NPORT-EX 2 NPORT_89R7_99333140_0422.htm BlackRock Municipal 2030 Target Term Trust

Schedule of Investments (unaudited) 

April 30, 2022

   

BlackRock Municipal 2030 Target Term Trust (BTT)

(Percentages shown are based on Net Assets)

 

Security  

Par

(000)

     Value  

Municipal Bonds

    
Alabama — 4.4%  

Alabama Economic Settlement Authority, RB, Series A, 4.00%, 09/15/33.

   $ 5,000     $ 5,194,455  

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

    3,500       3,921,592  

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

     11,900       13,859,287  

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

         10,000           10,625,790  

Birmingham-Jefferson Civic Center Authority, ST

    

Series A, 5.00%, 07/01/31

     1,100       1,212,578  

Series A, 5.00%, 07/01/32

     1,150       1,264,579  

Series A, 5.00%, 07/01/33

     1,600       1,755,475  

Black Belt Energy Gas District, RB, 4.00%, 10/01/52(b)

    12,025       12,220,202  

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

    8,930       9,171,235  

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

   

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

     7,375       4,500,240  

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

     6,295       3,570,398  

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

     1,275       672,930  

Homewood Educational Building Authority, Refunding RB

    

Series A, 5.00%, 12/01/33

     1,010       1,083,517  

Series A, 5.00%, 12/01/34

     1,380       1,476,193  

Orange Beach Water Sewer & Fire Protection Authority, RB, 4.00%, 05/15/30(d)

    510       537,821  

University of South Alabama, Refunding RB

    

(AGM), 5.00%, 11/01/29

     1,105       1,207,047  

(AGM), 5.00%, 11/01/30

     2,000       2,181,022  
   

 

 

  
      74,454,361  
Arizona — 1.6%            

Arizona Health Facilities Authority, Refunding RB, Series B, 5.00%, 02/01/33

     1,810       1,843,436  

Arizona Industrial Development Authority, RB(e)

    

4.00%, 07/01/29

     705       710,942  

4.50%, 07/01/29

     765       766,419  

4.00%, 07/01/30

     685       670,060  

Series A, 4.00%, 07/01/29

     4,135       4,021,945  

Industrial Development Authority of the City of Phoenix, RB

    

6.00%, 07/01/23(f)

    190       195,408  

Series A, 4.50%, 07/01/22

     105       105,196  

Series A, 5.75%, 07/01/24(e)

    475       484,076  

Series A, 5.00%, 07/01/33

     1,000       1,000,349  

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

     6,000       6,038,964  

Maricopa County Industrial Development Authority, Refunding RB

    

4.00%, 07/01/29(e)

    855       831,006  

Series A, 5.00%, 01/01/31

     10,000       10,805,700  
   

 

 

  
      27,473,501  
California — 8.5%            

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

    10,530       7,867,984  
Security  

Par

(000)

     Value  
California (continued)            

Bay Area Toll Authority, Refunding RB, 1.17%, 04/01/56(b)

  $     3,250     $     3,187,155  

California Community Choice Financing Authority, RB, Series A, 4.00%, 10/01/52(b)

    8,650       8,841,788  

California Health Facilities Financing Authority, RB

    

Series A, 5.00%, 11/15/32

     1,600       1,756,638  

Series A, 5.00%, 11/15/33

     1,855       2,028,940  

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

     3,696       3,619,758  

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

     4,000       4,216,160  

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

     2,500       2,518,905  

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

     1,000       1,018,548  

California Municipal Finance Authority, Refunding RB

    

Series A, 5.00%, 07/01/30

     1,200       1,292,009  

Series A, 5.00%, 07/01/31

     1,050       1,126,774  

California School Finance Authority, RB(e)
5.00%, 06/01/30

     565       583,314  

Series A, 5.00%, 06/01/29

     290       292,933  

Series A, 4.00%, 06/01/31

     265       260,743  

Series A, 5.00%, 06/01/32

     1,100       1,133,459  

City of Long Beach California Harbor Revenue, ARB

    

Series A, AMT, 5.00%, 05/15/31

     1,200       1,307,476  

Series A, AMT, 5.00%, 05/15/32

     1,800       1,950,889  

Series A, AMT, 5.00%, 05/15/33

     675       727,044  

Series A, AMT, 5.00%, 05/15/34

     1,650       1,771,212  

Compton Unified School District, GO, CAB(c)

   

Series B, (BAM), 0.00%, 06/01/33

     1,000       656,828  

Series B, (BAM), 0.00%, 06/01/34

     1,125       708,265  

Series B, (BAM), 0.00%, 06/01/35

     1,000       601,521  

Series B, (BAM), 0.00%, 06/01/36

     1,000       574,839  

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

   

Series C, 0.00%, 08/01/30

     9,090       6,945,378  

Series C, 0.00%, 08/01/31

         12,465       9,129,565  

Series C, 0.00%, 08/01/32

     17,435           12,216,303  

Golden State Tobacco Securitization Corp., Refunding RB, Series A-1, 5.00%, 06/01/27(a)

    14,500       16,063,897  

Los Angeles Unified School District, GO, Series A, Election 2008, 4.00%, 07/01/33

     3,000       3,079,341  

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

    

0.00%, 08/01/30

     3,500       2,601,882  

0.00%, 08/01/31

     5,940       4,236,046  

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

     2,350       2,631,293  

Norman Y Mineta San Jose International Airport SJC, Refunding RB

    

Series A, AMT, 5.00%, 03/01/30

     500       535,413  

Series A, AMT, 5.00%, 03/01/31

     1,500       1,599,063  

Series A, AMT, 5.00%, 03/01/32

     1,000       1,059,853  

Series A, AMT, 5.00%, 03/01/33

     975       1,028,089  

Series A, AMT, 5.00%, 03/01/34

     1,250       1,315,751  

Series A, AMT, 5.00%, 03/01/35

     2,000       2,104,240  

Poway Unified School District, GO(c)

   

Series A, 0.00%, 08/01/30

     10,000       7,649,840  

Series A, 0.00%, 08/01/32

     12,500       8,749,625  
 

 

 

1  

Schedule of Investments (unaudited) (continued)

April 30, 2022

   

BlackRock Municipal 2030 Target Term Trust (BTT)

(Percentages shown are based on Net Assets)

 

Security  

Par

(000)

     Value  
California (continued)            

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

   $ 1,000     $ 1,056,795  

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

         10,000       11,098,720  

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

     750       728,337  
   

 

 

  
        141,872,613  
Colorado — 3.7%            

Aspen Valley Hospital District, Refunding GO, 5.00%, 12/01/30

     620       720,253  

Central Platte Valley Metropolitan District, GO

    

Series A, 5.13%, 12/01/29

     700       720,059  

Series A, 5.50%, 12/01/29

     750       775,783  

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

     25,000       26,736,300  

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

    1,000       734,293  

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

    1,185       1,120,790  

Colorado Health Facilities Authority, RB, Series B, 2.63%, 05/15/29

     1,850       1,700,405  

Colorado Health Facilities Authority, Refunding RB

    

4.00%, 05/15/26(a)

    2,860       3,020,011  

Series A, 5.00%, 12/01/22(a)

    3,000       3,054,555  

Series A, 4.00%, 08/01/37

     3,000       2,964,921  

E-470 Public Highway Authority, Refunding RB, Series B, 0.89%, 09/01/39(b)

    1,475       1,435,320  

Park Creek Metropolitan District, Refunding RB

    

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

     1,500       1,602,844  

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

     1,500       1,602,195  

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

     1,350       1,438,688  

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

     1,500       1,596,566  

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

    

4.00%, 12/01/23

     1,000       1,000,313  

4.10%, 12/01/24

     5,080       5,073,493  

4.20%, 12/01/25

     5,280       5,273,521  

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

    481       500,378  
   

 

 

  
      61,070,688  
Connecticut — 0.8%            

Capital Region Development Authority, Refunding RB

    

(SAP), 5.00%, 06/15/30

     1,095       1,207,575  

(SAP), 5.00%, 06/15/31

     1,125       1,236,301  

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

    370       392,859  

Connecticut State Health & Educational Facilities Authority, Refunding RB

    

Series G-1, 5.00%, 07/01/27(e)

    225       245,961  

Series G-1, 5.00%, 07/01/28(e)

    300       331,761  

Series G-1, 5.00%, 07/01/29(e)

    300       334,868  

Series G-1, 5.00%, 07/01/30(e)

    300       333,772  

Series G-1, 5.00%, 07/01/32(e)

    425       470,279  

Series G-1, 5.00%, 07/01/34(e)

    355       390,974  

Series I-1, 5.00%, 07/01/35

     400       427,443  

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

     7,000       7,675,402  
   

 

 

  
      13,047,195  
Delaware — 0.9%            

County of Kent Delaware, RB
Series A, 4.00%, 07/01/22

     230       230,554  
Security  

Par

(000)

     Value  
Delaware (continued)            

County of Kent Delaware, RB (continued)

    

Series A, 5.00%, 07/01/24.

   $ 705     $ 735,783  

Series A, 5.00%, 07/01/25.

     805       852,361  

Series A, 5.00%, 07/01/26

     850       912,301  

Series A, 5.00%, 07/01/27

     890       965,384  

Series A, 5.00%, 07/01/28

     935       1,018,041  

Delaware State Economic Development Authority, Refunding RB(b)

   

Series A, 1.25%, 10/01/45

         6,035       5,664,354  

Series B, 1.25%, 10/01/40

     500       469,292  

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

     1,250       1,309,571  

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

     2,000       2,303,868  
   

 

 

  
          14,461,509  
District of Columbia — 0.9%            

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

    1,700       1,768,899  

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

     12,325       13,623,229  
   

 

 

  
      15,392,128  
Florida — 8.1%            

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

     1,000       1,104,073  

Capital Trust Agency, Inc., RB(e)

   

Series A, 4.00%, 06/15/29

     1,735       1,696,405  

Series A-1, 3.38%, 07/01/31

     1,810       1,753,362  

Central Florida Expressway Authority, Refunding RB

    

Senior Lien, 5.00%, 07/01/32

     1,610       1,793,880  

Senior Lien, 5.00%, 07/01/33

     2,750       3,051,276  

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

     3,750       4,100,059  

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

     10,000       10,034,290  

County of Broward Florida, RB, Series A, AMT, (AGM), 5.00%, 04/01/23(a)

    1,340       1,373,384  

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

     5,000       5,567,680  

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

     6,690       6,877,340  

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

    1,000       1,048,825  

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

   

Series B, 0.00%, 06/01/30

     2,000       1,552,120  

Series B, 0.00%, 06/01/31

     1,295       965,619  

Series B, 0.00%, 06/01/32

     2,495       1,783,613  

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

     1,200       1,214,508  

Florida Development Finance Corp., RB

    

AMT, 5.00%, 05/01/29(e)

    7,430       7,556,109  

AMT, 3.00%, 06/01/32

     3,000       2,734,728  

Florida Development Finance Corp., Refunding RB
4.00%, 06/01/24

     105       103,987  

4.00%, 06/01/25

     100       98,112  

4.00%, 06/01/26

     110       106,730  

4.00%, 09/15/30(e)

    470       466,904  
 

 

 

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)

April 30, 2022

   

BlackRock Municipal 2030 Target Term Trust (BTT)

(Percentages shown are based on Net Assets)

 

Security  

Par

(000)

     Value  
Florida (continued)            

Hillsborough County Aviation Authority, ARB, AMT, 5.00%, 10/01/30

   $     2,325     $ 2,598,515  

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

    9,445       9,572,291  

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

    540       510,315  

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

     375       358,322  

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

     985       943,159  

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

     1,000       1,051,385  

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

         11,470       13,053,548  

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

     410       423,264  

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

     16,805       18,128,696  

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

    3,825       3,950,039  

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

     1,000       974,836  

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

     9,000       9,610,416  

St. Johns County Industrial Development Authority, Refunding RB
4.00%, 12/15/28

     200       198,885  

4.00%, 12/15/29

     215       212,912  

4.00%, 12/15/30

     195       192,277  

4.00%, 12/15/31

     205       201,218  

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

     520       512,851  

Village Community Development District No.10, SAB
4.50%, 05/01/23

     375       375,000  

5.00%, 05/01/32

     5,055       5,055,000  

Village Community Development District No.5, Refunding SAB
3.50%, 05/01/28

     4,885       4,909,074  

4.00%, 05/01/33

     940       945,215  

4.00%, 05/01/34

     2,075       2,084,933  

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

     5,225       5,225,000  
   

 

 

  
        136,070,155  
Georgia — 3.1%            

Georgia Ports Authority, ARB, 5.00%, 07/01/30

     1,175       1,358,630  

Main Street Natural Gas, Inc., RB

    

Series A, 5.00%, 05/15/29

     1,250       1,350,916  

Series A, 5.00%, 05/15/30

     8,000       8,637,120  

Series A, 4.00%, 07/01/52(b)

    3,500       3,597,997  

Series A, 4.00%, 09/01/52(b)

    15,000       15,276,390  

Series C, 4.00%, 05/01/52(b)

    5,360       5,460,061  

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

     8,000       8,654,600  

Municipal Electric Authority of Georgia, Refunding RB

    

Series A, 5.00%, 01/01/29

     2,000       2,226,382  

Series A, 5.00%, 01/01/30

     1,905       2,138,799  
Security  

Par

(000)

     Value  
Georgia (continued)            

Municipal Electric Authority of Georgia, Refunding RB (continued)

    

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

   $ 1,200     $ 1,335,829  

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

     1,250       1,403,411  
   

 

 

  
          51,440,135  
Guam — 0.2%            

Territory of Guam, Refunding RB

    

Series A, 5.00%, 11/01/30

     500       530,757  

Series F, 5.00%, 01/01/30

     1,160       1,202,516  

Series F, 5.00%, 01/01/31

     1,250       1,295,300  
   

 

 

  
      3,028,573  
Idaho — 0.0%            

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

    185       191,241  
   

 

 

  
Illinois — 15.9%            

Chicago Board of Education, Refunding GO

    

Series C, 5.00%, 12/01/22

         14,830       15,061,407  

Series C, 5.00%, 12/01/30

     7,025       7,406,556  

Series F, 5.00%, 12/01/22

     4,760       4,834,275  

Chicago Housing Authority, RB, M/F Housing

    

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

     3,000       3,203,370  

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

     1,500       1,604,750  

Chicago Midway International Airport, Refunding ARB,

    

Series A, AMT, 2nd Lien, 5.00%, 01/01/33

     5,000       5,159,530  

Chicago O’Hare International Airport, Refunding RB

    

Series B, AMT, 4.00%, 01/01/27

     5,000       5,005,655  

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

     6,000       6,418,272  

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

     3,000       3,226,769  

City of Chicago Illinois Wastewater Transmission Revenue, RB
2nd Lien, 4.00%, 01/01/31

     10,375       10,384,514  

2nd Lien, 4.00%, 01/01/32

     10,790       10,794,057  

2nd Lien, 4.00%, 01/01/33

     11,220       11,223,691  

2nd Lien, 4.00%, 01/01/35

     9,135       9,137,329  

City of St. Charles Illinois, Refunding GO,
4.00%, 12/01/22(a)

    3,335       3,378,372  

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

     19,750       19,905,156  

Illinois Finance Authority, Refunding RB
5.00%, 08/15/30

     4,515       5,102,307  

Series A, 4.00%, 11/01/24

     425       425,760  

Series A, 5.00%, 11/01/26

     460       477,343  

Series A, 5.00%, 11/01/28

     1,745       1,824,853  

Series A, 5.00%, 11/01/29

     1,840       1,930,213  

Series A, 5.00%, 10/01/30

     1,000       1,101,000  

Series A, 5.00%, 11/01/30

     1,935       2,026,440  

Series A, 5.00%, 11/15/31

     8,415       8,908,489  

Series A, 4.00%, 10/01/32

     1,000       1,041,785  

Series A, 5.00%, 11/15/32

     2,075       2,186,824  

Series A, 4.00%, 02/01/33

     11,000       11,046,783  

Series A, 5.00%, 11/15/33

     2,125       2,230,602  

Series B, 5.00%, 08/15/30

     3,205       3,438,375  

Series B, 1.46%, 05/01/42(b)

    1,750       1,712,720  

Series C, 5.00%, 02/15/30

     12,000       13,102,308  

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

       20,000       20,479,160  
 

 

 

3  

Schedule of Investments (unaudited) (continued)

April 30, 2022

   

BlackRock Municipal 2030 Target Term Trust (BTT)

(Percentages shown are based on Net Assets)

 

Security   Par
        (000)		     Value  
Illinois (continued)            

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

   $ 6,350     $ 6,914,940  

Metropolitan Pier & Exposition Authority, Refunding RB

    

5.00%, 12/15/28

     1,200       1,275,695  

5.00%, 12/15/30

     1,385       1,464,449  

Sales Tax Securitization Corp., Refunding RB, Series A, 2nd Lien, 5.00%, 01/01/30

         10,000       11,169,350  

State of Illinois, GO

    

Series A, 5.00%, 12/01/26

     10,805       11,489,767  

Series A, 5.00%, 12/01/28

     9,950       10,712,986  

Series A, 5.00%, 03/01/32

     1,500       1,609,422  

Series A, 4.00%, 03/01/41

     335       314,043  

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

     7,000       7,518,574  

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

    370       354,689  

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

    

4.00%, 02/01/29

     9,080       9,170,074  

4.00%, 02/01/30

     9,835       9,930,537  
   

 

 

  
        265,703,191  
Indiana — 2.9%            

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

     10,000       11,167,090  

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

     645       671,006  

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

    5,500       5,611,826  

Indiana Finance Authority, Refunding RB
1.06%, 03/01/39(b)

    1,050       1,023,517  

Series A, 4.00%, 05/01/23(a)

    22,565       22,959,549  

Series A, 4.13%, 12/01/26

     3,665       3,805,960  

Northern Indiana Commuter Transportation District, RB

    

5.00%, 07/01/32

     1,000       1,080,604  

5.00%, 07/01/33

     1,400       1,509,166  
   

 

 

  
      47,828,718  
Iowa — 2.3%            

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

    2,750       2,696,009  

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

     13,345       13,797,889  

PEFA, Inc., RB, 5.00%, 09/01/49(b)

    21,415       22,595,245  
   

 

 

  
      39,089,143  
Kansas — 0.2%            

City of Manhattan KS, RB

    

2.38%, 06/01/27

     425       398,157  

2.88%, 06/01/28

     375       355,794  

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

    500       467,883  

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

     1,370       1,453,168  
   

 

 

  
      2,675,002  
Kentucky — 0.9%            

Kentucky Public Energy Authority, RB, Series A-1, 4.00%, 08/01/52(b)

    4,250       4,327,091  
Security   Par
        (000)		     Value  
Kentucky (continued)            

Kentucky Public Transportation Infrastructure Authority, RB, CAB

    

Series B, 0.00%, 07/01/30(c)

  $ 1,230     $ 839,439  

Series C, Convertible, 6.40%, 07/01/33(g)

    1,500       1,621,722  

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

     7,300       7,807,591  
   

 

 

  
          14,595,843  
Louisiana — 2.5%            

City of Ruston Louisiana, RB

    

(AGM), 5.00%, 06/01/29

     1,060       1,145,173  

(AGM), 5.00%, 06/01/30

     1,000       1,079,088  

(AGM), 5.00%, 06/01/31

     1,020       1,098,535  

(AGM), 5.00%, 06/01/32

     1,225       1,316,626  

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

     1,250       1,075,949  

Louisiana Public Facilities Authority, RB(e)

   

Series A, 5.00%, 06/01/29

     710       710,175  

Series A, 5.00%, 04/01/30

     525       533,692  

Series A, 5.00%, 06/01/31

     500       499,003  

Louisiana Public Facilities Authority, Refunding RB

    

5.00%, 05/15/29

     1,235       1,318,361  

5.00%, 05/15/30

     990       1,054,815  

3.00%, 05/15/31

     2,225       2,109,042  

5.00%, 05/15/32

     1,485       1,572,480  

5.00%, 05/15/33

     2,175       2,294,294  

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

         1,000       1,016,068  

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

     3,000       3,095,286  

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

    2,875       2,946,352  

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

    6,540       6,665,136  

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

    1,925       1,987,643  

Tobacco Settlement Financing Corp., Refunding RB

    

Series A, 5.25%, 05/15/32

     4,375       4,380,001  

Series A, 5.25%, 05/15/33

     4,110       4,114,661  

Series A, 5.25%, 05/15/35

     1,500       1,534,229  
   

 

 

  
      41,546,609  
Maine — 0.2%            

City of Portland Maine General Airport Revenue, Refunding RB

    

5.00%, 01/01/33

     695       758,078  

5.00%, 01/01/34

     305       332,148  

4.00%, 01/01/35

     1,000       1,007,115  

Maine Turnpike Authority, RB

    

5.00%, 07/01/29

     300       341,817  

5.00%, 07/01/30

     275       316,748  
   

 

 

  
      2,755,906  
Maryland — 1.7%            

Anne Arundel County Consolidated Special Taxing District, ST

    

4.20%, 07/01/24

     430       435,788  

4.90%, 07/01/30

     1,315       1,345,868  

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

     1,250       1,247,047  

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

    585       608,575  
 

 

 

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)

April 30, 2022

   

BlackRock Municipal 2030 Target Term Trust (BTT)

(Percentages shown are based on Net Assets)

 

Security   Par
        (000)		     Value  
Maryland (continued)            

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

   $ 1,765     $ 1,901,863  

Maryland Health & Higher Educational Facilities Authority, Refunding RB
5.00%, 07/01/29

     2,200       2,331,914  

5.00%, 07/01/31

     2,400       2,565,046  

5.00%, 07/01/32

     500       539,734  

5.00%, 07/01/33

     2,585       2,742,653  

5.00%, 07/01/34

     775       828,259  

Series A, 5.00%, 01/01/31

     2,865       3,097,690  

Series A, 5.00%, 01/01/32

     3,010       3,239,982  

Series A, 5.00%, 01/01/33

     3,165       3,406,907  

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

     5,000       4,879,210  
   

 

 

  
      29,170,536  
Massachusetts — 1.4%            

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

     5,000       5,459,840  

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

     2,500       2,977,345  

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

    5,500       3,988,253  

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

     1,070       1,132,182  

Massachusetts Development Finance Agency, Refunding RB

    

Series A, 5.00%, 01/01/32

     2,020       2,164,012  

Series A, 5.00%, 01/01/33

     1,500       1,603,673  

Series A, 5.00%, 01/01/34

     2,085       2,225,212  

Series A, 5.00%, 01/01/35

     2,000       2,134,388  

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

     2,235       2,243,211  
   

 

 

  
          23,928,116  
Michigan — 3.1%            

City of Detroit Michigan, GO
5.00%, 04/01/26

     735       777,087  

5.00%, 04/01/27

     580       617,851  

5.00%, 04/01/28

     665       713,588  

5.00%, 04/01/29

     665       710,159  

5.00%, 04/01/30

     510       542,819  

5.00%, 04/01/31

     735       779,809  

5.00%, 04/01/32

     625       661,375  

5.00%, 04/01/33

     830       876,667  

Michigan Finance Authority, Refunding RB
5.00%, 08/15/23(a)

    2,105       2,186,045  

5.00%, 06/01/24(a)

    2,750       2,893,256  

5.00%, 04/15/30(d)

    4,000       4,497,840  

1.33%, 04/15/47(b)(d)

        16,595       16,595,000  

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

    8,195       8,211,070  

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

     985       926,089  

Michigan Strategic Fund, RB

    

AMT, 5.00%, 12/31/32

     2,000       2,091,722  

AMT, 4.00%, 10/01/61(b)

    1,730       1,784,448  

Michigan Strategic Fund, Refunding RB

    

5.00%, 11/15/29

     1,260       1,376,056  

5.00%, 11/15/34

     1,410       1,527,969  
Security   Par
        (000)		     Value  
Michigan (continued)            

Saginaw Valley State University, Refunding RB

    

Series A, 5.00%, 07/01/31

   $ 2,070     $ 2,220,561  

Series A, 5.00%, 07/01/32

     1,430       1,529,006  

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

     800       929,387  
   

 

 

  
      52,447,804  
Minnesota — 0.4%            

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

     1,185       1,181,456  

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

   

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

     3,915       2,967,413  

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

     2,190       1,593,140  

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

     1,450       1,011,418  
   

 

 

  
      6,753,427  
Mississippi — 1.2%            

Mississippi Development Bank, Refunding RB

    

Series A, (AGM), 5.00%, 03/01/30

     2,280       2,478,661  

Series A, (AGM), 5.00%, 03/01/31

     1,595       1,731,987  

Series A, (AGM), 5.00%, 03/01/32

     2,000       2,166,260  

Series A, (AGM), 5.00%, 03/01/33

     1,275       1,381,024  

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

         12,225       12,974,001  
   

 

 

  
          20,731,933  
Missouri — 0.7%            

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

    

5.00%, 05/01/30

     3,000       3,071,862  

5.00%, 05/15/31

     1,175       1,263,751  

4.00%, 05/15/32

     1,680       1,714,485  

4.00%, 05/15/33

     2,000       2,033,476  

Series A, 4.00%, 11/15/33

     2,010       2,028,058  

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

     970       870,639  
   

 

 

  
      10,982,271  
Montana — 0.6%            

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

    10,050       10,072,844  
   

 

 

  
Nebraska — 0.6%            

Central Plains Energy Project, RB

    

5.00%, 09/01/27

     5,000       5,044,530  

5.00%, 09/01/32

     4,500       4,544,802  

Elkhorn School District, GO

    

4.00%, 12/15/32

     325       340,510  

4.00%, 12/15/33

     375       390,818  
   

 

 

  
      10,320,660  
Nevada(e) — 0.1%            

State of Nevada Department of Business & Industry, RB

    

Series A, 5.00%, 07/15/27

     335       342,222  

Series A, 4.50%, 12/15/29

     540       554,212  
      896,434  
   

 

 

  
New Hampshire — 0.9%            

New Hampshire Business Finance Authority, Refunding RB
4.00%, 01/01/28

     285       294,753  
 

 

 

5  

Schedule of Investments (unaudited) (continued)

April 30, 2022

   

BlackRock Municipal 2030 Target Term Trust (BTT)

(Percentages shown are based on Net Assets)

 

Security  

Par

(000)

     Value  
New Hampshire (continued)            

New Hampshire Business Finance Authority,

    

Refunding RB (continued)
4.00%, 01/01/29

   $ 300     $ 310,196  

4.00%, 01/01/30

     280       287,689  

AMT, 1.14%, 10/01/33(b)

    7,180       7,044,291  

Series A, AMT, 4.00%, 11/01/27(e)

    2,205       2,128,870  

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

     4,350       4,378,423  
   

 

 

  
          14,444,222  
New Jersey — 14.8%            

Atlantic City Board of Education, Refunding GO

    

(AGM), 4.00%, 04/01/30

     170       179,287  

(AGM), 4.00%, 04/01/31

     175       184,114  

Casino Reinvestment Development Authority, Inc., Refunding RB, 5.00%, 11/01/22

     1,890       1,920,295  

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

    880       910,184  

New Jersey Economic Development Authority, RB
5.00%, 06/15/30

     600       654,706  

Series A, 4.00%, 06/15/29(e)

    665       657,601  

Series A, 4.00%, 07/01/29

     350       347,776  

Series A, 5.00%, 06/15/32

     4,500       4,751,532  

Series C, 5.00%, 06/15/32

     3,600       3,801,226  

Series DDD, 5.00%, 06/15/35

     2,000       2,095,742  

AMT, 5.00%, 01/01/28

     4,705       4,840,918  

Series A, AMT, 5.63%, 11/15/30

     1,740       1,772,207  

Series B, AMT, 5.63%, 11/15/30

     1,315       1,339,341  

New Jersey Economic Development Authority, Refunding RB
4.25%, 06/15/22(a)

        16,500       16,553,394  

5.00%, 06/15/22(a)

    10,610       10,653,756  

(AGM), 5.00%, 06/01/28

     1,000       1,116,509  

5.00%, 01/01/29

     2,280       2,474,703  

(AGM), 5.00%, 06/01/30

     1,500       1,669,329  

(AGM), 5.00%, 06/01/31

     1,750       1,942,691  

(AGM), 4.00%, 06/01/32

     2,125       2,233,921  

Series BBB, 5.50%, 12/15/26(a)

    10,000       11,260,920  

Series MMM, 4.00%, 06/15/35

     5,000       4,911,630  

Sub-Series A, 4.00%, 07/01/32

     9,855       9,830,402  

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

     5,000       4,954,385  

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

     5,860       5,886,622  

New Jersey Health Care Facilities Financing Authority, Refunding RB
5.00%, 07/01/28

     1,500       1,640,058  

5.00%, 07/01/29

     4,150       4,524,932  

5.00%, 07/01/30

     3,500       3,813,289  

Series A, 5.00%, 07/01/30

     11,245       12,206,942  

New Jersey Higher Education Student Assistance Authority, RB

    

Series 1A, AMT, 5.00%, 12/01/25

     5,500       5,849,178  

Series 1A, AMT, 5.00%, 12/01/26

     2,250       2,390,834  

Series A, AMT, 4.00%, 12/01/32

     1,885       1,888,598  

Series A, AMT, 4.00%, 12/01/33

     1,515       1,500,633  

Series A, AMT, 4.00%, 12/01/34 

     755       757,808  
Security  

Par

(000)

     Value  
New Jersey (continued)            

New Jersey Higher Education Student Assistance Authority, RB (continued)

    

Series A, AMT, 4.00%, 12/01/35

   $ 755     $ 752,174  

Series B, AMT, 5.00%, 12/01/23

     50       51,710  

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

     215       222,352  

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

         10,440       10,331,852  

New Jersey Transportation Trust Fund Authority, RB

    

Series AA, 5.25%, 06/15/27

     4,225       4,516,115  

Series AA, 5.25%, 06/15/28

     4,500       4,807,300  

Series BB, 5.00%, 06/15/30

     1,500       1,629,466  

Series C, 5.25%, 06/15/32

     10,000       10,424,840  

Series D, 5.00%, 06/15/32

     5,000       5,152,905  

New Jersey Transportation Trust Fund Authority, Refunding RB

    

Series A, 5.00%, 06/15/30.

     6,600       7,067,551  

Series A, 5.00%, 12/15/30

     21,325       23,030,019  

Series AA, 4.00%, 06/15/30

     10,815           10,843,995  

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

     5,000       5,384,905  

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

     500       519,408  

Tobacco Settlement Financing Corp., Refunding RB

    

Series A, 5.00%, 06/01/30

     16,740       18,206,876  

Series A, 5.00%, 06/01/32

     8,270       8,890,829  

Township of Irvington New Jersey, Refunding GO, Series A, (AGM, SAW), 5.00%, 07/15/24(a)

    3,450       3,639,160  
   

 

 

  
      246,986,920  
New Mexico — 1.1%            

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

     480       514,329  

New Mexico Educational Assistance Foundation, RB

    

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

     5,075       4,868,656  

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

     1,625       1,579,584  

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

     4,750       4,499,537  

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

     8,120       7,685,450  
   

 

 

  
      19,147,556  
New York — 3.8%            

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

    555       571,482  

County of Nassau New York, GOL

    

Series A, (AGM), 5.00%, 04/01/34

     4,165       4,563,970  

Series A, (AGM), 5.00%, 04/01/35

     4,385       4,802,351  

Hempstead Town Local Development Corp., Refunding RB
5.00%, 06/01/30

     200       225,018  

5.00%, 06/01/31

     300       340,159  

5.00%, 06/01/32

     100       113,267  

Metropolitan Transportation Authority, Refunding RB 2nd Sub Series, (AGM), 1.33%, 11/01/32(b)

    2,875       2,739,536  
 

 

 

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)

April 30, 2022

   

BlackRock Municipal 2030 Target Term Trust (BTT)

(Percentages shown are based on Net Assets)

 

Security  

Par

(000)

     Value  
New York (continued)            

Metropolitan Transportation Authority, Refunding RB (continued)

    

Sub-Series C-1, 5.00%, 11/15/34

   $     10,000     $ 10,633,750  

Metropolitan Transportation Authority, Refunding RB, CAB, Series A, 0.00%, 11/15/30(c)

    13,000       9,756,071  

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

     4,980       5,500,121  

New York Transportation Development Corp., ARB

    

Series A, AMT, 4.00%, 07/01/32

     5,500       5,531,993  

Series A, AMT, 4.00%, 07/01/33

     6,000       6,027,444  

New York Transportation Development Corp., RB

    

AMT, 4.00%, 10/01/30

     8,140       7,993,716  

AMT, 4.00%, 10/31/34

     350       358,149  

New York Transportation Development Corp., Refunding RB

    

Series A, AMT, 5.00%, 12/01/29

     235       252,498  

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

     350       372,912  

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

     250       274,098  

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

     3,730       4,171,673  
   

 

 

  
          64,228,208  
North Carolina — 0.1%            

City of Charlotte, Refunding GO

    

Series A, 5.00%, 06/01/28

     330       375,380  

Series A, 5.00%, 06/01/29

     350       403,462  

Series A, 5.00%, 06/01/30

     485       566,046  

North Carolina Medical Care Commission, RB 4.00%, 09/01/33

     175       177,391  

4.00%, 09/01/34

     185       187,173  

Series A, 4.00%, 10/01/27

     600       613,959  
   

 

 

  
      2,323,411  
Ohio — 1.6%            

Akron Bath Copley Joint Township Hospital District, Refunding RB, 5.00%, 11/15/30(d)

    1,010       1,138,149  

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

     460       464,963  

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

    6,000       5,767,193  

County of Butler Ohio, Refunding RB
5.00%, 11/15/30

     1,225       1,332,106  

5.00%, 11/15/31

     2,500       2,710,418  

5.00%, 11/15/32

     2,200       2,374,341  

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

     4,450       4,168,604  

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

     3,320       3,854,909  

State of Ohio, RB

    

AMT, (AGM), 5.00%, 12/31/29

     1,625       1,729,679  

AMT, (AGM), 5.00%, 12/31/30

     2,400       2,547,650  
   

 

 

  
      26,088,012  
Oklahoma — 0.9%            

Norman Regional Hospital Authority, Refunding RB
5.00%, 09/01/27

     2,100       2,276,119  

5.00%, 09/01/28

     2,000       2,167,022  

5.00%, 09/01/29

     2,150       2,327,878  
Security  

Par

(000)

     Value  
Oklahoma (continued)            

Norman Regional Hospital Authority, Refunding RB (continued)
5.00%, 09/01/30

   $       5,130     $ 5,548,110  

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

     2,150       2,470,443  
   

 

 

  
          14,789,572  
Oregon — 0.9%            

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

     7,390       7,946,534  

Oregon State Facilities Authority, Refunding RB, 5.00%, 06/01/30(d)

    4,750       5,322,950  

Port of Morrow, Refunding GOL

    

Series A, 4.00%, 06/01/30

     1,205       1,258,933  

Series D, 4.00%, 12/01/30

     880       919,747  
   

 

 

  
      15,448,164  
Pennsylvania — 16.7%            

Allegheny County Hospital Development Authority, RB, 1.46%, 11/15/47(b)(d)

    5,205       5,205,000  

Allegheny County Hospital Development Authority, Refunding RB

    

Series A, 5.00%, 04/01/31

     3,075       3,468,738  

Series A, 5.00%, 04/01/34

     3,345       3,728,110  

Series A, 5.00%, 04/01/35

     1,000       1,111,388  

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

     4,000       4,515,152  

Allentown Neighborhood Improvement Zone Development Authority, RB(e)
5.00%, 05/01/23

     160       163,143  

5.00%, 05/01/28

     835       909,312  

Allentown Neighborhood Improvement Zone Development Authority, Refunding RB
5.00%, 05/01/29

     450       497,468  

5.00%, 05/01/30

     450       498,298  

Series A, 5.00%, 05/01/27

     6,750       6,750,000  

Series A, 5.00%, 05/01/28

     5,000       5,000,000  

Series A, 5.00%, 05/01/29

     3,745       3,745,000  

Series A, 5.00%, 05/01/30

     5,300       5,300,000  

Bucks County Industrial Development Authority, RB
5.00%, 07/01/29

     555       596,449  

5.00%, 07/01/30

     700       755,775  

Chester County Health and Education Facilities Authority, Refunding RB

    

Series A, 5.00%, 12/01/30

     2,180       2,195,491  

Series A, 5.00%, 10/01/32

     1,450       1,584,414  

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

    219       222,083  

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

     5,000       5,641,045  

City of Philadelphia Pennsylvania, Refunding GO

    

(AGM), 5.00%, 08/01/30

     9,235       10,197,961  

(AGM), 4.00%, 08/01/32

     6,000       6,223,704  

Series A, 5.00%, 08/01/30

     4,500       4,961,245  

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

    4,200       3,885,475  

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

     6,000       6,538,050  

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

     7,000       7,321,965  
 

 

 

7  

Schedule of Investments (unaudited) (continued)

April 30, 2022

   

BlackRock Municipal 2030 Target Term Trust (BTT)

(Percentages shown are based on Net Assets)

 

Security  

Par

(000)

     Value  
Pennsylvania (continued)            

Cumberland County Municipal Authority, Refunding RB

    

5.00%, 01/01/25(a)

  $     2,120     $ 2,257,724  

5.00%, 01/01/29

     570       599,277  

5.00%, 01/01/30

     1,285       1,349,839  

5.00%, 01/01/32

     1,510       1,594,178  

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

     2,275       2,341,528  

East Hempfield Township Industrial Development Authority, RB(a)

    

5.00%, 07/01/23

     1,280       1,321,445  

5.00%, 07/01/25

     825       886,637  

Geisinger Authority, Refunding RB

    

Series A-2, 5.00%, 02/15/32

     4,000       4,317,240  

Series A-2, 5.00%, 02/15/34

     1,750       1,867,533  

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

     2,535       2,484,698  

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

     150       160,996  

Montgomery County Higher Education and Health Authority, Refunding RB

    

4.00%, 09/01/35

     1,735       1,778,694  

4.00%, 09/01/36

     1,500       1,531,540  

Series A, 5.00%, 09/01/31

     1,750       1,938,590  

Series A, 5.00%, 09/01/32

     1,315       1,449,226  

Montgomery County Industrial Development Authority, Refunding RB

    

5.00%, 05/15/22

     2,500       2,502,980  

5.00%, 01/01/30

     2,000       2,074,618  

Series A, 5.25%, 01/15/25(a)

    3,250       3,484,695  

Northampton County General Purpose Authority, RB, Series A, 5.00%, 08/15/23(a)

        12,660           13,107,582  

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

     5,400       5,875,357  

Pennsylvania Economic Development Financing Authority, RB

    

Series A-1, 5.00%, 04/15/30

     2,500       2,822,900  

AMT, 5.00%, 12/31/29

     5,000       5,329,085  

AMT, 5.00%, 12/31/30

     13,100       13,957,932  

AMT, 5.00%, 12/31/34

     16,500       17,236,378  

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

     4,500       4,856,229  

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

     7,910       8,580,539  

Pennsylvania Higher Educational Facilities Authority, Refunding RB

    

5.00%, 05/01/30

     425       455,908  

5.00%, 05/01/31

     1,275       1,360,846  

4.00%, 05/01/32

     3,000       2,911,188  

5.00%, 05/01/32

     1,750       1,856,442  

5.00%, 05/01/33

     3,320       3,495,396  

5.00%, 05/01/35

     1,000       1,044,401  

Pennsylvania Housing Finance Agency, RB, S/F Housing

    

Series 137, 1.90%, 04/01/30

     1,625       1,476,403  

Series 137, 1.95%, 10/01/30

     875       790,645  

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

     9,000       8,600,913  
Security  

Par

(000)

     Value  
Pennsylvania (continued)            

Pennsylvania Turnpike Commission, RB

    

Series B, 5.00%, 12/01/29

   $     800     $ 909,284  

Series B, 5.00%, 12/01/30

     620       710,950  

Sub-Series B-1, 5.00%, 06/01/31

     3,000       3,265,080  

Sub-Series B-1, 5.00%, 06/01/32

     4,075       4,421,448  

Sub-Series B-1, 5.00%, 06/01/33

     4,000       4,317,624  

Pennsylvania Turnpike Commission, Refunding RB

    

2nd Series, 5.00%, 12/01/32

     1,000       1,087,579  

2nd Series, 5.00%, 12/01/35

     2,005       2,155,269  

2nd Sub Series, 5.00%, 12/01/33

     1,815       1,965,812  

2nd Sub Series, 5.00%, 12/01/34

     1,500       1,618,969  

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

     4,000       4,304,616  

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

     350       344,059  

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

     800       910,145  

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

     425       460,554  

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

     205       232,731  

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

     5,000       5,725,590  

Wayne County Hospital & Health Facilities Authority, RB

    

Series A, (GTD), 5.00%, 07/01/31

     460       500,954  

Series A, (GTD), 4.00%, 07/01/33

     440       449,653  

West Cornwall Township Municipal Authority, Refunding RB

    

Series A, 4.00%, 11/15/27

     130       131,757  

Series A, 4.00%, 11/15/28

     105       106,447  

Series A, 4.00%, 11/15/29

     140       140,709  

Series A, 4.00%, 11/15/30

     190       190,509  

Series A, 4.00%, 11/15/31

     200       199,941  

Westmoreland County Municipal Authority, Refunding RB

    

(BAM), 5.00%, 08/15/27

     1,500       1,613,022  

(BAM), 5.00%, 08/15/31

     5,000       5,515,240  

(BAM), 5.00%, 08/15/32

         17,945       19,733,327  
   

 

 

  
        279,726,117  
Puerto Rico(c) — 4.7%            

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

    

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

     14,055       11,445,984  

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

     38,523       28,840,783  

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

     43,149       29,247,212  

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

     5,755       4,253,584  

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

     6,477       4,378,731  
   

 

 

  
      78,166,294  
Rhode Island — 1.0%            

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

     1,500       1,609,514  

Rhode Island Student Loan Authority, RB(d)

   

AMT, 5.00%, 12/01/29

     1,950       2,130,317  

AMT, 5.00%, 12/01/30

     1,300       1,427,036  

Tobacco Settlement Financing Corp., Refunding RB Series A, 5.00%, 06/01/28

     2,750       2,876,626  
 

 

 

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)

April 30, 2022

   

BlackRock Municipal 2030 Target Term Trust (BTT)

(Percentages shown are based on Net Assets)

 

Security  

Par

(000)

     Value  
Rhode Island (continued)            

Tobacco Settlement Financing Corp., Refunding RB (continued)

    

Series A, 5.00%, 06/01/29

   $     4,500     $ 4,699,066  

Series A, 5.00%, 06/01/30

     4,215       4,394,909  
   

 

 

  
          17,137,468  
South Carolina — 0.8%            

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

     10,000       10,865,570  

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

     2,800       3,188,198  
   

 

 

  
      14,053,768  
Tennessee — 0.9%            

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

     2,000       1,968,340  

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

     6,210       6,466,970  

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

     480       417,758  

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

     1,300       1,390,723  

Tennessee Energy Acquisition Corp., RB, Series A, 5.00%, 05/01/52(b)

    5,000       5,427,800  
   

 

 

  
      15,671,591  
Texas — 13.6%            

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

     3,260       3,024,996  

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

    4,275       4,584,550  

Central Texas Turnpike System, RB

    

Series C, 5.00%, 08/15/32

         12,500       12,908,525  

Series C, 5.00%, 08/15/33

     14,000       14,418,418  

City of Austin Texas Airport System Revenue, ARB, AMT, 5.00%, 11/15/30(d)

    2,000       2,232,634  

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

     900       1,043,228  

City of Houston Texas Airport System Revenue, Refunding RB

    

Sub-Series D, 5.00%, 07/01/33.

     7,000       7,651,287  

Sub-Series A, AMT, 5.00%, 07/01/30

     1,200       1,336,078  

City of Houston Texas Combined Utility System Revenue, Refunding RB, Series B, 1st Lien, 5.00%, 11/15/34

     7,315       7,935,890  

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

     1,650       1,717,892  

Clifton Higher Education Finance Corp., Refunding RB

    

Series A, 3.10%, 12/01/22

     165       165,444  

Series A, (PSF-GTD), 4.00%, 08/15/31

     1,250       1,292,224  

Series A, 3.95%, 12/01/32

     1,800       1,749,796  

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

     12,325       12,370,368  

County of Nueces Texas, Refunding GOL 4.00%, 02/15/33

     1,165       1,222,680  

4.00%, 02/15/35

     725       754,859  
Security  

Par

(000)

     Value  
Texas (continued)            

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

   $     5,000     $ 5,599,085  

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

     4,030       4,623,857  

Harris County Cultural Education Facilities Finance Corp., RB

    

Series B, 5.75%, 01/01/28

     500       507,678  

Series B, 6.38%, 01/01/33

     460       467,548  

Harris County Cultural Education Facilities Finance Corp., Refunding RB

    

Series A, 5.00%, 06/01/28

     1,150       1,167,322  

Series A, 5.00%, 01/01/33

     1,090       1,099,520  

Series A, 5.00%, 06/01/33

     3,000       3,042,297  

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

    

Series D, (PSF-GTD), 0.00%, 08/15/24(a)

    4,485       2,805,901  

Series D, (PSF-GTD), 0.00%, 08/15/31

     1,200       816,364  

Series D, (PSF-GTD), 0.00%, 08/15/32

     2,000       1,297,234  

Matagorda County Navigation District No.1, Refunding RB

    

Series A, (AMBAC), 4.40%, 05/01/30

     26,120       27,542,939  

Series B-2, 4.00%, 06/01/30

     12,995       13,086,654  

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

     10,000       10,648,150  

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

    

Series A, 0.00%, 09/15/31

     6,235       4,345,228  

Series A, 0.00%, 09/15/32

         15,135       10,019,763  

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

    3,805       3,981,244  

New Hope Cultural Education Facilities Finance Corp., RB, Series A, 4.00%, 08/15/29(e)

    335       333,557  

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

     3,000       3,129,087  

Spring Branch Independent School District, GO, (PSF-GTD), 3.00%, 02/01/33

     5,000       4,879,540  

Tarrant County Cultural Education Facilities Finance Corp., RB

    

Series A, 4.00%, 05/15/23(a)

    20,920       21,298,945  

Series B, 5.00%, 07/01/35

     6,000       6,507,912  

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

     1,000       1,052,520  

Texas Municipal Gas Acquisition & Supply Corp. III, Refunding RB

    

5.00%, 12/15/30

     15,935       17,214,628  

5.00%, 12/15/32

     5,000       5,441,615  

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

     1,650       1,719,363  
   

 

 

  
        227,036,820  
Utah — 0.3%            

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

     5,000       5,221,175  
   

 

 

  
Virginia — 0.6%            

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

     500       492,455  

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

    2,000       2,085,384  

Hanover County Economic Development Authority, RB, 4.00%, 07/01/30(e)

    1,000       994,987  
 

 

 

9  

Schedule of Investments (unaudited) (continued)

April 30, 2022

   

BlackRock Municipal 2030 Target Term Trust (BTT)

(Percentages shown are based on Net Assets)

 

Security  

Par

(000)

     Value  
Virginia (continued)            

Hanover County Economic Development Authority, Refunding RB

    

Series A, 4.50%, 07/01/30

   $     3,000     $     3,001,755  

Series A, 4.50%, 07/01/32

     1,100       1,100,522  

Norfolk Redevelopment & Housing Authority, RB, Series B, 4.00%, 01/01/25

     1,650       1,649,880  
   

 

 

  
      9,324,983  
Washington — 2.1%            

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

   

Series A, 5.00%, 09/01/22

     1,000       1,010,915  

Series A, 5.25%, 09/01/22

     655       663,285  

Port of Seattle Washington, ARB

    

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

     6,695       7,106,361  

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

     6,000       6,349,104  

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

     9,485       10,337,578  

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

     4,990       4,872,256  

Washington State Housing Finance Commission, Refunding RB

    

5.00%, 07/01/28

     1,000       1,027,714  

5.00%, 07/01/33

     1,100       1,129,009  

WBRP 3.2, RB

    

Series A, 5.00%, 01/01/31

     1,000       1,073,955  

Series A, 5.00%, 01/01/32

     1,140       1,222,364  
   

 

 

  
      34,792,541  
West Virginia — 0.2%            

West Virginia Hospital Finance Authority, RB

    

Series A, 5.00%, 06/01/31

           1,950       2,102,285  

Series A, 5.00%, 06/01/33

     1,100       1,175,105  
   

 

 

  
          3,277,390  
Wisconsin — 2.4%            

Public Finance Authority, RB(e)

    

4.00%, 06/15/30

     1,520       1,456,969  

5.00%, 01/01/31

     650       659,968  

5.00%, 06/15/31

     720       728,078  

Series A, 4.00%, 07/15/29

     645       648,199  

Series A, 4.00%, 03/01/30

     1,305       1,308,013  

Series A, 3.75%, 06/01/30

     345       325,343  

Public Finance Authority, Refunding RB

    

3.00%, 12/01/26

     250       248,815  

4.00%, 09/01/29(e)

    400       395,807  

4.00%, 10/01/41(b)

    7,000       7,262,066  

AMT, 2.63%, 11/01/25

     3,000       2,940,894  

Series B, AMT, 5.25%, 07/01/28

     2,250       2,258,327  

Wisconsin Health & Educational Facilities Authority, Refunding RB

    

4.00%, 10/01/32

     4,520       4,543,378  

5.00%, 04/01/35

     2,500       2,783,300  
Security  

Par

(000)

     Value  
Wisconsin (continued)            

Wisconsin Health & Educational Facilities Authority, Refunding RB (continued)

    

Series C-4, 1.41%, 08/15/54(b)

  $     8,200     $ 8,147,364  

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

     7,265       7,020,199  
   

 

 

  
          40,726,720  
   

 

 

  

Total Municipal Bonds — 134.3%
(Cost: $2,268,162,839)

 

     2,246,591,468  
   

 

 

  

Municipal Bonds Transferred to Tender Option Bond Trusts(h)

 

Colorado(i) — 4.8%            

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

    

Series A, AMT, 4.25%, 11/15/22

         69,030       69,830,385  

Series A, AMT, 4.25%, 11/15/31

     8,085       8,178,743  

Series A, AMT, 4.25%, 11/15/32

     2,230       2,255,856  
   

 

 

  
      80,264,984  
Florida(i) — 5.6%            

County of Broward Florida Airport System Revenue, ARB

    

Series Q-1, 4.00%, 10/01/29

     17,200       17,269,031  

Series Q-1, 4.00%, 10/01/30

     18,095       18,167,651  

Series Q-1, 4.00%, 10/01/31

     18,820       18,895,554  

Series Q-1, 4.00%, 10/01/32

     19,575       19,653,578  

Series Q-1, 4.00%, 10/01/33

     20,355       20,436,718  
   

 

 

  
      94,422,532  
Iowa — 2.5%            

State of Iowa Board of Regents, RB, 4.00%, 09/01/22

     42,000       42,335,833  
   

 

 

  
Nevada — 1.1%            

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

     17,710       18,235,349  
   

 

 

  
New Jersey — 1.9%            

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

     30,000       31,329,290  
   

 

 

  
Pennsylvania — 2.7%            

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

    20,000       22,091,880  

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

     22,285       22,305,373  
   

 

 

  
      44,397,253  
Texas(i) — 4.8%            

San Antonio Public Facilities Corp., Refunding RB
4.00%, 09/15/30

     15,000       15,073,562  

4.00%, 09/15/31

     19,475       19,570,508  

4.00%, 09/15/32

     18,075       18,163,641  

4.00%, 09/15/33

     11,000       11,053,946  
 

 

 

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)

April 30, 2022

   

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     $ 11,943,286  

4.00%, 09/15/35

     4,500       4,522,069  
   

 

 

  
      80,327,012  
   

 

 

  

Total Municipal Bonds Transferred to Tender Option Bond Trusts — 23.4%
(Cost: $392,915,044)

 

     391,312,253  
   

 

 

  

Total Long-Term Investments — 157.7%
(Cost: $2,661,077,883)

 

     2,637,903,721  
   

 

 

  
     Shares         

Short-Term Securities

    
Money Market Funds — 1.7%            

BlackRock Liquidity Funds, MuniCash, Institutional Class, 0.25%(j)(k)

    29,321,172       29,321,172  
   

 

 

  

Total Short-Term Securities — 1.7%
(Cost: $29,318,027)

 

     29,321,172  
   

 

 

  

Total Investments — 159.4%
(Cost: $2,690,395,910)

 

     2,667,224,893  

Liabilities in Excess of Other Assets — (0.7)%

 

     (10,843,020 ) 

Liability for TOB Trust Certificates, Including Interest Expense and Fees Payable — (13.9)%

 

     (233,416,142 ) 

RVMTP Shares at Liquidation Value, Net of Deferred Offering Costs — (44.8)%

 

     (749,728,663 ) 
   

 

 

  

Net Assets Applicable to Common Shares — 100.0%

 

   $  1,673,237,068  
   

 

 

  

 

(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) 

When-issued security.

(e) 

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.

(f) 

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

(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 May 15, 2022 to September 15, 2030, 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 April 30, 2022 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
04/30/22		     Shares
Held at
04/30/22		     Income     Capital Gain
Distributions
from
Underlying
Funds		  

 

  

BlackRock Liquidity Funds, MuniCash, Institutional Class

   $ 50,951,950     $ —     $ (21,631,296 )(a)    $ 5,800     $ (5,282 )    $ 29,321,172       29,321,172     $ 8,873     $ —  
       

 

 

    

 

 

    

 

 

      

 

 

    

 

 

  

 

  (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)

April 30, 2022

   

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

    $ —      $ 2,246,591,468      $ —      $ 2,246,591,468  

Municipal Bonds Transferred to Tender Option Bond Trusts

      —        391,312,253        —        391,312,253  

Short-Term Securities

            

Money Market Funds

      29,321,172        —        —        29,321,172  
  

 

 

     

 

 

     

 

 

     

 

 

  
   $   29,321,172      $   2,637,903,721      $                 —      $   2,667,224,893  
  

 

 

     

 

 

     

 

 

     

 

 

  

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-GTD    Permanent School Fund Guaranteed
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