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:
01/31/2017
Item 1 – Schedule of Investments
|
|
|
| Schedule of Investments January 31, 2017 (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 |
|
|
$ |
1,496,064 |
|
| County of Jefferson Alabama Sewer, Refunding RB: |
|
|
|
|
|
|
|
|
| Senior Lien, Series A (AGM), 5.00%, 10/01/44 |
|
|
805 |
|
|
|
891,578 |
|
| Sub-Lien, Series D, 6.00%, 10/01/42 |
|
|
3,575 |
|
|
|
4,063,381 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
6,451,023 |
|
| Alaska — 0.3% |
|
|
|
|
|
|
|
|
| Northern Tobacco Securitization Corp., Refunding RB, Tobacco Settlement, Asset-Backed,
Series A, 4.63%, 6/01/23 |
|
|
1,045 |
|
|
|
1,050,204 |
|
| Arizona — 0.5% |
|
|
|
|
|
|
|
|
| City of Phoenix Arizona IDA, RB, Legacy Traditional Schools Projects, Series A, 5.00%,
7/01/46 (a) |
|
|
1,685 |
|
|
|
1,605,805 |
|
| California — 13.4% |
|
|
|
|
|
|
|
|
| California Health Facilities Financing Authority, RB: |
|
|
|
|
|
|
|
|
| St. Joseph Health System, Series A, 5.75%, 7/01/39 |
|
|
2,200 |
|
|
|
2,390,388 |
|
| Sutter Health, Series B, 6.00%, 8/15/42 |
|
|
3,170 |
|
|
|
3,610,440 |
|
| California Health Facilities Financing Authority, Refunding RB, St. Joseph Health System, Series A, 5.00%, 7/01/33 |
|
|
890 |
|
|
|
993,721 |
|
| California Municipal Finance Authority, RB, Senior, Caritas Affordable Housing, Inc. Projects, S/F Housing,
Series
A: |
|
|
|
|
|
|
|
|
| 5.25%, 8/15/39 |
|
|
145 |
|
|
|
158,569 |
|
| 5.25%, 8/15/49 |
|
|
370 |
|
|
|
402,097 |
|
| California Pollution Control Financing Authority, RB, Poseidon Resources (Channel Side) LP Desalination Project, AMT, 5.00%,
11/21/45 (a) |
|
|
1,495 |
|
|
|
1,521,895 |
|
| California Statewide Communities Development Authority, RB, Loma Linda University Medical Center,
Series A (a): |
|
|
|
|
|
|
|
|
| 5.00%, 12/01/41 |
|
|
290 |
|
|
|
299,817 |
|
| 5.00%, 12/01/46 |
|
|
635 |
|
|
|
649,218 |
|
|
|
|
|
|
|
|
|
|
| Municipal Bonds |
|
Par
(000) |
|
|
Value |
|
| California (continued) |
|
|
|
|
|
|
|
|
| City of Los Angeles California Department of Airports, Refunding ARB, Los Angeles International Airport, Series A: |
|
|
|
|
|
|
|
|
| Senior, 5.00%, 5/15/40 |
|
$ |
5,930 |
|
|
$ |
6,537,054 |
|
| 5.25%, 5/15/39 |
|
|
800 |
|
|
|
866,176 |
|
| City of Stockton California Public Financing Authority, RB, Delta Water Supply Project, Series A, 6.25%, 10/01/40 |
|
|
360 |
|
|
|
427,032 |
|
| Golden State Tobacco Securitization Corp., Refunding RB, Asset-Backed, Series A-1, 5.13%, 6/01/47 |
|
|
2,165 |
|
|
|
2,013,493 |
|
| San Marcos Unified School District, GO, CAB, Election of 2010, Series B, 0.00%, 8/01/42 (b) |
|
|
2,000 |
|
|
|
625,600 |
|
| State of California, GO, Various Purposes: |
|
|
|
|
|
|
|
|
| 6.00%, 3/01/33 |
|
|
2,525 |
|
|
|
2,858,073 |
|
| 6.50%, 4/01/33 |
|
|
14,925 |
|
|
|
16,579,287 |
|
| State of California Public Works Board, LRB, Various Capital Projects: |
|
|
|
|
|
|
|
|
| Series I, 5.00%, 11/01/38 |
|
|
775 |
|
|
|
867,031 |
|
| Sub-Series I-1, 6.38%, 11/01/19 (c) |
|
|
1,185 |
|
|
|
1,351,184 |
|
| Tobacco Securitization Authority of Southern California, Refunding RB, Tobacco Settlement, Asset-Backed, Senior Series A-1, 4.75%,
6/01/25 |
|
|
665 |
|
|
|
671,637 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
42,822,712 |
|
| Colorado — 0.4% |
|
|
|
|
|
|
|
|
| Colorado Health Facilities Authority, RB, Catholic Health Initiatives, Series D, 6.25%,
10/01/33 |
|
|
1,060 |
|
|
|
1,130,013 |
|
| Connecticut — 3.5% |
|
|
|
|
|
|
|
|
| Connecticut State Health & Educational Facility Authority, RB: |
|
|
|
|
|
|
|
|
| Ascension Health Senior Credit, Series A, 5.00%, 11/15/40 |
|
|
1,375 |
|
|
|
1,467,757 |
|
| Yale University, Series Z3, 5.05%, 7/01/42 |
|
|
6,000 |
|
|
|
6,097,740 |
|
.
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
BLACKROCK MUNIVEST FUND II, INC. |
|
JANUARY 31, 2017 |
|
1 |
|
|
|
| Schedule of Investments (continued) |
|
BlackRock MuniVest Fund II, Inc.
(MVT) |
|
|
|
|
|
|
|
|
|
| Municipal Bonds |
|
Par
(000) |
|
|
Value |
|
| Connecticut (continued) |
|
|
|
|
|
|
|
|
| Connecticut State Health & Educational Facility Authority, Refunding RB, Wesleyan University, Series G, 5.00%, 7/01/20
(c) |
|
$ |
3,385 |
|
|
$ |
3,788,932 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
11,354,429 |
|
| Delaware — 2.1% |
|
|
|
|
|
|
|
|
| County of Sussex Delaware, RB, NRG Energy, Inc., Indian River Power LLC Project, 6.00%, 10/01/40 |
|
|
1,125 |
|
|
|
1,209,352 |
|
| Delaware Transportation Authority, RB, 5.00%, 6/01/55 |
|
|
1,165 |
|
|
|
1,264,002 |
|
| State of Delaware EDA, RB, Exempt Facilities, Indian River Power LLC Project, 5.38%, 10/01/45 |
|
|
4,065 |
|
|
|
4,207,356 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
6,680,710 |
|
| District of Columbia — 3.7% |
|
|
|
|
|
|
|
|
| District of Columbia, Refunding RB: |
|
|
|
|
|
|
|
|
| Georgetown University, 5.00%, 4/01/35 |
|
|
435 |
|
|
|
492,385 |
|
| Georgetown University, 5.00%, 4/01/36 |
|
|
435 |
|
|
|
490,793 |
|
| Georgetown University, 5.00%, 4/01/42 |
|
|
500 |
|
|
|
561,395 |
|
| Kipp Charter School, Series A, 6.00%, 7/01/43 |
|
|
240 |
|
|
|
274,802 |
|
| Metropolitan Washington Airports Authority, Refunding RB, Dulles Toll Road: |
|
|
|
|
|
|
|
|
| 1st Senior Lien, Series A, 5.25%, 10/01/44 |
|
|
1,500 |
|
|
|
1,616,100 |
|
| CAB, 2nd Senior Lien, Series B (AGC), 0.00%, 10/01/33 (b) |
|
|
6,590 |
|
|
|
3,248,475 |
|
| CAB, 2nd Senior Lien, Series B (AGC), 0.00%, 10/01/34 (b) |
|
|
4,830 |
|
|
|
2,274,205 |
|
| CAB, 2nd Senior Lien, Series B (AGC), 0.00%, 10/01/35 (b) |
|
|
6,515 |
|
|
|
2,886,471 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
11,844,626 |
|
| Florida — 3.1% |
|
|
|
|
|
|
|
|
| County of Collier Florida Health Facilities Authority, Refunding RB, Series A, 5.00%, 5/01/45 |
|
|
1,340 |
|
|
|
1,441,090 |
|
| County of Miami-Dade Florida Aviation, Refunding ARB, Miami International Airport, Series A-1, 5.38%, 10/01/41 |
|
|
1,165 |
|
|
|
1,283,224 |
|
|
|
|
|
|
|
|
|
|
| Municipal Bonds |
|
Par
(000) |
|
|
Value |
|
| Florida (continued) |
|
|
|
|
|
|
|
|
| Mid-Bay Bridge Authority, RB, Springing Lien, Series A, 7.25%, 10/01/21 (c) |
|
$ |
3,015 |
|
|
$ |
3,761,001 |
|
| Palm Coast Park Community Development District, Special Assessment Bonds, 5.70%, 5/01/37 |
|
|
1,085 |
|
|
|
1,022,678 |
|
| Village Community Development District No.10, Special Assessment Bonds, 5.13%, 5/01/43 |
|
|
2,305 |
|
|
|
2,450,123 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
9,958,116 |
|
| Georgia — 1.6% |
|
|
|
|
|
|
|
|
| City of Atlanta Georgia Water & Wastewater, Refunding RB, 5.00%, 11/01/40 |
|
|
600 |
|
|
|
675,882 |
|
| County of Gainesville Georgia & Hall Hospital Authority, Refunding RB, Northeast Georgia Health System, Inc. Project,
Series A, 5.50%, 8/15/54 |
|
|
515 |
|
|
|
591,256 |
|
| DeKalb Private Hospital Authority, Refunding RB, Children’s Healthcare, 5.25%, 11/15/39 |
|
|
130 |
|
|
|
140,517 |
|
| Metropolitan Atlanta Rapid Transit Authority, RB, Sales Tax, 3rd Indenture, Series A, 5.00%, 7/01/39 |
|
|
3,465 |
|
|
|
3,726,053 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
5,133,708 |
|
| Hawaii — 0.5% |
|
|
|
|
|
|
|
|
| State of Hawaii Harbor System, RB, Series A, 5.25%, 7/01/30 |
|
|
1,355 |
|
|
|
1,480,229 |
|
| Idaho — 0.3% |
|
|
|
|
|
|
|
|
| Idaho Health Facilities Authority, RB, Trinity Health Credit Group, Series 2017, 5.00%,
12/01/46 |
|
|
745 |
|
|
|
828,857 |
|
| Illinois — 20.1% |
|
|
|
|
|
|
|
|
| City of Chicago Illinois, GO, Project, Series A, 5.00%, 1/01/34 |
|
|
1,815 |
|
|
|
1,702,506 |
|
| City of Chicago Illinois, GO, Refunding, Project, Series A, 5.25%, 1/01/32 |
|
|
4,555 |
|
|
|
4,377,173 |
|
| City of Chicago Illinois, Special Assessment Bonds, Lake Shore East, 6.75%, 12/01/32 |
|
|
794 |
|
|
|
793,905 |
|
| City of Chicago Illinois O’Hare International Airport, GARB, 3rd Lien, Series C, 6.50%, 1/01/21 (c) |
|
|
5,865 |
|
|
|
6,976,359 |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
| 2 |
|
BLACKROCK MUNIVEST FUND II, INC. |
|
JANUARY 31, 2017 |
|
|
|
|
|
| Schedule of Investments (continued) |
|
BlackRock MuniVest Fund II, Inc.
(MVT) |
|
|
|
|
|
|
|
|
|
| Municipal Bonds |
|
Par
(000) |
|
|
Value |
|
| Illinois (continued) |
|
|
|
|
|
|
|
|
| City of Chicago Illinois Transit Authority, RB, Sales Tax Receipts, 5.25%, 12/01/40 |
|
$ |
1,050 |
|
|
$ |
1,119,458 |
|
| City of Chicago Illinois Waterworks, Refunding RB, 2nd Lien: |
|
|
|
|
|
|
|
|
| Project, 5.00%, 11/01/42 |
|
|
915 |
|
|
|
971,181 |
|
| (AGM), 5.25%, 11/01/33 |
|
|
1,325 |
|
|
|
1,375,390 |
|
| County of Cook Illinois Community College District No. 508, GO, City College of Chicago, 5.50%, 12/01/38 |
|
|
805 |
|
|
|
863,588 |
|
| Illinois Finance Authority, RB, Advocate Health Care Network, Series D, 6.50%, 11/01/18 (c) |
|
|
5,000 |
|
|
|
5,454,950 |
|
| Illinois Finance Authority, Refunding RB: |
|
|
|
|
|
|
|
|
| Central Dupage Health, Series B, 5.50%, 11/01/39 |
|
|
1,610 |
|
|
|
1,773,640 |
|
| Presence Health Network, Series C, 4.00%, 2/15/41 |
|
|
1,425 |
|
|
|
1,183,306 |
|
| Illinois State Toll Highway Authority, RB: |
|
|
|
|
|
|
|
|
| Senior, Series C, 5.00%, 1/01/36 |
|
|
2,615 |
|
|
|
2,872,734 |
|
| Senior, Series C, 5.00%, 1/01/37 |
|
|
2,800 |
|
|
|
3,067,876 |
|
| Series A, 5.00%, 1/01/38 |
|
|
1,980 |
|
|
|
2,176,277 |
|
| Metropolitan Pier & Exposition Authority, Refunding RB, McCormick Place Expansion Project: |
|
|
|
|
|
|
|
|
| Series B (AGM), 5.00%, 6/15/50 |
|
|
4,315 |
|
|
|
4,500,847 |
|
| Series B-2, 5.00%, 6/15/50 |
|
|
2,500 |
|
|
|
2,519,900 |
|
| Railsplitter Tobacco Settlement Authority, RB: |
|
|
|
|
|
|
|
|
| 5.50%, 6/01/23 |
|
|
440 |
|
|
|
495,920 |
|
| 6.00%, 6/01/28 |
|
|
1,140 |
|
|
|
1,296,077 |
|
| Regional Transportation Authority, RB: |
|
|
|
|
|
|
|
|
| Series A (AMBAC), 7.20%, 11/01/20 |
|
|
660 |
|
|
|
741,200 |
|
| Series A (NPFGC), 6.70%, 11/01/21 |
|
|
4,030 |
|
|
|
4,571,551 |
|
| Series C (NPFGC), 7.75%, 6/01/20 |
|
|
1,795 |
|
|
|
1,999,181 |
|
| State of Illinois, GO: |
|
|
|
|
|
|
|
|
| 5.00%, 2/01/39 |
|
|
1,540 |
|
|
|
1,529,836 |
|
| Series A, 5.00%, 4/01/35 |
|
|
3,000 |
|
|
|
3,001,380 |
|
| Series A, 5.00%, 4/01/38 |
|
|
3,640 |
|
|
|
3,606,912 |
|
| State of Illinois, RB, Build Illinois, Series B, 5.25%,
6/15/19 (c) |
|
|
630 |
|
|
|
688,370 |
|
|
|
|
|
|
|
|
|
|
| Municipal Bonds |
|
Par
(000) |
|
|
Value |
|
| Illinois (continued) |
|
|
|
|
|
|
|
|
| University of Illinois, RB, Auxiliary Facilities System, Series A: |
|
|
|
|
|
|
|
|
| 5.00%, 4/01/39 |
|
$ |
810 |
|
|
$ |
873,075 |
|
| 5.00%, 4/01/44 |
|
|
985 |
|
|
|
1,057,860 |
|
| Village of Hodgkins Illinois, RB, Metropolitan Biosolids Management LLC Project, AMT, 6.00%, 11/01/23 |
|
|
2,800 |
|
|
|
2,803,836 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
64,394,288 |
|
| Indiana — 4.5% |
|
|
|
|
|
|
|
|
| City of Valparaiso Indiana, RB, Exempt Facilities, Pratt Paper LLC Project, AMT: |
|
|
|
|
|
|
|
|
| 6.75%, 1/01/34 |
|
|
790 |
|
|
|
931,600 |
|
| 7.00%, 1/01/44 |
|
|
1,905 |
|
|
|
2,268,817 |
|
| Indiana Finance Authority, RB, Series A: |
|
|
|
|
|
|
|
|
| CWA Authority Project, 1st Lien, 5.25%, 10/01/38 |
|
|
3,280 |
|
|
|
3,687,573 |
|
| Private Activity Bond, Ohio River Bridges East End Crossing Project, AMT, 5.00%, 7/01/44 |
|
|
450 |
|
|
|
465,700 |
|
| Private Activity Bond, Ohio River Bridges East End Crossing Project, AMT, 5.00%, 7/01/48 |
|
|
1,430 |
|
|
|
1,455,926 |
|
| Private Activity Bond, Ohio River Bridges East End Crossing Project, AMT, 5.25%, 1/01/51 |
|
|
405 |
|
|
|
417,899 |
|
| Sisters of St. Francis Health Services, 5.25%, 11/01/39 |
|
|
840 |
|
|
|
906,108 |
|
| Indiana Finance Authority, Refunding RB, Parkview Health System, Series A, 5.75%, 5/01/31 |
|
|
2,795 |
|
|
|
3,023,743 |
|
| Indianapolis Local Public Improvement Bond Bank, RB, Series A, 5.00%, 1/15/40 |
|
|
1,270 |
|
|
|
1,407,566 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
14,564,932 |
|
| Iowa — 1.5% |
|
|
|
|
|
|
|
|
| Iowa Finance Authority, Refunding RB, Midwestern Disaster Area, Iowa Fertilizer Co. Project: |
|
|
|
|
|
|
|
|
| 5.00%, 12/01/19 |
|
|
480 |
|
|
|
481,992 |
|
| 5.50%, 12/01/22 |
|
|
2,340 |
|
|
|
2,351,700 |
|
| 5.25%, 12/01/25 |
|
|
460 |
|
|
|
459,163 |
|
| 5.88%, 12/01/26 (a) |
|
|
410 |
|
|
|
414,321 |
|
.
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
BLACKROCK MUNIVEST FUND II, INC. |
|
JANUARY 31, 2017 |
|
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 |
|
$ |
1,095 |
|
|
$ |
1,158,839 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
4,866,015 |
|
| Kentucky — 0.6% |
|
|
|
|
|
|
|
|
| Kentucky Economic Development Finance Authority, RB, Catholic Health Initiatives, Series A, 5.25%, 1/01/45 |
|
|
995 |
|
|
|
1,054,003 |
|
| Kentucky Public Transportation Infrastructure Authority, RB, Downtown Crossing Project, Convertible CAB, 1st Tier, Series C, 0.00%,
7/01/43 (d) |
|
|
1,200 |
|
|
|
969,084 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
2,023,087 |
|
| Louisiana — 2.8% |
|
|
|
|
|
|
|
|
| Louisiana Local Government Environmental Facilities & Community Development Authority, RB, Westlake Chemical Corp. Project,
Series A-1, 6.50%, 11/01/35 |
|
|
3,320 |
|
|
|
3,817,834 |
|
| Tobacco Settlement Financing Corp., Refunding RB, Asset-Backed, Series A: |
|
|
|
|
|
|
|
|
| 5.50%, 5/15/30 |
|
|
1,020 |
|
|
|
1,091,614 |
|
| 5.25%, 5/15/31 |
|
|
870 |
|
|
|
932,962 |
|
| 5.25%, 5/15/32 |
|
|
1,110 |
|
|
|
1,201,875 |
|
| 5.25%, 5/15/33 |
|
|
1,205 |
|
|
|
1,298,701 |
|
| 5.25%, 5/15/35 |
|
|
505 |
|
|
|
546,677 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
8,889,663 |
|
| Maryland — 1.3% |
|
|
|
|
|
|
|
|
| Maryland Community Development Administration, Refunding, HRB, Residential, Series D, AMT, 4.90%, 9/01/42 |
|
|
1,500 |
|
|
|
1,504,635 |
|
| Maryland EDC, RB, Transportation Facilities Project, Series A, 5.75%, 6/01/35 |
|
|
435 |
|
|
|
467,364 |
|
| Maryland EDC, Refunding RB, CNX Marine Terminals, Inc., 5.75%, 9/01/25 |
|
|
750 |
|
|
|
740,040 |
|
| Maryland Health & Higher Educational Facilities Authority, RB: |
|
|
|
|
|
|
|
|
| Trinity Health Credit Group, Series 2017, 5.00%, 12/01/46 |
|
|
420 |
|
|
|
466,133 |
|
|
|
|
|
|
|
|
|
|
| Municipal Bonds |
|
Par
(000) |
|
|
Value |
|
| Maryland (continued) |
|
|
|
|
|
|
|
|
| Maryland Health & Higher Educational Facilities Authority, RB (continued): |
|
|
|
|
|
|
|
|
| University of Maryland Medical System, Series B (NPFGC), 7.00%, 7/01/22 (e) |
|
$ |
725 |
|
|
$ |
841,573 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
4,019,745 |
|
| Massachusetts — 2.9% |
|
|
|
|
|
|
|
|
| Commonwealth of Massachusetts, GO, Series E, 3.00%, 4/01/44 |
|
|
1,370 |
|
|
|
1,155,540 |
|
| Massachusetts Development Finance Agency, Refunding RB, Covanta Energy Project, Series C, AMT, 5.25%, 11/01/42 (a) |
|
|
2,205 |
|
|
|
2,214,547 |
|
| Massachusetts Health & Educational Facilities Authority, Refunding RB, Partners Healthcare System, Series J1, 5.00%,
7/01/39 |
|
|
990 |
|
|
|
1,062,884 |
|
| Massachusetts HFA, RB, M/F Housing, Series A, AMT, 5.20%, 12/01/37 |
|
|
2,830 |
|
|
|
2,862,432 |
|
| Massachusetts HFA, Refunding RB, Series F, AMT, 5.70%, 6/01/40 |
|
|
1,935 |
|
|
|
1,990,399 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
9,285,802 |
|
| Michigan — 5.2% |
|
|
|
|
|
|
|
|
| City of Detroit Michigan Sewage Disposal System, Refunding RB, Senior Lien, Series A, 5.25%, 7/01/39 |
|
|
4,425 |
|
|
|
4,769,973 |
|
| Kalamazoo Hospital Finance Authority, Refunding RB, Bronson Methodist Hospital: |
|
|
|
|
|
|
|
|
| 5.50%, 5/15/20 (c) |
|
|
760 |
|
|
|
859,552 |
|
| 5.50%, 5/15/36 |
|
|
620 |
|
|
|
676,302 |
|
| Michigan Finance Authority, Refunding RB: |
|
|
|
|
|
|
|
|
| Detroit Water & Sewage Department Project, Senior Lien, Series C-1, 5.00%, 7/01/44 |
|
|
880 |
|
|
|
933,883 |
|
| Henry Ford Health System, 4.00%, 11/15/46 |
|
|
1,420 |
|
|
|
1,357,946 |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
| 4 |
|
BLACKROCK MUNIVEST FUND II, INC. |
|
JANUARY 31, 2017 |
|
|
|
|
|
| Schedule of Investments (continued) |
|
BlackRock MuniVest Fund II, Inc.
(MVT) |
|
|
|
|
|
|
|
|
|
| Municipal Bonds |
|
Par
(000) |
|
|
Value |
|
| Michigan (continued) |
|
|
|
|
|
|
|
|
| Michigan State Hospital Finance Authority, Refunding RB, McLaren Health Care, Series A, 5.75%, 5/15/18 (c) |
|
$ |
7,560 |
|
|
$ |
8,009,896 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
16,607,552 |
|
| Minnesota — 0.4% |
|
|
|
|
|
|
|
|
| City of Rochester Minnesota Electric Utility Revenue, Refunding RB, Series A, 5.00%, 12/01/47 (f) |
|
|
700 |
|
|
|
793,282 |
|
| Minnesota Higher Education Facilities Authority, RB, Augsburg College, Series A, 5.00%, 5/01/46 |
|
|
615 |
|
|
|
649,311 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
1,442,593 |
|
| Mississippi — 1.5% |
|
|
|
|
|
|
|
|
| County of Lowndes Mississippi, Refunding RB, Solid Waste Disposal & Pollution Control, Weyerhaeuser Co. Project, Series A,
6.80%, 4/01/22 |
|
|
3,000 |
|
|
|
3,487,890 |
|
| University of Southern Mississippi, RB, Campus Facilities Improvements Project, 5.38%, 9/01/19 (c) |
|
|
1,065 |
|
|
|
1,175,068 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
4,662,958 |
|
| 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 |
|
|
|
280,549 |
|
| State of Missouri Health & Educational Facilities Authority, Refunding RB, St. Louis College of Pharmacy Project, 5.50%,
5/01/43 |
|
|
245 |
|
|
|
264,286 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
544,835 |
|
| Nebraska — 0.8% |
|
|
|
|
|
|
|
|
| Central Plains Energy Project Nebraska, RB, Gas Project No. 3: |
|
|
|
|
|
|
|
|
| 5.25%, 9/01/37 |
|
|
825 |
|
|
|
894,143 |
|
| 5.00%, 9/01/42 |
|
|
1,445 |
|
|
|
1,532,192 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
2,426,335 |
|
| New Jersey — 6.0% |
|
|
|
|
|
|
|
|
| Casino Reinvestment Development Authority, Refunding RB: |
|
|
|
|
|
|
|
|
| 5.25%, 11/01/39 |
|
|
1,675 |
|
|
|
1,663,861 |
|
|
|
|
|
|
|
|
|
|
| Municipal Bonds |
|
Par
(000) |
|
|
Value |
|
| New Jersey (continued) |
|
|
|
|
|
|
|
|
| Casino Reinvestment Development Authority, Refunding RB (continued): |
|
|
|
|
|
|
|
|
| 5.25%, 11/01/44 |
|
$ |
1,525 |
|
|
$ |
1,498,618 |
|
| County of Essex New Jersey Improvement Authority, RB, AMT, 5.25%, 7/01/45 (a) |
|
|
1,085 |
|
|
|
1,068,411 |
|
| New Jersey EDA, RB, Continental Airlines, Inc. Project, AMT, 5.25%, 9/15/29 |
|
|
1,955 |
|
|
|
2,057,305 |
|
| New Jersey EDA, Refunding, Special Assessment Bonds, Kapkowski Road Landfill Project, 5.75%, 4/01/31 |
|
|
2,240 |
|
|
|
2,438,419 |
|
| New Jersey Housing & Mortgage Finance Agency, RB, S/F Housing, Series AA, 6.38%, 10/01/28 |
|
|
150 |
|
|
|
154,581 |
|
| New Jersey State Turnpike Authority, RB: |
|
|
|
|
|
|
|
|
| Series A, 5.00%, 1/01/43 |
|
|
1,985 |
|
|
|
2,177,902 |
|
| Series E, 5.00%, 1/01/45 |
|
|
2,615 |
|
|
|
2,882,201 |
|
| New Jersey Transportation Trust Fund Authority, RB: |
|
|
|
|
|
|
|
|
| Transportation Program, Series AA, 5.00%, 6/15/44 |
|
|
1,270 |
|
|
|
1,258,697 |
|
| Transportation System, Series A, 5.50%, 6/15/41 |
|
|
1,635 |
|
|
|
1,669,858 |
|
| Transportation System, Series B, 5.25%, 6/15/36 |
|
|
2,460 |
|
|
|
2,499,163 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
19,369,016 |
|
| New York — 15.5% |
|
|
|
|
|
|
|
|
| Brooklyn Arena Local Development Corp., Refunding RB, Barclays Center Project, Series A (AGM), 3.00%, 7/15/43 |
|
|
2,560 |
|
|
|
2,112,922 |
|
| City of New York New York Industrial Development Agency, RB, Special Needs Facilities Pooled Program, Series C-1, 6.50%,
7/01/17 |
|
|
255 |
|
|
|
255,043 |
|
| City of New York New York Transitional Finance Authority, RB: |
|
|
|
|
|
|
|
|
| Fiscal 2009, Series S-3, 5.25%, 1/15/39 |
|
|
6,700 |
|
|
|
7,155,935 |
|
| Fiscal 2012, Sub-Series E-1, 5.00%, 2/01/42 |
|
|
1,960 |
|
|
|
2,190,927 |
|
| Counties of New York Tobacco Trust IV, Refunding RB, Settlement Pass-Through Turbo, Series A, 6.25%,
6/01/41 (a) |
|
|
1,800 |
|
|
|
1,865,520 |
|
.
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
BLACKROCK MUNIVEST FUND II, INC. |
|
JANUARY 31, 2017 |
|
5 |
|
|
|
| Schedule of Investments (continued) |
|
BlackRock MuniVest Fund II, Inc.
(MVT) |
|
|
|
|
|
|
|
|
|
| Municipal Bonds |
|
Par
(000) |
|
|
Value |
|
| New York (continued) |
|
|
|
|
|
|
|
|
| Erie Tobacco Asset Securitization Corp., Refunding RB, Asset-Backed, Series A, 5.00%, 6/01/45 |
|
$ |
1,960 |
|
|
$ |
1,858,178 |
|
| Metropolitan Transportation Authority, RB, Series C: |
|
|
|
|
|
|
|
|
| 6.50%, 11/15/18 (c) |
|
|
580 |
|
|
|
635,726 |
|
| 6.50%, 11/15/18 (c) |
|
|
7,015 |
|
|
|
7,689,001 |
|
| 6.50%, 11/15/28 |
|
|
1,810 |
|
|
|
1,979,235 |
|
| Metropolitan Transportation Authority Hudson Rail Yards Trust Obligations, Refunding RB, Series A, 5.00%, 11/15/56 |
|
|
1,045 |
|
|
|
1,119,279 |
|
| New York Liberty Development Corp., RB, 1 World Trade Center Port Authority Consolidated, 5.25%, 12/15/43 |
|
|
10,735 |
|
|
|
11,987,452 |
|
| 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 |
|
|
|
1,329,824 |
|
| 3 World Trade Center Project, Class 1, 5.00%, 11/15/44 (a) |
|
|
2,860 |
|
|
|
2,978,633 |
|
| 3 World Trade Center Project, Class 2, 5.15%, 11/15/34 (a) |
|
|
340 |
|
|
|
361,665 |
|
| 3 World Trade Center Project, Class 2, 5.38%, 11/15/40 (a) |
|
|
850 |
|
|
|
913,725 |
|
| New York State Dormitory Authority, Refunding RB, General Purpose, Series A, 5.00%, 6/15/31 |
|
|
1,790 |
|
|
|
2,041,334 |
|
| 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 |
|
|
|
1,313,934 |
|
| 6.00%, 12/01/42 |
|
|
1,250 |
|
|
|
1,406,250 |
|
|
|
|
|
|
|
|
|
|
| Municipal Bonds |
|
Par
(000) |
|
|
Value |
|
| New York (continued) |
|
|
|
|
|
|
|
|
| Westchester County Industrial Development Agency, RB, Special Needs Facilities Pooled Program, Series E-1, 6.50%,
7/01/17 |
|
$ |
400 |
|
|
$ |
400,564 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
49,595,147 |
|
| North Carolina — 0.8% |
|
|
|
|
|
|
|
|
| North Carolina Medical Care Commission, Refunding RB: |
|
|
|
|
|
|
|
|
| 1st Mortgage, Retirement Facilities Whitestone Project, Series A, 7.75%, 3/01/41 |
|
|
595 |
|
|
|
655,071 |
|
| Carolina Village Project, 6.00%, 4/01/38 |
|
|
2,000 |
|
|
|
2,040,920 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
2,695,991 |
|
| Ohio — 1.6% |
|
|
|
|
|
|
|
|
| Buckeye Tobacco Settlement Financing Authority, RB, Asset-Backed, Senior Turbo Term, Series A-2, 5.88%, 6/01/47 |
|
|
4,000 |
|
|
|
3,655,000 |
|
| County of Franklin Ohio, RB: |
|
|
|
|
|
|
|
|
| Health Care Facilities Improvement, OPRS Communities Obligation Group, Series A, 6.13%, 7/01/40 |
|
|
660 |
|
|
|
723,967 |
|
| Trinity Health Credit Group, Series 2017, 5.00%, 12/01/46 |
|
|
400 |
|
|
|
441,764 |
|
| State of Ohio, RB, Portsmouth Bypass Project, AMT, 5.00%, 6/30/53 |
|
|
275 |
|
|
|
288,860 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
5,109,591 |
|
| Pennsylvania — 1.8% |
|
|
|
|
|
|
|
|
| City of Philadelphia Pennsylvania Hospitals & Higher Education Facilities Authority, RB, Temple University Health System,
Series A, 5.63%, 7/01/42 |
|
|
635 |
|
|
|
676,700 |
|
| Pennsylvania Economic Development Financing Authority, RB: |
|
|
|
|
|
|
|
|
| Aqua Pennsylvania, Inc. Project, Series B, 5.00%, 11/15/40 |
|
|
1,890 |
|
|
|
2,038,346 |
|
| Pennsylvania Bridge Finco LP, AMT, 5.00%, 6/30/42 |
|
|
850 |
|
|
|
896,997 |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
| 6 |
|
BLACKROCK MUNIVEST FUND II, INC. |
|
JANUARY 31, 2017 |
|
|
|
|
|
| Schedule of Investments (continued) |
|
BlackRock MuniVest Fund II, Inc.
(MVT) |
|
|
|
|
|
|
|
|
|
| Municipal Bonds |
|
Par
(000) |
|
|
Value |
|
| Pennsylvania (continued) |
|
|
|
|
|
|
|
|
| Pennsylvania Economic Development Financing Authority, Refunding RB, National Gypsum Co., AMT, 5.50%, 11/01/44 |
|
$ |
1,035 |
|
|
$ |
1,091,625 |
|
| Pennsylvania Turnpike Commission, RB, Series A, 5.00%, 12/01/44 |
|
|
1,105 |
|
|
|
1,209,721 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
5,913,389 |
|
| Rhode Island — 2.0% |
|
|
|
|
|
|
|
|
| Tobacco Settlement Financing Corp., Refunding RB: |
|
|
|
|
|
|
|
|
| Series A, 5.00%, 6/01/35 |
|
|
820 |
|
|
|
858,630 |
|
| Series B, 4.50%, 6/01/45 |
|
|
2,645 |
|
|
|
2,499,181 |
|
| Series B, 5.00%, 6/01/50 |
|
|
2,945 |
|
|
|
2,950,773 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
6,308,584 |
|
| South Carolina — 4.8% |
|
|
|
|
|
|
|
|
| State of South Carolina Ports Authority, RB: |
|
|
|
|
|
|
|
|
| 5.25%, 7/01/40 |
|
|
3,280 |
|
|
|
3,575,265 |
|
| AMT, 5.25%, 7/01/55 |
|
|
1,295 |
|
|
|
1,400,724 |
|
| State of South Carolina Public Service Authority, RB, Santee Cooper, Series A, 5.50%, 12/01/54 |
|
|
6,180 |
|
|
|
6,960,225 |
|
| State of South Carolina Public Service Authority, Refunding RB, Series E, 5.25%, 12/01/55 |
|
|
3,135 |
|
|
|
3,433,797 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
15,370,011 |
|
| Tennessee — 0.6% |
|
|
|
|
|
|
|
|
| City of Chattanooga Tennessee Health Educational & Housing Facility Board, RB, Catholic Health Initiatives, Series A,
5.25%, 1/01/45 |
|
|
995 |
|
|
|
1,035,447 |
|
| Metropolitan Government of Nashville & Davidson County Health & Educational Facilities Board, RB, Vanderbilt
University Medical Center, Series A, 5.00%, 7/01/40 |
|
|
690 |
|
|
|
752,728 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
1,788,175 |
|
| Texas — 7.5% |
|
|
|
|
|
|
|
|
| Central Texas Regional Mobility Authority, Refunding RB, Senior Lien, 6.25%, 1/01/21 (c) |
|
|
2,140 |
|
|
|
2,515,399 |
|
|
|
|
|
|
|
|
|
|
| Municipal Bonds |
|
Par
(000) |
|
|
Value |
|
| Texas (continued) |
|
|
|
|
|
|
|
|
| City of Dallas Texas Waterworks & Sewer System Revenue, Refunding RB: |
|
|
|
|
|
|
|
|
| 5.00%, 10/01/20 (c) |
|
$ |
235 |
|
|
$ |
264,276 |
|
| 5.00%, 10/01/35 |
|
|
275 |
|
|
|
304,098 |
|
| City of Houston Texas Airport System, Refunding ARB, United Airlines, Inc. Terminal E Project, AMT, 5.00%, 7/01/29 |
|
|
965 |
|
|
|
1,011,909 |
|
| Clifton Higher Education Finance Corp., RB, Idea Public Schools, 6.00%, 8/15/43 |
|
|
745 |
|
|
|
842,774 |
|
| County of Harris Texas Cultural Education Facilities Finance Corp., RB, 1st Mortgage, Brazos Presbyterian Homes, Inc. Project,
Series B, 7.00%, 1/01/23 (c) |
|
|
455 |
|
|
|
571,707 |
|
| County of Harris Texas Health Facilities Development Corp., Refunding RB, Memorial Hermann Healthcare System, Series B, 7.25%,
12/01/18 (c) |
|
|
2,000 |
|
|
|
2,218,520 |
|
| County of Tarrant Texas Cultural Education Facilities Finance Corp., Refunding RB, Trinity Terrace Project, 5.00%,
10/01/49 |
|
|
1,000 |
|
|
|
1,017,130 |
|
| Fort Bend County Industrial Development Corp., RB, NRG Energy Project, Series B, 4.75%, 11/01/42 |
|
|
1,255 |
|
|
|
1,267,111 |
|
| North Texas Tollway Authority, Refunding RB, Series A: |
|
|
|
|
|
|
|
|
| 1st Tier System, 6.25%, 1/01/19 (c) |
|
|
5,690 |
|
|
|
6,235,045 |
|
| 1st Tier System, 6.25%, 1/01/39 |
|
|
1,310 |
|
|
|
1,415,953 |
|
| 5.00%, 1/01/38 |
|
|
925 |
|
|
|
1,016,834 |
|
| Texas Private Activity Bond Surface Transportation Corp., RB, Senior Lien: |
|
|
|
|
|
|
|
|
| LBJ Infrastructure Group LLC, 7.00%, 6/30/40 |
|
|
2,000 |
|
|
|
2,287,340 |
|
| NTE Mobility Partners LLC, North Tarrant Express Managed Lanes Project, 6.88%, 12/31/39 |
|
|
2,775 |
|
|
|
3,137,803 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
24,105,899 |
|
| Utah — 0.9% |
|
|
|
|
|
|
|
|
| City of Riverton Utah, RB, IHC Health Services, Inc., 5.00%, 8/15/41 |
|
|
2,780 |
|
|
|
2,947,801 |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
BLACKROCK MUNIVEST FUND II, INC. |
|
JANUARY 31, 2017 |
|
7 |
|
|
|
| Schedule of Investments (continued) |
|
BlackRock MuniVest Fund II, Inc.
(MVT) |
|
|
|
|
|
|
|
|
|
| Municipal Bonds |
|
Par
(000) |
|
|
Value |
|
| Virginia — 2.5% |
|
|
|
|
|
|
|
|
| County of Fairfax Virginia EDA, Refunding RB, Goodwin House, Inc. (c): |
|
|
|
|
|
|
|
|
| 5.13%, 10/01/17 |
|
$ |
500 |
|
|
$ |
514,190 |
|
| 5.13%, 10/01/17 |
|
|
3,440 |
|
|
|
3,537,627 |
|
| Virginia Small Business Financing Authority, RB, Senior Lien, Elizabeth River Crossings OpCo LLC Project, AMT: |
|
|
|
|
|
|
|
|
| 5.25%, 1/01/32 |
|
|
1,615 |
|
|
|
1,729,439 |
|
| 6.00%, 1/01/37 |
|
|
1,940 |
|
|
|
2,173,285 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
7,954,541 |
|
| Washington — 2.3% |
|
|
|
|
|
|
|
|
| Port of Seattle Washington, RB, Series C, AMT, 5.00%, 4/01/40 |
|
|
755 |
|
|
|
825,230 |
|
| Washington Health Care Facilities Authority, RB, Catholic Health Initiatives, Series A, 5.75%, 1/01/45 |
|
|
2,290 |
|
|
|
2,554,060 |
|
| Washington Health Care Facilities Authority, Refunding RB, Catholic Health Initiatives, Series D, 6.38%, 10/01/36 |
|
|
3,700 |
|
|
|
3,939,982 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
7,319,272 |
|
| Wisconsin — 3.9% |
|
|
|
|
|
|
|
|
| State of Wisconsin, Refunding RB, Series A, 6.00%, 5/01/19 (c) |
|
|
7,100 |
|
|
|
7,852,529 |
|
| State of Wisconsin Health & Educational Facilities Authority, RB, Ascension Health Senior Credit Group, Series E, 5.00%,
11/15/33 |
|
|
2,465 |
|
|
|
2,672,331 |
|
| Wisconsin Health & Educational Facilities Authority, Refunding RB, Medical College of Wisconsin, Inc., 4.00%,
12/01/46 |
|
|
1,810 |
|
|
|
1,811,358 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
12,336,218 |
|
| Total Municipal Bonds - 123.4% |
|
|
|
394,881,872 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
| Municipal Bonds Transferred to
Tender Option Bond Trusts (g) |
|
|
|
|
|
|
|
|
| Alabama — 0.5% |
|
|
|
|
|
|
|
|
| Auburn University, Refunding RB, Series A, 4.00%, 6/01/41 |
|
|
1,680 |
|
|
|
1,716,742 |
|
|
|
|
|
|
|
|
|
|
| Municipal Bonds Transferred to Tender Option Bond Trusts (g) |
|
Par
(000) |
|
|
Value |
|
| California — 7.5% |
|
|
|
|
|
|
|
|
| Bay Area Toll Authority, Refunding RB, San Francisco Bay Area, Series F-1, 5.63%, 4/01/19 (c) |
|
$ |
3,271 |
|
|
$ |
3,583,995 |
|
| California Educational Facilities Authority, RB, University of Southern California, Series B, 5.25%,
10/01/18
(c)(h) |
|
|
2,610 |
|
|
|
2,795,545 |
|
| City & County of San Francisco California Public Utilities Commission, RB, Water Revenue, Series B, 5.00%, 11/01/19
(c) |
|
|
9,480 |
|
|
|
10,466,015 |
|
| Los Angeles Community College District California, GO, Election of 2001, Series A (AGM), 5.00%, 8/01/17 (c) |
|
|
2,290 |
|
|
|
2,338,731 |
|
| Sacramento Area Flood Control Agency, Refunding, Consolidated Capital Assessment District No.2, Series A, 5.00%,
10/01/47 |
|
|
3,075 |
|
|
|
3,479,040 |
|
| San Diego Community College District California, GO, Election of 2002, 5.25%, 8/01/19 (c) |
|
|
1,077 |
|
|
|
1,184,041 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
23,847,367 |
|
| Colorado — 0.7% |
|
|
|
|
|
|
|
|
| Colorado Health Facilities Authority, Refunding RB, Catholic Health Initiatives, Series A,
5.50%,
7/01/34 (h) |
|
|
2,129 |
|
|
|
2,211,632 |
|
| Florida — 2.0% |
|
|
|
|
|
|
|
|
| County of Miami-Dade Florida, RB, Water & Sewer System, 5.00%,
10/01/34 |
|
|
5,679 |
|
|
|
6,252,533 |
|
| Illinois — 1.0% |
|
|
|
|
|
|
|
|
| State of Illinois Toll Highway Authority, RB, Senior Priority, Series B, 5.50%, 1/01/18
(c) |
|
|
2,999 |
|
|
|
3,123,705 |
|
| Maryland — 0.7% |
|
|
|
|
|
|
|
|
| State of Maryland Transportation Authority, RB, Transportation Facilities Project (AGM),
5.00%, 7/01/41 |
|
|
2,290 |
|
|
|
2,395,157 |
|
| Massachusetts — 0.8% |
|
|
|
|
|
|
|
|
| Massachusetts School Building Authority, RB, Senior, Series B, 5.00%,
10/15/41 |
|
|
2,266 |
|
|
|
2,539,091 |
|
.
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
| 8 |
|
BLACKROCK MUNIVEST FUND II, INC. |
|
JANUARY 31, 2017 |
|
|
|
|
|
| Schedule of Investments (continued) |
|
BlackRock MuniVest Fund II, Inc.
(MVT) |
|
|
|
|
|
|
|
|
|
| Municipal Bonds Transferred to Tender Option Bond Trusts (g) |
|
Par
(000) |
|
|
Value |
|
| New Hampshire — 0.7% |
|
|
|
|
|
|
|
|
| New Hampshire Health & Education Facilities Authority, RB, Dartmouth College,
5.25%, 6/01/19 (c)(h) |
|
$ |
2,009 |
|
|
$ |
2,194,949 |
|
| New York — 8.0% |
|
|
|
|
|
|
|
|
| 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 |
|
|
|
971,276 |
|
| 5.00%, 6/15/37 |
|
|
5,372 |
|
|
|
5,627,064 |
|
| 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 |
|
|
|
1,720,026 |
|
| Hudson Yards Infrastructure Corp., RB, Fiscal 2012, Series A, 5.75%, 2/15/47 (h) |
|
|
1,610 |
|
|
|
1,822,145 |
|
| Metropolitan Transportation Authority, Refunding RB, Series C-1, 5.25%, 11/15/56 |
|
|
6,440 |
|
|
|
5,344,032 |
|
| New York Liberty Development Corp., Refunding RB, 4 World Trade Center Project, 5.75%, 11/15/51 (h) |
|
|
|
7,329,940 |
|
| Port Authority of New York & New Jersey, Refunding ARB, 194th Series, 5.25%, 10/15/55 |
|
|
2,595 |
|
|
|
2,943,301 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
25,757,784 |
|
| North Carolina — 0.9% |
|
|
|
|
|
|
|
|
| North Carolina Capital Facilities Finance Agency, Refunding RB, Duke University Project,
Series B, 5.00%, 10/01/55 |
|
|
2,550 |
|
|
|
2,857,989 |
|
| Ohio — 5.4% |
|
|
|
|
|
|
|
|
| Ohio Higher Educational Facility Commission, RB, Cleveland Clinic Health, Series A, 5.25%, 1/01/33 |
|
|
2,400 |
|
|
|
2,478,696 |
|
|
|
|
|
|
|
|
|
|
| Municipal Bonds Transferred to Tender Option Bond Trusts (g) |
|
Par
(000) |
|
|
Value |
|
| Ohio (continued) |
|
|
|
|
|
|
|
|
| State of Ohio, Refunding RB, Cleveland Clinic Health System Obligated Group, Series A, 5.50%, 1/01/39 |
|
$ |
13,843 |
|
|
$ |
14,765,453 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
17,244,149 |
|
| Pennsylvania — 0.8% |
|
|
|
|
|
|
|
|
| Pennsylvania Turnpike Commission, RB, Series 2017, 5.50%, 12/01/42 |
|
|
2,340 |
|
|
|
2,667,857 |
|
| South Carolina — 1.7% |
|
|
|
|
|
|
|
|
| South Carolina Public Service Authority, Refunding RB, Series A (c)(h): |
|
|
|
|
|
|
|
|
| 5.50%, 1/01/19 |
|
|
398 |
|
|
|
430,912 |
|
| 5.50%, 1/01/19 |
|
|
4,603 |
|
|
|
4,982,562 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
5,413,474 |
|
| Texas — 2.8% |
|
|
|
|
|
|
|
|
| City of San Antonio Texas Public Service Board, RB, Electric & Gas Systems, Junior Lien, 5.00%, 2/01/43 |
|
|
2,520 |
|
|
|
2,810,984 |
|
| County of Harris Texas Metropolitan Transit Authority, Refunding RB, Series A, 5.00%, 11/01/41 |
|
|
3,400 |
|
|
|
3,782,330 |
|
| Texas Department of Housing & Community Affairs, RB, S/F Mortgage, Series B, AMT, 5.25%, 9/01/32 |
|
|
398 |
|
|
|
398,530 |
|
| University of Texas, Refunding RB, Financing System, Series B, 5.00%, 8/15/43 |
|
|
1,831 |
|
|
|
2,054,126 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
9,045,970 |
|
| Washington — 5.4% |
|
|
|
|
|
|
|
|
| Central Puget Sound Regional Transit Authority, RB, Series A (c): |
|
|
|
|
|
|
|
|
| 5.00%, 11/01/17 |
|
|
4,500 |
|
|
|
4,639,365 |
|
| 5.00%, 11/01/17 |
|
|
4,500 |
|
|
|
4,639,365 |
|
| (AGM), 5.00%, 11/01/17 |
|
|
7,693 |
|
|
|
7,931,714 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
17,210,444 |
|
| Wisconsin — 0.8% |
|
|
|
|
|
|
|
|
| Wisconsin Health & Educational Facilities Authority, Refunding RB,
Froedtert & Community Health, Inc., Obligated Group, Series C, 5.25%, 4/01/39 (h) |
|
|
2,499 |
|
|
|
2,628,582 |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
BLACKROCK MUNIVEST FUND II, INC. |
|
JANUARY 31, 2017 |
|
9 |
|
|
|
| Schedule of Investments (continued) |
|
BlackRock MuniVest Fund II, Inc.
(MVT) |
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
Value |
|
| Total Municipal Bonds Transferred to Tender Option Bond Trusts - 39.7% |
|
|
|
|
|
$ |
127,107,425 |
|
| Total Long-Term Investments (Cost — $488,489,567) — 163.1% |
|
|
|
|
|
|
521,989,297 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
| Short-Term Securities |
|
|
Shares |
|
|
|
|
|
| BlackRock Liquidity Funds, MuniCash, Institutional Class, 0.50% (i)(j) |
|
|
4,296,045 |
|
|
|
4,296,474 |
|
| Total Short-Term Securities
(Cost — $4,296,045) — 1.3% |
|
|
|
4,296,474 |
|
|
|
|
|
|
|
|
| |
|
|
|
Value |
|
| Total Investments
(Cost — $492,785,612) — 164.4% |
|
$ |
526,285,771 |
|
| Other Assets Less Liabilities — 1.3% |
|
|
4,174,560 |
|
| Liability for TOB Trust Certificates, Including Interest Expense and Fees Payable —
(22.0)% |
|
|
(70,355,545 |
) |
| VMTP Shares, at Liquidation Value — (43.7)% |
|
|
(140,000,000 |
) |
|
|
|
|
|
|
|
| Net Assets Applicable to Common Shares — 100.0% |
|
$ |
320,104,786 |
|
|
|
|
|
|
|
|
| * |
|
As of January 31, 2017, gross unrealized appreciation and depreciation based on cost for federal income tax purposes were as follows:
|
|
|
|
|
|
| Tax cost |
|
$ |
422,730,740 |
|
|
|
|
|
|
| Gross unrealized appreciation |
|
$ |
36,529,990 |
|
| Gross unrealized depreciation |
|
|
(3,220,997 |
) |
|
|
|
|
|
| Net unrealized appreciation |
|
$ |
33,308,993 |
|
|
|
|
|
|
|
| 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) |
|
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.
|
| (e) |
|
Security is collateralized by municipal bonds or U.S. Treasury obligations. |
| (f) |
|
When-issued security. |
| (g) |
|
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.
|
| (h) |
|
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 April 1, 2017 and November 15, 2019, is $13,391,469. |
| (i) |
|
During the period ended January 31, 2017, investments in issuers considered to be an affiliate 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 January 31,
2017 |
|
|
Value at
January 31,
2017 |
|
|
Income |
|
|
Net Realized
Gain (Loss) |
|
|
Change
in
Unrealized Appreciation
(Depreciation) |
|
| BlackRock Liquidity Funds, MuniCash, Institutional Class |
|
|
1,981,652 |
|
|
|
2,314,393 |
|
|
|
4,296,045 |
|
|
$ |
4,296,474 |
|
|
$ |
10,024 |
|
|
$ |
(162 |
) |
|
$ |
429 |
|
| (j) |
|
Current yield as of period end. |
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
| 10 |
|
BLACKROCK MUNIVEST FUND II, INC. |
|
JANUARY 31, 2017 |
|
|
|
|
|
| Schedule of Investments (continued) |
|
BlackRock MuniVest Fund II, Inc.
(MVT) |
|
|
|
|
|
|
|
|
|
| Derivative Financial Instruments Outstanding as of Period
End |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Futures Contracts |
|
|
|
|
|
|
|
|
| Contracts
Short |
|
Issue |
|
Expiration |
|
|
|
Notional
Value |
|
Unrealized
Depreciation |
|
|
| (45) |
|
5-Year U.S. Treasury Note |
|
March 2017 |
|
|
|
$5,304,023 |
|
$ (19,064) |
|
|
| (66) |
|
10-Year U.S. Treasury Note |
|
March 2017 |
|
|
|
$8,214,938 |
|
(40,634) |
|
|
| (54) |
|
Long U.S. Treasury Bond |
|
March 2017 |
|
|
|
$8,145,562 |
|
(49,425) |
|
|
| (12) |
|
Ultra U.S. Treasury Bond |
|
March 2017 |
|
|
|
$1,928,250 |
|
(16,498) |
|
|
| Total |
|
$ (125,621) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 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 |
| IDA |
|
Industrial Development Authority |
| LRB |
|
Lease Revenue Bonds |
| M/F |
|
Multi-Family |
| NPFGC |
|
National Public Finance Guarantee Corp. |
| RB |
|
Revenue Bonds |
| S/F |
|
Single-Family |
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
BLACKROCK MUNIVEST FUND II, INC. |
|
JANUARY 31, 2017 |
|
11 |
|
|
|
| Schedule of Investments (continued) |
|
BlackRock MuniVest Fund II, Inc.
(MVT) |
|
|
|
|
|
|
|
|
|
|
|
| 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. Investments classified within Level 3 have significant
unobservable inputs used by the BlackRock Global Valuation Methodologies Committee (the “Global Valuation Committee”) in determining the price for Fair Valued Investments. Level 3 Investments include equity or debt issued by privately-held
companies. There may not be a secondary market, and/or there are a limited number of investors. Level 3 investments may also be adjusted to reflect illiquidity and/or non-transferability, with the amount of such discount estimated by the Global
Valuation Committee in the absence of market information.
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 semi-annual report.
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 |
|
|
— |
|
|
$ |
521,989,297 |
|
|
|
— |
|
|
$ |
521,989,297 |
|
| Short-Term Securities |
|
$ |
4,296,474 |
|
|
|
— |
|
|
|
— |
|
|
|
4,296,474 |
|
| Total |
|
$ |
4,296,474 |
|
|
$ |
521,989,297 |
|
|
|
— |
|
|
$ |
526,285,771 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Derivative Financial Instruments2 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Interest rate contracts |
|
$ |
(125,621 |
) |
|
|
— |
|
|
|
— |
|
|
$ |
(125,621 |
) |
| |
1 |
|
See above Schedule of Investments for values in each state or political subdivision. |
| |
2 |
|
Derivative financial instruments are futures contracts which are valued at the unrealized appreciation (depreciation) on the instrument.
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
| 12 |
|
BLACKROCK MUNIVEST FUND II, INC. |
|
JANUARY 31, 2017 |
|
|
|
|
|
| Schedule of Investments (concluded) |
|
BlackRock MuniVest Fund II, Inc.
(MVT) |
The Fund may hold assets
and/or liabilities in which the fair value approximates the carrying amount for financial reporting purposes. As of period end, such assets and/or liabilities are categorized within the disclosure hierarchy as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
|
Total |
|
| Liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| TOB Trust Certificates |
|
|
— |
|
|
$ |
(70,246,038 |
) |
|
|
— |
|
|
$ |
(70,246,038 |
) |
| VMTP Shares at Liquidation Value |
|
|
— |
|
|
|
(140,000,000 |
) |
|
|
— |
|
|
|
(140,000,000 |
) |
| Total |
|
|
— |
|
|
$ |
(210,246,038 |
) |
|
|
— |
|
|
$ |
(210,246,038 |
) |
During the period ended January 31, 2017, there were no transfers between levels.
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
BLACKROCK MUNIVEST FUND II, INC. |
|
JANUARY 31, 2017 |
|
13 |
|
|
|
| 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: March 23, 2017
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: March 23, 2017
|
|
|
|
|
| By: |
|
/s/ Neal J. Andrews |
|
|
Neal J. Andrews |
|
|
Chief Financial Officer (principal financial officer) of BlackRock MuniVest Fund II, Inc. |
Date: March 23, 2017