NPORT-EX 2 NPORT_LCQV_90501938_0422.htm BlackRock MuniYield Michigan Quality Fund

Schedule of Investments  (unaudited)

April 30, 2022

   

BlackRock MuniYield Michigan Quality Fund, Inc. (MIY)

(Percentages shown are based on Net Assets)

 

Security   Par
(000)		     Value  

Municipal Bonds

 

Michigan — 143.7%

 

Corporate — 3.7%  

Monroe County Economic Development Corp., Refunding RB, Series AA, (NPFGC), 6.95%, 09/01/22

   $ 14,500     $ 14,761,783  
   

 

 

  
County/City/Special District/School District — 31.2%  

Battle Creek School District, Refunding GO, (Q-SBLF), 5.00%, 05/01/37

     1,170       1,253,121  

Berkley School District, GO, (Q-SBLF), 5.00%, 05/01/35

     2,965       3,120,431  

Byron Center Public Schools, GO

    

Series I, (Q-SBLF), 5.00%, 05/01/43

     4,475       4,843,946  

Series I, (Q-SBLF), 5.00%, 05/01/47

     740       797,983  

Columbia School District, GO, (Q-SBLF), 5.00%, 11/01/23(a)

     5,185       5,391,104  

County of Saginaw Michigan, GO, 4.00%, 11/01/42

     2,000       2,092,464  

Dearborn School District, GO, Series A, (Q-SBLF), 5.00%, 11/01/23(a)

    4,300       4,470,925  

Dowagiac Union School District, GO, (Q-SBLF), 5.00%, 05/01/41

     1,140       1,201,954  

East Lansing School District, GO, Series I, (Q-SBLF), 5.00%, 05/01/42

     1,000       1,065,996  

Farmington Public School District, Refunding GO

    

(AGM), 5.00%, 05/01/33

     1,500       1,595,184  

(AGM), 5.00%, 05/01/34

     1,500       1,590,774  

(AGM), 5.00%, 05/01/35

     1,000       1,058,088  

Fraser Public School District, Refunding GO

    

(Q-SBLF), 5.00%, 05/01/43

     2,000       2,129,436  

(Q-SBLF), 5.00%, 05/01/47

     3,225       3,422,734  

Gibraltar School District, GO, (Q-SBLF), 5.00%, 05/01/36

     750       823,360  

Grandville Public Schools, GO

    

Series I, (AGM), 4.00%, 05/01/38

     910       918,420  

Series II, (AGM), 5.00%, 05/01/40

     3,250       3,378,775  

Gull Lake Community School District, GO, Series I, (Q-SBLF), 5.00%, 05/01/45

     4,000       4,345,192  

Hudsonville Public Schools, GO

    

Series I, (Q-SBLF), 4.00%, 05/01/43

     1,875       1,869,909  

Series I, (Q-SBLF), 4.00%, 05/01/44

     1,950       1,933,142  

Series I, (Q-SBLF), 4.00%, 05/01/45

     2,040       2,011,873  

Jackson Public Schools, GO, (Q-SBLF), 5.00%, 05/01/42

     4,000       4,352,736  

Kentwood Public Schools, GO

    

5.00%, 05/01/41

     1,120       1,198,336  

5.00%, 05/01/44

     1,815       1,931,730  

Lake Orion Community School District, GO

    

(Q-SBLF), 4.00%, 05/01/38

     750       776,689  

(Q-SBLF), 4.00%, 05/01/39

     1,000       1,033,466  

(Q-SBLF), 4.00%, 05/01/40

     1,000       1,031,808  

Livonia Public Schools, GO, Series I, (AGM), 5.00%, 05/01/23(a)

     5,000       5,139,325  

Ludington Area School District, GO

    

(BAM Q-SBLF), 4.00%, 11/01/39

     1,925       1,995,203  

(BAM Q-SBLF), 4.00%, 11/01/40

     1,975       2,047,267  

(BAM Q-SBLF), 4.00%, 11/01/44

     2,015       2,077,155  

Mattawan Consolidated School District, GO, Series I, (Q-SBLF), 5.00%, 05/01/25(a)

    3,375       3,614,645  

Michigan Finance Authority, RB 5.00%, 11/01/34

     215       239,084  
Security   Par
(000)		     Value  
County/City/Special District/School District (continued)  

5.00%, 11/01/38

   $ 2,500     $ 2,760,780  

5.00%, 11/01/43

     4,000       4,382,036  

Series H-1, 5.00%, 10/01/39

     5,400       5,622,739  

Mona Shores Public Schools, GO

    

Series I, (Q-SBLF), 5.00%, 05/01/42

     1,000       1,103,426  

Series I, (Q-SBLF), 5.00%, 05/01/43

     1,025       1,129,918  

Series I, (Q-SBLF), 5.00%, 05/01/44

     1,525       1,678,798  

Novi Community School District, GO, 4.00%, 05/01/47

     1,150       1,153,943  

Portage Public Schools, GO, 4.00%, 11/01/44

     3,940       4,053,886  

Swartz Creek Community Schools, GO, (Q-SBLF), 5.00%, 05/01/44

     4,270       4,692,047  

Troy School District, GO, (Q-SBLF), 5.00%, 11/01/23(a)

    2,000       2,079,500  

Walled Lake Consolidated School District, GO

    

(Q-SBLF), 5.00%, 11/01/23(a)

    7,010       7,288,649  

(Q-SBLF), 5.00%, 05/01/45

     2,500       2,765,080  

(Q-SBLF), 5.00%, 05/01/47

     3,015       3,393,488  

West Ottawa Public Schools, GO

    

(AGM), 4.00%, 11/01/39

     1,105       1,126,855  

(AGM), 4.00%, 11/01/40

     800       813,855  

(AGM), 4.00%, 11/01/41

     845       858,036  

(AGM), 4.00%, 11/01/46

     1,725       1,740,754  

Zeeland Public Schools, GO

    

Series A, (AGM), 5.00%, 05/01/25

     2,000       2,142,232  

Series A, (AGM), 5.00%, 05/01/33

     1,000       1,054,836  
   

 

 

  
      124,593,113  
Education — 30.4%  

Grand Valley State University, RB, 5.00%, 12/01/43

     1,600       1,743,426  

Lake Superior State University, RB, (AGM), 5.00%, 01/15/48

     3,750       4,035,701  

Michigan Finance Authority, Refunding RB

    

4.00%, 02/01/29

     700       691,083  

5.00%, 02/01/33

     830       862,089  

4.00%, 12/01/33

     1,720       1,688,813  

5.00%, 12/01/36

     1,550       1,572,576  

5.00%, 09/01/40

     1,000       1,002,467  

5.00%, 12/01/40

     2,900       2,937,453  

5.00%, 12/01/45

     4,400       4,454,556  

4.00%, 09/01/46

     1,750       1,652,284  

Series 25-A, AMT, 4.00%, 11/01/29

     5,900       5,910,455  

Series 25-A, AMT, 4.00%, 11/01/30

     2,850       2,853,736  

Series 25-A, AMT, 4.00%, 11/01/31

     3,150       3,152,681  

Michigan State University, Refunding RB, Series A, 5.00%, 08/15/38

     10,000       10,314,660  

Michigan Technological University, RB, Series A, 5.00%, 10/01/45

     1,800       1,883,093  

Michigan Technological University, Refunding RB

    

5.00%, 10/01/31

     1,080       1,247,235  

5.00%, 10/01/32

     1,250       1,440,313  

5.00%, 10/01/33

     1,325       1,514,959  

5.00%, 10/01/34

     1,400       1,595,153  

Oakland University, RB

    

5.00%, 03/01/41

     3,635       3,817,513  

Series A, 5.00%, 03/01/43

     16,845       17,119,506  

University of Michigan, RB, Series A, 5.00%, 04/01/24(a)

    3,425       3,591,349  

Wayne State University, RB, Series A, 5.00%, 11/15/40

     13,000       13,351,572  

Western Michigan University, RB, Series A, (AGM), 5.00%, 11/15/51

     5,000       5,580,190  
 

 

 

1

  

Schedule of Investments  (unaudited) (continued)

April 30, 2022

   

BlackRock MuniYield Michigan Quality Fund, Inc. (MIY)

(Percentages shown are based on Net Assets)

 

Security   Par
(000)		     Value  
Education (continued)  

Western Michigan University, Refunding RB

    

(AGM), 5.00%, 11/15/23

   $ 1,750     $ 1,821,067  

5.25%, 11/15/23

     8,475       8,850,926  

(AGM), 5.25%, 11/15/23

     1,000       1,044,357  

5.00%, 11/15/44

     5,650       6,144,680  

5.00%, 11/15/49

     8,680       9,439,795  
   

 

 

  
      121,313,688  
Health — 32.9%  

Grand Traverse County Hospital Finance Authority, RB

    

Series A, 5.00%, 07/01/44

     4,230       4,352,361  

Series A, 5.00%, 07/01/47

     2,200       2,262,005  

Series A, 5.00%, 07/01/49

     2,610       2,802,117  

Series B, 4.00%, 07/01/49

     2,000       2,000,626  

Grand Traverse County Hospital Finance Authority, Refunding RB

    

5.00%, 07/01/32

     2,135       2,444,535  

5.00%, 07/01/33

     1,125       1,274,750  

5.00%, 07/01/34

     1,180       1,331,197  

Kalamazoo Economic Development Corp., Refunding RB

    

5.00%, 05/15/32

     805       837,124  

5.00%, 05/15/42

     425       432,534  

Kentwood Economic Development Corp., RB, 4.00%, 11/15/45

     750       730,686  

Kentwood Economic Development Corp., Refunding RB, 5.00%, 11/15/41

     2,335       2,520,275  

Michigan Finance Authority, RB

    

5.00%, 11/15/36

     2,500       2,531,585  

4.00%, 12/01/47

     4,000       3,922,528  

Series S, 4.00%, 11/01/46

     1,025       1,042,912  

Michigan Finance Authority, Refunding RB

    

5.00%, 11/01/22(a)

    4,000       4,060,800  

5.00%, 06/01/24(a)

    1,500       1,577,382  

5.00%, 06/01/26

     290       316,970  

5.00%, 04/15/37

     2,000       2,233,520  

5.00%, 11/15/37

     3,000       3,222,018  

5.00%, 04/15/38

     3,120       3,472,123  

5.00%, 11/15/41

     1,000       1,066,472  

4.00%, 04/15/42

     3,210       3,183,132  

5.00%, 11/15/45

     3,750       3,896,625  

5.00%, 12/01/45

     19,445       20,314,308  

4.00%, 11/15/46

     8,500       8,627,177  

4.00%, 03/01/51

     2,000       1,958,744  

Series S, 5.00%, 05/15/32

     1,000       1,048,373  

Series S, 5.00%, 05/15/33

     2,000       2,089,108  

Series S, 5.00%, 05/15/34

     6,500       6,763,426  

Series S, 5.00%, 05/15/35

     4,945       5,135,101  

Michigan State Hospital Finance Authority, Refunding RB

    

5.00%, 11/15/47

     1,500       1,635,981  

Series A, 5.00%, 06/01/35

     2,250       2,253,980  

Michigan Strategic Fund, Refunding RB, 5.00%, 11/15/43

     1,220       1,315,311  

Royal Oak Hospital Finance Authority, Refunding RB, Series D, 5.00%, 03/01/24(a)

    27,365       28,585,589  
   

 

 

  
      131,241,375  
Security   Par
(000)		     Value  
Housing — 6.7%            

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

    

Series A, 4.45%, 10/01/34

   $ 1,000     $ 1,005,932  

Series A, 4.63%, 10/01/39

     3,490       3,507,845  

Series A, 4.30%, 10/01/40

     3,320       3,360,776  

Series A, 4.00%, 10/01/43

     7,420       7,330,804  

Series A, 4.75%, 10/01/44

     5,000       5,019,595  

Series A, 2.45%, 10/01/46

     5,000       3,788,770  

AMT, (GNMA), 4.75%, 04/20/37

     2,785       2,785,153  
   

 

 

  
      26,798,875  
State — 20.2%  

Flint Economic Development Corp., RB, 5.25%, 10/01/41

     4,950       4,959,628  

Michigan Finance Authority, RB

    

Series F, 5.00%, 04/01/31

     1,000       1,002,000  

Series F, 5.25%, 10/01/41

     8,595       8,611,760  

Michigan State Building Authority, Refunding RB

    

Series I, 5.00%, 04/15/41

     4,750       5,093,278  

Series I, 4.00%, 10/15/46

     11,250       11,763,101  

Michigan Strategic Fund, RB

    

Series A, 5.25%, 10/15/40

     3,000       3,197,079  

AMT, (AGM), 4.25%, 12/31/38

     14,000       14,293,006  

AMT, 5.00%, 12/31/43

     15,000       15,354,150  

State of Michigan Trunk Line Revenue, RB, 4.00%, 11/15/44

     15,910       16,396,957  
   

 

 

  
      80,670,959  
Tobacco — 1.6%  

Michigan Finance Authority, Refunding RB, Series A, Class 1, 4.00%, 06/01/40

     1,250       1,235,475  

Michigan Finance Authority, Refunding RB, CAB, Series B-2, Class 2, 0.00%, 06/01/65(b)

    50,000       5,081,900  
   

 

 

  
      6,317,375  
Transportation — 9.2%  

Gerald R Ford International Airport Authority, ARB

    

AMT, (GTD), 5.00%, 01/01/46

     5,435       5,939,471  

AMT, (GTD), 5.00%, 01/01/51

     3,000       3,265,767  

Wayne County Airport Authority, ARB

    

Series A, 5.00%, 12/01/42

     1,000       1,062,046  

Series A, 5.00%, 12/01/46

     2,000       2,173,996  

Series D, 5.00%, 12/01/35

     3,850       4,040,987  

Series D, 5.00%, 12/01/45

     7,500       7,823,625  

Series B, AMT, 5.00%, 12/01/42

     1,000       1,046,667  

Series B, AMT, 5.00%, 12/01/47

     1,250       1,304,314  

Series C, AMT, 5.00%, 12/01/39

     1,475       1,511,931  

Wayne County Airport Authority, Refunding ARB, Series F, AMT, 5.00%, 12/01/34

     8,000       8,309,696  
   

 

 

  
      36,478,500  
Utilities — 7.8%  

City of Detroit Michigan Water Supply System Revenue, RB, Series A, Senior Lien, (NATL), 5.00%, 07/01/34

     10       10,017  

Downriver Utility Wastewater Authority, Refunding RB, (AGM), 5.00%, 04/01/43

     1,000       1,076,792  

Great Lakes Water Authority Water Supply System Revenue, RB, Series B, 2nd Lien, 5.00%, 07/01/46

     10,000       10,595,240  

Karegnondi Water Authority, Refunding RB

    

5.00%, 11/01/41

     2,750       3,024,032  

5.00%, 11/01/45

     3,000       3,277,941  

Michigan Finance Authority, Refunding RB Series D-1, 5.00%, 07/01/34

     2,000       2,107,184  
 

 

 

SCHEDULE OF INVESTMENTS

  

2

Schedule of Investments  (unaudited) (continued)

April 30, 2022

   

BlackRock MuniYield Michigan Quality Fund, Inc. (MIY)

(Percentages shown are based on Net Assets)

 

Security   Par
(000)		     Value  
Utilities (continued)  

Series D-1, 5.00%, 07/01/35

   $ 750     $ 787,742  

Series C-3, Senior Lien, (AGM), 5.00%, 07/01/31

     1,000       1,047,600  

Series C-3, Senior Lien, (AGM), 5.00%, 07/01/32

     5,250       5,496,125  

Series C-3, Senior Lien, (AGM), 5.00%, 07/01/33

     3,000       3,130,713  

Michigan Strategic Fund, RB, AMT, 4.00%, 10/01/61(c)

    445       459,005  
   

 

 

  
      31,012,391  
   

 

 

  

Total Municipal Bonds in Michigan

       573,188,059  

Puerto Rico — 4.8%

 

State — 4.8%  

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

    

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

     534       540,632  

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

     825       844,454  

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

     1,109       1,099,693  

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

     103       104,748  

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

     616       623,541  

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

     7,451       7,626,009  

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

     5,880       5,851,817  

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

     597       604,165  

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

    6,202       1,742,495  
   

 

 

  

Total Municipal Bonds in Puerto Rico

 

     19,037,554  
   

 

 

  

Total Municipal Bonds — 148.5%
(Cost: $600,985,558)

 

     592,225,613  
   

 

 

  

Municipal Bonds Transferred to Tender Option Bond Trusts(d)

 

Michigan — 20.8%  
Education — 14.1%  

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

     10,000       10,130,216  

Michigan Finance Authority, RB, Series A, 5.00%, 11/01/44

     10,002       10,639,730  

Michigan Finance Authority, Refunding RB, AMT, Series 25-A, 4.00%, 11/01/28

     8,750       8,787,142  

Michigan State University, Refunding RB, Series B, 5.00%, 02/15/44(e)

    5,750       6,357,444  

University of Michigan, Refunding RB, 5.00%, 04/01/26

     10,000       10,897,046  

Wayne State University, RB, Series A, 5.00%, 11/15/43(e)

    8,530       9,299,127  
   

 

 

  
      56,110,705  
State — 3.9%  

Michigan State Building Authority, Refunding RB, Series I, 5.00%, 10/15/45

     5,150       5,401,292  

State of Michigan Trunk Line Revenue, RB, 4.00%, 11/15/44

     10,000       10,306,075  
   

 

 

  
      15,707,367  
Security   Par
(000)		     Value  
Utilities — 2.8%  

Lansing Board of Water & Light, Refunding RB, Series A, 5.00%, 07/01/44

   $ 10,000     $ 11,046,129  
   

 

 

  

Total Municipal Bonds in Michigan

       82,864,201  
   

 

 

  

Total Municipal Bonds Transferred to Tender Option Bond Trusts — 20.8%
(Cost: $83,968,246)

 

     82,864,201  
   

 

 

  

Total Long-Term Investments — 169.3% (Cost: $684,953,804)

       675,089,814  
   

 

 

  
     Shares         
Short-Term Securities  

Money Market Funds — 2.4%

 

BlackRock Liquidity Funds, MuniCash, Institutional Class, 0.25%(f)(g)

    9,768,218       9,768,218  

Total Short-Term Securities — 2.4%
(Cost: $9,768,049)

 

     9,768,218  
   

 

 

  

Total Investments — 171.7%
(Cost: $694,721,853)

 

     684,858,032  
   

 

 

  

Liabilities in Excess of Other Assets — (2.0)%

 

     (8,233,810 ) 

Liability for TOB Trust Certificates, Including Interest Expense and Fees Payable — (11.6)%

 

     (46,305,380 ) 

VRDP Shares at Liquidation Value, Net of Deferred Offering Costs —(58.1)%

 

     (231,539,145 ) 
   

 

 

  

Net Assets Applicable to Common Shares — 100.0%

 

   $ 398,779,697  
 

 

 

  

 

(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) 

Zero-coupon bond.

(c) 

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.

(d) 

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.

(e) 

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 November 15, 2026 to February 15, 2027, is $9,881,914.

(f) 

Affiliate of the Fund.

(g) 

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.

 

 

3

  

Schedule of Investments  (unaudited) (continued)

April 30, 2022

   

BlackRock MuniYield Michigan Quality Fund, Inc. (MIY)

 

Affiliates

Investments in issuers considered to be affiliate(s) of the Fund during the period ended April 30, 2022 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

 

Affiliated Issuer    Value at
07/31/21		     

Purchases

at Cost

      Proceeds
from Sales		      Net
Realized
Gain (Loss)		      Change in
Unrealized
Appreciation
(Depreciation)		      Value at
04/30/22		     

Shares

Held at
04/30/22

      Income      Capital Gain
Distributions
from
Underlying
Funds		  

BlackRock Liquidity Funds, MuniCash, Institutional Class

    $ 2,854,776      $ 6,914,412 (a)     $ —      $ (170 )     $ (800 )     $ 9,768,218        9,768,218      $ 1,057      $ —  
           

 

 

     

 

 

     

 

 

        

 

 

     

 

 

  

 

  (a)

Represents net amount purchased (sold).

 

Fair Value Hierarchy as of Period End

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

 

  •  

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

 

  •  

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

 

  •  

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

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

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

    $ —        $ 592,225,613        $ —        $ 592,225,613  

Municipal Bonds Transferred to Tender Option Bond Trusts

      —          82,864,201          —          82,864,201  

Short-Term Securities

                  

Money Market Funds

      9,768,218          —          —          9,768,218  
  

 

 

       

 

 

       

 

 

       

 

 

  
   $ 9,768,218        $ 675,089,814        $ —        $ 684,858,032  
  

 

 

       

 

 

       

 

 

       

 

 

  

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

    $ —        $ (46,267,055 )       $ —        $ (46,267,055 ) 

VRDP Shares at Liquidation Value

      —          (231,900,000 )         —          (231,900,000 ) 
  

 

 

       

 

 

       

 

 

       

 

 

  
   $ —        $ (278,167,055 )       $ —        $ (278,167,055 ) 
  

 

 

       

 

 

       

 

 

       

 

 

  

 

 

SCHEDULE OF INVESTMENTS  

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Schedule of Investments  (unaudited) (continued)

April 30, 2022

   

BlackRock MuniYield Michigan Quality Fund, Inc. (MIY)

 

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
GNMA    Government National Mortgage Association
GO    General Obligation Bonds
GTD    GTD Guaranteed
M/F    Multi-Family
NPFGC    National Public Finance Guarantee Corp.
Q-SBLF    Qualified School Bond Loan Fund
RB    Revenue Bond

 

 

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