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Form NSAR-A BLACKROCK STRATEGIC MUNI For: Oct 31

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December 23, 2016 12:13 PM EST 
      PAGE  1
000 A000000 10/31/2016
000 C000000 0001089094
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 6.1
000 J000000 A
001 A000000 BLACKROCK STRATEGIC MUNICIPAL TRUST
001 B000000 811-09401
001 C000000 8004417762
002 A000000 100 BELLEVUE PARKWAY
002 B000000 WILMINGTON
002 C000000 DE
002 D010000 19809
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 N
007 B000000  0
007 C010100  1
008 A000001 BLACKROCK ADVISORS, LLC
008 B000001 A
008 C000001 801-47710
008 D010001 WILMINGTON
008 D020001 DE
008 D030001 19809
012 A000001 COMPUTERSHARE TRUST COMPANY, N.A. (COMMON)
012 B000001 85-11340
012 C010001 CANTON
012 C020001 MA
012 C030001 02021
012 A000002 BANK OF NEW YORK MELLON (PREFERRED)
012 B000002 85-05006
012 C010002 NEW YORK
012 C020002 NY
012 C030002 10289
013 A000001 DELOITTE & TOUCHE LLP
013 B010001 BOSTON
013 B020001 MA
013 B030001 02116
014 A000001 BLACKROCK EXECUTION SERVICES
014 B000001 8-48719
014 A000002 BLACKROCK INVESTMENTS, LLC
014 B000002 8-48436
014 A000003 HARRIS WILLIAMS LLC
014 B000003 8-53380
014 A000004 PNC CAPITAL MARKETS, INC.
014 B000004 8-32493
      PAGE  2
014 A000005 PNC INVESTMENTS LLC
014 B000005 8-66195
014 A000006 SOLEBURY CAPITAL, LLC
014 B000006 8-67548
015 A000001 STATE STREET BANK & TRUST COMPANY
015 B000001 C
015 C010001 BOSTON
015 C020001 MA
015 C030001 02110
015 E010001 X
018  000000 Y
019 A000000 Y
019 B000000  272
019 C000000 BLKRKADVSR
020 A000001 BANK OF AMERICA CORP
020 B000001 56-0906609
020 C000001      1
021  000000        1
022 A000001 BLACKROCK LIQUIDITY CASH FUNDS, MUNICASH
022 B000001 52-0983343
022 C000001     13487
022 D000001     15792
022 A000002 CITIGROUP GLOBAL MARKETS INC.
022 B000002 11-2418191
022 C000002      8088
022 D000002      7352
022 A000003 PERSHING LLC
022 B000003 13-2741729
022 C000003      3411
022 D000003      7412
022 A000004 MORGAN STANLEY & CO INC
022 B000004 13-2655998
022 C000004      3939
022 D000004      3639
022 A000005 GOLDMAN SACHS & CO
022 B000005 13-5108880
022 C000005      6346
022 D000005      1205
022 A000006 J.P. MORGAN SECURITIES LLC
022 B000006 13-3299429
022 C000006      5339
022 D000006      2168
022 A000007 BANK OF AMERICA CORP
022 B000007 56-0906609
022 C000007      4422
022 D000007      1898
022 A000008 WELLS FARGO BANK NA
022 B000008 94-1347393
022 C000008      4060
022 D000008      1826
022 A000009 RBC CAPITAL MARKETS CORP
      PAGE  3
022 B000009 13-5033225
022 C000009      2115
022 D000009      2919
022 A000010 BARCLAYS CAPITAL INC.
022 B000010 13-3297824
022 C000010      2716
022 D000010      1366
023 C000000      57080
023 D000000      49570
024  000000 N
025 D000001       0
026 A000000 N
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      PAGE  4
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      PAGE  5
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061  000000        0
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      PAGE  6
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      PAGE  7
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073 A020000   0.0000
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      PAGE  8
074 U020000        0
074 V010000    14.88
074 V020000     0.00
074 W000000   0.0000
074 X000000     3013
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075 A000000        0
075 B000000   110965
076  000000    14.25
077 A000000 Y
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077 I000000 N
077 O000000 Y
077 Q010000 N
078  000000 N
080 C000000        0
081 B000000   0
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083 B000000        0
084 B000000        0
086 A010000      2
086 A020000     23
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086 B020000      0
086 C010000      0
086 C020000      0
086 D010000      0
086 D020000      0
086 E010000      0
086 E020000      0
086 F010000      0
086 F020000      0
087 A010000 COMMON STOCK
087 A020000 09248T109
087 A030000 BSD
087 B010000 PREFERRED STOCK
088 A000000 N
088 B000000 N
088 C000000 N
088 D000000 Y
SIGNATURE   NEAL J. ANDREWS
TITLE       CFO
 


LOGO

 Rule 10f-3 Transaction Form

 Acquisition of Securities During Affiliated Underwritings


PARTICIPATING FUNDS

[_]  U.S. Registered Funds (Name of Fund, Aladdin Ticker):
     iShares National Muni Bond ETF (ISHMUNI)
     iShares New York Muni Bond ETF (ISHNY)
     BlackRock Municipal Income Investment Quality Trust (BAF)
     BlackRock Allocation Target Shares : Series E Portfolio (BATSE)
     BlackRock Municipal Income Investment Trust (BBF)
     BlackRock Municipal Income Trust (BFK)
     BlackRock Municipal Income Trust II (BLE)
     BlackRock High Yield Municipal Fund (BR-HYMUNI)
     BlackRock National Municipal Fund of Blackrock Municipal Bond Fund, Inc.
     (BR-NATL)
     BlackRock New York Municipal Opportunities Fund of BlackRock Multi-State
     Mu (BR-NYMO)
     BlackRock Strategic Municipal Trust (BSD)
     BlackRock Long-Term Municipal Advantage Trust (BTA)
     BlackRock Municipal Income Quality Trust (BYM)
     BlackRock MuniEnhanced Fund, Inc.(MEN)
     BlackRock MuniHoldings Investment Quality Fund (MFL)
     BlackRock MuniYield Investment Quality Fund (MFT)
     BlackRock MuniHoldings Fund, Inc. (MHD)
     BlackRock MuniHoldings New York Quality Fund, Inc. (MHN)
     BlackRock MuniYield Quality Fund II, Inc. (MQT)
     BlackRock MuniYield Quality Fund, Inc. (MQY)
     BlackRock MuniHoldings Fund II, Inc. (MUH)
     BlackRock MuniVest Fund II, Inc. (MVT)
     BlackRock MuniYield Fund, Inc. (MYD)
     BlackRock MuniYield Investment Fund (MYF)
     BlackRock MuniYield Quality Fund III, Inc. (MYI)
     BlackRock MuniYield New York Quality Fund, Inc. (MYN)

THE OFFERING

KEY CHARACTERISTICS (COMPLETE ALL FIELDS)

Date of                    07-21-2016
Offering Commencement:

Security Type:             BND/MUNI

Issuer                     Metropolotan Transportation Authority
                           Transportation Revenue Bonds, Series 2016C,
                           Subseries 2016-C-1 (2056)

Selling Underwriter        Wells Fargo Securities, LLC

Affiliated Underwriter(s)  [X] PNC Capital Markets LLC
                           [_] Other:

List of Underwriter(s)     Wells Fargo Securities, LLC, Drexel Hamilton, LLC,
                           Estrada Hinojosa & Company, Rice Financial Products
                           Company, BNYMellon Capital Markets, Merrill Lynch,
                           Pierce, Fenner & Smith Incorporated, Citigroup
                           Global Markets Inc, Goldman, Sachs & Co., J.P.
                           Morgan Securities LLC, Jefferies LLC, Loop Capital
                           Markets LLC, Morgan Stanley & Co. LLC, Samuel A.
                           Ramirez & Company, Inc., RBC Capital Markets, LLC,
                           Siebert Brandford Shank & Co, Academy Securities,
                           Barclays Capital Inc., Cabrera Capital Markets,
                           LLC, Duncan-Williams, Inc., Fidelity Capital
                           Markets, Janney Montgomery Scott LL, Keybank
                           Capital Markets Inc, M&T Securities, Inc, Mesirow
                           Financial Inc, Oppenheimer & Co, Piper Jaffray &
                           Co, PNC Capital Markets LLC, Raymond James &
                           Associates, Inc, Roosevelt & Cross, Inc, Stern
                           Brothers & Co., Stifel Nicolaus & Company, Inc, The
                           Williams Capital Group, L.P , TD Securities (USA)
                           LLC, U.S. Bancorp Investments, Inc

                                                                    Page 1 of 2

                                                                          LOGO


TRANSACTION DETAILS

Date of Purchase      07-21-2016

                                                                     
Purchase Price/Share    $119.657
(PER SHARE / % OF PAR)    (2.79)
                        $122.685
                          (2.71)  Total Commission, Spread or Profit          0.463%
                        ---------                                             ------






1.  Aggregate Principal Amount Purchased (a+b)                       $104,120,000
                                                                     ------------

    a.  US Registered Funds
        (Appendix attached with individual Fund/Client purchase)     $ 87,500,000

    b.  Other BlackRock Clients                                      $ 16,620,000

2.  Aggregate Principal Amount of Offering                           $863,860,000
                                                                     ------------
FUND RATIO
[Divide Sum of #1 by #2]                                                 0.120528
Must be less than 0.25


                                                                  


                                                                          LOGO


LEGAL REQUIREMENTS

OFFERING TYPE (CHECK ONE)

The securities fall into one of the following transaction types (see
Definitions):

[_] U.S. Registered Public Offering... [Issuer must have 3 years of continuous
                                       operations]

[_] Eligible Rule 144A Offering....... [Issuer must have 3 years of continuous
                                       operations]

[X] Eligible Municipal Securities

[_] Eligible Foreign Offering......... [Issuer must have 3 years of continuous
                                       operations]

[_] Government Securities Offering.... [Issuer must have 3 years of continuous
                                       operations]

TIMING AND PRICE (CHECK ONE OR BOTH)

[X] The securities were purchased before the end of the first day on which any
    sales were made, at a price that was not more than the price paid by each
    other purchaser of securities in that offering or in any concurrent
    offering of the securities; and

[_] If the securities are offered for subscription upon exercise of rights, the
    securities were purchased on or before the fourth day before the day on
    which the rights offering terminated.

FIRM COMMITMENT OFFERING (CHECK ONE)

[X]  YES  The securities were offered pursuant to an underwriting or similar
[_]  NO   agreement under which the underwriters were committed to purchase
          all of the securities being offered, except those purchased by
          others pursuant to a rights offering, if the underwriters purchased
          any of the securities.

NO BENEFIT TO AFFILIATED UNDERWRITER (CHECK ONE)

[X]  YES  No affiliated underwriter was a direct or indirect participant in,
[_]  NO   or benefited directly or indirectly from, the transaction.


Completed by:            Dipankar Banerjee               Date:  07-26-2016
                         ------------------------------         ---------------
                         Global Syndicate Team Member

Approved by:             Steven DeLaura                  Date:  07-26-2016
                         ------------------------------         ---------------
                         Global Syndicate Team Member

                                                                          LOGO


DEFINITIONS



TERM                       DEFINITION
                        
Fund Ratio                 Number appearing at the bottom of page 1 of 2 of
                           the Rule 10f-3 Report form. It is the sum of the
                           Funds' participation in the offering by the Funds
                           and other accounts managed by BlackRock divided by
                           the total amount of the offering.

Eligible Foreign Offering  The securities are sold in a public offering
                           conducted under the laws of a country other than
                           the United States and

                           (a) the offering is subject to regulation in such
                               country by a "foreign financial regulatory
                               authority," as defined in Section 2(a)(50) of
                               the Investment Company Act of 1940;

                           (b) the securities were offered at a fixed price to
                               all purchasers in the offering (except for any
                               rights to purchase securities that are required
                               by law to be granted to existing security
                               holders of the issuer);

                           (c) financial statements, prepared and audited as
                               required or permitted by the appropriate
                               foreign financial regulatory authority in such
                               country, for the two years prior to the
                               offering, were made available to the public and
                               prospective purchasers in connection with the
                               offering; and

                           (d) if the issuer is a "domestic issuer," i.e.,
                               other than a foreign government, a national of
                               any foreign country, or a corporation or other
                               organization incorporated or organized under
                               the laws of any foreign country, it (1) has a
                               class of securities registered pursuant to
                               section 12(b) or 12(g) of the Securities
                               Exchange Act of 1934 or is required to file
                               reports pursuant to section 15(d) of that act,
                               and (2) has filed all the material required to
                               be filed pursuant to section 13(a) or 15(d) of
                               that act for a period of at least 12 months
                               immediately preceding the sale of securities
                               (or for such shorter period that the issuer was
                               required to file such material)



                                                                          LOGO




TERM                              DEFINITION
                               
Eligible Municipal Securities     The securities:

                                  (a) are direct obligations of, or obligations
                                      guaranteed as to principal or interest by,
                                      a State or any political subdivision
                                      thereof, or any agency or instrumentality
                                      of a State or any political subdivision
                                      thereof, or any municipal corporate
                                      instrumentality of one or more States, or
                                      any security which is an industrial
                                      development bond (as defined in section
                                      103(c)(2) of Title 26) the interest on
                                      which is excludable from gross income
                                      under certain provisions of the Internal
                                      Revenue Code;

                                  (b) are sufficiently liquid that they can be
                                      sold at or near their carrying value
                                      within a reasonably short period of time;
                                      and

                                  (c) either

                                      (1)  are subject to no greater than
                                           moderate credit risk; or

                                      (2)  if the issuer of the municipal
                                           securities, or the entity supplying
                                           the revenues or other payments from
                                           which the issue is to be paid, has
                                           been in continuous operation for less
                                           than three years, including the
                                           operation of any predecessors, the
                                           securities are subject to a minimal
                                           or low amount of credit risk.

                                  Also, purchases of municipal securities may
                                  not be designated as group sales or otherwise
                                  allocated to the account of any prohibited
                                  seller (i.e., an affiliated underwriter).

Eligible Rule 144A Offering       The securities are sold in an offering where

                                  (a) the securities are offered or sold in
                                      transactions exempt from registration
                                      under Section 4(2) of the Securities Act
                                      of 1933, Rule 144A thereunder, or Rules
                                      501-508 thereunder;

                                  (b) the securities were sold to persons that
                                      the seller and any person acting on behalf
                                      of the seller reasonably believe to
                                      include qualified institutional buyers, as
                                      defined in Rule 144A ("QIBs"); and

                                  (c) the seller and any person acting on behalf
                                      of the seller reasonably believe that the
                                      securities are eligible for resale to
                                      other QIBs pursuant to Rule 144A.

Government Securities Offering    The security is issued or guaranteed as to
                                  principal or interest by the United States, or
                                  by a person controlled or supervised by and
                                  acting as an instrumentality of the Government
                                  of the United States pursuant to authority
                                  granted by the Congress of the United States;
                                  or any certificate of deposit for any of the
                                  foregoing.

U.S. Registered Public Offering.  The securities offered are registered under
                                  the Securities Act of 1933 that are being
                                  offered to the public.




LOGO

 Rule 10f-3 Transaction Form

 Acquisition of Securities During Affiliated Underwritings


PARTICIPATING FUNDS

[_]  U.S. Registered Funds (Name of Fund, Aladdin Ticker):
     BlackRock Municipal Income Investment Quality Trust (BAF)
     BlackRock Allocation Target Shares : Series E Portfolio (BATSE)
     BlackRock Municipal Income Investment Trust (BBF)
     BlackRock New Jersey Municipal Bond Trust (BLJ)
     BlackRock New Jersey Municipal Income Trust (BNJ)
     BlackRock National Municipal Fund of Blackrock Municipal Bond Fund, Inc.
     (BR-NATL)
     BlackRock New Jersey Municipal Bond Fund of BlackRock Multi-State
     Municipal (BR-NJMUNI)
     BlackRock Strategic Municipal Trust (BSD)
     BlackRock Long-Term Municipal Advantage Trust (BTA)
     BlackRock MuniYield Investment Quality Fund (MFT)
     BlackRock MuniHoldings Quality Fund II, Inc. (MUE)
     BlackRock MuniHoldings New Jersey Quality Fund, Inc. (MUJ)
     BlackRock MuniHoldings Quality Fund, Inc. (MUS)
     BlackRock MuniVest Fund, Inc. (MVF)
     BlackRock MuniYield New Jersey Fund, Inc. (MYJ)
     BlackRock Municipal Bond Trust (BBK)
     BlackRock Investment Quality Municipal Trust (BKN)

THE OFFERING

KEY CHARACTERISTICS (COMPLETE ALL FIELDS)

Date of                    10-21-2016
Offering Commencement:

Security Type:             BND/MUNI

Issuer                     New Jersey Health Care Facilities Financing
                           Authority Revenue and Refunding Bonds RWJ Barnabas
                           Health Obligated Group Issue, Series 2016A-Term
                           Bonds

Selling Underwriter        Citigroup Global Markets Inc

Affiliated Underwriter(s)  [X] PNC Capital Markets LLC
                           [_] Other:

List of Underwriter(s)     Citigroup Global Markets Inc., Duncan-Williams,Inc,
                           Estrada Hinojosa & Company, Estrada Hinojosa &
                           Company, J.P. Morgan Securities LLC, PNC Capital
                           Markets LLC, Wells Fargo Securities, LLC

                                                                    Page 1 of 2

                                                                          LOGO


TRANSACTION DETAILS

Date of Purchase      10-21-2016

                                                                     
Purchase Price/Share    $113.875
(PER SHARE / % OF PAR)  $102.578  Total Commission, Spread or Profit          0.523%
                        ---------                                             ------






  1.  Aggregate Principal Amount Purchased (a+b)                 $ 42,500,000
                                                                 ------------

      a.  US Registered Funds
          (Appendix attached with individual Fund/Client
          purchase)                                              $ 42,500,000

      b.  Other BlackRock Clients                                         N/A

  2.  Aggregate Principal Amount of Offering                     $279,570,000
                                                                 ------------
  FUND RATIO
  [Divide Sum of #1 by #2]                                           0.152019
  Must be less than 0.25


                                                              


                                                                          LOGO


LEGAL REQUIREMENTS

OFFERING TYPE (CHECK ONE)

The securities fall into one of the following transaction types (see
Definitions):

[_] U.S. Registered Public Offering... [Issuer must have 3 years of continuous
                                       operations]

[_] Eligible Rule 144A Offering....... [Issuer must have 3 years of continuous
                                       operations]

[X] Eligible Municipal Securities

[_] Eligible Foreign Offering......... [Issuer must have 3 years of continuous
                                       operations]

[_] Government Securities Offering.... [Issuer must have 3 years of continuous
                                       operations]

TIMING AND PRICE (CHECK ONE OR BOTH)

[X] The securities were purchased before the end of the first day on which any
    sales were made, at a price that was not more than the price paid by each
    other purchaser of securities in that offering or in any concurrent
    offering of the securities; and

[_] If the securities are offered for subscription upon exercise of rights, the
    securities were purchased on or before the fourth day before the day on
    which the rights offering terminated.

FIRM COMMITMENT OFFERING (CHECK ONE)

[X]  YES  The securities were offered pursuant to an underwriting or similar
[_]  NO   agreement under which the underwriters were committed to purchase
          all of the securities being offered, except those purchased by
          others pursuant to a rights offering, if the underwriters purchased
          any of the securities.

NO BENEFIT TO AFFILIATED UNDERWRITER (CHECK ONE)

[X]  YES  No affiliated underwriter was a direct or indirect participant in,
[_]  NO   or benefited directly or indirectly from, the transaction.


Completed by:            Dipankar Banerjee               Date:  11-07-2016
                         ------------------------------         ---------------
                         Global Syndicate Team Member

Approved by:                                             Date:
                         ------------------------------         ---------------
                         Global Syndicate Team Member

                                                                          LOGO


DEFINITIONS



TERM                       DEFINITION
                        
Fund Ratio                 Number appearing at the bottom of page 1 of 2 of
                           the Rule 10f-3 Report form. It is the sum of the
                           Funds' participation in the offering by the Funds
                           and other accounts managed by BlackRock divided by
                           the total amount of the offering.

Eligible Foreign Offering  The securities are sold in a public offering
                           conducted under the laws of a country other than
                           the United States and

                           (a) the offering is subject to regulation in such
                               country by a "foreign financial regulatory
                               authority," as defined in Section 2(a)(50) of
                               the Investment Company Act of 1940;

                           (b) the securities were offered at a fixed price to
                               all purchasers in the offering (except for any
                               rights to purchase securities that are required
                               by law to be granted to existing security
                               holders of the issuer);

                           (c) financial statements, prepared and audited as
                               required or permitted by the appropriate
                               foreign financial regulatory authority in such
                               country, for the two years prior to the
                               offering, were made available to the public and
                               prospective purchasers in connection with the
                               offering; and

                           (d) if the issuer is a "domestic issuer," i.e.,
                               other than a foreign government, a national of
                               any foreign country, or a corporation or other
                               organization incorporated or organized under
                               the laws of any foreign country, it (1) has a
                               class of securities registered pursuant to
                               section 12(b) or 12(g) of the Securities
                               Exchange Act of 1934 or is required to file
                               reports pursuant to section 15(d) of that act,
                               and (2) has filed all the material required to
                               be filed pursuant to section 13(a) or 15(d) of
                               that act for a period of at least 12 months
                               immediately preceding the sale of securities
                               (or for such shorter period that the issuer was
                               required to file such material)



                                                                          LOGO




TERM                              DEFINITION
                               
Eligible Municipal Securities     The securities:

                                  (a) are direct obligations of, or obligations
                                      guaranteed as to principal or interest by,
                                      a State or any political subdivision
                                      thereof, or any agency or instrumentality
                                      of a State or any political subdivision
                                      thereof, or any municipal corporate
                                      instrumentality of one or more States, or
                                      any security which is an industrial
                                      development bond (as defined in section
                                      103(c)(2) of Title 26) the interest on
                                      which is excludable from gross income
                                      under certain provisions of the Internal
                                      Revenue Code;

                                  (b) are sufficiently liquid that they can be
                                      sold at or near their carrying value
                                      within a reasonably short period of time;
                                      and

                                  (c) either

                                      (1)  are subject to no greater than
                                           moderate credit risk; or

                                      (2)  if the issuer of the municipal
                                           securities, or the entity supplying
                                           the revenues or other payments from
                                           which the issue is to be paid, has
                                           been in continuous operation for less
                                           than three years, including the
                                           operation of any predecessors, the
                                           securities are subject to a minimal
                                           or low amount of credit risk.

                                  Also, purchases of municipal securities may
                                  not be designated as group sales or otherwise
                                  allocated to the account of any prohibited
                                  seller (i.e., an affiliated underwriter).

Eligible Rule 144A Offering       The securities are sold in an offering where

                                  (a) the securities are offered or sold in
                                      transactions exempt from registration
                                      under Section 4(2) of the Securities Act
                                      of 1933, Rule 144A thereunder, or Rules
                                      501-508 thereunder;

                                  (b) the securities were sold to persons that
                                      the seller and any person acting on behalf
                                      of the seller reasonably believe to
                                      include qualified institutional buyers, as
                                      defined in Rule 144A ("QIBs"); and

                                  (c) the seller and any person acting on behalf
                                      of the seller reasonably believe that the
                                      securities are eligible for resale to
                                      other QIBs pursuant to Rule 144A.

Government Securities Offering    The security is issued or guaranteed as to
                                  principal or interest by the United States, or
                                  by a person controlled or supervised by and
                                  acting as an instrumentality of the Government
                                  of the United States pursuant to authority
                                  granted by the Congress of the United States;
                                  or any certificate of deposit for any of the
                                  foregoing.

U.S. Registered Public Offering.  The securities offered are registered under
                                  the Securities Act of 1933 that are being
                                  offered to the public.




LOGO

 Rule 10f-3 Transaction Form

 Acquisition of Securities During Affiliated Underwritings


PARTICIPATING FUNDS

[_]  U.S. Registered Funds (Name of Fund, Aladdin Ticker):
     ISHARES NATIONAL MUNI BOND ETF (ISHMUNI)
     ISHARES NEW YORK MUNI BOND ETF (ISHNY)
     BlackRock Municipal Income Investment Quality Trust (BAF)
     BlackRock Allocation Target Shares : Series E Portfolio (BATSE)
     BlackRock Municipal Income Investment Trust (BBF)
     BlackRock Municipal Bond Trust (BBK)
     BlackRock Investment Quality Municipal Trust (BKN)
     BlackRock Strategic Municipal Trust (BSD)
     BlackRock Long-Term Municipal Advantage Trust (BTA)
     BlackRock MuniYield Investment Quality Fund (MFT)

THE OFFERING

KEY CHARACTERISTICS (COMPLETE ALL FIELDS)

Date of                    08-03-2016
Offering Commencement:

Security Type:             BND/MUNI

Issuer                     The City of New York General Obligation Bonds,
                           Series 2017-A-1

Selling Underwriter        GOLDMAN SACHS & CO.

Affiliated Underwriter(s)  [X] PNC Capital Markets LLC
                           [_] Other:

List of Underwriter(s)     Goldman Sachs & Co, Merrill Lynch, Pierce, Fenner &
                           Smith Incorporated, Citigroup Global Markets Inc.,
                           Jefferies & Company, Inc., J.P. Morgan Securities
                           LLC, Loop Capital Markets, LLC, Ramirez & Co., Inc,
                           RBC Capital Markets, Siebert Brandford Shank & Co.,
                           L.L.C., Wells Fargo Securities, LLC, Barclays Bank
                           PLC, BNY Mellon Capital Markets, LLC, Drexel
                           Hamilton, LLC, Fidelity Capital Markets, Janney
                           Montgomery Scott LLC, Mizuho Securities USA Inc,
                           Morgan Stanley & Co. LLC, Oppenheimer & Co, Raymond
                           James & Associates, Inc., Roosevelt & Cross, Inc,
                           Stifel, Nicolaus & Company, Inc., TD Securities
                           (USA) LLC, U.S. Bancorp Investments, Inc, Academy
                           Securities, Inc., Blaylock Beal Van, LLC, FTN
                           Financial Securities Corp., Hilltop Securities, PNC
                           Capital Markets LLC, Rice Financial Products
                           Company, Stern Brothers & Co., The Williams Capital
                           Group, L.P

TRANSACTION DETAILS

Date of Purchase           08-03-2016

Purchase Price/Share       $122.202
(PER SHARE / % OF PAR)       (2.47)
                           $111.370
                             (2.69) Total Commission, Spread or Profit  0.441%
                           --------                                     ------

                                                                    Page 1 of 2

                                                                          LOGO


1.  Aggregate Principal Amount Purchased (a+b)                     $ 24,485,000
                                                                   ------------

    a.  US Registered Funds
        (Appendix attached with individual Fund/Client purchase)   $ 17,320,000
                                                                   ------------

    b.  Other BlackRock Clients                                    $  7,165,000
                                                                   ------------

2.  Aggregate Principal Amount of Offering                         $800,000,000
                                                                   ------------
FUND RATIO
[Divide Sum of #1 by #2]
Must be less than 0.25                                                  0.03061

                                                                          LOGO


LEGAL REQUIREMENTS

OFFERING TYPE (CHECK ONE)

The securities fall into one of the following transaction types (see
Definitions):

[_] U.S. Registered Public Offering... [Issuer must have 3 years of continuous
                                       operations]

[_] Eligible Rule 144A Offering....... [Issuer must have 3 years of continuous
                                       operations]

[X] Eligible Municipal Securities

[_] Eligible Foreign Offering......... [Issuer must have 3 years of continuous
                                       operations]

[_] Government Securities Offering.... [Issuer must have 3 years of continuous
                                       operations]

TIMING AND PRICE (CHECK ONE OR BOTH)

[X] The securities were purchased before the end of the first day on which any
    sales were made, at a price that was not more than the price paid by each
    other purchaser of securities in that offering or in any concurrent
    offering of the securities; and

[_] If the securities are offered for subscription upon exercise of rights, the
    securities were purchased on or before the fourth day before the day on
    which the rights offering terminated.

FIRM COMMITMENT OFFERING (CHECK ONE)

[X]  YES  The securities were offered pursuant to an underwriting or similar
[_]  NO   agreement under which the underwriters were committed to purchase
          all of the securities being offered, except those purchased by
          others pursuant to a rights offering, if the underwriters purchased
          any of the securities.

NO BENEFIT TO AFFILIATED UNDERWRITER (CHECK ONE)

[X]  YES  No affiliated underwriter was a direct or indirect participant in,
[_]  NO   or benefited directly or indirectly from, the transaction.


Completed by:            Dipankar Banerjee               Date:  08-09-2016
                         ------------------------------         ---------------
                         Global Syndicate Team Member

Approved by:             Steven DeLaura                  Date:  08-09-2016
                         ------------------------------         ---------------
                         Global Syndicate Team Member

                                                                          LOGO


DEFINITIONS



TERM                                DEFINITION
                                 
Fund Ratio                          Number appearing at the bottom of page 1 of 2 of
                                    the Rule 10f-3 Report form. It is the sum of the
                                    Funds' participation in the offering by the Funds
                                    and other accounts managed by BlackRock divided by
                                    the total amount of the offering.

Eligible Foreign Offering           The securities are sold in a public offering
                                    conducted under the laws of a country other than
                                    the United States and

                                    (a) the offering is subject to regulation in such
                                        country by a "foreign financial regulatory
                                        authority," as defined in Section 2(a)(50) of
                                        the Investment Company Act of 1940;

                                    (b) the securities were offered at a fixed price to
                                        all purchasers in the offering (except for any
                                        rights to purchase securities that are required
                                        by law to be granted to existing security
                                        holders of the issuer);

                                    (c) financial statements, prepared and audited as
                                        required or permitted by the appropriate
                                        foreign financial regulatory authority in such
                                        country, for the two years prior to the
                                        offering, were made available to the public and
                                        prospective purchasers in connection with the
                                        offering; and

                                    (d) if the issuer is a "domestic issuer," i.e.,
                                        other than a foreign government, a national of
                                        any foreign country, or a corporation or other
                                        organization incorporated or organized under
                                        the laws of any foreign country, it (1) has a
                                        class of securities registered pursuant to
                                        section 12(b) or 12(g) of the Securities
                                        Exchange Act of 1934 or is required to file
                                        reports pursuant to section 15(d) of that act,
                                        and (2) has filed all the material required to
                                        be filed pursuant to section 13(a) or 15(d) of
                                        that act for a period of at least 12 months
                                        immediately preceding the sale of securities
                                        (or for such shorter period that the issuer was
                                        required to file such material)



                                                                          LOGO




TERM                                DEFINITION
                                 
Eligible Municipal Securities       The securities:

                                    (a) are direct obligations of, or obligations
                                        guaranteed as to principal or interest by,
                                        a State or any political subdivision
                                        thereof, or any agency or instrumentality
                                        of a State or any political subdivision
                                        thereof, or any municipal corporate
                                        instrumentality of one or more States, or
                                        any security which is an industrial
                                        development bond (as defined in section
                                        103(c)(2) of Title 26) the interest on
                                        which is excludable from gross income
                                        under certain provisions of the Internal
                                        Revenue Code;

                                    (b) are sufficiently liquid that they can be
                                        sold at or near their carrying value
                                        within a reasonably short period of time;
                                        and

                                    (c) either

                                        (1) are subject to no greater than
                                            moderate credit risk; or

                                        (2) if the issuer of the municipal
                                            securities, or the entity supplying
                                            the revenues or other payments from
                                            which the issue is to be paid, has
                                            been in continuous operation for less
                                            than three years, including the
                                            operation of any predecessors, the
                                            securities are subject to a minimal or
                                            low amount of credit risk.

                                    Also, purchases of municipal securities may
                                    not be designated as group sales or otherwise
                                    allocated to the account of any prohibited
                                    seller (i.e., an affiliated underwriter).

Eligible Rule 144A Offering         The securities are sold in an offering where

                                    (a) the securities are offered or sold in
                                        transactions exempt from registration
                                        under Section 4(2) of the Securities Act
                                        of 1933, Rule 144A thereunder, or Rules
                                        501-508 thereunder;

                                    (b) the securities were sold to persons that
                                        the seller and any person acting on behalf
                                        of the seller reasonably believe to
                                        include qualified institutional buyers, as
                                        defined in Rule 144A ("QIBs"); and

                                    (c) the seller and any person acting on behalf
                                        of the seller reasonably believe that the
                                        securities are eligible for resale to
                                        other QIBs pursuant to Rule 144A.

Government Securities Offering      The security is issued or guaranteed as to
                                    principal or interest by the United States, or
                                    by a person controlled or supervised by and
                                    acting as an instrumentality of the Government
                                    of the United States pursuant to authority
                                    granted by the Congress of the United States;
                                    or any certificate of deposit for any of the
                                    foregoing.

U.S. Registered Public Offering.    The securities offered are registered under
                                    the Securities Act of 1933 that are being
                                    offered to the public.

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