NPORT-EX 2 NPORT_LCQ1_29533044_1023.htm BlackRock MuniYield Quality Fund II

Schedule of Investments (unaudited) 

October 31, 2023

   

BlackRock MuniYield Quality Fund II, Inc. (MQT)

(Percentages shown are based on Net Assets)

 

Security   Par
(000)		     Value  

Municipal Bonds

    
Alabama — 4.8%            

Black Belt Energy Gas District, RB(a)

4.00%, 10/01/52

   $     1,355     $ 1,305,630  

Series A, 5.25%, 01/01/54

     835       833,593  

Series C-1, 5.25%, 02/01/53

     2,545       2,548,011  

Series F, 5.50%, 11/01/53

     810       818,896  

Energy Southeast A Cooperative District, RB,

    

Series B-1, 5.75%, 04/01/54(a)

    1,815       1,876,951  

Homewood Educational Building Authority, Refunding RB

    

Series A, 5.00%, 12/01/34

     240       243,167  

Series A, 5.00%, 12/01/47

     655       622,685  

Southeast Energy Authority A Cooperative District, RB(a)

   

Series A-1, 5.50%, 01/01/53

     740       746,950  

Series B-1, 5.00%, 05/01/53

     2,055       2,035,096  
   

 

 

  
          11,030,979  
Arizona — 3.4%            

Arizona Industrial Development Authority, RB(b)

5.00%, 07/01/54

     545       422,584  

Series A, 5.00%, 07/01/49

     545       439,083  

Series A, 5.00%, 07/01/54

     420       329,702  

City of Phoenix Civic Improvement Corp., ARB,

    

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

     1,745       1,688,617  

City of Phoenix Civic Improvement Corp., RB,
5.25%, 07/01/47(c)

    910       944,432  

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

     305       227,149  

Industrial Development Authority of the County of Pima, RB, 5.00%, 07/01/39(b)

    500       427,927  

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

    1,025       832,807  

Maricopa County Industrial Development Authority, Refunding RB
5.00%, 07/01/54(b)

    290       235,553  

Series A, 5.00%, 09/01/37

     575       578,118  

Salt Verde Financial Corp., RB, 5.00%, 12/01/37

     1,120       1,085,370  

Sierra Vista Industrial Development Authority, RB, 5.75%, 06/15/53(b)

    745       665,967  
   

 

 

  
      7,877,309  
Arkansas — 0.7%            

Arkansas Development Finance Authority, RB
AMT, 5.70%, 05/01/53

     420       381,329  

Series A, AMT, 4.50%, 09/01/49(b)

    1,275       1,120,922  
   

 

 

  
      1,502,251  
California — 6.0%            

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

    120       72,163  

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

    370       326,768  

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

5.00%, 09/01/37

     100       91,565  

4.00%, 10/01/56

     155       116,712  

4.00%, 12/01/56

     200       126,218  

Series A, 4.00%, 06/01/58

     760       518,463  

Senior Lien, 3.13%, 06/01/57

     525       300,374  
Security   Par
(000)		     Value  
California (continued)            

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

    

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

   $ 755     $ 510,595  

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

        5,000       4,323,921  

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

     765       741,701  

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

     1,375       1,167,833  

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

    1,400       696,894  

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

    2,730       1,412,783  

San Diego Unified School District, Refunding GO, CAB, Series R-1, 0.00%, 07/01/31(e)

    1,110       804,670  

Yosemite Community College District, GO(e)

   

Series D, Election 2004, 0.00%, 08/01/36

     2,000       1,107,027  

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

     2,790       1,422,559  
   

 

 

  
          13,740,246  
Colorado — 1.6%            

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

     695       580,638  

Colorado Health Facilities Authority, RB,
Series A, 4.00 %, 11/15/46

     945       777,962  

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

     940       772,471  

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

     1,635       1,454,166  
   

 

 

  
      3,585,237  
Connecticut — 0.1%            

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

     55       46,399  

Connecticut State Health & Educational Facilities Authority, RB
5.25%, 07/15/48

     145       141,180  

4.25%, 07/15/53

     190       152,361  
   

 

 

  
      339,940  
District of Columbia — 0.3%            

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

     875       685,669  
   

 

 

  
Florida — 9.9%            

Capital Trust Agency, Inc., RB(b)

5.00%, 01/01/55

     535       372,437  

Series A, 5.00%, 06/01/55

     480       353,868  

Series A, 5.50%, 06/01/57

     170       135,007  

City of Fort Lauderdale Florida Water & Sewer Revenue, RB, 5.50%, 09/01/53

     3,340       3,518,376  

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

     2,340       2,279,244  

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

     2,210       2,272,385  

City of Tampa Florida, RB, CAB(e)

   

Series A, 0.00%, 09/01/49

     525       101,918  

Series A, 0.00%, 09/01/53

     295       43,728  

County of Broward Florida Airport System Revenue, ARB, Series A, AMT, 4.00%, 10/01/49

     735       582,287  
 

 

 

1  

Schedule of Investments (unaudited) (continued)

October 31, 2023

   

BlackRock MuniYield Quality Fund II, Inc. (MQT)

(Percentages shown are based on Net Assets)

 

Security  

Par

(000)

     Value  
Florida (continued)            

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

   $ 1,000     $ 991,307  

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

     425       409,066  

County of Miami-Dade Florida Aviation Revenue, Refunding RB, AMT, 5.00%, 10/01/34

     160       160,073  

County of Miami-Dade Seaport Department, Refunding RB
Series A, AMT, 5.00%, 10/01/41

     360       346,592  

Series A, AMT, 5.25%, 10/01/52

     285       272,071  

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

     790       632,289  

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

   

Series A-2, 0.00%, 10/01/46

     480       114,498  

Series A-2, 0.00%, 10/01/47

     775       171,825  

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

     180       188,887  

Florida Development Finance Corp., RB(b)

6.50%, 06/30/57

     340       293,065  

AMT, 5.00%, 05/01/29

     480       436,952  

Florida Development Finance Corp., Refunding RB, Series C, 5.00%, 09/15/50(b)

    270       201,413  

Greater Orlando Aviation Authority, ARB

    

Sub-Series A, AMT, 5.00%, 10/01/37

     660       656,785  

Sub-Series A, AMT, 5.00%, 10/01/47

     2,520       2,367,776  

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

     2,165       2,071,662  

Lakewood Ranch Stewardship District, SAB, 6.30%, 05/01/54

     210       204,408  

Lakewood Ranch Stewardship District, SAB, S/F Housing
4.00 %, 05/01/40

     235       184,476  

4.00%, 05/01/50

     395       274,801  

Orange County Housing Finance Authority, RB, S/F Housing 5.00 %, 10/01/53

         1,805       1,696,073  

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

     120       99,481  

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

     140       109,064  

Seminole Improvement District, RB, 5.30%, 10/01/37

     150       137,551  

Storey Creek Community Development District, SAB, 4.13 %, 12/15/49

     500       358,076  

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

     540       515,516  

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

    215       189,757  
   

 

 

  
          22,742,714  
Georgia — 3.0%            

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

     500       405,457  

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

    200       157,702  

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

     875       706,905  

Main Street Natural Gas, Inc., RB

    

Series A, 5.00%, 05/15/43

     615       585,830  

Series A, 5.00%, 05/15/49

     235       218,764  

Series A, 5.00%, 06/01/53(a)

    620       609,567  

Series C, 5.00%, 09/01/53(a)

    2,970       2,946,311  
Security  

Par

(000)

     Value  
Georgia (continued)            

Municipal Electric Authority of Georgia, RB

    

Class A, 5.50%, 07/01/63

   $ 345     $ 339,715  

Series A, 5.00%, 01/01/59

     880       814,450  

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

    120       120,466  
   

 

 

  
      6,905,167  
Hawaii — 1.0%            

State of Hawaii Airports System Revenue, ARB,

    

Series A, AMT, 5.00%, 07/01/43

     2,315       2,233,857  
   

 

 

  
Illinois — 9.7%            

Chicago Board of Education, GO

    

Series A, 5.00%, 12/01/34

     1,265           1,232,337  

Series A, 5.00%, 12/01/40

     1,195       1,087,904  

Series A, 5.00%, 12/01/47

     360       315,857  

Chicago Board of Education, Refunding GO, Series A, 5.00 %, 12/01/30

     135       133,894  

Chicago Midway International Airport, Refunding ARB, Series B, 5.00%, 01/01/46

     1,770       1,771,966  

Chicago O’Hare International Airport, Refunding ARB

    

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

     740       699,085  

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

     830       687,603  

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

     705       660,995  

City of Chicago Illinois Waterworks Revenue, RB,

    

Series A, 2nd Lien, (AGM), 5.25%, 11/01/53

     525       529,155  

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

     475       466,664  

Illinois Finance Authority, Refunding RB

    

Series A, 5.00%, 11/15/45

     1,110       1,029,961  

Series C, 4.13%, 08/15/37

     665       570,086  

Series C, 5.00%, 08/15/44

     305       276,027  

Illinois Housing Development Authority, RB, S/F

    

Housing, Series A, (FHLMC, FNMA, GNMA),

4.13%, 10/01/38

     120       110,321  

Illinois State Toll Highway Authority, RB

    

Series A, 5.00%, 01/01/40

     730       731,223  

Series A, 4.00%, 01/01/46

     930       775,536  

Series B, 5.00%, 01/01/40

     190       190,673  

Metropolitan Pier & Exposition Authority, RB
5.00%, 06/15/57

     670       612,077  

Series A, (NPFGC), 0.00%, 12/15/36(e)

        10,000       5,109,452  

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

    2,980       967,456  

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

     2,000       2,203,828  

State of Illinois, GO 5.25%, 02/01/32

     870       871,782  

5.25%, 02/01/34

     600       601,232  

Series B, 5.25%, 05/01/41

     635       631,501  
   

 

 

  
      22,266,615  
Indiana — 0.1%            

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

     245       251,337  
   

 

 

  
Kentucky — 0.7%            

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

    150       131,339  

County of Boyle Kentucky, Refunding RB

    

Series A, 4.25%, 06/01/46

     200       170,391  

Series A, 5.25%, 06/01/49

     370       371,128  
 

 

 

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)

October 31, 2023

   

BlackRock MuniYield Quality Fund II, Inc. (MQT)

(Percentages shown are based on Net Assets)

 

Security   Par
(000)		      Value  
Kentucky (continued)             

Fayette County School District Finance Corp., RB (NGFGC), 5.00%, 06/01/44

   $ 545      $ 551,865  

(BAM-TCRS), 5.00%, 06/01/46

     480        482,214  
    

 

 

  
           1,706,937  
Louisiana — 2.8%             

Louisiana Public Facilities Authority, Refunding RB, 5.00 %, 05/15/42

     2,400        2,300,002  

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

     1,095        1,079,204  

New Orleans Aviation Board, ARB

     

Series B, AMT, 5.00%, 01/01/45

         2,380        2,228,394  

Series B, AMT, 5.00%, 01/01/48

     1,010        916,963  
    

 

 

  
       6,524,563  
Maryland — 0.6%             

City of Baltimore Maryland, Refunding TA, Series A, Senior Lien, 3.63%, 06/01/46(b)

    655        459,970  

Maryland Economic Development Corp., RB 5.00%, 07/01/56

     145        128,768  

Class B, AMT, 5.25%, 06/30/55

     800        733,690  
    

 

 

  
       1,322,428  
Massachusetts — 1.2%             

Massachusetts Development Finance Agency, RB, Series A, 5.00%, 01/01/47

     1,855        1,676,774  

Massachusetts Development Finance Agency, Refunding RB, 5.00%, 07/01/47

     815        797,152  

Massachusetts Housing Finance Agency, Refunding RB, Series A, AMT, 4.45%, 12/01/42

     350        297,191  
    

 

 

  
       2,771,117  
Michigan — 6.5%             

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

     880        732,655  

Eastern Michigan University, RB,
Series A, (AGM), 4.00 %, 03/01/44

     520        442,262  

Michigan Finance Authority, RB 4.00%, 02/15/50

     1,885        1,523,488  

Series A, 4.00%, 11/15/50

     2,550        2,017,281  

Series S, 5.00%, 11/01/44

     1,755        1,696,921  

Michigan Finance Authority, Refunding RB 4.00%, 11/15/46

     1,050        858,583  

Series A, 4.00%, 12/01/40

     2,630        2,274,216  

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

     535        453,889  

Michigan State Hospital Finance Authority, Refunding RB, 5.00%, 11/15/47

     1,300        1,259,654  

Michigan State Housing Development Authority, RB, M/F Housing, Series A, AMT, 2.55%, 10/01/51

     645        366,726  

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

     450        338,649  

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

     1,980        1,840,975  

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

     725        732,248  

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

    340        340,061  
    

 

 

  
       14,877,608  
Minnesota — 0.2%             

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

     445        438,525  
    

 

 

  
Security   Par
(000)		      Value  
Missouri — 0.5%             

Kansas City Industrial Development Authority, ARB AMT, 5.00%, 03/01/46

   $ 470      $ 443,806  

Series B, AMT, 5.00%, 03/01/39

     670        639,030  
    

 

 

  
       1,082,836  
Nebraska — 0.9%             

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

         1,150        1,096,302  

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

     1,140        1,027,091  
    

 

 

  
           2,123,393  
Nevada — 1.1%             

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

     2,715        2,428,240  
    

 

 

  
New Jersey — 5.3%             

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

     180        184,076  

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

     730        731,957  

New Jersey Economic Development Authority, RB

     

Series WW, 5.00%, 06/15/25(f)

    180        183,314  

Series WW, 5.25%, 06/15/25(f)

    455        465,185  

AMT, 5.13%, 01/01/34

     610        597,122  

AMT, 5.38%, 01/01/43

     790        764,888  

New Jersey Economic Development Authority, Refunding RB, Sub-Series A, 4.00%, 07/01/32

     295        276,604  

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

     800        625,853  

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

     875        794,434  

New Jersey Transportation Trust Fund Authority, RB

     

Series A, 0.00%, 12/15/29(e)

    225        170,944  

Series AA, 5.00%, 06/15/38

     1,180        1,171,229  

Series AA, 4.00%, 06/15/40

     925        822,904  

Series AA, 5.00%, 06/15/45

     725        718,176  

Series AA, 4.00%, 06/15/50

     560        460,344  

Series BB, 4.00%, 06/15/50

     1,400        1,143,954  

Series D, 5.00%, 06/15/32

     525        530,338  

New Jersey Transportation Trust Fund Authority, Refunding RB

     

Series A, 5.00%, 06/15/37

     525        538,904  

Series A, 5.25%, 06/15/42

     210        214,794  

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

     720        613,185  

Tobacco Settlement Financing Corp., Refunding RB,
Series A, 5.00%, 06/01/35

     1,220        1,244,619  
    

 

 

  
       12,252,824  
New Mexico — 0.1%             

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

     180        141,280  
    

 

 

  
New York — 10.9%             

City of New York, GO

     

Series A-1, 5.00%, 08/01/47

     260        258,785  

Series B, 5.25%, 10/01/41

     545        564,875  

Metropolitan Transportation Authority, Refunding RB,

     

Series C-1, 5.00%, 11/15/56

     1,330        1,244,906  
 

 

 

3  

Schedule of Investments (unaudited) (continued)

October 31, 2023

   

BlackRock MuniYield Quality Fund II, Inc. (MQT)

(Percentages shown are based on Net Assets)

 

Security   Par
(000)		     Value  
New York (continued)            

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

   $     1,105     $ 967,136  

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

     2,105           2,145,579  

New York Liberty Development Corp., Refunding RB Class 1, 5.00%, 11/15/44(b)

    775       691,578  

Series A, 2.88%, 11/15/46

     855       554,456  

Series A, (BAM-TCRS), 3.00%, 11/15/51

     2,045       1,316,319  

Series A, 3.00%, 11/15/51

     1,015       657,991  

New York Power Authority, Refunding RB

    

Series A, 4.00%, 11/15/55

     230       186,840  

Series A, 4.00%, 11/15/60

     425       342,136  

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

     720       605,755  

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

     660       569,439  

New York Transportation Development Corp., ARB AMT, 5.00%, 12/01/36

     450       445,413  

Series A, AMT, 5.25%, 01/01/50

     4,950       4,652,655  

New York Transportation Development Corp., RB
5.63%, 04/01/40(c)

    470       465,075  

AMT, 5.00%, 10/01/35

     1,050       1,002,018  

Port Authority of New York & New Jersey, ARB

    

AMT, 5.00%, 11/01/49

     1,535       1,462,379  

Series 221, AMT, 4.00%, 07/15/55

     1,570       1,207,823  

Port Authority of New York & New Jersey, Refunding ARB
186th Series, AMT, 5.00%, 10/15/36

     305       305,398  

Series 197, AMT, 5.00%, 11/15/35

     250       251,571  

Triborough Bridge & Tunnel Authority Sales Tax Revenue, RB Series A, 4.13%, 05/15/53

     3,150       2,661,407  

Series A, 4.50%, 05/15/63

         1,000       875,409  

Triborough Bridge & Tunnel Authority, Refunding RB, Series A, 5.00%, 05/15/47

     1,705       1,708,560  
   

 

 

  
      25,143,503  
North Carolina — 0.1%            

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

     165       159,352  
   

 

 

  
Ohio — 2.3%            

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

     5,215       4,264,314  

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

     450       433,634  

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

    530       422,466  

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

     90       77,652  
   

 

 

  
          5,198,066  
Oklahoma — 0.3%            

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

     495       420,922  

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

     345       297,626  
   

 

 

  
      718,548  
Security   Par
(000)		     Value  
Oregon — 1.2%            

Clackamas Community College District, GO, Series A, 5.00 %, 06/15/40

   $ 390     $ 396,654  

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

    875       388,740  

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

         2,025           2,057,321  
   

 

 

  
      2,842,715  
Pennsylvania — 9.0%            

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

     1,010       910,444  

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

     200       131,578  

Pennsylvania Economic Development Financing Authority, RB

    

Series B, 4.00%, 03/15/40

     3,000       2,656,709  

AMT, 5.00%, 12/31/34

     2,220       2,190,264  

AMT, 5.50%, 06/30/41

     900       911,549  

AMT, 5.00%, 06/30/42

     4,450       4,089,506  

AMT, 5.75%, 06/30/48

     780       797,781  

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

     180       116,437  

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

     3,150       3,019,948  

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

     410       393,069  

Pennsylvania Turnpike Commission, RB

    

Series A-1, 5.00%, 12/01/41

     730       733,883  

Series B, 5.00%, 12/01/40

     285       285,420  

Series C, 5.50%, 12/01/23(f)

    490       490,368  

Pennsylvania Turnpike Commission, Refunding RB 3rd Series, 4.00%, 12/01/38

     1,835       1,623,507  

Series A, 5.00%, 12/01/38

     550       555,545  

Series A-1, 5.00%, 12/01/40

     680       669,316  

Series C, 5.00%, 12/01/39

     900       909,074  

School District of Philadelphia, GO, Series A,
5.50%, 09/01/48(c)

    265       271,686  
   

 

 

  
      20,756,084  
Puerto Rico — 4.9%            

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

    

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

     6,611       5,576,758  

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

     2,718       2,355,510  

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

     276       231,083  

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

     1,324       1,143,291  

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

     424       358,394  

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

     411       343,648  

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

    5,025       1,242,122  
   

 

 

  
          11,250,806  
Rhode Island — 0.1%            

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

     305       307,001  
   

 

 

  
South Carolina — 3.3%            

County of Berkeley South Carolina, SAB
4.25%, 11/01/40

     315       251,265  

4.38%, 11/01/49

     465       342,409  
 

 

 

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)

October 31, 2023

   

BlackRock MuniYield Quality Fund II, Inc. (MQT)

(Percentages shown are based on Net Assets)

 

Security   Par
(000)		     Value  
South Carolina (continued)            

Patriots Energy Group Financing Agency, RB,
Series A1, 5.25%, 10/01/54(a)

  $ 1,650     $     1,643,921  

South Carolina Jobs-Economic Development Authority, RB
5.00%, 11/01/43

     2,010       2,019,067  

5.00%, 01/01/55(b)

    855       643,494  

7.50%, 08/15/62(b)

    405       335,999  

South Carolina Public Service Authority, RB,
Series A, 4.00%, 12/01/55

     550       420,138  

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

     1,840       1,839,868  

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

     100       94,325  
   

 

 

  
      7,590,486  
Tennessee — 3.2%            

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

     1,000       945,574  

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

     200       200,519  

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

     1,020       938,493  

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

    1,040       1,043,362  

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

    4,400       4,306,865  
   

 

 

  
      7,434,813  
Texas — 14.5%            

Arlington Higher Education Finance Corp., RB(b)

7.50%, 04/01/62

     420       367,465  

7.88%, 11/01/62

     370       348,347  

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

         1,180       1,191,797  

Central Texas Turnpike System, RB
Series C, 5.00%, 08/15/37

     1,240       1,178,688  

Series C, 5.00%, 08/15/42

     625       593,774  

City of Austin Texas Airport System Revenue, ARB, 5.25%, 11/15/47

     905       894,912  

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

     500       411,106  

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

     100       85,393  

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

     405       401,434  

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

     230       222,081  

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

     1,430       1,398,770  

City of Houston Texas Airport System Revenue, Refunding RB

    

Series A, AMT, 5.00%, 07/01/27

     225       217,349  

Sub-Series A, AMT, 4.00%, 07/01/46

     830       686,192  

Sub-Series A, AMT, 4.00%, 07/01/48

     2,510       2,037,679  

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

     425       363,864  

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

     225       192,726  
Security   Par
(000)		     Value  
Texas (continued)            

Dallas Fort Worth International Airport, Refunding RB, Series B, 4.00%, 11/01/45

   $ 1,080     $ 914,180  

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

     665       675,939  

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

     350       305,437  

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

    1,850       1,022,819  

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

    450       352,619  

North Texas Tollway Authority, RB, Series C, Convertible, 6.75%, 09/01/31(f)

    10,000       12,081,799  

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

     970       816,727  

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

     500       496,318  

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

     465       402,890  

Tarrant County Cultural Education Facilities Finance Corp., RB 5.00%, 11/15/51

     2,535       2,417,638  

Series A, 4.00%, 07/01/53

     525       407,326  

Series A, 5.00%, 07/01/53

     645       611,835  

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

     260       201,855  

Texas Department of Housing & Community Affairs, RB, S/F Housing

    

Series A, (GNMA), 4.25%, 09/01/43

     215       190,289  

Series A, (GNMA), 3.75%, 09/01/49

     365       293,427  

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

         1,500       1,453,705  
   

 

 

  
          33,236,380  
Utah — 4.4%            

City of Salt Lake City Utah Airport Revenue, ARB

    

Series A, AMT, 5.00%, 07/01/47

     3,485       3,291,067  

Series A, AMT, 5.00%, 07/01/48

     395       373,622  

Series A, AMT, 5.25%, 07/01/48

     325       319,789  

Series A, AMT, 5.00%, 07/01/51

     1,450       1,355,503  

County of Utah Utah, RB, Series B, 4.00%, 05/15/47

     5,135       4,224,547  

Utah Charter School Finance Authority, RB, Series A, 5.00%, 06/15/39(b)

    185       157,142  

Utah Charter School Finance Authority, Refunding RB, 5.00%, 06/15/40(b)

    335       288,241  
   

 

 

  
      10,009,911  
Virginia — 0.5%            

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

     490       331,260  

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

     965       831,203  
   

 

 

  
      1,162,463  
Washington — 0.5%            

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

     720       698,872  

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

     430       341,895  
   

 

 

  
      1,040,767  
Wisconsin — 1.7%            

Public Finance Authority, RB
5.00%, 10/15/56(b)

    215       158,952  
 

 

 

5  

Schedule of Investments (unaudited) (continued)

October 31, 2023

   

BlackRock MuniYield Quality Fund II, Inc. (MQT)

(Percentages shown are based on Net Assets)

 

Security  

Par

(000)

     Value  
Wisconsin (continued)            

Public Finance Authority, RB (continued)

    

Class A, 5.00%, 06/15/51(b)

  $ 555     $ 386,974  

Class A, 6.00%, 06/15/52

     140       114,113  

Class A, 6.13%, 06/15/57

     160       130,149  

Series A, 5.00%, 07/15/39(b)

    100       87,868  

Series A, 5.00%, 07/01/40(b)

    300       244,560  

Series A, 5.00%, 07/15/49(b)

    355       294,332  

Public Finance Authority, Refunding RB,
5.00%, 09/01/39(b)

     295       233,831  

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

     1,920       1,588,765  

Series A, 4.45%, 05/01/57

     825       685,544  
   

 

 

  
      3,925,088  
   

 

 

  

Total Municipal Bonds — 117.4%
(Cost: $285,817,896)

       269,607,055  
   

 

 

  

Municipal Bonds Transferred to Tender Option Bond Trusts(g)

 

District of Columbia — 0.3%            

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

     920       790,239  
   

 

 

  

Florida — 3.9%

    

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

     2,150       2,210,691  

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

     4,200       4,540,492  

Miami-Dade County Expressway Authority, Refunding RB, Series A, (AGM),
5.00%, 07/01/35

     2,100       2,101,243  
   

 

 

  
      8,852,426  
Illinois — 8.3%            

City of Chicago Illinois Wastewater Transmission Revenue, RB, Series A, 5.25%, 01/01/58

     4,903       4,904,369  

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

     1,951       1,845,434  

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

     1,858       1,858,236  

Regional Transportation Authority, RB, (NPFGC), 6.50%, 07/01/26

     10,000       10,414,770  
   

 

 

  
      19,022,809  
New York — 7.0%            

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

     1,770       1,563,622  

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

     4,010       4,115,041  

New York City Transitional Finance Authority Building Aid Revenue, RB, 5.25%, 05/01/48

     3,680       3,788,472  

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

     1,810       1,547,800  

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

     1,910       1,928,513  

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

     1,990       1,971,414  

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

     1,500       1,245,185  
   

 

 

  
      16,160,047  
Security  

Par

(000)

     Value  
Oklahoma — 1.4%            

Oklahoma Turnpike Authority, RB,
5.50%, 01/01/53

   $ 3,001     $ 3,149,004  
   

 

 

  
Pennsylvania — 1.3%            

Pennsylvania Turnpike Commission, RB, Series B, 5.25%, 12/01/52

     3,031       3,074,659  
   

 

 

  
Texas — 0.7%            

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

     1,610       1,680,914  
   

 

 

  
Virginia — 1.2%            

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

     3,280       2,697,950  
   

 

 

  

Total Municipal Bonds Transferred to Tender Option Bond Trusts — 24.1%
(Cost: $56,544,700)

       55,428,048  
   

 

 

  

Total Long-Term Investments — 141.5%
(Cost: $342,362,596)

       325,035,103  
   

 

 

  
     Shares         

Short-Term Securities

    
Money Market Funds — 21.0%            

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

    48,263,662       48,263,662  
   

 

 

  

Total Short-Term Securities — 21.0%
(Cost: $48,263,662)

       48,263,662  
   

 

 

  

Total Investments — 162.5%
(Cost: $390,626,258)

       373,298,765  

Other Assets Less Liabilities — 1.3%

       2,966,502  

Liability for TOB Trust Certificates, Including Interest Expense and Fees Payable — (13.1)%

 

     (30,112,321 ) 

VMTP Shares at Liquidation Value, Net of Deferred Offering Costs — (50.7)%

 

     (116,500,000 ) 
   

 

 

  

Net Assets Applicable to Common
Shares — 100.0%

     $ 229,652,946  
   

 

 

  

 

(a) 

Variable rate security. Interest rate resets periodically. The rate shown is the effective interest rate as of period end. Security description also includes the reference rate and spread if published and available.

(b) 

Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors.

(c) 

When-issued security.

(d) 

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

(e) 

Zero-coupon bond.

(f) 

U.S. Government securities held in escrow, are used to pay interest on this security as well as to retire the bond in full at the date indicated, typically at a premium to par.

(g) 

Represent bonds transferred to a TOB Trust in exchange of cash and residual certificates received by the Fund. These bonds serve as collateral in a secured borrowing.

(h) 

Affiliate of the Fund.

(i) 

Annualized 7-day yield as of period end.

 

 

 

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)

October 31, 2023

   

BlackRock MuniYield Quality Fund II, Inc. (MQT)

 

Affiliates

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

 

                   
Affiliated Issuer   Value at
07/31/23		     Purchases
at Cost		     Proceeds
from Sales		     Net
Realized
Gain (Loss)		     Change in
Unrealized
Appreciation
(Depreciation)		     Value at
10/31/23		     Shares
Held at
10/31/23		     Income     Capital Gain
Distributions
from
Underlying
Funds		  

BlackRock Liquidity Funds, MuniCash, Institutional Class

   $  7,783,129     $  40,480,641 (a)    $ —     $ (108 )    $ —     $  48,263,662       48,263,662     $  104,655     $ —  
       

 

 

    

 

 

    

 

 

      

 

 

    

 

 

  

 

  (a)

Represents net amount purchased (sold).

 

Derivative Financial Instruments Outstanding as of Period End

Futures Contracts

 

         
Description    Number of
Contracts		        Expiration
Date		        Notional
Amount (000)		        Value/
Unrealized
Appreciation
(Depreciation)		  

Short Contracts

                  

10-Year U.S. Treasury Note

      62          12/19/23        $ 6,574        $ 78,517  

U.S. Long Bond

      79          12/19/23          8,606          195,687  

5-Year U.S. Treasury Note

      48          12/29/23          5,013          29,965  
                 

 

 

  
                  $ 304,169  
                 

 

 

  

Fair Value Hierarchy as of Period End

Various inputs are used in determining the fair value of financial instruments. These inputs to valuation techniques are categorized into a fair value hierarchy consisting of three broad levels for financial reporting purposes as follows:

 

  •  

Level 1 – Unadjusted price quotations in active markets/exchanges for identical assets or liabilities that the Fund has the ability to access;

 

  •  

Level 2 – Other observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are active, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the assets or liabilities (such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates) or other market–corroborated inputs); and

 

  •  

Level 3 – Unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available (including the Valuation Committee’s assumptions used in determining the fair value of financial instruments).

The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the fair value hierarchy classification is determined based on the lowest level input that is significant to the fair value measurement in its entirety. Investments classified within Level 3 have significant unobservable inputs used by the Valuation Committee in determining the price for Fair Valued Investments. Level 3 investments include equity or debt issued by privately held companies or funds. There may not be a secondary market, and/or there are a limited number of investors. The categorization of a value determined for financial instruments is based on the pricing transparency of the financial instruments and is not necessarily an indication of the risks associated with investing in those securities. For information about the Fund’s policy regarding valuation of financial instruments, refer to its most recent financial statements.

The following table summarizes the Fund’s financial instruments categorized in the fair value hierarchy. The breakdown of the Fund’s financial instruments into major categories is disclosed in the Schedule of Investments above.

 

         
      Level 1        Level 2        Level 3        Total  

Assets

                  

Investments

                  

Long-Term Investments

                  

Municipal Bonds

    $ —        $ 269,607,055        $ —        $ 269,607,055  

Municipal Bonds Transferred to Tender Option Bond Trusts

      —          55,428,048          —          55,428,048  

Short-Term Securities

                  

Money Market Funds

      48,263,662          —          —          48,263,662  
  

 

 

       

 

 

       

 

 

       

 

 

  
   $   48,263,662        $   325,035,103        $ —        $   373,298,765  
  

 

 

       

 

 

       

 

 

       

 

 

  

 

 

7  

Schedule of Investments (unaudited) (continued)

October 31, 2023

   

BlackRock MuniYield Quality Fund II, Inc. (MQT)

 

Fair Value Hierarchy as of Period End (continued)

 

 

  
     Level 1        Level 2        Level 3        Total  

 

  

Derivative Financial Instruments(a)

                 

Assets

                  

Interest Rate Contracts

    $       304,169        $ —        $ —        $       304,169  
  

 

 

       

 

 

       

 

 

       

 

 

  

 

  (a) 

Derivative financial instruments are futures contracts. Futures contracts are valued at the unrealized appreciation (depreciation) on the instrument.

 

The Fund may hold assets and/or liabilities in which the fair value approximates the carrying amount for financial reporting purposes. As of period end, such assets and/or liabilities are categorized within the fair value hierarchy as follows:

 

 

  
     Level 1        Level 2        Level 3        Total  

 

  

Liabilities

                  

TOB Trust Certificates

    $ —        $ (29,968,297 )       $ —        $ (29,968,297 ) 

VMTP Shares at Liquidation Value

      —          (116,500,000 )         —          (116,500,000 ) 
  

 

 

       

 

 

       

 

 

       

 

 

  
   $ —        $ 146,468,297 )       $ —        $ (146,468,297 ) 
  

 

 

       

 

 

       

 

 

       

 

 

  

 

Portfolio Abbreviation
AGM    Assured Guaranty Municipal Corp.
AMT    Alternative Minimum Tax
ARB    Airport Revenue Bonds
BAB    Build America Bond
BAM-TCRS   

Build America Mutual Assurance Co.- Transferable
Custodial Receipts

CAB    Capital Appreciation Bonds
COP    Certificates of Participation
FHLMC   

Federal Home Loan Mortgage Corp.

FNMA    Federal National Mortgage Association
GNMA    Government National Mortgage Association
GO    General Obligation Bonds
GTD    GTD Guaranteed
M/F    Multi-Family
NPFGC    National Public Finance Guarantee Corp.
PSF    Permanent School Fund
RB    Revenue Bond
S/F    Single-Family
SAB   

Special Assessment Bonds

SAW    State Aid Withholding
TA    Tax Allocation

 

 

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