NPORT-EX 2 NPORT_LCQR_4895448761.htm BlackRock MuniYield Fund

Schedule of Investments  (unaudited)

July 31, 2021

   

BlackRock MuniYield Fund, Inc. (MYD)

(Percentages shown are based on Net Assets)

 

Security   Par
(000)		     Value  

Municipal Bonds

 

Alabama — 1.9%

 

County of Jefferson Alabama Sewer Revenue, Refunding RB

    

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

   $ 1,665     $ 1,840,907  

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

     3,175       3,522,028  

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

     7,410       8,476,521  
   

 

 

  
      13,839,456  
Arizona — 3.0%            

Glendale Industrial Development Authority, RB

    

5.00%, 05/15/41

     190       219,980  

5.00%, 05/15/56

     750       851,310  

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

    3,575       3,996,564  

Salt Verde Financial Corp., RB

    

5.00%, 12/01/32

     7,365       9,829,918  

5.00%, 12/01/37

     5,000       7,134,500  
   

 

 

  
      22,032,272  
Arkansas — 1.0%            

Arkansas Development Finance Authority, RB

    

5.00%, 12/01/47

     1,120       1,415,591  

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

    5,230       5,880,978  
   

 

 

  
      7,296,569  
California — 4.3%            

California Educational Facilities Authority, RB,

    

Series V-1, 5.00%, 05/01/49

     4,455       7,215,986  

California Health Facilities Financing Authority, Refunding RB

    

Series A, 5.00%, 07/01/33

     2,560       2,790,477  

Series A, 4.00%, 04/01/45

     820       972,143  

California Municipal Finance Authority, RB, S/F Housing

    

Series A, 5.25%, 08/15/39

     305       332,548  

Series A, 5.25%, 08/15/49

     770       832,432  

California Pollution Control Financing Authority, RB,

    

Series A, AMT, 5.00%, 11/21/45(a)

    1,650       1,717,056  

California State Public Works Board, RB,

    

Series I, 5.00%, 11/01/38

     1,605       1,769,561  

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

     3,285       3,294,034  

City of Los Angeles Department of Airports, Refunding ARB

    

Series A, AMT, 5.00%, 05/15/31

     715       964,156  

Series A, AMT, 5.00%, 05/15/32

     860       1,154,670  

Series A, AMT, 5.00%, 05/15/33

     850       1,135,396  

Series A, AMT, 5.00%, 05/15/38

     605       795,817  

Series A, AMT, 5.00%, 05/15/39

     650       854,113  

Golden State Tobacco Securitization Corp., Refunding RB

    

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

     1,140       1,180,687  

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

     4,525       4,677,085  

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

     10       10,034  

State of California, Refunding GO,
3.00%, 12/01/46

     1,045       1,145,539  

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

    740       838,272  
   

 

 

  
      31,680,006  
Security  

Par

(000)

     Value  
Colorado — 1.7%            

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

   $ 2,635     $ 3,477,488  

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

     3,735       4,330,172  

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

     1,250       1,316,825  

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

     2,695       3,159,295  
   

 

 

  
      12,283,780  
Connecticut — 0.7%            

State of Connecticut Special Tax Revenue, RB

    

Series A, 4.00%, 05/01/36

     690       840,247  

Series A, 4.00%, 05/01/39

     440       532,550  

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

     3,080       3,727,108  
   

 

 

  
      5,099,905  
Delaware — 0.4%            

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

     2,430       2,804,730  
   

 

 

  
District of Columbia — 7.3%            

District of Columbia, Refunding RB
5.00%, 04/01/35

     910       1,111,647  

5.00%, 10/01/48

     4,875       5,950,669  

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

     4,440       4,454,918  

Metropolitan Washington Airports Authority Aviation Revenue, Refunding ARB

    

Series A, AMT, 4.00%, 10/01/37

     715       878,878  

Series A, AMT, 4.00%, 10/01/38

     715       876,726  

Series A, AMT, 4.00%, 10/01/39

     1,060       1,293,083  

Series A, AMT, 4.00%, 10/01/40

     860       1,046,981  

Series A, AMT, 4.00%, 10/01/41

     795       963,349  

Metropolitan Washington Airports Authority Dulles Toll Road Revenue, Refunding RB

    

Series A, 5.00%, 10/01/53

     4,240       4,360,416  

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

     1,615       1,858,542  

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

   

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

     8,350       7,171,147  

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

     15,000       12,542,400  

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

     13,410       10,944,840  
   

 

 

  
      53,453,596  
Florida — 4.4%            

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

     4,825       5,503,540  

Capital Projects Finance Authority, RB

    

Series A-1, 5.00%, 10/01/32

     405       513,892  

Series A-1, 5.00%, 10/01/33

     455       575,420  

Series A-1, 5.00%, 10/01/34

     455       572,950  

Series A-1, 5.00%, 10/01/35

     150       188,243  

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

     2,790       3,168,045  

County of Miami-Dade Florida Aviation Revenue, Refunding RB

    

Series A, 4.00%, 10/01/37

     680       822,943  

Series A, 4.00%, 10/01/38

     680       821,957  

Series A, 4.00%, 10/01/39

     505       609,444  

County of Sarasota Florida Utility System Revenue, RB
Series A, 5.00%, 10/01/45

     905       1,174,002  

Series A, 5.00%, 10/01/50

     1,360       1,747,750  
 

 

 

SCHEDULE OF INVESTMENTS

   1

Schedule of Investments  (unaudited) (continued)

July 31, 2021

   

BlackRock MuniYield Fund, Inc. (MYD)

(Percentages shown are based on Net Assets)

 

Security  

Par

(000)

     Value  
Florida (continued)            

Florida Development Finance Corp., RB(a)
Series A, 5.00%, 06/15/40

   $ 455     $ 530,507  

Series A, 5.00%, 06/15/50

     1,510       1,729,433  

Series A, 5.00%, 06/15/55

     905       1,034,125  

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

    6,150       6,220,971  

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

    3,036       2,659,751  

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

     3,695       4,669,002  
   

 

 

  
      32,541,975  
Georgia — 2.4%            

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

     1,075       1,249,064  

George L Smith II Congress Center Authority, RB,
4.00%, 01/01/54

     740       863,476  

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

     1,510       1,539,611  

Main Street Natural Gas, Inc., RB
Series A, 5.00%, 05/15/35

     1,040       1,459,942  

Series A, 5.00%, 05/15/36

     1,040       1,478,547  

Series A, 5.00%, 05/15/37

     1,145       1,648,949  

Series A, 5.00%, 05/15/38

     630       920,279  

Series A, 5.00%, 05/15/49

     2,100       3,318,819  

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

     3,290       3,715,561  

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

     1,285       1,469,963  
   

 

 

  
      17,664,211  
Idaho — 1.4%            

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

     10,000       10,039,200  
   

 

 

  
Illinois — 10.9%            

Chicago Board of Education, GO
Series C, 5.25%, 12/01/35

     3,095       3,493,203  

Series D, 5.00%, 12/01/46

     4,040       4,500,772  

Series H, 5.00%, 12/01/36

     460       560,427  

Chicago Board of Education, Refunding GO
Series C, 5.00%, 12/01/25

     1,365       1,606,250  

Series D, 5.00%, 12/01/25

     1,735       2,041,418  

Series D, 5.00%, 12/01/31

     1,000       1,234,220  

Series F, 5.00%, 12/01/22

     1,305       1,382,060  

Series G, 5.00%, 12/01/34

     455       559,382  

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

     1,960       2,360,702  

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

    2,130       2,165,124  

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

     1,635       1,786,843  

Illinois Finance Authority, RB
Series A, 5.00%, 02/15/47

     500       564,630  

Series A, 5.00%, 02/15/50

     270       303,558  

Illinois State Toll Highway Authority, RB
Series A, 5.00%, 01/01/45

     2,705       3,497,024  

Series C, 5.00%, 01/01/37

     5,815       6,689,518  

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

     1,835       2,202,257  
Security  

Par

(000)

     Value  

Illinois (continued)

    

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

   $ 2,830     $ 3,276,857  

Metropolitan Pier & Exposition Authority, Refunding RB, CAB(c)
Series B, (AGM), 0.00%, 06/15/43

     10,925       6,650,157  

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

     27,225       14,616,286  

State of Illinois, GO 5.50%, 07/01/38

     4,000       4,320,000  

5.00%, 02/01/39

     3,195       3,500,187  

Series A, 5.00%, 04/01/38

     2,510       2,650,610  

Series D, 5.00%, 11/01/24

     5,800       6,648,598  

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

     1,000       1,268,620  

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

     2,045       2,279,357  
   

 

 

  
      80,158,060  
Indiana — 2.8%            

City of Valparaiso Indiana, RB

    

AMT, 6.75%, 01/01/34

     1,635       1,807,542  

AMT, 7.00%, 01/01/44

     3,950       4,372,057  

Indiana Finance Authority, RB
Series A, 1st Lien, 5.25%, 10/01/38

     6,665       6,720,519  

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

     910       975,538  

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

     3,015       3,247,306  

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

     840       910,426  

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

     2,580       2,752,421  
   

 

 

  
      20,785,809  
Iowa — 1.0%            

Iowa Finance Authority, Refunding RB
5.25%, 12/01/25

     940       1,035,965  

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

    5,720       6,295,718  
   

 

 

  
      7,331,683  
Kentucky — 1.2%            

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

    2,055       2,203,946  

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

     2,625       3,204,337  

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

    2,485       3,072,529  
   

 

 

  
      8,480,812  
Louisiana — 1.9%            

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

     5,500       7,037,580  

Tobacco Settlement Financing Corp., Refunding RB
Series A, 5.25%, 05/15/31

     635       636,390  

Series A, 5.25%, 05/15/32

     2,240       2,320,640  

Series A, 5.25%, 05/15/33

     2,430       2,517,140  

Series A, 5.25%, 05/15/35

     1,025       1,105,893  
   

 

 

  
      13,617,643  
Maryland — 0.8%            

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

     1,162       1,163,011  
 

 

 

2  

Schedule of Investments  (unaudited) (continued)

July 31, 2021

   

BlackRock MuniYield Fund, Inc. (MYD)

(Percentages shown are based on Net Assets)

 

Security   Par
(000)		     Value  
Maryland (continued)            

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

   $ 880     $ 1,077,701  

Maryland State Transportation Authority, Refunding RB, Series A, 2.50%, 07/01/47

     3,680       3,769,681  
   

 

 

  
      6,010,393  
Massachusetts — 1.8%            

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

     3,250       4,346,907  

Massachusetts Housing Finance Agency, RB, M/F Housing
Series C-1, 3.15%, 12/01/49

     1,165       1,216,144  

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

     4,280       4,476,195  

Massachusetts Port Authority, ARB, Series E, AMT,
5.00%, 07/01/51

     2,325       2,993,740  
   

 

 

  
      13,032,986  
Michigan — 2.6%            

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

    8,995       9,419,744  

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

     1,710       2,019,578  

Michigan State Housing Development Authority, RB, M/F Housing, Series A, 2.70%, 10/01/56

     1,995       2,005,953  

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

     2,105       2,659,457  

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

     2,255       2,745,846  
   

 

 

  
      18,850,578  
Minnesota — 1.1%            

Duluth Economic Development Authority, Refunding RB
Series A, 4.25%, 02/15/48

     2,160       2,485,210  

Series A, 5.25%, 02/15/53

     4,315       5,358,669  
   

 

 

  
      7,843,879  
Missouri — 2.2%            

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

     6,030       7,096,044  

Health & Educational Facilities Authority of the State of Missouri, Refunding RB 5.50%, 05/01/43

     510       552,651  

Series A, 4.00%, 07/01/46

     1,250       1,509,913  

Series C, 5.00%, 11/15/47

     5,470       6,736,250  
   

 

 

  
      15,894,858  
Nebraska — 0.4%            

Central Plains Energy Project, RB

5.25%, 09/01/37

     1,670       1,757,858  

5.00%, 09/01/42

     925       971,093  
   

 

 

  
      2,728,951  
New Hampshire(a) — 0.7%            

New Hampshire Business Finance Authority, Refunding RB Series B, 4.63%, 11/01/42

     3,205       3,369,160  

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

     1,665       1,758,024  
   

 

 

  
      5,127,184  
New Jersey — 13.1%            

Casino Reinvestment Development Authority, Inc., Refunding RB
5.25%, 11/01/39

     3,490       3,907,090  
Security  

Par

(000)

     Value  
New Jersey (continued)            

Casino Reinvestment Development Authority, Inc., Refunding RB (continued)
5.25%, 11/01/44

   $ 3,180     $ 3,521,532  

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

     3,470       4,169,274  

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

     1,075       1,247,591  

4.00%, 11/01/39

     860       994,685  

5.00%, 06/15/49

     4,850       6,021,905  

Series EEE, 5.00%, 06/15/48

     7,780       9,614,213  

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

     2,155       2,345,610  

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

     3,040       3,586,592  

New Jersey Transportation Trust Fund Authority, RB
Series AA, 5.00%, 06/15/44

     3,875       4,223,005  

Series BB, 5.00%, 06/15/50

     10,800       13,291,344  

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

    7,395       5,620,422  

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

    685       715,640  

Series A, 4.00%, 01/01/42

     1,530       1,853,549  

Series E, 5.00%, 01/01/45

     5,425       6,200,938  

State of New Jersey, GO

    

Series A, 4.00%, 06/01/31

     1,180       1,499,957  

Series A, 3.00%, 06/01/32

     2,715       3,149,373  

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

     5,120       6,286,336  

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

     14,860       17,797,970  
   

 

 

  
      96,047,026  
New York — 14.0%            

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

     2,330       3,030,072  

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

     4,070       4,099,345  

Metropolitan Transportation Authority, RB
Series B, 5.25%, 11/15/38

     4,960       5,580,794  

Series B, 5.25%, 11/15/39

     1,765       1,984,672  

Metropolitan Transportation Authority, Refunding RB
Series C-1, 4.75%, 11/15/45

     3,335       4,138,001  

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

     1,085       1,348,850  

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

     1,605       2,026,409  

Monroe County Industrial Development Corp., Refunding RB
4.00%, 12/01/46

     1,090       1,289,394  

Series A, 4.00%, 07/01/50

     2,240       2,653,302  

New York City Housing Development Corp., RB, M/F Housing

    

Series A, 3.00%, 11/01/55

     2,220       2,299,631  

Series F-1, (FHA), 2.40%, 11/01/46

     5,310       5,338,568  

Series F-1, (FHA), 2.50%, 11/01/51

     3,660       3,707,946  

New York City Industrial Development Agency,

    

Refunding RB
Series A, Class A, (AGM), 3.00%, 01/01/37

     455       503,567  

Series A, Class A, (AGM), 3.00%, 01/01/39

     455       501,524  

Series A, Class A, (AGM), 3.00%, 01/01/40

     320       352,070  

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

     4,235       4,334,734  

Series C, Subordinate, 4.00%, 05/01/45

     2,275       2,727,884  
 

 

 

SCHEDULE OF INVESTMENTS

   3

Schedule of Investments  (unaudited) (continued)

July 31, 2021

   

BlackRock MuniYield Fund, Inc. (MYD)

(Percentages shown are based on Net Assets)

 

Security  

Par

(000)

     Value  
New York (continued)            

New York City Transitional Finance Authority Future Tax Secured Revenue, RB (continued)
Sub-Series C-1, Subordinate, 4.00%, 05/01/40

   $ 905     $ 1,102,851  

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

    3,500       3,550,155  

New York Liberty Development Corp., Refunding RB(a) Series 1, Class 1, 5.00%, 11/15/44

     8,145       8,999,899  

Series 2, Class 2, 5.15%, 11/15/34

     705       794,168  

Series 2, Class 2, 5.38%, 11/15/40

     1,760       1,988,325  

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

     3,750       4,729,612  

New York State Urban Development Corp., RB
Series A, 4.00%, 03/15/49

     16,590       19,595,942  

Series A, 3.00%, 03/15/50

     2,695       2,891,466  

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

     1,525       1,725,599  

New York Transportation Development Corp., RB
AMT, 5.00%, 10/01/35

     750       971,018  

AMT, 5.00%, 10/01/40

     2,120       2,710,547  

Triborough Bridge & Tunnel Authority, RB
Series A, 4.00%, 11/15/54

     2,065       2,466,457  

Series A, 5.00%, 11/15/54

     1,770       2,281,388  

Series A, 5.00%, 11/15/56

     1,850       2,408,404  

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

     431       481,235  
   

 

 

  
      102,613,829  
North Carolina — 1.3%            

County of Union North Carolina Enterprise System Revenue, RB, 3.00%, 06/01/51

     4,300       4,722,432  

North Carolina Medical Care Commission, RB
Series A, 4.00%, 10/01/40

     240       271,666  

Series A, 5.00%, 10/01/40

     360       441,965  

Series A, 4.00%, 10/01/45

     220       247,485  

Series A, 5.00%, 10/01/45

     640       782,381  

Series A, 4.00%, 10/01/50

     270       303,755  

Series A, 5.00%, 10/01/50

     720       869,997  

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

     1,130       1,818,678  
   

 

 

  
      9,458,359  
North Dakota — 0.3%            

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

     2,000       2,477,340  
   

 

 

  
Ohio — 3.9%            

Buckeye Tobacco Settlement Financing Authority, Refunding RB
Series A-2, Class 1, 4.00%, 06/01/37

     610       731,622  

Series A-2, Class 1, 4.00%, 06/01/38

     610       729,395  

Series A-2, Class 1, 4.00%, 06/01/39

     610       726,815  

Series A-2, Class 1, 4.00%, 06/01/48

     1,605       1,875,057  

Series B-2, Class 2, 5.00%, 06/01/55

     7,005       8,219,527  

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

     4,160       4,521,504  

County of Franklin Ohio, RB
Series 2017, 5.00%, 12/01/46

     840       1,028,210  

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

    80       84,405  

Series A, 6.13%, 07/01/40

     1,300       1,357,356  

Series A, 4.00%, 12/01/49

     1,060       1,248,977  

County of Hamilton Ohio, Refunding RB
4.00%, 08/15/50

     1,245       1,477,653  
Security  

Par

(000)

     Value  
Ohio (continued)            

County of Hamilton Ohio, Refunding RB (continued)
Series A, 3.75%, 08/15/50

   $ 2,190     $ 2,509,937  

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

    1,545       1,818,419  

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

     1,685       1,861,335  
   

 

 

  
      28,190,212  
Oklahoma — 1.7%            

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

     2,460       3,052,614  

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

     4,320       4,972,882  

Series C, 4.00%, 01/01/42

     4,115       4,752,002  
   

 

 

  
      12,777,498  
Oregon — 0.6%            

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

     3,755       4,748,198  
   

 

 

  
Pennsylvania — 3.4%            

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

     5,250       5,436,742  

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

     1,325       1,376,543  

Montgomery County Higher Education and Health Authority, Refunding RB Series A, 5.00%, 09/01/43

     2,610       3,217,582  

Series A, 4.00%, 09/01/49

     1,185       1,328,112  

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

     1,765       2,053,736  

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

     3,210       3,431,073  

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

     4,875       5,728,612  

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

     2,305       2,634,869  
   

 

 

  
      25,207,269  
Puerto Rico — 5.7%            

Children’s Trust Fund, Refunding RB
5.50%, 05/15/39

     1,430       1,465,307  

5.63%, 05/15/43

     1,430       1,446,645  

Puerto Rico Commonwealth Aqueduct & Sewer Authority, RB
Series A, Senior Lien, 5.00%, 07/01/33

     5,165       5,348,719  

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

     1,470       1,520,509  

Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue, RB
Series A-1, Restructured, 4.75%, 07/01/53

     3,817       4,390,886  

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

     14,706       17,134,402  

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

     6,236       7,170,153  

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

     8,495       2,838,009  

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

     1,547       375,596  
   

 

 

  
      41,690,226  
Rhode Island — 2.9%            

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

    4,155       623,250  
 

 

 

4  

Schedule of Investments  (unaudited) (continued)

July 31, 2021

   

BlackRock MuniYield Fund, Inc. (MYD)

(Percentages shown are based on Net Assets)

 

Security   Par
(000)		     Value  
Rhode Island (continued)            

Tobacco Settlement Financing Corp., Refunding RB

    

Series B, 4.50%, 06/01/45

   $ 8,215     $ 9,146,499  

Series B, 5.00%, 06/01/50

     9,875       11,306,085  
   

 

 

  
      21,075,834  
South Carolina — 3.8%  

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

     6,455       7,893,626  

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

     8,090       9,122,769  

South Carolina Public Service Authority,
Refunding RB

    

Series A, 5.00%, 12/01/50

     5,000       5,700,800  

Series E, 5.25%, 12/01/55

     4,550       5,320,224  
   

 

 

  
      28,037,419  
Tennessee — 1.0%  

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

    2,855       3,061,303  

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

     330       385,648  

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

     1,440       1,708,963  

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

     2,025       2,488,664  
   

 

 

  
      7,644,578  
Texas — 5.5%  

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

     4,525       5,291,173  

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

    725       775,344  

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

     3,600       4,036,212  

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

     1,765       1,944,536  

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

    2,440       3,073,717  

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

     1,525       1,688,099  

Harris County Cultural Education Facilities Finance Corp., RB

    

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

    485       532,132  

Series B, 6.38%, 01/01/33

     460       492,421  

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

    4,110       2,267,199  

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

     1,910       2,195,793  

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

     2,695       3,352,607  

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

     9,585       11,809,199  

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

     2,435       2,860,638  
   

 

 

  
      40,319,070  
Security   Par
(000)		     Value  
Utah — 1.0%            

City of Salt Lake City Utah Airport Revenue, ARB

    

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

   $ 1,920     $ 2,304,250  

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

     1,845       2,239,406  

County of Utah, RB

    

Series A, 4.00%, 05/15/43

     450       539,095  

Series A, 3.00%, 05/15/50

     2,065       2,220,845  
   

 

 

  
      7,303,596  
Vermont — 1.2%  

Vermont Educational & Health Buildings Financing Agency, Refunding RB
5.00%, 11/01/49

     3,640       4,625,639  

4.00%, 11/01/50

     3,275       3,828,148  
   

 

 

  
      8,453,787  
Virginia — 1.0%  

Virginia Small Business Financing Authority, RB

    

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

     3,270       3,415,646  

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

     3,900       4,097,730  
   

 

 

  
      7,513,376  
Washington — 1.6%  

Port of Seattle Washington, ARB

    

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

     3,120       3,719,602  

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

     1,565       1,766,431  

Washington Health Care Facilities Authority, RB,

    

Series A, 5.75%, 01/01/23(b)

    4,745       5,123,651  

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

     715       833,154  
   

 

 

  
      11,442,838  
West Virginia — 0.5%  

West Virginia Parkways Authority, RB, Senior Lien, 4.00%, 06/01/51

     3,050       3,695,533  
   

 

 

  
Wisconsin — 0.3%  

Public Finance Authority, RB

    

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

    190       217,599  

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

    720       807,034  

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

    345       384,016  

Series B, 5.00%, 06/01/49

     930       1,115,163  
   

 

 

  
      2,523,812  
   

 

 

  

Total Municipal Bonds — 118.7%
(Cost: $765,046,207)

 

     869,818,336  
   

 

 

  

Municipal Bonds Transferred to Tender Option Bond Trusts(h)

 

California — 2.1%            

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

    6,496       7,506,528  

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

     6,494       7,831,407  
   

 

 

  
      15,337,935  
 

 

 

SCHEDULE OF INVESTMENTS

   5

Schedule of Investments  (unaudited) (continued)

July 31, 2021

   

BlackRock MuniYield Fund, Inc. (MYD)

(Percentages shown are based on Net Assets)

 

Security   Par
(000)		     Value  
Colorado — 2.0%  

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

  $ 4,775     $ 5,990,780  

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

     7,820       8,734,549  
   

 

 

  
      14,725,329  
District of Columbia — 2.2%  

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

     10,265       11,692,549  

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

     3,779       4,433,366  
   

 

 

  
      16,125,915  
Georgia — 1.5%  

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

     6,660       7,721,737  

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

     3,037       3,335,474  
   

 

 

  
      11,057,211  
Illinois — 0.5%  

Illinois Finance Authority, Refunding RB

    

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

    6       6,627  

Series C, 4.00%, 02/15/41

     2,994       3,426,145  
   

 

 

  
      3,432,772  
Massachusetts — 1.3%  

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

     4,333       4,847,362  

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

    4,607       4,652,453  
   

 

 

  
      9,499,815  
New York — 11.5%  

Hudson Yards Infrastructure Corp., RB 5.75%, 02/15/47(i)

    654       657,182  

5.75%, 02/15/47

     403       404,279  

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

     21,629       22,023,479  

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

    13,081       13,271,694  

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

     2,760       3,291,962  

New York State Dormitory Authority, Refunding RB,

    

Series D, 4.00%, 02/15/47

     12,580       14,769,927  

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

     6,065       7,093,751  

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

     13,980       16,349,330  

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

     5,400       6,402,402  
   

 

 

  
      84,264,006  
North Carolina — 0.9%  

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

    5,290       6,311,816  
   

 

 

  
Pennsylvania — 0.8%  

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

     4,877       6,045,284  
   

 

 

  
Security   Par
(000)		     Value  
Rhode Island — 0.5%  

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

  $ 3,272     $ 3,409,812  
   

 

 

  
Texas — 6.4%  

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

     6,243       6,539,589  

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

    5,060       5,430,797  

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

     4,335       4,445,976  

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

    6,920       7,004,424  

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

     5,700       5,900,697  

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

     14,560       17,341,688  
   

 

 

  
      46,663,171  
Virginia — 2.3%  

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

    4,496       5,333,901  

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

     10,097       11,860,559  
   

 

 

  
      17,194,460  
Wisconsin — 1.9%  

Wisconsin Health & Educational Facilities Authority, Refunding RB
4.00%, 12/01/46

     5,950       6,780,065  

4.00%, 12/15/49(i)

    6,200       7,279,730  
   

 

 

  
      14,059,795  
   

 

 

  

Total Municipal Bonds Transferred to Tender Option Bond Trusts — 33.9%
(Cost: $229,359,348)

 

     248,127,321  
   

 

 

  

Total Long-Term Investments — 152.6%
(Cost: $994,405,555)

 

     1,117,945,657  
   

 

 

  
     Shares         
Short-Term Securities  
Money Market Funds — 0.7%  

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

    4,713,707       4,714,650  
   

 

 

  

Total Short-Term Securities — 0.7%
(Cost: $4,714,650)

 

     4,714,650  
   

 

 

  

Total Investments — 153.3%
(Cost: $999,120,205)

 

     1,122,660,307  

Other Assets Less Liabilities — 0.8%

 

     6,103,301  

Liability for TOB Trust Certificates, Including Interest Expense and Fees Payable — (19.8)%

 

     (145,258,146 ) 

VRDP Shares at Liquidation Value, Net of Deferred Offering Costs — (34.3)%

 

     (251,084,925 ) 
   

 

 

  

Net Assets Applicable to Common Shares — 100.0%

 

   $ 732,420,537  
   

 

 

  
 

 

 

6  

Schedule of Investments  (unaudited) (continued)

July 31, 2021

   

BlackRock MuniYield Fund, Inc. (MYD)

 

(a)

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

(b)

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

(c)

Zero-coupon bond.

(d)

Issuer filed for bankruptcy and/or is in default.

(e)

Non-income producing security.

(f)

Variable 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.

 

(g)

Step coupon security. Coupon rate will either increase (step-up bond) or decrease (step-down bond) at regular intervals until maturity. Interest rate shown reflects the rate currently in effect.

(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 April 1, 2025 to November 15, 2051, is $22,119,088.

(j) 

Affiliate of the Fund.

(k)

Annualized 7-day yield as of period end.

 

 

Affiliates

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

 

Affiliated Issuer    Value at
04/30/21		      Purchases
at Cost		      Proceeds
from Sales		      Net
Realized
Gain (Loss)		      Change in
Unrealized
Appreciation
(Depreciation)		      Value at
07/31/21		      Shares
Held at
07/31/21		      Income      Capital Gain
Distributions
from
Underlying
Funds		  

BlackRock Liquidity Funds, MuniCash, Institutional Class

    $  650,459      $  4,064,191 (a)     $  —      $  —      $  —      $  4,714,650        4,713,707      $  68      $  —  
           

 

 

     

 

 

     

 

 

        

 

 

     

 

 

  

 

  (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

      89          09/21/21        $            11,973   $ (159,934 ) 

U.S. Long Bond

      68          09/21/21        11,218     (465,845 ) 

5-Year U.S. Treasury Note

      56          09/30/21        6,971     (59,903 ) 
              

 

 

  
               $ (685,682 ) 
              

 

 

  

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

 

 

SCHEDULE OF INVESTMENTS

   7

Schedule of Investments  (unaudited) (continued)

July 31, 2021

   

BlackRock MuniYield Fund, Inc. (MYD)

 

Fair Value Hierarchy as of Period End (continued)

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

    $ —        $  869,818,336        $ —        $  869,818,336  

Municipal Bonds Transferred to Tender Option Bond Trusts

      —          248,127,321          —          248,127,321  

Short-Term Securities

                  

Money Market Funds

      4,714,650          —          —          4,714,650  
  

 

 

       

 

 

       

 

 

       

 

 

  
   $ 4,714,650        $  1,117,945,657        $ —        $ 1,122,660,307  
  

 

 

       

 

 

       

 

 

       

 

 

  

Derivative Financial Instruments(a)

                 

Liabilities

                  

Interest Rate Contracts

    $ (685,682 )       $ —        $             —        $ (685,682)  
  

 

 

       

 

 

       

 

 

       

 

 

  

 

  (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

      $ —        $ (145,234,382 )       $ —        $ (145,234,382 ) 

VRDP Shares at Liquidation Value

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

 

 

       

 

 

       

 

 

       

 

 

  
     $ —        $ (396,634,382 )       $             —        $ (396,634,382 ) 
    

 

 

       

 

 

       

 

 

       

 

 

  

 

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

 

 

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