Company: BLE
Filing Date: 2025-04-07
Form Type: N-CSRS
Source: 0001193125-25-074469
Chunk: 31

Company: BLACKROCK MUNICIPAL INCOME TRUST II
Filing Date: 2025-04-07
Form: N-CSRS
Chunk 31
---
 a secured borrowing. See Note 4of the Notes to Financial Statements for details. |
| (j) | Security is collateralized by municipal bonds or U.S. Treasury obligations.                                                                                                                                                       |
| (k) | Affiliate of the Fund.                                                                                                                                                                                                            |
| (l) | Annualized 7-day yield as of period end.                                                                                                                                                                                          |

56 2025 BlackRock Semi-Annual Report to Shareholders

Schedule of Investments (unaudited) (continued) January 31, 2025 BlackRock MuniVest Fund, Inc. (MVF)

Affiliates Investments in issuers considered to be affiliate(s) of the Fund during the six months ended January 31, 2025 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

| Affiliated Issuer                                         | Value at07/31/24 | Purchasesat Cost | Proceedsfrom Sales | NetRealizedGain (Loss) | Change inUnrealizedAppreciation(Depreciation) | Value at01/31/25 | SharesHeld at01/31/25 |   Income | Capital GainDistributionsfromUnderlyingFunds |
| BlackRock Liquidity Funds, MuniCash, Institutional Shares |         $500,584 | $2,769,051(a)    | $—                 | $—                     | $—                                            |       $3,269,635 |             3,269,308 | $143,832 | $—                                           |

| (a) | Represents net amount purchased (sold). |

Derivative Financial Instruments Outstanding as of Period End Futures Contracts

| Description                | Number ofContracts | ExpirationDate | NotionalAmount (000) | Value/UnrealizedAppreciation(Depreciation) |
| Short Contracts            |                    |                |                      |                                            |
| 10-Year U.S. Treasury Note |                435 | 03/20/25       |              $47,408 | $(272,652)                                 |

Derivative Financial Instruments Categorized by Risk Exposure As of period end, the fair values of derivative financial instruments located in the Statements of Assets and Liabilities were as follows:

|                                                                  | CommodityContracts | CreditContracts | EquityContracts | ForeignCurrencyExchangeContracts | InterestRateContracts | OtherContracts |    Total |
| Liabilities — Derivative Financial Instruments                   |                    |                 |                 |                                  |                       |                |          |
| Futures