NPORT-EX 2 NPORT_896136893825055.htm BlackRock MuniYield Fund

Schedule of Investments  (unaudited)

July 31, 2020

   

BlackRock MuniYield Fund, Inc. (MYD)

(Percentages shown are based on Net Assets)

 

Security  

Par

(000)

     Value  

Municipal Bonds

    
Alabama — 2.0%            

County of Jefferson Alabama Sewer Revenue Refunding RB

    

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

   $     1,665     $ 1,866,598  

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

     3,175       3,576,003  

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

     7,410       8,610,494  
   

 

 

  
      14,053,095  
Alaska — 0.0%            

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

     160       160,226  
   

 

 

  
Arizona — 2.9%            

Industrial Development Authority of the City of Phoenix RB, Series A, 5.00%, 07/01/46(a)

    3,575       3,750,211  

Salt Verde Financial Corp. RB

    

5.00%, 12/01/32

     7,365       9,897,676  

5.00%, 12/01/37

     5,000       6,957,350  
   

 

 

  
      20,605,237  
Arkansas — 1.0%            

Arkansas Development Finance Authority RB

    

5.00%, 12/01/47

     1,120       1,385,462  

AMT, 4.50%, 09/01/49(a)

    5,230       5,292,080  
   

 

 

  
      6,677,542  
California — 4.8%            

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

     4,455       7,691,602  

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

    6,465       6,476,572  

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

     2,560       2,877,286  

California Municipal Finance Authority RB, S/F Housing

    

Series A, Senior, 5.25%, 08/15/39

     305       338,846  

Series A, Senior, 5.25%, 08/15/49

     770       834,611  

California Pollution Control Financing Authority RB, AMT, 5.00%, 11/21/45(a)

    1,650       1,703,840  

California State Public Works Board RB, Series I, 5.00%, 11/01/38

     1,605       1,817,984  

California Statewide Financing Authority RB, Series A, 6.00%, 05/01/43

     3,285       3,286,478  

Golden State Tobacco Securitization Corp. Refunding RB

    

Series A-1, 5.25%, 06/01/47

     1,140       1,169,902  

Series A-2, 5.00%, 06/01/47

     4,525       4,625,410  

State of California GO

    

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

     10       10,034  

6.00%, 03/01/33

     1,710       1,716,857  

Stockton Public Financing Authority RB, Series A, 6.25%, 10/01/23(b)

    740       882,146  
   

 

 

  
          33,431,568  
Colorado — 1.7%            

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

     2,635       3,484,550  

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

     3,735       4,109,957  
Security  

Par

(000)

     Value  
Colorado (continued)            

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

   $ 1,250     $ 1,261,375  

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

     2,695       3,085,721  
   

 

 

  
      11,941,603  
Connecticut — 1.3%            

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

     6,580       7,808,552  

State of Connecticut Special Tax Revenue RB

    

Series A, 4.00%, 05/01/36

     690       823,404  

Series A, 4.00%, 05/01/39

     440       518,087  
   

 

 

  
      9,150,043  
Delaware — 1.9%            

County of Sussex Delaware RB, 6.00%, 10/01/40

     2,305       2,339,575  

Delaware State Economic Development Authority RB, 5.38%, 10/01/45

     8,275       8,318,526  

Delaware Transportation Authority RB, 5.00%, 06/01/55

     2,430       2,767,163  
   

 

 

  
      13,425,264  
District of Columbia — 6.4%            

District of Columbia Refunding RB

    

5.00%, 04/01/35

     910       1,068,331  

5.00%, 10/01/48

     4,875       5,749,380  

District of Columbia TA, 5.13%, 06/01/41

     4,440       4,604,280  

Metropolitan Washington Airports Authority Dulles Toll Road Revenue Refunding RB

    

Series A, 5.00%, 10/01/53

     4,240       4,417,274  

Series B, 4.00%, 10/01/49

     1,615       1,789,372  

Metropolitan Washington Airports Authority Dulles Toll Road Revenue Refunding RB, CAB(c)

   

Series B, 2nd Senior Lien, (AGC), 0.00%, 10/01/31

     8,350       6,456,053  

Series B, 2nd Senior Lien, (AGC), 0.00%, 10/01/32

     15,000       11,223,300  

Series B, 2nd Senior Lien, (AGC), 0.00%, 10/01/33

         13,410       9,681,349  
   

 

 

  
          44,989,339  
Florida — 4.2%            

Alachua County Health Facilities Authority RB, Series A, 5.00%, 12/01/44

     4,825       5,491,622  

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

     2,790       3,125,358  

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

    7,530       7,593,101  

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

    6,150       6,654,116  

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

    3,099       2,450,214  

Volusia County Educational Facility Authority Refunding RB, 5.00%, 10/15/49

     3,695       4,464,964  
   

 

 

  
      29,779,375  
Georgia — 2.1%            

Gainesville & Hall County Hospital Authority Refunding RB, Series A, (GTD), 5.50%, 08/15/54

     1,075       1,264,114  

Main Street Natural Gas, Inc. RB

    

Series A, 5.00%, 05/15/35

     1,040       1,394,359  

Series A, 5.00%, 05/15/36

     1,040       1,405,383  

Series A, 5.00%, 05/15/37

     1,145       1,561,150  

Series A, 5.00%, 05/15/38

     630       868,638  

Series A, 5.00%, 05/15/49

     2,100       3,117,030  
 

 

 

  1

Schedule of Investments  (unaudited) (continued)

July 31, 2020

   

BlackRock MuniYield Fund, Inc. (MYD)

(Percentages shown are based on Net Assets)

 

Security  

Par

(000)

     Value  
Georgia (continued)            

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

   $ 3,290     $ 3,671,410  

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

     1,285       1,399,314  
   

 

 

  
      14,681,398  
Hawaii — 0.4%            

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

     2,760       2,769,108  
   

 

 

  
Idaho — 1.4%            

Power County Industrial Development Corp. RB, AMT, 6.45%, 08/01/32

     10,000       10,035,000  
   

 

 

  
Illinois — 12.0%            

Chicago Board of Education GO

    

Series C, 5.25%, 12/01/35

     3,095       3,291,254  

Series D, 5.00%, 12/01/46

     4,040       4,218,669  

Series H, 5.00%, 12/01/36

     460       498,125  

Chicago Board of Education Refunding GO

    

Series C, 5.00%, 12/01/25

     1,365       1,508,448  

Series D, 5.00%, 12/01/25

     1,735       1,917,331  

Series D, 5.00%, 12/01/31

     1,000       1,107,660  

Series F, 5.00%, 12/01/22

     1,305       1,372,612  

Series G, 5.00%, 12/01/34

     455       495,504  

Chicago O’Hare International Airport ARB

    

Series A, 3rd Lien, 5.75%, 01/01/21(b)

    2,940       3,007,208  

Series A, 3rd Lien, 5.63%, 01/01/35

     810       825,082  

Series A, 3rd Lien, 5.75%, 01/01/39

     560       570,371  

Series C, 3rd Lien, 6.50%, 01/01/21(b)

    11,920       12,232,781  

Chicago Transit Authority RB, 5.25%, 12/01/40

     2,130       2,231,942  

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

     1,635       1,796,440  

Illinois Finance Authority RB

    

Series A, 5.00%, 02/15/47

     425       428,051  

Series A, 5.00%, 02/15/50

     210       211,382  

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

    1,970       2,092,081  

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

     5,815       6,747,551  

Metropolitan Pier & Exposition Authority RB, Series A, 5.00%, 06/15/57

     1,835       1,964,900  

Metropolitan Pier & Exposition Authority Refunding RB

    

4.00%, 06/15/50

     2,830       2,828,811  

Series B, (AGM), 0.00%, 06/15/43(c)

    10,925       5,118,690  

Series B, (AGM), 0.00%, 06/15/47(c)

        27,225       10,873,665  

Railsplitter Tobacco Settlement Authority RB(b)

 

  

5.50%, 06/01/21

     2,730       2,850,338  

6.00%, 06/01/28

     2,335       2,447,547  

State of Illinois GO

5.50%, 07/01/38

     4,000       4,308,040  

5.00%, 02/01/39

     3,195       3,389,831  

Series A, 5.00%, 04/01/38

     2,510       2,641,675  

State of Illinois Refunding GO, Series B, 5.00%, 10/01/28

     1,000       1,168,470  

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

     2,045       2,255,574  
   

 

 

  
          84,400,033  
Indiana — 3.0%            

City of Valparaiso Indiana RB

    

AMT, 6.75%, 01/01/34

     1,635       1,787,071  
Security  

Par

(000)

     Value  
Indiana (continued)            

AMT, 7.00%, 01/01/44

   $ 3,950     $ 4,393,032  

Indiana Finance Authority RB

    

Series A, 1st Lien, 5.25%, 10/01/38

         6,665       7,011,647  

Series A, AMT, 5.00%, 07/01/44

     910       969,842  

Series A, AMT, 5.00%, 07/01/48

     3,015       3,212,935  

Series A, AMT, 5.25%, 01/01/51

     840       898,976  

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

     2,580       2,842,231  
   

 

 

  
      21,115,734  
Iowa — 1.5%            

Iowa Finance Authority Refunding RB

    

5.25%, 12/01/25

     940       988,335  

5.88%, 12/01/26(a)

    835       865,486  

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

    5,720       6,050,959  

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

     2,695       2,695,269  
   

 

 

  
      10,600,049  
Kentucky — 1.1%            

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

    2,055       2,305,957  

Kentucky Economic Development Finance Authority Refunding RB, Series A, (AGM), 5.00%, 12/01/45

     2,625       3,129,499  

Kentucky Public Transportation Infrastructure Authority RB, CAB, Series C,
6.75%, 07/01/43(g)

    2,485       2,436,219  
   

 

 

  
      7,871,675  
Louisiana — 2.5%            

Louisiana Public Facilities Authority Refunding RB, 5.00%, 04/01/45(h)

    5,500       6,983,680  

Parish of St John the BaptiSt. Louisiana Refunding RB, 2.10%, 06/01/37(f)

    950       936,871  

Tobacco Settlement Financing Corp. Refunding RB

    

Series A, 5.50%, 05/15/30

     1,630       1,632,738  

Series A, 5.25%, 05/15/31

     1,750       1,794,240  

Series A, 5.25%, 05/15/32

     2,240       2,362,730  

Series A, 5.25%, 05/15/33

     2,430       2,560,807  

Series A, 5.25%, 05/15/35

     1,025       1,102,439  
   

 

 

  
          17,373,505  
Maryland — 0.5%            

County of Prince George’s Maryland ARB, 5.20%, 07/01/34

     1,227       1,227,552  

Maryland Economic Development Corp. Refunding RB, 5.75%, 09/01/25

     1,300       1,302,327  

Maryland Health & Higher Educational Facilities Authority RB, 5.00%, 12/01/46

     880       1,048,599  
   

 

 

  
      3,578,478  
Massachusetts — 1.5%            

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

     3,250       4,520,100  

Massachusetts Housing Finance Agency RB, M/F Housing

    

Series C-1, 3.15%, 12/01/49

     1,165       1,215,573  

Series C-1, 3.25%, 12/01/54

     4,280       4,466,779  
   

 

 

  
      10,202,452  
Michigan — 2.4%            

City of Detroit Michigan Sewage Disposal System Revenue Refunding RB, Series A, Senior Lien, 5.25%, 07/01/22(b)

    8,995       9,874,441  
 

 

 

2  

Schedule of Investments  (unaudited) (continued)

July 31, 2020

   

BlackRock MuniYield Fund, Inc. (MYD)

(Percentages shown are based on Net Assets)

 

Security  

Par

(000)

     Value  
Michigan (continued)            

Michigan Finance Authority Refunding RB, Series A, 4.00%, 12/01/49

   $ 1,710     $ 1,960,327  

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

     2,105       2,642,701  

Michigan Strategic Fund RB, AMT, 5.00%, 06/30/48

     2,255       2,521,767  
   

 

 

  
      16,999,236  
Minnesota — 1.1%            

Duluth Economic Development Authority Refunding RB

    

Series A, 4.25%, 02/15/48

     2,160       2,415,744  

Series A, 5.25%, 02/15/53

     4,315       5,161,128  
   

 

 

  
      7,576,872  
Missouri — 1.0%            

Health & Educational Facilities Authority of the State of Missouri Refunding RB

    

5.50%, 05/01/43

     510       544,925  

Series C, 5.00%, 11/15/47

     5,470       6,537,798  
   

 

 

  
      7,082,723  
Nebraska — 0.4%            

Central Plains Energy Project RB
5.25%, 09/01/37

     1,670       1,818,079  

5.00%, 09/01/42

     925       1,003,098  
   

 

 

  
      2,821,177  
New Hampshire(a) — 0.7%            

New Hampshire Business Finance Authority Refunding RB

    

Series B, 4.63%, 11/01/42

     3,205       3,238,717  

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

     1,665       1,682,682  
   

 

 

  
      4,921,399  
New Jersey — 13.5%            

Casino Reinvestment Development Authority, Inc. Refunding RB

    

5.25%, 11/01/39

     3,490       3,611,975  

5.25%, 11/01/44

     3,180       3,269,867  

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

    2,250       2,252,002  

New Jersey Economic Development Authority RB
4.00%, 11/01/38

     1,075       1,163,483  

4.00%, 11/01/39

     860       927,123  

5.00%, 06/15/49

     4,850       5,613,390  

Series EEE, 5.00%, 06/15/48

     7,780       8,889,584  

Series B, AMT, 6.50%, 04/01/31

     2,295       2,454,847  

New Jersey Economic Development Authority Refunding ARB, AMT, 5.00%, 10/01/47

     3,040       3,332,114  

New Jersey Transportation Trust Fund Authority RB

    

Series A, 5.50%, 06/15/41(b)

    3,630       3,797,597  

Series AA, 5.00%, 06/15/44

     3,875       4,141,534  

Series B, 5.25%, 06/15/36

     4,990       5,134,011  

Series BB, 4.00%, 06/15/50

     3,150       3,329,361  

Series BB, 5.00%, 06/15/50

         10,800           12,344,184  

New Jersey Transportation Trust Fund Authority RB, CAB, Series C, (AMBAC), 0.00%, 12/15/35(c)

    7,395       4,445,208  

New Jersey Turnpike Authority RB

    

Series A, 5.00%, 01/01/43

     685       732,073  

Series E, 5.00%, 01/01/45

     5,425       6,143,053  
Security  

Par

(000)

     Value  
New Jersey (continued)            

Tobacco Settlement Financing Corp. Refunding RB

    

Series A, 5.25%, 06/01/46

   $ 5,120     $ 6,048,205  

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

     14,860       16,717,649  
   

 

 

  
          94,347,260  
NewYork — 11.8%            

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

     4,070       4,069,308  

Metropolitan Transportation Authority RB

    

Series B, 5.25%, 11/15/38

     4,960       5,302,389  

Series B, 5.25%, 11/15/39

     1,765       1,883,732  

Metropolitan Transportation Authority Refunding RB

    

Series C-1, 4.75%, 11/15/45

     3,335       3,726,963  

Series C-1, 5.00%, 11/15/50

     1,085       1,244,256  

Series C-1, 5.25%, 11/15/55

     1,605       1,836,216  

Monroe County Industrial Development Corp. Refunding RB, Series A, 4.00%, 07/01/50(h)

    2,240       2,626,915  

New York City Housing Development Corp. RB, M/F Housing, Series A, 3.00%, 11/01/55

     2,220       2,311,797  

New York City Transitional Finance Authority Future Tax Secured Revenue RB

    

4.00%, 05/01/40

     905       1,096,208  

Series C, 4.00%, 05/01/45

     2,275       2,711,959  

Sub-Series E-1, 5.00%, 02/01/42

     4,235       4,494,436  

New York Counties Tobacco Trust IV Refunding RB, Series A, 6.25%, 06/01/41(a)

    3,600       3,601,800  

New York Liberty Development Corp. Refunding RB(a)

   

Class 1, 5.00%, 11/15/44

     8,145       8,657,076  

Class 2, 5.15%, 11/15/34

     705       747,448  

Class 2, 5.38%, 11/15/40

     1,760       1,879,328  

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

     3,750       4,726,913  

New York State Urban Development Corp. RB

    

Series A, 4.00%, 03/15/49

         16,590       19,473,840  

Series A, 3.00%, 03/15/50

     2,695       2,861,847  

New York Transportation Development Corp. ARB, Series A, AMT, 5.25%, 01/01/50

     1,525       1,667,374  

Port Authority of New York & New Jersey RB

    

Series 8, 6.00%, 12/01/36

     2,625       2,664,060  

Series 8, 6.00%, 12/01/42

     1,485       1,506,013  

Triborough Bridge & Tunnel Authority RB

    

Series A, 4.00%, 11/15/54

     555       649,394  

Series A, 5.00%, 11/15/54

     1,770       2,265,618  

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

     440       482,032  
   

 

 

  
      82,486,922  
North Carolina — 0.6%            

North Carolina Capital Facilities Finance Agency Refunding RB, Series B, 4.63%, 11/01/40

     1,140       1,150,705  

North Carolina Medical Care Commission Refunding RB, Series A, 7.75%, 03/01/21(b)

    1,210       1,263,312  

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

     1,130       1,804,644  
   

 

 

  
      4,218,661  
North Dakota — 0.3%            

County of Cass North Dakota Refunding RB,

    

Series B, 5.25%, 02/15/58

     2,000       2,386,240  
   

 

 

  
 

 

 

  3

Schedule of Investments  (unaudited) (continued)

July 31, 2020

   

BlackRock MuniYield Fund, Inc. (MYD)

(Percentages shown are based on Net Assets)

 

Security  

Par

(000)

     Value  
Ohio — 3.9%            

Buckeye Tobacco Settlement Financing Authority Refunding RB

    

Series A-2, Class 1, 4.00%, 06/01/37

   $ 610     $ 717,311  

Series A-2, Class 1, 4.00%, 06/01/38

     610       713,157  

Series A-2, Class 1, 4.00%, 06/01/39

     610       711,419  

Series A-2, Class 1, 4.00%, 06/01/48

     1,605       1,793,941  

Series B-2, Class 2, 5.00%, 06/01/55

     7,035       7,754,891  

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

     4,160       4,454,320  

County of Franklin Ohio RB

    

5.00%, 12/01/46

     840       995,862  

Series A, 6.13%, 07/01/22(b)

    80       89,121  

Series A, 6.13%, 07/01/40

     1,300       1,367,639  

Series A, 4.00%, 12/01/49

     1,060       1,214,378  

County of Hamilton Ohio Refunding RB

    

4.00%, 08/15/50

     1,245       1,427,567  

Series A, 3.75%, 08/15/50

     2,190       2,432,258  

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

    1,545       1,572,794  

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

     1,685       1,869,272  
   

 

 

  
      27,113,930  
Oklahoma — 1.8%            

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

     2,460       2,919,725  

Oklahoma Turnpike Authority RB

    

Series A, 4.00%, 01/01/48

     4,320       4,855,464  

Series C, 4.00%, 01/01/42

     4,115       4,677,891  
   

 

 

  
      12,453,080  
Pennsylvania — 3.5%            

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

     5,250       5,453,385  

Hospitals & Higher Education Facilities Authority of Philadelphia RB, Series A, 5.63%, 07/01/42

     1,325       1,387,726  

Montgomery County Higher Education and Health Authority Refunding RB

    

Series A, 5.00%, 09/01/43

     2,610       3,120,385  

Series A, 4.00%, 09/01/49

     1,185       1,300,739  

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

     1,765       1,928,827  

Pennsylvania Economic Development Financing Authority Refunding RB, AMT, 5.50%, 11/01/44

     3,210       3,294,937  

Pennsylvania Higher Educational Facilities Authority RB, 4.00%, 08/15/49

     4,875       5,563,691  

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

         2,305       2,671,518  
   

 

 

  
          24,721,208  
Puerto Rico — 6.0%            

Children’s Trust Fund Refunding RB

    

5.50%, 05/15/39

     1,430       1,430,429  

5.63%, 05/15/43

     1,430       1,430,286  

Puerto Rico Commonwealth Aqueduct & Sewer Authority RB

    

Series A, Senior Lien, 5.00%, 07/01/33

     5,165       5,302,234  

Series A, Senior Lien, 5.13%, 07/01/37

     1,470       1,512,262  

Puerto Rico Commonwealth Aqueduct & Sewer Authority Refunding RB

    

Series A, Senior Lien, 6.00%, 07/01/38

     1,530       1,543,571  
Security  

Par

(000)

     Value  
Puerto Rico (continued)            

Series A, Senior Lien, 6.00%, 07/01/44

   $ 2,770     $ 2,794,265  

Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue RB, CAB, Series A-1, Restructured, 0.00%, 07/01/51(c)

    1,547       326,340  

Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue RB, CAB, Restructured, Series A-1, 0.00%, 07/01/46(c)

    8,495       2,476,038  

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

    

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

     3,817       4,052,891  

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

         13,372       14,401,911  

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

     6,236       6,641,028  
   

 

 

  
          41,911,255  
Rhode Island — 2.9%            

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       8,682,433  

Series B, 5.00%, 06/01/50

     9,875       10,674,085  
   

 

 

  
      19,993,617  
South Carolina — 3.9%            

South Carolina Jobs-Economic Development Authority Refunding RB, Series A, 5.00%, 05/01/48

     6,455       7,362,121  

South Carolina Public Service Authority RB, Series A, 5.50%, 12/01/54

     8,090       9,164,918  

South Carolina Public Service Authority Refunding RB

    

Series A, 5.00%, 12/01/50

     5,000       5,704,650  

Series E, 5.25%, 12/01/55

     4,550       5,332,691  
   

 

 

  
      27,564,380  
Tennessee — 1.1%            

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

    2,855       3,193,860  

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

     330       363,129  

Metropolitan Government Nashville & Davidson County Health & Educational Facs Bd RB, Series A, 5.00%, 07/01/40

     1,440       1,647,273  

Metropolitan Government Nashville & Davidson County Health & Educational Facs Bd Refunding RB, Series A, 5.25%, 10/01/58

     2,025       2,364,815  
   

 

 

  
      7,569,077  
Texas — 6.9%            

Central Texas Regional Mobility Authority Refunding RB

    

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

    4,365       4,473,296  

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

     725       789,822  

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

     3,600       3,703,320  

City of Houston Texas Airport System Revenue Refunding RB, AMT, 5.00%, 07/01/29

     1,765       1,786,127  

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

     2,440       3,111,366  

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

     1,525       1,694,336  
 

 

 

4  

Schedule of Investments  (unaudited) (continued)

July 31, 2020

   

BlackRock MuniYield Fund, Inc. (MYD)

(Percentages shown are based on Net Assets)

 

Security  

Par

(000)

     Value  
Texas (continued)            

Harris County Cultural Education Facilities Finance Corp. RB

    

Series B, 7.00%, 01/01/23(b)

  $ 485     $ 564,235  

Series B, 6.38%, 01/01/33

     460       488,584  

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

    4,110       2,240,854  

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

     1,910       2,216,593  

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

     5,260       6,573,580  

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

     9,585       11,723,797  

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

     6,000       6,024,360  

Texas Transportation Commission RB, 5.00%, 08/01/57

     2,435       2,853,187  
   

 

 

  
      48,243,457  
Utah — 1.0%            

County of Utah RB

    

Series A, 4.00%, 05/15/43

     450       532,692  

Series A, 3.00%, 05/15/50

     2,065       2,194,558  

Salt Lake City Corp. Airport Revenue ARB

    

Series A, AMT, 5.00%, 07/01/47

     1,920       2,252,928  

Series A, AMT, 5.00%, 07/01/48

     1,845       2,207,377  
   

 

 

  
      7,187,555  
Vermont(h) — 1.2%            

Vermont Educational & Health Buildings Financing Agency Refunding RB

 

  

5.00%, 11/01/49

     3,640       4,625,676  

4.00%, 11/01/50

     3,275       3,825,069  
   

 

 

  
      8,450,745  
Virginia — 1.1%            

Virginia Small Business Financing Authority RB

 

  

Senior Lien, AMT, 5.25%, 01/01/32

     3,270       3,479,411  

Senior Lien, AMT, 6.00%, 01/01/37

         3,900       4,191,330  
   

 

 

  
      7,670,741  
Washington — 1.6%            

Port of Seattle Washington ARB

    

Series A, AMT, 5.00%, 05/01/43

     3,120       3,639,386  

Series C, AMT, 5.00%, 04/01/40

     1,565       1,769,311  

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

     4,745       5,350,130  

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

     715       777,126  
   

 

 

  
          11,535,953  
Wisconsin — 0.3%            

Public Finance Authority RB

    

Series A, 5.00%, 07/15/39(a)

    190       199,042  

Series A, 5.00%, 07/15/49(a)

    720       739,707  
Security  

Par

(000)

     Value  
Wisconsin (continued)            

Series A, 5.00%, 07/15/54(a)

  $ 345     $ 353,228  

Series B, 5.00%, 06/01/49

     930       945,773  
   

 

 

  
      2,237,750  
   

 

 

  

Total Municipal Bonds — 119.2%
(Cost: $761,631,509)

           836,333,962  
   

 

 

  
Municipal Bonds Transferred to Tender Option Bond Trusts(i)  

California — 2.9%

    

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

    6,496       7,481,453  

City of Los Angeles Department of Airports Refunding RB, Series A, 5.00%, 05/15/40

     4,689       4,703,135  

Sacramento Area Flood Control Agency Refunding SAB, 5.00%, 10/01/47

     6,494       7,855,761  
   

 

 

  
      20,040,349  
Colorado — 2.1%            

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

    4,775       5,813,576  

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

     7,820       8,619,438  
   

 

 

  
      14,433,014  
District of Columbia — 2.3%            

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

     10,265       11,746,955  

Metropolitan Washington Airports Authority Dulles Toll Road Revenue Refunding RB, Series B, (AGM), 4.00%, 10/01/53

     3,779       4,234,995  
   

 

 

  
      15,981,950  
Georgia — 1.5%            

Dalton Whitfield County Joint Development Authority RB, 4.00%, 08/15/48

     6,660       7,498,361  

Georgia Housing & Finance Authority Refunding RB, Series A, 3.60%, 12/01/44

     3,037       3,347,289  
   

 

 

  
      10,845,650  
Illinois — 0.5%            

Illinois Finance Authority Refunding RB

    

Series C, 4.00%, 02/15/27(b)

    6       6,482  

Series C, 4.00%, 02/15/41

     2,994       3,351,255  
   

 

 

  
      3,357,737  
Massachusetts — 1.4%            

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

     4,333       4,835,664  

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

        4,607       4,874,352  
   

 

 

  
      9,710,016  
New York — 12.5%            

Hudson Yards Infrastructure Corp. RB

    

5.75%, 02/15/21(b)(j)

    2,018       2,074,740  

5.75%, 02/15/47

     1,242       1,276,317  
 

 

 

  5

Schedule of Investments  (unaudited) (continued)

July 31, 2020

   

BlackRock MuniYield Fund, Inc. (MYD)

(Percentages shown are based on Net Assets)

 

Security  

Par

(000)

     Value  
New York (continued)            

New York Liberty Development Corp. ARB, 5.25%, 12/15/43

   $ 21,629     $ 22,856,861  

New York Liberty Development Corp. Refunding RB, 5.75%, 11/15/51(j)

    13,081       13,920,233  

New York Power Authority Refunding RB, Series A, 4.00%, 11/15/60

     2,760       3,278,549  

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

     12,580       14,685,892  

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

     6,065       6,945,339  

New York State Urban Development Corp. RB, Series A, 4.00%, 03/15/46

     13,980       16,023,456  

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

  

 

5,400

 

  

 

6,373,998

 

   

 

 

  
      87,435,385  
North Carolina — 0.9%            

North Carolina Capital Facilities Finance Agency Refunding RB, Series B, 5.00%, 10/01/25(b)

    5,290       6,562,457  
   

 

 

  
Pennsylvania — 0.8%            

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

     4,877       5,848,970  
   

 

 

  
Rhode Island — 0.5%            

Narragansett Bay Commission Refunding RB, Series A, 4.00%, 09/01/22(b)

    3,272       3,532,668  
   

 

 

  
Texas — 6.8%            

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

     5,060       5,577,537  

Lower Colorado River Authority Refunding RB, 4.00%, 05/15/43

     4,335       4,535,060  

Metropolitan Transit Authority of Harris County Sales & Use Tax Revenue Refunding RB, Series A,
5.00%, 11/01/21(b)

    6,920       7,339,075  

San Antonio Public Facilities Corp. Refunding RB, 4.00%, 09/15/42

     5,700       6,034,362  

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

     14,560       17,621,240  

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

     6,243       6,779,999  
   

 

 

  
      47,887,273  
Virginia — 1.6%            

Virginia Small Business Financing Authority Refunding RB, Series A, 4.00%, 12/01/49

         10,097       11,590,250  
   

 

 

  
Wisconsin — 1.9%            

Wisconsin Health & Educational Facilities Authority Refunding RB

    

4.00%, 12/01/46

     5,950       6,623,584  

4.00%, 12/15/49(j)

    6,200       7,050,206  
   

 

 

  
      13,673,790  
   

 

 

  

Total Municipal Bonds Transferred to Tender Option Bond Trusts — 35.7%
(Cost: $232,776,214)

 

     250,899,509  
   

 

 

  

Total Long-Term Investments — 154.9%
(Cost: $994,407,723)

 

       1,087,233,471  
   

 

 

  

Security		  
Shares		    
Value		  
Short-Term Securities            

Money Market Funds — 3.0%

    

BlackRock Liquidity Funds, MuniCash, Institutional Class, 0.04%(k)(l)

    20,996,631     $ 21,000,831  
   

 

 

  

Total Short-Term Securities — 3.0%
(Cost: $20,995,907)

 

     21,000,831  
   

 

 

  

Total Investments — 157.9%
(Cost: $1,015,403,630)

 

     1,108,234,302  

Liabilities in Excess of Other Assets — (1.2)%

 

     (9,005,064 ) 

Liability for TOB Trust Certificates, Including Interest Expense and Fees Payable — (20.9)%

 

     (146,523,953 ) 

VRDP Shares at Liquidation Value, Net of Deferred Offering Costs — (35.8)%

 

     (251,068,137 ) 
   

 

 

  

Net Assets Applicable to Common Shares — 100.0%

 

   $   701,637,148  
   

 

 

  

 

(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) 

Issuer filed for bankruptcy and/or is in default.

(e) 

Non-income producing security.

(f) 

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.

(g) 

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.

(h) 

When-issued security.

(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 May 15, 2021 to February 15, 2047, is $20,198,477.

(k) 

Affiliate of the Fund.

(l) 

Annualized 7-day yield as of period end.

 

 

 

6  

Schedule of Investments  (unaudited) (continued)

July 31, 2020

   

BlackRock MuniYield Fund, Inc. (MYD)

 

Affiliates

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

 

Affiliated Issuer    Shares
Held at
04/30/20		      Shares
Purchased		      Shares
Sold		      Shares
Held at
07/31/20		      Value at
07/31/20		      Income     

Net Realized

Gain (Loss)(a)

     

Change in
Unrealized
Appreciation

(Depreciation)

  

BlackRock Liquidity Funds, MuniCash, Institutional Class

      20,523,315        473,316 (b)       —        20,996,631      $ 21,000,831      $ 768      $ 4,053      $ (2,455 ) 
              

 

 

     

 

 

     

 

 

     

 

 

  

 

  (a) 

Includes net capital gain distributions, if applicable.

 
  (b) 

Represents net shares purchased (sold).

 

Fair Value Hierarchy as of Period End

Various inputs are used in determining the fair value of investments. 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)

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 is based on the pricing transparency of the investments 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, refer to its most recent financial statements.

The following table summarizes the Fund’s investments categorized in the disclosure hierarchy. The breakdown of the Fund’s investments into major categories is disclosed in the Schedule of Investments above.

 

      Level 1        Level 2        Level 3        Total  

Assets

                  

Investments

                  

Long-Term Investments

                  

Municipal Bonds

    $ —        $ 836,333,962        $ —        $ 836,333,962  

Municipal Bonds Transferred to Tender Option Bond Trusts

      —          250,899,509          —          250,899,509  

Short-Term Securities

                  

Money Market Funds

      21,000,831          —          —          21,000,831  
  

 

 

       

 

 

       

 

 

       

 

 

  
   $ 21,000,831        $ 1,087,233,471        $             —        $ 1,108,234,302  
  

 

 

       

 

 

       

 

 

       

 

 

  

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

    $ —        $ (146,464,722 )       $ —        $ (146,464,722 ) 

VRDP Shares at Liquidation Value

      —          (251,400,000 )         —          (251,400,000 ) 
  

 

 

       

 

 

       

 

 

       

 

 

  
   $             —        $ (397,864,722 )       $             —        $ (397,864,722 ) 
  

 

 

       

 

 

       

 

 

       

 

 

  

 

 

  7

Schedule of Investments  (unaudited) (continued)

July 31, 2020

   

BlackRock MuniYield Fund, Inc. (MYD)

 

Portfolio Abbreviation
AGC    Assured Guaranty Corp.
AGM    Assured Guaranty Municipal Corp.
AMBAC    AMBAC Assurance Corp.
AMT    Alternative Minimum Tax
ARB    Airport Revenue Bonds
CAB    Capital Appreciation Bonds
COP    Certificates of Participation
FHA    Federal Housing Administration
GO    General Obligation Bonds
GTD    GTD Guaranteed
M/F    Multi-Family
RB    Revenue Bond
S/F    Single-Family
SAB    Special Assessment Bonds
TA    Tax Allocation

 

 

8