UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM N-Q

 

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY

 

Investment Company Act file number 811-06414

 

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

 

Fund Address: 100 Bellevue Parkway, Wilmington, DE 19809

 

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

 

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

 

Date of fiscal year end: 04/30/2012

 

Date of reporting period: 01/31/2012

 

Item 1 – Schedule of Investments

 

 

 

 

 

Schedule of Investments January 31, 2012 (Unaudited)

MuniYield Fund, Inc. (MYD)

(Percentages shown are based on Net Assets)


 

 

 

 

 

 

 

 

Municipal Bonds

 

Par
(000)

 

Value

 

Alabama — 0.7%

 

 

 

 

 

 

 

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

 

$

5,250

 

$

4,809,892

 

Alaska — 1.0%

 

 

 

 

 

 

 

Northern Tobacco Securitization Corp.,
RB, Asset-Backed, Series A:

 

 

 

 

 

 

 

4.63%, 6/01/23

 

 

2,500

 

 

2,451,250

 

5.00%, 6/01/46

 

 

6,450

 

 

4,747,651

 

 

 

 

 

 

 

7,198,901

 

Arizona — 6.7%

 

 

 

 

 

 

 

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

 

 

5,240

 

 

5,734,551

 

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

 

 

3,300

 

 

2,264,097

 

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

 

 

 

 

 

 

 

6.25%, 6/01/19

 

 

3,000

 

 

2,704,050

 

6.30%, 4/01/23

 

 

5,090

 

 

4,432,677

 

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

 

 

3,000

 

 

3,070,200

 

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

 

 

720

 

 

720,288

 

Salt Verde Financial Corp., RB, Senior:

 

 

 

 

 

 

 

5.00%, 12/01/32

 

 

7,365

 

 

7,336,203

 

5.00%, 12/01/37

 

 

14,190

 

 

14,087,265

 

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

 

 

2,125

 

 

2,287,924

 

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

 

 

3,900

 

 

3,962,439

 

 

 

 

 

 

 

46,599,694

 

Arkansas — 0.5%

 

 

 

 

 

 

 

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

 

 

3,385

 

 

3,395,697

 

California — 9.8%

 

 

 

 

 

 

 

California Health Facilities Financing
Authority, Refunding RB:

 

 

 

 

 

 

 

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

 

 

3,155

 

 

3,639,482

 

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

 

 

4,425

 

 

4,852,145

 

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

 

 

6,465

 

 

7,447,939

 

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

 

 

2,385

 

 

2,753,077

 

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

 

 

4,375

 

 

4,565,269

 

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

 

 

1,605

 

 

1,786,413

 

 

 

 

 

 

 

 

 

Municipal Bonds

 

Par
(000)

 

Value

 

California (concluded)

 

 

 

 

 

 

 

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

 

$

11,970

 

$

13,233,433

 

State of California, GO:

 

 

 

 

 

 

 

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

 

 

10

 

 

10,474

 

Various Purpose, 6.00%,
3/01/33

 

 

5,085

 

 

6,040,065

 

Various Purpose, 6.50%,
4/01/33

 

 

14,075

 

 

17,311,405

 

Various Purpose, 5.00%,
10/01/41

 

 

6,190

 

 

6,702,532

 

 

 

 

 

 

 

68,342,234

 

Colorado — 2.5%

 

 

 

 

 

 

 

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

 

 

2,785

 

 

2,980,925

 

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

 

 

115

 

 

121,481

 

Plaza Metropolitan District No. 1
Colorado, Tax Allocation Bonds, Public
Improvement Fee, Tax Increment:

 

 

 

 

 

 

 

8.00%, 12/01/25

 

 

6,850

 

 

7,079,269

 

Subordinate, 8.13%,
12/01/25

 

 

1,885

 

 

1,832,088

 

University of Colorado, RB, Series A:

 

 

 

 

 

 

 

5.25%, 6/01/30

 

 

2,250

 

 

2,693,812

 

5.38%, 6/01/32

 

 

1,250

 

 

1,491,238

 

5.38%, 6/01/38

 

 

830

 

 

954,741

 

 

 

 

 

 

 

17,153,554

 

Connecticut — 1.6%

 

 

 

 

 

 

 

Connecticut State Health & Educational
Facility Authority, RB:

 

 

 

 

 

 

 

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

 

 

2,770

 

 

2,976,669

 

Wesleyan University, 5.00%,
7/01/35

 

 

2,225

 

 

2,507,909

 

Wesleyan University, 5.00%,
7/01/39

 

 

5,000

 

 

5,569,550

 

 

 

 

 

 

 

11,054,128

 

Delaware — 1.5%

 

 

 

 

 

 

 

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

 

 

2,305

 

 

2,389,686

 

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

 

 

8,275

 

 

8,357,088

 

 

 

 

 

 

 

10,746,774

 

District of Columbia — 2.7%

 

 

 

 

 

 

 

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

 

 

4,440

 

 

4,651,388

 

 

 

 

 

 

 

 

 

 

MUNIYIELD FUND, INC.

JANUARY 31, 2012

1


 

 

 

 

Schedule of Investments (continued)

MuniYield Fund, Inc. (MYD)

(Percentages shown are based on Net Assets)


 

 

 

 

 

 

 

 

Municipal Bonds

 

Par
(000)

 

Value

 

District of Columbia (concluded)

 

 

 

 

 

 

 

Metropolitan Washington Airports
Authority, RB:

 

 

 

 

 

 

 

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

 

$

8,350

 

$

3,119,226

 

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

 

 

15,000

 

 

5,265,750

 

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

 

 

13,410

 

 

4,446,756

 

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

 

 

1,500

 

 

1,628,850

 

 

 

 

 

 

 

19,111,970

 

Florida — 6.9%

 

 

 

 

 

 

 

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

 

 

6,900

 

 

7,750,908

 

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

 

 

2,155

 

 

2,415,496

 

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

 

 

7,530

 

 

8,322,231

 

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

 

 

2,500

 

 

2,490,525

 

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

 

 

 

 

 

 

 

Series A, 7.13%, 4/01/30

 

 

11,500

 

 

10,697,300

 

Series B, 7.13%, 4/01/30

 

 

5,000

 

 

4,651,000

 

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

 

 

4,615

 

 

4,931,728

 

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

 

 

5,170

 

 

5,236,021

 

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

 

 

4,620

 

 

1,616,908

 

 

 

 

 

 

 

48,112,117

 

Georgia — 1.3%

 

 

 

 

 

 

 

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

 

 

1,700

 

 

1,836,187

 

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

 

 

6,945

 

 

7,558,591

 

 

 

 

 

 

 

9,394,778

 

Guam — 0.7%

 

 

 

 

 

 

 

Territory of Guam, GO, Series A:

 

 

 

 

 

 

 

6.00%, 11/15/19

 

 

1,270

 

 

1,397,406

 

6.75%, 11/15/29

 

 

1,815

 

 

1,932,140

 

7.00%, 11/15/39

 

 

1,200

 

 

1,270,968

 

 

 

 

 

 

 

4,600,514

 

 

 

 

 

 

 

 

 

Municipal Bonds

 

Par
(000)

 

Value

 

Hawaii — 0.4%

 

 

 

 

 

 

 

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

 

$

2,760

 

$

3,077,455

 

Idaho — 1.4%

 

 

 

 

 

 

 

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

 

 

10,000

 

 

10,011,600

 

Illinois — 9.6%

 

 

 

 

 

 

 

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

 

 

1,000

 

 

872,350

 

City of Chicago Illinois, GO, Board of
Education, Series A:

 

 

 

 

 

 

 

5.50%, 12/01/39

 

 

4,280

 

 

4,849,582

 

5.00%, 12/01/41

 

 

1,410

 

 

1,509,532

 

City of Chicago Illinois, RB:

 

 

 

 

 

 

 

General Third Lien, Series A, 5.63%,
1/01/35

 

 

4,200

 

 

4,778,382

 

Series A, 5.25%, 1/01/38

 

 

1,660

 

 

1,871,916

 

Series A, 5.75%, 1/01/39

 

 

3,500

 

 

3,994,900

 

Series C, 6.50%, 1/01/41

 

 

11,920

 

 

14,404,605

 

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

 

 

2,130

 

 

2,375,781

 

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

 

 

3,130

 

 

3,321,243

 

Illinois Finance Authority, Refunding RB:

 

 

 

 

 

 

 

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

 

 

3,235

 

 

3,537,375

 

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

 

 

875

 

 

736,943

 

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

 

 

 

 

 

 

 

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

 

 

11,405

 

 

1,754,887

 

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

 

 

27,225

 

 

3,953,614

 

Series B, 5.00%, 6/15/50

 

 

6,405

 

 

6,587,735

 

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

 

 

5,085

 

 

5,228,295

 

Railsplitter Tobacco Settlement
Authority, RB:

 

 

 

 

 

 

 

5.50%, 6/01/23

 

 

2,730

 

 

3,114,712

 

6.00%, 6/01/28

 

 

2,335

 

 

2,618,282

 

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

 

 

1,275

 

 

1,411,846

 

 

 

 

 

 

 

66,921,980

 

Indiana — 2.2%

 

 

 

 

 

 

 

Indiana Finance Authority, RB:

 

 

 

 

 

 

 

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

 

 

1,690

 

 

1,815,499

 

Waste Water Utility, First Lien,
CWA Authority, Series A,
5.25%, 10/01/38

 

 

3,200

 

 

3,577,792

 

 

 

 

 

 

 

 

 

 

MUNIYIELD FUND, INC.

JANUARY 31, 2012

2


 

 

 

 

Schedule of Investments (continued)

MuniYield Fund, Inc. (MYD)

(Percentages shown are based on Net Assets)

 

 

 

 

 

 

 

 

Municipal Bonds

 

Par
(000)

 

Value

 

Indiana (concluded)

 

 

 

 

 

 

 

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

 

$

6,645

 

$

7,383,393

 

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

 

 

2,230

 

 

2,543,315

 

 

 

 

 

 

 

15,319,999

 

Iowa — 0.6%

 

 

 

 

 

 

 

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

 

 

4,165

 

 

4,466,921

 

Kansas — 1.2%

 

 

 

 

 

 

 

Kansas Development Finance Authority,
Refunding RB:

 

 

 

 

 

 

 

Adventist Health, 5.75%,
11/15/38

 

 

4,380

 

 

5,017,597

 

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

 

 

3,365

 

 

3,586,585

 

 

 

 

 

 

 

8,604,182

 

Louisiana — 3.7%

 

 

 

 

 

 

 

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

 

 

1,610

 

 

1,789,918

 

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

 

 

9,000

 

 

9,717,210

 

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

 

 

1,260

 

 

1,354,424

 

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

 

 

13,000

 

 

13,038,610

 

 

 

 

 

 

 

25,900,162

 

Maine — 0.5%

 

 

 

 

 

 

 

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

 

 

3,140

 

 

3,335,559

 

Maryland — 0.7%

 

 

 

 

 

 

 

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

 

 

1,500

 

 

1,451,730

 

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

 

 

880

 

 

907,817

 

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

 

 

1,690

 

 

1,751,719

 

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

 

 

500

 

 

508,785

 

 

 

 

 

 

 

4,620,051

 

 

 

 

 

 

 

 

 

Municipal Bonds

 

Par
(000)

 

Value

 

Massachusetts — 1.6%

 

 

 

 

 

 

 

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

 

$

3,250

 

$

4,357,600

 

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

 

 

3,500

 

 

3,231,060

 

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

 

 

3,640

 

 

3,881,114

 

 

 

 

 

 

 

11,469,774

 

Michigan — 3.2%

 

 

 

 

 

 

 

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

 

 

1,835

 

 

2,316,229

 

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

 

 

2,795

 

 

3,012,451

 

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

 

 

6,085

 

 

6,563,038

 

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

 

 

 

 

 

 

 

8.00%, 9/01/29

 

 

2,000

 

 

2,521,940

 

8.25%, 9/01/39

 

 

6,365

 

 

7,871,086

 

 

 

 

 

 

 

22,284,744

 

Minnesota — 2.9%

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

6.00%, 8/20/21

 

 

420

 

 

441,869

 

6.20%, 2/20/43

 

 

2,000

 

 

2,102,420

 

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

 

 

850

 

 

851,717

 

Tobacco Securitization Authority
Minnesota, Refunding RB, Tobacco
Settlement, Series B:

 

 

 

 

 

 

 

5.25%, 3/01/25

 

 

9,110

 

 

10,295,666

 

5.25%, 3/01/31

 

 

6,215

 

 

6,741,411

 

 

 

 

 

 

 

20,433,083

 

Mississippi — 0.1%

 

 

 

 

 

 

 

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

 

 

280

 

 

314,496

 

New Jersey — 7.9%

 

 

 

 

 

 

 

New Jersey EDA, RB:

 

 

 

 

 

 

 

Cigarette Tax, 5.50%,6/15/24

 

 

9,715

 

 

9,785,531

 

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

 

 

3,905

 

 

3,904,610

 

 

 

 

 

 

 

 

 

 

MUNIYIELD FUND, INC.

JANUARY 31, 2012

3


 

 

 

 

Schedule of Investments (continued)

MuniYield Fund, Inc. (MYD)

(Percentages shown are based on Net Assets)

 

 

 

 

 

 

 

 

Municipal Bonds

 

Par
(000)

 

Value

 

New Jersey (concluded)

 

 

 

 

 

 

 

New Jersey EDA, RB (concluded):

 

 

 

 

 

 

 

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

 

$

11,000

 

$

10,952,590

 

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

 

 

710

 

 

685,512

 

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

 

 

230

 

 

211,303

 

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

 

 

3,000

 

 

2,760,660

 

Kapkowski Road Landfill
Project, Series 1998B-MB,
AMT, 6.50%, 4/01/31

 

 

2,500

 

 

2,652,750

 

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

 

 

10,000

 

 

10,431,700

 

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

 

 

 

 

 

 

 

6.00%, 7/01/13

 

 

1,335

 

 

13

 

6.63%, 7/01/36

 

 

1,835

 

 

18

 

New Jersey Transportation Trust Fund
Authority, RB, Transportation System:

 

 

 

 

 

 

 

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

 

 

13,110

 

 

3,892,490

 

Series A, 5.50%, 6/15/41

 

 

3,630

 

 

4,165,026

 

Series B, 5.25%, 6/15/36

 

 

4,990

 

 

5,614,499

 

 

 

 

 

 

 

55,056,702

 

New York — 4.3%

 

 

 

 

 

 

 

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

 

 

2,100

 

 

2,123,961

 

Metropolitan Transportation Authority,
Refunding RB:

 

 

 

 

 

 

 

Series B, 5.00%, 11/15/34

 

 

4,910

 

 

5,432,768

 

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

 

 

2,465

 

 

2,733,685

 

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

 

 

1,250

 

 

1,250,750

 

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

 

 

2,480

 

 

2,684,600

 

Oneida County Industrial Development
Agency, RB, Hamilton College Civic
Facility, Series 2002, 5.00%, 9/15/26

 

 

1,990

 

 

2,297,495

 

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

 

 

 

 

 

 

 

6.00%, 12/01/36

 

 

2,625

 

 

2,841,563

 

6.00%, 12/01/42

 

 

1,485

 

 

1,601,973

 

 

 

 

 

 

 

 

 

Municipal Bonds

 

Par
(000)

 

Value

 

New York (concluded)

 

 

 

 

 

 

 

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

 

$

5,000

 

$

5,306,850

 

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

 

 

3,450

 

 

3,464,731

 

 

 

 

 

 

 

29,738,376

 

North Carolina — 1.2%

 

 

 

 

 

 

 

North Carolina HFA, RB:

 

 

 

 

 

 

 

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

 

 

45

 

 

45,097

 

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

 

 

255

 

 

255,841

 

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

 

 

2,805

 

 

2,981,603

 

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

 

 

5,000

 

 

5,007,750

 

 

 

 

 

 

 

8,290,291

 

Ohio — 0.6%

 

 

 

 

 

 

 

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

 

 

2,840

 

 

2,998,728

 

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

 

 

 

 

 

 

 

6.00%, 5/15/24

 

 

750

 

 

359,985

 

6.00%, 5/15/34

 

 

2,250

 

 

1,079,955

 

 

 

 

 

 

 

4,438,668

 

Pennsylvania — 2.1%

 

 

 

 

 

 

 

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

 

 

5,490

 

 

4,477,314

 

Pennsylvania Economic Development
Financing Authority, RB:

 

 

 

 

 

 

 

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

 

 

3,805

 

 

4,174,656

 

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

 

 

5,270

 

 

4,675,228

 

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

 

 

1,265

 

 

1,266,480

 

 

 

 

 

 

 

14,593,678

 

Puerto Rico — 3.5%

 

 

 

 

 

 

 

Puerto Rico Sales Tax Financing
Corp., RB:

 

 

 

 

 

 

 

CAB, Series C, 6.25%,
8/01/39 (a)

 

 

22,915

 

 

5,336,216

 

First Sub-Series A, 6.50%,
8/01/44

 

 

10,120

 

 

11,924,801

 

 

 

 

 

 

 

 

 

 

MUNIYIELD FUND, INC.

JANUARY 31, 2012

4


 

 

 

 

Schedule of Investments (continued)

MuniYield Fund, Inc. (MYD)

(Percentages shown are based on Net Assets)

 

 

 

 

 

 

 

 

Municipal Bonds

 

Par 
(000)

 

Value

 

Puerto Rico (concluded)

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

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

 

$

23,695

 

$

5,426,866

 

Series A (AMBAC), 6.42%,
8/01/47

 

 

14,900

 

 

2,057,243

 

 

 

 

 

 

 

24,745,126

 

Rhode Island — 0.5%

 

 

 

 

 

 

 

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

 

 

4,240

 

 

3,387,718

 

South Carolina — 1.6%

 

 

 

 

 

 

 

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

 

 

6,695

 

 

7,393,557

 

South Carolina State Public Service
Authority, Refunding RB, Santee
Cooper Project, Series C, 5.00%,
12/01/36

 

 

3,125

 

 

3,537,031

 

 

 

 

 

 

 

10,930,588

 

Tennessee — 0.4%

 

 

 

 

 

 

 

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

 

 

2,870

 

 

2,869,856

 

Texas — 12.8%

 

 

 

 

 

 

 

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

 

 

4,365

 

 

4,672,427

 

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

 

 

3,060

 

 

3,488,798

 

City of Houston Texas, RB:

 

 

 

 

 

 

 

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

 

 

3,100

 

 

3,419,765

 

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

 

 

3,500

 

 

3,524,220

 

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

 

 

3,000

 

 

3,015,120

 

City of Houston Texas, Refunding RB,
Sub-Lien Series A, AMT, 5.00%,
7/01/21

 

 

6,240

 

 

7,160,462

 

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

 

 

3,900

 

 

3,959,202

 

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

 

 

1,485

 

 

1,382,743

 

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

 

 

1,000

 

 

1,090,040

 

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

 

 

4,320

 

 

4,962,298

 

 

 

 

 

 

 

 

 

Municipal Bonds

 

Par 
(000)

 

Value

 

Texas (concluded)

 

 

 

 

 

 

 

North Texas Tollway Authority, RB:

 

 

 

 

 

 

 

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

 

$

4,110

 

$

959,685

 

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

 

 

12,140

 

 

13,375,973

 

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

 

 

6,365

 

 

6,976,740

 

Texas Private Activity Bond Surface
Transportation Corp., RB:

 

 

 

 

 

 

 

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

 

 

8,730

 

 

9,833,996

 

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

 

 

6,655

 

 

7,402,423

 

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

 

 

13,210

 

 

13,316,473

 

 

 

 

 

 

 

89,542,645

 

US Virgin Islands — 0.9%

 

 

 

 

 

 

 

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

 

 

6,250

 

 

6,251,250

 

Utah — 1.1%

 

 

 

 

 

 

 

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

 

 

7,310

 

 

7,870,311

 

Virginia — 0.6%

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

5.35%, 9/01/26

 

 

1,500

 

 

1,426,455

 

5.50%, 9/01/34

 

 

2,000

 

 

1,808,500

 

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

 

 

1,000

 

 

1,028,470

 

 

 

 

 

 

 

4,263,425

 

Washington — 1.0%

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

6.00%, 9/01/22

 

 

945

 

 

928,991

 

6.20%, 9/01/32

 

 

1,250

 

 

1,155,775

 

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

 

 

4,045

 

 

4,746,201

 

 

 

 

 

 

 

6,830,967

 

 

 

 

 

 

 

 

 

 

MUNIYIELD FUND, INC.

JANUARY 31, 2012

5


 

 

 

 

Schedule of Investments (continued)

MuniYield Fund, Inc. (MYD)

(Percentages shown are based on Net Assets)


 

 

 

 

 

 

 

 

Municipal Bonds

 

Par
(000)

 

Value

 

Wisconsin — 4.2%

 

 

 

 

 

 

 

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

 

$

595

 

$

552,993

 

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

 

 

14,300

 

 

16,993,834

 

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

 

 

4,970

 

 

5,392,996

 

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

 

 

6,470

 

 

6,649,478

 

 

 

 

 

 

 

29,589,301

 

Wyoming — 1.1%

 

 

 

 

 

 

 

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

 

 

6,195

 

 

7,112,913

 

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

 

 

595

 

 

633,581

 

 

 

 

 

 

 

7,746,494

 

Total Municipal Bonds – 107.8%

 

 

 

 

 

753,425,655

 

 

 

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

 

Alabama — 0.7%

 

 

 

 

 

 

 

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

 

 

4,538

 

 

4,762,213

 

Arizona — 0.8%

 

 

 

 

 

 

 

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

 

 

4,909

 

 

5,376,580

 

California — 6.7%

 

 

 

 

 

 

 

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

 

 

6,581

 

 

7,446,968

 

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

 

 

5,310

 

 

5,955,218

 

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

 

 

4,650

 

 

5,086,216

 

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

 

 

2,154

 

 

2,472,345

 

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

 

 

19,080

 

 

21,075,196

 

 

 

 

 

 

 

 

 

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

 

Par
(000)

 

Value

 

California (concluded)

 

 

 

 

 

 

 

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

 

$

4,429

 

$

4,541,633

 

 

 

 

 

 

 

46,577,576

 

Colorado — 2.5%

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

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

 

 

7,490

 

 

7,881,652

 

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

 

 

4,800

 

 

5,057,424

 

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

 

 

4,299

 

 

4,758,529

 

 

 

 

 

 

 

17,697,605

 

Connecticut — 3.0%

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

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

 

 

9,130

 

 

10,562,406

 

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

 

 

9,270

 

 

10,597,093

 

 

 

 

 

 

 

21,159,499

 

Florida — 1.8%

 

 

 

 

 

 

 

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

 

 

11,448

 

 

12,721,853

 

Georgia — 1.0%

 

 

 

 

 

 

 

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

 

 

6,398

 

 

7,005,027

 

Massachusetts — 1.5%

 

 

 

 

 

 

 

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

 

 

9,200

 

 

10,432,156

 

New Hampshire — 0.7%

 

 

 

 

 

 

 

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

 

 

4,048

 

 

4,632,188

 

New York — 9.3%

 

 

 

 

 

 

 

Hudson Yards Infrastructure Corp., RB,
Series A, 5.75%, 2/15/47

 

 

3,260

 

 

3,683,521

 

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

 

 

3,194

 

 

3,677,709

 

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

 

 

21,630

 

 

24,572,329

 

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

 

 

13,080

 

 

14,884,125

 

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

 

 

16,723

 

 

18,149,697

 

 

 

 

 

 

 

64,967,381

 

 

 

 

 

 

 

 

 

 

MUNIYIELD FUND, INC.

JANUARY 31, 2012

6


 

 

 

 

Schedule of Investments (continued)

MuniYield Fund, Inc. (MYD)

(Percentages shown are based on Net Assets)

 

 

 

 

 

 

 

 

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

 

Par
(000)

 

Value

 

North Carolina — 3.4%

 

 

 

 

 

 

 

North Carolina Capital Facilities Finance
Agency, Refunding RB:

 

 

 

 

 

 

 

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

 

$

18,897

 

$

20,275,873

 

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

 

 

3,120

 

 

3,429,348

 

 

 

 

 

 

 

23,705,221

 

Ohio — 4.4%

 

 

 

 

 

 

 

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

 

 

27,896

 

 

30,542,390

 

South Carolina — 2.7%

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

5.25%, 12/01/28

 

 

7,795

 

 

8,660,868

 

5.25%, 12/01/29

 

 

6,920

 

 

7,675,180

 

5.25%, 12/01/30

 

 

2,510

 

 

2,779,047

 

 

 

 

 

 

 

19,115,095

 

Tennessee — 1.7%

 

 

 

 

 

 

 

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

 

 

11,240

 

 

12,004,770

 

Texas — 1.1%

 

 

 

 

 

 

 

Harris County Metropolitan Transit
Authority, TRAN, RB, Series A, 5.00%,
11/01/41

 

 

6,920

 

 

7,819,669

 

Virginia — 3.6%

 

 

 

 

 

 

 

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

 

 

6,266

 

 

7,010,180

 

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

 

 

10,618

 

 

11,807,825

 

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

 

 

6,075

 

 

6,519,864

 

 

 

 

 

 

 

25,337,869

 

Washington — 0.9%

 

 

 

 

 

 

 

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

 

 

5,384

 

 

5,969,588

 

Wisconsin — 1.7%

 

 

 

 

 

 

 

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

 

 

11,458

 

 

12,194,683

 

Total Municipal Bonds Transferred to Tender Option
Bond (TOB) Trusts – 47.5%

 

 

 

 

 

332,021,363

 

Total Long-Term Investments
(Cost – $1,002,356,064) – 155.3%

 

 

 

 

 

1,085,447,018

 

 

 

 

 

 

 

 

 

Short-Term Securities

 

Par
(000)

 

Value

 

Michigan Finance Authority, RB, SAN,
Detroit Schools, Series A-1, 6.45%
2/20/12

 

$

6,640,000

 

$

6,640,000

 

 

 

 

 

 

 

 

 

 

 

Shares

 

 

 

 

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

 

 

18,702,736

 

 

18,702,736

 

Total Short-Term Securities
(Cost – $25,342,736) – 3.7%

 

 

 

 

 

25,342,736

 

Total Investments (Cost - $1,027,698,800*) 159.0%

 

 

 

 

 

1,110,789,754

 

Other Assets Less Liabilities – 1.3%

 

 

 

 

 

9,530,713

 

Liability for TOB Trust Certificates, Including Interest
Expense and Fees Payable – (24.3)%

 

 

 

 

 

(169,856,156

)

VRDP Shares, at Liquidation Value – (36.0)%

 

 

 

 

 

(251,400,000

)

Net Assets Applicable to Common Shares– 100.0%

 

 

 

 

$

699,064,311

 

 

 

 

 

 

 

 

 

 

 

*

As of January 31, 2012, gross unrealized appreciation and gross unrealized depreciation based on cost for federal income tax purposes were as follows:

 

 

 

 

 

Tax Cost

 

$

856,462,403

 

Gross unrealized appreciation

 

$

93,113,957

 

Gross unrealized depreciation

 

 

(8,592,592

)

Net unrealized appreciation

 

$

84,521,365

 

 

 

(a)

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

 

(b)

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

 

(c)

Non-income producing security.

 

(d)

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

 

(e)

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

 

(f)

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Affiliate

 

Shares
Held at
April 30, 2011

 

Net
Activity

 

Shares
Held at
January 31,
2012

 

Income

 

FFI Institutional
Tax-Exempt
Fund

 

 

16,277,332

 

 

2,425,404

 

 

18,702,736

 

$

2,739

 

 

 

(g)

Represents the current yield as of report date.

 

 

 

 

 

 

 

 

 

MUNIYIELD FUND, INC.

JANUARY 31, 2012

7


 

 

 

 

Schedule of Investments (concluded)

MuniYield Fund, Inc. (MYD)


 

 

•

Financial futures contracts sold as of January 31, 2012 were as follows:


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Contracts

 

Issue

 

Exchange

 

Expiration
Date

 

Notional
Value

 

Unrealized
Depreciation

 

155

 

 

10-Year US
Treasury
Note

 

 

Chicago
Board
of Trade

 

 

March
2012

 

$

20,498,750

 

$

(271,545)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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)

CAB

 

Capital Appreciation Bonds

EDA

 

Economic Development Authority

EDC

 

Economic Development Corp.

ERB

 

Education Revenue Bonds

FHA

 

Federal Housing Administration

Ginnie Mac

 

Government National Mortgage Association

GO

 

General Obligation Bonds

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.

Radian

 

Radian Financial Guaranty

RB

 

Revenue Bonds

SAN

 

State Aid Notes

S/F

 

Single-Family

SO

 

Special Obligation

TRAN

 

Tax Revenue Anticipation Notes

 

 

 

•

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

 

 

 

•

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

 

 

 

 

•

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

 

 

 

 

•

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

 

 

 

Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. The categorization of a value determined for investments and derivative financial instruments is based on the pricing transparency of the investment and derivative financial instrument and does not necessarily correspond to the Fund’s perceived risk of investing in those securities. For information about the Fund’s policy regarding valuation of investments and derivative financial instruments and other significant accounting policies, please refer to the Fund’s most recent financial statements as contained in its semi-annual report.

 

The following tables summarize the inputs used as of January 31, 2012 in determining the fair valuation of the Fund’s investments and derivative financial instruments:


 

 

 

 

 

 

 

 

 

 

 

 

 

 

Valuation Inputs

 

Level 1

 

Level 2

 

Level 3

 

Total

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

Investments:

 

 

 

 

 

 

 

 

 

 

 

 

 

Long-Term
Investments1

 

 

—

 

$

1,085,447,018

 

 

—

 

$

1,085,447,018

 

Short-Term
Securities

 

$

18,702,736

 

 

6,640,000

 

 

—

 

 

25,342,736

 

Total

 

$

18,702,736

 

$

1,092,087,018

 

 

—

 

$

1,110,789,754

 

 

 

1

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Valuation Inputs

 

Level 1

 

Level 2

 

Level 3

 

Total

 

Derivative Financial
Instruments2

 

 

 

 

 

 

 

 

 

 

 

 

 

Liabilitiess:

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate
contracts

 

$

(271,545

)

 

—

 

 

—

 

$

(271,545

)

 

 

2

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


 

 

 

 

 

 

 

 

 

MUNIYIELD FUND, INC.

JANUARY 31, 2012

8

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 23, 2012
   
  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 23, 2012
   
  By: /s/ Neal J. Andrews  
    Neal J. Andrews
    Chief Financial Officer (principal financial officer) of
    BlackRock MuniYield Fund, Inc.
     
  Date: March 23, 2012