UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM N-Q

 

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY

 

Investment Company Act file number 811-06414

 

Name of Fund: BlackRock MuniYield Fund, Inc. (MYD)

 

Fund Address: 100 Bellevue Parkway, Wilmington, DE 19809

 

Name and address of agent for service: John M. Perlowski, Chief Executive Officer, BlackRock MuniYield Fund, Inc., 55 East 52nd Street, New York, NY 10055

 

Registrant’s telephone number, including area code: (800) 882-0052, Option 4

 

Date of fiscal year end: 04/30/2012

 

Date of reporting period: 07/31/2011

 

Item 1 – Schedule of Investments

 

 

 

 

Schedule of Investments July 31, 2011 (Unaudited)

BlackRock MuniYield Fund, Inc. (MYD)

 

(Percentages shown are based on Net Assets)

 

 

 

 

 

 

 

 

Municipal Bonds

 

Par
(000)

 

Value

 

Alabama — 0.8%

 

 

 

 

 

 

 

County of Jefferson Alabama, RB,
Series A, 5.50%, 1/01/22

 

$

5,250

 

$

4,755,083

 

Alaska — 0.7%

 

 

 

 

 

 

 

Northern Tobacco Securitization Corp.,
RB, Asset-Backed, Series A, 5.00%,
6/01/46

 

 

6,450

 

 

4,256,936

 

Arizona — 10.1%

 

 

 

 

 

 

 

Arizona State Transportation Board, RB,
Sub-Series A:

 

 

 

 

 

 

 

5.00%, 7/01/22

 

 

7,030

 

 

7,608,991

 

5.00%, 7/01/23

 

 

5,240

 

 

5,670,780

 

Maricopa County IDA Arizona, RB, Arizona
Charter Schools Project, Series A, 6.75%,
7/01/29

 

 

3,300

 

 

2,204,169

 

Maricopa County IDA Arizona, Refunding RB,
Series A-1 (Ginnie Mae):

 

 

 

 

 

 

 

6.00%, 10/20/31

 

 

1,230

 

 

1,281,242

 

6.05%, 10/20/36

 

 

1,230

 

 

1,252,755

 

Phoenix IDA Arizona, Refunding RB, America
West Airlines Inc. Project, AMT:

 

 

 

 

 

 

 

6.25%, 6/01/19

 

 

3,000

 

 

2,645,580

 

6.30%, 4/01/23

 

 

5,090

 

 

4,327,314

 

Pima County IDA, IDRB, Tucson Electric
Power, Series A, 6.38%, 9/01/29

 

 

3,000

 

 

3,019,080

 

Pima County IDA, Refunding IDRB, Tucson
Electric Power, 5.75%, 9/01/29

 

 

2,240

 

 

2,267,126

 

Pima County IDA, Refunding RB, Charter
Schools II, Series A, 6.75%, 7/01/31

 

 

720

 

 

698,134

 

Salt River Project Agricultural Improvement
& Power District, RB, Series A, 5.00%,
1/01/38

 

 

3,975

 

 

4,064,636

 

Salt Verde Financial Corp., RB, Senior:

 

 

 

 

 

 

 

5.00%, 12/01/32

 

 

7,365

 

 

6,665,178

 

5.00%, 12/01/37

 

 

14,190

 

 

12,700,902

 

Vistancia Community Facilities District
Arizona, GO:

 

 

 

 

 

 

 

5.50%, 7/15/20

 

 

3,000

 

 

3,184,740

 

5.75%, 7/15/24

 

 

2,125

 

 

2,225,831

 

 

 

 

 

 

 

 

 

Municipal Bonds

 

Par
(000)

 

Value

 

Arizona (concluded)

 

 

 

 

 

 

 

Yavapai County IDA Arizona, RB, Yavapai
Regional Medical Center, Series A,
6.00%, 8/01/33

 

$

3,900

 

$

3,857,724

 

 

 

 

 

 

 

63,674,182

 

Arkansas — 0.5%

 

 

 

 

 

 

 

County of Little River Arkansas,
Refunding RB, Georgia-Pacific Corp.
Project, AMT, 5.60%, 10/01/26

 

 

3,385

 

 

3,277,222

 

California — 12.9%

 

 

 

 

 

 

 

California Health Facilities Financing
Authority, Refunding RB:

 

 

 

 

 

 

 

Catholic Healthcare West,
Series A, 6.00%, 7/01/34

 

 

3,155

 

 

3,319,123

 

St. Joseph Health System,
Series A, 5.75%, 7/01/39

 

 

4,425

 

 

4,475,224

 

Sutter Health, Series B,
6.00%, 8/15/42

 

 

6,465

 

 

6,887,035

 

California State Public Works Board, RB,
Various Capital Projects,
Sub-Series I-1, 6.38%, 11/01/34

 

 

2,385

 

 

2,532,298

 

California Statewide Communities
Development Authority, RB, John Muir
Health, 5.13%, 7/01/39

 

 

4,375

 

 

4,190,156

 

Los Angeles Department of Airports, RB,
Series A, 5.25%, 5/15/39

 

 

1,605

 

 

1,652,444

 

Los Angeles Department of Airports,
Refunding RB, Senior, Los Angeles
International Airport, Series A, 5.00%,
5/15/40

 

 

11,970

 

 

12,139,256

 

San Francisco City & County Public
Utilities Commission, RB, Series B,
5.00%, 11/01/39

 

 

19,075

 

 

19,318,206

 

State of California, GO:

 

 

 

 

 

 

 

(AMBAC), 5.00%, 4/01/31

 

 

10

 

 

10,009

 

Various Purpose, 5.25%, 11/01/25

 

 

1,350

 

 

1,409,994

 

Various Purpose, 6.00%, 3/01/33

 

 

5,085

 

 

5,555,006

 

Various Purpose, 6.50%, 4/01/33

 

 

14,075

 

 

15,757,244

 

 

Portfolio Abbreviations

To simplify the listings of portfolio holdings in the Schedule of Investments, the names and descriptions of many of the securities have been abbreviated according to the following list:

 

 

ACA

ACA Financial Guaranty Corp.

AGC

Assured Guaranty Corp.

AGM

Assured Guaranty Municipal Corp.

AMBAC

American Municipal Bond Assurance Corp.

AMT

Alternative Minimum Tax (subject to)

CAB

Capital Appreciation Bonds

EDA

Economic Development Authority

EDC

Economic Development Corp.

ERB

Education Revenue Bonds

FHA

Federal Housing Administration

GO

General Obligation Bonds

HDA

Housing Development Authority

HFA

Housing Finance Agency

HRB

Housing Revenue Bonds

IDA

Industrial Development Authority

IDRB

Industrial Development Revenue Bonds

MRB

Mortgage Revenue Bonds

NPFGC

National Public Finance Guarantee Corp.

RB

Revenue Bonds

Radian

Radian Group, Inc.

SAN

State Aid Notes

S/F

Single-Family

SO

Special Obligation

 

 

 

 

 

 

 

 

 

BLACKROCK MUNIYIELD FUND, INC.

JULY 31, 2011

1


 

 

 

Schedule of Investments (continued)

BlackRock MuniYield Fund, Inc. (MYD)

 

(Percentages shown are based on Net Assets)


 

 

 

 

 

 

 

 

Municipal Bonds

 

Par
(000)

 

Value

 

California (concluded)

 

 

 

 

 

 

 

University of California, RB, Limited Project,
Series B, 4.75%, 5/15/38

 

$

4,435

 

$

4,196,885

 

 

 

 

 

 

 

81,442,880

 

Colorado — 3.5%

 

 

 

 

 

 

 

City & County of Denver Colorado, RB,
Series D, AMT (AMBAC), 7.75%,
11/15/13

 

 

3,990

 

 

4,319,374

 

Colorado Health Facilities Authority,
Refunding RB, Sisters of Leavenworth,
Series A, 5.00%, 1/01/40

 

 

4,435

 

 

4,291,084

 

Colorado Housing & Finance Authority,
Refunding RB, S/F Program, Senior
Series D-2, AMT, 6.90%, 4/01/29

 

 

130

 

 

138,492

 

Plaza Metropolitan District No. 1 Colorado,
Tax Allocation Bonds:

 

 

 

 

 

 

 

Public Improvement Fee, Tax
Increment, 8.00%, 12/01/25

 

 

6,850

 

 

6,860,412

 

Subordinate Public
Improvement Fee, Tax
Increment, 8.13%, 12/01/25

 

 

1,885

 

 

1,729,073

 

University of Colorado, RB, Series A:

 

 

 

 

 

 

 

5.25%, 6/01/30

 

 

2,250

 

 

2,403,180

 

5.38%, 6/01/32

 

 

1,250

 

 

1,332,550

 

5.38%, 6/01/38

 

 

830

 

 

867,989

 

 

 

 

 

 

 

21,942,154

 

Connecticut — 1.6%

 

 

 

 

 

 

 

Connecticut State Health & Educational
Facility Authority, RB:

 

 

 

 

 

 

 

Ascension Health Senior
Credit, 5.00%, 11/15/40

 

 

2,770

 

 

2,796,010

 

Wesleyan University,
5.00%, 7/01/35

 

 

2,225

 

 

2,309,239

 

Wesleyan University,
5.00%, 7/01/39

 

 

5,000

 

 

5,152,200

 

 

 

 

 

 

 

10,257,449

 

Delaware — 1.6%

 

 

 

 

 

 

 

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

 

 

2,305

 

 

2,322,864

 

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

 

 

8,275

 

 

7,463,802

 

 

 

 

 

 

 

9,786,666

 

District Of Columbia — 1.8%

 

 

 

 

 

 

 

Metropolitan Washington Airports
Authority, RB:

 

 

 

 

 

 

 

CAB, Second Senior Lien, Series B
(AGC), 7.00%, 10/01/31 (a)

 

 

8,820

 

 

2,533,721

 

CAB, Second Senior Lien, Series B
(AGC), 7.03%, 10/01/32 (a)

 

 

15,000

 

 

4,025,850

 

CAB, Second Senior Lien, Series B
(AGC), 7.05%, 10/01/33 (a)

 

 

13,410

 

 

3,360,546

 

First Senior Lien, Series A, 5.25%,
10/01/44

 

 

1,500

 

 

1,507,800

 

 

 

 

 

 

 

11,427,917

 

 

 

 

 

 

 

 

 

Municipal Bonds

 

Par
(000)

 

Value

 

Florida — 8.5%

 

 

 

 

 

 

 

City of Clearwater Florida, RB, Series A,
5.25%, 12/01/39

 

$

3,435

 

$

3,530,459

 

County of Broward Florida, RB, Series A,
5.25%, 10/01/34

 

 

2,155

 

 

2,263,784

 

County of Miami-Dade Florida, RB, Water &
Sewer System,
5.00%, 10/01/34

 

 

11,450

 

 

11,643,047

 

County of Miami-Dade Florida, Refunding
RB, Miami International Airport,
Series A-1, 5.38%, 10/01/41

 

 

7,530

 

 

7,575,481

 

Greater Orlando Aviation Authority Florida,
RB, Special Purpose, JetBlue Airways
Corp., AMT, 6.50%, 11/15/36

 

 

2,500

 

 

2,385,100

 

Hillsborough County IDA, RB, AMT, National
Gypsum Co.:

 

 

 

 

 

 

 

Series A, 7.13%, 4/01/30

 

 

11,500

 

 

10,457,870

 

Series B, 7.13%, 4/01/30

 

 

5,000

 

 

4,546,900

 

Mid-Bay Bridge Authority, RB, Series A,
7.25%, 10/01/40

 

 

4,615

 

 

4,699,316

 

Midtown Miami Community Development
District, Special Assessment Bonds,
Series B, 6.50%, 5/01/37

 

 

5,170

 

 

5,118,352

 

Santa Rosa Bay Bridge Authority, RB,
6.25%, 7/01/28 (b)(c)

 

 

4,620

 

 

1,593,900

 

 

 

 

 

 

 

53,814,209

 

Georgia — 1.9%

 

 

 

 

 

 

 

DeKalb Private Hospital Authority,
Refunding RB, Children’s Healthcare,
5.25%, 11/15/39

 

 

1,700

 

 

1,724,973

 

Metropolitan Atlanta Rapid Transit
Authority, RB, Third Series, 5.00%,
7/01/39

 

 

6,945

 

 

6,934,305

 

Private Colleges & Universities Authority,
Refunding RB, Emory University, Series C,
5.00%, 9/01/38

 

 

2,960

 

 

3,039,831

 

 

 

 

 

 

 

11,699,109

 

Guam — 0.7%

 

 

 

 

 

 

 

Territory of Guam, GO, Series A:

 

 

 

 

 

 

 

6.00%, 11/15/19

 

 

1,270

 

 

1,261,440

 

6.75%, 11/15/29

 

 

1,815

 

 

1,846,999

 

7.00%, 11/15/39

 

 

1,200

 

 

1,238,004

 

 

 

 

 

 

 

4,346,443

 

Hawaii — 0.5%

 

 

 

 

 

 

 

State of Hawaii, Refunding RB, Series A,
5.25%, 7/01/30

 

 

2,760

 

 

2,855,248

 

Idaho — 1.6%

 

 

 

 

 

 

 

Power County Industrial Development
Corp., RB, FMC Corp. Project, AMT,
6.45%, 8/01/32

 

 

10,000

 

 

10,006,800

 

Illinois — 8.0%

 

 

 

 

 

 

 

Bolingbrook Special Service Area No. 1,
Special Tax Bonds, Forest City Project,
5.90%, 3/01/27

 

 

1,000

 

 

813,930

 

 

 

 

 


2


BLACKROCK MUNIYIELD FUND, INC.


JULY 31, 2011

 


 

 

 

Schedule of Investments (continued)

BlackRock MuniYield Fund, Inc. (MYD)

 

(Percentages shown are based on Net Assets)

 

 

 

 

 

 

 

 

Municipal Bonds

 

Par
(000)

 

Value

 

Illinois (concluded)

 

 

 

 

 

 

 

City of Chicago Illinois, RB, General,
Third Lien:

 

 

 

 

 

 

 

Series A, 5.63%, 1/01/35

 

$

4,200

 

$

4,363,170

 

Series A, 5.75%, 1/01/39

 

 

3,500

 

 

3,652,390

 

Series C, 6.50%, 1/01/41

 

 

11,920

 

 

13,118,079

 

Illinois Finance Authority, RB, Navistar
International, Recovery Zone, 6.50%,
10/15/40

 

 

3,130

 

 

3,216,857

 

Illinois Finance Authority, Refunding RB:

 

 

 

 

 

 

 

Central DuPage Health, Series B,
5.50%, 11/01/39

 

 

3,235

 

 

3,281,843

 

Friendship Village Schaumburg,
Series A, 5.63%, 2/15/37

 

 

875

 

 

694,540

 

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

 

 

 

 

 

 

 

CAB, Series B, 6.25%, 6/15/46 (a)

 

 

11,405

 

 

1,241,776

 

CAB, Series B, 6.25%, 6/15/47 (a)

 

 

27,225

 

 

2,772,050

 

Series B, 5.00%, 6/15/50

 

 

6,405

 

 

5,883,377

 

Series B-2, 5.00%, 6/15/50

 

 

5,085

 

 

4,670,878

 

Railsplitter Tobacco Settlement
Authority, RB:

 

 

 

 

 

 

 

5.50%, 6/01/23

 

 

2,730

 

 

2,828,416

 

6.00%, 6/01/28

 

 

2,335

 

 

2,404,700

 

State of Illinois, RB, Build Illinois,
Series B, 5.25%, 6/15/34

 

 

1,275

 

 

1,293,806

 

 

 

 

 

 

 

50,235,812

 

Indiana — 1.7%

 

 

 

 

 

 

 

Indiana Finance Authority, RB, Sisters of
St. Francis Health, 5.25%, 11/01/39

 

 

1,690

 

 

1,697,723

 

Indiana Finance Authority, Refunding
RB, Parkview Health System, Series A,
5.75%, 5/01/31

 

 

6,645

 

 

6,883,821

 

Indiana Municipal Power Agency, RB,
Series B, 6.00%, 1/01/39

 

 

2,230

 

 

2,366,766

 

 

 

 

 

 

 

10,948,310

 

Kansas — 1.3%

 

 

 

 

 

 

 

Kansas Development Finance Authority,
Refunding RB:

 

 

 

 

 

 

 

Adventist Health,
5.75%, 11/15/38

 

 

4,380

 

 

4,652,349

 

Sisters of Leavenworth,
Series A, 5.00%, 1/01/40

 

 

3,365

 

 

3,394,780

 

 

 

 

 

 

 

8,047,129

 

Kentucky — 0.4%

 

 

 

 

 

 

 

Kentucky Economic Development
Finance Authority, Refunding RB,
Series A:

 

 

 

 

 

 

 

Norton, 6.63%, 10/01/28

 

 

650

 

 

651,196

 

 

 

 

 

 

 

 

 

Municipal Bonds

 

Par
(000)

 

Value

 

Kentucky (concluded)

 

 

 

 

 

 

 

Kentucky Economic Development
Finance Authority, Refunding RB,
Series A (concluded):

 

 

 

 

 

 

 

Owensboro Medical Health
System, 6.38%, 6/01/40

 

$

2,040

 

$

2,079,086

 

 

 

 

 

 

 

2,730,282

 

Louisiana — 4.0%

 

 

 

 

 

 

 

East Baton Rouge Sewerage
Commission, RB, Series A,
5.25%, 2/01/39

 

 

1,610

 

 

1,661,343

 

Louisiana Local Government
Environmental Facilities & Community
Development Authority, RB, Westlake
Chemical Corp. Projects,
6.75%, 11/01/32

 

 

9,000

 

 

9,399,060

 

New Orleans Aviation Board, Refunding
RB, Passenger Facility Charge,
Series A, 5.25%, 1/01/41

 

 

1,260

 

 

1,259,949

 

Port of New Orleans Louisiana,
Refunding RB, Continental Grain Co.
Project, 6.50%, 1/01/17

 

 

13,000

 

 

13,001,430

 

 

 

 

 

 

 

25,321,782

 

Maine — 0.5%

 

 

 

 

 

 

 

Maine Health & Higher Educational
Facilities Authority, RB, Series A,
5.00%, 7/01/39

 

 

3,140

 

 

3,150,048

 

Maryland — 1.0%

 

 

 

 

 

 

 

County of Prince George’s Maryland, SO,
National Harbor Project,
5.20%, 7/01/34

 

 

1,500

 

 

1,326,015

 

Maryland Community Development
Administration, Refunding RB,
Residential, Series A, AMT,
4.65%, 9/01/32

 

 

95

 

 

89,512

 

Maryland EDC, RB, Transportation
Facilities Project, Series A,
5.75%, 6/01/35

 

 

880

 

 

862,374

 

Maryland EDC, Refunding RB, CNX
Marine Terminals, Inc.,
5.75%, 9/01/25

 

 

1,690

 

 

1,667,455

 

Maryland Industrial Development
Financing Authority, RB, Our Lady of
Good Counsel School, Series A,
6.00%, 5/01/35

 

 

500

 

 

497,440

 

Maryland State Energy Financing
Administration, RB, Cogeneration, AES
Warrior Run, AMT, 7.40%, 9/01/19

 

 

1,560

 

 

1,563,307

 

 

 

 

 

 

 

6,006,103

 

Massachusetts — 1.6%

 

 

 

 

 

 

 

Massachusetts Bay Transportation
Authority, Refunding RB, Senior
Series A-1, 5.25%, 7/01/29

 

 

3,250

 

 

3,752,483

 

 

 

 

 

 

 

 

 

 

BLACKROCK MUNIYIELD FUND, INC.

JULY 31, 2011

3


 

 

 

Schedule of Investments (continued)

BlackRock MuniYield Fund, Inc. (MYD)

 

(Percentages shown are based on Net Assets)

 

 

 

 

 

 

 

 

Municipal Bonds

 

Par
(000)

 

Value

 

Massachusetts (concluded)

 

 

 

 

 

 

 

Massachusetts Development Finance
Agency, RB, Seven Hills Foundation &
Affiliates (Radian), 5.00%, 9/01/35

 

$

3,500

 

$

2,828,840

 

Massachusetts Health & Educational
Facilities Authority, Refunding RB,
Partners Healthcare, Series J1,
5.00%, 7/01/39

 

 

3,640

 

 

3,651,648

 

 

 

 

 

 

 

10,232,971

 

Michigan — 3.3%

 

 

 

 

 

 

 

City of Detroit Michigan, RB, Senior Lien,
Series B (AGM), 7.50%, 7/01/33

 

 

1,835

 

 

2,163,520

 

Kalamazoo Hospital Finance Authority,
Refunding RB, Bronson Methodist
Hospital, 5.50%, 5/15/36

 

 

2,795

 

 

2,787,258

 

Michigan State Hospital Finance
Authority, Refunding RB, Hospital,
Henry Ford Health, 5.75%, 11/15/39

 

 

6,085

 

 

6,050,741

 

Michigan State University, Refunding
RB, General, Series C, 4.25%,
8/15/32

 

 

0.00a

 

 

0.00

 

Royal Oak Hospital Finance Authority
Michigan, Refunding RB, William
Beaumont Hospital:

 

 

 

 

 

 

 

8.00%, 9/01/29

 

 

2,000

 

 

2,311,680

 

8.25%, 9/01/39

 

 

6,365

 

 

7,348,329

 

 

 

 

 

 

 

20,661,528

 

Minnesota — 0.5%

 

 

 

 

 

 

 

City of Eden Prairie Minnesota, RB,
Rolling Hills Project, Series A (Ginnie
Mae):

 

 

 

 

 

 

 

6.00%, 8/20/21

 

 

420

 

 

441,558

 

6.20%, 2/20/43

 

 

2,000

 

 

2,101,300

 

City of Minneapolis Minnesota, HRB,
Gaar Scott Loft Project, Mandatory Put
Bonds, AMT, 5.95%, 5/01/30 (d)

 

 

865

 

 

866,367

 

 

 

 

 

 

 

3,409,225

 

Mississippi — 0.00%

 

 

 

 

 

 

 

University of Southern Mississippi, RB,
Campus Facilities Improvements
Project, 5.38%, 9/01/36

 

 

280

 

 

291,438

 

New Hampshire — 0.5%

 

 

 

 

 

 

 

New Hampshire Health & Education
Facilities Authority, Refunding RB,
Elliot Hospital, Series B,
5.60%, 10/01/22

 

 

3,090

 

 

3,211,159

 

New Jersey — 8.1%

 

 

 

 

 

 

 

New Jersey EDA, RB:

 

 

 

 

 

 

 

Cigarette Tax, 5.50%, 6/15/24

 

 

9,715

 

 

9,556,063

 

 

 

 

 

 

 

 

 

Municipal Bonds

 

Par
(000)

 

Value

 

New Jersey (concluded)

 

 

 

 

 

 

 

New Jersey EDA, RB (concluded):

 

 

 

 

 

 

 

Continental Airlines Inc.
Project, AMT, 6.25%, 9/15/19

 

$

3,905

 

$

3,876,493

 

Continental Airlines Inc.
Project, AMT, 6.25%, 9/15/29

 

 

11,000

 

 

10,500,490

 

First Mortgage, Lions Gate
Project, Series A, 5.75%,
1/01/25

 

 

710

 

 

650,850

 

First Mortgage, Lions Gate
Project, Series A,
5.88%, 1/01/37

 

 

230

 

 

197,036

 

First Mortgage, Presbyterian
Homes, Series A,
6.38%, 11/01/31

 

 

3,000

 

 

2,610,780

 

Motor Vehicle Surcharge,
Series A (NPFGC),
5.00%, 7/01/29

 

 

16,650

 

 

17,021,295

 

New Jersey Health Care Facilities
Financing Authority, RB, Pascack
Valley Hospital Association (b)(c):

 

 

 

 

 

 

 

6.00%, 7/01/13

 

 

1,335

 

 

13

 

6.63%, 7/01/36

 

 

1,835

 

 

18

 

New Jersey Transportation Trust Fund
Authority, RB:

 

 

 

 

 

 

 

CAB, Transportation System,
Series C (AMBAC),
5.05%, 12/15/35 (a)

 

 

13,110

 

 

2,774,994

 

Transportation System,
Series A, 5.50%, 6/15/41

 

 

3,630

 

 

3,790,047

 

 

 

 

 

 

 

50,978,079

 

New York — 5.1%

 

 

 

 

 

 

 

Dutchess County Industrial
Development Agency New York,
Refunding RB, St. Francis Hospital,
Series A, 7.50%, 3/01/29

 

 

2,100

 

 

2,054,346

 

Metropolitan Transportation Authority,
Refunding RB:

 

 

 

 

 

 

 

Series B, 5.00%, 11/15/34

 

 

4,910

 

 

5,037,022

 

Transportation, Series D,
5.25%, 11/15/40

 

 

2,465

 

 

2,495,541

 

New York City Industrial Development
Agency, RB, British Airways Plc
Project, AMT, 7.63%, 12/01/32

 

 

1,250

 

 

1,265,100

 

New York Liberty Development Corp.,
Refunding RB, Second Priority, Bank
of America Tower at One Bryant Park
Project, 6.38%, 7/15/49

 

 

2,480

 

 

2,550,854

 

Port Authority of New York & New
Jersey, RB, JFK International Air
Terminal:

 

 

 

 

 

 

 

6.00%, 12/01/36

 

 

2,625

 

 

2,667,131

 

6.00%, 12/01/42

 

 

2,555

 

 

2,584,791

 

Triborough Bridge & Tunnel Authority,
RB, Subordinate Bonds, 5.25%,
11/15/30

 

 

10,000

 

 

10,231,100

 

 

 

 

 


4


BLACKROCK MUNIYIELD FUND, INC.


JULY 31, 2011

 


 

 

 

 

Schedule of Investments (continued)

BlackRock MuniYield Fund, Inc. (MYD)
 (Percentages shown are based on Net Assets)

 

 

 

 

 

 

 

 

Municipal Bonds

 

Par
(000)

 

Value

 

New York (concluded)

 

 

 

 

 

 

 

Westchester County Industrial
Development Agency New York, MRB,
Kendal on Hudson Project, Series A,
6.38%, 1/01/24

 

$

3,450

 

$

3,424,401

 

 

 

 

 

 

 

32,310,286

 

North Carolina — 1.2%

 

 

 

 

 

 

 

North Carolina HFA, RB:

 

 

 

 

 

 

 

Home Ownership, Series 8A,
AMT, 6.20%, 7/01/16

 

 

80

 

 

80,148

 

S/F, Series II (FHA),
6.20%, 3/01/16

 

 

465

 

 

466,427

 

North Carolina Medical Care
Commission, RB, Duke University
Health System, Series A, 5.00%,
6/01/42

 

 

2,805

 

 

2,828,338

 

North Carolina Medical Care
Commission, Refunding RB, First
Mortgage, Presbyterian Homes,
5.40%, 10/01/27

 

 

5,000

 

 

4,463,300

 

 

 

 

 

 

 

7,838,213

 

Ohio — 1.1%

 

 

 

 

 

 

 

County of Lucas Ohio, Refunding RB,
Sunset Retirement, Series A, 6.63%,
8/15/30

 

 

2,175

 

 

2,176,001

 

County of Montgomery Ohio, Refunding
RB, Catholic Healthcare, Series A,
5.00%, 5/01/39

 

 

2,840

 

 

2,827,106

 

Toledo-Lucas County Port Authority, RB,
St. Mary Woods Project, Series A:

 

 

 

 

 

 

 

6.00%, 5/15/24

 

 

750

 

 

405,000

 

6.00%, 5/15/34

 

 

2,250

 

 

1,215,000

 

 

 

 

 

 

 

6,623,107

 

Pennsylvania — 2.6%

 

 

 

 

 

 

 

Allegheny County Hospital Development
Authority, Refunding RB, Health
System, West Penn, Series A, 5.38%,
11/15/40

 

 

5,490

 

 

4,616,321

 

Montgomery County Higher Education &
Health Authority, Refunding RB,
Abington Memorial Hospital, Series A,
5.13%, 6/01/33

 

 

2,265

 

 

2,211,048

 

Pennsylvania Economic Development
Financing Authority, RB:

 

 

 

 

 

 

 

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

 

 

3,805

 

 

3,864,092

 

National Gypsum Co., Series A,
AMT, 6.25%, 11/01/27

 

 

5,270

 

 

4,409,145

 

Philadelphia Authority for Industrial
Development, RB, Commercial
Development, AMT, 7.75%, 12/01/17

 

 

1,265

 

 

1,265,949

 

 

 

 

 

 

 

16,366,555

 

Puerto Rico — 2.6%

 

 

 

 

 

 

 

Puerto Rico Sales Tax Financing Corp.,
RB, First Sub-Series A,
6.50%, 8/01/44

 

 

10,120

 

 

10,938,202

 

 

 

 

 

 

 

 

 

Municipal Bonds

 

Par
(000)

 

Value

 

Puerto Rico (concluded)

 

 

 

 

 

 

 

Puerto Rico Sales Tax Financing Corp.,
Refunding RB, CAB (a):

 

 

 

 

 

 

 

First Sub-Series C,
6.58%, 8/01/38

 

$

23,695

 

$

3,903,988

 

Series A (AMBAC),
6.45%, 8/01/47

 

 

14,900

 

 

1,378,846

 

 

 

 

 

 

 

16,221,036

 

Rhode Island — 0.9%

 

 

 

 

 

 

 

Central Falls Detention Facility Corp.,
Refunding RB, 7.25%, 7/15/35

 

 

4,240

 

 

3,453,819

 

City of Woonsocket Rhode Island,
GO (NPFGC):

 

 

 

 

 

 

 

6.00%, 10/01/17

 

 

1,200

 

 

1,193,172

 

6.00%, 10/01/18

 

 

1,195

 

 

1,187,340

 

 

 

 

 

 

 

5,834,331

 

South Carolina — 1.1%

 

 

 

 

 

 

 

South Carolina State Ports Authority, RB,
5.25%, 7/01/40

 

 

6,695

 

 

6,814,037

 

Tennessee — 0.5%

 

 

 

 

 

 

 

Hardeman County Correctional Facilities
Corp. Tennessee, RB, 7.75%, 8/01/17

 

 

2,870

 

 

2,869,483

 

Texas — 15.6%

 

 

 

 

 

 

 

Alliance Airport Authority Texas,
Refunding RB, American Airlines Inc.
Project, AMT, 5.75%, 12/01/29

 

 

3,500

 

 

2,493,225

 

Bexar County Housing Finance Corp.,
RB, Waters at Northern Hills
Apartments, Series A (NPFGC):

 

 

 

 

 

 

 

6.00%, 8/01/31

 

 

805

 

 

713,512

 

6.05%, 8/01/36

 

 

1,000

 

 

870,620

 

Brazos River Authority, Refunding RB,
TXU Electric Co. Project, Series C,
Mandatory Put Bonds, AMT, 5.75%,
5/01/36 (d)

 

 

4,580

 

 

4,508,048

 

Central Texas Regional Mobility
Authority, RB, Senior Lien, 6.25%,
1/01/46

 

 

4,365

 

 

4,349,417

 

City of Dallas Texas, Refunding RB,
5.00%, 10/01/35

 

 

3,060

 

 

3,220,772

 

City of Houston Texas, RB:

 

 

 

 

 

 

 

Refunding Sub Lien, Series A,
AMT, 5.00%, 7/01/21

 

 

6,240

 

 

6,581,827

 

Senior Lien, Series A,
5.50%, 7/01/39

 

 

3,100

 

 

3,202,424

 

Special Facilities, Continental
Airlines, Series E, AMT,
7.38%, 7/01/22

 

 

3,500

 

 

3,518,200

 

Special Facilities, Continental
Airlines, Series E, AMT,
7.00%, 7/01/29

 

 

3,000

 

 

3,005,190

 

Dallas-Fort Worth International Airport
Facilities Improvement Corp.,
Refunding RB, American Airlines Inc.
Project, AMT, 5.50%, 11/01/30

 

 

12,500

 

 

8,550,875

 

 

 

 

 

 

 

 

 

 

BLACKROCK MUNIYIELD FUND, INC.

JULY 31, 2011

5


 

 

 

 

Schedule of Investments (continued)

BlackRock MuniYield Fund, Inc. (MYD)
 (Percentages shown are based on Net Assets)

 

 

 

 

 

 

 

 

Municipal Bonds

 

Par
(000)

 

Value

 

Texas (concluded)

 

 

 

 

 

 

 

Gulf Coast IDA, RB, Citgo Petroleum
Corp. Project, Mandatory Put Bonds,
AMT, 7.50%, 5/01/25 (d)

 

$

3,900

 

$

3,931,005

 

Houston Industrial Development Corp.,
RB, Senior, Air Cargo, AMT, 6.38%,
1/01/23

 

 

1,620

 

 

1,520,597

 

La Vernia Higher Education Finance
Corp., RB, KIPP Inc., 6.38%, 8/15/44

 

 

2,360

 

 

2,421,785

 

Matagorda County Navigation District
No. 1 Texas, Refunding RB, Central
Power & Light Co. Project, Series A,
6.30%, 11/01/29

 

 

4,320

 

 

4,557,686

 

North Texas Tollway Authority, RB:

 

 

 

 

 

 

 

CAB, Special Projects System,
Series B, 7.55%, 9/01/37 (a)

 

 

4,110

 

 

737,457

 

Toll, 2nd Tier, Series F,
6.13%, 1/01/31

 

 

12,140

 

 

12,534,429

 

San Antonio Energy Acquisition Public
Facility Corp., RB, Gas Supply,
5.50%, 8/01/25

 

 

6,365

 

 

6,553,277

 

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

 

 

 

 

 

 

 

LBJ Infrastructure Group LLC,
LBJ Freeway Managed Lanes
Project, 7.00%, 6/30/40

 

 

8,730

 

 

9,282,260

 

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

 

 

7,820

 

 

8,240,247

 

Texas State Public Finance Authority,
Refunding ERB, KIPP Inc., Series A
(ACA), 5.00%, 2/15/36

 

 

1,000

 

 

871,200

 

Texas State Turnpike Authority, RB,
First Tier, Series A (AMBAC),
5.50%, 8/15/39

 

 

6,500

 

 

6,453,850

 

 

 

 

 

 

 

98,117,903

 

U.S. Virgin Islands — 0.9%

 

 

 

 

 

 

 

Virgin Islands Public Finance Authority,
RB, Senior Secured, Hovensa
Refinery, AMT, 6.13%, 7/01/22

 

 

6,250

 

 

5,953,438

 

Utah — 1.2%

 

 

 

 

 

 

 

City of Riverton Utah, RB, IHC Health
Services Inc., 5.00%, 8/15/41

 

 

7,310

 

 

7,314,605

 

Virginia — 1.4%

 

 

 

 

 

 

 

James City County EDA, RB, First
Mortgage, Williamsburg Lodge,
Series A:

 

 

 

 

 

 

 

5.35%, 9/01/26

 

 

1,500

 

 

1,350,270

 

5.50%, 9/01/34

 

 

2,000

 

 

1,705,340

 

Virginia HDA, RB, Sub-Series H-1
(NPFGC), 5.35%, 7/01/31

 

 

4,550

 

 

4,551,684

 

Winchester IDA Virginia, RB,
Westminster-Canterbury, Series A,
5.20%, 1/01/27

 

 

1,000

 

 

987,440

 

 

 

 

 

 

 

8,594,734

 

 

 

 

 

 

 

 

 

Municipal Bonds

 

Par
(000)

 

Value

 

Washington — 1.0%

 

 

 

 

 

 

 

Vancouver Housing Authority
Washington, HRB, Teal Pointe
Apartments Project, AMT:

 

 

 

 

 

 

 

6.00%, 9/01/22

 

$

945

 

$

870,827

 

6.20%, 9/01/32

 

 

1,250

 

 

1,070,875

 

Washington Health Care Facilities
Authority, RB, Swedish Health
Services, Series A, 6.75%, 11/15/41

 

 

4,045

 

 

4,328,635

 

 

 

 

 

 

 

6,270,337

 

Wisconsin — 4.3%

 

 

 

 

 

 

 

City of Milwaukee Wisconsin, RB, Senior,
Air Cargo, AMT, 6.50%, 1/01/25

 

 

600

 

 

566,904

 

State of Wisconsin, Refunding RB,
Series A, 6.00%, 5/01/36

 

 

14,300

 

 

15,572,843

 

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

 

 

4,970

 

 

5,016,668

 

Wisconsin Health & Educational Facilities
Authority, Refunding RB, Franciscan
Sisters Healthcare, 5.00%, 9/01/26

 

 

6,470

 

 

6,121,850

 

 

 

 

 

 

 

27,278,265

 

Wyoming — 1.1%

 

 

 

 

 

 

 

County of Sweetwater Wyoming,
Refunding RB, Idaho Power Co.
Project, 5.25%, 7/15/26

 

 

6,195

 

 

6,561,868

 

Wyoming Municipal Power Agency, RB,
Series A, 5.00%, 1/01/42

 

 

595

 

 

600,117

 

 

 

 

 

 

 

7,161,985

 

Total Municipal Bonds – 118.0%

 

 

 

 

 

744,334,479

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Municipal Bonds Transferred to Tender
Option Bond (TOB) Trusts (e)

 

 

 

 

 

 

 

Alabama — 0.7%

 

 

 

 

 

 

 

Alabama Special Care Facilities
Financing Authority-Birmingham,
Refunding RB, Ascension Health
Senior Credit, Series C-2,
5.00%, 11/15/36

 

 

4,538

 

 

4,562,997

 

California — 3.1%

 

 

 

 

 

 

 

Bay Area Toll Authority, Refunding RB,
San Francisco Bay Area, Series F-1,
5.63%, 4/01/44

 

 

6,581

 

 

6,934,320

 

California Educational Facilities
Authority, RB, University of Southern
California, Series B, 5.25%, 10/01/39

 

 

5,310

 

 

5,561,428

 

Los Angeles Community College District
California, GO, Election of 2001,
Series A (AGM), 5.00%, 8/01/32

 

 

4,650

 

 

4,766,250

 

 

 

 

 


6


BLACKROCK MUNIYIELD FUND, INC.


JULY 31, 2011

 

 

 

 

 

Schedule of Investments (continued)

BlackRock MuniYield Fund, Inc. (MYD)
 (Percentages shown are based on Net Assets)

 

 

 

 

 

 

 

 

Municipal Bonds Transferred to Tender
Option Bond (TOB) Trusts (e)

 

Par
(000)

 

Value

 

California (concluded)

 

 

 

 

 

 

 

San Diego Community College District
California, GO, Election of 2002,
5.25%, 8/01/33

 

$

2,154

 

$

2,268,643

 

 

 

 

 

 

 

19,530,641

 

Colorado — 2.6%

 

 

 

 

 

 

 

Colorado Health Facilities Authority, RB
(AGM), Catholic Health:

 

 

 

 

 

 

 

Series C-3, 5.10%, 10/01/41

 

 

7,490

 

 

7,443,787

 

Series C-7, 5.00%, 9/01/36

 

 

4,800

 

 

4,772,592

 

Colorado Health Facilities Authority,
Refunding RB, Catholic Healthcare,
Series A, 5.50%, 7/01/34

 

 

4,299

 

 

4,435,039

 

 

 

 

 

 

 

16,651,418

 

Connecticut — 3.0%

 

 

 

 

 

 

 

Connecticut State Health & Educational
Facility Authority, RB,
Yale University:

 

 

 

 

 

 

 

Series T-1, 4.70%, 7/01/29

 

 

9,130

 

 

9,611,334

 

Series X-3, 4.85%, 7/01/37

 

 

9,270

 

 

9,428,980

 

 

 

 

 

 

 

19,040,314

 

Georgia — 1.0%

 

 

 

 

 

 

 

Private Colleges & Universities Authority,
Refunding RB, Emory University,
Series C, 5.00%, 9/01/38

 

 

6,398

 

 

6,570,467

 

New Hampshire — 0.7%

 

 

 

 

 

 

 

New Hampshire Health & Education
Facilities Authority, Refunding RB,
Dartmouth College, 5.25%,
6/01/39

 

 

4,048

 

 

4,287,654

 

New York — 3.3%

 

 

 

 

 

 

 

New York City Municipal Water Finance
Authority, RB, Series FF-2, 5.50%,
6/15/40

 

 

3,194

 

 

3,416,997

 

New York State Dormitory Authority,
ERB, Series F, 5.00%,
3/15/35

 

 

16,723

 

 

17,043,506

 

 

 

 

 

 

 

20,460,503

 

North Carolina — 3.6%

 

 

 

 

 

 

 

North Carolina Capital Facilities Finance
Agency, Refunding RB:

 

 

 

 

 

 

 

Duke University Project,
Series A, 5.00%, 10/01/41

 

 

18,897

 

 

19,354,309

 

Wake Forest University,
5.00%, 1/01/38

 

 

3,120

 

 

3,209,481

 

 

 

 

 

 

 

22,563,790

 

 

 

 

 

 

 

 

 

Municipal Bonds Transferred to Tender
Option Bond (TOB) Trusts (e)

 

Par
(000)

 

Value

 

Ohio — 4.6%

 

 

 

 

 

 

 

State of Ohio, Refunding RB, Cleveland
Clinic Health, Series A,
5.50%, 1/01/39

 

$

27,900

 

$

28,877,337

 

South Carolina — 2.9%

 

 

 

 

 

 

 

Charleston Educational Excellence
Finance Corp., RB, Charleston County
School (AGC):

 

 

 

 

 

 

 

5.25%, 12/01/28

 

 

7,795

 

 

8,153,882

 

5.25%, 12/01/29

 

 

6,920

 

 

7,213,408

 

5.25%, 12/01/30

 

 

2,510

 

 

2,609,371

 

 

 

 

 

 

 

17,976,661

 

Tennessee — 1.8%

 

 

 

 

 

 

 

Shelby County Health Educational &
Housing Facilities Board, Refunding
RB, St. Jude’s Children’s Research
Hospital, 5.00%, 7/01/31

 

 

11,240

 

 

11,525,159

 

Virginia — 8.7%

 

 

 

 

 

 

 

Fairfax County IDA Virginia, Refunding
RB, Health Care, Inova Health System,
Series A, 5.50%, 5/15/35

 

 

6,266

 

 

6,502,247

 

University of Virginia, Refunding RB,
General, 5.00%, 6/01/40

 

 

10,620

 

 

11,023,985

 

Virginia HDA, RB, Sub-Series H-1
(NPFGC), 5.38%, 7/01/36

 

 

30,930

 

 

30,946,702

 

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

 

 

6,075

 

 

6,173,475

 

 

 

 

 

 

 

54,646,409

 

Washington — 0.9%

 

 

 

 

 

 

 

Central Puget Sound Regional Transit
Authority, RB, Series A (AGM), 5.00%,
11/01/32

 

 

5,384

 

 

5,573,468

 

Wisconsin — 1.8%

 

 

 

 

 

 

 

Wisconsin Health & Educational
Facilities Authority, Refunding RB,
Froedtert & Community Health Inc.,
5.25%, 4/01/39

 

 

11,458

 

 

11,499,634

 

Total Municipal Bonds Transferred to
Tender Option Bond (TOB) Trusts –
38.7%

 

 

 

 

 

243,766,452

 

Total Long-Term Investments
(Cost – $979,094,723) – 156.7%

 

 

 

 

 

988,100,931

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Short-Term Securities

 

Shares

 

 

 

 

FFI Institutional Tax-Exempt Fund,
0.01% (f)(g)

 

 

3,007,165

 

 

3,007,165

 

 

 

 

 

 

 

 

 

 

BLACKROCK MUNIYIELD FUND, INC.

JULY 31, 2011

7


 

 

 

 

Schedule of Investments (concluded)

BlackRock MuniYield Fund, Inc. (MYD)
 (Percentages shown are based on Net Assets)

 

 

 

 

 

 

 

 

 

 

Par
(000)

 

Value

 

Michigan Finance Authority, RB, SAN,
Detroit School, Series A-1, 6.45%,
2/02/12

 

$

6,640

 

$

6,753,876

 

Total Short-Term Securities
(Cost – $9,647,165) – 1.6%

 

 

 

 

 

9,761,041

 

Total Investments
(Cost – $988,741,888*) – 158.3%

 

 

 

 

 

997,861,972

 

Other Assets Less Liabilities – 1.5%

 

 

 

 

 

9,235,000

 

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

 

 

 

 

 

(125,133,785

)

Preferred Shares, at Redemption Value– (40.0)%

 

 

 

 

 

(251,403,573

)

Net Assets Applicable to Common Shares –100.0%

 

 

 

 

$

630,559,614

 

 

 

 

*

The cost and unrealized appreciation (depreciation) of investments as of July 31, 2011, as computed for federal income tax purposes, were as follows:

 

 

 

 

 

 

 

 

Aggregate cost

 

 

 

 

$

862,208,699

 

Gross unrealized appreciation

 

 

 

 

$

32,554,336

 

Gross unrealized depreciation

 

 

 

 

 

(21,981,410

)

Net unrealized appreciation

 

 

 

 

$

10,572,926

 

 

 

(a)

Represents a zero-coupon bond. Rate shown reflects the current yield as of report date.

 

(b)

Issuer filed for bankruptcy and/or is in default of interest payments.

 

(c)

Non-income producing security.

 

(d)

Variable rate security. Rate shown is as of report date.

 

(e)

Securities represent bonds transferred to a TOB in exchange for which the Fund acquired residual interest certificates. These securities serve as collateral in a financing transaction.

 

(f)

Investments in companies considered to be an affiliate of the Fund during the period. For purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Affiliate

 

Shares
Held at
April 30, 2011

 

Net
Activity

 

Shares
Held at
July 31, 2011

 

Income

 

FFI Institutional Tax-Exempt Fund

 

 

16,277,332

 

 

(13,270,167

)

 

3,007,165

 

$

1,572

 

 

 

(g)

Represents the current yield as of report date.

 

•

Financial futures contracts sold as of July 31, 2011 were as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Contracts

 

Issue

 

Exchange

 

Expiration

 

Notional
Value

 

Unrealized
Depreciation

 

219

 

 

10-Year
U.S.
Treasury
Note

 

 

Chicago
Board of
Trade

 

 

September
2011

 

$

26,852,748

 

$

(672,815

)

 

 

•

Fair Value Measurements - Various inputs are used in determining the fair value of investments and derivative financial instruments. These inputs are categorized in three broad levels for financial reporting purposes as follows:

 

 

 

 

•

Level 1 — price quotations in active markets/exchanges for identical assets and liabilities

 

 

 

 

•

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

 

 

 

 

•

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

The categorization of a value determined for investments and derivative financial instruments is based on the pricing transparency of the investment and derivative financial instrument and does not necessarily correspond to the Fund’s perceived risk of investing in those securities. For information about the Fund’s policy regarding valuation of investments and derivative financial instruments and other significant accounting policies, please refer to the Fund’s most recent financial statements as contained in its annual report.

The following tables summarize the inputs used as of July 31, 2011 in determining the fair valuation of the Fund’s investments and derivative financial instruments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Valuation Inputs

 

Level 1

 

Level 2

 

Level 3

 

Total

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

Investments:

 

 

 

 

 

 

 

 

 

 

 

 

 

Long-Term Investments1

 

 

—

 

$

988,100,931

 

 

—

 

$

988,100,931

 

Short-Term Securities

 

$

3,007,165

 

 

6,753,876

 

 

—

 

 

9,761,041

 

Total

 

$

3,007,165

 

$

994,854,807

 

 

—

 

$

997,861,972

 

 

 

1

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Valuation Inputs

 

Level 1

 

Level 2

 

Level 3

 

Total

 

Derivative Financial Instruments2

 

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate contracts

 

$

(672,815

)

 

—

 

 

—

 

$

(672,815

)

 

 

2

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

 

 

 

 


8


BLACKROCK MUNIYIELD FUND, INC.


JULY 31, 2011

 

Item 2 –

Controls and Procedures

 

 

2(a) –

The registrant’s principal executive and principal financial officers, or persons performing similar functions, have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the “1940 Act”)) are effective as of a date within 90 days of the filing of this report based on the evaluation of these controls and procedures required by Rule 30a-3(b) under the 1940 Act and Rule 13a-15(b) under the Securities Exchange Act of 1934, as amended.

 

 

2(b) –

There were no changes in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act) that occurred during the registrant’s last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrant’s internal control over financial reporting.

 

 

Item 3 –

Exhibits

 

 

 

Certifications – Attached hereto

 

 

 

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

 

 

BlackRock MuniYield Fund, Inc.
   
  By: /s/ John M. Perlowski  
    John M. Perlowski
    Chief Executive Officer (principal executive officer) of
    BlackRock MuniYield Fund, Inc.
   
  Date: September 26, 2011
   
  Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
   
  By: /s/ John M. Perlowski  
    John M. Perlowski
    Chief Executive Officer (principal executive officer) of
    BlackRock MuniYield Fund, Inc.
   
  Date: September 26, 2011
   
  By: /s/ Neal J. Andrews  
    Neal J. Andrews
    Chief Financial Officer (principal financial officer) of
    BlackRock MuniYield Fund, Inc.
     
  Date: September 26, 2011