NPORT-EX 1 NPORT_11106483238406975.htm BlackRock MuniYield Fund

Schedule of Investments  (unaudited)

July 31, 2019

   

BlackRock MuniYield Fund, Inc. (MYD)

(Percentages shown are based on Net Assets)

 

Security   Par
(000)		     Value  

Municipal Bonds — 116.5%

 

Alabama — 2.0%

 

County of Jefferson Alabama Sewer, Refunding RB:

    

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

   $ 1,665     $ 1,869,712  

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

     3,175       3,580,320  

Sub-Lien, Series D, 6.00%, 10/01/42

     7,410       8,749,580  
   

 

 

  
      14,199,612  
Alaska — 0.0%  

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

     235       235,277  
   

 

 

  
Arizona — 2.8%  

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

     3,575       3,807,768  

Salt Verde Financial Corp., RB, Senior:

    

5.00%, 12/01/32

     7,365       9,379,696  

5.00%, 12/01/37

     5,000       6,548,650  
   

 

 

  
      19,736,114  
Arkansas — 0.8%  

Arkansas Development Finance Authority, RB, Big River Steel Project, AMT, 4.50%, 09/01/49(a)

     5,230       5,444,639  
   

 

 

  
California — 6.2%  

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

     4,455       6,606,720  

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

     2,560       2,901,606  

Sutter Health, Series B, 6.00%, 08/15/20(b)

     6,465       6,800,275  

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

    

5.25%, 08/15/39

     305       342,506  

5.25%, 08/15/49

     770       853,668  

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

     1,650       1,764,576  
Security   Par
(000)		     Value  
California (continued)  

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

    

5.00%, 12/01/41

   $ 1,100     $ 1,223,365  

5.00%, 12/01/46

     955       1,055,094  

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

     3,285       3,287,102  

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

    

6.25%, 10/01/38

     405       475,968  

6.25%, 10/01/40

     335       392,302  

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

    

5.00%, 06/01/47

     4,525       4,575,861  

5.25%, 06/01/47

     1,140       1,160,657  

State of California, GO:

    

(AMBAC), 5.00%, 04/01/31

     10       10,034  

Various Purposes, 6.00%, 03/01/33

     5,085       5,226,210  

State of California Public Works Board, LRB, Various Capital Projects:

    

Series I, 5.00%, 11/01/38

     1,605       1,821,370  

Sub-Series I-1, 6.38%, 11/01/19(b)

     2,385       2,416,220  

Tobacco Securitization Authority of Southern California, Refunding RB, Tobacco Settlement, Asset-Backed, Senior Series A-1:

    

4.75%, 06/01/25

     520       520,567  

5.00%, 06/01/37

     1,775       1,794,081  
   

 

 

  
      43,228,182  
Colorado — 0.7%  

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

     2,635       3,400,178  

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

     1,250       1,289,550  
   

 

 

  
      4,689,728  
Connecticut — 0.4%  

State of Connecticut Health & Educational Facility Authority, RB, Ascension Health Senior Credit, Series A, 5.00%, 11/15/40

     2,770       2,796,066  
   

 

 

  
Delaware — 2.0%  

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

     2,305       2,407,112  

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

     2,430       2,757,029  
 

 

 

     1  

Schedule of Investments  (unaudited) (continued)

July 31, 2019

   

BlackRock MuniYield Fund, Inc. (MYD)

(Percentages shown are based on Net Assets)

 

Security   Par
(000)		     Value  
Delaware (continued)  

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

   $ 8,275     $ 8,512,410  
   

 

 

  
      13,676,551  
District of Columbia — 6.4%  

District of Columbia, Refunding RB:

    

Georgetown University, 5.00%, 04/01/35

     910       1,095,676  

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

     745       879,636  

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

     4,875       5,652,953  

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

     4,440       4,677,540  

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

     4,240       4,521,748  

Metropolitan Washington Airports Authority, Refunding RB,:

    

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

     8,350       5,983,360  

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

     15,000       10,307,850  

Dulles Toll Road, 1st Senior Lien, Series A, 5.25%, 10/01/44

     2,425       2,441,320  

Dulles Toll Road, CAB, 2nd Senior Lien, Series B (AGC), 0.00%, 10/01/33(c)

     13,410       8,836,788  
   

 

 

  
      44,396,871  
Florida — 4.7%  

City of Clearwater Florida Water & Sewer Revenue, RB, Series A,
5.25%, 12/01/19(b)

     6,900       6,994,530  

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

     4,825       5,362,843  

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

     2,790       3,157,722  

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

     7,530       7,902,584  

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

     6,150       6,951,099  
Security   Par
(000)		     Value  
Florida (continued)  

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

   $ 3,255     $ 2,526,117  
   

 

 

  
      32,894,895  
Georgia — 2.6%  

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

     6,660       7,136,856  

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

     1,075       1,246,484  

DeKalb Georgia Private Hospital Authority, Refunding RB, Children’s Healthcare, 5.25%, 11/15/19(b)

     1,700       1,717,340  

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

    

5.00%, 05/15/35

     1,040       1,339,021  

5.00%, 05/15/36

     1,040       1,347,882  

5.00%, 05/15/37

     1,145       1,495,782  

5.00%, 05/15/38

     630       827,574  

5.00%, 05/15/49

     2,100       2,835,525  
   

 

 

  
      17,946,464  
Hawaii — 0.4%  

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

     2,760       2,858,504  
   

 

 

  
Idaho — 1.4%  

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

     10,000       10,035,800  
   

 

 

  
Illinois — 14.6%  

Chicago Board of Education, GO,:

    

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

     1,000       1,128,500  

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

     460       509,399  

Project, 5.25%, 12/01/35

     3,095       3,361,541  

Chicago Board of Education, GO, Refunding:

    

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

     1,735       1,961,418  

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

     1,305       1,403,945  

Dedicated Revenues, Series G,

    

5.00%, 12/01/34

     455       507,462  

5.00%, 12/01/25

     1,365       1,543,133  
 

 

 

2   

Schedule of Investments  (unaudited) (continued)

July 31, 2019

   

BlackRock MuniYield Fund, Inc. (MYD)

(Percentages shown are based on Net Assets)

 

Security   Par
(000)		     Value  
Illinois (continued)  

Chicago Board of Education, GO, Series C, Series D:

    

5.00%, 12/01/46

   $ 1,125     $ 1,242,090  

5.00%, 12/01/46

     2,915       3,064,540  

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

    

5.63%, 01/01/21(b)

     3,390       3,603,943  

5.63%, 01/01/35

     810       853,627  

Series A, 5.75%, 01/01/21(b)

     2,940       3,130,600  

Series A, 5.75%, 01/01/39

     560       590,038  

Series C, 6.50%, 01/01/21(b)

     11,920       12,815,192  

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

     2,130       2,269,409  

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

     1,635       1,781,382  

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

    

5.00%, 02/15/47

     425       473,157  

5.00%, 02/15/50

     210       232,907  

Illinois Finance Authority, Refunding RB:

    

Ascension Health, Series A, 5.00%, 11/15/37

     1,970       2,106,580  

Central Dupage Health, Series B, 5.50%, 11/01/19(b)

     3,235       3,269,938  

Metropolitan Pier & Exposition Authority, Refunding RB, McCormick Place Expansion Project:

    

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

     27,225       9,460,687  

Series B (AGM), 5.00%, 06/15/50

     12,435       12,793,501  

Series B-2, 5.00%, 06/15/50

     5,085       5,159,800  

Railsplitter Tobacco Settlement Authority, RB(b):

    

5.50%, 06/01/21

     2,730       2,945,069  

6.00%, 06/01/21

     2,335       2,540,036  

State of Illinois, GO, Series B:

    

5.50%, 07/01/38

     4,000       4,343,040  

5.00%, 02/01/39

     3,195       3,397,467  

State of Illinois, GO, Refunding:

    

5.00%, 10/01/28

     1,000       1,139,780  

5.00%, 10/01/29

     1,865       2,123,004  

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

     2,510       2,646,820  

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

     5,815       6,660,268  
Security   Par
(000)		     Value  
Illinois (continued)  

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

   $ 2,045     $ 2,295,574  
   

 

 

  
      101,353,847  
Indiana — 3.4%  

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

    

6.75%, 01/01/34

     1,635       1,896,093  

7.00%, 01/01/44

     3,950       4,545,976  

Indiana Finance Authority, RB, Series A:

    

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

     6,665       7,132,750  

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

     910       989,307  

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

     3,015       3,266,300  

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

     840       917,750  

Sisters of St. Francis Health Services,
5.25%, 11/01/19(b)

     1,690       1,706,748  

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

     2,580       2,842,334  
   

 

 

  
      23,297,258  
Iowa — 1.6%  

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

    

Series B, 5.25%, 12/01/50(f)

     5,720       6,275,183  

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

     940       1,029,836  

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

     835       876,282  

Iowa Student Loan Liquidity Corp., Refunding RB, Student Loan, Senior Series A-1, AMT, 5.15%, 12/01/22

     305       314,101  

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

     2,695       2,695,782  
   

 

 

  
      11,191,184  
Kansas — 0.6%  

Kansas Development Finance Authority, Refunding RB, Adventist Health System/Sunbelt Obligated Group, Series C(b):

    

5.75%, 11/15/19

     95       96,233  
 

 

 

     3  

Schedule of Investments  (unaudited) (continued)

July 31, 2019

   

BlackRock MuniYield Fund, Inc. (MYD)

(Percentages shown are based on Net Assets)

 

Security   Par
(000)		     Value  
Kansas (continued)  

5.75%, 11/15/19

   $ 4,285     $ 4,340,791  
   

 

 

  
      4,437,024  
Kentucky — 1.2%  

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

     2,055       2,334,788  

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

     2,625       3,113,014  

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

     2,485       2,620,035  
   

 

 

  
      8,067,837  
Louisiana — 1.6%  

New Orleans Aviation Board, RB, Passenger Facility Charge, Series A, 5.25%, 01/01/41

     1,260       1,278,434  

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

    

5.50%, 05/15/30

     2,055       2,110,978  

5.25%, 05/15/31

     1,750       1,846,670  

5.25%, 05/15/32

     2,240       2,425,181  

5.25%, 05/15/33

     2,430       2,628,142  

5.25%, 05/15/35

     1,025       1,128,945  
   

 

 

  
      11,418,350  
Maine — 0.3%  

Maine Health & Higher Educational Facilities Authority, RB, Series A, 5.00%, 07/01/39

     2,160       2,163,737  
   

 

 

  
Maryland — 0.6%  

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

     1,289       1,290,109  

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

     1,545       1,590,577  
Security   Par
(000)		     Value  
Maryland (continued)  

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

   $ 880     $ 1,040,873  
   

 

 

  
      3,921,559  
Massachusetts — 0.6%  

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

     3,250       4,324,710  
   

 

 

  
Michigan — 3.8%  

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

     8,995       9,839,900  

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

    

5.50%, 05/15/20(b)

     1,545       1,597,839  

5.50%, 05/15/36

     1,250       1,282,737  

Michigan Finance Authority, Refunding RB, Detroit Water & Sewage Department Project, Senior Lien, Series C-1, 5.00%, 07/01/44

     1,830       1,979,438  

Michigan State Hospital Finance Authority, Refunding RB, Henry Ford Health System, 5.75%, 11/15/19(b)

     6,085       6,165,505  

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

     2,105       2,554,144  

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

     2,255       2,625,632  
   

 

 

  
      26,045,195  
Minnesota — 1.1%  

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

    

4.25%, 02/15/48

     2,160       2,346,559  
 

 

 

4   

Schedule of Investments  (unaudited) (continued)

July 31, 2019

   

BlackRock MuniYield Fund, Inc. (MYD)

(Percentages shown are based on Net Assets)

 

Security   Par
(000)		     Value  
Minnesota (continued)  

5.25%, 02/15/53

   $ 4,315     $ 5,105,853  
   

 

 

  
      7,452,412  
Mississippi — 0.0%  

University of Southern Mississippi, RB, Campus Facilities Improvements Project,
5.38%, 09/01/19(b)

     280       280,946  
   

 

 

  
Missouri — 1.1%  

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

     510       556,930  

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

    

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

     5,470       6,428,946  

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

     510       550,025  
   

 

 

  
      7,535,901  
Nebraska — 0.4%  

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

    

5.25%, 09/01/37

     1,670       1,839,121  

5.00%, 09/01/42

     925       1,011,774  
   

 

 

  
      2,850,895  
New Hampshire — 0.7%  

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

    

Series B, 4.63%, 11/01/42

     3,205       3,286,279  

Series C, AMT, 4.88%, 11/01/42

     1,665       1,711,353  
   

 

 

  
      4,997,632  
New Jersey — 10.6%  

Casino Reinvestment Development Authority, Refunding RB:

    

5.25%, 11/01/39

     3,490       3,805,636  

5.25%, 11/01/44

     3,180       3,467,854  

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

     2,250       2,281,972  

New Jersey EDA, RB:

    

Continental Airlines, Inc. Project, AMT, 4.88%, 09/15/19

     460       461,642  

Continental Airlines, Inc. Project, AMT, 5.25%, 09/15/29

     975       1,071,876  
Security   Par
(000)		     Value  
New Jersey (continued)  

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

   $ 2,400     $ 2,824,584  

Series EEE, 5.00%, 06/15/48

     7,780       8,758,880  

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

     3,040       3,375,798  

New Jersey State Turnpike Authority, RB:

    

Series A, 5.00%, 07/01/22(b)

     1,150       1,278,501  

Series A, 5.00%, 01/01/43

     685       741,204  

Series E, 5.00%, 01/01/45

     5,425       6,226,544  

New Jersey Transportation Trust Fund Authority, RB:

    

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

     7,395       4,251,016  

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

     1,360       1,479,993  

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

     2,515       2,714,892  

Transportation System, Series A, 5.50%, 06/15/41

     3,630       3,820,248  

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

     4,990       5,253,971  

Tobacco Settlement Financing Corp., Refunding RB, Series A, 5.25%, 06/01/46

     5,120       5,839,821  

Tobacco Settlement Financing Corp. New Jersey, Refunding RB, Sub-Series B, 5.00%, 06/01/46

     14,860       16,085,801  
   

 

 

  
      73,740,233  
New York — 7.3%  

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

     4,235       4,554,870  

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

     3,700       3,780,956  

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

     449       485,563  

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

     4,070       4,071,262  

Metropolitan Transportation Authority, RB, Series B:

    

5.25%, 11/15/38

     4,960       5,700,677  

5.25%, 11/15/39

     1,765       2,024,684  
 

 

 

     5  

Schedule of Investments  (unaudited) (continued)

July 31, 2019

   

BlackRock MuniYield Fund, Inc. (MYD)

(Percentages shown are based on Net Assets)

 

Security   Par
(000)		     Value  
New York (continued)  

Metropolitan Transportation Authority, Refunding RB, Dedicated Tax Fund, Series B, 5.00%, 11/15/19(b)

   $ 4,910     $ 4,966,269  

New York Liberty Development Corp., Refunding RB:

    

2nd Priority, Bank of America Tower at One Bryant Park Project, Class 3, 6.38%, 07/15/49

     2,480       2,523,499  

3 World Trade Center Project, Class 1, 5.00%, 11/15/44(a)

     8,145       8,932,703  

3 World Trade Center Project, Class 2, 5.15%, 11/15/34(a)

     705       782,479  

3 World Trade Center Project, Class 2, 5.38%, 11/15/40(a)

     1,760       1,970,848  

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

     1,525       1,702,342  

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

    

6.00%, 12/01/36

     2,625       2,761,264  

6.00%, 12/01/42

     1,485       1,557,483  

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

     3,750       4,607,137  
   

 

 

  
      50,422,036  
North Carolina — 0.8%  

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

     1,140       1,176,320  

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

    

Aldersgate, 6.25%, 07/01/35

     2,970       3,294,235  
Security   Par
(000)		     Value  
North Carolina (continued)  

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

   $ 1,210     $ 1,335,659  
   

 

 

  
      5,806,214  
North Dakota — 0.3%  

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

     2,000       2,314,120  
   

 

 

  
Ohio — 3.1%  

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

     9,385       9,224,986  

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

     4,160       4,351,693  

County of Franklin Ohio, RB:

    

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

     1,380       1,519,270  

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

     840       980,960  

County of Montgomery Ohio, Refunding RB, Catholic Health, Series A, 5.00%, 05/01/39

     1,850       1,853,311  

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

     1,545       1,659,114  

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

     1,685       1,848,866  
   

 

 

  
      21,438,200  
Oklahoma — 1.7%  

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

     4,320       4,604,040  

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

     2,460       2,913,255  
 

 

 

6   

Schedule of Investments  (unaudited) (continued)

July 31, 2019

   

BlackRock MuniYield Fund, Inc. (MYD)

(Percentages shown are based on Net Assets)

 

Security   Par
(000)		     Value  
Oklahoma (continued)  

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

   $ 4,115     $ 4,406,219  
   

 

 

  
      11,923,514  
Pennsylvania — 3.3%  

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

     5,250       5,492,392  

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

     1,325       1,425,780  

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

    

4.00%, 09/01/49

     1,185       1,278,141  

5.00%, 09/01/43

     2,610       3,103,734  

Pennsylvania Economic Development Financing Authority, RB:

    

AMT, 5.00%, 06/30/42

     1,765       1,979,447  

Aqua Pennsylvania, Inc. Project, Series B, 5.00%, 11/15/40

     3,805       3,840,653  

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

     3,210       3,425,744  

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

     2,305       2,631,227  
   

 

 

  
      23,177,118  
Puerto Rico — 5.2%  

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

    

5.50%, 05/15/39

     1,430       1,453,995  

5.63%, 05/15/43

     1,430       1,453,981  

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

    

5.00%, 07/01/33

     5,165       5,201,310  

5.13%, 07/01/37

     1,470       1,484,685  

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

    

6.00%, 07/01/38

     1,530       1,546,325  

6.00%, 07/01/44

     2,770       2,797,700  

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

    

Series A-1, 4.50%, 07/01/34

     58       59,820  
Security   Par
(000)		     Value  
Puerto Rico (continued)  

Series A-1, 4.75%, 07/01/53

   $ 3,304     $ 3,220,145  

Series A-1, 5.00%, 07/01/58

     12,647       12,620,568  

Series A-2, 5.00%, 07/01/58

     6,236       5,985,251  
   

 

 

  
      35,823,780  
Rhode Island — 2.8%  

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

     4,155       637,099  

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

    

4.50%, 06/01/45

     8,215       8,409,038  

5.00%, 06/01/50

     9,875       10,330,731  
   

 

 

  
      19,376,868  
South Carolina — 5.4%  

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

     6,455       7,616,771  

State of South Carolina Ports Authority, ARB:

    

5.25%, 07/01/20(b)

     6,695       6,947,937  

AMT, 5.25%, 07/01/55

     2,690       3,069,182  

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

     8,090       9,122,122  

State of South Carolina Public Service Authority, Refunding RB:

    

Series A, 5.00%, 12/01/50

     5,000       5,679,700  

Series E, 5.25%, 12/01/55

     4,550       5,218,987  
   

 

 

  
      37,654,699  
Tennessee — 1.1%  

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

     2,855       3,243,537  

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

     1,440       1,665,461  
 

 

 

     7  

Schedule of Investments  (unaudited) (continued)

July 31, 2019

   

BlackRock MuniYield Fund, Inc. (MYD)

(Percentages shown are based on Net Assets)

 

Security   Par
(000)		     Value  
Tennessee (continued)  

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

   $ 2,025     $ 2,403,452  
   

 

 

  
      7,312,450  
Texas — 8.0%  

Central Texas Regional Mobility Authority, Refunding RB:

    

Senior Lien, 6.25%, 01/01/21(b)

     4,365       4,667,669  

Sub-Lien, 5.00%, 01/01/33

     725       799,885  

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

     3,600       4,035,528  

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

     2,200       2,452,824  

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

     2,440       2,944,397  

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

     1,525       1,736,045  

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

    

7.00%, 01/01/23(b)

     485       578,620  

6.38%, 01/01/33

     460       512,684  

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

     9,585       11,186,366  

La Vernia Higher Education Finance Corp., RB, Kipp, Inc., Series A, 6.38%, 08/15/19(b)

     1,000       1,001,860  

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

     4,110       1,990,966  

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

     1,910       2,209,679  

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

     5,260       6,323,151  
Security   Par
(000)		     Value  
Texas (continued)  

Texas Private Activity Bond Surface Transportation Corp., RB, Senior Lien:

    

LBJ Infrastructure Group LLC, 7.00%, 06/30/40

   $ 6,000     $ 6,291,000  

NTE Mobility Partners LLC, North Tarrant Express Managed Lanes Project, 6.88%, 12/31/39

     6,255       6,380,475  

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

     2,435       2,821,410  
   

 

 

  
      55,932,559  
Utah — 0.6%  

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

    

5.00%, 07/01/48

     1,845       2,162,469  

5.00%, 07/01/47

     1,920       2,231,693  
   

 

 

  
      4,394,162  
Virginia — 1.1%  

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

    

5.25%, 01/01/32

     3,270       3,556,419  

6.00%, 01/01/37

     3,900       4,309,110  
   

 

 

  
      7,865,529  
Washington — 1.6%  

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

     3,120       3,658,731  

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

     1,565       1,772,738  
 

 

 

8   

Schedule of Investments  (unaudited) (continued)

July 31, 2019

   

BlackRock MuniYield Fund, Inc. (MYD)

(Percentages shown are based on Net Assets)

 

Security   Par
(000)		     Value  
Washington (continued)  

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

   $ 4,745     $ 5,362,277  
   

 

 

  
      10,793,746  
Wisconsin — 0.7%  

State of Wisconsin Health & Educational Facilities Authority, RB, Ascension Health Senior Credit Group, Series E, 5.00%, 11/15/33

     4,970       5,020,247  
   

 

 

  
Wyoming — 0.9%  

County of Sweetwater Wyoming, Refunding RB, Idaho Power Co. Project, Remarketing, 5.25%, 07/15/26

     6,195       6,215,505  
   

 

 

  

Total Municipal Bonds — 116.5%
(Cost — $742,160,086)

 

     810,688,170  
   

 

 

  

Municipal Bonds Transferred to Tender Option Bond Trusts(h)

 

California — 7.0%        

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

     6,496       7,035,961  

City & County of San Francisco California Public Utilities Commission, RB, Water Revenue, Series B, 5.00%, 11/01/19(b)

     19,080       19,270,609  

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

     11,973       12,295,535  

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

     6,494       7,774,257  

San Diego California Community College District, GO, Election of 2002, 5.25%, 08/01/19(b)

     2,154       2,154,229  
   

 

 

  
      48,530,591  
Colorado — 2.6%  

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

     4,775       5,752,071  

Colorado Health Facilities Authority, Refunding RB, Catholic Health Initiatives, Series A, 5.50%, 07/01/34(i)

     4,299       4,307,566  
Security   Par
(000)		     Value  
Colorado (continued)  

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

   $ 7,820     $ 8,359,893  
   

 

 

  
      18,419,530  
District of Columbia — 1.6%  

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

     10,265       11,114,631  
   

 

 

  
Florida — 1.7%  

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

     11,448       11,962,920  
   

 

 

  
Illinois — 0.5%  

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

    

4.00%, 02/15/27(b)

     6       6,340  

4.00%, 02/15/41

     2,994       3,277,596  
   

 

 

  
      3,283,936  
Massachusetts — 1.4%  

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

     4,333       4,659,043  

Massachusetts School Building Authority, RB, Senior, Series B, 5.00%, 10/15/41

     4,607       4,967,496  
   

 

 

  
      9,626,539  
New York — 9.1%  

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

    

5.75%, 02/15/21(b)

     2,018       2,151,838  

5.75%, 02/15/47

     1,242       1,323,746  

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

     21,629       23,521,753  

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

     13,081       14,279,429  

Port Authority of New York & New Jersey, Refunding ARB, Series194th, 5.25%, 10/15/55

     5,400       6,406,452  
 

 

 

     9  

Schedule of Investments  (unaudited) (continued)

July 31, 2019

   

BlackRock MuniYield Fund, Inc. (MYD)

(Percentages shown are based on Net Assets)

 

Security   Par
(000)		     Value  
New York (continued)  

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

   $ 13,980     $ 15,314,810  
   

 

 

  
    62,998,028  
North Carolina — 0.9%  

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

     5,290       6,162,744  
   

 

 

  
Pennsylvania — 0.8%  

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

     4,877       5,815,708  
   

 

 

  
Rhode Island — 0.5%  

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

     3,272       3,393,748  
   

 

 

  
Texas — 4.3%  

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

     5,060       5,556,025  

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

     6,920       7,395,681  

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

     4,335       4,505,149  

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

     5,700       5,942,364  
Security   Par
(000)		     Value  
Texas (continued)  

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

   $ 6,243     $ 6,824,324  
   

 

 

  
    30,223,543  
Utah — 1.1%  

City of Riverton Utah, RB, IHC Health Services, Inc., 5.00%, 08/15/19(b)

     7,303       7,313,196  
   

 

 

  
Virginia — 0.9%  

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

     6,075       6,213,701  
   

 

 

  
Wisconsin — 0.9%  

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

     5,950       6,357,207  
   

 

 

  

Total Municipal Bonds Transferred to Tender Option Bond Trusts — 33.3%
(Cost — $220,030,274)

 

     231,416,022  
   

 

 

  

Total Long-Term Investments — 149.8%
(Cost — $962,190,360)

 

     1,042,104,192  
   

 

 

  
     Shares         

Short-Term Securities — 4.7%

 

  

BlackRock Liquidity Funds, MuniCash, Institutional Class, 1.27%(j)(k)

     32,855,240       32,861,811  
   

 

 

  

Total Short-Term Securities — 4.7%
(Cost — $32,860,402)

 

     32,861,811  
   

 

 

  

Total Investments — 154.5%
(Cost — $995,050,762)

 

     1,074,966,003  

Other Assets Less Liabilities — 1.0%

 

     7,379,344  

Liability for TOB Trust Certificates, Including Interest Expense and Fees Payable — (19.4)%

 

     (135,264,164 ) 

VRDP Shares at Liquidation Value, Net of Deferred Offering Costs — (36.1)%

 

     (251,400,000 ) 
   

 

 

  

Net Assets Applicable to Common Shares — 100.0%

 

   $ 695,681,183  
   

 

 

  
 
(a) 

Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors.

(b) 

U.S. Government securities held in escrow, are used to pay interest on this security as well as to retire the bond in full at the date indicated, typically at a premium to par.

(c) 

Zero-coupon bond.

(d) 

Non-income producing security.

(e) 

Issuer filed for bankruptcy and/or is in default.

(f) 

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

(g) 

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

 

 

10   

Schedule of Investments  (unaudited) (continued)

July 31, 2019

   

BlackRock MuniYield Fund, Inc. (MYD)

 

(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 November 15, 2019 to July 1, 2034, is $19,237,534.

(j) 

Annualized 7-day yield as of period end.

(k) 

During the period ended July 31, 2019, investments in issuers considered to be an affiliate/affiliates of the Fund for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

 

Affiliate    Shares
Held at
04/30/19		      Net
Activity		      Shares
Held at
07/31/19		      Value at
07/31/19		      Income     

Net

Realized
Gain (Loss) (a)

      Change in
Unrealized
Appreciation
(Depreciation)		  

BlackRock Liquidity Funds, MuniCash, Institutional Class

      5,922,549        26,932,691        32,855,240      $ 32,861,811      $ 85,815      $ 853      $ 1,991  
           

 

 

     

 

 

     

 

 

     

 

 

  

 

  (a) 

Includes net capital gain distributions, if applicable.

 

 

Portfolio Abbreviations
AGC    Assured Guarantee Corp.
AGM    Assured Guaranty Municipal Corp.
AMBAC    American Municipal Bond Assurance Corp.
AMT    Alternative Minimum Tax (subject to)
ARB    Airport Revenue Bonds
CAB    Capital Appreciation Bonds
COP    Certificates of Participation
EDA    Economic Development Authority
EDC    Economic Development Corp.
FHA    Federal Housing Administration
GARB    General Airport Revenue Bonds
GO    General Obligation Bonds
GTD    Guaranteed
LRB    Lease Revenue Bonds
M/F    Multi-Family
RB    Revenue Bonds
SRF    State Revolving Fund

Derivative Financial Instruments Outstanding as of Period End

Futures Contracts

 

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

Short Contracts

                  

10-Year U.S. Treasury Note

      33          09/19/19        $ 4,205        $ (36,166 ) 

Long U.S. Treasury Bond

      270          09/19/19          42,010          (750,798 ) 

5-Year U.S. Treasury Note

      49          09/30/19          5,760          (10,074 ) 
                 

 

 

  
                  $ (797,038 ) 
                 

 

 

  

 

 

     11  

Schedule of Investments  (unaudited) (continued)

July 31, 2019

   

BlackRock MuniYield Fund, Inc. (MYD)

 

Fair Value Hierarchy as of Period End

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

 

  •  

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

 

  •  

Level 2 — Other observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are active, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the assets or liabilities (such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates) or other market-corroborated inputs)

 

  •  

Level 3 — Unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available (including the Fund’s own assumptions used in determining the fair value of investments and derivative financial instruments)

The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the fair value hierarchy classification is determined based on the lowest level input that is significant to the fair value measurement in its entirety. Investments classified within Level 3 have significant unobservable inputs used by the BlackRock Global Valuation Methodologies Committee (the “Global Valuation Committee”) in determining the price for Fair Valued Investments. Level 3 investments include equity or debt issued by privately held companies or funds. There may not be a secondary market, and/or there are a limited number of investors. The categorization of a value determined for investments and derivative financial instruments and is not necessarily an indication of the risks associated with investing in those securities. For information about the Fund’s policy regarding valuation of investments and derivative financial instruments, refer to the Fund’s most recent financial statements as contained in its annual report.

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

 

      Level 1        Level 2        Level 3        Total  

Assets:

 

Investments:

 

Long-Term Investments(a)

   $ —        $ 1,042,104,192        $             —        $ 1,042,104,192  

Short-Term Securities

     32,861,811          —          —          32,861,811  
  

 

 

       

 

 

       

 

 

       

 

 

  
   $ 32,861,811        $ 1,042,104,192        $ —        $ 1,074,966,003  
  

 

 

       

 

 

       

 

 

       

 

 

  

Derivative Financial Instruments(b)

 

Liabilities:

 

Interest rate contracts

   $ (797,038 )       $ —        $ —        $ (797,038 ) 
  

 

 

       

 

 

       

 

 

       

 

 

  

 

  (a) 

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

 
  (b) 

Derivative financial instruments are futures contracts which valued at the unrealized depreciation on the instrument.

 

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

 

      Level 1        Level 2        Level 3        Total  

Liabilities:

 

TOB Trust Certificates

   $             —        $ (134,794,896 )       $             —        $ (134,794,896 ) 

VRDP Shares at Liquidation Value

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

 

 

       

 

 

       

 

 

       

 

 

  
   $ —        $ (386,194,896 )       $ —        $ (386,194,896 ) 
  

 

 

       

 

 

       

 

 

       

 

 

  

 

 

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