NPORT-EX 2 NPORT_LCQ1_1321896066.htm BlackRock MuniYield Quality Fund II

Schedule of Investments  (unaudited)

July 31, 2021

   

BlackRock MuniYield Quality Fund II, Inc. (MQT)

(Percentages shown are based on Net Assets)

 

Security   Par
(000)		     Value  

Municipal Bonds

 

Alabama — 1.2%

 

City of Birmingham Alabama, GO, CAB,
Series A-1, 5.00%, 03/01/45

   $ 915     $ 1,061,171  

Homewood Educational Building Authority, Refunding RB

    

Series A, 5.00%, 12/01/34

     240       294,588  

Series A, 5.00%, 12/01/47

     655       785,797  

Southeast Energy Authority A Cooperative District, RB,

    

Series B, 4.00%, 12/01/51(a)

    1,380       1,734,357  
   

 

 

  
      3,875,913  
Alaska — 0.2%            

Alaska Industrial Development & Export Authority, RB,

    

Series A, 5.50%, 10/01/41

     850       857,115  
   

 

 

  
Arizona — 2.2%            

Arizona Industrial Development Authority,
RB(b)
5.00%, 07/01/54

     545       608,514  

Series A, 5.00%, 07/01/39

     480       513,312  

Series A, 5.00%, 07/01/49

     545       575,951  

Series A, 5.00%, 07/01/54

     420       442,340  

City of Phoenix Civic Improvement Corp., Refunding RB, AMT, Senior Lien, 5.00%, 07/01/32

     1,000       1,085,860  

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

     305       346,199  

Industrial Development Authority of the County of Pima, RB(b)

    

5.00%, 07/01/39

     500       541,080  

5.00%, 06/15/47

     830       848,044  

Industrial Development Authority of the County of Pima, Refunding RB(b)

    

5.00%, 06/15/49

     485       515,288  

5.00%, 06/15/52

     470       497,885  

Maricopa County Industrial Development Authority, Refunding RB

    

5.00%, 07/01/39(b)

    200       241,370  

5.00%, 07/01/54(b)

    470       547,701  

Series A, 5.00%, 09/01/36

     575       726,087  
   

 

 

  
      7,489,631  
Arkansas — 0.5%            

Arkansas Development Finance Authority, RB, Series A, AMT, 4.50%, 09/01/49(b)

        1,375             1,546,146  
   

 

 

  
California — 8.8%            

California Community Housing Agency, RB, M/F Housing(b)

   

Series A, 5.00%, 04/01/49

     205       234,944  

Series A-2, 4.00%, 08/01/47

     1,325       1,466,802  

California Health Facilities Financing Authority, Refunding RB

    

Series A, 5.00%, 07/01/37

     945       1,028,207  

Sub-Series A-2, 5.00%, 11/01/47

     1,140       1,781,433  

California Housing Finance, RB, M/F Housing, Series 2021-1, Class A, 3.50%, 11/20/35

     816       972,196  

California Statewide Communities Development Authority, RB, Series A, 5.00%, 04/01/42

     1,290       1,330,158  

California Statewide Communities Development Authority, Refunding RB, Series A, 4.00%, 12/01/53

     865       910,871  

Golden State Tobacco Securitization Corp., Refunding RB

    

Series A-1, 3.50%, 06/01/36

     870       885,982  
Security   Par
(000)		     Value  
California (continued)            

Golden State Tobacco Securitization Corp., Refunding RB (continued)

    

Series A-1, 5.00%, 06/01/47

   $ 785     $ 811,384  

Mount San Antonio Community College District, Refunding GO, CAB, Series A, Convertible, 6.25%, 08/01/43(c)

    5,000       5,831,650  

Norman Y Mineta San Jose International Airport SJC, Refunding RB

    

Series A, AMT, 5.00%, 03/01/36

     365       446,366  

Series A, AMT, 5.00%, 03/01/37

     400       488,620  

San Diego Community College District, GO, CAB(d)

    

0.00%, 08/01/31

     1,855       1,166,535  

0.00%, 08/01/32

     2,320       1,370,122  

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

   

Series C, 0.00%, 07/01/38

     1,400       1,028,818  

Series G, 0.00%, 01/01/24(e)

    2,730       1,412,352  

San Diego Unified School District, Refunding GO, CAB,

    

Series R-1, 0.00%, 07/01/31(d)

    1,110       969,041  

San Francisco City & County Airport Comm-San Francisco International Airport, Refunding ARB, Series A, AMT, 5.00%, 05/01/49

     705       876,555  

San Marcos Unified School District, GO(e)

   

Series A, 5.00%, 08/01/34

     600       600,000  

Series A, 5.00%, 08/01/38

     490       490,000  

State of California, GO, 5.00%, 04/01/42

     1,500       1,546,785  

Yosemite Community College District, GO(d)

   

Series D, 0.00%, 08/01/36

     2,000       1,537,720  

Series D, 0.00%, 08/01/37

     2,790       2,089,347  
   

 

 

  
          29,275,888  
Colorado — 1.8%            

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

     1,165       1,308,365  

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

     945       1,068,407  

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

     940       1,089,789  

Regional Transportation District, COP, Series A, 5.00%, 06/01/39

         2,500       2,703,725  
   

 

 

  
      6,170,286  
Connecticut — 1.0%            

Connecticut Housing Finance Authority, Refunding RB, M/F Housing, Series E-1, (HUD SECT 8), 3.25%, 11/15/54

     620       653,598  

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

     95       102,761  

Connecticut State Health & Educational Facilities Authority, Refunding RB, Series A, 4.00%, 07/01/41

     1,650       1,904,562  

State of Connecticut, GO, Series C, 5.00%, 06/15/32

     545       696,041  
   

 

 

  
      3,356,962  
District of Columbia — 0.3%            

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

     875       1,006,950  
   

 

 

  
Florida — 10.5%            

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

     1,420       1,575,817  

Capital Trust Agency, Inc., RB(b)

   

Series A, 5.00%, 06/01/55

     480       506,822  

Series SE, 3.00%, 07/01/31

     100       105,395  
 

 

 

SCHEDULE OF INVESTMENTS   1

Schedule of Investments  (unaudited) (continued)

July 31, 2021

   

BlackRock MuniYield Quality Fund II, Inc. (MQT)

(Percentages shown are based on Net Assets)

 

Security   Par
(000)		     Value  
Florida (continued)  

Capital Trust Agency, Inc., RB(b) (continued)

    

Series SE, 4.00%, 07/01/41

   $ 165     $ 183,579  

Series SE, 4.00%, 07/01/51

     190       206,631  

Series SE, 4.00%, 07/01/56

     160       172,656  

City of Tampa Florida, RB, CAB(d)

   

Series A, 0.00%, 09/01/49

     525       192,701  

Series A, 0.00%, 09/01/53

     560       171,601  

County of Lee Florida Airport Revenue, Refunding RB

    

Series A, AMT, 5.63%, 10/01/26

     825       826,493  

Series A, AMT, 5.38%, 10/01/32

     1,100       1,101,903  

County of Miami-Dade Florida Aviation Revenue, Refunding ARB, Series A, AMT, 5.00%, 10/01/38

     425       497,824  

County of Miami-Dade Florida Aviation Revenue, Refunding RB

    

AMT, 5.00%, 10/01/34

     160       181,536  

Series A, AMT, 5.00%, 10/01/22(e)

    1,730       1,823,904  

County of Miami-Dade Seaport Department, ARB

    

Series A, 6.00%, 10/01/38

     1,780       1,991,927  

Series B, AMT, 6.00%, 10/01/30

     570       637,767  

Series B, AMT, 6.25%, 10/01/38

     360       402,952  

Series B, AMT, 6.00%, 10/01/42

     580       647,709  

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

   

Series A-2, 0.00%, 10/01/41

     505       278,679  

Series A-2, 0.00%, 10/01/42

     675       357,770  

Series A-2, 0.00%, 10/01/43

     615       312,912  

Series A-2, 0.00%, 10/01/44

     625       306,038  

Series A-2, 0.00%, 10/01/45

     525       247,538  

Florida Development Finance Corp., RB(b)

   

AMT, 5.00%, 05/01/29

     480       516,197  

Series A, AMT, 5.00%, 08/01/29(a)

    185       191,318  

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

    270       300,318  

Florida Ports Financing Commission, Refunding RB, Series B, AMT, 5.38%, 10/01/22(e)

        2,400             2,419,512  

Greater Orlando Aviation Authority, ARB

    

Sub-Series A, AMT, 5.00%, 10/01/37

     660       811,331  

Sub-Series A, AMT, 5.00%, 10/01/47

     2,170       2,637,027  

Sub-Series A, AMT, 5.00%, 10/01/52

     1,330       1,605,736  

Lakewood Ranch Stewardship District, SAB, S/F Housing

    

4.00%, 05/01/40

     235       255,179  

4.00%, 05/01/50

     395       421,967  

Miami-Dade County Educational Facilities Authority, Refunding RB, Series A, 5.00%, 04/01/40

     2,635       3,024,137  

Orange County Health Facilities Authority, Refunding RB

    

5.00%, 08/01/41

     495       546,356  

5.00%, 08/01/47

     1,435       1,580,767  

Orange County Housing Finance Authority, RB, S/F Housing, Series A, (FHLMC, FNMA, GNMA), 3.75%, 09/01/47

     200       214,248  

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

     140       163,750  

Palm Beach County Solid Waste Authority, Refunding RB

    

Series B, 5.00%, 10/01/21(e)

    30       30,235  

Series B, 5.00%, 10/01/31

     1,870       1,884,773  
Security   Par
(000)		     Value  
Florida (continued)  

Putnam County Development Authority, Refunding RB, Series A, 5.00%, 03/15/42

   $ 1,560     $ 1,886,555  

Reedy Creek Improvement District, GO, Series A, 5.25%, 06/01/23(e)

    1,040       1,137,126  

State of Florida, GO, Series B, 4.00%, 07/01/39

     1,840       2,203,823  

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

     500       526,060  
   

 

 

  
      35,086,569  
Georgia — 1.5%  

Gainesville & Hall County Hospital Authority, Refunding RB, Series A, (GTD), 5.50%, 08/15/54

     440       511,245  

George L Smith II Congress Center Authority, RB, 4.00%, 01/01/54

     280       326,721  

LaGrange-Troup County Hospital Authority, Refunding RB, 4.00%, 04/01/47

     1,110       1,254,067  

Main Street Natural Gas, Inc., RB, Series A, 5.00%, 05/15/43

     615       755,355  

Municipal Electric Authority of Georgia, RB

    

4.00%, 01/01/49

     470       536,270  

5.00%, 01/01/56

     645       786,474  

Private Colleges & Universities Authority, RB

    

5.00%, 04/01/33

     120       134,044  

5.00%, 04/01/44

     550       610,274  
   

 

 

  
      4,914,450  
Hawaii — 0.4%  

State of Hawaii Airports System Revenue, ARB, Series A, AMT, 5.00%, 07/01/45

         1,150             1,327,479  
   

 

 

  
Illinois — 10.2%  

Chicago Board of Education, GO

    

Series A, 5.00%, 12/01/36

     985       1,277,210  

Series A, 5.00%, 12/01/38

     400       516,264  

Series A, 5.00%, 12/01/39

     360       462,413  

Series A, 5.00%, 12/01/40

     730       937,050  

Series A, 5.00%, 12/01/41

     470       601,760  

Chicago Board of Education, Refunding GO

    

Series A, 5.00%, 12/01/28

     205       261,141  

Series A, 5.00%, 12/01/30

     840       1,090,832  

Chicago Board of Education, Refunding GO, CAB, Series A, 0.00%, 12/01/25(d)

    225       214,189  

Chicago Midway International Airport, Refunding ARB, Series A, AMT, 2nd Lien, 5.00%, 01/01/34

     505       557,055  

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

     2,585       3,152,795  

Chicago O’Hare International Airport, Refunding ARB, Series C, AMT, Senior Lien, 5.38%, 01/01/39

     3,235       3,452,651  

Chicago Transit Authority Sales Tax Receipts Fund, RB, 5.25%, 12/01/21(e)

    515       523,492  

Illinois Finance Authority, Refunding RB

    

Series A, 5.75%, 08/15/34

     400       400,752  

Series C, 4.13%, 08/15/37

     665       752,035  

Series C, 5.00%, 08/15/44

     305       354,251  

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

     645       735,693  

Illinois State Toll Highway Authority, RB, Series B, 5.00%, 01/01/37

     2,465       2,930,639  

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

     670       804,094  
 

 

 

2  

Schedule of Investments  (unaudited) (continued)

July 31, 2021

   

BlackRock MuniYield Quality Fund II, Inc. (MQT)

(Percentages shown are based on Net Assets)

 

Security   Par
(000)		     Value  
Illinois (continued)  

Metropolitan Pier & Exposition Authority, RB, CAB, Series A, (NPFGC), 0.00%, 12/15/36(d)

  $ 10,000     $ 7,111,800  

Metropolitan Pier & Exposition Authority, Refunding RB, 4.00%, 06/15/50

     515       596,319  

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

    2,980       1,751,823  

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

     2,000       2,735,060  

State of Illinois, GO

    

5.25%, 02/01/32

     870       966,866  

5.50%, 07/01/33

     710       769,619  

5.25%, 02/01/34

     600       666,012  

5.50%, 07/01/38

     390       421,200  
   

 

 

  
      34,043,015  
Indiana — 0.7%  

Indiana Finance Authority, RB

    

Series A, 1st Lien, 5.25%, 10/01/38

     1,000       1,008,330  

Series A, AMT, 5.00%, 07/01/40

     770       828,389  

Series A, AMT, 5.00%, 07/01/44

     445       477,049  
   

 

 

  
      2,313,768  
Louisiana — 1.8%  

Louisiana Public Facilities Authority, Refunding RB, 5.00%, 05/15/46

         2,400             2,897,184  

New Orleans Aviation Board, ARB, Series B, AMT, 5.00%, 01/01/40

     2,620       2,984,756  
   

 

 

  
      5,881,940  
Maine — 0.0%  

Maine State Housing Authority, RB, S/F Housing, Series B, 3.35%, 11/15/44

     175       187,486  
   

 

 

  
Maryland — 0.3%  

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

    655       686,637  

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

     145       179,356  
   

 

 

  
      865,993  
Massachusetts — 1.9%  

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

     1,855       2,199,640  

Massachusetts Development Finance Agency, Refunding RB, 4.00%, 07/01/41

     815       952,670  

Massachusetts Educational Financing Authority, RB, Series C, AMT, Subordinate, 3.00%, 07/01/51

     515       523,678  

Massachusetts Housing Finance Agency, RB, M/F Housing, Series A, 3.85%, 06/01/46

     55       59,865  

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

     660       698,927  

Massachusetts School Building Authority, RB

    

Series A, 5.00%, 05/15/23(e)

    1,110       1,207,380  

Sub-Series B, 4.00%, 02/15/43

     670       728,230  
   

 

 

  
      6,370,390  
Michigan — 5.2%  

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

     545       632,887  

Michigan Finance Authority, Refunding RB

    

5.00%, 12/01/21(e)

    15       15,243  

4.00%, 11/15/46

     1,050       1,183,182  

Series A, 4.00%, 12/01/40

     2,630       3,085,384  
Security   Par
(000)		     Value  
Michigan (continued)  

Michigan State Building Authority, Refunding RB(e)

   

Series I-A, 5.38%, 10/15/21

   $ 600     $ 606,366  

Series II-A, (AGM), 5.25%, 10/15/21

     1,900       1,919,684  

Series II-A, 5.38%, 10/15/21

     1,000       1,010,610  

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

    

Series A, 2.45%, 10/01/46

     625       620,862  

Series A, 4.15%, 10/01/53

     1,680       1,826,815  

Series A, 2.70%, 10/01/56

     2,240       2,252,298  

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

     450       470,925  

Michigan State University, Refunding RB, Series B, 5.00%, 02/15/48

     570       720,138  

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

     1,465       1,782,480  

Royal Oak Hospital Finance Authority, Refunding RB, Series D, 5.00%, 09/01/39

     720       802,030  

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

    340       377,947  
   

 

 

  
      17,306,851  
Missouri — 0.4%  

Kansas City Industrial Development Authority, ARB, AMT, (AGM), 4.00%, 03/01/57

     1,140       1,318,855  
   

 

 

  
Nebraska — 0.8%  

Central Plains Energy Project, RB, 5.25%, 09/01/37

         2,650             2,789,416  
   

 

 

  
New Jersey — 8.6%  

New Jersey Economic Development Authority, RB

    

Series WW, 5.25%, 06/15/25(e)

    15       17,876  

Series WW, 5.25%, 06/15/33

     135       158,251  

Series WW, 5.00%, 06/15/34

     180       209,110  

Series WW, 5.00%, 06/15/36

     800       927,776  

Series WW, 5.25%, 06/15/40

     305       354,535  

AMT, 5.13%, 01/01/34

     610       669,731  

AMT, 5.38%, 01/01/43

     790       868,202  

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

     295       333,530  

New Jersey Educational Facilities Authority, Refunding RB, Series A, 5.00%, 07/01/42

     800       976,400  

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

     800       864,136  

New Jersey Higher Education Student Assistance Authority, Refunding RB

    

1st Series, AMT, 5.50%, 12/01/25

     165       167,199  

1st Series, AMT, 5.50%, 12/01/26

     115       116,532  

1st Series, AMT, 5.75%, 12/01/28

     65       65,918  

Series B, AMT, 3.25%, 12/01/39

     2,150       2,308,476  

Sub-Series C, AMT, 3.63%, 12/01/49

     645       665,582  

New Jersey Housing & Mortgage Finance Agency, Refunding RB, 2nd Series, AMT, 4.35%, 11/01/33

     840       872,752  

New Jersey Transportation Trust Fund Authority, RB

    

Series A, (NPFGC), 5.75%, 06/15/25

     1,400       1,682,436  

Series A, 0.00%, 12/15/29(d)

    225       194,875  

Series AA, 5.25%, 06/15/33

     1,315       1,433,205  

Series AA, 5.00%, 06/15/38

     1,180       1,323,169  

Series AA, 5.50%, 06/15/39

     4,650       5,073,429  

Series AA, 5.00%, 06/15/45

     790       1,003,403  

Series AA, 3.00%, 06/15/50

     235       251,384  

Series D, 5.00%, 06/15/32

     525       601,608  

New Jersey Transportation Trust Fund Authority, Refunding RB, 4.00%, 12/15/39

     925       1,082,056  
 

 

 

SCHEDULE OF INVESTMENTS   3

Schedule of Investments  (unaudited) (continued)

July 31, 2021

   

BlackRock MuniYield Quality Fund II, Inc. (MQT)

(Percentages shown are based on Net Assets)

 

Security   Par
(000)		     Value  
New Jersey (continued)  

South Jersey Transportation Authority, RB, Series A, 4.00%, 11/01/50

   $ 510     $ 593,538  

Tobacco Settlement Financing Corp., Refunding RB

    

Series A, 5.00%, 06/01/34

     820       1,028,780  

Series A, 5.00%, 06/01/36

     1,220       1,528,294  

Series A, 4.00%, 06/01/37

     745       872,864  

Sub-Series B, 5.00%, 06/01/46

     2,005       2,401,409  
   

 

 

  
      28,646,456  
New Mexico — 0.2%  

City of Santa Fe New Mexico, RB, Series A, 5.00%, 05/15/39

     170       192,426  

New Mexico Hospital Equipment Loan Council, Refunding RB, Series VIC, 5.00%, 08/01/44

     325       377,296  
   

 

 

  
      569,722  
New York — 7.4%  

Hudson Yards Infrastructure Corp., RB, 5.75%, 02/15/47

     200       200,900  

Metropolitan Transportation Authority, Refunding RB, Series C-1, 5.00%, 11/15/56

     1,330       1,578,763  

New York City Housing Development Corp., RB, M/F Housing, Series I-1, (FHA 542 (C)), 2.55%, 11/01/45

     1,000       1,017,940  

New York City Transitional Finance Authority Building Aid Revenue, RB, Series S-3, Subordinate, (SAW), 4.00%, 07/15/46

     1,000       1,172,500  

New York City Transitional Finance Authority Future Tax Secured Revenue, Refunding RB, Series B, 5.00%, 11/01/32

     2,200       2,333,144  

New York City Water & Sewer System, RB, Series DD-1, 4.00%, 06/15/48

     5,000       5,825,400  

New York City Water & Sewer System, Refunding RB, Series BB, 5.25%, 12/15/21(e)

    1,250       1,273,613  

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

    975       1,077,336  

New York Power Authority, Refunding RB, Series A, 4.00%, 11/15/60

     395       471,132  

New York Transportation Development Corp., ARB, Series A, AMT, 5.25%, 01/01/50

         4,950             5,601,123  

New York Transportation Development Corp., RB

    

AMT, 5.00%, 10/01/35

     350       453,142  

AMT, 5.00%, 10/01/40

     1,000       1,278,560  

Port Authority of New York & New Jersey, Refunding ARB

    

Consolidated, 186th Series, AMT, 5.00%, 10/15/36

     555       631,135  

Consolidated, 186th Series, AMT, 5.00%, 10/15/44

     1,110       1,256,642  

Series 207, AMT, 4.00%, 09/15/43

     410       472,283  
   

 

 

  
      24,643,613  
Ohio — 2.5%  

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

     4,245       4,980,998  

County of Butler Ohio, Refunding RB, 4.00%, 11/15/37

     890       1,028,795  

County of Lucas Ohio, Refunding RB, Series A, 6.50%, 11/15/21(e)

    460       468,372  

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

     165       180,101  
Security   Par
(000)		     Value  
Ohio (continued)  

Ohio Turnpike & Infrastructure Commission, RB

    

Series A-1, Junior Lien, 5.25%, 02/15/32

   $ 610     $ 657,678  

Series A-1, Junior Lien, 5.25%, 02/15/33

     850       916,164  
   

 

 

  
      8,232,108  
Oklahoma — 0.2%  

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

     495       569,809  
   

 

 

  
Oregon — 0.4%  

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

     390       483,565  

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

    875       501,690  

State of Oregon Housing & Community Services Department, RB, S/F Housing, Series C, 3.95%, 07/01/43

     270       282,155  
   

 

 

  
      1,267,410  
Pennsylvania — 10.8%  

Bucks County Industrial Development Authority, RB

    

4.00%, 07/01/46

     100       113,834  

4.00%, 07/01/51

     100       112,766  

City of Philadelphia Pennsylvania Airport Revenue, Refunding ARB

    

Series B, AMT, 5.00%, 07/01/35

     670       819,859  

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

     765       919,247  

Commonwealth Financing Authority, RB

    

(AGM), 4.00%, 06/01/39

     935       1,079,607  

Series B, 5.00%, 06/01/22(e)

    2,110             2,195,307  

Montgomery County Higher Education and Health Authority, Refunding RB, Series A, 4.00%, 09/01/49

     840       941,447  

Pennsylvania Economic Development Financing Authority, RB

    

Series A-1, 4.00%, 04/15/50

     875       1,026,462  

Series B, 4.00%, 03/15/40

         3,000       3,357,480  

AMT, 5.00%, 12/31/34

     2,220       2,632,787  

AMT, 5.00%, 12/31/38

     1,155       1,370,835  

AMT, 5.00%, 06/30/42

     3,300       3,839,847  

Pennsylvania Economic Development Financing Authority, Refunding RB, Series A, 4.00%, 11/15/42

     835       962,530  

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

     180       180,032  

Pennsylvania Higher Educational Facilities Authority, Refunding RB, Series A, 5.25%, 09/01/50

     3,175       3,652,298  

Pennsylvania Housing Finance Agency, RB, S/F Housing, Series 128B, AMT, 3.85%, 04/01/38

     1,760       1,960,358  

Pennsylvania Turnpike Commission, RB

    

Series A, 5.00%, 12/01/38

     550       630,916  

Series A-1, 5.00%, 12/01/41

     730       874,445  

Series B, 5.00%, 12/01/40

     285       337,545  

Series C, 5.50%, 12/01/23(e)

    490       551,025  

Series C, 5.00%, 12/01/39

     2,900       3,324,560  

Sub-Series A-1, Subordinate, 5.00%, 12/01/41

     1,755       2,073,094  

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

     1,835       2,133,628  
 

 

 

4  

Schedule of Investments  (unaudited) (continued)

July 31, 2021

   

BlackRock MuniYield Quality Fund II, Inc. (MQT)

(Percentages shown are based on Net Assets)

 

Security   Par
(000)		     Value  
Pennsylvania (continued)  

Pennsylvania Turnpike Commission, Refunding RB (continued)

    

Series A-1, 5.00%, 12/01/40

   $ 680     $ 792,030  

School District of Philadelphia, Refunding GO, Series F, (SAW), 5.00%, 09/01/38

     270       326,522  
   

 

 

  
      36,208,461  
Puerto Rico — 4.6%  

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

    

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

         5,407             6,219,943  

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

     3,922       4,569,640  

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

     1,324       1,503,865  

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

     276       317,345  

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

     424       487,748  

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

     411       472,819  

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

    5,089       1,700,133  
   

 

 

  
      15,271,493  
Rhode Island — 1.3%  

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

     415       492,692  

Tobacco Settlement Financing Corp., Refunding RB

    

Series B, 4.50%, 06/01/45

     945       1,052,153  

Series B, 5.00%, 06/01/50

     2,340       2,679,113  
   

 

 

  
      4,223,958  
South Carolina — 6.3%  

Charleston County Airport District, ARB, Series A, AMT, 5.50%, 07/01/41

     1,360       1,484,902  

County of Berkeley South Carolina, SAB

    

4.25%, 11/01/40

     315       357,097  

4.38%, 11/01/49

     465       524,501  

South Carolina Jobs-Economic Development Authority, RB

    

5.00%, 11/01/48

     2,010       2,506,912  

5.00%, 01/01/55(b)

    855       911,772  

South Carolina Jobs-Economic Development Authority, Refunding RB

    

Series A, 5.00%, 05/01/38

     2,220       2,748,271  

Series A, (AGM), 6.50%, 08/01/39(e)

    100       100,000  

South Carolina Ports Authority, ARB

    

AMT, 5.25%, 07/01/25(e)

    2,040       2,422,704  

AMT, 5.00%, 07/01/48

     470       567,986  

South Carolina Public Service Authority, RB

    

Series A, 5.50%, 12/01/54

     3,935       4,437,342  

Series E, 5.50%, 12/01/53

     2,820       3,119,569  

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

     1,840       2,024,460  
   

 

 

  
      21,205,516  
South Dakota — 0.4%  

South Dakota Health & Educational Facilities Authority, Refunding RB, 4.00%, 07/01/37

     1,085       1,260,803  
   

 

 

  
Security   Par
(000)		     Value  
Tennessee — 1.1%  

Greeneville Health & Educational Facilities Board, Refunding RB, Series A, 4.00%, 07/01/40

   $ 750     $ 870,345  

Metropolitan Government Nashville & Davidson County Health & Educational Facilities Board, RB, Series A, 5.00%, 07/01/46

     1,110       1,307,902  

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

    1,060       1,427,746  
   

 

 

  
      3,605,993  
Texas — 14.7%  

Brazos Higher Education Authority, Inc., RB, Series 1B, AMT, Subordinate, 3.00%, 04/01/40

     115       111,182  

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

     1,240       1,401,150  

Central Texas Turnpike System, Refunding RB, Series A, 5.00%, 08/15/22(e)

    605       636,043  

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

     405       406,608  

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

     230       274,050  

City of Houston Texas Airport System Revenue, Refunding RB

    

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

     225       267,840  

Sub-Series A, AMT, 4.00%, 07/01/39

     450       543,452  

Sub-Series A, AMT, 4.00%, 07/01/40

     360       433,454  

Sub-Series A, AMT, 4.00%, 07/01/41

     360       433,015  

Sub-Series A, AMT, 4.00%, 07/01/47

     350       408,772  

City of San Antonio Texas Electric & Gas Systems Revenue, RB, Junior Lien, 5.00%, 02/01/23(e)

    500       536,755  

Dallas Fort Worth International Airport, ARB(e)

   

Series D, AMT, 5.00%, 11/01/21

     2,940       2,974,192  

Series H, AMT, 5.00%, 11/01/21

     2,715       2,746,575  

Dallas Fort Worth International Airport, Refunding RB, Series F, 5.25%, 11/01/33

     865       960,548  

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

        3,020             1,529,479  

Midland County Fresh Water Supply District No.1, RB, CAB, Series A, 0.00%, 09/15/36(d)

    1,850       1,087,892  

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

    450       491,436  

North Texas Tollway Authority, RB, CAB, Series C, 6.75%, 09/01/31(c)(e)

    10,000       15,189,900  

North Texas Tollway Authority, Refunding RB

    

4.25%, 01/01/49

     1,090       1,285,055  

Series A, 5.00%, 01/01/43

     790       974,236  

Series B, 5.00%, 01/01/40

     530       564,683  

San Antonio Public Facilities Corp., Refunding RB(d)

    

0.00%, 09/15/35

     1,150       606,510  

0.00%, 09/15/36

     3,875       1,926,960  

0.00%, 09/15/37

     17,775       8,322,966  

Tarrant County Cultural Education Facilities Finance Corp., RB, Series B, 5.00%, 07/01/35

     1,680       2,113,608  

Tarrant County Cultural Education Facilities Finance Corp., Refunding RB, 5.25%, 12/01/39

     750       831,683  

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

     260       284,099  
 

 

 

SCHEDULE OF INVESTMENTS   5

Schedule of Investments  (unaudited) (continued)

July 31, 2021

   

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

   $ 330     $ 369,650  

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

     125       171,993  

Texas Private Activity Bond Surface Transportation Corp., RB, AMT, Senior Lien, 5.00%, 12/31/45

     1,135       1,292,232  
   

 

 

  
      49,176,018  
Utah — 0.7%            

City of Salt Lake City Utah Airport Revenue, ARB

    

Series A, AMT, 5.00%, 07/01/42

     1,095       1,326,483  

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

     395       479,439  

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

    185       203,334  

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

    335       395,186  
   

 

 

  
      2,404,442  
Washington — 3.3%            

Port of Seattle Washington, ARB

    

Series A, AMT, 5.00%, 05/01/43

     1,730       2,062,471  

Series C, AMT, 5.00%, 04/01/40

     900       1,015,839  

Port of Seattle Washington, Refunding ARB, Series C, AMT, 5.00%, 08/01/46

         2,145       2,764,240  

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

     430       490,682  

Washington Health Care Facilities Authority, RB 4.00%, 10/01/45

     630       702,866  

Series B, 5.00%, 08/15/44

     3,000       3,139,080  

Washington State Housing Finance Commission, RB, M/F Housing, Series A-1, 3.50%, 12/20/35

     863       1,018,693  
   

 

 

  
          11,193,871  
West Virginia — 0.5%            

West Virginia Hospital Finance Authority, RB, Series A, 4.00%, 06/01/51

     870       976,097  

West Virginia Parkways Authority, RB, Senior Lien, 5.00%, 06/01/47

     645       847,278  
   

 

 

  
      1,823,375  
Wisconsin — 1.6%            

Public Finance Authority, RB(b)

   

Series A, 5.00%, 07/15/39

     100       114,526  

Series A, 5.00%, 07/01/40

     300       340,341  

Series A, 5.00%, 07/15/49

     355       397,912  

Series A, 5.00%, 07/15/54

     170       189,225  

Series A-1, 5.00%, 01/01/55

     535       616,304  

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

    295       321,668  
Security  

Par

(000)

      Value  

Wisconsin (continued)

     

Wisconsin Housing & Economic Development Authority, RB, M/F Housing

     

Series A, 4.15%, 11/01/48

   $ 1,920      $ 2,132,871  

Series A, 4.45%, 05/01/57

     1,030        1,136,100  
    

 

 

  
       5,248,947  
    

 

 

  

Total Municipal Bonds — 114.3%
(Cost: $333,192,985)

        381,537,098  
    

 

 

  

Municipal Bonds Transferred to Tender Option Bond Trusts(f)

 

California(g) — 1.7%

     

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

     3,392        3,878,185  

Los Angeles Unified School District, GO, Series B-1, 5.25%, 07/01/42

     1,391        1,747,518  
    

 

 

  
       5,625,703  
Colorado — 0.8%             

City & County of Denver Colorado Airport System Revenue, Refunding ARB, Series A, AMT, 5.25%, 12/01/48(g)

        2,084        2,614,614  
    

 

 

  
Connecticut — 0.4%             

Connecticut State Health & Educational Facilities Authority, Refunding RB, 5.00%, 12/01/45

     1,231        1,467,513  
    

 

 

  
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        1,047,944  

Metropolitan Washington Airports Authority, Refunding RB, Series A, AMT, 5.00%, 10/01/30

     2,190        2,310,056  
    

 

 

  
       3,358,000  
Florida — 6.1%             

City of Miami Beach Florida, RB, 5.00%, 09/01/45

     2,740        3,187,031  

City Of South Miami Health Facilities Authority, Inc., Refunding RB, 5.00%, 08/15/47

     2,340        2,893,129  

County of Broward Florida Port Facilities Revenue, ARB, Series B, AMT, 4.00%, 09/01/49

     2,050        2,354,323  

County of Miami-Dade Florida Transit System, Refunding RB, 5.00%, 07/01/22(e)

    1,540        1,608,207  

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

     4,200        5,588,730  

Greater Orlando Aviation Authority, ARB, Series A, AMT, 4.00%, 10/01/49(g)

    2,117        2,456,173  

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

     2,100        2,107,014  
    

 

 

  
           20,194,607  
Georgia — 0.6%             

Georgia Housing & Finance Authority, Refunding RB, Series A, 3.70%, 06/01/49

     1,788        1,973,249  
    

 

 

  
Illinois — 4.8%             

City of Chicago IIllinois Waterworks Revenue, Refunding RB, 2nd Lien, (AGM), 5.25%, 11/01/33

     490        491,666  
 

 

 

6  

Schedule of Investments  (unaudited) (continued)

July 31, 2021

   

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

     

Series A, 5.00%, 01/01/38

   $ 1,858      $ 1,980,877  

Series B, 5.00%, 01/01/40

     930        1,103,060  

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

     10,000        12,306,797  
    

 

 

  
       15,882,400  
Louisiana — 0.5%             

State of Louisiana Gasoline & Fuels Tax Revenue, Refunding RB, Series A, 1st Lien, 4.00%, 05/01/41

         1,350        1,517,846  
    

 

 

  
Maryland — 1.3%             

City of Baltimore Maryland, RB

     

Series A, 5.00%, 07/01/41

     2,478        3,011,895  

Series A, 5.00%, 07/01/46

     939        1,138,536  
    

 

 

  
       4,150,431  
Massachusetts — 0.4%             

Commonwealth of Massachusetts, GO, Series A, 5.00%, 03/01/46

     1,321        1,472,177  
    

 

 

  
Michigan — 3.2%             

Michigan Finance Authority, RB

     

Series A, 5.00%, 11/01/44

     1,750        2,055,588  

Series A, 4.00%, 02/15/50

     2,550        2,960,984  

Michigan Finance Authority, Refunding RB, 5.00%, 12/01/21(e)

     4,685        4,760,756  

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

     760        893,699  
    

 

 

  
           10,671,027  
Nevada — 2.1%             

County of Clark Nevada, GO, Series A, 5.00%, 06/01/38

     2,716        3,401,297  

Las Vegas Valley Water District, Refunding GO, Series A, 5.00%, 06/01/46

     3,080        3,688,269  
    

 

 

  
       7,089,566  
New Jersey — 1.6%             

Hudson County Improvement Authority, RB, 5.25%, 05/01/51

     720        862,034  

New Jersey Turnpike Authority, Refunding RB

     

Series B, 4.00%, 01/01/37

     2,054        2,416,785  

Series G, 4.00%, 01/01/43

     1,906        2,206,146  
    

 

 

  
       5,484,965  
New York — 7.5%             

Metropolitan Transportation Authority, RB, Sub-Series D-1, 5.25%, 11/15/44

     3,080        3,512,309  

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

     1,940        2,178,542  

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

    1,500        1,551,945  

New York City Transitional Finance Authority Future Tax Secured Revenue, RB, Sub-Series A-3, 5.00%, 08/01/40(g)

    2,714        3,397,290  
Security  

Par

(000)

      Value  

New York (continued)

     

New York City Water & Sewer System, Refunding RB
Series CC, 5.00%, 06/15/23(e)

  $ 2,312      $ 2,514,281  

Series CC, 5.00%, 06/15/47

     2,608        2,835,598  

Series DD, 5.00%, 06/15/35

     1,470        1,665,010  

Series FF, 5.00%, 06/15/39

     2,595        3,037,837  

Port Authority of New York & New Jersey, ARB, Series 221, AMT, 4.00%, 07/15/60

     1,573        1,830,025  

Port Authority of New York & New Jersey, Refunding ARB, Consolidated, 198th Series, 5.25%, 11/15/56

     2,001        2,450,128  
    

 

 

  
           24,972,965  
Ohio — 1.5%             

Northeast Ohio Regional Sewer District, Refunding RB
4.00%, 11/15/43

     2,581        3,079,896  

4.00%, 11/15/49(g)

    1,875        2,064,619  
    

 

 

  
       5,144,515  
Pennsylvania — 1.1%             

Pennsylvania Housing Finance Agency, RB, S/F Housing, Series 129, 3.40%, 10/01/49

     1,362        1,460,454  

Philadelphia Authority for Industrial Development, RB, Series A, 4.00%, 07/01/44

     1,094        1,178,051  

Westmoreland County Municipal Authority, Refunding RB, (BAM), 5.00%, 08/15/42

     800        930,048  
    

 

 

  
       3,568,553  
South Carolina — 0.6%             

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

    1,770        2,002,932  
    

 

 

  
Texas — 3.8%             

Dallas Fort Worth International Airport, ARB, Series H, AMT, 5.00%, 11/01/21(e)(g)

    1,996        2,018,858  

Harris County Toll Road Authority, Refunding RB, Series A, Senior Lien, 5.00%, 08/15/43

     1,094        1,355,734  

Houston Community College System, GO, 4.00%, 02/15/23(e)

    1,305        1,383,378  

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

     1,649        1,707,147  

Tarrant County Cultural Education Facilities Finance Corp., Refunding RB, Series A, 5.00%, 02/15/41

         3,080        3,712,355  

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

     

Series A, (GNMA), 3.63%, 09/01/44

     805        883,289  

Series A, (GNMA), 3.00%, 09/01/45

     408        430,829  

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

     442        484,268  

Series A, (GNMA), 3.00%, 03/01/50

     772        816,323  
    

 

 

  
       12,792,181  
Utah — 1.7%             

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

     5,135        5,608,241  
    

 

 

  
Virginia — 0.7%             

Hampton Roads Transportation Accountability Commission, RB, Series A, Senior Lien, 5.50%, 07/01/57

     1,962        2,461,108  
    

 

 

  
 

 

 

SCHEDULE OF INVESTMENTS   7

Schedule of Investments  (unaudited) (continued)

July 31, 2021

   

BlackRock MuniYield Quality Fund II, Inc. (MQT)

(Percentages shown are based on Net Assets)

 

Security  

Par

(000)

    Value  
Washington — 1.0%  

Washington Health Care Facilities Authority, Refunding RB, Series A, 5.00%, 10/01/38

   $ 2,565     $ 3,336,475  
   

 

 

  
Wisconsin — 0.6%            

Wisconsin Health & Educational Facilities Authority, Refunding RB, Series A, 5.00%, 04/01/42

     1,920       2,020,301  
   

 

 

  

Total Municipal Bonds Transferred to Tender Option Bond Trusts — 43.0%
(Cost: $130,258,739)

 

     143,409,369  
   

 

 

  

Total Long-Term Investments — 157.3%
(Cost: $463,451,724)

 

     524,946,467  
   

 

 

  
     Shares         

Short-Term Securities

 

Money Market Funds — 0.5%            

BlackRock Liquidity Funds, MuniCash, Institutional Class, 0.01%(h)(i)

    1,676,316       1,676,652  
   

 

 

  

Total Short-Term Securities — 0.5%
(Cost: $1,676,652)

 

     1,676,652  
   

 

 

  

Total Investments — 157.8%
(Cost: $465,128,376)

 

     526,623,119  
Other Assets Less Liabilities — 0.9%         2,941,328  

Liability for TOB Trust Certificates, Including Interest Expense and Fees Payable — (23.8)%

 

     (79,350,968 ) 

VMTP Shares at Liquidation Value — (34.9)%

 

     (116,500,000 ) 
   

 

 

  

Net Assets Applicable to Common Shares — 100.0%

 

   $ 333,713,479  
   

 

 

  

 

(a) 

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

(b) 

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

(c)

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

(d) 

Zero-coupon bond.

(e) 

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

(f) 

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.

(g) 

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 1, 2021 to October 1, 2027, is $13,000,403.

(h) 

Affiliate of the Fund.

(i) 

Annualized 7-day yield as of period end.

 

Affiliates

Investments in issuers considered to be affiliate(s) of the Fund during the period ended July 31, 2021 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

07/31/21

    

Shares

Held at

07/31/21

     Income    

Capital Gain

Distributions

from

Underlying

Funds

  

BlackRock Liquidity Funds, MuniCash, Institutional Class

   $ 1,059,716     $ 616,936 (a)    $ —     $ —     $ —     $ 1,676,652       1,676,316     $ 32     $ —  
       

 

 

    

 

 

    

 

 

      

 

 

    

 

 

  

 

  (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

     117        09/21/21      $ 15,740      $ (129,571 ) 

U.S. Long Bond

     72        09/21/21        11,878        (388,227 ) 

5-Year U.S. Treasury Note

     99        09/30/21        12,324        (69,009 ) 
          

 

 

  
           $ (586,807 ) 
          

 

 

  

 

 

8  

Schedule of Investments  (unaudited) (continued)

July 31, 2021

    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 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

    $ —        $ 381,537,098        $ —        $ 381,537,098  

Municipal Bonds Transferred to Tender Option Bond Trusts.

      —          143,409,369          —          143,409,369  

Short-Term Securities

                  

Money Market Funds

      1,676,652          —          —          1,676,652  
  

 

 

       

 

 

       

 

 

       

 

 

  
   $     1,676,652        $ 524,946,467        $             —        $ 526,623,119  
  

 

 

       

 

 

       

 

 

       

 

 

  

Derivative Financial Instruments(a)

                 

Liabilities

                  

Interest Rate Contracts.

    $ (586,807 )       $ —        $ —        $ (586,807 ) 
  

 

 

       

 

 

       

 

 

       

 

 

  

 

  (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

    $             —        $ (79,336,793 )       $             —        $ (79,336,793 ) 

VMTP Shares at Liquidation Value

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

 

 

       

 

 

       

 

 

       

 

 

  
   $ —        $ (195,836,793 )       $ —        $ (195,836,793 ) 
  

 

 

       

 

 

       

 

 

       

 

 

  

 

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
 

 

 

SCHEDULE OF INVESTMENTS   9

Schedule of Investments  (unaudited) (continued)

July 31, 2021

    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
TA    Tax Allocation
 

 

 

10