Blackrock New York Municipal Bond Trust (BQH)
Filed: 29 Jul 20, 3:37pm
Schedule of Investments (unaudited) May 31, 2020 | BlackRock New York Municipal Bond Trust (BQH) (Percentages shown are based on Net Assets) |
| Security | Par (000) | Value | ||||||
Municipal Bonds — 131.7% |
| |||||||
New York — 125.7% |
| |||||||
| Corporate — 4.4% | ||||||||
Build NYC Resource Corp., Refunding RB, Pratt Paper, Inc. Project, AMT, 5.00%, 01/01/35(a) | $ | 100 | $ | 104,200 | ||||
City of New York Industrial Development Agency, Refunding RB, Transportation Infrastructure Properties LLC, Series A, AMT, 5.00%, 07/01/28 | 690 | 701,171 | ||||||
New York Liberty Development Corp., Refunding RB, Goldman Sachs Headquarters, 5.25%, 10/01/35 | 475 | 625,366 | ||||||
Niagara Area Development Corp., Refunding RB, Covanta Project, Series A, AMT, | 540 | 521,910 | ||||||
|
| |||||||
| 1,952,647 | ||||||||
| County/City/Special District/School District — 28.6% | ||||||||
City of New York, GO: | ||||||||
Multi Modal, Series D-1, 4.00%, 03/01/44 | 160 | 182,558 | ||||||
Series D, 5.38%, 06/01/32 | 15 | 15,053 | ||||||
Sub-Series D-1, Fiscal 2014, 5.00%, 08/01/31 | 245 | 275,414 | ||||||
Sub-Series G-1, 5.00%, 04/01/29 | 250 | 269,515 | ||||||
City of New York Convention Center Development Corp., RB, CAB, Sub Lien, Hotel Unit Fee, Series B (AGM), 0.00%, 11/15/55(b) | 500 | 135,610 | ||||||
City of New York Convention Center Development Corp., Refunding RB, Hotel Unit Fee Secured: | ||||||||
5.00%, 11/15/40 | 1,110 | 1,247,140 | ||||||
5.00%, 11/15/45 | 670 | 746,501 | ||||||
City of New York Industrial Development Agency, RB, PILOT: | ||||||||
CAB, Yankee Stadium Project, Series A (AGC), 0.00%, 03/01/42(b) | 500 | 274,465 | ||||||
CAB, Yankee Stadium Project, Series A (AGC), 0.00%, 03/01/45(b) | 950 | 464,369 | ||||||
(AMBAC), 5.00%, 01/01/39 | 325 | 325,348 | ||||||
Queens Baseball Stadium (AGC), 6.38%, 01/01/39 | 100 | 100,378 | ||||||
Queens Baseball Stadium (AMBAC), 5.00%, 01/01/46 | 175 | 175,149 | ||||||
Yankee Stadium Project (NPFGC), 5.00%, 03/01/46 | 175 | 175,126 | ||||||
| Security | Par (000) | Value | ||||||
| County/City/Special District/School District (continued) | ||||||||
City of New York Liberty Development Corp., Refunding RB, 3 World Trade Center Project, Class 2, 5.38%, 11/15/40(a) | $ | 120 | $ | 113,453 | ||||
City of New York New York Industrial Development Agency, RB, CAB, PILOT, Yankee Stadium Project, Series A (AGC)(b): | ||||||||
0.00%, 03/01/41 | 4,155 | 2,366,148 | ||||||
0.00%, 03/01/43 | 2,000 | 1,055,540 | ||||||
City of New York Transitional Finance Authority Future Tax Secured, RB: | ||||||||
Future Tax Secured, Sub-Series A-3, 4.00%, 08/01/43 | 265 | 294,155 | ||||||
Future Tax Secured, Sub-Series E-1, 5.00%, 02/01/39 | 255 | 303,055 | ||||||
Series A-2, 5.00%, 08/01/38 | 110 | 132,387 | ||||||
Sub-Series B-1, 5.00%, 11/01/35 | 200 | 229,726 | ||||||
Hudson Yards Infrastructure Corp., Refunding RB, Series A: | ||||||||
5.00%, 02/15/39 | 275 | 326,169 | ||||||
5.00%, 02/15/42 | 125 | 146,745 | ||||||
Metropolitan Transportation Authority, Refunding RB, Green Bonds, Climate Bond Certified, Sub-Series B-2, 4.00%, 11/15/34 | 200 | 212,622 | ||||||
New York Liberty Development Corp., Refunding RB, World Trade Center Project: | ||||||||
3 Class 1, 5.00%, 11/15/44(a) | 555 | 545,571 | ||||||
4, 5.00%, 11/15/31 | 750 | 790,282 | ||||||
7 Class 1, 4.00%, 09/15/35 | 320 | 335,549 | ||||||
7 Class 2, 5.00%, 09/15/43 | 500 | 531,615 | ||||||
7 Class 3, 5.00%, 03/15/44 | 520 | 555,329 | ||||||
5.75%, 11/15/51 | 340 | 357,881 | ||||||
|
| |||||||
| 12,682,853 | ||||||||
| Education — 28.4% | ||||||||
Amherst Development Corp., Refunding RB, Daemen College Project: | ||||||||
5.00%, 10/01/43 | 85 | 91,039 | ||||||
5.00%, 10/01/48 | 65 | 68,652 | ||||||
Build NYC Resource Corp., RB(a): | ||||||||
Inwood Academy for Leadership Charter School Project, Series A, 5.50%, 05/01/48 | 150 | 146,486 | ||||||
New Dawn Charter School Project, 5.75%, 02/01/49 | 145 | 143,699 | ||||||
| 1 |
Schedule of Investments (unaudited) (continued) May 31, 2020 | BlackRock New York Municipal Bond Trust (BQH) (Percentages shown are based on Net Assets) |
| Security | Par (000) | Value | ||||||
| Education (continued) | ||||||||
Build NYC Resource Corp., Refunding RB: | ||||||||
City University New York-Queens College Student Residences, LLC Project, Series A, 5.00%, 06/01/38 | $ | 250 | $ | 288,835 | ||||
Ethical Culture Fieldston School Project, 5.00%, 06/01/32 | 450 | 523,435 | ||||||
Packer Collegiate Institute Project, 5.00%, 06/01/40 | 310 | 346,211 | ||||||
City of New York Trust for Cultural Resources, Refunding RB, American Museum of Natural History, Series A, 5.00%, 07/01/37 | 110 | 128,216 | ||||||
City of Troy New York Capital Resource Corp., Refunding RB, Rensselaer Polytechnic Institute Project: | ||||||||
Series A, 5.13%, 09/01/40 | 610 | 616,570 | ||||||
Series B, 4.00%, 08/01/35 | 110 | 116,116 | ||||||
Counties of Buffalo & Erie New York Industrial Land Development Corp., Refunding RB, The Charter School for Applied Technologies Project, Series A, 5.00%, 06/01/35 | 55 | 60,684 | ||||||
County of Cattaraugus New York, RB, St. Bonaventure University Project, 5.00%, 05/01/39 | 60 | 62,827 | ||||||
County of Dutchess New York Local Development Corp., RB, Marist College Project: | ||||||||
5.00%, 07/01/43 | 55 | 64,561 | ||||||
5.00%, 07/01/48 | 80 | 92,662 | ||||||
County of Dutchess New York Local Development Corp., Refunding RB, Vassar College Project: | ||||||||
5.00%, 07/01/42 | 100 | 117,500 | ||||||
4.00%, 07/01/46 | 185 | 200,860 | ||||||
County of Monroe New York Industrial Development Corp., RB, University of Rochester Project(c): | ||||||||
5.00%, 07/01/21 | 500 | 525,930 | ||||||
Series A, 5.00%, 07/01/21 | 500 | 525,930 | ||||||
County of Monroe New York Industrial Development Corp., Refunding RB, University of Rochester Project, Series A, 5.00%, 07/01/23(c) | 120 | 137,401 | ||||||
Geneva Development Corp., Refunding RB, Hobart & William Smith Colleges, 5.25%, 09/01/44 | 160 | 169,616 | ||||||
| Security | Par (000) | Value | ||||||
| Education (continued) | ||||||||
State of New York Dormitory Authority, RB: | ||||||||
Convent of the Sacred Heart (AGM), 5.75%, 05/01/21(c) | $ | 300 | $ | 315,225 | ||||
New York University, Series 1 (AMBAC) (BHAC), 5.50%, 07/01/31 | 245 | 332,516 | ||||||
New York University, Series B, 5.00%, 07/01/22(c) | 500 | 549,450 | ||||||
Teachers College, Series B, 5.00%, 07/01/42 | 750 | 806,422 | ||||||
Touro College & University System, Series A, 5.25%, 01/01/34 | 250 | 263,483 | ||||||
Touro College & University System, Series A, 5.50%, 01/01/39 | 500 | 525,535 | ||||||
University of Rochester, Series A, 5.13%, 07/01/39 | 30 | 30,089 | ||||||
University of Rochester, Series A, 5.75%, 07/01/39 | 25 | 25,086 | ||||||
State of New York Dormitory Authority, Refunding RB: | ||||||||
Cornell University, Series A, 5.00%, 07/01/40 | 150 | 150,587 | ||||||
Fordham University, 5.00%, 07/01/44 | 340 | 375,870 | ||||||
Icahn School of Medicine at Mount Sinai, Series A, 5.00%, 07/01/35 | 345 | 378,606 | ||||||
New York University, Series A, 5.00%, 07/01/22(c) | 1,750 | 1,923,320 | ||||||
New York University, Series A, 5.00%, 07/01/22(c) | 445 | 489,010 | ||||||
Series B, 5.00%, 02/15/37 | 370 | 447,526 | ||||||
Skidmore College, Series A, 5.00%, 07/01/28 | 250 | 260,948 | ||||||
State University Dormitory Facilities, Series A, 5.25%, 07/01/23(c) | 700 | 806,869 | ||||||
Town of Hempstead New York Local Development Corp., Refunding RB: | ||||||||
Adelphi University Project, 5.00%, 10/01/34 | 105 | 116,543 | ||||||
Hofstra University Project, 5.00%, 07/01/47 | 100 | 114,260 | ||||||
Troy Capital Resource Corp., Refunding RB, Rensselaer Polytechnic Institute Project, 4.00%, 09/01/40(d) | 160 | 170,458 | ||||||
| 2 |
Schedule of Investments (unaudited) (continued) May 31, 2020 | BlackRock New York Municipal Bond Trust (BQH) (Percentages shown are based on Net Assets) |
| Security | Par (000) | Value | ||||||
| Education (continued) | ||||||||
Yonkers Economic Development Corp., RB, Charter School of Educational Excellance Project, Series A, 5.00%, 10/15/54 | $ | 100 | $ | 92,820 | ||||
|
| |||||||
| 12,601,853 | ||||||||
| Health — 10.6% | ||||||||
Counties of Buffalo & Erie New York Industrial Land Development Corp., RB, Catholic Health System Obligation, 5.25%, 07/01/35 | 500 | 542,440 | ||||||
County of Dutchess New York Local Development Corp., RB, Health Quest Systems, Inc., Series B, 4.00%, 07/01/41 | 100 | 101,809 | ||||||
County of Genesee New York Industrial Development Agency, Refunding RB, United Memorial Medical Center Project, 5.00%, 12/01/27 | 110 | 110,332 | ||||||
County of Monroe New York Industrial Development Corp., RB, Rochester General Hospital Project: | ||||||||
4.00%, 12/01/41 | 100 | 106,498 | ||||||
5.00%, 12/01/46 | 160 | 180,005 | ||||||
Series A, 5.00%, 12/01/37 | 370 | 398,168 | ||||||
County of Monroe New York Industrial Development Corp., Refunding RB, Unity Hospital of Rochester Project (FHA), 5.50%, 08/15/40 | 275 | 283,748 | ||||||
County of Suffolk New York EDC, RB, Catholic Health Services, Series C, 5.00%, 07/01/32 | 80 | 86,155 | ||||||
County of Westchester New York Healthcare Corp., Refunding RB, Senior Lien: | ||||||||
Remarketing, Series A, 5.00%, 11/01/30 | 1,030 | 1,063,794 | ||||||
Series B, 6.00%, 11/01/30 | 25 | 25,357 | ||||||
County of Westchester New York Local Development Corp., Refunding RB, Kendal On Hudson Project, 5.00%, 01/01/34 | 500 | 505,170 | ||||||
State of New York Dormitory Authority, Refunding RB: | ||||||||
Catholic Health System Obligation, 4.00%, 07/01/38 | 110 | 112,421 | ||||||
Catholic Health System Obligation, 4.00%, 07/01/39 | 140 | 142,753 | ||||||
| Security | Par (000) | Value | ||||||
| Health (continued) | ||||||||
North Shore-Long Island Jewish Obligated Group, Series A, 5.00%, 05/01/21(c) | $ | 1,000 | $ | 1,043,820 | ||||
|
| |||||||
| 4,702,470 | ||||||||
| 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 | 735 | 832,961 | ||||||
5.00%, 07/01/33 | 250 | 281,742 | ||||||
City of New York Housing Development Corp., Refunding RB, M/F Housing, 8 Spruce Street, Series 2014, Class F, 4.50%, 02/15/48 | 500 | 504,675 | ||||||
County of Onondaga New York Trust for Cultural Resources, Refunding RB, Abby Lane Housing Corporation Project, 5.00%, 05/01/40 | 135 | 154,841 | ||||||
State of New York HFA, RB, M/F: | ||||||||
Housing, Climate Bond Certified, Series P, 3.15%, 11/01/54 | 170 | 171,168 | ||||||
Housing, Highland Avenue Senior Apartments, Series A, AMT (SONYMA), 5.00%, 02/15/39 | 470 | 471,137 | ||||||
Affordable Housing, Series E (SONYMA) ( Fannie Mae), 4.15%, 11/01/47 | 165 | 176,225 | ||||||
State of New York Mortgage Agency, Refunding RB, S/F Housing, Series 213, 4.20%, 10/01/43 | 405 | 464,511 | ||||||
|
| |||||||
| 3,057,260 | ||||||||
| State — 7.0% | ||||||||
City of New York Transitional Finance Authority Building Aid Revenue, RB, Subordinated, Series S1-B, 4.00%, 07/15/42 | 500 | 579,205 | ||||||
City of New York Transitional Finance Authority Building Aid Revenue, Refunding RB, Series S-3, 4.00%, 07/15/38 | 1,240 | 1,421,090 | ||||||
State of New York Dormitory Authority, RB, State Sales Tax, Series A: | ||||||||
Group B, 5.00%, 03/15/39 | 140 | 166,288 | ||||||
Group C, 4.00%, 03/15/45 | 310 | 340,513 | ||||||
| 3 |
Schedule of Investments (unaudited) (continued) May 31, 2020 | BlackRock New York Municipal Bond Trust (BQH) (Percentages shown are based on Net Assets) |
| Security | Par (000) | Value | ||||||
| State (continued) | ||||||||
State of New York Dormitory Authority, Refunding RB, Group 3, Series E, 5.00%, 03/15/41 | $ | 265 | $ | 322,773 | ||||
State of New York Urban Development Corp., RB, State Personal Income Tax, Series C, 5.00%, 03/15/30 | 250 | 278,427 | ||||||
|
| |||||||
| 3,108,296 | ||||||||
| Tobacco — 3.4% | ||||||||
Chautauqua Tobacco Asset Securitization Corp., Refunding RB, Asset-Backed, 4.75%, 06/01/39 | 75 | 69,459 | ||||||
Counties of New York Tobacco Trust IV, Refunding RB, Settlement Pass-Through Turbo, Series A, 6.25%, 06/01/41(a) | 200 | 200,052 | ||||||
Counties of New York Tobacco Trust VI, Refunding RB: | ||||||||
Settlement Pass-Through Turbo, Series C, 4.00%, 06/01/51 | 400 | 335,748 | ||||||
Tobacco Settlement Pass-Through, Series A-2B, 5.00%, 06/01/51 | 340 | 338,497 | ||||||
County of Niagara New York Tobacco Asset Securitization Corp., Refunding RB, Asset-Backed, 5.25%, 05/15/40 | 170 | 173,120 | ||||||
Westchester Tobacco Asset Securitization Corp., Refunding RB, Tobacco Settlement Bonds, Sub-Series C: | ||||||||
4.00%, 06/01/42 | 240 | 208,164 | ||||||
5.13%, 06/01/51 | 200 | 198,122 | ||||||
|
| |||||||
| 1,523,162 | ||||||||
| Transportation — 26.1% | ||||||||
Buffalo & Fort Erie Public Bridge Authority, RB, 5.00%, 01/01/47 | 120 | 138,548 | ||||||
County of Albany Airport Authority, Refunding RB, AMT, Series B: | ||||||||
4.00%, 12/15/34 | 235 | 244,851 | ||||||
4.00%, 12/15/35 | 120 | 125,005 | ||||||
Metropolitan Transportation Authority, RB, Series D, 5.25%, 11/15/21(c) | 220 | 236,082 | ||||||
Metropolitan Transportation Authority, Refunding RB: | ||||||||
Series D, 5.25%, 11/15/21(c) | 780 | 837,018 | ||||||
Series D, 5.25%, 11/15/23(c) | 170 | 198,842 | ||||||
Series D, 5.25%, 11/15/23(c) | 250 | 292,415 | ||||||
Series D, 5.25%, 11/15/23(c) | 250 | 292,415 | ||||||
Series F, 5.00%, 11/15/30 | 500 | 514,000 | ||||||
| Security | Par (000) | Value | ||||||
| Transportation (continued) | ||||||||
Metropolitan Transportation Authority Hudson Rail Yards Trust Obligations, Refunding RB, Series A, 5.00%, 11/15/56 | $ | 450 | $ | 484,803 | ||||
New York Transportation Development Corp., ARB, LaGuardia Airport Terminal B Redevelopment Project, Series A, AMT: | ||||||||
5.25%, 01/01/50 | 165 | 173,248 | ||||||
(AGM), 4.00%, 07/01/41 | 150 | 154,371 | ||||||
Port Authority of New York & New Jersey, ARB: | ||||||||
Consolidated Bonds, 220th Series, AMT, 4.00%, 11/01/59 | 380 | 400,999 | ||||||
Special Project, JFK International Air Terminal LLC Project, Series 8, 6.00%, 12/01/42 | 500 | 504,275 | ||||||
Port Authority of New York & New Jersey, Refunding ARB: | ||||||||
179th Series, 5.00%, 12/01/38 | 150 | 166,604 | ||||||
195th Series, AMT, 5.00%, 04/01/36 | 250 | 286,930 | ||||||
Consolidated, 206th Series, AMT, 5.00%, 11/15/42 | 225 | 260,523 | ||||||
Port Authority of New York & New Jersey, Refunding RB, 178th Series, AMT, 5.00%, 12/01/32 | 270 | 300,078 | ||||||
State of New York Thruway Authority, Refunding RB: | ||||||||
2nd General Highway & Bridge Trust, Series A, 5.00%, 04/01/32 | 1,000 | 1,078,910 | ||||||
General, Series I, 5.00%, 01/01/22(c) | 140 | 150,410 | ||||||
General, Series I, 5.00%, 01/01/22(c) | 440 | 473,233 | ||||||
General, Series J, 5.00%, 01/01/41 | 250 | 275,893 | ||||||
Subordinate, Series B, 4.00%, 01/01/45 | 1,500 | 1,626,105 | ||||||
Triborough Bridge & Tunnel Authority, RB: | ||||||||
MTA Bridges and Tunnels, Series A, 4.00%, 11/15/54 | 1,610 | 1,815,356 | ||||||
Series B, 5.00%, 11/15/40 | 140 | 162,586 | ||||||
Triborough Bridge & Tunnel Authority, Refunding RB: | ||||||||
General, Series A, 5.25%, 11/15/45 | 275 | 318,706 | ||||||
| 4 |
Schedule of Investments (unaudited) (continued) May 31, 2020 | BlackRock New York Municipal Bond Trust (BQH) (Percentages shown are based on Net Assets) |
| Security | Par (000) | Value | ||||||
| Transportation (continued) | ||||||||
Series B, 5.00%, 11/15/38 | $ | 50 | $ | 59,845 | ||||
|
| |||||||
| 11,572,051 | ||||||||
| Utilities — 10.3% | ||||||||
City of New York Municipal Water & Sewer System, RB, Water & Sewer System, 2nd General Resolution, Fiscal 2017, Series DD, 5.25%, 06/15/47 | 120 | 144,966 | ||||||
City of New York Municipal Water & Sewer System, Refunding RB, Water & Sewer System, 2nd General Resolution, Fiscal 2015, Series HH, 5.00%, 06/15/39 | 250 | 293,995 | ||||||
Long Island Power Authority, RB: | ||||||||
5.00%, 09/01/38 | 625 | 767,287 | ||||||
General, 5.00%, 09/01/47 | 110 | 130,920 | ||||||
General, Electric Systems, 5.00%, 09/01/36 | 80 | 96,296 | ||||||
General, Electric Systems, Series A (AGM), | 225 | 234,918 | ||||||
General, Electric Systems, Series C (AGC), 5.25%, 09/01/29 | 500 | 668,260 | ||||||
Long Island Power Authority, Refunding RB, Electric System, Series B, 5.00%, 09/01/46 | 75 | 87,594 | ||||||
State of New York Environmental Facilities Corp., RB, Subordinated SRF Bonds, Series B, 5.00%, 06/15/48 | 210 | 258,579 | ||||||
State of New York Power Authority, Refunding RB, Series A, 5.00%, 11/15/38 | 600 | 634,932 | ||||||
Utility Debt Securitization Authority, Refunding RB, Restructuring, Series TE, 5.00%, 12/15/41 | 1,115 | 1,261,255 | ||||||
|
| |||||||
| 4,579,002 | ||||||||
|
| |||||||
Total Municipal Bonds in New York |
| 55,779,594 | ||||||
|
| |||||||
Puerto Rico — 6.0% |
| |||||||
| State — 4.0% | ||||||||
Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue, RB, Restructured: | ||||||||
CAB, Series A-1, 0.00%, 07/01/46(b) | 660 | 168,221 | ||||||
Series A-1, 4.75%, 07/01/53 | 280 | 270,346 | ||||||
| Security | Par (000) | Value | ||||||
| State (continued) | ||||||||
Series A-1, 5.00%, 07/01/58 | $ | 1,007 | $ | 1,004,563 | ||||
Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue, RB, Restructured: | ||||||||
Series A-2, 4.33%, 07/01/40 | 108 | 103,367 | ||||||
Series A-2, 4.78%, 07/01/58 | 232 | 223,648 | ||||||
|
| |||||||
| 1,770,145 | ||||||||
| Tobacco — 0.5% | ||||||||
Children’s Trust Fund, Refunding RB, Tobacco Settlement Asset-Backed Bonds, 5.63%, 05/15/43 | 225 | 225,542 | ||||||
|
| |||||||
| Utilities — 1.5% | ||||||||
Commonwealth of Puerto Rico Aqueduct & Sewer Authority, RB, Senior Lien, Series A: | ||||||||
5.00%, 07/01/33 | 355 | 347,023 | ||||||
5.13%, 07/01/37 | 100 | 99,030 | ||||||
Commonwealth of Puerto Rico Aqueduct & Sewer Authority, Refunding RB, Senior Lien, Series A, 6.00%, 07/01/38 | 235 | 235,087 | ||||||
|
| |||||||
| 681,140 | ||||||||
|
| |||||||
Total Municipal Bonds in Puerto Rico |
| 2,676,827 | ||||||
|
| |||||||
Total Municipal Bonds — 131.7% |
| 58,456,421 | ||||||
|
| |||||||
Municipal Bonds Transferred to Tender Option Bond Trusts(e) — 37.7% |
| |||||||
New York — 37.7% |
| |||||||
| County/City/Special District/School District — 9.5% | ||||||||
City of New York, GO: | ||||||||
Sub-Series I-1, 5.00%, 03/01/36 | 250 | 284,198 | ||||||
Sub-Series-D1, Series D, 5.00%, 12/01/43(f) | 1,010 | 1,227,847 | ||||||
City of New York Transitional Finance Authority Future Tax Secured, RB, Future Tax Secured, Sub-Series D-1, 5.00%, 11/01/38 | 825 | 870,424 | ||||||
Hudson Yards Infrastructure Corp., RB, Senior-Fiscal 2012(f): | ||||||||
5.75%, 02/15/21(c) | 433 | 448,932 | ||||||
5.75%, 02/15/47 | 267 | 276,169 | ||||||
| 5 |
Schedule of Investments (unaudited) (continued) May 31, 2020 | BlackRock New York Municipal Bond Trust (BQH) (Percentages shown are based on Net Assets) |
| Security | Par (000) | Value | ||||||
| County/City/Special District/School District (continued) | ||||||||
New York Liberty Development Corp., Refunding RB, 7 World Trade Center Project, Class 1, 5.00%, 09/15/40 | $ | 1,050 | $ | 1,128,109 | ||||
|
| |||||||
| 4,235,679 | ||||||||
| Housing — 1.6% | ||||||||
City of New York Housing Development Corp., Refunding RB, Sustainable Neighborhood Bonds, Series A, 4.25%, 11/01/43 | 640 | 703,731 | ||||||
|
| |||||||
| State — 5.9% | ||||||||
Sales Tax Asset Receivable Corp., Refunding RB, Fiscal 2015, Series A, 5.00%, 10/15/31 | 255 | 298,715 | ||||||
State of New York Authority, Refunding RB: Transportation, Personal Income Tax, Series A, 5.00%, 03/15/31 | 600 | 632,316 | ||||||
State of New York Urban Development Corp., RB, State Personal Income Tax, General Purpose, Series A, 4.00%, 03/15/47 | 1,497 | 1,670,853 | ||||||
|
| |||||||
| 2,601,884 | ||||||||
| Transportation — 9.1% | ||||||||
New York Liberty Development Corp., ARB, 1 World Trade Center Port Authority Consolidated Bonds, 5.25%, 12/15/43 | 630 | 663,970 | ||||||
Port Authority of New York & New Jersey, Refunding ARB: | ||||||||
Consolidated, Series 210th, 5.00%, 09/01/48 | 960 | 1,131,926 | ||||||
Series194th, 5.25%, 10/15/55 | 360 | 406,616 | ||||||
State of New York Thruway Authority, Refunding RB: | ||||||||
Series B, 4.00%, 01/01/53(f) | 1,156 | 1,243,604 | ||||||
| Security | Par (000) | Value | ||||||
| Transportation (continued) | ||||||||
Triborough Bridge & Tunnel Authority, Refunding RB, General, Series A, 5.00%, 11/15/46 | $ | 500 | $ | 582,165 | ||||
|
| |||||||
| 4,028,281 | ||||||||
| Utilities — 11.6% | ||||||||
City of New York Municipal Water & Sewer System, Refunding RB, Water & Sewer System, 2nd General Resolution: | ||||||||
Fiscal 2011, Series HH, 5.00%, 06/15/32 | 990 | 1,035,164 | ||||||
Fiscal 2012, Series BB, 5.00%, 06/15/44 | 1,501 | 1,592,500 | ||||||
State of New York Power Authority, Refunding RB, Series A, 4.00%, 11/15/60(a) | 872 | 1,003,326 | ||||||
Utility Debt Securitization Authority, Refunding RB, Restructuring: | ||||||||
Series A, 5.00%, 12/15/35 | 1,000 | 1,210,500 | ||||||
Series B, 4.00%, 12/15/35 | 280 | 319,323 | ||||||
|
| |||||||
| 5,160,813 | ||||||||
|
| |||||||
Total Municipal Bonds Transferred to Tender Option Bond Trusts — 37.7% |
| 16,730,388 | ||||||
|
| |||||||
Total Long-Term Investments — 169.4% |
| 75,186,809 | ||||||
|
| |||||||
| Shares | ||||||||
| Short-Term Securities — 0.0% | ||||||||
BlackRock Liquidity Funds New York Money Fund Portfolio, 0.00%(g)(h) | 1,161 | 1,161 | ||||||
|
| |||||||
Total Short-Term Securities — 0.0% |
| 1,161 | ||||||
|
| |||||||
Total Investments — 169.4% |
| 75,187,970 | ||||||
Other Assets Less Liabilities — 1.0% |
| 437,871 | ||||||
Liability for TOB Trust Certificates, Including Interest Expense and Fees Payable — (20.8)% |
| (9,243,778 | ) | |||||
VRDP Shares, at Liquidation Value, Net of Deferred Offering Costs — (49.6)% |
| (22,008,619 | ) | |||||
|
| |||||||
Net Assets Applicable to Common Shares — 100.0% |
| $ | 44,373,444 | |||||
|
| |||||||
| (a) | Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors. |
| (b) | Zero-coupon bond. |
| (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. |
| 6 |
Schedule of Investments (unaudited) (continued) May 31, 2020 | BlackRock New York Municipal Bond Trust (BQH) |
| (d) | When-issued security. |
| (e) | Represent bonds transferred to a TOB Trust in exchange of cash and residual certificates received by the Trust. These bonds serve as collateral in a secured borrowing. |
| (f) | 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 $1,700,396. |
| (g) | Annualized 7-day yield as of period end. |
| (h) | Investments in issuers considered to be an affiliate/affiliates of the Trust during the period ended May 31, 2020 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows: |
| Affiliated Issuer | Shares Held at 08/31/19 | Shares Purchased | Shares Sold | Shares Held at 05/31/20 | Value at 05/31/20 | Income | Net Realized Gain (Loss) (a) | Change in Unrealized Appreciation (Depreciation) | ||||||||||||||||||||||||
BlackRock Liquidity Funds New York Money Fund Portfolio | 64,451 | — | (63,290 | )(b) | 1,161 | $ | 1,161 | $ | 5,632 | $ | (28 | ) | $ | — | ||||||||||||||||||
|
|
|
|
|
|
|
| |||||||||||||||||||||||||
| (a) | Includes net capital gain distributions, if applicable. |
| (b) | Represents net shares purchased (sold). |
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
BHAC — Berkshire Hathaway Assurance Corp.
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
S/F — Single-Family
SONYMA — State of New York Mortgage Agency
SRF — State Revolving Fund
| 7 |
Schedule of Investments (unaudited) (continued) May 31, 2020 | BlackRock New York Municipal Bond Trust (BQH) |
Fair Value Hierarchy as of Period End
Various inputs are used in determining the fair value of investments. These inputs to valuation techniques are categorized into a fair value hierarchy consisting of three broad levels for financial reporting purposes as follows:
| • | Level 1 — Unadjusted price quotations in active markets/exchanges for identical assets or liabilities that the Trust has the ability to access |
| • | Level 2 — Other observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are active, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the assets or liabilities (such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates) or other market–corroborated inputs) |
| • | Level 3 — Unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available (including the BlackRock Global Valuation Methodologies Committee’s (the “Global Valuation Committee’s”) assumptions used in determining the fair value of investments |
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 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, refer to the Trust’s most recent financial statements as contained in its semi-annual report.
The following tables summarize the Trust’s investments categorized in the disclosure hierarchy:
| Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Assets: |
| |||||||||||||||
Investments: |
| |||||||||||||||
Long-Term Investments(a) | $ | — | $ | 75,186,809 | $ | — | $ | 75,186,809 | ||||||||
Short-Term Securities | 1,161 | — | — | 1,161 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
| $ | 1,161 | $ | 75,186,809 | $ | — | $ | 75,187,970 | |||||||||
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| |||||||||
| (a) | See above Schedule of Investments for values in each sector/state or political subdivision. |
The Trust may hold assets and/or liabilities in which the fair value approximates the carrying 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 | $ | — | $ | (9,210,583 | ) | $ | — | $ | (9,210,583 | ) | ||||||
VRDP Shares at Liquidation Value | — | (22,100,000 | ) | — | (22,100,000 | ) | ||||||||||
|
|
|
|
|
|
|
| |||||||||
| $ | — | $ | (31,310,583 | ) | $ | — | $ | (31,310,583 | ) | |||||||
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| 8 |