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: Anne F. Ackerley, 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: 04/30/2010

 

Date of reporting period: 01/31/2010

 

Item 1 – Schedule of Investments

  

 

 

 

Schedule of Investments January 31, 2010 (Unaudited)

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

 

 

 

 

 

 

 

 

Municipal Bonds

 

Par
(000)

 

Value

 

Alabama — 1.2%

 

 

 

 

 

 

 

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

 

$

5,250

 

$

4,463,340

 

Tuscaloosa Special Care Facilities
Financing Authority, RB, Capstone
Village, Series A, 5.63%,
8/01/25 (a)(b)

 

 

2,200

 

 

678,590

 

Tuscaloosa Special Care Facilities
Financing Authority, RB, Capstone
Village, Series A, 5.88%,
8/01/36 (a)(b)

 

 

6,425

 

 

1,981,727

 

 

 

 

 

 

 

 

 

 

 

 

7,123,657

 

Arizona — 12.4%

 

 

 

 

 

 

 

Arizona State Transportation Board, RB,
Sub-Series A, 5.00%, 7/01/21

 

 

5,825

 

 

6,343,542

 

Arizona State Transportation Board, RB,
Sub-Series A, 5.00%, 7/01/22

 

 

7,030

 

 

7,562,733

 

Arizona State Transportation Board, RB,
Sub-Series A, 5.00%, 7/01/23

 

 

5,240

 

 

5,616,494

 

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

 

 

3,300

 

 

2,256,243

 

Maricopa County IDA Arizona, Refunding
RB, Series A-1 (GNMA), 6.00%,
10/20/31

 

 

5,000

 

 

5,250,100

 

Maricopa County IDA Arizona, Refunding
RB, Series A-1 (GNMA), 6.05%,
10/20/36

 

 

5,000

 

 

5,103,400

 

Phoenix IDA Arizona, Refunding RB,
America West Airlines Inc. Project,
AMT, 6.25%, 6/01/19

 

 

3,000

 

 

2,139,720

 

Phoenix IDA Arizona, Refunding RB,
America West Airlines Inc. Project,
AMT, 6.30%, 4/01/23

 

 

5,090

 

 

3,398,135

 

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

 

 

3,000

 

 

3,048,780

 

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

 

 

2,240

 

 

2,262,960

 

 

 

 

 

 

 

 

 

Municipal Bonds

 

Par
(000)

 

Value

 

Arizona (concluded)

 

 

 

 

 

 

 

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

 

$

755

 

$

693,158

 

Pima County IDA, Refunding RB, Tucson
Electric Power Co., San Juan, Series A,
4.95%, 10/01/20

 

 

3,285

 

 

3,252,577

 

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

 

 

3,975

 

 

4,090,076

 

Salt Verde Financial Corp., RB, Senior,
5.00%, 12/01/32

 

 

10,020

 

 

8,804,674

 

Salt Verde Financial Corp., RB, Senior,
5.00%, 12/01/37

 

 

7,900

 

 

6,723,532

 

Vistancia Community Facilities District
Arizona, GO, 5.50%, 7/15/20

 

 

3,000

 

 

2,930,070

 

Vistancia Community Facilities District
Arizona, GO, 5.75%, 7/15/24

 

 

2,125

 

 

2,070,048

 

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

 

 

3,900

 

 

3,908,502

 

 

 

 

 

 

 

 

 

 

 

 

75,454,744

 

California — 13.0%

 

 

 

 

 

 

 

California Health Facilities Financing
Authority, RB, Cedars-Sinai Medical
Center, 5.00%, 8/15/39

 

 

1,700

 

 

1,569,542

 

California Health Facilities Financing
Authority, Refunding RB, Catholic
Healthcare West, Series A, 6.00%,
7/01/34

 

 

3,155

 

 

3,297,953

 

California Health Facilities Financing
Authority, Refunding RB, St. Joseph
Health System, Series A, 5.75%,
7/01/39

 

 

4,425

 

 

4,557,750

 

California State Public Works Board, RB,
Department of Mental Health,
Coalinga, Series A, 5.13%, 6/01/29

 

 

4,500

 

 

4,124,790

 

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

 

 

2,385

 

 

2,424,519

 

 

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:

 

 

 

AGC

 

Assured Guaranty Corp.

AGM

 

Assured Guaranty Municipal Corp.

AMBAC

 

American Municipal Bond Assurance Corp.

AMT

 

Alternative Minimum Tax (subject to)

ARS

 

Auction Rate Securities

CAB

 

Capital Appreciation Bonds

EDA

 

Economic Development Authority

EDC

 

Economic Development Corp.

ERB

 

Education Revenue Bonds

FHA

 

Federal Housing Administration

FSA

 

Financial Security Assurance Inc.

GNMA

 

Government National Mortgage Association

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

S/F

 

Single-Family

SO

 

Special Obligation

 

 

 

BLACKROCK MUNIYIELD FUND, INC.

JANUARY 31, 2010

1


 

 

 

 

Schedule of Investments (continued)

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

 

 

 

 

 

 

 

 

Municipal Bonds

 

Par
(000)

 

Value

 

California (concluded)

 

 

 

 

 

 

 

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

 

$

4,375

 

$

4,155,244

 

Golden State Tobacco Securitization
Corp. California, RB, ARS, Asset-
Backed, Series A-4, 7.80%,
6/01/13 (c)

 

 

7,500

 

 

9,041,400

 

Golden State Tobacco Securitization
Corp. California, Refunding RB, Asset-
Backed, Senior Series A-1, 5.13%,
6/01/47

 

 

2,090

 

 

1,436,164

 

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

 

 

1,605

 

 

1,608,852

 

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

 

 

19,075

 

 

19,457,454

 

State of California, GO (AMBAC), 5.00%,
4/01/31

 

 

10

 

 

9,179

 

State of California, GO, Various Purpose,
5.25%, 11/01/25

 

 

5,000

 

 

5,036,800

 

State of California, GO, Various Purpose,
5.00%, 6/01/32

 

 

7,685

 

 

7,000,497

 

State of California, GO, Various Purpose,
6.50%, 4/01/33

 

 

14,075

 

 

15,035,056

 

 

 

 

 

 

 

 

 

 

 

 

78,755,200

 

Colorado — 4.6%

 

 

 

 

 

 

 

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

 

 

5,065

 

 

5,629,393

 

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

 

 

195

 

 

210,194

 

Elk Valley Public Improvement Corp., RB,
Public Improvement Fee, Series A,
7.10%, 9/01/14

 

 

700

 

 

715,099

 

Elk Valley Public Improvement Corp., RB,
Public Improvement Fee, Series A,
7.35%, 9/01/31

 

 

5,065

 

 

4,622,066

 

Platte River Power Authority Colorado,
RB, Series HH, 5.00%, 6/01/26

 

 

2,500

 

 

2,693,100

 

Platte River Power Authority Colorado,
RB, Series HH, 5.00%, 6/01/27

 

 

1,130

 

 

1,210,004

 

Plaza Metropolitan District No. 1
Colorado, Tax Allocation Bonds, Public
Improvement Fee, Tax Increment,
8.00%, 12/01/25

 

 

6,850

 

 

6,752,319

 

Plaza Metropolitan District No. 1
Colorado, Tax Allocation Bonds,
Subordinate Public Improvement Fee,
Tax Increment, 8.13%, 12/01/25

 

 

1,885

 

 

1,767,885

 

University of Colorado, RB, Series A,
5.25%, 6/01/30

 

 

2,250

 

 

2,398,590

 

University of Colorado, RB, Series A,
5.38%, 6/01/32

 

 

1,250

 

 

1,330,613

 

University of Colorado, RB, Series A,
5.38%, 6/01/38

 

 

830

 

 

873,824

 

 

 

 

 

 

 

 

 

 

 

 

28,203,087

 

 

 

 

 

 

 

 

 

Municipal Bonds

 

Par
(000)

 

Value

 

Connecticut — 0.0%

 

 

 

 

 

 

 

Connecticut State Development
Authority, RB, AFCO Cargo BDL LLC
Project, AMT, 7.35%, 4/01/10

 

$

125

 

$

124,711

 

District of Columbia — 1.8%

 

 

 

 

 

 

 

Metropolitan Washington Airports
Authority, RB, CAB, Second Senior
Lien, Series B (AGC), 7.00%,
10/01/31 (d)

 

 

10,000

 

 

2,662,600

 

Metropolitan Washington Airports
Authority, RB, CAB, Second Senior
Lien, Series B (AGC), 7.03%,
10/01/32 (d)

 

 

15,000

 

 

3,675,600

 

Metropolitan Washington Airports
Authority, RB, CAB, Second Senior
Lien, Series B (AGC), 7.05%,
10/01/33 (d)

 

 

13,410

 

 

2,990,832

 

Metropolitan Washington Airports
Authority, RB, First Senior Lien,
Series A, 5.25%, 10/01/44

 

 

1,500

 

 

1,544,610

 

 

 

 

 

 

 

 

 

 

 

 

10,873,642

 

Florida — 6.6%

 

 

 

 

 

 

 

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

 

 

3,435

 

 

3,519,639

 

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

 

 

2,155

 

 

2,222,990

 

County of Lee Florida, RB (AMBAC),
5.00%, 10/01/22

 

 

4,705

 

 

4,847,373

 

County of Miami-Dade Florida, RB,
Miami International Airport, Series A,
AMT (AGC), 5.25%, 10/01/38

 

 

5,150

 

 

5,074,501

 

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

 

 

2,340

 

 

2,316,951

 

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

 

 

2,500

 

 

2,169,025

 

Hillsborough County IDA, RB, National
Gypsum Co., Series A, AMT, 7.13%,
4/01/30

 

 

11,500

 

 

8,855,345

 

Hillsborough County IDA, RB, National
Gypsum Co., Series B, AMT, 7.13%,
4/01/30

 

 

5,000

 

 

3,850,150

 

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

 

 

5,330

 

 

4,677,981

 

Santa Rosa Bay Bridge Authority, RB,
6.25%, 7/01/28

 

 

4,620

 

 

2,587,339

 

 

 

 

 

 

 

 

 

 

 

 

40,121,294

 

Georgia — 1.5%

 

 

 

 

 

 

 

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

 

 

1,700

 

 

1,707,616

 

 

 

 

2

BLACKROCK MUNIYIELD FUND, INC.

JANUARY 31, 2010


 

 

 

 

Schedule of Investments (continued)

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

 

 

 

 

 

 

 

 

Municipal Bonds

 

Par
(000)

 

Value

 

Georgia (concluded)

 

 

 

 

 

 

 

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

 

$

6,945

 

$

7,187,450

 

 

 

 

 

 

 

 

 

 

 

 

8,895,066

 

Guam — 1.0%

 

 

 

 

 

 

 

Territory of Guam, GO, Series A, 6.00%,
11/15/19

 

 

1,270

 

 

1,289,787

 

Territory of Guam, GO, Series A, 6.75%,
11/15/29

 

 

2,225

 

 

2,304,321

 

Territory of Guam, GO, Series A, 7.00%,
11/15/39

 

 

2,300

 

 

2,360,283

 

 

 

 

 

 

 

 

 

 

 

 

5,954,391

 

Idaho — 1.6%

 

 

 

 

 

 

 

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

 

 

10,000

 

 

9,976,400

 

Illinois — 1.8%

 

 

 

 

 

 

 

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

 

 

1,000

 

 

773,730

 

Illinois Finance Authority, RB, Monarch
Landing Inc. Facility, Series A, 7.00%,
12/01/37 (a)(b)

 

 

1,445

 

 

462,400

 

Illinois Finance Authority, Refunding RB,
Central DuPage Health, Series B,
5.50%, 11/01/39

 

 

3,235

 

 

3,340,752

 

Illinois Finance Authority, Refunding RB,
Friendship Village Schaumburg,
Series A, 5.63%, 2/15/37

 

 

875

 

 

687,496

 

Metropolitan Pier & Exposition Authority
Illinois, RB, McCormick Place
Expansion Project, Series A (NPFGC),
5.50%, 6/15/23

 

 

4,000

 

 

4,293,200

 

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

 

 

1,275

 

 

1,313,964

 

 

 

 

 

 

 

 

 

 

 

 

10,871,542

 

Indiana — 3.7%

 

 

 

 

 

 

 

County of St. Joseph Indiana, Refunding
RB, Notre Dame du Lac Project,
5.00%, 3/01/36

 

 

4,545

 

 

4,779,295

 

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

 

 

1,690

 

 

1,709,148

 

Indiana Finance Authority, Refunding
RB, Duke Energy Indiana Inc.,
Series C, 4.95%, 10/01/40

 

 

6,705

 

 

6,502,911

 

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

 

 

6,645

 

 

6,797,436

 

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

 

 

2,230

 

 

2,377,269

 

 

 

 

 

 

 

 

 

 

 

 

22,166,059

 

 

 

 

 

 

 

 

 

Municipal Bonds

 

Par
(000)

 

Value

 

Kansas — 1.5%

 

 

 

 

 

 

 

City of Lenexa Kansas, RB, Lakeview
Village Inc., Series C, 6.88%,
5/15/12 (c)

 

$

1,250

 

$

1,429,937

 

Kansas Development Finance Authority,
Refunding RB, Adventist Health,
5.75%, 11/15/38

 

 

7,100

 

 

7,507,824

 

 

 

 

 

 

 

 

 

 

 

 

8,937,761

 

Kentucky — 0.1%

 

 

 

 

 

 

 

Kentucky Economic Development
Finance Authority, Refunding RB,
Norton, Series A, 6.63%, 10/01/28

 

 

650

 

 

660,966

 

Louisiana — 5.1%

 

 

 

 

 

 

 

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

 

 

1,610

 

 

1,655,354

 

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

 

 

9,000

 

 

9,280,980

 

Louisiana Public Facilities Authority, RB,
Franciscan Missionaries, Series A,
5.25%, 8/15/36

 

 

1,425

 

 

1,319,450

 

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

 

 

19,000

 

 

18,821,970

 

 

 

 

 

 

 

 

 

 

 

 

31,077,754

 

Maine — 0.5%

 

 

 

 

 

 

 

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

 

 

3,140

 

 

3,151,587

 

Maryland — 1.6%

 

 

 

 

 

 

 

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

 

 

1,500

 

 

1,264,110

 

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

 

 

2,580

 

 

2,386,113

 

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

 

 

880

 

 

888,800

 

Maryland Health & Higher Educational
Facilities Authority, RB, Peninsula
Regional Medical Center, 5.00%,
7/01/36

 

 

2,000

 

 

2,015,220

 

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

 

 

500

 

 

455,335

 

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

 

 

3,000

 

 

3,000,690

 

 

 

 

 

 

 

 

 

 

 

 

10,010,268

 

 

 

 

BLACKROCK MUNIYIELD FUND, INC.

JANUARY 31, 2010

3


 

 

 

 

Schedule of Investments (continued)

BlackRock MuniYield Fund, Inc. (MYD)

 

(Percentages shown are based on Net Assets)

 

 

 

 

 

 

 

 

Municipal Bonds

 

Par
(000)

 

Value

 

Massachusetts — 1.1%

 

 

 

 

 

 

 

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

 

$

3,500

 

$

3,094,910

 

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

 

 

3,640

 

 

3,653,432

 

 

 

 

 

 

 

 

 

 

 

 

6,748,342

 

Michigan — 2.9%

 

 

 

 

 

 

 

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

 

 

1,835

 

 

2,177,778

 

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

 

 

6,085

 

 

5,940,360

 

Royal Oak Hospital Finance Authority
Michigan, Refunding RB, William
Beaumont Hospital, 8.00%, 9/01/29

 

 

2,000

 

 

2,322,120

 

Royal Oak Hospital Finance Authority
Michigan, Refunding RB, William
Beaumont Hospital, 8.25%, 9/01/39

 

 

6,365

 

 

7,379,708

 

 

 

 

 

 

 

 

 

 

 

 

17,819,966

 

Minnesota — 0.6%

 

 

 

 

 

 

 

City of Eden Prairie Minnesota, RB,
Rolling Hills Project, Series A (GNMA),
6.00%, 8/20/21

 

 

420

 

 

449,896

 

City of Eden Prairie Minnesota, RB,
Rolling Hills Project, Series A (GNMA),
6.20%, 2/20/43

 

 

2,000

 

 

2,125,060

 

City of Minneapolis Minnesota, HRB,
Gaar Scott Loft Project, AMT, 5.95%,
5/01/30

 

 

895

 

 

904,773

 

 

 

 

 

 

 

 

 

 

 

 

3,479,729

 

Mississippi — 0.1%

 

 

 

 

 

 

 

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

 

 

280

 

 

295,772

 

Missouri — 0.9%

 

 

 

 

 

 

 

Missouri Highway & Transportation
Commission, RB, First Lien, Series A,
5.00%, 5/01/21

 

 

5,000

 

 

5,521,250

 

Nebraska — 0.1%

 

 

 

 

 

 

 

City of Lincoln Nebraska, RB, 4.25%,
6/15/24

 

 

550

 

 

563,288

 

New Hampshire — 0.5%

 

 

 

 

 

 

 

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

 

 

3,285

 

 

3,267,064

 

New Jersey — 8.6%

 

 

 

 

 

 

 

New Jersey EDA, RB, Cigarette Tax,
5.50%, 6/15/24

 

 

11,435

 

 

11,222,767

 

New Jersey EDA, RB, Continental Airlines
Inc. Project, AMT, 6.25%, 9/15/19

 

 

3,905

 

 

3,655,236

 

 

 

 

 

 

 

 

 

Municipal Bonds

 

Par
(000)

 

Value

 

New Jersey (concluded)

 

 

 

 

 

 

 

New Jersey EDA, RB, Continental Airlines
Inc. Project, AMT, 6.25%, 9/15/29

 

$

14,000

 

$

12,228,020

 

New Jersey EDA, RB, First Mortgage,
Lions Gate Project, Series A, 5.75%,
1/01/25

 

 

710

 

 

619,077

 

New Jersey EDA, RB, First Mortgage,
Lions Gate Project, Series A, 5.88%,
1/01/37

 

 

230

 

 

182,061

 

New Jersey EDA, RB, First Mortgage,
Presbyterian Homes, Series A, 6.38%,
11/01/31

 

 

3,000

 

 

2,619,150

 

New Jersey EDA, RB, Motor Vehicle
Surcharge, Series A (NPFGC), 5.00%,
7/01/29

 

 

19,300

 

 

19,039,643

 

New Jersey Health Care Facilities
Financing Authority, RB, Pascack
Valley Hospital Association, 6.00%,
7/01/13 (a)(b)

 

 

1,335

 

 

13

 

New Jersey Health Care Facilities
Financing Authority, RB, Pascack
Valley Hospital Association, 6.63%,
7/01/36 (a)(b)

 

 

1,835

 

 

18

 

New Jersey Transportation Trust Fund
Authority, RB, CAB, Transportation
System, Series C (AMBAC), 5.05%,
12/15/35 (d)

 

 

13,110

 

 

2,646,516

 

 

 

 

 

 

 

 

 

 

 

 

52,212,501

 

New York — 6.4%

 

 

 

 

 

 

 

City of New York New York, GO, Series O,
5.00%, 6/01/33

 

 

2,500

 

 

2,554,425

 

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

 

 

2,200

 

 

2,162,600

 

Metropolitan Transportation Authority,
Refunding RB, Series B, 5.00%,
11/15/34

 

 

4,910

 

 

5,078,806

 

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

 

 

1,250

 

 

1,141,500

 

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

 

 

5,000

 

 

5,115,400

 

New York State Dormitory Authority,
Refunding RB, Mount Sinai Health,
Series A, 6.75%, 7/01/20

 

 

1,855

 

 

1,892,452

 

Tobacco Settlement Financing Corp.
New York, RB, Asset-Backed,
Series B-1C, 5.50%, 6/01/21

 

 

6,900

 

 

7,324,281

 

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

 

 

10,000

 

 

10,421,100

 

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

 

 

3,450

 

 

3,215,538

 

 

 

 

 

 

 

 

 

 

 

 

38,906,102

 

 

 

 

4

BLACKROCK MUNIYIELD FUND, INC.

JANUARY 31, 2010


 

 

 

 

Schedule of Investments (continued)

BlackRock MuniYield Fund, Inc. (MYD)

 

(Percentages shown are based on Net Assets)

 

 

 

 

 

 

 

 

Municipal Bonds

 

Par
(000)

 

Value

 

North Carolina — 3.1%

 

 

 

 

 

 

 

City of Charlotte North Carolina, RB,
Series B, 5.00%, 7/01/38

 

$

1,910

 

$

2,036,175

 

City of Charlotte North Carolina, RB,
Series B, 4.50%, 7/01/39

 

 

1,860

 

 

1,853,918

 

North Carolina Eastern Municipal Power
Agency, Refunding RB, Series B,
5.00%, 1/01/26

 

 

2,265

 

 

2,330,617

 

North Carolina HFA, RB, Home
Ownership, Series 8A, AMT, 6.20%,
7/01/16

 

 

140

 

 

140,176

 

North Carolina HFA, RB, S/F, Series II
(FHA), 6.20%, 3/01/16

 

 

510

 

 

511,076

 

North Carolina Medical Care
Commission, RB, Duke University
Health System, Series A, 5.00%,
6/01/39

 

 

1,270

 

 

1,274,623

 

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

 

 

2,805

 

 

2,791,424

 

North Carolina Medical Care
Commission, RB, First Mortgage,
Arbor Acres Community Project,
6.38%, 3/01/12 (c)

 

 

1,000

 

 

1,119,510

 

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

 

 

5,000

 

 

4,690,950

 

North Carolina Municipal Power Agency
No. 1 Catawba, Refunding RB,
Series A, 5.00%, 1/01/30

 

 

2,145

 

 

2,186,677

 

 

 

 

 

 

 

 

 

 

 

 

18,935,146

 

Ohio — 2.2%

 

 

 

 

 

 

 

Buckeye Tobacco Settlement Financing
Authority, RB, Asset-Backed, Senior
Series A-2, 6.50%, 6/01/47

 

 

7,460

 

 

6,256,105

 

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

 

 

2,175

 

 

2,192,770

 

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

 

 

2,840

 

 

2,839,773

 

Toledo-Lucas County Port Authority, RB,
St. Mary Woods Project, Series A,
6.00%, 5/15/24

 

 

750

 

 

526,740

 

Toledo-Lucas County Port Authority, RB,
St. Mary Woods Project, Series A,
6.00%, 5/15/34

 

 

2,250

 

 

1,354,252

 

 

 

 

 

 

 

 

 

 

 

 

13,169,640

 

Oregon — 0.3%

 

 

 

 

 

 

 

State of Oregon, GO, Refunding,
Veterans Welfare, Series 80A, 5.70%,
10/01/32

 

 

1,915

 

 

1,935,280

 

 

 

 

 

 

 

 

 

Municipal Bonds

 

Par
(000)

 

Value

 

Pennsylvania — 6.7%

 

 

 

 

 

 

 

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

 

$

2,365

 

$

2,328,437

 

Pennsylvania Economic Development
Financing Authority, RB, Aqua
Pennsylvania Inc. Project, 5.00%,
11/15/40

 

 

3,805

 

 

3,804,734

 

Pennsylvania Economic Development
Financing Authority, RB, National
Gypsum Co., Series A, AMT, 6.25%,
11/01/27

 

 

5,270

 

 

3,726,206

 

Pennsylvania HFA, Refunding RB,
Series 97A, AMT, 4.60%, 10/01/27

 

 

1,500

 

 

1,418,250

 

Pennsylvania Higher Educational
Facilities Authority, Refunding RB,
Allegheny Delaware Valley Obligation,
Series C (NPFGC), 5.88%, 11/15/16

 

 

8,110

 

 

7,955,991

 

Pennsylvania Turnpike Commission, RB,
Sub-Series B, 5.25%, 6/01/39

 

 

13,905

 

 

14,026,530

 

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

 

 

1,265

 

 

1,264,797

 

Sayre Health Care Facilities Authority,
RB, Guthrie Health Issue, Series B,
7.13%, 12/01/11 (c)

 

 

5,000

 

 

5,957,950

 

 

 

 

 

 

 

 

 

 

 

 

40,482,895

 

Puerto Rico — 2.8%

 

 

 

 

 

 

 

Commonwealth of Puerto Rico, GO,
Refunding, Public Improvement,
Series C, 6.00%, 7/01/39

 

 

6,000

 

 

6,098,880

 

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

 

 

10,120

 

 

10,799,659

 

 

 

 

 

 

 

 

 

 

 

 

16,898,539

 

Rhode Island — 1.0%

 

 

 

 

 

 

 

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

 

 

4,240

 

 

3,621,511

 

City of Woonsocket Rhode Island, GO
(NPFGC), 6.00%, 10/01/17

 

 

1,225

 

 

1,258,051

 

City of Woonsocket Rhode Island, GO
(NPFGC), 6.00%, 10/01/18

 

 

1,195

 

 

1,225,138

 

 

 

 

 

 

 

 

 

 

 

 

6,104,700

 

South Dakota — 0.8%

 

 

 

 

 

 

 

South Dakota Health & Educational
Facilities Authority, RB, Sanford
Health, 5.00%, 11/01/40

 

 

4,955

 

 

4,773,895

 

Tennessee — 0.5%

 

 

 

 

 

 

 

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

 

 

3,505

 

 

3,281,311

 

Texas — 15.2%

 

 

 

 

 

 

 

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

 

 

3,500

 

 

2,332,470

 

 

 

 

BLACKROCK MUNIYIELD FUND, INC.

JANUARY 31, 2010

5


 

 

 

 

Schedule of Investments (continued)

BlackRock MuniYield Fund, Inc. (MYD)

 

(Percentages shown are based on Net Assets)

 

 

 

 

 

 

 

 

Municipal Bonds

 

Par
(000)

 

Value

 

Texas (continued)

 

 

 

 

 

 

 

Bexar County Housing Finance Corp.,
RB, Waters at Northern Hills
Apartments, Series A (NPFGC), 5.80%,
8/01/21

 

$

1,300

 

$

1,044,693

 

Bexar County Housing Finance Corp.,
RB, Waters at Northern Hills
Apartments, Series A (NPFGC), 6.00%,
8/01/31

 

 

2,410

 

 

1,740,044

 

Bexar County Housing Finance Corp.,
RB, Waters at Northern Hills
Apartments, Series A (NPFGC), 6.05%,
8/01/36

 

 

1,000

 

 

701,740

 

Brazos River Authority, Refunding RB,
TXU Electric Co. Project, Series C,
AMT, 5.75%, 5/01/36

 

 

7,600

 

 

7,145,368

 

City of Houston Texas, RB, Senior Lien,
Series A, 5.50%, 7/01/39

 

 

3,100

 

 

3,292,882

 

City of Houston Texas, RB, Special
Facilities, Continental Airlines,
Series E, AMT, 7.38%, 7/01/22

 

 

3,500

 

 

3,495,485

 

City of Houston Texas, RB, Special
Facilities, Continental Airlines,
Series E, AMT, 7.00%, 7/01/29

 

 

3,000

 

 

2,901,660

 

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

 

 

12,500

 

 

8,048,375

 

Guadalupe-Blanco River Authority, RB,
EI du Pont de Nemours & Co. Project,
AMT, 6.40%, 4/01/26

 

 

5,000

 

 

5,002,950

 

Gulf Coast IDA, RB, Citgo Petroleum
Corp. Project, AMT, 7.50%, 5/01/25

 

 

3,900

 

 

3,954,717

 

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

 

 

1,585

 

 

1,438,942

 

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

 

 

2,360

 

 

2,404,628

 

Lower Colorado River Authority, RB,
Samsung Austin Semiconductor, AMT,
6.95%, 4/01/30

 

 

3,330

 

 

3,338,958

 

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

 

 

4,320

 

 

4,667,155

 

North Texas Tollway Authority, RB, Toll,
Second Tier, Series F, 6.13%,
1/01/31

 

 

12,140

 

 

12,692,977

 

SA Energy Acquisition Public Facility
Corp., RB, Gas Supply, 5.50%,
8/01/23

 

 

6,955

 

 

7,196,617

 

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

 

 

6,365

 

 

6,649,452

 

Texas Private Activity Bond Surface
Transportation Corp., RB, Senior Lien,
Note Mobility, 6.88%, 12/31/39

 

 

7,820

 

 

8,140,385

 

 

 

 

 

 

 

 

 

Municipal Bonds

 

Par
(000)

 

Value

 

Texas (concluded)

 

 

 

 

 

 

 

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

 

$

6,500

 

$

6,452,875

 

 

 

 

 

 

 

 

 

 

 

 

92,642,373

 

Utah — 1.2%

 

 

 

 

 

 

 

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

 

 

7,310

 

 

7,298,304

 

Virgin Islands — 1.0%

 

 

 

 

 

 

 

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

 

 

6,250

 

 

6,288,938

 

Virginia — 1.0%

 

 

 

 

 

 

 

James City County EDA, RB, First
Mortgage, Williamsburg Lodge,
Series A, 5.35%, 9/01/26

 

 

1,500

 

 

1,419,450

 

James City County EDA, RB, First
Mortgage, Williamsburg Lodge,
Series A, 5.50%, 9/01/34

 

 

2,000

 

 

1,721,080

 

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

 

 

1,940

 

 

1,933,811

 

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

 

 

1,000

 

 

927,680

 

 

 

 

 

 

 

 

 

 

 

 

6,002,021

 

Washington — 0.3%

 

 

 

 

 

 

 

Vancouver Housing Authority
Washington, HRB, Teal Pointe
Apartments Project, AMT, 6.00%,
9/01/22

 

 

945

 

 

827,933

 

Vancouver Housing Authority
Washington, HRB, Teal Pointe
Apartments Project, AMT, 6.20%,
9/01/32

 

 

1,250

 

 

1,028,763

 

 

 

 

 

 

 

 

 

 

 

 

1,856,696

 

Wisconsin — 3.8%

 

 

 

 

 

 

 

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

 

 

600

 

 

546,018

 

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

 

 

14,300

 

 

15,930,915

 

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

 

 

7,375

 

 

6,793,481

 

 

 

 

 

 

 

 

 

 

 

 

23,270,414

 

Wyoming — 2.0%

 

 

 

 

 

 

 

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

 

 

6,195

 

 

6,402,409

 

Wyoming Community Development
Authority, RB, Series 3, AMT, 4.75%,
12/01/37

 

 

5,315

 

 

4,877,203

 

 

 

 

6

BLACKROCK MUNIYIELD FUND, INC.

JANUARY 31, 2010


 

 

 

 

Schedule of Investments (continued)

BlackRock MuniYield Fund, Inc. (MYD)

 

(Percentages shown are based on Net Assets)

 

 

 

 

 

 

 

 

Municipal Bonds

 

Par
(000)

 

Value

 

Wyoming (concluded)

 

 

 

 

 

 

 

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

 

$

595

 

$

575,639

 

 

 

 

 

 

 

 

 

 

 

 

11,855,251

 

Total Municipal Bonds – 121.1%

 

 

 

 

 

735,967,546

 

 

 

 

 

 

 

 

 

 

Municipal Bonds Transferred to Tender
Option Bond Trusts (e)

 

 

 

 

 

 

 

Alabama — 0.7%

 

 

 

 

 

 

 

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

 

 

4,538

 

 

4,540,434

 

California — 3.2%

 

 

 

 

 

 

 

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

 

 

6,581

 

 

6,979,656

 

California Educational Facilities
Authority, RB, University of Southern
California, Series A, 5.25%, 10/01/18

 

 

5,310

 

 

5,604,705

 

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

 

 

4,650

 

 

4,699,243

 

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

 

 

2,154

 

 

2,202,317

 

 

 

 

 

 

 

 

 

 

 

 

19,485,921

 

Colorado — 2.7%

 

 

 

 

 

 

 

Colorado Health Facilities Authority, RB,
Catholic Health, Series C3 (FSA),
5.10%, 10/01/41

 

 

7,490

 

 

7,385,215

 

Colorado Health Facilities Authority, RB,
Catholic Health, Series C7 (FSA),
5.00%, 9/01/36

 

 

4,800

 

 

4,723,440

 

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

 

 

4,299

 

 

4,531,359

 

 

 

 

 

 

 

 

 

 

 

 

16,640,014

 

Connecticut — 3.2%

 

 

 

 

 

 

 

Connecticut State Health & Educational
Facility Authority, RB, Yale University,
Series T1, 4.70%, 7/01/29

 

 

9,130

 

 

9,647,123

 

Connecticut State Health & Educational
Facility Authority, RB, Yale University,
Series X3, 4.85%, 7/01/37

 

 

9,270

 

 

9,662,492

 

 

 

 

 

 

 

 

 

 

 

 

19,309,615

 

Georgia — 1.1%

 

 

 

 

 

 

 

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

 

 

6,398

 

 

6,632,739

 

 

 

 

 

 

 

 

 

Municipal Bonds Transferred to Tender
Option Bond Trusts (e)

 

Par
(000)

 

Value

 

New Hampshire — 0.7%

 

 

 

 

 

 

 

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

 

$

4,048

 

$

4,347,554

 

New York — 0.6%

 

 

 

 

 

 

 

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

 

 

3,194

 

 

3,495,019

 

North Carolina — 3.8%

 

 

 

 

 

 

 

North Carolina Capital Facilities Finance
Agency, RB, Duke University Project,
Series A, 5.00%, 10/01/41

 

 

18,897

 

 

19,534,804

 

North Carolina Capital Facilities Finance
Agency, RB, Wake Forest University,
5.00%, 1/01/38

 

 

3,120

 

 

3,261,492

 

 

 

 

 

 

 

 

 

 

 

 

22,796,296

 

Ohio — 4.7%

 

 

 

 

 

 

 

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

 

 

27,900

 

 

28,892,961

 

South Carolina — 2.9%

 

 

 

 

 

 

 

Charleston Educational Excellence
Finance Corp., RB, Charleston County
School (AGC), 5.25%, 12/01/28

 

 

7,795

 

 

8,079,596

 

Charleston Educational Excellence
Finance Corp., RB, Charleston County
School (AGC), 5.25%, 12/01/29

 

 

6,920

 

 

7,133,274

 

Charleston Educational Excellence
Finance Corp., RB, Charleston County
School (AGC), 5.25%, 12/01/30

 

 

2,510

 

 

2,575,737

 

 

 

 

 

 

 

 

 

 

 

 

17,788,607

 

Tennessee — 1.9%

 

 

 

 

 

 

 

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

 

 

11,240

 

 

11,412,197

 

Virginia — 9.2%

 

 

 

 

 

 

 

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

 

 

6,266

 

 

6,519,490

 

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

 

 

10,620

 

 

11,204,312

 

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

 

 

6,720

 

 

6,782,832

 

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

 

 

30,930

 

 

31,166,305

 

 

 

 

 

 

 

 

 

 

 

 

55,672,939

 

Washington — 0.9%

 

 

 

 

 

 

 

Central Puget Sound Regional
Transportation Authority, Washington,
RB, Series A (FSA), 5.00%, 11/01/32

 

 

5,384

 

 

5,608,309

 

 

 

 

BLACKROCK MUNIYIELD FUND, INC.

JANUARY 31, 2010

7


 

 

 

 

Schedule of Investments (concluded)

BlackRock MuniYield Fund, Inc. (MYD)

 

(Percentages shown are based on Net Assets)

 

 

 

 

 

 

 

 

Municipal Bonds Transferred to Tender
Option Bond Trusts (e)

 

Par
(000)

 

Value

 

Wisconsin — 1.9%

 

 

 

 

 

 

 

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

 

$

11,457

 

$

11,456,447

 

Total Municipal Bonds Transferred to
Tender Option Bond Trusts – 37.5%

 

 

 

 

 

228,079,052

 

Total Long-Term Investments
(Cost – $974,751,370) – 158.6%

 

 

 

 

 

964,046,598

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Short-Term Securities

 

Shares

 

 

 

FFI Institutional Tax-Exempt Fund,
0.16% (f)(g)

 

 

833,272

 

 

833,272

 

Total Short-Term Securities
(Cost – $833,272) – 0.1%

 

 

 

 

 

833,272

 

Total Investments
(Cost – $975,584,642*) – 158.7%

 

 

 

 

 

964,879,870

 

Other Assets Less Liabilities – 1.6%

 

 

 

 

 

9,585,773

 

Liability for Trust Certificates, Including Interest
Expense and Fees Payable – (19.0)%

 

 

 

 

 

(115,317,802

)

Preferred Shares, at Redemption Value – (41.3)%

 

 

 

 

 

(251,480,001

)

 

 

 

 

 

Net Assets Applicable to Common Shares – 100.0%

 

 

 

 

$

607,667,840

 

 

 

 

 

 

 

 

*

The cost and unrealized appreciation (depreciation) of investments as of January 31, 2010, as computed for federal income tax purposes, were as follows:

 

 

 

 

 

 

 

Aggregate cost

 

$

862,002,371

 

 

 

 

 

 

Gross unrealized appreciation

 

 

28,667,272

 

 

Gross unrealized depreciation

 

 

(41,058,396

)

 

 

 

 

 

Net unrealized depreciation

 

$

(12,391,124

)

 

 

 

 

 

 

(a)

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

 

 

(b)

Non-income producing security.

 

 

(c)

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.

 

 

(d)

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

 

 

(e)

Securities represent bonds transferred to a tender option bond trust 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, for purposes of Section 2(a)(3) of the Investment Company Act of 1940, were as follows:

 

 

 

 

 

 

 

 

 

 

 

Affiliate

 

Net
Activity

 

Income

 

 

 

FFI Institutional Tax-Exempt Fund

 

$

(1,271,760

)

$

17,155

 

 

 

 

 

(g)

Represents current yield as of report date.

 

 

•

Fair Value Measurements — Various inputs are used in determining the fair value of investments, which are 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, repayment 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)

 

 

 

 

The inputs or methodologies used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For information about the Fund’s policy regarding valuation of investments and other significant accounting policies, please refer to the Fund’s most recent financial statements as contained in its semi-annual report.

 

 

 

 

The following table summarizes the inputs used as of January 31, 2010 in determining the fair valuation of the Fund’s investments:

 

 

 

 

 

 

 

 

Valuation Inputs

 

Investments in
Securities

 

 

 

 

 

Assets

 

 

 

 

 

 

Level 1 - Short-Term Securities

 

$

833,272

 

 

Level 2 - Long-Term Investments1

 

 

964,046,598

 

 

Level 3

 

 

—

 

 

 

 

 

 

Total

 

$

964,879,870

 

 

 

 

 

 

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

 

 

 

 

 

 

 

8

BLACKROCK MUNIYIELD FUND, INC.

JANUARY 31, 2010

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 13(a)-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/ Anne F. Ackerley  
    Anne F. Ackerley
    Chief Executive Officer of
    BlackRock MuniYield Fund, Inc.
   
  Date: March 19, 2010
   
  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/ Anne F. Ackerley  
    Anne F. Ackerley
    Chief Executive Officer (principal executive officer) of
    BlackRock MuniYield Fund, Inc.
   
  Date: March 19, 2010
   
  By: /s/ Neal J. Andrews  
    Neal J. Andrews
    Chief Financial Officer (principal financial officer) of
    BlackRock MuniYield Fund, Inc.
     
  Date: March 19, 2010