# EDGAR Filing Document

**Accession Number:** 0000890393
**File Stem:** 0001410368-25-043444
**Filing Date:** 2025-12
**Character Count:** 92534
**Document Hash:** 9a7d0252a079bf3dca6665380bf98236
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-25-043444.hdr.sgml**: 20251229

**ACCESSION NUMBER**: 0001410368-25-043444

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251031

**FILED AS OF DATE**: 20251229

**DATE AS OF CHANGE**: 20251229

**PERIOD START**: 20260731

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BLACKROCK MUNIYIELD MICHIGAN QUALITY FUND, INC.
- **CENTRAL INDEX KEY:** 0000890393

**ORGANIZATION NAME:**
- **EIN:** 223196060
- **STATE OF INCORPORATION:** NJ
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07080
- **FILM NUMBER:** 251606854

**BUSINESS ADDRESS:**
- **STREET 1:** 100 BELLEVUE PARKWAY
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19809-3700
- **BUSINESS PHONE:** (800) 882-0052

**MAIL ADDRESS:**
- **STREET 1:** 100 BELLEVUE PARKWAY
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19809-3700

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BLACKROCK MUNIYIELD MICHIGAN INSURED FUND, INC.
- **DATE OF NAME CHANGE:** 20070611

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MUNIYIELD MICHIGAN INSURED FUND INC
- **DATE OF NAME CHANGE:** 20020620

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MUNIYIELD MICHIGAN INSURED FUND II INC
- **DATE OF NAME CHANGE:** 20020620

## Nport-Ex

October 31, 2025

2025 Quarterly Report <br>&nbsp;&nbsp;&nbsp;&nbsp;(Unaudited)<br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**BlackRock MuniYield Michigan Quality Fund, Inc. (MIY)**<br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**Not FDIC Insured • May Lose Value • No Bank Guarantee**<br>

------

Schedule of Investments (unaudited)

October 31, 2025

**BlackRock MuniYield Michigan Quality Fund, Inc. (MIY)** 

**(Percentages shown are based on Net Assets)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| *Security* | *Par* <br>*(000)*<br>| *Value* |
| **Municipal Bonds** | **Municipal Bonds** | **Municipal Bonds** |
| **Alabama**<sup>(a)</sup> **— 2.5%** | **Alabama**<sup>(a)</sup> **— 2.5%** |  |
| **Corporate — 2.5%** | **Corporate — 2.5%** |  |
| Black Belt Energy Gas District, RB |  |  |
| &nbsp;&nbsp;&nbsp; Series B, 5.00%, 10/01/55 | $3000 | &nbsp;&nbsp; $3257376 |
| &nbsp;&nbsp;&nbsp; Series D, 5.00%, 03/01/55 | 2880 | &nbsp;&nbsp; 3122913 |
| &nbsp;&nbsp;&nbsp; Southeast Alabama Gas Supply District, Refunding RB, <br> Series B, 5.00%, 06/01/49<br>| 2500 | &nbsp;&nbsp; 2707800 |
| **Total Municipal Bonds in Alabama** | **Total Municipal Bonds in Alabama** | &nbsp;&nbsp; 9088089 |
| **California**<sup>(a)</sup> **— 4.6%** | **California**<sup>(a)</sup> **— 4.6%** |  |
| **Corporate — 4.2%** | **Corporate — 4.2%** |  |
| &nbsp;&nbsp;&nbsp; California Community Choice Financing Authority, RB, <br> Series B, Sustainability Bonds, 5.00%, 01/01/55<br>| 14470 | &nbsp;&nbsp; 15367932 |
| **Transportation — 0.4%** | **Transportation — 0.4%** |  |
| &nbsp;&nbsp;&nbsp; California Infrastructure & Economic Development Bank, <br> Refunding RB, Series A, Class B, AMT, Sustainability <br> Bonds, 9.50%, 01/01/65<sup>(b)</sup><br>| 1765 | &nbsp;&nbsp; 1412000 |
| **Total Municipal Bonds in California** | **Total Municipal Bonds in California** | &nbsp;&nbsp; 16779932 |
| **Kentucky — 2.2%** | **Kentucky — 2.2%** |  |
| **Corporate — 2.2%** | **Corporate — 2.2%** |  |
| &nbsp;&nbsp;&nbsp; Kentucky Public Energy Authority, Refunding RB, <br> Series B, 5.00%, 01/01/55<sup>(a)</sup><br>| 7315 | &nbsp;&nbsp; 7945800 |
| **Michigan — 146.6%** | **Michigan — 146.6%** |  |
| **County/City/Special District/School District — 38.8%** | **County/City/Special District/School District — 38.8%** |  |
| &nbsp;&nbsp;&nbsp; Berkley School District, GO, Series II, (Q-SBLF), 5.00%, <br> 05/01/49<br>| 7475 | &nbsp;&nbsp; 7901949 |
| &nbsp;&nbsp;&nbsp; Byron Center Public Schools, GO, Series II, (Q-SBLF), <br> 5.25%, 05/01/53<br>| 5000 | &nbsp;&nbsp; 5313159 |
| Cedar Springs Public School District, GO |  |  |
| &nbsp;&nbsp;&nbsp; Series II, (Q-SBLF), 5.00%, 05/01/46 | 1100 | &nbsp;&nbsp; 1164524 |
| &nbsp;&nbsp;&nbsp; Series II, (Q-SBLF), 4.50%, 05/01/49 | 1950 | &nbsp;&nbsp; 1952612 |
| City of Grand Rapids Michigan, GOL, 5.00%, 04/01/50 | 3000 | &nbsp;&nbsp; 3163402 |
| City of Lansing Michigan, Refunding GO |  |  |
| &nbsp;&nbsp;&nbsp; Series B, (AGM), 4.00%, 06/01/43 | 2000 | &nbsp;&nbsp; 1955582 |
| &nbsp;&nbsp;&nbsp; Series B, (AGM), 4.13%, 06/01/48 | 5325 | &nbsp;&nbsp; 5105866 |
| &nbsp;&nbsp;&nbsp; Series B, (AGM), 5.00%, 06/01/48 | 4290 | &nbsp;&nbsp; 4473728 |
| Clarkston Community Schools, GO |  |  |
| &nbsp;&nbsp;&nbsp; Series I, (Q-SBLF), 5.00%, 05/01/45 | 6360 | &nbsp;&nbsp; 6688702 |
| &nbsp;&nbsp;&nbsp; Series I, (Q-SBLF), 5.00%, 05/01/47 | 2000 | &nbsp;&nbsp; 2091103 |
| Coopersville Area Public Schools, GO |  |  |
| &nbsp;&nbsp;&nbsp; Series I, (Q-SBLF), 4.00%, 05/01/48 | 295 | &nbsp;&nbsp; 278728 |
| &nbsp;&nbsp;&nbsp; Series I, (Q-SBLF), 4.13%, 05/01/52 | 600 | &nbsp;&nbsp; 563629 |
| County of Kalamazoo Michigan, GOL, 4.13%, 05/01/47 | 1375 | &nbsp;&nbsp; 1350380 |
| &nbsp;&nbsp;&nbsp; Gerald R Ford International Airport Authority, ARB, AMT, <br> (GTD), 5.00%, 01/01/54<br>| 2000 | &nbsp;&nbsp; 2047931 |
| &nbsp;&nbsp;&nbsp; Grand Rapids Public Schools, GO, (AGM), 5.00%, <br> 05/01/49<br>| 2000 | &nbsp;&nbsp; 2096026 |
| &nbsp;&nbsp;&nbsp; Gull Lake Community School District, GO, Series I, (Q-<br> SBLF), 5.00%, 05/01/48<br>| 4000 | &nbsp;&nbsp; 4059096 |
| &nbsp;&nbsp;&nbsp; Holly Area School District, GO, Series I, (Q-SBLF), <br> 5.25%, 05/01/48<br>| 8235 | &nbsp;&nbsp; 8727642 |
| Hudsonville Public Schools, Refunding GO |  |  |
| &nbsp;&nbsp;&nbsp; (Q-SBLF), 5.00%, 05/01/46 | 2500 | &nbsp;&nbsp; 2630157 |
| &nbsp;&nbsp;&nbsp; (Q-SBLF), 5.00%, 05/01/49 | 2375 | &nbsp;&nbsp; 2476877 |
| &nbsp;&nbsp;&nbsp; Karegnondi Water Authority, Refunding RB, 5.00%, <br> 11/01/41<br>| 2200 | &nbsp;&nbsp; 2248503 |
| Kentwood Public Schools, GO |  |  |
| &nbsp;&nbsp;&nbsp; Series II, (AGM), 5.00%, 05/01/46 | 6705 | &nbsp;&nbsp; 6997081 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par*<br> *(000)*<br>| *Value* |
| **County/City/Special District/School District (continued)** | **County/City/Special District/School District (continued)** |  |
| Kentwood Public Schools, GO (continued) |  |  |
| &nbsp;&nbsp;&nbsp; Series II, (AGM), 5.00%, 05/01/49 | 1295 | &nbsp;&nbsp; $1344670 |
| &nbsp;&nbsp;&nbsp; L'Anse Creuse Public Schools, GO, Series I, (Q-SBLF), <br> 5.00%, 05/01/49<br>| 9205 | &nbsp;&nbsp; 9698361 |
| &nbsp;&nbsp;&nbsp; Michigan Finance Authority, RB, 2nd Lien, (BAM-TCRS), <br> 4.00%, 11/01/50<br>| 1500 | &nbsp;&nbsp; 1407415 |
| Novi Community School District, GO |  |  |
| &nbsp;&nbsp;&nbsp; Series I, 5.00%, 05/01/44 | 1175 | &nbsp;&nbsp; 1220243 |
| &nbsp;&nbsp;&nbsp; Series II, 4.00%, 05/01/43 | 1320 | &nbsp;&nbsp; 1319157 |
| &nbsp;&nbsp;&nbsp; Okemos Public Schools, GO, Series II, (Q-SBLF), <br> 5.00%, 05/01/49<br>| 2750 | &nbsp;&nbsp; 2893016 |
| &nbsp;&nbsp;&nbsp; Rockford Public Schools, GO, Series II, (Q-SBLF), <br> 5.00%, 05/01/46<br>| 1505 | &nbsp;&nbsp; 1581378 |
| &nbsp;&nbsp;&nbsp; Southfield Public Schools, GO, (Q-SBLF), 5.25%, <br> 05/01/50<br>| 1250 | &nbsp;&nbsp; 1330738 |
| Three Rivers Community Schools, GO |  |  |
| &nbsp;&nbsp;&nbsp; Series II, (Q-SBLF), 4.13%, 05/01/46 | 2000 | &nbsp;&nbsp; 1969133 |
| &nbsp;&nbsp;&nbsp; Series II, (Q-SBLF), 4.25%, 05/01/49 | 7000 | &nbsp;&nbsp; 6798516 |
| Troy School District, GO |  |  |
| &nbsp;&nbsp;&nbsp; (Q-SBLF), 5.00%, 05/01/47 | 3360 | &nbsp;&nbsp; 3510863 |
| &nbsp;&nbsp;&nbsp; (Q-SBLF), 5.00%, 05/01/52 | 14710 | &nbsp;&nbsp; 15292294 |
| Walled Lake Consolidated School District, GO |  |  |
| &nbsp;&nbsp;&nbsp; (Q-SBLF), 5.00%, 05/01/45 | 2300 | &nbsp;&nbsp; 2378046 |
| &nbsp;&nbsp;&nbsp; (Q-SBLF), 5.00%, 05/01/47 | 1000 | &nbsp;&nbsp; 1035689 |
| &nbsp;&nbsp;&nbsp; (Q-SBLF), 5.00%, 05/01/49 | 2500 | &nbsp;&nbsp; 2573438 |
| &nbsp;&nbsp;&nbsp; (Q-SBLF), 5.00%, 05/01/50 | 1500 | &nbsp;&nbsp; 1556259 |
| Wayne-Westland Community Schools, GO |  |  |
| &nbsp;&nbsp;&nbsp; (Q-SBLF), 5.00%, 11/01/44 | 2360 | &nbsp;&nbsp; 2504912 |
| &nbsp;&nbsp;&nbsp; (Q-SBLF), 4.50%, 11/01/46 | 5250 | &nbsp;&nbsp; 5329973 |
| &nbsp;&nbsp;&nbsp; West Ottawa Public Schools, GO, (AGM), 4.00%, <br> 11/01/46<br>| 1730 | &nbsp;&nbsp; 1696150 |
| &nbsp;&nbsp;&nbsp; Williamston Community Schools School District, GO, <br> (Q-SBLF), 5.00%, 05/01/51<br>| 2250 | &nbsp;&nbsp; 2367721 |
|  |  | &nbsp;&nbsp; 141094649 |
| **Education — 20.8%** | **Education — 20.8%** |  |
| &nbsp;&nbsp;&nbsp; Eastern Michigan University, Refunding RB, (BAM), <br> 5.25%, 03/01/50<br>| 2000 | &nbsp;&nbsp; 2091456 |
| &nbsp;&nbsp;&nbsp; Ferris State University, Refunding RB, Series A, (AGM), <br> 5.00%, 10/01/49<br>| 2000 | &nbsp;&nbsp; 2109188 |
| Michigan Finance Authority, Refunding RB |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 02/01/33 | 730 | &nbsp;&nbsp; 750342 |
| &nbsp;&nbsp;&nbsp; 5.00%, 12/01/36 | 1550 | &nbsp;&nbsp; 1550377 |
| &nbsp;&nbsp;&nbsp; 5.00%, 12/01/40 | 2900 | &nbsp;&nbsp; 2842203 |
| &nbsp;&nbsp;&nbsp; 5.00%, 12/01/45 | 4400 | &nbsp;&nbsp; 4097309 |
| &nbsp;&nbsp;&nbsp; 4.00%, 09/01/50 | 1550 | &nbsp;&nbsp; 1331966 |
| Michigan State University, Refunding RB |  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 08/15/49 | 4835 | &nbsp;&nbsp; 5085745 |
| &nbsp;&nbsp;&nbsp; Series A, 5.25%, 02/15/50 | 10000 | &nbsp;&nbsp; 10757042 |
| &nbsp;&nbsp;&nbsp; Series A, 5.25%, 08/15/54 | 4525 | &nbsp;&nbsp; 4811940 |
| &nbsp;&nbsp;&nbsp; Series B, 4.00%, 02/15/44 | 2000 | &nbsp;&nbsp; 1955526 |
| &nbsp;&nbsp;&nbsp; Series B, 5.00%, 02/15/44 | 2000 | &nbsp;&nbsp; 2049232 |
| &nbsp;&nbsp;&nbsp; Series C, 4.00%, 02/15/44 | 1725 | &nbsp;&nbsp; 1686641 |
| Michigan Technological University, RB |  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 10/01/45 | 1800 | &nbsp;&nbsp; 1801030 |
| &nbsp;&nbsp;&nbsp; Series A, (AGM), 5.25%, 10/01/52 | 1675 | &nbsp;&nbsp; 1736578 |
| &nbsp;&nbsp;&nbsp; Series C, (AGM), 5.25%, 10/01/48 | 2500 | &nbsp;&nbsp; 2652171 |
| &nbsp;&nbsp;&nbsp; Northern Michigan University, RB, Series A, 5.50%, <br> 06/01/50<br>| 1000 | &nbsp;&nbsp; 1086863 |
| Oakland University, RB, 5.00%, 03/01/47 | 3500 | &nbsp;&nbsp; 3483806 |
| Wayne State University, RB, Series A, 4.00%, 11/15/48 | 8385 | &nbsp;&nbsp; 7931256 |

---

------

Schedule of Investments (unaudited)(continued)

October 31, 2025

**BlackRock MuniYield Michigan Quality Fund, Inc. (MIY)** 

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | *Par*<br> *(000)*<br>| *Value* |
| **Education (continued)** | **Education (continued)** |  |
| Western Michigan University, RB |  |  |
| &nbsp;&nbsp;&nbsp; Series A, (AGM), 5.00%, 11/15/51 | 1815 | &nbsp;&nbsp; $1859480 |
| &nbsp;&nbsp;&nbsp; Series A, (AGM), 5.00%, 11/15/53 | 5345 | &nbsp;&nbsp; 5465464 |
| Western Michigan University, Refunding RB |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 11/15/49 | 5650 | &nbsp;&nbsp; 5773812 |
| &nbsp;&nbsp;&nbsp; Series A, (AGM), 5.25%, 11/15/49 | 2500 | &nbsp;&nbsp; 2666059 |
|  |  | &nbsp;&nbsp; 75575486 |
| **Health — 15.9%** | **Health — 15.9%** |  |
| &nbsp;&nbsp;&nbsp; Kentwood Economic Development Corp., Refunding RB, <br> 4.00%, 11/15/43<br>| 750 | &nbsp;&nbsp; 645299 |
| &nbsp;&nbsp;&nbsp; Michigan Finance Authority, RB, Series A, 5.00%, <br> 11/15/48<br>| 6365 | &nbsp;&nbsp; 6448594 |
| Michigan Finance Authority, Refunding RB |  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 04/15/42 | 3210 | &nbsp;&nbsp; 3169177 |
| &nbsp;&nbsp;&nbsp; 4.00%, 11/15/46 | 8500 | &nbsp;&nbsp; 7822552 |
| &nbsp;&nbsp;&nbsp; Series 2, 4.00%, 03/01/51 | 4000 | &nbsp;&nbsp; 3518770 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 12/01/42 | 2250 | &nbsp;&nbsp; 2287175 |
| &nbsp;&nbsp;&nbsp; Series A, 4.00%, 12/01/49 | 4500 | &nbsp;&nbsp; 4022267 |
| &nbsp;&nbsp;&nbsp; Series S, 5.00%, 05/15/38 | 4890 | &nbsp;&nbsp; 4893710 |
| Michigan State Hospital Finance Authority, RB |  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 08/15/44 | 2700 | &nbsp;&nbsp; 2869484 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 08/15/45 | 2500 | &nbsp;&nbsp; 2645927 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 08/15/46 | 2500 | &nbsp;&nbsp; 2635049 |
| Michigan State Hospital Finance Authority, Refunding RB |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 05/15/30<sup>(c)</sup> | 3745 | &nbsp;&nbsp; 4130793 |
| &nbsp;&nbsp;&nbsp; 5.00%, 11/15/47 | 9285 | &nbsp;&nbsp; 9461745 |
| Michigan Strategic Fund, RB, 5.00%, 11/15/42 | 3500 | &nbsp;&nbsp; 3467760 |
|  |  | &nbsp;&nbsp; 58018302 |
| **Housing — 12.1%** | **Housing — 12.1%** |  |
| &nbsp;&nbsp;&nbsp; Michigan State Housing Development Authority, RB, M/F <br> Housing<br>|  |  |
| &nbsp;&nbsp;&nbsp; (GNMA), 4.75%, 04/20/37 | 2310 | &nbsp;&nbsp; 2311471 |
| &nbsp;&nbsp;&nbsp; Series A, 4.45%, 10/01/34 | 1000 | &nbsp;&nbsp; 1000432 |
| &nbsp;&nbsp;&nbsp; Series A, 4.63%, 10/01/39 | 3490 | &nbsp;&nbsp; 3491321 |
| &nbsp;&nbsp;&nbsp; Series A, 4.30%, 10/01/40 | 2145 | &nbsp;&nbsp; 2145032 |
| &nbsp;&nbsp;&nbsp; Series A, 4.75%, 10/01/44 | 5000 | &nbsp;&nbsp; 5001922 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 10/01/48 | 7000 | &nbsp;&nbsp; 7199216 |
| &nbsp;&nbsp;&nbsp; Series A, 2.55%, 10/01/51 | 5175 | &nbsp;&nbsp; 3433204 |
| &nbsp;&nbsp;&nbsp; Series A-1, 5.25%, 10/01/50 | 5000 | &nbsp;&nbsp; 5089000 |
| &nbsp;&nbsp;&nbsp; Michigan State Housing Development Authority, RB, S/F <br> Housing<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A, Sustainability Bonds, 4.85%, 12/01/45 | 2500 | &nbsp;&nbsp; 2544045 |
| &nbsp;&nbsp;&nbsp; Series A, Sustainability Bonds, 6.00%, 06/01/54 | 5705 | &nbsp;&nbsp; 6166452 |
| &nbsp;&nbsp;&nbsp; Series D, Sustainability Bonds, 5.50%, 06/01/53 | 5195 | &nbsp;&nbsp; 5464156 |
|  |  | &nbsp;&nbsp; 43846251 |
| **State — 24.3%** | **State — 24.3%** |  |
| Michigan Finance Authority, RB |  |  |
| &nbsp;&nbsp;&nbsp; Series F, 5.00%, 04/01/31 | 1000 | &nbsp;&nbsp; 1001474 |
| &nbsp;&nbsp;&nbsp; Series F, 5.25%, 10/01/41 | 8595 | &nbsp;&nbsp; 8612458 |
| Michigan State Building Authority, Refunding RB |  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 10/15/49 | 7000 | &nbsp;&nbsp; 6572437 |
| &nbsp;&nbsp;&nbsp; Series I, 4.00%, 10/15/46 | 3375 | &nbsp;&nbsp; 3214281 |
| &nbsp;&nbsp;&nbsp; Series I, 5.00%, 10/15/47 | 6000 | &nbsp;&nbsp; 6263248 |
| &nbsp;&nbsp;&nbsp; Series I, 5.25%, 10/15/50 | 4500 | &nbsp;&nbsp; 4850580 |
| Michigan Strategic Fund, RB |  |  |
| &nbsp;&nbsp;&nbsp; AMT, (AGM), 4.25%, 12/31/38 | 12000 | &nbsp;&nbsp; 12007369 |
| &nbsp;&nbsp;&nbsp; AMT, 5.00%, 12/31/43 | 15000 | &nbsp;&nbsp; 15016257 |
| &nbsp;&nbsp;&nbsp; AMT, (AGM), 4.50%, 06/30/48 | 3000 | &nbsp;&nbsp; 2818946 |
| State of Michigan Trunk Line Revenue, RB |  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 11/15/46 | 2000 | &nbsp;&nbsp; 1893314 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par*<br> *(000)*<br>| *Value* |
| **State (continued)** | **State (continued)** |  |
| State of Michigan Trunk Line Revenue, RB (continued) |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 11/15/46 | 3870 | &nbsp;&nbsp; $4089380 |
| &nbsp;&nbsp;&nbsp; 5.25%, 11/15/49 | 18000 | &nbsp;&nbsp; 19280020 |
| &nbsp;&nbsp;&nbsp; Series B, 5.00%, 11/15/45 | 2830 | &nbsp;&nbsp; 2923989 |
|  |  | &nbsp;&nbsp; 88543753 |
| **Tobacco — 2.6%** | **Tobacco — 2.6%** |  |
| Michigan Finance Authority, Refunding RB |  |  |
| &nbsp;&nbsp;&nbsp; Series A, Class 1, 4.00%, 06/01/39 | 1250 | &nbsp;&nbsp; 1220247 |
| &nbsp;&nbsp;&nbsp; Series A, Class 1, 4.00%, 06/01/49 | 3750 | &nbsp;&nbsp; 3242375 |
| &nbsp;&nbsp;&nbsp; Michigan Finance Authority, Refunding RB, CAB, <br> Series B-2, Class 2, 0.00%, 06/01/65<sup>(d)</sup><br>| 50000 | &nbsp;&nbsp; 5044870 |
|  |  | &nbsp;&nbsp; 9507492 |
| **Transportation — 8.4%** | **Transportation — 8.4%** |  |
| Gerald R Ford International Airport Authority, ARB |  |  |
| &nbsp;&nbsp;&nbsp; AMT, (GTD), 5.00%, 01/01/46 | 2250 | &nbsp;&nbsp; 2311846 |
| &nbsp;&nbsp;&nbsp; AMT, (GTD), 5.00%, 01/01/51 | 5435 | &nbsp;&nbsp; 5528835 |
| Wayne County Airport Authority, ARB |  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 12/01/46 | 6500 | &nbsp;&nbsp; 6718627 |
| &nbsp;&nbsp;&nbsp; Series A, (AGM), 5.25%, 12/01/48 | 3495 | &nbsp;&nbsp; 3728256 |
| &nbsp;&nbsp;&nbsp; Series A, 5.50%, 12/01/50 | 2000 | &nbsp;&nbsp; 2187177 |
| &nbsp;&nbsp;&nbsp; AMT, 5.00%, 12/01/48 | 2000 | &nbsp;&nbsp; 2016128 |
| &nbsp;&nbsp;&nbsp; Series B, AMT, 5.00%, 12/01/42 | 1000 | &nbsp;&nbsp; 1009646 |
| &nbsp;&nbsp;&nbsp; Series B, AMT, 5.75%, 12/01/50 | 1000 | &nbsp;&nbsp; 1098393 |
| Wayne County Airport Authority, Refunding RB |  |  |
| &nbsp;&nbsp;&nbsp; AMT, 5.00%, 12/01/32 | 2940 | &nbsp;&nbsp; 3081897 |
| &nbsp;&nbsp;&nbsp; Series F, AMT, 5.00%, 12/01/34 | 3000 | &nbsp;&nbsp; 3005056 |
|  |  | &nbsp;&nbsp; 30685861 |
| **Utilities — 23.7%** | **Utilities — 23.7%** |  |
| &nbsp;&nbsp;&nbsp; City of Detroit Michigan Water Supply System Revenue, <br> RB, Series A, Senior Lien, (NPFGC), 5.00%, 07/01/34<br>| 10 | &nbsp;&nbsp; 10018 |
| &nbsp;&nbsp;&nbsp; Great Lakes Water Authority Sewage Disposal System <br> Revenue, RB<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A, Senior Lien, 5.25%, 07/01/47 | 8000 | &nbsp;&nbsp; 8511670 |
| &nbsp;&nbsp;&nbsp; Series A, Senior Lien, 5.25%, 07/01/52 | 2000 | &nbsp;&nbsp; 2115278 |
| &nbsp;&nbsp;&nbsp; Series C, Senior Lien, 5.25%, 07/01/48 | 4685 | &nbsp;&nbsp; 5034187 |
| &nbsp;&nbsp;&nbsp; Great Lakes Water Authority Water Supply System <br> Revenue, RB<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series B, 2nd Lien, 5.00%, 07/01/46 | 3000 | &nbsp;&nbsp; 3014555 |
| &nbsp;&nbsp;&nbsp; Series A, Senior Lien, 5.25%, 07/01/52 | 4610 | &nbsp;&nbsp; 4875715 |
| &nbsp;&nbsp;&nbsp; Series B, Senior Lien, 5.25%, 07/01/48 | 10750 | &nbsp;&nbsp; 11551230 |
| &nbsp;&nbsp;&nbsp; Series B, Senior Lien, 5.25%, 07/01/53 | 3000 | &nbsp;&nbsp; 3205643 |
| &nbsp;&nbsp;&nbsp; Series C, Senior Lien, 5.25%, 07/01/50 | 3500 | &nbsp;&nbsp; 3776890 |
| Lansing Board of Water & Light, Refunding RB |  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 07/01/44 | 1750 | &nbsp;&nbsp; 1805337 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 07/01/48 | 20355 | &nbsp;&nbsp; 20850744 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 07/01/49 | 11275 | &nbsp;&nbsp; 11850113 |
| &nbsp;&nbsp;&nbsp; Michigan Finance Authority, RB, Sustainability Bonds, <br> 5.50%, 02/28/49<br>| 8985 | &nbsp;&nbsp; 9563564 |
|  |  | &nbsp;&nbsp; 86164944 |
| **Total Municipal Bonds in Michigan** | **Total Municipal Bonds in Michigan** | &nbsp;&nbsp; 533436738 |
| **New York — 0.9%** | **New York — 0.9%** |  |
| **Transportation — 0.9%** | **Transportation — 0.9%** |  |
| &nbsp;&nbsp;&nbsp; New York Transportation Development Corp., Refunding <br> RB, Series A, AMT, Sustainability Bonds, (AGM), <br> 5.25%, 12/31/54<br>| 3110 | &nbsp;&nbsp; 3202327 |

---

Schedule of Investments

------

Schedule of Investments (unaudited)(continued)

October 31, 2025

**BlackRock MuniYield Michigan Quality Fund, Inc. (MIY)** 

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | *Par*<br> *(000)*<br>| *Value* |
| **Puerto Rico — 3.3%** | **Puerto Rico — 3.3%** |  |
| **State — 3.3%** | **State — 3.3%** |  |
| &nbsp;&nbsp;&nbsp; Commonwealth of Puerto Rico, GO, Series A-1, <br> Restructured, 5.75%, 07/01/31<br>| $1061 | &nbsp;&nbsp; $1176436 |
| &nbsp;&nbsp;&nbsp; Puerto Rico Sales Tax Financing Corp. Sales Tax <br> Revenue, RB<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A-1, Restructured, 5.00%, 07/01/58 | 1375 | &nbsp;&nbsp; 1335456 |
| &nbsp;&nbsp;&nbsp; Series A-2, Restructured, 4.78%, 07/01/58 | 103 | &nbsp;&nbsp; 96861 |
| &nbsp;&nbsp;&nbsp; Series A-2, Restructured, 4.33%, 07/01/40 | 277 | &nbsp;&nbsp; 268550 |
| &nbsp;&nbsp;&nbsp; Series B-1, Restructured, 4.75%, 07/01/53 | 451 | &nbsp;&nbsp; 426421 |
| &nbsp;&nbsp;&nbsp; Series B-1, Restructured, 5.00%, 07/01/58 | 7076 | &nbsp;&nbsp; 6872499 |
| &nbsp;&nbsp;&nbsp; Series B-2, Restructured, 4.78%, 07/01/58 | 597 | &nbsp;&nbsp; 561417 |
| &nbsp;&nbsp;&nbsp; Puerto Rico Sales Tax Financing Corp. Sales Tax <br> Revenue, RB, CAB, Series A-1, Restructured, 0.00%, <br> 07/01/46<sup>(d)</sup><br>| 3368 | &nbsp;&nbsp; 1172173 |
| **Total Municipal Bonds in Puerto Rico** | **Total Municipal Bonds in Puerto Rico** | &nbsp;&nbsp; 11909813 |
| **Texas — 0.7%** | **Texas — 0.7%** |  |
| **Corporate — 0.7%** | **Corporate — 0.7%** |  |
| &nbsp;&nbsp;&nbsp; Texas Municipal Gas Acquisition & Supply Corp. V, RB, <br> 5.00%, 01/01/55<sup>(a)</sup><br>| 2540 | &nbsp;&nbsp; 2795689 |
| **Total Long-Term Investments — 160.8%** <br>**(Cost: $581,735,895)** | **Total Long-Term Investments — 160.8%** <br>**(Cost: $581,735,895)** | &nbsp;&nbsp; 585158388 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | <br>*Shares*<br>|  |
| **Short-Term Securities** | **Short-Term Securities** | **Short-Term Securities** |
| **Money Market Funds — 0.6%** | **Money Market Funds — 0.6%** |  |
| &nbsp;&nbsp;&nbsp; BlackRock Liquidity Funds, MuniCash, Institutional <br> Shares, 3.01%<sup>(e)(f)</sup><br>| 2228234 | &nbsp;&nbsp; 2228457 |
| **Total Short-Term Securities — 0.6%** <br>**(Cost: $2,228,270)** | **Total Short-Term Securities — 0.6%** <br>**(Cost: $2,228,270)** | &nbsp;&nbsp; 2228457 |
| **Total Investments — 161.4%** <br>**(Cost: $583,964,165)** | **Total Investments — 161.4%** <br>**(Cost: $583,964,165)** | &nbsp;&nbsp; 587386845 |
| **Other Assets Less Liabilities — 2.2%** | **Other Assets Less Liabilities — 2.2%** | &nbsp;&nbsp; 8064897 |
| **VRDP Shares at Liquidation Value, Net of Deferred Offering Costs —** <br> **(63.6)%** | **VRDP Shares at Liquidation Value, Net of Deferred Offering Costs —** <br> **(63.6)%** | &nbsp;&nbsp; (231578951)<br>|
| **Net Assets Applicable to Common Shares — 100.0%** | **Net Assets Applicable to Common Shares — 100.0%** | &nbsp;&nbsp; $363872791 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> 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. 

<sup>(b)</sup> 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. 

<sup>(c)</sup> 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. 

<sup>(d)</sup> Zero-coupon bond.

<sup>(e)</sup> Affiliate of the Fund.

<sup>(f)</sup> Annualized 7-day yield as of period end.

For purposes of this report, industry and sector sub-classifications may differ from those utilized by the Fund for compliance purposes.

**Affiliates**

Investments in issuers considered to be affiliate(s) of the Fund during the period ended October 31, 2025 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| *Affiliated Issuer* | *Value at* <br>*07/31/25*<br>| *Purchases* <br>*at Cost*<br>| *Net* <br>*Realized* <br>*Gain (Loss)*<br>| *Change in* <br>*Unrealized* <br>*Appreciation* <br>*(Depreciation)*<br>| *Value at* <br>*10/31/25*<br>| *Shares* <br>*Held at* <br>*10/31/25*<br>| *Income* | *Capital Gain* <br>*Distributions* <br>*from* <br>*Underlying* <br>*Funds*<br>|
| BlackRock Liquidity Funds, MuniCash, Institutional Shares | $8499551 | $—<br> $(6271094 )<sup>(a)</sup><br>| &nbsp;&nbsp; $28 | $(28)<br>| $2228457 | 2228234 | $24825 | $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Represents net amount purchased (sold).

------

Schedule of Investments (unaudited)(continued)

October 31, 2025

**BlackRock MuniYield Michigan Quality Fund, Inc. (MIY)** 

**Fair Value Hierarchy as of Period End**

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

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 2 – Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 3 – Inputs that are unobservable and significant to the entire fair value measurement for the asset or liability (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 that may not have a secondary market and/or may have 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 |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Investments  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Long-Term Investments  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Municipal Bonds | &nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $585158388 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $585158388 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Short-Term Securities  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Money Market Funds | &nbsp;&nbsp; 2228457 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 2228457 |
|  | &nbsp;&nbsp; $2228457 | &nbsp;&nbsp;&nbsp;&nbsp; $585158388 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $587386845 |

---

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 |  |  |  |  |
| &nbsp;&nbsp;&nbsp; VRDP Shares at Liquidation Value | &nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $(231900000)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $(231900000)<br>|
|  | &nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $(231900000)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $(231900000)<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **Portfolio Abbreviation**  | **Portfolio Abbreviation**  |
| AGM | Assured Guaranty Municipal Corp. |
| AMT | Alternative Minimum Tax |
| ARB | Airport Revenue Bonds  |
| BAM | Build America Mutual Assurance Co. |
| BAM-TCRS | &nbsp;&nbsp;&nbsp; Build America Mutual Assurance Co. - Transferable <br> Custodial Receipts<br>|
| CAB | Capital Appreciation Bonds |
| GNMA | Government National Mortgage Association |
| GO | General Obligation Bonds |
| GOL | General Obligation Ltd. |
| GTD | GTD Guaranteed |
| M/F | Multi-Family |
| NPFGC | National Public Finance Guarantee Corp. |
| Q-SBLF | Qualified School Bond Loan Fund |

---

---

| | |
|:---|:---|
| **Portfolio Abbreviation (continued)** | **Portfolio Abbreviation (continued)** |
| RB | Revenue Bonds |
| S/F | Single-Family |

---

Schedule of Investments

------

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** BlackRock MuniYield Michigan Quality Fund, Inc.

- **b. Investment Company Act file number:** 811-07080

- **c. CIK number of Registrant:** 0000890393

- **d. LEI of Registrant:** J3H1DOS8Q2FL9RVLS329

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 100 Bellevue Parkway

  - **City:** Wilmington

  - **State:** DE

  - **Foreign country:** US

  - **Zip / Postal Code:** 19809

  - **Telephone number:** 800-441-7762

**Item A.2. Information about the Series.**

- **a. Name of Series:** BlackRock MuniYield Michigan Quality Fund, Inc.

- **c. LEI of Series:** J3H1DOS8Q2FL9RVLS329

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2026-07-31

- **b. Date as of which information is reported:** 2025-10-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $598819675.97

**Total Liabilities:** $234863257.40

**Net Assets:** $363956418.57

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 1441.74000000 | **1-Year:** 3525.16000000 | **5-Year:** 283494.33000000 | **10-Year:** 116845.04000000 | **30-Year:** 75766.14000000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** 12029.99000000 | **10-Year:** 2154.41000000 | **30-Year:** 20202.61000000

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | 1.00%                | 4.74%                | 2.76%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-269704.86              | $2507835.06                                |
| Month 2  | $-101881.51              | $14817783.68                               |
| Month 3  | $12046.12                | $8400458.36                                |

**Designated Index Information**

- **Index Name:** Fund`s Designated Reference Portfolio is the Fund`s Securities Portfolio

- **Index Identifier:** Fund`s Designated Reference Portfolio is the Fund`s Securities Portfolio

### Schedule of Portfolio Investments

| Name                                                       | Title                                                        | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Berkley School District                                    | BERKLEY MI SCH DIST                                          | CUSIP: 084482DN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7475000 | PA      | $7901948.83   | 2.17%             | 2049-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                             | BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE            | CUSIP: 09182TEC7<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3257375.70   | 0.89%             | 2055-10-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                             | BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE            | CUSIP: 09182TEN3<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   2880000 | PA      | $3122913.60   | 0.86%             | 2055-03-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Byron Center Public Schools                                | BYRON CENTER MI PUBLIC SCHS                                  | CUSIP: 124511QZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5313159.00   | 1.46%             | 2053-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority            | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE  | CUSIP: 13013JEA0<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |  14470000 | PA      | $15367931.51  | 4.22%             | 2055-01-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank      | CALIFORNIA ST INFRASTRUCTURE & ECON DEV BANK REVENUE         | CUSIP: 13034A6B1<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |   1765000 | PA      | $1412000.00   | 0.39%             | 2065-01-01      | Floating      | 9.50%                 | No            |                  2 | On Loan: No      |
| Cedar Springs Public School District/MI                    | CEDAR SPRINGS MI PUBLIC SCH DIST                             | CUSIP: 150609KQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1164523.69   | 0.32%             | 2046-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cedar Springs Public School District/MI                    | CEDAR SPRINGS MI PUBLIC SCH DIST                             | CUSIP: 150609KR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1950000 | PA      | $1952612.42   | 0.54%             | 2049-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Clarkston Community Schools                                | CLARKSTON MI CMNTY SCHS                                      | CUSIP: 182252YP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6360000 | PA      | $6688701.97   | 1.84%             | 2045-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clarkston Community Schools                                | CLARKSTON MI CMNTY SCHS                                      | CUSIP: 182252YQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2091103.20   | 0.57%             | 2047-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Coopersville Area Public Schools                           | COOPERSVILLE MI AREA PUBLIC SCHS                             | CUSIP: 216876MP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    295000 | PA      | $278727.71    | 0.08%             | 2048-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Coopersville Area Public Schools                           | COOPERSVILLE MI AREA PUBLIC SCHS                             | CUSIP: 216876MQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $563628.54    | 0.15%             | 2052-05-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| City of Detroit MI Water Supply System Revenue             | DETROIT MI WTR SPLY SYS REVENUE                              | CUSIP: 251256CJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10018.23     | 0.00%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Eastern Michigan University                                | ESTRN MICHIGAN UNIV REVENUES                                 | CUSIP: 276731F43<br>LEI: 549300K3C21R17LKDU63 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2091455.80   | 0.57%             | 2050-03-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Ferris State University                                    | FERRIS MI ST UNIV REVENUE                                    | CUSIP: 315361MY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2109188.00   | 0.58%             | 2049-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Gerald R Ford International Airport Authority              | GERALD R FORD INTERNATIONAL ARPT AUTH MI REVENUE             | CUSIP: 373695AY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2311846.43   | 0.64%             | 2046-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Gerald R Ford International Airport Authority              | GERALD R FORD INTERNATIONAL ARPT AUTH MI REVENUE             | CUSIP: 373695AZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5435000 | PA      | $5528835.28   | 1.52%             | 2051-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Gerald R Ford International Airport Authority              | GERALD R FORD INTERNATIONAL ARPT AUTH MI REVENUE             | CUSIP: 373695CF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2047930.80   | 0.56%             | 2054-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Grand Rapids MI                                    | GRAND RAPIDS MI                                              | CUSIP: 386226P24<br>LEI: 254900GF6XDJ7XO6OR24 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3163401.90   | 0.87%             | 2050-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Grand Rapids Public Schools                                | GRAND RAPIDS MI PUBLIC SCHS                                  | CUSIP: 386280SR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2096026.00   | 0.58%             | 2049-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Great Lakes Water Authority Sewage Disposal System Revenue | GREAT LAKES MI WTR AUTH SEWAGE DISPOSAL SYS REVENUE          | CUSIP: 39081HDV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8000000 | PA      | $8511670.40   | 2.34%             | 2047-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Great Lakes Water Authority Sewage Disposal System Revenue | GREAT LAKES MI WTR AUTH SEWAGE DISPOSAL SYS REVENUE          | CUSIP: 39081HDW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2115277.60   | 0.58%             | 2052-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Great Lakes Water Authority Sewage Disposal System Revenue | GREAT LAKES MI WTR AUTH SEWAGE DISPOSAL SYS REVENUE          | CUSIP: 39081HFF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4685000 | PA      | $5034187.11   | 1.38%             | 2048-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Great Lakes Water Authority Water Supply System Revenue    | GREAT LAKES MI WTR AUTH WTR SPLY SYS REVENUE                 | CUSIP: 39081JAB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3014555.40   | 0.83%             | 2046-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Great Lakes Water Authority Water Supply System Revenue    | GREAT LAKES MI WTR AUTH WTR SPLY SYS REVENUE                 | CUSIP: 39081JEV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4610000 | PA      | $4875714.87   | 1.34%             | 2052-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Great Lakes Water Authority Water Supply System Revenue    | GREAT LAKES MI WTR AUTH WTR SPLY SYS REVENUE                 | CUSIP: 39081JGP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10750000 | PA      | $11551229.75  | 3.17%             | 2048-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Great Lakes Water Authority Water Supply System Revenue    | GREAT LAKES MI WTR AUTH WTR SPLY SYS REVENUE                 | CUSIP: 39081JGQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3205642.80   | 0.88%             | 2053-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Great Lakes Water Authority Water Supply System Revenue    | GREAT LAKES MI WTR AUTH WTR SPLY SYS REVENUE                 | CUSIP: 39081JJR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3776889.55   | 1.04%             | 2050-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Gull Lake Community School District                        | GULL LAKE MI CMNTY SCH DIST                                  | CUSIP: 402748MC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4059096.40   | 1.12%             | 2048-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Holly Area School District                                 | HOLLY MI AREA SCH DIST                                       | CUSIP: 435866TW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8235000 | PA      | $8727642.41   | 2.40%             | 2048-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Hudsonville Public Schools                                 | HUDSONVILLE MI PUBLIC SCHS                                   | CUSIP: 444240VA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2630157.00   | 0.72%             | 2046-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hudsonville Public Schools                                 | HUDSONVILLE MI PUBLIC SCHS                                   | CUSIP: 444240VB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2375000 | PA      | $2476877.05   | 0.68%             | 2049-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Kalamazoo MI                                     | KALAMAZOO CNTY MI                                            | CUSIP: 483195D75<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1375000 | PA      | $1350380.21   | 0.37%             | 2047-05-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Karegnondi Water Authority                                 | KAREGNONDI WTR AUTH MI                                       | CUSIP: 48563UBZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2200000 | PA      | $2248503.40   | 0.62%             | 2041-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentwood Economic Development Corp                         | KENTWOOD MI ECON DEV CORP                                    | CUSIP: 491740FB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $645298.95    | 0.18%             | 2043-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Kentwood Public Schools                                    | KENTWOOD MI PUBLIC SCHS                                      | CUSIP: 491746UX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6705000 | PA      | $6997080.53   | 1.92%             | 2046-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentwood Public Schools                                    | KENTWOOD MI PUBLIC SCHS                                      | CUSIP: 491746UY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1295000 | PA      | $1344669.98   | 0.37%             | 2049-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| L'Anse Creuse Public Schools                               | L'ANSE CREUSE MI PUBLIC SCHS                                 | CUSIP: 516228TM5<br>LEI: 549300L3W88HP5QUMY54 | Long             | DBT              | MUN               | US        |   9205000 | PA      | $9698361.31   | 2.66%             | 2049-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Lansing MI                                         | LANSING MI                                                   | CUSIP: 516372UA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1955582.20   | 0.54%             | 2043-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Lansing MI                                         | LANSING MI                                                   | CUSIP: 516372UB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5325000 | PA      | $5105865.60   | 1.40%             | 2048-06-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| City of Lansing MI                                         | LANSING MI                                                   | CUSIP: 516372UC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4290000 | PA      | $4473727.83   | 1.23%             | 2048-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lansing Board of Water & Light                             | LANSING MICH BRD WTR & LT UTIL SYS REV                       | CUSIP: 516391DC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1805337.10   | 0.50%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lansing Board of Water & Light                             | LANSING MICH BRD WTR & LT UTIL SYS REV                       | CUSIP: 516391DD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  20355000 | PA      | $20850743.99  | 5.73%             | 2048-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lansing Board of Water & Light                             | LANSING MICH BRD WTR & LT UTIL SYS REV                       | CUSIP: 516391FL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11275000 | PA      | $11850112.95  | 3.26%             | 2049-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                 | MICHIGAN ST FIN AUTH LTD OBLIG REVENUE                       | CUSIP: 594479CV7<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   2900000 | PA      | $2842203.00   | 0.78%             | 2040-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                 | MICHIGAN ST FIN AUTH LTD OBLIG REVENUE                       | CUSIP: 594479CW5<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   4400000 | PA      | $4097309.48   | 1.13%             | 2045-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                 | MICHIGAN ST FIN AUTH LTD OBLIG REVENUE                       | CUSIP: 594479CY1<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   1550000 | PA      | $1550377.12   | 0.43%             | 2036-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                 | MICHIGAN ST FIN AUTH LTD OBLIG REVENUE                       | CUSIP: 594479EN3<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |    730000 | PA      | $750341.96    | 0.21%             | 2033-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                 | MICHIGAN ST FIN AUTH LTD OBLIG REVENUE                       | CUSIP: 594479GL5<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   1550000 | PA      | $1331966.00   | 0.37%             | 2050-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                 | MICHIGAN ST FIN AUTH ACT 38 FACS SENIOR REVEUE               | CUSIP: 59447NBC9<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   8985000 | PA      | $9563563.92   | 2.63%             | 2049-02-28      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                 | MICHIGAN ST FIN AUTH REVENUE                                 | CUSIP: 59447PGV7<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001474.10   | 0.28%             | 2031-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                 | MICHIGAN ST FIN AUTH REVENUE                                 | CUSIP: 59447PGW5<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   8595000 | PA      | $8612458.16   | 2.37%             | 2041-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                 | MICHIGAN ST FIN AUTH REVENUE                                 | CUSIP: 59447T2L6<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3518769.60   | 0.97%             | 2051-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                 | MICHIGAN ST FIN AUTH REVENUE                                 | CUSIP: 59447T3V3<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   3210000 | PA      | $3169176.83   | 0.87%             | 2042-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                 | MICHIGAN ST FIN AUTH REVENUE                                 | CUSIP: 59447T5L3<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1407415.50   | 0.39%             | 2050-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                 | MICHIGAN ST FIN AUTH REVENUE                                 | CUSIP: 59447TAW3<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   4890000 | PA      | $4893710.53   | 1.34%             | 2038-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                 | MICHIGAN ST FIN AUTH REVENUE                                 | CUSIP: 59447TL50<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1220246.63   | 0.34%             | 2039-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                 | MICHIGAN ST FIN AUTH REVENUE                                 | CUSIP: 59447TL76<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   3750000 | PA      | $3242375.63   | 0.89%             | 2049-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                 | MICHIGAN ST FIN AUTH REVENUE                                 | CUSIP: 59447TM26<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |  50000000 | PA      | $5044870.00   | 1.39%             | 2065-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                 | MICHIGAN ST FIN AUTH REVENUE                                 | CUSIP: 59447TMQ3<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   8500000 | PA      | $7822552.55   | 2.15%             | 2046-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                 | MICHIGAN ST FIN AUTH REVENUE                                 | CUSIP: 59447TQU0<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2287174.95   | 0.63%             | 2042-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                 | MICHIGAN ST FIN AUTH REVENUE                                 | CUSIP: 59447TUH4<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   6365000 | PA      | $6448594.09   | 1.77%             | 2048-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                 | MICHIGAN ST FIN AUTH REVENUE                                 | CUSIP: 59447TXH1<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4022266.95   | 1.11%             | 2049-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Michigan State Housing Development Authority               | MICHIGAN ST HSG DEV AUTH LTD OBLG MFH REVENUE                | CUSIP: 594600AJ7<br>LEI: 549300NSWW1HVXE93T03 | Long             | DBT              | MUN               | US        |   2310000 | PA      | $2311471.24   | 0.64%             | 2037-04-20      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Michigan State Building Authority                          | MICHIGAN ST BLDG AUTH REVENUE                                | CUSIP: 594615GZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7000000 | PA      | $6572436.50   | 1.81%             | 2049-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Michigan State Building Authority                          | MICHIGAN ST BLDG AUTH REVENUE                                | CUSIP: 594615JY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3375000 | PA      | $3214281.49   | 0.88%             | 2046-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Michigan State Building Authority                          | MICHIGAN ST BLDG AUTH REVENUE                                | CUSIP: 594615KM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6263247.60   | 1.72%             | 2047-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan State Building Authority                          | MICHIGAN ST BLDG AUTH REVENUE                                | CUSIP: 594615PE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4850580.15   | 1.33%             | 2050-10-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Michigan State Housing Development Authority               | MICHIGAN ST HSG DEV AUTH SF MTGE REVENUE                     | CUSIP: 594654C60<br>LEI: 549300NSWW1HVXE93T03 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2544045.00   | 0.70%             | 2045-12-01      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Michigan State Housing Development Authority               | MICHIGAN ST HSG DEV AUTH SF MTGE REVENUE                     | CUSIP: 594654SG1<br>LEI: 549300NSWW1HVXE93T03 | Long             | DBT              | MUN               | US        |   5195000 | PA      | $5464155.55   | 1.50%             | 2053-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Michigan State Housing Development Authority               | MICHIGAN ST HSG DEV AUTH SF MTGE REVENUE                     | CUSIP: 594654WT8<br>LEI: 549300NSWW1HVXE93T03 | Long             | DBT              | MUN               | US        |   5705000 | PA      | $6166451.78   | 1.69%             | 2054-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Michigan State Hospital Finance Authority                  | MICHIGAN ST HOSP FIN AUTH                                    | CUSIP: 59465HXB7<br>LEI: 54930011MIBQ2P7ZNM19 | Long             | DBT              | MUN               | US        |   2700000 | PA      | $2869483.59   | 0.79%             | 2044-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan State Hospital Finance Authority                  | MICHIGAN ST HOSP FIN AUTH                                    | CUSIP: 59465HXC5<br>LEI: 54930011MIBQ2P7ZNM19 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2645926.75   | 0.73%             | 2045-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan State Hospital Finance Authority                  | MICHIGAN ST HOSP FIN AUTH                                    | CUSIP: 59465HXD3<br>LEI: 54930011MIBQ2P7ZNM19 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2635049.00   | 0.72%             | 2046-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan State Hospital Finance Authority                  | MICHIGAN ST HOSP FIN AUTH                                    | CUSIP: 59465HXM3<br>LEI: 54930011MIBQ2P7ZNM19 | Long             | DBT              | MUN               | US        |   3745000 | PA      | $4130792.67   | 1.13%             | 2047-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan State Hospital Finance Authority                  | MICHIGAN ST HOSP FIN AUTH                                    | CUSIP: 59465HXN1<br>LEI: 54930011MIBQ2P7ZNM19 | Long             | DBT              | MUN               | US        |   9285000 | PA      | $9461745.55   | 2.60%             | 2047-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan State Housing Development Authority               | MICHIGAN ST HSG DEV AUTH RENTAL HSG REVENUE                  | CUSIP: 59465MM28<br>LEI: 549300NSWW1HVXE93T03 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000432.30   | 0.27%             | 2034-10-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Michigan State Housing Development Authority               | MICHIGAN ST HSG DEV AUTH RENTAL HSG REVENUE                  | CUSIP: 59465MM36<br>LEI: 549300NSWW1HVXE93T03 | Long             | DBT              | MUN               | US        |   3490000 | PA      | $3491321.31   | 0.96%             | 2039-10-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| Michigan State Housing Development Authority               | MICHIGAN ST HSG DEV AUTH RENTAL HSG REVENUE                  | CUSIP: 59465MM44<br>LEI: 549300NSWW1HVXE93T03 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5001922.00   | 1.37%             | 2044-10-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Michigan State Housing Development Authority               | MICHIGAN ST HSG DEV AUTH RENTAL HSG REVENUE                  | CUSIP: 59465MQ57<br>LEI: 549300NSWW1HVXE93T03 | Long             | DBT              | MUN               | US        |   2145000 | PA      | $2145032.18   | 0.59%             | 2040-10-01      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Michigan State Housing Development Authority               | MICHIGAN ST HSG DEV AUTH RENTAL HSG REVENUE                  | CUSIP: 59465PAY4<br>LEI: 549300NSWW1HVXE93T03 | Long             | DBT              | MUN               | US        |   5175000 | PA      | $3433204.19   | 0.94%             | 2051-10-01      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| Michigan State Housing Development Authority               | MICHIGAN ST HSG DEV AUTH RENTAL HSG REVENUE                  | CUSIP: 59465PEJ3<br>LEI: 549300NSWW1HVXE93T03 | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7199215.80   | 1.98%             | 2048-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan State Housing Development Authority               | MICHIGAN ST HSG DEV AUTH RENTAL HSG REVENUE                  | CUSIP: 59465PGQ5<br>LEI: 549300NSWW1HVXE93T03 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5089000.00   | 1.40%             | 2050-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| State of Michigan Trunk Line Revenue                       | MICHIGAN ST TRUNK LINE                                       | CUSIP: 5946952F4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2830000 | PA      | $2923988.55   | 0.80%             | 2045-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Michigan Trunk Line Revenue                       | MICHIGAN ST TRUNK LINE                                       | CUSIP: 5946953A4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1893314.20   | 0.52%             | 2046-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Michigan Trunk Line Revenue                       | MICHIGAN ST TRUNK LINE                                       | CUSIP: 5946954P0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3870000 | PA      | $4089380.24   | 1.12%             | 2046-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Michigan Trunk Line Revenue                       | MICHIGAN ST TRUNK LINE                                       | CUSIP: 5946954Q8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  18000000 | PA      | $19280019.60  | 5.30%             | 2049-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Michigan Strategic Fund                                    | MICHIGAN ST STRATEGIC FUND LTD OBLG REVENUE                  | CUSIP: 594698PM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3467760.45   | 0.95%             | 2042-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan Strategic Fund                                    | MICHIGAN ST STRATEGIC FUND LTD OBLG REVENUE                  | CUSIP: 594698QS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12000000 | PA      | $12007369.20  | 3.30%             | 2038-12-31      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Michigan Strategic Fund                                    | MICHIGAN ST STRATEGIC FUND LTD OBLG REVENUE                  | CUSIP: 594698QT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15000000 | PA      | $15016257.00  | 4.13%             | 2043-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan Strategic Fund                                    | MICHIGAN ST STRATEGIC FUND LTD OBLG REVENUE                  | CUSIP: 594698QU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2818946.10   | 0.77%             | 2048-06-30      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Michigan State University                                  | MICHIGAN ST UNIV REVENUES                                    | CUSIP: 594712C66<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10757042.00  | 2.96%             | 2050-02-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Michigan State University                                  | MICHIGAN ST UNIV REVENUES                                    | CUSIP: 594712VD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1955525.60   | 0.54%             | 2044-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Michigan State University                                  | MICHIGAN ST UNIV REVENUES                                    | CUSIP: 594712VE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2049231.60   | 0.56%             | 2044-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan State University                                  | MICHIGAN ST UNIV REVENUES                                    | CUSIP: 594712WH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1725000 | PA      | $1686640.83   | 0.46%             | 2044-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Michigan State University                                  | MICHIGAN ST UNIV REVENUES                                    | CUSIP: 594712ZG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4835000 | PA      | $5085745.03   | 1.40%             | 2049-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan State University                                  | MICHIGAN ST UNIV REVENUES                                    | CUSIP: 594712ZH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4525000 | PA      | $4811940.21   | 1.32%             | 2054-08-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Michigan Technological University                          | MICHIGAN ST TECH UNIV REVENUES                               | CUSIP: 594746PE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1801029.78   | 0.49%             | 2045-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan Technological University                          | MICHIGAN ST TECH UNIV REVENUES                               | CUSIP: 594746QU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1675000 | PA      | $1736577.69   | 0.48%             | 2052-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Michigan Technological University                          | MICHIGAN ST TECH UNIV REVENUES                               | CUSIP: 594746SE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2652171.00   | 0.73%             | 2048-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                   | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE               | CUSIP: 650116HT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3110000 | PA      | $3202327.50   | 0.88%             | 2054-12-31      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Northern Michigan University                               | NTHRN MI UNIV REVENUES                                       | CUSIP: 665398PS6<br>LEI: 549300Y2Q94GGNQC7X56 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1086863.40   | 0.30%             | 2050-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Novi Community School District                             | NOVI MI CMNTY SCH DIST                                       | CUSIP: 670029VU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1175000 | PA      | $1220243.02   | 0.34%             | 2044-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Novi Community School District                             | NOVI MI CMNTY SCH DIST                                       | CUSIP: 670029WR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1320000 | PA      | $1319156.92   | 0.36%             | 2043-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Oakland University                                         | OAKLAND UNIV MI REVENUE                                      | CUSIP: 673588HF9<br>LEI: 549300O12XLW6O082V10 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3483806.55   | 0.96%             | 2047-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Okemos Public Schools                                      | OKEMOS MI PUBLIC SCH DIST                                    | CUSIP: 678467PG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2893016.50   | 0.79%             | 2049-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky Public Energy Authority                           | KENTUCKY ST PUBLIC ENERGY AUTH GAS SPLY REVENUE              | CUSIP: 74440DFC3<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |   7315000 | PA      | $7945799.52   | 2.18%             | 2055-01-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                | PUERTO RICO CMWLTH                                           | CUSIP: 74514L3J4<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   1060985 | PA      | $1176435.87   | 0.32%             | 2031-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue     | PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE            | CUSIP: 74529JPX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1375000 | PA      | $1335455.96   | 0.37%             | 2058-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue     | PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE            | CUSIP: 74529JQG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3368000 | PA      | $1172173.46   | 0.32%             | 2046-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue     | PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE            | CUSIP: 74529JQL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    451000 | PA      | $426421.40    | 0.12%             | 2053-07-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue     | PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE            | CUSIP: 74529JQM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7076000 | PA      | $6872499.19   | 1.89%             | 2058-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue     | PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE            | CUSIP: 74529JRH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    277000 | PA      | $268550.03    | 0.07%             | 2040-07-01      | Fixed         | 4.33%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue     | PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE            | CUSIP: 74529JRL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    103000 | PA      | $96860.83     | 0.03%             | 2058-07-01      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue     | PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE            | CUSIP: 74529JRP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    597000 | PA      | $561416.65    | 0.15%             | 2058-07-01      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| Rockford Public Schools                                    | ROCKFORD MI PUBLIC SCH DIST                                  | CUSIP: 773318XA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1505000 | PA      | $1581378.15   | 0.43%             | 2046-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Alabama Gas Supply District/The                  | S E ALABAMA ST GAS SPLY DIST GAS SPLY REVENUE                | CUSIP: 84131TBT8<br>LEI: 549300BL04JIB2GJZ178 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2707800.00   | 0.74%             | 2049-06-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Southfield Public Schools                                  | SOUTHFIELD MI PUBLIC SCHS                                    | CUSIP: 844215SP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1330737.88   | 0.37%             | 2050-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Texas Municipal Gas Acquisition & Supply Corp V            | TEXAS ST MUNI GAS ACQUISITION & SPLY CORP V GAS SPLY REVENUE | CUSIP: 88256RAK2<br>LEI: 254900XZ4J30QIJO9G03 | Long             | DBT              | MUN               | US        |   2540000 | PA      | $2795688.85   | 0.77%             | 2055-01-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Three Rivers Community Schools                             | THREE RIVERS MI CMNTY SCHS                                   | CUSIP: 88567AJL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1969132.60   | 0.54%             | 2046-05-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Three Rivers Community Schools                             | THREE RIVERS MI CMNTY SCHS                                   | CUSIP: 88567AJP3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7000000 | PA      | $6798516.20   | 1.87%             | 2049-05-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Troy School District/MI                                    | TROY MI CITY SCH DIST                                        | CUSIP: 897404TZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3360000 | PA      | $3510862.66   | 0.96%             | 2047-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Troy School District/MI                                    | TROY MI CITY SCH DIST                                        | CUSIP: 897404UB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  14710000 | PA      | $15292293.88  | 4.20%             | 2052-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Walled Lake Consolidated School District                   | WALLED LAKE MI CONSOL SCH DIST                               | CUSIP: 932423VD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2300000 | PA      | $2378046.36   | 0.65%             | 2045-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Walled Lake Consolidated School District                   | WALLED LAKE MI CONSOL SCH DIST                               | CUSIP: 932423WT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1035688.70   | 0.28%             | 2047-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Walled Lake Consolidated School District                   | WALLED LAKE MI CONSOL SCH DIST                               | CUSIP: 932423WU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2573438.00   | 0.71%             | 2049-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Walled Lake Consolidated School District                   | WALLED LAKE MI CONSOL SCH DIST                               | CUSIP: 932423YN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1556258.85   | 0.43%             | 2050-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wayne County Airport Authority                             | WAYNE CNTY MI ARPT AUTH REVENUE                              | CUSIP: 944514C63<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6500000 | PA      | $6718626.85   | 1.85%             | 2046-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wayne County Airport Authority                             | WAYNE CNTY MI ARPT AUTH REVENUE                              | CUSIP: 944514H76<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3495000 | PA      | $3728255.95   | 1.02%             | 2048-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Wayne County Airport Authority                             | WAYNE CNTY MI ARPT AUTH REVENUE                              | CUSIP: 944514S66<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2187176.60   | 0.60%             | 2050-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Wayne County Airport Authority                             | WAYNE CNTY MI ARPT AUTH REVENUE                              | CUSIP: 944514TL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3005056.50   | 0.83%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wayne County Airport Authority                             | WAYNE CNTY MI ARPT AUTH REVENUE                              | CUSIP: 944514U89<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1098392.70   | 0.30%             | 2050-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Wayne County Airport Authority                             | WAYNE CNTY MI ARPT AUTH REVENUE                              | CUSIP: 944514XP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1009646.00   | 0.28%             | 2042-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wayne County Airport Authority                             | WAYNE CNTY MI ARPT AUTH REVENUE                              | CUSIP: 944514ZJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2016127.60   | 0.55%             | 2048-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wayne County Airport Authority                             | WAYNE CNTY MI ARPT AUTH REVENUE                              | CUSIP: 944514ZZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2940000 | PA      | $3081897.04   | 0.85%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wayne State University                                     | WAYNE MI ST UNIV REVENUES                                    | CUSIP: 946303ZU1<br>LEI: 549300GWQMQVAS66E613 | Long             | DBT              | MUN               | US        |   8385000 | PA      | $7931255.79   | 2.18%             | 2048-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Wayne-Westland Community Schools                           | WAYNE WESTLAND MI CMNTY SCHS                                 | CUSIP: 946498KQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2360000 | PA      | $2504912.02   | 0.69%             | 2044-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wayne-Westland Community Schools                           | WAYNE WESTLAND MI CMNTY SCHS                                 | CUSIP: 946498KR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5250000 | PA      | $5329973.25   | 1.46%             | 2046-11-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| West Ottawa Public Schools                                 | WEST OTTAWA MI PUBLIC SCH DIST                               | CUSIP: 955023VY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1730000 | PA      | $1696149.61   | 0.47%             | 2046-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Western Michigan University                                | WSTRN MI UNIV                                                | CUSIP: 958638B56<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2666058.75   | 0.73%             | 2049-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Western Michigan University                                | WSTRN MI UNIV                                                | CUSIP: 958638WP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5650000 | PA      | $5773811.84   | 1.59%             | 2049-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Western Michigan University                                | WSTRN MI UNIV                                                | CUSIP: 958638YB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1815000 | PA      | $1859479.66   | 0.51%             | 2051-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Western Michigan University                                | WSTRN MI UNIV                                                | CUSIP: 958638YC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5345000 | PA      | $5465464.54   | 1.50%             | 2053-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BlackRock Liquidity Funds                                  | BlackRock Liquidity Funds: MuniCash, Institutional Shares    | CUSIP: 09248U841<br>LEI: 5493007YVNX55LTRQ706 | Long             | STIV             | RF                | US        |   2993497 | NS      | $2993796.35   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Williamston Community Schools School District              | WILLIAMSTON MI CMNTY SCHS SCH DIST                           | CUSIP: 970294EE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2367720.68   | 0.65%             | 2051-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-11-28

**Name of Applicant:** BlackRock MuniYield Michigan Quality Fund, Inc.

**Signature:** Chuck Pulsfort

**Name of Signer:** Chuck Pulsfort

**Title:** Assistant Treasurer