-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, EZXPNnygds/js/nQXt+QPC1eeLyFDHmBM88UpnolU5SxOvj8xT5is9jEnfAOxMWv CJS9bZHH0OkxkJKuY5IwcQ== 0001193805-05-000643.txt : 20050330 0001193805-05-000643.hdr.sgml : 20050330 20050330124919 ACCESSION NUMBER: 0001193805-05-000643 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20050131 FILED AS OF DATE: 20050330 DATE AS OF CHANGE: 20050330 EFFECTIVENESS DATE: 20050330 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MUNIYIELD NEW YORK INSURED FUND INC CENTRAL INDEX KEY: 0000882150 IRS NUMBER: 223144223 STATE OF INCORPORATION: NJ FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: N-Q SEC ACT: 1940 Act SEC FILE NUMBER: 811-06500 FILM NUMBER: 05712828 BUSINESS ADDRESS: STREET 1: 800 SCUDDERS MILL RD CITY: PLAINSBORO STATE: NJ ZIP: 08536 BUSINESS PHONE: 6092822800 MAIL ADDRESS: STREET 1: PO BOX 9011 STREET 2: C/O MERRILL LYNCH ASSET MANAGEMENT CITY: PRINCETON STATE: NJ ZIP: 08543-9011 FORMER COMPANY: FORMER CONFORMED NAME: NEW YORK MUNIYIELD FUND INC DATE OF NAME CHANGE: 19600201 N-Q 1 e500278_nq-muninyinst.txt QUARTERLY REPORT UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY Investment Company Act file number 811-6500 Name of Fund: MuniYield New York Insured Fund, Inc. Fund Address: P.O. Box 9011 Princeton, NJ 08543-9011 Name and address of agent for service: Robert C. Doll, Jr., President, MuniYield New York Insured Fund, Inc., 800 Scudders Mill Road, Plainsboro, NJ 08536. Mailing address: P.O. Box 9011, Princeton, NJ 08543-9011 Registrant's telephone number, including area code: (609) 282-2800 Date of fiscal year end: 10/31/05 Date of reporting period: 11/01/04 - 1/31/05 Item 1 - Schedule of Investments MuniYield New York Insured Fund, Inc. Schedule of Investments as of January 31, 2005 (in Thousands)
- ----------------------------------------------------------------------------------------------------------------------------------- Face Amount Municipal Bonds Value - ----------------------------------------------------------------------------------------------------------------------------------- New York - 132.7% - ----------------------------------------------------------------------------------------------------------------------------------- $23,790 Albany County, New York, Airport Authority, Airport Revenue Bonds, AMT, 6% due 12/15/2023 (c) $ 26,141 ---------------------------------------------------------------------------------------------------------- 8,200 Buffalo and Fort Erie, New York, Public Bridge Authority, Toll Bridge System Revenue Bonds, 5.75% due 1/01/2025 (d) 8,301 ---------------------------------------------------------------------------------------------------------- Buffalo, New York, School, GO, Series D (b): 1,250 5.50% due 12/15/2014 1,416 1,500 5.50% due 12/15/2016 1,705 ---------------------------------------------------------------------------------------------------------- 4,300 Buffalo, New York, Sewer Authority, Revenue Refunding Bonds, Series F, 6% due 7/01/2013 (b) 5,112 ---------------------------------------------------------------------------------------------------------- 1,700 Dutchess County, New York, Resource Recovery Agency Revenue Bonds (Solid Waste System-Forward), Series A, 5.40% due 1/01/2013 (d) 1,905 ---------------------------------------------------------------------------------------------------------- Erie County, New York, IDA, School Facility Revenue Bonds (City of Buffalo Project) (c): 1,900 5.75% due 5/01/2020 2,178 5,250 5.75% due 5/01/2024 5,874 ---------------------------------------------------------------------------------------------------------- Huntington, New York, GO, Refunding (a): 485 5.50% due 4/15/2011 549 460 5.50% due 4/15/2012 528 455 5.50% due 4/15/2013 523 450 5.50% due 4/15/2014 520 450 5.50% due 4/15/2015 523 ---------------------------------------------------------------------------------------------------------- 1,675 Ilion, New York, Central School District, GO, Series B, 5.50% due 6/15/2010 (b)(e) 1,899 ---------------------------------------------------------------------------------------------------------- Long Island Power Authority, New York, Electric System Revenue Bonds, Series A (a): 7,000 5% due 9/01/2029 7,342 5,000 5% due 9/01/2034 5,228 ---------------------------------------------------------------------------------------------------------- 2,000 Metropolitan Transportation Authority, New York, Commuter Facilities Revenue Bonds, Series A, 5.75% due 1/01/2008 (d)(e) 2,207 ---------------------------------------------------------------------------------------------------------- 10,000 Metropolitan Transportation Authority, New York, Commuter Facilities, Revenue Refunding Bonds, Series B, 4.875% due 7/01/2018 (b)(h) 10,599 ---------------------------------------------------------------------------------------------------------- Metropolitan Transportation Authority, New York, Dedicated Tax Fund Revenue Bonds, Series A: 7,280 5% due 11/15/2031 (b) 7,546 1,015 5% due 11/15/2032 (c) 1,056 ----------------------------------------------------------------------------------------------------------
Portfolio Abbreviations To simplify the listings of MuniYield New York Insured Fund, Inc.'s portfolio holdings in the Schedule of Investments, we have abbreviated the names of many of the securities according to the list below. AMT Alternative Minimum Tax (subject to) COP Certificates of Participation DRIVERS Derivative Inverse Tax-Exempt Receipts GO General Obligation Bonds HFA Housing Finance Agency IDA Industrial Development Authority IDR Industrial Development Revenue Bonds RIB Residual Interest Bonds VRDN Variable Rate Demand Notes MuniYield New York Insured Fund, Inc. Schedule of Investments as of January 31, 2005 (continued) (in Thousands)
- ----------------------------------------------------------------------------------------------------------------------------------- Face Amount Municipal Bonds Value - ----------------------------------------------------------------------------------------------------------------------------------- New York (continued) - ----------------------------------------------------------------------------------------------------------------------------------- Metropolitan Transportation Authority, New York, Dedicated Tax Fund, Revenue Refunding Bonds, Series A: $ 7,500 5.50% due 11/15/2026 (c) $ 8,467 10,000 5% due 11/15/2030 (d) 10,418 ---------------------------------------------------------------------------------------------------------- Metropolitan Transportation Authority, New York, Revenue Refunding Bonds: 28,900 RIB, Series 724X, 9.41% due 11/15/2032 (c)(f) 37,861 2,500 Series A, 5.50% due 11/15/2018 (a) 2,833 1,740 Series A, 5.125% due 11/15/2022 (b) 1,897 2,500 Series A, 5.25% due 11/15/2031 (b) 2,684 1,500 Series B, 5% due 11/15/2028 (d) 1,576 ---------------------------------------------------------------------------------------------------------- 2,000 Metropolitan Transportation Authority, New York, Service Contract Revenue Refunding Bonds, Series A, 5% due 7/01/2025 (b) 2,133 ---------------------------------------------------------------------------------------------------------- Metropolitan Transportation Authority, New York, Transit Facilities Revenue Refunding Bonds, Series C (c)(e): 2,885 5.125% due 1/01/2012 3,220 1,640 5.125% due 7/01/2012 1,838 ---------------------------------------------------------------------------------------------------------- 2,500 Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Series A, 5% due 11/15/2032 (b) 2,612 ---------------------------------------------------------------------------------------------------------- Metropolitan Transportation Authority, New York, Transportation Revenue Refunding Bonds, Series F (d): 6,235 5.25% due 11/15/2027 6,784 5,000 5% due 11/15/2031 5,206 ---------------------------------------------------------------------------------------------------------- Monroe County, New York, IDA, Revenue Bonds (Southview Towers Project), AMT: 1,400 6.125% due 2/01/2020 1,549 1,125 6.25% due 2/01/2031 1,238 ---------------------------------------------------------------------------------------------------------- 1,410 Montgomery County, New York, IDA, Lease Revenue Bonds (Hamilton Fulton Montgomery Board of Cooperative Educational Services Project), Series A, 5% due 7/01/2034 (l) 1,468 ---------------------------------------------------------------------------------------------------------- 12,130 Nassau Health Care Corporation, New York, Health System Revenue Bonds, 5.75% due 8/01/2009 (c)(e)(m) 13,858 ---------------------------------------------------------------------------------------------------------- 455 New York City, New York, City Health and Hospital Corporation, Health System Revenue Bonds, Series A, 5.375% due 2/15/2026 475 ---------------------------------------------------------------------------------------------------------- 3,000 New York City, New York, City Health and Hospital Corporation, Health System Revenue Refunding Bonds, Series A, 5.25% due 2/15/2012 (a) 3,344 ---------------------------------------------------------------------------------------------------------- 1,275 New York City, New York, City IDA, Civic Facility Revenue Refunding Bonds (Nightingale-Bamford School), 5.25% due 1/15/2018 (a) 1,413 ---------------------------------------------------------------------------------------------------------- 13,175 New York City, New York, City IDA, IDR (Japan Airlines Company), AMT, 6% due 11/01/2015 (c) 13,741 ---------------------------------------------------------------------------------------------------------- 7,970 New York City, New York, City IDA, Parking Facility Revenue Bonds (Royal Charter-New York Presbyterian), 5.75% due 12/15/2029 (c) 9,202 ---------------------------------------------------------------------------------------------------------- 14,970 New York City, New York, City IDA, Special Facilities Revenue Bonds (Terminal One Group), AMT, 6.125% due 1/01/2024 (d) 15,186 ----------------------------------------------------------------------------------------------------------
MuniYield New York Insured Fund, Inc. Schedule of Investments as of January 31, 2005 (continued) (in Thousands)
- ----------------------------------------------------------------------------------------------------------------------------------- Face Amount Municipal Bonds Value - ----------------------------------------------------------------------------------------------------------------------------------- New York (continued) - ----------------------------------------------------------------------------------------------------------------------------------- $ 500 New York City, New York, City Municipal Water Finance Authority, Water and Sewer System Crossover, Revenue Refunding Bonds, Series F, 5% due 6/15/2029 (c) $ 518 ---------------------------------------------------------------------------------------------------------- New York City, New York, City Municipal Water Finance Authority, Water and Sewer System Revenue Bonds: 12,500 RIB, Series 726X, 9.41% due 6/15/2027 (d)(f) 15,978 2,850 Series A, 5.75% due 6/15/2031 (b) 3,167 4,085 Series B, 5.75% due 6/15/2006 (d)(e) 4,314 17,200 Series B, 5.75% due 6/15/2007 (d)(e) 18,681 3,500 VRDN, Series C, 1.90% due 6/15/2022 (b)(g) 3,500 ---------------------------------------------------------------------------------------------------------- New York City, New York, City Municipal Water Finance Authority, Water and Sewer System Revenue Refunding Bonds: 5,000 5.50% due 6/15/2033 (d) 5,501 2,250 Series A, 5.375% due 6/15/2026 (c) 2,345 1,250 Series A, 5.125% due 6/15/2034 (d) 1,309 7,015 Series B, 5.75% due 6/15/2026 (d) 7,407 3,500 VRDN, Series A, 1.82% due 6/15/2025 (b)(g) 3,500 4,500 VRDN, Series G, 1.82% due 6/15/2024 (b)(g) 4,500 ---------------------------------------------------------------------------------------------------------- 1,020 New York City, New York, City Transit Authority, Metropolitan Transportation Authority, Tribourough, COP, Series A, 5.625% due 1/01/2012 (a) 1,148 ---------------------------------------------------------------------------------------------------------- New York City, New York, City Transitional Finance Authority Revenue Bonds, Future Tax Secured: 6,805 Series B, 6.25% due 5/15/2010 (b)(e) 7,959 800 Series B, 6.25% due 5/15/2010 (e) 936 3,160 Series C, 5.50% due 5/01/2025 3,446 16,195 Series C, 5% due 2/01/2033 (b) 16,911 8,020 Series E, 5.25% due 2/01/2017 (b) 8,920 2,500 Series E, 5.25% due 2/01/2022 (d) 2,762 ---------------------------------------------------------------------------------------------------------- New York City, New York, City Transitional Finance Authority, Revenue Refunding Bonds: 3,000 Future Tax Secured, Series D, 5.25% due 2/01/2021 (d) 3,309 1,000 Series A, 5% due 11/15/2026 (b) 1,053 ---------------------------------------------------------------------------------------------------------- New York City, New York, GO: 11,043 RIB, Series 725X, 9.41% due 3/15/2027 (c)(f) 14,210 3,000 Series A, 5.75% due 5/15/2024 (b) 3,380 2,500 Series B, 5.75% due 8/01/2013 (d) 2,845 3,750 Series D, 5.25% due 10/15/2023 4,029 5,450 Series D, 5% due 11/01/2034 5,624 8,000 Series J, 5% due 5/15/2023 8,443 2,295 Sub-Series C-1, 4.75% due 8/15/2025 2,337 1,150 Sub-Series C-1, 5.25% due 8/15/2026 1,237 ----------------------------------------------------------------------------------------------------------
MuniYield New York Insured Fund, Inc. Schedule of Investments as of January 31, 2005 (continued) (in Thousands)
- ----------------------------------------------------------------------------------------------------------------------------------- Face Amount Municipal Bonds Value - ----------------------------------------------------------------------------------------------------------------------------------- New York (continued) - ----------------------------------------------------------------------------------------------------------------------------------- New York City, New York, GO, Refunding: $ 895 Series A, 6.375% due 5/15/2010 (b)(e) $ 1,052 105 Series A, 6.375% due 5/15/2013 (b)(e) 122 70 Series B, 7% due 2/01/2018 (a) 70 2,285 Series G, 5.75% due 2/01/2006 (e) 2,398 1,365 Series G, 5.75% due 2/01/2020 1,425 3,000 Series G, 5% due 12/01/2020 3,202 2,300 Series G, 5% due 12/01/2033 2,374 ---------------------------------------------------------------------------------------------------------- New York City, New York, Sales Tax Asset Receivable Corporation Revenue Bonds, Series A (a): 13,000 5.25% due 10/15/2027 14,197 15,550 5% due 10/15/2032 16,367 750 4.50% due 10/15/2033 751 ---------------------------------------------------------------------------------------------------------- New York City, New York, Trust for Cultural Resources Revenue Refunding Bonds (American Museum of Natural History), Series A (d): 4,250 5% due 7/01/2036 4,465 6,250 5% due 7/01/2044 6,471 ---------------------------------------------------------------------------------------------------------- 2,345 New York State Dormitory Authority, Hospital Revenue Refunding Bonds (The New York-Presbyterian Hospital), Series A, 5.25% due 8/15/2019 (c) 2,607 ---------------------------------------------------------------------------------------------------------- 1,230 New York State Dormitory Authority, Mental Health Facilities Revenue Bonds, Series B, 5.25% due 2/15/2017 (d) 1,375 ---------------------------------------------------------------------------------------------------------- New York State Dormitory Authority Revenue Bonds, Series A: 3,935 (Eger Health Care and Rehabilitation Center), 6.10% due 8/01/2037 (i) 4,494 1,500 (Long Island University), Series B, 5.25% due 9/01/2028 (k) 1,589 1,840 (Mental Health Services Facilities Improvement), Series B, 5.25% due 2/15/2023 1,998 2,000 (New School for Social Research), 5.75% due 7/01/2026 (d) 2,178 1,180 (New York State Rehabilitation Association), Series A, 5.25% due 7/01/2019 (j) 1,296 1,000 (New York State Rehabilitation Association), Series A, 5.125% due 7/01/2023 (j) 1,073 6,900 (School Districts Financing Program), Series E, 5.75% due 10/01/2030 (d) 7,951 1,000 Series B, 6.50% due 2/15/2011 (d)(h) 1,187 3,560 (State University Adult Facilities), Series B, 5.75% due 5/15/2010 (c)(e) 4,077 710 (Upstate Community Colleges), Series A, 6% due 7/01/2015 (c) 819 1,070 (Upstate Community Colleges), Series A, 6% due 7/01/2016 (c) 1,234 ---------------------------------------------------------------------------------------------------------- New York State Dormitory Authority, Revenue Refunding Bonds: 1,000 (City University System), Consolidated, Series 1, 5.625% due 1/01/2008 (c)(e) 1,105 4,400 (City University System), Series C, 7.50% due 7/01/2010 (b) 5,001 4,255 (Mental Health Services Facilities Improvement), Series A, 5.75% due 2/15/2007 (d)(e) 4,621 150 (Mental Health Services Facilities Improvement), Series A, 5.75% due 2/15/2027 (d) 162 1,370 (School District Financing Program), Series I, 5.75% due 10/01/2018 (d) 1,581 6,000 (Siena College), 5.75% due 7/01/2026 (d) 6,535 ----------------------------------------------------------------------------------------------------------
MuniYield New York Insured Fund, Inc. Schedule of Investments as of January 31, 2005 (continued) (in Thousands)
- ----------------------------------------------------------------------------------------------------------------------------------- Face Amount Municipal Bonds Value - ----------------------------------------------------------------------------------------------------------------------------------- New York (continued) - ----------------------------------------------------------------------------------------------------------------------------------- New York State Dormitory Authority, State Personal Income Tax Education Revenue Bonds, Series A (d): $ 1,600 5% due 3/15/2032 $ 1,667 1,500 4.50% due 3/15/2034 1,500 ---------------------------------------------------------------------------------------------------------- 12,750 New York State Energy Research and Development Authority, Facilities Revenue Refunding Bonds (Consolidated Edison Co. of New York), Series A, 6.10% due 8/15/2020 (a) 13,205 ---------------------------------------------------------------------------------------------------------- 4,555 New York State Energy Research and Development Authority, Gas Facilities Revenue Bonds (Brooklyn Union Gas Company), AMT, Series B, 6.75% due 2/01/2024 (d) 4,615 ---------------------------------------------------------------------------------------------------------- 3,500 New York State Environmental Facilities Corporation, Special Obligation Revenue Refunding Bonds (Riverbank State Park), 6.25% due 4/01/2012 (a) 4,150 ---------------------------------------------------------------------------------------------------------- 2,405 New York State, HFA, Revenue Refunding Bonds (Housing Mortgage Project), Series A, 6.10% due 11/01/2015 (c) 2,523 ---------------------------------------------------------------------------------------------------------- 800 New York State Housing Finance Agency, State Personal Income Tax Revenue Bonds (Economic Development and Housing), Series A, 5% due 9/15/2023 (d) 857 ---------------------------------------------------------------------------------------------------------- 5,375 New York State Medical Care Facilities Finance Agency Revenue Bonds (Health Center Project-Second Mortgage), Series A, 6.375% due 11/15/2019 (a) 5,642 ---------------------------------------------------------------------------------------------------------- 2,000 New York State Medical Care Facilities Finance Agency, Revenue Refunding Bonds (Hospital & Nursing Homes), Series B, 6.25% due 2/15/2025 (i) 2,079 ---------------------------------------------------------------------------------------------------------- 9,590 New York State Mortgage Agency, Homeowner Mortgage Revenue Refunding Bonds, AMT, Series 67, 5.80% due 10/01/2028 (d) 9,949 ---------------------------------------------------------------------------------------------------------- 2,850 New York State Mortgage Agency Revenue Bonds, DRIVERS, AMT, Series 295, 9.595% due 4/01/2030 (d)(f) 3,211 ---------------------------------------------------------------------------------------------------------- New York State Municipal Bond Bank Agency, Special School Purpose Revenue Bonds, Series C: 3,470 5.25% due 6/01/2019 3,793 3,920 5.25% due 6/01/2020 4,276 2,250 5.25% due 6/01/2021 2,448 ---------------------------------------------------------------------------------------------------------- 2,820 New York State Thruway Authority, Highway and Bridge Trust Fund Revenue Bonds, Series A, 6.25% due 4/01/2011 (c) 3,274 ---------------------------------------------------------------------------------------------------------- 2,000 New York State Thruway Authority, Local Highway and Bridge Service Contract Revenue Bonds, Series A-2, 5.375% due 4/01/2008 (d)(e) 2,189 ---------------------------------------------------------------------------------------------------------- New York State Thruway Authority, Local Highway and Bridge Service Contract, Revenue Refunding Bonds (d): 2,170 6% due 4/01/2007 (e) 2,376 1,330 6% due 4/01/2011 1,453 2,075 6% due 4/01/2012 2,267 ---------------------------------------------------------------------------------------------------------- 3,045 New York State Thruway Authority, Second General Highway and Bridge Trust Fund Revenue Bonds, Series A, 5.25% due 4/01/2023 (d) 3,355 ---------------------------------------------------------------------------------------------------------- 3,000 New York State Thruway Authority, Service Contract Revenue Bonds (Local Highway and Bridges Project), 5.75% due 4/01/2010 (a)(e) 3,432 ---------------------------------------------------------------------------------------------------------- 1,525 New York State Thruway, Transportation Authority, State Personal Income Tax Revenue Bonds, Series A, 5% due 3/15/2020 (d) 1,652 ----------------------------------------------------------------------------------------------------------
MuniYield New York Insured Fund, Inc. Schedule of Investments as of January 31, 2005 (continued) (in Thousands)
- ----------------------------------------------------------------------------------------------------------------------------------- Face Amount Municipal Bonds Value - ----------------------------------------------------------------------------------------------------------------------------------- New York (continued) - ----------------------------------------------------------------------------------------------------------------------------------- $ 4,750 New York State Urban Development Corporation, Personal Income Tax Revenue Bonds, Series C-1, 5% due 3/15/2013 (d)(e) $ 5,293 ---------------------------------------------------------------------------------------------------------- 3,190 New York State Urban Development Corporation, Revenue Refunding Bonds (Correctional Capital Facilities), Series A, 6.50% due 1/01/2011 (c) 3,761 ---------------------------------------------------------------------------------------------------------- Niagara County, New York, IDA, Solid Waste Disposal Revenue Refunding Bonds, AMT: 8,000 Series A, 5.45% due 11/15/2026 8,687 2,000 Series C, 5.625% due 11/15/2024 2,152 ---------------------------------------------------------------------------------------------------------- 1,000 Niagara Falls, New York, GO (Water Treatment Plant), AMT, 7.25% due 11/01/2010 (d) 1,199 ---------------------------------------------------------------------------------------------------------- 1,100 Niagara Falls, New York, Public Water Authority, Water and Sewer System Revenue Bonds, Series A, 5.50% due 7/15/2026 (d) 1,143 ---------------------------------------------------------------------------------------------------------- 2,705 Niagara, New York, Frontier Authority, Airport Revenue Bonds (Buffalo Niagara International Airport), Series B, 5.50% due 4/01/2019 (d) 2,996 ---------------------------------------------------------------------------------------------------------- 1,260 North Country, New York, Development Authority, Solid Waste Management System Revenue Refunding Bonds, 6% due 5/15/2015 (c) 1,469 ---------------------------------------------------------------------------------------------------------- North Hempstead, New York, GO, Refunding, Series B (b): 1,745 6.40% due 4/01/2013 2,118 555 6.40% due 4/01/2017 695 ---------------------------------------------------------------------------------------------------------- 1,665 Oneida County, New York, IDA, Civic Facilities Revenue Bonds (Mohawk Valley), Series A, 5.20% due 2/01/2013 (c) 1,801 ---------------------------------------------------------------------------------------------------------- 2,500 Port Authority of New York and New Jersey, Consolidated Revenue Bonds, AMT, 137 Series, 5.125% due 7/15/2030 (c) 2,625 ---------------------------------------------------------------------------------------------------------- 4,000 Port Authority of New York and New Jersey, Consolidated Revenue Refunding Bonds, AMT, 119th Series, 5.50% due 9/15/2016 (b) 4,187 ---------------------------------------------------------------------------------------------------------- 4,075 Port Authority of New York and New Jersey, Revenue Bonds, Trust Receipts, AMT, Class R, Series 10, 9.603% due 1/15/2017 (c)(f) 4,582 ---------------------------------------------------------------------------------------------------------- 7,500 Port Authority of New York and New Jersey, Revenue Refunding Bonds, DRIVERS, AMT, Series 177, 9.84% due 10/15/2032 (d)(f) 8,811 ---------------------------------------------------------------------------------------------------------- Port Authority of New York and New Jersey, Special Obligation Revenue Bonds, AMT (d): 1,750 DRIVERS, Series 192, 9.35% due 12/01/2025 (f) 1,989 5,080 DRIVERS, Series 278, 9.339% due 12/01/2022 (f) 5,959 14,750 (JFK International Air Terminal), Series 6, 6.25% due 12/01/2010 16,731 7,175 (JFK International Air Terminal LLC), Series 6, 6.25% due 12/01/2011 8,218 4,425 (Special Project-JFK International Air Terminal), Series 6, 6.25% due 12/01/2013 5,133 7,380 (Special Project-JFK International Air Terminal), Series 6, 6.25% due 12/01/2014 8,622 ---------------------------------------------------------------------------------------------------------- 1,255 Rensselaer County, New York, IDA, Civic Facility Revenue Bonds (Polytech Institute), Series B, 5.50% due 8/01/2022 (a) 1,390 ---------------------------------------------------------------------------------------------------------- 4,625 Suffolk County, New York, IDA, IDR (Keyspan-Port Jefferson), 5.25% due 6/01/2027 4,784 ----------------------------------------------------------------------------------------------------------
MuniYield New York Insured Fund, Inc. Schedule of Investments as of January 31, 2005 (continued) (in Thousands)
- ----------------------------------------------------------------------------------------------------------------------------------- Face Amount Municipal Bonds Value - ----------------------------------------------------------------------------------------------------------------------------------- New York (concluded) - ----------------------------------------------------------------------------------------------------------------------------------- Suffolk County, New York, IDA, Solid Waste Disposal Facility, Revenue Refunding Bonds (Ogden Martin System Hunting Project), AMT (a): $ 8,530 6% due 10/01/2010 $ 9,730 9,170 6.15% due 10/01/2011 10,639 6,470 6.25% due 10/01/2012 7,614 ---------------------------------------------------------------------------------------------------------- Tobacco Settlement Financing Corporation of New York Revenue Bonds: 5,000 Series A-1, 5.25% due 6/01/2020 (a) 5,472 5,000 Series A-1, 5.25% due 6/01/2021 (a) 5,435 2,000 Series A-1, 5.25% due 6/01/2022 (a) 2,165 2,000 Series C-1, 5.50% due 6/01/2021 2,211 1,900 Series C-1, 5.50% due 6/01/2022 2,087 ---------------------------------------------------------------------------------------------------------- Triborough Bridge and Tunnel Authority, New York, General Purpose Revenue Refunding Bonds (d): 2,500 Series A, 5% due 1/01/2032 2,592 2,305 Series Y, 6% due 1/01/2012 (h) 2,657 ---------------------------------------------------------------------------------------------------------- Triborough Bridge and Tunnel Authority, New York, Revenue Refunding Bonds (d): 7,000 5.25% due 11/15/2023 7,735 19,675 5% due 11/15/2032 20,471 1,500 Series B, 5% due 11/15/2032 1,561 ---------------------------------------------------------------------------------------------------------- Triborough Bridge and Tunnel Authority, New York, Subordinate Revenue Bonds: 2,465 5% due 11/15/2028 (a) 2,590 6,000 Series A, 5.25% due 11/15/2030 (d) 6,459 ---------------------------------------------------------------------------------------------------------- 2,500 United Nations Development Corporation, New York, Revenue Refunding Bonds, Senior Lien, Series A, 5.25% due 7/01/2020 2,634 ---------------------------------------------------------------------------------------------------------- 1,680 Warren & Washington Counties, New York, IDA, Civic Facility Revenue Bonds (Glens Falls Hospital Project), Series A, 5% due 12/01/2035 (c) 1,748 ---------------------------------------------------------------------------------------------------------- 2,010 Yonkers, New York, GO, Series A, 5.75% due 10/01/2017 (b) 2,294 - ----------------------------------------------------------------------------------------------------------------------------------- Guam - 0.8% - ----------------------------------------------------------------------------------------------------------------------------------- A.B. Won Guam International Airport Authority, General Revenue Refunding Bonds, AMT, Series C (d): 2,240 5.25% due 10/01/2021 2,415 2,050 5.25% due 10/01/2022 2,210 - ----------------------------------------------------------------------------------------------------------------------------------- Puerto Rico - 8.7% - ----------------------------------------------------------------------------------------------------------------------------------- 2,500 Puerto Rico Commonwealth, GO, Refunding, Series A, 5% due 7/01/2031 (c) 2,753 ---------------------------------------------------------------------------------------------------------- Puerto Rico Commonwealth Highway and Transportation Authority, Transportation Revenue Bonds: 1,900 5.25% due 7/01/2018 (b) 2,130 2,265 Series G, 5.25% due 7/01/2019 (b) 2,536 1,000 Series G, 5.25% due 7/01/2021 (b) 1,116 1,250 Trust Receipts, Class R, Series B, 9.603% due 7/01/2035 (d)(f) 1,600 ----------------------------------------------------------------------------------------------------------
MuniYield New York Insured Fund, Inc. Schedule of Investments as of January 31, 2005 (continued) (in Thousands)
- ----------------------------------------------------------------------------------------------------------------------------------- Face Amount Municipal Bonds Value - ----------------------------------------------------------------------------------------------------------------------------------- Puerto Rico (concluded) - ----------------------------------------------------------------------------------------------------------------------------------- $ 8,495 Puerto Rico Commonwealth, Highway and Transportation Authority, Transportation Revenue Refunding Bonds, Series D, 5.75% due 7/01/2041 $ 9,635 ---------------------------------------------------------------------------------------------------------- Puerto Rico Commonwealth, Public Improvement, GO, Series A: 4,605 5.25% due 7/01/2019 5,030 7,480 5.25% due 7/01/2020 8,153 ---------------------------------------------------------------------------------------------------------- 4,750 Puerto Rico Electric Power Authority, Power Revenue Bonds, Series NN, 5.125% due 7/01/2029 4,986 ---------------------------------------------------------------------------------------------------------- 3,000 Puerto Rico Public Buildings Authority, Government Facilities Revenue Refunding Bonds, Series J, 5% due 7/01/2036 (a) 3,304 ---------------------------------------------------------------------------------------------------------- Puerto Rico Public Finance Corporation, Commonwealth Appropriation Revenue Bonds, Series E: 2,300 5.50% due 2/01/2012 (e) 2,607 700 5.50% due 8/01/2029 749 ---------------------------------------------------------------------------------------------------------- 6,100 Puerto Rico Public Finance Corporation Revenue Bonds, DRIVERS, Series 272, 9.229% due 8/01/2030 (f) 6,884 - ----------------------------------------------------------------------------------------------------------------------------------- Total Investments (Cost - $782,951+) - 142.2% 839,661 Other Assets Less Liabilities - 1.7% 9,700 Preferred Stock, at Redemption Value - (43.9%) (259,040) -------- Net Assets Applicable to Common Stock - 100.0% $590,321 ========
+ The cost and unrealized appreciation (depreciation) of investments as of January 31, 2005, as computed for federal income tax purposes, were as follows: (in Thousands) ------------------------------------------------------------------------- Aggregate cost $ 783,233 ========= Gross unrealized appreciation $ 56,469 Gross unrealized depreciation (41) --------- Net unrealized appreciation $ 56,428 ========= (a) AMBAC Insured. (b) FGIC Insured. (c) FSA Insured. (d) MBIA Insured. (e) Prerefunded. (f) The rate disclosed is that currently in effect. This rate changes periodically and inversely based upon prevailing market rates. (g) Security has a maturity of more than one year, but has a variable rate and demand features, which qualify it as short-term security. The rate disclosed is that currently in effect. This rate changes periodically based upon prevailing market rates. (h) Escrowed to maturity. (i) FHA Insured. (j) CIFG Insured. (k) Radian Insured. (l) XL Capital Insured. (m) All or a portion of security held as collateral in connection with open future contracts. MuniYield New York Insured Fund, Inc. Schedule of Investments as of January 31, 2005 (concluded) Investments in companies considered to be an affiliate of the Fund (such companies are defined as "Affiliated Companies" in Section 2(a)(3) of the Investment Company Act of 1940) were as follows: (in Thousands) -------------------------------------------------------------------------- Net Dividend Affiliate Activity Income -------------------------------------------------------------------------- CMA New York Municipal Money Fund (52) $ 4 -------------------------------------------------------------------------- Forward interest rate swaps outstanding as of January 31, 2005 were as follows: (in Thousands) -------------------------------------------------------------------------- Unrealized Notional Amount Depreciation -------------------------------------------------------------------------- Receive a variable rate equal to the change in 7-Day Bond Market Association Municipal Swap Index Rate and pay a fixed rate equal to 3.652% Broker, Morgan Stanley Capital Services, Inc. Expires March 2015 $83,000 $ (964) -------------------------------------------------------------------------- Financial futures contracts sold as of January 31, 2005 were as follows: (in Thousands) -------------------------------------------------------------------------- Number of Expiration Face Unrealized Contracts Issue Date Value Depreciation -------------------------------------------------------------------------- 405 10-Year U.S. March Treasury Notes 2005 $45,871 $ (403) -------------------------------------------------------------------------- Item 2 - Controls and Procedures 2(a) - The registrant's certifying officers have reasonably designed such disclosure controls and procedures to ensure material information relating to the registrant is made known to us by others particularly during the period in which this report is being prepared. The registrant's certifying officers have determined that the registrant's disclosure controls and procedures are effective based on our evaluation of these controls and procedures as of a date within 90 days prior to the filing date of this report. 2(b) - There were no changes in the registrant's internal control over financial reporting (as defined in Rule 30a-3(d) under the Act (17 CFR 270.30a-3(d)) that occurred during the last fiscal quarter of the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting. Item 3 - Exhibits Certifications - Attached hereto Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. MuniYield New York Insured Fund, Inc. By: /s/ Robert C. Doll, Jr. ------------------------------ Robert C. Doll, Jr., President MuniYield New York Insured Fund, Inc. Date: March 21, 2005 Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated. By: /s/ Robert C. Doll, Jr. ------------------------------ Robert C. Doll, Jr., President MuniYield New York Insured Fund, Inc. Date: March 21, 2005 By: /s/ Donald C. Burke ------------------------------ Donald C. Burke, Chief Financial Officer MuniYield New York Insured Fund, Inc. Date: March 21, 2005 EX-99.CERT 2 e500278_ex99-cert.txt CERTIFICATION PURSUANT TO SECTION 302 EX-99. CERT CERTIFICATION PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002 - -------------------------------------------------------------------------------- I, Robert C. Doll, Jr., President of MuniYield New York Insured Fund, Inc., certify that: 1. I have reviewed this report on Form N-Q of MuniYield New York Insured Fund, Inc. (the "Fund"); 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; 3. Based on my knowledge, the schedule of investments included in this report fairly present in all material respects the investments of the Fund as of the end of the fiscal quarter for which the report is filed; 4. The Fund's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the Fund and have: a) designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the Fund, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; b) designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; c) evaluated the effectiveness of the Fund's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and d) disclosed in this report any change in the Fund's internal control over financial reporting that occurred during the Fund's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the Fund's internal control over financial reporting; and 5. The Fund's other certifying officer(s) and I have disclosed to the Fund's auditors and the audit committee of the Fund's board of directors (or persons performing the equivalent functions): a) all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the Fund's ability to record, process, summarize, and report financial information; and b) any fraud, whether or not material, that involves management or other employees who have a significant role in the Fund's internal control over financial reporting. Date: March 21, 2005 /s/ Robert C. Doll, Jr. ----------------------- Robert C. Doll, Jr., President MuniYield New York Insured Fund, Inc. EX-99. CERT CERTIFICATION PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002 - -------------------------------------------------------------------------------- I, Donald C. Burke, Chief Financial Officer of MuniYield New York Insured Fund, Inc., certify that: 1. I have reviewed this report on Form N-Q of MuniYield New York Insured Fund, Inc. (the "Fund"); 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; 3. Based on my knowledge, the schedule of investments included in this report fairly present in all material respects the investments of the Fund as of the end of the fiscal quarter for which the report is filed; 4. The Fund's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the Fund and have: a) designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the Fund, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; b) designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; c) evaluated the effectiveness of the Fund's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and d) disclosed in this report any change in the Fund's internal control over financial reporting that occurred during the Fund's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the Fund's internal control over financial reporting; and 5. The Fund's other certifying officer(s) and I have disclosed to the Fund's auditors and the audit committee of the Fund's board of directors (or persons performing the equivalent functions): a) all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the Fund's ability to record, process, summarize, and report financial information; and b) any fraud, whether or not material, that involves management or other employees who have a significant role in the Fund's internal control over financial reporting. Date: March 21, 2005 /s/ Donald C. Burke ------------------- Donald C. Burke, Chief Financial Officer MuniYield New York Insured Fund, Inc. -----END PRIVACY-ENHANCED MESSAGE-----