Company: BDJ
Filing Date: 2025-03-07
Form Type: N-CSR
Source: 0001193125-25-049575
Chunk: 20

Company: BlackRock Enhanced Equity Dividend Trust
Filing Date: 2025-03-07
Form: N-CSR
Chunk 20
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 real estate, a lack of exposure to Prologis Inc. in the industrial REITs industry was most additive. The largest detractor from performance over the reporting period was security selection in the healthcare sector, followed by selection in consumer staples and an underweight allocation in information technology. Within healthcare, an overweight position in Icon PLC within the life sciences tools and services industry weighed most heavily on relative results. In consumer staples, an overweight position in Dollar Tree Inc. within the distribution and retail industry proved detrimental. With respect to information technology, underweight exposure to Nvidia Corp. in the semiconductors and semiconductor equipment industry was the biggest constraint on return. The Trust utilized an options overlay strategy in which calls are written on a portion of the portfolio ’ s holdings. The Trust ’ s options overlay strategy detracted from relative performance. The Trust ’ s practice of maintaining a specified level of monthly distributions did not have a material impact on its investment strategy. Describe recent portfolio activity. Due to a combination of market changes and portfolio activity, the Trust ’ s exposure to the information technology and industrials sectors increased while exposure to healthcare and consumer staples decreased. The Trust did not add any new private companies during the period. Describe portfolio positioning at period end. As of December 31, 2024, the Trust had an options overwriting program in place whereby 56.3% of the underlying equities were overwritten with call options. These call options were typically written at levels above prevailing market prices (estimated to be 4.7% out of the money) with an average time until expiration of approximately 50.6 days. In the public portion of the portfolio, the largest sector overweights were in communication services and financials while the largest underweights were in consumer staples and utilities. 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.

Trust Summary 19

Trust Summary as of December 31, 2024 (continued) BlackRock Enhanced Large Cap Core Fund, Inc. (CII) Overview of the Trust’s Total Investments

| TEN LARGEST HOLDINGS  |                                |
| Security              | Percent of TotalInvestments(a) |
| Microsoft Corp.       |                           8.5% |
| Amazon.com, Inc.      |                            7.5 |
| Meta Platforms, Inc.  |