Schedule of Investments  (unaudited) July 31, 2021 BlackRock MuniYield Fund, Inc. (MYD) (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Municipal Bonds
Alabama — 1.9%
County of Jefferson Alabama Sewer Revenue, Refunding RB
Series A, Senior Lien, (AGM), 5.00%, 10/01/44	$	1,665	$	1,840,907
Series A, Senior Lien, (AGM), 5.25%, 10/01/48		3,175		3,522,028
Series D, Sub Lien, 6.00%, 10/01/42		7,410		8,476,521
				13,839,456
Arizona — 3.0%
Glendale Industrial Development Authority, RB
5.00%, 05/15/41		190		219,980
5.00%, 05/15/56		750		851,310
Industrial Development Authority of the City of Phoenix, RB, Series A, 5.00%, 07/01/46(a)		3,575		3,996,564
Salt Verde Financial Corp., RB
5.00%, 12/01/32		7,365		9,829,918
5.00%, 12/01/37		5,000		7,134,500
				22,032,272
Arkansas — 1.0%
Arkansas Development Finance Authority, RB
5.00%, 12/01/47		1,120		1,415,591
Series A, AMT, 4.50%, 09/01/49(a)		5,230		5,880,978
				7,296,569
California — 4.3%
California Educational Facilities Authority, RB,
Series V-1, 5.00%, 05/01/49		4,455		7,215,986
California Health Facilities Financing Authority, Refunding RB
Series A, 5.00%, 07/01/33		2,560		2,790,477
Series A, 4.00%, 04/01/45		820		972,143
California Municipal Finance Authority, RB, S/F Housing
Series A, 5.25%, 08/15/39		305		332,548
Series A, 5.25%, 08/15/49		770		832,432
California Pollution Control Financing Authority, RB,
Series A, AMT, 5.00%, 11/21/45(a)		1,650		1,717,056
California State Public Works Board, RB,
Series I, 5.00%, 11/01/38		1,605		1,769,561
California Statewide Financing Authority, RB, Series A, 6.00%, 05/01/43		3,285		3,294,034
City of Los Angeles Department of Airports, Refunding ARB
Series A, AMT, 5.00%, 05/15/31		715		964,156
Series A, AMT, 5.00%, 05/15/32		860		1,154,670
Series A, AMT, 5.00%, 05/15/33		850		1,135,396
Series A, AMT, 5.00%, 05/15/38		605		795,817
Series A, AMT, 5.00%, 05/15/39		650		854,113
Golden State Tobacco Securitization Corp., Refunding RB
Series A-1, 5.25%, 06/01/47		1,140		1,180,687
Series A-2, 5.00%, 06/01/47		4,525		4,677,085
State of California, GO, (AMBAC), 5.00%, 04/01/31		10		10,034
State of California, Refunding GO, 3.00%, 12/01/46		1,045		1,145,539
Stockton Public Financing Authority, RB, Series A, 6.25%, 10/01/23(b)		740		838,272
				31,680,006

Security	Par (000)		Value
Colorado — 1.7%
Arapahoe County School District No.6 Littleton, GO, Series A, (SAW), 5.50%, 12/01/43	$	2,635	$	3,477,488
Colorado Health Facilities Authority, Refunding RB, Series A, 4.00%, 08/01/44		3,735		4,330,172
Denver Connection West Metropolitan District, GO, Series A, 5.38%, 08/01/47		1,250		1,316,825
State of Colorado, COP, Series O, 4.00%, 03/15/44		2,695		3,159,295
				12,283,780
Connecticut — 0.7%
State of Connecticut Special Tax Revenue, RB
Series A, 4.00%, 05/01/36		690		840,247
Series A, 4.00%, 05/01/39		440		532,550
State of Connecticut, GO, Series A, 4.00%, 01/15/38		3,080		3,727,108
				5,099,905
Delaware — 0.4%
Delaware Transportation Authority, RB, 5.00%, 06/01/55		2,430		2,804,730
District of Columbia — 7.3%
District of Columbia, Refunding RB 5.00%, 04/01/35		910		1,111,647
5.00%, 10/01/48		4,875		5,950,669
District of Columbia, TA, 5.13%, 06/01/41		4,440		4,454,918
Metropolitan Washington Airports Authority Aviation Revenue, Refunding ARB
Series A, AMT, 4.00%, 10/01/37		715		878,878
Series A, AMT, 4.00%, 10/01/38		715		876,726
Series A, AMT, 4.00%, 10/01/39		1,060		1,293,083
Series A, AMT, 4.00%, 10/01/40		860		1,046,981
Series A, AMT, 4.00%, 10/01/41		795		963,349
Metropolitan Washington Airports Authority Dulles Toll Road Revenue, Refunding RB
Series A, 5.00%, 10/01/53		4,240		4,360,416
Series B, Subordinate, 4.00%, 10/01/49		1,615		1,858,542
Metropolitan Washington Airports Authority Dulles Toll Road Revenue, Refunding RB, CAB(c)
Series B, 2nd Senior Lien, (AGC), 0.00%, 10/01/31		8,350		7,171,147
Series B, 2nd Senior Lien, (AGC), 0.00%, 10/01/32		15,000		12,542,400
Series B, 2nd Senior Lien, (AGC), 0.00%, 10/01/33		13,410		10,944,840
				53,453,596
Florida — 4.4%
Alachua County Health Facilities Authority, RB, Series A, 5.00%, 12/01/44		4,825		5,503,540
Capital Projects Finance Authority, RB
Series A-1, 5.00%, 10/01/32		405		513,892
Series A-1, 5.00%, 10/01/33		455		575,420
Series A-1, 5.00%, 10/01/34		455		572,950
Series A-1, 5.00%, 10/01/35		150		188,243
Collier County Health Facilities Authority, Refunding RB, Series A, 5.00%, 05/01/45		2,790		3,168,045
County of Miami-Dade Florida Aviation Revenue, Refunding RB
Series A, 4.00%, 10/01/37		680		822,943
Series A, 4.00%, 10/01/38		680		821,957
Series A, 4.00%, 10/01/39		505		609,444
County of Sarasota Florida Utility System Revenue, RB Series A, 5.00%, 10/01/45		905		1,174,002
Series A, 5.00%, 10/01/50		1,360		1,747,750

SCHEDULE OF INVESTMENTS 1

Schedule of Investments  (unaudited) (continued) July 31, 2021 BlackRock MuniYield Fund, Inc. (MYD) (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Florida (continued)
Florida Development Finance Corp., RB(a) Series A, 5.00%, 06/15/40	$	455	$	530,507
Series A, 5.00%, 06/15/50		1,510		1,729,433
Series A, 5.00%, 06/15/55		905		1,034,125
Mid-Bay Bridge Authority, RB, Series A, 7.25%, 10/01/21(b)		6,150		6,220,971
Santa Rosa Bay Bridge Authority, RB, 6.25%, 07/01/28(d)(e)		3,036		2,659,751
Volusia County Educational Facility Authority, Refunding RB, 5.00%, 10/15/49		3,695		4,669,002
				32,541,975
Georgia — 2.4%
Gainesville & Hall County Hospital Authority, Refunding RB, Series A, (GTD), 5.50%, 08/15/54		1,075		1,249,064
George L Smith II Congress Center Authority, RB, 4.00%, 01/01/54		740		863,476
Georgia Housing & Finance Authority, RB, S/F Housing, Series B, 2.50%, 06/01/50		1,510		1,539,611
Main Street Natural Gas, Inc., RB Series A, 5.00%, 05/15/35		1,040		1,459,942
Series A, 5.00%, 05/15/36		1,040		1,478,547
Series A, 5.00%, 05/15/37		1,145		1,648,949
Series A, 5.00%, 05/15/38		630		920,279
Series A, 5.00%, 05/15/49		2,100		3,318,819
Municipal Electric Authority of Georgia, RB, 4.00%, 01/01/49		3,290		3,715,561
Municipal Electric Authority of Georgia, Refunding RB, Sub-Series A, 4.00%, 01/01/49		1,285		1,469,963
				17,664,211
Idaho — 1.4%
Power County Industrial Development Corp., RB, AMT, 6.45%, 08/01/32		10,000		10,039,200
Illinois — 10.9%
Chicago Board of Education, GO Series C, 5.25%, 12/01/35		3,095		3,493,203
Series D, 5.00%, 12/01/46		4,040		4,500,772
Series H, 5.00%, 12/01/36		460		560,427
Chicago Board of Education, Refunding GO Series C, 5.00%, 12/01/25		1,365		1,606,250
Series D, 5.00%, 12/01/25		1,735		2,041,418
Series D, 5.00%, 12/01/31		1,000		1,234,220
Series F, 5.00%, 12/01/22		1,305		1,382,060
Series G, 5.00%, 12/01/34		455		559,382
Chicago O’Hare International Airport, Refunding RB, Series A, Senior Lien, 4.00%, 01/01/37		1,960		2,360,702
Chicago Transit Authority Sales Tax Receipts Fund, RB, 5.25%, 12/01/21(b)		2,130		2,165,124
Cook County Community College District No. 508, GO, 5.50%, 12/01/38		1,635		1,786,843
Illinois Finance Authority, RB Series A, 5.00%, 02/15/47		500		564,630
Series A, 5.00%, 02/15/50		270		303,558
Illinois State Toll Highway Authority, RB Series A, 5.00%, 01/01/45		2,705		3,497,024
Series C, 5.00%, 01/01/37		5,815		6,689,518
Metropolitan Pier & Exposition Authority, RB, Series A, 5.00%, 06/15/57		1,835		2,202,257

Security	Par (000)		Value
Illinois (continued)
Metropolitan Pier & Exposition Authority, Refunding RB, 4.00%, 06/15/50	$	2,830	$	3,276,857
Metropolitan Pier & Exposition Authority, Refunding RB, CAB(c) Series B, (AGM), 0.00%, 06/15/43		10,925		6,650,157
Series B, (AGM), 0.00%, 06/15/47		27,225		14,616,286
State of Illinois, GO 5.50%, 07/01/38		4,000		4,320,000
5.00%, 02/01/39		3,195		3,500,187
Series A, 5.00%, 04/01/38		2,510		2,650,610
Series D, 5.00%, 11/01/24		5,800		6,648,598
State of Illinois, Refunding GO, Series B, 5.00%, 10/01/28		1,000		1,268,620
University of Illinois, RB, Series A, 5.00%, 04/01/44		2,045		2,279,357
				80,158,060
Indiana — 2.8%
City of Valparaiso Indiana, RB
AMT, 6.75%, 01/01/34		1,635		1,807,542
AMT, 7.00%, 01/01/44		3,950		4,372,057
Indiana Finance Authority, RB Series A, 1st Lien, 5.25%, 10/01/38		6,665		6,720,519
Series A, AMT, 5.00%, 07/01/44		910		975,538
Series A, AMT, 5.00%, 07/01/48		3,015		3,247,306
Series A, AMT, 5.25%, 01/01/51		840		910,426
Indianapolis Local Public Improvement Bond Bank, RB, Series A, 5.00%, 01/15/40		2,580		2,752,421
				20,785,809
Iowa — 1.0%
Iowa Finance Authority, Refunding RB 5.25%, 12/01/25		940		1,035,965
Series B, 5.25%, 12/01/50(f)		5,720		6,295,718
				7,331,683
Kentucky — 1.2%
Kentucky Economic Development Finance Authority, RB, Series A, 5.25%, 01/01/23(b)		2,055		2,203,946
Kentucky Economic Development Finance Authority, Refunding RB, Series A, (AGM), 5.00%, 12/01/45		2,625		3,204,337
Kentucky Public Transportation Infrastructure Authority, RB, CAB, Series C, Convertible, 6.75%, 07/01/43(g)		2,485		3,072,529
				8,480,812
Louisiana — 1.9%
Louisiana Public Facilities Authority, Refunding RB, 5.00%, 04/01/45		5,500		7,037,580
Tobacco Settlement Financing Corp., Refunding RB Series A, 5.25%, 05/15/31		635		636,390
Series A, 5.25%, 05/15/32		2,240		2,320,640
Series A, 5.25%, 05/15/33		2,430		2,517,140
Series A, 5.25%, 05/15/35		1,025		1,105,893
				13,617,643
Maryland — 0.8%
County of Prince George’s Maryland, ARB, 5.20%, 07/01/34		1,162		1,163,011

2

Schedule of Investments  (unaudited) (continued) July 31, 2021 BlackRock MuniYield Fund, Inc. (MYD) (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Maryland (continued)
Maryland Health & Higher Educational Facilities Authority, RB, Series 2017, 5.00%, 12/01/46	$	880	$	1,077,701
Maryland State Transportation Authority, Refunding RB, Series A, 2.50%, 07/01/47		3,680		3,769,681
				6,010,393
Massachusetts — 1.8%
Massachusetts Bay Transportation Authority, Refunding RB, Series A-1, 5.25%, 07/01/29.		3,250		4,346,907
Massachusetts Housing Finance Agency, RB, M/F Housing Series C-1, 3.15%, 12/01/49		1,165		1,216,144
Series C-1, 3.25%, 12/01/54		4,280		4,476,195
Massachusetts Port Authority, ARB, Series E, AMT, 5.00%, 07/01/51		2,325		2,993,740
				13,032,986
Michigan — 2.6%
City of Detroit Michigan Sewage Disposal System Revenue, Refunding RB, Series A, Senior Lien, 5.25%, 07/01/22(b)		8,995		9,419,744
Michigan Finance Authority, Refunding RB, Series A, 4.00%, 12/01/49		1,710		2,019,578
Michigan State Housing Development Authority, RB, M/F Housing, Series A, 2.70%, 10/01/56		1,995		2,005,953
Michigan State University, Refunding RB, Series B, 5.00%, 02/15/48		2,105		2,659,457
Michigan Strategic Fund, RB, AMT,5.00%, 06/30/48		2,255		2,745,846
				18,850,578
Minnesota — 1.1%
Duluth Economic Development Authority, Refunding RB Series A, 4.25%, 02/15/48		2,160		2,485,210
Series A, 5.25%, 02/15/53		4,315		5,358,669
				7,843,879
Missouri — 2.2%
Health & Educational Facilities Authority of the State of Missouri, RB, 4.00%, 06/01/53		6,030		7,096,044
Health & Educational Facilities Authority of the State of Missouri, Refunding RB 5.50%, 05/01/43		510		552,651
Series A, 4.00%, 07/01/46		1,250		1,509,913
Series C, 5.00%, 11/15/47		5,470		6,736,250
				15,894,858
Nebraska — 0.4%
Central Plains Energy Project, RB 5.25%, 09/01/37		1,670		1,757,858
5.00%, 09/01/42		925		971,093
				2,728,951
New Hampshire(a) — 0.7%
New Hampshire Business Finance Authority, Refunding RB Series B, 4.63%, 11/01/42		3,205		3,369,160
Series C, AMT, 4.88%, 11/01/42		1,665		1,758,024
				5,127,184
New Jersey — 13.1%
Casino Reinvestment Development Authority, Inc., Refunding RB 5.25%, 11/01/39		3,490		3,907,090

Security	Par (000)		Value
New Jersey (continued)
Casino Reinvestment Development Authority, Inc., Refunding RB (continued) 5.25%, 11/01/44	$	3,180	$	3,521,532
Hudson County Improvement Authority, RB, 4.00%, 10/01/46		3,470		4,169,274
New Jersey Economic Development Authority, RB 4.00%, 11/01/38		1,075		1,247,591
4.00%, 11/01/39		860		994,685
5.00%, 06/15/49		4,850		6,021,905
Series EEE, 5.00%, 06/15/48		7,780		9,614,213
Series B, AMT, 6.50%, 04/01/31		2,155		2,345,610
New Jersey Economic Development Authority, Refunding ARB, AMT, 5.00%, 10/01/47		3,040		3,586,592
New Jersey Transportation Trust Fund Authority, RB Series AA, 5.00%, 06/15/44		3,875		4,223,005
Series BB, 5.00%, 06/15/50		10,800		13,291,344
New Jersey Transportation Trust Fund Authority, RB, CAB, Series C, (AMBAC), 0.00%, 12/15/35(c)		7,395		5,620,422
New Jersey Turnpike Authority, RB Series A, 5.00%, 07/01/22(b)		685		715,640
Series A, 4.00%, 01/01/42		1,530		1,853,549
Series E, 5.00%, 01/01/45		5,425		6,200,938
State of New Jersey, GO
Series A, 4.00%, 06/01/31		1,180		1,499,957
Series A, 3.00%, 06/01/32		2,715		3,149,373
Tobacco Settlement Financing Corp., Refunding RB Series A, 5.25%, 06/01/46		5,120		6,286,336
Sub-Series B, 5.00%, 06/01/46		14,860		17,797,970
				96,047,026
New York — 14.0%
City of New York, GO, Series C, 5.00%, 08/01/42		2,330		3,030,072
Erie Tobacco Asset Securitization Corp., Refunding RB, Series A, 5.00%, 06/01/45		4,070		4,099,345
Metropolitan Transportation Authority, RB Series B, 5.25%, 11/15/38		4,960		5,580,794
Series B, 5.25%, 11/15/39		1,765		1,984,672
Metropolitan Transportation Authority, Refunding RB Series C-1, 4.75%, 11/15/45		3,335		4,138,001
Series C-1, 5.00%, 11/15/50		1,085		1,348,850
Series C-1, 5.25%, 11/15/55		1,605		2,026,409
Monroe County Industrial Development Corp., Refunding RB 4.00%, 12/01/46		1,090		1,289,394
Series A, 4.00%, 07/01/50		2,240		2,653,302
New York City Housing Development Corp., RB, M/F Housing
Series A, 3.00%, 11/01/55		2,220		2,299,631
Series F-1, (FHA), 2.40%, 11/01/46		5,310		5,338,568
Series F-1, (FHA), 2.50%, 11/01/51		3,660		3,707,946
New York City Industrial Development Agency,
Refunding RB Series A, Class A, (AGM), 3.00%, 01/01/37		455		503,567
Series A, Class A, (AGM), 3.00%, 01/01/39		455		501,524
Series A, Class A, (AGM), 3.00%, 01/01/40		320		352,070
New York City Transitional Finance Authority Future Tax Secured Revenue, RB Sub-Series E-1, 5.00%, 02/01/42		4,235		4,334,734
Series C, Subordinate, 4.00%, 05/01/45		2,275		2,727,884

SCHEDULE OF INVESTMENTS 3

Schedule of Investments  (unaudited) (continued) July 31, 2021 BlackRock MuniYield Fund, Inc. (MYD) (Percentages shown are based on Net Assets)

Security	Par (000)		Value
New York (continued)
New York City Transitional Finance Authority Future Tax Secured Revenue, RB (continued) Sub-Series C-1, Subordinate, 4.00%, 05/01/40	$	905	$	1,102,851
New York Counties Tobacco Trust IV, Refunding RB, Series A, 6.25%, 06/01/41(a)		3,500		3,550,155
New York Liberty Development Corp., Refunding RB(a) Series 1, Class 1, 5.00%, 11/15/44		8,145		8,999,899
Series 2, Class 2, 5.15%, 11/15/34		705		794,168
Series 2, Class 2, 5.38%, 11/15/40		1,760		1,988,325
New York State Environmental Facilities Corp., RB, Series B, Subordinate, 5.00%, 06/15/48		3,750		4,729,612
New York State Urban Development Corp., RB Series A, 4.00%, 03/15/49		16,590		19,595,942
Series A, 3.00%, 03/15/50		2,695		2,891,466
New York Transportation Development Corp., ARB, Series A, AMT, 5.25%, 01/01/50		1,525		1,725,599
New York Transportation Development Corp., RB AMT, 5.00%, 10/01/35		750		971,018
AMT, 5.00%, 10/01/40		2,120		2,710,547
Triborough Bridge & Tunnel Authority, RB Series A, 4.00%, 11/15/54		2,065		2,466,457
Series A, 5.00%, 11/15/54		1,770		2,281,388
Series A, 5.00%, 11/15/56		1,850		2,408,404
Westchester County Healthcare Corp., RB, Series A, Senior Lien, 5.00%, 11/01/44		431		481,235
				102,613,829
North Carolina — 1.3%
County of Union North Carolina Enterprise System Revenue, RB, 3.00%, 06/01/51		4,300		4,722,432
North Carolina Medical Care Commission, RB Series A, 4.00%, 10/01/40		240		271,666
Series A, 5.00%, 10/01/40		360		441,965
Series A, 4.00%, 10/01/45		220		247,485
Series A, 5.00%, 10/01/45		640		782,381
Series A, 4.00%, 10/01/50		270		303,755
Series A, 5.00%, 10/01/50		720		869,997
University of North Carolina at Chapel Hill, RB, 5.00%, 02/01/49		1,130		1,818,678
				9,458,359
North Dakota — 0.3%
County of Cass North Dakota, Refunding RB, Series B, 5.25%, 02/15/58		2,000		2,477,340
Ohio — 3.9%
Buckeye Tobacco Settlement Financing Authority, Refunding RB Series A-2, Class 1, 4.00%, 06/01/37		610		731,622
Series A-2, Class 1, 4.00%, 06/01/38		610		729,395
Series A-2, Class 1, 4.00%, 06/01/39		610		726,815
Series A-2, Class 1, 4.00%, 06/01/48		1,605		1,875,057
Series B-2, Class 2, 5.00%, 06/01/55		7,005		8,219,527
County of Allen Ohio Hospital Facilities Revenue, Refunding RB, Series A, 4.00%, 11/01/44		4,160		4,521,504
County of Franklin Ohio, RB Series 2017, 5.00%, 12/01/46		840		1,028,210
Series A, 6.13%, 07/01/22(b)		80		84,405
Series A, 6.13%, 07/01/40		1,300		1,357,356
Series A, 4.00%, 12/01/49		1,060		1,248,977
County of Hamilton Ohio, Refunding RB 4.00%, 08/15/50		1,245		1,477,653

Security	Par (000)		Value
Ohio (continued)
County of Hamilton Ohio, Refunding RB (continued) Series A, 3.75%, 08/15/50	$	2,190	$	2,509,937
Ohio Air Quality Development Authority, RB, AMT, 5.00%, 07/01/49(a)		1,545		1,818,419
State of Ohio, RB, AMT, 5.00%, 06/30/53		1,685		1,861,335
				28,190,212
Oklahoma — 1.7%
Oklahoma Development Finance Authority, RB, Series B, 5.50%, 08/15/57		2,460		3,052,614
Oklahoma Turnpike Authority, RB Series A, 4.00%, 01/01/48		4,320		4,972,882
Series C, 4.00%, 01/01/42		4,115		4,752,002
				12,777,498
Oregon — 0.6%
Port of Portland Oregon Airport Revenue, Refunding ARB, Series 27-A, AMT, 5.00%, 07/01/45		3,755		4,748,198
Pennsylvania — 3.4%
Allentown Neighborhood Improvement Zone Development Authority, Refunding RB, Series A, 5.00%, 05/01/42		5,250		5,436,742
Hospitals & Higher Education Facilities Authority of Philadelphia, RB, Series A, 5.63%, 07/01/42		1,325		1,376,543
Montgomery County Higher Education and Health Authority, Refunding RB Series A, 5.00%, 09/01/43		2,610		3,217,582
Series A, 4.00%, 09/01/49		1,185		1,328,112
Pennsylvania Economic Development Financing Authority, RB, AMT, 5.00%, 06/30/42		1,765		2,053,736
Pennsylvania Economic Development Financing Authority, Refunding RB, AMT, 5.50%, 11/01/44		3,210		3,431,073
Pennsylvania Higher Educational Facilities Authority, RB, 4.00%, 08/15/49		4,875		5,728,612
Pennsylvania Turnpike Commission, RB, Series A, 5.00%, 12/01/44		2,305		2,634,869
				25,207,269
Puerto Rico — 5.7%
Children’s Trust Fund, Refunding RB 5.50%, 05/15/39		1,430		1,465,307
5.63%, 05/15/43		1,430		1,446,645
Puerto Rico Commonwealth Aqueduct & Sewer Authority, RB Series A, Senior Lien, 5.00%, 07/01/33		5,165		5,348,719
Series A, Senior Lien, 5.13%, 07/01/37		1,470		1,520,509
Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue, RB Series A-1, Restructured, 4.75%, 07/01/53		3,817		4,390,886
Series A-1, Restructured, 5.00%, 07/01/58		14,706		17,134,402
Series A-2, Restructured, 4.78%, 07/01/58		6,236		7,170,153
Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue, RB, CAB(c) Series A-1, Restructured, 0.00%, 07/01/46		8,495		2,838,009
Series A-1, Restructured, 0.00%, 07/01/51		1,547		375,596
				41,690,226
Rhode Island — 2.9%
Central Falls Detention Facility Corp., Refunding RB, 7.25%, 07/15/35(d)(e)		4,155		623,250

4

Schedule of Investments  (unaudited) (continued) July 31, 2021 BlackRock MuniYield Fund, Inc. (MYD) (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Rhode Island (continued)
Tobacco Settlement Financing Corp., Refunding RB
Series B, 4.50%, 06/01/45	$	8,215	$	9,146,499
Series B, 5.00%, 06/01/50		9,875		11,306,085
				21,075,834
South Carolina — 3.8%
South Carolina Jobs-Economic Development Authority, Refunding RB, Series A, 5.00%, 05/01/48		6,455		7,893,626
South Carolina Public Service Authority, RB, Series A, 5.50%, 12/01/54		8,090		9,122,769
South Carolina Public Service Authority, Refunding RB
Series A, 5.00%, 12/01/50		5,000		5,700,800
Series E, 5.25%, 12/01/55		4,550		5,320,224
				28,037,419
Tennessee — 1.0%
Chattanooga Health Educational & Housing Facility Board, RB, Series A, 5.25%, 01/01/23(b)		2,855		3,061,303
Chattanooga Health Educational & Housing Facility Board, Refunding RB, Series A, 4.00%, 08/01/44		330		385,648
Metropolitan Government Nashville & Davidson County Health & Educational Facilities Board, RB, Series A, 5.00%, 07/01/40		1,440		1,708,963
Metropolitan Government Nashville & Davidson County Health & Educational Facilities Board, Refunding RB, Series A, 5.25%, 10/01/58		2,025		2,488,664
				7,644,578
Texas — 5.5%
Central Texas Regional Mobility Authority, RB, Series E, Senior Lien, 4.00%, 01/01/50		4,525		5,291,173
Central Texas Regional Mobility Authority, Refunding RB, Sub Lien, 5.00%, 01/01/23(b)		725		775,344
City of Houston Texas Airport System Revenue, RB, Series B-1, AMT, 5.00%, 07/15/30		3,600		4,036,212
City of Houston Texas Airport System Revenue, Refunding RB, AMT, 5.00%, 07/01/29		1,765		1,944,536
City of San Antonio Texas Electric & Gas Systems Revenue, Refunding RB, Series A, 5.00%, 02/01/48		2,440		3,073,717
Clifton Higher Education Finance Corp., RB, 6.00%, 08/15/43		1,525		1,688,099
Harris County Cultural Education Facilities Finance Corp., RB
Series B, 7.00%, 01/01/23(b)		485		532,132
Series B, 6.38%, 01/01/33		460		492,421
North Texas Tollway Authority, RB, CAB, Series B, 0.00%, 09/01/31(b)(c)		4,110		2,267,199
North Texas Tollway Authority, Refunding RB, Series A, 5.00%, 01/01/38		1,910		2,195,793
San Antonio Water System, Refunding RB, Series A, Junior Lien, 5.00%, 05/15/48		2,695		3,352,607
Tarrant County Cultural Education Facilities Finance Corp., RB, Series B, 5.00%, 07/01/48		9,585		11,809,199
Texas Transportation Commission, RB, Series A, 5.00%, 08/01/57		2,435		2,860,638
				40,319,070

Security	Par (000)		Value
Utah — 1.0%
City of Salt Lake City Utah Airport Revenue, ARB
Series A, AMT, 5.00%, 07/01/47	$	1,920	$	2,304,250
Series A, AMT, 5.00%, 07/01/48		1,845		2,239,406
County of Utah, RB
Series A, 4.00%, 05/15/43		450		539,095
Series A, 3.00%, 05/15/50		2,065		2,220,845
				7,303,596
Vermont — 1.2%
Vermont Educational & Health Buildings Financing Agency, Refunding RB 5.00%, 11/01/49		3,640		4,625,639
4.00%, 11/01/50		3,275		3,828,148
				8,453,787
Virginia — 1.0%
Virginia Small Business Financing Authority, RB
AMT, Senior Lien, 5.25%, 01/01/32		3,270		3,415,646
AMT, Senior Lien, 6.00%, 01/01/37		3,900		4,097,730
				7,513,376
Washington — 1.6%
Port of Seattle Washington, ARB
Series A, AMT, 5.00%, 05/01/43		3,120		3,719,602
Series C, AMT, 5.00%, 04/01/40		1,565		1,766,431
Washington Health Care Facilities Authority, RB,
Series A, 5.75%, 01/01/23(b)		4,745		5,123,651
Washington Health Care Facilities Authority, Refunding RB, Series A, 4.00%, 08/01/44		715		833,154
				11,442,838
West Virginia — 0.5%
West Virginia Parkways Authority, RB, Senior Lien, 4.00%, 06/01/51		3,050		3,695,533
Wisconsin — 0.3%
Public Finance Authority, RB
Series A, 5.00%, 07/15/39(a)		190		217,599
Series A, 5.00%, 07/15/49(a)		720		807,034
Series A, 5.00%, 07/15/54(a)		345		384,016
Series B, 5.00%, 06/01/49		930		1,115,163
				2,523,812
Total Municipal Bonds — 118.7% (Cost: $765,046,207)				869,818,336
Municipal Bonds Transferred to Tender Option Bond Trusts(h)
California — 2.1%
Bay Area Toll Authority, Refunding RB, 4.00%, 04/01/42(i)		6,496		7,506,528
Sacramento Area Flood Control Agency, Refunding SAB, 5.00%, 10/01/47		6,494		7,831,407
				15,337,935

SCHEDULE OF INVESTMENTS 5

Schedule of Investments  (unaudited) (continued) July 31, 2021 BlackRock MuniYield Fund, Inc. (MYD) (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Colorado — 2.0%
City & County of Denver Colorado Airport System Revenue, Refunding ARB, Series A, AMT, 5.25%, 12/01/48(i)	$	4,775	$	5,990,780
County of Adams Colorado, Refunding COP, 4.00%, 12/01/45		7,820		8,734,549
				14,725,329
District of Columbia — 2.2%
District of Columbia Housing Finance Agency, RB, M/F Housing, Series B-2, (FHA), 4.10%, 09/01/39		10,265		11,692,549
Metropolitan Washington Airports Authority Dulles Toll Road Revenue, Refunding RB, Series B, Subordinate, (AGM), 4.00%, 10/01/53		3,779		4,433,366
				16,125,915
Georgia — 1.5%
Dalton Whitfield County Joint Development Authority, RB, 4.00%, 08/15/48		6,660		7,721,737
Georgia Housing & Finance Authority, Refunding RB, Series A, 3.60%, 12/01/44		3,037		3,335,474
				11,057,211
Illinois — 0.5%
Illinois Finance Authority, Refunding RB
Series C, 4.00%, 02/15/27(b)		6		6,627
Series C, 4.00%, 02/15/41		2,994		3,426,145
				3,432,772
Massachusetts — 1.3%
Commonwealth of Massachusetts Transportation Fund Revenue, RB, Series A, 4.00%, 06/01/45		4,333		4,847,362
Massachusetts School Building Authority, RB, Series B, 5.00%, 10/15/21(b)		4,607		4,652,453
				9,499,815
New York — 11.5%
Hudson Yards Infrastructure Corp., RB 5.75%, 02/15/47(i)		654		657,182
5.75%, 02/15/47		403		404,279
New York Liberty Development Corp., ARB, 5.25%, 12/15/43		21,629		22,023,479
New York Liberty Development Corp., Refunding RB, 5.75%, 11/15/51(i)		13,081		13,271,694
New York Power Authority, Refunding RB, Series A, 4.00%, 11/15/60		2,760		3,291,962
New York State Dormitory Authority, Refunding RB,
Series D, 4.00%, 02/15/47		12,580		14,769,927
New York State Thruway Authority, Refunding RB, Series B, Subordinate, 4.00%, 01/01/50		6,065		7,093,751
New York State Urban Development Corp., RB, Series A, 4.00%, 03/15/46		13,980		16,349,330
Port Authority of New York & New Jersey, Refunding ARB, 194th Series, 5.25%, 10/15/55		5,400		6,402,402
				84,264,006
North Carolina — 0.9%
North Carolina Capital Facilities Finance Agency, Refunding RB, Series B, 5.00%, 10/01/25(b)		5,290		6,311,816
Pennsylvania — 0.8%
Pennsylvania Turnpike Commission, RB, Sub-Series A, 5.50%, 12/01/42		4,877		6,045,284

Security	Par (000)		Value
Rhode Island — 0.5%
Narragansett Bay Commission, Refunding RB, Series A, 4.00%, 09/01/22(b)	$	3,272	$	3,409,812
Texas — 6.4%
Board of Regents of the University of Texas System, Refunding RB, Series B, 5.00%, 08/15/43		6,243		6,539,589
City of San Antonio Texas Electric & Gas Systems Revenue, RB, Junior Lien, 5.00%, 02/01/23(b)		5,060		5,430,797
Lower Colorado River Authority, Refunding, RB, 4.00%,05/15/43		4,335		4,445,976
Metropolitan Transit Authority of Harris County Sales & Use Tax Revenue, Refunding RB, Series A, 5.00%, 11/01/21(b)		6,920		7,004,424
San Antonio Public Facilities Corp., Refunding RB, 4.00%, 09/15/42		5,700		5,900,697
Texas Water Development Board, RB, Series A, 4.00%, 10/15/49		14,560		17,341,688
				46,663,171
Virginia — 2.3%
Hampton Roads Transportation Accountability Commission, RB, Series A, Senior Lien, 4.00%, 07/01/60(i)		4,496		5,333,901
Virginia Small Business Financing Authority, Refunding RB, Series A, 4.00%, 12/01/49		10,097		11,860,559
				17,194,460
Wisconsin — 1.9%
Wisconsin Health & Educational Facilities Authority, Refunding RB 4.00%, 12/01/46		5,950		6,780,065
4.00%, 12/15/49(i)		6,200		7,279,730
				14,059,795
Total Municipal Bonds Transferred to Tender Option Bond Trusts — 33.9% (Cost: $229,359,348)				248,127,321
Total Long-Term Investments — 152.6% (Cost: $994,405,555)				1,117,945,657
	Shares
Short-Term Securities
Money Market Funds — 0.7%
BlackRock Liquidity Funds, MuniCash, Institutional Class, 0.01%(j)(k)		4,713,707		4,714,650
Total Short-Term Securities — 0.7% (Cost: $4,714,650)				4,714,650
Total Investments — 153.3% (Cost: $999,120,205)				1,122,660,307
Other Assets Less Liabilities — 0.8%				6,103,301
Liability for TOB Trust Certificates, Including Interest Expense and Fees Payable — (19.8)%				(145,258,146	)
VRDP Shares at Liquidation Value, Net of Deferred Offering Costs — (34.3)%				(251,084,925	)
Net Assets Applicable to Common Shares — 100.0%			$	732,420,537

6

Schedule of Investments  (unaudited) (continued) July 31, 2021 BlackRock MuniYield Fund, Inc. (MYD)

^(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.

^(e) Non-income producing security.

^(f) 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.

^(g) Step coupon security. Coupon rate will either increase (step-up bond) or decrease (step-down bond) at regular intervals until maturity. Interest rate shown reflects the rate currently in effect.

^(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 April 1, 2025 to November 15, 2051, is $22,119,088.

^(j)  Affiliate of the Fund.

^(k) Annualized 7-day yield as of period end.

Affiliates

Investments in issuers considered to be affiliate(s) of the Fund during the period ended July 31, 2021 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

Affiliated Issuer	Value at 04/30/21		Purchases at Cost			Proceeds from Sales		Net Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)		Value at 07/31/21		Shares Held at 07/31/21		Income		Capital Gain Distributions from Underlying Funds
BlackRock Liquidity Funds, MuniCash, Institutional Class	$	650,459	$	4,064,191	(a)	$	—	$	—	$	—	$	4,714,650		4,713,707	$	68	$	—

^(a) Represents net amount purchased (sold).

Derivative Financial Instruments Outstanding as of Period End

Futures Contracts

Description	Number of Contracts		Expiration Date		Notional Amount (000)	Value/ Unrealized Appreciation (Depreciation)
Short Contracts
10-Year U.S. Treasury Note		89		09/21/21	$            11,973	$	(159,934	)
U.S. Long Bond		68		09/21/21	11,218		(465,845	)
5-Year U.S. Treasury Note		56		09/30/21	6,971		(59,903	)
						$	(685,682	)

Fair Value Hierarchy as of Period End

Various inputs are used in determining the fair value of 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); and

• Level 3 – Unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available (including the BlackRock Global Valuation Methodologies Committee’s (the “Global 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 Global Valuation Committee in determining the price for Fair Valued Investments. Level 3 investments include equity or debt issued by privately held companies or funds. There may not be a secondary market, and/or there are a limited number of investors. The categorization of a value determined for financial instruments

SCHEDULE OF INVESTMENTS 7

Schedule of Investments  (unaudited) (continued) July 31, 2021 BlackRock MuniYield Fund, Inc. (MYD)

Fair Value Hierarchy as of Period End (continued)

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	$	—		$	869,818,336	$	—	$	869,818,336
Municipal Bonds Transferred to Tender Option Bond Trusts		—			248,127,321		—		248,127,321
Short-Term Securities
Money Market Funds		4,714,650			—		—		4,714,650
	$	4,714,650		$	1,117,945,657	$	—	$	1,122,660,307
Derivative Financial Instruments(a)
Liabilities
Interest Rate Contracts	$	(685,682	)	$	—	$	—	$	(685,682)

^(a) Derivative financial instruments are futures contracts. Futures contracts are valued at the unrealized appreciation (depreciation) on the instrument.

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	$	—	$	(145,234,382	)	$	—	$	(145,234,382	)
VRDP Shares at Liquidation Value		—		(251,400,000)			—		(251,400,000	)
	$	—	$	(396,634,382	)	$	—	$	(396,634,382	)

Portfolio Abbreviation
AGC	Assured Guaranty Corp.
AGM	Assured Guaranty Municipal Corp.
AMBAC	AMBAC Assurance Corp.
AMT	Alternative Minimum Tax
ARB	Airport Revenue Bonds
CAB	Capital Appreciation Bonds
COP	Certificates of Participation
FHA	Federal Housing Administration
GO	General Obligation Bonds
GTD	GTD Guaranteed
M/F	Multi-Family
RB	Revenue Bond
S/F	Single-Family
SAB	Special Assessment Bonds
SAW	State Aid Withholding
TA	Tax Allocation

8