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BDT Blackrock Strategic Equity Dividend Trust

10.79
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
Blackrock Strategic Equity Dividend Trust NYSE:BDT NYSE Ordinary Share
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 10.79 0.00 01:00:00

- Quarterly Schedule of Portfolio Holdings of Registered Management Investment Company (N-Q)

31/03/2009 4:03pm

Edgar (US Regulatory)


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 AchieversTM Trust (BDT)

Fund Address: 100 Bellevue Parkway, Wilmington, DE 19809

Name and address of agent for service: Donald C. Burke, Chief Executive Officer, BlackRock Strategic Dividend AchieversTM Trust, 800 Scudders Mill Road, Plainsboro, NJ, 08536. Mailing address: P.O. Box 9011, Princeton, NJ, 08543-9011

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

Date of fiscal year end: 10/31/2009

Date of reporting period: 11/01/2008 – 01/31/2009



Item 1 – Schedule of Investments

 

 

Schedule of Investments January 31, 2009 (Unaudited)

BlackRock Strategic Dividend Achievers™ Trust (BDT)

 

(Percentages shown are based on Net Assets)


 

 

 

 

 

 

 

 

Shares

 

Common Stocks

 

Value

 







 

 

 

Automotive—2.5%

 

 

 

 

 

182,400

 

Genuine Parts Co.

 

$

5,840,448

 







 

 

 

Basic Materials—2.7%

 

 

 

 

 

172,000

 

RPM International, Inc.

 

 

2,117,320

 

 

108,600

 

Sonoco Products Co.

 

 

2,490,198

 

 

47,600

 

Stepan Co.

 

 

1,746,444

 

 

 

 

 

 



 

 

 

 

 

 

 

6,353,962

 









 

 

 

Building & Development—2.7%

 

 

 

 

 

82,200

 

ABM Industries, Inc.

 

 

1,220,670

 

 

435,100

 

D.R. Horton, Inc.

 

 

2,593,196

 

 

312,600

 

Masco Corp.

 

 

2,444,532

 

 

 

 

 

 



 

 

 

 

 

 

 

6,258,398

 









 

 

 

Consumer Products—19.7%

 

 

 

 

 

147,800

 

Avery Dennison Corp.

 

 

3,581,194

 

 

134,000

 

Clorox Co.

 

 

6,720,100

 

 

343,500

 

H&R Block, Inc.

 

 

7,120,755

 

 

187,800

 

Harley-Davidson, Inc.

 

 

2,287,404

 

 

64,000

 

Hillenbrand, Inc.

 

 

1,183,360

 

 

73,300

 

HNI Corp.

 

 

968,293

 

 

51,600

 

Lancaster Colony Corp.

 

 

1,878,756

 

 

106,000

 

Meridian Bioscience, Inc.

 

 

2,253,560

 

 

76,800

 

Polaris Industries, Inc.

 

 

1,633,536

 

 

129,000

 

Sherwin-Williams Co. (The)

 

 

6,159,750

 

 

69,800

 

Stanley Works (The)

 

 

2,181,948

 

 

195,500

 

SUPERVALU, INC.

 

 

3,429,070

 

 

57,400

 

Universal Corp.

 

 

1,755,292

 

 

94,100

 

VF Corp.

 

 

5,271,482

 

 

 

 

 

 



 

 

 

 

 

 

 

46,424,500

 









 

 

 

Energy—20.7%

 

 

 

 

 

50,400

 

American States Water Co.

 

 

1,742,328

 

 

216,500

 

Aqua America, Inc.

 

 

4,490,210

 

 

174,200

 

Atmos Energy Corp.

 

 

4,276,610

 

 

99,200

 

Black Hills Corp.

 

 

2,628,800

 

 

46,400

 

California Water Service Group

 

 

2,018,400

 

 

97,900

 

Integrys Energy Group, Inc.

 

 

4,087,325

 

 

146,000

 

MDU Resources Group, Inc.

 

 

2,903,940

 

 

54,200

 

MGE Energy, Inc.

 

 

1,737,110

 

 

76,800

 

National Fuel Gas Co.

 

 

2,300,928

 

 

70,500

 

New Jersey Resources Corp.

 

 

2,826,345

 

 

42,600

 

Northwest Natural Gas Co.

 

 

1,829,244

 

 

51,500

 

Otter Tail Corp.

 

 

1,043,905

 

 

139,300

 

Peidmont Natural Gas Co.

 

 

3,609,263

 

 

151,200

 

UGI Corp.

 

 

3,835,944

 

 

175,300

 

Vectren Corp.

 

 

4,520,987

 

 

149,000

 

WGL Holdings, Inc.

 

 

4,782,900

 

 

 

 

 

 



 

 

 

 

 

 

 

48,634,239

 









 

 

 

Financial Institutions—25.0%

 

 

 

 

 

115,500

 

Arthur J. Gallagher & Co.

 

 

2,722,335

 

 

140,800

 

Associated Banc-Corp

 

 

2,203,520

 

 

156,900

 

BancorpSouth, Inc.

 

 

2,965,410

 

 

64,500

 

Bank of Hawaii Corp.

 

 

2,313,615

 

 

76,600

 

Chemical Financial Corp.

 

 

1,746,480

 

 

190,842

 

Cincinnati Financial Corp.

 

 

4,185,165

 

 

151,100

 

Comerica, Inc.

 

 

2,517,326

 

 

74,600

 

Community Bank System, Inc.

 

 

1,339,070

 

 

41,940

 

Erie Indemnity Co., Class A

 

 

1,486,773

 

 

50,000

 

First Busey Corp.

 

 

437,500

 

 

174,400

 

FirstMerit Corp.

 

 

2,820,048

 

 

114,100

 

FNB Corp.

 

 

902,531

 

 

244,125

 

Fulton Financial Corp.

 

 

1,713,757

 

 

50,000

 

Harleysville Group, Inc.

 

 

1,422,000

 

 

63,800

 

Harleysville National Corp.

 

 

593,978

 

 

77,400

 

M&T Bank Corp.

 

 

3,011,634

 

 

227,198

 

Marshall & Ilsley Corp.

 

 

1,297,301

 

 

73,600

 

Mercury General Corp.

 

 

2,851,264

 

 

101,200

 

Old National Bancorp

 

 

1,288,276

 

 

211,000

 

Old Republic International Corp.

 

 

2,177,520

 

 

25,200

 

Park National Corp.

 

 

1,367,100

 

 

106,700

 

Pinnacle West Capital Corp.

 

 

3,571,249

 

 

59,800

 

S&T Bancorp, Inc.

 

 

1,520,714

 

 

 

 

 

 

 

 

 

Shares

 

Common Stocks

 

Value

 







 

 

 

Financial Institutions— (cont’d)

 

 

 

 

 

78,900

 

Susquehanna Bancshares, Inc.

 

$

867,900

 

 

285,400

 

Synovus Financial Corp.

 

 

1,130,184

 

 

150,000

 

TCF Financial Corp.

 

 

1,858,500

 

 

80,900

 

Trustmark Corp.

 

 

1,642,270

 

 

67,900

 

United Bankshares, Inc.

 

 

1,425,221

 

 

193,080

 

Valley National Bancorp

 

 

2,513,902

 

 

68,400

 

WesBanco, Inc.

 

 

1,413,144

 

 

112,200

 

Wilmington Trust Corp.

 

 

1,536,018

 

 

 

 

 

 



 

 

 

 

 

 

 

58,841,705

 









 

 

 

Health Care—0.4%

 

 

 

 

 

64,000

 

Hill-Rom Holdings, Inc.

 

 

901,120

 









 

 

 

Industrials—10.0%

 

 

 

 

 

31,675

 

A.O. Smith Corp.

 

 

870,429

 

 

146,500

 

Bemis Co., Inc.

 

 

3,306,505

 

 

133,575

 

Dover Corp.

 

 

3,777,501

 

 

193,300

 

Leggett & Platt, Inc.

 

 

2,414,317

 

 

74,600

 

McGrath RentCorp

 

 

1,564,362

 

 

97,600

 

Vulcan Materials Co.

 

 

4,827,296

 

 

92,000

 

W.W. Grainger, Inc.

 

 

6,711,400

 

 

 

 

 

 



 

 

 

 

 

 

 

23,471,810

 









 

 

 

Media—0.4%

 

 

 

 

 

169,800

 

New York Times Co. (The), Class A

 

 

843,906

 









 

 

 

Real Estate Investment Trust—7.7%

 

 

 

 

 

91,000

 

Duke Realty Corp.

 

 

838,110

 

 

44,400

 

EastGroup Properties, Inc.

 

 

1,348,872

 

 

97,300

 

HCP, Inc.

 

 

2,270,982

 

 

132,000

 

Lexington Realty Trust

 

 

584,760

 

 

71,500

 

Liberty Property Trust

 

 

1,430,000

 

 

148,200

 

National Retail Properties, Inc.

 

 

2,138,526

 

 

122,700

 

Realty Income Corp.

 

 

2,364,429

 

 

120,800

 

UDR, Inc.

 

 

1,416,984

 

 

89,200

 

Universal Health Realty Income Trust

 

 

2,729,520

 

 

70,500

 

Washington Real Estate Investment Trust

 

 

1,678,605

 

 

81,150

 

Weingarten Realty Investors

 

 

1,313,818

 

 

 

 

 

 



 

 

 

 

 

 

 

18,114,606

 









 

 

 

Technology—4.1%

 

 

 

 

 

222,800

 

Linear Technology Corp.

 

 

5,217,976

 

 

197,700

 

Pitney Bowes, Inc.

 

 

4,400,802

 

 

 

 

 

 



 

 

 

 

 

 

 

9,618,778

 









 

 

 

Telecommunications—1.1%

 

 

 

 

 

100,000

 

CenturyTel, Inc.

 

 

2,714,000

 







 

 

 

Transportation—1.2%

 

 

 

 

 

62,300

 

C.H. Robinson Worldwide, Inc.

 

 

2,864,554

 







 

 

 

Total Long-Term Investments
(Cost—$332,098,973)—98.2%

 

 

230,882,026

 









 

 

 

 

 

 

 

 


 

 

 

Short-Term Securities

 

 

 

 









 

 

 

Money Market Fund—2.3%

 

 

 

 

 

5,428,633

 

BlackRock Liquidity Funds, TempFund, 1.25%(a)(b)
(Cost—$5,428,633)

 

 

5,428,633

 









 

 

 

Total Investments Before Outstanding Options Written

 

 

 

 

 

 

 

(Cost—$337,527,606*)—100.5%

 

 

236,310,659

 









 

 

 

 

 

 

 

 


Contracts

 

Options Written

 

 

 

 









 

 

 

Exchange-Traded Call Options Written—(0.4)%

 

 

 

 

 

(434

)

Aqua America, Inc., strike price $22.50, expires 03/23/09

 

 

(15,190

)

 

(348

)

Atmos Energy Corp., strike price $25, expires 03/23/09

 

 

(26,100

)

 

(315

)

BancorpSouth, Inc., strike price $22.50, expires 03/23/09

 

 

(16,538

)

 

(293

)

Bemis Co., Inc., strike price $25, expires 03/23/09

 

 

(15,382

)

 

(200

)

CenturyTel, Inc., strike price $30, expires 03/23/09

 

 

(9,500

)



 

 

 

 

 

 

 

 

1

 

   JANUARY 31, 2009

 



 

 

Schedule of Investments (continued)

BlackRock Strategic Dividend Achievers™ Trust (BDT)

 

(Percentages shown are based on Net Assets)


 

 

 

 

 

 

 

 

Contracts

 

Options Written

 

Value

 







 

 

 

Exchange-Traded Call Options Written— (cont’d)

 

 

 

 

 

(382

)

Cincinnati Financial Corp., strike price $30, expires 03/23/09

 

$

(6,685

)

 

(268

)

Clorox Co., strike price $55, expires 03/23/09

 

 

(18,090

)

 

(302

)

Comerica, Inc., strike price $15, expires 03/23/09

 

 

(94,375

)

 

(349

)

FirstMerit Corp., strike price $17.50, expires 03/23/09

 

 

(31,410

)

 

(365

)

Genuine Parts Co., strike price $40, expires 03/23/09

 

 

(6,387

)

 

(687

)

H&R Block, Inc., strike price $22.50, expires 03/23/09

 

 

(51,525

)

 

(376

)

Harley-Davidson, Inc., strike price $15, expires 03/23/09

 

 

(22,560

)

 

(195

)

HCP, Inc., strike price $25, expires 03/23/09

 

 

(36,075

)

 

(140

)

Liberty Property Trust, strike price $20, expires 03/23/09

 

 

(37,800

)

 

(140

)

Liberty Property Trust, strike price $22.50, expires 03/23/09

 

 

(21,350

)

 

(446

)

Linear Technology Corp., strike price $25, expires 03/23/09

 

 

(33,450

)

 

(625

)

Masco Corp., strike price $10, expires 03/23/09

 

 

(12,500

)

 

(212

)

Meridian Bioscience, Inc., strike price $22.50, expires 03/23/09

 

 

(20,140

)

 

(85

)

Northwest Natural Gas Co., strike price $45, expires 03/23/09

 

 

(13,600

)

 

(200

)

Old National Bancorp, strike price $15, expires 03/23/09

 

 

(6,000

)

 

(213

)

Pinnacle West Capital Corp., strike price $35, expires 03/23/09

 

 

(17,040

)

 

(400

)

Pitney Bowes, Inc., strike price $25, expires 03/23/09

 

 

(15,000

)

 

(154

)

Polaris Industries, Inc., strike price $25, expires 03/23/09

 

 

(12,320

)

 

(245

)

Realty Income Corp., strike price $22.50, expires 03/23/09

 

 

(15,312

)

 

(258

)

Sherwin-Williams Co. (The), strike price $60, expires 03/23/09

 

 

(3,225

)

 

(220

)

Sonoco Products Co., strike price $25, expires 03/23/09

 

 

(19,800

)

 

(140

)

Stanley Works (The), strike price $35, expires 03/23/09

 

 

(9,100

)

 

(391

)

SUPERVALU, INC., strike price $20, expires 03/23/09

 

 

(20,528

)

 

(20

)

Susquehanna Bancshares, Inc., strike price $12.50, expires 03/23/09

 

 

(1,350

)

 

(300

)

TCF Financial Corp., strike price $12.50, expires 03/23/09

 

 

(41,250

)

 

(160

)

Trustmark Corp., strike price $17.50, expires 03/23/09

 

 

(55,200

)

 

(240

)

UDR, Inc., strike price $12.50, expires 03/23/09

 

 

(21,600

)

 

(302

)

UGI Corp., strike price $25, expires 03/23/09

 

 

(47,565

)

 

(136

)

United Bankshares, Inc., strike price $25, expires 03/23/09

 

 

(10,540

)

 

(115

)

Universal Corp., strike price $35, expires 03/23/09

 

 

(6,612

)

 

(188

)

VF Corp., strike price $60, expires 03/23/09

 

 

(40,890

)

 

(195

)

Vulcan Materials Co., strike price $60, expires 03/23/09

 

 

(24,375

)

 

(185

)

W.W. Grainger, Inc., strike price $80, expires 03/23/09

 

 

(22,663

)

 

(80

)

Weingarten Realty Investors, strike price $17.50, expires 02/23/09

 

 

(6,800

)

 

(20

)

Weingarten Realty Investors, strike price $17.50, expires 03/23/09

 

 

(2,250

)

 

 

 

 

 

 

 

 

Contracts

 

Options Written

 

Value

 







 

 

 

Exchange-Traded Call Options Written— (cont’d)

 

 

 

 

 

(298

)

WGL Holdings, Inc., strike price $35, expires 03/23/09

 

$

(17,880

)









 

 

 

Total Exchange-Traded Call Options Written

 

 

(905,957

)









 

 

 

Over-the-Counter Call Options Written—(0.4)%

 

 

 

 

 

(6,000

)

A.O. Smith Corp., strike price $33, expires 03/25/09, broker Citigroup Global Markets

 

 

(1,798

)

 

(16,000

)

ABM Industries, Inc., strike price $17.55, expires 03/25/09, broker Deutsche Bank Securities

 

 

(4,630

)

 

(10,000

)

American States Water Co., strike price $35.44, expires 03/25/09, broker Goldman Sachs & Co.

 

 

(34,384

)

 

(250

)

Arthur J. Gallagher & Co., strike price $27.25, expires 03/25/09, broker UBS Securities LLC

 

 

(3,317

)

 

(28,000

)

Associated Banc-Corp, strike price $16.58, expires 03/25/09, broker Goldman Sachs & Co.

 

 

(27,376

)

 

(295

)

Avery Denninson Corp., strike price $31, expires 03/25/09, broker Jefferies & Co., Inc.

 

 

(1,333

)

 

(13,000

)

Bank of Hawaii Corp., strike price $35.98, expires 03/25/09, broker Citigroup Global Markets

 

 

(34,540

)

 

(20,000

)

Black Hills Corp., strike price $27.93, expires 03/25/09, broker Deutsche Bank Securities

 

 

(7,762

)

 

(13,000

)

C.H. Robinson Worldwide, Inc., strike price $48.18, expires 03/25/09, broker Deutsche Bank Securities

 

 

(27,312

)

 

(10,000

)

California Water Service Group, strike price $46.80, expires 03/25/09, broker Citigroup Global Markets

 

 

(24,173

)

 

(15,000

)

Chemical Financial Corp., strike price $26, expires 03/25/09, broker Goldman Sachs & Co.

 

 

(15,381

)

 

(15,000

)

Community Bank System, Inc., strike price $20.77, expires 03/25/09, broker Goldman Sachs & Co.

 

 

(3,678

)

 

(87,000

)

D.R. Horton, Inc., strike price $6.97, expires 03/25/09, broker Citigroup Global Markets

 

 

(43,822

)

 

(267

)

Dover Corp., strike price $34, expires 03/25/09, broker UBS Securities LLC

 

 

(5,292

)

 

(18,200

)

Duke Realty Corp., strike price $11, expires 03/25/09, broker Goldman Sachs & Co.

 

 

(12,472

)

 

(9,000

)

EastGroup Properties, Inc., strike price $34.73, expires 03/25/09, broker Goldman Sachs & Co.

 

 

(10,271

)

 

(9,000

)

Erie Indemnity Co., Class A, strike price $40.34, expires 03/25/09, broker Goldman Sachs & Co.

 

 

(13,975

)

 

(17,000

)

First Busey Corp., strike price $12.74, expires 03/25/09, broker Goldman Sachs & Co.

 

 

(4,077

)

 

(23,000

)

FNB Corp., strike price $8.35, expires 03/25/09, broker Goldman Sachs & Co.

 

 

(9,322

)

 

(49,000

)

Fulton Financial Corp., strike price $8.05, expires 03/25/09, broker Citigroup Global Markets

 

 

(15,357

)

 

(10,000

)

Harleysville Group, Inc., strike price $31.93, expires 03/25/09, broker Goldman Sachs & Co.

 

 

(11,328

)

 

(13,000

)

Harleysville National Corp., strike price $11.90, expires 03/25/09, broker Goldman Sachs & Co.

 

 

(2,131

)



 

 

 

 

 

 

 

 

 

 

   JANUARY 31, 2009

2



 

 

Schedule of Investments (continued)

BlackRock Strategic Dividend Achievers™ Trust (BDT)

 

(Percentages shown are based on Net Assets)


 

 

 

 

 

 

 

 

Contracts

 

Options Written

 

Value

 







 

 

 

Over-the-Counter Call Options Written— (cont’d)

 

 

 

 

 

(128

)

Hill-Rom Holdings, Inc., strike price $16.25, expires 03/25/09, broker UBS Securities LLC

 

$

(2,223

)

 

(13,000

)

Hillenbrand, Inc., strike price $19.73, expires 03/25/09, broker Deutsche Bank Securities

 

 

(17,395

)

 

(15,000

)

HNI Corp., strike price $14.94, expires 03/25/09, broker Citigroup Global Markets

 

 

(12,454

)

 

(196

)

Integrys Energy Group, Inc., strike price $47, expires 03/25/09, broker UBS Securities LLC

 

 

(9,482

)

 

(10,000

)

Lancaster Colony Corp., strike price $35.15, expires 03/25/09, broker Goldman Sachs & Co.

 

 

(20,538

)

 

(39,000

)

Leggett & Platt, Inc., strike price $14.56, expires 03/25/09, broker Deutsche Bank Securities

 

 

(9,508

)

 

(26,000

)

Lexington Realty Trust, strike price $5.20, expires 03/25/09, broker Goldman Sachs & Co.

 

 

(4,335

)

 

(155

)

M&T Bank Corp., strike price $42, expires 03/27/09, broker UBS Securities LLC

 

 

(48,045

)

 

(45,000

)

Marshall & Ilsley Corp., strike price $6.47, expires 03/25/09, broker Goldman Sachs & Co.

 

 

(27,428

)

 

(15,000

)

McGrath RentCorp, strike price $23.35, expires 03/25/09, broker Goldman Sachs & Co.

 

 

(13,654

)

 

(29,000

)

MDU Resources Group, Inc., strike price $21.39, expires 03/25/09, broker Citigroup Global Markets

 

 

(18,920

)

 

(15,000

)

Mercury General Corp., strike price $43.87, expires 03/25/09, broker Goldman Sachs & Co.

 

 

(32,103

)

 

(11,000

)

MGE Energy, Inc., strike price $34.12, expires 03/25/09, broker Citigroup Global Markets

 

 

(16,125

)

 

(150

)

National Fuel Gas Co., strike price $32, expires 03/27/09, broker UBS Securities LLC

 

 

(17,592

)

 

(296

)

National Retail Properties, Inc., strike price $16.25, expires 03/27/09, broker UBS Securities LLC

 

 

(11,281

)

 

(14,100

)

New Jersey Resources Corp., strike price $41.42, expires 03/25/09, broker Goldman Sachs & Co.

 

 

(35,085

)

 

(34,000

)

New York Times Co. (The), Class A, strike price $6.27, expires 03/25/09, broker Citigroup Global Markets

 

 

(6,589

)

 

(42,000

)

Old Republic International Corp., strike price $11.90, expires 03/25/09, broker Citigroup Global Markets

 

 

(16,943

)

 

(10,000

)

Otter Tail Corp., strike price $21.13, expires 03/25/09, broker Deutsche Bank Securities

 

 

(10,067

)

 

(5,000

)

Park National Corp., strike price $57.79, expires 03/25/09, broker Goldman Sachs & Co.

 

 

(42,317

)

 

(28,000

)

Peidmont Natural Gas Co., strike price $27.753, expires 03/25/09, broker Deutsche Bank Securities

 

 

(17,041

)

 

(344

)

RPM International, Inc., strike price $13.50, expires 03/25/09, broker Barclays Capital, Inc.

 

 

(9,429

)

 

(12,000

)

S&T Bancorp, Inc., strike price $28.90, expires 03/25/09, broker Goldman Sachs & Co.

 

 

(15,223

)

 

 

 

 

 

 

 

 

Contracts

 

Options Written

 

Value

 







 

 

 

Over-the-Counter Call Options Written— (cont’d)

 

 

 

 

 

(10,000

)

Stepan Co., strike price $43.77, expires 03/25/09, broker Citigroup Global Markets

 

$

(25,316

)

 

(57,100

)

Synovus Financial Corp., strike price $5.41, expires 03/27/09, broker Citigroup Global Markets

 

 

(4,237

)

 

(18,000

)

Universal Health Realty Income Trust, strike price $33.04, expires 03/25/09, broker Goldman Sachs & Co.

 

 

(63,940

)

 

(39,000

)

Valley National Bancorp, strike price $14.44, expires 03/25/09, broker Goldman Sachs & Co.

 

 

(19,048

)

 

(351

)

Vectren Corp., strike price $27.75, expires 03/25/09, broker UBS Securities LLC

 

 

(32,727

)

 

(14,000

)

Washington Real Estate Investment Trust, strike price $26.68, expires 03/20/09, broker Citigroup Global Markets

 

 

(14,098

)

 

(14,000

)

WesBanco, Inc., strike price $23.52, expires 03/25/09, broker Goldman Sachs & Co.

 

 

(13,563

)

 

(22,000

)

Wilmington Trust Corp., strike price $15.81, expires 03/25/09, broker Deutsche Bank Securities

 

 

(12,773

)









 

 

 

Total Over-the-Counter Call Options Written

 

 

(913,210

)









 

 

 

Total Options Written
(Premiums Received $2,148,333)—(0.8)%

 

 

(1,819,167

)









 

 

 

Total Investments Net of Outstanding Options Written—99.7%

 

 

234,491,492

 

 

 

 

Other Assets in Excess of Liabilities—0.3%

 

 

731,412

 

 

 

 

 

 



 

 

 

 

Net Assets—100.0%

 

$

235,222,904

 

 

 

 

 

 



 


 

 

*

The cost and unrealized appreciation (depreciation) of investments as of January 31, 2009, as computed for federal income tax purposes, were as follows:


 

 

 

 

 

Aggregate cost

 

$

336,961,477

 

 

 



 

Gross unrealized appreciation

 

$

10,842,402

 

Gross unrealized depreciation

 

 

(111,493,220

)

 

 



 

Net unrealized depreciation

 

$

(100,650,818

)

 

 



 


 

 


(a)

Represents current yield as of report date.

 

 

(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 were as follows:


 

 

 

 

 

 

 

 







Affiliate

 

Net Activity

 

Income

 







BlackRock Liquidity Funds, TempFund

 

 

5,428,633

 

$

2,896

 










 

 

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



 

 

 

 

 

 

 

 

3

 

   JANUARY 31, 2009

 




 

 

Schedule of Investments (continued)

BlackRock Strategic Dividend Achievers™ Trust (BDT)

 

(Percentages shown are based on Net Assets)


 

 

 

Effective November 1, 2008, the Trust adopted Financial Accounting Standards Board Statement of Financial Accounting Standards No. 157, “Fair Value Measurements” (“FAS 157”). FAS 157 clarifies the definition of fair value, establishes a framework for measuring fair values and requires additional disclosures about the use of fair value measurements. Various inputs are used in determining the fair value of investments, which are as follows:

 

 

 

 

Level 1 - price quotations in active markets/exchanges for identical securities

 

 

 

 

Level 2 - other observable inputs (including, but not limited to: quoted prices for 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 circumstance, to the extent observable inputs are not available (including the Trust’s own assumption used in determining the fair value of investments)

 

 

 

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 other significant accounting policies, please refer to the Trust’s most recent financial statements as contained in its annual report.

 

 

 

The following table summarizes the inputs used as of January 31, 2009 in determining the fair valuation of the Trust’s investments:


 

 

 

 

 

 

 

 

 

 

 

 







Valuation
Inputs

 

Investments in
Securities

 

Other Financial Instruments**

 







 

 

Assets

 

Liabilities

 

 

 

 


 

 

 


 

 

Level 1

 

$

236,310,659

 

 

$

(905,957

)

 

Level 2

 

 

 

 

 

 

(913,210

)

 

Level 3

 

 

 

 

 

 

 

 

 













Total

 

$

236,310,659

 

 

$

(1,819,167

)

 

 

 

 











 

 

 

 

**

Other financial instruments are options contracts.



 

 

 

 

 

 

 

 

 

 

   JANUARY 31, 2009

4



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 13(a)-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 Strategic Dividend AchieversTM Trust
       
  By:   /s/ Donald C. Burke  
    Donald C. Burke    
    Chief Executive Officer of    
    BlackRock Strategic Dividend AchieversTM Trust  
       
    Date: March 25, 2009
       
  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/ Donald C. Burke  
    Donald C. Burke    
    Chief Executive Officer (principal executive officer) of  
    BlackRock Strategic Dividend AchieversTM Trust  
       
    Date: March 25, 2009
       
  By:   /s/ Neal J. Andrews  
    Neal J. Andrews    
    Chief Financial Officer (principal financial officer) of  
    BlackRock Strategic Dividend AchieversTM Trust  
       
    Date: March 25, 2009


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