bsd.htm - Produced by Pellegrini and Associates, Inc. | 134 Spring Street New York NY 10012 | (212) 925-5151

UNITEDSTATES
SECURITIESANDEXCHANGECOMMISSION
Washington,D.C.20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number 811-09401

Name of Fund: The BlackRock Strategic Municipal Trust (BSD)

Fund Address: 100 Bellevue Parkway, Wilmington, DE 19809

Name and address of agent for service: Anne F. Ackerley, Chief Executive Officer, The BlackRock
Strategic Municipal Trust, 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



Schedule of Investments July 31, 2010 (Unaudited)

BlackRock Strategic Municipal Trust (BSD)
(Percentages shown are based on Net Assets)

  Par   
Municipal Bonds  (000)  Value 
Arizona — 3.7%     
Maricopa County Pollution Control Corp.,     
Refunding RB, Southern California     
Edison Co., Series A, 5.00%, 6/01/35 $  540  $ 543,299 
Pima County IDA, Refunding IDRB,     
Tucson Electric Power, 5.75%,     
9/01/29  350  357,549 
Salt River Project Agricultural     
Improvement & Power District, RB,     
Series A, 5.00%, 1/01/38  625  654,944 
Salt Verde Financial Corp., RB, Senior,     
5.00%, 12/01/37  1,320  1,171,038 
San Luis Facility Development Corp., RB,     
Senior Lien, Regional Detention     
Center Project:     
6.25%, 5/01/15  210  199,910 
7.00%, 5/01/20  210  199,036 
7.25%, 5/01/27  420  392,595 
    3,518,371 
California — 16.8%     
Bay Area Toll Authority, Refunding RB,     
San Francisco Bay Area, Series F-1,     
5.63%, 4/01/44  720  787,298 
California County Tobacco Securitization     
Agency, RB, CAB, Stanislaus, Sub-     
Series C, 6.30%, 6/01/55 (a)  3,095  38,130 
California State Public Works Board, RB,     
Various Capital Projects,     
Sub-Series I-1, 6.38%, 11/01/34  375  400,189 
Los Angeles Department of Airports, RB,     
Series A, 5.25%, 5/15/39  250  261,258 
Los Angeles Department of Airports,     
Refunding RB, Senior, Los Angeles     
International Airport, Series A, 5.00%,     
5/15/40  1,875  1,906,819 
Los Angeles Unified School District     
California, GO, Series D, 5.00%,     
7/01/26  1,585  1,690,624 
San Francisco City & County Public     
Utilities Commission, RB, Series B,     
5.00%, 11/01/39  2,965  3,114,940 
State of California, GO, Various Purpose:     
6.00%, 3/01/33  800  866,000 
6.50%, 4/01/33  650  730,997 
(CIFG), 5.00%, 3/01/33  1,535  1,510,440 

 

  Par   
Municipal Bonds  (000)  Value 
California (concluded)     
University of California, RB, Limited     
Project, Series B, 4.75%, 5/15/38 $  1,310  $ 1,313,969 
West Valley-Mission Community College     
District, GO, Election of 2004,     
Series A (AGM), 4.75%, 8/01/30  3,350  3,383,098 
    16,003,762 
Colorado — 5.6%     
City of Colorado Springs Colorado, RB,     
Subordinate Lien, Improvement,     
Series C (AGM), 5.00%, 11/15/45  395  406,996 
Colorado Health Facilities Authority,     
Refunding RB, Catholic Healthcare,     
Series A, 5.50%, 7/01/34  680  725,363 
Colorado Health Facilities Authority,     
Refunding RB, Sisters of Leavenworth,     
Series A, 5.00%, 1/01/40  690  690,483 
Northwest Parkway Public Highway     
Authority Colorado, RB, CAB, Senior     
Series B (AGM), 6.30%,     
6/15/11 (a)(b)  10,000  3,074,400 
Park Creek Metropolitan District     
Colorado, Refunding RB, Senior,     
Limited Tax, Property Tax, 5.50%,     
12/01/37  440  426,070 
    5,323,312 
District of Columbia — 0.7%     
Metropolitan Washington Airports     
Authority, RB, First Senior Lien,     
Series A:     
5.00%, 10/01/39  160  164,854 
5.25%, 10/01/44  465  485,958 
    650,812 
Florida — 7.5%     
Arborwood Community Development     
District, Special Assessment Bonds,     
Master Infrastructure Projects,     
Series B, 5.10%, 5/01/14  1,440  1,071,749 
County of Miami-Dade Florida,     
Refunding RB, Miami International     
Airport, Series A-1, 5.38%, 10/01/41  370  376,497 
County of Orange Florida, Refunding RB     
(Syncora), 4.75%, 10/01/32  15  14,837 

 

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:

AGC  Assured Guaranty Corp.  GO  General Obligation Bonds 
AGM  Assured Guaranty Municipal Corp.  HDA  Housing Development Authority 
AMBAC  American Municipal Bond Assurance Corp.  IDA  Industrial Development Authority 
AMT  Alternative Minimum Tax (subject to)  IDRB  Industrial Development Revenue Bonds 
CAB  Capital Appreciation Bonds  ISD  Independent School District 
CIFG  CDC IXIS Financial Guaranty  NPFGC  National Public Finance Guarantee Corp. 
EDA  Economic Development Authority  PSF-GTD  Permanent School Fund Guaranteed 
EDC  Economic Development Corp.  RB  Revenue Bonds 
ERB  Education Revenue Bonds     

 

BLACKROCK STRATEGIC MUNICIPAL TRUST

JULY 31, 2010

1



Schedule of Investments(continued)

BlackRock Strategic Municipal Trust (BSD)
(Percentages shown are based on Net Assets)

    Par   
Municipal Bonds    (000)  Value 
Florida (concluded)       
Hillsborough County IDA, RB, National     
Gypsum Co., Series A, AMT, 7.13%,     
4/01/30  $ 3,300  $ 3,116,784 
Miami Beach Health Facilities Authority,     
RB, Mount Sinai Medical Center of     
Florida, 6.75%, 11/15/21    1,245  1,296,891 
Sumter Landing Community       
Development District Florida, RB, Sub-     
Series B, 5.70%, 10/01/38    1,565  1,270,483 
      7,147,241 
Georgia — 1.5%       
De Kalb Private Hospital Authority,       
Refunding RB, Children's Healthcare,     
5.25%, 11/15/39    265  274,238 
Metropolitan Atlanta Rapid Transit       
Authority, RB, Third Series, 5.00%,       
7/01/39    1,095  1,152,082 
      1,426,320 
Guam — 0.8%       
Territory of Guam, GO, Series A:       
6.00%, 11/15/19    200  207,696 
6.75%, 11/15/29    290  310,941 
7.00%, 11/15/39    195  210,877 
      729,514 
Illinois — 9.0%       
Illinois Finance Authority, RB:       
MJH Education Assistance IV LLC,     
Sub-Series B, 5.38%,       
6/01/35 (c)(d)    300  81,003 
Northwestern University, 5.00%,       
12/01/33    5,000  5,148,150 
Illinois Finance Authority, Refunding RB:     
Central DuPage Health, Series B,     
5.50%, 11/01/39    2,500  2,608,425 
Friendship Village Schaumburg,       
Series A, 5.63%, 2/15/37    145  117,503 
OSF Healthcare System, Series A,     
6.00%, 5/15/39    410  413,883 
State of Illinois, RB, Build Illinois,       
Series B, 5.25%, 6/15/34    200  206,722 
      8,575,686 
Indiana — 1.7%       
Indiana Finance Authority, RB, Sisters of     
St. Francis Health, 5.25%, 11/01/39  270  276,134 
Indiana Health Facility Financing       
Authority, Refunding RB, Methodist     
Hospital Inc., 5.38%, 9/15/22    1,060  1,006,046 
Indiana Municipal Power Agency, RB,     
Indiana Municipal Power Agency,       
Series B, 6.00%, 1/01/39    350  380,814 
      1,662,994 
Kansas — 0.6%       
Kansas Development Finance Authority,     
Refunding RB, Sisters of Leavenworth,     
Series A, 5.00%, 1/01/40    525  531,274 

 

    Par   
Municipal Bonds    (000)  Value 
Kentucky — 8.3%       
Kentucky Economic Development       
Finance Authority, Refunding RB:       
Norton Healthcare Inc., Series B       
(NPFGC), 6.20%, 10/01/24 (a)  $ 16,915  $ 7,546,627 
Owensboro Medical Health System,     
Series A, 6.38%, 6/01/40    320  333,370 
      7,879,997 
Maryland — 2.6%       
Maryland Community Development       
Administration, Refunding RB,       
Residential, Series A, AMT, 4.70%,       
9/01/37    2,500  2,389,975 
Maryland EDC, RB, Transportation       
Facilities Project, Series A, 5.75%,       
6/01/35    135  138,040 
      2,528,015 
Massachusetts — 0.6%       
Massachusetts Health & Educational     
Facilities Authority, Refunding RB,       
Partners Healthcare, Series J1,       
5.00%, 7/01/39    570  583,572 
Michigan — 0.7%       
Michigan State Hospital Finance       
Authority, Refunding RB, Henry Ford     
Health System, Series A, 5.25%,       
11/15/46    730  671,045 
Montana — 0.7%       
Montana Facility Finance Authority,       
Refunding RB, Sisters of Leavenworth,     
Series A, 4.75%, 1/01/40    715  717,131 
Multi-State — 5.8%       
Centerline Equity Issuer Trust, 7.60%,     
12/15/50 (e)(f)    2,000  2,028,840 
MuniMae TE Bond Subsidiary LLC,       
7.50%, 6/30/49 (e)(f)(g)    3,787  3,511,857 
      5,540,697 
Nebraska — 0.8%       
Douglas County Hospital Authority No. 2,     
RB, Health Facilities, Immanuel       
Obligation Group, 5.63%, 1/01/40  720  731,801 
Nevada — 0.9%       
County of Clark Nevada, Refunding RB,     
Alexander Dawson School Nevada       
Project, 5.00%, 5/15/29    880  886,089 
New Jersey — 6.6%       
Middlesex County Improvement       
Authority, RB, Subordinate, Heldrich     
Center Hotel, Series B, 6.25%,       
1/01/37    645  119,196 
New Jersey EDA, RB:       
Cigarette Tax, 5.50%, 6/15/24    2,015  1,993,117 
Continental Airlines Inc. Project,       
AMT, 6.63%, 9/15/12    500  507,485 
New Jersey State Turnpike Authority,       
RB, Series E, 5.25%, 1/01/40    1,355  1,433,305 

 

2 BLACKROCK STRATEGIC MUNICIPAL TRUST

JULY 31, 2010



Schedule of Investments(continued)

BlackRock Strategic Municipal Trust (BSD)
(Percentages shown are based on Net Assets)

    Par   
Municipal Bonds    (000)  Value 
New Jersey (concluded)       
Tobacco Settlement Financing Corp.       
New Jersey, Refunding RB, Series 1A,     
4.50%, 6/01/23  $ 2,390  $ 2,188,356 
      6,241,459 
New York — 3.8%       
Albany Industrial Development Agency,     
RB, New Covenant Charter School       
Project, Series A, 7.00%,       
5/01/35 (c)(d)    315  125,997 
New York City Industrial Development     
Agency, RB, American Airlines Inc.,     
JFK International Airport, AMT, 7.75%,     
8/01/31 (g)    3,000  3,111,480 
New York Liberty Development Corp.,     
Refunding RB, Second Priority, Bank     
of America Tower at One Bryant Park     
Project, 6.38%, 7/15/49    385  402,356 
      3,639,833 
North Carolina — 1.1%       
North Carolina Medical Care       
Commission, RB, Duke University       
Health System, Series A:       
5.00%, 6/01/39    200  205,450 
5.00%, 6/01/42    440  450,388 
North Carolina Municipal Power Agency     
No. 1 Catawba, Refunding RB,       
Series A, 5.00%, 1/01/30    340  351,312 
      1,007,150 
Ohio — 2.5%       
Buckeye Tobacco Settlement Financing     
Authority, RB, Asset-Backed, Senior     
Series A-2, 6.50%, 6/01/47    1,880  1,457,978 
County of Montgomery Ohio, Refunding     
RB, Catholic Healthcare, Series A,       
5.00%, 5/01/39    885  916,010 
      2,373,988 
Oklahoma — 1.3%       
Tulsa Airports Improvement Trust, RB,     
Series A, Mandatory Put Bonds, AMT,     
7.75%, 6/01/35 (g)    1,225  1,240,692 
Pennsylvania — 8.8%       
Allegheny County Hospital Development     
Authority, Refunding RB, Health       
System, West Penn, Series A, 5.38%,     
11/15/40    1,000  710,850 
Pennsylvania Economic Development     
Financing Authority, RB:       
Amtrak Project, Series A, AMT,       
6.50%, 11/01/16    1,000  1,032,230 
Amtrak Project, Series A, AMT,       
6.13%, 11/01/21    700  714,098 
Amtrak Project, Series A, AMT,       
6.25%, 11/01/31    1,000  1,014,600 
Aqua Pennsylvania Inc. Project,       
5.00%, 11/15/40    600  616,566 
Reliant Energy, Series A, AMT,       
6.75%, 12/01/36    2,000  2,062,580 

 

    Par   
Municipal Bonds    (000)  Value 
Pennsylvania (concluded)       
Pennsylvania Turnpike Commission, RB,     
Sub-Series B, 5.25%, 6/01/39  $ 2,175  $ 2,239,924 
      8,390,848 
Puerto Rico — 3.1%       
Commonwealth of Puerto Rico, GO,       
Refunding, Public Improvement,       
Series C, 6.00%, 7/01/39    940  996,522 
Puerto Rico Sales Tax Financing Corp.,     
RB, First Sub-Series A, 6.50%,       
8/01/44    1,770  1,961,939 
      2,958,461 
South Carolina — 3.1%       
South Carolina Jobs-EDA, Refunding RB,     
Palmetto Health, Series C,:       
7.00%, 8/01/13 (b)    2,500  2,945,726 
Texas — 20.3%       
Brazos River Authority, RB, TXU Electric,     
Series A, AMT, 8.25%, 10/01/30    730  396,032 
Brazos River Authority, Refunding RB,     
TXU Electric Co. Project, Series C,       
Mandatory Put Bonds, AMT, 5.75%,     
5/01/36 (g)    705  671,717 
City of Dallas Texas, Refunding RB,       
5.00%, 10/01/35    475  506,569 
City of Houston Texas, RB, Senior Lien,     
Series A, 5.50%, 7/01/39    485  520,667 
City of Houston Texas, Refunding RB,     
Combined, First Lien, Series A (AGC),     
6.00%, 11/15/35    2,730  3,142,094 
Harris County-Houston Sports Authority,     
Refunding RB, CAB, Senior Lien,       
Series A (NPFGC), 6.17%,       
11/15/38 (a)    4,750  667,090 
La Joya ISD Texas, GO (PSF-GTD),       
5.00%, 2/15/34    4,060  4,179,242 
La Vernia Higher Education Finance       
Corp., RB, KIPP Inc., 6.38%, 8/15/44  500  514,680 
North Texas Tollway Authority, RB, Toll,     
2nd Tier, Series F, 6.13%, 1/01/31  1,025  1,092,609 
Tarrant County Cultural Education       
Facilities Finance Corp., RB, Scott &     
White Healthcare, 6.00%, 8/15/45  1,270  1,340,523 
Texas Private Activity Bond Surface       
Transportation Corp., RB:       
Senior Lien, LBJ Infrastructure,       
7.00%, 6/30/40    1,355  1,409,674 
Senior Lien, Note Mobility, 6.88%,     
12/31/39    1,220  1,266,189 
Texas State Turnpike Authority, RB, CAB     
(AMBAC), 6.05%, 8/15/31 (a)    15,000  3,635,850 
      19,342,936 
Utah — 1.2%       
City of Riverton Utah, RB, IHC Health       
Services Inc., 5.00%, 8/15/41    1,150  1,176,852 
Virginia — 4.9%       
City of Norfolk Virginia, Refunding RB,     
Series B (AMBAC), 5.50%, 2/01/31  420  417,955 
Tobacco Settlement Financing Corp.       
Virginia, Refunding RB, Senior       
Series B1, 5.00%, 6/01/47    935  605,291 

 

BLACKROCK STRATEGIC MUNICIPAL TRUST

JULY 31, 2010

3



Schedule of Investments(continued)

BlackRock Strategic Municipal Trust (BSD)
(Percentages shown are based on Net Assets)

    Par   
Municipal Bonds    (000)  Value 
Virginia (concluded)       
University of Virginia, Refunding RB,       
General, 5.00%, 6/01/40  $ 2,500  $ 2,661,425 
Virginia HDA, RB, Sub-Series H-1       
(NPFGC), 5.35%, 7/01/31    960  967,833 
      4,652,504 
Wisconsin — 4.7%       
Wisconsin Health & Educational       
Facilities Authority, RB, Ascension       
Health Credit Group, Series A, 5.00%,     
11/15/31    4,330  4,444,832 
Wyoming — 1.2%       
County of Sweetwater Wyoming,       
Refunding RB, Idaho Power Co.       
Project, 5.25%, 7/15/26    975  1,037,838 
Wyoming Municipal Power Agency, RB,     
Series A, 5.00%, 1/01/42    95  95,385 
      1,133,223 
Total Municipal Bonds – 130.9%      124,656,137 
Municipal Bonds Transferred to Tender     
Option Bond Trusts (h)       
Alabama — 0.8%       
Alabama Special Care Facilities       
Financing Authority-Birmingham,       
Refunding RB, Ascension Health       
Senior Credit, Series C-2, 5.00%,       
11/15/36    760  772,765 
California — 2.4%       
California Educational Facilities       
Authority, RB, University of Southern     
California, Series A, 5.25%, 10/01/18  855  918,937 
Los Angeles Community College District     
California, GO, Election of 2001,       
Series A (AGM), 5.00%, 8/01/32    740  759,329 
San Diego Community College District     
California, GO, Election of 2002,       
5.25%, 8/01/33    553  589,827 
      2,268,093 
Colorado — 2.1%       
Colorado Health Facilities Authority, RB,     
Catholic Health (AGM):       
Series C-3, 5.10%, 10/01/41    1,210  1,226,129 
Series C-7, 5.00%, 9/01/36    780  789,945 
      2,016,074 
Connecticut — 3.4%       
Connecticut State Health & Educational     
Facility Authority, RB, Yale University:     
Series T-1, 4.70%, 7/01/29    1,580  1,668,717 
Series X-3, 4.85%, 7/01/37    1,540  1,606,851 
      3,275,568 
Illinois — 1.6%       
Chicago Housing Authority, Refunding     
RB (AGM), 5.00%, 7/01/24    1,424  1,496,551 

 

Municipal Bonds Transferred to Tender  Par   
Option Bond Trusts (h)  (000)  Value 
Massachusetts — 2.2%     
Massachusetts Water Resources     
Authority, Refunding RB, General,     
Series A, 5.00%, 8/01/41  $ 1,980  $ 2,053,696 
New Hampshire — 0.7%     
New Hampshire Health & Education     
Facilities Authority, Refunding RB,     
Dartmouth College, 5.25%, 6/01/39  645  702,657 
New York — 3.5%     
New York City Municipal Water Finance     
Authority, RB, Series FF-2, 5.50%,     
6/15/40  510  569,340 
New York State Dormitory Authority,     
ERB, Series F, 5.00%, 3/15/35  2,685  2,774,076 
    3,343,416 
Tennessee — 1.4%     
Shelby County Health Educational &     
Housing Facilities Board, Refunding     
RB, St. Jude's Children's Research     
Hospital, 5.00%, 7/01/31  1,280  1,331,776 
Texas — 2.3%     
County of Harris Texas, RB, Senior Lien,     
Toll Road, Series A, 5.00%, 8/15/38  2,140  2,228,403 
Virginia — 2.0%     
University of Virginia, Refunding RB,     
General, 5.00%, 6/01/40  1,790  1,905,580 
Washington — 3.7%     
Central Puget Sound Regional Transit     
Authority, RB, Series A (AGM), 5.00%,     
11/01/32  900  953,036 
State of Washington, GO, Various     
Purpose, Series E, 5.00%, 2/01/34  2,400  2,549,736 
    3,502,772 
Total Municipal Bonds Transferred to     
Tender Option Bond Trusts – 26.1%    24,897,351 
Total Long-Term Investments     
(Cost – $148,722,707) – 157.0%    149,553,488 
Short-Term Securities  Shares   
FFI Institutional Tax-Exempt Fund,     
0.21% (i)(j)  1,492,808  1,492,808 
Total Short-Term Securities     
(Cost – $1,492,808) – 1.6%    1,492,808 
Total Investments     
(Cost – $150,215,515*) – 158.6%    151,046,296 
Other Assets Less Liabilities – 0.7%    705,314 
Liability for Trust Certificates, Including Interest   
Expense and Fees Payable – (14.2)%    (13,561,343) 
Preferred Shares, at Redemption Value – (45.1)%  (42,977,006) 
Net Assets Applicable to Common Shares – 100.0%  $ 95,213,261 

 

4 BLACKROCK STRATEGIC MUNICIPAL TRUST

JULY 31, 2010



Schedule of Investments (concluded)

BlackRock Strategic Municipal Trust (BSD)

* The cost and unrealized appreciation (depreciation) of investments as of

July 31, 2010, as computed for federal income tax purposes, were as 
Aggregate follows: cost  $ 136,345,740 
Gross unrealized appreciation  $ 5,054,524 
Gross Net unrealized unrealized appreciation depreciation  $ (3,900,132) 1,154,392 

 

(a) Represents a zero-coupon bond. Rate shown reflects the current yield as
of report date.
(b) US government securities, held in escrow, are used to pay interest on this
security as well as to retire the bond in full at the date indicated, typically
at a premium to par.
(c) Issuer filed for bankruptcy and/or is in default of interest payments.
(d) Non-income producing security.
(e) Security exempt from registration under Rule 144A of the Securities Act
of 1933. These securities may be resold in transactions exempt from
registration to qualified institutional investors.
(f) Security represents a beneficial interest in a trust. The collateral
deposited into the trust is federally tax-exempt revenue bonds issued by
various state or local governments, or their respective agencies or
authorities. The security is subject to remarketing prior to its stated
maturity.
(g) Variable rate security. Rate shown is as of report date.
(h) 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.   
(i)  Investments in companies considered to be an affiliate of the Trust, 
  during the period, for purposes of Section 2(a)(3) of the Investment 
  Company Act of 1940, as amended, were as follows:   
    Shares Held    Shares Held   
    at April 30,  Net  at July 31,   
  Affiliate  2010  Activity  2010  Income 
  FFI Institutional         
  Tax-Exempt         
  Fund  1,940,417  (447,609)  1,492,808 $  700 
(j)  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 Trust’s 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 Trust’s policy regarding valuation of investments and
other significant accounting policies, please refer to the Trust’s 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 Trust’s investments:

Valuation Inputs  Level 1  Level 2  Level 3  Total 
Assets:         
Investments in Securities:       
Long-Term         
Investments1  —     $ 149,553,488    $ 149,553,488 
Short-Term         
Securities  $ 1,492,808      1,492,808 
Total  $ 1,492,808    $ 149,553,488    $ 151,046,296 

 

1 See above Schedule of Investments for values in each state or political
subdivision.

BLACKROCK STRATEGIC MUNICIPAL TRUST

JULY 31, 2010

5



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.

The BlackRock Strategic Municipal Trust

By: /s/ Anne F. Ackerley
Anne F. Ackerley
Chief Executive Officer of
The BlackRock Strategic Municipal Trust

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
The BlackRock Strategic Municipal Trust

Date: September 27, 2010

By: /s/ Neal J. Andrews
Neal J. Andrews
Chief Financial Officer (principal financial officer) of
The BlackRock Strategic Municipal Trust

Date: September 27, 2010