Schedule of Investments (unaudited)

October 31, 2023

  

BlackRock MuniYield Quality Fund, Inc. (MQY)

(Percentages shown are based on Net Assets)

 

Security  

Par

(000)

    Value  

Municipal Bonds

   
Alabama — 5.2%            

Black Belt Energy Gas District, RB(a)

   

4.00%, 10/01/52

  $ 4,950     $ 4,769,645  

Series A, 5.25%, 01/01/54

    3,065       3,059,836  

Series C-1, 5.25%, 02/01/53

    9,335       9,346,043  

Series F, 5.50%, 11/01/53

    2,920       2,952,071  

Energy Southeast A Cooperative District, RB, Series B-1, 5.75%, 04/01/54(a)

        10,625       10,987,657  

Homewood Educational Building Authority, Refunding RB

   

Series A, 5.00%, 12/01/34

    1,145       1,160,109  

Series A, 5.00%, 12/01/47

    1,010       960,170  

Southeast Energy Authority A Cooperative District, RB(a)

   

Series A-1, 5.50%, 01/01/53

    2,665       2,690,030  

Series B-1, 5.00%, 05/01/53

    7,530       7,457,068  
   

 

 

 
          43,382,629  
Arizona — 8.3%            

Arizona Health Facilities Authority, Refunding RB, Series A, 5.00%, 12/01/42

    2,785       2,608,288  

Arizona Industrial Development Authority, RB

   

4.38%, 07/01/39(b)

    875       687,054  

5.00%, 07/01/54(b)

    615       476,861  

7.10%, 01/01/55(b)

    250       250,092  

Series A, (BAM), 5.00%, 06/01/49

    2,500       2,412,606  

Series A, 5.00%, 07/01/49(b)

    1,445       1,164,173  

Series A, 5.00%, 07/15/49

    1,000       829,170  

Series A, 5.00%, 12/15/49(b)

    250       201,106  

Series A, 5.00%, 07/01/54(b)

    1,110       871,356  

Arizona Industrial Development Authority, Refunding RB

   

Series A, 5.13%, 07/01/37(b)

    500       459,013  

Series A, 5.38%, 07/01/50(b)

    1,645       1,434,750  

Series A, 5.50%, 07/01/52(b)

    600       506,992  

Series G, 5.00%, 07/01/47(b)

    2,360       1,976,736  

Series S, 5.00%, 07/01/37

    750       750,751  

City of Buckeye Arizona Excise Tax Revenue, RB, (NGFGC), 5.00%, 07/01/43

    4,000       3,977,676  

City of Lake Havasu City Arizona Wastewater System Revenue, RB, Series B, (AGM), 5.00%, 07/01/40

    3,500       3,507,742  

City of Phoenix Civic Improvement Corp., ARB

   

Series B, AMT, Junior Lien, 5.00%, 07/01/44

    4,515       4,369,115  

AMT, Senior Lien, 5.00%, 07/01/43

    4,000       3,890,077  

Glendale Industrial Development Authority, RB, 5.00%, 05/15/56

    825       614,419  

Industrial Development Authority of the City of Phoenix Arizona, RB

   

Series A, 5.00%, 07/01/44

    2,000       1,845,494  

Series A, 6.75%, 07/01/44(b)

    440       441,560  

Series A, 5.00%, 07/01/46(b)

    1,570       1,334,277  

Industrial Development Authority of the City of Phoenix Arizona, Refunding RB

   

5.00%, 07/01/45(b)

    500       428,534  

5.00%, 07/01/46

    500       425,968  

Industrial Development Authority of the County of Pima, RB, 5.00%, 07/01/49(b)

    1,150       922,061  

Industrial Development Authority of the County of Pima, Refunding RB(b) 5.00%, 06/15/49

    1,985       1,612,802  
Security  

Par

(000)

    Value  
Arizona (continued)            

Industrial Development Authority of the County of Pima, Refunding RB(b) (continued)
5.00%, 06/15/52

  $ 530     $ 423,921  

Maricopa County Industrial Development Authority, RB

   

5.00%, 07/01/47

        1,000       898,547  

4.00%, 07/01/50

    1,500       1,195,237  

Series A, 4.00%, 01/01/41

    5,075       4,493,836  

Maricopa County Industrial Development Authority, Refunding RB

   

5.00%, 07/01/47(b)

    1,000       821,725  

5.00%, 07/01/54(b)

    440       357,390  

Series A, 5.00%, 09/01/37

    1,525       1,533,269  

Series A, 4.13%, 09/01/38

    550       483,555  

Series A, 4.13%, 09/01/42

    750       628,643  

Series A, 5.00%, 09/01/42

    1,000       982,748  

Maricopa County Unified School District No. 11- Peoria, GO, (AGM), 5.00%, 07/01/35

    1,250       1,265,613  

McAllister Academic Village LLC, Refunding RB, 5.00%, 07/01/39

    500       504,973  

Phoenix-Mesa Gateway Airport Authority, ARB, AMT, 5.00%, 07/01/38

    3,600       3,587,211  

Pinal County Industrial Development Authority, RB, AMT, 6.25%, 06/01/26

    155       157,537  

Salt River Project Agricultural Improvement & Power District, Refunding RB, Series A, 5.00%, 12/01/41

    2,000       2,028,866  

Salt Verde Financial Corp., RB

   

5.50%, 12/01/29

    2,000       2,027,006  

5.00%, 12/01/32

    155       152,939  

5.00%, 12/01/37

    6,610       6,405,623  

State of Arizona Distribution Revenue, RB, Series B, (BHAC-CR FGIC), 5.50%, 07/01/41(c)

    100       110,426  

Student & Academic Services LLC, RB, (BAM), 5.00%, 06/01/39

    1,400       1,401,914  

University of Arizona, Refunding RB, 5.00%, 06/01/39

    2,050       2,079,578  
   

 

 

 
          69,539,230  
Arkansas — 0.7%            

Arkansas Development Finance Authority, RB

   

AMT, 5.70%, 05/01/53

    1,550       1,407,285  

AMT, 4.75%, 09/01/49(b)

    2,450       2,248,894  

Series A, AMT, 4.50%, 09/01/49(b)

    2,135       1,876,994  
   

 

 

 
      5,533,173  
California — 13.1%            

Alvord Unified School District, Refunding GO, Series B, Election 2007, (AGM), 0.00%, 08/01/41(d)

    1,175       463,661  

Anaheim Public Financing Authority, RB, Series A, (AGM), 6.00%, 09/01/24

    1,265       1,285,579  

Bay Area Toll Authority, Refunding RB, 4.00%, 04/01/47

    1,625       1,424,767  

California Community Choice Financing Authority, RB, 5.50%, 10/01/54(a)

    2,385       2,456,848  

California Community Housing Agency, RB, M/F Housing, 3.00%, 08/01/56(b)

    440       264,599  

California Enterprise Development Authority, RB, 8.00%, 11/15/62(b)

    1,355       1,196,677  

California State Public Works Board, RB, Series I, 5.50%, 11/01/31

    1,000       1,001,987  

Carlsbad Unified School District, Refunding GO, Series B, 6.00%, 05/01/34(c)

    5,000       5,050,002  
 

 

 

1  


Schedule of Investments (unaudited) (continued)

October 31, 2023

  

BlackRock MuniYield Quality Fund, Inc. (MQY)

(Percentages shown are based on Net Assets)

 

Security  

Par

(000)

    Value  
California (continued)            

City of Los Angeles Department of Airports, Refunding ARB, Series D, AMT, Subordinate,
4.00%, 05/15/51

  $ 8,175     $ 6,566,572  

CSCDA Community Improvement Authority, RB, M/F Housing(b)

   

5.00%, 09/01/37

    345       315,898  

4.00%, 10/01/56

    590       444,260  

4.00%, 12/01/56

    575       362,878  

Series A, 4.00%, 06/01/58

    3,015           2,056,796  

Senior Lien, 3.13%, 06/01/57

    2,065       1,181,470  

Series A, Senior Lien, 4.00%, 12/01/58

    4,610       3,117,671  

Grossmont Union High School District, GO, Election 2004, 0.00%, 08/01/31(d)

    5,000       3,699,107  

Grossmont-Cuyamaca Community College District, GO, Series C, Election 2002, (AGC), 0.00%, 08/01/30(d)

        10,030       7,543,766  

Hartnell Community College District, GO, Series D, 7.00%, 08/01/34(c)

    4,125       4,629,852  

Kern Community College District, GO, Series C, 5.50%, 11/01/23(e)

    1,620       1,620,000  

Mount San Antonio Community College District, Refunding GO, CAB, CAB, Series A, Convertible, Election 2013, 6.25%, 08/01/28(c)

    4,445       3,843,966  

Norman Y Mineta San Jose International Airport SJC, Refunding RB, Series A, AMT, 5.00%, 03/01/41

    2,050       1,987,564  

Poway Unified School District, Refunding GO, Series B, 0.00%, 08/01/36(d)

    8,750       4,921,567  

Regents of the University of California Medical Center Pooled Revenue, RB, Series P, 4.00%, 05/15/53

    5,015       4,259,407  

Rio Hondo Community College District, GO(d)

   

Series C, Election 2004, 0.00%, 08/01/37

    4,005       2,152,861  

Series C, Election 2004, 0.00%, 08/01/38

    5,000       2,516,700  

San Bernardino Community College District, GO, Series B, 6.38%, 08/01/34(c)

    10,000       10,199,901  

San Diego Unified School District, GO, Series C, Election 2008, 0.00%, 07/01/38(d)

    3,800       1,891,570  

San Diego Unified School District, GO, CAB, Series G, Election 2008, 0.00%, 01/01/24(d)(e)

    7,295       3,775,186  

San Diego Unified School District, Refunding GO, CAB(d)

   

Series R-1, 0.00%, 07/01/30

    5,000       3,778,174  

Series R-1, 0.00%, 07/01/31

    3,005       2,178,409  

San Francisco City & County Airport Comm-San Francisco International Airport, Refunding ARB

   

Series A, AMT, 5.50%, 05/01/28

    1,065       1,065,970  

Series A, AMT, 5.25%, 05/01/33

    830       830,441  

San Mateo County Community College District, GO,

   

Series C, (NPFGC), 0.00%, 09/01/30(d)

    12,740       9,893,379  

State of California, GO, 5.50%, 04/01/28

    5       5,007  

Walnut Valley Unified School District, GO, Series B, Election 2007, 0.00%, 08/01/36(d)

    5,500       3,106,640  

Washington Township Health Care District, GO, Series B, Election 2004, 5.50%, 08/01/40

    625       625,217  

Yosemite Community College District, GO, Series D, Election 2004, 0.00%, 08/01/36(d)

    15,000       8,302,703  
   

 

 

 
      110,017,052  
Security  

Par

(000)

    Value  
Colorado — 1.6%            

Centerra Metropolitan District No. 1, TA, 5.00%, 12/01/47(b)

  $ 345     $ 281,324  

City & County of Denver Colorado Airport System
Revenue, ARB

   

Series A, AMT, 5.50%, 11/15/28

    1,000       1,000,703  

Series A, AMT, 5.50%, 11/15/30

    330       330,234  

Series A, AMT, 5.50%, 11/15/31

    400       400,283  

City & County of Denver Colorado Pledged Excise Tax Revenue, RB, CAB, Series A-2, 0.00%, 08/01/37(d)

    1,760       835,006  

City & County of Denver Colorado, COP, Series A, 4.00%, 06/01/48

    1,805       1,507,989  

Colorado Health Facilities Authority, RB

   

5.50%, 11/01/47

    2,400       2,402,976  

Series A, 4.00%, 11/15/46

    2,555       2,103,379  

Colorado Health Facilities Authority, Refunding RB, Series A, 4.00%, 08/01/44

    1,060       871,084  

State of Colorado, COP, Series S, 4.00%, 03/15/40

        4,400       3,913,351  
   

 

 

 
          13,646,329  
Connecticut — 0.2%            

Connecticut Housing Finance Authority, Refunding RB, S/F Housing, Series A-1, 3.80%, 11/15/39

    260       219,338  

Connecticut State Health & Educational Facilities Authority, RB

   

5.25%, 07/15/48

    525       511,169  

4.25%, 07/15/53

    705       565,340  
   

 

 

 
      1,295,847  
Delaware — 0.2%            

Delaware State Health Facilities Authority, RB, 5.00%, 06/01/48

    1,605       1,448,892  
   

 

 

 

District of Columbia — 0.3%

   

District of Columbia, RB, Series B-1, (NPFGC-IBC FGIC), 5.00%, 02/01/31

    435       435,293  

Metropolitan Washington Airports Authority Dulles Toll Road Revenue, Refunding RB, Series B, Subordinate, 4.00%, 10/01/49

    2,875       2,252,912  
   

 

 

 
      2,688,205  
Florida — 9.9%            

Brevard County Health Facilities Authority, Refunding RB, 5.00%, 04/01/39

    3,775       3,785,601  

Capital Trust Agency, Inc., RB(b)

   

5.00%, 01/01/55

    825       574,319  

Series A, 5.00%, 06/01/55

    1,285       947,334  

Series A, 5.50%, 06/01/57

    460       365,312  

City of Fort Lauderdale Florida Water & Sewer
Revenue, RB

   

5.50%, 09/01/48

    4,615       4,899,988  

Series A, 5.50%, 09/01/48

    5,275       5,600,744  

City of South Miami Health Facilities Authority, Inc., Refunding RB, 5.00%, 08/15/42

    4,215       4,105,562  

City of Tampa Florida Water & Wastewater System Revenue, RB, Series A, 5.25%, 10/01/57

    5,055       5,197,695  

City of Tampa Florida, RB, Series A, 4.00%, 11/15/46

    1,920       1,585,933  

City of Tampa Florida, RB, CAB(d)

   

Series A, 0.00%, 09/01/49

    1,725       334,873  

Series A, 0.00%, 09/01/53

    975       144,523  
 

 

 

C H E D U L E   O F   I N V E S T M E N  T S   2


Schedule of Investments (unaudited) (continued)

October 31, 2023

  

BlackRock MuniYield Quality Fund, Inc. (MQY)

(Percentages shown are based on Net Assets)

 

Security  

Par

(000)

    Value  
Florida (continued)            

County of Broward Florida Airport System Revenue, ARB

   

Series A, AMT, 4.00%, 10/01/49

  $     2,650     $ 2,099,402  

Series A, AMT, 5.00%, 10/01/49

    300       285,503  

County of Broward Florida Port Facilities Revenue, ARB, AMT, 5.25%, 09/01/47

    3,650           3,618,271  

County of Miami-Dade Florida Aviation Revenue, Refunding ARB, Series A, AMT, 5.00%, 10/01/44

    1,745       1,679,576  

County of Miami-Dade Florida Aviation Revenue, Refunding RB

   

5.00%, 10/01/41

    3,800       3,812,086  

AMT, 5.00%, 10/01/34

    450       450,206  

County of Miami-Dade Seaport Department, Refunding RB

   

Series A, AMT, 5.00%, 10/01/41

    1,315       1,266,023  

Series A, AMT, 5.25%, 10/01/52

    1,040       992,822  

Series A-1, AMT, (AGM), 4.00%, 10/01/45

    2,885       2,309,056  

County of Osceola Florida Transportation Revenue, Refunding RB, CAB(d)

   

Series A-2, 0.00%, 10/01/46

    1,840       438,908  

Series A-2, 0.00%, 10/01/47

    2,970       658,478  

County of Pasco Florida, RB, (AGM), 5.75%, 09/01/54

    660       692,585  

Florida Development Finance Corp., RB(b)

   

6.50%, 06/30/57

    1,230       1,060,204  

AMT, 5.00%, 05/01/29

    1,275       1,160,654  

Florida Development Finance Corp., Refunding RB, 5.00%, 09/15/40(b)

    710       579,597  

Greater Orlando Aviation Authority, ARB

   

Series A, AMT, 5.00%, 10/01/40

    3,890       3,857,279  

Series A, AMT, 4.00%, 10/01/52

    6,600       5,080,137  

Sub-Series A, AMT, 5.00%, 10/01/47

    7,865       7,389,905  

Hillsborough County Aviation Authority, ARB, AMT, 5.00%, 10/01/48

    5,765       5,516,459  

Lakewood Ranch Stewardship District, SAB

   

5.25%, 05/01/37

    240       225,079  

3.85%, 05/01/39

    420       330,217  

5.38%, 05/01/47

    260       230,888  

4.00%, 05/01/49

    665       468,838  

6.30%, 05/01/54

    765       744,628  

Lakewood Ranch Stewardship District, SAB, S/F Housing

   

4.00%, 05/01/40

    365       286,526  

4.00%, 05/01/50

    605       420,897  

Lee County Housing Finance Authority, RB, S/F Housing, Series A-2, AMT, (FHLMC, FNMA, GNMA), 6.00%, 09/01/40

    20       20,000  

Orange County Housing Finance Authority, RB, S/F Housing

   

5.00%, 10/01/53

    6,605       6,206,406  

Series A, (FHLMC, FNMA, GNMA), 3.75%, 09/01/47

    335       277,719  

Palm Beach County Health Facilities Authority, RB, Series B, 4.00%, 11/15/41

    160       124,645  

Seminole Improvement District, RB

   

5.00%, 10/01/32

    255       240,128  

5.30%, 10/01/37

    290       265,932  

Storey Creek Community Development District, SAB
4.00%, 12/15/39

    415       329,789  
Security  

Par

(000)

    Value  
Florida (continued)            

Storey Creek Community Development District, SAB (continued)

   

4.13%, 12/15/49

  $ 350     $ 250,653  

Village Community Development District No. 14, SAB, 5.50%, 05/01/53

    1,935       1,847,265  

Village Community Development District No. 15, SAB, 5.25%, 05/01/54(b)

    790       697,245  
   

 

 

 
          83,455,890  
Georgia — 4.5%            

Development Authority for Fulton County, RB, 4.00%, 07/01/49

    1,855       1,504,247  

East Point Business & Industrial Development Authority, RB, Series A, 5.25%, 06/15/62(b)

    715       563,783  

Gainesville & Hall County Hospital Authority, RB, Series A, 4.00%, 02/15/51

    2,875       2,322,688  

Main Street Natural Gas, Inc., RB

   

Series A, 5.00%, 05/15/38

    910       867,069  

Series A, 5.00%, 05/15/43

    1,620       1,543,161  

Series A, 5.00%, 05/15/49

    1,230       1,145,020  

Series A, 5.00%, 06/01/53(a)

    7,480       7,354,133  

Main Street Natural Gas, Inc., Refunding RB, Series E-1, 5.00%, 12/01/53(a)

        10,155       10,077,034  

Municipal Electric Authority of Georgia, RB

   

(AGM), 5.00%, 07/01/52

    1,770       1,705,215  

Class A, 5.50%, 07/01/63

    1,275       1,255,470  

Series A, 5.00%, 01/01/59

    1,870       1,730,706  

Municipal Electric Authority of Georgia, Refunding RB, Series EE, (AMBAC), 7.00%, 01/01/25

    7,475       7,661,182  

Private Colleges & Universities Authority, RB, 5.00%, 04/01/24(e)

    330       331,281  
   

 

 

 
      38,060,989  
Hawaii — 0.5%            

State of Hawaii Airports System Revenue, ARB, Series A, AMT, 5.00%, 07/01/43

    3,310       3,193,982  

State of Hawaii Airports System Revenue, COP

   

AMT, 5.25%, 08/01/25

    485       485,064  

AMT, 5.25%, 08/01/26

    525       525,127  
   

 

 

 
      4,204,173  
Illinois — 11.7%            

Chicago Board of Education, GO

   

Series A, 5.00%, 12/01/34

    3,665       3,570,367  

Series A, 5.00%, 12/01/40

    4,090       3,723,454  

Series C, 5.25%, 12/01/35

    970       945,675  

Series D, 5.00%, 12/01/46

    1,230       1,086,819  

Series H, 5.00%, 12/01/36

    295       278,197  

Chicago Board of Education, Refunding GO

   

Series A, 5.00%, 12/01/30

    355       352,093  

Series G, 5.00%, 12/01/34

    290       282,004  

Chicago Midway International Airport, Refunding ARB

   

Series B, 5.00%, 01/01/46

    7,060       7,067,844  

Series A, AMT, 2nd Lien, 5.00%, 01/01/41

    665       626,819  

Chicago O’Hare International Airport, ARB, Series D, Senior Lien, 5.25%, 01/01/42

    6,885       6,839,707  

Chicago O’Hare International Airport, Refunding ARB

   

Series A, AMT, Senior Lien, 5.00%, 01/01/48

    2,750       2,597,950  

Series A, AMT, Senior Lien, 4.38%, 01/01/53

    2,780       2,303,057  
 

 

 

3  


Schedule of Investments (unaudited) (continued)

October 31, 2023

  

BlackRock MuniYield Quality Fund, Inc. (MQY)

(Percentages shown are based on Net Assets)

 

Security  

Par

(000)

    Value  
Illinois (continued)            

Chicago O’Hare International Airport, Refunding RB, Series B, AMT, 5.00%, 01/01/31

  $ 2,500     $ 2,450,427  

Chicago Transit Authority Sales Tax Receipts Fund, RB, 5.25%, 12/01/49

    1,610       1,575,044  

Chicago Transit Authority Sales Tax Receipts Fund, Refunding RB, Series A, 2nd Lien, 5.00%, 12/01/57

    2,575       2,414,273  

City of Chicago Illinois Wastewater Transmission Revenue, RB, Series A, 2nd Lien, (AGM), 5.25%, 01/01/58

    1,185       1,185,413  

City of Chicago Illinois Waterworks Revenue, RB, Series A, 2nd Lien, (AGM), 5.25%, 11/01/53

    1,920       1,935,194  

Cook County Community College District No. 508, GO

   

5.50%, 12/01/38

    1,000       975,791  

5.25%, 12/01/43

    1,500       1,357,208  

Illinois Finance Authority, RB, 5.00%, 10/01/48

    1,760       1,729,115  

Illinois Finance Authority, Refunding RB

   

Series A, 5.00%, 11/15/45

    2,945       2,732,644  

Series C, 4.13%, 08/15/37

    2,430       2,083,170  

Series C, 4.00%, 02/15/41

    870       753,996  

Series C, 5.00%, 08/15/44

    820       742,105  

Illinois Housing Development Authority, RB, S/F Housing, Series A, (FHLMC, FNMA, GNMA), 4.13%, 10/01/38

    320       294,190  

Illinois State Toll Highway Authority, RB

   

Series A, 5.00%, 01/01/40

    1,950       1,953,266  

Series B, 5.00%, 01/01/40

    3,755       3,768,307  

Metropolitan Pier & Exposition Authority, RB

   

5.00%, 06/15/57

    3,005       2,745,212  

Series A, (NPFGC), 0.00%, 12/15/26(d)

    5,000       4,313,202  

Series A, (NPFGC), 0.00%, 12/15/33(d)

    9,950       6,060,972  

Metropolitan Pier & Exposition Authority, RB, CAB(d)

   

(BAM-TCRS), 0.00%, 12/15/56

    2,965       452,501  

Series A, (NPFGC), 0.00%, 06/15/30

        14,205           10,296,300  

Series A, (NPFGC), 0.00%, 06/15/30(f)

    800       605,413  

Metropolitan Pier & Exposition Authority, Refunding RB, Series B, (AGM), 0.00%, 06/15/44(d)

    8,075       2,621,545  

Metropolitan Pier & Exposition Authority, Refunding RB, CAB, Series B, (BAM-TCRS), 0.00%, 12/15/54(d)

    4,140       708,481  

Regional Transportation Authority, RB, Series B, (NPFGC), 5.75%, 06/01/33

    3,200       3,526,125  

State of Illinois, GO

   

5.25%, 02/01/30

    2,010       2,002,354  

5.25%, 02/01/32

    2,330       2,334,772  

5.25%, 02/01/34

    1,610       1,613,306  

5.50%, 05/01/39

    2,785       2,849,536  

Series B, 5.25%, 05/01/41

    2,345       2,332,078  

Series D, 5.00%, 11/01/27

    440       451,421  
   

 

 

 
      98,537,347  
Indiana — 0.3%            

City of Valparaiso Indiana, RB, AMT, 6.75%, 01/01/34

    1,350       1,353,152  

Indianapolis Local Public Improvement Bond Bank, RB, 5.25%, 02/01/48

    895       918,149  
   

 

 

 
      2,271,301  
Security  

Par

(000)

    Value  
Iowa — 0.0%            

Iowa Student Loan Liquidity Corp., Refunding RB, Series B, AMT, 3.00%, 12/01/39

  $ 210     $ 184,845  
   

 

 

 

Kansas — 0.1%

   

City of Lenexa Kansas, Refunding RB, Series A, 5.00%, 05/15/43

    550       464,890  
   

 

 

 

Kentucky — 0.6%

   

City of Henderson Kentucky, RB, Series A, AMT, 4.70%, 01/01/52(b)

    555       485,954  

County of Boyle Kentucky, Refunding RB

   

Series A, 4.25%, 06/01/46

    740       630,448  

Series A, 5.25%, 06/01/49

    1,305       1,308,979  

Fayette County School District Finance Corp., RB

   

(NGFGC), 5.00%, 06/01/44

        1,455       1,473,327  

(BAM-TCRS), 5.00%, 06/01/46

    1,285       1,290,927  
   

 

 

 
          5,189,635  
Louisiana — 2.6%            

Jefferson Sales Tax District, RB

   

Series B, (AGM), 5.00%, 12/01/34

    330       341,838  

Series B, (AGM), 5.00%, 12/01/35

    440       453,547  

Series B, (AGM), 5.00%, 12/01/36

    395       404,731  

Series B, (AGM), 5.00%, 12/01/37

    495       504,796  

Lake Charles Harbor & Terminal District, ARB, Series B, AMT, (AGM), 5.50%, 01/01/29

    1,500       1,502,349  

Louisiana Public Facilities Authority, Refunding RB

   

5.00%, 05/15/42

    4,600       4,408,338  

5.00%, 05/15/47

    1,895       1,774,241  

Louisiana Stadium & Exposition District, Refunding RB, Series A, 5.00%, 07/01/48

    4,020       3,962,011  

New Orleans Aviation Board, ARB

   

Series B, AMT, 5.00%, 01/01/45

    4,620       4,325,705  

Series B, AMT, 5.00%, 01/01/48

    4,780       4,339,684  
   

 

 

 
      22,017,240  
Maryland — 3.0%            

Anne Arundel County Consolidated Special Taxing District, Refunding ST, 5.00%, 07/01/32

    495       495,440  

Anne Arundel County Consolidated Special Taxing District, ST, 5.25%, 07/01/44

    250       234,769  

City of Baltimore Maryland, RB(e)

   

Series A, 5.00%, 01/01/24

    1,000       1,001,024  

Series C, 5.00%, 01/01/24

    1,000       1,001,024  

City of Baltimore Maryland, Refunding RB

   

5.00%, 09/01/46

    750       611,388  

Series A, 4.50%, 09/01/33

    185       167,703  

Series A, 5.00%, 09/01/38

    250       229,829  

City of Baltimore Maryland, Refunding TA(b)

   

Series A, Senior Lien, 3.50%, 06/01/39

    650       497,201  

Series A, Senior Lien, 3.63%, 06/01/46

    1,095       768,958  

City of Baltimore Maryland, TA(b)

   

Series B, 3.70%, 06/01/39

    200       157,048  

Series B, 3.88%, 06/01/46

    300       219,832  

County of Howard Maryland, TA, 6.10%, 02/15/44

    250       239,079  

County of Prince George’s Maryland, TA, 5.25%, 07/01/48(b)

    300       254,855  

Howard County Housing Commission, RB, M/F Housing 5.00%, 12/01/42

    500       469,857  
 

 

 

C H E D U L E   O F   I N V E S T M E N  T S   4


Schedule of Investments (unaudited) (continued)

October 31, 2023

  

BlackRock MuniYield Quality Fund, Inc. (MQY)

(Percentages shown are based on Net Assets)

 

Security  

Par

(000)

    Value  
Maryland (continued)            

Howard County Housing Commission, RB, M/F Housing (continued)

   

4.00%, 06/01/46

  $ 500     $ 395,926  

Series A, 5.00%, 06/01/44

    550       509,977  

Maryland Community Development Administration, RB, M/F Housing, Series D, 3.70%, 07/01/35

    500       439,713  

Maryland Economic Development Corp., RB

   

5.00%, 07/01/56

    390       346,342  

Class B, AMT, 5.25%, 06/30/55

    2,920       2,677,968  

Maryland Economic Development Corp., Refunding RB

   

5.00%, 07/01/37

    500       457,097  

(AGM), 5.00%, 06/01/43

    1,350       1,358,441  

Series A, 5.00%, 06/01/35

    100       100,322  

Maryland Health & Higher Educational Facilities Authority, RB

   

4.00%, 07/01/48

    300       249,633  

Series C, 5.00%, 05/15/45

        2,875       2,795,845  

Maryland Health & Higher Educational Facilities Authority, Refunding RB

   

4.00%, 07/01/24(e)

    100       100,058  

5.00%, 07/01/24(e)

    700       704,945  

5.00%, 06/01/29

    500       500,051  

5.00%, 07/01/34

    510       518,453  

5.00%, 07/01/35

    200       201,330  

5.00%, 07/01/40

    1,000       962,920  

4.00%, 07/01/41

    500       438,044  

5.00%, 08/15/42

    1,000       981,336  

4.13%, 07/01/47

    500       415,697  

Maryland State Transportation Authority Passenger Facility Charge Revenue, ARB, AMT, 4.00%, 06/01/29

    1,925       1,838,539  

Montgomery County Housing Opportunities Commission, Refunding RB, S/F Housing, Series C, AMT, 3.30%, 07/01/39

    2,830       2,283,906  

Washington Suburban Sanitary Commission, RB, Second Series, (GTD), 4.00%, 06/01/41

    875       781,749  
   

 

 

 
          25,406,299  
Massachusetts — 3.2%            

Massachusetts Bay Transportation Authority Sales Tax Revenue, Refunding RB, Series A, 5.25%, 07/01/29

    730       795,173  

Massachusetts Development Finance Agency, RB

   

5.00%, 10/01/46

    500       437,436  

5.00%, 07/01/47

    580       514,626  

5.00%, 10/01/48

    200       167,735  

Series A, 5.25%, 01/01/42

    500       480,047  

Series A, (AMBAC), 5.75%, 01/01/42

    650       727,540  

Series A, 5.00%, 01/01/47

    5,945       5,373,813  

Massachusetts Development Finance Agency,

   

Refunding RB

   

4.00%, 07/01/39

    2,545       2,100,135  

5.00%, 04/15/40

    1,000       900,468  

4.13%, 10/01/42(b)

    550       411,739  

4.00%, 12/01/42

    485       373,731  

4.00%, 07/01/44

    250       221,480  

5.00%, 07/01/47

    7,685       7,516,702  

Series A, 4.00%, 06/01/29(e)

    420       429,683  

Series E, 4.00%, 07/01/38

    500       419,922  
Security  

Par

(000)

    Value  
Massachusetts (continued)            

Massachusetts Development Finance Agency,
Refunding RB (continued)
Series P, 5.45%, 05/15/59

  $ 1,500     $ 1,553,248  

Massachusetts Educational Financing Authority, RB

   

AMT, 5.00%, 01/01/27

        1,000       1,001,966  

Series B, AMT, 2.63%, 07/01/36

    30       29,119  

Massachusetts Educational Financing Authority, Refunding RB, AMT, 3.50%, 07/01/33

    80       70,544  

Massachusetts Health & Educational Facilities Authority, Refunding RB, Series M, 5.50%, 02/15/27

    1,000       1,053,496  

Massachusetts Housing Finance Agency, RB, M/F Housing, Series A, 3.80%, 12/01/43

    500       395,542  

Massachusetts Housing Finance Agency, Refunding RB

   

Series A, AMT, 4.45%, 12/01/42

    950       806,663  

Series A, AMT, 4.50%, 12/01/47

    255       219,658  

Massachusetts Housing Finance Agency, Refunding RB, S/F Housing, Series 214, (FHLMC, FNMA, GNMA), 2.95%, 12/01/44

    465       321,740  

Massachusetts State College Building Authority, Refunding RB, Series B, (AGC SAP), 5.50%, 05/01/39

    825       920,278  
   

 

 

 
          27,242,484  
Michigan — 5.8%            

City of Lansing Michigan, Refunding GO, Series B, (AGM), 4.13%, 06/01/48

    5,035       4,191,952  

Eastern Michigan University, RB

   

Series A, (AGM), 4.00%, 03/01/44

    1,395       1,186,453  

Series A, 4.00%, 03/01/47(e)

    60       60,782  

Lansing Board of Water & Light, RB, Series A, 5.00%, 07/01/51

    3,740       3,692,821  

Michigan Finance Authority, RB

   

4.00%, 02/15/50

    5,000       4,041,083  

4.00%, 02/15/44

    1,695       1,410,486  

Series A, 4.00%, 11/15/50

    5,680       4,493,393  

Series S, 5.00%, 11/01/44

    4,670       4,515,453  

Michigan Finance Authority, Refunding RB

   

4.00%, 11/15/46

    3,420       2,796,526  

Series A, 4.00%, 12/01/40

    7,000       6,053,046  

Michigan State Building Authority, Refunding RB, Series II, 4.00%, 10/15/47

    1,965       1,667,088  

Michigan State Housing Development Authority, RB, M/F Housing

   

Series A, 4.05%, 10/01/48

    1,855       1,488,153  

Series A, AMT, 2.55%, 10/01/51

    2,360       1,341,820  

Michigan State Housing Development Authority, RB, S/F Housing, Series B, 2.95%, 12/01/39

    675       507,974  

Michigan Strategic Fund, RB, AMT, 5.00%, 12/31/43

    6,310       5,866,945  

State of Michigan Trunk Line Revenue, RB, 4.00%, 11/15/46

    2,485       2,126,618  

State of Michigan Trunk Line Revenue, RB, BAB, 5.00%, 11/15/46

    2,665       2,691,643  

Western Michigan University, Refunding RB, (AGM), 5.00%, 11/15/23(e)

    900       900,162  
   

 

 

 
      49,032,398  
Minnesota — 0.2%            

Minnesota Higher Education Facilities Authority, RB, Series A, 5.00%, 10/01/47

    1,615       1,591,501  
   

 

 

 
 

 

 

5  


Schedule of Investments (unaudited) (continued)

October 31, 2023

  

BlackRock MuniYield Quality Fund, Inc. (MQY)

(Percentages shown are based on Net Assets)

 

Security  

Par

(000)

    Value  
Missouri — 0.4%            

Health & Educational Facilities Authority of the State of Missouri, RB, 4.00%, 11/15/42

  $ 1,015     $ 854,522  

Kansas City Industrial Development Authority, ARB

   

AMT, 5.00%, 03/01/46

    530       500,462  

Series B, AMT, 5.00%, 03/01/39

        2,505       2,389,210  
   

 

 

 
      3,744,194  
Nebraska — 1.8%            

Central Plains Energy Project, Refunding RB, Series A, 5.00%, 09/01/37

    4,260       4,061,084  

Omaha Public Power District, RB, Series A, 5.25%, 02/01/48(g)

    7,985       8,271,857  

Omaha Public Power District, Refunding RB, Series A, 4.00%, 02/01/42

    2,860       2,576,737  
   

 

 

 
          14,909,678  
Nevada — 1.2%            

County of Clark Nevada, RB, Subordinate, (AGM), 4.00%, 07/01/40

    7,285       6,515,555  

Las Vegas Convention & Visitors Authority, RB, Series B, 4.00%, 07/01/49

    1,000       826,649  

Las Vegas Valley Water District, GO, Series A, 4.00%, 06/01/51

    2,910       2,416,465  
   

 

 

 
      9,758,669  
New Hampshire — 0.4%            

New Hampshire Business Finance Authority, Refunding RB(a)(b)

   

Series A, 3.63%, 07/01/43

    160       106,402  

Series B, AMT, 3.75%, 07/01/45

    1,075       717,598  

New Hampshire Housing Finance Authority, RB, M/F Housing, Series 1, 4.00%, 07/01/52

    3,200       2,554,754  
   

 

 

 
      3,378,754  
New Jersey — 7.2%            

Camden County Improvement Authority, RB, 6.00%, 06/15/62

    655       669,831  

Hudson County Improvement Authority, RB, 5.00%, 05/01/46

    1,930       1,935,175  

New Jersey Economic Development Authority, RB

   

Series WW, 5.00%, 06/15/25(e)

    485       493,930  

Series WW, 5.25%, 06/15/25(e)

    1,125       1,150,175  

AMT, (AGM), 5.00%, 01/01/31

    900       890,021  

AMT, 5.13%, 01/01/34

    1,620       1,585,800  

AMT, 5.38%, 01/01/43

    2,115       2,047,768  

New Jersey Economic Development Authority, Refunding RB

   

Series BBB, 5.50%, 12/15/26(e)

    5,360       5,646,208  

Sub-Series A, 4.00%, 07/01/32

    1,510       1,415,837  

New Jersey Higher Education Student Assistance Authority, RB, Series C, AMT, Subordinate, 4.25%, 12/01/50

    2,135       1,670,245  

New Jersey Higher Education Student Assistance Authority, Refunding RB, Series B, AMT, 4.00%, 12/01/41

    3,180       2,887,199  

New Jersey Transportation Trust Fund Authority, RB

   

Series A, (NPFGC), 5.75%, 06/15/25

    2,000       2,050,587  

Series A, 0.00%, 12/15/29(d)

    7,530       5,720,913  

Series AA, 5.00%, 06/15/38

    4,325       4,292,853  

Series AA, 4.13%, 06/15/39

    1,210       1,107,483  

Series AA, 4.00%, 06/15/40

    1,060       943,004  

Series AA, 5.00%, 06/15/45

    2,710       2,684,493  

Series AA, 4.00%, 06/15/50

    2,000       1,644,087  
Security  

Par

(000)

    Value  
New Jersey (continued)            

New Jersey Transportation Trust Fund Authority, RB (continued)

   

Series BB, 4.00%, 06/15/50

  $ 4,900     $ 4,003,838  

Series D, 5.00%, 06/15/32

    1,610       1,626,371  

New Jersey Transportation Trust Fund Authority, Refunding RB

   

Series A, 5.00%, 12/15/36

    180       182,439  

Series A, 5.00%, 06/15/37

    1,940       1,991,378  

Series A, 5.25%, 06/15/42

    775       792,694  

New Jersey Turnpike Authority, RB, Series A, 4.00%, 01/01/48

    2,650       2,256,862  

Tobacco Settlement Financing Corp., Refunding RB

   

Series A, 5.00%, 06/01/35

    3,220       3,284,978  

Sub-Series B, 5.00%, 06/01/46

        8,360       7,763,228  
   

 

 

 
          60,737,397  
New Mexico — 0.0%            

City of Santa Fe New Mexico, RB, Series A, 5.00%, 05/15/44

    415       325,729  
   

 

 

 

New York — 12.2%

   

City of New York, GO

   

Series A-1, 5.00%, 08/01/47

    930       925,656  

Series B, 5.25%, 10/01/41

    1,955       2,026,293  

Metropolitan Transportation Authority, Refunding RB

   

Series B, 5.00%, 11/15/29

    540       550,306  

Series C-1, 5.00%, 11/15/56

    6,550       6,130,927  

New York City Municipal Water Finance Authority, RB, Series AA-1, 5.25%, 06/15/52

    5,600       5,746,690  

New York City Transitional Finance Authority Building Aid Revenue, RB, Series S-1, Subordinate, (SAW), 4.00%, 07/15/42

    2,910       2,546,937  

New York City Transitional Finance Authority Future Tax Secured Revenue, RB, Series F-1, Subordinate, 5.00%, 02/01/43

    7,695       7,843,339  

New York Counties Tobacco Trust IV, Refunding RB, Series A, 6.25%, 06/01/41(b)

    1,100       1,099,966  

New York Liberty Development Corp., Refunding RB

   

Class 1, 5.00%, 11/15/44(b)

    2,630       2,346,905  

Series A, 2.88%, 11/15/46

    3,140       2,036,248  

Series A, (BAM-TCRS), 3.00%, 11/15/51

    7,485       4,817,921  

Series A, 3.00%, 11/15/51

    3,725       2,414,796  

New York Power Authority, Refunding RB

   

Series A, 4.00%, 11/15/55

    2,185       1,774,976  

Series A, 4.00%, 11/15/60

    1,570       1,263,891  

New York State Housing Finance Agency, RB, M/F Housing, Series B, (SONYMA), 3.88%, 11/01/48

    400       307,276  

New York State Thruway Authority, RB, Series N, 4.00%, 01/01/46

    2,630       2,212,689  

New York State Thruway Authority, Refunding RB, Series B, Subordinate, 4.00%, 01/01/50

    510       410,545  

New York State Urban Development Corp., RB, Series A, 5.00%, 03/15/46

    6,000       6,059,388  

New York State Urban Development Corp., Refunding RB, 4.00%, 03/15/46

    5,960       5,142,205  

New York Transportation Development Corp., ARB

   

AMT, 5.00%, 12/01/36

    1,650       1,633,180  

Series A, AMT, 5.25%, 01/01/50

    6,045       5,681,878  

New York Transportation Development Corp., RB

   

5.63%, 04/01/40(g)

    1,700       1,682,187  

AMT, 5.00%, 10/01/35

    3,460       3,301,889  
 

 

 

C H E D U L E   O F   I N V E S T M E N  T S   6


Schedule of Investments (unaudited) (continued)

October 31, 2023

  

BlackRock MuniYield Quality Fund, Inc. (MQY)

(Percentages shown are based on Net Assets)

 

Security  

Par

(000)

    Value  
New York (continued)            

Port Authority of New York & New Jersey, ARB

   

AMT, 5.00%, 11/01/49

  $ 5,600     $ 5,335,064  

Series 221, AMT, 4.00%, 07/15/55

    5,155       3,965,815  

Port Authority of New York & New Jersey, Refunding ARB

   

186th Series, AMT, 5.00%, 10/15/36

    570       570,743  

Series 197, AMT, 5.00%, 11/15/35

    905       910,688  

Triborough Bridge & Tunnel Authority Sales Tax Revenue, RB

   

Series A, 4.13%, 05/15/53

    11,585       9,788,065  

Series A, 4.50%, 05/15/63

    3,500       3,063,931  

Triborough Bridge & Tunnel Authority, Refunding RB

   

Series A, 5.00%, 05/15/47

    6,120       6,132,778  

Series C, 5.00%, 05/15/47

    5,000       5,000,832  
   

 

 

 
      102,724,004  
North Carolina — 0.7%            

University of North Carolina at Chapel Hill, RB, 5.00%, 02/01/49

    6,510       6,287,175  
   

 

 

 

Ohio — 3.0%

   

Buckeye Tobacco Settlement Financing Authority, Refunding RB, Series B-2, 5.00%, 06/01/55

        18,110       14,808,575  

County of Franklin Ohio, RB, 5.00%, 11/01/48

    1,650       1,589,992  

Northeast Ohio Regional Sewer District, Refunding RB, 4.00%, 11/15/24(e)

    2,170       2,169,756  

Ohio Air Quality Development Authority, RB, AMT, 5.00%, 07/01/49(b)

    260       207,248  

Ohio Housing Finance Agency, RB, S/F Housing, Series A, (FHLMC, FNMA, GNMA), 4.00%, 09/01/48

    350       301,979  

Ohio Turnpike & Infrastructure Commission, RB, CAB, Series A-2, Junior Lien, 0.00%, 02/15/37(d)

    10,040       5,267,368  

State of Ohio, Refunding RB, Series A, 4.00%, 01/15/50

    1,055       834,423  
   

 

 

 
          25,179,341  
Oklahoma — 0.4%            

Oklahoma Development Finance Authority, RB, Series B, 5.50%, 08/15/52

    560       482,345  

Oklahoma Turnpike Authority, RB, Series A, 4.00%, 01/01/48

    1,640       1,394,569  

Oklahoma Water Resources Board, RB, 4.00%, 04/01/48

    1,280       1,104,235  

Tulsa County Industrial Authority, Refunding RB, 5.25%, 11/15/37

    450       423,277  
   

 

 

 
      3,404,426  
Oregon — 1.2%            

Clackamas Community College District, GO(c)

   

Series A, 5.00%, 06/15/39

    605       616,365  

Series A, 5.00%, 06/15/40

    440       447,508  

Clackamas County School District No. 12 North Clackamas, GO, CAB, Series A, (GTD), 0.00%, 06/15/38(d)

    2,355       1,046,265  

Port of Portland Oregon Airport Revenue, Refunding ARB, 29th Series, AMT, 5.50%, 07/01/48

    7,445       7,563,831  
   

 

 

 
      9,673,969  
Pennsylvania — 8.5%            

Allegheny County Airport Authority, ARB, Series A, AMT, 5.00%, 01/01/51

    3,600       3,245,149  
Security  

Par

(000)

    Value  
Pennsylvania (continued)            

Bucks County Industrial Development Authority, RB, 4.00%, 07/01/46

  $ 425     $ 279,603  

Pennsylvania Economic Development Financing Authority, RB

   

AMT, 5.00%, 12/31/34

        10,710           10,566,546  

AMT, 5.00%, 12/31/38

    8,670       8,206,086  

AMT, 5.50%, 06/30/41

    3,290       3,332,218  

AMT, 5.00%, 06/30/42

    6,910       6,350,221  

AMT, 5.75%, 06/30/48

    2,855       2,920,084  

AMT, 5.25%, 06/30/53

    4,695       4,546,355  

Pennsylvania Economic Development Financing Authority, Refunding RB, AMT, 5.50%, 11/01/44

    1,000       896,165  

Pennsylvania Higher Education Assistance Agency, RB, Series B, AMT, Subordinate, 3.00%, 06/01/47

    575       371,952  

Pennsylvania Higher Educational Facilities Authority, RB, 4.00%, 08/15/44

    1,000       843,664  

Pennsylvania Higher Educational Facilities Authority, Refunding RB, Series A, 5.00%, 09/01/45

    6,850       6,567,189  

Pennsylvania Housing Finance Agency, RB, S/F Housing, Series 142-A, 5.00%, 10/01/50

    1,500       1,438,056  

Pennsylvania Turnpike Commission, RB

   

Series A-1, 5.00%, 12/01/41

    3,510       3,528,669  

Series B, 5.00%, 12/01/40

    1,375       1,377,024  

Series C, 5.50%, 12/01/23(e)

    1,315       1,315,986  

Series B, Subordinate, 4.00%, 12/01/51

    665       534,675  

Pennsylvania Turnpike Commission, Refunding RB

   

3rd Series, 4.00%, 12/01/38

    4,915       4,348,523  

Series A, 5.00%, 12/01/38

    1,480       1,494,921  

Series A-1, 5.00%, 12/01/40

    1,805       1,776,641  

Series C, 5.00%, 12/01/39

    4,775       4,823,141  

Philadelphia Authority for Industrial Development, RB, Class A, 4.00%, 07/01/24(e)

    2,900       2,898,543  
   

 

 

 
      71,661,411  
Puerto Rico — 5.1%            

Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue, RB

   

Series A-1, Restructured, 4.75%, 07/01/53

    4,709       3,972,312  

Series A-1, Restructured, 5.00%, 07/01/58

    15,466       13,403,353  

Series A-2, Restructured, 4.54%, 07/01/53

    500       405,793  

Series A-2, Restructured, 4.78%, 07/01/58

    1,528       1,279,333  

Series A-2, Restructured, 4.33%, 07/01/40

    19,762       17,064,735  

Series B-1, Restructured, 4.75%, 07/01/53

    1,377       1,163,937  

Series B-2, Restructured, 4.78%, 07/01/58

    1,335       1,116,228  

Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue, RB, CAB, Series A-1, Restructured, 0.00%, 07/01/46(d)

    16,341       4,039,306  
   

 

 

 
      42,444,997  
Rhode Island — 0.2%            

Rhode Island Student Loan Authority, RB, Series A, AMT, 3.63%, 12/01/37

    820       695,736  

Rhode Island Turnpike & Bridge Authority, Refunding RB, Series A, 5.00%, 10/01/40

    695       699,561  
   

 

 

 
      1,395,297  
South Carolina — 5.1%            

County of Berkeley South Carolina, SAB

   

4.25%, 11/01/40

    485       386,868  

4.38%, 11/01/49

    715       526,499  

County of Charleston South Carolina, ARB, 5.25%, 12/01/23(e)

    2,505       2,507,358  
 

 

 

7  


Schedule of Investments (unaudited) (continued)

October 31, 2023

  

BlackRock MuniYield Quality Fund, Inc. (MQY)

(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)

  $ 6,040     $ 6,017,746  

South Carolina Jobs-Economic Development
Authority, RB

   

5.00%, 11/01/43

    3,090       3,103,939  

5.00%, 01/01/55(b)

    2,290       1,723,510  

7.50%, 08/15/62(b)

    1,455       1,207,107  

South Carolina Jobs-Economic Development Authority, Refunding RB, Series A, 4.25%, 05/01/48

    1,685       1,405,069  

South Carolina Ports Authority, ARB, Series B, AMT, 4.00%, 07/01/49

    2,690       2,093,057  

South Carolina Public Service Authority, RB

   

Series A, 5.50%, 12/01/54

        16,210           15,876,936  

Series A, 4.00%, 12/01/55

    1,950       1,489,580  

Series E, 5.50%, 12/01/53

    1,730       1,691,478  

South Carolina Public Service Authority, Refunding RB, 5.00%, 12/01/38

    4,930       4,929,648  

South Carolina State Housing Finance & Development Authority, Refunding RB, S/F Housing, Series A, 4.95%, 07/01/53

    280       264,111  
   

 

 

 
      43,222,906  
Tennessee — 3.2%            

Memphis-Shelby County Airport Authority, ARB, Series A, AMT, 5.00%, 07/01/49

    3,655       3,456,074  

Metropolitan Government Nashville & Davidson County Health & Educational Facilities Board, RB, 5.25%, 05/01/48

    745       746,932  

Metropolitan Nashville Airport Authority, ARB, Series B, AMT, 5.00%, 07/01/52

    3,795       3,491,747  

Tennergy Corp., RB, Series A, 5.50%, 10/01/53(a)

    3,805       3,817,302  

Tennessee Energy Acquisition Corp., RB, Series A, 5.00%, 05/01/52(a)

    15,950       15,612,385  
   

 

 

 
      27,124,440  
Texas — 12.2%            

Arlington Higher Education Finance Corp., RB(b)

   

7.50%, 04/01/62

    1,545       1,351,746  

7.88%, 11/01/62

    1,335       1,256,872  

Board of Regents of the University of Texas System, Refunding RB, Series B, 5.00%, 08/15/49

    4,305       4,348,039  

Celina Independent School District, GO, (PSF), 5.00%, 02/15/47

    4,530       4,619,502  

Central Texas Turnpike System, RB

   

Series C, 5.00%, 08/15/37

    3,290       3,127,326  

Series C, 5.00%, 08/15/42

    2,325       2,208,839  

City of Austin Texas Airport System Revenue, ARB

   

5.25%, 11/15/47

    3,300       3,263,214  

AMT, 5.00%, 11/15/44

    1,000       915,312  

City of Corpus Christi Texas Utility System Revenue, Refunding RB, 4.00%, 07/15/48

    1,790       1,471,758  

City of Garland Texas Electric Utility System Revenue, Refunding RB, (AGM), 4.25%, 03/01/48

    370       315,953  

City of Houston Texas Airport System Revenue, ARB, Series A, AMT, 6.63%, 07/15/38

    1,330       1,318,290  

City of Houston Texas Airport System Revenue, Refunding ARB
AMT, 5.00%, 07/15/27

    765       738,661  
Security  

Par

(000)

    Value  

Texas (continued)

   

City of Houston Texas Airport System Revenue,
Refunding ARB (continued)

   

Series A, AMT, 1st Lien, Subordinate, (AGM),
5.25%, 07/01/48

  $ 5,205     $ 5,091,328  

City of Houston Texas Airport System Revenue,
Refunding RB

   

Series A, AMT, 5.00%, 07/01/27

    740       714,836  

Sub-Series A, AMT, 4.00%, 07/01/46

    2,780       2,298,329  

Sub-Series A, AMT, 4.00%, 07/01/48

        11,670       9,473,992  

County of Harris Texas Toll Road Revenue, Refunding RB, 1st Lien, 4.00%, 08/15/45

    1,575       1,348,436  

Cypress-Fairbanks Independent School District, GO, (PSF), 4.00%, 02/15/48

    845       723,792  

Dallas Fort Worth International Airport, Refunding RB

   

Series B, 4.00%, 11/01/45

    6,595           5,582,421  

Series F, 5.25%, 11/01/33

    2,300       2,300,000  

Denton Independent School District, GO, (PSF), 5.00%, 08/15/48

    2,440       2,480,136  

Dickinson Independent School District, GO, (PSF), 4.13%, 02/15/48

    1,285       1,121,391  

Harris County Cultural Education Facilities Finance Corp., Refunding RB, 4.00%, 10/01/47

    6,820       5,571,907  

Harris County Flood Control District, Refunding GO, Series A, Sustainability Bonds, 4.00%, 09/15/48

    1,775       1,497,192  

Hutto Independent School District, GO, (PSF), 5.00%, 08/01/48

    205       208,509  

Leander Independent School District, Refunding GO, CAB, Series D, (PSF),
0.00%, 08/15/24(d)(e)

    8,085       4,020,468  

Midland County Fresh Water Supply District No. 1, RB, CAB, Series A, 0.00%, 09/15/27(d)(e)

    5,000       2,764,377  

New Hope Cultural Education Facilities Finance Corp., RB, Series A, 5.00%, 08/15/50(b)

    1,210       948,153  

North Texas Tollway Authority, Refunding RB, 4.25%, 01/01/49

    3,175       2,673,308  

Port Authority of Houston of Harris County Texas, RB, 5.00%, 10/01/53

    1,840       1,826,451  

San Antonio Public Facilities Corp., Refunding RB, Convertible, 4.00%, 09/15/42

    4,435       3,749,859  

Spring Branch Independent School District, GO, (PSF), 4.00%, 02/01/48

    1,705       1,477,264  

Tarrant County Cultural Education Facilities Finance Corp., RB

   

5.00%, 11/15/51

    9,245       8,816,988  

Series A, 4.00%, 07/01/53

    1,895       1,470,253  

Series A, 5.00%, 07/01/53

    2,325       2,205,451  

Texas City Industrial Development Corp., RB, Series 2012, 4.13%, 12/01/45

    690       535,692  

Texas Department of Housing & Community Affairs, RB, S/F Housing, Series A, (GNMA), 3.75%, 09/01/49

    1,355       1,089,299  

Texas Municipal Gas Acquisition & Supply Corp. III, Refunding RB, 5.00%, 12/15/32

    5,395       5,228,491  

Texas Transportation Commission State Highway 249 System, RB, CAB(d)

   

0.00%, 08/01/35

    310       161,613  

0.00%, 08/01/36

    170       82,300  

0.00%, 08/01/37

    225       101,107  

0.00%, 08/01/38

    810       338,645  

0.00%, 08/01/41

    1,950       669,084  
 

 

 

C H E D U L E   O F   I N V E S T M E N  T S   8


Schedule of Investments (unaudited) (continued)

October 31, 2023

  

BlackRock MuniYield Quality Fund, Inc. (MQY)

(Percentages shown are based on Net Assets)

 

Security  

Par

(000)

    Value  

 

 

Texas (continued)

   

Texas Transportation Commission State Highway 249 System, RB, CAB(d) (continued)

   

0.00%, 08/01/44

  $ 695     $ 195,317  

0.00%, 08/01/45

    1,775       466,288  
   

 

 

 
          102,168,189  
Utah — 2.4%            

City of Salt Lake City Utah Airport Revenue, ARB

   

Series A, AMT, 5.00%, 07/01/47

        11,685       11,034,755  

Series A, AMT, 5.00%, 07/01/48

    1,055       997,902  

Series A, AMT, 5.25%, 07/01/48

    1,205       1,185,677  

Series A, AMT, 5.00%, 07/01/51

    5,330       4,982,640  

Utah Charter School Finance Authority, RB, Series A, 5.00%, 06/15/49(b)

    485       387,246  

Utah Charter School Finance Authority, Refunding RB, 5.00%, 06/15/55(b)

    935       736,450  

Utah Housing Corp., RB, S/F Housing, Series D2, Class III, 4.00%, 01/01/36

    455       440,945  
   

 

 

 
      19,765,615  
Virginia — 0.7%            

Roanoke Economic Development Authority, Refunding RB, 3.00%, 07/01/45

    1,825       1,233,775  

Tobacco Settlement Financing Corp., Refunding RB, Series B-1, 5.00%, 06/01/47

    4,920       4,237,842  
   

 

 

 
      5,471,617  
Washington — 0.4%            

Port of Seattle Washington, ARB, Series C, AMT, Intermediate Lien, 5.00%, 05/01/42

    2,655       2,577,092  

Snohomish County Housing Authority, Refunding RB, 4.00%, 04/01/44

    1,140       906,418  
   

 

 

 
      3,483,510  
Wisconsin — 1.7%            

Public Finance Authority, RB

   

5.00%, 10/15/41(b)

    570       471,570  

5.00%, 10/15/56(b)

    225       166,345  

Class A, 6.00%, 06/15/52

    505       411,623  

Class A, 6.13%, 06/15/57

    570       463,654  

Series A, 5.00%, 07/15/39(b)

    250       219,671  

Series A, 5.00%, 07/01/40(b)

    450       366,840  

Series A, 5.00%, 10/15/40(b)

    1,130       911,553  

Series A, 5.00%, 07/15/49(b)

    955       791,794  

Series A, 5.00%, 10/15/55(b)

    1,545       1,125,344  

Series A-1, 4.50%, 01/01/35(b)

    600       503,161  

Public Finance Authority, Refunding RB, 5.00%, 09/01/49(b)

    825       589,181  

Wisconsin Housing & Economic Development Authority Home Ownership Revenue, RB, S/F Housing, Series A, 1.95%, 09/01/32

    450       354,349  

Wisconsin Housing & Economic Development Authority Housing Revenue, RB, M/F Housing Series A, 4.15%, 11/01/48

    5,080       4,203,608  
Security  

Par

(000)

    Value  

 

 
Wisconsin (continued)            

Wisconsin Housing & Economic Development Authority Housing Revenue, RB, M/F Housing (continued)
Series A, 4.45%, 05/01/57

  $     2,715     $ 2,256,062  

Wisconsin Housing & EDA RB, M/F housing, Series A, RB, 4.30%, 11/01/53(g)

    1,605       1,301,593  
   

 

 

 
      14,136,348  
   

 

 

 

Total Municipal Bonds — 140.0%
(Cost: $1,248,906,256)

          1,176,208,015  
   

 

 

 

Municipal Bonds Transferred to Tender Option Bond Trusts(h)

 

District of Columbia — 0.3%

   

District of Columbia Housing Finance Agency, RB, M/F Housing, Series B-2, 4.10%, 09/01/39(a)

    3,052       2,621,686  
   

 

 

 

Florida(a) — 1.8%

   

City of Tampa Florida Water & Wastewater System Revenue, RB, Series A, 5.25%, 10/01/57

    7,850       8,071,594  

County of Seminole Florida Sales Tax Revenue, Refunding RB, Series B, (NPFGC), 5.25%, 10/01/31

    6,300       6,810,737  
   

 

 

 
      14,882,331  
Illinois — 1.4%            

Illinois Finance Authority, Refunding RB, Series A, 5.00%, 08/15/51(a)

    7,124       6,738,199  

Illinois State Toll Highway Authority, RB, Series A, 5.00%, 01/01/38

    5,014       5,015,239  
   

 

 

 
      11,753,438  
Michigan — 0.2%            

Michigan State Housing Development Authority, RB, M/F Housing, Series A, 4.05%, 10/01/48(a)

    2,748       2,204,632  
   

 

 

 

New York(a) — 3.3%

   

New York City Housing Development Corp., Refunding RB, Series A, 4.15%, 11/01/38

    5,885       5,202,351  

New York State Dormitory Authority, Refunding RB, Series A, 4.00%, 03/15/47

    6,600       5,643,913  

Port Authority of New York & New Jersey, Refunding RB, 5.25%, 10/15/57

    5,090       5,139,337  

Triborough Bridge & Tunnel Authority, RB, Series A, 5.00%, 11/15/51

    7,270       7,202,102  

Triborough Bridge & Tunnel Authority, Refunding RB, Series C, 4.13%, 05/15/52

    5,520       4,582,280  
   

 

 

 
      27,769,983  
Texas — 0.7%            

City of San Antonio Texas Electric & Gas Systems Revenue, Refunding RB, 5.50%, 02/01/50

    5,890       6,149,431  
   

 

 

 
 

 

 

9  


Schedule of Investments (unaudited) (continued)

October 31, 2023

  

BlackRock MuniYield Quality Fund, Inc. (MQY)

(Percentages shown are based on Net Assets)

 

Security  

Par

(000)

    Value  

 

 
Virginia — 1.2%            

Hampton Roads Transportation Accountability Commission, RB, Series A, 4.00%, 07/01/57(a)

  $ 11,880     $ 9,771,843  
   

 

 

 

Total Municipal Bonds Transferred to Tender Option Bond Trusts — 8.9%
(Cost: $79,879,314)

      75,153,344  
   

 

 

 

Total Long-Term Investments — 148.9%
(Cost: $1,328,785,570)

      1,251,361,359  
   

 

 

 
    Shares        

 

 

Short-Term Securities

   

Money Market Funds — 8.4%

   

BlackRock Liquidity Funds, MuniCash, Institutional Class, 3.82%(i)(j)

    70,440,045       70,440,045  
   

 

 

 

Total Short-Term Securities — 8.4%
(Cost: $70,440,045)

      70,440,045  
   

 

 

 

Total Investments — 157.3%
(Cost: $1,399,225,615)

      1,321,801,404  

Other Assets Less Liabilities — 1.3%

      10,433,486  

Liability for TOB Trust Certificates, Including Interest Expense and Fees Payable — (5.0)%

 

    (41,631,876

VRDP Shares at Liquidation Value, Net of Deferred Offering Costs — (53.6)%

 

    (450,256,676
   

 

 

 

Net Assets Applicable to Common Shares — 100.0%

 

  $ 840,346,338  
   

 

 

 

    

(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) 

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.

(d) 

Zero-coupon bond.

(e) 

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.

(f) 

Security is collateralized by municipal bonds or U.S. Treasury obligations.

(g) 

When-issued security.

(h) 

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.

(i) 

Affiliate of the Fund.

(j) 

Annualized 7-day yield as of period end.

 

For Fund compliance purposes, the Fund’s sector classifications refer to one or more of the sector sub-classifications used by one or more widely recognized market indexes or rating group indexes, and/or as defined by the investment adviser. These definitions may not apply for purposes of this report, which may combine such sector sub-classifications for reporting ease.

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

  $ 16,360,404     $   54,079,236 (a)    $     $ 405     $     $ 70,440,045       70,440,045     $ 272,843     $  
       

 

 

   

 

 

   

 

 

     

 

 

   

 

 

 

 

  (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

     226        12/19/23      $ 23,963      $ 286,206  

U.S. Long Bond

     284        12/19/23        30,938        703,482  

5-Year U.S. Treasury Note

     174        12/29/23        18,173        108,624  
           

 

 

 
            $ 1,098,312  
           

 

 

 

 

 

C H E D U L E   O F   I N V E S T M E N  T S   10


Schedule of Investments (unaudited) (continued)

October 31, 2023

  

BlackRock MuniYield Quality Fund, Inc. (MQY)

 

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

   $      $ 1,176,208,015      $      $ 1,176,208,015  

Municipal Bonds Transferred to Tender Option Bond Trusts

            75,153,344               75,153,344  

Short-Term Securities

           

Money Market Funds

     70,440,045                      70,440,045  
  

 

 

    

 

 

    

 

 

    

 

 

 
   $ 70,440,045      $ 1,251,361,359      $      $ 1,321,801,404  
  

 

 

    

 

 

    

 

 

    

 

 

 

Derivative Financial Instruments(a)

           

Assets

           

Interest Rate Contracts

   $ 1,098,312      $      $      $ 1,098,312  
  

 

 

    

 

 

    

 

 

    

 

 

 

 

  (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

   $      $ (41,363,000    $      $ (41,363,000

VRDP Shares at Liquidation Value

            (450,300,000             (450,300,000
  

 

 

    

 

 

    

 

 

    

 

 

 
   $      $ (491,663,000    $      $ (491,663,000
  

 

 

    

 

 

    

 

 

    

 

 

 

 

Portfolio Abbreviation

AGC    Assured Guaranty Corp.
AGM    Assured Guaranty Municipal Corp.
AMBAC    AMBAC Assurance Corp.
AMT    Alternative Minimum Tax
ARB    Airport Revenue Bonds
BAB    Build America Bond

Portfolio Abbreviation (continued)

BAM    Build America Mutual Assurance Co.
BAM-TCRS   

Build America Mutual Assurance Co.- Transferable Custodial Receipts

BHAC-CR   

Berkshire Hathaway Assurance Corp. - Custodian Receipt

CAB    Capital Appreciation Bonds
COP    Certificates of Participation
CR    Custodian Receipt
 

 

 

11  


Schedule of Investments (unaudited) (continued)

October 31, 2023

  

BlackRock MuniYield Quality Fund, Inc. (MQY)

 

Portfolio Abbreviation (continued)

EDA    Economic Development Authority
FGIC    Financial Guaranty Insurance Co.
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.
NPFGC-IBC   

National Public Finance Guarantee Corp. — Insured Bond Certificate

PSF    Permanent School Fund
RB    Revenue Bond
S/F    Single-Family
SAB    Special Assessment Bonds
SAP    Subject to Appropriations
SAW    State Aid Withholding
SONYMA    State of New York Mortgage Agency
ST    Special Tax
TA    Tax Allocation

        

 

 

 

C H E D U L E   O F   I N V E S T M E N  T S   12

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