Company: BLE
Filing Date: 2025-04-07
Form Type: N-CSRS
Source: 0001193125-25-074469
Chunk: 28

Company: BLACKROCK MUNICIPAL INCOME TRUST II
Filing Date: 2025-04-07
Form: N-CSRS
Chunk 28
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 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 |       $3,674,238 | $9,040,615(a)    | $—                 | $—                     | $—                                            |      $12,714,853 |            12,713,582 | $122,476 | $—                                           |

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

Schedule of Investments 49

Schedule of Investments (unaudited) (continued) January 31, 2025 BlackRock MuniHoldings Fund, Inc. (MHD)

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 |                115 | 03/20/25       |              $12,533 |                                 $(116,960) |
| U.S. Long Bond             |                108 | 03/20/25       |               12,315 |                                   -217,566 |
| 5-Year U.S. Treasury Note  |                 78 | 03/31/25       |                8,310 |                                    -54,338 |
|                            |                    |                |                      |                                 $(388,864) |

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 contractsUnrealized depreciation on futures contracts(a) | $—                 | $—              | $—              | $—                               |              $388,864 | $—             | $388,864 |

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