BLACKROCK MUNIYIELD FUND, INC.

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: 04/30/2017

Date of reporting period: 07/31/2016


Item 1 – Schedule of Investments

 


Schedule of Investments July 31, 2016 (Unaudited)

  

BlackRock MuniYield Fund, Inc. (MYD)

(Percentages shown are based on Net Assets)

 

Municipal Bonds   

Par  

(000)

    Value  

Alabama — 2.7%

    

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

   $ 5,250      $ 5,280,608   

County of Jefferson Alabama Sewer, Refunding RB:

    

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

     1,665        1,902,962   

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

     3,175        3,655,092   

Sub-Lien, Series D, 6.00%, 10/01/42

     7,410        8,987,218   
    

 

 

 
               19,825,880   

Alaska — 0.2%

    

Northern Tobacco Securitization Corp., Refunding RB, Tobacco Settlement, Asset-Backed, Series A,
4.63%, 6/01/23

     1,315        1,336,053   

Arizona — 2.1%

    

Salt Verde Financial Corp., RB, Senior:

    

5.00%, 12/01/32

     7,365        9,223,631   

5.00%, 12/01/37

     5,000        6,419,950   
    

 

 

 
               15,643,581   

California — 10.2%

    

California Health Facilities Financing Authority, RB:

    

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

     4,425        5,031,535   

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

     6,465        7,734,597   

California Health Facilities Financing Authority, Refunding RB, Series A:

    

Dignity Health, 6.00%, 7/01/34

     3,155        3,619,984   

St. Joseph Health System, 5.00%, 7/01/33

     2,560        3,074,278   

California Municipal Finance Authority, RB, Senior, Caritas Affordable Housing, Inc. Projects, S/F Housing, Series A:

    

5.25%, 8/15/39

     305        359,690   

5.25%, 8/15/49

     770        902,001   

California Pollution Control Financing Authority, RB, Poseidon Resources (Channel Side) LP Desalination Project, AMT, 5.00%, 11/21/45 (a)

     1,650        1,857,339   
Municipal Bonds   

Par  

(000)

    Value  

California (continued)

    

California Statewide Communities Development Authority, RB, Series A:

    

John Muir Health, 5.13%, 7/01/39

   $ 2,300      $ 2,562,660   

Loma Linda University Medical Center,
5.00%, 12/01/41 (a)

     1,100        1,264,945   

Loma Linda University Medical Center,
5.00%, 12/01/46 (a)

     1,335        1,529,122   

California Statewide Communities Development Authority, Refunding RB, John Muir Health, Series A, 4.00%, 8/15/51

     4,785        5,191,581   

California Statewide Financing Authority, RB, Asset-Backed, Tobacco Settlement, Series A,
6.00%, 5/01/43

     3,285        3,339,235   

City of Los Angeles California Department of Airports, Refunding ARB, Los Angeles International Airport, Series A, 5.25%, 5/15/39

     1,605        1,798,017   

City of Stockton California Public Financing Authority, RB, Delta Water Supply Project, Series A:

    

6.25%, 10/01/38

     405        511,580   

6.25%, 10/01/40

     335        423,159   

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

     6,205        6,204,566   

State of California, GO:

    

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

     10        10,037   

Various Purposes, 6.00%, 3/01/33

     5,085        6,000,758   

Various Purposes, 6.50%, 4/01/33

     14,075        16,247,617   

State of California Public Works Board, LRB, Various Capital Projects:

    

Series I, 5.00%, 11/01/38

     1,605        1,933,447   

Sub-Series I-1, 6.38%, 11/01/34

     2,385        2,810,126   

Tobacco Securitization Authority of Southern California, Refunding RB, Tobacco Settlement, Asset-Backed, Senior Series A-1:

    

4.75%, 6/01/25

     1,345        1,366,533   
 

 

                
   BLACKROCK MUNIYIELD FUND, INC.    JULY 31, 2016    1


Schedule of Investments (continued)

  

BlackRock MuniYield Fund, Inc. (MYD)

 

Municipal Bonds   

Par  

(000)

    Value  

California (continued)

    

Tobacco Securitization Authority of Southern California, Refunding RB, Tobacco Settlement, Asset-Backed, Senior Series A-1 (continued):

    

5.00%, 6/01/37

   $ 1,775      $ 1,775,089   
    

 

 

 
               75,547,896   

Colorado — 0.9%

    

County of Adams Colorado, COP, Refunding,
4.00%, 12/01/40

     1,720        1,921,498   

University of Colorado, RB, Series A (b):

    

5.25%, 6/01/19

     2,250        2,539,058   

5.38%, 6/01/19

     1,250        1,414,975   

5.38%, 6/01/19

     830        939,543   
    

 

 

 
               6,815,074   

Connecticut — 1.6%

    

Connecticut State Health & Educational Facility Authority, RB, Ascension Health Senior Credit, Series A,
5.00%, 11/15/40

     2,770        3,097,525   

Connecticut State Health & Educational Facility Authority, Refunding RB, Wesleyan University, Series G (b):

    

5.00%, 7/01/20

     2,225        2,588,876   

5.00%, 7/01/20

     5,000        5,817,700   
    

 

 

 
               11,504,101   

Delaware — 2.0%

    

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

     2,305        2,595,822   

Delaware Transportation Authority, RB, 5.00%, 6/01/55

     2,430        2,864,703   

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

     8,275        9,074,034   
    

 

 

 
               14,534,559   

District of Columbia — 3.9%

    

District of Columbia, Tax Allocation Bonds, City Market at O Street Project, 5.13%, 6/01/41

     4,440        5,101,871   
Municipal Bonds   

Par  

(000)

    Value  

District of Columbia (continued)

    

Metropolitan Washington Airports Authority, Refunding RB:

    

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

   $ 8,350      $ 5,074,211   

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

     15,000        8,793,300   

Dulles Toll Road, 1st Senior Lien, Series A,
5.25%, 10/01/44

     2,425        2,709,647   

Dulles Toll Road, CAB, 2nd Senior Lien, Series B (AGC), 0.00%, 10/01/33 (c)

     13,410        7,504,102   
    

 

 

 
               29,183,131   

Florida — 5.5%

    

City of Atlantic Beach Florida, RB, Health Care Facilities, Fleet Landing Project, Series B,
5.63%, 11/15/43

     2,805        3,280,027   

City of Clearwater Florida Water & Sewer Revenue, RB, Series A, 5.25%, 12/01/39

     6,900        7,779,750   

County of Alachua Florida Health Facilities Authority, RB, 5.00%, 12/01/44

     4,825        5,628,893   

County of Broward Florida Water & Sewer Utility, Refunding RB, Series A, 5.25%, 10/01/18 (b)

     2,155        2,368,690   

County of Collier Florida Health Facilities Authority, Refunding RB, Series A, 5.00%, 5/01/45

     2,790        3,284,918   

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

     7,530        8,658,672   

Mid-Bay Bridge Authority, RB, Springing Lien, Series A, 7.25%, 10/01/21 (b)

     6,150        8,050,043   

Santa Rosa Bay Bridge Authority, RB,
6.25%, 7/01/28 (d)(e)

     3,803        1,910,877   
    

 

 

 
               40,961,870   

Georgia — 2.3%

    

City of Atlanta Georgia Water & Wastewater, Refunding RB, 5.00%, 11/01/40

     5,270        6,397,042   
 

 

                
2    BLACKROCK MUNIYIELD FUND, INC.    JULY 31, 2016   


Schedule of Investments (continued)

  

BlackRock MuniYield Fund, Inc. (MYD)

 

Municipal Bonds   

Par  

(000)

    Value  

Georgia (continued)

    

County of Gainesville Georgia & Hall Hospital Authority, Refunding RB, Northeast Georgia Health System, Inc. Project, Series A,
5.50%, 8/15/54

   $ 1,075      $ 1,332,850   

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

     1,700        1,917,600   

Metropolitan Atlanta Rapid Transit Authority, RB, Sales Tax, 3rd Indenture, Series A,
5.00%, 7/01/39

     6,945        7,752,703   
    

 

 

 
               17,400,195   

Hawaii — 0.4%

    

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

     2,760        3,148,829   

Idaho — 1.4%

    

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

     10,000        10,024,100   

Illinois — 16.5%

    

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

     1,000        1,004,980   

City of Chicago Illinois, GARB, 3rd Lien:

    

O’Hare International Airport, Series C,
6.50%, 1/01/41

     11,920        14,506,402   

O’Hare International Airport, Series A,
5.75%, 1/01/39

     3,500        4,102,980   

City of Chicago Illinois, GO, Project, Series A,
5.00%, 1/01/34

     3,695        3,761,547   

City of Chicago Illinois, GO, Refunding, Project,
Series A, 5.25%, 1/01/32

     6,390        6,656,591   

City of Chicago Illinois O’Hare International Airport, GARB, 3rd Lien, Series A, 5.63%, 1/01/35

     4,200        4,901,316   

City of Chicago Illinois Transit Authority, RB, Sales Tax Receipts, 5.25%, 12/01/40

     2,130        2,365,834   

City of Chicago Illinois Waterworks, Refunding RB, 2nd Lien Project, 5.00%, 11/01/42

     5,530        6,169,655   
Municipal Bonds   

Par  

(000)

    Value  

Illinois (continued)

    

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

   $ 1,635      $ 1,905,903   

Illinois Finance Authority, Refunding RB:

    

Ascension Health, Series A,
5.00%, 11/15/37

     1,970        2,278,305   

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

     3,235        3,700,096   

Illinois Finance Authority, Refunding RB (continued):

    

Presence Health Network, Series C,
5.00%, 2/15/36 (f)

     445        507,416   

Presence Health Network, Series C,
4.00%, 2/15/41 (f)

     3,000        3,007,650   

Illinois State Toll Highway Authority, RB:

    

Senior, Series C, 5.00%, 1/01/36

     5,435        6,479,281   

Senior, Series C, 5.00%, 1/01/37

     5,815        6,927,409   

Series A, 5.00%, 1/01/38

     4,720        5,470,622   

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

    

CAB, Series B (AGM), 0.00%, 6/15/47 (c)

     27,225        7,989,993   

Series B (AGM), 5.00%, 6/15/50

     12,435        13,500,058   

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

     5,085        5,378,048   

Railsplitter Tobacco Settlement Authority, RB:

    

5.50%, 6/01/23

     2,730        3,215,803   

6.00%, 6/01/28

     2,335        2,800,039   

State of Illinois, GO:

    

5.50%, 7/01/38

     4,000        4,456,680   

5.00%, 2/01/39

     3,195        3,449,833   

Series A, 5.00%, 4/01/38

     2,510        2,690,494   

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

     1,275        1,413,694   

University of Illinois, RB, Auxiliary Facilities System, Series A:

    

5.00%, 4/01/39

     1,675        1,932,766   
 

 

                
   BLACKROCK MUNIYIELD FUND, INC.    JULY 31, 2016    3


Schedule of Investments (continued)

  

BlackRock MuniYield Fund, Inc. (MYD)

 

Municipal Bonds   

Par  

(000)

    Value  

Illinois (continued)

    

5.00%, 4/01/44

   $ 2,045      $ 2,350,564   
    

 

 

 
               122,923,959   

Indiana — 4.7%

    

City of Valparaiso Indiana, RB, Exempt Facilities, Pratt Paper LLC Project, AMT:

    

6.75%, 1/01/34

     1,635        2,024,244   

7.00%, 1/01/44

     3,950        4,943,741   

Indiana Finance Authority, RB, Series A:

    

CWA Authority Project, 1st Lien,
5.25%, 10/01/38

     6,665        7,937,215   

Private Activity Bond, Ohio River Bridges East End Crossing Project, AMT,
5.00%, 7/01/44

     910        1,022,976   

Private Activity Bond, Ohio River Bridges East End Crossing Project, AMT,
5.00%, 7/01/48

     3,015        3,369,353   

Private Activity Bond, Ohio River Bridges East End Crossing Project, AMT,
5.25%, 1/01/51

     840        948,923   

Sisters of St. Francis Health Services,
5.25%, 11/01/39

     1,690        1,900,929   

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

     6,645        7,522,074   

Indiana Municipal Power Agency, RB, Series B,
6.00%, 1/01/19 (b)

     2,230        2,515,083   

Indianapolis Local Public Improvement Bond Bank, RB, Series A, 5.00%, 1/15/40

     2,580        3,057,223   
    

 

 

 
               35,241,761   

Iowa — 1.9%

    

Iowa Finance Authority, Refunding RB, Midwestern Disaster Area, Iowa Fertilizer Co. Project:

    

5.00%, 12/01/19

     1,805        1,874,926   

5.50%, 12/01/22

     4,765        4,955,124   

5.25%, 12/01/25

     940        1,014,034   
Municipal Bonds   

Par  

(000)

    Value  

Iowa (continued)

    

Iowa Student Loan Liquidity Corp., Refunding RB, Student Loan, Senior Series A-1, AMT, 5.15%, 12/01/22

   $ 2,620      $ 2,790,824   

Iowa Tobacco Settlement Authority, Refunding RB, Asset-Backed, CAB, Series B, 5.60%, 6/01/34

     3,500        3,528,175   
    

 

 

 
               14,163,083   

Kansas — 0.7%

    

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

     4,380        5,044,796   

Kentucky — 0.6%

    

Kentucky Economic Development Finance Authority, RB, Catholic Health Initiatives, Series A, 5.25%, 1/01/45

     2,055        2,359,427   

Kentucky Public Transportation Infrastructure Authority, RB, Downtown Crossing Project, Convertible CAB, 1st Tier, Series C, 0.00%, 7/01/43 (g)

     2,485        2,215,502   
    

 

 

 
               4,574,929   

Louisiana — 3.2%

    

East Baton Rouge Sewerage Commission, RB, Series A, 5.25%, 2/01/19 (b)

     1,610        1,793,476   

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

     9,000        9,632,340   

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

     1,260        1,390,813   

Tobacco Settlement Financing Corp., Refunding RB, Asset-Backed, Series A:

    

5.50%, 5/15/30

     2,055        2,351,475   

5.25%, 5/15/31

     1,750        1,984,815   

5.25%, 5/15/32

     2,240        2,581,376   

5.25%, 5/15/33

     2,430        2,780,552   
 

 

                
4    BLACKROCK MUNIYIELD FUND, INC.    JULY 31, 2016   


Schedule of Investments (continued)

  

BlackRock MuniYield Fund, Inc. (MYD)

 

Municipal Bonds    Par  
(000)
    Value  

Louisiana (continued)

    

5.25%, 5/15/35

   $ 1,025      $ 1,179,006   
    

 

 

 
        23,693,853   

Maine — 0.5%

    

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

     3,140        3,470,642   

Maryland — 0.5%

    

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

     1,449        1,450,739   

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

     880        986,093   

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

     1,545        1,535,204   
    

 

 

 
        3,972,036   

Massachusetts — 2.3%

    

Commonwealth of Massachusetts, GO, Series E, 3.00%, 4/01/44

     6,035        6,014,541   

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

     3,250        4,456,465   

Massachusetts Development Finance Agency, Refunding RB, Covanta Energy Project, Series C, AMT, 5.25%, 11/01/42 (a)

     4,565        4,649,635   

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

     1,640        1,827,206   
    

 

 

 
        16,947,847   

Michigan — 4.3%

    

City of Detroit Michigan Sewage Disposal System, Refunding RB, Senior Lien, Series A, 5.25%, 7/01/39

     8,995        10,311,328   

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

     2,795        3,174,785   
Municipal Bonds    Par  
(000)
    Value  

Michigan (continued)

    

Michigan Finance Authority, Refunding RB, Detroit Water & Sewage Department Project, Senior Lien, Series C-1, 5.00%, 7/01/44

   $ 1,830      $ 2,062,099   

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

     6,085        6,946,879   

Royal Oak Hospital Finance Authority, Refunding RB, William Beaumont Hospital, Series V, 8.00%, 9/01/18 (b)

     2,000        2,307,200   

Royal Oak Hospital Finance Authority Michigan, Refunding RB, William Beaumont Hospital, Series V, 8.25%, 9/01/18 (b)

     6,365        7,375,635   
    

 

 

 
        32,177,926   

Mississippi — 0.0%

    

University of Southern Mississippi, RB, Campus Facilities Improvements Project, 5.38%, 9/01/19 (b)

     280        319,864   

Missouri — 0.2%

    

Bi-State Development Agency of the Missouri-Illinois Metropolitan District, Refunding RB, Combined Lien, Series A, 5.00%, 10/01/44

     510        599,056   

State of Missouri Health & Educational Facilities Authority, Refunding RB, St. Louis College of Pharmacy Project, 5.50%, 5/01/43

     510        583,058   
    

 

 

 
        1,182,114   

Nebraska — 0.4%

    

Central Plains Energy Project Nebraska, RB, Gas Project No. 3:

    

5.25%, 9/01/37

     1,670        1,915,674   

5.00%, 9/01/42

     925        1,043,141   
    

 

 

 
        2,958,815   

New Jersey — 5.8%

    

Casino Reinvestment Development Authority, Refunding RB:

    

5.25%, 11/01/39

     3,490        3,723,132   

5.25%, 11/01/44

     3,180        3,378,782   
 

 

                
   BLACKROCK MUNIYIELD FUND, INC.    JULY 31, 2016    5


Schedule of Investments (continued)

  

BlackRock MuniYield Fund, Inc. (MYD)

 

Municipal Bonds   

Par  

(000)

    Value  

New Jersey (continued)

    

County of Essex New Jersey Improvement Authority, RB, AMT, 5.25%, 7/01/45 (a)

   $ 2,250      $ 2,353,590   

New Jersey EDA, RB, AMT:

    

Continental Airlines, Inc. Project, 4.88%, 9/15/19

     1,675        1,782,485   

Continental Airlines, Inc. Project, 5.25%, 9/15/29

     975        1,091,737   

Kapkowski Road Landfill Project, Series B, 6.50%, 4/01/31

     2,500        3,083,500   

New Jersey State Turnpike Authority, RB:

    

Series A, 5.00%, 1/01/38

     1,355        1,588,385   

Series A, 5.00%, 1/01/43

     1,835        2,145,445   

Series E, 5.00%, 1/01/45

     5,425        6,444,629   

New Jersey Transportation Trust Fund Authority, RB:

    

CAB, Transportation System, Series C (AMBAC), 0.00%, 12/15/35 (c)

     7,395        3,465,445   

Transportation Program, Series AA, 5.00%, 6/15/44

     3,875        4,297,375   

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

     3,630        4,047,523   

Transportation System, Series B, 5.25%, 6/15/36

     4,990        5,519,638   
    

 

 

 
               42,921,666   

New York — 8.6%

    

City of New York New York Transitional Finance Authority, RB:

    

Fiscal 2012, Sub-Series E-1, 5.00%, 2/01/42

     4,985        5,892,120   

Future Tax Secured Revenue, Fiscal 2015, Series B, Sub-Series B-1, 5.00%, 8/01/39

     5,055        6,213,657   

Counties of New York Tobacco Trust IV, Refunding RB, Settlement Pass-Through Turbo, Series A, 6.25%, 6/01/41 (a)

     3,700        3,916,709   

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

     473        550,443   

Erie Tobacco Asset Securitization Corp., Refunding RB, Asset-Backed, Series A, 5.00%, 6/01/45

     4,070        4,070,203   
Municipal Bonds   

Par  

(000)

    Value  

New York (continued)

    

Metropolitan Transportation Authority, RB, Series B:

    

5.25%, 11/15/38

   $ 4,960      $ 6,121,979   

5.25%, 11/15/39

     1,765        2,177,039   

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

     4,910        5,577,662   

New York Liberty Development Corp., Refunding RB:

    

2nd Priority, Bank of America Tower at One Bryant Park Project, Class 3, 6.38%, 7/15/49

     2,480        2,820,554   

3 World Trade Center Project, Class 1, 5.00%, 11/15/44 (a)

     8,145        9,339,383   

3 World Trade Center Project, Class 2, 5.15%, 11/15/34 (a)

     705        792,942   

New York Liberty Development Corp., Refunding RB (continued):

    

3 World Trade Center Project, Class 2, 5.38%, 11/15/40 (a)

     1,760        2,050,787   

New York State Dormitory Authority, Refunding RB, General Purpose, Series A, 5.00%, 6/15/31

     3,595        4,367,278   

Port Authority of New York & New Jersey, ARB, Special Project, JFK International Air Terminal LLC Project, Series 8:

    

6.00%, 12/01/36

     2,625        3,096,686   

6.00%, 12/01/42

     1,485        1,746,880   

Westchester Tobacco Asset Securitization, Refunding RB, 5.13%, 6/01/45

     4,900        4,899,559   
    

 

 

 
               63,633,881   

North Carolina — 1.9%

    

North Carolina Capital Facilities Finance Agency, Refunding RB, Solid Waste Disposal Facility, Duke Energy Carolinas Project, Series B, 4.63%, 11/01/40

     1,140        1,270,838   

North Carolina Medical Care Commission, RB, Health Care Facilities, Duke University Health System, Series A, 5.00%, 6/01/19 (b)

     2,805        3,146,509   
 

 

                
6    BLACKROCK MUNIYIELD FUND, INC.    JULY 31, 2016   


Schedule of Investments (continued)

  

BlackRock MuniYield Fund, Inc. (MYD)

 

Municipal Bonds   

Par  

(000)

    Value  

North Carolina (continued)

    

North Carolina Medical Care Commission, Refunding RB, 1st Mortgage:

    

Aldersgate, 6.25%, 7/01/35

   $ 2,970      $ 3,391,680   

Presbyterian Homes, 5.40%, 10/01/27

     5,000        5,029,850   

Retirement Facilities Whitestone Project, Series A, 7.75%, 3/01/41

     1,210        1,399,825   
    

 

 

 
               14,238,702   

Ohio — 2.1%

    

Buckeye Tobacco Settlement Financing Authority, RB, Asset-Backed, Senior Turbo Term, Series A-2, 5.88%, 6/01/47

     4,575        4,540,413   

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

     4,320        4,646,765   

County of Franklin Ohio, RB, Health Care Facilities Improvement, OPRS Communities Obligation Group, Series A, 6.13%, 7/01/40

     1,380        1,572,206   

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

     2,840        3,065,638   

State of Ohio, RB, Portsmouth Bypass Project, AMT, 5.00%, 6/30/53

     1,685        1,904,640   
    

 

 

 
               15,729,662   

Pennsylvania — 3.1%

    

Allentown Neighborhood Improvement Zone Development Authority, Refunding RB, Series A, 5.00%, 5/01/42

     5,250        5,728,485   

City of Philadelphia Pennsylvania Hospitals & Higher Education Facilities Authority, RB, Temple University Health System, Series A, 5.63%, 7/01/42

     1,325        1,487,180   

Pennsylvania Economic Development Financing Authority, RB:

    

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

     3,805        4,253,761   

Pennsylvania Bridge Finco LP, AMT, 5.00%, 6/30/42

     1,765        2,074,157   
Municipal Bonds   

Par  

(000)

    Value  

Pennsylvania (continued)

    

Pennsylvania Economic Development Financing Authority, Refunding RB, National Gypsum Co., AMT, 5.50%, 11/01/44

   $ 3,210      $ 3,612,759   

Pennsylvania Turnpike Commission, RB:

    

Series A, 5.00%, 12/01/44

     2,305        2,740,069   

Series A-1, 5.00%, 12/01/46

     2,880        3,429,677   
    

 

 

 
               23,326,088   

Rhode Island — 2.7%

    

Central Falls Detention Facility Corp., Refunding RB, 7.25%, 7/15/35 (d)(e)

     4,155        1,031,603   

Tobacco Settlement Financing Corp., Refunding RB, Series B:

    

4.50%, 6/01/45

     8,215        8,782,985   

Tobacco Settlement Financing Corp., Refunding RB, Series B (continued):

    

5.00%, 6/01/50

     9,875        10,580,865   
    

 

 

 
               20,395,453   

South Carolina — 4.3%

    

State of South Carolina Ports Authority, RB:

    

5.25%, 7/01/40

     6,695        7,599,896   

AMT, 5.25%, 7/01/55

     2,690        3,141,597   

State of South Carolina Public Service Authority, RB, Santee Cooper, Series A, 5.50%, 12/01/54

     8,090        9,741,654   

State of South Carolina Public Service Authority, Refunding RB, Series E, 5.25%, 12/01/55

     9,550        11,547,956   
    

 

 

 
               32,031,103   

Tennessee — 0.8%

    

City of Chattanooga Tennessee Health Educational & Housing Facility Board, RB, Catholic Health Initiatives, Series A, 5.25%, 1/01/45

     2,855        3,277,940   

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

     585        585,129   
 

 

                
   BLACKROCK MUNIYIELD FUND, INC.    JULY 31, 2016    7


Schedule of Investments (continued)

  

BlackRock MuniYield Fund, Inc. (MYD)

 

Municipal Bonds   

Par  

(000)

    Value  

Tennessee (continued)

    

Metropolitan Government Nashville & Davidson County Health & Educational Facilities Board, RB, Vanderbilt University Medical Center, Series A, 5.00%, 7/01/46

   $ 1,440      $ 1,729,353   
    

 

 

 
               5,592,422   

Texas — 6.6%

    

Central Texas Regional Mobility Authority, Refunding RB:

    

Senior Lien, 6.25%, 1/01/21 (b)

     4,365        5,375,148   

Sub-Lien, 5.00%, 1/01/33

     725        826,370   

Central Texas Turnpike System, Refunding RB, Series C, 5.00%, 8/15/42

     1,225        1,427,492   

City of Dallas Texas Waterworks & Sewer System, Refunding RB, 5.00%, 10/01/35

     3,060        3,550,396   

City of Houston Texas Airport System, RB, AMT, Series B-1, 5.00%, 7/15/30

     3,600        4,127,292   

City of Houston Texas Airport System, Refunding ARB:

    

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

     3,100        3,375,187   

United Airlines, Inc. Terminal E Project, AMT, 5.00%, 7/01/29

     2,200        2,488,266   

Clifton Higher Education Finance Corp., RB, Idea Public Schools, 6.00%, 8/15/43

     1,525        1,861,156   

County of Harris Texas Cultural Education Facilities Finance Corp., RB, 1st Mortgage, Brazos Presbyterian Homes, Inc. Project, Series B:

    

6.38%, 1/01/33

     460        541,682   

7.00%, 1/01/43

     485        583,436   

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

     4,320        4,913,741   

La Vernia Higher Education Finance Corp., RB, Kipp, Inc., Series A, 6.38%, 8/15/19 (b)

     1,000        1,167,270   

North Texas Tollway Authority, RB, CAB, Special Project System, Series B, 0.00%, 9/01/37 (c)

     4,110        1,881,311   
Municipal Bonds   

Par  

(000)

    Value  

Texas (continued)

    

North Texas Tollway Authority, Refunding RB, Series A, 5.00%, 1/01/38

   $ 1,910      $ 2,267,399   

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

    

LBJ Infrastructure Group LLC, 7.00%, 6/30/40

     6,000        7,109,940   

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

     6,255        7,419,806   
    

 

 

 
               48,915,892   

Virginia — 1.3%

    

Virginia Small Business Financing Authority, RB, Senior Lien, Elizabeth River Crossings OpCo LLC Project, AMT:

    

5.25%, 1/01/32

     3,270        3,752,390   

Virginia Small Business Financing Authority, RB, Senior Lien, Elizabeth River Crossings OpCo LLC Project, AMT (continued):

    

6.00%, 1/01/37

     4,750        5,674,208   
    

 

 

 
               9,426,598   

Washington — 1.0%

    

Port of Seattle Washington, RB, Series C, AMT, 5.00%, 4/01/40

     1,565        1,838,609   

Washington Health Care Facilities Authority, RB, Catholic Health Initiatives, Series A, 5.75%, 1/01/45

     4,745        5,739,125   
    

 

 

 
               7,577,734   

Wisconsin — 3.5%

    

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

     14,300        16,246,802   

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

     4,970        5,624,300   
 

 

                
8    BLACKROCK MUNIYIELD FUND, INC.    JULY 31, 2016   


Schedule of Investments (continued)

  

BlackRock MuniYield Fund, Inc. (MYD)

 

Municipal Bonds   

Par  

(000)

    Value  

Wisconsin (continued)

    

Wisconsin Health & Educational Facilities Authority, Refunding RB, Medical College of Wisconsin, Inc., 4.00%, 12/01/46

   $ 3,790      $ 4,139,817   
    

 

 

 
               26,010,919   

Wyoming — 1.0%

    

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

     6,195        6,987,836   

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

     595        644,796   
    

 

 

 
               7,632,632   
Total Municipal Bonds 111.7%        830,029,646   
    
                  

Municipal Bonds Transferred to

Tender Option Bond Trusts (h)

 

Alabama — 0.6%

    

City of Birmingham Alabama Special Care Facilities Financing Authority, Refunding RB, Ascension Health, Senior Credit, Series C-2, 5.00%, 11/15/16 (b)

     4,538        4,599,000   

California — 7.5%

    

Bay Area Toll Authority, Refunding RB, San Francisco Bay Area, Series F-1, 5.63%, 4/01/19 (b)

     6,582        7,453,712   

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

     5,310        5,822,946   

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

     19,080        21,587,112   

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

     11,973        13,646,117   

Los Angeles Community College District California, GO, Election of 2001, Series A (AGM), 5.00%, 8/01/17 (b)

     4,650        4,862,412   

Municipal Bonds Transferred to

Tender Option Bond Trusts (h)

  

Par  

(000)

    Value  

California (continued)

    

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

   $ 2,154      $ 2,448,650   
    

 

 

 
               55,820,949   

Colorado — 3.6%

    

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

    

Series C-3, 5.10%, 4/01/18

     7,490        8,081,785   

Series C-7, 5.00%, 5/01/18

     4,800        5,172,048   

Colorado Health Facilities Authority, Refunding RB, Catholic Health Initiatives, Series A, 5.50%, 7/01/34 (i)

     4,299        4,822,020   

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

     7,820        8,633,593   
    

 

 

 
               26,709,446   

Connecticut — 2.6%

    

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

    

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

     9,117        9,452,132   

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

     9,266        9,618,170   
    

 

 

 
               19,070,302   

Florida — 1.8%

    

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

     11,448        13,166,676   

Georgia — 0.9%

    

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

     6,398        6,962,787   

Massachusetts — 0.7%

    

Massachusetts School Building Authority, RB, Senior, Series B, 5.00%, 10/15/41

     4,607        5,449,425   

New Hampshire — 0.6%

    

New Hampshire Health & Education Facilities Authority, RB, Dartmouth College, 5.25%, 6/01/19 (b)(i)

     4,049        4,567,933   
 

 

                
   BLACKROCK MUNIYIELD FUND, INC.    JULY 31, 2016    9


Schedule of Investments (continued)

  

BlackRock MuniYield Fund, Inc. (MYD)

 

Municipal Bonds Transferred to

Tender Option Bond Trusts (h)

  

Par  

(000)

    Value  

New York — 9.2%

    

City of New York New York Municipal Water Finance Authority, Refunding RB, Water & Sewer System, 2nd General Resolution, Series FF-2, 5.50%, 6/15/40

   $ 3,195      $ 3,619,296   

Hudson Yards Infrastructure Corp., RB, Fiscal 2012, Series A, 5.75%, 2/15/47 (i)

     3,260        3,854,272   

Metropolitan Transportation Authority, Refunding RB, Series C-1, 5.25%, 11/15/56

     9,939        12,271,355   

New York Liberty Development Corp., RB, 1 World Trade Center Port Authority Consolidated Bonds, 5.25%, 12/15/43

     21,629        26,040,256   

New York Liberty Development Corp., Refunding RB, 4 World Trade Center Project, 5.75%, 11/15/51 (i)

     13,081        15,825,551   

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

     5,400        6,709,716   
    

 

 

 
               68,320,446   

North Carolina — 3.9%

    

North Carolina Capital Facilities Finance Agency, Refunding RB:

    

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

     18,897        19,037,639   

Duke University Project, Series B, 5.00%, 10/01/55

     5,290        6,440,469   

North Carolina Capital Facilities Finance Agency, Refunding RB (continued):

    

Wake Forest University, 5.00%, 1/01/19 (b)

     3,120        3,448,817   
    

 

 

 
               28,926,925   

Ohio — 4.2%

    

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

     27,896        30,970,283   

Municipal Bonds Transferred to

Tender Option Bond Trusts (h)

  

Par  

(000)

    Value  

Texas — 2.9%

    

City of San Antonio Texas Public Service Board, RB, Electric & Gas Systems, Junior Lien, 5.00%, 2/01/43

   $ 5,060      $ 5,991,850   

County of Harris Texas Metropolitan Transit Authority, Refunding RB, Series A, 5.00%, 11/01/41

     6,920        8,126,709   

University of Texas, Refunding RB, Financing System, Series B, 5.00%, 8/15/43

     6,243        7,461,145   
    

 

 

 
               21,579,704   

Utah — 1.1%

    

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

     7,303        8,035,663   

Virginia — 3.4%

    

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

     6,266        7,081,532   

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

     10,618        11,460,835   

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

     6,075        6,874,978   
    

 

 

 
               25,417,345   

Washington — 0.7%

    

Central Puget Sound Regional Transit Authority, RB, Series A (AGM), 5.00%, 11/01/17 (b)

     5,384        5,682,281   

Wisconsin — 1.7%

    

Wisconsin Health & Educational Facilities Authority, Refunding RB, Froedtert & Community Health, Inc., Obligated Group, Series C, 5.25%, 4/01/39 (i)

     11,456        12,485,819   
Total Municipal Bonds Transferred to
Tender Option Bond Trusts
45.4%
        337,764,984   
Total Long-Term Investments
(Cost — $1,037,013,614) — 157.1%
        1,167,794,630   
 

 

                
10    BLACKROCK MUNIYIELD FUND, INC.    JULY 31, 2016   


Schedule of Investments (continued)

  

BlackRock MuniYield Fund, Inc. (MYD)

 

Short-Term Securities    Shares     Value  

BlackRock Liquidity Funds, MuniCash, Institutional Class, 0.26% (j)(k)

     3,560,817      $ 3,560,817   
Total Short-Term Securities
(Cost — $3,560,817) — 0.5%
             3,560,817   
                 Value  
Total Investments (Cost — $1,040,574,431*) — 157.6%      $ 1,171,355,447   

Other Assets Less Liabilities — 0.6%

       4,282,130   

Liability for TOB Trust Certificates, Including Interest
Expense and Fees Payable
 — (24.4)%

   

    (181,399,027

Loan for TOB Trust Certificates

       (59,784

VRDP Shares, at Liquidation Value, Net of Deferred Offering Costs — (33.8)%

   

    (251,004,658
    

 

 

 

Net Assets Applicable to Common Shares 100.0%

  

  $ 743,174,108   
    

 

 

 

 

*   As of July 31, 2016, gross unrealized appreciation and depreciation based on cost for federal income tax purposes were as follows:

 

Tax cost

     $ 860,033,213   
    

 

 

 

Gross unrealized appreciation

     $ 135,399,995   

Gross unrealized depreciation

       (5,309,939
    

 

 

 

Net unrealized appreciation

     $ 130,090,056   
    

 

 

 
 
Notes to Schedule of Investments

 

(a)   Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors.

 

(b)   U.S. Government securities, held in escrow, are used to pay interest on this security, as well as to retire the bond in full at the date indicated, typically at a premium to par.

 

(c)   Zero-coupon bond.

 

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

 

(e)   Non-income producing security.

 

(f)   When-issued security.

 

(g)   Step-up bond that pays an initial coupon rate for the first period and then a higher coupon rate for the following periods. Rate as of period end.

 

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

 

(i)   All or a portion of security is subject to a recourse agreement. The aggregate maximum potential amount the Fund could ultimately be required to pay under the agreements, which expire between October 1, 2016 and November 15, 2019, is $23,450,904.

 

(j)   During the period ended July 31, 2016, investments in issuers considered to be an affiliate of the Fund 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,

2016

      

Net

Activity

      

Shares Held

at July 31,
2016

      

Value at

July 31, 2016

      

Net

Income

 

BlackRock Liquidity Funds, MuniCash, Institutional Class

       6,922,502           (3,361,685        3,560,817         $ 3,560,817         $ 3,321   

 

(k)   Current yield as of period end.

 

Derivative Financial Instruments Outstanding as of Period End

 

                
   BLACKROCK MUNIYIELD FUND, INC.    JULY 31, 2016    11


Schedule of Investments (continued)

  

BlackRock MuniYield Fund, Inc. (MYD)

 

Futures Contracts

 

Contracts
Short
    Issue   Expiration   Notional
Value
 

Unrealized
Appreciation

(Depreciation)

 
  (73   5-Year U.S. Treasury Note   September 2016   $  8,907,141   $ 14,068   
  (89   10-Year U.S. Treasury Note   September 2016   $11,841,172     15,667   
  (49   Long U.S. Treasury Bond   September 2016   $  8,547,437     (171,605
  (17   Ultra U.S. Treasury Bond   September 2016   $  3,239,031     (100,387

 

Total

  $ (242,257
       

 

 

 

 

Portfolio Abbreviations

 

AGC    Assured Guarantee Corp.
AGM    Assured Guaranty Municipal Corp.
AMBAC    American Municipal Bond Assurance Corp.
AMT    Alternative Minimum Tax (subject to)
ARB    Airport Revenue Bonds
CAB    Capital Appreciation Bonds
COP    Certificates of Participation
EDA    Economic Development Authority
EDC    Economic Development Corp.
GARB    General Airport Revenue Bonds
GO    General Obligation Bonds
IDA    Industrial Development Authority
LRB    Lease Revenue Bonds
RB    Revenue Bonds
S/F    Single-Family

 

 

                
12    BLACKROCK MUNIYIELD FUND, INC.    JULY 31, 2016   


Schedule of Investments (continued)

  

BlackRock MuniYield Fund, Inc. (MYD)

 

 

Fair Value Hierarchy as of Period End

Various inputs are used in determining the fair value of investments and derivative financial instruments. These inputs to valuation techniques are categorized into a fair value hierarchy consisting of three broad levels for financial reporting purposes as follows:

 

   

Level 1 — unadjusted price quotations in active markets/exchanges for identical assets or liabilities that the Fund has the ability to access

 

   

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

 

   

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 hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the fair value hierarchy classification is determined based on the lowest level input that is significant to the fair value measurement in its entirety. The significant unobservable inputs used by the Global Valuation Committee in determining the price for Fair Valued Investments are typically categorized as Level 3.

Changes in valuation techniques may result in transfers into or out of an assigned level within the hierarchy. In accordance with the Fund’s policy, transfers between different levels of the fair value hierarchy are deemed to have occurred as of the beginning of the reporting period. The categorization of a value determined for investments and derivative financial instruments is based on the pricing transparency of the investments and derivative financial instruments and is not necessarily an indication of the risks associated with investing in those securities. For information about the Fund’s policy regarding valuation of investments and derivative financial instruments, refer to the Fund’s most recent financial statements as contained in its annual report.

The following tables summarize the Fund’s investments and derivative financial instruments categorized in the disclosure hierarchy:

 

     Level 1        Level 2        Level 3        Total  

Assets:

                
Investments:                 

Long-Term Investments1

            $ 1,167,794,630                   $ 1,167,794,630   

Short-Term Securities

  $ 3,560,817                               3,560,817   
 

 

 

 

Total

  $ 3,560,817         $ 1,167,794,630                   $ 1,171,355,447   
 

 

 

 
                
Derivative Financial Instruments2                                         

Assets:

                

Interest rate contracts

  $ 29,735                             $ 29,735   

Liabilities:

                

Interest rate contracts

    (271,992                            (271,992
 

 

 

 

Total

  $ (242,257                          $ (242,257
 

 

 

 

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

       

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

       

 

                
   BLACKROCK MUNIYIELD FUND, INC.    JULY 31, 2016    13


Schedule of Investments (concluded)

  

BlackRock MuniYield Fund, Inc. (MYD)

 

The Fund may hold assets and/or liabilities in which the fair value approximates the carrying amount for financial reporting purposes. As of period end, such assets and/or liabilities are categorized within the disclosure hierarchy as follows:

 

     Level 1        Level 2        Level 3      Total  

Assets:

                

Cash

  $ 504         $              $ 504   

Cash pledged for futures contracts

    447,850                          447,850   

Liabilities:

                

Loan for TOB Trust Certificates

              (59,784             (59,784

TOB Trust Certificates

              (181,232,178             (181,232,178

VRDP Shares

              (251,400,000             (251,400,000
 

 

 

 

Total

  $ 448,354         $ (432,691,962           $ (432,243,608
 

 

 

 

During the period ended July 31, 2016, there were no transfers between levels.

 

                
14    BLACKROCK MUNIYIELD FUND, INC.    JULY 31, 2016   


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 21, 2016  

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 21, 2016  
By:  

/s/ Neal J. Andrews

 
  Neal J. Andrews  
  Chief Financial Officer (principal financial officer) of
  BlackRock MuniYield Fund, Inc.
Date:   September 21, 2016