Fund Description: BlackRock MuniYield Quality Fund III, Inc., formerly BlackRock MuniYield Insured Fund, is an exchange-traded closed-end fund or a closed-end ETF which is officially described as a non-diversified, closed-end management investment company. INVESTMENT OBJECTIVE: The BlackRock MuniYield Quality Fund III, Inc. seeks a high level of current income exempt from federal income taxes as is consistent with its investment policies and prudent investment management. FUND STRATEGY: The Fund will invest at least 80% of its assets in municipal obligations exempt from federal income taxes (except that the interest may be subject to the federal alternative minimum tax). Under normal market conditions, the Fund invests primarily in long-term municipal obligations that are investment grade quality at the time of investment. The Fund may invest directly in such securities or synthetically through the use of derivatives. FUND MANAGEMENT: BlackRock Advisors, LLC serves as the Fund’s investment adviser.