NPORT-EX 2 NPORT_89R7_25607627_1021.htm BlackRock Municipal 2030 Target Term Trust

Schedule of Investments (unaudited)

October 31, 2021

   

BlackRock Municipal 2030 Target Term Trust (BTT)

(Percentages shown are based on Net Assets)

 

Security  

Par

            (000)

                    Value  

Municipal Bonds

     
Alabama — 3.6%             

Alabama Federal Aid Highway Finance Authority, RB, Series A, 5.00%, 09/01/27(a)

   $ 7,485      $ 9,265,771  

Alabama Public School and College Authority, Refunding RB, Series A, 5.00%, 11/01/30

     11,900        15,623,082  

Alabama Special Care Facilities Financing Authority- Birmingham Alabama, Refunding RB, 5.00%, 06/01/30

     10,000        11,496,640  

Birmingham-Jefferson Civic Center Authority, ST

     

Series A, 5.00%, 07/01/31

     1,100        1,352,892  

Series A, 5.00%, 07/01/32

     1,150        1,407,872  

Series A, 5.00%, 07/01/33

     1,600        1,950,078  

Black Belt Energy Gas District, Refunding RB, 4.00%, 06/01/51(b)

     8,930        10,810,917  

County of Jefferson Alabama Sewer Revenue, Refunding RB, CAB(c)

     

Series B, Senior Lien, (AGM), 0.00%, 10/01/31

     7,375        4,621,463  

Series B, Senior Lien, (AGM), 0.00%, 10/01/32

     6,295        3,661,701  

Series B, Senior Lien, (AGM), 0.00%, 10/01/33

     1,275        691,072  

Homewood Educational Building Authority, Refunding RB

     

Series A, 5.00%, 12/01/33

     1,010        1,206,183  

Series A, 5.00%, 12/01/34

     1,380        1,641,560  

University of South Alabama, Refunding RB

     

(AGM), 5.00%, 11/01/29

     1,105        1,316,064  

(AGM), 5.00%, 11/01/30

     2,000        2,379,076  
    

 

 

  
       67,424,371  

Arizona — 1.9%

     

Arizona Health Facilities Authority, Refunding RB

     

Series A, 5.00%, 02/01/34

     6,340        6,411,141  

Series B, 5.00%, 02/01/33

     1,810        1,911,065  

Arizona Industrial Development Authority, RB(d)

     

4.00%, 07/01/29

     705        769,831  

4.50%, 07/01/29

     765        803,010  

4.00%, 07/01/30

     685        728,501  

Series A, 4.00%, 07/01/29

     4,135        4,287,838  

Industrial Development Authority of the City of Phoenix, RB

     

6.00%, 07/01/23(e)

     190        202,765  

Series A, 4.50%, 07/01/22

     105        107,248  

Series A, 5.75%, 07/01/24(d)

     475        510,036  

Series A, 5.00%, 07/01/33

     1,000        1,016,637  

Industrial Development Authority of the County of Pima, Refunding RB, Series A, 4.00%, 09/01/29

     6,000        6,264,558  

Maricopa County Industrial Development Authority, Refunding RB

     

4.00%, 07/01/29(d)

     855        954,058  

Series A, 5.00%, 01/01/31

     10,000        12,039,700  
    

 

 

  
       36,006,388  

California — 8.2%

     

Alameda Corridor Transportation Authority, Refunding RB, Series A, Sub Lien, (AMBAC), 0.00%, 10/01/30(c)

     10,530        8,731,244  

California Health Facilities Financing Authority, RB

     

Series A, 5.00%, 11/15/32

     1,600        1,983,024  

Series A, 5.00%, 11/15/33

     1,855        2,294,116  

California Housing Finance, RB, M/F Housing, Series 2021-1, Class A, 3.50%, 11/20/35

     3,724        4,307,360  
Security  

Par

            (000)

                    Value  

California (continued)

     

California Infrastructure & Economic Development Bank, RB, Series D, 0.39%, 08/01/47(b)

   $ 2,675      $ 2,686,358  

California Municipal Finance Authority, ARB, AMT, Senior Lien, 5.00%, 12/31/33

     4,000        4,760,496  

California Municipal Finance Authority, RB, 4.00%, 10/01/33

     2,500        2,646,465  

California Municipal Finance Authority, RB, S/F Housing, Series A, 5.00%, 08/15/30

     1,000        1,082,613  

California Municipal Finance Authority, Refunding RB

     

Series A, 5.00%, 07/01/30

     1,200        1,446,178  

Series A, 5.00%, 07/01/31

     1,050        1,263,775  

California School Finance Authority, RB(d)

     

5.00%, 06/01/30

     565        638,265  

Series A, 5.00%, 06/01/29

     290        321,161  

Series A, 4.00%, 06/01/31

     265        288,003  

Series A, 5.00%, 06/01/32

     1,100        1,245,241  

City of Long Beach California Harbor Revenue, ARB

     

Series A, AMT, 5.00%, 05/15/31

     1,200        1,457,960  

Series A, AMT, 5.00%, 05/15/32

     1,800        2,184,613  

Series A, AMT, 5.00%, 05/15/33

     675        818,311  

Series A, AMT, 5.00%, 05/15/34

     1,650        1,998,033  

Compton Unified School District, GO, CAB(c)

     

Series B, (BAM), 0.00%, 06/01/33

     1,000        759,697  

Series B, (BAM), 0.00%, 06/01/34

     1,125        822,349  

Series B, (BAM), 0.00%, 06/01/35

     1,000        703,395  

Series B, (BAM), 0.00%, 06/01/36

     1,000        678,386  

El Camino Community College District Foundation, GO, CAB(c)

     

Series C, 0.00%, 08/01/30

     9,090        7,898,474  

Series C, 0.00%, 08/01/31

     12,465        10,539,681  

Series C, 0.00%, 08/01/32

     17,435        14,338,823  

Golden State Tobacco Securitization Corp., Refunding RB, Series A-1, 5.00%, 06/01/29

     14,500        17,418,835  

Los Angeles Regional Airports Improvement Corp., Refunding RB, AMT, 5.00%, 01/01/32

     4,110        4,141,236  

Los Angeles Unified School District, GO, Series A, 4.00%, 07/01/33

     3,000        3,347,877  

Monterey Peninsula Community College District, Refunding GO, CAB(c)

     

0.00%, 08/01/30

     3,500        2,863,773  

0.00%, 08/01/31

     5,940        4,674,857  

M-S-R Energy Authority, RB, Series C, 6.13%, 11/01/29

     2,350        2,940,936  

Norman Y Mineta San Jose International Airport SJC, Refunding RB

     

Series A, AMT, 5.00%, 03/01/30

     500        602,404  

Series A, AMT, 5.00%, 03/01/31

     1,500        1,795,780  

Series A, AMT, 5.00%, 03/01/32

     1,000        1,202,662  

Series A, AMT, 5.00%, 03/01/33

     975        1,171,616  

Series A, AMT, 5.00%, 03/01/34

     1,250        1,500,751  

Series A, AMT, 5.00%, 03/01/35

     2,000        2,399,266  

Poway Unified School District, GO(c)

     

Series A, 0.00%, 08/01/30

     10,000        8,685,090  

Series A, 0.00%, 08/01/32

     12,500        10,256,000  

San Diego County Regional Airport Authority, ARB, Sub-Series B, AMT, 5.00%, 07/01/33

     1,000        1,212,450  

State of California, Refunding GO, 5.00%, 08/01/30

     10,000        12,288,540  

Washington Township Health Care District, Refunding RB, Series B, 3.00%, 07/01/28

     750        820,406  
    

 

 

  
       153,216,500  
 

 

 

1

Schedule of Investments (unaudited) (continued)

October 31, 2021

   

BlackRock Municipal 2030 Target Term Trust (BTT)

(Percentages shown are based on Net Assets)

 

Security  

Par

            (000)

                    Value  
Colorado — 3.4%             

Central Platte Valley Metropolitan District, GO

     

Series A, 5.13%, 12/01/29

   $ 700      $ 752,844  

Series A, 5.50%, 12/01/29

     750        812,363  

City & County of Denver Colorado Airport System Revenue, Refunding ARB, Series A, AMT, 5.00%, 12/01/33

     25,000        30,623,525  

City & County of Denver Colorado, RB, CAB, Series A-2, 0.00%, 08/01/30(c)

     1,000        819,663  

Colorado Educational & Cultural Facilities Authority, Refunding RB, 4.00%, 12/01/30(d)

     1,185        1,230,636  

Colorado Health Facilities Authority, Refunding RB 4.00%, 05/15/26(a)

     2,860        3,294,520  

Series A, 5.00%, 12/01/22(a)

     3,000        3,156,660  

Series A, 4.00%, 08/01/37

     3,000        3,452,478  

E-470 Public Highway Authority, Refunding RB, Series B, 0.38%, 09/01/39(b)

     1,475        1,471,206  

Park Creek Metropolitan District, Refunding RB

     

Series A, Senior Lien, 5.00%, 12/01/27

     1,500        1,740,729  

Series A, Senior Lien, 5.00%, 12/01/28

     1,500        1,738,723  

Series A, Senior Lien, 5.00%, 12/01/30

     1,350        1,561,306  

Series A, Senior Lien, 5.00%, 12/01/31

     1,500        1,733,139  

Plaza Metropolitan District No.1, Refunding TA(d)

     

4.00%, 12/01/23

     1,000        1,023,139  

4.10%, 12/01/24

     5,080        5,198,090  

4.20%, 12/01/25

     5,280        5,401,387  

Tallyn’s Reach Metropolitan District No.3, GO, 5.00%, 12/01/23(a)

     502        551,459  
    

 

 

  
       64,561,867  

Connecticut — 1.0%

     

Capital Region Development Authority, Refunding RB

     

(SAP), 5.00%, 06/15/30

     1,095        1,350,180  

(SAP), 5.00%, 06/15/31

     1,125        1,381,893  

Connecticut State Health & Educational Facilities Authority, RB, Series A, 5.00%, 01/01/30(d)

     370        409,962  

Connecticut State Health & Educational Facilities Authority, Refunding RB

     

Series 2015-A, 0.38%, 07/01/35(b)

     5,005        4,989,009  

Series G-1, 5.00%, 07/01/27(d)

     225        265,511  

Series G-1, 5.00%, 07/01/28(d)

     300        360,825  

Series G-1, 5.00%, 07/01/29(d)

     300        367,101  

Series G-1, 5.00%, 07/01/30(d)

     300        365,004  

Series G-1, 5.00%, 07/01/32(d)

     425        511,667  

Series G-1, 5.00%, 07/01/34(d)

     355        423,722  

Series I-1, 5.00%, 07/01/35

     400        477,771  

State of Connecticut, GO, Series A, 5.00%, 04/15/33

     7,000        8,635,998  
    

 

 

  
       19,538,643  

Delaware — 0.8%

     

County of Kent Delaware, RB

     

Series A, 4.00%, 07/01/22.

     230        233,832  

Series A, 5.00%, 07/01/24

     705        766,089  

Series A, 5.00%, 07/01/25

     805        897,390  

Series A, 5.00%, 07/01/26

     850        969,020  

Series A, 5.00%, 07/01/27

     890        1,035,044  

Series A, 5.00%, 07/01/28

     935        1,095,240  

Delaware State Economic Development Authority, Refunding RB(b)
Series A, 1.25%, 10/01/45

     6,035        6,092,224  
Security  

Par

            (000)

                    Value  

Delaware (continued)

     

Delaware State Economic Development Authority, Refunding RB(b) (continued)

     

Series B, 1.25%, 10/01/40

   $ 500      $ 504,730  

Delaware State Health Facilities Authority, RB, 4.00%, 06/01/35

     1,250        1,413,688  

Delaware Transportation Authority, Refunding RB, 5.00%, 09/01/30

     2,000        2,594,374  
    

 

 

  
       15,601,631  

District of Columbia — 0.9%

     

District of Columbia, Refunding RB, Series A, 6.00%, 07/01/23(a)

     1,700        1,858,688  

Metropolitan Washington Airports Authority Aviation Revenue, Refunding ARB, Series A, AMT, 5.00%, 10/01/30

     12,325        15,681,455  
    

 

 

  
       17,540,143  

Florida — 7.5%

     

Capital Projects Finance Authority, RB, Series A-1, 5.00%, 10/01/30

     1,000        1,249,606  

Capital Trust Agency, Inc., RB(d)

     

Series A, 4.00%, 06/15/29

     1,790        1,897,602  

Series A-1, 3.38%, 07/01/31

     1,810        1,952,150  

Central Florida Expressway Authority, Refunding RB

     

Senior Lien, 5.00%, 07/01/32

     1,610        1,994,169  

Senior Lien, 5.00%, 07/01/33

     2,750        3,394,682  

City of Lakeland Florida, Refunding RB, 5.00%, 11/15/30

     3,750        4,500,191  

City of Tampa Florida, Refunding RB, Series A, 4.00%, 09/01/33

     10,000        10,299,290  

County of Broward Florida, RB

     

Series A, AMT, (AGM), 5.00%, 04/01/30

     600        638,091  

Series A, AMT, (AGM), 5.00%, 04/01/33

     740        786,457  

County of Miami-Dade Florida Water & Sewer System Revenue, RB, 5.00%, 10/01/27

     5,000        6,176,305  

County of Miami-Dade Florida, Refunding RB, Series B, 4.00%, 04/01/32

     6,690        7,616,391  

County of Palm Beach Florida, RB, 5.00%, 04/01/29(d)

     1,000        1,139,370  

County of St. Johns Florida Water & Sewer Revenue, Refunding RB, CAB(c)

     

Series B, 0.00%, 06/01/30

     2,000        1,728,528  

Series B, 0.00%, 06/01/31

     1,295        1,088,034  

Series B, 0.00%, 06/01/32

     2,495        2,038,213  

Double Branch Community Development District, Refunding SAB, Series A-1, Senior Lien, 4.13%, 05/01/31

     1,200        1,261,384  

Florida Development Finance Corp., RB, AMT, 5.00%, 05/01/29(d)

     7,430        7,918,381  

Florida Development Finance Corp., Refunding RB

     

4.00%, 06/01/24

     105        110,865  

4.00%, 06/01/25

     100        107,213  

4.00%, 06/01/26

     110        119,218  

4.00%, 09/15/30(d)

     470        502,488  

Jacksonville Port Authority, Refunding ARB, AMT, 4.50%, 11/01/22(a)

     9,445        9,843,560  

Lakewood Ranch Stewardship District, Refunding SAB, 3.20%, 05/01/30(d)

     540        555,420  
 

 

 

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

   2

Schedule of Investments (unaudited) (continued)

October 31, 2021

   

BlackRock Municipal 2030 Target Term Trust (BTT)

(Percentages shown are based on Net Assets)

 

Security  

Par

            (000)

                    Value  

Florida (continued)

     

Lakewood Ranch Stewardship District, SAB, S/F Housing, 3.40%, 05/01/30

   $ 375      $ 390,189  

LT Ranch Community Development District, SAB, 3.40%, 05/01/30

     985        1,017,929  

Miami Beach Health Facilities Authority, Refunding RB, 5.00%, 11/15/30

     1,000        1,123,547  

Orange County Convention Center/Orlando, Refunding RB, 5.00%, 10/01/30

     11,470        14,854,212  

Palm Beach County Health Facilities Authority, RB, Series B, 5.00%, 05/15/31

     410        485,200  

Palm Beach County Health Facilities Authority, Refunding RB, 5.00%, 11/15/32

     16,805        19,871,308  

Reedy Creek Improvement District, GO, Series A, 5.25%, 06/01/23(a)

     3,825        4,126,838  

Sarasota National Community Development District, Refunding SAB, 3.50%, 05/01/31

     1,000        1,061,401  

School Board of Miami-Dade County, Refunding COP, Series A, 5.00%, 05/01/32

     9,000        10,585,665  

St. Johns County Industrial Development Authority, Refunding RB

     

4.00%, 12/15/28

     200        225,848  

4.00%, 12/15/29

     215        244,016  

4.00%, 12/15/30

     195        220,514  

4.00%, 12/15/31

     205        231,103  

Tolomato Community Development District, Refunding SAB,
Sub-Series A-2, 3.85%, 05/01/29

     520        549,049  

Village Community Development District No.10, SAB

     

4.50%, 05/01/23

     765        772,864  

5.00%, 05/01/32

     5,055        5,102,653  

Village Community Development District No.5, Refunding SAB

     

3.50%, 05/01/28

     4,980        5,192,033  

4.00%, 05/01/33

     965        1,011,883  

4.00%, 05/01/34

     2,110        2,211,573  

Village Community Development District No.6, Refunding SAB, 4.00%, 05/01/29

     5,225        5,295,130  
    

 

 

  
       141,490,563  

Georgia — 2.0%

     

Georgia Ports Authority RB, 5.00%, 07/01/30(f)

     1,175        1,530,794  

Main Street Natural Gas, Inc. RB, Series C, 4.00%, 05/01/52(b)

     5,360        6,259,467  

Main Street Natural Gas, Inc., RB

     

Series A, 5.00%, 05/15/29

     1,250        1,554,804  

Series A, 5.00%, 05/15/30

     8,000        9,922,992  

Municipal Electric Authority of Georgia, RB, Series A, 5.00%, 01/01/34

     8,000        9,654,680  

Municipal Electric Authority of Georgia, Refunding RB

     

Series A, 5.00%, 01/01/29

     2,000        2,492,668  

Series A, 5.00%, 01/01/30

     1,905        2,407,638  

Series A, Subordinate, 5.00%, 01/01/29

     1,200        1,495,601  

Series A, Subordinate, 5.00%, 01/01/30

     1,250        1,579,815  
    

 

 

  
       36,898,459  

Guam — 0.2%

     

Territory of Guam, Refunding RB Series A, 5.00%, 11/01/30

     500        635,932  
Security  

Par

            (000)

                    Value  

Guam (continued)

     

Territory of Guam, Refunding RB (continued)

     

Series F, 5.00%, 01/01/30

   $ 1,160      $ 1,437,712  

Series F, 5.00%, 01/01/31

     1,250        1,573,970  
    

 

 

  
       3,647,614  

Idaho — 0.0%

     

Idaho Housing & Finance Association, RB, Series A, 4.63%, 07/01/29(d)

     185        207,771  
    

 

 

  

Illinois — 14.2%

     

Chicago Board of Education, Refunding GO

     

Series C, 5.00%, 12/01/22

     14,830        15,524,771  

Series C, 5.00%, 12/01/30

     7,025        8,305,868  

Series F, 5.00%, 12/01/22

     4,760        4,983,001  

Chicago Housing Authority, RB, M/F Housing

     

Series A, (HUD SEC 8), 5.00%, 01/01/33

     3,000        3,535,224  

Series A, (HUD SEC 8), 5.00%, 01/01/35

     1,500        1,752,711  

Chicago Midway International Airport, Refunding ARB, Series A, AMT, 2nd Lien, 5.00%, 01/01/33

     5,000        5,441,070  

Chicago O’Hare International Airport, Refunding RB

     

Series B, AMT, 4.00%, 01/01/27

     5,000        5,029,255  

Series B, Senior Lien, 5.00%, 01/01/33

     6,000        7,180,914  

Chicago Transit Authority Capital Grant Receipts Revenue, Refunding RB, 5.00%, 06/01/26

     3,000        3,565,426  

City of Chicago Illinois Motor Fuel Tax Revenue, Refunding RB, (AGM), 5.00%, 01/01/30

     730        783,240  

City of Chicago Illinois Wastewater Transmission Revenue, RB

     

2nd Lien, 4.00%, 01/01/31

     10,375        10,426,875  

2nd Lien, 4.00%, 01/01/32

     10,790        10,843,820  

2nd Lien, 4.00%, 01/01/33

     11,220        11,275,842  

2nd Lien, 4.00%, 01/01/35

     9,135        9,180,081  

City of St. Charles Illinois, Refunding GO

     

4.00%, 12/01/30

     1,620        1,683,156  

4.00%, 12/01/31

     1,715        1,781,501  

County of Cook Illinois, Refunding GO, Series C, 4.00%, 11/15/29

     19,750        20,485,984  

Illinois Finance Authority, Refunding RB

     

Series A, 4.00%, 11/01/24

     425        445,911  

Series A, 5.00%, 11/01/26

     460        514,973  

Series A, 5.00%, 11/01/28

     1,745        1,987,546  

Series A, 5.00%, 11/01/29

     1,840        2,091,660  

Series A, 5.00%, 10/01/30

     1,000        1,193,083  

Series A, 5.00%, 11/01/30

     1,935        2,194,514  

Series A, 5.00%, 11/15/31

     8,415        9,611,613  

Series A, 4.00%, 10/01/32

     1,000        1,131,729  

Series A, 5.00%, 11/15/32

     2,075        2,367,616  

Series A, 4.00%, 02/01/33

     11,000        11,495,979  

Series A, 5.00%, 11/15/33

     2,125        2,422,122  

Series B, 5.00%, 08/15/30

     3,205        3,843,266  

Series B, 0.74%, 05/01/42(b)

     1,750        1,764,303  

Series C, 5.00%, 02/15/30

     12,000        14,562,564  

Illinois State Toll Highway Authority, Refunding RB, Series A, 4.00%, 12/01/31

     20,000        22,569,440  

Kane McHenry Cook & De Kalb Counties Unit School District No.300, Refunding GO, Series A, 5.00%, 01/01/30

     6,350        7,623,480  
 

 

 

3

Schedule of Investments (unaudited) (continued)

October 31, 2021

   

BlackRock Municipal 2030 Target Term Trust (BTT)

(Percentages shown are based on Net Assets)

 

Security  

Par

            (000)

                    Value  

Illinois (continued)

     

Metropolitan Pier & Exposition Authority, Refunding RB

     

5.00%, 12/15/28

   $ 1,200      $ 1,451,645  

5.00%, 12/15/30

     1,385        1,666,602  

State of Illinois, GO

     

Series A, 5.00%, 12/01/28

     9,950        11,894,419  

Series A, 5.00%, 03/01/32

     1,500        1,899,795  

Series A, 4.00%, 03/01/41

     335        375,675  

Series D, 5.00%, 11/01/28

     10,805        12,891,273  

State of Illinois, Refunding GO, Series B, 5.00%, 10/01/30

     7,000        8,435,812  

Upper Illinois River Valley Development Authority, Refunding RB, 4.00%, 01/01/31(d)

     370        386,321  

Winnebago & Boone Counties School District No.205 Rockford, GO

     

4.00%, 02/01/29

     9,080        9,486,403  

4.00%, 02/01/30

     9,835        10,272,677  
    

 

 

  
       266,359,160  

Indiana — 2.7%

     

City of Indianapolis Department of Public Utilities Water System Revenue, Refunding RB, Series A, 1st Lien, 5.00%, 10/01/35

     10,000        12,437,230  

City of Valparaiso Indiana, RB, AMT, 5.88%, 01/01/24

     800        845,276  

City of Whiting Indiana, RB, Series A, AMT, 5.00%, 03/01/46(b)

     5,500        5,830,132  

Indiana Finance Authority Refunding RB, 0.34%, 03/01/39(b)

     1,090        1,090,000  

Indiana Finance Authority, Refunding RB

     

Series A, 4.00%, 05/01/23(a)

     22,565        23,787,865  

Series A, 4.13%, 12/01/26

     3,665        4,002,213  

Northern Indiana Commuter Transportation District, RB

     

5.00%, 07/01/32

     1,000        1,186,120  

5.00%, 07/01/33

     1,400        1,658,769  
    

 

 

  
       50,837,605  

Iowa — 2.3%

     

Iowa Finance Authority, RB, AMT, 1.50%, 01/01/42(b)

     2,750        2,774,376  

Iowa Finance Authority, Refunding RB, 5.25%, 12/01/25

     13,345        14,520,561  

PEFA, Inc., RB, 5.00%, 09/01/49(b)

     21,415        25,226,142  
    

 

 

  
       42,521,079  

Kansas — 0.1%

     

City of Shawnee Kansas, RB, 4.00%, 08/01/31(d)

     500        515,964  

Wyandotte County-Kansas City Unified Government Utility System Revenue, RB, Series A, 5.00%, 09/01/33

     1,370        1,585,322  
    

 

 

  
       2,101,286  

Kentucky — 0.6%

     

Kentucky Public Transportation Infrastructure Authority, RB, CAB

     

Series B, 0.00%, 07/01/30(c)

     1,230        935,394  

Series C, Convertible, 0.00%, 07/01/33(g)

     1,500        1,835,221  

Louisville/Jefferson County Metropolitan Government, Refunding RB, Series A, 5.00%, 10/01/32

     7,300        8,673,634  
    

 

 

  
       11,444,249  

Louisiana — 2.4%

     

City of Ruston Louisiana, RB (AGM), 5.00%, 06/01/29

     1,060        1,245,542  
Security  

Par

            (000)

                    Value  

Louisiana (continued)

     

City of Ruston Louisiana, RB (continued)

     

(AGM), 5.00%, 06/01/30

   $ 1,000      $ 1,173,890  

(AGM), 5.00%, 06/01/31

     1,020        1,196,099  

(AGM), 5.00%, 06/01/32

     1,225        1,435,107  

Louisiana Local Government Environmental Facilities & Community Development Auth, Refunding RB, Series A, 2.00%, 06/01/30

     1,250        1,264,261  

Louisiana Public Facilities Authority, RB(d)

     

Series A, 5.00%, 06/01/29

     710        770,234  

Series A, 5.00%, 04/01/30

     525        573,304  

Series A, 5.00%, 06/01/31

     500        550,537  

Louisiana Public Facilities Authority, Refunding RB

     

5.00%, 05/15/29

     1,235        1,443,978  

5.00%, 05/15/30

     990        1,156,373  

3.00%, 05/15/31

     2,225        2,346,162  

5.00%, 05/15/32

     1,485        1,730,977  

5.00%, 05/15/33

     2,175        2,532,587  

Louisiana Stadium & Exposition District, RB, 4.00%, 07/03/23

     1,000        1,050,070  

Louisiana Stadium & Exposition District, Refunding RB, Series A, 5.00%, 07/01/30

     3,000        3,224,781  

Port New Orleans Board of Commissioners, Refunding RB, Series B, AMT, 5.00%, 04/01/23(a)

     2,875        3,062,467  

State of Louisiana, GO, Series A, 4.00%, 05/15/23(a)

     6,540        6,910,373  

Terrebonne Levee & Conservation District, RB, 5.00%, 07/01/23(a)

     1,925        2,074,609  

Tobacco Settlement Financing Corp., Refunding RB

     

Series A, 5.25%, 05/15/32

     4,375        4,477,721  

Series A, 5.25%, 05/15/33

     4,750        4,861,103  

Series A, 5.25%, 05/15/35

     1,500        1,596,878  
    

 

 

  
       44,677,053  

Maine — 0.2%

     

City of Portland Maine General Airport Revenue, Refunding RB

     

5.00%, 01/01/33

     695        858,171  

5.00%, 01/01/34

     305        375,506  

4.00%, 01/01/35

     1,000        1,147,471  

Maine Turnpike Authority, RB

     

5.00%, 07/01/29

     300        381,323  

5.00%, 07/01/30

     275        355,546  
    

 

 

  
       3,118,017  

Maryland — 1.8%

     

Anne Arundel County Consolidated Special Taxing District, ST

     

4.20%, 07/01/24

     430        446,836  

4.90%, 07/01/30

     1,315        1,395,329  

City of Baltimore Maryland, Refunding RB, 5.00%, 09/01/31

     1,250        1,347,805  

County of Prince George’s Maryland, TA, 5.00%, 07/01/30(d)

     585        663,885  

Howard County Housing Commission, RB, M/F Housing, 5.00%, 12/01/33

     1,765        2,083,921  

Maryland Economic Development Corp., RB, Series D, AMT, 5.00%, 03/31/30

     1,325        1,568,905  

Maryland Health & Higher Educational Facilities Authority, Refunding RB

     

5.00%, 07/01/29

     2,200        2,511,190  

5.00%, 07/01/31

     2,400        2,810,351  

5.00%, 07/01/32

     500        606,881  

5.00%, 07/01/33

     2,585        3,033,494  
 

 

 

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

   4

Schedule of Investments (unaudited) (continued)

October 31, 2021

   

BlackRock Municipal 2030 Target Term Trust (BTT)

(Percentages shown are based on Net Assets)

 

Security  

Par

            (000)

                    Value  

Maryland (continued)

     

Maryland Health & Higher Educational Facilities Authority, Refunding RB (continued)

     

5.00%, 07/01/34

   $ 775      $ 938,147  

Series A, 5.00%, 01/01/31

     2,865        3,361,227  

Series A, 5.00%, 01/01/32

     3,010        3,523,997  

Series A, 5.00%, 01/01/33

     3,165        3,705,465  

State of Maryland, GO, 1st Series, 3.00%, 03/15/34

     5,000        5,529,125  
    

 

 

  
       33,526,558  

Massachusetts — 1.4%

     

Commonwealth of Massachusetts, GO, Series I, 5.00%, 12/01/33

     5,000        6,011,195  

Commonwealth of Massachusetts, Refunding GO, Series A, (AMBAC), 5.50%, 08/01/30

     2,500        3,333,665  

Massachusetts Bay Transportation Authority, Refunding RB, CAB, Series A, 0.00%, 07/01/32(c)

    5,500        4,349,554  

Massachusetts Development Finance Agency, RB, Series A, 5.00%, 01/01/33

     1,070        1,270,772  

Massachusetts Development Finance Agency, Refunding RB

     

Series A, 5.00%, 01/01/32

     2,020        2,449,432  

Series A, 5.00%, 01/01/33

     1,500        1,810,863  

Series A, 5.00%, 01/01/34

     2,085        2,504,298  

Series A, 5.00%, 01/01/35

     2,000        2,394,436  

Massachusetts Educational Financing Authority, Refunding RB, Series K, AMT, 5.25%, 07/01/29

     2,980        3,050,501  
    

 

 

  
       27,174,716  

Michigan — 1.9%

     

City of Detroit Michigan, GO

     

5.00%, 04/01/26

     735        843,181  

5.00%, 04/01/27

     580        679,835  

5.00%, 04/01/28

     665        794,593  

5.00%, 04/01/29

     665        790,230  

5.00%, 04/01/30

     510        602,918  

5.00%, 04/01/31

     735        864,879  

5.00%, 04/01/32

     625        732,179  

5.00%, 04/01/33

     830        968,444  

Michigan Finance Authority, Refunding RB

     

5.00%, 06/01/24(a)

    2,750        3,077,148  

5.00%, 08/15/30

     2,105        2,275,703  

Michigan State Hospital Finance Authority, Refunding RB, Series C, 4.00%, 06/01/22(a)

    8,195        8,375,470  

Michigan State Housing Development Authority, RB, M/F Housing, Series A, 0.55%, 04/01/25

     985        983,130  

Michigan Strategic Fund, RB

     

AMT, 5.00%, 12/31/32

     2,000        2,428,332  

AMT, 4.00%, 10/01/61(b)

    1,730        1,921,956  

Michigan Strategic Fund, Refunding RB
5.00%, 11/15/29

     1,260        1,494,674  

5.00%, 11/15/34

     1,410        1,644,164  

Saginaw Valley State University, Refunding RB

     

Series A, 5.00%, 07/01/31

     2,070        2,460,901  

Series A, 5.00%, 07/01/32

     1,430        1,698,168  

State of Michigan Trunk Line Revenue RB, 5.00%, 11/15/30

     800        1,052,226  

State of Michigan Trunk Line Revenue Refunding RB, 5.00%, 11/15/30

     1,000        1,315,283  
    

 

 

  
       35,003,414  
Security  

Par

            (000)

                    Value  
Minnesota — 0.4%             

City of Spring Lake Park Minnesota, RB, 4.00%, 06/15/29

   $ 1,185      $ 1,279,389  

Sartell-St Stephen Independent School District No.748, GO, CAB(c)

    

Series B, (SD CRED PROG), 0.00%, 02/01/30

     3,915        3,232,408  

Series B, (SD CRED PROG), 0.00%, 02/01/31

     2,190        1,742,662  

Series B, (SD CRED PROG), 0.00%, 02/01/32

     1,450        1,111,844  
    

 

 

  
       7,366,303  

Mississippi — 1.2%

     

Mississippi Development Bank, Refunding RB

     

Series A, (AGM), 5.00%, 03/01/30

     2,280        2,664,542  

Series A, (AGM), 5.00%, 03/01/31

     1,595        1,861,756  

Series A, (AGM), 5.00%, 03/01/32

     2,000        2,331,714  

Series A, (AGM), 5.00%, 03/01/33

     1,275        1,484,701  

State of Mississippi, RB, Series E, 5.00%, 10/15/33

     12,225        14,106,232  
    

 

 

  
       22,448,945  

Missouri — 0.6%

     

Health & Educational Facilities Authority of the State of Missouri, Refunding RB

     

5.00%, 05/01/30

     3,000        3,174,558  

5.00%, 05/15/31

     1,175        1,381,223  

4.00%, 05/15/32

     1,680        1,893,938  

4.00%, 05/15/33

     2,000        2,238,066  

Series A, 4.00%, 11/15/33

     2,010        2,147,044  

Industrial Development Authority of the City of St. Louis Missouri, Refunding RB, Series A, 3.88%, 11/15/29

     970        977,505  
    

 

 

  
       11,812,334  

Montana — 0.6%

     

City of Forsyth Montana, Refunding RB, Series A, 3.90%, 03/01/31(b)

    10,050        10,453,638  
    

 

 

  
Nebraska — 0.6%             

Central Plains Energy Project, RB

     

5.00%, 09/01/27

     5,000        5,189,240  

5.00%, 09/01/32

     4,500        4,670,316  

Elkhorn School District, GO

     

4.00%, 12/15/32

     325        385,724  

4.00%, 12/15/33

     375        444,289  
    

 

 

  
       10,689,569  

Nevada(d) — 0.0%

     

State of Nevada Department of Business & Industry, RB

     

Series A, 5.00%, 07/15/27

     335        370,468  

Series A, 4.50%, 12/15/29

     590        646,000  
    

 

 

  
       1,016,468  

New Hampshire — 0.8%

     

New Hampshire Business Finance Authority Refunding RB, 0.42%, 10/01/33(b)

    7,180        7,246,551  

New Hampshire Business Finance Authority, Refunding RB

     

4.00%, 01/01/28

     285        323,460  

4.00%, 01/01/29

     300        340,099  

4.00%, 01/01/30

     280        315,356  

Series A, AMT, 4.00%, 11/01/27(d)

    2,205        2,297,813  

New Hampshire State Turnpike System, RB, Series C, 4.00%, 08/01/33

     4,350        4,468,729  
    

 

 

  
       14,992,008  
 

 

 

5  

Schedule of Investments (unaudited) (continued)

October 31, 2021

   

BlackRock Municipal 2030 Target Term Trust (BTT)

(Percentages shown are based on Net Assets)

 

Security  

Par

            (000)

                    Value  

New Jersey — 14.6%

     

Atlantic City Board of Education, Refunding GO

     

(AGM), 4.00%, 04/01/30

   $ 170      $ 195,468  

(AGM), 4.00%, 04/01/31

     175        199,322  

Casino Reinvestment Development Authority, Inc., Refunding RB

     

5.00%, 11/01/21

     2,465        2,465,560  

5.00%, 11/01/22

     1,890        1,966,657  

Industrial Pollution Control Financing Authority of Gloucester County, Refunding RB, Series A, AMT, 5.00%, 12/01/24

     1,015        1,082,047  

New Jersey Economic Development Authority, RB

     

5.00%, 06/15/30

     600        763,735  

Series A, 4.00%, 06/15/29(d)

     665        725,109  

Series A, 4.00%, 07/01/29

     350        397,344  

Series A, 5.00%, 06/15/32

     4,500        5,443,452  

Series C, 5.00%, 06/15/32

     3,600        4,361,026  

Series DDD, 5.00%, 06/15/35

     2,000        2,387,810  

AMT, 5.00%, 01/01/28

     4,705        5,135,324  

Series A, AMT, 5.63%, 11/15/30

     1,740        1,906,542  

Series B, AMT, 5.63%, 11/15/30

     1,315        1,440,864  

New Jersey Economic Development Authority, Refunding RB

     

5.00%, 06/15/26

     10,610        10,877,934  

4.25%, 06/15/27

     16,500        16,839,240  

(AGM), 5.00%, 06/01/28

     1,000        1,205,125  

5.00%, 01/01/29

     2,280        2,643,462  

(AGM), 5.00%, 06/01/30

     1,500        1,803,865  

(AGM), 5.00%, 06/01/31

     1,750        2,102,137  

(AGM), 4.00%, 06/01/32

     2,125        2,409,087  

Series BBB, 5.50%, 06/15/29

     10,000        12,145,170  

Series MMM, 4.00%, 06/15/35

     5,000        5,793,960  

Sub-Series A, 4.00%, 07/01/32

     9,855        10,953,832  

New Jersey Economic Development Authority, Refunding SAB, 5.75%, 04/01/31

     5,000        5,332,575  

New Jersey Educational Facilities Authority, RB, Series A, 4.00%, 09/01/30

     5,860        6,383,480  

New Jersey Health Care Facilities Financing Authority, Refunding RB

     

5.00%, 07/01/28

     1,500        1,773,633  

5.00%, 07/01/29

     4,150        4,929,865  

5.00%, 07/01/30

     3,500        4,152,561  

Series A, 5.00%, 07/01/30

     11,245        13,391,614  

New Jersey Higher Education Student Assistance Authority, RB

     

Series 1A, AMT, 5.00%, 12/01/25

     5,500        6,427,349  

Series 1A, AMT, 5.00%, 12/01/26

     2,250        2,624,890  

Series A, AMT, 4.00%, 12/01/32

     2,390        2,607,191  

Series A, AMT, 4.00%, 12/01/33

     1,915        2,067,333  

Series A, AMT, 4.00%, 12/01/34

     955        1,062,289  

Series A, AMT, 4.00%, 12/01/35

     955        1,035,832  

Series B, AMT, 5.00%, 12/01/23

     50        54,695  

New Jersey Higher Education Student Assistance Authority, Refunding RB, Series A, AMT, 5.00%, 12/01/23

     215        235,188  

New Jersey Housing & Mortgage Finance Agency, Refunding RB, Series A, AMT, 3.80%, 10/01/32

     11,085        12,037,113  

New Jersey Transportation Trust Fund Authority, RB

     

Series AA, 5.25%, 06/15/27

     4,225        4,887,750  

Series AA, 5.25%, 06/15/28

     4,500        5,199,286  

Series AA, 4.00%, 06/15/30

     10,815        11,065,075  
Security  

Par

            (000)

                    Value  

New Jersey (continued)

     

New Jersey Transportation Trust Fund Authority, RB (continued)

     

Series BB, 5.00%, 06/15/30

   $ 1,500      $ 1,858,944  

Series C, 5.25%, 06/15/32

     10,000        11,327,380  

Series D, 5.00%, 06/15/32

     5,000        5,625,345  

New Jersey Transportation Trust Fund Authority, Refunding RB

     

Series A, 5.00%, 06/15/30

     6,600        7,722,297  

Series A, 5.00%, 12/15/30

     21,325        26,346,099  

Newark Housing Authority Scholarship Foundation A New Jersey Non, Refunding RB, (NPFGC), 5.25%, 01/01/27

     5,000        5,728,575  

South Jersey Transportation Authority, Refunding RB, Series A, 5.00%, 11/01/33

     500        557,677  

Tobacco Settlement Financing Corp., Refunding RB

     

Series A, 5.00%, 06/01/30

     16,740        20,617,402  

Series A, 5.00%, 06/01/32

     8,270        9,956,460  

Township of Irvington New Jersey, Refunding GO

     

Series A, (AGM, SAW), 5.00%, 07/15/30

     2,000        2,227,626  

Series A, (AGM, SAW), 5.00%, 07/15/31

     1,450        1,613,898  
    

 

 

  
       274,093,494  

New Mexico — 1.4%

     

City of Santa Fe New Mexico, RB, Series A, 5.00%, 05/15/34

     480        540,818  

New Mexico Educational Assistance Foundation, RB

     

Series A-1, AMT, (GTD STD LNS), 3.75%, 09/01/31.

     6,250        6,577,137  

Series A-1, AMT, (GTD STD LNS), 3.88%, 04/01/34

     2,000        2,123,022  

Series A-2, AMT, (GTD STD LNS), 3.80%, 11/01/32

     5,850        6,144,074  

Series A-2, AMT, (GTD STD LNS), 3.80%, 09/01/33

     10,000        10,483,220  
    

 

 

  
       25,868,271  

New York — 4.6%

     

Build NYC Resource Corp., Refunding RB, AMT, 4.50%, 01/01/25(d)

     645        688,527  

County of Nassau New York, GO

     

Series A, (AGM), 5.00%, 04/01/34

     4,165        5,079,613  

Series A, (AGM), 5.00%, 04/01/35

     4,385        5,336,006  

Hempstead Town Local Development Corp., Refunding RB

     

5.00%, 06/01/30

     200        255,444  

5.00%, 06/01/31

     300        389,687  

5.00%, 06/01/32

     100        129,639  

Metropolitan Transportation Authority, Refunding RB 2nd Sub Series, (AGM), 0.83%, 11/01/32(b)

     2,875        2,863,678  

Sub-Series C-1, 5.00%, 11/15/34

     10,000        11,827,610  

Metropolitan Transportation Authority, Refunding RB, CAB(c)

     

Series A, 0.00%, 11/15/30

     13,000        10,984,727  

Series C-2, 0.00%, 11/15/32

     19,315        14,530,037  

New York City Transitional Finance Authority Future Tax Secured Revenue, RB, Sub-Series B-1, 5.00%, 08/01/30

     4,980        6,130,988  

New York Transportation Development Corp., ARB

     

Series A, AMT, 4.00%, 07/01/32

     5,500        6,007,502  

Series A, AMT, 4.00%, 07/01/33

     6,000        6,547,212  

New York Transportation Development Corp., RB AMT, 4.00%, 10/01/30

     8,140        9,434,333  
 

 

 

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

   6

Schedule of Investments (unaudited) (continued)

October 31, 2021

   

BlackRock Municipal 2030 Target Term Trust (BTT)

(Percentages shown are based on Net Assets)

 

Security  

Par

            (000)

                    Value  

New York (continued)

     

New York Transportation Development Corp., RB (continued) AMT, 4.00%, 10/31/34

   $ 350      $ 409,013  

New York Transportation Development Corp., Refunding RB

     

Series A, AMT, 5.00%, 12/01/29

     235        291,106  

Series A, Class A, AMT, 5.00%, 12/01/28

     350        425,926  

Series A, Class A, AMT, 5.00%, 12/01/30

     250        316,252  

Port Authority of New York & New Jersey, Refunding ARB, Series 223, AMT, 5.00%, 07/15/30

     3,730        4,794,091  
    

 

 

  
       86,441,391  

North Carolina — 0.1%

     

North Carolina Medical Care Commission, RB

     

4.00%, 09/01/33

     175        204,186  

4.00%, 09/01/34

     185        215,253  

Series A, 4.00%, 10/01/27

     600        692,956  
    

 

 

  
       1,112,395  

Ohio — 1.5%

     

Allen County Port Authority, Refunding RB, Series A, 4.00%, 12/01/31

     460        521,436  

American Municipal Power, Inc., Refunding RB, Series A-2, 1.00%, 02/15/48(b)

     6,000        6,070,530  

County of Butler Ohio, Refunding RB

     

5.00%, 11/15/30

     1,225        1,488,749  

5.00%, 11/15/31

     2,500        3,035,047  

5.00%, 11/15/32

     2,200        2,661,556  

County of Franklin Ohio, RB

     

Series A, 5.25%, 07/01/28

     470        470,932  

Series A, 5.63%, 07/01/32

     940        942,009  

Ohio Air Quality Development Authority, Refunding RB, 3.25%, 09/01/29

     4,450        4,862,150  

Ohio State University RB, 5.00%, 12/01/30

     3,320        4,377,862  

State of Ohio, RB

     

AMT, (AGM), 5.00%, 12/31/29

     1,625        1,856,554  

AMT, (AGM), 5.00%, 12/31/30

     2,400        2,738,664  
    

 

 

  
       29,025,489  

Oklahoma — 0.9%

     

Norman Regional Hospital Authority, Refunding RB

     

5.00%, 09/01/27

     2,100        2,482,057  

5.00%, 09/01/28

     2,000        2,361,350  

5.00%, 09/01/29

     2,150        2,535,710  

5.00%, 09/01/30

     5,130        6,044,099  

Oklahoma Capitol Improvement Authority, RB, Series B, 5.00%, 07/01/30

     2,150        2,782,829  
    

 

 

  
       16,206,045  

Oregon — 0.6%

     

Oregon Health & Science University, Refunding RB, Series B, 5.00%, 07/01/35

     7,390        8,708,878  

Port of Morrow, Refunding GO

     

Series A, 4.00%, 06/01/30

     1,205        1,430,570  

Series D, 4.00%, 12/01/30

     880        1,050,268  
    

 

 

  
       11,189,716  

Pennsylvania — 17.8%

     

Allegheny County Hospital Development Authority, Refunding RB

     

Series A, 5.00%, 04/01/31

     3,075        3,770,888  

Series A, 5.00%, 04/01/34

     3,345        4,046,778  
Security  

Par

            (000)

                    Value  

Pennsylvania (continued)

     

Allegheny County Hospital Development Authority, Refunding RB (continued) Series A, 5.00%, 04/01/35

   $ 1,000      $ 1,205,495  

Allentown City School District Refunding GOL, Series B, (BAM, SAW), 5.00%, 02/01/31

     4,000        5,039,064  

Allentown Neighborhood Improvement Zone Development Authority Refunding RB(f)

     

5.00%, 05/01/29

     450        543,740  

5.00%, 05/01/30

     450        550,809  

Allentown Neighborhood Improvement Zone Development Authority, RB(d)

     

5.00%, 05/01/23

     335        348,512  

5.00%, 05/01/28

     835        1,009,638  

Allentown Neighborhood Improvement Zone Development Authority, Refunding RB

     

Series A, 5.00%, 05/01/27

     6,750        6,911,399  

Series A, 5.00%, 05/01/28

     5,000        5,119,550  

Series A, 5.00%, 05/01/29

     3,745        3,834,520  

Series A, 5.00%, 05/01/30

     5,300        5,426,649  

Bucks County Industrial Development Authority, RB

     

5.00%, 07/01/29

     555        677,674  

5.00%, 07/01/30

     700        867,783  

Chester County Health and Education Facilities Authority, Refunding RB

     

Series A, 5.00%, 12/01/30

     2,180        2,293,663  

Series A, 5.00%, 10/01/32

     1,450        1,778,624  

Series A, 5.00%, 10/01/33

     2,300        2,816,996  

Chester County Industrial Development Authority, SAB, 4.38%, 03/01/28(d)

     265        290,386  

City of Philadelphia Pennsylvania Airport Revenue, Refunding RB, Series A, 5.00%, 07/01/30

     5,000        6,491,350  

City of Philadelphia Pennsylvania, Refunding GO

     

(AGM), 5.00%, 08/01/30

     9,235        11,167,858  

(AGM), 4.00%, 08/01/32

     6,000        6,818,814  

Series A, 5.00%, 08/01/30

     4,500        5,496,939  

Clarion County Industrial Development Authority, Refunding RB, AMT, 2.45%, 12/01/39(b)

     4,200        4,507,436  

Commonwealth Financing Authority, RB, 5.00%, 06/01/32

     6,000        7,331,880  

Commonwealth of Pennsylvania, Refunding GO, 1st Series, 4.00%, 01/01/30

     7,000        8,097,845  

Cumberland County Municipal Authority, Refunding RB

     

5.00%, 01/01/25(a)

     645        736,978  

5.00%, 01/01/29

     1,080        1,217,992  

5.00%, 01/01/30

     2,250        2,535,066  

5.00%, 01/01/32

     1,510        1,745,243  

Dauphin County General Authority, Refunding RB, Series A, 4.00%, 06/01/31

     2,275        2,524,183  

Delaware County Authority, Refunding RB

     

5.00%, 07/01/28

     800        942,305  

5.00%, 07/01/29

     1,365        1,605,813  

5.00%, 07/01/30

     1,435        1,686,098  

East Hempfield Township Industrial Development Authority, RB(a)

     

5.00%, 07/01/23

     1,280        1,380,449  

5.00%, 07/01/25

     825        958,488  

Geisinger Authority, Refunding RB Series A-2, 5.00%, 02/15/32

     4,000        4,828,968  
 

 

 

7  

Schedule of Investments (unaudited) (continued)

October 31, 2021

   

BlackRock Municipal 2030 Target Term Trust (BTT)

(Percentages shown are based on Net Assets)

 

Security  

Par

            (000)

                    Value  

Pennsylvania (continued)

     

Geisinger Authority, Refunding RB (continued)
Series A-2, 5.00%, 02/15/34

   $ 1,750      $ 2,106,934  

Lancaster County Hospital Authority, Refunding RB, Series A, 3.00%, 08/15/30

     2,535        2,744,003  

Latrobe Industrial Development Authority, Refunding RB, 5.00%, 03/01/30

     150        178,791  

Montgomery County Higher Education and Health Authority, Refunding RB

     

4.00%, 09/01/34

     3,000        3,499,611  

4.00%, 09/01/35

     1,735        2,015,794  

4.00%, 09/01/36

     1,500        1,734,156  

Series A, 5.00%, 09/01/31

     1,750        2,170,593  

Series A, 5.00%, 09/01/32

     1,315        1,623,387  

Montgomery County Industrial Development Authority, Refunding RB

     

5.00%, 05/15/22(a)

     2,500        2,564,498  

5.00%, 01/01/30

     2,000        2,145,340  

Series A, 5.25%, 01/15/29

     3,250        3,716,232  

Northampton County General Purpose Authority, RB, Series A, 5.00%, 08/15/33

     12,660        13,603,600  

Northampton County General Purpose Authority, Refunding RB, 5.00%, 11/01/34

     5,400        6,585,235  

Pennsylvania Economic Development Financing Authority, RB

     

Series A-1, 5.00%, 04/15/30

     2,500        3,226,317  

AMT, 5.00%, 12/31/29

     5,000        5,930,640  

AMT, 5.00%, 12/31/30

     13,100        15,519,793  

AMT, 5.00%, 12/31/34

     16,500        19,463,301  

Pennsylvania Economic Development Financing Authority, Refunding RB, 5.00%, 03/15/31

     4,500        5,369,125  

Pennsylvania Higher Educational Facilities Authority, RB, Series AT-1, 5.00%, 06/15/30

     7,910        9,438,552  

Pennsylvania Higher Educational Facilities Authority, Refunding RB

     

5.00%, 05/01/30

     425        502,829  

5.00%, 05/01/31

     1,275        1,506,729  

4.00%, 05/01/32

     3,000        3,031,005  

5.00%, 05/01/32

     1,750        2,065,649  

5.00%, 05/01/33

     3,320        3,914,114  

5.00%, 05/01/35

     1,000        1,176,216  

Pennsylvania Housing Finance Agency, Refunding RB, Series 125A, AMT, 3.40%, 10/01/32

     9,000        9,524,718  

Pennsylvania Turnpike Commission, RB

     

Series B, 5.00%, 12/01/29

     800        1,031,384  

Series B, 5.00%, 12/01/30

     620        812,511  

Sub-Series B-1, 5.00%, 06/01/31

     3,000        3,647,913  

Sub-Series B-1, 5.00%, 06/01/32

     4,075        4,948,835  

Sub-Series B-1, 5.00%, 06/01/33

     4,000        4,850,804  

Pennsylvania Turnpike Commission, Refunding RB

     

2nd Series, 5.00%, 12/01/32

     1,000        1,225,107  

2nd Series, 5.00%, 12/01/35

     2,005        2,424,789  

2nd Sub Series, 5.00%, 12/01/33

     1,815        2,212,810  

2nd Sub Series, 5.00%, 12/01/34

     1,500        1,821,369  

Sub-Series B-2, (AGM), 5.00%, 06/01/34

     4,000        4,838,248  

Philadelphia Authority for Industrial Development, RB, 4.00%, 06/15/29

     350        374,841  
Security  

Par

            (000)

                    Value  

Pennsylvania (continued)

     

Philadelphia Gas Works Co., RB, Series A, (AGM), 5.00%, 08/01/30

   $ 800      $ 1,032,610  

Philadelphia Gas Works Co., Refunding RB, Series 14-T, 5.00%, 10/01/30

     425        507,824  

Pittsburgh Water & Sewer Authority, RB, Series B, (AGM), 5.00%, 09/01/30

     205        266,300  

Southeastern Pennsylvania Transportation Authority, RB, 5.00%, 06/01/30

     5,000        6,435,955  

State Public School Building Authority, RB, (SAW), 5.00%, 04/01/22(a)

     23,630        24,101,205  

Wayne County Hospital & Health Facilities Authority, RB

     

Series A, (GTD), 5.00%, 07/01/31

     460        558,257  

Series A, (GTD), 4.00%, 07/01/33

     440        489,917  

West Cornwall Township Municipal Authority, Refunding RB

     

Series A, 4.00%, 11/15/27

     130        147,116  

Series A, 4.00%, 11/15/28

     105        119,842  

Series A, 4.00%, 11/15/29

     140        159,767  

Series A, 4.00%, 11/15/30

     190        218,182  

Series A, 4.00%, 11/15/31

     200        229,646  

Westmoreland County Municipal Authority, Refunding RB

     

(BAM), 5.00%, 08/15/27

     1,500        1,737,992  

(BAM), 5.00%, 08/15/31

     5,000        6,072,200  

(BAM), 5.00%, 08/15/32

     17,945        21,761,327  
    

 

 

  
       333,989,786  

Puerto Rico(c) — 4.5%

     

Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue, RB, CAB

     

Series A-1, Restructured, 0.00%, 07/01/29

     14,055        12,263,943  

Series A-1, Restructured, 0.00%, 07/01/31

     38,523        30,842,438  

Series A-1, Restructured, 0.00%, 07/01/33

     43,149        31,927,240  

Series B-1, Restructured, 0.00%, 07/01/31

     5,755        4,622,687  

Series B-1, Restructured, 0.00%, 07/01/33

     6,477        4,774,682  
    

 

 

  
       84,430,990  

Rhode Island — 1.2%

     

Rhode Island Health and Educational Building Corp., Refunding RB, 5.00%, 05/15/30

     1,500        1,742,505  

Rhode Island Housing and Mortgage Finance Corp., RB, S/F Housing, Series 68-B, 3.00%, 10/01/31

     8,365        8,674,781  

Tobacco Settlement Financing Corp., Refunding RB

     

Series A, 5.00%, 06/01/28

     2,750        3,107,327  

Series A, 5.00%, 06/01/29

     4,500        5,079,920  

Series A, 5.00%, 06/01/30

     4,215        4,753,546  
    

 

 

  
       23,358,079  

South Carolina — 0.8%

     

South Carolina Jobs-Economic Development Authority, Refunding RB, Series A, 5.00%, 05/01/35

     10,000        12,061,030  

South Carolina Public Service Authority, Refunding RB, Series A, 5.00%, 12/01/31

     2,800        3,641,422  
    

 

 

  
       15,702,452  

Tennessee — 0.6%

     

Chattanooga Health Educational & Housing Facility Board, Refunding RB, Series A, 4.00%, 08/01/36

     2,000        2,318,930  
 

 

 

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

   8

Schedule of Investments (unaudited) (continued)

October 31, 2021

   

BlackRock Municipal 2030 Target Term Trust (BTT)

(Percentages shown are based on Net Assets)

 

Security  

Par

            (000)

                    Value  

Tennessee (continued)

     

Chattanooga-Hamilton County Hospital Authority, Refunding RB, Series A, 5.00%, 10/01/31

   $ 6,210      $ 6,944,823  

Memphis-Shelby County Industrial Development Board, Refunding TA, Series A, 4.75%, 07/01/27

     480        470,352  

Metropolitan Government Nashville & Davidson County Health & Educational Facilities Board, RB, Series A, 5.00%, 07/01/31

     1,300        1,526,742  
    

 

 

  
       11,260,847  

Texas — 12.6%

     

Arlington Higher Education Finance Corp., RB, 4.00%, 06/15/31

     3,260        3,366,820  

Central Texas Regional Mobility Authority, RB, Series A, Senior Lien, 5.00%, 07/01/25(a)

     4,275        4,964,502  

Central Texas Turnpike System, RB

     

Series C, 5.00%, 08/15/32

     12,500        13,990,687  

Series C, 5.00%, 08/15/33

     14,000        15,658,202  

City of Austin Texas Water & Wastewater System Revenue, Refunding RB, Series C, 5.00%, 11/15/30

     900        1,183,076  

City of Houston Texas Airport System Revenue, Refunding RB

     

Sub-Series D, 5.00%, 07/01/33

     7,000        8,622,635  

Sub-Series A, AMT, 5.00%, 07/01/30

     1,200        1,537,774  

City of Houston Texas Combined Utility System Revenue, Refunding RB

     

Series B, 1st Lien, 5.25%, 11/15/33

     4,000        4,854,240  

Series B, 1st Lien, 5.00%, 11/15/34

     7,315        8,759,822  

Clifton Higher Education Finance Corp., RB, 6.00%, 08/15/33

     1,650        1,805,039  

Clifton Higher Education Finance Corp., Refunding RB

     

Series A, 3.10%, 12/01/22

     325        329,516  

Series A, (PSF), 4.00%, 08/15/31

     1,250        1,431,531  

Series A, 3.95%, 12/01/32

     1,800        1,858,793  

Series A, (PSF), 4.00%, 08/15/33

     1,200        1,366,348  

County of Harris Texas, Refunding RB, Series C, Senior Lien, 4.00%, 08/15/33

     12,325        12,659,094  

County of Nueces Texas, Refunding GO

     

4.00%, 02/15/33

     1,165        1,377,778  

4.00%, 02/15/35

     725        853,002  

Dallas Fort Worth International Airport, Refunding RB, 5.00%, 11/01/32

     5,000        6,429,330  

DeSoto Independent School District Refunding GO, (PSF), 5.00%, 08/15/30

     4,030        5,148,184  

Harris County Cultural Education Facilities Finance Corp., RB

     

Series B, 5.75%, 01/01/28

     500        526,804  

Series B, 6.38%, 01/01/33

     460        487,414  

Harris County Cultural Education Facilities Finance Corp., Refunding RB

     

Series A, 5.00%, 06/01/28

     1,150        1,217,926  

Series A, 5.00%, 01/01/33

     1,090        1,137,628  

Series A, 5.00%, 06/01/33

     3,000        3,172,908  

Leander Independent School District, Refunding GO, CAB(c)

     

Series D, (PSF), 0.00%, 08/15/31

     1,200        840,241  

Series D, (PSF), 0.00%, 08/15/32

     2,000        1,366,478  

Series D, (PSF), 0.00%, 08/15/33

     4,485        2,912,151  
Security  

Par

            (000)

                    Value  

Texas (continued)

     

Matagorda County Navigation District No.1, Refunding RB

     

Series A, (AMBAC), 4.40%, 05/01/30

   $ 26,120      $ 31,211,101  

Series B-2, 4.00%, 06/01/30

     12,995        13,589,989  

Series B, AMT, (AMBAC), 4.55%, 05/01/30

     10,000        12,065,380  

Midland County Fresh Water Supply District No.1, RB, CAB(c)

     

Series A, 0.00%, 09/15/31

     6,235        4,641,091  

Series A, 0.00%, 09/15/32

     15,135        10,705,848  

Mission Economic Development Corp., Refunding RB, AMT, Senior Lien, 4.63%, 10/01/31(d)

     3,805        3,998,865  

New Hope Cultural Education Facilities Finance Corp., RB(d)

     

Series A, 3.63%, 08/15/22

     100        99,999  

Series A, 4.25%, 08/15/27

     450        449,406  

Series A, 4.00%, 08/15/29

     335        379,692  

Red River Health Facilities Development Corp., RB

     

4.70%, 01/01/22(e)

     140        141,019  

5.50%, 01/01/32

     1,000        1,005,934  

Socorro Independent School District, Refunding GO, Series B, ( PSF), 4.00%, 08/15/34

     3,000        3,455,727  

Tarrant County Cultural Education Facilities Finance Corp., RB

     

Series A, 4.00%, 05/15/23(a)

     20,920        22,103,046  

Series B, 5.00%, 07/01/35

     6,000        7,380,744  

Tarrant County Cultural Education Facilities Finance Corp., Refunding RB, Series A-1, 5.00%, 10/01/29

     1,000        1,118,036  

Texas Municipal Gas Acquisition & Supply Corp. III, Refunding RB, 5.00%, 12/15/30

     10,935        13,900,266  

Texas Public Finance Authority, Refunding RB, 4.00%, 12/01/31

     1,650        1,890,514  

Texas Transportation Commission State Highway Fund, Refunding RB, 5.00%, 10/01/22

     1,000        1,043,700  
    

 

 

  
       237,038,280  

Utah — 0.3%

     

Utah Transit Authority, Refunding RB, Subordinate, 4.00%, 12/15/31

     5,000        5,659,820  
    

 

 

  

Virginia — 0.6%

     

Dulles Town Center Community Development Authority, Refunding SAB, 4.25%, 03/01/26

     500        502,128  

Fairfax County Economic Development Authority, RB, Series A, 5.00%, 12/01/23(a)

     2,000        2,194,682  

Hanover County Economic Development Authority, Refunding RB

     

Series A, 4.50%, 07/01/30

     3,000        3,048,459  

Series A, 4.50%, 07/01/32

     1,100        1,116,865  

Virginia Small Business Financing Authority, RB, AMT, Senior Lien, 5.00%, 07/01/34

     3,940        3,967,194  
    

 

 

  
       10,829,328  

Washington — 2.1%

     

Greater Wenatchee Regional Events Center Public Facilities District, Refunding RB(a)

     

Series A, 5.00%, 09/01/22

     1,000        1,039,714  

Series A, 5.25%, 09/01/22

     655        682,371  

Port of Seattle Washington, ARB

     

Series C, AMT, Intermediate Lien, 5.00%, 05/01/33

     6,695        8,019,157  

Series C, AMT, Intermediate Lien, 5.00%, 05/01/34

     6,000        7,177,644  

Washington Health Care Facilities Authority, Refunding RB, Series B, 5.00%, 08/15/35

     9,485        11,564,122  
 

 

 

9  

Schedule of Investments (unaudited) (continued)

October 31, 2021

   

BlackRock Municipal 2030 Target Term Trust (BTT)

(Percentages shown are based on Net Assets)

 

Security  

Par

            (000)

                    Value  

Washington (continued)

     

Washington State Convention Center Public Facilities District, RB, 4.00%, 07/01/31

   $ 4,990      $ 5,734,538  

Washington State Housing Finance Commission, Refunding RB

     

5.00%, 07/01/28

     1,000        1,070,651  

5.00%, 07/01/33

     1,100        1,175,944  

WBRP 3.2, RB

     

Series A, 5.00%, 01/01/31

     1,000        1,157,642  

Series A, 5.00%, 01/01/32

     1,140        1,318,429  
    

 

 

  
       38,940,212  

West Virginia — 0.2%

     

West Virginia Hospital Finance Authority, RB

     

Series A, 5.00%, 06/01/31

     1,950        2,368,279  

Series A, 5.00%, 06/01/33

     1,100        1,332,033  
    

 

 

  
       3,700,312  

Wisconsin — 2.4%

     

Public Finance Authority, RB

     

4.00%, 06/15/30(d)

     1,520        1,607,886  

5.00%, 01/01/31(d)

     650        714,509  

5.00%, 06/15/31(d)

     720        800,867  

4.00%, 10/01/41(b)

     7,000        8,458,702  

Series A, 4.00%, 07/15/29(d)

     645        702,315  

Series A, 4.00%, 03/01/30(d)

     1,305        1,395,768  

Series A, 3.75%, 06/01/30(d)

     345        363,204  

Public Finance Authority, Refunding RB

     

3.00%, 12/01/26

     250        269,615  

4.00%, 09/01/29(d)

     400        414,138  

AMT, 2.63%, 11/01/25

     3,000        3,194,127  

Series B, AMT, 5.25%, 07/01/28

     2,250        2,316,022  

Wisconsin Health & Educational Facilities Authority, Refunding RB

     

4.00%, 10/01/32

     4,520        4,664,654  

5.00%, 04/01/35

     2,500        3,099,505  

Series C-4, 0.69%, 08/15/54(b)

     8,200        8,402,614  

Wisconsin Housing & Economic Development Authority, RB, S/F Housing, Series D, (FNMA), 3.00%, 09/01/32

     9,000        9,301,401  
    

 

 

  
       45,705,327  
    

 

 

  

Total Municipal Bonds — 128.1%
(Cost: $2,228,411,600)

        2,406,228,586  
    

 

 

  

Municipal Bonds Transferred to Tender Option Bond Trusts(h)

 

Colorado(i) — 4.4%

     

City & County of Denver Colorado Airport System Revenue, Refunding ARB

     

Series A, AMT, 4.25%, 11/15/29(a)

     33,820        35,208,748  

Series A, AMT, 4.25%, 11/15/30(a)

     35,210        36,655,826  
Security  

Par

            (000)

                    Value  

Colorado (continued)

     

City & County of Denver Colorado Airport System Revenue, Refunding ARB (continued)

     

Series A, AMT, 4.25%, 11/15/31

   $ 8,085      $ 8,416,994  

Series A, AMT, 4.25%, 11/15/32

     2,230        2,321,570  
    

 

 

  
       82,603,138  

Florida(i) — 5.2%

     

County of Broward Florida Airport System Revenue, ARB

     

Series Q-1, 4.00%, 10/01/29

     17,200        17,768,652  

Series Q-1, 4.00%, 10/01/30

     18,095        18,693,244  

Series Q-1, 4.00%, 10/01/31

     18,820        19,442,213  

Series Q-1, 4.00%, 10/01/32

     19,575        20,222,174  

Series Q-1, 4.00%, 10/01/33

     20,355        21,027,962  
    

 

 

  
       97,154,245  

Iowa(a) — 2.3%

     

State of Iowa Board of Regents, RB

     

4.00%, 09/01/28

     3,375        3,478,856  

4.00%, 09/01/29

     6,525        6,725,787  

4.00%, 09/01/30

     6,325        6,519,633  

4.00%, 09/01/31

     8,650        8,916,178  

4.00%, 09/01/32

     7,750        7,988,483  

4.00%, 09/01/33

     9,375        9,663,488  
    

 

 

  
       43,292,425  

Nevada — 1.1%

     

County of Clark Nevada, Refunding GO, Series B, 4.00%, 11/01/34

     17,710        20,058,476  
    

 

 

  

New Jersey — 1.9%

     

State of New Jersey, GO, Series A, 4.00%, 06/01/30

     30,000        35,923,300  
    

 

 

  

Pennsylvania — 2.5%

     

Commonwealth of Pennsylvania, GO,
1st Series, 5.00%, 03/01/32(i)

     20,000        24,686,230  

County of Lehigh Pennsylvania, Refunding RB, 4.00%, 07/01/33

     22,285        22,810,650  
    

 

 

  
       47,496,880  

Texas(i) — 4.4%

     

San Antonio Public Facilities Corp., Refunding RB

     

4.00%, 09/15/30

     15,000        15,468,862  

4.00%, 09/15/31

     19,475        20,083,740  

4.00%, 09/15/32

     18,075        18,639,979  

4.00%, 09/15/33

     11,000        11,343,832  
 

 

 

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

   10

Schedule of Investments (unaudited) (continued)

October 31, 2021

   

BlackRock Municipal 2030 Target Term Trust (BTT)

(Percentages shown are based on Net Assets)

 

Security  

Par

            (000)

                    Value  

Texas (continued)

     

San Antonio Public Facilities Corp., Refunding RB (continued)

     

4.00%, 09/15/34

   $ 11,885      $ 12,256,495  

4.00%, 09/15/35

     4,500        4,640,659  
    

 

 

  
       82,433,567  
    

 

 

  

Total Municipal Bonds Transferred to Tender Option Bond Trusts — 21.8%
(Cost: $394,099,034)

 

      408,962,031  
    

 

 

  

Total Long-Term Investments — 149.9%
(Cost: $2,622,510,634)

 

      2,815,190,617  
    

 

 

  
     Shares          

Short-Term Securities

     

Money Market Funds — 1.2%

     

BlackRock Liquidity Funds, MuniCash, Institutional Class, 0.01%(j)(k)

     21,701,377        21,703,547  
    

 

 

  

Total Short-Term Securities — 1.2%
(Cost: $21,700,214)

 

      21,703,547  
  

 

 

  

Total Investments — 151.1%
(Cost: $2,644,210,848)

 

      2,836,894,164  

Other Assets Less Liabilities — 1.2%

 

      23,822,603  

Liability for TOB Trust Certificates, Including Interest Expense and Fees Payable — (12.4)%

 

      (233,260,441 ) 

RVMTP Shares at Liquidation Value, Net of Deferred Offering Costs — (39.9)%

 

      (749,713,156 ) 
  

 

 

  

Net Assets Applicable to Common Shares — 100.0%

 

    $ 1,877,743,170  
    

 

 

  

 

 

(a) 

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.

(b) 

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.

(c) 

Zero-coupon bond.

(d) 

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.

(e) 

Security is collateralized by municipal bonds or U.S. Treasury obligations.

(f) 

When-issued security.

(g) 

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.

(h) 

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.

(i) 

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 March 15, 2022 to March 1, 2026, is $171,383,041.

(j) 

Affiliate of the Trust.

(k) 

Annualized 7-day yield as of period end.

 

 

Affiliates

Investments in issuers considered to be affiliate(s) of the Trust during the period ended October 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

07/31/21

     

Purchases

at Cost

     

Proceeds

from Sales

    

Net

Realized

Gain (Loss)

     

Change in

Unrealized

Appreciation

(Depreciation)

    

Value at

10/31/21

     

Shares

Held at

10/31/21

      Income     

Capital Gain

Distributions

from

Underlying

Funds

  

BlackRock Liquidity Funds, MuniCash, Institutional Class

   $ 50,951,950      $ —      $ (29,245,369 )(a)    $ 2,060      $ (5,094 )    $ 21,703,547        21,701,377      $ 567      $ —  
         

 

 

     

 

 

    

 

 

        

 

 

     

 

 

  

(a)   Represents net amount purchased (sold).

    

              

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 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); and

 

 

11  

Schedule of Investments (unaudited) (continued)

October 31, 2021

    BlackRock Municipal 2030 Target Term Trust (BTT)

 

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 Trust’s policy regarding valuation of financial instruments, refer to its most recent financial statements.

The following table summarizes the Trust’s financial instruments categorized in the fair value hierarchy. The breakdown of the Trust’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

   $ —      $ 2,406,228,586     $ —      $   2,406,228,586    
 

Municipal Bonds Transferred to Tender Option Bond Trusts

     —        408,962,031       —        408,962,031    
 

Short-Term Securities

            
 

Money Market Funds

     21,703,547        —       —        21,703,547    
   

 

 

     

 

 

    

 

 

     

 

 

    
    $     21,703,547      $   2,815,190,617     $                 —      $ 2,836,894,164    
   

 

 

     

 

 

    

 

 

     

 

 

    

 

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 fair value hierarchy as follows:

 

 

         Level 1      Level 2     Level 3      Total        
 

Liabilities

            
 

TOB Trust Certificates

   $ —      $ (233,219,979 )    $ —      $ (233,219,979 )   
 

RVMTP Shares at Liquidation Value

     —        (750,000,000 )      —        (750,000,000 )   
   

 

 

     

 

 

    

 

 

     

 

 

    
    $                     —      $ (983,219,979 )    $                     —      $ (983,219,979 )   
   

 

 

     

 

 

    

 

 

     

 

 

    

 

Portfolio Abbreviation

AGM

  

Assured Guaranty Municipal Corp.

AMBAC

  

AMBAC Assurance Corp.

AMT

  

Alternative Minimum Tax

ARB

  

Airport Revenue Bonds

BAM

  

Build America Mutual Assurance Co.

CAB

  

Capital Appreciation Bonds

COP

  

Certificates of Participation

FNMA

  

Federal National Mortgage Association

GO

  

General Obligation Bonds

GOL

  

General Obligation Ltd.

GTD

  

GTD Guaranteed

M/F

  

Multi-Family

NPFGC

  

National Public Finance Guarantee Corp.

PSF

  

Permanent School Fund

RB

  

Revenue Bond

S/F

  

Single-Family

SAB

  

Special Assessment Bonds

 

Portfolio Abbreviation (continued)

SAP

  

Subject to Appropriations

SAW

  

State Aid Withholding

ST

  

Special Tax

TA

  

Tax Allocation

 

 

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

   12