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UNITEDSTATES
SECURITIESANDEXCHANGECOMMISSION
Washington,D.C.20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number 811-07136

Name of Fund: BlackRock MuniYield Pennsylvania Quality Fund (MPA)

Fund Address: 100 Bellevue Parkway, Wilmington, DE 19809

Name and address of agent for service: Anne F. Ackerley, Chief Executive Officer, BlackRock
MuniYield Pennsylvania Quality Fund, 55 East 52nd Street, New York, NY 10055

Registrant’s telephone number, including area code: (800) 882-0052, Option 4

Date of fiscal year end: 07/31/2011

Date of reporting period: 10/31/2010

Item 1 – Schedule of Investments



Schedule of Investments October 31, 2010 (Unaudited)

BlackRock MuniYield Pennsylvania Quality Fund (MPA)
(Percentages shown are based on Net Assets)

    Par   
Municipal Bonds    (000)  Value 
Pennsylvania — 107.1%       
Corporate — 6.1%       
Beaver County IDA, Refunding RB,       
VRDN, FirstEnergy, Mandatory Put       
Bonds, 3.38%, 1/01/35  $ 1,200  $ 1,197,132 
Delaware County IDA Pennsylvania,       
Refunding RB, Water Facilities, Aqua     
Pennsylvania Inc. Project, Series B,     
AMT (NPFGC), 5.00%, 11/01/36    2,520  2,553,365 
Northumberland County IDA, Refunding     
RB, Aqua Pennsylvania Inc. Project,     
AMT (NPFGC), 5.05%, 10/01/39    6,000  6,046,440 
Pennsylvania Economic Development     
Financing Authority, RB, Waste       
Management Inc. Project, Series A,     
AMT, 5.10%, 10/01/27    1,200  1,218,120 
      11,015,057 
County/City/Special District/School District — 41.1%   
Chambersburg Area School District, GO     
(NPFGC):       
5.25%, 3/01/26    2,115  2,296,594 
5.25%, 3/01/27    2,500  2,703,050 
City of Philadelphia Pennsylvania, GO,     
Refunding, Series A (AGM), 5.25%,     
12/15/32    7,000  7,310,100 
Connellsville Area School District, GO,     
Series B (AGM), 5.00%, 11/15/37    1,000  1,018,330 
Delaware Valley Regional Financial       
Authority, RB, Series A (AMBAC),       
5.50%, 8/01/28    2,230  2,417,721 
East Stroudsburg Area School District,     
GO, Series A (NPFGC), 7.75%,       
9/01/27    2,000  2,479,860 
Erie County Conventional Center       
Authority, RB (NPFGC), 5.00%,       
1/15/36    8,850  9,044,700 
Marple Newtown School District, GO       
(AGM), 5.00%, 6/01/31    3,500  3,739,050 
North Allegheny School District, GO,       
Series C (AGM), 5.25%, 5/01/27    2,175  2,287,795 
Northeastern School District York       
County, GO, Series B (NPFGC), 5.00%,     
4/01/32    1,585  1,656,579 
Philadelphia Redevelopment Authority,     
RB (NPFGC):       
Neighborhood Transformation,       
Series A, 5.50%, 4/15/22    1,750  1,815,712 

 

    Par   
Municipal Bonds    (000)  Value 
Pennsylvania (continued)       
County/City/Special District/School       
District (concluded)       
Philadelphia Redevelopment Authority,     
RB (NPFGC) (concluded):       
Quality Redevelopment       
Neighborhood, Series B, AMT,       
5.00%, 4/15/27  $ 4,645  $ 4,655,916 
Philadelphia School District, GO,       
Refunding, Series A (BHAC), 5.00%,     
6/01/34    1,000  1,086,470 
Philadelphia School District, GO:       
Series B (FGIC), 5.63%, 8/01/12 (a)  7,500  8,175,525 
Series E, 6.00%, 9/01/38    4,800  5,234,448 
Reading School District, GO (AGM),       
5.00%, 1/15/29    6,000  6,311,040 
Scranton School District Pennsylvania,     
GO, Series A (AGM), 5.00%, 7/15/38  3,500  3,628,345 
Shaler Area School District       
Pennsylvania, GO, CAB (Syncora),       
4.81%, 9/01/30 (b)    6,145  2,331,106 
Township of North Londonderry       
Pennsylvania, GO (AGM), 4.75%,       
9/01/40    4,360  4,454,220 
York City School District, GO, Series A     
(Syncora), 5.25%, 6/01/22    1,040  1,121,869 
      73,768,430 
Education — 6.4%       
Adams County IDA, Refunding RB,       
Gettysburg College, 5.00%, 8/15/26  100  108,032 
Pennsylvania Higher Educational       
Facilities Authority, RB (NPFGC):       
Drexel University, Series A, 5.00%,     
5/01/37    2,250  2,295,270 
Series AE, 4.75%, 6/15/32    8,845  9,059,403 
      11,462,705 
Health — 15.1%       
Allegheny County Hospital Development     
Authority, RB, Health Center, UPMC     
Health, Series B (NPFGC), 6.00%,       
7/01/26    2,000  2,389,720 
County of Lehigh Pennsylvania, RB,       
Lehigh Valley Health Network, Series     
A (AGM), 5.00%, 7/01/33    7,995  8,214,863 
Cumberland County Municipal Authority,     
RB, Diakon Lutheran, 6.38%,       
1/01/39    500  528,440 

 

Portfolio Abbreviations

To simplify the listings of portfolio holdings in the Schedule of Investments, the names and descriptions of many of the securities have been abbreviated
according to the following list:

AGC  Assured Guaranty Corp.  GO  General Obligation Bonds 
AGM  Assured Guaranty Municipal Corp.  HFA  Housing Finance Agency 
AMBAC  American Municipal Bond Assurance Corp.  IDA  Industrial Development Authority 
AMT  Alternative Minimum Tax (subject to)  LRB  Lease Revenue Bonds 
BHAC  Berkshire Hathaway Assurance Corp.  NPFGC  National Public Finance Guarantee Corp. 
CAB  Capital Appreciation Bonds  RB  Revenue Bonds 
FGIC  Financial Guaranty Insurance Co.  S/F  Single Family 
FHA  Federal Housing Administration  VRDN  Variable Rate Demand Notes 

 

BLACKROCK MUNIYIELD PENNSYLVANIA QUALITY FUND

OCTOBER 31, 2010

1



Schedule of Investments(continued)

BlackRock MuniYield Pennsylvania Quality Fund (MPA)
(Percentages shown are based on Net Assets)

    Par   
Municipal Bonds    (000)  Value 
Pennsylvania (continued)       
Health (concluded)       
Lycoming County Authority, Refunding     
RB, Susquehanna Health System       
Project, Series A, 5.75%, 7/01/39  $ 1,160  $ 1,205,623 
Monroe County Hospital Authority       
Pennsylvania, Refunding RB, Hospital,     
Pocono Medical Center, 5.13%,       
1/01/37    1,265  1,260,383 
Montgomery County Higher Education &     
Health Authority, Refunding RB,       
Abington Memorial Hospital, Series A,     
5.13%, 6/01/33    1,760  1,786,171 
Montgomery County IDA Pennsylvania,     
RB:       
Acts Retirement Life Community,     
Series A, 4.50%, 11/15/36    380  314,917 
Acts Retirement Life Community,     
Series A-1, 6.25%, 11/15/29    235  250,348 
New Regional Medical Center       
Project (FHA), 5.38%, 8/01/38    1,600  1,686,176 
Pennsylvania Higher Educational       
Facilities Authority, RB, UPMC Health     
System, Series A, 6.00%, 1/15/11 (a)  3,000  3,066,480 
Philadelphia Hospitals & Higher       
Education Facilities Authority,       
Refunding RB, Presbyterian Medical     
Center, 6.65%, 12/01/19 (c)    3,000  3,726,600 
Sayre Health Care Facilities Authority,     
Refunding RB, Guthrie Health,       
Series A, 5.88%, 12/01/31    590  601,375 
South Fork Municipal Authority,       
Refunding RB, Conemaugh Valley       
Memorial, Series B (AGC), 5.38%,       
7/01/35    2,000  2,077,020 
      27,108,116 
Housing — 2.7%       
Pennsylvania HFA, Refunding RB, AMT:     
S/F Mortgage, Series 92-A, 4.75%,     
4/01/31    740  739,970 
Series 99A, 5.15%, 4/01/38    800  850,016 
Philadelphia New Public Housing       
Authority, RB, Series A (AGM), 5.50%,     
12/01/18    3,000  3,182,760 
      4,772,746 
State — 5.2%       
Pennsylvania Turnpike Commission, RB,     
Series C of 2003 Pennsylvania       
Turnpike (NPFGC), 5.00%, 12/01/32  3,600  3,783,060 
State Public School Building Authority,     
RB, CAB, Corry Area School District     
(AGM) (b):       
4.85%, 12/15/22    1,640  1,039,153 
4.87%, 12/15/23    1,980  1,194,178 
4.89%, 12/15/24    1,980  1,139,391 
4.92%, 12/15/25    1,770  963,623 
State Public School Building Authority,     
Refunding RB, Harrisburg School       
District Project, Series A (AGC), 5.00%,     
11/15/33    1,200  1,263,900 
      9,383,305 

 

    Par   
Municipal Bonds    (000)  Value 
Pennsylvania (concluded)       
Transportation — 12.3%       
Delaware River Port Authority, RB,       
Series D (AGC), 5.00%, 1/01/40  $ 1,560  $ 1,629,919 
Pennsylvania Turnpike Commission, RB:     
Series A (AMBAC), 5.50%,       
12/01/31    7,800  8,421,348 
Series A (AMBAC), 5.25%,       
12/01/32    350  365,435 
Sub-Series B (AGM), 5.25%,       
6/01/39    3,500  3,653,720 
Philadelphia Authority for Industrial       
Development, Refunding RB,       
Philadelphia Airport System Project,     
Series A, AMT (NPFGC):       
5.50%, 7/01/17    4,000  4,121,680 
5.50%, 7/01/18    3,655  3,772,435 
      21,964,537 
Utilities — 18.2%       
Allegheny County Sanitation Authority,     
Refunding RB, Series A (NPFGC),       
5.00%, 12/01/30    5,000  5,105,550 
City of Philadelphia Pennsylvania, RB:     
1998 General Ordinance, 4th       
Series (AGM), 5.00%, 8/01/32    4,500  4,535,325 
Ninth Series, 5.25%, 8/01/40    1,430  1,442,269 
Series A, 5.25%, 1/01/36    700  736,498 
Series C (AGM), 5.00%, 8/01/40  3,000  3,114,780 
Delaware County IDA Pennsylvania, RB,     
Pennsylvania Suburban Water Co.       
Project, Series A, AMT (AMBAC),       
5.15%, 9/01/32    5,500  5,574,910 
Northampton Boro Municipal Authority,     
RB (NPFGC), 5.00%, 5/15/34    935  956,907 
Pennsylvania Economic Development     
Financing Authority, RB, Philadelphia     
Biosolids Facility, 6.25%, 1/01/32  900  971,568 
Pennsylvania IDA, Refunding RB,       
Economic Development (AMBAC),       
5.50%, 7/01/20    7,000  7,340,200 
Reading Area Water Authority       
Pennsylvania, RB (AGM), 5.00%,       
12/01/27    2,680  2,856,157 
      32,634,164 
Total Municipal Bonds in Pennsylvania    192,109,060 
Guam — 1.9%       
Transportation — 1.4%       
Guam International Airport Authority,       
Refunding RB, General, Series C, AMT     
(NPFGC), 5.00%, 10/01/23    2,500  2,488,150 
Utilities — 0.5%       
Guam Power Authority, Refunding RB,     
Series A (AGM), 5.00%, 10/01/37    850  861,926 
Total Municipal Bonds in Guam      3,350,076 

 

2 BLACKROCK MUNIYIELD PENNSYLVANIA QUALITY FUND

OCTOBER 31, 2010



Schedule of Investments(continued)

BlackRock MuniYield Pennsylvania Quality Fund (MPA)
(Percentages shown are based on Net Assets)

  Par   
Municipal Bonds  (000)  Value 
Puerto Rico — 0.7%     
State — 0.7%     
Commonwealth of Puerto Rico, GO,     
Refunding, Public Improvement,     
Series A-4 (AGM), 5.25%, 7/01/30  $ 1,270  $ 1,337,437 
Total Municipal Bonds – 109.7%    196,796,573 
Municipal Bonds Transferred to Tender     
Option Bond Trusts (d)     
Pennsylvania — 44.2%     
County/City/Special District/School District — 4.2%   
East Stroudsburg Area School District,     
GO, Refunding (AGM), 5.00%,     
9/01/25  7,000  7,602,350 
Education — 1.4%     
University of Pittsburgh Pennsylvania,     
RB, Capital Project, Series B, 5.00%,     
9/15/28  2,202  2,436,609 
Health — 3.2%     
Geisinger Authority, RB, Series A:     
5.13%, 6/01/34  2,500  2,626,550 
5.25%, 6/01/39  3,000  3,158,700 
    5,785,250 
Housing — 1.6%     
Pennsylvania HFA, Refunding RB, Series     
96-A, AMT, 4.70%, 10/01/37  3,000  2,937,060 
State — 29.6%     
Commonwealth of Pennsylvania, GO,     
First Series, 5.00%, 3/15/28  5,203  5,757,820 
Pennsylvania Turnpike Commission, RB,     
Series C of 2003 Pennsylvania     
Turnpike (NPFGC), 5.00%, 12/01/32  10,000  10,508,500 
State Public School Building Authority,     
LRB, Philadelphia School District     
Project (AGM), 5.25%, 6/01/13 (a)  15,000  16,729,800 
State Public School Building Authority,     
Refunding RB, School District of     
Philadelphia Project, Series B (AGM),     
5.00%, 6/01/26  19,025  20,022,738 
    53,018,858 
Transportation — 4.2%     
City of Philadelphia Pennsylvania, RB,     
Series A, AMT (AGM), 5.00%, 6/15/37  7,500  7,466,775 
Total Municipal Bonds Transferred to     
Tender Option Bond Trusts – 44.2%    79,246,902 
Total Long-Term Investments     
(Cost – $265,320,197) – 153.9%    276,043,475 
Short-Term Securities  Shares   
BIF Pennsylvania Municipal Money Fund     
0.00% (e)(f)  5,149,376  5,149,376 
Total Short-Term Securities     
(Cost – $5,149,376) – 2.9%    5,149,376 

 

 
  Value 
Total Investments   
(Cost – $270,469,573*) – 156.8%  $ 281,192,851 
Other Assets Less Liabilities – 1.7%  3,013,465 
Liability for Trust Certificates, Including Interest   
Expense and Fees Payable – (21.5)%  (38,486,980) 
Preferred Shares, at Redemption Value – (37.0)%  (66,354,894) 
Net Assets Applicable to Common Shares – 100.0%  $ 179,364,442 

 

________________________________________________________________________________________________________________________________________________________________________________________________________________________
* The cost and unrealized appreciation (depreciation) of investments as of
October 31, 2010, as computed for federal income tax purposes, were as follows:

Aggregate cost  $ 232,035,288 
Gross unrealized appreciation  $ 10,918,188 
Gross unrealized depreciation  (205,761) 
Net unrealized appreciation   $ 10,712,427 

 

(a) US government securities, held in escrow, are used to pay interest on this
security as well as to retire the bond in full at the date indicated, typically
at a premium to par.
(b) Represents a zero-coupon bond. Rate shown reflects the current yield as
of report date.
(c) Security is collateralized by Municipal or US Treasury obligations.
(d) Securities represent bonds transferred to a tender option bond trust in
exchange for which the Fund acquired residual interest certificates.
These securities serve as collateral in a financing transaction.
(e) Investments in companies considered to be an affiliate of the Fund
during the period, for purposes of Section 2(a)(3) of the Investment
Company Act of 1940, as amended, were as follows:

  Shares    Shares   
  Held at    Held at   
  July 31,  Net  October 31,   
Affiliate  2010  Activity  2010  Income 
BIF         
Pennsylvania         
Municipal         
Money Fund  8,508,134  (3,358,758)  5,149,376  -- 

 

(f) Represents the current yield as of report date.

• For Fund compliance purposes, the Fund’s sector classifications refer to
any one or more of the sector sub-classifications used by one or more

widely recognized market indexes or rating group indexes, and/or as
defined by Fund management. This definition may not apply for purposes
of this report, which may combine such sector sub-classifications for
reporting ease.

BLACKROCK MUNIYIELD PENNSYLVANIA QUALITY FUND

OCTOBER 31, 2010

3



Schedule of Investments(concluded)

BlackRock MuniYield Pennsylvania Quality Fund (MPA)

•Fair Value Measurements - Various inputs are used in determining the fair
value of investments, which are as follows:

•Level 1 — price quotations in active markets/exchanges for identical
assets and liabilities

•Level 2 — other observable inputs (including, but not limited to: quoted
prices for similar assets or liabilities in markets that are active, quoted
prices for identical or similar assets or liabilities in markets that are not
active, inputs other than quoted prices that are observable for the
assets or liabilities (such as interest rates, yield curves, volatilities,
prepayment speeds, loss severities, credit risks and default rates) or
other market-corroborated inputs)

•Level 3 — unobservable inputs based on the best information available
in the circumstances, to the extent observable inputs are not available
(including the Fund's own assumptions used in determining the fair
value of investments)

The inputs or methodologies used for valuing securities are not necessarily
an indication of the risk associated with investing in those securities. For
information about the Fund's policy regarding valuation of investments and
other significant accounting policies, please refer to the Fund’s most recent
financial statements as contained in its annual report.

The following table summarizes the inputs used as of October 31, 2010 in
determining the fair valuation of the Fund's investments:

Valuation Inputs  Level 1  Level 2  Level 3         Total 
Assets:         
Investments in         
Securities:         
Long-Term         
Investments1  —   $276,043,475  —          $ 276,043,475 
Short-Term         
Securities  $ 5,149,376      5,149,376 
Total  $ 5,149,376   $276,043,475  —          $ 281,192,851 

 

1 See above Schedule of Investments for values in each sector.

4 BLACKROCK MUNIYIELD PENNSYLVANIA QUALITY FUND

OCTOBER 31, 2010



Item 2 – Controls and Procedures

2(a) – The registrant's principal executive and principal financial officers or persons performing
similar functions have concluded that the registrant's disclosure controls and procedures (as
defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the
31940 Act3)) areeffective as of a date within 90 days of the filing of this report based on the
evaluation of these controls and procedures required by Rule 30a-3(b) under the 1940 Act
and Rule 13a-15(b) under the Securities Exchange Act of 1934, as amended.

2(b) – There were no changes in the registrant's internal control over financial reporting (as defined
in Rule 30a-3(d) under the 1940 Act) that occurred during the registrant's last fiscal quarter
that have materially affected, or are reasonably likely to materially affect, the registrant's
internal control over financial reporting.

Item 3 – Exhibits

Certifications – Attached hereto

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment
Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by
the undersigned, thereunto duly authorized.

BlackRock MuniYield Pennsylvania Quality Fund

By: /s/ Anne F. Ackerley
Anne F. Ackerley
Chief Executive Officer of
BlackRock MuniYield Pennsylvania Quality Fund

Date: December 22, 2010

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment
Company Act of 1940, this report has been signed below by the following persons on behalf
of the registrant and in the capacities and on the dates indicated.

By: /s/ Anne F. Ackerley
Anne F. Ackerley
Chief Executive Officer (principal executive officer) of
BlackRock MuniYield Pennsylvania Quality Fund

Date: December 22, 2010

By: /s/ Neal J. Andrews
Neal J. Andrews
Chief Financial Officer (principal financial officer) of
BlackRock MuniYield Pennsylvania Quality Fund

Date: December 22, 2010