UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-Q
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY
Investment Company Act file number 811-06540
Name of Fund: BlackRock MuniYield Insured Fund, Inc. (MYI)
Fund Address: 100 Bellevue Parkway, Wilmington, DE 19809
Name and address of agent for service: Donald C. Burke, Chief Executive Officer, BlackRock MuniYield Insured Fund, Inc., 800 Scudders Mill Road, Plainsboro, NJ, 08536. Mailing address: P.O. Box 9011, Princeton, NJ, 08543-9011
Registrant’s telephone number, including area code: (800) 882-0052, Option 4
Date of fiscal year end: 07/31/2009
Date of reporting period: 04/30/2009
Item 1 – Schedule of Investments
|
|
BlackRock MuniYield Insured Fund, Inc. |
|
|
|
Schedule of Investments April 30, 2009 (Unaudited) |
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||
State |
|
Municipal Bonds |
|
Par |
|
Value |
|
||
|
|
|
|
|
|
|
|
||
Alabama - 0.5% |
|
Alabama Special Care Facilities Financing Authority of Mobile, Revenue Refunding Bonds (Ascension Health Credit), Series D, 5%, 11/15/39 (a) |
|
$ |
4,150 |
|
$ |
3,978,854 |
|
|
|
|
|
|
|
|
|
|
|
Alaska - 0.5% |
|
Alaska Energy Authority, Power Revenue Refunding Bonds (Bradley Lake), Fourth Series, 6%, 7/01/18 (b) |
|
|
3,495 |
|
|
3,861,556 |
|
|
|
|
|
|
|
|
|
|
|
Arizona - 2.3% |
|
Downtown Phoenix Hotel Corporation, Arizona, Revenue Bonds, Senior Series A, 5%, 7/01/36 (c) |
|
|
21,355 |
|
|
14,024,256 |
|
|
|
Maricopa County and Phoenix, Arizona, IDA, S/F Mortgage Revenue Bonds, AMT, Series A-2, 5.80%, 7/01/40 (d)(e)(f) |
|
|
4,970 |
|
|
5,078,793 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
19,103,049 |
|
|
|
|
|
|
|
|
|
|
|
California - 16.7% |
|
Alameda Corridor Transportation Authority, California, Capital Appreciation Revenue Refunding Bonds, Subordinate Lien, Series A, 5.473%, 10/01/24 (g)(h)(i) |
|
|
10,000 |
|
|
7,432,100 |
|
|
|
Antioch, California, Public Finance Authority, Lease Revenue Refunding Bonds (Municipal Facilities Project), Series A, 5.50%, 1/01/32 (a) |
|
|
5,000 |
|
|
5,016,150 |
|
|
|
California HFA, Home Mortgage Revenue Bonds, AMT, Series K, 5.50%, 2/01/42 |
|
|
7,880 |
|
|
7,700,336 |
|
|
|
California State, GO, 5.50%, 4/01/30 (a) |
|
|
10 |
|
|
10,021 |
|
|
|
California State Public Works Board, Lease Revenue Bonds (Department of Corrections), Series C, 5.25%, 6/01/28 |
|
|
5,400 |
|
|
5,035,986 |
|
|
|
California State University, Revenue Refunding Bonds, DRIVERS, Series 2646Z, 8.654%, 5/01/15 (b)(j) |
|
|
3 |
|
|
2,360 |
|
|
|
California Statewide Communities Development Authority Revenue Bonds (Saint Joseph Home Care), Series E, 5.25%, 7/01/47 (b) |
|
|
11,800 |
|
|
11,220,502 |
|
|
|
California Statewide Communities Development Authority Revenue Bonds (Sutter Health), Series D, 5.05%, 8/15/38 (b) |
|
|
7,200 |
|
|
6,760,368 |
|
|
|
Fairfield-Suisun, California, Unified School District, GO (Election of 2002), 5.50%, 8/01/28 (a) |
|
|
5,800 |
|
|
5,942,796 |
|
|
|
Los Angeles, California, Community College District, GO, Refunding (Election of 2008), Series A, 6%, 8/01/33 |
|
|
5,250 |
|
|
5,610,150 |
|
|
|
Los Angeles, California, Municipal Improvement Corporation, Lease Revenue Bonds, Series B1, 4.75%, 8/01/37 (a)(c) |
|
|
15,000 |
|
|
13,838,550 |
|
|
|
Mendocino-Lake Community College District, California, GO (Election of 2006), Series A, 5%, 8/01/31 (a) |
|
|
1,485 |
|
|
1,417,729 |
|
|
|
Oceanside, California, Unified School District, GO, Series A, 5.25%, 8/01/33 (c) |
|
|
2,500 |
|
|
2,507,050 |
|
|
|
Port of Oakland, California, Revenue Bonds, AMT, Series K, 5.75%, 11/01/29 (a)(k) |
|
|
3,645 |
|
|
3,276,928 |
|
|
|
Portfolio Abbreviations |
|
To simplify the listings of portfolio holdings in the Schedule of Investments the names and descriptions of many of the securities have been abbreviated according to the list below.
|
|
AMT |
Alternative Minimum Tax (subject to) |
CABS |
Capital Appreciation Bonds |
COP |
Certificates of Participation |
DRIVERS |
Derivative Inverse Tax-Exempt Receipts |
EDA |
Economic Development Authority |
GAN |
Grant Anticipation Notes |
GO |
General Obligation Bonds |
HDA |
Housing Development Authority |
HFA |
Housing Finance Agency |
IDA |
Industrial Development Authority |
IDR |
Industrial Development Revenue Bonds |
M/F |
Multi-Family |
PCR |
Pollution Control Revenue Bonds |
S/F |
Single-Family |
VRDN |
Variable Rate Demand Notes |
1
|
|
BlackRock MuniYield Insured Fund, Inc. |
|
|
|
Schedule of Investments April 30, 2009 (Unaudited) |
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||
State |
|
Municipal Bonds |
|
Par |
|
Value |
|
||
|
|
|
|
|
|
|
|
||
|
|
Port of Oakland, California, Revenue Refunding Bonds, AMT, Series L, 5.375%, 11/01/27 (a)(c) |
|
$ |
8,465 |
|
$ |
7,407,298 |
|
|
|
Redding, California, Electric System, COP, Series A, 5%, 6/01/30 (b) |
|
|
1,900 |
|
|
1,861,126 |
|
|
|
Riverside County, California, Public Financing Authority, Tax Allocation Revenue Bonds (Redevelopment Projects), 5%, 10/01/35 (l) |
|
|
10,000 |
|
|
7,865,900 |
|
|
|
Sacramento County, California, Airport System Revenue Bonds, AMT, Senior Series A, 5%, 7/01/41 (b) |
|
|
18,000 |
|
|
16,724,520 |
|
|
|
San Diego, California, Community College District, GO (Election of 2002), 5.25%, 8/01/33 |
|
|
1,050 |
|
|
1,059,860 |
|
|
|
San Jose, California, Airport Revenue Refunding Bonds, AMT, Series A, 5.50%, 3/01/32 (g) |
|
|
11,965 |
|
|
10,934,455 |
|
|
|
San Mateo, California, Union High School District, COP (Phase One Projects), Series B, 4.712%, 12/15/43 (g)(h) |
|
|
3,250 |
|
|
1,445,925 |
|
|
|
Stockton, California, Public Financing Authority, Lease Revenue Bonds (Parking & Capital Projects), 5.25%, 9/01/34 (a)(c) |
|
|
8,310 |
|
|
7,403,961 |
|
|
|
University of California Revenue Bonds, Series O, 5.75%, 5/15/34 |
|
|
2,200 |
|
|
2,305,952 |
|
|
|
West Valley Mission Community College District, California, GO (Election of 2004), Series A, 5%, 8/01/30 (b) |
|
|
3,600 |
|
|
3,567,168 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
136,347,191 |
|
|
|
|
|
|
|
|
|
|
|
Colorado - 0.8% |
|
Colorado Health Facilities Authority, Revenue Refunding Bonds (Poudre Valley Health Care), Series C, 5.25%, 3/01/40 (b) |
|
|
6,600 |
|
|
6,175,026 |
|
|
|
|
|
|
|
|
|
|
|
District of Columbia - 1.4% |
|
District of Columbia, Income Tax Revenue Bonds, Series A, 5.50%, 12/01/30 |
|
|
2,600 |
|
|
2,753,998 |
|
|
|
Metropolitan Washington Airports Authority, D.C., Airport System Revenue Bonds, AMT, Series B, 5%, 10/01/32 (g) |
|
|
10,000 |
|
|
8,958,200 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
11,712,198 |
|
|
|
|
|
|
|
|
|
|
|
Florida - 14.2% |
|
Broward County, Florida, School Board, COP, Series A, 5.25%, 7/01/33 (b) |
|
|
15,000 |
|
|
14,677,350 |
|
|
|
Broward County, Florida, Water and Sewer Utility Revenue Bonds, Series A, 5.25%, 10/01/34 |
|
|
2,250 |
|
|
2,248,335 |
|
|
|
Miami-Dade County, Florida, Aviation Revenue Refunding Bonds (Miami International Airport), AMT, 5.375%, 10/01/25 (a)(c) |
|
|
10,650 |
|
|
10,141,782 |
|
|
|
Miami-Dade County, Florida, Aviation Revenue Refunding Bonds (Miami International Airport), AMT, 5.375%, 10/01/27 (a)(c) |
|
|
1,000 |
|
|
930,840 |
|
|
|
Miami-Dade County, Florida, Aviation Revenue Refunding Bonds (Miami International Airport), AMT, 5%, 10/01/40 (l)(k) |
|
|
15,000 |
|
|
12,934,650 |
|
|
|
Miami-Dade County, Florida, Aviation Revenue Refunding Bonds (Miami International Airport), AMT, Series A, 5%, 10/01/35 (l)(k) |
|
|
10,000 |
|
|
8,778,200 |
|
|
|
Miami-Dade County, Florida, Aviation Revenue Refunding Bonds (Miami International Airport), AMT, Series A, 5.50%, 10/01/41 (b) |
|
|
15,000 |
|
|
13,967,400 |
|
|
|
Miami-Dade County, Florida, GO (Building Better Communities Program), Series B, 6.375%, 7/01/28 |
|
|
6,000 |
|
|
6,656,280 |
|
|
|
Miami-Dade County, Florida, GO (Building Better Communities Program), Series B-1, 5.75%, 7/01/33 |
|
|
3,700 |
|
|
3,762,937 |
|
|
|
Miami-Dade County, Florida, School Board, COP, Refunding, Series B, 5.25%, 5/01/31 (k) |
|
|
4,125 |
|
|
4,119,637 |
|
2
|
|
BlackRock MuniYield Insured Fund, Inc. |
|
|
|
Schedule of Investments April 30, 2009 (Unaudited) |
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||
State |
|
Municipal Bonds |
|
Par |
|
Value |
|
||
|
|
|
|
|
|
|
|
||
|
|
Miami-Dade County, Florida, Water and Sewer Revenue Refunding Bonds, Series C, 6%, 10/01/23 (m) |
|
$ |
20,095 |
|
$ |
22,634,405 |
|
|
|
Orlando, Florida, Senior Tourist Development Tax Revenue Bonds (6th Cent Contract Payments), Series A, 5.25%, 11/01/38 (k) |
|
|
15,000 |
|
|
15,112,500 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
115,964,316 |
|
|
|
|
|
|
|
|
|
|
|
Georgia - 2.0% |
|
Atlanta, Georgia, Airport General Revenue Refunding Bonds, Series B, 5.25%, 1/01/33 (b) |
|
|
12,500 |
|
|
12,583,375 |
|
|
|
Main Street Natural Gas, Inc., Georgia, Gas Project Revenue Bonds, Series A, 6.25%, 7/15/33 (n)(o) |
|
|
9,335 |
|
|
3,477,381 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
16,060,756 |
|
|
|
|
|
|
|
|
|
|
|
Hawaii - 0.3% |
|
Hawaii State, GO, Series CX, 5.50%, 2/01/21 (b) |
|
|
2,000 |
|
|
2,119,640 |
|
|
|
|
|
|
|
|
|
|
|
Illinois - 15.9% |
|
Chicago, Illinois, GO, Refunding, Series A, 5.25%, 1/01/24 (k) |
|
|
11,000 |
|
|
11,521,730 |
|
|
|
Chicago, Illinois, OHare International Airport, General Airport Revenue Bonds, Third Lien, AMT, Series B-2, 5.25%, 1/01/27 (a) |
|
|
16,685 |
|
|
15,179,512 |
|
|
|
Chicago, Illinois, OHare International Airport, General Airport Revenue Bonds, Third Lien, AMT, Series B-2, 6%, 1/01/27 (a) |
|
|
26,230 |
|
|
25,973,995 |
|
|
|
Chicago, Illinois, OHare International Airport Revenue Refunding Bonds, Third Lien, AMT, Series C-2, 5.25%, 1/01/30 (b) |
|
|
16,400 |
|
|
15,395,500 |
|
|
|
Illinois Health Facilities Authority Revenue Bonds (Delnor Hospital), Series B, 5.25%, 5/15/32 (b) |
|
|
6,150 |
|
|
5,880,753 |
|
|
|
Illinois Health Facilities Authority Revenue Bonds (Delnor Hospital), Series D, 5.25%, 5/15/32 (b) |
|
|
10,000 |
|
|
9,562,200 |
|
|
|
Illinois Municipal Electric Agency, Power Supply Revenue Bonds, Series A, 5%, 2/01/35 (a)(c) |
|
|
25,000 |
|
|
23,984,750 |
|
|
|
Illinois Municipal Electric Agency, Power Supply Revenue Bonds, Series A, 5.25%, 2/01/35 (a)(c) |
|
|
15,000 |
|
|
14,914,800 |
|
|
|
Northern Illinois Municipal Power Agency, Power Project Revenue Refunding Bonds (Prairie State Project), Series A, 5%, 1/01/37 (a) |
|
|
5,900 |
|
|
5,627,715 |
|
|
|
Regional Transportation Authority, Illinois, Revenue Bonds, Series C, 7.75%, 6/01/20 (a)(c) |
|
|
1,000 |
|
|
1,282,090 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
129,323,045 |
|
|
|
|
|
|
|
|
|
|
|
Indiana - 1.0% |
|
Indiana Health Facilities Financing Authority, Hospital Revenue Bonds (Deaconess Hospital Obligated Group), Series A, 5.375%, 3/01/34 (g) |
|
|
2,150 |
|
|
1,791,552 |
|
|
|
Indiana Municipal Power Agency, Power Supply System Revenue Bonds, Series B, 5.75%, 1/01/34 |
|
|
1,050 |
|
|
1,055,449 |
|
|
|
Indianapolis, Indiana, Gas Utility Revenue Refunding Bonds, Second Lien, Series B, 5.25%, 8/15/27 (k) |
|
|
5,000 |
|
|
5,114,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7,961,001 |
|
|
|
|
|
|
|
|
|
|
|
Kentucky - 3.0% |
|
Kentucky State Property and Buildings Commission, Revenue Refunding Bonds (Project Number 93), 5.25%, 2/01/27 (k) |
|
|
6,000 |
|
|
6,255,360 |
|
|
|
Kentucky State Property and Buildings Commission, Revenue Refunding Bonds (Project Number 93), 5.25%, 2/01/28 (k) |
|
|
4,000 |
|
|
4,138,560 |
|
|
|
Louisville and Jefferson Counties, Kentucky, Metropolitan Sewer District, Sewer and Drain System Revenue Bonds, Series A, 5.25%, 5/15/37 (a)(c) |
|
|
13,695 |
|
|
13,814,968 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
24,208,888 |
|
|
|
|
|
|
|
|
|
|
|
3
|
|
BlackRock MuniYield Insured Fund, Inc. |
|
|
|
Schedule of Investments April 30, 2009 (Unaudited) |
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||
State |
|
Municipal Bonds |
|
Par |
|
Value |
|
||
|
|
|
|
|
|
|
|
||
Louisiana - 4.6% |
|
East Baton Rouge, Louisiana, Sewerage Commission, Revenue Refunding Bonds, Series A, 5.25%, 2/01/39 |
|
$ |
700 |
|
$ |
680,141 |
|
|
|
Louisiana Local Government Environmental Facilities and Community Development Authority, Revenue Bonds (Capital Projects and Equipment Acquisition Program), Series A, 6.30%, 7/01/30 (g) |
|
|
3,750 |
|
|
3,385,650 |
|
|
|
Louisiana Public Facilities Authority, Mortgage Revenue Refunding Bonds (Baton Rouge General Medical Center Project), 5.25%, 7/01/33 (a)(p) |
|
|
11,000 |
|
|
10,807,060 |
|
|
|
Louisiana State Gas and Fuels Tax Revenue Bonds, Series A, 5%, 5/01/36 (b) |
|
|
10,000 |
|
|
10,023,400 |
|
|
|
New Orleans, Louisiana, Aviation Board Revenue Bonds, AMT, Series A, 5.25%, 1/01/32 (b) |
|
|
14,030 |
|
|
12,863,967 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
37,760,218 |
|
|
|
|
|
|
|
|
|
|
|
Massachusetts - 5.8% |
|
Boston, Massachusetts, Housing Authority, Capital Program Revenue Bonds, 5%, 4/01/23 (b) |
|
|
1,570 |
|
|
1,653,383 |
|
|
|
Massachusetts State, HFA, Housing Development Revenue Refunding Bonds, Series B, 5.40%, 12/01/28 (a) |
|
|
2,500 |
|
|
2,259,100 |
|
|
|
Massachusetts State, HFA, M/F Housing Revenue Bonds, Series B, 7%, 12/01/38 |
|
|
3,440 |
|
|
3,732,159 |
|
|
|
Massachusetts State, HFA, Rental Housing Mortgage Revenue Bonds, AMT, Series A, 5.15%, 7/01/26 (b) |
|
|
11,910 |
|
|
12,373,418 |
|
|
|
Massachusetts State, HFA, S/F Housing Revenue Bonds, AMT, Series 128, 4.875%, 12/01/38 (b) |
|
|
12,860 |
|
|
11,264,846 |
|
|
|
Massachusetts State Port Authority, Special Facilities Revenue Refunding Bonds (BOSFUEL Project), AMT, 5%, 7/01/38 (a)(c) |
|
|
19,655 |
|
|
16,082,507 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
47,365,413 |
|
|
|
|
|
|
|
|
|
|
|
Michigan - 7.1% |
|
Detroit, Michigan, Water Supply System Revenue Bonds, Second Lien, Series B, 6.25%, 7/01/36 (b) |
|
|
1,075 |
|
|
1,121,741 |
|
|
|
Detroit, Michigan, Water Supply System Revenue Bonds, Second Lien, Series B, 7%, 7/01/36 (b) |
|
|
500 |
|
|
552,435 |
|
|
|
Detroit, Michigan, Water Supply System, Revenue Refunding Bonds, Senior Lien, Series D, 5%, 7/01/23 (b) |
|
|
9,085 |
|
|
8,930,555 |
|
|
|
Detroit, Michigan, Water Supply System, Revenue Refunding Bonds, Series C, 5%, 7/01/22 (a)(c) |
|
|
5,540 |
|
|
5,227,876 |
|
|
|
Michigan Higher Education Student Loan Authority, Student Loan Revenue Bonds, AMT, Series XVII-Q, 5%, 3/01/31 (g) |
|
|
4,325 |
|
|
3,142,458 |
|
|
|
Michigan State Building Authority, Revenue Refunding Bonds (Facilities Program), Series I, 6.25%, 10/15/38 |
|
|
3,125 |
|
|
3,371,969 |
|
|
|
Michigan State Revenue Bonds, GAN, 5.25%, 9/15/21 (b) |
|
|
2,485 |
|
|
2,593,271 |
|
|
|
Michigan State Revenue Bonds, GAN, 5.25%, 9/15/22 (b) |
|
|
10,000 |
|
|
10,335,300 |
|
|
|
Michigan State Revenue Bonds, GAN, 5.25%, 9/15/26 (b) |
|
|
6,650 |
|
|
6,680,922 |
|
|
|
Michigan State Strategic Fund, Limited Obligation Revenue Refunding Bonds (Detroit Edison Company Pollution Control Project), AMT, Series A, 5.50%, 6/01/30 (l) |
|
|
8,000 |
|
|
6,964,240 |
|
4
|
|
BlackRock MuniYield Insured Fund, Inc. |
|
|
|
Schedule of Investments April 30, 2009 (Unaudited) |
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
|
|
|
State |
|
Municipal Bonds |
|
Par |
|
Value |
|
||
|
|
|
|
|
|
|
|
||
|
|
Michigan State Strategic Fund, Limited Obligation Revenue Refunding Bonds (Detroit Edison Company Pollution Control Project), AMT, Series C,5.65%, 9/01/29 (l) |
|
$ |
5,000 |
|
$ |
4,492,550 |
|
|
|
Wayne County, Michigan, Airport Authority, Revenue Refunding Bonds, AMT, 5.375%, 12/01/32 (k) |
|
|
5,000 |
|
|
4,673,700 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
58,087,017 |
|
|
|
|
|
|
|
|
|
|
|
Minnesota - 0.9% |
|
Minneapolis, Minnesota, Health Care System, Revenue Refunding Bonds (Fairview Health Services), Series B, 6.50%, 11/15/38 (k) |
|
|
6,500 |
|
|
7,047,690 |
|
|
|
|
|
|
|
|
|
|
|
Missouri - 0.3% |
|
Missouri State Health and Educational Facilities Authority, Health Facilities Revenue Bonds (Saint Lukes Health System), Series A, 5.50%,11/15/35 (b) |
|
|
2,740 |
|
|
2,758,111 |
|
|
|
Missouri State Housing Development Commission, S/F Mortgage Revenue Bonds (Homeownership Loan Program), AMT, Series C-1, 7.15%,3/01/32 (e)(f) |
|
|
90 |
|
|
96,102 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,854,213 |
|
|
|
|
|
|
|
|
|
|
|
Nevada - 5.9% |
|
Clark County, Nevada, Airport System Subordinate Lien Revenue Bonds, Series A-2, 5%, 7/01/30 (a)(c) |
|
|
20,000 |
|
|
18,900,200 |
|
|
|
Clark County, Nevada, IDR (Southwest Gas Corporation Project), AMT, Series A, 5.25%, 7/01/34 (g) |
|
|
12,675 |
|
|
9,242,863 |
|
|
|
Clark County, Nevada, Water Reclamation District, GO, Series B, 5.50%, 7/01/29 |
|
|
500 |
|
|
522,545 |
|
|
|
Clark County, Nevada, Water Reclamation District, GO, Series B, 5.75%, 7/01/34 |
|
|
4,820 |
|
|
5,109,007 |
|
|
|
Las Vegas, Nevada, Convention and Visitors Authority Revenue Bonds, 5%, 7/01/37 (g) |
|
|
11,950 |
|
|
10,767,428 |
|
|
|
Las Vegas, Nevada, Limited Tax, GO (Performing Arts Center), 6%, 4/01/34 |
|
|
2,250 |
|
|
2,315,947 |
|
|
|
Reno, Nevada, Capital Improvement Revenue Bonds, 5.50%, 6/01/19 (a)(c) |
|
|
1,165 |
|
|
1,164,849 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
48,022,839 |
|
|
|
|
|
|
|
|
|
|
|
New Jersey - 1.5% |
|
New Jersey EDA, Cigarette Tax Revenue Bonds, 5.75%, 6/15/29 |
|
|
3,060 |
|
|
2,259,718 |
|
|
|
New Jersey EDA, Cigarette Tax Revenue Bonds, 5.75%, 6/15/34 |
|
|
13,960 |
|
|
9,933,657 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
12,193,375 |
|
|
|
|
|
|
|
|
|
|
|
New Mexico - 0.2% |
|
New Mexico Educational Assistance Foundation, Student Loan Revenue Refunding Bonds (Student Loan Program), AMT, First Sub-Series A-2, 6.65%,11/01/25 |
|
|
1,605 |
|
|
1,605,482 |
|
|
|
New Mexico Mortgage Finance Authority, S/F Mortgage Revenue Bonds, AMT, Series C-2, 6.95%, 9/01/31 (e)(f) |
|
|
285 |
|
|
300,054 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,905,536 |
|
|
|
|
|
|
|
|
|
|
|
New York - 3.6% |
|
New York City, New York, City Transitional Finance Authority, Building Aid Revenue Bonds, Series S-4, 5.50%, 1/15/34 |
|
|
7,250 |
|
|
7,358,315 |
|
|
|
New York City, New York, GO, Series A-1, 5.25%, 8/15/24 |
|
|
6,650 |
|
|
6,886,341 |
|
|
|
New York City, New York, GO, Series J, 5.25%, 5/15/24 |
|
|
10,000 |
|
|
10,218,000 |
|
|
|
New York City, New York, GO, Series J, 5.25%, 5/15/25 |
|
|
150 |
|
|
152,873 |
|
|
|
New York City, New York, GO, Series M, 5%, 4/01/30 (k) |
|
|
5,000 |
|
|
5,031,100 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
29,646,629 |
|
|
|
|
|
|
|
|
|
|
|
Ohio - 1.7% |
|
Lorain County, Ohio, Hospital Revenue Refunding Bonds (Catholic Healthcare Partners), Series C-2, 5%, 4/01/33 (b) |
|
|
14,200 |
|
|
13,889,304 |
|
|
|
|
|
|
|
|
|
|
|
5
|
|
BlackRock MuniYield Insured Fund, Inc. |
|
|
|
Schedule of Investments April 30, 2009 (Unaudited) |
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
|
|
|
State |
|
Municipal Bonds |
|
Par |
|
Value |
|
||
|
|
|
|
|
|
|
|
||
Pennsylvania - 3.3% |
|
Pennsylvania HFA, S/F Mortgage Revenue Bonds, AMT, Series 70A, 5.80%, 4/01/27 |
|
$ |
4,740 |
|
$ |
4,591,022 |
|
|
|
Pennsylvania State Turnpike Commission, Turnpike Revenue Bonds, Series A, 5.50%, 12/01/31 (g) |
|
|
15,600 |
|
|
15,929,628 |
|
|
|
Pennsylvania State Turnpike Commission, Turnpike Revenue Refunding Bonds, Sub-Series C, 6.25%, 6/01/38 (k) |
|
|
5,695 |
|
|
6,336,940 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
26,857,590 |
|
|
|
|
|
|
|
|
|
|
|
Rhode Island - 0.3% |
|
Rhode Island State Economic Development Corporation, Airport Revenue Bonds, AMT, Series A, 5.25%, 7/01/38 (k) |
|
|
3,000 |
|
|
2,706,810 |
|
|
|
|
|
|
|
|
|
|
|
South Carolina - 1.9% |
|
Charleston Educational Excellence Financing Corporation, South Carolina, Revenue Bonds (Charleston County School District), 5.25%, 12/01/28 (k) |
|
|
3,895 |
|
|
3,924,991 |
|
|
|
Charleston Educational Excellence Financing Corporation, South Carolina, Revenue Bonds (Charleston County School District), 5.25%, 12/01/29 (k) |
|
|
3,215 |
|
|
3,223,713 |
|
|
|
Charleston Educational Excellence Financing Corporation, South Carolina, Revenue Bonds (Charleston County School District), 5.25%, 12/01/30 (k) |
|
|
1,160 |
|
|
1,155,488 |
|
|
|
Kershaw County, South Carolina, Public Schools Foundation, Installment Power Revenue Refunding Bonds, 5%, 12/01/30 (q) |
|
|
2,775 |
|
|
2,685,895 |
|
|
|
Kershaw County, South Carolina, Public Schools Foundation, Installment Power Revenue Refunding Bonds, 5%, 12/01/31 (q) |
|
|
3,690 |
|
|
3,554,466 |
|
|
|
South Carolina Housing Finance and Development Authority, Mortgage Revenue Refunding Bonds, AMT, Series A-2, 6.35%, 7/01/19 (b) |
|
|
645 |
|
|
647,715 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
15,192,268 |
|
|
|
|
|
|
|
|
|
|
|
Tennessee - 0.2% |
|
Tennessee HDA, Revenue Refunding Bonds (Homeownership Program), AMT, Series A, 5.35%, 1/01/26 (b) |
|
|
1,845 |
|
|
1,823,414 |
|
|
|
|
|
|
|
|
|
|
|
Texas - 19.9% |
|
Canyon, Texas, Regional Water Authority, Contract Revenue Bonds (Wells Ranch Project), 5%, 8/01/32 (g) |
|
|
5,550 |
|
|
5,364,463 |
|
|
|
Dallas-Fort Worth, Texas, International Airport, Joint Revenue Bonds, AMT, Series A, 5%, 11/01/35 (b) |
|
|
1,000 |
|
|
877,700 |
|
|
|
Dallas-Fort Worth, Texas, International Airport Revenue Refunding and Improvement Bonds, AMT, Series A, 5.625%, 11/01/26 (a)(c) |
|
|
15,000 |
|
|
14,958,600 |
|
|
|
Dallas, Texas, Independent School District, GO, 6.375%, 2/15/34 |
|
|
10,000 |
|
|
11,352,100 |
|
|
|
Harris County, Texas, Hospital District, Senior Lien Revenue Refunding Bonds, Series A, 5.25%, 2/15/37 (a) |
|
|
9,900 |
|
|
9,126,414 |
|
|
|
Harris County-Houston Sports Authority, Texas, Revenue Refunding Bonds, Senior Lien, Series G, 5.75%, 11/15/19 (a) |
|
|
1,665 |
|
|
1,643,755 |
|
|
|
Harris County-Houston Sports Authority, Texas, Revenue Refunding Bonds, Senior Lien, Series G, 5.75%, 11/15/20 (a) |
|
|
3,500 |
|
|
3,397,730 |
|
|
|
Harris County-Houston Sports Authority, Texas, Revenue Refunding Bonds, Senior Lien, Series G, 5.25%, 11/15/30 (a) |
|
|
10,000 |
|
|
8,299,300 |
|
|
|
Houston, Texas, Combined Utility System, First Lien Revenue Refunding Bonds, Series A, 6%, 11/15/35 (k) |
|
|
5,700 |
|
|
6,066,795 |
|
|
|
Houston, Texas, Combined Utility System, First Lien Revenue Refunding Bonds, Series A, 5%, 11/15/36 (b) |
|
|
10,695 |
|
|
10,709,438 |
|
|
|
Judson, Texas, Independent School District, School Building, GO, 5%, 2/01/37 (k) |
|
|
10,000 |
|
|
10,005,600 |
|
|
|
Matagorda County, Texas, Navigation District Number 1, PCR, Refunding (Central Power and Light Company Project), AMT, 5.20%, 5/01/30 (a) |
|
|
6,250 |
|
|
4,889,937 |
|
6
|
|
BlackRock MuniYield Insured Fund, Inc. |
|
|
|
Schedule of Investments April 30, 2009 (Unaudited) |
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
|
|
|
State |
|
Municipal Bonds |
|
Par |
|
Value |
|
||
|
|
|
|
|
|
|
|
||
|
|
North Texas Tollway Authority, System Revenue Refunding Bonds, First Tier, Series A, 6%, 1/01/25 |
|
$ |
6,250 |
|
$ |
6,568,125 |
|
|
|
North Texas Tollway Authority, System Revenue Refunding Bonds, First Tier, Series A, 5.125%, 1/01/28 (a) |
|
|
21,750 |
|
|
21,050,303 |
|
|
|
North Texas Tollway Authority, System Revenue Refunding Bonds, First Tier, Series B, 5.75%, 1/01/40 (a) |
|
|
10,000 |
|
|
10,032,900 |
|
|
|
Texas State Department of Housing and Community Affairs, S/F Mortgage Revenue Bonds, AMT, Series A, 5.45%, 9/01/23 (a)(e)(f) |
|
|
4,625 |
|
|
4,653,583 |
|
|
|
Texas State Turnpike Authority, Central Texas Turnpike System Revenue Bonds, First Tier, Series A, 5.50%, 8/15/39 (g) |
|
|
10,000 |
|
|
9,548,700 |
|
|
|
Texas State Turnpike Authority, Central Texas Turnpike System Revenue Bonds, First Tier, Series A, 5%, 8/15/42 (g) |
|
|
10,000 |
|
|
8,785,600 |
|
|
|
Texas State University, System Financing Revenue Refunding Bonds, 5.25%, 3/15/24 |
|
|
5,000 |
|
|
5,368,500 |
|
|
|
Texas State University, System Financing Revenue Refunding Bonds, 5.25%, 3/15/25 |
|
|
9,000 |
|
|
9,582,480 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
162,282,023 |
|
|
|
|
|
|
|
|
|
|
|
Utah - 1.1% |
|
Utah Transit Authority, Sales Tax Revenue Refunding Bonds, CABS, Sub-Series A, 5.341%, 6/15/20 (p) |
|
|
15,930 |
|
|
9,066,400 |
|
|
|
|
|
|
|
|
|
|
|
Vermont - 0.4% |
|
Vermont HFA, Revenue Refunding Bonds, AMT, Series C, 5.50%, 11/01/38 (b) |
|
|
2,965 |
|
|
2,864,368 |
|
|
|
Vermont HFA, S/F Housing Revenue Bonds, AMT, Series 12B, 6.30%, 11/01/19 (b) |
|
|
375 |
|
|
381,630 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,245,998 |
|
|
|
|
|
|
|
|
|
|
|
Washington - 7.1% |
|
Chelan County, Washington, Public Utility District Number 001, Consolidated Revenue Bonds (Chelan Hydro System), AMT, Series A, 5.45%,7/01/37 (g) |
|
|
3,030 |
|
|
2,706,729 |
|
|
|
Chelan County, Washington, Public Utility District Number 001, Consolidated Revenue Refunding Bonds (Chelan Hydro System), AMT, Series C, 5.65%, 7/01/32 (a) |
|
|
6,000 |
|
|
5,631,480 |
|
|
|
King County, Washington, Public Hospital District Number 001, GO, Refunding, Series A, 5%, 12/01/37 (l) |
|
|
11,850 |
|
|
11,602,335 |
|
|
|
Port of Seattle, Washington, Revenue Bonds, DRIVERS, AMT, Series 2553, 8.855%, 1/01/12 (a)(j) |
|
|
3 |
|
|
2,046 |
|
|
|
Radford Court Properties, Washington, Student Housing Revenue Bonds, 5.75%, 6/01/32 (a) |
|
|
10,000 |
|
|
10,009,100 |
|
|
|
Seattle, Washington, Housing Authority Revenue Bonds (High Rise Rehabilitation Program - Phase 3), AMT, 5.15%, 11/01/27 (b) |
|
|
6,255 |
|
|
5,964,393 |
|
|
|
Skagit County, Washington, Public Hospital District, GO, Series A, 5.25%, 12/01/25 (a) |
|
|
4,945 |
|
|
4,896,193 |
|
|
|
Skagit County, Washington, Public Hospital District, GO, Series A, 5.25%, 12/01/26 (a) |
|
|
5,450 |
|
|
5,321,380 |
|
|
|
Washington State Health Care Facilities Authority Revenue Bonds (Providence Health System), Series A, 5.25%, 10/01/21 (a) |
|
|
6,150 |
|
|
6,216,851 |
|
|
|
Washington State Health Care Facilities Authority, Revenue Refunding Bonds (Catholic Health Initiatives), Series D, 6.375%, 10/01/36 |
|
|
5,500 |
|
|
5,742,935 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
58,093,442 |
|
|
|
|
|
|
|
|
|
|
|
7
|
|
BlackRock MuniYield Insured Fund, Inc. |
|
|
|
Schedule of Investments April 30, 2009 (Unaudited) |
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
|
|
|
State |
|
Municipal Bonds |
|
Par |
|
Value |
|
||
|
|
|
|
|
|
|
|
||
Wisconsin - 0.4% |
|
Wisconsin State Health and Educational Facilities Authority Revenue Bonds (SynergyHealth Inc.), 6%, 11/15/32 |
|
$ |
3,395 |
|
$ |
3,419,919 |
|
|
|
|
|
|
|
|
|
|
|
Puerto Rico - 1.5% |
|
Puerto Rico Public Buildings Authority, Government Facilities Revenue Refunding Bonds, Series M-3, 6%, 7/01/26 (a)(r) |
|
|
5,140 |
|
|
5,101,450 |
|
|
|
Puerto Rico Public Buildings Authority, Government Facilities Revenue Refunding Bonds, Series M-3, 6%, 7/01/27 (a)(r) |
|
|
4,235 |
|
|
4,183,884 |
|
|
|
Puerto Rico Public Buildings Authority, Government Facilities Revenue Refunding Bonds, Series M-3, 6%, 7/01/28 (a)(r) |
|
|
2,750 |
|
|
2,694,560 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
11,979,894 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Municipal Bonds - 126.3% |
|
|
|
|
|
1,030,255,512 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Municipal
Bonds Transferred to |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
California - 10.2% |
|
Alameda County, California, Joint Powers Authority, Lease Revenue Refunding Bonds, 5%, 12/01/34 (b) |
|
|
6,990 |
|
|
6,567,455 |
|
|
|
California State University, Systemwide Revenue Refunding Bonds, Series A, 5%, 11/01/16 (g) |
|
|
18,435 |
|
|
17,916,792 |
|
|
|
Las Virgenes, California, Unified School District, GO, Series A, 5%, 8/01/31 (b) |
|
|
10,000 |
|
|
9,827,812 |
|
|
|
Orange County, California, Sanitation District, COP, Series B, 5%, 2/01/37 (b) |
|
|
10,780 |
|
|
10,572,916 |
|
|
|
Riverside, California, Electric Revenue Bonds, Series D, 5%, 10/01/38 (b) |
|
|
20,000 |
|
|
19,399,800 |
|
|
|
San Diego County, California, Water Authority, Water Revenue Refunding Bonds, COP, Series A, 5%, 5/01/33 (b) |
|
|
9,370 |
|
|
9,215,676 |
|
|
|
San Francisco, California, Bay Area Rapid Transit District, Sales Tax Revenue Bonds, 5%, 7/01/36 (b) |
|
|
10,000 |
|
|
9,940,468 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
83,440,919 |
|
|
|
|
|
|
|
|
|
|
|
Connecticut - 0.6% |
|
Connecticut State Health and Educational Facilities Authority Revenue Bonds (Yale University), Series T-1, 4.70%, 7/01/29 |
|
|
5,010 |
|
|
5,150,030 |
|
|
|
|
|
|
|
|
|
|
|
District of Columbia - 0.6% |
|
District of Columbia, Water and Sewer Authority, Public Utility Revenue Refunding Bonds, 6%, 10/01/35 |
|
|
4,281 |
|
|
4,618,906 |
|
|
|
|
|
|
|
|
|
|
|
Georgia - 1.2% |
|
Metropolitan Atlanta Rapid Transit Authority, Georgia, Sales Tax Revenue Refunding Bonds, Third Indenture, Series B, 5%, 7/01/37 (b) |
|
|
10,000 |
|
|
10,039,218 |
|
|
|
|
|
|
|
|
|
|
|
Illinois - 2.0% |
|
Illinois Finance Authority, Revenue Bonds (University of Chicago), Series B, 6.25%, 7/01/38 |
|
|
10,000 |
|
|
11,119,500 |
|
|
|
Metropolitan Pier and Exposition Authority, Illinois, Dedicated State Tax Revenue Refunding Bonds (McCormick Place Expansion Project), Series B,5.75%, 6/15/23 (a) |
|
|
4,798 |
|
|
5,052,544 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
16,172,044 |
|
|
|
|
|
|
|
|
|
|
|
New Jersey - 1.4% |
|
Garden State Preservation Trust of New Jersey, Open Space and Farmland Preservation Revenue Bonds, Series A, 5.75%, 11/01/28 (b) |
|
|
10,000 |
|
|
11,625,800 |
|
|
|
|
|
|
|
|
|
|
|
New York - 4.4% |
|
New York City, New York, City Municipal Water Finance Authority, Water and Sewer System, Revenue Refunding Bonds, Series DD, 5%, 6/15/37 |
|
|
17,567 |
|
|
17,279,488 |
|
|
|
Port Authority of New York and New Jersey, Consolidated Revenue Bonds, AMT, 137th Series, 5.125%, 7/15/30 (b) |
|
|
19,500 |
|
|
18,262,725 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
35,542,213 |
|
|
|
|
|
|
|
|
|
|
|
Ohio - 0.6% |
|
Montgomery County, Ohio, Revenue Bonds (Catholic Health Initiatives), Series C-1, 5%, 10/01/41 (b) |
|
|
4,990 |
|
|
4,558,215 |
|
|
|
|
|
|
|
|
|
|
|
8
|
|
BlackRock MuniYield Insured Fund, Inc. |
|
|
|
Schedule of Investments April 30, 2009 (Unaudited) |
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
|
|
|
State |
|
Municipal
Bonds Transferred to |
|
Par |
|
Value |
|
||
|
|
|
|
|
|
|
|
||
Texas - 4.2% |
|
Friendswood, Texas, Independent School District, GO, 5%, 2/15/37 |
|
$ |
12,955 |
|
$ |
13,147,453 |
|
|
|
Houston, Texas, Independent School District, GO, 5%, 2/15/33 |
|
|
10,000 |
|
|
10,193,100 |
|
|
|
Texas State University, System Financing Revenue Refunding Bonds, 5.25%,3/15/26 |
|
|
10,000 |
|
|
10,573,300 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
33,913,853 |
|
|
|
|
|
|
|
|
|
|
|
Virginia - 0.5% |
|
University of Virginia, Revenue Refunding Bonds, 5%, 6/01/40 |
|
|
3,950 |
|
|
4,077,941 |
|
|
|
|
|
|
|
|
|
|
|
Washington - 6.3% |
|
Central Puget Sound Regional Transportation Authority, Washington, Sales and Use Tax Revenue Bonds, Series A, 5%, 11/01/34 (b) |
|
|
17,000 |
|
|
17,105,232 |
|
|
|
King County, Washington, Sewer Revenue Bonds, 5%, 1/01/37 (b) |
|
|
15,785 |
|
|
15,815,470 |
|
|
|
Port of Seattle, Washington, Revenue Refunding Bonds, AMT, Series B, 5.20%, 7/01/29 (a) |
|
|
20,565 |
|
|
18,698,109 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
51,618,811 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
Municipal Bonds Transferred to |
|
|
|
|
|
260,757,950 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
Long-Term Investments |
|
|
|
|
|
1,291,013,462 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Short-Term Securities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
California - 0.5% |
|
Los Angeles County, California, Metropolitan Transportation Authority, Sales Tax Revenue Refunding Bonds, Proposition C, VRDN, Second Senior Series A, 6%, 5/07/09 (a)(t) |
|
|
4,000 |
|
|
4,000,000 |
|
|
|
|
|
|
|
|
|
|
|
Pennsylvania - 1.2% |
|
Philadelphia, Pennsylvania, GO, Refunding, VRDN, Series B, 3.50%, 5/07/09 (b)(t) |
|
|
10,000 |
|
|
10,000,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Money Market Fund - 2.9% |
|
FFI Institutional Tax-Exempt Fund, 0.72% (u)(v) |
|
|
23,300,000 |
|
|
23,300,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
Short-Term Securities |
|
|
|
|
|
37,300,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
Investments |
|
|
|
|
|
1,328,313,462 |
|
|
|
Other Assets Less Liabilities - 0.8% |
|
|
|
|
|
6,455,923 |
|
|
|
Liability
for Trust Certificates, |
|
|
|
|
|
(142,058,448 |
) |
|
|
Preferred Shares, at Redemption Value - (46.3)% |
|
|
|
|
|
(377,278,968 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
Net Assets Applicable to Common Shares - 100.0% |
|
|
|
|
$ |
815,431,969 |
|
|
|
|
|
|
|
|
|
|
|
|
|
* |
The cost and unrealized appreciation (depreciation) of investments as of April 30, 2009, as computed for federal income tax purposes, were as follows: |
|
|
|
|
|
Aggregate cost |
|
$ |
1,240,126,699 |
|
|
|
|
|
|
Gross unrealized appreciation |
|
$ |
28,184,944 |
|
Gross unrealized depreciation |
|
|
(81,660,710 |
) |
|
|
|
|
|
Net unrealized depreciation |
|
$ |
(53,475,766 |
) |
|
|
|
|
|
|
|
(a) |
NPFGC Insured. |
|
|
(b) |
FSA Insured. |
|
|
(c) |
FGIC Insured. |
|
|
(d) |
FHLMC Collateralized. |
|
|
(e) |
FNMA Collateralized. |
|
|
(f) |
GNMA Collateralized. |
9
|
BlackRock MuniYield Insured Fund, Inc. |
|
Schedule of Investments April 30, 2009 (Unaudited) |
|
|
|
(g) |
AMBAC Insured. |
|
|
(h) |
Represents a step-up bond that pays an initial coupon rate for the first period and then a higher coupon rate for the following periods. Rate shown reflects the effective yield as of report date. |
|
|
(i) |
Represents a zero-coupon bond. Rate shown reflects the current yield as of report date. |
|
|
(j) |
Variable rate security. Rate shown is as of report date. |
|
|
(k) |
Assured Guaranty Insured. |
|
|
(l) |
XL Capital Insured. |
|
|
(m) |
BHAC Insured. |
|
|
(n) |
Non-income producing security. |
|
|
(o) |
Issuer filed for bankruptcy and/or is in default of interest payments. |
|
|
(p) |
FHA Insured. |
|
|
(q) |
CIFG Insured. |
|
|
(r) |
Commonwealth Guaranteed. |
|
|
(s) |
Securities represent bonds transferred to a tender option bond trust in exchange for which the Fund acquired the residual interest certificates. These securities serve as collateral in a financing transaction. |
|
|
(t) |
Rate shown is as of report date and maturity shown is the final maturity date or the date the principal owed can be recovered through demand. |
|
|
(u) |
Investments in companies considered to be an affiliate of the Fund, for purposes of Section 2(a)(3) of the Investment Company Act of 1940, were as follows: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Affiliate |
|
Net Activity |
|
Income |
|
||
|
|
|
|
|
|
||
FFI Institutional Tax-Exempt Fund |
|
|
(2,854,406 |
) |
$ |
451,433 |
|
|
|
|
|
|
|
|
|
|
|
(v) |
Represents the current yield as of report date. |
10
|
BlackRock MuniYield Insured Fund, Inc. |
|
Schedule of Investments April 30, 2009 (Unaudited) |
|
|
|
|
|
Effective August 1, 2008, the Fund adopted Financial Accounting Standards Board Statement of Financial Accounting Standards No. 157, Fair Value Measurements (FAS 157). FAS 157 clarifies the definition of fair value, establishes a framework for measuring fair values and requires additional disclosures about the use of fair value measurements. Various inputs are used in determining the fair value of investments, which are as follows: |
|
|
|
|
|
|
Level 1 - price quotations in active markets/exchanges for identical securities |
|
|
|
|
|
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 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 circumstance, to the extent observable inputs are not available (including the Funds own assumption used in determining the fair value of investments) |
|
|
|
|
The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For information about the Funds policy regarding valuation of investments and other significant accounting policies, please refer to the Funds most recent financial statements as contained in its semi-annual report. |
|
|
|
|
|
The following table summarizes the inputs used as of April 30, 2009 in determining the fair valuation of the Funds investments: |
|
|
|
|
|
|
|
|
|
|
Valuation |
|
Investments in |
|
|
|
|
|
|
|
|
|
Assets |
|
|
|
|
|
|
|
Level 1 |
|
$ |
23,300,000 |
|
Level 2 |
|
|
1,305,013,462 |
|
Level 3 |
|
|
|
|
|
|
|
|
|
Total |
|
$ |
1,328,313,462 |
|
|
|
|
|
|
11
Item 2 – | Controls and Procedures |
2(a) – |
The registrant’s principal executive and principal financial officers or persons performing similar functions have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the “1940 Act”)) are effective as of a date within 90 days of the filing of this report based on the evaluation of these controls and procedures required by Rule 30a-3(b) under the 1940 Act and Rule 13(a)-15(b) under the Securities Exchange Act of 1934, as amended. |
2(b) – |
There were no changes in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act) that occurred during the registrant’s last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrant’s internal control over financial reporting. |
||
Item 3 – | Exhibits | ||
Certifications – Attached hereto | |||
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. | |||
BlackRock MuniYield Insured Fund, Inc. | |||
By: |
/s/ Donald C. Burke | ||
Donald C. Burke | |||
Chief Executive Officer of | |||
BlackRock MuniYield Insured Fund, Inc. | |||
Date: June 19, 2009 | |||
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated. | |||
By: |
/s/ Donald C. Burke | ||
Donald C. Burke | |||
Chief Executive Officer (principal executive officer) of | |||
BlackRock MuniYield Insured Fund, Inc. | |||
Date: June 19, 2009 | |||
By: |
/s/ Neal J. Andrews | ||
Neal J. Andrews | |||
Chief Financial Officer (principal financial officer) of | |||
BlackRock MuniYield Insured Fund, Inc. | |||
Date: June 19, 2009 |