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 | ||||||||
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 | ||||||||
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 | ||||||||
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 | ||||||||
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 | ||||||||
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 | ||||||||
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 | ||||||||
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., | ||||||||
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, | 1,216 | 1,319,320 | ||||||
Series B, AMT, Subordinate, | 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 | (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 | ||||||||||||
|
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| $ | 986,912 | |||||||||||||||
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| 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 | ||||||||||||
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| $ | 6,201,135 | $ | 1,066,499,742 | $ | — | $ | 1,072,700,877 | |||||||||
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Derivative Financial Instruments(a) | ||||||||||||||||
Assets | ||||||||||||||||
Interest Rate Contracts | $ | 986,912 | $ | — | $ | — | $ | 986,912 | ||||||||
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| (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 | ) | ||||||||||
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| $ | — | $ | (384,678,301 | ) | $ | — | $ | (384,678,301 | ) | |||||||
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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 |