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 811-05611
Name of Fund: BlackRock MuniVest Fund, Inc. (MVF)
Fund Address: 100 Bellevue Parkway, Wilmington, DE 19809
Name and address of agent for service: Donald C. Burke, Chief Executive Officer, BlackRock MuniVest Fund, Inc., 800 Scudders Mill Road, Plainsboro, NJ, 08536. Mailing address: P.O. Box 9011, Princeton, NJ, 08543-9011
Registrant’s telephone number, including area code: (800) 882-0052, Option 4
Date of fiscal year end: 08/31/2009
Date of reporting period: 05/31/2009
Item 1 – Schedule of Investments
|
|
|
|
BlackRock MuniVest Fund, Inc. |
|
|
|
|
|
Schedule of Investments May 31, 2009 (Unaudited) |
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
State |
|
Municipal Bonds |
|
Par |
|
Value |
|
||
|
|
|
|
|
|
|
|
|
|
|
|
Alabama - 2.1% |
|
Camden, Alabama, IDB, Exempt Facilities Revenue Bonds (Weyerhaeuser Company), Series A, 6.125%, 12/01/13 (a) |
|
$ |
2,550 |
|
$ |
2,990,589 |
|
|
|
|
Prattville, Alabama, IDB, Environmental Improvement Revenue Bonds (International Paper Company Projects), AMT, Series A, 4.75%, 12/01/30 |
|
|
6,500 |
|
|
4,120,090 |
|
|
|
|
Selma, Alabama, IDB, Environmental Improvement Revenue Refunding Bonds (International Paper Company Project), Series B, 5.50%, 5/01/20 |
|
|
5,000 |
|
|
4,337,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
11,447,679 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Arizona - 2.0% |
|
Maricopa County, Arizona, IDA, Education Revenue Bonds (Arizona Charter Schools Project 1), Series A, 6.75%, 7/01/29 |
|
|
4,100 |
|
|
2,764,958 |
|
|
|
|
Phoenix, Arizona, Civic Improvement Corporation, Water System Revenue Refunding Bonds, Junior Lien, Series A, 5%, 7/01/34 |
|
|
3,500 |
|
|
3,549,700 |
|
|
|
|
Pima County, Arizona, IDA, Education Revenue Bonds (Arizona Charter Schools Project), Series E, 7.25%, 7/01/31 |
|
|
2,025 |
|
|
1,575,653 |
|
|
|
|
Pima County, Arizona, IDA, Education Revenue Bonds (Arizona Charter Schools Project), Series I, 6.10%, 7/01/24 |
|
|
490 |
|
|
357,186 |
|
|
|
|
Pima County, Arizona, IDA, Education Revenue Bonds (Arizona Charter Schools Project), Series I, 6.30%, 7/01/31 |
|
|
985 |
|
|
681,975 |
|
|
|
|
Pima County, Arizona, IDA, Education Revenue Refunding Bonds (Arizona Charter Schools Project), Series O, 5%, 7/01/26 |
|
|
1,545 |
|
|
955,490 |
|
|
|
|
Pima County, Arizona, IDA, Education Revenue Refunding Bonds (Arizona Charter Schools Project II), Series A, 6.75%, 7/01/21 |
|
|
940 |
|
|
763,064 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10,648,026 |
|
|
|
|
|
|
|
|
|
|
|
|
|
California - 13.8% |
|
California HFA, Home Mortgage Revenue Bonds, AMT, Series K, 5.50%, 2/01/42 |
|
|
5,000 |
|
|
4,859,350 |
|
|
|
|
California Health Facilities Financing Authority, Revenue Refunding Bonds (Catholic Healthcare West), Series A, 6%, 7/01/34 |
|
|
1,055 |
|
|
1,070,076 |
|
|
|
|
California State, GO, 5.50%, 4/01/30 |
|
|
10 |
|
|
10,008 |
|
|
|
|
California State, GO, 6.50%, 4/01/33 |
|
|
9,700 |
|
|
10,543,900 |
|
|
|
|
California State Public Works Board, Lease Revenue Bonds (Department of Corrections), Series C, 5.50%, 6/01/22 |
|
|
5,000 |
|
|
4,983,900 |
|
|
|
|
California State Public Works Board, Lease Revenue Bonds (Department of Corrections), Series C, 5.50%, 6/01/23 |
|
|
6,000 |
|
|
5,912,520 |
|
|
|
|
California State Public Works Board, Lease Revenue Bonds (Department of Mental Health - Coalinga State Hospital), Series A, 5.125%, 6/01/29 |
|
|
11,075 |
|
|
10,086,889 |
|
|
|
|
|
|
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 list below. |
|
|
|
|
AMT |
Alternative Minimum Tax (subject to) |
|
EDA |
Economic Development Authority |
|
GO |
General Obligation Bonds |
|
HFA |
Housing Finance Agency |
|
IDA |
Industrial Development Authority |
|
IDB |
Industrial Development Board |
|
IDR |
Industrial Development Revenue Bonds |
|
PCR |
Pollution Control Revenue Bonds |
|
S/F |
Single-Family |
1
|
|
|
|
BlackRock MuniVest Fund, Inc. |
|
|
|
|
|
Schedule of Investments May 31, 2009 (Unaudited) |
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
State |
|
Municipal Bonds |
|
Par |
|
Value |
|
||
|
|
|
|
|
|
|
|
|
||
|
|
|
California Statewide Communities Development Authority, Health Facility Revenue Bonds (Memorial Health Services), Series A, 6%, 10/01/23 |
|
$ |
5,240 |
|
$ |
5,363,664 |
|
|
|
|
Chula Vista, California, IDR (San Diego Gas and Electric Company), AMT, Series B, 5%, 12/01/27 |
|
|
1,250 |
|
|
1,130,850 |
|
|
|
|
Golden State Tobacco Securitization Corporation of California, Tobacco Settlement Revenue Bonds, Series A-3, 7.875%, 6/01/13 (a) |
|
|
10,725 |
|
|
12,987,653 |
|
|
|
|
Golden State Tobacco Securitization Corporation of California, Tobacco Settlement Revenue Bonds, Series A-4, 7.80%, 6/01/13 (a) |
|
|
3,750 |
|
|
4,530,938 |
|
|
|
|
Golden State Tobacco Securitization Corporation of California, Tobacco Settlement Revenue Bonds, Series A-5, 7.875%, 6/01/13 (a) |
|
|
1,425 |
|
|
1,725,632 |
|
|
|
|
Los Angeles, California, Community College District, GO, Refunding (Election of 2008), Series A, 6%, 8/01/33 |
|
|
9,585 |
|
|
10,315,089 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
73,520,469 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Colorado - 1.1% |
|
Colorado HFA, Revenue Refunding Bonds (S/F Program), AMT, Senior Series A-2, 6.60%, 5/01/28 |
|
|
400 |
|
|
403,588 |
|
|
|
|
Colorado HFA, Revenue Refunding Bonds (S/F Program), AMT, Senior Series A-2, 7.50%, 4/01/31 |
|
|
160 |
|
|
171,142 |
|
|
|
|
Colorado Health Facilities Authority Revenue Bonds (Catholic Health Initiatives), Series D, 6.25%, 10/01/33 |
|
|
2,500 |
|
|
2,703,575 |
|
|
|
|
Colorado Health Facilities Authority Revenue Bonds (Lutheran Medical Center), Series A, 5.25%, 6/01/34 |
|
|
3,000 |
|
|
2,602,620 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5,880,925 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Connecticut - 0.3% |
|
Mohegan Tribe Indians Gaming Authority, Connecticut, Public Improvement Revenue Refunding Bonds (Priority Distribution), 6.25%, 1/01/31 |
|
|
2,810 |
|
|
1,826,500 |
|
|
|
|
|
|
|
|
|
|
|
|
|
District of Columbia - 1.5% |
|
District of Columbia, Water and Sewer Authority, Public Utility Revenue Refunding Bonds, Senior Lien, Series A, 5.50%, 10/01/39 |
|
|
7,500 |
|
|
7,776,525 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Florida - 6.8% |
|
Hillsborough County, Florida, IDA, Hospital Revenue Bonds (H. Lee Moffitt Cancer Center Project), Series A, 5.25%, 7/01/37 |
|
|
6,500 |
|
|
5,598,385 |
|
|
|
|
Miami-Dade County, Florida, Aviation Revenue Refunding Bonds (Miami International Airport), AMT, 5%, 10/01/40 (b)(c) |
|
|
10,000 |
|
|
8,549,000 |
|
|
|
|
Miami-Dade County, Florida, GO (Building Better Communities Program), Series B, 6.375%, 7/01/28 |
|
|
4,630 |
|
|
5,179,905 |
|
|
|
|
Miami-Dade County, Florida, GO (Building Better Communities Program), Series B-1, 5.625%, 7/01/38 |
|
|
5,000 |
|
|
5,040,400 |
|
|
|
|
Miami-Dade County, Florida, IDA, Solid Waste Disposal Revenue Bonds (Waste Management, Inc. Project), Series 1, 7%, 12/01/18 |
|
|
3,200 |
|
|
3,287,040 |
|
|
|
|
Orange County, Florida, Health Facilities Authority, Hospital Revenue Bonds (Adventist Health System), 5.625%, 11/15/12 (a) |
|
|
7,600 |
|
|
8,518,384 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
36,173,114 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Georgia - 3.0% |
|
Gainesville, Georgia, Redevelopment Authority, Educational Facilities Revenue Refunding Bonds (Riverside Military Academy), 5.125%, 3/01/37 |
|
|
1,100 |
|
|
552,453 |
|
|
|
|
Georgia Municipal Electric Authority, Power Revenue Refunding Bonds, Series W, 6.60%, 1/01/18 |
|
|
4,585 |
|
|
5,292,786 |
|
2
|
|
|
|
BlackRock MuniVest Fund, Inc. |
|
|
|
|
|
Schedule of Investments May 31, 2009 (Unaudited) |
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
State |
|
Municipal Bonds |
|
Par |
|
Value |
|
||
|
|
|
|
|
|
|
|
|
||
|
|
|
Georgia Municipal Electric Authority, Power Revenue Refunding Bonds, Series W, 6.60%, 1/01/18 (d) |
|
$ |
250 |
|
$ |
290,073 |
|
|
|
|
Main Street Natural Gas, Inc., Georgia, Gas Project Revenue Bonds, Series A, 6.375%, 7/15/38 (e)(f) |
|
|
3,270 |
|
|
1,324,350 |
|
|
|
|
Milledgeville-Baldwin County, Georgia, Development Authority Revenue Bonds (Georgia College and State University Foundation), 5.625%, 9/01/14 (a) |
|
|
3,000 |
|
|
3,582,810 |
|
|
|
|
Monroe County, Georgia, Development Authority, PCR, Refunding (Oglethorpe Power Corporation-Scherer), Series A, 6.80%, 1/01/11 |
|
|
4,785 |
|
|
5,093,967 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
16,136,439 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Idaho - 0.0% |
|
Idaho Housing Agency, S/F Mortgage Revenue Refunding Bonds, AMT, Series E-2, 6.90%, 1/01/27 |
|
|
160 |
|
|
160,216 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Illinois - 14.1% |
|
Chicago, Illinois, O’Hare International Airport, General Airport Revenue Bonds, Third Lien, AMT, Series B-2, 6%, 1/01/27 (g) |
|
|
17,080 |
|
|
17,119,626 |
|
|
|
|
Chicago, Illinois, O’Hare International Airport, General Airport Revenue Refunding Bonds, Third Lien, AMT, Series A, 5.75%, 1/01/19 (g) |
|
|
5,000 |
|
|
5,034,300 |
|
|
|
|
Chicago, Illinois, S/F Mortgage Revenue Bonds, AMT, Series C, 7%, 3/01/32 (h)(i)(j) |
|
|
60 |
|
|
61,857 |
|
|
|
|
Hodgkins, Illinois, Environmental Improvement Revenue Bonds (Metro Biosolids Management LLC Project), AMT, 6%, 11/01/23 |
|
|
10,000 |
|
|
9,970,800 |
|
|
|
|
Illinois Development Finance Authority Revenue Bonds (Community Rehabilitation Providers Facilities), Series A, 6.50%, 7/01/22 |
|
|
2,140 |
|
|
2,079,352 |
|
|
|
|
Illinois Development Finance Authority, Revenue Refunding Bonds (Community Rehabilitation Providers Facilities), Series A, 6%, 7/01/15 |
|
|
370 |
|
|
369,604 |
|
|
|
|
Illinois State Finance Authority Revenue Bonds (Advocate Health Care Network), Series D, 6.50%, 11/01/38 |
|
|
9,700 |
|
|
10,310,033 |
|
|
|
|
Illinois State Finance Authority Revenue Bonds (Community Rehabilitation Providers Facilities), 4.625%, 7/01/27 |
|
|
2,695 |
|
|
1,918,759 |
|
|
|
|
Illinois State Finance Authority, Revenue Refunding Bonds (Northwestern Memorial Hospital), Series A, 6%, 8/15/39 |
|
|
9,000 |
|
|
9,340,020 |
|
|
|
|
Illinois State Toll Highway Authority Revenue Bonds, Series B, 5.50%, 1/01/33 |
|
|
7,000 |
|
|
7,266,350 |
|
|
|
|
Kane and De Kalb Counties, Illinois, Community Unit School District Number 302, GO, 5.75%, 2/01/14 (a)(k) |
|
|
30 |
|
|
35,258 |
|
|
|
|
McLean and Woodford Counties, Illinois, Community Unit School District Number 005, GO, Refunding, 6.25%, 12/01/14 (l) |
|
|
1,005 |
|
|
1,109,580 |
|
|
|
|
Regional Transportation Authority, Illinois, Revenue Bonds, Series A, 7.20%, 11/01/20 (m) |
|
|
3,500 |
|
|
4,356,240 |
|
|
|
|
Regional Transportation Authority, Illinois, Revenue Bonds, Series C, 7.75%, 6/01/20 (g)(k) |
|
|
4,000 |
|
|
5,181,560 |
|
|
|
|
Will County, Illinois, School District Number 122 (New Lenox Elementary), GO, Series A, 6.50%, 11/01/10 (a)(l) |
|
|
395 |
|
|
427,102 |
|
|
|
|
Will County, Illinois, School District Number 122 (New Lenox Elementary), GO, Series A, 6.50%, 11/01/13 (l) |
|
|
505 |
|
|
539,537 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
75,119,978 |
|
|
|
|
|
|
|
|
|
|
|
|
3
|
|
|
|
BlackRock MuniVest Fund, Inc. |
|
|
|
|
|
Schedule of Investments May 31, 2009 (Unaudited) |
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
State |
|
Municipal Bonds |
|
Par |
|
Value |
|
||
|
|
|
|
|
|
|
|
|
|
|
|
Indiana - 6.4% |
|
Indiana Health and Educational Facilities Financing Authority, Hospital Revenue Bonds (Clarian Health Obligation), Series A, 5.25%, 2/15/40 |
|
$ |
8,980 |
|
$ |
7,662,275 |
|
|
|
|
Indiana Transportation Finance Authority, Highway Revenue Bonds, Series A, 6.80%, 12/01/16 |
|
|
8,195 |
|
|
9,458,505 |
|
|
|
|
Indianapolis, Indiana, Local Public Improvement Bond Bank, Revenue Refunding Bonds, Series D, 6.75%, 2/01/14 |
|
|
15,335 |
|
|
17,041,786 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
34,162,566 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Kansas - 0.5% |
|
Sedgwick and Shawnee Counties, Kansas, S/F Mortgage Revenue Bonds (Mortgage-Backed Securities Program), AMT, Series A-4, 5.95%, 12/01/33 (i)(j) |
|
|
2,695 |
|
|
2,722,327 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Kentucky - 1.6% |
|
Louisville and Jefferson Counties, Kentucky, Metropolitan Sewer District, Sewer and Drain System Revenue Bonds, Series A, 5%, 5/15/38 (k)(n) |
|
|
2,330 |
|
|
2,335,382 |
|
|
|
|
Louisville and Jefferson County, Kentucky, Metropolitan Government Health System, Revenue Refunding Bonds (Norton Healthcare, Inc.), 5.25%, 10/01/36 |
|
|
6,795 |
|
|
5,989,860 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
8,325,242 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Louisiana - 3.5% |
|
Louisiana Public Facilities Authority, Hospital Revenue Bonds (Franciscan Missionaries of Our Lady Health System, Inc.), Series A, 5%, 8/15/33 |
|
|
8,720 |
|
|
7,786,611 |
|
|
|
|
Louisiana Public Facilities Authority, Hospital Revenue Bonds (Franciscan Missionaries of Our Lady Health System, Inc.), Series A, 5.25%, 8/15/36 |
|
|
11,660 |
|
|
10,877,031 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
18,663,642 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Maine - 0.3% |
|
Portland, Maine, Housing Development Corporation, Senior Living Revenue Bonds (Avesta Housing Development Corporation Project), Series A, 5.70%, 8/01/21 |
|
|
775 |
|
|
663,710 |
|
|
|
|
Portland, Maine, Housing Development Corporation, Senior Living Revenue Bonds (Avesta Housing Development Corporation Project), Series A, 6%, 2/01/34 |
|
|
1,190 |
|
|
922,750 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,586,460 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Maryland - 0.5% |
|
Maryland State Community Development Administration, Department of Housing and Community Development, Residential Revenue Refunding Bonds, AMT, Series D, 4.90%, 9/01/42 |
|
|
3,250 |
|
|
2,903,745 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Massachusetts - 9.6% |
|
Boston, Massachusetts, Water and Sewer Commission Revenue Bonds, 9.25%, 1/01/11 (d) |
|
|
2,035 |
|
|
2,213,754 |
|
|
|
|
Massachusetts Bay Transportation Authority, Revenue Refunding Bonds (General Transportation System), Series A, 7%, 3/01/19 |
|
|
3,010 |
|
|
3,677,016 |
|
|
|
|
Massachusetts State, HFA, Housing Revenue Bonds, AMT, Series A, 5.20%, 12/01/37 |
|
|
3,000 |
|
|
2,809,860 |
|
|
|
|
Massachusetts State, HFA, Housing Revenue Refunding Bonds, AMT, Series D, 4.85%, 6/01/40 |
|
|
3,000 |
|
|
2,615,280 |
|
4
|
|
|
|
BlackRock MuniVest Fund, Inc. |
|
|
|
|
|
Schedule of Investments May 31, 2009 (Unaudited) |
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||
|
State |
|
Municipal Bonds |
|
Par |
|
Value |
|
||
|
|
|
|
|
|
|
|
|
||
|
|
|
Massachusetts State, HFA, S/F Housing Revenue Bonds, AMT, Series 130, 5%, 12/01/32 |
|
$ |
2,500 |
|
$ |
2,311,400 |
|
|
|
|
Massachusetts State Water Resource Authority Revenue Bonds, Series A, 6.50%, 7/15/19 (d) |
|
|
30,000 |
|
|
36,655,500 |
|
|
|
|
Massachusetts State Water Resource Authority, Revenue Refunding Bonds, Series A, 6%, 8/01/10 (a)(k) |
|
|
1,000 |
|
|
1,070,600 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
51,353,410 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Michigan - 7.4% |
|
Detroit, Michigan, Water Supply System Revenue Bonds, Second Lien, Series B, 6.25%, 7/01/36 (l) |
|
|
2,500 |
|
|
2,637,600 |
|
|
|
|
Detroit, Michigan, Water Supply System Revenue Bonds, Second Lien, Series B, 7%, 7/01/36 (l) |
|
|
1,250 |
|
|
1,395,675 |
|
|
|
|
Macomb County, Michigan, Hospital Finance Authority, Hospital Revenue Bonds (Mount Clemens General Hospital), Series B, 5.75%, 11/15/13 (a) |
|
|
3,715 |
|
|
4,331,764 |
|
|
|
|
Macomb County, Michigan, Hospital Finance Authority, Hospital Revenue Bonds (Mount Clemens General Hospital), Series B, 5.875%, 11/15/13 (a) |
|
|
4,250 |
|
|
4,978,238 |
|
|
|
|
Michigan State Hospital Finance Authority, Hospital Revenue Refunding Bonds (Crittenton Hospital), Series A, 5.625%, 3/01/27 |
|
|
1,900 |
|
|
1,722,445 |
|
|
|
|
Michigan State Hospital Finance Authority, Hospital Revenue Refunding Bonds (Oakwood Obligated Group), Series A, 5%, 7/15/25 |
|
|
2,000 |
|
|
1,727,980 |
|
|
|
|
Michigan State Hospital Finance Authority, Revenue Refunding Bonds (Henry Ford Health System), Series A, 5.25%, 11/15/46 |
|
|
7,950 |
|
|
6,225,248 |
|
|
|
|
Michigan State Hospital Finance Authority, Revenue Refunding Bonds (McLaren Health Care Corporation), 5.75%, 5/15/38 |
|
|
7,285 |
|
|
6,864,874 |
|
|
|
|
Michigan State Hospital Finance Authority, Revenue Refunding Bonds (Sinai Hospital), 6.70%, 1/01/26 |
|
|
1,000 |
|
|
734,500 |
|
|
|
|
Michigan State Hospital Finance Authority, Revenue Refunding Bonds (Trinity Health Credit Group), Series A, 6%, 12/01/20 |
|
|
4,200 |
|
|
4,326,294 |
|
|
|
|
Royal Oak, Michigan, Hospital Finance Authority, Hospital Revenue Refunding Bonds (William Beaumont Hospital), 8.25%, 9/01/39 |
|
|
4,100 |
|
|
4,613,812 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
39,558,430 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Minnesota - 0.3% |
|
Saint Cloud, Minnesota, Health Care Revenue Refunding Bonds (Saint Cloud Hospital Obligation Group), Series A, 6.25%, 5/01/17 (l) |
|
|
1,405 |
|
|
1,466,132 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Mississippi - 6.4% |
|
Lowndes County, Mississippi, Solid Waste Disposal and PCR, Refunding (Weyerhaeuser Company Project), Series A, 6.80%, 4/01/22 |
|
|
9,160 |
|
|
8,758,517 |
|
|
|
|
Lowndes County, Mississippi, Solid Waste Disposal and PCR, Refunding (Weyerhaeuser Company Project), Series B, 6.70%, 4/01/22 |
|
|
4,500 |
|
|
4,263,615 |
|
|
|
|
Mississippi Business Finance Corporation, Mississippi, PCR, Refunding (System Energy Resources Inc. Project), 5.875%, 4/01/22 |
|
|
20,705 |
|
|
19,103,261 |
|
|
|
|
Mississippi Business Finance Corporation, Mississippi, PCR, Refunding (System Energy Resources Inc. Project), 5.90%, 5/01/22 |
|
|
2,250 |
|
|
2,079,383 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
34,204,776 |
|
|
|
|
|
|
|
|
|
|
|
|
5
|
|
|
|
BlackRock MuniVest Fund, Inc. |
|
|
|
|
|
Schedule of Investments May 31, 2009 (Unaudited) |
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
State |
|
Municipal Bonds |
|
Par |
|
Value |
|
||
|
|
|
|
|
|
|
|
|
||
|
Missouri - 0.5% |
|
Missouri State Development Finance Board, Infrastructure Facilities Revenue Refunding Bonds (Branson), Series A, 5.50%, 12/01/32 |
|
$ |
2,600 |
|
$ |
2,252,510 |
|
|
|
|
Missouri State Housing Development Commission, S/F Mortgage Revenue Bonds (Homeowner Loan), AMT, Series A, 7.50%, 3/01/31 (i)(j) |
|
|
180 |
|
|
192,535 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,445,045 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Nevada - 3.1% |
|
Clark County, Nevada, Water Reclamation District, GO, Series B, 5.75%, 7/01/34 |
|
|
15,790 |
|
|
16,744,348 |
|
|
|
|
|
|
|
|
|
|
|
|
|
New Hampshire - 0.5% |
|
New Hampshire Health and Education Facilities Authority, Revenue Refunding Bonds (Elliot Hospital), Series B, 5.60%, 10/01/22 |
|
|
2,675 |
|
|
2,706,565 |
|
|
|
|
|
|
|
|
|
|
|
|
|
New Jersey - 6.7% |
|
New Jersey EDA, Cigarette Tax Revenue Bonds, 5.50%, 6/15/24 |
|
|
9,080 |
|
|
7,668,060 |
|
|
|
|
New Jersey EDA, Cigarette Tax Revenue Bonds, 5.75%, 6/15/29 |
|
|
2,885 |
|
|
2,363,017 |
|
|
|
|
New Jersey EDA, Cigarette Tax Revenue Bonds, 5.75%, 6/15/34 |
|
|
8,695 |
|
|
6,904,873 |
|
|
|
|
New Jersey EDA, School Facilities Construction, Revenue Refunding Bonds, Series AA, 5.25%, 12/15/33 |
|
|
10,000 |
|
|
10,038,500 |
|
|
|
|
New Jersey State Housing and Mortgage Finance Agency Revenue Bonds, Series AA, 6.375%, 10/01/28 |
|
|
1,555 |
|
|
1,698,915 |
|
|
|
|
Tobacco Settlement Financing Corporation of New Jersey, Asset- Backed Revenue Bonds, 7%, 6/01/13 (a) |
|
|
5,980 |
|
|
7,182,458 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
35,855,823 |
|
|
|
|
|
|
|
|
|
|
|
|
|
New York - 4.8% |
|
Metropolitan Transportation Authority, New York, Revenue Bonds, Series C, 6.25%, 11/15/23 |
|
|
3,245 |
|
|
3,627,618 |
|
|
|
|
Metropolitan Transportation Authority, New York, Revenue Bonds, Series C, 6.50%, 11/15/28 |
|
|
14,925 |
|
|
16,524,662 |
|
|
|
|
New York City, New York, City Municipal Water Finance Authority, Second General Resolution, Water and Sewer System Revenue Bonds, Series FF-2, 5.50%, 6/15/40 |
|
|
4,150 |
|
|
4,364,057 |
|
|
|
|
New York City, New York, GO, Refunding, Series A, 6.375%, 5/15/14 (g)(k) |
|
|
965 |
|
|
1,018,606 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
25,534,943 |
|
|
|
|
|
|
|
|
|
|
|
|
|
North Carolina - 1.3% |
|
Gaston County, North Carolina, Industrial Facilities and Pollution Control Financing Authority, Revenue Bonds (National Gypsum Company Project), AMT, 5.75%, 8/01/35 |
|
|
4,105 |
|
|
1,992,444 |
|
|
|
|
North Carolina Capital Facilities Finance Agency, Educational Facilities Revenue Bonds (Wake Forest University), 5%, 1/01/38 |
|
|
5,000 |
|
|
5,118,400 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7,110,844 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Ohio - 3.7% |
|
Buckeye Tobacco Settlement Financing Authority, Ohio, Tobacco Settlement Asset-Backed Bonds, Series A-2, 6.50%, 6/01/47 |
|
|
27,500 |
|
|
19,693,575 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Pennsylvania - 1.3% |
|
Pennsylvania State Higher Education Assistance Agency Revenue Bonds, Capital Acquisition, 6.125%, 12/15/10 (a)(g) |
|
|
2,440 |
|
|
2,641,080 |
|
|
|
|
Philadelphia, Pennsylvania, Authority for Industrial Development, Senior Living Revenue Bonds (Arbor House Inc. Project), Series E, 6.10%, 7/01/33 |
|
|
1,000 |
|
|
788,580 |
|
6
|
|
|
|
BlackRock MuniVest Fund, Inc. |
|
|
|
|
|
Schedule of Investments May 31, 2009 (Unaudited) |
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||
|
State |
|
Municipal Bonds |
|
Par |
|
Value |
|
||
|
|
|
|
|
|
|
|
|
||
|
|
|
Philadelphia, Pennsylvania, Authority for Industrial Development, Senior Living Revenue Bonds (Rieder House Project), Series A, 6.10%, 7/01/33 |
|
$ |
1,355 |
|
$ |
1,068,525 |
|
|
|
|
Sayre, Pennsylvania, Health Care Facilities Authority, Revenue Bonds (Guthrie Healthcare System), Series B, 7.125%, 12/01/11 (a) |
|
|
1,630 |
|
|
1,981,575 |
|
|
|
|
Sayre, Pennsylvania, Health Care Facilities Authority, Revenue Refunding Bonds (Guthrie Healthcare System), Series A, 6.25%, 12/01/18 |
|
|
410 |
|
|
425,551 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6,905,311 |
|
|
|
|
|
|
|
|
|
|
|
|
|
South Carolina - 0.9% |
|
Georgetown County, South Carolina, Environmental Improvement Revenue Refunding Bonds (International Paper Company Project), AMT, Series A, 5.55%, 12/01/29 |
|
|
1,000 |
|
|
732,750 |
|
|
|
|
Richland County, South Carolina, Environmental Improvement Revenue Refunding Bonds (International Paper), AMT, 6.10%, 4/01/23 |
|
|
5,000 |
|
|
4,205,500 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4,938,250 |
|
|
|
|
|
|
|
|
|
|
|
|
|
South Dakota - 0.4% |
|
South Dakota State Health and Educational Facilities Authority Revenue Bonds (Sanford Health), 5%, 11/01/40 |
|
|
2,605 |
|
|
2,298,365 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Tennessee - 0.5% |
|
Shelby County, Tennessee, Health, Educational and Housing Facility Board, Hospital Revenue Refunding Bonds (Methodist Healthcare), 6.50%, 9/01/12 (a) |
|
|
2,370 |
|
|
2,740,976 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Texas - 13.3% |
|
Brazos River Authority, Texas, PCR, Refunding (TXU Energy Company LLC Project), AMT, Series A, 7.70%, 4/01/33 |
|
|
3,055 |
|
|
1,588,600 |
|
|
|
|
Brazos River, Texas, Harbor Navigation District, Brazoria County Environmental Revenue Refunding Bonds (Dow Chemical Company Project), AMT, Series A-7, 6.625%, 5/15/33 |
|
|
11,460 |
|
|
10,386,771 |
|
|
|
|
Dallas-Fort Worth, Texas, International Airport, Joint Revenue Bonds, AMT, Series B, 6.25%, 11/01/28 (g) |
|
|
4,500 |
|
|
4,509,765 |
|
|
|
|
Dallas-Fort Worth, Texas, International Airport, Joint Revenue Bonds, AMT, Series C, 6.25%, 11/01/28 (g) |
|
|
1,500 |
|
|
1,503,255 |
|
|
|
|
Dallas-Fort Worth, Texas, International Airport, Joint Revenue Refunding Bonds, AMT, Sub-Series A-2, 6.10%, 11/01/24 (g) |
|
|
1,000 |
|
|
1,001,280 |
|
|
|
|
Guadalupe-Blanco River Authority, Texas, Sewage and Solid Waste Disposal Facility Revenue Bonds (E. I. du Pont de Nemours and Company Project), AMT, 6.40%, 4/01/26 |
|
|
10,250 |
|
|
10,238,417 |
|
|
|
|
Gulf Coast Waste Disposal Authority, Texas, Revenue Refunding Bonds (International Paper Company), AMT, Series A, 6.10%, 8/01/24 |
|
|
6,000 |
|
|
4,970,940 |
|
|
|
|
Harris County, Texas, Health Facilities Development Corporation, Hospital Revenue Refunding Bonds (Memorial Hermann Healthcare System), Series B, 7.125%, 12/01/31 |
|
|
3,500 |
|
|
3,768,975 |
|
|
|
|
Harris County, Texas, Health Facilities Development Corporation, Hospital Revenue Refunding Bonds (Memorial Hermann Healthcare System), Series B, 7.25%, 12/01/35 |
|
|
5,400 |
|
|
5,818,716 |
|
|
|
|
Harris County-Houston Sports Authority, Texas, Revenue Refunding Bonds, Senior Lien, Series G, 5.75%, 11/15/20 (g) |
|
|
5,500 |
|
|
5,481,135 |
|
|
|
|
Houston, Texas, Industrial Development Corporation Revenue Bonds (Air Cargo), AMT, 6.375%, 1/01/23 |
|
|
1,790 |
|
|
1,438,122 |
|
7
|
|
|
|
BlackRock MuniVest Fund, Inc. |
|
|
|
|
|
Schedule of Investments May 31, 2009 (Unaudited) |
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
State |
|
Municipal Bonds |
|
Par |
|
Value |
|
||
|
|
|
|
|
|
|
|
|
||
|
|
|
Mansfield, Texas, Independent School District, GO, Refunding, 6.625%, 2/15/15 |
|
$ |
155 |
|
$ |
160,912 |
|
|
|
|
Matagorda County, Texas, Navigation District Number 1, Revenue Refunding Bonds (Centerpoint Energy Project), 5.60%, 3/01/27 |
|
|
9,355 |
|
|
8,663,853 |
|
|
|
|
Midway, Texas, Independent School District, GO, Refunding, 6.125%, 8/15/14 |
|
|
5,225 |
|
|
5,520,787 |
|
|
|
|
Port Corpus Christi, Texas, Revenue Refunding Bonds (Celanese Project), Series A, 6.45%, 11/01/30 |
|
|
2,700 |
|
|
2,050,785 |
|
|
|
|
Red River Authority, Texas, PCR, Refunding (Celanese Project), AMT, Series B, 6.70%, 11/01/30 |
|
|
5,000 |
|
|
3,691,700 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
70,794,013 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Vermont - 0.2% |
|
Vermont Educational and Health Buildings Financing Agency, Developmental and Mental Health Revenue Bonds (Howard Center for Human Services), Series A, 6.375%, 6/15/22 |
|
|
1,000 |
|
|
898,920 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Virginia - 1.9% |
|
Chesterfield County, Virginia, IDA, PCR (Virginia Electric and Power Company), Series A, 5.875%, 6/01/17 |
|
|
1,425 |
|
|
1,476,500 |
|
|
|
|
Fairfax County, Virginia, EDA, Residential Care Facilities, Mortgage Revenue Refunding Bonds (Goodwin House, Inc.), 5.125%, 10/01/37 |
|
|
2,000 |
|
|
1,474,520 |
|
|
|
|
Fairfax County, Virginia, EDA, Residential Care Facilities, Mortgage Revenue Refunding Bonds (Goodwin House, Inc.), 5.125%, 10/01/42 |
|
|
7,015 |
|
|
5,042,312 |
|
|
|
|
Fairfax County, Virginia, IDA, Health Care Revenue Refunding Bonds (Inova Health System Project), Series A, 5.50%, 5/15/35 |
|
|
2,100 |
|
|
2,133,747 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10,127,079 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Washington - 5.1% |
|
Seattle, Washington, Housing Authority Revenue Bonds (Replacement Housing Project), 6.125%, 12/01/32 |
|
|
2,305 |
|
|
1,840,012 |
|
|
|
|
Washington State Health Care Facilities Authority, Revenue Refunding Bonds (Catholic Health Initiatives), Series D, 6.375%, 10/01/36 |
|
|
7,000 |
|
|
7,421,050 |
|
|
|
|
Washington State Public Power Supply System, Revenue Refunding Bonds (Nuclear Project Number 1), Series B, 7.125%, 7/01/16 |
|
|
14,320 |
|
|
18,024,727 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
27,285,789 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Wisconsin - 2.8% |
|
Milwaukee, Wisconsin, Revenue Bonds (Air Cargo), AMT, 6.50%, 1/01/25 |
|
|
1,720 |
|
|
1,375,966 |
|
|
|
|
Wisconsin Housing and EDA, Home Ownership Revenue Refunding Bonds, AMT, Series A, 5.625%, 3/01/31 |
|
|
5,730 |
|
|
5,753,837 |
|
|
|
|
Wisconsin State Health and Educational Facilities Authority, Mortgage Revenue Bonds (Hudson Memorial Hospital), 5.70%, 1/15/29 (o) |
|
|
4,500 |
|
|
4,522,635 |
|
|
|
|
Wisconsin State Health and Educational Facilities Authority Revenue Bonds (SynergyHealth Inc.), 6%, 11/15/32 |
|
|
3,040 |
|
|
3,090,038 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
14,742,476 |
|
|
|
|
|
|
|
|
|
|
|
|
|
U.S. Virgin Islands - 1.5% |
|
Virgin Islands Government Refinery Facilities, Revenue Refunding Bonds (Hovensa Coker Project), AMT, 6.50%, 7/01/21 |
|
|
8,000 |
|
|
7,822,960 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Municipal Bonds - 129.7% |
|
|
|
|
|
692,281,883 |
|
|
|
|
|
|
|
|
|
|
|
|
8
|
|
|
|
BlackRock MuniVest Fund, Inc. |
|
|
|
|
|
Schedule of Investments May 31, 2009 (Unaudited) |
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
State |
|
Municipal
Bonds Transferred to |
|
Par |
|
Value |
|
||
|
|
|
|
|
|
|
|
|
||
|
Connecticut - 2.3% |
|
Connecticut State Health and Educational Facilities Authority Revenue Bonds (Yale University), Series Z-3, 5.05%, 7/01/42 |
|
$ |
12,000 |
|
$ |
12,344,520 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Illinois - 8.3% |
|
Chicago, Illinois, Water Revenue Refunding Bonds, Second Lien, 5.25%, 11/01/33 (l) |
|
|
1,330 |
|
|
1,347,276 |
|
|
|
|
Illinois State Finance Authority Revenue Bonds (University of Chicago), Series B, 6.25%, 7/01/38 |
|
|
10,000 |
|
|
11,104,100 |
|
|
|
|
Kane and De Kalb Counties, Illinois, Community Unit School District Number 302, GO, 5.75%, 2/01/18 (k) |
|
|
2,975 |
|
|
3,496,458 |
|
|
|
|
Kane and De Kalb Counties, Illinois, Community Unit School District Number 302, GO, 5.75%, 2/01/19 (k) |
|
|
2,710 |
|
|
3,185,009 |
|
|
|
|
Kane and De Kalb Counties, Illinois, Community Unit School District Number 302, GO, 5.75%, 2/01/21 (k) |
|
|
4,775 |
|
|
5,611,962 |
|
|
|
|
Metropolitan Pier and Exposition Authority, Illinois, Dedicated State Tax Revenue Refunding Bonds (McCormick Place Expansion Project), Series B, 5.75%, 6/15/23 (g) |
|
|
18,554 |
|
|
19,604,988 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
44,349,793 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Kentucky - 1.7% |
|
Louisville and Jefferson County, Kentucky, Metropolitan Government Parking Authority Revenue Bonds, Series A, 5.375%, 12/01/39 |
|
|
9,195 |
|
|
9,243,366 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Maryland - 0.9% |
|
Maryland State Transportation Authority, Transportation Facilities Projects Revenue Bonds, 5%, 7/01/41 (l) |
|
|
4,710 |
|
|
4,792,425 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Massachusetts - 3.9% |
|
Massachusetts State School Building Authority, Dedicated Sales Tax Revenue Bonds, Series A, 5%, 8/15/30 (l) |
|
|
20,000 |
|
|
20,524,400 |
|
|
|
|
|
|
|
|
|
|
|
|
|
New York - 4.5% |
|
New York City, New York, City Municipal Water Finance Authority, Water and Sewer System, Revenue Refunding Bonds, Series DD, 5%, 6/15/37 |
|
|
24,199 |
|
|
24,053,487 |
|
|
|
|
|
|
|
|
|
|
|
|
|
North Carolina - 2.4% |
|
North Carolina Capital Facilities Finance Agency, Revenue Refunding Bonds (Duke University Project), Series A, 5%, 10/01/41 |
|
|
12,678 |
|
|
12,895,528 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Ohio - 0.8% |
|
Ohio State Higher Educational Facilities Commission, Hospital Revenue Bonds (University Hospitals Health System), Series A, 5.25%, 1/01/33 |
|
|
4,400 |
|
|
4,417,908 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Texas - 7.1% |
|
Harris County, Texas, Health Facilities Development Corporation Revenue Refunding Bonds (School Health Care System), Series B, 5.75%, 7/01/27 |
|
|
20,970 |
|
|
23,999,117 |
|
|
|
|
Texas State Department of Housing and Community Affairs, S/F Mortgage Revenue Bonds, AMT, Series B, 5.25%, 9/01/32 (h)(i)(j) |
|
|
8,503 |
|
|
8,118,189 |
|
|
|
|
Texas State University, System Financing Revenue Refunding Bonds, 5%, 3/15/30 (l) |
|
|
5,667 |
|
|
5,760,922 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
37,878,228 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Washington - 9.9% |
|
Central Puget Sound Regional Transportation Authority, Washington, Sales and Use Tax Revenue Bonds, Series A, 5%, 11/01/32 (l) |
|
|
14,007 |
|
|
14,160,168 |
|
|
|
|
Central Puget Sound Regional Transportation Authority, Washington, Sales and Use Tax Revenue Bonds, Series A, 5%, 11/01/34 |
|
|
5,000 |
|
|
5,021,975 |
|
|
|
|
Central Puget Sound Regional Transportation Authority, Washington, Sales and Use Tax Revenue Bonds, Series A, 5%, 11/01/36 |
|
|
6,000 |
|
|
6,026,370 |
|
9
|
|
|
|
BlackRock MuniVest Fund, Inc. |
|
|
|
|
|
Schedule of Investments May 31, 2009 (Unaudited) |
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
State |
|
Municipal
Bonds Transferred to |
|
Par |
|
Value |
|
||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Energy Northwest, Washington, Electric Revenue Refunding Bonds (Columbia Generating), Series A, 5.75%, 7/01/18 (g) |
|
$ |
10,660 |
|
$ |
11,574,202 |
|
|
|
|
Energy Northwest, Washington, Electric Revenue Refunding Bonds (Project Number 1), Series B, 6%, 7/01/17 (g) |
|
|
14,700 |
|
|
16,150,890 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
52,933,605 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
Municipal Bonds Transferred to |
|
|
|
|
|
223,433,260 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Long Term Investments (Cost - $927,788,059) - 171.5% |
|
|
|
|
|
915,715,143 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Short-Term Securities |
|
|
Shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Money Market Fund - 2.8% |
|
FFI Institutional Tax-Exempt Fund, 0.45% (q)(r) |
|
|
14,900,000 |
|
|
14,900,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
Short-Term Securities |
|
|
|
|
|
14,900,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Investments (Cost - $942,688,059*) - 174.3% |
|
|
|
|
|
930,615,143 |
|
|
|
|
Liabilities in Excess of Other Assets - (0.5)% |
|
|
|
|
|
(2,700,131 |
) |
|
|
|
Liability
for Trust Certificates, |
|
|
|
|
|
(118,205,959 |
) |
|
|
|
Preferred Shares, at Redemption Value - (51.6)% |
|
|
|
|
|
(275,747,293 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Assets Applicable to Common Shares - 100.0% |
|
|
|
|
$ |
533,961,760 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
* |
The cost and unrealized appreciation (depreciation) of investments as of May 31, 2009, as computed for federal income tax purposes, were as follows: |
|
|
|
|
|
|
|
|
|
Aggregate cost |
|
$ |
821,665,228 |
|
|
|
|
|
|
|
|
|
|
Gross unrealized appreciation |
|
$ |
42,634,066 |
|
|
|
Gross unrealized depreciation |
|
|
(51,603,336 |
) |
|
|
|
|
|
|
|
|
|
Net unrealized depreciation |
|
$ |
(8,969,270 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
(a) |
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. |
|
|
|
|
|
|
(b) |
Assured Guaranty Insured. |
|
|
|
|
|
|
(c) |
XL Capital Insured. |
|
|
|
|
|
|
(d) |
Security is collateralized by Municipal or US Treasury Obligations. |
|
|
|
|
|
|
(e) |
Issuer filed for bankruptcy and/or is in default of interest payments. |
|
|
|
|
|
|
(f) |
Non-income producing security. |
|
|
|
|
|
|
(g) |
NPFGC Insured. |
|
|
|
|
|
|
(h) |
FHLMC Collateralized. |
|
|
|
|
|
|
(i) |
FNMA Collateralized. |
|
|
|
|
|
|
(j) |
GNMA Collateralized. |
|
|
|
|
|
|
(k) |
FGIC Insured. |
|
|
|
|
|
|
(l) |
FSA Insured. |
|
|
|
|
|
|
(m) |
AMBAC Insured. |
|
|
|
|
|
|
(n) |
BHAC Insured. |
|
|
|
|
|
|
(o) |
FHA Insured. |
|
|
|
|
|
|
(p) |
Securities represent bonds transferred to a separate securitization trust established in a tender option bond transaction in which the Fund may have acquired the residual interest certificates. These securities serve as collateral in a financing transaction. |
10
|
|
|
BlackRock MuniVest Fund, Inc. |
|
|
|
Schedule
of Investments May 31, 2009 (Unaudited) |
|
|
|
|
|
|
|
|
(q) |
Investments in companies considered to be an affiliate of the Fund, for purposes of Section 2(a)(3) of the Investment Company Act of 1940, were as follows: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||
|
|
Affiliate |
|
Net Activity |
|
Income |
|
||
|
|
|
|
|
|
|
|
||
|
|
FFI Institutional Tax-Exempt Fund |
|
|
9,469,026 |
|
$ |
316,055 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(r) |
Represents the current yield as of report date. |
|
|
|
|
|
|
• |
Effective September 1, 2008, the Fund adopted Financial Accounting Standards Board Statement of Financial Accounting Standards No. 157, “Fair Value Measurements” (“FAS 157”). FAS 157 clarifies the definition of fair value, establishes a framework for measuring fair values and requires additional disclosures about the use of 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 securities |
|
|
|
|
|
|
• |
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 Fund’s own assumptions used in determining the fair value of investments) |
The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For information about the Fund’s policy regarding valuation of investments and other significant accounting policies, please refer to the Fund’s most recent financial statements as contained in its semi-annual report.
The following table summarizes the inputs used as of May 31, 2009 in determining the fair valuation of the Fund’s investments:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Valuation |
|
|
Investments in |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Assets |
|
|
|
|
|
|
|
|
|
|
|
|
Level 1 |
|
|
14,900,000 |
|
|
|
|
Level 2 |
|
$ |
915,715,143 |
|
|
|
|
Level 3 |
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
Total |
|
$ |
930,615,143 |
|
|
|
|
|
|
|
|
|
|
11
|
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 13(a)-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 MuniVest Fund, Inc. |
||
|
By: |
/s/ Donald C. Burke | ||
| Donald C. Burke | |||
| Chief Executive Officer of | |||
| BlackRock MuniVest Fund, Inc. | |||
| Date: July 15, 2009 | |||
| 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/ Donald C. Burke | ||
| Donald C. Burke | |||
| Chief Executive Officer (principal executive officer) of | |||
| BlackRock MuniVest Fund, Inc. | |||
| Date: July 15, 2009 | |||
|
By: |
/s/ Neal J. Andrews | ||
| Neal J. Andrews | |||
| Chief Financial Officer (principal financial officer) of | |||
| BlackRock MuniVest Fund, Inc. | |||
| Date: July 15, 2009 | |||