BlackRock MuniYield New Jersey Fund, Inc.
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 811-06570
Name of Fund: BlackRock MuniYield New Jersey Fund, Inc. (MYJ)
Fund Address: 100 Bellevue Parkway, Wilmington, DE 19809
Name and address of agent for service: John M. Perlowski, Chief Executive Officer, BlackRock MuniYield
New Jersey Fund, Inc., 55 East
52nd Street, New York, NY 10055
Registrant’s telephone number, including area code:
(800) 882-0052, Option 4
Date of fiscal year end: 07/31/2017
Date of reporting period: 10/31/2016
Item 1 – Schedule of Investments
|
|
|
| Schedule of Investments October 31, 2016 (Unaudited) |
|
BlackRock MuniYield New Jersey Fund, Inc. (MYJ)
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
| Municipal Bonds |
|
Par (000) |
|
|
Value |
|
| New Jersey —
129.9% |
|
|
|
|
|
|
|
|
| Corporate — 10.0% |
|
|
|
|
|
|
|
|
| County of Salem New Jersey Pollution Control Financing Authority, Refunding RB, Atlantic City Electric, Series A,
4.88%, 6/01/29 |
|
$ |
4,550 |
|
|
$ |
4,940,071 |
|
| New Jersey EDA, RB, Continental Airlines, Inc. Project, AMT: |
|
|
|
|
|
|
|
|
| Series B, 5.63%, 11/15/30 |
|
|
485 |
|
|
|
555,519 |
|
| Series A, 5.63%, 11/15/30 |
|
|
1,730 |
|
|
|
1,980,210 |
|
| New Jersey EDA, Refunding RB: |
|
|
|
|
|
|
|
|
| New Jersey American Water Co., Inc. Project, AMT, Series A, 5.70%, 10/01/39 |
|
|
7,900 |
|
|
|
8,788,513 |
|
| New Jersey American Water Co., Inc. Project, AMT, Series B, 5.60%, 11/01/34 |
|
|
2,430 |
|
|
|
2,705,951 |
|
| United Water of New Jersey, Inc., Series B (AMBAC), 4.50%, 11/01/25 |
|
|
4,500 |
|
|
|
4,703,625 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
23,673,889 |
|
| County/City/Special District/School District — 20.5% |
|
| Casino Reinvestment Development Authority, Refunding RB: |
|
|
|
|
|
|
|
|
| 5.25%, 11/01/39 |
|
|
2,280 |
|
|
|
2,349,016 |
|
| 5.25%, 11/01/44 |
|
|
6,500 |
|
|
|
6,670,690 |
|
| City of Bayonne New Jersey, GO, Refunding, Qualified General Improvement (BAM): |
|
|
|
|
|
|
|
|
| 5.00%, 7/01/33 |
|
|
925 |
|
|
|
1,079,207 |
|
| 5.00%, 7/01/35 |
|
|
1,435 |
|
|
|
1,662,476 |
|
| City of Margate New Jersey, GO, Refunding, Improvement: |
|
|
|
|
|
|
|
|
| 5.00%, 1/15/26 |
|
|
1,200 |
|
|
|
1,372,944 |
|
| 5.00%, 1/15/27 |
|
|
845 |
|
|
|
965,294 |
|
| City of Perth Amboy New Jersey, GO, CAB, Refunding (AGM), 5.00%, 7/01/33 |
|
|
755 |
|
|
|
768,484 |
|
| County of Essex New Jersey Improvement Authority, RB, AMT, 5.25%, 7/01/45 (a) |
|
|
3,765 |
|
|
|
3,889,433 |
|
| County of Essex New Jersey Improvement Authority, Refunding RB, Project Consolidation (NPFGC): |
|
|
|
|
|
|
|
|
| 5.50%, 10/01/28 |
|
|
2,700 |
|
|
|
3,571,155 |
|
| 5.50%, 10/01/29 |
|
|
5,085 |
|
|
|
6,781,560 |
|
| County of Hudson New Jersey, COP, Refunding (NPFGC), 6.25%, 12/01/16 |
|
|
900 |
|
|
|
903,951 |
|
|
|
|
|
|
|
|
|
|
| Municipal Bonds |
|
Par (000) |
|
|
Value |
|
| New Jersey (continued) |
|
|
|
|
|
|
|
|
| County/City/Special District/School District (continued) |
|
| County of Hudson New Jersey Improvement Authority, RB, Harrison Parking Facility Project, Series C (AGC),
5.38%, 1/01/44 |
|
$ |
4,800 |
|
|
$ |
5,170,368 |
|
| County of Mercer New Jersey Improvement Authority, RB, Courthouse Annex Project, 5.00%, 9/01/40 |
|
|
1,470 |
|
|
|
1,711,477 |
|
| County of Middlesex New Jersey, COP, Refunding, Civic Square IV Redevelopment, 5.00%, 10/15/31 |
|
|
1,400 |
|
|
|
1,745,478 |
|
| County of Monmouth New Jersey Improvement Authority, Refunding RB, Government Loan (AMBAC), 5.00%, 12/01/16 |
|
|
5 |
|
|
|
5,016 |
|
| County of Union New Jersey Improvement Authority, LRB, Guaranteed Lease, Family Court Building Project,
5.00%, 5/01/42 |
|
|
1,400 |
|
|
|
1,632,288 |
|
| County of Union New Jersey Utilities Authority, Refunding RB, Series A: |
|
|
|
|
|
|
|
|
| Resources Recovery Facility, Covanta Union, Inc., AMT, 5.25%, 12/01/31 |
|
|
670 |
|
|
|
738,903 |
|
| Solid Waste System, County Deficiency Agreement, 5.00%, 6/15/41 |
|
|
4,115 |
|
|
|
4,576,538 |
|
| Monroe Township Board of Education Middlesex County, GO, Refunding, 5.00%, 3/01/38 |
|
|
1,625 |
|
|
|
1,892,946 |
|
| New Brunswick New Jersey Parking Authority, Refunding RB, City Guaranteed, Series A (BAM), 5.00%, 9/01/39 |
|
|
735 |
|
|
|
864,140 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
48,351,364 |
|
| Education — 28.1% |
|
|
|
|
|
|
|
|
| Atlantic County Improvement Authority, RB, Stockton University Atlantic City, Series A (AGM), 4.00%, 7/01/46 |
|
|
1,000 |
|
|
|
1,037,340 |
|
| New Jersey EDA, RB: |
|
|
|
|
|
|
|
|
| Leap Academy Charter School, Series A, 6.20%, 10/01/44 |
|
|
235 |
|
|
|
241,336 |
|
| Leap Academy Charter School, Series A, 6.30%, 10/01/49 |
|
|
375 |
|
|
|
386,160 |
|
| MSU Student Housing Project Provide, 5.75%, 6/01/31 |
|
|
1,000 |
|
|
|
1,110,350 |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
BLACKROCK MUNIYIELD NEW JERSEY FUND, INC. |
|
OCTOBER 31, 2016 |
|
1 |
|
|
|
| Schedule of Investments (continued) |
|
BlackRock MuniYield New Jersey Fund, Inc. (MYJ) |
|
|
|
|
|
|
|
|
|
| Municipal Bonds |
|
Par (000) |
|
|
Value |
|
| New Jersey (continued) |
|
|
|
|
|
|
|
|
| Education (continued) |
|
|
|
|
|
|
|
|
| New Jersey EDA, RB (continued): |
|
|
|
|
|
|
|
|
| MSU Student Housing Project Provide, 5.88%, 6/01/42 |
|
$ |
1,500 |
|
|
$ |
1,659,690 |
|
| Team Academy Charter School Project, 6.00%, 10/01/33 |
|
|
2,835 |
|
|
|
3,257,585 |
|
| New Jersey EDA, Refunding RB, Greater Brunswick Charter School, Inc. Project, Series A (a): |
|
|
|
|
|
|
|
|
| 5.88%, 8/01/44 |
|
|
780 |
|
|
|
821,036 |
|
| 6.00%, 8/01/49 |
|
|
555 |
|
|
|
583,183 |
|
| New Jersey Educational Facilities Authority, RB: |
|
|
|
|
|
|
|
|
| Higher Educational Capital Improvement Fund, Series A, 5.00%, 9/01/32 |
|
|
3,925 |
|
|
|
4,316,676 |
|
| Montclair State University, Series J, 5.25%, 7/01/18 (b) |
|
|
640 |
|
|
|
686,720 |
|
| New Jersey Educational Facilities Authority, Refunding RB: |
|
|
|
|
|
|
|
|
| City of New Jersey University Issue, Series D, 4.00%, 7/01/34 |
|
|
535 |
|
|
|
568,266 |
|
| College of New Jersey, Series D (AGM), 5.00%, 7/01/18 (b) |
|
|
1,485 |
|
|
|
1,586,752 |
|
| College of New Jersey, Series D (AGM), 5.00%, 7/01/18 (b) |
|
|
4,600 |
|
|
|
4,914,410 |
|
| College of New Jersey, Series F 4.00%, 7/01/33 |
|
|
570 |
|
|
|
615,515 |
|
| Georgian Court University, Series D, 5.25%, 7/01/37 |
|
|
1,000 |
|
|
|
1,021,960 |
|
| Kean University, Series A, 5.50%, 9/01/36 |
|
|
4,500 |
|
|
|
4,977,090 |
|
| Montclair State University, Series A, 5.00%, 7/01/44 |
|
|
6,790 |
|
|
|
7,753,569 |
|
| Montclair State University, Series B, 5.00%, 7/01/33 |
|
|
1,000 |
|
|
|
1,194,500 |
|
| New Jersey Institute of Technology, Series H, 5.00%, 7/01/31 |
|
|
1,250 |
|
|
|
1,388,237 |
|
| Ramapo College, Series B, 5.00%, 7/01/42 |
|
|
340 |
|
|
|
379,025 |
|
| Rider University, Series A, 5.00%, 7/01/32 |
|
|
1,000 |
|
|
|
1,091,460 |
|
| Rowan University, Series B (AGC), 5.00%, 7/01/18 (b) |
|
|
1,800 |
|
|
|
1,923,030 |
|
| Seton Hall University, Series D, 5.00%, 7/01/38 |
|
|
395 |
|
|
|
448,270 |
|
|
|
|
|
|
|
|
|
|
| Municipal Bonds |
|
Par (000) |
|
|
Value |
|
| New Jersey (continued) |
|
|
|
|
|
|
|
|
| Education (continued) |
|
|
|
|
|
|
|
|
| New Jersey Educational Facilities Authority, Refunding RB (continued): |
|
|
|
|
|
|
|
|
| University of Medicine & Dentistry, Series B, 7.13%, 6/01/19 (b) |
|
$ |
1,300 |
|
|
$ |
1,499,472 |
|
| University of Medicine & Dentistry, Series B, 7.50%, 6/01/19 (b) |
|
|
1,625 |
|
|
|
1,889,826 |
|
| New Jersey Higher Education Student Assistance Authority, Refunding RB: |
|
|
|
|
|
|
|
|
| Series 1, AMT, 5.75%, 12/01/29 |
|
|
3,255 |
|
|
|
3,624,345 |
|
| Series 1A, 5.00%, 12/01/25 |
|
|
675 |
|
|
|
708,824 |
|
| Series 1A, 5.00%, 12/01/26 |
|
|
425 |
|
|
|
445,387 |
|
| Series 1A, 5.25%, 12/01/32 |
|
|
900 |
|
|
|
966,060 |
|
| New Jersey Institute of Technology, RB, Series A: |
|
|
|
|
|
|
|
|
| 5.00%, 7/01/40 |
|
|
1,500 |
|
|
|
1,721,235 |
|
| 5.00%, 7/01/42 |
|
|
3,040 |
|
|
|
3,489,342 |
|
| 5.00%, 7/01/45 |
|
|
2,935 |
|
|
|
3,324,856 |
|
| Rutgers — The State University of New Jersey, Refunding RB, Series L, 5.00%, 5/01/43 |
|
|
5,870 |
|
|
|
6,802,626 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
66,434,133 |
|
| Health — 12.8% |
|
|
|
|
|
|
|
|
| County of Camden New Jersey Improvement Authority, Refunding RB, 5.00%, 2/15/34 |
|
|
590 |
|
|
|
660,157 |
|
| New Jersey EDA, Refunding RB, Lions Gate Project: |
|
|
|
|
|
|
|
|
| 5.00%, 1/01/34 |
|
|
500 |
|
|
|
532,465 |
|
| 5.25%, 1/01/44 |
|
|
315 |
|
|
|
337,280 |
|
| New Jersey Health Care Facilities Financing Authority, RB: |
|
|
|
|
|
|
|
|
| Hospitall Asset Transformation Program, Series A, 5.25%, 10/01/18 (b) |
|
|
515 |
|
|
|
557,781 |
|
| Hospitall Asset Transformation Program, Series A, 5.25%, 10/01/38 |
|
|
1,785 |
|
|
|
1,887,977 |
|
| Meridian Health System Obligated Group, Series I (AGC), 5.00%, 7/01/38 |
|
|
925 |
|
|
|
973,831 |
|
| Robert Wood Johnson University Hospital, Series A, 5.50%, 7/01/43 |
|
|
1,420 |
|
|
|
1,658,205 |
|
| Virtua Health, Series A (AGC), 5.50%, 7/01/38 |
|
|
2,500 |
|
|
|
2,758,325 |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
| 2 |
|
BLACKROCK MUNIYIELD NEW JERSEY FUND, INC. |
|
OCTOBER 31, 2016 |
|
|
|
|
|
| Schedule of Investments (continued) |
|
BlackRock MuniYield New Jersey Fund, Inc. (MYJ) |
|
|
|
|
|
|
|
|
|
| Municipal Bonds |
|
Par (000) |
|
|
Value |
|
| New Jersey (continued) |
|
|
|
|
|
|
|
|
| Health (continued) |
|
|
|
|
|
|
|
|
| New Jersey Health Care Facilities Financing Authority, Refunding RB: |
|
|
|
|
|
|
|
|
| AHS Hospital Corp., 6.00%, 7/01/21 (b) |
|
$ |
2,435 |
|
|
$ |
2,963,858 |
|
| Princeton Healthcare System, 5.00%, 7/01/34 |
|
|
860 |
|
|
|
1,011,265 |
|
| Princeton Healthcare System, 5.00%, 7/01/39 |
|
|
1,445 |
|
|
|
1,674,062 |
|
| Robert Wood Johnson University Hospital, 5.00%, 1/01/20 (b) |
|
|
1,000 |
|
|
|
1,122,360 |
|
| RWJ Barnabas Health Obligated Group, Series A, 4.00%, 7/01/43 (c) |
|
|
935 |
|
|
|
962,947 |
|
| RWJ Barnabas Health Obligated Group, Series A, 5.00%, 7/01/43 (c) |
|
|
2,160 |
|
|
|
2,478,967 |
|
| St. Barnabas Health Care System, Series A, 5.63%, 7/01/21 (b) |
|
|
1,090 |
|
|
|
1,309,886 |
|
| St. Barnabas Health Care System, Series A, 5.63%, 7/01/21 (b) |
|
|
3,030 |
|
|
|
3,641,242 |
|
| St. Barnabas Health Care System, Series A, 5.00%, 7/01/29 |
|
|
3,575 |
|
|
|
3,628,875 |
|
| St. Joseph’s Healthcare System Obligated Group, 4.00%, 7/01/34 |
|
|
265 |
|
|
|
274,455 |
|
| St. Joseph’s Healthcare System Obligated Group, 5.00%, 7/01/41 |
|
|
705 |
|
|
|
787,386 |
|
| St. Joseph’s Healthcare System Obligated Group, 4.00%, 7/01/48 |
|
|
930 |
|
|
|
935,152 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
30,156,476 |
|
| Housing — 2.8% |
|
|
|
|
|
|
|
|
| New Jersey Housing & Mortgage Finance Agency, RB: |
|
|
|
|
|
|
|
|
| M/F Housing, Series A, 4.75%, 11/01/29 |
|
|
2,305 |
|
|
|
2,428,594 |
|
| S/F Housing, Series AA, 6.50%, 10/01/38 |
|
|
80 |
|
|
|
82,496 |
|
| S/F Housing, Series CC, 5.00%, 10/01/34 |
|
|
1,460 |
|
|
|
1,519,232 |
|
| S/F Housing, Series U, AMT, 4.95%, 10/01/32 |
|
|
250 |
|
|
|
251,670 |
|
| S/F Housing, Series U, AMT, 5.00%, 10/01/37 |
|
|
260 |
|
|
|
262,447 |
|
|
|
|
|
|
|
|
|
|
| Municipal Bonds |
|
Par (000) |
|
|
Value |
|
| New Jersey (continued) |
|
|
|
|
|
|
|
|
| Housing (continued) |
|
|
|
|
|
|
|
|
| Newark Housing Authority, RB, South Ward Police Facility (AGC), 6.75%, 12/01/19 (b) |
|
$ |
1,750 |
|
|
$ |
2,052,610 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
6,597,049 |
|
| State — 13.1% |
|
|
|
|
|
|
|
|
| Garden State Preservation Trust, RB, CAB, Series B (AGM) (d): |
|
|
|
|
|
|
|
|
| 0.00%, 11/01/23 |
|
|
1,460 |
|
|
|
1,246,606 |
|
| 0.00%, 11/01/28 |
|
|
4,540 |
|
|
|
3,239,063 |
|
| New Jersey EDA, RB: |
|
|
|
|
|
|
|
|
| Motor Vehicle Surcharge, Series A (NPFGC), 5.25%, 7/01/25 |
|
|
2,000 |
|
|
|
2,401,120 |
|
| Motor Vehicle Surcharge, Series A (NPFGC), 5.25%, 7/01/33 |
|
|
9,090 |
|
|
|
9,339,884 |
|
| School Facilities Construction (AGC), 5.50%, 12/15/34 |
|
|
1,320 |
|
|
|
1,421,917 |
|
| School Facilities Construction, Series CC-2, 5.00%, 12/15/31 |
|
|
1,125 |
|
|
|
1,201,646 |
|
| New Jersey EDA, Refunding RB: |
|
|
|
|
|
|
|
|
| 5.25%, 6/15/19 (b) |
|
|
265 |
|
|
|
293,729 |
|
| 5.25%, 12/15/33 |
|
|
735 |
|
|
|
788,104 |
|
| Cigarette Tax, 5.00%, 6/15/26 |
|
|
440 |
|
|
|
484,638 |
|
| Cigarette Tax, 5.00%, 6/15/28 |
|
|
720 |
|
|
|
782,136 |
|
| Cigarette Tax, 5.00%, 6/15/29 |
|
|
1,760 |
|
|
|
1,902,683 |
|
| School Facilities Construction, Series AA, 5.50%, 12/15/29 |
|
|
3,000 |
|
|
|
3,257,220 |
|
| School Facilities Construction, Series GG, 5.25%, 9/01/27 |
|
|
3,000 |
|
|
|
3,309,450 |
|
| State of New Jersey, COP, Equipment Lease Purchase, Series A, 5.25%, 6/15/28 |
|
|
1,100 |
|
|
|
1,186,757 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
30,854,953 |
|
| Transportation — 41.0% |
|
|
|
|
|
|
|
|
| Delaware River Port Authority of Pennsylvania & New Jersey, RB: |
|
|
|
|
|
|
|
|
| 5.00%, 1/01/40 |
|
|
2,620 |
|
|
|
3,012,004 |
|
| Series D, 5.00%, 1/01/40 |
|
|
1,535 |
|
|
|
1,699,506 |
|
| New Jersey EDA, RB, Private Activity Bond, Goethals Bridge Replacement Project, AMT: |
|
|
|
|
|
|
|
|
| 5.38%, 1/01/43 |
|
|
9,420 |
|
|
|
10,703,098 |
|
| (AGM), 5.00%, 1/01/31 |
|
|
1,000 |
|
|
|
1,138,440 |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
BLACKROCK MUNIYIELD NEW JERSEY FUND, INC. |
|
OCTOBER 31, 2016 |
|
3 |
|
|
|
| Schedule of Investments (continued) |
|
BlackRock MuniYield New Jersey Fund, Inc. (MYJ) |
|
|
|
|
|
|
|
|
|
| Municipal Bonds |
|
Par (000) |
|
|
Value |
|
| New Jersey (continued) |
|
|
|
|
|
|
|
|
| Transportation (continued) |
|
|
|
|
|
|
|
|
| New Jersey State Turnpike Authority, RB: |
|
|
|
|
|
|
|
|
| Growth & Income Securities, Series B (AMBAC), 5.15%, 1/01/17 (b) |
|
$ |
1,000 |
|
|
$ |
1,007,440 |
|
| Series A, 5.00%, 1/01/38 |
|
|
10,750 |
|
|
|
12,289,615 |
|
| Series A, 5.00%, 1/01/43 |
|
|
610 |
|
|
|
694,930 |
|
| Series E, 5.25%, 1/01/40 |
|
|
2,525 |
|
|
|
2,718,743 |
|
| New Jersey State Turnpike Authority, Refunding RB, Series A, 5.00%, 1/01/35 |
|
|
1,000 |
|
|
|
1,134,970 |
|
| New Jersey Transportation Trust Fund Authority, RB: |
|
|
|
|
|
|
|
|
| CAB, Transportation System, Series C (AMBAC), 0.00%, 12/15/35 (d) |
|
|
4,140 |
|
|
|
1,845,529 |
|
| Federal Highway Reimbursement Revenue Notes, Series A, 5.00%, 6/15/30 (c) |
|
|
1,250 |
|
|
|
1,386,875 |
|
| Federal Highway Reimbursement Revenue Notes, Series A, 5.00%, 6/15/30 (c) |
|
|
3,070 |
|
|
|
3,194,458 |
|
| Transportation Program, Series AA, 5.00%, 6/15/38 |
|
|
5,935 |
|
|
|
6,414,489 |
|
| Transportation Program, Series AA, 5.25%, 6/15/41 |
|
|
2,960 |
|
|
|
3,298,239 |
|
| Transportation System, 6.00%, 12/15/38 |
|
|
1,950 |
|
|
|
2,119,319 |
|
| Transportation System, Series A, 6.00%, 6/15/35 |
|
|
6,030 |
|
|
|
6,894,702 |
|
| Transportation System, Series A, 5.88%, 12/15/38 |
|
|
3,650 |
|
|
|
3,957,440 |
|
| Transportation System, Series A, 5.50%, 6/15/41 |
|
|
5,500 |
|
|
|
6,061,660 |
|
| Transportation System, Series A (AGC), 5.63%, 12/15/28 |
|
|
1,250 |
|
|
|
1,369,475 |
|
| Transportation System, Series A (AGC), 5.50%, 12/15/38 |
|
|
1,000 |
|
|
|
1,070,710 |
|
| Transportation System, Series AA, 5.50%, 6/15/39 |
|
|
5,520 |
|
|
|
6,195,041 |
|
| Port Authority of New York & New Jersey, ARB: |
|
|
|
|
|
|
|
|
| Consolidated, 93rd Series, 6.13%, 6/01/94 |
|
|
5,000 |
|
|
|
6,359,750 |
|
| JFK International Air Terminal, Series 8, 6.00%, 12/01/42 |
|
|
2,700 |
|
|
|
3,127,734 |
|
|
|
|
|
|
|
|
|
|
| Municipal Bonds |
|
Par (000) |
|
|
Value |
|
| New Jersey (continued) |
|
|
|
|
|
|
|
|
| Transportation (continued) |
|
|
|
|
|
|
|
|
| Port Authority of New York & New Jersey, Refunding ARB, Consolidated: |
|
|
|
|
|
|
|
|
| 152nd Series, AMT, 5.75%, 11/01/30 |
|
$ |
2,300 |
|
|
$ |
2,457,481 |
|
| 152nd Series, AMT, 5.25%, 11/01/35 |
|
|
240 |
|
|
|
253,399 |
|
| 166th Series, 5.25%, 7/15/36 |
|
|
4,000 |
|
|
|
4,619,400 |
|
| 172nd Series, AMT, 5.00%, 10/01/34 |
|
|
1,500 |
|
|
|
1,681,575 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
96,706,022 |
|
| Utilities — 1.6% |
|
|
|
|
|
|
|
|
| Rahway Valley Sewerage Authority, RB, CAB, Series A (NPFGC), 0.00%, 9/01/31
(d) |
|
|
6,000 |
|
|
|
3,823,980 |
|
| Total Municipal Bonds in New Jersey |
|
|
|
|
|
|
306,597,866 |
|
|
|
|
|
|
|
|
|
|
| New York — 0.1% |
|
|
|
|
|
|
|
|
| Transportation — 0.1% |
|
|
|
|
|
|
|
|
| Port Authority of New York & New Jersey, ARB, Consolidated, 169th Series,
5.00%, 10/15/41 |
|
|
250 |
|
|
|
274,795 |
|
| Total Municipal Bonds - 130.0% |
|
|
|
|
|
|
306,872,661 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
| Municipal Bonds Transferred to Tender Option Bond Trusts (e) |
|
|
|
|
|
|
|
|
| New Jersey — 30.0% |
|
|
|
|
|
|
|
|
| County/City/Special District/School District — 6.7% |
|
|
|
|
|
| County of Hudson New Jersey Improvement Authority, RB, Hudson County Vocational-Technical Schools Project,
5.25%, 5/01/51 |
|
|
1,440 |
|
|
|
1,716,595 |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
| 4 |
|
BLACKROCK MUNIYIELD NEW JERSEY FUND, INC. |
|
OCTOBER 31, 2016 |
|
|
|
|
|
| Schedule of Investments (continued) |
|
BlackRock MuniYield New Jersey Fund, Inc. (MYJ) |
|
|
|
|
|
|
|
|
|
| Municipal Bonds Transferred to Tender Option Bond Trusts (e) |
|
Par (000) |
|
|
Value |
|
| New Jersey (continued) |
|
|
|
|
|
|
|
|
| County/City/Special District/School District (continued) |
|
| County of Union New Jersey Utilities Authority, Refunding LRB, Resource Recovery Facility, Covanta Union, Inc., Series A, AMT,
5.25%, 12/01/31 |
|
$ |
12,820 |
|
|
$ |
14,138,409 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
15,855,004 |
|
| Education — 0.9% |
|
|
|
|
|
|
|
|
| Rutgers — The State University of New Jersey, RB, Series F, 5.00%, 5/01/19
(b) |
|
|
2,011 |
|
|
|
2,210,229 |
|
| State — 7.1% |
|
|
|
|
|
|
|
|
| Garden State Preservation Trust, RB, Election of 2005, Series A (AGM), 5.75%, 11/01/28 |
|
|
5,460 |
|
|
|
6,960,790 |
|
| New Jersey EDA, RB, School Facilities Construction (AGC): |
|
|
|
|
|
|
|
|
| 6.00%, 12/15/18 (b) |
|
|
3,550 |
|
|
|
3,927,640 |
|
| 6.00%, 12/15/34 |
|
|
50 |
|
|
|
55,580 |
|
| New Jersey EDA, Refunding RB, Series NN, School Facilities Construction, 5.00%, 3/01/29 (f) |
|
|
5,230 |
|
|
|
5,750,063 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
16,694,073 |
|
| Transportation — 15.3% |
|
|
|
|
|
|
|
|
| New Jersey State Turnpike Authority, RB, Series A, 5.00%, 1/01/38 (f) |
|
|
8,820 |
|
|
|
10,083,200 |
|
| New Jersey Transportation Trust Fund Authority, RB, Transportation System: |
|
|
|
|
|
|
|
|
| Series A (AMBAC), 5.00%, 12/15/32 |
|
|
4,100 |
|
|
|
4,248,912 |
|
| Series B, 5.25%, 6/15/36 (f) |
|
|
5,001 |
|
|
|
5,481,004 |
|
|
|
|
|
|
|
|
|
|
| Municipal Bonds Transferred to Tender Option Bond Trusts (e) |
|
Par (000) |
|
|
Value |
|
| New Jersey (continued) |
|
|
|
|
|
|
|
|
| Transportation (continued) |
|
|
|
|
|
|
|
|
| Port Authority of New York & New Jersey, RB, Consolidated, 169th Series, AMT, 5.00%, 10/15/41 |
|
$ |
11,257 |
|
|
$ |
12,373,132 |
|
| Port Authority of New York & New Jersey, Refunding RB, Consolidated, 152nd Series, AMT,
5.25%, 11/01/35 |
|
|
3,764 |
|
|
|
3,973,826 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
36,160,074 |
|
| Total Municipal Bonds Transferred to Tender Option Bond Trusts — 30.0% |
|
|
|
|
|
|
70,919,380 |
|
Total Long-Term Investments
(Cost — $347,452,637) — 160.0% |
|
|
|
|
|
|
377,792,041 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
| Short-Term Securities |
|
Shares |
|
|
|
|
| BlackRock Liquidity Funds, MuniCash, Institutional Class, 0.44% (g)(h) |
|
|
1,989,630 |
|
|
|
1,989,829 |
|
| Total Short-Term Securities
(Cost — $1,989,630) — 0.8% |
|
|
|
|
|
|
1,989,829 |
|
| Total Investments (Cost — $349,442,267*) — 160.9% |
|
|
|
379,781,870 |
|
| Liabilities in Excess of Other Assets — (0.4)% |
|
|
|
(972,803 |
) |
| Liability for TOB Trust Certificates, Including Interest Expense and Fees Payable —
(17.3)% |
|
|
|
(40,727,000 |
) |
| VRDP Shares at Liquidation Value, Net of Defered Offering
Costs — (43.2)% |
|
|
|
(101,977,667 |
) |
|
|
|
|
|
|
|
|
|
| Net Assets Applicable to Common Shares — 100.0% |
|
|
$ |
236,104,400 |
|
|
|
|
|
|
|
|
|
|
| |
* |
|
As of October 31, 2016, gross unrealized appreciation and depreciation based on cost for federal income tax purposes were as follows: |
|
|
|
|
|
| Tax cost |
|
$ |
309,341,909 |
|
|
|
|
|
|
| Gross unrealized appreciation |
|
$ |
30,819,271 |
|
| Gross unrealized depreciation |
|
|
(1,021,612 |
) |
|
|
|
|
|
| Net unrealized appreciation |
|
$ |
29,797,659 |
|
|
|
|
|
|
|
| Notes to Schedule of Investments |
| (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) |
|
When-issued security. |
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
BLACKROCK MUNIYIELD NEW JERSEY FUND, INC. |
|
OCTOBER 31, 2016 |
|
5 |
|
|
|
| Schedule of Investments (continued) |
|
BlackRock MuniYield New Jersey Fund, Inc. (MYJ) |
| (e) |
|
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.
|
| (f) |
|
All or a portion of 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 June 15, 2019 to September 1, 2020, is $14,350,925. |
| (g) |
|
During the period ended October 31, 2016, investments in issuers considered to be affiliates of the Fund for purposes of Section 2(a)(3) of the Investment
Company Act of 1940, as amended, were as follows: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Affiliate |
|
Shares Held
at July 31,
2016 |
|
|
Net
Activity |
|
|
Shares Held
at October 31,
2016 |
|
|
Value at
October 31,
2016 |
|
|
Income |
|
|
Realized
Gain |
|
| BlackRock Liquidity Funds, MuniCash, Institutional Class |
|
|
4,170,614 |
|
|
|
(2,180,984 |
) |
|
|
1,989,630 |
|
|
$ |
1,989,829 |
|
|
$ |
1,373 |
|
|
$ |
19 |
|
| (h) |
|
Current yield as of period end. |
For Fund compliance
purposes, the Fund’s sector classifications refer to any 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 advisor. 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
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Contracts
Short |
|
|
Issue |
|
|
Expiration |
|
|
Notional
Value |
|
|
Unrealized
Appreciation |
|
| |
(1 |
) |
|
|
5-Year U.S. Treasury Note |
|
|
|
December 2016 |
|
|
$ |
120,797 |
|
|
$ |
905 |
|
| |
(45 |
) |
|
|
10-Year U.S. Treasury Note |
|
|
|
December 2016 |
|
|
$ |
5,833,125 |
|
|
|
81,287 |
|
| |
(30 |
) |
|
|
Long U.S. Treasury Bond |
|
|
|
December 2016 |
|
|
$ |
4,881,563 |
|
|
|
190,443 |
|
| |
(3 |
) |
|
|
Ultra U.S. Treasury Bond |
|
|
|
December 2016 |
|
|
$ |
527,812 |
|
|
|
31,027 |
|
| |
Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
303,662 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| AGC |
|
Assured Guarantee Corp. |
| AGM |
|
Assured Guaranty Municipal Corp. |
| AMBAC |
|
American Municipal Bond Assurance Corp. |
| AMT |
|
Alternative Minimum Tax (subject to) |
| ARB |
|
Airport Revenue Bonds |
| BAM |
|
Build America Mutual Assurance Co. |
| CAB |
|
Capital Appreciation Bonds |
| COP |
|
Certificates of Participation |
| EDA |
|
Economic Development Authority |
| GO |
|
General Obligation Bonds |
| LRB |
|
Lease Revenue Bonds |
| M/F |
|
Multi-Family |
| NPFGC |
|
National Public Finance Guarantee Corp. |
| RB |
|
Revenue Bonds |
| S/F |
|
Single-Family |
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
| 6 |
|
BLACKROCK MUNIYIELD NEW JERSEY FUND, INC. |
|
OCTOBER 31, 2016 |
|
|
|
|
|
| Schedule of Investments (continued) |
|
BlackRock MuniYield New Jersey Fund, Inc. (MYJ) |
|
| Fair Value Hierarchy as of Period End |
Various inputs are used in determining the fair value of investments and derivative financial instruments. These inputs to valuation methodologies 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 Fund’s own assumptions used in determining the fair value of investments and derivative 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. There may not be a secondary market, and/or there are a
limited number of investors. Level 3 investments may also be adjusted to reflect illiquidity and/or non-transferability, with the amount of such discount estimated by the Global Valuation Committee in the absence of market information.
Changes in valuation methodologies may result in transfers into or out of an assigned level within the hierarchy. In accordance with the Fund’s policy,
transfers between different levels of the fair value hierarchy are deemed to have occurred as of the beginning of the reporting period. The categorization of a value determined for investments is based on the pricing transparency of the investments
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 investments instruments, refer to the Fund’s most recent financial statements
as contained in its annual report.
The following tables summarize the Fund’s investments and derivative financial instruments categorized in
the disclosure hierarchy:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
|
Total |
|
| Assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Investments: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Long-Term Investments1 |
|
|
— |
|
|
$ |
377,792,041 |
|
|
|
— |
|
|
$ |
377,792,041 |
|
| Short-Term Securities |
|
$ |
1,989,829 |
|
|
|
— |
|
|
|
— |
|
|
|
1,989,829 |
|
|
|
|
|
|
| Total |
|
$ |
1,989,829 |
|
|
$ |
377,792,041 |
|
|
|
— |
|
|
$ |
379,781,870 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Derivative Financial Instruments2 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Interest rate contracts |
|
$ |
303,662 |
|
|
|
— |
|
|
|
— |
|
|
$ |
303,662 |
|
| 1 See above Schedule of Investments for values in each sector.
2 Derivative
financial instruments are futures contracts. Futures contracts are valued at the unrealized appreciation (depreciation) on the instrument. |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
BLACKROCK MUNIYIELD NEW JERSEY FUND, INC. |
|
OCTOBER 31, 2016 |
|
7 |
|
|
|
| Schedule of Investments (concluded) |
|
BlackRock MuniYield New Jersey Fund, Inc. (MYJ) |
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 |
|
| Assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Cash pledged for futures contracts |
|
$ |
188,150 |
|
|
|
— |
|
|
|
— |
|
|
$ |
188,150 |
|
| Liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| TOB Trust Certificates |
|
|
— |
|
|
$ |
(40,642,302 |
) |
|
|
— |
|
|
|
(40,642,302 |
) |
| VRDP Shares at Liquidation Value |
|
|
— |
|
|
|
(102,200,000 |
) |
|
|
— |
|
|
|
(102,200,000 |
) |
|
|
|
|
|
| Total |
|
$ |
188,150 |
|
|
$ |
(142,842,302 |
) |
|
|
— |
|
|
$ |
(142,654,152 |
) |
|
|
|
|
|
During the period ended October 31, 2016, there were no transfers between levels.
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
| 8 |
|
BLACKROCK MUNIYIELD NEW JERSEY FUND, INC. |
|
OCTOBER 31, 2016 |
|
|
Item 2 – Controls and Procedures
| 2(a) – |
The registrant’s principal executive and principal financial officers, or persons performing similar functions, have concluded that the registrant’s disclosure controls and procedures (as defined in Rule
30a-3(c) under the Investment Company Act of 1940, as amended (the “1940 Act”)) are effective as of a date within 90 days of the filing of this report based on the evaluation of these controls and procedures required by Rule 30a-3(b) under
the 1940 Act and Rule 13a-15(b) under the Securities Exchange Act of 1934, as amended. |
| 2(b) – |
There were no changes in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act) that occurred during the registrant’s last fiscal quarter that have
materially affected, or are reasonably likely to materially affect, the registrant’s internal control over financial reporting. |
Item 3 – Exhibits
Certifications
– Attached hereto
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the
registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
|
|
|
| BlackRock MuniYield New Jersey Fund, Inc. |
|
|
| By: |
|
/s/ John M. Perlowski |
|
|
John M. Perlowski |
|
|
Chief Executive Officer (principal executive officer) of |
|
|
BlackRock MuniYield New Jersey Fund, Inc. |
Date: December 20, 2016
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following
persons on behalf of the registrant and in the capacities and on the dates indicated.
|
|
|
| By: |
|
/s/ John M. Perlowski |
|
|
John M. Perlowski |
|
|
Chief Executive Officer (principal executive officer) of |
|
|
BlackRock MuniYield New Jersey Fund, Inc. |
Date: December 20, 2016
|
|
|
| By: |
|
/s/ Neal J. Andrews |
|
|
Neal J. Andrews |
|
|
Chief Financial Officer (principal financial officer) of |
|
|
BlackRock MuniYield New Jersey Fund, Inc. |
Date: December 20, 2016