BLACKROCK MUNIHOLDINGS NEW JERSEY QUALITY FUND, INC.
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 811-08621
Name of Fund: BlackRock MuniHoldings New Jersey Quality
Fund, Inc. (MUJ)
Fund Address: 100 Bellevue Parkway, Wilmington, DE 19809
Name and address of agent for service: John M. Perlowski, Chief Executive Officer, BlackRock
MuniHoldings New Jersey Quality Fund, Inc., 55 East 52nd Street, New York, NY 10055
Registrants telephone number, including area code: (800) 882-0052, Option 4
Date of fiscal year end: 07/31/2018
Date of reporting period: 04/30/2018
Item 1 Schedule of Investments
|
|
|
Schedule of Investments (unaudited)
April 30, 2018 |
|
BlackRock MuniHoldings New Jersey Quality Fund, Inc. (MUJ)
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
Security |
|
Par (000) |
|
|
Value |
|
Municipal Bonds 137.6% |
|
|
New Jersey 137.6% |
|
Corporate 4.4% |
|
New Jersey EDA, RB, Provident Group-Kean Properties, Series A, 5.00%, 07/01/47 |
|
$ |
795 |
|
|
$ |
842,525 |
|
New Jersey EDA, Refunding RB: |
|
|
|
|
|
|
|
|
Duke Farms Foundation Project, 4.00%, 07/01/46 |
|
|
2,770 |
|
|
|
2,866,341 |
|
New Jersey American Water Co., Inc. Project, AMT,
Series A, 5.70%, 10/01/39 |
|
|
7,500 |
|
|
|
7,825,875 |
|
Series B, 5.60%, 11/01/34 |
|
|
3,150 |
|
|
|
3,323,313 |
|
Provident Group-Montclair Properties LLC (AGM), 5.00%, 06/01/42 |
|
|
4,790 |
|
|
|
5,258,653 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
20,116,707 |
|
County/City/Special District/School District 16.6% |
|
Borough of Edgewater New Jersey Board of Education, GO, Refunding (AGM)(a): |
|
|
|
|
|
|
|
|
4.25%, 03/01/20 |
|
|
1,535 |
|
|
|
1,599,286 |
|
4.25%, 03/01/20 |
|
|
1,600 |
|
|
|
1,667,008 |
|
4.30%, 03/01/20 |
|
|
1,670 |
|
|
|
1,741,426 |
|
Casino Reinvestment Development Authority, Refunding RB: |
|
|
|
|
|
|
|
|
5.25%, 11/01/39 |
|
|
11,130 |
|
|
|
11,792,569 |
|
5.25%, 11/01/44 |
|
|
3,755 |
|
|
|
3,979,361 |
|
City of Bayonne New Jersey, GO, Refunding, Qualified General Improvement (BAM), 5.00%, 07/01/39 |
|
|
3,340 |
|
|
|
3,665,583 |
|
City of Perth Amboy New Jersey, GO, CAB, Refunding (AGM): |
|
|
|
|
|
|
|
|
5.00%, 07/01/32 |
|
|
2,210 |
|
|
|
2,213,138 |
|
5.00%, 07/01/33 |
|
|
670 |
|
|
|
670,938 |
|
5.00%, 07/01/35 |
|
|
595 |
|
|
|
595,845 |
|
5.00%, 07/01/37 |
|
|
705 |
|
|
|
705,945 |
|
County of Essex New Jersey, GO, Vocational School, Series B, 3.00%, 09/01/46 |
|
|
2,700 |
|
|
|
2,339,874 |
|
County of Essex New Jersey Improvement Authority, Refunding RB, Project Consolidation (NPFGC): |
|
|
|
|
|
|
|
|
5.50%, 10/01/27 |
|
|
250 |
|
|
|
306,675 |
|
5.50%, 10/01/28 |
|
|
4,840 |
|
|
|
5,983,644 |
|
County of Hudson New Jersey Improvement Authority, RB: |
|
|
|
|
|
|
|
|
CAB, Series A-1 (NPFGC), 0.00%, 12/15/32(b) |
|
|
1,000 |
|
|
|
580,080 |
|
|
|
|
|
|
|
|
|
|
Security |
|
Par (000) |
|
|
Value |
|
County/City/Special District/School District (continued) |
|
County of Hudson New Jersey Improvement Authority, RB (continued): |
|
|
|
|
|
|
|
|
Harrison Parking Facility Project, Series C (AGC), 5.25%, 01/01/39 |
|
$ |
3,000 |
|
|
$ |
3,063,510 |
|
Harrison Parking Facility Project, Series C (AGC), 5.38%, 01/01/44 |
|
|
5,000 |
|
|
|
5,108,900 |
|
County of Middlesex New Jersey Improvement Authority, RB, Senior Citizens Housing Project, AMT (AMBAC),
5.50%, 09/01/30 |
|
|
500 |
|
|
|
501,400 |
|
County of Monmouth New Jersey Improvement Authority, Refunding RB, Governmental Loan (AMBAC): |
|
|
|
|
|
|
|
|
5.00%, 12/01/18 |
|
|
5 |
|
|
|
5,013 |
|
5.38%, 12/01/18 |
|
|
5 |
|
|
|
5,015 |
|
5.00%, 12/01/19 |
|
|
5 |
|
|
|
5,012 |
|
County of Union New Jersey, GO, Refunding(a): |
|
|
|
|
|
|
|
|
4.00%, 03/01/21 |
|
|
75 |
|
|
|
78,852 |
|
4.00%, 03/01/21 |
|
|
70 |
|
|
|
73,595 |
|
4.00%, 03/01/21 |
|
|
80 |
|
|
|
84,109 |
|
4.00%, 03/01/21 |
|
|
3,575 |
|
|
|
3,768,693 |
|
4.00%, 03/01/21 |
|
|
3,580 |
|
|
|
3,773,964 |
|
4.00%, 03/01/21 |
|
|
4,045 |
|
|
|
4,264,158 |
|
County of Union New Jersey Utilities Authority, Refunding RB, Resources Recovery Facility, Covanta Union,
Inc., AMT, Series A, 5.25%, 12/01/31 |
|
|
650 |
|
|
|
710,379 |
|
New Jersey EDA, RB, Motor Vehicle Surcharge, Series
A(c): |
|
|
|
|
|
|
|
|
5.25%, 07/01/26 |
|
|
1,415 |
|
|
|
1,699,542 |
|
(NPFGC), 5.25%, 07/01/25 |
|
|
535 |
|
|
|
632,857 |
|
New Jersey Sports & Exposition Authority, Refunding RB, (NPFGC)(c): |
|
|
|
|
|
|
|
|
5.50%, 03/01/21 |
|
|
7,430 |
|
|
|
8,116,160 |
|
5.50%, 03/01/22 |
|
|
4,200 |
|
|
|
4,701,438 |
|
Township of Irvington New Jersey, GO, Refunding Series A (AGM), 5.00%, 07/15/33 |
|
|
1,175 |
|
|
|
1,290,303 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
75,724,272 |
|
Education 23.5% |
|
|
|
|
|
|
County of Gloucester New Jersey Improvement Authority, RB, Rowan University General Capital Improvement
Projects: |
|
|
|
|
|
|
|
|
5.00%, 07/01/44 |
|
|
1,985 |
|
|
|
2,153,804 |
|
Series A, 5.00%, 07/01/31 |
|
|
1,950 |
|
|
|
2,158,572 |
|
|
|
|
Schedule of Investments (unaudited) (continued)
April 30, 2018 |
|
BlackRock MuniHoldings New Jersey Quality Fund, Inc. (MUJ)
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
Security |
|
Par (000) |
|
|
Value |
|
Education (continued) |
|
|
|
|
|
|
County of Gloucester New Jersey Improvement Authority, RB, Rowan University General Capital Improvement
Projects (continued): |
|
|
|
|
|
|
|
|
Series A, 5.00%, 07/01/32 |
|
$ |
1,775 |
|
|
$ |
1,960,079 |
|
Series A, 5.00%, 07/01/33 |
|
|
2,250 |
|
|
|
2,478,600 |
|
Series A, 5.00%, 07/01/34 |
|
|
1,200 |
|
|
|
1,318,716 |
|
New Jersey EDA, LRB, Rutgers The State University of New Jersey, College Avenue Redevelopment Project,
5.00%, 06/15/33 |
|
|
3,065 |
|
|
|
3,382,902 |
|
New Jersey EDA, RB, Provident Group Rowan Properties LLC, Series A: |
|
|
|
|
|
|
|
|
5.00%, 01/01/35 |
|
|
2,000 |
|
|
|
2,117,080 |
|
5.00%, 01/01/48 |
|
|
2,000 |
|
|
|
2,101,540 |
|
New Jersey Educational Facilities Authority, RB: |
|
|
|
|
|
|
|
|
Higher Educational Capital Improvement Fund, Series A, 5.00%, 09/01/33 |
|
|
5,370 |
|
|
|
5,664,330 |
|
Rider University Issue, Series F, 4.00%, 07/01/42 |
|
|
2,365 |
|
|
|
2,208,295 |
|
Rider University Issue, Series F, 5.00%, 07/01/47 |
|
|
2,185 |
|
|
|
2,311,599 |
|
New Jersey Educational Facilities Authority, Refunding RB: |
|
|
|
|
|
|
|
|
College of New Jersey, Series F, 4.00%, 07/01/35 |
|
|
1,280 |
|
|
|
1,309,517 |
|
Montclair State University, Series A, 5.00%, 07/01/39 |
|
|
15,555 |
|
|
|
17,201,030 |
|
Montclair State University, Series A, 5.00%, 07/01/44 |
|
|
3,540 |
|
|
|
3,899,983 |
|
New Jersey Institute of Technology, Series H, 5.00%, 07/01/31 |
|
|
4,000 |
|
|
|
4,227,440 |
|
Princeton University, Series C, 5.00%, 07/01/29 |
|
|
3,730 |
|
|
|
4,469,099 |
|
Seton Hall University, Series D, 5.00%, 07/01/38 |
|
|
500 |
|
|
|
549,500 |
|
Seton Hall University, Series D, 5.00%, 07/01/43 |
|
|
600 |
|
|
|
655,488 |
|
Stevens Institute of Technology, Series A, 5.00%, 07/01/42 |
|
|
1,150 |
|
|
|
1,273,729 |
|
Stevens Institute of Technology, Series A, 4.00%, 07/01/47 |
|
|
1,145 |
|
|
|
1,154,584 |
|
Stockton University, Series A, 5.00%, 07/01/41 |
|
|
2,370 |
|
|
|
2,536,966 |
|
William Paterson University (AGC),
5.00%, 07/01/18(a) |
|
|
230 |
|
|
|
231,237 |
|
|
|
|
|
|
|
|
|
|
Security |
|
Par (000) |
|
|
Value |
|
Education (continued) |
|
|
|
|
|
|
New Jersey Educational Facilities Authority, Refunding RB (continued): |
|
|
|
|
|
|
|
|
William Paterson University (AGC), 5.00%, 07/01/28 |
|
$ |
20 |
|
|
$ |
20,095 |
|
William Paterson University (AGC), 4.75%, 07/01/34 |
|
|
380 |
|
|
|
381,391 |
|
New Jersey Higher Education Student Assistance Authority, RB, Senior Student Loan, Series 1A, AMT: |
|
|
|
|
|
|
|
|
4.00%, 12/01/28 |
|
|
1,130 |
|
|
|
1,155,617 |
|
4.50%, 12/01/28 |
|
|
2,300 |
|
|
|
2,387,630 |
|
4.00%, 12/01/29 |
|
|
5,475 |
|
|
|
5,579,134 |
|
4.00%, 12/01/29 |
|
|
750 |
|
|
|
761,910 |
|
4.50%, 12/01/29 |
|
|
2,880 |
|
|
|
2,986,013 |
|
4.63%, 12/01/30 |
|
|
2,815 |
|
|
|
2,932,132 |
|
4.00%, 12/01/31 |
|
|
1,220 |
|
|
|
1,235,775 |
|
4.25%, 12/01/32 |
|
|
1,965 |
|
|
|
2,014,007 |
|
4.13%, 12/01/35 |
|
|
750 |
|
|
|
753,870 |
|
4.50%, 12/01/36 |
|
|
1,730 |
|
|
|
1,778,924 |
|
New Jersey Higher Education Student Assistance Authority, Refunding RB, Series 1, AMT: |
|
|
|
|
|
|
|
|
5.38%, 12/01/24 |
|
|
905 |
|
|
|
966,323 |
|
5.50%, 12/01/26 |
|
|
1,085 |
|
|
|
1,151,771 |
|
New Jersey Institute of Technology, RB, Series A: |
|
|
|
|
|
|
|
|
5.00%, 07/01/22(a) |
|
|
2,120 |
|
|
|
2,360,260 |
|
5.00%, 07/01/42 |
|
|
4,825 |
|
|
|
5,201,881 |
|
5.00%, 07/01/45 |
|
|
7,500 |
|
|
|
8,302,200 |
|
Rutgers The State University of New Jersey, Refunding RB, Series L, 5.00%, 05/01/30 |
|
|
1,565 |
|
|
|
1,732,220 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
107,065,243 |
|
Health 17.9% |
|
|
|
|
|
|
County of Camden New Jersey Improvement Authority, Refunding RB, Cooper Healthcare System, Series A, 5.00%,
02/15/33 |
|
|
2,000 |
|
|
|
2,142,820 |
|
New Jersey Health Care Facilities Financing Authority, RB: |
|
|
|
|
|
|
|
|
Inspira Health Obligated Group, 5.00%, 07/01/42 |
|
|
2,270 |
|
|
|
2,514,229 |
|
Meridian Health System Obligated Group, (AGC), Series I, 5.00%, 07/01/18(a) |
|
|
1,390 |
|
|
|
1,397,478 |
|
Meridian Health System Obligated Group, (AGC), Series II, 5.00%, 07/01/18(a) |
|
|
6,865 |
|
|
|
6,901,934 |
|
|
|
|
Schedule of Investments (unaudited) (continued)
April 30, 2018 |
|
BlackRock MuniHoldings New Jersey Quality Fund, Inc. (MUJ)
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
Security |
|
Par (000) |
|
|
Value |
|
Health (continued) |
|
|
|
|
|
|
New Jersey Health Care Facilities Financing Authority, RB (continued): |
|
|
|
|
|
|
|
|
Meridian Health System Obligated Group, Series V (AGC), 5.00%, 07/01/18(a) |
|
$ |
4,625 |
|
|
$ |
4,649,883 |
|
Robert Wood Johnson University Hospital, Series A, 5.50%, 07/01/43 |
|
|
7,105 |
|
|
|
7,973,871 |
|
Virtua Health, Series A (AGC), 5.50%, 07/01/38 |
|
|
4,035 |
|
|
|
4,194,181 |
|
New Jersey Health Care Facilities Financing Authority, Refunding RB: |
|
|
|
|
|
|
|
|
AHS Hospital Corp., 5.50%, 07/01/21(a) |
|
|
4,055 |
|
|
|
4,483,978 |
|
AHS Hospital Corp., 6.00%, 07/01/21(a) |
|
|
4,180 |
|
|
|
4,685,905 |
|
Catholic Health East Issue, 5.00%, 11/15/33 |
|
|
1,925 |
|
|
|
2,052,801 |
|
Hackensack University Medical Center (AGM), 4.63%,
01/01/20(a) |
|
|
7,795 |
|
|
|
8,128,002 |
|
Meridian Health System Obligated Group, 5.00%, 07/01/25 |
|
|
1,000 |
|
|
|
1,100,740 |
|
Meridian Health System Obligated Group, 5.00%, 07/01/26 |
|
|
3,720 |
|
|
|
4,080,840 |
|
Princeton Healthcare System, 5.00%, 07/01/34 |
|
|
1,330 |
|
|
|
1,468,559 |
|
Princeton Healthcare System, 5.00%, 07/01/39 |
|
|
1,825 |
|
|
|
1,989,433 |
|
RWJ Barnabas Health Obligated Group, Series A, 4.00%, 07/01/43 |
|
|
1,865 |
|
|
|
1,894,821 |
|
RWJ Barnabas Health Obligated Group, Series A, 5.00%, 07/01/43 |
|
|
3,080 |
|
|
|
3,384,797 |
|
St. Barnabas Health Care System, Series A, 5.00%,
07/01/21(a) |
|
|
3,640 |
|
|
|
3,946,270 |
|
St. Barnabas Health Care System, Series A, 5.00%, 5.63%,
07/01/21(a) |
|
|
4,450 |
|
|
|
4,908,884 |
|
St. Barnabas Health Care System, Series A, 5.00%, 5.63%,
07/01/21(a) |
|
|
4,860 |
|
|
|
5,361,163 |
|
Virtua Health, 5.00%, 07/01/28 |
|
|
3,000 |
|
|
|
3,313,560 |
|
Virtua Health, 5.00%, 07/01/29 |
|
|
715 |
|
|
|
786,214 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
81,360,363 |
|
Housing 6.4% |
|
|
|
|
|
|
County of Atlantic New Jersey Improvement Authority, RB, Stockton University Atlantic City, Series A (AGM),
4.00%, 07/01/46 |
|
|
1,300 |
|
|
|
1,321,710 |
|
|
|
|
|
|
|
|
|
|
Security |
|
Par (000) |
|
|
Value |
|
Housing (continued) |
|
|
|
|
|
|
New Jersey Housing & Mortgage Finance Agency, RB: |
|
|
|
|
|
|
|
|
Capital Fund Program, Series A (AGM), 5.00%, 05/01/27 |
|
$ |
4,940 |
|
|
$ |
4,950,325 |
|
M/F Housing, Series A, 4.55%, 11/01/43 |
|
|
4,710 |
|
|
|
4,823,134 |
|
S/F Housing, Series B, 4.50%, 10/01/30 |
|
|
8,630 |
|
|
|
8,955,869 |
|
New Jersey Housing & Mortgage Finance Agency, Refunding RB, AMT: |
|
|
|
|
|
|
|
|
M/F Housing, Series 2, 4.60%, 11/01/38 |
|
|
3,120 |
|
|
|
3,213,195 |
|
M/F Housing, Series 2, 4.75%, 11/01/46 |
|
|
3,795 |
|
|
|
3,906,383 |
|
S/F Housing, Series T, 4.70%, 10/01/37 |
|
|
525 |
|
|
|
525,420 |
|
Series D, 4.25%, 11/01/37 |
|
|
490 |
|
|
|
490,328 |
|
Series D, 4.35%, 11/01/42 |
|
|
1,000 |
|
|
|
1,001,340 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
29,187,704 |
|
State 24.9% |
|
|
|
|
|
|
Garden State Preservation Trust, RB, CAB, Series B
(AGM)(b): |
|
|
|
|
|
|
|
|
0.00%, 11/01/23 |
|
|
15,725 |
|
|
|
13,364,992 |
|
0.00%, 11/01/25 |
|
|
10,000 |
|
|
|
7,899,400 |
|
Garden State Preservation Trust, Refunding RB, Series C (AGM): |
|
|
|
|
|
|
|
|
5.25%, 11/01/20 |
|
|
5,000 |
|
|
|
5,362,250 |
|
5.25%, 11/01/21 |
|
|
7,705 |
|
|
|
8,426,573 |
|
New Jersey EDA, RB: |
|
|
|
|
|
|
|
|
CAB, Motor Vehicle Surcharge, Series A (NPFGC), 0.00%,
07/01/21(b) |
|
|
2,325 |
|
|
|
2,123,237 |
|
Motor Vehicle Surcharge, Series A (NPFGC), 5.25%, 07/01/25 |
|
|
4,465 |
|
|
|
5,055,809 |
|
Motor Vehicle Surcharge, Series A (NPFGC), 5.25%, 07/01/24 |
|
|
1,785 |
|
|
|
1,996,630 |
|
Motor Vehicle Surcharge, Series A (NPFGC), 5.25%, 07/01/26 |
|
|
6,085 |
|
|
|
6,812,279 |
|
School Facilities Construction (AGC), 6.00%,
12/15/18(a) |
|
|
3,960 |
|
|
|
4,062,168 |
|
School Facilities Construction (AGC), 6.00%,
12/15/18(a) |
|
|
40 |
|
|
|
41,044 |
|
School Facilities Construction, Series KK, 5.00%, 03/01/38 |
|
|
325 |
|
|
|
337,789 |
|
Series Y, 5.00%, 09/01/18(a) |
|
|
1,000 |
|
|
|
1,010,470 |
|
Series WW, 5.25%, 06/15/33 |
|
|
380 |
|
|
|
408,914 |
|
Series WW, 5.00%, 06/15/34 |
|
|
5,500 |
|
|
|
5,799,255 |
|
Series WW, 5.00%, 06/15/36 |
|
|
3,115 |
|
|
|
3,280,562 |
|
|
|
|
Schedule of Investments (unaudited) (continued)
April 30, 2018 |
|
BlackRock MuniHoldings New Jersey Quality Fund, Inc. (MUJ)
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
Security |
|
Par (000) |
|
|
Value |
|
State (continued) |
|
|
|
|
|
|
New Jersey EDA, RB (continued): |
|
|
|
|
|
|
|
|
Series WW, 5.25%, 06/15/40 |
|
$ |
8,375 |
|
|
$ |
8,932,105 |
|
New Jersey EDA, Refunding RB: |
|
|
|
|
|
|
|
|
Cigarette Tax, 5.00%, 06/15/24 |
|
|
5,000 |
|
|
|
5,370,600 |
|
Cigarette Tax, 5.00%, 06/15/26 |
|
|
1,250 |
|
|
|
1,338,150 |
|
Cigarette Tax, 5.00%, 06/15/28 |
|
|
2,430 |
|
|
|
2,592,640 |
|
Cigarette Tax, 5.00%, 06/15/29 |
|
|
3,195 |
|
|
|
3,403,761 |
|
School Facilities Construction, Series N-1 (NPFGC), 5.50%,
09/01/27 |
|
|
1,000 |
|
|
|
1,179,800 |
|
School Facilities Construction, Series NN, 5.00%, 03/01/29 |
|
|
5,000 |
|
|
|
5,269,050 |
|
Sub Series A, 5.00%, 07/01/33 |
|
|
3,875 |
|
|
|
4,169,655 |
|
Sub Series A, 4.00%, 07/01/34 |
|
|
8,800 |
|
|
|
8,594,608 |
|
Sub-Series A, 4.00%, 07/01/32 |
|
|
5,000 |
|
|
|
4,962,400 |
|
State of New Jersey, COP, Equipment Lease Purchase, Series A, 5.25%, 06/15/19(a) |
|
|
1,580 |
|
|
|
1,638,144 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
113,432,285 |
|
Tobacco 4.0% |
|
|
|
|
|
|
Tobacco Settlement Financing Corp., Refunding RB: |
|
|
|
|
|
|
|
|
Series A, 5.25%, 06/01/46 |
|
|
1,560 |
|
|
|
1,732,583 |
|
Sub-Series B, 5.00%, 06/01/46 |
|
|
15,515 |
|
|
|
16,278,648 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
18,011,231 |
|
Transportation 34.5% |
|
|
|
|
|
|
Delaware River Port Authority, RB: |
|
|
|
|
|
|
|
|
5.00%, 01/01/29 |
|
|
2,000 |
|
|
|
2,220,060 |
|
5.00%, 01/01/37 |
|
|
8,830 |
|
|
|
9,661,345 |
|
Series D, 5.05%, 01/01/35 |
|
|
1,430 |
|
|
|
1,493,792 |
|
Series D (AGM), 5.00%, 01/01/40 |
|
|
5,200 |
|
|
|
5,437,328 |
|
New Brunswick Parking Authority, Refunding RB, City Guaranteed, Series B (AGM): |
|
|
|
|
|
|
|
|
3.00%, 09/01/39 |
|
|
2,500 |
|
|
|
2,203,350 |
|
4.00%, 09/01/40 |
|
|
2,000 |
|
|
|
2,036,840 |
|
New Jersey EDA, RB, Goethals Bridge Replacement Project, AMT, Private Activity Bond: |
|
|
|
|
|
|
|
|
5.38%, 01/01/43 |
|
|
7,730 |
|
|
|
8,422,840 |
|
5.13%, 01/01/34 |
|
|
2,290 |
|
|
|
2,491,864 |
|
New Jersey State Turnpike Authority, RB: |
|
|
|
|
|
|
|
|
Series A, 5.00%, 01/01/35 |
|
|
1,440 |
|
|
|
1,634,717 |
|
Series E, 5.00%, 01/01/45 |
|
|
8,000 |
|
|
|
8,772,160 |
|
|
|
|
|
|
|
|
|
|
Security |
|
Par (000) |
|
|
Value |
|
Transportation (continued) |
|
|
|
|
|
|
New Jersey State Turnpike Authority, Refunding RB: |
|
|
|
|
|
|
|
|
Series A (AGM), 5.25%, 01/01/29 |
|
$ |
4,000 |
|
|
$ |
4,860,880 |
|
Series A (AGM), 5.25%, 01/01/30 |
|
|
4,000 |
|
|
|
4,906,640 |
|
Series A (BHAC), 5.25%, 01/01/29 |
|
|
500 |
|
|
|
607,610 |
|
Series E, 5.00%, 01/01/32 |
|
|
1,850 |
|
|
|
2,148,220 |
|
Series G, 4.00%, 01/01/43 |
|
|
3,320 |
|
|
|
3,408,345 |
|
New Jersey Transportation Trust Fund Authority, RB: |
|
|
|
|
|
|
|
|
CAB, Transportation System, Series A,
0.00%, 12/15/35(b) |
|
|
6,000 |
|
|
|
2,579,040 |
|
CAB, Transportation System, Series C (AMBAC), 0.00%, 12/15/36(b) |
|
|
7,210 |
|
|
|
2,970,304 |
|
CAB, Transportation System, Series C (AGM),
0.00%, 12/15/32(b) |
|
|
8,800 |
|
|
|
4,820,200 |
|
CAB, Transportation System, Series C (AMBAC), 0.00%, 12/15/35(b) |
|
|
4,160 |
|
|
|
1,806,688 |
|
Federal Highway Reimbursement Revenue Notes, Series A, 5.00%, 06/15/29 |
|
|
1,300 |
|
|
|
1,303,965 |
|
Federal Highway Reimbursement Revenue Notes, Series A, 5.00%, 06/15/30 |
|
|
2,250 |
|
|
|
2,458,395 |
|
Federal Highway Reimbursement Revenue Notes, Series A, 5.00%, 06/15/31 |
|
|
1,000 |
|
|
|
1,003,010 |
|
Federal Highway Reimbursement Revenue Notes, Series A-2, 5.00%,
06/15/30 |
|
|
10,520 |
|
|
|
10,551,770 |
|
Transportation Program, Series AA, 5.00%, 06/15/33 |
|
|
3,000 |
|
|
|
3,132,480 |
|
Transportation Program, Series AA, 5.25%, 06/15/33 |
|
|
5,690 |
|
|
|
6,032,254 |
|
Transportation Program, Series AA, 5.25%, 06/15/34 |
|
|
1,305 |
|
|
|
1,399,286 |
|
Transportation Program, Series AA, 5.00%, 06/15/38 |
|
|
2,340 |
|
|
|
2,446,423 |
|
Transportation System, Series A, 6.00%, 06/15/35 |
|
|
6,365 |
|
|
|
6,939,250 |
|
Transportation System, Series A (AGC), 5.63%, 12/15/28 |
|
|
2,780 |
|
|
|
2,843,745 |
|
Transportation System, Series A (NPFGC), 5.75%, 06/15/24 |
|
|
1,205 |
|
|
|
1,380,978 |
|
Transportation System, Series B, 5.25%, 06/15/36 |
|
|
2,500 |
|
|
|
2,599,600 |
|
|
|
|
Schedule of Investments (unaudited) (continued)
April 30, 2018 |
|
BlackRock MuniHoldings New Jersey Quality Fund, Inc. (MUJ)
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
Security |
|
Par (000) |
|
|
Value |
|
Transportation (continued) |
|
|
|
|
|
|
New Jersey Transportation Trust Fund Authority, RB (continued): |
|
|
|
|
|
|
|
|
Transportation System, Series D, 5.00%, 06/15/32 |
|
$ |
3,300 |
|
|
$ |
3,501,927 |
|
New Jersey Turnpike Authority, Refunding RB, Series B, 5.00%, 01/01/40 |
|
|
11,000 |
|
|
|
12,467,950 |
|
Port Authority of New York & New Jersey, ARB: |
|
|
|
|
|
|
|
|
Consolidated, 93rd Series, 6.13%, 06/01/94 |
|
|
1,000 |
|
|
|
1,188,380 |
|
Special Project, JFK International Air Terminal LLC Project, Series 6, AMT (NPFGC), 5.75%, 12/01/25 |
|
|
3,000 |
|
|
|
3,149,700 |
|
Special Project, JFK International Air Terminal LLC Project, Series 8, 6.00%, 12/01/42 |
|
|
4,000 |
|
|
|
4,373,920 |
|
Port Authority of New York & New Jersey, Refunding ARB, AMT: |
|
|
|
|
|
|
|
|
178th Series, 5.00%, 12/01/33 |
|
|
4,005 |
|
|
|
4,400,734 |
|
Consolidated, 152nd Series, 5.75%, 11/01/30 |
|
|
6,000 |
|
|
|
6,000,000 |
|
Consolidated, 206th Series, 5.00%, 11/15/42 |
|
|
3,110 |
|
|
|
3,472,066 |
|
Consolidated, 206th Series, 5.00%, 11/15/47 |
|
|
3,475 |
|
|
|
3,864,687 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
156,992,743 |
|
Utilities 5.4% |
|
County of Essex New Jersey Utilities Authority, Refunding RB, (AGC), 4.13%, 04/01/22 |
|
|
2,000 |
|
|
|
2,033,340 |
|
North Hudson New Jersey Sewerage Authority, Refunding RB, Series A (NPFGC), 5.13%, 08/01/20(c) |
|
|
6,045 |
|
|
|
6,452,373 |
|
Rahway Valley Sewerage Authority, RB, CAB, Series A
(NPFGC)(b): |
|
|
|
|
|
|
|
|
0.00%, 09/01/26 |
|
|
4,100 |
|
|
|
3,144,659 |
|
0.00%, 09/01/28 |
|
|
6,600 |
|
|
|
4,706,526 |
|
0.00%, 09/01/29 |
|
|
9,650 |
|
|
|
6,600,793 |
|
0.00%, 09/01/33 |
|
|
2,350 |
|
|
|
1,355,832 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
24,293,523 |
|
|
|
|
|
|
|
|
|
|
Total Municipal Bonds 137.6% (Cost $600,102,749) |
|
|
|
626,184,071 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
Par (000) |
|
|
Value |
|
Municipal Bonds Transferred to Tender Option Bond Trusts(d) |
|
|
New Jersey 26.9% |
|
County/City/Special District/School District 5.9% |
|
County of Union New Jersey Utilities Authority, Refunding RB, Series A, AMT: |
|
|
|
|
|
|
|
|
County Deficiency Agreement, 5.00%, 06/15/41 |
|
$ |
7,573 |
|
|
$ |
8,162,829 |
|
Resource Recovery Facility, Covanta Union, Inc., 5.25%, 12/01/31 |
|
|
17,300 |
|
|
|
18,888,832 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
27,051,661 |
|
Education 3.6% |
|
Rutgers The State University of New Jersey, Refunding RB: |
|
|
|
|
|
|
|
|
Series F, 5.00%, 05/01/19(a) |
|
|
4,998 |
|
|
|
5,152,974 |
|
Series L, 5.00%, 05/01/43 |
|
|
10,000 |
|
|
|
11,014,400 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
16,167,374 |
|
Health 1.3% |
|
New Jersey Health Care Facilities Financing Authority, RB, Inspira Health Obligated Group, 4.00%,
07/01/47 |
|
|
6,133 |
|
|
|
6,121,965 |
|
|
|
|
|
|
|
|
|
|
State 4.8% |
|
Garden State Preservation Trust, RB, Election of 2005, Series A (AGM), 5.75%, 11/01/28 |
|
|
12,460 |
|
|
|
14,662,803 |
|
New Jersey EDA, Refunding RB, School Facilities Construction, Series NN, 5.00%, 03/01/29(e) |
|
|
6,698 |
|
|
|
7,058,566 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
21,721,369 |
|
Transportation 11.3% |
|
County of Hudson New Jersey Improvement Authority, RB, Hudson County Vocational-Technical Schools Project,
5.25%, 05/01/51 |
|
|
3,120 |
|
|
|
3,516,544 |
|
New Jersey State Turnpike Authority, RB, Series A, 5.00%, 07/01/22(a)(e) |
|
|
9,300 |
|
|
|
10,320,489 |
|
New Jersey Transportation Trust Fund Authority, RB, Transportation System, Series B, 5.25%, 06/15/36(e) |
|
|
2,661 |
|
|
|
2,766,621 |
|
Port Authority of New York & New Jersey, Refunding ARB, Consolidated, AMT: |
|
|
|
|
|
|
|
|
152nd Series, 5.25%, 11/01/35 |
|
|
7,827 |
|
|
|
7,827,299 |
|
163rd Series, 5.00%, 07/15/39 |
|
|
15,545 |
|
|
|
16,481,492 |
|
|
|
|
Schedule of Investments (unaudited) (continued)
April 30, 2018 |
|
BlackRock MuniHoldings New Jersey Quality Fund, Inc. (MUJ)
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
Security |
|
Par (000) |
|
|
Value |
|
Transportation (continued) |
|
|
|
|
|
|
Port Authority of New York & New Jersey, Refunding ARB, Consolidated, AMT (continued): |
|
|
|
|
|
|
|
|
169th Series, 5.00%, 10/15/41 |
|
$ |
10,000 |
|
|
$ |
10,663,150 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
51,575,595 |
|
|
|
|
|
|
|
|
|
|
Total Municipal Bonds Transferred to Tender Option Bond Trusts 26.9% (Cost
$116,405,203) |
|
|
|
|
|
|
122,637,964 |
|
|
|
|
|
|
|
|
|
|
Total Long-Term Investments 164.5% (Cost $716,507,952) |
|
|
|
|
|
|
748,822,035 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
Shares |
|
|
Value |
|
Short-Term Securities 0.5% |
|
|
|
|
|
|
BlackRock Liquidity Funds, MuniCash, Institutional Class, 1.48%(f)(g) |
|
|
2,163,472 |
|
|
$ |
2,163,472 |
|
|
|
|
|
|
|
|
|
|
Total Short-Term Securities (Cost $2,163,472) 0.5% |
|
|
|
|
|
|
2,163,472 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Investments 165.0% (Cost $718,671,424) |
|
|
|
|
|
|
750,985,507 |
|
Other Assets Less Liabilities 2.0% |
|
|
|
|
|
|
9,119,891 |
|
Liability for TOB Trust Certificates, Including Interest Expense and Fees
Payable (15.0)% |
|
|
|
|
|
|
(68,305,628 |
) |
VRDP Shares at Liquidation Value, Net of Deferred Costs (52.0)% |
|
|
|
|
|
|
(236,623,062 |
) |
|
|
|
|
|
|
|
|
|
Net Assets Applicable to Common Shares 100.0% |
|
|
|
|
|
$ |
455,176,708 |
|
|
|
|
|
|
|
|
|
|
(a) |
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. |
(c) |
Security is collateralized by municipal bonds or U.S. Treasury obligations. |
(d) |
Represent bonds transferred to a TOB Trust in exchange of cash and residual certificates received by the Fund. These bonds serve as collateral in a secured borrowing. |
(e) |
All or a portion of security is subject to a recourse agreement. The aggregate maximum potential amount the Fund could ultimately be required to pay under the agreements, which expire between June 15, 2019 to
September 1, 2020, is $13,907,845. |
(f) |
Annualized 7-day yield as of period end. |
(g) |
During the period ended April 30, 2018, investments in issuers considered to be an affiliate of the Fund for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Affiliated |
|
Shares Held at 07/31/17 |
|
|
Net Activity |
|
|
Shares Held at 04/30/18 |
|
|
Value at 04/30/18 |
|
|
Income |
|
|
Net Realized Gain (Loss) (a) |
|
|
Change in Unrealized Appreciation (Depreciation) |
|
BlackRock Liquidity Funds, MuniCash, Institutional Class |
|
|
20,456,541 |
|
|
|
(18,293,069 |
) |
|
|
2,163,472 |
|
|
$ |
2,163,472 |
|
|
$ |
28,996 |
|
|
$ |
748 |
|
|
$ |
(1,296 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(a) |
Includes net capital gain distributions, if applicable. |
|
For Fund compliance purposes, the Funds 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.
|
|
|
Schedule of Investments (unaudited) (continued)
April 30, 2018 |
|
BlackRock MuniHoldings New Jersey Quality Fund, Inc. (MUJ) |
Derivative Financial Instruments Outstanding as of Period End
Futures Contracts
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Description |
|
Number of Contracts |
|
|
Expiration Date |
|
|
Notional Amount (000) |
|
|
Value / Unrealized Appreciation (Depreciation) |
|
Short Contracts: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10-Year U.S. Treasury Note |
|
|
120 |
|
|
|
06/20/18 |
|
|
$ |
14,355 |
|
|
$ |
98,257 |
|
Long U.S. Treasury Bond |
|
|
98 |
|
|
|
06/20/18 |
|
|
|
14,097 |
|
|
|
41,969 |
|
5-Year U.S. Treasury Note |
|
|
35 |
|
|
|
06/29/18 |
|
|
|
3,973 |
|
|
|
22,663 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
162,889 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Portfolio Abbreviations
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.
BHAC Berkshire Hathaway Assurance Corp.
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
|
|
|
Schedule of Investments (unaudited) (continued)
April 30, 2018 |
|
BlackRock MuniHoldings New Jersey Quality Fund, Inc. (MUJ) |
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 quotations prices in active markets/exchanges for identical assets or liabilities that Fund has the ability to access |
|
|
|
Level 2 Other observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are active, quoted prices for identical or similar assets or liabilities in
markets that are not active, inputs other than quoted prices that are observable for the assets or liabilities (such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates) or other
market-corroborated inputs) |
|
|
|
Level 3 Unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available (including Funds 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 Funds 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 Funds policy regarding valuation of investments and
derivative financial instruments, refer to the Funds most recent financial statements as contained in its semi-annual report.
The following table summarizes
the Funds investments and derivative financial instruments categorized in the disclosure hierarchy:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
|
Total |
|
Assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investments: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Long-Term Investments(a) |
|
$ |
|
|
|
$ |
748,822,035 |
|
|
$ |
|
|
|
$ |
748,822,035 |
|
Short-Term Securities |
|
|
2,163,472 |
|
|
|
|
|
|
|
|
|
|
|
2,163,472 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total |
|
$ |
2,163,472 |
|
|
$ |
748,822,035 |
|
|
$ |
|
|
|
$ |
750,985,507 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Derivative Financial Instruments(b) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest rate contracts |
|
$ |
162,889 |
|
|
$ |
|
|
|
$ |
|
|
|
$ |
162,889 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(a) |
See above Schedule of Investments for values in each sector. |
|
|
(b) |
Derivative financial instruments are futures contracts which are valued at the unrealized appreciation (depreciation) on the instrument. |
|
The Fund may hold assets and/or liabilities in which the fair value approximates the carrying amount for financial reporting
purposes. As of period end, such assets and/or liabilities are categorized within the disclosure hierarchy as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
|
Total |
|
Assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOB Trust Certificates |
|
$ |
|
|
|
$ |
(67,964,668 |
) |
|
$ |
|
|
|
$ |
(67,964,668 |
) |
VRDP Shares at Liquidation Value |
|
|
|
|
|
|
(237,100,000 |
) |
|
|
|
|
|
|
(237,100,000 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
|
|
|
$ |
(305,064,668 |
) |
|
$ |
|
|
|
$ |
(305,064,668 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
During the period ended April 30, 2018, there were no transfers between levels.
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 MuniHoldings New Jersey Quality Fund, Inc. |
|
|
|
By: |
|
/s/ John M. Perlowski |
|
|
|
|
John M. Perlowski |
|
|
|
|
Chief Executive Officer (principal executive officer) of |
|
|
BlackRock MuniHoldings New Jersey Quality Fund, Inc. |
|
|
Date: June 18, 2018 |
|
|
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 MuniHoldings New Jersey Quality Fund, Inc. |
|
Date: June 18, 2018 |
|
|
|
By: |
|
/s/ Neal J. Andrews |
|
|
|
|
Neal J. Andrews |
|
|
|
|
Chief Financial Officer (principal financial officer) of |
|
|
BlackRock MuniHoldings New Jersey Quality Fund, Inc. |
|
Date: June 18, 2018 |