Company: BLE
Filing Date: 2025-04-07
Form Type: N-CSRS
Source: 0001193125-25-074469
Chunk: 15

Company: BLACKROCK MUNICIPAL INCOME TRUST II
Filing Date: 2025-04-07
Form: N-CSRS
Chunk 15
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(b) |
| AAA/Aaa                   |                           7.3% |
| AA/Aa                     |                           47.2 |
| A                         |                           27.9 |
| BBB/Baa                   |                            6.4 |
| BB/Ba                     |                            2.4 |
| B                         |                            0.7 |
| N/R(e)                    |                            8.1 |

| (a) | For purposes of this report, sector sub-classifications may differ from those utilized by the Fund for compliance purposes.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
| (b) | Excludes short-term securities.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| (c) | Scheduled maturity dates and/or bonds that are subject to potential calls by issuers over the next five years.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
| (d) | For purposes of this report, credit quality ratings shown above reflect the highest rating assigned by either S&P Global Ratings or Moody’s Investors Service, Inc. if ratings differ. These ratingagencies are independent, nationally recognized statistical rating organizations and are widely used. Investment grade ratings are credit ratings of BBB/Baa or higher. Below investment graderatings are credit ratings of BB/Ba or lower. Investments designated N/R are not rated by either rating agency. Unrated investments do not necessarily indicate low credit quality. Credit qualityratings are subject to change. |
| (e) | The investment adviser evaluates the credit quality of unrated investments based upon certain factors including, but not limited to, credit ratings for similar investments and financial analysis ofsectors and individual investments. Using this approach, the investment adviser has deemed certain of these unrated securities as investment grade quality. As of January 31, 2025, the marketvalue of unrated securities deemed by the investment adviser to be investment grade represents less than 1.0% of total investments.                                                                                            |

12 2025 BlackRock Semi-Annual Report to Shareholders

Fund Summary as of January 31, 2025 BlackRock MuniVest Fund, Inc. (MVF)

Investment Objective BlackRock MuniVest Fund, Inc. ’ s ( MVF ) (the “ Fund ”) investment objective is to provide shareholders with as high a level of current income exempt from U.S. federal income taxes as is consistent with its investment policies and prudent investment management. The Fund seeks to achieve its investment objective by investing at least 80% of an aggregate of the Fund ’ s net assets (including proceeds from