BlackRock MuniVest Fund II (MVT) NPORT-P BlackRock MuniVest Fund II, Inc. (Jan 2022 report)

Schedule of Investments (unaudited) January 31, 2022 BlackRock MuniVest Fund II, Inc. (MVT) (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Municipal Bonds
Alabama — 1.5%
County of Jefferson Alabama Sewer Revenue, Refunding RB Series A, Senior Lien, (AGM), 5.00%, 10/01/44	$	805	$	863,040
Series D, Sub Lien, 6.00%, 10/01/42		3,575		3,973,877
				4,836,917
Arizona — 0.7%
Glendale Industrial Development Authority, RB 5.00%, 05/15/41		90		101,493
5.00%, 05/15/56		360		399,711
Industrial Development Authority of the City of Phoenix, RB, Series A, 5.00%, 07/01/46(a)		1,685		1,807,894
				2,309,098
Arkansas — 0.8%
Arkansas Development Finance Authority, RB, Series A, AMT, 4.50%, 09/01/49(a)		2,455		2,644,551
California — 6.3%
California Educational Facilities Authority, RB, Series V-1, 5.00%, 05/01/49		2,095		3,042,460
California Health Facilities Financing Authority, Refunding RB
Series A, 5.00%, 07/01/23(b)		890		941,830
Series A, 4.00%, 04/01/45		390		428,584
California Municipal Finance Authority, ARB, AMT, Senior Lien, 4.00%, 12/31/47		1,475		1,587,722
California Municipal Finance Authority, RB, S/F Housing
Series A, 5.25%, 08/15/39		145		151,948
Series A, 5.25%, 08/15/49		370		386,861
California Municipal Finance Authority, Refunding RB, Series A, 5.00%, 02/01/42		225		257,227
California Pollution Control Financing Authority, RB, Series A, AMT, 5.00%, 11/21/45(a)		1,495		1,535,861
California State Public Works Board, RB 4.00%, 11/01/41		445		509,801
5.00%, 11/01/46		165		203,668
Series I, 5.00%, 11/01/38		775		825,057
City of Los Angeles Department of Airports, Refunding ARB
Series A, 4.00%, 05/15/49		2,085		2,333,791
Series A, AMT, 5.00%, 05/15/31		345		429,445
Series A, AMT, 5.00%, 05/15/32		410		506,844
Series A, AMT, 5.00%, 05/15/33		405		500,544
Series A, AMT, 5.00%, 05/15/38		290		356,968
Series A, AMT, 5.00%, 05/15/39		310		379,571
Golden State Tobacco Securitization Corp., Refunding RB, Series A-2, 5.00%, 06/01/22(b)		2,745		2,786,073
San Francisco City & County Airport Comm-San Francisco International Airport, 4.00%, 05/01/52(c)		615		680,321
San Marcos Unified School District, GO, CAB, Series B, 0.00%, 08/01/42(d)		2,000		1,146,270
State of California, Refunding GO, 3.00%, 12/01/46		500		515,517
Stockton Public Financing Authority, RB, Series A, 6.25%, 10/01/23(b)		360		391,659
				19,898,022

Security	Par (000)		Value
Colorado — 1.9%
Arapahoe County School District No.6 Littleton, GO, Series A, (SAW), 5.50%, 12/01/43	$	1,705	$	2,127,767
Colorado Health Facilities Authority, Refunding RB, Series A, 4.00%, 08/01/44		1,765		1,928,554
Colorado Housing and Finance Authority, RB, 3.25%, 05/01/52(c)		585		622,892
State of Colorado, COP, Series O, 4.00%, 03/15/44		1,275		1,415,025
				6,094,238
Connecticut — 0.2%
State of Connecticut Special Tax Revenue, RB
Series A, 4.00%, 05/01/36		330		379,984
Series A, 4.00%, 05/01/39		210		237,989
				617,973
Delaware — 0.4%
Delaware Transportation Authority, RB, 5.00%, 06/01/55		1,165		1,281,739
District of Columbia — 6.8%
District of Columbia, Refunding RB 5.00%, 04/01/35		435		501,452
5.00%, 10/01/48		2,315		2,709,145
Series A, 6.00%, 07/01/23(b)		240		257,796
Metropolitan Washington Airports Authority Aviation Revenue, Refunding ARB
Series A, AMT, 4.00%, 10/01/37		340		386,494
Series A, AMT, 4.00%, 10/01/38		340		386,589
Series A, AMT, 4.00%, 10/01/39		505		573,137
Series A, AMT, 4.00%, 10/01/40		410		463,600
Series A, AMT, 4.00%, 10/01/41		380		428,551
Metropolitan Washington Airports Authority Dulles Toll Road Revenue, Refunding RB
Series A, 5.00%, 10/01/53		2,010		2,021,306
Series B, Subordinate, 4.00%, 10/01/49		765		840,859
Metropolitan Washington Airports Authority Dulles Toll Road Revenue, Refunding RB, CAB(d)
Series B, 2nd Senior Lien, (AGC), 0.00%, 10/01/33		6,590		4,928,595
Series B, 2nd Senior Lien, (AGC), 0.00%, 10/01/34		4,830		3,470,775
Series B, 2nd Senior Lien, (AGC), 0.00%, 10/01/35		6,515		4,495,493
				21,463,792
Florida — 5.8%
Capital Projects Finance Authority, Refunding RB
Series A-1, 5.00%, 10/01/32		195		234,832
Series A-1, 5.00%, 10/01/33		215		258,395
Series A-1, 5.00%, 10/01/34		215		257,778
Series A-1, 5.00%, 10/01/35		75		89,709
Celebration Pointe Community Development District, SAB(a) 5.00%, 05/01/32		450		487,045
5.00%, 05/01/48		1,120		1,186,623
Collier County Health Facilities Authority, RB, Series A, 5.00%, 05/01/48		1,190		1,368,571
Collier County Health Facilities Authority, Refunding RB, Series A, 5.00%, 05/01/45		1,340		1,461,785
County of Lee FL Airport Revenue, ARB, Series B, AMT, 5.00%, 10/01/46		1,275		1,539,705
County of Miami-Dade Florida Aviation Revenue, Refunding RB
Series A, 4.00%, 10/01/37		325		372,348

1

Schedule of Investments (unaudited) (continued) January 31, 2022 BlackRock MuniVest Fund II, Inc. (MVT) (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Florida (continued)
County of Miami-Dade Florida Aviation Revenue, Refunding RB (continued)
Series A, 4.00%, 10/01/38	$	325	$	371,556
Series A, 4.00%, 10/01/39		240		273,701
Florida Development Finance Corp., RB
Series A, 5.00%, 06/15/40		215		242,606
Series A, 5.00%, 06/15/50		720		800,702
Series A, 5.00%, 06/15/55		435		482,090
Palm Beach County Health Facilities Authority, RB, 5.00%, 11/15/45		3,150		3,580,321
Sarasota County Florida Utility System Revenue, RB
Series A, 5.00%, 10/01/45		435		537,284
Series A, 5.00%, 10/01/50		650		801,230
Village Community Development District No.10, SAB, 5.13%, 05/01/43		2,030		2,067,598
Volusia County Educational Facility Authority, Refunding RB, 5.00%, 10/15/49		1,750		2,073,572
				18,487,451
Georgia — 5.0%
Development Authority for Fulton County, Refunding RB, 4.00%, 03/15/44		5,000		5,223,340
Gainesville & Hall County Hospital Authority, Refunding RB, Series A, (GTD), 5.50%, 02/15/25(b)		515		578,363
Georgia Housing & Finance Authority, RB, S/F Housing, Series B, 2.50%, 06/01/50		720		675,818
Glynn-Brunswick Memorial Hospital Authority, RB, 5.00%, 08/01/47		2,500		2,836,170
Main Street Natural Gas, Inc., RB
Series A, 5.00%, 05/15/35		490		635,108
Series A, 5.00%, 05/15/36		490		642,211
Series A, 5.00%, 05/15/37		540		714,637
Series A, 5.00%, 05/15/38		295		394,030
Series A, 5.00%, 05/15/49		985		1,398,056
Municipal Electric Authority of Georgia, RB, 4.00%, 01/01/49		1,560		1,683,627
Municipal Electric Authority of Georgia, Refunding RB
Series A, 4.00%, 01/01/51		225		253,220
Sub-Series A, 4.00%, 01/01/49		610		666,009
				15,700,589
Idaho — 0.3%
Idaho Health Facilities Authority, RB, Series 2017, 5.00%, 12/01/46		745		873,514
Illinois — 10.8%
Chicago Board of Education, GO
Series C, 5.25%, 12/01/35		1,465		1,577,891
Series D, 5.00%, 12/01/46		1,915		2,051,033
Series H, 5.00%, 12/01/36		450		509,559
Chicago Board of Education, Refunding GO
Series C, 5.00%, 12/01/25		1,460		1,642,921
Series F, 5.00%, 12/01/24		615		677,182
Series G, 5.00%, 12/01/34		450		510,139
Chicago O’Hare International Airport, Refunding RB, Series A, Senior Lien, 4.00%, 01/01/37		935		1,066,928
City of Chicago Illinois Special Assessment Revenue, SAB, 6.75%, 12/01/32		762		764,015

Security	Par (000)		Value
Illinois (continued)
City of Chicago Illinois Waterworks Revenue, Refunding RB 2nd Lien, (AGM), 5.25%, 11/01/33	$	260	$	260,909
2nd Lien, 5.00%, 11/01/42		915		940,245
Cook County Community College District No. 508, GO, 5.50%, 12/01/38		805		855,091
Illinois Finance Authority, RB
Series A, 5.00%, 02/15/47		235		262,082
Series A, 5.00%, 02/15/50		130		143,687
Illinois State Toll Highway Authority, RB
Series A, 5.00%, 01/01/45		1,290		1,571,879
Series A, 4.00%, 01/01/46		575		650,261
Series A, 5.00%, 01/01/46		1,500		1,852,648
Series C, 5.00%, 01/01/37		2,800		3,079,376
Metropolitan Pier & Exposition Authority, RB, Series A, 5.00%, 06/15/57		870		983,016
Metropolitan Pier & Exposition Authority, Refunding RB, 4.00%, 06/15/50		1,340		1,420,791
Metropolitan Pier & Exposition Authority, Refunding RB, CAB, Series B, (AGM), 0.00%, 06/15/43(d)		5,175		2,688,366
State of Illinois, GO 5.00%, 02/01/39		1,540		1,641,277
Series A, 5.00%, 04/01/35		3,000		3,123,723
Series A, 5.00%, 04/01/38		3,490		3,633,931
University of Illinois, RB, Series A, 5.00%, 04/01/44		985		1,059,133
Village of Hodgkins Illinois, RB, AMT, 6.00%, 11/01/23		1,045		1,049,692
				34,015,775
Indiana — 2.2%
City of Valparaiso Indiana, RB
AMT, 6.75%, 01/01/34		790		865,466
AMT, 7.00%, 01/01/44		1,905		2,084,868
Indiana Finance Authority, RB(b)
Series A, AMT, 5.00%, 07/01/23		1,880		1,984,941
Series A, AMT, 5.25%, 07/01/23		405		428,988
Indiana Housing & Community Development Authority, RB, 3.00%, 07/01/52(c)		285		303,577
Indianapolis Local Public Improvement Bond Bank, RB, Series A, 5.00%, 01/15/40		1,270		1,316,115
				6,983,955
Iowa — 1.0%
Iowa Finance Authority, Refunding RB, Series B, 5.25%, 12/01/50(e)		2,810		3,013,767
Kentucky — 1.2%
Kentucky Economic Development Finance Authority, RB, Series A, 5.25%, 01/01/23(b)		995		1,034,981
Kentucky Economic Development Finance Authority, Refunding RB, Series A, (AGM), 5.00%, 12/01/45		1,235		1,465,890
Kentucky Public Transportation Infrastructure Authority, RB, CAB, Series C, Convertible, 6.75%, 07/01/43(f)		1,200		1,433,696
				3,934,567
Louisiana — 1.7%
Louisiana Public Facilities Authority, Refunding RB, 4.00%, 12/15/50		2,000		2,151,632
Tobacco Settlement Financing Corp., Refunding RB
Series A, 5.25%, 05/15/31		315		315,729
Series A, 5.25%, 05/15/32		1,110		1,122,886

S C H E D U L EO F  I N V E S T M E N T S 2

Schedule of Investments (unaudited) (continued) January 31, 2022 BlackRock MuniVest Fund II, Inc. (MVT) (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Louisiana (continued)
Tobacco Settlement Financing Corp., Refunding RB (continued)
Series A, 5.25%, 05/15/33	$	1,205	$	1,218,876
Series A, 5.25%, 05/15/35		505		530,095
				5,339,218
Maryland — 0.8%
Maryland Health & Higher Educational Facilities Authority, RB
Series 2017, 5.00%, 12/01/46		420		495,368
Series B, (NPFGC), 7.00%, 07/01/22(g)		370		379,320
Maryland State Transportation Authority, Refunding RB, Series A, 2.50%, 07/01/47		1,755		1,584,286
				2,458,974
Massachusetts — 1.5%
Massachusetts Development Finance Agency, Refunding RB(a) 4.00%, 10/01/32		215		229,004
4.13%, 10/01/42		470		500,476
Massachusetts Housing Finance Agency, RB, M/F Housing
Series C-1, 3.15%, 12/01/49		550		549,653
Series C-1, 3.25%, 12/01/54		2,030		2,032,635
Massachusetts Port Authority, ARB, Series E, AMT, 5.00%, 07/01/51		1,110		1,351,916
				4,663,684
Michigan — 3.5%
City of Detroit Michigan Sewage Disposal System Revenue, Refunding RB, Series A, Senior Lien, 5.25%, 07/01/22(b)		4,425		4,512,226
Michigan Finance Authority, Refunding RB 5.00%, 12/01/48		2,000		2,351,174
Series A, 4.00%, 12/01/49		810		898,339
Michigan State Housing Development Authority, RB, M/F Housing, Series A, 2.70%, 10/01/56		950		878,039
Michigan State University, Refunding RB, Series B, 5.00%, 02/15/48		990		1,188,655
Michigan Strategic Fund, RB, AMT, 5.00%, 06/30/48		1,070		1,226,111
				11,054,544
Minnesota — 1.5%
Duluth Economic Development Authority, Refunding RB
Series A, 4.25%, 02/15/48		2,020		2,199,566
Series A, 5.25%, 02/15/53		2,045		2,388,218
				4,587,784
Mississippi — 3.1%
County of Lowndes Mississippi, Refunding RB, Series A, 6.80%, 04/01/22		3,000		3,029,280
State of Mississippi, RB
Series A, 5.00%, 10/15/37		1,000		1,194,863
Series A, 4.00%, 10/15/38		5,000		5,605,760
				9,829,903
Missouri — 3.2%
Health & Educational Facilities Authority of the State of Missouri, RB, 4.00%, 06/01/53		2,885		3,219,896
Health & Educational Facilities Authority of the State of Missouri, Refunding RB 5.50%, 05/01/43		245		255,637

Security	Par (000)		Value
Missouri (continued)
Health & Educational Facilities Authority of the State of Missouri, Refunding RB (continued) 5.00%, 09/01/48	$	2,610	$	3,043,182
Series A, 4.00%, 07/01/46		595		672,552
Series C, 5.00%, 11/15/47		2,570		2,993,004
				10,184,271
Nebraska — 0.9%
Central Plains Energy Project, RB 5.25%, 09/01/37		825		844,939
5.00%, 09/01/42		1,445		1,477,838
Nebraska Investment Finance Authority, RB, 3.00%, 03/01/52(c)		640		677,508
				3,000,285
New Hampshire(a) — 0.8%
New Hampshire Business Finance Authority, Refunding RB
Series B, 4.63%, 11/01/42		1,545		1,595,543
Series C, AMT, 4.88%, 11/01/42		805		834,107
				2,429,650
New Jersey — 14.4%
Casino Reinvestment Development Authority, Inc., Refunding RB 5.25%, 11/01/39		1,675		1,799,910
5.25%, 11/01/44		1,525		1,626,916
Hudson County Improvement Authority, RB, 4.00%, 10/01/46		1,655		1,858,156
New Jersey Economic Development Authority, RB 4.00%, 11/01/38		510		562,279
4.00%, 11/01/39		405		445,559
5.00%, 06/15/49		2,295		2,680,532
Series EEE, 5.00%, 06/15/48		3,690		4,259,861
New Jersey Economic Development Authority, Refunding ARB, AMT, 5.00%, 10/01/47		1,425		1,612,539
New Jersey Economic Development Authority, Refunding SAB, 5.75%, 04/01/31		2,240		2,345,240
New Jersey Transportation Trust Fund Authority, RB
Series AA, 5.00%, 06/15/44		1,270		1,332,514
Series BB, 5.00%, 06/15/50		4,120		4,753,005
New Jersey Turnpike Authority, RB
Series A, 5.00%, 07/01/22(b)		740		753,234
Series A, 4.00%, 01/01/42		730		835,073
Series E, 5.00%, 01/01/45		2,615		2,859,233
State of New Jersey, GO
Series A, 4.00%, 06/01/31		560		650,214
Series A, 3.00%, 06/01/32		1,300		1,401,313
Tobacco Settlement Financing Corp., Refunding RB
Series A, 5.25%, 06/01/46		525		604,756
Sub-Series B, 5.00%, 06/01/46		13,345		15,021,813
				45,402,147
New Mexico — 0.2%
New Mexico Mortgage Finance Authority, RB, 3.00%, 03/01/53(c)		480		506,153
New York — 14.5%
City of New York, GO, Series C, 5.00%, 08/01/42		1,115		1,356,857
Erie Tobacco Asset Securitization Corp., Refunding RB, Series A, 5.00%, 06/01/45		1,960		1,971,880
Metropolitan Transportation Authority, Refunding RB Series C-1, 4.75%, 11/15/45		1,585		1,811,062

3

Schedule of Investments (unaudited) (continued) January 31, 2022 BlackRock MuniVest Fund II, Inc. (MVT) (Percentages shown are based on Net Assets)

Security	Par (000)		Value
New York (continued)
Metropolitan Transportation Authority, Refunding RB (continued)
Series C-1, 5.00%, 11/15/50	$	515	$	591,793
Series C-1, 5.25%, 11/15/55		760		887,367
Monroe County Industrial Development Corp., Refunding RB 4.00%, 12/01/46		520		579,290
Series A, 4.00%, 07/01/50		1,065		1,180,104
New York City Housing Development Corp., RB, M/F Housing
Series A, 3.00%, 11/01/55		1,055		1,014,462
Series F-1, (FHA), 2.40%, 11/01/46		2,530		2,317,561
Series F-1, (FHA), 2.50%, 11/01/51		1,745		1,592,752
New York City Industrial Development Agency, Refunding RB
Series A, Class A, (AGM), 3.00%, 01/01/37		215		222,539
Series A, Class A, (AGM), 3.00%, 01/01/39		215		221,784
Series A, Class A, (AGM), 3.00%, 01/01/40		150		154,099
New York City Transitional Finance Authority Future Tax Secured Revenue, RB
Sub-Series E-1, 5.00%, 02/01/42		1,960		1,966,515
Series C, Subordinate, 4.00%, 05/01/45		1,080		1,216,600
Sub-Series C-1, Subordinate, 4.00%, 05/01/40		430		485,998
New York Counties Tobacco Trust IV, Refunding RB
Series A, 5.00%, 06/01/38		1,905		1,906,855
Series A, 6.25%, 06/01/41(a)		1,800		1,826,739
New York Liberty Development Corp., Refunding RB
Series 1, Class 1, 5.00%, 11/15/44(a)		2,860		3,076,857
Series 2, Class 2, 5.15%, 11/15/34(a)		340		373,214
Series 2, Class 2, 5.38%, 11/15/40(a)		850		935,140
Series A, 2.88%, 11/15/46		3,365		3,207,397
New York State Environmental Facilities Corp., RB,
Series B, Subordinate, 5.00%, 06/15/48		1,780		2,120,840
New York State Urban Development Corp., RB
Series A, 4.00%, 03/15/49		7,895		8,783,030
Series A, 3.00%, 03/15/50		1,285		1,291,718
New York Transportation Development Corp., RB
AMT, 5.00%, 10/01/35		350		418,686
AMT, 5.00%, 10/01/40		1,000		1,182,649
Triborough Bridge & Tunnel Authority, RB
Series A, 4.00%, 11/15/54		985		1,109,812
Series A, 5.00%, 11/15/54		840		1,018,699
Series A, 5.00%, 11/15/56		885		1,084,653
				45,906,952
North Carolina — 0.9%
County of Union North Carolina Enterprise System Revenue, RB, 3.00%, 06/01/51		2,055		2,129,218
University of North Carolina at Chapel Hill, RB, 5.00%, 02/01/49		530		730,066
				2,859,284
North Dakota — 0.4%
County of Cass North Dakota, Refunding RB, Series B, 5.25%, 02/15/58		950		1,106,457
Ohio — 3.7%
Buckeye Tobacco Settlement Financing Authority, Refunding RB
Series A-2, Class 1, 4.00%, 06/01/37		285		318,744
Series A-2, Class 1, 4.00%, 06/01/38		285		317,778

Security	Par (000)		Value
Ohio (continued)
Buckeye Tobacco Settlement Financing Authority, Refunding RB (continued)
Series A-2, Class 1, 4.00%, 06/01/39	$	285	$	317,241
Series A-2, Class 1, 4.00%, 06/01/48		755		816,609
Series B-2, Class 2, 5.00%, 06/01/55		2,725		2,984,883
County of Franklin Ohio, RB
Series 2017, 5.00%, 12/01/46		400		467,249
Series A, 6.13%, 07/01/22(b)		660		675,770
Series A, 4.00%, 12/01/49		505		565,756
County of Hamilton Ohio, Refunding RB 4.00%, 08/15/50		590		654,777
Series A, 3.75%, 08/15/50		1,040		1,117,756
County of Montgomery Ohio, Refunding RB, 4.00%, 08/01/46		915		1,026,517
Ohio Air Quality Development Authority, RB, AMT, 5.00%, 07/01/49(a)		230		255,609
Ohio Housing Finance Agency, Refunding RB, 3.25%, 09/01/52(c)		1,655		1,769,092
State of Ohio, RB, AMT, 5.00%, 06/30/53		275		297,162
				11,584,943
Oklahoma — 1.8%
Oklahoma Development Finance Authority, RB, Series B, 5.50%, 08/15/57		1,155		1,377,126
Oklahoma Turnpike Authority, RB
Series A, 4.00%, 01/01/48		2,050		2,285,153
Series C, 4.00%, 01/01/42		1,950		2,168,221
				5,830,500
Oregon — 1.3%
Medford Hospital Facilities Authority, Refunding RB, Series A, 4.00%, 08/15/50		1,680		1,854,033
Port of Portland Oregon Airport Revenue, Refunding ARB, Series 27-A, AMT, 5.00%, 07/01/45		1,795		2,137,439
				3,991,472
Pennsylvania — 4.4%
Allentown Neighborhood Improvement Zone Development Authority, RB(a)
Subordinate, 5.00%, 05/01/28		185		214,335
Subordinate, 5.13%, 05/01/32		230		267,320
Subordinate, 5.38%, 05/01/42		435		499,489
Hospitals & Higher Education Facilities Authority of Philadelphia, RB, Series A, 5.63%, 07/01/42		635		647,776
Lancaster Industrial Development Authority, RB, 5.00%, 12/01/49		1,300		1,460,270
Montgomery County Higher Education and Health Authority, Refunding RB
Series A, 5.00%, 09/01/43		1,220		1,410,368
Series A, 4.00%, 09/01/49		555		588,211
Montgomery County, Refunding RB, 4.00%, 05/01/52		2,125		2,312,805
Pennsylvania Economic Development Financing Authority, RB, AMT, 5.00%, 06/30/42		850		945,336
Pennsylvania Economic Development Financing Authority, Refunding RB, AMT, 5.50%, 11/01/44		1,035		1,083,475
Pennsylvania Higher Educational Facilities Authority, RB, 4.00%, 08/15/49		2,305		2,551,204

S C H E D U L EO F  I N V E S T M E N T S 4

Schedule of Investments (unaudited) (continued) January 31, 2022 BlackRock MuniVest Fund II, Inc. (MVT) (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Pennsylvania (continued)
Pennsylvania Turnpike Commission, RB, Series A, 5.00%, 12/01/44	$	1,105	$	1,210,624
School District of Philadelphia, GO, Series A, (SAW), 4.00%, 09/01/46		675		753,380
				13,944,593
Puerto Rico — 6.0%
Children’s Trust Fund, Refunding RB 5.50%, 05/15/39		675		693,728
5.63%, 05/15/43		690		703,968
Puerto Rico Commonwealth Aqueduct & Sewer Authority, Refunding RB
Series A, Senior Lien, 5.00%, 07/01/33		2,430		2,474,117
Series A, Senior Lien, 5.13%, 07/01/37		695		707,835
Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue, RB
Series A-1, Restructured, 4.75%, 07/01/53		1,843		2,016,542
Series A-1, Restructured, 5.00%, 07/01/58		6,807		7,573,604
Series A-2, Restructured, 4.33%, 07/01/40		85		92,268
Series A-2, Restructured, 4.78%, 07/01/58		2,941		3,229,336
Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue, RB, CAB(d)
Series A-1, Restructured, 0.00%, 07/01/46		3,564		1,152,672
Series A-1, Restructured, 0.00%, 07/01/51		1,971		459,801
				19,103,871
Rhode Island — 2.4%
Rhode Island Housing and Mortgage Finance Corp., 3.00%, 10/01/51(c)		570		599,279
Tobacco Settlement Financing Corp., Refunding RB
Series A, 5.00%, 06/01/35		820		897,292
Series B, 4.50%, 06/01/45		2,645		2,806,075
Series B, 5.00%, 06/01/50		2,945		3,199,224
				7,501,870
South Carolina — 5.7%
South Carolina Jobs-Economic Development Authority, Refunding RB 5.00%, 02/01/36		2,505		2,825,916
5.00%, 11/15/47		1,350		1,533,684
Series A, 5.00%, 05/01/48		3,060		3,545,827
South Carolina Public Service Authority, RB, Series A, 5.50%, 12/01/54		6,180		6,725,657
South Carolina Public Service Authority, Refunding RB
Series A, 5.00%, 12/01/50		1,430		1,572,981
Series E, 5.25%, 12/01/55		1,735		1,950,556
				18,154,621
Tennessee — 1.0%
Chattanooga Health Educational & Housing Facility Board, RB, Series A, 5.25%, 01/01/23(b)		995		1,037,115
Chattanooga Health Educational & Housing Facility Board, Refunding RB, Series A, 4.00%, 08/01/44		160		174,462
Metropolitan Government Nashville & Davidson County Health & Educational Facilities Board, RB, Series A, 5.00%, 07/01/40		690		778,317
Metropolitan Government Nashville & Davidson County Health & Educational Facilities Board, Refunding RB, Series A, 5.25%, 10/01/58		955		1,091,567
				3,081,461

Security	Par (000)		Value
Texas — 5.7%
Central Texas Regional Mobility Authority, RB, Series E, Senior Lien, 4.00%, 01/01/50	$	2,160	$	2,393,423
City of Houston Texas Airport System Revenue, Refunding RB, AMT, 5.00%, 07/01/29		775		821,608
City of San Antonio Texas Electric & Gas Systems Revenue, Refunding RB, Series A, 5.00%, 02/01/48		1,155		1,380,604
Clifton Higher Education Finance Corp., RB, 6.00%, 08/15/43		745		793,757
Fort Bend County Industrial Development Corp., RB, Series B, 4.75%, 11/01/42		670		685,631
Harris County Cultural Education Facilities Finance Corp., RB, Series B, 7.00%, 01/01/23(b)		455		481,171
North Texas Tollway Authority, Refunding RB, Series A, 5.00%, 01/01/38		925		1,017,551
Port Authority of Houston of Harris County Texas, ARB, 4.00%, 10/01/46		955		1,107,042
San Antonio Water System, Refunding RB, Series A, Junior Lien, 5.00%, 05/15/48.		1,245		1,475,066
Tarrant County Cultural Education Facilities Finance Corp., RB, Series B, 5.00%, 07/01/48		4,545		5,351,887
Tarrant County Cultural Education Facilities Finance Corp., Refunding RB, 5.00%, 10/01/49		1,000		1,064,036
Texas Transportation Commission, RB, Series A, 5.00%, 08/01/57		1,140		1,292,264
				17,864,040
Utah — 1.0%
County of Utah, RB
Series A, 4.00%, 05/15/43		215		244,030
Series A, 3.00%, 05/15/50		985		1,005,977
Salt Lake City Corp. Airport Revenue, ARB
Series A, AMT, 5.00%, 07/01/47		915		1,043,774
Series A, AMT, 5.00%, 07/01/48		875		1,012,798
				3,306,579
Virginia — 1.8%
Front Royal & Warren County Industrial Development Authority, RB, 4.00%, 01/01/50		1,160		1,241,113
Lexington Industrial Development Authority, RB, Series A, 5.00%, 01/01/48		820		861,477
Virginia Small Business Financing Authority, Refunding RB
AMT, Senior Lien, 5.25%, 01/01/32		1,615		1,646,048
AMT, Senior Lien, 6.00%, 01/01/37		1,940		1,978,170
				5,726,808
Washington — 1.7%
Port of Seattle Washington, ARB
Series A, AMT, 5.00%, 05/01/43		1,465		1,674,485
Series C, AMT, 5.00%, 04/01/40		755		822,058
Washington Health Care Facilities Authority, RB, Series A, 5.75%, 01/01/23(b)		2,290		2,398,244
Washington Health Care Facilities Authority, Refunding RB, Series A, 4.00%, 08/01/44		340		371,731
				5,266,518

5

Schedule of Investments (unaudited) (continued) January 31, 2022 BlackRock MuniVest Fund II, Inc. (MVT) (Percentages shown are based on Net Assets)

Security	Par (000)		Value
West Virginia — 0.5%
West Virginia Parkways Authority, RB, Senior Lien, 4.00%, 06/01/51	$	1,455	$	1,641,406
Total Municipal Bonds — 129.3% (Cost: $381,426,865)				408,483,936
Municipal Bonds Transferred to Tender Option Bond Trusts(h)
California — 3.3%
Bay Area Toll Authority, Refunding RB, 4.00%, 04/01/42(i)		3,056		3,318,019
California Health Facilities Financing Authority, Refunding RB, 4.00%, 08/15/48		1,335		1,511,229
Sacramento Area Flood Control Agency, Refunding SAB, 5.00%, 10/01/47		3,075		3,536,097
San Diego County Regional Airport Authority, ARB(i)
Series B, AMT, Subordinate, 4.00%, 07/01/56		579		628,393
Series B, AMT, Subordinate, 5.00%, 07/01/56		1,274		1,499,905
				10,493,643
Colorado — 0.9%
City & County of Denver Colorado Airport System Revenue, Refunding ARB, Series A, AMT, 5.25%, 12/01/48(i)		2,252		2,676,755
District of Columbia — 0.6%
Metropolitan Washington Airports Authority Dulles Toll Road Revenue, Refunding RB, Series B, Subordinate, (AGM), 4.00%, 10/01/53		1,798		1,964,399
Georgia — 1.1%
Dalton Whitfield County Joint Development Authority, RB, 4.00%, 08/15/48		1,821		1,975,907
Georgia Housing & Finance Authority, Refunding RB, Series A, 3.60%, 12/01/44		1,442		1,499,317
				3,475,224
Illinois — 1.1%
Illinois Finance Authority, Refunding RB
Series C, 4.00%, 02/15/27(b)		6		6,817
Series C, 4.00%, 02/15/41		3,219		3,524,576
				3,531,393
Massachusetts — 2.3%
Commonwealth of Massachusetts Transportation Fund Revenue, RB, Series A, 4.00%, 06/01/45		2,043		2,180,097
Massachusetts Development Finance Agency, Refunding RB, 5.00%, 07/01/47		4,574		5,183,431
				7,363,528
New Jersey — 2.2%
New Jersey Health Care Facilities Financing Authority, RB, 4.00%, 07/01/51		6,241		7,037,096
New York — 6.8%
New York Power Authority, Refunding RB, Series A, 4.00%, 11/15/60		1,308		1,453,199
New York State Dormitory Authority, Refunding RB, Series D, 4.00%, 02/15/47		5,956		6,578,283
New York State Thruway Authority, Refunding RB, Series B, Subordinate, 4.00%, 01/01/50		2,884		3,162,207

Security	Par (000)		Value
New York (continued)
New York State Urban Development Corp., RB, Series A, 4.00%, 03/15/46	$	6,617	$	7,265,160
Port Authority of New York & New Jersey, Refunding ARB, 194th Series, 5.25%, 10/15/55		2,595		2,928,422
				21,387,271
North Carolina — 0.9%
North Carolina Capital Facilities Finance Agency, Refunding RB, Series B, 5.00%, 10/01/25(b)		2,550		2,892,302
Ohio — 0.8%
Ohio State University, RB, 4.00%, 12/01/48		2,071		2,396,812
Pennsylvania — 0.9%
Pennsylvania Turnpike Commission, RB, Sub- Series A, 5.50%, 12/01/42		2,340		2,737,360
Rhode Island — 0.5%
Narragansett Bay Commission, Refunding RB, Series A, 4.00%, 09/01/22(b)		1,530		1,561,335
Texas — 4.5%
Board of Regents of the University of Texas System, Refunding RB, Series B, 5.00%, 08/15/43		1,831		1,867,364
City of San Antonio Texas Electric & Gas Systems Revenue, RB, Junior Lien, 5.00%, 02/01/23(b)		2,520		2,625,055
Lower Colorado River Authority, Refunding, RB, 4.00%, 05/15/43		2,030		2,045,486
Texas Water Development Board, RB, Series A, 4.00%, 10/15/49		6,900		7,814,412
				14,352,317
Virginia — 2.4%
Hampton Roads Transportation Accountability
Commission, RB, Series A, Senior Lien, 4.00%, 07/01/60(i)		2,145		2,408,066
Virginia Small Business Financing Authority, Refunding RB, Series A, 4.00%, 12/01/49		4,780		5,310,325
				7,718,391
Wisconsin — 2.0%
Wisconsin Health & Educational Facilities Authority, Refunding RB 4.00%, 12/01/46		2,833		3,021,102
4.00%, 12/15/49(i)		2,940		3,246,574
				6,267,676
Total Municipal Bonds Transferred to Tender Option Bond Trusts — 30.3% (Cost: $92,371,599)				95,855,502
Total Long-Term Investments — 159.6% (Cost: $473,798,464)				504,339,438

S C H E D U L EO F  I N V E S T M E N T S 6

Schedule of Investments (unaudited) (continued) January 31, 2022 BlackRock MuniVest Fund II, Inc. (MVT) (Percentages shown are based on Net Assets)

Security	Shares		Value
Short-Term Securities
Money Market Funds — 4.7%
BlackRock Liquidity Funds, MuniCash, Institutional Class, 0.01%(j)(k)		15,081,281	$	15,081,281
Total Short-Term Securities — 4.7% (Cost: $15,082,778)				15,081,281
Total Investments — 164.3% (Cost: $488,881,242)				519,420,719
Liabilities in Excess of Other Assets — (1.3)%				(4,420,459	)
Liability for TOB Trust Certificates, Including Interest Expense and Fees Payable — (18.7)%				(58,944,899	)
VMTP Shares at Liquidation Value — (44.3)%				(140,000,000	)
Net Assets Applicable to Common Shares — 100.0%			$	316,055,361

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

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

^(c)  When-issued security.

^(d)  Zero-coupon bond.

^(e) 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.

^(f)  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.

^(g)  Security is collateralized by municipal bonds or U.S. Treasury obligations.

^(h)  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.

⁽ⁱ⁾  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 April 1, 2025 to July 1, 2029, is $8,199,786.

^(j)  Affiliate of the Fund.

^(k)  Annualized 7-day yield as of period end.

Affiliates

Investments in issuers considered to be affiliate(s) of the Fund during the period ended January 31, 2022 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

Affiliated Issuer	Value at 04/30/21		Purchases at Cost			Proceeds from Sales		Net Realized Gain (Loss)			Change in Unrealized Appreciation (Depreciation)		Value at 01/31/22		Shares Held at 01/31/22		Income		Capital Gain Distributions from Underlying Funds
BlackRock Liquidity Funds, MuniCash, Institutional Class	$	655,154	$	14,428,247	(a)	$	—	$	(537	)	$	(1,583)	$	15,081,281		15,081,281	$	443	$	—

^(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		44		03/22/22	$	5,631	$	153,940
U.S. Long Bond		29		03/22/22		4,510		233,179
5-Year U.S. Treasury Note		28		03/31/22		3,338		63,520
							$	450,639

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

7

Schedule of Investments (unaudited) (continued) January 31, 2022 BlackRock MuniVest Fund II, Inc. (MVT)

Fair Value Hierarchy as of Period End (continued)

• 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 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 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	$	—	$	408,483,936	$	—	$	408,483,936
Municipal Bonds Transferred to Tender Option Bond Trusts		—		95,855,502		—		95,855,502
Short-Term Securities
Money Market Funds		15,081,281		—		—		15,081,281
	$	15,081,281	$	504,339,438	$	—	$	519,420,719
Derivative Financial Instruments(a)
Assets
Interest Rate Contracts	$	450,639	$	—	$	—	$	450,639

^(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	$	—	$	(58,930,410	)	$	—	$	(58,930,410	)
VMTP Shares at Liquidation Value		—		(140,000,000	)		—		(140,000,000	)
	$	—	$	(198,930,410	)	$	—	$	(198,930,410	)

Portfolio Abbreviation		Portfolio Abbreviation (continued)
AGC	Assured Guaranty Corp.	SAB	Special Assessment Bonds
AGM	Assured Guaranty Municipal Corp.	SAW	State Aid Withholding
AMT	Alternative Minimum Tax
ARB	Airport Revenue Bonds
CAB	Capital Appreciation Bonds
COP	Certificates of Participation
FHA	Federal Housing Administration
GO	General Obligation Bonds
GTD	GTD Guaranteed
M/F	Multi-Family
NPFGC	National Public Finance Guarantee Corp.
RB	Revenue Bond
S/F	Single-Family

S C H E D U L EO F  I N V E S T M E N T S 8