UNITEDSTATES
SECURITIESANDEXCHANGECOMMISSION
Washington,D.C.20549
FORM N-Q
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY
Investment Company Act file number 811-06502
Name of Fund: BlackRock MuniYield Investment Fund (MYF)
Fund Address: 100 Bellevue Parkway, Wilmington, DE 19809
Name and address of agent for service: Anne F. Ackerley, Chief Executive Officer, BlackRock
MuniYield Investment Fund, 55 East 52nd Street, New York, NY 10055.
Registrants telephone number, including area code: (800) 882-0052, Option 4
Date of fiscal year end: 07/31/2010
Date of reporting period: 04/30/2010
Item 1 Schedule of Investments
Schedule of Investments April 30, 2010 (Unaudited)
BlackRock MuniYield Investment Fund (MYF)
(Percentages shown are based on Net Assets)
Par | |||
Municipal Bonds | (000) | Value | |
Arizona 0.7% | |||
Pima County IDA, Refunding IDRB, | |||
Tucson Electric Power, 5.75%, | |||
9/01/29 | $ 1,230 | $ 1,251,623 | |
California 14.5% | |||
California Health Facilities Financing | |||
Authority, Refunding RB, Series A: | |||
Catholic Healthcare West, 6.00%, | |||
7/01/39 | 710 | 761,113 | |
St. Joseph Health System, 5.75%, | |||
7/01/39 | 2,700 | 2,807,001 | |
California State Public Works Board, RB: | |||
Department of General Services, | |||
Buildings 8 & 9, Series A, 6.25%, | |||
4/01/34 | 4,525 | 4,790,889 | |
Various Capital Projects, | |||
Sub-Series I-1, 6.38%, 11/01/34 | 1,265 | 1,355,258 | |
Los Angeles Department of Airports, | |||
Refunding RB, Senior, Los Angeles | |||
International Airport, Series A, 5.00%, | |||
5/15/35 | 5,420 | 5,553,223 | |
Los Angeles Department of Water & | |||
Power, RB, Power System, | |||
Sub-Series A-1, 5.25%, 7/01/38 | 3,300 | 3,534,960 | |
San Diego Regional Building Authority | |||
California, RB, County Operations | |||
Center & Annex, Series A, 5.38%, | |||
2/01/36 | 3,310 | 3,497,776 | |
San Francisco City & County Airports | |||
Commission, Refunding RB, Second | |||
Series A-3, AMT, 6.75%, 5/01/19 | 2,500 | 2,611,950 | |
State of California, GO, Various Purpose, | |||
6.00%, 3/01/33 | 2,535 | 2,790,300 | |
27,702,470 | |||
Colorado 2.2% | |||
City & County of Denver Colorado, | |||
Refunding RB, Series A, 5.25%, | |||
11/15/36 | 4,050 | 4,191,264 | |
District of Columbia 1.1% | |||
District of Columbia Water & Sewer | |||
Authority, RB, Series A, 5.25%, | |||
10/01/29 | 2,000 | 2,138,780 |
Par | ||
Municipal Bonds | (000) | Value |
Florida 19.2% | ||
Broward County Educational Facilities | ||
Authority, RB, Nova Southeastern | ||
University (AGC), 5.00%, 4/01/31 | $ 1,810 | $ 1,828,390 |
City of Jacksonville Florida, RB, Series B | ||
(NPFGC), 5.13%, 10/01/32 | 1,500 | 1,515,045 |
City of Jacksonville Florida, Refunding | ||
RB (NPFGC), 5.25%, 10/01/32 | 2,315 | 2,346,345 |
City of Port St. Lucie Florida, RB | ||
(NPFGC), 5.25%, 9/01/25 | 1,215 | 1,238,000 |
County of Miami-Dade Florida, RB, AMT, | ||
Series A: | ||
(AGM), 5.00%, 10/01/33 | 505 | 486,759 |
Miami International Airport, (AGM), | ||
5.25%, 10/01/41 | 515 | 508,727 |
Miami International Airport, (AGM), | ||
5.50%, 10/01/41 | 2,930 | 2,963,285 |
Miami International Airport, | ||
(NPFGC), 6.00%, 10/01/29 | 3,275 | 3,315,675 |
County of Orange Florida, Refunding RB | ||
(AMBAC), 5.00%, 10/01/29 | 1,750 | 1,787,380 |
County of Osceola Florida, RB, Series A | ||
(NPFGC), 5.50%, 10/01/27 | 1,760 | 1,797,822 |
County of Sumter Florida, RB (AMBAC), | ||
5.00%, 6/01/26 | 1,000 | 1,013,040 |
Florida Housing Finance Corp., | ||
Refunding RB, Homeowner Mortgage, | ||
Series 4, AMT (AGM), 6.25%, | ||
7/01/22 | 345 | 358,631 |
Florida Municipal Loan Council, RB, | ||
Series A-1 (NPFGC), 5.13%, 7/01/34 | 1,580 | 1,584,298 |
Hillsborough County IDA, RB, AMT, | ||
National Gypsum Co: | ||
Series A, 7.13%, 4/01/30 | 2,500 | 2,177,525 |
Series B, 7.13%, 4/01/30 | 3,750 | 3,266,287 |
Lee County Housing Finance Authority, | ||
RB, Multi-County Program, Series A-1, | ||
AMT (GNMA), 7.13%, 3/01/28 | 25 | 25,378 |
Manatee County Housing Finance | ||
Authority, Refunding RB, S/F, Sub- | ||
Series 1, AMT (GNMA), 6.25%, | ||
11/01/28 | 85 | 89,262 |
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 following list:
AGC | Assured Guaranty Corp. | HFA | Housing Finance Agency |
AGM | Assured Guaranty Municipal Corp. | HRB | Housing Revenue Bonds |
AMBAC | American Municipal Bond Assurance Corp. | IDA | Industrial Development Authority |
AMT | Alternative Minimum Tax (subject to) | IDRB | Industrial Development Revenue Bonds |
CIFG | CDC IXIS Financial Guaranty | ISD | Independent School District |
COP | Certificates of Participation | NPFGC | National Public Finance Guarantee Corp. |
DRIVERS | Derivative Inverse Tax-Exempt Receipts | PUTTERS | Puttable Tax-Exempt Receipts |
EDA | Economic Development Authority | RB | Revenue Bonds |
ERB | Education Revenue Bonds | S/F | Single-Family |
GNMA | Government National Mortgage Association | ||
GO | General Obligation Bonds |
BLACKROCK MUNIYIELD INVESTMENT FUND
APRIL 30, 2010
1
Schedule of Investments (continued)
BlackRock MuniYield Investment Fund (MYF)
(Percentages shown are based on Net Assets)
Par | |||
Municipal Bonds | (000) | Value | |
Florida (concluded) | |||
Miami-Dade County Housing Finance | |||
Authority Florida, Refunding RB, Home | |||
Ownership Mortgage, Series A1, AMT | |||
(GNMA), 6.30%, 10/01/20 | $ 365 | $ 372,388 | |
Polk County School Board, COP, Master | |||
Lease, Series A (AGM), 5.50%, | |||
1/01/25 | 4,385 | 4,499,887 | |
Santa Rosa County School Board, COP, | |||
Refunding, Series 2 (NPFGC), 5.25%, | |||
2/01/26 | 1,180 | 1,235,295 | |
South Lake County Hospital District, RB, | |||
South Lake Hospital Inc., 6.38%, | |||
10/01/34 | 1,150 | 1,156,394 | |
Village Center Community Development | |||
District, RB, Series A (NPFGC): | |||
5.38%, 11/01/34 | 1,995 | 1,782,094 | |
5.13%, 11/01/36 | 1,000 | 857,520 | |
Volusia County IDA, RB, Student | |||
Housing, Stetson University Project, | |||
Series A (CIFG), 5.00%, 6/01/35 | 500 | 427,500 | |
36,632,927 | |||
Georgia 8.2% | |||
City of Atlanta Georgia, RB, General, | |||
Subordinate Lien, Series C (AGM), | |||
5.00%, 1/01/33 | 3,270 | 3,301,621 | |
County of Fulton Georgia, RB (NPFGC), | |||
5.25%, 1/01/35 | 1,000 | 1,039,480 | |
Metropolitan Atlanta Rapid Transit | |||
Authority, RB, Third Series, 5.00%, | |||
7/01/39 | 4,815 | 5,067,884 | |
Municipal Electric Authority of Georgia, | |||
Refunding RB, Project One, | |||
Sub-Series D, 6.00%, 1/01/23 | 5,600 | 6,352,752 | |
15,761,737 | |||
Illinois 4.5% | |||
Illinois Finance Authority, Refunding RB: | |||
Central DuPage Health, Series B, | |||
5.38%, 11/01/39 | 1,200 | 1,235,544 | |
Northwestern Memorial Hospital, | |||
Series A, 6.00%, 8/15/39 | 4,160 | 4,536,854 | |
State of Illinois, RB, Build Illinois, | |||
Series B, 5.25%, 6/15/34 | 2,700 | 2,813,076 | |
8,585,474 | |||
Indiana 2.6% | |||
Indiana Municipal Power Agency, RB, | |||
Indiana Municipal Power Agency, | |||
Series B, 6.00%, 1/01/39 | 4,525 | 4,889,398 | |
Kansas 1.8% | |||
Kansas Development Finance Authority, | |||
Refunding RB, Adventist Health, | |||
5.50%, 11/15/29 | 3,250 | 3,435,185 |
Par | |||
Municipal Bonds | (000) | Value | |
Kentucky 4.1% | |||
Kentucky Economic Development | |||
Finance Authority, Refunding RB, | |||
Owensboro Medical Health System, | |||
Series A, 6.38%, 6/01/40 | $ 1,300 | $ 1,336,400 | |
Louisville & Jefferson County | |||
Metropolitan Government Parking | |||
Authority, RB, Series A, 5.75%, | |||
12/01/34 | 3,200 | 3,516,384 | |
Louisville/Jefferson County Metropolitan | |||
Government, Refunding RB, Jewish | |||
Hospital & St. Mary's HealthCare, | |||
6.13%, 2/01/37 | 2,955 | 3,068,117 | |
7,920,901 | |||
Massachusetts 2.4% | |||
Massachusetts HFA, Refunding HRB, | |||
Series F, AMT, 5.70%, 6/01/40 | 2,110 | 2,142,789 | |
Massachusetts Health & Educational | |||
Facilities Authority, RB, Tufts | |||
University, 5.38%, 8/15/38 | 1,250 | 1,356,425 | |
Massachusetts State College Building | |||
Authority, RB, Series A, 5.50%, | |||
5/01/39 | 1,000 | 1,081,820 | |
4,581,034 | |||
Michigan 2.1% | |||
Michigan State Building Authority, | |||
Refunding RB, Facilities Program, | |||
Series I, 6.00%, 10/15/38 | 1,250 | 1,354,150 | |
Michigan State Hospital Finance | |||
Authority, Refunding RB, Hospital, | |||
Henry Ford Health, 5.75%, 11/15/39 | 410 | 404,256 | |
Royal Oak Hospital Finance Authority | |||
Michigan, Refunding RB, William | |||
Beaumont Hospital, 8.25%, 9/01/39 | 1,970 | 2,325,250 | |
4,083,656 | |||
Nebraska 0.3% | |||
Lancaster County Hospital Authority | |||
No. 1, RB, Immanuel Obligation | |||
Group, 5.63%, 1/01/40 | 625 | 626,563 | |
Nevada 9.9% | |||
City of Las Vegas Nevada, GO, Limited | |||
Tax, Performing Arts Center, 6.00%, | |||
4/01/34 | 2,850 | 3,147,882 | |
County of Clark Nevada, GO, Refunding, | |||
Transportation, Series A, 5.00%, | |||
12/01/29 | 4,800 | 4,977,456 | |
County of Clark Nevada, RB: | |||
Motor Vehicle Fuel Tax, 5.00%, | |||
7/01/28 | 4,300 | 4,427,237 | |
Series B, 5.75%, 7/01/42 | 6,055 | 6,413,638 | |
18,966,213 |
2 BLACKROCK MUNIYIELD INVESTMENT FUND
APRIL 30, 2010
Schedule of Investments (continued)
BlackRock MuniYield Investment Fund (MYF)
(Percentages shown are based on Net Assets)
Par | ||
Municipal Bonds | (000) | Value |
New Jersey 3.4% | ||
New Jersey EDA, Refunding RB, New | ||
Jersey American Water Co., Series A, | ||
AMT, 5.70%, 10/01/39 | $ 2,250 | $ 2,297,880 |
New Jersey Transportation Trust Fund | ||
Authority, RB, Transportation System, | ||
Series A, 5.88%, 12/15/38 | 2,670 | 2,929,871 |
Tobacco Settlement Financing Corp. | ||
New Jersey, Refunding RB, Series 1A, | ||
4.50%, 6/01/23 | 1,290 | 1,232,131 |
6,459,882 | ||
New York 8.1% | ||
City of Troy New York, Refunding RB, | ||
Rensselaer Polytechnic, Series A, | ||
5.13%, 9/01/40 | 3,260 | 3,329,340 |
New York City Transitional Finance | ||
Authority, RB, Fiscal 2009, Series S-3, | ||
5.25%, 1/15/39 | 2,500 | 2,654,050 |
New York State Dormitory Authority, | ||
ERB, Series B, 5.25%, 3/15/38 | 5,700 | 6,156,855 |
Triborough Bridge & Tunnel Authority, | ||
RB, General, Series A-2, 5.38%, | ||
11/15/38 | 3,030 | 3,292,338 |
15,432,583 | ||
North Carolina 1.3% | ||
City of Charlotte North Carolina, | ||
Refunding RB, Series A, 5.50%, | ||
7/01/34 | 350 | 372,113 |
North Carolina Eastern Municipal Power | ||
Agency, Refunding RB, Series B, | ||
5.00%, 1/01/26 | 885 | 918,356 |
North Carolina Medical Care | ||
Commission, RB, Duke University | ||
Health System, Series A, 5.00%, | ||
6/01/42 | 1,270 | 1,289,405 |
2,579,874 | ||
Pennsylvania 3.7% | ||
Pennsylvania Economic Development | ||
Financing Authority, RB, American | ||
Water Co. Project, 6.20%, 4/01/39 | 1,075 | 1,162,043 |
Pennsylvania Turnpike Commission, RB, | ||
Sub-Series B, 5.25%, 6/01/39 | 5,650 | 5,839,388 |
7,001,431 | ||
Puerto Rico 0.5% | ||
Puerto Rico Housing Finance Authority, | ||
Refunding RB, Subordinate, Capital | ||
Fund Modernization, 5.13%, | ||
12/01/27 | 920 | 918,372 |
Texas 7.7% | ||
City of Houston Texas, RB, Senior Lien, | ||
Series A, 5.50%, 7/01/39 | 1,170 | 1,246,694 |
Conroe ISD Texas, GO, School Building, | ||
Series A, 5.75%, 2/15/35 | 1,800 | 1,951,290 |
Par | |||
Municipal Bonds | (000) | Value | |
Texas (concluded) | |||
Harris County Health Facilities | |||
Development Corp., Refunding RB, | |||
Memorial Hermann Healthcare | |||
System, B, 7.25%, 12/01/35 | $ 800 | $ 901,736 | |
Lower Colorado River Authority, RB, | |||
5.75%, 5/15/28 | 1,620 | 1,722,400 | |
North Texas Tollway Authority, RB, | |||
System, First Tier, Series K-1 (AGC), | |||
5.75%, 1/01/38 | 1,750 | 1,893,728 | |
Tarrant County Cultural Education | |||
Facilities Finance Corp., RB, | |||
Ascension Health Senior Credit Group, | |||
5.00%, 11/15/29 | 3,250 | 3,331,737 | |
Texas Private Activity Bond Surface | |||
Transportation Corp., RB, Senior Lien, | |||
Note Mobility, 6.88%, 12/31/39 | 3,600 | 3,760,992 | |
14,808,577 | |||
Utah 1.3% | |||
City of Riverton Utah, RB, IHC Health | |||
Services Inc., 5.00%, 8/15/41 | 2,370 | 2,410,361 | |
Virginia 1.0% | |||
Virginia Public School Authority, RB, | |||
School Financing, 6.50%, 12/01/35 | 1,700 | 1,964,741 | |
Wyoming 1.3% | |||
County of Sweetwater Wyoming, | |||
Refunding RB, Idaho Power Co. | |||
Project, 5.25%, 7/15/26 | 2,430 | 2,569,093 | |
Total Municipal Bonds 101.9% 194,912,139 | |||
Municipal Bonds Transferred to Tender | |||
Option Bond Trusts (a) | |||
California 15.3% | |||
Bay Area Toll Authority, Refunding RB, | |||
San Francisco Bay Area, Series F-1, | |||
5.63%, 4/01/44 | 2,680 | 2,918,354 | |
California Educational Facilities | |||
Authority, RB, University of Southern | |||
California, Series A, 5.25%, 10/01/18 | 4,200 | 4,503,744 | |
Los Angeles Community College District | |||
California, GO, Election of 2008, | |||
Series A, 6.00%, 8/01/33 | 7,697 | 8,630,287 | |
Los Angeles Unified School District | |||
California, GO, Series I, 5.00%, | |||
1/01/34 | 790 | 803,904 | |
San Diego Public Facilities Financing | |||
Authority, Refunding RB, Series B, | |||
5.50%, 8/01/39 | 8,412 | 9,029,606 | |
University of California, RB, Series O, | |||
5.75%, 5/15/34 | 3,000 | 3,368,370 | |
29,254,265 |
BLACKROCK MUNIYIELD INVESTMENT FUND
APRIL 30, 2010
3
Schedule of Investments (continued)
BlackRock MuniYield Investment Fund (MYF)
(Percentages shown are based on Net Assets)
Municipal Bonds Transferred to Tender | Par | ||
Option Bond Trusts (a) | (000) | Value | |
Colorado 1.2% | |||
Colorado Health Facilities Authority, | |||
Refunding RB, Catholic Healthcare, | |||
Series A, 5.50%, 7/01/34 | $ 2,149 | $ 2,279,504 | |
District of Columbia 3.6% | |||
District of Columbia, RB, Series A, | |||
5.50%, 12/01/30 | 2,805 | 3,149,061 | |
District of Columbia Water & Sewer | |||
Authority, RB, Series A, 5.50%, | |||
10/01/39 | 3,507 | 3,786,820 | |
6,935,881 | |||
Florida 10.0% | |||
City of Jacksonville Florida, RB, Better | |||
Jacksonville (NPFGC), 5.00%, | |||
10/01/27 | 2,700 | 2,766,312 | |
Hillsborough County Aviation Authority, | |||
RB, Series A, AMT (AGC), 5.50%, | |||
10/01/38 | 3,869 | 3,918,108 | |
Lee County Housing Finance Authority, | |||
RB, Multi-County Program, Series A-2, | |||
AMT (GNMA), 6.00%, 9/01/40 | 1,830 | 1,981,597 | |
Manatee County Housing Finance | |||
Authority, RB, Series A, AMT (GNMA), | |||
5.90%, 9/01/40 | 1,131 | 1,176,766 | |
South Broward Hospital District, RB, | |||
Hospital (NPFGC), 5.63%, 5/01/32 (b) | 8,500 | 9,351,955 | |
19,194,738 | |||
Illinois 4.2% | |||
Illinois Finance Authority, RB, University | |||
of Chicago, Series B, 6.25%, 7/01/38 | 5,300 | 6,119,751 | |
Illinois State Toll Highway Authority, RB, | |||
Series B, 5.50%, 1/01/33 | 1,750 | 1,901,019 | |
8,020,770 | |||
Nevada 6.2% | |||
Clark County Water Reclamation | |||
District, GO: | |||
Limited Tax, 6.00%, 7/01/38 | 5,000 | 5,598,250 | |
Series B, 5.50%, 7/01/29 | 5,668 | 6,219,504 | |
11,817,754 | |||
New Hampshire 1.2% | |||
New Hampshire Health & Education | |||
Facilities Authority, Refunding RB, | |||
Dartmouth College, 5.25%, 6/01/39 | 2,159 | 2,343,989 | |
New Jersey 1.2% | |||
New Jersey State Housing & Mortgage | |||
Finance Agency, RB, S/F Housing, | |||
Series CC, 5.25%, 10/01/29 | 2,291 | 2,361,267 | |
New York 1.5% | |||
New York City Municipal Water Finance | |||
Authority, RB, Series FF-2, 5.50%, | |||
6/15/40 | 2,504 | 2,785,041 |
Municipal Bonds Transferred to Tender | Par | |
Option Bond Trusts (a) | (000) | Value |
Ohio 1.7% | ||
County of Allen Ohio, JP Morgan Chase | ||
PUTTERS/DRIVERS Trust, Refunding | ||
RB, Series 3692Z, 9.00%, | ||
6/01/38 (c) | $ 3,120 | $ 3,203,429 |
South Carolina 1.8% | ||
South Carolina State Public Service | ||
Authority, RB, Santee Cooper, | ||
Series A, 5.50%, 1/01/38 | 3,240 | 3,528,490 |
Texas 5.2% | ||
City of San Antonio Texas, Refunding | ||
RB, Series A, 5.25%, 2/01/31 | 3,989 | 4,347,953 |
Harris County Cultural Education | ||
Facilities Finance Corp., RB, Hospital, | ||
Texas Children's Hospital Project, | ||
5.50%, 10/01/39 | 5,400 | 5,617,080 |
9,965,033 | ||
Virginia 1.0% | ||
Fairfax County IDA Virginia, Refunding | ||
RB, Health Care, Inova Health System, | ||
Series A, 5.50%, 5/15/35 | 1,749 | 1,852,202 |
Wisconsin 1.8% | ||
Wisconsin Health & Educational | ||
Facilities Authority, Refunding RB, | ||
Froedtert & Community Health Inc., | ||
5.25%, 4/01/39 | 3,289 | 3,369,124 |
Total Municipal Bonds Transferred to | ||
Tender Option Bond Trusts 55.9% | 106,911,487 | |
Total Long-Term Investments | ||
(Cost $288,215,986) 157.8% 301,823,626 | ||
Short-Term Securities | Shares | |
FFI Institutional Tax-Exempt Fund, | ||
0.25% (d)(e) | 3,518,610 | 3,518,610 |
Total Short-Term Securities | ||
(Cost $3,518,610) 1.8% | 3,518,610 | |
Total Investments | ||
(Cost $291,734,596*) 159.6% | 305,342,236 | |
Other Assets Less Liabilities 0.9% | 1,684,104 | |
Liability for Trust Certificates, Including Interest | ||
Expense and Fees Payable (29.4)% | (56,282,189) | |
Preferred Shares, at Redemption Value (31.1)% | (59,481,098) | |
Net Assets Applicable to Common Shares 100.0% $ | 191,263,053 |
4 BLACKROCK MUNIYIELD INVESTMENT FUND
APRIL 30, 2010
Schedule of Investments (concluded)
BlackRock MuniYield Investment Fund (MYF)
* The cost and unrealized appreciation (depreciation) of investments as of
April 30, 2010, as computed for federal income tax purposes, were as
follows:
Aggregate cost | $ 236,711,512 |
Gross unrealized appreciation | $ 14,907,404 |
Gross unrealized depreciation | (2,521,329) |
Net unrealized appreciation | $ 12,386,075 |
(a) Securities represent bonds transferred to a tender option bond trust in
exchange for which the Fund acquired residual interest certificates.
These securities serve as collateral in a financing transaction.
(b) US 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. Unsettled when-issued transactions were as
follows:
Unrealized | ||
Counterparty | Value | Appreciation |
JP Morgan Securities | $ 1,643,429 | $ 28,833 |
(d) Investments in companies considered to be an affiliate of the Fund
during the period, for purposes of Section 2(a)(3) of the Investment
Company Act of 1940, were as follows:
Shares | Shares | |||
Held at | Held at | |||
July 31, | Net | April 30, | ||
Affiliate | 2009 | Activity | 2010 | Income |
FFI Institutional | ||||
Tax-Exempt Fund | 1,400,051 | 2,118,559 | 3,518,610 $ 9,944 | |
(e) Represents the current yield as of report date. |
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
assets and liabilities
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)
The inputs or methodologies used for valuing securities are not necessarily
an indication of the risk associated with investing in those securities. For
information about the Fund's 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, 2010 in
determining the fair valuation of the Fund's investments:
Investments in Securities | |||||
Valuation Inputs | Level 1 | Level 2 | Level 3 | Total | |
Assets: | |||||
Long-Term | |||||
Investments1 | -- | $ 301,823,626 | -- | $ 301,823,626 | |
Short-Term | |||||
Securities | $ 3,518,610 | -- | -- | 3,518,610 | |
Total | $ 3,518,610 | $ 301,823,626 | -- | $ 305,342,236 |
1See above Schedule of Investments for values in each state or political
subdivision.
BLACKROCK MUNIYIELD INVESTMENT FUND
APRIL 30, 2010
5
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 Investment Fund
By: /s/ Anne F. Ackerley
Anne F. Ackerley
Chief Executive Officer of
BlackRock MuniYield Investment Fund
Date: June 28, 2010
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/ Anne F. Ackerley
Anne F. Ackerley
Chief Executive Officer (principal executive officer) of
BlackRock MuniYield Investment Fund
Date: June 28, 2010
By: /s/ Neal J. Andrews
Neal J. Andrews
Chief Financial Officer (principal financial officer) of
BlackRock MuniYield Investment Fund
Date: June 28, 2010