Company: BLE
Filing Date: 2025-04-07
Form Type: N-CSRS
Source: 0001193125-25-074469
Chunk: 36

Company: BLACKROCK MUNICIPAL INCOME TRUST II
Filing Date: 2025-04-07
Form: N-CSRS
Chunk 36
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 to the Notes to Financial Statements. The following table summarizes the Fund’s financial instruments categorized in the fair value hierarchy. The breakdown of the Fund ’ 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                                          |         $— | $272,529,277 | $—      | $272,529,277 |
| Municipal Bonds Transferred to Tender Option Bond Trusts |          — |  118,178,293 | —       |  118,178,293 |
| Short-Term Securities                                    |            |              |         |              |
| Money Market Funds                                       |  6,147,280 |            — | —       |    6,147,280 |
|                                                          | $6,147,280 | $390,707,570 | $—      | $396,854,850 |

72 2025 BlackRock Semi-Annual Report to Shareholders

Schedule of Investments (unaudited) (continued) January 31, 2025 BlackRock MuniYield Quality Fund II, Inc. (MQT)

Fair Value Hierarchy as of Period End (continued)

|                                     | Level 1    | Level 2 | Level 3 | Total      |
| Derivative Financial Instruments(a) |            |         |         |            |
| Liabilities                         |            |         |         |            |
| Interest Rate Contracts             | $(135,440) | $—      | $—      | $(135,440) |

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

The Fund may hold assets and/or liabilities in which the fair value approximates the carrying amount for financial statement 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           | $—      |  $(68,540,167) | $—      |  $(68,540,167) |
| VMTP