Company: MYI
Filing Date: 2025-04-07
Form Type: N-CSRS
Source: 0001193125-25-074486
Chunk: 9

Company: BLACKROCK MUNIYIELD QUALITY FUND III, INC.
Filing Date: 2025-04-07
Form: N-CSRS
Chunk 9
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1.40 |     2.68 |
| High Yield Customized Reference Benchmark(c) |    1.53 |                         5.79 |    1.82 |      N/A |
| Bloomberg Municipal High Yield Bond Index(d) |    1.75 |                         7.62 |    2.32 |     4.18 |

| (a) 
 (b) 
 (c) | All returns reflect reinvestment of dividends and/or distributions at actual reinvestment prices. Performance results reflect the Fund’s use of leverage, if             
 any.                                                                                                                                                                     
 TheFund’s discount to NAV widened during the period, which accounts for the difference between performance based on market price and performance based on NAV.           
 The High Yield Customized Reference Benchmark is comprised of the Bloomberg Municipal Bond Rated Baa Index (20%), the Bloomberg Municipal Bond: High Yield               
 (non-InvestmentGrade) Total Return Index (60%) and the Bloomberg Municipal                                                                                               
 Investment Grade ex BBB Index (20%). The High Yield Customized Reference Benchmark commenced onSeptember 30, 2016.                                                       |
|:----|:-------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (d) | An index designed to measure the performance of U.S. dollar-denominated high-yield municipal bonds issued by U.S. states, the District of Columbia, U.S. territories and 
 localgovernments or agencies.                                                                                                                                            |

Performance results may include adjustments made for financial reporting purposes in accordance with U.S. generally accepted accounting principles.
Past performance is not an indication of future results. The Fund is presenting the performance of one or more indices for informational purposes only. The Fund is actively managed and does not seek to track or replicate the performance of any index. The index performance shown is not intended to be indicative of the Fund’s investment strategies, portfolio components or past or future performance. More information about the Fund’s historical performance can be found in the “Closed End Funds” section of blackrock.com .

Fund Summary 7

Fund Summary as of January 31, 2025 (continued) BlackRock MuniAssets Fund, Inc. (MUA) The following discussion relates to the Fund’s absolute performance based on NAV: Income contributed to the Fund’s return during the reporting period, but the benefit was largely offset by the impact of falling prices. The bond market faced headwinds from concerns that robust economic growth and sticky inflation would prompt the U.S. Federal Reserve to slow the pace of its interest rate cuts. Holdings in the tax-backed state