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October 31, 2025 
2025 Quarterly Report
(Unaudited)
 
BlackRock MuniYield Fund, Inc. (MYD)
 
Not FDIC Insured • May Lose Value • No Bank Guarantee
Schedule of Investments (unaudited)
October 31, 2025
BlackRock MuniYield Fund, Inc. (MYD)
(Percentages shown are based on Net Assets)
 
Security
 
Par
(000)
Value
Municipal Bonds
Alabama — 8.6%
Black Belt Energy Gas District, RB(a)
 
Series A, 5.25%, 01/01/54
$
4,665
$ 5,024,627
Series A, 5.25%, 05/01/55
 
2,495
2,738,092
Series A, 5.25%, 05/01/56
 
2,345
2,443,439
Series C, 5.50%, 10/01/54
 
10,500
11,653,308
Series F, 5.50%, 11/01/53
 
830
877,194
County of Jefferson Alabama Sewer Revenue, Refunding
RB, 5.25%, 10/01/49
 
1,100
1,146,609
Energy Southeast A Cooperative District, RB, Series B-1,
5.75%, 04/01/54(a)
 
1,585
1,781,263
Lower Alabama Gas District, RB, Series A, 5.00%,
09/01/46
 
1,300
1,405,155
Southeast Alabama Gas Supply District, Refunding RB,
Series B, 5.00%, 06/01/49(a)
 
5,525
5,984,238
Southeast Energy Authority A Cooperative District, RB(a)
 
Series A, 5.00%, 01/01/56
 
7,015
7,509,661
Series A-1, 5.50%, 01/01/53
 
1,405
1,522,679
Series B, 5.00%, 01/01/54
 
1,230
1,311,465
Series B, 5.25%, 03/01/55
 
1,945
2,094,815
 
 
45,492,545
Arizona — 4.3%
City of Phoenix Civic Improvement Corp., RB, Junior
Lien, 5.25%, 07/01/47
 
1,665
1,789,617
Glendale Industrial Development Authority, RB, 5.00%,
05/15/56
 
190
163,957
Industrial Development Authority of the City of Phoenix
Arizona, RB, Series A, 5.00%, 07/01/46(b)
 
3,575
3,446,565
Industrial Development Authority of the County of Pima,
RB, S/F Housing, Series C, (GNMA), 6.00%,
07/01/55
 
3,310
3,660,663
Salt Verde Financial Corp., RB
 
5.00%, 12/01/32
 
7,365
8,073,867
5.00%, 12/01/37
 
5,000
5,471,126
 
 
22,605,795
Arkansas — 0.2%
Arkansas Development Finance Authority, RB, AMT,
Sustainability Bonds, 5.70%, 05/01/53
 
895
913,495
California — 3.5%
California Community Choice Financing Authority, RB,
Class B, Sustainability Bonds, 5.00%, 03/01/56(a)
 
1,980
2,173,344
California Enterprise Development Authority, RB, 8.00%,
11/15/62(b)
 
785
778,911
California Infrastructure & Economic Development Bank,
Refunding RB, Series A, Class B, AMT, Sustainability
Bonds, 9.50%, 01/01/65(a)(b)
 
2,590
2,072,000
California Pollution Control Financing Authority, RB, AMT,
5.00%, 11/21/45(b)
 
1,650
1,650,053
California Statewide Financing Authority, RB, Series A,
6.00%, 05/01/43
 
3,285
3,353,748
City of Los Angeles Department of Airports, ARB, AMT,
Sustainability Bonds, 5.00%, 05/15/47
 
2,415
2,482,207
City of Los Angeles Department of Airports, Refunding
ARB, Series A, AMT, Sustainability Bonds, 5.50%,
05/15/55
 
2,305
2,479,675
Security
 
Par
(000)
Value
California (continued)
Hartnell Community College District, GO, Sustainability
Bonds, 4.00%, 07/01/53
$
3,745
$ 3,559,501
State of California, GO, (AMBAC), 5.00%, 04/01/31
 
10
10,016
 
 
18,559,455
Colorado — 0.5%
City & County of Denver Colorado Airport System
Revenue, Refunding ARB, Series D, AMT, 5.75%,
11/15/45
 
870
939,320
Colorado Health Facilities Authority, RB
 
5.50%, 11/01/47
 
355
374,153
5.25%, 11/01/52
 
745
769,002
Colorado Housing and Finance Authority, RB, M/F
Housing, Series A, Class A, Sustainability Bonds,
(FNMA), 4.48%, 03/01/44
 
555
564,122
 
 
2,646,597
Connecticut — 0.4%
Connecticut State Health & Educational Facilities
Authority, RB, 4.25%, 07/15/53
 
720
677,060
Waterbury Housing Authority, RB, M/F Housing, Series A,
(FHLMC, HUD SECT 8), 4.50%, 02/01/42
 
1,685
1,744,559
 
 
2,421,619
Delaware — 0.6%
Delaware River & Bay Authority, Refunding RB, 4.00%,
01/01/44
 
3,065
3,020,170
District of Columbia — 10.1%
District of Columbia Housing Finance Agency, RB, M/F
Housing
 
Series B-2, 4.10%, 09/01/39
 
7,575
7,505,358
Series A, Sustainability Bonds, (FNMA), 4.88%,
09/01/45
 
1,280
1,349,555
District of Columbia Water & Sewer Authority, RB,
Series A, Sustainability Bonds, 5.00%, 10/01/52
 
1,875
1,892,021
District of Columbia, Refunding GO, Series A, 5.25%,
01/01/48
 
1,985
2,107,880
District of Columbia, TA, 5.13%, 06/01/41
 
3,490
3,492,351
Metropolitan Washington Airports Authority Aviation
Revenue, Refunding ARB, Series A, AMT, 5.50%,
10/01/55
 
2,445
2,634,038
Metropolitan Washington Airports Authority Dulles Toll
Road Revenue, Refunding RB
 
Series B, 2nd Senior Lien, (AGM), 0.00%, 10/01/31(c)
 
8,350
6,946,085
Series B, 2nd Senior Lien, (AGM), 0.00%, 10/01/32(c)
 
15,000
12,033,677
Series B, 2nd Senior Lien, (AGM), 0.00%, 10/01/33(c)
 
13,410
10,338,134
Series B, Subordinate, 4.00%, 10/01/49
 
3,780
3,367,086
Washington Metropolitan Area Transit Authority
Dedicated Revenue, RB, Sustainability Bonds, 5.00%,
07/15/45
 
1,965
2,074,976
 
 
53,741,161
Florida — 6.7%
City of Miami Florida, RB, Series A, 5.00%, 03/01/48
 
3,200
3,316,728
County of Broward Florida Airport System Revenue,
ARB, Series A, AMT, 5.00%, 10/01/44
 
1,740
1,774,884
County of Broward Florida Water & Sewer Utility
Revenue, RB, Series A, 4.00%, 10/01/45
 
445
434,250
County of Miami-Dade Florida Water & Sewer System
Revenue, RB, Series A, 4.13%, 10/01/50
 
6,390
5,929,717
County of Miami-Dade Seaport Department, Refunding
RB, Series A, AMT, 5.25%, 10/01/52
 
6,635
6,778,790
2
Schedule of Investments (unaudited)(continued)
October 31, 2025
BlackRock MuniYield Fund, Inc. (MYD)
(Percentages shown are based on Net Assets)
Security
 
Par
(000)
Value
Florida (continued)
Florida Development Finance Corp., Refunding RB
 
AMT, (AGM), 5.00%, 07/01/44
$
3,815
$ 3,798,163
AMT, (AGM), 5.25%, 07/01/47
 
900
895,363
Florida Housing Finance Corp., RB, S/F Housing,
Series 1, (FHLMC, FNMA, GNMA), 4.55%, 01/01/49
 
3,070
3,075,771
Greater Orlando Aviation Authority, ARB, AMT, 5.25%,
10/01/51
 
2,500
2,628,224
Hillsborough County Industrial Development Authority,
Refunding RB, Series C, 5.25%, 11/15/49
 
825
880,519
Lakewood Ranch Stewardship District, SAB, 6.30%,
05/01/54
 
430
453,711
Tampa-Hillsborough County Expressway Authority, RB,
5.00%, 07/01/47
 
3,105
3,147,729
Two Lakes Community Development District, SAB,
5.00%, 05/01/55
 
960
965,437
Volusia County Educational Facility Authority, RB, 5.25%,
06/01/49
 
1,420
1,461,098
 
 
35,540,384
Georgia — 2.6%
County of DeKalb Georgia Water & Sewerage Revenue,
Refunding RB, 5.00%, 10/01/48
 
2,490
2,594,811
Gainesville & Hall County Hospital Authority, RB,
Series A, 4.00%, 02/15/51
 
1,105
974,881
Main Street Natural Gas, Inc., RB, Series B, 5.00%,
12/01/52(a)
 
7,800
8,192,901
Main Street Natural Gas, Inc., Refunding RB, Series E-1,
5.00%, 12/01/53(a)
 
1,655
1,782,249
 
 
13,544,842
Idaho — 2.1%
Idaho Health Facilities Authority, Refunding RB, 4.38%,
03/01/53
 
865
827,839
Power County Industrial Development Corp., RB, 6.45%,
08/01/32
 
10,000
10,144,875
 
 
10,972,714
Illinois — 8.1%
Chicago Board of Education, GO
 
Series A, 5.00%, 12/01/42
 
1,115
1,053,009
Series A, 6.25%, 12/01/50
 
2,375
2,482,716
Series C, 5.25%, 12/01/35
 
1,050
1,049,981
Series D, 5.00%, 12/01/46
 
4,040
3,665,818
Series H, 5.00%, 12/01/36
 
1,460
1,452,082
Chicago Board of Education, Refunding GO
 
Series B, 12/01/43(d)
 
625
651,509
Series G, 5.00%, 12/01/34
 
455
455,011
Chicago O’Hare International Airport, ARB, Class A, AMT,
Senior Lien, 4.63%, 01/01/53
 
2,740
2,674,338
City of Chicago Illinois Waterworks Revenue, RB,
Series A, 2nd Lien, (AGM), 5.50%, 11/01/62
 
5,430
5,765,280
Illinois Finance Authority, Refunding RB
 
Series C, 4.00%, 02/15/27(e)
 
85
86,485
Series C, 4.00%, 02/15/41
 
10
9,738
Illinois Housing Development Authority, Refunding RB,
S/F Housing, Series H, Sustainability Bonds, (FHLMC,
FNMA, GNMA), 4.65%, 10/01/43
 
3,095
3,149,781
Metropolitan Pier & Exposition Authority, RB, 5.00%,
06/15/57
 
1,835
1,826,926
Security
 
Par
(000)
Value
Illinois (continued)
Metropolitan Pier & Exposition Authority, Refunding RB(c)
 
Series B, (AGM), 0.00%, 06/15/44
$
10,925
$ 4,682,636
Series B, (AGM), 0.00%, 06/15/47
 
27,225
9,896,976
State of Illinois, GO
 
Series B, 5.25%, 05/01/44
 
2,375
2,512,146
Series F, 5.25%, 09/01/48
 
1,440
1,497,468
 
 
42,911,900
Indiana — 0.4%
Indiana Finance Authority, Refunding RB
 
Series C, 5.25%, 10/01/46
 
1,400
1,510,424
Series C, 5.25%, 10/01/47
 
485
521,830
 
 
2,032,254
Iowa — 1.3%
Iowa Finance Authority, RB, S/F Housing
 
Series A, Sustainability Bonds, (FHLMC, FNMA,
GNMA), 4.75%, 07/01/49
 
2,230
2,246,873
Series E, Sustainability Bonds, (FHLMC, FNMA,
GNMA), 4.40%, 07/01/44
 
4,460
4,493,400
 
 
6,740,273
Kentucky — 1.8%
Kentucky Public Transportation Infrastructure Authority,
RB, CAB, Convertible, 6.75%, 07/01/43
 
2,485
2,817,555
Louisville and Jefferson County Metropolitan Sewer
District, Refunding RB, Series C, 5.00%, 05/15/49
 
3,000
3,131,956
University of Kentucky, RB, Class A, 5.00%, 04/01/55
 
3,510
3,619,234
 
 
9,568,745
Louisiana — 2.6%
Louisiana Public Facilities Authority, RB
 
5.25%, 10/01/53
 
4,100
4,095,659
AMT, 5.75%, 09/01/64
 
2,600
2,695,916
Louisiana Stadium & Exposition District, Refunding RB,
Series A, 5.25%, 07/01/53
 
2,755
2,863,460
Port New Orleans Board of Commissioners, ARB,
Series E, AMT, 5.00%, 04/01/44
 
4,315
4,383,388
 
 
14,038,423
Maryland — 0.5%
Maryland Community Development Administration, RB,
M/F Housing, Series D-1, Sustainability Bonds,
(FNMA), 4.35%, 02/01/44
 
2,475
2,445,231
Massachusetts — 3.8%
Commonwealth of Massachusetts Transportation Fund
Revenue, RB
 
Series B, 5.00%, 06/01/50
 
5,000
5,238,645
Series B, 5.00%, 06/01/52
 
2,835
2,946,581
Commonwealth of Massachusetts, GOL, Series D,
5.00%, 10/01/50
 
2,740
2,868,871
Massachusetts Bay Transportation Authority Sales Tax
Revenue, Refunding RB, Series A-1, 5.25%, 07/01/29
 
3,250
3,572,681
Massachusetts Development Finance Agency, RB,
Series A, 5.00%, 01/01/47
 
3,000
2,918,708
Massachusetts Port Authority, ARB, Series E, AMT,
5.00%, 07/01/46
 
2,325
2,371,174
 
 
19,916,660
Schedule of Investments
3
Schedule of Investments (unaudited)(continued)
October 31, 2025
BlackRock MuniYield Fund, Inc. (MYD)
(Percentages shown are based on Net Assets)
Security
 
Par
(000)
Value
Michigan — 2.0%
Michigan Finance Authority, RB, Sustainability Bonds,
5.50%, 02/28/57
$
5,980
$ 6,266,504
Michigan Strategic Fund, RB, AMT, 5.00%, 12/31/43
 
2,255
2,257,444
State of Michigan Trunk Line Revenue, RB, 5.25%,
11/15/49
 
1,855
1,986,913
 
 
10,510,861
Minnesota — 1.0%
Duluth Economic Development Authority, Refunding RB
 
Series A, 4.25%, 02/15/48
 
2,160
2,016,880
Series A, 5.25%, 02/15/58
 
3,125
3,143,169
 
 
5,160,049
Mississippi — 0.2%
Mississippi Home Corp., RB, Series 2025-06FN,
Class PT, 4.55%, 04/01/42
 
880
907,069
Missouri — 3.4%
Health & Educational Facilities Authority of the State of
Missouri, Refunding RB
 
Series A, 4.00%, 02/15/49
 
5,555
4,986,325
Series A, 4.25%, 04/01/55
 
3,000
2,836,643
Series C, 5.00%, 11/15/42
 
5,470
5,558,292
Kansas City Industrial Development Authority, ARB
 
Class B, AMT, (AGM), 5.00%, 03/01/49
 
1,335
1,342,249
Class B, AMT, (AGM), 5.00%, 03/01/55
 
1,345
1,348,467
Kansas City Industrial Development Authority, RB, M/F
Housing, Sustainability Bonds, (FNMA), 4.39%,
09/01/42
 
1,569
1,593,905
Missouri Housing Development Commission, RB, S/F
Housing, Series A, (FHLMC, FNMA, GNMA), 4.60%,
11/01/49
 
315
312,330
 
 
17,978,211
Nebraska — 1.0%
Omaha Public Power District, RB, Series A, 5.25%,
02/01/48
 
5,000
5,314,441
New Hampshire — 3.1%
National Finance Authority Affordable Housing
Certificates, RB, Series 2024-1, Class A, 4.15%,
10/20/40
 
359
358,398
New Hampshire Business Finance Authority, RB
 
Series 2025-1, Class A1, 4.09%, 01/20/41(a)
 
791
788,011
Series A, Sustainability Bonds, 5.50%, 06/01/55
 
6,275
6,601,107
New Hampshire Business Finance Authority, RB, M/F
Housing
 
1st Series, Class B, 5.75%, 04/28/42
 
1,215
1,268,412
Series 2025, Subordinate, 5.15%, 09/28/37
 
1,875
1,896,605
Series 2, Sustainability Bonds, 4.25%, 07/20/41
 
3,093
3,083,577
Series 2, Class 3-A, Sustainability Bonds, 0.00%,
10/01/51(a)
 
2,352
2,315,231
 
 
16,311,341
New Jersey — 7.3%
New Jersey Economic Development Authority, RB
 
Class A, 5.25%, 11/01/47
 
3,565
3,767,543
Series B, 6.50%, 04/01/31
 
1,495
1,504,972
Series EEE, 5.00%, 06/15/48
 
12,340
12,567,086
New Jersey Higher Education Student Assistance
Authority, Refunding RB
 
Series 1-B, AMT, 4.50%, 12/01/45
 
670
687,133
Series B, AMT, 4.00%, 12/01/41
 
1,790
1,777,944
Series C, AMT, Subordinate, 5.00%, 12/01/52
 
2,595
2,574,582
Security
 
Par
(000)
Value
New Jersey (continued)
New Jersey Transportation Trust Fund Authority, RB
 
5.00%, 12/15/28(e)
$
845
$ 907,871
Series C, (AMBAC), 0.00%, 12/15/35(c)
 
7,395
5,210,064
New Jersey Turnpike Authority, RB, Series A, 5.25%,
01/01/55
 
2,365
2,543,175
Tobacco Settlement Financing Corp., Refunding RB
 
Series A, 5.00%, 06/01/46
 
2,435
2,408,768
Sub-Series B, 5.00%, 06/01/46
 
4,985
4,853,585
 
 
38,802,723
New York — 14.4%
City of New York, GO, Series G-1, 5.25%, 02/01/53
 
440
468,877
Erie Tobacco Asset Securitization Corp., Refunding RB,
Series A, 5.00%, 06/01/45
 
4,070
3,361,340
Metropolitan Transportation Authority, Refunding RB
 
Series C-1, Sustainability Bonds, 4.75%, 11/15/45
 
3,335
3,345,693
Series C-1, Sustainability Bonds, 5.00%, 11/15/50
 
1,085
1,103,270
Series C-1, Sustainability Bonds, 5.25%, 11/15/55
 
1,605
1,651,602
Monroe County Industrial Development Corp., Refunding
RB, Series A, 4.00%, 07/01/50
 
3,335
3,034,113
New York City Municipal Water Finance Authority, RB,
Series BB, 5.25%, 06/15/55
 
545
583,545
New York City Municipal Water Finance Authority,
Refunding RB
 
Series DD, 4.13%, 06/15/46
 
10,125
9,862,415
Series DD, 4.13%, 06/15/47
 
1,255
1,219,408
New York City Transitional Finance Authority Future Tax
Secured Revenue, RB
 
Series A-1, Subordinate, 5.25%, 05/01/52
 
1,780
1,903,942
Series B, Subordinate, 5.00%, 05/01/46
 
2,480
2,607,448
Series F-1, Subordinate, 4.00%, 02/01/51
 
6,800
6,305,131
New York Counties Tobacco Trust IV, Refunding RB,
Series A, 6.25%, 06/01/41(b)
 
3,144
3,025,287
New York Liberty Development Corp., Refunding RB,
Class 2, 5.38%, 11/15/40(b)
 
1,760
1,760,324
New York Power Authority, Refunding RB, Series A,
Sustainability Bonds, 4.00%, 11/15/55
 
2,765
2,554,793
New York State Dormitory Authority, RB, Series A,
4.00%, 03/15/47
 
1,575
1,475,190
New York State Dormitory Authority, Refunding RB
 
Series A, 4.00%, 03/15/44
 
2,270
2,183,955
Series A, 4.00%, 03/15/54
 
1,870
1,728,809
Series A-1, 5.00%, 03/15/45
 
5,610
5,938,244
New York Transportation Development Corp., ARB
 
AMT, 5.63%, 04/01/40
 
965
1,013,292
Series A, AMT, 5.00%, 07/01/46
 
1,525
1,518,348
AMT, Sustainability Bonds, (AGM), 6.00%, 06/30/60
 
2,225
2,405,011
New York Transportation Development Corp., RB
 
AMT, 5.00%, 10/01/35
 
2,230
2,332,744
AMT, Sustainability Bonds, (AGM), 5.25%, 06/30/60
 
1,445
1,470,983
AMT, Sustainability Bonds, 5.38%, 06/30/60
 
5,590
5,616,949
New York Transportation Development Corp., Refunding
RB, Series A, AMT, Sustainability Bonds, 5.50%,
12/31/60
 
890
908,946
Triborough Bridge & Tunnel Authority Sales Tax
Revenue, RB
 
Series A, 5.25%, 05/15/52
 
1,625
1,716,044
Series A, 4.25%, 05/15/58
 
3,275
3,140,166
Triborough Bridge & Tunnel Authority, RB, Series A-1,
4.00%, 11/15/54
 
2,490
2,292,178
 
 
76,528,047
4
Schedule of Investments (unaudited)(continued)
October 31, 2025
BlackRock MuniYield Fund, Inc. (MYD)
(Percentages shown are based on Net Assets)
Security
 
Par
(000)
Value
North Carolina — 0.0%
North Carolina Medical Care Commission, RB, Series A,
5.13%, 10/01/54
$
195
$ 196,408
North Dakota — 0.3%
North Dakota Housing Finance Agency, RB, S/F Housing
 
Series A, Sustainability Bonds, 4.70%, 07/01/49
 
480
484,464
Series C, Sustainability Bonds, 6.25%, 01/01/55
 
965
1,076,272
 
 
1,560,736
Ohio — 2.5%
Buckeye Tobacco Settlement Financing Authority,
Refunding RB, Series B-2, Class 2, 5.00%, 06/01/55
 
3,015
2,526,688
County of Cuyahoga Ohio, Refunding RB, 5.00%,
02/15/42
 
3,175
3,176,454
County of Franklin Ohio, RB
 
Series A, 4.00%, 12/01/44
 
1,060
1,001,700
Series A, 5.00%, 12/01/47
 
840
846,181
County of Hamilton Ohio, RB
 
Series A, 5.00%, 08/15/42
 
4,350
4,398,314
Series CC, 5.00%, 11/15/49
 
1,130
1,227,952
 
 
13,177,289
Oklahoma — 1.4%
Oklahoma Municipal Power Authority, Refunding RB,
Series A, (AGM), 5.25%, 01/01/56
 
2,490
2,651,567
Oklahoma Turnpike Authority, RB, 5.50%, 01/01/53
 
3,140
3,348,768
Tulsa Municipal Airport Trust Trustees, Refunding ARB,
AMT, 6.25%, 12/01/35
 
1,075
1,239,689
 
 
7,240,024
Oregon — 1.4%
Port of Portland Oregon Airport Revenue, Refunding
ARB, series 29, AMT, Sustainability Bonds, 5.50%,
07/01/53
 
3,295
3,483,753
State of Oregon Housing & Community Services
Department, RB, M/F Housing, Series K1, (FNMA),
4.33%, 11/01/43
 
4,110
4,146,560
 
 
7,630,313
Pennsylvania — 6.4%
Allegheny County Airport Authority, ARB
 
Series A, AMT, (AGM), 5.50%, 01/01/48
 
6,750
7,119,113
Series A, AMT, (AGM-CR), 4.00%, 01/01/56
 
1,275
1,110,906
Lancaster County Hospital Authority, RB, 5.00%,
11/01/51
 
1,950
1,963,031
Montgomery County Higher Education and Health
Authority, Refunding RB
 
4.00%, 09/01/51
 
1,115
985,104
5.00%, 09/01/48
 
740
750,640
Pennsylvania Economic Development Financing
Authority, RB
 
5.00%, 06/30/42
 
1,765
1,769,328
AMT, 5.50%, 06/30/38
 
600
647,770
Pennsylvania Economic Development Financing
Authority, Refunding RB, AMT, 5.50%, 11/01/44
 
3,210
3,211,857
Pennsylvania Higher Educational Facilities Authority,
Refunding RB, Series B-1, (AGM), 5.00%, 11/01/51
 
1,935
1,999,542
Security
 
Par
(000)
Value
Pennsylvania (continued)
Pennsylvania Housing Finance Agency, RB,
Series 2024-26FN, Class PT, 4.63%, 02/01/42
$
3,200
$ 3,337,219
Pennsylvania Housing Finance Agency, RB, S/F
Housing, Series 145A, Sustainability Bonds, 4.75%,
10/01/49
 
7,735
7,769,756
Pennsylvania Housing Finance Agency, Refunding RB,
S/F Housing, Series 142-A, Sustainability Bonds,
5.00%, 10/01/43
 
3,105
3,218,873
 
 
33,883,139
Puerto Rico — 5.7%
Commonwealth of Puerto Rico, GO
 
Series A-1, Restructured, 5.63%, 07/01/29
 
2,931
3,130,190
Series A-1, Restructured, 5.75%, 07/01/31
 
2,646
2,933,568
Puerto Rico Sales Tax Financing Corp. Sales Tax
Revenue, RB
 
Series A-1, Restructured, 4.75%, 07/01/53
 
2,308
2,182,219
Series A-1, Restructured, 5.00%, 07/01/58
 
13,670
13,276,860
Series A-2, Restructured, 4.78%, 07/01/58
 
6,236
5,864,312
Puerto Rico Sales Tax Financing Corp. Sales Tax
Revenue, RB, CAB, Series A-1, Restructured, 0.00%,
07/01/46(c)
 
8,062
2,805,838
 
 
30,192,987
Rhode Island — 0.3%
Central Falls Detention Facility Corp., Refunding RB,
7.25%, 07/15/35(f)(g)
 
4,155
1,620,450
South Carolina — 1.5%
South Carolina Jobs-Economic Development Authority,
RB
 
Series A, 5.50%, 11/01/48
 
1,715
1,836,691
Series A, 5.50%, 11/01/50
 
955
1,017,981
South Carolina Jobs-Economic Development Authority,
Refunding RB, 4.00%, 12/01/44
 
3,835
3,605,283
South Carolina Public Service Authority, Refunding RB,
Series B, (AGM), 5.00%, 12/01/54
 
1,580
1,647,167
 
 
8,107,122
Tennessee — 3.5%
Knox County Health Educational & Housing Facility
Board, RB, Series A-1, (BAM), 5.50%, 07/01/54
 
860
909,115
Metropolitan Government Nashville & Davidson County
Health & Educational Fcilities Board, Refunding RB,
5.25%, 10/01/58
 
4,030
3,897,160
Metropolitan Government of Nashville & Davidson
County TN Water & Sewer Revenue, Refunding RB,
5.25%, 07/01/55
 
1,375
1,464,698
Tennessee Energy Acquisition Corp., RB, Series A,
5.00%, 05/01/52(a)
 
4,190
4,519,651
Tennessee Energy Acquisition Corp., Refunding RB,
Series A-1, 5.00%, 05/01/53(a)
 
7,270
7,533,559
 
 
18,324,183
Texas — 13.7%
Arlington Higher Education Finance Corp., RB(b)
 
7.50%, 04/01/62
 
885
442,500
7.88%, 11/01/62
 
755
453,000
Schedule of Investments
5
Schedule of Investments (unaudited)(continued)
October 31, 2025
BlackRock MuniYield Fund, Inc. (MYD)
(Percentages shown are based on Net Assets)
Security
 
Par
(000)
Value
Texas (continued)
Bexar Management And Development Corp., RB, M/F
Housing, (FNMA), 4.61%, 07/01/44
$
4,100
$ 4,221,214
Canutillo Independent School District, GO, Series A,
(PSF), 4.00%, 02/15/49
 
2,850
2,666,811
City of Austin Texas Airport System Revenue, ARB,
Series A, 5.00%, 11/15/41
 
3,250
3,278,474
City of Austin Texas Water & Wastewater System
Revenue, Refunding RB, 5.00%, 11/15/53
 
1,410
1,486,789
City of Houston Texas Airport System Revenue, ARB,
Series B, AMT, 5.50%, 07/15/39
 
1,600
1,724,652
City of Houston Texas Airport System Revenue,
Refunding ARB
 
Series A, AMT, 1st Lien, Subordinate, (AGM), 5.25%,
07/01/48
 
3,580
3,744,090
Series A, AMT, Subordinate Lien, 5.50%, 07/01/55
 
3,190
3,403,279
City of Houston Texas Airport System Revenue,
Refunding RB, AMT, 5.00%, 07/01/29
 
1,450
1,450,009
City of Houston Texas, GOL
 
Series A, 5.25%, 03/01/49
 
850
910,361
Series A, 4.13%, 03/01/51
 
3,125
2,898,979
City of San Antonio Texas Electric & Gas Systems
Revenue, Refunding RB, 5.00%, 02/01/47
 
3,415
3,447,210
County of Harris Texas Toll Road Revenue, Refunding
RB
 
Series A, 1st Lien, 4.00%, 08/15/49
 
1,410
1,324,648
Series A, 1st Lien, 4.00%, 08/15/54
 
1,010
929,399
County of Harris Texas, Refunding GO, Series A, 4.25%,
09/15/48
 
560
555,364
Crowley Independent School District, GO, (PSF), 4.25%,
02/01/53
 
190
184,626
Fort Bend Independent School District, Refunding GO,
Series A, (PSF), 4.00%, 08/15/49
 
1,315
1,238,208
Harris County Cultural Education Facilities Finance
Corp., RB, Series B, 6.38%, 01/01/33
 
40
40,080
Harris County Cultural Education Facilities Finance
Corp., Refunding RB, Class A, 4.13%, 07/01/52
 
1,465
1,350,532
Hidalgo County Regional Mobility Authority, RB, CAB,
Series A, 0.00%, 12/01/42(c)
 
2,500
1,105,689
Lower Colorado River Authority, Refunding RB, (AGM),
5.00%, 05/15/49
 
5,445
5,683,257
Marshall Independent School District, GO, (PSF), 4.00%,
02/15/45
 
620
605,127
Mesquite Housing Finance Corp., RB, M/F Housing,
Series A, Sustainability Bonds, (FNMA), 4.53%,
02/01/44
 
5,100
5,183,235
New Hope Cultural Education Facilities Finance Corp.,
RB, Series A, 5.50%, 08/15/49
 
3,255
3,571,881
North Texas Tollway Authority, RB, Series B, 0.00%,
09/01/31(c)(e)
 
4,110
2,205,140
North Texas Tollway Authority, Refunding RB, Series B,
5.00%, 01/01/43
 
6,205
6,265,153
Northwest Independent School District, GO, (PSF),
5.25%, 02/15/55
 
1,510
1,613,187
Plano Independent School District, GO, 5.00%, 02/15/42
 
1,540
1,631,625
San Antonio Housing Trust Public Facility Corp., RB,
Series 2024-11FN, Class PT, 4.45%, 04/01/43
 
710
719,519
San Antonio Housing Trust Public Facility Corp., RB, M/F
Housing, Series A, (FNMA), 4.43%, 04/01/43
 
1,015
1,025,040
Security
 
Par
(000)
Value
Texas (continued)
Tarrant County Cultural Education Facilities Finance
Corp., Refunding RB, 5.00%, 10/01/49
$
575
$ 568,960
Tarrant County Hospital District, GOL, 4.25%, 08/15/53
 
3,055
2,857,723
Texas Department of Housing & Community Affairs, RB,
S/F Housing, Series A, (GNMA), 5.13%, 01/01/54
 
960
1,000,330
Texas State University System, Refunding RB, 4.00%,
03/15/49
 
2,990
2,742,591
 
 
72,528,682
Utah — 0.7%
Black Desert Public Infrastructure District, SAB, 5.63%,
12/01/53(b)
 
310
313,141
City of Salt Lake City Utah Airport Revenue, ARB,
Series A, AMT, 5.50%, 07/01/55
 
1,440
1,535,121
Downtown Revitalization Public Infrastructure District, RB
 
Series A, 1st Lien, (AGM), 5.50%, 06/01/55
 
1,420
1,529,614
Series B, 2nd Lien, (AGM), 5.50%, 06/01/55
 
505
543,575
 
 
3,921,451
Virginia — 1.7%
Fairfax County Industrial Development Authority, RB,
4.13%, 05/15/54
 
2,825
2,602,435
Hampton Roads Transportation Accountability
Commission, RB, Series A, Senior Lien, 4.00%,
07/01/55
 
4,950
4,602,126
Henrico County Economic Development Authority,
Refunding RB, Series A, 5.00%, 11/01/48
 
1,460
1,520,010
Virginia Housing Development Authority, RB, S/F
Housing
 
Series E-2, 4.40%, 10/01/44
 
145
146,021
Series E-2, 4.55%, 10/01/49
 
405
405,821
 
 
9,276,413
Washington — 0.6%
Vancouver Housing Authority, RB, M/F Housing, 5.00%,
08/01/40
 
1,815
1,875,290
Washington Health Care Facilities Authority, Refunding
RB, Series A, 5.50%, 09/01/55
 
420
446,044
Washington State Housing Finance Commission, RB,
M/F Housing, Series 2, Class 1, Sustainability Bonds,
4.08%, 03/01/50(a)
 
800
782,153
 
 
3,103,487
Wisconsin — 2.6%
Public Finance Authority, RB, AMT, 6.50%, 12/31/65
 
4,305
4,728,131
Wisconsin Health & Educational Facilities Authority, RB
 
Class A, 5.50%, 02/15/54
 
3,145
3,323,809
Series A, 5.75%, 08/15/54
 
460
473,359
Wisconsin Housing & Economic Development Authority
Home Ownership Revenue, RB, S/F Housing
 
Series A, Sustainability Bonds, (FHLMC, FNMA,
GNMA), 4.85%, 09/01/43
 
700
717,218
Series A, Sustainability Bonds, (FHLMC, FNMA,
GNMA), 4.75%, 09/01/50
 
4,465
4,512,323
 
 
13,754,840
Total Municipal Bonds — 132.8%
(Cost: $679,602,851)
703,142,529
6
Schedule of Investments (unaudited)(continued)
October 31, 2025
BlackRock MuniYield Fund, Inc. (MYD)
(Percentages shown are based on Net Assets)
Security
 
Par
(000)
Value
Municipal Bonds Transferred to Tender Option Bond Trusts(h)
Alabama — 1.9%
Southeast Energy Authority A Cooperative District, RB,
Series A, 5.25%, 01/01/54(a)
$
9,350
$ 9,929,343
District of Columbia — 1.9%
Washington Metropolitan Area Transit Authority
Dedicated Revenue, RB, Series A, 2nd Lien, 5.50%,
07/15/60
 
9,060
9,848,634
Florida — 7.5%
City of Tampa Florida Water & Wastewater System
Revenue, RB, Series A, Sustainability Bonds, 5.00%,
10/01/52
 
10,000
10,508,227
County of Miami-Dade Florida Aviation Revenue,
Refunding ARB, Series A, AMT, 5.25%, 10/01/50
 
7,540
7,915,505
County of Miami-Dade Florida Transit System, RB,
5.00%, 07/01/50
 
10,000
10,385,990
Hillsborough County Aviation Authority, ARB, Class B,
AMT, 5.50%, 10/01/54
 
10,170
10,868,638
 
 
39,678,360
Illinois — 2.0%
Chicago O’Hare International Airport, Refunding ARB,
Series A, AMT, Senior Lien, 5.50%, 01/01/59(i)
 
10,000
10,562,196
Maryland — 0.9%
Maryland Stadium Authority, RB, 5.00%, 06/01/54
 
4,776
4,968,387
Nebraska — 2.3%
Omaha Public Power District, RB, Series A, 5.00%,
02/01/46
 
11,970
12,344,830
New Jersey — 1.8%
New Jersey Transportation Trust Fund Authority, RB,
Series AA, 5.00%, 06/15/55
 
9,140
9,474,026
New York — 6.4%
Empire State Development Corp., RB, Series A, 5.00%,
03/15/50
 
10,000
10,427,966
Hudson Yards Infrastructure Corp., Refunding RB,
Series A, 5.00%, 02/15/42
 
12,550
12,747,910
New York City Transitional Finance Authority Future Tax
Secured Revenue, RB, Series F-1, 5.25%, 02/01/53(i)
 
10,000
10,585,517
 
 
33,761,393
Ohio — 2.0%
Columbus Regional Airport Authority, Refunding ARB,
Series A, AMT, 5.50%, 01/01/55(i)
 
10,000
10,579,496
Texas — 3.6%
City of San Antonio Texas Electric & Gas Systems
Revenue, Refunding RB, Series A, 5.50%, 02/01/50(i)
 
5,278
5,728,550
San Antonio Water System, Refunding RB, Series A,
Junior Lien, 5.25%, 05/15/48
 
6,340
6,741,547
Terrell Independent School District, GO, (PSF), 5.25%,
08/01/55(i)
 
6,260
6,720,351
 
 
19,190,448
Security
 
Par
(000)
Value
Washington — 4.7%
Port of Seattle Washington, ARB, series B, AMT,
Intermediate Lien, 5.50%, 10/01/50
$
5,536
$ 5,978,058
Port of Seattle Washington, Refunding ARB, Series B,
AMT, Intermediate Lien, 5.25%, 07/01/49
 
8,040
8,467,526
State of Washington, GO, Series 2024-A, 5.00%,
08/01/48
 
10,000
10,535,937
 
 
24,981,521
Total Municipal Bonds Transferred to Tender Option Bond
Trusts — 35.0%
(Cost: $180,557,196)
185,318,634
Total Long-Term Investments — 167.8%
(Cost: $860,160,047)
888,461,163
 
 
 
 
Shares
 
Short-Term Securities
Money Market Funds — 1.6%
BlackRock Liquidity Funds, MuniCash, Institutional
Shares, 3.01%(j)(k)
 
8,529,127
8,529,980
Total Short-Term Securities — 1.6%
(Cost: $8,529,807)
8,529,980
Total Investments — 169.4%
(Cost: $868,689,854)
896,991,143
Other Assets Less Liabilities — 1.8%
9,798,978
Liability for TOB Trust Certificates, Including Interest Expense and
Fees Payable — (23.8)%
(125,970,720
)
VRDP Shares at Liquidation Value, Net of Deferred Offering Costs —
(47.4)%
(251,170,615
)
Net Assets Applicable to Common Shares — 100.0%
$  529,648,786
 
(a)
Variable rate security. Interest rate resets periodically. The rate shown is the effective
interest rate as of period end. Security description also includes the reference rate and
spread if published and available.
(b)
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.
(c)
Zero-coupon bond.
(d)
When-issued security.
(e)
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.
(f)
Issuer filed for bankruptcy and/or is in default.
(g)
Non-income producing security.
(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 the 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 August 1, 2031 to August 1, 2033, is $31,866,319.
(j)
Affiliate of the Fund.
(k)
Annualized 7-day yield as of period end.
Schedule of Investments
7
Schedule of Investments (unaudited)(continued)
October 31, 2025
BlackRock MuniYield Fund, Inc. (MYD)
 
Affiliates
Investments in issuers considered to be affiliate(s) of the Fund during the period ended October 31, 2025 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows: 
Affiliated Issuer
Value at
07/31/25
Purchases
at Cost
Proceeds
from Sales
Net
Realized
Gain (Loss)
Change in
Unrealized
Appreciation
(Depreciation)
Value at
10/31/25
Shares
Held at
10/31/25
Income
Capital Gain
Distributions
from
Underlying
Funds
BlackRock Liquidity Funds, MuniCash, Institutional Shares
$ 8,037,512
$ 492,468
(a)
$ —
$ —
$ —
$ 8,529,980
8,529,127
$ 66,403
$ —
 
(a)
Represents net amount purchased (sold).
Fair Value Hierarchy as of Period End
Various inputs are used in determining the fair value of financial instruments at the measurement date. 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 that the Fund has the ability to access for identical assets or liabilities;
• Level 2 – Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly; and
• Level 3 – Inputs that are unobservable and significant to the  entire fair value measurement for the asset or liability (including the Valuation Committee’s assumptions used in determining the fair value of 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. Investments classified within Level 3 have significant unobservable inputs used by the Valuation Committee in determining the price for Fair Valued Investments. Level 3 investments include equity or debt issued by privately held companies or funds that may not have a secondary market and/or may have a limited number of investors. The categorization of a value determined for financial instruments is based on the pricing transparency of the 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 financial instruments, refer to its most recent financial statements.
The following table summarizes the Fund’s financial instruments categorized in the fair value hierarchy.  The breakdown of the Fund’s financial instruments into major categories is disclosed in the Schedule of Investments above. 
 
Level 1
Level 2
Level 3
Total
Assets
Investments 
Long-Term Investments 
Municipal Bonds
$ —
$ 703,142,529
$ —
$ 703,142,529
Municipal Bonds Transferred to Tender Option Bond Trusts
—
185,318,634
—
185,318,634
Short-Term Securities 
Money Market Funds
8,529,980
—
—
8,529,980
 
$8,529,980
$888,461,163
$—
$896,991,143
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 fair value hierarchy as follows: 
 
Level 1
Level 2
Level 3
Total
Liabilities
TOB Trust Certificates
$—
$(125,395,033
)
$—
$(125,395,033
)
VRDP Shares at Liquidation Value
—
(251,400,000
)
—
(251,400,000
)
 
$—
$(376,795,033
)
$—
$(376,795,033
)
 
Portfolio Abbreviation 
AGM
 Assured Guaranty Municipal Corp.
AGM-CR
 AGM Insured Custodial Receipt
Portfolio Abbreviation (continued)
AMBAC
 AMBAC Assurance Corp.
AMT
 Alternative Minimum Tax
8
Schedule of Investments (unaudited)(continued)
October 31, 2025
BlackRock MuniYield Fund, Inc. (MYD)
 
Portfolio Abbreviation (continued)
ARB
 Airport Revenue Bonds
BAM
 Build America Mutual Assurance Co.
CAB
 Capital Appreciation Bonds
CR
 Custodian Receipt
FHLMC
 Federal Home Loan Mortgage Corp.
FNMA
 Federal National Mortgage Association
GNMA
 Government National Mortgage Association
GO
 General Obligation Bonds
GOL
 General Obligation Ltd.
HUD SECT 8
 U.S. Department of Housing and Urban Development
Section 8
M/F
 Multi-Family
PSF
 Permanent School Fund
RB
 Revenue Bonds
S/F
 Single-Family
SAB
 Special Assessment Bonds
TA
 Tax Allocation
Schedule of Investments
9