Company: BDJ
Filing Date: 2025-09-04
Form Type: N-CSRS
Source: 0001193125-25-196068
Chunk: 21

Company: BlackRock Enhanced Equity Dividend Trust
Filing Date: 2025-09-04
Form: N-CSRS
Chunk 21
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14 |                        -3.94 |    3.99 |     6.26 |
| MSCI USA Investable Market Index Health Care Call Overwrite Index(c) |   -0.74 |                        -4.74 |    5.86 |      N/A |
| Russell 3000®Health Care Index(d)                                    |   -2.56 |                        -6.13 |    6.25 |     7.36 |

| (a) 
 (b) 
 (c) | All returns reflect reinvestment of dividends and/or distributions at actual reinvestment prices.                                                                                                                               
 TheTrust’s discount to NAV narrowed during the period, which accounts for the difference between performance based on market price and performance based on NAV.                                                                
 An index that incorporates an option overlay component on the MSCI USA IMI Health Care Index with a 33% overwrite level. The benchmark commenced on December 31, 2018 andtherefore the benchmark does not have 10-year returns. |
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| (d) | An unmanaged index that features companies involved in medical services or health care in the Russell 3000®Index, which includes the largest 3,000 U.S. companies as determinedby total market capitalization.                  |

Performance results may include adjustments made for financial reporting purposes in accordance with U.S. generally accepted accounting principles.
Past performance is not an indication of future results. The Trust is presenting the performance of one or more indices for informational purposes only. The Trust is actively managed and does not seek to track or replicate the performance of any index. The index performance shown is not intended to be indicative of the Trust’s investment strategies, portfolio components or past or future performance. More information about the Trust’s historical performance can be found in the “Closed End Funds” section of blackrock.com . The following discussion relates to the Trust’s relative performance based on NAV: What factors influenced performance? At the industry level, security selection in the biotechnology and managed healthcare sub-sectors contributed to performance. On the other hand, selection in healthcare equipment detracted. An underweight position in UnitedHealth Group, Inc. was the top contributor to performance at the individual holding level. The stock dropped as investors reacted to ongoing uncertainty about Medicare Advantage margin pressures and rising care utilization. An overweight in Boston Scientific Corp. was also a notable contributor. The medical device company’s stock rose on optimism driven by analyst upgrades, strong recent earnings, and higher full-year