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 811-21493
Name of Fund: BlackRock Strategic Dividend Achievers™ Trust (BDT)
Fund Address: 100 Bellevue Parkway, Wilmington, DE 19809
Name and address of agent for service: Anne F. Ackerley, Chief Executive Officer, BlackRock Strategic 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: 10/31/2010
Date of reporting period: 07/31/2010
Item 1 – Schedule of Investments
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Schedule of Investments July 31, 2010 (Unaudited) |
BlackRock Strategic Dividend Achievers™ Trust (BDT) |
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Common Stocks |
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Shares |
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Value |
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Building Products—0.9% |
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Masco Corp. |
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249,200 |
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$ |
2,561,776 |
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Capital Markets—2.6% |
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Eaton Vance Corp. |
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171,324 |
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5,132,867 |
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Federated Investors, Inc. |
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111,946 |
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2,375,494 |
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7,508,361 |
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Chemicals—1.6% |
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RPM International, Inc. |
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159,900 |
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3,001,323 |
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Stepan Co. |
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25,350 |
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1,673,354 |
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4,674,677 |
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Commercial Banks—9.6% |
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BancFirst Corp. |
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29,099 |
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1,198,297 |
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BancorpSouth, Inc. |
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122,154 |
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1,790,778 |
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Bank of Hawaii Corp. |
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100,300 |
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4,995,943 |
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Bank of the Ozarks, Inc. |
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46,159 |
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1,728,654 |
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Chemical Financial Corp. |
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56,145 |
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1,260,455 |
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Community Bank System, Inc. |
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69,100 |
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1,710,225 |
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Community Trust Bancorp, Inc. |
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41,415 |
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1,138,084 |
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Cullen/Frost Bankers, Inc. |
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97,038 |
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5,357,468 |
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Iberiabank Corp. |
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24,585 |
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1,277,437 |
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S&T Bancorp, Inc. |
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32,300 |
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655,690 |
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Trustmark Corp. |
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62,208 |
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1,368,576 |
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United Bankshares, Inc. |
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91,775 |
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2,343,016 |
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Valley National Bancorp |
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130,355 |
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1,891,451 |
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WesBanco, Inc. |
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60,700 |
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1,053,145 |
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27,769,219 |
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Commercial Services & Supplies—4.9% |
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ABM Industries, Inc. |
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137,430 |
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2,982,231 |
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Avery Dennison Corp. |
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79,841 |
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2,862,300 |
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McGrath RentCorp |
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54,761 |
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1,277,026 |
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Mine Safety Appliances Co. |
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72,700 |
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1,821,135 |
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Pitney Bowes, Inc. |
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218,075 |
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5,323,211 |
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14,265,903 |
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Computers & Peripherals—0.9% |
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Diebold, Inc. |
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88,830 |
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2,542,315 |
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Construction Materials—2.6% |
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Martin Marietta Materials, Inc. |
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43,900 |
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3,749,060 |
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Vulcan Materials Co. |
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82,800 |
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3,745,872 |
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7,494,932 |
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Containers & Packaging—2.5% |
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Bemis Co., Inc. |
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98,262 |
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2,943,929 |
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Myers Industries, Inc. |
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118,448 |
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936,924 |
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Sonoco Products Co. |
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102,500 |
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3,351,750 |
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7,232,603 |
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Distributors—0.5% |
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Genuine Parts Co. |
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35,554 |
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1,522,778 |
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Diversified Consumer Services—1.8% |
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H&R Block, Inc. |
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326,921 |
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5,126,121 |
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Diversified Telecommunication—1.0% |
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CenturyTel, Inc. |
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83,800 |
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2,984,956 |
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Electric Utilities—2.2% |
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MGE Energy, Inc. |
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41,171 |
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1,542,677 |
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Northeast Utilities |
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170,900 |
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4,757,856 |
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6,300,533 |
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Electrical Equipment—3.4% |
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AO Smith Corp. |
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37,214 |
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2,034,861 |
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Brady Corp. |
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114,791 |
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3,192,338 |
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Roper Industries, Inc. |
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73,700 |
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4,606,250 |
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9,833,449 |
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Energy Equipment & Services—1.0% |
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Helmerich & Payne, Inc. |
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69,540 |
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2,818,456 |
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Food & Staples Retailing—1.8% |
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Casey’s General Stores, Inc. |
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39,000 |
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1,491,750 |
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Common Stocks |
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Shares |
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Value |
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Food & Staples Retailing—(concluded) |
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SUPERVALU, Inc. |
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333,500 |
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$ |
3,761,880 |
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5,253,630 |
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Food Products—5.0% |
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Hormel Foods Corp. |
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148,244 |
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6,362,633 |
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J.M. Smucker Co. (The) |
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39,105 |
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2,402,220 |
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Lancaster Colony Corp. |
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48,400 |
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2,512,928 |
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McCormick & Co., Inc. |
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77,000 |
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3,028,410 |
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14,306,191 |
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Gas Utilities—10.4% |
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Atmos Energy Corp. |
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95,662 |
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2,774,198 |
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Energen Corp. |
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65,200 |
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2,897,488 |
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National Fuel Gas Co. |
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70,100 |
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3,368,305 |
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New Jersey Resources Corp. |
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126,300 |
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4,714,779 |
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Northwest Natural Gas Co. |
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82,321 |
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3,902,839 |
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Piedmont Natural Gas Co. |
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103,200 |
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2,747,184 |
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South Jersey Industries, Inc. |
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81,800 |
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3,821,696 |
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UGI Corp. |
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108,522 |
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2,925,753 |
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WGL Holdings, Inc. |
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81,685 |
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2,947,195 |
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30,099,437 |
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Health Care Equipment & Supplies—2.2% |
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Beckman Coulter, Inc. |
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45,391 |
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2,080,270 |
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Meridian Bioscience, Inc. |
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67,581 |
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1,298,231 |
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Teleflex, Inc. |
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54,400 |
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3,082,848 |
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6,461,349 |
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Household Durables—3.8% |
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Fortune Brands, Inc. |
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30,589 |
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1,342,245 |
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Leggett & Platt, Inc. |
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149,433 |
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3,114,184 |
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Stanley Black & Decker, Inc. |
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113,548 |
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6,588,055 |
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11,044,484 |
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Industrial Conglomerates—1.0% |
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Otter Tail Corp. |
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57,361 |
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1,178,769 |
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Raven Industries, Inc. |
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45,281 |
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1,586,193 |
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2,764,962 |
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Insurance—6.4% |
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Arthur J. Gallagher & Co. |
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111,000 |
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2,821,620 |
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Cincinnati Financial Corp. |
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189,042 |
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5,208,107 |
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Erie Indemnity Co., Class A |
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70,000 |
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3,432,100 |
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Harleysville Group, Inc. |
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48,800 |
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1,536,224 |
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Mercury General Corp. |
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58,800 |
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2,536,044 |
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Old Republic International Corp. |
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237,020 |
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2,965,120 |
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18,499,215 |
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Leisure Equipment & Products—1.4% |
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Polaris Industries, Inc. |
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66,700 |
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3,981,990 |
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Machinery—5.8% |
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Badger Meter, Inc. |
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60,000 |
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2,349,600 |
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Dover Corp. |
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58,875 |
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2,824,234 |
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Graco, Inc. |
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45,400 |
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1,433,278 |
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NACCO Industries, Inc. |
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26,900 |
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2,395,176 |
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Pentair, Inc. |
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152,900 |
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5,229,180 |
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Tennant Co. |
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62,702 |
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2,352,579 |
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16,584,047 |
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Media—0.5% |
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Meredith Corp. |
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43,693 |
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1,387,253 |
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Multi-Utilities—6.1% |
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Black Hills Corp. |
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59,600 |
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1,902,432 |
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Integrys Energy Group, Inc. |
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80,500 |
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3,811,675 |
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MDU Resources Group, Inc. |
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192,000 |
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3,792,000 |
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NSTAR |
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144,700 |
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5,377,052 |
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Vectren Corp. |
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113,950 |
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2,822,541 |
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17,705,700 |
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Multiline Retail—0.8% |
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Family Dollar Stores, Inc. |
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56,500 |
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2,336,275 |
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1 |
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JULY 31, 2010 |
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Schedule of Investments (continued) |
BlackRock Strategic Dividend Achievers™ Trust (BDT) |
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|
|
|
|
|
|
|
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|
Common Stocks |
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Shares |
|
Value |
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||
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Real Estate Investment Trusts (REITs)—9.8% |
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Federal Realty Investment Trust |
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|
38,700 |
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$ |
3,025,953 |
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Getty Realty Corp. |
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|
96,890 |
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|
2,321,484 |
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Home Properties, Inc. |
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|
90,234 |
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|
4,481,923 |
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Liberty Property Trust |
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|
64,500 |
|
|
2,044,650 |
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|
National Retail Properties, Inc. |
|
|
93,041 |
|
|
2,151,108 |
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|
Realty Income Corp. |
|
|
70,918 |
|
|
2,275,759 |
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Sovran Self Storage, Inc. |
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|
38,680 |
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|
1,423,424 |
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Tanger Factory Outlet Centers |
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|
34,700 |
|
|
1,551,090 |
|
|
UDR, Inc. |
|
|
148,800 |
|
|
3,141,168 |
|
|
Universal Health Realty Income Trust |
|
|
54,325 |
|
|
1,807,936 |
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|
Washington REIT |
|
|
65,400 |
|
|
1,984,890 |
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|
Weingarten Realty Investors |
|
|
99,132 |
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|
2,098,624 |
|
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|
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|
|
|
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|
|
|
|
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|
28,308,009 |
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|
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|
|
|
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|
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Semiconductors & Semiconductor Equipment—1.7% |
|
|
|
|
|
|
|
|
Linear Technology Corp. (a) |
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|
152,100 |
|
|
4,848,948 |
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|
|
|
|
|
|
|
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Tobacco—2.4% |
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|
|
|
|
|
|
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Universal Corp. |
|
|
73,608 |
|
|
3,264,515 |
|
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Vector Group Ltd. |
|
|
188,700 |
|
|
3,575,865 |
|
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|
|
|
|
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|
|
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|
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|
|
6,840,380 |
|
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|
|
|
|
|
|
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Trading Companies & Distributors—0.7% |
|
|
|
|
|
|
|
|
Fastenal Co. |
|
|
41,592 |
|
|
2,041,335 |
|
|
|
|
|
|
|
|
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Water Utilities—3.3% |
|
|
|
|
|
|
|
|
American States Water Co. |
|
|
32,925 |
|
|
1,161,594 |
|
|
Aqua America, Inc. |
|
|
253,000 |
|
|
4,930,970 |
|
|
California Water Service Group |
|
|
33,459 |
|
|
1,189,467 |
|
|
Middlesex Water Co. |
|
|
68,700 |
|
|
1,136,985 |
|
|
SJW Corp. |
|
|
45,800 |
|
|
1,139,962 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
9,558,978 |
|
|
|
|
|
|
|
|
|
|
|
Total Long-Term Investments |
|
|
|
|
|
284,658,262 |
|
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|
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Short-Term Securities |
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
BlackRock
Liquidity Funds, TempFund, |
|
|
7,253,988 |
|
|
7,253,988 |
|
|
|
|
|
|
|
|
|
|
|
Total Short-Term Securities |
|
|
|
|
|
7,253,988 |
|
|
|
|
|
|
|
|
|
|
|
Total Investments Before Outstanding
Options Written |
|
|
|
|
|
291,912,250 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Options Written |
|
Contracts |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Exchange-Traded Call Options Written—(0.4)% |
|
|
|
|
|
|
|
|
Aqua
America, Inc., Strike Price USD |
|
|
510 |
|
|
(105,825 |
) |
|
Arthur J.
Gallagher & Co., Strike Price |
|
|
220 |
|
|
(22,000 |
) |
|
Atmos
Energy Corp., Strike Price USD |
|
|
100 |
|
|
(19,195 |
) |
|
Bank of the
Ozarks, Inc., Strike Price |
|
|
92 |
|
|
(24,610 |
) |
|
Beckman
Coulter, Inc., Strike Price USD |
|
|
90 |
|
|
(900 |
) |
|
Brady
Corp., Strike Price USD 25, Expires |
|
|
115 |
|
|
(37,663 |
) |
|
Brady
Corp., Strike Price USD 30, Expires |
|
|
116 |
|
|
(6,090 |
) |
|
Community
Bank System, Inc., Strike |
|
|
145 |
|
|
(9,062 |
) |
|
Cullen/Frost
Bankers, Inc., Strike Price |
|
|
195 |
|
|
(40,950 |
) |
|
Diebold, Inc.,
Strike Price USD 30, |
|
|
178 |
|
|
(4,525 |
) |
|
Dover
Corp., Strike Price USD 45, Expires |
|
|
120 |
|
|
(45,600 |
) |
|
|
|
|
|
|
|
|
|
|
Options Written |
|
|
Contracts |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
Exchange-Traded Call Options Written—(continued) |
|
|
|
|
|
|
|
|
Eaton Vance
Corp., Strike Price USD 30, |
|
|
340 |
|
$ |
(32,300 |
) |
|
Family
Dollar Stores, Inc., Strike Price |
|
|
110 |
|
|
(39,050 |
) |
|
Fastnel
Co., Strike Price USD 55, Expires |
|
|
84 |
|
|
(840 |
) |
|
Federal
Realty Investment Trust - REIT, |
|
|
78 |
|
|
(33,930 |
) |
|
Fortune
Brands, Inc., Strike Price USD |
|
|
61 |
|
|
(7,015 |
) |
|
Genuine
Parts Co., Strike Price USD 40, |
|
|
72 |
|
|
(20,160 |
) |
|
Getty
Realty Corp., Strike Price USD |
|
|
194 |
|
|
(36,375 |
) |
|
H&R
Block, Inc., Strike Price USD 15, |
|
|
220 |
|
|
(19,800 |
) |
|
H&R
Block, Inc., Strike Price USD 16, |
|
|
435 |
|
|
(13,050 |
) |
|
Helmerich
& Payne, Inc., Strike Price |
|
|
139 |
|
|
(1,390 |
) |
|
Home
Properties, Inc., Strike Price USD |
|
|
180 |
|
|
(19,350 |
) |
|
Iberiabank
Corp., Strike Price USD 55, |
|
|
50 |
|
|
(1,750 |
) |
|
Integrys
Energy Group, Inc., Strike Price |
|
|
160 |
|
|
(44,800 |
) |
|
J.M. Smuckers
Co. (The), Strike Price |
|
|
80 |
|
|
(4,400 |
) |
|
Lancaster
Co. Corp., Strike Price USD |
|
|
100 |
|
|
— |
|
|
Linear
Technology Corp., Strike Price |
|
|
280 |
|
|
(47,600 |
) |
|
Linear
Technology Corp., Strike Price |
|
|
20 |
|
|
(1,300 |
) |
|
Mine Safety
Appliances Co., Strike Price |
|
|
145 |
|
|
(922 |
) |
|
National
Fuel Gas Co., Strike Price USD |
|
|
145 |
|
|
(8,337 |
) |
|
National
Retail Properties, Inc., Strike |
|
|
190 |
|
|
(24,225 |
) |
|
Northwest
Natural Gas Co., Strike Price |
|
|
50 |
|
|
(5,950 |
) |
|
Old
Republic International Corp., Strike |
|
|
470 |
|
|
(12,876 |
) |
|
Polaris
Industries, Inc., Strike Price USD |
|
|
135 |
|
|
(15,862 |
) |
|
Realty
Income Corp., Strike Price USD |
|
|
140 |
|
|
(12,246 |
) |
|
Roper
Industries, Inc., Strike Price USD |
|
|
150 |
|
|
(48,750 |
) |
|
South
Jersey Industries, Inc., Strike |
|
|
40 |
|
|
(9,100 |
) |
|
Stanley
Black & Decker, Inc., Strike |
|
|
230 |
|
|
(98,900 |
) |
|
Tanger
Factory Outlet Centers, Strike |
|
|
70 |
|
|
(12,425 |
) |
|
Trustmark
Corp, Strike Price USD 22.50, |
|
|
124 |
|
|
(7,440 |
) |
|
United
Bankshares, Inc., Strike Price |
|
|
180 |
|
|
(4,497 |
) |
|
Universal
Corp., Strike Price USD 40, |
|
|
75 |
|
|
(34,500 |
) |
|
Universal
Corp., Strike Price USD 45, |
|
|
70 |
|
|
(7,525 |
) |
|
Vectren Corp.,
Strike Price USD 23, |
|
|
140 |
|
|
(24,780 |
) |
|
|
|
|
|
|
|
|
JULY 31, 2010 |
2 |
|
|
|
|
|
|
|
Schedule of Investments (continued) |
BlackRock Strategic Dividend Achievers™ Trust (BDT) |
|
|
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
|
Options Written |
|
Contracts |
|
Value |
|
||
|
|
|
|
|
|
|
||
|
Exchange-Traded Call Options Written—(concluded) |
|
|
|
|
|
|
|
|
Vulcan
Materials Co., Strike Price USD |
|
|
165 |
|
$ |
(46,200 |
) |
|
Washington
REIT, Strike Price USD 30, |
|
|
135 |
|
|
(21,938 |
) |
|
Weingarten
Realty Investors - REIT, |
|
|
198 |
|
|
(34,650 |
) |
|
WGL
Holdings, Inc., Strike Price USD |
|
|
165 |
|
|
(10,814 |
) |
|
|
|
|
|
|
|
|
|
|
Total Exchange-Traded Call Options Written |
|
|
|
|
|
(1,081,467 |
) |
|
|
|
|
|
|
|
|
|
|
Over-the-Counter Call Options Written—(0.4)% |
|
|
|
|
|
|
|
|
ABM
Industries, Inc., Strike Price USD |
|
|
28,000 |
|
|
(21,687 |
) |
|
American
States Water Co., Strike Price |
|
|
3,200 |
|
|
(8,096 |
) |
|
American
States Water Co., Strike Price |
|
|
3,400 |
|
|
(4,023 |
) |
|
AO Smith
Corp., Strike Price USD 49.54, |
|
|
7,500 |
|
|
(38,648 |
) |
|
Atmos
Energy Corp., Strike Price USD |
|
|
10,000 |
|
|
(24,430 |
) |
|
Avery
Denninson, Strike Price USD 32.36, |
|
|
16,000 |
|
|
(55,840 |
) |
|
Badger
Meter, Inc., Strike Price USD |
|
|
12,000 |
|
|
(9,011 |
) |
|
Bancfirst
Corp., Strike Price USD 37.58, |
|
|
5,800 |
|
|
(21,100 |
) |
|
BancorpSouth,
Inc., Strike Price USD |
|
|
24,500 |
|
|
(11 |
) |
|
Bank of
Hawaii Corp., Strike Price USD |
|
|
20,000 |
|
|
(16,617 |
) |
|
Bemis Co.,
Strike Price USD 27.50, |
|
|
19,000 |
|
|
(46,740 |
) |
|
Black Hills
Corp., Strike Price USD 29.61, |
|
|
12,000 |
|
|
(27,720 |
) |
|
California
Water Service Group, Strike |
|
|
3,400 |
|
|
(501 |
) |
|
California
Water Service Group, Strike |
|
|
1,100 |
|
|
(560 |
) |
|
California
Water Service Group, Strike |
|
|
2,200 |
|
|
(1,336 |
) |
|
CenturyTel,
Inc., Strike Price USD 34.56, |
|
|
16,000 |
|
|
(16,925 |
) |
|
Chemical
Financial Corp., Strike Price |
|
|
11,500 |
|
|
(5,155 |
) |
|
Cincinnati
Financial Corp., Strike Price |
|
|
37,000 |
|
|
(6,136 |
) |
|
|
|
|
|
|
|
|
|
|
Options Written |
|
Contracts |
|
Value |
|
||
|
|
|
|
|
|
|
||
|
Over-the-Counter Call Options Written—(continued) |
|
|
|
|
|
|
|
|
Community
Trust Bancorp, Inc., Strike |
|
|
8,300 |
|
$ |
(12,964 |
) |
|
Energen
Corp., Strike Price USD 46.27, |
|
|
13,000 |
|
|
(5,816 |
) |
|
Erie
Indemnity Co., Class A, Strike Price |
|
|
14,000 |
|
|
(29,413 |
) |
|
Federated
Investors, Inc., Strike Price |
|
|
22,500 |
|
|
(1,014 |
) |
|
Graco,
Inc., Strike Price USD 30.80, |
|
|
9,000 |
|
|
(17,397 |
) |
|
Harleysville
Group, Inc., Strike Price |
|
|
9,800 |
|
|
(5,042 |
) |
|
Hormel
Foods Corp., Strike Price USD |
|
|
29,700 |
|
|
(41,797 |
) |
|
Leggett
& Platt, Inc., Strike Price USD |
|
|
30,000 |
|
|
(6,758 |
) |
|
Liberty
Property Trust, Strike Price USD |
|
|
13,000 |
|
|
(5,553 |
) |
|
Martin
Marietta Materials, Strike Price |
|
|
9,000 |
|
|
(5,252 |
) |
|
Masco
Corp., Strike Price USD 13.97, |
|
|
49,800 |
|
|
(1 |
) |
|
McCormick
& Co., Inc., Non-Voting |
|
|
15,000 |
|
|
(2,040 |
) |
|
McGrath
Rentcorp, Strike Price USD |
|
|
11,000 |
|
|
(14,819 |
) |
|
MDU
Resources Group, Inc., Strike Price |
|
|
40,000 |
|
|
(2,507 |
) |
|
Mercury
General Corp., Strike Price USD |
|
|
11,700 |
|
|
(21,324 |
) |
|
Meredith
Corp., Strike Price USD 31.73, |
|
|
9,000 |
|
|
(5,555 |
) |
|
Meridian
Bioscience, Inc., Strike Price |
|
|
13,500 |
|
|
(14,961 |
) |
|
MGE Energy,
Inc., Strike Price USD |
|
|
8,200 |
|
|
(5,963 |
) |
|
Middlesex
Water Co., Strike Price USD |
|
|
14,000 |
|
|
(10,761 |
) |
|
Myers
Industries, Inc., Strike Price USD |
|
|
24,000 |
|
|
(4,502 |
) |
|
Nacco
Industries, Inc., Strike Price USD |
|
|
5,500 |
|
|
(43,389 |
) |
|
|
|
|
|
|
3 |
|
JULY 31, 2010 |
|
|
|
|
|
|
|
|
Schedule of Investments (continued) |
BlackRock Strategic Dividend Achievers™ Trust (BDT) |
|
|
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
|
Options Written |
|
Contracts |
|
Value |
|
||
|
|
|
|
|
|
|
||
|
Over-the-Counter Call Options Written— (continued) |
|
|
|
|
|
|
|
|
New Jersey
Resources Corp., Strike Price |
|
|
10,300 |
|
$ |
(11,313 |
) |
|
New Jersey
Resources Corp., Strike Price |
|
|
15,000 |
|
|
(13,214 |
) |
|
Northeast
Utilities, Strike Price USD |
|
|
34,000 |
|
|
(58,820 |
) |
|
Northwest
Natural Gas Co., Strike Price |
|
|
11,500 |
|
|
(32,315 |
) |
|
NSTAR,
Strike Price USD 35.82, Expires |
|
|
29,000 |
|
|
(47,586 |
) |
|
Otter Tail
Corp., Strike Price USD 21.24, |
|
|
11,500 |
|
|
(3,110 |
) |
|
Peidmont
Natural Gas Co., Strike Price |
|
|
20,700 |
|
|
(47,393 |
) |
|
Pentair,
Inc., Strike Price USD 33.96, |
|
|
31,000 |
|
|
(32,128 |
) |
|
Pitney
Bowes, Inc., Strike Price USD |
|
|
21,800 |
|
|
(28,700 |
) |
|
Pitney
Bowes, Inc., Strike Price USD |
|
|
21,800 |
|
|
(29,178 |
) |
|
Raven
Industries, Inc., Strike Price USD |
|
|
9,000 |
|
|
(22,098 |
) |
|
RPM
International, Inc., Strike Price USD |
|
|
32,000 |
|
|
(12,757 |
) |
|
S&T
Bancorp, Inc., Strike Price USD |
|
|
6,500 |
|
|
(1,077 |
) |
|
SJW Corp.,
Strike Price USD 24.82, |
|
|
9,000 |
|
|
(10,987 |
) |
|
Sonoco
Products Co., Strike Price USD |
|
|
17,000 |
|
|
(13,194 |
) |
|
Sonoco
Products Co., Strike Price USD |
|
|
3,500 |
|
|
(1,629 |
) |
|
South
Jersey Industries, Inc., Strike |
|
|
7,000 |
|
|
(15,249 |
) |
|
South
Jersey Industries, Inc., Strike |
|
|
5,300 |
|
|
(3,683 |
) |
|
Sovran Self
Storage, Inc., Strike Price |
|
|
7,700 |
|
|
(12,624 |
) |
|
Stepan Co.,
Strike Price USD 72.62, |
|
|
5,000 |
|
|
(180 |
) |
|
SUPERVALU,
Inc., Strike Price USD |
|
|
65,500 |
|
|
(1 |
) |
|
Tennant
Co., Strike Price USD 32.35, |
|
|
12,500 |
|
|
(72,431 |
) |
|
|
|
|
|
|
|
|
|
|
Options Written |
|
Contracts |
|
Value |
|
||
|
|
|
|
|
|
|
||
|
Over-the-Counter Call Options Written— (concluded) |
|
|
|
|
|
|
|
|
UDR, Inc.,
Strike Price USD 20.24, |
|
|
29,800 |
|
$ |
(27,884 |
) |
|
UGI Corp.,
Strike Price USD 26.76, |
|
|
22,000 |
|
|
(13,047 |
) |
|
Universal
Health Realty Income Trust, |
|
|
11,000 |
|
|
(11,492 |
) |
|
Valley
National Bancorp, Strike Price |
|
|
26,000 |
|
|
(11,436 |
) |
|
Vector
Group Ltd., Strike Price USD |
|
|
38,000 |
|
|
(75,521 |
) |
|
Vectren
Corp., Strike Price USD 24.38, |
|
|
9,000 |
|
|
(5,100 |
) |
|
WesBanco,
Inc., Strike Price USD 16.64, |
|
|
12,100 |
|
|
(19,122 |
) |
|
|
|
|
|
|
|
|
|
|
Total Over-the-Counter Call Options Written |
|
|
|
|
|
(1,194,633 |
) |
|
|
|
|
|
|
|
|
|
|
Total Options Written |
|
|
|
|
|
(2,276,100 |
) |
|
|
|
|
|
|
|
|
|
|
Total Investments Net of Outstanding Options Written—100.3% |
|
|
289,636,150 |
|
|||
|
Liabilities in Excess of Other Assets—(0.3)% |
|
|
|
|
|
(799,392 |
) |
|
|
|
|
|
|
|
|
|
|
Net Assets—100.0% |
|
|
|
|
$ |
288,836,758 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
* |
The cost and unrealized appreciation (depreciation) of investments as of July 31, 2010, as computed for federal income tax purposes, were as follows: |
|
|
|
|
|
|
|
Aggregate cost |
|
$ |
299,883,065 |
|
|
|
|
|
|
|
|
Gross unrealized appreciation |
|
$ |
20,796,751 |
|
|
Gross unrealized depreciation |
|
|
(28,767,566 |
) |
|
|
|
|
|
|
|
Net unrealized depreciation |
|
$ |
(7,970,815 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
(a) |
Security, or a portion thereof, pledged as collateral for outstanding options written. |
|
|
|
|
(b) |
Investments in companies considered to be an affiliate of the Trust, for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
|
Affiliate |
|
Shares |
|
Net Activity |
|
Shares |
|
Income |
|
||||
|
|
|
|
|
|
|
|
|
|
|
||||
|
BlackRock
Liquidity Funds, |
|
|
3,951,206 |
|
|
3,302,782 |
|
|
7,253,988 |
|
$ |
6,575 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(c) |
Represents current yield as of report date. |
|
|
|
|
• |
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 defined by Trust management. This definition may not apply for purposes of this report, which may combine industry sub-classifications for reporting ease. |
|
|
|
|
|
|
|
|
JULY 31, 2010 |
4 |
|
|
|
|
|
|
|
Schedule of Investments (concluded) |
BlackRock Strategic Dividend Achievers™ Trust (BDT) |
|
|
(Percentages shown are based on Net Assets) |
|
|
|
|
|
• |
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 methodologies 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 other significant accounting policies, please refer to the Trust’s most recent financial statements as contained in its semi-annual report. |
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The following tables summarize the inputs used as of July 31, 2010 in determining the fair valuation of the Trust’s investments and derivatives: |
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Valuation Inputs |
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Level 1 |
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Level 2 |
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Level 3 |
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Total |
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Assets: |
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Investments in Securities: |
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Common Stocks1 |
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$ |
284,658,262 |
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— |
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— |
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$ |
284,658,262 |
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Short-Term Securities |
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7,253,988 |
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— |
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— |
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7,253,988 |
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Total |
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$ |
291,912,250 |
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— |
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— |
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$ |
291,912,250 |
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1 |
See above Schedule of Investments for values in each industry. |
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Derivative Financial Instruments2 |
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Valuation Inputs |
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Level 1 |
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Level 2 |
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Level 3 |
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Total |
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Liabilities: |
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Equity contracts |
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$ |
(985,662 |
) |
$ |
(1,290,438 |
) |
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— |
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$ |
(2,276,100 |
) |
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2 |
Derivative financial instruments are options which are shown at market value. |
KEY TO ABBREVIATIONS
USD — U.S. Dollar
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5 |
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JULY 31, 2010 |
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Item 2 – Controls and Procedures |
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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. |
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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. |
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Item 3 – Exhibits |
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Certifications – Attached hereto |
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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. |
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BlackRock Strategic Dividend Achievers™ Trust |
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By: |
/s/ Anne F. Ackerley |
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Anne F. Ackerley |
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Chief Executive Officer of |
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BlackRock Strategic Dividend Achievers™ Trust |
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Date: September 27, 2010 |
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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. |
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By: |
/s/ Anne F. Ackerley |
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Anne F. Ackerley |
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Chief Executive Officer
(principal executive officer) of |
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Date: September 27, 2010 |
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By: |
/s/ Neal J. Andrews |
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Neal J. Andrews |
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Chief Financial Officer
(principal financial officer) of |
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Date: September 27, 2010 |
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