Company: BDJ
Filing Date: 2025-03-07
Form Type: N-CSR
Source: 0001193125-25-049575
Chunk: 29

Company: BlackRock Enhanced Equity Dividend Trust
Filing Date: 2025-03-07
Form: N-CSR
Chunk 29
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ese Corp. Positioning in utilities was a further positive, thanks in part to a zero weighting in the independent power and renewable energy producer Sunnova Energy International, Inc. Security selection in the information technology sector, particularly a zero weighting in the software provider AppLovin Corp., detracted. Selection in consumer discretionary was an additional detractor, due in part to an overweight in the private automobile components company Relativity Space, Inc. Positioning in healthcare also detracted, with the largest adverse impact coming from an overweight in Align Technology, Inc. The Trust used an options overlay strategy in which calls were written on a portion of the portfolio’s holdings. The Trust’s options overlay strategy contributed to performance. The Trust’s practice of maintaining a specified level of monthly distributions to shareholders did not have a material impact on the Trust’s investment strategy. The distribution policy resulted in return of capital for the period. Refer to the financial highlights and income tax information sections in this report for further information about the distributions. Describe recent portfolio activity. Due to a combination of market movements and portfolio activity, the Trust’s allocations to industrials and communication services increased, while its weightings in healthcare and information technology decreased. The Trust did not add any new private companies during the period. Describe portfolio positioning at period end. The portfolio’s largest sector overweights were in the information technology and financials sectors. Its largest underweights were in industrials and healthcare. As of December 31, 2024, the Trust had in place an option overwriting program whereby 12.0% of the underlying equities were overwritten with call options on individual stocks. These call options were typically written at prices above the prevailing market prices (estimated to be 6.7% out of the money) and for maturities averaging approximately 58 days. The views expressed reflect the opinions of BlackRock as of the date of this report and are subject to change based on changes in market, economic or other conditions.
These views are not intended to be a forecast of future events and are no guarantee of future results.

28 2024 BlackRock Annual Report to Shareholders

Trust Summary as of December 31, 2024 (continued) BlackRock Innovation and Growth Term Trust (BIGZ) Overview of the Trust’s Total Investments

| TEN LARGEST HOLDINGS                    |                                |
| Security                                | Percent of TotalInvestments(a) |
| Axon Enterprise, Inc.                   |                           3.9% |
| Vertiv Holdings Co.                     |                            3.