BlackRock Enhanced Dividend Achievers Trust

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED

MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number 811-21784

Name of Fund: BlackRock Enhanced Dividend Achievers™ Trust (BDJ)

Fund Address: 100 Bellevue Parkway, Wilmington, DE 19809

Name and address of agent for service: John M. Perlowski, Chief Executive Officer, BlackRock Enhanced Dividend Achievers™ Trust, 55 East 52nd Street, New York, NY 10055

Registrant’s telephone number, including area code: (800) 882-0052, Option 4

Date of fiscal year end: 10/31/2011

Date of reporting period: 01/31/2011

Item 1    –    Schedule of Investments

Schedule of Investments January 31, 2011 (Unaudited)    BlackRock Enhanced Dividend Achievers™ Trust (BDJ)
   (Percentages shown are based on Net Assets)

 

     Shares    Value

Common Stocks

          

Aerospace & Defense – 5.3%

          

General Dynamics Corp.(a)

        176,500        $ 13,308,100  

Raytheon Co.(a)

        134,900          6,743,651  

United Technologies Corp.(a)

        148,700          12,089,310  
               
            32,141,061  
               

Beverages – 6.3%

          

Brown-Forman Corp., Class B(a)

        125,600          8,333,560  

Coca-Cola Co. (The)(a)

        252,200          15,850,770  

PepsiCo, Inc.(a)

        216,600          13,929,546  
               
            38,113,876  
               

Capital Markets – 0.7%

          

T. Rowe Price Group, Inc.(a)

        61,200          4,034,304  
               

Chemicals – 4.0%

          

Air Products & Chemicals, Inc.(a)

        28,000          2,443,000  

E. I. du Pont De Nemours & Co.(a)

        181,700          9,208,556  

PPG Industries, Inc.(a)

        60,750          5,120,010  

RPM International, Inc.(a)

        193,600          4,536,048  

Sherwin-Williams Co. (The)(a)

        20,900          1,770,857  

Valspar Corp.

        26,300          982,831  
               
            24,061,302  
               

Commercial Banks – 1.9%

          

Bank of Hawaii Corp.(a)

        59,300          2,779,391  

Cullen/Frost Bankers, Inc.(a)

        48,300          2,790,774  

Toronto-Dominion Bank (The)(a)

        38,800          2,905,732  

U.S. BanCorp(a)

        102,000          2,754,000  
               
            11,229,897  
               

Commercial Services & Supplies – 0.5%

          

Pitney Bowes, Inc.(a)

        132,000          3,204,960  
               

Diversified Financial Services – 2.0%

          

JPMorgan Chase & Co.(a)

        269,700          12,120,318  
               

Diversified Telecommunication Services – 5.4%

          

AT&T Inc.(a)

        648,600          17,849,472  

CenturyLink, Inc.(a)

        340,800          14,736,192  
               
            32,585,664  
               

Electric Utilities – 4.4%

          

NextEra Energy, Inc.(a)

        181,400          9,697,644  

Northeast Utilities(a)

        205,400          6,761,768  

PPL Corp.(a)

        85,200          2,197,308  

Progress Energy, Inc.(a)

        179,000          8,040,680  
               
            26,697,400  
               

Electrical Equipment – 2.2%

          

Emerson Electric Co.(a)

        221,100          13,018,368  
               

Energy Equipment & Services – 0.9%

          

Halliburton Co.(a)

        114,200          5,139,000  
               

Food & Staples Retailing – 1.8%

          

Sysco Corp.(a)

        101,500          2,957,710  

Wal-Mart Stores, Inc.(a)

        142,200          7,973,154  
               
            10,930,864  
               

Food Products – 1.5%

          

General Mills, Inc.(a)

        173,600          6,037,808  

Kraft Foods, Inc., Class A(a)

        97,000          2,965,290  
               
            9,003,098  
               

Gas Utilities – 2.3%

          

Atmos Energy Corp.(a)

        121,900          3,973,940  

National Fuel Gas Co.(a)

        48,500          3,314,490  

Questar Corp.(a)

        196,100          3,418,023  

UGI Corp.(a)

        102,600          3,216,510  
               
            13,922,963  
               

Health Care Equipment & Supplies – 2.0%

          

Becton Dickinson & Co.(a)

        41,300          3,425,835  

Medtronic, Inc.(a)

        225,000          8,622,000  
               
            12,047,835  
               

Hotels, Restaurants & Leisure – 2.9%

          

McDonald’s Corp.(a)

        239,600          17,651,332  
               

Household Products – 6.1%

          

Clorox Co.(a)

        97,100          6,106,619  

Colgate-Palmolive Co.(a)

        68,100          5,228,037  

Kimberly-Clark Corp.(a)

        112,500          7,282,125  

Procter & Gamble Co. (The)(a)

        287,300          18,137,249  
               
            36,754,030  
               

Industrial Conglomerates – 2.7%

          

3M Co.(a)

        138,900          12,212,088  

General Electric Co.(a)

        190,900          3,844,726  
               
            16,056,814  
               

Insurance – 2.7%

          

Chubb Corp.(a)

        117,900          6,829,947  

Travelers Cos., Inc. (The)(a)

        172,400          9,699,224  
               
            16,529,171  
               

IT Services – 5.7%

          

Automatic Data Processing, Inc.(a)

        56,260          2,694,854  

International Business Machines Corp.(a)

        187,000          30,294,000  

Paychex, Inc.(a)

        51,400          1,644,800  
               
            34,633,654  
               

Machinery – 4.1%

          

Caterpillar, Inc.(a)

        234,900          22,787,649  

Pentair, Inc.(a)

        44,800          1,620,416  
               
            24,408,065  
               

Media – 0.3%

          

McGraw-Hill Cos., Inc. (The)(a)

        43,000          1,676,140  
               

Metals & Mining – 2.0%

          

BHP Billiton Ltd. - ADR(a)

        93,400          8,315,402  

Nucor Corp.(a)

        76,300          3,502,933  
               
            11,818,335  
               

Multiline Retail – 1.3%

          

Family Dollar Stores, Inc.(a)

        26,800          1,138,464  

Target Corp.(a)

        124,300          6,815,369  
               
            7,953,833  
               

Multi-Utilities – 0.7%

          

NSTAR(a)

        56,300          2,442,294  

Vectren Corp.(a)

        69,100          1,830,459  
               
            4,272,753  
               

Oil, Gas & Consumable Fuels – 10.9%

          

Chevron Corp.(a)

        251,900          23,912,867  

Exxon Mobil Corp.(a)

        278,200          22,445,176  

Marathon Oil Corp.(a)

        135,800          6,206,060  

 

         JANUARY 31, 2011   1

Schedule of Investments (continued)    BlackRock Enhanced Dividend Achievers™ Trust (BDJ)
   (Percentages shown are based on Net Assets)

 

     Shares    Value

Common Stocks

          

Oil, Gas & Consumable Fuels (concluded)

          

Murphy Oil Corp.

        201,200        $ 13,339,560  
               
            65,903,663  
               

Personal Products – 0.6%

          

Avon Products, Inc.(a)

        134,600          3,810,526  
               

Pharmaceuticals – 8.6%

          

Abbott Laboratories

        365,100          16,487,916  

Eli Lilly & Co.(a)

        176,200          6,126,474  

Johnson & Johnson(a)

        314,400          18,791,688  

Merck & Co., Inc.(a)

        170,400          5,652,168  

Pfizer, Inc.(a)

        246,200          4,485,764  
               
            51,544,010  
               

Semiconductors & Semiconductor Equipment – 0.5%

          

Linear Technology Corp.(a)

        90,400          3,145,016  
               

Specialty Retail – 1.3%

          

Lowe’s Cos., Inc.

        130,400          3,233,920  

TJX Cos., Inc.(a)

        93,900          4,449,921  
               
            7,683,841  
               

Textiles, Apparel & Luxury Goods – 1.0%

          

VF Corp.(a)

        71,500          5,914,480  
               

Tobacco – 3.3%

          

Altria Group, Inc.(a)

        607,800          14,289,378  

Philip Morris International, Inc.(a)

        53,500          3,062,340  

Universal Corp.(a)

        67,000          2,538,630  
               
            19,890,348  
               

Water Utilities – 0.9%

          

Aqua America, Inc.(a)

        151,200          3,495,744  

California Water Service Group(a)

        45,800          1,671,700  
               
            5,167,444  
               

Total Long-Term Investments
(Cost – $553,079,219) – 96.8%

             583,064,365  
               

Short-Term Securities

          

BlackRock Liquidity Funds, TempFund, Institutional Class,

          

0.17%(b)(c)

        17,332,052          17,332,052  
               

Total Short-Term Securities
(Cost – $17,332,052) – 2.9%

             17,332,052  
               

Total Investments Before Outstanding Options Written
(Cost – $570,411,271*) – 99.7%

             600,396,417  
               
     Contracts     

Options Written

          

Exchange-Traded Call Options Written – (0.7)%

          

3M Co., Strike Price USD 90, Expires 3/21/11

        290          (34,220 )

Air Products & Chemicals, Inc., Strike Price USD 90, Expires 2/22/11

        154          (16,170 )

AT&T Inc., Strike Price USD 29, Expires 2/22/11

        600          (2,700 )

AT&T Inc., Strike Price USD 29, Expires 3/21/11

        2,960          (35,520 )

Automatic Data Processing, Inc., Strike Price USD 50, Expires 3/21/11

        310          (8,525 )

Avon Products, Inc., Strike Price USD 30, Expires 2/22/11

        370          (8,325 )

Becton Dickinson & Co., Strike Price USD 85, Expires 2/22/11

        230          (10,350 )

BHP Billiton Ltd. - ADR, Strike Price USD 90, Expires 2/22/11

        510          (97,410 )

Caterpillar, Inc., Strike Price USD 95, Expires 2/22/11

        640          (214,400 )

Chevron Corp, Strike Price USD 90, Expires 2/22/11

        1,380          (717,600 )

Eli Lilly & Co., Strike Price USD 35, Expires 2/22/11

        485          (11,398 )

Family Dollar Stores, Inc., Strike Price USD 44, Expires 3/21/11

        150          (9,750 )

General Dynamics Corp., Strike Price USD 75, Expires 2/21/11

        970          (135,800 )

General Electric Co., Strike Price USD 18, Expires 2/22/11

        265          (57,770 )

General Electric Co., Strike Price USD 19, Expires 2/22/11

        785          (98,910 )

Halliburton Co., Strike Price USD 40, Expires 3/21/11

        315          (177,975 )

Halliburton Co., Strike Price USD 41, Expires 3/21/11

        315          (151,200 )

International Business Machines Corp., Strike Price USD 150, Expires 2/22/11

        555          (653,512 )

International Business Machines Corp., Strike Price USD 160, Expires 3/21/11

        470          (204,450 )

JPMorgan Chase & Co., Strike Price USD 41, Expires 2/22/11

        765          (313,650 )

JPMorgan Chase & Co., Strike Price USD 46, Expires 3/21/11

        720          (79,200 )

Linear Technology Corp., Strike Price USD 35, Expires 3/21/11

        500          (48,750 )

Marathon Oil Corp., Strike Price USD 43, Expires 3/21/11

        750          (253,125 )

McDonald’s Corp., Strike Price USD 75, Expires 3/21/11

        1,320          (115,500 )

McGraw-Hill Cos., Inc. (The), Strike Price USD 37.50, Expires 2/22/11

        237          (43,845 )

Medtronic, Inc., Strike Price USD 38, Expires 2/22/11

        1,240          (114,080 )

Merck & Co., Inc., Strike Price USD 34, Expires 2/21/11

        935          (28,050 )

National Fuel Gas Co., Strike Price USD 65, Expires 2/22/11

        265          (104,675 )

Nucor Corp., Strike Price USD 45, Expires 2/22/11

        420          (68,250 )

Paychex, Inc., Strike Price USD 31, Expires 2/22/11

        2          (240 )

PepsiCo, Inc., Strike Price USD 65, Expires 3/21/11

        1,190          (106,505 )

Philip Morris International, Inc., Strike Price USD 57.50, Expires 3/21/11

        295          (39,382 )

Pitney Bowes, Inc., Strike Price USD 25, Expires 2/22/11

        363          (7,260 )

Pitney Bowes, Inc., Strike Price USD 24, Expires 3/21/11

        360          (28,800 )

PPL Corp., Strike Price USD 26, Expires 4/18/11

        120          (6,600 )

Procter & Gamble Co. (The), Strike Price USD 65, Expires 2/21/11

        1,578          (23,670 )

Progress Energy, Inc., Strike Price USD 45, Expires 2/21/11

        980          (39,200 )

Questar Corp., Strike Price USD 18, Expires 2/22/11

        1,080          (16,200 )

Raytheon Co., Strike Price USD 49, Expires 2/22/11

        385          (59,290 )

 

2        JANUARY 31, 2011    

Schedule of Investments (continued)    BlackRock Enhanced Dividend Achievers™ Trust (BDJ)
   (Percentages shown are based on Net Assets)

 

     Contracts    Value

Options Written

          

Exchange-Traded Call Options Written (continued)

          

Raytheon Co., Strike Price USD 52.50, Expires 3/21/11

        355        $ (17,395 )

Sherwin-Williams Co. (The), Strike Price USD 85, Expires 2/22/11

        115          (15,238 )

Toronto-Dominion Bank (The), Strike Price USD 70, Expires 2/22/11

        56          (28,280 )

Toronto-Dominion Bank (The), Strike Price USD 75, Expires 2/22/11

        155          (17,825 )

Travelers Cos., Inc. (The), Strike Price USD 55, Expires 2/22/11

        475          (80,750 )

U.S. BanCorp, Strike Price USD 27, Expires 2/22/11

        560          (32,200 )
               

Total Exchange-Traded Call Options Written

             (4,333,945 )
               

Over-the-Counter Call Options Written – (0.5)%

          

3M Co., Strike Price USD 87.01, Expires 2/03/11, Broker Credit Suisse First Boston

        47,500          (50,762 )

Altria Group, Inc., Strike Price USD 25.25, Expires 2/01/11, Broker Morgan Stanley & Co., Inc.

        164,000          (2 )

Altria Group, Inc., Strike Price USD 24.50, Expires 3/11/11, Broker Goldman Sachs & Co.

        165,000          (10,910 )

Aqua America, Inc., Strike Price USD 22, Expires 2/02/11, Broker JPMorgan Chase Securities

        29,000          (32,480 )

Aqua America, Inc., Strike Price USD 23.50, Expires 3/07/11, Broker UBS Securities LLC

        27,300          (7,187 )

Aqua America, Inc., Strike Price USD 23.45, Expires 3/14/11, Broker Citigroup Global Markets, Inc.

        13,500          (6,396 )

Aqua America, Inc., Strike Price USD 23.25, Expires 3/14/11, Broker UBS Securities LLC

        13,500          (5,670 )

Atmos Energy Corp., Strike Price USD 32.02, Expires 2/15/11, Broker JPMorgan Chase Securities

        33,500          (36,360 )

Atmos Energy Corp., Strike Price USD 32.02, Expires 3/07/11, Broker JPMorgan Chase Securities

        33,500          (48,680 )

Avon Products, Inc., Strike Price USD 29.75, Expires 2/25/11, Broker Jefferies & Co., Inc.

        370          (11,846 )

Bank of Hawaii Corp., Strike Price USD 47.48, Expires 3/31/11, Broker Morgan Stanley & Co., Inc.

        32,500          (36,790 )

Brown-Forman Corp., Class B, Strike Price USD 69.30, Expires 2/08/11, Broker UBS Securities LLC

        69,000          (740 )

California Water Service Group, Strike Price USD 37.72, Expires 2/28/11, Broker Barclays Capital, Inc.

        12,600          (1,835 )

California Water Service Group, Strike Price USD 37.72, Expires 3/11/11, Broker Barclays Capital, Inc.

        12,600          (2,672 )

Caterpillar, Inc., Strike Price USD 95.11, Expires 3/17/11, Broker Goldman Sachs & Co.

        32,500          (136,360 )

Caterpillar, Inc., Strike Price USD 95.11, Expires 3/24/11, Broker Goldman Sachs & Co.

        32,500          (143,602 )

CenturyLink, Inc., Strike Price USD 43.07, Expires 3/08/11, Broker Goldman Sachs & Co.

        187,500          (153,673 )

Chubb Corp., Strike Price USD 57.96, Expires 2/28/11, Broker JPMorgan Chase Securities

        64,800          (56,679 )

Clorox Co., Strike Price USD 62.60, Expires 2/09/11, Broker Morgan Stanley & Co., Inc.

        53,000          (38,748 )

Coca-Cola Co. (The), Strike Price USD 63.50, Expires 3/11/11, Broker Goldman Sachs & Co.

        139,000          (107,289 )

Colgate-Palmolive Co., Strike Price USD 79.62, Expires 2/11/11, Broker Morgan Stanley & Co., Inc.

        37,500          (2,104 )

Cullen/Frost Bankers, Inc., Strike Price USD 61.71, Expires 3/10/11, Broker JPMorgan Chase Securities

        26,500          (4,662 )

E. I. du Pont De Nemours & Co., Strike Price USD 51.11, Expires 3/18/11, Broker Morgan Stanley & Co., Inc.

        50,000          (50,000 )

E. I. du Pont De Nemours & Co., Strike Price USD 51.11, Expires 4/08/11, Broker Morgan Stanley & Co., Inc.

        50,000          (65,250 )

Eli Lilly & Co., Strike Price USD 34.85, Expires 3/08/11, Broker Barclays Capital, Inc.

        485          (23,011 )

Emerson Electric Co., Strike Price USD 58.60, Expires 2/07/11, Broker Citigroup Global Markets, Inc.

        121,500          (111,346 )

Exxon Mobil Corp., Strike Price USD 79.50, Expires 2/25/11, Broker UBS Securities LLC

        780          (156,534 )

Exxon Mobil Corp., Strike Price USD 75.75, Expires 3/11/11, Broker Goldman Sachs & Co.

        37,500          (195,062 )

Exxon Mobil Corp., Strike Price USD 76, Expires 3/17/11, Broker Goldman Sachs & Co.

        37,500          (190,351 )

General Mills, Inc., Strike Price USD 36.47, Expires 2/11/11, Broker JPMorgan Chase Securities

        30,700          (730 )

General Mills, Inc., Strike Price USD 36.60, Expires 3/08/11, Broker Jefferies & Co., Inc.

        340          (6,349 )

Johnson & Johnson, Strike Price USD 63, Expires 2/21/11, Broker Jefferies & Co., Inc.

        1,730          (2,316 )

Kimberly-Clark Corp., Strike Price USD 64.50, Expires 2/25/11, Broker Jefferies & Co., Inc.

        620          (44,912 )

Kraft Foods, Inc., Class A, Strike Price USD 30.72, Expires 3/16/11, Broker JPMorgan Chase Securities

        54,000          (24,840 )

Nextera Energy, Inc., Strike Price USD 52.94, Expires 2/04/11, Broker UBS Securities LLC

        100,000          (61,659 )

Northeast Utilities, Strike Price USD 32.70, Expires 3/25/11, Broker Goldman Sachs & Co.

        72,000          (104,994 )

NSTAR, Strike Price USD 42.91, Expires 2/11/11, Broker JPMorgan Chase Securities

        21,400          (17,604 )

Paychex, Inc., Strike Price USD 32.85, Expires 4/08/11, Broker UBS Securities LLC

        28,000          (13,472 )

Pentair, Inc., Strike Price USD 36.75, Expires 2/22/11, Broker Morgan Stanley & Co., Inc.

        12,400          (8,631 )

Pentair, Inc., Strike Price USD 36.75, Expires 3/04/11, Broker Morgan Stanley & Co., Inc.

        12,400          (10,880 )

Pfizer, Inc., Strike Price USD 17.40, Expires 2/07/11, Broker Jefferies & Co., Inc.

        690          (57,056 )

Pfizer, Inc., Strike Price USD 18.34, Expires 3/14/11, Broker Credit Suisse First Boston

        66,000          (30,639 )

PPG Industries, Inc., Strike Price USD 83.50, Expires 3/21/11, Broker Jefferies & Co., Inc.

        340          (85,056 )

PPL Corp., Strike Price USD 26.25, Expires 2/07/11, Broker Jefferies & Co., Inc.

        350          (1,296 )

RPM International, Inc., Strike Price USD 23.09, Expires 3/14/11, Broker Morgan Stanley & Co., Inc.

        41,000          (45,278 )

 

         JANUARY 31, 2011   3

Schedule of Investments (concluded)    BlackRock Enhanced Dividend Achievers™ Trust (BDJ)
   (Percentages shown are based on Net Assets)

 

     Contracts    Value

Options Written

          

Over-the-Counter Call Options Written (continued)

          

RPM International, Inc., Strike Price USD 24.06, Expires 3/24/11, Broker Goldman Sachs & Co.

        65,500        $ (27,532 )

Sysco Corp., Strike Price USD 29.75, Expires 2/07/11, Broker Jefferies & Co., Inc.

        560          (2,758 )

T. Rowe Price Group, Inc., Strike Price USD 66.89, Expires 3/03/11, Broker Citigroup Global Markets, Inc.

        33,500          (48,354 )

Target Corp., Strike Price USD 56.50, Expires 3/11/11, Broker Jefferies & Co., Inc.

        680          (54,330 )

TJX Cos., Inc., Strike Price USD 48.66, Expires 3/08/11, Broker UBS Securities LLC

        51,500          (34,799 )

Travelers Cos., Inc. (The), Strike Price USD 55, Expires 3/07/11, Broker Barclays Capital, Inc.

        475          (85,042 )

UGI Corp., Strike Price USD 31.90, Expires 2/22/11, Broker Jefferies & Co., Inc.

        540          (18,929 )

United Technologies Corp., Strike Price USD 79.50, Expires 2/02/11, Broker UBS Securities LLC

        72,400          (130,320 )

United Technologies Corp., Strike Price USD 82, Expires 3/28/11, Broker UBS Securities LLC

        9,500          (18,260 )

Universal Corp., Strike Price USD 38.70, Expires 3/15/11, Broker Morgan Stanley & Co., Inc.

        9,250          (10,490 )

Universal Corp., Strike Price USD 38.70, Expires 3/25/11, Broker Morgan Stanley & Co., Inc.

        9,250          (11,932 )

Vectren Corp., Strike Price USD 26.65, Expires 3/08/11, Broker UBS Securities LLC

        18,500          (9,735 )

Vectren Corp., Strike Price USD 26.56, Expires 3/31/11, Broker Goldman Sachs & Co.

        19,400          (13,773 )

VF Corp., Strike Price USD 83.03, Expires 3/08/11, Broker Goldman Sachs & Co.

        39,500          (75,724 )

Wal-Mart Stores, Inc., Strike Price USD 57.25, Expires 3/21/11, Broker Jefferies & Co., Inc.

        780          (50,757 )
               

Total Over-the-Counter Call Options Written

             (2,795,448 )
               

Total Options Written
(Premiums Received – $6,049,861) – (1.2)%

             (7,129,393 )
               

Total Investments Net of Outstanding Options Written – 98.5%

             593,267,024  

Other Assets in Excess of Liabilities – 1.5%

             8,901,694  
               

Net Assets – 100.0%

           $ 602,168,718  
               

 

* The cost and unrealized appreciation (depreciation) of investments as of January 31, 2011 as computed for federal income tax purposes, were as follows:

 

Aggregate cost

      $ 599,441,950  
          

Gross unrealized appreciation

      $ 10,864,910  

Gross unrealized depreciation

        (9,910,443 )
          

Net unrealized appreciation

      $ 954,467  
          

 

(a) Security, or a portion thereof, pledged/held as collateral for outstanding options written.

 

(b) Represents the current yield as of report date.

 

(c) Investments in companies considered to be an affiliate of the Trust during the period, for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

 

Affiliate

    Shares Held at
October 31,
2010		    Net Activity    Shares Held at
January 31,
2011		    Income

BlackRock Liquidity Funds, TempFund, Institutional Class

        10,960,825          6,371,227          17,332,052        $ 10,274  

 

•  

For Trust compliance purposes, the Trust’s industry classifications refer to any one or more of the industry sub-classifications used by one or more widely recognized market indexes or ratings group indexes, and/or as defined by Trust management. This definition may not apply for purposes of this report, which may combine industry sub-classifications for reporting ease.

 

•  

Fair Value Measurements – Various inputs are used in determining the fair value of investments and derivatives, which are as follows:

 

  •  

Level 1 – price quotations in active markets/exchanges for identical assets and liabilities

 

  •  

Level 2 – other observable inputs (including, but not limited to: quoted prices for similar assets or liabilities in markets that are active, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the assets or liabilities (such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates) or other market-corroborated inputs)

 

  •  

Level 3 – unobservable inputs based on the best information available In the circumstances, to the extent observable inputs are not available (including the Trust’s own assumptions used in determining the fair value of investments and derivatives)

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For information about the Trust’s policy regarding valuation of investments and derivatives and other significant accounting policies, please refer to the Trust’s most recent financial statements as contained in its annual report.

The following tables summarize the inputs used as of January 31, 2011 in determining the fair valuation of the Trust’s investments and derivatives:

 

Valuation Inputs

    Level 1    Level 2    Level 3    Total

Assets:

                    

Investments in Securities:

                    

Long Term Investments:

                    

Common Stocks1

      $ 583,064,365          –          –        $ 583,064,365  

Short-Term Securities

        17,332,052          –          –          17,332,052  
                                           

Total

      $ 600,396,417          –          –        $ 600,396,417  
                                           

 

1

See above Schedule of Investments for values in each industry.

     Derivative Financial Instruments2

Valuation Inputs

    Level 1   Level 2   Level 3    Total

Liabilities:

                  

Equity contracts

      $ (4,333,945 )     $ (2,795,448 )       –        $ (7,129,393 )
                                         

 

2

Derivative financial instruments are options which are shown at value.

 

4        JANUARY 31, 2011    

Item 2    –    Controls and Procedures
2(a)    –    The registrant’s principal executive and principal financial officers or persons performing similar functions have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the “1940 Act”)) are effective as of a date within 90 days of the filing of this report based on the evaluation of these controls and procedures required by Rule 30a-3(b) under the 1940 Act and Rule 13a-15(b) under the Securities Exchange Act of 1934, as amended.
2(b)    –    There were no changes in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act) that occurred during the registrant’s last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrant’s internal control over financial reporting.
Item 3    –    Exhibits

Certifications – Attached hereto

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

BlackRock Enhanced Dividend Achievers™ Trust

  
By:  

/s/ John M. Perlowski

    
  John M. Perlowski    
  Chief Executive Officer (principal executive officer) of BlackRock Enhanced Dividend Achievers™ Trust

Date: March 25, 2011

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

 

By:  

/s/ John M. Perlowski

    
  John M. Perlowski    
  Chief Executive Officer (principal executive officer) of BlackRock Enhanced Dividend Achievers™ Trust

Date: March 25, 2011

  
By:  

/s/ Neal J. Andrews

    
  Neal J. Andrews    
  Chief Financial Officer (principal financial officer) of BlackRock Enhanced Dividend Achievers™ Trust

Date: March 25, 2011