Schedule of Investments (unaudited) April 30, 2023 | BlackRock MuniHoldings Fund, Inc. (MHD) (Percentages shown are based on Net Assets) |
Security | Par (000) | Value | ||||||
Municipal Bonds | ||||||||
Alabama — 2.4% | ||||||||
Black Belt Energy Gas District, RB(a) | ||||||||
Series A, 4.00%, 12/01/52 | $ | 6,035 | $ | 5,812,315 | ||||
Series F, 5.50%, 11/01/53 | 1,115 | 1,182,751 | ||||||
County of Jefferson Alabama Sewer Revenue, Refunding RB | ||||||||
Series A, Senior Lien, (AGM), 5.00%, 10/01/44 | 570 | 579,540 | ||||||
Series A, Senior Lien, (AGM), 5.25%, 10/01/48 | 1,090 | 1,116,151 | ||||||
Series D, Sub Lien, 6.00%, 10/01/42 | 2,875 | 3,041,221 | ||||||
Series D, Sub Lien, 7.00%, 10/01/51 | 1,545 | 1,641,243 | ||||||
Health Care Authority of the City of Huntsville, RB, Series B1, (AGM), 3.00%, 06/01/50 | 865 | 644,794 | ||||||
Opelika Utilities Board, Refunding RB, 4.00%, 06/01/41 | 960 | 961,289 | ||||||
Southeast Energy Authority A Cooperative District, RB, Series A-1, 5.50%, 01/01/53(a) | 1,890 | 2,040,021 | ||||||
|
| |||||||
17,019,325 | ||||||||
Arizona — 2.8% | ||||||||
Arizona Industrial Development Authority, RB | ||||||||
4.38%, 07/01/39(b) | 575 | 507,096 | ||||||
Series A, (BAM), 4.00%, 06/01/44 | 425 | 416,438 | ||||||
Series A, 5.00%, 07/01/49(b) | 550 | 495,202 | ||||||
Series A, 5.00%, 07/01/54(b) | 425 | 376,732 | ||||||
Arizona Industrial Development Authority, Refunding RB(b) | ||||||||
Series A, 5.50%, 07/01/52 | 130 | 125,521 | ||||||
Series G, 5.00%, 07/01/47 | 435 | 393,323 | ||||||
Glendale Industrial Development Authority, RB, 5.00%, 05/15/56 | 640 | 541,846 | ||||||
Industrial Development Authority of the City of Phoenix Arizona, RB, | 2,120 | 1,916,639 | ||||||
Industrial Development Authority of the County of Pima, RB, 5.00%, 07/01/34(b) | 400 | 394,336 | ||||||
Industrial Development Authority of the County of Pima, Refunding RB, 5.00%, 06/15/49(b) | 300 | 262,574 | ||||||
Maricopa County Industrial Development Authority, RB, Series A, 4.00%, 01/01/44 | 2,030 | 1,951,979 | ||||||
Maricopa County Industrial Development Authority, Refunding RB | ||||||||
5.00%, 07/01/54(b) | 490 | 430,200 | ||||||
Series A, 4.13%, 09/01/38 | 775 | 779,367 | ||||||
Maricopa County Pollution Control Corp., Refunding RB, Series B, 3.60%, 04/01/40 | 1,400 | 1,227,194 | ||||||
Salt Verde Financial Corp., RB | ||||||||
5.00%, 12/01/32 | 3,500 | 3,716,685 | ||||||
5.00%, 12/01/37 | 6,645 | 6,911,498 | ||||||
|
| |||||||
20,446,630 | ||||||||
Arkansas — 1.1% | ||||||||
Arkansas Development Finance Authority, RB(b) | ||||||||
Series A, AMT, 4.50%, 09/01/49 | 380 | 339,855 | ||||||
Series A, AMT, 4.75%, 09/01/49 | 4,235 | 3,891,812 | ||||||
City of Benton Arkansas, RB, (AGM), | 505 | 495,277 | ||||||
City of Fort Smith Arkansas Water & Sewer Revenue, Refunding RB, Subordinate, 4.00%, 10/01/40 | 840 | 821,677 |
Security | Par (000) | Value | ||||||
Arkansas (continued) | ||||||||
City of Little Rock Arkansas, RB, 4.00%, 07/01/41 | $ | 1,835 | $ | 1,806,732 | ||||
Pulaski County Public Facilities Board, RB, 5.00%, 12/01/42 | 465 | 471,741 | ||||||
|
| |||||||
7,827,094 | ||||||||
California — 11.0% | ||||||||
Bay Area Toll Authority, Refunding RB, 4.00%, 04/01/47 | 3,895 | 3,873,410 | ||||||
California Enterprise Development Authority, RB, 8.00%, 11/15/62(b) | 1,025 | 1,016,429 | ||||||
California Health Facilities Financing Authority, Refunding RB | ||||||||
Series A, 5.00%, 07/01/23(c) | 1,320 | 1,324,140 | ||||||
Series A, 4.00%, 08/15/48 | 4,675 | 4,537,083 | ||||||
California Municipal Finance Authority, ARB, AMT, Senior Lien, 5.00%, 12/31/43 | 800 | 809,784 | ||||||
California Municipal Finance Authority, RB, S/F Housing | ||||||||
Series A, 5.25%, 08/15/39 | 185 | 186,377 | ||||||
Series A, 5.25%, 08/15/49 | 460 | 462,795 | ||||||
California Pollution Control Financing Authority, RB, Series A, AMT, 5.00%, 11/21/45(b) | 1,755 | 1,754,874 | ||||||
California State Public Works Board, RB | ||||||||
Series F, 5.25%, 09/01/33 | 1,230 | 1,239,348 | ||||||
Series I, 5.50%, 11/01/30 | 2,500 | 2,533,390 | ||||||
Series I, 5.00%, 11/01/38 | 955 | 965,321 | ||||||
California Statewide Communities Development Authority, Refunding RB | ||||||||
4.00%, 03/01/42 | 1,000 | 937,457 | ||||||
4.00%, 03/01/48 | 1,345 | 1,195,810 | ||||||
Carlsbad Unified School District, GO, Series B, 6.00%, 05/01/34 | 1,000 | 1,027,569 | ||||||
City of Los Angeles Department of Airports, ARB, Series A, AMT, 4.00%, 05/15/42 | 3,700 | 3,584,712 | ||||||
City of Los Angeles Department of Airports, Refunding ARB | ||||||||
AMT, Subordinate, 5.00%, 05/15/46 | 830 | 880,743 | ||||||
Series D, AMT, Subordinate, 4.00%, 05/15/51 | 1,755 | 1,648,945 | ||||||
CMFA Special Finance Agency XII, RB, M/F Housing, Series A, 3.25%, 02/01/57(b) | 655 | 453,030 | ||||||
CSCDA Community Improvement Authority, RB, M/F Housing(b) | ||||||||
4.00%, 10/01/56 | 305 | 247,303 | ||||||
4.00%, 12/01/56 | 440 | 315,779 | ||||||
Series A, 4.00%, 06/01/58 | 1,860 | 1,451,386 | ||||||
Senior Lien, 3.13%, 06/01/57 | 1,595 | 1,096,803 | ||||||
Series A, Senior Lien, 4.00%, 12/01/58 | 845 | 653,916 | ||||||
Glendale Community College District, GO, Series D, 7.00%, 08/01/34 | 1,650 | 1,929,205 | ||||||
Kern Community College District, GO, Series C, 5.50%, 11/01/23(c) | 2,445 | 2,473,528 | ||||||
Norwalk-La Mirada Unified School District, Refunding GO, Series E, Election 2002, (AGC), 0.00%, 08/01/38(d) | 8,000 | 4,377,424 | ||||||
Palomar Community College District, GO | ||||||||
Series B, Convertible, 6.20%, 08/01/39(e) | 2,605 | 2,784,646 | ||||||
Series B, Election 2006, 0.00%, 08/01/30(d) | 1,500 | 1,224,952 | ||||||
Regents of the University of California Medical Center Pooled Revenue, Refunding RB, Series J, 5.25%, 05/15/23(c) | 6,425 | 6,429,645 |
1 |
Schedule of Investments (unaudited) (continued) April 30, 2023 | BlackRock MuniHoldings Fund, Inc. (MHD) (Percentages shown are based on Net Assets) |
Security | Par (000) | Value | ||||||
California (continued) | ||||||||
Riverside County Redevelopment Successor Agency, Refunding TA, Series A, (BAM), 4.00%, 10/01/39 | $ | 1,100 | $ | 1,103,264 | ||||
Sacramento Area Flood Control Agency, Refunding SAB | ||||||||
5.00%, 10/01/43 | 2,770 | 2,894,387 | ||||||
5.00%, 10/01/47 | 8,385 | 8,715,268 | ||||||
San Diego Community College District, GO, Election 2002, 6.00%, 08/01/27(c) | 2,800 | 3,211,799 | ||||||
San Diego County Regional Airport Authority, ARB | ||||||||
Series B, AMT, 5.00%, 07/01/42 | 1,515 | 1,570,255 | ||||||
Series B, AMT, Subordinate, 5.00%, 07/01/51 | 1,080 | 1,127,505 | ||||||
San Diego Unified School District, GO(d) | ||||||||
Class A, 0.00%, 07/01/29 | 2,930 | 2,492,903 | ||||||
Class A, 0.00%, 07/01/29(f) | 2,385 | 1,977,182 | ||||||
Series A, 0.00%, 07/01/29(f) | 685 | 567,870 | ||||||
San Francisco City & County Airport Comm-San Francisco International Airport, Refunding ARB | ||||||||
Series A, AMT, 5.50%, 05/01/28 | 1,085 | 1,086,689 | ||||||
Series A, AMT, 5.25%, 05/01/33 | 850 | 851,210 | ||||||
Series A, AMT, 5.00%, 05/01/44 | 1,090 | 1,091,876 | ||||||
Stockton Public Financing Authority, RB, Series A, 6.25%, 10/01/23(c) | 440 | 445,772 | ||||||
Washington Township Health Care District, GO, Series B, Election 2004, 5.50%, 08/01/40 | 920 | 944,501 | ||||||
|
| |||||||
79,496,285 | ||||||||
Colorado — 5.0% | ||||||||
Board of Governors of Colorado State University System, Refunding RB, Series C, 4.00%, 03/01/47 | 5,650 | 5,576,318 | ||||||
City & County of Denver Colorado Airport System Revenue, ARB | ||||||||
Series B, 5.25%, 11/15/32 | 3,250 | 3,287,736 | ||||||
Series A, AMT, 5.50%, 11/15/28 | 1,000 | 1,009,891 | ||||||
Series A, AMT, 5.50%, 11/15/30 | 340 | 343,410 | ||||||
Series A, AMT, 5.50%, 11/15/31 | 405 | 409,090 | ||||||
City & County of Denver Colorado Airport System Revenue, Refunding ARB | ||||||||
Series A, AMT, 5.25%, 12/01/43 | 1,905 | 1,993,571 | ||||||
Series A, AMT, 5.50%, 11/15/53 | 4,755 | 5,190,791 | ||||||
Series D, AMT, 5.75%, 11/15/45 | 1,160 | 1,309,742 | ||||||
City & County of Denver Colorado Pledged Excise Tax Revenue, RB, CAB(d) | ||||||||
Series A-2, 0.00%, 08/01/37 | 1,490 | 824,824 | ||||||
Series A-2, 0.00%, 08/01/38 | 915 | 463,926 | ||||||
Colorado Educational & Cultural Facilities Authority, RB | ||||||||
5.50%, 07/01/40 | 2,510 | 2,513,805 | ||||||
5.00%, 03/01/50(b) | 360 | 339,232 | ||||||
Colorado Educational & Cultural Facilities Authority, Refunding RB, Class A, 5.00%, 10/01/59(b) | 1,690 | 1,494,448 | ||||||
Colorado Health Facilities Authority, RB | ||||||||
5.50%, 11/01/47 | 480 | 515,560 | ||||||
5.25%, 11/01/52 | 1,000 | 1,050,726 | ||||||
Colorado Health Facilities Authority, Refunding RB | ||||||||
Series A, 4.00%, 08/01/44 | 1,065 | 998,878 | ||||||
Series A, 4.00%, 11/15/46 | 1,610 | 1,525,844 | ||||||
Series A, 4.00%, 08/01/49 | 1,950 | 1,756,541 | ||||||
Series A, 4.00%, 11/15/50 | 1,480 | 1,379,690 |
Security | Par (000) | Value | ||||||
Colorado (continued) | ||||||||
Colorado Health Facilities Authority, Refunding RB (continued) | ||||||||
Series A, 5.00%, 05/15/52 | $ | 3,210 | $ | 3,432,488 | ||||
Denver International Business Center Metropolitan District No. 1, GO, Series A, 4.00%, 12/01/48 | 555 | 478,288 | ||||||
|
| |||||||
35,894,799 | ||||||||
Connecticut — 0.3% | ||||||||
State of Connecticut, GO, Series A, 4.00%, 01/15/37 | 1,985 | 2,045,370 | ||||||
|
| |||||||
Delaware — 1.4% | ||||||||
County of Kent Delaware, RB | ||||||||
Series A, 5.00%, 07/01/40 | 330 | 319,338 | ||||||
Series A, 5.00%, 07/01/48 | 900 | 827,322 | ||||||
Delaware State Health Facilities Authority, RB, 5.00%, 06/01/48 | 2,180 | 2,250,457 | ||||||
Delaware State Health Facilities Authority, Refunding RB, 4.00%, 10/01/49 | 4,895 | 4,597,149 | ||||||
Delaware Transportation Authority, RB, 5.00%, 06/01/55 | 1,790 | 1,829,051 | ||||||
|
| |||||||
9,823,317 | ||||||||
District of Columbia — 3.5% | ||||||||
District of Columbia, Refunding RB, 5.00%, 10/01/48 | 1,695 | 1,731,898 | ||||||
District of Columbia, TA, 5.13%, 06/01/41 | 1,520 | 1,522,760 | ||||||
Metropolitan Washington Airports Authority Aviation Revenue, Refunding ARB, Series A, AMT, 4.00%, 10/01/39 | 1,060 | 1,049,203 | ||||||
Metropolitan Washington Airports Authority Dulles Toll Road Revenue, Refunding RB | ||||||||
Series B, 2nd Senior Lien, (AGC), | 10,170 | 6,740,635 | ||||||
Series B, 2nd Senior Lien, (AGC), | 13,485 | 8,408,815 | ||||||
Series B, Subordinate, 4.00%, 10/01/49 | 2,000 | 1,877,702 | ||||||
Washington Metropolitan Area Transit Authority Dedicated Revenue, RB | ||||||||
Series A, 5.00%, 07/15/45 | 3,000 | 3,274,119 | ||||||
Series A, 4.00%, 07/15/46 | 875 | 865,396 | ||||||
|
| |||||||
25,470,528 | ||||||||
Florida — 8.5% | ||||||||
Broward County Florida Water & Sewer Utility Revenue, RB, Series A, 4.00%, 10/01/45 | 585 | 576,949 | ||||||
Capital Trust Agency, Inc., RB | ||||||||
5.00%, 01/01/55(b) | 305 | 232,500 | ||||||
Series A, 5.00%, 06/01/45(b) | 480 | 416,220 | ||||||
Series A, 5.00%, 12/15/49 | 160 | 152,869 | ||||||
Series A, 5.00%, 12/15/54 | 140 | 133,330 | ||||||
Series A, 5.50%, 06/01/57(b) | 170 | 150,460 | ||||||
Central Florida Expressway Authority, Refunding RB, Senior Lien, 5.00%, 07/01/48 | 2,760 | 2,898,867 | ||||||
City of South Miami Health Facilities Authority, Inc., Refunding RB, 5.00%, 08/15/42 | 1,290 | 1,327,086 | ||||||
City of Tampa Florida, RB, CAB(d) | ||||||||
Series A, 0.00%, 09/01/49 | 285 | 74,909 | ||||||
Series A, 0.00%, 09/01/53 | 300 | 62,632 | ||||||
Collier County Health Facilities Authority, Refunding RB, Series A, 5.00%, 05/01/45 | 1,755 | 1,763,556 | ||||||
County of Broward Florida Airport System Revenue, ARB | ||||||||
Series A, AMT, 5.00%, 10/01/45 | 2,845 | 2,881,962 | ||||||
Series A, AMT, 5.00%, 10/01/49 | 1,000 | 1,032,285 |
SCHEDULE OF INVESTMENTS | 2 |
Schedule of Investments (unaudited) (continued) April 30, 2023 | BlackRock MuniHoldings Fund, Inc. (MHD) (Percentages shown are based on Net Assets) |
Security | Par (000) | Value | ||||||
Florida (continued) | ||||||||
County of Lee Florida Airport Revenue, ARB, Series B, AMT, 5.00%, 10/01/46 | $ | 2,405 | $ | 2,510,151 | ||||
County of Miami-Dade Seaport Department, ARB(c) | �� | |||||||
Series A, 5.38%, 10/01/23 | 1,015 | 1,023,757 | ||||||
Series A, 6.00%, 10/01/23 | 5,215 | 5,273,272 | ||||||
Series B, AMT, 6.00%, 10/01/23 | 4,750 | 4,794,218 | ||||||
Series B, AMT, 6.25%, 10/01/23 | 460 | 464,749 | ||||||
County of Miami-Dade Seaport Department, Refunding RB | ||||||||
Series A, AMT, 5.00%, 10/01/47 | 12,415 | 12,964,687 | ||||||
Series A, AMT, 5.25%, 10/01/52 | 1,285 | 1,366,486 | ||||||
Series A-1, AMT, (AGM), 4.00%, 10/01/45 | 2,180 | 2,049,972 | ||||||
County of Osceola Florida Transportation Revenue, Refunding RB, CAB(d) | ||||||||
Series A-2, 0.00%, 10/01/41 | 275 | 103,066 | ||||||
Series A-2, 0.00%, 10/01/42 | 370 | 125,987 | ||||||
Series A-2, 0.00%, 10/01/46 | 885 | 240,528 | ||||||
Series A-2, 0.00%, 10/01/47 | 1,040 | 265,821 | ||||||
Series A-2, 0.00%, 10/01/48 | 575 | 138,210 | ||||||
Series A-2, 0.00%, 10/01/49 | 355 | 80,228 | ||||||
County of Pasco Florida, RB, (AGM), | 500 | 552,154 | ||||||
Cypress Bluff Community Development District, SAB, Series A, 3.80%, 05/01/50(b) | 430 | 311,401 | ||||||
Esplanade Lake Club Community Development District, SAB, Series A-1, 4.13%, 11/01/50 | 615 | 501,840 | ||||||
Florida Development Finance Corp., RB | ||||||||
6.50%, 06/30/57(b) | 925 | 914,868 | ||||||
Series A, 5.00%, 06/15/56 | 75 | 72,597 | ||||||
AMT, 5.00%, 05/01/29(b) | 270 | 252,692 | ||||||
Florida Development Finance Corp., Refunding RB, Series C, 5.00%, 09/15/50(b) | 270 | 217,615 | ||||||
Hillsborough County Aviation Authority, ARB, AMT, 5.00%, 10/01/48 | 1,730 | 1,762,514 | ||||||
Hillsborough County Aviation Authority, Refunding RB, Sub-Series A, AMT, 5.50%, 10/01/23(c) | 1,735 | 1,747,627 | ||||||
Lee County Housing Finance Authority, RB, S/F Housing, Series A-2, AMT, (FHLMC, FNMA, GNMA), 6.00%, 09/01/40 | 20 | 20,024 | ||||||
Miami-Dade County Educational Facilities Authority, Refunding RB, Series A, 5.00%, 04/01/40 | 3,465 | 3,535,416 | ||||||
Orange County Health Facilities Authority, RB, 4.00%, 10/01/52 | 1,075 | 992,551 | ||||||
Orange County Health Facilities Authority, Refunding RB, 5.00%, 08/01/41 | 1,305 | 1,349,326 | ||||||
Palm Beach County Health Facilities Authority, Refunding RB, 4.00%, 08/15/49 | 1,185 | 1,088,093 | ||||||
Reedy Creek Improvement District, GO, Series A, 5.25%, 06/01/23(c) | 1,785 | 1,787,774 | ||||||
Southern Groves Community Development District No. 5, Refunding SAB, 4.00%, 05/01/43 | 220 | 179,240 | ||||||
Stevens Plantation Community Development District, SAB, | 800 | 506,893 | ||||||
Trout Creek Community Development District, SAB 4.00%, 05/01/40 | 630 | 542,596 |
Security | Par (000) | Value | ||||||
Florida (continued) | ||||||||
Trout Creek Community Development District, SAB (continued) | ||||||||
4.00%, 05/01/51 | $ | 1,050 | $ | 813,529 | ||||
Westside Community Development District, SAB, 4.00%, 05/01/50 | 815 | 635,588 | ||||||
|
| |||||||
60,889,095 | ||||||||
Georgia — 4.3% | ||||||||
Cobb County Kennestone Hospital Authority, RB, 4.00%, 04/01/52 | 3,165 | 2,891,370 | ||||||
Dalton Whitfield County Joint Development Authority, RB, 4.00%, 08/15/48 | 2,615 | 2,386,925 | ||||||
East Point Business & Industrial Development Authority, RB, Series A, 5.25%, 06/15/62(b) | 535 | 479,557 | ||||||
Gainesville & Hall County Hospital Authority, RB, Series A, 4.00%, 02/15/51 | 1,460 | 1,342,990 | ||||||
Georgia Housing & Finance Authority, RB, S/F Housing | ||||||||
Series A, 3.95%, 12/01/43 | 120 | 120,105 | ||||||
Series A, 4.00%, 12/01/48 | 170 | 169,641 | ||||||
Georgia Housing & Finance Authority, Refunding RB, 3.70%, 06/01/49 | 985 | 862,227 | ||||||
Georgia Ports Authority, ARB, 4.00%, 07/01/52 | 1,915 | 1,840,746 | ||||||
Griffin-Spalding County Hospital Authority, RB, 4.00%, 04/01/42 | 2,310 | 2,234,257 | ||||||
Main Street Natural Gas, Inc., RB | ||||||||
Series A, 5.00%, 05/15/35 | 360 | 380,391 | ||||||
Series A, 5.00%, 05/15/36 | 1,860 | 1,938,895 | ||||||
Series A, 5.00%, 05/15/37 | 400 | 411,145 | ||||||
Series A, 5.00%, 05/15/38 | 1,265 | 1,292,503 | ||||||
Series A, 5.00%, 05/15/43 | 330 | 330,507 | ||||||
Series A, 5.00%, 05/15/49 | 4,575 | 4,503,612 | ||||||
Series A, 5.00%, 06/01/53(a) | 5,845 | 6,156,486 | ||||||
Municipal Electric Authority of Georgia, RB | ||||||||
5.00%, 01/01/48 | 835 | 843,513 | ||||||
4.00%, 01/01/49 | 1,135 | 1,000,331 | ||||||
4.00%, 01/01/59 | 1,335 | 1,197,829 | ||||||
Series A, 5.00%, 01/01/59 | 480 | 488,574 | ||||||
|
| |||||||
30,871,604 | ||||||||
Hawaii — 0.3% | ||||||||
State of Hawaii Airports System Revenue, ARB, Series A, AMT, 5.00%, 07/01/45 | 1,500 | 1,521,165 | ||||||
State of Hawaii Airports System Revenue, COP | ||||||||
AMT, 5.25%, 08/01/25 | 425 | 426,654 | ||||||
AMT, 5.25%, 08/01/26 | 460 | 461,826 | ||||||
|
| |||||||
2,409,645 | ||||||||
Idaho — 0.5% | ||||||||
Idaho Health Facilities Authority, RB | ||||||||
4.00%, 12/01/43 | 670 | 630,865 | ||||||
Series 2017, 5.00%, 12/01/46 | 540 | 550,684 | ||||||
Series A, 5.00%, 03/01/39 | 500 | 503,772 | ||||||
Power County Industrial Development Corp., RB, AMT, 6.45%, 08/01/32 | 2,000 | 2,002,668 | ||||||
|
| |||||||
3,687,989 |
3 |
Schedule of Investments (unaudited) (continued) April 30, 2023 | BlackRock MuniHoldings Fund, Inc. (MHD) (Percentages shown are based on Net Assets) |
Security | Par (000) | Value | ||||||
Illinois — 10.3% | ||||||||
Chicago Board of Education, GO | ||||||||
Series A, 5.00%, 12/01/34 | $ | 1,760 | $ | 1,820,965 | ||||
Series A, 5.00%, 12/01/40 | 1,410 | 1,420,973 | ||||||
Series A, 5.00%, 12/01/42 | 1,480 | 1,463,689 | ||||||
Series C, 5.25%, 12/01/35 | 2,655 | 2,682,309 | ||||||
Series D, 5.00%, 12/01/46 | 3,480 | 3,439,714 | ||||||
Series H, 5.00%, 12/01/36 | 585 | 591,393 | ||||||
Chicago Board of Education, Refunding GO | ||||||||
Series C, 5.00%, 12/01/25 | 1,120 | 1,139,961 | ||||||
Series C, 5.00%, 12/01/27 | 500 | 516,457 | ||||||
Series C, 5.00%, 12/01/30 | 605 | 623,166 | ||||||
Series C, 5.00%, 12/01/34 | 475 | 486,264 | ||||||
Series D, 5.00%, 12/01/25 | 435 | 442,753 | ||||||
Series F, 5.00%, 12/01/23 | 310 | 310,891 | ||||||
Series F, 5.00%, 12/01/24 | 340 | 343,180 | ||||||
Series G, 5.00%, 12/01/34 | 315 | 322,470 | ||||||
Chicago Midway International Airport, Refunding ARB | ||||||||
Series B, 5.00%, 01/01/46 | 1,670 | 1,713,552 | ||||||
Series A, AMT, 2nd Lien, 5.00%, 01/01/41 | 1,870 | 1,877,755 | ||||||
Chicago O’Hare International Airport, ARB, Series D, AMT, Senior Lien, 5.00%, 01/01/42 | 430 | 439,548 | ||||||
Chicago O’Hare International Airport, Refunding ARB | ||||||||
Series A, AMT, Senior Lien, 4.38%, 01/01/53 | 1,390 | 1,296,646 | ||||||
Series B, Senior Lien, 5.00%, 01/01/53 | 1,040 | 1,081,406 | ||||||
Cook County Community College District No. 508, GO | ||||||||
5.50%, 12/01/38 | 3,075 | 3,083,684 | ||||||
5.25%, 12/01/43 | 2,935 | 2,936,007 | ||||||
Illinois Finance Authority, RB | ||||||||
Series A, 5.00%, 02/15/37 | 820 | 829,348 | ||||||
Series A, 5.00%, 02/15/47 | 240 | 232,511 | ||||||
Series A, 5.00%, 02/15/50 | 130 | 123,987 | ||||||
Illinois Finance Authority, Refunding RB | ||||||||
4.00%, 03/01/35 | 1,290 | 1,265,771 | ||||||
Series A, 4.00%, 07/15/47 | 1,485 | 1,418,585 | ||||||
Series C, 4.00%, 02/15/27(c) | 90 | 94,312 | ||||||
Series C, 4.00%, 02/15/41 | 1,945 | 1,918,387 | ||||||
Series C, 5.00%, 02/15/41 | 555 | 577,523 | ||||||
Illinois State Toll Highway Authority, RB | ||||||||
Series A, 5.00%, 01/01/40 | 3,805 | 3,916,749 | ||||||
Series B, 5.00%, 01/01/40 | 3,335 | 3,458,585 | ||||||
Series C, 5.00%, 01/01/38 | 2,250 | 2,324,918 | ||||||
Metropolitan Pier & Exposition Authority, RB, Series A, 5.00%, 06/15/57 | 2,370 | 2,377,252 | ||||||
Metropolitan Pier & Exposition Authority, Refunding RB(d) | ||||||||
Series B, (AGM), 0.00%, 06/15/44 | 3,765 | 1,391,427 | ||||||
Series B, (AGM), 0.00%, 06/15/47 | 22,775 | 7,035,903 | ||||||
State of Illinois, GO | ||||||||
5.25%, 02/01/31 | 1,485 | 1,499,355 | ||||||
5.25%, 02/01/32 | 2,365 | 2,388,487 | ||||||
5.50%, 07/01/33 | 3,000 | 3,010,896 | ||||||
5.50%, 07/01/38 | 695 | 697,682 | ||||||
5.00%, 02/01/39 | 1,910 | 1,916,817 | ||||||
5.50%, 05/01/39 | 795 | 870,347 | ||||||
Series A, 5.00%, 04/01/38 | 4,545 | 4,563,766 | ||||||
Series B, 5.25%, 05/01/40 | 1,770 | 1,927,215 | ||||||
Series D, 5.00%, 11/01/28 | 900 | 966,271 |
Security | Par (000) | Value | ||||||
Illinois (continued) | ||||||||
State of Illinois, Refunding GO, Series B, 5.00%, 10/01/27 | $ | 90 | $ | 96,326 | ||||
University of Illinois, RB, Series A, 5.00%, 04/01/44 | 1,225 | 1,236,829 | ||||||
|
| |||||||
74,172,032 | ||||||||
Indiana — 1.2% | ||||||||
City of Valparaiso Indiana, RB | ||||||||
AMT, 6.75%, 01/01/34 | 975 | 991,124 | ||||||
AMT, 7.00%, 01/01/44 | 2,355 | 2,388,950 | ||||||
Indiana Finance Authority, RB(c) | ||||||||
Series A, AMT, 5.00%, 07/01/23 | 2,870 | 2,876,118 | ||||||
Series A, AMT, 5.25%, 07/01/23 | 500 | 501,462 | ||||||
Indianapolis Local Public Improvement Bond Bank, RB, Series A, 5.00%, 01/15/40 | 1,520 | 1,521,231 | ||||||
|
| |||||||
8,278,885 | ||||||||
Iowa — 0.9% | ||||||||
Iowa Finance Authority, RB, Series A, | 1,900 | 1,399,369 | ||||||
Iowa Student Loan Liquidity Corp, Refunding RB, Series B, AMT, 3.00%, 12/01/39 | 310 | 291,623 | ||||||
PEFA, Inc., RB, 5.00%, 09/01/49(a) | 5,000 | 5,130,255 | ||||||
|
| |||||||
6,821,247 | ||||||||
Kansas — 0.1% | ||||||||
Ellis County Unified School District No. 489 Hays, Refunding GO, Series B, (AGM), 4.00%, 09/01/52 | 705 | 661,465 | ||||||
|
| |||||||
Kentucky — 1.3% | ||||||||
County of Boyle Kentucky, Refunding RB, 5.00%, 06/01/37 | 2,500 | 2,594,887 | ||||||
Fayette County School District Finance Corp., RB | ||||||||
(NGFGC), 5.00%, 06/01/44 | 860 | 939,027 | ||||||
(BAM-TCRS), 5.00%, 06/01/46 | 760 | 824,635 | ||||||
(BAM-TCRS), 5.00%, 06/01/47 | 1,155 | 1,251,068 | ||||||
Kentucky Public Transportation Infrastructure Authority, RB, CAB(e) | ||||||||
Series C, Convertible, 6.45%, 07/01/34 | 500 | 586,093 | ||||||
Series C, Convertible, 6.60%, 07/01/39 | 830 | 946,091 | ||||||
Series C, Convertible, 6.75%, 07/01/43 | 1,770 | 2,018,586 | ||||||
|
| |||||||
9,160,387 | ||||||||
Louisiana — 1.5% | ||||||||
City of Alexandria Louisiana Utilities Revenue, RB, 5.00%, 05/01/24(c) | 860 | 875,436 | ||||||
City of Shreveport Louisiana Water & Sewer Revenue, RB, Series B, Junior Lien, (AGM), 4.00%, 12/01/49 | 4,100 | 3,698,020 | ||||||
Lafayette Parish School Board Sale Tax Revenue, RB, 4.00%, 04/01/53 | 995 | 907,566 | ||||||
Lake Charles Harbor & Terminal District, ARB, Series B, AMT, (AGM), 5.50%, 01/01/29 | 1,500 | 1,520,218 | ||||||
Louisiana Public Facilities Authority, Refunding RB, 5.00%, 05/15/47 | 1,635 | 1,652,107 | ||||||
State of Louisiana Gasoline & Fuels Tax Revenue, Refunding RB, Series A, 1st Lien, 4.00%, 05/01/25 . | 1,245 | 1,275,500 | ||||||
Tobacco Settlement Financing Corp., Refunding RB, Series A, 5.25%, 05/15/35 | 495 | 497,468 | ||||||
|
| |||||||
10,426,315 | ||||||||
Maryland — 2.0% | ||||||||
Anne Arundel County Consolidated Special Taxing District, ST | ||||||||
5.13%, 07/01/36 | 170 | 170,383 |
SCHEDULE OF INVESTMENTS | 4 |
Schedule of Investments (unaudited) (continued) April 30, 2023 | BlackRock MuniHoldings Fund, Inc. (MHD) (Percentages shown are based on Net Assets) |
Security | Par (000) | Value | ||||||
Maryland (continued) | ||||||||
Anne Arundel County Consolidated Special Taxing District, ST (continued) | ||||||||
5.25%, 07/01/44 | $ | 170 | $ | 169,033 | ||||
City of Baltimore Maryland, RB, Series A, 5.00%, 07/01/46 | 1,500 | 1,554,169 | ||||||
Howard County Housing Commission, RB, M/F Housing, 5.00%, 12/01/42 | 1,430 | 1,484,613 | ||||||
Maryland Health & Higher Educational Facilities Authority, RB | ||||||||
Series 2017, 5.00%, 12/01/46 | 305 | 313,717 | ||||||
Series A, 5.00%, 05/15/42 | 1,760 | 1,820,699 | ||||||
Series B, 4.00%, 04/15/45 | 795 | 770,555 | ||||||
Series B, 4.00%, 04/15/50 | 1,645 | 1,576,805 | ||||||
Maryland Stadium Authority, RB | ||||||||
(NGFGC), 5.00%, 05/01/34 | 2,700 | 2,985,125 | ||||||
Series A, (NGFGC), 5.00%, 05/01/47 | 3,225 | 3,386,453 | ||||||
|
| |||||||
14,231,552 | ||||||||
Massachusetts — 4.0% | ||||||||
Commonwealth of Massachusetts Transportation Fund Revenue, RB | ||||||||
5.00%, 06/01/50 | 1,975 | 2,158,683 | ||||||
Series A, 4.00%, 06/01/45 | 1,505 | 1,479,153 | ||||||
Commonwealth of Massachusetts, GO | ||||||||
Series C, 5.00%, 10/01/47 | 1,195 | 1,324,263 | ||||||
Series C, 5.00%, 10/01/52 | 1,240 | 1,359,495 | ||||||
Massachusetts Development Finance Agency, RB | ||||||||
5.00%, 01/01/48 | 1,115 | 1,118,295 | ||||||
5.00%, 10/01/48 | 830 | 773,871 | ||||||
Series A, 5.25%, 01/01/42 | 1,110 | 1,135,657 | ||||||
Series A, 5.00%, 01/01/47 | 5,005 | 5,020,901 | ||||||
Massachusetts Development Finance Agency, Refunding RB | ||||||||
4.00%, 07/01/39 | 1,140 | 1,063,032 | ||||||
5.00%, 04/15/40 | 400 | 402,016 | ||||||
5.00%, 09/01/43 | 750 | 764,345 | ||||||
5.00%, 07/01/47 | 3,355 | 3,447,377 | ||||||
Series A, 5.00%, 10/01/35 | 500 | 515,418 | ||||||
Series A, 5.00%, 10/01/43 | 750 | 757,594 | ||||||
Series P, 5.45%, 05/15/59 | 2,010 | 2,247,705 | ||||||
Massachusetts Educational Financing Authority, RB | ||||||||
Series B, AMT, 2.63%, 07/01/36 | 25 | 24,234 | ||||||
AMT, Subordinate, 3.75%, 07/01/47 | 1,865 | 1,505,777 | ||||||
Massachusetts Educational Financing Authority, Refunding RB, Series B, AMT, 3.63%, 07/01/34 | 30 | 30,039 | ||||||
Massachusetts Housing Finance Agency, RB, M/F Housing | ||||||||
Series A, 3.80%, 12/01/43 | 160 | 143,170 | ||||||
Series A, 3.85%, 06/01/46 | 205 | 179,232 | ||||||
Series D-1, 2.55%, 12/01/50 | 420 | 272,072 | ||||||
Massachusetts Port Authority, ARB, Series E, AMT, 5.00%, 07/01/46 | 3,100 | 3,256,869 | ||||||
|
| |||||||
28,979,198 | ||||||||
Michigan — 7.2% | ||||||||
City of Detroit Michigan Water Supply System Revenue, RB, Series B, 2nd Lien, (AGM), 6.25%, 07/01/36 | 5 | 5,013 |
Security | Par (000) | Value | ||||||
Michigan (continued) | ||||||||
Eastern Michigan University, RB, Series A, 4.00%, 03/01/47 | $ | 1,170 | $ | 1,071,151 | ||||
Great Lakes Water Authority Sewage Disposal System Revenue, RB | ||||||||
Series B, 2nd Lien, 5.25%, 07/01/47 | 1,490 | 1,593,327 | ||||||
Series B, 2nd Lien, 5.50%, 07/01/52 | 3,525 | 3,803,126 | ||||||
Series A, Senior Lien, 5.25%, 07/01/52 | 3,525 | 3,835,302 | ||||||
Great Lakes Water Authority Water Supply System Revenue, RB | ||||||||
Series A, Senior Lien, 5.25%, 07/01/52 | 3,525 | 3,827,738 | ||||||
Series B, Senior Lien, 5.50%, 07/01/52 | 3,525 | 3,839,546 | ||||||
Michigan Finance Authority, RB | ||||||||
4.00%, 02/15/47 | 4,815 | 4,566,320 | ||||||
4.00%, 02/15/50 | 3,140 | 2,923,362 | ||||||
4.00%, 02/15/44 | 3,785 | 3,654,898 | ||||||
Series S, 5.00%, 11/01/44 | 1,555 | 1,587,954 | ||||||
Michigan Finance Authority, Refunding RB | ||||||||
5.00%, 11/15/41 | 5,560 | 5,692,044 | ||||||
4.00%, 11/15/46 | 570 | 532,705 | ||||||
Series A, 4.00%, 12/01/49 | 4,100 | 3,795,899 | ||||||
Michigan State Building Authority, Refunding RB | ||||||||
Series I, 5.00%, 10/15/45 | 5,665 | 5,829,438 | ||||||
Series I, 4.00%, 10/15/52 | 710 | 681,765 | ||||||
Michigan State Hospital Finance Authority, Refunding RB, 5.00%, 11/15/47 | 215 | 224,588 | ||||||
Michigan State Housing Development Authority, RB, M/F Housing | ||||||||
Series A, AMT, 3.80%, 10/01/38 | 1,690 | 1,606,188 | ||||||
Series A, AMT, 4.15%, 10/01/53 | 865 | 756,517 | ||||||
Michigan Strategic Fund, RB, AMT, 5.00%, 12/31/43 | 1,795 | 1,819,092 | ||||||
|
| |||||||
51,645,973 | ||||||||
Minnesota — 1.4% | ||||||||
City of Maple Grove Minnesota, Refunding RB, 4.00%, 05/01/37 | 880 | 874,441 | ||||||
City of Minneapolis Minnesota, Refunding RB, Series A, 5.00%, 11/15/49 | 560 | 571,432 | ||||||
City of Otsego Minnesota, Refunding RB, Series A, 5.00%, 09/01/44 | 425 | 386,259 | ||||||
City of Spring Lake Park Minnesota, RB, 5.00%, 06/15/39 | 1,080 | 1,013,821 | ||||||
Duluth Economic Development Authority, Refunding RB | ||||||||
Series A, 4.25%, 02/15/48 | 3,800 | 3,665,617 | ||||||
Series A, 5.25%, 02/15/53 | 415 | 428,872 | ||||||
Series A, 5.25%, 02/15/58 | 1,605 | 1,654,469 | ||||||
Housing & Redevelopment Authority of The City of St. Paul Minnesota, Refunding RB, Series A, 4.00%, 11/15/43 | 575 | 531,671 | ||||||
Minneapolis-St. Paul Metropolitan Airports Commission, Refunding RB, Sub Series D, AMT, 5.00%, 01/01/41 | 290 | 298,306 | ||||||
Minnesota Higher Education Facilities Authority, RB, Series 8-K, 4.00%, 03/01/43 | 385 | 353,891 | ||||||
|
| |||||||
9,778,779 | ||||||||
Mississippi — 1.1% | ||||||||
Mississippi Development Bank, RB, (AGM), 6.88%, 12/01/40 | 3,595 | 3,650,079 |
5 |
Schedule of Investments (unaudited) (continued) April 30, 2023 | BlackRock MuniHoldings Fund, Inc. (MHD) (Percentages shown are based on Net Assets) |
Security | Par (000) | Value | ||||||
Mississippi (continued) | ||||||||
Mississippi State University Educational Building Corp., Refunding RB, 5.25%, 08/01/23(c) | $ | 2,000 | $ | 2,009,850 | ||||
State of Mississippi Gaming Tax Revenue, RB | ||||||||
Series A, 5.00%, 10/15/37 | 330 | 347,948 | ||||||
Series A, 4.00%, 10/15/38 | 1,650 | 1,598,678 | ||||||
|
| |||||||
7,606,555 | ||||||||
Missouri — 1.1% | ||||||||
Health & Educational Facilities Authority of the State of Missouri, RB | ||||||||
Series A, 5.00%, 10/01/23(c) | 500 | 503,592 | ||||||
Series A, 5.00%, 06/01/42 | 540 | 565,968 | ||||||
Series C-2, 5.00%, 10/01/34 | 1,000 | 1,006,921 | ||||||
Health & Educational Facilities Authority of the State of Missouri, Refunding RB | ||||||||
5.50%, 05/01/43 | 305 | 305,000 | ||||||
Series A, 4.00%, 02/15/49 | 1,910 | 1,763,192 | ||||||
Kansas City Industrial Development Authority, ARB, Class B, AMT, 5.00%, 03/01/54 | 3,530 | 3,615,641 | ||||||
|
| |||||||
7,760,314 | ||||||||
Montana — 0.0% | ||||||||
Montana Board of Housing, RB, S/F Housing | ||||||||
Series B-2, 3.50%, 12/01/42 | 60 | 58,842 | ||||||
Series B-2, 3.60%, 12/01/47 | 100 | 100,066 | ||||||
|
| |||||||
158,908 | ||||||||
Nebraska — 0.4% | ||||||||
Douglas County Hospital Authority No. 3, Refunding RB, 5.00%, 11/01/45 | 400 | 407,461 | ||||||
Omaha Public Power District, RB, Series A, (AGM-CR), 4.00%, 02/01/51 | 2,700 | 2,570,781 | ||||||
|
| |||||||
2,978,242 | ||||||||
Nevada — 1.4% | ||||||||
Carson City Nevada, Refunding RB, 5.00%, 09/01/42 . | 650 | 657,257 | ||||||
City of Reno Nevada, Refunding RB | ||||||||
Series A-1, (AGM), 4.00%, 06/01/43 | 1,570 | 1,505,259 | ||||||
Series A-1, (AGM), 4.00%, 06/01/46 | 1,250 | 1,169,212 | ||||||
County of Clark Department of Aviation, Refunding RB, Series A-2, Sub Lien, 4.25%, 07/01/36 | 1,000 | 1,014,067 | ||||||
County of Clark Nevada, GO, Series A, 5.00%, 05/01/48 | 2,260 | 2,386,144 | ||||||
Las Vegas Valley Water District, GO, Series A, 4.00%, 06/01/51 | 2,690 | 2,605,658 | ||||||
Tahoe-Douglas Visitors Authority, RB | ||||||||
5.00%, 07/01/40 | 595 | 604,641 | ||||||
5.00%, 07/01/45 | 420 | 420,276 | ||||||
|
| |||||||
10,362,514 | ||||||||
New Hampshire — 0.5% | ||||||||
New Hampshire Business Finance Authority, Refunding RB(b) | ||||||||
Series A, 3.63%, 07/01/43(a) | 130 | 96,986 | ||||||
Series B, 4.63%, 11/01/42 | 2,095 | 1,762,582 | ||||||
Series B, AMT, 3.75%, 07/01/45(a) | 395 | 298,719 | ||||||
Series C, AMT, 4.88%, 11/01/42 | 1,140 | 990,572 | ||||||
New Hampshire Housing Finance Authority, RB, M/F Housing, Series 1, 4.00%, 07/01/52 | 800 | 695,856 | ||||||
|
| |||||||
3,844,715 |
Security | Par (000) | Value | ||||||
New Jersey — 9.3% | ||||||||
Casino Reinvestment Development Authority, Inc., Refunding RB | ||||||||
5.25%, 11/01/39 | $ | 1,265 | $ | 1,282,700 | ||||
5.25%, 11/01/44 | 1,885 | 1,900,005 | ||||||
New Jersey Economic Development Authority, ARB | ||||||||
AMT, 5.13%, 09/15/23 | 670 | 667,249 | ||||||
Series B, AMT, 5.63%, 11/15/30 | 660 | 667,691 | ||||||
New Jersey Economic Development Authority, RB | ||||||||
5.00%, 12/15/28(c) | 60 | 67,816 | ||||||
5.00%, 06/15/36 | 460 | 499,767 | ||||||
5.00%, 06/15/43 | 100 | 105,379 | ||||||
Class A, 5.25%, 11/01/47 | 4,795 | 5,250,813 | ||||||
Series A, 5.00%, 06/15/47 | 2,500 | 2,598,917 | ||||||
Series B, 4.50%, 06/15/40 | 1,270 | 1,300,896 | ||||||
Series EEE, 5.00%, 06/15/48 | 4,275 | 4,468,384 | ||||||
Series LLL, 5.00%, 06/15/34 | 365 | 401,431 | ||||||
Series UU, 5.00%, 06/15/24(c) | 80 | 81,680 | ||||||
Series UU, 5.00%, 06/15/40 | 345 | 352,247 | ||||||
Series WW, 5.00%, 06/15/25(c) | 210 | 219,125 | ||||||
AMT, (AGM), 5.00%, 01/01/31 | 790 | 795,599 | ||||||
AMT, (AGM), 5.13%, 07/01/42 | 200 | 201,458 | ||||||
AMT, 5.38%, 01/01/43 | 3,000 | 3,006,744 | ||||||
New Jersey Economic Development Authority, Refunding ARB, AMT, 5.00%, 10/01/47 | 1,060 | 999,985 | ||||||
New Jersey Economic Development Authority, Refunding SAB | ||||||||
6.50%, 04/01/28 | 4,181 | 4,387,053 | ||||||
5.75%, 04/01/31 | 2,675 | 2,622,771 | ||||||
New Jersey Health Care Facilities Financing Authority, Refunding RB, 5.00%, 10/01/37 | 685 | 726,220 | ||||||
New Jersey Higher Education Student Assistance Authority, Refunding RB | ||||||||
Series B, AMT, 4.00%, 12/01/41 | 3,390 | 3,371,646 | ||||||
Series C, AMT, Subordinate, 5.00%, 12/01/52 | 3,425 | 3,538,131 | ||||||
New Jersey Housing & Mortgage Finance Agency, Refunding RB, Series A, AMT, 3.80%, 10/01/32 | 1,100 | 1,058,010 | ||||||
New Jersey Transportation Trust Fund Authority, RB | ||||||||
Series AA, 4.13%, 06/15/39 | 1,040 | 1,044,777 | ||||||
Series AA, 5.50%, 06/15/39 | 3,510 | 3,518,986 | ||||||
Series AA, 5.00%, 06/15/45 | 900 | 918,364 | ||||||
Series AA, 5.00%, 06/15/46 | 400 | 407,884 | ||||||
Series S, 5.25%, 06/15/43 | 2,810 | 2,997,930 | ||||||
Series S, 5.00%, 06/15/46 | 2,070 | 2,171,219 | ||||||
New Jersey Transportation Trust Fund Authority, RB, CAB, Series A, 0.00%, 12/15/35(d) | 1,000 | 588,484 | ||||||
New Jersey Turnpike Authority, RB, Series E, 5.00%, 01/01/45 | 4,450 | 4,545,470 | ||||||
South Jersey Port Corp., ARB, Series B, AMT, 5.00%, 01/01/35 | 625 | 651,939 | ||||||
Tobacco Settlement Financing Corp., Refunding RB | ||||||||
Series A, 5.00%, 06/01/35 | 1,340 | 1,419,207 | ||||||
Series A, 4.00%, 06/01/37 | 500 | 490,626 | ||||||
Series A, 5.25%, 06/01/46 | 4,955 | 5,162,203 | ||||||
Sub-Series B, 5.00%, 06/01/46 | 2,100 | 2,083,402 | ||||||
|
| |||||||
66,572,208 | ||||||||
New Mexico — 0.0% | ||||||||
City of Santa Fe New Mexico, RB, Series A, 5.00%, 05/15/44 | 200 | 174,754 | ||||||
|
|
SCHEDULE OF INVESTMENTS | 6 |
Schedule of Investments (unaudited) (continued) April 30, 2023 | BlackRock MuniHoldings Fund, Inc. (MHD) (Percentages shown are based on Net Assets) |
Security | Par (000) | Value | ||||||
New York — 15.7% | ||||||||
City of New York, GO | ||||||||
Series A-1, 4.00%, 09/01/46 | $ | 2,175 | $ | 2,114,520 | ||||
Series C, 5.00%, 08/01/43 | 805 | 877,300 | ||||||
Series D, 5.00%, 12/01/43 | 2,620 | 2,803,861 | ||||||
City of New York, Refunding GO, Series B, 4.00%, 08/01/32 | 3,990 | 4,060,882 | ||||||
Erie Tobacco Asset Securitization Corp., Refunding RB, Series A, 5.00%, 06/01/45 | 3,585 | 3,274,854 | ||||||
Metropolitan Transportation Authority, RB | ||||||||
Series A-1, 5.25%, 11/15/39 | 1,000 | 1,008,486 | ||||||
Series B, 5.25%, 11/15/38 | 2,970 | 3,018,675 | ||||||
Metropolitan Transportation Authority, Refunding RB | ||||||||
Series C-1, 4.75%, 11/15/45 | 1,950 | 1,973,722 | ||||||
Series C-1, 5.00%, 11/15/50 | 370 | 379,496 | ||||||
Series C-1, 5.25%, 11/15/55 | 1,040 | 1,083,819 | ||||||
Series C-1, 5.00%, 11/15/56 | 2,670 | 2,702,926 | ||||||
Series C-1, 5.25%, 11/15/56 | 10 | 10,209 | ||||||
New York City Housing Development Corp., RB, M/F Housing | ||||||||
Series I-1, 2.65%, 11/01/50 | 3,205 | 2,143,318 | ||||||
Series I-1, 2.70%, 11/01/55 | 950 | 618,647 | ||||||
New York City Municipal Water Finance Authority, Refunding RB | ||||||||
Series BB, 4.00%, 06/15/47 | 3,660 | 3,598,980 | ||||||
Series BB-1, 4.00%, 06/15/45 | 855 | 849,688 | ||||||
Series CC, 5.00%, 06/15/47 | 4,180 | 4,189,568 | ||||||
New York City Transitional Finance Authority Building Aid Revenue, RB, Series S-1, Subordinate, (SAW), 4.00%, 07/15/42 | 1,015 | 1,015,062 | ||||||
New York City Transitional Finance Authority Future Tax Secured Revenue, RB, | 7,605 | 7,399,182 | ||||||
New York Counties Tobacco Trust IV, Refunding RB | ||||||||
Series A, 5.00%, 06/01/38 | 1,400 | 1,327,942 | ||||||
Series A, 6.25%, 06/01/41(b) | 3,100 | 3,100,459 | ||||||
New York Counties Tobacco Trust VI, Refunding RB, | 500 | 471,374 | ||||||
New York Liberty Development Corp., Refunding RB 3.13%, 09/15/50 | 5,005 | 3,843,234 | ||||||
Class 2, 5.38%, 11/15/40(b) | 1,450 | 1,451,272 | ||||||
Series 1, 5.00%, 11/15/44(b) | 4,920 | 4,746,742 | ||||||
Series A, 2.88%, 11/15/46 | 1,915 | 1,360,129 | ||||||
Series A, (BAM-TCRS), 3.00%, 11/15/51 | 4,565 | 3,202,037 | ||||||
Series A, 3.00%, 11/15/51 | 2,825 | 2,046,648 | ||||||
New York Power Authority, Refunding RB, Series A, 4.00%, 11/15/55 | 1,620 | 1,532,974 | ||||||
New York State Dormitory Authority, RB, Series A, 4.00%, 03/15/47 | 545 | 534,636 | ||||||
New York State Urban Development Corp., RB | ||||||||
Series A, 4.00%, 03/15/45 | 3,000 | 2,926,191 | ||||||
Series A, 4.00%, 03/15/46 | 4,850 | 4,689,804 | ||||||
Series A, 4.00%, 03/15/49 | 1,600 | 1,553,002 | ||||||
New York State Urban Development Corp., Refunding RB | ||||||||
4.00%, 03/15/49 | 1,850 | 1,774,661 | ||||||
Series A, 4.00%, 03/15/44 | 7,275 | 7,235,679 | ||||||
New York Transportation Development Corp., RB, AMT, 5.00%, 10/01/35 | 1,910 | 2,005,084 |
Security | Par (000) | Value | ||||||
New York (continued) | ||||||||
Port Authority of New York & New Jersey, Refunding ARB | ||||||||
194th Series, 5.25%, 10/15/55 | $ | 3,210 | $ | 3,317,760 | ||||
AMT, 5.00%, 01/15/52 | 5,645 | 5,930,112 | ||||||
State of New York Mortgage Agency, Refunding RB, S/F Housing, Series 211, 3.75%, 10/01/43 | 1,190 | 1,046,305 | ||||||
Triborough Bridge & Tunnel Authority Sales Tax Revenue, RB, Series A, 4.13%, 05/15/53 | 6,415 | 6,257,800 | ||||||
Triborough Bridge & Tunnel Authority, RB | ||||||||
Series A, 5.00%, 11/15/49 | 620 | 664,964 | ||||||
Series A, 5.00%, 11/15/54 | 2,310 | 2,461,314 | ||||||
Triborough Bridge & Tunnel Authority, Refunding RB, Series A, 4.00%, 05/15/51 | 5,000 | 4,931,195 | ||||||
TSASC, Inc., Refunding RB, Series A, | 535 | 546,923 | ||||||
Westchester County Healthcare Corp., RB, Series A, Senior Lien, 5.00%, 11/01/44 | 446 | 442,560 | ||||||
Westchester Tobacco Asset Securitization Corp., Refunding RB, Sub-Series C, 4.00%, 06/01/42 | 320 | 315,727 | ||||||
|
| |||||||
112,839,723 | ||||||||
North Carolina — 0.1% | ||||||||
North Carolina Medical Care Commission, RB, 4.00%, 11/01/52 | 400 | 388,032 | ||||||
|
| |||||||
Ohio — 3.0% | ||||||||
Buckeye Tobacco Settlement Financing Authority, Refunding RB | ||||||||
Series A-2, 4.00%, 06/01/48 | 610 | 539,218 | ||||||
Series B-2, Class 2, 5.00%, 06/01/55 | 11,825 | 11,018,760 | ||||||
City of Dayton Ohio Airport Revenue, Refunding RB, Series A, AMT, (AGM), 4.00%, 12/01/32 | 2,000 | 2,000,254 | ||||||
County of Franklin Ohio, RB | ||||||||
Series 2017, 5.00%, 12/01/46 | 290 | 298,536 | ||||||
Series A, 4.00%, 12/01/44 | 365 | 347,626 | ||||||
County of Hamilton Ohio, RB, Series CC, 5.00%, 11/15/49 | 550 | 612,432 | ||||||
County of Hamilton Ohio, Refunding RB | ||||||||
4.00%, 08/15/50 | 1,085 | 1,011,276 | ||||||
Series A, 3.75%, 08/15/50 | 755 | 668,002 | ||||||
Northwest Local School District/Hamilton & Butler Counties, GO, 4.00%, 12/01/50 | 1,135 | 1,091,506 | ||||||
Ohio Air Quality Development Authority, RB, AMT, 5.00%, 07/01/49(b) | 1,135 | 1,044,975 | ||||||
Ohio Housing Finance Agency, RB, S/F Housing, Series A, (FHLMC, FNMA, GNMA), 4.00%, 09/01/48 | 50 | 51,451 | ||||||
State of Ohio, RB, AMT, 5.00%, 06/30/53 | 1,000 | 1,000,678 | ||||||
State of Ohio, Refunding RB, Series A, 4.00%, 01/15/50 | 2,250 | 2,029,201 | ||||||
|
| |||||||
21,713,915 | ||||||||
Oklahoma — 0.7% | ||||||||
Oklahoma City Public Property Authority, Refunding RB, 5.00%, 10/01/39 | 720 | 739,553 | ||||||
Oklahoma Development Finance Authority, RB | ||||||||
Series B, 5.50%, 08/15/52 | 1,460 | 1,357,848 | ||||||
Series B, 5.50%, 08/15/57 | 625 | 574,134 |
7 |
Schedule of Investments (unaudited) (continued) April 30, 2023 | BlackRock MuniHoldings Fund, Inc. (MHD) (Percentages shown are based on Net Assets) |
Security | Par (000) | Value | ||||||
Oklahoma (continued) | ||||||||
Oklahoma Turnpike Authority, RB, Series A, 4.00%, 01/01/48 | $ | 1,780 | $ | 1,743,398 | ||||
Oklahoma Water Resources Board, RB, | 950 | 941,268 | ||||||
|
| |||||||
5,356,201 | ||||||||
Oregon — 1.6% | ||||||||
Clackamas County School District No. 12 North Clackamas, GO, CAB, Series A, (GTD), | 510 | 264,394 | ||||||
Multnomah & Clackamas Counties School District No. 10JT Gresham-Barlow, GO, CAB, Series A, (GTD), 0.00%, 06/15/38(d) | 530 | 275,216 | ||||||
Oregon Health & Science University, RB, Series A, 4.00%, 07/01/37 | 675 | 680,768 | ||||||
Oregon State Facilities Authority, Refunding RB, Series A, 5.00%, 04/01/45 | 1,475 | 1,501,528 | ||||||
Port of Portland Oregon Airport Revenue, Refunding ARB, 29th Series, AMT, 5.50%, 07/01/48 | 8,120 | 8,964,253 | ||||||
State of Oregon Housing & Community Services Department, RB, S/F Housing, Series C, 3.95%, 07/01/43 | 115 | 112,942 | ||||||
|
| |||||||
11,799,101 | ||||||||
Pennsylvania — 7.0% | ||||||||
Allegheny County Airport Authority, ARB, Series A, AMT, (AGM-CR), 4.00%, 01/01/56 | 1,670 | 1,521,159 | ||||||
Bristol Township School District, GO, (SAW), 5.25%, 06/01/23(c) | 2,500 | 2,503,917 | ||||||
Commonwealth Financing Authority, RB | ||||||||
5.00%, 06/01/34 | 750 | 808,982 | ||||||
(AGM), 4.00%, 06/01/39 | 1,365 | 1,345,646 | ||||||
Commonwealth of Pennsylvania, GO, 1st Series, 4.00%, 03/01/36 | 1,560 | 1,614,307 | ||||||
Delaware River Port Authority, RB, 4.50%, 01/01/24(c) | 1,500 | 1,512,478 | ||||||
Lancaster Industrial Development Authority, RB, 5.00%, 12/01/44 | 780 | 800,891 | ||||||
Montgomery County Higher Education and Health Authority, Refunding RB | ||||||||
4.00%, 09/01/51 | 1,430 | 1,289,115 | ||||||
Series A, 5.00%, 09/01/48 | 980 | 1,003,376 | ||||||
Series A, 4.00%, 09/01/49 | 1,380 | 1,253,811 | ||||||
Montgomery County Industrial Development Authority, RB, Series C, 5.00%, 11/15/45 | 270 | 256,146 | ||||||
Pennsylvania Economic Development Financing Authority, RB | ||||||||
Series A-1, 4.00%, 04/15/50 | 470 | 429,385 | ||||||
AMT, 5.00%, 12/31/38 | 390 | 393,123 | ||||||
AMT, 5.00%, 06/30/42 | 2,455 | 2,461,447 | ||||||
Pennsylvania Economic Development Financing Authority, Refunding RB, AMT, 5.50%, 11/01/44 | 1,905 | 1,906,711 | ||||||
Pennsylvania Higher Education Assistance Agency, RB, Series B, AMT, Subordinate, 3.00%, 06/01/47 | 100 | 74,722 | ||||||
Pennsylvania Housing Finance Agency, RB, S/F Housing, Series 125B, AMT, 3.65%, 10/01/42 | 1,000 | 910,916 | ||||||
Pennsylvania Housing Finance Agency, Refunding RB, S/F Housing | ||||||||
Series 2022, 4.25%, 10/01/52 | 3,085 | 3,146,660 | ||||||
Series 119, AMT, 3.50%, 10/01/36 | 1,015 | 976,346 |
Security | Par (000) | Value | ||||||
Pennsylvania (continued) | ||||||||
Pennsylvania Turnpike Commission Oil Franchise Tax Revenue, Refunding RB | ||||||||
Series A, 4.00%, 12/01/51 | $ | 10,205 | $ | 9,929,098 | ||||
Series B, 4.00%, 12/01/53 | 1,435 | 1,343,915 | ||||||
Pennsylvania Turnpike Commission, RB | ||||||||
Series A, 5.00%, 12/01/44 | 1,380 | 1,402,570 | ||||||
Sub-Series B-1, 5.25%, 06/01/47 | 1,170 | 1,212,947 | ||||||
Series A, Subordinate, 4.00%, 12/01/50 | 1,075 | 1,009,812 | ||||||
Series A, Subordinate, (BAM-TCRS), | 535 | 519,015 | ||||||
Series B, Subordinate, 4.00%, 12/01/51 | 610 | 572,063 | ||||||
Pennsylvania Turnpike Commission, Refunding RB | ||||||||
Series B-2, (AGM), 5.00%, 06/01/35 | 1,640 | 1,759,241 | ||||||
Series C, 4.00%, 12/01/51 | 1,555 | 1,476,493 | ||||||
Pottsville Hospital Authority, Refunding RB, Series B, 5.00%, 07/01/45 | 1,250 | 1,277,897 | ||||||
Springfield School District/Delaware County, GO | ||||||||
(SAW), 5.00%, 03/01/40 | 865 | 919,886 | ||||||
(SAW), 5.00%, 03/01/43 | 590 | 623,649 | ||||||
Westmoreland County Municipal Authority, Refunding RB | ||||||||
(BAM), 5.00%, 08/15/36 | 1,290 | 1,369,913 | ||||||
(BAM), 5.00%, 08/15/38 | 2,530 | 2,621,371 | ||||||
|
| |||||||
50,247,008 | ||||||||
Puerto Rico — 5.2% | ||||||||
Commonwealth of Puerto Rico, GO | ||||||||
Series A1, Restructured, 5.63%, 07/01/29 | 3,910 | 4,148,696 | ||||||
Series A1, Restructured, 5.75%, 07/01/31 | 3,524 | 3,796,800 | ||||||
Puerto Rico Sales Tax Financing Corp Sales Tax Revenue, RB, Series A1, Restructured, | 9,243 | 8,677,707 | ||||||
Puerto Rico Sales Tax Financing Corp Sales Tax Revenue, RB, CAB, Series A1, Restructured, 0.00%, 07/01/46(d) | 19,562 | 5,319,162 | ||||||
Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue, RB | ||||||||
Series A1, Restructured, 5.00%, 07/01/58 | 11,123 | 10,696,578 | ||||||
Series A-2, Restructured, 4.78%, 07/01/58 | 2,097 | 1,942,273 | ||||||
Series A-2, Restructured, 4.33%, 07/01/40 | 2,508 | 2,329,656 | ||||||
Series B-1, Restructured, 4.75%, 07/01/53 | 425 | 397,341 | ||||||
Series B-2, Restructured, 4.78%, 07/01/58 | 412 | 382,341 | ||||||
|
| |||||||
37,690,554 | ||||||||
Rhode Island — 0.7% | ||||||||
Rhode Island Health and Educational Building Corp., Refunding RB, Series A, 3.75%, 05/15/32 | 1,155 | 1,180,180 | ||||||
Rhode Island Housing & Mortgage Finance Corp., RB, M/F Housing, Series 3-B, 4.13%, 10/01/49 | 295 | 262,797 | ||||||
Rhode Island Student Loan Authority, RB, Series A, AMT, 3.63%, 12/01/37 | 735 | 701,631 | ||||||
Tobacco Settlement Financing Corp., | ||||||||
Series A, 5.00%, 06/01/35 | 1,000 | 1,010,930 | ||||||
Series A, 5.00%, 06/01/40 | 2,050 | 2,054,713 | ||||||
|
| |||||||
5,210,251 | ||||||||
South Carolina — 4.1% | ||||||||
Charleston County Airport District, ARB(c) | ||||||||
Series A, AMT, 5.50%, 07/01/23 | 2,000 | 2,006,030 | ||||||
Series A, AMT, 6.00%, 07/01/23 | 1,695 | 1,701,138 | ||||||
County of Berkeley South Carolina, SAB 4.25%, 11/01/40 | 315 | 260,798 |
SCHEDULE OF INVESTMENTS | 8 |
Schedule of Investments (unaudited) (continued) April 30, 2023 | BlackRock MuniHoldings Fund, Inc. (MHD) (Percentages shown are based on Net Assets) |
Security | Par (000) | Value | ||||||
South Carolina (continued) | ||||||||
County of Berkeley South Carolina, SAB (continued) | ||||||||
4.38%, 11/01/49 | $ | 470 | $ | 360,443 | ||||
South Carolina Jobs-Economic Development Authority, RB(b) | ||||||||
5.00%, 01/01/40 | 485 | 456,578 | ||||||
5.00%, 01/01/55 | 845 | 719,550 | ||||||
South Carolina Jobs-Economic Development Authority, Refunding RB | ||||||||
5.00%, 02/01/38 | 2,875 | 2,924,904 | ||||||
4.00%, 12/01/44 | 2,015 | 1,966,156 | ||||||
Series A, 5.00%, 05/01/43 | 1,680 | 1,718,170 | ||||||
Series A, 4.25%, 05/01/48 | 1,445 | 1,336,775 | ||||||
South Carolina Ports Authority, ARB | ||||||||
AMT, 5.25%, 07/01/25(c) | 555 | 575,047 | ||||||
AMT, 5.00%, 07/01/55 | 710 | 723,489 | ||||||
Series B, AMT, 4.00%, 07/01/49 | 1,745 | 1,592,672 | ||||||
South Carolina Public Service Authority, RB | ||||||||
Series A, 5.50%, 12/01/54 | 4,450 | 4,490,290 | ||||||
Series E, 5.00%, 12/01/48 | 440 | 440,918 | ||||||
Series E, 5.50%, 12/01/53 | 2,500 | 2,512,230 | ||||||
South Carolina Public Service Authority, Refunding RB | ||||||||
Series A, 5.00%, 12/01/36 | 175 | 180,044 | ||||||
Series A, 5.00%, 12/01/50 | 1,035 | 1,040,782 | ||||||
Series E, 5.25%, 12/01/55 | 4,685 | 4,755,045 | ||||||
|
| |||||||
29,761,059 | ||||||||
South Dakota — 0.1% | ||||||||
City of Rapid City South Dakota Sales Tax Revenue, RB, 4.00%, 12/01/26(c) | 740 | 777,954 | ||||||
|
| |||||||
Tennessee — 2.7% | ||||||||
Chattanooga-Hamilton County Hospital Authority, Refunding RB, Series A, 5.00%, 10/01/44 | 875 | 875,673 | ||||||
Greeneville Health & Educational Facilities Board, Refunding RB, Series A, 4.00%, 07/01/40 | 375 | 358,005 | ||||||
Memphis-Shelby County Airport Authority, ARB | ||||||||
Series A, AMT, 5.00%, 07/01/45 | 3,515 | 3,660,124 | ||||||
Series A, AMT, 5.00%, 07/01/49 | 2,500 | 2,589,090 | ||||||
Metropolitan Government Nashville & Davidson County Health & Educational Facilities Board, Refunding RB | ||||||||
Series A, 4.00%, 10/01/49 | 230 | 177,257 | ||||||
Series A, 5.25%, 10/01/58 | 1,865 | 1,821,633 | ||||||
Tennessee Energy Acquisition Corp., Refunding RB, Series A-1, 5.00%, 05/01/53(a) | 9,665 | 10,007,247 | ||||||
|
| |||||||
19,489,029 | ||||||||
Texas — 8.4% | ||||||||
Arlington Higher Education Finance Corp., RB(b) | ||||||||
7.50%, 04/01/62 | 1,165 | 1,236,625 | ||||||
7.88%, 11/01/62 | 1,005 | 1,033,568 | ||||||
City of Austin Texas Airport System Revenue, ARB | ||||||||
AMT, 5.00%, 11/15/39 | 440 | 446,348 | ||||||
Series B, AMT, 5.00%, 11/15/44 | 1,290 | 1,338,621 | ||||||
City of Houston Texas Airport System Revenue, ARB, Series A, AMT, 6.63%, 07/15/38 | 225 | 225,054 | ||||||
City of Houston Texas Airport System Revenue, Refunding ARB, AMT, 5.00%, 07/15/27 | 130 | 132,176 |
Security | Par (000) | Value | ||||||
Texas (continued) | ||||||||
City of Houston Texas Airport System Revenue, Refunding RB | ||||||||
Series A, AMT, 5.00%, 07/01/27 | $ | 125 | $ | 127,348 | ||||
Sub-Series A, AMT, 4.00%, 07/01/40 | 1,525 | 1,469,623 | ||||||
Sub-Series A, AMT, 4.00%, 07/01/46 | 1,390 | 1,278,161 | ||||||
Sub-Series A, AMT, 4.00%, 07/01/48 | 3,420 | 3,103,937 | ||||||
Cypress-Fairbanks Independent School District, GO, (PSF), 4.00%, 02/15/48 | 630 | 619,049 | ||||||
El Paso Independent School District, GO, (PSF), 4.00%, 08/15/43 | 890 | 881,112 | ||||||
Fort Worth Independent School District, GO, (PSF), 4.00%, 02/15/48 | 1,370 | 1,348,288 | ||||||
Gunter Independent School District, GO, (PSF), 4.00%, 02/15/53 | 470 | 457,287 | ||||||
Harris County Cultural Education Facilities Finance Corp., Refunding RB, 4.00%, 10/01/47 | 655 | 626,464 | ||||||
Harris County-Houston Sports Authority, Refunding RB, Series G, Senior Lien, (NPFGC), 0.00%, 11/15/41(d) | 11,690 | 4,154,649 | ||||||
Howe Independent School District, GO, (PSF), 4.00%, 08/15/43 | 1,090 | 1,091,527 | ||||||
Leander Independent School District, Refunding GO, CAB, Series D, (PSF), 0.00%, 08/15/24(c)(d) | 370 | 213,251 | ||||||
Lower Colorado River Authority, Refunding RB, 5.50%, 05/15/33 | 2,240 | 2,244,081 | ||||||
Midland County Fresh Water Supply District No. 1, RB, CAB, Series A, 0.00%, 09/15/27(c)(d) | 14,680 | 7,277,589 | ||||||
New Hope Cultural Education Facilities Finance Corp., RB, Series A, 5.00%, 08/15/50(b) | 455 | 396,506 | ||||||
North Texas Tollway Authority, RB, Series B, 0.00%, 09/01/31(c)(d) | 2,415 | 1,200,190 | ||||||
North Texas Tollway Authority, Refunding RB | ||||||||
4.25%, 01/01/49 | 3,165 | 3,115,879 | ||||||
Series A, 5.00%, 01/01/48 | 1,060 | 1,105,164 | ||||||
San Antonio Public Facilities Corp., Refunding RB, Convertible, 4.00%, 09/15/42 | 5,150 | 5,009,003 | ||||||
San Antonio Water System, Refunding RB, Series A, Junior Lien, 5.00%, 05/15/48 | 945 | 987,110 | ||||||
Tarrant County Cultural Education Facilities Finance Corp., RB | ||||||||
Series A, 4.00%, 07/01/53 | 6,695 | 6,098,000 | ||||||
Series A, 5.00%, 07/01/53 | 2,080 | 2,165,039 | ||||||
Series B, 5.00%, 07/01/36 | 1,500 | 1,607,888 | ||||||
Series B, 5.00%, 07/01/48 | 3,330 | 3,428,718 | ||||||
Texas City Industrial Development Corp., RB, Series 2012, 4.13%, 12/01/45 | 255 | 222,682 | ||||||
Texas Department of Housing & Community Affairs, RB, S/F Housing | ||||||||
Series A, (GNMA COLL), 4.25%, 09/01/43 | 135 | 134,626 | ||||||
Series A, (GNMA COLL), 3.75%, 09/01/49 | 850 | 824,531 | ||||||
Texas Private Activity Bond Surface Transportation Corp., RB, AMT, 5.00%, 06/30/58 | 2,080 | 2,081,764 | ||||||
Texas Transportation Commission State Highway 249 System, RB, CAB(d) | ||||||||
0.00%, 08/01/35 | 270 | 145,453 | ||||||
0.00%, 08/01/36 | 145 | 72,498 | ||||||
0.00%, 08/01/37 | 195 | 90,611 | ||||||
0.00%, 08/01/38 | 200 | 86,746 | ||||||
0.00%, 08/01/39 | 1,000 | 407,509 | ||||||
0.00%, 08/01/43 | 795 | 250,695 |
9 |
Schedule of Investments (unaudited) (continued) April 30, 2023 | BlackRock MuniHoldings Fund, Inc. (MHD) (Percentages shown are based on Net Assets) |
Security | Par (000) | Value | ||||||
Texas (continued) | ||||||||
Texas Transportation Commission State Highway 249 System, RB, CAB(d) (continued) | ||||||||
0.00%, 08/01/44 | $ | 870 | $ | 256,352 | ||||
0.00%, 08/01/45 | 1,135 | 312,114 | ||||||
Texas Water Development Board, RB, | 1,195 | 1,185,974 | ||||||
|
| |||||||
60,489,810 | ||||||||
Utah — 0.7% | ||||||||
City of Salt Lake City Utah Airport Revenue, ARB | ||||||||
Series A, AMT, 5.00%, 07/01/43 | 530 | 546,128 | ||||||
Series A, AMT, 5.00%, 07/01/47 | 665 | 677,687 | ||||||
Series A, AMT, 5.00%, 07/01/48 | 2,205 | 2,250,399 | ||||||
Utah Charter School Finance Authority, RB | ||||||||
5.00%, 10/15/48 | 360 | 367,704 | ||||||
Series A, 5.00%, 06/15/39(b) | 200 | 187,744 | ||||||
Utah Charter School Finance Authority, Refunding RB | ||||||||
5.00%, 06/15/40(b) | 150 | 139,674 | ||||||
4.00%, 04/15/42 | 400 | 378,470 | ||||||
5.00%, 06/15/55(b) | 385 | 335,449 | ||||||
|
| |||||||
4,883,255 | ||||||||
Vermont — 0.1% | ||||||||
University of Vermont and State Agricultural College, Refunding RB, 4.00%, 10/01/37 | 500 | 502,228 | ||||||
Vermont Student Assistance Corp., RB, Series A, AMT, 4.13%, 06/15/30 | 285 | 286,356 | ||||||
|
| |||||||
788,584 | ||||||||
Virginia — 2.8% | ||||||||
Ballston Quarter Community Development Authority, TA, Series A, AMT, 5.38%, 03/01/36 | 465 | 369,701 | ||||||
Fairfax County Industrial Development Authority, Refunding RB, 4.00%, 05/15/42 | 4,870 | 4,858,663 | ||||||
Hampton Roads Transportation Accountability Commission, RB | ||||||||
Series A, 4.00%, 07/01/52 | 4,055 | 3,898,043 | ||||||
Series A, Senior Lien, 4.00%, 07/01/55 | 5,405 | 5,187,179 | ||||||
Roanoke Economic Development Authority, Refunding RB, 3.00%, 07/01/45 | 2,530 | 1,992,681 | ||||||
Virginia Beach Development Authority, Refunding RB | ||||||||
5.00%, 09/01/44 | 585 | 552,349 | ||||||
4.00%, 09/01/48 | 375 | 296,462 | ||||||
Virginia Housing Development Authority, RB, M/F Housing, Series B, 4.00%, 06/01/53 | 385 | 358,806 | ||||||
Virginia Small Business Financing Authority, RB, AMT, 5.00%, 12/31/52 | 2,330 | 2,306,952 | ||||||
|
| |||||||
19,820,836 | ||||||||
Washington — 1.9% | ||||||||
Port of Seattle Washington, ARB | ||||||||
Series A, AMT, 5.00%, 05/01/43 | 1,470 | 1,512,343 | ||||||
Series C, AMT, 5.00%, 04/01/40 | 930 | 941,997 | ||||||
Series C, AMT, Intermediate Lien, 5.00%, 05/01/37 | 1,450 | 1,509,879 | ||||||
Port of Seattle Washington, Refunding ARB, AMT, Intermediate Lien, 5.50%, 08/01/47 | 1,760 | 1,917,312 |
Security | Par (000) | Value | ||||||
Washington (continued) | ||||||||
State of Washington, COP, Series B, 5.00%, 07/01/37 | $ | 3,910 | $ | 4,220,153 | ||||
Washington State Convention Center Public Facilities District, RB, Class B, 3.00%, 07/01/58 | 3,715 | 2,456,184 | ||||||
Washington State Housing Finance Commission, Refunding RB(b) | ||||||||
5.00%, 01/01/38 | 600 | 528,142 | ||||||
5.00%, 01/01/43 | 900 | 759,735 | ||||||
|
| |||||||
13,845,745 | ||||||||
West Virginia — 0.4% | ||||||||
West Virginia Hospital Finance Authority, RB, Series A, 4.00%, 06/01/51 | 2,910 | 2,603,597 | ||||||
|
| |||||||
Wisconsin — 1.5% | ||||||||
Public Finance Authority, RB | ||||||||
Class A, 6.00%, 06/15/52 | 385 | 367,953 | ||||||
Class A, 6.13%, 06/15/57 | 435 | 418,754 | ||||||
Series A, 5.00%, 07/15/39(b) | 100 | 89,698 | ||||||
Series A, 5.00%, 10/15/40(b) | 425 | 400,293 | ||||||
Series A, 5.00%, 07/15/49(b) | 245 | 204,129 | ||||||
Series A, 5.00%, 10/15/50(b) | 540 | 482,775 | ||||||
Series A, 5.00%, 07/15/54(b) | 115 | 93,910 | ||||||
Series A, 5.00%, 07/01/55(b) | 300 | 261,091 | ||||||
Series A, 5.00%, 10/15/55(b) | 560 | 493,806 | ||||||
Series A-1, 4.50%, 01/01/35(b) | 230 | 205,035 | ||||||
Public Finance Authority, Refunding RB | ||||||||
5.00%, 09/01/49(b) | 165 | 128,779 | ||||||
5.00%, 09/01/54(b) | 130 | 99,662 | ||||||
Series A, 4.00%, 10/01/49 | 2,000 | 1,843,622 | ||||||
Series A, 5.00%, 11/15/49 | 335 | 309,191 | ||||||
AMT, 4.00%, 08/01/35 | 280 | 249,161 | ||||||
Wisconsin Health & Educational Facilities Authority, Refunding RB | ||||||||
5.00%, 04/01/44 | 2,005 | 2,095,662 | ||||||
4.00%, 12/01/46 | 2,055 | 1,954,476 | ||||||
Wisconsin Housing & Economic Development Authority Housing Revenue, RB, M/F Housing, Series A, 4.45%, 05/01/57 | 575 | 537,816 | ||||||
WPPI Energy, Refunding RB, Series A, | 665 | 677,714 | ||||||
|
| |||||||
10,913,527 | ||||||||
|
| |||||||
Total Municipal Bonds — 141.5% | 1,018,113,905 | |||||||
|
| |||||||
Municipal Bonds Transferred to Tender Option Bond Trusts(i) |
| |||||||
Arizona — 0.1% | ||||||||
Maricopa County Industrial Development Authority, RB, Series A, 4.00%, 01/01/41 | 915 | 894,839 | ||||||
|
| |||||||
Colorado — 0.6% | ||||||||
County of Adams Colorado, Refunding COP, 4.00%, 12/01/45 | 4,650 | 4,514,581 | ||||||
|
|
SCHEDULE OF INVESTMENTS | 10 |
Schedule of Investments (unaudited) (continued) April 30, 2023 | BlackRock MuniHoldings Fund, Inc. (MHD) (Percentages shown are based on Net Assets) |
Security | Par (000) | Value | ||||||
| ||||||||
District of Columbia — 0.2% | ||||||||
District of Columbia Housing Finance Agency, RB, M/F Housing, Series B-2, 4.10%, 09/01/39 | $ | 1,300 | $ | 1,268,388 | ||||
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Florida — 0.5% | ||||||||
City of Tampa Florida, RB, Series A, 4.00%, 11/15/46 | 1,930 | 1,743,176 | ||||||
Escambia County Health Facilities Authority, Refunding RB, 4.00%, 08/15/45(j) | 1,771 | 1,578,859 | ||||||
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3,322,035 | ||||||||
Georgia — 1.7% | ||||||||
Main Street Natural Gas, Inc., RB, Series B, 5.00%, 12/01/52 | 11,930 | 12,496,589 | ||||||
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Illinois — 0.1% | ||||||||
City of Chicago Illinois Waterworks Revenue, Refunding RB, 2nd Lien, (AGM), 5.25%, 11/01/33 | 480 | 480,799 | ||||||
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Iowa — 0.2% | ||||||||
Iowa Finance Authority, Refunding RB, Series E, 4.00%, 08/15/46 | 1,450 | 1,365,668 | ||||||
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Michigan — 0.3% | ||||||||
Michigan State Housing Development Authority, RB, M/F Housing, Series A, 4.05%, 10/01/48 | 2,338 | 2,099,452 | ||||||
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Nebraska — 0.8% | ||||||||
Central Plains Energy Project, RB, Series 1, 5.00%, 05/01/53 | 5,710 | 5,958,150 | ||||||
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New York — 0.4% | ||||||||
New York City Housing Development Corp., Refunding RB, Series A, 4.15%, 11/01/38 | 2,907 | 2,826,729 | ||||||
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Pennsylvania(j) — 0.9% | ||||||||
Commonwealth of Pennsylvania, GO, 1st Series, 4.00%, 03/01/38 | 3,650 | 3,727,676 | ||||||
Northampton County General Purpose Authority, Refunding RB, 4.00%, 11/01/38 | 2,596 | 2,589,766 | ||||||
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6,317,442 | ||||||||
Rhode Island — 0.2% | ||||||||
Rhode Island Health and Educational Building Corp., RB, Series A, 4.00%, 09/15/47 | 1,980 | 1,829,468 | ||||||
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Texas — 0.9% | ||||||||
County of Hidalgo Texas, GO, Series A, | 2,297 | 2,275,502 | ||||||
Tarrant County Cultural Education Facilities Finance Corp., RB, Series A, 5.00%, 11/15/38 | 4,456 | 4,458,760 | ||||||
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6,734,262 | ||||||||
West Virginia — 0.2% | ||||||||
Morgantown Utility Board, Inc., RB, Series B, 4.00%, 12/01/48(j) | 1,511 | 1,433,373 | ||||||
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Wisconsin — 0.6% | ||||||||
Wisconsin Housing & Economic Development Authority Housing Revenue, RB, M/F Housing Series A, 4.10%, 11/01/43 | 1,342 | 1,260,049 |
Security | Par (000) | Value | ||||||
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Wisconsin (continued) | ||||||||
Wisconsin Housing & Economic Development Authority Housing Revenue, RB, M/F Housing (continued) | ||||||||
Series A, 4.30%, 11/01/53 | $ | 1,395 | $ | 1,275,023 | ||||
Series A, 4.45%, 05/01/57 | 1,678 | 1,575,062 | ||||||
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4,110,134 | ||||||||
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Total Municipal Bonds Transferred to Tender Option Bond Trusts — 7.7% |
| 55,651,909 | ||||||
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Total Long-Term Investments — 149.2% | 1,073,765,814 | |||||||
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Shares | ||||||||
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Short-Term Securities | ||||||||
Money Market Funds — 2.7% | ||||||||
BlackRock Liquidity Funds, MuniCash, Institutional Class, 3.27%(k)(l) | 19,426,703 | 19,424,761 | ||||||
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Total Short-Term Securities — 2.7% | 19,424,761 | |||||||
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Total Investments — 151.9% | 1,093,190,575 | |||||||
Other Assets Less Liabilities — 1.1% | 8,130,068 | |||||||
Liability for TOB Trust Certificates, Including Interest Expense and Fees Payable — (4.7)% |
| (33,730,394 | ) | |||||
VMTP Shares at Liquidation Value, Net of Deferred Offering Costs — (48.3)% |
| (347,800,000 | ) | |||||
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Net Assets Applicable to Common Shares — 100.0% |
| $ | 719,790,249 | |||||
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(a) | Variable rate security. Interest rate resets periodically. The rate shown is the effective interest rate as of period end. Security description also includes the reference rate and spread if published and available. |
(b) | 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) | Zero-coupon bond. |
(e) | Step coupon security. Coupon rate will either increase (step-up bond) or decrease (step-down bond) at regular intervals until maturity. Interest rate shown reflects the rate currently in effect. |
(f) | Security is collateralized by municipal bonds or U.S. Treasury obligations. |
(g) | Issuer filed for bankruptcy and/or is in default. |
(h) | Non-income producing security. |
(i) | 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. |
(j) | All or a portion of the security is subject to a recourse agreement. The aggregate maximum potential amount the Fund could ultimately be required to pay under the agreements, which expire between March 1, 2026 to February 15, 2028, is $5,393,921. |
(k) | Affiliate of the Fund. |
(l) | Annualized 7-day yield as of period end. |
For Fund compliance purposes, the Fund’s sector classifications refer to one or more of the sector sub-classifications used by one or more widely recognized market indexes or rating group indexes, and/or as defined by the investment adviser. These definitions may not apply for purposes of this report, which may combine such sector sub-classifications for reporting ease.
11 |
Schedule of Investments (unaudited) (continued) April 30, 2023 | BlackRock MuniHoldings Fund, Inc. (MHD) |
Affiliates
Investments in issuers considered to be affiliate(s) of the Fund during the period ended April 30, 2023 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:
Affiliated Issuer | Value at 07/31/22 | Purchases at Cost | Proceeds from Sales | Net Realized Gain (Loss) | Change in Unrealized Appreciation (Depreciation) | Value at 04/30/23 | Shares Held at 04/30/23 | Income | Capital Gain Distributions from Underlying Funds | |||||||||||||||||||||||||||
BlackRock Liquidity Funds, MuniCash, Institutional Class | $ | 2,928,146 | $ | 16,492,597 | (a) | $ | — | $ | 4,430 | $ | (412 | ) | $ | 19,424,761 | 19,426,703 | $ | 216,386 | $ | — | |||||||||||||||||
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(a) | Represents net amount purchased (sold). |
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 | 135 | 06/21/23 | $ | 15,586 | $ | (490,182 | ) | |||||||||
U.S. Long Bond | 225 | 06/21/23 | 29,672 | (1,136,293 | ) | |||||||||||
5-Year U.S. Treasury Note | 140 | 06/30/23 | 15,393 | (375,068 | ) | |||||||||||
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$ | (2,001,543 | ) | ||||||||||||||
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Fair Value Hierarchy as of Period End
Various inputs are used in determining the fair value of 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); and |
• | Level 3 – Unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available (including the Valuation Committee’s assumptions used in determining the fair value of 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 Valuation Committee in determining the price for Fair Valued Investments. Level 3 investments include equity or debt issued by privately held companies or funds. There may not be a secondary market, and/or there are a limited number of investors. The categorization of a value determined for financial instruments is based on the pricing transparency of the 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 financial instruments, refer to its most recent financial statements.
The following table summarizes the Fund’s financial instruments categorized in the fair value hierarchy. The breakdown of the Fund’s financial instruments into major categories is disclosed in the Schedule of Investments above.
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Assets | ||||||||||||||||
Investments | ||||||||||||||||
Long-Term Investments | ||||||||||||||||
Municipal Bonds | $ | — | $ | 1,018,113,905 | $ | — | $ | 1,018,113,905 | ||||||||
Municipal Bonds Transferred to Tender Option Bond Trusts | — | 55,651,909 | — | 55,651,909 | ||||||||||||
Short-Term Securities | ||||||||||||||||
Money Market Funds | 19,424,761 | — | — | 19,424,761 | ||||||||||||
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$ | 19,424,761 | $ | 1,073,765,814 | $ | — | $ | 1,093,190,575 | |||||||||
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SCHEDULE OF INVESTMENTS | 12 |
Schedule of Investments (unaudited) (continued) April 30, 2023 | BlackRock MuniHoldings Fund, Inc. (MHD) |
Fair Value Hierarchy as of Period End (continued)
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Derivative Financial Instruments(a) | ||||||||||||||||
Liabilities | ||||||||||||||||
Interest Rate Contracts | $ | (2,001,543 | ) | $ | — | $ | — | $ | (2,001,543 | ) | ||||||
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(a) | Derivative financial instruments are futures contracts. Futures contracts are valued at the unrealized appreciation (depreciation) on the instrument. |
The Fund may hold assets and/or liabilities in which the fair value approximates the carrying amount for financial reporting purposes. As of period end, such assets and/or liabilities are categorized within the fair value hierarchy as follows:
| ||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
| ||||||||||||||||
Liabilities | ||||||||||||||||
TOB Trust Certificates | $ | — | $ | (33,397,058 | ) | $ | — | $ | (33,397,058 | ) | ||||||
VMTP Shares at Liquidation Value | — | (347,800,000 | ) | — | (347,800,000 | ) | ||||||||||
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$ | — | $ | (381,197,058 | ) | $ | — | $ | (381,197,058 | ) | |||||||
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Portfolio Abbreviation | ||
AGC | Assured Guaranty Corp. | |
AGM | Assured Guaranty Municipal Corp. | |
AGM-CR | AGM Insured Custodial Receipt | |
AMT | Alternative Minimum Tax | |
ARB | Airport Revenue Bonds | |
BAM | Build America Mutual Assurance Co. | |
BAM-TCRS | Build America Mutual Assurance Co.- Transferable | |
CAB | Capital Appreciation Bonds | |
COP | Certificates of Participation | |
CR | Custodian Receipt | |
FHLMC | Federal Home Loan Mortgage Corp. | |
FNMA | Federal National Mortgage Association | |
GNMA | Government National Mortgage Association | |
GO | General Obligation Bonds | |
GTD | GTD Guaranteed | |
M/F | Multi-Family | |
NPFGC | National Public Finance Guarantee Corp. | |
PSF | Permanent School Fund | |
RB | Revenue Bond | |
S/F | Single-Family | |
SAB | Special Assessment Bonds | |
SAW | State Aid Withholding | |
ST | Special Tax | |
TA | Tax Allocation |
13 |