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, Inc. (MQY)
Fund Address: 100 Bellevue Parkway, Wilmington, DE 19809
Name and address of agent for service: Anne F. Ackerley, Chief Executive Officer, BlackRock MuniYield Quality Fund, Inc., 40 East 52nd Street, New York, NY 10022.
Registrant’s telephone number, including area code: (800) 882-0052, Option 4
Date of fiscal year end: 04/30/2010
Date of reporting period: 07/31/2009
Item 1 – Schedule of Investments
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BlackRock MuniYield Quality Fund, Inc. |
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Schedule of Investments July 31, 2009 (Unaudited) |
(Percentages shown are based on Net Assets) |
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State |
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Municipal Bonds |
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Par |
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Value |
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Alabama - 2.2% |
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County of Jefferson Alabama, RB, Series A, 4.75%, 1/01/25 |
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$ |
3,000 |
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$ |
1,680,780 |
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University of Alabama, Alabama, RB, Series A (MBIA), 5.00%, 7/01/34 |
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7,125 |
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7,189,553 |
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8,870,333 |
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Alaska - 1.0% |
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Borough of Matanuska-Susitna Alaska, RB, Goose Creek Correctional Center (AGC), 6.00%, 9/01/32 |
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3,925 |
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4,210,191 |
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Arizona - 0.6% |
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Salt Verde Financial Corp., RB, Senior, 5.00%, 12/01/32 |
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2,970 |
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2,337,093 |
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California - 18.7% |
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Alameda Corridor Transportation Authority, Refunding RB, CAB, Subordinate Lien, Series A (AMBAC), 5.52%, 10/01/25 (a) |
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4,150 |
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3,134,039 |
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Arcadia Unified School District, California, GO, CAB, Election of 2006, Series A (FSA), 4.96%, 8/01/39 (b) |
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2,200 |
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|
314,908 |
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Cabrillo Community College District, California, GO, CAB, Election of 2004, Series B (MBIA), 5.19%, 8/01/37 (b) |
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3,250 |
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509,860 |
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Cabrillo Community College District, California, GO, CAB, Election of 2004, Series B (MBIA), 4.87%, 8/01/38 (b) |
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7,405 |
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1,091,571 |
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California State University, RB, Systemwide, Series A (MBIA), 5.00%, 11/01/35 |
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3,450 |
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3,238,860 |
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Carlsbad Unified School District, GO, Election, Series B, 6.09%, 5/01/34 (a) |
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5,000 |
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2,813,450 |
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Chino Valley Unified School District COP, GO, Election of 2002, Series C (MBIA), 5.25%, 8/01/30 |
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1,200 |
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1,203,060 |
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City of San Jose California, RB, Series A (AMBAC), AMT, 5.50%, 3/01/32 |
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5,100 |
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4,594,692 |
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Coast Community College District, California, GO, CAB, Election of 2002, Series C (FSA), 5.52%, 8/01/13 (a) |
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2,800 |
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2,311,456 |
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El Monte Union High School District, California, GO, Election of 2002, Series C (FSA), 5.25%, 6/01/28 |
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6,110 |
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6,165,418 |
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Fresno Unified School District, California, GO, Election of 2001, Series E (FSA), 5.00%, 8/01/30 |
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1,230 |
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1,211,144 |
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Golden State Tobacco Securitization Corp., California, RB, Enhanced, Asset Backed, Series B (Syncora), 5.50%, 6/01/13 |
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10,000 |
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11,407,000 |
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Los Angeles Municipal Improvement Corp., RB, Series B-1 (MBIA), 4.75%, 8/01/37 |
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3,210 |
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2,722,626 |
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Portfolio Abbreviations |
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To simplify the listings of portfolio holdings in the Schedule of Investments, the names and descriptions of many of the securities have been abbreviated according to the following list.
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AGC |
Assured Guaranty Corp. |
AMBAC |
American Municipal Bond Assurance Corp. |
AMT |
Alternative Minimum Tax (subject to) |
CAB |
Capital Appreciation Bonds |
CIFG |
CDC IXIS Financial Guaranty |
COP |
Certificates of Participation |
EDA |
Economic Development Authority |
FGIC |
Financial Guaranty Insurance Co. |
FSA |
Financial Security Assurance Inc. |
GAN |
Grant Application Notes |
GNMA |
Government National Mortgage Association |
GO |
General Obligation Bonds |
HDA |
Housing Development Authority |
HFA |
Housing Finance Agency |
IDA |
Industrial Development Authority |
ISD |
Independent School District |
MBIA |
Municipal Bond Investors Assurance (National Public Finance Guaranty Corp.) |
RB |
Revenue Bonds |
S/F |
Single-Family |
TAN |
Tax Anticipation Notes |
1
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BlackRock MuniYield Quality Fund, Inc. |
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Schedule of Investments July 31, 2009 (Unaudited) |
(Percentages shown are based on Net Assets) |
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State |
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Municipal Bonds |
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Par |
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Value |
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Metropolitan Water District of Southern California, RB, Authority, Series B-1 (MBIA), 5.00%, 10/01/29 |
|
$ |
4,000 |
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$ |
4,079,560 |
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Metropolitan Water District of Southern California, RB, Authority, Series B-1 (MBIA), 5.00%, 10/01/36 |
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2,275 |
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2,279,072 |
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Mount Diablo Unified School District, California, GO, Election of 2002 (MBIA), 5.00%, 7/01/27 |
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2,000 |
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1,937,800 |
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Orange County Sanitation District, COP (MBIA), 5.00%, 2/01/33 |
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2,750 |
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2,654,190 |
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Orange County Sanitation District, COP, Series B (FSA), 5.00%, 2/01/30 |
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3,500 |
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3,447,080 |
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Orange County Sanitation District, COP, Series B (FSA), 5.00%, 2/01/31 |
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|
1,200 |
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1,173,708 |
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Port of Oakland, RB, Series K (MBIA), AMT, 5.75%, 11/01/29 |
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2,405 |
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2,246,751 |
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Poway Redevelopment Agency, California, TAN, Paguay Redevelopment Project (AMBAC), 5.13%, 6/15/33 |
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2,000 |
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1,605,020 |
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Sacramento City Unified School District, California, GO, Election of 2002 (MBIA), 5.00%, 7/01/30 |
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2,500 |
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2,461,650 |
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San Bernardino Community College District, California, GO, CAB, Election, Series B, 6.52%, 8/01/34 (a) |
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10,000 |
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5,402,500 |
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San Jose Unified School District, Santa Clara County California, GO, Election of 2002, Series B (MBIA), 5.00%, 8/01/29 |
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2,825 |
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2,775,252 |
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San Mateo County Community College District, GO, Election of 2001, Series A (MBIA), 5.00%, 9/01/26 |
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2,725 |
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2,759,008 |
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State of California, GO, 5.13%, 6/01/27 |
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30 |
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29,876 |
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State of California, GO, 5.50%, 4/01/28 |
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5 |
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5,057 |
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Ventura County Community College District, GO, Election of 2002, Series B (MBIA), 5.00%, 8/01/30 |
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3,150 |
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3,101,711 |
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76,676,319 |
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Colorado - 1.0% |
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Colorado Health Facilities Authority, RB, Insured, Covenant Retirement Community, Series A (Radian), 5.50%, 12/01/27 |
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1,600 |
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1,333,872 |
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Colorado Health Facilities Authority, RB, Insured, Covenant Retirement Community, Series A (Radian), 5.50%, 12/01/33 |
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|
900 |
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705,735 |
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E-470 Public Highway Authority, Colorado, RB, CAB, Series B (MBIA), 5.51%, 9/01/29 (b) |
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9,000 |
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2,016,000 |
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4,055,607 |
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District of Columbia - 0.1% |
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District of Columbia, RB, Catholic University (AMBAC), 5.63%, 10/01/29 |
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570 |
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576,213 |
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Florida - 5.9% |
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City of Miami Florida, RB, Miami Revenues (MBIA), 5.00%, 1/01/37 |
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1,100 |
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999,449 |
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County of Duval Florida, COP, Master Lease Program (FSA), 5.00%, 7/01/33 |
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3,100 |
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2,990,880 |
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County of Miami-Dade Florida, GO, Building Better Community Program, Series B, 6.38%, 7/01/28 |
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3,300 |
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3,631,782 |
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County of Miami-Dade Florida, RB, Miami International Airport, AMT (Syncora), 5.00%, 10/01/40 |
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8,200 |
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6,815,676 |
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County of Miami-Dade Florida, RB, Miami International Airport, Series A (CIFG), AMT, 5.00%, 10/01/38 |
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2,900 |
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2,346,941 |
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2
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BlackRock MuniYield Quality Fund, Inc. |
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|
|
Schedule of Investments July 31, 2009 (Unaudited) |
(Percentages shown are based on Net Assets) |
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State |
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Municipal Bonds |
|
Par |
|
Value |
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||
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County of Orange Florida, RB, Series B (MBIA), 5.13%, 1/01/32 |
|
$ |
2,200 |
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$ |
2,175,338 |
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Florida State Department of Environmental Protection, RB, Series B (MBIA), 5.00%, 7/01/27 |
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|
2,545 |
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2,550,344 |
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South Florida Water Management District, COP (AGC), 5.00%, 10/01/22 |
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|
2,700 |
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2,814,156 |
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24,324,566 |
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Georgia - 1.5% |
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City of Atlanta Georgia, RB, Series A (MBIA), 5.00%, 11/01/33 |
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|
1,200 |
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|
1,064,352 |
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City of Atlanta Georgia, RB, Series A (MBIA), 5.00%, 11/01/39 |
|
|
2,525 |
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|
2,166,526 |
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City of Augusta Georgia, RB (FSA), 5.25%, 10/01/39 |
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|
2,820 |
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|
2,850,259 |
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6,081,137 |
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Hawaii - 0.5% |
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State of Hawaii, GO, Series CX (FSA), 5.50%, 2/01/21 |
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|
2,000 |
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2,131,060 |
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Illinois - 21.7% |
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Chicago Board of Education, Illinois, GO, Chicago School Reform Board, Series A (MBIA), 5.50%, 12/01/26 |
|
|
2,000 |
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|
2,190,620 |
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City of Chicago Illinois, RB, General, Airport 3rd Lien, Series B-2, AMT (Syncora), 6.00%, 1/01/29 |
|
|
3,300 |
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|
3,318,810 |
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City of Chicago Illinois, RB, General, Airport 3rd Lien, Series B-2 (FSA), AMT, 5.75%, 1/01/23 |
|
|
3,400 |
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|
3,439,372 |
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City of Chicago Illinois, RB, General, Airport 3rd Lien, Series B-2 (FSA), AMT, 5.75%, 1/01/24 |
|
|
4,000 |
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|
4,040,080 |
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City of Chicago Illinois, RB, Project, Series A (AGC), 5.00%, 1/01/38 |
|
|
4,000 |
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|
3,910,800 |
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City of Chicago Illinois, Refunding RB, General Airport Third Lien, Series A (MBIA), AMT, 5.75%, 1/01/21 |
|
|
13,665 |
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13,688,640 |
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City of Chicago Illinois, Refunding RB, General Airport Third Lien, Series A (MBIA), AMT, 5.50%, 1/01/22 |
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|
5,000 |
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|
4,907,250 |
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City of Chicago Illinois, Refunding RB, General Airport Third Lien, Series A (MBIA), AMT, 5.38%, 1/01/32 |
|
|
12,500 |
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|
11,079,875 |
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City of Chicago Illinois, Refunding RB, General, Series Airport, 3rd Lien, Series A-2 (FSA), AMT, 5.75%, 1/01/21 |
|
|
2,665 |
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|
2,705,268 |
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County of Cook Illinois, GO, Capital Improvement, Series C (AMBAC), 5.50%, 11/15/12 (c) |
|
|
5,080 |
|
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5,804,408 |
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Illinois Sports Facilities Authority, RB, State Tax Supported (AMBAC), 5.52%, 6/15/30 (a) |
|
|
28,525 |
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26,721,364 |
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Metropolitan Pier & Exposition Authority, Illinois, RB, McCormick Place Expansion Project (MBIA), 5.50%, 12/15/24 |
|
|
7,000 |
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7,135,380 |
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88,941,867 |
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Indiana - 2.4% |
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Indiana Municipal Power Agency, Indiana, RB, Indiana Municipal Power Agency Series B, 5.75%, 1/01/34 |
|
|
550 |
|
|
556,479 |
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Indiana Municipal Power Agency, Indiana, RB, Series A (MBIA), 5.00%, 1/01/37 |
|
|
2,750 |
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|
2,627,488 |
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Indianapolis Local Public Improvement Bond Bank, RB, Airport Authority Project, Series B (MBIA), AMT, 5.25%, 1/01/28 |
|
|
2,370 |
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|
2,203,294 |
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Indianapolis Local Public Improvement Bond Bank, RB, Airport Authority Project, Series B (MBIA), AMT, 5.25%, 1/01/30 |
|
|
5,055 |
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|
4,617,389 |
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10,004,650 |
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3
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BlackRock MuniYield Quality Fund, Inc. |
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|
Schedule of Investments July 31, 2009 (Unaudited) |
(Percentages shown are based on Net Assets) |
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State |
|
Municipal Bonds |
|
Par |
|
Value |
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||
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|
|
|
|
|
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||
Iowa - 1.2% |
|
Iowa Finance Authority, RB, Series A, Remarketed (AGC), 5.63%, 8/15/37 |
|
$ |
4,825 |
|
$ |
4,801,261 |
|
|
|
|
|
|
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Louisiana - 1.7% |
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Louisiana Local Government Environmental Facilities & Community Development Authority, RB, Capital Projects & Equipment Acquisition, Series A (AMBAC), 6.30%, 7/01/30 |
|
|
1,450 |
|
|
1,401,251 |
|
|
|
Louisiana Public Facilities Authority, Refunding RB, Christus Health, Series B (AGC), 6.50%, 7/01/30 |
|
|
1,800 |
|
|
1,978,020 |
|
|
|
Louisiana State Transportation Authority, RB, CAB, Senior Lien, La 1 Project, Series B (AMBAC), 5.31%, 12/01/27 (b) |
|
|
4,675 |
|
|
1,647,657 |
|
|
|
Rapides Finance Authority, Louisiana, RB, Cleco Power LLC Project (AMBAC), AMT, 4.70%, 11/01/36 |
|
|
800 |
|
|
578,136 |
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|
|
State of Louisiana, RB, Series A (FSA), 4.75%, 5/01/39 |
|
|
1,500 |
|
|
1,457,985 |
|
|
|
|
|
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|
|
|
|
|
|
|
|
|
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|
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7,063,049 |
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Maryland - 0.4% |
|
Maryland Community Development Administration, RB, Residential, Series A, AMT, 5.75%, 9/01/39 |
|
|
1,725 |
|
|
1,765,037 |
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|
|
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|
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Massachusetts - 2.5% |
|
Massachusetts HFA, Massachusetts, RB, Rental, Mortgage, Series C (FSA), AMT, 5.60%, 1/01/45 |
|
|
4,000 |
|
|
3,897,640 |
|
|
|
Massachusetts Housing Finance Agency, Massachusetts, RB, S/F Housing, Series 128 (FSA), AMT, 4.80%, 12/01/27 |
|
|
2,200 |
|
|
2,049,850 |
|
|
|
Massachusetts Port Authority, RB, Delta Air Lines Inc. Project, Series A (AMBAC), AMT, 5.50%, 1/01/19 |
|
|
3,825 |
|
|
2,682,434 |
|
|
|
Massachusetts State Water Resource Authority, General Refunding RB, Series A, 5.00%, 8/01/34 |
|
|
1,800 |
|
|
1,810,620 |
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|
|
|
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|
|
|
|
|
|
|
|
|
|
|
|
10,440,544 |
|
|
|
|
|
|
|
|
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|
|
Michigan - 7.6% |
|
City of Detroit Michigan, RB, Second Lien, Series E, Remarketed (FGIC), 5.75%, 7/01/31 |
|
|
8,300 |
|
|
8,574,149 |
|
|
|
City of Detroit Michigan, RB, System, Second Lien, Series B (MBIA), 5.00%, 7/01/36 |
|
|
4,650 |
|
|
3,950,547 |
|
|
|
Michigan Higher Education Student Loan Authority, Michigan, RB, Student Loan, Series XVII G (AMBAC) AMT, 5.20%, 9/01/20 |
|
|
2,140 |
|
|
2,032,615 |
|
|
|
Michigan Strategic Fund, Refunding RB, Detroit Edison Co. Project, Series A (Syncora), AMT, 5.50%, 6/01/30 |
|
|
1,700 |
|
|
1,479,357 |
|
|
|
Michigan Strategic Fund, Refunding RB, Detroit Edison Co. Project, Series C, AMT (Syncora), 5.45%, 12/15/32 |
|
|
5,800 |
|
|
4,925,186 |
|
|
|
Michigan Strategic Fund, Refunding RB, Detroit Edison Poll, Series C, AMT (Syncora), 5.65%, 9/01/29 |
|
|
3,300 |
|
|
2,943,633 |
|
|
|
Royal Oak Hospital Finance Authority, Michigan, RB, William Beaumont Hospital, 8.25%, 9/01/39 |
|
|
3,510 |
|
|
3,959,526 |
|
|
|
State of Michigan, RB, GAN (FSA), 5.25%, 9/15/26 |
|
|
3,350 |
|
|
3,396,230 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
|
31,261,243 |
|
|
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|
|
|
|
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|
|
Minnesota - 1.0% |
|
City of Minneapolis Minnesota, RB, Fairview Health Services, Series B (AGC), 6.50%, 11/15/38 |
|
|
3,665 |
|
|
3,992,394 |
|
|
|
Dakota County Community Development Agency, RB, Mortgage, Backed Securities Program, Series B (GNMA), AMT, 5.15%, 12/01/38 |
|
|
169 |
|
|
169,715 |
|
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|
|
|
4,162,109 |
|
|
|
|
|
|
|
|
|
|
|
4
|
|
BlackRock MuniYield Quality Fund, Inc. |
|
|
|
Schedule of Investments July 31, 2009 (Unaudited) |
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
|
|
State |
|
Municipal Bonds |
|
Par |
|
Value |
|
||
|
|
|
|
|
|
|
|
||
Nebraska - 0.6% |
|
County of Washington Nebraska, RB, Cargill Inc. Project, AMT, 5.90%, 11/01/27 |
|
$ |
2,300 |
|
$ |
2,298,482 |
|
|
|
|
|
|
|
|
|
|
|
Nevada - 8.7% |
|
City of Carson City Nevada, RB, Carson, Tahoe Hospital Project, Series A (Radian), 5.50%, 9/01/33 |
|
|
4,100 |
|
|
3,226,126 |
|
|
|
City of Las Vegas Nevada, GO, Limited Tax, Performing Arts Center, 6.00%, 4/01/34 |
|
|
1,150 |
|
|
1,212,767 |
|
|
|
County of Clark Nevada, RB, Southwest Gas Corp. Project, Series A (FGIC), AMT, 4.75%, 9/01/36 |
|
|
45 |
|
|
33,079 |
|
|
|
County of Clark Nevada, RB, Southwest Gas Corp. Project, Series D (MBIA), AMT, 5.25%, 3/01/38 |
|
|
12,000 |
|
|
9,505,200 |
|
|
|
County of Clark Nevada, RB, Subordinate Lien, Series A-2 (MBIA), 5.00%, 7/01/30 |
|
|
2,000 |
|
|
1,927,060 |
|
|
|
County of Clark Nevada, RB, Subordinate Lien, Series A-2 (MBIA), 5.00%, 7/01/36 |
|
|
19,100 |
|
|
17,565,124 |
|
|
|
Las Vegas Valley Water District, GO, Refunding, Series A (MBIA), 5.00%, 6/01/24 |
|
|
2,050 |
|
|
2,075,707 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
35,545,063 |
|
|
|
|
|
|
|
|
|
|
|
New Hampshire - 1.1% |
|
New Hampshire Business Finance Authority, New Hampshire, Refunding RB, Public Service Co., Series D (MBIA), AMT, 6.00%, 5/01/21 |
|
|
4,600 |
|
|
4,573,090 |
|
|
|
|
|
|
|
|
|
|
|
New Jersey - 7.7% |
|
New Jersey EDA, RB, Cigarette Tax (Radian), 5.75%, 6/15/29 |
|
|
710 |
|
|
590,649 |
|
|
|
New Jersey EDA, RB, Cigarette Tax (Radian), 5.50%, 6/15/31 |
|
|
1,285 |
|
|
1,024,620 |
|
|
|
New Jersey EDA, RB, Motor Vehicle Surcharge Revenue, Series A (MBIA), 5.25%, 7/01/31 |
|
|
20,065 |
|
|
19,857,929 |
|
|
|
New Jersey EDA, RB, School Facilities Construction, Series O, 5.13%, 3/01/28 |
|
|
2,660 |
|
|
2,710,912 |
|
|
|
New Jersey EDA, RB, School Facilities Construction, Series O, 5.13%, 3/01/30 |
|
|
7,500 |
|
|
7,592,175 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
31,776,285 |
|
|
|
|
|
|
|
|
|
|
|
New York - 3.9% |
|
City of New York New York, GO, Series B (MBIA), 5.88%, 8/01/10 (c) |
|
|
10,000 |
|
|
10,641,600 |
|
|
|
Tobacco Settlement Financing Corp., New York, RB, Asset Backed, Series A-4 (AMBAC), 5.25%, 6/01/22 |
|
|
3,570 |
|
|
3,657,893 |
|
|
|
Triborough Bridge & Tunnel Authority, New York, RB, Series A-2, 5.25%, 11/15/34 |
|
|
1,500 |
|
|
1,544,325 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
15,843,818 |
|
|
|
|
|
|
|
|
|
|
|
Pennsylvania - 1.0% |
|
Pennsylvania HFA, RB, S/F, Series 73A, AMT, 5.45%, 10/01/32 |
|
|
2,120 |
|
|
2,086,949 |
|
|
|
Pennsylvania HFA, RB, Series 99A, AMT, 5.25%, 10/01/32 |
|
|
2,000 |
|
|
1,917,120 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4,004,069 |
|
|
|
|
|
|
|
|
|
|
|
Puerto Rico - 1.7% |
|
Puerto Rico Electric Power Authority, Refunding RB, Series VV (MBIA), 5.25%, 7/01/30 |
|
|
2,400 |
|
|
2,302,824 |
|
|
|
Puerto Rico Sales Tax Financing Corp., RB, First Sub-Series A, 6.38%, 8/01/39 |
|
|
4,700 |
|
|
4,874,041 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7,176,865 |
|
|
|
|
|
|
|
|
|
|
|
South Carolina - 1.6% |
|
Berkeley County School District, RB, Securing Assets For Education, 5.13%, 12/01/30 |
|
|
3,750 |
|
|
3,732,862 |
|
5
|
|
BlackRock MuniYield Quality Fund, Inc. |
|
|
|
Schedule of Investments July 31, 2009 (Unaudited) |
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
|
|
State |
|
Municipal Bonds |
|
Par |
|
Value |
|
||
|
|
|
|
|
|
|
|
||
|
|
County of Kershaw South Carolina, RB, Kershaw County School District Project (CIFG), 5.00%, 12/01/29 |
|
$ |
3,000 |
|
$ |
2,954,640 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6,687,502 |
|
|
|
|
|
|
|
|
|
|
|
Tennessee - 0.9% |
|
Tennessee Energy Acquisition Corp., Tennessee, RB, Series A, 5.25%, 9/01/26 |
|
|
4,035 |
|
|
3,587,599 |
|
|
|
|
|
|
|
|
|
|
|
Texas - 15.0% |
|
Bell County Health Facility Development Corp., Texas, RB, Lutheran General Health Care System, 6.50%, 7/01/19 (d) |
|
|
1,000 |
|
|
1,246,200 |
|
|
|
City of Houston Texas, Refunding RB, Combined, First Lien, Series A (AGC), 6.00%, 11/15/35 |
|
|
2,850 |
|
|
3,130,981 |
|
|
|
Dallas-Fort Worth International Airport Facilities Improvement Corp., RB, Refunding & Improvement, Series A (MBIA), AMT, 5.88%, 11/01/17 |
|
|
1,835 |
|
|
1,900,032 |
|
|
|
Dallas-Fort Worth International Airport Facilities Improvement Corp., RB, Refunding & Improvement, Series A (MBIA), AMT, 5.88%, 11/01/18 |
|
|
2,145 |
|
|
2,209,736 |
|
|
|
Dallas-Fort Worth International Airport Facilities Improvement Corp., RB, Refunding & Improvement, Series A (MBIA), AMT, 5.88%, 11/01/19 |
|
|
2,385 |
|
|
2,450,373 |
|
|
|
Gregg County Health Facilities Development Corp., Texas, RB, Good Shepherd Medical Center Project (Radian), 6.38%, 10/01/10 (c) |
|
|
2,600 |
|
|
2,776,904 |
|
|
|
Gregg County Health Facilities Development Corp., Texas, RB, Good Shepherd Medical Center Project (Radian), 6.88%, 10/01/10 (c) |
|
|
3,000 |
|
|
3,221,220 |
|
|
|
Harris County-Houston Sports Authority, RB, Senior Lien, Series G (MBIA), 5.75%, 11/15/20 |
|
|
3,900 |
|
|
3,867,084 |
|
|
|
Lewisville ISD, Texas, GO, CAB, Refunding, School Building (MBIA), 4.67%, 8/15/24 (b) |
|
|
6,150 |
|
|
2,764,548 |
|
|
|
Lone Star College System, GO, 5.00%, 8/15/33 |
|
|
4,800 |
|
|
4,793,232 |
|
|
|
Mansfield ISD, Texas, GO, School Building, 5.00%, 2/15/33 |
|
|
2,300 |
|
|
2,334,569 |
|
|
|
North Harris County Regional Water Authority, RB, Senior Lien (MBIA), 5.13%, 12/15/35 |
|
|
3,060 |
|
|
3,001,248 |
|
|
|
North Texas Tollway Authority, Refunding RB, System, 1st (MBIA), 5.75%, 1/01/40 |
|
|
12,300 |
|
|
12,246,741 |
|
|
|
North Texas Tollway Authority, Refunding RB, System, First Tier, Series A, 6.00%, 1/01/25 |
|
|
450 |
|
|
473,639 |
|
|
|
Texas State Turnpike Authority, RB, First Tier, Series A (AMBAC), 5.75%, 8/15/38 |
|
|
7,200 |
|
|
6,953,688 |
|
|
|
Texas State Turnpike Authority, RB, First Tier, Series A (AMBAC), 5.00%, 8/15/42 |
|
|
10,000 |
|
|
8,318,100 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
61,688,295 |
|
|
|
|
|
|
|
|
|
|
|
Utah - 4.3% |
|
City of Salt Lake City Utah, RB, IHC Hospitals Inc. (MBIA), 6.30%, 2/15/15 (d) |
|
|
15,000 |
|
|
17,500,950 |
|
|
|
|
|
|
|
|
|
|
|
Vermont - 0.5% |
|
Vermont HFA, Vermont, RB, Multiple Purpose, Series C (FSA), AMT, 5.50%, 11/01/38 |
|
|
1,975 |
|
|
1,921,636 |
|
|
|
|
|
|
|
|
|
|
|
6
|
|
BlackRock MuniYield Quality Fund, Inc. |
|
|
|
Schedule of Investments July 31, 2009 (Unaudited) |
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
|
|
State |
|
Municipal Bonds |
|
Par |
|
Value |
|
||
|
|
|
|
|
|
|
|
||
Washington - 2.0% |
|
City of Tacoma Washington, RB (MBIA), 5.00%, 12/01/32 |
|
$ |
5,100 |
|
$ |
5,107,395 |
|
|
|
County of King Washington, GO, Sewer (MBIA), 5.00%, 1/01/35 |
|
|
100 |
|
|
100,278 |
|
|
|
Port of Tacoma Washington, RB, Series A (AMBAC), 5.25%, 12/01/14 (c) |
|
|
2,400 |
|
|
2,806,296 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
8,013,969 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Municipal Bonds - 119.0% |
|
|
|
|
|
488,319,902 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Municipal
Bonds Transferred to |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
California - 8.9% |
|
Anaheim Public Financing Authority, California, RB, Electric System Distribution Facilities, Series A (FSA), 5.00%, 10/01/31 |
|
|
1,244 |
|
|
1,229,473 |
|
|
|
Golden State Tobacco Securitization Corp., California, RB, Enhanced Asset Backed, Series B (CIFG), 5.63%, 6/01/13 (c) |
|
|
14,160 |
|
|
16,217,731 |
|
|
|
Los Angeles Community College District, California, GO, 2008 Election, Series A, 6.00%, 8/01/33 |
|
|
2,639 |
|
|
2,839,628 |
|
|
|
San Diego Community College District, California, GO, Election of 2002, 5.25%, 8/01/33 |
|
|
509 |
|
|
516,834 |
|
|
|
San Diego County Water Authority, COP, Series 2008 A, COP (FSA), 5.00%, 5/01/33 |
|
|
5,170 |
|
|
5,064,015 |
|
|
|
San Diego County Water Authority, COP, Series A (MBIA), 5.00%, 5/01/32 |
|
|
9,003 |
|
|
8,834,576 |
|
|
|
Tamalpais Union High School District, California, GO, Election 2001 (FSA), 5.00%, 8/01/28 |
|
|
1,950 |
|
|
1,895,478 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
36,597,736 |
|
|
|
|
|
|
|
|
|
|
|
District of Columbia - 0.3% |
|
District of Columbia, RB, Series A, 5.50%, 12/01/30 |
|
|
1,320 |
|
|
1,419,000 |
|
|
|
|
|
|
|
|
|
|
|
Florida - 6.0% |
|
County of Seminole, Florida, Refunding RB, Series B (MBIA), 5.25%, 10/01/31 |
|
|
6,300 |
|
|
6,440,994 |
|
|
|
Florida State Board of Education, GO, Series D, 5.00%, 6/01/37 |
|
|
2,399 |
|
|
2,391,612 |
|
|
|
JEA, RB, Sub-Series A, 5.63%, 10/01/32 |
|
|
4,310 |
|
|
4,418,009 |
|
|
|
Miami-Dade County School Board, Florida, COP, Refunding, Series B (AGC), 5.25%, 5/01/27 |
|
|
11,350 |
|
|
11,471,558 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
24,722,173 |
|
|
|
|
|
|
|
|
|
|
|
Georgia - 3.7% |
|
City of Atlanta Georgia, RB, General, Subordinate Lien, Series C (FSA), 5.00%, 1/01/33 |
|
|
10,000 |
|
|
9,917,800 |
|
|
|
City of Augusta, Georgia, RB (FSA), 5.25%, 10/01/34 |
|
|
5,000 |
|
|
5,069,550 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
14,987,350 |
|
|
|
|
|
|
|
|
|
|
|
Illinois - 5.0% |
|
City of Chicago, Illinois, Refunding RB, Second Lien (FSA), 5.25%, 11/01/33 |
|
|
14,428 |
|
|
14,617,484 |
|
|
|
Illinois State Toll Highway Authority, RB, Series B, 5.50%, 1/01/33 |
|
|
2,000 |
|
|
2,091,333 |
|
|
|
Metropolitan Pier & Exposition Authority, Illinois, Refunding RB, McCormick Place Expansion, Series B (MBIA), 5.75%, 6/15/23 |
|
|
3,499 |
|
|
3,689,221 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
20,398,038 |
|
|
|
|
|
|
|
|
|
|
|
Massachusetts - 4.1% |
|
Massachusetts School Building Authority, RB, Series A (FSA), 5.00%, 8/15/30 |
|
|
16,500 |
|
|
16,748,232 |
|
|
|
|
|
|
|
|
|
|
|
7
|
|
BlackRock MuniYield Quality Fund, Inc. |
|
|
|
Schedule of Investments July 31, 2009 (Unaudited) |
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
|
|
State |
|
Municipal
Bonds Transferred to Tender |
|
Par |
|
Value |
|
||
|
|
|
|
|
|
|
|
||
Nevada - 1.9% |
|
City of Las Vegas, Nevada, GO, Limited Tax, Performing Arts Center, 6.00%, 4/01/39 |
|
$ |
5,007 |
|
$ |
5,243,246 |
|
|
|
Clark County Water Reclamation District, GO, Series B, 5.75%, 7/01/34 |
|
|
2,429 |
|
|
2,564,327 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7,807,573 |
|
|
|
|
|
|
|
|
|
|
|
New Hampshire - 2.5% |
|
New Hampshire Health & Education Facilities Authority, RB, Dartmouth Hitchcock Obligation (FSA), 5.50%, 8/01/27 |
|
|
10,000 |
|
|
10,154,400 |
|
|
|
|
|
|
|
|
|
|
|
New Jersey - 2.3% |
|
New Jersey EDA, RB, Cigarette Tax (AGC), 5.50%, 6/15/24 |
|
|
7,150 |
|
|
7,168,304 |
|
|
|
New Jersey EDA, RB, Cigarette Tax (AGC), 5.50%, 6/15/31 |
|
|
2,400 |
|
|
2,399,832 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
9,568,136 |
|
|
|
|
|
|
|
|
|
|
|
New York - 4.3% |
|
Erie County Industrial Development Agency, RB, City School District Buffalo Project, Series A (FSA), 5.75%, 5/01/28 |
|
|
2,007 |
|
|
2,096,633 |
|
|
|
New York City Municipal Water Finance Authority, RB, Fiscal 2009, Series A, 5.75%, 6/15/40 |
|
|
3,509 |
|
|
3,759,311 |
|
|
|
New York State Dormitory Authority, RB, Education, Series B, 5.75%, 3/15/36 |
|
|
1,545 |
|
|
1,660,659 |
|
|
|
New York State Thruway Authority, RB, Series G (FSA), 5.00%, 1/01/32 |
|
|
10,000 |
|
|
9,946,200 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
17,462,803 |
|
|
|
|
|
|
|
|
|
|
|
South Carolina - 1.2% |
|
South Carolina State Public Service Authority, RB, Santee Cooper Series A, 5.50%, 1/01/38 |
|
|
4,695 |
|
|
4,937,825 |
|
|
|
|
|
|
|
|
|
|
|
Texas - 2.6% |
|
Clear Creek ISD, Texas, GO, Refunding, School Building, 5.00%, 2/15/33 |
|
|
5,900 |
|
|
6,033,016 |
|
|
|
Cypress-Fairbanks ISD, GO, Refunding, Schoolhouse, 5.00%, 2/15/32 |
|
|
4,750 |
|
|
4,839,490 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10,872,506 |
|
|
|
|
|
|
|
|
|
|
|
Virginia - 0.9% |
|
Fairfax County IDA, Virginia, RB, Health Care, Inova Health System, Series A, 5.50%, 5/15/35 |
|
|
450 |
|
|
457,479 |
|
|
|
Virginia HDA, RB, Series H, Sub-Series H1 (MBIA), 5.35%, 7/01/31 |
|
|
3,195 |
|
|
3,214,458 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,671,937 |
|
|
|
|
|
|
|
|
|
|
|
Washington - 0.6% |
|
Central Puget Sound Regional Transportation Authority, Washington, RB, Series A (FSA), 5.00%, 11/01/32 |
|
|
2,504 |
|
|
2,521,129 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
Municipal Bonds Transferred to |
|
|
|
|
|
181,868,838 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
Long-Term Investments |
|
|
|
|
|
670,188,740 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Short-Term Securities |
|
Shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
FFI Institutional Tax-Exempt Fund, 0.42% (f)(g) |
|
|
9,600,000 |
|
|
9,600,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
Short-Term Securities |
|
|
|
|
|
9,600,000 |
|
|
|
|
|
|
|
|
|
|
|
8
|
|
BlackRock MuniYield Quality Fund, Inc. |
|
|
|
Schedule of Investments July 31, 2009 (Unaudited) |
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
|
|
Value |
|
|
|
|||||
|
Total Investments (Cost - $697,573,848*) - 165.7% |
|
$ |
679,788,740 |
|
|
Other Assets Less Liabilities - 1.3% |
|
|
5,242,310 |
|
|
Liability for Trust Certificates, Including Interest Expense and Fees Payable - (23.2)% |
|
|
(94,987,633 |
) |
|
Preferred Shares, at Redemption Value - (43.8)% |
|
|
(179,738,461 |
) |
|
|
|
|
|
|
|
Net Assets Applicable to Common Shares - 100.0% |
|
$ |
410,304,956 |
|
|
|
|
|
|
|
|
|
* |
The cost and unrealized appreciation (depreciation) of investments as of July 31, 2009, as computed for federal income tax purposes, were as follows: |
|
|
|
|
|
Aggregate cost |
|
$ |
602,929,468 |
|
|
|
|
|
|
Gross unrealized appreciation |
|
$ |
14,541,371 |
|
Gross unrealized depreciation |
|
|
(32,549,443 |
) |
|
|
|
|
|
Net unrealized depreciation |
|
$ |
(18,008,072 |
) |
|
|
|
|
|
|
|
(a) |
Represents 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 shown reflects the effective yield as of report date. |
|
|
(b) |
Represents a zero-coupon bond. Rate shown reflects the current yield as of report date. |
|
|
(c) |
US 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) |
Security is collateralized by Municipal or US Treasury Obligations. |
|
|
(e) |
Securities represent bonds transferred to a tender option bond trust in exchange for which the Fund acquired residual interest certificates. These securities serve as collateral in a financing transaction. |
|
|
(f) |
Represents the current yield as of report date. |
|
|
(g) |
Investments in companies considered to be an affiliate of the Fund, for purposes of Section 2(a)(3) of the Investment Company Act of 1940, were as follows: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Affiliate |
|
Net Activity |
|
Income |
|
||
|
|
|
|
|
|
||
FFI Institutional Tax-Exempt Fund |
|
|
(1,309,154 |
) |
$ |
14,069 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financial Accounting Standards Board Statement of Financial Accounting Standards No. 157, Fair Value Measurements clarifies the definition of fair value, establishes a framework for measuring fair values and requires additional disclosures about the use of fair value measurements. Various inputs are used in determining the fair value of investments, which are as follows: |
||
|
|
||
|
|
|
Level 1 - price quotations in active markets/exchanges for identical securities |
|
|
||
|
|
|
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 Funds own assumptions used in determining the fair value of investments) |
|
|
||
|
The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For information about the Funds policy regarding valuation of investments and other significant accounting policies, please refer to the Funds most recent financial statements as contained in its annual report. |
9
|
BlackRock MuniYield Quality Fund, Inc. |
|
Schedule of Investments July 31, 2009 (Unaudited) |
|
|
|
|
The following table summarizes the inputs used as of July 31, 2009 in determining the fair valuation of the Funds investments: |
|
|
|
|
|
|
|
|
|
|
|
|
Valuation |
|
|
Investments in |
|
|
Inputs |
|
|
Securities |
|
|
|
|
|
|
|
|
|
|
Assets |
|
||
|
|
|
|
||
Level 1 - Short-Term Securities |
|
$ |
9,600,000 |
|
|
Level 2 - Long-Term Investments1 |
|
|
670,188,740 |
|
|
Level 3 |
|
|
|
|
|
|
|
|
|
|
|
Total |
|
$ |
679,788,740 |
|
|
|
|
|
|
|
|
|
|
1 See above Schedule of Investments for values in each state or political classification. |
10
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 13(a)-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. |
||
Item 3 – |
Exhibits |
||
|
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, Inc. |
||
By: |
/s/ Anne F. Ackerley | ||
Anne F. Ackerley | |||
Chief Executive Officer of | |||
BlackRock MuniYield Quality Fund, Inc. | |||
Date: September 22, 2009 | |||
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/ Anne F. Ackerley | ||
Anne F. Ackerley | |||
Chief Executive Officer (principal executive officer) of | |||
BlackRock MuniYield Quality Fund, Inc. | |||
Date: September 22, 2009 | |||
By: |
/s/ Neal J. Andrews | ||
Neal J. Andrews | |||
Chief Financial Officer (principal financial officer) of | |||
BlackRock MuniYield Quality Fund, Inc. | |||
Date: September 22, 2009 |