Submission Parts
1 |
SEC Form |
|
BLACKROCK NEW JERSEY MUNICIPAL BOND TRUST |
2 |
SEC Form |
|
CERTIFICATION PURSUANT TO SECTION 302 |
BLACKROCK NEW JERSEY MUNICIPAL BOND TRUST
BLACKROCK NEW JERSEY MUNICIPAL BOND TRUST
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY Investment
Company Act file number: 811-21050 Name of Fund: BlackRock New Jersey Municipal Bond Trust (BLJ)
Fund Address: 100 Bellevue Parkway, Wilmington, DE 19809
Name and address of agent for service: John M. Perlowski, Chief Executive Officer, BlackRock New Jersey
Municipal Bond Trust, 55 East 52nd Street, New York, NY 10055 Registrants telephone number, including area code: (800) 882-0052, Option 4 Date of fiscal year end: 08/31/2017
Date of reporting period: 05/31/2017
Item 1 Schedule of Investments
|
|
|
Schedule of Investments May 31, 2017 (Unaudited) |
|
BlackRock New Jersey Municipal Bond Trust (BLJ)
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
Municipal Bonds |
|
Par (000) |
|
|
Value |
|
New Jersey 138.2% |
|
Corporate 10.3% |
|
|
|
|
|
|
County of Middlesex New Jersey Improvement Authority, RB, Heldrich Center Hotel, Sub-Series B, 6.25%, 1/01/37
(a)(b) |
|
$ |
560 |
|
|
$ |
21,706 |
|
County of Salem New Jersey Pollution Control Financing Authority, Refunding RB, Atlantic City Electric, Series A, 4.88%,
6/01/29 |
|
|
750 |
|
|
|
805,350 |
|
New Jersey EDA, RB, Continental Airlines, Inc. Project, AMT, Series B, 5.63%, 11/15/30 |
|
|
1,550 |
|
|
|
1,743,006 |
|
New Jersey EDA, Refunding RB: |
|
|
|
|
|
|
|
|
Duke Farms Foundation Project, 4.00%, 7/01/46 |
|
|
185 |
|
|
|
196,657 |
|
New Jersey American Water Co., Inc. Project, AMT, Series A, 5.70%, 10/01/39 |
|
|
500 |
|
|
|
541,830 |
|
New Jersey American Water Co., Inc. Project, AMT, Series B, 5.60%, 11/01/34 |
|
|
395 |
|
|
|
431,095 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,739,644 |
|
County/City/Special District/School District 23.9% |
|
|
|
|
City of Bayonne New Jersey, GO, Refunding, Qualified General Improvement, (BAM): |
|
|
|
|
|
|
|
|
5.00%, 7/01/33 |
|
|
150 |
|
|
|
170,753 |
|
5.00%, 7/01/35 |
|
|
235 |
|
|
|
265,538 |
|
City of Margate New Jersey, GO, Refunding, Improvement (c): |
|
|
|
|
|
|
|
|
5.00%, 1/15/21 |
|
|
230 |
|
|
|
257,968 |
|
5.00%, 1/15/21 |
|
|
110 |
|
|
|
123,211 |
|
County of Essex New Jersey Improvement Authority, RB, AMT, 5.25%, 7/01/45 (d) |
|
|
610 |
|
|
|
613,416 |
|
County of Essex New Jersey Improvement Authority, Refunding RB, Project Consolidation (NPFGC): |
|
|
|
|
|
|
|
|
5.50%, 10/01/28 |
|
|
400 |
|
|
|
522,736 |
|
5.50%, 10/01/29 |
|
|
790 |
|
|
|
1,038,937 |
|
County of Hudson New Jersey Improvement Authority, RB, Harrison Parking Facility Project, Series C (AGC),
5.38%, 1/01/44 |
|
|
800 |
|
|
|
844,688 |
|
County of Mercer New Jersey Improvement Authority, RB, Courthouse Annex Project, 5.00%, 9/01/40 |
|
|
235 |
|
|
|
268,191 |
|
|
|
|
|
|
|
|
|
|
Municipal Bonds |
|
Par (000) |
|
|
Value |
|
New Jersey (continued) |
|
County/City/Special District/School District (continued) |
|
|
|
|
County of Middlesex New Jersey, COP, Refunding, Civic Square IV Redevelopment, 5.00%, 10/15/31 |
|
$ |
440 |
|
|
$ |
538,868 |
|
County of Union New Jersey Improvement Authority, LRB, Guaranteed Lease, Family Court Building Project,
5.00%, 5/01/42 |
|
|
180 |
|
|
|
203,485 |
|
County of Union New Jersey Utilities Authority, Refunding RB, Solid Waste System, County Deficiency Agreement, Series A, 5.00%,
6/15/41 |
|
|
685 |
|
|
|
747,910 |
|
Monroe Township Board of Education Middlesex County, GO, Refunding, 5.00%, 3/01/38 |
|
|
265 |
|
|
|
302,577 |
|
New Brunswick New Jersey Parking Authority, Refunding RB, City Guaranteed, Series A (BAM), 5.00%, 9/01/39 |
|
|
115 |
|
|
|
132,750 |
|
New Jersey EDA, Refunding RB, Special Assessment, Kapkowski Road Landfill Project, 6.50%, 4/01/28 |
|
|
2,250 |
|
|
|
2,651,400 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
8,682,428 |
|
Education 28.9% |
|
County of Atlantic New Jersey Improvement Authority, RB, Stockton University Atlantic City, Series A (AGM),
4.00%, 7/01/46 |
|
|
200 |
|
|
|
206,930 |
|
New Jersey EDA, RB: |
|
|
|
|
|
|
|
|
Leap Academy Charter School, Series A, 6.00%, 10/01/34 |
|
|
100 |
|
|
|
101,469 |
|
School Facilities Construction (AGC), 5.50%, 12/15/18 (c) |
|
|
350 |
|
|
|
374,727 |
|
School Facilities Construction (AGC), 5.50%, 12/15/34 |
|
|
5 |
|
|
|
5,280 |
|
Team Academy Charter School Project, 6.00%, 10/01/33 |
|
|
455 |
|
|
|
510,847 |
|
New Jersey EDA, Refunding RB, Greater Brunswick Charter School, Inc. Project, Series A, 5.63%, 8/01/34 (d) |
|
|
215 |
|
|
|
212,766 |
|
New Jersey Educational Facilities Authority, RB, Higher Educational Capital Improvement Fund, Series A,
5.00%, 9/01/32 |
|
|
500 |
|
|
|
515,910 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
BLACKROCK NEW JERSEY MUNICIPAL BOND TRUST |
|
MAY 31, 2017 |
|
1 |
|
|
|
Schedule of Investments (continued) |
|
BlackRock New Jersey Municipal Bond Trust (BLJ) |
|
|
|
|
|
|
|
|
|
Municipal Bonds |
|
Par (000) |
|
|
Value |
|
New Jersey (continued) |
|
Education (continued) |
|
New Jersey Educational Facilities Authority, Refunding RB: |
|
|
|
|
|
|
|
|
City of New Jersey University Issue, Series D, 4.00%, 7/01/35 |
|
$ |
175 |
|
|
$ |
181,202 |
|
College of New Jersey, Series D (AGM), 5.00%, 7/01/18 (c) |
|
|
690 |
|
|
|
720,884 |
|
College of New Jersey, Series F, 4.00%, 7/01/35 |
|
|
125 |
|
|
|
130,319 |
|
Georgian Court University, Series D, 5.00%, 7/01/33 |
|
|
150 |
|
|
|
150,246 |
|
Kean University, Series A, 5.50%, 9/01/36 |
|
|
700 |
|
|
|
757,162 |
|
Montclair State University, Series A, 5.00%, 7/01/44 |
|
|
1,600 |
|
|
|
1,797,376 |
|
Montclair State University, Series B, 5.00%, 7/01/33 |
|
|
100 |
|
|
|
116,055 |
|
New Jersey Institute of Technology, Series H, 5.00%, 7/01/31 |
|
|
210 |
|
|
|
229,108 |
|
Ramapo College, Series B, 5.00%, 7/01/42 |
|
|
85 |
|
|
|
93,526 |
|
Seton Hall University, Series D, 5.00%, 7/01/38 |
|
|
105 |
|
|
|
117,462 |
|
Stevens Institute of Technology, Series A, 5.00%, 7/01/42 |
|
|
100 |
|
|
|
114,571 |
|
New Jersey Higher Education Student Assistance Authority, RB, Student Loan, Series 1A, AMT, 5.00%, 12/01/22 |
|
|
915 |
|
|
|
1,032,696 |
|
New Jersey Higher Education Student Assistance Authority, Refunding RB: |
|
|
|
|
|
|
|
|
Series 1, AMT, 5.75%, 12/01/29 |
|
|
460 |
|
|
|
506,281 |
|
Series 1A, 5.00%, 12/01/25 |
|
|
100 |
|
|
|
105,805 |
|
Series 1A, 5.00%, 12/01/26 |
|
|
75 |
|
|
|
78,532 |
|
Series 1A, 5.25%, 12/01/32 |
|
|
300 |
|
|
|
317,181 |
|
Student Loan, Series 1A, 5.13%, 12/01/27 |
|
|
185 |
|
|
|
193,982 |
|
New Jersey Institute of Technology, RB, Series A: |
|
|
|
|
|
|
|
|
5.00%, 7/01/40 |
|
|
500 |
|
|
|
567,455 |
|
5.00%, 7/01/45 |
|
|
220 |
|
|
|
248,673 |
|
|
|
|
|
|
|
|
|
|
Municipal Bonds |
|
Par (000) |
|
|
Value |
|
New Jersey (continued) |
|
Education (continued) |
|
Rutgers - The State University of New Jersey, Refunding RB, Series L, 5.00%, 5/01/43 |
|
$ |
985 |
|
|
$ |
1,102,954 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10,489,399 |
|
Health 11.4% |
|
|
|
|
|
|
New Jersey EDA, Refunding RB, Lions Gate Project, 5.25%, 1/01/44 |
|
|
135 |
|
|
|
139,775 |
|
New Jersey Health Care Facilities Financing Authority, RB: |
|
|
|
|
|
|
|
|
Hospitall Asset Transformation Program, Series A, 5.25%, 10/01/38 |
|
|
390 |
|
|
|
396,552 |
|
Meridian Health System Obligated Group, Series I (AGC), 5.00%, 7/01/18 (c) |
|
|
235 |
|
|
|
245,441 |
|
Robert Wood Johnson University Hospital, Series A, 5.50%, 7/01/43 |
|
|
230 |
|
|
|
262,573 |
|
Virtua Health, Series A (AGC), 5.50%, 7/01/38 |
|
|
400 |
|
|
|
431,920 |
|
New Jersey Health Care Facilities Financing Authority, Refunding RB: |
|
|
|
|
|
|
|
|
AHS Hospital Corp., 6.00%, 7/01/21 (c) |
|
|
610 |
|
|
|
729,023 |
|
Princeton Healthcare System, 5.00%, 7/01/39 |
|
|
250 |
|
|
|
282,068 |
|
RWJ Barnabas Health Obligated Group, Series A, 4.00%, 7/01/43 |
|
|
235 |
|
|
|
242,591 |
|
RWJ Barnabas Health Obligated Group, Series A, 5.00%, 7/01/43 |
|
|
310 |
|
|
|
350,284 |
|
St. Barnabas Health Care System, Series A, 5.63%, 7/01/21 (c) |
|
|
180 |
|
|
|
212,038 |
|
St. Barnabas Health Care System, Series A, 5.63%, 7/01/21 (c) |
|
|
505 |
|
|
|
594,885 |
|
St. Josephs Healthcare System Obligated Group, 5.00%, 7/01/41 |
|
|
110 |
|
|
|
120,498 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2 |
|
BLACKROCK NEW JERSEY MUNICIPAL BOND TRUST |
|
MAY 31, 2017 |
|
|
|
|
|
Schedule of Investments (continued) |
|
BlackRock New Jersey Municipal Bond Trust (BLJ) |
|
|
|
|
|
|
|
|
|
Municipal Bonds |
|
Par (000) |
|
|
Value |
|
New Jersey (continued) |
|
Health (continued) |
|
|
|
|
|
|
New Jersey Health Care Facilities Financing Authority, Refunding RB (continued): |
|
|
|
|
|
|
|
|
St. Josephs Healthcare System Obligated Group, 4.00%, 7/01/48 |
|
$ |
155 |
|
|
$ |
151,686 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4,159,334 |
|
Housing 2.1% |
|
|
|
|
|
|
New Jersey Housing & Mortgage Finance Agency, RB: |
|
|
|
|
|
|
|
|
M/F Housing, Series A, 4.75%, 11/01/29 |
|
|
370 |
|
|
|
385,607 |
|
S/F Housing, Series AA, 6.38%, 10/01/28 |
|
|
30 |
|
|
|
30,935 |
|
S/F Housing, Series AA, 6.50%, 10/01/38 |
|
|
5 |
|
|
|
5,149 |
|
S/F Housing, Series CC, 5.00%, 10/01/34 |
|
|
225 |
|
|
|
231,619 |
|
New Jersey Housing & Mortgage Finance Agency, Refunding RB, Series D, AMT, 4.25%, 11/01/37 |
|
|
120 |
|
|
|
122,952 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
776,262 |
|
State 22.4% |
|
|
|
|
|
|
Casino Reinvestment Development Authority, Refunding RB, 5.25%, 11/01/44 |
|
|
870 |
|
|
|
887,626 |
|
Garden State Preservation Trust, RB, CAB, Series B (AGM), 0.00%, 11/01/27 (e) |
|
|
4,000 |
|
|
|
2,889,400 |
|
New Jersey EDA, RB, Motor Vehicle Surcharge, Series A (NPFGC), 5.25%, 7/01/25 |
|
|
500 |
|
|
|
588,070 |
|
New Jersey EDA, Refunding RB: |
|
|
|
|
|
|
|
|
Cigarette Tax, 5.00%, 6/15/28 |
|
|
255 |
|
|
|
274,456 |
|
Cigarette Tax, 5.00%, 6/15/29 |
|
|
500 |
|
|
|
535,755 |
|
Cigarette Tax (AGM), 5.00%, 6/15/22 |
|
|
750 |
|
|
|
849,780 |
|
School Facilities Construction, Series AA, 5.50%, 6/15/19 (c) |
|
|
335 |
|
|
|
365,951 |
|
School Facilities Construction, Series AA, 5.50%, 12/15/29 |
|
|
165 |
|
|
|
172,770 |
|
School Facilities Construction, Series GG, 5.25%, 9/01/27 |
|
|
1,295 |
|
|
|
1,366,005 |
|
|
|
|
|
|
|
|
|
|
Municipal Bonds |
|
Par (000) |
|
|
Value |
|
New Jersey (continued) |
|
State (continued) |
|
|
|
|
|
|
State of New Jersey, COP, Equipment Lease Purchase, Series A, 5.25%, 6/15/19 (c) |
|
$ |
200 |
|
|
$ |
217,004 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
8,146,817 |
|
Transportation 38.1% |
|
|
|
|
|
|
Delaware River Port Authority, RB, Series D, 5.00%, 1/01/40 |
|
|
250 |
|
|
|
271,225 |
|
New Jersey EDA, RB, Goethals Bridge Replacement Project, AMT, Private Activity Bond, 5.38%, 1/01/43 |
|
|
1,360 |
|
|
|
1,520,684 |
|
New Jersey State Turnpike Authority, RB: |
|
|
|
|
|
|
|
|
Series A, 5.00%, 1/01/35 |
|
|
125 |
|
|
|
146,139 |
|
Series A, 5.00%, 1/01/38 |
|
|
1,175 |
|
|
|
1,320,371 |
|
Series A, 5.00%, 1/01/43 |
|
|
500 |
|
|
|
556,535 |
|
Series E, 5.25%, 1/01/40 |
|
|
370 |
|
|
|
390,609 |
|
Series E, 5.00%, 1/01/45 |
|
|
720 |
|
|
|
810,245 |
|
New Jersey Transportation Trust Fund Authority, RB: |
|
|
|
|
|
|
|
|
CAB, Transportation System, Series C (AGM), 0.00%, 12/15/32 (e) |
|
|
1,250 |
|
|
|
652,275 |
|
Federal Highway Reimbursement Revenue Notes, Series A, 5.00%, 6/15/30 |
|
|
125 |
|
|
|
134,411 |
|
Federal Highway Reimbursement Revenue Notes, Series A-2, 5.00%, 6/15/30 |
|
|
805 |
|
|
|
825,004 |
|
Transportation Program, Series AA, 5.00%, 6/15/38 |
|
|
705 |
|
|
|
720,080 |
|
Transportation Program, Series AA, 5.25%, 6/15/41 |
|
|
480 |
|
|
|
503,722 |
|
Transportation System, 6.00%, 12/15/38 |
|
|
325 |
|
|
|
345,420 |
|
Transportation System, Series A, 6.00%, 6/15/35 |
|
|
1,275 |
|
|
|
1,383,553 |
|
Transportation System, Series A, 5.88%, 12/15/38 |
|
|
555 |
|
|
|
585,952 |
|
Transportation System, Series A, 5.50%, 6/15/41 |
|
|
830 |
|
|
|
862,495 |
|
Transportation System, Series A (AGC), 5.63%, 12/15/28 |
|
|
200 |
|
|
|
214,098 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
BLACKROCK NEW JERSEY MUNICIPAL BOND TRUST |
|
MAY 31, 2017 |
|
3 |
|
|
|
Schedule of Investments (continued) |
|
BlackRock New Jersey Municipal Bond Trust (BLJ) |
|
|
|
|
|
|
|
|
|
Municipal Bonds |
|
Par (000) |
|
|
Value |
|
New Jersey (continued) |
|
Transportation (continued) |
|
|
|
|
|
|
New Jersey Transportation Trust Fund Authority, RB (continued): |
|
|
|
|
|
|
|
|
Transportation System, Series AA, 5.50%, 6/15/39 |
|
$ |
425 |
|
|
$ |
450,704 |
|
Port Authority of New York & New Jersey, ARB, Special Project, JFK International Air Terminal LLC Project, Series 8, 6.00%,
12/01/42 |
|
|
450 |
|
|
|
506,655 |
|
Port Authority of New York & New Jersey, Refunding ARB, Consolidated: |
|
|
|
|
|
|
|
|
166th Series, 5.25%, 7/15/36 |
|
|
500 |
|
|
|
560,525 |
|
172nd Series, AMT, 5.00%, 10/01/34 |
|
|
1,000 |
|
|
|
1,103,530 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
13,864,232 |
|
Utilities 1.1% |
|
|
|
|
|
|
Rahway Valley Sewerage Authority, RB, CAB, Series A (NPFGC), 0.00%, 9/01/33
(e) |
|
|
650 |
|
|
|
379,444 |
|
Total Municipal Bonds in New Jersey |
|
|
|
50,237,560 |
|
|
|
|
|
|
|
|
|
|
Puerto Rico 1.1% |
|
|
|
|
|
|
Tobacco 1.1% |
|
|
|
|
|
|
Childrens Trust Fund, Refunding RB, Tobacco Settlement, Asset-Backed Bonds: |
|
|
|
|
|
|
|
|
5.50%, 5/15/39 |
|
|
210 |
|
|
|
211,029 |
|
5.63%, 5/15/43 |
|
|
200 |
|
|
|
200,130 |
|
Total Municipal Bonds in Puerto Rico |
|
|
|
411,159 |
|
Total Municipal Bonds 139.3% |
|
|
|
50,648,719 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Municipal Bonds Transferred to Tender Option Bond Trusts (f) |
|
|
|
|
|
|
New Jersey 23.1% |
|
|
|
|
|
|
County/City/Special District/School District 6.4% |
|
|
|
|
County of Hudson New Jersey Improvement Authority, RB, Hudson County Vocational-Technical Schools Project, 5.25%,
5/01/51 |
|
|
340 |
|
|
|
395,981 |
|
|
|
|
|
|
|
|
|
|
Municipal Bonds Transferred to Tender Option Bond Trusts (f) |
|
Par (000) |
|
|
Value |
|
County of Union New Jersey Utilities Authority, Refunding LRB, Resource Recovery Facility, Covanta Union, Inc., Series A, AMT,
5.25%, 12/01/31 |
|
$ |
1,780 |
|
|
$ |
1,938,811 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,334,792 |
|
Education 2.9% |
|
|
|
|
|
|
Rutgers - The State University of New Jersey, RB, Series F, 5.00%, 5/01/19
(c) |
|
|
991 |
|
|
|
1,067,642 |
|
State 3.0% |
|
|
|
|
|
|
New Jersey EDA, RB, School Facilities Construction (AGC) (c): |
|
|
|
|
|
|
|
|
6.00%, 12/15/18 |
|
|
986 |
|
|
|
1,063,224 |
|
6.00%, 12/15/18 |
|
|
14 |
|
|
|
15,046 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,078,270 |
|
Transportation 10.8% |
|
|
|
|
|
|
New Jersey Transportation Trust Fund Authority, RB, Transportation System: |
|
|
|
|
|
|
|
|
Series A (AMBAC), 5.00%, 12/15/32 |
|
|
600 |
|
|
|
611,412 |
|
Series B, 5.25%, 6/15/36 (g) |
|
|
1,000 |
|
|
|
1,033,978 |
|
Port Authority of New York & New Jersey, RB, Consolidated, 169th Series, AMT, 5.00%, 10/15/41 |
|
|
1,501 |
|
|
|
1,621,716 |
|
Port Authority of New York & New Jersey, Refunding RB, Consolidated, 152nd Series, AMT, 5.25%, 11/01/35 |
|
|
630 |
|
|
|
651,371 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,918,477 |
|
Total Municipal Bonds Transferred to
Tender Option Bond Trusts 23.1% |
|
|
|
8,399,181 |
|
Total Long-Term Investments (Cost $55,434,445) 162.4% |
|
|
|
59,047,900 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Short-Term Securities |
|
Shares |
|
|
|
|
BlackRock Liquidity Funds, MuniCash, Institutional Class, 0.60% (h)(i) |
|
|
99,916 |
|
|
|
99,936 |
|
Total Short-Term Securities
(Cost $99,936) 0.3% |
|
|
|
99,936 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4 |
|
BLACKROCK NEW JERSEY MUNICIPAL BOND TRUST |
|
MAY 31, 2017 |
|
|
|
|
|
Schedule of Investments (continued) |
|
BlackRock New Jersey Municipal Bond Trust (BLJ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Value |
|
Total Investments (Cost $55,534,381*) 162.7% |
|
|
|
|
|
$ |
59,147,836 |
|
Other Assets Less Liabilities 1.6% |
|
|
|
|
|
|
620,691 |
|
Liability for TOB Trust Certificates, Including Interest Expense and Fees Payable (13.1)% |
|
|
|
|
|
|
(4,788,248 |
) |
VRDP Shares, at Liquidation Value, Net of Deferred Offering Costs (51.2)% |
|
|
|
|
|
|
(18,625,755 |
) |
|
|
|
|
|
|
|
|
|
Net Assets Applicable to Common Shares 100.0% |
|
|
|
|
|
$ |
36,354,524 |
|
|
|
|
|
|
|
|
|
|
* |
|
As of May 31, 2017, gross unrealized appreciation and depreciation based on cost for U.S. federal income tax purposes were as follows: |
|
|
|
|
|
Tax cost |
|
$ |
50,851,780 |
|
|
|
|
|
|
Gross unrealized appreciation |
|
$ |
4,201,854 |
|
Gross unrealized depreciation |
|
|
(682,228 |
) |
|
|
|
|
|
Net unrealized appreciation |
|
$ |
3,519,626 |
|
|
|
|
|
|
|
Notes to Schedule of Investments |
(a) |
|
Issuer filed for bankruptcy and/or is in default. |
(b) |
|
Non-income producing security. |
(c) |
|
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. |
(d) |
|
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. |
(f) |
|
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.
|
(g) |
|
All or a portion of security is subject to a recourse agreement. The aggregate maximum potential amount the Trust could ultimately be required to pay under the agreement,
which expires on June 15, 2019, is $776,985. |
(h) |
|
During the period ended May 31, 2017, investments in issuers considered to be an affiliate of the Trust for purposes of Section 2(a)(3) of the Investment Company
Act of 1940, as amended, were as follows: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Affiliate |
|
Shares Held at August 31, 2016 |
|
|
Net Activity |
|
|
Shares Held at May 31, 2017 |
|
|
Value at May 31, 2017 |
|
|
Income |
|
|
Net Realized Gain 1 |
|
|
Change in Unrealized Appreciation (Depreciation) |
|
BlackRock Liquidity Funds, MuniCash, Institutional Class |
|
|
158,167 |
|
|
|
(58,251 |
) |
|
|
99,916 |
|
|
$ |
99,936 |
|
|
$ |
995 |
|
|
$ |
102 |
|
|
|
|
|
|
|
1 |
|
Includes net capital gain distributions. |
(i) |
|
Current yield as of period end. | For Trust compliance
purposes, the Trusts sector classifications refer to one or more of the sector sub-classifications used by one or more widely recognized market indexes or rating group indexes, and/or as defined by the investment adviser. These definitions may
not apply for purposes of this report, which may combine such sector sub-classifications for reporting ease.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
BLACKROCK NEW JERSEY MUNICIPAL BOND TRUST |
|
MAY 31, 2017 |
|
5 |
|
|
|
Schedule of Investments (continued) |
|
BlackRock New Jersey Municipal Bond Trust (BLJ) |
|
|
|
Derivative Financial Instruments Outstanding as of Period End |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Futures Contracts |
|
Contracts Short |
|
Issue |
|
Expiration |
|
Notional Value |
|
|
Unrealized Depreciation |
|
(9) |
|
5-Year U.S. Treasury Note |
|
September 2017 |
|
$ |
1,064,812 |
|
|
$ |
(1,572 |
) |
(18) |
|
10-Year U.S. Treasury Note |
|
September 2017 |
|
$ |
2,273,344 |
|
|
|
(6,841 |
) |
(10) |
|
Long U.S. Treasury Bond |
|
September 2017 |
|
$ |
1,538,125 |
|
|
|
(12,514 |
) |
(2) |
|
Ultra U.S. Treasury Bond |
|
September 2017 |
|
$ |
330,250 |
|
|
|
(3,967 |
) |
Total |
|
|
$ |
(24,894 |
) |
|
|
|
AGC |
|
Assured Guarantee Corp. |
AGM |
|
Assured Guaranty Municipal Corp. |
AMBAC |
|
American Municipal Bond Assurance Corp. |
AMT |
|
Alternative Minimum Tax (subject to) |
ARB |
|
Airport Revenue Bonds |
BAM |
|
Build America Mutual Assurance Co. |
CAB |
|
Capital Appreciation Bonds |
COP |
|
Certificates of Participation |
EDA |
|
Economic Development Authority |
GO |
|
General Obligation Bonds |
LRB |
|
Lease Revenue Bonds |
M/F |
|
Multi-Family |
NPFGC |
|
National Public Finance Guarantee Corp. |
RB |
|
Revenue Bonds |
S/F |
|
Single-Family |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6 |
|
BLACKROCK NEW JERSEY MUNICIPAL BOND TRUST |
|
MAY 31, 2017 |
|
|
|
|
|
Schedule of Investments (continued) |
|
BlackRock New Jersey Municipal Bond Trust (BLJ) |
|
|
|
Fair Value Hierarchy as of Period End |
|
| Various inputs
are used in determining the fair value of investments and derivative financial instruments. These inputs to valuation techniques are categorized into a fair value hierarchy consisting of three broad levels for financial reporting purposes as
follows:
|
|
|
Level 1 unadjusted price quotations in active markets/exchanges for identical assets or liabilities that the Trust has the ability to access
|
|
|
|
Level 2 other observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are active, quoted
prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the assets or liabilities (such as interest rates, yield curves, volatilities, prepayment speeds, loss
severities, credit risks and default rates) or other marketcorroborated inputs) |
|
|
|
Level 3 unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available
(including the Trusts own assumptions used in determining the fair value of investments and derivative 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 BlackRock Global Valuation Methodologies Committee (the Global 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. Level 3 investments may also be adjusted to reflect illiquidity and/or non-transferability, with the amount of such discount estimated by the
Global Valuation Committee in the absence of market information. Changes in valuation techniques may result in transfers into or out of an
assigned level within the hierarchy. In accordance with the Trusts policy, transfers between different levels of the fair value hierarchy are deemed to have occurred as of the beginning of the reporting period. The categorization of a value
determined for investments and derivative financial instruments is based on the pricing transparency of the investments and derivative financial instruments and is not necessarily an indication of the risks associated with investing in those
securities. For information about the Trusts policy regarding valuation of investments and derivative financial instruments, refer to the Trusts most recent financial statements as contained in its semi-annual report.
The following tables summarize the Trusts investments and derivative financial instruments categorized in the disclosure hierarchy:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
|
Total |
|
Assets: |
|
Investments: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Long-Term Investments 1 |
|
|
|
|
|
|
|
|
|
$ |
59,047,900 |
|
|
|
|
|
|
$ |
59,047,900 |
|
Short-Term Investments |
|
|
|
|
|
$ |
99,936 |
|
|
|
|
|
|
|
|
|
|
|
99,936 |
|
|
|
|
|
|
|
|
|
|
Total |
|
|
$ |
99,936 |
|
|
$ |
59,047,900 |
|
|
|
|
|
|
$ |
59,147,836 |
|
|
|
|
|
|
|
|
|
|
Derivative Financial Instruments 2 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest rate contracts |
|
|
$ |
(24,894 |
) |
|
|
|
|
|
|
|
|
|
$ |
(24,894 |
) |
1 |
|
See above Schedule of Investments for values in each sector.
|
2 |
|
Derivative financial instruments are futures contracts which are valued at the
unrealized appreciation (depreciation) on the instrument. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
BLACKROCK NEW JERSEY MUNICIPAL BOND TRUST |
|
MAY 31, 2017 |
|
7 |
|
|
|
Schedule of Investments (concluded) |
|
BlackRock New Jersey Municipal Bond Trust (BLJ) |
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 disclosure hierarchy as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
|
Total |
|
Liabilities: |
|
TOB Trust Certificates |
|
|
|
|
|
$ |
(4,776,430 |
) |
|
|
|
|
|
$ |
(4,776,430 |
) |
VRDP Shares at Liquidation Value |
|
|
|
|
|
|
(18,700,000 |
) |
|
|
|
|
|
|
(18,700,000 |
) |
|
|
|
|
|
Total |
|
|
|
|
|
$ |
(23,476,430 |
) |
|
|
|
|
|
$ |
(23,476,430 |
) |
|
|
|
|
|
During the period ended May 31, 2017, there were no transfers between levels.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
8 |
|
BLACKROCK NEW JERSEY MUNICIPAL BOND TRUST |
|
MAY 31, 2017 |
|
|
|
|
|
Item 2 |
|
Controls and Procedures |
|
|
2(a) |
|
The registrants principal executive and principal financial officers, or persons performing similar functions, have concluded that the registrants disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the 1940 Act)) are effective as of a date within 90 days of the filing of this report based on the evaluation of these controls and
procedures required by Rule 30a-3(b) under the 1940 Act and Rule 13a-15(b) under the Securities Exchange Act of 1934, as amended. |
|
|
2(b) |
|
There were no changes in the registrants internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act) that occurred during the registrants last fiscal
quarter that have materially affected, or are reasonably likely to materially affect, the registrants internal control over financial reporting. |
|
|
Item 3 |
|
Exhibits |
|
|
|
|
Certifications Attached hereto |
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the
registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
|
|
|
BlackRock New Jersey Municipal Bond Trust |
|
|
By: |
|
/s/ John M. Perlowski |
|
|
John M. Perlowski
Chief Executive Officer (principal executive officer) of BlackRock New Jersey Municipal Bond Trust |
Date: July 24, 2017
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following
persons on behalf of the registrant and in the capacities and on the dates indicated.
|
|
|
|
|
By: |
|
/s/ John M. Perlowski |
|
|
John M. Perlowski
Chief Executive Officer (principal executive officer) of BlackRock New Jersey Municipal Bond Trust |
Date: July 24, 2017
|
|
|
|
|
By: |
|
/s/ Neal J. Andrews |
|
|
Neal J. Andrews
Chief Financial Officer (principal financial officer) of BlackRock New Jersey Municipal Bond Trust |
Date: July 24, 2017
CERTIFICATION PURSUANT TO SECTION 302
Certification Pursuant to Section 302
EX-99. CERT
CERTIFICATION PURSUANT TO RULE 30a-2(a) UNDER THE 1940 ACT AND SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002
I, John M. Perlowski, Chief Executive Officer (principal executive officer) of BlackRock New Jersey Municipal Bond Trust, certify that:
1. I have reviewed this report on Form N-Q of BlackRock New Jersey Municipal Bond Trust;
2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state
a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3. Based on my knowledge, the schedules of investments included in this report fairly present in all material
respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;
4. The registrants other certifying officer(s) and I are responsible for establishing and maintaining
disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule
30a-3(d) under the Investment Company Act of 1940) for the registrant and have:
a) designed such disclosure controls and procedures, or caused such disclosure controls and
procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which
this report is being prepared; b) designed such internal control over financial reporting,
or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in
accordance with generally accepted accounting principles; c) evaluated the effectiveness
of the registrants disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on
such evaluation; and d) disclosed in this report any change in the registrants
internal control over financial reporting that occurred during the registrants most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrants internal control over financial
reporting; and 5. The registrants other certifying officer(s) and I have disclosed to the
registrants auditors and the audit committee of the registrants board of directors (or persons performing the equivalent functions):
a) all significant deficiencies and material weaknesses in the design or operation of internal
control over financial reporting which are reasonably likely to adversely affect the registrants ability to record, process, summarize, and report financial information; and
b) any fraud, whether or not material, that involves management or other employees who have a
significant role in the registrants internal control over financial reporting. Date: July 24, 2017
/s/ John M. Perlowski
John M. Perlowski Chief Executive Officer (principal executive
officer) of BlackRock New Jersey Municipal Bond Trust
EX-99. CERT
CERTIFICATION PURSUANT TO RULE 30a-2(a) UNDER THE 1940 ACT AND SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002
I, Neal J. Andrews, Chief Financial Officer (principal financial officer) of BlackRock New Jersey Municipal Bond Trust, certify that:
1. I have reviewed this report on Form N-Q of BlackRock New Jersey Municipal Bond Trust;
2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state
a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3. Based on my knowledge, the schedules of investments included in this report fairly present in all material
respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;
4. The registrants other certifying officer(s) and I are responsible for establishing and maintaining
disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule
30a-3(d) under the Investment Company Act of 1940) for the registrant and have:
a) designed such disclosure controls and procedures, or caused such disclosure controls and
procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which
this report is being prepared; b) designed such internal control over financial reporting,
or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in
accordance with generally accepted accounting principles; c) evaluated the effectiveness
of the registrants disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on
such evaluation; and d) disclosed in this report any change in the registrants
internal control over financial reporting that occurred during the registrants most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrants internal control over financial
reporting; and 5. The registrants other certifying officer(s) and I have disclosed to the
registrants auditors and the audit committee of the registrants board of directors (or persons performing the equivalent functions):
a) all significant deficiencies and material weaknesses in the design or operation of internal
control over financial reporting which are reasonably likely to adversely affect the registrants ability to record, process, summarize, and report financial information; and
b) any fraud, whether or not material, that involves management or other employees who have a
significant role in the registrants internal control over financial reporting. Date: July 24, 2017
/s/ Neal J. Andrews
Neal J. Andrews Chief Financial Officer (principal financial
officer) of BlackRock New Jersey Municipal Bond Trust
|