NPORT-EX 2 NPORT_903207814777016.htm BlackRock MuniYield Fund

Schedule of Investments  (unaudited)

January 31, 2020

  

BlackRock MuniYield Fund, Inc. (MYD)

(Percentages shown are based on Net Assets)

 

Security   Par
(000)
    Value  

Municipal Bonds — 116.8%

 

Alabama — 2.0%

 

County of Jefferson Alabama Sewer, Refunding RB:

   

Senior Lien, Series A (AGM), 5.00%, 10/01/44

  $ 1,665     $ 1,876,311  

Senior Lien, Series A (AGM), 5.25%, 10/01/48

    3,175       3,626,199  

Sub-Lien, Series D, 6.00%, 10/01/42

    7,410       8,761,140  
   

 

 

 
      14,263,650  
Alaska — 0.0%  

Northern Tobacco Securitization Corp., Refunding RB, Tobacco Settlement, Asset-Backed, Series A, 4.63%, 06/01/23

    220       220,288  
   

 

 

 
Arizona — 3.3%  

City of Phoenix Arizona IDA, RB, Legacy Traditional Schools Projects,
Series A, 5.00%, 07/01/46(a)

    3,575       3,882,378  

City of Phoenix Civic Improvement Corp., ARB,
Series A, 4.00%, 07/01/45

    2,730       3,093,527  

Salt Verde Financial Corp., RB, Senior:

   

5.00%, 12/01/32

    7,365       9,716,571  

5.00%, 12/01/37

    5,000       6,903,350  
   

 

 

 
      23,595,826  
Arkansas — 1.0%  

Arkansas Development Finance Authority, RB:

   

Baptist Health, 5.00%, 12/01/47

    1,120       1,362,446  

Big River Steel Project, AMT, 4.50%, 09/01/49(a)

    5,230       5,670,000  
   

 

 

 
      7,032,446  
California — 5.5%  

California Educational Facilities Authority, RB, Stanford University, Series V-1, 5.00%, 05/01/49

    4,455       7,218,837  

California Health Facilities Financing Authority, RB, Sutter Health, Series B, 6.00%, 08/15/20(b)

    6,465       6,641,301  

California Health Facilities Financing Authority, Refunding RB, St. Joseph Health System,
Series A, 5.00%, 07/01/33

    2,560       2,894,720  

California Municipal Finance Authority, RB, Senior, Caritas Affordable Housing, Inc. Projects, S/F Housing, Series A:

   

5.25%, 08/15/39

    305       347,200  

5.25%, 08/15/49

    770       864,079  
Security   Par
(000)
    Value  
California (continued)  

California Pollution Control Financing Authority, RB, Poseidon Resources (Channel Side) LP Desalination Project, AMT, 5.00%, 11/21/45(a)

  $ 1,650     $ 1,788,253  

California Statewide Communities Development Authority, RB, Loma Linda University Medical Center, Series A(a):

   

5.00%, 12/01/41

    1,100       1,251,591  

5.00%, 12/01/46

    955       1,081,079  

California Statewide Financing Authority, RB, Asset-Backed, Tobacco Settlement, Series A, 6.00%, 05/01/43

    3,285       3,288,121  

City of Stockton California Public Financing Authority, RB, Delta Water Supply Project, Series A(b):

   

6.25%, 10/01/23

    405       483,477  

6.25%, 10/01/23

    335       399,913  

Golden State Tobacco Securitization Corp., Refunding RB, Series A-1:

   

5.00%, 06/01/47

    4,525       4,758,671  

5.25%, 06/01/47

    1,140       1,205,983  

State of California, GO:

   

(AMBAC), 5.00%, 04/01/31

    10       10,032  

Various Purposes, 6.00%, 03/01/33

    5,085       5,111,086  

State of California Public Works Board, LRB, Various Capital Projects, Series I, 5.00%, 11/01/38

    1,605       1,831,385  
   

 

 

 
      39,175,728  
Colorado — 1.7%  

Colorado Health Facilities Authority, RB, Commonspirit Health, Series A, 4.00%, 08/01/49

    3,090       3,428,849  

Colorado Health Facilities Authority, Refunding RB, Commonspirit Health, Series A, 4.00%, 08/01/44

    645       718,627  

County of Arapahoe Colorado School District No. 6 Littleton, GO, Series A, 5.50%, 12/01/43

    2,635       3,452,878  

Denver Connection West Metropolitan District, GO,
Series A, 5.38%, 08/01/47

    1,250       1,316,662  
 

 

 

          1  


Schedule of Investments  (unaudited) (continued)

January 31, 2020

  

BlackRock MuniYield Fund, Inc. (MYD)

(Percentages shown are based on Net Assets)

 

Security   Par
(000)
    Value  
Colorado (continued)  

State of Colorado, COP, Building Excellent Schools, Series O, 4.00%, 03/15/44

  $ 2,695     $ 3,084,347  
   

 

 

 
      12,001,363  
Connecticut — 1.1%  

State of Connecticut, GO, Series A, 4.00%, 01/15/38

    6,580       7,645,894  
   

 

 

 
Delaware — 1.9%  

County of Sussex Delaware, RB, NRG Energy, Inc., Indian River Power LLC Project, 6.00%, 10/01/40

    2,305       2,382,909  

Delaware Transportation Authority, RB, U.S. 301 Project, 5.00%, 06/01/55

    2,430       2,796,638  

State of Delaware EDA, RB, Exempt Facilities, Indian River Power LLC Project, 5.38%, 10/01/45

    8,275       8,450,927  
   

 

 

 
      13,630,474  
District of Columbia — 6.4%  

District of Columbia, Refunding RB:

   

Georgetown University, 5.00%, 04/01/35

    910       1,113,704  

Georgetown University Issue, 5.00%, 04/01/42

    745       897,457  

The Catholic University of America Issue, 5.00%, 10/01/48

    4,875       5,877,056  

District of Columbia, Tax Allocation Bonds, City Market at O Street Project, 5.13%, 06/01/41

    4,440       4,657,826  

Metropolitan Washington Airports Authority, Refunding ARB, Dulles Metrorail And Capital Improvement Projects, Series A, 5.00%, 10/01/53

    4,240       4,528,405  

Metropolitan Washington Airports Authority, Refunding RB, CAB, 2nd Senior Lien, Series B (AGC)(c):

   

0.00%, 10/01/31

    8,350       6,434,009  

0.00%, 10/01/32

    15,000       11,173,800  

Dulles Toll Road, 0.00%, 10/01/33

    13,410       9,633,610  

Metropolitan Washington Airports Authority Dulles Toll Road Revenue, Refunding RB, Subordinate, Dulles Metrorail And Capital Improvement Projects, Series B, 4.00%, 10/01/53

    1,615       1,829,698  
   

 

 

 
      46,145,565  
Florida — 4.2%  

County of Alachua Florida Health Facilities Authority, RB, Shands Teaching Hospital and Clinics, Series A, 5.00%, 12/01/44

    4,825       5,578,569  
Security   Par
(000)
    Value  
Florida (continued)  

County of Collier Florida Health Facilities Authority, Refunding RB, Series A, 5.00%, 05/01/45

  $ 2,790     $ 3,208,082  

County of Miami-Dade Florida Aviation, Refunding ARB, Miami International Airport, Series A-1, 5.38%, 10/01/20(b)

    7,530       7,750,252  

County of Volusia Educational Facility Authority, Refunding RB, Embry Riddle Aeronautical Project:

   

5.00%, 10/15/44

    1,215       1,503,587  

5.00%, 10/15/49

    2,480       3,044,944  

Mid-Bay Florida Bridge Authority, RB, Springing Lien, Series A, 7.25%, 10/01/21(b)

    6,150       6,777,484  

Santa Rosa Bay Bridge Authority, RB, 6.25%, 07/01/28(d)(e)

    3,162       2,508,443  
   

 

 

 
      30,371,361  
Georgia — 2.0%  

County of Gainesville Georgia & Hall Hospital Authority, Refunding RB, Northeast Georgia Health System, Inc. Project, Series A (GTD), 5.50%, 08/15/54

    1,075       1,269,220  

Main Street Natural Gas, Inc., RB, Series A:

   

5.00%, 05/15/35

    1,040       1,412,278  

5.00%, 05/15/36

    1,040       1,426,599  

5.00%, 05/15/37

    1,145       1,586,810  

5.00%, 05/15/38

    630       879,940  

5.00%, 05/15/49

    2,100       3,025,260  

Municipal Electric Authority of Georgia, RB, Plant Vogtle Units 3 & 4 Project, 4.00%, 01/01/49

    3,290       3,585,903  

Municipal Electric Authority of Georgia, Refunding RB, Series A, 4.00%, 01/01/49

    1,285       1,414,284  
   

 

 

 
      14,600,294  
Hawaii — 0.4%  

State of Hawaii Harbor System, ARB, Series A, 5.25%, 07/01/30

    2,760       2,809,459  
   

 

 

 
Idaho — 1.4%  

County of Power Idaho Industrial Development Corp., RB, FMC Corp. Project, AMT, 6.45%, 08/01/32

    10,000       10,035,500  
   

 

 

 
Illinois — 15.6%  

Chicago Board of Education, GO, Series C:

   

Dedicated Revenues, Series H, 5.00%, 12/01/36

    460       538,821  

Project, 5.25%, 12/01/35

    3,095       3,474,633  
 

 

 

2        


Schedule of Investments  (unaudited) (continued)

January 31, 2020

  

BlackRock MuniYield Fund, Inc. (MYD)

(Percentages shown are based on Net Assets)

 

Security   Par
(000)
    Value  
Illinois (continued)  

Chicago Board of Education, GO, Refunding:

   

Dedicated Revenues, Series D,
5.00%, 12/01/25

  $ 1,735     $ 2,030,384  

Dedicated Revenues, Series D,
5.00%, 12/01/31

    1,000       1,188,840  

Dedicated Revenues, Series F,
5.00%, 12/01/22

    1,305       1,421,302  

Dedicated Revenues, Series G,
5.00%, 12/01/34

    455       536,167  

5.00%, 12/01/25

    1,365       1,597,391  

Chicago Board of Education, GO:

   

5.00%, 12/01/46

    1,125       1,311,874  

5.00%, 12/01/46

    2,915       3,150,736  

City of Chicago Illinois O’Hare International Airport, GARB, 3rd Lien:

   

5.63%, 01/01/21(b)

    3,390       3,534,685  

5.63%, 01/01/35

    810       842,643  

Series A, 5.75%, 01/01/21(b)

    2,940       3,068,831  

Series A, 5.75%, 01/01/39

    560       582,484  

Series C, 6.50%, 01/01/21(b)

    11,920       12,523,033  

City of Chicago Illinois Transit Authority, RB, Sales Tax Receipts, 5.25%, 12/01/40

    2,130       2,267,513  

County of Cook Illinois Community College District No. 508, GO, City College of Chicago,
5.50%, 12/01/38

    1,635       1,829,483  

Illinois Finance Authority, RB, Chicago LLC, University of Illinois at Chicago Project, Series A:

   

5.00%, 02/15/47

    425       483,599  

5.00%, 02/15/50

    210       238,220  

Illinois Finance Authority, Refunding RB, Ascension Health, Series A, 5.00%, 11/15/21(b)

    1,970       2,112,352  

Metropolitan Pier & Exposition Authority, Refunding RB:

   

McCormick Place Expansion Project,
4.00%, 06/15/50(f)

    2,830       3,115,547  

McCormick Place Expansion Project,
5.00%, 06/15/50(f)

    1,835       2,197,908  

McCormick Place Expansion Project, CAB, Series B (AGM), 0.00%, 06/15/47(c)

    27,225       11,869,283  

Mccormick Place Expansion Project, Series B (AGM), 0.00%, 06/15/43(c)

    10,925       5,449,171  

McCormick Place Expansion Project, Series B (AGM), 5.00%, 06/15/50

    12,435       12,597,774  
Security   Par
(000)
    Value  
Illinois (continued)  

McCormick Place Expansion Project, Series B-2, 5.00%, 06/15/50

  $ 5,085     $ 5,156,546  

Railsplitter Tobacco Settlement Authority, RB(b):

   

5.50%, 06/01/21

    2,730       2,895,056  

6.00%, 06/01/21

    2,335       2,491,562  

State of Illinois, GO, Series B:

   

5.50%, 07/01/38

    4,000       4,454,960  

5.00%, 02/01/39

    3,195       3,527,536  

State of Illinois, GO, Refunding:

   

5.00%, 10/01/28

    1,000       1,224,350  

5.00%, 10/01/29

    1,865       2,279,179  

State of Illinois, GO, Series A, 5.00%, 04/01/38

    2,510       2,726,287  

State of Illinois Toll Highway Authority, RB, Series C, 5.00%, 01/01/37

    5,815       6,784,244  

University of Illinois, RB, Auxiliary Facilities System,
Series A, 5.00%, 04/01/44

    2,045       2,303,140  
   

 

 

 
      111,805,534  
Indiana — 3.0%  

City of Valparaiso Indiana, RB, Exempt Facilities, Pratt Paper LLC Project, AMT:

   

6.75%, 01/01/34

    1,635       1,902,780  

7.00%, 01/01/44

    3,950       4,602,856  

Indiana Finance Authority, RB, Series A:

   

CWA Authority Project, 1st Lien, 5.25%, 10/01/38

    6,665       7,101,691  

Private Activity Bond, Ohio River Bridges East End Crossing Project, AMT, 5.00%, 07/01/44

    910       1,000,345  

Private Activity Bond, Ohio River Bridges East End Crossing Project, AMT, 5.00%, 07/01/48

    3,015       3,310,350  

Private Activity Bond, Ohio River Bridges East End Crossing Project, AMT, 5.25%, 01/01/51

    840       929,250  

Indianapolis Local Public Improvement Bond Bank, RB, Series A, 5.00%, 01/15/40

    2,580       2,852,654  
   

 

 

 
      21,699,926  
Iowa — 1.5%  

Iowa Finance Authority, Refunding RB, Iowa Fertilizer Co. Project:

   

Series B, 5.25%, 12/01/50(g)

    5,720       6,335,815  

Midwestern Disaster Area, 5.25%, 12/01/25

    940       1,049,933  

Midwestern Disaster Area, 5.88%, 12/01/26(a)

    835       871,339  
 

 

 

          3  


Schedule of Investments  (unaudited) (continued)

January 31, 2020

  

BlackRock MuniYield Fund, Inc. (MYD)

(Percentages shown are based on Net Assets)

 

Security   Par
(000)
    Value  
Iowa (continued)  

Iowa Tobacco Settlement Authority, Refunding RB, Asset-Backed, CAB, Series B, 5.60%, 06/01/34

  $ 2,695     $ 2,723,136  
   

 

 

 
      10,980,223  
Kentucky — 1.1%  

Kentucky Economic Development Finance Authority, RB, Catholic Health Initiatives,
Series A, 5.25%, 01/01/23(b)

    2,055       2,308,628  

Kentucky Economic Development Finance Authority, Refunding RB, Louisville Arena Authority, Inc. (AGM), 5.00%, 12/01/45

    2,625       3,099,075  

Kentucky Public Transportation Infrastructure Authority, RB, Downtown Crossing Project, Convertible CAB, 1st Tier, Series C, 6.75%, 07/01/43(h)

    2,485       2,831,111  
   

 

 

 
      8,238,814  
Louisiana — 1.5%  

Parish of St. John the Baptist Louisiana, Refunding RB, Marathon Oil Corporation Project, 2.10%, 06/01/37(g)

    950       973,028  

Tobacco Settlement Financing Corp., Refunding RB, Asset-Backed, Series A:

   

5.50%, 05/15/30

    2,055       2,081,653  

5.25%, 05/15/31

    1,750       1,827,945  

5.25%, 05/15/32

    2,240       2,413,488  

5.25%, 05/15/33

    2,430       2,616,940  

5.25%, 05/15/35

    1,025       1,134,552  
   

 

 

 
      11,047,606  
Maryland — 0.5%  

County of Prince George’s Maryland, Special Obligation, Remarketing, National Harbor Project,
5.20%, 07/01/34

    1,289       1,291,398  

Maryland EDC, Refunding RB, CNX Marine Terminals, Inc., 5.75%, 09/01/25

    1,545       1,577,352  
Security   Par
(000)
    Value  
Maryland (continued)  

Maryland Health & Higher Educational Facilities Authority, RB, Trinity Health Credit Group,
Series 2017, 5.00%, 12/01/46

  $ 880     $ 1,074,876  
   

 

 

 
      3,943,626  
Massachusetts — 1.4%  

Massachusetts Bay Transportation Authority, Refunding RB, Senior Series A-1, 5.25%, 07/01/29

    3,250       4,430,042  

Massachusetts Housing Finance Agency, RB, M/F Housing, Series C-1:

   

3.15%, 12/01/49

    1,165       1,197,865  

3.25%, 12/01/54

    4,280       4,411,353  
   

 

 

 
      10,039,260  
Michigan — 3.1%  

City of Detroit Michigan Sewage Disposal System, Refunding RB, Senior Lien, Series A, 5.25%, 07/01/39

    8,995       9,833,604  

Kalamazoo Hospital Finance Authority, Refunding RB, Bronson Methodist Hospital:

   

5.50%, 05/15/20(b)

    1,545       1,565,070  

5.50%, 05/15/36

    1,250       1,265,962  

Michigan Finance Authority, Refunding RB:

   

Detroit Water & Sewage Department Project, Senior Lien, Series C-1, 5.00%, 07/01/44

    1,830       1,982,476  

Series A, 4.00%, 12/01/49

    1,710       1,950,443  

Michigan State University, Refunding RB, Board of Trustees, Series B, 5.00%, 02/15/48

    2,105       2,630,050  

Michigan Strategic Fund, RB, I-75 Improvement Projects, AMT, 5.00%, 06/30/48

    2,255       2,713,306  
   

 

 

 
      21,940,911  
Minnesota — 1.1%  

Duluth Economic Development Authority, Refunding RB, Essentia Health Obligated Group, Series A:

   

4.25%, 02/15/48

    2,160       2,436,804  

5.25%, 02/15/53

    4,315       5,209,845  
   

 

 

 
      7,646,649  
Missouri — 1.1%  

Bi-State Development Agency of the Missouri-Illinois Metropolitan District, Refunding RB, Combined Lien, Series A, 5.00%, 10/01/44

    510       554,941  
 

 

 

4        


Schedule of Investments  (unaudited) (continued)

January 31, 2020

  

BlackRock MuniYield Fund, Inc. (MYD)

(Percentages shown are based on Net Assets)

 

Security   Par
(000)
    Value  
Missouri (continued)  

State of Missouri Health & Educational Facilities Authority, Refunding RB:

   

Mercy Health, Series C, 5.00%, 11/15/47

  $ 5,470     $ 6,523,084  

St. Louis College of Pharmacy Project,
5.50%, 05/01/43

    510       554,039  
   

 

 

 
      7,632,064  
Nebraska — 0.4%  

Central Plains Nebraska Energy Project, RB, Gas Project No. 3:

   

5.25%, 09/01/37

    1,670       1,832,174  

5.00%, 09/01/42

    925       1,008,999  
   

 

 

 
      2,841,173  
New Hampshire — 0.7%  

New Hampshire Business Finance Authority, Refunding RB, Resource Recovery, Covanta Project(a):

   

Series B, 4.63%, 11/01/42

    3,205       3,332,110  

Series C, AMT, 4.88%, 11/01/42

    1,665       1,734,531  
   

 

 

 
      5,066,641  
New Jersey — 13.9%  

Casino Reinvestment Development Authority, Inc., Refunding RB:

   

5.25%, 11/01/39

    3,490       3,802,913  

5.25%, 11/01/44

    3,180       3,453,067  

County of Essex New Jersey Improvement Authority, RB, AMT, 5.25%, 07/01/45(a)

    2,250       2,270,385  

New Jersey EDA, RB:

   

Continental Airlines, Inc. Project, AMT, 1.00%, 09/15/29

    975       1,065,558  

Kapkowski Road Landfill Project, Series B, AMT, 6.50%, 04/01/31

    2,400       2,772,552  

School Facilities Construction,
5.00%, 06/15/49

    4,850       5,775,234  

Series EEE, 5.00%, 06/15/48

    7,780       9,136,599  

Transit transportation Project, 4.00%, 11/01/38

    1,075       1,204,194  

Transit transportation Project, 4.00%, 11/01/39

    860       960,895  

New Jersey EDA, Refunding ARB, Port Network Container Terminal LLC Project, AMT, 5.00%, 10/01/47

    3,040       3,516,550  

New Jersey State Turnpike Authority, RB:

   

Series A, 5.00%, 07/01/22(b)

    1,150       1,260,216  

Series A, 5.00%, 01/01/43

    685       744,246  

Series E, 5.00%, 01/01/45

    5,425       6,338,353  
Security   Par
(000)
    Value  
New Jersey (continued)  

New Jersey Transportation Trust Fund Authority, RB:

   

CAB, Transportation System, Series C (AMBAC), 0.00%, 12/15/35(c)

  $ 7,395     $ 4,695,899  

Series BB, 4.00%, 06/15/50

    3,150       3,380,265  

Series BB, 5.00%, 06/15/50

    10,800       12,717,216  

Transportation Program, Series AA, 5.00%, 06/15/44

    1,360       1,512,592  

Transportation Program, Series AA, 5.00%, 06/15/44

    2,515       2,740,696  

Transportation System, Series A, 5.50%, 06/15/21(b)

    3,630       3,856,403  

Transportation System, Series B, 5.25%, 06/15/36

    4,990       5,226,127  

Tobacco Settlement Financing Corp., Refunding RB:

   

Series A, 5.25%, 06/01/46

    5,120       6,089,062  

Sub-Series B, 5.00%, 06/01/46

    14,860       17,082,016  
   

 

 

 
      99,601,038  
New York — 6.4%  

City of New York Transitional Finance Authority Future Tax Secured Revenue, RB, Fiscal 2012, Sub-Series E-1, 5.00%, 02/01/42

    4,235       4,553,641  

Counties of New York Tobacco Trust IV, Refunding RB, Settlement Pass-Through Turbo, Series A, 6.25%, 06/01/41(a)

    3,700       3,736,260  

County of Westchester New York Healthcare Corp., RB, Senior Lien, Series A, 5.00%, 11/01/44

    440       481,605  

Erie Tobacco Asset Securitization Corp., Refunding RB, Asset-Backed, Series A, 5.00%, 06/01/45

    4,070       4,072,360  

Metropolitan Transportation Authority, RB, Series B:

   

5.25%, 11/15/38

    4,960       5,739,216  

5.25%, 11/15/39

    1,765       2,038,999  

New York City Water & Sewer System, RB, 2nd Generation Resolution, Series CC-1,
4.00%, 06/15/49

    2,425       2,813,752  

New York Liberty Development Corp., Refunding RB, 3 World Trade Center Project(a):

   

Class 1, 5.00%, 11/15/44

    8,145       8,946,386  

Class 2, 5.15%, 11/15/34

    705       789,403  

Class 2, 5.38%, 11/15/40

    1,760       1,978,117  

New York Transportation Development Corp., ARB, LaGuardia Airport Terminal B Redevelopment Project, Series A, AMT, 5.25%, 01/01/50

    1,525       1,740,147  
 

 

 

          5  


Schedule of Investments  (unaudited) (continued)

January 31, 2020

  

BlackRock MuniYield Fund, Inc. (MYD)

(Percentages shown are based on Net Assets)

 

Security   Par
(000)
    Value  
New York (continued)  

Port Authority of New York & New Jersey, ARB, Special Project, JFK International Air Terminal LLC Project, Series 8:

   

6.00%, 12/01/36

  $ 2,625     $ 2,738,820  

6.00%, 12/01/42

    1,485       1,536,114  

State of New York Environmental Facilities Corp., RB, Subordinated SRF Bonds, Series B, 5.00%, 06/15/48

    3,750       4,673,212  
   

 

 

 
      45,838,032  
North Carolina — 1.0%  

North Carolina Capital Facilities Finance Agency, Refunding RB, Solid Waste Disposal Facility, Duke Energy Carolinas Project, Series B, 4.63%, 11/01/40

    1,140       1,167,451  

North Carolina Medical Care Commission, Refunding RB, 1st Mortgage:

   

Aldersgate, 6.25%, 07/01/35

    2,970       3,330,112  

Retirement Facilities Whitestone Project, Series A, 7.75%, 03/01/21(b)

    1,210       1,298,875  

University of North Carolina at Chapel Hill, RB, University of North Carolina Hospital at Chapal Hills, 5.00%, 02/01/49

    1,130       1,725,634  
   

 

 

 
      7,522,072  
North Dakota — 0.3%  

County of Cass North Dakota, Refunding RB, Essentia Health Obligated Group, Series B, 5.25%, 02/15/58

    2,000       2,395,660  
   

 

 

 
Ohio — 3.0%  

Buckeye Tobacco Settlement Financing Authority, RB, Asset-Backed, Senior Turbo Term, Series A-2, 5.88%, 06/01/47

    9,385       9,426,482  

County of Allen Ohio Hospital Facilities, Refunding RB, Mercy Health, Series A, 4.00%, 11/01/44

    4,160       4,443,587  

County of Franklin Ohio, RB:

   

Health Care Facilities Improvement, OPRS Communities Obligation Group, Series A, 6.13%, 07/01/40

    1,380       1,513,584  

Series A, 4.00%, 12/01/49

    1,060       1,205,580  

Trinity Health Credit Group, Series 2017, 5.00%, 12/01/46

    840       1,008,059  
Security   Par
(000)
    Value  
Ohio (continued)  

Ohio Air Quality Development Authority, RB, AMG Vanadium Project, AMT, 5.00%, 07/01/49(a)

  $ 1,545     $ 1,752,787  

State of Ohio, RB, Portsmouth Bypass Project, AMT, 5.00%, 06/30/53

    1,685       1,899,046  
   

 

 

 
      21,249,125  
Oklahoma — 1.7%  

City of Oklahoma Turnpike Authority, RB, Series A, 4.00%, 01/01/48

    4,320       4,800,859  

Oklahoma Development Finance Authority, RB, OU Medicine Project,
Series B, 5.50%, 08/15/57

    2,460       3,001,791  

Oklahoma Turnpike Authority, RB, 2nd Series C, 4.00%, 01/01/42

    4,115       4,636,041  
   

 

 

 
      12,438,691  
Pennsylvania — 3.5%  

Allentown Neighborhood Improvement Zone Development Authority, Refunding RB, Series A, 5.00%, 05/01/42

    5,250       5,558,858  

City of Philadelphia Pennsylvania Hospitals & Higher Education Facilities Authority, RB, Temple University Health System, Series A, 5.63%, 07/01/42

    1,325       1,431,331  

County of Montgomery Higher Education & Health Authority, Refunding RB, Thomas Jefferson University, Series A:

   

4.00%, 09/01/49

    1,185       1,317,874  

5.00%, 09/01/43

    2,610       3,171,933  

Pennsylvania Economic Development Financing Authority, RB, AMT, 5.00%, 06/30/42

    1,765       2,024,437  

Pennsylvania Economic Development Financing Authority, Refunding RB, National Gypsum Co., AMT, 5.50%, 11/01/44

    3,210       3,407,030  

Pennsylvania Higher Educational Facilities Authority, RB, University of Pennsylvania Health System Obligation, 4.00%, 08/15/49

    4,875       5,591,576  

Pennsylvania Turnpike Commission, RB, Series A,
5.00%, 12/01/44

    2,305       2,661,584  
   

 

 

 
      25,164,623  
Puerto Rico — 5.6%  

Children’s Trust Fund, Refunding RB, Tobacco Settlement Asset-Backed Bonds:

   

5.50%, 05/15/39

    1,430       1,454,167  

5.63%, 05/15/43

    1,430       1,454,153  
 

 

 

6        


Schedule of Investments  (unaudited) (continued)

January 31, 2020

  

BlackRock MuniYield Fund, Inc. (MYD)

(Percentages shown are based on Net Assets)

 

Security   Par
(000)
    Value  
Puerto Rico (continued)  

Puerto Rico Commonwealth Aqueduct & Sewer Authority, RB, Senior Lien, Series A:

   

5.00%, 07/01/33

  $ 5,165     $ 5,494,424  

5.13%, 07/01/37

    1,470       1,567,417  

Puerto Rico Commonwealth Aqueduct & Sewer Authority, Refunding RB, Senior Lien, Series A:

   

6.00%, 07/01/38

    1,530       1,561,426  

6.00%, 07/01/44

    2,770       2,826,923  

Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue, RB, Restructured:

   

Series A-1, 4.75%, 07/01/53

    3,304       3,655,711  

Series A-1, 5.00%, 07/01/58

    13,357       15,001,514  

Series A-2, 4.78%, 07/01/58

    6,236       6,896,018  
   

 

 

 
      39,911,753  
Rhode Island — 2.8%  

Central Falls Detention Facility Corp., Refunding RB, 7.25%, 07/15/35(d)(e)

    4,155       637,099  

Tobacco Settlement Financing Corp., Refunding RB, Series B:

   

4.50%, 06/01/45

    8,215       8,631,254  

5.00%, 06/01/50

    9,875       10,647,225  
   

 

 

 
      19,915,578  
South Carolina — 5.1%  

South Carolina Jobs EDA, Refunding RB, Prisma Health Obligated Group, Series A, 5.00%, 05/01/48

    6,455       7,657,244  

State of South Carolina Ports Authority, ARB(b):

   

5.25%, 07/01/20

    6,000       6,106,740  

AMT, 5.25%, 07/01/25

    2,225       2,703,130  

State of South Carolina Public Service Authority, RB, Santee Cooper, Series A, 5.50%, 12/01/54

    8,090       9,180,532  

State of South Carolina Public Service Authority, Refunding RB:

   

Series A, 5.00%, 12/01/50

    5,000       5,698,200  

Series E, 5.25%, 12/01/55

    4,550       5,272,403  
   

 

 

 
      36,618,249  
Tennessee — 1.1%  

City of Chattanooga Health Educational & Housing Facility Board, RB, Catholic Health Initiatives, Series A, 5.25%, 01/01/23(b)

    2,855       3,205,080  
Security   Par
(000)
    Value  
Tennessee (continued)  

City of Chattanooga Health Educational & Housing Facility Board, Refunding RB, Commonspirit Health, Series A, 4.00%, 08/01/44

  $ 330     $ 367,670  

County of Nashville & Davidson Metropolitan Government Health & Educational Facilities Board, RB, Vanderbilt University Medical Center, Series A, 5.00%, 07/01/40

    1,440       1,712,045  

County of Nashville & Davidson Metropolitan Government Health & Educational Facilities Board, Refunding RB, Lipscomb University Project, Series A, 5.25%, 10/01/58

    2,025       2,454,644  
   

 

 

 
      7,739,439  
Texas — 6.9%  

Central Texas Regional Mobility Authority, Refunding RB:

   

Senior Lien, 6.25%, 01/01/21(b)

    4,365       4,575,131  

Sub-Lien, 5.00%, 01/01/33

    725       800,299  

City of Houston Texas Airport System, RB, AMT, Series B-1, 5.00%, 07/15/30

    3,600       4,109,076  

City of Houston Texas Airport System, Refunding ARB, United Airlines, Inc. Terminal E Project, AMT, 5.00%, 07/01/29

    2,200       2,475,638  

City of San Antonio Texas Electric & Gas Systems Revenue, Refunding RB, Series A, 5.00%, 02/01/48

    2,440       3,046,438  

Clifton Higher Education Finance Corp., RB, Idea Public Schools, 6.00%, 08/15/43

    1,525       1,752,179  

County of Harris Texas Cultural Education Facilities Finance Corp., RB, 1st Mortgage, Brazos Presbyterian Homes, Inc. Project, Series B:

   

7.00%, 01/01/23(b)

    485       570,025  

6.38%, 01/01/33

    460       514,243  

County of Tarrant Texas Cultural Education Facilities Finance Corp., RB, Christus Health, Series B, 5.00%, 07/01/48

    9,585       11,600,151  

North Texas Tollway Authority, RB, CAB, Special Project System, Series B, 0.00%, 09/01/31(b)(c)

    4,110       2,143,406  

North Texas Tollway Authority, Refunding RB, Series A, 5.00%, 01/01/38

    1,910       2,227,614  
 

 

 

          7  


Schedule of Investments  (unaudited) (continued)

January 31, 2020

  

BlackRock MuniYield Fund, Inc. (MYD)

(Percentages shown are based on Net Assets)

 

Security   Par
(000)
    Value  
Texas (continued)  

San Antonio Water System, Refunding RB, Junior Lien, Series A, 5.00%, 05/15/48

  $ 5,260     $ 6,466,749  

Texas Private Activity Bond Surface Transportation Corp., RB, Senior Lien, LBJ Infrastructure Group LLC, 7.00%, 06/30/40

    6,000       6,150,540  

Texas Transportation Commission, RB, First Tier Toll Revenue, 5.00%, 08/01/57

    2,435       2,857,862  
   

 

 

 
      49,289,351  
Utah — 0.6%  

City of Salt Lake Corp. Airport Revenue, ARB, Series A, AMT:

   

5.00%, 07/01/48

    1,845       2,226,546  

5.00%, 07/01/47

    1,920       2,289,005  
   

 

 

 
      4,515,551  
Virginia — 1.1%  

Virginia Small Business Financing Authority, RB, Senior Lien, Elizabeth River Crossings OpCo LLC Project, AMT:

   

5.25%, 01/01/32

    3,270       3,562,632  

6.00%, 01/01/37

    3,900       4,311,333  
   

 

 

 
      7,873,965  
Washington — 1.6%  

Port of Seattle Washington, ARB, Series A, AMT, 5.00%, 05/01/43

    3,120       3,723,190  

Port of Seattle Washington, RB, Intermediate Lien, Series C, AMT, 5.00%, 04/01/40

    1,565       1,791,111  

Washington Health Care Facilities Authority, RB, Catholic Health Initiatives, Series A, 5.75%, 01/01/45

    4,745       5,347,045  

Washington Health Care Facilities Authority, Refunding RB, Commonspirit Health, Series A, 4.00%, 08/01/44

    715       796,617  
   

 

 

 
      11,657,963  
Wisconsin — 0.3%  

Public Finance Authority, RB:

   

A&T Real Estate Foundation, Series B, 5.00%, 06/01/49

    930       1,078,065  

American Preparatory Academy — Las Vegas Project, Series A, 5.00%, 07/15/39(a)

    190       211,630  

American Preparatory Academy — Las Vegas Project, Series A, 5.00%, 07/15/49(a)

    720       787,946  
Security   Par
(000)
    Value  
Wisconsin (continued)  

American Preparatory Academy — Las Vegas Project, Series A, 5.00%, 07/15/54(a)

  $ 345     $ 376,133  
   

 

 

 
      2,453,774  
   

 

 

 

Total Municipal Bonds — 116.8%
(Cost — $750,911,951)

 

    838,595,139  
   

 

 

 

Municipal Bonds Transferred to Tender Option Bond Trusts(i) — 36.3%

 

California — 3.8%

 

Bay Area Toll Authority, Refunding RB, San Francisco Bay Area Toll Bridge, 4.00%, 04/01/42(j)

    6,496       7,335,229  

City of Los Angeles California Department of Airports, Refunding ARB, Los Angeles International Airport, Senior Series A, 5.00%, 05/15/40

    11,974       12,107,315  

Sacramento Area Flood Control Agency, Refunding, Consolidated Capital Assessment District No. 2 Bonds, 5.00%, 10/01/47

    6,494       7,844,786  
   

 

 

 
      27,287,330  
Colorado — 2.0%  

City & County of Denver Colorado Airport System Revenue, Refunding ARB, Subordinate System, Series A, AMT, 5.25%, 12/01/48(j)

    4,775       5,900,816  

County of Adams Colorado, COP, Refunding, 4.00%, 12/01/45

    7,820       8,632,029  
   

 

 

 
      14,532,845  
District of Columbia — 1.6%  

District of Columbia Housing Finance Agency, RB, M/F Housing, Series B-2 (FHA), 4.10%, 09/01/39

    10,265       11,333,377  
   

 

 

 
Florida — 1.6%  

County of Miami-Dade Florida, RB, Water & Sewer System, 5.00%, 10/01/20(b)

    11,448       11,755,818  
   

 

 

 
Georgia — 1.5%  

County of Dalton Whitfield Joint Development Authority, RB, Hamilton Health Care System Obligation, 4.00%, 08/15/48

    6,660       7,324,668  
 

 

 

8        


Schedule of Investments  (unaudited) (continued)

January 31, 2020

  

BlackRock MuniYield Fund, Inc. (MYD)

(Percentages shown are based on Net Assets)

 

Security   Par
(000)
    Value  
Georgia (continued)  

Georgia Housing & Finance Authority, RB, S/F Housing, Series 2020, 8.15%, 12/01/26

  $ 3,037     $ 3,241,981  
   

 

 

 
      10,566,649  
Illinois — 0.5%            

Illinois Finance Authority, Refunding RB, Presence Health Network, Series C:

   

4.00%, 02/15/27(b)

    6       6,414  

4.00%, 02/15/41

    2,994       3,315,860  
   

 

 

 
      3,322,274  
Massachusetts — 1.4%            

Commonwealth of Massachusetts Transportation Fund Revenue, RB, Rail Enhancement Program, Series A, 4.00%, 06/01/45

    4,333       4,813,174  

Massachusetts School Building Authority, RB, Senior, Series B, 5.00%, 10/15/21(b)

    4,607       4,930,368  
   

 

 

 
      9,743,542  
New York — 11.8%            

Hudson Yards Infrastructure Corp., RB, Senior-Fiscal 2012(j):

   

5.75%, 02/15/21(b)

    2,018       2,115,489  

5.75%, 02/15/47

    1,242       1,301,384  

New York Liberty Development Corp., ARB, 1 World Trade Center Port Authority Consolidated Bonds, 5.25%, 12/15/43

    21,629       23,365,800  

New York Liberty Development Corp., Refunding RB, 4 World Trade Center Project, 5.75%, 11/15/51(j)

    13,081       14,145,353  

New York State Dormitory Authority, Refunding RB, Series D, 4.00%, 02/15/47

    12,580       14,590,913  

New York State Thruway Authority, Refunding RB, Subordinate, Series B, 4.00%, 01/01/50

    6,065       6,934,481  

Port Authority of New York & New Jersey, Refunding ARB, Series 194th, 5.25%, 10/15/55

    5,400       6,516,342  
Security   Par
(000)
    Value  
New York (continued)  

State of New York Urban Development Corp., RB, State Personal Income Tax, General Purpose, Series A, 4.00%, 03/15/46

  $ 13,980     $ 16,030,866  
   

 

 

 
      85,000,628  
North Carolina — 0.9%            

North Carolina Capital Facilities Finance Agency, Refunding RB, Duke University Project, Series B, 5.00%, 10/01/55

    5,290       6,299,702  
   

 

 

 
Pennsylvania — 0.8%            

Pennsylvania Turnpike Commission, RB, Sub-Series A, 5.50%, 12/01/42

    4,877       5,983,097  
   

 

 

 
Rhode Island — 0.5%  

Narragansett Bay Commission, Refunding RB, Wastewater System, Series A, 4.00%, 09/01/43

    3,272       3,455,617  
   

 

 

 
Texas — 6.6%            

City of San Antonio Texas Electric and Gas Systems, RB, Junior Lien, 5.00%, 02/01/43

    5,060       5,623,864  

County of Harris Texas Metropolitan Transit Authority, Refunding RB, Series A, 5.00%, 11/01/41

    6,920       7,370,284  

Lower Colorado River Authority, Refunding RB, LCRA Transmission Services Corporation Project, 4.00%, 05/15/43

    4,335       4,540,132  

San Antonio Public Facilities Corp., Refunding RB, Convention Center Refinancing And Expansion Project, 4.00%, 09/15/42

    5,700       5,978,331  

Texas Water Development Board, RB, State Water Implementation Fund, Series A, 4.00%, 10/15/49

    14,560       16,849,269  
 

 

 

          9  


Schedule of Investments  (unaudited) (continued)

January 31, 2020

  

BlackRock MuniYield Fund, Inc. (MYD)

(Percentages shown are based on Net Assets)

 

Security   Par
(000)
    Value  
Texas (continued)  

University of Texas, Refunding RB, Financing System, Series B, 5.00%, 08/15/43

  $ 6,243     $ 6,818,766  
   

 

 

 
    47,180,646  
Virginia — 0.8%  

Virginia Small Business Financing Authority, Refunding RB, Sentara Healthcare, 5.00%, 11/01/40

    6,075       6,135,268  
   

 

 

 
Washington — 0.6%  

Metropolitan Washington Airports Authority Dulles Toll Road Revenue, Refunding RB, Subordinate, Dulles Metrorail And Capital Improvement Projects, Series B (AGM), 4.00%, 10/01/53

    3,782       4,278,376  
   

 

 

 
Wisconsin — 1.9%  

State of Wisconsin Health & Educational Facilities Authority, Refunding RB, The Medical College of Wisconsin, Inc., 4.00%, 12/01/46

    5,950       6,513,512  

Wisconsin Health & Educational Facilities Authority, RB, Thedacare, Inc., 4.00%, 12/15/49(j)

    6,200       6,948,030  
   

 

 

 
      13,461,542  
Security          Value  

Total Municipal Bonds Transferred to Tender Option Bond Trusts — 36.3%
(Cost — $244,854,791)

 

  $ 260,336,711  
   

 

 

 

Total Long-Term Investments — 153.1%
(Cost — $995,766,742)

 

    1,098,931,850  
   

 

 

 
     Shares         
Short-Term Securities — 3.1%  

BlackRock Liquidity Funds, MuniCash, Institutional Class, 0.81%(k)(l)

    22,217,889       22,222,333  
   

 

 

 

Total Short-Term Securities — 3.1%
(Cost — $22,221,574)

 

    22,222,333  
   

 

 

 

Total Investments — 156.2%
(Cost — $1,017,988,316)

 

    1,121,154,183  
   

 

 

 

Other Assets Less Liabilities — 0.2%

      1,662,221  

Liability for TOB Trust Certificates, Including Interest Expense and Fees Payable — (21.4)%

 

    (153,706,352

VRDP Shares at Liquidation Value, Net of Deferred Offering Costs — (35.0)%

 

    (251,400,000
   

 

 

 

Net Assets Applicable to Common Shares — 100.0%

 

  $ 717,710,052  
 

 

 

 
 
(a)

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.

(b)

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.

(c)

Zero-coupon bond.

(d)

Non-income producing security.

(e)

Issuer filed for bankruptcy and/or is in default.

(f) 

When-issued security.

(g)

Variable or floating rate security, which interest rate adjusts periodically based on changes in current interest rates and prepayments on the underlying pool of assets. Rate shown is the rate in effect as of period end.

(h)

Step-up bond that pays an initial coupon rate for the first period and then a higher coupon rate for the following periods. Rate as of period end.

(i) 

Represent bonds transferred to a TOB Trust in exchange of cash and residual certificates received by the Fund. These bonds serve as collateral in a secured borrowing.

(j)  

All or a portion of the security is subject to a recourse agreement. The aggregate maximum potential amount the Fund could ultimately be required to pay under the agreements, which expire between August 15, 2020 to December 15, 2027, is $21,753,479.

(k)

Annualized 7-day yield as of period end.

 

 

10   


Schedule of Investments  (unaudited) (continued)

January 31, 2020

  

BlackRock MuniYield Fund, Inc. (MYD)

 

(l) 

During the period ended January 31, 2020, investments in issuers considered to be an affiliate/affiliates of the Fund for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

 

Affiliate    Shares
Held at
04/30/19
     Net
Activity
     Shares
Held at
01/31/20
     Value at
01/31/20
     Income     

Net
Realized
Gain (Loss) (a)

     Change in
Unrealized
Appreciation
(Depreciation)
 

BlackRock Liquidity Funds, MuniCash, Institutional Class

     5,922,549        16,295,340        22,217,889      $ 22,222,333      $ 199,311      $ (12    $ 1,341  
              

 

 

    

 

 

    

 

 

 

 

  (a) 

Includes net capital gain distributions, if applicable.

 

Portfolio Abbreviations

AGC — Assured Guarantee Corp.

AGM — Assured Guaranty Municipal Corp.

AMBAC — American Municipal Bond Assurance Corp.

AMT — Alternative Minimum Tax (subject to)

ARB — Airport Revenue Bonds

CAB — Capital Appreciation Bonds

COP — Certificates of Participation

EDA — Economic Development Authority

EDC — Economic Development Corp.

FHA — Federal Housing Administration

GARB — General Airport Revenue Bonds

GO — General Obligation Bonds

GTD — Guaranteed

IDA — Industrial Development Authority

LRB — Lease Revenue Bonds

M/F — Multi-Family

RB — Revenue Bonds

S/F — Single-Family

SRF — State Revolving Fund

Derivative Financial Instruments Outstanding as of Period End

Futures Contracts

 

Description    Number of
Contracts
       Expiration
Date
       Notional
Amount (000)
       Value /
Unrealized
Appreciation
(Depreciation)
 

Short Contracts

                 

10-Year U.S. Treasury Note

     44          03/20/20        $ 5,793        $ (94,058

Long U.S. Treasury Bond

     267          03/20/20          43,663          (1,040,523

5-Year U.S. Treasury Note

     33          03/31/20          3,971          (39,445
                 

 

 

 
        $ (1,174,026
       

 

 

 

 

 

          11  


Schedule of Investments  (unaudited) (continued)

January 31, 2020

  

BlackRock MuniYield Fund, Inc. (MYD)

 

Fair Value Hierarchy as of Period End

 

 

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

 

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

 

•  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 BlackRock Global Valuation Methodologies Committee’s (the “Global Valuation Committee’s”) assumptions used in determining the fair value of investments and derivative 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 Global Valuation Committee in determining the price for Fair Valued Investments. Level 3 investments include equity or debt issued by privately held companies or funds. There may not be a secondary market, and/or there are a limited number of investors. The categorization of a value determined for investments and derivative financial instruments is based on the pricing transparency of the investments and derivative 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 investments and derivative financial instruments, refer to the Fund’s most recent financial statements as contained in its semi-annual report.

 

The following tables summarize the Fund’s investments and derivative financial instruments categorized in the disclosure hierarchy:

 

 

   

   

   

 

 

      Level 1        Level 2        Level 3        Total  

Assets:

 

Investments:

 

Long-Term Investments(a)

   $        $ 1,098,931,850        $        $ 1,098,931,850  

Short-Term Securities

     22,222,333                            22,222,333  
  

 

 

      

 

 

      

 

 

      

 

 

 
   $ 22,222,333        $ 1,098,931,850        $        $ 1,121,154,183  
  

 

 

      

 

 

      

 

 

      

 

 

 

Derivative Financial Instruments(b)

 

Liabilities:

 

Interest Rate Contracts

   $ (1,174,026      $        $        $ (1,174,026
  

 

 

      

 

 

      

 

 

      

 

 

 

 

  (a)

See above Schedule of Investments for values in each state or political subdivision.

 
  (b) 

Derivative financial instruments are futures contracts. Futures contracts are valued at the unrealized appreciation (depreciation) on the instrument.

 

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 disclosure hierarchy as follows:

 

      Level 1        Level 2        Level 3        Total  

Liabilities:

 

    

TOB Trust Certificates

   $        $ (153,287,940      $        $ (153,287,940

VRDP Shares at Liquidation Value

              (251,400,000                 (251,400,000
  

 

 

      

 

 

      

 

 

      

 

 

 
   $        $ (404,687,940      $        $ (404,687,940
  

 

 

      

 

 

      

 

 

      

 

 

 

 

 

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