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
Registrants telephone number, including area code: (800) 882-0052, Option 4
Date of fiscal year end: 04/30/2011
Date of reporting period: 01/31/2011
Item 1 Schedule of Investments
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Schedule of Investments January 31, 2011 (Unaudited) |
BlackRock MuniYield Fund, Inc. (MYD) |
(Percentages shown are based on Net Assets) |
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Municipal Bonds |
|
Par |
|
Value |
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||
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Alabama 0.8% |
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County of
Jefferson Alabama, RB, |
|
$ |
5,250 |
|
$ |
4,882,553 |
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Arizona 11.1% |
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Arizona State Transportation Board, RB, |
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5.00%, 7/01/22 |
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7,030 |
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|
7,372,923 |
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5.00%, 7/01/23 |
|
|
5,240 |
|
|
5,451,486 |
|
Maricopa County IDA Arizona, RB, |
|
|
3,300 |
|
|
2,179,485 |
|
Maricopa County IDA Arizona, Refunding |
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|
|
|
|
|
|
6.00%, 10/20/31 |
|
|
1,230 |
|
|
1,256,691 |
|
6.05%, 10/20/36 |
|
|
1,230 |
|
|
1,218,155 |
|
Maricopa County Pollution Control Corp., |
|
|
3,450 |
|
|
3,246,278 |
|
Phoenix IDA Arizona, Refunding RB, |
|
|
|
|
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|
|
6.25%, 6/01/19 |
|
|
3,000 |
|
|
2,567,040 |
|
6.30%, 4/01/23 |
|
|
5,090 |
|
|
4,176,701 |
|
Pima County IDA, IDRB, Tucson Electric |
|
|
3,000 |
|
|
3,022,110 |
|
Pima County IDA, Refunding IDRB, |
|
|
2,240 |
|
|
2,186,218 |
|
Pima County IDA, Refunding RB, Charter |
|
|
735 |
|
|
675,274 |
|
Salt River Project Agricultural |
|
|
3,975 |
|
|
3,894,188 |
|
Salt Verde Financial Corp., RB, Senior: |
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|
|
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|
|
5.00%, 12/01/32 |
|
|
7,365 |
|
|
6,338,319 |
|
5.00%, 12/01/37 |
|
|
14,190 |
|
|
12,024,890 |
|
Vistancia Community Facilities District |
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|
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|
5.50%, 7/15/20 |
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|
3,000 |
|
|
3,097,830 |
|
5.75%, 7/15/24 |
|
|
2,125 |
|
|
2,172,579 |
|
Yavapai County IDA Arizona, RB, Yavapai |
|
|
3,900 |
|
|
3,733,197 |
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|
|
|
|
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|
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64,613,364 |
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Municipal Bonds |
|
Par |
|
Value |
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||
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|
Arkansas 0.5% |
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County of Little River Arkansas, |
|
$ |
3,385 |
|
$ |
3,097,343 |
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|
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|
|
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California 12.6% |
|
|
|
|
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|
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California Health Facilities Financing |
|
|
|
|
|
|
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Catholic Healthcare West, Series A, |
|
|
3,155 |
|
|
3,156,861 |
|
St. Joseph Health System, Series A, |
|
|
4,425 |
|
|
4,345,748 |
|
Sutter Health, Series B, 6.00%, |
|
|
6,465 |
|
|
6,348,113 |
|
California State Public Works Board, RB, |
|
|
2,385 |
|
|
2,426,261 |
|
California Statewide Communities |
|
|
4,375 |
|
|
3,850,262 |
|
Golden State Tobacco Securitization |
|
|
2,090 |
|
|
1,226,621 |
|
Los Angeles Department of Airports, RB, |
|
|
1,605 |
|
|
1,536,547 |
|
Los Angeles Department of Airports, |
|
|
11,970 |
|
|
11,005,338 |
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San Francisco City & County Public |
|
|
19,075 |
|
|
18,233,792 |
|
State of California, GO: |
|
|
|
|
|
|
|
(AMBAC), 5.00%, 4/01/31 |
|
|
10 |
|
|
9,089 |
|
Various Purpose, 5.25%, 11/01/25 |
|
|
1,350 |
|
|
1,350,230 |
|
Various Purpose, 6.00%, 3/01/33 |
|
|
5,085 |
|
|
5,173,682 |
|
Various Purpose, 6.50%, 4/01/33 |
|
|
14,075 |
|
|
14,885,298 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
73,547,842 |
|
|
|
|
|
|
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Colorado 3.6% |
|
|
|
|
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|
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City & County of Denver Colorado, RB, |
|
|
3,990 |
|
|
4,332,382 |
|
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Portfolio Abbreviations |
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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:
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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 |
S/F |
Single-Family |
SO |
Special Obligation |
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BLACKROCK MUNIYIELD FUND, INC. |
JANUARY 31, 2011 |
1 |
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Schedule of Investments (continued) |
BlackRock MuniYield Fund, Inc. (MYD) |
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
Municipal Bonds |
|
Par |
|
Value |
|
||
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|
|
|
|
|
|
Colorado (concluded) |
|
|
|
|
|
|
|
Colorado Health Facilities Authority, |
|
$ |
4,435 |
|
$ |
3,912,025 |
|
Colorado Housing & Finance Authority, |
|
|
150 |
|
|
159,183 |
|
Plaza Metropolitan District No. 1 |
|
|
|
|
|
|
|
Public Improvement Fee, 8.00%, |
|
|
6,850 |
|
|
6,642,445 |
|
Subordinate Public Improvement |
|
|
1,885 |
|
|
1,669,620 |
|
University of Colorado, RB, Series A: |
|
|
|
|
|
|
|
5.25%, 6/01/30 |
|
|
2,250 |
|
|
2,280,150 |
|
5.38%, 6/01/32 |
|
|
1,250 |
|
|
1,273,012 |
|
5.38%, 6/01/38 |
|
|
830 |
|
|
836,308 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
21,105,125 |
|
|
|
|
|
|
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Connecticut 1.6% |
|
|
|
|
|
|
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Connecticut State Health & Educational |
|
|
|
|
|
|
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Ascension Health Senior Credit, |
|
|
2,770 |
|
|
2,497,016 |
|
Wesleyan University, 5.00%, |
|
|
2,225 |
|
|
2,203,240 |
|
Wesleyan University, 5.00%, |
|
|
5,000 |
|
|
4,910,450 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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9,610,706 |
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|
|
|
|
|
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Delaware 1.6% |
|
|
|
|
|
|
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County of Sussex Delaware, RB, NRG |
|
|
2,305 |
|
|
2,212,431 |
|
Delaware State EDA, RB, Exempt |
|
|
8,275 |
|
|
7,294,082 |
|
|
|
|
|
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|
|
|
|
|
|
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|
9,506,513 |
|
|
|
|
|
|
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District of Columbia 1.8% |
|
|
|
|
|
|
|
Metropolitan Washington Airports |
|
|
|
|
|
|
|
CAB, 2nd Senior Lien, Series B |
|
|
10,000 |
|
|
2,490,800 |
|
CAB, 2nd Senior Lien, Series B |
|
|
15,000 |
|
|
3,493,200 |
|
CAB, 2nd Senior Lien, Series B |
|
|
13,410 |
|
|
2,913,457 |
|
First Senior Lien, Series A, 5.25%, |
|
|
1,500 |
|
|
1,449,360 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10,346,817 |
|
|
|
|
|
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Florida 8.8% |
|
|
|
|
|
|
|
City of Clearwater Florida, RB, Series A, |
|
|
3,435 |
|
|
3,374,647 |
|
County of Broward Florida, RB, Series A, |
|
|
2,155 |
|
|
2,134,657 |
|
County of Miami-Dade Florida, RB, |
|
|
11,450 |
|
|
10,696,475 |
|
County of Miami-Dade Florida, |
|
|
7,530 |
|
|
6,984,000 |
|
|
|
|
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|
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Municipal Bonds |
|
Par |
|
Value |
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||
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|
|
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Florida (concluded) |
|
|
|
|
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|
|
Greater Orlando Aviation Authority |
|
$ |
2,500 |
|
$ |
2,229,175 |
|
Hillsborough County IDA, RB, AMT, |
|
|
|
|
|
|
|
Series A, 7.13%, 4/01/30 |
|
|
11,500 |
|
|
10,222,695 |
|
Series B, 7.13%, 4/01/30 |
|
|
5,000 |
|
|
4,444,650 |
|
Mid-Bay Bridge Authority, RB, Series A, |
|
|
4,615 |
|
|
4,534,330 |
|
Midtown Miami Community |
|
|
5,255 |
|
|
4,754,724 |
|
Santa Rosa Bay Bridge Authority, RB, |
|
|
4,620 |
|
|
2,134,717 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
51,510,070 |
|
|
|
|
|
|
|
|
|
Georgia 1.9% |
|
|
|
|
|
|
|
De Kalb Private Hospital Authority, |
|
|
1,700 |
|
|
1,578,671 |
|
Metropolitan Atlanta Rapid Transit |
|
|
6,945 |
|
|
6,739,706 |
|
Private Colleges & Universities
Authority, |
|
|
2,960 |
|
|
2,899,142 |
|
|
|
|
|
|
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|
|
|
|
|
|
|
|
11,217,519 |
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Guam 0.8% |
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|
|
Territory of Guam, GO, Series A: |
|
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|
|
6.00%, 11/15/19 |
|
|
1,270 |
|
|
1,293,292 |
|
6.75%, 11/15/29 |
|
|
1,815 |
|
|
1,915,587 |
|
7.00%, 11/15/39 |
|
|
1,200 |
|
|
1,281,228 |
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|
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|
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|
|
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|
|
4,490,107 |
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|
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|
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|
|
Hawaii 0.5% |
|
|
|
|
|
|
|
State of Hawaii, Refunding RB, Series A, |
|
|
2,760 |
|
|
2,652,691 |
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Idaho 1.7% |
|
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|
Power County Industrial Development |
|
|
10,000 |
|
|
10,017,000 |
|
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|
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Illinois 4.5% |
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|
Bolingbrook Special Service Area No. 1, |
|
|
1,000 |
|
|
780,060 |
|
Illinois Finance Authority, RB, Navistar |
|
|
3,130 |
|
|
3,114,506 |
|
Illinois Finance Authority, Refunding RB: |
|
|
|
|
|
|
|
Central DuPage Health, Series B, |
|
|
3,235 |
|
|
3,043,812 |
|
Friendship Village Schaumburg, |
|
|
875 |
|
|
665,026 |
|
Metropolitan Pier & Exposition
Authority, |
|
|
|
|
|
|
|
CAB, Series B, 6.25%, 6/15/46 (b) |
|
|
11,405 |
|
|
996,911 |
|
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2 |
BLACKROCK MUNIYIELD FUND, INC. |
JANUARY 31, 2011 |
|
|
|
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|
|
Schedule of Investments (continued) |
BlackRock MuniYield Fund, Inc. (MYD) |
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
Municipal Bonds |
|
Par |
|
Value |
|
||
|
|
|
|
|
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||
Illinois (concluded) |
|
|
|
|
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|
|
Metropolitan
Pier & Exposition Authority, |
|
|
|
|
|
|
|
CAB, Series B, 6.25%, 6/15/47 (b) |
|
$ |
27,225 |
|
$ |
2,213,665 |
|
Series B, 5.00%, 6/15/50 |
|
|
6,405 |
|
|
5,432,721 |
|
Series B-2, 5.00%, 6/15/50 |
|
|
5,085 |
|
|
4,176,666 |
|
Railsplitter Tobacco Settlement |
|
|
|
|
|
|
|
5.50%, 6/01/23 |
|
|
2,730 |
|
|
2,584,682 |
|
6.00%, 6/01/28 |
|
|
2,335 |
|
|
2,228,384 |
|
State of Illinois, RB, Build Illinois, |
|
|
1,275 |
|
|
1,193,515 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
26,429,948 |
|
|
|
|
|
|
|
|
|
Indiana 1.8% |
|
|
|
|
|
|
|
Indiana Finance Authority, RB, Sisters of |
|
|
1,690 |
|
|
1,532,154 |
|
Indiana Finance Authority, Refunding |
|
|
6,645 |
|
|
6,550,574 |
|
Indiana Municipal Power Agency, RB, |
|
|
2,230 |
|
|
2,297,770 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10,380,498 |
|
|
|
|
|
|
|
|
|
Kansas 2.0% |
|
|
|
|
|
|
|
City of Lenexa Kansas, RB, Lakeview |
|
|
1,250 |
|
|
1,363,988 |
|
Kansas Development Finance Authority, |
|
|
|
|
|
|
|
Adventist Health, 5.75%, 11/15/38 |
|
|
7,100 |
|
|
7,123,572 |
|
Sisters of Leavenworth, Series A, |
|
|
3,365 |
|
|
3,099,838 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
11,587,398 |
|
|
|
|
|
|
|
|
|
Kentucky 0.4% |
|
|
|
|
|
|
|
Kentucky Economic Development |
|
|
|
|
|
|
|
Norton, Series A, 6.63%, 10/01/28 |
|
|
650 |
|
|
653,432 |
|
Owensboro Medical Health System, |
|
|
2,040 |
|
|
1,915,478 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,568,910 |
|
|
|
|
|
|
|
|
|
Louisiana 4.2% |
|
|
|
|
|
|
|
East Baton Rouge Sewerage |
|
|
1,610 |
|
|
1,593,690 |
|
Louisiana Local Government |
|
|
9,000 |
|
|
9,067,500 |
|
New Orleans Aviation Board, Refunding |
|
|
1,260 |
|
|
1,143,866 |
|
Port of New Orleans Louisiana, |
|
|
13,000 |
|
|
12,527,450 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
24,332,506 |
|
|
|
|
|
|
|
|
|
Maine 0.5% |
|
|
|
|
|
|
|
Maine Health & Higher Educational |
|
|
3,140 |
|
|
2,923,999 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Municipal Bonds |
|
Par |
|
Value |
|
||
|
|
|
|
|
|
|
|
Maryland 1.2% |
|
|
|
|
|
|
|
County of Prince Georges Maryland, SO, |
|
$ |
1,500 |
|
$ |
1,229,760 |
|
Maryland Community Development |
|
|
115 |
|
|
102,200 |
|
Maryland EDC, RB, Transportation |
|
|
880 |
|
|
801,777 |
|
Maryland EDC, Refunding RB, CNX |
|
|
1,690 |
|
|
1,573,120 |
|
Maryland Industrial Development |
|
|
500 |
|
|
460,505 |
|
Maryland State Energy Financing |
|
|
3,000 |
|
|
2,991,270 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7,158,632 |
|
|
|
|
|
|
|
|
|
Massachusetts 1.6% |
|
|
|
|
|
|
|
Massachusetts Bay Transportation |
|
|
3,250 |
|
|
3,435,543 |
|
Massachusetts Development Finance |
|
|
3,500 |
|
|
2,654,155 |
|
Massachusetts
Health & Educational |
|
|
3,640 |
|
|
3,259,838 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
9,349,536 |
|
|
|
|
|
|
|
|
|
Michigan 3.4% |
|
|
|
|
|
|
|
City of Detroit Michigan, RB, Senior Lien, |
|
|
1,835 |
|
|
2,125,058 |
|
Kalamazoo Hospital Finance Authority, |
|
|
2,795 |
|
|
2,590,099 |
|
Michigan State Hospital Finance |
|
|
6,085 |
|
|
5,589,438 |
|
Royal Oak Hospital Finance Authority |
|
|
|
|
|
|
|
8.00%, 9/01/29 |
|
|
2,000 |
|
|
2,220,140 |
|
8.25%, 9/01/39 |
|
|
6,365 |
|
|
7,087,491 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
19,612,226 |
|
|
|
|
|
|
|
|
|
Minnesota 0.6% |
|
|
|
|
|
|
|
City of Eden Prairie Minnesota, RB, |
|
|
|
|
|
|
|
6.00%, 8/20/21 |
|
|
420 |
|
|
443,419 |
|
6.20%, 2/20/43 |
|
|
2,000 |
|
|
2,104,260 |
|
|
|
|
|
|
|
BLACKROCK MUNIYIELD FUND, INC. |
JANUARY 31, 2011 |
3 |
|
|
|
|
|
|
Schedule of Investments (continued) |
BlackRock MuniYield Fund, Inc. (MYD) |
|
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
Municipal Bonds |
|
Par |
|
Value |
|
||
|
|
|
|
|
|
||
Minnesota (concluded) |
|
|
|
|
|
|
|
City of Minneapolis Minnesota, HRB, |
|
$ |
875 |
|
$ |
876,059 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,423,738 |
|
|
|
|
|
|
|
|
|
Mississippi 0.1% |
|
|
|
|
|
|
|
University of Southern Mississippi, RB, |
|
|
280 |
|
|
280,081 |
|
|
|
|
|
|
|
|
|
Montana 0.7% |
|
|
|
|
|
|
|
Montana Facility Finance Authority, |
|
|
4,585 |
|
|
4,059,605 |
|
|
|
|
|
|
|
|
|
New Hampshire 0.5% |
|
|
|
|
|
|
|
New Hampshire Health & Education |
|
|
3,090 |
|
|
3,086,941 |
|
|
|
|
|
|
|
|
|
New Jersey 8.1% |
|
|
|
|
|
|
|
New Jersey EDA, RB: |
|
|
|
|
|
|
|
Cigarette Tax, 5.50%, 6/15/24 |
|
|
9,715 |
|
|
8,928,182 |
|
Continental
Airlines Inc. Project, |
|
|
3,905 |
|
|
3,693,271 |
|
Continental
Airlines Inc. Project, |
|
|
14,000 |
|
|
12,672,660 |
|
First
Mortgage, Lions Gate Project, |
|
|
710 |
|
|
628,946 |
|
First
Mortgage, Lions Gate Project, |
|
|
230 |
|
|
189,794 |
|
First
Mortgage, Presbyterian |
|
|
3,000 |
|
|
2,541,000 |
|
Motor
Vehicle Surcharge, Series A |
|
|
16,650 |
|
|
16,238,412 |
|
New Jersey Health Care Facilities |
|
|
|
|
|
|
|
6.00%, 7/01/13 |
|
|
1,335 |
|
|
13 |
|
6.63%, 7/01/36 |
|
|
1,835 |
|
|
18 |
|
New Jersey Transportation Trust Fund |
|
|
13,110 |
|
|
2,412,896 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
47,305,192 |
|
|
|
|
|
|
|
|
|
New York 5.3% |
|
|
|
|
|
|
|
Dutchess County Industrial |
|
|
2,200 |
|
|
2,073,588 |
|
Metropolitan Transportation Authority, |
|
|
|
|
|
|
|
Series B, 5.00%, 11/15/34 |
|
|
4,910 |
|
|
4,692,585 |
|
Transportation,
Series D, 5.25%, |
|
|
2,465 |
|
|
2,254,095 |
|
New York City Industrial Development |
|
|
1,250 |
|
|
1,252,475 |
|
New York Liberty Development Corp., |
|
|
2,480 |
|
|
2,492,474 |
|
|
|
|
|
|
|
|
|
Municipal Bonds |
|
Par |
|
Value |
|
||
|
|
|
|
|
|
|
|
New York (concluded) |
|
|
|
|
|
|
|
Port Authority of New York & New Jersey, |
|
|
|
|
|
|
|
6.00%, 12/01/36 |
|
$ |
2,625 |
|
$ |
2,517,821 |
|
6.00%, 12/01/42 |
|
|
2,555 |
|
|
2,411,588 |
|
Triborough Bridge & Tunnel Authority, |
|
|
10,000 |
|
|
10,019,700 |
|
Westchester County Industrial |
|
|
3,450 |
|
|
3,242,448 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
30,956,774 |
|
|
|
|
|
|
|
|
|
North Carolina 2.6% |
|
|
|
|
|
|
|
North Carolina Capital Facilities Finance |
|
|
3,270 |
|
|
2,915,336 |
|
North Carolina Capital Facilities Finance |
|
|
|
|
|
|
|
Series A, 4.63%, 11/01/40 |
|
|
2,445 |
|
|
2,157,615 |
|
Series B, 4.63%, 11/01/40 |
|
|
1,810 |
|
|
1,597,253 |
|
North Carolina HFA, RB: |
|
|
|
|
|
|
|
Home
Ownership, Series 8A, AMT, |
|
|
90 |
|
|
90,131 |
|
S/F,
Series II (FHA), 6.20%, |
|
|
480 |
|
|
481,022 |
|
North Carolina Medical Care |
|
|
|
|
|
|
|
Duke
University Health System, |
|
|
2,805 |
|
|
2,569,071 |
|
First
Mortgage, Arbor Acres |
|
|
1,000 |
|
|
1,069,550 |
|
North Carolina Medical Care |
|
|
5,000 |
|
|
4,398,450 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
15,278,428 |
|
|
|
|
|
|
|
|
|
Ohio 1.1% |
|
|
|
|
|
|
|
County of Lucas Ohio, Refunding RB, |
|
|
2,175 |
|
|
2,152,619 |
|
County of Montgomery Ohio, Refunding |
|
|
2,840 |
|
|
2,580,737 |
|
Toledo-Lucas County Port Authority, RB, |
|
|
|
|
|
|
|
6.00%, 5/15/24 |
|
|
750 |
|
|
457,950 |
|
6.00%, 5/15/34 |
|
|
2,250 |
|
|
1,373,850 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6,565,156 |
|
|
|
|
|
|
|
|
|
Pennsylvania 4.7% |
|
|
|
|
|
|
|
Allegheny County Hospital Development |
|
|
5,490 |
|
|
3,648,434 |
|
Montgomery County Higher Education & |
|
|
2,265 |
|
|
2,069,440 |
|
|
|
|
|
||
4 |
BLACKROCK MUNIYIELD FUND, INC. |
JANUARY 31, 2011 |
|
|
|
|
|
|
Schedule of Investments (continued) |
BlackRock MuniYield Fund, Inc. (MYD) |
|
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
Municipal Bonds |
|
Par |
|
Value |
|
||
|
|
|
|
|
|
|
|
Pennsylvania (concluded) |
|
|
|
|
|
|
|
Pennsylvania Economic Development |
|
|
|
|
|
|
|
Aqua
Pennsylvania Inc. Project, |
|
$ |
3,805 |
|
$ |
3,634,650 |
|
National
Gypsum Co., Series A, |
|
|
5,270 |
|
|
4,304,958 |
|
Pennsylvania Turnpike Commission, RB, |
|
|
12,905 |
|
|
12,213,550 |
|
Philadelphia Authority for Industrial |
|
|
1,265 |
|
|
1,265,582 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
27,136,614 |
|
|
|
|
|
|
|
|
|
Puerto Rico 3.7% |
|
|
|
|
|
|
|
Commonwealth of Puerto Rico, GO, |
|
|
6,000 |
|
|
5,855,880 |
|
Puerto Rico Sales Tax Financing Corp., |
|
|
10,120 |
|
|
10,473,492 |
|
Puerto Rico Sales Tax Financing Corp., |
|
|
|
|
|
|
|
First Sub-Series C, 6.58%, 8/01/38 |
|
|
23,695 |
|
|
3,747,364 |
|
Series A (AMBAC), 6.47%, 8/01/47 |
|
|
14,900 |
|
|
1,208,837 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
21,285,573 |
|
|
|
|
|
|
|
|
|
Rhode Island 1.0% |
|
|
|
|
|
|
|
Central Falls Detention Facility Corp., |
|
|
4,240 |
|
|
3,392,721 |
|
City of Woonsocket Rhode Island, GO |
|
|
|
|
|
|
|
6.00%, 10/01/17 |
|
|
1,200 |
|
|
1,214,580 |
|
6.00%, 10/01/18 |
|
|
1,195 |
|
|
1,209,196 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5,816,497 |
|
|
|
|
|
|
|
|
|
South Carolina 1.1% |
|
|
|
|
|
|
|
South Carolina State Ports Authority, RB, |
|
|
6,695 |
|
|
6,423,786 |
|
|
|
|
|
|
|
|
|
Tennessee 0.9% |
|
|
|
|
|
|
|
Hardeman County Correctional Facilities |
|
|
3,235 |
|
|
3,096,380 |
|
Rutherford County Health & Educational |
|
|
2,065 |
|
|
1,856,043 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4,952,423 |
|
|
|
|
|
|
|
|
|
Texas 14.7% |
|
|
|
|
|
|
|
Alliance Airport Authority Texas, |
|
|
3,500 |
|
|
2,621,815 |
|
Bexar County Housing Finance Corp., |
|
|
|
|
|
|
|
6.00%, 8/01/31 |
|
|
805 |
|
|
706,194 |
|
6.05%, 8/01/36 |
|
|
1,000 |
|
|
861,410 |
|
Brazos River Authority, Refunding RB, |
|
|
6,285 |
|
|
5,915,631 |
|
City of Dallas Texas, Refunding RB, |
|
|
3,060 |
|
|
3,055,471 |
|
|
|
|
|
|
|
|
|
Municipal Bonds |
|
Par |
|
Value |
|
||
|
|
|
|
|
|
|
|
Texas (concluded) |
|
|
|
|
|
|
|
City of Houston Texas, RB: |
|
|
|
|
|
|
|
Senior
Lien, Series A, 5.50%, |
|
$ |
3,100 |
|
$ |
3,107,316 |
|
Special
Facilities, Continental |
|
|
3,500 |
|
|
3,512,460 |
|
Special
Facilities, Continental |
|
|
3,000 |
|
|
2,969,190 |
|
Dallas-Fort Worth International Airport |
|
|
12,500 |
|
|
8,986,375 |
|
Gulf Coast IDA, RB, Citgo Petroleum |
|
|
3,900 |
|
|
3,918,720 |
|
Houston Industrial Development Corp., |
|
|
1,580 |
|
|
1,440,849 |
|
La Vernia Higher Education Finance |
|
|
2,360 |
|
|
2,307,254 |
|
Matagorda County Navigation District |
|
|
4,320 |
|
|
4,369,032 |
|
North Texas Tollway Authority, RB, Toll, |
|
|
12,140 |
|
|
12,156,996 |
|
San Antonio Energy Acquisition Public |
|
|
6,365 |
|
|
6,252,849 |
|
Texas Private Activity Bond Surface |
|
|
|
|
|
|
|
LBJ
Infrastructure Group LLC, LBJ |
|
|
8,730 |
|
|
8,789,015 |
|
NTE
Mobility Partners LLC, North |
|
|
7,820 |
|
|
7,795,054 |
|
Texas State Public Finance Authority, |
|
|
1,000 |
|
|
816,780 |
|
Texas State Turnpike Authority, RB, First |
|
|
6,500 |
|
|
5,975,515 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
85,557,926 |
|
|
|
|
|
|
|
|
|
U.S. Virgin Islands 1.0% |
|
|
|
|
|
|
|
Virgin Islands Public Finance Authority, |
|
|
6,250 |
|
|
5,980,313 |
|
|
|
|
|
|
|
|
|
Utah 1.1% |
|
|
|
|
|
|
|
City of Riverton Utah, RB, IHC Health |
|
|
7,310 |
|
|
6,691,501 |
|
|
|
|
|
|
|
|
|
Virginia 1.4% |
|
|
|
|
|
|
|
James City County EDA, RB, First |
|
|
|
|
|
|
|
5.35%, 9/01/26 |
|
|
1,500 |
|
|
1,294,170 |
|
5.50%, 9/01/34 |
|
|
2,000 |
|
|
1,620,560 |
|
Virginia HDA, RB, Sub-Series H-1 |
|
|
4,550 |
|
|
4,554,368 |
|
|
|
|
|
||
BLACKROCK MUNIYIELD FUND, INC. |
JANUARY 31, 2011 |
5 |
|
|
|
|
|
|
Schedule of Investments (continued) |
BlackRock MuniYield Fund, Inc. (MYD) |
|
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
Municipal Bonds |
|
Par |
|
Value |
|
||
|
|
|
|
|
|
|
|
Virginia (concluded) |
|
|
|
|
|
|
|
Winchester IDA Virginia, RB, |
|
$ |
1,000 |
|
$ |
870,400 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
8,339,498 |
|
|
|
|
|
|
|
|
|
Washington 0.3% |
|
|
|
|
|
|
|
Vancouver Housing Authority |
|
|
|
|
|
|
|
6.00%, 9/01/22 |
|
|
945 |
|
|
836,476 |
|
6.20%, 9/01/32 |
|
|
1,250 |
|
|
1,018,200 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,854,676 |
|
|
|
|
|
|
|
|
|
Wisconsin 4.5% |
|
|
|
|
|
|
|
City of Milwaukee Wisconsin, RB, Senior, |
|
|
545 |
|
|
499,247 |
|
State of Wisconsin, Refunding RB, |
|
|
14,300 |
|
|
15,166,437 |
|
Wisconsin Health & Educational |
|
|
4,970 |
|
|
4,452,971 |
|
Wisconsin Health & Educational |
|
|
6,970 |
|
|
6,092,895 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
26,211,550 |
|
|
|
|
|
|
|
|
|
Wyoming 2.0% |
|
|
|
|
|
|
|
County of Sweetwater Wyoming, |
|
|
6,195 |
|
|
6,275,721 |
|
Wyoming Community Development |
|
|
5,315 |
|
|
4,611,719 |
|
Wyoming Municipal Power Agency, RB, |
|
|
595 |
|
|
535,554 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
11,422,994 |
|
|
|
|
|
|
|
|
|
Total Municipal Bonds 122.3% |
|
|
|
|
|
713,570,569 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Municipal Bonds Transferred to
Tender |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Alabama 0.7% |
|
|
|
|
|
|
|
Alabama Special Care Facilities |
|
|
4,538 |
|
|
4,238,751 |
|
|
|
|
|
|
|
|
|
California 3.2% |
|
|
|
|
|
|
|
Bay Area Toll Authority, Refunding RB, |
|
|
6,581 |
|
|
6,673,028 |
|
California Educational Facilities |
|
|
5,310 |
|
|
5,349,559 |
|
Los Angeles Community College District |
|
|
4,650 |
|
|
4,381,277 |
|
|
|
|
|
|
|
|
|
Municipal Bonds Transferred to
Tender |
|
Par |
|
Value |
|
||
|
|
|
|
|
|
||
California (concluded) |
|
|
|
|
|
|
|
San Diego Community College District |
|
$ |
2,154 |
|
$ |
2,165,388 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
18,569,252 |
|
|
|
|
|
|
|
|
|
Colorado 2.6% |
|
|
|
|
|
|
|
Colorado Health Facilities Authority, RB |
|
|
|
|
|
|
|
Series C-3, 5.10%, 10/01/41 |
|
|
7,490 |
|
|
6,851,777 |
|
Series C-7, 5.00%, 9/01/36 |
|
|
4,800 |
|
|
4,410,672 |
|
Colorado Health Facilities Authority, |
|
|
4,299 |
|
|
4,199,055 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
15,461,504 |
|
|
|
|
|
|
|
|
|
Connecticut 3.2% |
|
|
|
|
|
|
|
Connecticut State Health & Educational |
|
|
|
|
|
|
|
Series T-1, 4.70%, 7/01/29 |
|
|
9,130 |
|
|
9,192,997 |
|
Series X-3, 4.85%, 7/01/37 |
|
|
9,270 |
|
|
9,278,714 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
18,471,711 |
|
|
|
|
|
|
|
|
|
Georgia 1.1% |
|
|
|
|
|
|
|
Private Colleges & Universities Authority, |
|
|
6,398 |
|
|
6,266,275 |
|
|
|
|
|
|
|
|
|
New Hampshire 0.7% |
|
|
|
|
|
|
|
New Hampshire Health & Education |
|
|
4,048 |
|
|
4,129,826 |
|
|
|
|
|
|
|
|
|
New York 3.4% |
|
|
|
|
|
|
|
New York City Municipal Water Finance |
|
|
3,194 |
|
|
3,264,819 |
|
New York State Dormitory Authority, |
|
|
16,724 |
|
|
16,310,705 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
19,575,524 |
|
|
|
|
|
|
|
|
|
North Carolina 3.7% |
|
|
|
|
|
|
|
North Carolina Capital Facilities Finance |
|
|
|
|
|
|
|
Duke
University Project, Series A, |
|
|
18,897 |
|
|
18,662,380 |
|
Wake
Forest University, 5.00%, |
|
|
3,120 |
|
|
3,097,037 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
21,759,417 |
|
|
|
|
|
|
|
|
|
Ohio 4.7% |
|
|
|
|
|
|
|
State of Ohio, Refunding RB, Cleveland |
|
|
27,900 |
|
|
27,314,100 |
|
|
|
|
|
|
|
|
|
South Carolina 2.9% |
|
|
|
|
|
|
|
Charleston Educational Excellence |
|
|
|
|
|
|
|
5.25%, 12/01/28 |
|
|
7,795 |
|
|
7,807,550 |
|
5.25%, 12/01/29 |
|
|
6,920 |
|
|
6,894,880 |
|
|
|
|
|
||
6 |
BLACKROCK MUNIYIELD FUND, INC. |
JANUARY 31, 2011 |
|
|
|
|
|
|
Schedule of Investments (continued) |
BlackRock MuniYield Fund, Inc. (MYD) |
|
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
Municipal
Bonds Transferred to Tender |
|
Par |
|
Value |
|
||
|
|
|
|
|
|
|
|
South Carolina (concluded) |
|
|
|
|
|
|
|
Charleston Educational Excellence |
|
|
|
|
|
|
|
5.25%, 12/01/30 |
|
$ |
2,510 |
|
$ |
2,476,341 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
17,178,771 |
|
|
|
|
|
|
|
|
|
Tennessee 1.9% |
|
|
|
|
|
|
|
Shelby County Health Educational & |
|
|
11,240 |
|
|
11,014,188 |
|
|
|
|
|
|
|
|
|
Virginia 9.2% |
|
|
|
|
|
|
|
Fairfax County IDA Virginia, Refunding |
|
|
6,266 |
|
|
6,256,651 |
|
University of Virginia, Refunding RB, |
|
|
10,620 |
|
|
10,729,705 |
|
Virginia HDA, RB, Sub-Series H-1 |
|
|
30,930 |
|
|
30,940,207 |
|
Virginia Small Business Financing |
|
|
6,075 |
|
|
5,682,559 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
53,609,122 |
|
|
|
|
|
|
|
|
|
Washington 0.9% |
|
|
|
|
|
|
|
Central Puget Sound Regional Transit |
|
|
5,384 |
|
|
5,348,213 |
|
|
|
|
|
|
|
|
|
Wisconsin 1.8% |
|
|
|
|
|
|
|
Wisconsin Health & Educational |
|
|
11,458 |
|
|
10,542,610 |
|
|
|
|
|
|
|
|
|
Total
Municipal Bonds Transferred to |
|
|
|
|
|
233,479,264 |
|
|
|
|
|
|
|
|
|
Total
Long-Term Investments |
|
|
|
|
|
947,049,833 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Short-Term Securities |
|
Shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
FFI Institutional Tax-Exempt Fund, |
|
|
15,886,975 |
|
|
15,886,975 |
|
|
|
|
|
|
|
|
|
Total
Short-Term Securities |
|
|
|
|
|
15,886,975 |
|
|
|
|
|
|
|
|
|
Total
Investments |
|
|
|
|
|
962,936,808 |
|
Liabilities in Excess of Other Assets (0.5)% |
|
|
|
|
|
(2,699,644 |
) |
Liability
for Trust Certificates, Including Interest |
|
|
|
|
|
(125,173,650 |
) |
Preferred Shares, at Redemption Value (43.1)% |
|
|
|
|
|
(251,490,121 |
) |
|
|
|
|
|
|
|
|
Net Assets Applicable to Common Shares 100.0% |
|
|
|
|
$ |
583,573,393 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
* |
The cost and unrealized appreciation (depreciation) of investments as of January 31, 2011, as computed for federal income tax purposes, were as follows: |
|
|
|
|
|
Aggregate cost |
|
$ |
876,280,192 |
|
|
|
|
|
|
Gross unrealized appreciation |
|
$ |
12,277,285 |
|
Gross unrealized depreciation |
|
|
(50,717,982 |
) |
|
|
|
|
|
Net unrealized depreciation |
|
$ |
(38,440,697 |
) |
|
|
|
|
|
|
|
(a) |
When-issued security. Unsettled when-issued transactions were as follows: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||
Counterparty |
|
Value |
|
Unrealized |
|
||
|
|
|
|
|
|
||
Goldman Sachs & Co. |
|
$ |
4,534,330 |
|
$ |
56,488 |
|
Morgan Stanley & Co. |
|
$ |
6,348,113 |
|
$ |
61,353 |
|
|
|
|
|
|
|
|
|
|
|
(b) |
Represents a zero-coupon bond. Rate shown reflects the current yield as of report date. |
|
|
(c) |
US 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) |
Variable rate security. Rate shown is as of report date. |
|
|
(e) |
Issuer filed for bankruptcy and/or is in default of interest payments. |
|
|
(f) |
Non-income producing security. |
|
|
(g) |
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. |
|
|
(h) |
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 |
|
Net |
|
Shares |
|
Income |
|
||||
|
|
|
|
|
|
|
|
|
|
||||
FFI Institutional |
|
|
2,366,896 |
|
|
13,520,079 |
|
|
15,886,975 |
|
$ |
10,926 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(i) |
Represents the current yield as of report date. |
|
|
|
|
||
BLACKROCK MUNIYIELD FUND, INC. |
JANUARY 31, 2011 |
7 |
|
|
|
|
|
|
Schedule of Investments (concluded) |
BlackRock MuniYield Fund, Inc. (MYD) |
|
|
|
|
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, 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 Funds 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 Funds policy regarding valuation of investments and other significant accounting policies, please refer to the Funds most recent financial statements as contained in its semi-annual report.
The following table summarizes the inputs used as of January 31, 2011 in determining the fair valuation of the Funds investments:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
Valuation Inputs |
|
Level 1 |
|
Level 2 |
|
Level 3 |
|
Total |
|
||||
|
|
|
|
|
|
|
|
|
|
||||
Assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Investments in Securities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Long-Term Investments1 |
|
|
|
|
$ |
947,049,833 |
|
|
|
|
$ |
947,049,833 |
|
Short-Term Securities |
|
$ |
15,886,975 |
|
|
|
|
|
|
|
|
15,886,975 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total |
|
$ |
15,886,975 |
|
$ |
947,049,833 |
|
|
|
|
$ |
962,936,808 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1 |
See above Schedule of Investments for values in each state or political subdivision. |
|
|
|
|
||
8 |
BLACKROCK MUNIYIELD FUND, INC. |
JANUARY 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: March 25, 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: March 25, 2011 | |||
By: | /s/ Neal J. Andrews | ||
Neal J. Andrews | |||
Chief Financial Officer (principal financial officer) of | |||
BlackRock MuniYield Fund, Inc. | |||
Date: March 25, 2011 | |||