NPORT-EX 2 NPORT_3895211621860981.htm BlackRock MuniYield Fund

Schedule of Investments (unaudited)

January 31, 2021

   

BlackRock MuniYield Fund, Inc. (MYD)

(Percentages shown are based on Net Assets)

 

Security   Par
(000)		     Value  

Municipal Bonds

    

Alabama — 1.9%

    

County of Jefferson Alabama Sewer Revenue, Refunding RB

    

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

   $ 1,665     $ 1,870,095  

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

     3,175       3,570,922  

Series D, Sub Lien, 6.00%, 10/01/42

     7,410       8,606,863  
   

 

 

  
      14,047,880  
Alaska — 0.0%            

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

     155       155,253  
   

 

 

  

Arizona — 3.0%

    

Glendale Industrial Development Authority, RB

    

5.00%, 05/15/41

     190       215,242  

5.00%, 05/15/56

     750       843,952  

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

     3,575       3,792,789  

Salt Verde Financial Corp., RB

    

5.00%, 12/01/32

     7,365       9,946,801  

5.00%, 12/01/37

     5,000       7,267,050  
   

 

 

  
        22,065,834  
Arkansas — 1.0%            

Arkansas Development Finance Authority, RB

    

5.00%, 12/01/47

     1,120       1,398,365  

AMT, 4.50%, 09/01/49(a)

     5,230       5,763,094  
   

 

 

  
      7,161,459  
California — 5.2%            

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

     4,455       7,264,457  

California Health Facilities Financing Authority, Refunding RB

    

Series A, 5.00%, 07/01/33

       2,560       2,845,081  

Series A, 4.00%, 04/01/45

     820       953,840  

California Municipal Finance Authority, RB, S/F Housing

    

Series A, 5.25%, 08/15/39

     305       335,884  

Series A, 5.25%, 08/15/49

     770       826,980  

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

     1,650       1,762,596  

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

     1,605       1,807,744  

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

     3,285       3,293,607  

City of Los Angeles Department of Airports, RB(b)

    

5.00%, 05/15/31

     715       976,404  

5.00%, 05/15/32

     860       1,164,698  

5.00%, 05/15/33

     850       1,145,375  

5.00%, 05/15/34

     885       1,186,502  

5.00%, 05/15/35

     1,400       1,864,422  

5.00%, 05/15/38

     605       797,608  

5.00%, 05/15/39

     650       854,145  

5.00%, 05/15/40

     1,360       1,781,464  

5.00%, 05/15/41

     1,460       1,906,220  
Security   Par
(000)		     Value  

California (continued)

    

Golden State Tobacco Securitization Corp., Refunding RB

    

Series A-1, 5.25%, 06/01/47

   $ 1,140     $ 1,189,886  

Series A-2, 5.00%, 06/01/47

     4,525       4,706,724  

State of California, GO, (AMBAC), 5.00%, 04/01/31

     10       10,039  

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

     740       860,428  
   

 

 

  
      37,534,104  
Colorado — 1.7%            

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

     2,635       3,503,628  

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

     3,735       4,283,522  

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

     1,250       1,304,275  

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

     2,695       3,180,342  
   

 

 

  
        12,271,767  
Connecticut — 0.7%            

State of Connecticut Special Tax Revenue, RB

    

Series A, 4.00%, 05/01/36

     690       836,404  

Series A, 4.00%, 05/01/39

     440       528,374  

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

     3,080       3,705,179  
   

 

 

  
      5,069,957  
Delaware — 0.4%            

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

     2,430       2,812,433  
   

 

 

  

District of Columbia — 6.5%

    

District of Columbia, Refunding RB

    

5.00%, 04/01/35

     910       1,093,911  

5.00%, 10/01/48

     4,875       5,905,234  

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

     4,440       4,510,152  

Metropolitan Washington Airports Authority Dulles Toll Road Revenue, Refunding RB

    

Series A, 5.00%, 10/01/53

     4,240       4,401,459  

Series B, Subordinate, 4.00%, 10/01/49

     1,615       1,835,674  

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

    

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

     8,350       6,929,331  

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

     15,000       12,069,150  

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

       13,410       10,465,432  
   

 

 

  
      47,210,343  
Florida — 4.5%            

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

     4,825       5,589,762  

Capital Projects Finance Authority, Refunding RB

    

Series A-1, 5.00%, 10/01/32

     405       473,157  

Series A-1, 5.00%, 10/01/33

     455       527,650  

Series A-1, 5.00%, 10/01/34

     455       524,952  

Series A-1, 5.00%, 10/01/35

     150       172,141  

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

     2,790       3,167,180  
 

 

S C H E D U L E   O F   I N V E S T M E N T S   1

Schedule of Investments (unaudited) (continued)

January 31, 2021

   

BlackRock MuniYield Fund, Inc. (MYD)

(Percentages shown are based on Net Assets)

 

Security   Par
(000)		     Value  

Florida (continued)

    

Florida Development Finance Corp., RB

    

Series A, 5.00%, 06/15/40

   $ 455     $ 520,980  

Series A, 5.00%, 06/15/50

     1,510       1,710,739  

Series A, 5.00%, 06/15/55

     905       1,023,356  

Miami-Dade County Florida Aviation Revenue, Refunding RB

    

Series A, 4.00%, 10/01/37

     680       831,701  

Series A, 4.00%, 10/01/38

     680       825,323  

Series A, 4.00%, 10/01/39

     505       611,015  

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

     6,150       6,441,633  

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

     3,036       2,581,564  

Sarasota County Florida Utility System Revenue RB

    

Series A, 5.00%, 10/01/45

     905       1,198,184  

Series A, 5.00%, 10/01/50

     1,360       1,779,533  

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

     3,695       4,510,819  
   

 

 

  
        32,489,689  
Georgia — 2.3%            

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

     1,075       1,278,132  

Georgia Housing & Finance Authority, RB, S/F Housing, Series B, 2.50%, 06/01/50

     1,510       1,543,809  

Main Street Natural Gas, Inc., RB

    

Series A, 5.00%, 05/15/35

       1,040       1,452,974  

Series A, 5.00%, 05/15/36

     1,040       1,466,597  

Series A, 5.00%, 05/15/37

     1,145       1,632,655  

Series A, 5.00%, 05/15/38

     630       908,038  

Series A, 5.00%, 05/15/49

     2,100       3,263,778  

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

     3,290       3,754,943  

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

     1,285       1,467,881  
   

 

 

  
      16,768,807  
Idaho — 1.4%            

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

     10,000       10,047,300  
   

 

 

  
Illinois — 10.7%            

Chicago Board of Education, GO

    

Series C, 5.25%, 12/01/35

     3,095       3,461,788  

Series D, 5.00%, 12/01/46

     4,040       4,478,300  

Series H, 5.00%, 12/01/36

     460       545,486  

Chicago Board of Education, Refunding GO

    

Series C, 5.00%, 12/01/25

     1,365       1,617,757  

Series D, 5.00%, 12/01/25

     1,735       2,056,270  

Series D, 5.00%, 12/01/31

     1,000       1,211,930  

Series F, 5.00%, 12/01/22

     1,305       1,405,629  

Series G, 5.00%, 12/01/34

     455       543,634  

Chicago O’Hare International Airport, Refunding RB, Series A, Senior Lien, 4.00%, 01/01/37

     1,960       2,360,977  

Chicago Transit Authority Sales Tax Receipts Fund, RB, 5.25%, 12/01/21(c)

     2,130       2,220,610  

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

     1,635       1,828,666  

Illinois Finance Authority, RB

    

Series A, 5.00%, 02/15/47

     500       533,110  

Series A, 5.00%, 02/15/50

     270       287,042  
Security   Par
(000)		     Value  

Illinois (continued)

    

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

   $ 1,970     $ 2,045,471  

Illinois State Toll Highway Authority, RB

    

Series A, 5.00%, 01/01/45

     2,705       3,493,291  

Series C, 5.00%, 01/01/37

     5,815       6,822,623  

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

     1,835       2,140,326  

Metropolitan Pier & Exposition Authority, Refunding RB, 4.00%, 06/15/50

     2,830       3,128,990  

Metropolitan Pier & Exposition Authority, Refunding RB, CAB(d)

    

Series B, (AGM), 0.00%, 06/15/43

     10,925       5,640,031  

Series B, (AGM), 0.00%, 06/15/47

       27,225       12,041,617  

Railsplitter Tobacco Settlement Authority, RB(c)

    

5.50%, 06/01/21

     2,730       2,778,594  

6.00%, 06/01/21

     2,335       2,380,766  

State of Illinois, GO

    

5.50%, 07/01/38

     4,000       4,369,040  

5.00%, 02/01/39

     3,195       3,524,053  

Series A, 5.00%, 04/01/38

     2,510       2,707,462  

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

     1,000       1,230,230  

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

     2,045       2,309,378  
   

 

 

  
      77,163,071  
Indiana — 2.9%            

City of Valparaiso Indiana, RB

    

AMT, 6.75%, 01/01/34

     1,635       1,794,560  

AMT, 7.00%, 01/01/44

     3,950       4,313,479  

Indiana Finance Authority, RB

    

Series A, 1st Lien, 5.25%, 10/01/38

     6,665       6,881,013  

Series A, AMT, 5.00%, 07/01/44

     910       977,349  

Series A, AMT, 5.00%, 07/01/48

     3,015       3,237,567  

Series A, AMT, 5.25%, 01/01/51

     840       906,436  

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

     2,580       2,812,535  
   

 

 

  
        20,922,939  
Iowa — 1.5%            

Iowa Finance Authority, Refunding RB

    

5.25%, 12/01/25

     940       1,055,094  

5.88%, 12/01/26

     835       863,373  

Series B, 5.25%, 12/01/50(g)

     5,720       6,408,231  

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

     2,695       2,727,717  
   

 

 

  
      11,054,415  
Kentucky — 1.1%            

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

     2,055       2,254,541  

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

     2,625       3,094,192  

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

     2,485       2,933,791  
   

 

 

  
      8,282,524  
Louisiana — 2.3%            

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

     5,500       6,898,815  

Tobacco Settlement Financing Corp., Refunding RB Series A, 5.50%, 05/15/30

     1,630       1,633,325  
 

 

2  

Schedule of Investments (unaudited) (continued)

January 31, 2021

   

BlackRock MuniYield Fund, Inc. (MYD)

(Percentages shown are based on Net Assets)

 

Security   Par
(000)		     Value  

Louisiana (continued)

    

Tobacco Settlement Financing Corp., Refunding RB (continued)

    

Series A, 5.25%, 05/15/31

   $ 1,750     $ 1,770,423  

Series A, 5.25%, 05/15/32

     2,240       2,356,615  

Series A, 5.25%, 05/15/33

     2,430       2,556,384  

Series A, 5.25%, 05/15/35

     1,025       1,117,998  
   

 

 

  
      16,333,560  
Maryland — 0.3%            

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

     1,227       1,228,276  

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

     880       1,075,078  
   

 

 

  
      2,303,354  
Massachusetts — 1.4%            

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

     3,250       4,453,215  

Massachusetts Housing Finance Agency, RB, M/F Housing

    

Series C-1, 3.15%, 12/01/49

     1,165       1,225,825  

Series C-1, 3.25%, 12/01/54

     4,280       4,520,664  
   

 

 

  
      10,199,704  
Michigan — 2.3%            

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

     8,995       9,646,418  

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

     1,710       2,027,153  

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

     2,105       2,586,982  

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

       2,255       2,718,222  
   

 

 

  
        16,978,775  
Minnesota — 1.0%            

Duluth Economic Development Authority, Refunding RB

    

Series A, 4.25%, 02/15/48

     2,160       2,407,579  

Series A, 5.25%, 02/15/53

     4,315       5,120,395  
   

 

 

  
      7,527,974  
Missouri — 2.0%            

Health & Educational Facilities Authority of the State of Missouri, RB, 4.00%, 06/01/53

     6,030       7,040,326  

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

    

5.50%, 05/01/43

     510       541,136  

Series C, 5.00%, 11/15/47

     5,470       6,621,763  
   

 

 

  
      14,203,225  
Nebraska — 0.4%            

Central Plains Energy Project, RB

    

5.25%, 09/01/37

     1,670       1,797,087  

5.00%, 09/01/42

     925       991,720  
   

 

 

  
      2,788,807  
Security   Par
(000)		     Value  

New Hampshire(a) — 0.7%

    

New Hampshire Business Finance Authority, Refunding RB

    

Series B, 4.63%, 11/01/42

   $ 3,205     $ 3,357,846  

Series C, AMT, 4.88%, 11/01/42

     1,665       1,754,261  
   

 

 

  
      5,112,107  
New Jersey — 15.0%            

Casino Reinvestment Development Authority, Inc., Refunding RB

    

5.25%, 11/01/39

     3,490       3,744,421  

5.25%, 11/01/44

     3,180       3,395,318  

Hudson County Improvement Authority, RB, 4.00%, 10/01/46

     3,470       4,117,537  

New Jersey Economic Development Authority, RB

    

4.00%, 11/01/38

     1,075       1,231,886  

4.00%, 11/01/39

     860       983,212  

5.00%, 06/15/49

     4,850       5,926,215  

Series EEE, 5.00%, 06/15/48

     7,780       9,334,755  

Series B, AMT, 6.50%, 04/01/31

     2,295       2,463,545  

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

     3,040       3,511,534  

New Jersey Transportation Trust Fund Authority, RB

    

Series A, 5.50%, 06/15/21(c)

     3,630       3,701,910  

Series AA, 5.00%, 06/15/44

     3,875       4,285,597  

Series AA, 5.00%, 06/15/50

     1,255       1,560,354  

Series BB, 4.00%, 06/15/50

     3,150       3,520,220  

Series BB, 5.00%, 06/15/50

       10,800         12,944,664  

New Jersey Transportation Trust Fund Authority, RB, CAB

    

Series B, 5.25%, 06/15/36

     4,990       5,081,467  

Series C, (AMBAC), 0.00%, 12/15/35(d)

     7,395       5,292,380  

New Jersey Turnpike Authority, RB

    

Series A, 5.00%, 07/01/22(c)

     685       728,080  

Series A, 4.00%, 01/01/42(b)

     1,530       1,839,106  

Series E, 5.00%, 01/01/45

     5,425       6,293,108  

State of New Jersey, GO

    

Series A, 4.00%, 06/01/31

     1,180       1,483,921  

Series A, 3.00%, 06/01/32

     2,715       3,134,793  

Tobacco Settlement Financing Corp., Refunding RB

    

Series A, 5.25%, 06/01/46

     5,120       6,268,262  

Sub-Series B, 5.00%, 06/01/46

     14,860       17,689,195  
   

 

 

  
      108,531,480  
New York — 12.5%            

City of New York, GO, Series C, 5.00%, 08/01/42

     2,330       3,020,402  

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

     4,070       4,106,833  

Metropolitan Transportation Authority, RB

    

Series B, 5.25%, 11/15/38

     4,960       5,582,976  

Series B, 5.25%, 11/15/39

     1,765       1,986,649  

Metropolitan Transportation Authority, Refunding RB

    

Series C-1, 4.75%, 11/15/45

     3,335       4,033,949  

Series C-1, 5.00%, 11/15/50

     1,085       1,333,780  

Series C-1, 5.25%, 11/15/55

     1,605       2,004,517  

Monroe County Industrial Development Corp., Refunding RB

    

4.00%, 12/01/46

     1,090       1,233,106  

Series A, 4.00%, 07/01/50

     2,240       2,642,013  
 

 

S C H E D U L E   O F   I N V E S T M E N T S   3

Schedule of Investments (unaudited) (continued)

January 31, 2021

   

BlackRock MuniYield Fund, Inc. (MYD)

(Percentages shown are based on Net Assets)

 

Security   Par
(000)		     Value  

New York (continued)

    

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

   $ 2,220     $ 2,300,275  

New York City Transitional Finance Authority Future Tax Secured Revenue, RB

    

Series C, 4.00%, 05/01/45

     2,275       2,714,211  

Sub-Series C-1, 4.00%, 05/01/40

     905       1,094,290  

Sub-Series E-1, 5.00%, 02/01/42

     4,235       4,435,654  

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

     3,600       3,658,176  

New York Liberty Development Corp., Refunding RB(a)

    

Series 1, Class 1, 5.00%, 11/15/44

     8,145       8,838,954  

Series 2, Class 2, 5.15%, 11/15/34

     705       773,336  

Series 2, Class 2, 5.38%, 11/15/40

     1,760       1,936,352  

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

     3,750       4,712,212  

New York State Urban Development Corp., RB

    

Series A, 4.00%, 03/15/49

       16,590       19,585,490  

Series A, 3.00%, 03/15/50

     2,695       2,896,748  

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

     1,525       1,731,363  

New York Transportation Development Corp., RB

    

AMT, 5.00%, 10/01/35

     750       931,988  

AMT, 5.00%, 10/01/40

     2,120       2,616,207  

Port Authority of New York & New Jersey Refunding RB, AMT, 4.00%, 07/15/61(b)

     2,315       2,669,589  

Triborough Bridge & Tunnel Authority, RB

    

Series A, 4.00%, 11/15/54

     555       655,022  

Series A, 5.00%, 11/15/54

     1,770       2,271,352  

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

     431       475,397  
   

 

 

  
        90,240,841  
North Carolina — 0.8%            

North Carolina Medical Care Commission, RB

    

Series A, 4.00%, 10/01/40

     240       266,421  

Series A, 5.00%, 10/01/40

     360       429,102  

Series A, 4.00%, 10/01/45

     220       243,811  

Series A, 5.00%, 10/01/45

     640       759,949  

Series A, 4.00%, 10/01/50

     270       299,238  

Series A, 5.00%, 10/01/50

     720       854,993  

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

     1,210       1,217,357  

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

     1,130       1,796,915  
   

 

 

  
      5,867,786  
North Dakota — 0.3%            

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

     2,000       2,430,920  
   

 

 

  
Ohio — 4.1%            

Buckeye Tobacco Settlement Financing Authority, Refunding RB

    

Series A-2, Class 1, 4.00%, 06/01/37

     610       737,826  

Series A-2, Class 1, 4.00%, 06/01/38

     610       736,520  

Series A-2, Class 1, 4.00%, 06/01/39

     610       734,214  

Series A-2, Class 1, 4.00%, 06/01/48

     1,605       1,861,238  

Series B-2, Class 2, 5.00%, 06/01/55

     7,035       8,200,207  

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

     4,160       4,496,170  
Security   Par
(000)		     Value  

Ohio (continued)

    

County of Franklin Ohio, RB

    

Series 2017, 5.00%, 12/01/46

   $ 840     $ 1,024,296  

Series A, 6.13%, 07/01/22(c)

     80       86,822  

Series A, 6.13%, 07/01/40

     1,300       1,387,282  

Series A, 4.00%, 12/01/49

     1,060       1,247,281  

County of Hamilton Ohio, Refunding RB

    

4.00%, 08/15/50

     1,245       1,454,969  

Series A, 3.75%, 08/15/50

     2,190       2,476,386  

County of Montgomery Ohio, Refunding RB, 3.00%, 08/01/51(b)

     1,270       1,349,248  

Ohio Air Quality Development Authority, RB, AMT,

    

5.00%, 07/01/49(a)

     1,545       1,731,142  

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

       1,685       1,883,291  
   

 

 

  
        29,406,892  
Oklahoma — 1.7%            

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

     2,460       2,927,277  

Oklahoma Turnpike Authority, RB

    

Series A, 4.00%, 01/01/48

     4,320       4,924,066  

Series C, 4.00%, 01/01/42

     4,115       4,747,681  
   

 

 

  
      12,599,024  
Oregon — 0.7%            

Port of Portland Oregon Airport Revenue, Refunding ARB, Series 27-A, AMT, 5.00%, 07/01/45

     3,755       4,726,005  
   

 

 

  
Pennsylvania — 3.9%            

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

     5,250       5,449,237  

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

     1,325       1,376,688  

Montgomery County Higher Education and Health Authority, Refunding RB

    

Series A, 5.00%, 09/01/43

     2,610       3,130,277  

Series A, 4.00%, 09/01/49

     1,185       1,308,963  

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

     1,765       2,031,339  

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

     3,210       3,411,299  

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

     4,875       5,662,654  

Pennsylvania Turnpike Commission RB, 4.00%, 12/01/50

     2,865       3,352,480  

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

     2,305       2,692,033  
   

 

 

  
      28,414,970  
Puerto Rico — 5.7%            

Children’s Trust Fund, Refunding RB

    

5.50%, 05/15/39

     1,430       1,467,423  

5.63%, 05/15/43

     1,430       1,447,375  

Puerto Rico Commonwealth Aqueduct & Sewer Authority, RB

    

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

     5,165       5,443,548  

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

     1,470       1,555,304  

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

    

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

     3,817       4,271,948  

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

     14,706       16,701,016  

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

     6,236       6,988,436  
 

 

4  

Schedule of Investments (unaudited) (continued)

January 31, 2021

   

BlackRock MuniYield Fund, Inc. (MYD)

(Percentages shown are based on Net Assets)

 

Security   Par
(000)		     Value  

Puerto Rico (continued)

    

Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue, RB, CAB(d)

    

Series A-1, Restructured, 0.00%, 07/01/46

   $ 8,495     $ 2,686,544  

Series A-1, Restructured, 0.00%, 07/01/51

     1,547       351,494  
   

 

 

  
      40,913,088  
Rhode Island — 2.8%            

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

     4,155       623,250  

Tobacco Settlement Financing Corp., Refunding RB

    

Series B, 4.50%, 06/01/45

     8,215       8,730,245  

Series B, 5.00%, 06/01/50

     9,875       10,677,047  
   

 

 

  
      20,030,542  
South Carolina — 3.9%            

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

     6,455       7,636,523  

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

     8,090       9,395,807  

South Carolina Public Service Authority, Refunding RB

    

Series A, 5.00%, 12/01/50

     5,000       5,835,950  

Series E, 5.25%, 12/01/55

       4,550       5,463,595  
   

 

 

  
        28,331,875  
Tennessee — 1.0%            

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

     2,855       3,132,477  

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

     330       375,735  

Metropolitan Government Nashville & Davidson County Health & Educational Facilities Board, RB

    

Series A, 5.00%, 07/01/40

     1,440       1,684,353  

Series A, 5.25%, 10/01/58

     2,025       2,370,526  
   

 

 

  
      7,563,091  
Texas — 5.9%            

Central Texas Regional Mobility Authority, RB, Series E, Senior Lien, 4.00%, 01/01/50

     4,525       5,222,348  

Central Texas Regional Mobility Authority, Refunding RB, Sub Lien, 5.00%, 01/01/23(c)

     725       792,164  

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

     3,600       3,898,944  

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

     1,765       1,863,205  

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

     2,440       3,089,528  

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

     1,525       1,697,783  

Harris County Cultural Education Facilities Finance Corp., RB

    

Series B, 7.00%, 01/01/23(c)

     485       548,069  

Series B, 6.38%, 01/01/33

     460       501,690  

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

     4,110       2,256,061  

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

     1,910       2,226,124  
Security   Par
(000)		     Value  

Texas (continued)

    

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

   $ 2,695     $ 3,400,659  

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

     9,585       11,903,036  

Texas Municipal Gas Acquisition & Supply Corp. III Refunding RB(b)

    

5.00%, 12/15/30

     995       1,328,056  

5.00%, 12/15/32

     895       1,229,641  

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

     2,435       2,865,873  
   

 

 

  
        42,823,181  
Utah — 1.0%            

County of Utah UT, RB

    

Series A, 4.00%, 05/15/43

     450       540,572  

Series A, 3.00%, 05/15/50

     2,065       2,218,016  

Salt Lake City Corp. Airport Revenue, ARB

    

Series A, AMT, 5.00%, 07/01/47

     1,920       2,276,678  

Series A, AMT, 5.00%, 07/01/48

       1,845       2,211,565  
   

 

 

  
      7,246,831  
Vermont — 1.2%            

Vermont Educational & Health Buildings Financing Agency, Refunding RB

    

5.00%, 11/01/49

     3,640       4,585,344  

4.00%, 11/01/50

     3,275       3,822,875  
   

 

 

  
      8,408,219  
Virginia — 1.1%            

Virginia Small Business Financing Authority, RB

    

AMT, Senior Lien, 5.25%, 01/01/32

     3,270       3,488,469  

AMT, Senior Lien, 6.00%, 01/01/37

     3,900       4,198,194  
   

 

 

  
      7,686,663  
Washington — 1.6%            

Port of Seattle Washington, ARB

    

Series A, AMT, 5.00%, 05/01/43

     3,120       3,714,828  

Series C, AMT, 5.00%, 04/01/40

     1,565       1,799,296  

Washington Health Care Facilities Authority, RB, Series A, 5.75%, 01/01/23(c)

     4,745       5,253,664  

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

     715       809,051  
   

 

 

  
      11,576,839  
Wisconsin — 0.3%            

Public Finance Authority, RB

    

Series A, 5.00%, 07/15/39(a)

     190       203,699  

Series A, 5.00%, 07/15/49(a)

     720       757,512  

Series A, 5.00%, 07/15/54(a)

     345       361,339  

Series B, 5.00%, 06/01/49

     930       1,031,417  
   

 

 

  
      2,353,967  
   

 

 

  

Total Municipal Bonds — 118.7%
(Cost: $764,364,665)

       859,657,495  
   

 

 

  
 

 

S C H E D U L E   O F   I N V E S T M E N T S   5

Schedule of Investments (unaudited) (continued)

January 31, 2021

   

BlackRock MuniYield Fund, Inc. (MYD)

(Percentages shown are based on Net Assets)

 

Security   Par
(000)		     Value  

Municipal Bonds Transferred to Tender Option Bond Trusts(i)

 

California — 2.1%

    

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

   $ 6,496     $ 7,557,846  

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

     6,494       7,910,572  
   

 

 

  
      15,468,418  
Colorado — 2.0%            

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

     4,775       5,824,987  

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

     7,820       8,760,120  
   

 

 

  
      14,585,107  
District of Columbia — 2.2%            

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

     10,265       11,654,262  

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

     3,779       4,344,571  
   

 

 

  
      15,998,833  
Georgia — 1.5%            

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

     6,660       7,630,961  

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

     3,037       3,338,907  
   

 

 

  
        10,969,868  
Illinois — 0.5%            

Illinois Finance Authority, Refunding RB

    

Series C, 4.00%, 02/15/27(c)

     6       6,539  

Series C, 4.00%, 02/15/41

       2,994       3,380,515  
   

 

 

  
      3,387,054  
Massachusetts — 1.3%            

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

     4,333       4,810,184  

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

     4,607       4,765,176  
   

 

 

  
      9,575,360  
New York — 11.7%            

Hudson Yards Infrastructure Corp., RB(j)

    

5.75%, 02/15/21

     755       757,580  

5.75%, 02/15/47

     465       466,040  

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

     21,629       22,565,728  

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

     13,081       13,609,563  

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

     2,760       3,257,269  
Security   Par
(000)		     Value  

New York (continued)

    

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

   $ 12,580     $ 14,733,822  

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

     6,065       7,016,906  

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

       13,980       16,062,181  

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

     5,400       6,449,490  
   

 

 

  
        84,918,579  
North Carolina — 0.9%            

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

     5,290       6,426,504  
   

 

 

  
Pennsylvania — 0.9%            

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

     4,877       6,077,572  
   

 

 

  
Rhode Island — 0.5%            

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

     3,272       3,473,547  
   

 

 

  
Texas — 6.6%            

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

     6,243       6,692,225  

City of San Antonio Texas Electric & Gas Systems Revenue, RB, Junior Lien, 5.00%, 02/01/23(c)

     5,060       5,548,847  

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

     4,335       4,527,691  

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

     6,920       7,172,372  

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

     5,700       5,993,151  

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

       14,560         17,533,152  
   

 

 

  
      47,467,438  
Virginia — 2.3%            

Hampton Roads Transportation Accountability Commission, RB, Series A, Senior Lien, 4.00%, 07/01/60(j)

     4,496       5,326,979  

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

     10,097       11,614,687  
   

 

 

  
      16,941,666  
 

 

6  

Schedule of Investments (unaudited) (continued)

January 31, 2021

   

BlackRock MuniYield Fund, Inc. (MYD)

(Percentages shown are based on Net Assets)

 

Security  

Par

(000)

     Value  

 

  

Wisconsin — 1.9%

    

Wisconsin Health & Educational Facilities Authority, Refunding RB

    

4.00%, 12/01/46

   $ 5,950     $ 6,630,188  

4.00%, 12/15/49(j)

     6,200       7,244,266  
   

 

 

  
      13,874,454  
   

 

 

  

Total Municipal Bonds Transferred to Tender Option Bond Trusts — 34.4%
(Cost: $230,302,967)

 

     249,164,400  
   

 

 

  

Total Long-Term Investments — 153.1%
(Cost: $994,667,632)

 

     1,108,821,895  
   

 

 

  
    Shares        

 

  

Short-Term Securities

    

Money Market Funds — 3.5%

    

BlackRock Liquidity Funds, MuniCash, Institutional Class, 0.01%(k)(l)

     25,237,286       25,242,334  
   

 

 

  

Total Short-Term Securities — 3.5%
(Cost: $25,242,334)

 

     25,242,334  
   

 

 

  

Total Investments — 156.6%
(Cost: $1,019,909,966)

 

     1,134,064,229  

Liabilities in Excess of Other Assets — (1.8)%

 

     (13,241,546 ) 

Liability for TOB Trust Certificates, Including Interest Expense and Fees Payable — (20.1)%

 

     (145,374,665 ) 

VRDP Shares at Liquidation Value, Net of Deferred Offering Costs — (34.7)%

 

     (251,076,131 ) 
   

 

 

  

Net Assets Applicable to Common
Shares — 100.0%

 

   $ 724,371,887  
   

 

 

  

 

 

(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) 

When-issued security.

(c)

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.

(d)

Zero-coupon bond.

(e)

Issuer filed for bankruptcy and/or is in default.

(f)

Non-income producing security.

(g)

Variable rate security. Interest rate resets periodically. The rate shown is the effective interest rate as of period end. Security description also includes the reference rate and spread if published and available.

(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 May 15, 2021 to February 15, 2047, is $22,205,586.

(k)

Affiliate of the Fund.

(l)

Annualized 7-day yield as of period end.

 

Affiliates

Investments in issuers considered to be affiliate(s) of the Fund during the period ended January 31, 2021 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

 

Affiliated Issuer   

Value at

04/30/20

     

Purchases

at Cost

     

Proceeds

from Sales

     

Net

Realized

Gain (Loss)

     

Change in

Unrealized

Appreciation

(Depreciation)

     

Value at

01/31/21

     

Shares

Held at

01/31/21

      Income     

Capital Gain

Distributions

from

Underlying

Funds

  

BlackRock Liquidity Funds, MuniCash, Institutional Class

    $  20,527,420      $  4,713,091 (a)     $ —      $ 9,202      $ (7,379 )     $   25,242,334        25,237,286      $ 1,295      $ —  
           

 

 

     

 

 

     

 

 

        

 

 

     

 

 

  

 

  (a)

Represents net amount purchased (sold).

 

Fair Value Hierarchy as of Period End

Various inputs are used in determining the fair value of 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); and

 

  •  

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 financial instruments).

 

S C H E D U L E   O F   I N V E S T M E N T S   7

Schedule of Investments (unaudited) (continued)

January 31, 2021

    BlackRock MuniYield Fund, Inc. (MYD)

 

Fair Value Hierarchy as of Period End (continued)

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 financial instruments is based on the pricing transparency of the financial instruments and is not necessarily an indication of the risks associated with investing in those securities. For information about the Fund’s policy regarding valuation of financial instruments, refer to its most recent financial statements.

The following table summarizes the Fund’s 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

    $ —      $ 859,657,495      $ —      $ 859,657,495  

Municipal Bonds Transferred to Tender Option Bond Trusts

      —        249,164,400        —        249,164,400  

Short-Term Securities

            

Money Market Funds

      25,242,334        —        —        25,242,334  
  

 

 

     

 

 

     

 

 

     

 

 

  
   $   25,242,334      $  1,108,821,895      $             —      $  1,134,064,229  
  

 

 

     

 

 

     

 

 

     

 

 

  

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

    $ —      $ (145,316,053 )     $ —      $ (145,316,053 ) 

VRDP Shares at Liquidation Value

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

 

 

     

 

 

     

 

 

     

 

 

  
   $              —      $   (396,716,053 )     $             —      $   (396,716,053 ) 
  

 

 

     

 

 

     

 

 

     

 

 

  

 

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
SAW    State Aid Withholding
TA    Tax Allocation

 

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