|
|
|
|
|
|
BlackRock Municipal 2018 Term Trust |
|
|
|
|
Schedule of Investments March 31, 2009 (Unaudited) |
(Percentages shown are based on Net Assets) |
|
|
|
|
Par |
|
State |
Municipal Bonds |
|
(000) |
Value |
Alabama - 3.2% |
Courtland, Alabama, IDB, Solid Waste Disposal Revenue |
|
|
|
|
Refunding Bonds (International Paper Company Project), |
|
|
|
|
Series A, 4.75%, 5/01/17 |
|
$ |
1,000 $ |
762,850 |
|
Huntsville, Alabama, Health Care Authority, Revenue |
|
|
|
|
Refunding Bonds, GO, Series A, 5.625%, 6/01/22 |
|
|
5,845 |
5,565,141 |
|
|
|
|
|
6,327,991 |
Arizona - 0.4% |
Salt Verde Financial Corporation, Arizona, Senior Gas |
|
|
|
|
Revenue Bonds, 5.25%, 12/01/20 |
|
|
1,000 |
766,120 |
California - 10.1% |
Agua Caliente Band of Cahuilla Indians, California, Casino |
|
|
|
|
Revenue Bonds, 5.60%, 7/01/13 |
|
|
1,750 |
1,566,670 |
|
California Pollution Control Financing Authority, Solid Waste |
|
|
|
|
Disposal Revenue Bonds (Waste Management, Inc. Project), |
|
|
|
|
AMT, Series C, 5.125%, 11/01/23 |
|
|
6,500 |
5,370,950 |
|
California Pollution Control Financing Authority, Solid Waste |
|
|
|
|
Disposal Revenue Refunding Bonds (Republic Services, Inc. |
|
|
|
|
Project), AMT, Series C, 5.25%, 6/01/23 |
|
|
5,000 |
4,403,900 |
|
Clovis, California, Unified School District, Capital |
|
|
|
|
|
Appreciation, GO (Election of 2004), Series A, 5.126%, |
|
|
|
|
8/01/21 (a)(b)(c)(d) |
|
|
5,425 |
3,258,960 |
|
Lincoln, California, Special Tax Bonds (Community Facilities |
|
|
|
|
District Number 2003-1), 5.90%, 9/01/13 (e) |
|
|
1,100 |
1,306,448 |
|
Los Angeles, California, Unified School District, GO, |
|
|
|
|
Series I, 5%, 7/01/20 |
|
|
3,750 |
3,936,938 |
|
|
|
|
|
19,843,866 |
Colorado - 4.5% |
Colorado HFA, Solid Waste Disposal Revenue Bonds (Waste |
|
|
|
|
Management, Inc.), AMT, 5.70%, 7/01/18 |
|
|
5,000 |
4,499,150 |
|
Park Creek Metropolitan District, Colorado, Senior Limited Tax |
|
|
|
|
Supported Revenue Refunding Bonds, 5.25%, 12/01/20 |
|
5,010 |
4,236,556 |
|
|
|
|
|
8,735,706 |
Connecticut - 1.3% |
Mashantucket Western Pequot Tribe, Connecticut, Special Revenue |
|
|
|
|
Refunding Bonds, Sub-Series B, 5.75%, 9/01/18 (f) |
|
3,750 |
2,466,825 |
Florida - 6.1% |
Broward County, Florida, School Board, COP, Series A, |
|
|
|
|
5.25%, 7/01/22 (g) |
|
|
1,250 |
1,273,750 |
|
Miami Beach, Florida, Health Facilities Authority, Hospital |
|
|
|
|
Revenue Refunding Bonds (Mount Sinai Medical Center of |
|
|
|
|
Florida), 6.75%, 11/15/21 |
|
|
3,790 |
2,803,539 |
|
|
|
|
|
|
BlackRock Municipal 2018 Term Trust |
|
|
|
|
Schedule of Investments March 31, 2009 (Unaudited) |
(Percentages shown are based on Net Assets) |
|
|
|
|
Par |
|
State |
Municipal Bonds |
|
(000) |
Value |
|
Pine Island Community Development District, Florida, |
|
|
|
|
Utilities System Revenue Bonds, 5.30%, 11/01/10 |
|
$ |
595 |
$ 562,465 |
|
Stevens Plantation Community Development District, |
|
|
|
|
Florida, Special Assessment Revenue Bonds, Series B, |
|
|
|
|
6.375%, 5/01/13 |
|
|
2,270 |
1,753,257 |
|
Village Center Community Development District, Florida, |
|
|
|
|
Recreational Revenue Bonds, Sub-Series B, 5.875%, 1/01/15 |
|
4,890 |
4,654,791 |
|
Westchester Community Development District Number 1, |
|
|
|
|
Florida, Special Assessment Bonds (Community |
|
|
|
|
|
Infrastructure), 6%, 5/01/23 |
|
|
1,345 |
962,912 |
|
|
|
|
|
12,010,714 |
Illinois - 24.7% |
CenterPoint Intermodal Center Program Trust, Illinois, Tax |
|
|
|
|
Allocation Bonds, Class A, 8%, 6/15/23 (f) |
|
|
1,825 |
1,407,623 |
|
Chicago, Illinois, O'Hare International Airport, General Airport |
|
|
|
|
Revenue Bonds, Third Lien, Series A, 5%, 1/01/19 (h) |
|
5,000 |
5,016,650 |
|
Chicago, Illinois, O'Hare International Airport, General Airport |
|
|
|
|
Revenue Bonds, Third Lien, Series A, 5%, 1/01/20 (h) |
|
3,000 |
2,977,620 |
|
Chicago, Illinois, O'Hare International Airport, General |
|
|
|
|
Airport Revenue Refunding Bonds, Third Lien, AMT, |
|
|
|
|
Series A, 5.75%, 1/01/18 (b) |
|
|
5,000 |
4,965,600 |
|
Illinois Development Finance Authority, Hospital Revenue |
|
|
|
|
Bonds (Adventist Health System/Sunbelt Obligated Group), |
|
|
|
|
5.50%, 11/15/09 (e) |
|
|
12,500 |
13,012,375 |
|
Illinois Educational Facilities Authority, Student Housing |
|
|
|
|
Revenue Bonds (Education Advancement Fund - University |
|
|
|
|
Center Project), 6%, 5/01/12 (e) |
|
|
5,980 |
6,874,309 |
|
Illinois Health Facilities Authority, Revenue Refunding |
|
|
|
|
Bonds (Elmhurst Memorial Healthcare), 5.50%, 1/01/22 |
|
5,000 |
4,431,550 |
|
Illinois Sports Facilities Authority, State Tax Supported |
|
|
|
|
Revenue Bonds, 5.349%, 6/15/19 (h)(i) |
|
|
1,885 |
1,884,265 |
|
Illinois Sports Facilities Authority, State Tax Supported |
|
|
|
|
Revenue Bonds, 5.399%, 6/15/20 (h)(i) |
|
|
1,985 |
1,965,507 |
|
Illinois Sports Facilities Authority, State Tax Supported |
|
|
|
|
Revenue Bonds, 5.447%, 6/15/21 (h)(i) |
|
|
2,090 |
2,054,533 |
|
Illinois State Finance Authority, Student Housing Revenue |
|
|
|
|
Bonds (MJH Education Assistance IV LLC), Senior Series A, |
|
|
|
|
5.50%, 6/01/19 (j)(k) |
|
|
2,750 |
1,521,878 |
|
Illinois State Toll Highway Authority, Senior Priority |
|
|
|
|
Revenue Bonds, Series A, 5%, 1/01/19 (g) |
|
|
2,250 |
2,385,968 |
|
|
|
|
|
48,497,878 |
Indiana - 13.7% |
Indiana Health Facilities Financing Authority Revenue Bonds (Sisters |
|
|
|
|
of St. Francis Health System), 5.75%, 11/01/11 (e) |
|
13,970 |
15,745,028 |
Indianapolis, Indiana, Airport Authority, Special Facilities, Revenue |
Refunding Bonds (Federal Express Corporation Project), AMT, 5.10%, |
|
1/15/17 |
|
|
2,500 |
2,197,650 |
|
|
|
|
|
2 |
|
|
|
|
|
|
|
|
|
|
BlackRock Municipal 2018 Term Trust |
|
|
|
|
Schedule of Investments March 31, 2009 (Unaudited) |
(Percentages shown are based on Net Assets) |
|
|
|
|
Par |
|
State |
Municipal Bonds |
|
(000) |
Value |
|
Lawrence, Indiana, M/F Housing, Revenue Refunding Bonds |
|
|
|
|
(Pinnacle Apartments Project), AMT, 5.15%, 6/01/24 (l) |
$ |
2,895 |
$ 2,896,824 |
|
Petersburg, Indiana, PCR, Refunding (Indianapolis Power & |
|
|
|
|
Light Co. Project), AMT, 5.75%, 8/01/21 |
|
|
4,000 |
3,304,800 |
|
Vincennes, Indiana, EDR, Refunding, 6.25%, 1/01/24 |
|
3,915 |
2,822,441 |
|
|
|
|
|
26,966,743 |
Kentucky - 1.5% |
Kentucky Housing Corporation, Housing Revenue Bonds, |
|
|
|
|
AMT, Series C, 4.625%, 7/01/22 |
|
|
3,195 |
2,968,283 |
Louisiana - 1.3% |
Louisiana Public Facilities Authority Revenue Bonds |
|
|
|
|
(Department of Public Safety), Term Bond 1, 5.875%, |
|
|
|
|
6/15/14 (b) |
|
|
2,485 |
2,550,206 |
Maryland - 2.3% |
Frederick County, Maryland, Special Obligation Tax Bonds |
|
|
|
|
(Urbana Community Development Authority), Series A, |
|
|
|
|
5.80%, 7/01/20 |
|
|
4,710 |
3,615,066 |
|
Maryland Economic Development Corporation, PCR, |
|
|
|
|
Refunding, 6.20%, 9/01/22 |
|
|
875 |
894,443 |
|
|
|
|
|
4,509,509 |
Massachusetts - 0.5% |
Massachusetts State Water Pollution Abatement Trust, |
|
|
|
|
Water Abatement Revenue Refunding Bonds (MWRA |
|
|
|
|
Program), Sub-Series A, 6%, 8/01/23 |
|
|
1,000 |
1,020,450 |
Michigan - 2.1% |
Michigan State Hospital Finance Authority, Hospital |
|
|
|
|
Revenue Refunding Bonds (Oakwood Obligated Group), |
|
|
|
|
Series A, 5%, 7/15/18 |
|
|
1,000 |
928,140 |
|
Michigan State Hospital Finance Authority, Hospital |
|
|
|
|
Revenue Refunding Bonds (Sparrow Obligated Group), |
|
|
|
|
4.50%, 11/15/26 |
|
|
3,500 |
2,525,705 |
|
Pontiac, Michigan, Tax Increment Finance Authority, |
|
|
|
|
Revenue Refunding Bonds (Development Area Number 3), |
|
|
|
|
5.375%, 6/01/12 (e)(m) |
|
|
640 |
721,446 |
|
|
|
|
|
4,175,291 |
Mississippi - 3.6% |
Lowndes County, Mississippi, Solid Waste Disposal and PCR, |
|
|
|
|
Refunding (Weyerhaeuser Company Project), Series A, |
|
|
|
|
6.80%, 4/01/22 |
|
|
9,000 |
7,100,280 |
Nevada - 2.8% |
Henderson, Nevada, Local Improvement Districts, Special |
|
|
|
|
Assessment, Series NO T-18, 5.15%, 9/01/21 |
|
|
1,000 |
400,660 |
|
Las Vegas, Nevada, Special Assessment Improvement, |
|
|
|
|
District Number 809 (Summerlin Area), 5.35%, 6/01/17 |
|
1,060 |
721,277 |
|
Nevada State Department of Business and Industry, Solid |
|
|
|
|
Waste Disposal Revenue Bonds (Republic Services, Inc. |
|
|
|
|
Project), AMT, 5.625%, 12/01/26 |
|
|
5,000 |
4,376,750 |
|
|
|
|
|
5,498,687 |
New Hampshire - 6.8% |
New Hampshire Health and Education Facilities Authority |
|
|
|
|
Revenue Bonds (Exeter Hospital Project), 6%, 10/01/24 |
|
2,025 |
1,930,817 |
|
New Hampshire State Business Finance Authority, PCR, |
|
|
|
|
Refunding (Public Service Company Project), AMT, Series B, |
|
|
|
|
4.75%, 5/01/21 (b) |
|
|
6,000 |
4,935,300 |
|
|
|
|
|
3 |
|
|
|
|
|
|
|
|
|
|
BlackRock Municipal 2018 Term Trust |
|
|
|
|
Schedule of Investments March 31, 2009 (Unaudited) |
(Percentages shown are based on Net Assets) |
|
|
|
|
Par |
|
State |
Municipal Bonds |
|
(000) |
Value |
|
New Hampshire State Business Finance Authority, PCR, |
|
|
|
|
Refunding (Public Service Company of New Hampshire |
|
|
|
|
Project), Series C, 5.45%, 5/01/21 (b) |
|
$ |
7,000 |
$6,378,820 |
|
|
|
|
|
13,244,937 |
New Jersey - 11.6% |
New Jersey EDA, Cigarette Tax Revenue Bonds, 5.50%, |
|
|
|
|
6/15/24 |
|
|
7,000 |
5,459,790 |
|
New Jersey EDA, EDR, Special Assessment Refunding Bonds |
|
|
|
|
(Kapkowski Road Landfill Reclamation Improvement District |
|
|
|
|
Project), AMT, 5.50%, 4/01/16 |
|
|
8,410 |
6,873,157 |
|
New Jersey EDA, Special Facility Revenue Bonds |
|
|
|
|
|
(Continental Airlines, Inc. Project), AMT, 7%, 11/15/30 |
|
4,065 |
2,502,170 |
|
New Jersey EDA, Special Facility Revenue Bonds |
|
|
|
|
|
(Continental Airlines, Inc. Project), AMT, 7.20%, 11/15/30 |
|
6,750 |
4,256,078 |
|
New Jersey Health Care Facilities Financing Authority, |
|
|
|
|
Revenue Refunding Bonds (AtlantiCare Regional Medical |
|
|
|
|
Center), 5%, 7/01/20 |
|
|
1,500 |
1,451,010 |
|
New Jersey State Housing and Mortgage Finance Agency, S/F |
|
|
|
|
Housing Revenue Bonds, AMT, Series T, 4.55%, 10/01/22 |
|
2,500 |
2,298,150 |
|
|
|
|
|
22,840,355 |
New York - 7.5% |
New York City, New York, City IDA, Special Facility Revenue |
|
|
|
|
Bonds (American Airlines, Inc. - JFK International Airport), |
|
|
|
|
AMT, 7.625%, 8/01/25 |
|
|
3,460 |
2,406,188 |
|
New York City, New York, GO, Sub-Series F-1, 5%, 9/01/18 |
|
7,500 |
7,807,200 |
|
Tobacco Settlement Financing Corporation of New York |
|
|
|
|
Revenue Bonds, Series B-1C, 5.50%, 6/01/20 |
|
|
4,500 |
4,557,690 |
|
|
|
|
|
14,771,078 |
North Carolina - 3.6% |
North Carolina, HFA, Home Ownership Revenue Bonds, AMT, |
|
|
|
|
Series 28A, 4.65%, 7/01/23 |
|
|
3,140 |
2,888,360 |
|
Wake County, North Carolina, Industrial Facilities and |
|
|
|
|
Pollution Control Financing Authority, Revenue Refunding |
|
|
|
|
Bonds (Carolina Power & Light Company Project), 5.375%, |
|
|
|
|
2/01/17 |
|
|
4,000 |
4,113,160 |
|
|
|
|
|
7,001,520 |
Ohio - 2.8% |
American Municipal Power, Inc., Ohio, Revenue Refunding |
|
|
|
|
Bonds (Prairie State Energy Campus Project), Series A, |
|
|
|
|
5.25%, 2/15/23 |
|
|
5,000 |
5,171,700 |
|
Pinnacle Community Infrastructure Financing Authority, |
|
|
|
|
Ohio, Revenue Bonds, Series A, 6%, 12/01/22 |
|
|
460 |
324,682 |
|
|
|
|
|
5,496,382 |
Oklahoma - 1.1% |
Tulsa, Oklahoma, Municipal Airport Trust, Revenue |
|
|
|
|
Refunding Bonds, Series A, 7.75%, 6/01/35 |
|
|
2,700 |
2,126,736 |
Pennsylvania - 7.1% |
Montgomery County, Pennsylvania, IDA, Revenue Bonds |
|
|
|
|
(Whitemarsh Continuing Care Project), 6%, 2/01/21 |
|
2,000 |
1,452,900 |
|
Pennsylvania State Turnpike Commission, Turnpike Revenue |
|
|
|
|
Bonds, Sub-Series A, 5%, 6/01/22 (n) |
|
|
1,000 |
1,039,130 |
|
|
|
|
|
4 |
|
|
|
|
|
|
|
|
|
|
BlackRock Municipal 2018 Term Trust |
|
|
|
|
Schedule of Investments March 31, 2009 (Unaudited) |
(Percentages shown are based on Net Assets) |
|
|
|
|
Par |
|
State |
Municipal Bonds |
|
(000) |
Value |
|
Philadelphia, Pennsylvania, Authority for Industrial |
|
|
|
|
Development, Lease Revenue Bonds, Series B, 5.50%, |
|
|
|
|
10/01/11 (e)(g) |
|
$ |
5,000 $ |
5,581,750 |
|
West Cornwall Township, Pennsylvania, Municipal Authority |
|
|
|
|
College Revenue Bonds (Elizabethtown College Project), |
|
|
|
|
5.90%, 12/15/11 (e) |
|
|
2,500 |
2,809,325 |
|
West Cornwall Township, Pennsylvania, Municipal Authority |
|
|
|
|
College Revenue Bonds (Elizabethtown College Project), 6%, |
|
|
|
|
12/15/11 (e) |
|
|
2,650 |
2,984,907 |
|
|
|
|
|
13,868,012 |
South Carolina - 2.3% |
South Carolina Jobs EDA, Hospital Facilities Revenue |
|
|
|
|
Refunding Bonds (Palmetto Health Alliance), Series A, |
|
|
|
|
6.125%, 8/01/23 |
|
|
5,000 |
4,569,550 |
Tennessee - 3.6% |
Knox County, Tennessee, Health, Educational and Housing Facilities |
|
|
|
|
Board, Hospital Facilities Revenue Refunding Bonds (Covenant |
|
|
|
|
Health), CABS, Series A, 5.632%, 1/01/19 (d)(g) |
|
|
12,000 |
7,068,240 |
Texas - 13.2% |
Alliance Airport Authority, Inc., Texas, Special Facilities |
|
|
|
|
Revenue Refunding Bonds (FedEx Corp. Project), AMT, |
|
|
|
|
4.85%, 4/01/21 |
|
|
2,000 |
1,576,000 |
|
Birdville, Texas, Independent School District, GO, |
|
|
|
|
Refunding, CABS, 5.404%, 2/15/18 (d) |
|
|
1,615 |
1,151,220 |
|
Birdville, Texas, Independent School District, GO, |
|
|
|
|
Refunding, CABS, 5.464%, 2/15/19 (d) |
|
|
1,815 |
1,216,758 |
|
Birdville, Texas, Independent School District, GO, |
|
|
|
|
Refunding, CABS, 5.513%, 2/15/20 (d) |
|
|
2,625 |
1,649,209 |
|
Birdville, Texas, Independent School District, GO, |
|
|
|
|
Refunding, CABS, 5.53%, 2/15/21 (d) |
|
|
2,500 |
1,472,775 |
|
Brazos River Authority, Texas, PCR, Refunding (TXU Energy |
|
|
|
|
Company Project), AMT, Series C, 5.75%, 5/01/36 |
|
10,010 |
6,163,958 |
|
Dallas-Fort Worth, Texas, International Airport Revenue |
|
|
|
|
Refunding and Improvement Bonds, AMT, Series A, 5.875%, |
|
|
|
|
11/01/17 (b)(c) |
|
|
5,000 |
5,042,500 |
|
Dallas-Fort Worth, Texas, International Airport Revenue |
|
|
|
|
Refunding and Improvement Bonds, AMT, Series A, 5.875%, |
|
|
|
|
11/01/18 (b)(c) |
|
|
5,000 |
5,028,800 |
|
Dallas, Texas, Civic Center Revenue Refunding and |
|
|
|
|
Improvement Bonds, 5%, 8/15/21 (n) |
|
|
2,500 |
2,562,325 |
|
|
|
|
|
25,863,545 |
Virginia - 1.3% |
Virginia State, HDA, Commonwealth Mortgage Revenue |
|
|
|
|
Refunding Bonds, AMT, Sub-Series E-2, 4.375%, 10/01/19 |
|
2,750 |
2,592,013 |
Wisconsin - 10.1% |
Franklin, Wisconsin, Solid Waste Disposal, Revenue Bonds, |
|
|
|
|
4.95%, 4/01/16 |
|
|
1,990 |
1,747,140 |
|
Wisconsin State General Fund Annual Appropriation Bonds, |
|
|
|
|
Series A, 5%, 5/01/18 |
|
|
1,000 |
1,045,250 |
|
|
|
|
|
5 |
|
|
|
|
|
|
|
|
|
BlackRock Municipal 2018 Term Trust |
|
|
|
Schedule of Investments March 31, 2009 (Unaudited) |
(Percentages shown are based on Net Assets) |
|
|
|
Par |
|
State |
Municipal Bonds |
|
(000) |
Value |
|
Wisconsin State Health and Educational Facilities Authority, |
|
|
|
Revenue Refunding Bonds (Froedtert and Community |
|
|
|
Health), 5.375%, 10/01/11 (e) |
|
$ 4,560 |
$ 5,086,178 |
|
Wisconsin State Health and Educational Facilities Authority, |
|
|
|
Revenue Refunding Bonds (Froedtert and Community |
|
|
|
Health), 5.375%, 10/01/21 |
|
440 |
440,515 |
|
Wisconsin State Health and Educational Facilities Authority, |
|
|
|
Revenue Refunding Bonds (Wheaton Franciscan Services, |
|
|
|
Inc.), 6.25%, 2/15/12 (e) |
|
10,000 |
11,488,800 |
|
|
|
|
19,807,883 |
Puerto Rico - 1.3% |
Puerto Rico Commonwealth, Public Improvement, GO, |
|
|
|
Series B, 5.25%, 7/01/17 |
|
2,665 |
2,439,434 |
Multi-State - 10.6% |
Charter Mac Equity Issuer Trust, 6.80%, 10/31/52 (f)(o) |
14,000 |
14,959,840 |
|
MuniMae TE Bond Subsidiary LLC, 5.20%, 6/29/49 (f)(o) |
6,000 |
3,914,520 |
|
MuniMae TE Bond Subsidiary LLC, Series D, 5.90%, 11/29/49 (f)(o) |
4,000 |
1,994,400 |
|
|
|
|
20,868,760 |
|
Total Municipal Bonds - 161.0% |
|
|
315,996,994 |
|
Tax-Exempt Corporate Bonds |
|
|
|
|
San Manuel Entertainment Authority Series 04-C, 4.50%, |
|
|
|
12/01/16 (f) |
|
4,000 |
3,307,800 |
|
Total Corporate Bonds - 1.7% |
|
|
3,307,800 |
|
Municipal Bonds Transferred to Tender Option Bond Trusts (p) |
|
|
Illinois - 2.6% |
Chicago, Illinois, Water Revenue Refunding Bonds, Second Lien, 5%, |
|
|
|
11/01/20 (g) |
|
5,000 |
5,237,500 |
|
Total Municipal Bonds Transferred to |
|
|
|
|
Tender Option Bond Trusts - 2.6% |
|
|
5,237,500 |
|
Total Long-Term Investments |
|
|
|
|
(Cost - $354,755,081) - 165.3% |
|
|
324,542,294 |
|
Short-Term Securities |
|
Shares |
|
Money Market Funds - 3.1% |
FFI Institutional Tax-Exempt Fund, 0.61% (q)(r) |
|
6,000,000 |
6,000,000 |
|
Total Short-Term Securities |
|
|
|
|
(Cost - $6,000,000) - 3.1% |
|
|
6,000,000 |
|
Total Investments (Cost - $360,755,081*) - 168.4% |
|
330,542,294 |
|
Other Assets Less Liabilities - 1.7% |
|
|
3,372,200 |
|
Liabilities for Trust Certificates, Including |
|
|
|
|
Interest Expense and Fees Payable - (1.9)% |
|
|
(3,765,415) |
|
Preferred Shares, at Redemption Value - (68.2)% |
|
(133,865,046) |
|
Net Assets Applicable to Common Shares - 100.0% |
$ |
196,284,033 |