NPORT-EX 2 NPORT_2767515472793400.htm EX-MYJ

Schedule of Investments  (unaudited) 

October 31, 2020

   

BlackRock MuniYield New Jersey Fund, Inc. (MYJ)

(Percentages shown are based on Net Assets)

 

Security   Par
(000)		      Value  

Municipal Bonds

 

Guam — 0.6%

 

Utilities — 0.6%  

Guam Government Waterworks Authority, RB, Series A, 5.00%, 01/01/50

   $     1,930      $ 2,303,397  
    

 

 

  
New Jersey — 118.6%             
Corporate — 3.4%             

New Jersey Economic Development Authority, RB

     

Series A, (NPFGC),
5.25%, 07/01/25(a)

     415        505,320  

Series A, AMT, 5.63%, 11/15/30

     1,730        1,776,364  

Series B, AMT, 5.63%, 11/15/30

     5,000        5,137,500  

New Jersey Economic Development Authority, Refunding RB

     

3.38%, 04/01/38

     1,810        1,877,133  

3.50%, 04/01/42

     1,355        1,404,810  

Series A, AMT, 2.20%, 10/01/39(b)

     2,130        2,244,509  
    

 

 

  
           12,945,636  
County/City/Special District/School District — 14.3%  

City of Bayonne New Jersey, Refunding GO

     

(BAM), 5.00%, 07/01/33

     1,565        1,870,535  

(BAM), 5.00%, 07/01/35

     2,425        2,886,962  

City of Margate City New Jersey, Refunding GO, 5.00%, 01/15/21(c)

     3,470        3,502,826  

County of Middlesex New Jersey, Refunding COP, 5.00%, 10/15/31

     2,840        3,397,890  

Essex County Improvement Authority, RB, (GTD), 4.00%, 11/01/49

     465        512,291  

Essex County Improvement Authority, Refunding RB

     

(GTD, NPFGC), 5.50%, 10/01/28

     4,540        6,119,557  

(GTD, NPFGC), 5.50%, 10/01/29

     8,505        11,703,305  

Ewing Township Board of Education, GO

     

4.00%, 07/15/38

     1,190        1,348,853  

4.00%, 07/15/39

     1,090        1,232,038  

Hudson County Improvement Authority, RB, 4.00%, 10/01/51

     700        807,639  

Mercer County Improvement Authority, RB, 5.00%, 09/01/40

     2,480        2,933,542  

Monmouth County Improvement Authority, RB

     

Series B, (GTD), 4.00%, 12/01/37

     500        594,660  

Series B, (GTD), 4.00%, 12/01/38

     510        605,013  

Monroe Township Board of Educationddlesex County, Refunding GO, 5.00%, 03/01/25(c)

     2,750        3,292,712  

New Jersey Economic Development Authority, RB, Series B, AMT, 6.50%, 04/01/31

     4,590        4,836,483  

New Jersey Economic Development Authority, Refunding SAB, 6.50%, 04/01/28

     4,750        5,182,345  

Union County Improvement Authority, RB, (GTD), 5.00%, 05/01/42

     2,320        2,456,323  

Union County Utilities Authority, Refunding RB, Series A, AMT, (GTD), 5.25%, 12/01/31

     670        702,864  
    

 

 

  
       53,985,838  
Education — 17.5%             

Atlantic County Improvement Authority, RB, Series A, (AGM), 4.00%, 07/01/46

     950        1,012,092  

New Jersey Economic Development Authority, RB

     

6.00%, 10/01/33

     4,675        5,143,482  

Series A, 5.00%, 07/01/27(d)

     330        350,734  

Series A, 5.13%, 11/01/29(d)

     150        161,864  

Series A, 5.25%, 07/01/37(d)

     1,030        1,079,584  
Security   Par
(000)		      Value  
Education (continued)             

New Jersey Economic Development Authority, RB (continued)

     

Series A, 5.00%, 07/01/38

   $   160      $ 174,840  

Series A, 6.25%, 11/01/38(d)

     440        492,580  

Series A, 5.00%, 07/01/47

     440        404,540  

Series A, 5.38%, 07/01/47(d)

     1,685        1,746,368  

Series A, 5.00%, 12/01/48

     4,475        4,992,937  

Series A, 5.00%, 06/15/49(d)

     970        1,025,969  

Series A, 5.00%, 07/01/50

     410        438,733  

Series A, 6.50%, 11/01/52(d)

     2,490        2,765,792  

Series A, 5.00%, 06/15/54(d)

     730        767,573  

Series A, 5.25%, 11/01/54(d)

     1,805        1,736,609  

New Jersey Economic Development Authority, Refunding RB (AGM), 5.00%, 06/01/37

     2,280        2,642,702  

Series A, 4.25%, 09/01/27(d)

     210        218,581  

Series A, 5.63%, 08/01/34(d)

     630        660,442  

Series A, 5.00%, 09/01/37(d)

     805        839,188  

Series A, 5.88%, 08/01/44(d)

     1,070        1,114,041  

Series A, 6.00%, 08/01/49(d)

     555        578,049  

Series A, 5.13%, 09/01/52(d)

     1,700        1,734,102  

New Jersey Educational Facilities Authority, RB

     

Series A, 5.00%, 07/01/45

     1,075        1,235,981  

Series C, (AGM), 3.25%, 07/01/49

     475        482,790  

Series C, (AGM), 4.00%, 07/01/50

     400        436,236  

New Jersey Educational Facilities Authority, Refunding RB

     

Series A, (BAM), 5.00%, 07/01/28

     915        1,094,203  

Series A, 5.00%, 07/01/44

       10,960        12,048,766  

Series A, 4.00%, 07/01/47

     955        979,037  

Series B, 5.00%, 07/01/42

     690        727,198  

Series D, 5.00%, 07/01/38

     500        538,745  

New Jersey Higher Education Student Assistance Authority, RB

     

Series 1A, AMT, 5.00%, 12/01/22

     915        993,022  

Sub-Series C, AMT, 4.00%, 12/01/48

     1,450        1,474,650  

New Jersey Higher Education Student Assistance Authority, Refunding RB

     

1st Series, AMT, 5.75%, 12/01/29

     2,585        2,683,644  

Sub-Series C, AMT, 3.63%, 12/01/49

     1,925        1,899,224  

New Jersey Institute of Technology, RB

     

Series A, 5.00%, 07/01/22(c)

     2,455        2,646,097  

Series A, 5.00%, 07/01/40

     3,000        3,427,260  

Series A, 5.00%, 07/01/45

     4,500        5,089,410  
    

 

 

  
           65,837,065  
Health — 8.8%             

Camden County Improvement Authority, Refunding RB, 5.00%, 02/15/34

     590        646,628  

New Jersey Economic Development Authority, Refunding RB

     

5.00%, 01/01/34

     555        601,614  

5.00%, 01/01/39

     555        593,362  

New Jersey Health Care Facilities Financing Authority, RB

     

5.00%, 07/01/42

     1,685        1,973,843  

4.00%, 07/01/44

     2,755        3,079,043  

Series A, 5.50%, 07/01/43

     2,400        2,643,792  

New Jersey Health Care Facilities Financing Authority, Refunding RB

     

6.00%, 07/01/21(c)

     4,090        4,244,684  

5.00%, 07/01/34

     860        1,021,654  
 

 

 

     1  

Schedule of Investments  (unaudited) (continued)

October 31, 2020

   

BlackRock MuniYield New Jersey Fund, Inc. (MYJ)

(Percentages shown are based on Net Assets)

 

Security   Par
(000)		      Value  
Health (continued)             

New Jersey Health Care Facilities Financing Authority, Refunding RB (continued)

     

5.00%, 07/01/39

   $ 2,530      $ 2,962,099  

4.00%, 07/01/41

     1,400        1,539,146  

Series A, 5.63%, 07/01/21(c)

     6,990        7,235,805  

Series A, 6.00%, 07/01/21(c)

     900        934,020  

Series A, 4.00%, 07/01/43

     1,635        1,761,827  

Series A, 5.00%, 07/01/43

     3,305        3,783,663  
    

 

 

  
           33,021,180  
Hotels, Restaurants & Leisure — 0.0%  

Middlesex County Improvement Authority, RB, Series B, 6.25%, 01/01/37(e)(f)

     2,350        47,000  
    

 

 

  
Housing — 2.5%             

New Jersey Housing & Mortgage Finance Agency, Refunding RB, M/F Housing

     

Series A, 4.00%, 11/01/48

     305        326,658  

Series A, 4.10%, 11/01/53

     180        192,287  

Series D, AMT, 4.25%, 11/01/37

     1,260        1,360,309  

New Jersey Housing & Mortgage Finance Agency, Refunding RB, S/F Housing

     

Series A, 3.75%, 10/01/35

     2,630        2,924,954  

Series E, 2.25%, 10/01/40

     1,365        1,317,430  

Series E, 2.40%, 10/01/45

     1,050        1,015,234  

Newark Housing Authority Scholarship Foundation A New Jersey Non, RB, M/F Housing, Series A, 5.00%, 12/01/30

     2,000        2,250,760  
    

 

 

  
       9,387,632  
State — 35.8%             

Casino Reinvestment Development Authority, Inc., Refunding RB

     

5.25%, 11/01/39

     2,280        2,332,577  

5.25%, 11/01/44

       12,000        12,200,640  

Garden State Preservation Trust, RB, CAB(g)

     

Series B, (AGM), 0.00%, 11/01/23

     1,460        1,417,499  

Series B, (AGM), 0.00%, 11/01/26

     6,000        5,490,660  

Series B, (AGM), 0.00%, 11/01/27

     4,000        3,564,840  

Series B, (AGM), 0.00%, 11/01/28

     4,540        3,909,258  

New Jersey Economic Development Authority, RB

     

4.00%, 06/15/49

     2,380        2,447,497  

Series A, (NPFGC), 5.25%, 07/01/25

     3,450        3,958,013  

Series B, 5.00%, 06/15/35

     3,750        4,282,837  

Series B, 5.00%, 06/15/43

     2,235        2,508,095  

Series EEE, 5.00%, 06/15/43

     4,450        4,993,745  

New Jersey Economic Development Authority, Refunding RB

     

(AGM), 5.00%, 06/15/22

     3,690        3,883,946  

5.00%, 06/15/26

     1,250        1,306,513  

5.00%, 06/15/28

     975        1,016,096  

5.00%, 06/15/29

     2,260        2,351,937  

4.00%, 07/01/46

     2,255        2,523,232  

Series GG, 5.25%, 09/01/27

     4,295        4,358,008  

Sub-Series A, 5.00%, 07/01/33

     1,175        1,300,690  

Sub-Series A, 4.00%, 07/01/34

     1,270        1,314,793  

New Jersey Educational Facilities Authority, RB, Series A, 5.00%, 09/01/32

     4,000        4,358,880  

New Jersey Transportation Trust Fund Authority, RB

     

Series A, 5.00%, 06/15/42

     6,885        7,120,260  

Series AA, 5.00%, 06/15/38

     9,490        10,142,343  

Series AA, 5.50%, 06/15/39

     8,205        8,812,252  

Series AA, 5.25%, 06/15/41

     5,000        5,444,650  
Security   Par
(000)		      Value  
State (continued)             

New Jersey Transportation Trust Fund Authority, RB (continued)

     

Series B, 5.00%, 06/15/33

   $ 1,110      $ 1,274,802  

Series B, 5.25%, 06/15/36

     8,500        8,697,795  

Series BB, 4.00%, 06/15/50

     2,690        2,757,654  

New Jersey Transportation Trust Fund Authority, RB, CAB(g)

     

Series C, (AGM), 0.00%, 12/15/32

     5,250        3,745,665  

Series C, (AMBAC), 0.00%, 12/15/35

     4,140        2,430,553  

New Jersey Transportation Trust Fund Authority, Refunding RB

     

4.00%, 12/15/39

     1,000        1,053,380  

Series A, 5.00%, 12/15/32

     3,530        4,064,371  

Series A, 5.00%, 12/15/35

     905        1,032,315  

Series A, 5.00%, 12/15/36

     500        568,785  

South Jersey Port Corp., ARB, Series B, AMT, 5.00%, 01/01/48

     7,620        8,113,547  
    

 

 

  
       134,778,128  
Tobacco — 6.9%             

Tobacco Settlement Financing Corp., Refunding RB

     

Series A, 5.00%, 06/01/46

     7,000        8,065,190  

Series A, 5.25%, 06/01/46

     1,595        1,865,464  

Sub-Series B, 5.00%, 06/01/46

     14,375        16,231,531  
    

 

 

  
           26,162,185  
Transportation — 25.9%             

New Jersey Economic Development Authority, RB

     

AMT, (AGM), 5.00%, 01/01/31

     1,000        1,103,580  

AMT, 5.38%, 01/01/43

       15,780        17,366,995  

New Jersey Economic Development Authority, Refunding ARB, AMT, 5.00%, 10/01/37

     2,750        2,942,940  

New Jersey Transportation Trust Fund Authority, RB

     

Series A, 5.50%, 06/15/21(c)

     8,330        8,594,727  

Series A, 6.00%, 06/15/21(c)

     11,440        11,844,518  

Series A, 5.00%, 06/15/30

     2,000        2,290,260  

New Jersey Transportation Trust Fund Authority, Refunding RB, Series A, 5.00%, 06/15/31

     5,540        6,306,681  

New Jersey Turnpike Authority, RB

     

Series A, 5.00%, 07/01/22(c)

     7,015        7,560,988  

Series A, 5.00%, 01/01/35

     1,060        1,261,464  

Series A, 4.00%, 01/01/48

     2,000        2,229,600  

Series E, 5.00%, 01/01/45

     720        810,245  

New Jersey Turnpike Authority, Refunding RB

     

Series A, 5.00%, 01/01/22(c)

     1,000        1,054,600  

Series B, 5.00%, 01/01/34

     1,150        1,399,009  

Series G, 4.00%, 01/01/43

     1,445        1,600,020  

Port Authority of New York & New Jersey, ARB

     

Consolidated, 93rd Series, 6.13%, 06/01/94

     5,000        5,817,050  

Consolidated, 218th Series, AMT, 4.00%, 11/01/34

     3,285        3,730,807  

Consolidated, 218th Series, AMT, 4.00%, 11/01/47

     4,970        5,452,388  

Consolidated, 221st Series, AMT, 4.00%, 07/15/45

     2,165        2,392,412  

Port Authority of New York & New Jersey, Refunding ARB

     

Consolidated, 166th Series, 5.25%, 07/15/36

     8,500        8,574,970  

Consolidated, 172nd Series, AMT, 5.00%, 10/01/34

     2,500        2,635,450  

Consolidated, 206th Series, AMT, 5.00%, 11/15/47

     1,525        1,763,556  

South Jersey Transportation Authority, RB, Series A, 5.00%, 11/01/45

     575        677,476  
    

 

 

  
       97,409,736  
Utilities — 3.5%             

Passaic Valley Sewerage Commission, Refunding RB Series J, (AGM),

     

3.00%, 12/01/40

     920        980,444  
 

 

 

2   

Schedule of Investments  (unaudited) (continued)

October 31, 2020

   

BlackRock MuniYield New Jersey Fund, Inc. (MYJ)

(Percentages shown are based on Net Assets)

 

Security   Par
(000)		      Value  
Utilities (continued)             

Passaic Valley Sewerage Commission, Refunding RB (continued)

     

Series J, (AGM), 3.00%, 12/01/41

   $ 940      $ 998,242  

Series J, (AGM), 3.00%, 12/01/42

     965        1,021,511  

Series J, (AGM), 3.00%, 12/01/43

     985        1,039,155  

Series J, (AGM), 3.00%, 12/01/44

     1,005        1,056,868  

Series J, (AGM), 3.00%, 12/01/45

     1,030        1,081,026  

Rahway Valley Sewerage Authority, RB, CAB(g)

     

Series A, (NPFGC), 0.00%, 09/01/31

     6,000        4,945,500  

Series A, (NPFGC), 0.00%, 09/01/33

     2,650        2,049,696  
    

 

 

  
       13,172,442  
    

 

 

  

Total Municipal Bonds in New Jersey

 

        446,746,842  

New York — 5.2%

 

Transportation — 5.2%             

Port Authority of New York & New Jersey, ARB

     

6.00%, 12/01/42

     4,580        4,593,282  

Series 6, AMT, (NPFGC), 5.75%, 12/01/22

     3,800        3,809,234  

Port Authority of New York & New Jersey, Refunding ARB

     

Consolidated, 169th Series, AMT, 5.00%, 10/15/41

     250        258,263  

Consolidated, 206th Series, AMT, 5.00%, 11/15/42

     1,365        1,584,465  

Port Authority of New York & New Jersey, Refunding RB

     

Consolidated, 200th Series, 5.00%, 09/01/36

     2,495        3,080,402  

Consolidated, 212th Series, 4.00%, 09/01/37

     5,635        6,425,421  
    

 

 

  

Total Municipal Bonds in New York

 

      19,751,067  

Pennsylvania — 1.2%

 

Transportation — 1.2%  

Delaware River Port Authority, RB, 5.00%, 01/01/40

     4,000        4,414,040  
    

 

 

  

Puerto Rico — 6.4%

 

State — 4.4%  

Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue, RB

     

Series A-1, Restructured, 4.75%, 07/01/53

         2,225        2,332,556  

Series A-1, Restructured, 5.00%, 07/01/58

     9,254        9,841,999  

Series A-2, Restructured, 4.33%, 07/01/40

     1,131        1,164,172  

Series A-2, Restructured, 4.78%, 07/01/58

     2,028        2,129,177  

Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue, RB, CAB, Series A-1, Restructured, 0.00%, 07/01/46(g)

     4,385        1,260,951  
    

 

 

  
       16,728,855  
Tobacco — 0.4%             

Children’s Trust Fund, Refunding RB

     

5.50%, 05/15/39

     760        775,055  

5.63%, 05/15/43

     790        797,600  
    

 

 

  
       1,572,655  
Utilities — 1.6%             

Puerto Rico Commonwealth Aqueduct & Sewer Authority, RB

     

Series A, Senior Lien, 5.00%, 07/01/33

     2,995        3,039,955  
Security   Par
(000)		      Value  
Utilities (continued)             

Puerto Rico Commonwealth Aqueduct & Sewer Authority, RB (continued)

     

Series A, Senior Lien, 5.13%, 07/01/37

   $ 855      $ 867,979  

Puerto Rico Commonwealth Aqueduct & Sewer Authority, Refunding RB, Series A, Senior Lien, 6.00%, 07/01/38

     1,980        1,983,386  
    

 

 

  
       5,891,320  
    

 

 

  

Total Municipal Bonds in Puerto Rico

 

      24,192,830  
    

 

 

  

Total Municipal Bonds — 132.0%
(Cost: $466,862,830)

 

        497,408,176  
    

 

 

  

Municipal Bonds Transferred to Tender Option Bond Trusts(h)

 

New Jersey — 26.0%

 

Corporate(i) — 5.1%  

New Jersey Economic Development Authority, Refunding RB

     

AMT, 3.00%, 08/01/41

     7,879        7,960,096  

AMT, 3.00%, 08/01/43

     11,331        11,448,228  
    

 

 

  
       19,408,324  
County/City/Special District/School District — 8.3%  

Hudson County Improvement Authority, RB, 5.25%, 05/01/51

     2,560        2,996,403  

Union County Utilities Authority, Refunding RB

     

Series A, 5.00%, 06/15/41

     6,981        7,158,538  

Series A, AMT, 5.25%, 12/01/31

       20,310        21,306,205  
    

 

 

  
       31,461,146  
Education — 3.0%             

Rutgers The State University of New Jersey, Refunding RB, Series L, 5.00%, 05/01/23(c)

     10,000        11,163,900  
    

 

 

  
Health — 1.6%             

New Jersey Health Care Facilities Financing Authority, RB, 4.00%, 07/01/47

     5,555        6,052,394  
    

 

 

  
State — 4.1%             

Garden State Preservation Trust, RB, Series A, 5.75%, 11/01/28

     5,460        6,836,247  

New Jersey Economic Development Authority, Refunding RB, Series NN, 5.00%, 03/01/29(i)

     8,017        8,545,697  
    

 

 

  
       15,381,944  
Transportation — 3.9%             

New Jersey Turnpike Authority, RB, Series A, 5.00%, 07/01/22(c)(i)

     13,520        14,572,262  
    

 

 

  

Total Municipal Bonds in New Jersey

 

      98,039,970  
 

 

 

     3  

Schedule of Investments  (unaudited) (continued)

October 31, 2020

   

BlackRock MuniYield New Jersey Fund, Inc. (MYJ)

(Percentages shown are based on Net Assets)

 

Security   Par
(000)		      Value  

New York — 4.5%

 

Transportation — 4.5%             

Port Authority of New York & New Jersey, Refunding ARB, AMT, Consolidated, 169th Series, 5.00%, 10/15/41

   $ 16,255      $ 16,791,921  
    

 

 

  

Total Municipal Bonds Transferred to Tender Option Bond Trusts — 30.5%
(Cost: $109,527,700)

 

      114,831,891  
    

 

 

  

Total Long-Term Investments — 162.5%
(Cost: $576,390,530)

 

      612,240,067  
    

 

 

  
     Shares          
Short-Term Securities  
Money Market Funds — 0.1%             

BlackRock Liquidity Funds, MuniCash, Institutional Class, 0.01%(j)(k)

     541,437        541,491  
    

 

 

  

Total Short-Term Securities — 0.1%
(Cost: $541,545)

 

      541,491  
    

 

 

  

Total Investments — 162.6%
(Cost: $576,932,075)

 

      612,781,558  

Other Assets Less Liabilities — 1.9%

 

      7,065,570  

Liability for TOB Trust Certificates, Including Interest Expense and Fees Payable — (16.8)%

 

      (63,387,052 ) 

VRDP Shares at Liquidation Value, Net of Deferred Offering Costs — (47.7)%

 

      (179,697,738 ) 
    

 

 

  

Net Assets Applicable to Common Shares — 100.0%

 

    $ 376,762,338  
    

 

 

  

 

(a) 

Security is collateralized by municipal bonds or U.S. Treasury obligations.

(b) 

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.

(c) 

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.

(d) 

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.

(e) 

Issuer filed for bankruptcy and/or is in default.

(f) 

Non-income producing security.

(g) 

Zero-coupon bond.

(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 January 1, 2022 to February 1, 2037, is $25,936,359.

(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 October 31, 2020 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

 

Affiliated Issuer    Value at
07/31/20		      Purchases
at Cost		      Proceeds
from Sales		      Net
Realized
Gain (Loss)		      Change in
Unrealized
Appreciation
(Depreciation)		      Value at
10/31/20		      Shares
Held at
10/31/20		      Income      Capital Gain
Distributions
from
Underlying
Funds		  

BlackRock Liquidity Funds, MuniCash, Institutional Class

    $ 4,006,566      $ —      $ (3,464,880 )(a)     $ 2,186      $ (2,381 )     $ 541,491        541,437      $ 64      $ —  
           

 

 

     

 

 

     

 

 

        

 

 

     

 

 

  

 

  (a) 

Represents net amount purchased (sold).

 

For Fund compliance purposes, the Fund’s sector classifications refer to one or more of the sector sub-classifications used by one or more widely recognized market indexes or rating group indexes, and/or as defined by the investment adviser. These definitions may not apply for purposes of this report, which may combine such sector sub-classifications for reporting ease.

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

      129        12/21/20      $ 17,830      $ 98,587  

U.S. Long Treasury Bond

      39        12/21/20        6,726        82,977  
           

 

 

  
            $ 181,564  
           

 

 

  

 

 

4   

Schedule of Investments  (unaudited) (continued)

October 31, 2020

   

BlackRock MuniYield New Jersey Fund, Inc. (MYJ)

 

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)

 

  •  

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 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 tables summarize the Fund’s investments and derivative financial instruments categorized in the disclosure hierarchy. The breakdown of the Fund’s investments 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

    $ —        $ 497,408,176        $             —        $ 497,408,176  

Municipal Bonds Transferred to Tender Option Bond Trusts

      —          114,831,891          —          114,831,891  

Short-Term Securities

                  

Money Market Funds

      541,491          —          —          541,491  
  

 

 

       

 

 

       

 

 

       

 

 

  
   $ 541,491        $ 612,240,067        $ —        $ 612,781,558  
  

 

 

       

 

 

       

 

 

       

 

 

  

Derivative Financial Instruments(a)

                  

Assets

                  

Interest Rate Contracts

    $ 181,564        $ —        $ —        $ 181,564  
  

 

 

       

 

 

       

 

 

       

 

 

  

 

  (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 disclosure hierarchy as follows:

 

      Level 1        Level 2        Level 3        Total  

Liabilities

 

TOB Trust Certificates

    $         —        $ (63,367,567 )       $             —        $ (63,367,567 ) 

VRDP Shares at Liquidation Value

      —          (180,000,000 )         —          (180,000,000 ) 
  

 

 

       

 

 

       

 

 

       

 

 

  
   $ —        $ (243,367,567 )       $ —        $ (243,367,567 ) 
  

 

 

       

 

 

       

 

 

       

 

 

  

 

Portfolio Abbreviation
AGM    Assured Guaranty Municipal Corp.
AMBAC    AMBAC Assurance Corp.
AMT    Alternative Minimum Tax
ARB    Airport Revenue Bonds
BAM    Build America Mutual Assurance Co.
CAB    Capital Appreciation Bonds
COP    Certificates of Participation
Portfolio Abbreviation (continued)
GO    General Obligation Bonds
GTD    GTD Guaranteed
M/F    Multi-Family
NPFGC    National Public Finance Guarantee Corp.
RB    Revenue Bond
S/F    Single-Family
SAB    Special Assessment Bonds
 

 

 

     5