NPORT-EX 2 NPORT_89R7_28605615_0423.htm BlackRock Municipal 2030 Target Term Trust

Schedule of Investments (unaudited)

April 30, 2023

   

BlackRock Municipal 2030 Target Term Trust (BTT)

(Percentages shown are based on Net Assets)

 

Security  

Par

(000)

    Value  

Municipal Bonds

 

Alabama — 6.9%

    

Alabama Economic Settlement Authority, RB, Series A, 4.00%, 09/15/33

   $ 5,000     $ 4,960,790  

Alabama Public School and College Authority, Refunding RB, Series A, 5.00%, 11/01/30

     11,900       13,981,167  

Alabama Special Care Facilities Financing Authority- Birmingham Alabama, Refunding RB, 5.00%, 06/01/30

     10,000       10,381,950  

Birmingham-Jefferson Civic Center Authority, ST

    

Series A, 5.00%, 07/01/31

     1,100       1,218,136  

Series A, 5.00%, 07/01/32

     1,150       1,272,465  

Series A, 5.00%, 07/01/33

     1,600       1,766,117  

Black Belt Energy Gas District, RB(a)
4.00%, 10/01/52

     12,025       11,958,357  

Series B-2, 4.48%, 12/01/48

     5,000       4,979,020  

Black Belt Energy Gas District, Refunding RB, 4.00%, 06/01/51(a)

     8,930       8,926,508  

County of Jefferson Alabama Sewer Revenue, Refunding RB, CAB(b)

    

Series B, Senior Lien, (AGM), 0.00%, 10/01/31

     7,375       4,624,420  

Series B, Senior Lien, (AGM), 0.00%, 10/01/32

     6,295       3,667,266  

Series B, Senior Lien, (AGM), 0.00%, 10/01/33

     1,275       697,315  

Homewood Educational Building Authority, Refunding RB

    

Series A, 5.00%, 12/01/33

     1,010       1,082,306  

Series A, 5.00%, 12/01/34

     1,380       1,472,642  

Orange Beach Water Sewer & Fire Protection Authority, RB, 4.00%, 05/15/30

     510       549,714  

Southeast Energy Authority A Cooperative District, RB(a)

    

Series A-2, 5.64%, 01/01/53

         30,265       30,635,867  

Series B-1, 5.00%, 05/01/53

     9,375       9,766,163  

University of South Alabama, Refunding RB

    

(AGM), 5.00%, 11/01/29

     1,105       1,176,038  

(AGM), 5.00%, 11/01/30

     2,000       2,128,394  
   

 

 

  
          115,244,635  
Arizona — 2.0%            

Arizona Health Facilities Authority, Refunding RB,

    

Series B, 5.00%, 02/01/33

     1,810       1,811,644  

Arizona Industrial Development Authority, RB(c)

    

4.00%, 07/01/29

     650       618,343  

4.50%, 07/01/29

     765       747,324  

4.00%, 07/01/30

     620       583,290  

Series A, 4.00%, 07/01/29

     4,135       3,930,756  

Arizona Sports & Tourism Authority, Refunding RB, Senior Lien, (BAM), 5.00%, 07/01/30

     12,000       13,510,128  

Industrial Development Authority of the City of Phoenix Arizona, RB

    

6.00%, 07/01/23(d)

     100       100,434  

Series A, 5.75%, 07/01/24(c)

     325       325,183  

Maricopa County Industrial Development Authority, Refunding RB

    

4.00%, 07/01/29(c)

     855       816,972  

Series A, 5.00%, 01/01/31

     10,000       10,787,230  
   

 

 

  
      33,231,304  
Security  

Par

(000)

    Value  

California — 10.5%

    

Alameda Corridor Transportation Authority, Refunding RB, Series A, Sub Lien, (AMBAC), 0.00%, 10/01/30(b)

   $ 10,530     $ 7,846,324  

Bay Area Toll Authority, RB, Class A, 5.11%, 04/01/36(a)

     3,000       2,993,691  

Bay Area Toll Authority, Refunding RB(a)

    

Series C, 4.31%, 04/01/56

     4,500       4,558,612  

Series E, 4.27%, 04/01/56

     3,250       3,196,147  

California Community Choice Financing Authority, RB(a)

    

2.67%, 12/01/53

     6,750       6,858,196  

Series A, 4.00%, 10/01/52

     8,650       8,678,744  

California Health Facilities Financing Authority, RB

    

Series A, 5.00%, 11/15/32

     1,600       1,753,728  

Series A, 5.00%, 11/15/33

     1,855       2,025,352  

California Housing Finance Agency, RB, M/F Housing, Series 2021-1, Class A, 3.50%, 11/20/35

     3,640       3,396,423  

California Municipal Finance Authority, ARB, AMT, Senior Lien, 5.00%, 12/31/33

     4,000       4,262,320  

California Municipal Finance Authority, RB, 4.00%, 10/01/23(e)

     2,500       2,509,865  

California Municipal Finance Authority, RB, S/F Housing, Series A, 5.00%, 08/15/30

     1,000       1,013,348  

California Municipal Finance Authority, Refunding RB

    

Series A, 5.00%, 07/01/30

     1,200       1,273,076  

Series A, 5.00%, 07/01/31

     1,050       1,112,120  

California School Finance Authority, RB(c)

    

5.00%, 06/01/30

     565       505,807  

Series A, 5.00%, 06/01/29

     280       283,261  

Series A, 4.00%, 06/01/31

     265       253,620  

Series A, 5.00%, 06/01/32

     1,100       1,105,180  

City of Long Beach California Harbor Revenue, ARB

    

Series A, AMT, 5.00%, 05/15/31

     1,200       1,283,669  

Series A, AMT, 5.00%, 05/15/32

     1,800       1,922,080  

Series A, AMT, 5.00%, 05/15/33

     675       719,689  

Series A, AMT, 5.00%, 05/15/34

     1,650       1,755,268  

City of Los Angeles Department of Airports, ARB, AMT, 5.00%, 05/15/30

         18,250           20,491,209  

Compton Unified School District, GO, CAB(b)

    

Series B, (BAM), 0.00%, 06/01/33

     1,000       701,489  

Series B, (BAM), 0.00%, 06/01/34

     1,125       764,362  

Series B, (BAM), 0.00%, 06/01/35

     1,000       632,462  

Series B, (BAM), 0.00%, 06/01/36

     1,000       593,729  

El Camino Community College District Foundation, GO, CAB(b)

    

Series C, Election 2002, 0.00%, 08/01/30

     9,090       7,449,819  

Series C, Election 2002, 0.00%, 08/01/31

     12,465       9,902,196  

Series C, Election 2002, 0.00%, 08/01/32

     17,435       13,410,775  

Los Angeles Unified School District, GO, Series A, Election 2008, 4.00%, 07/01/33

     3,000       3,103,707  

Monterey Peninsula Community College District, Refunding GO, CAB(b)

    

0.00%, 08/01/30

     3,500       2,744,808  

0.00%, 08/01/31

     5,940       4,498,701  

M-S-R Energy Authority, RB, Series C, 6.13%, 11/01/29

     2,210       2,373,001  

Norman Y Mineta San Jose International Airport SJC, Refunding RB

    

Series A, AMT, 5.00%, 03/01/30

     500       530,241  

Series A, AMT, 5.00%, 03/01/31

     1,500       1,592,537  
 

 

 

1  

    

Schedule of Investments (unaudited) (continued)

April 30, 2023

   

BlackRock Municipal 2030 Target Term Trust (BTT)

(Percentages shown are based on Net Assets)

 

Security  

Par

(000)

    Value  

California (continued)

    

Norman Y Mineta San Jose International Airport SJC, Refunding RB (continued)

    

Series A, AMT, 5.00%, 03/01/32

   $ 1,000     $ 1,061,724  

Series A, AMT, 5.00%, 03/01/33

     975       1,033,762  

Series A, AMT, 5.00%, 03/01/34

     1,250       1,322,679  

Series A, AMT, 5.00%, 03/01/35

     2,000       2,110,010  

Poway Unified School District, GO(b)

    

Series A, Election 2008, 0.00%, 08/01/30

     10,000       8,271,020  

Series A, Election 2008, 0.00%, 08/01/32

     12,500       9,740,525  

San Diego County Regional Airport Authority, ARB, Sub-Series B, AMT, 5.00%, 07/01/33

     1,000       1,070,314  

San Rafael City Elementary School District, GO, Series C, Election 2002, (NPFGC), 0.00%, 08/01/30(b)

     6,350       5,218,189  

State of California, Refunding GO, 5.00%, 08/01/30

     10,000       11,004,150  

Washington Township Health Care District, Refunding RB, Series B, 3.00%, 07/01/28

     750       711,170  

Wiseburn School District, GO, Series A, Election 2007, (NPFGC), 0.00%, 08/01/30(b)

     7,505       6,125,641  
   

 

 

  
          175,764,740  
Colorado — 5.8%            

Aspen Valley Hospital District, Refunding GO, 5.00%, 12/01/30

     620       721,755  

Central Platte Valley Metropolitan District, GO(e)

    

Series A, 5.13%, 12/01/23

     700       707,837  

Series A, 5.50%, 12/01/23

     750       760,001  

City & County of Denver Colorado Airport System Revenue, Refunding ARB

    

Series A, AMT, 5.00%, 12/01/30

     12,780       14,220,894  

Series A, AMT, 5.00%, 12/01/33

         25,000       27,050,500  

Series D, AMT, 5.50%, 11/15/30

     14,000       16,138,024  

City & County of Denver Colorado Pledged Excise Tax Revenue, RB, CAB, Series A-2, 0.00%, 08/01/30(b)

     1,000       765,742  

City & County of Denver Colorado, Refunding RB, AMT, 5.00%, 10/01/32

     2,500       2,496,875  

Colorado Educational & Cultural Facilities Authority, Refunding RB, 4.00%, 12/01/30(c)

     1,185       1,120,619  

Colorado Health Facilities Authority, RB

    

5.00%, 11/01/30

     1,000       1,107,415  

Series B, 2.63%, 05/15/29

     2,100       1,888,341  

Series D, 4.41%, 05/15/61(a)

     7,695       7,713,168  

Colorado Health Facilities Authority, Refunding RB, Series A, 4.00%, 08/01/37

     3,000       2,985,192  

E-470 Public Highway Authority, Refunding RB, Series B, 3.57%, 09/01/39(a)

     1,475       1,469,855  

Park Creek Metropolitan District, Refunding RB

    

Series A, Senior Lien, 5.00%, 12/01/27

     1,500       1,568,835  

Series A, Senior Lien, 5.00%, 12/01/28

     1,500       1,574,035  

Series A, Senior Lien, 5.00%, 12/01/30

     1,350       1,416,720  

Series A, Senior Lien, 5.00%, 12/01/31

     1,500       1,575,160  

Plaza Metropolitan District No. 1, Refunding TA(c)

    

4.00%, 12/01/23

     1,000       992,486  

4.10%, 12/01/24

     5,080       4,990,226  

4.20%, 12/01/25

     5,280       5,161,015  

Tallyn’s Reach Metropolitan District No. 3, GO, 5.00%, 12/01/23(c)(e)

     467       471,895  
   

 

 

  
      96,896,590  
Security  

Par

(000)

    Value  

Connecticut — 1.0%

    

Capital Region Development Authority, Refunding RB

    

(SAP), 5.00%, 06/15/30

   $ 1,095     $ 1,220,674  

(SAP), 5.00%, 06/15/31

     1,125       1,253,167  

Connecticut State Health & Educational Facilities Authority, RB, Series A, 5.00%, 01/01/30(c)

     370       365,481  

Connecticut State Health & Educational Facilities Authority, Refunding RB

    

Series G-1, 5.00%, 07/01/27(c)

     225       226,385  

Series G-1, 5.00%, 07/01/28(c)

     300       301,139  

Series G-1, 5.00%, 07/01/29(c)

     300       300,285  

Series G-1, 5.00%, 07/01/30(c)

     300       299,308  

Series G-1, 5.00%, 07/01/32(c)

     425       422,280  

Series G-1, 5.00%, 07/01/34(c)

     355       352,112  

Series I-1, 5.00%, 07/01/35

     400       425,654  

State of Connecticut Special Tax Revenue, RB,

    

Series A, 5.00%, 07/01/30

     3,500       4,072,054  

State of Connecticut, GO, Series A, 5.00%, 04/15/33

     7,000       7,768,929  
   

 

 

  
          17,007,468  
Delaware — 0.8%            

County of Kent Delaware, RB

    

Series A, 5.00%, 07/01/24

     705       708,330  

Series A, 5.00%, 07/01/25

     805       811,663  

Series A, 5.00%, 07/01/26

     850       858,717  

Series A, 5.00%, 07/01/27

     890       898,820  

Series A, 5.00%, 07/01/28

     935       941,994  

Delaware State Economic Development Authority, Refunding RB(a)

    

Series A, 1.25%, 10/01/45

     6,035       5,692,303  

Series B, 1.25%, 10/01/40

     500       471,774  

Delaware State Health Facilities Authority, RB, 4.00%, 06/01/35

     1,250       1,253,316  

Delaware Transportation Authority, Refunding RB, 5.00%, 09/01/30

     2,000       2,338,936  
   

 

 

  
      13,975,853  
District of Columbia — 0.9%            

District of Columbia, Refunding RB, Series A, 6.00%, 07/01/23(e)

     1,700       1,707,634  

Metropolitan Washington Airports Authority Aviation Revenue, Refunding ARB, Series A, AMT, 5.00%, 10/01/30

         12,325       13,640,164  
   

 

 

  
      15,347,798  
Florida — 6.3%            

Capital Projects Finance Authority, RB, Series A-1, 5.00%, 10/01/30

     1,000       1,026,447  

Capital Trust Agency, Inc., RB(c)

    

Series A, 4.00%, 06/15/29

     1,595       1,504,185  

Series A-1, 3.38%, 07/01/31

     1,810       1,691,101  

Central Florida Expressway Authority, Refunding RB

    

Senior Lien, 5.00%, 07/01/32

     1,610       1,778,981  

Senior Lien, 5.00%, 07/01/33

     2,750       3,030,569  

City of Lakeland Florida, Refunding RB, 5.00%, 11/15/30

     3,750       3,988,357  

County of Miami-Dade Florida Water & Sewer System Revenue, RB, 5.00%, 10/01/27

     5,000       5,481,175  

County of Miami-Dade Florida, Refunding RB,

    

Series B, 4.00%, 04/01/32

     6,690       6,967,508  

County of Palm Beach Florida, RB, 5.00%, 04/01/29(c)

     915       916,905  
 

 

 

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)

April 30, 2023

   

BlackRock Municipal 2030 Target Term Trust (BTT)

(Percentages shown are based on Net Assets)

 

Security  

Par

(000)

    Value  

Florida (continued)

    

County of St. Johns Florida Water & Sewer Revenue, Refunding RB, CAB(b)

    

Series B, 0.00%, 06/01/30

   $ 2,000     $ 1,628,258  

Series B, 0.00%, 06/01/31

     1,295       1,019,828  

Series B, 0.00%, 06/01/32

     2,495       1,900,868  

Double Branch Community Development District, Refunding SAB, Series A-1, Senior Lien, 4.13%, 05/01/31

     1,200       1,200,448  

Florida Development Finance Corp., RB

    

AMT, 5.00%, 05/01/29(c)

     7,430       6,953,700  

AMT, 3.00%, 06/01/32

     3,000       2,296,857  

Florida Development Finance Corp., Refunding RB(c)

    

4.00%, 06/01/24

     105       103,336  

4.00%, 06/01/25

     100       97,026  

4.00%, 06/01/26

     110       105,192  

4.00%, 09/15/30

     470       439,591  

Greater Orlando Aviation Authority, Refunding RB, AMT, 5.00%, 11/15/36

     250       249,307  

Hillsborough County Aviation Authority, ARB, AMT, 5.00%, 10/01/30

     2,325       2,597,346  

Lakewood Ranch Stewardship District, Refunding SAB, 3.20%, 05/01/30(c)

     540       503,255  

Lakewood Ranch Stewardship District, SAB, S/F Housing, 3.40%, 05/01/30

     375       353,270  

LT Ranch Community Development District, SAB, 3.40%, 05/01/30

     985       930,269  

Miami Beach Health Facilities Authority, Refunding RB, 5.00%, 11/15/30

     1,000       1,019,749  

Orange County Convention Center/Orlando, Refunding RB, 5.00%, 10/01/30

     11,470       13,103,512  

Palm Beach County Health Facilities Authority, RB, Series B, 5.00%, 05/15/31

     410       371,557  

Palm Beach County Health Facilities Authority, Refunding RB, 5.00%, 11/15/32

     19,820       20,222,604  

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

     3,825       3,830,944  

Sarasota National Community Development District, Refunding SAB, 3.50%, 05/01/31

     1,000       923,831  

School Board of Miami-Dade County, Refunding COP, Series A, 5.00%, 05/01/32

     9,000       9,546,471  

St Johns County Industrial Development Authority, Refunding RB

    

4.00%, 12/15/25

     180       174,675  

4.00%, 12/15/28

     200       186,320  

4.00%, 12/15/29

     215       197,372  

4.00%, 12/15/30

     195       176,670  

4.00%, 12/15/31

     205       183,305  

Tolomato Community Development District, Refunding SAB, Sub-Series A-2, 3.85%, 05/01/29

     520       506,749  

Village Community Development District No. 5, Refunding SAB

    

3.50%, 05/01/28

         4,705       4,684,759  

4.00%, 05/01/33

     910       910,274  

4.00%, 05/01/34

     1,990       1,990,496  
   

 

 

  
          104,793,067  
Georgia — 5.3%            

City of Atlanta Georgia Department of Aviation, Refunding ARB, Series B, AMT, 5.00%, 07/01/29

     4,150       4,554,903  

Georgia Ports Authority, ARB, 5.00%, 07/01/30

     1,175       1,367,510  
Security  

Par

(000)

    Value  

Georgia (continued)

    

Main Street Natural Gas, Inc., RB

    

Series A, 5.00%, 05/15/29

   $ 1,250     $ 1,308,170  

Series A, 5.00%, 05/15/30

     8,000       8,374,000  

Series A, 4.00%, 07/01/52(a)

     3,500       3,503,213  

Series A, 4.00%, 09/01/52(a)

     15,000       14,875,680  

Series A, 5.00%, 06/01/53(a)

     11,185       11,781,060  

Series B, 5.00%, 12/01/52(a)

     20,190       21,148,884  

Series C, 4.00%, 05/01/52(a)

     5,360       5,330,665  

Municipal Electric Authority of Georgia, RB, Series A, 5.00%, 01/01/34

     8,000       8,627,408  

Municipal Electric Authority of Georgia, Refunding RB

    

Series A, 5.00%, 01/01/29

     2,000       2,196,932  

Series A, 5.00%, 01/01/30

     1,905       2,123,240  

Series A, Subordinate, 5.00%, 01/01/29

     1,200       1,318,159  

Series A, Subordinate, 5.00%, 01/01/30

     1,250       1,393,202  
   

 

 

  
      87,903,026  
Guam — 0.2%            

Territory of Guam, Refunding RB

    

Series A, 5.00%, 11/01/30

     500       520,676  

Series F, 5.00%, 01/01/30

     1,160       1,207,215  

Series F, 5.00%, 01/01/31

     1,250       1,302,790  
   

 

 

  
      3,030,681  
Idaho — 0.0%            

Idaho Housing & Finance Association, RB, Series A, 4.63%, 07/01/29(c)

     175       170,343  
   

 

 

  
Illinois — 12.5%            

Chicago Board of Education, Refunding GO,

    

Series C, 5.00%, 12/01/30

     7,025       7,235,933  

Chicago Housing Authority, RB, M/F Housing

    

Series A, 5.00%, 01/01/33

     3,000       3,264,612  

Series A, 5.00%, 01/01/35

     1,500       1,624,248  

Chicago Midway International Airport, Refunding ARB, Series A, AMT, 2nd Lien, 5.00%, 01/01/33

     5,000       5,031,955  

Chicago O’Hare International Airport, Refunding RB

    

Series B, AMT, 4.00%, 01/01/27

     5,000       5,001,265  

Series B, Senior Lien, 5.00%, 01/01/33

     6,000       6,463,950  

Chicago Transit Authority Capital Grant Receipts Revenue, Refunding RB, 5.00%, 06/01/26

     3,000       3,151,779  

City of Chicago Illinois Wastewater Transmission Revenue, RB

    

2nd Lien, 4.00%, 01/01/31

         10,375           10,379,690  

2nd Lien, 4.00%, 01/01/32

     10,790       10,795,050  

2nd Lien, 4.00%, 01/01/33

     11,220       11,225,442  

2nd Lien, 4.00%, 01/01/35

     9,135       9,141,769  

City of Chicago Illinois, Refunding GO, Series B, 4.00%, 01/01/30

     1,053       1,072,473  

Illinois Finance Authority, RB, 5.00%, 07/01/30

     1,500       1,749,687  

Illinois Finance Authority, Refunding RB

    

5.00%, 08/15/30

     4,515       5,223,358  

Series A, 4.00%, 11/01/24

     425       415,858  

Series A, 5.00%, 11/01/26

     460       451,690  

Series A, 5.00%, 11/01/28

     1,745       1,688,275  

Series A, 5.00%, 11/01/29

     1,840       1,766,036  

Series A, 5.00%, 10/01/30

     1,000       1,070,055  

Series A, 5.00%, 11/01/30

     1,935       1,844,918  

Series A, 5.00%, 11/15/31

     8,415       8,668,098  

Series A, 4.00%, 10/01/32

     1,000       1,035,822  

Series A, 5.00%, 11/15/32

     2,075       2,137,526  

Series A, 4.00%, 02/01/33

     12,850       12,858,018  

Series A, 5.00%, 11/15/33

     2,125       2,189,207  
 

 

 

3  

    

Schedule of Investments (unaudited) (continued)

April 30, 2023

   

BlackRock Municipal 2030 Target Term Trust (BTT)

(Percentages shown are based on Net Assets)

 

Security  

Par

(000)

    Value  

Illinois (continued)

    

Illinois Finance Authority, Refunding RB (continued)

    

Series B, 5.00%, 08/15/30

   $ 3,205     $ 3,389,662  

Series B, 4.56%, 05/01/42(a)

     1,750       1,707,060  

Series C, 5.00%, 02/15/30

     12,000       12,946,536  

Illinois State Toll Highway Authority, Refunding RB, Series A, 4.00%, 12/01/31

     20,000       20,655,840  

Kane McHenry Cook & De Kalb Counties Unit School District No. 300, Refunding GO, Series A, 5.00%, 01/01/30

     6,350       6,783,476  

Metropolitan Pier & Exposition Authority, Refunding RB

    

5.00%, 12/15/28

     1,200       1,260,102  

5.00%, 12/15/30

     1,385       1,452,624  

Sales Tax Securitization Corp., Refunding RB,

    

Series A, 2nd Lien, 5.00%, 01/01/30

     11,000       12,348,782  

State of Illinois, GO

    

Series A, 5.00%, 12/01/26

     10,805       11,418,519  

Series A, 5.00%, 12/01/28

     9,950       10,676,509  

Series A, 5.00%, 03/01/32

     1,500       1,672,694  

State of Illinois, Refunding GO, Series B, 5.00%, 10/01/30

     7,000       7,598,430  

Upper Illinois River Valley Development Authority, Refunding RB, 4.00%, 01/01/31(c)

     265       250,784  
   

 

 

  
          207,647,732  
Indiana — 2.5%            

City of Indianapolis Department of Public Utilities Water System Revenue, Refunding RB, Series A, 1st Lien, 5.00%, 10/01/35

         10,000       11,109,870  

City of Valparaiso Indiana, RB, AMT, 5.88%, 01/01/24

     335       338,844  

Indiana Finance Authority, Refunding RB

    

Series A, 4.00%, 05/01/23(e)

     22,565       22,565,000  

Series A, 4.13%, 12/01/26

     3,665       3,594,310  

Series B, 4.16%, 03/01/39(a)

     1,010       1,004,947  

Northern Indiana Commuter Transportation District, RB

    

5.00%, 07/01/32

     1,000       1,057,888  

5.00%, 07/01/33

     1,400       1,481,061  
   

 

 

  
      41,151,920  
Iowa(a) — 1.5%            

Iowa Finance Authority, RB, AMT, 1.50%, 01/01/42

     2,750       2,706,688  

PEFA, Inc., RB, 5.00%, 09/01/49

     21,415       21,972,882  
   

 

 

  
      24,679,570  
Kansas — 0.3%            

City of Lenexa Kansas, Refunding RB, Series A, 5.00%, 05/15/24

     1,550       1,549,612  

City of Manhattan Kansas, RB

    

Series B-1, 2.88%, 06/01/28

     375       331,626  

Series B2, 2.38%, 06/01/27

     425       377,587  

City of Manhattan Kansas, Refunding RB, Series A, 4.00%, 06/01/26

     315       300,682  

City of Shawnee Kansas, RB, 4.00%, 08/01/31(c)

     500       478,928  

Wyandotte County-Kansas City Unified Government Utility System Revenue, RB, Series A, 5.00%, 09/01/33

     1,370       1,426,941  
   

 

 

  
      4,465,376  
Security  

Par

(000)

    Value  

Kentucky — 0.9%

    

Kentucky Public Energy Authority, RB,
Series A-1, 4.00%, 08/01/52(a)

   $ 4,225     $ 4,158,997  

Kentucky Public Transportation Infrastructure Authority, RB, CAB

    

Series B, 0.00%, 07/01/30(b)

     1,230       862,124  

Series C, Convertible, 6.40%, 07/01/33(f)

     1,500       1,761,200  

Louisville/Jefferson County Metropolitan Government, Refunding RB, Series A, 5.00%, 10/01/32

     7,300       7,693,360  
   

 

 

  
      14,475,681  
Louisiana — 1.6%            

City of Ruston Louisiana Sales Tax Revenue, RB

    

(AGM), 5.00%, 06/01/29

     1,060       1,126,801  

(AGM), 5.00%, 06/01/30

     1,000       1,063,060  

(AGM), 5.00%, 06/01/31

     1,020       1,084,362  

(AGM), 5.00%, 06/01/32

     1,225       1,302,351  

Louisiana Local Government Environmental Facilities & Community Development Authority, RB, 5.00%, 08/15/30

     4,700       5,077,729  

Louisiana Local Government Environmental Facilities & Community Development Authority, Refunding RB, Series A, 2.00%, 06/01/30

         1,250       1,124,945  

Louisiana Public Facilities Authority, RB(c)

    

Series A, 5.00%, 06/01/29

     710       715,164  

Series A, 5.00%, 04/01/30

     520       501,548  

Series A, 5.00%, 06/01/31

     500       482,124  

Louisiana Public Facilities Authority, Refunding RB

    

5.00%, 05/15/29

     1,235       1,298,483  

5.00%, 05/15/30

     990       1,040,923  

3.00%, 05/15/31

     2,225       2,146,684  

5.00%, 05/15/32

     1,485       1,561,463  

5.00%, 05/15/33

     2,175       2,286,828  

Louisiana Stadium & Exposition District, RB, 4.00%, 07/03/23

     1,000       1,000,407  

Louisiana Stadium & Exposition District, Refunding RB, Series A, 5.00%, 07/01/30

     3,000       3,006,720  

Terrebonne Levee & Conservation District Sales Tax Revenue, RB, 5.00%, 07/01/23(e)

     1,925       1,930,448  
   

 

 

  
          26,750,040  
Maine — 0.2%            

City of Portland Maine General Airport Revenue, Refunding RB

    

5.00%, 01/01/33

     695       767,140  

5.00%, 01/01/34

     305       335,215  

4.00%, 01/01/35

     1,000       1,016,636  

Maine Turnpike Authority, RB

    

5.00%, 07/01/29

     300       342,608  

5.00%, 07/01/30

     275       319,743  
   

 

 

  
      2,781,342  
Maryland — 1.7%            

Anne Arundel County Consolidated Special Taxing District, ST

    

4.20%, 07/01/24

     310       309,841  

4.90%, 07/01/30

     1,315       1,318,089  

City of Baltimore Maryland, Refunding RB, 5.00%, 09/01/31

     1,250       1,258,291  

County of Prince George’s Maryland, TA, 5.00%, 07/01/30(c)

     585       575,717  
 

 

 

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)

April 30, 2023

   

BlackRock Municipal 2030 Target Term Trust (BTT)

(Percentages shown are based on Net Assets)

 

Security  

Par

(000)

    Value  

Maryland (continued)

    

Howard County Housing Commission, RB, M/F Housing, 5.00%, 12/01/33

   $ 1,765     $ 1,906,908  

Maryland Health & Higher Educational Facilities Authority, Refunding RB

    

5.00%, 07/01/29

     2,200       2,278,861  

5.00%, 07/01/31

     2,400       2,526,917  

5.00%, 07/01/32

     500       537,653  

5.00%, 07/01/33

     2,585       2,724,858  

5.00%, 07/01/34

     775       828,678  

Series A, 5.00%, 01/01/31

     2,865       2,971,472  

Series A, 5.00%, 01/01/32

     3,010       3,122,050  

Series A, 5.00%, 01/01/33

     3,165       3,282,960  

State of Maryland, GO, 1st Series, 3.00%, 03/15/34

     5,000       5,043,385  
   

 

 

  
      28,685,680  
Massachusetts — 1.0%            

Commonwealth of Massachusetts, GO, Series I, 5.00%, 12/01/33

     5,000       5,421,690  

Massachusetts Bay Transportation Authority Sales Tax Revenue, Refunding RB, CAB, Series A, 0.00%, 07/01/32(b)

     4,000       2,958,916  

Massachusetts Development Finance Agency, RB, Series A, 5.00%, 01/01/33

     1,070       1,119,905  

Massachusetts Development Finance Agency, Refunding RB

    

Series A, 5.00%, 01/01/32

     2,020       2,137,516  

Series A, 5.00%, 01/01/33

     1,500       1,586,374  

Series A, 5.00%, 01/01/34

         2,085       2,197,031  

Series A, 5.00%, 01/01/35

     2,000       2,096,270  
   

 

 

  
          17,517,702  
Michigan — 2.6%            

City of Detroit Michigan, GO

    

5.00%, 04/01/26

     735       765,572  

5.00%, 04/01/27

     580       609,513  

5.00%, 04/01/28

     665       700,100  

5.00%, 04/01/29

     665       700,457  

5.00%, 04/01/30

     510       534,984  

5.00%, 04/01/31

     735       769,049  

5.00%, 04/01/32

     625       652,084  

5.00%, 04/01/33

     830       864,506  

Michigan Finance Authority, Refunding RB

    

5.00%, 08/15/23(e)

     2,105       2,114,588  

5.00%, 04/15/30

     4,000       4,549,736  

4.61%, 04/15/47(a)

     16,595       16,238,027  

Michigan State Housing Development Authority, RB, M/F Housing, Series A, 0.55%, 04/01/25

     985       931,922  

Michigan Strategic Fund, RB

    

AMT, 5.00%, 06/30/30

     1,325       1,394,601  

AMT, 5.00%, 12/31/32

     2,000       2,112,886  

AMT, 4.00%, 10/01/61(a)

     3,690       3,653,288  

Michigan Strategic Fund, Refunding RB

    

5.00%, 11/15/29

     1,260       1,247,358  

5.00%, 11/15/34

     1,410       1,376,709  

Saginaw Valley State University, Refunding RB

    

Series A, 5.00%, 07/01/31

     2,070       2,218,653  
Security  

Par

(000)

    Value  

Michigan (continued)

    

Saginaw Valley State University, Refunding RB (continued)

    

Series A, 5.00%, 07/01/32

   $ 1,430     $ 1,532,746  

State of Michigan Trunk Line Revenue, RB, 5.00%, 11/15/30

     800       940,693  
   

 

 

  
      43,907,472  
Minnesota — 0.5%            

City of Spring Lake Park Minnesota, RB, 4.00%, 06/15/29

     1,185       1,124,597  

Minnesota Housing Finance Agency, RB, S/F Housing
Series L, AMT, (FHLMC, FNMA, GNMA), 4.90%, 01/01/30

     465       491,957  

Series L, AMT, (FHLMC, FNMA, GNMA), 4.95%, 07/01/30

     490       520,554  

Sartell-St. Stephen Independent School District No 748, GO, CAB(b)

    

Series B, 0.00%, 02/01/30

     3,915       3,125,881  

Series B, 0.00%, 02/01/31

     2,190       1,689,359  

Series B, 0.00%, 02/01/32

     1,450       1,080,546  
   

 

 

  
      8,032,894  
Mississippi — 1.2%            

Mississippi Development Bank, Refunding RB

    

Series A, (AGM), 5.00%, 03/01/30

     2,280       2,405,655  

Series A, (AGM), 5.00%, 03/01/31

     1,595       1,682,971  

Series A, (AGM), 5.00%, 03/01/32

     2,000       2,110,380  

Series A, (AGM), 5.00%, 03/01/33

     1,275       1,345,413  

State of Mississippi Gaming Tax Revenue, RB,

    

Series E, 5.00%, 10/15/33

         12,225       12,819,685  
   

 

 

  
      20,364,104  
Missouri — 0.6%            

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

    

5.00%, 05/01/30

     3,000       3,000,000  

5.00%, 05/15/31

     1,175       1,250,078  

4.00%, 05/15/32

     1,680       1,730,447  

4.00%, 05/15/33

     2,000       2,055,282  

Series A, 4.00%, 11/15/33

     2,010       2,015,377  

Industrial Development Authority of the City of St. Louis Missouri, Refunding RB, Series A, 3.88%, 11/15/29

     905       796,031  
   

 

 

  
      10,847,215  
Montana — 0.6%            

City of Forsyth Montana, Refunding RB, Series A, 3.90%, 03/01/31(a)

     10,050           10,055,075  
   

 

 

  
Nebraska — 0.0%            

Elkhorn School District, GO

    

4.00%, 12/15/32

     325       346,357  

4.00%, 12/15/33

     375       397,249  
   

 

 

  
      743,606  
Nevada — 0.4%            

County of Clark Nevada, Refunding GO, Series B, 4.00%, 11/01/34

     5,000       5,172,575  
 

 

 

5  

    

Schedule of Investments (unaudited) (continued)

April 30, 2023

   

BlackRock Municipal 2030 Target Term Trust (BTT)

(Percentages shown are based on Net Assets)

 

Security  

Par

(000)

    Value  

Nevada (continued)

    

State of Nevada Department of Business & Industry, RB(c)

    

Series A, 5.00%, 07/15/27

   $ 335     $ 340,857  

Series A, 4.50%, 12/15/29

     485       470,414  
   

 

 

  
      5,983,846  
New Hampshire — 0.6%            

New Hampshire Business Finance Authority, Refunding RB

    

4.00%, 01/01/28

     285       274,622  

4.00%, 01/01/29

     300       288,084  

4.00%, 01/01/30

     280       267,238  

Class A, AMT, 4.24%, 10/01/33(a)

     7,180       6,971,902  

Series A, AMT, 4.00%, 11/01/27(c)

     2,205       2,064,795  
   

 

 

  
      9,866,641  
New Jersey — 16.2%            

Atlantic City Board of Education, Refunding GO

    

(AGM), 4.00%, 04/01/30

     170       179,077  

(AGM), 4.00%, 04/01/31

     175       183,923  

Industrial Pollution Control Financing Authority of Gloucester County, Refunding RB, Series A, AMT, 5.00%, 12/01/24(d)

     620       627,961  

New Jersey Economic Development Authority, ARB

    

AMT, 5.25%, 09/15/29

     6,500       6,522,054  

Series A, AMT, 5.63%, 11/15/30

     1,740       1,761,680  

Series B, AMT, 5.63%, 11/15/30

     1,315       1,330,324  

New Jersey Economic Development Authority, RB

    

Series A, 4.00%, 06/15/29(c)

     525       500,558  

Series A, 4.00%, 07/01/29

     350       348,469  

Series A, 5.00%, 06/15/32

     4,500       4,858,699  

Series C, 5.00%, 06/15/32

     3,600       3,886,960  

Series DDD, 5.00%, 06/15/27(e)

     2,000       2,189,260  

Series QQQ, 5.00%, 06/15/30

     600       673,331  

AMT, 5.00%, 01/01/28

     4,705       4,707,988  

New Jersey Economic Development Authority, Refunding RB

    

(AGM), 5.00%, 06/01/28

     1,000       1,065,444  

5.00%, 01/01/29

     2,280       2,211,990  

(AGM), 5.00%, 06/01/30

     1,500       1,597,922  

(AGM), 5.00%, 06/01/31

     1,750       1,861,008  

(AGM), 4.00%, 06/01/32

     2,125       2,154,478  

Series MMM, 4.00%, 06/15/35

     5,000       5,095,315  

Sub-Series A, 4.00%, 07/01/32

     9,855       10,023,254  

Series A, AMT, 2.20%, 10/01/39(a)

     4,000       3,513,084  

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

     5,000       4,902,375  

New Jersey Educational Facilities Authority, RB,

    

Series A, 4.00%, 09/01/30

     5,860       5,929,441  

New Jersey Health Care Facilities Financing Authority, Refunding RB

    

5.00%, 07/01/28

     1,500       1,540,856  

5.00%, 07/01/29

     4,150       4,378,560  

5.00%, 07/01/30

     3,500       3,689,644  

Series A, 5.00%, 07/01/30

     11,245       11,990,813  

New Jersey Higher Education Student Assistance Authority, RB

    

Series 1A, AMT, 5.00%, 12/01/25

     5,500       5,689,057  

Series 1A, AMT, 5.00%, 12/01/26

     2,250       2,328,858  

Series A, AMT, 4.00%, 12/01/32

     1,190       1,226,846  

Series A, AMT, 4.00%, 12/01/33

     960       984,924  
Security  

Par

(000)

    Value  

New Jersey (continued)

    

New Jersey Higher Education Student Assistance Authority, RB (continued)

    

Series A, AMT, 4.00%, 12/01/34

   $ 475     $ 486,703  

Series A, AMT, 4.00%, 12/01/35

     475       486,117  

Series B, AMT, 5.00%, 12/01/23

     50       50,390  

Series B, AMT, 5.00%, 12/01/30(g)

     5,000       5,501,300  

New Jersey Higher Education Student Assistance Authority, Refunding RB, Series A, AMT, 5.00%, 12/01/23

     215       216,676  

New Jersey Housing & Mortgage Finance Agency, Refunding RB, Series A, AMT, 3.80%, 10/01/32

     10,165       9,776,971  

New Jersey Transportation Trust Fund Authority, RB

    

Series AA, 5.25%, 06/15/27

     4,225       4,391,904  

Series AA, 5.25%, 06/15/28

     4,500       4,679,158  

Series BB, 5.00%, 06/15/30

     1,500       1,648,484  

Series C, (NPFGC), 0.00%, 12/15/30(b)

     45,000       34,658,899  

Series C, 5.25%, 06/15/32

     10,000       10,310,540  

Series D, 5.00%, 06/15/32

     5,000       5,150,840  

New Jersey Transportation Trust Fund Authority, Refunding RB

    

Series A, 5.00%, 06/15/30

     6,600       6,976,787  

Series A, 5.00%, 12/15/30

     21,325       23,322,363  

Newark Housing Authority, Refunding RB, (NPFGC), 5.25%, 01/01/27

     5,000       5,317,355  

South Jersey Transportation Authority, Refunding RB, Series A, 5.00%, 11/01/33

     500       508,904  

State of New Jersey, GO, Series A, 4.00%, 06/01/30

     26,000       28,194,946  

Tobacco Settlement Financing Corp., Refunding RB

    

Series A, 5.00%, 06/01/30

     16,740       18,140,535  

Series A, 5.00%, 06/01/32

     8,270       8,919,352  

Township of Irvington New Jersey, Refunding GO, Series A, (AGM), 5.00%, 07/15/24(e)

     3,450       3,528,415  
   

 

 

  
      270,220,792  
New Mexico — 0.1%            

City of Santa Fe New Mexico, RB, Series A, 5.00%, 05/15/34

     480       455,770  

City of Santa Fe New Mexico, Refunding RB, 5.00%, 05/15/32

     1,000       961,565  

New Mexico Educational Assistance Foundation, RB

    

Series A-1, AMT, 3.75%, 09/01/31

     100       100,993  

Series A-1, AMT, 3.88%, 04/01/34

     20       20,191  

Series A-2, AMT, 3.80%, 11/01/32

     100       101,020  

Series A-2, AMT, 3.80%, 09/01/33

     100       100,878  
   

 

 

  
      1,740,417  
New York — 4.5%            

Build NYC Resource Corp., Refunding RB, AMT, 4.50%, 01/01/25(c)

     375       377,694  

County of Nassau New York, GO

    

Series A, (AGM), 5.00%, 04/01/34

     4,165       4,631,334  

Series A, (AGM), 5.00%, 04/01/35

     4,385       4,848,937  

Genesee County Funding Corp., Refunding RB,

    

Series A, 5.00%, 12/01/30

     500       546,288  

Hempstead Town Local Development Corp., Refunding RB

    

5.00%, 06/01/30

     200       225,510  

5.00%, 06/01/31

     300       342,328  

5.00%, 06/01/32

     100       114,017  

Metropolitan Transportation Authority, Refunding RB 2nd Sub Series, (AGM), 4.02%, 11/01/32(a)

     2,875       2,834,327  
 

 

 

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)

April 30, 2023

   

BlackRock Municipal 2030 Target Term Trust (BTT)

(Percentages shown are based on Net Assets)

 

Security  

Par

(000)

    Value  

New York (continued)

    

Metropolitan Transportation Authority, Refunding RB (continued)

    

Sub-Series C-1, 5.00%, 11/15/34

   $ 10,000     $ 10,631,050  

Metropolitan Transportation Authority, Refunding RB, CAB, Series A, 0.00%, 11/15/30(b)

     13,000       10,006,750  

New York City Transitional Finance Authority Future Tax Secured Revenue, RB, Sub-Series B-1, 5.00%, 08/01/30

     4,980       5,481,232  

New York State Energy Research & Development Authority, Refunding RB, Series D, 3.50%, 10/01/29

     9,000       8,819,226  

New York Transportation Development Corp., ARB

    

Series A, AMT, 4.00%, 07/01/32

     5,500       5,480,717  

Series A, AMT, 4.00%, 07/01/33

     6,000       5,912,970  

New York Transportation Development Corp., RB

    

AMT, 4.00%, 10/01/30

     8,140       7,997,753  

AMT, 4.00%, 10/31/34

     350       327,236  

New York Transportation Development Corp., Refunding ARB, AMT, 3.00%, 08/01/31

     2,275       1,917,463  

New York Transportation Development Corp., Refunding RB

    

Series A, AMT, 5.00%, 12/01/28

     350       370,190  

Series A, AMT, 5.00%, 12/01/29

     235       251,051  

Series A, AMT, 5.00%, 12/01/30

     250       269,313  

Port Authority of New York & New Jersey, Refunding ARB, Series 223, AMT, 5.00%, 07/15/30

     3,730       4,182,598  
   

 

 

  
      75,567,984  
North Carolina — 1.7%            

City of Charlotte North Carolina, Refunding GO

    

Series A, 5.00%, 06/01/28

     330       371,793  

Series A, 5.00%, 06/01/29

     350       402,484  

Series A, 5.00%, 06/01/30

     485       568,787  

North Carolina Medical Care Commission, RB

    

4.00%, 09/01/33

     175       167,368  

4.00%, 09/01/34

     185       174,551  

Series A, 4.00%, 10/01/27

     600       584,112  

North Carolina Medical Care Commission, Refunding RB, 5.00%, 10/01/30

     1,500       1,481,268  

North Carolina Turnpike Authority, Refunding RB, CAB, Series C, (SAP), 0.00%, 07/01/30(b)

     550       402,814  

University of North Carolina at Chapel Hill, Refunding RB(a)

    

Series A, 3.87%, 12/01/34

     7,000       6,731,102  

Series A, 3.87%, 12/01/41

         17,845       17,717,069  
   

 

 

  
          28,601,348  
Ohio — 1.4%            

Akron Bath Copley Joint Township Hospital District, Refunding RB, Class A, 5.00%, 11/15/30

     1,010       1,152,761  

Allen County Port Authority, Refunding RB, Series A, 4.00%, 12/01/31

     460       467,627  

American Municipal Power, Inc., Refunding RB, Series A-2, 1.00%, 02/15/48(a)

     6,000       5,843,100  

Ohio Air Quality Development Authority, Refunding RB
3.25%, 09/01/29

     4,450       4,169,485  

4.00%, 09/01/30(a)

     1,650       1,655,499  

Series A, AMT, 4.25%, 11/01/39(a)

     1,525       1,531,221  
Security  

Par

(000)

    Value  

Ohio (continued)

    

Ohio State University, RB, Class A, 5.00%, 12/01/30

   $ 3,320     $ 3,923,015  

State of Ohio, RB

    

AMT, (AGM), 5.00%, 12/31/29

     1,625       1,684,582  

AMT, (AGM), 5.00%, 12/31/30

     2,400       2,488,430  
   

 

 

  
      22,915,720  
Oklahoma — 0.8%            

Norman Regional Hospital Authority, Refunding RB

    

5.00%, 09/01/27

     2,100       2,127,397  

5.00%, 09/01/28

     2,000       2,026,320  

5.00%, 09/01/29

     2,150       2,175,656  

5.00%, 09/01/30

     5,130       5,185,219  

Oklahoma Capitol Improvement Authority, RB,

    

Series B, 5.00%, 07/01/30

     2,150       2,470,348  
   

 

 

  
      13,984,940  
Oregon — 0.9%            

Oregon Health & Science University, Refunding RB, Series B, 5.00%, 07/01/35

     7,390       7,875,383  

Oregon State Facilities Authority, Refunding RB,

    

Series B, 5.00%, 06/01/30

     4,750       5,309,878  

Port of Morrow Oregon, Refunding GO

    

Series A, 4.00%, 06/01/30

     1,205       1,270,474  

Series D, 4.00%, 12/01/30

     880       929,686  
   

 

 

  
          15,385,421  
Pennsylvania — 16.7%            

Allegheny County Hospital Development Authority, RB, Series D2, 4.56%, 11/15/47(a)

         5,205       5,259,980  

Allegheny County Hospital Development Authority, Refunding RB

    

Series A, 5.00%, 04/01/31

     3,075       3,320,376  

Series A, 5.00%, 04/01/34

     3,345       3,574,327  

Series A, 5.00%, 04/01/35

     1,000       1,060,835  

Allentown City School District, Refunding GO, Series B, (BAM SAW), 5.00%, 02/01/31

     4,000       4,444,104  

Allentown Neighborhood Improvement Zone Development Authority, RB(c)

    

5.00%, 05/01/23

     160       160,010  

5.00%, 05/01/28

     835       851,920  

Allentown Neighborhood Improvement Zone Development Authority, Refunding RB

    

5.00%, 05/01/29

     450       470,545  

5.00%, 05/01/30

     450       473,543  

Bucks County Industrial Development Authority, RB

    

5.00%, 07/01/29

     555       551,469  

5.00%, 07/01/30

     700       692,528  

Chester County Health and Education Facilities Authority, Refunding RB

    

Series A, 5.00%, 12/01/30

     2,180       2,068,299  

Series A, 5.00%, 10/01/32

     1,450       1,557,500  

Chester County Industrial Development Authority, SAB, 4.38%, 03/01/28(c)

     197       195,479  

City of Philadelphia Pennsylvania Airport Revenue, Refunding RB, Series A, 5.00%, 07/01/30

     5,000       5,678,860  

City of Philadelphia Pennsylvania, Refunding GO

    

(AGM), 5.00%, 08/01/30

     9,235       9,968,342  

(AGM), 4.00%, 08/01/32

     6,000       6,188,520  
 

 

 

7  

    

Schedule of Investments (unaudited) (continued)

April 30, 2023

   

BlackRock Municipal 2030 Target Term Trust (BTT)

(Percentages shown are based on Net Assets)

 

Security  

Par

(000)

    Value  

Pennsylvania (continued)

    

City of Philadelphia Pennsylvania, Refunding GO (continued)

    

Series A, 5.00%, 08/01/30

   $ 4,500     $ 4,893,903  

Clarion County Industrial Development Authority, Refunding RB, AMT, 2.45%, 12/01/39(a)

     4,200       3,936,303  

Commonwealth Financing Authority, RB, 5.00%, 06/01/32

     6,000       6,508,098  

Commonwealth of Pennsylvania, Refunding GO, 1st Series, 4.00%, 01/01/30

     7,000       7,350,896  

Cumberland County Municipal Authority, Refunding RB

    

5.00%, 01/01/29

     570       572,440  

5.00%, 01/01/30

     1,285       1,290,535  

5.00%, 01/01/32

     1,510       1,521,722  

Dauphin County General Authority, Refunding RB, Series A, 4.00%, 06/01/31

     2,275       2,338,693  

East Hempfield Township Industrial Development Authority, RB(e)

    

5.00%, 07/01/23

     1,280       1,283,053  

5.00%, 07/01/25

     825       860,720  

Geisinger Authority, Refunding RB

    

Series A-2, 5.00%, 02/15/32

     4,000       4,257,656  

Series A-2, 5.00%, 02/15/34

     1,750       1,856,687  

Lancaster County Hospital Authority, Refunding RB,

    

Series A, 3.00%, 08/15/30

     2,535       2,530,792  

Latrobe Industrial Development Authority, Refunding RB, 5.00%, 03/01/30

     150       157,664  

Lehigh County Industrial Development Authority, Refunding RB, Series A, 3.00%, 09/01/29

         15,000           14,785,650  

Montgomery County Higher Education and Health Authority, Refunding RB

    

4.00%, 09/01/35

     1,735       1,756,476  

4.00%, 09/01/36

     1,500       1,501,458  

Series A, 5.00%, 09/01/31

     1,750       1,914,796  

Series A, 5.00%, 09/01/32

     1,315       1,434,619  

Montgomery County Industrial Development Authority, Refunding RB

    

5.00%, 01/01/30

     2,000       1,905,348  

4.10%, 04/01/53(a)

     7,905       7,988,429  

Series A, 5.25%, 01/15/25(e)

     3,250       3,368,794  

Northampton County General Purpose Authority, RB,

    

Series A, 5.00%, 08/15/23(e)

     10,000       10,048,130  

Northampton County General Purpose Authority, Refunding RB, 5.00%, 11/01/34

     5,400       5,855,776  

Pennsylvania Economic Development Financing Authority, RB

    

Series A-1, 5.00%, 04/15/30

     2,500       2,811,783  

AMT, 5.00%, 12/31/29

     8,750       9,135,520  

AMT, 5.00%, 06/30/30

     3,500       3,734,637  

AMT, 5.00%, 12/31/30

     13,100       13,471,123  

AMT, 5.00%, 12/31/34

     16,500       16,849,123  

Pennsylvania Economic Development Financing Authority, Refunding RB, 5.00%, 03/15/31

     4,500       4,788,031  

Pennsylvania Higher Educational Facilities Authority, RB, Series AT-1, 5.00%, 06/15/30

     7,910       8,454,271  

Pennsylvania Higher Educational Facilities Authority, Refunding RB

    

5.00%, 05/01/30

     425       447,758  

5.00%, 05/01/31

     1,275       1,343,308  

4.00%, 05/01/32

     3,000       2,613,585  
Security  

Par

(000)

    Value  

Pennsylvania (continued)

    

Pennsylvania Higher Educational Facilities Authority, Refunding RB (continued)

    

5.00%, 05/01/32

   $ 1,750     $ 1,843,823  

5.00%, 05/01/33

     3,320       3,498,201  

5.00%, 05/01/35

     1,000       1,052,637  

Pennsylvania Housing Finance Agency, RB, S/F Housing

    

Series 137, 1.90%, 04/01/30

     1,625       1,474,644  

Series 137, 1.95%, 10/01/30

     875       789,289  

Pennsylvania Housing Finance Agency, Refunding RB, Series 125A, AMT, 3.40%, 10/01/32

     9,000       8,674,668  

Pennsylvania Turnpike Commission, RB

    

Series B, 5.00%, 12/01/29

     800       911,318  

Series B, 5.00%, 12/01/30

     620       717,967  

Sub-Series B-1, 5.00%, 06/01/31

     3,000       3,233,298  

Sub-Series B-1, 5.00%, 06/01/32

     4,075       4,392,887  

Sub-Series B-1, 5.00%, 06/01/33

     4,000       4,311,856  

Pennsylvania Turnpike Commission, Refunding RB

    

2nd Series, 5.00%, 12/01/32

     1,000       1,086,897  

2nd Series, 5.00%, 12/01/35

     2,005       2,145,530  

2nd Sub Series, 5.00%, 12/01/33

     1,815       1,969,291  

2nd Sub Series, 5.00%, 12/01/34

     1,500       1,619,471  

Series B, 5.00%, 12/01/30

     330       382,144  

Sub-Series B-2, (AGM), 5.00%, 06/01/34

     4,000       4,313,304  

Philadelphia Authority for Industrial Development, RB, 4.00%, 06/15/29

     350       334,152  

Philadelphia Gas Works Co., RB, Series A, (AGM), 5.00%, 08/01/30

     800       915,887  

Philadelphia Gas Works Co., Refunding RB,

    

Series 14-T, 5.00%, 10/01/30

     425       453,179  

Pittsburgh Water & Sewer Authority, RB, Series B, (AGM), 5.00%, 09/01/30

     205       236,888  

Southeastern Pennsylvania Transportation Authority, RB, 5.00%, 06/01/30

         5,000           5,730,315  

Wayne County Hospital & Health Facilities Authority, RB

    

Series A, (GTD), 5.00%, 07/01/31

     460       495,536  

Series A, (GTD), 4.00%, 07/01/33

     440       450,851  

West Cornwall Township Municipal Authority, Refunding RB

    

Series A, 4.00%, 11/15/27

     130       126,407  

Series A, 4.00%, 11/15/28

     105       101,335  

Series A, 4.00%, 11/15/29

     140       133,033  

Series A, 4.00%, 11/15/30

     190       179,380  

Series A, 4.00%, 11/15/31

     200       187,655  

Westmoreland County Municipal Authority, Refunding RB

    

(BAM), 5.00%, 08/15/27

     1,500       1,563,879  

(BAM), 5.00%, 08/15/31

     5,000       5,418,010  

(BAM), 5.00%, 08/15/32

     17,945       19,427,185  
   

 

 

  
      278,255,331  
Puerto Rico — 4.4%            

Commonwealth of Puerto Rico, GO, Series A1, Restructured, 5.63%, 07/01/29

     1,533       1,627,023  

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

    

Series A1, Restructured, 0.00%, 07/01/29

     14,055       10,587,744  

Series A1, Restructured, 0.00%, 07/01/33

     43,149       26,526,322  
 

 

 

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)

April 30, 2023

   

BlackRock Municipal 2030 Target Term Trust (BTT)

(Percentages shown are based on Net Assets)

 

Security  

Par

(000)

    Value  

Puerto Rico (continued)

    

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

    

Series A-1, Restructured, 0.00%, 07/01/31

   $ 38,523     $ 26,471,349  

Series B-1, Restructured, 0.00%, 07/01/31

     5,755       3,928,639  

Series B-1, Restructured, 0.00%, 07/01/33

     6,477       4,005,785  
   

 

 

  
      73,146,862  
Rhode Island — 1.0%            

Rhode Island Health and Educational Building Corp., Refunding RB, 5.00%, 05/15/30

     1,500       1,539,970  

Rhode Island Student Loan Authority, RB

    

Series A, AMT, 5.00%, 12/01/29

     1,950       2,147,465  

Series A, AMT, 5.00%, 12/01/30

     1,300       1,448,571  

Tobacco Settlement Financing Corp., Refunding RB

    

Series A, 5.00%, 06/01/28

     2,750       2,786,402  

Series A, 5.00%, 06/01/29

     4,500       4,560,232  

Series A, 5.00%, 06/01/30

     4,215       4,272,088  
   

 

 

  
      16,754,728  
South Carolina — 0.8%            

South Carolina Jobs-Economic Development Authority, Refunding RB, Series A, 5.00%, 05/01/35

         10,000       10,527,920  

South Carolina Public Service Authority, Refunding RB, Series A, 5.00%, 12/01/31

     2,800       3,104,002  
   

 

 

  
      13,631,922  
Tennessee — 1.3%            

Chattanooga Health Educational & Housing Facility Board, Refunding RB, Series A, 4.00%, 08/01/36

     2,000       1,972,348  

Chattanooga-Hamilton County Hospital Authority, Refunding RB, Series A, 5.00%, 10/01/31

     6,210       6,316,825  

Metropolitan Government Nashville & Davidson County Health & Educational Facilities Board, RB, Series A, 5.00%, 07/01/31

     1,300       1,366,271  

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

     6,000       6,000,246  

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

     5,000       5,287,545  
   

 

 

  
      20,943,235  
Texas — 13.5%            

Arlington Higher Education Finance Corp., RB, 4.00%, 06/15/31

     3,260       2,947,464  

Central Texas Regional Mobility Authority, RB,

    

Series A, Senior Lien, 5.00%, 07/01/25(e)

     4,275       4,457,760  

Central Texas Turnpike System, RB

    

Series C, 5.00%, 08/15/32

     12,500       12,733,400  

Series C, 5.00%, 08/15/33

     14,000       14,283,640  

City of Austin Texas Airport System Revenue, ARB,

    

AMT, 5.00%, 11/15/30

     2,000       2,223,478  

City of Austin Texas Water & Wastewater System Revenue, Refunding RB, Series C, 5.00%, 11/15/30

     900       1,047,896  

City of Houston Texas Airport System Revenue, ARB

    

AMT, 5.00%, 07/15/28

     3,000       3,022,818  

Series B-1, AMT, 5.00%, 07/15/30

     1,900       1,891,201  

City of Houston Texas Airport System Revenue, Refunding RB

    

Sub-Series D, 5.00%, 07/01/33

     7,000       7,740,362  

AMT, 5.00%, 07/01/29

     2,650       2,649,931  

Series C, AMT, 5.00%, 07/15/27

     2,000           2,038,164  
Security  

Par

(000)

    Value  

Texas (continued)

    

City of Houston Texas Airport System Revenue, Refunding RB (continued)

    

Sub-Series A, AMT, 5.00%, 07/01/30

   $ 1,200     $ 1,323,228  

City of Houston Texas Combined Utility System Revenue, Refunding RB, Series B, 1st Lien, Subordinate, 5.00%, 11/15/34

     7,315       7,901,656  

Clifton Higher Education Finance Corp., RB, 6.00%, 08/15/33

     1,650       1,660,765  

Clifton Higher Education Finance Corp., Refunding RB

    

Series A, (PSF), 4.00%, 08/15/31

     1,250       1,282,270  

Series A, 3.95%, 12/01/32

     1,800       1,760,864  

County of Nueces Texas, Refunding GO

    

4.00%, 02/15/33

     1,165       1,226,623  

4.00%, 02/15/35

     725       752,803  

Dallas Fort Worth International Airport, Refunding RB, 5.00%, 11/01/32

     5,000       5,800,360  

DeSoto Independent School District, Refunding GO, (PSF), 5.00%, 08/15/30

     3,980       4,515,995  

Harris County Cultural Education Facilities Finance Corp., RB

    

Series B, 5.75%, 01/01/28

     500       499,958  

Series B, 6.38%, 01/01/33

     40       40,008  

Harris County Cultural Education Facilities Finance Corp., Refunding RB

    

Series A, 5.00%, 06/01/28

     1,150       1,110,985  

Series A, 5.00%, 01/01/33

     1,090       1,013,630  

Series A, 5.00%, 06/01/33

     3,000       2,775,741  

Leander Independent School District, Refunding GO, CAB(b)

    

Series D, (PSF), 0.00%, 08/15/24(e)

     4,610       2,944,941  

Series D, (PSF), 0.00%, 08/15/31

     1,200       845,920  

Series D, (PSF), 0.00%, 08/15/32

     1,875       1,266,621  

Love Field Airport Modernization Corp., ARB, AMT, 5.00%, 11/01/26

     430       451,170  

Matagorda County Navigation District No. 1, Refunding RB

    

Series A, (AMBAC), 4.40%, 05/01/30

     26,120       26,199,431  

Series B-2, 4.00%, 06/01/30

     12,995       12,615,117  

Series B, AMT, (AMBAC), 4.55%, 05/01/30

     10,000       9,944,420  

Midland County Fresh Water Supply District No. 1, RB, CAB, Series A,
0.00%, 09/15/27(b)(e)

         21,370           15,233,714  

Mission Economic Development Corp., Refunding RB, AMT, Senior Lien, 4.63%, 10/01/31(c)

     3,805       3,724,014  

New Hope Cultural Education Facilities Finance Corp., RB, Series A, 4.00%, 08/15/29(c)

     335       331,167  

Socorro Independent School District, Refunding GO, Series B, (PSF), 4.00%, 08/15/34

     3,000       3,120,282  

Spring Branch Independent School District, GO, (PSF), 3.00%, 02/01/33

     5,000       5,021,000  

Tarrant County Cultural Education Facilities Finance Corp., RB

    

Class F, 5.00%, 11/15/52(a)

     3,585       4,031,017  

Series A, 4.00%, 05/15/23(e)

     15,920       15,923,932  

Series B, 5.00%, 07/01/35

     6,000       6,498,522  

Tarrant County Cultural Education Facilities Finance Corp., Refunding RB, Series A-1, 5.00%, 10/01/29

     1,000       1,008,689  
 

 

 

9  

    

Schedule of Investments (unaudited) (continued)

April 30, 2023

   

BlackRock Municipal 2030 Target Term Trust (BTT)

(Percentages shown are based on Net Assets)

 

Security  

Par

(000)

    Value  

Texas (continued)

    

Texas Municipal Gas Acquisition & Supply Corp. III, Refunding RB

    

5.00%, 12/15/30

   $ 16,435     $ 17,291,526  

5.00%, 12/15/32

     5,000       5,289,990  

Texas Public Finance Authority, Refunding RB, 4.00%, 12/01/31

     1,650       1,719,815  

Texas Water Development Board, RB, 5.00%, 10/15/30

     3,850       4,504,046  
   

 

 

  
      224,666,334  
Utah — 0.3%            

Utah Transit Authority, Refunding RB, Subordinate, 4.00%, 12/15/31

     5,000       5,234,850  
   

 

 

  
Virginia — 0.9%            

Dulles Town Center Community Development Authority, Refunding SAB, 4.25%, 03/01/26

     500       485,238  

Fairfax County Economic Development Authority, RB,

    

Series A, 5.00%, 12/01/23(e)

     2,000       2,020,870  

Hanover County Economic Development Authority, Refunding RB, 4.00%, 07/01/30(c)

     1,000       918,736  

Loudoun County Economic Development Authority, RB, Series B, 3.72%, 02/15/38(a)

         10,000       10,000,000  

Norfolk Redevelopment & Housing Authority, RB, Series B, 4.00%, 01/01/25

     1,650       1,607,466  
   

 

 

  
          15,032,310  
Washington — 2.3%            

County of King Washington Sewer Revenue, Refunding RB, Series A, Junior Lien, 4.09%, 01/01/40(a)

     5,750       5,626,594  

Port of Seattle Washington, ARB

    

Series C, AMT, Intermediate Lien, 5.00%, 05/01/33

     6,695       7,095,153  

Series C, AMT, Intermediate Lien, 5.00%, 05/01/34

     6,000       6,342,978  

Washington Health Care Facilities Authority, Refunding RB, Series B, 5.00%, 08/15/35

     9,485       10,079,662  

Washington State Convention Center Public Facilities District, RB, 4.00%, 07/01/31

     4,240       4,028,263  

Washington State Housing Finance Commission, Refunding RB

    

5.00%, 07/01/28

     1,000       1,001,261  

5.00%, 07/01/33

     1,320       1,321,670  

WBRP 3.2, RB

    

Series A, 5.00%, 01/01/31

     1,000       1,050,879  

Series A, 5.00%, 01/01/32

     1,140       1,198,033  
   

 

 

  
      37,744,493  
West Virginia — 0.2%            

West Virginia Hospital Finance Authority, RB

    

Series A, 5.00%, 06/01/31

     1,950       2,063,509  

Series A, 5.00%, 06/01/33

     1,100       1,160,014  
   

 

 

  
      3,223,523  
Wisconsin — 3.0%            

Public Finance Authority, RB(c)

    

4.00%, 06/15/30

     1,520       1,364,758  

5.00%, 01/01/31

     650       645,294  

Class A, 5.00%, 06/15/31

     720       704,162  

Series A, 4.00%, 07/15/29

     645       598,879  

Series A, 4.00%, 03/01/30

     1,305       1,232,771  

Series A, 3.75%, 06/01/30

     345       320,998  

Public Finance Authority, Refunding RB

    

4.00%, 09/01/29(c)

     375       330,004  
Security  

Par

(000)

    Value  

Wisconsin (continued)

    

Public Finance Authority, Refunding RB (continued)

    

Class A, 3.00%, 12/01/26

   $ 250     $ 235,280  

Class C, 4.00%, 10/01/41(a)

     7,000       7,123,571  

AMT, 2.63%, 11/01/25

     3,000       2,899,020  

Class B, AMT, 4.00%, 10/01/46(a)

     1,750       1,859,508  

Series B, AMT, 5.25%, 07/01/28

     2,250       2,250,378  

State of Wisconsin, GO, Series A, 4.28%, 05/01/25(a)

    12,160       12,122,802  

Wisconsin Health & Educational Facilities Authority, Refunding RB

    

5.00%, 04/01/35

     2,500       2,725,452  

Series C-4, 4.51%, 08/15/54(a)

     8,200       8,230,078  

Wisconsin Housing & Economic Development Authority Home Ownership Revenue, RB, S/F Housing, Series D, (FNMA COLL), 3.00%, 09/01/32

     7,265       6,678,685  
   

 

 

  
      49,321,640  
   

 

 

  

Total Municipal Bonds — 138.4%
(Cost: $2,338,972,729)

           2,307,693,251  
   

 

 

  

Municipal Bonds Transferred to Tender Option Bond Trusts(h)(i)

 

Colorado — 0.6%

    

City & County of Denver Colorado Airport System Revenue, Refunding ARB

    

Series A, AMT, 4.25%, 11/15/31

     8,085       8,089,725  

Series A, AMT, 4.25%, 11/15/32

     2,230       2,231,435  
   

 

 

  
      10,321,160  

Florida — 5.7%

    

County of Broward Florida Airport System Revenue, ARB

    

Series Q-1, 4.00%, 10/01/29

     17,200       17,208,742  

Series Q-1, 4.00%, 10/01/30

     18,095       18,104,224  

Series Q-1, 4.00%, 10/01/31

     18,820       18,829,586  

Series Q-1, 4.00%, 10/01/32

     19,575       19,584,964  

Series Q-1, 4.00%, 10/01/33

     20,355       20,365,370  
   

 

 

  
      94,092,886  
   

 

 

  

Total Municipal Bonds Transferred to Tender Option Bond Trusts — 6.3%
(Cost: $104,359,982)

 

     104,414,046  
   

 

 

  

Total Long-Term Investments — 144.7%
(Cost: $2,443,332,711)

 

         2,412,107,297  
   

 

 

  
 

 

 

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)

April 30, 2023

   

BlackRock Municipal 2030 Target Term Trust (BTT)

(Percentages shown are based on Net Assets)

 

Security   Shares      Value  

 

  

Short-Term Securities

     

Money Market Funds — 3.4%

     

BlackRock Liquidity Funds, MuniCash, Institutional Class, 3.27%(j)(k)

     56,647,236      $ 56,641,572  
    

 

 

  

Total Short-Term Securities — 3.4%
(Cost: $56,641,949)

        56,641,572  
    

 

 

  

Total Investments — 148.1%
(Cost: $2,499,974,660)

        2,468,748,869  

Other Assets Less Liabilities — 1.1%

 

      17,869,231  

Liability for TOB Trust Certificates, Including Interest Expense and Fees Payable — (4.2)%

 

      (69,820,567 ) 

RVMTP Shares at Liquidation Value, Net of Deferred Offering Costs — (45.0)%

 

      (749,759,935 ) 
    

 

 

  

Net Assets Applicable to Common
Shares — 100.0%

 

    $   1,667,037,598  
    

 

 

  

 

(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)

Zero-coupon bond.

 

(c)

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.

(d)

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

(e)

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.

(f) 

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.

(g)

When-issued security.

(h)

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.

(i)

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 October 1, 2029 to November 15, 2032, is $71,728,412.

(j) 

Affiliate of the Trust.

(k) 

Annualized 7-day yield as of period end.

 

Affiliates

Investments in issuers considered to be affiliate(s) of the Trust during the period ended April 30, 2023 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

 

 

  
Affiliated Issuer   Value at
07/31/22		     Purchases
at Cost		     Proceeds
from Sales		     Net
Realized
Gain (Loss)		     Change in
Unrealized
Appreciation
(Depreciation)		     Value at
04/30/23		     Shares
Held at
04/30/23		     Income     Capital Gain
Distributions
from
Underlying
Funds		  

 

  

BlackRock Liquidity Funds, MuniCash, Institutional Class

   $ 53,019,664     $ 3,660,078 (a)    $ —     $ (36,685 )    $ (1,485 )    $ 56,641,572       56,647,236     $ 1,139,233     $ —  
       

 

 

    

 

 

    

 

 

      

 

 

    

 

 

  

 

  (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 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 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 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.

 

 

11  

    

Schedule of Investments (unaudited) (continued)

April 30, 2023

   

BlackRock Municipal 2030 Target Term Trust (BTT)

 

Fair Value Hierarchy as of Period End (continued)

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

    $ —        $ 2,307,693,251        $ —        $ 2,307,693,251  

Municipal Bonds Transferred to Tender Option Bond Trusts

      —          104,414,046          —          104,414,046  

Short-Term Securities

                  

Money Market Funds

      56,641,572          —          —          56,641,572  
  

 

 

       

 

 

       

 

 

       

 

 

  
   $   56,641,572        $   2,412,107,297        $ —        $   2,468,748,869  
  

 

 

       

 

 

       

 

 

       

 

 

  

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

    $ —        $ (69,569,982 )       $ —        $ (69,569,982 ) 

RVMTP Shares at Liquidation Value

      —          (750,000,000 )         —          (750,000,000 ) 
  

 

 

       

 

 

       

 

 

       

 

 

  
   $ —        $ (819,569,982 )       $ —        $ (819,569,982 ) 
  

 

 

       

 

 

       

 

 

       

 

 

  

 

Portfolio Abbreviation
AGM    Assured Guaranty Municipal Corp.
AMBAC    AMBAC Assurance Corp.
AMT    Alternative Minimum Tax
ARB    Airport Revenue Bonds
BAM    Build America Mutual Assurance Co.
CAB    Capital Appreciation Bonds
COP    Certificates of Participation
FHLMC    Federal Home Loan Mortgage Corp.
FNMA    Federal National Mortgage Association
GNMA    Government National Mortgage Association
GO    General Obligation Bonds
GTD    GTD Guaranteed
M/F    Multi-Family
NPFGC    National Public Finance Guarantee Corp.
PSF    Permanent School Fund
RB    Revenue Bond
S/F    Single-Family
SAB    Special Assessment Bonds
SAP    Subject to Appropriations
SAW    State Aid Withholding
ST    Special Tax
TA    Tax Allocation

    

 

 

 

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

   12