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: Anne F. Ackerley, Chief Executive Officer, BlackRock MuniVest Fund II, Inc., 40 East 52nd Street, New York, NY 10022.
Registrant’s telephone number, including area code: (800) 882-0052, Option 4
Date of fiscal year end: 04/30/2010
Date of reporting period: 07/31/2009
Item 1 – Schedule of Investments
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BlackRock MuniVest Fund II, Inc. |
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Schedule of Investments July 31, 2009 (Unaudited) |
(Percentages shown are based on Net Assets) |
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State |
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Municipal Bonds |
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Par |
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Value |
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Alabama - 2.7% |
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Prattville Industrial Development Board, Alabama, RB, International Paper Co. Projects, Series A, AMT, 4.75%, 12/01/30 |
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$ |
3,500 |
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$ |
2,310,315 |
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Selma Industrial Development Board, Alabama, RB, International Paper Co. Projects, Series A, AMT, 4.75%, 12/01/30 |
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5,000 |
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3,300,450 |
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Tuscaloosa Special Care Facilities Financing Authority, RB, Capstone Village, Series A, 5.88%, 8/01/36 (a)(b) |
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2,900 |
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1,235,661 |
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6,846,426 |
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Arizona - 1.5% |
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Maricopa County Elementary School District No. 3-Tempe Elementary, Arizona, GO, Refunding (MBIA), 7.50%, 7/01/10 |
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1,250 |
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1,319,188 |
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Maricopa County IDA, Arizona, RB, Arizona Charter Schools Project 1, Series A, 6.75%, 7/01/29 |
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1,000 |
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669,840 |
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Pima County IDA, RB, Arizona Charter Schools Project, Series C, 6.75%, 7/01/31 |
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1,940 |
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1,452,362 |
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Pima County IDA, RB, Charter Schools, II, Series A, 6.75%, 7/01/21 |
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495 |
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408,726 |
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3,850,116 |
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California - 9.6% |
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City of Chula Vista California, RB, San Diego Gas, Series B, Remarketed, AMT, 5.00%, 12/01/27 |
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2,500 |
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2,164,025 |
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Golden State Tobacco Securitization Corp., California, RB, Series A-3, 7.88%, 6/01/13 (c) |
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5,010 |
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6,143,162 |
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State of California, GO, 5.50%, 4/01/30 |
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5 |
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5,016 |
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State of California, GO, Various Purpose, 6.50%, 4/01/33 |
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14,925 |
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16,135,716 |
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24,447,919 |
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Colorado - 4.3% |
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Colorado Health Facilities Authority, RB, Catholic Health Initiatives, Series D, 6.25%, 10/01/33 |
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1,060 |
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1,137,846 |
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Colorado Housing & Finance Authority, Colorado, RB, S/F Program, Senior, Series A-2, AMT, 7.50%, 4/01/31 |
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120 |
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129,256 |
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Elk Valley Public Improvement, RB, Public Improvement Fee, Series A, 7.35%, 9/01/31 |
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3,025 |
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2,442,506 |
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Elk Valley Public Improvement, RB, Public Improvement Fee, Series B, 7.45%, 9/01/31 |
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440 |
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358,842 |
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North Range Metropolitan District No. 1, Colorado, GO, 7.25%, 12/15/11 (c) |
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1,310 |
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1,476,881 |
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Portfolio Abbreviations |
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To simplify the listings of portfolio holdings in the Schedule of Investments, the names & descriptions of many of the securities have been abbreviated according to the following list.
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ACA |
American Capital Access Corp. |
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AGC |
Assured Guaranty Corp. |
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AMBAC |
American Municipal Bond Assurance Corp. |
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AMT |
Alternative Minimum Tax (subject to) |
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EDA |
Economic Development Authority |
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FGIC |
Financial Guaranty Insurance Co. |
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FSA |
Financial Security Assurance Inc. |
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GNMA |
Government National Mortgage Association |
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GO |
General Obligation Bonds |
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HFA |
Housing Finance Agency |
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IDA |
Industrial Development Authority |
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MBIA |
Municipal Bond Investors Assurance |
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(National Public Finance Guaranty Corp.) |
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RB |
Revenue Bonds |
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S/F |
Single-Family |
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TAN |
Tax Anticipation Notes |
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TECP |
Tax-Exempt Commercial Paper |
1
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BlackRock MuniVest Fund II, Inc. |
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Schedule of Investments July 31, 2009 (Unaudited) |
(Percentages shown are based on Net Assets) |
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State |
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Municipal Bonds |
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Par |
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Value |
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Plaza Metropolitan District No. 1, Colorado, TAN, Public Improvement Fee, Tax Increment, 8.00%, 12/01/25 |
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$ |
3,300 |
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$ |
2,873,079 |
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Plaza Metropolitan District No. 1, Colorado, TAN, Sub Public Improvement Fee, Tax Increment, 8.13%, 12/01/25 |
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820 |
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642,765 |
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University of Colorado, RB, Series A, 5.75%, 6/01/28 |
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750 |
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819,420 |
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University of Colorado, RB, Series A, 5.13%, 6/01/29 |
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1,000 |
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1,036,280 |
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10,916,875 |
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Connecticut - 1.0% |
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Connecticut State Development Authority, RB, Learjet Inc. Project, AMT, 7.95%, 4/01/26 |
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1,165 |
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1,172,106 |
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Mohegan Tribe of Indians of Connecticut, RB, Public Improvement, Priority Distribution, 6.25%, 1/01/31 |
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2,000 |
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1,342,700 |
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2,514,806 |
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Florida - 8.1% |
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County of Miami-Dade Florida, RB, Miami International Airport (AGC), AMT, 5.00%, 10/01/40 |
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10,000 |
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8,311,800 |
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Fiddlers Creek Community Development District No. 2, Special Assessment, Series A, 6.38%, 5/01/35 |
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2,350 |
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1,444,075 |
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Fiddlers Creek Community Development District No. 2, Special Assessment, Series B, 5.75%, 5/01/13 |
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400 |
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354,672 |
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Hillsborough County IDA, RB, H Lee Moffitt Cancer Center Project, Series A, 5.25%, 7/01/37 |
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3,500 |
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3,027,920 |
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Hillsborough County IDA, RB, National Gypsum, Series B, AMT, 7.13%, 4/01/30 |
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2,720 |
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1,525,022 |
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Midtown Miami Community Development District, Special Assessment, Series A, 6.25%, 5/01/37 |
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2,720 |
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1,823,760 |
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Orlando Urban Community Development District, Florida, Special Assessment, Capital Improvement, 6.25%, 5/01/34 |
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1,130 |
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774,197 |
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Orlando Urban Community Development District, Florida, Special Assessment, Capital Improvement, Series A, 6.95%, 5/01/11 (c) |
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1,000 |
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1,095,830 |
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Palm Coast Park Community Development District, Special Assessment, 5.70%, 5/01/37 |
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1,230 |
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671,924 |
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Park Place Community Development District, Florida, Special Assessment, 6.75%, 5/01/10 (c) |
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875 |
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926,441 |
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Preserve at Wilderness Lake Community Development District, RB, Series A, 7.10%, 5/01/33 |
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890 |
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748,588 |
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20,704,229 |
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Georgia - 4.0% |
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Fulton County Residential Care Facilities for the Elderly Authority, RB, Canterbury Court Project, Series A, 6.13%, 2/15/26 |
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2,000 |
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1,598,660 |
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Gainesville Redevelopment Authority, Refunding RB, Riverside Military Academy, 5.13%, 3/01/37 |
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600 |
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310,440 |
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Municipal Electric Authority of Georgia, RB, Series W, 6.60%, 1/01/18 (d) |
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380 |
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440,135 |
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Municipal Electric Authority of Georgia, RB, Series W, 6.60%, 1/01/18 |
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5,590 |
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6,431,854 |
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Municipal Electric Authority of Georgia, RB, Series X, 6.50%, 1/01/20 |
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1,250 |
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1,455,488 |
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10,236,577 |
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2
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BlackRock MuniVest Fund II, Inc. |
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Schedule of Investments July 31, 2009 (Unaudited) |
(Percentages shown are based on Net Assets) |
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State |
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Municipal Bonds |
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Par |
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Value |
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Guam - 1.3% |
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Territory of Guam, GO, Series A, 5.75%, 11/15/14 |
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$ |
495 |
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$ |
491,530 |
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Territory of Guam, GO, Series A, 6.00%, 11/15/19 |
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630 |
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617,778 |
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Territory of Guam, GO, Series A, 6.75%, 11/15/29 |
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1,100 |
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1,099,604 |
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Territory of Guam, GO, Series A, 7.00%, 11/15/39 |
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1,140 |
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1,135,565 |
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3,344,477 |
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Idaho - 0.0% |
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Idaho Housing & Finance Association, RB, S/F Mortgage, Senior, Series E-2, AMT, 6.90%, 1/01/27 |
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50 |
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50,068 |
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Illinois - 10.7% |
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City of Chicago Illinois, RB, Series C (GNMA), AMT, 7.00%, 3/01/32 |
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165 |
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170,212 |
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City of Chicago Illinois, Special Assessment, Lake Shore East, 6.75%, 12/01/32 |
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800 |
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610,480 |
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City of Chicago Illinois, TAN, Kingsbury Redevelopment Project, Series A, 6.57%, 2/15/13 |
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1,000 |
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956,640 |
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Illinois Finance Authority, RB, Advocate Health Care Network, Series D, 6.50%, 11/01/38 |
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5,000 |
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5,287,600 |
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Illinois Finance Authority, RB, Community Rehabilitation Providers Facilities, Series A, 6.50%, 7/01/22 |
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1,000 |
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973,570 |
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Illinois Finance Authority, RB, Friendship Village Schaumburg, Series A, 5.63%, 2/15/37 |
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500 |
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333,450 |
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Illinois Finance Authority, RB, Landing at Plymouth Place Project, Series A, 6.00%, 5/15/37 |
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1,035 |
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738,845 |
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Illinois Finance Authority, Refunding RB, Community Rehabilitation Providers, Series A, 6.00%, 7/01/15 |
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550 |
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549,978 |
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Regional Transportation Authority, RB, Series A (AMBAC), 7.20%, 11/01/20 |
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1,500 |
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1,865,070 |
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Regional Transportation Authority, RB, Series A (MBIA), 6.70%, 11/01/21 |
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7,000 |
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8,554,350 |
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Regional Transportation Authority, RB, Series C (MBIA), 7.75%, 6/01/20 |
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2,500 |
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3,220,725 |
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Village of Hodgkins Illinois, RB, MBM Project, AMT, 6.00%, 11/01/23 |
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2,800 |
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2,789,080 |
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Village of Wheeling Illinois, TAN, North Milwaukee, Lake-Cook TIF Project, 6.00%, 1/01/25 |
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1,580 |
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1,264,679 |
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27,314,679 |
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Indiana - 7.0% |
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Indiana Health & Educational Facilities Financing Authority, RB, Clarian Health Obligation, Series A, 5.25%, 2/15/40 |
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2,200 |
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1,907,026 |
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Indiana Transportation Finance Authority, Indiana, RB, Series A, 7.25%, 6/01/15 |
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|
320 |
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343,923 |
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Indiana Transportation Finance Authority, Indiana, RB, Series A, 6.80%, 12/01/16 |
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|
3,775 |
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4,360,276 |
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Indiana Transportation Finance Authority, Indiana, RB, Series A, 7.25%, 6/01/15 |
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|
1,350 |
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1,568,754 |
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Indianapolis Local Public Improvement Bond Bank, RB, Series D, 6.75%, 2/01/14 |
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|
8,750 |
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9,722,387 |
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17,902,366 |
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Louisiana - 6.3% |
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Louisiana Public Facilities Authority, RB, Franciscan Missionaries, Series A, 5.25%, 8/15/36 |
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|
5,000 |
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4,192,250 |
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Port Lake Charles Louisiana, Refunding RB, Continental Grain Co. Project, 6.50%, 1/01/17 |
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10,000 |
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8,603,600 |
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3
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BlackRock MuniVest Fund II, Inc. |
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Schedule of Investments July 31, 2009 (Unaudited) |
(Percentages shown are based on Net Assets) |
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State |
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Municipal Bonds |
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Par |
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Value |
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Sabine River Authority, Louisiana, Refunding RB, International Paper Co, 6.20%, 2/01/25 |
|
$ |
3,600 |
|
$ |
3,270,168 |
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16,066,018 |
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Maryland - 1.8% |
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County of Montgomery Maryland, GO, West Germantown Development District, Senior, Series A (Radian), 6.70%, 7/01/27 |
|
|
1,190 |
|
|
1,181,337 |
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Maryland Community Development Administration, RB, Residential, Series D, AMT, 4.90%, 9/01/42 |
|
|
1,500 |
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|
1,330,290 |
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Maryland Health & Higher Educational Facilities Authority, RB, King Farm Presbyterian Community, Series B, 5.00%, 1/01/17 |
|
|
1,055 |
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|
880,946 |
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Maryland Health & Higher Educational Facilities Authority, RB, University of Maryland Medical System, Series B (MBIA), 7.00%, 7/01/22 |
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|
1,000 |
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|
1,153,690 |
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4,546,263 |
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Massachusetts - 7.7% |
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Massachusetts HFA, Massachusetts, RB, Housing, Series A, AMT, 5.10%, 12/01/27 |
|
|
2,000 |
|
|
1,932,820 |
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|
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|
Massachusetts HFA, Massachusetts, RB, Housing, Series A, AMT, 5.20%, 12/01/37 |
|
|
3,000 |
|
|
2,806,080 |
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Massachusetts HFA, Massachusetts, RB, Housing, Series D, AMT, 4.85%, 6/01/40 |
|
|
2,770 |
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|
2,401,008 |
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Massachusetts HFA, Massachusetts, RB, Housing, Series F, AMT, 5.70%, 6/01/40 |
|
|
2,235 |
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|
2,141,108 |
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Massachusetts HFA, Massachusetts, RB, S/F, Series 130, AMT, 5.00%, 12/01/32 |
|
|
2,720 |
|
|
2,518,693 |
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Massachusetts State College Building Authority, Refunding RB, Senior, Series A, 7.50%, 5/01/11 |
|
|
500 |
|
|
556,945 |
|
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|
Massachusetts Water Resources Authority, RB, Series A, 6.50%, 7/15/19 (d) |
|
|
6,000 |
|
|
7,351,620 |
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19,708,274 |
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Michigan - 8.9% |
|
City of Detroit Michigan, RB, Senior Lien, Series B, Remarketed (FSA), 7.50%, 7/01/33 |
|
|
910 |
|
|
1,053,671 |
|
|
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|
Flint Hospital Building Authority, Michigan, Refunding RB, Hurley Medical Center (ACA), 6.00%, 7/01/20 |
|
|
2,890 |
|
|
2,405,781 |
|
|
|
|
Michigan State Hospital Finance Authority, Michigan, RB, McLaren Health Care, 5.75%, 5/15/38 |
|
|
8,560 |
|
|
8,044,945 |
|
|
|
|
Michigan State Hospital Finance Authority, Michigan, Refunding RB, Henry Ford Health System, Series A, 5.25%, 11/15/46 |
|
|
7,050 |
|
|
5,356,520 |
|
|
|
|
Michigan State Hospital Finance Authority, Michigan, Refunding RB, Trinity Health, Series A, 6.00%, 12/01/20 |
|
|
2,200 |
|
|
2,257,926 |
|
|
|
|
Pontiac Tax Increment Finance Authority, Michigan, TAN, Tax Increment, Development Area No. 3, 6.38%, 6/01/12 (c) |
|
|
3,000 |
|
|
3,455,580 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
22,574,423 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Mississippi - 7.0% |
|
County of Lowndes Mississippi, Refunding RB, Weyerhaeuser Co. Project, Series A, 6.80%, 4/01/22 |
|
|
5,850 |
|
|
5,586,458 |
|
|
|
|
Mississippi Business Finance Corp., RB, System Energy Resource Inc. Project, 5.88%, 4/01/22 |
|
|
7,200 |
|
|
6,531,696 |
|
|
|
|
Mississippi Business Finance Corp., Refunding RB, System Energy Resource Inc. Project, 5.90%, 5/01/22 |
|
|
5,215 |
|
|
4,739,809 |
|
4
|
|
|
|
BlackRock MuniVest Fund II, Inc. |
|
|
|
|
|
Schedule of Investments July 31, 2009 (Unaudited) |
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
State |
|
Municipal Bonds |
|
Par |
|
Value |
|
||
|
|
|||||||||
|
|
|
University of Southern Mississippi, RB, Campus Facilities Improvement Project, 5.38%, 9/01/36 |
|
$ |
1,065 |
|
$ |
1,095,427 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
17,953,390 |
|
|
|
|||||||||
|
Missouri - 0.0% |
|
Missouri Housing Development Commission, RB, S/F, Homeownership Loan, Series A-1 (GNMA), AMT, 7.50%, 3/01/31 |
|
|
70 |
|
|
75,399 |
|
|
|
|||||||||
|
Nevada - 0.2% |
|
Clark County Improvement District, Nevada, Special Assessment, Special Improvement District No. 142, Local Improvement, 6.38%, 8/01/23 |
|
|
595 |
|
|
466,902 |
|
|
|
|||||||||
|
New Jersey - 2.8% |
|
New Jersey EDA, RB, Cigarette Tax, 5.50%, 6/15/24 |
|
|
4,250 |
|
|
3,634,685 |
|
|
|
|
New Jersey EDA, RB, Continental Airlines Inc. Project, AMT, 6.25%, 9/15/29 |
|
|
3,000 |
|
|
2,054,700 |
|
|
|
|
New Jersey Health Care Facilities Financing Authority, RB, Pascack Valley Hospital Association, 6.63%, 7/01/36 (a)(b) |
|
|
1,680 |
|
|
43,008 |
|
|
|
|
New Jersey State Housing & Mortgage Finance Agency, RB, Series AA, 6.38%, 10/01/28 |
|
|
1,300 |
|
|
1,408,667 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7,141,060 |
|
|
|
|||||||||
|
New Mexico - 1.3% |
|
Farmington New Mexico, RB, Tucson Electric Power Co. San Juan, Series A, 6.95%, 10/01/20 |
|
|
3,160 |
|
|
3,160,442 |
|
|
|
|||||||||
|
New York - 9.5% |
|
City of New York New York, GO, Series A (MBIA), 6.38%, 5/15/15 |
|
|
40 |
|
|
41,960 |
|
|
|
|
Metropolitan Transportation Authority, RB, Series 2008C, 6.50%, 11/15/28 |
|
|
9,405 |
|
|
10,420,082 |
|
|
|
|
New York City Industrial Development Agency, RB, British Airways Plc Project, AMT, 7.63%, 12/01/32 |
|
|
1,920 |
|
|
1,479,859 |
|
|
|
|
New York City Industrial Development Agency, RB, Series C, 6.80%, 6/01/28 |
|
|
690 |
|
|
705,967 |
|
|
|
|
New York City Industrial Development Agency, RB, Special Needs Facilities Pooled Program, Series C-1, 6.50%, 7/01/17 |
|
|
890 |
|
|
768,328 |
|
|
|
|
New York City Transitional Finance Authority, RB, Fiscal 2009, Series S-3, 5.25%, 1/15/39 |
|
|
6,700 |
|
|
6,689,816 |
|
|
|
|
Westchester County Industrial Development Agency, New York, RB, Mortgage, Kendal On Hudson Project, Series A, 6.50%, 1/01/13 (c) |
|
|
2,690 |
|
|
3,129,438 |
|
|
|
|
Westchester County Industrial Development Agency, New York, RB, Special Needs Facilities Pooled Program, Series E-1, 6.50%, 7/01/17 |
|
|
1,000 |
|
|
863,290 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
24,098,740 |
|
|
|
|||||||||
|
North Carolina - 0.9% |
|
Gaston County Industrial Facilities & Pollution Control Financing Authority, North Carolina, RB, Exempt Facilities, National Gypsum Co. Project, AMT, 5.75%, 8/01/35 |
|
|
1,675 |
|
|
939,122 |
|
|
|
|
North Carolina Medical Care Commission, North Carolina, RB, Carolina Village Project, 6.00%, 4/01/38 |
|
|
2,000 |
|
|
1,417,240 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,356,362 |
|
|
|
|||||||||
|
Ohio - 3.1% |
|
Buckeye Tobacco Settlement Financing Authority, RB, Asset-Backed, Senior, Turbo, Series A-2, 6.50%, 6/01/47 |
|
|
12,500 |
|
|
7,950,125 |
|
|
|
|||||||||
|
Pennsylvania - 4.9% |
|
Bucks County IDA, RB, Ann’s Choice Inc. Facilities, Series A, 6.13%, 1/01/25 |
|
|
880 |
|
|
718,441 |
|
|
|
|
Lancaster County Hospital Authority, RB, Brethren Village Project, Series A, 6.50%, 7/01/40 |
|
|
2,000 |
|
|
1,788,940 |
|
5
|
|
|
|
BlackRock MuniVest Fund II, Inc. |
|
|
|
|
|
Schedule of Investments July 31, 2009 (Unaudited) |
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
State |
|
Municipal Bonds |
|
Par |
|
Value |
|
||
|
|
|||||||||
|
|
|
Montgomery County IDA, Pennsylvania, RB, Mortgage, Whitemarsh Continuing Care, 6.13%, 2/01/28 |
|
$ |
470 |
|
$ |
315,779 |
|
|
|
|
Montgomery County IDA, Pennsylvania, RB, Mortgage, Whitemarsh Continuing Care, 6.25%, 2/01/35 |
|
|
1,090 |
|
|
710,974 |
|
|
|
|
Pennsylvania Economic Development Financing Authority, RB, National Gypsum Co., Series B, AMT, 6.13%, 11/01/27 |
|
|
2,000 |
|
|
1,121,980 |
|
|
|
|
Pennsylvania Turnpike Commission, RB, Sub-Series B, 5.25%, 6/01/39 |
|
|
6,915 |
|
|
6,680,097 |
|
|
|
|
Philadelphia Authority for Industrial Development, RB, Commercial Development, AMT, 7.75%, 12/01/17 |
|
|
1,265 |
|
|
1,090,329 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
12,426,540 |
|
|
|
|||||||||
|
Puerto Rico - 1.8% |
|
Puerto Rico Sales Tax Financing Corp., RB, First Sub-Series A, 6.50%, 8/01/44 |
|
|
4,255 |
|
|
4,455,623 |
|
|
|
|||||||||
|
Rhode Island - 0.5% |
|
Rhode Island Health & Educational Building Corp., RB, Hospital Financing, Lifespan Obligation Group, 6.50%, 8/15/12 (c) |
|
|
1,140 |
|
|
1,310,533 |
|
|
|
|||||||||
|
Tennessee - 0.5% |
|
Johnson City Health & Educational Facilities Board, RB, Appalachian Christian Village Project, Series A, 6.00%, 2/15/24 |
|
|
1,000 |
|
|
797,060 |
|
|
|
|
Shelby County Health Educational & Housing Facilities Board, RB, Refunded Balance, Methodist Health, 6.50%, 9/01/12 (c) |
|
|
425 |
|
|
491,674 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,288,734 |
|
|
|
|||||||||
|
Texas - 11.1% |
|
Brazos River Authority, Refunding RB, TXU Electric Co. Project, Series C, AMT, 5.75%, 5/01/36 |
|
|
2,740 |
|
|
2,124,130 |
|
|
|
|
Brazos River Authority, Refunding RB, Texas Utility Co., Series A, Remarketed, AMT, 7.70%, 4/01/33 |
|
|
1,500 |
|
|
705,015 |
|
|
|
|
Brazos River Harbor Navigation District, RB, Dow Chemical Co.Project, Series A-7, AMT, 6.63%, 5/15/33 |
|
|
5,800 |
|
|
5,254,684 |
|
|
|
|
City of Houston Texas, RB, Special Facilities, Continental, Series E, AMT, 6.75%, 7/01/21 |
|
|
4,820 |
|
|
3,774,928 |
|
|
|
|
Dallas-Fort Worth International Airport Facilities Improvement Corp., RB, Joint, Series B (MBIA), AMT, 6.25%, 11/01/28 |
|
|
4,500 |
|
|
4,505,490 |
|
|
|
|
Dallas-Fort Worth International Airport Facilities Improvement Corp., RB, Joint, Series C (MBIA), AMT, 6.25%, 11/01/28 |
|
|
3,450 |
|
|
3,454,209 |
|
|
|
|
Dallas-Fort Worth International Airport Facilities Improvement Corp., Refunding RB, Joint, Sub-Series A-2, Remarketed (MBIA), AMT, 6.10%, 11/01/24 |
|
|
1,500 |
|
|
1,501,035 |
|
|
|
|
Guadalupe-Blanco River Authority, RB, E.I. du Pont de Nemours & Co. Project, AMT, 6.40%, 4/01/26 |
|
|
2,250 |
|
|
2,250,045 |
|
|
|
|
Harris County Health Facilities Development Corp., Refunding RB, Memorial Hermann Healthcare System, Series B, 7.25%, 12/01/35 |
|
|
2,000 |
|
|
2,160,140 |
|
|
|
|
Port of Corpus Christi Authority of Nueces County Texas, RB, Celanese Project, Series A, 6.45%, 11/01/30 |
|
|
800 |
|
|
608,104 |
|
|
|
|
Port of Corpus Christi Authority of Nueces County Texas, RB, Celanese Project, Series B, AMT, 6.70%, 11/01/30 |
|
|
2,500 |
|
|
1,847,275 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
28,185,055 |
|
|
|
|||||||||
|
U.S. Virgin Islands - 2.3% |
|
United States Virgin Islands, RB, Senior Secured, Hovensa Coker Project, AMT, 6.50%, 7/01/21 |
|
|
6,000 |
|
|
5,931,120 |
|
|
|
|||||||||
|
Virginia - 1.3% |
|
Fairfax County EDA, RB, Goodwin House Inc, 5.13%, 10/01/37 |
|
|
1,000 |
|
|
774,630 |
|
|
|
|
Fairfax County EDA, RB, Goodwin House Inc, 5.13%, 10/01/42 |
|
|
3,440 |
|
|
2,601,741 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,376,371 |
|
|
|
|||||||||
6
|
|
|
|
BlackRock MuniVest Fund II, Inc. |
|
|
|
|
|
Schedule of Investments July 31, 2009 (Unaudited) |
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
State |
|
Municipal Bonds |
|
Par |
|
Value |
|
||
|
|
|||||||||
|
Washington - 5.4% |
|
Energy Northwest, Refunding RB, Columbia Generating, Series A (MBIA), 5.75%, 7/01/18 |
|
$ |
1,000 |
|
$ |
1,095,430 |
|
|
|
|
Energy Northwest, Refunding RB, Series B, 7.13%, 7/01/16 |
|
|
5,000 |
|
|
6,325,900 |
|
|
|
|
Energy Northwest, Refunding RB, Series B (MBIA), 7.13%, 7/01/16 |
|
|
1,900 |
|
|
2,397,040 |
|
|
|
|
Washington Health Care Facilities Authority, Washington, RB, Catholic Health Initiatives, D, 6.38%, 10/01/36 |
|
|
3,700 |
|
|
3,905,757 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
13,724,127 |
|
|
|
|||||||||
|
Wisconsin - 4.9% |
|
State of Wisconsin, RB, Series A, 6.00%, 5/01/36 |
|
|
7,100 |
|
|
7,551,773 |
|
|
|
|
Wisconsin Health & Educational Facilities Authority, RB, SynergyHealth Inc, 6.00%, 11/15/32 |
|
|
2,215 |
|
|
2,244,770 |
|
|
|
|
Wisconsin Housing & EDA, Wisconsin, RB, Series A, AMT, 5.63%, 3/01/31 |
|
|
2,770 |
|
|
2,783,241 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
12,579,784 |
|
|
|
|||||||||
|
|
|
Total Municipal Bonds - 132.4% |
|
|
|
|
|
337,503,823 |
|
|
|
|||||||||
|
|
|
Municipal Bonds Transferred to Tender Option Bond Trusts (e) |
|
|
|
|
|
|
|
|
|
|||||||||
|
California - 2.3% |
|
California Educational Facilities Authority, RB, University Southern California, Series A, 5.25%, 10/01/39 |
|
|
2,610 |
|
|
2,690,231 |
|
|
|
|
Los Angeles Community College District, California, GO, Election 2001, Series A (FSA), 5.00%, 8/01/32 |
|
|
2,290 |
|
|
2,190,500 |
|
|
|
|
San Diego Community College District, California, GO, Election of 2002, 5.25%, 8/01/33 |
|
|
1,077 |
|
|
1,094,473 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5,975,204 |
|
|
|
|||||||||
|
Connecticut - 2.4% |
|
Connecticut State Health & Educational Facility Authority, RB, Yale University, Series Z3, 5.05%, 7/01/42 |
|
|
6,000 |
|
|
6,121,320 |
|
|
|
|||||||||
|
Illinois - 6.8% |
|
City of Chicago, Illinois, Refunding RB, Second Lien (FSA), 5.25%, 11/01/33 |
|
|
1,320 |
|
|
1,336,843 |
|
|
|
|
Illinois State Toll Highway Authority, RB, Series B, 5.50%, 1/01/33 |
|
|
2,999 |
|
|
3,137,000 |
|
|
|
|
Kane & De Kalb Counties Community Unit School District No. 302, Illinois, GO, School (FGIC), 5.75%, 2/01/19 |
|
|
1,000 |
|
|
1,175,740 |
|
|
|
|
Kane & De Kalb Counties Community Unit School District No. 302, Illinois, GO, School (FGIC), 5.75%, 2/01/20 |
|
|
4,200 |
|
|
4,938,108 |
|
|
|
|
Metropolitan Pier & Exposition Authority, Illinois, Refunding RB, McCormick Place Expansion, Series B (MBIA), 5.75%, 6/15/23 |
|
|
6,400 |
|
|
6,748,224 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
17,335,915 |
|
|
|
|||||||||
|
Maryland - 0.9% |
|
Maryland State Transportation Authority, RB, Transit Facility Project (FSA), 5.00%, 7/01/41 |
|
|
2,290 |
|
|
2,321,144 |
|
|
|
|||||||||
|
Massachusetts - 4.0% |
|
Massachusetts School Building Authority, RB, Series A (FSA), 5.00%, 8/15/30 |
|
|
10,000 |
|
|
10,150,700 |
|
|
|
|||||||||
|
New Hampshire - 0.8% |
|
New Hampshire Health & Education Facilities Authority, RB, Dartmouth College, 5.25%, 6/01/39 |
|
|
2,009 |
|
|
2,093,495 |
|
|
|
|||||||||
|
New York - 3.1% |
|
New York City Municipal Water Finance Authority, RB, Series FF-2, 5.50%, 6/15/40 |
|
|
1,575 |
|
|
1,654,652 |
|
|
|
|
New York City Municipal Water Finance Authority, Refunding RB, Series DD, 5.00%, 6/15/37 |
|
|
6,299 |
|
|
6,279,875 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7,934,527 |
|
|
|
|||||||||
7
|
|
|
|
BlackRock MuniVest Fund II, Inc. |
|
|
|
|
|
Schedule of Investments July 31, 2009 (Unaudited) |
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
State |
|
Municipal
Bonds Transferred to |
|
Par |
|
Value |
|
||
|
|
|||||||||
|
North Carolina - 2.5% |
|
North Carolina Capital Facilities Finance Agency, Refunding RB, Duke University Project, Series A, 5.00%, 10/01/41 |
|
$ |
6,239 |
|
$ |
6,279,858 |
|
|
|
|||||||||
|
Ohio - 0.9% |
|
Ohio State Higher Educational Facility Commission, Refunding RB, Hospital, Cleveland Clinic, Series A, 5.25%, 1/01/33 |
|
|
2,400 |
|
|
2,407,992 |
|
|
|
|||||||||
|
South Carolina - 2.1% |
|
South Carolina State Public Service Authority, RB, Santee Cooper Series A, 5.50%, 1/01/38 |
|
|
4,995 |
|
|
5,253,341 |
|
|
|
|||||||||
|
Texas - 7.4% |
|
Harris County Health Facilities Development Corp., Refunding RB, School Health Care System, Series B, 5.75%, 7/01/27 (d) |
|
|
10,000 |
|
|
11,385,700 |
|
|
|
|
Texas State University Systems, Refunding RB (FSA), 5.00%, 3/15/30 |
|
|
2,743 |
|
|
2,781,826 |
|
|
|
|
Texas Department of Housing & Community Affairs, RB, Mortgage, Series B (GNMA), AMT, 5.25%, 9/01/32 |
|
|
4,922 |
|
|
4,718,432 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
18,885,958 |
|
|
|
|||||||||
|
Washington - 8.1% |
|
Central Puget Sound Regional Transportation Authority, Washington, RB, Series A, 5.00%, 11/01/36 |
|
|
4,000 |
|
|
3,999,400 |
|
|
|
|
Central Puget Sound Regional Transportation Authority, Washington, RB, Series A (FSA), 5.00%, 11/01/32 |
|
|
7,693 |
|
|
7,744,546 |
|
|
|
|
Central Puget Sound Regional Transportation Authority, Washington, RB, Series A (FSA), 5.00%, 11/01/34 |
|
|
5,000 |
|
|
4,999,250 |
|
|
|
|
Energy Northwest, Refunding RB, Columbia Generating, Series A (MBIA), 5.75%, 7/01/18 |
|
|
3,500 |
|
|
3,834,005 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
20,577,201 |
|
|
|
|||||||||
|
|
|
Total Municipal Bonds Transferred to Tender Option Bond Trusts - 41.3% |
|
|
|
|
|
105,336,656 |
|
|
|
|||||||||
|
|
|
Total
Long-Term Investments |
|
|
|
|
|
442,840,479 |
|
|
|
|||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Short-Term Securities |
|
|
|
|
|
|
|
|
|
|||||||||
|
California - 1.2% |
|
State of California, TECP, 4.00%, 8/05/09 |
|
|
3,000 |
|
|
3,000,000 |
|
|
|
|||||||||
|
|
|
|
|
|
Shares |
|
|
|
|
|
|
|||||||||
|
Money Market Fund - 0.0% |
|
FFI Institutional Tax-Exempt Fund, 0.42% (f) |
|
|
100,000 |
|
|
100,000 |
|
|
|
|||||||||
|
|
|
Total
Short-Term Securities |
|
|
|
|
|
3,100,000 |
|
|
|
|||||||||
|
|
|
Total Investments (Cost - $463,081,850*) - 174.9% |
|
|
|
|
|
445,940,479 |
|
|
|
|
Other Assets Less Liabilities - 1.8% |
|
|
|
|
|
4,612,769 |
|
|
|
|
Liability for Trust Certificates, Including Interest Expense and Fees Payable - (21.8)% |
|
|
|
|
|
(55,611,170 |
) |
|
|
|
Preferred Shares, at Redemption Value - (54.9)% |
|
|
|
|
|
(140,022,227 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Assets Applicable to Common Shares - 100.0% |
|
|
|
|
$ |
254,919,851 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
* |
The cost and unrealized depreciation of investments as of July 31, 2009, as computed for federal income tax purposes, were as follows: |
|
|
|
|
|
|
|
Aggregate cost |
|
$ |
403,919,927 |
|
|
|
|
|
|
|
|
Gross unrealized appreciation |
|
$ |
20,998,884 |
|
|
Gross unrealized depreciation |
|
|
(34,539,618 |
) |
|
|
|
|
|
|
|
Net unrealized depreciation |
|
$ |
(13,540,734 |
) |
|
|
|
|
|
|
8
|
|
|
BlackRock MuniVest Fund II, Inc. |
|
|
|
Schedule of Investments July 31, 2009 (Unaudited) |
|
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|
|
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|
(a) |
Non-income producing security. |
|
|
|
|
(b) |
Issuer filed for bankruptcy and/or is in default of interest payments. |
|
|
|
|
(c) |
US 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) |
Security is collateralized by Municipal or US Treasury Obligations. |
|
|
|
|
(e) |
Securities represent bonds transferred to a tender option bond trust in exchange for which the Fund acquired the residual interest certificates. These securities serve as collateral in a financing transaction. |
|
|
|
|
(f) |
Investments in companies considered to be an affiliate of the Fund, for purposes of Section 2(a)(3) of the Investment Company Act of 1940, were as follows: |
|
|
|
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Affiliate |
|
Net |
|
Income |
|
||
|
|
|
|
|
|
|
|
|
|
FFI Institutional Tax-Exempt Fund |
|
100,000 |
|
$ |
2,267 |
|
|
|
|
|
|
|
|
|
|
|
9
|
|
|
|
BlackRock MuniVest Fund II, Inc. |
|
|
|
|
|
Schedule of Investments July 31, 2009 (Unaudited) |
(Percentages shown are based on Net Assets) |
|
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|
|
|
|
|
|
• |
Financial Accounting Standards Board Statement of Financial Accounting Standards No. 157, “Fair Value Measurements” clarifies the definition of fair value, establishes a framework for measuring fair values and requires additional disclosures about the use of fair value measurements. Various inputs are used in determining the fair value of investments, which are as follows: |
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|
|
|
|
|
• |
Level 1 - price quotations in active markets/exchanges for identical securities |
|
|
|
|
|
|
• |
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) |
|
|
|
|
|
|
The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For information about the Fund’s policy regarding valuation of investments and other significant accounting policies, please refer to the Fund’s most recent financial statements as contained in its annual report. |
|
The following table summarizes the inputs used as of July 31, 2009 in determining the fair valuation of the Fund’s investments:
|
|
|
|
|
|
|
|
|
|
|
|
|
Valuation |
|
Investments in |
|
|
|
|
|
|
|
|
|
|
|
Assets |
|
|
|
|
|
|
|
|
|
Level 1 - Short-Term Securities |
|
$ |
100,000 |
|
|
Level 2 |
|
|
|
|
|
Long-Term Investments1 |
|
|
442,840,479 |
|
|
Short-Term Securities |
|
|
3,000,000 |
|
|
|
|
|
|
|
|
Total Level 2 |
|
|
445,840,479 |
|
|
|
|
|
|
|
|
Level 3 |
|
|
— |
|
|
|
|
|
|
|
|
Total |
|
$ |
445,940,479 |
|
|
|
|
|
|
|
1 See above Schedule of Investments for values in each state or political classification.
10
|
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 13(a)-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/ Anne F. Ackerley | ||
| Anne F. Ackerley | |||
| Chief Executive Officer of | |||
| BlackRock MuniVest Fund II, Inc. | |||
| Date: September 22, 2009 | |||
| 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/ Anne F. Ackerley | ||
| Anne F. Ackerley | |||
| Chief Executive Officer (principal executive officer) of | |||
| BlackRock MuniVest Fund II, Inc. | |||
| Date: September 22, 2009 | |||
|
By: |
/s/ Neal J. Andrews | ||
| Neal J. Andrews | |||
| Chief Financial Officer (principal financial officer) of | |||
| BlackRock MuniVest Fund II, Inc. | |||
| Date: September 22, 2009 | |||