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 811-7478
Name of Fund: MuniVest Fund II, Inc.
Fund Address: P.O. Box 9011
Princeton, NJ 08543-9011
Name and address of agent for service: Robert C. Doll, Jr., Chief Executive
Officer, MuniVest Fund II, Inc., 800 Scudders Mill Road, Plainsboro, NJ
08536. Mailing address: P.O. Box 9011, Princeton, NJ 08543-9011
Registrant's telephone number, including area code: (609) 282-2800
Date of fiscal year end: 10/31/2006
Date of reporting period: 11/01/05 - 01/31/06
Item 1 - Schedule of Investments
MuniVest Fund II, Inc.
Schedule of Investments as of January 31, 2006 (In Thousands)
Face
State Amount Municipal Bonds Value
-----------------------------------------------------------------------------------------------------------------------------------
Alabama - 2.7% $ 5,000 Huntsville, Alabama, Health Care Authority Revenue Bonds, Series B, 5.75%
due 6/01/2032 $ 5,294
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2,900 Tuscaloosa, Alabama, Special Care Facilities Financing Authority, Residential
Care Facility Revenue Bonds (Capstone Village, Inc. Project) Series A, 5.875%
due 8/01/2036 2,903
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Arizona - 2.2% 1,000 Maricopa County, Arizona, IDA, Education Revenue Bonds (Arizona Charter
Schools Project 1), Series A, 6.75% due 7/01/2029 1,004
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2,315 Maricopa County, Arizona, Tempe Elementary Unified School District Number 3,
GO, Refunding, 7.50% due 7/01/2010 (d) 2,685
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2,000 Pima County, Arizona, IDA, Education Revenue Bonds (Arizona Charter Schools
Project), Series C, 6.75% due 7/01/2031 2,094
------------------------------------------------------------------------------------------------------------
1,000 Pima County, Arizona, IDA, Education Revenue Refunding Bonds (Arizona Charter
Schools Project II), Series A, 6.75% due 7/01/2021 1,059
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California - 8.2% 3,300 California State, Various Purpose, GO, 5.50% due 4/01/2028 3,627
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4,145 California State, Various Purpose, GO, 5.50% due 4/01/2030 4,538
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5,000 California State, Various Purpose, GO, 5.50% due 11/01/2033 5,452
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6,010 Golden State Tobacco Securitization Corporation of California, Tobacco
Settlement Revenue Bonds, Series A-3, 7.875% due 6/01/2042 7,223
------------------------------------------------------------------------------------------------------------
3,700 Golden State Tobacco Securitization Corporation of California, Tobacco
Settlement Revenue Bonds, Series B, 5.50% due 6/01/2013 (j) 4,111
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Colorado - 3.7% 260 Colorado HFA, Revenue Refunding Bonds (S/F Program), AMT, Senior Series
A-2, 7.50% due 4/01/2031 273
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3,025 Elk Valley, Colorado, Public Improvement Revenue Bonds (Public Improvement Fee),
Series A, 7.35% due 9/01/2031 3,204
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930 Elk Valley, Colorado, Public Improvement Revenue Bonds (Public Improvement Fee),
Series B, 7% due 9/01/2031 951
------------------------------------------------------------------------------------------------------------
1,325 North Range, Colorado, Metropolitan District Number 1, GO, 7.25% due 12/15/2031 1,396
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Portfolio Abbreviations
To simplify the listings of MuniVest Fund II, Inc.'s portfolio holdings in the
Schedule of Investments, we have abbreviated the names of many of the securities
according to the list below.
AMT Alternative Minimum Tax (subject to)
DRIVERS Derivative Inverse Tax-Exempt Receipts
EDA Economic Development Authority
GO General Obligation Bonds
HDA Housing Development Authority
HFA Housing Finance Agency
IDA Industrial Development Authority
IDB Industrial Development Board
IDR Industrial Development Revenue Bonds
M/F Multi-Family
PCR Pollution Control Revenue Bonds
RIB Residual Interest Bonds
S/F Single-Family
VRDN Variable Rate Demand Notes
MuniVest Fund II, Inc.
Schedule of Investments as of January 31, 2006 (In Thousands)
Face
State Amount Municipal Bonds Value
-----------------------------------------------------------------------------------------------------------------------------------
$ 3,300 Plaza Metropolitan District Number 1, Colorado, Tax Allocation Revenue Bonds
(Public Improvement Fees), 8% due 12/01/2025 $ 3,625
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820 Plaza Metropolitan District Number 1, Colorado, Tax Allocation Revenue Bonds
(Public Improvement Fees), 8.125% due 12/01/2025 816
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1,000 Southlands, Colorado, Medical District, GO (Metropolitan District Number 1),
` 7% due 12/01/2024 1,088
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Connecticut - 1.2% 1,165 Connecticut State Development Authority, Airport Facility Revenue Bonds
(LearJet Inc. Project), AMT, 7.95% due 4/01/2026 1,383
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2,000 Mohegan Tribe Indians Gaming Authority, Connecticut, Public Improvement Revenue
Refunding Bonds (Priority Distribution), 6.25% due 1/01/2031 2,142
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Delaware - 0.3% 1,000 New Castle County, Delaware, PCR (General Motors Corporation Project), VRDN, 8%
due 10/01/2008 (l) 1,000
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Florida - 4.6% 2,350 Fiddlers Creek, Florida, Community Development District Number 2, Special
Assessment Revenue Bonds, Series A, 6.375% due 5/01/2035 2,484
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1,250 Fiddlers Creek, Florida, Community Development District Number 2, Special
Assessment Revenue Bonds, Series B, 5.75% due 5/01/2013 1,297
------------------------------------------------------------------------------------------------------------
4,000 Midtown Miami, Florida, Community Development District, Special Assessment
Revenue Bonds, Series A, 6.25% due 5/01/2037 4,237
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1,280 Orange County, Florida, Health Facilities Authority, Hospital Revenue Bonds
(Adventist Health System), 5.625% due 11/15/2032 1,364
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1,135 Orlando, Florida, Urban Community Development District, Capital Improvement
Special Assessment Bonds, 6.25% due 5/01/2034 1,208
------------------------------------------------------------------------------------------------------------
1,000 Orlando, Florida, Urban Community Development District, Capital Improvement
Special Assessment Bonds, Series A, 6.95% due 5/01/2033 1,079
------------------------------------------------------------------------------------------------------------
10 Panther Trace, Florida, Community Development District, Special Assessment
Revenue Bonds, Series B, 6.50% due 5/01/2009 10
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935 Park Place Community Development District, Florida, Special Assessment Revenue
Bonds, 6.75% due 5/01/2032 994
------------------------------------------------------------------------------------------------------------
950 Preserve at Wilderness Lake, Florida, Community Development District, Capital
Improvement Bonds, Series A, 7.10% due 5/01/2033 1,033
------------------------------------------------------------------------------------------------------------
310 Vista Lakes Community, Florida, Development District, Capital Improvement
Revenue Bonds, Series B, 5.80% due 5/01/2008 311
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Georgia - 6.1% 2,100 Albany-Dougherty County, Georgia, Hospital Authority, Revenue Anticipation
Certificates (Phoebe Putney Memorial Hospital Project), VRDN, 3.04%
due 9/01/2032 (b)(l) 2,100
------------------------------------------------------------------------------------------------------------
2,000 Atlanta, Georgia, Tax Allocation Bonds (Atlantic Station Project), 7.90%
due 12/01/2024 2,163
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1,225 Brunswick & Glynn County, Georgia, Development Authority, First Mortgage
Revenue Bonds (Coastal Community Retirement Corporation Project), Series A,
7.125% due 1/01/2025 1,243
------------------------------------------------------------------------------------------------------------
1,075 Fulton County, Georgia, Development Authority, PCR (General Motors Corporation),
Refunding, VRDN, 8% due 4/01/2010 (l) 1,075
------------------------------------------------------------------------------------------------------------
MuniVest Fund II, Inc.
Schedule of Investments as of January 31, 2006 (In Thousands)
Face
State Amount Municipal Bonds Value
-----------------------------------------------------------------------------------------------------------------------------------
$ 2,000 Fulton County, Georgia, Residential Care Facilities, Revenue Refunding Bonds
(Canterbury Court Project), Series A, 6.125% due 2/15/2026 $ 2,084
------------------------------------------------------------------------------------------------------------
5,620 Georgia Municipal Electric Authority, Power Revenue Refunding Bonds, Series W,
6.60% due 1/01/2018 6,616
------------------------------------------------------------------------------------------------------------
380 Georgia Municipal Electric Authority, Power Revenue Refunding Bonds, Series W,
6.60% due 1/01/2018 (c) 447
------------------------------------------------------------------------------------------------------------
1,250 Georgia Municipal Electric Authority, Power Revenue Refunding Bonds, Series X,
6.50% due 1/01/2020 1,487
------------------------------------------------------------------------------------------------------------
1,350 Milledgeville-Baldwin County, Georgia, Development Authority Revenue Bonds
(Georgia College and State University Foundation), 5.50% due 9/01/2024 1,429
-----------------------------------------------------------------------------------------------------------------------------------
Idaho - 0.0% 285 Idaho Housing Agency, S/F Mortgage Revenue Refunding Bonds, AMT, Series E-2,
6.90% due 1/01/2027 288
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Illinois - 14.1% 3,000 Chicago, Illinois, O'Hare International Airport, Revenue Refunding Bonds,
DRIVERS, AMT, Series 253, 8.13% due 1/01/2020 (i)(m) 3,463
------------------------------------------------------------------------------------------------------------
4,000 Chicago, Illinois, O'Hare International Airport, Special Facility Revenue
Refunding Bonds (American Airlines Inc. Project), 8.20% due 12/01/2024 3,866
------------------------------------------------------------------------------------------------------------
300 Chicago, Illinois, S/F Mortgage Revenue Bonds, AMT, Series C, 7% due 3/01/2032
(f)(g) 301
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800 Chicago, Illinois, Special Assessment Bonds (Lake Shore East), 6.75%
due 12/01/2032 865
------------------------------------------------------------------------------------------------------------
1,000 Chicago, Illinois, Tax Allocation Bonds (Kingsbury Redevelopment Project),
Series A, 6.57% due 2/15/2013 1,049
------------------------------------------------------------------------------------------------------------
2,800 Hodgkins, Illinois, Environmental Improvement Revenue Bonds (Metro Biosolids
Management LLC Project), AMT, 6% due 11/01/2023 2,954
------------------------------------------------------------------------------------------------------------
1,000 Illinois Development Finance Authority Revenue Bonds (Community Rehabilitation
Providers Facilities), Series A, 6.50% due 7/01/2022 1,088
------------------------------------------------------------------------------------------------------------
2,500 Illinois Development Finance Authority, Revenue Refunding Bonds (Community
Rehabilitation Providers Facilities), Series A, 6% due 7/01/2015 2,569
------------------------------------------------------------------------------------------------------------
510 Illinois HDA, Revenue Refunding Bonds (M/F Program), Series 5, 6.75% due
9/01/2023 511
------------------------------------------------------------------------------------------------------------
500 Illinois State Finance Authority Revenue Bonds (Friendship Village of Schaumburg),
Series A, 5.625% due 2/15/2037 502
------------------------------------------------------------------------------------------------------------
1,035 Illinois State Finance Authority Revenue Bonds (Landing At Plymouth Place Project),
Series A, 6% due 5/15/2037 1,037
------------------------------------------------------------------------------------------------------------
2,600 Kane and De Kalb Counties, Illinois, Community Unit School District Number 302,
GO, DRIVERS, Series 283, 8.16% due 2/01/2018 (d)(m) 3,246
------------------------------------------------------------------------------------------------------------
2,000 McLean and Woodford Counties, Illinois, Community Unit, School District Number
005, GO, Refunding, 6.375% due 12/01/2016 (h) 2,278
------------------------------------------------------------------------------------------------------------
3,200 Metropolitan Pier and Exposition Authority, Illinois, Dedicated State Tax,
Revenue Refunding Bonds, DRIVERS, Series 269, 8.149% due 6/15/2023 (i)(m) 3,916
------------------------------------------------------------------------------------------------------------
1,500 Regional Transportation Authority, Illinois, Revenue Bonds, Series A, 7.20%
due 11/01/2020 (b) 1,875
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MuniVest Fund II, Inc.
Schedule of Investments as of January 31, 2006 (In Thousands)
Face
State Amount Municipal Bonds Value
-----------------------------------------------------------------------------------------------------------------------------------
$ 7,000 Regional Transportation Authority, Illinois, Revenue Bonds, Series A, 6.70%
due 11/01/2021 (d) $ 8,689
------------------------------------------------------------------------------------------------------------
2,500 Regional Transportation Authority, Illinois, Revenue Bonds, Series C, 7.75%
due 6/01/2020 (d) 3,432
------------------------------------------------------------------------------------------------------------
1,580 Village of Wheeling, Illinois, Revenue Bonds (North Milwaukee/Lake-Cook Tax
Increment Financing (TIF) Redevelopment Project), 6% due 1/01/2025 1,542
-----------------------------------------------------------------------------------------------------------------------------------
Indiana - 8.0% 1,650 Indiana Health and Educational Facilities Financing Authority, Hospital
Revenue Bonds (Clarian Health Obligation), Series A, 5.25% due 2/15/2040 1,692
------------------------------------------------------------------------------------------------------------
5,545 Indiana State, HFA, S/F Mortgage Revenue Refunding Bonds, Series A, 6.80%
due 1/01/2017 (e) 5,605
------------------------------------------------------------------------------------------------------------
470 Indiana Transportation Finance Authority, Highway Revenue Bonds, Series A, 7.25%
due 6/01/2015 539
------------------------------------------------------------------------------------------------------------
1,530 Indiana Transportation Finance Authority, Highway Revenue Bonds, Series A, 7.25%
due 6/01/2015 1,853
------------------------------------------------------------------------------------------------------------
3,775 Indiana Transportation Finance Authority, Highway Revenue Bonds, Series A, 6.80%
due 12/01/2016 (j) 4,524
------------------------------------------------------------------------------------------------------------
8,750 Indianapolis, Indiana, Local Public Improvement Bond Bank, Revenue Refunding
Bonds, Series D, 6.75% due 2/01/2014 10,157
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Louisiana - 9.1% 5,000 Louisiana Local Government, Environmental Facilities, Community Development
Authority Revenue Bonds (Capital Projects and Equipment Acquisition),
Series A, 6.30% due 7/01/2030 (b) 5,506
------------------------------------------------------------------------------------------------------------
8,260 Louisiana Public Facilities Authority, Hospital Revenue Bonds (Franciscan
Missionaries of Our Lady Health System, Inc.), Series A, 5.25% due 8/15/2036 8,453
------------------------------------------------------------------------------------------------------------
10,000 Port New Orleans, Louisiana, IDR, Refunding (Continental Grain Company Project),
6.50% due 1/01/2017 10,226
------------------------------------------------------------------------------------------------------------
3,600 Sabine River Authority, Louisiana, Water Facilities Revenue Refunding Bonds
(International Paper Company), 6.20% due 2/01/2025 3,827
-----------------------------------------------------------------------------------------------------------------------------------
Maryland - 1.6% 2,000 Maryland State Energy Financing Administration, Solid Waste Disposal Revenue
Bonds, Limited Obligation (Wheelabrator Water Projects), AMT, 6.45% due
12/01/2016 2,071
------------------------------------------------------------------------------------------------------------
1,000 Maryland State Health and Higher Educational Facilities Authority Revenue
Bonds (University of Maryland Medical System), Series B, 7% due 7/01/2022 (d) 1,306
------------------------------------------------------------------------------------------------------------
1,240 Montgomery County, Maryland, Special Obligation, GO (West Germantown Development
District), Series A, 6.70% due 7/01/2027 (k) 1,403
-----------------------------------------------------------------------------------------------------------------------------------
Massachusetts - 5.3% 1,000 Massachusetts State College Building Authority, Project Revenue Refunding Bonds,
Senior-Series A, 7.50% due 5/01/2011 1,180
------------------------------------------------------------------------------------------------------------
1,250 Massachusetts State Development Finance Agency, Revenue Refunding Bonds (Eastern
Nazarene College), 5.625% due 4/01/2029 1,248
------------------------------------------------------------------------------------------------------------
1,100 Massachusetts State Health and Educational Facilities Authority, Revenue Bonds
(University of Massachusetts Memorial Healthcare), Series D, 5% due 7/01/2033 1,087
------------------------------------------------------------------------------------------------------------
5,000 Massachusetts State School Building Authority, Dedicated Sales Tax Revenue Bonds,
DRIVERS, Series 1052, 6.676% due 8/15/2013 (h)(m) 5,463
------------------------------------------------------------------------------------------------------------
6,000 Massachusetts State Water Resource Authority Revenue Bonds, Series A, 6.50%
due 7/15/2019 7,169
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MuniVest Fund II, Inc.
Schedule of Investments as of January 31, 2006 (In Thousands)
Face
State Amount Municipal Bonds Value
-----------------------------------------------------------------------------------------------------------------------------------
Michigan - 4.8% $ 2,300 Delta County, Michigan, Economic Development Corporation, Environmental
Improvement Revenue Refunding Bonds (Mead Westvaco-Escanaba), Series A, 6.25%
due 4/15/2012 (j) $ 2,629
------------------------------------------------------------------------------------------------------------
3,100 Flint, Michigan, Hospital Building Authority, Revenue Refunding Bonds (Hurley
Medical Center), Series A, 6% due 7/01/2020 (a) 3,380
------------------------------------------------------------------------------------------------------------
5,320 Macomb County, Michigan, Hospital Finance Authority, Hospital Revenue Bonds
(Mount Clemens General Hospital), Series B, 5.875% due 11/15/2034 5,390
------------------------------------------------------------------------------------------------------------
3,000 Pontiac, Michigan, Tax Increment Finance Authority, Revenue Refunding Bonds
(Development Area Number 3), 6.375% due 6/01/2031 3,217
-----------------------------------------------------------------------------------------------------------------------------------
Mississippi - 5.8% 5,850 Lowndes County, Mississippi, Solid Waste Disposal, PCR, Refunding (Weyerhaeuser
Company Project), Series A, 6.80% due 4/01/2022 7,008
------------------------------------------------------------------------------------------------------------
7,200 Mississippi Business Finance Corporation, Mississippi, PCR, Refunding (System
Energy Resources Inc. Project), 5.875% due 4/01/2022 7,306
------------------------------------------------------------------------------------------------------------
3,465 Mississippi Business Finance Corporation, Mississippi, PCR, Refunding (System
Energy Resources Inc. Project), 5.90% due 5/01/2022 3,519
-----------------------------------------------------------------------------------------------------------------------------------
Missouri - 0.0% 165 Missouri State Housing Development Commission, S/F Mortgage Revenue Bonds
(Homeowner Loan), AMT, Series A, 7.50% due 3/01/2031 (g) 169
-----------------------------------------------------------------------------------------------------------------------------------
Nebraska - 0.5% 625 Nebraska Investment Finance Authority, S/F Housing Revenue Bonds, AMT,
Series C, 6.30% due 9/01/2028 (f)(g) 626
------------------------------------------------------------------------------------------------------------
770 Nebraska Investment Finance Authority, S/F Housing Revenue Bonds, AMT,
Series D, 6.45% due 3/01/2028 (g) 787
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Nevada - 2.2% 3,300 Clark County, Nevada, IDR (Power Company Project), AMT, Series A, 6.70%
due 6/01/2022 (d) 3,379
------------------------------------------------------------------------------------------------------------
620 Clark County, Nevada, Improvement District Number 142 Special Assessment,
6.375% due 8/01/2023 645
------------------------------------------------------------------------------------------------------------
80 Nevada Housing Division Revenue Bonds (S/F Program), AMT, Senior Series E, 7%
due 10/01/2019 (e) 80
------------------------------------------------------------------------------------------------------------
2,500 Washoe County, Nevada, Gas Facilities Revenue Bonds (Sierra Pacific Power
Company), AMT, 6.65% due 12/01/2017 (b) 2,519
-----------------------------------------------------------------------------------------------------------------------------------
New Jersey - 9.9% 4,250 New Jersey EDA, Cigarette Tax Revenue Bonds, 5.50% due 6/15/2024 4,428
------------------------------------------------------------------------------------------------------------
1,335 New Jersey EDA, Retirement Community Revenue Bonds (Cedar Crest Village Inc.
Facility), Series A, 7.25% due 11/15/2021 1,460
------------------------------------------------------------------------------------------------------------
1,100 New Jersey EDA, Retirement Community Revenue Bonds (Cedar Crest Village Inc.
Facility), Series A, 7.25% due 11/15/2031 1,191
------------------------------------------------------------------------------------------------------------
7,155 New Jersey EDA, School Facilities Construction Revenue Bonds, Series O, 5.125%
due 3/01/2028 7,474
------------------------------------------------------------------------------------------------------------
2,975 New Jersey EDA, School Facilities Construction Revenue Bonds, Series O, 5.125%
due 3/01/2030 3,094
------------------------------------------------------------------------------------------------------------
1,325 New Jersey EDA, School Facilities Construction Revenue Bonds, Series P, 5.25%
due 9/01/2026 1,409
------------------------------------------------------------------------------------------------------------
3,000 New Jersey EDA, Special Facility Revenue Bonds (Continental Airlines Inc.
Project), AMT, 6.25% due 9/15/2029 2,775
------------------------------------------------------------------------------------------------------------
1,680 New Jersey Health Care Facilities Financing Authority Revenue Bonds (Pascack
Valley Hospital Association), 6.625% due 7/01/2036 1,677
------------------------------------------------------------------------------------------------------------
MuniVest Fund II, Inc.
Schedule of Investments as of January 31, 2006 (In Thousands)
Face
State Amount Municipal Bonds Value
-----------------------------------------------------------------------------------------------------------------------------------
$ 5,785 Tobacco Settlement Financing Corporation of New Jersey, Asset-Backed Revenue
Bonds, 7% due 6/01/2041 $ 6,606
-----------------------------------------------------------------------------------------------------------------------------------
New Mexico - 1.1% 3,160 Farmington, New Mexico, PCR, Refunding (Tucson Electric Power Co.-San Juan
Project), Series A, 6.95% due 10/01/2020 3,293
-----------------------------------------------------------------------------------------------------------------------------------
New York - 17.2% 4,000 Metropolitan Transportation Authority, New York, Revenue Refunding Bonds,
Series A, 5.125% due 11/15/2031 4,203
------------------------------------------------------------------------------------------------------------
3,650 Metropolitan Transportation Authority, New York, Transportation Revenue
Refunding Bonds, Series F, 5% due 11/15/2030 3,759
------------------------------------------------------------------------------------------------------------
690 New York City, New York, City IDA, Civic Facility Revenue Bonds, Series C,
6.80% due 6/01/2028 744
------------------------------------------------------------------------------------------------------------
890 New York City, New York, City IDA, Civic Facility Revenue Bonds (Special Needs
Facility Pooled Program), Series C-1, 6.50% due 7/01/2017 929
------------------------------------------------------------------------------------------------------------
1,920 New York City, New York, City IDA, Special Facility Revenue Bonds (British
Airways Plc Project), AMT, 7.625% due 12/01/2032 2,092
------------------------------------------------------------------------------------------------------------
6,930 New York City, New York, City Municipal Financing Authority, Water and Sewer
Systems Revenue Bonds, Series B, 5% due 6/15/2036 7,191
------------------------------------------------------------------------------------------------------------
3,375 New York City, New York, City Transitional Finance Authority Revenue Bonds, RIB,
Series 283, 9.18% due 11/15/2018 (m) 4,193
------------------------------------------------------------------------------------------------------------
530 New York City, New York, GO, Refunding, Series A, 6.375% due 5/15/2015 (d) 591
------------------------------------------------------------------------------------------------------------
3,400 New York City, New York, GO, Refunding, Series G, 5% due 12/01/2033 3,490
------------------------------------------------------------------------------------------------------------
3,500 New York City, New York, GO, Series F, 5.25% due 1/15/2033 3,672
------------------------------------------------------------------------------------------------------------
7,000 New York State Dormitory Authority, Revenue Refunding Bonds, RIB, Series 305,
8.68% due 5/15/2015 (i)(m) 8,463
------------------------------------------------------------------------------------------------------------
9,150 New York State Dormitory Authority, State Personal Income Tax Revenue Bonds
(Education), Series F, 5% due 3/15/2035 9,454
------------------------------------------------------------------------------------------------------------
1,000 Westchester County, New York, IDA, Civic Facility Revenue Bonds (Special Needs
Facilities Pooled Program), Series E-1, 6.50% due 7/01/2017 1,035
------------------------------------------------------------------------------------------------------------
2,690 Westchester County, New York, IDA, Continuing Care Retirement, Mortgage Revenue
Bonds (Kendal on Hudson Project), Series A, 6.50% due 1/01/2034 2,868
-----------------------------------------------------------------------------------------------------------------------------------
North Carolina - 2.2% 1,675 Gaston County, North Carolina, Industrial Facilities and Pollution Control
Financing Authority, Revenue Bonds (National Gypsum Company Project), AMT,
5.75% due 8/01/2035 1,754
------------------------------------------------------------------------------------------------------------
1,400 Haywood County, North Carolina, Industrial Facilities and Pollution Control
Financing Authority Revenue Bonds (Champion International Corporation Project),
AMT, 6.25% due 9/01/2025 1,430
------------------------------------------------------------------------------------------------------------
2,000 North Carolina Medical Care Commission, Health Care Housing Revenue Bonds
(The ARC of North Carolina Projects), Series A, 5.80% due 10/01/2034 2,058
------------------------------------------------------------------------------------------------------------
1,500 North Carolina Medical Care Commission, Retirement Facilities, First Mortgage
Revenue Bonds (Givens Estates Project), Series A, 6.375% due 7/01/2023 1,596
-----------------------------------------------------------------------------------------------------------------------------------
MuniVest Fund II, Inc.
Schedule of Investments as of January 31, 2006 (In Thousands)
Face
State Amount Municipal Bonds Value
-----------------------------------------------------------------------------------------------------------------------------------
Oklahoma - 0.6% $ 1,600 Norman, Oklahoma, Regional Hospital Authority, Hospital Revenue Bonds, 5.375%
due 9/01/2029 $ 1,608
------------------------------------------------------------------------------------------------------------
300 Oklahoma State Industries Authority, Revenue Refunding Bonds (Integris
Baptist), VRDN, Series B, 3.06% due 8/15/2029 (i)(l) 300
-----------------------------------------------------------------------------------------------------------------------------------
Pennsylvania - 5.7% 1,235 Allegheny County, Pennsylvania, IDA, Environmental Improvement Revenue Refunding
Bonds, 5.50% due 11/01/2016 1,264
------------------------------------------------------------------------------------------------------------
880 Bucks County, Pennsylvania, IDA, Retirement Community Revenue Bonds (Ann's
Choice Inc.), Series A, 6.125% due 1/01/2025 911
------------------------------------------------------------------------------------------------------------
2,000 Delaware River Port Authority of Pennsylvania and New Jersey Revenue Bonds, RIB,
Series 396, 8.683% due 1/01/2019 (h)(m) 2,350
------------------------------------------------------------------------------------------------------------
470 Montgomery County, Pennsylvania, IDA, Revenue Bonds (Whitemarsh Continuing Care
Project), 6.125% due 2/01/2028 491
------------------------------------------------------------------------------------------------------------
1,090 Montgomery County, Pennsylvania, IDA, Revenue Bonds (Whitemarsh Continuing Care
Project), 6.25% due 2/01/2035 1,140
------------------------------------------------------------------------------------------------------------
2,000 Pennsylvania Economic Development Financing Authority, Exempt Facilities
Revenue Bonds (National Gypsum Company), AMT, Series B, 6.125% due 11/01/2027 2,114
------------------------------------------------------------------------------------------------------------
1,250 Pennsylvania State Higher Educational Facilities Authority Revenue Bonds
(University of Pennsylvania Medical Center Health System), Series A, 6%
due 1/15/2031 1,365
------------------------------------------------------------------------------------------------------------
1,265 Philadelphia, Pennsylvania, Authority for IDR, Commercial Development, 7.75%
due 12/01/2017 1,280
------------------------------------------------------------------------------------------------------------
2,425 Sayre, Pennsylvania, Health Care Facilities Authority, Revenue Bonds (Guthrie
Healthcare System), Series B, 5.85% due 12/01/2020 2,625
------------------------------------------------------------------------------------------------------------
3,350 Sayre, Pennsylvania, Health Care Facilities Authority, Revenue Bonds (Guthrie
Healthcare System), Series B, 7.125% due 12/01/2031 3,964
-----------------------------------------------------------------------------------------------------------------------------------
Rhode Island - 0.4% 1,140 Rhode Island State Health and Educational Building Corporation, Hospital
Financing Revenue Bonds (Lifespan Obligation Group), 6.50% due 8/15/2012 (j) 1,250
-----------------------------------------------------------------------------------------------------------------------------------
South Carolina - 1.5% 1,200 Lexington County, South Carolina, Health Services District Inc., Hospital
Revenue Bonds (Lexington Medical Center), 5.50% due 5/01/2032 1,253
------------------------------------------------------------------------------------------------------------
1,500 Lexington County, South Carolina, Health Services District Inc., Hospital
Revenue Refunding and Improvement Bonds, 5.50% due 11/01/2032 1,565
------------------------------------------------------------------------------------------------------------
1,230 Medical University Hospital Authority, South Carolina, Hospital Facilities
Revenue Refunding Bonds, 6.50% due 8/15/2012 (j) 1,434
------------------------------------------------------------------------------------------------------------
195 South Carolina Housing Finance and Development Authority, Mortgage Revenue
Bonds, AMT, Series A, 6.70% due 7/01/2027 199
-----------------------------------------------------------------------------------------------------------------------------------
Tennessee - 3.6% 1,000 Johnson City, Tennessee, Health and Educational Facilities Board, Retirement
Facility Revenue Bonds (Appalachian Christian Village Project), Series A, 6%
due 2/15/2024 1,010
------------------------------------------------------------------------------------------------------------
4,000 McMinn County, Tennessee, IDB, Solid Waste Revenue Bonds (Recycling
Facility-Calhoun Newsprint), AMT, 7.40% due 12/01/2022 4,034
------------------------------------------------------------------------------------------------------------
1,825 Shelby County, Tennessee, Health, Educational and Housing Facility Board,
Hospital Revenue Refunding Bonds (Methodist Healthcare), 6.50% due 9/01/2012 (j) 2,130
-----------------------------------------------------------------------------------------------------------------------------------
MuniVest Fund II, Inc.
Schedule of Investments as of January 31, 2006 (In Thousands)
Face
State Amount Municipal Bonds Value
-----------------------------------------------------------------------------------------------------------------------------------
$ 3,175 Shelby County, Tennessee, Health, Educational and Housing Facility Board,
Hospital Revenue Refunding Bonds (Methodist Healthcare), 6.50% due 9/01/2012 (j) $ 3,705
-----------------------------------------------------------------------------------------------------------------------------------
Texas - 18.2% 1,600 Austin, Texas, Convention Center Revenue Bonds (Convention Enterprises Inc.),
First Tier, Series A, 6.70% due 1/01/2028 1,708
------------------------------------------------------------------------------------------------------------
4,510 Austin, Texas, Convention Center Revenue Bonds (Convention Enterprises Inc.),
First Tier, Series A, 6.70% due 1/01/2032 4,760
------------------------------------------------------------------------------------------------------------
1,500 Brazos River Authority, Texas, PCR, Refunding (Texas Utility Company), AMT,
Series A, 7.70% due 4/01/2033 1,755
------------------------------------------------------------------------------------------------------------
6,805 Brazos River Authority, Texas, PCR, Refunding (Utilities Electric Company), AMT,
Series B, 5.05% due 6/01/2030 6,839
------------------------------------------------------------------------------------------------------------
1,810 Brazos River Authority, Texas, Revenue Refunding Bonds (Reliant Energy Inc.
Project), Series B, 7.75% due 12/01/2018 1,979
------------------------------------------------------------------------------------------------------------
5,800 Brazos River, Texas, Harbor Navigation District, Brazoria County, Environmental
Revenue Refunding Bonds (Dow Chemical Company Project), AMT, Series A-7, 6.625%
due 5/15/2033 6,427
------------------------------------------------------------------------------------------------------------
2,500 Guadalupe-Blanco River Authority, Texas, Sewage and Solid Waste Disposal
Facility Revenue Bonds (E. I. du Pont de Nemours and Company Project), AMT,
6.40% due 4/01/2026 2,559
------------------------------------------------------------------------------------------------------------
2,500 Gulf Coast, Texas, Waste Disposal Authority, Revenue Refunding Bonds
(International Paper Company), AMT, Series A, 6.10% due 8/01/2024 2,641
------------------------------------------------------------------------------------------------------------
1,500 Harris County, Texas, Health Facilities Development Corporation, Hospital
Revenue Bonds (Texas Children's Hospital), VRDN, Series B-1, 3.09% due
10/01/2029 (i)(l) 1,500
------------------------------------------------------------------------------------------------------------
5,000 Harris County, Texas, Health Facilities Development Corporation, Revenue
Refunding Bonds, DRIVERS, Series 1018, 8.154% due 7/01/2010 (m) 6,842
------------------------------------------------------------------------------------------------------------
3,440 Matagorda County, Texas, Navigation District Number 1, Revenue Refunding Bonds
(Reliant Energy Inc.), Series C, 8% due 5/01/2029 3,726
------------------------------------------------------------------------------------------------------------
3,060 Port Corpus Christi, Texas, Individual Development Corporation, Environmental
Facilities Revenue Bonds (Citgo Petroleum Corporation Project), AMT, 8.25%
due 11/01/2031 3,224
------------------------------------------------------------------------------------------------------------
2,500 Port Corpus Christi, Texas, Revenue Refunding Bonds (Celanese Project), AMT,
Series B, 6.70% due 11/01/2030 2,658
------------------------------------------------------------------------------------------------------------
800 Port Corpus Christi, Texas, Revenue Refunding Bonds (Celanese Project),
Series A, 6.45% due 11/01/2030 844
------------------------------------------------------------------------------------------------------------
3,670 Sabine River Authority, Texas, PCR, Refunding (TXU Electric Company Project/TXU
Energy Company LLC), Series C, 5.20% due 5/01/2028 3,698
------------------------------------------------------------------------------------------------------------
3,750 San Antonio, Texas, Electric and Gas Revenue Bonds, RIB, Series 469x, 8.22%
due 2/01/2014 (m) 4,392
-----------------------------------------------------------------------------------------------------------------------------------
Virginia - 2.8% 1,000 Chesterfield County, Virginia, IDA, PCR, Refunding (Virginia Electric and Power
Company), Series B, 5.875% due 6/01/2017 1,091
------------------------------------------------------------------------------------------------------------
7,215 Pocahontas Parkway Association, Virginia, Toll Road Revenue Bonds,
Senior-Series A, 5.50% due 8/15/2028 7,420
-----------------------------------------------------------------------------------------------------------------------------------
MuniVest Fund II, Inc.
Schedule of Investments as of January 31, 2006 (In Thousands)
Face
State Amount Municipal Bonds Value
-----------------------------------------------------------------------------------------------------------------------------------
Washington - 7.7% $ 2,425 Chelan County, Washington, Public Utility District Number 001, Consolidated
Revenue Refunding Bonds (Chelan Hydro System), AMT, Series D, 6.35% due
7/01/2028 (i) $ 2,561
------------------------------------------------------------------------------------------------------------
2,250 Energy Northwest, Washington, Electric Revenue Refunding Bonds, DRIVERS,
Series 248, 8.16% due 7/01/2018 (i)(m) 2,737
------------------------------------------------------------------------------------------------------------
1,125 Energy Northwest, Washington, Electric Revenue Refunding Bonds, DRIVERS,
Series 255, 8.657% due 7/01/2018 (b)(m) 1,406
------------------------------------------------------------------------------------------------------------
5,000 Washington State, GO, Trust Receipts, Class R, Series 6, 8.643% due 1/01/2014
(h)(m) 5,925
------------------------------------------------------------------------------------------------------------
2,200 Washington State Health Care Facilities Authority Revenue Bonds (Kadlec
Medical Center), 6% due 12/01/2030 (k) 2,381
------------------------------------------------------------------------------------------------------------
5,000 Washington State Public Power Supply System, Revenue Refunding Bonds
(Nuclear Project Number 1), Series B, 7.125% due 7/01/2016 6,247
------------------------------------------------------------------------------------------------------------
1,900 Washington State Public Power Supply System Revenue Refunding Bonds (Nuclear
Project Number 3), Series B, 7.125% due 7/01/2016 (i) 2,383
-----------------------------------------------------------------------------------------------------------------------------------
Wisconsin - 1.5% 1,995 Badger Tobacco Asset Securitization Corporation, Wisconsin, Asset-Backed Revenue
Bonds, 6.125% due 6/01/2027 2,113
------------------------------------------------------------------------------------------------------------
2,215 Wisconsin State Health and Educational Facilities Authority Revenue Bonds
(Synergyhealth Inc.), 6% due 11/15/2032 2,366
-----------------------------------------------------------------------------------------------------------------------------------
U.S. Virgin Islands - 6,000 Virgin Islands Government Refinery Facilities, Revenue Refunding Bonds (Hovensa
2.2% Coker Project), AMT, 6.50% due 7/01/2021 6,778
-----------------------------------------------------------------------------------------------------------------------------------
Total Investments (Cost - $439,543*) - 155.0% 473,844
Other Assets Less Liabilities - 2.3% 6,887
Preferred Stock, at Redemption Value - (57.3%) (175,048)
-----------
Net Assets Applicable to Common Stock - 100.0% $ 305,683
===========
* The cost and unrealized appreciation (depreciation) of investments as of
January 31, 2006, as computed for federal income tax purposes, were as
follows:
Aggregate cost $ 439,585
=========
Gross unrealized appreciation $ 34,707
Gross unrealized depreciation (448)
---------
Net unrealized appreciation $ 34,259
=========
(a) ACA Insured.
(b) AMBAC Insured.
(c) Escrowed to maturity.
(d) FGIC Insured.
(e) FHA Insured.
(f) FHLMC Collateralized.
(g) FNMA/GNMA Collateralized.
MuniVest Fund II, Inc.
Schedule of Investments as of January 31, 2006
(h) FSA Insured.
(i) MBIA Insured.
(j) Prerefunded.
(k) Radian Insured.
(l) Security may have a maturity of more than one year at time of issuance,
but has variable rate and demand features that qualify it as a short-term
security. The rate disclosed is that currently in effect. This rate
changes periodically based upon prevailing market rates.
(m) The rate disclosed is that currently in effect. This rate changes
periodically and inversely based upon prevailing market rates.
Item 2 - Controls and Procedures
2(a) - The registrant's certifying officers have reasonably designed such
disclosure controls and procedures to ensure material information
relating to the registrant is made known to us by others particularly
during the period in which this report is being prepared. The
registrant's certifying officers have determined that the registrant's
disclosure controls and procedures are effective based on our evaluation
of these controls and procedures as of a date within 90 days prior to the
filing date of this report.
2(b) - There were no changes in the registrant's internal control over financial
reporting (as defined in Rule 30a-3(d) under the Act (17 CFR
270.30a-3(d)) that occurred during the last fiscal quarter of the period
covered by this report that has materially affected, or is 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.
MuniVest Fund II, Inc.
By: /s/ Robert C. Doll, Jr.
---------------------------------
Robert C. Doll, Jr.
Chief Executive Officer
MuniVest Fund II, Inc.
Date: March 20, 2006
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/ Robert C. Doll, Jr.
---------------------------------
Robert C. Doll, Jr.
Chief Executive Officer
MuniVest Fund II, Inc.
Date: March 20, 2006
By: /s/ Donald C. Burke
---------------------------------
Donald C. Burke
Chief Financial Officer
MuniVest Fund II, Inc.
Date: March 20, 2006