Form NPORT-P - Monthly Portfolio Investments Report on Form N-PORT (Public)

Schedule of Investments (unaudited) October 31, 2023		BlackRock MuniAssets Fund, Inc. (MUA) (Percentages shown are based on Net Assets)

 

Security		Par (000)				Value
Corporate Bonds
Education — 0.5%
Grand Canyon University, 5.13%, 10/01/28		$	2,445			$	2,163,336
Total Corporate Bonds — 0.5% (Cost: $2,445,000)							2,163,336
Municipal Bonds
Alabama — 4.3%
Black Belt Energy Gas District, RB(a)
Series A, 5.25%, 01/01/54			3,085				3,079,802
Series F, 5.50%, 11/01/53			615				621,755
Black Belt Energy Gas District, Refunding RB, 4.00%, 06/01/51(a)			5,240				4,823,217
County of Jefferson Alabama Sewer Revenue,
Refunding RB, Series D, Sub Lien, 6.00%, 10/01/42			3,745				3,824,280
Hoover Industrial Development Board, RB, AMT, 6.38%, 11/01/50(a)			2,140				2,232,958
MidCity Improvement District, SAB 4.25%, 11/01/32			160				137,021
4.50%, 11/01/42			255				190,898
4.75%, 11/01/49			270				197,362
Sumter County Industrial Development Authority, RB, AMT, 6.00%, 07/15/52(a)			1,600				1,101,631
Tuscaloosa County Industrial Development Authority, Refunding RB, Series A, 5.25%, 05/01/44(b)			335				276,997
							16,485,921
Arizona — 4.4%
Arizona Industrial Development Authority, RB(b)
7.10%, 01/01/55			1,705				1,705,629
Series A, 5.00%, 12/15/39			250				214,293
Series B, 5.13%, 07/01/47			665				570,758
Arizona Industrial Development Authority, Refunding RB(b)
Series A, 5.13%, 07/01/37			960				881,305
Series A, 5.50%, 07/01/52			1,775				1,499,851
Glendale Industrial Development Authority, RB, 5.00%, 05/15/56			505				376,099
Industrial Development Authority of the City of Phoenix Arizona, RB(b)
Series A, 6.50%, 07/01/34			570				572,266
Series A, 6.75%, 07/01/44			1,000				1,003,547
Industrial Development Authority of the City of Phoenix Arizona, Refunding RB(b)
5.00%, 07/01/35			320				295,404
5.00%, 07/01/45			255				218,552
Industrial Development Authority of the County of Pima, Refunding RB(b)
4.00%, 06/15/51			1,555				1,052,256
5.00%, 07/01/56			470				362,486
La Paz County Industrial Development Authority, RB, 5.88%, 06/15/48(b)			875				750,620
Maricopa County Industrial Development Authority, RB 5.25%, 10/01/40(b)			465				438,645
5.50%, 10/01/51(b)			465				424,816
Series A, 3.00%, 09/01/51			5,155				3,245,764

Security		Par (000)				Value
Arizona (continued)
Maricopa County Industrial Development Authority, RB (continued)
AMT, 4.00%, 10/15/47(b)		$	2,495			$	1,919,983
Salt Verde Financial Corp., RB, 5.00%, 12/01/37			1,650				1,598,983
							17,131,257
Arkansas — 5.2%
Arkansas Development Finance Authority, RB 12.00%, 07/01/48(b)			2,800				2,819,397
AMT, 6.88%, 07/01/48(b)			1,300				1,262,571
AMT, 5.45%, 09/01/52			2,325				2,032,709
AMT, 4.75%, 09/01/49(b)			6,850				6,287,723
Series A, AMT, 4.50%, 09/01/49(b)			8,815				7,749,746
							20,152,146
California — 5.0%
California Municipal Finance Authority, RB(b)
Series A, 5.50%, 08/01/34			250				234,687
Series A, 6.00%, 08/01/44			665				618,809
Series A, 6.13%, 08/01/49			580				542,692
California School Finance Authority, RB, Series A, 6.40%, 07/01/48			1,570				1,570,504
California Statewide Communities Development Authority, RB, 5.25%, 12/01/38(b)			580				560,976
California Statewide Financing Authority, RB, Series B, 6.00%, 05/01/43			1,650				1,649,877
CMFA Special Finance Agency I, RB, M/F Housing, Series A, 4.00%, 04/01/56(b)			3,300				2,055,723
CMFA Special Finance Agency VIII, RB, M/F Housing, Series A-1, 3.00%, 08/01/56(b)			790				457,469
CMFA Special Finance Agency XII, RB, M/F Housing, 4.38%, 08/01/49(b)			485				350,508
CSCDA Community Improvement Authority, RB, M/F Housing(b)
3.13%, 07/01/56			990				574,280
3.13%, 08/01/56			120				72,804
4.00%, 12/01/56			385				242,970
4.00%, 07/01/58			380				233,283
Series A, 3.00%, 09/01/56			1,570				934,971
Series B, 4.00%, 07/01/58			435				271,903
Mezzanine Lien, 4.00%, 03/01/57			700				453,087
Mezzanine Lien, 4.00%, 06/01/57			2,060				1,272,241
Series B, Mezzanine Lien, 4.00%, 12/01/59			6,035				3,499,952
Senior Lien, 3.13%, 06/01/57			655				374,752
Series B, Sub Lien, 4.00%, 12/01/59			4,000				2,371,278
Golden State Tobacco Securitization Corp., Refunding RB, CAB, Series B-2, Subordinate, 0.00%, 06/01/66(c)			1,000				82,346
Hastings Campus Housing Finance Authority, RB, CAB, Sub-Series A, 6.75%, 07/01/61(b)(d)			1,705				607,393
San Francisco City & County Redevelopment Agency Successor Agency, TA, CAB, Series D, 0.00%, 08/01/43(b)(c)			1,500				420,398
							19,452,903
Colorado — 3.7%
9th Avenue Metropolitan District No. 2, GO, 5.00%, 12/01/48			910				716,774
Arista Metropolitan District, Refunding GO, Series A, 5.00%, 12/01/38			1,240				1,087,359

 

 

 

1

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Schedule of Investments (unaudited) (continued) October 31, 2023		BlackRock MuniAssets Fund, Inc. (MUA) (Percentages shown are based on Net Assets)

 

Security		Par (000)				Value
Colorado (continued)
Banning Lewis Ranch Metropolitan District No. 8, GO, 4.88%, 12/01/51(b)		$	665			$	460,393
Centerra Metropolitan District No. 1, TA, 5.00%, 12/01/47(b)			575				468,874
City & County of Denver Colorado Airport System Revenue, Refunding ARB
Series A, AMT, 4.13%, 11/15/47			1,870				1,539,206
Series A, AMT, 4.13%, 11/15/53			1,025				816,410
Colorado Health Facilities Authority, RB 5.50%, 11/01/47			265				265,329
5.25%, 11/01/52			555				528,396
Series A, 5.00%, 05/15/35			355				276,328
Series A, 5.00%, 05/15/44			385				253,812
Series A, 5.00%, 05/15/49			750				468,095
Fitzsimons Village Metropolitan District No. 3, Refunding GO, Series A-1, 4.25%, 12/01/55			1,735				1,046,645
Green Valley Ranch East Metropolitan District No. 6, GO, Series A, 5.88%, 12/01/50			935				816,311
Inspiration Metropolitan District, GO, Series B, Subordinate, 5.00%, 12/15/36			769				654,798
Karl’s Farm Metropolitan District No. 2, GO, Series A, 5.63%, 12/01/50(b)			545				430,640
Lanterns Metropolitan District No. 2, GO, Series A, 4.50%, 12/01/50			520				343,839
Loretto Heights Community Authority, RB, 4.88%, 12/01/51			790				558,765
North Holly Metropolitan District, GO, Series A, 5.50%, 12/01/48			500				431,649
Palisade Metropolitan District No. 2, GO, Subordinate, 7.25%, 12/15/49			1,211				1,028,859
Prairie Farm Metropolitan District, GO, Series A, 5.25%, 12/01/48			760				635,051
Pueblo Urban Renewal Authority, TA, 4.75%, 12/01/45(b)			1,065				716,702
Waters’ Edge Metropolitan District No. 2, GO, 5.00%, 12/01/51			790				597,233
							14,141,468
Connecticut(b) — 0.7%
Connecticut State Health & Educational Facilities Authority, RB, Series A, 5.00%, 01/01/45			325				256,201
Mohegan Tribal Finance Authority, RB, 7.00%, 02/01/45			1,375				1,319,597
Mohegan Tribe of Indians of Connecticut, RB, Series A, AMT, 6.75%, 02/01/45			950				936,077
							2,511,875
Delaware — 0.9%
Affordable Housing Opportunities Trust, RB, Series AH-01, Class B, 6.88%, 05/01/39(b)(e)			1,214				1,131,170
Delaware State Health Facilities Authority, Refunding RB, 4.00%, 10/01/49			2,870				2,379,835
							3,511,005
District of Columbia — 0.9%
District of Columbia Tobacco Settlement Financing Corp., RB, Series A, 0.00%, 06/15/46(c)			15,400				3,299,599
Florida — 14.1%
Avenir Community Development District, SAB, 5.63%, 05/01/54			655				590,852

Security		Par (000)				Value
Florida (continued)
Babcock Ranch Community Independent Special District, SAB
Series 2022, 5.00%, 05/01/42		$	510			$	459,023
Series 2022, 5.00%, 05/01/53			385				327,185
Boggy Creek Improvement District, Refunding SAB, Series 2013, 5.13%, 05/01/43			1,240				1,121,940
Brevard County Health Facilities Authority, Refunding RB(b)
4.00%, 11/15/23			125				124,911
4.00%, 11/15/24			440				433,664
4.00%, 11/15/25			460				447,832
4.00%, 11/15/27			495				469,885
4.00%, 11/15/29			435				395,881
4.00%, 11/15/32			450				393,614
4.00%, 11/15/35			675				557,736
Buckhead Trails Community Development District, SAB, Series 2022, 5.75%, 05/01/52			400				376,178
Capital Region Community Development District, Refunding SAB, Series A-1, 5.13%, 05/01/39			1,490				1,361,618
Capital Trust Agency, Inc., RB(b)
5.00%, 01/01/55			2,640				1,837,822
Series A, 5.75%, 06/01/54			940				704,554
Capital Trust Agency, Inc., RB, CAB, 0.00%, 07/01/61(b)(c)			34,550				1,822,364
Charlotte County Industrial Development Authority, RB(b)
AMT, 5.00%, 10/01/49			1,415				1,196,782
AMT, 4.00%, 10/01/51			425				298,484
Collier County Industrial Development Authority, Refunding RB, Series A, 8.13%, 05/15/44(b)(f)(g)			630				27,720
County of Miami-Dade Florida Aviation Revenue, Refunding ARB, Series A, AMT, 5.00%, 10/01/49			5,000				4,754,180
County of Osceola Florida Transportation Revenue, Refunding RB, CAB(c)
Series A-2, 0.00%, 10/01/49			730				157,400
Series A-2, 0.00%, 10/01/51			875				168,004
Series A-2, 0.00%, 10/01/52			1,200				217,373
Series A-2, 0.00%, 10/01/54			2,875				466,742
Florida Development Finance Corp., RB(b)
5.00%, 06/15/56			1,150				804,205
6.50%, 06/30/57			500				430,977
Series A, 5.75%, 06/15/29			690				673,321
Series A, 6.00%, 06/15/34			835				810,462
Series A, 6.13%, 06/15/44			3,180				2,879,704
Series A, 5.13%, 06/15/55			3,645				2,637,282
Series B, 4.50%, 12/15/56			3,985				2,581,265
Series C, 5.75%, 12/15/56			1,325				968,252
AMT, 5.00%, 05/01/29			2,155				1,961,732
Series B, AMT, 7.38%, 01/01/49			490				476,880
Lakewood Ranch Stewardship District, SAB 4.25%, 05/01/26			90				88,621
4.95%, 05/01/29(b)			345				339,388
5.50%, 05/01/39(b)			315				299,681
3.00%, 05/01/41			275				185,852
5.13%, 05/01/46			675				588,062
5.65%, 05/01/48(b)			520				476,778
Series 1B, 4.75%, 05/01/29			565				552,155
Series 1B, 5.30%, 05/01/39			645				600,722
Series 1B, 5.45%, 05/01/48			1,150				1,025,950
Laurel Road Community Development District, SAB Series A-1, 2.60%, 05/01/26			80				76,928

 

 

 

S C H E D U L E   O F   I N V E S T M E N T S		2

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Schedule of Investments (unaudited) (continued) October 31, 2023		BlackRock MuniAssets Fund, Inc. (MUA) (Percentages shown are based on Net Assets)

 

Security		Par (000)				Value
Florida (continued)
Laurel Road Community Development District, SAB (continued)
Series A-1, 3.00%, 05/01/31		$	100			$	87,544
Series A-1, 3.25%, 05/01/41			190				132,900
Series A-1, 4.00%, 05/01/52			300				205,561
Series A-2, 3.13%, 05/01/31			400				334,364
Miami-Dade County Industrial Development Authority, RB, 5.00%, 01/15/48			915				803,794
Midtown Miami Community Development District, Refunding SAB
Series A, 5.00%, 05/01/37			845				777,191
Series B, 5.00%, 05/01/37			495				455,277
North Powerline Road Community Development District, SAB, 5.63%, 05/01/52(b)			925				789,613
North River Ranch Community Development District, SAB
Series A-1, 4.00%, 05/01/40			310				249,923
Series A-1, 4.25%, 05/01/51			530				395,564
Series A-2, 4.20%, 05/01/35			260				219,497
Poitras East Community Development District, SAB, 5.00%, 05/01/43			690				600,601
Rolling Hills Community Development District, Refunding SAB, Series A-2, 3.65%, 05/01/32			1,000				839,797
Sawyers Landing Community Development District, SAB, 4.25%, 05/01/53			1,145				794,626
Seminole County Industrial Development Authority, Refunding RB, 5.75%, 11/15/54			985				699,312
South Broward Hospital District, RB
(BAM-TCRS), 3.00%, 05/01/51			720				458,833
Series A, 3.00%, 05/01/51			6,355				3,917,479
Tolomato Community Development District, Refunding SAB, Series 2015-2, 6.61%, 05/01/40(d)			805				702,466
Tolomato Community Development District, SAB, Series 2015-3, 6.61%, 05/01/40(f)(g)			875				9
Trout Creek Community Development District, SAB 5.38%, 05/01/38			430				407,378
5.50%, 05/01/49			1,105				997,695
Village Community Development District No. 14, SAB 5.38%, 05/01/42			1,110				1,095,021
5.50%, 05/01/53			820				782,820
West Villages Improvement District, SAB 4.75%, 05/01/39			455				400,373
5.00%, 05/01/50			940				784,471
Windward at Lakewood Ranch Community Development District, SAB 4.00%, 05/01/42			240				184,468
4.25%, 05/01/52			280				200,959
							54,487,497
Georgia — 1.0%
Atlanta Urban Redevelopment Agency, RB, 3.88%, 07/01/51(b)			765				566,996
East Point Business & Industrial Development Authority, RB, Series A, 5.25%, 06/15/62(b)			290				228,667

Security		Par (000)				Value
Georgia (continued)
Gainesville & Hall County Hospital Authority, RB, Series A, 4.00%, 02/15/51		$	855			$	690,747
Main Street Natural Gas, Inc., RB, Series A, 5.00%, 05/15/38			340				323,960
Main Street Natural Gas, Inc., Refunding RB, Series E-1, 5.00%, 12/01/53(a)			1,195				1,185,826
Municipal Electric Authority of Georgia, RB, Series A, 5.00%, 07/01/52			915				858,740
							3,854,936
Idaho — 0.1%
Idaho Housing & Finance Association, RB, Series A, 6.95%, 06/15/55(b)			580				568,006
Illinois — 7.3%
Chicago Board of Education, GO
Series A, 5.00%, 12/01/42			1,650				1,474,777
Series C, 5.25%, 12/01/35			1,655				1,613,497
Series D, 5.00%, 12/01/46			2,155				1,904,121
Chicago Board of Education, Refunding GO
Series B, 4.00%, 12/01/35			745				650,321
Series B, 4.00%, 12/01/41			1,665				1,314,479
Series D, 5.00%, 12/01/31			1,000				988,168
City of Chicago Illinois, Refunding GO
Series A, 6.00%, 01/01/38			1,260				1,289,737
Series B, 4.00%, 01/01/37			1,709				1,498,756
Illinois Finance Authority, RB(b)
Class A, 5.00%, 07/01/51			2,000				1,337,584
Class A, 5.00%, 07/01/56			2,000				1,299,048
Illinois Finance Authority, Refunding RB 6.60%, 07/01/24			230				226,583
6.00%, 02/01/34			365				352,272
6.13%, 02/01/45			860				800,938
Series C, 4.00%, 02/15/41			1,430				1,239,327
Illinois State Toll Highway Authority, RB, Series A, 4.00%, 01/01/46			1,795				1,496,869
Metropolitan Pier & Exposition Authority, RB 5.00%, 06/15/57			1,020				931,819
Series A, 5.50%, 06/15/53			2,370				2,348,714
Metropolitan Pier & Exposition Authority, Refunding RB, 4.00%, 06/15/50			2,920				2,260,240
Metropolitan Pier & Exposition Authority, Refunding RB, CAB, Series B, 0.00%, 12/15/54(c)			14,000				2,273,367
State of Illinois, GO 5.50%, 05/01/30			530				554,778
5.50%, 05/01/39			1,055				1,079,447
Village of Lincolnshire Illinois, ST, 6.25%, 03/01/34			1,277				1,182,796
							28,117,638
Indiana — 1.4%
City of Valparaiso Indiana, RB
AMT, 6.75%, 01/01/34			825				826,926
AMT, 7.00%, 01/01/44			2,000				2,004,332

 

 

 

3

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Schedule of Investments (unaudited) (continued) October 31, 2023		BlackRock MuniAssets Fund, Inc. (MUA) (Percentages shown are based on Net Assets)

 

Security		Par (000)				Value
Indiana (continued)
City of Vincennes Indiana, Refunding RB, 6.25%, 01/01/29(b)(f)(g)		$	1,715			$	1,418,477
Indiana Finance Authority, RB, Series A, AMT, 6.75%, 05/01/39			1,060				1,117,964
							5,367,699
Kansas(b) — 0.2%
City of Shawnee Kansas, RB 5.00%, 08/01/41			230				194,256
5.00%, 08/01/56			850				641,923
							836,179
Kentucky(b) — 0.5%
City of Henderson Kentucky, RB
AMT, 4.45%, 01/01/42			2,000				1,790,378
Series A, AMT, 4.70%, 01/01/52			230				201,386
							1,991,764
Louisiana — 1.8%
Louisiana Local Government Environmental Facilities & Community Development Authority, RB, 5.00%, 07/01/54(b)			930				661,997
Louisiana Public Facilities Authority, RB, Series A, 6.50%, 06/01/62(b)			280				238,505
Parish of St. James Louisiana, RB, 2nd Series, 6.35%, 07/01/40(b)			1,580				1,616,950
Tobacco Settlement Financing Corp. Refunding RB, Series A, 5.25%, 05/15/35			4,540				4,541,888
							7,059,340
Maine — 0.2%
Finance Authority of Maine, RB, AMT, 8.00%, 12/01/51(b)			1,185				711,431
Maryland — 1.3%
City of Baltimore Maryland, RB, 4.88%, 06/01/42			325				282,836
Maryland Economic Development Corp., RB 5.00%, 07/01/56			360				319,700
Class B, AMT, 5.25%, 06/30/55			1,555				1,426,110
Maryland Health & Higher Educational Facilities Authority, RB, Series A, 7.00%, 03/01/55(b)			3,010				2,978,990
							5,007,636
Michigan — 1.0%
Advanced Technology Academy, Refunding RB, 5.00%, 11/01/44			415				345,900
Michigan Finance Authority, Refunding RB, Series A, 4.00%, 12/01/49			2,405				1,917,245
Michigan Strategic Fund, RB 5.00%, 11/15/42			345				286,993
AMT, 5.00%, 12/31/43			1,200				1,115,742
							3,665,880
Minnesota — 0.3%
City of Minneapolis Minnesota, RB, Series A, 5.75%, 07/01/55			1,480				1,299,367

Security		Par (000)				Value
Missouri — 0.3%
Industrial Development Authority of the City of St Louis Missouri, Refunding RB
Series A, 4.38%, 11/15/35		$	685			$	510,349
Series A, 4.75%, 11/15/47			760				509,839
							1,020,188
Nevada — 0.3%
Tahoe-Douglas Visitors Authority, RB 5.00%, 07/01/40			670				613,149
5.00%, 07/01/45			460				403,315
							1,016,464
New Hampshire — 0.7%
New Hampshire Business Finance Authority, RB
Series A, 4.13%, 08/15/40			530				406,345
Series A, 4.25%, 08/15/46			595				428,734
Series A, 4.50%, 08/15/55			1,235				873,596
New Hampshire Business Finance Authority, Refunding RB(b)
Series B, 4.63%, 11/01/42			1,015				800,670
Series C, AMT, 4.88%, 11/01/42			485				375,869
							2,885,214
New Jersey — 7.6%
Casino Reinvestment Development Authority, Inc., Refunding RB 5.25%, 11/01/39			1,065				1,029,432
5.25%, 11/01/44			770				716,828
Middlesex County Improvement Authority RB, Series B, 6.13%, 01/01/25			990				12,226
Middlesex County Improvement Authority, RB, Series B, 6.25%, 01/01/37			2,145				26,491
New Jersey Economic Development Authority, RB 6.00%, 10/01/43			1,530				1,530,585
Class A, 5.25%, 11/01/47			2,650				2,685,869
Series A, 5.00%, 07/01/32			165				157,453
Series A, 5.00%, 07/01/37			260				240,609
Series A, 5.25%, 11/01/54(b)			1,675				1,275,812
Series B, 5.00%, 06/15/43			2,245				2,225,747
AMT, 5.38%, 01/01/43			2,155				2,086,497
Series B, AMT, 6.50%, 04/01/31			1,660				1,646,623
New Jersey Economic Development Authority, Refunding RB, Series A, 6.00%, 08/01/49(b)			500				460,184
New Jersey Health Care Facilities Financing Authority, RB, 4.00%, 07/01/51			2,655				2,173,068
New Jersey Transportation Trust Fund Authority, RB Series AA, 5.25%, 06/15/41			1,140				1,141,338
Series S, 5.25%, 06/15/43			2,345				2,368,243
New Jersey Transportation Trust Fund Authority, RB, CAB, Series A, 0.00%, 12/15/35(c)			8,950				4,917,078
Tobacco Settlement Financing Corp., Refunding RB, Sub-Series B, 5.00%, 06/01/46			5,120				4,754,513
							29,448,596
New Mexico — 0.2%
Winrock Town Center Tax Increment Development District No. 1, Refunding TA, Senior Lien, 4.25%, 05/01/40(b)			1,000				774,346

 

 

 

S C H E D U L E   O F   I N V E S T M E N T S		4

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Schedule of Investments (unaudited) (continued) October 31, 2023		BlackRock MuniAssets Fund, Inc. (MUA) (Percentages shown are based on Net Assets)

 

Security		Par (000)				Value
New York — 13.7%
Albany Capital Resource Corp., Refunding RB, 4.00%, 07/01/51		$	1,500			$	750,389
Build NYC Resource Corp., RB, Series A, 5.00%, 07/01/32			745				664,506
City of New York, GO, Series A-1, 4.00%, 09/01/46			1,195				1,015,519
Erie Tobacco Asset Securitization Corp., Refunding RB, Series A, 5.00%, 06/01/45			2,890				2,503,051
Huntington Local Development Corp., RB, Series A, 5.25%, 07/01/56			185				130,642
Metropolitan Transportation Authority, Refunding RB
Series C-1, 4.75%, 11/15/45			740				680,593
Series C-1, 5.00%, 11/15/50			565				533,011
Series C-1, 5.25%, 11/15/55			840				825,922
New York City Housing Development Corp., RB, M/F Housing
Series C-1A, 4.15%, 11/01/39			1,895				1,699,319
Series C-1A, 4.20%, 11/01/44			3,475				3,049,817
Series C-1A, 4.30%, 11/01/47			2,845				2,399,373
New York Counties Tobacco Trust IV, Refunding RB
Series A, 6.25%, 06/01/41(b)			4,900				4,899,849
Series A, 5.00%, 06/01/42			3,155				2,756,464
New York Counties Tobacco Trust VI, Refunding RB
Series A-2B, 5.00%, 06/01/45			215				190,657
Series A-2B, 5.00%, 06/01/51			4,340				3,714,842
New York Liberty Development Corp., Refunding RB
Class 1, 5.00%, 11/15/44(b)			6,205				5,537,089
Class 2, 5.38%, 11/15/40(b)			1,080				998,229
Series A, 3.00%, 11/15/51			2,250				1,458,601
New York Power Authority, Refunding RB, Series A, 4.00%, 11/15/55			1,435				1,165,717
New York State Dormitory Authority, Refunding RB, Series A, 4.00%, 03/15/48			1,505				1,278,175
New York State Urban Development Corp., RB, Series A, 4.00%, 03/15/49			2,020				1,692,775
New York State Urban Development Corp., Refunding RB 3.00%, 03/15/48			9,655				6,561,178
4.00%, 03/15/49			2,330				1,952,145
New York Transportation Development Corp., RB 5.63%, 04/01/40(h)			745				737,194
AMT, 5.00%, 10/01/35			1,175				1,121,306
New York Transportation Development Corp., Refunding ARB, AMT, 5.38%, 08/01/36			1,490				1,455,490
State of New York Mortgage Agency Homeowner Mortgage Revenue, RB, S/F Housing, Series 239, (SONYMA), 2.70%, 10/01/47			3,370				2,110,379
Westchester County Local Development Corp., Refunding RB(b)
5.00%, 07/01/41			730				575,524
5.00%, 07/01/56			810				571,775
							53,029,531
North Dakota — 0.4%
City of Grand Forks North Dakota, RB, Series B, (AGM), 5.00%, 12/01/48			1,765				1,697,492
Ohio — 3.1%
Buckeye Tobacco Settlement Financing Authority, Refunding RB, Series B-2, 5.00%, 06/01/55			5,995				4,902,121

Security		Par (000)				Value
Ohio (continued)
Cleveland-Cuyahoga County Port Authority, Refunding TA(b)
Series A, 4.00%, 12/01/55		$	250			$	185,403
Series S, 4.50%, 12/01/55			210				154,309
County of Hamilton Ohio, Refunding RB, Series C, 5.00%, 01/01/46			875				714,067
County of Hardin Ohio, Refunding RB 5.00%, 05/01/30			240				218,362
5.25%, 05/01/40			240				198,493
5.50%, 05/01/50			1,130				873,537
Hickory Chase Community Authority, Refunding RB, 5.00%, 12/01/40(b)			375				311,678
Jefferson County Port Authority, RB, AMT, 3.50%, 12/01/51(b)			1,125				705,428
Ohio Air Quality Development Authority, RB(b)
AMT, 4.50%, 01/15/48			1,300				1,122,835
AMT, 5.00%, 07/01/49			740				589,858
Port of Greater Cincinnati Development Authority, RB, 4.25%, 12/01/50(b)			375				278,110
Southern Ohio Port Authority, RB, Series A, AMT, 7.00%, 12/01/42(b)			2,315				1,556,695
							11,810,896
Oklahoma — 2.4%
Oklahoma Development Finance Authority, RB 7.25%, 09/01/51(b)			4,615				4,477,840
Series B, 5.00%, 08/15/38			2,990				2,570,521
Series B, 5.50%, 08/15/52			1,570				1,352,290
Tulsa Authority for Economic Opportunity, TA, 4.38%, 12/01/41(b)			325				271,019
Tulsa County Industrial Authority, Refunding RB, 5.25%, 11/15/37			750				705,461
							9,377,131
Oregon — 0.6%
Hospital Facilities Authority of Multnomah County Oregon, Refunding RB, Series A, 5.50%, 10/01/24(i)			1,765				1,791,297
Oregon State Facilities Authority, RB(b)
Series A, 5.00%, 06/15/29			115				109,580
Series A, 5.00%, 06/15/39			565				475,353
							2,376,230
Pennsylvania — 4.1%
Allegheny County Airport Authority, ARB, Series A, AMT, (AGM-CR), 4.00%, 01/01/56			5,240				4,031,429
Allegheny County Industrial Development Authority, Refunding RB, 4.88%, 11/01/24			3,400				3,367,016
Bucks County Industrial Development Authority, RB, 4.00%, 07/01/46			200				131,578
Northampton County Industrial Development Authority, TA, 7.00%, 07/01/32			1,430				1,380,466
Pennsylvania Economic Development Financing Authority, Refunding RB, AMT, 5.50%, 11/01/44			2,710				2,428,607
Pennsylvania Turnpike Commission Oil Franchise Tax Revenue, Refunding RB, Series B, 4.00%, 12/01/53			5,000				3,983,776
School District of Philadelphia, GO, Series A, 5.50%, 09/01/48(h)			580				594,633
							15,917,505

 

 

 

5

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Schedule of Investments (unaudited) (continued) October 31, 2023		BlackRock MuniAssets Fund, Inc. (MUA) (Percentages shown are based on Net Assets)

 

Security		Par (000)				Value
Puerto Rico — 15.1%
Children’s Trust Fund, RB, Series A, 0.00%, 05/15/57(c)		$	44,330			$	2,299,992
Commonwealth of Puerto Rico, GO 0.00%, 11/01/51(a)			23,415				10,811,310
Series A-1, 0.00%, 11/01/43(a)			4,994				2,566,021
Series A-1, Restructured, 5.38%, 07/01/25			—	(j)			2
Series A-1, Restructured, 5.63%, 07/01/27			—	(j)			2
Series A-1, Restructured, 5.63%, 07/01/29			3,644				3,722,531
Series A-1, Restructured, 5.75%, 07/01/31			2,813				2,891,920
Series A-1, Restructured, 4.00%, 07/01/33			625				544,219
Series A-1, Restructured, 4.00%, 07/01/35			4,100				3,469,482
Series A-1, Restructured, 4.00%, 07/01/37			1,452				1,177,502
Series A-1, Restructured, 4.00%, 07/01/41			656				504,003
Series A-1, Restructured, 4.00%, 07/01/46			682				498,097
Commonwealth of Puerto Rico, GO, CAB(c)
Series A, Restructured, 0.00%, 07/01/24			—	(j)			1
Series A, Restructured, 0.00%, 07/01/33			1,765				990,698
Commonwealth of Puerto Rico, RB, 0.00%, 11/01/51(a)			8,999				1,422,236
Puerto Rico Electric Power Authority, RB(f)(g)
3rd Series, 5.40%, 01/01/23(a)			90				22,430
Series A, 5.00%, 07/01/29			660				165,000
Series A, 7.00%, 07/01/33			3,295				823,750
Series A, 5.00%, 07/01/42			910				227,500
Series A, 7.00%, 07/01/43			375				93,750
Series A-1, 10.00%, 07/01/19			75				18,774
Series A-2, 10.00%, 07/01/19			379				94,715
Series A-3, 10.00%, 07/01/19			323				80,753
Series B-3, 10.00%, 07/01/19			323				80,753
Series C-1, 5.40%, 01/01/18			887				221,863
Series C-2, 5.40%, 07/01/18			888				221,899
Series C-4, 5.40%, 07/01/20			90				22,430
Series CCC, 5.25%, 07/01/26			260				65,000
Series CCC, 5.25%, 07/01/28			145				36,250
Series D-1, 7.50%, 01/01/20			761				190,193
Series D-4, 7.50%, 07/01/20			404				100,971
Series TT, 5.00%, 07/01/18			295				73,750
Series TT, 5.00%, 07/01/25			100				25,000
Series TT, 5.00%, 07/01/26			225				56,250
Series WW, 5.50%, 07/01/17			200				50,000
Series WW, 5.50%, 07/01/18			1,175				293,750
Series WW, 5.50%, 07/01/19			145				36,250
Series WW, 5.50%, 07/01/20			1,595				398,750
Series WW, 5.38%, 07/01/22			1,310				327,500
Series WW, 5.25%, 07/01/33			120				30,000
Series WW, 5.50%, 07/01/38			205				51,250
Series XX, 5.25%, 07/01/27			110				27,500
Series XX, 5.25%, 07/01/35			645				161,250
Series XX, 5.75%, 07/01/36			860				215,000
Series XX, 5.25%, 07/01/40			1,020				255,000
Series A, AMT, 6.75%, 07/01/36			1,335				333,750
Puerto Rico Electric Power Authority, Refunding RB(f)(g)
Series AAA, 5.25%, 07/01/22			2,545				636,250
Series AAA, 5.25%, 07/01/29			95				23,750
Series UU, 0.00%, 07/01/17(a)			60				15,000
Series UU, 0.00%, 07/01/18(a)			55				13,750
Series UU, 1.32%, 07/01/20(a)			495				123,750
Series UU, 4.49%, 07/01/31(a)			580				145,000
Series ZZ, 5.00%, 07/01/17			145				36,250

Security		Par (000)				Value
Puerto Rico (continued)
Puerto Rico Electric Power Authority, Refunding RB(f)(g) (continued)
Series ZZ, 5.25%, 07/01/19		$	455			$	113,750
Series ZZ, 5.25%, 07/01/24			345				86,250
Puerto Rico Electric Power Authority, Refunding RB, BAB, Series YY, 6.13%, 07/01/40(f)(g)			1,085				271,250
Puerto Rico Highway & Transportation Authority, RB, CAB, Series B, Restructured, 0.00%, 07/01/32(c)			2,520				1,610,779
Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue, RB
Series A-1, Restructured, 4.75%, 07/01/53			2,453				2,069,246
Series A-1, Restructured, 5.00%, 07/01/58			5,234				4,535,959
Series A-2, Restructured, 4.54%, 07/01/53			21				17,043
Series A-2, Restructured, 4.78%, 07/01/58			2,080				1,741,500
Series A-2, Restructured, 4.33%, 07/01/40			6,129				5,292,469
Series B-1, Restructured, 4.55%, 07/01/40			2,402				2,130,516
Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue, RB, CAB(c)
Series A-1, Restructured, 0.00%, 07/01/29			200				152,477
Series A-1, Restructured, 0.00%, 07/01/33			1,023				631,879
Series A-1, Restructured, 0.00%, 07/01/46			12,021				2,971,452
Series B-1, Restructured, 0.00%, 07/01/46			883				218,196
							58,535,563
Rhode Island — 0.4%
Central Falls Detention Facility Corp., Refunding RB, 7.25%, 07/15/35(f)(g)			4,190				754,200
Tobacco Settlement Financing Corp., Refunding RB, Series A, 5.00%, 06/01/40			980				932,213
							1,686,413
South Carolina — 0.9%
Patriots Energy Group Financing Agency, RB, Series A1, 5.25%, 10/01/54(a)			3,110				3,098,541
South Carolina Jobs-Economic Development Authority, RB, 7.50%, 08/15/62(b)			605				501,925
							3,600,466
Tennessee — 2.1%
Memphis-Shelby County Airport Authority, ARB, Series A, AMT, 5.00%, 07/01/45			3,000				2,878,089
Metropolitan Government Nashville & Davidson County Industrial Development Board, SAB, CAB, 0.00%, 06/01/43(b)(c)			3,270				1,078,917
Metropolitan Government Nashville & Davidson County Sports Authority, RB, Series A, Senior Lien, (AGM), 5.25%, 07/01/48			1,610				1,648,948
Tennergy Corp., RB, Series A, 5.50%, 10/01/53(a)			2,520				2,528,147
							8,134,101
Texas — 11.3%
Angelina & Neches River Authority, RB, Series A, AMT, 7.50%, 12/01/45(b)			715				450,667
Arlington Higher Education Finance Corp., RB 5.00%, 06/15/51			715				550,921
7.88%, 11/01/62(b)			565				531,935
Arlington Higher Education Finance Corp., Refunding RB, Series S, 5.00%, 08/15/41			370				296,989
Brazoria County Industrial Development Corp., RB, AMT, 7.00%, 03/01/39			675				557,634
Central Texas Regional Mobility Authority, Refunding RB(c)
0.00%, 01/01/28			1,000				838,344

 

 

 

S C H E D U L E   O F   I N V E S T M E N T S		6

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Schedule of Investments (unaudited) (continued) October 31, 2023		BlackRock MuniAssets Fund, Inc. (MUA) (Percentages shown are based on Net Assets)

 

Security		Par (000)				Value
Texas (continued)
Central Texas Regional Mobility Authority, Refunding RB(c) (continued)
0.00%, 01/01/29		$	2,000			$	1,600,046
0.00%, 01/01/30			1,170				891,738
0.00%, 01/01/33			3,690				2,410,473
0.00%, 01/01/34			4,000				2,464,705
City of Houston Texas Airport System Revenue, ARB AMT, 4.00%, 07/15/41			3,350				2,700,484
Series A, AMT, 6.63%, 07/15/38			2,890				2,864,556
City of Houston Texas Airport System Revenue, Refunding ARB, AMT, 5.00%, 07/15/27			250				241,392
City of Houston Texas Airport System Revenue, Refunding RB
AMT, 5.00%, 07/01/29			5,730				5,574,546
Series C, AMT, 5.00%, 07/15/27			1,615				1,566,919
City of San Marcos Texas, SAB(b)
4.00%, 09/01/32			100				89,772
4.50%, 09/01/51			480				365,451
City of Sinton Texas, SAB(b) 5.13%, 09/01/42			858				745,182
5.25%, 09/01/51			1,195				992,037
Mission Economic Development Corp., Refunding RB, AMT, Senior Lien, 4.63%, 10/01/31(b)			785				738,484
New Hope Cultural Education Facilities Finance Corp., Refunding RB, Series A, 6.75%, 10/01/52			1,650				1,349,729
New Hope Higher Education Finance Corp., RB, Series A, 5.75%, 06/15/51(b)			1,650				1,305,359
Newark Higher Education Finance Corp., RB(b)
Series A, 5.50%, 08/15/35			290				280,814
Series A, 5.75%, 08/15/45			580				538,921
Port Beaumont Navigation District, RB(b)
AMT, 2.75%, 01/01/36			920				618,869
AMT, 3.00%, 01/01/50			2,910				1,519,458
Port Beaumont Navigation District, Refunding RB(b)
Series A, AMT, 3.63%, 01/01/35			1,215				921,021
Series A, AMT, 4.00%, 01/01/50			4,795				3,075,974
Tarrant County Cultural Education Facilities Finance Corp., Refunding RB, 5.00%, 10/01/49			865				731,669
Texas Municipal Gas Acquisition & Supply Corp. III, Refunding RB, 5.00%, 12/15/32			860				833,457
Texas Private Activity Bond Surface Transportation Corp., RB, AMT, Senior Lien, 5.50%, 12/31/58			3,155				3,169,615
Texas Transportation Commission State Highway 249 System, RB, CAB(c)
0.00%, 08/01/46			1,420				348,249
0.00%, 08/01/47			2,120				482,706
0.00%, 08/01/48			2,235				481,369
0.00%, 08/01/49			2,100				423,210
0.00%, 08/01/50			3,015				569,751
0.00%, 08/01/51			1,770				313,470
0.00%, 08/01/52			1,770				292,706
0.00%, 08/01/53			160				24,985
							43,753,607

Security		Par (000)				Value
Utah — 0.3%
County of Utah Utah, RB, Series A, 3.00%, 05/15/50		$	1,000			$	653,730
Utah Charter School Finance Authority, RB, Series A, 5.00%, 06/15/52(b)			470				352,986
							1,006,716
Vermont — 0.8%
East Central Vermont Telecommunications District, RB, Series A, 4.50%, 12/01/44(b)			4,000				3,009,858
Virginia — 2.3%
Hampton Roads Transportation Accountability Commission, RB, Series A, Senior Lien, 4.00%, 07/01/55			2,435				2,004,170
Lower Magnolia Green Community Development Authority, SAB(b)
5.00%, 03/01/35			465				438,015
5.00%, 03/01/45			475				415,167
Norfolk Redevelopment & Housing Authority, RB
Series A, 4.00%, 01/01/29			300				262,174
Series A, 5.00%, 01/01/34			485				414,375
Series A, 5.00%, 01/01/49			955				705,425
Tobacco Settlement Financing Corp., Refunding RB, Series B-1, 5.00%, 06/01/47			2,370				2,041,399
Virginia Small Business Financing Authority, RB, AMT, 5.00%, 12/31/56			2,000				1,831,293
Virginia Small Business Financing Authority, Refunding RB, AMT, Senior Lien, 4.00%, 01/01/48			840				669,368
							8,781,386
Washington — 0.5%
Washington State Housing Finance Commission, RB, Series A, 5.00%, 07/01/50(b)			450				373,305
Washington State Housing Finance Commission, Refunding RB 5.75%, 01/01/35(b)			315				274,890
6.00%, 01/01/45(b)			850				705,348
Series A, 5.00%, 07/01/43			340				314,586
Series A, 5.00%, 07/01/48			320				286,767
							1,954,896
Wisconsin — 6.8%
Public Finance Authority, ARB, AMT, 4.25%, 07/01/54			1,595				1,009,567
Public Finance Authority, RB 5.00%, 06/15/39			175				158,401
5.00%, 06/15/41(b)			345				302,161
7.75%, 07/01/43(b)			3,270				3,063,940
5.00%, 06/15/49			530				440,748
5.63%, 06/15/49(b)			2,480				1,897,222
5.00%, 06/15/53			355				291,130
5.00%, 06/15/55(b)			895				727,550
5.00%, 01/01/56(b)			1,470				1,099,685
Class A, 5.00%, 06/15/56(b)			495				345,807
Series A, 6.25%, 10/01/31(b)			605				435,600
Series A, 6.85%, 11/01/46(b)(f)(g)			900				585,000
Series A, 7.00%, 11/01/46(b)(f)(g)			570				370,500
Series A, 7.00%, 10/01/47(b)			605				435,600
Series A, 5.63%, 06/15/49(b)			2,890				2,411,517
Series A, 5.25%, 12/01/51(b)			1,470				1,003,982
Series A, 5.00%, 06/15/55(b)			4,030				2,737,263
Series A, 4.75%, 06/15/56(b)			2,990				1,899,169

 

 

 

7

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Schedule of Investments (unaudited) (continued) October 31, 2023		BlackRock MuniAssets Fund, Inc. (MUA) (Percentages shown are based on Net Assets)

 

Security		Par (000)				Value
Wisconsin (continued)
Public Finance Authority, RB (continued)
Series A-1, 4.50%, 01/01/35(b)		$	1,210			$	1,014,708
Series A-1, 5.50%, 12/01/48(b)(f)(g)			20				4,385
Series B, 0.00%, 01/01/35(b)(c)			1,615				710,587
Series B, 0.00%, 01/01/60(b)(c)			35,940				1,869,812
AMT, 4.00%, 09/30/51			1,025				743,261
AMT, 4.00%, 03/31/56			980				687,907
Wisconsin Health & Educational Facilities Authority, Refunding RB 4.00%, 12/01/46			1,145				926,508
4.00%, 01/01/47			1,300				771,693
4.00%, 01/01/57			350				190,818
							26,134,521
Wyoming — 0.3%
University of Wyoming, RB, Series C, (AGM), 4.00%, 06/01/51			1,345				1,077,766
Total Municipal Bonds — 128.5% (Cost: $584,746,826)							496,682,433
Municipal Bonds Transferred to Tender Option Bond Trusts(a)(k)
New York — 2.0%
New York City Housing Development Corp., RB, M/F Housing, Series D-1B, 4.25%, 11/01/45			9,000				7,601,655
Total Municipal Bonds Transferred to Tender Option Bond Trusts — 2.0% (Cost: $9,000,605)							7,601,655
Total Long-Term Investments — 131.0% (Cost: $596,192,431)							506,447,424
		Shares
Short-Term Securities
Money Market Funds — 13.1%
BlackRock Liquidity Funds, MuniCash, Institutional Class, 3.82%(l)(m)			50,621,212				50,621,212
Total Short-Term Securities — 13.1% (Cost: $50,614,985)							50,621,212
Total Investments — 144.1% (Cost: $646,807,416)							557,068,636
Other Assets Less Liabilities — 2.4%						8,919,181
Liability for TOB Trust Certificates, Including Interest Expense and Fees Payable — (1.2)%							(4,542,000	)
VRDP Shares at Liquidation Value, Net of Deferred Offering Costs — (45.3)%							(174,935,898	)
Net Assets Applicable to Common Shares — 100.0%						$	386,509,919

 

 

(a)	Variable rate security. Interest rate resets periodically. The rate shown is the effective interest rate as of period end. Security description also includes the reference rate and spread if published and available.

(b)	Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors.

(c)	Zero-coupon bond.

(d)	Step coupon security. Coupon rate will either increase (step-up bond) or decrease (step-down bond) at regular intervals until maturity. Interest rate shown reflects the rate currently in effect.

(e)	Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.

(f)	Issuer filed for bankruptcy and/or is in default.

(g)	Non-income producing security.

(h)	When-issued security.

(i)	U.S. 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.

(j)	Rounds to less than 1,000.

(k)	Represent bonds transferred to a TOB Trust in exchange of cash and residual certificates received by the Fund. These bonds serve as collateral in a secured borrowing.

(l)	Affiliate of the Fund.

(m)	Annualized 7-day yield as of period end.

 

For Fund compliance purposes, the Fund’s sector classifications refer to one or more of the sector sub-classifications used by one or more widely recognized market indexes or rating group indexes, and/or as defined by the investment adviser. These definitions may not apply for purposes of this report, which may combine such sector sub-classifications for reporting ease.

 

 

S C H E D U L E   O F   I N V E S T M E N T S		8

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Schedule of Investments (unaudited) (continued) October 31, 2023		BlackRock MuniAssets Fund, Inc. (MUA)

 

Affiliates

Investments in issuers considered to be affiliate(s) of the Fund during the period ended October 31, 2023 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

 

Affiliated Issuer		Value at 07/31/23				Purchases at Cost				Proceeds from Sales				Net Realized Gain (Loss)				Change in Unrealized Appreciation (Depreciation)				Value at 10/31/23				Shares Held at 10/31/23				Income				Capital Gain Distributions from Underlying Funds
BlackRock Liquidity Funds, MuniCash, Institutional Class.		$	73,862,164			$	—			$	(23,241,772	)(a)		$	1,271			$	(451	)		$	50,621,212				50,621,212			$	493,758			$	—

 

(a)

Represents net amount purchased (sold).

Fair Value Hierarchy as of Period End

Various inputs are used in determining the fair value of financial instruments. These inputs to valuation techniques are categorized into a fair value hierarchy consisting of three broad levels for financial reporting purposes as follows:

 

•

Level 1 – Unadjusted price quotations in active markets/exchanges for identical assets or liabilities that the Fund has the ability to access;

 

•

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); and

 

•

Level 3 – Unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available (including the Valuation Committee’s assumptions used in determining the fair value of financial instruments).

The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the fair value hierarchy classification is determined based on the lowest level input that is significant to the fair value measurement in its entirety. Investments classified within Level 3 have significant unobservable inputs used by the Valuation Committee in determining the price for Fair Valued Investments. Level 3 investments include equity or debt issued by privately held companies or funds. There may not be a secondary market, and/or there are a limited number of investors. The categorization of a value determined for financial instruments is based on the pricing transparency of the financial instruments and is not necessarily an indication of the risks associated with investing in those securities. For information about the Fund’s policy regarding valuation of financial instruments, refer to its most recent financial statements.

The following table summarizes the Fund’s financial instruments categorized in the fair value hierarchy. The breakdown of the Fund’s financial instruments into major categories is disclosed in the Schedule of Investments above.

 

		Level 1				Level 2				Level 3				Total
Assets
Investments
Long-Term Investments
Corporate Bonds		$	—			$	2,163,336			$	—			$	2,163,336
Municipal Bonds			—				495,551,263				1,131,170				496,682,433
Municipal Bonds Transferred to Tender Option Bond Trusts			—				7,601,655				—				7,601,655
Short-Term Securities
Money Market Funds			50,621,212				—				—				50,621,212
Unfunded Commitments(a)			—				—				2,058,061				2,058,061
		$	50,621,212			$	505,316,254			$	3,189,231			$	559,126,697

 

(a)

Unfunded commitments are valued at the unrealized appreciation (depreciation) on the commitment.

The Fund may hold assets and/or liabilities in which the fair value approximates the carrying amount for financial reporting purposes. As of period end, such assets and/or liabilities are categorized within the fair value hierarchy as follows:

 

		Level 1				Level 2				Level 3				Total
Liabilities
TOB Trust Certificates		$	—			$	(4,500,000	)		$	—			$	(4,500,000	)
VRDP Shares at Liquidation Value			—				(175,000,000	)			—				(175,000,000	)
		$	—			$	(179,500,000	)		$	—			$	(179,500,000	)

 

 

9

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Schedule of Investments (unaudited) (continued) October 31, 2023		BlackRock MuniAssets Fund, Inc. (MUA)

 

Portfolio Abbreviation
AGM		Assured Guaranty Municipal Corp.
AGM-CR		AGM Insured Custodial Receipt
AMT		Alternative Minimum Tax
ARB		Airport Revenue Bonds
BAB		Build America Bond
BAM-TCRS		Build America Mutual Assurance Co.- Transferable Custodial Receipts
CAB		Capital Appreciation Bonds
CR		Custodian Receipt
GO		General Obligation Bonds
M/F		Multi-Family
RB		Revenue Bond
S/F		Single-Family
SAB		Special Assessment Bonds
SAN		State Aid Notes
SONYMA		State of New York Mortgage Agency
ST		Special Tax
TA		Tax Allocation

 

 

S C H E D U L E   O F   I N V E S T M E N T S		10

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