NPORT-EX 2 NPORT_903184608097575.htm BlackRock MuniVest Fund II

Schedule of Investments  (unaudited)

January 31, 2020

   

BlackRock MuniVest Fund II, Inc. (MVT)

(Percentages shown are based on Net Assets)

 

Security   Par
(000)		     Value  

Municipal Bonds — 127.5%

 

Alabama — 1.5%

 

County of Jefferson Alabama Sewer, Refunding RB:

    

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

   $ 805     $ 905,237  

Sub-Lien, Series D, 6.00%, 10/01/42

     3,575       4,226,866  
   

 

 

  
      5,132,103  
Alaska — 0.1%  

Northern Tobacco Securitization Corp., Refunding RB, Tobacco Settlement, Asset-Backed, Series A, 4.63%, 06/01/23

     175       175,229  
   

 

 

  
Arizona — 1.0%  

City of Phoenix Arizona IDA, RB, Legacy Traditional Schools Projects, Series A, 5.00%, 07/01/46(a)

     1,685       1,829,876  

City of Phoenix Civic Improvement Corp., ARB, Series A, 4.00%, 07/01/45

     1,295       1,467,442  
   

 

 

  
      3,297,318  
Arkansas — 0.8%  

Arkansas Development Finance Authority, RB, Big River Steel Project, AMT, 4.50%, 09/01/49(a)

     2,455       2,661,539  
   

 

 

  
California — 7.9%  

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

     2,095       3,394,717  

California Health Facilities Financing Authority, RB, Sutter Health, Series B, 6.00%, 08/15/20(b)

     3,170       3,256,446  

California Health Facilities Financing Authority, Refunding RB, St. Joseph Health System, Series A, 5.00%, 07/01/33

     890       1,006,368  

California Municipal Finance Authority, ARB, Senior Lien-Linxs APM Project, AMT, 4.00%, 12/31/47

     1,475       1,626,084  

California Municipal Finance Authority, RB, Senior, Caritas Affordable Housing, Inc. Projects, S/F Housing, Series A:

    

5.25%, 08/15/39

     145       165,062  

5.25%, 08/15/49

     370       415,207  

California Municipal Finance Authority, Refunding RB, Community Medical Centers, Series A, 5.00%, 02/01/42

     225       269,854  
Security   Par
(000)		     Value  
California (continued)  

California Pollution Control Financing Authority, RB, Poseidon Resources (Channel Side) LP Desalination Project, AMT, 5.00%, 11/21/45(a)

   $ 1,495     $ 1,620,266  

California Statewide Communities Development Authority, RB, Loma Linda University Medical Center, Series A(a):

    

5.00%, 12/01/41

     290       329,965  

5.00%, 12/01/46

     455       515,069  

City of Los Angeles California Department of Airports, Refunding ARB, Los Angeles International Airport, Senior, Series A, 5.00%, 05/15/40

     5,930       5,996,297  

City of Stockton California Public Financing Authority, RB, Delta Water Supply Project, Series A,
6.25%, 10/01/23(b)

     360       429,757  

Golden State Tobacco Securitization Corp., Refunding RB, Series A-1, 5.00%, 06/01/47

     2,745       2,886,752  

San Marcos Unified School District, GO, CAB, Election of 2010, Series B, 0.00%, 08/01/42(c)

     2,000       1,144,120  

State of California, GO, Various Purposes, 6.00%, 03/01/33

     2,525       2,537,953  

State of California Public Works Board, LRB, Various Capital Projects, Series I, 5.00%, 11/01/38

     775       884,314  
   

 

 

  
      26,478,231  
Colorado — 1.7%  

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

     1,705       2,234,215  

Colorado Health Facilities Authority, RB, Common spirit Health, Series A, 4.00%, 08/01/49

     1,460       1,620,104  

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

     305       339,816  
 

 

 

     1  

Schedule of Investments  (unaudited) (continued)

January 31, 2020

   

BlackRock MuniVest Fund II, Inc. (MVT)

(Percentages shown are based on Net Assets)

 

Security   Par
(000)		     Value  
Colorado (continued)  

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

   $ 1,275     $ 1,459,199  
   

 

 

  
      5,653,334  
Connecticut — 1.1%  

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

     3,120       3,625,409  
   

 

 

  
Delaware — 2.0%  

County of Sussex Delaware, RB, NRG Energy, Inc., Indian River Power LLC Project, 6.00%, 10/01/40

     1,125       1,163,025  

Delaware Transportation Authority, RB, U.S. 301 Project, 5.00%, 06/01/55

     1,165       1,340,775  

State of Delaware EDA, RB, Exempt Facilities, Indian River Power LLC Project, 5.38%, 10/01/45

     4,065       4,151,422  
   

 

 

  
      6,655,222  
District of Columbia — 5.8%  

District of Columbia, Refunding RB:

    

Georgetown University, 5.00%, 04/01/35

     435       532,375  

Georgetown University Issue, 5.00%, 04/01/42

     355       427,647  

Kipp Charter School, Series A, 6.00%, 07/01/23(b)

     240       280,531  

The Catholic University of America Issue, 5.00%, 10/01/48

     2,315       2,790,848  

Metropolitan Washington Airports Authority, Refunding ARB:

    

Dulles Metrorail And Capital Improvement Projects, Series A, 5.00%, 10/01/53

     2,010       2,146,720  

Dulles Toll Road, CAB, 2nd Senior Lien, Series B (AGC), 0.00%, 10/01/35(c)

     6,515       4,344,072  

Metropolitan Washington Airports Authority, Refunding RB, Dulles Toll Road, CAB, 2nd Senior Lien, Series B (AGC)(c):

    

0.00%, 10/01/33

     6,590       4,734,190  

0.00%, 10/01/34

     4,830       3,343,713  
Security   Par
(000)		     Value  
District of Columbia (continued)  

Metropolitan Washington Airports Authority Dulles Toll Road Revenue, Refunding RB, Subordinate, Dulles Metrorail And Capital Improvement Projects, Series B, 4.00%, 10/01/53

   $ 765     $ 866,699  
   

 

 

  
      19,466,795  
Florida — 5.7%  

Celebration Pointe Community Development District, Special Assessment Bonds, County of Alachua Florida(a):

    

5.00%, 05/01/32

     470       516,257  

5.00%, 05/01/48

     1,175       1,255,182  

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

     1,340       1,540,799  

County of Collier Health Facilities Authority, RB, Moorings, Inc., Series A, 5.00%, 05/01/48

     1,190       1,428,512  

County of Miami-Dade Florida Aviation, Refunding ARB, Miami International Airport, Series A-1, 5.38%, 10/01/20(b)

     1,165       1,199,076  

County of Palm Beach Health Facilities Authority, RB, Acts Retirement-Life Communities, Inc., 5.00%, 11/15/45

     4,500       5,244,930  

County of Volusia Educational Facility Authority, Refunding RB, Embry Riddle Aeronautical Project:

    

5.00%, 10/15/44

     575       711,574  

5.00%, 10/15/49

     1,175       1,442,665  

Mid-Bay Florida Bridge Authority, RB, Springing Lien, Series A, 7.25%, 10/01/21(b)

     3,015       3,322,620  

Village Community Development District No.10, Special Assessment Bonds, 5.13%, 05/01/43

     2,170       2,320,186  
   

 

 

  
      18,981,801  
Georgia — 4.5%  

Country of Fulton Development Authority, Refunding RB, Robert W. Woodruff Arts Center, Inc. Project, 4.00%, 03/15/44

     5,000       5,364,450  

County of Gainesville Georgia & Hall Hospital Authority, Refunding RB, Northeast Georgia Health System, Inc. Project, Series A (GTD), 5.50%, 08/15/54

     515       608,045  
 

 

 

2   

Schedule of Investments  (unaudited) (continued)

January 31, 2020

   

BlackRock MuniVest Fund II, Inc. (MVT)

(Percentages shown are based on Net Assets)

 

Security   Par
(000)		     Value  
Georgia (continued)  

Glynn-Brunswick Memorial Hospital Authority, RB, Southeast Georgia Health System Project, 5.00%, 08/01/47

   $ 2,500     $ 2,943,950  

Main Street Natural Gas, Inc., RB, Series A:

    

5.00%, 05/15/35

     490       665,400  

5.00%, 05/15/36

     490       672,148  

5.00%, 05/15/37

     540       748,364  

5.00%, 05/15/38

     295       412,035  

5.00%, 05/15/49

     985       1,418,991  

Municipal Electric Authority of Georgia, RB, Plant Vogtle Units 3 & 4 Project, 4.00%, 01/01/49

     1,560       1,700,307  

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

     610       671,372  
   

 

 

  
      15,205,062  
Hawaii — 0.4%  

State of Hawaii Harbor System, ARB, Series A, 5.25%, 07/01/30

     1,355       1,379,282  
   

 

 

  
Idaho — 0.3%  

Idaho Health Facilities Authority, RB, Trinity Health Credit Group, Series A, 5.00%, 12/01/46

     745       900,839  
   

 

 

  
Illinois — 14.6%  

Chicago Board of Education, GO, Series D:

    

Dedicated Revenues, Series H, 5.00%, 12/01/36

     450       527,108  

Project, Series C, 5.25%, 12/01/35

     1,465       1,644,697  

Chicago Board of Education, GO, Refunding:

    

Dedicated Revenues, Series C, 5.00%, 12/01/25

     815       953,754  

Dedicated Revenues, Series F, 5.00%, 12/01/24

     615       704,476  

Dedicated Revenues, Series G, 5.00%, 12/01/34

     450       530,275  

Series C, 5.00%, 12/01/25

     645       754,811  

Chicago Board of Education, GO:

    

5.00%, 12/01/46

     535       623,869  

5.00%, 12/01/46

     1,380       1,491,601  

City of Chicago Illinois, Special Assessment Bonds, Lake Shore East Project, 6.75%, 12/01/32

     770       771,748  

City of Chicago Illinois O’Hare International Airport, GARB, 3rd Lien, Series C, 6.50%, 01/01/21(b)

     5,865       6,161,710  
Security   Par
(000)		     Value  
Illinois (continued)  

City of Chicago Illinois Transit Authority, RB, Sales Tax Receipts, 5.25%, 12/01/40

   $ 1,050     $ 1,117,788  

City of Chicago Illinois Waterworks, Refunding RB:

    

2nd Lien (AGM), 5.25%, 11/01/33

     260       260,749  

2nd Lien Project, 5.00%, 11/01/42

     915       990,579  

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

     805       900,755  

Illinois Finance Authority, RB, Chicago LLC, University of Illinois at Chicago Project, Series A:

    

5.00%, 02/15/47

     200       227,576  

5.00%, 02/15/50

     100       113,438  

Metropolitan Pier & Exposition Authority, Refunding RB:

    

McCormick Place Expansion Project, 4.00%, 06/15/50(d)

     1,340       1,475,206  

McCormick Place Expansion Project, 5.00%, 06/15/50(d)

     870       1,042,060  

Mccormick Place Expansion Project, Series B (AGM), 0.00%, 06/15/43(c)

     5,175       2,581,186  

McCormick Place Expansion Project, Series B (AGM), 5.00%, 06/15/50

     4,315       4,371,483  

McCormick Place Expansion Project, Series B-2, 5.00%, 06/15/50

     2,500       2,535,175  

Railsplitter Tobacco Settlement Authority, RB, 6.00%, 06/01/21(b)

     1,140       1,216,437  

Regional Transportation Authority, RB:

    

Series A (AMBAC), 7.20%, 11/01/20

     180       188,140  

Series A (NPFGC), 6.70%, 11/01/21

     1,765       1,887,491  

Series C (NPFGC), 7.75%, 06/01/20

     505       515,868  

State of Illinois, GO:

    

5.00%, 02/01/39

     1,540       1,700,283  

Series A, 5.00%, 04/01/35

     3,000       3,265,530  

Series A, 5.00%, 04/01/38

     3,490       3,790,733  

State of Illinois Toll Highway Authority, RB, Series C, 5.00%, 01/01/37

     2,800       3,266,704  

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

     985       1,109,337  
 

 

 

     3  

Schedule of Investments  (unaudited) (continued)

January 31, 2020

   

BlackRock MuniVest Fund II, Inc. (MVT)

(Percentages shown are based on Net Assets)

 

Security   Par
(000)		     Value  
Illinois (continued)  

Village of Hodgkins Illinois, RB, Metropolitan Biosolids Management LLC Project, AMT, 6.00%, 11/01/23

   $ 1,975     $ 1,981,912  
   

 

 

  
      48,702,479  
Indiana — 3.2%  

City of Valparaiso Indiana, RB, Exempt Facilities, Pratt Paper LLC Project, AMT:

    

6.75%, 01/01/34

     790       919,386  

7.00%, 01/01/44

     1,905       2,219,858  

Indiana Finance Authority, RB, Series A:

    

CWA Authority Project, 1st Lien, 5.25%, 10/01/38

     3,280       3,494,906  

Private Activity Bond, Ohio River Bridges East End Crossing Project, AMT, 5.00%, 07/01/44

     450       494,676  

Private Activity Bond, Ohio River Bridges East End Crossing Project, AMT, 5.00%, 07/01/48

     1,430       1,570,083  

Private Activity Bond, Ohio River Bridges East End Crossing Project, AMT, 5.25%, 01/01/51

     405       448,031  

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

     1,270       1,404,214  
   

 

 

  
      10,551,154  
Iowa — 1.2%  

Iowa Finance Authority, Refunding RB, Iowa Fertilizer Co. Project:

    

Series B, 5.25%, 12/01/50(e)

     2,810       3,112,525  

Midwestern Disaster Area, 5.25%, 12/01/25

     460       513,797  

Midwestern Disaster Area, 5.88%, 12/01/26(a)

     410       427,843  
   

 

 

  
      4,054,165  
Kentucky — 1.2%  

Kentucky Economic Development Finance Authority, RB, Catholic Health Initiatives, Series A, 5.25%, 01/01/23(b)

     995       1,117,803  

Kentucky Economic Development Finance Authority, Refunding RB, Louisville Arena Authority, Inc. (AGM), 5.00%, 12/01/45

     1,235       1,458,041  
Security   Par
(000)		     Value  
Kentucky (continued)  

Kentucky Public Transportation Infrastructure Authority, RB, Downtown Crossing Project, Convertible CAB, 1st Tier, Series C, 6.75%, 07/01/43(f)

   $ 1,200     $ 1,367,136  
   

 

 

  
      3,942,980  
Louisiana — 3.2%  

Louisiana Local Government Environmental Facilities & Community Development Authority, RB, Westlake Chemical Corp. Project, Series A-1, 6.50%, 11/01/35

     3,320       3,435,237  

Louisiana Public Facilities Authority, Refunding RB, Tulane University of Louisiana Project, 4.00%, 12/15/50

     2,000       2,237,080  

Tobacco Settlement Financing Corp., Refunding RB, Asset-Backed, Series A:

    

5.50%, 05/15/30

     1,020       1,033,229  

5.25%, 05/15/31

     870       908,750  

5.25%, 05/15/32

     1,110       1,195,970  

5.25%, 05/15/33

     1,205       1,297,701  

5.25%, 05/15/35

     505       558,974  
   

 

 

  
      10,666,941  
Maryland — 0.6%  

Maryland EDC, Refunding RB, CNX Marine Terminals, Inc., 5.75%, 09/01/25

     750       765,705  

Maryland Health & Higher Educational Facilities Authority, RB:

    

Trinity Health Credit Group, Series 2017, 5.00%, 12/01/46

     420       513,009  

University of Maryland Medical System, Series B (NPFGC), 7.00%, 07/01/22(g)

     525       587,029  
   

 

 

  
      1,865,743  
Massachusetts — 1.1%  

Massachusetts Development Finance Agency, Refunding RB, New Bridge Charles, Inc.(a):

    

4.00%, 10/01/32

     215       233,275  

4.13%, 10/01/42

     470       500,588  

5.00%, 10/01/57

     340       372,565  

Massachusetts Housing Finance Agency, RB, M/F Housing, Series C-1:

    

3.15%, 12/01/49

     550       565,515  
 

 

 

4   

Schedule of Investments  (unaudited) (continued)

January 31, 2020

   

BlackRock MuniVest Fund II, Inc. (MVT)

(Percentages shown are based on Net Assets)

 

Security   Par
(000)		     Value  
Massachusetts (continued)  

3.25%, 12/01/54

   $ 2,030     $ 2,092,301  
   

 

 

  
      3,764,244  
Michigan — 3.7%  

City of Detroit Michigan Sewage Disposal System, Refunding RB, Senior Lien, Series A, 5.25%, 07/01/39

     4,425       4,837,543  

Kalamazoo Hospital Finance Authority, Refunding RB, Bronson Methodist Hospital, 5.50%, 05/15/36

     620       627,917  

Michigan Finance Authority, Refunding RB:

    

Detroit Water & Sewage Department Project, Senior Lien, Series C-1, 5.00%, 07/01/44

     880       953,321  

Series A, 4.00%, 12/01/49

     810       923,894  

Trinity Health Credit Group, 5.00%, 12/01/48

     2,000       2,449,960  

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

     990       1,236,936  

Michigan Strategic Fund, RB, I-75 Improvement Projects, AMT, 5.00%, 06/30/48

     1,070       1,287,467  
   

 

 

  
      12,317,038  
Minnesota — 1.4%  

Duluth Economic Development Authority, Refunding RB, Essentia Health Obligated Group, Series A:

    

4.25%, 02/15/48

     2,020       2,278,863  

5.25%, 02/15/53

     2,045       2,469,092  
   

 

 

  
      4,747,955  
Mississippi — 3.1%  

County of Lowndes Mississippi, Refunding RB, Solid Waste Disposal & Pollution Control, Weyerhaeuser Co. Project, Series A, 6.80%, 04/01/22

     3,000       3,343,320  

State of Mississippi, RB, Series A:

    

5.00%, 10/15/37

     1,000       1,246,560  

4.00%, 10/15/38

     5,000       5,673,250  
   

 

 

  
      10,263,130  
Missouri — 2.0%  

Bi-State Development Agency of the Missouri-Illinois Metropolitan District, Refunding RB, Combined Lien, Series A, 5.00%, 10/01/44

     255       277,471  
Security   Par
(000)		     Value  
Missouri (continued)  

State of Missouri Health & Educational Facilities Authority, RB, Kansas City Art Institute, 5.00%, 09/01/48

   $ 2,610     $ 3,152,149  

State of Missouri Health & Educational Facilities Authority, Refunding RB:

    

Mercy Health, Series C, 5.00%, 11/15/47

     2,570       3,064,776  

St. Louis College of Pharmacy Project, 5.50%, 05/01/43

     245       266,156  
   

 

 

  
      6,760,552  
Nebraska — 0.7%  

Central Plains Nebraska Energy Project, RB, Gas Project No. 3:

    

5.25%, 09/01/37

     825       905,116  

5.00%, 09/01/42

     1,445       1,576,220  
   

 

 

  
      2,481,336  
New Hampshire — 0.7%  

New Hampshire Business Finance Authority, Refunding RB, Resource Recovery, Covanta
Project(a):

    

Series B, 4.63%, 11/01/42

     1,545       1,606,275  

Series C, AMT, 4.88%, 11/01/42

     805       838,617  
   

 

 

  
      2,444,892  
New Jersey — 15.3%  

Casino Reinvestment Development Authority, Inc., Refunding RB:

    

5.25%, 11/01/39

     1,675       1,825,180  

5.25%, 11/01/44

     1,525       1,655,952  

County of Essex New Jersey Improvement Authority, RB, AMT, 5.25%, 07/01/45(a)

     1,085       1,094,830  

New Jersey EDA, RB:

    

Continental Airlines, Inc. Project, AMT, 5.25%, 09/15/29

     1,955       2,136,580  

School Facilities Construction, 5.00%, 06/15/49

     2,295       2,732,817  

Series EEE, 5.00%, 06/15/48

     3,690       4,333,425  

Transit transportation Project, 4.00%, 11/01/38

     510       571,292  

Transit transportation Project, 4.00%, 11/01/39

     405       452,515  

New Jersey EDA, Refunding ARB, Port Network Container Terminal LLC Project, AMT, 5.00%, 10/01/47

     1,425       1,648,383  

New Jersey EDA, Refunding, Special Assessment Bonds, Kapkowski Road Landfill Project, 5.75%, 04/01/31

     2,240       2,585,901  

New Jersey State Turnpike Authority, RB:

    

Series A, 5.00%, 01/01/43

     740       804,003  

Series E, 5.00%, 01/01/45

     2,615       3,055,261  
 

 

 

     5  

Schedule of Investments  (unaudited) (continued)

January 31, 2020

   

BlackRock MuniVest Fund II, Inc. (MVT)

(Percentages shown are based on Net Assets)

 

Security   Par
(000)		     Value  
New Jersey (continued)  

New Jersey Transportation Trust Fund Authority, RB:

    

Series BB, 4.00%, 06/15/50

   $ 1,490     $ 1,598,919  

Series BB, 5.00%, 06/15/50

     4,120       4,851,382  

Transportation Program, Series AA, 5.00%, 06/15/44

     445       494,929  

Transportation Program, Series AA, 5.00%, 06/15/44

     825       899,036  

Transportation System, Series A, 5.50%, 06/15/21(b)

     1,635       1,736,975  

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

     2,460       2,576,407  

Tobacco Settlement Financing Corp., Refunding RB:

    

Series A, 5.25%, 06/01/46

     525       624,367  

Sub-Series B, 5.00%, 06/01/46

     13,345       15,340,478  
   

 

 

  
      51,018,632  
New York — 9.0%  

City of New York Transitional Finance Authority Future Tax Secured Revenue, RB, Fiscal 2012, Sub-Series E-1, 5.00%, 02/01/42

     1,960       2,107,470  

Counties of New York Tobacco Trust IV, Refunding RB, Settlement Pass-Through Turbo, Series A, 6.25%, 06/01/41(a)

     1,800       1,817,640  

Erie Tobacco Asset Securitization Corp., Refunding RB, Asset-Backed, Series A, 5.00%, 06/01/45

     1,960       1,961,137  

New York City Water & Sewer System, RB, 2nd Generation Resolution, Series CC-1, 4.00%, 06/15/49

     1,150       1,334,357  

New York Counties Tobacco Trust IV, Refunding RB, Tobacco Settlement Pass-Through Bonds, Series A, 5.00%, 06/01/38

     1,910       1,910,592  

New York Liberty Development Corp., RB, World Trade Center Port Authority Consolidated, 5.25%, 12/15/43

     10,735       11,596,806  

New York Liberty Development Corp., Refunding RB, 3 World Trade Center Project(a):

    

Class 1, 5.00%, 11/15/44

     2,860       3,141,395  

Class 2, 5.15%, 11/15/34

     340       380,705  

Class 2, 5.38%, 11/15/40

     850       955,341  

Port Authority of New York & New Jersey, ARB, Special Project, JFK International Air Terminal LLC Project, Series 8:

    

6.00%, 12/01/36

     1,165       1,215,514  

6.00%, 12/01/42

     1,250       1,293,025  
Security   Par
(000)		     Value  
New York (continued)  

State of New York Environmental Facilities Corp., RB, Subordinated SRF Bonds, Series B, 5.00%, 06/15/48

   $ 1,780     $ 2,218,218  
   

 

 

  
      29,932,200  
North Carolina — 0.4%  

North Carolina Medical Care Commission, Refunding RB, 1st Mortgage, Retirement Facilities Whitestone Project, Series A, 7.75%, 03/01/21(b)

     595       638,703  

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

     530       809,368  
   

 

 

  
      1,448,071  
North Dakota — 0.3%  

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

     950       1,137,939  
   

 

 

  
Ohio — 1.8%  

Buckeye Tobacco Settlement Financing Authority, RB, Asset-Backed, Senior Turbo Term, Series A-2, 5.88%, 06/01/47

     3,230       3,244,276  

County of Franklin Ohio, RB:

    

Health Care Facilities Improvement, OPRS Communities Obligation Group, Series A, 6.13%, 07/01/40

     660       723,888  

Series A, 4.00%, 12/01/49

     505       574,357  

Trinity Health Credit Group, Series 2017, 5.00%, 12/01/46

     400       480,028  

Ohio Air Quality Development Authority, RB, AMG Vanadium Project, AMT, 5.00%, 07/01/49(a)

     730       828,178  

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

     275       309,933  
   

 

 

  
      6,160,660  
Oklahoma — 1.8%  

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

     2,050       2,278,186  

Oklahoma Development Finance Authority, RB, OU Medicine Project, Series B, 5.50%, 08/15/57

     1,155       1,409,377  
 

 

 

6   

Schedule of Investments  (unaudited) (continued)

January 31, 2020

   

BlackRock MuniVest Fund II, Inc. (MVT)

(Percentages shown are based on Net Assets)

 

Security   Par
(000)		     Value  
Oklahoma (continued)  

Oklahoma Turnpike Authority, RB, 2nd Series C, 4.00%, 01/01/42

   $ 1,950     $ 2,196,909  
   

 

 

  
      5,884,472  
Pennsylvania — 3.4%  

Allentown Neighborhood Improvement Zone Development Authority, RB, Subordinate, City Center Project(a):

    

5.00%, 05/01/28

     225       241,677  

5.13%, 05/01/32

     230       260,510  

5.38%, 05/01/42

     435       493,412  

City of Philadelphia Pennsylvania Hospitals & Higher Education Facilities Authority, RB, Temple University Health System, Series A, 5.63%, 07/01/42

     635       685,959  

County of Montgomery Higher Education & Health Authority, Refunding RB, Thomas Jefferson University, Series A:

    

4.00%, 09/01/49

     555       617,232  

5.00%, 09/01/43

     1,220       1,482,666  

Lancaster IDA, RB, Willow Valley Communities Project, 5.00%, 12/01/49

     1,300       1,523,574  

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

     850       974,941  

Pennsylvania Economic Development Financing Authority, Refunding RB, National Gypsum Co., AMT, 5.50%, 11/01/44

     1,035       1,098,528  

Pennsylvania Higher Educational Facilities Authority, RB, University of Pennsylvania Health System Obligation, 4.00%, 08/15/49

     2,305       2,643,812  

Pennsylvania Turnpike Commission, RB, Series A, 5.00%, 12/01/44

     1,105       1,275,943  
   

 

 

  
      11,298,254  
Puerto Rico — 5.7%  

Children’s Trust Fund, Refunding RB, Tobacco Settlement Asset-Backed Bonds:

    

5.50%, 05/15/39

     675       686,407  

5.63%, 05/15/43

     690       701,654  

Puerto Rico Commonwealth Aqueduct & Sewer Authority, RB, Senior Lien, Series A:

    

5.00%, 07/01/33

     2,430       2,584,985  

5.13%, 07/01/37

     695       741,058  
Security   Par
(000)		     Value  
Puerto Rico (continued)  

Puerto Rico Commonwealth Aqueduct & Sewer Authority, Refunding RB, Senior Lien, Series A:

    

6.00%, 07/01/38

   $ 720     $ 734,789  

6.00%, 07/01/44

     1,305       1,331,818  

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

    

Series A-1, 4.75%, 07/01/53

     1,554       1,719,423  

Series A-1, 5.00%, 07/01/58

     6,289       7,063,302  

Series A-2, 4.33%, 07/01/40

     85       92,285  

Series A-2, 4.78%, 07/01/58

     2,941       3,252,275  
   

 

 

  
      18,907,996  
Rhode Island — 2.1%  

Tobacco Settlement Financing Corp., Refunding RB:

    

Series A, 5.00%, 06/01/35

     820       934,407  

Series B, 4.50%, 06/01/45

     2,645       2,779,022  

Series B, 5.00%, 06/01/50

     2,945       3,175,299  
   

 

 

  
      6,888,728  
South Carolina — 6.2%  

South Carolina Jobs EDA, Refunding RB:

    

Anmed Health Project, 5.00%, 02/01/36

     2,505       2,926,767  

Prisma Health Obligated Group, Series A, 5.00%, 05/01/48

     3,060       3,629,925  

State of South Carolina Ports Authority, ARB, 5.25%, 07/01/20(b)

     3,280       3,338,351  

State of South Carolina Public Service Authority, RB, Santee Cooper, Series A, 5.50%, 12/01/54

     6,180       7,013,064  

State of South Carolina Public Service Authority, Refunding RB:

    

Series A, 5.00%, 12/01/50

     1,430       1,629,685  

Series E, 5.25%, 12/01/55

     1,735       2,010,466  
   

 

 

  
      20,548,258  
Tennessee — 1.0%  

City of Chattanooga Health Educational & Housing Facility Board, RB, Catholic Health Initiatives, Series A, 5.25%, 01/01/23(b)

     995       1,117,007  

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

     160       178,264  

County of Nashville & Davidson Metropolitan Government Health & Educational Facilities Board, RB, Vanderbilt University Medical Center, Series A, 5.00%, 07/01/40

     690       820,355  
 

 

 

     7  

Schedule of Investments  (unaudited) (continued)

January 31, 2020

   

BlackRock MuniVest Fund II, Inc. (MVT)

(Percentages shown are based on Net Assets)

 

Security   Par
(000)		     Value  
Tennessee (continued)  

County of Nashville & Davidson Metropolitan Government Health & Educational Facilities Board, Refunding RB, Lipscomb University Project, Series A, 5.25%, 10/01/58

   $ 955     $ 1,157,622  
   

 

 

  
      3,273,248  
Texas — 6.9%  

Central Texas Regional Mobility Authority, Refunding RB, Senior Lien, 6.25%, 01/01/21(b)

     2,140       2,243,019  

City of Houston Texas Airport System, Refunding ARB, United Airlines, Inc. Terminal E Project, AMT, 5.00%, 07/01/29

     965       1,085,905  

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

     1,155       1,442,064  

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

     745       855,983  

County of Fort Bend Texas Industrial Development Corp., RB, NRG Energy Inc. Project, Series B, 4.75%, 11/01/42

     670       715,513  

County of Harris Texas Cultural Education Facilities Finance Corp., RB, 1st Mortgage, Brazos Presbyterian Homes, Inc. Project, Series B, 7.00%, 01/01/23(b)

     455       534,748  

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

     4,545       5,500,541  

County of Tarrant Texas Cultural Education Facilities Finance Corp., Refunding RB, Trinity Terrace Project, 5.00%, 10/01/49

     1,000       1,110,360  

New Hope Cultural Education Facilities Finance Corp., Refunding RB, Jubilee Academic Center, Series A, 5.00%, 08/15/46(a)

     1,980       2,020,610  

North Texas Tollway Authority, Refunding RB, Series A, 5.00%, 01/01/38

     925       1,078,818  

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

     2,470       3,036,667  

Texas Private Activity Bond Surface Transportation Corp., RB, Senior Lien, LBJ Infrastructure Group LLC, 7.00%, 06/30/40

     2,000       2,050,180  
Security   Par
(000)		     Value  
Texas (continued)  

Texas Transportation Commission, RB, First Tier Toll Revenue, 5.00%, 08/01/57

   $ 1,140     $ 1,337,972  
   

 

 

  
      23,012,380  
Utah — 0.6%  

City of Salt Lake Corp. Airport Revenue, ARB, Series A, AMT:

    

5.00%, 07/01/48

     875       1,055,950  

5.00%, 07/01/47

     915       1,090,854  
   

 

 

  
      2,146,804  
Virginia — 1.8%  

County of Front Royal & Warren IDA, RB, Valley Health System Obligated Group, 4.00%, 01/01/50

     1,160       1,259,899  

Lexington Industrial Development Authority, RB, Kendal st Lexington, Series A, 5.00%, 01/01/48

     820       886,748  

Virginia Small Business Financing Authority, RB, Senior Lien, Elizabeth River Crossings OpCo LLC Project, AMT:

    

5.25%, 01/01/32

     1,615       1,759,526  

6.00%, 01/01/37

     1,940       2,144,612  
   

 

 

  
      6,050,785  
Washington — 1.7%  

Port of Seattle Washington, ARB, Series A, AMT, 5.00%, 05/01/43

     1,465       1,748,229  

Port of Seattle Washington, RB, Intermediate Lien, Series C, AMT, 5.00%, 04/01/40

     755       864,082  

Washington Health Care Facilities Authority, RB, Catholic Health Initiatives, Series A, 5.75%, 01/01/45

     2,290       2,580,555  

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

     340       378,811  
   

 

 

  
      5,571,677  

Total Municipal Bonds — 127.5%
(Cost — $385,322,495)

 

     425,454,877  
   

 

 

  

Municipal Bonds Transferred to Tender Option Bond Trusts(h) — 29.1%

 

California — 2.1%

 

Bay Area Toll Authority, Refunding RB, San Francisco Bay Area Toll Bridge,
4.00%, 04/01/42(i)

     3,056       3,451,495  
 

 

 

8   

Schedule of Investments  (unaudited) (continued)

January 31, 2020

   

BlackRock MuniVest Fund II, Inc. (MVT)

(Percentages shown are based on Net Assets)

 

Security   Par
(000)		     Value  
California (continued)  

Sacramento Area Flood Control Agency, Refunding, Consolidated Capital Assessment District No. 2 Bonds, 5.00%, 10/01/47

   $ 3,075     $ 3,714,044  
   

 

 

  
      7,165,539  
Colorado — 0.8%  

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

     2,252       2,783,404  
   

 

 

  
Florida — 1.7%  

County of Miami-Dade Florida, RB, Water & Sewer System, 5.00%, 10/01/20

     5,679       5,831,707  
   

 

 

  
Georgia — 1.1%  

County of Dalton Whitfield Joint Development Authority, RB, Hamilton Health Care System Obligation, 4.00%, 08/15/48

     1,821       2,003,374  

Georgia Housing & Finance Authority, Refunding RB, S/F Mortgage Bonds, Series A, 3.60%, 12/01/44

     1,442       1,538,862  
   

 

 

  
      3,542,236  
Illinois — 1.1%  

Illinois Finance Authority, Refunding RB, Presence Health Network, Series C:

    

4.00%, 02/15/27

     6       6,895  

4.00%, 02/15/41

     3,219       3,564,550  
   

 

 

  
      3,571,445  
Massachusetts — 3.0%  

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

     2,042       2,268,789  

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

     4,574       5,416,208  

Massachusetts School Building Authority, RB, Senior, Series B, 5.00%, 10/15/21

     2,266       2,425,034  
   

 

 

  
      10,110,031  
New York — 8.9%  

Hudson Yards Infrastructure Corp., RB, Senior-Fiscal 2012(i):

    

5.75%, 02/15/21

     997       1,044,766  

5.75%, 02/15/47

     613       642,708  

New York Liberty Development Corp., Refunding RB, 4 World Trade Center Project, 5.75%, 11/15/51(i)

     6,440       6,964,532  
Security   Par
(000)		     Value  
New York (continued)  

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

   $ 5,956     $ 6,908,352  

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

     2,884       3,296,874  

Port Authority of New York & New Jersey, Refunding ARB, Series194th, 5.25%, 10/15/55

     2,595       3,131,465  

State of New York Urban Development Corp., RB, State Personal Income Tax, General Purpose, Series A, 4.00%, 03/15/46

     6,617       7,587,451  
   

 

 

  
      29,576,148  
North Carolina — 0.9%  

North Carolina Capital Facilities Finance Agency, Refunding RB, Duke University Project, Series B, 5.00%, 10/01/55

     2,550       3,036,719  
   

 

 

  
Pennsylvania — 0.9%  

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

     2,340       2,870,501  
   

 

 

  
Rhode Island — 0.5%  

Narragansett Bay Commission, Refunding RB, Wastewater System, Series A, 4.00%, 09/01/43

     1,530       1,615,955  
   

 

 

  
Texas — 5.6%  

City of San Antonio Texas Electric and Gas Systems, RB, Junior Lien, 5.00%, 02/01/43

     2,520       2,800,818  

County of Harris Texas Metropolitan Transit Authority, Refunding RB, Series A, 5.00%, 11/01/41

     3,400       3,621,238  

Lower Colorado River Authority, Refunding RB, LCRA Transmission Services Corporation Project, 4.00%, 05/15/43

     2,030       2,126,108  

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

     6,900       7,984,887  
 

 

 

     9  

Schedule of Investments  (unaudited) (continued)

January 31, 2020

   

BlackRock MuniVest Fund II, Inc. (MVT)

(Percentages shown are based on Net Assets)

 

Security   Par
(000)		     Value  
Texas (continued)  

University of Texas, Refunding RB, Financing System, Series B, 5.00%, 08/15/43

   $ 1,831     $ 1,999,734  
   

 

 

  
    18,532,785  
Washington — 0.6%  

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

     1,798       2,034,497  
   

 

 

  
Wisconsin — 1.9%  

State of Wisconsin Health & Educational Facilities Authority, Refunding RB, The Medical College of Wisconsin, Inc., 4.00%, 12/01/46

     2,833       3,100,891  
Security   Par
(000)		     Value  
Wisconsin (continued)  

Wisconsin Health & Educational Facilities Authority, RB, Theda care, Inc., 4.00%, 12/15/49(i)

   $ 2,940     $ 3,294,711  
   

 

 

  
    6,395,602  
   

 

 

  

Total Municipal Bonds Transferred to Tender Option Bond Trusts — 29.1%
(Cost — $90,755,817)

 

     97,066,569  
   

 

 

  

Total Long-Term Investments — 156.6%
(Cost — $476,078,312)

 

     522,521,446  
   

 

 

  
     Shares         
Short-Term Securities — 2.1%  

BlackRock Liquidity Funds, MuniCash, Institutional Class, 0.81%(j)(k)

     6,795,989       6,797,348  
   

 

 

  

Total Short-Term Securities — 2.1%
(Cost — $6,797,348)

 

     6,797,348  
   

 

 

  

Total Investments — 158.7%
(Cost — $482,875,660)

 

     529,318,794  

Other Assets Less Liabilities — 0.3%

 

     1,100,313  

Liability for TOB Trust Certificates, Including Interest Expense and Fees Payable — (17.0)%

 

     (56,789,740 ) 

VMTP Shares, at Liquidation Value (42.0)%

 

     (140,000,000 ) 
   

 

 

  

Net Assets Applicable to Common Shares — 100.0%

 

   $ 333,629,367  
   

 

 

  
 
(a) 

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.

(b) 

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

(c) 

Zero-coupon bond.

(d) 

When-issued security.

(e) 

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

(f) 

Step-up bond that pays an initial coupon rate for the first period and then a higher coupon rate for the following periods. Rate as of period end.

(g) 

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

(h) 

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.

(i) 

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 August 15, 2020 to December 15, 2027, is $10,446,904.

(j) 

Annualized 7-day yield as of period end.

(k) 

During the period ended January 31, 2020, investments in issuers considered to be an affiliate/affiliates of the Trust for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

 

 

10   

Schedule of Investments  (unaudited) (continued)

January 31, 2020

   

BlackRock MuniVest Fund II, Inc. (MVT)

 

Affiliate    Shares
Held at
04/30/19		      Net
Activity		      Shares
Held at
01/31/20		      Value at
01/31/20		      Income      Net
Realized
Gain (Loss) (a)		      Change in
Unrealized
Appreciation
(Depreciation)		  

BlackRock Liquidity Funds, MuniCash, Institutional Class

      10,503,939        (3,707,950 )       6,795,989      $ 6,797,348      $ 105,536      $ (370 )     $ 1,045  
           

 

 

     

 

 

     

 

 

     

 

 

  

 

  (a) 

Includes net capital gain distributions, if applicable.

 

Portfolio Abbreviations

 

AGC    Assured Guarantee Corp.
AGM    Assured Guaranty Municipal Corp.
AMBAC    American Municipal Bond Assurance Corp.
AMT    Alternative Minimum Tax (subject to)
ARB    Airport Revenue Bonds
CAB    Capital Appreciation Bonds
COP    Certificates of Participation
EDA    Economic Development Authority
EDC    Economic Development Corp.
GARB    General Airport Revenue Bonds
GO    General Obligation Bonds
GTD    Guaranteed
IDA    Industrial Development Authority
LRB    Lease Revenue Bonds
M/F    Multi-Family
NPFGC    National Public Finance Guarantee Corp.
RB    Revenue Bonds
S/F    Single-Family
SRF    State Revolving Fund

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

      16          03/20/20        $ 2,107     $ (34,399 ) 

Long U.S. Treasury Bond

      130          03/20/20          21,259       (507,837 ) 

5-Year U.S. Treasury Note

      16          03/31/20          1,925       (18,755 ) 
              

 

 

  
               $ (560,991 ) 
              

 

 

  

 

 

     11  

Schedule of Investments  (unaudited) (continued)

January 31, 2020

   

BlackRock MuniVest Fund II, Inc. (MVT)

 

Fair Value Hierarchy as of Period End

Various inputs are used in determining the fair value of investments and derivative 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 investments and derivative 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 investments and derivative financial instruments is based on the pricing transparency of the investments and derivative 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 investments and derivative financial instruments, refer to the Fund’s most recent financial statements as contained in its semi-annual report.

The following tables summarize the Fund’s investments and derivative financial instruments categorized in the disclosure hierarchy:

 

      Level 1        Level 2        Level 3        Total  

Assets:

 

Investments:

 

Long-Term Investments(a)

    $ —        $ 522,521,446        $             —        $ 522,521,446  

Short-Term Securities

     6,797,348          —          —          6,797,348  
  

 

 

       

 

 

       

 

 

       

 

 

  
   $ 6,797,348        $ 522,521,446        $ —        $ 529,318,794  
  

 

 

       

 

 

       

 

 

       

 

 

  

Derivative Financial Instruments(b)

 

Liabilities:

 

Interest Rate Contracts

   $ (560,991 )       $ —        $ —        $ (560,991 ) 
  

 

 

       

 

 

       

 

 

       

 

 

  

 

  (a) 

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

 
  (b) 

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

   $             —        $ (56,636,891 )       $             —        $ (56,636,891 ) 

VMTP Shares at Liquidation Value

     —          (140,000,000 )         —          (140,000,000 ) 
  

 

 

       

 

 

       

 

 

       

 

 

  
   $ —        $ (196,636,891 )       $ —        $ (196,636,891 ) 
  

 

 

       

 

 

       

 

 

       

 

 

  

 

 

12