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 811-07250
Name of Fund: BlackRock Broad Investment Grade 2009 Term Trust, Inc.
Fund Address: 100 Bellevue Parkway, Wilmington, DE 19809
Name and address of agent for service:
Robert S. Kapito, President, BlackRock Broad Investment Grade
2009
Term Trust, Inc., 40 East 52nd Street,
New York, NY 10022.
Registrant’s telephone number, including area code: (888) 825-2257
Date of fiscal year end: 10/31/2007
Date of reporting period: 05/01/2007 – 07/31/2007
Item 1 – Schedule of Investments
PORTFOLIO OF INVESTMENTS (unaudited)
JULY 31, 2007
BlackRock Broad Investment Grade 2009 Term Trust Inc. (BCT)
(Percentages shown are based on Net Assets)
| Principal | ||||||
| Amount | ||||||
| (000) |
Description
|
Value
|
||||
| LONG-TERM INVESTMENTS—29.0% | ||||||
| Mortgage Pass-Through Securities—0.9% | ||||||
| Federal National Mortgage Assoc., | ||||||
$ |
331 | 5.50%, 1/01/17-2/01/17 | $ |
328,172 | ||
| 14 | 6.50%, 7/01/29 | 14,722 | ||||
| Total Mortgage Pass-Through Securities | 342,894 | |||||
| Agency Multiple Class Mortgage Pass-Through Securities—10.5% | ||||||
| Federal Home Loan Mortgage Corp., | ||||||
| 1,839 | Ser. 1510, Class G, 7.05%, 5/15/13 | 1,839,641 | ||||
| 1,527 | Ser. 1598, Class J, 6.50%, 10/15/08 | 1,523,437 | ||||
| 81 | Ser. 2564, Class NC, 5.00%, 2/15/33 | 78,017 | ||||
| 746 | Federal National Mortgage Assoc., Ser. 49, Class H, 7.00%, 4/25/13 | 763,106 | ||||
| 11 | 1 | Government National Mortgage Assoc., REMIC Trust 2000, Ser. 16, Class FD, 5.97%, 12/16/27 | 11,242 | |||
| Total Agency Multiple Class Mortgage Pass-Through Securities | 4,215,443 | |||||
| Inverse Floating Rate Mortgage Securities—3.0% | ||||||
| 140 | 1 | Citicorp Mortgage Securities, Inc., Ser. 14, Class A-4, 4.19%, 11/25/23 | 139,749 | |||
| Federal Home Loan Mortgage Corp., | ||||||
| 22 | 1 | Ser. 1425, Class SB, 8.299%, 12/15/07 | 22,323 | |||
| 8 | 1 | Ser. 1506, Class S, 9.988%, 5/15/08 | 7,511 | |||
| 42 | 1 | Ser. 1515, Class S, 9.087%, 5/15/08 | 41,422 | |||
| 26 | 1 | Ser. 1600, Class SC, 8.60%, 10/15/08 | 25,786 | |||
| 181 | 1 | Ser. 1618, Class SA, 8.25%, 11/15/08 | 180,068 | |||
| 10 | 1 | Ser. 1661, Class SB, 9.155%, 1/15/09 | 9,933 | |||
| 35 | 1 | Ser. 1688, Class S, 8.777%, 12/15/13 | 35,349 | |||
| 112 | 1 | Ser. 2412, Class SE, 5.016%, 2/15/09 | 111,539 | |||
| 289 | 1 | Ser. 2517, Class SE, 2.95%, 10/15/09 | 277,586 | |||
| Federal National Mortgage Assoc., | ||||||
| 11 | 1 | Ser. 13, Class SJ, 8.75%, 2/25/09 | 10,896 | |||
| 3 | 1 | Ser. 174, Class S, 99.123%, 9/25/22 | 10,070 | |||
| 40 | 1 | Ser. 179, Class SB, 7.437%, 10/25/07 | 40,236 | |||
| 7 | 1 | Ser. 187, Class SB, 12.118%, 10/25/07 | 7,400 | |||
| 160 | 1 | Ser. 192, Class SC, 6.90%, 10/25/08 | 159,633 | |||
| 48 | 1 | Ser. 214, Class SH, 4.359%, 12/25/08 | 47,611 | |||
| 67 | 1 | Ser. 214, Class SK, 10.00%, 12/25/08 | 68,397 | |||
| Total Inverse Floating Rate Mortgage Securities | 1,195,509 | |||||
| Interest Only Mortgage-Backed Securities—1.7% | ||||||
| Federal Home Loan Mortgage Corp., | ||||||
| 1 | Ser. 65, Class I, 9.18%, 8/15/20 | 1,107 | ||||
| — | Ser. 141, Class H, 10.60%, 5/15/21 | 226 | ||||
| 1,610 | Ser. 2523, Class EH, 5.50%, 4/15/20 | 102,999 | ||||
| 261 | Ser. 2633, Class PI, 4.50%, 3/15/12 | 2,529 | ||||
| 4,177 | Ser. 2739, Class PI, 5.00%, 3/15/22 | 138,167 | ||||
| 272 | Ser. 2775, Class UB, 5.00%, 12/15/17 | 899 | ||||
| 1,674 | Ser. 2976, Class KI, 5.50%, 11/15/34 | 203,485 | ||||
| Federal National Mortgage Assoc., | ||||||
| — | Ser. 8, Class HA, 1,199.999%, 1/25/08 | 555 | ||||
| 1,029 | Ser. 13, Class IG, 5.00%, 10/25/22 | 32,408 | ||||
| 50 | 1 | Ser. 20, Class SL, 10.455%, 9/25/08 | 2,220 | |||
| 2 | Ser. 49, Class L, 444.917%, 4/25/13 | 19,790 | ||||
| 5,674 | Ser. 70, Class ID, 5.00%, 4/25/22 | 116,964 | ||||
| — | Ser. G-21, Class L, 949.50%, 7/25/21 | 7,235 | ||||
| 12,391 | 1 | Vendee Mortgage Trust, Ser. 1, 0.043%, 10/15/31 | 27,504 | |||
| Total Interest Only Mortgage-Backed Securities | 656,088 | |||||
| Principal Only Mortgage-Backed Security—0.0% | ||||||
| 16 | 2 | Salomon Brothers Mortgage Securities, Inc. VI, Ser. 3, Class A, 12.50%, 10/23/17 | 14,618 | |||
| Asset-Backed Securities—0.0% | ||||||
| 234 |
1,3,4,5 | Global Rated Eligible Asset Trust, Ser. A, Class 1, 7.33%, 9/15/07 | 23 | |||
|
568
|
1,3,5 | Structured Mortgage Asset Residential Trust, Ser. 2, 8.24%, 12/15/07 | 57 | |||
| Total Asset-Backed Securities | 80 | |||||
| Corporate Bond—2.6% | ||||||
| 1,000 | Morgan Stanley Group, Inc., 10.00%, 6/15/08 | 1,036,633 | ||||
| U.S. Government and Agency Security—5.1% | ||||||
| 2,000 | U.S. Treasury Notes, 6.00%, 8/15/09 | 2,054,688 | ||||
| Taxable Municipal Bonds—5.2% | ||||||
| 500 | Fresno California Pension Oblig., 7.80%, 6/01/14 | 542,460 | ||||
| 500 | Kern County California Pension Oblig., 6.98%, 8/15/09 | 519,590 | ||||
| 500 | Los Angeles County California Pension Oblig., Ser. D, 6.97%, 6/30/08 | 508,700 | ||||
| 500 | Orleans Parish Louisiana School Board, Ser. A, 6.60%, 2/01/08 | 503,785 | ||||
| Total Taxable Municipal Bonds | 2,074,535 | |||||
| Total Long-Term Investments | ||||||
| (cost $11,829,759) | 11,590,488 | |||||
| SHORT-TERM INVESTMENT—70.3% | ||||||
| U.S. Government and Agency Discount Notes—70.3% | ||||||
| 28,100 | 6 | Federal Home Loan Bank Disc. Notes, 5.091%, 8/01/07 (cost $28,100,000) | 28,100,000 | |||
| Total Investments—99.3% (cost $39,929,7597) | $ |
39,690,488 | ||||
| Other assets in excess of liabilities—0.7% | 296,263 | |||||
| Net
Assets—100% |
$ |
39,986,751 | ||||
|
|
| 1 |
Variable rate security. Rate shown is interest rate as of July 31, 2007. |
| 2 |
Rate shown is effective yield of the underlying collateral as of July 31, 2007. |
| 3 |
Illiquid security. As of July 31, 2007, the Trust held less than 0.1% of its net assets, with a current market value of $80, in these securities. |
| 4 |
Security is not registered under the Securities Act of 1933. These securities may be resold in transactions in accordance with Rule 144A under that Act, to qualified institutional buyers. As of July 31, 2007, the Trust held less than 0.1% of its net assets, with a current market value of $23, in securities restricted as to resale. |
| 5 |
Security is fair valued. |
| 6 |
Rate shown is the yield to maturity as of the date of purchase. |
| 7 |
Cost for federal income tax purposes is $39,929,759. The net unrealized depreciation on a tax basis is $239,271, consisting of $315,848 gross unrealized appreciation and $555,119 gross unrealized depreciation. |
| KEY TO ABBREVIATIONS
|
|
REMIC — Real Estate Mortgage
Investment Conduit
|
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 and 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 (17 CFR 270.30a -3(d)) 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 Broad Investment Grade 2009 Term Trust, Inc.
| By: | /s/
Donald C. Burke |
|
| Donald C. Burke, | ||
| Treasurer of | ||
| BlackRock Broad Investment Grade 2009 Term Trust, Inc. | ||
| Date: | September 20, 2007 | |
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/
Robert S. Kapito |
|
| Robert S. Kapito | ||
| President (principal executive officer) of | ||
| BlackRock Broad Investment Grade 2009 Term Trust, Inc. | ||
| Date: | September 20, 2007 | |
| By: | /s/
Donald C. Burke |
|
| Donald C. Burke, | ||
| Treasurer (principal financial officer) of | ||
| BlackRock Broad Investment Grade 2009 Term Trust, Inc. | ||
| Date: | September 20, 2007 | |