UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number 811-21493

Name of Fund:    BlackRock Strategic Dividend Achievers Trust (BDT)

Fund Address:    100 Bellevue Parkway, Wilmington, DE 19809

Name and address of agent for service: Donald C. Burke, Chief Executive Officer, BlackRock Strategic Dividend Achievers Trust, 800 Scudders Mill Road, Plainsboro, NJ, 08536. Mailing address: P.O. Box 9011, Princeton, NJ, 08543-9011

Registrant’s telephone number, including area code: (800) 882-0052, Option 4

Date of fiscal year end: 10/31/2008

Date of reporting period: 11/01/2007 – 01/31/2008

Item 1 – Schedule of Investments

 

 

 

SCHEDULE OF INVESTMENTS as of January 31, 2008

 

BlackRock Strategic Dividend Achievers™ Trust (BDT)

(unaudited)

 

(Percentages shown are based on Net Assets)


 

 

 

 

 

 

 

Shares

 

Description

 

 

Value

 

 

 

LONG-TERM INVESTMENTS—98.8%

 

 

 

 

 

 

Common Stocks—98.8%

 

 

 

 

 

 

Automotive—3.7%

 

 

 

 

182,400

 

Genuine Parts Co.

 

$

8,012,832

 

75,300

 

Harsco Corp.

 

 

4,286,076

 

95,000

 

Superior Industries Intl., Inc.

 

 

1,730,900

 

 

 

 

 

 

 

 

Total Automotive

 

 

14,029,808

 

 

 

Basic Materials—1.9%

 

 

 

 

172,000

 

RPM Intl., Inc.

 

 

3,722,080

 

108,600

 

Sonoco Products Co.

 

 

3,351,396

 

 

 

 

 

 

 

 

Total Basic Materials

 

 

7,073,476

 

 

 

Building & Development—2.5%

 

 

 

 

111,500

 

ABM Industries, Inc.

 

 

2,310,280

 

312,600

 

Masco Corp.

 

 

7,167,918

 

 

 

 

 

 

 

 

Total Building & Development

 

 

9,478,198

 

 

 

Consumer Products—14.5%

 

 

 

 

152,000

 

Avery Dennison Corp.

 

 

7,876,640

 

134,000

 

Clorox Co.

 

 

8,216,880

 

162,600

 

La-Z-Boy, Inc.

 

 

1,239,012

 

51,600

 

Lancaster Colony Corp.

 

 

1,798,776

 

123,450

 

Meridian Bioscience, Inc.

 

 

3,877,565

 

76,800

 

Polaris Industries, Inc.

 

 

3,336,192

 

129,000

 

Sherwin-Williams Co. (The)

 

 

7,380,090

 

69,800

 

Stanley Works (The)

 

 

3,584,928

 

195,500

 

SUPERVALU, INC.

 

 

5,876,730

 

65,900

 

Universal Corp.

 

 

3,282,479

 

103,300

 

VF Corp.

 

 

7,992,321

 

 

 

 

 

 

 

 

Total Consumer Products

 

 

54,461,613

 

 

 

Energy—20.2%

 

 

 

 

50,400

 

American States Water Co.

 

 

1,737,792

 

216,500

 

Aqua America, Inc.

 

 

4,314,845

 

174,200

 

Atmos Energy Corp.

 

 

5,003,024

 

59,600

 

Black Hills Corp.

 

 

2,308,904

 

66,000

 

California Water Service Group

 

 

2,298,780

 

195,400

 

Consolidated Edison, Inc.

 

 

8,515,532

 

97,900

 

Integrys Energy Group, Inc.

 

 

4,759,898

 

146,000

 

MDU Resources Group, Inc.

 

 

3,784,320

 

85,200

 

MGE Energy, Inc.

 

 

2,791,152

 

100,600

 

National Fuel Gas Co.

 

 

4,336,866

 

47,000

 

New Jersey Resources Corp.

 

 

2,203,830

 

99,500

 

Otter Tail Corp.

 

 

3,240,715

 

166,500

 

Peidmont Natural Gas Co.

 

 

4,174,155

 

106,700

 

Pinnacle West Capital Corp.

 

 

4,099,414

 

181,400

 

Progress Energy, Inc.

 

 

8,193,838

 

151,200

 

UGI Corp.

 

 

4,024,944

 

182,200

 

Vectren Corp.

 

 

5,001,390

 

149,000

 

WGL Holdings, Inc.

 

 

4,803,760

 

 

 

 

 

 

 

 

Total Energy

 

 

75,593,159

 

 

 

Financial Institutions—31.9%

 

 

 

 

73,900

 

Alfa Corp.

 

 

1,617,671

 

115,500

 

Arthur J. Gallagher & Co.

 

 

2,934,855

 

140,800

 

Associated Banc-Corp

 

 

3,967,744

 

138,300

 

Astoria Financial Corp.

 

 

3,758,994

 

180,473

 

BancorpSouth, Inc.

 

 

4,425,198

 

64,500

 

Bank of Hawaii Corp.

 

 

3,248,865

 

55,679

 

Chemical Financial Corp.

 

 

1,541,195

 

190,842

 

Cincinnati Financial Corp.

 

 

7,355,051

 

151,100

 

Comerica, Inc.

 

 

6,590,982

 

101,200

 

Commerce Group, Inc.

 

 

3,658,380

 

105,000

 

Community Bank System, Inc.

 

 

2,291,100

 

41,940

 

Erie Indemnity Co., Class A

 

 

2,123,422

 

84,400

 

First Charter Corp.

 

 

2,313,404

 

186,000

 

First Commonwealth Financial Corp.

 

 

2,157,600

 

61,000

 

First Financial Holdings, Inc.

 

 

1,484,740

 

174,400

 

FirstMerit Corp.

 

 

3,901,328

 

140,000

 

FNB Corp.

 

 

2,179,800

 

244,125

 

Fulton Financial Corp.

 

 

3,078,416

 

67,800

 

Harleysville Group, Inc.

 

 

2,417,070

 

43,348

 

Harleysville National Corp.

 

 

656,722

 

77,400

 

M&T Bank Corp.

 

 

7,102,998

 


 

 

 

 

 

 

 

Shares

 

Description

 

 

Value

 

 

 

Financial Institutions— (cont’d)

 

 

 

 

196,398

 

Marshall & Ilsley Corp.

 

$

5,479,504

 

73,600

 

Mercury General Corp.

 

 

3,539,424

 

204,045

 

Old National Bancorp

 

 

3,427,956

 

211,000

 

Old Republic Intl. Corp.

 

 

3,150,230

 

38,805

 

Park National Corp.

 

 

2,793,960

 

243,200

 

People’s United Financial, Inc.

 

 

4,107,648

 

59,800

 

S&T Bancorp, Inc.

 

 

1,860,378

 

96,600

 

Sterling Bancorp

 

 

1,382,346

 

78,900

 

Susquehanna Bancshares, Inc.

 

 

1,674,258

 

285,400

 

Synovus Financial Corp.

 

 

3,770,134

 

150,000

 

TCF Financial Corp.

 

 

3,187,500

 

98,400

 

United Bankshares, Inc.

 

 

3,164,544

 

183,886

 

Valley National Bancorp

 

 

3,723,692

 

161,810

 

Washington Federal, Inc.

 

 

3,951,400

 

68,400

 

WesBanco, Inc.

 

 

1,878,264

 

112,200

 

Wilmington Trust Corp.

 

 

3,912,414

 

 

 

 

 

 

 

 

Total Financial Institutions

 

 

119,809,187

 

 

 

Health Care—0.9%

 

 

 

 

64,000

 

Hillenbrand Industries, Inc.

 

 

3,310,080

 

 

 

Industrials—7.0%

 

 

 

 

146,500

 

Bemis Co., Inc.

 

 

3,981,870

 

193,300

 

Leggett & Platt, Inc.

 

 

3,676,566

 

162,000

 

LSI Industries, Inc.

 

 

1,989,360

 

74,600

 

McGrath RentCorp

 

 

1,737,434

 

97,600

 

Vulcan Materials Co.

 

 

7,657,696

 

92,000

 

W.W. Grainger, Inc.

 

 

7,320,440

 

 

 

 

 

 

 

 

Total Industrials

 

 

26,363,366

 

 

 

Media—2.4%

 

 

 

 

165,100

 

Gannet Co., Inc.

 

 

6,108,700

 

169,800

 

New York Times Co. (The)

 

 

2,842,452

 

 

 

 

 

 

 

 

Total Media

 

 

8,951,152

 

 

 

Real Estate Investment Trust—9.2%

 

 

 

 

94,000

 

CBL & Associates Properties, Inc.

 

 

2,498,520

 

67,000

 

Colonial Properties Trust

 

 

1,650,880

 

91,000

 

Duke Realty Corp.

 

 

2,151,240

 

44,400

 

EastGroup Properties, Inc.

 

 

1,837,716

 

97,300

 

HCP, Inc.

 

 

2,958,893

 

63,600

 

Healthcare Realty Trust, Inc.

 

 

1,642,788

 

132,000

 

Lexington Realty Trust

 

 

1,973,400

 

71,500

 

Liberty Property Trust

 

 

2,295,865

 

148,200

 

National Retail Properties, Inc.

 

 

3,367,104

 

122,700

 

Realty Income Corp.

 

 

2,991,426

 

120,800

 

UDR, Inc.

 

 

2,757,864

 

89,200

 

Universal Health Realty Income Trust

 

 

3,215,660

 

70,500

 

Washington Real Estate Investment Trust

 

 

2,217,930

 

81,150

 

Weingarten Realty Investors

 

 

2,728,263

 

 

 

 

 

 

 

 

Total Real Estate Investment Trust

 

 

34,287,549

 

 

 

Technology—4.6%

 

 

 

 

222,800

 

Linear Technology Corp.

 

 

6,164,876

 

32,466

 1

Metavante Technologies, Inc.

 

 

719,122

 

197,700

 

Pitney Bowes, Inc.

 

 

7,255,590

 

138,111

 

Total System Services, Inc.

 

 

3,190,364

 

 

 

 

 

 

 

 

Total Technology

 

 

17,329,952

 

 

 

Total Common Stocks

 

 

 

 

 

 

(cost $365,839,432)

 

 

370,687,540

 

 

 

MONEY MARKET FUND—1.2%

 

 

 

 

4,320,357

 2

Fidelity Institutional Money Market Prime

 

 

 

 

 

 

Portfolio, 3.96% (cost $4,320,357)

 

 

4,320,357

 

Total investments — 100% (cost $370,159,789 3 )

 

$

375,007,897

 

Other assets in excess of liabilities—0.0%

 

 

95,527

 

 

 

 

Net Assets—100.0%

 

$

375,103,424

 

 

 

 


 

 

1

Non-income producing security.

 

 

2

Represents current yield as of January 31, 2008.

 

 

3

Cost for federal income tax purposes is $368,850,924. The net unrealized appreciation on a tax basis is $6,156,973, consisting of $40,252,254 gross unrealized appreciation and $34,095,281 gross unrealized depreciation.

 

 

 

For Trust compliance purposes, the Trust’s sector and industry classifications refer to any one or more of the Standard Industry Codes as defined by the Securities and Exchange Commission. This definition may not apply for purposes of this report, which may combine sector and industry sub-classifications for reporting ease.



1

Item 2 – Controls and Procedures

2(a) –    The registrant’s principal executive and principal financial officers or persons performing similar functions have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the “1940 Act”)) are effective as of a date within 90 days of the filing of this report based on the evaluation of these controls and procedures required by Rule 30a-3(b) under the 1940 Act and Rule 13a-15(b) under the Securities Exchange Act of 1934, as amended.

2(b) –    There were no changes in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act) that occurred during the registrant’s last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrant’s internal control over financial reporting.

Item 3 – Exhibits

Certifications – Attached hereto

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

BlackRock Strategic Dividend Achievers Trust

By:    
/s/ Donald C. Burke
  Donald C. Burke
  Chief Executive Officer of
  BlackRock Strategic Dividend Achievers Trust

Date: March 24, 2008

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

By:    
/s/ Donald C. Burke
  Donald C. Burke
  Chief Executive Officer (principal executive officer) of
 
BlackRock Strategic Dividend Achievers Trust
   
Date: March 24, 2008
   
By:
/s/ Neal J. Andrews
  Neal J. Andrews
  Chief Financial Officer (principal financial officer) of
 
BlackRock Strategic Dividend Achievers Trust
   
Date: March 24, 2008


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