NPORT-EX 2 NPORT_8262651113248855.htm EX-MUJ

Schedule of Investments  (unaudited)

April 30, 2020

   

BlackRock MuniHoldings New Jersey Quality Fund, Inc. (MUJ)

(Percentages shown are based on Net Assets)

 

Security   Par
(000)		     Value  

Municipal Bonds — 137.4%

 

New Jersey — 133.9%  
Corporate — 3.0%  

New Jersey EDA, RB:

    

Provident Group-Kean Properties, Series A, 5.00%, 07/01/47

   $ 795     $ 771,532  

State House Project, Series B, Remark 10, 5.00%, 06/15/43

     1,235       1,198,074  

New Jersey EDA, Refunding RB:

    

Duke Farms Foundation Project, 4.00%, 07/01/46

     2,770       3,044,008  

New Jersey American Water Co., Inc. Project, Series B, AMT, 5.60%, 11/01/34

     3,150       3,158,379  

New Jersey Natural Gas Company Project, 3.38%, 04/01/38

     2,230       2,276,852  

New Jersey Natural Gas Company Project, 3.50%, 04/01/42

     1,675       1,709,036  

Provident Group-Montclair Properties LLC (AGM), 5.00%, 06/01/42

     810       931,929  
   

 

 

  
      13,089,810  
County/City/Special District/School District — 15.6%  

Casino Reinvestment Development Authority, Inc., Refunding RB:

    

5.25%, 11/01/39

     11,130       10,710,399  

5.25%, 11/01/44

     3,755       3,490,723  

City of Bayonne New Jersey, GO, Refunding, Qualified General Improvement (BAM), 5.00%, 07/01/39

     3,340       3,795,476  

City of Perth Amboy New Jersey, GO, CAB, Refunding (AGM):

    

5.00%, 07/01/32

     2,210       2,216,299  

5.00%, 07/01/33

     670       671,889  

5.00%, 07/01/35

     595       596,648  

5.00%, 07/01/37

     705       706,925  

County of Essex New Jersey, GO, Vocational School, Series B, 3.00%, 09/01/46

     1,700       1,649,034  

County of Essex New Jersey Improvement Authority, Refunding RB, Project Consolidation (NPFGC):

    

5.50%, 10/01/27

     250       314,985  

5.50%, 10/01/28

     4,840       6,211,317  

County of Hudson New Jersey Improvement Authority, RB, CAB, Series A-1 (NPFGC), 0.00%, 12/15/32(a)

     1,000       707,710  

County of Middlesex New Jersey Improvement Authority, RB, Senior Citizens Housing Project, AMT (AMBAC), 5.50%, 09/01/30

     500       501,185  
Security   Par
(000)		     Value  
County/City/Special District/School District (continued)  

County of Union New Jersey, GO,
Refunding(b):

    

4.00%, 03/01/21

   $  11,425     $  11,738,386  

County of Union New Jersey Utilities Authority, Refunding RB, Resources Recovery Facility, Covanta Union, Inc., AMT, Series A, 5.25%, 12/01/31

     650       678,191  

Ewing Township Board of Education, GO:

    

4.00%, 07/15/38

     1,470       1,598,772  

4.00%, 07/15/39

     1,330       1,443,662  

New Jersey EDA, RB:

    

Motor Vehicle Surcharge, Series A (NPFGC), 5.25%, 07/01/25(c)

     535       646,756  

Motor Vehicle Surcharge, Series A (NPFGC), 5.25%, 07/01/26(c)

     1,415       1,761,194  

School Facilities Construction, Series EEE, 5.00%, 06/15/43

     5,395       5,233,690  

New Jersey Sports & Exposition Authority, Refunding RB (NPFGC)(c):

    

5.50%, 03/01/21

     7,430       7,705,579  

5.50%, 03/01/22

     4,200       4,537,302  

Township of Irvington New Jersey, GO, Refunding, Series A (AGM), 5.00%, 07/15/33

     1,175       1,319,090  
   

 

 

  
      68,235,212  
Education — 25.0%  

County of Gloucester New Jersey Improvement Authority, RB, Rowan University General Capital Improvement Projects:

    

5.00%, 07/01/44

     1,985       2,121,886  

Series A, 5.00%, 07/01/31

     1,950       2,188,583  

Series A, 5.00%, 07/01/32

     1,775       1,979,942  

Series A, 5.00%, 07/01/33

     2,250       2,496,487  

Series A, 5.00%, 07/01/34

     1,200       1,321,404  

New Jersey EDA, LRB, Rutgers — The State University of New Jersey, College Avenue Redevelopment Project, 5.00%, 06/15/33

     3,065       3,402,732  

New Jersey EDA, RB:

    

Foundation Academy Charter School Project, Series A, 5.00%, 07/01/38

     190       200,192  
 

 

 

     1  

Schedule of Investments  (unaudited) (continued)

April 30, 2020

   

BlackRock MuniHoldings New Jersey Quality Fund, Inc. (MUJ)

(Percentages shown are based on Net Assets)

 

Security   Par
(000)		     Value  
Education (continued)  

Foundation Academy Charter School Project, Series A, 5.00%, 07/01/50

   $ 495     $ 511,063  

Friends of Vineland Public Charter School Projects, Series A, 5.25%, 11/01/54(d)

     2,235       1,669,500  

Provident Group — Rowan Properties LLC, Series A, 5.00%, 01/01/35

     2,000       2,064,060  

Provident Group — Rowan Properties LLC, Series A, 5.00%, 01/01/48

     2,000       2,041,300  

School Facilities Construction, 4.00%, 06/15/49

     2,930       2,509,867  

Series WW, 5.25%, 06/15/25(b)

     460       557,626  

Series WW, 5.25%, 06/15/40

     7,915       7,934,787  

New Jersey EDA, Refunding RB, Provident Group-Monteclair Properties LLC (AGM), 5.00%, 06/01/37

     3,990       4,640,131  

New Jersey Educational Facilities Authority, RB:

    

Green Bond, Series A, 5.00%, 07/01/45

     1,345       1,440,145  

Higher Educational Capital Improvement Fund, Series A, 4.00%, 09/01/28

     9,705       9,321,944  

Higher Educational Capital Improvement Fund, Series A, 5.00%, 09/01/33

     5,370       5,383,210  

Rider University Issue, Series F, 4.00%, 07/01/42

     2,365       1,843,305  

Rider University Issue, Series F, 5.00%, 07/01/47

     1,090       955,549  

New Jersey Educational Facilities Authority, Refunding RB:

    

Montclair State University, Series A, 5.00%, 07/01/39

     15,555       16,621,295  

Montclair State University, Series A, 5.00%, 07/01/44

     3,540       3,740,116  

New Jersey Institute of Technology, Series H, 5.00%, 07/01/31

     4,000       4,018,280  

Seton Hall University, Series D, 5.00%, 07/01/38

     500       522,350  

Seton Hall University, Series D, 5.00%, 07/01/43

     600       617,586  

Stevens Institute of Technology, Series A, 4.00%, 07/01/47

     1,145       1,078,979  
Security   Par
(000)		     Value  
Education (continued)  

New Jersey Higher Education Student Assistance Authority, RB, AMT, Student Loan:

    

Senior Series 1A, 4.00%, 12/01/28

   $ 715     $ 730,902  

Senior Series 1A, 4.50%, 12/01/28

     1,645       1,709,188  

Senior Series 1A, 4.00%, 12/01/29

     470       480,072  

Senior Series 1A, 4.00%, 12/01/29

     3,500       3,595,305  

Senior Series 1A, 4.50%, 12/01/29

     2,065       2,140,682  

Senior Series 1A, 4.63%, 12/01/30

     2,020       2,098,517  

Senior Series 1A, 4.00%, 12/01/31

     770       782,828  

Senior Series 1A, 4.25%, 12/01/32

     1,255       1,293,679  

Senior Series 1A, 4.13%, 12/01/35

     470       477,830  

Senior Series 1A, 4.50%, 12/01/36

     1,105       1,147,554  

Sub-Series C, 4.00%, 12/01/48

     1,760       1,840,062  

New Jersey Higher Education Student Assistance Authority, Refunding RB, Series 1, AMT:

    

5.38%, 12/01/24

     570       596,163  

5.50%, 12/01/26

     685       717,161  

New Jersey Institute of Technology, RB, Series A, 5.00%, 07/01/45

     7,500       8,457,450  

Rutgers - The State University of New Jersey, Refunding RB, Series L, 5.00%, 05/01/23(b)

     1,565       1,759,295  
   

 

 

  
      109,009,007  
Health — 13.6%  

County of Camden Improvement Authority, Refunding RB, Cooper Healthcare System, Series A, 5.00%, 02/15/33

     2,000       2,110,600  

New Jersey EDA, Refunding RB, Cranes Mill Project:

    

5.00%, 01/01/34

     675       630,214  

5.00%, 01/01/39

     675       604,301  

New Jersey Health Care Facilities Financing Authority, RB:

    

Inspira Health Obligated Group, 5.00%, 07/01/42

     2,270       2,488,374  

Robert Wood Johnson University Hospital, Series A, 5.50%, 07/01/43

     7,105       7,670,700  

Valley Health System Obligated Group, 4.00%, 07/01/44

     2,175       2,225,982  

New Jersey Health Care Facilities Financing Authority, Refunding RB:

    

AHS Hospital Corp., 5.50%, 07/01/21(b)

     4,055       4,280,661  

AHS Hospital Corp., 6.00%, 07/01/21(b)

     4,180       4,436,694  
 

 

 

2   

Schedule of Investments  (unaudited) (continued)

April 30, 2020

   

BlackRock MuniHoldings New Jersey Quality Fund, Inc. (MUJ)

(Percentages shown are based on Net Assets)

 

Security   Par
(000)		     Value  
Health (continued)  

AHS Hospital Corp., 4.00%, 07/01/41

   $ 1,600     $ 1,659,120  

Catholic Health East Issue, 5.00%, 11/15/20(b)

     1,925       1,964,751  

Meridian Health System Obligated Group, 5.00%, 07/01/25

     1,000       1,064,780  

Meridian Health System Obligated Group, 5.00%, 07/01/26

     3,720       3,958,638  

Princeton Healthcare System, 5.00%, 07/01/34

     1,330       1,489,188  

Princeton Healthcare System, 5.00%, 07/01/39

     1,825       2,012,135  

RWJ Barnabas Health Obligated Group, Series A, 4.00%, 07/01/43

     1,865       1,919,868  

RWJ Barnabas Health Obligated Group, Series A, 5.00%, 07/01/43

     3,080       3,364,869  

St. Barnabas Health Care System, Series A, 5.00%, 07/01/21(b)

     3,640       3,802,599  

St. Barnabas Health Care System, Series A, 5.63%, 07/01/21(b)

     4,450       4,680,688  

St. Barnabas Health Care System, Series A, 5.63%, 07/01/21(b)

     4,860       5,111,942  

Virtua Health, 5.00%, 07/01/28

     3,000       3,311,610  

Virtua Health, 5.00%, 07/01/29

     715       788,795  
   

 

 

  
      59,576,509  
Housing — 6.9%  

County of Atlantic New Jersey Improvement Authority, RB, Stockton University Atlantic City, Series A (AGM), 4.00%, 07/01/46

     1,300       1,392,937  

New Jersey Housing & Mortgage Finance Agency, RB:

    

Capital Fund Program, Series A (AGM), 5.00%, 05/01/27

     2,260       2,265,040  

M/F Housing, Series A, 4.55%, 11/01/43

     4,710       4,792,566  

S/F Housing, Series B, 4.50%, 10/01/30

     8,085       8,308,874  

New Jersey Housing & Mortgage Finance Agency, Refunding RB:

    

M/F Housing, Series 2, AMT, 4.60%, 11/01/38

     3,120       3,205,488  

M/F Housing, Series 2, AMT, 4.75%, 11/01/46

     3,795       3,892,000  
Security   Par
(000)		     Value  
Housing (continued)  

M/F Housing, Series A, 4.00%, 11/01/48

   $ 370     $ 387,187  

M/F Housing, Series A, 4.10%, 11/01/53

     220       230,727  

M/F, Series D, AMT, 4.25%, 11/01/37

     490       513,618  

M/F, Series D, AMT, 4.35%, 11/01/42

     1,000       1,043,800  

S/F Housing, Series A, 3.75%, 10/01/35

     3,810       4,105,313  
   

 

 

  
      30,137,550  
State — 22.0%  

Garden State Preservation Trust, RB, CAB, Series B (AGM)(a):

    

0.00%, 11/01/23

     15,725       14,912,332  

0.00%, 11/01/25

     10,000       9,039,800  

Garden State Preservation Trust, Refunding RB, Series C (AGM):

    

5.25%, 11/01/20

     5,000       5,103,800  

5.25%, 11/01/21

     7,705       8,185,329  

New Jersey EDA, RB:

    

CAB, Motor Vehicle Surcharge, Series A (NPFGC), 0.00%, 07/01/21(a)

     2,325       2,250,391  

Motor Vehicle Surcharge, Series A (NPFGC), 5.25%, 07/01/25

     4,465       4,838,408  

Motor Vehicle Surcharge, Series A (NPFGC), 5.25%, 07/01/24

     1,785       1,883,639  

Motor Vehicle Surcharge, Series A (NPFGC), 5.25%, 07/01/26

     6,085       6,683,034  

School Facilities Construction, Series KK, 5.00%, 09/01/22(b)

     325       356,915  

Series WW, 5.25%, 06/15/33

     380       385,715  

Series WW, 5.00%, 06/15/34

     5,500       5,506,435  

Series WW, 5.00%, 06/15/36

     3,115       3,087,370  

New Jersey EDA, Refunding RB:

    

Cigarette Tax, 5.00%, 06/15/24

     5,000       5,130,750  

Cigarette Tax, 5.00%, 06/15/26

     1,250       1,280,887  

Cigarette Tax, 5.00%, 06/15/28

     2,430       2,484,092  

Cigarette Tax, 5.00%, 06/15/29

     3,195       3,262,095  

School Facilities Construction, Series N-1 (NPFGC), 5.50%, 09/01/27

     1,000       1,134,170  

School Facilities Construction, Series NN, 5.00%, 03/01/29

     5,000       5,048,900  

Sub Series A, 5.00%, 07/01/33

     3,875       4,032,209  
 

 

 

     3  

Schedule of Investments  (unaudited) (continued)

April 30, 2020

   

BlackRock MuniHoldings New Jersey Quality Fund, Inc. (MUJ)

(Percentages shown are based on Net Assets)

 

Security   Par
(000)		     Value  
State (continued)  

Sub Series A, 4.00%, 07/01/34

   $ 7,300     $ 6,899,887  

Sub-Series A, 4.00%, 07/01/32

     5,000       4,809,350  
   

 

 

  
      96,315,508  
Tobacco — 4.5%  

Tobacco Settlement Financing Corp., Refunding RB:

    

Series A, 5.25%, 06/01/46

     1,960       2,088,733  

Sub-Series B, 5.00%, 06/01/46

     17,315       17,407,116  
   

 

 

  
      19,495,849  
Transportation — 36.9%  

Delaware River Port Authority, RB:

    

5.00%, 01/01/29

     2,000       2,251,020  

5.00%, 01/01/37

     8,830       9,702,404  

New Brunswick Parking Authority, Refunding RB, City Guaranteed, Series B (AGM), 3.00%, 09/01/39

     2,500       2,538,375  

New Jersey EDA, RB, Goethals Bridge Replacement Project, AMT, Private Activity Bond:

    

5.38%, 01/01/43

     7,730       7,859,168  

5.13%, 01/01/34

     2,290       2,365,410  

New Jersey State Turnpike Authority, RB:

    

Series A, 5.00%, 01/01/35

     1,440       1,635,451  

Series E, 5.00%, 01/01/45

     8,000       8,686,240  

New Jersey State Turnpike Authority, Refunding RB:

    

Series A (AGM), 5.25%, 01/01/29

     4,000       5,078,080  

Series A (AGM), 5.25%, 01/01/30

     4,000       5,158,720  

Series A (BHAC), 5.25%, 01/01/29

     500       634,760  

Series B, 5.00%, 01/01/34

     2,300       2,671,358  

Series G, 5.00%, 01/01/36

     5,000       5,747,750  

Series G, 4.00%, 01/01/43

     3,320       3,512,261  

New Jersey Transportation Trust Fund Authority, RB:

    

CAB, Transportation System, Series A,
0.00%, 12/15/35(a)

     6,000       3,005,220  

CAB, Transportation System, Series C (AGM), 0.00%, 12/15/32(a)

     8,800       5,762,240  

CAB, Transportation System, Series C (AMBAC), 0.00%, 12/15/35(a)

     4,160       2,083,619  

CAB, Transportation System, Series C (AMBAC), 0.00%, 12/15/36(a)

     7,210       3,457,484  
Security   Par
(000)		     Value  
Transportation (continued)  

Federal Highway Reimbursement Revenue Notes, Series A, 5.00%, 06/15/30

   $ 2,250     $ 2,450,003  

Series BB, 4.00%, 06/15/50

     3,325       2,840,647  

Transportation Program, Series AA, 5.00%, 06/15/33

     3,000       3,004,320  

Transportation Program, Series AA, 5.25%, 06/15/33

     5,690       5,752,647  

Transportation Program, Series AA, 5.25%, 06/15/34

     1,305       1,321,769  

Transportation Program, Series AA, 5.00%, 06/15/38

     2,340       2,294,557  

Transportation System, Series A,
6.00%, 06/15/21(b)

     6,365       6,741,426  

Transportation System, Series A, 5.00%, 06/15/42

     5,000       4,859,100  

Transportation System, Series A (NPFGC), 5.75%, 06/15/24

     1,205       1,303,316  

Transportation System, Series B, 5.25%, 06/15/36

     2,500       2,504,875  

Transportation System, Series D, 5.00%, 06/15/32

     3,300       3,319,503  

New Jersey Transportation Trust Fund Authority, Refunding RB:

    

Federal Highway Reimbursement, Series A, 5.00%, 06/15/31

     6,730       7,282,600  

Transportation System Bond, 4.00%, 12/15/39

     165       145,627  

Transportation System, Series A, 5.00%, 12/15/32

     4,285       4,319,537  

Transportation System, Series A, 5.00%, 12/15/35

     2,435       2,420,439  

New Jersey Turnpike Authority, Refunding RB,
Series B, 5.00%, 01/01/40

     5,740       6,555,539  

Port Authority of New York & New Jersey, ARB:

    

Consolidated Bonds, 218th Series, AMT, 4.00%, 11/01/34

     1,640       1,762,262  

Consolidated Bonds, 218th Series, AMT, 4.00%, 11/01/47

     2,485       2,444,544  

Consolidated, 93rd Series, 6.13%, 06/01/94

     1,000       1,149,570  

Special Project, JFK International Air Terminal LLC Project, Series 6, AMT (NPFGC), 5.75%, 12/01/25

     3,000       3,011,160  
 

 

 

4   

Schedule of Investments  (unaudited) (continued)

April 30, 2020

   

BlackRock MuniHoldings New Jersey Quality Fund, Inc. (MUJ)

(Percentages shown are based on Net Assets)

 

Security   Par
(000)		     Value  
Transportation (continued)  

Special Project, JFK International Air Terminal LLC Project, Series 8, 6.00%, 12/01/42

   $ 4,000     $ 4,024,240  

Port Authority of New York & New Jersey, Refunding ARB, AMT:

    

178th Series, 5.00%, 12/01/33

     4,005       4,361,285  

Consolidated, 206th Series, 5.00%, 11/15/42

     3,110       3,454,899  

Consolidated, 206th Series, 5.00%, 11/15/47

     3,475       3,847,520  

Port Authority of New York & New Jersey, Refunding RB, Consolidated Bonds, 200th Series, 5.00%, 09/01/36

     3,090       3,632,481  

South Jersey Port Corp., Refunding ARB, Marine Terminal, Series B:

    

5.00%, 01/01/42

     3,000       2,984,160  

AMT, 5.00%, 01/01/48

     1,500       1,474,725  
   

 

 

  
      161,412,311  
Utilities — 6.4%  

County of Essex New Jersey Utilities Authority, Refunding RB, (AGC), 4.13%, 04/01/22

     2,000       2,003,680  

New Jersey EDA, Refunding RB, American Water Co., Inc, AMT, Series A, 2.20%, 10/01/39(e)

     850       834,148  

North Hudson New Jersey Sewerage Authority, Refunding RB, Series A (NPFGC), 5.13%, 08/01/20(c)

     6,045       6,107,263  

Rahway Valley Sewerage Authority, RB, CAB, Series A (NPFGC)(a):

    

0.00%, 09/01/26

     4,100       3,642,891  

0.00%, 09/01/28

     6,600       5,645,970  

0.00%, 09/01/29

     9,650       8,047,714  

0.00%, 09/01/33

     2,350       1,716,534  
   

 

 

  
      27,998,200  
   

 

 

  

Total Municipal Bonds in New Jersey

 

     585,269,956  
Puerto Rico — 3.5%  
State — 3.5%  

Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue, RB, Restructured:

    

CAB, Series A-1, 0.00%, 07/01/46(a)

     2,799       643,658  

Series A-1, 5.00%, 07/01/58

     3,203       2,991,666  

Series A-2, 4.33%, 07/01/40

     10,853       9,692,814  

Series A-2, 4.78%, 07/01/58

     878       790,367  
Security   Par
(000)		     Value  
State (continued)  

Series B-1, 4.75%, 07/01/53

   $ 638     $ 575,017  

Series B-2, 4.78%, 07/01/58

     618       550,935  
   

 

 

  

Total Municipal Bonds in Puerto Rico

 

     15,244,457  
 

 

 

  

Total Municipal Bonds — 137.4%
(Cost — $583,677,472)

 

     600,514,413  
 

 

 

  

Municipal Bonds Transferred to Tender Option Bond Trusts(f)

 

New Jersey — 29.9%  
County/City/Special District/School District — 5.9%  

County of Union New Jersey Utilities Authority, Refunding RB, Series A, AMT:

    

County Deficiency Agreement, 5.00%, 06/15/41

     7,573       7,866,248  

Resource Recovery Facility, Covanta Union, Inc., 5.25%, 12/01/31

     17,300       18,050,301  
   

 

 

  
      25,916,549  
Education — 2.6%  

Rutgers - The State University of New Jersey, Refunding RB, Series L, 5.00%, 05/01/23(b)

     10,000       11,242,800  
   

 

 

  
Health — 1.4%  

New Jersey Health Care Facilities Financing Authority, RB, Inspira Health Obligated Group, 4.00%, 07/01/47

     6,133       6,229,925  
   

 

 

  
State — 5.1%  

Garden State Preservation Trust, RB, Election of 2005, Series A (AGM), 5.75%, 11/01/28

     12,460       15,361,809  

New Jersey EDA, Refunding RB, School Facilities Construction, Series NN, 5.00%, 03/01/29(g)

     6,698       6,763,680  
   

 

 

  
      22,125,489  
Transportation — 9.7%  

County of Hudson New Jersey Improvement Authority, RB, Hudson County Vocational-Technical Schools Project, 5.25%, 05/01/51

     3,120       3,552,369  
 

 

 

     5  

Schedule of Investments  (unaudited) (continued)

April 30, 2020

   

BlackRock MuniHoldings New Jersey Quality Fund, Inc. (MUJ)

(Percentages shown are based on Net Assets)

 

Security   Par
(000)		     Value  
Transportation (continued)  

New Jersey State Turnpike Authority, RB,
Series A, 5.00%, 07/01/22(b)(g)

   $ 9,300     $ 10,172,898  

New Jersey Transportation Trust Fund Authority, RB, Transportation System, Series B, 5.25%, 06/15/36

     2,661       2,665,802  

Port Authority of New York & New Jersey, Refunding ARB, Consolidated, AMT:

    

163rd Series, 5.00%, 07/15/39

     15,545       15,586,185  

169th Series, 5.00%, 10/15/41

     10,000       10,378,000  
   

 

 

  
      42,355,254  
Utilities — 5.2%  

New Jersey EDA, Refunding RB, New Jersey Natural Gas Company Project, AMT(g):

    

3.00%, 08/01/41

     9,749       9,245,827  

3.00%, 08/01/43

     14,021       13,297,368  
   

 

 

  
      22,543,195  
   

 

 

  

Total Municipal Bonds Transferred to Tender Option Bond Trusts — 29.9%
(Cost — $126,532,759)

 

     130,413,212  
 

 

 

  

Total Long-Term Investments — 167.3%
(Cost — $710,210,231)

 

     730,927,625  
 

 

 

  
Security  

 

Shares

     Value  

Short-Term Securities — 1.4%

 

BlackRock Liquidity Funds, MuniCash,
Institutional Class,
    0.15%(h)(i)

     6,198,570     $ 6,199,810  
   

 

 

  

Total Short-Term Securities — 1.4%
(Cost — $6,198,294)

 

     6,199,810  
 

 

 

  

Total Investments — 168.7%
(Cost — $716,408,525)

 

     737,127,435  

Other Assets Less Liabilities — 1.9%

 

     8,227,616  

Liability for TOB Trust Certificates, Including Interest
Expense and Fees Payable — (16.4)%

 

     (71,663,172 ) 

VRDP Shares, at Liquidation Value, Net of Deferred Offering
Costs — (54.2)%

 

     (236,661,192 ) 
 

 

 

  

Net Assets Applicable to Common Shares — 100.0%

 

   $ 437,030,687  
 

 

 

  
 

 

(a) 

Zero-coupon bond.

(b) 

U.S. Government securities held in escrow, are used to pay interest on this security as well as to retire the bond in full at the date indicated, typically at a premium to par.

(c) 

Security is collateralized by municipal bonds or U.S. Treasury obligations.

(d) 

Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors.

(e) 

Variable or floating rate security, which interest rate adjusts periodically based on changes in current interest rates and prepayments on the underlying pool of assets. Rate shown is the rate in effect as of period end.

(f) 

Represent bonds transferred to a TOB Trust in exchange of cash and residual certificates received by the Fund. These bonds serve as collateral in a secured borrowing.

(g) 

All or a portion of the security is subject to a recourse agreement. The aggregate maximum potential amount the Fund could ultimately be required to pay under the agreements, which expire between July 1, 2020 to February 1, 2037, is $24,100,690.

(h) 

Annualized 7-day yield as of period end.

 

 

6   

Schedule of Investments  (unaudited) (continued)

April 30, 2020

   

BlackRock MuniHoldings New Jersey Quality Fund, Inc. (MUJ)

 

(i) 

Investments in issuers considered to be an affiliate/affiliates of the Fund during the period ended April 30, 2020 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

 

Affiliated Issuer    Shares
Held at
07/31/19		      Shares
Purchased		      Shares Sold      Shares
Held at
04/30/20		      Value at
04/30/20		      Income     

Net

Realized
Gain (Loss) (a)

      Change in
Unrealized
Appreciation
(Depreciation)		  

BlackRock Liquidity Funds, MuniCash,
Institutional Class

      2,382,612        3,815,958 (b)       —        6,198,570      $ 6,199,810      $ 23,451      $ 58      $ 1,516  
           

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

 

  (a) 

Includes net capital gain distributions, if applicable.

 
  (b) 

Represents net shares purchased (sold).

 

For Fund compliance purposes, the Fund’s sector classifications refer to one or more of the sector sub-classifications used by one or more widely recognized market indexes or rating group indexes, and/or as defined by the investment adviser. These definitions may not apply for purposes of this report, which may combine such sector sub-classifications for reporting ease.

 

Portfolio Abbreviations
AGC    Assured Guarantee Corp.
AGM    Assured Guaranty Municipal Corp.
AMBAC    American Municipal Bond Assurance Corp.
AMT    Alternative Minimum Tax (subject to)
ARB    Airport Revenue Bonds
BAM    Build America Mutual Assurance Co.
BHAC    Berkshire Hathaway Assurance Corp.
CAB    Capital Appreciation Bonds
EDA    Economic Development Authority
GO    General Obligation Bonds
LRB    Lease Revenue Bonds
M/F    Multi-Family
NPFGC    National Public Finance Guarantee Corp.
RB    Revenue Bonds
S/F    Single-Family

 

 

     7  

Schedule of Investments  (unaudited) (continued)

April 30, 2020

   

BlackRock MuniHoldings New Jersey Quality Fund, Inc. (MUJ)

    

 

Fair Value Hierarchy as of Period End

Various inputs are used in determining the fair value of investments. These inputs to valuation techniques are categorized into a fair value hierarchy consisting of three broad levels for financial reporting purposes as follows:

 

  •  

Level 1 — Unadjusted price quotations in active markets/exchanges for identical assets or liabilities that the Fund has the ability to access

 

  •  

Level 2 — Other observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are active, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the assets or liabilities (such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates) or other market-corroborated inputs)

 

  •  

Level 3 — Unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available (including the BlackRock Global Valuation Methodologies Committee’s (the “Global Valuation Committee’s”) assumptions used in determining the fair value of investments

The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the fair value hierarchy classification is determined based on the lowest level input that is significant to the fair value measurement in its entirety. Investments classified within Level 3 have significant unobservable inputs used by the Global Valuation Committee in determining the price for Fair Valued Investments. Level 3 investments include equity or debt issued by privately held companies or funds. There may not be a secondary market, and/or there are a limited number of investors. The categorization of a value determined for investments is based on the pricing transparency of the investments and is not necessarily an indication of the risks associated with investing in those securities. For information about the Fund’s policy regarding valuation of investments, refer to the Fund’s most recent financial statements as contained in its semi-annual report.

The following tables summarize the Fund’s investments categorized in the disclosure hierarchy:

 

      Level 1        Level 2        Level 3        Total  

Assets:

 

Investments:

 

Long-Term Investments(a)

   $ —        $ 730,927,625        $ —        $ 730,927,625  

Short-Term Securities

     6,199,810          —          —          6,199,810  
  

 

 

       

 

 

       

 

 

       

 

 

  
   $ 6,199,810        $ 730,927,625        $             —        $ 737,127,435  
  

 

 

       

 

 

       

 

 

       

 

 

  

 

  (a) 

See above Schedule of Investments for values in each sector/state or political subdivision.

 

The Fund may hold assets and/or liabilities in which the fair value approximates the carrying amount for financial reporting purposes. As of period end, The Fund may hold assets and/or liabilities in which the fair value approximates the carrying amount for financial reporting purposes. As of period end, such assets and/or liabilities are categorized within the disclosure hierarchy as follows:

 

      Level 1        Level 2        Level 3        Total  

Liabilities:

 

TOB Trust Certificates

   $ —        $ (71,299,741 )       $ —        $ (71,299,741 ) 

VRDP Shares at Liquidation Value

     —          (237,100,000 )         —          (237,100,000 ) 
  

 

 

       

 

 

       

 

 

       

 

 

  
   $             —        $ (308,399,741 )       $             —        $ (308,399,741 ) 
  

 

 

       

 

 

       

 

 

       

 

 

  

 

 

8