October 31, 2024 
2024 Quarterly Report
(Unaudited)
 
BlackRock Municipal 2030 Target Term Trust (BTT)
 
Not FDIC Insured • May Lose Value • No Bank Guarantee
Schedule of Investments (unaudited)
October 31, 2024
BlackRock Municipal 2030 Target Term Trust (BTT)
(Percentages shown are based on Net Assets)

 
Security
 
Par
(000)
Value
Municipal Bonds
Alabama — 7.7%
Alabama Economic Settlement Authority, RB, Series A,
4.00%, 09/15/33
$
5,000
$ 5,010,789
Alabama Public School and College Authority,
Refunding RB, Series A, Sustainability Bonds,
5.00%, 11/01/30
 
11,900
13,266,798
Alabama Special Care Facilities Financing Authority-
Birmingham Alabama, Refunding RB, 5.00%,
06/01/30
 
10,000
10,070,386
Birmingham-Jefferson Civic Center Authority, ST
 
Series A, 5.00%, 07/01/31
 
1,100
1,171,054
Series A, 5.00%, 07/01/32
 
1,150
1,223,013
Series A, 5.00%, 07/01/33
 
1,600
1,698,316
Black Belt Energy Gas District, RB(a)
 
4.00%, 10/01/52
 
12,025
12,074,512
Series A, 5.25%, 01/01/54
 
10,000
10,674,265
Black Belt Energy Gas District, Refunding RB, 4.00%,
06/01/51(a)
 
8,930
9,016,688
County of Jefferson Alabama Sewer Revenue,
Refunding RB
 
5.00%, 10/01/26
 
935
963,042
5.00%, 10/01/30
 
2,500
2,701,536
Energy Southeast A Cooperative District, RB, Series B,
5.25%, 07/01/54(a)
 
3,095
3,335,371
Homewood Educational Building Authority, Refunding
RB
 
5.00%, 12/01/33
 
1,010
1,024,491
5.00%, 12/01/34
 
1,380
1,397,280
Hoover Industrial Development Board, RB, AMT,
Sustainability Bonds, 6.38%, 11/01/50(a)
 
1,965
2,174,801
Orange Beach Water Sewer & Fire
Protection Authority, RB, 4.00%, 05/15/30
 
510
527,694
Southeast Energy Authority A Cooperative District,
RB(a)
 
Series A-2, 5.65%, 01/01/53
 
30,265
30,826,301
Series B-1, 5.00%, 05/01/53
 
9,375
9,778,019
University of South Alabama, Refunding RB
 
(AGM), 5.00%, 11/01/29
 
1,105
1,141,042
(AGM), 5.00%, 11/01/30
 
2,000
2,063,902
 
 
120,139,300
Arizona — 1.9%
Arizona Health Facilities Authority, Refunding RB,
Series B, 5.00%, 02/01/33
 
1,810
1,811,538
Arizona Industrial Development Authority, RB(b)
 
4.00%, 07/01/29
 
530
513,244
4.50%, 07/01/29
 
690
686,175
Series A, 4.00%, 07/01/29
 
3,660
3,563,719
Sustainability Bonds, 4.00%, 07/01/30
 
485
471,214
Arizona Sports & Tourism Authority, Refunding RB,
Senior Lien, (BAM), 5.00%, 07/01/30
 
7,000
7,693,567
Chandler Industrial Development Authority, RB, AMT,
4.10%, 12/01/37(a)
 
3,570
3,590,281
Maricopa County Industrial Development Authority,
Refunding RB
 
4.00%, 07/01/29(b)
 
855
852,974
5.00%, 01/01/31
 
10,000
10,393,079
 
 
29,575,791
Security
 
Par
(000)
Value
California — 12.1%
Alameda Corridor Transportation Authority, Refunding
RB, Series A, Sub Lien, (AMBAC), 0.00%,
10/01/30(c)
$
10,530
$ 8,354,323
Bay Area Toll Authority, RB, Class A, 4.49%,
04/01/36(a)
 
3,000
3,026,344
Bay Area Toll Authority, Refunding RB, Series E,
3.65%, 04/01/56(a)
 
3,250
3,213,611
California Community Choice Financing Authority, RB(a)
 
Sustainability Bonds, 5.18%, 12/01/53
 
6,750
6,890,440
Sustainability Bonds, 5.50%, 10/01/54
 
2,485
2,728,035
Series A, Sustainability Bonds, 4.00%, 10/01/52
 
8,650
8,753,930
Series E-2, Sustainability Bonds, 4.90%, 02/01/54
 
9,780
9,761,308
Series G, Sustainability Bonds, 5.25%, 11/01/54
 
1,785
1,912,281
California Health Facilities Financing Authority, RB
 
Series A, 5.00%, 11/15/32
 
1,600
1,693,359
Series A, 5.00%, 11/15/33
 
1,855
1,960,155
California Housing Finance Agency, RB, M/F Housing,
Series 2021-1, Class A, 3.50%, 11/20/35
 
3,550
3,403,851
California Municipal Finance Authority, ARB, AMT,
Senior Lien, 5.00%, 12/31/33
 
4,000
4,114,152
California Municipal Finance Authority, RB, Series A,
AMT, 4.00%, 07/15/29
 
1,000
994,276
California Municipal Finance Authority, Refunding RB
 
Series A, 5.00%, 07/01/30
 
1,200
1,222,904
Series A, 5.00%, 07/01/31
 
1,050
1,068,530
California Pollution Control Financing Authority, RB,
Series A, AMT, 4.25%, 11/01/38(a)
 
8,350
8,492,790
California School Finance Authority, RB(b)
 
5.00%, 06/01/30
 
565
528,722
Series A, 5.00%, 06/01/29
 
260
262,111
Series A, 4.00%, 06/01/31
 
240
225,229
Series A, 5.00%, 06/01/32
 
1,055
1,058,736
City of Long Beach California Harbor Revenue, ARB
 
Series A, AMT, 5.00%, 05/15/31
 
1,200
1,241,635
Series A, AMT, 5.00%, 05/15/32
 
1,800
1,859,366
Series A, AMT, 5.00%, 05/15/33
 
675
695,831
Series A, AMT, 5.00%, 05/15/34
 
1,650
1,693,878
City of Los Angeles California, RB, 5.00%, 06/26/25
 
3,700
3,745,993
City of Los Angeles Department of Airports, ARB, AMT,
Sustainability Bonds, 5.00%, 05/15/30
 
18,250
19,811,217
Compton Unified School District, GO, CAB(c)
 
Series B, (BAM), 0.00%, 06/01/33
 
1,000
703,177
Series B, (BAM), 0.00%, 06/01/34
 
1,125
755,563
Series B, (BAM), 0.00%, 06/01/35
 
1,000
641,628
Series B, (BAM), 0.00%, 06/01/36
 
1,000
611,608
El Camino Community College District Fountation, GO,
CAB(c)
 
Series C, Election 2002, 0.00%, 08/01/30
 
9,090
7,715,939
Series C, Election 2002, 0.00%, 08/01/31
 
12,465
10,150,513
Series C, Election 2002, 0.00%, 08/01/32
 
17,435
13,742,864
Los Angeles Unified School District, GO
 
Series A, Election 2008, 4.00%, 07/01/33
 
3,000
3,011,719
Series A, Election 2008, 4.00%, 07/01/35
 
5,000
5,029,722
Monterey Peninsula Community College District,
Refunding GO, CAB(c)
 
0.00%, 08/01/30
 
3,500
2,785,696
0.00%, 08/01/31
 
5,940
4,518,637
M-S-R Energy Authority, RB, Series C, 6.13%,
11/01/29
 
1,855
1,996,125
Norman Y Mineta San Jose International Airport SJC,
Refunding RB
 
Series A, AMT, 5.00%, 03/01/30
 
500
518,008
1
Schedule of Investments (unaudited)(continued)
October 31, 2024
BlackRock Municipal 2030 Target Term Trust (BTT)
(Percentages shown are based on Net Assets)
Security
 
Par
(000)
Value
California (continued)
Norman Y Mineta San Jose International Airport SJC,
Refunding RB (continued)
 
Series A, AMT, 5.00%, 03/01/31
$
1,500
$ 1,552,343
Series A, AMT, 5.00%, 03/01/32
 
1,000
1,032,659
Series A, AMT, 5.00%, 03/01/33
 
975
1,007,731
Series A, AMT, 5.00%, 03/01/34
 
1,250
1,288,729
Series A, AMT, 5.00%, 03/01/35
 
2,000
2,055,245
Poway Unified School District, GO(c)
 
Series 1-A, Election 2008, 0.00%, 08/01/30
 
10,000
8,474,637
Series 1-A, Election 2008, 0.00%, 08/01/32
 
12,500
9,680,326
San Diego County Regional Airport Authority, ARB,
Sub-Series B, AMT, 5.00%, 07/01/33
 
1,000
1,033,008
San Rafael City Elementary School District, GO,
Series C, Election 2002, (NPFGC), 0.00%,
08/01/30(c)
 
6,350
5,380,700
Washington Township Health Care District, Refunding
RB, Series B, 3.00%, 07/01/28
 
750
721,061
Wiseburn School District, GO, Series A, Election 2007,
(NPFGC), 0.00%, 08/01/30(c)
 
7,505
6,360,215
 
 
189,480,860
Colorado — 4.9%
City & County of Denver Colorado Airport System
Revenue, Refunding ARB
 
Series A, AMT, 5.00%, 12/01/30
 
12,780
13,734,784
Series A, AMT, 5.00%, 12/01/33
 
25,000
25,958,529
City & County of Denver Colorado Pledged Excise Tax
Revenue, RB, CAB, Series A-2, 0.00%, 08/01/30(c)
 
1,000
795,551
City & County of Denver Colorado, Refunding RB,
AMT, 5.00%, 10/01/32
 
2,500
2,500,955
Colorado Educational & Cultural Facilities Authority,
Refunding RB, 4.00%, 12/01/30(b)
 
1,015
965,481
Colorado Health Facilities Authority, RB
 
5.00%, 11/01/30
 
1,000
1,087,132
Series B, 2.63%, 05/15/29
 
2,100
2,027,524
Series D, 3.79%, 05/15/61(a)
 
7,000
7,002,239
Colorado Health Facilities Authority, Refunding RB,
Series A, 4.00%, 08/01/37
 
3,000
2,967,694
E-470 Public Highway Authority, Refunding RB,
Series B, 3.98%, 09/01/39(a)
 
3,160
3,142,163
Park Creek Metropolitan District, Refunding RB
 
Series A, 5.00%, 12/01/27
 
1,500
1,521,565
Series A, 5.00%, 12/01/28
 
1,500
1,521,464
Series A, 5.00%, 12/01/30
 
1,350
1,368,778
Series A, 5.00%, 12/01/31
 
1,500
1,520,729
Plaza Metropolitan District No. 1, Refunding TA(b)
 
4.10%, 12/01/24
 
5,080
5,076,552
4.20%, 12/01/25
 
5,280
5,264,397
 
 
76,455,537
Connecticut — 0.7%
Capital Region Development Authority, Refunding RB,
(SAP), 5.00%, 06/15/31
 
1,125
1,195,245
Connecticut State Health & Educational Facilities
Authority, RB, Series A, 5.00%, 01/01/30(b)
 
370
365,474
Connecticut State Health & Educational Facilities
Authority, Refunding RB
 
Series G-1, 5.00%, 07/01/27(b)
 
225
225,744
Series G-1, 5.00%, 07/01/28(b)
 
300
300,906
Series G-1, 5.00%, 07/01/29(b)
 
300
300,207
Series G-1, 5.00%, 07/01/30(b)
 
300
299,191
Series G-1, 5.00%, 07/01/32(b)
 
425
421,593
Security
 
Par
(000)
Value
Connecticut (continued)
Connecticut State Health & Educational Facilities
Authority, Refunding RB (continued)
 
Series G-1, 5.00%, 07/01/34(b)
$
355
$ 350,268
Series I-1, 5.00%, 07/01/35
 
400
412,763
State of Connecticut, GO, Series A, 5.00%, 04/15/33
 
7,000
7,435,066
 
 
11,306,457
Delaware — 0.8%
County of Kent Delaware, RB
 
Series A, 5.00%, 07/01/25
 
805
810,352
Series A, 5.00%, 07/01/26
 
850
863,719
Series A, 5.00%, 07/01/27
 
890
911,614
Series A, 5.00%, 07/01/28
 
935
960,365
Delaware State Economic Development Authority,
Refunding RB(a)
 
Series A, 1.25%, 10/01/45
 
6,035
5,849,426
Series B, 1.25%, 10/01/40
 
500
486,005
Delaware State Health Facilities Authority, RB, 4.00%,
06/01/35
 
1,250
1,192,838
Delaware Transportation Authority, Refunding RB,
5.00%, 09/01/30
 
2,000
2,210,780
 
 
13,285,099
District of Columbia — 0.8%
Metropolitan Washington Airports Authority Aviation
Revenue, Refunding ARB, Series A, AMT, 5.00%,
10/01/30
 
12,325
13,273,362
Florida — 7.1%
Capital Projects Finance Authority, RB, Series A-1,
5.00%, 10/01/30
 
1,000
1,040,100
Capital Trust Agency, Inc., RB(b)
 
Series A, 4.00%, 06/15/29
 
1,320
1,277,334
Series A-1, 3.38%, 07/01/31
 
1,730
1,641,506
City of Lakeland Florida, Refunding RB, 5.00%,
11/15/30
 
3,750
3,864,254
County of Miami-Dade Florida Aviation Revenue,
Refunding RB, Series A, AMT, 5.00%, 10/01/30
 
4,285
4,562,678
County of Miami-Dade Florida Water & Sewer System
Revenue, RB, 5.00%, 10/01/27
 
5,000
5,250,631
County of Miami-Dade Florida, Refunding RB,
Series B, 4.00%, 04/01/32
 
6,690
6,752,454
County of St. Johns Florida Water & Sewer Revenue,
Refunding RB, CAB(c)
 
Series B, 0.00%, 06/01/30
 
2,000
1,678,430
Series B, 0.00%, 06/01/31
 
1,295
1,046,592
Series B, 0.00%, 06/01/32
 
2,495
1,935,936
Double Branch Community Development District,
Refunding SAB, Series A-1, Senior Lien, 4.13%,
05/01/31
 
1,200
1,200,158
Florida Development Finance Corp., RB, AMT, 3.00%,
06/01/32
 
2,665
2,356,154
Florida Development Finance Corp., Refunding RB
 
4.00%, 06/01/25(b)
 
100
99,800
4.00%, 06/01/26(b)
 
110
109,385
4.00%, 09/15/30(b)
 
470
449,141
AMT, 5.00%, 07/01/34
 
2,500
2,565,799
AMT, (AGM), 5.00%, 07/01/44
 
4,685
4,843,323
Hillsborough County Aviation Authority, ARB
 
AMT, 5.00%, 10/01/30
 
2,325
2,487,998
Class B, AMT, 5.00%, 10/01/30
 
9,145
9,795,937
Schedule of Investments
2
Schedule of Investments (unaudited)(continued)
October 31, 2024
BlackRock Municipal 2030 Target Term Trust (BTT)
(Percentages shown are based on Net Assets)
Security
 
Par
(000)
Value
Florida (continued)
Lakewood Ranch Stewardship District, Refunding SAB,
3.20%, 05/01/30(b)
$
540
$ 519,782
Lakewood Ranch Stewardship District, SAB, 5.40%,
05/01/28
 
990
1,006,216
Lakewood Ranch Stewardship District, SAB, S/F
Housing, 3.40%, 05/01/30
 
375
362,883
Lee County Industrial Development Authority, RB,
Series B-3, 4.13%, 11/15/29
 
3,415
3,391,250
LT Ranch Community Development District, SAB,
3.40%, 05/01/30
 
985
945,692
Miami Beach Health Facilities Authority, Refunding RB,
5.00%, 11/15/30
 
1,000
1,000,824
Orange County Convention Center/Orlando, Refunding
RB, 5.00%, 10/01/30
 
11,470
12,718,136
Palm Beach County Health Facilities Authority,
Refunding RB, 5.00%, 11/15/32
 
19,820
20,244,878
Sarasota National Community Development District,
Refunding SAB, 3.50%, 05/01/31
 
1,000
944,531
School Board of Miami-Dade County, Refunding COP,
Series A, 5.00%, 05/01/32
 
9,000
9,190,019
St Johns County Industrial Development Authority,
Refunding RB
 
4.00%, 12/15/25
 
180
179,213
4.00%, 12/15/28
 
200
196,238
4.00%, 12/15/29
 
215
209,324
4.00%, 12/15/30
 
195
188,275
4.00%, 12/15/31
 
205
196,435
Tolomato Community Development District, Refunding
SAB, Sub-Series A-2, 3.85%, 05/01/29
 
520
510,847
Village Community Development District No. 15, SAB,
4.25%, 05/01/28(b)
 
725
732,774
Village Community Development District No. 5,
Refunding SAB
 
3.50%, 05/01/28
 
3,635
3,616,314
4.00%, 05/01/33
 
845
845,039
4.00%, 05/01/34
 
1,905
1,905,091
 
 
111,861,371
Georgia — 6.7%
City of Atlanta Georgia Department of Aviation,
Refunding ARB, Series B, AMT, 5.00%, 07/01/29
 
4,150
4,417,674
DeKalb County Housing Authority, RB, M/F Housing,
Series A, 4.00%, 12/01/33
 
6,870
6,829,209
Georgia Ports Authority, ARB, 5.00%, 07/01/30
 
1,175
1,306,673
Main Street Natural Gas, Inc., RB
 
Series A, 5.00%, 05/15/29
 
1,250
1,312,245
Series A, 5.00%, 05/15/30
 
8,000
8,373,434
Series A, 4.00%, 07/01/52(a)
 
3,500
3,549,721
Series A, 4.00%, 09/01/52(a)
 
15,000
15,086,759
Series A, 5.00%, 06/01/53(a)
 
11,185
11,827,379
Series B, 5.00%, 12/01/52(a)
 
20,190
21,289,695
Series C, 4.00%, 05/01/52(a)
 
5,360
5,385,121
Main Street Natural Gas, Inc., Refunding RB,
Series E-1, 5.00%, 12/01/53(a)
 
9,865
10,482,257
Municipal Electric Authority of Georgia, RB, Series A,
5.00%, 01/01/34
 
8,000
8,387,045
Municipal Electric Authority of Georgia, Refunding RB
 
5.00%, 01/01/29
 
2,000
2,145,034
5.00%, 01/01/30
 
1,905
2,067,690
Security
 
Par
(000)
Value
Georgia (continued)
Municipal Electric Authority of Georgia, Refunding
RB (continued)
 
Series A-R, Subordinate, 5.00%, 01/01/29
$
1,200
$ 1,287,020
Series A-R, Subordinate, 5.00%, 01/01/30
 
1,250
1,356,752
 
 
105,103,708
Guam — 0.2%
Territory of Guam, Refunding RB
 
Series A, 5.00%, 11/01/30
 
500
526,825
Series F, 5.00%, 01/01/30
 
1,160
1,231,238
Series F, 5.00%, 01/01/31
 
1,250
1,334,006
 
 
3,092,069
Idaho — 0.0%
Idaho Housing & Finance Association, RB, Series A,
4.63%, 07/01/29(b)
 
135
134,129
Illinois — 8.7%
Chicago Board of Education, Refunding GO, Series C,
5.00%, 12/01/30
 
7,025
7,164,505
Chicago Housing Authority, RB, M/F Housing
 
Series A, 5.00%, 01/01/33
 
3,000
3,124,250
Series A, 5.00%, 01/01/35
 
1,500
1,559,431
Chicago O’Hare International Airport, Refunding RB
 
Series B, AMT, 4.00%, 01/01/27
 
5,000
4,999,788
Series B, AMT, 5.00%, 01/01/31
 
2,250
2,251,046
Series B, Senior Lien, 5.00%, 01/01/33
 
6,000
6,198,360
Chicago Transit Authority Capital Grant Receipts
Revenue, Refunding RB, 5.00%, 06/01/26
 
3,000
3,081,500
City of Chicago Illinois, Refunding GO, Series B,
4.00%, 01/01/30
 
1,053
1,067,718
Illinois Finance Authority, Refunding RB
 
Series A, 4.00%, 11/01/24
 
425
425,000
Series A, 5.00%, 11/01/26
 
460
344,728
Series A, 5.00%, 11/01/28
 
1,745
1,220,205
Series A, 5.00%, 11/01/29
 
1,840
1,275,263
Series A, 5.00%, 10/01/30
 
1,000
1,036,794
Series A, 5.00%, 11/01/30
 
1,935
1,340,541
Series A, 5.00%, 11/15/31
 
8,415
8,465,390
Series A, 4.00%, 10/01/32
 
1,000
1,013,050
Series A, 5.00%, 11/15/32
 
2,075
2,088,015
Series A, 4.00%, 02/01/33
 
12,850
12,853,779
Series A, 5.00%, 11/15/33
 
2,125
2,137,506
Series B, 5.00%, 08/15/30
 
3,205
3,309,929
Series B, 3.94%, 05/01/42(a)
 
1,750
1,751,846
Series C, 5.00%, 02/15/30
 
12,000
12,418,758
Illinois Municipal Electric Agency, Refunding RB
 
Series A, 5.00%, 02/01/31
 
3,000
3,030,516
Series A, 5.00%, 02/01/32
 
1,500
1,515,548
Illinois Sports Facilities Authority, RB, (AMBAC),
0.00%, 06/15/26(c)
 
2,345
2,208,511
Illinois State Toll Highway Authority, Refunding RB,
Series A, 4.00%, 12/01/31
 
20,000
20,121,413
Kane McHenry Cook & De Kalb Counties Unit School
District No. 300, Refunding GO, Series A, 5.00%,
01/01/30
 
6,350
6,582,916
Metropolitan Pier & Exposition Authority, Refunding RB
 
5.00%, 12/15/28
 
1,200
1,262,944
5.00%, 12/15/30
 
1,385
1,453,180
Sales Tax Securitization Corp., Refunding RB,
Series A, 2nd Lien, 5.00%, 01/01/30
 
10,000
10,883,899
3
Schedule of Investments (unaudited)(continued)
October 31, 2024
BlackRock Municipal 2030 Target Term Trust (BTT)
(Percentages shown are based on Net Assets)
Security
 
Par
(000)
Value
Illinois (continued)
State of Illinois, GO
 
Series A, 5.00%, 12/01/28
$
7,450
$ 7,802,183
Series A, 5.00%, 03/01/32
 
1,500
1,626,994
Upper Illinois River Valley Development Authority,
Refunding RB, 4.00%, 01/01/31(b)
 
260
251,812
 
 
135,867,318
Indiana — 0.6%
Indiana Finance Authority, Refunding RB
 
Series A, 4.13%, 12/01/26
 
3,665
3,668,356
Series A, 5.00%, 09/15/29
 
1,165
1,212,289
Series A, 5.00%, 09/15/30
 
1,220
1,274,008
Series B, 3.54%, 03/01/39(a)
 
965
959,359
Northern Indiana Commuter Transportation District, RB
 
5.00%, 07/01/32
 
1,000
1,027,472
5.00%, 07/01/33
 
1,400
1,437,589
 
 
9,579,073
Iowa — 1.6%
PEFA, Inc., RB, 5.00%, 09/01/49(a)
 
23,930
24,379,111
Kansas — 0.1%
City of Manhattan Kansas, Refunding RB, Series A,
4.00%, 06/01/26
 
315
313,104
City of Shawnee Kansas, RB, 4.00%, 08/01/31(b)
 
500
481,197
Wyandotte County-Kansas City Unified Government
Utility System Revenue, RB, Series A, 5.00%,
09/01/33
 
1,370
1,386,779
 
 
2,181,080
Kentucky — 0.9%
Kentucky Public Energy Authority, RB, Series A-1,
4.00%, 08/01/52(a)
 
4,225
4,239,410
Kentucky Public Transportation Infrastructure Authority,
RB, CAB
 
0.00%, 07/01/30(c)
 
1,230
931,673
Convertible, 6.40%, 07/01/33(d)
 
1,500
1,748,268
Louisville/Jefferson County Metropolitan Government,
Refunding RB, Series A, 5.00%, 10/01/32
 
7,300
7,481,322
 
 
14,400,673
Louisiana — 1.3%
City of Ruston Louisiana Sales Tax Revenue, RB
 
(AGM), 5.00%, 06/01/29
 
1,060
1,088,928
(AGM), 5.00%, 06/01/30
 
1,000
1,026,644
(AGM), 5.00%, 06/01/31
 
1,020
1,046,453
(AGM), 5.00%, 06/01/32
 
1,225
1,255,901
Louisiana Local Government Environmental Facilities &
Community Development Authority, RB, 5.00%,
08/15/30
 
4,700
4,875,932
Louisiana Local Government Environmental Facilities &
Community Development Authority, Refunding RB,
Series A, 2.00%, 06/01/30
 
1,250
1,130,935
Louisiana Public Facilities Authority, RB(b)
 
Series A, 5.00%, 06/01/29
 
585
590,013
Series A, 5.00%, 04/01/30
 
460
448,162
Series A, 5.00%, 06/01/31
 
500
485,970
Louisiana Public Facilities Authority, Refunding RB
 
5.00%, 05/15/29
 
1,235
1,262,633
5.00%, 05/15/30
 
990
1,011,515
3.00%, 05/15/31
 
2,225
2,102,780
Security
 
Par
(000)
Value
Louisiana (continued)
Louisiana Public Facilities Authority, Refunding
RB (continued)
 
5.00%, 05/15/32
$
1,485
$ 1,515,136
5.00%, 05/15/33
 
2,175
2,217,577
 
 
20,058,579
Maine — 0.2%
City of Portland Maine General Airport Revenue,
Refunding RB
 
Sustainability Bonds, 5.00%, 01/01/33
 
695
742,857
Sustainability Bonds, 5.00%, 01/01/34
 
305
325,020
Sustainability Bonds, 4.00%, 01/01/35
 
1,000
1,003,641
Maine Turnpike Authority, RB
 
5.00%, 07/01/29
 
300
327,417
5.00%, 07/01/30
 
275
303,937
 
 
2,702,872
Maryland — 1.8%
Anne Arundel County Consolidated Special Taxing
District, ST, 4.90%, 07/01/30
 
1,315
1,315,911
City of Baltimore Maryland, Refunding RB, Convertible,
5.00%, 09/01/31
 
1,250
1,254,121
County of Prince George’s Maryland, TA, 5.00%,
07/01/30(b)
 
585
597,757
Howard County Housing Commission, RB, M/F
Housing, 5.00%, 12/01/33
 
1,765
1,819,079
Maryland Health & Higher Educational Facilities
Authority, Refunding RB
 
5.00%, 07/01/29
 
2,200
2,218,253
5.00%, 07/01/31
 
2,400
2,453,149
5.00%, 07/01/32
 
500
520,715
5.00%, 07/01/33
 
2,585
2,643,533
5.00%, 07/01/34
 
775
804,995
Series A, 5.00%, 01/01/31
 
2,865
2,944,844
Series A, 5.00%, 01/01/32
 
3,010
3,091,787
Series A, 5.00%, 01/01/33
 
3,165
3,246,056
State of Maryland, GO, Series 1, 3.00%, 03/15/34
 
5,000
4,710,665
 
 
27,620,865
Massachusetts — 1.1%
Commonwealth of Massachusetts, GOL, Series I,
5.00%, 12/01/33
 
5,000
5,188,185
Massachusetts Bay Transportation Authority Sales Tax
Revenue, Refunding RB, CAB, Series A, 0.00%,
07/01/32(c)
 
4,000
3,041,380
Massachusetts Development Finance Agency, RB,
Series A, 5.00%, 01/01/33
 
1,070
1,079,300
Massachusetts Development Finance Agency,
Refunding RB
 
Series A, 5.00%, 01/01/32
 
2,020
2,054,581
Series A, 5.00%, 01/01/33
 
1,500
1,522,399
Series A, 5.00%, 01/01/34
 
2,085
2,112,528
Series A, 5.00%, 01/01/35
 
2,000
2,022,409
 
 
17,020,782
Michigan — 2.3%
City of Detroit Michigan, GO
 
5.00%, 04/01/26
 
735
751,026
5.00%, 04/01/27
 
580
602,483
5.00%, 04/01/28
 
665
700,168
5.00%, 04/01/29
 
665
695,985
5.00%, 04/01/30
 
510
532,831
5.00%, 04/01/31
 
735
766,831
Schedule of Investments
4
Schedule of Investments (unaudited)(continued)
October 31, 2024
BlackRock Municipal 2030 Target Term Trust (BTT)
(Percentages shown are based on Net Assets)
Security
 
Par
(000)
Value
Michigan (continued)
City of Detroit Michigan, GO (continued)
 
5.00%, 04/01/32
$
625
$ 650,788
5.00%, 04/01/33
 
830
861,837
Michigan Finance Authority, Refunding RB, 3.99%,
04/15/47(a)
 
16,595
16,497,352
Michigan State Housing Development Authority, RB,
M/F Housing, Series A, 0.55%, 04/01/25
 
420
412,309
Michigan Strategic Fund, RB
 
AMT, 5.00%, 06/30/30
 
1,325
1,379,286
AMT, 5.00%, 12/31/32
 
2,000
2,065,982
AMT, Sustainability Bonds, 4.00%, 10/01/61(a)
 
3,690
3,678,387
Michigan Strategic Fund, Refunding RB
 
5.00%, 11/15/29
 
1,260
1,299,112
5.00%, 11/15/34
 
1,410
1,433,278
Saginaw Valley State University, Refunding RB
 
Series A, 5.00%, 07/01/31
 
2,070
2,127,564
Series A, 5.00%, 07/01/32
 
1,430
1,468,588
State of Michigan Trunk Line Revenue, RB, 5.00%,
11/15/30
 
800
892,059
 
 
36,815,866
Minnesota — 0.5%
City of Spring Lake Park Minnesota, RB, 4.00%,
06/15/29
 
1,005
974,316
Minnesota Housing Finance Agency, RB, S/F Housing
 
Series L, AMT, Sustainability Bonds, (FHLMC,
FNMA, GNMA), 4.90%, 01/01/30
 
465
479,068
Series L, AMT, Sustainability Bonds, (FHLMC,
FNMA, GNMA), 4.95%, 07/01/30
 
490
505,270
Sartell-St Stephen Independent School District No.
748, GO, CAB(c)
 
Series B, 0.00%, 02/01/30
 
3,915
3,187,554
Series B, 0.00%, 02/01/31
 
2,190
1,702,111
Series B, 0.00%, 02/01/32
 
1,450
1,072,889
 
 
7,921,208
Mississippi — 1.3%
Mississippi Development Bank, Refunding RB
 
Series A, (AGM), 5.00%, 03/01/30
 
2,280
2,314,740
Series A, (AGM), 5.00%, 03/01/31
 
1,595
1,618,419
Series A, (AGM), 5.00%, 03/01/32
 
2,000
2,028,053
Series A, (AGM), 5.00%, 03/01/33
 
1,275
1,292,048
State of Mississippi Gaming Tax Revenue, RB,
Series E, 5.00%, 10/15/33
 
12,225
12,375,337
 
 
19,628,597
Missouri — 0.5%
Health & Educational Facilities Authority of the State of
Missouri, Refunding RB
 
5.00%, 05/15/31
 
1,175
1,203,770
4.00%, 05/15/32
 
1,680
1,696,532
4.00%, 05/15/33
 
2,000
2,017,650
Series A, 5.00%, 02/01/30
 
485
507,963
Series A, 4.00%, 11/15/33
 
2,010
2,010,441
Industrial Development Authority of the City of St. Louis
Missouri, Refunding RB, Series A, 3.88%, 11/15/29
 
730
677,240
St Louis Land Clearance for Redevelopment Authority,
Refunding RB, 3.88%, 10/01/35
 
345
313,019
 
 
8,426,615
Security
 
Par
(000)
Value
Montana — 0.6%
City of Forsyth Montana, Refunding RB, Series A,
3.90%, 03/01/31(a)
$
10,050
$ 9,905,738
Nebraska — 0.0%
Elkhorn School District, GO
 
4.00%, 12/15/32
 
325
334,069
4.00%, 12/15/33
 
375
384,544
 
 
718,613
Nevada — 0.4%
County of Clark Nevada, Refunding GOL, Series B,
4.00%, 11/01/34
 
5,000
5,008,056
State of Nevada Department of Business & Industry,
RB
 
Series A, 5.00%, 07/15/27
 
220
221,002
Series A, 4.50%, 12/15/29(b)
 
430
430,056
 
 
5,659,114
New Hampshire — 0.1%
New Hampshire Business Finance Authority, Refunding
RB
 
4.00%, 01/01/28
 
285
283,557
4.00%, 01/01/29
 
300
296,303
4.00%, 01/01/30
 
280
274,085
 
 
853,945
New Jersey — 14.7%
Atlantic City Board of Education, Refunding GO
 
(AGM), 4.00%, 04/01/30
 
170
173,722
(AGM), 4.00%, 04/01/31
 
175
178,168
Industrial Pollution Control Financing Authority of
Gloucester County, Refunding RB, Series A, AMT,
5.00%, 12/01/24(e)
 
170
170,106
New Jersey Economic Development Authority, ARB
 
5.25%, 09/15/29
 
5,575
5,577,051
Series A, AMT, 5.63%, 11/15/30
 
1,740
1,746,991
Series B, AMT, 5.63%, 11/15/30
 
1,315
1,319,216
New Jersey Economic Development Authority, RB
 
Series A, 4.00%, 06/15/29(b)
 
435
426,104
Series A, 4.00%, 07/01/29
 
285
283,483
Series A, 5.00%, 06/15/32
 
4,500
4,713,565
Series C, 5.00%, 06/15/32
 
3,600
3,770,852
AMT, 5.00%, 01/01/28
 
4,705
4,708,654
Series QQQ, Sustainability Bonds, 5.00%, 06/15/30
 
600
654,866
New Jersey Economic Development Authority,
Refunding RB
 
(AGM), 5.00%, 06/01/28
 
1,000
1,038,813
5.00%, 01/01/29
 
1,945
1,995,099
(AGM), 5.00%, 06/01/30
 
1,500
1,555,433
(AGM), 5.00%, 06/01/31
 
1,750
1,812,435
(AGM), 4.00%, 06/01/32
 
2,125
2,118,732
Series MMM, 4.00%, 06/15/35
 
5,000
5,041,851
Sub-Series A, 4.00%, 07/01/32
 
9,855
9,875,015
Series A, AMT, 2.20%, 10/01/39(a)
 
4,000
3,536,705
New Jersey Economic Development Authority,
Refunding SAB, 5.75%, 04/01/31
 
5,000
5,150,978
New Jersey Educational Facilities Authority, RB,
Series A, 4.00%, 09/01/30
 
5,860
5,860,634
New Jersey Health Care Facilities Financing Authority,
Refunding RB
 
5.00%, 07/01/28
 
1,500
1,528,017
5
Schedule of Investments (unaudited)(continued)
October 31, 2024
BlackRock Municipal 2030 Target Term Trust (BTT)
(Percentages shown are based on Net Assets)
Security
 
Par
(000)
Value
New Jersey (continued)
New Jersey Health Care Facilities Financing Authority,
Refunding RB (continued)
 
5.00%, 07/01/29
$
4,150
$ 4,254,511
5.00%, 07/01/30
 
3,500
3,585,445
Series A, 5.00%, 07/01/30
 
11,245
11,554,181
New Jersey Higher Education Student Assistance
Authority, RB
 
Series 1A, AMT, 5.00%, 12/01/25
 
5,500
5,571,432
Series 1A, AMT, 5.00%, 12/01/26
 
2,250
2,273,764
Series A, AMT, 4.00%, 12/01/32
 
660
662,602
Series A, AMT, 4.00%, 12/01/33
 
535
536,418
Series A, AMT, 4.00%, 12/01/34
 
265
263,254
Series A, AMT, 4.00%, 12/01/35
 
265
261,408
Series B, AMT, 5.00%, 12/01/30
 
10,000
10,544,928
New Jersey Higher Education Student Assistance
Authority, Refunding RB, Series A, AMT, 5.00%,
12/01/30
 
1,875
1,977,374
New Jersey Housing & Mortgage Finance Agency,
Refunding RB, Series A, AMT, 3.80%, 10/01/32
 
10,165
9,957,766
New Jersey Institute of Technology, RB, Series A,
5.00%, 07/01/31
 
3,385
3,423,633
New Jersey Transportation Trust Fund Authority, RB
 
Series BB, 5.00%, 06/15/30
 
1,500
1,599,711
Series C, (NPFGC), 0.00%, 12/15/30(c)
 
35,000
28,298,213
Series C, 5.25%, 06/15/32
 
10,000
10,031,724
Series D, 5.00%, 06/15/32
 
5,000
5,013,377
New Jersey Transportation Trust Fund Authority,
Refunding RB, Series A, 5.00%, 06/15/30
 
6,600
6,758,077
New Jersey Turnpike Authority, RB, Series E, 5.00%,
01/01/34
 
1,260
1,263,486
Newark Housing Authority, Refunding RB, (NPFGC),
5.25%, 01/01/27
 
5,000
5,213,028
South Jersey Transportation Authority, Refunding RB,
Series A, 5.00%, 11/01/33
 
500
500,193
State of New Jersey, GO, Series A, 4.00%, 06/01/30
 
26,000
27,378,433
Tobacco Settlement Financing Corp., Refunding RB
 
Series A, 5.00%, 06/01/30
 
16,740
17,629,576
Series A, 5.00%, 06/01/32
 
8,270
8,691,792
 
 
230,480,816
New Mexico — 1.1%
City of Santa Fe New Mexico, RB, Series A, 5.00%,
05/15/34
 
480
489,611
City of Santa Fe New Mexico, Refunding RB, 5.00%,
05/15/32
 
1,000
1,000,412
New Mexico Educational Assistance Foundation, RB
 
Series A-1, AMT, (GTD), 3.75%, 09/01/31
 
100
99,711
Series A-1, AMT, (GTD), 3.88%, 04/01/34
 
20
19,865
Series A-2, AMT, (GTD), 3.80%, 11/01/32
 
100
99,327
Series A-2, AMT, (GTD), 3.80%, 09/01/33
 
100
98,892
New Mexico Municipal Energy Acquisition Authority,
Refunding RB, Series A, 5.00%, 11/01/39(a)
 
15,570
15,668,359
 
 
17,476,177
New York — 6.4%
Build NYC Resource Corp., Refunding RB, AMT,
4.50%, 01/01/25(b)
 
100
99,970
Genesee County Funding Corp., Refunding RB,
Series A, 5.00%, 12/01/30
 
500
523,772
Hempstead Town Local Development Corp., Refunding
RB
 
5.00%, 06/01/30
 
200
216,774
5.00%, 06/01/31
 
300
327,738
5.00%, 06/01/32
 
100
109,013
Security
 
Par
(000)
Value
New York (continued)
Metropolitan Transportation Authority Dedicated Tax
Fund, Refunding RB, CAB, Series A, 0.00%,
11/15/30(c)
$
13,000
$ 10,409,021
Metropolitan Transportation Authority, Refunding RB
 
2nd Sub Series, (AGM), 4.03%, 11/01/32(a)
 
2,875
2,878,135
Sub-Series C-1, Sustainability Bonds, 5.00%,
11/15/34
 
10,000
10,454,205
New York City Transitional Finance Authority Future
Tax Secured Revenue, RB, Sub-Series B-1, 5.00%,
08/01/30
 
4,980
5,233,346
New York State Dormitory Authority, Refunding RB,
Series A, 5.00%, 05/01/36
 
7,500
7,564,735
New York State Energy Research & Development
Authority, Refunding RB, Series D, 3.50%, 10/01/29
 
5,000
4,895,747
New York State Environmental Facilities Corp., RB,
AMT, 5.13%, 09/01/50(a)(b)
 
2,250
2,346,465
New York Transportation Development Corp., ARB
 
AMT, 5.00%, 01/01/30
 
2,590
2,669,492
AMT, 5.00%, 01/01/31
 
7,595
7,791,387
Series A, AMT, 4.00%, 07/01/32
 
5,500
5,284,399
Series A, AMT, 4.00%, 07/01/33
 
6,000
5,711,874
New York Transportation Development Corp., RB
 
AMT, 4.00%, 10/01/30
 
13,140
13,102,773
AMT, 4.00%, 10/31/34
 
350
331,750
New York Transportation Development Corp.,
Refunding ARB, AMT, 3.00%, 08/01/31
 
2,275
2,119,834
New York Transportation Development Corp.,
Refunding RB
 
Series A, AMT, 5.00%, 12/01/28
 
350
365,078
Series A, AMT, 5.00%, 12/01/29
 
235
245,774
Series A, AMT, 5.00%, 12/01/30
 
250
262,092
Series A, Class A, AMT, 5.00%, 12/01/24
 
2,770
2,771,052
Port Authority of New York & New Jersey, Refunding
ARB
 
Series 223, AMT, 5.00%, 07/15/30
 
3,730
4,008,685
Series 246, AMT, 5.00%, 09/01/30
 
10,000
10,705,773
 
 
100,428,884
North Carolina — 1.9%
City of Charlotte North Carolina, Refunding GO
 
Series A, 5.00%, 06/01/28
 
330
356,919
Series A, 5.00%, 06/01/29
 
350
385,054
Series A, 5.00%, 06/01/30
 
485
541,081
North Carolina Medical Care Commission, RB
 
4.00%, 09/01/33
 
355
343,106
4.00%, 09/01/34
 
185
177,856
Series A, 4.00%, 10/01/27
 
600
603,971
Series B-2, 3.75%, 10/01/28
 
425
416,207
North Carolina Medical Care Commission, Refunding
RB, 5.00%, 10/01/30
 
1,500
1,501,268
North Carolina Turnpike Authority, Refunding RB, CAB,
Series C, (SAP), 0.00%, 07/01/30(c)
 
550
425,764
University of North Carolina at Chapel Hill, Refunding
RB(a)
 
Series A, 3.88%, 12/01/34
 
7,000
6,976,841
Series A, 3.88%, 12/01/41
 
17,845
17,821,369
 
 
29,549,436
Ohio — 1.1%
Allen County Port Authority, Refunding RB, Series A,
4.00%, 12/01/31
 
460
452,759
Ohio Air Quality Development Authority, Refunding RB
 
3.25%, 09/01/29
 
4,450
4,386,461
4.00%, 09/01/30(a)
 
1,650
1,671,104
Schedule of Investments
6
Schedule of Investments (unaudited)(continued)
October 31, 2024
BlackRock Municipal 2030 Target Term Trust (BTT)
(Percentages shown are based on Net Assets)
Security
 
Par
(000)
Value
Ohio (continued)
Ohio Air Quality Development Authority, Refunding
RB (continued)
 
Series A, AMT, 4.25%, 11/01/39(a)
$
1,525
$ 1,545,193
Ohio State University, RB, Class A, Sustainability
Bonds, 5.00%, 12/01/30
 
3,320
3,721,408
State of Ohio, RB
 
AMT, (AGM), 5.00%, 12/31/29
 
1,625
1,643,168
AMT, (AGM), 5.00%, 12/31/30
 
4,585
4,636,810
 
 
18,056,903
Oklahoma — 0.6%
Oklahoma Capitol Improvement Authority, RB,
Series B, 5.00%, 07/01/30
 
2,150
2,369,458
Tulsa Airports Improvement Trust, Refunding RB, AMT,
5.00%, 06/01/35(a)
 
6,750
6,784,357
 
 
9,153,815
Oregon — 1.7%
Oregon Health & Science University, Refunding RB,
Series B, 5.00%, 07/01/35
 
7,390
7,568,636
Port of Morrow Oregon, GOL, Series A, 5.15%,
10/01/26(b)
 
17,000
17,163,718
Port of Morrow Oregon, Refunding GOL
 
Series A, 4.00%, 06/01/30
 
1,205
1,207,158
Series D, 4.00%, 12/01/30
 
880
881,904
 
 
26,821,416
Pennsylvania — 17.2%
Allegheny County Higher Education Building Authority,
Refunding RB, 3.66%, 02/01/33(a)
 
7,250
7,117,556
Allegheny County Hospital Development Authority, RB,
Series D2, 3.94%, 11/15/47(a)
 
5,205
5,160,090
Allegheny County Hospital Development Authority,
Refunding RB
 
Series A, 5.00%, 04/01/31
 
3,075
3,198,134
Series A, 5.00%, 04/01/34
 
3,345
3,465,648
Series A, 5.00%, 04/01/35
 
1,000
1,033,195
Allentown City School District, Refunding GOL,
Series B, (BAM SAW), 5.00%, 02/01/31
 
4,000
4,255,535
Allentown Neighborhood Improvement Zone
Development Authority, RB(b)
 
5.00%, 05/01/28
 
675
684,180
5.00%, 05/01/32
 
9,310
9,487,901
Allentown Neighborhood Improvement Zone
Development Authority, Refunding RB
 
5.00%, 05/01/29
 
450
471,835
5.00%, 05/01/30
 
450
473,708
Chester County Health and Education Facilities
Authority, Refunding RB
 
Series A, 5.00%, 12/01/30
 
2,180
1,809,088
Series A, 5.00%, 10/01/32
 
1,450
1,513,948
Chester County Industrial Development Authority, SAB,
4.38%, 03/01/28(b)
 
152
151,850
City of Philadelphia Pennsylvania Airport Revenue,
Refunding RB, Series A, 5.00%, 07/01/30
 
5,000
5,516,726
City of Philadelphia Pennsylvania, Refunding GO
 
(AGM), 4.00%, 08/01/32
 
6,000
6,045,001
Series A, 5.00%, 08/01/30
 
4,500
4,719,971
Clarion County Industrial Development Authority,
Refunding RB, AMT, 2.45%, 12/01/39(a)
 
4,200
3,913,537
Commonwealth Financing Authority, RB, 5.00%,
06/01/32
 
6,000
6,335,551
Security
 
Par
(000)
Value
Pennsylvania (continued)
Commonwealth of Pennsylvania, Refunding GO,
Series 1, 4.00%, 01/01/30
$
7,000
$ 7,119,423
Cumberland County Municipal Authority, Refunding RB
 
5.00%, 01/01/29
 
570
570,312
5.00%, 01/01/30
 
1,285
1,285,753
5.00%, 01/01/32
 
1,510
1,519,401
Dauphin County General Authority, Refunding RB,
Series A, 4.00%, 06/01/31
 
2,275
2,304,248
East Hempfield Township Industrial Development
Authority, RB, 5.00%, 07/01/25(f)
 
825
833,295
Geisinger Authority, Refunding RB
 
Series A-2, 5.00%, 02/15/32
 
4,000
4,149,302
Series A-2, 5.00%, 02/15/34
 
1,750
1,813,076
Lancaster County Hospital Authority, Refunding RB,
3.00%, 08/15/30
 
2,535
2,485,415
Lancaster Municipal Authority, Refunding RB
 
Series A, 5.00%, 05/01/29
 
190
198,552
Series A, 5.00%, 05/01/30
 
195
204,942
Latrobe Industrial Development Authority, Refunding
RB, 5.00%, 03/01/30
 
150
157,902
Lehigh County Industrial Development Authority,
Refunding RB, Series A, 3.00%, 09/01/29
 
15,000
14,726,115
Montgomery County Higher Education and Health
Authority, Refunding RB
 
4.00%, 09/01/35
 
1,735
1,706,734
4.00%, 09/01/36
 
1,500
1,462,482
Series A, 5.00%, 09/01/31
 
1,750
1,836,754
Series A, 5.00%, 09/01/32
 
1,315
1,372,652
Montgomery County Industrial Development Authority,
Refunding RB
 
5.00%, 01/01/30
 
2,000
1,986,037
Series A, 5.25%, 01/15/25(f)
 
3,250
3,260,028
Series A, 4.10%, 04/01/53(a)
 
7,905
8,109,369
Northampton County General Purpose Authority,
Refunding RB, 5.00%, 11/01/34
 
5,400
5,661,939
Pennsylvania Economic Development Financing
Authority, RB
 
5.00%, 12/31/29
 
5,000
5,106,319
5.00%, 12/31/30
 
13,100
13,373,340
5.00%, 12/31/34
 
16,500
16,767,129
Series A-1, 5.00%, 04/15/30
 
2,500
2,732,798
AMT, 5.00%, 12/31/29
 
3,750
3,869,720
AMT, 5.00%, 06/30/30
 
3,500
3,611,261
Pennsylvania Economic Development Financing
Authority, Refunding RB, 5.00%, 03/15/31
 
4,500
4,634,774
Pennsylvania Higher Educational Facilities Authority,
RB
 
Series AT-1, 5.00%, 06/15/26(f)
 
100
102,867
Series AT-1, 5.00%, 06/15/30
 
6,625
6,807,737
Series AT-1, 5.00%, 06/15/30(e)
 
1,185
1,223,541
Pennsylvania Higher Educational Facilities Authority,
Refunding RB
 
5.00%, 05/01/30
 
425
431,692
5.00%, 05/01/31
 
1,275
1,294,164
4.00%, 05/01/32
 
3,000
2,480,612
5.00%, 05/01/32
 
1,750
1,775,048
5.00%, 05/01/33
 
3,320
3,365,146
5.00%, 05/01/35
 
1,000
1,008,098
Pennsylvania Housing Finance Agency, RB, S/F
Housing
 
Series 137, Sustainability Bonds, 1.90%, 04/01/30
 
1,625
1,451,040
Series 137, Sustainability Bonds, 1.95%, 10/01/30
 
875
773,978
7
Schedule of Investments (unaudited)(continued)
October 31, 2024
BlackRock Municipal 2030 Target Term Trust (BTT)
(Percentages shown are based on Net Assets)
Security
 
Par
(000)
Value
Pennsylvania (continued)
Pennsylvania Housing Finance Agency, Refunding RB,
Series 125A, AMT, 3.40%, 10/01/32
$
8,890
$ 8,437,923
Pennsylvania Turnpike Commission, RB
 
Series B, 5.00%, 12/01/29
 
800
877,742
Series B, 5.00%, 12/01/30
 
620
687,957
Sub-Series B-1, 5.00%, 06/01/31
 
3,000
3,131,881
Sub-Series B-1, 5.00%, 06/01/32
 
4,075
4,247,635
Pennsylvania Turnpike Commission, Refunding RB
 
2nd Sub Series, 5.00%, 12/01/32
 
1,000
1,051,142
2nd Sub Series, 5.00%, 12/01/33
 
1,815
1,896,128
2nd Sub Series, 5.00%, 12/01/34
 
1,500
1,569,819
2nd Sub Series, 5.00%, 12/01/35
 
2,005
2,083,320
Philadelphia Authority for Industrial Development, RB,
4.00%, 06/15/29
 
260
255,017
Philadelphia Gas Works Co., RB, Series A, (AGM),
5.00%, 08/01/30
 
800
879,141
Philadelphia Gas Works Co., Refunding RB,
Series 14-T, 5.00%, 10/01/30
 
425
437,959
Pittsburgh Water & Sewer Authority, RB, Series B,
(AGM), 5.00%, 09/01/30
 
205
227,463
School District of Philadelphia, GOL
 
Series A, (SAW), 5.00%, 09/01/25
 
1,300
1,316,972
Series A, (SAW), 5.00%, 09/01/26
 
3,250
3,355,084
Series A, (SAW), 5.00%, 09/01/27
 
2,675
2,811,039
Series A, (SAW), 5.00%, 09/01/28
 
1,630
1,738,828
Series A, (SAW), 5.00%, 09/01/30
 
2,380
2,601,735
Southeastern Pennsylvania Transportation Authority,
RB, 5.00%, 06/01/30
 
5,000
5,439,803
Wayne County Hospital & Health Facilities Authority,
RB
 
Series A, (GTD), 5.00%, 07/01/31
 
460
479,816
Series A, (GTD), 4.00%, 07/01/33
 
440
440,671
West Cornwall Township Municipal Authority,
Refunding RB
 
Series A, 4.00%, 11/15/27
 
130
130,221
Series A, 4.00%, 11/15/28
 
105
105,053
Series A, 4.00%, 11/15/29
 
140
138,275
Series A, 4.00%, 11/15/30
 
190
187,278
Series A, 4.00%, 11/15/31
 
200
196,792
Westmoreland County Municipal Authority, Refunding
RB
 
(BAM), 5.00%, 08/15/27
 
1,500
1,519,635
(BAM), 5.00%, 08/15/31
 
5,000
5,244,069
(BAM), 5.00%, 08/15/32
 
17,945
18,816,976
 
 
269,231,823
Puerto Rico — 5.2%
Commonwealth of Puerto Rico, GO, Series A-1,
Restructured, 5.63%, 07/01/29
 
1,534
1,649,609
Puerto Rico Sales Tax Financing Corp. Sales Tax
Revenue, RB, CAB(c)
 
Series A-1, Restructured, 0.00%, 07/01/29
 
14,055
11,769,916
Series A-1, Restructured, 0.00%, 07/01/31
 
38,523
29,664,441
Series A-1, Restructured, 0.00%, 07/01/33
 
43,149
30,354,369
Series B-1, Restructured, 0.00%, 07/01/31
 
5,755
4,401,853
Series B-1, Restructured, 0.00%, 07/01/33
 
6,477
4,512,972
 
 
82,353,160
Rhode Island — 1.0%
Rhode Island Health and Educational Building Corp.,
Refunding RB, 5.00%, 05/15/30
 
1,500
1,525,526
Security
 
Par
(000)
Value
Rhode Island (continued)
Rhode Island Student Loan Authority, RB
 
Series A, AMT, 5.00%, 12/01/29
$
1,950
$ 2,055,442
Series A, AMT, 5.00%, 12/01/30
 
1,300
1,373,762
Tobacco Settlement Financing Corp., Refunding RB
 
Series A, 5.00%, 06/01/28
 
2,750
2,763,253
Series A, 5.00%, 06/01/29
 
4,500
4,522,990
Series A, 5.00%, 06/01/30
 
4,215
4,237,151
 
 
16,478,124
South Carolina — 0.9%
South Carolina Jobs-Economic Development Authority,
Refunding RB, Series A, 5.00%, 05/01/35
 
10,000
10,363,984
South Carolina Public Service Authority, Refunding RB,
Series A, 5.00%, 12/01/31
 
2,800
3,069,304
 
 
13,433,288
Tennessee — 1.3%
Chattanooga Health Educational & Housing Facility
Board, Refunding RB, Series A, 4.00%, 08/01/36
 
2,000
1,987,415
Chattanooga-Hamilton County Hospital Authority,
Refunding RB, Series A, 5.00%, 10/01/31
 
6,210
6,214,115
Metropolitan Government Nashville & Davidson County
Health & Educational Facilities Board, RB, Series A,
5.00%, 07/01/31
 
1,300
1,332,856
Tennergy Corp., RB, Series A, 4.00%, 12/01/51(a)
 
6,000
6,045,209
Tennessee Energy Acquisition Corp., RB, Series A,
5.00%, 05/01/52(a)
 
5,000
5,307,717
 
 
20,887,312
Texas — 12.9%
Arlington Higher Education Finance Corp., RB, 4.00%,
06/15/31
 
2,705
2,529,562
Central Texas Regional Mobility Authority, RB,
Series A, Senior Lien, 5.00%, 07/01/25(f)
 
4,275
4,322,930
City of Austin Texas Airport System Revenue, ARB,
AMT, 5.00%, 11/15/30
 
2,000
2,135,952
City of Austin Texas Water & Wastewater System
Revenue, Refunding RB, Series C, 5.00%, 11/15/30
 
900
1,000,161
City of Houston Texas Airport System Revenue, ARB
 
Series B-1, AMT, 5.00%, 07/15/30
 
1,900
1,907,942
Series C, AMT, 5.00%, 07/15/28
 
3,000
3,077,564
City of Houston Texas Airport System Revenue,
Refunding RB
 
Sub-Series D, 5.00%, 07/01/33
 
7,000
7,388,710
AMT, 5.00%, 07/01/29
 
14,000
14,007,244
Series C, AMT, 5.00%, 07/15/27
 
5,150
5,253,978
Sub-Series A, AMT, 5.00%, 07/01/30
 
1,200
1,273,063
City of Houston Texas Combined Utility System
Revenue, Refunding RB, Series B, 1st Lien,
Subordinate, 5.00%, 11/15/34
 
7,315
7,548,342
Clifton Higher Education Finance Corp., Refunding RB
 
Series A, (PSF-GTD), 4.00%, 08/15/31
 
1,250
1,257,085
Series A, 3.95%, 12/01/32
 
1,650
1,543,310
County of Nueces Texas, Refunding GOL
 
4.00%, 02/15/33
 
1,165
1,190,222
4.00%, 02/15/35
 
725
733,073
Dallas Fort Worth International Airport, Refunding RB,
5.00%, 11/01/32
 
2,500
2,739,007
DeSoto Independent School District, Refunding GO,
(PSF-GTD), 5.00%, 08/15/30
 
3,980
4,310,994
Harris County Cultural Education Facilities Finance
Corp., RB
 
5.00%, 07/01/38
 
2,275
2,310,373
Schedule of Investments
8
Schedule of Investments (unaudited)(continued)
October 31, 2024
BlackRock Municipal 2030 Target Term Trust (BTT)
(Percentages shown are based on Net Assets)
Security
 
Par
(000)
Value
Texas (continued)
Harris County Cultural Education Facilities Finance
Corp., RB (continued)
 
Series B, 5.75%, 01/01/28
$
480
$ 480,601
Series B, 6.38%, 01/01/33
 
40
40,062
Harris County Cultural Education Facilities Finance
Corp., Refunding RB
 
Series A, 5.00%, 06/01/28
 
950
940,070
Series A, 5.00%, 01/01/33
 
850
850,326
Series A, 5.00%, 06/01/33
 
3,000
2,877,479
Leander Independent School District, Refunding GO,
CAB(c)
 
Series D, (PSF-GTD), 0.00%, 08/15/31
 
1,200
889,656
Series D, (PSF-GTD), 0.00%, 08/15/32
 
1,875
1,323,082
Love Field Airport Modernization Corp., ARB, AMT,
5.00%, 11/01/26
 
430
442,621
Matagorda County Navigation District No. 1, Refunding
RB
 
Series A, (AMBAC), 4.40%, 05/01/30
 
26,120
27,214,160
Series B, (AMBAC), 4.55%, 05/01/30
 
12,055
12,462,364
Series B-2, 4.00%, 06/01/30
 
12,995
12,997,354
AMT, 4.25%, 05/01/30
 
6,855
6,985,616
Midland County Fresh Water Supply District No. 1, RB,
CAB, Series A, 0.00%, 09/15/27(c)(f)
 
21,370
15,756,294
New Hope Cultural Education Facilities Finance Corp.,
RB, Series A, 4.00%, 08/15/29(b)
 
325
316,276
North Texas Tollway Authority, Refunding RB, Series A,
(BAM-TCRS), 5.00%, 01/01/38
 
8,200
8,219,393
Socorro Independent School District, Refunding GO,
Series B, (PSF-GTD), 4.00%, 08/15/34
 
3,000
3,022,387
Spring Branch Independent School District, GO, (PSF-
GTD), 3.00%, 02/01/33
 
5,000
4,704,918
Tarrant County Cultural Education Facilities Finance
Corp., RB
 
Class F, 5.00%, 11/15/52(a)
 
3,585
3,885,003
Series B, 5.00%, 07/01/35
 
9,435
9,947,234
Texas Municipal Gas Acquisition & Supply Corp. III,
Refunding RB
 
5.00%, 12/15/30
 
16,435
17,339,275
5.00%, 12/15/32
 
5,000
5,290,206
Texas Public Finance Authority, Refunding RB, 4.00%,
12/01/31
 
1,650
1,660,842
 
 
202,174,731
Utah — 0.2%
City of Salt Lake City Utah Airport Revenue, ARB,
Series A, AMT, 5.00%, 07/01/30
 
2,980
3,174,881
Virginia — 0.1%
Dulles Town Center Community Development
Authority, Refunding SAB, 4.25%, 03/01/26
 
320
319,996
Hanover County Economic Development Authority,
Refunding RB, 4.00%, 07/01/30(b)
 
1,000
980,025
Norfolk Redevelopment & Housing Authority, RB,
Series B, 4.00%, 01/01/25
 
120
119,899
 
 
1,419,920
Washington — 2.3%
County of King Washington Sewer Revenue,
Refunding RB, Series A, Junior Lien, 3.47%,
01/01/40(a)
 
4,050
3,988,800
Port of Seattle Washington, ARB
 
Series C, AMT, Intermediate Lien, 5.00%, 05/01/33
 
6,695
6,829,566
Series C, AMT, Intermediate Lien, 5.00%, 05/01/34
 
6,000
6,100,621
Security
 
Par
(000)
Value
Washington (continued)
Washington Health Care Facilities Authority, Refunding
RB, Series B, 5.00%, 08/15/35
$
9,485
$ 9,755,547
Washington State Convention Center Public Facilities
District, RB, 4.00%, 07/01/31
 
4,240
4,277,220
Washington State Housing Finance Commission,
Refunding RB
 
Series A, 5.00%, 07/01/25
 
350
353,200
Series A, 5.00%, 07/01/26
 
285
292,604
Series A, 5.00%, 07/01/27
 
350
365,370
Series A, 5.00%, 07/01/28
 
550
582,112
Series A, 5.00%, 07/01/29
 
775
829,658
Series A, 5.00%, 07/01/30
 
815
878,806
WBRP 3.2, RB
 
Series A, 5.00%, 01/01/31
 
1,000
1,012,555
Series A, 5.00%, 01/01/32
 
1,140
1,154,172
 
 
36,420,231
West Virginia — 0.2%
West Virginia Hospital Finance Authority, RB
 
Series A, 5.00%, 06/01/31
 
1,950
2,023,279
Series A, 5.00%, 06/01/33
 
1,100
1,138,732
 
 
3,162,011
Wisconsin — 3.0%
Public Finance Authority, RB(b)
 
4.00%, 06/15/30
 
1,520
1,463,234
5.00%, 07/15/30
 
3,700
3,774,217
5.00%, 01/01/31
 
650
639,601
Series A, 4.00%, 07/15/29
 
485
476,529
Series A, 4.00%, 03/01/30
 
1,140
1,110,747
Series A, 3.75%, 06/01/30
 
345
325,937
Series A, 5.00%, 06/15/31
 
705
691,571
Public Finance Authority, Refunding RB
 
4.00%, 09/01/29(b)
 
275
266,085
Class A, 3.00%, 12/01/26(b)
 
250
244,655
Class C, 4.00%, 10/01/41(a)
 
7,000
7,016,358
AMT, 2.63%, 11/01/25
 
3,000
2,970,981
Class B, AMT, 4.00%, 10/01/46(a)
 
1,750
1,802,946
Series B, AMT, 5.25%, 07/01/28
 
1,290
1,290,956
State of Wisconsin, GO, Series A, 3.66%, 05/01/25(a)
 
10,890
10,889,106
Wisconsin Health & Educational Facilities Authority, RB
 
Series A, 5.00%, 02/15/29
 
3,000
3,135,872
Series B-2, 4.20%, 08/15/28
 
1,350
1,338,166
Wisconsin Health & Educational Facilities Authority,
Refunding RB, 5.00%, 04/01/35
 
2,500
2,669,075
Wisconsin Housing & Economic Development Authority
Home Ownership Revenue, RB, S/F Housing,
Series D, (FNMA), 3.00%, 09/01/32
 
7,265
6,690,875
 
 
46,796,911
Total Municipal Bonds — 136.7%
(Cost: $2,171,459,958)
2,144,947,571
Municipal Bonds Transferred to Tender Option Bond Trusts(g)
Colorado — 0.6%
City & County of Denver Colorado Airport System
Revenue, Refunding ARB
 
Series A, AMT, 4.25%, 11/15/31(h)
 
8,085
8,024,116
Series A, AMT, 4.25%, 11/15/32
 
2,230
2,213,337
 
 
10,237,453
9
Schedule of Investments (unaudited)(continued)
October 31, 2024
BlackRock Municipal 2030 Target Term Trust (BTT)
(Percentages shown are based on Net Assets)
Security
 
Par
(000)
Value
Florida — 6.0%
County of Broward Florida Airport System Revenue,
ARB
 
Series Q-1, 4.00%, 10/01/29(h)
$
17,200
$ 17,207,256
Series Q-1, 4.00%, 10/01/30
 
18,095
18,102,661
Series Q-1, 4.00%, 10/01/31
 
18,820
18,827,960
Series Q-1, 4.00%, 10/01/32
 
19,575
19,583,273
Series Q-1, 4.00%, 10/01/33
 
20,355
20,363,612
 
 
94,084,762
Total Municipal Bonds Transferred to Tender Option Bond
Trusts — 6.6%
(Cost: $104,359,982)
104,322,215
Non-Agency Mortgage-Backed Securities
Commercial Mortgage-Backed Securities — 1.1%
National Finance Authority Affordable Housing
Certificates, Series 2024-1, Class A, 4.15%,
10/20/40
 
16,715
16,659,299
Total Non-Agency Mortgage-Backed Securities — 1.1%
(Cost: $16,804,102)
16,659,299
Total Long-Term Investments — 144.4%
(Cost: $2,292,624,042)
2,265,929,085
 
 
 
 
Shares
 
Short-Term Securities
Money Market Funds — 6.2%
BlackRock Liquidity Funds, MuniCash, Institutional
Shares, 3.19%(i)(j)
 
97,402,333
97,412,073
Total Short-Term Securities — 6.2%
(Cost: $97,412,073)
97,412,073
Total Investments — 150.6%
(Cost: $2,390,036,115)
2,363,341,158
Other Assets Less Liabilities — 1.7%
25,088,406
Liability for TOB Trust Certificates, Including Interest Expense and
Fees Payable — (4.5)%
(69,811,324
)
VRDP Shares at Liquidation Value, Net of Deferred Offering Costs —
(47.8)%
(749,825,546
)
Net Assets Applicable to Common Shares — 100.0%
$ 1,568,792,694
 
(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 collateralized by municipal bonds or U.S. Treasury obligations.
(f)
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.
(g)
Represent bonds transferred to a TOB Trust in exchange of cash and residual certificates
received by the Trust. These bonds serve as collateral in a secured borrowing.
(h)
All or a portion of the security is subject to a recourse agreement. The aggregate
maximum potential amount the Trust could ultimately be required to pay under the
agreements, which expire between October 1, 2029 to November 15, 2032, is
$71,728,412.
(i)
Affiliate of the Trust.
(j)
Annualized 7-day yield as of period end.
Affiliates
Investments in issuers considered to be affiliate(s) of the Trust during the period ended October 31, 2024 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows: 
Affiliated Issuer
Value at
07/31/24
Purchases
at Cost
Proceeds
from Sales
Net
Realized
Gain (Loss)
Change in
Unrealized
Appreciation
(Depreciation)
Value at
10/31/24
Shares
Held at
10/31/24
Income
Capital Gain
Distributions
from
Underlying
Funds
BlackRock Liquidity Funds, MuniCash, Institutional
Shares
$ 35,247,372
$ 62,164,701
(a)
$ —
$ —
$ —
$ 97,412,073
97,402,333
$ 220,533
$ —
 
(a)
Represents net amount purchased (sold).
Schedule of Investments
10
Schedule of Investments (unaudited)(continued)
October 31, 2024
BlackRock Municipal 2030 Target Term Trust (BTT)
 
Fair Value Hierarchy as of Period End
Various inputs are used in determining the fair value of financial instruments at the measurement date. 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 that the Trust has the ability to access for identical assets or liabilities;
• Level 2 – Inputs other than quoted prices included within level 1 that are observable for the asset or liability, either directly or indirectly; and
• Level 3 – Inputs that are unobservable and significant to the  entire fair value measurement for the asset or liability (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 Trust’s policy regarding valuation of financial instruments, refer to its most recent financial statements.
The following table summarizes the Trust’s financial instruments categorized in the fair value hierarchy.  The breakdown of the Trust’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 
Municipal Bonds
$ —
$ 2,144,947,571
$ —
$ 2,144,947,571
Municipal Bonds Transferred to Tender Option Bond Trusts
—
104,322,215
—
104,322,215
Non-Agency Mortgage-Backed Securities
—
16,659,299
—
16,659,299
Short-Term Securities 
Money Market Funds
97,412,073
—
—
97,412,073
 
$97,412,073
$2,265,929,085
$—
$2,363,341,158
The Trust 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
$—
$(69,569,982
)
$—
$(69,569,982
)
VRDP Shares at Liquidation Value
—
(750,000,000
)
—
(750,000,000
)
 
$—
$(819,569,982
)
$—
$(819,569,982
)
 
Portfolio Abbreviation 
AGM
 Assured Guaranty Municipal Corp.
AMBAC
 AMBAC Assurance Corp.
AMT
 Alternative Minimum Tax
ARB
 Airport Revenue Bonds
BAM
 Build America Mutual Assurance Co.
BAM-TCRS
 Build America Mutual Assurance Co. - Transferable
Custodial Receipts
CAB
 Capital Appreciation Bonds
COP
 Certificates of Participation
FHLMC
 Federal Home Loan Mortgage Corp.
FNMA
 Federal National Mortgage Association
Portfolio Abbreviation (continued)
GNMA
 Government National Mortgage Association
GO
 General Obligation Bonds
GOL
 General Obligation Ltd.
GTD
 GTD Guaranteed
M/F
 Multi-Family
NPFGC
 National Public Finance Guarantee Corp.
PSF-GTD
 Permanent School Fund Guaranteed
RB
 Revenue Bond
S/F
 Single-Family
SAB
 Special Assessment Bonds
SAP
 Subject to Appropriations
11
Schedule of Investments (unaudited)(continued)
October 31, 2024
BlackRock Municipal 2030 Target Term Trust (BTT)
 
Portfolio Abbreviation (continued)
SAW
 State Aid Withholding
ST
 Special Tax
TA
 Tax Allocation
Schedule of Investments
12
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