Company: MYI
Filing Date: 2025-10-03
Form Type: N-CSR
Source: 0001193125-25-230138
Chunk: 38

Company: BLACKROCK MUNIYIELD QUALITY FUND III, INC.
Filing Date: 2025-10-03
Form: N-CSR
Chunk 38
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, 
 amortization methodsfor premiums on fixed income securities, treatment of                                                                                           
 residual interests in tender option bond trusts, the accrual of income on securities in default and the deferral of compensation todirectors.                       |

As of July 31, 2025, gross unrealized appreciation and depreciation based on cost of investments (including short positions and derivatives, if any) for U.S. federal income tax purposes were as follows:

| Fund Name |      Tax Cost | Gross UnrealizedAppreciation | Gross UnrealizedDepreciation | Net UnrealizedAppreciation(Depreciation) |
| BTA       |  $213,520,390 |                   $2,820,133 |                $(14,392,944) |                            $(11,572,811) |
| MUA       |   625,863,612 |                   11,646,411 |                  -54,176,630 |                              -42,530,219 |
| MYD       |   755,474,933 |                   15,982,905 |                  -27,973,556 |                              -11,990,651 |
| MQY       | 1,298,548,767 |                   27,286,297 |                  -41,118,593 |                              -13,832,296 |
| MYI       | 1,116,662,097 |                   27,933,489 |                  -30,963,143 |                               -3,029,654 |

9. PRINCIPAL RISKS In the normal course of business, the Funds invest in securities or other instruments and may enter into certain transactions, and such activities subject each Fund to various risks, including among others, fluctuations in the market (market risk) or failure of an issuer to meet all of its obligations. The value of securities or other instruments may also be affected by various factors, including, without limitation: (i) the general economy; (ii) the overall market as well as local, regional or global political and/or social instability; (iii) regulation, taxation, tariffs or international tax treaties between various countries; or (iv) currency, interest rate and price fluctuations. Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issues, recessions, or other events could have a significant impact on the Funds and their investments. The Funds may hold a significant amount of bonds subject to calls by the issuers at defined