NPORT-EX 2 NPORT_2765531906615539.htm EX-MUJ

Schedule of Investments  (unaudited)

October 31, 2020

   

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

(Percentages shown are based on Net Assets)

 

Security   Par
(000)		     Value  

Municipal Bonds

 

Guam — 0.3%  
Utilities — 0.3%  

Guam Government Waterworks Authority, RB, Series A, 5.00%, 01/01/50

   $   1,015     $       1,211,372  
New Jersey — 124.6%  
Corporate — 1.6%  

New Jersey Economic Development Authority, RB(a)

   

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

     535       651,437  

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

     1,415       1,778,655  

New Jersey Economic Development Authority, Refunding RB

    

3.38%, 04/01/38

     2,230       2,312,711  

3.50%, 04/01/42

     1,675       1,736,573  

Series A, AMT, 2.20%, 10/01/39(b)

    850       895,696  
   

 

 

  
      7,375,072  
County/City/Special District/School District — 8.1%  

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

     3,340       3,944,807  

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

     1,700       1,752,360  

County of Union New Jersey, Refunding GO, 4.00%, 03/01/21(c)

    11,425       11,564,614  

Essex County Improvement Authority, RB, (GTD), 4.00%, 11/01/49

     575       633,477  

Essex County Improvement Authority, Refunding RB

    

(GTD, NPFGC), 5.50%, 10/01/27

     250       329,515  

(GTD, NPFGC), 5.50%, 10/01/28

     4,840       6,523,933  

Ewing Township Board of Education, GO

    

4.00%, 07/15/38

     1,470       1,666,230  

4.00%, 07/15/39

     1,330       1,503,312  

Hudson County Improvement Authority, RB, 4.00%, 10/01/51

     2,800       3,230,556  

Hudson County Improvement Authority, RB, CAB, Series A-1, (GTD, NPFGC),
0.00%, 12/15/32(d)

    1,000       770,620  

New Jersey Economic Development Authority, RB(c) 5.00%, 06/15/23

     3,065       3,437,551  

Series KK, 5.00%, 09/01/22

     325       352,801  

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

     1,175       1,333,590  

Union County Utilities Authority, Refunding RB, Series A, AMT, (GTD), 5.25%, 12/01/31

     650       681,882  
   

 

 

  
      37,725,248  
Education — 18.6%  

Atlantic County Improvement Authority, RB, Series A, (AGM), 4.00%, 07/01/46

     1,300       1,384,968  

Gloucester County Improvement Authority, RB

    

5.00%, 07/01/44

     1,985       2,206,625  

Series A, 5.00%, 07/01/31

     1,950       2,265,861  

Series A, 5.00%, 07/01/32

     1,775       2,049,486  

Series A, 5.00%, 07/01/33

     2,250       2,583,270  

Series A, 5.00%, 07/01/34

     1,200       1,371,384  

New Jersey Economic Development Authority, RB

    

Series A, 5.00%, 01/01/35

     2,000       1,759,900  

Series A, 5.00%, 07/01/38

     190       207,622  

Series A, 5.00%, 07/01/47

     795       730,931  

Series A, 5.00%, 01/01/48

     2,000       1,770,040  

Series A, 5.00%, 07/01/50

     495       529,690  

Series A, 5.25%, 11/01/54(e)

    2,235       2,150,316  
Security   Par
(000)		     Value  
Education (continued)  

New Jersey Economic Development Authority, RB (continued)

    

Series WW, 5.25%, 06/15/25(c)

  $ 460     $ 561,646  

Series WW, 5.25%, 06/15/40

     7,915             8,633,999  

New Jersey Economic Development Authority, Refunding RB

    

(AGM), 5.00%, 06/01/37

       3,990       4,624,729  

(AGM), 5.00%, 06/01/42

     810       926,332  

New Jersey Educational Facilities Authority, RB

    

Series A, 5.00%, 07/01/45

     1,345       1,546,414  

Series C, (AGM), 3.25%, 07/01/49

     585       594,594  

Series C, (AGM), 4.00%, 07/01/50

     495       539,842  

New Jersey Educational Facilities Authority, Refunding RB

    

Series A, (BAM), 5.00%, 07/01/28

     1,135       1,357,290  

Series A, 5.00%, 07/01/39

     15,555       17,284,716  

Series A, 5.00%, 07/01/44

     3,540       3,891,664  

Series A, 4.00%, 07/01/47

     1,145       1,173,820  

Series D, 5.00%, 07/01/38

     500       538,745  

Series D, 5.00%, 07/01/43

     600       638,652  

New Jersey Higher Education Student Assistance Authority, RB

    

Series 1A, AMT, 4.00%, 12/01/28

     575       595,510  

Series 1A, AMT, 4.50%, 12/01/28

     1,340       1,401,318  

Series 1A, AMT, 4.00%, 12/01/29

     375       387,334  

Series 1A, AMT, 4.50%, 12/01/29

     1,685       1,761,145  

Series 1A, AMT, 4.63%, 12/01/30

     1,650       1,727,781  

Series 1A, AMT, 4.00%, 12/01/31

     620       634,322  

Series 1A, AMT, 4.13%, 12/01/35

     375       381,694  

Series 1A-1, AMT, 4.00%, 12/01/29

     3,155       3,284,197  

Series 1A-1, AMT, 4.25%, 12/01/32

     1,130       1,174,104  

Series 1A-1, AMT, 4.50%, 12/01/36

     995       1,036,113  

Sub-Series C, AMT, 4.00%, 12/01/48

     1,760       1,789,920  

New Jersey Higher Education Student Assistance

    

Authority, Refunding RB
1st Series, AMT, 5.50%, 12/01/26

     685       709,907  

Series 1, AMT, 5.38%, 12/01/24

     570       590,047  

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

     7,500       8,482,350  

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

    1,565       1,747,166  
   

 

 

  
      87,025,444  
Health — 13.1%  

Camden County Improvement Authority, Refunding RB, 5.00%, 02/15/33

     2,000       2,201,800  

Middlesex County Improvement Authority, RB, AMT, (AMBAC), 5.50%, 09/01/30

     500       501,645  

New Jersey Economic Development Authority, Refunding RB

    

5.00%, 01/01/34

     675       731,693  

5.00%, 01/01/39

     675       721,656  

New Jersey Health Care Facilities Financing Authority, RB

    

5.00%, 07/01/42

     2,270       2,659,123  

4.00%, 07/01/44

     2,175       2,430,824  

Series A, 5.50%, 07/01/43

     7,105       7,826,726  

New Jersey Health Care Facilities Financing Authority, Refunding RB

    

5.00%, 11/15/20(c)

    1,925       1,928,003  

5.50%, 07/01/21(c)

    4,055       4,194,898  
 

 

 

    

   1

Schedule of Investments  (unaudited) (continued)

October 31, 2020

   

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

(Percentages shown are based on Net Assets)

 

Security   Par
(000)		     Value  
Health (continued)  

New Jersey Health Care Facilities Financing Authority, Refunding RB (continued)
6.00%, 07/01/21(c)

  $   4,180     $       4,338,088  

5.00%, 07/01/25

     1,000       1,074,240  

5.00%, 07/01/26

     3,720       3,995,094  

5.00%, 07/01/28

     3,000       3,404,910  

5.00%, 07/01/29

     715       810,495  

5.00%, 07/01/34

     1,330       1,580,000  

5.00%, 07/01/39

     1,825       2,136,692  

4.00%, 07/01/41

     1,600       1,759,024  

Series A, 5.00%, 07/01/21(c)

    3,640       3,753,022  

Series A, 5.63%, 07/01/21(c)

    9,310       9,637,429  

Series A, 4.00%, 07/01/43

     1,865       2,009,668  

Series A, 5.00%, 07/01/43

     3,080       3,526,076  
   

 

 

  
      61,221,106  
Housing — 6.1%  

New Jersey Housing & Mortgage Finance Agency, RB, Series A, (AGM), 5.00%, 05/01/27

     2,260       2,263,119  

New Jersey Housing & Mortgage Finance Agency, RB, M/F Housing, Series A, 4.55%, 11/01/43

     4,710       4,800,338  

New Jersey Housing & Mortgage Finance Agency, RB, S/F Housing, Series B, 4.50%, 10/01/21(c)

    4,855       5,041,335  

New Jersey Housing & Mortgage Finance Agency, Refunding RB

    

Series 2, AMT, 4.60%, 11/01/38

     3,120       3,249,698  

Series 2, AMT, 4.75%, 11/01/46

     3,795       3,919,400  

New Jersey Housing & Mortgage Finance Agency, Refunding RB, M/F Housing

    

Series A, 4.00%, 11/01/48

     370       396,274  

Series A, 4.10%, 11/01/53

     220       235,017  

Series D, AMT, 4.25%, 11/01/37

     490       529,009  

Series D, AMT, 4.35%, 11/01/42

     1,000       1,069,990  

New Jersey Housing & Mortgage Finance Agency, Refunding RB, S/F Housing

    

Series A, 3.75%, 10/01/35

     3,755       4,176,123  

Series E, 2.25%, 10/01/40

     1,690       1,631,104  

Series E, 2.40%, 10/01/45

     1,300       1,256,957  
   

 

 

  
      28,568,364  
State — 46.6%  

Casino Reinvestment Development Authority, Inc.,

    

Refunding RB
5.25%, 11/01/39

     11,130       11,386,658  

5.25%, 11/01/44

     3,755       3,817,784  

Garden State Preservation Trust, RB, CAB(d)

   

Series B, (AGM), 0.00%, 11/01/23

     15,725       15,267,245  

Series B, (AGM), 0.00%, 11/01/25

     10,000       9,373,700  

Garden State Preservation Trust, Refunding RB

    

Series C, (AGM), 5.25%, 11/01/20

     5,000       5,000,000  

Series C, (AGM), 5.25%, 11/01/21

     7,705       8,052,958  

New Jersey Economic Development Authority, RB
4.00%, 06/15/49

     2,930       3,013,095  

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

     1,785       2,012,052  

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

     4,465       5,122,471  

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

     6,085       7,073,995  

Series B, 5.00%, 06/15/43

     1,235       1,385,905  

Series EEE, 5.00%, 06/15/43

     5,395       6,054,215  

Series WW, 5.25%, 06/15/33

     380       421,196  

Series WW, 5.00%, 06/15/34

     5,500       6,006,880  

Series WW, 5.00%, 06/15/36

     3,115       3,384,229  
Security   Par
(000)		     Value  
State (continued)  

New Jersey Economic Development Authority, RB, CAB, Series A, (NPFGC),
0.00%, 07/01/21(d)

  $   2,325     $       2,290,241  

New Jersey Economic Development Authority, Refunding RB

    

5.00%, 06/15/24

     5,000       5,236,700  

5.00%, 06/15/26

     1,250       1,306,512  

5.00%, 06/15/28

     2,430       2,532,424  

5.00%, 06/15/29

     3,195       3,324,973  

4.00%, 07/01/46

     2,770       3,099,491  

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

     1,000       1,200,860  

Series NN, 5.00%, 03/01/29

     5,000       5,329,850  

Sub-Series A, 4.00%, 07/01/32

     5,000       5,211,800  

Sub-Series A, 5.00%, 07/01/33

     3,875       4,289,509  

Sub-Series A, 4.00%, 07/01/34

     7,300       7,557,471  

New Jersey Educational Facilities Authority, RB

    

Series A, 4.00%, 09/01/28

     9,705       10,351,353  

Series A, 5.00%, 09/01/33

     5,370       5,819,308  

New Jersey Sports & Exposition Authority, Refunding RB(a)

   

(NPFGC), 5.50%, 03/01/21

     7,430       7,554,750  

(NPFGC), 5.50%, 03/01/22

     4,200       4,483,794  

New Jersey Transportation Trust Fund Authority, RB

    

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

     1,205       1,382,737  

Series A, 5.00%, 06/15/42

     5,000       5,170,850  

Series AA, 5.00%, 06/15/33

     3,000       3,140,220  

Series AA, 5.25%, 06/15/33

     5,690       6,129,723  

Series AA, 5.25%, 06/15/34

     1,305       1,441,385  

Series AA, 5.00%, 06/15/38

     2,340       2,500,852  

Series B, 5.00%, 06/15/33

     1,340       1,538,950  

Series B, 5.25%, 06/15/36

     5,160       5,280,073  

Series BB, 4.00%, 06/15/50

     3,325       3,408,624  

Series D, 5.00%, 06/15/32

     3,300       3,613,698  

New Jersey Transportation Trust Fund Authority, RB, CAB(d)

   

Series A, 0.00%, 12/15/35

     6,000       3,522,540  

Series C, (AGM), 0.00%, 12/15/32

     8,800       6,278,448  

Series C, (AMBAC), 0.00%, 12/15/35

     4,160       2,442,294  

Series C, (AMBAC), 0.00%, 12/15/36

     7,210       4,031,544  

New Jersey Transportation Trust Fund Authority, Refunding RB

    

4.00%, 12/15/39

     165       173,808  

Series A, 5.00%, 12/15/32

     4,285       4,933,663  

Series A, 5.00%, 12/15/35

     1,095       1,249,045  

South Jersey Port Corp., ARB

    

Series B, AMT, 5.00%, 01/01/42

     3,000       3,254,520  

Series B, AMT, 5.00%, 01/01/48

     1,500       1,597,155  
   

 

 

  
      218,051,548  
Tobacco — 5.4%  

Tobacco Settlement Financing Corp., Refunding RB

    

Series A, 5.00%, 06/01/46

     3,000       3,456,510  

Series A, 5.25%, 06/01/46

     1,960       2,292,357  

Sub-Series B, 5.00%, 06/01/46

     17,315       19,551,232  
   

 

 

  
      25,300,099  
Transportation — 18.7%  

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

     2,500       2,554,475  

New Jersey Economic Development Authority, RB

    

AMT, 5.13%, 01/01/34

     2,290       2,546,045  

AMT, 5.38%, 01/01/43

     7,730       8,507,406  
 

 

 

2  

    

Schedule of Investments  (unaudited) (continued)

October 31, 2020

   

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

(Percentages shown are based on Net Assets)

 

Security   Par
(000)		     Value  
Transportation (continued)  

New Jersey Transportation Trust Fund Authority, RB

    

Series A, 6.00%, 06/15/21(c)

  $   6,365     $       6,590,066  

Series A, 5.00%, 06/15/30

     2,250       2,576,543  

New Jersey Transportation Trust Fund Authority, Refunding RB, Series A,
5.00%, 06/15/31

     6,730       7,661,365  

New Jersey Turnpike Authority, RB

    

Series A, 5.00%, 01/01/35

     1,440       1,713,686  

Series E, 5.00%, 01/01/45

     8,000       9,002,720  

New Jersey Turnpike Authority, Refunding RB

    

Series A, (AGM), 5.25%, 01/01/29

     4,000       5,254,640  

Series A, (AGM, BHAC), 5.25%, 01/01/29

     500       656,830  

Series A, (AGM), 5.25%, 01/01/30

     4,000       5,343,640  

Series B, 5.00%, 01/01/34

     2,300       2,798,019  

Series B, 5.00%, 01/01/40

     5,740       6,826,582  

Series G, 5.00%, 01/01/36

     5,000       6,022,450  

Series G, 4.00%, 01/01/43

     3,320       3,676,170  

Port Authority of New York & New Jersey, ARB

    

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

     1,000       1,163,410  

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

     1,640       1,862,564  

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

     2,485       2,726,194  

Consolidated, 221st Series, AMT,
4.00%, 07/15/45

     2,165       2,392,412  

Port Authority of New York & New Jersey, Refunding ARB, Consolidated, 206th Series, AMT, 5.00%, 11/15/47

     3,475       4,018,594  

South Jersey Transportation Authority, RB, Series A, 5.00%, 11/01/45

     2,865       3,375,600  
   

 

 

  
      87,269,411  
Utilities — 6.4%  

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

     2,000       2,004,300  

Passaic Valley Sewerage Commission, Refunding RB

    

Series J, (AGM), 3.00%, 12/01/40

     1,140       1,214,898  

Series J, (AGM), 3.00%, 12/01/41

     1,170       1,242,493  

Series J, (AGM), 3.00%, 12/01/42

     1,190       1,259,686  

Series J, (AGM), 3.00%, 12/01/43

     1,220       1,287,076  

Series J, (AGM), 3.00%, 12/01/44

     1,250       1,314,513  

Series J, (AGM), 3.00%, 12/01/45

     1,275       1,338,164  

Rahway Valley Sewerage Authority, RB, CAB(d)

   

Series A, (NPFGC), 0.00%, 09/01/26

     4,100       3,873,639  

Series A, (NPFGC), 0.00%, 09/01/28

     6,600       5,947,986  

Series A, (NPFGC), 0.00%, 09/01/29

     9,650       8,446,452  

Series A, (NPFGC), 0.00%, 09/01/33

     2,350       1,817,654  
   

 

 

  
      29,746,861  
   

 

 

  

Total Municipal Bonds in New Jersey

 

     582,283,153  
New York — 5.2%  
Transportation — 5.2%  

Port Authority of New York & New Jersey, ARB

    

6.00%, 12/01/42

     4,000       4,011,600  

Series 6, AMT, (NPFGC), 5.75%, 12/01/25

     3,000       3,034,200  

Port Authority of New York & New Jersey, Refunding ARB

    

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

     3,110       3,610,026  

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

     4,005       4,448,113  
Security   Par
(000)		     Value  
Transportation (continued)  

Port Authority of New York & New Jersey, Refunding RB

 

  

Consolidated, 200th Series, 5.00%, 09/01/36

   $   3,090     $       3,815,006  

Consolidated, 212th Series, 4.00%, 09/01/37

     4,825       5,501,803  
   

 

 

  

Total Municipal Bonds in New York

 

     24,420,748  
Pennsylvania — 2.6%  
Transportation — 2.6%  

Delaware River Port Authority, RB

    

5.00%, 01/01/29

     2,000       2,252,660  

5.00%, 01/01/37

     8,830       9,798,474  
   

 

 

  

Total Municipal Bonds in Pennsylvania

 

     12,051,134  
Puerto Rico — 4.4%  
State — 4.4%  

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

    

Series A-1, Restructured, 4.75%, 07/01/53

     583       611,182  

Series A-1, Restructured, 5.00%, 07/01/58

     3,462       3,681,976  

Series A-2, Restructured, 4.33%, 07/01/40

     11,732       12,076,100  

Series A-2, Restructured, 4.78%, 07/01/58

     878       921,803  

Series B-1, Restructured, 4.75%, 07/01/53

     638       669,185  

Series B-2, Restructured, 4.78%, 07/01/58

     618       648,474  

Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue, RB, CAB, Series A-1, Restructured, 0.00%, 07/01/46(d)

    7,564       2,175,104  
   

 

 

  

Total Municipal Bonds in Puerto Rico

 

     20,783,824  
   

 

 

  

Total Municipal Bonds — 137.1%
(Cost: $595,954,568)

 

     640,750,231  
   

 

 

  

Municipal Bonds Transferred to Tender Option Bond Trusts(f)

 

New Jersey — 22.3%  
Corporate(g) — 5.1%            

New Jersey Economic Development Authority, Refunding RB

    

AMT, 3.00%, 08/01/41

     9,749       9,849,635  

AMT, 3.00%, 08/01/43

     14,021       14,165,767  
   

 

 

  
      24,015,402  
County/City/Special District/School District — 6.3%        

Hudson County Improvement Authority, RB, 5.25%, 05/01/51

     3,120       3,651,866  

Union County Utilities Authority, Refunding RB

    

Series A, 5.00%, 06/15/41

     7,573       7,764,996  

Series A, AMT, 5.25%, 12/01/31

     17,300       18,148,565  
   

 

 

  
      29,565,427  
Education — 2.4%  

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

    10,000       11,163,900  
   

 

 

  
Health — 1.4%  

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

     6,133       6,681,845  
   

 

 

  
 

 

 

    

   3

Schedule of Investments  (unaudited) (continued)

October 31, 2020

   

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

(Percentages shown are based on Net Assets)

 

Security   Par
(000)		     Value  
State — 4.9%  

Garden State Preservation Trust, RB, Series A, 5.75%, 11/01/28

   $ 12,460     $     15,600,668  

New Jersey Economic Development Authority, Refunding RB, Series NN, 5.00%, 03/01/29(g)

    6,698       7,140,049  
   

 

 

  
      22,740,717  
Transportation — 2.2%  

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

    9,300       10,023,819  
   

 

 

  

Total Municipal Bonds in New Jersey

 

     104,191,110  
New York — 2.2%  
Transportation — 2.2%  

Port Authority of New York & New Jersey, Refunding ARB, AMT, Consolidated, 169th Series, 5.00%, 10/15/41

     10,000       10,330,500  
   

 

 

  

Total Municipal Bonds Transferred to Tender Option Bond Trusts — 24.5%
(Cost: $108,045,169)

 

     114,521,610  
   

 

 

  

Total Long-Term Investments — 161.6%
(Cost: $703,999,737)

 

     755,271,841  
   

 

 

  
     Shares         

Short-Term Securities

 

Money Market Funds — 0.4%  

BlackRock Liquidity Funds, MuniCash, Institutional Class, 0.01%(h)(i)

    2,120,027       2,120,239  
   

 

 

  

Total Short-Term Securities — 0.4%
(Cost: $2,120,086)

 

     2,120,239  
   

 

 

  

Total Investments — 162.0%
(Cost: $706,119,823)

 

     757,392,080  

Other Assets Less Liabilities — 1.8%

 

     8,230,397  

Liability for TOB Trust Certificates, Including Interest Expense and Fees Payable — (13.2)%

 

     (61,560,941 ) 

VRDP Shares at Liquidation Value, Net of Deferred Offering Costs — (50.6)%

 

     (236,670,790 ) 
   

 

 

  

Net Assets Applicable to Common Shares — 100.0%

 

   $ 467,390,746  
   

 

 

  
(a) 

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

(b) 

Variable rate security. Interest rate resets periodically. The rate shown is the effective interest rate as of period end. Security description also includes the reference rate and spread if published and available.

(c) 

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.

(d) 

Zero-coupon bond.

(e) 

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.

(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 January 1, 2022 to February 1, 2037, is $24,100,690.

(h) 

Affiliate of the Fund.

(i) 

Annualized 7-day yield as of period end.

 

 

 

Affiliates

Investments in issuers considered to be affiliate(s) of the Fund during the period ended October 31, 2020 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

 

Affiliated Issuer    Value at
07/31/20		      Purchases
at Cost		      Proceeds
from Sales		      Net
Realized
Gain (Loss)		      Change in
Unrealized
Appreciation
(Depreciation)		      Value at
10/31/20		      Shares
Held at
10/31/20		      Income      Capital Gain
Distributions
from
Underlying
Funds		  

BlackRock Liquidity Funds, MuniCash, Institutional Class

    $ 871,428$         1,249,421 (a)     $ —      $ (398 )     $ (212 )     $ 2,120,239        2,120,027      $ 217      $ —  
           

 

 

     

 

 

     

 

 

        

 

 

     

 

 

  

 

  (a) 

Represents net amount 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.

 

 

4  

    

Schedule of Investments  (unaudited) (continued)

October 31, 2020

   

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

 

Derivative Financial Instruments Outstanding as of Period End

Futures Contracts

 

Description    Number of
Contracts		        Expiration
Date		        Notional
Amount (000)		        Value/
Unrealized
Appreciation
(Depreciation)		  

Short Contracts

                  

10-Year U.S. Treasury Note

      162          12/21/20        $ 22,391        $ 123,806  

U.S. Long Treasury Bond

      47          12/21/20          8,106          99,999  
                 

 

 

  
                  $ 223,805  
                 

 

 

  

Fair Value Hierarchy as of Period End

Various inputs are used in determining the fair value of financial instruments. 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 financial instruments)

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 financial instruments is based on the pricing transparency of the financial instruments 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 financial instruments, refer to its most recent financial statements.

The following tables summarize the Fund’s investments and derivative financial instruments categorized in the disclosure hierarchy. The breakdown of the Fund’s investments into major categories is disclosed in the Schedule of Investments above.

 

      Level 1        Level 2        Level 3        Total  

Assets

                  

Investments

                  

Long-Term Investments

                  

Municipal Bonds

    $ —        $ 640,750,231        $             —        $ 640,750,231  

Municipal Bonds Transferred to Tender Option Bond Trusts

      —          114,521,610          —          114,521,610  

Short-Term Securities

                  

Money Market Funds

      2,120,239          —          —          2,120,239  
  

 

 

       

 

 

       

 

 

       

 

 

  
   $   2,120,239        $   755,271,841        $ —        $  757,392,080  
  

 

 

       

 

 

       

 

 

       

 

 

  

Derivative Financial Instruments(a)

                 

Assets

                  

Interest Rate Contracts

    $ 223,805        $ —        $ —        $ 223,805  
  

 

 

       

 

 

       

 

 

       

 

 

  

 

  (a) 

Derivative financial instruments are futures contracts. Futures contracts are valued at the unrealized appreciation (depreciation) on the instrument.

 

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

    $ —          $    (61,534,134)        $             —        $ (61,534,134 ) 

VRDP Shares at Liquidation Value

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

 

 

       

 

 

       

 

 

       

 

 

  
   $ —          $  (298,634,134)        $ —        $ (298,634,134 ) 
  

 

 

       

 

 

       

 

 

       

 

 

  

 

 

    

   5

Schedule of Investments  (unaudited) (continued)

October 31, 2020

   

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

 

Portfolio Abbreviation
AGC    Assured Guaranty Corp.
AGM    Assured Guaranty Municipal Corp.
AMBAC    AMBAC Assurance Corp.
AMT    Alternative Minimum Tax
ARB    Airport Revenue Bonds
BAM    Build America Mutual Assurance Co.
BHAC    Berkshire Hathaway Assurance Corp.
CAB    Capital Appreciation Bonds
GO    General Obligation Bonds
GTD    GTD Guaranteed
M/F    Multi-Family
NPFGC    National Public Finance Guarantee Corp.
RB    Revenue Bond
S/F    Single-Family

 

 

6