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: John M. Perlowski, 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: 04/30/2012
Date of reporting period: 07/31/2011
Item 1 – Schedule of Investments
|
|
|
|
Schedule of Investments July 31, 2011 (Unaudited) |
BlackRock MuniHoldings Fund II, Inc. (MUH) |
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
Municipal Bonds |
|
Par |
|
Value |
|
||
Alabama 1.9% |
|
|
|
|
|
|
|
County of Jefferson Alabama, RB, |
|
$ |
3,450 |
|
$ |
3,038,864 |
|
Alaska 0.7% |
|
|
|
|
|
|
|
Northern Tobacco Securitization Corp., |
|
|
1,660 |
|
|
1,095,583 |
|
Arizona 2.6% |
|
|
|
|
|
|
|
Phoenix IDA Arizona, Refunding RB, |
|
|
2,060 |
|
|
1,751,330 |
|
Pima County IDA, RB, Arizona Charter |
|
|
925 |
|
|
896,908 |
|
Salt River Project Agricultural |
|
|
990 |
|
|
1,012,324 |
|
Show Low Improvement District No. 5, |
|
|
470 |
|
|
472,406 |
|
|
|
|
|
|
|
4,132,968 |
|
Arkansas 0.5% |
|
|
|
|
|
|
|
County of Little River Arkansas, |
|
|
830 |
|
|
803,573 |
|
California 21.6% |
|
|
|
|
|
|
|
Benicia Unified School District, GO, CAB, |
|
|
2,000 |
|
|
1,264,540 |
|
California Health Facilities Financing |
|
|
|
|
|
|
|
St. Joseph Health System, |
|
|
1,110 |
|
|
1,122,598 |
|
Sutter Health, Series B, |
|
|
1,585 |
|
|
1,688,469 |
|
California State Public Works Board, RB, |
|
|
600 |
|
|
637,056 |
|
California Statewide Communities |
|
|
1,090 |
|
|
1,043,948 |
|
Los Angeles Department of Airports, RB, |
|
|
400 |
|
|
411,824 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Municipal Bonds |
|
Par |
|
Value |
|
||
California (concluded) |
|
|
|
|
|
|
|
Los Angeles Department of Airports, |
|
$ |
2,975 |
|
$ |
3,017,066 |
|
Poway Unified School District, Special |
|
|
1,750 |
|
|
1,738,362 |
|
San Diego Unified School District |
|
|
2,525 |
|
|
875,216 |
|
San Francisco City & County Public |
|
|
4,770 |
|
|
4,830,817 |
|
San Marino Unified School District |
|
|
|
|
|
|
|
5.51%, 7/01/17 |
|
|
1,820 |
|
|
1,493,292 |
|
5.56%, 7/01/18 |
|
|
1,945 |
|
|
1,481,234 |
|
5.61%, 7/01/19 |
|
|
2,070 |
|
|
1,480,009 |
|
State of California, GO, Various Purpose: |
|
|
|
|
|
|
|
6.00%, 3/01/33 |
|
|
1,265 |
|
|
1,381,924 |
|
6.50%, 4/01/33 |
|
|
7,325 |
|
|
8,200,484 |
|
University of California, RB, Limited |
|
|
|
|
|
|
|
Project, Series B, 4.75%, 5/15/38 |
|
|
4,605 |
|
|
4,357,758 |
|
|
|
|
|
|
|
35,024,597 |
|
Colorado 2.7% |
|
|
|
|
|
|
|
Colorado Educational & Cultural |
|
|
1,055 |
|
|
966,760 |
|
Colorado Health Facilities Authority, |
|
|
1,100 |
|
|
1,064,305 |
|
Plaza Metropolitan District No. 1 |
|
|
860 |
|
|
788,861 |
|
Regional Transportation District, COP, |
|
|
510 |
|
|
530,512 |
|
University of Colorado, RB, Series A, |
|
|
920 |
|
|
962,108 |
|
|
|
|
|
|
|
4,312,546 |
|
|
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 |
American Capital Access 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 |
COP |
Certificates of Participation |
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 |
M/F |
Multi-Family |
NPFGC |
National Public Finance Guarantee Corp. |
RB |
Revenue Bonds |
SAN |
State Aid Notes |
|
|
|
|
|
|
|
|
|
BLACKROCK MUNIHOLDINGS FUND II, INC. |
JULY 31, 2011 |
1 |
|
|
|
|
Schedule of Investments (continued) |
BlackRock MuniHoldings Fund II, Inc. (MUH) |
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
Municipal Bonds |
|
Par |
|
Value |
|
||
Connecticut 1.6% |
|
|
|
|
|
|
|
Connecticut State Health & Educational |
|
|
|
|
|
|
|
Ascension Health Senior |
|
$ |
685 |
|
$ |
691,432 |
|
Wesleyan University, 5.00%, |
|
|
1,875 |
|
|
1,945,988 |
|
|
|
|
|
|
|
2,637,420 |
|
Delaware 1.5% |
|
|
|
|
|
|
|
County of Sussex Delaware, RB, NRG |
|
|
570 |
|
|
574,418 |
|
Delaware State EDA, RB, Exempt |
|
|
2,050 |
|
|
1,849,038 |
|
|
|
|
|
|
|
2,423,456 |
|
District Of Columbia 2.1% |
|
|
|
|
|
|
|
Metropolitan Washington Airports |
|
|
|
|
|
|
|
CAB, Second Senior Lien, Series B |
|
|
10,170 |
|
|
2,378,356 |
|
First Senior Lien, Series A, |
|
|
255 |
|
|
255,492 |
|
First Senior Lien, Series A, |
|
|
745 |
|
|
748,874 |
|
|
|
|
|
|
|
3,382,722 |
|
Florida 7.2% |
|
|
|
|
|
|
|
Ballantrae Community Development |
|
|
1,535 |
|
|
1,425,109 |
|
City of Clearwater Florida, RB, Series A, |
|
|
870 |
|
|
894,177 |
|
County of Broward Florida, RB, Series A, |
|
|
545 |
|
|
572,512 |
|
County of Miami-Dade Florida, RB: |
|
|
|
|
|
|
|
CAB, Sub-Series A (NPFGC), 5.24%, |
|
|
1,765 |
|
|
287,730 |
|
Water & Sewer System, |
|
|
2,845 |
|
|
2,892,967 |
|
County of Miami-Dade Florida, Refunding |
|
|
330 |
|
|
331,993 |
|
Greater Orlando Aviation Authority Florida, |
|
|
1,515 |
|
|
1,445,371 |
|
Hillsborough County IDA, RB, National |
|
|
1,380 |
|
|
1,254,944 |
|
Mid-Bay Bridge Authority, RB, Series A, |
|
|
1,135 |
|
|
1,155,736 |
|
Palm Coast Park Community Development |
|
|
490 |
|
|
292,442 |
|
|
|
|
|
|
|
|
|
Municipal Bonds |
|
Par |
|
Value |
|
||
Florida (concluded) |
|
|
|
|
|
|
|
Preserve at Wilderness Lake Community |
|
|
|
|
|
|
|
Assessment Bonds, Series A, 5.90%, |
|
$ |
1,185 |
|
$ |
1,033,913 |
|
|
|
|
|
|
|
11,586,894 |
|
Georgia 1.8% |
|
|
|
|
|
|
|
DeKalb Private Hospital Authority, |
|
|
420 |
|
|
426,170 |
|
Metropolitan Atlanta Rapid Transit |
|
|
1,740 |
|
|
1,737,320 |
|
Private Colleges & Universities Authority, |
|
|
765 |
|
|
785,632 |
|
|
|
|
|
|
|
2,949,122 |
|
Guam 0.7% |
|
|
|
|
|
|
|
Territory of Guam, GO, Series A: |
|
|
|
|
|
|
|
6.00%, 11/15/19 |
|
|
320 |
|
|
317,843 |
|
6.75%, 11/15/29 |
|
|
455 |
|
|
463,022 |
|
7.00%, 11/15/39 |
|
|
275 |
|
|
283,709 |
|
|
|
|
|
|
|
1,064,574 |
|
Hawaii 0.4% |
|
|
|
|
|
|
|
State of Hawaii, Refunding RB, Series A, |
|
|
680 |
|
|
703,467 |
|
Idaho 1.2% |
|
|
|
|
|
|
|
Power County Industrial Development |
|
|
2,000 |
|
|
2,001,360 |
|
Illinois 7.9% |
|
|
|
|
|
|
|
City of Chicago Illinois, RB, OHare |
|
|
2,500 |
|
|
2,608,850 |
|
City of Chicago Illinois, Refunding RB, |
|
|
2,935 |
|
|
3,229,997 |
|
City of Chicago Illinois, Special |
|
|
1,000 |
|
|
994,960 |
|
Illinois Finance Authority, Refunding RB, |
|
|
800 |
|
|
811,584 |
|
Metropolitan Pier & Exposition Authority, |
|
|
|
|
|
|
|
CAB, Series B, 6.25%, 6/15/47 (a) |
|
|
9,555 |
|
|
972,890 |
|
Series B, 5.00%, 6/15/50 |
|
|
1,585 |
|
|
1,455,917 |
|
Series B-2, 5.00%, 6/15/50 |
|
|
1,260 |
|
|
1,157,386 |
|
|
|
|
|
|
|
|
|
|
BLACKROCK MUNIHOLDINGS FUND II, INC. |
JULY 31, 2011 |
2 |
|
|
|
|
Schedule of Investments (continued) |
BlackRock MuniHoldings Fund II, Inc. (MUH) |
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
Municipal Bonds |
|
Par |
|
Value |
|
||
Illinois (concluded) |
|
|
|
|
|
|
|
Railsplitter Tobacco Settlement Authority, |
|
|
|
|
|
|
|
5.50%, 6/01/23 |
|
$ |
675 |
|
$ |
699,334 |
|
6.00%, 6/01/28 |
|
|
500 |
|
|
514,925 |
|
State of Illinois, RB, Build Illinois, |
|
|
315 |
|
|
319,646 |
|
|
|
|
|
|
|
12,765,489 |
|
Indiana 1.7% |
|
|
|
|
|
|
|
Indiana Finance Authority, RB, Sisters of |
|
|
420 |
|
|
421,919 |
|
Indiana Finance Authority, Refunding RB, |
|
|
1,660 |
|
|
1,719,660 |
|
Indiana Municipal Power Agency, RB, |
|
|
565 |
|
|
599,652 |
|
|
|
|
|
|
|
2,741,231 |
|
Kansas 1.2% |
|
|
|
|
|
|
|
Kansas Development Finance Authority, |
|
|
|
|
|
|
|
Adventist Health, 5.75%, |
|
|
1,105 |
|
|
1,173,709 |
|
Sisters of Leavenworth, |
|
|
785 |
|
|
791,947 |
|
|
|
|
|
|
|
1,965,656 |
|
Kentucky 0.3% |
|
|
|
|
|
|
|
Kentucky Economic Development Finance |
|
|
510 |
|
|
519,772 |
|
Louisiana 2.1% |
|
|
|
|
|
|
|
East Baton Rouge Sewerage Commission, |
|
|
420 |
|
|
433,394 |
|
Louisiana Local Government |
|
|
2,500 |
|
|
2,610,850 |
|
New Orleans Aviation Board, Refunding |
|
|
310 |
|
|
309,987 |
|
|
|
|
|
|
|
3,354,231 |
|
Maine 0.1% |
|
|
|
|
|
|
|
Maine Health & Higher Educational |
|
|
150 |
|
|
150,480 |
|
Maryland 1.3% |
|
|
|
|
|
|
|
Maryland EDC, RB, Transportation |
|
|
220 |
|
|
215,593 |
|
Maryland EDC, Refunding RB, CNX Marine |
|
|
415 |
|
|
409,464 |
|
|
|
|
|
|
|
|
|
Municipal Bonds |
|
Par |
|
Value |
|
||
Maryland (concluded) |
|
|
|
|
|
|
|
Maryland Health & Higher Educational |
|
$ |
1,095 |
|
$ |
1,120,744 |
|
Maryland State Energy Financing |
|
|
400 |
|
|
400,848 |
|
|
|
|
|
|
|
2,146,649 |
|
Massachusetts 4.3% |
|
|
|
|
|
|
|
Massachusetts Development Finance |
|
|
|
|
|
|
|
5.75%, 6/20/22 |
|
|
600 |
|
|
649,926 |
|
6.00%, 6/20/44 |
|
|
1,500 |
|
|
1,600,440 |
|
Massachusetts Development Finance |
|
|
845 |
|
|
822,810 |
|
Massachusetts HFA, RB, M/F Housing, |
|
|
2,100 |
|
|
1,924,545 |
|
Massachusetts HFA, Refunding HRB, |
|
|
1,080 |
|
|
1,095,412 |
|
Massachusetts Health & Educational |
|
|
910 |
|
|
912,912 |
|
|
|
|
|
|
|
7,006,045 |
|
Michigan 2.3% |
|
|
|
|
|
|
|
City of Detroit Michigan, RB, Senior Lien, |
|
|
460 |
|
|
542,354 |
|
Flint Hospital Building Authority Michigan, |
|
|
905 |
|
|
900,013 |
|
Kalamazoo Hospital Finance Authority, |
|
|
690 |
|
|
688,089 |
|
Michigan State Hospital Finance Authority, |
|
|
1,520 |
|
|
1,511,442 |
|
|
|
|
|
|
|
3,641,898 |
|
Minnesota 1.0% |
|
|
|
|
|
|
|
City of Minneapolis Minnesota, Refunding |
|
|
1,540 |
|
|
1,674,457 |
|
New Hampshire 1.0% |
|
|
|
|
|
|
|
New Hampshire Health & Education |
|
|
1,530 |
|
|
1,638,248 |
|
|
|
|
|
|
|
|
|
|
BLACKROCK MUNIHOLDINGS FUND II, INC. |
JULY 31, 2011 |
3 |
|
|
|
|
Schedule of Investments (continued) |
BlackRock MuniHoldings Fund II, Inc. (MUH) |
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
Municipal Bonds |
|
Par |
|
Value |
|
||
New Jersey 5.9% |
|
|
|
|
|
|
|
New Jersey EDA, RB: |
|
|
|
|
|
|
|
Cigarette Tax, 5.75%, |
|
$ |
3,025 |
|
$ |
2,998,108 |
|
Continental Airlines Inc |
|
|
2,000 |
|
|
2,024,440 |
|
New Jersey State Turnpike Authority, RB, |
|
|
2,500 |
|
|
2,549,475 |
|
New Jersey Transportation Trust Fund |
|
|
1,025 |
|
|
1,070,192 |
|
Tobacco Settlement Financing Corp. New |
|
|
905 |
|
|
820,346 |
|
|
|
|
|
|
|
9,462,561 |
|
New York 6.5% |
|
|
|
|
|
|
|
Dutchess County Industrial Development |
|
|
875 |
|
|
855,977 |
|
Long Island Power Authority, Refunding |
|
|
1,050 |
|
|
1,127,238 |
|
Metropolitan Transportation Authority, |
|
|
|
|
|
|
|
Series B, 5.00%, 11/15/34 |
|
|
1,270 |
|
|
1,302,855 |
|
Transportation, Series D, |
|
|
|
|
|
|
|
5.25%, 11/15/40 |
|
|
610 |
|
|
617,558 |
|
New York City Industrial Development |
|
|
|
|
|
|
|
Continental Airlines Inc. |
|
|
525 |
|
|
540,204 |
|
Continental
Airlines Inc., |
|
|
350 |
|
|
356,811 |
|
Series C, 6.80%, 6/01/28 |
|
|
415 |
|
|
428,898 |
|
New York City Transitional Finance |
|
|
3,300 |
|
|
3,427,776 |
|
New York Liberty Development Corp., |
|
|
615 |
|
|
632,571 |
|
Port Authority of New York & New Jersey, |
|
|
|
|
|
|
|
6.00%, 12/01/36 |
|
|
650 |
|
|
660,433 |
|
6.00%, 12/01/42 |
|
|
630 |
|
|
637,346 |
|
|
|
|
|
|
|
10,587,667 |
|
North Carolina 0.4% |
|
|
|
|
|
|
|
North Carolina Medical Care Commission, |
|
|
705 |
|
|
710,866 |
|
|
|
|
|
|
|
|
|
Municipal Bonds |
|
Par |
|
Value |
|
||
Pennsylvania 3.7% |
|
|
|
|
|
|
|
Allegheny County Hospital Development |
|
$ |
1,095 |
|
$ |
920,742 |
|
Montgomery County Higher Education & |
|
|
325 |
|
|
317,259 |
|
Pennsylvania Economic Development |
|
|
|
|
|
|
|
American Water Co. Project, |
|
|
1,830 |
|
|
1,958,740 |
|
National Gypsum Co., Series A, |
|
|
2,750 |
|
|
2,300,787 |
|
Philadelphia Authority for Industrial |
|
|
540 |
|
|
540,405 |
|
|
|
|
|
|
|
6,037,933 |
|
Puerto Rico 3.8% |
|
|
|
|
|
|
|
Puerto Rico Industrial Medical & |
|
|
905 |
|
|
803,387 |
|
Puerto Rico Sales Tax Financing Corp., RB: |
|
|
|
|
|
|
|
CAB, Series A, 6.41%, |
|
|
10,000 |
|
|
2,013,100 |
|
First Sub-Series A, 6.50%, |
|
|
2,790 |
|
|
3,015,571 |
|
Puerto Rico Sales Tax Financing Corp., |
|
|
2,145 |
|
|
353,410 |
|
|
|
|
|
|
|
6,185,468 |
|
South Carolina 1.0% |
|
|
|
|
|
|
|
South Carolina State Ports Authority, RB, |
|
|
1,650 |
|
|
1,679,337 |
|
Tennessee 1.3% |
|
|
|
|
|
|
|
Hardeman County Correctional Facilities |
|
|
2,200 |
|
|
2,162,820 |
|
Texas 10.9% |
|
|
|
|
|
|
|
Brazos River Authority, Refunding RB, TXU |
|
|
500 |
|
|
492,145 |
|
Brazos River Harbor Navigation District, |
|
|
2,500 |
|
|
2,546,125 |
|
Central Texas Regional Mobility Authority, |
|
|
1,070 |
|
|
1,066,180 |
|
City of Dallas Texas, Refunding RB, |
|
|
760 |
|
|
799,930 |
|
|
|
|
|
|
|
|
|
|
BLACKROCK MUNIHOLDINGS FUND II, INC. |
JULY 31, 2011 |
4 |
|
|
|
|
Schedule of Investments (continued) |
BlackRock MuniHoldings Fund II, Inc. (MUH) |
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|||||||
Municipal Bonds |
|
Par |
|
Value |
|
|||||||||
Texas (concluded) |
|
|
|
|
|
|
|
|||||||
City of Houston Texas, Refunding RB, |
|
$ |
535 |
|
$ |
552,676 |
|
|||||||
Harris County Health Facilities |
|
|
1,380 |
|
|
1,528,460 |
|
|||||||
La Vernia Higher Education Finance Corp., |
|
|
590 |
|
|
605,446 |
|
|||||||
Matagorda County Hospital District Texas, |
|
|
1,325 |
|
|
1,294,499 |
|
|||||||
North Texas Tollway Authority, RB: |
|
|
|
|
|
|
|
|||||||
CAB, Special Projects System, |
|
|
1,015 |
|
|
182,122 |
|
|||||||
Toll, Second Tier, Series F, |
|
|
3,020 |
|
|
3,118,120 |
|
|||||||
Sabine River Authority Texas, Refunding |
|
|
500 |
|
|
490,935 |
|
|||||||
Texas Private Activity Bond Surface |
|
|
|
|
|
|
|
|||||||
LBJ Infrastructure Group LLC., |
|
|
2,165 |
|
|
2,301,958 |
|
|||||||
NTE Mobility Partners LLC, |
|
|
1,940 |
|
|
2,044,256 |
|
|||||||
Texas State Public Finance Authority, |
|
|
625 |
|
|
544,500 |
|
|||||||
|
|
|
|
|
|
17,567,352 |
|
|||||||
US Virgin Islands 1.6% |
|
|
|
|
|
|
|
|||||||
United States Virgin Islands Government |
|
|
2,680 |
|
|
2,648,858 |
|
|||||||
Utah 0.9% |
|
|
|
|
|
|
|
|||||||
City of Riverton Utah, RB, IHC Health |
|
|
1,400 |
|
|
1,400,882 |
|
|||||||
Vermont 0.6% |
|
|
|
|
|
|
|
|||||||
Vermont Educational & Health Buildings |
|
|
1,000 |
|
|
914,830 |
|
|||||||
Virginia 0.7% |
|
|
|
|
|
|
|
|||||||
Virginia HDA, RB, Sub-Series H-1 (NPFGC), |
|
|
1,175 |
|
|
1,175,435 |
|
|||||||
Washington 1.2% |
|
|
|
|
|
|
|
|||||||
Seattle Housing Authority Washington, |
|
|
930 |
|
|
868,648 |
|
|||||||
Washington Health Care Facilities |
|
|
990 |
|
|
1,059,419 |
|
|||||||
|
|
|
|
|
|
1,928,067 |
|
|||||||
|
|
|
|
|
|
|
|
|||||||
Municipal Bonds |
|
Par |
|
Value |
|
|||||||||
Wisconsin 4.1% |
|
|
|
|
|
|
|
|||||||
State of Wisconsin, Refunding RB, |
|
$ |
3,620 |
|
$ |
3,942,216 |
|
|||||||
Wisconsin Health & Educational Facilities |
|
|
|
|
|
|
|
|||||||
Ascension Health Senior |
|
|
1,235 |
|
|
1,246,597 |
|
|||||||
SynergyHealth Inc., 6.00%, |
|
|
1,360 |
|
|
1,381,760 |
|
|||||||
|
|
|
|
|
|
6,570,573 |
|
|||||||
Total Municipal Bonds 112.3% |
|
|
|
|
|
181,793,951 |
|
|||||||
|
|
|
|
|
|
|
|
|||||||
|
||||||||||||||
|
|
|
|
|
|
|
|
|||||||
Municipal
Bonds Transferred to Tender |
|
|
|
|
|
|
|
|||||||
California 6.5% |
|
|
|
|
|
|
|
|||||||
Bay Area Toll Authority, Refunding RB, San |
|
|
1,640 |
|
|
1,728,311 |
|
|||||||
California Educational Facilities Authority, |
|
|
1,335 |
|
|
1,398,212 |
|
|||||||
Los Angeles Community College District |
|
|
1,170 |
|
|
1,199,250 |
|
|||||||
San Diego Community College District |
|
|
553 |
|
|
582,915 |
|
|||||||
Sequoia Union High School District |
|
|
5,519 |
|
|
5,705,860 |
|
|||||||
|
|
|
|
|
|
10,614,548 |
|
|||||||
Colorado 2.6% |
|
|
|
|
|
|
|
|||||||
Colorado Health Facilities Authority, RB |
|
|
|
|
|
|
|
|||||||
Series C-3, 5.10%, 10/01/41 |
|
|
1,870 |
|
|
1,858,462 |
|
|||||||
Series C-7, 5.00%, 9/01/36 |
|
|
1,200 |
|
|
1,193,148 |
|
|||||||
Colorado Health Facilities Authority, |
|
|
1,080 |
|
|
1,113,917 |
|
|||||||
|
|
|
|
|
|
4,165,527 |
|
|||||||
Connecticut 3.0% |
|
|
|
|
|
|
|
|||||||
Connecticut State Health & Educational |
|
|
|
|
|
|
|
|||||||
Series T-1, 4.70%, 7/01/29 |
|
|
2,300 |
|
|
2,421,256 |
|
|||||||
Series X-3, 4.85%, 7/01/37 |
|
|
2,370 |
|
|
2,410,646 |
|
|||||||
|
|
|
|
|
|
4,831,902 |
|
|
|
|
|
|
|
|
|
|
BLACKROCK MUNIHOLDINGS FUND II, INC. |
JULY 31, 2011 |
5 |
|
|
|
|
Schedule of Investments (continued) |
BlackRock MuniHoldings Fund II, Inc. (MUH) |
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|||||||
Municipal Bonds Transferred to
Tender |
|
Par |
|
Value |
|
|||||||||
Georgia 1.0% |
|
|
|
|
|
|
|
|||||||
Private Colleges & Universities Authority, |
|
$ |
1,649 |
|
$ |
1,693,949 |
|
|||||||
Massachusetts 1.9% |
|
|
|
|
|
|
|
|||||||
Massachusetts School Building Authority, |
|
|
2,999 |
|
|
3,117,145 |
|
|||||||
New Hampshire 0.7% |
|
|
|
|
|
|
|
|||||||
New Hampshire Health & Education |
|
|
1,019 |
|
|
1,079,854 |
|
|||||||
New York 4.5% |
|
|
|
|
|
|
|
|||||||
New York City Municipal Water Finance |
|
|
810 |
|
|
866,281 |
|
|||||||
New York State Dormitory Authority, ERB, |
|
|
2,910 |
|
|
2,965,417 |
|
|||||||
Sales Tax Asset Receivable Corp., RB, |
|
|
|
|
|
|
|
|||||||
Series A (AMBAC), 5.25%, 10/15/27 |
|
|
3,200 |
|
|
3,440,451 |
|
|||||||
|
|
|
|
|
|
7,272,149 |
|
|||||||
North Carolina 0.5% |
|
|
|
|
|
|
|
|||||||
North Carolina Capital Facilities Finance |
|
|
800 |
|
|
822,944 |
|
|||||||
Ohio 4.5% |
|
|
|
|
|
|
|
|||||||
State of Ohio, Refunding RB, Cleveland |
|
|
6,980 |
|
|
7,224,509 |
|
|||||||
Tennessee 1.6% |
|
|
|
|
|
|
|
|||||||
Shelby County Health Educational & |
|
|
2,500 |
|
|
2,563,425 |
|
|||||||
Texas 2.1% |
|
|
|
|
|
|
|
|||||||
County of Harris Texas, RB, Senior Lien, |
|
|
3,360 |
|
|
3,429,048 |
|
|||||||
Virginia 7.6% |
|
|
|
|
|
|
|
|||||||
University of Virginia, Refunding RB, |
|
|
2,730 |
|
|
2,833,849 |
|
|||||||
Virginia HDA, RB, Sub-Series H-1 (NPFGC), |
|
|
7,900 |
|
|
7,904,266 |
|
|||||||
Virginia Small Business Financing |
|
|
1,553 |
|
|
1,577,784 |
|
|||||||
|
|
|
|
|
|
12,315,899 |
|
|||||||
Washington 0.9% |
|
|
|
|
|
|
|
|||||||
Central Puget Sound Regional Transit |
|
|
1,365 |
|
|
1,412,773 |
|
|||||||
|
|
|
|
|
|
|
|
|||||||
|
|
|
|
|
|
|
|
|||||||
Municipal Bonds Transferred to
Tender |
|
Par |
|
Value |
|
|||||||||
Wisconsin 1.8% |
|
|
|
|
|
|
|
|||||||
Wisconsin Health & Educational Facilities |
|
$ |
2,859 |
|
$ |
2,869,891 |
|
|||||||
Total Municipal Bonds Transferred to |
|
|
|
|
|
63,413,563 |
|
|||||||
Total Long-Term Investments |
|
|
|
|
|
245,207,514 |
|
|||||||
|
|
|
|
|
|
|
|
|||||||
|
||||||||||||||
|
||||||||||||||
Short-Term Securities |
|
Shares |
|
|
|
|
||||||||
FFI Institutional Tax-Exempt Fund, |
|
|
1,694,296 |
|
|
1,694,296 |
|
|||||||
|
|
|
|
|
|
|
|
|||||||
|
|
|
|
|
|
|
|
|||||||
|
|
Par |
|
|
|
|
||||||||
Michigan Finance Authority, RB, SAN, |
|
$ |
1,630 |
|
|
1,657,955 |
|
|||||||
Total Short-Term Securities |
|
|
|
|
|
3,352,251 |
|
|||||||
Total Investments |
|
|
|
|
|
248,559,765 |
|
|||||||
Other Assets Less Liabilities 1.2% |
|
|
|
|
|
1,957,088 |
|
|||||||
Liability for TOB Trust Certificates,
Including Interest |
|
|
|
|
|
(33,627,733 |
) |
|||||||
AMPS, at Redemption Value (34.0)% |
|
|
|
|
|
(55,050,000 |
) |
|||||||
Net Assets Applicable to Common Shares 100.0% |
|
|
|
|
$ |
161,839,120 |
|
|
|
|
|
|
|
|
|
|
Aggregate cost |
|
$ |
209,515,956 |
|
Gross unrealized appreciation |
|
$ |
8,721,271 |
|
Gross unrealized depreciation |
|
|
(3,294,466 |
) |
Net unrealized appreciation |
|
$ |
5,426,805 |
|
|
|
(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 TOB in exchange for which the Fund acquired residual interest certificates. These securities serve as collateral in a financing transaction. |
|
|
|
|
|
|
|
|
|
BLACKROCK MUNIHOLDINGS FUND II, INC. |
JULY 31, 2011 |
6 |
|
|
|
|
Schedule of Investments (concluded) |
BlackRock MuniHoldings Fund II, Inc. (MUH) |
|
|
(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, were as follows: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Affiliate |
|
Shares |
|
Net |
|
Shares |
|
Income |
|
||||
FFI Institutional Tax-Exempt Fund |
|
|
3,999,689 |
|
|
(2,305,393 |
) |
|
1,694,296 |
|
$ |
316 |
|
|
|
(e) |
Represents the current yield as of report date. |
|
|
|
Financial futures contracts sold as of July 31, 2011 were as follows: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Notional |
|
Unrealized |
|
||
Contracts |
|
Issue |
|
Exchange |
|
Expiration |
|
Value |
|
Depreciation |
|
||
570 |
|
10-Year US Treasury Note |
|
Chicago Board of Trade |
|
September 2011 |
|
$ |
6,989,071 |
|
$ |
(175,116 |
) |
|
|
|
|
Fair Value Measurements - Various inputs are used in determining the fair value of investments and derivative financial instruments. These inputs are categorized in three broad levels for financial reporting purposes 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 and derivative financial instruments) |
The categorization of a value determined for investments and derivative financial instruments is based on the pricing transparency of the investment and derivative financial instrument and does not necessarily correspond to the Funds perceived risk of investing in those securities. For information about the Funds policy regarding valuation of investments and derivative financial instruments and other significant accounting policies, please refer to the Funds most recent financial statements as contained in its annual report.
The following tables summarize the inputs used as of July 31, 2011 in determining the fair valuation of the Funds investments and derivative financial instruments:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Valuation Inputs |
|
Level 1 |
|
Level 2 |
|
Level 3 |
|
Total |
|
||||
Assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Investments: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Long-Term Investments1 |
|
|
|
|
$ |
245,207,514 |
|
|
|
|
$ |
245,207,514 |
|
Short-Term Securities |
|
$ |
1,694,296 |
|
|
1,657,955 |
|
|
|
|
|
3,352,251 |
|
Total |
|
$ |
1,694,296 |
|
$ |
246,865,469 |
|
|
|
|
$ |
248,559,765 |
|
|
|
1 |
See above Schedule of Investments for values in each state or political subdivision. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
Valuation Inputs |
|
Level 1 |
|
Level 2 |
|
Level 3 |
|
Total |
|
||||
Derivative financial Instruments2 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest rate contracts |
|
$ |
(175,116 |
) |
|
|
|
|
|
|
$ |
(175,116 |
) |
|
|
2 |
Derivative financial instruments are financial futures contracts, which are valued at the unrealized appreciation/depreciation on the instrument. |
|
|
|
|
|
|
|
|
|
BLACKROCK MUNIHOLDINGS FUND II, INC. |
JULY 31, 2011 |
7 |
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/ John M. Perlowski |
|
|
|
John M. Perlowski |
|
|
|
Chief Executive Officer (principal executive officer) of |
|
|
|
BlackRock MuniHoldings Fund II, Inc. |
|
|
|
||
|
Date: September 26, 2011 |
||
|
|
||
|
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/ John M. Perlowski |
|
|
|
John M. Perlowski |
|
|
|
Chief Executive Officer (principal executive officer) of |
|
|
|
BlackRock MuniHoldings Fund II, Inc. |
|
|
|
||
|
Date: September 26, 2011 |
||
|
|
||
|
By: | /s/ Neal J. Andrews |
|
|
|
Neal J. Andrews |
|
|
|
Chief Financial Officer (principal financial officer) of |
|
|
|
BlackRock MuniHoldings Fund II, Inc. |
|
|
|
|
|
|
Date: September 26, 2011 |