NPORT-EX 2 NPORT_2766102576423277.htm EX-MIY

Schedule of Investments  (unaudited) 

October 31, 2020

   

BlackRock MuniYield Michigan Quality Fund, Inc. (MIY)

(Percentages shown are based on Net Assets)

 

Security  

Par

(000)

     Value  

Municipal Bonds

 

Michigan — 135.8%

 

Corporate — 3.5%  

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

   $ 14,500     $ 16,233,620  
   

 

 

  
County/City/Special District/School District — 27.5%  

Anchor Bay School District, Refunding GO(a) (Q-SBLF), 4.38%, 05/01/21

     1,600       1,632,944  

(Q-SBLF), 4.50%, 05/01/21

     1,505       1,536,921  

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

     1,170       1,391,469  

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

     2,965       3,438,866  

Byron Center Public Schools, GO

    

Series I, (Q-SBLF), 5.00%, 05/01/43

     4,475       5,299,161  

Series I, (Q-SBLF), 5.00%, 05/01/47

     740       867,206  

Columbia School District, GO, (Q-SBLF), 5.00%, 05/01/38

     5,185       5,751,046  

Comstock Park Public Schools, GO, Series B, (Q-SBLF), 5.50%, 05/01/21(a)

    3,385       3,473,518  

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

     2,000       2,234,900  

Dearborn Brownfield Redevelopment Authority, GO, Series A, (AGC), 5.50%, 05/01/39

     5,300       5,319,027  

Dearborn School District, GO

    

Series A, (Q-SBLF), 5.00%, 05/01/32

     1,500       1,683,420  

Series A, (Q-SBLF), 5.00%, 05/01/33

     1,600       1,793,840  

Series A, (Q-SBLF), 5.00%, 05/01/34

     1,200       1,344,060  

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

     1,140       1,330,517  

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

     1,000       1,185,530  

Farmington Public School District, Refunding GO (AGM), 5.00%, 05/01/33

     1,500       1,774,635  

(AGM), 5.00%, 05/01/34

     1,500       1,770,435  

(AGM), 5.00%, 05/01/35

     1,000       1,177,330  

Fraser Public School District, Refunding GO (Q-SBLF), 5.00%, 05/01/43

     2,000       2,367,600  

(Q-SBLF), 5.00%, 05/01/47

     3,225       3,778,152  

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

     750       930,158  

Goodrich Area School District, GO, (Q-SBLF), 5.50%, 05/01/21(a)

    4,035       4,136,953  

Grandville Public Schools, GO

    

Series I, (AGM), 4.00%, 05/01/38

     910       1,076,275  

Series II, (AGM), 5.00%, 05/01/40

     3,250       3,762,427  

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

     4,000       4,857,840  

Hudsonville Public Schools, GO

    

Series I, (Q-SBLF), 4.00%, 05/01/43

     1,875       2,184,338  

Series I, (Q-SBLF), 4.00%, 05/01/44

     1,950       2,265,218  

Series I, (Q-SBLF), 4.00%, 05/01/45

     2,040       2,363,952  

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

     4,000       4,889,640  

Kentwood Public Schools, GO

    

5.00%, 05/01/41

     1,120       1,315,899  

5.00%, 05/01/44

     1,815       2,120,519  

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

    5,000       5,589,750  
Security  

Par

(000)

     Value  
County/City/Special District/School District (continued)  

Mattawan Consolidated School District, GO, Series I, (Q-SBLF), 5.00%, 05/01/39

   $ 3,375     $ 3,885,941  

Michigan Finance Authority, RB

    

5.00%, 11/01/34

     215       260,769  

5.00%, 11/01/38

     2,500       2,990,350  

5.00%, 11/01/43

     4,000       4,737,320  

Series H-1, 5.00%, 10/01/24(a)

    5,400       6,182,298  

Mona Shores Public Schools, GO

    

Series I, (Q-SBLF), 5.00%, 05/01/42

     1,000       1,249,880  

Series I, (Q-SBLF), 5.00%, 05/01/43

     1,025       1,277,929  

Series I, (Q-SBLF), 5.00%, 05/01/44

     1,525       1,896,444  

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

     4,270       5,248,855  

Troy School District, GO, (Q-SBLF), 5.00%, 05/01/28

     2,000       2,253,880  

Walled Lake Consolidated School District, GO (Q-SBLF), 5.00%, 05/01/37

     2,850       3,179,089  

(Q-SBLF), 5.00%, 05/01/40

     2,630       2,924,613  

(Q-SBLF), 5.00%, 05/01/43

     1,530       1,697,581  

Zeeland Public Schools, GO

    

Series A, (AGM), 5.00%, 05/01/25(a)

    2,000       2,414,560  

Series A, (AGM), 5.00%, 05/01/33

     1,000       1,169,220  
   

 

 

  
      126,012,275  
Education — 27.2%  

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

     1,600       1,919,424  

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

     3,750       4,321,312  

Michigan Finance Authority, Refunding RB

    

4.00%, 02/01/29

     700       716,590  

5.00%, 02/01/33

     830       892,217  

4.00%, 12/01/33

     1,720       1,767,094  

5.00%, 12/01/36

     1,550       1,648,022  

5.00%, 12/01/40

     2,900       3,054,222  

5.00%, 12/01/45

     4,400       4,564,560  

Series 25-A, AMT, 4.00%, 11/01/29

     5,900       6,169,158  

Series 25-A, AMT, 4.00%, 11/01/30

     2,850       2,978,221  

Series 25-A, AMT, 4.00%, 11/01/31

     3,150       3,285,891  

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

     10,000       11,092,300  

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

     1,800       2,040,552  

Oakland University, RB

    

5.00%, 03/01/32

     400       419,140  

5.00%, 03/01/41

     3,635       4,208,821  

Series A, 5.00%, 03/01/38

     5,490       5,890,276  

Series A, 5.00%, 03/01/43

     16,845       17,969,909  

University of Michigan, RB, Series A, 5.00%, 04/01/39

     3,425       3,894,636  

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

     13,000       14,446,250  

Western Michigan University, Refunding RB

    

(AGM), 5.25%, 11/15/33

     1,000       1,118,990  

(AGM), 5.00%, 11/15/39

     1,750       1,929,428  

5.25%, 11/15/40

     3,500       3,643,045  

5.25%, 11/15/43

     8,475       9,393,351  

5.00%, 11/15/44

     5,650       6,854,749  

5.00%, 11/15/49

     8,680       10,433,534  
   

 

 

  
      124,651,692  
Health — 32.5%  

Grand Traverse County Hospital Finance Authority, RB

    

Series A, 5.00%, 07/01/44

     4,230       4,715,477  

Series A, 5.00%, 07/01/47

     2,200       2,435,664  
 

 

 

SCHEDULE OF INVESTMENTS

   1

Schedule of Investments  (unaudited) (continued)

October 31, 2020

   

BlackRock MuniYield Michigan Quality Fund, Inc. (MIY)

(Percentages shown are based on Net Assets)

 

Security  

Par

(000)

     Value  
Health (continued)  

Series A, 5.00%, 07/01/49

   $ 2,610     $ 3,069,386  

Series B, 4.00%, 07/01/49

     2,000       2,194,140  

Kalamazoo Economic Development Corp., Refunding RB

    

5.00%, 05/15/32

     920       1,006,802  

5.00%, 05/15/42

     425       448,052  

Kent Hospital Finance Authority, Refunding RB, Series A, 5.00%, 11/15/21(a)

    7,500       7,869,600  

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

     2,335       2,461,790  

Michigan Finance Authority Refunding RB

    

5.00%, 06/01/26(a)

    290       362,584  

5.00%, 12/01/45

     19,445       22,453,336  

Michigan Finance Authority, RB

    

5.00%, 11/15/36

     2,500       2,687,250  

4.00%, 11/01/46

     1,025       1,092,486  

Michigan Finance Authority, Refunding RB

    

5.00%, 12/01/21(a)

    16,500       17,348,334  

5.00%, 06/01/24(a)

    1,500       1,751,055  

5.00%, 05/15/32

     1,000       1,174,380  

5.00%, 11/01/32

     4,000       4,331,480  

5.00%, 05/15/33

     2,000       2,337,820  

5.00%, 05/15/34

     6,500       7,549,425  

5.00%, 05/15/35

     4,945       5,709,695  

5.00%, 11/15/37

     3,000       3,533,010  

5.00%, 11/15/41

     1,000       1,163,240  

5.00%, 11/15/45

     3,750       4,174,425  

4.00%, 11/15/46

     8,500       9,143,195  

Michigan State Hospital Finance Authority, Refunding RB

    

Series A, 5.00%, 06/01/35

     2,250       2,393,438  

Series C, 4.00%, 12/01/32

     5,300       5,578,250  

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

     1,220       1,280,048  

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

     27,365       30,467,917  
   

 

 

  
      148,732,279  
Housing — 6.8%  

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

    

Series A, 4.45%, 10/01/34

     1,000       1,068,360  

Series A, 4.63%, 10/01/39

     3,490       3,688,197  

Series A, 4.30%, 10/01/40

     3,320       3,602,864  

Series A, 4.00%, 10/01/43

     7,420       8,076,077  

Series A, 4.75%, 10/01/44

     5,000       5,250,600  

AMT, (GNMA), 4.75%, 04/20/37

     2,970       2,972,643  

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

    

Series A, 4.00%, 12/01/44

     4,000       4,311,880  

Series C, 4.13%, 12/01/38

     1,915       2,002,209  
   

 

 

  
      30,972,830  
State — 18.3%  

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

     4,950       5,139,189  

Michigan Finance Authority, RB Series F, 5.00%, 04/01/31

     1,000       1,040,750  
Security  

Par

(000)

     Value  
State (continued)  

Series F, 5.25%, 10/01/41

   $ 8,595     $ 8,923,501  

Michigan State Building Authority, Refunding RB Series I, 5.00%, 04/15/41

     4,750       5,903,015  

Series I-A, 5.50%, 10/15/21(a)

    2,000       2,100,160  

Michigan Strategic Fund, RB

    

Series A, 5.25%, 10/15/40

     3,000       3,551,820  

AMT, (AGM), 4.25%, 12/31/38

     14,000       15,411,340  

AMT, 5.00%, 12/31/43

     15,000       17,087,550  

Michigan Strategic Fund, Refunding RB, 5.25%, 10/15/31

     7,000       7,314,930  

State of Michigan Trunk Line Revenue, RB

    

5.00%, 11/15/33

     3,000       3,139,410  

5.00%, 11/15/36

     5,345       5,584,670  

Series B, 4.00%, 11/15/45

     5,000       5,887,750  

State of Michigan, COP, (AMBAC),
0.00%, 06/01/22(b)(c)

    3,000       2,973,570  
   

 

 

  
      84,057,655  
Tobacco — 1.6%  

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

     1,250       1,415,112  

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

    50,000       5,657,000  
   

 

 

  
      7,072,112  
Transportation — 6.0%  

Wayne County Airport Authority, ARB

    

Series A, 5.00%, 12/01/42

     1,000       1,163,890  

Series D, 5.00%, 12/01/35

     3,850       4,461,804  

Series D, 5.00%, 12/01/45

     7,500       8,431,725  

Series B, AMT, 5.00%, 12/01/42

     1,000       1,145,660  

Series B, AMT, 5.00%, 12/01/47

     1,250       1,423,675  

Series C, AMT, 5.00%, 12/01/39

     1,475       1,639,831  

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

     8,000       9,164,320  
   

 

 

  
      27,430,905  
Utilities — 12.4%  

City of Detroit Michigan Sewage Disposal System Revenue, Refunding RB, Series A, Senior Lien, 5.25%, 07/01/22(a)

     2,655       2,875,604  

City of Detroit Michigan Water Supply System Revenue, RB

    

Series A, Senior Lien, 5.25%, 07/01/21(a)

    4,325       4,468,893  

Series A, Senior Lien, (NPFGC), 5.00%, 07/01/34

     10       10,033  

City of Grand Rapids Michigan Sanitary Sewer System Revenue, Refunding RB, Series A, (NPFGC), 5.50%, 01/01/22

     550       569,338  

City of Holland Michigan Electric Revenue, RB, Series A, 5.00%, 07/01/39

     10,000       10,284,000  

City of Port Huron Michigan Water Supply System Revenue, RB

    

5.25%, 10/01/31

     500       519,805  

5.63%, 10/01/40

     1,500       1,558,185  

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

     1,000       1,181,070  

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

     10,000       11,574,000  
 

 

 

2  

Schedule of Investments  (unaudited) (continued)

October 31, 2020

   

BlackRock MuniYield Michigan Quality Fund, Inc. (MIY)

(Percentages shown are based on Net Assets)

 

Security  

Par

(000)

     Value  
Utilities (continued)  

Karegnondi Water Authority, Refunding RB

    

5.00%, 11/01/41

   $ 2,750     $ 3,270,685  

5.00%, 11/01/45

     3,000       3,538,290  

Lansing Board of Water & Light, RB, Series A, 5.00%, 07/01/21(a)

    3,180       3,280,552  

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

     2,000       2,349,240  

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

     750       879,045  

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

     1,000       1,146,850  

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

     5,250       6,011,722  

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

     3,000       3,430,020  
   

 

 

  
      56,947,332  
   

 

 

  

Total Municipal Bonds in Michigan

 

     622,110,700  

Puerto Rico — 4.3%

    
State — 4.3%            

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

    

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

     534       559,814  

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

     825       877,420  

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

     1,109       1,141,527  

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

     103       108,139  

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

     616       646,110  

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

     7,451       7,923,617  

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

     5,880       6,050,461  

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

     597       626,438  

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

    6,295       1,810,190  
   

 

 

  

Total Municipal Bonds in Puerto Rico

 

     19,743,716  
   

 

 

  

Total Municipal Bonds — 140.1%
(Cost: $600,256,311)

 

     641,854,416  
   

 

 

  

Municipal Bonds Transferred to Tender Option Bond Trusts(d)

 

Michigan — 17.3%

    
Education — 10.8%            

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

     10,000       10,895,200  

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

     8,750       9,154,686  

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

    5,750       7,012,698  

University of Michigan, Refunding RB, 5.00%, 04/01/46 .

     10,000       11,816,402  

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

    8,530       10,363,265  
   

 

 

  
      49,242,251  
Health — 2.5%            

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

     10,002       11,332,035  

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

    190       199,779  
   

 

 

  
      11,531,814  
Security  

Par

(000)

     Value  
State — 1.3%  

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

   $ 5,150     $ 6,011,132  
   

 

 

  

Utilities — 2.7%

 

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

     10,000       12,490,798  
   

 

 

  

Total Municipal Bonds in Michigan

 

     79,275,995  
   

 

 

  

Total Municipal Bonds Transferred to Tender Option Bond Trusts — 17.3%
(Cost: $73,831,481)

 

     79,275,995  
   

 

 

  

Total Long-Term Investments — 157.4%
(Cost: $674,087,792)

 

     721,130,411  
   

 

 

  
     Shares         
Short-Term Securities  

Money Market Funds — 0.3%

 

BlackRock Liquidity Funds, MuniCash, Institutional Class, 0.01%(f)(g)

    1,514,209       1,514,361  
   

 

 

  

Total Short-Term Securities — 0.3%
(Cost: $1,513,309)

 

     1,514,361  
   

 

 

  

Total Investments — 157.7%
(Cost: $675,601,101)

 

     722,644,772  

Other Assets Less Liabilities — 1.8%

 

     8,568,389  

Liability for TOB Trust Certificates, Including Interest Expense and Fees Payable — (9.0)%

 

     (41,380,599 ) 

VRDP Shares at Liquidation Value, Net of Deferred Offering Costs — (50.5)%

 

     (231,497,674 ) 
   

 

 

  

Net Assets Applicable to Common Shares — 100.0%

 

   $ 458,334,888  
   

 

 

  

 

(a) 

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

(b) 

Security is collateralized by municipal bonds or U.S. Treasury obligations.

(c) 

Zero-coupon bond.

(d) 

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

(e) 

All or a portion of the security is subject to a recourse agreement. The aggregate maximum potential amount the Fund could ultimately be required to pay under the agreements, which expire between November 15, 2026 to February 15, 2027, is $9,881,917.

(f) 

Affiliate of the Fund.

(g) 

Annualized 7-day yield as of period end.

 

 

 

SCHEDULE OF INVESTMENTS

   3

Schedule of Investments  (unaudited) (continued)

October 31, 2020

   

BlackRock MuniYield Michigan Quality Fund, Inc. (MIY)

 

Affiliates

Investments in issuers considered to be affiliate(s) of the Fund during the period ended October 31, 2020 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

 

Affiliated Issuer   

Value at

07/31/20

     

Purchases

at Cost

     

Proceeds

from Sales

     

Net

Realized

Gain (Loss)

     

Change in

Unrealized

Appreciation

(Depreciation)

     

Value at

10/31/20

     

Shares

Held at

10/31/20

      Income     

Capital Gain

Distributions

from

Underlying

Funds

  

BlackRock Liquidity Funds, MuniCash, Institutional Class

    $  3,877,972      $  —      $ (2,363,438 )(a)     $ 230      $ (403 )     $ 1,514,361        1,514,209      $ 84      $ —  
           

 

 

     

 

 

     

 

 

        

 

 

     

 

 

  

 

  (a)

Represents net amount purchased (sold).

 

For Fund compliance purposes, the Fund’s sector classifications refer to one or more of the sector sub-classifications used by one or more widely recognized market indexes or rating group indexes, and/or as defined by the investment adviser. These definitions may not apply for purposes of this report, which may combine such sector sub-classifications for reporting ease.

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)

 

  •  

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 investments categorized in the disclosure hierarchy. The breakdown of the Fund’s investments 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

    $ —        $ 641,854,416        $ —        $ 641,854,416  

Municipal Bonds Transferred to Tender Option Bond Trusts

      —          79,275,995          —          79,275,995  

Short-Term Securities

                  

Money Market Funds

      1,514,361          —          —          1,514,361  
  

 

 

       

 

 

       

 

 

       

 

 

  
   $ 1,514,361        $ 721,130,411        $ —        $ 722,644,772  
  

 

 

       

 

 

       

 

 

       

 

 

  

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 disclosure hierarchy as follows:

 

      Level 1        Level 2        Level 3        Total  

Liabilities

                  

TOB Trust Certificates

    $ —        $ (41,362,055 )       $ —        $ (41,362,055 ) 

VRDP Shares at Liquidation Value

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

 

 

       

 

 

       

 

 

       

 

 

  
   $ —        $ (273,262,055 )       $ —        $ (273,262,055 ) 
  

 

 

       

 

 

       

 

 

       

 

 

  

 

 

4  

Schedule of Investments  (unaudited) (continued)

October 31, 2020

   

BlackRock MuniYield Michigan Quality Fund, Inc. (MIY)

 

Portfolio Abbreviation
AGC    Assured Guaranty Corp.
AGM    Assured Guaranty Municipal Corp.
AMBAC    AMBAC Assurance Corp.
AMT    Alternative Minimum Tax
ARB    Airport Revenue Bonds
CAB    Capital Appreciation Bonds
COP    Certificates of Participation
GNMA    Government National Mortgage Association
GO    General Obligation Bonds
M/F    Multi-Family
NPFGC    National Public Finance Guarantee Corp.
Q-SBLF    Qualified School Bond Loan Fund
RB    Revenue Bond
S/F    Single-Family

 

 

SCHEDULE OF INVESTMENTS

   5