NPORT-EX 2 NPORT_D1Z1_24466368_1121.htm BlackRock Municipal Income Trust II

Schedule of Investments  (unaudited) 

November 30, 2021

   

BlackRock Municipal Income Trust II (BLE)

(Percentages shown are based on Net Assets)

 

Security   Par
(000)		     Value  

Municipal Bonds

    
Alabama — 2.4%            

County of Jefferson Alabama Sewer Revenue, Refunding RB

    

Series A, Senior Lien, (AGM), 5.00%, 10/01/44

   $ 540     $ 587,241  

Series A, Senior Lien, (AGM), 5.25%, 10/01/48

           1,320       1,438,848  

Series D, Sub Lien, 7.00%, 10/01/51

     4,335       4,978,271  

Health Care Authority of the City of Huntsville, RB

    

Series B1, 4.00%, 06/01/45

     855       984,701  

Series B1, (AGM), 3.00%, 06/01/50

     2,375       2,503,554  

Lower Alabama Gas District, RB, Series A, 5.00%, 09/01/46

     1,170       1,730,432  

Selma Industrial Development Board, RB, Series A, 5.38%, 12/01/35

     770       772,828  

Southeast Energy Authority A Cooperative District, RB, Series B, 4.00%, 12/01/51(a)

    3,795       4,602,310  
   

 

 

  
           17,598,185  
Arizona — 2.6%            

Arizona Industrial Development Authority, RB(b)

    

4.38%, 07/01/39

     225       246,008  

Series A, 5.00%, 07/01/39

     190       200,568  

Series A, 5.00%, 07/01/49

     210       220,056  

Series A, 5.00%, 07/01/54

     165       172,657  

Arizona Industrial Development Authority, Refunding RB, Series A, 5.38%, 07/01/50(b)

    1,185       1,344,665  

Glendale Industrial Development Authority, RB
5.00%, 05/15/41

     100       115,392  

5.00%, 05/15/56

     400       454,293  

Industrial Development Authority of the City of Phoenix, RB
5.00%, 07/01/59

     465       551,452  

Series A, 5.00%, 07/01/46(b)

    1,825       2,003,098  

Industrial Development Authority of the City of Phoenix, Refunding RB, Series A, 5.00%, 07/01/35(b)

    275       305,290  

Industrial Development Authority of the County of Pima, RB(b)
5.00%, 06/15/47

     325       329,189  

5.00%, 07/01/49

     350       369,243  

Maricopa County Industrial Development Authority, Refunding RB
5.00%, 07/01/39(b)

    100       117,385  

5.00%, 07/01/54(b)

    210       240,492  

Series A, 4.13%, 09/01/38

     820       948,788  

Maricopa County Pollution Control Corp., Refunding RB, Series B, 3.60%, 04/01/40

     1,250       1,379,405  

Salt Verde Financial Corp., RB
5.00%, 12/01/32

     5,635       7,359,186  

5.00%, 12/01/37

     2,000       2,797,820  
   

 

 

  
      19,154,987  
Arkansas — 0.5%            

Arkansas Development Finance Authority, RB, Series A, AMT, 4.50%, 09/01/49(b)

    3,305       3,649,497  
   

 

 

  
California — 9.8%            

California Community Choice Financing Authority RB, Series A, 4.00%, 10/01/52(a)

    4,325       4,999,397  

California County Tobacco Securitization Agency, Refunding RB, Series A, 5.00%, 06/01/36

     350       350,446  
Security   Par
(000)		     Value  
California (continued)            

California Educational Facilities Authority, RB, Series V-1, 5.00%, 05/01/49.

   $       2,315     $       3,662,161  

California Health Facilities Financing Authority Refunding RB, 4.00%, 08/15/48(c)

    1,680       1,992,430  

California Health Facilities Financing Authority, Refunding RB
5.00%, 08/01/50

     1,000       1,255,079  

Series A, 5.00%, 07/01/33

     1,765       1,890,592  

Series A, 4.00%, 03/01/39

     890       989,180  

Series A, 4.00%, 04/01/45

     1,220       1,408,048  

California Housing Finance Agency, RB, M/F Housing
Class A, 3.25%, 08/20/36

     2,635       2,985,804  

Class A, (FHLMC COLL), 3.75%, 03/25/35

     4,990       5,896,460  

California Municipal Finance Authority, ARB, AMT, Senior Lien, 4.00%, 12/31/47

     780       861,909  

California Municipal Finance Authority, RB, S/F Housing

    

Series A, 5.25%, 08/15/39

     205       219,311  

Series A, 5.25%, 08/15/49

     510       543,285  

California Pollution Control Financing Authority, RB, Series A, AMT, 5.00%, 11/21/45(b)

    2,130       2,214,584  

California School Finance Authority, Refunding RB, Series A, 5.00%, 07/01/51(b)

    1,700       1,895,962  

California State Public Works Board, RB

    

Series F, 5.25%, 09/01/33

     2,015       2,182,578  

Series I, 5.50%, 11/01/31

     3,100       3,400,551  

Series I, 5.50%, 11/01/33

     1,500       1,644,156  

Series I, 5.00%, 11/01/38

     1,065       1,154,732  

California Statewide Communities Development Authority, Refunding RB(b)

   

Series A, 5.00%, 06/01/36

     990       1,126,952  

Series A, 5.00%, 06/01/46

     1,220       1,367,183  

City of Los Angeles Department of Airports, Refunding ARB

    

Series A, AMT, 5.00%, 05/15/31

     375       494,838  

Series A, AMT, 5.00%, 05/15/32

     450       591,089  

Series A, AMT, 5.00%, 05/15/33

     445       584,037  

Series A, AMT, 5.00%, 05/15/38

     315       406,570  

Series A, AMT, 5.00%, 05/15/39

     340       438,239  

Golden State Tobacco Securitization Corp., Refunding RB

    

Series A-1, 5.00%, 06/01/47

     620       630,825  

Series A-1, 5.25%, 06/01/47

     590       601,035  

Series A-2, 5.00%, 06/01/47

     4,725       4,808,420  

Kern Community College District, GO, Series C, 5.50%, 11/01/23(d)

    2,155       2,366,084  

Regents of the University of California Medical Center Pooled Revenue, Refunding RB

    

Series J, 5.25%, 05/15/23(d)

    3,905       4,183,962  

Series J, 5.25%, 05/15/38

     1,110       1,185,378  

Riverside County Public Financing Authority, RB, 5.25%, 11/01/25(d)

    2,000       2,367,496  

Riverside County Transportation Commission Refunding RB, 4.00%, 06/01/40

     1,685       1,996,376  

Riverside County Transportation Commission, Refunding RB
4.00%, 06/01/47

     715       821,299  

3.00%, 06/01/49

     490       516,997  
 

 

 

1

Schedule of Investments  (unaudited) (continued)

November 30, 2021

   

BlackRock Municipal Income Trust II (BLE)

(Percentages shown are based on Net Assets)

 

Security   Par
(000)		     Value  
California (continued)            

San Francisco City & County Airport Comm-San Francisco International Airport, Refunding ARB

    

Series A, AMT, 5.50%, 05/01/28

   $ 720     $ 770,813  

Series A, AMT, 5.25%, 05/01/33

     560       596,790  

San Marcos Unified School District, GO, CAB(e)

   

Series B, Election 2010, 0.00%, 08/01/33

           3,000       2,433,714  

Series B, Election 2010, 0.00%, 08/01/43

     2,500       1,553,863  

State of California, Refunding GO, 3.00%, 12/01/46

     550       598,977  

Stockton Public Financing Authority, RB, Series A, 6.25%, 10/01/23(d)

    490       543,546  

Washington Township Health Care District, GO, Series B, Election 2004, 5.50%, 08/01/40

     830       933,259  
   

 

 

  
      71,464,407  
Colorado — 1.9%            

Arapahoe County School District No.6 Littleton, GO, Series A, (SAW), 5.50%, 12/01/43

     1,915       2,473,826  

Centerra Metropolitan District No.1, TA, 5.00%, 12/01/47(b)

    250       261,644  

City & County of Denver Colorado Airport System Revenue, ARB

    

Series B, 5.25%, 11/15/32.

     1,750       1,906,250  

Series A, AMT, 5.50%, 11/15/28

     500       547,283  

Series A, AMT, 5.50%, 11/15/30

     225       246,068  

Series A, AMT, 5.50%, 11/15/31

     270       295,122  

City & County of Denver Colorado, RB, CAB, Series A-2, 0.00%, 08/01/38(e)

    1,835       1,051,248  

Colorado Educational & Cultural Facilities Authority, RB, 5.00%, 03/01/50(b)

    320       353,243  

Colorado Educational & Cultural Facilities Authority, Refunding RB, Class A, 5.00%, 10/01/59(b)

    425       473,765  

Colorado Health Facilities Authority, Refunding RB, Series A, 4.00%, 08/01/44

     1,945       2,233,097  

Denver Convention Center Hotel Authority, Refunding RB, 5.00%, 12/01/40

     1,325       1,517,008  

Denver International Business Center Metropolitan District No.1, GO, Series A, 4.00%, 12/01/48

     495       508,674  

Haskins Station Metropolitan District, GO, Series A, 5.00%, 12/01/39

     650       699,018  

State of Colorado, COP, Series O, 4.00%, 03/15/44

     1,405       1,632,180  
   

 

 

  
            14,198,426  
Connecticut — 0.7%            

State of Connecticut Special Tax Revenue, RB

    

Series A, 4.00%, 05/01/36.

     365       437,205  

Series A, 4.00%, 05/01/39

     230       273,766  

State of Connecticut, GO, Series A, 4.00%, 01/15/38

     3,435       4,075,002  
   

 

 

  
      4,785,973  
Delaware — 0.2%            

Delaware Transportation Authority, RB, 5.00%, 06/01/55

     1,260       1,418,904  
   

 

 

  
District of Columbia — 3.1%            

District of Columbia Housing Finance Agency RB, M/F Housing, Series B-1, (FHA 542(C)), 2.55%, 03/01/42

     1,120       1,127,554  

District of Columbia Tobacco Settlement Financing Corp., Refunding RB, 6.75%, 05/15/40

     11,500       11,851,935  

District of Columbia, Refunding RB
5.00%, 04/01/35

     465       554,541  

5.00%, 10/01/48

     2,525       3,054,730  

Series A, 6.00%, 07/01/23(d)

    820       894,238  
Security   Par
(000)		     Value  
District of Columbia (continued)            

District of Columbia, TA, 5.13%, 06/01/41

   $ 690     $ 692,459  

Metropolitan Washington Airports Authority Dulles Toll Road Revenue, Refunding RB

    

Series A, 5.00%, 10/01/53.

           2,195       2,223,425  

Series B, Subordinate, 4.00%, 10/01/49

     1,995       2,260,028  
   

 

 

  
            22,658,910  
Florida — 5.4%            

Capital Projects Finance Authority, Refunding RB

    

Series A-1, 5.00%, 10/01/32.

     215       268,815  

Series A-1, 5.00%, 10/01/33

     240       299,277  

Series A-1, 5.00%, 10/01/34

     240       298,568  

Series A-1, 5.00%, 10/01/35

     80       99,241  

Capital Trust Agency, Inc., RB

    

Series A, 5.00%, 06/01/45(b)

    190       202,462  

Series A, 5.00%, 12/15/49

     140       157,715  

Series A, 5.00%, 12/15/54

     125       140,558  

Celebration Pointe Community Development District, SAB(b)
5.00%, 05/01/32

     215       238,011  

5.00%, 05/01/48

     530       576,394  

Collier County Health Facilities Authority, Refunding RB, Series A, 5.00%, 05/01/45

     1,450       1,624,853  

County of Broward Florida Airport System Revenue, ARB

    

Series A, AMT, 5.00%, 10/01/45

     575       651,562  

Series A, AMT, 4.00%, 10/01/49

     330       373,613  

County of Miami-Dade Florida Aviation Revenue, Refunding RB

    

Series A, 4.00%, 10/01/37.

     355       421,996  

Series A, 4.00%, 10/01/38

     355       420,919  

Series A, 4.00%, 10/01/39

     265       313,807  

Series A, AMT, 5.00%, 10/01/22(d)

    2,165       2,249,706  

County of Miami-Dade Florida Water & Sewer System Revenue, Refunding RB, Series B, 5.25%, 10/01/23(d)

    500       545,371  

County of Miami-Dade Seaport Department, ARB(d)

   

Series A, 5.50%, 10/01/23

     2,125       2,327,521  

Series A, 6.00%, 10/01/23

     7,515       8,299,761  

Series B, AMT, 6.00%, 10/01/23

     1,775       1,958,216  

Series B, AMT, 6.25%, 10/01/23

     310       343,302  

County of Miami-Dade Seaport Department, Refunding RB, Series D, AMT, 6.00%, 10/01/23(d)

    735       810,610  

County of Osceola Florida Transportation Revenue, Refunding RB, CAB(e)

   

Series A-2, 0.00%, 10/01/46.

     1,665       745,472  

Series A-2, 0.00%, 10/01/47

     1,610       694,197  

Series A-2, 0.00%, 10/01/48

     1,135       471,237  

Series A-2, 0.00%, 10/01/49

     935       374,719  

Florida Development Finance Corp., RB(b)

   

Series A, 5.00%, 06/15/40

     240       276,726  

Series A, 5.00%, 06/15/50

     795       909,554  

Series A, 5.00%, 06/15/55

     475       543,496  

AMT, 5.00%, 05/01/29

     180       191,442  

Series A, AMT, 5.00%, 08/01/29(a)

    100       102,418  

Florida Development Finance Corp., Refunding RB, Series C, 5.00%, 09/15/50(b)

    105       115,482  

Hillsborough County Aviation Authority, Refunding RB, Sub-Series A, AMT, 5.50%, 10/01/29

     1,170       1,276,291  

Jacksonville Port Authority, Refunding ARB, AMT, 5.00%, 11/01/22(d)

    1,665       1,736,172  
 

 

 

S C H E D U L E    O F    I N V E S T M E N T  S   2

Schedule of Investments  (unaudited) (continued)

November 30, 2021

   

BlackRock Municipal Income Trust II (BLE)

(Percentages shown are based on Net Assets)

 

Security   Par
(000)		     Value  
Florida (continued)            

Lakewood Ranch Stewardship District, SAB
5.25%, 05/01/37

   $ 180     $ 200,573  

5.38%, 05/01/47

     185       204,769  

Lee County Housing Finance Authority, RB, S/F Housing, Series A-2, AMT, (GNMA/FNMA/FHLMC), 6.00%, 09/01/40

     40       40,142  

Orange County Health Facilities Authority, Refunding RB, 5.00%, 08/01/41

           1,000       1,090,900  

Osceola Chain Lakes Community Development District, SAB
4.00%, 05/01/40

     270       289,599  

4.00%, 05/01/50

     260       275,385  

Reedy Creek Improvement District, GO, Series A, 5.25%, 06/01/23(d)

    1,585       1,703,493  

Sarasota County Florida Utility System Revenue, RB

    

Series A, 5.00%, 10/01/45.

     475       610,249  

Series A, 5.00%, 10/01/50

     715       915,977  

Stevens Plantation Community Development District, SAB, Series A,
7.10%, 05/01/35(f)(g)

    1,670       1,057,991  

Village Community Development District No.10, SAB, 5.13%, 05/01/43

     665       682,331  

Volusia County Educational Facility Authority, Refunding RB, 5.00%, 10/15/49

     1,930       2,369,909  
   

 

 

  
            39,500,802  
Georgia — 4.0%            

Gainesville & Hall County Hospital Authority, Refunding RB, Series A, (GTD), 5.50%, 02/15/25(d)

    715       830,114  

Georgia Housing & Finance Authority, RB, S/F Housing, Series B, 2.50%, 06/01/50

     795       805,747  

Main Street Natural Gas, Inc., RB

    

Series A, 5.00%, 05/15/35

     540       748,872  

Series A, 5.00%, 05/15/36

     540       760,353  

Series A, 5.00%, 05/15/37

     595       849,571  

Series A, 5.00%, 05/15/38

     325       470,499  

Series A, 5.00%, 05/15/49

     7,195       10,955,553  

Series C, 4.00%, 05/01/52(a)

    3,910       4,602,070  

Municipal Electric Authority of Georgia, RB
4.00%, 01/01/49

     3,585       4,006,080  

4.00%, 01/01/59

     3,525       3,930,453  

Municipal Electric Authority of Georgia, Refunding RB, Sub-Series A, 4.00%, 01/01/49

     1,360       1,529,846  
   

 

 

  
      29,489,158  
Hawaii — 0.3%            

State of Hawaii Airports System Revenue, ARB, Series A, AMT, 5.00%, 07/01/45

     1,000       1,130,247  

State of Hawaii Airports System Revenue, COP

    

AMT, 5.25%, 08/01/25

     250       269,269  

AMT, 5.25%, 08/01/26

     810       872,209  
   

 

 

  
      2,271,725  
Idaho — 0.6%            

Idaho Health Facilities Authority Refunding RB, 3.00%, 03/01/51(c)

    2,845       2,952,948  

Idaho Health Facilities Authority, RB
4.00%, 12/01/43

     605       709,144  

Series 2017, 5.00%, 12/01/46

     805       971,754  
   

 

 

  
      4,633,846  
Security   Par
(000)		     Value  
Illinois — 10.4%            

Chicago Board of Education, GO

    

Series A, 5.00%, 12/01/36.

   $ 405     $ 509,068  

Series A, 5.00%, 12/01/38.

     200       250,390  

Series A, 5.00%, 12/01/39

     100       124,909  

Series A, 5.00%, 12/01/40

     310       386,264  

Series A, 5.00%, 12/01/41

     210       261,308  

Series C, 5.25%, 12/01/35

           2,790           3,099,453  

Series D, 5.00%, 12/01/46

     3,605       3,961,904  

Series H, 5.00%, 12/01/36

     495       583,786  

Series H, 5.00%, 12/01/46

     215       251,408  

Chicago Board of Education, Refunding GO

    

Series C, 5.00%, 12/01/25

     1,215       1,407,118  

Series D, 5.00%, 12/01/27

     1,600       1,935,118  

Series D, 5.00%, 12/01/31

     150       179,554  

Series F, 5.00%, 12/01/22

     880       920,038  

Series F, 5.00%, 12/01/23

     290       315,570  

Series G, 5.00%, 12/01/34

     710       840,023  

Series G, 5.00%, 12/01/44

     150       175,188  

Chicago Midway International Airport, Refunding ARB, Series A, 2nd Lien, AMT, 5.00%, 01/01/41

     1,010       1,091,027  

Chicago O’Hare International Airport, Refunding RB, Series A, Senior Lien, 4.00%, 01/01/37

     1,035       1,215,919  

Chicago Transit Authority Sales Tax Receipts Fund, RB, 5.25%, 12/01/21(d)

    6,290       6,290,000  

City of Chicago Illinois Wastewater Transmission Revenue, RB, 2nd Lien, 5.00%, 01/01/42

     1,375       1,379,364  

City of Chicago Illinois Waterworks Revenue, Refunding RB, 2nd Lien, 5.00%, 11/01/42

     500       519,113  

Cook County Community College District No. 508, GO
5.50%, 12/01/38

     2,670       2,891,068  

5.25%, 12/01/43

     3,850       4,111,777  

Illinois Finance Authority, RB, Series A, 5.00%, 02/15/37

     480       551,930  

Illinois Finance Authority, Refunding RB

    

Series A, 4.00%, 05/15/50

     600       684,757  

Series C, 5.00%, 02/15/41

     1,600       1,910,006  

Illinois State Toll Highway Authority, RB

    

Series A, 5.00%, 01/01/45

     1,420       1,794,617  

Series C, 5.00%, 01/01/37

     3,005       3,385,391  

Metropolitan Pier & Exposition Authority, RB

    

Series A, 5.50%, 06/15/53

     280       325,502  

Series A, 5.00%, 06/15/57

     2,745       3,204,832  

Metropolitan Pier & Exposition Authority, RB, CAB, (BAM-TCRS), 0.00%, 12/15/56(e)

    2,165       809,418  

Metropolitan Pier & Exposition Authority, Refunding RB, 4.00%, 06/15/50

     2,705       3,038,470  

Metropolitan Pier & Exposition Authority, Refunding RB, CAB(e)

   

Series B, (AGM), 0.00%, 06/15/43

     5,700       3,216,601  

Series B, (AGM), 0.00%, 06/15/44

     2,980       1,628,320  

Series B, 0.00%, 12/15/54

     3,020       1,097,843  

State of Illinois, GO 5.25%, 02/01/31

     730       797,081  

5.25%, 02/01/32

     2,500       2,729,730  

5.50%, 07/01/33

     3,000       3,213,135  

5.00%, 03/01/37

     455       459,665  

5.50%, 07/01/38

     620       666,248  

5.00%, 02/01/39

     1,640       1,773,998  

Series A, 5.00%, 04/01/35

     3,500       3,692,903  

Series A, 5.00%, 04/01/38

     5,020       5,296,677  

Series C, 4.00%, 11/01/43

     440       498,932  
 

 

 

3

Schedule of Investments  (unaudited) (continued)

November 30, 2021

   

BlackRock Municipal Income Trust II (BLE)

(Percentages shown are based on Net Assets)

 

Security   Par
(000)		     Value  
Illinois (continued)            

State of Illinois, GO (continued)

    

Series D, 5.00%, 11/01/28

   $ 505     $ 605,001  

State of Illinois, Refunding GO, Series B, 5.00%, 10/01/27

     180       216,703  

University of Illinois, RB, Series A, 5.00%, 04/01/44

           1,360       1,489,061  
   

 

 

  
            75,786,188  
Indiana — 1.9%            

City of Valparaiso Indiana, RB

    

AMT, 6.75%, 01/01/34

     1,090       1,208,154  

AMT, 7.00%, 01/01/44

     4,625       5,147,162  

Indiana Finance Authority, RB(d)

   

Series A, AMT, 5.00%, 07/01/23

     3,075       3,300,382  

Series A, AMT, 5.25%, 07/01/23

     560       603,335  

Indiana Finance Authority, Refunding RB, 4.75%, 03/01/22(d)

    2,030       2,052,965  

Indianapolis Local Public Improvement Bond Bank, RB, Series A, 5.00%, 01/15/40

     1,780       1,868,639  
   

 

 

  
      14,180,637  
Iowa — 1.3%            

Iowa Finance Authority, Refunding RB
5.25%, 12/01/25

     1,270       1,377,334  

Series B, 5.25%, 12/01/50(a)

    4,855       5,282,818  

Iowa Student Loan Liquidity Corp., Refunding RB, Series B, AMT, 3.00%, 12/01/39

     2,425       2,514,621  
   

 

 

  
      9,174,773  
Kansas — 0.1%            

City of Lenexa Kansas, Refunding RB, Series A, 5.00%, 05/15/43

     475       512,217  
   

 

 

  
Kentucky — 1.1%            

Kentucky Economic Development Finance Authority, RB, Series A, 5.25%, 01/01/23(d)

    1,385       1,459,512  

Kentucky Economic Development Finance Authority, Refunding RB, Series B, (NPFGC), 0.00%, 10/01/24(e)

    5,000       4,840,835  

Kentucky Public Transportation Infrastructure Authority, RB, CAB, Series C, Convertible, 6.75%, 07/01/43(h)

    1,655       2,050,538  
   

 

 

  
      8,350,885  
Louisiana — 0.8%            

Lake Charles Harbor & Terminal District, ARB, Series B, AMT, (AGM), 5.50%, 01/01/29

     1,000       1,104,220  

Tobacco Settlement Financing Corp., Refunding RB

    

Series A, 5.25%, 05/15/31

     435       436,095  

Series A, 5.25%, 05/15/32

     1,540       1,571,444  

Series A, 5.25%, 05/15/33

     1,675       1,709,105  

Series A, 5.25%, 05/15/35

     955       1,015,937  
   

 

 

  
      5,836,801  
Maryland — 0.1%            

City of Baltimore Maryland, Refunding RB, Series A, 4.50%, 09/01/33

     135       149,329  

Maryland Health & Higher Educational Facilities Authority, RB, Series 2017, 5.00%, 12/01/46

     455       550,044  
   

 

 

  
      699,373  
Security   Par
(000)		     Value  
Massachusetts — 0.8%            

Massachusetts Development Finance Agency, RB, Series A, 5.00%, 01/01/47.

   $       1,975     $       2,290,623  

Massachusetts Development Finance Agency, Refunding RB
5.00%, 01/01/41

     525       585,709  

5.00%, 01/01/45

     375       417,078  

Series A, 4.00%, 07/01/44

     685       771,371  

Massachusetts Port Authority, ARB, Series E, AMT, 5.00%, 07/01/51

     1,220       1,545,669  
   

 

 

  
      5,610,450  
Michigan — 2.0%            

City of Detroit Michigan Sewage Disposal System Revenue, Refunding RB, Series A, Senior Lien, 5.25%, 07/01/22(d)

    6,750       6,950,252  

City of Detroit Michigan Water Supply System Revenue, RB, Series B, 2nd Lien, (AGM), 6.25%, 07/01/36

     5       5,022  

Grand Traverse County Hospital Finance Authority, RB, Series A, 5.00%, 07/01/44

     1,110       1,357,415  

Michigan Finance Authority, RB, Series C-1, Senior Lien, 5.00%, 07/01/22(d)

    275       282,742  

Michigan Finance Authority, Refunding RB, Series A, 4.00%, 12/01/49

     895       1,027,551  

Michigan State Housing Development Authority, RB, M/F Housing, Series A, 2.70%, 10/01/56

     1,890       1,902,797  

Michigan State University, Refunding RB, Series B, 5.00%, 02/15/48

     1,100       1,370,459  

Michigan Strategic Fund, RB, AMT, 5.00%, 06/30/48

     1,680       2,002,464  
   

 

 

  
      14,898,702  
Minnesota — 2.1%            

City of Minneapolis Minnesota, Refunding RB, Series A, 5.00%, 11/15/49.

     1,790       2,180,342  

Duluth Economic Development Authority, Refunding RB

    

Series A, 4.25%, 02/15/48

     7,760       8,714,806  

Series A, 5.25%, 02/15/53

     2,230       2,699,143  

Series A, 5.25%, 02/15/58

     1,435       1,737,267  
   

 

 

  
      15,331,558  
Mississippi — 0.2%            

Mississippi Development Bank, RB, (AGM), 6.88%, 12/01/40

     1,190       1,322,881  

Mississippi State University Educational Building Corp., Refunding RB, 5.25%, 08/01/23(d)

    260       281,226  
   

 

 

  
      1,604,107  
Missouri — 1.6%            

370/Missouri Bottom Road/Taussig Road Transportation Development District, RB, 7.20%, 05/01/33(f)(g)

    6,000       2,130,000  

Health & Educational Facilities Authority of the State of Missouri, RB, 4.00%, 06/01/53

     3,180       3,653,057  

Health & Educational Facilities Authority of the State of Missouri, Refunding RB
5.50%, 05/01/43

     345       364,326  

Series A, 4.00%, 07/01/40

     1,830       2,199,731  

Series A, 4.00%, 07/01/46

     655       773,360  
 

 

 

S C H E D U L E    O F    I N V E S T M E N T  S   4

Schedule of Investments  (unaudited) (continued)

November 30, 2021

   

BlackRock Municipal Income Trust II (BLE)

(Percentages shown are based on Net Assets)

 

Security   Par
(000)		     Value  
Missouri (continued)            

Kansas City Industrial Development Authority, ARB, AMT, (AGM), 4.00%, 03/01/57.

   $ 975     $ 1,103,558  

Missouri Housing Development Commission, RB, S/F Housing

    

(GNMA/FNMA/FHLMC COLL), 2.35%, 11/01/46

           450       456,334  

(GNMA/FNMA/FHLMC COLL), 2.40%, 11/01/51

     465       455,480  

St Louis County Industrial Development Authority, Refunding RB, 5.00%, 09/01/37

     500       567,535  
   

 

 

  
      11,703,381  
Montana — 0.6%            

City of Kalispell Montana, Refunding RB, Series A, 5.25%, 05/15/37

     125       137,120  

Montana State Board of Regents Refunding RB

    

Series G, 3.00%, 11/15/43

     1,120             1,210,555  

Series G, 4.00%, 11/15/46

     2,750       3,274,067  
   

 

 

  
      4,621,742  
Nebraska — 0.5%            

Central Plains Energy Project, RB 5.25%, 09/01/37

     1,155       1,194,873  

5.00%, 09/01/42

     2,025       2,091,193  
   

 

 

  
      3,286,066  
New Hampshire(b) — 0.6%            

New Hampshire Business Finance Authority, Refunding RB

    

Series A, 3.63%, 07/01/43(a)

    170       180,991  

Series B, 4.63%, 11/01/42

     2,350       2,449,703  

Series B, AMT, 3.75%, 07/01/45(a)

    270       286,342  

Series C, AMT, 4.88%, 11/01/42

     1,260       1,318,319  
   

 

 

  
      4,235,355  
New Jersey — 12.6%            

Casino Reinvestment Development Authority, Inc., Refunding RB

    

5.25%, 11/01/39

     2,390       2,639,774  

5.25%, 11/01/44

     2,250       2,455,628  

Hudson County Improvement Authority, RB, 4.00%, 10/01/46

     1,830       2,135,707  

Middlesex County Improvement Authority, RB, Series B, 6.25%, 01/01/37(f)(g)

    645       12,900  

New Jersey Economic Development Authority, RB
4.00%, 11/01/38

     560       638,759  

4.00%, 11/01/39

     450       511,091  

5.00%, 06/15/49

     2,535       3,075,761  

Series EEE, 5.00%, 06/15/43

     3,710       4,500,497  

Series EEE, 5.00%, 06/15/48

     4,020       4,880,602  

AMT, 5.13%, 09/15/23

     1,705       1,762,083  

AMT, (AGM), 5.00%, 01/01/31

     530       576,165  

AMT, 5.38%, 01/01/43

     1,500       1,635,444  

New Jersey Economic Development Authority, Refunding ARB, AMT, 5.00%, 10/01/47

     1,570       1,817,062  

New Jersey Economic Development Authority, Refunding RB, Series BBB, 5.50%, 06/15/31

     775       938,736  

New Jersey Economic Development Authority, Refunding SAB
6.50%, 04/01/28

     7,475       8,239,872  

5.75%, 04/01/31

     705       756,622  
Security   Par
(000)		     Value  
New Jersey (continued)            

New Jersey Higher Education Student Assistance Authority, Refunding RB, Sub-Series C, AMT, 3.63%, 12/01/49

   $ 665     $ 679,473  

New Jersey Housing & Mortgage Finance Agency, Refunding RB, M/F Housing, Series A, (HUD SECT 8), 2.30%, 11/01/40

           1,150       1,155,643  

New Jersey Transportation Trust Fund Authority, RB

    

Series A, 5.00%, 06/15/28.

     500       586,016  

Series AA, 5.50%, 06/15/39

     3,845       4,116,011  

Series AA, 5.00%, 06/15/44

     2,085       2,231,311  

Series AA, 4.00%, 06/15/45

     855       978,838  

Series AA, 5.00%, 06/15/45

     415       468,078  

Series BB, 4.00%, 06/15/50

     1,645       1,845,420  

Series BB, 5.00%, 06/15/50

     5,395       6,521,071  

Series S, 5.25%, 06/15/43

     1,145       1,426,233  

Series S, 5.00%, 06/15/46

     2,930       3,563,343  

New Jersey Turnpike Authority, RB

    

Series A, 5.00%, 07/01/22(d)

    770       791,513  

Series A, 4.00%, 01/01/42

     800       947,720  

Series A, 4.00%, 01/01/48

     1,190             1,368,920  

Series E, 5.00%, 01/01/45

     2,810       3,148,377  

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

    735       784,473  

State of New Jersey, GO

    

Series A, 4.00%, 06/01/31

     620       764,445  

Series A, 3.00%, 06/01/32

     1,430       1,627,307  

Tobacco Settlement Financing Corp., Refunding RB

    

Series A, 5.00%, 06/01/35

     1,605       1,946,870  

Series A, 5.25%, 06/01/46

     4,415       5,332,287  

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

     12,780       14,919,462  
   

 

 

  
      91,779,514  
New Mexico — 0.0%            

City of Santa Fe New Mexico, RB, Series A, 5.00%, 05/15/44

     100       111,527  
   

 

 

  
New York — 15.5%            

Buffalo & Erie County Industrial Land Development Corp., Refunding RB, Series A, 5.00%, 06/01/35

     500       558,399  

City of New York, GO

    

Series A-1, 5.00%, 08/01/47

     4,530       5,820,746  

Series C, 5.00%, 08/01/42

     1,870       2,387,597  

Series D-1, 4.00%, 03/01/44

     515       600,374  

Metropolitan Transportation Authority, RB

    

Series B, 5.25%, 11/15/38

     3,305       3,628,179  

Series B, 5.25%, 11/15/39

     910       998,144  

Series C, 4.00%, 11/15/33

     100       104,595  

Metropolitan Transportation Authority, Refunding RB

    

Series B, 5.00%, 11/15/22

     400       417,672  

Series C-1, 5.00%, 11/15/25

     100       115,413  

Series C-1, 5.00%, 11/15/26

     65       76,788  

Series C-1, 4.75%, 11/15/45

     6,795       8,145,717  

Series C-1, 5.00%, 11/15/50

     575       696,595  

Series C-1, 5.25%, 11/15/55

     845       1,039,587  

Monroe County Industrial Development Corp., Refunding RB 4.00%, 12/01/46

     1,090       1,237,855  

Series A, 4.00%, 07/01/50

     1,175       1,364,512  
 

 

 

5

Schedule of Investments  (unaudited) (continued)

November 30, 2021

   

BlackRock Municipal Income Trust II (BLE)

(Percentages shown are based on Net Assets)

 

Security   Par
(000)		     Value  
New York (continued)            

New York City Housing Development Corp., RB, M/F Housing

    

Series A, 3.00%, 11/01/55.

   $ 3,375     $ 3,408,143  

Series C-1A, 4.20%, 11/01/44

           3,000       3,089,088  

Series H, 2.55%, 11/01/45

     925       904,918  

New York City Housing Development Corp., Refunding RB, M/F Housing, Series D-1-B, (FHA 542 (C)), 2.50%, 11/01/55

     1,500             1,390,926  

New York City Industrial Development Agency, Refunding RB

    

(AGM), 3.00%, 03/01/49

     2,060       2,167,989  

3.00%, 03/01/49

     1,645       1,701,682  

Series A, Class A, (AGM), 3.00%, 01/01/37

     235       250,619  

Series A, Class A, (AGM), 3.00%, 01/01/39

     235       250,311  

Series A, Class A, (AGM), 3.00%, 01/01/40

     165       175,328  

New York City Transitional Finance Authority Future Tax Secured Revenue, RB

    

Sub-Series B-1, 4.00%, 11/01/45

     5,000       5,847,015  

Sub-Series E-1, 5.00%, 02/01/42

     3,450       3,475,416  

Series C, Subordinate, 4.00%, 05/01/45

     1,200       1,418,324  

Sub-Series C-1, Subordinate, 4.00%, 05/01/40

     480       574,028  

New York Counties Tobacco Trust IV, Refunding RB, Series A, 6.25%, 06/01/41(b)

    3,400       3,452,176  

New York Liberty Development Corp., Refunding RB
2.88%, 11/15/46

     5,210       5,306,630  

3.00%, 11/15/51

     1,190       1,237,061  

Series 1, Class 1, 5.00%, 11/15/44(b)

    6,110       6,686,295  

Series 2, Class 2, 5.15%, 11/15/34(b)

    470       524,459  

Series 2, Class 2, 5.38%, 11/15/40(b)

    1,175       1,313,592  

New York Power Authority, Refunding RB, Series A, 4.00%, 11/15/60

     1,225       1,423,238  

New York State Dormitory Authority, Refunding RB, Series A, 5.00%, 03/15/45.

     1,530       1,891,394  

New York State Environmental Facilities Corp., RB, Series B, Subordinate, 5.00%, 06/15/48

     1,945       2,414,307  

New York State Housing Finance Agency RB, M/F Housing, Series G, (SONYMA), 2.60%, 11/01/46

     2,205       2,195,627  

New York State Thruway Authority, Refunding RB, Series B, Subordinate, 4.00%, 01/01/45

     3,110       3,587,015  

New York State Urban Development Corp., RB

    

Series A, 4.00%, 03/15/49.

     8,750       10,221,356  

Series A, 3.00%, 03/15/50

     1,420       1,507,091  

New York Transportation Development Corp., ARB, Series A, AMT, 5.25%, 01/01/50

     1,600       1,771,830  

New York Transportation Development Corp., RB

    

AMT, 5.00%, 10/01/35

     640       793,546  

AMT, 5.00%, 10/01/40

     1,825       2,227,115  

AMT, 4.00%, 04/30/53

     425       485,964  

Port Authority of New York & New Jersey, ARB
4.00%, 09/01/45

     2,500       2,911,188  

4.00%, 09/01/49

     1,500       1,725,692  

Port Authority of New York & New Jersey, Refunding ARB, Series 223, AMT, 4.00%, 07/15/40

     1,350       1,597,991  

State of New York Mortgage Agency RB, S/F Housing, (SONYMA), 2.60%, 10/01/44

     2,145       2,161,615  

Triborough Bridge & Tunnel Authority, RB

    

Series A, 4.00%, 11/15/54

     1,085       1,271,769  

Series A, 5.00%, 11/15/54

     935       1,183,091  
Security   Par
(000)		     Value  
New York (continued)            

Triborough Bridge & Tunnel Authority, RB (continued)

    

Series A, 5.00%, 11/15/56.

   $ 1,640     $ 2,093,127  

Westchester County Healthcare Corp., RB,
Series A, Senior Lien, 5.00%, 11/01/44

           1,001             1,094,280  

Westchester Tobacco Asset Securitization Corp., Refunding RB, Sub-Series C, 4.00%, 06/01/42

     240       261,685  
   

 

 

  
      113,185,094  
North Carolina — 0.7%            

County of Union North Carolina Enterprise System Revenue, RB, 3.00%, 06/01/51.

     2,255       2,448,932  

North Carolina Medical Care Commission, RB

    

Series A, 4.00%, 10/01/40

     125       140,878  

Series A, 5.00%, 10/01/40

     190       230,906  

Series A, 4.00%, 10/01/45

     565       632,912  

Series A, 5.00%, 10/01/45

     340       412,274  

Series A, 4.00%, 10/01/50

     145       162,442  

Series A, 5.00%, 10/01/50

     380       456,160  

University of North Carolina at Chapel Hill, RB, 5.00%, 02/01/49

     590       928,022  
   

 

 

  
      5,412,526  
North Dakota — 0.2%            

County of Cass North Dakota, Refunding RB, Series B, 5.25%, 02/15/58

     1,035       1,253,823  
   

 

 

  
Ohio — 3.2%            

Buckeye Tobacco Settlement Financing Authority, Refunding RB

    

Series A-2, Class 1, 4.00%, 06/01/37

     315       368,398  

Series A-2, Class 1, 4.00%, 06/01/38

     315       366,698  

Series A-2, Class 1, 4.00%, 06/01/39

     315       364,576  

Series A-2, Class 1, 4.00%, 06/01/48

     825       932,297  

Series B-2, Class 2, 5.00%, 06/01/55

     8,295       9,497,692  

County of Allen Ohio Hospital Facilities Revenue, Refunding RB, Series A, 4.00%, 11/01/44

     450       478,637  

County of Franklin Ohio, RB

    

Series 2017, 5.00%, 12/01/46

     435       521,823  

Series A, 6.13%, 07/01/22(d)

    920       951,529  

Series A, 4.00%, 12/01/49

     555       644,771  

County of Hamilton Ohio, Refunding RB 4.00%, 08/15/50

     2,415       2,775,813  

Series A, 3.75%, 08/15/50

     1,155       1,287,870  

Ohio Air Quality Development Authority, RB, AMT, 5.00%, 07/01/49(b)

    960       1,119,487  

Ohio Turnpike & Infrastructure Commission, RB,

    

Series A-1, Junior Lien, 5.25%, 02/15/31

     2,885       3,049,560  

State of Ohio, RB, AMT, 5.00%, 06/30/53

     870       961,212  
   

 

 

  
      23,320,363  
Oklahoma — 1.3%            

Norman Regional Hospital Authority, Refunding RB, 5.00%, 09/01/37

     400       468,150  

Oklahoma Development Finance Authority, RB,
Series B, 5.25%, 08/15/48

     2,225       2,703,139  

Oklahoma Turnpike Authority, RB
Series A, 4.00%, 01/01/48

     2,230       2,538,228  
 

 

 

S C H E D U L E    O F    I N V E S T M E N T  S   6

Schedule of Investments  (unaudited) (continued)

November 30, 2021

   

BlackRock Municipal Income Trust II (BLE)

(Percentages shown are based on Net Assets)

 

Security   Par
(000)		     Value  
Oklahoma (continued)            

Oklahoma Turnpike Authority, RB (continued)

    

Series C, 4.00%, 01/01/42

   $ 2,120     $ 2,419,787  

Tulsa County Industrial Authority, Refunding RB, 5.25%, 11/15/45

           1,435             1,612,550  
   

 

 

  
      9,741,854  
Oregon — 0.6%            

Clackamas County School District No.12 North Clackamas, GO, CAB, Series A, (GTD), 0.00%, 06/15/38(e)

    1,445       816,760  

Multnomah & Clackamas Counties School District No.10JT Gresham-Barlow, GO, CAB, Series A, (GTD), 0.00%, 06/15/38(e)

    470       295,768  

Oregon State Facilities Authority, RB, (AGM), 5.00%, 07/01/22(d)

    715       734,987  

Port of Portland Oregon Airport Revenue, Refunding ARB, Series 27-A, AMT, 5.00%, 07/01/45

     1,980       2,456,828  
   

 

 

  
      4,304,343  
Pennsylvania — 3.4%            

Allentown Neighborhood Improvement Zone Development Authority, RB(b)
5.00%, 05/01/42

     420       482,172  

Subordinate, 5.00%, 05/01/28

     80       90,672  

Subordinate, 5.13%, 05/01/32

     100       118,072  

Subordinate, 5.38%, 05/01/42

     145       168,502  

Allentown Neighborhood Improvement Zone Development Authority, Refunding RB, Series A, 5.00%, 05/01/42

     2,500       2,544,182  

Bristol Township School District, GO, (SAW), 5.25%, 06/01/23(d)

    1,530       1,637,046  

Hospitals & Higher Education Facilities Authority of Philadelphia, RB, Series A, 5.63%, 07/01/42

     885       908,577  

Montgomery County Higher Education and Health Authority, Refunding RB

    

Series A, 5.00%, 09/01/43.

     1,350       1,635,867  

Series A, 4.00%, 09/01/49

     615       687,890  

Pennsylvania Economic Development Financing Authority, RB, AMT, 5.00%, 06/30/42

     3,680       4,230,947  

Pennsylvania Economic Development Financing Authority, Refunding RB, AMT, 5.50%, 11/01/44

     480       508,896  

Pennsylvania Higher Educational Facilities Authority, RB
4.00%, 08/15/44

     1,150       1,343,513  

4.00%, 08/15/49

     2,545       2,942,239  

Pennsylvania Housing Finance Agency RB, S/F Housing, 2.45%, 10/01/41(c)

    2,865       2,874,767  

Pennsylvania Turnpike Commission, RB

    

Series A, 5.00%, 12/01/44

     1,535       1,724,708  

Series A, Subordinate, 4.00%, 12/01/46

     2,500       2,885,715  
   

 

 

  
      24,783,765  
Puerto Rico — 5.9%            

Children’s Trust Fund, Refunding RB

    

5.50%, 05/15/39

     715       733,392  

5.63%, 05/15/43

     1,755       1,776,364  

Puerto Rico Commonwealth Aqueduct & Sewer Authority, RB

    

Series A, Senior Lien, 5.00%, 07/01/33

     4,655       4,784,791  

Series A, Senior Lien, 5.13%, 07/01/37

     1,335       1,373,181  
Security   Par
(000)		     Value  
Puerto Rico (continued)            

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

    

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

   $       5,224     $ 5,957,183  

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

     15,367       17,664,210  

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

     2,333       2,623,528  

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

     3,256             3,716,095  

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

     164       186,660  

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

     159       180,780  

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

    12,023       4,013,638  
   

 

 

  
      43,009,822  
Rhode Island — 2.2%            

Rhode Island Student Loan Authority, RB, Series A, AMT, 3.63%, 12/01/37

     310       328,489  

Tobacco Settlement Financing Corp., Refunding RB

    

Series A, 5.00%, 06/01/35

     1,690       1,895,355  

Series A, 5.00%, 06/01/40

     950       1,062,205  

Series B, 4.50%, 06/01/45

     6,550       7,124,330  

Series B, 5.00%, 06/01/50

     4,880       5,408,772  
   

 

 

  
      15,819,151  
South Carolina — 5.2%            

Charleston County Airport District, ARB

    

Series A, AMT, 5.50%, 07/01/26

     1,810       1,954,052  

Series A, AMT, 6.00%, 07/01/38

     1,155       1,250,485  

Series A, AMT, 5.50%, 07/01/41

     1,000       1,073,233  

County of Charleston South Carolina, ARB, 5.25%, 12/01/23(d)

    3,295       3,621,077  

South Carolina Jobs-Economic Development Authority, RB(b)
5.00%, 01/01/40

     385       415,731  

5.00%, 01/01/55

     335       353,632  

South Carolina Jobs-Economic Development Authority, Refunding RB
5.00%, 02/01/38

     2,710       3,137,947  

Series A, 5.00%, 05/01/43

     2,430       2,923,864  

Series A, 5.00%, 05/01/48

     4,620       5,522,512  

South Carolina Ports Authority, ARB, AMT, 5.25%, 07/01/25(d)

    1,085       1,264,586  

South Carolina Public Service Authority, RB

    

Series A, 5.50%, 12/01/54

     4,810       5,337,176  

Series E, 5.50%, 12/01/53

     2,040       2,221,707  

South Carolina Public Service Authority, Refunding RB

    

Series A, 5.00%, 12/01/50

     1,755       1,978,915  

Series A, 5.00%, 12/01/55

     465       523,234  

Series C, 5.00%, 12/01/46

     1,795       1,999,971  

Series E, 5.25%, 12/01/55

     3,750       4,329,904  
   

 

 

  
      37,908,026  
South Dakota — 0.2%            

South Dakota Health & Educational Facilities Authority, Refunding RB, Series A, 4.00%, 09/01/50

     1,295       1,495,864  
   

 

 

  
Tennessee — 3.7%            

Chattanooga Health Educational & Housing Facility Board, RB, Series A, 5.25%, 01/01/23(d)

    1,910       2,013,199  

Chattanooga Health Educational & Housing Facility Board, Refunding RB, Series A, 4.00%, 08/01/44

     170       195,325  
 

 

 

7

Schedule of Investments  (unaudited) (continued)

November 30, 2021

   

BlackRock Municipal Income Trust II (BLE)

(Percentages shown are based on Net Assets)

 

Security   Par
(000)		     Value  
Tennessee (continued)            

Memphis-Shelby County Airport Authority, ARB, Series A, AMT, 5.00%, 07/01/45

   $       1,760     $ 2,222,702  

Metropolitan Government Nashville & Davidson County Health & Educational Facilities Board, RB, Series A, 5.00%, 07/01/40.

     740       862,833  

Metropolitan Government Nashville & Davidson County Health & Educational Facilities Board, Refunding RB

    

Series A, 4.00%, 10/01/49.

     445       497,521  

Series A, 5.25%, 10/01/58

     3,840             4,677,727  

Tennergy Corp., RB, Series A, 4.00%, 12/01/51(a)

    11,500       13,413,358  

Tennessee Energy Acquisition Corp., RB, Series A, 5.00%, 05/01/52(a)

    2,680       3,461,550  
   

 

 

  
      27,344,215  
Texas — 6.6%            

Brazos Higher Education Authority, Inc., RB, Series 1B, AMT, Subordinate, 3.00%, 04/01/40

     380       360,842  

Central Texas Regional Mobility Authority, RB, Series E, Senior Lien, 4.00%, 01/01/50

     2,390       2,716,321  

Central Texas Regional Mobility Authority, Refunding RB, Sub Lien, 5.00%, 01/01/23(d)

    505       531,095  

City of Austin Texas Airport System Revenue, ARB, AMT, 5.00%, 11/15/39

     665       741,796  

City of Beaumont Texas, GO, 5.25%, 03/01/23(d)

    2,070       2,198,054  

City of Houston Texas Airport System Revenue, RB, Series A, AMT, 6.63%, 07/15/38

     150       150,671  

City of Houston Texas Airport System Revenue, Refunding ARB, AMT, 5.00%, 07/15/27

     100       115,997  

City of Houston Texas Airport System Revenue, Refunding RB
AMT, 5.00%, 07/01/29

     595       642,945  

Series A, AMT, 5.00%, 07/01/27

     100       115,736  

City of San Antonio Texas Electric & Gas Systems Revenue, Refunding RB, Series A, 5.00%, 02/01/48

     1,260       1,565,537  

Clifton Higher Education Finance Corp., RB, 6.00%, 08/15/43

     230       249,429  

Dallas Fort Worth International Airport, Refunding RB, Series E, AMT, 5.50%, 11/01/27

     2,500       2,737,970  

Harris County Cultural Education Facilities Finance Corp., RB, Series B, 7.00%, 01/01/23(d)

    630       675,774  

Harris County-Houston Sports Authority, Refunding RB(e)

   

Series A, 3rd Lien, (NPFGC), 0.00%, 11/15/24(d)

    2,300       1,114,286  

Series A, 3rd Lien, (NPFGC), 0.00%, 11/15/36

     13,075       5,958,160  

Harris County-Houston Sports Authority, Refunding RB, CAB, Series A, Senior Lien, (AGM NPFGC), 0.00%, 11/15/38(e)

    4,750       2,370,982  

Lower Colorado River Authority, Refunding RB, 5.50%, 05/15/33

     730       780,358  

Midland County Fresh Water Supply District No.1, RB, CAB, Series A, 0.00%, 09/15/37(e)

    10,540       5,764,126  

New Hope Cultural Education Facilities Finance Corp., RB(b)

   

Series A, 5.13%, 08/15/47.

     1,085       1,085,763  

Series A, 5.00%, 08/15/50

     180       192,851  

North Texas Tollway Authority, RB, CAB, Series B, 0.00%, 09/01/31(d)(e)

    640       344,007  
Security   Par
(000)		     Value  
Texas (continued)            

North Texas Tollway Authority, Refunding RB, 4.25%, 01/01/49

   $ 3,185     $ 3,684,430  

Red River Education Finance Corp., RB, 5.25%, 03/15/23(d)

    940       1,000,562  

San Antonio Water System, Refunding RB, Series A, Junior Lien, 5.00%, 05/15/48

           1,370       1,684,011  

Tarrant County Cultural Education Facilities Finance Corp., RB, Series B, 5.00%, 07/01/48

     4,955             6,087,133  

Texas City Industrial Development Corp., RB, Series 2012, 4.13%, 12/01/45

     95       102,046  

Texas Private Activity Bond Surface Transportation Corp., RB, AMT, Senior Lien, 5.00%, 12/31/55

     975       1,107,748  

Texas Transportation Commission, RB, Series A, 5.00%, 08/01/57

     1,715       1,985,348  

Texas Transportation Commission, RB, CAB(e)
0.00%, 08/01/40

     500       240,856  

0.00%, 08/01/41

     2,000       909,418  

0.00%, 08/01/42

     2,345       1,005,832  
   

 

 

  
      48,220,084  
Utah — 0.6%            

County of Utah, RB

    

Series A, 4.00%, 05/15/43.

     240       281,661  

Series A, 3.00%, 05/15/50

     1,085       1,141,547  

Salt Lake City Corp. Airport Revenue, ARB

    

Series A, AMT, 5.00%, 07/01/47

     995       1,174,817  

Series A, AMT, 5.00%, 07/01/48

     955       1,145,759  

Utah Charter School Finance Authority, RB, Series A, 5.00%, 06/15/39(b)

    100       107,998  

Utah Charter School Finance Authority, Refunding RB, 5.00%, 06/15/40(b)

    135       156,457  
   

 

 

  
      4,008,239  
Vermont — 0.7%            

Vermont Educational & Health Buildings Financing Agency, Refunding RB
5.00%, 11/01/49

     1,915       2,404,801  

4.00%, 11/01/50

     1,725       1,988,318  

Vermont Student Assistance Corp., RB, Series A, AMT, 3.38%, 06/15/36

     345       355,920  
   

 

 

  
      4,749,039  
Virginia — 1.7%            

Ballston Quarter Community Development Authority, TA

    

Series A, 5.00%, 03/01/26.

     405       411,355  

Series A, 5.13%, 03/01/31

     790       800,784  

Front Royal & Warren County Industrial Development Authority, RB, 4.00%, 01/01/50

     865       948,937  

Henrico County Economic Development Authority, Refunding RB, 4.00%, 10/01/45

     305       336,752  

Lexington Industrial Development Authority, RB, 5.00%, 01/01/22(d)

    805       808,126  

Lynchburg Economic Development Authority Refunding RB, 3.00%, 01/01/51

     525       542,686  

Lynchburg Economic Development Authority, Refunding RB, 4.00%, 01/01/55

     365       424,545  

Tobacco Settlement Financing Corp., Refunding RB, Series B-1, 5.00%, 06/01/47

     1,010       1,027,567  
 

 

 

S C H E D U L E    O F    I N V E S T M E N T  S   8

Schedule of Investments  (unaudited) (continued)

November 30, 2021

   

BlackRock Municipal Income Trust II (BLE)

(Percentages shown are based on Net Assets)

 

Security   Par
(000)		     Value  
Virginia (continued)            

Virginia Housing Development Authority, RB, M/F Housing, Series 1, (GNMA/FNMA/FHLMC), 2.55%, 11/01/50

   $ 1,520     $ 1,508,954  

Virginia Small Business Financing Authority, RB

    

AMT, Senior Lien, 5.25%, 01/01/32

           2,005       2,056,859  

AMT, Senior Lien, 6.00%, 01/01/37

     3,440       3,542,825  
   

 

 

  
           12,409,390  
Washington — 3.1%            

Grant County Public Utility District No.2 Priest Rapids Hydroelectric Project, Refunding RB, Series A, 5.00%, 01/01/26(d)

    2,335       2,753,712  

Port of Seattle Washington, ARB

    

Series A, AMT, 5.00%, 05/01/43

     1,615       1,905,897  

Series C, AMT, 5.00%, 04/01/40

     1,050       1,167,150  

Port of Seattle Washington, Refunding ARB, Series C, AMT, 5.00%, 08/01/46

     6,320       8,005,102  

Washington Health Care Facilities Authority, RB, Series A, 5.75%, 01/01/23(d)

    3,160       3,348,892  

Washington Health Care Facilities Authority, Refunding RB, Series A, 4.00%, 08/01/44

     375       429,256  

Washington State Housing Finance Commission, RB, M/F Housing, Series A-1, 3.50%, 12/20/35

     1,966       2,293,268  

Washington State Housing Finance Commission, Refunding RB(b)

    

5.00%, 01/01/43

     1,000       1,162,147  

5.00%, 01/01/48

     1,405       1,627,407  
   

 

 

  
      22,692,831  
West Virginia — 0.1%            

City of Martinsburg West Verginia, RB, M/F Housing, Series A-1, 4.63%, 12/01/43.

     570       620,885  
   

 

 

  
Wisconsin — 1.4%            

Public Finance Authority, RB

    

Series A, 5.00%, 11/15/41.

     205       248,851  

Series A, 5.00%, 07/01/55(b)

    120       130,859  

Series A-1, 4.50%, 01/01/35(b)

    210       230,791  

AMT, 4.00%, 09/30/51

     1,835       2,031,194  

AMT, 4.00%, 03/31/56

     1,925       2,131,052  

Public Finance Authority, Refunding RB(b)
5.25%, 05/15/52

     735       800,830  

5.00%, 09/01/54

     115       124,010  

Wisconsin Health & Educational Facilities Authority RB, 4.00%, 08/15/46

     3,280       3,819,485  

Wisconsin Housing & Economic Development
Authority, RB, M/F Housing, Series A, 4.70%, 07/01/47

     660       701,755  
   

 

 

  
      10,218,827  
   

 

 

  

Total Municipal Bonds — 124.5%
(Cost: $833,657,059)

 

     909,046,237  
   

 

 

  

Municipal Bonds Transferred to Tender Option Bond Trusts(i)

 

California — 3.6%            

Bay Area Toll Authority, Refunding RB, 4.00%, 04/01/42(j)

    3,358       3,806,458  

City of Los Angeles Department of Airports, ARB, Series B, AMT, 5.00%, 05/15/46

     4,050       4,704,120  
Security   Par
(000)		     Value  
California (continued)            

Fremont Union High School District, Refunding GO, Series A, 4.00%, 08/01/46.

   $       1,839     $       2,115,489  

Sacramento Area Flood Control Agency, Refunding SAB

    

5.00%, 10/01/47

     3,344       3,951,821  

Series A, 5.00%, 10/01/43

     4,725       5,584,961  

San Diego County Regional Airport Authority, ARB(c)(j)

   

Series B, AMT, Subordinate, 4.00%, 07/01/56

     1,441       1,655,785  

Series B, AMT, Subordinate, 5.00%, 07/01/56

     3,436       4,292,014  
   

 

 

  
      26,110,648  
Colorado — 1.2%            

City & County of Denver Colorado Airport System Revenue, Refunding ARB, Series A, AMT, 5.25%, 12/01/48(j)

    2,463       3,044,012  

Colorado Health Facilities Authority, Refunding RB, Series A, 4.00%, 08/01/49(j)

    3,920       4,449,296  

County of Adams Colorado, Refunding COP, 4.00%, 12/01/45

     1,180       1,303,386  
   

 

 

  
      8,796,694  
Connecticut — 0.2%            

Connecticut State Health & Educational Facilities Authority, Refunding RB, 5.00%, 12/01/45

     1,216       1,416,196  
   

 

 

  
District of Columbia — 1.4%            

District of Columbia Housing Finance Agency, RB, M/F Housing, Series B-2, (FHA), 4.10%, 09/01/39

     2,361       2,606,098  

Metropolitan Washington Airports Authority Dulles Toll Road Revenue, Refunding RB, Series B, Subordinate, (AGM), 4.00%, 10/01/53

     6,986       7,952,878  
   

 

 

  
      10,558,976  
Florida — 0.9%            

Escambia County Health Facilities Authority, Refunding RB, 4.00%, 08/15/45(j)

    5,672       6,357,349  
   

 

 

  
Georgia — 0.9%            

Dalton Whitfield County Joint Development Authority, RB, 4.00%, 08/15/48.

     4,396       5,010,114  

Georgia Housing & Finance Authority, Refunding RB, Series A, 3.60%, 12/01/44.

     1,582       1,705,119  
   

 

 

  
      6,715,233  
Idaho — 0.7%            

Idaho State Building Authority, RB, Series A, 4.00%, 09/01/48

     4,800       5,479,270  
   

 

 

  
Illinois — 0.9%            

Illinois Finance Authority, Refunding RB

    

Series C, 4.00%, 02/15/41

     1,540       1,755,267  

Series C, 4.00%, 02/15/41(d)

    4       4,403  

Illinois State Toll Highway Authority, RB, Series C, 5.00%, 01/01/38

     4,244       4,778,596  
   

 

 

  
      6,538,266  
Iowa — 0.4%            

Iowa Finance Authority, Refunding RB, Series E, 4.00%, 08/15/46

     2,730       3,000,500  
   

 

 

  
Massachusetts — 1.7%            

Commonwealth of Massachusetts Transportation Fund Revenue, RB, Series A, 4.00%, 06/01/45

     2,238       2,454,574  
 

 

 

9

Schedule of Investments  (unaudited) (continued)

November 30, 2021

   

BlackRock Municipal Income Trust II (BLE)

(Percentages shown are based on Net Assets)

 

Security   Par
(000)		     Value  
Massachusetts (continued)            

Massachusetts Development Finance Agency, Refunding RB, 5.00%, 07/01/47

   $ 4,979     $ 5,827,820  

Massachusetts Housing Finance Agency, RB, M/F Housing, Series A-1, (FHA), 3.10%, 06/01/60

           2,642       2,685,232  

Massachusetts Housing Finance Agency, Refunding RB, Series A, AMT, 4.50%, 12/01/47

     1,273       1,352,032  
   

 

 

  
           12,319,658  
Michigan — 1.4%            

Michigan Finance Authority, RB, 4.00%, 02/15/47

     4,376       5,047,044  

Michigan State Housing Development Authority, RB, M/F Housing, Series A, 4.15%, 10/01/53

     5,000       5,407,549  
   

 

 

  
      10,454,593  
New Jersey — 0.3%            

New Jersey Higher Education Student Assistance Authority, Refunding RB, Series C, AMT, 4.25%, 12/01/50

     1,804       1,930,581  
   

 

 

  
New York — 9.3%            

City of New York, GO, Sub-Series-D1, Series D, 5.00%, 12/01/43(j)

    2,380       2,964,931  

New York City Housing Development Corp., Refunding RB, Series A, 4.15%, 11/01/38

     5,270       5,809,445  

New York City Transitional Finance Authority Future Tax Secured Revenue, RB, Series C, Subordinate, 3.00%, 05/01/46

     3,020       3,222,082  

New York City Water & Sewer System, Refunding RB

    

Series BB, 5.25%, 06/15/44(d)

    2,999       3,004,330  

Series FF, 5.00%, 06/15/45

     2,499       2,558,434  

New York Liberty Development Corp., ARB, 5.25%, 12/15/43

     21,419       21,457,602  

New York Power Authority, Refunding RB, Series A, 4.00%, 11/15/60

     1,459       1,694,673  

New York State Dormitory Authority, Refunding RB, Series D, 4.00%, 02/15/47

     6,576       7,613,221  

New York State Thruway Authority, Refunding RB, Series B, Subordinate, 4.00%, 01/01/50

     3,164       3,627,489  

New York State Urban Development Corp., RB, Series A, 4.00%, 03/15/46.

     7,217       8,315,434  

Port Authority of New York & New Jersey, ARB, Series 221, AMT, 4.00%, 07/15/60

     2,818       3,196,746  

Port Authority of New York & New Jersey, Refunding ARB, 194th Series, 5.25%, 10/15/55

     3,600       4,163,906  
   

 

 

  
      67,628,293  
North Carolina — 0.8%            

North Carolina Capital Facilities Finance Agency, Refunding RB, Series B, 5.00%, 10/01/55(d)

    3,540       4,116,831  

North Carolina Housing Finance Agency, RB, S/F Housing, Series 39-B, (FHLMC, FNMA, GNMA), 4.00%, 01/01/48

     1,841       2,000,840  
   

 

 

  
      6,117,671  
Security   Par
(000)		     Value  
Pennsylvania — 3.0%            

County of Lehigh Pennsylvania, Refunding RB, Series A, 4.00%, 07/01/49(j)

  $       7,498     $       8,546,662  

Pennsylvania Turnpike Commission, RB, Sub- Series A, 5.50%, 12/01/42.

     7,079       8,553,846  

Pennsylvania Turnpike Commission, Refunding RB, Sub-Series B-2, (AGM), 5.00%, 06/01/35

     3,110       3,768,263  

Westmoreland County Municipal Authority, Refunding RB, (BAM), 5.00%, 08/15/38

     1,034       1,177,626  
   

 

 

  
      22,046,397  
Rhode Island — 1.1%            

Narragansett Bay Commission, Refunding RB, Series A, 4.00%, 09/01/43(d)

    1,695       1,743,263  

Rhode Island Health and Educational Building Corp., RB, Series A, 4.00%, 09/15/47

     5,571       6,274,879  
   

 

 

  
      8,018,142  
Texas — 3.2%            

Board of Regents of the University of Texas System, Refunding RB, Series B, 5.00%, 08/15/43

     4,322       4,457,439  

City of San Antonio Texas Electric & Gas Systems Revenue, RB, Junior Lien, 5.00%, 02/01/43(d)

    3,440       3,631,126  

Lower Colorado River Authority, Refunding, RB, 4.00%, 05/15/43

     2,240       2,274,478  

Texas Department of Housing & Community Affairs, RB, S/F Housing

    

Series A, (GNMA), 3.63%, 09/01/44

     1,814       1,975,991  

Series A, (GNMA), 3.75%, 09/01/49

     1,814       1,975,991  

Texas Water Development Board, RB, Series A, 4.00%, 10/15/49

     7,600       8,861,587  
   

 

 

  
      23,176,612  
Virginia — 2.4%            

Hampton Roads Transportation Accountability Commission, RB(j)

   

Series A, Senior Lien, 5.50%, 07/01/57

     4,553       5,670,419  

Series A, Senior Lien, 4.00%, 07/01/60

     5,115       5,944,630  

Virginia Small Business Financing Authority, Refunding RB, Series A, 4.00%, 12/01/49

     5,320       6,130,934  
   

 

 

  
      17,745,983  
West Virginia — 0.7%            

Morgantown Utility Board, Inc., RB, Series B, 4.00%, 12/01/48(j)

    4,222       4,814,395  
   

 

 

  
Wisconsin — 1.4%            

Wisconsin Health & Educational Facilities Authority, Refunding RB, 4.00%, 12/01/46

     3,072       3,439,101  
 

 

 

S C H E D U L E    O F    I N V E S T M E N T  S   10

Schedule of Investments  (unaudited) (continued)

November 30, 2021

   

BlackRock Municipal Income Trust II (BLE)

(Percentages shown are based on Net Assets)

 

Security   Par
(000)		     Value  
Wisconsin (continued)            

Wisconsin Housing & Economic Development Authority, RB, M/F Housing

    

Series A, 4.10%, 11/01/43.

   $ 2,658     $ 2,946,272  

Series A, 4.45%, 05/01/57.

           3,322       3,682,840  
   

 

 

  
           10,068,213  
   

 

 

  

Total Municipal Bonds Transferred to Tender Option Bond Trusts — 35.5%
(Cost: $240,971,298)

 

     259,293,670  
   

 

 

  

Total Long-Term Investments — 160.0%
(Cost: $1,074,628,357)

       1,168,339,907  
   

 

 

  
     Shares         
Short-Term Securities            
Money Market Funds — 1.5%            

BlackRock Liquidity Funds, MuniCash, Institutional Class, 0.01%(k)(l)

    11,247,003       11,248,128  
   

 

 

  

Total Short-Term Securities — 1.5%
(Cost: $11,248,128)

       11,248,128  
   

 

 

  

Total Investments — 161.5%
(Cost: $1,085,876,485)

       1,179,588,035  
Other Assets Less Liabilities — 0.1%         1,102,220  

Liability for TOB Trust Certificates, Including Interest Expense and Fees Payable — (20.2)%

 

     (147,652,486 ) 
VMTP Shares at Liquidation Value — (41.4)%     (302,700,000)  
   

 

 

  
Net Assets Applicable to Common Shares — 100.0%     $730,337,769  
   

 

 

  

 

 

(a) 

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.

(b) 

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.

(c) 

When-issued security.

(d) 

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.

(e) 

Zero-coupon bond.

(f) 

Issuer filed for bankruptcy and/or is in default.

(g) 

Non-income producing security.

(h) 

Step coupon security. Coupon rate will either increase (step-up bond) or decrease (step-down bond) at regular intervals until maturity. Interest rate shown reflects the rate currently in effect.

(i) 

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

(j) 

All or a portion of the security is subject to a recourse agreement. The aggregate maximum potential amount the Trust could ultimately be required to pay under the agreements, which expire between April 1, 2025 to July 1, 2029, is $27,945,222.

(k) 

Affiliate of the Trust.

(l) 

Annualized 7-day yield as of period end.

 

 

Affiliates

Investments in issuers considered to be affiliate(s) of the Trust during the period ended November 30, 2021 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

 

Affiliated Issuer    Value at
08/31/21		      Purchases
at Cost		      Proceeds
from Sales		      Net
Realized
Gain (Loss)		      Change in
Unrealized
Appreciation
(Depreciation)		      Value at
11/30/21		      Shares
Held at
11/30/21		      Income      Capital Gain
Distributions
from
Underlying
Funds		  

BlackRock Liquidity Funds, MuniCash, Institutional Class

    $  15,829,553      $  —        $ (4,580,399)(a)      $  (1,026 )     $  —      $  11,248,128        11,247,003      $  183      $  —  
           

 

 

     

 

 

     

 

 

        

 

 

     

 

 

  

 

  (a) 

Represents net amount purchased (sold).

 

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

      303          03/22/22        $        39,627   $  (514,848 ) 

U.S. Long Bond

      242          03/22/22        39,249     (796,573 ) 

5-Year U.S. Treasury Note

      132          03/31/22        16,020     (125,070 ) 
              

 

 

  
               $ (1,436,491 ) 
              

 

 

  

 

 

11

Schedule of Investments  (unaudited) (continued)

November 30, 2021

   

BlackRock Municipal Income Trust II (BLE)

 

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 Trust 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); and

 

  •  

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 Trust’s policy regarding valuation of financial instruments, refer to its most recent financial statements.

The following table summarizes the Trust’s financial instruments categorized in the fair value hierarchy. The breakdown of the Trust’s financial instruments 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

    $ —        $ 909,046,237        $             —        $ 909,046,237  

Municipal Bonds Transferred to Tender Option Bond Trusts

      —          259,293,670          —          259,293,670  

Short-Term Securities

                  

Money Market Funds

      11,248,128          —          —          11,248,128  
  

 

 

       

 

 

       

 

 

       

 

 

  
   $  11,248,128        $ 1,168,339,907        $ —        $ 1,179,588,035  
  

 

 

       

 

 

       

 

 

       

 

 

  

Derivative Financial Instruments(a)

                 

Liabilities

                  

Interest Rate Contracts

    $ (1,436,491 )       $ —        $ —        $ (1,436,491)  
  

 

 

       

 

 

       

 

 

       

 

 

  

 

  (a)

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

 

The Trust 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 fair value hierarchy as follows:

 

              Level 1                    Level 2                    Level 3                        Total  

Liabilities

                  

TOB Trust Certificates

    $             —        $ (147,625,589 )       $         —        $ (147,625,589 ) 

VMTP Shares at Liquidation Value

      —          (302,700,000 )         —          (302,700,000 ) 
  

 

 

       

 

 

       

 

 

       

 

 

  
   $ —        $ (450,325,589 )       $ —        $ (450,325,589 ) 
  

 

 

       

 

 

       

 

 

       

 

 

  

 

Portfolio Abbreviation    Portfolio Abbreviation (continued)
AGM    Assured Guaranty Municipal Corp.    CAB    Capital Appreciation Bonds
AMT    Alternative Minimum Tax    COP    Certificates of Participation
ARB    Airport Revenue Bonds    FHA    Federal Housing Administration
BAM    Build America Mutual Assurance Co.    FHLMC                        Federal Home Loan Mortgage Corp.
BAM-TCRS    Build America Mutual Assurance Co.- Transferable    FNMA    Federal National Mortgage Association
       Custodial Receipts    GNMA    Government National Mortgage Association

 

 

S C H E D U L E    O F    I N V E S T M E N T  S   12

Schedule of Investments  (unaudited) (continued)

November 30, 2021

   

BlackRock Municipal Income Trust II (BLE)

 

Portfolio Abbreviation (continued)
GO    General Obligation Bonds
GTD    GTD Guaranteed
HUD SECT 8    U.S. Department of Housing and Urban Development
       Section 8
M/F    Multi-Family
NPFGC    National Public Finance Guarantee Corp.
RB    Revenue Bond
S/F    Single-Family
SAB    Special Assessment Bonds
SAW    State Aid Withholding
SONYMA    State of New York Mortgage Agency
TA    Tax Allocation

 

 

13