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 811-21037
Name of Fund: BlackRock New York Municipal Bond Trust (BQH)
Fund Address: 100 Bellevue Parkway, Wilmington, DE 19809
Name and address of agent for service: John M. Perlowski, Chief Executive Officer, BlackRock New York
Municipal Bond Trust, 55 East 52nd Street, New York, NY 10055
Registrant’s telephone number, including area code: (800) 882-0052, Option 4
Date of fiscal year end: 08/31/2014
Date of reporting period: 11/30/2013
Item 1 – Schedule of Investments
| Schedule of Investments November 30, 2013 (Unaudited) |
BlackRock New York Municipal Bond Trust (BQH) (Percentages shown are based on Net Assets) |
| Municipal Bonds | Par (000) |
Value | ||||||
| New York — 138.4% |
||||||||
| Corporate — 13.9% |
|
|||||||
| City of New York New York Industrial Development Agency, ARB, American Airlines, Inc., JFK International Airport, AMT (a): |
||||||||
| 7.63%, 8/01/25 |
$ | 750 | $ | 811,710 | ||||
| 7.75%, 8/01/31 |
1,000 | 1,082,290 | ||||||
| City of New York New York Industrial Development Agency, Refunding RB, Transportation Infrastructure Properties LLC, Series A, AMT, 5.00%, 7/01/28 |
690 | 652,354 | ||||||
| County of Chautauqua New York Industrial Development Agency, RB, NRG Dunkirk Power Project, 5.88%, 4/01/42 |
750 | 759,397 | ||||||
| County of Essex New York Industrial Development Agency, RB, International Paper Co. Project, Series A, AMT, 6.63%, 9/01/32 |
100 | 110,256 | ||||||
| County of Suffolk New York Industrial Development Agency, RB, KeySpan Generation LLC, Port Jefferson, AMT, 5.25%, 6/01/27 |
500 | 503,660 | ||||||
| New York Liberty Development Corp., RB, Goldman Sachs Headquarters, 5.25%, 10/01/35 |
250 | 261,635 | ||||||
| Niagara Area Development Corp., Refunding RB, Solid Waste Disposal Facility, Covanta Energy Project, Series A, AMT, 5.25%, 11/01/42 |
375 | 330,079 | ||||||
| Port Authority of New York & New Jersey, ARB, Continental Airlines, Inc. & Eastern Air Lines, Inc. Project, LaGuardia, AMT, 9.13%, 12/01/15 |
920 | 939,485 | ||||||
|
|
|
|||||||
| 5,450,866 | ||||||||
| County/City/Special District/School District — 35.3% |
| |||||||
| City of New York New York, GO: |
||||||||
| Fiscal 2009, Series A-1, 4.75%, 8/15/25 |
500 | 559,235 | ||||||
| Fiscal 2014, Sub-Series D-1, 5.00%, 8/01/31 |
245 | 262,128 | ||||||
| Series D, 5.38%, 6/01/32 |
15 | 15,047 | ||||||
| Sub-Series G-1, 5.00%, 4/01/29 |
250 | 268,482 | ||||||
| Sub-Series G-1, 6.25%, 12/15/31 |
250 | 283,662 | ||||||
| Sub-Series I-1, 5.38%, 4/01/36 |
450 | 496,449 | ||||||
| Municipal Bonds | Par (000) |
Value | ||||||
| New York (continued) |
||||||||
| County/City/Special District/School District (continued) |
|
|||||||
| City of New York New York, GO, Refunding, Series E, 5.50%, 8/01/25 |
$ | 455 | $ | 537,569 | ||||
| City of New York New York Convention Center Development Corp., RB, Hotel Unit Fee Secured, (AMBAC): |
||||||||
| 5.00%, 11/15/44 |
500 | 500,360 | ||||||
| 4.75%, 11/15/45 |
500 | 488,730 | ||||||
| City of New York New York Housing Development Corp., RB, Fund Grant Program, New York City Housing Authority Program, Series B1: |
||||||||
| 5.25%, 7/01/32 |
735 | 776,344 | ||||||
| 5.00%, 7/01/33 |
250 | 258,458 | ||||||
| City of New York New York Industrial Development Agency, RB, PILOT: |
||||||||
| CAB, Yankee Stadium Project, Series A (AGC), 5.84%, 3/01/41 (b) |
5,155 | 1,075,127 | ||||||
| CAB, Yankee Stadium Project, Series A (AGC), 5.85%, 3/01/42 (b) |
500 | 98,190 | ||||||
| CAB, Yankee Stadium Project, Series A (AGC), 5.85%, 3/01/43 (b) |
2,000 | 370,640 | ||||||
| CAB, Yankee Stadium Project, Series A (AGC), 5.94%, 3/01/45 (b) |
950 | 152,703 | ||||||
| Queens Baseball Stadium (AGC), 6.38%, 1/01/39 |
100 | 108,332 | ||||||
| Queens Baseball Stadium (AMBAC), 5.00%, 1/01/39 |
500 | 421,325 | ||||||
| Yankee Stadium Project (NPFGC), 5.00%, 3/01/46 |
175 | 172,482 | ||||||
| Hudson Yards Infrastructure Corp., RB, Series A: |
||||||||
| 5.00%, 2/15/47 |
650 | 649,363 | ||||||
| (AGM), 5.00%, 2/15/47 |
750 | 755,122 | ||||||
| (NPFGC), 4.50%, 2/15/47 |
850 | 794,665 | ||||||
| (NPFGC), 5.00%, 2/15/47 |
465 | 464,544 | ||||||
| New York Liberty Development Corp., Refunding RB, Liberty: |
||||||||
| 2nd Priority, Bank of America Tower at One Bryant Park Project, Class 2, 5.63%, 7/15/47 |
1,350 | 1,426,032 | ||||||
| BLACKROCK NEW YORK MUNICIPAL BOND TRUST | NOVEMBER 30, 2013 | 1 |
| Schedule of Investments (continued) |
BlackRock New York Municipal Bond Trust (BQH) (Percentages shown are based on Net Assets) |
| Municipal Bonds | Par (000) |
Value | ||||||
| New York (Continued) |
||||||||
| County/City/Special District/School District (concluded) |
||||||||
| New York Liberty Development Corp., Refunding RB, Liberty (concluded): |
||||||||
| 2nd Priority, Bank of America Tower at One Bryant Park Project, Class 3, 6.38%, 7/15/49 |
$ | 285 | $ | 300,678 | ||||
| 4 World Trade Center Project, 5.00%, 11/15/31 |
750 | 781,470 | ||||||
| 4 World Trade Center Project, 5.75%, 11/15/51 |
340 | 362,314 | ||||||
| 7 World Trade Center Project, Class 1, 4.00%, 9/15/35 |
420 | 406,896 | ||||||
| 7 World Trade Center Project, Class 2, 5.00%, 9/15/43 |
550 | 551,441 | ||||||
| 7 World Trade Center Project, Class 3, 5.00%, 3/15/44 |
520 | 498,072 | ||||||
|
|
|
|||||||
| 13,835,860 | ||||||||
| Education — 37.5% |
||||||||
| Albany Industrial Development Agency, RB, New Covenant Charter School Project, Series A (c)(d): |
||||||||
| 7.00%, 5/01/25 |
200 | 30,002 | ||||||
| 7.00%, 5/01/35 |
130 | 19,501 | ||||||
| Amherst Development Corp., Refunding RB, University at Buffalo Foundation Faculty-Student Housing Corp., Series A, (AGM): |
||||||||
| 4.38%, 10/01/30 |
250 | 248,955 | ||||||
| 4.63%, 10/01/40 |
140 | 139,779 | ||||||
| Build NYC Resource Corp., RB, Series A: |
||||||||
| Bronx Charter School For Excellence Project, 5.50%, 4/01/43 |
270 | 254,637 | ||||||
| Bronx Charter School For International Cultures & The Arts Project, 5.00%, 4/15/33 |
200 | 177,674 | ||||||
| City of New York New York Trust for Cultural Resources, RB, Juilliard School, Series A, 5.00%, 1/01/39 |
250 | 261,728 | ||||||
| City of New York New York Trust for Cultural Resources, Refunding RB, Series A: |
||||||||
| Carnegie Hall, 4.75%, 12/01/39 |
400 | 400,204 | ||||||
| Municipal Bonds | Par (000) |
Value | ||||||
| New York (Continued) |
||||||||
| Education (continued) |
||||||||
| City of New York New York Trust for Cultural Resources, Refunding RB, Series A (concluded): |
||||||||
| Wildlife Conservation Society, 3.25%, 8/01/32 |
$ | 140 | $ | 117,174 | ||||
| City of Troy New York Capital Resource Corp., Refunding RB, Rensselaer Polytechnic Institute Project, Series A, 5.13%, 9/01/40 |
1,000 | 1,012,730 | ||||||
| City of Yonkers New York Industrial Development Agency, RB, Sarah Lawrence College Project, Series A, 6.00%, 6/01/41 |
250 | 263,252 | ||||||
| County of Dutchess New York Industrial Development Agency, RB, Bard College Civic Facility, Series A-2, 4.50%, 8/01/36 |
500 | 450,600 | ||||||
| County of Dutchess New York Local Development Corp., RB, Vassar College, Series A, 5.00%, 1/01/49 |
250 | 252,398 | ||||||
| County of Monroe New York Industrial Development Corp., RB, University of Rochester Project, Series A: |
||||||||
| 5.00%, 7/01/31 |
500 | 527,410 | ||||||
| 5.00%, 7/01/41 |
975 | 994,071 | ||||||
| County of Monroe New York Industrial Development Corp., Refunding RB, University of Rochester, Series A, 5.00%, 7/01/38 |
120 | 125,579 | ||||||
| County of Nassau New York Industrial Development Agency, Refunding RB, New York Institute of Technology Project, Series A, 4.75%, 3/01/26 |
200 | 204,040 | ||||||
| County of Oneida New York Local Development Corp., RB, Hamilton College Project, 4.00%, 7/01/38 |
150 | 140,052 | ||||||
| County of Suffolk New York Industrial Development Agency, Refunding RB, Remarketing, New York Institute of Technology Project, 5.00%, 3/01/26 |
150 | 151,212 | ||||||
| County of Tompkins New York Development Corp., RB, Ithaca College Project (AGM), 5.50%, 7/01/33 |
100 | 106,758 | ||||||
| 2 | BLACKROCK NEW YORK MUNICIPAL BOND TRUST | NOVEMBER 30, 2013 |
| Schedule of Investments (continued) |
BlackRock New York Municipal Bond Trust (BQH) (Percentages shown are based on Net Assets) |
| Municipal Bonds | Par (000) |
Value | ||||||
| New York (Continued) |
||||||||
| Education (concluded) |
||||||||
| State of New York Dormitory Authority, LRB, State University Dormitory Facilities, Series A, 5.00%, 7/01/39 |
$ | 150 | $ | 154,187 | ||||
| State of New York Dormitory Authority, RB: |
||||||||
| Convent of the Sacred Heart (AGM), 5.75%, 11/01/40 |
300 | 321,474 | ||||||
| New York University, Series 1 (AMBAC, BHAC), 5.50%, 7/01/31 |
245 | 276,436 | ||||||
| New York University, Series B, 5.00%, 7/01/42 |
1,250 | 1,296,775 | ||||||
| Teachers College, Series B, 5.00%, 7/01/42 |
1,800 | 1,827,558 | ||||||
| University of Rochester, Series A, 5.13%, 7/01/39 |
215 | 226,857 | ||||||
| University of Rochester, Series A, 5.35%, 7/01/39 (e) |
175 | 178,862 | ||||||
| State of New York Dormitory Authority, Refunding RB: |
||||||||
| Brooklyn Law School, 5.75%, 7/01/33 |
125 | 129,393 | ||||||
| Cornell University, Series A, 5.00%, 7/01/40 |
150 | 157,722 | ||||||
| New York University, Series A, 5.00%, 7/01/37 |
445 | 465,853 | ||||||
| New York University, Series A, 5.00%, 7/01/42 |
1,750 | 1,815,485 | ||||||
| Skidmore College, Series A, 5.00%, 7/01/28 |
250 | 266,215 | ||||||
| State University Dormitory Facilities, Series A, 5.25%, 7/01/30 |
350 | 380,478 | ||||||
| State University Dormitory Facilities, Series A, 5.25%, 7/01/32 |
350 | 373,901 | ||||||
| State University Dormitory Facilities, Series A, 5.00%, 7/01/42 |
225 | 233,420 | ||||||
| Teachers College, 5.50%, 3/01/39 |
350 | 365,361 | ||||||
| Teachers College, Series A, 5.00%, 7/01/31 |
325 | 342,137 | ||||||
|
|
|
|||||||
| 14,689,870 | ||||||||
| Health — 23.8% |
||||||||
| County of Dutchess New York Local Development Corp., Refunding RB, Health Quest System, Inc., Series A (AGM), 5.75%, 7/01/30 |
350 | 376,134 | ||||||
| Municipal Bonds | Par (000) |
Value | ||||||
| New York (Continued) |
||||||||
| Health (continued) |
||||||||
| County of Genesee New York Industrial Development Agency, Refunding RB, United Memorial Medical Center Project, 5.00%, 12/01/27 |
$ | 150 | $ | 141,344 | ||||
| County of Monroe New York Industrial Development Corp., RB, Rochester General Hospital Project, Series A, 5.00%, 12/01/37 |
370 | 363,403 | ||||||
| County of Monroe New York Industrial Development Corp., Refunding RB, Unity Hospital of Rochester Project (FHA), 5.50%, 8/15/40 |
275 | 297,256 | ||||||
| County of Nassau New York Local Economic Assistance Corp., Refunding RB, Winthrop University Hospital Association Project, 4.25%, 7/01/42 |
120 | 100,010 | ||||||
| County of Saratoga New York Industrial Development Agency, RB, Saratoga Hospital Project, Series B, 5.25%, 12/01/32 |
200 | 202,010 | ||||||
| County of Suffolk New York Industrial Development Agency, Refunding RB, Jefferson’s Ferry Project, 5.00%, 11/01/28 |
260 | 264,368 | ||||||
| County of Westchester New York Healthcare Corp., Refunding RB, Senior Lien: |
||||||||
| Remarketing, Series A, 5.00%, 11/01/30 |
1,150 | 1,171,033 | ||||||
| Series B, 6.00%, 11/01/30 |
200 | 217,542 | ||||||
| County of Westchester New York Local Development Corp., Refunding RB, Kendal On Hudson Project: |
||||||||
| 4.00%, 1/01/23 |
550 | 540,886 | ||||||
| 5.00%, 1/01/34 |
500 | 485,175 | ||||||
| Onondaga Civic Development Corp., Refunding RB, St. Joseph’s Hospital Health Center Project, 4.50%, 7/01/32 |
810 | 670,178 | ||||||
| State of New York Dormitory Authority, RB: |
||||||||
| Mental Health Services (AGM), 5.00%, 2/15/22 |
335 | 380,577 | ||||||
| New York State Association for Retarded Children, Inc., Series B (AMBAC), 6.00%, 7/01/32 |
185 | 194,650 | ||||||
| BLACKROCK NEW YORK MUNICIPAL BOND TRUST | NOVEMBER 30, 2013 | 3 |
| Schedule of Investments (continued) |
BlackRock New York Municipal Bond Trust (BQH) (Percentages shown are based on Net Assets) |
| Municipal Bonds | Par (000) |
Value | ||||||
| New York (Continued) |
||||||||
| Health (concluded) |
||||||||
| State of New York Dormitory Authority, RB (concluded): |
||||||||
| New York University Hospitals Center, Series A, 5.75%, 7/01/31 |
$ | 220 | $ | 234,874 | ||||
| New York University Hospitals Center, Series B, 5.63%, 7/01/37 |
260 | 266,466 | ||||||
| North Shore-Long Island Jewish Obligated Group, Series A, 5.50%, 5/01/37 |
450 | 467,473 | ||||||
| North Shore-Long Island Jewish Obligated Group, Series A, 5.75%, 5/01/37 |
500 | 527,540 | ||||||
| State of New York Dormitory Authority, Refunding RB: |
||||||||
| Miriam Osborn Memorial Home Association, 5.00%, 7/01/29 |
290 | 296,221 | ||||||
| Mount Sinai Hospital, Series A, 5.00%, 7/01/26 |
315 | 335,897 | ||||||
| North Shore-Long Island Jewish Obligated Group, Series A, 5.00%, 5/01/32 |
1,000 | 1,014,200 | ||||||
| North Shore-Long Island Jewish Obligated Group, Series E, 5.50%, 5/01/33 |
250 | 261,533 | ||||||
| St. Luke’s Roosevelt Hospital (FHA), 4.90%, 8/15/31 |
500 | 501,430 | ||||||
|
|
|
|||||||
| 9,310,200 | ||||||||
| Housing — 2.0% |
||||||||
| State of New York HFA, RB, M/F Housing, Highland Avenue Senior Apartments, Series A, AMT (SONYMA), 5.00%, 2/15/39 |
500 | 495,715 | ||||||
| State of New York Mortgage Agency, Refunding RB, 48th Series, 3.70%, 10/01/38 |
360 | 290,056 | ||||||
|
|
|
|||||||
| 785,771 | ||||||||
| State — 5.8% |
||||||||
| State of New York, GO, Series A, 5.00%, 2/15/39 |
250 | 267,145 | ||||||
| State of New York Dormitory Authority, ERB: |
||||||||
| Series B, 5.75%, 3/15/36 |
300 | 334,956 | ||||||
| Series C, 5.00%, 12/15/31 |
250 | 267,190 | ||||||
| State of New York Thruway Authority, RB, Transportation, Series A, 5.00%, 3/15/32 |
80 | 85,514 | ||||||
| Municipal Bonds | Par (000) |
Value | ||||||
| New York (Continued) |
||||||||
| State (concluded) |
||||||||
| State of New York Thruway Authority, Refunding RB, 2nd General Highway and Bridge Trust, Series A, 5.00%, 4/01/32 |
$ | 1,000 | $ | 1,052,140 | ||||
| State of New York Urban Development Corp., RB, State Personal Income Tax, Series C, 5.00%, 3/15/30 |
250 | 269,837 | ||||||
|
|
|
|||||||
| 2,276,782 | ||||||||
| Transportation — 16.2% |
||||||||
| Metropolitan Transportation Authority, RB: |
||||||||
| Dedicated Tax Fund, Series A, 5.63%, 11/15/39 |
250 | 273,345 | ||||||
| Series A, 5.00%, 11/15/30 |
250 | 261,895 | ||||||
| Series C, 6.50%, 11/15/28 |
700 | 817,243 | ||||||
| Series D, 5.25%, 11/15/41 |
1,000 | 1,028,800 | ||||||
| Metropolitan Transportation Authority, Refunding RB: |
||||||||
| Series D, 5.25%, 11/15/30 |
250 | 267,400 | ||||||
| Series D, 5.25%, 11/15/31 |
250 | 265,532 | ||||||
| Series D, 5.25%, 11/15/32 |
170 | 179,443 | ||||||
| Series F, 5.00%, 11/15/30 |
500 | 522,765 | ||||||
| Port Authority of New York & New Jersey, ARB, Special Project, JFK International Air Terminal LLC Project, Series 8, 6.00%, 12/01/42 |
500 | 534,420 | ||||||
| Port Authority of New York & New Jersey, Refunding ARB, Consolidated, 147th Series, AMT, 4.75%, 4/15/37 |
150 | 147,908 | ||||||
| Port Authority of New York & New Jersey, Refunding RB: |
||||||||
| 178th Series, 5.00%, 12/01/38 |
215 | 224,641 | ||||||
| Consolidated, 177th Series, AMT, 4.00%, 1/15/43 |
100 | 84,606 | ||||||
| State of New York Thruway Authority, Refunding RB, General, Series I: |
||||||||
| 5.00%, 1/01/27 |
130 | 140,396 | ||||||
| 5.00%, 1/01/37 |
1,000 | 1,028,080 | ||||||
| 5.00%, 1/01/42 |
140 | 142,604 | ||||||
| Triborough Bridge & Tunnel Authority, Refunding RB: |
||||||||
| CAB, Sub-Series A, 4.93%, 11/15/32 (b) |
170 | 67,550 | ||||||
| General, CAB, Series B, 4.93%, 11/15/32 (b) |
600 | 238,554 | ||||||
| 4 | BLACKROCK NEW YORK MUNICIPAL BOND TRUST | NOVEMBER 30, 2013 |
| Schedule of Investments (continued) |
BlackRock New York Municipal Bond Trust (BQH) (Percentages shown are based on Net Assets) |
| Municipal Bonds | Par (000) |
Value | ||||||
| New York (concluded) |
||||||||
| Transportation (concluded) |
||||||||
| Triborough Bridge & Tunnel Authority, Refunding RB (concluded): |
||||||||
| Sub-Series A, 5.00%, 11/15/30 |
$ | 100 | $ | 106,432 | ||||
|
|
|
|||||||
| 6,331,614 | ||||||||
| Utilities — 3.9% |
|
|||||||
| Long Island Power Authority, RB, General Electric System: |
||||||||
| Series A (AGM), 5.00%, 5/01/36 |
225 | 229,180 | ||||||
| Series C (CIFG), 5.25%, 9/01/29 |
500 | 532,055 | ||||||
| Long Island Power Authority, Refunding RB, Electric System, Series A, 5.50%, 4/01/24 |
100 | 109,706 | ||||||
| State of New York Power Authority, Refunding RB, Series A, 5.00%, 11/15/38 |
600 | 632,604 | ||||||
|
|
|
|||||||
| 1,503,545 | ||||||||
| Total Municipal Bonds in New York | 54,184,508 | |||||||
| Multi-State — 6.7% |
||||||||
| Housing — 6.7% |
|
|||||||
| Centerline Equity Issuer Trust, Series B-2, 7.20%, 11/15/14 (f)(g) |
2,500 | 2,634,000 | ||||||
| Total Municipal Bonds — 145.1% | 56,818,508 | |||||||
| Municipal Bonds Transferred to Tender Option Bond (TOB) Trusts (h) |
||||||||
| New York — 19.4% |
||||||||
| County/City/Special District/School District — 6.9% |
| |||||||
| City of New York New York Transitional Finance Authority, RB, Future Tax Secured, Fiscal 2012, Sub-Series D-1, 5.00%, 11/01/38 |
825 | 863,965 | ||||||
| Hudson Yards Infrastructure Corp., RB, Fiscal 2012, Series A, 5.75%, 2/15/47 (i) |
700 | 746,796 | ||||||
| New York Liberty Development Corp., Refunding RB, Liberty, 7 World Trade Center Project, Class 1, 5.00%, 9/15/40 |
1,050 | 1,090,362 | ||||||
|
|
|
|||||||
| 2,701,123 | ||||||||
| Municipal Bonds Transferred to Tender Option Bond (TOB) Trusts (h) |
Par (000) |
Value | ||||||
| New York (concluded) |
||||||||
| State — 1.4% |
||||||||
| City of New York New York Transitional Finance Authority, BARB, Series S-3, 5.25%, 1/15/39 |
$ | 500 | $ | 535,549 | ||||
| Transportation — 3.3% |
||||||||
| New York Liberty Development Corp., RB, 1 World Trade Center Port Authority Construction, 5.25%, 12/15/43 |
630 | 657,688 | ||||||
| State of New York Thruway Authority, Refunding RB, Transportation, Personal Income Tax, Series A, 5.00%, 3/15/31 |
600 | 642,294 | ||||||
|
|
|
|||||||
| 1,299,982 | ||||||||
| Utilities — 7.8% |
||||||||
| City of New York New York Municipal Water Finance Authority, RB, Water & Sewer System: |
||||||||
| 2nd General Resolution, Fiscal 2011, Series HH, 5.00%, 6/15/32 |
990 | 1,048,618 | ||||||
| Fiscal 2009, Series A, 5.75%, 6/15/40 |
405 | 448,744 | ||||||
| City of New York New York Municipal Water Finance Authority, Refunding RB, Water & Sewer System, 2nd General Resolution, Fiscal 2012, Series BB, 5.00%, 6/15/44 |
1,500 | 1,539,395 | ||||||
|
|
|
|||||||
| 3,036,757 | ||||||||
| Total Municipal Bonds Transferred to Tender Option Bond (TOB) Trusts — 19.4% |
7,573,411 | |||||||
| Total Long-Term Investments (Cost — $63,946,308) — 164.5% |
|
64,391,919 | ||||||
| Short-Term Securities | Shares | |||||||
| BIF New York Municipal Money Fund, 0.00% (j)(k) |
354,359 | 354,359 | ||||||
| Total Short-Term Securities (Cost — $354,359) — 0.9% |
|
354,359 | ||||||
| BLACKROCK NEW YORK MUNICIPAL BOND TRUST | NOVEMBER 30, 2013 | 5 |
| Schedule of Investments (continued) |
BlackRock New York Municipal Bond Trust (BQH) (Percentages shown are based on Net Assets) |
| Value | ||||||
| Total Investments (Cost — $64,300,667*) — 165.4% |
$ | 64,746,278 | ||||
| Other Assets Less Liabilities — 3.2% | 1,283,607 | |||||
| Liability for TOB Trust Certificates, Including Interest Expense and Fees Payable — (12.2%) |
(4,776,582 | ) | ||||
| VRDP Shares, at Liquidation Value — (56.4%) | (22,100,000 | ) | ||||
|
|
|
|||||
| Net Assets Applicable to Common Shares — 100.0% | $ | 39,153,303 | ||||
|
|
|
|||||
| * | As of November 30, 2013, gross unrealized appreciation and depreciation based on cost for federal income tax purposes were as follows: |
| Tax cost |
$ | 59,569,827 | ||
|
|
|
|||
| Gross unrealized appreciation |
$ | 2,115,199 | ||
| Gross unrealized depreciation |
(1,713,963 | ) | ||
|
|
|
|||
| Net unrealized appreciation |
$ | 401,236 | ||
|
|
|
| Notes to Schedule of Investments |
| (a) | Variable rate security. Rate shown is as of report date. |
| (b) | Represents a zero-coupon bond. Rate shown reflects the current yield as of report date. |
| (c) | Non-income producing security. |
| (d) | Issuer filed for bankruptcy and/or is in default of principal and/or interest payments. |
| (e) | Represents a step-up bond that pays an initial coupon rate for the first period and then a higher coupon rate for the following periods. Rate shown is as of report date. |
| (f) | Represents a beneficial interest in a trust. The collateral deposited into the trust is federally tax-exempt revenue bonds issued by various state or local governments, or their respective agencies or authorities. The security is subject to remarketing prior to its stated maturity. |
| (g) | 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. |
| (h) | Represent bonds transferred to a TOB. In exchange the Trust acquired residual interest certificates. These bonds serve as collateral in a financing transaction. |
| (i) | All or a portion of security is subject to a recourse agreement, which may require the Trust to pay the liquidity provider in the event there is a shortfall between the TOB trust certificates and proceeds received from the sale of the security contributed to the TOB trust. In the case of a shortfall, the aggregate maximum potential amount the Trust could ultimately be required to pay under the agreement which expires on February 15, 2019 is $370,628. |
| (j) | Investments in issuers considered to be an affiliate of the Trust during the period ended November 30, 2013, 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, 2013 |
Net Activity |
Shares Held at November 30, 2013 |
Income | ||||||||||||
| BIF New York Municipal Money Fund |
1,962,512 | (1,608,153 | ) | 354,359 | — | |||||||||||
| (k) | Represents the current yield as of report date. |
| Portfolio Abbreviations |
| To simplify the listings of portfolio holdings in the Schedule of Investments, the names and descriptions of many of the securities have been abbreviated according to the following list: | 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 | |||
| BARB | Building Aid Revenue Bonds | |||
| BHAC | Berkshire Hathaway Assurance Corp. | |||
| CAB | Capital Appreciation Bonds | |||
| CIFG | CDC IXIS Financial Guaranty | |||
| ERB | Education Revenue Bonds | |||
| FHA | Federal Housing Administration |
| 6 | BLACKROCK NEW YORK MUNICIPAL BOND TRUST | NOVEMBER 30, 2013 |
| Schedule of Investments (continued) |
BlackRock New York Municipal Bond Trust (BQH) |
| GO | General Obligation Bonds | |||
| HFA | Housing Finance Agency | |||
| LRB | Lease Revenue Bonds | |||
| M/F | Multi-Family | |||
| NPFGC | National Public Finance Guarantee Corp. | |||
| PILOT | Payment in Lieu of Taxes | |||
| RB | Revenue Bonds | |||
| SONYMA | State of New York Mortgage Agency |
| Ÿ | Financial futures contracts as of November 30, 2013 were as follows: |
| Contracts Sold |
Issue | Exchange | Expiration | Notional Value |
Unrealized Appreciation |
|||||||||||
| (16 | ) | 10-Year US Treasury Note | Chicago Board of Trade | December 2013 | $ | 2,026,250 | $ | 10,233 | ||||||||
| Ÿ | For Trust compliance purposes, the Trust’s sector classifications refer to any 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 Trust management. These definitions may not apply for purposes of this report, which may combine such sector sub-classifications for reporting ease. |
| Ÿ | Fair Value Measurements — Various inputs are used in determining the fair value of investments and derivative financial instruments. These inputs to valuation techniques are categorized into a disclosure hierarchy consisting of three broad levels for financial reporting purposes as follows: |
| Ÿ | Level 1 — unadjusted price quotations in active markets/exchanges for identical assets or liabilities that the Trust has the ability to access |
| Ÿ | 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) |
| Ÿ | Level 3 — unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available (including the Trust’s 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.
Changes in valuation techniques may result in transfers into or out of an assigned level within the disclosure hierarchy. In accordance with the Trust’s policy, transfers between different levels of the fair value disclosure 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 investment and derivative financial instrument and is not necessarily an indication of the risks associated with investing in those securities. For information about the Trust’s policy regarding valuation of investments and derivative financial instruments, please refer to the Trust’s most recent financial statements as contained in its annual report.
| BLACKROCK NEW YORK MUNICIPAL BOND TRUST | NOVEMBER 30, 2013 | 7 |
| Schedule of Investments (concluded) |
BlackRock New York Municipal Bond Trust (BQH) |
The following tables summarize the Trust’s investments and derivative financial instruments categorized in the disclosure hierarchy as of November 30, 2013:
| Level 1 | Level 2 | Level 3 | Total | |||||||||||||
| Assets: |
||||||||||||||||
| Investments: | ||||||||||||||||
| Long-Term Investments1 |
— | $ | 64,391,919 | — | $ | 64,391,919 | ||||||||||
| Short-Term Securities |
$ | 354,359 | — | — | 354,359 | |||||||||||
|
|
|
|
|
|
|
|
|
|||||||||
| Total |
$ | 354,359 | $ | 64,391,919 | — | $ | 64,746,278 | |||||||||
|
|
|
|
|
|
|
|
|
|||||||||
|
1 See above Schedule of Investments for values in each sector. |
| |||||||||||||||
| Level 1 | Level 2 | Level 3 | Total | |||||||||||||
| Derivative Financial Instruments2 | ||||||||||||||||
| Assets: |
||||||||||||||||
| Interest rate contracts |
$ | 10,233 | — | — | $ | 10,233 | ||||||||||
|
2 Derivative financial instruments are financial futures contracts, which are valued at the unrealized appreciation/depreciation on the instrument. |
| |||||||||||||||
Certain of the Trust’s assets and/or liabilities are held at carrying amount, which approximates fair value for financial reporting purposes. As of November 30, 2013, such assets and/or liabilities are categorized within the disclosure hierarchy as follows:
| Level 1 | Level 2 | Level 3 | Total | |||||||||||
| Assets: |
||||||||||||||
| Cash pledged for financial futures contracts |
$ | 29,000 | — | — | $ | 29,000 | ||||||||
| Liabilities: |
||||||||||||||
| Bank overdraft |
— | $ | (2,235 | ) | — | (2,235 | ) | |||||||
| TOB trust certificates |
— | (4,775,215 | ) | — | (4,775,215 | ) | ||||||||
| VRDP Shares |
— | (22,100,000 | ) | — | (22,100,000 | ) | ||||||||
|
|
|
|||||||||||||
| Total |
$ | 29,000 | $ | (26,877,450 | ) | — | $ | (26,848,450 | ) | |||||
|
|
|
|||||||||||||
There were no transfers between levels during the period ended November 30, 2013.
| 8 | BLACKROCK NEW YORK MUNICIPAL BOND TRUST | NOVEMBER 30, 2013 |
Item 2 – Controls and Procedures
| 2(a) – |
The registrant’s principal executive and principal financial officers, or persons performing similar functions, have concluded that the registrant’s 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 registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act) that occurred during the registrant’s last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrant’s 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 York Municipal Bond Trust
| By: | /s/ John M. Perlowski | |
| John M. Perlowski | ||
| Chief Executive Officer (principal executive officer) of | ||
| BlackRock New York Municipal Bond Trust | ||
| Date: | January 24, 2014 | |
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 York Municipal Bond Trust | ||
| Date: | January 24, 2014 | |
| By: | /s/ Neal J. Andrews | |
| Neal J. Andrews | ||
| Chief Financial Officer (principal financial officer) of | ||
| BlackRock New York Municipal Bond Trust | ||
| Date: | January 24, 2014 | |