Schedule of Investments (unaudited) January 31, 2021 | BlackRock MuniAssets Fund, Inc. (MUA) (Percentages shown are based on Net Assets) |
Security | Par (000) | Value | ||||||
Municipal Bonds | ||||||||
Alabama — 1.6% | ||||||||
County of Jefferson Alabama Sewer Revenue, Refunding RB, Series D, Sub Lien, 6.00%, 10/01/42 | $ | 3,745 | $ | 4,349,892 | ||||
Hoover Industrial Development Board, RB, AMT, 6.38%, 11/01/50(a) | 2,725 | 3,298,885 | ||||||
Tuscaloosa County Industrial Development Authority, Refunding RB(b) | ||||||||
Series A, 4.50%, 05/01/32 | 380 | 429,696 | ||||||
Series A, 5.25%, 05/01/44 | 485 | 556,281 | ||||||
|
| |||||||
8,634,754 | ||||||||
Alaska — 0.5% | ||||||||
Northern Tobacco Securitization Corp., Refunding RB | ||||||||
Series A, 4.63%, 06/01/23 | 130 | 130,212 | ||||||
Series A, 5.00%, 06/01/46 | 2,790 | 2,835,086 | ||||||
|
| |||||||
2,965,298 | ||||||||
Arizona — 3.2% | ||||||||
Arizona Industrial Development Authority, RB(b) | ||||||||
7.10%, 01/01/55 | 1,790 | 1,796,587 | ||||||
Series A, 5.00%, 12/15/39 | 250 | 276,445 | ||||||
Series B, 5.13%, 07/01/47 | 665 | 721,764 | ||||||
Arizona Industrial Development Authority, Refunding RB(b) | ||||||||
Series A, 5.13%, 07/01/37 | 960 | 1,078,973 | ||||||
Series A, 5.25%, 07/01/47 | 1,765 | 1,946,760 | ||||||
Series A, 5.50%, 07/01/52 | 1,775 | 1,909,474 | ||||||
Glendale Industrial Development Authority, RB | ||||||||
5.00%, 05/15/41 | 100 | 113,285 | ||||||
5.00%, 05/15/56 | 405 | 455,734 | ||||||
Industrial Development Authority of the City of Phoenix, RB(b) | ||||||||
Series A, 6.50%, 07/01/34 | 570 | 629,987 | ||||||
Series A, 6.75%, 07/01/44 | 1,000 | 1,097,660 | ||||||
Industrial Development Authority of the City of Phoenix, Refunding RB(b) | ||||||||
5.00%, 07/01/35 | 625 | 678,892 | ||||||
5.00%, 07/01/45 | 1,425 | 1,529,325 | ||||||
Series A, 5.00%, 07/01/35 | 260 | 286,614 | ||||||
Industrial Development Authority of the County of Pima Refunding RB, 5.00%, 07/01/56(b) | 480 | 493,358 | ||||||
La Paz County Industrial Development Authority, RB, 5.88%, 06/15/48(b) | 875 | 915,504 | ||||||
Maricopa County Industrial Development Authority, RB(b) | ||||||||
5.25%, 10/01/40 | 465 | 487,952 | ||||||
5.50%, 10/01/51 | 465 | 486,464 | ||||||
Salt Verde Financial Corp., RB, 5.00%, 12/01/37 | 1,650 | 2,398,127 | ||||||
|
| |||||||
17,302,905 | ||||||||
Arkansas(b) — 1.8% | ||||||||
Arkansas Development Finance Authority, RB | ||||||||
AMT, 4.50%, 09/01/49 | 2,815 | 3,101,933 | ||||||
AMT, 4.75%, 09/01/49 | 6,090 | 6,864,343 | ||||||
|
| |||||||
9,966,276 | ||||||||
California — 3.6% | ||||||||
California Municipal Finance Authority, RB(b) | ||||||||
Series A, 5.50%, 08/01/34 | 315 | 334,341 | ||||||
Series A, 6.00%, 08/01/44 | 665 | 705,053 | ||||||
Series A, 6.13%, 08/01/49 | 580 | 615,096 |
Security | Par (000) | Value | ||||||
California (continued) | ||||||||
California Public Finance Authority RB, 6.25%, 07/01/54(b) | $ | 1,780 | $ | 2,015,992 | ||||
California School Finance Authority, RB | 435 | 473,637 | ||||||
6.90%, 07/01/43 | 975 | 1,057,114 | ||||||
Series A, 6.40%, 07/01/48 | 1,570 | 1,772,232 | ||||||
California Statewide Communities Development Authority, RB, 5.25%, 12/01/38(b) | 580 | 703,633 | ||||||
California Statewide Financing Authority, RB, Series B, 6.00%, 05/01/43 | 1,650 | 1,654,323 | ||||||
City of San Jose California Hotel Tax Revenue, RB | 900 | 912,654 | ||||||
6.50%, 05/01/42 | 2,220 | 2,250,969 | ||||||
Golden State Tobacco Securitization Corp., Refunding RB | ||||||||
Series A-1, 5.25%, 06/01/47 | 610 | 636,694 | ||||||
Series A-2, 5.00%, 06/01/47 | 790 | 821,726 | ||||||
Hastings Campus Housing Finance Authority, RB, CAB, Sub-Series A, 6.75%, 07/01/61(b)(c) | 1,705 | 930,981 | ||||||
Riverside County Transportation Commission, RB, Series A, Senior Lien, 5.75%, 06/01/48 | 2,885 | 3,163,662 | ||||||
San Francisco City & County Redevelopment Agency Successor Agency, TA, CAB(b)(d) | ||||||||
Series D, 0.00%, 08/01/26 | 1,250 | 971,625 | ||||||
Series D, 0.00%, 08/01/43 | 1,500 | 493,980 | ||||||
|
| |||||||
19,513,712 | ||||||||
Colorado — 1.4% | ||||||||
9th Avenue Metropolitan District No.2, GO, | 910 | 957,921 | ||||||
Arista Metropolitan District, Refunding GO, Series A, 5.00%, 12/01/38 | 1,240 | 1,314,462 | ||||||
Centerra Metropolitan District No.1, TA, 5.00%, 12/01/47(b) | 575 | 597,546 | ||||||
Green Valley Ranch East Metropolitan District No.6, GO, Series A, 5.88%, 12/01/50 | 935 | 989,931 | ||||||
Karl’s Farm Metropolitan District No.2, GO, Series A, 5.63%, 12/01/50(b) | 545 | 561,459 | ||||||
North Holly Metropolitan District, GO, Series A, 5.50%, 12/01/48 | 500 | 527,535 | ||||||
Palisade Metropolitan District No.2, GO, Subordinate, 7.25%, 12/15/49 | 1,211 | 1,290,441 | ||||||
Prairie Farm Metropolitan District, GO, Series A, 5.25%, 12/01/48 | 760 | 799,961 | ||||||
Southlands Metropolitan District No.1, Refunding GO, Series A-1, 5.00%, 12/01/47 | 410 | 435,420 | ||||||
|
| |||||||
7,474,676 | ||||||||
Connecticut(b) — 0.9% | ||||||||
Connecticut State Health & Educational Facilities Authority, RB | ||||||||
Series A, 5.00%, 01/01/45 | 325 | 354,188 | ||||||
Series A, 5.00%, 01/01/55 | 435 | 464,580 | ||||||
Mohegan Tribal Finance Authority, RB, 7.00%, 02/01/45 | 1,390 | 1,396,519 | ||||||
Mohegan Tribe of Indians of Connecticut, RB, Series A, 6.75%, 02/01/45 | 967 | 985,827 | ||||||
Mohegan Tribe of Indians of Connecticut, Refunding RB, Series C, 6.25%, 02/01/30 | 1,835 | 1,907,171 | ||||||
|
| |||||||
5,108,285 |
S C H E D U L E O F I N V E S T M E N T S | 1 |
Schedule of Investments (unaudited) (continued) January 31, 2021 | BlackRock MuniAssets Fund, Inc. (MUA) (Percentages shown are based on Net Assets) |
Security | Par (000) | Value | ||||||
District of Columbia — 0.6% | ||||||||
District of Columbia Tobacco Settlement Financing Corp., RB, CAB, Series A, 0.00%, 06/15/46(d) | $ | 15,400 | $ | 3,258,178 | ||||
|
| |||||||
Florida — 9.4% | ||||||||
Boggy Creek Improvement District, Refunding SAB, Series 2013, 5.13%, 05/01/43 | 1,380 | 1,447,896 | ||||||
Capital Region Community Development District, Refunding SAB, Series A-1, 5.13%, 05/01/39 | 1,495 | 1,665,849 | ||||||
Capital Trust Agency, Inc., RB | ||||||||
Series A, 8.25%, 01/01/44 | 511 | 168,270 | ||||||
Series A, 8.25%, 01/01/49 | 1,096 | 361,046 | ||||||
Series A, 5.75%, 06/01/54(b) | 940 | 995,253 | ||||||
Charlotte County Industrial Development Authority, RB(b) | ||||||||
AMT, 5.00%, 10/01/34 | 245 | 279,361 | ||||||
AMT, 5.00%, 10/01/49 | 1,170 | 1,260,102 | ||||||
Collier County Industrial Development Authority, Refunding RB, Series A, 8.13%, 05/15/44(b)(e)(f) | 630 | 485,578 | ||||||
County of Osceola Florida Transportation Revenue, Refunding RB, CAB(d) | ||||||||
Series A-2, 0.00%, 10/01/50 | 730 | 269,144 | ||||||
Series A-2, 0.00%, 10/01/51 | 875 | 309,916 | ||||||
Series A-2, 0.00%, 10/01/52 | 875 | 298,445 | ||||||
Series A-2, 0.00%, 10/01/53 | 2,325 | 761,879 | ||||||
Series A-2, 0.00%, 10/01/54 | 875 | 275,118 | ||||||
Florida Development Finance Corp., RB | ||||||||
Series A, 5.75%, 06/15/29 | 690 | 749,485 | ||||||
Series A, 6.00%, 06/15/34 | 835 | 906,868 | ||||||
Series A, 6.13%, 06/15/44 | 3,180 | 3,430,489 | ||||||
Series A, AMT, 5.00%, 08/01/29(a)(b) | 1,550 | 1,613,163 | ||||||
Series B, AMT, 7.38%, 01/01/49(b) | 2,475 | 2,400,007 | ||||||
Greeneway Improvement District, SAB, 5.13%, 05/01/43 | 1,715 | 1,773,413 | ||||||
Lakewood Ranch Stewardship District, Refunding SAB, 8.00%, 05/01/21(g) | 1,485 | 1,514,061 | ||||||
Lakewood Ranch Stewardship District, SAB 4.00%, 05/01/21 | 54 | 53,928 | ||||||
4.25%, 05/01/26 | 135 | 140,963 | ||||||
4.75%, 05/01/29 | 565 | 635,964 | ||||||
4.95%, 05/01/29(b) | 395 | 449,186 | ||||||
5.30%, 05/01/39 | 645 | 743,279 | ||||||
5.50%, 05/01/39(b) | 400 | 466,712 | ||||||
5.13%, 05/01/46 | 810 | 860,171 | ||||||
5.45%, 05/01/48 | 1,150 | 1,317,889 | ||||||
5.65%, 05/01/48(b) | 665 | 771,580 | ||||||
Miami-Dade County Industrial Development Authority, RB, 5.00%, 01/15/48 | 915 | 1,049,295 | ||||||
Mid-Bay Bridge Authority, RB, Series A, 7.25%, 10/01/21(g) | 4,550 | 4,765,761 | ||||||
Midtown Miami Community Development District, Refunding SAB | ||||||||
Series A, 5.00%, 05/01/37 | 845 | 876,535 | ||||||
Series B, 5.00%, 05/01/37 | 495 | 513,473 | ||||||
North River Ranch Community Development District, SAB | ||||||||
Series A-1, 4.00%, 05/01/40 | 310 | 317,952 | ||||||
Series A-1, 4.25%, 05/01/51 | 530 | 544,077 | ||||||
Series A-2, 4.20%, 05/01/35 | 450 | 460,656 | ||||||
Series A-3, 4.75%, 05/01/40 | 600 | 600,150 | ||||||
Palm Beach County Health Facilities Authority, Refunding RB, Series A, 7.25%, 06/01/34 | 500 | 545,330 |
Security | Par (000) | Value | ||||||
Florida (continued) | ||||||||
Santa Rosa Bay Bridge Authority, RB, 6.25%, 07/01/28(e)(f) | $ | 3,404 | $ | 2,894,481 | ||||
Seminole County Industrial Development Authority, Refunding RB | ||||||||
5.50%, 11/15/49 | 1,235 | 1,207,941 | ||||||
5.75%, 11/15/54 | 985 | 986,606 | ||||||
Tolomato Community Development District, Refunding SAB, Series 2015-2, 6.61%, 05/01/40(c) | 805 | 570,608 | ||||||
Tolomato Community Development District, Refunding SAB, CAB, Series A-4, Convertible, 6.61%, 05/01/40(c) | 305 | 288,237 | ||||||
Tolomato Community Development District, | ||||||||
3rd Series, 6.65%, 05/01/40 | 710 | 7 | ||||||
Series 2015-1, 6.61%, 05/01/40(c) | 1,305 | 1,178,076 | ||||||
Series 2015-3, 6.61%, 05/01/40 | 875 | 9 | ||||||
Trout Creek Community Development District, SAB | ||||||||
5.38%, 05/01/38 | 430 | 484,902 | ||||||
5.50%, 05/01/49 | 1,105 | 1,235,556 | ||||||
Village Community Development District No.9, SAB | ||||||||
6.75%, 05/01/31 | 1,345 | 1,358,114 | ||||||
7.00%, 05/01/41 | 2,210 | 2,230,155 | ||||||
5.50%, 05/01/42 | 1,090 | 1,119,604 | ||||||
West Villages Improvement District, SAB | ||||||||
4.75%, 05/01/39 | 455 | 500,609 | ||||||
5.00%, 05/01/50 | 940 | 1,034,808 | ||||||
|
| |||||||
51,167,957 | ||||||||
Georgia — 1.4% | ||||||||
Clayton County Development Authority, Refunding RB, Series A, 8.75%, 06/01/29 | 3,141 | 3,157,811 | ||||||
Main Street Natural Gas, Inc., RB | ||||||||
Series A, 5.00%, 05/15/35 | 560 | 782,370 | ||||||
Series A, 5.00%, 05/15/36 | 560 | 789,706 | ||||||
Series A, 5.00%, 05/15/37 | 615 | 876,929 | ||||||
Series A, 5.00%, 05/15/38 | 340 | 490,052 | ||||||
Series A, 5.00%, 05/15/49 | 1,130 | 1,756,223 | ||||||
|
| |||||||
7,853,091 | ||||||||
Idaho — 0.1% | ||||||||
Idaho Housing & Finance Association, RB, Series A, 6.95%, 06/15/55(b) | 580 | 609,626 | ||||||
|
| |||||||
Illinois — 5.7% | ||||||||
Chicago Board of Education, GO | ||||||||
Series A, 5.00%, 12/01/42 | 1,020 | 1,074,907 | ||||||
Series C, 5.25%, 12/01/35 | 1,655 | 1,851,134 | ||||||
Series D, 5.00%, 12/01/46 | 2,155 | 2,388,786 | ||||||
Series H, 5.00%, 12/01/46 | 720 | 839,311 | ||||||
Chicago Board of Education, Refunding GO | ||||||||
Series B, 4.00%, 12/01/35 | 745 | 773,384 | ||||||
Series C, 5.00%, 12/01/25 | 725 | 859,248 | ||||||
Series D, 5.00%, 12/01/31 | 1,000 | 1,211,930 | ||||||
Series G, 5.00%, 12/01/44 | 2,150 | 2,497,612 | ||||||
City of Chicago Illinois, Refunding GO, Series A, 6.00%, 01/01/38 | 1,260 | 1,521,677 | ||||||
Illinois Finance Authority, Refunding RB 6.60%, 07/01/24 | 560 | 571,043 | ||||||
6.00%, 02/01/34 | 365 | 385,582 | ||||||
6.13%, 02/01/45 | 860 | 898,287 | ||||||
Metropolitan Pier & Exposition Authority, RB | ||||||||
Series A, 5.50%, 06/15/53 | 2,370 | 2,748,418 | ||||||
Series A, 5.00%, 06/15/57 | 1,020 | 1,189,718 |
2 |
Schedule of Investments (unaudited) (continued) January 31, 2021 | BlackRock MuniAssets Fund, Inc. (MUA) (Percentages shown are based on Net Assets) |
Security | Par (000) | Value | ||||||
Illinois (continued) | ||||||||
Metropolitan Pier & Exposition Authority, RB, CAB, Series A, 0.00%, 12/15/52(d) | $ | 3,430 | $ | 1,207,223 | ||||
Metropolitan Pier & Exposition Authority, Refunding RB, CAB, Series B, 0.00%, 12/15/54(d) | 20,700 | 6,727,914 | ||||||
State of Illinois, GO | ||||||||
5.50%, 05/01/30 | 530 | 683,292 | ||||||
5.50%, 05/01/39 | 1,055 | 1,333,731 | ||||||
Series A, 5.00%, 01/01/33 | 740 | 768,068 | ||||||
Village of Lincolnshire Illinois, ST, 6.25%, 03/01/34 | 1,448 | 1,449,767 | ||||||
|
| |||||||
30,981,032 | ||||||||
Indiana — 1.9% | ||||||||
City of Anderson Indiana, RB, | 580 | 599,163 | ||||||
City of Valparaiso Indiana, RB | ||||||||
AMT, 6.75%, 01/01/34 | 825 | 905,512 | ||||||
AMT, 7.00%, 01/01/44 | 2,000 | 2,184,040 | ||||||
City of Vincennes Indiana, Refunding RB, 6.25%, 01/01/29(b) | 1,885 | 1,890,014 | ||||||
Indiana Finance Authority, RB | ||||||||
Series A, AMT, 6.75%, 05/01/39 | 1,060 | 1,312,428 | ||||||
Series A, AMT, 5.00%, 07/01/44 | 470 | 504,785 | ||||||
Series A, AMT, 5.00%, 07/01/48 | 1,555 | 1,669,790 | ||||||
Indiana Housing & Community Development Authority, RB, 5.38%, 10/01/40(b) | 1,230 | 1,276,174 | ||||||
|
| |||||||
10,341,906 | ||||||||
Iowa — 1.5% | ||||||||
Iowa Finance Authority, Refunding RB 5.25%, 12/01/25 | 150 | 168,366 | ||||||
Series B, 5.25%, 12/01/50(a) | 2,085 | 2,335,867 | ||||||
Iowa Tobacco Settlement Authority, Refunding RB, Series C, 5.38%, 06/01/38 | 4,900 | 4,959,437 | ||||||
Iowa Tobacco Settlement Authority, Refunding RB, CAB, Series B, 5.60%, 06/01/34 | 795 | 804,652 | ||||||
|
| |||||||
8,268,322 | ||||||||
Kentucky — 0.8% | ||||||||
Kentucky Public Transportation Infrastructure Authority, RB, Series A, 5.75%, 07/01/49 | 4,000 | 4,444,680 | ||||||
|
| |||||||
Louisiana — 2.4% | ||||||||
Juban Crossing Economic Development District, Refunding RB, Series C, 7.00%, 09/15/44(b) | 2,380 | 2,135,764 | ||||||
Louisiana Local Government Environmental Facilities & Community Development Auth, RB, 5.00%, 07/01/54(b) | 930 | 957,621 | ||||||
Louisiana Public Facilities Authority, RB, 6.75%, 05/01/21(g) | 1,745 | 1,773,758 | ||||||
Parish of St. James Louisiana, RB, 2nd Series, 6.35%, 07/01/40(b) | 1,580 | 1,985,254 | ||||||
Tobacco Settlement Financing Corp., Refunding RB, Series A, 5.25%, 05/15/35 | 5,570 | 6,075,366 | ||||||
|
| |||||||
12,927,763 | ||||||||
Maine — 0.6% | ||||||||
Maine Health & Higher Educational Facilities Authority, RB, 6.75%, 07/01/21(g) | 2,955 | 3,042,764 | ||||||
|
| |||||||
Maryland — 1.1% | ||||||||
County of Frederick Maryland, Refunding TA, 4.63%, 07/01/43(b) | 1,970 | 2,252,025 |
Security | Par (000) | Value | ||||||
Maryland (continued) | ||||||||
Maryland Economic Development Corp., RB, 5.00%, 07/01/56 | $ | 360 | $ | 429,354 | ||||
Maryland Health & Higher Educational Facilities Authority, RB, Series A, 7.00%, 03/01/55(b) | 3,010 | 3,431,551 | ||||||
|
| |||||||
6,112,930 | ||||||||
Michigan — 1.2% | ||||||||
Advanced Technology Academy, Refunding RB, 5.00%, 11/01/44 | 415 | 449,017 | ||||||
City of Detroit Michigan Sewage Disposal System Revenue, Refunding RB, Series A, Senior Lien, 5.25%, 07/01/22(g) | 2,785 | 2,986,690 | ||||||
City of Detroit Michigan, GO | ||||||||
5.00%, 04/01/34 | 285 | 337,164 | ||||||
5.00%, 04/01/35 | 285 | 336,180 | ||||||
5.00%, 04/01/36 | 200 | 235,368 | ||||||
5.00%, 04/01/37 | 320 | 375,581 | ||||||
5.00%, 04/01/38 | 145 | 169,751 | ||||||
Michigan Finance Authority, RB, Series C-2, AMT, Senior Lien, 5.00%, 07/01/22(g) | 415 | 442,610 | ||||||
Michigan Strategic Fund, RB, AMT, 5.00%, 06/30/48 | 1,200 | 1,446,504 | ||||||
|
| |||||||
6,778,865 | ||||||||
Minnesota — 0.4% | ||||||||
City of Minneapolis Minnesota, RB, Series A, 5.75%, 07/01/55 | 1,480 | 1,612,297 | ||||||
Housing & Redevelopment Authority of The City of St. Paul Minnesota, Refunding RB | ||||||||
Series A, 5.75%, 09/01/46 | 195 | 221,450 | ||||||
Series A, 6.00%, 09/01/51 | 290 | 332,105 | ||||||
|
| |||||||
2,165,852 | ||||||||
Missouri — 0.3% | ||||||||
Industrial Development Authority of the City of St. Louis Missouri, Refunding RB | ||||||||
Series A, 4.38%, 11/15/35 | 685 | 663,779 | ||||||
Series A, 4.75%, 11/15/47 | 760 | 691,402 | ||||||
|
| |||||||
1,355,181 | ||||||||
Nevada — 0.2% | ||||||||
Tahoe-Douglas Visitors Authority, RB 5.00%, 07/01/40 | 315 | 369,483 | ||||||
5.00%, 07/01/45 | 395 | 457,635 | ||||||
5.00%, 07/01/51 | 420 | 481,992 | ||||||
|
| |||||||
1,309,110 | ||||||||
New Hampshire — 0.7% | ||||||||
New Hampshire Business Finance Authority, RB | ||||||||
Series A, 4.13%, 08/15/40 | 530 | 531,707 | ||||||
Series A, 4.25%, 08/15/46 | 595 | 595,434 | ||||||
Series A, 4.50%, 08/15/55 | 1,235 | 1,237,680 | ||||||
New Hampshire Business Finance Authority, Refunding RB(b) | ||||||||
Series B, 4.63%, 11/01/42 | 1,015 | 1,063,405 | ||||||
Series C, AMT, 4.88%, 11/01/42 | 485 | 511,001 | ||||||
|
| |||||||
3,939,227 | ||||||||
New Jersey — 4.7% | ||||||||
Casino Reinvestment Development Authority, Inc., Refunding RB | 1,065 | 1,142,638 |
S C H E D U L E O F I N V E S T M E N T S | 3 |
Schedule of Investments (unaudited) (continued) January 31, 2021 | BlackRock MuniAssets Fund, Inc. (MUA) (Percentages shown are based on Net Assets) |
Security | Par (000) | Value | ||||||
New Jersey (continued) | ||||||||
Casino Reinvestment Development Authority, Inc., Refunding RB (continued) | ||||||||
5.25%, 11/01/44 | $ | 770 | $ | 822,137 | ||||
New Jersey Economic Development Authority, RB 6.00%, 10/01/43 | 1,530 | 1,697,305 | ||||||
Series A, 5.00%, 07/01/32 | 165 | 168,147 | ||||||
Series A, 5.00%, 07/01/37 | 260 | 261,971 | ||||||
Series A, 5.25%, 11/01/54(b) | 1,675 | 1,699,321 | ||||||
Series B, 5.00%, 06/15/43 | 2,245 | 2,718,134 | ||||||
AMT, 5.38%, 01/01/43 | 2,155 | 2,355,092 | ||||||
Series B, AMT, 6.50%, 04/01/31 | 2,065 | 2,216,654 | ||||||
New Jersey Economic Development Authority, Refunding RB, Series A, 6.00%, 08/01/49(b) | 500 | 527,080 | ||||||
New Jersey Transportation Trust Fund Authority, RB | ||||||||
Series AA, 5.25%, 06/15/41 | 1,140 | 1,318,649 | ||||||
Series AA, 5.00%, 06/15/50 | 675 | 839,234 | ||||||
Series S, 5.25%, 06/15/43 | 2,345 | 2,908,902 | ||||||
Tobacco Settlement Financing Corp., Refunding RB, Sub-Series B, 5.00%, 06/01/46 | 5,970 | 7,106,628 | ||||||
|
| |||||||
25,781,892 | ||||||||
New Mexico — 0.6% | ||||||||
New Mexico Hospital Equipment Loan Council, Refunding RB, 5.50%, 07/01/42 | 2,970 | 3,169,049 | ||||||
|
| |||||||
New York — 6.4% | ||||||||
City of New York, RB, 3rd Series, | 90 | 76,713 | ||||||
Erie Tobacco Asset Securitization Corp., Refunding RB, Series A, 5.00%, 06/01/45 | 2,890 | 2,916,155 | ||||||
Metropolitan Transportation Authority, Refunding RB | ||||||||
Series C-1, 4.75%, 11/15/45 | 1,740 | 2,104,669 | ||||||
Series C-1, 5.00%, 11/15/50 | 565 | 694,549 | ||||||
Series C-1, 5.25%, 11/15/55 | 840 | 1,049,093 | ||||||
New York Counties Tobacco Trust IV, Refunding RB | ||||||||
Series A, 6.25%, 06/01/41(b) | 5,200 | 5,284,032 | ||||||
Series A, 5.00%, 06/01/42 | 3,155 | 3,188,979 | ||||||
Series A, 5.00%, 06/01/45 | 1,185 | 1,197,762 | ||||||
New York Counties Tobacco Trust VI, Refunding RB | ||||||||
Series A-2-B, 5.00%, 06/01/45 | 2,655 | 2,858,824 | ||||||
Series A-2-B, 5.00%, 06/01/51 | 1,900 | 2,008,680 | ||||||
New York Liberty Development Corp., Refunding RB(b) | ||||||||
Series 1, Class 1, 5.00%, 11/15/44 | 6,205 | 6,733,666 | ||||||
Series 2, Class 2, 5.15%, 11/15/34 | 455 | 499,103 | ||||||
Series 2, Class 2, 5.38%, 11/15/40 | 1,080 | 1,188,216 | ||||||
New York Transportation Development Corp., RB | ||||||||
AMT, 5.00%, 10/01/35 | 395 | 490,847 | ||||||
AMT, 5.00%, 10/01/40 | 1,120 | 1,382,147 | ||||||
New York Transportation Development Corp., Refunding ARB, AMT, 5.38%, 08/01/36 | 1,490 | 1,732,945 | ||||||
Westchester County Healthcare Corp., RB, Series A, Senior Lien, 5.00%, 11/01/44 | 1,234 | 1,361,812 | ||||||
|
| |||||||
34,768,192 | ||||||||
North Carolina — 0.5% | ||||||||
North Carolina Medical Care Commission, Refunding RB, Series A, 7.75%, 03/01/21(g) | 2,420 | 2,434,714 | ||||||
|
| |||||||
Ohio — 3.0% | ||||||||
Buckeye Tobacco Settlement Financing Authority, Refunding RB, Series B-2, Class 2, 5.00%, 06/01/55 | 8,485 | 9,890,370 | ||||||
County of Hamilton Ohio, Refunding RB, 5.00%, 01/01/46 | 875 | 948,369 |
Security | Par (000) | Value | ||||||
Ohio (continued) | ||||||||
County of Hardin Ohio , Refunding RB 5.00%, 05/01/30 | $ | 240 | $ | 255,634 | ||||
5.25%, 05/01/40 | 480 | 498,163 | ||||||
5.50%, 05/01/50 | 1,130 | 1,169,166 | ||||||
Ohio Air Quality Development Authority, RB, AMT, 5.00%, 07/01/49(b) | 840 | 941,203 | ||||||
Southern Ohio Port Authority, RB, Series A, AMT, 7.00%, 12/01/42(b) | 2,315 | 2,505,733 | ||||||
|
| |||||||
16,208,638 | ||||||||
Oklahoma — 1.4% | ||||||||
Oklahoma Development Finance Authority, RB | ||||||||
Series B, 5.00%, 08/15/38 | 2,990 | 3,524,463 | ||||||
Series B, 5.25%, 08/15/43 | 2,690 | 3,193,191 | ||||||
Tulsa County Industrial Authority, Refunding RB, 5.25%, 11/15/37 | 750 | 802,860 | ||||||
|
| |||||||
7,520,514 | ||||||||
Oregon — 0.5% | ||||||||
Hospital Facilities Authority of Multnomah County Oregon, Refunding RB, Series A, 5.50%, 10/01/49 | 1,765 | 1,882,867 | ||||||
Oregon State Facilities Authority, RB(b) | ||||||||
Series A, 5.00%, 06/15/29 | 120 | 124,326 | ||||||
Series A, 5.00%, 06/15/39 | 565 | 567,559 | ||||||
|
| |||||||
2,574,752 | ||||||||
Pennsylvania — 1.8% | ||||||||
Allentown Neighborhood Improvement Zone Development Authority, Refunding RB, Series A, 5.00%, 05/01/42 | 2,140 | 2,221,213 | ||||||
Berks County Industrial Development Authority, Refunding RB, 5.00%, 11/01/47 | 1,560 | 1,709,120 | ||||||
Montgomery County Industrial Development Authority, Refunding RB, 5.38%, 01/01/50 | 1,135 | 1,154,216 | ||||||
Northampton County Industrial Development Authority, TA, 7.00%, 07/01/32 | 1,765 | 1,887,191 | ||||||
Pennsylvania Economic Development Financing Authority, Refunding RB, AMT, 5.50%, 11/01/44 | 2,710 | 2,879,944 | ||||||
|
| |||||||
9,851,684 | ||||||||
Puerto Rico — 13.6% | ||||||||
Children’s Trust Fund, RB(d) | ||||||||
Series A, 0.00%, 05/15/57 | 23,995 | 1,633,820 | ||||||
Series B, 0.00%, 05/15/57 | 65,085 | 3,452,759 | ||||||
Children’s Trust Fund, Refunding RB, 5.63%, 05/15/43 | 850 | 860,327 | ||||||
Commonwealth of Puerto Rico, GO(e)(f) | ||||||||
Series A, 5.25%, 07/01/22 | 145 | 118,727 | ||||||
Series A, 5.25%, 07/01/26 | 50 | 40,940 | ||||||
Series A, 5.13%, 07/01/31 | 515 | 421,686 | ||||||
Series A, 5.38%, 07/01/33 | 500 | 409,404 | ||||||
Series A, 6.00%, 07/01/38 | 750 | 621,640 | ||||||
Commonwealth of Puerto Rico, Refunding GO(e)(f) | ||||||||
5.00%, 07/01/18 | 90 | 68,750 | ||||||
Series A, 8.00%, 07/01/35 | 9,295 | 6,817,882 | ||||||
Series A, 5.50%, 07/01/39 | 1,265 | 972,250 | ||||||
Series A, 6.50%, 07/01/40 | 1,110 | 890,775 | ||||||
Series A, 5.00%, 07/01/41 | 2,230 | 1,661,925 | ||||||
Series B, 6.00%, 07/01/39 | 110 | 91,174 | ||||||
Series D, 5.75%, 07/01/41 | 165 | 128,700 | ||||||
Puerto Rico Commonwealth Aqueduct & Sewer Authority Refunding RB(b) | ||||||||
Series A, Senior Lien, 5.00%, 07/01/35 | 1,780 | 2,193,316 |
4 |
Schedule of Investments (unaudited) (continued) January 31, 2021 | BlackRock MuniAssets Fund, Inc. (MUA) (Percentages shown are based on Net Assets) |
Security | Par (000) | Value | ||||||
Puerto Rico (continued) | ||||||||
Puerto Rico Commonwealth Aqueduct & Sewer Authority Refunding RB(b) (continued) | ||||||||
Series A, Senior Lien, 5.00%, 07/01/47 | $ | 3,135 | $ | 3,745,447 | ||||
Puerto Rico Commonwealth Aqueduct & Sewer Authority, RB | ||||||||
Series A, Senior Lien, 5.00%, 07/01/33 | 170 | 179,168 | ||||||
Series A, Senior Lien, 5.13%, 07/01/37 | 200 | 211,606 | ||||||
Series A, Senior Lien, 5.75%, 07/01/37 | 1,290 | 1,374,456 | ||||||
Puerto Rico Electric Power Authority RB, Series WW, 5.50%, 07/01/20 | 1,595 | 1,161,125 | ||||||
Puerto Rico Electric Power Authority, RB | ||||||||
Series A, 5.00%, 07/01/29(e)(f) | 660 | 564,309 | ||||||
Series A, 7.00%, 07/01/33(e)(f) | 3,295 | 2,896,200 | ||||||
Series A, 6.75%, 07/01/36(e)(f) | 1,140 | 1,002,024 | ||||||
Series A, 5.00%, 07/01/42(e)(f) | 1,315 | 1,124,342 | ||||||
Series A, 7.00%, 07/01/43(e)(f) | 375 | 329,613 | ||||||
Series A-3, 10.00%, 07/01/19(e)(f) | 323 | 298,184 | ||||||
Series B-3, 10.00%, 07/01/19(e)(f) | 323 | 298,184 | ||||||
Series C-1, 5.40%, 01/01/18(e)(f) | 887 | 758,784 | ||||||
Series C-2, 5.40%, 07/01/18(e)(f) | 888 | 758,907 | ||||||
Series C-4, 5.40%, 07/01/20(e)(f) | 90 | 76,713 | ||||||
Series CCC, 5.25%, 07/01/26(e)(f) | 260 | 222,303 | ||||||
Series CCC, 5.25%, 07/01/28(e)(f) | 145 | 123,977 | ||||||
Series TT, 5.00%, 07/01/25(e)(f) | 100 | 85,501 | ||||||
Series TT, 5.00%, 07/01/26(e)(f) | 225 | 192,378 | ||||||
Series TT, 5.00%, 07/01/32(e)(f) | 190 | 162,452 | ||||||
Series WW, 5.50%, 07/01/19(e)(f) | 200 | 171,003 | ||||||
Series WW, 5.25%, 07/01/33(e)(f) | 120 | 102,602 | ||||||
Series WW, 5.50%, 07/01/38(e)(f) | 205 | 175,278 | ||||||
Series WW, 5.50%, 07/01/49(e)(f) | 1,320 | 1,128,617 | ||||||
Series XX, 5.25%, 07/01/27(e)(f) | 110 | 94,051 | ||||||
Series XX, 5.25%, 07/01/35 | 585 | 476,044 | ||||||
Series XX, 5.25%, 07/01/35(e)(f) | 60 | 51,301 | ||||||
Series XX, 5.75%, 07/01/36(e)(f) | 85 | 72,676 | ||||||
Series XX, 5.25%, 07/01/40(e)(f) | 1,020 | 872,113 | ||||||
Puerto Rico Electric Power Authority, Refunding | ||||||||
Series AAA, 5.25%, 07/01/22 | 2,545 | 2,176,008 | ||||||
Series AAA, 5.25%, 07/01/29 | 95 | 81,226 | ||||||
Series UU, 1.00%, 07/01/19(a) | 115 | 78,951 | ||||||
Series UU, 1.00%, 07/01/20(a) | 495 | 386,100 | ||||||
Series UU, 0.86%, 07/01/31(a) | 580 | 452,400 | ||||||
Series ZZ, 5.25%, 07/01/19 | 455 | 389,031 | ||||||
Series ZZ, 5.25%, 07/01/21 | 50 | 42,751 | ||||||
Series ZZ, 5.25%, 07/01/24 | 345 | 294,979 | ||||||
Series ZZ, 5.25%, 07/01/26 | 40 | 34,201 | ||||||
Series ZZ, 5.00%, 07/01/49 | 145 | 123,977 | ||||||
Puerto Rico Electric Power Authority, Refunding RB, BAB, 6.13%, 07/01/40 | 1,085 | 853,624 | ||||||
Puerto Rico Public Buildings Authority, Refunding RB(e)(f) | ||||||||
Series F, (GTD), 5.25%, 07/01/24 | 235 | 206,079 | ||||||
Series M-2, (GTD), 10.00%, 07/01/34 | 155 | 130,200 | ||||||
Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue, RB | ||||||||
Series A-1, Restructured, 4.75%, 07/01/53 | 2,453 | 2,745,373 | ||||||
Series A-1, Restructured, 5.00%, 07/01/58 | 5,234 | 5,944,044 | ||||||
Series A-2, Restructured, 4.33%, 07/01/40 | 6,129 | 6,774,813 | ||||||
Series A-2, Restructured, 4.54%, 07/01/53 | 21 | 23,175 | ||||||
Series A-2, Restructured, 4.78%, 07/01/58 | 2,080 | 2,330,973 |
Security | Par (000) | Value | ||||||
Puerto Rico (continued) | ||||||||
Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue, RB (continued) | ||||||||
Series B-1, Restructured, 4.55%, 07/01/40 | $ | 2,402 | $ | 2,690,264 | ||||
Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue, RB, CAB(d) | ||||||||
Series A-1, Restructured, 0.00%, 07/01/24 | 1,570 | 1,486,853 | ||||||
Series A-1, Restructured, 0.00%, 07/01/29 | 1,079 | 924,315 | ||||||
Series A-1, Restructured, 0.00%, 07/01/31 | 686 | 540,397 | ||||||
Series A-1, Restructured, 0.00%, 07/01/33 | 337 | 245,703 | ||||||
Series A-1, Restructured, 0.00%, 07/01/46 | 12,738 | 4,028,392 | ||||||
Series A-1, Restructured, 0.00%, 07/01/51 | 6,509 | 1,478,910 | ||||||
Series B-1, Restructured, 0.00%, 07/01/46 | 883 | 279,143 | ||||||
|
| |||||||
73,835,315 | ||||||||
Rhode Island — 2.0% | ||||||||
Central Falls Detention Facility Corp., Refunding RB, 7.25%, 07/15/35(e)(f) | 4,190 | 628,500 | ||||||
Tobacco Settlement Financing Corp., Refunding RB | ||||||||
Series A, 5.00%, 06/01/40 | 980 | 1,128,921 | ||||||
Series B, 4.50%, 06/01/45 | 5,055 | 5,372,049 | ||||||
Series B, 5.00%, 06/01/50 | 3,330 | 3,600,463 | ||||||
|
| |||||||
10,729,933 | ||||||||
South Carolina — 0.1% | ||||||||
South Carolina Jobs-Economic Development Authority, RB, Series A, 5.00%, 11/15/54 | 345 | 360,001 | ||||||
|
| |||||||
Tennessee — 0.4% | ||||||||
Memphis-Shelby County Industrial Development Board, Refunding TA | ||||||||
Series A, 5.50%, 07/01/37 | 925 | 923,011 | ||||||
Series A, 5.63%, 01/01/46 | 1,085 | 1,086,085 | ||||||
|
| |||||||
2,009,096 | ||||||||
Texas — 6.6% | ||||||||
Brazoria County Industrial Development Corp., RB, AMT, 7.00%, 03/01/39 | 675 | 708,770 | ||||||
Central Texas Regional Mobility Authority, Refunding RB, CAB(d) | ||||||||
0.00%, 01/01/28 | 1,000 | 910,520 | ||||||
0.00%, 01/01/29 | 2,000 | 1,767,560 | ||||||
0.00%, 01/01/30 | 1,170 | 1,000,116 | ||||||
0.00%, 01/01/33 | 3,690 | 2,854,547 | ||||||
0.00%, 01/01/34 | 4,000 | 2,990,320 | ||||||
City of Houston Texas Airport System Revenue, Refunding ARB, AMT, 5.00%, 07/15/27 | 250 | 291,895 | ||||||
City of Houston Texas Airport System Revenue, Refunding RB | ||||||||
AMT, 5.00%, 07/01/29 | 730 | 770,617 | ||||||
Series A, AMT, 6.63%, 07/15/38 | 2,890 | 2,954,996 | ||||||
Series C, AMT, 5.00%, 07/15/27 | 1,615 | 1,885,642 | ||||||
Harris County Cultural Education Facilities Finance Corp., RB, Series B, 7.00%, 01/01/23(g) | 475 | 536,769 | ||||||
Mission Economic Development Corp., Refunding RB, AMT, Senior Lien, 4.63%, 10/01/31(b) | 785 | 839,204 | ||||||
New Hope Cultural Education Facilities Finance Corp. RB, Series A, 10.00%, 12/01/25(b) | 1,140 | 1,139,521 | ||||||
New Hope Cultural Education Facilities Finance Corp., RB(g) | ||||||||
Series A, 5.88%, 04/01/23 | 1,210 | 1,359,363 |
S C H E D U L E O F I N V E S T M E N T S | 5 |
Schedule of Investments (unaudited) (continued) January 31, 2021 | BlackRock MuniAssets Fund, Inc. (MUA) (Percentages shown are based on Net Assets) |
Security | Par (000) | Value | ||||||
Texas (continued) | ||||||||
New Hope Cultural Education Facilities Finance Corp., RB(g) (continued) | ||||||||
Series A, 6.00%, 04/01/23 | $ | 1,845 | $ | 2,077,728 | ||||
New Hope Cultural Education Facilities Finance Corp., Refunding RB, Series A, | ||||||||
5.00%, 08/15/36(b) | 1,085 | 1,093,257 | ||||||
Newark Higher Education Finance Corp., RB(b) | ||||||||
Series A, 5.50%, 08/15/35 | 290 | 337,328 | ||||||
Series A, 5.75%, 08/15/45 | 580 | 671,367 | ||||||
Port Beaumont Navigation District, Refunding RB(b) | ||||||||
Series A, AMT, 3.63%, 01/01/35 | 650 | 663,403 | ||||||
Series A, AMT, 4.00%, 01/01/50 | 1,400 | 1,450,386 | ||||||
Red River Health Facilities Development Corp., RB | ||||||||
5.13%, 01/01/41 | 900 | 910,413 | ||||||
7.25%, 12/15/42(e)(f) | 2,895 | 1,915,234 | ||||||
Tarrant County Cultural Education Facilities Finance Corp., Refunding RB, 5.00%, 10/01/49 | 865 | 918,405 | ||||||
Texas Municipal Gas Acquisition & Supply Corp. III Refunding RB(h) | ||||||||
5.00%, 12/15/30 | 545 | 727,428 | ||||||
5.00%, 12/15/32 | 490 | 673,211 | ||||||
Texas Transportation Commission, RB, CAB(d) | ||||||||
0.00%, 08/01/46 | 1,420 | 484,433 | ||||||
0.00%, 08/01/47 | 2,120 | 687,177 | ||||||
0.00%, 08/01/48 | 2,235 | 688,380 | ||||||
0.00%, 08/01/49 | 2,100 | 614,292 | ||||||
0.00%, 08/01/50 | 3,015 | 831,658 | ||||||
0.00%, 08/01/51 | 1,770 | 460,979 | ||||||
0.00%, 08/01/52 | 1,770 | 434,854 | ||||||
0.00%, 08/01/53 | 160 | 37,142 | ||||||
|
| |||||||
35,686,915 | ||||||||
Virginia — 2.4% | ||||||||
Lower Magnolia Green Community Development Authority, SAB(b) | ||||||||
5.00%, 03/01/35 | 495 | 535,095 | ||||||
5.00%, 03/01/45 | 505 | 538,482 | ||||||
Mosaic District Community Development Authority, TA | ||||||||
Series A, 6.63%, 03/01/26 | 1,485 | 1,492,752 | ||||||
Series A, 6.88%, 03/01/36 | 1,300 | 1,307,046 | ||||||
Norfolk Redevelopment & Housing Authority, RB | ||||||||
Series A, 4.00%, 01/01/29 | 300 | 320,700 | ||||||
Series A, 5.00%, 01/01/34 | 485 | 526,666 | ||||||
Series A, 5.00%, 01/01/49 | 955 | 1,021,860 | ||||||
Tobacco Settlement Financing Corp., Refunding RB, Series B-1, 5.00%, 06/01/47 | 2,370 | 2,395,714 | ||||||
Virginia Small Business Financing Authority, RB, AMT, Senior Lien, 6.00%, 01/01/37 | 4,440 | 4,779,482 | ||||||
|
| |||||||
12,917,797 | ||||||||
Washington — 0.5% | ||||||||
Greater Wenatchee Regional Events Center Public Facilities District, Refunding RB, Series A, 5.50%, 09/01/42 | 1,495 | 1,523,554 | ||||||
Washington State Housing Finance Commission, Refunding RB(b) | ||||||||
5.75%, 01/01/35 | 315 | 341,025 | ||||||
6.00%, 01/01/45 | 850 | 918,842 | ||||||
|
| |||||||
2,783,421 | ||||||||
Wisconsin — 4.2% | ||||||||
Public Finance Authority, RB | ||||||||
5.00%, 06/15/39 | 175 | 207,531 | ||||||
5.00%, 06/15/41(b) | 345 | 359,421 |
Security | Par (000) | Value | ||||||
Wisconsin (continued) | ||||||||
Public Finance Authority, RB (continued) | ||||||||
5.00%, 01/01/42(b) | $ | 605 | $ | 630,997 | ||||
6.85%, 11/01/46(b) | 900 | 973,701 | ||||||
7.00%, 11/01/46(b) | 570 | 620,890 | ||||||
5.00%, 06/15/49 | 530 | 616,390 | ||||||
5.63%, 06/15/49(b) | 2,500 | 2,506,200 | ||||||
5.00%, 04/01/50(b) | 115 | 131,519 | ||||||
5.00%, 06/15/53 | 355 | 411,768 | ||||||
5.00%, 06/15/55(b) | 895 | 909,758 | ||||||
5.00%, 01/01/56(b) | 1,470 | 1,505,883 | ||||||
Series A, 6.25%, 10/01/31(b) | 605 | 700,808 | ||||||
Series A, 5.38%, 06/01/44(b) | 555 | 549,683 | ||||||
Series A, 7.00%, 10/01/47(b) | 605 | 699,767 | ||||||
Series A, 5.63%, 06/15/49(b) | 2,950 | 2,967,877 | ||||||
Series A, 5.50%, 06/01/54(b) | 680 | 663,544 | ||||||
Series A-1, 4.50%, 01/01/35(b) | 1,225 | 1,258,847 | ||||||
Series A-1, 5.50%, 12/01/48(b)(e)(f) | 20 | 6,578 | ||||||
Series A-1, 5.00%, 01/01/55(b) | 2,640 | 2,738,815 | ||||||
Series B, 0.00%, 01/01/35(b)(d) | 1,780 | 747,529 | ||||||
Series B, 0.00%, 01/01/60(b)(d) | 35,940 | 2,390,369 | ||||||
Wisconsin Health & Educational Facilities Authority, Refunding RB | ||||||||
5.00%, 11/01/46 | 470 | 504,573 | ||||||
5.00%, 11/01/54 | 785 | 830,569 | ||||||
|
| |||||||
22,933,017 | ||||||||
|
| |||||||
Total Municipal Bonds — 90.0% |
| 489,087,320 | ||||||
|
| |||||||
Municipal Bonds Transferred to Tender Option Bond Trusts(i) |
| |||||||
Illinois — 2.8% | ||||||||
Illinois Finance Authority, RB, Series A, (AGM), 6.00%, 08/15/41 | 7,180 | 7,387,287 | ||||||
Illinois Finance Authority, Refunding RB | ||||||||
Series C, 4.00%, 02/15/27(g) | 4 | 4,234 | ||||||
Series C, 4.00%, 02/15/41 | 1,495 | 1,687,956 | ||||||
Illinois State Toll Highway Authority, RB, Series A, 5.00%, 01/01/40 | 5,056 | 5,994,691 | ||||||
|
| |||||||
15,074,168 | ||||||||
Massachusetts — 0.5% | ||||||||
Commonwealth of Massachusetts Transportation Fund Revenue, RB, Series A, 4.00%, 06/01/45 | 2,268 | 2,517,458 | ||||||
|
| |||||||
New York — 14.8% | ||||||||
City of New York Water & Sewer System, RB, Series CC, 5.00%, 06/15/47 | 14,181 | 15,744,072 | ||||||
Hudson Yards Infrastructure Corp., RB(j) | 1,047 | 1,050,388 | ||||||
5.75%, 02/15/47 | 644 | 646,167 | ||||||
New York City Housing Development Corp., RB, M/F Housing | ||||||||
Series C-1A, 4.15%, 11/01/39 | 1,893 | 2,001,644 | ||||||
Series C-1A, 4.20%, 11/01/44 | 3,470 | 3,668,943 | ||||||
Series C-1A, 4.30%, 11/01/47 | 2,840 | 3,002,422 | ||||||
Series D-1B, 4.25%, 11/01/45 | 8,996 | 9,680,958 | ||||||
New York City Water & Sewer System, Refunding RB, Series HH, 5.00%, 06/15/31(j) | 8,610 | 8,764,205 | ||||||
New York Liberty Development Corp., ARB, 5.25%, 12/15/43 | 18,104 | 18,888,234 | ||||||
New York Liberty Development Corp., Refunding RB, 5.75%, 11/15/51(j) | 6,600 | 6,867,211 |
6 |
Schedule of Investments (unaudited) (continued) January 31, 2021 | BlackRock MuniAssets Fund, Inc. (MUA) (Percentages shown are based on Net Assets) |
Security | Par (000) | Value | ||||||
New York (continued) | ||||||||
New York Power Authority, Refunding RB, Series A, 4.00%, 11/15/60 | $ 1,444 | $ 1,703,683 | ||||||
New York State Dormitory Authority, Refunding RB, Series D, 4.00%, 02/15/47 | 6,956 | 8,146,489 | ||||||
|
| |||||||
80,164,416 | ||||||||
Pennsylvania — 0.6% | ||||||||
Pennsylvania Turnpike Commission, RB, Sub-Series A, 5.50%, 12/01/42 | 2,505 | 3,121,430 | ||||||
|
| |||||||
Rhode Island — 0.3% | ||||||||
Narragansett Bay Commission, Refunding RB, Series A, 4.00%, 09/01/22(g) | 1,710 | 1,815,439 | ||||||
|
| |||||||
Texas — 0.4% | ||||||||
Lower Colorado River Authority, Refunding, RB, 4.00%, 05/15/43 | 2,271 | 2,371,574 | ||||||
|
| |||||||
Washington — 1.5% | ||||||||
City of Bellingham Washington Water & Sewer Revenue, RB, 5.00%, 08/01/40 | 7,966 | 8,159,869 | ||||||
|
| |||||||
Wisconsin — 0.2% | ||||||||
Wisconsin Health & Educational Facilities Authority, Refunding RB, 4.00%, 12/01/46 | 1,142 | 1,272,906 | ||||||
|
| |||||||
Total Municipal Bonds Transferred to Tender Option Bond Trusts — 21.1% |
| 114,497,260 | ||||||
|
| |||||||
Total Long-Term Investments — 111.1% |
| 603,584,580 | ||||||
|
| |||||||
Shares | ||||||||
Short-Term Securities | ||||||||
Money Market Funds — 1.3% | ||||||||
BlackRock Liquidity Funds, MuniCash, Institutional Class, 0.01%(k)(l) | 7,113,986 | 7,115,409 | ||||||
|
| |||||||
Total Short-Term Securities — 1.3% |
| 7,115,409 | ||||||
|
| |||||||
Total Investments — 112.4% |
| 610,699,989 | ||||||
Other Assets Less Liabilities — 0.3% |
| 1,590,231 | ||||||
Liability for TOB Trust Certificates, Including Interest |
| (68,808,177 | ) | |||||
|
| |||||||
Net Assets Applicable to Common Shares — 100.0% |
| $ | 543,482,043 | |||||
|
|
(a) | Variable rate security. Interest rate resets periodically. The rate shown is the effective interest rate as of period end. Security description also includes the reference rate and spread if published and available. |
(b) | Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors. |
(c) | Step-up bond that pays an initial coupon rate for the first period and then a higher coupon rate for the following periods. Rate as of period end. |
(d) | Zero-coupon bond. |
(e) | Issuer filed for bankruptcy and/or is in default. |
(f) | Non-income producing security. |
(g) | 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. |
(h) | When-issued security. |
(i) | Represent bonds transferred to a TOB Trust in exchange of cash and residual certificates received by the Fund. These bonds serve as collateral in a secured borrowing. |
(j) | All or a portion of the security is subject to a recourse agreement. The aggregate maximum potential amount the Fund could ultimately be required to pay under the agreements, which expire between May 15, 2021 to February 15, 2047, is $10,356,969. |
(k) | Affiliate of the Fund. |
(l) | 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, 2021 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:
Affiliated Issuer | Value at 04/30/20 | Purchases at Cost | Proceeds from Sales | Net Realized | Change in Unrealized Appreciation (Depreciation) | Value at 01/31/21 | Shares Held at 01/31/21 | Income | Capital Gain Distributions from Underlying Funds | |||||||||||||||||||||||||||
BlackRock Liquidity Funds, MuniCash, Institutional Class | $ | 2,764,208 | $ | 4,351,452 | (a) | $ | — | $ | (251 | ) | $ | — | $ | 7,115,409 | 7,113,986 | $ | 586 | $ | — | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
(a) | Represents net amount purchased (sold). |
S C H E D U L E O F I N V E S T M E N T S | 7 |
Schedule of Investments (unaudited) (continued) January 31, 2021 | BlackRock MuniAssets Fund, Inc. (MUA) |
Fair Value Hierarchy as of Period End
Various inputs are used in determining the fair value of financial instruments. These inputs to valuation techniques are categorized into a fair value hierarchy consisting of three broad levels for financial reporting purposes as follows:
• | Level 1 – Unadjusted price quotations in active markets/exchanges for identical assets or liabilities that the Fund has the ability to access; |
• | Level 2 – Other observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are active, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the assets or liabilities (such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates) or other market–corroborated inputs); and |
• | Level 3 – Unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available (including the 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 investments categorized in the disclosure hierarchy. The breakdown of the Fund’s investments 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 | $ | — | $ | 489,087,320 | $ | — | $ | 489,087,320 | ||||||||
Municipal Bonds Transferred to Tender Option Bond Trusts | — | 114,497,260 | — | 114,497,260 | ||||||||||||
Short-Term Securities | ||||||||||||||||
Money Market Funds | 7,115,409 | — | — | 7,115,409 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
$ | 7,115,409 | $ | 603,584,580 | $ | — | $ | 610,699,989 | |||||||||
|
|
|
|
|
|
|
|
The Fund may hold assets and/or liabilities in which the fair value approximates the carrying amount for financial statement purposes. As of period end, TOB Trust Certificates of $68,781,334 are categorized as Level 2 within the disclosure hierarchy.
Portfolio Abbreviation
AGM | Assured Guaranty Municipal Corp. | |
AMT | Alternative Minimum Tax | |
ARB | Airport Revenue Bonds | |
BAB | Build America Bond | |
CAB | Capital Appreciation Bonds | |
GO | General Obligation Bonds | |
GTD | GTD Guaranteed | |
M/F | Multi-Family | |
RB | Revenue Bond | |
SAB | Special Assessment Bonds | |
ST | Special Tax | |
TA | Tax Allocation |
8 |