NPORT-EX 2 BRNewYorkMuniIncomQualtyTrst.htm EX-BSE

Schedule of Investments  (unaudited)

November 30, 2019

  

BlackRock New York Municipal Income Quality Trust (BSE)

(Percentages shown are based on Net Assets)

 

Security   Par
(000)
    Value  

Municipal Bonds — 119.5%

 

New York — 116.0%

 

Corporate — 0.5%  

New York Liberty Development Corp., Refunding RB, Goldman Sachs Headquarters, 5.25%, 10/01/35

  $ 355     $ 483,208  
   

 

 

 
County/City/Special District/School District — 23.3%  

City of New York, GO, Refunding, Series E, 5.00%, 08/01/30

    1,000       1,114,860  

City of New York, GO:

   

Series A-1, 5.00%, 08/01/35

    200       211,910  

Sub-Series D-1, Fiscal 2014, 5.00%, 08/01/31

    440       497,433  

Sub-Series F-1, 5.00%, 04/01/43

    930       1,132,349  

City of New York Convention Center Development Corp., RB, CAB(a):

   

Senior Lien, Hotel Unit Fre Secured, Series A, 0.00%, 11/15/47

    3,000       1,306,620  

Sub Lien, Hotel Unit Fee, Series B (AGM), 0.00%, 11/15/55

    1,000       325,840  

City of New York Convention Center Development Corp., Refunding RB, Hotel Unit Fee Secured:

   

5.00%, 11/15/40

    1,335       1,572,229  

5.00%, 11/15/45

    1,250       1,479,537  

City of New York Industrial Development Agency, RB, PILOT:

   

CAB, Yankee Stadium Project, Series A (AGC), 0.00%, 03/01/39(a)

    1,000       565,600  

Queens Baseball Stadium (AGC), 6.38%, 01/01/39

    150       150,522  

City of New York Transitional Finance Authority Future Tax Secured, RB:

   

Future Tax Secured Subordinate Bond, Series C-3, 5.00%, 05/01/41

    775       946,074  

Future Tax Secured, Sub-Series A-3, 4.00%, 08/01/43

    570       628,887  

Future Tax Secured, Sub-Series E-1, 5.00%, 02/01/39

    555       666,932  

Future Tax Secured, Sub-Series E-1, 5.00%, 02/01/43

    845       1,009,750  

Series A-2, 5.00%, 08/01/38

    930       1,126,695  

Sub-Series B-1, 5.00%, 11/01/35

    425       487,127  

County of Nassau New York, GO, Refunding, Series C, 5.00%, 10/01/31

    475       580,574  

County of Nassau New York, GOL, General Improvement Bonds, Series B (AGM), 5.00%, 07/01/45

    500       603,440  

County of Nassau New York, Refunding, GOL, Series C, 5.00%, 10/01/29

    500       616,485  
Security   Par
(000)
    Value  
County/City/Special District/School District (continued)  

Hudson Yards Infrastructure Corp., RB, Senior, Fiscal 2012:

   

5.75%, 02/15/21(b)

  $ 615     $ 649,778  

5.75%, 02/15/47(c)

    385       402,687  

Hudson Yards Infrastructure Corp., Refunding RB, Series A:

   

5.00%, 02/15/39

    595       712,608  

5.00%, 02/15/42

    465       556,968  

Metropolitan Transportation Authority, Refunding RB:

   

Dedicated Tax Fund, Sub-Series B-1, 5.00%, 11/15/31

    750       856,883  

Green Bond, SubSeries B-1, 5.00%, 11/15/51

    480       571,459  

New York Liberty Development Corp., Refunding RB, World Trade Center Project:

   

4, 5.00%, 11/15/31

    1,000       1,065,750  

4, 5.00%, 11/15/44

    1,250       1,326,187  

7 Class 1, 4.00%, 09/15/35

    1,100       1,151,766  

5.75%, 11/15/51

    545       589,259  
   

 

 

 
      22,906,209  
Education — 31.8%  

Build NYC Resource Corp., Refunding RB:

   

City University New York-Queens College Student Residences, LLC Project, Series A, 5.00%, 06/01/38

    250       284,247  

Ethical Culture Fieldston School Project,
5.00%, 06/01/33

    300       344,928  

5.00%, 06/01/35

    350       401,107  

Manhattan College Project, 5.00%, 08/01/47

    135       157,148  

Packer Collegiate Institute Project, 5.00%, 06/01/40

    690       795,777  

The Chapin School Ltd. Project, 5.00%, 11/01/47

    515       771,748  

City of Albany New York Capital Resource Corp., Refunding RB, Albany College of Pharmacy and Health Sciences, Series A:

   

5.00%, 12/01/33

    175       199,316  

4.00%, 12/01/34

    130       139,744  

City of New York Trust for Cultural Resources, Refunding RB, Series A:

   

American Museum of Natural History, 5.00%, 07/01/37

    440       504,205  
 

 

 

     1  


Schedule of Investments  (unaudited) (continued)

November 30, 2019

  

BlackRock New York Municipal Income Quality Trust (BSE)

(Percentages shown are based on Net Assets)

 

Security   Par
(000)
    Value  
Education (continued)  

American Museum of Natural History, 5.00%, 07/01/41

  $ 500     $ 570,535  

Wildlife Conservation Society, 5.00%, 08/01/42

    410       453,362  

City of Troy New York Capital Resource Corp., Refunding RB, Rensselaer Polytechnic Institute Project:

   

4.00%, 09/01/40(d)

    335       369,428  

Series A, 5.13%, 09/01/40

    1,645       1,691,702  

Series B, 4.00%, 08/01/35

    230       249,334  

Counties of Buffalo & Erie New York Industrial Development Agency, RB, City School District of Buffalo Project, Series A, 5.25%, 05/01/31

    200       211,196  

Counties of Buffalo & Erie New York Industrial Development Agency, Refunding RB, City School District of Buffalo Project, 5.00%, 05/01/28

    565       683,509  

County of Dutchess New York Local Development Corp., RB, Marist College Project:

   

5.00%, 07/01/43

    115       140,935  

5.00%, 07/01/48

    175       212,823  

County of Dutchess New York Local Development Corp., Refunding RB, Vassar College Project:

   

5.00%, 07/01/42

    195       235,841  

4.00%, 07/01/46

    375       413,760  

County of Madison New York Capital Resource Corp., Refunding RB, Colgate University Project, Series A, 4.50%, 07/01/23(b)

    1,500       1,682,670  

County of Monroe New York Industrial Development Corp., RB, University of Rochester Project, Series A, 5.00%, 07/01/21(b)

    500       531,100  

County of Monroe New York Industrial Development Corp., Refunding RB, University of Rochester Project, Series A, 5.00%, 07/01/23(b)

    400       455,720  

County of Orange New York Funding Corp., Refunding RB, Mount St. Mary College Project, Series A:

   

5.00%, 07/01/37

    180       190,996  

5.00%, 07/01/42

    115       121,180  
Security   Par
(000)
    Value  
Education (continued)  

County of Schenectady New York Capital Resource Corp., Refunding RB, Union College, 5.00%, 07/01/32

  $ 500     $ 545,605  

County of Tompkins New York Development Corp., RB, Ithaca College Project (AGM),
5.50%, 01/01/21(b)

    250       261,977  

County of Tompkins New York Industrial Development Agency, RB, Civic Facility Cornell University Project, Series A, 5.00%, 07/01/37

    1,000       1,021,270  

Dobbs Ferry Local Development Corp., RB, Mercy College Project:

   

5.00%, 07/01/39

    1,000       1,135,270  

5.00%, 07/01/44

    500       566,230  

State of New York Dormitory Authority, RB:

   

Convent of the Sacred Heart (AGM), 5.75%, 11/01/40

    300       316,044  

Fordham University, Series A, 5.00%, 07/01/21(b)

    500       531,180  

New School (AGM), 5.50%, 07/01/20(b)

    350       359,051  

New York University, Series B, 5.00%, 07/01/37

    500       545,895  

Rochester Institute of Technology, 5.00%, 07/01/40

    550       561,803  

State University Dormitory Facilities, Series A,
5.00%, 07/01/20(b)

    600       612,420  

5.00%, 07/01/21(b)

    1,000       1,054,650  

State University Of New York Dormitory Facilities, Series A, 5.00%, 07/01/43

    415       505,495  

State of New York Dormitory Authority, Refunding RB:

   

Barnard College, Series A, 5.00%, 07/01/43

    2,960       3,449,821  

Cornell University, Series A, 5.00%, 07/01/40

    250       255,142  

Fordham University, 5.00%, 07/01/44

    640       727,635  

Icahn School of Medicine at Mount Sinai, Series A, 5.00%, 07/01/35

    1,380       1,587,428  

New York University, Series A, 5.00%, 07/01/37

    745       813,384  

Pratt Institute, Series A, 5.00%, 07/01/44

    500       567,160  
 

 

 

2   


Schedule of Investments  (unaudited) (continued)

November 30, 2019

  

BlackRock New York Municipal Income Quality Trust (BSE)

(Percentages shown are based on Net Assets)

 

Security   Par
(000)
    Value  
Education (continued)  

State University Dormitory Facilities, Series A, 5.00%, 07/01/22(b)

  $ 450     $ 488,983  

State University Dormitory Facilities, Series A, 5.25%, 07/01/23(b)

    1,500       1,714,500  

State University Dormitory Facilities, Series A, 5.25%, 07/01/23(b)

    600       685,800  

State University of New York Dormitory Facilities, Series A, 5.00%, 07/01/38

    255       309,022  

Town of Hempstead New York Local Development Corp., Refunding RB:

   

Adelphi University Project, 5.00%, 10/01/34

    310       352,014  

Adelphi University Project, 5.00%, 10/01/35

    310       351,298  

Hofstra University Project, 5.00%, 07/01/47

    100       119,492  
   

 

 

 
      31,250,880  
Health — 12.2%  

Counties of Buffalo & Erie New York Industrial Land Development Corp., RB, Catholic Health System Obligation, 5.25%, 07/01/35

    500       581,640  

County of Dutchess New York Industrial Development Agency, RB, Vassar Brothers Medical Center (AGC), 5.50%, 10/01/20(b)

    500       518,415  

County of Dutchess New York Local Development Corp., RB, Health Quest Systems, Inc., Series B, 4.00%, 07/01/41

    550       593,846  

County of Monroe New York Industrial Development Corp., RB, Rochester General Hospital Project:

   

4.00%, 12/01/41

    200       215,280  

5.00%, 12/01/46

    320       370,570  

Series A, 5.00%, 12/01/37

    850       929,203  

County of Monroe New York Industrial Development Corp., Refunding RB, Unity Hospital of Rochester Project (FHA), 5.50%, 08/15/40

    725       756,929  
Security   Par
(000)
    Value  
Health (continued)  

County of Oneida New York Local Development Corp., Refunding RB, Mohawk Valley Health System Project (AGM), 3.00%, 12/01/44

  $ 700     $ 678,853  

County of Suffolk New York EDC, RB, Catholic Health Services, Series C, 5.00%, 07/01/32

    150       170,598  

County of Westchester New York Healthcare Corp., Refunding RB, Senior Lien, Remarketing, Series A, 5.00%, 11/01/30

    895       949,156  

State of New York Dormitory Authority, RB:

   

New York University Hospitals Center, Series A, 6.00%, 07/01/20(b)

    250       257,155  

North Shore-Long Island Jewish Obligated Group, Series D, 4.25%, 05/01/39

    500       525,530  

State of New York Dormitory Authority, Refunding RB:

   

Catholic Health Syatem Obligation, 4.00%, 07/01/38

    230       253,683  

Catholic Health Syatem Obligation, 4.00%, 07/01/39

    300       330,300  

North Shore-Long Island Jewish Obligated Group, Series A,

   

5.00%, 05/01/21(b)

    1500       1,583,506  

5.25%, 05/01/21(b)

    1,840       1,948,854  

5.00%, 05/01/43

    1,140       1,297,297  
   

 

 

 
      11,960,815  
Housing — 5.5%  

City of New York Housing Development Corp., RB, M/F Housing, Series B1:

   

Fund Grant Program, New York City Housing Authority Program,

   

5.25%, 07/01/30

    750       843,420  

5.25%, 07/01/32

    915       1,021,964  

5.00%, 07/01/33

    400       447,588  
 

 

 

     3  


Schedule of Investments  (unaudited) (continued)

November 30, 2019

  

BlackRock New York Municipal Income Quality Trust (BSE)

(Percentages shown are based on Net Assets)

 

Security   Par
(000)
    Value  
Housing (continued)  

City of New York Housing Development Corp., Refunding RB, M/F Housing:

   

8 Spruce Street, Class F, 4.50%, 02/15/48

  $ 500     $ 528,965  

Sustainable Neighborhood, Series B-1-A, 3.65%, 11/01/49

    565       582,249  

County of Onondaga New York Trust for Cultural Resources, Refunding RB, Abby Lane Housing Corporation Project, 5.00%, 05/01/40

    445       526,195  

State of New York HFA, RB, M/F, Affordable Housing:

   

Series B (Ginnie Mae, Fannie Mae & Freddie Mac), 4.00%, 11/01/42

    110       117,077  

Series E (SONYMA), 4.15%, 11/01/47

    330       351,203  

State of New York Mortgage Agency, Refunding RB, S/F Housing, Series 213, 4.20%, 10/01/43

    880       955,988  
   

 

 

 
      5,374,649  
State — 11.1%  

City of New York Transitional Finance Authority Building Aid Revenue, Refunding RB, Series S-3, 4.00%, 07/15/38

    1,160       1,313,712  

State of New York Dormitory Authority, RB:

   

Bid Group 2, Series A, 5.00%, 03/15/38

    560       673,282  

Bid Group 3, Series A, 5.00%, 03/15/39

    760       930,977  

Bid Group 3, Series A, 5.00%, 03/15/43

    265       321,389  

General Purpose, Series B, 5.00%, 03/15/37

    1,000       1,078,530  

Group B, State Sales Tax, Series A, 5.00%, 03/15/39

    90       107,896  

Group C, State Sales Tax, Series A, 4.00%, 03/15/45

    670       742,715  

Series A, 5.00%, 02/15/42

    500       592,710  

Series B, 5.00%, 03/15/42

    1,400       1,506,190  

State of New York Dormitory Authority, Refunding RB:

   

Group 3, Series E, 5.00%, 03/15/41

    570       698,535  

Series A, 5.25%, 03/15/39

    1,000       1,251,220  

State of New York Urban Development Corp., RB, State Personal Income Tax, Series C:

   

5.00%, 03/15/30

    500       559,130  
Security   Par
(000)
    Value  
State (continued)  

5.00%, 03/15/32

  $ 1,000     $ 1,114,580  
   

 

 

 
      10,890,866  
Tobacco — 2.8%  

Chautauqua Tobacco Asset Securitization Corp., Refunding RB, 5.00%, 06/01/48

    500       512,185  

Counties of New York Tobacco Trust VI, Refunding RB, Tobacco Settlement Pass-Through, Series A-2B:

   

5.00%, 06/01/45

    300       318,330  

5.00%, 06/01/51

    270       289,532  

County of Niagara New York Tobacco Asset Securitization Corp., Refunding RB, Asset-Backed, 5.25%, 05/15/40

    290       310,625  

TSASC, Inc., Refunding RB, Series A, 5.00%, 06/01/41

    910       1,022,203  

Westchester Tobacco Asset Securitization Corp., Refunding RB, Tobacco Settlement Bonds, Sub-Series C, 4.00%, 06/01/42

    280       291,396  
   

 

 

 
      2,744,271  
Transportation — 15.2%  

Buffalo & Fort Erie Public Bridge Authority, RB, 5.00%, 01/01/47

    265       308,974  

Metropolitan Transportation Authority, RB:

   

Series A, 5.00%, 11/15/21(b)

    575       619,149  

Series A-1, 5.25%, 11/15/23(b)

    270       313,991  

Series D, 5.25%, 11/15/21(b)

    440       475,900  

Series E, 5.00%, 11/15/38

    650       725,966  

Metropolitan Transportation Authority, Refunding RB:

   

Green Bonds, Climate Bond Certified, Sub-Series B-2, 4.00%, 11/15/34

    500       570,875  

Series C-1, 5.00%, 11/15/36

    1,020       1,204,487  

Series D, 5.25%, 11/15/21(b)

    1,560       1,687,280  

Series D, 5.25%, 11/15/23(b)

    750       872,197  

Metropolitan Transportation Authority Hudson Rail Yards Trust Obligations, Refunding RB, Series A, 5.00%, 11/15/56

    1,345       1,495,559  

Port Authority of New York & New Jersey, Refunding ARB, 179th Series, 5.00%, 12/01/38

    245       276,656  
 

 

 

4   


Schedule of Investments  (unaudited) (continued)

November 30, 2019

  

BlackRock New York Municipal Income Quality Trust (BSE)

(Percentages shown are based on Net Assets)

 

Security   Par
(000)
    Value  
Transportation (continued)  

State of New York Thruway Authority, RB, Junior Lien, Series A:

   

5.00%, 01/01/41

  $ 365     $ 426,951  

5.25%, 01/01/56

    210       245,097  

State of New York Thruway Authority, Refunding RB:

   

2nd General Highway & Bridge Trust, Series A, 5.00%, 04/01/32

    250       271,188  

General, Series I, 5.00%, 01/01/22(b)

    1,325       1,433,146  

General, Series I, 5.00%, 01/01/22(b)

    425       459,604  

General, Series K, 5.00%, 01/01/32

    750       874,620  

Series L, 5.00%, 01/01/33

    90       110,344  

Series L, 5.00%, 01/01/34

    140       171,149  

Series L, 5.00%, 01/01/35

    170       207,245  

Triborough Bridge & Tunnel Authority, RB, Series B, 5.00%, 11/15/40

    280       330,165  

Triborough Bridge & Tunnel Authority, Refunding RB:

   

General, CAB, Series B, 0.00%, 11/15/32(a)

    635       467,557  

General, Series A, 5.25%, 11/15/45

    370       436,478  

Sub-Series A, 5.00%, 11/15/29

    810       912,595  
   

 

 

 
      14,897,173  
Utilities — 13.6%  

Albany Municipal Water Finance Authority, Refunding RB, Series A, 5.00%, 12/01/33

    1,000       1,073,700  

City of New York Municipal Water Finance Authority, Refunding RB, Water & Sewer System, 2nd General Resolution, Fiscal 2015, Series HH, 5.00%, 06/15/39

    1,000       1,173,620  

City of New York Water & Sewer System, Refunding RB:

   

Series EE, 5.00%, 06/15/40

    700       853,279  

Subordinate, Series FF-2, 4.00%, 06/15/41

    905       1,028,487  

Water & Sewer System, 2nd General Resolution, Fiscal 2018, Series FF, 5.00%, 06/15/38

    1,000       1,233,170  

County of Western Nassau New York Water Authority, RB, Series A, 5.00%, 04/01/40

    250       289,125  

Long Island Power Authority, RB:

   

5.00%, 09/01/38

    625       764,625  

General, 5.00%, 09/01/47

    950       1,128,087  
Security   Par
(000)
    Value  
Utilities (continued)  

General, Electric Systems, 5.00%, 09/01/42

  $ 290     $ 347,069  

General, Electric Systems, Series A (AGM), 5.00%, 05/01/21(b)

    500       527,920  

General, Electric Systems, Series C (AGC), 5.25%, 09/01/29

    1,000       1,299,010  

Long Island Power Authority, Refunding RB, Electric System, Series B, 5.00%, 09/01/46

    140       163,082  

State of New York Environmental Facilities Corp., RB, Series B:

   

Revolving Funds, Green Bonds, 5.00%, 09/15/40

    635       739,337  

Subordinated SRF Bonds, 5.00%, 06/15/48

    460       561,011  

State of New York Power Authority, Refunding RB, Series A, 5.00%, 11/15/38

    1,000       1,068,850  

Utility Debt Securitization Authority, Refunding RB, Restructuring, Series TE, 5.00%, 12/15/41

    1,000       1,133,410  
   

 

 

 
      13,383,782  
   

 

 

 

Total Municipal Bonds in New York

 

    113,891,853  

Puerto Rico — 3.5%

 

State — 3.5%  

Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue, RB, Restructured:

   

CAB, Series A-1, 0.00%, 07/01/46(a)

    101       26,775  

Series A-1, 4.75%, 07/01/53

    512       528,666  

Series A-1, 5.00%, 07/01/58

    668       702,155  

Series A-2, 4.33%, 07/01/40

    1,760       1,780,328  

Series A-2, 4.78%, 07/01/58

    160       164,992  

Series B-1, 4.75%, 07/01/53

    130       134,195  

Series B-2, 4.78%, 07/01/58

    126       129,709  
   

 

 

 

Total Municipal Bonds in Puerto Rico

 

    3,466,820  
   

 

 

 

Total Municipal Bonds — 119.5%
(Cost — $108,352,112)

 

    117,358,673  
   

 

 

 
 

 

 

     5  


Schedule of Investments  (unaudited) (continued)

November 30, 2019

  

BlackRock New York Municipal Income Quality Trust (BSE)

(Percentages shown are based on Net Assets)

 

Security   Par
(000)
    Value  

Municipal Bonds Transferred to Tender Option Bond Trusts(e)

 

New York — 44.5%

 

County/City/Special District/School District — 10.3%  

City of New York, GO, Refunding, Fiscal 2015, Series B, 4.00%, 08/01/32

  $ 1,790     $ 1,950,312  

City of New York, GO:

   

Sub-Series G-1, 5.00%, 04/01/29

    1,000       1,086,360  

Sub-Series I-1, 5.00%, 03/01/36

    250       285,253  

City of New York Transitional Finance Authority, RB, Future Tax Secured, Sub-Series D-1, 5.00%, 11/01/38

    2,475       2,642,706  

Hudson Yards Infrastructure Corp., RB, Senior-Fiscal 2012:

   

5.75%, 02/15/21(b)(c)

    1,114       1,172,849  

5.75%, 02/15/47

    686       721,501  

New York Liberty Development Corp., Refunding RB, 7 World Trade Center Project, Class 1, 5.00%, 09/15/40

    2,085       2,233,431  
   

 

 

 
      10,092,412  
Education — 2.2%  

State of New York Dormitory Authority, RB, State University Dormitory Facilities, New York University, Series A, 5.00%, 07/01/21(b)

    1,999       2,113,772  
   

 

 

 
Housing — 1.5%  

City of New York Housing Development Corp., Refunding RB, Sustainable Neighborhood Bonds, Series A, 4.25%, 11/01/43

    1,400       1,512,126  
   

 

 

 
State — 6.1%  

Sales Tax Asset Receivable Corp., Refunding RB, Fiscal 2015, Series A:

   

5.00%, 10/15/31

    990       1,156,825  

4.00%, 10/15/32

    1,500       1,672,995  

State of New York Dormitory Authority, RB:

   

Bid Group 2, Series A, 5.00%, 03/15/32

    1,000       1,250,600  

General Purpose, Series C, 5.00%, 03/15/41

    750       782,587  
Security   Par
(000)
    Value  
State (continued)  

State of New York Urban Development Corp., RB, State Personal Income Tax, General Purpose, Series A, 4.00%, 03/15/47

  $ 1,003     $ 1,118,639  
   

 

 

 
      5,981,646  
Transportation — 14.0%  

New York Liberty Development Corp., ARB, 1 World Trade Center Port Authority Consolidated Bonds, 5.25%, 12/15/43

    3,495       3,767,470  

Port Authority of New York & New Jersey, Refunding ARB:

   

Consolidated, Series 210th, 5.00%, 09/01/48

    1,900       2,312,585  

Series 194th, 5.25%, 10/15/55

    735       872,702  

State of New York Thruway Authority, Refunding RB:

   

Series B, 4.00%, 01/01/53(c)

    2,477       2,745,425  

Transportation, Personal Income Tax, Series A, 5.00%, 03/15/31

    800       852,096  

Triborough Bridge & Tunnel Authority, Refunding RB:

   

General, Series A, 5.00%, 11/15/46

    1,000       1,184,790  

MTA Bridges & Tunnels, Series C-2, 5.00%, 11/15/42

    1,665       2,025,872  
   

 

 

 
      13,760,940  
Utilities — 10.4%  

City of New York Municipal Water Finance Authority, Refunding RB, Water & Sewer System, 2nd General Resolution:

   

Fiscal 2011, Series HH, 5.00%, 06/15/32

    2,249       2,377,997  

Fiscal 2012, Series BB, 5.00%, 06/15/44

    2,010       2,145,149  

Utility Debt Securitization Authority, Refunding RB:

   

5.00%, 12/15/41

    3,719       4,215,013  

Restructuring, Series A, 5.00%, 12/15/35

    1,000       1,207,420  
 

 

 

6   


Schedule of Investments  (unaudited) (continued)

November 30, 2019

  

BlackRock New York Municipal Income Quality Trust (BSE)

(Percentages shown are based on Net Assets)

 

Security   Par
(000)
    Value  
Utilities (continued)  

Restructuring, Series B, 4.00%, 12/15/35

  $ 280     $ 316,915  
   

 

 

 
      10,262,494  
   

 

 

 

Total Municipal Bonds Transferred to Tender Option Bond Trusts — 44.5%
(Cost — $41,308,514)

 

    43,723,390  
   

 

 

 

Total Long-Term Investments — 164.0%
(Cost — $149,660,626)

 

    161,082,063  
   

 

 

 
Security       
Shares
    Value  

Short-Term Securities — 0.0%

 

 

BlackRock Liquidity Funds New York Money Fund Portfolio, 0.91%(f)(g)

    18,016     $ 18,016  
   

 

 

 

Total Short-Term Securities — 0.0%
(Cost — $18,016)

 

    18,016  
   

 

 

 

Total Investments — 164.0%
(Cost — $149,678,642)

 

    161,100,079  

Other Assets Less Liabilities — 1.3%

 

    1,247,522  

Liability for TOB Trust Certificates, Including Interest Expense and Fees Payable — (24.2)%

 

    (23,760,353

VRDP Shares, at Liquidation Value, Net of Deferred Offering Costs — (41.1)%

 

    (40,363,686
   

 

 

 

Net Assets Applicable to Common Shares — 100.0%

 

  $ 98,223,562  
   

 

 

 
 
(a) 

Zero-coupon bond.

(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) 

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 $2,654,103.

(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) 

Annualized 7-day yield as of period end.

(g) 

During the period ended November 30, 2019, investments in issuers considered to be an affiliate/affiliates of the Trust for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

 

Affiliate    Shares
Held at
8/31/19
     Net
Activity
     Shares
Held at
11/30/19
     Value at
11/30/19
     Income     

Net

Realized
Gain (Loss) (a)

     Change in
Unrealized
Appreciation
(Depreciation)
 

BlackRock Liquidity Funds New York Money Fund Portfolio

            18,016        18,016      $ 18,016      $ 193      $      $  
           

 

 

    

 

 

    

 

 

    

 

 

 

 

  (a)

Includes net capital gain distributions, if applicable.

 

For Trust compliance purposes, the Trust’s sector classifications refer to one or more of the sector sub-classifications used by one or more widely recognized market indexes or rating group indexes, and/or as defined by the investment adviser. These definitions may not apply for purposes of this report, which may combine such sector sub-classifications for reporting ease.

 

 

     7  


Schedule of Investments  (unaudited) (continued)

November 30, 2019

  

BlackRock New York Municipal Income Quality Trust (BSE)

 

Portfolio Abbreviations

AGC — Assured Guarantee Corp.

AGM — Assured Guaranty Municipal Corp.

ARB — Airport Revenue Bonds

CAB — Capital Appreciation Bonds

EDC — Economic Development Corp.

FHA — Federal Housing Administration

GO — General Obligation Bonds

HFA — Housing Finance Agency

M/F — Multi-Family

PILOT — Payment in Lieu of Taxes

RB — Revenue Bonds

S/F — Single-Family

SONYMA — State of New York Mortgage Agency

SRF — State Revolving Fund

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

     13          03/20/20        $ 1,682        $ 1,910  

U.S. Treasury Long Bond

     27          03/20/20          4,292          9,524  

5-Year U.S. Treasury Note

     15          03/31/20          1,785          1,135  
                 

 

 

 
                  $ 12,569  
                 

 

 

 

Fair Value Hierarchy as of Period End

Various inputs are used in determining the fair value of investments and derivative financial instruments. These inputs to valuation techniques are categorized into a fair value hierarchy consisting of three broad levels for financial reporting purposes as follows:

 

   

Level 1 — Unadjusted price quotations in active markets/exchanges for identical assets or liabilities that 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 and derivative financial instruments)

The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the fair value hierarchy classification is determined based on the lowest level input that is significant to the fair value measurement in its entirety. Investments classified within Level 3 have significant unobservable inputs used by the Global Valuation Committee in determining the price for Fair Valued Investments. Level 3 investments include equity or debt issued by privately held companies or funds. There may not be a secondary market, and/or there are a limited number of investors. The categorization of a value determined for investments and derivative financial instruments is based on the pricing transparency of the investments and derivative financial instruments and is not necessarily an indication of the risks associated with investing in those securities. For information about the Trust’s policy regarding valuation of investments and derivative financial instruments, refer to the Trust’s most recent financial statements as contained in its annual report.

 

 

8   


Schedule of Investments  (unaudited) (continued)

November 30, 2019

  

BlackRock New York Municipal Income Quality Trust (BSE)

 

The following tables summarize the Trust’s investments and derivative financial instruments categorized in the disclosure hierarchy:

 

      Level 1        Level 2        Level 3        Total  

Assets:

                 

Investments:

                 

Long-Term Investments(a)

   $        $ 161,082,063        $        $ 161,082,063  

Short-Term Securities

     18,016                            18,016  
  

 

 

      

 

 

      

 

 

      

 

 

 
   $ 18,016        $ 161,082,063        $        $ 161,100,079  
  

 

 

      

 

 

      

 

 

      

 

 

 

Derivative Financial Instruments(b)

                 

Assets:

                 

Interest rate contracts

   $ 12,569        $        $        $ 12,569  
  

 

 

      

 

 

      

 

 

      

 

 

 

 

  (a) 

See above Schedule of Investments for values in each sector/state or political subdivision.

 
  (b) 

Derivative financial instruments are futures contracts. Future contracts are valued at the unrealized appreciation (depreciation) on the instrument.

 

The Trust may hold assets and/or liabilities in which the fair value approximates the carrying amount for financial reporting purposes. As of period end, such assets and/or liabilities are categorized within the disclosure hierarchy as follows:

 

      Level 1        Level 2        Level 3        Total  

Liabilities:

                 

TOB Trust Certificates

   $        $ (23,702,391      $        $ (23,702,391

VRDP Shares at Liquidation Value

              (40,500,000                 (40,500,000
  

 

 

      

 

 

      

 

 

      

 

 

 
   $        $ (64,202,391      $        $ (64,202,391
  

 

 

      

 

 

      

 

 

      

 

 

 

 

 

     9