Company: BSTZ
Filing Date: 2025-03-07
Form Type: N-CSR
Source: 0001193125-25-049659
Chunk: 10

Company: BlackRock Science & Technology Term Trust
Filing Date: 2025-03-07
Form: N-CSR
Chunk 10
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 expected growth values.

Trust Summary 9

Trust Summary as of December 31, 2024 (continued) BlackRock Enhanced Equity Dividend Trust (BDJ)

Performance Returns for the period ended December 31, 2024 were as follows:

|                                        | Average Annual Total Returns |         |          |
|                                        |                       1 Year | 5 Years | 10 Years |
| Trust at NAV(a)(b)                     |                       10.89% |   7.22% |    8.12% |
| Trust at Market Price(a)(b)            |                        16.76 |    5.63 |     8.60 |
| MSCI USA Value Call Overwrite Index(c) |                        13.48 |    6.00 |      N/A |
| Russell 1000®Value Index               |                        14.37 |    8.68 |     8.49 |

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? Stock selection in the industrials sector contributed to relative performance, led by an overweight in SS&C Technologies Holdings, Inc. Selection in consumer discretionary also aided results, with the largest contribution coming from an overweight in General Motors Co. Selection in materials was a further positive, thanks in part to the lack of a position in Dow, Inc. Security selection in the consumer staples sector, particularly an overweight in Dollar General Corp., detracted. Selection in healthcare was an additional detractor, due in part to an overweight in the equipment and services company Baxter International, Inc. Positioning in information technology also detracted, with the largest adverse impact coming from a zero weighting in Oracle Corp. The Trust used an options overlay strategy in which calls were written on a portion of the portfolio’s holdings. The options overlay strategy detracted from relative performance. The Trust’s practice of maintaining a specified level of monthly distributions to shareholders did not have