Schedule of Investments (unaudited) January 31, 2021 | BlackRock MuniYield Quality Fund II, Inc. (MQT) (Percentages shown are based on Net Assets) |
Security | Par (000) | Value | ||||||
Municipal Bonds | ||||||||
Alabama — 0.6% | ||||||||
City of Birmingham Alabama, GO, CAB, | $ | 915 | $ | 1,080,698 | ||||
Homewood Educational Building Authority, Refunding RB | ||||||||
Series A, 5.00%, 12/01/34 | 240 | 294,391 | ||||||
Series A, 5.00%, 12/01/47 | 655 | 780,452 | ||||||
|
| |||||||
2,155,541 | ||||||||
Alaska — 0.3% | ||||||||
Alaska Industrial Development & Export Authority, RB, Series A, 5.50%, 10/01/41 | 850 | 879,206 | ||||||
|
| |||||||
Arizona — 2.2% | ||||||||
Arizona Industrial Development Authority, RB(a) | ||||||||
5.00%, 07/01/54 | 545 | 581,815 | ||||||
Series A, 5.00%, 07/01/39 | 480 | 495,850 | ||||||
Series A, 5.00%, 07/01/49 | 545 | 557,437 | ||||||
Series A, 5.00%, 07/01/54 | 420 | 428,354 | ||||||
City of Phoenix Civic Improvement Corp., Refunding RB, AMT, Senior Lien, 5.00%, 07/01/32 | 1,000 | 1,106,430 | ||||||
Glendale Industrial Development Authority, RB, 5.00%, 05/15/56 | 305 | 343,207 | ||||||
Industrial Development Authority of the County of Pima, RB(a) | ||||||||
5.00%, 07/01/39 | 500 | 520,410 | ||||||
5.00%, 06/15/47 | 830 | 839,968 | ||||||
Industrial Development Authority of the County of Pima, Refunding RB(a) | ||||||||
5.00%, 06/15/49 | 485 | 502,038 | ||||||
5.00%, 06/15/52 | 470 | 485,717 | ||||||
Maricopa County Industrial Development Authority, Refunding RB | ||||||||
5.00%, 07/01/39(a) | 200 | 222,572 | ||||||
5.00%, 07/01/54(a) | 470 | 505,983 | ||||||
Series A, 5.00%, 09/01/36 | 575 | 718,664 | ||||||
|
| |||||||
7,308,445 | ||||||||
Arkansas — 0.5% | ||||||||
Arkansas Development Finance Authority, RB, AMT, 4.50%, 09/01/49(a) | 1,375 | 1,515,154 | ||||||
|
| |||||||
California — 8.2% | ||||||||
California Health Facilities Financing Authority, Refunding RB | ||||||||
Series A, 5.00%, 07/01/37 | 945 | 1,049,451 | ||||||
Sub-Series A-2, 5.00%, 11/01/47 | 1,140 | 1,812,919 | ||||||
California Statewide Communities Development Authority, RB, Series A, 5.00%, 04/01/42 | 1,290 | 1,358,551 | ||||||
California Statewide Communities Development Authority, Refunding RB, Series A, 4.00%, 12/01/53 | 865 | 915,853 | ||||||
Golden State Tobacco Securitization Corp., Refunding RB | ||||||||
Series A-1, 3.50%, 06/01/36 | 1,170 | 1,197,226 | ||||||
Series A-1, 5.00%, 06/01/47 | 785 | 816,526 | ||||||
Mount San Antonio Community College District, Refunding GO, CAB, Series A, Convertible, 6.25%, 08/01/43(b) | 5,000 | 5,521,150 | ||||||
Norman Y Mineta San Jose International Airport SJC, Refunding RB | ||||||||
Series A, AMT, 5.00%, 03/01/36 | 365 | 443,322 | ||||||
Series A, AMT, 5.00%, 03/01/37 | 400 | 485,452 |
Security | Par (000) | Value | ||||||
California (continued) | ||||||||
Norman Y Mineta San Jose International Airport SJC, Refunding RB (continued) | $ | 700 | $ | 702,912 | ||||
San Diego Community College District, GO, CAB(c) | ||||||||
0.00%, 08/01/31 | 1,855 | 1,161,712 | ||||||
0.00%, 08/01/32 | 2,320 | 1,365,297 | ||||||
San Diego Unified School District, GO, CAB(c) | ||||||||
Series C, 0.00%, 07/01/38 | 1,400 | 992,124 | ||||||
Series G, 0.00%, 01/01/24(d) | 2,730 | 1,408,608 | ||||||
San Diego Unified School District, Refunding GO, CAB, Series R-1, 0.00%, 07/01/31(c) | 1,110 | 976,267 | ||||||
San Francisco City & County Airport Comm-San Francisco International Airport, Refunding ARB, Series A, AMT, 5.00%, 05/01/49 | 705 | 867,982 | ||||||
San Marcos Unified School District, GO, | 1,090 | 1,116,618 | ||||||
State of California, GO, 5.00%, 04/01/42 | 1,500 | 1,581,810 | ||||||
Yosemite Community College District, GO(c) | ||||||||
Series D, 0.00%, 08/01/36 | 2,000 | 1,484,760 | ||||||
Series D, 0.00%, 08/01/37 | 2,790 | 2,013,878 | ||||||
|
| |||||||
27,272,418 | ||||||||
Colorado — 1.9% | ||||||||
City & County of Denver Colorado, COP, | 1,165 | 1,298,486 | ||||||
Colorado Health Facilities Authority, RB, | 945 | 1,065,469 | ||||||
Colorado Health Facilities Authority, Refunding RB, Series A, 4.00%, 08/01/44 | 940 | 1,078,048 | ||||||
Regional Transportation District, COP, Series A, 5.00%, 06/01/39 | 2,500 | 2,761,725 | ||||||
|
| |||||||
6,203,728 | ||||||||
Connecticut — 0.3% | ||||||||
Connecticut Housing Finance Authority, Refunding RB, S/F Housing, Series A-1, 3.80%, 11/15/39 | 225 | 250,292 | ||||||
State of Connecticut, GO, Series C, 5.00%, 06/15/32 | 545 | 695,159 | ||||||
|
| |||||||
945,451 | ||||||||
District of Columbia — 0.3% | ||||||||
Metropolitan Washington Airports Authority Dulles Toll Road Revenue, Refunding RB, Series B, Subordinate, 4.00%, 10/01/49 | 875 | 994,560 | ||||||
|
| |||||||
Florida — 10.4% | ||||||||
Brevard County Health Facilities Authority, Refunding RB, 5.00%, 04/01/39 | 1,420 | 1,601,689 | ||||||
Capital Trust Agency, Inc., RB, Series A, 5.00%, 06/01/55(a) | 480 | 485,702 | ||||||
City of Tampa Florida, RB, CAB(c) | ||||||||
Series A, 0.00%, 09/01/49 | 525 | 186,149 | ||||||
Series A, 0.00%, 09/01/53 | 560 | 165,054 | ||||||
County of Lee Florida Airport Revenue, Refunding RB | ||||||||
Series A, AMT, 5.63%, 10/01/26 | 825 | 847,555 | ||||||
Series A, AMT, 5.38%, 10/01/32 | 1,100 | 1,128,325 | ||||||
County of Miami-Dade Florida Aviation Revenue, Refunding ARB, Series A, AMT, 5.00%, 10/01/38 | 425 | 499,413 | ||||||
County of Miami-Dade Florida Aviation Revenue, Refunding RB | ||||||||
AMT, 5.00%, 10/01/34 | 160 | 183,824 | ||||||
Series A, AMT, 5.00%, 10/01/22(d) | 1,730 | 1,865,840 | ||||||
County of Miami-Dade Seaport Department, ARB Series A, 6.00%, 10/01/38 | 1,780 | 2,035,430 |
SCHEDULE OF INVESTMENTS | 1 |
Schedule of Investments (unaudited) (continued) January 31, 2021 | BlackRock MuniYield Quality Fund II, Inc. (MQT) (Percentages shown are based on Net Assets) |
Security | Par (000) | Value | ||||||
Florida (continued) | ||||||||
County of Miami-Dade Seaport Department, ARB (continued) | ||||||||
Series B, AMT, 6.00%, 10/01/30 | $ | 570 | $ | 649,880 | ||||
Series B, AMT, 6.25%, 10/01/38 | 360 | 411,656 | ||||||
Series B, AMT, 6.00%, 10/01/42 | 580 | 662,256 | ||||||
County of Osceola Florida Transportation Revenue, Refunding RB, CAB(c) | ||||||||
Series A-2, 0.00%, 10/01/41 | 505 | 261,843 | ||||||
Series A-2, 0.00%, 10/01/42 | 675 | 336,967 | ||||||
Series A-2, 0.00%, 10/01/43 | 615 | 294,936 | ||||||
Series A-2, 0.00%, 10/01/44 | 625 | 288,638 | ||||||
Series A-2, 0.00%, 10/01/45 | 525 | 233,504 | ||||||
Florida Development Finance Corp., RB(a) | ||||||||
AMT, 5.00%, 05/01/29 | 480 | 512,669 | ||||||
Series A, AMT, 5.00%, 08/01/29(e) | 185 | 192,539 | ||||||
Florida Development Finance Corp., Refunding RB, Series C, 5.00%, 09/15/50(a) | 270 | 290,226 | ||||||
Florida Ports Financing Commission, Refunding RB, Series B, AMT, 5.38%, 10/01/29 | 2,400 | 2,479,944 | ||||||
Greater Orlando Aviation Authority, ARB | ||||||||
Sub-Series A, AMT, 5.00%, 10/01/37 | 660 | 803,939 | ||||||
Sub-Series A, AMT, 5.00%, 10/01/47 | 2,170 | 2,569,692 | ||||||
Sub-Series A, AMT, 5.00%, 10/01/52 | 1,330 | 1,565,530 | ||||||
Lakewood Ranch Stewardship District, SAB, S/F Housing | ||||||||
4.00%, 05/01/40 | 235 | 249,373 | ||||||
4.00%, 05/01/50 | 395 | 412,344 | ||||||
Miami-Dade County Educational Facilities Authority, Refunding RB, Series A, 5.00%, 04/01/40 | 2,635 | 3,006,482 | ||||||
Orange County Health Facilities Authority, Refunding RB | ||||||||
5.00%, 08/01/41 | 495 | 553,331 | ||||||
5.00%, 08/01/47 | 1,435 | 1,581,169 | ||||||
Orange County Housing Finance Authority, RB, S/F Housing, Series A, (FHLMC, FNMA, GNMA), 3.75%, 09/01/47 | 225 | 243,160 | ||||||
Palm Beach County Health Facilities Authority, RB, Series B, 4.00%, 11/15/41 | 140 | 156,366 | ||||||
Palm Beach County Solid Waste Authority, Refunding RB | ||||||||
Series B, 5.00%, 10/01/21(d) | 30 | 30,978 | ||||||
Series B, 5.00%, 10/01/31 | 1,870 | 1,930,139 | ||||||
Putnam County Development Authority, Refunding RB, | 1,560 | 1,911,624 | ||||||
Reedy Creek Improvement District, GO, | 1,040 | 1,163,989 | ||||||
State of Florida, GO, Series B, 4.00%, 07/01/39 | 1,840 | 2,229,270 | ||||||
Storey Creek Community Development District, SAB, 4.13%, 12/15/49 | 500 | 521,405 | ||||||
|
| |||||||
34,542,830 | ||||||||
Georgia — 1.4% | ||||||||
Gainesville & Hall County Hospital Authority, Refunding RB, Series A, (GTD), 5.50%, 08/15/54 | 440 | 523,142 | ||||||
LaGrange-Troup County Hospital Authority, Refunding RB, 4.00%, 04/01/47 | 1,110 | 1,241,990 | ||||||
Main Street Natural Gas, Inc., RB, Series A, 5.00%, 05/15/43 | 615 | 752,489 | ||||||
Municipal Electric Authority of Georgia, RB 4.00%, 01/01/49 | 470 | 537,351 |
Security | Par (000) | Value | ||||||
Georgia (continued) | ||||||||
Municipal Electric Authority of Georgia, RB (continued) | $ | 645 | $ | 778,567 | ||||
Private Colleges & Universities Authority, RB | ||||||||
5.00%, 04/01/33 | 120 | 136,058 | ||||||
5.00%, 04/01/44 | 550 | 611,144 | ||||||
|
| |||||||
4,580,741 | ||||||||
Hawaii — 0.4% | ||||||||
State of Hawaii Airports System Revenue, ARB, | 1,150 | 1,329,193 | ||||||
|
| |||||||
Illinois — 10.4% | ||||||||
Chicago Board of Education, GO(f) | ||||||||
Series A, 5.00%, 12/01/34 | 265 | 333,828 | ||||||
Series A, 5.00%, 12/01/35 | 245 | 307,771 | ||||||
Series A, 5.00%, 12/01/36 | 230 | 288,337 | ||||||
Series A, 5.00%, 12/01/37 | 245 | 306,899 | ||||||
Series A, 5.00%, 12/01/38 | 200 | 250,328 | ||||||
Series A, 5.00%, 12/01/39 | 560 | 700,185 | ||||||
Series A, 5.00%, 12/01/40 | 730 | 912,164 | ||||||
Series A, 5.00%, 12/01/41 | 470 | 585,498 | ||||||
Chicago Board of Education, Refunding GO | ||||||||
Series A, 5.00%, 12/01/28 | 205 | 259,815 | ||||||
Series A, 5.00%, 12/01/29 | 250 | 321,590 | ||||||
Series A, 5.00%, 12/01/30 | 840 | 1,070,521 | ||||||
Chicago Board of Education, Refunding GO, CAB, Series A, 0.00%, 12/01/25(c) | 225 | 208,269 | ||||||
Chicago Midway International Airport, Refunding ARB, Series A, 2nd Lien, AMT, 5.00%, 01/01/34 | 505 | 562,454 | ||||||
Chicago O’Hare International Airport, ARB, Series D, Senior Lien, 5.25%, 01/01/42 | 2,585 | 3,180,429 | ||||||
Chicago O’Hare International Airport, Refunding ARB, Series C, AMT, Senior Lien, 5.38%, 01/01/39 | 3,235 | 3,517,254 | ||||||
Chicago Transit Authority Sales Tax Receipts Fund, RB, 5.25%, 12/01/21(d) | 515 | 536,908 | ||||||
Illinois Finance Authority, RB, Series A, 5.75%, 08/15/34 | 400 | 411,892 | ||||||
Illinois Finance Authority, Refunding RB | ||||||||
Series C, 4.13%, 08/15/37 | 665 | 731,261 | ||||||
Series C, 5.00%, 08/15/44 | 305 | 344,900 | ||||||
Illinois Housing Development Authority, RB, S/F Housing, Series A, (FHLMC, FNMA, GNMA), 4.13%, 10/01/38 | 1,200 | 1,365,996 | ||||||
Illinois State Toll Highway Authority, RB, Series B, 5.00%, 01/01/37 | 2,465 | 2,962,758 | ||||||
Metropolitan Pier & Exposition Authority, RB, Series A, 5.00%, 06/15/57 | 670 | 781,481 | ||||||
Metropolitan Pier & Exposition Authority, RB, CAB, Series A, (NPFGC), 0.00%, 12/15/36(c) | 10,000 | 6,436,600 | ||||||
Metropolitan Pier & Exposition Authority, Refunding RB, 4.00%, 06/15/50 | 515 | 569,410 | ||||||
Metropolitan Pier & Exposition Authority, Refunding RB, CAB, Series B, (AGM), 0.00%, 06/15/44(c) | 2,980 | 1,479,749 | ||||||
Railsplitter Tobacco Settlement Authority, RB, 6.00%, 06/01/21(d) | 575 | 586,270 | ||||||
Regional Transportation Authority, RB, Series B, (NPFGC), 5.75%, 06/01/33 | 2,000 | 2,786,520 | ||||||
State of Illinois, GO | ||||||||
5.25%, 02/01/32 | 870 | 972,077 | ||||||
5.50%, 07/01/33 | 710 | 777,784 |
2 |
Schedule of Investments (unaudited) (continued) January 31, 2021 | BlackRock MuniYield Quality Fund II, Inc. (MQT) (Percentages shown are based on Net Assets) |
Security | Par (000) | Value | ||||||
Illinois (continued) | ||||||||
State of Illinois, GO (continued) | ||||||||
5.25%, 02/01/34 | $ | 600 | $ | 669,414 | ||||
5.50%, 07/01/38 | 390 | 425,981 | ||||||
|
| |||||||
34,644,343 | ||||||||
Indiana — 0.7% | ||||||||
Indiana Finance Authority, RB | ||||||||
Series A, 1st Lien, 5.25%, 10/01/38 | 1,000 | 1,032,410 | ||||||
Series A, AMT, 5.00%, 07/01/40 | 770 | 830,222 | ||||||
Series A, AMT, 5.00%, 07/01/44 | 445 | 477,934 | ||||||
|
| |||||||
2,340,566 | ||||||||
Kansas — 0.4% | ||||||||
Kansas City Industrial Development Authority, ARB, AMT, (AGM), 4.00%, 03/01/57 | 1,140 | 1,304,114 | ||||||
|
| |||||||
Louisiana — 1.7% | ||||||||
Louisiana Public Facilities Authority, Refunding RB, 5.00%, 05/15/46 | 2,400 | 2,882,208 | ||||||
New Orleans Aviation Board, ARB, Series B, AMT, 5.00%, 01/01/40 | 2,620 | 2,942,627 | ||||||
|
| |||||||
5,824,835 | ||||||||
Maine — 0.1% | ||||||||
Maine State Housing Authority, RB, S/F Housing, Series B, 3.35%, 11/15/44 | 175 | 190,001 | ||||||
|
| |||||||
Maryland — 0.5% | ||||||||
City of Baltimore Maryland, Refunding TA, Series A, Senior Lien, 3.63%, 06/01/46(a) | 655 | 658,131 | ||||||
Maryland Community Development Administration, Refunding RB, S/F Housing, Series A, 4.10%, 09/01/38 | 690 | 735,954 | ||||||
Maryland Economic Development Corp., RB, 5.00%, 07/01/56 | 145 | 172,934 | ||||||
|
| |||||||
1,567,019 | ||||||||
Massachusetts — 1.7% | ||||||||
Massachusetts Development Finance Agency, RB, Series A, 5.00%, 01/01/47 | 1,855 | 2,068,251 | ||||||
Massachusetts Development Finance Agency, Refunding RB, 4.00%, 07/01/41 | 815 | 933,150 | ||||||
Massachusetts Housing Finance Agency, RB, M/F Housing, Series A, 3.85%, 06/01/46 | 55 | 60,213 | ||||||
Massachusetts Housing Finance Agency, Refunding RB, Series A, AMT, 4.45%, 12/01/42 | 675 | 720,839 | ||||||
Massachusetts School Building Authority, RB | ||||||||
Series A, 5.00%, 05/15/23(d) | 1,110 | 1,233,721 | ||||||
Sub-Series B, 4.00%, 02/15/43 | 670 | 733,851 | ||||||
|
| |||||||
5,750,025 | ||||||||
Michigan — 4.9% | ||||||||
City of Detroit Michigan Water Supply System Revenue, RB, Series A, Senior Lien, 5.25%, 07/01/21(d) | 1,600 | 1,634,064 | ||||||
Eastern Michigan University, RB, Series A, (AGM), 4.00%, 03/01/44 | 545 | 629,181 | ||||||
Michigan Finance Authority, Refunding RB | ||||||||
5.00%, 12/01/21(d) | 15 | 15,609 | ||||||
4.00%, 11/15/46 | 1,050 | 1,164,439 | ||||||
Series A, 4.00%, 12/01/40 | 2,630 | 3,070,104 | ||||||
Michigan State Building Authority, Refunding RB(d) | ||||||||
Series I-A, 5.38%, 10/15/21 | 600 | 622,194 | ||||||
Series II-A, (AGM), 5.25%, 10/15/21 | 1,900 | 1,968,609 |
Security | Par (000) | Value | ||||||
Michigan (continued) | ||||||||
Michigan State Building Authority, Refunding | ||||||||
Series II-A, 5.38%, 10/15/21 | $ | 1,000 | $ | 1,036,990 | ||||
Michigan State Housing Development Authority, RB, M/F Housing, Series A, 4.15%, 10/01/53 | 1,680 | 1,836,559 | ||||||
Michigan State Housing Development Authority, RB, S/F Housing | ||||||||
Series B, 2.95%, 12/01/39 | 450 | 474,525 | ||||||
Series C, 4.13%, 12/01/38 | 335 | 351,613 | ||||||
Michigan State University, Refunding RB, | 570 | 700,513 | ||||||
Michigan Strategic Fund, RB, AMT, 5.00%, 12/31/43 | 1,465 | 1,780,619 | ||||||
Royal Oak Hospital Finance Authority, Refunding RB, Series D, 5.00%, 09/01/39 | 720 | 809,057 | ||||||
Western Michigan University, Refunding RB, (AGM), 5.00%, 11/15/23(d) | 340 | 382,398 | ||||||
|
| |||||||
16,476,474 | ||||||||
Nebraska — 0.9% | ||||||||
Central Plains Energy Project, RB, 5.25%, 09/01/37 | 2,650 | 2,851,665 | ||||||
|
| |||||||
New Jersey — 10.7% | ||||||||
New Jersey Economic Development Authority, RB | ||||||||
Series WW, 5.25%, 06/15/25(d) | 15 | 18,247 | ||||||
Series WW, 5.25%, 06/15/33 | 135 | 158,956 | ||||||
Series WW, 5.00%, 06/15/34 | 180 | 209,203 | ||||||
Series WW, 5.00%, 06/15/36 | 800 | 924,240 | ||||||
Series WW, 5.25%, 06/15/40 | 305 | 351,885 | ||||||
AMT, 5.13%, 01/01/34 | 610 | 678,954 | ||||||
AMT, 5.38%, 01/01/43 | 790 | 863,352 | ||||||
New Jersey Economic Development Authority, Refunding RB, | 295 | 325,087 | ||||||
New Jersey Educational Facilities Authority, Refunding RB, Series A, 5.00%, 07/01/42 | 800 | 940,256 | ||||||
New Jersey Higher Education Student Assistance Authority, RB, Series C, AMT, Subordinate, 4.25%, 12/01/50 | 800 | 834,744 | ||||||
New Jersey Higher Education Student Assistance Authority, Refunding RB | ||||||||
1st Series, AMT, 5.50%, 12/01/25 | 195 | 200,546 | ||||||
1st Series, AMT, 5.50%, 12/01/26 | 135 | 138,835 | ||||||
1st Series, AMT, 5.75%, 12/01/28 | 75 | 77,279 | ||||||
Series B, AMT, 3.25%, 12/01/39 | 2,150 | 2,239,848 | ||||||
Sub-Series C, AMT, 3.63%, 12/01/49 | 645 | 659,667 | ||||||
New Jersey Housing & Mortgage Finance Agency, Refunding RB, 2nd Series, AMT, 4.35%, 11/01/33 | 840 | 883,403 | ||||||
New Jersey Transportation Trust Fund Authority, RB | ||||||||
Series A, 5.50%, 06/15/21(d) | 3,365 | 3,431,661 | ||||||
Series A, (NPFGC), 5.75%, 06/15/25 | 1,400 | 1,691,466 | ||||||
Series A, 0.00%, 12/15/29(c) | 225 | 187,772 | ||||||
Series AA, 5.25%, 06/15/33 | 1,315 | 1,451,431 | ||||||
Series AA, 5.00%, 06/15/38 | 1,180 | 1,332,952 | ||||||
Series AA, 5.50%, 06/15/39 | 4,650 | 5,142,016 | ||||||
Series AA, 5.00%, 06/15/45 | 790 | 989,538 | ||||||
Series AA, 3.00%, 06/15/50 | 235 | 244,158 | ||||||
Series B, 5.00%, 06/15/21(d) | 3,680 | 3,746,130 | ||||||
Series D, 5.00%, 06/15/32 | 525 | 604,564 | ||||||
New Jersey Transportation Trust Fund Authority, Refunding RB, 4.00%, 12/15/39 | 925 | 1,066,580 | ||||||
South Jersey Transportation Authority, RB, Series A, 4.00%, 11/01/50 | 510 | 591,228 |
SCHEDULE OF INVESTMENTS | 3 |
Schedule of Investments (unaudited) (continued) January 31, 2021 | BlackRock MuniYield Quality Fund II, Inc. (MQT) (Percentages shown are based on Net Assets) |
Security | Par (000) | Value | ||||||
New Jersey (continued) | ||||||||
Tobacco Settlement Financing Corp., Refunding RB | ||||||||
Series A, 5.00%, 06/01/34 | $ | 820 | $ | 1,036,570 | ||||
Series A, 5.00%, 06/01/36 | 1,220 | 1,527,794 | ||||||
Series A, 4.00%, 06/01/37 | 745 | 863,507 | ||||||
Sub-Series B, 5.00%, 06/01/46 | 2,005 | 2,386,732 | ||||||
|
| |||||||
35,798,601 | ||||||||
New Mexico — 0.2% | ||||||||
City of Santa Fe New Mexico, RB, Series A, 5.00%, 05/15/39 | 170 | 185,552 | ||||||
New Mexico Hospital Equipment Loan Council, Refunding RB, Series VIC, 5.00%, 08/01/44 | 325 | 381,215 | ||||||
|
| |||||||
566,767 | ||||||||
New York — 7.7% | ||||||||
Hudson Yards Infrastructure Corp., RB, 5.75%, 02/15/47 | 230 | 231,005 | ||||||
Metropolitan Transportation Authority, Refunding RB, Series C-1, 5.00%, 11/15/56 | 1,330 | 1,528,197 | ||||||
New York City Housing Development Corp. RB, Series I-1, (FHA), 2.55%, 11/01/45 | 2,000 | 2,042,600 | ||||||
New York City Transitional Finance Authority Building Aid Revenue, RB, Series S-3, Subordinate, (SAW), 4.00%, 07/15/46 | 1,000 | 1,145,770 | ||||||
New York City Transitional Finance Authority Future Tax Secured Revenue, Refunding RB, Series B, 5.00%, 11/01/32 | 2,200 | 2,384,932 | ||||||
New York City Water & Sewer System, RB, Series DD-1, 4.00%, 06/15/48 | 5,000 | 5,748,900 | ||||||
New York City Water & Sewer System, Refunding RB, Series BB, | 1,250 | 1,306,100 | ||||||
New York Liberty Development Corp., Refunding RB, Series 1, Class 1, 5.00%, 11/15/44(a) | 975 | 1,058,070 | ||||||
New York Power Authority, Refunding RB, Series A, 4.00%, 11/15/60 | 395 | 466,167 | ||||||
New York Transportation Development Corp., ARB, Series A, AMT, 5.25%, 01/01/50 | 4,950 | 5,619,834 | ||||||
New York Transportation Development Corp., RB | ||||||||
AMT, 5.00%, 10/01/35 | 350 | 434,927 | ||||||
AMT, 5.00%, 10/01/40 | 1,000 | 1,234,060 | ||||||
Port Authority of New York & New Jersey, Refunding ARB | ||||||||
Consolidated, 186th Series, AMT, 5.00%, 10/15/36 | 555 | 643,151 | ||||||
Consolidated, 186th Series, AMT, 5.00%, 10/15/44 | 1,110 | 1,268,541 | ||||||
Series 207, AMT, 4.00%, 09/15/43 | 410 | 462,648 | ||||||
|
| |||||||
25,574,902 | ||||||||
Ohio — 2.5% | ||||||||
Buckeye Tobacco Settlement Financing Authority, Refunding RB, Series B-2, Class 2, 5.00%, 06/01/55 .. | 4,265 | 4,971,412 | ||||||
County of Butler Ohio, Refunding RB, 4.00%, 11/15/37 | 890 | 1,012,900 | ||||||
County of Lucas Ohio, Refunding RB, | 460 | 483,216 | ||||||
Ohio Housing Finance Agency, RB, S/F Housing, Series A, (FHLMC, FNMA, GNMA), 4.00%, 09/01/48 . | 205 | 223,639 | ||||||
Ohio Turnpike & Infrastructure Commission, RB | ||||||||
Series A-1, Junior Lien, 5.25%, 02/15/32 | 610 | 671,366 | ||||||
Series A-1, Junior Lien, 5.25%, 02/15/33 | 850 | 935,297 | ||||||
|
| |||||||
8,297,830 |
Security | Par (000) | Value | ||||||
Oklahoma — 0.2% | ||||||||
Oklahoma Turnpike Authority, RB, Series A, 4.00%, 01/01/48 | $ | 495 | $ | 564,216 | ||||
|
| |||||||
Oregon — 0.4% | ||||||||
Clackamas Community College District, GO, Series A, 5.00%, 06/15/40 | 390 | 484,941 | ||||||
Clackamas County School District No.12 North Clackamas, GO, CAB, Series A, (GTD), 0.00%, 06/15/38(c) | 875 | 486,894 | ||||||
State of Oregon Housing & Community Services Department, RB, S/F Housing, Series C, 3.95%, 07/01/43 | 320 | 359,184 | ||||||
|
| |||||||
1,331,019 | ||||||||
Pennsylvania — 11.0% | ||||||||
City of Philadelphia Pennsylvania Airport Revenue, Refunding ARB | ||||||||
Series B, AMT, 5.00%, 07/01/35 | 670 | 806,204 | ||||||
Series B, AMT, 5.00%, 07/01/47 | 765 | 898,102 | ||||||
Commonwealth Financing Authority, RB (AGM), 4.00%, 06/01/39 | 935 | 1,088,995 | ||||||
Series B, 5.00%, 06/01/22(d) | 2,110 | 2,248,036 | ||||||
Montgomery County Higher Education and Health Authority, Refunding RB, Series A, 4.00%, 09/01/49 | 840 | 927,872 | ||||||
Pennsylvania Economic Development Financing Authority, RB | ||||||||
Series A-1, 4.00%, 04/15/50 | 875 | 1,021,851 | ||||||
Series B, 4.00%, 03/15/40 | 3,000 | 3,341,820 | ||||||
AMT, 5.00%, 12/31/34 | 2,220 | 2,605,037 | ||||||
AMT, 5.00%, 12/31/38 | 1,155 | 1,342,872 | ||||||
AMT, 5.00%, 06/30/42 | 3,300 | 3,797,970 | ||||||
Pennsylvania Economic Development Financing Authority, Refunding RB, Series A, 4.00%, 11/15/42 | 835 | 950,815 | ||||||
Pennsylvania Higher Education Assistance Agency, RB, Series B, AMT, Subordinate, 3.00%, 06/01/47 | 180 | 177,982 | ||||||
Pennsylvania Higher Educational Facilities Authority, Refunding RB, Series A, 5.25%, 09/01/50 | 3,175 | 3,579,971 | ||||||
Pennsylvania Housing Finance Agency, RB, S/F Housing | ||||||||
Series 127B, 3.88%, 10/01/38 | 785 | 861,051 | ||||||
Series 128B, 3.85%, 04/01/38 | 1,760 | 1,962,136 | ||||||
Pennsylvania Turnpike Commission, RB | ||||||||
Series A, 5.00%, 12/01/38 | 550 | 639,623 | ||||||
Series A-1, 5.00%, 12/01/41 | 730 | 879,285 | ||||||
Series B, 5.00%, 12/01/40 | 285 | 342,496 | ||||||
Series C, 5.50%, 12/01/23(d) | 490 | 564,519 | ||||||
Series C, 5.00%, 12/01/39 | 2,900 | 3,395,929 | ||||||
Sub-Series A-1, Subordinate, 5.00%, 12/01/41 | 1,755 | 2,073,778 | ||||||
Pennsylvania Turnpike Commission, Refunding RB | ||||||||
3rd Series, 4.00%, 12/01/38 | 1,835 | 2,143,574 | ||||||
Series A-1, 5.00%, 12/01/40 | 680 | 809,248 | ||||||
School District of Philadelphia, Refunding GO, Series F, (SAW), 5.00%, 09/01/38 | 270 | 324,678 | ||||||
|
| |||||||
36,783,844 | ||||||||
Puerto Rico — 4.4% | ||||||||
Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue, RB | 5,407 | 6,051,461 |
4 |
Schedule of Investments (unaudited) (continued) January 31, 2021 | BlackRock MuniYield Quality Fund II, Inc. (MQT) (Percentages shown are based on Net Assets) |
Security | Par (000) | Value | ||||||
Puerto Rico (continued) | ||||||||
Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue, RB (continued) | ||||||||
Series A-1, Restructured, 5.00%, 07/01/58 | $ | 3,922 | $ | 4,454,059 | ||||
Series A-2, Restructured, 4.33%, 07/01/40 | 1,324 | 1,463,510 | ||||||
Series A-2, Restructured, 4.78%, 07/01/58 | 276 | 309,302 | ||||||
Series B-1, Restructured, 4.75%, 07/01/53 | 424 | 474,494 | ||||||
Series B-2, Restructured, 4.78%, 07/01/58 | 411 | 460,480 | ||||||
Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue, RB, CAB, Series A-1, Restructured, 0.00%, 07/01/46(c) | 5,089 | 1,609,396 | ||||||
|
| |||||||
14,822,702 | ||||||||
Rhode Island — 1.2% | ||||||||
Rhode Island Turnpike & Bridge Authority, Refunding RB, Series A, 5.00%, 10/01/40 | 415 | 496,519 | ||||||
Tobacco Settlement Financing Corp., Refunding RB | ||||||||
Series B, 4.50%, 06/01/45 | 945 | 1,004,270 | ||||||
Series B, 5.00%, 06/01/50 | 2,340 | 2,530,055 | ||||||
|
| |||||||
4,030,844 | ||||||||
South Carolina — 6.4% | ||||||||
Charleston County Airport District, ARB, Series A, AMT, 5.50%, 07/01/41 | 1,360 | 1,513,830 | ||||||
County of Berkeley South Carolina, SAB | ||||||||
4.25%, 11/01/40 | 315 | 348,472 | ||||||
4.38%, 11/01/49 | 465 | 510,770 | ||||||
South Carolina Jobs-Economic Development Authority, RB | ||||||||
5.00%, 11/01/48 | 2,010 | 2,476,822 | ||||||
5.00%, 01/01/55(a) | 855 | 835,027 | ||||||
South Carolina Jobs-Economic Development Authority, Refunding RB | ||||||||
Series A, (AGM), 6.50%, 08/01/21(d) | 100 | 103,186 | ||||||
Series A, 5.00%, 05/01/38 | 2,220 | 2,729,312 | ||||||
South Carolina Ports Authority, ARB | ||||||||
AMT, 5.25%, 07/01/25(d) | 2,040 | 2,470,216 | ||||||
AMT, 5.00%, 07/01/48 | 470 | 569,212 | ||||||
South Carolina Public Service Authority, RB | ||||||||
Series A, 5.50%, 12/01/54 | 3,935 | 4,570,148 | ||||||
Series E, 5.50%, 12/01/53 | 2,820 | 3,205,889 | ||||||
South Carolina Public Service Authority, Refunding RB, Series B, 5.00%, 12/01/38 | 1,840 | 2,072,337 | ||||||
|
| |||||||
21,405,221 | ||||||||
South Dakota — 0.4% | ||||||||
South Dakota Health & Educational Facilities Authority, Refunding RB, 4.00%, 07/01/37 | 1,085 | 1,252,068 | ||||||
|
| |||||||
Tennessee — 0.6% | ||||||||
Greeneville Health & Educational Facilities Board, Refunding RB, Series A, 4.00%, 07/01/40 | 750 | 845,310 | ||||||
Metropolitan Government Nashville & Davidson County Health & Educational Facilities Building, RB, Series A, 5.00%, 07/01/46 | 1,110 | 1,281,084 | ||||||
|
| |||||||
2,126,394 | ||||||||
Texas — 15.9% | ||||||||
Brazos Higher Education Authority, Inc., RB, Series 1B, AMT, Subordinate, 3.00%, 04/01/40 | 115 | 110,681 | ||||||
Central Texas Turnpike System, RB, Series C, 5.00%, 08/15/37 | 1,240 | 1,430,476 |
Security | Par (000) | Value | ||||||
Texas (continued) | ||||||||
Central Texas Turnpike System, Refunding RB, Series A, 5.00%, 08/15/22(d) | $ | 605 | $ | 650,169 | ||||
City of Houston Texas Airport System Revenue, Refunding ARB, AMT, 5.00%, 07/15/27 | 230 | 268,543 | ||||||
City of Houston Texas Airport System Revenue, Refunding RB | ||||||||
Series A, AMT, 5.00%, 07/01/27 | 225 | 262,523 | ||||||
Series A, AMT, 6.63%, 07/15/38 | 405 | 414,108 | ||||||
Sub-Series A, AMT, 4.00%, 07/01/47 | 350 | 400,036 | ||||||
City of San Antonio Texas Electric & Gas Systems Revenue, RB, Junior Lien, 5.00%, 02/01/23(d) | 500 | 548,305 | ||||||
Dallas Fort Worth International Airport, ARB(d) | ||||||||
Series D, AMT, 5.00%, 11/01/21 | 2,940 | 3,045,737 | ||||||
Series H, AMT, 5.00%, 11/01/21 | 2,715 | 2,810,242 | ||||||
Dallas Fort Worth International Airport, Refunding RB, Series F, 5.25%, 11/01/33 | 865 | 976,525 | ||||||
Leander Independent School District, Refunding GO, CAB, Series D, (PSF), 0.00%, 08/15/38(c) | 3,020 | 1,506,285 | ||||||
Midland County Fresh Water Supply District No.1, RB, CAB, Series A, 0.00%, 09/15/36(c) | 1,850 | 1,068,042 | ||||||
New Hope Cultural Education Facilities Finance Corp., RB, Series A, 5.00%, 08/15/50(a) | 450 | 470,043 | ||||||
North Texas Tollway Authority, RB, CAB, Series C, 6.75%, 09/01/31(b)(d) | 10,000 | 15,362,800 | ||||||
North Texas Tollway Authority, Refunding RB | ||||||||
4.25%, 01/01/49 | 1,090 | 1,267,430 | ||||||
Series A, 5.00%, 01/01/43 | 790 | 974,955 | ||||||
Series B, 5.00%, 01/01/40 | 530 | 576,147 | ||||||
San Antonio Public Facilities Corp., Refunding RB, CAB(c) | ||||||||
0.00%, 09/15/35 | 1,150 | 605,843 | ||||||
0.00%, 09/15/36 | 3,875 | 1,924,906 | ||||||
0.00%, 09/15/37 | 17,775 | 8,314,434 | ||||||
Tarrant County Cultural Education Facilities Finance Corp., RB, Series B, 5.00%, 07/01/35 | 1,680 | 2,144,386 | ||||||
Tarrant County Cultural Education Facilities Finance Corp., Refunding RB, 5.25%, 12/01/39 | 750 | 846,615 | ||||||
Texas City Industrial Development Corp., RB, Series 2012, 4.13%, 12/01/45 | 260 | 285,150 | ||||||
Texas Department of Housing & Community Affairs, RB, S/F Housing, Series A, (GNMA), 4.25%, 09/01/43 | 350 | 383,814 | ||||||
Texas Municipal Gas Acquisition & Supply Corp. III Refunding RB, 5.00%, 12/15/32(f) | 125 | 171,738 | ||||||
Texas Municipal Gas Acquisition & Supply Corp. III, RB | ||||||||
5.00%, 12/15/31 | 1,030 | 1,124,719 | ||||||
5.00%, 12/15/32 | 3,445 | 3,757,255 | ||||||
Texas Private Activity Bond Surface Transportation Corp., RB, AMT, Senior Lien, 5.00%, 12/31/45 | 1,135 | 1,294,025 | ||||||
|
| |||||||
52,995,932 | ||||||||
Utah — 0.7% | ||||||||
Salt Lake City Corp. Airport Revenue, ARB | ||||||||
Series A, AMT, 5.00%, 07/01/42 | 1,095 | 1,312,325 | ||||||
Series A, AMT, 5.00%, 07/01/48 | 395 | 473,478 | ||||||
Utah Charter School Finance Authority, RB, Series A, 5.00%, 06/15/39(a) | 185 | 195,708 | ||||||
Utah Charter School Finance Authority, Refunding RB, 5.00%, 06/15/40(a) | 335 | 362,021 | ||||||
|
| |||||||
2,343,532 |
SCHEDULE OF INVESTMENTS | 5 |
Schedule of Investments (unaudited) (continued) January 31, 2021 | BlackRock MuniYield Quality Fund II, Inc. (MQT) (Percentages shown are based on Net Assets) |
Security | Par (000) | Value | ||||||
Washington — 2.2% | ||||||||
Port of Seattle Washington, ARB | ||||||||
Series A, AMT, 5.00%, 05/01/43 | $ | 1,730 | $ | 2,059,824 | ||||
Series C, AMT, 5.00%, 04/01/40 | 900 | 1,034,739 | ||||||
Snohomish County Housing Authority, Refunding RB, 4.00%, 04/01/44 | 430 | 475,460 | ||||||
Washington Health Care Facilities Authority, RB | ||||||||
4.00%, 10/01/45 | 630 | 693,662 | ||||||
Series B, 5.00%, 08/15/44 | 3,000 | 3,204,720 | ||||||
|
| |||||||
7,468,405 | ||||||||
West Virginia — 0.3% | ||||||||
West Virginia Hospital Finance Authority, RB, Series A, 4.00%, 06/01/51 | 870 | 976,340 | ||||||
|
| |||||||
Wisconsin — 1.5% | ||||||||
Public Finance Authority, RB(a) | ||||||||
Series A, 5.00%, 07/15/39 | 100 | 107,210 | ||||||
Series A, 5.00%, 07/01/40 | 300 | 316,479 | ||||||
Series A, 5.00%, 07/15/49 | 355 | 373,496 | ||||||
Series A, 5.00%, 07/15/54 | 170 | 178,051 | ||||||
Series A-1, 5.00%, 01/01/55 | 535 | 555,025 | ||||||
Public Finance Authority, Refunding RB, 5.00%, 09/01/39(a) | 295 | 306,375 | ||||||
Wisconsin Housing & Economic Development Authority, RB, M/F Housing | ||||||||
Series A, 4.15%, 11/01/48 | 1,920 | 2,154,029 | ||||||
Series A, 4.45%, 05/01/57 | 1,030 | 1,146,071 | ||||||
|
| |||||||
5,136,736 | ||||||||
|
| |||||||
Total Municipal Bonds — 114.1% | 380,151,662 | |||||||
|
| |||||||
Municipal Bonds Transferred to Tender Option Bond Trusts(g) |
| |||||||
California(h) — 1.7% | ||||||||
Bay Area Toll Authority, Refunding RB, 4.00%, 04/01/47. | 3,392 | 3,877,202 | ||||||
Los Angeles Unified School District, GO, Series B-1, 5.25%, 07/01/42 | 1,391 | 1,759,970 | ||||||
|
| |||||||
5,637,172 | ||||||||
Colorado — 1.7% | ||||||||
City & County of Denver Colorado Airport System Revenue, Refunding ARB, | 2,084 | 2,542,256 | ||||||
Colorado Health Facilities Authority, Refunding RB, Series A, 5.00%, 02/01/21 | 3,000 | 3,000,000 | ||||||
|
| |||||||
5,542,256 | ||||||||
Connecticut — 0.4% | ||||||||
Connecticut State Health & Educational Facilities Authority, Refunding RB, 5.00%, 12/01/45 | 1,231 | 1,443,284 | ||||||
|
| |||||||
District of Columbia — 1.0% | ||||||||
District of Columbia Housing Finance Agency, RB, M/F Housing, Series B-2, (FHA), 4.10%, 09/01/39 | 920 | 1,044,513 | ||||||
Metropolitan Washington Airports Authority, Refunding RB, Series A, AMT, 5.00%, 10/01/30 | 2,190 | 2,354,403 | ||||||
|
| |||||||
3,398,916 | ||||||||
Florida — 6.1% | ||||||||
City of Miami Beach Florida, RB, 5.00%, 09/01/45 | 2,740 | 3,067,402 | ||||||
City Of South Miami Health Facilities Authority, Inc., Refunding RB, 5.00%, 08/15/47 | 2,340 | 2,859,106 |
Security | Par (000) | Value | ||||||
Florida (continued) | ||||||||
County of Broward Florida Port Facilities Revenue, ARB, Series B, AMT, 4.00%, 09/01/49 | $ | 2,050 | $ | 2,351,227 | ||||
County of Miami-Dade Florida Transit System, Refunding RB, 5.00%, 07/01/22(d) | 1,540 | 1,646,691 | ||||||
County of Seminole Florida Sales Tax Revenue, Refunding RB, Series B, (NPFGC), 5.25%, 10/01/31 .. | 4,200 | 5,755,428 | ||||||
Greater Orlando Aviation Authority, ARB, Series A, AMT, 4.00%, 10/01/49(h) | 2,117 | 2,434,900 | ||||||
Miami-Dade County Expressway Authority, Refunding RB, Series A, (AGM), 5.00%, 07/01/35 | 2,100 | 2,107,770 | ||||||
|
| |||||||
20,222,524 | ||||||||
Georgia — 0.6% | ||||||||
Georgia Housing & Finance Authority, Refunding RB, Series A, 3.70%, 06/01/49 | 1,805 | 2,010,537 | ||||||
|
| |||||||
Illinois — 4.8% | ||||||||
City of Chicago IIllinois Waterworks Revenue, Refunding RB, 2nd Lien, (AGM), 5.25%, 11/01/33 | 490 | 491,798 | ||||||
Illinois State Toll Highway Authority, RB | ||||||||
Series A, 5.00%, 01/01/38 | 1,858 | 2,022,176 | ||||||
Series B, 5.00%, 01/01/40 | 930 | 1,110,395 | ||||||
Regional Transportation Authority, RB, (NPFGC), 6.50%, 07/01/26 | 10,000 | 12,525,797 | ||||||
|
| |||||||
16,150,166 | ||||||||
Louisiana — 0.5% | ||||||||
State of Louisiana Gasoline & Fuels Tax Revenue, Refunding RB, Series A, 1st Lien, 4.00%, 05/01/41 | 1,350 | 1,523,029 | ||||||
|
| |||||||
Maryland — 1.2% | ||||||||
City of Baltimore Maryland, RB | ||||||||
Series A, 5.00%, 07/01/41 | 2,478 | 2,999,183 | ||||||
Series A, 5.00%, 07/01/46 | 940 | 1,133,491 | ||||||
|
| |||||||
4,132,674 | ||||||||
Massachusetts — 0.5% | ||||||||
Commonwealth of Massachusetts, GO, | 1,321 | 1,508,217 | ||||||
|
| |||||||
Michigan — 3.2% | ||||||||
Michigan Finance Authority, RB | ||||||||
Series A, 5.00%, 11/01/44 | 1,750 | 2,027,932 | ||||||
Series A, 4.00%, 02/15/50 | 2,550 | 2,928,063 | ||||||
Michigan Finance Authority, Refunding RB, 5.00%, 12/01/21(d) | 4,685 | 4,875,071 | ||||||
Michigan State Building Authority, Refunding RB, Series I, 5.00%, 10/15/45 | 760 | 913,816 | ||||||
|
| |||||||
10,744,882 | ||||||||
Nebraska — 0.3% | ||||||||
Nebraska Investment Finance Authority, RB, S/F Housing, Series A, (FHLMC, FNMA, GNMA), 3.70%, 03/01/47 | 938 | 1,079,235 | ||||||
|
| |||||||
Nevada — 2.2% | ||||||||
County of Clark Nevada, GO, Series A, 5.00%, 06/01/38 | 2,716 | 3,433,618 | ||||||
Las Vegas Valley Water District, Refunding GO, Series A, 5.00%, 06/01/46 | 3,080 | 3,725,106 | ||||||
|
| |||||||
7,158,724 | ||||||||
New Jersey — 2.1% | ||||||||
Hudson County Improvement Authority, RB, 5.25%, 05/01/51 | 720 | 859,601 |
6 |
Schedule of Investments (unaudited) (continued) January 31, 2021 | BlackRock MuniYield Quality Fund II, Inc. (MQT) (Percentages shown are based on Net Assets) |
Security | Par (000) | Value | ||||||
New Jersey (continued) | ||||||||
New Jersey Transportation Trust Fund Authority, RB, Series B, 5.25%, 06/15/36(h) | $ | 1,580 | $ | 1,629,521 | ||||
New Jersey Turnpike Authority, Refunding RB | ||||||||
Series B, 4.00%, 01/01/37 | 2,054 | 2,394,873 | ||||||
Series G, 4.00%, 01/01/43 | 1,906 | 2,177,897 | ||||||
|
| |||||||
7,061,892 | ||||||||
New York — 7.5% | ||||||||
City of New York Water & Sewer System, RB, Series CC, 5.00%, 06/15/47 | 4,920 | 5,462,682 | ||||||
Metropolitan Transportation Authority, RB, Sub- Series D-1, 5.25%, 11/15/44 | 3,080 | 3,494,660 | ||||||
New York City Housing Development Corp., Refunding RB, Series A, 4.15%, 11/01/38 | 1,940 | 2,187,835 | ||||||
New York City Transitional Finance Authority Building Aid Revenue, RB, Series S-1, (SAW), 4.00%, 07/15/42(h) | 1,500 | 1,578,300 | ||||||
New York City Transitional Finance Authority Future Tax Secured Revenue, RB, Sub-Series A-3, 5.00%, 08/01/40(h) | 2,714 | 3,347,170 | ||||||
New York City Water & Sewer System, Refunding RB | ||||||||
Series DD, 5.00%, 06/15/35 | 1,470 | 1,700,643 | ||||||
Series FF, 5.00%, 06/15/39 | 2,595 | 3,088,024 | ||||||
Port Authority of New York & New Jersey, ARB, Series 221, AMT, 4.00%, 07/15/60 | 1,573 | 1,794,373 | ||||||
Port Authority of New York & New Jersey, Refunding ARB, Consolidated, 198th Series, 5.25%, 11/15/56 | 2,001 | 2,433,663 | ||||||
|
| |||||||
25,087,350 | ||||||||
Ohio — 1.5% | ||||||||
Northeast Ohio Regional Sewer District, Refunding RB | ||||||||
4.00%, 11/15/43 | 2,581 | 3,075,069 | ||||||
4.00%, 11/15/49(h) | 1,875 | 2,080,556 | ||||||
|
| |||||||
5,155,625 | ||||||||
Pennsylvania — 1.1% | ||||||||
Pennsylvania Housing Finance Agency, RB, S/F Housing, Series 129, 3.40%, 10/01/49 | 1,362 | 1,459,038 | ||||||
Philadelphia Authority for Industrial Development, RB, Series A, 4.00%, 07/01/44 | 1,094 | 1,180,479 | ||||||
Westmoreland County Municipal Authority, Refunding RB, (BAM), 5.00%, 08/15/42 | 800 | 943,520 | ||||||
|
| |||||||
3,583,037 | ||||||||
South Carolina — 0.6% | ||||||||
South Carolina Ports Authority, ARB, Series B, AMT, 4.00%, 07/01/49(h) | 1,770 | 2,036,385 | ||||||
|
| |||||||
Texas — 3.9% | ||||||||
Dallas Fort Worth International Airport, ARB, Series H, AMT, 5.00%, 11/01/21(d)(h) | 1,996 | 2,065,656 | ||||||
Harris County Toll Road Authority, Refunding RB, Series A, Senior Lien, 5.00%, 08/15/43 | 1,094 | 1,378,359 | ||||||
Houston Community College System, GO, 4.00%, 02/15/23(d) | 1,305 | 1,406,986 | ||||||
San Antonio Public Facilities Corp., Refunding RB, 4.00%, 09/15/42 | 1,649 | 1,733,895 | ||||||
Tarrant County Cultural Education Facilities Finance Corp., Refunding RB, Series A, 5.00%, 02/15/41 | 3,080 | 3,661,104 | ||||||
Texas Department of Housing & Community Affairs, RB, S/F Housing Series A, (GNMA), 3.63%, 09/01/44 | 805 | 883,970 |
Security | Par (000) | Value | ||||||
Texas (continued) | ||||||||
Texas Department of Housing & Community Affairs, RB, S/F Housing (continued) | ||||||||
Series A, (GNMA), 3.00%, 09/01/45 | $ | 408 | $ | 433,544 | ||||
Series A, (GNMA), 3.75%, 09/01/49 | 442 | 484,641 | ||||||
Series A, (GNMA), 3.00%, 03/01/50 | 772 | 821,467 | ||||||
|
| |||||||
12,869,622 | ||||||||
Utah — 1.7% | ||||||||
County of Utah, RB, Series B, 4.00%, 05/15/47 | 5,135 | 5,552,936 | ||||||
|
| |||||||
Virginia — 0.8% | ||||||||
Hampton Roads Transportation Accountability Commission, RB, Series A, Senior Lien, 5.50%, 07/01/57 | 1,962 | 2,512,673 | ||||||
|
| |||||||
Washington — 1.0% | ||||||||
Washington Health Care Facilities Authority, Refunding RB, Series A, 5.00%, 10/01/38 | 2,565 | 3,367,948 | ||||||
|
| |||||||
Wisconsin — 0.6% | ||||||||
Wisconsin Health & Educational Facilities Authority, Refunding RB, Series A, 5.00%, 04/01/42 | 1,920 | 2,066,515 | ||||||
|
| |||||||
Total Municipal Bonds Transferred to Tender Option Bond Trusts — 45.0% |
| 149,845,599 | ||||||
|
| |||||||
Total Long-Term Investments — 159.1% |
| 529,997,261 | ||||||
|
| |||||||
Shares | ||||||||
Short-Term Securities |
| |||||||
Money Market Funds — 0.8% |
| |||||||
BlackRock Liquidity Funds, MuniCash, Institutional Class, 0.01%(i)(j) | 2,700,468 | 2,701,008 | ||||||
|
| |||||||
Total Short-Term Securities — 0.8% |
| 2,701,008 | ||||||
|
| |||||||
Total Investments — 159.9% |
| 532,698,269 | ||||||
Liabilities in Excess of Other Assets — (0.1)% |
| (580,070 | ) | |||||
Liability for TOB Trust Certificates, Including Interest Expense and Fees Payable — (24.8)% |
| (82,536,975 | ) | |||||
VMTP Shares at Liquidation Value — (35.0)% |
| (116,500,000 | ) | |||||
|
| |||||||
Net Assets Applicable to Common Shares — 100.0% |
| $ | 333,081,224 | |||||
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|
(a) | 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. |
(b) | Step-up bond that pays an initial coupon rate for the first period and then a higher coupon rate for the following periods. Rate as of period end. |
(c) | Zero-coupon bond. |
(d) | 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. |
(e) | Variable rate security. Interest rate resets periodically. The rate shown is the effective interest rate as of period end. Security description also includes the reference rate and spread if published and available. |
(f) | When-issued security. |
(g) | 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. |
(h) | All or a portion of the 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 May 1, 2021 to June 15, 2036, is $14,228,662. |
SCHEDULE OF INVESTMENTS | 7 |
Schedule of Investments (unaudited) (continued) January 31, 2021 | BlackRock MuniYield Quality Fund II, Inc. (MQT) |
(i) | Affiliate of the Fund. |
(j) | Annualized 7-day yield as of period end. |
Affiliates
Investments in issuers considered to be affiliate(s) of the Fund during the period ended January 31, 2021 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:
Affiliated Issuer | Value at 04/30/20 | Purchases at Cost | Proceeds from Sales | Net Realized Gain (Loss) | Change in Unrealized Appreciation (Depreciation) | Value at 01/31/21 | Shares Held at 01/31/21 | Income | Capital Gain Distributions from Underlying Funds | |||||||||||||||||||||||||||
BlackRock Liquidity Funds, MuniCash, Institutional Class | $ | 443,146 | $ | 2,257,813 | (a) | $ | — | $ | 36 | $ | 13 | $ | 2,701,008 | 2,700,468 | $ | — | $ | — | ||||||||||||||||||
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(a) | Represents net amount purchased (sold). |
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 | 45 | 03/22/21 | $ | 6,166 | $ | 15,821 | ||||||||||
Long U.S. Treasury Bond | 19 | 03/22/21 | 3,206 | 48,971 | ||||||||||||
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| |||||||||||||||
$ | 64,792 | |||||||||||||||
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Fair Value Hierarchy as of Period End
Various inputs are used in determining the fair value of financial instruments. These inputs to valuation techniques are categorized into a fair value hierarchy consisting of three broad levels for financial reporting purposes as follows:
• | Level 1 – Unadjusted price quotations in active markets/exchanges for identical assets or liabilities that the 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); and |
• | Level 3 – Unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available (including the BlackRock Global Valuation Methodologies Committee’s (the “Global Valuation Committee’s”) assumptions used in determining the fair value of 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 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. The categorization of a value determined for financial instruments is based on the pricing transparency of the financial instruments and is not necessarily an indication of the risks associated with investing in those securities. For information about the Fund’s policy regarding valuation of financial instruments, refer to its most recent financial statements.
8 |
Schedule of Investments (unaudited) (continued) January 31, 2021 | BlackRock MuniYield Quality Fund II, Inc. (MQT) |
Fair Value Hierarchy as of Period End (continued)
The following table summarizes the Fund’s investments and derivative financial instruments categorized in the disclosure hierarchy. The breakdown of the Fund’s investments into major categories is disclosed in the Schedule of Investments above.
| ||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
| ||||||||||||||||
Assets | ||||||||||||||||
Investments | ||||||||||||||||
Long-Term Investments | ||||||||||||||||
Municipal Bonds | $ | — | $ | 380,151,662 | $ | — | $ | 380,151,662 | ||||||||
Municipal Bonds Transferred to Tender Option Bond Trusts | — | 149,845,599 | — | 149,845,599 | ||||||||||||
Short-Term Securities | ||||||||||||||||
Money Market Funds | 2,701,008 | — | — | 2,701,008 | ||||||||||||
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| |||||||||
$ | 2,701,008 | $ | 529,997,261 | $ | — | $ | 532,698,269 | |||||||||
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Derivative Financial Instruments(a) | ||||||||||||||||
Assets | ||||||||||||||||
Interest Rate Contracts | $ | 64,792 | $ | — | $ | — | $ | 64,792 | ||||||||
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(a) | Derivative financial instruments are futures contracts. Futures contracts 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 | |||||||||||||
| ||||||||||||||||
Liabilities | ||||||||||||||||
TOB Trust Certificates | $ | — | $ | (82,500,443 | ) | $ | — | $ | (82,500,443 | ) | ||||||
VMTP Shares at Liquidation Value | — | (116,500,000 | ) | — | (116,500,000 | ) | ||||||||||
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$ | — | $ | (199,000,443 | ) | $ | — | $ | (199,000,443 | ) | |||||||
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Portfolio Abbreviation | ||
AGM | Assured Guaranty Municipal Corp. | |
AMT | Alternative Minimum Tax | |
ARB | Airport Revenue Bonds | |
BAM | Build America Mutual Assurance Co. | |
CAB | Capital Appreciation Bonds | |
COP | Certificates of Participation | |
FHA | Federal Housing Administration | |
FHLMC | Federal Home Loan Mortgage Corp. | |
FNMA | Federal National Mortgage Association | |
GNMA | Government National Mortgage Association | |
GO | General Obligation Bonds | |
GTD | GTD Guaranteed | |
M/F | Multi-Family | |
NPFGC | National Public Finance Guarantee Corp. | |
PSF | Permanent School Fund | |
RB | Revenue Bond | |
S/F | Single-Family | |
SAB | Special Assessment Bonds | |
SAW | State Aid Withholding | |
TA | Tax Allocation |
SCHEDULE OF INVESTMENTS | 9 |