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. (BCT)
Fund Address: 100 Bellevue Parkway, Wilmington, DE 19809
Name and address of agent for service: Donald C. Burke, Chief Executive Officer, BlackRock Broad Investment Grade 2009 Term Trust, Inc., 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: 05/01/2008 – 07/31/2008
Item 1 – Schedule of Investments
| BlackRock Broad Investment Grade 2009 Term Trust Inc. | |||||||
| Schedule of Investments July 31, 2008 (Unaudited) | (Percentages shown are based on Net Assets) | ||||||
| Par | |||||||
| Asset-Backed Securities | (000) | Value | |||||
| Global Rated Eligible Asset Trust Series 1998-A Class 1, 7.45%, | |||||||
| 9/15/07 (a)(b)(c) | $ | 234 | $ | 23 | |||
| Structured Mortgage Asset Residential Trust Series 2, 8.24%, | |||||||
| 11/07/07 (a)(b)(c) | 567 | 57 | |||||
| Total Asset-Backed Securities - 0.0% | 80 | ||||||
| U.S. Government Agency Mortgage-Backed Securities | |||||||
| Fannie Mae Guaranteed Pass-Through Certificates: | |||||||
| 5.50%, 1/01/17 - 2/01/17 | 265 | 267,751 | |||||
| 6.50%, 7/01/29 | 14 | 14,549 | |||||
| Total U.S. Government Agency Mortgage-Backed Securities - 0.7% | 282,300 | ||||||
| U.S. Government Agency Mortgage-Backed Securities - Collateralized | |||||||
| Mortgage Obligations | |||||||
| Fannie Mae Trust: | |||||||
| Series G-21 Class L, 0.95%, 7/25/21 (d) | 232 | 4,868 | |||||
| Series 1992-174 Class S, 0.098%, 9/25/22 (d)(e) | 2,365 | 9,191 | |||||
| Series 1993-49 Class H, 7%, 4/25/13 | 515 | 535,616 | |||||
| Series 1993-49 Class L, 0.445%, 4/25/13 (d) | 1,663 | 11,642 | |||||
| Series 1993-192 Class SC, 7.719%, 10/25/08 (e) | 17 | 16,988 | |||||
| Series 1993-214 Class SH, 11.924%, 12/25/08 (e) | 9 | 9,362 | |||||
| Series 1993-214 Class SK, 10%, 12/25/08 (e) | 13 | 12,970 | |||||
| Series 1994-13 Class SJ, 8.75%, 2/25/09 (e) | - | (f) | 18 | ||||
| Series 1996-20 Class SL, 15.034%, 9/25/08 (d)(e) | 1 | 7 | |||||
| Series 2003-70 Class ID, 5%, 4/25/22 (d) | 276 | 18 | |||||
| Series 2004-13 Class IG, 5%, 10/25/22 (d) | 521 | 9,582 | |||||
| Freddie Mac Multiclass Certificates: | |||||||
| Series 65 Class I, 0.50%, 8/15/20 (d) | 671 | 13,862 | |||||
| Series 141 Class H, 1.06%, 5/15/21 (d) | 138 | 2,861 | |||||
| Series 1510 Class G, 7.05%, 5/15/13 | 1,288 | 1,342,875 | |||||
| Series 1598 Class J, 6.50%, 10/15/08 (g) | 141 | 140,540 | |||||
| Series 1618 Class SA, 8.25%, 11/15/08 (e) | 31 | 31,245 | |||||
| Series 1661 Class SB, 13.591%, 1/15/09 (e) | 2 | 1,985 | |||||
| Series 2412 Class SE, 11.314%, 2/15/09 (e) | 74 | 75,239 | |||||
| Series 2517 Class SE, 10.106%, 10/15/09 (e) | 220 | 226,565 | |||||
| Series 2523 Class EH, 5.50%, 4/15/20 (d) | 865 | 32,755 | |||||
| Series 2564 Class NC, 5%, 2/15/33 | 81 | 73,725 | |||||
| Series 2739 Class PI, 5%, 3/15/22 (d) | 1,662 | 23,255 | |||||
| Series 2976 Class KI, 5.50%, 11/15/34 (d) | 1,058 | 157,059 | |||||
| Series 3189 Class KI, 6%, 1/15/35 (d) | 1,400 | 246,494 | |||||
| Series 3207 Class QI, 6%, 2/15/35 (d) | 2,247 | 332,368 | |||||
| Total U.S. Government Agency Mortgage-Backed Securities - Collateralized | |||||||
| Mortgage Obligations - 8.4% | 3,311,090 | ||||||
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| BlackRock Broad Investment Grade 2009 Term Trust Inc. | ||||||||
| Schedule of Investments July 31, 2008 (Unaudited) | (Percentages shown are based on Net Assets) | |||||||
| Par | ||||||||
| Municipal Bonds | (000) | Value | ||||||
| Fresno, California, Taxable Pension Obligation Revenue Bonds, | ||||||||
| 7.80%, 6/01/14 (h) | $ | 440 | $ | 489,940 | ||||
| Kern County, California, Taxable Pension Obligation Revenue Bonds, | ||||||||
| 6.98%, 8/15/09 (i) | 500 | 513,905 | ||||||
| Total Municipal Bonds - 2.5% | 1,003,845 | |||||||
| Non-Government Agency Mortgage-Backed Securities | ||||||||
| Citicorp Mortgage Securities, Inc. Series 1993-14 Class A-4, 18%, | ||||||||
| 11/25/23 (e) | 110 | 121,292 | ||||||
| JPMorgan Alternative Loan Trust Series 2006-S1 Class 3A1A, 5.35%, | ||||||||
| 3/25/36 (e) | 1,705 | 1,709,529 | ||||||
| JPMorgan Mortgage Trust Series 2006-A7 Class 2A2, 5.803%, 1/25/37 (e) | 1,454 | 1,379,230 | ||||||
| Nomura Asset Acceptance Corp. Series 2004-AR4 Class 2A3, 2.796%, | ||||||||
| 12/25/34 (e) | 81 | 64,512 | ||||||
| Residential Accredit Loans, Inc. Series 2002-QS16 Class A3, 11.476%, | ||||||||
| 10/25/17 (e) | 524 | 541,472 | ||||||
| Salomon Brothers Mortgage Securities VI, Inc. Series 1987-3 Class A, 12.50%, | ||||||||
| 10/23/17 (j) | 9 | 8,673 | ||||||
| Structured Adjustable Rate Mortgage Loan Trust Series 2004-11 Class A, | ||||||||
| 5.578%, 8/25/34 (e) | 407 | 406,545 | ||||||
| Vendee Mortgage Trust Series 2002-1 Class 1IO, 0.043%, 10/15/31 (d)(e) | 10,688 | 23,400 | ||||||
| WaMu Mortgage Pass-Through Certificates Series 2005-AR4 Class A3, 4.585%, | ||||||||
| 4/25/35 (e) | 1,000 | 976,598 | ||||||
| Wells Fargo Mortgage Backed Securities Trust Series 2004-N Class A6, 4%, | ||||||||
| 8/25/34 (e) | 500 | 485,958 | ||||||
| Total Non-Government Agency Mortgage-Backed Securities - 14.5% | 5,717,209 | |||||||
| Total Long-Term Investments (Cost - $10,082,628) - 26.1% | 10,314,524 | |||||||
| Short-Term Securities | ||||||||
| U.S. Government Agency Obligations | ||||||||
| Federal Home Loan Bank, 1.82%, 8/01/08 | 29,400 | 29,400,000 | ||||||
| Total Short-Term Securities (Cost - $29,400,000) - 74.4% | 29,400,000 | |||||||
| Total Investments (Cost - $39,482,628*) - 100.5% | 39,714,524 | |||||||
| Liabilities in Excess of Other Assets - (0.5)% | (178,083 | ) | ||||||
| Net Assets - 100.0% | $ | 39,536,441 | ||||||
* The cost and unrealized appreciation (depreciation) of investments as of July 31, 2008 as computed for federal income tax purposes, were as follows:
| Aggregate cost | $ | 39,482,628 | ||
| Gross unrealized appreciation | $ | 718,000 | ||
| Gross unrealized depreciation | (486,104 | ) | ||
| Net unrealized appreciation | $ | 231,896 |
| (a) | Issuer filed for bankruptcy or is in default of interest payments. |
| (b) | Non-income producing security. |
| (c) | Security exempt from registration under Rule 144a of the Securities Act of 1933. These securities may be resold in transactions exempt from registration to qualified institutional investors. Unless otherwise indicated, these securities are considered to be liquid. |
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| BlackRock Broad Investment Grade 2009 Term Trust Inc. | |
| Schedule of Investments July 31, 2008 (Unaudited) | |
| (d) | Represents the interest-only portion of a mortgage-backed security and has either a nominal or notional amount of principal. |
| (e) | Variable rate security. Rate shown is as of report date. Maturity shown is the final maturity date. |
| (f) | Amount is less $1,000. |
| (g) | All or a portion of security has been pledged as collateral in connection with open financial futures contracts. |
| (h) | Security is collateralized by Municipal or U.S. Treasury Obligations. |
| (i) | MBIA Insured. |
| (j) | Represents the principal only portion of a mortgage-backed security. |
| • | Financial futures contracts sold as of July 31, 2008 were as follows: | |||||||||||
| Expiration | Face | Unrealized | ||||||||||
| Contracts | Issue | Date | Value | Depreciation | ||||||||
| 75 | 2-Year U.S. Treasury Bond | September 2008 | $15,847,103 | $(52,897) | ||||||||
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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 Broad Investment Grade 2009 Term Trust, Inc. | |||
| By: | /s/ Donald C. Burke |
||
| Donald C. Burke | |||
| Chief Executive Officer of | |||
| BlackRock Broad Investment Grade 2009 Term Trust, Inc. | |||
| Date: September 19, 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 Broad Investment Grade 2009 Term Trust, Inc. | |||
| Date: September 19, 2008 | |||
| By: | /s/ Neal J. Andrews |
||
| Neal J. Andrews | |||
| Chief Financial Officer (principal financial officer) of | |||
| BlackRock Broad Investment Grade 2009 Term Trust, Inc. | |||
| Date: September 19, 2008 | |||