NPORT-EX 2 NPORT_3891633512034412.htm BlackRock MuniVest Fund II

Schedule of Investments (unaudited) 

January 31, 2021

   

BlackRock MuniVest Fund II, Inc. (MVT)

(Percentages shown are based on Net Assets)

 

Security  

Par

(000)

     Value  

Municipal Bonds

    
Alabama — 1.5%            

County of Jefferson Alabama Sewer Revenue, Refunding RB

    

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

   $ 805     $ 904,160  

Series D, Sub Lien, 6.00%, 10/01/42

     3,575       4,152,434  
   

 

 

  
      5,056,594  
Alaska — 0.0%            

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

     130       130,212  
   

 

 

  
Arizona — 0.7%            

Glendale Industrial Development Authority, RB

    

5.00%, 05/15/41

     90       101,957  

5.00%, 05/15/56

     360       405,097  

Industrial Development Authority of the City of Phoenix, RB, Series A, 5.00%, 07/01/46(a)

     1,685       1,787,650  
   

 

 

  
      2,294,704  
Arkansas — 0.8%            

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

         2,455       2,705,238  
   

 

 

  
California — 5.9%            

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

     2,095           3,416,170  

California Health Facilities Financing Authority, Refunding RB

    

Series A, 5.00%, 07/01/33

     890       989,110  

Series A, 4.00%, 04/01/45

     390       453,656  

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

     1,475       1,649,094  

California Municipal Finance Authority, RB, S/F Housing

    

Series A, 5.25%, 08/15/39

     145       159,683  

Series A, 5.25%, 08/15/49

     370       397,380  

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

     225       261,662  

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

     1,495       1,597,019  

California State Public Works Board, RB, Series I, 5.00%, 11/01/38

     775       872,898  

City of Los Angeles Department of Airports, RB(b)

 

5.00%, 05/15/31

     345       471,132  

5.00%, 05/15/32

     410       555,263  

5.00%, 05/15/33

     405       545,737  

5.00%, 05/15/34

     420       563,086  

5.00%, 05/15/35

     665       885,600  

5.00%, 05/15/38

     290       382,324  

5.00%, 05/15/39

     310       407,362  

5.00%, 05/15/40

     650       851,435  

5.00%, 05/15/41

     695       907,413  

Golden State Tobacco Securitization Corp., Refunding RB, Series A-2, 5.00%, 06/01/47

     2,745       2,855,239  

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

     2,000       1,285,640  

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

     360       418,586  
   

 

 

  
      19,925,489  
Security  

Par

(000)

     Value  
Colorado — 1.7%            

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

   $ 1,705     $ 2,267,053  

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

     1,765       2,024,208  

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

     1,275       1,504,615  
   

 

 

  
      5,795,876  
Connecticut — 0.2%            

State of Connecticut Special Tax Revenue, RB

    

Series A, 4.00%, 05/01/36

     330       400,019  

Series A, 4.00%, 05/01/39

     210       252,179  
   

 

 

  
      652,198  
Delaware — 0.4%            

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

     1,165       1,348,348  
   

 

 

  
District of Columbia — 6.0%            

District of Columbia, Refunding RB

    

5.00%, 04/01/35

     435       522,913  

5.00%, 10/01/48

     2,315       2,804,229  

Series A, 6.00%, 07/01/23(d)

     240       273,847  

Metropolitan Washington Airports Authority Dulles Toll Road Revenue, Refunding RB

    

Series A, 5.00%, 10/01/53

     2,010       2,086,541  

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

     765       869,530  

Metropolitan Washington Airports Authority Dulles Toll Road Revenue, Refunding RB, CAB(c)

    

Series B, 2nd Senior Lien, (AGC), 0.00%, 10/01/33

     6,590       5,142,968  

Series B, 2nd Senior Lien, (AGC), 0.00%, 10/01/34

     4,830       3,651,818  

Series B, 2nd Senior Lien, (AGC), 0.00%, 10/01/35

     6,515       4,764,029  
   

 

 

  
          20,115,875  
Florida — 6.1%            

Capital Projects Finance Authority, Refunding RB

    

Series A-1, 5.00%, 10/01/32

     195       227,817  

Series A-1, 5.00%, 10/01/33

     215       249,329  

Series A-1, 5.00%, 10/01/34

     215       248,054  

Series A-1, 5.00%, 10/01/35

     75       86,071  

Celebration Pointe Community Development District, SAB(a)

    

5.00%, 05/01/32

     450       499,671  

5.00%, 05/01/48

         1,120       1,204,683  

Collier County Health Facilities Authority, RB, Series A, 5.00%, 05/01/48

     1,190       1,391,931  

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

     1,340       1,521,155  

Florida Development Finance Corp., RB

    

Series A, 5.00%, 06/15/40

     215       246,177  

Series A, 5.00%, 06/15/50

     720       815,717  

Series A, 5.00%, 06/15/55

     435       491,889  

Miami-Dade County Florida Aviation Revenue, Refunding RB

    

Series A, 4.00%, 10/01/37

     325       397,504  

Series A, 4.00%, 10/01/38

     325       394,456  

Series A, 4.00%, 10/01/39

     240       290,383  

Mid-Bay Bridge Authority, RB, Series A, 7.25%, 10/01/21(d)

     3,015       3,157,971  

Palm Beach County Health Facilities Authority, RB, 5.00%, 11/15/45

     3,150       3,599,064  

Sarasota County Florida Utility System Revenue RB Series A, 5.00%, 10/01/45

     435       575,923  
 

 

 

S C H E D U L E     O F   I N V E S T M E N  T S   1

Schedule of Investments (unaudited) (continued)

January 31, 2021

   

BlackRock MuniVest Fund II, Inc. (MVT)

(Percentages shown are based on Net Assets)

 

Security  

Par

(000)

     Value  
Florida (continued)            

Sarasota County Florida Utility System Revenue RB (continued)

    

Series A, 5.00%, 10/01/50

   $ 650     $ 850,512  

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

     2,100       2,191,266  

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

     1,750       2,136,382  
   

 

 

  
      20,575,955  
Georgia — 4.8%            

Development Authority for Fulton County, Refunding RB, 4.00%, 03/15/44

     5,000       5,184,800  

Gainesville & Hall County Hospital Authority, Refunding RB, Series A, (GTD), 5.50%, 08/15/54

     515       612,315  

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

     720       736,121  

Glynn-Brunswick Memorial Hospital Authority, RB, 5.00%, 08/01/47

     2,500       2,929,250  

Main Street Natural Gas, Inc., RB

    

Series A, 5.00%, 05/15/35

     490       684,574  

Series A, 5.00%, 05/15/36

     490       690,993  

Series A, 5.00%, 05/15/37

     540       769,986  

Series A, 5.00%, 05/15/38

     295       425,192  

Series A, 5.00%, 05/15/49

     985       1,530,867  

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

     1,560       1,780,459  

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

     610       696,815  
   

 

 

  
          16,041,372  
Idaho — 0.3%            

Idaho Health Facilities Authority, RB, Series 2017, 5.00%, 12/01/46

     745       897,017  
   

 

 

  
Illinois — 10.8%            

Chicago Board of Education, GO

    

Series C, 5.25%, 12/01/35

     1,465       1,638,617  

Series D, 5.00%, 12/01/46

     1,915       2,122,949  

Series H, 5.00%, 12/01/36

     450       533,628  

Chicago Board of Education, Refunding GO

    

Series C, 5.00%, 12/01/25

         1,460       1,730,348  

Series F, 5.00%, 12/01/24

     615       707,207  

Series G, 5.00%, 12/01/34

     450       537,660  

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

     935       1,126,282  

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

     1,050       1,094,667  

City of Chicago Illinois Special Assessment Revenue, SAB, 6.75%, 12/01/32

     766       768,214  

City of Chicago Illinois Waterworks Revenue, Refunding RB

    

2nd Lien, (AGM), 5.25%, 11/01/33

     260       260,954  

2nd Lien, 5.00%, 11/01/42

     915       977,266  

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

     805       900,352  

Illinois Finance Authority, RB

    

Series A, 5.00%, 02/15/47

     235       250,562  

Series A, 5.00%, 02/15/50

     130       138,206  

Illinois State Toll Highway Authority, RB

    

Series A, 5.00%, 01/01/45

     1,290       1,665,932  

Series C, 5.00%, 01/01/37

     2,800       3,285,184  
Security  

Par

(000)

     Value  
Illinois (continued)            

Metropolitan Pier & Exposition Authority, RB, Series A, 5.00%, 06/15/57

   $ 870     $ 1,014,759  

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

     1,340       1,481,571  

Metropolitan Pier & Exposition Authority, Refunding RB, CAB, Series B, (AGM), 0.00%, 06/15/43(c)

     5,175       2,671,594  

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

     1,140       1,162,344  

Regional Transportation Authority, RB, Series A, (NPFGC), 6.70%, 11/01/21

     910       925,079  

State of Illinois, GO

    

5.00%, 02/01/39

     1,540       1,698,604  

Series A, 5.00%, 04/01/35

     3,000       3,241,200  

Series A, 5.00%, 04/01/38

     3,490       3,764,558  

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

     985       1,112,341  

Village of Hodgkins Illinois, RB, AMT, 6.00%, 11/01/23

     1,525       1,531,695  
   

 

 

  
          36,341,773  
Indiana — 3.0%            

City of Valparaiso Indiana, RB

    

AMT, 6.75%, 01/01/34

     790       867,096  

AMT, 7.00%, 01/01/44

     1,905       2,080,298  

Indiana Finance Authority, RB

    

Series A, 1st Lien, 5.25%, 10/01/38

     3,280       3,386,305  

Series A, AMT, 5.00%, 07/01/44

     450       483,305  

Series A, AMT, 5.00%, 07/01/48

     1,430       1,535,563  

Series A, AMT, 5.25%, 01/01/51

     405       437,031  

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

     1,270       1,384,465  
   

 

 

  
      10,174,063  
Iowa — 1.1%            

Iowa Finance Authority, Refunding RB

    

5.88%, 12/01/26

     410       423,932  

Series B, 5.25%, 12/01/50(e)

     2,810       3,148,099  
   

 

 

  
      3,572,031  
Kentucky — 1.2%            

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

     995       1,091,614  

Kentucky Economic Development Finance Authority, Refunding RB, Series A, (AGM), 5.00%, 12/01/45

     1,235       1,455,744  

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

    1,200       1,416,720  
   

 

 

  
      3,964,078  
Louisiana — 2.1%            

Louisiana Public Facilities Authority, Refunding RB, 4.00%, 12/15/50

         2,000       2,230,160  

Tobacco Settlement Financing Corp., Refunding RB

    

Series A, 5.50%, 05/15/30

     810       811,652  

Series A, 5.25%, 05/15/31

     870       880,153  

Series A, 5.25%, 05/15/32

     1,110       1,167,787  

Series A, 5.25%, 05/15/33

     1,205       1,267,672  

Series A, 5.25%, 05/15/35

     505       550,819  
   

 

 

  
      6,908,243  
 

 

 

2  

Schedule of Investments (unaudited) (continued)

January 31, 2021

   

BlackRock MuniVest Fund II, Inc. (MVT)

(Percentages shown are based on Net Assets)

 

Security  

Par

(000)

     Value  
Maryland — 0.3%            

Maryland Health & Higher Educational Facilities Authority, RB

    

Series 2017, 5.00%, 12/01/46

   $ 420     $ 513,106  

Series B, (NPFGC), 7.00%, 07/01/22(g)

     450       487,246  
   

 

 

  
      1,000,352  
Massachusetts — 1.0%            

Massachusetts Development Finance Agency, Refunding RB(a)

    

4.00%, 10/01/32

     215       233,161  

4.13%, 10/01/42

     470       507,412  

Massachusetts Housing Finance Agency, RB, M/F Housing

    

Series C-1, 3.15%, 12/01/49

     550       578,715  

Series C-1, 3.25%, 12/01/54

     2,030       2,144,147  
   

 

 

  
      3,463,435  
Michigan — 3.2%            

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

         4,425       4,745,459  

Michigan Finance Authority, Refunding RB

    

5.00%, 12/01/48

     2,000       2,503,720  

Series A, 4.00%, 12/01/49

     810       960,231  

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

     990       1,216,680  

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

     1,070       1,289,799  
   

 

 

  
      10,715,889  
Minnesota — 1.4%            

Duluth Economic Development Authority, Refunding RB

    

Series A, 4.25%, 02/15/48

     2,020       2,251,533  

Series A, 5.25%, 02/15/53

     2,045       2,426,699  
   

 

 

  
      4,678,232  
Mississippi — 3.0%            

County of Lowndes Mississippi, Refunding RB, Series A, 6.80%, 04/01/22

     3,000       3,220,260  

State of Mississippi, RB

    

Series A, 5.00%, 10/15/37

     1,000       1,232,940  

Series A, 4.00%, 10/15/38

     5,000       5,729,250  
   

 

 

  
          10,182,450  
Missouri — 2.9%            

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

     2,885       3,368,382  

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

    

5.50%, 05/01/43

     245       259,957  

5.00%, 09/01/48

     2,610       3,063,201  

Series C, 5.00%, 11/15/47

     2,570       3,111,139  
   

 

 

  
      9,802,679  
Security  

Par

(000)

     Value  
Nebraska — 0.7%            

Central Plains Energy Project, RB

    

5.25%, 09/01/37

   $ 825     $ 887,782  

5.00%, 09/01/42

     1,445       1,549,228  
   

 

 

  
          2,437,010  
New Hampshire(a) — 0.7%            

New Hampshire Business Finance Authority, Refunding RB

    

Series B, 4.63%, 11/01/42

     1,545       1,618,681  

Series C, AMT, 4.88%, 11/01/42

     805       848,156  
   

 

 

  
      2,466,837  
New Jersey — 16.0%            

Casino Reinvestment Development Authority, Inc., Refunding RB

    

5.25%, 11/01/39

     1,675       1,797,107  

5.25%, 11/01/44

     1,525       1,628,258  

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

     1,655       1,963,840  

New Jersey Economic Development Authority, RB

    

4.00%, 11/01/38

     510       584,429  

4.00%, 11/01/39

     405       463,024  

5.00%, 06/15/49

     2,295       2,804,260  

Series EEE, 5.00%, 06/15/48

     3,690       4,427,410  

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

     1,425       1,646,032  

New Jersey Economic Development Authority, Refunding SAB, 5.75%, 04/01/31

     2,240       2,363,558  

New Jersey Transportation Trust Fund Authority, RB

    

Series A, 5.50%, 06/15/21(d)

     1,635       1,667,389  

Series AA, 5.00%, 06/15/44

     1,270       1,404,539  

Series AA, 5.00%, 06/15/50

     600       745,986  

Series BB, 4.00%, 06/15/50

     1,490       1,665,120  

Series BB, 5.00%, 06/15/50

     4,120       4,938,150  

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

     2,460       2,505,092  

New Jersey Turnpike Authority, RB

    

Series A, 5.00%, 07/01/22(d)

     740       786,539  

Series A, 4.00%, 01/01/42(b)

     730       877,482  

Series E, 5.00%, 01/01/45

     2,615       3,033,452  

State of New Jersey, GO

    

Series A, 4.00%, 06/01/31

     560       704,234  

Series A, 3.00%, 06/01/32

     1,300       1,501,006  

Tobacco Settlement Financing Corp., Refunding RB

    

Series A, 5.25%, 06/01/46

     525       642,742  

Sub-Series B, 5.00%, 06/01/46

         13,345       15,885,754  
   

 

 

  
      54,035,403  
New York — 14.9%            

City of New York, GO, Series C, 5.00%, 08/01/42

     1,115       1,445,386  

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

     1,960       1,977,738  

Metropolitan Transportation Authority, Refunding RB

    

Series C-1, 4.75%, 11/15/45

     1,585       1,917,184  

Series C-1, 5.00%, 11/15/50

     515       633,084  

Series C-1, 5.25%, 11/15/55

     760       949,179  
 

 

 

S C H E D U L E     O F   I N V E S T M E N  T S   3

Schedule of Investments (unaudited) (continued)

January 31, 2021

   

BlackRock MuniVest Fund II, Inc. (MVT)

(Percentages shown are based on Net Assets)

 

Security  

Par

(000)

     Value  
New York (continued)            

Monroe County Industrial Development Corp., Refunding RB

    

4.00%, 12/01/46

   $ 520     $ 588,271  

Series A, 4.00%, 07/01/50

     1,065       1,256,136  

New York City Housing Development Corp., RB, M/F Housing, Series A, 3.00%, 11/01/55

     1,055       1,093,149  

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

    

Series C, 4.00%, 05/01/45

     1,080       1,288,505  

Sub-Series C-1, 4.00%, 05/01/40

     430       519,939  

Sub-Series E-1, 5.00%, 02/01/42

     1,960       2,052,865  

New York Counties Tobacco Trust IV, Refunding RB

    

Series A, 5.00%, 06/01/38

     1,910       1,910,306  

Series A, 6.25%, 06/01/41(a)

     1,800       1,829,088  

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

     10,735       11,199,718  

New York Liberty Development Corp., Refunding RB(a)

    

Series 1, Class 1, 5.00%, 11/15/44

         2,860       3,103,672  

Series 2, Class 2, 5.15%, 11/15/34

     340       372,956  

Series 2, Class 2, 5.38%, 11/15/40

     850       935,170  

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

     1,780       2,236,730  

New York State Urban Development Corp., RB

    

Series A, 4.00%, 03/15/49

     7,895       9,320,521  

Series A, 3.00%, 03/15/50

     1,285       1,381,195  

New York Transportation Development Corp., RB

    

AMT, 5.00%, 10/01/35

     350       434,927  

AMT, 5.00%, 10/01/40

     1,000       1,234,060  

Port Authority of New York & New Jersey Refunding RB, AMT, 4.00%, 07/15/61(b)

     1,105       1,274,253  

Triborough Bridge & Tunnel Authority, RB

    

Series A, 4.00%, 11/15/54

     265       312,758  

Series A, 5.00%, 11/15/54

     840       1,077,930  
   

 

 

  
          50,344,720  
North Carolina — 0.4%            

North Carolina Medical Care Commission, Refunding RB, Series A, 7.75%, 03/01/21(d)

     595       598,617  

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

     530       842,801  
   

 

 

  
      1,441,418  
North Dakota — 0.3%            

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

     950       1,154,687  
   

 

 

  
Ohio — 3.1%            

Buckeye Tobacco Settlement Financing Authority, Refunding RB

    

Series A-2, Class 1, 4.00%, 06/01/37

     285       344,722  

Series A-2, Class 1, 4.00%, 06/01/38

     285       344,112  

Series A-2, Class 1, 4.00%, 06/01/39

     285       343,035  

Series A-2, Class 1, 4.00%, 06/01/48

     755       875,536  

Series B-2, Class 2, 5.00%, 06/01/55

     2,735       3,187,998  

County of Franklin Ohio, RB

    

Series 2017, 5.00%, 12/01/46

     400       487,760  

Series A, 6.13%, 07/01/22(d)

     40       43,411  

Series A, 6.13%, 07/01/40

     620       661,627  

Series A, 4.00%, 12/01/49

     505       594,223  

County of Hamilton Ohio, Refunding RB

    

4.00%, 08/15/50

     590       689,503  
Security  

Par

(000)

     Value  
Ohio (continued)            

County of Hamilton Ohio, Refunding RB (continued)

    

Series A, 3.75%, 08/15/50

   $ 1,040     $ 1,176,001  

County of Montgomery Ohio, Refunding RB, 3.00%, 08/01/51(b)

     605       642,752  

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

     730       817,950  

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

     275       307,362  
   

 

 

  
      10,515,992  
Oklahoma — 1.8%            

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

     1,155       1,374,392  

Oklahoma Turnpike Authority, RB

    

Series A, 4.00%, 01/01/48

     2,050       2,336,651  

Series C, 4.00%, 01/01/42

     1,950       2,249,813  
   

 

 

  
      5,960,856  
Oregon — 1.3%            

Medford Hospital Facilities Authority, Refunding RB, Series A, 4.00%, 08/15/50

     1,680       1,982,148  

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

     1,795       2,259,169  
   

 

 

  
      4,241,317  
Pennsylvania — 3.8%            

Allentown Neighborhood Improvement Zone Development Authority, RB(a)

    

Subordinate, 5.00%, 05/01/28

     205       230,703  

Subordinate, 5.13%, 05/01/32

     230       266,933  

Subordinate, 5.38%, 05/01/42

     435       499,302  

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

     635       659,771  

Lancaster Industrial Development Authority, RB, 5.00%, 12/01/49

     1,300       1,451,918  

Montgomery County Higher Education and Health Authority, Refunding RB

    

Series A, 5.00%, 09/01/43

         1,220       1,463,195  

Series A, 4.00%, 09/01/49

     555       613,059  

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

     850       978,265  

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

     1,035       1,099,905  

Pennsylvania Higher Educational Facilities Authority, RB, 4.00%, 08/15/49

     2,305       2,677,419  

Pennsylvania Turnpike Commission RB, 4.00%, 12/01/50

     1,365       1,597,255  

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

     1,105       1,290,540  
   

 

 

  
          12,828,265  
Puerto Rico — 5.8%            

Children’s Trust Fund, Refunding RB

    

5.50%, 05/15/39

     675       692,665  

5.63%, 05/15/43

     690       698,383  

Puerto Rico Commonwealth Aqueduct & Sewer Authority, RB

    

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

     2,430       2,561,050  

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

     695       735,331  

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

    

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

     1,843       2,062,667  

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

     6,807       7,730,438  
 

 

 

4  

Schedule of Investments (unaudited) (continued)

January 31, 2021

   

BlackRock MuniVest Fund II, Inc. (MVT)

(Percentages shown are based on Net Assets)

 

Security  

Par

(000)

     Value  
Puerto Rico (continued)            

Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue, RB (continued)

    

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

   $ 85     $ 93,956  

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

     2,941       3,295,861  

Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue, RB, CAB(c)

    

Series A-1, Restructured, 0.00%, 07/01/46

     3,564       1,127,115  

Series A-1, Restructured, 0.00%, 07/01/51

     1,971       447,831  
   

 

 

  
      19,445,297  
Rhode Island — 2.1%            

Tobacco Settlement Financing Corp., Refunding RB

    

Series A, 5.00%, 06/01/35

     820       952,397  

Series B, 4.50%, 06/01/45

     2,645       2,810,895  

Series B, 5.00%, 06/01/50

     2,945       3,184,193  
   

 

 

  
      6,947,485  
South Carolina — 5.7%            

South Carolina Jobs-Economic Development Authority, Refunding RB

    

5.00%, 02/01/36

         2,505       3,004,948  

5.00%, 11/15/47

     1,350       1,525,513  

Series A, 5.00%, 05/01/48

     3,060       3,620,102  

South Carolina Public Service Authority, RB, Series A, 5.50%, 12/01/54

     6,180       7,177,514  

South Carolina Public Service Authority, Refunding RB

    

Series A, 5.00%, 12/01/50

     1,430       1,669,082  

Series E, 5.25%, 12/01/55

     1,735       2,083,371  
   

 

 

  
          19,080,530  
Tennessee — 0.9%            

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

     995       1,091,704  

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

     160       182,174  

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

    

Series A, 5.00%, 07/01/40

     690       807,086  

Series A, 5.25%, 10/01/58

     955       1,117,952  
   

 

 

  
      3,198,916  
Texas — 6.2%            

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

     2,160       2,492,878  

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

     775       818,121  

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

     1,155       1,462,461  

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

     745       829,408  

Fort Bend County Industrial Development Corp., RB, Series B, 4.75%, 11/01/42

     670       717,751  

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

     455       514,168  

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

     1,980       1,991,801  

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

     925       1,078,097  
Security  

Par

(000)

     Value  
Texas (continued)            

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

   $ 1,245     $ 1,570,991  

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

     4,545       5,644,163  

Tarrant County Cultural Education Facilities Finance Corp., Refunding RB, 5.00%, 10/01/49

     1,000       1,061,740  

Texas Municipal Gas Acquisition & Supply Corp. III Refunding RB(b)

    

5.00%, 12/15/30

     475       633,997  

5.00%, 12/15/32

     425       583,907  

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

     1,140       1,341,723  
   

 

 

  
      20,741,206  
Utah — 1.0%            

County of Utah UT, RB

    

Series A, 4.00%, 05/15/43

     215       258,273  

Series A, 3.00%, 05/15/50

     985       1,057,988  

Salt Lake City Corp. Airport Revenue, ARB

    

Series A, AMT, 5.00%, 07/01/47

     915       1,084,980  

Series A, AMT, 5.00%, 07/01/48

     875       1,048,845  
   

 

 

  
      3,450,086  
Virginia — 1.8%            

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

     1,160       1,278,772  

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

     820       870,660  

Virginia Small Business Financing Authority, RB

    

AMT, Senior Lien, 5.25%, 01/01/32

     1,615       1,722,898  

AMT, Senior Lien, 6.00%, 01/01/37

     1,940       2,088,333  
   

 

 

  
      5,960,663  
Washington — 1.6%            

Port of Seattle Washington, ARB

    

Series A, AMT, 5.00%, 05/01/43

         1,465       1,744,302  

Series C, AMT, 5.00%, 04/01/40

     755       868,031  

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

     2,290       2,535,488  

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

     340       384,724  
   

 

 

  
      5,532,545  
   

 

 

  

Total Municipal Bonds — 126.5%
(Cost: $382,688,929)

           426,125,336  
   

 

 

  

Municipal Bonds Transferred to Tender Option Bond Trusts(h)

 

California — 2.2%

    

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

     3,056       3,556,244  

Sacramento Area Flood Control Agency, Refunding SAB, 5.00%, 10/01/47

     3,075       3,745,190  
   

 

 

  
      7,301,434  
Colorado — 0.8%            

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

     2,253       2,747,636  
   

 

 

  
 

 

 

S C H E D U L E     O F   I N V E S T M E N  T S   5

Schedule of Investments (unaudited) (continued)

January 31, 2021

   

BlackRock MuniVest Fund II, Inc. (MVT)

(Percentages shown are based on Net Assets)

 

Security  

Par

(000)

     Value  
District of Columbia — 0.6%            

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

   $ 1,798     $ 2,067,638  
   

 

 

  
Georgia — 1.1%            

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

     1,821       2,087,148  

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

     1,442       1,584,869  
   

 

 

  
      3,672,017  
Illinois — 1.1%            

Illinois Finance Authority, Refunding RB

    

Series C, 4.00%, 02/15/27(d)

     6       7,029  

Series C, 4.00%, 02/15/41

     3,219       3,634,054  
   

 

 

  
      3,641,083  
Massachusetts — 3.0%            

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

     2,042       2,267,380  

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

     4,574       5,429,108  

Massachusetts School Building Authority, RB, Series B, 5.00%, 10/15/21(d)

     2,266       2,343,784  
   

 

 

  
      10,040,272  
New York — 8.8%            

Hudson Yards Infrastructure Corp., RB(i)

    

5.75%, 02/15/21

     373       374,142  

5.75%, 02/15/47

     230       230,161  

New York Liberty Development Corp., Refunding RB, 5.75%, 11/15/51(i)

     6,440       6,700,733  

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

     1,308       1,543,962  

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

     5,956       6,976,016  

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

     2,884       3,336,062  

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

     6,617       7,602,273  

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

         2,595       3,099,338  
   

 

 

  
          29,862,687  
North Carolina — 0.9%            

North Carolina Capital Facilities Finance Agency, Refunding RB, Series B, 5.00%, 10/01/25(d)

     2,550       3,097,842  
   

 

 

  
Pennsylvania — 0.9%            

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

     2,340       2,915,827  
   

 

 

  
Rhode Island — 0.5%            

Narragansett Bay Commission, Refunding RB, Series A, 4.00%, 09/01/22(d)

     1,530       1,624,340  
   

 

 

  
Texas — 5.5%            

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

     1,831       1,962,624  

City of San Antonio Texas Electric & Gas Systems Revenue, RB, Junior Lien, 5.00%, 02/01/23(d)

     2,520       2,763,457  
Security  

Par

(000)

     Value  
Texas (continued)            

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

   $ 2,030     $ 2,120,282  

Metropolitan Transit Authority of Harris County Sales & Use Tax Revenue, Refunding RB, Series A, 5.00%, 11/01/21(d)

     3,400       3,523,998  

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

     6,900       8,308,980  
   

 

 

  
      18,679,341  
Virginia — 2.4%            

Hampton Roads Transportation Accountability Commission, RB, Series A, Senior Lien, 4.00%, 07/01/60(i)

     2,145       2,541,718  

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

     4,780       5,498,243  
   

 

 

  
      8,039,961  
Wisconsin — 1.9%            

Wisconsin Health & Educational Facilities Authority, Refunding RB

    

4.00%, 12/01/46

         2,833       3,156,437  

4.00%, 12/15/49(i)

     2,940       3,435,184  
   

 

 

  
      6,591,621  
   

 

 

  

Total Municipal Bonds Transferred to Tender Option Bond Trusts — 29.7%
(Cost: $92,203,225)

 

     100,281,699  
   

 

 

  

Total Long-Term Investments — 156.2%
(Cost: $474,892,154)

 

         526,407,035  
   

 

 

  
     Shares         

Short-Term Securities

 

Money Market Funds — 4.3%  

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

     14,413,021       14,415,904  
   

 

 

  

Total Short-Term Securities — 4.3%
(Cost: $14,415,736)

 

     14,415,904  
   

 

 

  

Total Investments — 160.5%
(Cost: $489,307,890)

 

       540,822,939  

Liabilities in Excess of Other Assets — (1.7)%

 

     (5,870,084 ) 

Liability for TOB Trust Certificates, Including Interest Expense and Fees Payable — (17.2)%

 

     (58,020,977 ) 

VMTP Shares at Liquidation Value — (41.6)%

 

     (140,000,000 ) 
   

 

 

  

Net Assets Applicable to Common Shares — 100.0%

 

   $ 336,931,878  
   

 

 

  

 

(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) 

When-issued security.

(c) 

Zero-coupon bond.

(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) 

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.

(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.

 

 

 

6  

Schedule of Investments (unaudited) (continued)

January 31, 2021

   

BlackRock MuniVest Fund II, Inc. (MVT)

 

(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 May 15, 2021 to February 15, 2047, is $10,662,473.

(j) 

Affiliate of the Fund.

(k) 

Annualized 7-day yield as of period end.

 

 

Affiliates

Investments in issuers considered to be affiliate(s) of the Fund during the period ended January 31, 2021 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

 

Affiliated Issuer    Value at
04/30/20		     

Purchases

at Cost

      Proceeds
from Sales		      Net
Realized
Gain (Loss)		      Change in
Unrealized
Appreciation
(Depreciation)		      Value at
01/31/21		      Shares
Held at
01/31/21		      Income      Capital Gain
Distributions
from
Underlying
Funds		  

BlackRock Liquidity Funds, MuniCash, Institutional Class

    $ 5,634,448      $ 8,780,269 (a)     $ —      $ 2,859      $ (1,672 )     $ 14,415,904        14,413,021      $ 476      $ —  
           

 

 

     

 

 

     

 

 

        

 

 

     

 

 

  

 

  (a)

Represents net amount purchased (sold).

 

Fair Value Hierarchy as of Period End

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

 

  •  

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

 

  •  

Level 2 – Other observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are active, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the assets or liabilities (such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates) or other market–corroborated inputs); 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 Fund’s policy regarding valuation of financial instruments, refer to its most recent financial statements.

The following table summarizes the Fund’s investments categorized in the disclosure hierarchy. The breakdown of the Fund’s investments into major categories is disclosed in the Schedule of Investments above.

 

                                                                                       
      Level 1      Level 2      Level 3      Total  

Assets

            

Investments

            

Long-Term Investments

            

Municipal Bonds

    $ —      $ 426,125,336      $ —      $ 426,125,336  

Municipal Bonds Transferred to Tender Option Bond Trusts

      —        100,281,699        —        100,281,699  

Short-Term Securities

            

Money Market Funds

      14,415,904        —        —        14,415,904  
  

 

 

     

 

 

     

 

 

     

 

 

  
   $   14,415,904      $   526,407,035      $ —      $   540,822,939  
  

 

 

     

 

 

     

 

 

     

 

 

  

 

 

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

   7

Schedule of Investments (unaudited) (continued)

January 31, 2021

   

BlackRock MuniVest Fund II, Inc. (MVT)

 

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

      $ —        $ (57,997,363 )       $ —        $ (57,997,363 ) 

VMTP Shares at Liquidation Value

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

 

 

       

 

 

       

 

 

       

 

 

  
     $ —        $   (197,997,363 )       $ —        $   (197,997,363 ) 
    

 

 

       

 

 

       

 

 

       

 

 

  

 

Portfolio Abbreviation

 

AGC    Assured Guaranty Corp.
AGM    Assured Guaranty Municipal Corp.
AMT    Alternative Minimum Tax
ARB    Airport Revenue Bonds
CAB    Capital Appreciation Bonds
COP    Certificates of Participation
GO    General Obligation Bonds
GTD    GTD Guaranteed
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

 

 

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