Company: MYI
Filing Date: 2025-04-07
Form Type: N-CSRS
Source: 0001193125-25-074486
Chunk: 18

Company: BLACKROCK MUNIYIELD QUALITY FUND III, INC.
Filing Date: 2025-04-07
Form: N-CSRS
Chunk 18
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 |             5,534,623 | $93,779 | $—                                           |

| (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 at the measurement date. For a description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to the Notes to 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                                    |         |             |         |             |
| Corporate Bonds                                          | $—      |  $1,485,981 | $—      |  $1,485,981 |
| Municipal Bonds                                          | —       | 605,318,131 | —       | 605,318,131 |
| Municipal Bonds Transferred to Tender Option Bond Trusts | —       |  16,156,937 | —       |  16,156,937 |

Schedule of Investments 33

Schedule of Investments (unaudited) (continued) January 31, 2025 BlackRock MuniAssets Fund, Inc. (MUA)

Fair Value Hierarchy as of Period End (continued)

|                         |    Level 1 |      Level 2 |    Level 3 |        Total |
| Short-Term Securities   |            |              |            |              |
| Money Market Funds      | $5,535,177 |           $— |         $— |   $5,535,177 |
| Unfunded Commitments(a) |          — |            — |  2,265,027 |    2,265,027 |
|                         | $5,535,177 | $622,961,049 | $2,265,027 | $630,761,253 |

| (a) | Unfunded commitments are valued at the unrealized appreciation (depreciation) on the 
 commitment.                                                                          |

The Fund may hold assets and/or liabilities in which the fair value approximates the carrying amount for financial statement purposes. As of period end, such assets and/or liabilities are categorized within the fair value hierarchy as follows