NPORT-EX 2 NPORT_8956_63725391_0423.htm BlackRock MuniYield Pennsylvania Quality Fund

Schedule of Investments (unaudited)

April 30, 2023

   

BlackRock MuniYield Pennsylvania Quality Fund (MPA)

(Percentages shown are based on Net Assets)

 

Security  

Par

(000)

     Value  

Municipal Bonds

    
Pennsylvania — 125.2%            
Corporate — 2.5%            

Lehigh County Industrial Development Authority, Refunding RB, Series A, 3.00%, 09/01/29

   $     1,900     $     1,872,849  

Montgomery County Industrial Development Authority, Refunding RB, 4.10%, 04/01/53(a)

    855       864,024  

Pennsylvania Economic Development Financing Authority, RB, Series A, AMT, 3.25%, 08/01/39(b)

    1,950       1,378,632  

Pennsylvania Economic Development Financing Authority, Refunding RB, AMT, 5.50%, 11/01/44

     135       135,121  
   

 

 

  
      4,250,626  
County/City/Special District/School District — 28.2%  

Altoona Area School District, GO, Series A, AMT, (AGM), 5.00%, 12/01/36

     1,180       1,233,296  

Bethlehem Area School District, GO

    

Series A, AMT, (BAM SAW), 5.00%, 08/01/34

     1,610       1,679,140  

Series A, AMT, (BAM SAW), 5.00%, 08/01/35

     1,210       1,261,996  

Borough of West Chester Pennsylvania, Refunding GO, 3.50%, 11/15/35

     1,095       1,104,511  

Boyertown Area School District, GO

    

(SAW), 5.00%, 10/01/36

     610       622,334  

(SAW), 5.00%, 10/01/38

     920       938,614  

Boyertown Area School District, Refunding GO, (SAW), 5.00%, 10/01/40

     145       158,663  

Bristol Township School District, GO (SAW), 5.00%, 06/01/40

     775       776,131  

(BAM SAW), 5.00%, 06/01/42

     1,685       1,759,824  

Chester County Industrial Development Authority, SAB(b)

    

4.25%, 03/01/35

     715       620,403  

4.75%, 03/01/50

     1,520       1,225,790  

City of Lancaster Pennsylvania, GO, (BAM), 4.00%, 11/01/42

     1,705       1,694,417  

City of Philadelphia Pennsylvania, Refunding GO, Series A, 5.00%, 08/01/37

     1,360       1,439,608  

City of Pittsburgh Pennsylvania, GO, 5.00%, 09/01/43

     100       108,076  

Coatesville School District, GO, CAB(c)

   

Series A, (BAM SAW), 0.00%, 10/01/34

     160       104,467  

Series A, (BAM SAW), 0.00%, 10/01/35

     1,435       888,449  

Series A, (BAM SAW), 0.00%, 10/01/37

     1,395       776,832  

Coatesville School District, Refunding GO, CAB(c)

   

Series B, (BAM SAW), 0.00%, 10/01/33

     275       188,664  

Series B, (BAM SAW), 0.00%, 10/01/34

     550       359,104  

Series C, (BAM SAW), 0.00%, 10/01/33

     360       246,979  

Pennsylvania Economic Development Financing Authority, RB

    

AMT, 5.00%, 06/30/32

     925       1,000,552  

AMT, 5.50%, 06/30/43

     2,500       2,694,038  

AMT, 5.75%, 06/30/48

     1,980       2,151,228  

AMT, 6.00%, 06/30/61

     1,305       1,457,163  

School District of Philadelphia, GO, Series D, (AGM), 3.00%, 09/01/44

     2,345       1,848,432  

Shaler Area School District, GO, (XLCA SAW), 0.00%, 09/01/30(c)

    6,145       4,936,629  

Southeastern Pennsylvania Transportation Authority, RB, 5.25%, 06/01/52

     8,000       8,899,032  

Springfield School District/Delaware County, GO

    

(SAW), 5.00%, 03/01/36

     870       944,397  

(SAW), 5.00%, 03/01/40

     1,025       1,090,038  
Security  

Par

(000)

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

Springfield School District/Delaware County, GO (continued)
(SAW), 5.00%, 03/01/43

   $ 775     $ 819,200  

State Public School Building Authority, RB(c)

   

(AGM), 0.00%, 12/15/23

         1,980       1,940,022  

(AGM), 0.00%, 12/15/24

     1,980       1,879,252  

(AGM), 0.00%, 12/15/25

     1,770       1,629,271  
   

 

 

  
          48,476,552  
Education — 21.8%            

Berks County Municipal Authority, Refunding RB
5.00%, 10/01/39

     160       151,401  

5.00%, 10/01/49

     430       386,484  

Chester County Industrial Development Authority, RB, 4.00%, 12/01/51

     3,600       3,427,700  

Delaware County Authority, RB

    

5.00%, 08/01/40

     1,005       1,033,005  

5.00%, 08/01/45

     1,610       1,640,387  

East Hempfield Township Industrial Development Authority, RB(d)

    

5.00%, 07/01/23

     785       787,197  

5.00%, 07/01/25

     1,255       1,309,337  

Latrobe Industrial Development Authority, Refunding RB, 4.00%, 03/01/46

     285       238,660  

Northampton County General Purpose Authority, Refunding RB, 4.00%, 11/01/38

     1,160       1,156,982  

Pennsylvania Higher Education Assistance Agency, RB

    

Series A, AMT, 2.63%, 06/01/42

     1,085       919,747  

Series B, AMT, Subordinate, 3.13%, 06/01/48

     350       264,531  

Pennsylvania Higher Educational Facilities Authority, RB, Series AT-1, 4.00%, 06/15/34

     2,000       2,043,440  

Pennsylvania Higher Educational Facilities Authority, Refunding RB

    

5.00%, 05/01/37

     1,325       1,198,219  

5.00%, 05/01/41

     500       521,367  

Series A, 5.25%, 07/15/23(d)

    1,580       1,586,273  

Series A, 5.50%, 07/15/23(d)

    385       386,721  

Series A, 5.00%, 11/01/31

     845       922,074  

Series A, (AGM), 4.00%, 05/01/50

     4,645       4,443,597  

Philadelphia Authority for Industrial Development, RB

    

4.00%, 06/15/29

     280       264,721  

5.00%, 06/15/39

     335       314,553  

4.00%, 12/01/48

     3,300       3,185,569  

5.00%, 06/15/49

     935       829,659  

5.00%, 06/15/50

     575       530,689  

5.25%, 11/01/52

     1,355       1,450,159  

Philadelphia Authority for Industrial Development,
Refunding RB

    

5.00%, 06/15/40(b)

    300       294,929  

4.00%, 05/01/42

     1,445       1,054,091  

Series 2015, 5.00%, 04/01/45

     2,170       2,205,362  

Series A, 5.25%, 06/15/52

     375       343,380  

Sports & Exhibition Authority of Pittsburgh & Allegheny County, RB, Series A, (AGM), 3.84%, 11/01/38(a)

    2,390       2,390,000  

Swarthmore Borough Authority, Refunding RB, 5.00%, 09/15/38

     830       836,739  

University of Pittsburgh-of the Commonwealth System of Higher Education, RB, 4.22%, 02/15/24(a)

    1,380       1,381,097  
   

 

 

  
      37,498,070  
 

 

 

1  

    

Schedule of Investments (unaudited) (continued)

April 30, 2023

   

BlackRock MuniYield Pennsylvania Quality Fund (MPA)

(Percentages shown are based on Net Assets)

 

Security  

Par

(000)

     Value  
Health — 30.7%            

Allegheny County Hospital Development Authority, RB

    

Series B, (NPFGC), 6.00%, 07/01/26

   $     2,000     $     2,177,262  

Series D2, 4.56%, 11/15/47(a)

    1,040       1,050,986  

Allegheny County Hospital Development Authority, Refunding RB

    

Series A, 4.00%, 04/01/37

     1,700       1,660,805  

Series A, (AGM-CR), 4.00%, 04/01/44

     3,440       3,321,292  

Series A, 5.00%, 04/01/47

     700       717,896  

Bucks County Industrial Development Authority, RB, 4.00%, 07/01/51

     1,000       735,032  

Bucks County Industrial Development Authority, Refunding RB, 5.00%, 10/01/37

     940       928,514  

Cumberland County Municipal Authority, Refunding RB
5.00%, 01/01/25(d)

    255       263,052  

5.00%, 01/01/29(d)

    580       656,611  

4.00%, 01/01/36

     395       355,378  

4.13%, 01/01/38

     160       140,883  

5.00%, 01/01/38

     1,290       1,269,225  

5.00%, 01/01/39

     110       107,734  

Doylestown Hospital Authority, RB, Series A, 5.00%, 07/01/49

     500       392,910  

DuBois Hospital Authority, Refunding RB, 4.00%, 07/15/48

     2,060       1,876,788  

Geisinger Authority, Refunding RB, Series A-1, 5.00%, 02/15/45

     4,395       4,497,399  

Hospitals & Higher Education Facilities Authority of Philadelphia, Refunding RB, (AGM), 4.00%, 07/01/40

     825       802,580  

Lancaster County Hospital Authority, Refunding RB, 5.00%, 11/01/35

     575       585,544  

Lancaster Industrial Development Authority, RB 4.00%, 12/01/44

     420       383,064  

4.00%, 12/01/49

     565       506,763  

Lancaster Industrial Development Authority, Refunding RB, 5.75%, 05/01/23(d)

    865       865,000  

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

     665       606,484  

Series A, 5.00%, 09/01/37

     840       880,232  

Series A, 5.00%, 09/01/48

     1,100       1,126,238  

Montgomery County Industrial Development Authority, RB

    

Series C, 4.00%, 11/15/43

     200       163,109  

Series C, 5.00%, 11/15/45

     915       868,052  

Montgomery County Industrial Development Authority, Refunding RB 5.25%, 01/01/40

     220       199,767  

5.00%, 12/01/46

     400       377,740  

Mount Lebanon Hospital Authority, RB,
4.00%, 07/01/48

     2,345       2,228,062  

Northampton County General Purpose Authority, Refunding RB
5.00%, 08/15/46

     1,000       1,003,571  

5.00%, 08/15/48

     1,125       1,153,554  

Pennsylvania Economic Development Financing Authority, RB

    

Series A-2, 4.00%, 05/15/53

     1,020       921,795  

Series B, 4.00%, 03/15/40

     8,000       8,016,960  
Security  

Par

(000)

     Value  
Health (continued)            

Pennsylvania Higher Educational Facilities Authority, RB, 3.00%, 08/15/47

   $     1,600     $ 1,230,171  

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

     2,000       2,020,078  

Pottsville Hospital Authority, Refunding RB, Series B, 5.00%, 07/01/41

     3,000       3,094,845  

St Mary Hospital Authority, Refunding RB
5.00%, 12/01/28(d)

    2,495       2,819,752  

5.00%, 12/01/48

     1,255       1,314,702  

Wayne County Hospital & Health Facilities Authority, RB, Series A, (GTD), 4.00%, 07/01/46

     1,595       1,470,349  
   

 

 

  
          52,790,179  
Housing — 4.0%            

Pennsylvania Housing Finance Agency, RB, S/F Housing, Series 137, 2.60%, 04/01/46

     2,730       1,957,126  

Pennsylvania Housing Finance Agency, Refunding RB, S/F Housing, Series 2022, 4.15%, 10/01/42

     2,000       1,968,208  

Philadelphia Authority for Industrial Development, RB, M/F Housing

    

Series A, 3.50%, 12/01/36

     810       537,710  

Series A, 4.00%, 12/01/46

     2,970       1,971,602  

Series A, 4.00%, 12/01/51

     805       534,390  
   

 

 

  
      6,969,036  
State — 7.7%            

Pennsylvania Economic Development Financing Authority, RB

    

AMT, 5.00%, 12/31/38

     2,000       2,016,014  

AMT, 5.00%, 06/30/42

     7,380       7,399,380  

Pennsylvania Turnpike Commission Oil Franchise Tax Revenue, Refunding RB, Series A, 4.00%, 12/01/51

     3,920       3,814,019  
   

 

 

  
      13,229,413  
Tobacco — 5.9%            

Commonwealth Financing Authority, RB
5.00%, 06/01/34

     4,175       4,503,335  

5.00%, 06/01/35

     1,295       1,386,820  

(AGM), 4.00%, 06/01/39

     4,300       4,239,030  

Northampton County Industrial Development Authority, TA, 7.00%, 07/01/32

     130       130,236  
   

 

 

  
      10,259,421  
Transportation — 14.7%            

City of Philadelphia Pennsylvania Airport Revenue, Refunding ARB, Series B, AMT, 5.00%, 07/01/37

     1,100       1,136,034  

Delaware River Joint Toll Bridge Commission, RB, 5.00%, 07/01/42

     2,110       2,209,566  

Delaware River Port Authority, RB, 5.00%, 01/01/37

     2,285       2,321,761  

Pennsylvania Economic Development Financing Authority, RB, AMT, 5.25%, 06/30/53

     500       517,605  

Pennsylvania Turnpike Commission, RB

    

Sub-Series B-1, 5.00%, 06/01/42

     2,730       2,825,108  

Sub-Series B-1, 5.25%, 06/01/47

     1,000       1,036,707  

1st Series, Subordinate, 5.00%, 12/01/40

     2,035       2,226,121  

Series A, Subordinate, 4.00%, 12/01/46

     1,000       960,939  

Series A, Subordinate, (BAM-TCRS), 4.00%, 12/01/50

     1,385       1,343,619  

Pennsylvania Turnpike Commission, RB, CAB(c)

   

Sub-Series A-3, (AGM), 0.00%, 12/01/40

     1,975       918,833  

Sub-Series A-3, 0.00%, 12/01/42

     4,760       1,903,100  
 

 

 

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

   2

Schedule of Investments (unaudited) (continued)

April 30, 2023

   

BlackRock MuniYield Pennsylvania Quality Fund (MPA)

(Percentages shown are based on Net Assets)

 

Security  

Par

(000)

     Value  

 

  
Transportation (continued)            

Pennsylvania Turnpike Commission, Refunding RB 3.95%, 12/01/39(a)

  $     2,500     $ 2,500,000  

Series B, 5.25%, 12/01/52

     775       842,777  

Series B-2, (AGM), 5.00%, 06/01/35

     1,850       1,984,510  

Southeastern Pennsylvania Transportation Authority, RB, 5.25%, 06/01/47

     2,305       2,579,588  
   

 

 

  
          25,306,268  
Utilities — 9.7%            

Bucks County Water and Sewer Authority, RB

    

Series A, (AGM), 5.00%, 12/01/37

     780       808,325  

Series A, (AGM), 5.00%, 12/01/40

     1,000       1,031,788  

City of Philadelphia Pennsylvania Water & Wastewater Revenue, RB

    

Series C, 5.50%, 06/01/47

     1,900       2,119,195  

Series A, AMT, 5.00%, 10/01/43

     3,040       3,206,033  

Series A, AMT, 5.25%, 10/01/52

     810       845,053  

Delaware County Regional Water Quality Control Authority, RB, 5.00%, 05/01/23(d)

    420       420,000  

New Kensington Municipal Sanitary Authority, RB, (AGM), 3.25%, 12/01/47

     1,195       957,600  

Oxford Area Sewer Authority, Refunding RB, (BAM), 3.00%, 07/01/46

     1,255       972,422  

Pennsylvania Economic Development Financing Authority, Refunding RB, Class B, 5.25%, 12/01/38(a)

    1,000       1,000,000  

Philadelphia Gas Works Co., Refunding RB
5.00%, 08/01/30

     800       832,386  

5.00%, 08/01/31

     600       624,304  

5.00%, 08/01/32

     800       832,408  

5.00%, 08/01/33

     400       417,955  

5.00%, 08/01/34

     700       728,370  

Pittsburgh Water & Sewer Authority, Refunding RB, Series C, (AGM), 4.51%, 09/01/40(a)

    1,380       1,377,247  

Williamsport Sanitary Authority, Refunding RB, (BAM), 4.00%, 01/01/40

     580       576,175  
   

 

 

  
      16,749,261  
   

 

 

  

Total Municipal Bonds in Pennsylvania

       215,528,826  
Puerto Rico — 4.9%            
State — 4.9%            

Puerto Rico Sales Tax Financing Corp Sales Tax Revenue, RB, Series A1, Restructured, 4.75%, 07/01/53

     265       248,793  

Puerto Rico Sales Tax Financing Corp Sales Tax Revenue, RB, CAB, Series A1, Restructured, 0.00%, 07/01/46(c)

    3,575       972,089  

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

    

Series A1, Restructured, 5.00%, 07/01/58

     389       374,087  

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

     46       42,606  

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

     519       482,094  

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

     283       264,583  

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

     3,423       3,294,880  

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

     2,701       2,505,634  

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

     274       254,275  
   

 

 

  

Total Municipal Bonds in Puerto Rico

       8,439,041  
   

 

 

  

Total Municipal Bonds — 130.1%
(Cost: $228,674,046)

 

     223,967,867  
   

 

 

  
Security  

Par

(000)

     Value  

 

  

Municipal Bonds Transferred to Tender Option Bond Trusts(e)

 

Pennsylvania — 14.3%            
Education — 6.6%            

Pennsylvania Higher Educational Facilities Authority, RB, Series AR, 4.00%, 06/15/38

   $ 11,335     $ 11,339,160  
   

 

 

  

Health — 4.1%

    

General Authority of Southcentral Pennsylvania, Refunding RB, Series A, 5.00%, 06/01/44(d)

    7,000       7,136,126  
   

 

 

  

State — 3.6%

    

Commonwealth of Pennsylvania, GO,
1st Series, 4.00%, 03/01/38(f)

    6,000       6,127,686  
   

 

 

  

Total Municipal Bonds in Pennsylvania

 

     24,602,972  
   

 

 

  

Total Municipal Bonds Transferred to Tender Option Bond Trusts — 14.3%
(Cost: $24,425,051)

 

     24,602,972  
   

 

 

  

Total Long-Term Investments — 144.4%
(Cost: $253,099,097)

 

     248,570,839  
   

 

 

  
    Shares        

 

  

Short-Term Securities

    
Money Market Funds — 10.2%            

BlackRock Liquidity Funds, MuniCash, Institutional Class, 3.27%(g)(h)

        17,578,289       17,576,531  
   

 

 

  

Total Short-Term Securities — 10.2%
(Cost: $17,576,794)

 

     17,576,531  
   

 

 

  

Total Investments — 154.6%
(Cost: $270,675,891)

           266,147,370  

Other Assets Less Liabilities — 1.6%

       2,544,289  

Liability for TOB Trust Certificates, Including Interest Expense and Fees Payable — (8.3)%

 

     (14,206,605 ) 

VRDP Shares at Liquidation Value, Net of Deferred
Offering Costs — (47.9)%

 

     (82,369,736 ) 
   

 

 

  

Net Assets Applicable to Common Shares — 100.0%

     $ 172,115,318  
   

 

 

  

 

(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) 

Zero-coupon bond.

(d) 

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.

(e) 

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.

(f) 

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 agreement, which expires on March 1, 2026, is $3,123,333.

(g) 

Affiliate of the Fund.

(h) 

Annualized 7-day yield as of period end.

 

 

 

3  

    

Schedule of Investments (unaudited) (continued)

April 30, 2023

   

BlackRock MuniYield Pennsylvania Quality Fund (MPA)

 

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.

Affiliates

Investments in issuers considered to be affiliate(s) of the Fund during the period ended April 30, 2023 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

 

                   
Affiliated Issuer   

Value at

07/31/22

      Purchases
at Cost		      Proceeds
from Sales		     

Net
Realized

Gain (Loss)

      Change in
Unrealized
Appreciation
(Depreciation)		      Value at
04/30/23		      Shares
Held at
04/30/23		      Income      Capital Gain
Distributions
from
Underlying
Funds		  

BlackRock Liquidity Funds, MuniCash, Institutional Class

    $   3,965,312      $   13,615,508 (a)     $ —      $ (3,112 )     $ (1,177 )     $ 17,576,531        17,578,289      $   173,260      $ —  
           

 

 

     

 

 

     

 

 

        

 

 

     

 

 

  

 

  (a) 

Represents net amount purchased (sold).

 

Fair Value Hierarchy as of Period End

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

 

  •  

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

 

  •  

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

 

  •  

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

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

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

 

         
      Level 1        Level 2        Level 3        Total  

Assets

                  

Investments

                  

Long-Term Investments

                  

Municipal Bonds

    $ —        $ 223,967,867        $ —        $ 223,967,867  

Municipal Bonds Transferred to Tender Option Bond Trusts

      —          24,602,972          —          24,602,972  

Short-Term Securities

                  

Money Market Funds

      17,576,531          —          —          17,576,531  
  

 

 

       

 

 

       

 

 

       

 

 

  
   $     17,576,531        $   248,570,839        $                 —        $   266,147,370  
  

 

 

       

 

 

       

 

 

       

 

 

  

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

    $ —        $ (14,060,000 )       $ —        $ (14,060,000 ) 

VRDP Shares at Liquidation Value

      —          (82,600,000 )         —          (82,600,000 ) 
  

 

 

       

 

 

       

 

 

       

 

 

  
   $                   —        $     (96,660,000 )       $                 —        $   (96,660,000 ) 
  

 

 

       

 

 

       

 

 

       

 

 

  

 

 

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

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Schedule of Investments (unaudited) (continued)

April 30, 2023

   

BlackRock MuniYield Pennsylvania Quality Fund (MPA)

 

Portfolio Abbreviation
AGM   Assured Guaranty Municipal Corp.
AGM-CR   AGM Insured Custodial Receipt
AMT   Alternative Minimum Tax
ARB   Airport Revenue Bonds
BAM   Build America Mutual Assurance Co.
BAM-TCRS  

Build America Mutual Assurance Co.- Transferable Custodial Receipts

CAB   Capital Appreciation Bonds
CR   Custodian Receipt
GO   General Obligation Bonds
GTD   GTD Guaranteed
M/F   Multi-Family
NPFGC   National Public Finance Guarantee Corp.
RB   Revenue Bond
S/F   Single-Family
SAB   Special Assessment Bonds
SAW   State Aid Withholding
TA   Tax Allocation
 

 

 

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