NPORT-EX 2 NPORT_LCQL_53497255_1121.htm BlackRock MuniVest Fund Inc

Schedule of Investments (unaudited) 

November 30, 2021

   

BlackRock MuniVest Fund, Inc. (MVF)

(Percentages shown are based on Net Assets)

 

Security    

 Par

(000)

  

 

     Value  

Municipal Bonds

    

Alabama — 1.1%

    

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

   $     3,595     $       4,387,690  

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

     1,000       1,003,672  

Tuscaloosa County Industrial Development Authority, Refunding RB, Series A, 4.50%, 05/01/32(b)

     1,691       1,840,729  
   

 

 

  
      7,232,091  
Alaska — 0.5%            

City of Anchorage Alaska Electric Revenue, Refunding RB, Series A, Senior Lien, 5.00%, 12/01/24(c)

     3,000       3,408,723  
   

 

 

  
Arizona — 4.5%            

Arizona Industrial Development Authority, RB, Series A, (BAM), 4.00%, 06/01/44

     1,435       1,631,995  

Arizona Industrial Development Authority, Refunding RB(b)

    

Series A, 5.38%, 07/01/50

     2,500       2,836,845  

Series G, 5.00%, 07/01/47

     715       819,449  

Glendale Industrial Development Authority, RB, 5.00%, 05/15/56

     1,030       1,169,805  

Industrial Development Authority of the City of Phoenix, RB(c)

    

6.63%, 07/01/23

     2,245       2,471,361  

6.88%, 07/01/23

     3,440       3,800,412  

Industrial Development Authority of the City of Phoenix, Refunding RB(b)

    

5.00%, 07/01/35

     600       666,086  

5.00%, 07/01/45

     700       754,815  

Series A, 5.00%, 07/01/35

     1,125       1,248,912  

Salt Verde Financial Corp., RB, 5.00%, 12/01/37

     9,805       13,716,313  
   

 

 

  
      29,115,993  
Arkansas — 0.6%            

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

     3,790       4,185,051  
   

 

 

  
California — 4.0%            

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

     3,005       3,473,570  

California Health Facilities Financing Authority, Refunding RB, Series A, 4.00%, 04/01/45

     1,470       1,696,583  

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

     1,155       1,308,768  

Series 2021-1, Class A, 3.50%, 11/20/35

     1,277       1,455,901  

California Infrastructure & Economic Development Bank, RB, Series D, 0.41%, 08/01/47(a)

     1,335       1,336,064  

California Municipal Finance Authority, ARB, AMT, Senior Lien, 5.00%, 12/31/43

     2,800       3,314,771  

Golden State Tobacco Securitization Corp., Refunding RB

    

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

     1,025       1,044,172  

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

     855       870,095  

Poway Unified School District, Refunding GO, CAB, Series B, 0.00%, 08/01/46(d)

     10,000       5,110,920  

San Francisco City & County Airport Comm-San Francisco International Airport, Refunding ARB, Series E, AMT, 5.00%, 05/01/50

     5,000       6,072,145  
   

 

 

  
      25,682,989  
Colorado — 1.6%            

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

     1,025       1,072,740  
Security    

 Par

(000)

  

 

     Value  
Colorado (continued)            

Colorado Health Facilities Authority, Refunding RB 4.00%, 11/15/43

   $     2,320     $       2,716,588  

Series A, 5.00%, 08/01/44

     3,840       4,779,045  

E-470 Public Highway Authority, Refunding RB, Series B, 0.38%, 09/01/39(a)

     510       509,768  

Serenity Ridge Metropolitan District No. 2, GO, Series A, 5.13%, 12/01/23(c)

     1,000       1,126,147  
   

 

 

  
      10,204,288  
Connecticut — 0.8%            

Connecticut State Health & Educational Facilities

    

Authority, Refunding RB, Series 2015-A, 0.38%, 07/01/35(a)

     1,430       1,426,286  

State of Connecticut, GO, Series A, 5.00%, 04/15/38

     3,325       4,089,248  
   

 

 

  
      5,515,534  
Delaware — 0.5%            

Delaware State Health Facilities Authority, RB, 5.00%, 06/01/43

     2,780       3,332,942  
   

 

 

  
District of Columbia — 0.6%            

Metropolitan Washington Airports Authority Aviation Revenue, Refunding ARB, Series A, AMT, 5.00%, 10/01/26

     3,055       3,650,847  
   

 

 

  
Florida — 5.6%            

Celebration Pointe Community Development District, SAB(b)

    

5.00%, 05/01/32

     860       952,042  

5.00%, 05/01/48

     2,160       2,349,078  

Central Florida Expressway Authority, Refunding RB, Senior Lien, 5.00%, 07/01/48

     9,370       11,340,914  

County of Miami-Dade Florida Transit System, Refunding RB, 5.00%, 07/01/22(c)

     3,750       3,854,966  

Lakewood Ranch Stewardship District, SAB

    

4.63%, 05/01/27

     255       274,052  

5.25%, 05/01/37

     470       523,717  

5.38%, 05/01/47

     770       852,280  

Miami-Dade County Educational Facilities Authority, Refunding RB, Series A, 5.00%, 04/01/45

     4,625       5,161,606  

Miami-Dade County Expressway Authority, Refunding RB, Series A, (AGM), 5.00%, 07/01/35

  

 

8,900

 

  

 

8,932,378

 

Miami-Dade County Seaport Department Refunding RB, Series A-1, AMT, (AGM), 4.00%, 10/01/45

     1,080       1,253,643  

Palm Beach County Health Facilities Authority, RB

    

Series B, 4.00%, 11/15/41

     300       343,721  

Series B, 5.00%, 11/15/42

     135       163,883  
   

 

 

  
      36,002,280  
Georgia — 2.0%            

Development Authority for Fulton County, RB, 4.00%, 06/15/49

     1,575       1,798,841  

Georgia Ports Authority, RB, 4.00%, 07/01/51(e)

     4,325       5,163,418  

Main Street Natural Gas, Inc., RB, Series A, 5.00%, 05/15/49

     1,855       2,824,538  

Municipal Electric Authority of Georgia, RB, 5.00%, 01/01/48

     2,745       3,268,392  
   

 

 

  
      13,055,189  
Illinois — 10.0%            

Chicago Board of Education, GO

    

Series C, 5.25%, 12/01/35

     2,785       3,093,898  

Series D, 5.00%, 12/01/46

     3,570       3,923,407  

Series H, 5.00%, 12/01/36

     865       1,020,151  
 

 

 

1

  

Schedule of Investments (unaudited) (continued)

November 30, 2021

   

BlackRock MuniVest Fund, Inc. (MVF)

(Percentages shown are based on Net Assets)

 

Security  

Par

(000)

     Value  
Illinois (continued)            

Chicago Board of Education, Refunding GO

    

Series C, 5.00%, 12/01/25

   $     1,200     $       1,389,746  

Series D, 5.00%, 12/01/25

     1,560       1,806,663  

Series G, 5.00%, 12/01/34

     865       1,023,408  

Chicago O’Hare International Airport, ARB, Series D, AMT, Senior Lien, 5.00%, 01/01/42

     1,450       1,702,942  

City of Chicago Illinois Wastewater Transmission Revenue, Refunding RB, Series C, 2nd Lien, 5.00%, 01/01/39

     1,000       1,114,145  

Cook County Community College District No. 508, GO, 5.25%, 12/01/31

     5,000       5,408,525  

Illinois Finance Authority, RB, Series A, 5.25%, 07/01/23(c)

     1,785       1,924,355  

Illinois Finance Authority, Refunding RB

    

Series A, 4.00%, 05/01/45

     2,525       2,846,539  

Series C, 5.00%, 02/15/41

     3,600       4,297,514  

Illinois State Toll Highway Authority, RB, Series A, 5.00%, 01/01/42

     7,990       9,700,715  

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

     2,515       2,936,303  

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

     8,755       3,273,188  

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

     2,010       2,257,791  

Metropolitan Pier & Exposition Authority, Refunding RB, CAB, Series B, (BAM-TCRS), 0.00%, 12/15/54(d)

     12,215       4,872,563  

State of Illinois, GO

    

Series A, 4.00%, 03/01/41

     115       133,509  

Series D, 5.00%, 11/01/28

     6,965       8,344,216  

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

     3,725       3,740,593  
   

 

 

  
      64,810,171  
Indiana — 1.4%            

City of Valparaiso Indiana, RB, AMT, 6.75%, 01/01/34

     2,250       2,493,896  

Indiana Finance Authority, RB, Series A, AMT, 5.00%, 07/01/23(c)

     2,640       2,833,897  

Indiana Finance Authority, Refunding RB, Series A, 5.00%, 03/01/25(c)

     3,000       3,439,074  
   

 

 

  
      8,766,867  
Iowa — 2.0%            

Iowa Finance Authority, RB

    

5.00%, 05/15/36

     1,050       1,196,993  

Series A, 5.00%, 05/15/48

     6,750       7,581,505  

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

     4,000       4,338,060  
   

 

 

  
      13,116,558  
Kansas — 1.0%            

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

     1,965       2,118,960  

Wyandotte County-Kansas City Unified Government Utility System Revenue, RB, Series A, 5.00%, 09/01/40

     3,700       4,236,307  
   

 

 

  
      6,355,267  
Louisiana — 2.0%            

Parish of St. Charles Louisiana, RB, 4.00%, 12/01/40(a)

     2,210       2,247,404  

Tobacco Settlement Financing Corp., Refunding RB Series A, 5.25%, 05/15/32

     4,375       4,464,329  
Security  

Par

(000)

     Value  
Louisiana (continued)            

Tobacco Settlement Financing Corp., Refunding RB (continued)

    

Series A, 5.25%, 05/15/33

   $     4,750     $       4,846,715  

Series A, 5.25%, 05/15/35

     1,500       1,595,713  
   

 

 

  
      13,154,161  
Maine — 1.5%            

Maine Turnpike Authority, RB, 4.00%, 07/01/45

     8,195       9,573,989  
   

 

 

  
Maryland — 2.6%            

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

     545       602,845  

Howard County Housing Commission, RB, M/F Housing, 5.00%, 12/01/42

     4,935       5,809,152  

Maryland Health & Higher Educational Facilities Authority, RB, Series B, 4.00%, 04/15/45

     2,560       2,940,283  

Maryland Health & Higher Educational Facilities Authority, Refunding RB, 5.00%, 07/01/40

     6,350       7,193,902  
   

 

 

  
      16,546,182  
Massachusetts — 1.9%            

Massachusetts Development Finance Agency, RB

    

Series A, 5.25%, 01/01/42

     1,895       2,248,298  

Series A, 5.00%, 01/01/47

     845       980,039  

Massachusetts Development Finance Agency, Refunding RB, Series A, 5.00%, 01/01/40

     1,620       1,935,963  

Massachusetts Port Authority, Refunding ARB, Series A, AMT, 4.00%, 07/01/44

     6,180       6,989,741  
   

 

 

  
      12,154,041  
Michigan — 2.6%            

Michigan Finance Authority, Refunding RB

    

4.00%, 09/01/50

     855       984,986  

Series C, Class 1, 4.00%, 06/01/49

     2,500       2,866,460  

Michigan State Housing Development Authority, RB, M/F Housing

    

Series A, 0.55%, 04/01/25

     340       338,874  

Series A, 2.55%, 10/01/51

     6,890       6,858,085  

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

     1,775       2,115,699  

State of Michigan Trunk Line Revenue RB, 4.00%, 11/15/46

     3,310       3,967,012  
   

 

 

  
      17,131,116  
Minnesota — 0.7%            

City of Cologne Minnesota,RB, Series A, 5.00%, 07/01/45

     1,500       1,578,495  

Housing & Redevelopment Authority of The City of St. Paul Minnesota, RB, Series A, 5.50%, 07/01/52(b)

     695       781,136  

Housing & Redevelopment Authority of The City of St. Paul Minnesota, Refunding RB, Series A, 4.00%, 11/15/43

     1,940       2,196,608  
   

 

 

  
      4,556,239  
Mississippi — 3.9%            

County of Lowndes Mississippi, Refunding RB

    

Series A, 6.80%, 04/01/22

     9,160       9,349,768  

Series B, 6.70%, 04/01/22

     4,500       4,591,741  

Mississippi Development Bank, Refunding RB, Series A, (AGM), 4.00%, 03/01/41

     3,000       3,303,495  
 

 

 

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

2

Schedule of Investments (unaudited) (continued)

November 30, 2021

   

BlackRock MuniVest Fund, Inc. (MVF)

(Percentages shown are based on Net Assets)

 

Security  

Par

(000)

     Value  
Mississippi (continued)            

State of Mississippi, RB

    

Series A, 5.00%, 10/15/37

   $     1,105     $       1,355,759  

Series A, 4.00%, 10/15/38

     5,535       6,359,051  
   

 

 

  
      24,959,814  
Montana — 0.6%            

Montana Board of Housing, RB, S/F Housing

    

Series B-2, 3.50%, 12/01/42

     245       259,171  

Series B-2, 3.60%, 12/01/47

     380       399,096  

Montana Facility Finance Authority, Refunding RB, Series A, 3.00%, 06/01/50

     2,760       2,942,924  
   

 

 

  
      3,601,191  
Nebraska — 1.0%            

Central Plains Energy Project, RB, 5.00%, 09/01/42

     6,200       6,402,666  
   

 

 

  
Nevada — 2.4%            

City of Carson City Nevada, Refunding RB, 5.00%, 09/01/42

     2,250       2,677,718  

City of Reno Nevada, Refunding RB

    

Series A-1, (AGM), 4.00%, 06/01/43

     5,230       5,841,089  

Series A-1, (AGM), 4.00%, 06/01/46

     245       271,543  

County of Clark Nevada, GO

    

Series A, 5.00%, 06/01/36

     4,080       5,024,088  

Series A, 5.00%, 06/01/37

     1,500       1,847,539  
   

 

 

  
      15,661,977  
New Jersey — 9.6%            

Casino Reinvestment Development Authority, Inc., Refunding RB, 5.25%, 11/01/44

     1,400       1,527,946  

New Jersey Economic Development Authority, RB Series UU, 5.00%, 06/15/40

     2,755       3,008,162  

AMT, 5.13%, 01/01/34

     1,050       1,139,669  

AMT, 5.38%, 01/01/43

     10,000       10,902,960  

Series A, AMT, 5.63%, 11/15/30

     1,530       1,671,800  

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

     4,090       4,474,939  

New Jersey Transportation Trust Fund Authority, RB

    

Series AA, 5.25%, 06/15/33

     8,750       9,356,471  

Series AA, 5.25%, 06/15/41

     780       888,761  

Series AA, 5.00%, 06/15/44

     4,450       4,846,624  

Series BB, 4.00%, 06/15/50

     3,795       4,257,368  

New Jersey Transportation Trust Fund Authority, RB, CAB, Series A, 0.00%, 12/15/38(d)

     7,260       4,875,301  

New Jersey Transportation Trust Fund Authority, Refunding RB, Series A, 5.00%, 12/15/32

     5,430       6,698,758  

State of New Jersey, GO, Series A, 4.00%, 06/01/31

     1,730       2,133,048  

Tobacco Settlement Financing Corp., Refunding RB

    

Series A, 5.25%, 06/01/46

     4,550       5,495,335  

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

     665       776,326  
   

 

 

  
      62,053,468  
New York — 6.6%            

Build NYC Resource Corp., Refunding RB, AMT, 5.00%, 01/01/35(b)

     2,145       2,409,590  

City of New York, GO, Series C, 4.00%, 08/01/40

     5,000       5,919,695  

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

     4,435       4,444,491  

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

     1,400       1,589,906  

New York Counties Tobacco Trust IV, Refunding RB Series A, 5.00%, 06/01/38

     3,665       3,669,442  
Security  

Par

(000)

     Value  
New York (continued)            

New York Counties Tobacco Trust IV, Refunding RB (continued)

    

Series A, 6.25%, 06/01/41(b)

   $     3,400     $       3,452,176  

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

    

Series 2, Class 2, 5.15%, 11/15/34

     460       513,301  

Series 2, Class 2, 5.38%, 11/15/40

     1,145       1,280,054  

New York State Urban Development Corp., RB, Series A, 4.00%, 03/15/49

     7,500       8,761,162  

New York Transportation Development Corp., RB

    

AMT, 5.00%, 10/01/35

     665       824,543  

AMT, 5.00%, 10/01/40

     1,875       2,288,132  

AMT, 4.00%, 10/31/46

     1,175       1,351,184  

New York Transportation Development Corp., Refunding RB

    

Series A, Class A, AMT, 4.00%, 12/01/38

     500       567,977  

Series A, Class A, AMT, 4.00%, 12/01/39

     500       581,240  

TSASC, Inc., Refunding RB, Series A, 5.00%, 06/01/41

     1,785       2,081,769  

Westchester Tobacco Asset Securitization Corp., Refunding RB, Sub-Series C, 5.13%, 06/01/51

     2,740       3,106,744  
   

 

 

  
      42,841,406  
North Carolina — 0.7%            

North Carolina Medical Care Commission, RB

    

4.00%, 09/01/41

     160       183,545  

4.00%, 09/01/46

     155       175,596  

4.00%, 09/01/51

     250       282,727  

Series A, 4.00%, 10/01/50

     365       408,906  

Series A, 5.00%, 10/01/50

     980       1,176,412  

North Carolina Turnpike Authority, RB, Senior Lien, (AGM), 4.00%, 01/01/55

     1,045       1,193,132  

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

     525       825,782  
   

 

 

  
      4,246,100  
North Dakota — 0.2%            

University of North Dakota COP, Series A, (AGM), 4.00%, 06/01/46

     990       1,142,417  
   

 

 

  
Ohio — 4.9%            

Allen County Port Authority, Refunding RB, Series A, 4.00%, 12/01/40

     950       1,067,480  

Buckeye Tobacco Settlement Financing Authority, Refunding RB, Series B-2, Class 2, 5.00%, 06/01/55

     7,590       8,690,474  

Cleveland-Cuyahoga County Port Authority, RB

    

4.00%, 07/01/46

     490       579,378  

4.00%, 07/01/51

     425       499,550  

County of Franklin Ohio, RB, Series A, 6.13%, 07/01/22(c)

     1,690       1,747,916  

County of Montgomery Ohio, RB, 5.45%, 11/13/23(c)

     7,430       8,167,650  

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

     585       682,187  

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

     5,000       5,452,740  

State of Ohio, Refunding RB, Series A, 4.00%, 01/15/50

     4,420       4,995,047  
   

 

 

  
      31,882,422  
Oklahoma — 0.4%            

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

     2,205       2,678,841  
   

 

 

  
 

 

 

3

       

Schedule of Investments (unaudited) (continued)

November 30, 2021

   

BlackRock MuniVest Fund, Inc. (MVF)

(Percentages shown are based on Net Assets)

 

Security  

Par

(000)

     Value  
Oregon — 1.0%            

Oregon Health & Science University, RB, Series A, 5.00%, 07/01/42

   $        800     $          965,125  

Port of Portland Oregon Airport Revenue, Refunding ARB, Series 27-A, AMT, 4.00%, 07/01/50

     5,000       5,701,925  
   

 

 

  
      6,667,050  
Pennsylvania — 11.5%            

Allegheny County Airport Authority, RB, Series A, AMT, 5.00%, 01/01/51

     1,930       2,389,651  

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

     1,725       1,980,348  

Altoona Area School District, GO, (BAM SAW), 5.00%, 12/01/25(c)

     365       429,424  

City of Philadelphia Pennsylvania Water & Wastewater Revenue, RB, Series B, 5.00%, 11/01/49

     6,030       7,561,795  

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

     1,435       1,635,604  

Geisinger Authority, Refunding RB, Series A, 4.00%, 04/01/50

     4,260       4,876,103  

Montgomery County Higher Education and Health Authority, Refunding RB

    

4.00%, 09/01/49

     6,750       7,699,050  

Series A, 5.00%, 09/01/48

     3,330       4,018,567  

Montgomery County Industrial Development Authority, Refunding RB, 5.25%, 01/01/40

     4,170       4,484,001  

Northampton County General Purpose Authority, Refunding RB, 4.00%, 11/01/38

     1,855       2,182,287  

Pennsylvania Economic Development Financing Authority, RB, AMT, 5.00%, 12/31/38

     2,565       2,987,920  

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

     410       411,398  

Pennsylvania Housing Finance Agency, RB, S/F Housing, Series 125B, AMT, 3.65%, 10/01/42

     7,000       7,445,690  

Pennsylvania Turnpike Commission, RB

    

Series A-1, 5.00%, 12/01/41

     440       519,234  

Sub-Series B-1, 5.25%, 06/01/47

     5,680       6,871,323  

Series A, Subordinate, 5.00%, 12/01/44

     4,540       5,634,077  

Pennsylvania Turnpike Commission, Refunding RB, 2nd Series, 5.00%, 12/01/41

     1,700       2,057,972  

Springfield School District/Delaware County, GO

    

(SAW), 5.00%, 03/01/40

     2,955       3,599,958  

(SAW), 5.00%, 03/01/43

     2,145       2,609,019  

Westmoreland County Municipal Authority, Refunding RB, (BAM), 5.00%, 08/15/36

     4,385       5,256,984  
   

 

 

  
      74,650,405  
Puerto Rico — 5.3%            

Children’s Trust Fund, Refunding RB

    

5.50%, 05/15/39

     1,340       1,374,469  

5.63%, 05/15/43

     1,335       1,351,251  

Puerto Rico Commonwealth Aqueduct & Sewer Authority, RB, Series A, Senior Lien, 5.00%, 07/01/33

     3,820       3,926,509  

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

    

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

     3,376       3,849,818  

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

     12,657       14,549,095  

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

     2,240       2,518,947  
Security  

Par

(000)

     Value  
Puerto Rico (continued)            

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

    

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

   $     3,133     $       3,575,715  

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

     10,130       3,381,698  
   

 

 

  
      34,527,502  
Rhode Island — 1.5%            

Rhode Island Turnpike & Bridge Authority, RB, Series A, 3.00%, 10/01/39

     240       258,520  

Tobacco Settlement Financing Corp., Refunding RB

    

Series B, 4.50%, 06/01/45

     6,820       7,418,005  

Series B, 5.00%, 06/01/50

     2,000       2,216,710  
   

 

 

  
      9,893,235  
South Carolina — 1.8%            

South Carolina Jobs-Economic Development Authority, Refunding RB, Series A, 5.00%, 05/01/43

     2,690       3,236,705  

South Carolina Public Service Authority, RB, Series E, 5.50%, 12/01/53

     750       816,804  

South Carolina Public Service Authority, Refunding RB, Series E, 5.25%, 12/01/55

     6,450       7,447,434  
   

 

 

  
      11,500,943  
Texas — 9.8%            

Central Texas Regional Mobility Authority, RB, Series A, Senior Lien, 5.00%, 07/01/25(c)

     4,715       5,463,752  

Central Texas Regional Mobility Authority, Refunding RB, Series A, Senior Lien, 5.00%, 01/01/23(c)

     6,925       7,282,822  

City of Houston Texas Airport System Revenue, Refunding RB
Sub-Series D, 5.00%, 07/01/37

     4,005       4,934,096  

AMT, 5.00%, 07/01/29

     2,135       2,307,038  

Sub-Series A, AMT, 4.00%, 07/01/35

     990       1,191,605  

Sub-Series A, AMT, 4.00%, 07/01/36

     990       1,186,234  

County of Nueces Texas, Refunding GO

    

4.00%, 02/15/37

     575       683,027  

4.00%, 02/15/39

     1,205       1,427,791  

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

     850       911,720  

New Hope Cultural Education Facilities Finance Corp., RB

    

Series A, 5.00%, 04/01/25(c)

     500       574,543  

Series A, 0.00%, 08/15/37(b)

     2,000       2,001,358  

North Texas Education Finance Corp., RB, Series A, 5.13%, 06/01/22(c)

     1,000       1,024,310  

North Texas Tollway Authority, Refunding RB

    

Series A, 5.00%, 01/01/38

     5,000       5,618,425  

Series A, 5.00%, 01/01/48

     5,350       6,485,382  

Tarrant County Cultural Education Facilities Finance Corp., Refunding RB, Series A-1, 5.00%, 10/01/44

     3,500       3,791,309  

Texas Municipal Gas Acquisition & Supply Corp. III, Refunding RB, 5.00%, 12/15/32

     10,720       14,136,421  

Texas Private Activity Bond Surface Transportation Corp., RB, AMT, 5.00%, 06/30/58

     3,575       4,290,032  
   

 

 

  
      63,309,865  
Utah — 0.7%            

City of Salt Lake City Utah Airport Revenue, ARB, Series A, AMT, 4.00%, 07/01/51

     3,905       4,533,674  
   

 

 

  
 

 

 

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

4

Schedule of Investments (unaudited) (continued)

November 30, 2021

   

BlackRock MuniVest Fund, Inc. (MVF)

(Percentages shown are based on Net Assets)

 

Security  

Par

(000)

     Value  
Virginia — 3.8%            

Ballston Quarter Community Development Authority, TA

    

Series A, 5.38%, 03/01/36

   $        430     $         436,407  

Series A, 5.50%, 03/01/46

     1,475       1,479,606  

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

     3,665       3,728,745  

Virginia Small Business Financing Authority, RB AMT, 5.00%, 07/01/49

     1,990       1,996,744  

AMT, 5.00%, 12/31/52

     7,895       9,307,179  

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

     2,150       2,214,266  

AMT, Senior Lien, 5.50%, 01/01/42

     5,140       5,276,004  
   

 

 

  
      24,438,951  
Washington — 3.1%            

Port of Seattle Washington, ARB

    

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

     1,295       1,528,258  

Series C, AMT, Intermediate Lien, 5.00%, 05/01/37

     4,905       5,864,354  

State of Washington, COP

    

Series B, 5.00%, 07/01/36

     1,725       2,144,192  

Series B, 5.00%, 07/01/38

     2,300       2,855,747  

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

     4,010       4,249,702  

Washington Health Care Facilities Authority, Refunding RB, 4.00%, 09/01/45

     3,000       3,456,396  
   

 

 

  
      20,098,649  
Wisconsin — 1.7%            

Public Finance Authority, RB

    

Series A, 5.00%, 06/01/36(b)

     200       225,198  

Series A, 4.00%, 11/15/37

     325       374,975  

Series A, 5.00%, 11/15/41

     2,180       2,646,315  

Series A, 5.00%, 06/01/51(b)

     680       747,020  

Series A, 5.00%, 06/01/61(b)

     870       952,045  

Public Finance Authority, Refunding RB, Series A, 5.00%, 11/15/49

     1,095       1,271,587  

Wisconsin Health & Educational Facilities Authority, Refunding RB, 5.00%, 04/01/44

     4,080       5,075,169  
   

 

 

  
      11,292,309  
Wyoming — 0.6%            

Wyoming Community Development Authority, Refunding RB, Series 2, 4.05%, 12/01/38

     2,170       2,235,415  

Wyoming Municipal Power Agency, Inc., Refunding RB, Series A, (BAM), 5.00%, 01/01/27(c)

     1,120       1,359,568  
   

 

 

  
      3,594,983  
   

 

 

  
Total Municipal Bonds — 118.6%            

(Cost: $698,191,649)

       767,528,386  
   

 

 

  

Municipal Bonds Transferred to Tender Option Bond Trusts(f)

 

Arizona — 1.8%

    

Maricopa County Industrial Development Authority, RB, 4.00%, 01/01/48

     10,000       11,638,545  
   

 

 

  
Security  

Par

(000)

     Value  
California — 2.7%            

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

   $     14,998     $     17,721,170  
   

 

 

  
Colorado(g) — 1.8%            

City & County of Denver Colorado Airport System Revenue, Refunding ARB, Series A, AMT, 5.25%, 12/01/43

     6,504       8,033,133  

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

     3,290       3,734,231  
   

 

 

  
      11,767,364  
Florida — 3.6%            

Greater Orlando Aviation Authority, ARB, Series A, AMT, 4.00%, 10/01/49

     10,000       11,360,017  

Miami Dade Cnty Fl Seaport Rev, 4.00%, 10/01/49

     10,005       11,738,303  
   

 

 

  
      23,098,320  
Illinois — 2.0%            

Illinois State Toll Highway Authority, RB, Series B, 5.00%, 01/01/40

     10,976       12,711,081  
   

 

 

  
Louisiana — 2.9%            

City of Shreveport Louisiana Water & Sewer Revenue, RB

    

Series B, Junior Lien, (AGM), 4.00%, 12/01/44

     5,542       6,285,612  

Series B, Junior Lien, (AGM), 4.00%, 12/01/49

     11,133       12,627,557  
   

 

 

  
      18,913,169  
Maryland — 2.0%            

City of Baltimore Maryland, RB, Series A, 5.00%, 07/01/46

     4,897       5,801,519  

Maryland Stadium Authority, RB, 5.00%, 05/01/47

     5,509       6,751,895  
   

 

 

  
      12,553,414  
Michigan(g) — 2.5%            

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

     7,434       8,597,536  

Series A, 4.00%, 02/15/44

     6,646       7,686,068  
   

 

 

  
      16,283,604  
New Jersey — 2.4%            

South Jersey Transportation Authority, RB (BAM), Series A, 4.00%, 11/01/50

     13,590       15,703,048  
   

 

 

  
New York — 1.8%            

New York State Dormitory Authority, Refunding RB, Series A, 4.00%, 03/15/46

     10,000       11,698,345  
   

 

 

  
Oregon — 0.1%            

State of Oregon Housing & Community Services Department, RB, M/F Housing, Series A, AMT, 4.95%, 07/01/30

     735       736,496  
   

 

 

  
Pennsylvania — 3.8%            

Commonwealth of Pennsylvania, GO, 1st Series, 4.00%, 03/01/38(g)

     7,250       8,402,500  
 

 

 

5

       

Schedule of Investments (unaudited) (continued)

November 30, 2021

   

BlackRock MuniVest Fund, Inc. (MVF)

(Percentages shown are based on Net Assets)

 

Security  

Par

(000)

     Value  
Pennsylvania (continued)            

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

   $ 10,009     $ 11,408,205  

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

     3,925       4,469,915  
   

 

 

  
      24,280,620  
Texas — 3.4%            

Harris County Health Facilities Development Corp, Refunding RB, Series B, 5.75%, 07/01/27

     18,390       22,141,146  
   

 

 

  
Virginia — 1.3%            

Fairfax County Economic Development Authority, RB, 5.00%, 04/01/47(g)

     6,960       8,346,199  
   

 

 

  
Washington — 2.0%            

Washington Health Care Facilities Authority, Refunding RB, Series A, 5.00%, 10/01/38

     10,000       12,821,915  
   

 

 

  

Total Municipal Bonds Transferred to Tender Option Bond Trusts — 34.1%
(Cost: $202,015,045)

 

     220,414,436  
   

 

 

  

Total Long-Term Investments — 152.7%
(Cost: $900,206,694)

       987,942,822  
   

 

 

  
     Shares         

Short-Term Securities

    

Money Market Funds — 0.1%

    

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

     689,996       690,065  
   

 

 

  

Total Short-Term Securities — 0.1%
(Cost: $690,065)

       690,065  
   

 

 

  

Total Investments — 152.8%
(Cost: $900,896,759)

       988,632,887  

Other Assets Less Liabilities — 1.6%

       9,817,294  

Liability for TOB Trust Certificates, Including Interest Expense and Fees Payable — (16.7)%

 

     (107,717,791 ) 

VMTP Shares at Liquidation Value — (37.7)%

 

     (243,800,000 ) 
   

 

 

  

Net Assets Applicable to Common Shares — 100.0%

 

   $ 646,932,390  
   

 

 

  
(a)

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

(b)

Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors.

(c) 

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

(d) 

Zero-coupon bond.

(e)

When-issued security.

(f)

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.

(g) 

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, 2024 to August 1, 2027, is $26,783,833.

(h) 

Affiliate of the Trust.

(i) 

Annualized 7-day yield as of period end.

 

Affiliates

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

 

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

BlackRock Liquidity Funds, MuniCash, Institutional Class

    $ 977,136      $ —      $ (287,062 )(a)     $ 142      $ (151 )     $ 690,065        689,996      $ 56      $ —  
           

 

 

     

 

 

     

 

 

        

 

 

     

 

 

  

 

  (a)

Represents net amount purchased (sold).

 

 

 

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

6

Schedule of Investments (unaudited) (continued)

November 30, 2021

   

BlackRock MuniVest Fund, Inc. (MVF)

 

Derivative Financial Instruments Outstanding as of Period End

Futures Contracts

 

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

Short Contracts

            

10-Year U.S. Treasury Note

      82        03/22/22      $ 10,724      $ 19,349  

U.S. Long Bond

      51        03/22/22        8,272        (20,642 ) 

5-Year U.S. Treasury Note

      59        03/31/22        7,161        19,671  
           

 

 

  
            $ 18,378  
           

 

 

  

Fair Value Hierarchy as of Period End

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

 

  •  

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

 

  •  

Level  2 – Other observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are active, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the assets or liabilities (such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates) or other market–corroborated inputs); and

 

  •  

Level  3 – Unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available (including the BlackRock Global Valuation Methodologies Committee’s (the “Global Valuation Committee’s”) assumptions used in determining the fair value of financial instruments).

The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the fair value hierarchy classification is determined based on the lowest level input that is significant to the fair value measurement in its entirety. Investments classified within Level 3 have significant unobservable inputs used by the Global Valuation Committee in determining the price for Fair Valued Investments. Level 3 investments include equity or debt issued by privately held companies or funds. There may not be a secondary market, and/or there are a limited number of investors. The categorization of a value determined for financial instruments is based on the pricing transparency of the financial instruments and is not necessarily an indication of the risks associated with investing in those securities. For information about the Trust’s policy regarding valuation of financial instruments, refer to its most recent financial statements.

The following table summarizes the Trust’s financial instruments categorized in the fair value hierarchy. The breakdown of the Trust’s financial instruments into major categories is disclosed in the Schedule of Investments above.

 

      Level 1        Level 2        Level 3        Total  

Assets

                  

Investments

                  

Long-Term Investments

                  

Municipal Bonds

    $ —        $   767,528,386        $                     —        $   767,528,386  

Municipal Bonds Transferred to Tender Option Bond Trusts

      —          220,414,436          —          220,414,436  

Short-Term Securities

                  

Money Market Funds

               690,065          —          —          690,065  
  

 

 

       

 

 

       

 

 

       

 

 

  
   $ 690,065        $ 987,942,822        $ —        $ 988,632,887  
  

 

 

       

 

 

       

 

 

       

 

 

  

Derivative Financial Instruments(a)

                  

Assets

                  

Interest Rate Contracts

    $ 39,020        $ —        $ —        $ 39,020  

Liabilities

                  

Interest Rate Contracts

      (20,642 )         —          —          (20,642)  
  

 

 

       

 

 

       

 

 

       

 

 

  
   $ 18,378        $ —        $ —        $ 18,378  
  

 

 

       

 

 

       

 

 

       

 

 

  

 

  (a)

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

 

 

 

7

       

Schedule of Investments (unaudited) (continued)

November 30, 2021

   

BlackRock MuniVest Fund, Inc. (MVF)

 

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

    $                     —        $   (107,698,307 )       $                     —        $   (107,698,307 ) 

VMTP Shares at Liquidation Value

      —          (243,800,000 )         —          (243,800,000 ) 
  

 

 

       

 

 

       

 

 

       

 

 

  
   $ —        $ (351,498,307 )       $ —        $ (351,498,307 ) 
  

 

 

       

 

 

       

 

 

       

 

 

  

 

 

Portfolio Abbreviation
AGM    Assured Guaranty Municipal Corp.
AMT    Alternative Minimum Tax
ARB    Airport Revenue Bonds
BAM    Build America Mutual Assurance Co.
BAM-TCRS    Build America Mutual Assurance Co.- Transferable
       Custodial Receipts
CAB    Capital Appreciation Bonds
COP    Certificates of Participation
GO    General Obligation Bonds
M/F    Multi-Family
RB    Revenue Bond
S/F    Single-Family
SAB    Special Assessment Bonds
SAW    State Aid Withholding
TA    Tax Allocation

 

 

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

8