UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-Q
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY
Investment Company Act file number 811-08215
Name of Fund: BlackRock MuniHoldings Fund II, Inc. (MUH)
Fund Address: 100 Bellevue Parkway, Wilmington, DE 19809
Name and address of agent for service: Anne F. Ackerley, Chief Executive Officer, BlackRock MuniHoldings Fund II, Inc., 55 East 52nd Street, New York, NY 10055.
Registrant’s telephone number, including area code: (800) 882-0052, Option 4
Date of fiscal year end: 04/30/2011
Date of reporting period: 07/31/2010
Item 1 – Schedule of Investments
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Schedule of Investments July 31, 2010 (Unaudited) |
BlackRock MuniHoldings Fund II, Inc. (MUH) |
|
(Percentages shown are based on Net Assets) |
|
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|
|
|
|
|
|
Municipal Bonds |
|
Par |
|
Value |
|
||
|
|
|
|
|
|
|
|
Alabama 1.7% |
|
|
|
|
|
|
|
County
of Jefferson Alabama, RB, |
|
$ |
3,450 |
|
$ |
2,824,032 |
|
|
|
|
|
|
|
|
|
Arizona 4.2% |
|
|
|
|
|
|
|
Maricopa County Pollution Control
Corp., |
|
|
855 |
|
|
860,224 |
|
Phoenix IDA Arizona, Refunding RB, |
|
|
2,060 |
|
|
1,642,273 |
|
Pima County IDA, RB, Arizona Charter |
|
|
950 |
|
|
925,566 |
|
Pima County IDA, Refunding IDRB, |
|
|
560 |
|
|
572,079 |
|
Salt River Project Agricultural |
|
|
990 |
|
|
1,037,431 |
|
Salt Verde Financial Corp., RB, Senior, |
|
|
1,385 |
|
|
1,228,703 |
|
Show Low Improvement District, Special |
|
|
605 |
|
|
606,700 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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6,872,976 |
|
|
|
|
|
|
|
|
|
California 21.2% |
|
|
|
|
|
|
|
Benicia Unified School District, GO, CAB, |
|
|
2,000 |
|
|
1,206,280 |
|
California Health Facilities Financing |
|
|
1,110 |
|
|
1,161,138 |
|
California State Public Works Board, RB: |
|
|
|
|
|
|
|
Department
of Corrections, |
|
|
1,890 |
|
|
1,895,594 |
|
Various
Capital Projects, |
|
|
600 |
|
|
640,302 |
|
California Statewide Communities |
|
|
1,090 |
|
|
1,072,985 |
|
Los Angeles Department of Airports, RB, |
|
|
400 |
|
|
418,012 |
|
|
|
|
|
|
|
|
|
Municipal Bonds |
|
Par |
|
Value |
|
||
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|
|
|
|
|
|
|
California (concluded) |
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|
|
|
|
|
|
Los Angeles Department of Airports, |
|
$ |
2,975 |
|
$ |
3,025,486 |
|
Poway Unified School District, Special |
|
|
1,750 |
|
|
1,698,392 |
|
San Diego Unified School District |
|
|
2,525 |
|
|
886,452 |
|
San Francisco City & County Public |
|
|
4,770 |
|
|
5,011,219 |
|
San Marino Unified School District |
|
|
|
|
|
|
|
5.51%, 7/01/17 |
|
|
1,820 |
|
|
1,431,539 |
|
5.56%, 7/01/18 |
|
|
1,945 |
|
|
1,432,434 |
|
5.60%, 7/01/19 |
|
|
2,070 |
|
|
1,442,562 |
|
State of California, GO, Various Purpose: |
|
|
|
|
|
|
|
6.00%, 3/01/33 |
|
|
1,265 |
|
|
1,369,363 |
|
6.50%, 4/01/33 |
|
|
7,325 |
|
|
8,237,768 |
|
University of California, RB, Limited |
|
|
4,095 |
|
|
4,107,408 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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35,036,934 |
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|
|
|
|
|
|
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Colorado 3.6% |
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|
|
|
|
|
|
Colorado Educational & Cultural |
|
|
1,055 |
|
|
1,053,407 |
|
Colorado Health Facilities Authority, |
|
|
1,100 |
|
|
1,100,770 |
|
Elk Valley Public Improvement Corp.,
RB, |
|
|
1,100 |
|
|
1,123,518 |
|
Platte River Power Authority Colorado, |
|
|
755 |
|
|
826,582 |
|
Plaza Metropolitan District No. 1 |
|
|
860 |
|
|
787,192 |
|
|
|
Portfolio Abbreviations |
|
To simplify the listings of portfolio holdings in the Schedule of Investments, the names and descriptions of many of the securities have been abbreviated according to the following list:
|
|
ACA |
ACA Financial Guaranty Corp. |
AGC |
Assured Guaranty Corp. |
AGM |
Assured Guaranty Municipal Corp. |
AMBAC |
American Municipal Bond Assurance Corp. |
AMT |
Alternative Minimum Tax (subject to) |
CAB |
Capital Appreciation Bonds |
EDA |
Economic Development Authority |
EDC |
Economic Development Corp. |
ERB |
Education Revenue Bonds |
FHA |
Federal Housing Administration |
GO |
General Obligation Bonds |
HDA |
Housing Development Authority |
HFA |
Housing Finance Agency |
HRB |
Housing Revenue Bonds |
IDA |
Industrial Development Authority |
IDRB |
Industrial Development Revenue Bonds |
M/F |
Multi Family |
NPFGC |
National Public Finance Guarantee Corp. |
RB |
Revenue Bonds |
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||
BLACKROCK MUNIHOLDINGS FUND II, INC. |
JULY 31, 2010 |
1 |
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|
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|
|
Schedule of Investments (continued) |
BlackRock MuniHoldings Fund II, Inc. (MUH) |
|
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
Municipal Bonds |
|
Par |
|
Value |
|
||
|
|
|
|
|
|
|
|
Colorado (concluded) |
|
|
|
|
|
|
|
University of Colorado, RB, Series A, |
|
$ |
920 |
|
$ |
992,717 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5,884,186 |
|
|
|
|
|
|
|
|
|
Connecticut 1.6% |
|
|
|
|
|
|
|
Connecticut State Health & Educational |
|
|
|
|
|
|
|
Ascension
Health Senior Credit, |
|
|
685 |
|
|
704,961 |
|
Wesleyan
University, 5.00%, |
|
|
1,875 |
|
|
2,006,606 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,711,567 |
|
|
|
|
|
|
|
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|
District of Columbia 2.1% |
|
|
|
|
|
|
|
Metropolitan Washington Airports |
|
|
|
|
|
|
|
CAB,
2nd Senior Lien, Series B |
|
|
10,170 |
|
|
2,385,679 |
|
First
Senior Lien, Series A, 5.00%, |
|
|
255 |
|
|
262,737 |
|
First
Senior Lien, Series A, 5.25%, |
|
|
745 |
|
|
778,577 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,426,993 |
|
|
|
|
|
|
|
|
|
Florida 7.4% |
|
|
|
|
|
|
|
Ballantrae Community Development |
|
|
1,575 |
|
|
1,517,875 |
|
City of Clearwater Florida, RB, Series A, |
|
|
870 |
|
|
917,885 |
|
County of Broward Florida, RB, Series A, |
|
|
545 |
|
|
570,375 |
|
County of Miami-Dade Florida, RB: |
|
|
|
|
|
|
|
CAB,
Sub-Series A (NPFGC), 5.24%, |
|
|
1,765 |
|
|
288,172 |
|
Water
& Sewer System, 5.00%, |
|
|
2,845 |
|
|
2,920,136 |
|
County of Miami-Dade Florida, |
|
|
330 |
|
|
335,795 |
|
Greater Orlando Aviation Authority |
|
|
1,515 |
|
|
1,373,151 |
|
Hillsborough County IDA, RB: |
|
|
|
|
|
|
|
H.
Lee Moffitt Cancer Center |
|
|
1,800 |
|
|
1,729,764 |
|
National
Gypsum Co., Series B, |
|
|
1,380 |
|
|
1,303,382 |
|
Palm Coast Park Community |
|
|
495 |
|
|
299,223 |
|
Preserve at Wilderness Lake Community |
|
|
1,195 |
|
|
1,041,215 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
12,296,973 |
|
|
|
|
|
|
|
|
|
Georgia 1.7% |
|
|
|
|
|
|
|
City of Atlanta Georgia, Tax Allocation |
|
|
465 |
|
|
471,585 |
|
De Kalb Private Hospital Authority, |
|
|
420 |
|
|
434,641 |
|
|
|
|
|
|
|
|
|
Municipal Bonds |
|
Par |
|
Value |
|
||
|
|
|
|
|
|
|
|
Georgia (concluded) |
|
|
|
|
|
|
|
Metropolitan Atlanta Rapid Transit |
|
$ |
1,740 |
|
$ |
1,830,706 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,736,932 |
|
|
|
|
|
|
|
|
|
Guam 0.7% |
|
|
|
|
|
|
|
Territory of Guam, GO, Series A: |
|
|
|
|
|
|
|
6.00%, 11/15/19 |
|
|
320 |
|
|
332,314 |
|
6.75%, 11/15/29 |
|
|
455 |
|
|
487,856 |
|
7.00%, 11/15/39 |
|
|
275 |
|
|
297,390 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,117,560 |
|
|
|
|
|
|
|
|
|
Idaho 1.2% |
|
|
|
|
|
|
|
Power County Industrial Development |
|
|
2,000 |
|
|
2,012,000 |
|
|
|
|
|
|
|
|
|
Illinois 1.7% |
|
|
|
|
|
|
|
City of Chicago Illinois, Special |
|
|
1,000 |
|
|
960,950 |
|
Illinois Finance Authority, Refunding RB: |
|
|
|
|
|
|
|
Central
DuPage Health, Series B, |
|
|
800 |
|
|
834,696 |
|
OSF
Healthcare System, Series A, |
|
|
660 |
|
|
666,250 |
|
State of Illinois, RB, Build Illinois, |
|
|
315 |
|
|
325,587 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,787,483 |
|
|
|
|
|
|
|
|
|
Indiana 1.7% |
|
|
|
|
|
|
|
Indiana Finance Authority, RB, Sisters of |
|
|
420 |
|
|
429,542 |
|
Indiana Finance Authority, Refunding |
|
|
1,660 |
|
|
1,719,860 |
|
Indiana Municipal Power Agency, RB, |
|
|
565 |
|
|
614,743 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,764,145 |
|
|
|
|
|
|
|
|
|
Kansas 1.7% |
|
|
|
|
|
|
|
Kansas Development Finance Authority, |
|
|
|
|
|
|
|
Adventist Health, 5.75%, 11/15/38 |
|
|
1,785 |
|
|
1,930,246 |
|
Sisters
of Leavenworth, Series A, |
|
|
835 |
|
|
844,978 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,775,224 |
|
|
|
|
|
|
|
|
|
Kentucky 0.3% |
|
|
|
|
|
|
|
Kentucky Economic Development |
|
|
510 |
|
|
531,308 |
|
|
|
|
|
|
|
|
|
Louisiana 2.0% |
|
|
|
|
|
|
|
East Baton Rouge Sewerage |
|
|
420 |
|
|
443,877 |
|
Louisiana Local Government |
|
|
2,500 |
|
|
2,585,650 |
|
|
|
|
|
||
2 |
BLACKROCK MUNIHOLDINGS FUND II, INC. |
JULY 31, 2010 |
|
|
|
|
|
|
Schedule of Investments (continued) |
BlackRock MuniHoldings Fund II, Inc. (MUH) |
|
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
Municipal Bonds |
|
Par |
|
Value |
|
||
|
|
|
|
|
|
|
|
Louisiana (concluded) |
|
|
|
|
|
|
|
New Orleans Aviation Board, Refunding |
|
$ |
310 |
|
$ |
310,670 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,340,197 |
|
|
|
|
|
|
|
|
|
Maine 0.1% |
|
|
|
|
|
|
|
Maine Health & Higher Educational |
|
|
150 |
|
|
154,455 |
|
|
|
|
|
|
|
|
|
Maryland 0.6% |
|
|
|
|
|
|
|
Maryland EDC, RB, Transportation |
|
|
220 |
|
|
224,954 |
|
Maryland State Energy Financing |
|
|
750 |
|
|
750,300 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
975,254 |
|
|
|
|
|
|
|
|
|
Massachusetts 4.4% |
|
|
|
|
|
|
|
Massachusetts Development Finance |
|
|
|
|
|
|
|
5.75%, 6/20/22 |
|
|
600 |
|
|
653,304 |
|
6.00%, 6/20/44 |
|
|
1,500 |
|
|
1,595,430 |
|
Massachusetts Development Finance |
|
|
845 |
|
|
894,821 |
|
Massachusetts HFA, RB, M/F Housing, |
|
|
2,100 |
|
|
2,016,630 |
|
Massachusetts HFA, Refunding HRB, |
|
|
1,100 |
|
|
1,122,561 |
|
Massachusetts Health & Educational |
|
|
910 |
|
|
931,667 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7,214,413 |
|
|
|
|
|
|
|
|
|
Michigan 3.6% |
|
|
|
|
|
|
|
City of Detroit Michigan, RB, Senior
Lien, |
|
|
460 |
|
|
553,872 |
|
Flint Hospital Building Authority |
|
|
960 |
|
|
952,176 |
|
Michigan State Hospital Finance |
|
|
1,520 |
|
|
1,523,101 |
|
Michigan Strategic Fund, Refunding RB, |
|
|
2,935 |
|
|
2,939,432 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5,968,581 |
|
|
|
|
|
|
|
|
|
Minnesota 1.0% |
|
|
|
|
|
|
|
City of Minneapolis Minnesota, |
|
|
1,540 |
|
|
1,726,509 |
|
|
|
|
|
|
|
|
|
Missouri 0.5% |
|
|
|
|
|
|
|
Kansas City IDA Missouri, RB, First |
|
|
1,000 |
|
|
902,040 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Municipal Bonds |
|
Par |
|
Value |
|
||
|
|
|
|
|
|
|
|
Montana 0.7% |
|
|
|
|
|
|
|
Montana Facility Finance Authority, |
|
$ |
1,140 |
|
$ |
1,143,397 |
|
|
|
|
|
|
|
|
|
New Hampshire 1.0% |
|
|
|
|
|
|
|
New Hampshire Health & Education |
|
|
1,530 |
|
|
1,630,689 |
|
|
|
|
|
|
|
|
|
New Jersey 6.4% |
|
|
|
|
|
|
|
New Jersey EDA, RB: |
|
|
|
|
|
|
|
Cigarette Tax, 5.75%, 6/15/29 |
|
|
3,050 |
|
|
3,022,062 |
|
Cigarette Tax, 5.50%, 6/15/31 |
|
|
1,140 |
|
|
1,111,477 |
|
Continental
Airlines Inc. Project, |
|
|
2,000 |
|
|
2,029,940 |
|
New Jersey State Turnpike Authority, RB, |
|
|
2,500 |
|
|
2,610,575 |
|
Tobacco Settlement Financing Corp. |
|
|
|
|
|
|
|
4.50%, 6/01/23 |
|
|
920 |
|
|
842,380 |
|
5.00%, 6/01/41 |
|
|
1,470 |
|
|
964,099 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10,580,533 |
|
|
|
|
|
|
|
|
|
New York 5.9% |
|
|
|
|
|
|
|
City of Troy New York, Refunding RB, |
|
|
685 |
|
|
696,029 |
|
Dutchess County Industrial |
|
|
885 |
|
|
882,805 |
|
Long Island Power Authority, Refunding |
|
|
1,050 |
|
|
1,157,551 |
|
Metropolitan Transportation Authority, |
|
|
1,270 |
|
|
1,336,434 |
|
New York City Industrial Development |
|
|
|
|
|
|
|
Continental
Airlines Inc. Project, |
|
|
525 |
|
|
525,803 |
|
Continental
Airlines Inc. Project, |
|
|
525 |
|
|
524,386 |
|
Series C, 6.80%, 6/01/28 |
|
|
415 |
|
|
436,061 |
|
New York City Transitional Finance |
|
|
3,300 |
|
|
3,529,944 |
|
New York Liberty Development Corp., |
|
|
615 |
|
|
642,724 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
9,731,737 |
|
|
|
|
|
|
|
|
|
North Carolina 0.6% |
|
|
|
|
|
|
|
North Carolina Medical Care |
|
|
|
|
|
|
|
5.00%, 6/01/39 |
|
|
315 |
|
|
323,584 |
|
5.00%, 6/01/42 |
|
|
705 |
|
|
721,645 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,045,229 |
|
|
|
|
|
|
|
|
|
|
|
|
|
||
BLACKROCK MUNIHOLDINGS FUND II, INC. |
JULY 31, 2010 |
3 |
|
|
|
|
|
|
Schedule of Investments (continued) |
BlackRock MuniHoldings Fund II, Inc. (MUH) |
|
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
Municipal Bonds |
|
Par |
|
Value |
|
||
|
|
|
|
|
|
|
|
Ohio 0.7% |
|
|
|
|
|
|
|
Buckeye Tobacco Settlement Financing |
|
$ |
1,565 |
|
$ |
1,213,689 |
|
|
|
|
|
|
|
|
|
Pennsylvania 6.3% |
|
|
|
|
|
|
|
Allegheny County Hospital Development |
|
|
1,095 |
|
|
812,840 |
|
Montgomery County Higher Education & |
|
|
590 |
|
|
590,997 |
|
Pennsylvania Economic Development |
|
|
|
|
|
|
|
American
Water Co. Project, 6.20%, |
|
|
1,830 |
|
|
1,985,495 |
|
Aqua
Pennsylvania Inc. Project, |
|
|
950 |
|
|
976,230 |
|
National
Gypsum Co., Series A, |
|
|
2,750 |
|
|
2,378,255 |
|
Pennsylvania Turnpike Commission, RB, |
|
|
2,955 |
|
|
3,043,207 |
|
Philadelphia Authority for Industrial |
|
|
540 |
|
|
540,637 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10,327,661 |
|
|
|
|
|
|
|
|
|
Puerto Rico 4.8% |
|
|
|
|
|
|
|
Commonwealth of Puerto Rico, GO, |
|
|
1,490 |
|
|
1,579,594 |
|
Puerto Rico Industrial Medical & |
|
|
1,550 |
|
|
1,300,605 |
|
Puerto Rico Sales Tax Financing Corp., |
|
|
|
|
|
|
|
CAB, Series A, 6.40%, 8/01/35 (a) |
|
|
10,000 |
|
|
2,020,300 |
|
First Sub-Series A, 6.50%, 8/01/44 |
|
|
2,790 |
|
|
3,092,547 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7,993,046 |
|
|
|
|
|
|
|
|
|
Tennessee 1.6% |
|
|
|
|
|
|
|
Hardeman County Correctional Facilities |
|
|
2,200 |
|
|
2,098,338 |
|
Rutherford County Health & Educational |
|
|
510 |
|
|
522,923 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,621,261 |
|
|
|
|
|
|
|
|
|
Texas 11.1% |
|
|
|
|
|
|
|
Brazos River Authority, Refunding RB, |
|
|
1,625 |
|
|
1,548,284 |
|
Brazos River Harbor Navigation District, |
|
|
2,500 |
|
|
2,543,950 |
|
City of Dallas Texas, Refunding RB, |
|
|
760 |
|
|
810,510 |
|
|
|
|
|
|
|
|
|
Municipal Bonds |
|
Par |
|
Value |
|
||
|
|
|
|
|
|
|
|
Texas (concluded) |
|
|
|
|
|
|
|
City of Houston Texas, RB, Senior Lien, |
|
$ |
535 |
|
$ |
574,344 |
|
Harris County Health Facilities |
|
|
1,380 |
|
|
1,570,260 |
|
La Vernia Higher Education Finance |
|
|
590 |
|
|
607,322 |
|
Matagorda County Hospital District |
|
|
3,265 |
|
|
3,233,036 |
|
North Texas Tollway Authority, RB, Toll, |
|
|
3,020 |
|
|
3,219,199 |
|
Texas Private Activity Bond Surface |
|
|
|
|
|
|
|
LBJ Infrastructure, 7.00%, 6/30/40 |
|
|
2,165 |
|
|
2,252,358 |
|
Note Mobility, 6.88%, 12/31/39 |
|
|
1,940 |
|
|
2,013,448 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
18,372,711 |
|
|
|
|
|
|
|
|
|
U.S. Virgin Islands 1.7% |
|
|
|
|
|
|
|
United States Virgin Islands, Refunding |
|
|
2,680 |
|
|
2,721,326 |
|
|
|
|
|
|
|
|
|
Utah 0.9% |
|
|
|
|
|
|
|
City of Riverton Utah, RB, IHC Health |
|
|
1,400 |
|
|
1,432,690 |
|
|
|
|
|
|
|
|
|
Vermont 0.6% |
|
|
|
|
|
|
|
Vermont Educational & Health Buildings |
|
|
1,000 |
|
|
962,700 |
|
|
|
|
|
|
|
|
|
Virginia 2.3% |
|
|
|
|
|
|
|
Tobacco Settlement Financing Corp. |
|
|
3,570 |
|
|
2,311,111 |
|
Virginia HDA, RB, Sub-Series H-1 |
|
|
1,500 |
|
|
1,512,240 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,823,351 |
|
|
|
|
|
|
|
|
|
Washington 0.5% |
|
|
|
|
|
|
|
Seattle Housing Authority Washington, |
|
|
945 |
|
|
892,836 |
|
|
|
|
|
|
|
|
|
Wisconsin 4.9% |
|
|
|
|
|
|
|
State of Wisconsin, Refunding RB, |
|
|
3,620 |
|
|
4,022,833 |
|
Wisconsin Health & Educational |
|
|
|
|
|
|
|
Ascension
Health Senior Credit |
|
|
1,235 |
|
|
1,256,131 |
|
SynergyHealth
Inc., 6.00%, |
|
|
1,360 |
|
|
1,400,161 |
|
Wisconsin Housing & EDA, Refunding |
|
|
1,370 |
|
|
1,333,805 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
8,012,930 |
|
|
|
|
|
|
|
|
|
Total Municipal Bonds 113.0% |
|
|
|
|
|
186,565,548 |
|
|
|
|
|
|
|
|
|
|
|
|
|
||
4 |
BLACKROCK MUNIHOLDINGS FUND II, INC. |
JULY 31, 2010 |
|
|
|
|
|
|
Schedule of Investments (continued) |
BlackRock MuniHoldings Fund II, Inc. (MUH) |
|
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
Municipal
Bonds Transferred to Tender |
|
Par |
|
Value |
|
||
|
|
|
|
|
|
|
|
California 6.5% |
|
|
|
|
|
|
|
Bay Area Toll Authority, Refunding RB, |
|
$ |
1,640 |
|
$ |
1,793,583 |
|
California Educational Facilities |
|
|
1,335 |
|
|
1,434,831 |
|
Los Angeles Community College District |
|
|
1,170 |
|
|
1,200,560 |
|
San Diego Community College District |
|
|
553 |
|
|
589,827 |
|
Sequoia Union High School District |
|
|
5,519 |
|
|
5,796,940 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10,815,741 |
|
|
|
|
|
|
|
|
|
Colorado 2.6% |
|
|
|
|
|
|
|
Colorado Health Facilities Authority, RB, |
|
|
|
|
|
|
|
Series C-3, 5.10%, 10/01/41 |
|
|
1,870 |
|
|
1,894,927 |
|
Series C-7, 5.00%, 9/01/36 |
|
|
1,200 |
|
|
1,215,300 |
|
Colorado Health Facilities Authority, |
|
|
1,080 |
|
|
1,151,760 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4,261,987 |
|
|
|
|
|
|
|
|
|
Connecticut 3.0% |
|
|
|
|
|
|
|
Connecticut State Health & Educational |
|
|
|
|
|
|
|
Series T-1, 4.70%, 7/01/29 |
|
|
2,300 |
|
|
2,429,145 |
|
Series X-3, 4.85%, 7/01/37 |
|
|
2,370 |
|
|
2,472,882 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4,902,027 |
|
|
|
|
|
|
|
|
|
Georgia 1.0% |
|
|
|
|
|
|
|
Private Colleges & Universities
Authority, |
|
|
1,650 |
|
|
1,740,264 |
|
|
|
|
|
|
|
|
|
Massachusetts 1.9% |
|
|
|
|
|
|
|
Massachusetts School Building |
|
|
2,999 |
|
|
3,146,275 |
|
|
|
|
|
|
|
|
|
New Hampshire 0.7% |
|
|
|
|
|
|
|
New Hampshire Health & Education |
|
|
1,019 |
|
|
1,111,178 |
|
|
|
|
|
|
|
|
|
New York 4.5% |
|
|
|
|
|
|
|
New York City Municipal Water Finance |
|
|
810 |
|
|
904,246 |
|
New York State Dormitory Authority, |
|
|
2,910 |
|
|
3,006,541 |
|
Sales Tax Asset Receivable Corp., RB, |
|
|
3,200 |
|
|
3,484,003 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7,394,790 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Municipal
Bonds Transferred to Tender |
|
Par |
|
Value |
|
||
|
|
|
|
|
|
|
|
North Carolina 0.5% |
|
|
|
|
|
|
|
North Carolina Capital Facilities Finance |
|
$ |
800 |
|
$ |
849,632 |
|
|
|
|
|
|
|
|
|
Ohio 4.5% |
|
|
|
|
|
|
|
State of Ohio, Refunding RB, Cleveland |
|
|
6,980 |
|
|
7,404,175 |
|
|
|
|
|
|
|
|
|
Tennessee 1.6% |
|
|
|
|
|
|
|
Shelby County Health Educational & |
|
|
2,500 |
|
|
2,601,125 |
|
|
|
|
|
|
|
|
|
Texas 2.1% |
|
|
|
|
|
|
|
County of Harris Texas, RB, Senior Lien, |
|
|
3,360 |
|
|
3,498,802 |
|
|
|
|
|
|
|
|
|
Virginia 7.6% |
|
|
|
|
|
|
|
University of Virginia, Refunding RB, |
|
|
2,730 |
|
|
2,906,276 |
|
Virginia HDA, RB, Sub-Series H-1 |
|
|
7,900 |
|
|
8,056,420 |
|
Virginia Small Business Financing |
|
|
1,553 |
|
|
1,594,687 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
12,557,383 |
|
|
|
|
|
|
|
|
|
Washington 0.9% |
|
|
|
|
|
|
|
Central Puget Sound Regional Transit |
|
|
1,365 |
|
|
1,445,438 |
|
|
|
|
|
|
|
|
|
Wisconsin 1.8% |
|
|
|
|
|
|
|
Wisconsin Health & Educational |
|
|
2,859 |
|
|
2,941,367 |
|
|
|
|
|
|
|
|
|
Total
Municipal Bonds Transferred to |
|
|
|
|
|
64,670,184 |
|
|
|
|
|
|
|
|
|
Total
Long-Term Investments |
|
|
|
|
|
251,235,732 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Short-Term Securities |
|
Shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
FFI Institutional Tax-Exempt Fund, |
|
|
864,405 |
|
|
864,405 |
|
|
|
|
|
|
|
|
|
Total
Short-Term Securities |
|
|
|
|
|
864,405 |
|
|
|
|
|
|
|
|
|
Total
Investments |
|
|
|
|
|
252,100,137 |
|
Other Assets Less Liabilities 1.0% |
|
|
|
|
|
1,726,638 |
|
Liability
for Trust Certificates, Including Interest |
|
|
|
|
|
(33,652,997 |
) |
Preferred Shares, at Redemption Value (33.3)% |
|
|
|
|
|
(55,053,939 |
) |
|
|
|
|
|
|
|
|
Net Assets Applicable to Common Shares 100.0% |
|
|
|
|
$ |
165,119,839 |
|
|
|
|
|
|
|
|
|
|
|
|
|
||
BLACKROCK MUNIHOLDINGS FUND II, INC. |
JULY 31, 2010 |
5 |
|
|
|
|
|
|
Schedule of Investments (concluded) |
BlackRock MuniHoldings Fund II, Inc. (MUH) |
|
|
* |
The cost and unrealized appreciation (depreciation) of investments as of July 31, 2010, as computed for federal income tax purposes, were as follows: |
|
|
|
|
|
Aggregate cost |
|
$ |
209,939,178 |
|
|
|
|
|
|
Gross unrealized appreciation |
|
$ |
11,635,352 |
|
Gross unrealized depreciation |
|
|
(3,091,539 |
) |
|
|
|
|
|
Net unrealized appreciation |
|
$ |
8,543,813 |
|
|
|
|
|
|
|
|
(a) |
Represents a zero-coupon bond. Rate shown reflects the current yield as of report date. |
|
|
(b) |
Variable rate security. Rate shown is as of report date. |
|
|
(c) |
Securities represent bonds transferred to a tender option bond trust in exchange for which the Fund acquired residual interest certificates. These securities serve as collateral in a financing transaction. |
|
|
(d) |
Investments in companies considered to be an affiliate of the Fund during the period, for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, are as follows: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Affiliate |
|
Shares Held |
|
Net Activity |
|
Shares Held |
|
Income |
|
||||
|
|
|
|
|
|
|
|
|
|
||||
FFI |
|
|
607,735 |
|
|
256,670 |
|
|
864,405 |
|
$ |
579 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(e) |
Represents the current yield as of report date. |
|
|
|
|
|
Fair Value Measurements - Various inputs are used in determining the fair value of investments, which are as follows: |
|
|
|
|
|
|
Level 1 price quotations in active markets/exchanges for identical assets and liabilities |
|
|
|
|
|
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) |
|
|
|
|
|
Level 3 unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available (including the Funds own assumptions used in determining the fair value of investments) |
The inputs or methodologies used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For information about the Funds policy regarding valuation of investments and other significant accounting policies, please refer to the Funds most recent financial statements as contained in its annual report.
The following table summarizes the inputs used as of July 31, 2010 in determining the fair valuation of the Funds investments:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Valuation Inputs |
|
Level 1 |
|
Level 2 |
|
Level 3 |
|
Total |
|
||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Investments in Securities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Long-Term |
|
|
|
|
$ |
251,235,732 |
|
|
|
|
$ |
251,235,732 |
|
Short-Term |
|
$ |
864,405 |
|
|
|
|
|
|
|
|
864,405 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total |
|
$ |
864,405 |
|
$ |
251,235,732 |
|
|
|
|
$ |
252,100,137 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1 |
See above Schedule of Investments for values in each state or political subdivision. |
|
|
|
|
||
BLACKROCK MUNIHOLDINGS FUND II, INC. |
JULY 31, 2010 |
6 |
Item 2 – |
Controls and Procedures |
||
|
|
||
2(a) – |
The registrant's principal executive and principal financial officers or persons performing similar functions have concluded that the registrant's disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the “1940 Act”)) are effective as of a date within 90 days of the filing of this report based on the evaluation of these controls and procedures required by Rule 30a-3(b) under the 1940 Act and Rule 13a-15(b) under the Securities Exchange Act of 1934, as amended. |
||
|
|
||
2(b) – |
There were no changes in the registrant's internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act) that occurred during the registrant's last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrant's internal control over financial reporting. |
||
|
|
||
Item 3 – |
Exhibits |
||
|
|
||
|
Certifications – Attached hereto |
||
|
|
||
|
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. |
||
|
|
||
|
BlackRock MuniHoldings Fund II, Inc. |
||
|
|
||
By: | /s/ Anne F. Ackerley | ||
Anne F. Ackerley | |||
Chief Executive Officer of | |||
BlackRock MuniHoldings Fund II, Inc. | |||
Date: September 27, 2010 | |||
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated. | |||
By: | /s/ Anne F. Ackerley | ||
Anne F. Ackerley | |||
Chief Executive Officer (principal executive officer) of | |||
BlackRock MuniHoldings Fund II, Inc. | |||
Date: September 27, 2010 | |||
By: | /s/ Neal J. Andrews | ||
Neal J. Andrews | |||
Chief Financial Officer (principal financial officer) of | |||
BlackRock MuniHoldings Fund II, Inc. | |||
Date: September 27, 2010 | |||