| | |
Schedule of Investments (unaudited) November 30, 2019 | | BlackRock MuniHoldings New York Quality Fund, Inc. (MHN) (Percentages shown are based on Net Assets) |
| | | | | | | | |
Security | | Par (000) | | | Value | |
|
Municipal Bonds — 140.2% | |
|
New York — 136.4% | |
|
Corporate — 2.6% | |
City of New York Industrial Development Agency, Refunding RB, Transportation Infrastructure Properties LLC, Series A, AMT, 5.00%, 07/01/28 | | $ | 820 | | | $ | 884,140 | |
New York Liberty Development Corp., Refunding RB, Goldman Sachs Headquarters, 5.25%, 10/01/35 | | | 8,445 | | | | 11,494,912 | |
| | | | | | | | |
| | | | | | | 12,379,052 | |
|
County/City/Special District/School District — 32.3% | |
City of New York, GO, Refunding: | | | | | | | | |
Fiscal 2012, Series I, 5.00%, 08/01/32 | | | 490 | | | | 537,020 | |
Fiscal 2014, Series E, 5.00%, 08/01/32 | | | 2,000 | | | | 2,258,560 | |
Series E, 5.50%, 08/01/25 | | | 2,710 | | | | 3,126,554 | |
Series E, 5.00%, 08/01/30 | | | 2,000 | | | | 2,229,720 | |
City of New York, GO: | | | | | | | | |
SeriesA-1, 5.00%, 08/01/35 | | | 2,350 | | | | 2,489,943 | |
Sub-SeriesD-1, 5.00%, 10/01/33 | | | 4,175 | | | | 4,452,137 | |
Sub-SeriesD-1, Fiscal 2014, 5.00%, 08/01/31 | | | 945 | | | | 1,068,351 | |
Sub-SeriesF-1, 5.00%, 04/01/43 | | | 4,550 | | | | 5,539,989 | |
City of New York Convention Center Development Corp., RB, CAB, Sub Lien, Hotel Unit Fee, Series B (AGM)(a): | | | | | | | | |
0.00%, 11/15/55 | | | 2,485 | | | | 809,712 | |
0.00%, 11/15/56 | | | 3,765 | | | | 1,184,958 | |
City of New York Convention Center Development Corp., Refunding RB, Hotel Unit Fee Secured: | | | | | | | | |
5.00%, 11/15/40 | | | 6,150 | | | | 7,242,855 | |
5.00%, 11/15/45 | | | 12,215 | | | | 14,458,040 | |
City of New York Industrial Development Agency, RB, PILOT: | | | | | | | | |
CAB, Yankee Stadium Project, Series A (AGC), 0.00%, 03/01/39(a) | | | 1,380 | | | | 780,528 | |
Queens Baseball Stadium (AGC), 6.38%, 01/01/39 | | | 800 | | | | 802,784 | |
Queens Baseball Stadium (AMBAC), 5.00%, 01/01/31 | | | 3,500 | | | | 3,508,680 | |
Queens Baseball Stadium (AMBAC), 5.00%, 01/01/36 | | | 6,150 | | | | 6,164,514 | |
Yankee Stadium Project (NPFGC), 5.00%, 03/01/36 | | | 2,200 | | | | 2,205,676 | |
Yankee Stadium Project (NPFGC), 5.00%, 03/01/46 | | | 9,500 | | | | 9,520,425 | |
| | | | | | | | |
Security | | Par (000) | | | Value | |
|
County/City/Special District/School District (continued) | |
City of New York Transitional Finance Authority Future Tax Secured, RB: | | | | | | | | |
Fiscal 2014,Sub-SeriesA-1, 5.00%, 11/01/38 | | $ | 950 | | | $ | 1,071,581 | |
Fiscal 2014,Sub-SeriesB-1, 5.00%, 11/01/36 | | | 1,690 | | | | 1,933,664 | |
Fiscal 2016,Sub-SeriesB-1, 5.00%, 11/01/38 | | | 1,455 | | | | 1,713,481 | |
Future Tax Secured Subordinate Bonds, SubSeriesA-1, 5.00%, 08/01/40 | | | 860 | | | | 1,054,816 | |
Future Tax Secured,Sub-SeriesA-3, 4.00%, 08/01/43 | | | 2,790 | | | | 3,078,235 | |
Future Tax Secured,Sub-SeriesE-1, 5.00%, 02/01/39 | | | 2,730 | | | | 3,280,586 | |
Future Tax Secured,Sub-SeriesE-1, 5.00%, 02/01/43 | | | 2,510 | | | | 2,999,375 | |
Future Tax Secured,Sub-SeriesF-1, 5.00%, 05/01/42 | | | 8,825 | | | | 10,592,294 | |
SeriesA-2, 5.00%, 08/01/38 | | | 3,440 | | | | 4,167,560 | |
Sub-SeriesB-1, 5.00%, 11/01/35 | | | 2,100 | | | | 2,406,978 | |
County of Nassau New York, GO, Series A, 5.00%, 01/15/31 | | | 1,400 | | | | 1,690,738 | |
County of Nassau New York, GO, Refunding, Series C, 5.00%, 10/01/31 | | | 1,980 | | | | 2,420,075 | |
County of Nassau New York, GOL, General Improvement Bonds, Series B (AGM), 5.00%, 07/01/45 | | | 1,815 | | | | 2,190,487 | |
Hudson Yards Infrastructure Corp., Refunding RB, Series A: | | | | | | | | |
5.00%, 02/15/39 | | | 2,285 | | | | 2,736,653 | |
5.00%, 02/15/42 | | | 5,975 | | | | 7,156,736 | |
4.00%, 02/15/44 | | | 2,230 | | | | 2,458,976 | |
Metropolitan Transportation Authority, Refunding RB: | | | | | | | | |
Dedicated Tax Fund,Sub-SeriesB-1, 5.00%, 11/15/31 | | | 4,000 | | | | 4,570,040 | |
Green Bond, SubSeriesB-1, 5.00%, 11/15/51 | | | 2,360 | | | | 2,809,674 | |
Green Bonds, Climate Bond Certified,Sub-Series B-2, 4.00%, 11/15/34 | | | 2,500 | | | | 2,854,375 | |
Metropolitan Transportation Authority, RB, Green Bonds, Series A, 5.00%, 11/15/42 | | | 3,500 | | | | 4,189,395 | |
New York Convention Center Development Corp., RB, Hotel Unit Fee Secured, Series B(a): | | | | | | | | |
CAB, Sub Lien, 0.00%, 11/15/32 | | | 565 | | | | 403,348 | |
0.00%, 11/15/42 | | | 2,185 | | | | 1,074,780 | |
0.00%, 11/15/47 | | | 5,600 | | | | 2,273,096 | |
0.00%, 11/15/48 | | | 2,665 | | | | 1,051,316 | |
| | |
Schedule of Investments (unaudited) (continued) November 30, 2019 | | BlackRock MuniHoldings New York Quality Fund, Inc. (MHN) (Percentages shown are based on Net Assets) |
| | | | | | | | |
Security | | Par (000) | | | Value | |
|
County/City/Special District/School District (continued) | |
4, 5.00%, 11/15/31 | | $ | 1,710 | | | $ | 1,822,433 | |
New York Liberty Development Corp., Refunding RB, World Trade Center Project: | | | | | | | | |
4, 5.00%, 11/15/44 | | | 4,000 | | | | 4,243,800 | |
7 Class 1, 4.00%, 09/15/35 | | | 885 | | | | 926,648 | |
7 Class 2, 5.00%, 09/15/43 | | | 3,430 | | | | 3,683,751 | |
5.75%, 11/15/51 | | | 1,755 | | | | 1,897,524 | |
| | | | | | | | |
| | | | | | | 151,132,861 | |
|
Education — 21.5% | |
Albany Capital Resource Corp., Refunding RB, Albany College of Pharmacy and Health Sciences, Series A: | | | | | | | | |
5.00%, 12/01/30 | | | 250 | | | | 287,808 | |
5.00%, 12/01/32 | | | 100 | | | | 114,427 | |
Amherst Development Corp., Refunding RB, University at Buffalo Foundation Faculty-Student Housing Corp., Series A (AGM), 4.63%, 10/01/20(b) | | | 4,975 | | | | 5,122,459 | |
Build NYC Resource Corp., Refunding RB: | | | | | | | | |
City University Queens College, Series A, 5.00%, 06/01/43 | | | 450 | | | | 506,484 | |
Manhattan College Project, 4.00%, 08/01/42 | | | 525 | | | | 565,651 | |
Manhattan College Project, 5.00%, 08/01/47 | | | 505 | | | | 587,850 | |
City of Albany New York Capital Resource Corp., Refunding RB, Albany College of Pharmacy and Health Sciences, Series A, 4.00%, 12/01/34 | | | 110 | | | | 118,245 | |
City of New York Trust for Cultural Resources, Refunding RB, Series A: | | | | | | | | |
American Museum of Natural History, 5.00%, 07/01/37 | | | 1,775 | | | | 2,034,008 | |
American Museum of Natural History, 5.00%, 07/01/41 | | | 750 | | | | 855,802 | |
Carnegie Hall, 4.75%, 12/01/39 | | | 3,150 | | | | 3,150,000 | |
Carnegie Hall, 5.00%, 12/01/39 | | | 1,850 | | | | 1,850,000 | |
Wildlife Conservation Society, 5.00%, 08/01/42 | | | 2,840 | | | | 3,140,358 | |
City of Troy New York Capital Resource Corp., Refunding RB, Rensselaer Polytechnic Institute Project, Series A, 5.13%, 09/01/40 | | | 5,535 | | | | 5,692,139 | |
| | | | | | | | |
Security | | Par (000) | | | Value | |
|
Education (continued) | |
Counties of Buffalo & Erie New York Industrial Development Agency, RB, City School District of Buffalo Project, Series A, 5.25%, 05/01/31 | | $ | 1,000 | | | $ | 1,055,980 | |
Counties of Buffalo & Erie New York Industrial Development Agency, Refunding RB, City School District of Buffalo Project, 5.00%, 05/01/28 | | | 1,685 | | | | 2,038,429 | |
Counties of Buffalo & Erie New York Industrial Land Development Corp., Refunding RB, Buffalo State College Foundation Housing Corp. Project, Series A, 5.38%, 10/01/41 | | | 1,000 | | | | 1,046,470 | |
County of Dutchess New York Local Development Corp., RB, Marist College Project: | | | | | | | | |
5.00%, 07/01/43 | | | 570 | | | | 698,546 | |
5.00%, 07/01/48 | | | 855 | | | | 1,039,791 | |
County of Dutchess New York Local Development Corp., Refunding RB, Vassar College Project: | | | | | | | | |
5.00%, 07/01/42 | | | 985 | | | | 1,191,298 | |
4.00%, 07/01/46 | | | 1,865 | | | | 2,057,766 | |
County of Madison New York Capital Resource Corp., RB, Colgate University Project, Series B: | | | | | | | | |
5.00%, 07/01/40 | | | 685 | | | | 801,039 | |
5.00%, 07/01/43 | | | 2,480 | | | | 2,900,236 | |
County of Monroe New York Industrial Development Corp., Refunding RB, University of Rochester Project, Series A: | | | | | | | | |
5.00%, 07/01/23(b) | | | 1,240 | | | | 1,412,732 | |
4.00%, 07/01/39 | | | 350 | | | | 387,611 | |
County of Onondaga New York, RB, Syracuse University Project: | | | | | | | | |
5.00%, 12/01/29 | | | 1,135 | | | | 1,218,922 | |
5.00%, 12/01/36 | | | 1,100 | | | | 1,176,681 | |
County of Orange New York Funding Corp., Refunding RB, Mount St. Mary College Project, Series A: | | | | | | | | |
5.00%, 07/01/37 | | | 715 | | | | 758,679 | |
5.00%, 07/01/42 | | | 445 | | | | 468,914 | |
County of St. Lawrence New York Industrial Development Agency, RB, Clarkson University Project: | | | | | | | | |
6.00%, 09/01/34 | | | 300 | | | | 322,056 | |
5.38%, 09/01/41 | | | 125 | | | | 132,253 | |
| | |
Schedule of Investments (unaudited) (continued) November 30, 2019 | | BlackRock MuniHoldings New York Quality Fund, Inc. (MHN) (Percentages shown are based on Net Assets) |
| | | | | | | | |
Security | | Par (000) | | | Value | |
|
Education (continued) | |
County of Tompkins New York Development Corp., RB, Ithaca College Project (AGM)(b): | | | | | | | | |
5.25%, 01/01/21 | | $ | 700 | | | $ | 731,668 | |
5.50%, 01/01/21 | | | 500 | | | | 523,955 | |
County of Tompkins New York Industrial Development Agency, RB, Civic Facility Cornell University Project, Series A, 5.00%, 07/01/37 | | | 500 | | | | 510,635 | |
Dobbs Ferry Local Development Corp., RB, Mercy College Project, 5.00%, 07/01/39 | | | 750 | | | | 851,452 | |
State of New York Dormitory Authority, RB: | | | | | | | | |
Convent of the Sacred Heart (AGM), 5.75%, 11/01/40 | | | 1,770 | | | | 1,864,660 | |
Fordham University, Series A, 5.00%, 07/01/21(b) | | | 175 | | | | 185,913 | |
Fordham University, Series A, 5.50%, 07/01/21(b) | | | 1,375 | | | | 1,471,484 | |
New School (AGM), 5.50%, 07/01/20(b) | | | 3,265 | | | | 3,349,433 | |
New York University, Series 1 (AMBAC), 5.50%, 07/01/40 | | | 3,500 | | | | 5,011,440 | |
New York University, Series B, 5.00%, 07/01/42 | | | 3,000 | | | | 3,263,910 | |
State University Dormitory Facilities, Series A, 5.00%, 07/01/20(b) | | | 750 | | | | 766,102 | |
State University Dormitory Facilities, Series A, 5.00%, 07/01/20(b) | | | 1,500 | | | | 1,531,050 | |
State University Dormitory Facilities, Series A, 5.00%, 07/01/21(b) | | | 1,500 | | | | 1,581,975 | |
State of New York Dormitory Authority, Refunding RB: | | | | | | | | |
Barnard College, Series A, 5.00%, 07/01/34 | | | 900 | | | | 1,058,004 | |
Barnard College, Series A, 4.00%, 07/01/37 | | | 510 | | | | 564,769 | |
Barnard College, Series A, 5.00%, 07/01/43 | | | 1,520 | | | | 1,771,530 | |
Cornell University, Series A, 5.00%, 07/01/40 | | | 1,000 | | | | 1,020,570 | |
Fordham University, 5.00%, 07/01/44 | | | 1,900 | | | | 2,160,167 | |
Icahn School of Medicine at Mount Sinai, Series A, 5.00%, 07/01/35 | | | 1,030 | | | | 1,184,819 | |
| | | | | | | | |
Security | | Par (000) | | | Value | |
|
Education (continued) | |
New York University, Series A, 5.00%, 07/01/31 | | $ | 3,000 | | | $ | 3,287,490 | |
New York University, Series A, 5.00%, 07/01/37 | | | 4,180 | | | | 4,563,682 | |
St. John’s University, Series A, 5.00%, 07/01/37 | | | 2,005 | | | | 2,309,600 | |
State University Dormitory Facilities, Series A, 5.00%, 07/01/22(b) | | | 1,490 | | | | 1,619,079 | |
State University Dormitory Facilities, Series A, 5.25%, 07/01/23(b) | | | 4,755 | | | | 5,434,965 | |
State University Dormitory Facilities, Series A, 5.25%, 07/01/23(b) | | | 6,435 | | | | 7,355,205 | |
State University Dormitory Facilities, Series A, 5.00%, 07/01/46 | | | 1,540 | | | | 1,845,274 | |
Town of Hempstead New York Local Development Corp., Refunding RB, Hofstra University Project, 5.00%, 07/01/47 | | | 1,030 | | | | 1,230,768 | |
Troy Capital Resource Corp., Refunding RB, Rensselaer Polytechnic Institute Project, 4.00%, 09/01/40(c) | | | 820 | | | | 904,271 | |
| | | | | | | | |
| | | | | | | 100,686,504 | |
|
Health — 9.2% | |
City of New York Health & Hospital Corp., Refunding RB, Health System, Series A, 5.00%, 02/15/30 | | | 1,800 | | | | 1,813,626 | |
County of Dutchess New York Industrial Development Agency, RB, Vassar Brothers Medical Center (AGC), 5.50%, 10/01/20(b) | | | 500 | | | | 518,420 | |
County of Dutchess New York Local Development Corp., RB, Health Quest Systems, Inc., Series B, 4.00%, 07/01/41 | | | 4,495 | | | | 4,853,342 | |
County of Monroe New York Industrial Development Corp., RB, Rochester General Hospital Project: | | | | | | | | |
4.00%, 12/01/41 | | | 500 | | | | 538,200 | |
5.00%, 12/01/46 | | | 800 | | | | 926,424 | |
Series A, 5.00%, 12/01/37 | | | 1,180 | | | | 1,289,952 | |
| | |
Schedule of Investments (unaudited) (continued) November 30, 2019 | | BlackRock MuniHoldings New York Quality Fund, Inc. (MHN) (Percentages shown are based on Net Assets) |
| | | | | | | | |
Security | | Par (000) | | | Value | |
|
Health (continued) | |
County of Monroe New York Industrial Development Corp., Refunding RB, Unity Hospital of Rochester Project (FHA), 5.50%, 08/15/40 | | $ | 5,925 | | | $ | 6,185,937 | |
County of Oneida New York Local Development Corp., Refunding RB, Mohawk Valley Health System Project (AGM), 3.00%, 12/01/44 | | | 2,315 | | | | 2,245,064 | |
County of Suffolk New York EDC, RB, Catholic Health Services, Series C, 5.00%, 07/01/32 | | | 460 | | | | 523,167 | |
County of Westchester New York Healthcare Corp., Refunding RB, Senior Lien, Remarketing, Series A, 5.00%, 11/01/30 | | | 1,340 | | | | 1,421,084 | |
State of New York Dormitory Authority, RB: | | | | | | | | |
New York University Hospitals Center, Series A, 5.75%, 07/01/20(b) | | | 2,680 | | | | 2,752,869 | |
New York University Hospitals Center, Series A, 6.00%, 07/01/20(b) | | | 1,800 | | | | 1,851,516 | |
North Shore-Long Island Jewish Obligated Group, Series C, 4.25%, 05/01/39 | | | 1,000 | | | | 1,051,060 | |
North Shore-Long Island Jewish Obligated Group, Series D, 4.25%, 05/01/39 | | | 685 | | | | 719,976 | |
State of New York Dormitory Authority, Refunding RB: | | | | | | | | |
Catholic Health System Obligation, 4.00%, 07/01/45 | | | 620 | | | | 671,596 | |
Memorial Sloan-Kettering Cancer Center, Series 1, 5.00%, 07/01/42 | | | 2,200 | | | | 2,672,428 | |
North Shore-Long Island Jewish Obligated Group, Series A, 5.00%, 05/01/21(b) | | | 2,000 | | | | 2,111,340 | |
North Shore-Long Island Jewish Obligated Group, Series A, 5.25%, 05/01/21(b) | | | 7,375 | | | | 7,811,305 | |
| | | | | | | | |
Security | | Par (000) | | | Value | |
|
Health (continued) | |
North Shore-Long Island Jewish Obligated Group, Series A, 5.00%, 05/01/32 | | $ | 2,645 | | | $ | 3,063,783 | |
| | | | | | | | |
| | | | | | | 43,021,089 | |
|
Housing — 6.9% | |
City of New York Housing Development Corp., RB, M/F Housing, Fund Grant Program, New York City Housing Authority Program, Series B1: | | | | | | | | |
5.25%, 07/01/32 | | | 6,505 | | | | 7,265,435 | |
5.00%, 07/01/33 | | | 1,375 | | | | 1,538,584 | |
City of New York Housing Development Corp., Refunding RB, M/F Housing: | | | | | | | | |
8 Spruce Street, Class F, 4.50%, 02/15/48 | | | 1,075 | | | | 1,137,275 | |
Sustainable Neighborhood, SeriesB-1-A, 3.65%, 11/01/49 | | | 1,040 | | | | 1,071,751 | |
Sustainable Neighborhood, SeriesB-1-A, 3.75%, 11/01/54 | | | 1,435 | | | | 1,483,029 | |
State of New York HFA, RB: | | | | | | | | |
M/F Affordable Housing, Green Bond, Climate Bond Certified, Series D (SONYMA), 3.80%, 11/01/49 | | | 1,700 | | | | 1,785,170 | |
M/F Affordable Housing, Series B (Ginnie Mae, Fannie Mae & Freddie Mac), 4.00%, 11/01/42 | | | 845 | | | | 899,367 | |
M/F Affordable Housing, Series E (SONYMA), 3.80%, 11/01/49 | | | 910 | | | | 955,591 | |
M/F Housing, Green Bonds, Series H, 4.15%, 11/01/43 | | | 1,375 | | | | 1,486,705 | |
M/F Housing, Green Bonds, Series H, 4.20%, 11/01/48 | | | 905 | | | | 972,775 | |
M/F Housing, St. Philip’s Housing, Series A, AMT, 4.65%, 11/15/38 | | | 1,000 | | | | 1,007,630 | |
State of New York Mortgage Agency, Refunding RB: | | | | | | | | |
S/F Housing, Series 194, AMT, 3.80%, 04/01/28 | | | 3,140 | | | | 3,256,525 | |
S/F Housing, Series 213, 4.20%, 10/01/43 | | | 1,910 | | | | 2,074,929 | |
S/F Housing, Series 217, 3.80%, 04/01/45 | | | 895 | | | | 943,223 | |
Series 190, 3.80%, 10/01/40 | | | 2,880 | | | | 2,987,395 | |
Series 218, AMT, 3.60%, 04/01/33 | | | 905 | | | | 962,839 | |
Series 218, AMT, 3.85%, 04/01/38 | | | 325 | | | | 344,269 | |
| | |
Schedule of Investments (unaudited) (continued) November 30, 2019 | | BlackRock MuniHoldings New York Quality Fund, Inc. (MHN) (Percentages shown are based on Net Assets) |
| | | | | | | | |
Security | | Par (000) | | | Value | |
|
Housing (continued) | |
Yonkers Industrial Development Corp., RB, Monastery Manor Associates LP Project, Series A, AMT (SONYMA), 5.25%, 04/01/37 | | $ | 2,000 | | | $ | 2,004,640 | |
| | | | | | | | |
| | | | | | | 32,177,132 | |
|
State — 10.6% | |
City of New York Transitional Finance Authority Building Aid Revenue, Refunding RB, SeriesS-3, 4.00%, 07/15/38 | | | 5,045 | | | | 5,713,513 | |
Sales Tax Asset Receivable Corp., Refunding RB, Fiscal 2015, Series A, 4.00%, 10/15/32 | | | 2,070 | | | | 2,308,733 | |
State of New York Dormitory Authority, RB: | | | | | | | | |
Bid Group 2, Series A, 5.00%, 03/15/38 | | | 1,000 | | | | 1,202,290 | |
General Purpose, Series A, 5.00%, 02/15/36 | | | 4,500 | | | | 4,990,185 | |
General Purpose, Series B, 5.00%, 03/15/37 | | | 3,000 | | | | 3,235,590 | |
Group B, State Sales Tax, Series A, 5.00%, 03/15/39 | | | 1,465 | | | | 1,756,301 | |
Group C, Sales Tax, Series A, 5.00%, 03/15/41 | | | 7,125 | | | | 8,513,164 | |
Series A, 5.00%, 02/15/42 | | | 7,500 | | | | 8,890,650 | |
Series B, 5.00%, 03/15/37 | | | 1,500 | | | | 1,767,270 | |
Series B, 5.00%, 03/15/42 | | | 4,600 | | | | 4,948,910 | |
State Personal Income Tax, Series A, 5.00%, 02/15/43 | | | 495 | | | | 545,460 | |
State of New York Dormitory Authority, Refunding RB: | | | | | | | | |
Group 3, Series E, 5.00%, 03/15/41 | | | 2,800 | | | | 3,431,400 | |
Series C, 5.00%, 03/15/38 | | | 100 | | | | 122,766 | |
State of New York Urban Development Corp., RB, State Personal Income Tax, Series C, 5.00%, 03/15/32 | | | 2,000 | | | | 2,229,160 | |
| | | | | | | | |
| | | | | | | 49,655,392 | |
|
Tobacco — 2.6% | |
Chautauqua Tobacco Asset Securitization Corp., Refunding RB: | | | | | | | | |
5.00%, 06/01/48 | | | 680 | | | | 696,572 | |
Asset-Backed, 4.75%, 06/01/39 | | | 1,875 | | | | 1,937,250 | |
| | | | | | | | |
Security | | Par (000) | | | Value | |
|
Tobacco (continued) | |
Counties of New York Tobacco Trust VI, Refunding RB, Tobacco Settlement Pass-Through: | | | | | | | | |
Series A, 5.00%, 06/01/41 | | $ | 400 | | | $ | 445,220 | |
SeriesA-2B, 5.00%, 06/01/45 | | | 2,010 | | | | 2,132,811 | |
SeriesA-2B, 5.00%, 06/01/51 | | | 765 | | | | 820,340 | |
County of Niagara New York Tobacco Asset Securitization Corp., Refunding RB, Asset-Backed: | | | | | | | | |
5.25%, 05/15/34 | | | 1,495 | | | | 1,621,417 | |
5.25%, 05/15/40 | | | 1,500 | | | | 1,606,680 | |
TSASC, Inc., Refunding RB, Series A, 5.00%, 06/01/35 | | | 260 | | | | 306,277 | |
Westchester Tobacco Asset Securitization Corp., Refunding RB, Tobacco Settlement Bonds,Sub-Series C, 4.00%, 06/01/42 | | | 2,425 | | | | 2,523,698 | |
| | | | | | | | |
| | | | | | | 12,090,265 | |
|
Transportation — 34.7% | |
Buffalo & Fort Erie Public Bridge Authority, RB: | | | | | | | | |
5.00%, 01/01/47 | | | 750 | | | | 874,455 | |
Toll Bridge System, 5.00%, 01/01/42 | | | 1,565 | | | | 1,837,404 | |
Metropolitan Transportation Authority, RB: | | | | | | | | |
Series A, 5.00%, 11/15/21(b) | | | 1,000 | | | | 1,076,780 | |
Series A, 5.00%, 05/15/23(b) | | | 3,000 | | | | 3,403,440 | |
SeriesA-1, 5.25%, 11/15/23(b) | | | 1,620 | | | | 1,883,947 | |
SeriesA-1, 5.25%, 11/15/23(b) | | | 1,620 | | | | 1,883,947 | |
Series B, 5.25%, 11/15/44 | | | 1,000 | | | | 1,135,420 | |
Series D, 5.25%, 11/15/21(b) | | | 440 | | | | 475,900 | |
Series E, 5.00%, 11/15/38 | | | 8,750 | | | | 9,772,613 | |
Series E, 5.00%, 11/15/43 | | | 1,000 | | | | 1,110,790 | |
Sub-Series B, 5.00%, 11/15/23(b) | | | 1,000 | | | | 1,153,280 | |
Metropolitan Transportation Authority, Refunding RB: | | | | | | | | |
Green Bond, Climate Bond Certified,Sub-Series A-3 (AGM), 4.00%, 11/15/46 | | | 855 | | | | 943,287 | |
Green Bond, Series A1, 5.00%, 11/15/37 | | | 1,500 | | | | 1,779,930 | |
Green Bonds, SeriesA-1, 5.25%, 11/15/56 | | | 1,830 | | | | 2,156,783 | |
Green Bonds, SeriesA-1, 5.25%, 11/15/57 | | | 1,505 | | | | 1,793,719 | |
| | |
Schedule of Investments (unaudited) (continued) November 30, 2019 | | BlackRock MuniHoldings New York Quality Fund, Inc. (MHN) (Percentages shown are based on Net Assets) |
| | | | | | | | |
Security | | Par (000) | | | Value | |
|
Transportation (continued) | |
SeriesC-1, 5.00%, 11/15/36 | | $ | 1,845 | | | $ | 2,178,705 | |
Series D, 5.25%, 11/15/21(b) | | | 1,560 | | | | 1,687,280 | |
Series D, 5.00%, 11/15/30 | | | 885 | | | | 973,438 | |
Metropolitan Transportation Authority Hudson Rail Yards Trust Obligations, Refunding RB, Series A, 5.00%, 11/15/56 | | | 5,410 | | | | 6,015,595 | |
New York Liberty Development Corp., RB, World Trade Center Port Authority Consolidated, 5.25%, 12/15/43 | | | 11,500 | | | | 12,396,885 | |
New York Transportation Development Corp., ARB, LaGuardia Airport Terminal B Redevelopment Project, Series A, AMT: | | | | | | | | |
5.00%, 07/01/41 | | | 1,805 | | | | 1,999,001 | |
5.00%, 07/01/46 | | | 12,525 | | | | 13,829,103 | |
5.25%, 01/01/50 | | | 965 | | | | 1,074,614 | |
(AGM), 4.00%, 07/01/41 | | | 1,250 | | | | 1,321,213 | |
Niagara Frontier Transportation Authority, Refunding ARB, Buffalo Niagara International Airport, AMT: | | | | | | | | |
5.00%, 04/01/34 | | | 100 | | | | 120,805 | |
5.00%, 04/01/35 | | | 90 | | | | 108,257 | |
5.00%, 04/01/36 | | | 95 | | | | 113,934 | |
5.00%, 04/01/37 | | | 55 | | | | 65,819 | |
5.00%, 04/01/38 | | | 55 | | | | 65,646 | |
5.00%, 04/01/39 | | | 80 | | | | 95,234 | |
Port Authority of New York & New Jersey, ARB: | | | | | | | | |
Consoliated Bonds, AMT, 4.00%, 11/01/59(c) | | | 4,905 | | | | 5,349,491 | |
Consolidated, 163rd Series, 5.00%, 07/15/35 | | | 2,500 | | | | 2,556,500 | |
Consolidated, 183rd Series, 4.00%, 06/15/44 | | | 1,500 | | | | 1,619,070 | |
Special Project, JFK International Air Terminal LLC Project, Series 6, AMT (NPFGC), 5.75%, 12/01/22 | | | 12,485 | | | | 12,951,065 | |
Port Authority of New York & New Jersey, Refunding ARB: | | | | | | | | |
178th Series, AMT, 5.00%, 12/01/33 | | | 1,000 | | | | 1,125,890 | |
179th Series, 5.00%, 12/01/38 | | | 1,390 | | | | 1,569,602 | |
195th Series, AMT, 5.00%, 04/01/36 | | | 1,400 | | | | 1,655,360 | |
| | | | | | | | |
Security | | Par (000) | | | Value | |
|
Transportation (continued) | |
Consolidated, 177th Series, AMT, 4.00%, 01/15/43 | | $ | 285 | | | $ | 298,959 | |
Consolidated, 178th Series, AMT, 5.00%, 12/01/43 | | | 750 | | | | 835,673 | |
Consolidated, 206th Series, AMT, 5.00%, 11/15/42 | | | 2,375 | | | | 2,837,246 | |
Consolidated, 211th Series, 4.00%, 09/01/43 | | | 5,000 | | | | 5,645,100 | |
State of New York Thruway Authority, RB, Junior Lien, Series A: | | | | | | | | |
5.00%, 01/01/41 | | | 1,770 | | | | 2,070,422 | |
5.25%, 01/01/56 | | | 1,080 | | | | 1,260,500 | |
State of New York Thruway Authority, Refunding RB: | | | | | | | | |
General, Series I, 5.00%, 01/01/22(b) | | | 3,770 | | | | 4,077,707 | |
General, Series I, 5.00%, 01/01/22(b) | | | 4,270 | | | | 4,617,663 | |
General, Series J, 5.00%, 01/01/41 | | | 5,000 | | | | 5,617,950 | |
General, Series K, 5.00%, 01/01/29 | | | 1,750 | | | | 2,059,243 | |
General, Series K, 5.00%, 01/01/31 | | | 1,000 | | | | 1,169,680 | |
Series L, 5.00%, 01/01/35 | | | 810 | | | | 987,463 | |
Triborough Bridge & Tunnel Authority, RB, Series B: | | | | | | | | |
5.00%, 11/15/40 | | | 940 | | | | 1,108,410 | |
5.00%, 11/15/45 | | | 820 | | | | 963,344 | |
Triborough Bridge & Tunnel Authority, Refunding RB: | | | | | | | | |
General, CAB, Series B, 0.00%, 11/15/32(a) | | | 7,670 | | | | 5,647,498 | |
General, Remarketing, Series A, 5.00%, 11/15/36 | | | 1,000 | | | | 1,101,910 | |
General, Series A, 5.00%, 11/15/41 | | | 5,000 | | | | 5,938,700 | |
General, Series A, 5.25%, 11/15/45 | | | 1,280 | | | | 1,509,978 | |
General, Series A, 5.00%, 11/15/50 | | | 3,000 | | | | 3,493,380 | |
MTA Bridge and Tunnels, Series C, 5.00%, 11/15/37 | | | 870 | | | | 1,084,977 | |
Series B, 5.00%, 11/15/38 | | | 8,225 | | | | 9,981,860 | |
| | | | | | | | |
| | | | | | | 162,461,865 | |
|
Utilities — 16.0% | |
City of New York Municipal Water Finance Authority, RB, Water & Sewer System, 2nd General Resolution, Fiscal 2017, Series DD, 5.25%, 06/15/47 | | | 3,850 | | | | 4,666,238 | |
| | |
Schedule of Investments (unaudited) (continued) November 30, 2019 | | BlackRock MuniHoldings New York Quality Fund, Inc. (MHN) (Percentages shown are based on Net Assets) |
| | | | | | | | |
Security | | Par (000) | | | Value | |
|
Utilities (continued) | |
City of New York Municipal Water Finance Authority, Refunding RB, Water & Sewer System, 2nd General Resolution: | | | | | | | | |
Fiscal 2010, Series FF, 5.00%, 06/15/31 | | $ | 1,500 | | | $ | 1,530,855 | |
Fiscal 2011, Series BB, 5.00%, 06/15/31 | | | 1,000 | | | | 1,020,500 | |
Fiscal 2011, Series GG, 5.00%, 06/15/21(b) | | | 2,070 | | | | 2,195,670 | |
Fiscal 2015, Series HH, 5.00%, 06/15/39 | | | 2,250 | | | | 2,640,645 | |
City of New York Water & Sewer System, RB,Series DD-1, 4.00%, 06/15/49 | | | 1,135 | | | | 1,261,779 | |
City of New York Water & Sewer System, Refunding RB: | | | | | | | | |
2nd Generation Resolution, Fiscal 2018, Series FF, 5.00%, 06/15/40 | | | 2,000 | | | | 2,453,600 | |
Series EE, 5.00%, 06/15/40 | | | 4,290 | | | | 5,229,381 | |
County of Western Nassau New York Water Authority, RB, Series A, 5.00%, 04/01/40 | | | 1,065 | | | | 1,231,672 | |
Long Island Power Authority, RB: | | | | | | | | |
5.00%, 09/01/37 | | | 3,175 | | | | 3,893,693 | |
5.00%, 09/01/35 | | | 1,000 | | | | 1,233,620 | |
General, 5.00%, 09/01/47 | | | 905 | | | | 1,074,651 | |
General, 5.00%, 09/01/36 | | | 825 | | | | 997,409 | |
General, Electric Systems, 5.00%, 09/01/42 | | | 280 | | | | 335,101 | |
General, Electric Systems, Series A (AGM), 5.00%, 05/01/21(b) | | | 2,375 | | | | 2,507,620 | |
Long Island Power Authority, Refunding RB, Electric System, Series B: | | | | | | | | |
5.00%, 09/01/41 | | | 475 | | | | 555,608 | |
5.00%, 09/01/46 | | | 660 | | | | 768,814 | |
State of New York Environmental Facilities Corp., RB, Series B: | | | | | | | | |
Revolving Funds, Green Bonds, 5.00%, 09/15/40 | | | 3,170 | | | | 3,690,863 | |
Subordinated SRF Bonds, 5.00%, 06/15/48 | | | 1,120 | | | | 1,365,941 | |
State of New York Environmental Facilities Corp., Refunding RB: | | | | | | | | |
Revolving Funds, New York City Municipal Water, Series B, 5.00%, 06/15/36 | | | 3,200 | | | | 3,379,328 | |
Series A, 5.00%, 06/15/40 | | | 1,545 | | | | 1,823,224 | |
Series A, 5.00%, 06/15/45 | | | 7,935 | | | | 9,340,447 | |
| | | | | | | | |
Security | | Par (000) | | | Value | |
|
Utilities (continued) | |
Subordinated SRF Bonds, 4.00%, 06/15/46 | | $ | 1,000 | | | $ | 1,093,930 | |
State of New York Power Authority, Refunding RB, Series A, 5.00%, 11/15/38 | | | 2,580 | | | | 2,757,633 | |
Utility Debt Securitization Authority, Refunding RB, Restructuring, Series TE, 5.00%, 12/15/41 | | | 15,490 | | | | 17,556,521 | |
| | | | | | | | |
| | | | | | | 74,604,743 | |
| | | | | | | | |
| |
Total Municipal Bonds in New York | | | | 638,208,903 | |
| | | | | | | | |
|
Guam — 0.3% | |
|
Utilities — 0.3% | |
Guam Power Authority, RB, Series A (AGM), 5.00%, 10/01/20(b) | | | 1,175 | | | | 1,212,283 | |
| | | | | | | | |
|
Puerto Rico — 3.5% | |
|
State — 3.5% | |
Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue, RB, Restructured: | | | | | | | | |
CAB, SeriesA-1, 0.00%, 07/01/46(a) | | | 478 | | | | 126,718 | |
SeriesA-1, 4.75%, 07/01/53 | | | 2,439 | | | | 2,518,390 | |
SeriesA-1, 5.00%, 07/01/58 | | | 3,201 | | | | 3,364,667 | |
SeriesA-2, 4.33%, 07/01/40 | | | 8,400 | | | | 8,497,020 | |
SeriesA-2, 4.78%, 07/01/58 | | | 730 | | | | 752,776 | |
SeriesB-1, 4.75%, 07/01/53 | | | 620 | | | | 640,007 | |
SeriesB-2, 4.78%, 07/01/58 | | | 601 | | | | 618,693 | |
| | | | | | | | |
| |
Total Municipal Bonds in Puerto Rico | | | | 16,518,271 | |
| | | | | | | | |
| |
Total Municipal Bonds — 140.2% (Cost — $606,517,582) | | | | 655,939,457 | |
| | | | | | | | |
|
Municipal Bonds Transferred to Tender Option Bond Trusts(d) | |
|
New York — 23.7% | |
|
County/City/Special District/School District — 2.9% | |
City of New York, GO,Sub-SeriesI-1, 5.00%, 03/01/36 | | | 2,500 | | | | 2,852,525 | |
City of New York Transitional Finance Authority, RB, Future Tax Secured,Sub-SeriesD-1, 5.00%, 11/01/38 | | | 1,650 | | | | 1,761,804 | |
Hudson Yards Infrastructure Corp., RB, Senior-Fiscal 2012(e): | | | | | | | | |
5.75%, 02/15/21(b) | | | 3,714 | | | | 3,909,496 | |
| | |
Schedule of Investments (unaudited) (continued) November 30, 2019 | | BlackRock MuniHoldings New York Quality Fund, Inc. (MHN) (Percentages shown are based on Net Assets) |
| | | | | | | | |
Security | | Par (000) | | | Value | |
|
County/City/Special District/School District (continued) | |
5.75%, 02/15/47 | | $ | 2,285 | | | $ | 2,405,003 | |
New York Liberty Development Corp., Refunding RB, 7 World Trade Center Project, Class 1, 5.00%, 09/15/40 | | | 2,610 | | | | 2,795,806 | |
| | | | | | | | |
| | | | | | | 13,724,634 | |
|
Education — 1.5% | |
City of New York Trust for Cultural Resources, Refunding RB, Wildlife Conservation Society, Series A, 5.00%, 08/01/33 | | | 1,981 | | | | 2,213,003 | |
State of New York Dormitory Authority, RB, State University Dormitory Facilities, New York University, Series A, 5.00%, 07/01/21(b) | | | 4,448 | | | | 4,703,143 | |
| | | | | | | | |
| | | | | | | 6,916,146 | |
|
Housing — 3.8% | |
City of New York Housing Development Corp., RB, M/F Housing: | | | | | |
SeriesC1-A, 4.00%, 11/01/53 | | | 2,267 | | | | 2,377,456 | |
Sustainable Neighborhood Bonds, SeriesB1-A, 3.85%, 05/01/58 | | | 2,175 | | | | 2,256,214 | |
City of New York Housing Development Corp., Refunding RB, Sustainable Neighborhood Bonds, Series A, 4.25%, 11/01/43 | | | 3,630 | | | | 3,920,727 | |
State of New York HFA, RB, M/F Affordable Housing, Green Bond, Climate Bond Certified, Series I, 4.05%, 11/01/48 | | | 4,543 | | | | 4,847,726 | |
State of New York HFA, Refunding RB, Series C (SONYMA, Fannie Mae), 3.85%, 11/01/39 | | | 2,002 | | | | 2,156,407 | |
State of New York Mortgage Agency, Refunding RB, S/F Housing, Series 192, 3.80%, 10/01/31 | | | 2,015 | | | | 2,151,077 | |
| | | | | | | | |
| | | | | | | 17,709,607 | |
|
State — 5.5% | |
Sales Tax Asset Receivable Corp., Refunding RB, Fiscal 2015, Series A: | | | | | | | | |
5.00%, 10/15/31 | | | 7,380 | | | | 8,623,604 | |
4.00%, 10/15/32 | | | 6,000 | | | | 6,691,980 | |
State of New York Dormitory Authority, RB: | | | | | | | | |
Bid Group 2, Series A, 5.00%, 03/15/32 | | | 2,000 | | | | 2,501,200 | |
| | | | | | | | |
Security | | Par (000) | | | Value | |
|
State (continued) | |
General Purpose, Series C, 5.00%, 03/15/41 | | $ | 2,500 | | | $ | 2,608,625 | |
State of New York Dormitory Authority, Refunding RB, Series A, 5.00%, 03/15/40(e) | | | 2,950 | | | | 3,620,067 | |
State of New York Urban Development Corp., Refunding RB, State Personal Income Tax, Series A, 5.00%, 03/15/45 | | | 1,471 | | | | 1,718,767 | |
| | | | | | | | |
| | | | | | | 25,764,243 | |
|
Transportation — 6.7% | |
Port Authority of New York & New Jersey, Refunding ARB: | | | | | | | | |
Consolidated, Series 169th, 5.00%, 10/15/25 | | | 8,005 | | | | 8,546,291 | |
Series194th, 5.25%, 10/15/55 | | | 3,405 | | | | 4,042,927 | |
State of New York Thruway Authority, Refunding RB, Series B, 4.00%, 01/01/53(e) | | | 6,058 | | | | 6,714,348 | |
Triborough Bridge & Tunnel Authority, Refunding RB, General, Series A, 5.00%, 11/15/46 | | | 10,000 | | | | 11,847,900 | |
| | | | | | | | |
| | | | | | | 31,151,466 | |
| | | | | | | | |
|
Utilities — 3.3% | |
City of New York Municipal Water Finance Authority, Refunding RB, Water & Sewer System, 2nd General Resolution, Fiscal 2011, Series HH, 5.00%, 06/15/32 | | | 7,151 | | | | 7,562,032 | |
City of New York Water & Sewer System, Refunding RB, 2nd General Resolution, Fiscal 2018, 5.00%, 06/15/38(e) | | | 1,151 | | | | 1,396,910 | |
Utility Debt Securitization Authority, Refunding RB, Restructuring: | | | | | | | | |
Series A, 5.00%, 12/15/35 | | | 3,000 | | | | 3,622,260 | |
| | |
Schedule of Investments (unaudited) (continued) November 30, 2019 | | BlackRock MuniHoldings New York Quality Fund, Inc. (MHN) (Percentages shown are based on Net Assets) |
| | | | | | | | |
Security | | Par (000) | | | Value | |
|
Utilities (continued) | |
Series B, 4.00%, 12/15/35 | | $ | 2,600 | | | $ | 2,942,784 | |
| | | | | | | | |
| | | | | | | 15,523,986 | |
| | | | | | | | |
| |
Total Municipal Bonds Transferred to Tender Option Bond Trusts — 23.7% (Cost — $105,306,052) | | | | 110,790,082 | |
| | | | | | | | |
| | | | | | |
| | | | Value | |
| |
Total Investments — 163.9% (Cost — $711,823,634) | | $ | 766,729,539 | |
| |
Other Assets Less Liabilities — 0.8% | | | 3,434,877 | |
| |
Liability for TOB Trust Certificates, Including Interest Expense and Fees Payable — (12.6)% | | | (59,056,286 | ) |
| |
VRDP Shares, at Liquidation Value, Net of Deferred Offering Costs — (52.1)% | | | (243,266,574 | ) |
| | | | | | |
| |
Net Assets Applicable to Common Shares — 100.0% | | $ | 467,841,556 | |
| | | | | | |
(b) | U.S. Government securities held in escrow, are used to pay interest on this security as well as to retire the bond in full at the date indicated, typically at a premium to par. |
(c) | When-issued security. |
(d) | Represent bonds transferred to a TOB Trust in exchange of cash and residual certificates received by the Trust. These bonds serve as collateral in a secured borrowing. |
(e) | All or a portion of the security is subject to a recourse agreement. The aggregate maximum potential amount the Trust could ultimately be required to pay under the agreements, which expire between August 15, 2020 to July 01, 2027, is $9,987,183. |
During the period ended November 30, 2019, investments in issuers considered to be an affiliate/affiliates of the Trust for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Affiliate | | Shares Held at 08/31/19 | | | Net Activity | | | Shares Held at 11/30/19 | | | Value at 11/30/19 | | | Income | | | Net Realized Gain (Loss) (a) | | | Change in Unrealized Appreciation (Depreciation) | |
BlackRock Liquidity Funds New York Money Fund Portfolio(b) | | | 343,108 | | | | (343,108 | ) | | | — | | | $ | — | | | $ | 1,226 | | | $ | — | | | $ | — | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| (a) | Includes net capital gain distributions, if applicable. | |
| (b) | As of period end, the entity is no longer an affiliate of the Trust. | |
For Trust compliance purposes, the Trust’s sector classifications refer to one or more of the sectorsub-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 sectorsub-classifications for reporting ease.
Portfolio Abbreviations
AGC — Assured Guarantee Corp.
AGM — Assured Guaranty Municipal Corp.
AMBAC — American Municipal Bond Assurance Corp.
AMT — Alternative Minimum Tax (subject to)
ARB — Airport Revenue Bonds
CAB — Capital Appreciation Bonds
EDC — Economic Development Corp.
FHA — Federal Housing Administration
GO — General Obligation Bonds
HFA — Housing Finance Agency
M/F — Multi-Family
NPFGC — National Public Finance Guarantee Corp.
PILOT — Payment in Lieu of Taxes
RB — Revenue Bonds
SONYMA — State of New York Mortgage Agency
S/F — Single-Family
SRF — State Revolving Fund
| | |
Schedule of Investments (unaudited) (continued) November 30, 2019 | | BlackRock MuniHoldings New York Quality Fund, Inc. (MHN) |
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 | | | 50 | | | | 03/20/20 | | | $ | 6,468 | | | $ | 7,346 | |
U.S. Long Bond | | | 97 | | | | 03/20/20 | | | | 15,420 | | | | 34,425 | |
5-Year U.S. Treasury Note | | | 55 | | | | 03/31/20 | | | | 6,543 | | | | 4,139 | |
| | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | $ | 45,910 | |
| | | | | | | | | | | | | | | | |
Fair Value Hierarchy as of Period End
Various inputs are used in determining the fair value of investments and derivative financial instruments. These inputs to valuation techniques are categorized into a fair value hierarchy consisting of three broad levels for financial reporting purposes as follows:
| • | | Level 1 — Unadjusted price quotations in active markets/exchanges for identical assets or liabilities that Trust has the ability to access |
| • | | Level 2 — Other observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are active, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the assets or liabilities (such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates) or other market–corroborated inputs) |
| • | | Level 3 — Unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available (including the BlackRock Global Valuation Methodologies Committee’s (the “Global Valuation Committee’s”) assumptions used in determining the fair value of investments and derivative financial instruments) |
The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the fair value hierarchy classification is determined based on the lowest level input that is significant to the fair value measurement in its entirety. Investments classified within Level 3 have significant unobservable inputs used by the Global Valuation Committee in determining the price for Fair Valued Investments. Level 3 investments include equity or debt issued by privately held companies or funds. There may not be a secondary market, and/or there are a limited number of investors. The categorization of a value determined for investments and derivative financial instruments is based on the pricing transparency of the investments and is not necessarily an indication of the risks associated with investing in those securities. For information about the Trust’s policy regarding valuation of investments and derivative financial instruments, refer to the Trust’s most recent financial statements as contained in its annual report.
The following tables summarize the Trust’s investments and derivative financial instruments categorized in the disclosure hierarchy:
| | | | | | | | | | | | | | | | |
| | Level 1 | | | Level 2 | | | Level 3 | | | Total | |
Assets: | |
Investments: | |
Long-Term Investments(a) | | $ | — | | | $ | 766,729,539 | | | $ | — | | | $ | 766,729,539 | |
| | | | | | | | | | | | | | | | |
Derivative Financial Instruments(b) | |
Assets: | |
Interest rate contracts | | $ | 45,910 | | | $ | — | | | $ | — | | | $ | 45,910 | |
| | | | | | | | | | | | | | | | |
| (a) | See above Schedule of Investments for values in each sector/state or political subdivision. | |
| (b) | Derivative financial instruments are futures contracts. Futures contracts are valued at the unrealized appreciation (depreciation) on the instrument. | |
| | |
Schedule of Investments (unaudited) (continued) November 30, 2019 | | BlackRock MuniHoldings New York Quality Fund, Inc. (MHN) |
The Trust may hold assets and/or liabilities in which the fair value approximates the carrying amount for financial reporting purposes. As of period end, such assets and/or liabilities are categorized within the disclosure hierarchy as follows:
| | | | | | | | | | | | | | | | |
| | Level 1 | | | Level 2 | | | Level 3 | | | Total | |
Liabilities: | |
TOB Trust Certificates | | $ | — | | | $ | (58,942,870 | ) | | $ | — | | | $ | (58,942,870 | ) |
VRDP Shares at Liquidation Value | | | — | | | | (243,600,000 | ) | | | — | | | | (243,600,000 | ) |
| | | | | | | | | | | | | | | | |
| | $ | — | | | $ | (302,542,870 | ) | | $ | — | | | $ | (302,542,870 | ) |
| | | | | | | | | | | | | | | | |