BlackRock MuniYield Quality Fund II (MQT) NPORT-P BlackRock MuniYield Quality Fund II, Inc. (Oct 2023 report)

Schedule of Investments (unaudited)  October 31, 2023 BlackRock MuniYield Quality Fund II, Inc. (MQT) (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Municipal Bonds
Alabama — 4.8%
Black Belt Energy Gas District, RB(a) 4.00%, 10/01/52	$	1,355	$	1,305,630
Series A, 5.25%, 01/01/54		835		833,593
Series C-1, 5.25%, 02/01/53		2,545		2,548,011
Series F, 5.50%, 11/01/53		810		818,896
Energy Southeast A Cooperative District, RB,
Series B-1, 5.75%, 04/01/54(a)		1,815		1,876,951
Homewood Educational Building Authority, Refunding RB
Series A, 5.00%, 12/01/34		240		243,167
Series A, 5.00%, 12/01/47		655		622,685
Southeast Energy Authority A Cooperative District, RB(a)
Series A-1, 5.50%, 01/01/53		740		746,950
Series B-1, 5.00%, 05/01/53		2,055		2,035,096
				11,030,979
Arizona — 3.4%
Arizona Industrial Development Authority, RB(b) 5.00%, 07/01/54		545		422,584
Series A, 5.00%, 07/01/49		545		439,083
Series A, 5.00%, 07/01/54		420		329,702
City of Phoenix Civic Improvement Corp., ARB,
Series B, AMT, Junior Lien, 5.00%, 07/01/44		1,745		1,688,617
City of Phoenix Civic Improvement Corp., RB, 5.25%, 07/01/47(c)		910		944,432
Glendale Industrial Development Authority, RB, 5.00 %, 05/15/56		305		227,149
Industrial Development Authority of the County of Pima, RB, 5.00%, 07/01/39(b)		500		427,927
Industrial Development Authority of the County of Pima, Refunding RB, 5.00%, 06/15/49(b)		1,025		832,807
Maricopa County Industrial Development Authority, Refunding RB 5.00%, 07/01/54(b)		290		235,553
Series A, 5.00%, 09/01/37		575		578,118
Salt Verde Financial Corp., RB, 5.00%, 12/01/37		1,120		1,085,370
Sierra Vista Industrial Development Authority, RB, 5.75%, 06/15/53(b)		745		665,967
				7,877,309
Arkansas — 0.7%
Arkansas Development Finance Authority, RB AMT, 5.70%, 05/01/53		420		381,329
Series A, AMT, 4.50%, 09/01/49(b)		1,275		1,120,922
				1,502,251
California — 6.0%
California Community Housing Agency, RB, M/F Housing, 3.00 %, 08/01/56(b)		120		72,163
California Enterprise Development Authority, RB, 8.00 %, 11/15/62(b)		370		326,768
CSCDA Community Improvement Authority, RB, M/F Housing (b) 5.00%, 09/01/37		100		91,565
4.00%, 10/01/56		155		116,712
4.00%, 12/01/56		200		126,218
Series A, 4.00%, 06/01/58		760		518,463
Senior Lien, 3.13%, 06/01/57		525		300,374

Security	Par (000)		Value
California (continued)
CSCDA Community Improvement Authority, RB, M/F Housing(b) (continued)
Series A, Senior Lien, 4.00%, 12/01/58	$	755	$	510,595
Mount San Antonio Community College District, Refunding GO, CAB, CAB, Series A, Convertible, Election 2013, 6.25%, 08/01/28(d)		5,000		4,323,921
Norman Y Mineta San Jose International Airport SJC, Refunding RB, Series A, AMT, 5.00%, 03/01/41		765		741,701
Regents of the University of California Medical Center Pooled Revenue, RB, Series P, 4.00%, 05/15/53		1,375		1,167,833
San Diego Unified School District, GO, Series C, Election 2008, 0.00%, 07/01/38(e)		1,400		696,894
San Diego Unified School District, GO, CAB, Series G, Election 2008, 0.00%, 01/01/24(e)(f)		2,730		1,412,783
San Diego Unified School District, Refunding GO, CAB, Series R-1, 0.00%, 07/01/31(e)		1,110		804,670
Yosemite Community College District, GO(e)
Series D, Election 2004, 0.00%, 08/01/36		2,000		1,107,027
Series D, Election 2004, 0.00%, 08/01/37		2,790		1,422,559
				13,740,246
Colorado — 1.6%
City & County of Denver Colorado, COP, Series A, 4.00 %, 06/01/48		695		580,638
Colorado Health Facilities Authority, RB, Series A, 4.00 %, 11/15/46		945		777,962
Colorado Health Facilities Authority, Refunding RB, Series A, 4.00%, 08/01/44		940		772,471
State of Colorado, COP, Series S, 4.00%, 03/15/40		1,635		1,454,166
				3,585,237
Connecticut — 0.1%
Connecticut Housing Finance Authority, Refunding RB, S/F Housing, Series A-1, 3.80%, 11/15/39		55		46,399
Connecticut State Health & Educational Facilities Authority, RB 5.25%, 07/15/48		145		141,180
4.25%, 07/15/53		190		152,361
				339,940
District of Columbia — 0.3%
Metropolitan Washington Airports Authority Dulles Toll Road Revenue, Refunding RB, Series B, Subordinate, 4.00%, 10/01/49		875		685,669
Florida — 9.9%
Capital Trust Agency, Inc., RB(b) 5.00%, 01/01/55		535		372,437
Series A, 5.00%, 06/01/55		480		353,868
Series A, 5.50%, 06/01/57		170		135,007
City of Fort Lauderdale Florida Water & Sewer Revenue, RB, 5.50%, 09/01/53		3,340		3,518,376
City of South Miami Health Facilities Authority, Inc., Refunding RB, 5.00%, 08/15/42		2,340		2,279,244
City of Tampa Florida Water & Wastewater System Revenue, RB, Series A, 5.25%, 10/01/57		2,210		2,272,385
City of Tampa Florida, RB, CAB(e)
Series A, 0.00%, 09/01/49		525		101,918
Series A, 0.00%, 09/01/53		295		43,728
County of Broward Florida Airport System Revenue, ARB, Series A, AMT, 4.00%, 10/01/49		735		582,287

1

Schedule of Investments (unaudited) (continued) October 31, 2023 BlackRock MuniYield Quality Fund II, Inc. (MQT) (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Florida (continued)
County of Broward Florida Port Facilities Revenue, ARB, AMT, 5.25%, 09/01/47	$	1,000	$	991,307
County of Miami-Dade Florida Aviation Revenue, Refunding ARB, Series A, AMT, 5.00%, 10/01/44		425		409,066
County of Miami-Dade Florida Aviation Revenue, Refunding RB, AMT, 5.00%, 10/01/34		160		160,073
County of Miami-Dade Seaport Department, Refunding RB Series A, AMT, 5.00%, 10/01/41		360		346,592
Series A, AMT, 5.25%, 10/01/52		285		272,071
Series A-1, AMT, (AGM), 4.00%, 10/01/45		790		632,289
County of Osceola Florida Transportation Revenue, Refunding RB, CAB(e)
Series A-2, 0.00%, 10/01/46		480		114,498
Series A-2, 0.00%, 10/01/47		775		171,825
County of Pasco Florida, RB, (AGM), 5.75%, 09/01/54 .		180		188,887
Florida Development Finance Corp., RB(b) 6.50%, 06/30/57		340		293,065
AMT, 5.00%, 05/01/29		480		436,952
Florida Development Finance Corp., Refunding RB, Series C, 5.00%, 09/15/50(b)		270		201,413
Greater Orlando Aviation Authority, ARB
Sub-Series A, AMT, 5.00%, 10/01/37		660		656,785
Sub-Series A, AMT, 5.00%, 10/01/47		2,520		2,367,776
Hillsborough County Aviation Authority, ARB, AMT, 5.00 %, 10/01/48		2,165		2,071,662
Lakewood Ranch Stewardship District, SAB, 6.30%, 05/01/54		210		204,408
Lakewood Ranch Stewardship District, SAB, S/F Housing 4.00 %, 05/01/40		235		184,476
4.00%, 05/01/50		395		274,801
Orange County Housing Finance Authority, RB, S/F Housing 5.00 %, 10/01/53		1,805		1,696,073
Series A, (FHLMC, FNMA, GNMA), 3.75%, 09/01/47		120		99,481
Palm Beach County Health Facilities Authority, RB, Series B, 4.00%, 11/15/41		140		109,064
Seminole Improvement District, RB, 5.30%, 10/01/37		150		137,551
Storey Creek Community Development District, SAB, 4.13 %, 12/15/49		500		358,076
Village Community Development District No. 14, SAB, 5.50 %, 05/01/53		540		515,516
Village Community Development District No. 15, SAB, 5.25 %, 05/01/54(b)		215		189,757
				22,742,714
Georgia — 3.0%
Development Authority for Fulton County, RB, 4.00%, 07/01/49		500		405,457
East Point Business & Industrial Development Authority, RB, Series A, 5.25%, 06/15/62(b)		200		157,702
Gainesville & Hall County Hospital Authority, RB, Series A, 4.00%, 02/15/51		875		706,905
Main Street Natural Gas, Inc., RB
Series A, 5.00%, 05/15/43		615		585,830
Series A, 5.00%, 05/15/49		235		218,764
Series A, 5.00%, 06/01/53(a)		620		609,567
Series C, 5.00%, 09/01/53(a)		2,970		2,946,311

Security	Par (000)		Value
Georgia (continued)
Municipal Electric Authority of Georgia, RB
Class A, 5.50%, 07/01/63	$	345	$	339,715
Series A, 5.00%, 01/01/59		880		814,450
Private Colleges & Universities Authority, RB, 5.00%, 04/01/24(f)		120		120,466
				6,905,167
Hawaii — 1.0%
State of Hawaii Airports System Revenue, ARB,
Series A, AMT, 5.00%, 07/01/43		2,315		2,233,857
Illinois — 9.7%
Chicago Board of Education, GO
Series A, 5.00%, 12/01/34		1,265		1,232,337
Series A, 5.00%, 12/01/40		1,195		1,087,904
Series A, 5.00%, 12/01/47		360		315,857
Chicago Board of Education, Refunding GO, Series A, 5.00 %, 12/01/30		135		133,894
Chicago Midway International Airport, Refunding ARB, Series B, 5.00%, 01/01/46		1,770		1,771,966
Chicago O’Hare International Airport, Refunding ARB
Series A, AMT, Senior Lien, 5.00%, 01/01/48		740		699,085
Series A, AMT, Senior Lien, 4.38%, 01/01/53		830		687,603
Chicago Transit Authority Sales Tax Receipts Fund, Refunding RB, Series A, 2nd Lien, 5.00%, 12/01/57		705		660,995
City of Chicago Illinois Waterworks Revenue, RB,
Series A, 2nd Lien, (AGM), 5.25%, 11/01/53		525		529,155
Illinois Finance Authority, RB, 5.00%, 10/01/48		475		466,664
Illinois Finance Authority, Refunding RB
Series A, 5.00%, 11/15/45		1,110		1,029,961
Series C, 4.13%, 08/15/37		665		570,086
Series C, 5.00%, 08/15/44		305		276,027
Illinois Housing Development Authority, RB, S/F
Housing, Series A, (FHLMC, FNMA, GNMA), 4.13%, 10/01/38		120		110,321
Illinois State Toll Highway Authority, RB
Series A, 5.00%, 01/01/40		730		731,223
Series A, 4.00%, 01/01/46		930		775,536
Series B, 5.00%, 01/01/40		190		190,673
Metropolitan Pier & Exposition Authority, RB 5.00%, 06/15/57		670		612,077
Series A, (NPFGC), 0.00%, 12/15/36(e)		10,000		5,109,452
Metropolitan Pier & Exposition Authority, Refunding RB, Series B, (AGM), 0.00%, 06/15/44(e)		2,980		967,456
Regional Transportation Authority, RB, Series B, (NPFGC), 5.75%, 06/01/33		2,000		2,203,828
State of Illinois, GO 5.25%, 02/01/32		870		871,782
5.25%, 02/01/34		600		601,232
Series B, 5.25%, 05/01/41		635		631,501
				22,266,615
Indiana — 0.1%
Indianapolis Local Public Improvement Bond Bank, RB, 5.25%, 02/01/48		245		251,337
Kentucky — 0.7%
City of Henderson Kentucky, RB, Series A, AMT, 4.70 %, 01/01/52(b)		150		131,339
County of Boyle Kentucky, Refunding RB
Series A, 4.25%, 06/01/46		200		170,391
Series A, 5.25%, 06/01/49		370		371,128

SCHEDULE   OF   INVESTMENTS 2

Schedule of Investments (unaudited) (continued) October 31, 2023 BlackRock MuniYield Quality Fund II, Inc. (MQT) (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Kentucky (continued)
Fayette County School District Finance Corp., RB (NGFGC), 5.00%, 06/01/44	$	545	$	551,865
(BAM-TCRS), 5.00%, 06/01/46		480		482,214
				1,706,937
Louisiana — 2.8%
Louisiana Public Facilities Authority, Refunding RB, 5.00 %, 05/15/42		2,400		2,300,002
Louisiana Stadium & Exposition District, Refunding RB, Series A, 5.00%, 07/01/48		1,095		1,079,204
New Orleans Aviation Board, ARB
Series B, AMT, 5.00%, 01/01/45		2,380		2,228,394
Series B, AMT, 5.00%, 01/01/48		1,010		916,963
				6,524,563
Maryland — 0.6%
City of Baltimore Maryland, Refunding TA, Series A, Senior Lien, 3.63%, 06/01/46(b)		655		459,970
Maryland Economic Development Corp., RB 5.00%, 07/01/56		145		128,768
Class B, AMT, 5.25%, 06/30/55		800		733,690
				1,322,428
Massachusetts — 1.2%
Massachusetts Development Finance Agency, RB, Series A, 5.00%, 01/01/47		1,855		1,676,774
Massachusetts Development Finance Agency, Refunding RB, 5.00%, 07/01/47		815		797,152
Massachusetts Housing Finance Agency, Refunding RB, Series A, AMT, 4.45%, 12/01/42		350		297,191
				2,771,117
Michigan — 6.5%
City of Lansing Michigan, Refunding GO, Series B, (AGM), 4.13%, 06/01/48		880		732,655
Eastern Michigan University, RB, Series A, (AGM), 4.00 %, 03/01/44		520		442,262
Michigan Finance Authority, RB 4.00%, 02/15/50		1,885		1,523,488
Series A, 4.00%, 11/15/50		2,550		2,017,281
Series S, 5.00%, 11/01/44		1,755		1,696,921
Michigan Finance Authority, Refunding RB 4.00%, 11/15/46		1,050		858,583
Series A, 4.00%, 12/01/40		2,630		2,274,216
Michigan State Building Authority, Refunding RB, Series II, 4.00%, 10/15/47		535		453,889
Michigan State Hospital Finance Authority, Refunding RB, 5.00%, 11/15/47		1,300		1,259,654
Michigan State Housing Development Authority, RB, M/F Housing, Series A, AMT, 2.55%, 10/01/51		645		366,726
Michigan State Housing Development Authority, RB, S/F Housing, Series B, 2.95%, 12/01/39		450		338,649
Michigan Strategic Fund, RB, AMT, 5.00%, 12/31/43		1,980		1,840,975
State of Michigan Trunk Line Revenue, RB, BAB, 5.00 %, 11/15/46		725		732,248
Western Michigan University, Refunding RB, (AGM), 5.00 %, 11/15/23(f)		340		340,061
				14,877,608
Minnesota — 0.2%
Minnesota Higher Education Facilities Authority, RB, Series A, 5.00%, 10/01/47		445		438,525

Security	Par (000)		Value
Missouri — 0.5%
Kansas City Industrial Development Authority, ARB AMT, 5.00%, 03/01/46	$	470	$	443,806
Series B, AMT, 5.00%, 03/01/39		670		639,030
				1,082,836
Nebraska — 0.9%
Central Plains Energy Project, Refunding RB, Series A, 5.00%, 09/01/37		1,150		1,096,302
Omaha Public Power District, Refunding RB, Series A, 4.00 %, 02/01/42		1,140		1,027,091
				2,123,393
Nevada — 1.1%
County of Clark Nevada, RB, Subordinate, (AGM), 4.00 %, 07/01/40		2,715		2,428,240
New Jersey — 5.3%
Camden County Improvement Authority, RB, 6.00 %, 06/15/62		180		184,076
Hudson County Improvement Authority, RB, 5.00%, 05/01/46		730		731,957
New Jersey Economic Development Authority, RB
Series WW, 5.00%, 06/15/25(f)		180		183,314
Series WW, 5.25%, 06/15/25(f)		455		465,185
AMT, 5.13%, 01/01/34		610		597,122
AMT, 5.38%, 01/01/43		790		764,888
New Jersey Economic Development Authority, Refunding RB, Sub-Series A, 4.00%, 07/01/32		295		276,604
New Jersey Higher Education Student Assistance Authority, RB, Series C, AMT, Subordinate, 4.25%, 12/01/50		800		625,853
New Jersey Higher Education Student Assistance Authority, Refunding RB, Series B, AMT, 4.00%, 12/01/41		875		794,434
New Jersey Transportation Trust Fund Authority, RB
Series A, 0.00%, 12/15/29(e)		225		170,944
Series AA, 5.00%, 06/15/38		1,180		1,171,229
Series AA, 4.00%, 06/15/40		925		822,904
Series AA, 5.00%, 06/15/45		725		718,176
Series AA, 4.00%, 06/15/50		560		460,344
Series BB, 4.00%, 06/15/50		1,400		1,143,954
Series D, 5.00%, 06/15/32		525		530,338
New Jersey Transportation Trust Fund Authority, Refunding RB
Series A, 5.00%, 06/15/37		525		538,904
Series A, 5.25%, 06/15/42		210		214,794
New Jersey Turnpike Authority, RB, Series A, 4.00 %, 01/01/48		720		613,185
Tobacco Settlement Financing Corp., Refunding RB, Series A, 5.00%, 06/01/35		1,220		1,244,619
				12,252,824
New Mexico — 0.1%
City of Santa Fe New Mexico, RB, Series A, 5.00%, 05/15/44		180		141,280
New York — 10.9%
City of New York, GO
Series A-1, 5.00%, 08/01/47		260		258,785
Series B, 5.25%, 10/01/41		545		564,875
Metropolitan Transportation Authority, Refunding RB,
Series C-1, 5.00%, 11/15/56		1,330		1,244,906

3

Schedule of Investments (unaudited) (continued) October 31, 2023 BlackRock MuniYield Quality Fund II, Inc. (MQT) (Percentages shown are based on Net Assets)

Security	Par (000)		Value
New York (continued)
New York City Transitional Finance Authority Building Aid Revenue, RB, Series S-1, Subordinate, (SAW), 4.00%, 07/15/42	$	1,105	$	967,136
New York City Transitional Finance Authority Future Tax Secured Revenue, RB, Series F-1, Subordinate, 5.00%, 02/01/43		2,105		2,145,579
New York Liberty Development Corp., Refunding RB Class 1, 5.00%, 11/15/44(b)		775		691,578
Series A, 2.88%, 11/15/46		855		554,456
Series A, (BAM-TCRS), 3.00%, 11/15/51		2,045		1,316,319
Series A, 3.00%, 11/15/51		1,015		657,991
New York Power Authority, Refunding RB
Series A, 4.00%, 11/15/55		230		186,840
Series A, 4.00%, 11/15/60		425		342,136
New York State Thruway Authority, RB, Series N, 4.00 %, 01/01/46		720		605,755
New York State Urban Development Corp., Refunding RB, 4.00%, 03/15/46		660		569,439
New York Transportation Development Corp., ARB AMT, 5.00%, 12/01/36		450		445,413
Series A, AMT, 5.25%, 01/01/50		4,950		4,652,655
New York Transportation Development Corp., RB 5.63%, 04/01/40(c)		470		465,075
AMT, 5.00%, 10/01/35		1,050		1,002,018
Port Authority of New York & New Jersey, ARB
AMT, 5.00%, 11/01/49		1,535		1,462,379
Series 221, AMT, 4.00%, 07/15/55		1,570		1,207,823
Port Authority of New York & New Jersey, Refunding ARB 186th Series, AMT, 5.00%, 10/15/36		305		305,398
Series 197, AMT, 5.00%, 11/15/35		250		251,571
Triborough Bridge & Tunnel Authority Sales Tax Revenue, RB Series A, 4.13%, 05/15/53		3,150		2,661,407
Series A, 4.50%, 05/15/63		1,000		875,409
Triborough Bridge & Tunnel Authority, Refunding RB, Series A, 5.00%, 05/15/47		1,705		1,708,560
				25,143,503
North Carolina — 0.1%
University of North Carolina at Chapel Hill, RB, 5.00%, 02/01/49		165		159,352
Ohio — 2.3%
Buckeye Tobacco Settlement Financing Authority, Refunding RB, Series B-2, 5.00%, 06/01/55		5,215		4,264,314
County of Franklin Ohio, RB, 5.00%, 11/01/48		450		433,634
Ohio Air Quality Development Authority, RB, AMT, 5.00 %, 07/01/49(b)		530		422,466
Ohio Housing Finance Agency, RB, S/F Housing, Series A, (FHLMC, FNMA, GNMA), 4.00%, 09/01/48		90		77,652
				5,198,066
Oklahoma — 0.3%
Oklahoma Turnpike Authority, RB, Series A, 4.00%, 01/01/48		495		420,922
Oklahoma Water Resources Board, RB, 4.00%, 04/01/48		345		297,626
				718,548

Security	Par (000)		Value
Oregon — 1.2%
Clackamas Community College District, GO, Series A, 5.00 %, 06/15/40	$	390	$	396,654
Clackamas County School District No. 12 North Clackamas, GO, CAB, Series A, (GTD), 0.00%, 06/15/38(e)		875		388,740
Port of Portland Oregon Airport Revenue, Refunding ARB, 29th Series, AMT, 5.50%, 07/01/48		2,025		2,057,321
				2,842,715
Pennsylvania — 9.0%
Allegheny County Airport Authority, ARB, Series A, AMT, 5.00%, 01/01/51		1,010		910,444
Bucks County Industrial Development Authority, RB, 4.00 %, 07/01/46		200		131,578
Pennsylvania Economic Development Financing Authority, RB
Series B, 4.00%, 03/15/40		3,000		2,656,709
AMT, 5.00%, 12/31/34		2,220		2,190,264
AMT, 5.50%, 06/30/41		900		911,549
AMT, 5.00%, 06/30/42		4,450		4,089,506
AMT, 5.75%, 06/30/48		780		797,781
Pennsylvania Higher Education Assistance Agency, RB, Series B, AMT, Subordinate, 3.00%, 06/01/47		180		116,437
Pennsylvania Higher Educational Facilities Authority, Refunding RB, Series A, 5.00%, 09/01/45		3,150		3,019,948
Pennsylvania Housing Finance Agency, RB, S/F Housing, Series 142-A, 5.00%, 10/01/50		410		393,069
Pennsylvania Turnpike Commission, RB
Series A-1, 5.00%, 12/01/41		730		733,883
Series B, 5.00%, 12/01/40		285		285,420
Series C, 5.50%, 12/01/23(f)		490		490,368
Pennsylvania Turnpike Commission, Refunding RB 3rd Series, 4.00%, 12/01/38		1,835		1,623,507
Series A, 5.00%, 12/01/38		550		555,545
Series A-1, 5.00%, 12/01/40		680		669,316
Series C, 5.00%, 12/01/39		900		909,074
School District of Philadelphia, GO, Series A, 5.50%, 09/01/48(c)		265		271,686
				20,756,084
Puerto Rico — 4.9%
Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue, RB
Series A-1, Restructured, 4.75%, 07/01/53		6,611		5,576,758
Series A-1, Restructured, 5.00%, 07/01/58		2,718		2,355,510
Series A-2, Restructured, 4.78%, 07/01/58		276		231,083
Series A-2, Restructured, 4.33%, 07/01/40		1,324		1,143,291
Series B-1, Restructured, 4.75%, 07/01/53		424		358,394
Series B-2, Restructured, 4.78%, 07/01/58		411		343,648
Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue, RB, CAB, Series A-1, Restructured, 0.00%, 07/01/46(e)		5,025		1,242,122
				11,250,806
Rhode Island — 0.1%
Rhode Island Turnpike & Bridge Authority, Refunding RB, Series A, 5.00%, 10/01/40		305		307,001
South Carolina — 3.3%
County of Berkeley South Carolina, SAB 4.25%, 11/01/40		315		251,265
4.38%, 11/01/49		465		342,409

SCHEDULE   OF   INVESTMENTS 4

Schedule of Investments (unaudited) (continued) October 31, 2023 BlackRock MuniYield Quality Fund II, Inc. (MQT) (Percentages shown are based on Net Assets)

Security	Par (000)		Value
South Carolina (continued)
Patriots Energy Group Financing Agency, RB, Series A1, 5.25%, 10/01/54(a)	$	1,650	$	1,643,921
South Carolina Jobs-Economic Development Authority, RB 5.00%, 11/01/43		2,010		2,019,067
5.00%, 01/01/55(b)		855		643,494
7.50%, 08/15/62(b)		405		335,999
South Carolina Public Service Authority, RB, Series A, 4.00%, 12/01/55		550		420,138
South Carolina Public Service Authority, Refunding RB, 5.00%, 12/01/38		1,840		1,839,868
South Carolina State Housing Finance & Development Authority, Refunding RB, S/F Housing, Series A, 4.95%, 07/01/53		100		94,325
				7,590,486
Tennessee — 3.2%
Memphis-Shelby County Airport Authority, ARB, Series A, AMT, 5.00%, 07/01/49		1,000		945,574
Metropolitan Government Nashville & Davidson County Health & Educational Facilities Board, RB, 5.25%, 05/01/48		200		200,519
Metropolitan Nashville Airport Authority, ARB, Series B, AMT, 5.00%, 07/01/52		1,020		938,493
Tennergy Corp., RB, Series A, 5.50%, 10/01/53(a)		1,040		1,043,362
Tennessee Energy Acquisition Corp., RB, Series A, 5.00%, 05/01/52(a)		4,400		4,306,865
				7,434,813
Texas — 14.5%
Arlington Higher Education Finance Corp., RB(b) 7.50%, 04/01/62		420		367,465
7.88%, 11/01/62		370		348,347
Board of Regents of the University of Texas System, Refunding RB, Series B, 5.00%, 08/15/49		1,180		1,191,797
Central Texas Turnpike System, RB Series C, 5.00%, 08/15/37		1,240		1,178,688
Series C, 5.00%, 08/15/42		625		593,774
City of Austin Texas Airport System Revenue, ARB, 5.25%, 11/15/47		905		894,912
City of Corpus Christi Texas Utility System Revenue, Refunding RB, 4.00%, 07/15/48		500		411,106
City of Garland Texas Electric Utility System Revenue, Refunding RB, (AGM), 4.25%, 03/01/48		100		85,393
City of Houston Texas Airport System Revenue, ARB, Series A, AMT, 6.63%, 07/15/38		405		401,434
City of Houston Texas Airport System Revenue, Refunding ARB AMT, 5.00%, 07/15/27		230		222,081
Series A, AMT, 1st Lien, Subordinate, (AGM), 5.25%, 07/01/48		1,430		1,398,770
City of Houston Texas Airport System Revenue, Refunding RB
Series A, AMT, 5.00%, 07/01/27		225		217,349
Sub-Series A, AMT, 4.00%, 07/01/46		830		686,192
Sub-Series A, AMT, 4.00%, 07/01/48		2,510		2,037,679
County of Harris Texas Toll Road Revenue, Refunding RB, 1st Lien, 4.00%, 08/15/45		425		363,864
Cypress-Fairbanks Independent School District, GO, (PSF), 4.00%, 02/15/48		225		192,726

Security	Par (000)		Value
Texas (continued)
Dallas Fort Worth International Airport, Refunding RB, Series B, 4.00%, 11/01/45	$	1,080	$	914,180
Denton Independent School District, GO, (PSF), 5.00%, 08/15/48		665		675,939
Dickinson Independent School District, GO, (PSF), 4.13%, 02/15/48		350		305,437
Midland County Fresh Water Supply District No. 1, RB, CAB, Series A, 0.00%, 09/15/27(e)(f)		1,850		1,022,819
New Hope Cultural Education Facilities Finance Corp., RB, Series A, 5.00%, 08/15/50(b)		450		352,619
North Texas Tollway Authority, RB, Series C, Convertible, 6.75%, 09/01/31(f)		10,000		12,081,799
North Texas Tollway Authority, Refunding RB, 4.25%, 01/01/49		970		816,727
Port Authority of Houston of Harris County Texas, RB, 5.00%, 10/01/53		500		496,318
Spring Branch Independent School District, GO, (PSF), 4.00%, 02/01/48		465		402,890
Tarrant County Cultural Education Facilities Finance Corp., RB 5.00%, 11/15/51		2,535		2,417,638
Series A, 4.00%, 07/01/53		525		407,326
Series A, 5.00%, 07/01/53		645		611,835
Texas City Industrial Development Corp., RB, Series 2012, 4.13%, 12/01/45		260		201,855
Texas Department of Housing & Community Affairs, RB, S/F Housing
Series A, (GNMA), 4.25%, 09/01/43		215		190,289
Series A, (GNMA), 3.75%, 09/01/49		365		293,427
Texas Municipal Gas Acquisition & Supply Corp. III, Refunding RB, 5.00%, 12/15/32		1,500		1,453,705
				33,236,380
Utah — 4.4%
City of Salt Lake City Utah Airport Revenue, ARB
Series A, AMT, 5.00%, 07/01/47		3,485		3,291,067
Series A, AMT, 5.00%, 07/01/48		395		373,622
Series A, AMT, 5.25%, 07/01/48		325		319,789
Series A, AMT, 5.00%, 07/01/51		1,450		1,355,503
County of Utah Utah, RB, Series B, 4.00%, 05/15/47		5,135		4,224,547
Utah Charter School Finance Authority, RB, Series A, 5.00%, 06/15/39(b)		185		157,142
Utah Charter School Finance Authority, Refunding RB, 5.00%, 06/15/40(b)		335		288,241
				10,009,911
Virginia — 0.5%
Roanoke Economic Development Authority, Refunding RB, 3.00%, 07/01/45		490		331,260
Tobacco Settlement Financing Corp., Refunding RB, Series B-1, 5.00%, 06/01/47		965		831,203
				1,162,463
Washington — 0.5%
Port of Seattle Washington, ARB, Series C, AMT, Intermediate Lien, 5.00%, 05/01/42		720		698,872
Snohomish County Housing Authority, Refunding RB, 4.00%, 04/01/44		430		341,895
				1,040,767
Wisconsin — 1.7%
Public Finance Authority, RB 5.00%, 10/15/56(b)		215		158,952

5

Schedule of Investments (unaudited) (continued) October 31, 2023 BlackRock MuniYield Quality Fund II, Inc. (MQT) (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Wisconsin (continued)
Public Finance Authority, RB (continued)
Class A, 5.00%, 06/15/51(b)	$	555	$	386,974
Class A, 6.00%, 06/15/52		140		114,113
Class A, 6.13%, 06/15/57		160		130,149
Series A, 5.00%, 07/15/39(b)		100		87,868
Series A, 5.00%, 07/01/40(b)		300		244,560
Series A, 5.00%, 07/15/49(b)		355		294,332
Public Finance Authority, Refunding RB, 5.00%, 09/01/39(b)		295		233,831
Wisconsin Housing & Economic Development Authority Housing Revenue, RB, M/F Housing Series A, 4.15%, 11/01/48		1,920		1,588,765
Series A, 4.45%, 05/01/57		825		685,544
				3,925,088
Total Municipal Bonds — 117.4% (Cost: $285,817,896)				269,607,055
Municipal Bonds Transferred to Tender Option Bond Trusts(g)
District of Columbia — 0.3%
District of Columbia Housing Finance Agency, RB, M/F Housing, Series B-2, 4.10%, 09/01/39		920		790,239
Florida — 3.9%
City of Tampa Florida Water & Wastewater System Revenue, RB, Series A, 5.25%, 10/01/57		2,150		2,210,691
County of Seminole Florida Sales Tax Revenue, Refunding RB, Series B, (NPFGC), 5.25%, 10/01/31		4,200		4,540,492
Miami-Dade County Expressway Authority, Refunding RB, Series A, (AGM), 5.00%, 07/01/35		2,100		2,101,243
				8,852,426
Illinois — 8.3%
City of Chicago Illinois Wastewater Transmission Revenue, RB, Series A, 5.25%, 01/01/58		4,903		4,904,369
Illinois Finance Authority, Refunding RB, Series A, 5.00%, 08/15/51		1,951		1,845,434
Illinois State Toll Highway Authority, RB, Series A, 5.00%, 01/01/38		1,858		1,858,236
Regional Transportation Authority, RB, (NPFGC), 6.50%, 07/01/26		10,000		10,414,770
				19,022,809
New York — 7.0%
New York City Housing Development Corp., Refunding RB, Series A, 4.15%, 11/01/38		1,770		1,563,622
New York City Municipal Water Finance Authority, RB, Series AA-1, 5.25%, 06/15/52		4,010		4,115,041
New York City Transitional Finance Authority Building Aid Revenue, RB, 5.25%, 05/01/48		3,680		3,788,472
New York State Dormitory Authority, Refunding RB, Series A, 4.00%, 03/15/47		1,810		1,547,800
Port Authority of New York & New Jersey, Refunding RB, 5.25%, 10/15/57		1,910		1,928,513
Triborough Bridge & Tunnel Authority, RB, Series A, 5.00%, 11/15/51		1,990		1,971,414
Triborough Bridge & Tunnel Authority, Refunding RB, Series C, 4.13%, 05/15/52		1,500		1,245,185
				16,160,047

Security	Par (000)		Value
Oklahoma — 1.4%
Oklahoma Turnpike Authority, RB, 5.50%, 01/01/53	$	3,001	$	3,149,004
Pennsylvania — 1.3%
Pennsylvania Turnpike Commission, RB, Series B, 5.25%, 12/01/52		3,031		3,074,659
Texas — 0.7%
City of San Antonio Texas Electric & Gas Systems Revenue, Refunding RB, 5.50%, 02/01/50		1,610		1,680,914
Virginia — 1.2%
Hampton Roads Transportation Accountability Commission, RB, Series A, 4.00%, 07/01/57		3,280		2,697,950
Total Municipal Bonds Transferred to Tender Option Bond Trusts — 24.1% (Cost: $56,544,700)				55,428,048
Total Long-Term Investments — 141.5% (Cost: $342,362,596)				325,035,103
	Shares
Short-Term Securities
Money Market Funds — 21.0%
BlackRock Liquidity Funds, MuniCash, Institutional Class, 3.82%(h)(i)		48,263,662		48,263,662
Total Short-Term Securities — 21.0% (Cost: $48,263,662)				48,263,662
Total Investments — 162.5% (Cost: $390,626,258)				373,298,765
Other Assets Less Liabilities — 1.3%				2,966,502
Liability for TOB Trust Certificates, Including Interest Expense and Fees Payable — (13.1)%				(30,112,321	)
VMTP Shares at Liquidation Value, Net of Deferred Offering Costs — (50.7)%				(116,500,000	)
Net Assets Applicable to Common Shares — 100.0%			$	229,652,946

^(a)  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.

^(b)  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.

^(c)  When-issued security.

^(d)  Step coupon security. Coupon rate will either increase (step-up bond) or decrease (step-down bond) at regular intervals until maturity. Interest rate shown reflects the rate currently in effect.

^(e)  Zero-coupon bond.

^(f)  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.

^(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)  Affiliate of the Fund.

⁽ⁱ⁾  Annualized 7-day yield as of period end.

SCHEDULE   OF   INVESTMENTS 6

Schedule of Investments (unaudited) (continued) October 31, 2023 BlackRock MuniYield Quality Fund II, Inc. (MQT)

Affiliates

Investments in issuers considered to be affiliate(s) of the Fund during the period ended October 31, 2023 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

Affiliated Issuer	Value at 07/31/23		Purchases at Cost			Proceeds from Sales		Net Realized Gain (Loss)			Change in Unrealized Appreciation (Depreciation)		Value at 10/31/23		Shares Held at 10/31/23		Income		Capital Gain Distributions from Underlying Funds
BlackRock Liquidity Funds, MuniCash, Institutional Class	$	7,783,129	$	40,480,641	(a)	$	—	$	(108	)	$	—	$	48,263,662		48,263,662	$	104,655	$	—

^{(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		62		12/19/23	$	6,574	$	78,517
U.S. Long Bond		79		12/19/23		8,606		195,687
5-Year U.S. Treasury Note		48		12/29/23		5,013		29,965
							$	304,169

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 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 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.

The following table summarizes the Fund’s financial instruments categorized in the fair value hierarchy. The breakdown of the Fund’s financial instruments 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	$	—	$	269,607,055	$	—	$	269,607,055
Municipal Bonds Transferred to Tender Option Bond Trusts		—		55,428,048		—		55,428,048
Short-Term Securities
Money Market Funds		48,263,662		—		—		48,263,662
	$	48,263,662	$	325,035,103	$	—	$	373,298,765

7

Schedule of Investments (unaudited) (continued) October 31, 2023 BlackRock MuniYield Quality Fund II, Inc. (MQT)

Fair Value Hierarchy as of Period End (continued)

	Level 1		Level 2		Level 3		Total
Derivative Financial Instruments(a)
Assets
Interest Rate Contracts	$	304,169	$	—	$	—	$	304,169

^(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 fair value hierarchy as follows:

	Level 1		Level 2			Level 3		Total
Liabilities
TOB Trust Certificates	$	—	$	(29,968,297	)	$	—	$	(29,968,297	)
VMTP Shares at Liquidation Value		—		(116,500,000	)		—		(116,500,000	)
	$	—	$	146,468,297	)	$	—	$	(146,468,297	)

Portfolio Abbreviation
AGM	Assured Guaranty Municipal Corp.
AMT	Alternative Minimum Tax
ARB	Airport Revenue Bonds
BAB	Build America Bond
BAM-TCRS	Build America Mutual Assurance Co.- Transferable Custodial Receipts
CAB	Capital Appreciation Bonds
COP	Certificates of Participation
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 8