NPORT-EX 2 NPORT_LCQX_79379578_1021.htm BlackRock MuniYield New Jersey Fund

Schedule of Investments (unaudited)

October 31, 2021

   

BlackRock MuniYield New Jersey Fund, Inc. (MYJ)

(Percentages shown are based on Net Assets)

 

Security   Par
(000)		     Value  

Municipal Bonds

 

Guam — 0.6%

 

Utilities — 0.6%  

Guam Government Waterworks Authority, RB, Series A, 5.00%, 01/01/50

   $ 1,930     $ 2,277,937  
   

 

 

  

New Jersey — 112.0%

 

Corporate — 3.5%  

New Jersey Economic Development Authority, RB

    

Series A, (NPFGC), 5.25%, 07/01/25(a)

    415       485,708  

Series A, AMT, 5.63%, 11/15/30

     1,730       1,895,585  

Series B, AMT, 5.63%, 11/15/30

     5,000       5,478,570  

New Jersey Economic Development Authority, Refunding RB

    

3.38%, 04/01/38

     1,810       1,866,507  

3.50%, 04/01/42

     1,355       1,391,189  

Series A, AMT, 2.20%, 10/01/39(b)

    2,130       2,227,693  
   

 

 

  
      13,345,252  

County/City/Special District/School District — 18.2%

 

Casino Reinvestment Development Authority, Inc., Refunding RB

    

5.25%, 11/01/39

     2,280       2,522,371  

5.25%, 11/01/44

     12,000       13,069,932  

City of Bayonne New Jersey, Refunding GO, (BAM, SAW),
5.00%, 07/01/26(c)

    4,190       5,021,702  

County of Mercer New Jersey, Refunding GO,
2.38%, 02/15/30

     1,400       1,480,905  

County of Middlesex New Jersey, Refunding COP,
5.00%, 10/15/31

     2,840       3,274,310  

Essex County Improvement Authority, RB, (GTD),
4.00%, 11/01/49

     465       517,002  

Essex County Improvement Authority, Refunding RB

    

(NPFGC GTD), 5.50%, 10/01/28

     4,540       5,881,456  

(NPFGC GTD), 5.50%, 10/01/29

     8,505       11,268,955  

Ewing Township Board of Education, GO

    

(SCH BD RES FD), 4.00%, 07/15/38

     1,190       1,378,723  

(SCH BD RES FD), 4.00%, 07/15/39

     1,090       1,261,630  

Gloucester County Improvement Authority, RB

   

(BAM), 4.00%, 07/01/46

     375       432,731  

(BAM), 4.00%, 07/01/51

     520       599,201  

Hudson County Improvement Authority, RB, 4.00%, 10/01/51

     700       798,571  

Mercer County Improvement Authority, RB, 5.00%, 09/01/40

     2,480       2,841,068  

Middlesex County Improvement Authority, RB,

    

Series B, 6.25%, 01/01/37(d)(e)

    2,350       47,000  

Monmouth County Improvement Authority, RB

    

Series B, (GTD), 4.00%, 12/01/37

     500       593,884  

Series B, (GTD), 4.00%, 12/01/38

     510       604,097  

Monroe Township Board of Educationddlesex County, Refunding GO, (SCH BD RES FD), 5.00%, 03/01/25(c)

    2,750       3,162,593  

New Jersey Economic Development Authority, RB

    

Series QQQ, 4.00%, 06/15/50

     1,655       1,860,677  

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

     4,310       4,875,511  
Security   Par
(000)		     Value  

County/City/Special District/School District (continued)

 

  

New Jersey Economic Development Authority, Refunding SAB, 6.50%, 04/01/28

   $ 4,750     $ 5,237,288  

Union County Improvement Authority, RB, (GTD),

5.00%, 05/01/22(c)

    2,320       2,375,358  

Union County Utilities Authority, Refunding RB,

    

Series A, AMT, (GTD), 5.25%, 12/01/31

     670       672,566  
   

 

 

  
      69,777,531  
Education — 20.2%  

Atlantic County Improvement Authority, RB, Series A,

    

(AGM), 4.00%, 07/01/46

     950       1,032,205  

Clifton Board Of Education GO

    

(AGM), 2.25%, 08/15/45

     2,725       2,580,458  

(AGM), 2.25%, 08/15/46

     2,725       2,561,435  

New Jersey Economic Development Authority, RB

    

6.00%, 10/01/33

     4,600       5,021,558  

Series A, 5.00%, 07/01/27(f)

    330       360,442  

Series A, 5.13%, 11/01/29(f)

    150       167,707  

Series A, 5.25%, 07/01/37(f)

    1,030       1,128,733  

Series A, 5.00%, 07/01/38

     160       188,298  

Series A, 6.25%, 11/01/38(f)

    440       517,064  

Series A, 5.00%, 07/01/47

     440       467,976  

Series A, 5.38%, 07/01/47(f)

    1,685       1,828,062  

Series A, 5.00%, 12/01/48

     4,475       5,230,912  

Series A, 5.00%, 06/15/49(f)

    970       1,048,308  

Series A, 5.00%, 07/01/50

     410       474,691  

Series A, 6.50%, 11/01/52(f)

    2,490       2,899,991  

Series A, 5.00%, 06/15/54(f)

    730       785,877  

Series A, 5.25%, 11/01/54(f)

    1,805       1,907,174  

New Jersey Economic Development Authority, Refunding RB

    

(AGM), 5.00%, 06/01/37

     2,280       2,708,724  

Series A, 4.25%, 09/01/27(f)

    210       228,457  

Series A, 5.63%, 08/01/34(f)

    630       660,466  

Series A, 5.00%, 09/01/37(f)

    805       899,781  

Series A, 5.88%, 08/01/44(f)

    1,070       1,119,199  

Series A, 6.00%, 08/01/49(f)

    555       580,569  

Series A, 5.13%, 09/01/52(f)

    1,700       1,877,160  

New Jersey Educational Facilities Authority, RB

    

Series A, 5.00%, 07/01/45

     1,075       1,305,773  

Series C, (AGM), 3.25%, 07/01/49

     475       503,894  

Series C, (AGM), 4.00%, 07/01/50

     400       455,500  

New Jersey Educational Facilities Authority, Refunding RB

    

Series A, (BAM), 5.00%, 07/01/28

     915       1,080,767  

Series A, 5.00%, 07/01/44

     10,960       12,087,093  

Series A, 4.00%, 07/01/47

     955       1,038,078  

Series B, 5.00%, 07/01/42

     690       708,003  

Series D, 5.00%, 07/01/38

     500       533,282  

New Jersey Higher Education Student Assistance Authority, RB

    

Series 1A, AMT, 5.00%, 12/01/22

     915       961,239  

Sub-Series C, AMT, 4.00%, 12/01/48

     1,450       1,567,111  

New Jersey Higher Education Student Assistance Authority, Refunding RB

    

1st Series, AMT, 5.75%, 12/01/29

  

 

2,205

 

  

 

2,212,894

 

 

 

 

1

  

Schedule of Investments (unaudited) (continued)

October 31, 2021

   

BlackRock MuniYield New Jersey Fund, Inc. (MYJ)

(Percentages shown are based on Net Assets)

 

Security   Par
(000)		     Value  
Education (continued)            

New Jersey Higher Education Student Assistance Authority, Refunding RB (continued)

    

Series B, AMT, 3.00%, 12/01/32

   $ 2,730     $ 2,835,782  

Sub-Series C, AMT, 3.63%, 12/01/49

     1,925       1,943,990  

New Jersey Institute of Technology, RB

    

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

    2,455       2,533,049  

Series A, 5.00%, 07/01/40

     3,000       3,435,288  

Series A, 5.00%, 07/01/45

     4,500       5,129,190  

Newark Board of Education, Refunding GO

    

Sustainability Bonds, (BAM), 5.00%, 07/15/28

     160       199,114  

Sustainability Bonds, (BAM), 5.00%, 07/15/29

     160       202,575  

Sustainability Bonds, (BAM), 5.00%, 07/15/30

     165       212,310  

Sustainability Bonds, (BAM), 5.00%, 07/15/31

     200       261,694  

Sustainability Bonds, (BAM), 5.00%, 07/15/32

     210       274,136  

Sustainability Bonds, (BAM), 5.00%, 07/15/33

     250       324,100  

Sustainability Bonds, (BAM), 4.00%, 07/15/34

     215       256,630  

Sustainability Bonds, (BAM), 4.00%, 07/15/35

     215       254,978  

Sustainability Bonds, (BAM), 4.00%, 07/15/36

     215       253,874  

Sustainability Bonds, (BAM), 4.00%, 07/15/37

     225       264,864  

Sustainability Bonds, (BAM), 3.00%, 07/15/42

     215       227,353  
   

 

 

  
      77,337,808  
Health — 6.3%            

Camden County Improvement Authority, Refunding RB,

    

5.00%, 02/15/34

     590       643,374  

New Jersey Economic Development Authority, Refunding RB

    

5.00%, 01/01/34

     555       636,075  

5.00%, 01/01/39

     555       626,731  

New Jersey Health Care Facilities Financing Authority RB

    

2.38%, 07/01/46

     2,240       2,132,254  

3.00%, 07/01/51

     1,135       1,183,381  

New Jersey Health Care Facilities Financing Authority, RB

    

5.00%, 07/01/42

     1,685       1,978,111  

4.00%, 07/01/44

     2,755       3,087,024  

Series A, 5.50%, 07/01/43

     2,400       2,588,952  

New Jersey Health Care Facilities Financing Authority, Refunding RB

    

5.00%, 07/01/34

     860       1,018,435  

5.00%, 07/01/39

     2,530       2,971,146  

4.00%, 07/01/41

     1,400       1,567,367  

Series A, 4.00%, 07/01/43

     1,635       1,808,769  

Series A, 5.00%, 07/01/43

     3,305       3,899,077  
   

 

 

  
      24,140,696  
Housing — 3.4%            

New Jersey Housing & Mortgage Finance Agency, RB,S/F Housing

    

Series H, 2.15%, 10/01/41

     1,360       1,284,772  

Series H, 2.30%, 10/01/46

     1,020       947,854  

Series H, 2.40%, 04/01/52

     1,020       945,741  

New Jersey Housing & Mortgage Finance Agency,

    

Refunding RB, M/F Housing

    

Series A, (HUD SECT 8), 2.45%, 11/01/45

     385       373,207  

Series A, 4.00%, 11/01/48

     305       328,248  

Series A, (HUD SECT 8), 2.55%, 11/01/50

     350       336,826  

Series A, 4.10%, 11/01/53

     180       192,935  

Series A, (HUD SECT 8), 2.63%, 11/01/56

     350       336,639  
Security   Par
(000)		     Value  
Housing (continued)            

New Jersey Housing & Mortgage Finance Agency, Refunding RB, M/F Housing (continued)

    

Series D, AMT, 4.25%, 11/01/37

   $ 1,260     $ 1,354,923  

New Jersey Housing & Mortgage Finance Agency, Refunding RB, S/F Housing

    

Series A, 3.75%, 10/01/35

     2,395       2,645,457  

Series E, 2.25%, 10/01/40

     1,210       1,207,302  

Series E, 2.40%, 10/01/45

     935       936,799  

Newark Housing Authority Scholarship Foundation A New Jersey Non, RB, M/F Housing,

    

Series A, 5.00%, 12/01/30

     2,000       2,178,420  
   

 

 

  
      13,069,123  
State — 19.4%            

Garden State Preservation Trust, RB, CAB(g)

   

Series B, (AGM), 0.00%, 11/01/23

     1,460       1,438,450  

Series B, (AGM), 0.00%, 11/01/26

     6,000       5,606,154  

Series B, (AGM), 0.00%, 11/01/27

     4,000       3,652,784  

Series B, (AGM), 0.00%, 11/01/28

     4,540       4,041,517  

New Jersey Economic Development Authority, RB

    

4.00%, 06/15/49

     2,380       2,658,791  

Series A, (NPFGC), 5.25%, 07/01/25

     3,450       3,998,136  

Series A, (NPFGC), 5.25%, 07/01/26

     1,000       1,191,285  

Series B, 5.00%, 06/15/35

     3,750       4,564,594  

Series B, 5.00%, 06/15/43

     2,235       2,685,560  

Series EEE, 5.00%, 06/15/43

     4,450       5,367,737  

New Jersey Economic Development Authority, Refunding RB

    

(AGM), 5.00%, 06/15/22

     3,690       3,787,353  

5.00%, 06/15/26

     1,250       1,281,566  

5.00%, 06/15/28

     975       995,451  

5.00%, 06/15/29

     2,260       2,316,660  

4.00%, 07/01/46

     2,255       2,524,094  

Series N-1, (AMBAC), 5.50%, 09/01/26

     600       725,605  

Sub-Series A, 5.00%, 07/01/33

     1,175       1,382,458  

Sub-Series A, 4.00%, 07/01/34

     1,270       1,402,554  

New Jersey Educational Facilities Authority, RB,

    

Series A, 5.00%, 09/01/32

     4,000       4,460,400  

South Jersey Port Corp., ARB, Series B, AMT,
5.00%, 01/01/48

     7,620       8,689,635  

State of New Jersey, GO

    

2.00%, 06/01/32

     1,500       1,471,868  

2.00%, 06/01/37

     2,600       2,459,285  

Series A, 4.00%, 06/01/32

     5,980       7,323,281  
   

 

 

  
      74,025,218  
Tobacco — 7.0%            

Tobacco Settlement Financing Corp., Refunding RB

    

Series A, 5.00%, 06/01/46

     7,000       8,237,670  

Series A, 5.25%, 06/01/46

     1,595       1,909,148  

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

     14,375       16,545,912  
   

 

 

  
      26,692,730  
Transportation — 29.6%            

New Jersey Economic Development Authority, RB

    

AMT, (AGM), 5.00%, 01/01/31

     1,000       1,085,436  

AMT, 5.38%, 01/01/43

     15,780       17,309,224  

New Jersey Economic Development Authority,

    

Refunding ARB, AMT, 5.00%, 10/01/37

     2,750       3,200,425  

New Jersey Transportation Trust Fund Authority

    

Refunding RB, Series A, 4.00%, 06/15/36

     2,110       2,451,172  
 

 

 

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

  

2

Schedule of Investments (unaudited) (continued)

October 31, 2021

   

BlackRock MuniYield New Jersey Fund, Inc. (MYJ)

(Percentages shown are based on Net Assets)

 

Security   Par
(000)		     Value  
Transportation (continued)  

New Jersey Transportation Trust Fund Authority, RB

    

Series A, 5.00%, 06/15/30

   $ 2,000     $ 2,339,814  

Series A, 5.00%, 06/15/42

     6,885       7,073,195  

Series AA, 5.00%, 06/15/38

     9,490       10,455,997  

Series AA, 5.50%, 06/15/39

     8,205       8,811,489  

Series AA, 5.25%, 06/15/41

     5,000       5,701,685  

Series AA, 4.00%, 06/15/50

     6,100       6,796,724  

Series B, 5.00%, 06/15/33

     1,110       1,356,952  

Series BB, 4.00%, 06/15/50

     2,690       2,990,174  

New Jersey Transportation Trust Fund Authority, RB, CAB(g)

   

Series C, (AGM), 0.00%, 12/15/32

     5,250       4,132,411  

Series C, (AMBAC), 0.00%, 12/15/35

     4,140       3,010,575  

New Jersey Transportation Trust Fund Authority,Refunding RB

    

4.00%, 12/15/39

     1,000       1,130,861  

Series A, 5.00%, 06/15/26

     300       354,117  

Series A, 5.00%, 06/15/31

     6,040       7,115,147  

Series A, 5.00%, 06/15/32

     500       646,027  

Series A, 5.00%, 12/15/32

     3,530       4,320,448  

Series A, 4.00%, 06/15/34

     1,500       1,773,394  

Series A, 4.00%, 06/15/35

     2,300       2,686,230  

Series A, 5.00%, 12/15/35

     905       1,100,453  

Series A, 5.00%, 12/15/36

     500       605,973  

New Jersey Turnpike Authority, RB

    

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

    7,015       7,238,021  

Series A1, 5.00%, 01/01/35

     1,060       1,267,213  

Series E, 5.00%, 01/01/45

     720       806,783  

New Jersey Turnpike Authority, Refunding RB

    

Series A, 5.00%, 01/01/22(c)

    1,000       1,007,940  

Series B, 5.00%, 01/01/34

     1,150       1,396,778  

Series G, 4.00%, 01/01/43

     1,445       1,619,283  

Port Authority of New York & New Jersey, Refunding ARB, Consolidated, 172nd Series, AMT, 5.00%, 10/01/34

     2,500       2,546,595  

South Jersey Transportation Authority, RB,
Series A, 5.00%, 11/01/45

     575       698,410  
   

 

 

  
      113,028,946  
Utilities — 4.4%  

New Jersey Infrastructure Bank, RB

    

2.00%, 09/01/42

     1,055       1,019,266  

2.00%, 09/01/43

     725       699,656  

2.25%, 09/01/50

     1,785       1,745,578  

Passaic Valley Sewerage Commission,
Refunding RB

    

Series J, (AGM), 3.00%, 12/01/40

     920       980,216  

Series J, (AGM), 3.00%, 12/01/41

     940       1,000,954  

Series J, (AGM), 3.00%, 12/01/42

     965       1,025,659  

Series J, (AGM), 3.00%, 12/01/43

     985       1,044,736  

Series J, (AGM), 3.00%, 12/01/44

     1,005       1,063,745  

Series J, (AGM), 3.00%, 12/01/45

     1,030       1,088,821  

Rahway Valley Sewerage Authority, RB, CAB(g)

   

Series A, (NPFGC), 0.00%, 09/01/31

     6,000       4,927,776  

Series A, (NPFGC), 0.00%, 09/01/33

     2,650       2,049,052  
   

 

 

  
      16,645,459  
   

 

 

  

Total Municipal Bonds in New Jersey

 

     428,062,763  
New York — 8.3%            
Transportation — 8.3%            

Port Authority of New York & New Jersey, ARB

    

Consolidated, 93rd Series, 6.13%, 06/01/94

     5,000       5,694,310  

 

Security   Par
(000)		      Value  
Transportation (continued)             

Port Authority of New York & New Jersey,
ARB (continued)

     

Consolidated, 218th Series, AMT,
4.00%, 11/01/34

   $
 3,285
  
    $ 3,834,735  

Consolidated, 218th Series, AMT,
4.00%, 11/01/47

     4,970        5,586,285  

Consolidated, 221st Series, AMT,
4.00%, 07/15/45

     2,165        2,465,355  

Port Authority of New York & New Jersey, Refunding ARB

     

Consolidated, 206th Series, AMT,
5.00%, 11/15/42

     1,365        1,626,266  

Consolidated, 206th Series, AMT,
5.00%, 11/15/47

     1,525        1,807,648  

Series 223, AMT, 4.00%, 07/15/51

     2,395        2,735,605  

Port Authority of New York & New Jersey, Refunding RB

     

Consolidated, 200th Series,
5.00%, 09/01/36

     2,495        3,136,704  

Consolidated, 212th Series, 4.00%, 09/01/37

     4,000        4,674,456  
    

 

 

  

Total Municipal Bonds in New York

        31,561,364  
Pennsylvania — 1.3%             
Transportation — 1.3%             

Delaware River Port Authority, RB, 5.00%, 01/01/40

     4,000        4,371,544  

Delaware River Port Authority, Refunding RB, 5.00%, 01/01/27

     625        658,299  
    

 

 

  

Total Municipal Bonds in Pennsylvania

        5,029,843  
    

 

 

  
Puerto Rico — 6.1%             
State — 4.7%             

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

     

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

     2,225        2,474,858  

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

     9,254        10,447,396  

Series A-2, Restructured, 4.33%, 07/01/40

     1,131        1,240,255  

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

     2,028        2,259,618  

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

    4,385        1,428,203  
    

 

 

  
       17,850,330  
Tobacco — 0.4%             

Children’s Trust Fund, Refunding RB

     

5.50%, 05/15/39

     760        778,665  

5.63%, 05/15/43

     790        799,097  
    

 

 

  
       1,577,762  
Utilities — 1.0%             

Puerto Rico Commonwealth Aqueduct & Sewer Authority, RB

     

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

     2,995        3,090,217  

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

     855        882,876  
    

 

 

  
       3,973,093  
    

 

 

  

Total Municipal Bonds in Puerto Rico

        23,401,185  
    

 

 

  
Total Municipal Bonds — 128.3%             

(Cost: $452,535,206)

        490,333,092  
    

 

 

  
Municipal Bonds Transferred to Tender Option Bond Trusts(h)  
New Jersey — 26.5%             
County/City/Special District/School District — 7.9%         

Hudson County Improvement Authority, RB, 5.25%, 05/01/51

     2,560        2,993,379  
 

 

 

3

  

Schedule of Investments  (unaudited) (continued)

October 31, 2021

   

BlackRock MuniYield New Jersey Fund, Inc. (MYJ)

(Percentages shown are based on Net Assets)

 

Security   Par
(000)		     Value  

County/City/Special District/School District (continued)

 

Union County Utilities Authority, Refunding RB

    

Series A, 5.00%, 06/15/41

   $ 6,982     $ 7,005,267  

Series A, AMT, 5.25%, 12/01/31

     20,310       20,387,797  
   

 

 

  
      30,386,443  

Education — 7.9%

 

New Jersey Economic Development Authority,
Refunding RB(i)

   

AMT, 3.00%, 08/01/41

     7,879       7,931,914  

AMT, 3.00%, 08/01/43

     11,331       11,407,696  

Rutgers The State University of New Jersey,
Refunding RB, Series L, 5.00%, 05/01/23(c)

    10,000       10,707,935  
   

 

 

  
      30,047,545  

Health — 3.1%

 

New Jersey Health Care Facilities Financing Authority, RB

    

4.00%, 07/01/47

     5,555       6,064,851  

4.00%, 07/01/51

     4,996       5,749,691  
   

 

 

  
      11,814,542  

State — 4.0%

 

Garden State Preservation Trust, RB, Series A, 5.75%, 11/01/28

     5,460       6,628,235  

New Jersey Economic Development Authority,
Refunding RB, Series NN, 5.00%, 03/01/29(i)

    8,017       8,492,619  
   

 

 

  
      15,120,854  
Transportation — 3.6%  

New Jersey Turnpike Authority, RB, Series A, 5.00%, 07/01/22(c)(i)

    13,520       13,949,831  
   

 

 

  

Total Municipal Bonds in New Jersey

       101,319,215  
   

 

 

  

Total Municipal Bonds Transferred to Tender Option Bond
Trusts — 26.5%

    

(Cost: $98,448,147)

       101,319,215  
   

 

 

  

Total Long-Term Investments — 154.8%

    

(Cost: $550,983,353)

       591,652,307  
   

 

 

  

Short-Term Securities

    
Commercial Paper — 0.5%  

Port Authority of New York & New Jersey, Refunding
ARB, 0.13%, 03/03/22

     2,000       1,999,933  
   

 

 

  
      1,999,933  
   

 

 

  

 

Security   Shares     Value  
Money Market Funds — 4.7%  

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

    17,861,341     $ 17,863,127  
   

 

 

  

Total Short-Term Securities — 5.2%
(Cost: $ 19,863,160)

 

     19,863,060  
   

 

 

  

Total Investments — 160.0%
(Cost: $ 570,846,513)

 

     611,515,367  

Other Assets Less Liabilities — 1.6%

 

     6,327,787  

Liability for TOB Trust Certificates, Including Interest Expense and Fees Payable — (14.6)%

 

     (55,865,266 ) 

VRDP Shares at Liquidation Value, Net of Deferred Offering Costs — (47.0)%

 

     (179,722,060 ) 
   

 

 

  

Net Assets Applicable to Common Shares — 100.0%

 

   $ 382,255,828  
   

 

 

  

 

(a)

Security is collateralized by municipal bonds or U.S. Treasury obligations.

(b)

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.

(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)

Issuer filed for bankruptcy and/or is in default.

(e)

Non-income producing security.

(f)

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.

(g)

Zero-coupon bond.

(h)

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.

(i) 

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 January 1, 2022 to February 1, 2037, is $25,936,359.

(j)

Affiliate of the Fund.

(k)

Annualized 7-day yield as of period end.

 

For Fund compliance purposes, the Fund’s sector classifications refer to one or more of the sector sub-classifications used by one or more widely recognized market indexes or rating group indexes, and/or as defined by the investment adviser. These definitions may not apply for purposes of this report, which may combine such sector sub-classifications for reporting ease.

 

 

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

  

4

Schedule of Investments  (unaudited) (continued)

October 31, 2021

   

BlackRock MuniYield New Jersey Fund, Inc. (MYJ)

 

Affiliates

Investments in issuers considered to be affiliate(s) of the Fund during the period ended October 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
07/31/21		      Purchases
at Cost		      Proceeds
from Sales		      Net
Realized
Gain (Loss)		      Change in
Unrealized
Appreciation
(Depreciation)		      Value at
10/31/21		      Shares
Held at
10/31/21		      Income      Capital Gain
Distributions
from
Underlying
Funds		  

BlackRock Liquidity Funds, MuniCash, Institutional Class

    $ 21,084,389      $ —      $
 		 (3,220,910
 )(a) 
 		    $ (319 )     $ (33 )     $ 17,863,127        17,861,341      $ 121      $ —  
           

 

 

     

 

 

     

 

 

        

 

 

     

 

 

  

 

  (a) 

Represents net amount purchased (sold).

 

Derivative Financial Instruments Outstanding as of Period End

Futures Contracts

 

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

Short Contracts

                  

10-Year U.S. Treasury Note

      48          12/21/21        $ 6,272        $ 109,303  

U.S. Long Bond

      22          12/21/21          3,538          34,548  

5-Year U.S. Treasury Note

      38          12/31/21          4,624          62,061  
                 

 

 

  
                  $ 205,912  
                 

 

 

  

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).

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 financial instruments categorized in the fair value hierarchy. The breakdown of the Fund’s financial instruments 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

    $ —        $ 490,333,092        $ —        $ 490,333,092  

Municipal Bonds Transferred to Tender Option Bond Trusts

                         —          101,319,215                         —          101,319,215  

 

 

5

  

Schedule of Investments  (unaudited) (continued)

October 31, 2021

   

BlackRock MuniYield New Jersey Fund, Inc. (MYJ)

 

Fair Value Hierarchy as of Period End (continued)

 

      Level 1        Level 2        Level 3        Total  

Short-Term Securities

                  

Commercial Paper

    $ —        $ 1,999,933        $ —        $ 1,999,933  

Money Market Funds

      17,863,127          —          —          17,863,127  
  

 

 

       

 

 

       

 

 

       

 

 

  
   $ 17,863,127        $ 593,652,240        $ —        $ 611,515,367  
  

 

 

       

 

 

       

 

 

       

 

 

  

Derivative Financial Instruments(a)

                 

Assets

                  

Interest Rate Contracts

    $ 205,912        $ —        $ —        $ 205,912  
  

 

 

       

 

 

       

 

 

       

 

 

  

 

  (a) 

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

 

The Fund may hold assets and/or liabilities in which the fair value approximates the carrying amount for financial reporting purposes. As of period end, such assets and/or liabilities are categorized within the fair value hierarchy as follows:

 

      Level 1        Level 2        Level 3        Total  

Liabilities

                  

TOB Trust Certificates

    $ —        $ (55,854,560 )       $ —        $ (55,854,560 ) 

VRDP Shares at Liquidation Value

      —          (180,000,000 )         —          (180,000,000 ) 
  

 

 

       

 

 

       

 

 

       

 

 

  
   $             —        $ (235,854,560 )       $             —        $ (235,854,560 ) 
  

 

 

       

 

 

       

 

 

       

 

 

  

 

Portfolio Abbreviation   
AGM    Assured Guaranty Municipal Corp.   
AMBAC    AMBAC Assurance Corp.   
AMT    Alternative Minimum Tax   
ARB    Airport Revenue Bonds   
BAM    Build America Mutual Assurance Co.   
CAB    Capital Appreciation Bonds   
COP    Certificates of Participation   
GO    General Obligation Bonds   
GTD    GTD Guaranteed   
HUD SECT 8    U.S. Department of Housing and Urban Development Section 8   
M/F    Multi-Family   
NPFGC    National Public Finance Guarantee Corp.   
RB    Revenue Bond   
S/F    Single-Family   
SAB    Special Assessment Bonds   
SAW    State Aid Withholding   
SCH BD RES FD    School Board Resolution Fund   

 

 

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

  

6