Fund Description: BlackRock MuniHoldings Quality Fund II, formerly BlackRock MuniHoldings Insured Fund II, is an exchange-traded closed-end fund or a closed-end ETF which is officially described as a non-diversified, closed-end management investment company. INVESTMENT OBJECTIVE: The BlackRock MuniHoldings Quality Fund II seeks to provide current income exempt from federal income taxes. FUND STRATEGY: The Fund seeks to achieve its investment objective by investing primarily in a portfolio of long-term, investment-grade municipal obligations, the interest on which, in the opinion of bond counsel to the issuer, is exempt from federal income taxes. The Fund invests at least 80% of its assets in municipal obligations with remaining maturities of one year or more at the time of investment. The Fund may invest directly in such securities or synthetically through the use of derivatives. The Funds sector allocation includes county/city/special district/school district, utilities, transportation, health, corporate, state, housing, education and tobacco. FUND MANAGEMENT: BlackRock Advisors, LLC serves as the Fund’s investment adviser.