Schedule of Investments (unaudited) January 31, 2022 |
BlackRock MuniYield Quality Fund II, Inc. (MQT) (Percentages shown are based on Net Assets) |
Security | Par (000) |
Value | ||||||
Municipal Bonds |
| |||||||
Alabama 0.7% |
| |||||||
City of Birmingham Alabama, GO, CAB, Series A-1, 5.00%, 09/01/25(a) |
$ | 915 | $ | 1,031,981 | ||||
Homewood Educational Building Authority, Refunding RB |
||||||||
Series A, 5.00%, 12/01/34 |
240 | 274,225 | ||||||
Series A, 5.00%, 12/01/47 |
655 | 739,572 | ||||||
|
|
|||||||
2,045,778 | ||||||||
Arizona 2.3% | ||||||||
Arizona Industrial Development Authority,
RB(b) |
545 | 587,117 | ||||||
Series A, 5.00%, 07/01/39 |
480 | 499,616 | ||||||
Series A, 5.00%, 07/01/49 |
545 | 563,576 | ||||||
Series A, 5.00%, 07/01/54 |
420 | 433,759 | ||||||
City of Phoenix Civic Improvement Corp., Refunding RB, AMT, Senior Lien, 5.00%, 07/01/32 |
1,000 | 1,051,758 | ||||||
Glendale Industrial Development Authority, RB, 5.00%, 05/15/56 |
305 | 338,644 | ||||||
Industrial Development Authority of the County of Pima,
RB(b) |
500 | 522,612 | ||||||
5.00%, 06/15/47 |
830 | 841,195 | ||||||
Industrial Development Authority of the County of Pima, Refunding RB(b) |
485 | 505,975 | ||||||
5.00%, 06/15/52 |
470 | 489,844 | ||||||
Maricopa County Industrial Development Authority, Refunding RB |
200 | 226,757 | ||||||
5.00%, 07/01/54(b) |
470 | 520,852 | ||||||
Series A, 5.00%, 09/01/36 |
575 | 683,300 | ||||||
|
|
|||||||
7,265,005 | ||||||||
Arkansas 0.5% | ||||||||
Arkansas Development Finance Authority, RB, Series A, AMT, 4.50%, 09/01/49(b) |
1,375 | 1,481,164 | ||||||
|
|
|||||||
California 9.9% | ||||||||
California Community Housing Agency, RB, M/F Housing(b) |
||||||||
Series A, 5.00%, 04/01/49 |
205 | 220,166 | ||||||
Series A-2, 4.00%, 08/01/47 |
1,325 | 1,240,064 | ||||||
California Health Facilities Financing Authority, Refunding RB |
||||||||
Series A, 5.00%, 07/01/23(a) |
945 | 1,000,033 | ||||||
Sub-Series A-2, 5.00%, 11/01/47 |
1,140 | 1,596,921 | ||||||
California Housing Finance Agency, RB, M/F Housing |
848 | 905,467 | ||||||
Series 2021-1, Class A, 3.50%, 11/20/35 |
810 | 885,231 | ||||||
California Statewide Communities Development Authority, RB, Series A, 5.00%, 04/01/42 |
1,290 | 1,297,934 | ||||||
California Statewide Communities Development Authority, Refunding RB, Series A, 4.00%, 12/01/53 |
865 | 884,402 | ||||||
CMFA Special Finance Agency XII, RB, M/F Housing, Series A, 3.25%, 02/01/57(b) |
135 | 112,735 | ||||||
CSCDA Community Improvement Authority, RB, M/F
Housing(b) |
730 | 581,862 | ||||||
4.00%, 06/01/58 |
1,085 | 1,022,864 |
Security | Par (000) |
Value | ||||||
California (continued) | ||||||||
CSCDA Community Improvement Authority, RB, M/F Housing(b)
(continued) |
$ | 855 | $ | 801,398 | ||||
Golden State Tobacco Securitization Corp., Refunding RB |
1,860 | 288,144 | ||||||
Series A-1, 3.50%, 06/01/22(a) |
795 | 802,999 | ||||||
Series A-1, 5.00%, 06/01/22(a) |
785 | 796,775 | ||||||
Mount San Antonio Community College District, Refunding GO, CAB, Series A, Convertible, 6.25%, 08/01/43(d) |
5,000 | 5,622,720 | ||||||
Norman Y Mineta San Jose International Airport SJC, Refunding RB |
||||||||
Series A, AMT, 5.00%, 03/01/36 |
365 | 419,890 | ||||||
Series A, AMT, 5.00%, 03/01/37 |
400 | 459,294 | ||||||
San Diego Community College District, GO,
CAB(c) |
1,855 | 1,154,815 | ||||||
0.00%, 08/01/32 |
2,320 | 1,356,376 | ||||||
San Diego County Regional Airport Authority, ARB |
||||||||
Series B, AMT, 4.00%, 07/01/51 |
245 | 265,909 | ||||||
Series B, AMT, 4.00%, 07/01/56 |
255 | 276,710 | ||||||
San Diego Unified School District, GO, CAB(c) |
||||||||
Series C, Election 2008, 0.00%, 07/01/38 |
1,400 | 938,846 | ||||||
Series G, Election 2008, 0.00%, 01/01/24(a) |
2,730 | 1,392,508 | ||||||
San Diego Unified School District, Refunding GO, CAB, Series R-1, 0.00%, 07/01/31(c) |
1,110 | 913,312 | ||||||
San Francisco City & County Airport Comm-San Francisco International Airport, Refunding ARB, |
||||||||
Series A, AMT, 5.00%, 05/01/49 |
705 | 828,406 | ||||||
State of California, GO, 5.00%, 04/01/42 |
1,500 | 1,509,891 | ||||||
Yosemite Community College District, GO(c) |
||||||||
Series D, 0.00%, 08/01/36 |
2,000 | 1,419,796 | ||||||
Series D, Election 2004, 0.00%, 08/01/37 |
2,790 | 1,915,380 | ||||||
|
|
|||||||
30,910,848 | ||||||||
Colorado 1.9% | ||||||||
City & County of Denver Colorado, COP, Series A, |
1,165 | 1,242,989 | ||||||
Colorado Health Facilities Authority, RB, Series A, |
945 | 1,013,891 | ||||||
Colorado Health Facilities Authority, Refunding RB, |
940 | 1,027,105 | ||||||
Regional Transportation District, COP, Series A, 5.00%, 06/01/39 |
2,500 | 2,618,613 | ||||||
|
|
|||||||
5,902,598 | ||||||||
Connecticut 1.0% | ||||||||
Connecticut Housing Finance Authority, Refunding RB, M/F Housing, Series E-1, (HUD SECT 8), 3.25%, 11/15/54 |
620 | 625,256 | ||||||
Connecticut Housing Finance Authority, Refunding RB, S/F Housing, Series A-1, 3.80%, 11/15/39 |
65 | 67,070 | ||||||
Connecticut State Health & Educational Facilities Authority, Refunding RB, Series A, 4.00%, 07/01/41 |
1,650 | 1,815,734 | ||||||
State of Connecticut, GO, Series C, 5.00%, 06/15/32 |
545 | 652,652 | ||||||
|
|
|||||||
3,160,712 | ||||||||
District of Columbia 0.3% | ||||||||
Metropolitan Washington Airports Authority Dulles Toll Road Revenue, Refunding RB, Series B, |
||||||||
Subordinate, 4.00%, 10/01/49 |
875 | 961,767 | ||||||
|
|
1 |
Schedule of Investments (unaudited) (continued) January 31, 2022 |
BlackRock MuniYield Quality Fund II, Inc. (MQT) (Percentages shown are based on Net Assets) |
Security | Par (000) |
Value | ||||||
Florida 9.5% | ||||||||
Brevard County Health Facilities Authority, Refunding RB, 5.00%, 04/01/39 |
$ | 1,420 | $ | 1,519,262 | ||||
Capital Trust Agency, Inc., RB(b) |
||||||||
Series A, 5.00%, 06/01/55 |
480 | 489,953 | ||||||
Series SE, 3.00%, 07/01/31 |
100 | 100,632 | ||||||
Series SE, 4.00%, 07/01/41 |
165 | 174,015 | ||||||
Series SE, 4.00%, 07/01/51 |
190 | 197,288 | ||||||
Series SE, 4.00%, 07/01/56 |
160 | 165,404 | ||||||
City of Tampa Florida, RB, CAB(c) |
||||||||
Series A, 0.00%, 09/01/49 |
525 | 182,931 | ||||||
Series A, 0.00%, 09/01/53 |
560 | 163,442 | ||||||
County of Miami-Dade Florida Aviation Revenue, Refunding ARB, Series A, AMT, 5.00%, 10/01/38 |
425 | 470,135 | ||||||
County of Miami-Dade Florida Aviation Revenue, Refunding RB |
||||||||
AMT, 5.00%, 10/01/34 |
160 | 174,800 | ||||||
Series A, AMT, 5.00%, 10/01/22(a) |
1,730 | 1,780,397 | ||||||
County of Miami-Dade Seaport Department, ARB(a) |
||||||||
Series A, 6.00%, 10/01/23 |
1,780 | 1,930,577 | ||||||
Series B, AMT, 6.00%, 10/01/23 |
1,150 | 1,246,491 | ||||||
Series B, AMT, 6.25%, 10/01/23 |
360 | 391,435 | ||||||
County of Osceola Florida Transportation Revenue, Refunding RB, CAB(c) |
||||||||
Series A-2, 0.00%, 10/01/41 |
505 | 265,713 | ||||||
Series A-2, 0.00%, 10/01/42 |
675 | 341,468 | ||||||
Series A-2, 0.00%, 10/01/43 |
615 | 298,784 | ||||||
Series A-2, 0.00%, 10/01/44 |
625 | 292,279 | ||||||
Series A-2, 0.00%, 10/01/45 |
525 | 236,521 | ||||||
Escambia County Health Facilities Authority, Refunding RB, 4.00%, 08/15/45 |
850 | 917,923 | ||||||
Florida Development Finance Corp., RB(b) AMT, |
480 | 506,773 | ||||||
Series A, AMT, 5.00%, 08/01/29(e) |
185 | 188,428 | ||||||
Florida Development Finance Corp., Refunding RB, Series C, 5.00%, 09/15/50(b) |
270 | 288,975 | ||||||
Greater Orlando Aviation Authority, ARB |
||||||||
Sub-Series A, AMT, 5.00%, 10/01/37 |
660 | 766,549 | ||||||
Sub-Series A, AMT, 5.00%, 10/01/47 |
2,170 | 2,474,672 | ||||||
Sub-Series A, AMT, 5.00%, 10/01/52 |
1,330 | 1,513,951 | ||||||
Lakewood Ranch Stewardship District, SAB, S/F Housing |
235 | 244,162 | ||||||
4.00%, 05/01/50 |
395 | 403,940 | ||||||
Miami-Dade County Educational Facilities Authority, Refunding RB, Series A, 5.00%, 04/01/40 |
2,635 | 2,917,214 | ||||||
Miami-Dade County Seaport Department, Refunding RB, Series A-1, AMT, (AGM), 4.00%, 10/01/45 |
790 | 884,715 | ||||||
Orange County Health Facilities Authority, Refunding RB |
495 | 537,589 | ||||||
5.00%, 08/01/47 |
1,435 | 1,555,695 | ||||||
Orange County Housing Finance Authority, RB, S/F Housing, Series A, (FHLMC, FNMA, GNMA), 3.75%, 09/01/47 |
150 | 156,639 | ||||||
Palm Beach County Health Facilities Authority, RB, Series B, 4.00%, 11/15/41 |
140 | 156,063 | ||||||
Putnam County Development Authority, Refunding RB, Series A, 5.00%, 03/15/42 |
1,560 | 1,779,667 |
Security | Par (000) |
Value | ||||||
Florida (continued) | ||||||||
Reedy Creek Improvement District, GO, Series A, |
$ | 1,040 | $ | 1,101,444 | ||||
State of Florida, GO, Series B, 4.00%, 07/01/39 |
1,840 | 2,070,631 | ||||||
Storey Creek Community Development District, SAB, 4.13%, 12/15/49 |
500 | 525,451 | ||||||
|
|
|||||||
29,412,008 | ||||||||
Georgia 1.5% | ||||||||
Gainesville & Hall County Hospital Authority, Refunding RB, Series A, (GTD), 5.50%, 02/15/25(a) |
440 | 494,136 | ||||||
George L Smith II Congress Center Authority, RB, |
280 | 302,010 | ||||||
LaGrange-Troup County Hospital Authority, Refunding RB, 4.00%, 04/01/47 |
1,110 | 1,199,576 | ||||||
Main Street Natural Gas, Inc., RB, Series A, 5.00%, 05/15/43 |
615 | 714,216 | ||||||
Municipal Electric Authority of Georgia, RB |
470 | 513,041 | ||||||
5.00%, 01/01/56 |
645 | 743,735 | ||||||
Private Colleges & Universities Authority, RB, 5.00%, 04/01/24(a) |
670 | 723,803 | ||||||
|
|
|||||||
4,690,517 | ||||||||
Hawaii 0.4% | ||||||||
State of Hawaii Airports System Revenue, ARB, |
1,150 | 1,261,925 | ||||||
|
|
|||||||
Illinois 10.4% | ||||||||
Chicago Board of Education, GO |
||||||||
Series A, 5.00%, 12/01/36 |
985 | 1,150,036 | ||||||
Series A, 5.00%, 12/01/38 |
400 | 466,308 | ||||||
Series A, 5.00%, 12/01/39 |
360 | 419,081 | ||||||
Series A, 5.00%, 12/01/40 |
730 | 847,764 | ||||||
Series A, 5.00%, 12/01/41 |
470 | 546,774 | ||||||
Chicago Board of Education, Refunding GO, Series A, 5.00%, 12/01/30 |
840 | 989,549 | ||||||
Chicago Board of Education, Refunding GO, CAB, Series A, 0.00%, 12/01/25(c) |
225 | 209,036 | ||||||
Chicago Midway International Airport, Refunding ARB, Series A, AMT, 2nd Lien, 5.00%, 01/01/34 |
505 | 537,150 | ||||||
Chicago OHare International Airport, ARB, Series D, Senior Lien, 5.25%, 01/01/42 |
2,585 | 3,002,519 | ||||||
Chicago OHare International Airport, Refunding ARB, Series C, AMT, Senior Lien, 5.38%, 01/01/39 |
3,235 | 3,350,554 | ||||||
Illinois Finance Authority, Refunding RB |
||||||||
Series C, 4.13%, 08/15/37 |
665 | 711,041 | ||||||
Series C, 5.00%, 08/15/44 |
305 | 335,386 | ||||||
Illinois Housing Development Authority, RB, S/F Housing, Series A, (FHLMC, FNMA, GNMA), 4.13%, 10/01/38 |
360 | 391,938 | ||||||
Illinois State Toll Highway Authority, RB |
||||||||
Series A, 4.00%, 01/01/46 |
1,760 | 1,990,363 | ||||||
Series B, 5.00%, 01/01/37 |
2,465 | 2,783,909 | ||||||
Metropolitan Pier & Exposition Authority, RB, Series A, 5.00%, 06/15/57 |
670 | 757,035 | ||||||
Metropolitan Pier & Exposition Authority, RB, CAB, |
10,000 | 6,463,660 | ||||||
Metropolitan Pier & Exposition Authority, Refunding RB 4.00%, 06/15/50 |
515 | 546,050 | ||||||
Series B, (AGM), 0.00%, 06/15/44(c) |
2,980 | 1,492,059 |
S 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) January 31, 2022 |
BlackRock MuniYield Quality Fund II, Inc. (MQT) (Percentages shown are based on Net Assets) |
Security | Par (000) |
Value | ||||||
Illinois (continued) | ||||||||
Regional Transportation Authority, RB, Series B, (NPFGC), 5.75%, 06/01/33 |
$ | 2,000 | $ | 2,573,450 | ||||
State of Illinois, GO |
870 | 931,472 | ||||||
5.50%, 07/01/33 |
710 | 749,622 | ||||||
5.25%, 02/01/34 |
600 | 642,394 | ||||||
5.50%, 07/01/38 |
390 | 411,764 | ||||||
|
|
|||||||
32,298,914 | ||||||||
Indiana 0.4% | ||||||||
Indiana Finance Authority, RB, Series A, AMT, |
1,215 | 1,282,763 | ||||||
|
|
|||||||
Louisiana 1.8% | ||||||||
Louisiana Public Facilities Authority, Refunding RB, 5.00%, 05/15/46 |
2,400 | 2,739,943 | ||||||
New Orleans Aviation Board, ARB, Series B, AMT, 5.00%, 01/01/40 |
2,620 | 2,835,466 | ||||||
|
|
|||||||
5,575,409 | ||||||||
Maine 0.1% | ||||||||
Maine State Housing Authority, RB, S/F Housing, Series B, 3.35%, 11/15/44 |
175 | 180,087 | ||||||
|
|
|||||||
Maryland 0.3% | ||||||||
City of Baltimore Maryland, Refunding TA, Series A, Senior Lien, 3.63%, 06/01/46(b) |
655 | 660,893 | ||||||
Maryland Economic Development Corp., RB, 5.00%, 07/01/56 |
145 | 169,138 | ||||||
|
|
|||||||
830,031 | ||||||||
Massachusetts 2.0% | ||||||||
Massachusetts Development Finance Agency, RB, Series A, 5.00%, 01/01/47 |
1,855 | 2,073,882 | ||||||
Massachusetts Development Finance Agency, Refunding RB, 4.00%, 07/01/41 |
815 | 896,880 | ||||||
Massachusetts Educational Financing Authority, RB, Series C, AMT, Subordinate, 3.00%, 07/01/51 |
515 | 489,822 | ||||||
Massachusetts Housing Finance Agency, RB, M/F Housing, Series A, 3.85%, 06/01/46 |
55 | 57,162 | ||||||
Massachusetts Housing Finance Agency, Refunding RB, Series A, AMT, 4.45%, 12/01/42 |
660 | 678,090 | ||||||
Massachusetts School Building Authority, RB |
||||||||
Series A, 5.00%, 05/15/23(a) |
1,110 | 1,169,131 | ||||||
Sub-Series B, 4.00%, 02/15/43 |
670 | 703,791 | ||||||
|
|
|||||||
6,068,758 | ||||||||
Michigan 4.2% | ||||||||
Eastern Michigan University, RB, Series A, (AGM), 4.00%, 03/01/44 |
545 | 591,203 | ||||||
Michigan Finance Authority, Refunding RB 4.00%, 11/15/46 |
1,050 | 1,118,293 | ||||||
Series A, 4.00%, 12/01/40 |
2,630 | 2,907,231 | ||||||
Michigan State Housing Development Authority, RB, M/F Housing |
||||||||
Series A, 2.45%, 10/01/46 |
625 | 573,488 | ||||||
Series A, 4.15%, 10/01/53 |
1,680 | 1,774,038 | ||||||
Series A, 2.70%, 10/01/56 |
2,240 | 2,070,322 | ||||||
Michigan State Housing Development Authority, RB, S/F Housing, Series B, 2.95%, 12/01/39 |
450 | 452,165 | ||||||
Michigan State University, Refunding RB, |
570 | 684,377 |
Security | Par (000) |
Value | ||||||
Michigan (continued) | ||||||||
Michigan Strategic Fund, RB, AMT, 5.00%, 12/31/43 |
$ | 1,465 | $ | 1,682,917 | ||||
Royal Oak Hospital Finance Authority, Refunding RB, Series D, 5.00%, 09/01/39 |
720 | 772,601 | ||||||
Western Michigan University, Refunding RB, (AGM), 5.00%, 11/15/23(a) |
340 | 364,367 | ||||||
|
|
|||||||
12,991,002 | ||||||||
Missouri 0.6% | ||||||||
Kansas City Industrial Development Authority, ARB, AMT, (AGM), 4.00%, 03/01/57 |
1,140 | 1,253,941 | ||||||
Missouri Housing Development Commission, RB, S/F Housing, (FHLMC, FNMA, GNMA), 2.20%, 11/01/46 |
740 | 642,363 | ||||||
|
|
|||||||
1,896,304 | ||||||||
Nebraska 0.9% | ||||||||
Central Plains Energy Project, RB, 5.25%, 09/01/37 |
2,650 | 2,714,045 | ||||||
|
|
|||||||
New Jersey 8.8% | ||||||||
New Jersey Economic Development Authority, RB |
||||||||
Series WW, 5.25%, 06/15/25(a) |
15 | 16,973 | ||||||
Series WW, 5.25%, 06/15/33 |
135 | 150,966 | ||||||
Series WW, 5.00%, 06/15/34 |
180 | 199,647 | ||||||
Series WW, 5.00%, 06/15/36 |
800 | 885,830 | ||||||
Series WW, 5.25%, 06/15/40 |
305 | 336,544 | ||||||
AMT, 5.13%, 01/01/34 |
610 | 650,821 | ||||||
AMT, 5.38%, 01/01/43 |
790 | 843,323 | ||||||
New Jersey Economic Development Authority, Refunding RB, Sub-Series A, 4.00%, 07/01/32 |
295 | 320,443 | ||||||
New Jersey Educational Facilities Authority, Refunding RB, Series A, 5.00%, 07/01/42 |
800 | 907,742 | ||||||
New Jersey Higher Education Student Assistance Authority, RB, Series C, AMT, Subordinate, 4.25%, 12/01/50 |
800 | 832,098 | ||||||
New Jersey Higher Education Student Assistance Authority, Refunding RB 1st Series, AMT, 5.50%, 12/01/25 |
165 | 165,147 | ||||||
1st Series, AMT, 5.50%, 12/01/26 |
115 | 115,100 | ||||||
1st Series, AMT, 5.75%, 12/01/28 |
65 | 65,059 | ||||||
Series B, AMT, 3.25%, 12/01/39 |
2,150 | 2,239,118 | ||||||
Sub-Series C, AMT, 3.63%, 12/01/49 |
645 | 631,218 | ||||||
New Jersey Housing & Mortgage Finance Agency, Refunding RB, 2nd Series, AMT, 4.35%, 11/01/33 |
840 | 851,581 | ||||||
New Jersey Transportation Trust Fund Authority, RB |
||||||||
Series A, (NPFGC), 5.75%, 06/15/25 |
1,400 | 1,599,563 | ||||||
Series A, 0.00%, 12/15/29(c) |
225 | 187,020 | ||||||
Series AA, 5.25%, 06/15/33 |
1,315 | 1,384,652 | ||||||
Series AA, 5.00%, 06/15/38 |
1,180 | 1,272,293 | ||||||
Series AA, 5.50%, 06/15/39 |
4,650 | 4,901,444 | ||||||
Series AA, 5.00%, 06/15/45 |
790 | 943,055 | ||||||
Series AA, 3.00%, 06/15/50 |
235 | 231,923 | ||||||
Series D, 5.00%, 06/15/32 |
525 | 575,946 | ||||||
New Jersey Transportation Trust Fund Authority, Refunding RB, 4.00%, 12/15/39 |
925 | 1,019,872 | ||||||
South Jersey Transportation Authority, RB, Series A, 4.00%, 11/01/50 |
510 | 563,163 | ||||||
Tobacco Settlement Financing Corp., Refunding RB |
||||||||
Series A, 5.00%, 06/01/34 |
820 | 965,153 | ||||||
Series A, 5.00%, 06/01/36 |
1,220 | 1,432,851 |
3 |
Schedule of Investments (unaudited) (continued) January 31, 2022 |
BlackRock MuniYield Quality Fund II, Inc. (MQT) (Percentages shown are based on Net Assets) |
Security | Par (000) |
Value | ||||||
New Jersey (continued) |
||||||||
Tobacco Settlement Financing Corp., Refunding RB (continued) |
||||||||
Series A, 4.00%, 06/01/37 |
$ | 745 | $ | 823,509 | ||||
Sub-Series B, 5.00%, 06/01/46. |
2,005 | 2,256,930 | ||||||
|
|
|||||||
27,368,984 | ||||||||
New Mexico 0.2% |
||||||||
City of Santa Fe New Mexico, RB, Series A, 5.00%, 05/15/39 |
170 | 187,368 | ||||||
New Mexico Hospital Equipment Loan Council, Refunding RB, Series VIC, 5.00%, 08/01/44 |
325 | 360,222 | ||||||
|
|
|||||||
547,590 | ||||||||
New York 8.5% |
||||||||
Metropolitan Transportation Authority, Refunding RB, Series C-1, 5.00%, 11/15/56 |
1,330 | 1,451,526 | ||||||
New York City Housing Development Corp., RB, M/F Housing, Series I-1, (FHA), 2.55%, 11/01/45 |
1,000 | 936,733 | ||||||
New York City Transitional Finance Authority Building Aid Revenue, RB, Series S-3, Subordinate, (SAW), 4.00%, 07/15/46 |
1,000 | 1,098,268 | ||||||
New York City Transitional Finance Authority Future Tax Secured Revenue, Refunding RB, Series B, 5.00%, 11/01/32 |
2,200 | 2,265,910 | ||||||
New York City Water & Sewer System, RB, Series DD-1, 4.00%, 06/15/48. |
5,000 | 5,440,060 | ||||||
New York Liberty Development Corp., Refunding RB |
975 | 1,048,928 | ||||||
Series A, 2.88%, 11/15/46 |
4,030 | 3,841,251 | ||||||
New York Power Authority, Refunding RB, Series A, 4.00%, 11/15/60 |
395 | 438,763 | ||||||
New York Transportation Development Corp., ARB, Series A, AMT, 5.25%, 01/01/50 |
4,950 | 5,253,871 | ||||||
New York Transportation Development Corp., RB |
||||||||
AMT, 5.00%, 10/01/35 |
350 | 418,686 | ||||||
AMT, 5.00%, 10/01/40 |
1,000 | 1,182,649 | ||||||
Port Authority of New York & New Jersey, Refunding ARB |
||||||||
Consolidated, 186th Series, AMT, 5.00%, 10/15/36 |
555 | 606,322 | ||||||
Consolidated, 186th Series, AMT, 5.00%, 10/15/44 |
1,110 | 1,202,926 | ||||||
Series 207, AMT, 4.00%, 09/15/43 |
410 | 441,004 | ||||||
State of New York Mortgage Agency, RB, S/F Housing, Series 239, (SONYMA), 2.60%, 10/01/44 |
830 | 796,492 | ||||||
|
|
|||||||
26,423,389 | ||||||||
Ohio 3.2% |
||||||||
Buckeye Tobacco Settlement Financing Authority, Refunding RB, Series B-2, Class 2, 5.00%, 06/01/55 |
4,245 | 4,649,846 | ||||||
County of Butler Ohio, Refunding RB, 4.00%, 11/15/37 |
890 | 978,878 | ||||||
Montgomery County, Refunding RB, 4.00%, 08/01/51 |
2,310 | 2,576,858 | ||||||
Ohio Housing Finance Agency, RB, S/F Housing, |
120 | 125,323 | ||||||
Ohio Turnpike & Infrastructure Commission, RB |
||||||||
Series A-1, Junior Lien, 5.25%, 02/15/32 |
610 | 634,872 | ||||||
Series A-1, Junior Lien, 5.25%, 02/15/33 |
850 | 884,430 | ||||||
|
|
|||||||
9,850,207 | ||||||||
Oklahoma 0.2% |
||||||||
Oklahoma Turnpike Authority, RB, Series A, 4.00%, 01/01/48 |
495 | 551,781 | ||||||
|
|
Security | Par (000) |
Value | ||||||
Oregon 0.4% |
||||||||
Clackamas Community College District, GO, Series A, 5.00%, 06/15/40 |
$ | 390 | $ | 456,579 | ||||
Clackamas County School District No.12 North Clackamas, GO, CAB, Series A, (GTD), 0.00%, 06/15/38(c) |
875 | 481,693 | ||||||
State of Oregon Housing & Community Services Department, RB, S/F Housing, Series C, 3.95%, 07/01/43 |
245 | 251,999 | ||||||
|
|
|||||||
1,190,271 | ||||||||
Pennsylvania 12.3% |
||||||||
Allegheny County Airport Authority, ARB, Series A, AMT, 5.00%, 01/01/56 |
1,610 | 1,907,356 | ||||||
Bucks County Industrial Development Authority, RB |
100 | 109,142 | ||||||
4.00%, 07/01/51 |
100 | 108,601 | ||||||
City of Philadelphia Pennsylvania Airport Revenue, Refunding ARB |
||||||||
Series B, AMT, 5.00%, 07/01/35 |
670 | 771,192 | ||||||
Series B, AMT, 5.00%, 07/01/47 |
765 | 874,836 | ||||||
Commonwealth Financing Authority, RB (AGM), 4.00%, 06/01/39 |
935 | 1,040,598 | ||||||
Series B, 5.00%, 06/01/22(a) |
2,110 | 2,141,382 | ||||||
Montgomery County Higher Education and Health Authority, Refunding RB, Series A, 4.00%, 09/01/49 |
840 | 890,265 | ||||||
Montgomery County, Refunding RB, 4.00%, 05/01/52(f) |
1,050 | 1,142,798 | ||||||
Pennsylvania Economic Development Financing Authority, RB |
||||||||
Series A-1, 4.00%, 04/15/50 |
875 | 972,534 | ||||||
Series B, 4.00%, 03/15/40 |
3,000 | 3,199,974 | ||||||
AMT, 5.00%, 12/31/34 |
2,220 | 2,511,586 | ||||||
AMT, 5.00%, 12/31/38 |
1,155 | 1,295,082 | ||||||
AMT, 5.00%, 06/30/42 |
3,300 | 3,670,128 | ||||||
Pennsylvania Economic Development Financing Authority, Refunding RB, Series A, 4.00%, 11/15/42 |
835 | 914,251 | ||||||
Pennsylvania Higher Education Assistance Agency, RB, Series B, AMT, Subordinate, 3.00%, 06/01/47 |
180 | 164,310 | ||||||
Pennsylvania Higher Educational Facilities Authority, Refunding RB, Series A, 5.25%, 09/01/50 |
3,175 | 3,463,512 | ||||||
Pennsylvania Housing Finance Agency, RB, S/F Housing, Series 128B, AMT, 3.85%, 04/01/38 |
1,760 | 1,868,280 | ||||||
Pennsylvania Turnpike Commission, RB |
||||||||
Series A, 5.00%, 12/01/38 |
550 | 605,365 | ||||||
Series A-1, 5.00%, 12/01/41 |
730 | 834,149 | ||||||
Series B, 5.00%, 12/01/40 |
285 | 320,524 | ||||||
Series C, 5.50%, 12/01/23(a) |
490 | 530,085 | ||||||
Series C, 5.00%, 12/01/39 |
2,900 | 3,184,261 | ||||||
Sub-Series A-1, Subordinate, 5.00%, 12/01/41 |
1,755 | 1,954,661 | ||||||
Pennsylvania Turnpike Commission, Refunding RB 3rd Series, 4.00%, 12/01/38 |
1,835 | 2,032,004 | ||||||
Series A-1, 5.00%, 12/01/40 |
680 | 758,401 | ||||||
School District of Philadelphia, GO, Series A, (SAW), 4.00%, 09/01/46 |
575 | 641,768 | ||||||
School District of Philadelphia, Refunding, Series F, (SAW), 5.00%, 09/01/38 |
270 | 308,015 | ||||||
|
|
|||||||
38,215,060 | ||||||||
Puerto Rico 4.7% |
||||||||
Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue, RB |
||||||||
Series A-1, Restructured, 4.75%, 07/01/53 |
5,407 | 5,916,139 | ||||||
Series A-1, Restructured, 5.00%, 07/01/58 |
3,922 | 4,363,696 |
S 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) January 31, 2022 |
BlackRock MuniYield Quality Fund II, Inc. (MQT) (Percentages shown are based on Net Assets) |
Security | Par (000) |
Value | ||||||
Puerto Rico (continued) | ||||||||
Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue, RB (continued) |
||||||||
Series A-2, Restructured, 4.33%, 07/01/40 |
$ | 1,324 | $ | 1,437,202 | ||||
Series A-2, Restructured, 4.78%, 07/01/58 |
276 | 303,059 | ||||||
Series B-1, Restructured, 4.75%, 07/01/53 |
424 | 464,940 | ||||||
Series B-2, Restructured, 4.78%, 07/01/58 |
411 | 451,602 | ||||||
Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue, RB, CAB, Series A-1, Restructured, 0.00%, 07/01/46(c) |
5,089 | 1,645,889 | ||||||
|
|
|||||||
14,582,527 | ||||||||
Rhode Island 1.6% | ||||||||
Rhode Island Housing and Mortgage Finance Corp., Refunding RB, S/F Housing, Series 75-A, 2.35%, 10/01/44 |
1,075 | 972,966 | ||||||
Rhode Island Turnpike & Bridge Authority, Refunding RB, Series A, 5.00%, 10/01/40 |
415 | 470,709 | ||||||
Tobacco Settlement Financing Corp., Refunding RB |
||||||||
Series B, 4.50%, 06/01/45 |
945 | 1,002,549 | ||||||
Series B, 5.00%, 06/01/50 |
2,340 | 2,541,998 | ||||||
|
|
|||||||
4,988,222 | ||||||||
South Carolina 6.9% | ||||||||
Charleston County Airport District, ARB, Series A, AMT, 5.50%, 07/01/41 |
1,360 | 1,436,322 | ||||||
County of Berkeley South Carolina, SAB |
||||||||
4.25%, 11/01/40 |
315 | 338,448 | ||||||
4.38%, 11/01/49 |
465 | 495,253 | ||||||
South Carolina Jobs-Economic Development Authority, RB |
||||||||
5.00%, 11/01/48 |
2,010 | 2,354,693 | ||||||
5.00%, 01/01/55(b) |
855 | 874,022 | ||||||
South Carolina Jobs-Economic Development Authority, Refunding RB, Series A, 5.00%, 05/01/38 |
2,220 | 2,597,193 | ||||||
South Carolina Ports Authority, ARB |
||||||||
AMT, 5.25%, 07/01/25(a) |
2,040 | 2,314,317 | ||||||
AMT, 5.00%, 07/01/48 |
470 | 543,493 | ||||||
South Carolina Public Service Authority, RB |
||||||||
Series A, 5.50%, 12/01/54 |
3,935 | 4,282,437 | ||||||
Series E, 5.50%, 12/01/53 |
2,820 | 3,021,131 | ||||||
South Carolina Public Service Authority, Refunding RB, Series B, 5.00%, 12/01/38 |
1,840 | 1,961,994 | ||||||
South Carolina State Housing Finance & Development Authority, RB, S/F Housing, Series A, 2.25%, 07/01/46 |
1,310 | 1,182,260 | ||||||
|
|
|||||||
21,401,563 | ||||||||
South Dakota 0.4% | ||||||||
South Dakota Health & Educational Facilities Authority, Refunding RB, 4.00%, 07/01/37 |
1,085 | 1,191,335 | ||||||
|
|
|||||||
Tennessee 0.7% | ||||||||
Greeneville Health & Educational Facilities Board, Refunding RB, Series A, 4.00%, 07/01/40 |
750 | 828,469 |
Security | Par (000) |
Value | ||||||
Tennessee (continued) | ||||||||
Metropolitan Government Nashville & Davidson County Health & Educational Facilities Board, RB, Series A, 5.00%, 07/01/46 |
$ | 1,110 | $ | 1,247,677 | ||||
Metropolitan Government Nashville & Davidson County Health & Educational Facilities Board, Refunding RB, Series A, 4.00%, 10/01/49 |
210 | 221,406 | ||||||
|
|
|||||||
2,297,552 | ||||||||
Texas 13.5% | ||||||||
Brazos Higher Education Authority, Inc., RB, Series 1B, AMT, Subordinate, 3.00%, 04/01/40 |
115 | 102,419 | ||||||
Central Texas Turnpike System, RB, Series C, 5.00%, 08/15/37 |
1,240 | 1,348,650 | ||||||
Central Texas Turnpike System, Refunding RB, Series A, 5.00%, 08/15/22(a) |
605 | 619,357 | ||||||
City of Houston Texas Airport System Revenue, RB, Series A, AMT, 6.63%, 07/15/38 |
405 | 406,588 | ||||||
City of Houston Texas Airport System Revenue, Refunding ARB, AMT, 5.00%, 07/15/27 |
230 | 262,788 | ||||||
City of Houston Texas Airport System Revenue, Refunding RB |
||||||||
Series A, AMT, 5.00%, 07/01/27 |
225 | 256,770 | ||||||
Sub-Series A, AMT, 4.00%, 07/01/39 |
450 | 507,944 | ||||||
Sub-Series A, AMT, 4.00%, 07/01/40 |
360 | 404,933 | ||||||
Sub-Series A, AMT, 4.00%, 07/01/47 |
350 | 381,190 | ||||||
City of San Antonio Texas Electric & Gas Systems Revenue, RB, Junior Lien, 5.00%, 02/01/23(a) |
500 | 520,844 | ||||||
Dallas Fort Worth International Airport, Refunding RB, Series F, 5.25%, 11/01/33 |
865 | 925,127 | ||||||
Leander Independent School District, Refunding GO, CAB, Series D, (PSF), 0.00%, 08/15/24(a)(c) |
3,020 | 1,500,487 | ||||||
Midland County Fresh Water Supply District No.1, RB, CAB, Series A, 0.00%, 09/15/36(c) |
1,850 | 1,047,901 | ||||||
New Hope Cultural Education Facilities Finance Corp., RB, Series A, 5.00%, 08/15/50(b) |
450 | 474,359 | ||||||
North Texas Tollway Authority, RB, CAB, Series C, 6.75%, 09/01/31(a) |
10,000 | 14,068,640 | ||||||
North Texas Tollway Authority, Refunding RB |
||||||||
4.25%, 01/01/49 |
1,090 | 1,198,290 | ||||||
Series A, 5.00%, 01/01/43 |
790 | 934,162 | ||||||
Series B, 5.00%, 01/01/40 |
530 | 547,466 | ||||||
San Antonio Public Facilities Corp., Refunding RB(c) |
||||||||
0.00%, 09/15/35 |
1,150 | 604,161 | ||||||
0.00%, 09/15/36 |
3,875 | 1,919,621 | ||||||
0.00%, 09/15/37 |
17,775 | 8,292,038 | ||||||
Tarrant County Cultural Education Facilities Finance Corp., RB, Series B, 5.00%, 07/01/35 |
1,815 | 2,178,073 | ||||||
Tarrant County Cultural Education Facilities Finance Corp., Refunding RB, 5.25%, 12/01/39 |
750 | 801,896 | ||||||
Texas City Industrial Development Corp., RB, Series 2012, 4.13%, 12/01/45 |
260 | 272,316 | ||||||
Texas Department of Housing & Community Affairs, RB, S/F Housing 3.13%, 07/01/47(f) |
900 | 906,764 |
5 |
Schedule of Investments (unaudited) (continued) January 31, 2022 |
BlackRock MuniYield Quality Fund II, Inc. (MQT) (Percentages shown are based on Net Assets) |
Security | Par (000) |
Value | ||||||
Texas (continued) | ||||||||
Texas Department of Housing & Community Affairs, RB, S/F Housing (continued) |
||||||||
Series A, (GNMA), 4.25%, 09/01/43 |
$ | 275 | $ | 288,655 | ||||
Texas Private Activity Bond Surface Transportation Corp., RB, AMT, Senior Lien, 5.00%, 12/31/45 |
1,135 | 1,264,025 | ||||||
|
|
|||||||
42,035,464 | ||||||||
Utah 0.7% | ||||||||
City of Salt Lake City Utah Airport Revenue, ARB, Series A, AMT, 5.00%, 07/01/42 |
1,095 | 1,252,373 | ||||||
Salt Lake City Corp. Airport Revenue, ARB, Series A, AMT, 5.00%, 07/01/48 |
395 | 457,206 | ||||||
Utah Charter School Finance Authority, RB, Series A, 5.00%, 06/15/39(b) |
185 | 194,781 | ||||||
Utah Charter School Finance Authority, Refunding RB, 5.00%, 06/15/40(b) |
335 | 376,368 | ||||||
|
|
|||||||
2,280,728 | ||||||||
Virginia 0.0% | ||||||||
Lynchburg Economic Development Authority, Refunding RB, 4.00%, 01/01/55 |
105 | 115,853 | ||||||
|
|
|||||||
Washington 3.4% | ||||||||
Port of Seattle Washington, ARB |
||||||||
Series A, AMT, 5.00%, 05/01/43 |
1,730 | 1,977,378 | ||||||
Series C, AMT, 5.00%, 04/01/40 |
900 | 979,937 | ||||||
Port of Seattle Washington, Refunding ARB, Series C, AMT, 5.00%, 08/01/46 |
2,145 | 2,600,701 | ||||||
Snohomish County Housing Authority, Refunding RB, 4.00%, 04/01/44 |
430 | 463,662 | ||||||
Washington Health Care Facilities Authority, RB 4.00%, 10/01/45 |
630 | 660,239 | ||||||
Series B, 5.00%, 08/15/44 |
3,000 | 3,057,087 | ||||||
Washington State Housing Finance Commission, RB, M/F Housing, Series A-1, 3.50%, 12/20/35 |
856 | 901,836 | ||||||
|
|
|||||||
10,640,840 | ||||||||
West Virginia 0.3% | ||||||||
West Virginia Hospital Finance Authority, RB, Series A, 4.00%, 06/01/51 |
870 | 938,477 | ||||||
|
|
|||||||
Wisconsin 2.5% | ||||||||
Public Finance Authority, RB(b) |
555 | 557,862 | ||||||
5.00%, 10/15/56 |
215 | 229,030 | ||||||
Series A, 5.00%, 07/15/39 |
100 | 109,732 | ||||||
Series A, 5.00%, 07/01/40 |
300 | 323,244 | ||||||
Series A, 5.00%, 07/15/49 |
355 | 383,699 | ||||||
Series A, 5.00%, 07/15/54 |
170 | 183,107 | ||||||
Series A-1, 5.00%, 01/01/55 |
535 | 574,665 | ||||||
Public Finance Authority, Refunding RB, 5.00%, 09/01/39(b) |
295 | 314,343 | ||||||
Wisconsin Health & Educational Facilities Authority, RB, 4.00%, 08/15/51 |
1,805 | 1,988,025 |
Security | Par (000) |
Value | ||||||
Wisconsin (continued) | ||||||||
Wisconsin Housing & Economic Development Authority, RB, M/F Housing |
||||||||
Series A, 4.15%, 11/01/48 |
$ | 1,920 | $ | 2,088,348 | ||||
Series A, 4.45%, 05/01/57 |
1,030 | 1,098,275 | ||||||
|
|
|||||||
7,850,330 | ||||||||
|
|
|||||||
Total Municipal Bonds 117.0% |
363,399,808 | |||||||
|
|
|||||||
Municipal Bonds Transferred to Tender Option Bond Trusts(g) |
| |||||||
California(h) 1.7% |
||||||||
Bay Area Toll Authority, Refunding RB, 4.00%, 04/01/47 |
3,392 | 3,635,931 | ||||||
Los Angeles Unified School District, GO, Series B-1, 5.25%, 07/01/42 |
1,391 | 1,660,357 | ||||||
|
|
|||||||
5,296,288 | ||||||||
Colorado 0.8% | ||||||||
City & County of Denver Colorado Airport System |
||||||||
Revenue, Refunding ARB, Series A, AMT, 5.25%, |
2,084 | 2,476,673 | ||||||
|
|
|||||||
Connecticut 0.4% | ||||||||
Connecticut State Health & Educational Facilities Authority, Refunding RB, 5.00%, 12/01/45 |
1,231 | 1,390,734 | ||||||
|
|
|||||||
District of Columbia 1.0% | ||||||||
District of Columbia Housing Finance Agency, RB, M/F Housing, Series B-2, (FHA), 4.10%, 09/01/39 |
920 | 984,405 | ||||||
Metropolitan Washington Airports Authority, Refunding RB, Series A, AMT, 5.00%, 10/01/30 |
2,190 | 2,244,570 | ||||||
|
|
|||||||
3,228,975 | ||||||||
Florida 6.2% | ||||||||
City of Miami Beach Florida, RB, 5.00%, 09/01/45 |
2,740 | 3,033,753 | ||||||
City of South Miami Health Facilities Authority, Inc., Refunding RB, 5.00%, 08/15/47 |
2,340 | 2,716,075 | ||||||
County of Broward Florida Port Facilities Revenue, ARB, Series B, AMT, 4.00%, 09/01/49 |
2,050 | 2,237,160 | ||||||
County of Miami-Dade Florida Transit System, Refunding RB, 5.00%, 07/01/22(a) |
1,540 | 1,582,951 | ||||||
County of Seminole Florida Sales Tax Revenue, |
4,200 | 5,335,491 | ||||||
Greater Orlando Aviation Authority, ARB, Series A, AMT, 4.00%, 10/01/49(h) |
2,117 | 2,331,946 | ||||||
Miami-Dade County Expressway Authority, Refunding RB, Series A, (AGM), 5.00%, 07/01/35 |
2,100 | 2,106,875 | ||||||
|
|
|||||||
19,344,251 | ||||||||
Georgia 1.1% | ||||||||
Georgia Housing & Finance Authority, Refunding RB, Series A, 3.70%, 06/01/49 |
1,739 | 1,844,108 | ||||||
Georgia Ports Authority, RB, 4.00%, 07/01/51(h) |
1,471 | 1,688,533 | ||||||
|
|
|||||||
3,532,641 | ||||||||
Illinois 4.9% | ||||||||
City of Chicago IIllinois Waterworks Revenue, |
490 | 491,714 | ||||||
Illinois State Toll Highway Authority, RB |
1,858 | 1,921,293 |
S 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) January 31, 2022 |
BlackRock MuniYield Quality Fund II, Inc. (MQT) (Percentages shown are based on Net Assets) |
Security | Par (000) |
Value | ||||||
Illinois (continued) |
||||||||
Illinois State Toll Highway Authority, RB (continued) |
$ | 930 | $ | 1,041,902 | ||||
Regional Transportation Authority, RB, (NPFGC), |
10,000 | 11,752,590 | ||||||
|
|
|||||||
15,207,499 | ||||||||
Louisiana 0.5% | ||||||||
State of Louisiana Gasoline & Fuels Tax Revenue, Refunding RB, Series A, 1st Lien, 4.00%, 05/01/25(a) |
1,350 | 1,470,907 | ||||||
|
|
|||||||
Maryland 1.3% | ||||||||
City of Baltimore Maryland, RB |
||||||||
Series A, 5.00%, 07/01/41 |
2,478 | 2,860,064 | ||||||
Series A, 5.00%, 07/01/46 |
939 | 1,080,481 | ||||||
|
|
|||||||
3,940,545 | ||||||||
Massachusetts 0.5% | ||||||||
Commonwealth of Massachusetts, GO, Series A, |
1,321 | 1,417,879 | ||||||
|
|
|||||||
Michigan 1.8% | ||||||||
Michigan Finance Authority, RB |
||||||||
Series A, 5.00%, 11/01/44 |
1,750 | 1,946,116 | ||||||
Series A, 4.00%, 02/15/50 |
2,550 | 2,779,663 | ||||||
Michigan State Building Authority, Refunding RB, |
760 | 852,179 | ||||||
|
|
|||||||
5,577,958 | ||||||||
Nevada 2.2% | ||||||||
County of Clark Nevada, GO, Series A, 5.00%, 06/01/38 |
2,716 | 3,227,383 | ||||||
Las Vegas Valley Water District, Refunding GO, |
||||||||
Series A, 5.00%, 06/01/46 |
3,080 | 3,490,340 | ||||||
|
|
|||||||
6,717,723 | ||||||||
New Jersey 1.7% | ||||||||
Hudson County Improvement Authority, RB, 5.25%, 05/01/51 |
720 | 822,675 | ||||||
New Jersey Turnpike Authority, Refunding RB |
||||||||
Series B, 4.00%, 01/01/37 |
2,054 | 2,301,011 | ||||||
Series G, 4.00%, 01/01/43 |
1,906 | 2,100,812 | ||||||
|
|
|||||||
5,224,498 | ||||||||
New York 7.7% | ||||||||
Metropolitan Transportation Authority, RB, Sub- Series D-1, 5.25%, 11/15/44 |
3,080 | 3,337,185 | ||||||
New York City Housing Development Corp., Refunding RB, Series A, 4.15%, 11/01/38 |
1,940 | 2,070,081 | ||||||
New York City Transitional Finance Authority Building Aid Revenue, RB, Series S-1, (SAW), 4.00%, 07/15/42(h) |
1,500 | 1,518,711 | ||||||
New York City Transitional Finance Authority Future Tax Secured Revenue, RB, Sub-Series A-3, 5.00%, 08/01/40(h) |
2,714 | 3,188,516 | ||||||
New York City Water & Sewer System, Refunding RB |
||||||||
Series CC, 5.00%, 06/15/23(a) |
2,312 | 2,433,243 | ||||||
Series CC, 5.00%, 06/15/47 |
2,608 | 2,744,204 | ||||||
Series DD, 5.00%, 06/15/35 |
1,470 | 1,598,882 | ||||||
Series FF, 5.00%, 06/15/39 |
2,595 | 2,883,509 |
Security | Par (000) |
Value | ||||||
New York (continued) |
||||||||
Port Authority of New York & New Jersey, ARB, |
$ | 1,573 | $ | 1,708,932 | ||||
Port Authority of New York & New Jersey, Refunding ARB, Consolidated, 198th Series, 5.25%, 11/15/56 |
2,001 | 2,306,185 | ||||||
23,789,448 | ||||||||
Ohio 1.6% |
||||||||
Northeast Ohio Regional Sewer District, Refunding RB |
1,110 | 1,183,617 | ||||||
4.00%, 11/15/43 |
2,581 | 2,895,237 | ||||||
4.00%, 11/15/49(h) |
765 | 814,985 | ||||||
|
|
|||||||
4,893,839 | ||||||||
Pennsylvania 1.1% |
||||||||
Pennsylvania Housing Finance Agency, RB, S/F Housing, Series 129, 3.40%, 10/01/49 |
1,362 | 1,402,007 | ||||||
Philadelphia Authority for Industrial Development, RB, Series A, 4.00%, 07/01/44 |
1,094 | 1,132,623 | ||||||
Westmoreland County Municipal Authority, Refunding RB, (BAM), 5.00%, 08/15/42 |
800 | 884,942 | ||||||
|
|
|||||||
3,419,572 | ||||||||
South Carolina 0.6% |
||||||||
South Carolina Ports Authority, ARB, Series B, AMT, |
1,770 | 1,931,173 | ||||||
|
|
|||||||
Texas 3.3% |
||||||||
Harris County Toll Road Authority, Refunding RB, Series A, Senior Lien, 5.00%, 08/15/43 |
1,094 | 1,302,070 | ||||||
Houston Community College System, GO, 4.00%, 02/15/23(a) |
1,305 | 1,347,931 | ||||||
San Antonio Public Facilities Corp., Refunding RB, 4.00%, 09/15/42 |
1,649 | 1,671,928 | ||||||
Tarrant County Cultural Education Facilities Finance Corp., Refunding RB, Series A, 5.00%, 02/15/41 |
3,080 | 3,523,307 | ||||||
Texas Department of Housing & Community Affairs, RB, S/F Housing |
||||||||
Series A, (GNMA), 3.63%, 09/01/44 |
805 | 838,372 | ||||||
Series A, (GNMA), 3.00%, 09/01/45 |
408 | 405,122 | ||||||
Series A, (GNMA), 3.75%, 09/01/49 |
442 | 459,641 | ||||||
Series A, (GNMA), 3.00%, 03/01/50 |
772 | 767,615 | ||||||
|
|
|||||||
10,315,986 | ||||||||
Utah 1.7% |
||||||||
County of Utah, RB, Series B, 4.00%, 05/15/47 |
5,135 | 5,359,839 | ||||||
|
|
|||||||
Virginia 0.8% |
||||||||
Hampton Roads Transportation Accountability Commission, RB, Series A, Senior Lien, 5.50%, 07/01/57 |
1,962 | 2,357,677 | ||||||
|
|
|||||||
Washington 1.0% |
||||||||
Washington Health Care Facilities Authority, Refunding RB, Series A, 5.00%, 10/01/38 |
2,565 | 3,138,109 | ||||||
|
|
7 |
Schedule of Investments (unaudited) (continued) January 31, 2022 |
BlackRock MuniYield Quality Fund II, Inc. (MQT) (Percentages shown are based on Net Assets) |
Security | Par (000) |
Value | ||||||
Wisconsin 0.6% | ||||||||
Wisconsin Health & Educational Facilities Authority, Refunding RB, Series A, 5.00%, 04/01/42 |
$ | 1,920 | $ | 1,967,593 | ||||
|
|
|||||||
Total Municipal Bonds Transferred to Tender Option Bond Trusts 42.5% (Cost: $124,720,521) |
131,999,807 | |||||||
|
|
|||||||
Total Long-Term Investments 159.5% (Cost: $458,698,275) |
495,399,615 | |||||||
|
|
|||||||
Shares | ||||||||
Short-Term Securities |
| |||||||
Money Market Funds 2.4% | ||||||||
BlackRock Liquidity Funds, MuniCash, Institutional Class, 0.01%(i)(j) |
7,562,191 | 7,562,191 | ||||||
|
|
|||||||
Total Short-Term Securities 2.4% (Cost: $7,562,910) |
7,562,191 | |||||||
|
|
|||||||
Total Investments 161.9% (Cost: $466,261,185) |
502,961,806 | |||||||
Other Assets Less Liabilities 0.3% | 884,502 | |||||||
Liability for TOB Trust Certificates, Including Interest Expense and Fees Payable (24.7)% |
(76,640,782) | |||||||
VMTP Shares at Liquidation Value (37.5)% | (116,500,000) | |||||||
|
|
|||||||
Net Assets Applicable to Common Shares 100.0% | $ 310,705,526 | |||||||
|
|
(a) | 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. |
(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) | Zero-coupon bond. |
(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) | Variable rate security. Interest rate resets periodically. The rate shown is the effective interest rate as of period end. Security description also includes the reference rate and spread if published and available. |
(f) | When-issued security. |
(g) | Represent bonds transferred to a TOB Trust in exchange of cash and residual certificates received by the Fund. These bonds serve as collateral in a secured borrowing. |
(h) | All or a portion of the security is subject to a recourse agreement. The aggregate maximum potential amount the Fund could ultimately be required to pay under the agreements, which expire between May 2, 2022 to July 1, 2029, is $12,620,583. |
(i) | Affiliate of the Fund. |
(j) | Annualized 7-day yield as of period end. |
Affiliates
Investments in issuers considered to be affiliate(s) of the Fund during the period ended January 31, 2022 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:
Affiliated Issuer | Value at 04/30/21 |
Purchases at Cost |
Proceeds from Sales |
Net Realized Gain (Loss) |
Change in Unrealized Appreciation (Depreciation) |
Value at 01/31/22 |
Shares Held at 01/31/22 |
Income | Capital Gain Distributions from Underlying Funds |
|||||||||||||||||||||||||||
BlackRock Liquidity Funds, MuniCash, Institutional Class |
$ | 1,059,716 | $ | 6,503,229 | (a) | $ | | $ | (35 | ) | $ | (719 | ) | $ | 7,562,191 | 7,562,191 | $ | 432 | $ | | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|
(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 |
96 | 03/22/22 | $ | 12,285 | $ | 154,477 | ||||||||||
U.S. Long Bond |
56 | 03/22/22 | 8,710 | 165,025 | ||||||||||||
5-Year U.S. Treasury Note |
125 | 03/31/22 | 14,902 | 144,940 | ||||||||||||
|
|
|||||||||||||||
$ | 464,442 | |||||||||||||||
|
|
S 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) January 31, 2022 |
BlackRock MuniYield Quality Fund II, Inc. (MQT) |
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 marketcorroborated inputs); and |
| Level 3 Unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available (including the BlackRock Global Valuation Methodologies Committees (the Global Valuation Committees) assumptions used in determining the fair value of financial instruments). |
The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the fair value hierarchy classification is determined based on the lowest level input that is significant to the fair value measurement in its entirety. Investments classified within Level 3 have significant unobservable inputs used by the Global Valuation Committee in determining the price for Fair Valued Investments. Level 3 investments include equity or debt issued by privately held companies or funds. There may not be a secondary market, and/or there are a limited number of investors. The categorization of a value determined for financial instruments is based on the pricing transparency of the financial instruments and is not necessarily an indication of the risks associated with investing in those securities. For information about the Funds policy regarding valuation of financial instruments, refer to its most recent financial statements.
The following table summarizes the Funds financial instruments categorized in the fair value hierarchy. The breakdown of the Funds 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 |
$ | | $ | 363,399,808 | $ | | $ | 363,399,808 | ||||||||
Municipal Bonds Transferred to Tender Option Bond Trusts |
| 131,999,807 | | 131,999,807 | ||||||||||||
Short-Term Securities |
||||||||||||||||
Money Market Funds |
7,562,191 | | | 7,562,191 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
$ | 7,562,191 | $ | 495,399,615 | $ | | $ | 502,961,806 | |||||||||
|
|
|
|
|
|
|
|
|||||||||
Derivative Financial Instruments(a) |
||||||||||||||||
Assets |
||||||||||||||||
Interest Rate Contracts |
$ | 464,442 | $ | | $ | | $ | 464,442 | ||||||||
|
|
|
|
|
|
|
|
(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 |
$ | | $ | (76,620,090 | ) | $ | | $ | (76,620,090 | ) | ||||||
VMTP Shares at Liquidation Value |
| (116,500,000 | ) | | (116,500,000 | ) | ||||||||||
|
|
|
|
|
|
|
|
|||||||||
$ | | $ | (193,120,090 | ) | $ | | $ | (193,120,090 | ) | |||||||
|
|
|
|
|
|
|
|
Portfolio Abbreviation | ||
AGM | Assured Guaranty Municipal Corp. | |
AMT | Alternative Minimum Tax | |
ARB | Airport Revenue Bonds | |
BAM | Build America Mutual Assurance Co. | |
CAB | Capital Appreciation Bonds | |
COP | Certificates of Participation |
Portfolio Abbreviation (continued) | ||
FHA | Federal Housing Administration | |
FHLMC | Federal Home Loan Mortgage Corp. | |
FNMA | Federal National Mortgage Association | |
GNMA | Government National Mortgage Association | |
GO | General Obligation Bonds | |
GTD | GTD Guaranteed |
9 |
Schedule of Investments (unaudited) (continued) January 31, 2022 |
BlackRock MuniYield Quality Fund II, Inc. (MQT) |
Portfolio Abbreviation (continued) | ||
HUD SECT 8 | U.S. Department of Housing and Urban Development Section 8 | |
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 | |
SONYMA | State of New York Mortgage Agency | |
TA | Tax Allocation |
S C H E D U L E O F I N V E S T M E N T S |
10 |