Company: BDJ
Filing Date: 2025-09-04
Form Type: N-CSRS
Source: 0001193125-25-196068
Chunk: 32

Company: BlackRock Enhanced Equity Dividend Trust
Filing Date: 2025-09-04
Form: N-CSRS
Chunk 32
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 mid and small cap representations of securities exhibiting overall growth style characteristics in the U.S.                                                                                                                                                                                                                                                                                                                                              |
| (h) | An index that measures the performance of the small to mid-cap growth segment of the U.S. equity universe. It includes those Russell 2500 companies with higher growth earningpotential as defined by FTSE Russell’s leading style methodology.                                                                                                                                                                                                                                                                                                                                                                                                                        |

Trust Summary 27

Trust Summary as of June 30, 2025 (continued) BlackRock Technology and Private Equity Term Trust (BTX) 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 sector level, an underweight to the services sub-sector and security selection in the new industries sub-sector contributed to performance. Selection in software and an out-of-benchmark allocation to the internet sub-sector were the largest detractors. An out-of-benchmark position in NVIDIA, Inc. was the leading contributor at the individual holding level. The stock rallied to an all-time high on the strength of record demand for AI chips. An out-of-benchmark holding in SK Hynix Co. Ltd. was a further contributor of note. The semiconductor stock traded up due to a favorable industry outlook and surging demand for high-bandwidth memory chips powered by AI infrastructure buildouts. An overweight in Spotify Technology SA contributed, as well. Shares of the media services provider continued to rise due to rapid subscriber growth, strong revenue gains, sustained cost control, and bullish investor sentiment on its long-term profitability. An out-of-benchmark position in the private gaming and technology company Underdog Sports was the largest detractor from relative performance. Its valuation declined due to significant legal uncertainty in California, where the Attorney General may declare certain daily fantasy sports activities illegal. The Trust was also hurt by having an underweight position in the cloud services provider Cloudflare, Inc. The stock rose behind robust financial performance that included accelerated revenue and customer growth, major enterprise contract wins,