BlackRock New York Municipal Bond Trust

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: 811-21037

Name of Fund:  BlackRock New York Municipal Bond Trust (BQH)

Fund Address:   100 Bellevue Parkway, Wilmington, DE 19809

Name and address of agent for service:  John M. Perlowski, Chief Executive Officer, BlackRock New York

              Municipal Bond Trust, 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: 08/31/2019

Date of reporting period: 11/30/2018

 


Item 1 – Schedule of Investments

 


Schedule of Investments  (unaudited) 

November 30, 2018

 

  

 

BlackRock New York Municipal Bond Trust (BQH)

(Percentages shown are based on Net Assets)

 

    
Security
  Par
(000)
    Value  

Municipal Bonds — 143.3%

 

New York — 142.5%  
Corporate — 4.8%  

Build NYC Resource Corp., Refunding RB, Pratt Paper, Inc. Project, AMT, 5.00%, 01/01/35(a)

  $ 100     $ 105,178  

City of New York Industrial Development Agency, Refunding RB, Transportation Infrastructure Properties LLC, Series A, AMT, 5.00%, 07/01/28

    690       729,951  

New York Liberty Development Corp., Refunding RB, Goldman Sachs Headquarters, 5.25%, 10/01/35

    475       571,231  

Niagara Area Development Corp., Refunding RB, Covanta Project, Series A, AMT,
4.75%, 11/01/42(a)

    640       613,491  
   

 

 

 
      2,019,851  
County/City/Special District/School District — 34.8%  

City of New York, GO, Refunding, Series E, 5.50%, 08/01/25

    150       170,871  

City of New York, GO:

   

Series D, 5.38%, 06/01/32

    15       15,044  

Series G-1, 6.25%, 12/15/31

    5       5,017  

Sub-Series D-1, Fiscal 2014, 5.00%, 08/01/31

    245       270,745  

, 5.38%, 04/01/19(b)

    115       116,367  

, 5.38%, 04/01/36

    20       20,214  

City of New York, Series A (AGC), Sub-Series I-1, GOL, Sub-Series D-1(c):

   

5.00%, 12/01/43

    1,010       1,135,482  

5.00%, 12/01/44

    200       224,668  

City of New York Convention Center Development Corp., RB, CAB, Sub Lien, Hotel Unit Fee,
Series B (AGM), 0.00%, 11/15/55(d)

    500       97,990  

City of New York Convention Center Development Corp., Refunding RB, Hotel Unit Fee Secured:

   

5.00%, 11/15/40

    1,110       1,227,727  

5.00%, 11/15/45

    670       738,876  

City of New York Industrial Development Agency, RB, PILOT:

   

CAB, Yankee Stadium Project,
0.00%, 03/01/42(d)

    500       185,165  

CAB, Yankee Stadium Project,
0.00%, 03/01/45(d)

    950       300,855  

(AMBAC), 5.00%, 01/01/39

    325       329,040  

Queens Baseball Stadium (AGC), 6.38%, 01/01/39

    100       100,314  

Queens Baseball Stadium (AMBAC), 5.00%, 01/01/46

    175       177,331  
    
Security
  Par
(000)
    Value  
County/City/Special District/School District (continued)  

City of New York Industrial Development Agency, RB, PILOT (continued):

   

Yankee Stadium Project (NPFGC), 5.00%, 03/01/46

  $ 175     $ 175,891  

City of New York New York, GO, Sub-Series
G-1, 5.00%, 04/01/29

    250       269,730  

City of New York New York Industrial Development Agency, RB, CAB, PILOT, Yankee Stadium
Project(d):

   

0.00%, 03/01/41

    4,155       1,616,461  

0.00%, 03/01/43

    2,000       702,980  

City of New York Transitional Finance Authority
Future Tax Secured, RB:

   

Future Tax Secured, Sub-Series A-3, 4.00%, 08/01/43

    265       267,308  

Future Tax Secured, Sub-Series E-1, 5.00%, 02/01/39

    255       284,422  

Series A-2, 5.00%, 08/01/38

    110       123,627  

Sub-Series B-1, 5.00%, 11/01/35

    200       220,878  

Hudson Yards Infrastructure Corp., Refunding RB, Fiscal 2017, Series A, 5.00%, 02/15/42

    255       282,999  

5.00%, 02/15/39

    275       306,859  

New York Liberty Development Corp., Refunding RB:

   

2nd Priority, Bank of America Tower at One Bryant Park Project, Class 2, 5.63%, 07/15/47

    1,350       1,397,385  

2nd Priority, Bank of America Tower at One Bryant Park Project, Class 3, 6.38%, 07/15/49

    285       295,799  

3 World Trade Center Project, Class 1, 5.00%, 11/15/44(a)

    415       423,541  

3 World Trade Center Project, Class 2, 5.38%, 11/15/40(a)

    120       125,296  

4 World Trade Center Project, 5.00%, 11/15/31

    750       799,642  

7 World Trade Center Project, Class 1, 4.00%, 09/15/35

    320       330,624  

7 World Trade Center Project, Class 2, 5.00%, 09/15/43

    500       532,935  

7 World Trade Center Project, Class 3, 5.00%, 03/15/44

    520       552,406  

World Trade Center Project, 5.75%, 11/15/51

    340       371,304  

Metropolitan Transportation Authority Hudson Rail Yards Trust Obligations, Refunding RB, Series A, 5.00%, 11/15/56

    450       476,010  
   

 

 

 
      14,671,803  
Education — 35.1%  

Amherst Development Corp., Refunding RB:

   

Daemen College Project, 5.00%, 10/01/43

    85       88,958  

Daemen College Project, 5.00%, 10/01/48

    65       67,764  
 

 

 

     1  


Schedule of Investments  (unaudited) (continued)

November 30, 2018

 

  

 

BlackRock New York Municipal Bond Trust (BQH)

(Percentages shown are based on Net Assets)

 

    
Security
  Par
(000)
    Value  
Education (continued)  

Amherst Development Corp., Refunding RB (continued):

   

University at Buffalo Foundation Faculty-Student
Housing Corp., Series A (AGM), 4.63%, 10/01/20(b)

  $ 140     $ 146,782  

Build NYC Resource Corp., RB, Inwood Academy for Leadership Charter School Project, Series A, 5.50%, 05/01/48(a)

    150       151,860  

Build NYC Resource Corp., Refunding RB:

   

City University New York-Queens College Student Residences, LLC Project, Series A, 5.00%, 06/01/38

    250       274,743  

Ethical Culture Fieldston School Project, 5.00%, 06/01/32

    450       501,885  

Packer Collegiate Institute Project, 5.00%, 06/01/40

    310       338,864  

City of New York Trust for Cultural Resources, RB, Juilliard School, Series A, 5.00%, 01/01/39

    250       250,620  

City of New York Trust for Cultural Resources,
Refunding RB, Series A:

   

American Museum of Natural History, 5.00%, 07/01/37

    110       122,168  

Carnegie Hall, 4.75%, 12/01/39

    400       408,484  

City of Troy New York Capital Resource Corp., Refunding RB, Rensselaer Polytechnic Institute Project:

   

Series A, 5.13%, 09/01/40

    610       634,552  

Series B, 4.00%, 08/01/35

    110       112,263  

City of Yonkers New York Industrial Development Agency, RB, Sarah Lawrence College Project,
Series A, 6.00%, 06/01/19(b)

    250       255,115  

Counties of Buffalo & Erie New York Industrial Land Development Corp., Refunding RB, The Charter School for Applied Technologies Project,
Series A, 5.00%, 06/01/35

    55       58,220  

County of Cattaraugus New York, RB, St. Bonaventure University Project, 5.00%, 05/01/39

    60       63,820  

County of Dutchess New York Local Development Corp., RB, Marist College Project:

   

5.00%, 07/01/43

    55       61,566  
    
Security
  Par
(000)
    Value  
Education (continued)  

County of Dutchess New York Local Development Corp., RB, Marist College Project (continued):

   

5.00%, 07/01/48

  $ 80     $ 89,138  

County of Dutchess New York Local Development Corp., Refunding RB, Vassar College Project:

   

5.00%, 07/01/42

    100       111,733  

4.00%, 07/01/46

    185       187,140  

County of Monroe New York Industrial Development Corp., RB, University of Rochester Project(b):

   

5.00%, 07/01/21

    110       118,183  

5.00%, 07/01/21

    390       420,034  

Series A, 5.00%, 07/01/21

    500       538,505  

County of Monroe New York Industrial Development Corp., Refunding RB, University of Rochester Project, Series A, 5.00%, 07/01/23(b)

    120       135,383  

County of Nassau New York Industrial Development Agency, Refunding RB, New York Institute of Technology Project, Series A, 4.75%, 03/01/20(b)

    200       206,632  

County of Tompkins New York Development Corp., RB, Ithaca College Project (AGM), 5.50%, 01/01/21(b)

    100       107,099  

Geneva Development Corp., Refunding RB, Hobart & William Smith Colleges, 5.25%, 09/01/44

    160       176,389  

State of New York Dormitory Authority, RB:

   

Convent of the Sacred Heart (AGM), 5.75%, 11/01/40

    300       323,007  

Education, Series B, 5.75%, 03/15/19(b)

    300       303,333  

New York University, Series 1 (AMBAC) (BHAC), 5.50%, 07/01/31

    245       293,358  

New York University, Series B, 5.00%, 07/01/42

    500       540,525  

State University Dormitory Facilities, Series A, 5.00%, 07/01/19(b)

    150       152,766  

Teachers College, Series B, 5.00%, 07/01/42

    750       803,370  
 

 

 

2   


Schedule of Investments  (unaudited) (continued)

November 30, 2018

 

  

 

BlackRock New York Municipal Bond Trust (BQH)

(Percentages shown are based on Net Assets)

 

    
Security
  Par
(000)
    Value  
Education (continued)  

State of New York Dormitory Authority, RB (continued):

   

Touro College & University System, Series A,
5.25%, 01/01/34

  $ 250     $ 267,403  

Touro College & University System, Series A,
5.50%, 01/01/39

    500       536,615  

University of Rochester, Series A, 5.13%, 07/01/19(b)

    185       188,543  

University of Rochester, Series A, 5.75%, 07/01/19(b)

    150       153,407  

University of Rochester, Series A, 5.13%, 07/01/39

    30       30,515  

University of Rochester, Series A, 5.75%, 07/01/39

    25       25,540  

State of New York Dormitory Authority, Refunding RB:

   

Barnard College, Series A, 5.00%, 07/01/34

    100       112,359  

Brooklyn Law School, 5.75%, 07/01/33

    125       127,108  

Cornell University, Series A, 5.00%, 07/01/40

    150       156,014  

Fordham University, 5.00%, 07/01/44

    340       366,870  

Icahn School of Medicine at Mount Sinai, Series A, 5.00%, 07/01/35

    345       381,335  

New York University, Series A, 5.00%, 07/01/37

    445       482,335  

New York University, Series A, 5.00%, 07/01/42

    1,750       1,891,837  

Series B, 5.00%, 02/15/37

    370       416,309  

Skidmore College, Series A, 5.00%, 07/01/28

    250       266,263  

State University Dormitory Facilities, Series A,
5.25%, 07/01/30

    350       392,486  

State University Dormitory Facilities, Series A,
5.25%, 07/01/32

    350       392,004  

Teachers College, 5.50%, 03/01/19(b)

    350       353,182  

Town of Hempstead New York Local Development
Corp., Refunding RB:

   

Adelphi University Project, 5.00%, 10/01/34

    105       115,848  

Hofstra University Project, 5.00%, 07/01/47

    100       110,092  
   

 

 

 
      14,810,324  
    
Security
  Par
(000)
    Value  
Health — 16.3%  

Counties of Buffalo & Erie New York Industrial Land Development Corp., RB, Catholic Health System Obligation, 5.25%, 07/01/35

  $ 500     $ 541,175  

County of Dutchess New York Local Development Corp., RB, Health Quest Systems, Inc., Series B, 4.00%, 07/01/41

    100       100,368  

County of Dutchess New York Local Development Corp., Refunding RB, Health Quest System, Inc., Series A (AGM), 5.75%, 07/01/30

    350       372,690  

County of Genesee New York Industrial Development Agency, Refunding RB, United Memorial Medical Center Project, 5.00%, 12/01/27

    120       120,067  

County of Monroe New York Industrial Development Corp., RB, Rochester General Hospital Project:

   

4.00%, 12/01/41

    100       97,296  

5.00%, 12/01/46

    160       172,394  

Series A, 5.00%, 12/01/37

    370       394,953  

County of Monroe New York Industrial Development Corp., Refunding RB, Unity Hospital of Rochester Project (FHA), 5.50%, 08/15/40

    275       293,821  

County of Suffolk New York EDC, RB, Catholic Health Services, Series C, 5.00%, 07/01/32

    80       85,814  

County of Westchester New York Healthcare Corp., Refunding RB, Senior Lien:

   

Remarketing, Series A, 5.00%, 11/01/30

    1,030       1,085,610  

Series B, 6.00%, 11/01/20(b)

    175       188,141  

Series B, 6.00%, 11/01/30

    25       26,564  

County of Westchester New York Local Development Corp., Refunding RB, Kendal On Hudson Project, 5.00%, 01/01/34

    500       522,055  

State of New York Dormitory Authority, RB(b):

   

New York State Association for Retarded Children, Inc., Series B (AMBAC), 6.00%, 07/01/19

    185       189,410  

New York University Hospitals Center, Series A, 5.75%, 07/01/20

    220       233,042  

North Shore-Long Island Jewish Obligated Group, Series A, 5.75%, 05/01/19

    500       508,215  
 

 

 

     3  


Schedule of Investments  (unaudited) (continued)

November 30, 2018

 

  

 

BlackRock New York Municipal Bond Trust (BQH)

(Percentages shown are based on Net Assets)

 

    
Security
  Par
(000)
    Value  
Health (continued)  

State of New York Dormitory Authority, Refunding RB:

   

Miriam Osborn Memorial Home Association, 5.00%, 07/01/29

  $ 290     $ 293,941  

Mount Sinai Hospital, Series A, 5.00%, 07/01/26

    315       328,444  

North Shore-Long Island Jewish Obligated Group, Series A, 5.00%, 05/01/21(b)

    1,000       1,071,150  

North Shore-Long Island Jewish Obligated Group, Series E, 5.50%, 05/01/33

    250       253,105  
   

 

 

 
      6,878,255  
Housing — 8.2%  

City of New York Housing Development Corp., RB, M/F Housing, Fund Grant Program, New York City Housing Authority Program, Series B1:

   

5.25%, 07/01/32

    735       798,306  

5.00%, 07/01/33

    250       268,015  

City of New York Housing Development Corp., Refunding RB:

   

M/F Housing, 8 Spruce Street, Class F, 4.50%, 02/15/48

    500       513,705  

Sustainable Neighborhood Bonds, Series A,
4.25%, 11/01/43(c)

    640       650,765  

County of Onondaga New York Trust for Cultural Resources, Refunding RB, Abby Lane Housing Corporation Project, 5.00%, 05/01/40

    135       145,153  

State of New York HFA, RB:

   

Affordable Housing, Series E (SONYMA), 4.15%, 11/01/47

    165       166,673  

M/F Housing, Highland Avenue Senior Apartments, Series A, AMT (SONYMA), 5.00%, 02/15/39

    485       486,571  

State of New York Mortgage Agency, Refunding RB, S/F, Series 213, 4.20%, 10/01/43

    405       410,654  
   

 

 

 
      3,439,842  
State — 7.7%  

City of New York Transitional Finance Authority Building Aid Revenue, Refunding RB, Series S-3, 4.00%, 07/15/38

    1,240       1,261,774  
    
Security
  Par
(000)
    Value  
State (continued)  

State of New York, GO, Series A, 5.00%, 02/15/39

  $ 250     $ 251,473  

State of New York Dormitory Authority, RB, Series A:

   

General Purpose, 5.00%, 02/15/42

    500       553,400  

Group B, State Sales Tax, Series A, 5.00%, 03/15/39

    140       156,577  

Group C, State Sales Tax, 4.00%, 03/15/45

    310       313,695  

5.00%, 03/15/36

    110       123,860  

State of New York Dormitory Authority, Refunding RB, Group 3, Series E, 5.00%, 03/15/41

    265       299,310  

State of New York Urban Development Corp., RB, State Personal Income Tax, Series C, 5.00%, 03/15/30

    250       275,212  
   

 

 

 
      3,235,301  
Tobacco — 4.9%  

Counties of New York Tobacco Trust IV, Refunding RB, Settlement Pass-Through Turbo, Series A, 6.25%, 06/01/41(a)

    200       204,878  

Counties of New York Tobacco Trust VI, Refunding RB:

   

Settlement Pass-Through Turbo, Series C, 4.00%, 06/01/51

    400       341,192  

Tobacco Settlement Pass-Through, Series A-2B, 5.00%, 06/01/51

    340       342,744  

County of Chautauqua New York Tobacco Asset Securitization Corp., Refunding RB, Asset-Backed, 4.75%, 06/01/39

    75       72,333  

County of Niagara New York Tobacco Asset Securitization Corp., Refunding RB, Asset-Backed, 5.25%, 05/15/40

    170       177,177  

TSASC, Inc., Refunding RB, Series B:

   

5.00%, 06/01/45

    255       244,101  

Tobacco Settlement Bonds, 5.00%, 06/01/48

    275       261,580  

Westchester New York Tobacco Asset Securitization, Refunding RB, Tobacco Settlement Bonds, Sub-Series C:

   

4.00%, 06/01/42

    245       224,352  

5.13%, 06/01/51

    200       201,574  
   

 

 

 
      2,069,931  
 

 

 

4   


Schedule of Investments  (unaudited) (continued)

November 30, 2018

 

  

 

BlackRock New York Municipal Bond Trust (BQH)

(Percentages shown are based on Net Assets)

 

    
Security
  Par
(000)
    Value  
Transportation — 20.3%  

Buffalo & Fort Erie Public Bridge Authority, RB, 5.00%, 01/01/47

  $ 120     $ 132,031  

County of Albany Airport Authority, Refunding RB, AMT, Series B:

   

4.00%, 12/15/34

    235       236,946  

4.00%, 12/15/35

    120       120,228  

Metropolitan Transportation Authority, RB, Series D, 5.25%, 11/15/21(b)

    220       240,693  

Metropolitan Transportation Authority, Refunding RB:

   

Green Bonds, Climate Bond Certified,
Sub-Series B-2, 4.00%, 11/15/34

    200       210,450  

Series D, 5.25%, 11/15/21(b)

    780       853,367  

Series D, 5.25%, 11/15/23(b)

    170       195,208  

Series D, 5.25%, 11/15/23(b)

    250       287,070  

Series D, 5.25%, 11/15/23(b)

    250       287,070  

Series F, 5.00%, 11/15/30

    500       536,955  

New York Transportation Development Corp., ARB, LaGuardia Airport Terminal B Redevelopment Project, Series A, AMT:

   

5.00%, 07/01/46

    145       152,030  

5.25%, 01/01/50

    20       21,176  

(AGM), 4.00%, 07/01/41

    150       148,608  

New York Transportation Development Corp., Refunding ARB, American Airlines, Inc., AMT, 5.00%, 08/01/31

    690       712,128  

Port Authority of New York & New Jersey, ARB, Special Project, JFK International Air Terminal LLC Project, Series 8, 6.00%, 12/01/42

    500       532,285  

Port Authority of New York & New Jersey, Refunding ARB:

   

179th Series, 5.00%, 12/01/38

    150       165,346  

Consolidated, 195th Series, AMT, 5.00%, 04/01/36

    250       277,087  

Consolidated, 206th Series, AMT, 5.00%, 11/15/42

    225       248,004  

Port Authority of New York & New Jersey, Refunding RB, 178th Series, AMT, 5.00%, 12/01/32

    270       294,338  

State of New York Thruway Authority, RB, Junior Lien, Series A, 5.25%, 01/01/56

    370       404,440  
    
Security
  Par
(000)
    Value  
Transportation (continued)  

State of New York Thruway Authority, Refunding RB, General:

   

2nd Highway & Bridge Trust, Series A, 5.00%, 04/01/32

  $ 1,000     $ 1,083,250  

Series I, 5.00%, 01/01/37

    440       465,524  

Series I, 5.00%, 01/01/42

    140       147,363  

Series J, 5.00%, 01/01/41

    250       269,947  

Triborough Bridge & Tunnel Authority, RB, Series B,
5.00%, 11/15/40

    140       156,601  

Triborough Bridge & Tunnel Authority, Refunding RB:

   

General, Series A, 5.25%, 11/15/45

    275       312,403  

Series B, 5.00%, 11/15/38

    50       56,300  
   

 

 

 
      8,546,848  
Utilities — 10.5%  

City of New York Municipal Water Finance Authority, RB, Water & Sewer System, 2nd General Resolution, Fiscal 2017, Series DD, 5.25%, 06/15/47

    120       135,576  

City of New York Municipal Water Finance Authority, Refunding RB, Water & Sewer System, 2nd General Resolution, Fiscal 2015, Series HH, 5.00%, 06/15/39

    250       276,172  

Long Island Power Authority, RB:

   

5.00%, 09/01/38

    625       705,094  

General, 5.00%, 09/01/47

    110       121,196  

General, 5.00%, 09/01/36

    80       89,734  

General, Electric Systems, Series A (AGM), 5.00%, 05/01/21(b)

    225       241,009  

General, Electric Systems, Series C (CIFG), 5.25%, 09/01/29

    500       592,290  

Long Island Power Authority, Refunding RB, Electric System:

   

Series A, 5.50%, 04/01/19(b)

    100       101,213  

Series B, 5.00%, 09/01/46

    75       82,248  

State of New York Environmental Facilities Corp., RB, Subordinated SRF Bonds, Series B, 5.00%, 06/15/48

    210       237,338  

State of New York Power Authority, Refunding RB, Series A, 5.00%, 11/15/38

    600       645,366  

Utility Debt Securitization Authority, Refunding RB, Restructuring, Series E, 5.00%, 12/15/41

    1,115       1,217,312  
   

 

 

 
    4,444,548  
   

 

 

 

Total Municipal Bonds in New York

 

    60,116,703  
   

 

 

 
 

 

 

     5  


Schedule of Investments  (unaudited) (continued)

November 30, 2018

 

  

 

BlackRock New York Municipal Bond Trust (BQH)

(Percentages shown are based on Net Assets)

 

    
Security
  Par
(000)
    Value  
Puerto Rico — 0.8%  
Tobacco — 0.8%  

Children’s Trust Fund, Refunding RB, Tobacco Settlement Asset-Backed Bonds, 5.63%, 05/15/43

  $ 320     $ 320,595  
   

 

 

 

Total Municipal Bonds — 143.3%
(Cost — $57,314,158)

 

    60,437,298  
   

 

 

 

Municipal Bonds Transferred to Tender Option Bond Trusts(e) — 27.5%

 

New York — 27.5%  
County/City/Special District/School District — 8%  

City of New York, GO, Sub-Series I-1, 5.00%, 03/01/36

    250       276,084  

City of New York Convention Center Development Corp., Refunding RB, Hotel Unit Fee Secured, 5.00%, 11/15/32

    300       338,773  

City of New York Transitional Finance Authority, RB, Future Tax Secured, Sub-Series D-1, 5.00%, 11/01/38

    825       876,021  

Hudson Yards Infrastructure Corp., RB, Senior-Fiscal 2012(f):

   

5.75%, 02/15/21(b)

    433       466,217  

5.75%, 02/15/47

    267       286,803  

New York Liberty Development Corp., Refunding RB, 7 World Trade Center Project, Class 1, 5.00%, 09/15/40

    1,050       1,128,680  
   

 

 

 
      3,372,578  
State — 1.9%  

City of New York Transitional Finance Authority, BARB, Fiscal 2009, Series S-3, 5.25%, 01/15/39

    500       501,917  

Sales Tax Asset Receivable Corp., Refunding RB, Fiscal 2015, Series A, 5.00%, 10/15/31

    255       287,462  
   

 

 

 
      789,379  
Transportation — 8.0%  

New York Liberty Development Corp., ARB, 1 World Trade Center Port Authority Consolidated Bonds, 5.25%, 12/15/43

    630       680,544  
    
Security
  Par
(000)
    Value  
Transportation (continued)  

Port Authority of New York & New Jersey, Refunding ARB:

   

194th Series, 5.25%, 10/15/55

  $ 360     $ 401,947  

Consolidated, 210th Series, 5.00%, 09/01/48

    960       1,079,640  

State of New York Thruway Authority, Refunding RB, Transportation, Personal Income Tax,
Series A, 5.00%, 03/15/31

    600       641,281  

Triborough Bridge & Tunnel Authority, Refunding RB, General, Series A, 5.00%, 11/15/46

    500       551,888  
   

 

 

 
      3,355,300  
Utilities — 9.7%  

City of New York Municipal Water Finance Authority, Refunding RB, Water & Sewer System, 2nd General Resolution:

   

Fiscal 2011, Series HH, 5.00%, 06/15/32

    990       1,052,278  

Fiscal 2012, Series BB, 5.00%, 06/15/44

    1,500       1,599,390  

Utility Debt Securitization Authority, Refunding RB, Restructuring:

   

Series A, 5.00%, 12/15/35

    1,000       1,133,185  

Utility Debt Securitization Authority, Refunding RB, Restructuring (continued):

   

Series B, 4.00%, 12/15/35

    280       293,657  
   

 

 

 
      4,078,510  
   

 

 

 

Total Municipal Bonds Transferred to Tender
Option Bond Trusts — 27.5%
(Cost — $11,389,623)

 

    11,595,767  
   

 

 

 

Total Long-Term Investments — 170.8%
(Cost — $68,703,781)

 

    72,033,065  
   

 

 

 

Total Investments — 170.8%
(Cost — $68,703,781)

 

    72,033,065  

Liabilities in Excess of Other Assets — (3.1)%

 

    (1,313,687

Liability for TOB Trust Certificates, Including Interest Expense and Fees Payable — (15.6)%

 

    (6,582,462

VRDP Shares at Liquidation Value, Net of Deferred Offering Costs — (52.1)%

 

    (21,966,902
   

 

 

 

Net Assets Applicable to Common Shares — 100.0%

 

  $ 42,170,014  
   

 

 

 
 
(a)

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

(b) 

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

(c) 

When-issued security.

(d) 

Zero-coupon bond.

(e) 

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

 

 

6   


Schedule of Investments  (unaudited) (continued)

November 30, 2018

 

  

 

BlackRock New York Municipal Bond Trust (BQH)

 

(f)

All or a portion of security is subject to a recourse agreement. The aggregate maximum potential amount the Trust could ultimately be required to pay under the agreements, which expires on February 15, 2019, is $370,682.

During the period ended November 30, 2018, investments in issuers considered to be an affiliate of the Trust for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

 

Affiliate    Shares
Held at

08/31/18
     Net
Activity
     Shares
Held at
11/30/18
     Value at
11/30/18
     Income      Net Realized
Gain (Loss)
 (a)
     Change in
Unrealized
Appreciation
(Depreciation)
 

BlackRock Liquidity Funds,
MuniCash, Institutional Class

     343,324        (343,324           $      $ 720      $      $  

BlackRock Liquidity Funds
New York Money Fund Portfolio

                                 163                
           

 

 

    

 

 

    

 

 

    

 

 

 
            $      $ 883      $      $  
           

 

 

    

 

 

    

 

 

    

 

 

 

 

  (a) 

Includes net capital gain distributions, if applicable.

 

Derivative Financial Instruments Outstanding as of Period End

Futures Contracts

 

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

Short Contracts:

                 

10-Year U.S. Treasury Note

     4          03/20/19        $ 478        $ (1,353

Long U.S. Treasury Bond

     17          03/20/19          2,378          (10,172

5-Year U.S. Treasury Note

     6          03/29/19          678          (762
                 

 

 

 
                  $ (12,287
                 

 

 

 

Portfolio Abbreviations

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

BARB — Building Aid Revenue Bonds

BHAC — Berkshire Hathaway Assurance Corp.

CAB — Capital Appreciation Bonds

CIFG — CIFG

CIFG — CIFG Assurance North America, Inc.

EDC — Economic Development Corp.

FHA — Federal Housing Administration

GO — General Obligation Bonds

HFA — Housing Finance Agency

M/F — Multi-Family

NPFGC — National Public Finance Guarantee Corp.

PILOT — Payment in Lieu of Taxes

RB — Revenue Bonds

S/F — Single-Family

SONYMA — State of New York Mortgage Agency

SRF — State Revolving Fund

 

 

     7  


Schedule of Investments  (unaudited) (continued)

November 30, 2018

 

  

 

BlackRock New York Municipal Bond Trust (BQH)

 

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 Trust has the ability to access

 

   

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

 

   

Level 3 — Unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available (including the Trust’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 or funds. 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 Trust’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 Trust’s policy regarding valuation of investments and derivative financial instruments, refer to the Trust’s most recent financial statements as contained in its annual report.

The following tables summarize the Trust’s investments and derivative financial instruments categorized in the disclosure hierarchy:

 

      Level 1        Level 2        Level 3        Total  

Assets:

 

Investments:

 

Long-Term Investments(a)

   $        $ 72,033,065        $        $ 72,033,065  
  

 

 

      

 

 

      

 

 

      

 

 

 

Derivative Financial Instruments(b)

 

Liabilities:

 

Interest rate contracts

   $ (12,287      $        $         —        $ (12,287
  

 

 

      

 

 

      

 

 

      

 

 

 

 

  (a) 

See above Schedule of Investments for values in each sector.

 
  (b) 

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

 

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

 

      Level 1        Level 2        Level 3        Total  

Liabilities:

 

TOB Trust Certificates

   $         —        $ (6,560,292      $         —        $ (6,560,292

VRDP Shares at Liquidation Value

              (22,100,000                 (22,100,000
  

 

 

      

 

 

      

 

 

      

 

 

 
   $        $ (28,660,292      $        $ (28,660,292
  

 

 

      

 

 

      

 

 

      

 

 

 

During the period ended November 30, 2018, there were no transfers between levels.

 

 

8   


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 New York Municipal Bond Trust

 

By:   /s/ John M. Perlowski                           
  John M. Perlowski   
 

Chief Executive Officer (principal executive officer) of

BlackRock New York Municipal Bond Trust

  

Date: January 18, 2019

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 New York Municipal Bond Trust

  

Date: January 18, 2019

 

By:    /s/ Neal J. Andrews                           
   Neal J. Andrews   
  

Chief Financial Officer (principal financial officer) of

BlackRock New York Municipal Bond Trust

  

Date: January 18, 2019