NPORT-EX 2 NPORT_LCQR_50816741_0122.htm BlackRock MuniYield Fund

Schedule of Investments (unaudited) 

January 31, 2022

   

BlackRock MuniYield Fund, Inc. (MYD)

(Percentages shown are based on Net Assets)

 

Security  

Par

(000)

     Value  

Municipal Bonds

    

Alabama — 2.0%

 

County of Jefferson Alabama Sewer Revenue, Refunding RB

    

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

   $        1,665     $        1,785,045  

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

     3,175       3,412,211  

Series D, Sub Lien, 6.00%, 10/01/42

     7,410       8,236,763  
   

 

 

  
      13,434,019  

Arizona — 3.0%

 

Glendale Industrial Development
Authority, RB

    

5.00%, 05/15/41

     190       214,262  

5.00%, 05/15/56

     750       832,732  

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

     3,575       3,835,739  

Salt Verde Financial Corp., RB

    

5.00%, 12/01/32

     7,365       9,058,891  

5.00%, 12/01/37

     5,000       6,472,865  
   

 

 

  
      20,414,489  

Arkansas — 1.0%

 

Arkansas Development Finance
Authority, RB

    

5.00%, 12/01/47

     1,120       1,299,636  

Series A, AMT, 4.50%, 09/01/49(a)

     5,230       5,633,808  
   

 

 

  
      6,933,444  

California — 6.2%

 

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

     4,455       6,469,765  

California Health Facilities Financing Authority, Refunding RB

    

Series A, 5.00%, 07/01/23(b)

     2,560       2,709,084  

Series A, 4.00%, 04/01/45

     820       901,126  

California Municipal Finance Authority, RB, S/F Housing

    

Series A, 5.25%, 08/15/39

     305       319,614  

Series A, 5.25%, 08/15/49

     770       805,088  

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

     1,650       1,695,098  

California State Public Works Board, RB

    

4.00%, 11/01/41

     935       1,071,156  

5.00%, 11/01/46

     340       419,680  

Series I, 5.00%, 11/01/38

     1,605       1,708,667  

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

     3,285       3,327,846  

City of Los Angeles Department of Airports, Refunding ARB

    

Series A, 4.00%, 05/15/49

     4,370       4,891,446  

Series A, AMT, 5.00%, 05/15/31

     715       890,010  

Series A, AMT, 5.00%, 05/15/32

     860       1,063,136  

Series A, AMT, 5.00%, 05/15/33

     850       1,050,523  

Series A, AMT, 5.00%, 05/15/38

     605       744,708  

Series A, AMT, 5.00%, 05/15/39

     650       795,874  

CMFA Special Finance Agency XII, RB, M/F Housing, Series A, 3.25%, 02/01/57(a)

     500       417,538  

CSCDA Community Improvement Authority, RB, M/F Housing(a)

    

3.13%, 06/01/57

     1,575       1,255,387  

4.00%, 06/01/58

     1,645       1,550,794  

4.00%, 12/01/58

     715       670,175  
Security  

Par

(000)

     Value  

California (continued)

    

Golden State Tobacco Securitization Corp., Refunding RB(b)

    

Series A-1, 5.25%, 06/01/22

   $          1,140     $        1,157,875  

Series A-2, 5.00%, 06/01/22

     4,525       4,592,708  

San Francisco City & County Airport Comm-San Francisco International Airport, 4.00%, 05/01/52(c)

     1,295       1,432,546  

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

     10       10,035  

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

     1,045       1,077,431  

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

     740       805,078  
   

 

 

  
      41,832,388  

Colorado — 1.9%

 

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

     2,635       3,288,367  

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

     3,735       4,081,104  

Colorado Housing and Finance Authority, RB, 3.25%, 05/01/52(c)

     1,220       1,299,022  

Denver Connection West Metropolitan District, GO,

    

Series A, 5.38%, 08/01/47

     1,250       1,284,600  

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

     2,695       2,990,975  
   

 

 

  
      12,944,068  

Connecticut — 0.7%

 

State of Connecticut Special Tax
Revenue, RB

    

Series A, 4.00%, 05/01/36

     690       794,511  

Series A, 4.00%, 05/01/39

     440       498,644  

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

     3,080       3,506,534  
   

 

 

  
      4,799,689  

Delaware — 0.4%

 

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

     2,430       2,673,498  
   

 

 

  

District of Columbia — 7.4%

    

District of Columbia, Refunding RB

    

5.00%, 04/01/35

     910       1,049,014  

5.00%, 10/01/48

     4,875       5,705,003  

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

     4,440       4,455,016  

Metropolitan Washington Airports Authority Aviation Revenue, Refunding ARB

    

Series A, AMT, 4.00%, 10/01/37

     715       812,773  

Series A, AMT, 4.00%, 10/01/38

     715       812,974  

Series A, AMT, 4.00%, 10/01/39

     1,060       1,203,019  

Series A, AMT, 4.00%, 10/01/40

     860       972,429  

Series A, AMT, 4.00%, 10/01/41

     795       896,575  

Metropolitan Washington Airports Authority Dulles Toll Road Revenue, Refunding RB

    

Series A, 5.00%, 10/01/53

     4,240       4,263,850  

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

     1,615       1,775,147  

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

    

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

     8,350       6,705,451  

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

     15,000       11,621,955  

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

     13,410       10,029,205  
   

 

 

  
      50,302,411  

Florida — 4.2%

 

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

     4,825       5,249,098  

Capital Projects Finance Authority, Refunding RB Series A-1, 5.00%, 10/01/32

     405       487,728  
 

 

1       

Schedule of Investments (unaudited) (continued)

January 31, 2022

   

BlackRock MuniYield Fund, Inc. (MYD)

(Percentages shown are based on Net Assets)

 

Security  

Par

(000)

     Value  

 

  

Florida (continued)

    

Capital Projects Finance Authority, Refunding RB (continued)

    

Series A-1, 5.00%, 10/01/33

   $             455     $          546,836  

Series A-1, 5.00%, 10/01/34

     455       545,531  

Series A-1, 5.00%, 10/01/35

     150       179,417  

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

     2,790       3,043,566  

County of Lee FL Airport Revenue, ARB, Series B, AMT, 5.00%, 10/01/46.

     2,665       3,218,286  

County of Miami-Dade Florida Aviation Revenue, Refunding RB

    

Series A, 4.00%, 10/01/37

     680       779,067  

Series A, 4.00%, 10/01/38

     680       777,409  

Series A, 4.00%, 10/01/39

     505       575,913  

Florida Development Finance Corp., RB

    

Series A, 5.00%, 06/15/40

     455       513,423  

Series A, 5.00%, 06/15/50

     1,510       1,679,250  

Series A, 5.00%, 06/15/55

     905       1,002,970  

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

     2,962       2,696,027  

Sarasota County Florida Utility System Revenue, RB

    

Series A, 5.00%, 10/01/45

     905       1,117,797  

Series A, 5.00%, 10/01/50

     1,360       1,676,419  

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

     3,695       4,378,198  
   

 

 

  
      28,466,935  

Georgia — 2.4%

 

Gainesville & Hall County Hospital Authority, Refunding RB, Series A, (GTD), 5.50%, 02/15/25(b)

     1,075       1,207,264  

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

     1,510       1,417,340  

Main Street Natural Gas, Inc., RB

    

Series A, 5.00%, 05/15/35

     1,040       1,347,984  

Series A, 5.00%, 05/15/36

     1,040       1,363,059  

Series A, 5.00%, 05/15/37

     1,145       1,515,295  

Series A, 5.00%, 05/15/38

     630       841,489  

Series A, 5.00%, 05/15/49

     2,100       2,980,627  

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

     3,290       3,550,726  

Municipal Electric Authority of Georgia, Refunding RB

    

Series A, 4.00%, 01/01/51

     465       523,321  

Sub-Series A, 4.00%, 01/01/49

     1,285       1,402,986  
   

 

 

  
       16,150,091  

Idaho — 1.5%

 

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

     10,000       10,043,270  
   

 

 

  

Illinois — 10.5%

 

Chicago Board of Education, GO

    

Series C, 5.25%, 12/01/35.

     3,095       3,333,498  

Series D, 5.00%, 12/01/46

     4,040       4,326,640  

Series H, 5.00%, 12/01/36

     460       520,883  

Chicago Board of Education, Refunding GO

    

Series C, 5.00%, 12/01/25

     1,365       1,536,018  

Series D, 5.00%, 12/01/25

     1,735       1,952,375  

Series D, 5.00%, 12/01/31

     1,000       1,140,601  

Series F, 5.00%, 12/01/22

     1,305       1,350,554  

Series G, 5.00%, 12/01/34

     455       515,807  
Security  

Par

(000)

     Value  

 

  

Illinois (continued)

    

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

   $          1,960     $        2,236,554  

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

     1,635       1,736,738  

Illinois Finance Authority, RB

    

Series A, 5.00%, 02/15/47

     500       557,622  

Series A, 5.00%, 02/15/50

     270       298,427  

Illinois State Toll Highway Authority, RB

    

Series A, 5.00%, 01/01/45

     2,705       3,296,072  

Series A, 4.00%, 01/01/46

     1,200       1,357,066  

Series A, 5.00%, 01/01/46

     3,135       3,872,035  

Series C, 5.00%, 01/01/37

     5,815       6,395,203  

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

     1,835       2,073,372  

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

     2,830       3,000,626  

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

    

Series B, (AGM), 0.00%, 06/15/43

     10,925       5,675,439  

Series B, (AGM), 0.00%, 06/15/47

     27,225       12,278,774  

State of Illinois, GO

    

5.50%, 07/01/38

     4,000       4,223,220  

5.00%, 02/01/39

     3,195       3,405,116  

Series A, 5.00%, 04/01/38

     2,510       2,613,515  

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

     1,000       1,170,855  

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

     2,045       2,198,911  
   

 

 

  
         71,065,921  

Indiana — 2.1%

 

City of Valparaiso Indiana, RB

    

AMT, 6.75%, 01/01/34.

     1,635       1,791,185  

AMT, 7.00%, 01/01/44

     3,950       4,322,955  

Indiana Finance Authority, RB(b)

    

Series A, AMT, 5.00%, 07/01/23

     3,925       4,144,092  

Series A, AMT, 5.25%, 07/01/23

     840       889,752  

Indiana Housing & Community Development Authority, RB, 3.00%, 07/01/52(c)

     595       633,783  

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

     2,580       2,673,682  
   

 

 

  
      14,455,449  

Iowa — 1.1%

 

Iowa Finance Authority, Refunding RB

    

5.25%, 12/01/25

     940       1,001,636  

Series B, 5.25%, 12/01/50(g)

     5,720       6,134,786  
   

 

 

  
      7,136,422  

Kentucky — 1.2%

 

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

     2,055       2,137,574  

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

     2,625       3,115,757  

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

     2,485       2,968,946  
   

 

 

  
      8,222,277  

Louisiana — 1.9%

 

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

     5,500       6,531,734  
 

 

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

   2

Schedule of Investments (unaudited) (continued)

January 31, 2022

   

BlackRock MuniYield Fund, Inc. (MYD)

(Percentages shown are based on Net Assets)

 

Security  

Par

(000)

     Value  

 

  

Louisiana (continued)

    

Tobacco Settlement Financing Corp., Refunding RB

    

Series A, 5.25%, 05/15/31

   $            635     $ 636,470  

Series A, 5.25%, 05/15/32

     2,240       2,266,004  

Series A, 5.25%, 05/15/33

     2,430       2,457,982  

Series A, 5.25%, 05/15/35

     1,025       1,075,935  
   

 

 

  
           12,968,125  

Maryland — 0.8%

 

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

     1,162       1,164,072  

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

     880       1,037,913  

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

     3,650       3,294,954  
   

 

 

  
      5,496,939  

Massachusetts — 1.8%

 

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

     3,250       4,112,901  

Massachusetts Housing Finance Agency, RB, M/F Housing

    

Series C-1, 3.15%, 12/01/49

     1,165       1,164,265  

Series C-1, 3.25%, 12/01/54

     4,280       4,285,555  

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

     2,325       2,831,718  
   

 

 

  
      12,394,439  

Michigan — 2.7%

 

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

     8,995       9,172,309  

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

     1,710       1,896,494  

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

     1,995       1,843,881  

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

     2,105       2,527,394  

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

     2,255       2,584,000  
   

 

 

  
      18,024,078  

Minnesota — 1.1%

 

Duluth Economic Development Authority, Refunding RB

    

Series A, 4.25%, 02/15/48

     2,160       2,352,011  

Series A, 5.25%, 02/15/53

     4,315       5,039,199  
   

 

 

  
      7,391,210  

Missouri — 2.2%

 

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

     6,030       6,729,974  

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

    

5.50%, 05/01/43

     510       532,143  

Series A, 4.00%, 07/01/46

     1,250       1,412,924  

Series C, 5.00%, 11/15/47

     5,470       6,370,324  
   

 

 

  
      15,045,365  

Nebraska — 0.6%

 

Central Plains Energy Project, RB 5.25%, 09/01/37

     1,670       1,710,361  
Security  

Par

(000)

     Value  

 

  

Nebraska (continued)

    

Central Plains Energy Project, RB (continued) 5.00%, 09/01/42

   $            925     $ 946,021  

Nebraska Investment Finance Authority, RB, 3.00%, 03/01/52(c)

     1,335       1,413,240  
   

 

 

  
      4,069,622  

New Hampshire(a) — 0.7%

    

New Hampshire Business Finance Authority, Refunding RB

    

Series B, 4.63%, 11/01/42

     3,205       3,309,848  

Series C, AMT, 4.88%, 11/01/42

     1,665       1,725,203  
   

 

 

  
      5,035,051  

New Jersey — 13.3%

    

Casino Reinvestment Development Authority, Inc., Refunding RB

    

5.25%, 11/01/39

     3,490       3,750,260  

5.25%, 11/01/44

     3,180       3,392,519  

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

     3,470       3,895,953  

New Jersey Economic Development
Authority, RB

    

4.00%, 11/01/38

     1,075       1,185,195  

4.00%, 11/01/39

     860       946,126  

5.00%, 06/15/49

     4,850       5,664,742  

Series EEE, 5.00%, 06/15/48

     7,780       8,981,496  

Series B, AMT, 6.50%, 04/01/31

     2,155       2,395,541  

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

     3,040       3,440,082  

New Jersey Transportation Trust Fund Authority, RB

    

Series AA, 5.00%, 06/15/44

     3,875       4,065,790  

Series BB, 5.00%, 06/15/50

     10,800       12,459,334  

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

     7,395       4,983,550  

New Jersey Turnpike Authority, RB

    

Series A, 5.00%, 07/01/22(b)

     685       697,251  

Series A, 4.00%, 01/01/42

     1,530       1,750,222  

Series E, 5.00%, 01/01/45

     5,425       5,931,679  

State of New Jersey, GO

    

Series A, 4.00%, 06/01/31

     1,180       1,370,094  

Series A, 3.00%, 06/01/32

     2,715       2,926,588  

Tobacco Settlement Financing Corp., Refunding RB

    

Series A, 5.25%, 06/01/46

     5,120       5,897,810  

Sub-Series B, 5.00%, 06/01/46

     14,860       16,727,174  
   

 

 

  
           90,461,406  

New Mexico — 0.2%

 

New Mexico Mortgage Finance Authority, RB, 3.00%, 03/01/53(c)

     1,000       1,054,485  
   

 

 

  

New York — 15.3%

    

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

     2,330       2,835,405  

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

     4,070       4,094,668  

Metropolitan Transportation Authority, RB

    

Series B, 5.25%, 11/15/38

     4,960       5,353,249  

Series B, 5.25%, 11/15/39

     1,765       1,903,754  

Metropolitan Transportation Authority, Refunding RB

    

Series C-1, 4.75%, 11/15/45

     3,335       3,810,658  

Series C-1, 5.00%, 11/15/50

     1,085       1,246,788  

Series C-1, 5.25%, 11/15/55

     1,605       1,873,979  
 

 

3       

Schedule of Investments (unaudited) (continued)

January 31, 2022

   

BlackRock MuniYield Fund, Inc. (MYD)

(Percentages shown are based on Net Assets)

 

Security  

Par

(000)

     Value  

 

  

New York (continued)

    

Monroe County Industrial Development Corp., Refunding RB

    

4.00%, 12/01/46

   $        1,090     $ 1,214,282  

Series A, 4.00%, 07/01/50

     2,240       2,482,097  

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

    

Series A, 3.00%, 11/01/55

     2,220       2,134,697  

Series F-1, (FHA), 2.40%, 11/01/46

     5,310       4,864,130  

Series F-1, (FHA), 2.50%, 11/01/51

     3,660       3,340,672  

New York City Industrial Development Agency, Refunding RB

    

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

     455       470,955  

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

     455       469,358  

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

     320       328,745  

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

    

Sub-Series E-1, 5.00%, 02/01/42

     4,235       4,249,077  

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

     2,275       2,562,744  

Sub-Series C-1, Subordinate, 4.00%, 05/01/40

     905       1,022,855  

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

     3,500       3,551,993  

New York Liberty Development Corp., Refunding RB

    

Series 1, Class 1, 5.00%, 11/15/44(a)

     8,145       8,762,586  

Series 2, Class 2, 5.15%, 11/15/34(a)

     705       773,871  

Series 2, Class 2, 5.38%, 11/15/40(a)

     1,760       1,936,290  

Series A, 2.88%, 11/15/46

     7,060       6,729,338  

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

     3,750       4,468,061  

New York State Urban Development
Corp., RB

    

Series A, 4.00%, 03/15/49

     16,590       18,456,043  

Series A, 3.00%, 03/15/50

     2,695       2,709,089  

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

     1,525       1,618,617  

New York Transportation Development
Corp., RB

    

AMT, 5.00%, 10/01/35

     750       897,184  

AMT, 5.00%, 10/01/40

     2,120       2,507,216  

Triborough Bridge & Tunnel Authority, RB

    

Series A, 4.00%, 11/15/54

     2,065       2,326,662  

Series A, 5.00%, 11/15/54

     1,770       2,146,544  

Series A, 5.00%, 11/15/56

     1,850       2,267,354  

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

     421       451,125  
   

 

 

  
         103,860,086  

North Carolina — 1.3%

 

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

     4,300       4,455,299  

North Carolina Medical Care
Commission, RB

    

Series A, 4.00%, 10/01/40

     240       261,086  

Series A, 5.00%, 10/01/40

     360       419,363  

Series A, 4.00%, 10/01/45

     220       237,412  

Series A, 5.00%, 10/01/45

     640       740,806  

Series A, 4.00%, 10/01/50

     270       292,437  

Series A, 5.00%, 10/01/50

     720       824,285  

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

     1,130       1,556,555  
   

 

 

  
      8,787,243  
Security  

Par

(000)

     Value  

 

  

North Dakota — 0.4%

    

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

   $        2,000     $ 2,329,384  
   

 

 

  

Ohio — 4.6%

    

Buckeye Tobacco Settlement Financing Authority, Refunding RB

    

Series A-2, Class 1, 4.00%, 06/01/37

     610       682,224  

Series A-2, Class 1, 4.00%, 06/01/38

     610       680,156  

Series A-2, Class 1, 4.00%, 06/01/39

     610       679,008  

Series A-2, Class 1, 4.00%, 06/01/48

     1,605       1,735,971  

Series B-2, Class 2, 5.00%, 06/01/55

     7,005       7,673,067  

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

     4,160       4,316,732  

County of Franklin Ohio, RB

    

Series 2017, 5.00%, 12/01/46

     840       981,223  

Series A, 6.13%, 07/01/22(b)

     1,380       1,412,972  

Series A, 4.00%, 12/01/49

     1,060       1,187,526  

County of Hamilton Ohio, Refunding RB

    

4.00%, 08/15/50

     1,245       1,381,691  

Series A, 3.75%, 08/15/50

     2,190       2,353,735  

County of Montgomery Ohio, Refunding RB, 4.00%, 08/01/46

     1,915       2,148,393  

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

     645       716,817  

Ohio Housing Finance Agency, Refunding RB, 3.25%, 09/01/52(c)

     3,470       3,709,215  

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

     1,685       1,820,796  
   

 

 

  
           31,479,526  

Oklahoma — 1.8%

 

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

     2,460       2,933,100  

Oklahoma Turnpike Authority, RB

    

Series A, 4.00%, 01/01/48

     4,320       4,815,543  

Series C, 4.00%, 01/01/42

     4,115       4,575,501  
   

 

 

  
      12,324,144  

Oregon — 0.7%

 

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

     3,755       4,471,356  
   

 

 

  

Pennsylvania — 4.5%

    

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

     5,250       5,295,444  

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

     1,325       1,351,658  

Montgomery County Higher Education and Health Authority, Refunding RB

    

Series A, 5.00%, 09/01/43

     2,610       3,017,262  

Series A, 4.00%, 09/01/49

     1,185       1,255,910  

Montgomery County, Refunding RB, 4.00%, 05/01/52

     4,450       4,843,287  

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

     1,765       1,962,962  

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

     3,210       3,360,344  

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

     4,875       5,395,713  
 

 

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

   4

Schedule of Investments (unaudited) (continued)

January 31, 2022

   

BlackRock MuniYield Fund, Inc. (MYD)

(Percentages shown are based on Net Assets)

 

Security  

Par

(000)

     Value  

 

  

Pennsylvania (continued)

    

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

   $        2,305     $ 2,525,328  

School District of Philadelphia, GO, Series A, (SAW), 4.00%, 09/01/46

     1,415       1,579,308  
   

 

 

  
      30,587,216  

Puerto Rico — 5.9%

 

Children’s Trust Fund, Refunding RB

    

5.50%, 05/15/39

     1,430       1,469,675  

5.63%, 05/15/43

     1,430       1,458,949  

Puerto Rico Commonwealth Aqueduct & Sewer Authority, Refunding RB

    

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

     5,165       5,258,771  

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

     1,470       1,497,148  

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

    

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

     3,817       4,176,420  

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

     14,706       16,362,190  

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

     6,236       6,847,377  

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

    

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

     8,495       2,747,461  

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

     1,547       360,889  
   

 

 

  
      40,178,880  

Rhode Island — 3.1%

 

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

     4,155       623,250  

Rhode Island Housing and Mortgage Finance Corp., 3.00%, 10/01/51(c)

     1,195       1,256,382  

Tobacco Settlement Financing Corp.,
Refunding RB

    

Series B, 4.50%, 06/01/45

     8,215       8,715,277  

Series B, 5.00%, 06/01/50

     9,875       10,727,450  
   

 

 

  
      21,322,359  

South Carolina — 4.0%

 

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

     6,455       7,479,841  

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

     8,090       8,804,299  

South Carolina Public Service Authority, Refunding RB

    

Series A, 5.00%, 12/01/50

     5,000       5,499,935  

Series E, 5.25%, 12/01/55

     4,550       5,115,292  
   

 

 

  
      26,899,367  

Tennessee — 1.1%

 

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

     2,855       2,975,844  

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

     330       359,827  

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

     1,440       1,624,314  

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

     2,025       2,314,579  
   

 

 

  
      7,274,564  

Texas — 6.0%

 

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

     4,525       5,013,999  
Security  

Par

(000)

     Value  

 

  

Texas (continued)

    

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

   $             725     $ 752,989  

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

     3,600       3,901,658  

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

     1,765       1,871,147  

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

     2,440       2,916,600  

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

     1,525       1,624,805  

Harris County Cultural Education Facilities Finance Corp., RB

    

Series B, 7.00%, 01/01/23(b)

     485       512,896  

Series B, 6.38%, 01/01/33

     460       478,236  

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

     4,110       2,110,259  

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

     1,910       2,101,105  

Port Authority of Houston of Harris County Texas, ARB, 4.00%, 10/01/46

     2,000       2,318,412  

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

     2,695       3,193,015  

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

     9,585       11,286,654  

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

     2,435       2,760,231  
   

 

 

  
      40,842,006  

Utah — 1.0%

 

County of Utah, RB

    

Series A, 4.00%, 05/15/43

     450       510,760  

Series A, 3.00%, 05/15/50

     2,065       2,108,978  

Salt Lake City Corp. Airport Revenue, ARB

    

Series A, AMT, 5.00%, 07/01/47

     1,920       2,190,215  

Series A, AMT, 5.00%, 07/01/48

     1,845       2,135,556  
   

 

 

  
      6,945,509  

Vermont — 1.2%

 

Vermont Educational & Health Buildings Financing Agency, Refunding RB

    

5.00%, 11/01/49

     3,640       4,394,797  

4.00%, 11/01/50

     3,275       3,693,316  
   

 

 

  
             8,088,113  

Virginia — 1.1%

 

Virginia Small Business Financing Authority, Refunding RB

    

AMT, Senior Lien, 5.25%, 01/01/32

     3,270       3,332,866  

AMT, Senior Lien, 6.00%, 01/01/37

     3,900       3,976,732  
   

 

 

  
      7,309,598  

Washington — 1.6%

 

Port of Seattle Washington, ARB

    

Series A, AMT, 5.00%, 05/01/43

     3,120       3,566,138  

Series C, AMT, 5.00%, 04/01/40

     1,565       1,704,002  

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

     4,745       4,969,286  

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

     715       781,729  
   

 

 

  
      11,021,155  
 

 

5       

Schedule of Investments (unaudited) (continued)

January 31, 2022

   

BlackRock MuniYield Fund, Inc. (MYD)

(Percentages shown are based on Net Assets)

 

Security  

Par

(000)

     Value  

 

  

West Virginia — 0.5%

    

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

   $        3,050     $        3,440,748  
   

 

 

  

Wisconsin(a) — 0.2%

    

Public Finance Authority, RB

    

Series A, 5.00%, 07/15/39

     190       208,492  

Series A, 5.00%, 07/15/49

     720       778,206  

Series A, 5.00%, 07/15/54

     345       371,599  
   

 

 

  
      1,358,297  
   

 

 

  

Total Municipal Bonds — 125.2%

 

(Cost: $788,765,202)

       849,334,642  
   

 

 

  

Municipal Bonds Transferred to Tender Option Bond Trusts(i)

 

California — 3.3%

    

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

     6,496       7,051,561  

California Health Facilities Financing Authority, Refunding RB, 4.00%, 08/15/48

     2,790       3,158,300  

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

     6,494       7,468,927  

San Diego County Regional Airport Authority, ARB(j)

    

Series B, AMT, Subordinate,
4.00%, 07/01/56

     1,216       1,319,320  

Series B, AMT, Subordinate,
5.00%, 07/01/56

     2,686       3,162,022  
   

 

 

  
      22,160,130  

Colorado — 2.1%

 

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

     4,775       5,674,720  

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

     7,820       8,345,154  
   

 

 

  
      14,019,874  

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       10,983,600  

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

     3,779       4,127,641  
   

 

 

  
      15,111,241  

Georgia — 1.5%

 

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

     6,660       7,224,247  

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

     3,037       3,158,669  
   

 

 

  
      10,382,916  

Illinois — 0.5%

 

Illinois Finance Authority, Refunding RB

    

Series C, 4.00%, 02/15/27(b)

     6       6,342  

Series C, 4.00%, 02/15/41

     2,994       3,278,675  
   

 

 

  
      3,285,017  

Massachusetts — 0.7%

 

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

     4,333       4,625,017  
   

 

 

  
Security  

Par

(000)

     Value  

 

  

New Jersey — 2.2%

    

New Jersey Health Care Facilities Financing Authority, RB, 4.00%, 07/01/51

   $        13,080     $      14,747,962  
   

 

 

  

New York — 6.6%

    

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

     2,760       3,065,787  

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

     12,580       13,893,783  

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

     6,065       6,651,229  

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

     13,980       15,349,924  

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

     5,400       6,093,826  
   

 

 

  
      45,054,549  

North Carolina — 0.9%

 

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

     5,290       6,000,108  
   

 

 

  

Ohio — 0.7%

    

Ohio State University, RB, 4.00%, 12/01/48

     4,322       5,002,042  
   

 

 

  

Pennsylvania — 0.8%

    

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

     4,877       5,705,586  
   

 

 

  

Rhode Island — 0.5%

    

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

     3,272       3,338,815  
   

 

 

  

Texas — 5.6%

    

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

     6,243       6,367,406  

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

     5,060       5,270,944  

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

     4,335       4,367,971  

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

     5,700       5,778,962  

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

     14,560       16,489,542  
   

 

 

  
      38,274,825  

Virginia — 2.4%

 

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

     4,496       5,046,867  

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

     10,097       11,217,722  
   

 

 

  
      16,264,589  
 

 

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

   6

Schedule of Investments (unaudited) (continued)

January 31, 2022

   

BlackRock MuniYield Fund, Inc. (MYD)

(Percentages shown are based on Net Assets

 

Security  

Par

(000)

     Value  

 

  

Wisconsin — 2.0%

    

Wisconsin Health & Educational Facilities Authority, Refunding RB

    

4.00%, 12/01/46

   $          5,950     $ 6,345,912  

4.00%, 12/15/49(j)

     6,200       6,846,517  
   

 

 

  
      13,192,429  
   

 

 

  

Total Municipal Bonds Transferred to Tender Option Bond Trusts — 32.0%

    

(Cost: $209,676,555)

       217,165,100  
   

 

 

  

Total Long-Term Investments — 157.2%

    

(Cost: $998,441,757)

       1,066,499,742  
   

 

 

  
    Shares        

 

  

Short-Term Securities

    

Money Market Funds — 0.9%

    

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

     6,201,135       6,201,135  
   

 

 

  

Total Short-Term Securities — 0.9%

    

(Cost: $6,201,737)

       6,201,135  
   

 

 

  

Total Investments — 158.1%

    

(Cost: $1,004,643,494)

       1,072,700,877  

Liabilities in Excess of Other
Assets — (1.5)%

       (9,719,370 ) 

Liability for TOB Trust Certificates, Including Interest Expense and Fees Payable — (19.6)%

       (133,312,637 ) 

VRDP Shares at Liquidation Value, Net of Deferred Offering Costs — (37.0)%

       (251,091,985 ) 
   

 

 

  

Net Assets Applicable to Common Shares — 100.0%

     $ 678,576,885  
   

 

 

  

 

 

  (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) 

When-issued security.

 
  (d) 

Zero-coupon bond.

 
  (e) 

Issuer filed for bankruptcy and/or is in default.

 
  (f) 

Non-income producing security.

 
  (g) 

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

 
  (h) 

Step 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.

 
  (i) 

Represent bonds transferred to a TOB Trust in exchange of cash and residual certificates received by the Fund. These bonds serve as collateral in a secured borrowing.

 
  (j) 

All or a portion of the security is subject to a recourse agreement. The aggregate maximum potential amount the Fund could ultimately be required to pay under the agreements, which expire between April 1, 2025 to July 1, 2029, is $17,329,263.

 
  (k) 

Affiliate of the Fund.

 
  (l) 

Annualized 7-day yield as of period end.

 
 

 

Affiliates

Investments in issuers considered to be affiliate(s) of the Fund during the period ended January 31, 2022 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

01/31/22

     

Shares

Held at

01/31/22

      Income     

Capital Gain

Distributions

from

Underlying

Funds

  

BlackRock Liquidity Funds, MuniCash, Institutional Class

    $ 650,459      $ 5,552,027 (a)     $ —      $ (749 )     $ (602 )     $ 6,201,135        6,201,135      $ 426      $ —  
           

 

 

     

 

 

     

 

 

        

 

 

     

 

 

  

 

  (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

      97        03/22/22      $ 12,413      $ 339,367  

U.S. Long Bond

      64        03/22/22        9,954        518,237  

5-Year U.S. Treasury Note

      57        03/31/22        6,795        129,308  
           

 

 

  
            $ 986,912  
           

 

 

  

 

7       

Schedule of Investments (unaudited) (continued)

January 31, 2022

    BlackRock MuniYield Fund, Inc. (MYD)

 

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

    $ —      $ 849,334,642      $ —      $ 849,334,642  

Municipal Bonds Transferred to Tender Option Bond Trusts

      —        217,165,100        —        217,165,100  

Short-Term Securities

            

Money Market Funds

      6,201,135        —        —        6,201,135  
  

 

 

     

 

 

     

 

 

     

 

 

  
   $ 6,201,135      $ 1,066,499,742      $ —      $ 1,072,700,877  
  

 

 

     

 

 

     

 

 

     

 

 

  

Derivative Financial Instruments(a)

            

Assets

            

Interest Rate Contracts

    $ 986,912      $ —      $ —      $ 986,912  
  

 

 

     

 

 

     

 

 

     

 

 

  

 

  (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

      $ —        $ (133,278,301 )     $ —        $ (133,278,301 ) 

VRDP Shares at Liquidation Value

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

 

 

       

 

 

     

 

 

       

 

 

  
     $ —        $ (384,678,301 )     $ —        $ (384,678,301 ) 
    

 

 

       

 

 

     

 

 

       

 

 

  

 

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

 

Portfolio Abbreviation (continued)

 

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
 

 

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

   8

Schedule of Investments (unaudited) (continued)

January 31, 2022

    BlackRock MuniYield Fund, Inc. (MYD)

 

Portfolio Abbreviation (continued)

 

SAW    State Aid Withholding
TA    Tax Allocation

 

9