BLACKROCK MUNIVEST FUND II, INC.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
N-Q
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY
Investment
Company Act file number: 811-07478
Name of Fund: BlackRock MuniVest Fund II, Inc. (MVT)
Fund Address: 100 Bellevue Parkway, Wilmington, DE 19809
Name and address of agent for service: John M. Perlowski, Chief Executive Officer, BlackRock MuniVest Fund II, Inc.,
55 East 52nd Street, New York, NY 10055
Registrant’s telephone number, including area
code: (800) 882-0052, Option 4
Date of fiscal year end: 04/30/2017
Date of reporting period: 07/31/2016
Item 1 – Schedule of Investments
|
|
|
| Schedule of Investments July 31, 2016 (Unaudited) |
|
BlackRock MuniVest Fund II, Inc.
(MVT)
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
| Municipal Bonds |
|
Par
(000) |
|
|
Value |
|
| Alabama — 2.0% |
|
| County of Jefferson Alabama, RB, Limited Obligation School, Series A, 5.25%, 1/01/19 |
|
$ |
1,490 |
|
|
$ |
1,498,687 |
|
| County of Jefferson Alabama Sewer, Refunding RB: |
|
|
|
|
|
|
|
|
| Senior Lien, Series A (AGM), 5.00%, 10/01/44 |
|
|
805 |
|
|
|
920,050 |
|
| Sub-Lien, Series D, 6.00%, 10/01/42 |
|
|
3,575 |
|
|
|
4,335,939 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
6,754,676 |
|
| Alaska — 0.3% |
|
| Northern Tobacco Securitization Corp., Refunding RB, Tobacco Settlement, Asset-Backed,
Series A, 4.63%, 6/01/23 |
|
|
1,045 |
|
|
|
1,061,730 |
|
| California — 13.1% |
|
| California Health Facilities Financing Authority, RB: |
|
|
|
|
|
|
|
|
| St. Joseph Health System, Series A, 5.75%, 7/01/39 |
|
|
2,200 |
|
|
|
2,501,554 |
|
| Sutter Health, Series B, 6.00%, 8/15/42 |
|
|
3,170 |
|
|
|
3,792,525 |
|
| California Health Facilities Financing Authority, Refunding RB, St. Joseph Health System, Series A,
5.00%, 7/01/33 |
|
|
890 |
|
|
|
1,068,792 |
|
| California Municipal Finance Authority, RB, Senior, Caritas Affordable Housing, Inc. Projects, S/F Housing,
Series A: |
|
|
|
|
|
|
|
|
| 5.25%, 8/15/39 |
|
|
145 |
|
|
|
171,000 |
|
| 5.25%, 8/15/49 |
|
|
370 |
|
|
|
433,429 |
|
| California Pollution Control Financing Authority, RB, Poseidon Resources (Channel Side) LP Desalination Project, AMT,
5.00%, 11/21/45 (a) |
|
|
1,495 |
|
|
|
1,682,862 |
|
| California Statewide Communities Development Authority, RB, Loma Linda University Medical Center,
Series A (a): |
|
|
|
|
|
|
|
|
| 5.00%, 12/01/41 |
|
|
290 |
|
|
|
333,485 |
|
| 5.00%, 12/01/46 |
|
|
635 |
|
|
|
727,335 |
|
| 5.25%, 12/01/56 |
|
|
235 |
|
|
|
273,223 |
|
| City of Los Angeles California Department of Airports, Refunding ARB, Los Angeles International Airport, Series A: |
|
|
|
|
|
|
|
|
| Senior, 5.00%, 5/15/40 |
|
|
5,930 |
|
|
|
6,758,421 |
|
| 5.25%, 5/15/39 |
|
|
800 |
|
|
|
896,208 |
|
|
|
|
|
|
|
|
|
|
| Municipal Bonds |
|
Par
(000) |
|
|
Value |
|
| California (continued) |
|
| City of Stockton California Public Financing Authority, RB, Delta Water Supply Project, Series A,
6.25%, 10/01/40 |
|
$ |
360 |
|
|
$ |
454,738 |
|
| Golden State Tobacco Securitization Corp., Refunding RB, Asset-Backed, Series A-1, 5.13%, 6/01/47 |
|
|
2,165 |
|
|
|
2,164,848 |
|
| San Marcos Unified School District, GO, CAB, Election of 2010, Series B, 0.00%, 8/01/42 (b) |
|
|
2,000 |
|
|
|
811,260 |
|
| State of California, GO, Various Purposes: |
|
|
|
|
|
|
|
|
| 6.00%, 3/01/33 |
|
|
2,525 |
|
|
|
2,979,727 |
|
| 6.50%, 4/01/33 |
|
|
14,925 |
|
|
|
17,228,823 |
|
| State of California Public Works Board, LRB, Various Capital Projects: |
|
|
|
|
|
|
|
|
| Series I, 5.00%, 11/01/38 |
|
|
775 |
|
|
|
933,596 |
|
| Sub-Series I-1, 6.38%, 11/01/34 |
|
|
1,185 |
|
|
|
1,396,226 |
|
| Tobacco Securitization Authority of Southern California, Refunding RB, Tobacco Settlement, Asset-Backed, Senior Series A-1,
4.75%, 6/01/25 |
|
|
665 |
|
|
|
675,647 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
45,283,699 |
|
| Colorado — 0.3% |
|
| Colorado Health Facilities Authority, RB, Catholic Health Initiatives, Series D,
6.25%, 10/01/33 |
|
|
1,060 |
|
|
|
1,178,540 |
|
| Connecticut — 1.6% |
|
| Connecticut State Health & Educational Facility Authority, RB, Ascension Health Senior Credit, Series A,
5.00%, 11/15/40 |
|
|
1,375 |
|
|
|
1,537,580 |
|
| Connecticut State Health & Educational Facility Authority, Refunding RB, Wesleyan University, Series G, 5.00%, 7/01/20
(c) |
|
|
3,385 |
|
|
|
3,938,583 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
5,476,163 |
|
| Delaware — 2.1% |
|
| County of Sussex Delaware, RB, NRG Energy, Inc., Indian River Power LLC Project, 6.00%, 10/01/40 |
|
|
1,125 |
|
|
|
1,266,941 |
|
| Delaware Transportation Authority, RB, 5.00%, 6/01/55 |
|
|
1,165 |
|
|
|
1,373,407 |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
BLACKROCK MUNIVEST FUND II, INC. |
|
JULY 31, 2016 |
|
1 |
|
|
|
| Schedule of Investments (continued) |
|
BlackRock MuniVest Fund II, Inc.
(MVT) |
|
|
|
|
|
|
|
|
|
| Municipal Bonds |
|
Par
(000) |
|
|
Value |
|
| Delaware (continued) |
|
| State of Delaware EDA, RB, Exempt Facilities, Indian River Power LLC Project, 5.38%, 10/01/45 |
|
$ |
4,065 |
|
|
$ |
4,457,516 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
7,097,864 |
|
| District of Columbia — 3.4% |
|
| District of Columbia, Refunding RB, Kipp Charter School, Series A, 6.00%, 7/01/43 |
|
|
240 |
|
|
|
288,921 |
|
| Metropolitan Washington Airports Authority, Refunding RB, Dulles Toll Road: |
|
|
|
|
|
|
|
|
| 1st Senior Lien, Series A, 5.25%, 10/01/44 |
|
|
1,500 |
|
|
|
1,676,070 |
|
| CAB, 2nd Senior Lien, Series B (AGC), 0.00%, 10/01/33 (b) |
|
|
6,590 |
|
|
|
3,687,698 |
|
| CAB, 2nd Senior Lien, Series B (AGC), 0.00%, 10/01/34 (b) |
|
|
4,830 |
|
|
|
2,603,805 |
|
| CAB, 2nd Senior Lien, Series B (AGC), 0.00%, 10/01/35 (b) |
|
|
6,515 |
|
|
|
3,382,067 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
11,638,561 |
|
| Florida — 3.0% |
|
| County of Collier Florida Health Facilities Authority, Refunding RB, Series A, 5.00%, 5/01/45 |
|
|
1,340 |
|
|
|
1,577,703 |
|
| County of Miami-Dade Florida Aviation, Refunding ARB, Miami International Airport, Series A-1, 5.38%, 10/01/41 |
|
|
1,165 |
|
|
|
1,339,622 |
|
| Mid-Bay Bridge Authority, RB, Springing Lien, Series A, 7.25%, 10/01/21 (c) |
|
|
3,015 |
|
|
|
3,946,484 |
|
| Palm Coast Park Community Development District, Special Assessment Bonds, 5.70%, 5/01/37 |
|
|
1,085 |
|
|
|
1,041,568 |
|
| Village Community Development District No. 10, Special Assessment Bonds, 5.13%, 5/01/43 |
|
|
2,340 |
|
|
|
2,639,192 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
10,544,569 |
|
| Georgia — 1.7% |
|
| City of Atlanta Georgia Water & Wastewater, Refunding RB, 5.00%, 11/01/40 |
|
|
850 |
|
|
|
1,031,781 |
|
|
|
|
|
|
|
|
|
|
| Municipal Bonds |
|
Par
(000) |
|
|
Value |
|
| Georgia (continued) |
|
| County of Gainesville Georgia & Hall Hospital Authority, Refunding RB, Northeast Georgia Health System, Inc. Project, Series A,
5.50%, 8/15/54 |
|
$ |
515 |
|
|
$ |
638,528 |
|
| DeKalb Private Hospital Authority, Refunding RB, Children’s Healthcare, 5.25%, 11/15/39 |
|
|
130 |
|
|
|
146,640 |
|
| Metropolitan Atlanta Rapid Transit Authority, RB, Sales Tax, 3rd Indenture, Series A, 5.00%, 7/01/39 |
|
|
3,465 |
|
|
|
3,867,979 |
|
| Municipal Electric Authority of Georgia, Refunding RB, Series X, 6.50%, 1/01/20 |
|
|
150 |
|
|
|
163,770 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
5,848,698 |
|
| Hawaii — 0.4% |
|
| State of Hawaii Harbor System, RB, Series A, 5.25%, 7/01/30 |
|
|
1,355 |
|
|
|
1,545,892 |
|
| Illinois — 21.1% |
|
| City of Chicago Illinois, GO, Project, Series A, 5.00%, 1/01/34 |
|
|
1,815 |
|
|
|
1,847,688 |
|
| City of Chicago Illinois, GO, Refunding, Project, Series A, 5.25%, 1/01/32 |
|
|
4,555 |
|
|
|
4,745,035 |
|
| City of Chicago Illinois, Special Assessment Bonds, Lake Shore East, 6.75%, 12/01/32 |
|
|
797 |
|
|
|
800,826 |
|
| City of Chicago Illinois O’Hare International Airport, GARB, 3rd Lien, Series C, 6.50%, 1/01/41 |
|
|
5,865 |
|
|
|
7,137,588 |
|
| City of Chicago Illinois Transit Authority, RB, Sales Tax Receipts, 5.25%, 12/01/40 |
|
|
1,050 |
|
|
|
1,166,256 |
|
| City of Chicago Illinois Waterworks, Refunding RB, 2nd Lien: |
|
|
|
|
|
|
|
|
| Project, 5.00%, 11/01/42 |
|
|
3,280 |
|
|
|
3,659,398 |
|
| (AGM), 5.25%, 11/01/33 |
|
|
1,325 |
|
|
|
1,419,472 |
|
| County of Cook Illinois Community College District No. 508, GO, City College of Chicago, 5.50%, 12/01/38 |
|
|
805 |
|
|
|
938,380 |
|
| Illinois Finance Authority, RB, Advocate Health Care Network, Series D, 6.50%, 11/01/18 (c) |
|
|
5,000 |
|
|
|
5,659,450 |
|
| Illinois Finance Authority, Refunding RB: |
|
|
|
|
|
|
|
|
| Central Dupage Health, Series B, 5.50%, 11/01/39 |
|
|
1,610 |
|
|
|
1,841,470 |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
| 2 |
|
BLACKROCK MUNIVEST FUND II, INC. |
|
JULY 31, 2016 |
|
|
|
|
|
| Schedule of Investments (continued) |
|
BlackRock MuniVest Fund II, Inc.
(MVT) |
|
|
|
|
|
|
|
|
|
| Municipal Bonds |
|
Par
(000) |
|
|
Value |
|
| Illinois (continued) |
|
| Illinois Finance Authority, Refunding RB (continued): |
|
|
|
|
|
|
|
|
| Presence Health Network, Series C, 5.00%, 2/15/36 (d) |
|
$ |
210 |
|
|
$ |
239,455 |
|
| Presence Health Network, Series C, 4.00%, 2/15/41 (d) |
|
|
1,425 |
|
|
|
1,428,634 |
|
| Illinois State Toll Highway Authority, RB: |
|
|
|
|
|
|
|
|
| Senior, Series C, 5.00%, 1/01/36 |
|
|
2,615 |
|
|
|
3,117,446 |
|
| Senior, Series C, 5.00%, 1/01/37 |
|
|
2,800 |
|
|
|
3,335,640 |
|
| Series A, 5.00%, 1/01/38 |
|
|
2,315 |
|
|
|
2,683,154 |
|
| Metropolitan Pier & Exposition Authority, Refunding RB, McCormick Place Expansion Project: |
|
|
|
|
|
|
|
|
| Series B (AGM), 5.00%, 6/15/50 |
|
|
4,315 |
|
|
|
4,684,580 |
|
| Series B-2, 5.00%, 6/15/50 |
|
|
2,500 |
|
|
|
2,644,075 |
|
| Railsplitter Tobacco Settlement Authority, RB: |
|
|
|
|
|
|
|
|
| 5.50%, 6/01/23 |
|
|
440 |
|
|
|
518,298 |
|
| 6.00%, 6/01/28 |
|
|
1,140 |
|
|
|
1,367,042 |
|
| Regional Transportation Authority, RB: |
|
|
|
|
|
|
|
|
| Series A (AMBAC), 7.20%, 11/01/20 |
|
|
800 |
|
|
|
909,728 |
|
| Series A (NPFGC), 6.70%, 11/01/21 |
|
|
4,690 |
|
|
|
5,407,148 |
|
| Series C (NPFGC), 7.75%, 6/01/20 |
|
|
1,795 |
|
|
|
2,069,797 |
|
| State of Illinois, GO: |
|
|
|
|
|
|
|
|
| 5.00%, 2/01/39 |
|
|
1,540 |
|
|
|
1,662,830 |
|
| Series A, 5.00%, 4/01/35 |
|
|
3,000 |
|
|
|
3,230,400 |
|
| Series A, 5.00%, 4/01/38 |
|
|
3,640 |
|
|
|
3,901,752 |
|
| State of Illinois, RB, Build Illinois, Series B, 5.25%, 6/15/34 |
|
|
630 |
|
|
|
698,531 |
|
| University of Illinois, RB, Auxiliary Facilities System, Series A: |
|
|
|
|
|
|
|
|
| 5.00%, 4/01/39 |
|
|
810 |
|
|
|
934,651 |
|
| 5.00%, 4/01/44 |
|
|
985 |
|
|
|
1,132,179 |
|
| Village of Hodgkins Illinois, RB, Metropolitan Biosolids Management LLC Project, AMT, 6.00%, 11/01/23 |
|
|
2,800 |
|
|
|
2,805,992 |
|
|
|
|
|
|
|
|
|
|
| Municipal Bonds |
|
Par
(000) |
|
|
Value |
|
| Illinois (continued) |
|
| Village of Wheeling Illinois, Tax Allocation Bonds, North Milwaukee/Lake-Cook TIF Project, 6.00%, 1/01/25 |
|
$ |
1,170 |
|
|
$ |
1,171,053 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
73,157,948 |
|
| Indiana — 4.5% |
|
| City of Valparaiso Indiana, RB, Exempt Facilities, Pratt Paper LLC Project, AMT: |
|
|
|
|
|
|
|
|
| 6.75%, 1/01/34 |
|
|
790 |
|
|
|
978,075 |
|
| 7.00%, 1/01/44 |
|
|
1,905 |
|
|
|
2,384,260 |
|
| Indiana Finance Authority, RB, Series A: |
|
|
|
|
|
|
|
|
| CWA Authority Project, 1st Lien, 5.25%, 10/01/38 |
|
|
3,280 |
|
|
|
3,906,087 |
|
| Private Activity Bond, Ohio River Bridges East End Crossing Project, AMT, 5.00%, 7/01/44 |
|
|
450 |
|
|
|
505,868 |
|
| Private Activity Bond, Ohio River Bridges East End Crossing Project, AMT, 5.00%, 7/01/48 |
|
|
1,430 |
|
|
|
1,598,068 |
|
| Private Activity Bond, Ohio River Bridges East End Crossing Project, AMT, 5.25%, 1/01/51 |
|
|
405 |
|
|
|
457,516 |
|
| Sisters of St. Francis Health Services, 5.25%, 11/01/39 |
|
|
840 |
|
|
|
944,840 |
|
| Indiana Finance Authority, Refunding RB, Parkview Health System, Series A, 5.75%, 5/01/31 |
|
|
2,795 |
|
|
|
3,163,912 |
|
| Indianapolis Local Public Improvement Bond Bank, RB, Series A, 5.00%, 1/15/40 |
|
|
1,270 |
|
|
|
1,504,912 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
15,443,538 |
|
| Iowa — 1.5% |
|
| Iowa Finance Authority, Refunding RB, Midwestern Disaster Area, Iowa Fertilizer Co. Project: |
|
|
|
|
|
|
|
|
| 5.00%, 12/01/19 |
|
|
890 |
|
|
|
924,478 |
|
| 5.50%, 12/01/22 |
|
|
2,340 |
|
|
|
2,433,366 |
|
| 5.25%, 12/01/25 |
|
|
460 |
|
|
|
496,230 |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
BLACKROCK MUNIVEST FUND II, INC. |
|
JULY 31, 2016 |
|
3 |
|
|
|
| Schedule of Investments (continued) |
|
BlackRock MuniVest Fund II, Inc.
(MVT) |
|
|
|
|
|
|
|
|
|
| Municipal Bonds |
|
Par
(000) |
|
|
Value |
|
| Iowa (continued) |
|
| Iowa Student Loan Liquidity Corp., Refunding RB, Student Loan, Senior Series A-1, AMT, 5.15%, 12/01/22 |
|
$ |
1,190 |
|
|
$ |
1,267,588 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
5,121,662 |
|
| Kentucky — 0.6% |
|
| Kentucky Economic Development Finance Authority, RB, Catholic Health Initiatives, Series A, 5.25%, 1/01/45 |
|
|
995 |
|
|
|
1,142,399 |
|
| Kentucky Public Transportation Infrastructure Authority, RB, Downtown Crossing Project, Convertible CAB, 1st Tier, Series C,
0.00%, 7/01/43 (e) |
|
|
1,200 |
|
|
|
1,069,860 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
2,212,259 |
|
| Louisiana — 2.7% |
|
| Louisiana Local Government Environmental Facilities & Community Development Authority, RB, Westlake Chemical Corp. Project,
Series A-1, 6.50%, 11/01/35 |
|
|
3,320 |
|
|
|
3,995,687 |
|
| Tobacco Settlement Financing Corp., Refunding RB, Asset-Backed, Series A: |
|
|
|
|
|
|
|
|
| 5.50%, 5/15/30 |
|
|
1,020 |
|
|
|
1,167,155 |
|
| 5.25%, 5/15/31 |
|
|
870 |
|
|
|
986,737 |
|
| 5.25%, 5/15/32 |
|
|
1,110 |
|
|
|
1,279,164 |
|
| 5.25%, 5/15/33 |
|
|
1,205 |
|
|
|
1,378,833 |
|
| 5.25%, 5/15/35 |
|
|
505 |
|
|
|
580,876 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
9,388,452 |
|
| Maryland — 1.0% |
|
| Maryland Community Development Administration, Refunding, HRB, Residential, Series D, AMT, 4.90%, 9/01/42 |
|
|
1,500 |
|
|
|
1,513,050 |
|
| Maryland EDC, RB, Transportation Facilities Project, Series A, 5.75%, 6/01/35 |
|
|
435 |
|
|
|
487,444 |
|
| Maryland EDC, Refunding RB, CNX Marine Terminals, Inc., 5.75%, 9/01/25 |
|
|
750 |
|
|
|
745,245 |
|
|
|
|
|
|
|
|
|
|
| Municipal Bonds |
|
Par
(000) |
|
|
Value |
|
| Maryland (continued) |
|
| Maryland Health & Higher Educational Facilities Authority, RB, University of Maryland Medical System, Series B (NPFGC),
7.00%, 7/01/22 |
|
$ |
725 |
|
|
$ |
875,082 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
3,620,821 |
|
| Massachusetts — 3.9% |
|
| Commonwealth of Massachusetts, GO, Series E, 3.00%, 4/01/44 |
|
|
2,870 |
|
|
|
2,860,271 |
|
| Massachusetts Development Finance Agency, Refunding RB, Covanta Energy Project, Series C, AMT, 5.25%, 11/01/42
(a) |
|
|
2,205 |
|
|
|
2,245,881 |
|
| Massachusetts Health & Educational Facilities Authority, Refunding RB, Partners Healthcare System, Series J1,
5.00%, 7/01/39 |
|
|
990 |
|
|
|
1,103,009 |
|
| Massachusetts HFA, RB, AMT: |
|
|
|
|
|
|
|
|
| M/F Housing, Series A, 5.20%, 12/01/37 |
|
|
2,830 |
|
|
|
2,918,239 |
|
| S/F Housing, Series 130, 5.00%, 12/01/32 |
|
|
2,290 |
|
|
|
2,307,747 |
|
| Massachusetts HFA, Refunding RB, Series F, AMT, 5.70%, 6/01/40 |
|
|
1,955 |
|
|
|
2,065,555 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
13,500,702 |
|
| Michigan — 6.1% |
|
| City of Detroit Michigan Sewage Disposal System, Refunding RB, Senior Lien, Series A, 5.25%, 7/01/39 |
|
|
4,425 |
|
|
|
5,072,555 |
|
| Kalamazoo Hospital Finance Authority, Refunding RB, Bronson Methodist Hospital, 5.50%, 5/15/36 |
|
|
1,380 |
|
|
|
1,567,514 |
|
| Michigan Finance Authority, Refunding RB, Detroit Water & Sewage Department Project, Senior Lien, Series C-1,
5.00%, 7/01/44 |
|
|
880 |
|
|
|
991,610 |
|
| Michigan State Hospital Finance Authority, Refunding RB, Series A: |
|
|
|
|
|
|
|
|
| Henry Ford Health System, 5.25%, 11/15/46 |
|
|
5,080 |
|
|
|
5,146,751 |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
| 4 |
|
BLACKROCK MUNIVEST FUND II, INC. |
|
JULY 31, 2016 |
|
|
|
|
|
| Schedule of Investments (continued) |
|
BlackRock MuniVest Fund II, Inc.
(MVT) |
|
|
|
|
|
|
|
|
|
| Municipal Bonds |
|
Par
(000) |
|
|
Value |
|
| Michigan (continued) |
|
| Michigan State Hospital Finance Authority, Refunding RB, Series A (continued): |
|
|
|
|
|
|
|
|
| McLaren Health Care, 5.75%, 5/15/18 (c) |
|
$ |
7,560 |
|
|
$ |
8,250,984 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
21,029,414 |
|
| Mississippi — 1.4% |
|
| County of Lowndes Mississippi, Refunding RB, Solid Waste Disposal & Pollution Control, Weyerhaeuser Co. Project, Series A,
6.80%, 4/01/22 |
|
|
3,000 |
|
|
|
3,752,910 |
|
| University of Southern Mississippi, RB, Campus Facilities Improvements Project, 5.38%, 9/01/19 (c) |
|
|
1,065 |
|
|
|
1,216,624 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
4,969,534 |
|
| Missouri — 0.2% |
|
| Bi-State Development Agency of the Missouri-Illinois Metropolitan District, Refunding RB, Combined Lien, Series A,
5.00%, 10/01/44 |
|
|
255 |
|
|
|
299,528 |
|
| State of Missouri Health & Educational Facilities Authority, Refunding RB, St. Louis College of Pharmacy Project,
5.50%, 5/01/43 |
|
|
245 |
|
|
|
280,096 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
579,624 |
|
| Nebraska — 0.7% |
|
| Central Plains Energy Project Nebraska, RB, Gas Project No. 3: |
|
|
|
|
|
|
|
|
| 5.25%, 9/01/37 |
|
|
825 |
|
|
|
946,366 |
|
| 5.00%, 9/01/42 |
|
|
1,445 |
|
|
|
1,629,555 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
2,575,921 |
|
| New Jersey — 6.1% |
|
| Casino Reinvestment Development Authority, Refunding RB: |
|
|
|
|
|
|
|
|
| 5.25%, 11/01/39 |
|
|
1,675 |
|
|
|
1,786,890 |
|
| 5.25%, 11/01/44 |
|
|
1,525 |
|
|
|
1,620,328 |
|
| County of Essex New Jersey Improvement Authority, RB, AMT, 5.25%, 7/01/45 (a) |
|
|
1,085 |
|
|
|
1,134,953 |
|
| New Jersey EDA, RB, Continental Airlines, Inc. Project, AMT, 5.25%, 9/15/29 |
|
|
1,955 |
|
|
|
2,189,072 |
|
|
|
|
|
|
|
|
|
|
| Municipal Bonds |
|
Par
(000) |
|
|
Value |
|
| New Jersey (continued) |
|
| New Jersey EDA, Refunding, Special Assessment Bonds, Kapkowski Road Landfill Project, 5.75%, 4/01/31 |
|
$ |
2,240 |
|
|
$ |
2,682,557 |
|
| New Jersey Housing & Mortgage Finance Agency, RB, S/F Housing, Series AA, 6.38%, 10/01/28 |
|
|
245 |
|
|
|
253,891 |
|
| New Jersey State Turnpike Authority, RB: |
|
|
|
|
|
|
|
|
| Series A, 5.00%, 1/01/43 |
|
|
1,985 |
|
|
|
2,320,822 |
|
| Series E, 5.00%, 1/01/45 |
|
|
2,615 |
|
|
|
3,106,489 |
|
| New Jersey Transportation Trust Fund Authority, RB: |
|
|
|
|
|
|
|
|
| Transportation Program, Series AA, 5.00%, 6/15/44 |
|
|
1,270 |
|
|
|
1,408,430 |
|
| Transportation System, Series A, 5.50%, 6/15/41 |
|
|
1,635 |
|
|
|
1,823,058 |
|
| Transportation System, Series B, 5.25%, 6/15/36 |
|
|
2,460 |
|
|
|
2,721,105 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
21,047,595 |
|
| New York — 15.2% |
|
| City of New York New York Industrial Development Agency, RB, Special Needs Facilities Pooled Program, Series C-1,
6.50%, 7/01/17 |
|
|
255 |
|
|
|
255,235 |
|
| City of New York New York Transitional Finance Authority, RB: |
|
|
|
|
|
|
|
|
| Fiscal 2009, Series S-3, 5.25%, 1/15/39 |
|
|
6,700 |
|
|
|
7,395,125 |
|
| Fiscal 2012, Sub-Series E-1, 5.00%, 2/01/42 |
|
|
2,460 |
|
|
|
2,907,646 |
|
| Counties of New York Tobacco Trust IV, Refunding RB, Settlement Pass-Through Turbo, Series A, 6.25%, 6/01/41
(a) |
|
|
1,800 |
|
|
|
1,905,426 |
|
| Erie Tobacco Asset Securitization Corp., Refunding RB, Asset-Backed, Series A, 5.00%, 6/01/45 |
|
|
1,960 |
|
|
|
1,960,098 |
|
| Metropolitan Transportation Authority, RB, Series C: |
|
|
|
|
|
|
|
|
| 6.50%, 11/15/18 (c) |
|
|
7,015 |
|
|
|
7,945,890 |
|
| 6.50%, 11/15/28 |
|
|
2,390 |
|
|
|
2,707,511 |
|
| New York Liberty Development Corp., RB, 1 World Trade Center Port Authority Consolidated, 5.25%, 12/15/43 |
|
|
10,735 |
|
|
|
12,924,189 |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
BLACKROCK MUNIVEST FUND II, INC. |
|
JULY 31, 2016 |
|
5 |
|
|
|
| Schedule of Investments (continued) |
|
BlackRock MuniVest Fund II, Inc.
(MVT) |
|
|
|
|
|
|
|
|
|
| Municipal Bonds |
|
Par
(000) |
|
|
Value |
|
| New York (continued) |
|
| New York Liberty Development Corp., Refunding RB: |
|
|
|
|
|
|
|
|
| 2nd Priority, Bank of America Tower at One Bryant Park Project, Class 3, 6.38%, 7/15/49 |
|
$ |
1,220 |
|
|
$ |
1,387,530 |
|
| 3 World Trade Center Project, Class 1, 5.00%, 11/15/44 (a) |
|
|
2,860 |
|
|
|
3,279,390 |
|
| 3 World Trade Center Project, Class 2, 5.15%, 11/15/34 (a) |
|
|
340 |
|
|
|
382,412 |
|
| 3 World Trade Center Project, Class 2, 5.38%, 11/15/40 (a) |
|
|
850 |
|
|
|
990,437 |
|
| New York State Dormitory Authority, Refunding RB, General Purpose, Series A, 5.00%, 6/15/31 |
|
|
1,790 |
|
|
|
2,174,528 |
|
| New York Transportation Development Corp., RB, Laguardia Airport Terminal B Redevelopment Project, Series A (AMT),
5.00%, 7/01/41 |
|
|
595 |
|
|
|
681,953 |
|
| Port Authority of New York & New Jersey, ARB, Special Project, JFK International Air Terminal LLC Project,
Series 8: |
|
|
|
|
|
|
|
|
| 6.00%, 12/01/36 |
|
|
1,165 |
|
|
|
1,374,339 |
|
| 6.00%, 12/01/42 |
|
|
1,250 |
|
|
|
1,470,438 |
|
| Westchester County Industrial Development Agency, RB, Special Needs Facilities Pooled Program, Series E-1,
6.50%, 7/01/17 |
|
|
400 |
|
|
|
402,048 |
|
| Westchester Tobacco Asset Securitization, Refunding RB, 5.13%, 6/01/45 |
|
|
2,300 |
|
|
|
2,299,793 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
52,443,988 |
|
| North Carolina — 1.3% |
|
| North Carolina Medical Care Commission, RB, Health Care Facilities, Duke University Health System, Series A, 5.00%, 6/01/19
(c) |
|
|
1,400 |
|
|
|
1,570,450 |
|
| North Carolina Medical Care Commission, Refunding RB: |
|
|
|
|
|
|
|
|
| 1st Mortgage, Retirement Facilities Whitestone Project, Series A, 7.75%, 3/01/41 |
|
|
595 |
|
|
|
688,344 |
|
|
|
|
|
|
|
|
|
|
| Municipal Bonds |
|
Par
(000) |
|
|
Value |
|
| North Carolina (continued) |
|
| North Carolina Medical Care Commission, Refunding RB (continued): |
|
|
|
|
|
|
|
|
| Carolina Village Project, 6.00%, 4/01/38 |
|
$ |
2,000 |
|
|
$ |
2,088,440 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
4,347,234 |
|
| Ohio — 1.5% |
|
| Buckeye Tobacco Settlement Financing Authority, RB, Asset-Backed, Senior Turbo Term, Series A-2, 5.88%, 6/01/47 |
|
|
4,000 |
|
|
|
3,969,760 |
|
| County of Franklin Ohio, RB, Health Care Facilities Improvement, OPRS Communities Obligation Group, Series A,
6.13%, 7/01/40 |
|
|
660 |
|
|
|
751,925 |
|
| State of Ohio, RB, Portsmouth Bypass Project, AMT, 5.00%, 6/30/53 |
|
|
275 |
|
|
|
310,846 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
5,032,531 |
|
| Pennsylvania — 2.3% |
|
| City of Philadelphia Pennsylvania Hospitals & Higher Education Facilities Authority, RB, Temple University Health System, Series
A, 5.63%, 7/01/42 |
|
|
635 |
|
|
|
712,724 |
|
| Pennsylvania Economic Development Financing Authority, RB: |
|
|
|
|
|
|
|
|
| Aqua Pennsylvania, Inc. Project, Series B, 5.00%, 11/15/40 |
|
|
1,890 |
|
|
|
2,112,907 |
|
| Pennsylvania Bridge Finco LP, AMT, 5.00%, 6/30/42 |
|
|
850 |
|
|
|
998,886 |
|
| Pennsylvania Economic Development Financing Authority, Refunding RB, National Gypsum Co., AMT, 5.50%, 11/01/44 |
|
|
1,035 |
|
|
|
1,164,861 |
|
| Pennsylvania Turnpike Commission, RB: |
|
|
|
|
|
|
|
|
| Series A, 5.00%, 12/01/44 |
|
|
1,105 |
|
|
|
1,313,569 |
|
| Series A-1, 5.00%, 12/01/46 |
|
|
1,365 |
|
|
|
1,625,524 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
7,928,471 |
|
| Rhode Island — 1.7% |
|
| Tobacco Settlement Financing Corp., Refunding RB, Series B: |
|
|
|
|
|
|
|
|
| 4.50%, 6/01/45 |
|
|
2,645 |
|
|
|
2,827,875 |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
| 6 |
|
BLACKROCK MUNIVEST FUND II, INC. |
|
JULY 31, 2016 |
|
|
|
|
|
| Schedule of Investments (continued) |
|
BlackRock MuniVest Fund II, Inc.
(MVT) |
|
|
|
|
|
|
|
|
|
| Municipal Bonds |
|
Par
(000) |
|
|
Value |
|
| Rhode Island (continued) |
|
| Tobacco Settlement Financing Corp., Refunding RB, Series B (continued): |
|
|
|
|
|
|
|
|
| 5.00%, 6/01/50 |
|
$ |
2,945 |
|
|
$ |
3,155,509 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
5,983,384 |
|
| South Carolina — 4.8% |
|
| State of South Carolina Ports Authority, RB: |
|
|
|
|
|
|
|
|
| 5.25%, 7/01/40 |
|
|
3,280 |
|
|
|
3,723,325 |
|
| AMT, 5.25%, 7/01/55 |
|
|
1,295 |
|
|
|
1,512,405 |
|
| State of South Carolina Public Service Authority, RB, Santee Cooper, Series A, 5.50%, 12/01/54 |
|
|
6,180 |
|
|
|
7,441,709 |
|
| State of South Carolina Public Service Authority, Refunding RB, Series E, 5.25%, 12/01/55 |
|
|
3,135 |
|
|
|
3,790,873 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
16,468,312 |
|
| Tennessee — 0.6% |
|
| City of Chattanooga Tennessee Health Educational & Housing Facility Board, RB, Catholic Health Initiatives, Series A,
5.25%, 1/01/45 |
|
|
995 |
|
|
|
1,142,399 |
|
| Metropolitan Government Nashville & Davidson County Health & Educational Facilities Board, RB, Vanderbilt University Medical
Center, Series A, 5.00%, 7/01/46 |
|
|
690 |
|
|
|
828,649 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
1,971,048 |
|
| Texas — 6.8% |
|
| Brazos River Authority, Refunding RB, Texas Utility Co., Series A, AMT, 7.70%, 4/01/33 (f)(g) |
|
|
1,500 |
|
|
|
25,440 |
|
| Central Texas Regional Mobility Authority, Refunding RB, Senior Lien, 6.25%, 1/01/21 (c) |
|
|
2,140 |
|
|
|
2,635,239 |
|
| City of Dallas Texas Waterworks & Sewer System, Refunding RB, 5.00%, 10/01/35 |
|
|
510 |
|
|
|
591,733 |
|
| City of Houston Texas Airport System, Refunding ARB, United Airlines, Inc. Terminal E Project, AMT,
5.00%, 7/01/29 |
|
|
965 |
|
|
|
1,091,444 |
|
| Clifton Higher Education Finance Corp., RB, Idea Public Schools, 6.00%, 8/15/43 |
|
|
745 |
|
|
|
909,220 |
|
|
|
|
|
|
|
|
|
|
| Municipal Bonds |
|
Par
(000) |
|
|
Value |
|
| Texas (continued) |
|
| County of Harris Texas Cultural Education Facilities Finance Corp., RB, 1st Mortgage, Brazos Presbyterian Homes, Inc. Project,
Series B, 7.00%, 1/01/48 |
|
$ |
455 |
|
|
$ |
543,934 |
|
| County of Harris Texas Health Facilities Development Corp., Refunding RB, Memorial Hermann Healthcare System, Series B,
7.25%, 12/01/18 (c) |
|
|
2,000 |
|
|
|
2,304,600 |
|
| Fort Bend County Industrial Development Corp., RB, NRG Energy Project, Series B, 4.75%, 11/01/42 |
|
|
670 |
|
|
|
732,397 |
|
| North Texas Tollway Authority, Refunding RB, Series A: |
|
|
|
|
|
|
|
|
| 1st Tier System, 6.25%, 1/01/19 (c) |
|
|
5,690 |
|
|
|
6,451,550 |
|
| 1st Tier System, 6.25%, 1/01/39 |
|
|
1,310 |
|
|
|
1,467,121 |
|
| 5.00%, 1/01/38 |
|
|
925 |
|
|
|
1,098,086 |
|
| Texas Private Activity Bond Surface Transportation Corp., RB, Senior Lien: |
|
|
|
|
|
|
|
|
| LBJ Infrastructure Group LLC, 7.00%, 6/30/40 |
|
|
2,000 |
|
|
|
2,369,980 |
|
| NTE Mobility Partners LLC, North Tarrant Express Managed Lanes Project, 6.88%, 12/31/39 |
|
|
2,775 |
|
|
|
3,291,761 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
23,512,505 |
|
| Utah — 0.9% |
|
| City of Riverton Utah, RB, IHC Health Services, Inc., 5.00%, 8/15/41 |
|
|
2,780 |
|
|
|
3,058,890 |
|
| Virginia — 2.5% |
|
| County of Fairfax Virginia EDA, Refunding RB, Goodwin House, Inc.: |
|
|
|
|
|
|
|
|
| 5.13%, 10/01/37 |
|
|
500 |
|
|
|
517,350 |
|
| 5.13%, 10/01/42 (c) |
|
|
3,440 |
|
|
|
3,559,781 |
|
| Virginia Small Business Financing Authority, RB, Senior Lien, Elizabeth River Crossings OpCo LLC Project, AMT: |
|
|
|
|
|
|
|
|
| 5.25%, 1/01/32 |
|
|
1,615 |
|
|
|
1,853,245 |
|
| 6.00%, 1/01/37 |
|
|
2,365 |
|
|
|
2,825,158 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
8,755,534 |
|
| Washington — 2.2% |
|
| Port of Seattle Washington, RB, Series C, AMT, 5.00%, 4/01/40 |
|
|
755 |
|
|
|
886,997 |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
BLACKROCK MUNIVEST FUND II, INC. |
|
JULY 31, 2016 |
|
7 |
|
|
|
| Schedule of Investments (continued) |
|
BlackRock MuniVest Fund II, Inc.
(MVT) |
|
|
|
|
|
|
|
|
|
| Municipal Bonds |
|
Par
(000) |
|
|
Value |
|
| Washington (continued) |
|
| Washington Health Care Facilities Authority, RB, Catholic Health Initiatives, Series A, 5.75%, 1/01/45 |
|
$ |
2,290 |
|
|
$ |
2,769,778 |
|
| Washington Health Care Facilities Authority, Refunding RB, Catholic Health Initiatives, Series D,
6.38%, 10/01/36 |
|
|
3,700 |
|
|
|
4,109,257 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
7,766,032 |
|
| Wisconsin — 3.7% |
|
| State of Wisconsin, Refunding RB, Series A, 6.00%, 5/01/36 |
|
|
7,100 |
|
|
|
8,066,594 |
|
| State of Wisconsin Health & Educational Facilities Authority, RB, Ascension Health Senior Credit Group, Series E,
5.00%, 11/15/33 |
|
|
2,465 |
|
|
|
2,789,517 |
|
| Wisconsin Health & Educational Facilities Authority, Refunding RB, Medical College of Wisconsin, Inc.,
4.00%, 12/01/46 |
|
|
1,810 |
|
|
|
1,977,063 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
12,833,174 |
|
| Total Municipal Bonds – 121.2% |
|
|
|
|
|
|
419,178,965 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
Municipal Bonds Transferred to
Tender Option Bond Trusts (h) |
|
| California — 6.0% |
|
| Bay Area Toll Authority, Refunding RB, San Francisco Bay Area, Series F-1, 5.63%, 4/01/19 (c) |
|
|
3,271 |
|
|
|
3,704,201 |
|
| California Educational Facilities Authority, RB, University of Southern California, Series B, 5.25%, 10/01/39
(i) |
|
|
2,610 |
|
|
|
2,862,126 |
|
| City & County of San Francisco California Public Utilities Commission, RB, Water Revenue, Series B,
5.00%, 11/01/39 |
|
|
9,480 |
|
|
|
10,725,672 |
|
| Los Angeles Community College District California, GO, Election of 2001, Series A (AGM),
5.00%, 8/01/17 (c) |
|
|
2,290 |
|
|
|
2,394,607 |
|
|
|
|
|
|
|
|
|
|
Municipal Bonds Transferred to
Tender Option Bond Trusts (h) |
|
Par
(000) |
|
|
Value |
|
| California (continued) |
|
| San Diego Community College District California, GO, Election of 2002, 5.25%, 8/01/33 |
|
$ |
1,077 |
|
|
$ |
1,224,325 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
20,910,931 |
|
| Colorado — 0.7% |
|
| Colorado Health Facilities Authority, Refunding RB, Catholic Health Initiatives, Series A,
5.50%, 7/01/34 (i) |
|
|
2,129 |
|
|
|
2,388,582 |
|
| Connecticut — 1.8% |
|
| Connecticut State Health & Educational Facility Authority, RB, Yale University, Series
Z-3, 5.05%, 7/01/42 |
|
|
6,000 |
|
|
|
6,239,760 |
|
| Florida — 1.9% |
|
| County of Miami-Dade Florida, RB, Water & Sewer System,
5.00%, 10/01/34 |
|
|
5,679 |
|
|
|
6,531,591 |
|
| Illinois — 0.9% |
|
| State of Illinois Toll Highway Authority, RB, Series B, 5.50%, 1/01/18
(c) |
|
|
2,999 |
|
|
|
3,209,070 |
|
| Maryland — 0.7% |
|
| State of Maryland Transportation Authority, RB, Transportation Facilities Project (AGM),
5.00%, 7/01/41 |
|
|
2,290 |
|
|
|
2,466,467 |
|
| Massachusetts — 0.8% |
|
| Massachusetts School Building Authority, RB, Senior, Series B,
5.00%, 10/15/41 |
|
|
2,266 |
|
|
|
2,680,336 |
|
| New Hampshire — 0.7% |
|
| New Hampshire Health & Education Facilities Authority, RB, Dartmouth College,
5.25%, 6/01/19 (c)(i) |
|
|
2,009 |
|
|
|
2,267,048 |
|
| New York — 7.9% |
|
| City of New York New York Municipal Water Finance Authority, Refunding RB, Water & Sewer System, 2nd General Resolution,
Series DD: |
|
|
|
|
|
|
|
|
| 5.00%, 6/15/18 (c) |
|
|
927 |
|
|
|
1,001,100 |
|
| 5.00%, 6/15/37 |
|
|
5,372 |
|
|
|
5,799,848 |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
| 8 |
|
BLACKROCK MUNIVEST FUND II, INC. |
|
JULY 31, 2016 |
|
|
|
|
|
| Schedule of Investments (continued) |
|
BlackRock MuniVest Fund II, Inc.
(MVT) |
|
|
|
|
|
|
|
|
|
Municipal Bonds Transferred to
Tender Option Bond Trusts (h) |
|
Par
(000) |
|
|
Value |
|
| New York (continued) |
|
| City of New York New York Municipal Water Finance Authority, Refunding RB, Water & Sewer System, 2nd General Resolution, Series
FF-2, 5.50%, 6/15/40 |
|
$ |
1,575 |
|
|
$ |
1,784,160 |
|
| Hudson Yards Infrastructure Corp., RB, Fiscal 2012, Series A, 5.75%, 2/15/47 |
|
|
1,610 |
|
|
|
1,903,490 |
|
| Metropolitan Transportation Authority, Refunding RB, Series C-1, 5.25%, 11/15/56 |
|
|
4,720 |
|
|
|
5,827,042 |
|
| New York Liberty Development Corp., Refunding RB, 4 World Trade Center Project, 5.75%, 11/15/51 |
|
|
6,440 |
|
|
|
7,791,785 |
|
| Port Authority of New York & New Jersey, Refunding ARB, 194th Series, 5.25%, 10/15/55 |
|
|
2,595 |
|
|
|
3,224,391 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
27,331,816 |
|
| North Carolina — 2.7% |
|
| North Carolina Capital Facilities Finance Agency, Refunding RB, Duke University Project: |
|
|
|
|
|
|
|
|
| Series A, 5.00%, 10/01/41 |
|
|
6,239 |
|
|
|
6,285,443 |
|
| Series B, 5.00%, 10/01/55 |
|
|
2,550 |
|
|
|
3,104,574 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
9,390,017 |
|
| Ohio — 5.2% |
|
| Ohio Higher Educational Facility Commission, RB, Cleveland Clinic Health, Series A, 5.25%, 1/01/33 |
|
|
2,400 |
|
|
|
2,558,160 |
|
| State of Ohio, Refunding RB, Cleveland Clinic Health System Obligated Group, Series A, 5.50%, 1/01/39 |
|
|
13,843 |
|
|
|
15,368,587 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
17,926,747 |
|
| South Carolina — 1.6% |
|
| South Carolina Public Service Authority, Refunding RB, Series A (c): |
|
|
|
|
|
|
|
|
| 5.50%, 1/01/19 |
|
|
398 |
|
|
|
444,526 |
|
| 5.50%, 1/01/19 (i) |
|
|
4,603 |
|
|
|
5,139,977 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
5,584,503 |
|
| Texas — 2.8% |
|
| City of San Antonio Texas Public Service Board, RB, Electric & Gas Systems, Junior Lien, 5.00%, 2/01/43 |
|
|
2,520 |
|
|
|
2,984,083 |
|
|
|
|
|
|
|
|
|
|
Municipal Bonds Transferred to
Tender Option Bond Trusts (h) |
|
Par
(000) |
|
|
Value |
|
| Texas (continued) |
|
| County of Harris Texas Metropolitan Transit Authority, Refunding RB, Series A, 5.00%, 11/01/41 |
|
$ |
3,400 |
|
|
$ |
3,992,892 |
|
| Texas Department of Housing & Community Affairs, RB, S/F Mortgage, Series B, AMT, 5.25%, 9/01/32 |
|
|
690 |
|
|
|
698,716 |
|
| University of Texas, Refunding RB, Financing System, Series B, 5.00%, 8/15/43 |
|
|
1,831 |
|
|
|
2,188,124 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
9,863,815 |
|
| Washington — 5.1% |
|
| Central Puget Sound Regional Transit Authority, RB, Series A (c): |
|
|
|
|
|
|
|
|
| 5.00%, 11/01/17 |
|
|
4,500 |
|
|
|
4,749,390 |
|
| 5.00%, 11/01/17 |
|
|
4,500 |
|
|
|
4,749,390 |
|
| (AGM), 5.00%, 11/01/17 |
|
|
7,693 |
|
|
|
8,119,805 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
17,618,585 |
|
| Wisconsin — 0.8% |
|
| Wisconsin Health & Educational Facilities Authority, Refunding RB, Froedtert &
Community Health, Inc., Obligated Group, Series C, 5.25%, 4/01/39 (i) |
|
|
2,499 |
|
|
|
2,723,782 |
|
Total Municipal Bonds Transferred to
Tender Option Bond Trusts — 39.6% |
|
|
|
137,133,050 |
|
Total Long-Term Investments
(Cost — $496,173,329) — 160.8% |
|
|
|
556,312,015 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
| Short-Term Securities |
|
Shares |
|
|
|
|
| BlackRock Liquidity Funds, MuniCash, Institutional Class, 0.26% (j)(k) |
|
|
457,261 |
|
|
|
457,261 |
|
Total Short-Term Securities
(Cost — $457,261) — 0.1% |
|
|
|
457,261 |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
BLACKROCK MUNIVEST FUND II, INC. |
|
JULY 31, 2016 |
|
9 |
|
|
|
| Schedule of Investments (continued) |
|
BlackRock MuniVest Fund II, Inc.
(MVT) |
|
|
|
|
|
|
|
|
|
| Short-Term Securities |
|
|
|
|
Value |
|
| Total Investments (Cost — $496,630,590*) — 160.9% |
|
|
$ |
556,769,276 |
|
| Other Assets Less Liabilities — 0.6% |
|
|
|
1,868,392 |
|
| Liability for TOB Trust Certificates, Including Interest Expense and Fees Payable — (21.0)% |
|
|
|
(72,701,546 |
) |
| VMTP Shares, at Liquidation Value — (40.5)% |
|
|
|
|
|
|
(140,000,000 |
) |
|
|
|
|
|
|
|
|
|
| Net Assets Applicable to Common Shares — 100.0% |
|
|
$ |
345,936,122 |
|
|
|
|
|
|
|
|
|
|
| * |
|
As of July 31, 2016, gross unrealized appreciation and depreciation based on cost for federal income tax purposes were as follows: |
|
|
|
|
|
| Tax cost |
|
$ |
424,180,103 |
|
|
|
|
|
|
| Gross unrealized appreciation |
|
$ |
61,667,763 |
|
| Gross unrealized depreciation |
|
|
(1,720,242 |
) |
|
|
|
|
|
| Net unrealized appreciation |
|
$ |
59,947,521 |
|
|
|
|
|
|
|
| Notes to Schedule of Investments |
| (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. |
| (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) |
|
When-issued security. |
| (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) |
|
Non-income producing security. |
| (g) |
|
Issuer filed for bankruptcy and/or is in default of interest payments. |
| (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 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 October 1, 2016 to July 1, 2017 is $9,128,597. |
| (j) |
|
Current yield as of period end. |
| (k) |
|
During the period ended July 31, 2016, investments in issuers considered to be affiliates of the Fund for purposes of Section 2(a)(3) of the Investment Company Act of
1940, as amended, were as follows: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Affiliate |
|
Shares Held
at April 30,
2016 |
|
|
Net
Activity |
|
|
Shares Held
at July 31,
2016 |
|
|
Value
at July 31,
2016 |
|
|
Income |
|
| BlackRock Liquidity Funds, MuniCash, Institutional Class |
|
|
1,981,652 |
|
|
|
(1,524,391 |
) |
|
$ |
457,261 |
|
|
$ |
457,261 |
|
|
$ |
1,702 |
|
|
| Derivative Financial Instruments Outstanding as of Period End |
Futures Contracts
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Contracts
Short |
|
|
Issue |
|
|
Expiration |
|
|
Notional
Value |
|
|
Unrealized
Appreciation (Depreciation) |
|
| |
(33 |
) |
|
|
5-Year U.S. Treasury Note |
|
|
|
September 2016 |
|
|
|
$4,026,516 |
|
|
$ |
3,895 |
|
| |
(38 |
) |
|
|
10-Year U.S. Treasury Note |
|
|
|
September 2016 |
|
|
|
$5,055,781 |
|
|
|
(4,103 |
) |
| |
(20 |
) |
|
|
Long U.S. Treasury Bond |
|
|
|
September 2016 |
|
|
|
$3,488,750 |
|
|
|
(57,117 |
) |
| |
(5 |
) |
|
|
Ultra U.S. Treasury Bond |
|
|
|
September 2016 |
|
|
|
$ 952,656 |
|
|
|
(12,692 |
) |
| |
Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
(70,017 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
| 10 |
|
BLACKROCK MUNIVEST FUND II, INC. |
|
JULY 31, 2016 |
|
|
|
|
|
| Schedule of Investments (continued) |
|
BlackRock MuniVest Fund II, Inc.
(MVT) |
|
|
|
|
|
|
|
|
|
| AGC |
|
Assured Guarantee Corp. |
| AGM |
|
Assured Guaranty Municipal Corp. |
| AMBAC |
|
American Municipal Bond Assurance Corp. |
| AMT |
|
Alternative Minimum Tax (subject to) |
| ARB |
|
Airport Revenue Bonds |
| CAB |
|
Capital Appreciation Bonds |
| EDA |
|
Economic Development Authority |
| EDC |
|
Economic Development Corp. |
| GARB |
|
General Airport Revenue Bonds |
| GO |
|
General Obligation Bonds |
| HFA |
|
Housing Finance Agency |
| HRB |
|
Housing Revenue Bonds |
| LRB |
|
Lease Revenue Bonds |
| M/F |
|
Multi-Family |
| NPFGC |
|
National Public Finance Guarantee Corp. |
| RB |
|
Revenue Bonds |
| S/F |
|
Single-Family |
|
| Fair Value Hierarchy as of Period End |
Various inputs are used in determining the fair value of investments and derivative financial instruments. These inputs to valuation
techniques are categorized into a fair value hierarchy consisting of three broad levels for financial reporting purposes as follows:
| |
• |
|
Level 1 — unadjusted price quotations in active markets/exchanges for identical assets or liabilities that the Fund has the ability to access
|
| |
• |
|
Level 2 — other observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are active, quoted
prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the assets or liabilities (such as interest rates, yield curves, volatilities, prepayment speeds, loss
severities, credit risks and default rates) or other market-corroborated inputs) |
| |
• |
|
Level 3 — unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available
(including the Fund’s own assumptions used in determining the fair value of investments and derivative financial instruments) |
The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3
measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such
cases, for disclosure purposes, the fair value hierarchy classification is determined based on the lowest level input that is significant to the fair value measurement in its entirety. The significant unobservable inputs used by the Global Valuation
Committee in determining the price for Fair Valued Investments are typically categorized as level 3.
Changes in valuation
techniques may result in transfers into or out of an assigned level within the hierarchy. In accordance with the Fund’s policy, transfers between different levels of the fair value hierarchy are deemed to have occurred as of the beginning of
the reporting period. The categorization of a value determined for investments and derivative financial instruments is based on the pricing transparency of the investments and derivative financial instruments and is not necessarily an indication of
the risks associated with investing in those securities. For information about the Fund’s policy regarding valuation of investments and derivative financial instruments, refer to the Fund’s most recent financial statements as contained in
its annual report.
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
BLACKROCK MUNIVEST FUND II, INC. |
|
JULY 31, 2016 |
|
11 |
|
|
|
| Schedule of Investments (concluded) |
|
BlackRock MuniVest Fund II, Inc.
(MVT) |
The following tables
summarize the Fund’s investments and derivative financial instruments categorized in the disclosure hierarchy:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
|
Total |
|
| Assets: |
|
| Investments: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Long-Term Investments1 |
|
|
— |
|
|
$ |
556,312,015 |
|
|
|
— |
|
|
$ |
556,312,015 |
|
| Short-Term Securities |
|
$ |
457,261 |
|
|
|
— |
|
|
|
— |
|
|
|
457,261 |
|
|
|
|
|
|
| Total |
|
$ |
457,261 |
|
|
$ |
556,312,015 |
|
|
|
— |
|
|
$ |
556,769,276 |
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Derivative Financial Instruments2 |
|
|
|
|
|
|
|
|
|
| Assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Interest rate contracts |
|
$ |
3,895 |
|
|
|
— |
|
|
|
— |
|
|
$ |
3,895 |
|
| Liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Interest rate contracts |
|
|
(73,912 |
) |
|
|
— |
|
|
|
— |
|
|
|
(73,912 |
) |
|
|
|
|
|
| Total |
|
$ |
(70,017 |
) |
|
|
— |
|
|
|
— |
|
|
$ |
(70,017 |
) |
|
|
|
|
|
| 1 See above Schedule
of Investments for values in each state and political subdivision. |
|
| 2 Derivative
financial instruments are futures contracts. Futures contrasts are valued at the unrealized appreciation (depreciation) on the instrument. |
|
| The Fund may hold assets and/or
liabilities in which the fair value approximates the carrying amount for financial reporting purposes. As of period end, such assets and/or liabilities are categorized within the disclosure hierarchy as follows:
|
|
| |
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
|
Total |
|
| Assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Cash pledged for futures contracts |
|
$ |
179,050 |
|
|
|
— |
|
|
|
— |
|
|
$ |
179,050 |
|
| Liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Bank overdraft |
|
|
— |
|
|
$ |
(38,888 |
) |
|
|
— |
|
|
|
(38,888 |
) |
| TOB Trust Certificates |
|
|
— |
|
|
|
(72,641,652 |
) |
|
|
— |
|
|
|
(72,641,652 |
) |
| VMTP Shares |
|
|
— |
|
|
|
(140,000,000 |
) |
|
|
— |
|
|
|
(140,000,000 |
) |
|
|
|
|
|
| Total |
|
$ |
179,050 |
|
|
$ |
(212,680,540 |
) |
|
|
— |
|
|
$ |
(212,501,490 |
) |
|
|
|
|
|
During the period ended July 31, 2016, there were no transfers between levels.
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
| 12 |
|
BLACKROCK MUNIVEST FUND II, INC. |
|
JULY 31, 2016 |
|
|
Item 2 – Controls and Procedures
| 2(a) – |
The registrant’s principal executive and principal financial officers, or persons performing similar functions, have concluded that the registrant’s disclosure controls and procedures (as defined in Rule
30a-3(c) under the Investment Company Act of 1940, as amended (the “1940 Act”)) are effective as of a date within 90 days of the filing of this report based on the evaluation of these controls and procedures required by Rule 30a-3(b) under
the 1940 Act and Rule 13a-15(b) under the Securities Exchange Act of 1934, as amended. |
| 2(b) – |
There were no changes in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act) that occurred during the registrant’s last fiscal quarter that have
materially affected, or are reasonably likely to materially affect, the registrant’s internal control over financial reporting. |
Item 3
– Exhibits
Certifications – Attached hereto
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the
registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
BlackRock MuniVest Fund II, Inc.
|
|
|
|
|
| By: |
|
/s/ John M. Perlowski |
|
|
|
|
John M. Perlowski |
|
|
|
|
Chief Executive Officer (principal executive officer) of |
|
|
BlackRock MuniVest Fund II, Inc. |
|
|
|
| Date: |
|
September 21, 2016 |
|
|
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has
been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
|
|
|
|
|
| By: |
|
/s/ John M. Perlowski |
|
|
|
|
John M. Perlowski |
|
|
|
|
Chief Executive Officer (principal executive officer) of |
|
|
BlackRock MuniVest Fund II, Inc. |
|
|
|
| Date: |
|
September 21, 2016 |
|
|
|
|
|
| By: |
|
/s/ Neal J. Andrews |
|
|
|
|
Neal J. Andrews |
|
|
|
|
Chief Financial Officer (principal financial officer) of |
|
|
BlackRock MuniVest Fund II, Inc. |
|
|
|
| Date: |
|
September 21, 2016 |
|
|