UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY
Investment Company Act file number:__811-21493______
_______BlackRock Strategic Dividend Achievers Trust_______
(Exact name of registrant as specified in charter)
BlackRock Strategic Dividend Achievers Trust
Registrant's telephone number, including area code:_888-825-2257__________________
Date of fiscal year end: October 31, 2005Date of reporting period:__January 31, 2005_________________________________
Item 1. Schedule of Investments.
The registrant’s unaudited schedule of investments as of the close of the reporting period pursuant to Rule 30b1-5 under the Investment Company Act of 1940 is as follows:
PORTFOLIO OF INVESTMENTS (unaudited)
JANUARY 31, 2005
BlackRock Strategic Dividend Achievers Trust (BDT)
Shares |
Value | |||
| COMMON STOCKS—99.4% | ||||
| Automotive—2.2% | ||||
| 213,900 | Genuine Parts Co. | $ 9,054,387 | ||
| Basic Materials—2.3% | ||||
| 36,273 | Quaker Chemical Corp. | 830,652 | ||
| 256,700 | RPM International, Inc. | 4,525,621 | ||
| 155,300 | Sonoco Products Co. | 4,031,588 | ||
| 9,387,861 | ||||
| Consumer Products—12.5% | ||||
| 118,900 | Avery Dennison Corp. | 7,144,701 | ||
| 225,300 | McCormick & Co., Inc. | 8,374,401 | ||
| 169,287 | Meridian Bioscience, Inc. (The) | 2,520,683 | ||
| 199,700 | Sherwin-Williams Co. (The) | 8,627,040 | ||
| 86,000 | Stanley Works (The) | 4,090,160 | ||
| 252,000 | Supervalu, Inc. | 7,965,720 | ||
| 72,200 | Universal Corp. | 3,412,172 | ||
| 159,900 | VF Corp. | 8,498,685 | ||
| 50,633,562 | ||||
| Energy—16.8% | ||||
| 79,500 | American States Water Co. | 2,063,025 | ||
| 174,200 | Atmos Energy | 4,825,340 | ||
| 59,600 | Black Hills Corp. | 1,775,484 | ||
| 66,000 | California Water Service Group | 2,142,360 | ||
| 98,800 | Cleco Corp. | 1,949,324 | ||
| 158,600 | MDU Resources Group, Inc. | 4,240,964 | ||
| 62,200 | MGE Energy, Inc. | 2,233,602 | ||
| 179,400 | National Fuel Gas Co. | 5,059,080 | ||
| 132,100 | Nicor, Inc. | 4,877,132 | ||
| 71,500 | Otter Tail Corp. | 1,787,500 | ||
| 109,500 | Peoples Energy Corp. | 4,689,885 | ||
| 222,200 | Piedmont Natural Gas Co. | 5,161,706 | ||
| 191,700 | Pinnacle West Capital Corp. | 7,993,890 | ||
| 113,500 | UGI Corp. | 4,729,545 | ||
| 182,200 | Vectren Corp. | 5,030,542 | ||
| 149,000 | WGL Holdings, Inc. | 4,523,640 | ||
| 92,600 | WPS Resources Corp. | 4,731,860 | ||
| 67,814,879 | ||||
| Financial Institutions—45.6% | ||||
| 115,900 | Arthur J. Gallagher & Co. | 3,436,435 | ||
| 201,615 | Associated Banc Corp. | 6,659,343 | ||
| 180,473 | Bancorpsouth, Inc. | 3,934,311 | ||
| 86,000 | Bank of Hawaii Corp. | 4,120,260 | ||
| 55,679 | Chemical Financial Corp. | 2,065,691 | ||
| 181,755 | Cincinnati Financial Corp. | 8,019,031 | ||
| 114,100 | Citizens Banking Corp. | 3,566,766 | ||
| 92,100 | Community Bank System, Inc. | 2,196,585 | ||
| 32,340 | Community Trust Bancorp, Inc. | 997,398 | ||
| 181,100 | Compass Bancshares, Inc. | 8,480,913 | ||
| 90,400 | Corus Bankshares, Inc. | 4,538,080 | ||
| 190,600 | Fidelity National Financial, Inc. | 8,352,092 | ||
| 84,400 | First Charter Corp. | 1,936,980 | ||
| 124,400 | First Commonwealth Financial Corp. | 1,785,140 | ||
| 32,173 | First Financial Corp. | 1,018,275 | ||
| 61,000 | First Financial Holdings, Inc. | 1,783,640 | ||
| 46,200 | First Indiana Corp. | 1,086,162 | ||
| 37,800 | First Merchants Corp. | 979,398 | ||
| 174,400 | FirstMerit Corp. | 4,621,600 | ||
| 94,300 | FNB Corp. | 1,865,254 | ||
| 70,625 | Glacier Bancorp, Inc. | 2,250,819 | ||
| 100,900 | Harleysville Group, Inc. | 2,179,440 | ||
| 76,650 | Harleysville National Corp. | 1,942,311 | ||
| 305,700 | Hibernia Corp. | 8,046,024 | ||
1
BlackRock Strategic Dividend Achievers Trust (BDT) (continued)
Shares |
Value | |||
| Financial Institutions—(continued) | ||||
| 97,000 | Hudson United Bancorp | $ 3,565,720 | ||
| 131,600 | Jefferson-Pilot Corp. | 6,566,840 | ||
| 86,400 | Mercantile Bankshares Corp. | 4,374,432 | ||
| 73,600 | Mercury General Corp. | 4,187,840 | ||
| 79,875 | National Penn Bancshares, Inc. | 2,066,366 | ||
| 171,045 | Old National Bancorp. | 3,723,650 | ||
| 302,900 | Old Republic International Corp. | 7,027,280 | ||
| 16,905 | Park National Corp. | 2,050,238 | ||
| 128,700 | People's Bank | 4,765,761 | ||
| 323,000 | Popular, Inc. | 8,617,640 | ||
| 148,940 | Republic Bancorp, Inc. | 2,125,374 | ||
| 59,800 | S&T Bancorp, Inc. | 2,204,228 | ||
| 36,416 | Sterling Financial Corp. | 1,010,544 | ||
| 129,336 | Suntrust Bank, Inc. | 9,314,779 | ||
| 78,900 | Susquehanna Bancshares, Inc. | 1,948,041 | ||
| 93,000 | SWS Group, Inc. | 1,889,760 | ||
| 311,700 | Synovus Financial Corp. | 8,456,421 | ||
| 150,000 | TCF Financial Corp. | 4,216,500 | ||
| 117,400 | United Bankshares, Inc. | 4,003,340 | ||
| 135,135 | Valley National Bancorp | 3,486,483 | ||
| 147,100 | Washington Federal, Inc. | 3,831,955 | ||
| 68,400 | WesBanco, Inc. | 1,926,144 | ||
| 84,000 | Whitney Holding Corp. | 3,828,720 | ||
| 98,600 | Wilmington Trust Corp. | 3,428,322 | ||
| 184,478,326 | ||||
| Industrials—9.9% | ||||
| 46,300 | Bandag, Inc. | 2,240,920 | ||
| 96,000 | Federal Signal Corp. | 1,586,880 | ||
| 295,600 | Leggett & Platt, Inc. | 8,424,600 | ||
| 54,900 | McGrath Rentcorp | 2,358,504 | ||
| 256,600 | RR Donnelley & Sons Co. | 8,583,270 | ||
| 607,500 | ServiceMaster Co. | 7,830,675 | ||
| 157,800 | Vulcan Materials Co. | 8,912,544 | ||
| 39,937,393 | ||||
| Health Care—0.6% | ||||
| 48,600 | Mine Safety Appliances Co. | 2,379,456 | ||
| Real Estate—9.5% | ||||
| 61,800 | Camden Property Trust (REIT) | 2,800,158 | ||
| 168,900 | Commercial Net Lease Realty (REIT) | 3,166,875 | ||
| 80,500 | Eastgroup Properties (REIT) | 2,913,295 | ||
| 76,700 | Federal Realty Investment Trust (REIT) | 3,618,706 | ||
| 67,800 | General Growth Properties, Inc. (REIT) | 2,154,006 | ||
| 97,300 | Health Care Property Investors, Inc. (REIT) | 2,525,908 | ||
| 63,600 | Healthcare Realty Trust (REIT) | 2,319,492 | ||
| 65,600 | Kimco Realty Corp. (REIT) | 3,475,488 | ||
| 122,800 | Tanger Factory Outlet Centers (REIT) | 2,898,080 | ||
| 143,900 | United Dominion Realty Trust, Inc. (REIT) | 3,197,458 | ||
| 105,100 | Universal Health Realty (REIT) | 3,167,714 | ||
| 81,400 | Washington Real Estate Investment Trust (REIT) | 2,464,792 | ||
| 96,650 | Weingarten Realty Investors (REIT) | 3,455,238 | ||
| 38,157,210 | ||||
| Total Common Stocks (cost $371,881,999) | 401,843,074 | |||
| Money Market Fund—0.6% | ||||
| 2,487,026 | Fidelity Institutional Money Market Prime Portfolio (cost $2,487,026) | 2,487,026 | ||
| Total Investments—100.0% (cost $374,369,025) | $404,330,100 | |||
| Liabilities in excess of other assets—(0.0%) | (83,042) | |||
| Net Assets—100.0% | $404,247,058 | |||
| A category may contain multiple industries as defined by the SEC’s Standard Industry Codes. | ||||
KEY TO ABBREVIATIONS
REIT — Real Estate Investment Trust
2
Item 2. Controls and Procedures.
(a) The registrant's principal executive officer and principal financial officer have evaluated the registrant's disclosure controls and procedures within 90 days of this filing and have concluded that the registrant’s disclosure controls and procedures are effective, as of that date, in ensuring that information required to be disclosed by the registrant in this Form N-Q was recorded, processed, summarized, and reported timely.
(b) The registrant's principal executive officer and principal financial officer are aware of no changes in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting.
Item 3. Exhibits.Separate certifications of the registrant’s principal executive and financial officers pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 are attached as EX-99.CERT.
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.
(Registrant)___BlackRock Strategic Dividend Achievers Trust___
By: /s/ Henry Gabbay
Name: Henry Gabbay
Title: Treasurer
Date: April 1, 2005
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/ Robert S. Kapito
Name: Robert S. Kapito
Title: Principal Executive Officer
Date: April 1, 2005
By: /s/ Henry Gabbay
Name: Henry Gabbay
Title: Principal Financial Officer
Date: April 1, 2005