BLACKROCK MUNIYIELD QUALITY FUND II, INC.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-Q
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY
Investment
Company Act file number: 811-06660
Name of Fund: BlackRock MuniYield Quality Fund II, Inc. (MQT)
Fund Address: 100 Bellevue Parkway, Wilmington, DE 19809
Name and address of agent for service: John M. Perlowski, Chief Executive Officer, BlackRock MuniYield Quality Fund II, Inc.,
55 East 52nd Street, New York, NY 10055
Registrant’s telephone number, including area code:
(800) 882-0052, Option 4
Date of fiscal year end: 04/30/2019
Date of reporting period: 07/31/2018
Item 1 – Schedule of Investments
|
|
|
| Schedule of Investments (unaudited)
July 31, 2018 |
|
BlackRock MuniYield Quality Fund II, Inc. (MQT)
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
| Security |
|
Par
(000) |
|
|
Value |
|
| Municipal Bonds — 115.7% |
|
|
| Alabama — 0.9% |
|
| City of Birmingham Alabama, GO, Convertible CAB, Series A1, 5.00%, 03/01/45(a) |
|
$ |
915 |
|
|
$ |
978,556 |
|
| City of Birmingham Alabama Special Care Facilities Financing Authority, RB, Children’s Hospital (AGC),
6.00%, 06/01/19(b) |
|
|
650 |
|
|
|
674,037 |
|
| Homewood Educational Building Authority, Refunding RB, Educational Facilities, Samford University, Series
A: |
|
|
|
|
|
|
|
|
| 5.00%, 12/01/34 |
|
|
240 |
|
|
|
267,905 |
|
| 5.00%, 12/01/47 |
|
|
655 |
|
|
|
719,648 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,640,146 |
|
| Alaska — 0.3% |
|
| Alaska Industrial Development & Export Authority, RB, Providence Health Services, Series A,
5.50%, 10/01/41 |
|
|
850 |
|
|
|
923,559 |
|
|
|
|
|
|
|
|
|
|
| Arizona — 1.4% |
|
| City of Phoenix Arizona Civic Improvement Corp., Refunding RB, Senior Lien, AMT,
5.00%, 07/01/32 |
|
|
1,000 |
|
|
|
1,099,840 |
|
| County of Maricopa Arizona IDA, Refunding RB, Banner Health Obligation Group, Series A,
4.00%, 01/01/41 |
|
|
975 |
|
|
|
1,005,098 |
|
| State of Arizona, COP, Department of Administration, Series A (AGM): |
|
|
|
|
|
|
|
|
| 5.00%, 10/01/27 |
|
|
1,075 |
|
|
|
1,114,291 |
|
| 5.00%, 10/01/29 |
|
|
925 |
|
|
|
958,698 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4,177,927 |
|
| California — 10.9% |
|
| Cabrillo Community College District, GO, CAB, Election of 2004, Series B (NPFGC), 0.00%, 08/01/38(c) |
|
|
4,800 |
|
|
|
1,857,264 |
|
| California Health Facilities Financing Authority, RB: |
|
|
|
|
|
|
|
|
| St. Joseph Health System, Series A, 5.75%, 07/01/39 |
|
|
500 |
|
|
|
519,490 |
|
| Sutter Health, Series A, 5.00%, 11/15/41 |
|
|
840 |
|
|
|
948,007 |
|
| Sutter Health, Series B,
5.88%, 08/15/20(b) |
|
|
1,000 |
|
|
|
1,088,250 |
|
| California Health Facilities Financing Authority, Refunding RB: |
|
|
|
|
|
|
|
|
| Kaiser Permanente, Sub-Series A-2, 5.00%, 11/01/47 |
|
|
1,140 |
|
|
|
1,456,339 |
|
| St. Joseph Health System, Series A, 5.00%, 07/01/37 |
|
|
945 |
|
|
|
1,046,209 |
|
|
|
|
|
|
|
|
|
|
| Security |
|
Par
(000) |
|
|
Value |
|
| California (continued) |
|
| California State University, RB, Systemwide,
Series
A(b): |
|
|
|
|
|
|
|
|
| 5.50%, 05/01/19 |
|
$ |
1,000 |
|
|
$ |
1,031,570 |
|
| (AGC), 5.25%, 05/01/19 |
|
|
3,000 |
|
|
|
3,089,130 |
|
| California Statewide Communities Development Authority, RB, Kaiser Permanente, Series A,
5.00%, 04/01/42 |
|
|
1,290 |
|
|
|
1,405,507 |
|
| California Statewide Communities Development Authority, Refunding RB, John Muir Health,
Series A,
4.00%, 12/01/53 |
|
|
1,050 |
|
|
|
1,059,607 |
|
| City of San Jose California, Refunding ARB, Norman Y Mineta San Jose International Airport SJC, AMT: |
|
|
|
|
|
|
|
|
| Series A, 5.00%, 03/01/36 |
|
|
365 |
|
|
|
412,487 |
|
| Series A, 5.00%, 03/01/37 |
|
|
400 |
|
|
|
450,764 |
|
| Series A-1, 5.75%, 03/01/34 |
|
|
700 |
|
|
|
761,257 |
|
| Coast Community College District, GO, CAB, Election of 2002, Series C (AGM), 5.00%, 08/01/18(b) |
|
|
1,800 |
|
|
|
1,800,000 |
|
| County of San Joaquin California Transportation Authority, Refunding RB, Limited Tax, Measure K, Series A,
6.00%, 03/01/21(b) |
|
|
575 |
|
|
|
639,164 |
|
| Golden State Tobacco Securitization Corp., Refunding RB, Series A-1,
3.50%, 06/01/36 |
|
|
1,515 |
|
|
|
1,523,332 |
|
| Mount San Antonio Community College District, GO, Refunding, CAB, Election of 2008, Series A,
6.25%, 08/01/43(a) |
|
|
5,000 |
|
|
|
4,088,400 |
|
| San Diego California Community College District, GO, CAB, Election of 2006(c): |
|
|
|
|
|
|
|
|
| 0.00%, 08/01/31 |
|
|
1,855 |
|
|
|
1,055,458 |
|
| 0.00%, 08/01/32 |
|
|
2,320 |
|
|
|
1,239,066 |
|
| San Diego California Unified School District, GO, Election of 2008(c): |
|
|
|
|
|
|
|
|
| CAB, Series C, 0.00%, 07/01/38 |
|
|
1,400 |
|
|
|
657,692 |
|
| CAB, Series G, 0.00%, 07/01/34 |
|
|
580 |
|
|
|
283,632 |
|
| CAB, Series G, 0.00%, 07/01/35 |
|
|
615 |
|
|
|
282,931 |
|
| CAB, Series G, 0.00%, 07/01/36 |
|
|
920 |
|
|
|
398,194 |
|
| CAB, Series G, 0.00%, 07/01/37 |
|
|
615 |
|
|
|
250,514 |
|
| San Diego California Unified School District, GO, Refunding, CAB, Series R-1, 0.00%, 07/01/31(c) |
|
|
1,110 |
|
|
|
719,102 |
|
| San Marcos Unified School District, GO, Election of 2010, Series A(b): |
|
|
|
|
|
|
|
|
| 5.00%, 08/01/21 |
|
|
600 |
|
|
|
660,024 |
|
| 5.00%, 08/01/21 |
|
|
490 |
|
|
|
539,020 |
|
| State of California, GO, Various Purposes, 5.00%, 04/01/42 |
|
|
1,500 |
|
|
|
1,639,830 |
|
|
|
|
| Schedule of Investments (unaudited) (continued)
July 31, 2018 |
|
BlackRock MuniYield Quality Fund II, Inc. (MQT)
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
| Security |
|
Par
(000) |
|
|
Value |
|
| California (continued) |
|
| Yosemite Community College District, GO, CAB, Election of 2004, Series D(c): |
|
|
|
|
|
|
|
|
| 0.00%, 08/01/36 |
|
$ |
2,000 |
|
|
$ |
1,026,620 |
|
| 0.00%, 08/01/37 |
|
|
2,790 |
|
|
|
1,364,673 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
33,293,533 |
|
| Colorado — 2.1% |
|
| E-470 Public Highway Authority, Refunding RB, CAB, Series B (NPFGC), 0.00%, 09/01/32(c) |
|
|
5,500 |
|
|
|
2,634,500 |
|
| Regional Transportation District, COP, Refunding, Series A, 5.38%, 06/01/31 |
|
|
1,000 |
|
|
|
1,058,850 |
|
| Regional Transportation District, COP, Series A, 5.00%, 06/01/39 |
|
|
2,500 |
|
|
|
2,734,950 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6,428,300 |
|
| Connecticut — 0.6% |
|
| Connecticut Housing Finance Authority, Refunding RB, S/F Housing: |
|
|
|
|
|
|
|
|
| Sub-Series A-1, 3.85%, 11/15/43 |
|
|
575 |
|
|
|
569,463 |
|
| Sub-Series B-1, 4.00%, 05/15/45 |
|
|
625 |
|
|
|
631,438 |
|
| State of Connecticut, GO, Series C, 5.00%, 06/15/32 |
|
|
545 |
|
|
|
613,190 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,814,091 |
|
| Florida — 11.0% |
|
| Central Florida Expressway Authority, Refunding RB, Senior Lien, 4.00%, 07/01/41 |
|
|
370 |
|
|
|
380,053 |
|
| Country of Miami-Dade FL Water & Sewer System Revenue, Refunding RB, System-Series A,
4.00%, 10/01/44 |
|
|
800 |
|
|
|
820,984 |
|
| County of Brevard Florida Health Facilities Authority, Refunding RB, Health First, Inc. Project,
5.00%, 04/01/39 |
|
|
1,420 |
|
|
|
1,534,580 |
|
| County of Broward Florida Airport System Revenue, ARB, AMT, 5.00%, 10/01/47 |
|
|
1,500 |
|
|
|
1,676,265 |
|
| County of Highlands Florida Health Facilities Authority, RB, Adventist Health System/Sunbelt Obligated Group,
6.00%, 11/15/37 |
|
|
550 |
|
|
|
583,214 |
|
| County of Hillsborough Florida Aviation Authority, RB, Series A, AMT (AGC), 5.38%, 10/01/33 |
|
|
3,250 |
|
|
|
3,269,207 |
|
| County of Lee Florida, Refunding ARB, Series A, AMT: |
|
|
|
|
|
|
|
|
| 5.63%, 10/01/26 |
|
|
825 |
|
|
|
900,421 |
|
| 5.38%, 10/01/32 |
|
|
1,100 |
|
|
|
1,189,551 |
|
|
|
|
|
|
|
|
|
|
| Security |
|
Par
(000) |
|
|
Value |
|
| Florida (continued) |
|
| County of Miami-Dade Florida, RB: |
|
|
|
|
|
|
|
|
| Jackson Health System (AGC),
5.63%, 06/01/19(b) |
|
$ |
900 |
|
|
$ |
930,888 |
|
| Seaport Department, Series A, 6.00%, 10/01/38 |
|
|
1,780 |
|
|
|
2,051,094 |
|
| Seaport Department, Series B, AMT, 6.25%, 10/01/38 |
|
|
360 |
|
|
|
416,128 |
|
| Seaport Department, Series B, AMT, 6.00%, 10/01/42 |
|
|
580 |
|
|
|
660,852 |
|
| Seaport, Series B, AMT, 6.00%, 10/01/30 |
|
|
570 |
|
|
|
650,336 |
|
| County of Miami-Dade Florida, Refunding RB, 4.00%, 10/01/40 |
|
|
785 |
|
|
|
807,011 |
|
| County of Miami-Dade Florida Aviation, Refunding ARB, AMT, 5.00%, 10/01/34 |
|
|
160 |
|
|
|
178,451 |
|
| County of Miami-Dade Florida Aviation, Refunding RB, Series B, AMT, 5.00%, 10/01/40 |
|
|
2,210 |
|
|
|
2,501,190 |
|
| County of Miami-Dade Florida Aviation Revenue, Refunding ARB, Series A, AMT, 5.00%, 10/01/32 |
|
|
1,730 |
|
|
|
1,882,102 |
|
| County of Miami-Dade Florida Educational Facilities Authority, RB, University of Miami, Series A,
5.00%, 04/01/40 |
|
|
2,635 |
|
|
|
2,922,505 |
|
| County of Miami-Dade Florida Health Facilities Authority, Refunding RB, Nicklaus Children’s Hospital
Project, 5.00%, 08/01/42 |
|
|
535 |
|
|
|
593,866 |
|
| County of Orange Florida Health Facilities Authority, Refunding RB, Presbyterian Retirement Communities
Project: |
|
|
|
|
|
|
|
|
| 5.00%, 08/01/41 |
|
|
495 |
|
|
|
537,907 |
|
| 5.00%, 08/01/47 |
|
|
1,435 |
|
|
|
1,555,239 |
|
| County of Palm Beach Florida Solid Waste Authority, Refunding RB, Series B: |
|
|
|
|
|
|
|
|
| 5.00%, 10/01/21(b) |
|
|
30 |
|
|
|
32,842 |
|
| 5.00%, 10/01/31 |
|
|
1,870 |
|
|
|
2,038,113 |
|
| County of Putnam Florida Development Authority, Refunding RB, Seminole Project, Series A,
5.00%, 03/15/42 |
|
|
465 |
|
|
|
521,344 |
|
| County of Sarasota Florida Public Hospital District, RB, Sarasota Memorial Hospital Project, Series A,
5.63%, 07/01/39 |
|
|
250 |
|
|
|
258,647 |
|
| Florida Ports Financing Commission, Refunding RB, State Transportation Trust Fund, Series B, AMT,
5.38%, 10/01/29 |
|
|
2,400 |
|
|
|
2,636,208 |
|
|
|
|
| Schedule of Investments (unaudited) (continued)
July 31, 2018 |
|
BlackRock MuniYield Quality Fund II, Inc. (MQT)
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
| Security |
|
Par
(000) |
|
|
Value |
|
| Florida (continued) |
|
| Greater Orlando Aviation Authority, ARB, Priority Sub-Series A, AMT, 5.00%, 10/01/37 |
|
$ |
660 |
|
|
$ |
742,520 |
|
| Reedy Creek Improvement District, GO, Series A, 5.25%, 06/01/33 |
|
|
1,040 |
|
|
|
1,179,984 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
33,451,502 |
|
|
| Georgia — 0.8% |
|
| County of Gainesville Georgia & Hall Hospital Authority, Refunding RB, Northeast Georgia Health
System, Inc. Project, Series A (GTD), 5.50%, 08/15/54 |
|
|
440 |
|
|
|
503,721 |
|
| County of LaGrange-Troup Hospital Authority, Refunding RB, Revenue Anticipation Certificates,
4.00%, 04/01/47 |
|
|
1,110 |
|
|
|
1,114,795 |
|
| Private Colleges & Universities Authority, RB, Savannah College of Art & Design: |
|
|
|
|
|
|
|
|
| 5.00%, 04/01/33 |
|
|
120 |
|
|
|
130,456 |
|
| 5.00%, 04/01/44 |
|
|
550 |
|
|
|
590,568 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,339,540 |
|
|
| Illinois — 12.5% |
|
| City of Chicago Illinois Midway International Airport, Refunding ARB, 2nd Lien, Series A, AMT,
5.00%, 01/01/34 |
|
|
505 |
|
|
|
548,274 |
|
| City of Chicago Illinois O’Hare International Airport, GARB: |
|
|
|
|
|
|
|
|
| 3rd Lien, Series A, 5.75%, 01/01/21(b) |
|
|
1,680 |
|
|
|
1,835,198 |
|
| 3rd Lien, Series A, 5.75%, 01/01/39 |
|
|
320 |
|
|
|
346,557 |
|
| Senior Lien, Series D, 5.25%, 01/01/42 |
|
|
2,585 |
|
|
|
2,944,470 |
|
| City of Chicago Illinois O’Hare International Airport, Refunding GARB, Senior Lien, Series C, AMT,
5.38%, 01/01/39 |
|
|
3,235 |
|
|
|
3,527,962 |
|
| City of Chicago Illinois Transit Authority, RB, Sales Tax Receipts, 5.25%, 12/01/36 |
|
|
515 |
|
|
|
549,927 |
|
| Illinois Finance Authority, RB, Carle Foundation, Series A, 5.75%, 08/15/34 |
|
|
400 |
|
|
|
436,796 |
|
| Illinois Finance Authority, Refunding RB: |
|
|
|
|
|
|
|
|
| Central Dupage Health, Series B,
5.50%, 11/01/19(b) |
|
|
2,070 |
|
|
|
2,168,449 |
|
| Silver Cross Hospital & Medical Centers, Series C, 4.13%, 08/15/37 |
|
|
665 |
|
|
|
666,403 |
|
|
|
|
|
|
|
|
|
|
| Security |
|
Par
(000) |
|
|
Value |
|
| Illinois (continued) |
|
| Illinois Finance Authority, Refunding RB (continued): |
|
|
|
|
|
|
|
|
| Silver Cross Hospital & Medical Centers, Series C, 5.00%, 08/15/44 |
|
$ |
305 |
|
|
$ |
326,240 |
|
| Illinois Sports Facilities Authority, RB, State Tax Supported (AMBAC), 5.50%, 06/15/30 |
|
|
10,865 |
|
|
|
10,894,879 |
|
| Illinois State Toll Highway Authority, RB, Series B, 5.00%, 01/01/37 |
|
|
2,465 |
|
|
|
2,753,997 |
|
| Metropolitan Pier & Exposition Authority, RB, CAB, McCormick Place Expansion Project (NPFGC),
0.00%, 12/15/36(c) |
|
|
10,000 |
|
|
|
4,298,100 |
|
| Metropolitan Pier & Exposition Authority, Refunding RB, CAB, McCormick Place Expansion Project,
Series B (AGM), 0.00%, 06/15/44(c) |
|
|
2,980 |
|
|
|
947,193 |
|
| Railsplitter Tobacco Settlement Authority, RB, 6.00%, 06/01/21(b) |
|
|
575 |
|
|
|
640,832 |
|
| Regional Transportation Authority, RB, Series B (NPFGC), 5.75%, 06/01/33 |
|
|
2,000 |
|
|
|
2,502,780 |
|
| State of Illinois, GO: |
|
|
|
|
|
|
|
|
| 5.25%, 02/01/33 |
|
|
735 |
|
|
|
775,116 |
|
| 5.50%, 07/01/33 |
|
|
710 |
|
|
|
752,834 |
|
| 5.25%, 02/01/34 |
|
|
735 |
|
|
|
773,639 |
|
| 5.50%, 07/01/38 |
|
|
390 |
|
|
|
410,518 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
38,100,164 |
|
|
| Indiana — 2.6% |
|
| Indiana Finance Authority, RB, Series A: |
|
|
|
|
|
|
|
|
| CWA Authority Project, 1st Lien, 5.25%, 10/01/38 |
|
|
1,000 |
|
|
|
1,092,370 |
|
| Private Activity Bond, Ohio River Bridges East End Crossing Project, AMT, 5.00%, 07/01/44 |
|
|
445 |
|
|
|
473,640 |
|
| Indiana Health & Educational Facilities Financing Authority, Refunding RB, Ascension Senior Credit
Group, 5.00%, 11/15/46 |
|
|
1,675 |
|
|
|
1,886,352 |
|
| Indianapolis Local Public Improvement Bond Bank, Refunding RB, Waterworks Project, Series A: |
|
|
|
|
|
|
|
|
| 5.75%, 01/01/19(b) |
|
|
390 |
|
|
|
397,086 |
|
| 5.75%, 01/01/38 |
|
|
1,610 |
|
|
|
1,636,469 |
|
| (AGC), 5.50%, 01/01/19(b) |
|
|
310 |
|
|
|
315,313 |
|
| (AGC), 5.50%, 01/01/38 |
|
|
1,265 |
|
|
|
1,285,455 |
|
|
|
|
| Schedule of Investments (unaudited) (continued)
July 31, 2018 |
|
BlackRock MuniYield Quality Fund II, Inc. (MQT)
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
| Security |
|
Par
(000) |
|
|
Value |
|
| Indiana (continued) |
|
| State of Indiana Finance Authority, RB, Private Activity Bond, Ohio River Bridges, Series A, AMT,
5.00%, 07/01/40 |
|
$ |
770 |
|
|
$ |
822,067 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7,908,752 |
|
| Iowa — 2.3% |
|
| Iowa Finance Authority, RB, Iowa Health Care Facilities, Series A (AGC), 5.63%, 08/15/19(b) |
|
|
4,925 |
|
|
|
5,127,861 |
|
| Iowa Student Loan Liquidity Corp., RB, Senior
Series A-2, AMT: |
|
|
|
|
|
|
|
|
| 5.60%, 12/01/26 |
|
|
515 |
|
|
|
535,136 |
|
| 5.70%, 12/01/27 |
|
|
520 |
|
|
|
539,734 |
|
| 5.80%, 12/01/29 |
|
|
355 |
|
|
|
368,163 |
|
| 5.85%, 12/01/30 |
|
|
365 |
|
|
|
378,622 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6,949,516 |
|
| Kentucky — 0.7% |
|
| State of Kentucky Property & Building Commission, Refunding RB, Project No. 93 (AGC): |
|
|
|
|
|
|
|
|
| 5.25%, 02/01/19(b) |
|
|
1,775 |
|
|
|
1,809,186 |
|
| 5.25%, 02/01/29 |
|
|
225 |
|
|
|
229,109 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,038,295 |
|
| Louisiana — 1.3% |
|
| City of New Orleans Louisiana Aviation Board, ARB, Series B, AMT, 5.00%, 01/01/40 |
|
|
2,620 |
|
|
|
2,851,791 |
|
| Louisiana Public Facilities Authority, Refunding RB, Christus Health, Series B (AGC),
6.50%, 07/01/30 |
|
|
1,150 |
|
|
|
1,172,736 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4,024,527 |
|
| Maine — 0.2% |
|
| Maine State Housing Authority, RB, Series D-1, 3.65%, 11/15/42 |
|
|
570 |
|
|
|
558,269 |
|
|
|
|
|
|
|
|
|
|
| Massachusetts — 2.6% |
|
| Massachusetts Development Finance Agency, RB, Emerson College Issue, Series A, 5.00%, 01/01/47 |
|
|
1,855 |
|
|
|
2,020,930 |
|
| Massachusetts Development Finance Agency, Refunding RB, Partners Health Care System,
4.00%, 07/01/41 |
|
|
815 |
|
|
|
834,267 |
|
| Massachusetts HFA, Refunding RB, AMT: |
|
|
|
|
|
|
|
|
| Series A, 4.45%, 12/01/42 |
|
|
700 |
|
|
|
725,788 |
|
| Series C, 5.00%, 12/01/30 |
|
|
1,990 |
|
|
|
2,012,368 |
|
| Series C, 5.35%, 12/01/42 |
|
|
390 |
|
|
|
394,793 |
|
|
|
|
|
|
|
|
|
|
| Security |
|
Par
(000) |
|
|
Value |
|
| Massachusetts (continued) |
|
| Massachusetts Housing Finance Agency, RB, M/F Housing, Series A: |
|
|
|
|
|
|
|
|
| 3.80%, 12/01/43 |
|
$ |
230 |
|
|
$ |
227,774 |
|
| 3.85%, 06/01/46 |
|
|
155 |
|
|
|
153,425 |
|
| Massachusetts Port Authority, Refunding ARB,
Series A, AMT, 5.00%, 07/01/47 |
|
|
305 |
|
|
|
341,499 |
|
| Massachusetts School Building Authority, RB, Dedicated Sales Tax, Senior Series A,
5.00%, 05/15/43 |
|
|
1,110 |
|
|
|
1,226,483 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7,937,327 |
|
| Michigan — 3.5% |
|
| City of Detroit Michigan Water Supply System Revenue, RB: |
|
|
|
|
|
|
|
|
| 2nd Lien, Series B (AGM),
6.25%, 07/01/19(b) |
|
|
350 |
|
|
|
364,735 |
|
| Senior Lien, Series A, 5.25%, 07/01/41 |
|
|
1,600 |
|
|
|
1,720,080 |
|
| City of Lansing Michigan, RB, Board of Water & Light Utilities System, Series A,
5.50%, 07/01/41 |
|
|
1,700 |
|
|
|
1,860,497 |
|
| Eastern Michigan University, RB, Series A (AGM), 4.00%, 03/01/44 |
|
|
545 |
|
|
|
554,107 |
|
| Michigan Finance Authority, Refunding RB: |
|
|
|
|
|
|
|
|
| Henry Ford Health System, 3.25%, 11/15/42 |
|
|
380 |
|
|
|
331,136 |
|
| Trinity Health Credit Group,
5.00%, 12/01/21(b) |
|
|
15 |
|
|
|
16,488 |
|
| Trinity Health Credit Group, Series A, 4.00%, 12/01/40 |
|
|
315 |
|
|
|
322,387 |
|
| Michigan State Hospital Finance Authority, Refunding RB, Ascension Senior Credit Group,
4.00%, 11/15/47 |
|
|
530 |
|
|
|
538,962 |
|
| Royal Oak Hospital Finance Authority Michigan, Refunding RB, Beaumont Health Credit Group, Series D,
5.00%, 09/01/39 |
|
|
720 |
|
|
|
787,277 |
|
| State of Michigan Building Authority, Refunding RB, Facilities Program: |
|
|
|
|
|
|
|
|
| Series I-A, 5.38%, 10/15/41 |
|
|
600 |
|
|
|
659,364 |
|
| Series II-A, 5.38%, 10/15/36 |
|
|
1,000 |
|
|
|
1,101,220 |
|
| Series II-A (AGM), 5.25%, 10/15/36 |
|
|
1,900 |
|
|
|
2,088,100 |
|
|
|
|
| Schedule of Investments (unaudited) (continued)
July 31, 2018 |
|
BlackRock MuniYield Quality Fund II, Inc. (MQT)
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
| Security |
|
Par
(000) |
|
|
Value |
|
| Michigan (continued) |
|
| Western Michigan University, Refunding RB, General, University and College Improvements (AGM),
5.00%, 11/15/39 |
|
$ |
340 |
|
|
$ |
379,688 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10,724,041 |
|
| Minnesota — 0.6% |
|
| City of Minneapolis Minnesota, Refunding RB, Fairview Health Services, Series B (AGC): |
|
|
|
|
|
|
|
|
| 6.50%, 11/15/18(b) |
|
|
275 |
|
|
|
279,086 |
|
| 6.50%, 11/15/38 |
|
|
1,525 |
|
|
|
1,547,387 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,826,473 |
|
| Mississippi — 0.1% |
|
| Mississippi State University Educational Building Corp., Refunding RB, Mississippi State University
Facilities Refinancing, Series A, 4.00%, 08/01/43 |
|
|
350 |
|
|
|
361,494 |
|
|
|
|
|
|
|
|
|
|
| Nebraska — 1.0% |
|
| Central Plains Nebraska Energy Project, RB, Gas Project No. 3, 5.25%, 09/01/37 |
|
|
2,650 |
|
|
|
2,923,400 |
|
|
|
|
|
|
|
|
|
|
| Nevada — 0.9% |
|
| County of Clark Nevada, ARB, Las Vegas-McCarran International Airport, Series A: |
|
|
|
|
|
|
|
|
| 5.25%, 07/01/42 |
|
|
1,000 |
|
|
|
1,048,080 |
|
| (AGM), 5.25%, 07/01/39 |
|
|
1,700 |
|
|
|
1,782,467 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,830,547 |
|
| New Jersey — 8.4% |
|
| New Jersey EDA, RB: |
|
|
|
|
|
|
|
|
| Goethals Bridge Replacement Project, AMT, Private Activity Bond, 5.38%, 01/01/43 |
|
|
790 |
|
|
|
863,675 |
|
| Goethals Bridge Replacement Project, AMT, Private Activity Bond, 5.13%, 01/01/34 |
|
|
610 |
|
|
|
664,131 |
|
| Series WW, 5.25%, 06/15/33 |
|
|
135 |
|
|
|
147,756 |
|
| Series WW, 5.00%, 06/15/34 |
|
|
180 |
|
|
|
193,732 |
|
| Series WW, 5.00%, 06/15/36 |
|
|
800 |
|
|
|
856,032 |
|
| Series WW, 5.25%, 06/15/40 |
|
|
320 |
|
|
|
345,600 |
|
| New Jersey EDA, Refunding RB, Sub-Series A, 4.00%, 07/01/32 |
|
|
500 |
|
|
|
501,475 |
|
| New Jersey Higher Education Student Assistance Authority, Refunding RB, Series 1, AMT: |
|
|
|
|
|
|
|
|
| 5.50%, 12/01/25 |
|
|
255 |
|
|
|
272,794 |
|
| 5.50%, 12/01/26 |
|
|
180 |
|
|
|
191,216 |
|
| 5.75%, 12/01/28 |
|
|
95 |
|
|
|
101,567 |
|
|
|
|
|
|
|
|
|
|
| Security |
|
Par
(000) |
|
|
Value |
|
| New Jersey (continued) |
|
| New Jersey Housing & Mortgage Finance Agency, Refunding RB, M/F Housing, Series 2, AMT,
4.35%, 11/01/33 |
|
$ |
840 |
|
|
$ |
865,234 |
|
| New Jersey Transportation Trust Fund Authority, RB: |
|
|
|
|
|
|
|
|
| Transportation Program, Series AA, 5.25%, 06/15/33 |
|
|
1,315 |
|
|
|
1,405,603 |
|
| Transportation Program, Series AA, 5.00%, 06/15/38 |
|
|
1,180 |
|
|
|
1,249,998 |
|
| Transportation System, CAB, Series A,
0.00%, 12/15/29(c) |
|
|
225 |
|
|
|
140,891 |
|
| Transportation System, Series A, 5.50%, 06/15/41 |
|
|
4,265 |
|
|
|
4,460,124 |
|
| Transportation System, Series A (NPFGC), 5.75%, 06/15/25 |
|
|
1,400 |
|
|
|
1,639,246 |
|
| Transportation System, Series AA, 5.50%, 06/15/39 |
|
|
4,650 |
|
|
|
4,991,775 |
|
| Transportation System, Series B, 5.00%, 06/15/42 |
|
|
3,680 |
|
|
|
3,796,803 |
|
| Transportation System, Series D, 5.00%, 06/15/32 |
|
|
525 |
|
|
|
565,861 |
|
| Tobacco Settlement Financing Corp., Refunding RB, Series A, 5.00%, 06/01/46 |
|
|
1,640 |
|
|
|
1,801,507 |
|
| Tobacco Settlement Financing Corp. New Jersey, Refunding RB, Series A, 5.25%, 06/01/46 |
|
|
360 |
|
|
|
403,096 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
25,458,116 |
|
| New Mexico — 0.1% |
|
| New Mexico Hospital Equipment Loan Council, Refunding RB, Presbyterian Healthcare Services,
5.00%, 08/01/44 |
|
|
325 |
|
|
|
359,483 |
|
|
|
|
|
|
|
|
|
|
| New York — 8.3% |
|
| City of New York Transitional Finance Authority, BARB, Fiscal 2009, Series S-4, 5.50%, 01/15/33 |
|
|
3,035 |
|
|
|
3,087,597 |
|
| City of New York Housing Development Corp., Refunding RB, Series L-2-A, 4.00%, 05/01/44 |
|
|
760 |
|
|
|
767,060 |
|
| City of New York New York Municipal Water Finance Authority, Refunding RB, Second General Resolution, Fiscal
2012, Series BB, 5.25%, 06/15/44 |
|
|
1,250 |
|
|
|
1,375,700 |
|
| City of New York New York Transitional Finance Authority, RB, Series S-3, 4.00%, 07/15/46 |
|
|
1,000 |
|
|
|
1,029,820 |
|
| City of New York Transitional Finance Authority, BARB, Series S-1, 4.00%, 07/15/40 |
|
|
670 |
|
|
|
688,700 |
|
|
|
|
| Schedule of Investments (unaudited) (continued)
July 31, 2018 |
|
BlackRock MuniYield Quality Fund II, Inc. (MQT)
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
| Security |
|
Par
(000) |
|
|
Value |
|
| New York (continued) |
|
| City of New York Transitional Finance Authority, Refunding RB, Future Tax Secured, Series B,
5.00%, 11/01/32 |
|
$ |
2,200 |
|
|
$ |
2,440,856 |
|
| Hudson Yards Infrastructure Corp., RB, Senior, Fiscal 2012: |
|
|
|
|
|
|
|
|
| 5.75%, 02/15/21(b) |
|
|
375 |
|
|
|
412,541 |
|
| 5.75%, 02/15/47 |
|
|
235 |
|
|
|
255,708 |
|
| Metropolitan Transportation Authority, Refunding RB, Series B, 5.00%, 11/15/37 |
|
|
1,230 |
|
|
|
1,389,974 |
|
| New York City Water & Sewer System, RB, Series DD-1, 4.00%, 06/15/48 |
|
|
5,000 |
|
|
|
5,149,650 |
|
| New York Transportation Development Corp., ARB, LaGuardia Airport Terminal B Redevelopment Project, Series A,
AMT, 5.25%, 01/01/50 |
|
|
4,950 |
|
|
|
5,359,513 |
|
| Port Authority of New York & New Jersey, Refunding ARB, Series 207, AMT,
4.00%, 09/15/43 |
|
|
410 |
|
|
|
418,532 |
|
| State of New York HFA, RB, Affordable Housing, M/F Housing, Series B, AMT, 5.30%, 11/01/37 |
|
|
2,835 |
|
|
|
2,838,204 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
25,213,855 |
|
| Ohio — 1.3% |
|
| County of Allen Ohio Hospital Facilities Revenue, Refunding RB, Series A, 4.00%, 08/01/38 |
|
|
1,390 |
|
|
|
1,413,102 |
|
| County of Butler Ohio, Refunding RB, UC Health, 4.00%, 11/15/37 |
|
|
405 |
|
|
|
407,167 |
|
| County of Lucas Ohio, Refunding RB, Promedica Healthcare, Series A, 6.50%, 11/15/21(b) |
|
|
460 |
|
|
|
527,717 |
|
| State of Ohio Turnpike Commission, RB, Junior Lien, Infrastructure Projects, Series A-1: |
|
|
|
|
|
|
|
|
| 5.25%, 02/15/32 |
|
|
610 |
|
|
|
680,955 |
|
| 5.25%, 02/15/33 |
|
|
850 |
|
|
|
946,942 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,975,883 |
|
| Oregon — 1.5% |
|
| Counties of Washington & Multnomah Oregon School District No. 48J Beaverton, GO, Convertible
CAB, Series D, 5.00%, 06/15/36 |
|
|
735 |
|
|
|
848,704 |
|
| County of Clackamas Oregon Community College District, GO, Convertible Deferred Interest Bonds, Series A,
5.00%, 06/15/40(a) |
|
|
390 |
|
|
|
403,030 |
|
| County of Clackamas Oregon School District No. 12 North Clackamas, GO, CAB, Series A,
0.00%, 06/15/38(c) |
|
|
875 |
|
|
|
391,580 |
|
|
|
|
|
|
|
|
|
|
| Security |
|
Par
(000) |
|
|
Value |
|
| Oregon (continued) |
|
| State of Oregon, GO, Refunding, Veteran’s Welfare Series 100th, 3.65%, 06/01/42 |
|
$ |
540 |
|
|
$ |
535,729 |
|
| State of Oregon Housing & Community Services Department, RB, Series D, 3.45%, 01/01/38 |
|
|
2,445 |
|
|
|
2,390,697 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4,569,740 |
|
| Pennsylvania — 10.3% |
|
| Commonwealth Financing Authority, RB: |
|
|
|
|
|
|
|
|
| Series B, 5.00%, 06/01/42 |
|
|
2,110 |
|
|
|
2,268,672 |
|
| Tobacco Master Settlement Payment, 5.00%, 06/01/33 |
|
|
195 |
|
|
|
218,971 |
|
| Tobacco Master Settlement Payment, 5.00%, 06/01/34 |
|
|
345 |
|
|
|
386,193 |
|
| Tobacco Master Settlement Payment, 5.00%, 06/01/35 |
|
|
660 |
|
|
|
735,900 |
|
| Tobacco Master Settlement Payment (AGM), 4.00%, 06/01/39 |
|
|
935 |
|
|
|
954,803 |
|
| County of Montgomery Higher Education & Health Authority, Refunding RB, Thomas Jefferson University,
Series A, 4.00%, 09/01/49 |
|
|
840 |
|
|
|
839,975 |
|
| Pennsylvania Economic Development Financing Authority, RB: |
|
|
|
|
|
|
|
|
| AMT, 5.00%, 06/30/42 |
|
|
3,300 |
|
|
|
3,584,724 |
|
| PA Bridges Finco LP, 5.00%, 12/31/38 |
|
|
1,155 |
|
|
|
1,257,957 |
|
| PA Bridges Finco LP, AMT, 5.00%, 12/31/34 |
|
|
2,220 |
|
|
|
2,437,049 |
|
| Pennsylvania Economic Development Financing Authority, Refunding RB, Series A: |
|
|
|
|
|
|
|
|
| 4.00%, 11/15/42 |
|
|
505 |
|
|
|
510,055 |
|
| 4.00%, 11/15/47 |
|
|
2,450 |
|
|
|
2,463,108 |
|
| Pennsylvania Higher Educational Facilities Authority, Refunding RB, Thomas Jefferson University,
Series A,
5.25%, 09/01/50 |
|
|
3,175 |
|
|
|
3,536,474 |
|
| Pennsylvania Turnpike Commission, RB: |
|
|
|
|
|
|
|
|
| Series A, 5.00%, 12/01/38 |
|
|
550 |
|
|
|
605,638 |
|
| Series A-1, 5.00%, 12/01/41 |
|
|
730 |
|
|
|
810,205 |
|
| Series B, 5.00%, 12/01/40 |
|
|
285 |
|
|
|
316,501 |
|
| Series C, 5.50%, 12/01/23(b) |
|
|
490 |
|
|
|
574,937 |
|
| Sub-Series B-1, 5.00%, 06/01/42 |
|
|
1,265 |
|
|
|
1,384,859 |
|
| Subordinate, Special Motor License Fund,
5.50%, 12/01/20(b) |
|
|
2,245 |
|
|
|
2,439,597 |
|
| Subordinate, Special Motor License Fund,
6.00%, 12/01/20(b) |
|
|
500 |
|
|
|
549,030 |
|
|
|
|
| Schedule of Investments (unaudited) (continued)
July 31, 2018 |
|
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: |
|
|
|
|
|
|
|
|
| Motor Licensed Fund Enhancement, Third Series, 4.00%, 12/01/38 |
|
$ |
1,835 |
|
|
$ |
1,870,764 |
|
| Series A-1, 5.00%, 12/01/40 |
|
|
680 |
|
|
|
750,584 |
|
| Philadelphia Authority for Industrial Development, RB, The Children’s Hospital of Philadelphia Project,
Series A, 4.00%, 07/01/44 |
|
|
1,100 |
|
|
|
1,124,992 |
|
| Philadelphia School District, GO, Refunding,
Series F, 5.00%, 09/01/38 |
|
|
270 |
|
|
|
297,286 |
|
| Philadelphia School District, GO, Series E(b): |
|
|
|
|
|
|
|
|
| 6.00%, 09/01/18 |
|
|
15 |
|
|
|
15,056 |
|
| 6.00%, 09/01/18 |
|
|
1,285 |
|
|
|
1,289,857 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
31,223,187 |
|
| Rhode Island — 1.5% |
|
| Rhode Island Health & Educational Building Corp., RB, Series A, 4.00%, 09/15/42 |
|
|
715 |
|
|
|
726,461 |
|
| Rhode Island Turnpike & Bridge Authority, Refunding RB, Series A, 5.00%, 10/01/40 |
|
|
415 |
|
|
|
461,223 |
|
| Tobacco Settlement Financing Corp., Refunding RB, Series B: |
|
|
|
|
|
|
|
|
| 4.50%, 06/01/45 |
|
|
945 |
|
|
|
962,199 |
|
| 5.00%, 06/01/50 |
|
|
2,340 |
|
|
|
2,441,556 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4,591,439 |
|
| South Carolina — 5.8% |
|
| County of Charleston South Carolina Airport District, ARB, Series A, AMT, 5.50%, 07/01/41 |
|
|
1,360 |
|
|
|
1,510,294 |
|
| South Carolina Jobs EDA, Refunding RB, Palmetto Health, Series A (AGM), 6.50%, 08/01/21(b) |
|
|
100 |
|
|
|
113,372 |
|
| South Carolina Ports Authority, ARB, AMT, 5.00%, 07/01/48 |
|
|
965 |
|
|
|
1,085,345 |
|
| South Carolina Transportation Infrastructure Bank, RB, Series A, 5.25%, 10/01/19(b) |
|
|
3,420 |
|
|
|
3,562,887 |
|
| State of South Carolina Ports Authority, RB, AMT, 5.25%, 07/01/50 |
|
|
2,040 |
|
|
|
2,266,746 |
|
| State of South Carolina Public Service Authority, RB: |
|
|
|
|
|
|
|
|
| Santee Cooper, Series A, 5.50%, 12/01/54 |
|
|
3,935 |
|
|
|
4,285,963 |
|
| Series E, 5.50%, 12/01/53 |
|
|
2,820 |
|
|
|
3,052,029 |
|
|
|
|
|
|
|
|
|
|
| Security |
|
Par
(000) |
|
|
Value |
|
| South Carolina (continued) |
|
| State of South Carolina Public Service Authority, Refunding RB, Santee Cooper, Series B,
5.00%, 12/01/38 |
|
$ |
1,840 |
|
|
$ |
1,949,186 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
17,825,822 |
|
| South Dakota — 0.4% |
|
| South Dakota Health & Educational Facilities Authority, Refunding RB, Avera Health Issue,
4.00%, 07/01/37 |
|
|
1,085 |
|
|
|
1,102,067 |
|
|
|
|
|
|
|
|
|
|
| Texas — 17.5% |
|
| City of San Antonio Texas Electric & Gas Revenue, RB, Junior Lien, 5.00%, 02/01/38 |
|
|
500 |
|
|
|
549,060 |
|
| County of Midland Texas Fresh Water Supply District No. 1, RB, CAB, City of Midland Project, Series A,
0.00%, 09/15/36(c) |
|
|
1,850 |
|
|
|
876,030 |
|
| County of Tarrant Texas Cultural Education Facilities Finance Corp., Refunding RB, Cook Children’s
Medical Center, 5.25%, 12/01/39 |
|
|
750 |
|
|
|
827,475 |
|
| Dallas-Fort Worth International Airport, ARB, Joint Improvement, AMT: |
|
|
|
|
|
|
|
|
| Series D, 5.00%, 11/01/38 |
|
|
1,800 |
|
|
|
1,930,140 |
|
| Series D, 5.00%, 11/01/42 |
|
|
1,140 |
|
|
|
1,212,538 |
|
| Series H, 5.00%, 11/01/32 |
|
|
2,715 |
|
|
|
2,928,861 |
|
| Dallas-Fort Worth International Airport, Refunding ARB, Series F, 5.25%, 11/01/33 |
|
|
865 |
|
|
|
972,658 |
|
| Grand Parkway Transportation Corp., RB: |
|
|
|
|
|
|
|
|
| Convertible CAB, Series B,
5.80%, 10/01/46(a) |
|
|
1,855 |
|
|
|
1,734,184 |
|
| Subordinate Tier Toll Revenue Bonds, TELA Supported, Series A, 5.00%, 10/01/48 |
|
|
1,605 |
|
|
|
1,827,710 |
|
| Leander ISD, GO, Refunding, CAB, Series D (PSF-GTD), 0.00%, 08/15/38(c) |
|
|
3,020 |
|
|
|
1,281,477 |
|
| Lone Star College System, GO,
5.00%, 08/15/18(b) |
|
|
2,500 |
|
|
|
2,503,425 |
|
| North Texas Tollway Authority, RB, Convertible CAB, Series C, 6.75%, 09/01/31(a)(b) |
|
|
10,000 |
|
|
|
11,931,900 |
|
| North Texas Tollway Authority, Refunding RB: |
|
|
|
|
|
|
|
|
| 1st Tier System, Series A,
6.00%, 01/01/19(b) |
|
|
1,965 |
|
|
|
2,002,708 |
|
| 1st Tier System, Series A, 6.00%, 01/01/28 |
|
|
450 |
|
|
|
457,803 |
|
| 1st Tier, Series K-1 (AGC),
5.75%, 01/01/19(b) |
|
|
3,400 |
|
|
|
3,461,778 |
|
|
|
|
| Schedule of Investments (unaudited) (continued)
July 31, 2018 |
|
BlackRock MuniYield Quality Fund II, Inc. (MQT)
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
| Security |
|
Par
(000) |
|
|
Value |
|
| Texas (continued) |
|
| North Texas Tollway Authority, Refunding RB (continued): |
|
|
|
|
|
|
|
|
| 1st Tier-Series A, 5.00%, 01/01/43 |
|
$ |
1,790 |
|
|
$ |
2,025,188 |
|
| Series B, 5.00%, 01/01/40 |
|
|
530 |
|
|
|
576,937 |
|
| San Antonio Public Facilities Corp., Refunding RB, Convention Center Refinancing & Expansion
Project, CAB(c): |
|
|
|
|
|
|
|
|
| 0.00%, 09/15/35 |
|
|
1,150 |
|
|
|
533,899 |
|
| 0.00%, 09/15/36 |
|
|
3,875 |
|
|
|
1,695,312 |
|
| 0.00%, 09/15/37 |
|
|
17,775 |
|
|
|
7,318,323 |
|
| San Antonio Water System, Refunding RB, Junior Lien, Series A, 5.00%, 05/15/48 |
|
|
1,205 |
|
|
|
1,376,158 |
|
| Texas Municipal Gas Acquisition & Supply Corp. III, RB, Natural Gas Utility Improvements: |
|
|
|
|
|
|
|
|
| 5.00%, 12/15/31 |
|
|
1,030 |
|
|
|
1,111,988 |
|
| 5.00%, 12/15/32 |
|
|
1,765 |
|
|
|
1,902,493 |
|
| Texas Private Activity Bond Surface Transportation Corp., RB, Senior Lien, AMT, Blueridge Transportation
Group, 5.00%, 12/31/45 |
|
|
1,135 |
|
|
|
1,224,529 |
|
| Texas Transportation Commission, Refunding RB, Central Texas Turnpike System, 1st Tier,
Series A,
5.00%, 08/15/41 |
|
|
605 |
|
|
|
648,766 |
|
| Texas Water Development Board, RB, State Water Implementation Fund, Series A, 4.00%, 10/15/45 |
|
|
445 |
|
|
|
457,327 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
53,368,667 |
|
| Utah — 0.4% |
|
| Salt Lake City Corp. Airport Revenue, ARB,
Series A, AMT, 5.00%, 07/01/42 |
|
|
1,095 |
|
|
|
1,225,152 |
|
|
|
|
|
|
|
|
|
|
| Virginia — 0.1% |
|
| County of Fairfax Virginia IDA, Refunding RB, Health Care-Inova Health(b): |
|
|
|
|
|
|
|
|
| 5.50%, 05/15/19 |
|
|
105 |
|
|
|
108,242 |
|
| 5.50%, 05/15/19 |
|
|
195 |
|
|
|
201,100 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
309,342 |
|
| Washington — 2.5% |
|
| Port of Seattle Washington, RB, Intermediate Lien, Series C, AMT, 5.00%, 04/01/40 |
|
|
900 |
|
|
|
984,663 |
|
|
|
|
|
|
|
|
|
|
| Security |
|
Par
(000) |
|
|
Value |
|
| Washington (continued) |
|
| Washington Health Care Facilities Authority, RB: |
|
|
|
|
|
|
|
|
| MultiCare Health System, Remarketing,
Series B, 5.00%, 08/15/44 |
|
$ |
3,000 |
|
|
$ |
3,293,460 |
|
| Providence Health & Services, Series A, 5.00%, 10/01/39 |
|
|
1,000 |
|
|
|
1,042,800 |
|
| Providence Health & Services, Series A, 5.25%, 10/01/39 |
|
|
550 |
|
|
|
576,966 |
|
| Washington Health Care Facilities Authority, Refunding RB, Multicare Health System,
Series B,
4.00%, 08/15/41 |
|
|
1,630 |
|
|
|
1,657,156 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7,555,045 |
|
| West Virginia — 0.8% |
|
| West Virginia Hospital Finance Authority, RB, Improvement West Virginia University Health System Obligated
Group, Series A, 4.00%, 06/01/51 |
|
|
2,625 |
|
|
|
2,607,780 |
|
|
|
|
|
|
|
|
|
|
| Wisconsin — 0.5% |
|
| State of Wisconsin Health & Educational Facilities Authority, RB, Ascension Health Senior Credit
Group, Series E, 5.00%, 11/15/33 |
|
|
1,200 |
|
|
|
1,245,756 |
|
| State of Wisconsin Health & Educational Facilities Authority, Refunding RB, Froedtert Health, Inc.
Obligated Group, 4.00%, 04/01/39 |
|
|
360 |
|
|
|
362,610 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,608,366 |
|
|
|
|
|
|
|
|
|
|
| Total Municipal Bonds — 115.7%
(Cost — $331,985,568) |
|
|
|
352,245,347 |
|
|
|
|
|
|
|
|
|
|
|
| Municipal Bonds Transferred to Tender Option Bond Trusts(d) |
|
|
| Arizona — 0.3% |
|
| City of Phoenix Civic Improvement Corp., Refunding RB, Water System, Junior Lien,
Series A,
5.00%, 07/01/19(b) |
|
|
1,000 |
|
|
|
1,031,210 |
|
|
|
|
|
|
|
|
|
|
| California — 2.4% |
|
| Bay Area Toll Authority, Refunding RB, San Francisco Bay Area Toll Bridge Subordinate, 4.00%, 04/01/47(e) |
|
|
3,391 |
|
|
|
3,529,725 |
|
| Los Angeles California Unified School District, GO, Election of 2008, Series B-1, 5.25%, 07/01/42(e) |
|
|
1,391 |
|
|
|
1,658,343 |
|
|
|
|
| Schedule of Investments (unaudited) (continued)
July 31, 2018 |
|
BlackRock MuniYield Quality Fund II, Inc. (MQT)
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
| Security |
|
Par
(000) |
|
|
Value |
|
| California (continued) |
|
| Los Angeles Community College District California, GO, Refunding, Election of 2008, Series A,
6.00%, 08/01/19(b) |
|
$ |
1,699 |
|
|
$ |
1,777,122 |
|
| San Diego California Community College District, GO, Election of 2002, 5.25%, 08/01/19(b) |
|
|
359 |
|
|
|
372,606 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7,337,796 |
|
| Colorado — 1.3% |
|
| Colorado Health Facilities Authority, Refunding RB, Catholic Health Initiatives, Series A: |
|
|
|
|
|
|
|
|
| 5.50%, 07/01/34(e) |
|
|
780 |
|
|
|
799,948 |
|
| 5.00%, 02/01/41 |
|
|
3,000 |
|
|
|
3,099,450 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,899,398 |
|
| Connecticut — 0.4% |
|
| State of Connecticut Health & Educational Facility Authority, Refunding RB, Trinity Health Credit
Group, 5.00%, 12/01/45 |
|
|
1,231 |
|
|
|
1,373,777 |
|
|
|
|
|
|
|
|
|
|
| District of Columbia — 0.8% |
|
| District of Columbia, RB, Series
A,
5.50%, 12/01/30(e) |
|
|
855 |
|
|
|
896,601 |
|
| District of Columbia Water & Sewer Authority, Refunding RB, Series A, 6.00%, 10/01/18(b)(e) |
|
|
1,579 |
|
|
|
1,590,674 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,487,275 |
|
| Florida — 8.4% |
|
| City of Miami Beach Florida, RB, 5.00%, 09/01/45 |
|
|
2,740 |
|
|
|
3,041,140 |
|
| County of Miami-Dade Florida Expressway Authority, Refunding RB, Series A (AGM),
5.00%, 07/01/35 |
|
|
2,100 |
|
|
|
2,217,243 |
|
| County of Miami-Dade Florida Transit System, Refunding RB, Sales Tax, 5.00%, 07/01/42 |
|
|
1,540 |
|
|
|
1,668,921 |
|
| County of Miami-Dade Florida Water & Sewer System, RB, (AGM), 5.00%, 10/01/20(b) |
|
|
6,901 |
|
|
|
7,383,423 |
|
| County of Orange Florida School Board, COP, Series A (AGC), 5.50%, 08/01/19(b) |
|
|
3,394 |
|
|
|
3,526,030 |
|
| County of Seminole Florida, Refunding RB, Series B (NPFGC), 5.25%, 10/01/31 |
|
|
4,200 |
|
|
|
5,191,032 |
|
|
|
|
|
|
|
|
|
|
| Security |
|
Par
(000) |
|
|
Value |
|
| Florida (continued) |
|
| South Miami Health Facilities Authority, Refunding RB, Baptist Health South Florida,
5.00%, 08/15/47 |
|
$ |
2,340 |
|
|
$ |
2,627,134 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
25,654,923 |
|
| Illinois — 6.3% |
|
| City of Chicago Illinois Waterworks, Refunding RB, Water Revenue Project (AGM), 2nd Lien: |
|
|
|
|
|
|
|
|
| 2017, 5.25%, 11/01/18(b) |
|
|
1,688 |
|
|
|
1,702,415 |
|
| 2017, 5.25%, 11/01/33 |
|
|
490 |
|
|
|
494,062 |
|
| 5.25%, 11/01/18(b) |
|
|
370 |
|
|
|
373,013 |
|
| Regional Transportation Authority, RB, (NPFGC), 6.50%, 07/01/26 |
|
|
10,000 |
|
|
|
12,376,052 |
|
| State of Illinois, RB, Build Illinois, Series B, 5.25%, 06/15/19(b)(e) |
|
|
1,130 |
|
|
|
1,165,707 |
|
| State of Illinois Toll Highway Authority, RB: |
|
|
|
|
|
|
|
|
| Series A, 5.00%, 01/01/38 |
|
|
1,859 |
|
|
|
2,032,205 |
|
| Series B, 5.00%, 01/01/40 |
|
|
930 |
|
|
|
1,033,235 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
19,176,689 |
|
| Louisiana — 0.4% |
|
| County of St. Louisiana Gasoline & Fuels Tax Revenue, Refunding RB, First Lien, Series A,
4.00%, 05/01/41 |
|
|
1,350 |
|
|
|
1,386,922 |
|
|
|
|
|
|
|
|
|
|
| Maryland — 1.3% |
|
| City of Baltimore Maryland Water Utility Fund, RB, Series A: |
|
|
|
|
|
|
|
|
| Sub-Water Projects, 5.00%, 07/01/41 |
|
|
2,478 |
|
|
|
2,809,406 |
|
| Wastewater Project, 5.00%, 07/01/46 |
|
|
939 |
|
|
|
1,063,844 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,873,250 |
|
| Massachusetts — 0.5% |
|
| Commonwealth of Massachusetts, GO, Series A, 5.00%, 03/01/46 |
|
|
1,321 |
|
|
|
1,475,021 |
|
|
|
|
|
|
|
|
|
|
| Michigan — 2.6% |
|
| Michigan Finance Authority, RB, Beaumont Health Credit Group, Series A, 5.00%, 11/01/44 |
|
|
1,750 |
|
|
|
1,918,168 |
|
| Michigan Finance Authority, Refunding RB, Hospital, Trinity Health Credit Group,
5.00%, 12/01/39 |
|
|
4,685 |
|
|
|
5,096,999 |
|
|
|
|
| Schedule of Investments (unaudited) (continued)
July 31, 2018 |
|
BlackRock MuniYield Quality Fund II, Inc. (MQT)
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
| Security |
|
Par
(000) |
|
|
Value |
|
| Michigan (continued) |
|
| Michigan State Building Authority, Refunding RB, Facilities Program, Series I, 5.00%, 10/15/45 |
|
$ |
760 |
|
|
$ |
848,563 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7,863,730 |
|
| Nevada — 3.8% |
|
| City of Las Vegas Nevada, GO, Limited Tax, Performing Arts Center, 6.00%, 04/01/19(b)(e) |
|
|
3,298 |
|
|
|
3,394,785 |
|
| County of Clark Nevada, GOL, Stadium Improvement, Series A, 5.00%, 06/01/38 |
|
|
2,716 |
|
|
|
3,123,738 |
|
| County of Clark Nevada Water Reclamation District, GO, Series B, 5.75%, 07/01/19(b) |
|
|
1,574 |
|
|
|
1,635,079 |
|
| Las Vegas Valley Water District Nevada, GO, Refunding, Water Improvement, Series A,
5.00%, 06/01/46 |
|
|
3,080 |
|
|
|
3,468,010 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
11,621,612 |
|
| New Jersey — 2.2% |
|
| County of Hudson New Jersey Improvement Authority, RB, Hudson County Vocational-Technical Schools Project,
5.25%, 05/01/51 |
|
|
720 |
|
|
|
813,678 |
|
| New Jersey State Turnpike Authority, Refunding RB: |
|
|
|
|
|
|
|
|
| Series B, 4.00%, 01/01/37 |
|
|
2,054 |
|
|
|
2,153,835 |
|
| Series G, 4.00%, 01/01/43 |
|
|
1,906 |
|
|
|
1,983,487 |
|
| New Jersey Transportation Trust Fund Authority, RB, Transportation System, Series B, 5.25%, 06/15/36(e) |
|
|
1,580 |
|
|
|
1,647,712 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6,598,712 |
|
| New York — 7.9% |
|
| City of New York Water & Sewer System, Refunding RB: |
|
|
|
|
|
|
|
|
| 2nd General Resolution, Series FF, 5.00%, 06/15/39 |
|
|
2,595 |
|
|
|
2,904,229 |
|
| Series DD, 5.00%, 06/15/35 |
|
|
1,470 |
|
|
|
1,659,321 |
|
| City of New York New York Transitional Finance Authority, RB, Future Tax, Sub-Series A-3,
5.00%, 08/01/40(e) |
|
|
2,714 |
|
|
|
3,095,172 |
|
| City of New York Transitional Finance Authority, BARB, Series S-1, 4.00%, 07/15/42(e) |
|
|
1,500 |
|
|
|
1,529,110 |
|
| City of New York Water & Sewer System, Refunding RB, 2nd General Resolution, Fiscal 2013, Series CC,
5.00%, 06/15/47 |
|
|
4,920 |
|
|
|
5,503,095 |
|
|
|
|
|
|
|
|
|
|
| Security |
|
Par
(000) |
|
|
Value |
|
| New York (continued) |
|
| Metropolitan Transportation Authority, RB, Transportation, Sub-Series D-1, 5.25%, 11/15/44 |
|
$ |
3,080 |
|
|
$ |
3,493,521 |
|
| Metropolitan Transportation Authority, Refunding RB, Series C-1, 5.25%, 11/15/56 |
|
|
1,338 |
|
|
|
1,509,583 |
|
| Port Authority of New York & New Jersey, Refunding ARB, Consolidated, 198th Series,
5.25%, 11/15/56 |
|
|
2,001 |
|
|
|
2,304,815 |
|
| State of New York Dormitory Authority, ERB,
Series B, 5.75%, 03/15/19(b) |
|
|
996 |
|
|
|
1,022,153 |
|
| Triborough Bridge & Tunnel Authority, RB, General, Series A-2: |
|
|
|
|
|
|
|
|
| 5.25%, 11/15/18(b) |
|
|
449 |
|
|
|
454,040 |
|
| 5.25%, 11/15/34 |
|
|
751 |
|
|
|
759,322 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
24,234,361 |
|
| Ohio — 1.7% |
|
| Northeast Ohio Regional Sewer District, Refunding RB: |
|
|
|
|
|
|
|
|
| 4.00%, 11/15/49(e) |
|
|
1,875 |
|
|
|
1,912,537 |
|
| 4.00%, 11/15/43 |
|
|
2,581 |
|
|
|
2,696,134 |
|
| State of Ohio, RB, Cleveland Clinic Health Obligated Group, Series B, 5.50%, 01/01/34 |
|
|
500 |
|
|
|
508,530 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5,117,201 |
|
| Pennsylvania — 0.3% |
|
| County of Westmoreland Pennsylvania Municipal Authority, Refunding RB, (BAM), 5.00%, 08/15/42 |
|
|
800 |
|
|
|
887,944 |
|
|
|
|
|
|
|
|
|
|
| South Carolina — 0.4% |
|
| South Carolina Public Service Authority, Refunding RB, Series A(b)(e): |
|
|
|
|
|
|
|
|
| 5.50%, 01/01/19 |
|
|
90 |
|
|
|
91,169 |
|
| 5.50%, 01/01/19 |
|
|
1,037 |
|
|
|
1,054,169 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,145,338 |
|
| Texas — 4.6% |
|
| City of Houston Texas Community College, GO, Limited Tax, 4.00%, 02/15/43 |
|
|
1,305 |
|
|
|
1,328,842 |
|
| County of Harris Texas Cultural Education Facilities Finance Corp., RB, Texas Children’s Hospital
Project, 5.50%, 10/01/39 |
|
|
4,000 |
|
|
|
4,174,700 |
|
| County of Harris Texas Toll Road Authority, Refunding RB, Senior Lien, Series A,
5.00%, 08/15/43 |
|
|
1,094 |
|
|
|
1,248,669 |
|
|
|
|
| Schedule of Investments (unaudited) (continued)
July 31, 2018 |
|
BlackRock MuniYield Quality Fund II, Inc. (MQT)
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
| Security |
|
Par
(000) |
|
|
Value |
|
| Texas (continued) |
|
| County of Tarrant Texas Cultural Education Facilities Finance Corp., Refunding RB, Texas Health Resources
System, Series A, 5.00%, 02/15/41 |
|
$ |
3,080 |
|
|
$ |
3,440,006 |
|
| Dallas Fort Worth International Airport, ARB,
Series H, AMT, 5.00%, 11/01/37(e) |
|
|
1,996 |
|
|
|
2,137,693 |
|
| San Antonio Public Facilities Corp., Refunding RB, Convention Center Refinancing And Expansion Project,
4.00%, 09/15/42 |
|
|
1,649 |
|
|
|
1,674,361 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
14,004,271 |
|
| Utah — 1.7% |
|
| County of Utah Utah, RB, IHC Health Services, Inc., Series B, 4.00%, 05/15/47 |
|
|
5,135 |
|
|
|
5,210,021 |
|
|
|
|
|
|
|
|
|
|
| Virginia — 0.8% |
|
| Hampton Roads Transportation Accountability Commission, RB, Transportation Fund, Senior Lien, Series A,
5.50%, 07/01/57 |
|
|
1,962 |
|
|
|
2,332,255 |
|
|
|
|
|
|
|
|
|
|
| Washington — 1.8% |
|
| Metropolitan Washington Airports Authority, Refunding ARB, Series A, AMT, 5.00%, 10/01/30 |
|
|
2,190 |
|
|
|
2,395,652 |
|
|
|
|
|
|
|
|
|
|
| Security |
|
Par
(000) |
|
|
Value |
|
| Washington (continued) |
|
| Washington Health Care Facilities Authority, Refunding RB, Seattle Children’s Hospital, Series B,
5.00%, 10/01/38 |
|
$ |
2,565 |
|
|
$ |
2,973,425 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5,369,077 |
|
| Wisconsin — 1.8% |
|
| Wisconsin Health & Educational Facilities Authority, Refunding RB, Froedtert & Community
Health, Inc., Obligated Group: |
|
|
|
|
|
|
|
|
| Series A, 5.00%, 04/01/42 |
|
|
1,920 |
|
|
|
2,055,081 |
|
| Series C, 5.25%, 04/01/19(b)(e) |
|
|
3,250 |
|
|
|
3,331,199 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5,386,280 |
|
|
|
|
|
|
|
|
|
|
| Total Municipal Bonds Transferred to Tender Option Bond Trusts — 51.7%
(Cost —
$152,236,377) |
|
|
|
157,467,063 |
|
|
|
|
|
|
|
|
|
|
| Total Long-Term Investments — 167.4%
(Cost — $484,221,945) |
|
|
|
509,712,410 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Shares |
|
|
|
|
| Short-Term Securities — 0.7% |
|
| BlackRock Liquidity Funds, MuniCash, |
|
|
|
|
|
|
|
|
| Institutional Class,
0.85%(f)(g) |
|
|
1,958,222 |
|
|
|
1,958,613 |
|
|
|
|
|
|
|
|
|
|
| Total Short-Term Securities — 0.7%
(Cost — $1,958,423) |
|
|
|
|
|
|
1,958,613 |
|
|
|
|
|
|
|
|
|
|
|
|
| Total Investments — 168.1%
(Cost — $486,180,368) |
|
|
|
511,671,023 |
|
| Other Assets Less Liabilities — 0.4% |
|
|
|
1,283,102 |
|
| Liability for TOB Trust Certificates, Including
Interest Expense and Fees Payable —
(30.2)% |
|
|
|
(92,109,978 |
) |
| VMTP Shares, at Liquidation Value, Net of Deferred
Offering Costs — (38.3)% |
|
|
|
(116,500,000 |
) |
|
|
|
|
|
|
|
|
|
| Net Assets Applicable to Common Shares — 100.0% |
|
|
$ |
304,344,147 |
|
|
|
|
|
|
|
|
|
|
| (a) |
Step-up bond that pays an initial coupon rate for the first period and then a higher coupon rate for the following
periods. Rate as of period end. |
| (b) |
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. |
| (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 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 October 1, 2018 to January 1, 2038, is $16,682,849. |
| (f) |
Annualized 7-day yield as of period end. |
|
|
|
| Schedule of Investments (unaudited) (continued)
July 31, 2018 |
|
BlackRock MuniYield Quality Fund II, Inc. (MQT) |
| (g) |
During the period ended July 31, 2018, investments in issuers considered to be an affiliate of the Fund for purposes
of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Affiliated |
|
Shares
Held at
04/30/18 |
|
|
Net
Activity |
|
|
Shares
Held at
07/31/18 |
|
|
Value at
07/31/18 |
|
|
Income |
|
|
Net
Realized
Gain (Loss) (a) |
|
|
Change in
Unrealized
Appreciation
(Depreciation) |
|
| BlackRock Liquidity Funds, MuniCash, Institutional Class |
|
|
— |
|
|
|
1,958,222 |
|
|
|
1,958,222 |
|
|
$ |
1,958,613 |
|
|
$ |
4,426 |
|
|
$ |
313 |
|
|
$ |
190 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
(a) |
Includes net capital gain distributions, if applicable. |
|
Portfolio Abbreviations
|
|
|
| AGC |
|
Assured Guarantee Corp. |
| AGM |
|
Assured Guaranty Municipal Corp. |
| AMBAC |
|
American Municipal Bond Assurance Corp. |
| AMT |
|
Alternative Minimum Tax (subject to) |
| ARB |
|
Airport Revenue Bonds |
| BAM |
|
Build America Mutual Assurance Co. |
| BARB |
|
Building Aid Revenue Bonds |
| CAB |
|
Capital Appreciation Bonds |
| COP |
|
Certificates of Participation |
| EDA |
|
Economic Development Authority |
| ERB |
|
Education Revenue Bonds |
| GARB |
|
General Airport Revenue Bonds |
| GO |
|
General Obligation Bonds |
| HFA |
|
Housing Finance Agency |
| IDA |
|
Industrial Development Authority |
| ISD |
|
Independent School District |
| M/F |
|
Multi-Family |
| NPFGC |
|
National Public Finance Guarantee Corp. |
| PSF-GTD |
|
Permanent School Fund Guaranteed |
| RB |
|
Revenue Bonds |
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 |
|
|
46 |
|
|
|
09/19/18 |
|
|
$ |
5,493 |
|
|
$ |
17,438 |
|
| Long U.S. Treasury Bond |
|
|
111 |
|
|
|
09/19/18 |
|
|
|
15,870 |
|
|
|
16,156 |
|
| 5-Year U.S. Treasury Note |
|
|
43 |
|
|
|
09/28/18 |
|
|
|
4,864 |
|
|
|
10,501 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
44,095 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Schedule of Investments (unaudited) (continued)
July 31, 2018 |
|
BlackRock MuniYield Quality Fund II, Inc. (MQT) |
Fair Value Hierarchy as of Period End
Various inputs are used in determining the fair value of investments and derivative 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 each 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) |
| |
• |
|
Level 3 — Unobservable inputs based on the best information available in the circumstances, to the extent observable
inputs are not available (including each Fund’s own assumptions used in determining the fair value of investments and derivative 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 BlackRock Global Valuation Methodologies Committee (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. Level 3 investments may also be adjusted to reflect illiquidity and/or non-transferability, with the amount of such
discount estimated by the Global Valuation Committee in the absence of market information.
Changes in valuation techniques may result in transfers into or out of an
assigned level within the hierarchy. In accordance with each Fund’s policy, transfers between different levels of the fair value hierarchy are deemed to have occurred as of the beginning of the reporting period. The categorization of a value
determined for investments and derivative financial instruments is based on the pricing transparency of the investments and derivative 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 investments and derivative financial instruments, refer to the Fund’s most recent financial statements as contained in its annual report.
The following tables summarize the Fund’s investments and derivative financial instruments categorized in the disclosure hierarchy:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
|
Total |
|
| Assets: |
|
| Investments: |
|
| Long-Term Investments (a) |
|
$ |
— |
|
|
$ |
509,712,410 |
|
|
$ |
— |
|
|
$ |
509,712,410 |
|
| Short-Term Securities |
|
|
1,958,613 |
|
|
|
— |
|
|
|
— |
|
|
|
1,958,613 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
1,958,613 |
|
|
$ |
509,712,410 |
|
|
$ |
— |
|
|
$ |
511,671,023 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Derivative Financial Instruments
(b) |
|
| Liabilities: |
|
| Interest rate contracts |
|
$ |
44,095 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
44,095 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
(a) |
See above Schedule of Investments for values in each state or political subdivision. |
|
| |
(b) |
Derivative financial instruments are futures contracts which 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 statement
purposes. As of period end, such assets and/or liabilities are categorized within the disclosure hierarchy as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
|
Total |
|
| Liabilities: |
|
| TOB Trust Certificates |
|
$ |
— |
|
|
$ |
(91,872,387 |
) |
|
$ |
— |
|
|
$ |
(91,872,387 |
) |
| VMTP Shares at Liquidation Value |
|
|
— |
|
|
|
(116,500,000 |
) |
|
|
— |
|
|
|
(116,500,000 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
— |
|
|
$ |
(208,372,387 |
) |
|
$ |
— |
|
|
$ |
(208,372,387 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
During the period ended July 31, 2018, there were no transfers between levels.
| Item 2 – |
Controls and Procedures |
| 2(a) – |
The registrant’s principal executive and principal financial officers, or persons performing similar
functions, have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the “1940 Act”)) are
effective as of a date within 90 days of the filing of this report based on the evaluation of these controls and procedures required by Rule 30a-3(b) under the 1940 Act and Rule 13a-15(b) under the Securities
Exchange Act of 1934, as amended. |
| 2(b) – |
There were no changes in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act) that occurred during the registrant’s last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrant’s internal control over
financial reporting. |
| |
Certifications – Attached hereto |
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the
registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
BlackRock MuniYield Quality Fund II,
Inc.
|
|
|
| By: |
|
/s/ John M. Perlowski |
|
|
John M. Perlowski |
|
|
Chief Executive Officer (principal executive officer) of |
|
|
BlackRock MuniYield Quality Fund II, Inc. |
|
|
| Date: |
|
September 20, 2018 |
Pursuant to the requirements of the Securities
Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
|
|
|
| By: |
|
/s/ John M. Perlowski |
|
|
John M. Perlowski |
|
|
Chief Executive Officer (principal executive officer) of |
|
|
BlackRock MuniYield Quality Fund II, Inc. |
|
|
| Date: |
|
September 20, 2018 |
|
|
| By: |
|
/s/ Neal J. Andrews |
|
|
Neal J. Andrews |
|
|
Chief Financial Officer (principal financial officer) of |
|
|
BlackRock MuniYield Quality Fund II, Inc. |
|
|
| Date: |
|
September 20, 2018 |