.50
USD
3,159
(60,900
)
Medtronic PLC
532
11/07/25
USD
95.00
USD
5,067
(150,024
)
Air Products and Chemicals, Inc.
176
11/21/25
USD
300.00
USD
4,800
(58,520
)
American International Group, Inc.
277
11/21/25
USD
82.50
USD
2,176
(38,088
)
Barrick Mining Corp.
285
11/21/25
USD
34.00
USD
934
(46,598
)
Becton Dickinson & Co.
450
11/21/25
USD
195.00
USD
8,423
(229,500
)
British American Tobacco PLC, ADR
1,095
11/21/25
USD
57.23
USD
5,812
(168,787
)
Cardinal Health, Inc.
308
11/21/25
USD
155.00
USD
4,834
(269,500
)
Cognizant Technology Solutions Corp., Class A
361
11/21/25
USD
70.06
USD
2,421
(62,518
)
CVS Health Corp.
516
11/21/25
USD
77.50
USD
3,890
(157,380
)
Dominion Energy, Inc.
1,164
11/21/25
USD
62.50
USD
7,120
(160,050
)
Edison International
357
11/21/25
USD
57.50
USD
1,973
(54,442
)
Electronic Arts, Inc.
266
11/21/25
USD
180.00
USD
5,365
(626,430
)
Elevance Health, Inc.
126
11/21/25
USD
350.00
USD
4,071
(153,090
)
Exelon Corp.
1,043
11/21/25
USD
44.06
USD
4,695
(191,042
)
Fidelity National Financial, Inc., Class A
870
11/21/25
USD
59.99
USD
5,263
(237,795
)
First Citizens BancShares, Inc., Class A
42
11/21/25
USD
1,980.00
USD
7,514
(107,310
)
Fortive Corp.
550
11/21/25
USD
50.00
USD
2,694
(127,875
)
Hasbro, Inc.
321
11/21/25
USD
77.50
USD
2,435
(110,745
)
HP, Inc.
849
11/21/25
USD
28.00
USD
2,312
(78,957
)
Intercontinental Exchange, Inc.
997
11/21/25
USD
180.00
USD
16,797
(162,012
)
Keurig Dr. Pepper, Inc.
1,195
11/21/25
USD
28.00
USD
3,048
(65,725
)
Kraft Heinz Co.
1,288
11/21/25
USD
27.50
USD
3,354
(74,060
)
Labcorp Holdings, Inc.
59
11/21/25
USD
280.00
USD
1,694
(89,090
)
Labcorp Holdings, Inc.
59
11/21/25
USD
290.00
USD
1,694
(57,525
)
LyondellBasell Industries NV, Class A
415
11/21/25
USD
65.00
USD
2,035
(17,638
)
Medtronic PLC
531
11/21/25
USD
95.00
USD
5,057
(180,540
)
PPG Industries, Inc.
398
11/21/25
USD
110.00
USD
4,183
(87,560
)
Ralliant Corp.
139
11/21/25
USD
45.00
USD
608
(34,403
)
RTX Corp.
276
11/21/25
USD
165.00
USD
4,618
(227,700
)
Sealed Air Corp.
1,902
11/21/25
USD
37.50
USD
6,724
(242,505
)
Sempra
304
11/21/25
USD
90.00
USD
2,735
(100,320
)
6
Consolidated Schedule of Investments (unaudited)(continued)
September 30, 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)
 
 
SS&C Technologies Holdings, Inc.
720
11/21/25
USD
90.00
USD
6,391
$ (212,400
)
STAG Industrial, Inc.
479
11/21/25
USD
35.00
USD
1,690
(58,677
)
Teck Resources Ltd., Class B
783
11/21/25
USD
44.00
USD
3,437
(266,220
)
Verizon Communications, Inc.
696
11/21/25
USD
45.00
USD
3,059
(47,328
)
WESCO International, Inc.
97
11/21/25
USD
220.00
USD
2,052
(101,365
)
Western Digital Corp.
270
11/21/25
USD
120.00
USD
3,242
(294,300
)
Willis Towers Watson PLC
311
11/21/25
USD
350.00
USD
10,743
(376,310
)
Fortune Brands Innovations, Inc.
446
12/19/25
USD
65.00
USD
2,381
(32,335
)
SS&C Technologies Holdings, Inc.
720
12/19/25
USD
95.00
USD
6,391
(144,000
)
 
 
 
$ (17,922,094
)
OTC Options Written 
Description
Counterparty
Number of
Contracts
Expiration
Date
Exercise Price
Notional
Amount (000)
Value
Call 
 
 
 
 
 
Airbus SE
Barclays Bank PLC
16,700
10/03/25
EUR
180.46
EUR
3,322
$ (332,775
)
Rentokil Initial PLC
Goldman Sachs International
931,400
10/03/25
GBP
3.83
GBP
3,508
(21,884
)
Shell PLC
Goldman Sachs International
245,700
10/03/25
GBP
27.03
GBP
6,511
(7,177
)
WPP PLC
Barclays Bank PLC
1,015,400
10/03/25
GBP
3.90
GBP
3,763
(2,499
)
AvalonBay Communities, Inc.
Morgan Stanley & Co. International PLC
13,400
10/06/25
USD
192.57
USD
2,588
(62,475
)
Crown Castle, Inc.
Barclays Bank PLC
20,200
10/07/25
USD
104.93
USD
1,949
(127
)
Crown Castle, Inc.
Morgan Stanley & Co. International PLC
78,000
10/07/25
USD
98.85
USD
7,526
(35,544
)
Evergy, Inc.
Morgan Stanley & Co. International PLC
39,600
10/07/25
USD
72.87
USD
3,010
(128,751
)
Rentokil Initial PLC
Goldman Sachs International
531,400
10/08/25
GBP
3.72
GBP
2,002
(65,593
)
Henkel AG & Co. KGaA, Preference Shares
UBS AG
116,800
10/09/25
EUR
73.32
EUR
8,027
(2,893
)
Samsung Electronics Co. Ltd., GDR, Registered
Shares
Goldman Sachs International
9,900
10/09/25
USD
1,332.12
USD
14,864
(1,618,852
)
Intercontinental Exchange, Inc.
Bank of America N.A.
9,000
10/15/25
USD
182.65
USD
1,516
(778
)
Rentokil Initial PLC
Morgan Stanley & Co. International PLC
250,300
10/16/25
GBP
3.76
GBP
943
(35,198
)
Fidelity National Financial, Inc., Class A
Royal Bank of Canada
80,000
10/17/25
USD
60.82
USD
4,839
(89,663
)
STMicroelectronics NV
Barclays Bank PLC
82,200
10/21/25
EUR
24.11
EUR
1,979
(70,403
)
Evergy, Inc.
Morgan Stanley & Co. International PLC
39,700
10/22/25
USD
73.59
USD
3,018
(113,571
)
Leidos Holdings, Inc.
Citibank N.A.
26,600
10/22/25
USD
183.24
USD
5,026
(248,499
)
Sempra
Barclays Bank PLC
25,900
10/22/25
USD
82.44
USD
2,330
(210,250
)
Lamb Weston Holdings, Inc.
Barclays Bank PLC
73,100
10/24/25
USD
62.76
USD
4,246
(36,192
)
AstraZeneca PLC
Barclays Bank PLC
8,800
10/28/25
GBP
115.28
GBP
1,002
(21,925
)
BP PLC
Barclays Bank PLC
2,000,600
10/28/25
GBP
4.23
GBP
8,541
(386,855
)
Sanofi SA
Bank of America N.A.
102,900
10/28/25
EUR
81.84
EUR
8,299
(125,863
)
STMicroelectronics NV
BNP Paribas SA
84,300
10/28/25
EUR
24.22
EUR
2,029
(99,663
)
WPP PLC
Morgan Stanley & Co. International PLC
236,800
10/28/25
GBP
4.09
GBP
878
(6,500
)
CNH Industrial NV
Morgan Stanley & Co. International PLC
167,800
10/30/25
USD
11.58
USD
1,821
(98,520
)
PG&E Corp.
Bank of America N.A.
132,200
10/31/25
USD
15.55
USD
1,994
(61,507
)
American Electric Power Co., Inc.
Goldman Sachs International
17,600
11/04/25
USD
109.69
USD
1,980
(129,717
)
AstraZeneca PLC
Bank of America N.A.
32,400
11/04/25
GBP
114.83
GBP
3,691
(104,738
)
Airbus SE
Barclays Bank PLC
7,800
11/07/25
EUR
199.63
EUR
1,551
(46,209
)
Barrick Mining Corp.
Goldman Sachs International
71,000
11/07/25
USD
36.56
USD
2,327
(43,058
)
BP PLC
Bank of America N.A.
750,000
11/07/25
GBP
4.52
GBP
3,202
(55,568
)
PG&E Corp.
Morgan Stanley & Co. International PLC
112,900
11/07/25
USD
15.50
USD
1,703
(65,078
)
CNH Industrial NV
Morgan Stanley & Co. International PLC
167,800
11/10/25
USD
11.58
USD
1,821
(118,808
)
Shell PLC
Bank of America N.A.
152,300
11/11/25
GBP
26.94
GBP
4,036
(107,099
)
AvalonBay Communities, Inc.
Barclays Bank PLC
22,800
11/12/25
USD
197.32
USD
4,404
(172,143
)
Carlyle Group, Inc.
Bank of America N.A.
80,700
11/21/25
USD
72.08
USD
5,060
(76,367
)
 
 
 
 
 
 
$ (4,802,742
)
Consolidated Schedule of Investments
7
Consolidated Schedule of Investments (unaudited)(continued)
September 30, 2025
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 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
$ 44,566,768
$ 10,425,531
$ —
$ 54,992,299
Automobile Components
1,939,761
—
—
1,939,761
Automobiles
14,880,826
—
—
14,880,826
Banks
194,528,928
—
—
194,528,928
Beverages
7,860,958
—
—
7,860,958
Broadline Retail
42,843,816
—
—
42,843,816
Building Products
8,665,731
—
—
8,665,731
Capital Markets
62,205,066
—
—
62,205,066
Chemicals
38,030,511
—
—
38,030,511
Commercial Services & Supplies
—
18,804,062
—
18,804,062
Communications Equipment
16,560,787
—
—
16,560,787
Consumer Staples Distribution & Retail
32,032,809
—
—
32,032,809
Containers & Packaging
27,527,087
—
—
27,527,087
Diversified Telecommunication Services
16,040,607
—
—
16,040,607
Electric Utilities
51,329,031
—
—
51,329,031
Electronic Equipment, Instruments & Components
14,748,498
—
—
14,748,498
Entertainment
33,319,569
—
—
33,319,569
Financial Services
34,849,949
—
16,318,031
51,167,980
Food Products
39,182,045
—
—
39,182,045
Ground Transportation
12,155,770
—
—
12,155,770
Health Care Equipment & Supplies
103,214,789
—
—
103,214,789
Health Care Providers & Services
108,955,983
—
—
108,955,983
Health Care REITs
9,445,719
—
—
9,445,719
Industrial Conglomerates
11,360,474
—
—
11,360,474
Industrial REITs
19,015,771
—
—
19,015,771
Insurance
60,749,953
—
—
60,749,953
Interactive Media & Services
38,486,659
—
—
38,486,659
IT Services
13,853,845
—
—
13,853,845
Leisure Products
18,229,713
—
—
18,229,713
Machinery
14,037,983
—
—
14,037,983
Media
23,992,752
11,348,209
—
35,340,961
Metals & Mining
29,762,316
—
—
29,762,316
Multi-Utilities
29,533,504
—
—
29,533,504
Oil, Gas & Consumable Fuels
20,498,110
70,740,960
13,523,557
104,762,627
Pharmaceuticals
13,054,224
29,200,327
—
42,254,551
Professional Services
64,765,895
—
—
64,765,895
8
Consolidated Schedule of Investments (unaudited)(continued)
September 30, 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)
Residential REITs
$ 12,747,288
$ —
$ —
$ 12,747,288
Semiconductors & Semiconductor Equipment
22,525,417
8,561,533
—
31,086,950
Software
33,187,128
—
—
33,187,128
Specialized REITs
14,940,319
—
—
14,940,319
Technology Hardware, Storage & Peripherals
60,102,524
39,592,740
—
99,695,264
Tobacco
16,190,409
—
—
16,190,409
Trading Companies & Distributors
11,798,950
—
—
11,798,950
Preferred Securities
Preferred Stocks
—
17,148,102
—
17,148,102
Short-Term Securities 
Money Market Funds
38,254,669
—
—
38,254,669
 
$1,481,972,911
$205,821,464
$29,841,588
$1,717,635,963
Derivative Financial Instruments(a)
Liabilities 
Equity Contracts
$ (16,616,858
)
$ (6,107,978
)
$ —
$ (22,724,836
)
 
(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)
(2,190,023
)
Purchases
941,127
Sales
—
Closing balance, as of September 30, 2025
$ 29,841,588
Net change in unrealized appreciation (depreciation) on investments still held at September 30, 2025(a)
$ (2,190,023
)
 
(a)
Any difference between net change in unrealized appreciation (depreciation) and net change in unrealized appreciation (depreciation) on investments still held at September 30, 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
$29,841,588
Income
Discount Rate
10%
—
 
Market
EBITDA Multiple
7.25x
—
 
 
 
 
 
 
$29,841,588
 
 
 
 
 
(a)
A significant change in unobservable input could result in a correlated or inverse change in value.
Consolidated Schedule of Investments
9
Consolidated Schedule of Investments (unaudited)(continued)
September 30, 2025
BlackRock Enhanced Equity Dividend Trust (BDJ)
 
 
Currency Abbreviation 
EUR
Euro
GBP
British Pound
USD
United States Dollar
 
Portfolio Abbreviation 
ADR
 American Depositary Receipt
GDR
 Global Depositary Receipt
LP
 Limited Partnership
REIT
 Real Estate Investment Trust
10