NPORT-EX 2 NPORT_895884929221154.htm BlackRock MuniVest Fund II

Schedule of Investments  (unaudited)

July 31, 2020

   

BlackRock MuniVest Fund II, Inc. (MVT)

(Percentages shown are based on Net Assets)

 

Security   Par
(000)		     Value  

Municipal Bonds

 

Alabama — 1.6%  

County of Jefferson Alabama Sewer Revenue Refunding RB

    

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

   $ 805     $ 902,469  

Series D, Sub-Lien, 6.00%, 10/01/42

     3,575       4,154,186  
   

 

 

  
      5,056,655  
Alaska — 0.0%  

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

     130       130,183  
   

 

 

  
Arizona — 0.5%  

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

     1,685       1,767,582  
   

 

 

  
Arkansas — 0.8%  

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

     2,455       2,484,141  
   

 

 

  
California — 5.6%  

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

     2,095       3,617,038  

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

     1,170       1,172,094  

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

     890       1,000,307  

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

     1,475       1,576,745  

California Municipal Finance Authority RB, S/F Housing

    

Series A, Senior, 5.25%, 08/15/39

     145       161,091  

Series A, Senior, 5.25%, 08/15/49

     370       401,047  

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

     225       261,371  

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

     1,495       1,543,782  

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

     775       877,842  

City of Los Angeles Department of Airports Refunding RB, Series A, 5.00%, 05/15/40

     2,320       2,326,983  

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

     2,745       2,805,912  

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

     2,000       1,291,240  

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

     850       853,409  

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

     360       429,152  
   

 

 

  
      18,318,013  
Colorado — 1.7%  

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

     1,705       2,254,709  

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

     1,765       1,942,188  

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

     1,275       1,459,850  
   

 

 

  
      5,656,747  
Connecticut — 1.3%  

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

     3,120       3,702,535  

State of Connecticut Special Tax Revenue RB

    

Series A, 4.00%, 05/01/36

     330       393,802  

Series A, 4.00%, 05/01/39

     210       247,269  
   

 

 

  
      4,343,606  
Security   Par
(000)		     Value  
Delaware — 2.0%  

County of Sussex Delaware RB, 6.00%, 10/01/40

   $ 1,125     $ 1,141,875  

Delaware State Economic Development Authority RB, 5.38%, 10/01/45

     4,065       4,086,382  

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

     1,165       1,326,644  
   

 

 

  
      6,554,901  
District of Columbia — 5.8%  

District of Columbia Refunding RB

    

5.00%, 04/01/35

     435       510,686  

5.00%, 10/01/48

     2,315       2,730,218  

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

     240       280,831  

Metropolitan Washington Airports Authority Dulles Toll Road Revenue Refunding RB

    

Series A, 5.00%, 10/01/53

     2,010       2,094,038  

Series B, 4.00%, 10/01/49

     765       847,597  

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

   

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

     6,590       4,757,650  

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

     4,830       3,387,038  

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

     6,515       4,350,978  
   

 

 

  
      18,959,036  
Florida — 5.2%  

Celebration Pointe Community Development District SAB(a)

    

5.00%, 05/01/32

     450       491,287  

5.00%, 05/01/48

     1,120       1,192,386  

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

     1,190       1,388,064  

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

     1,340       1,501,068  

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

     1,165       1,174,763  

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

     3,015       3,262,140  

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

     3,150       3,570,430  

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

     2,135       2,197,064  

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

     1,750       2,114,665  
   

 

 

  
      16,891,867  
Georgia — 4.6%  

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

     5,000       5,186,300  

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

     515       605,599  

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

     2,500       2,833,300  

Main Street Natural Gas, Inc. RB

    

Series A, 5.00%, 05/15/35

     490       656,958  

Series A, 5.00%, 05/15/36

     490       662,152  

Series A, 5.00%, 05/15/37

     540       736,263  

Series A, 5.00%, 05/15/38

     295       406,743  

Series A, 5.00%, 05/15/49

     985       1,462,035  

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

     1,560       1,740,851  

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

     610       664,265  
   

 

 

  
      14,954,466  
 

 

 

  1

Schedule of Investments  (unaudited) (continued)

July 31, 2020

   

BlackRock MuniVest Fund II, Inc. (MVT)

(Percentages shown are based on Net Assets)

 

Security   Par
(000)		     Value  
Hawaii — 0.4%  

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

   $ 1,355     $ 1,359,472  
   

 

 

  
Idaho — 0.3%  

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

     745       887,735  
   

 

 

  
Illinois — 12.2%  

Chicago Board of Education GO

    

Series C, 5.25%, 12/01/35

     1,465       1,557,896  

Series D, 5.00%, 12/01/46

     1,915       1,999,767  

Series H, 5.00%, 12/01/36

     450       487,296  

Chicago Board of Education Refunding GO

    

Series C, 5.00%, 12/01/25

     1,460       1,613,431  

Series F, 5.00%, 12/01/24

     615       670,239  

Series G, 5.00%, 12/01/34

     450       490,059  

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

     5,865       6,018,898  

Chicago Transit Authority RB, 5.25%, 12/01/40

     1,050       1,100,253  

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

     770       771,717  

City of Chicago Illinois Waterworks Revenue Refunding RB

    

2nd Lien, (AGM), 5.25%, 11/01/33

     260       260,627  

2nd Lien, 5.00%, 11/01/42

     915       992,189  

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

     805       884,486  

Illinois Finance Authority RB

    

Series A, 5.00%, 02/15/47

     200       201,436  

Series A, 5.00%, 02/15/50

     100       100,658  

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

     2,800       3,249,036  

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

     870       931,587  

Metropolitan Pier & Exposition Authority Refunding RB

    

4.00%, 06/15/50

     1,340       1,339,437  

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

     5,175       2,424,643  

Railsplitter Tobacco Settlement Authority RB, 6.00%, 06/01/28(b)

     1,140       1,194,948  

Regional Transportation Authority RB

    

Series A, (AMBAC), 7.20%, 11/01/20

     180       182,783  

Series A, (NPFGC), 6.70%, 11/01/21

     1,765       1,841,442  

State of Illinois GO

    

5.00%, 02/01/39

     1,540       1,633,909  

Series A, 5.00%, 04/01/35

     3,000       3,172,650  

Series A, 5.00%, 04/01/38

     3,490       3,673,085  

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

     985       1,086,425  

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

     1,975       1,981,419  
   

 

 

  
      39,860,316  
Indiana — 3.1%  

City of Valparaiso Indiana RB

    

AMT, 6.75%, 01/01/34

     790       863,478  

AMT, 7.00%, 01/01/44

     1,905       2,118,665  

Indiana Finance Authority RB

    

Series A, 1st Lien, 5.25%, 10/01/38

     3,280       3,450,593  

Series A, AMT, 5.00%, 07/01/44

     450       479,592  

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

     1,430       1,523,879  
Security   Par
(000)		     Value  
Indiana (continued)  

Indiana Finance Authority RB (continued)

    

Series A, AMT, 5.25%, 01/01/51

   $ 405     $ 433,435  

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

     1,270       1,399,083  
   

 

 

  
      10,268,725  
Iowa — 1.0%  

Iowa Finance Authority Refunding RB

    

5.88%, 12/01/26(a)

     410       424,969  

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

     2,810       2,972,587  
   

 

 

  
      3,397,556  
Kentucky — 1.2%  

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

     995       1,116,509  

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

     1,235       1,472,355  

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

     1,200       1,176,444  
   

 

 

  
      3,765,308  
Louisiana — 3.2%  

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

     3,320       3,358,080  

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

     2,000       2,241,440  

Tobacco Settlement Financing Corp. Refunding RB

    

Series A, 5.50%, 05/15/30

     810       811,361  

Series A, 5.25%, 05/15/31

     870       891,994  

Series A, 5.25%, 05/15/32

     1,110       1,170,817  

Series A, 5.25%, 05/15/33

     1,205       1,269,865  

Series A, 5.25%, 05/15/35

     505       543,153  
   

 

 

  
      10,286,710  
Maryland — 0.5%  

Maryland Economic Development Corp. Refunding RB, 5.75%, 09/01/25

     630       631,128  

Maryland Health & Higher Educational Facilities Authority RB

    

5.00%, 12/01/46

     420       500,468  

Series B, (NPFGC), 7.00%, 07/01/22(f)

     450       501,997  
   

 

 

  
      1,633,593  
Massachusetts — 1.0%  

Massachusetts Development Finance Agency Refunding RB(a)

    

4.00%, 10/01/32

     215       217,391  

4.13%, 10/01/42

     470       464,247  

Massachusetts Housing Finance Agency RB, M/F Housing

    

Series C-1, 3.15%, 12/01/49

     550       573,876  

Series C-1, 3.25%, 12/01/54

     2,030       2,118,589  
   

 

 

  
      3,374,103  
Michigan — 3.6%  

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

     4,425       4,857,632  

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

     880       961,462  
 

 

 

2  

Schedule of Investments  (unaudited) (continued)

July 31, 2020

   

BlackRock MuniVest Fund II, Inc. (MVT)

(Percentages shown are based on Net Assets)

 

Security   Par
(000)		     Value  
Michigan (continued)  

Michigan Finance Authority Refunding RB

    

5.00%, 12/01/48

   $ 2,000     $ 2,446,960  

Series A, 4.00%, 12/01/49

     810       928,576  

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

     990       1,242,885  

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

     1,070       1,196,581  
   

 

 

  
      11,634,096  
Minnesota — 1.4%  

Duluth Economic Development Authority Refunding RB

    

Series A, 4.25%, 02/15/48

     2,020       2,259,168  

Series A, 5.25%, 02/15/53

     2,045       2,446,004  
   

 

 

  
      4,705,172  
Mississippi — 3.1%  

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

     3,000       3,285,990  

State of Mississippi RB

    

Series A, 5.00%, 10/15/37

     1,000       1,190,310  

Series A, 4.00%, 10/15/38

     5,000       5,503,750  
   

 

 

  
      9,980,050  
Missouri — 1.9%  

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

    

5.50%, 05/01/43

     245       261,778  

5.00%, 09/01/48

     2,610       2,950,970  

Series C, 5.00%, 11/15/47

     2,570       3,071,690  
   

 

 

  
      6,284,438  
Nebraska — 0.8%  

Central Plains Energy Project RB

    

5.25%, 09/01/37

     825       898,153  

5.00%, 09/01/42

     1,445       1,567,001  
   

 

 

  
      2,465,154  
New Hampshire(a) — 0.7%  

New Hampshire Business Finance Authority Refunding RB

    

Series B, 4.63%, 11/01/42

     1,545       1,561,254  

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

     805       813,549  
   

 

 

  
      2,374,803  
New Jersey — 14.5%  

Casino Reinvestment Development Authority, Inc. Refunding RB

    

5.25%, 11/01/39

     1,675       1,733,541  

5.25%, 11/01/44

     1,525       1,568,097  

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

     1,085       1,085,966  

New Jersey Economic Development Authority RB

    

4.00%, 11/01/38

     510       551,978  

4.00%, 11/01/39 .

     405       436,610  

5.00%, 06/15/49

     2,295       2,656,233  

Series EEE, 5.00%, 06/15/48

     3,690       4,216,268  

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

     1,425       1,561,928  

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

     2,240       2,330,115  

New Jersey Transportation Trust Fund Authority RB

    

Series A, 5.50%, 06/15/41(b)

     1,635       1,710,488  

Series AA, 5.00%, 06/15/44

     1,270       1,357,346  

Series B, 5.25%, 06/15/36

     2,460       2,530,996  

Series BB, 4.00%, 06/15/50

     1,490       1,574,841  
Security   Par
(000)		     Value  
New Jersey (continued)  

New Jersey Transportation Trust Fund Authority RB (continued)

    

Series BB, 5.00%, 06/15/50

   $ 4,120     $ 4,709,078  

New Jersey Turnpike Authority RB

    

Series A, 5.00%, 01/01/43

     740       790,853  

Series E, 5.00%, 01/01/45

     2,615       2,961,121  

Tobacco Settlement Financing Corp. Refunding RB

    

Series A, 5.25%, 06/01/46

     525       620,177  

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

     13,345       15,013,258  
   

 

 

  
      47,408,894  
New York — 14.6%  

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

     1,960       1,959,667  

Metropolitan Transportation Authority Refunding RB

    

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

     1,585       1,771,285  

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

     515       590,592  

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

     760       869,486  

Monroe County Industrial Development Corp. Refunding RB, Series A, 4.00%, 07/01/50(g)

     1,065       1,248,958  

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

     1,055       1,098,624  

New York City Transitional Finance Authority Future Tax Secured Revenue RB

    

4.00%, 05/01/40

     430       520,850  

Series C, 4.00%, 05/01/45

     1,080       1,287,436  

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

     1,960       2,080,070  

New York Counties Tobacco Trust IV Refunding RB

    

Series A, 5.00%, 06/01/38

     1,910       1,910,267  

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

     1,800       1,800,900  

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

     10,735       11,344,211  

New York Liberty Development Corp. Refunding
RB(a)

   

Class 1, 5.00%, 11/15/44

     2,860       3,039,808  

Class 2, 5.15%, 11/15/34

     340       360,471  

Class 2, 5.38%, 11/15/40

     850       907,630  

New York State Environmental Facilities Corp. RB,

    

Series B, 5.00%, 06/15/48

     1,780       2,243,708  

New York State Urban Development Corp. RB

    

Series A, 4.00%, 03/15/49

     7,895       9,267,388  

Series A, 3.00%, 03/15/50

     1,285       1,364,554  

Port Authority of New York & New Jersey RB

    

Series 8, 6.00%, 12/01/36

     1,165       1,182,335  

Series 8, 6.00%, 12/01/42

     1,250       1,267,688  

Triborough Bridge & Tunnel Authority RB

    

Series A, 4.00%, 11/15/54

     265       310,071  

Series A, 5.00%, 11/15/54

     840       1,075,208  
   

 

 

  
      47,501,207  
North Carolina — 0.5%  

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

     595       621,216  

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

     530       846,426  
   

 

 

  
      1,467,642  
North Dakota — 0.3%  

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

     950       1,133,464  
   

 

 

  
 

 

 

  3

Schedule of Investments  (unaudited) (continued)

July 31, 2020

   

BlackRock MuniVest Fund II, Inc. (MVT)

(Percentages shown are based on Net Assets)

 

Security   Par
(000)		     Value  
Ohio — 2.9%  

Buckeye Tobacco Settlement Financing Authority Refunding RB

    

Series A-2, Class 1, 4.00%, 06/01/37

   $ 285     $ 335,137  

Series A-2, Class 1, 4.00%, 06/01/38

     285       333,196  

Series A-2, Class 1, 4.00%, 06/01/39

     285       332,384  

Series A-2, Class 1, 4.00%, 06/01/48

     755       843,879  

Series B-2, Class 2, 5.00%, 06/01/55

     2,735       3,014,872  

County of Franklin Ohio RB

    

5.00%, 12/01/46

     400       474,220  

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

     40       44,560  

Series A, 6.13%, 07/01/40

     620       652,259  

Series A, 4.00%, 12/01/49

     505       578,548  

County of Hamilton Ohio Refunding RB

    

4.00%, 08/15/50

     590       676,518  

Series A, 3.75%, 08/15/50

     1,040       1,155,045  

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

     730       743,133  

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

     275       305,074  
   

 

 

  
      9,488,825  
Oklahoma — 1.8%  

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

     1,155       1,370,846  

Oklahoma Turnpike Authority RB

    

Series A, 4.00%, 01/01/48

     2,050       2,304,097  

Series C, 4.00%, 01/01/42

     1,950       2,216,741  
   

 

 

  
      5,891,684  
Oregon — 0.6%  

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

     1,680       1,925,868  
   

 

 

  
Pennsylvania — 3.4%  

Allentown Neighborhood Improvement Zone Development Authority RB(a)

    

5.00%, 05/01/28

     205       218,268  

5.13%, 05/01/32

     230       245,596  

5.38%, 05/01/42

     435       450,917  

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

     635       665,061  

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

     1,300       1,451,190  

Montgomery County Higher Education and Health Authority Refunding RB

    

Series A, 5.00%, 09/01/43

     1,220       1,458,571  

Series A, 4.00%, 09/01/49

     555       609,207  

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

     850       928,897  

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

     1,035       1,062,386  

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

     2,305       2,630,627  

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

     1,105       1,280,706  
   

 

 

  
      11,001,426  
Puerto Rico — 6.1%  

Children’s Trust Fund Refunding RB

    

5.50%, 05/15/39

     675       675,203  

5.63%, 05/15/43

     690       690,138  

Puerto Rico Commonwealth Aqueduct & Sewer Authority RB

    

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

     2,430       2,494,565  

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

     695       714,981  
Security   Par
(000)		     Value  
Puerto Rico (continued)  

Puerto Rico Commonwealth Aqueduct & Sewer Authority Refunding RB

    

Series A, Senior Lien, 6.00%, 07/01/38

   $ 720     $ 726,386  

Series A, Senior Lien, 6.00%, 07/01/44

     1,305       1,316,432  

Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue RB, CAB, Series A-1, Restructured, 0.00%, 07/01/51(c)

     1,971       415,783  

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

     3,564       1,038,799  

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

    

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

     1,843       1,956,897  

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

     6,159       6,633,366  

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

     85       88,409  

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

     2,941       3,132,018  
   

 

 

  
      19,882,977  
Rhode Island — 2.1%  

Tobacco Settlement Financing Corp. Refunding RB

    

Series A, 5.00%, 06/01/35

     820       926,502  

Series B, 4.50%, 06/01/45

     2,645       2,795,500  

Series B, 5.00%, 06/01/50

     2,945       3,183,309  
   

 

 

  
      6,905,311  
South Carolina — 5.7%  

South Carolina Jobs-Economic Development Authority Refunding RB

    

5.00%, 02/01/36

     2,505       2,972,884  

5.00%, 11/15/47

     1,350       1,527,309  

Series A, 5.00%, 05/01/48

     3,060       3,490,022  

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

     6,180       7,001,136  

South Carolina Public Service Authority Refunding RB

    

Series A, 5.00%, 12/01/50

     1,430       1,631,530  

Series E, 5.25%, 12/01/55

     1,735       2,033,455  
   

 

 

  
      18,656,336  
Tennessee — 1.0%  

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

     995       1,113,097  

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

     160       176,062  

Metropolitan Government Nashville & Davidson County Health & Educational Facs Bd RB, Series A, 5.00%, 07/01/40

     690       789,319  

Metropolitan Government Nashville & Davidson County Health & Educational Facs Bd Refunding RB, Series A, 5.25%, 10/01/58

     955       1,115,258  
   

 

 

  
      3,193,736  
Texas — 6.9%  

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

     2,140       2,193,093  

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

     775       784,277  

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

     1,155       1,472,798  

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

     745       827,725  

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

     670       695,487  

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

     455       529,333  
 

 

 

4  

Schedule of Investments  (unaudited) (continued)

July 31, 2020

   

BlackRock MuniVest Fund II, Inc. (MVT)

(Percentages shown are based on Net Assets)

 

Security   Par
(000)		     Value  
Texas (continued)  

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

   $ 1,980     $ 1,991,583  

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

     925       1,073,481  

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

     2,470       3,086,833  

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

     4,545       5,559,171  

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

     1,000       1,026,770  

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

     2,000       2,008,120  

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

     1,140       1,335,784  
   

 

 

  
      22,584,455  
Utah — 1.1%  

County of Utah RB

    

Series A, 4.00%, 05/15/43

     215       254,508  

Series A, 3.00%, 05/15/50

     985       1,046,799  

Salt Lake City Corp. Airport Revenue ARB

    

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

     915       1,073,661  

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

     875       1,046,859  
   

 

 

  
      3,421,827  
Virginia — 1.8%  

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

     1,160       1,275,977  

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

     820       833,965  

Virginia Small Business Financing Authority RB

    

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

     1,615       1,718,424  

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

     1,940       2,084,918  
   

 

 

  
      5,913,284  
Washington — 1.7%  

Port of Seattle Washington ARB

    

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

     1,465       1,708,878  

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

     755       853,565  

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

     2,290       2,582,044  

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

     340       369,543  
   

 

 

  
      5,514,030  
   

 

 

  

Total Municipal Bonds — 128.5%
(Cost: $385,215,299)

       419,285,394  
   

 

 

  

Municipal Bonds Transferred to Tender Option Bond Trusts(h)

 

California — 2.2%

 

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

     3,056       3,520,299  

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

     3,075       3,719,240  
   

 

 

  
      7,239,539  
Colorado — 0.8%  

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

     2,253       2,742,253  
   

 

 

  
Security   Par
(000)		     Value  
District of Columbia — 0.6%  

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

   $ 1,798     $ 2,015,490  
   

 

 

  
Georgia — 1.1%  

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

     1,821       2,050,880  

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

     1,442       1,588,849  
   

 

 

  
      3,639,729  
Illinois — 1.1%  

Illinois Finance Authority Refunding RB

    

Series C, 4.00%, 02/15/27(b)

     6       6,968  

Series C, 4.00%, 02/15/41

     3,219       3,602,599  
   

 

 

  
      3,609,567  
Massachusetts — 3.1%  

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

     2,042       2,279,390  

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

     4,574       5,418,541  

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

     2,266       2,397,483  
   

 

 

  
      10,095,414  
New York — 9.5%  

Hudson Yards Infrastructure Corp. RB(i)

    

5.75%, 02/15/21(b)

     997       1,024,642  

5.75%, 02/15/47

     613       630,328  

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

     6,440       6,853,693  

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

     1,308       1,554,049  

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

     5,956       6,953,322  

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

     2,884       3,302,036  

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

     6,617       7,583,943  

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

     2,595       3,063,060  
   

 

 

  
      30,965,073  
North Carolina — 1.0%  

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

     2,550       3,163,377  
   

 

 

  
Pennsylvania — 0.9%  

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

     2,340       2,806,151  
   

 

 

  
Rhode Island — 0.5%  

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

     1,530       1,651,987  
   

 

 

  
Texas — 5.8%  

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

     2,520       2,777,746  

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

     2,030       2,123,733  

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

     3,400       3,605,904  
 

 

 

  5

Schedule of Investments  (unaudited) (continued)

July 31, 2020

   

BlackRock MuniVest Fund II, Inc. (MVT)

(Percentages shown are based on Net Assets)

 

Security   Par
(000)		     Value  
Texas (continued)  

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

   $ 6,900     $ 8,350,725  

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

     1,831       1,988,365  
   

 

 

  
      18,846,473  
Virginia — 1.7%  

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

     4,780       5,486,675  
   

 

 

  
Wisconsin — 2.0%  

Wisconsin Health & Educational Facilities Authority Refunding RB

    

4.00%, 12/01/46

     2,833       3,153,293  

4.00%, 12/15/49(i)

     2,940       3,343,162  
   

 

 

  
      6,496,455  
   

 

 

  

Total Municipal Bonds Transferred to Tender Option Bond Trusts — 30.3%
(Cost: $91,143,872)

       98,758,183  
   

 

 

  

Total Long-Term Investments — 158.8%
(Cost: $476,359,171)

       518,043,577  
   

 

 

  
     Shares         

Short-Term Securities

    
Money Market Funds — 0.6%  

BlackRock Liquidity Funds, MuniCash, Institutional Class, 0.04%(j)(k)

     1,841,546       1,841,914  
   

 

 

  

Total Short-Term Securities — 0.6%
(Cost: $1,841,669)

       1,841,914  
   

 

 

  

Total Investments — 159.4%
(Cost: $478,200,840)

       519,885,491  

Other Assets Less Liabilities — 1.0%

       3,439,880  

Liability for TOB Trust Certificates, Including Interest Expense and Fees Payable — (17.5)%

       (57,094,799 ) 

VMTP Shares at Liquidation
Value — (42.9)%

       (140,000,000 ) 
   

 

 

  

Net Assets Applicable to Common Shares — 100.0%

     $ 326,230,572  
   

 

 

  

 

(a)

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

(b)

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

(c)

Zero-coupon bond.

(d)

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

(e)

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

(f)

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

(g)

When-issued security.

(h)

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

(i)

All or a portion of the security is subject to a recourse agreement. The aggregate maximum potential amount the Fund could ultimately be required to pay under the agreements, which expire between May 15, 2021 to February 15, 2047, is $9,711,903.

(j)

Affiliate of the Fund.

(k)

Annualized 7-day yield as of period end.

 

Affiliates

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

 

Affiliated Issuer    Shares
Held at
04/30/20		      Shares
Purchased		      Shares
Sold		      Shares
Held at
07/31/20		      Value at
07/31/20		      Income      Net Realized
Gain (Loss) (a)		      Change in
Unrealized
Appreciation
(Depreciation)		  

BlackRock Liquidity Funds, MuniCash, Institutional Class

      5,633,321        —        (3,791,775 )(b)       1,841,546      $ 1,841,914      $ 189      $ 2,228      $ (1,595 ) 
              

 

 

     

 

 

     

 

 

     

 

 

  

 

  (a) 

Includes net capital gain distributions, if applicable.

 
  (b) 

Represents net shares purchased (sold).

 

 

 

6  

Schedule of Investments  (unaudited) (continued)

July 31, 2020

   

BlackRock MuniVest Fund II, Inc. (MVT)

 

Fair Value Hierarchy as of Period End

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

 

  •  

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

 

  •  

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

 

  •  

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

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

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

 

      Level 1        Level 2        Level 3        Total  

Assets

                  

Investments

                  

Long-Term Investments

                  

Municipal Bonds

    $ —        $ 419,285,394        $ —        $ 419,285,394  

Municipal Bonds Transferred to Tender Option Bond Trusts

      —          98,758,183          —          98,758,183  

Short-Term Securities

                  

Money Market Funds

      1,841,914          —          —          1,841,914  
  

 

 

       

 

 

       

 

 

       

 

 

  
   $ 1,841,914        $ 518,043,577        $ —        $ 519,885,491  
  

 

 

       

 

 

       

 

 

       

 

 

  

The Fund may hold assets and/or liabilities in which the fair value approximates the carrying amount for financial reporting purposes. As of period end, such assets and/or liabilities are categorized within the disclosure hierarchy as follows:

 

      Level 1        Level 2        Level 3        Total  

Liabilities

                  

TOB Trust Certificates

    $ —        $ (57,070,953 )       $ —        $ (57,070,953 ) 

VMTP Shares at Liquidation Value

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

 

 

       

 

 

       

 

 

       

 

 

  
   $ —        $ (197,070,953 )       $ —        $ (197,070,953 ) 
  

 

 

       

 

 

       

 

 

       

 

 

  

 

Portfolio Abbreviation
AGC    Assured Guaranty Corp.
AGM    Assured Guaranty Municipal Corp.
AMBAC    AMBAC Assurance Corp.
AMT    Alternative Minimum Tax
ARB    Airport Revenue Bonds
CAB    Capital Appreciation Bonds
COP    Certificates of Participation
GO    General Obligation Bonds
GTD    GTD Guaranteed
M/F    Multi-Family
NPFGC    National Public Finance Guarantee Corp.
Portfolio Abbreviation (continued)
RB    Revenue Bond
S/F    Single-Family
SAB    Special Assessment Bonds
 

 

 

  7