BlackRock Corporate High Yield Fund
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: 811-21318
Name of Fund: BlackRock Corporate High Yield Fund, Inc. (HYT)
Fund Address: 100 Bellevue Parkway, Wilmington, DE 19809
Name and address of agent for service: John M. Perlowski, Chief Executive Officer, BlackRock Corporate High Yield Fund, Inc.,
55 East 52nd Street, New York, NY 10055
Registrants telephone number, including area code:
(800) 882-0052, Option 4
Date of fiscal year end: 08/31/2018
Date of reporting period: 05/31/2018
Item 1 Schedule of Investments
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|
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Consolidated Schedule of Investments (unaudited)
May 31, 2018 |
|
BlackRock Corporate High Yield Fund, Inc. (HYT)
(Percentages shown are based on Net Assets) |
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Security |
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Shares |
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Value |
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Common Stocks 3.1% |
|
|
Auto Components 0.0% |
|
Lear Corp. |
|
|
|
|
|
|
227 |
|
|
$ |
44,946 |
|
|
|
|
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|
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Chemicals 0.4% |
|
Advanced Emissions Solutions, Inc. |
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|
|
|
|
|
168,580 |
|
|
|
1,869,552 |
|
Platform Specialty Products Corp.(a) |
|
|
|
|
|
|
369,073 |
|
|
|
4,451,021 |
|
|
|
|
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|
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|
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|
|
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|
|
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|
|
|
|
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6,320,573 |
|
Consumer Finance 0.0% |
|
Ally Financial, Inc. |
|
|
|
|
|
|
2 |
|
|
|
51 |
|
|
|
|
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|
|
|
|
|
|
|
|
|
Diversified Financial Services 0.9% |
|
Concrete Investments II S.C.A.(b) |
|
|
|
|
|
|
4,997 |
|
|
|
|
|
Kcad Holdings I Ltd.(a)(b) |
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|
|
|
|
|
2,223,465,984 |
|
|
|
13,451,969 |
|
|
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|
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|
|
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|
|
|
|
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|
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|
13,451,969 |
|
Energy Equipment & Services 0.1% |
|
Laricina Energy Ltd.(b)(q) |
|
|
|
|
|
|
211,764 |
|
|
|
2 |
|
Osum Oil Sands Corp.(b)(q) |
|
|
|
|
|
|
400,000 |
|
|
|
971,772 |
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|
|
|
|
|
|
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|
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|
|
|
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|
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|
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|
971,774 |
|
Health Care Providers & Services 0.2% |
|
Tenet Healthcare Corp.(a) |
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|
|
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|
|
44,760 |
|
|
|
1,585,847 |
|
Universal Health Services, Inc., Class B |
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|
|
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|
13,160 |
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|
1,513,137 |
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|
|
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3,098,984 |
|
Hotels, Restaurants & Leisure 0.1% |
|
The Stars Group, Inc.(a) |
|
|
|
|
|
|
48,050 |
|
|
|
1,626,866 |
|
|
|
|
|
|
|
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|
|
|
|
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|
IT Services 0.2% |
|
First Data Corp., Class A(a) |
|
|
|
|
|
|
135,954 |
|
|
|
2,583,126 |
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|
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|
|
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Machinery 0.0% |
|
Gates Industrial Corp. PLC(a) |
|
|
|
|
|
|
18,410 |
|
|
|
273,573 |
|
|
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|
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|
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Media 0.1% |
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Altice USA, Inc., Class A(a) |
|
|
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|
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|
87,736 |
|
|
|
1,716,116 |
|
Emmis Communications Corp., Class A(a) |
|
|
|
|
|
|
7,210 |
|
|
|
39,006 |
|
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|
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|
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|
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|
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1,755,122 |
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Metals & Mining 0.2% |
|
Constellium NV, Class A(a) |
|
|
|
|
|
|
261,478 |
|
|
|
3,176,958 |
|
Peninsula Energy Ltd.(a) |
|
|
|
|
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1,361,116 |
|
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|
247,042 |
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3,424,000 |
|
Oil, Gas & Consumable Fuels 0.5% |
|
Gener8 Maritime, Inc.(a) |
|
|
|
|
|
|
965,338 |
|
|
|
6,448,458 |
|
Halcon Resources Corp. (Acquired 04/06/17, cost
$812,363)(a)(p) |
|
|
|
|
|
|
112,050 |
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|
542,322 |
|
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6,990,780 |
|
Real Estate Investment Trusts (REITs) 0.2% |
|
Gaming and Leisure Properties, Inc. |
|
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57,580 |
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2,021,058 |
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Security |
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Shares |
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|
Value |
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Semiconductors & Semiconductor Equipment 0.0% |
|
SunPower Corp.(a) |
|
|
|
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|
1,025 |
|
|
$ |
8,600 |
|
|
|
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Wireless Telecommunication Services 0.2% |
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T-Mobile U.S.,
Inc.(a) |
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59,550 |
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3,316,935 |
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Total Common Stocks 3.1% (Cost $82,035,430) |
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45,888,357 |
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Par (000) |
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Asset-Backed Securities 4.4% |
|
Accunia European CLO I BV, Series 1X, Class E, (3 mo. Euribor + 7.00%), 7.00%, 07/15/29(c) |
|
|
EUR |
|
|
|
1,400 |
|
|
|
1,650,555 |
|
Allegro CLO II Ltd., Series 2014-1A, Class CR, (3 mo. LIBOR US
+ 3.85%), 6.21%, 01/21/27(c)(d) |
|
|
USD |
|
|
|
1,000 |
|
|
|
1,001,185 |
|
Allegro CLO VI Ltd., Series 2017-2A, Class D, 4.48%, 01/17/31(d)(e) |
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450 |
|
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|
450,580 |
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ALM Loan Funding(c)(d): |
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Series 2013-7R2A, Class BR, (3 mo. LIBOR US + 2.75%), 5.10%, 10/15/27 |
|
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|
500 |
|
|
|
502,282 |
|
Series 2013-8A, Class CR, (3 mo. LIBOR US + 3.95%),
6.30%, 10/15/28 |
|
|
|
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|
|
1,400 |
|
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|
1,407,157 |
|
ALM VII R Ltd., Series 2013-7RA, Class BR, (3 mo. LIBOR US
+ 2.70%), 5.05%, 10/15/28(c)(d) |
|
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|
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|
500 |
|
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|
507,092 |
|
ALM XVI Ltd/ALM XVI LLC, Series 2015-16A(c)(d): |
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Class BR, (3 mo. LIBOR US + 1.00%), 4.40%, 07/15/27 |
|
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|
590 |
|
|
|
590,448 |
|
Class C1R, (3 mo. LIBOR US + 3.20%), 5.55%, 07/15/27 |
|
|
|
|
|
|
742 |
|
|
|
743,061 |
|
AMMC CLO 18 Ltd., Series 2016-18A, Class D, (3 mo. LIBOR US
+ 5.00%), 7.32%, 05/26/28(c)(d) |
|
|
|
|
|
|
500 |
|
|
|
500,158 |
|
AMMC CLO 19 Ltd., Series 2016-19A, Class C, (3 mo. LIBOR US
+ 2.80%), 5.15%, 10/15/28(c)(d) |
|
|
|
|
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|
413 |
|
|
|
414,773 |
|
Anchorage Capital CLO Ltd.(d): |
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Series 2014-3RA, Class D, 4.96%, 01/28/31(e) |
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500 |
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|
497,819 |
|
Series 2014-4RA, Class D, 4.96%, 01/28/31(e) |
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|
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|
1,000 |
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|
995,637 |
|
Series 2016-8A, Class D, (3 mo. LIBOR US + 4.20%), 6.56%,
07/28/28(c) |
|
|
|
|
|
|
1,000 |
|
|
|
1,004,133 |
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Consolidated Schedule of Investments (unaudited) (continued)
May 31, 2018 |
|
BlackRock Corporate High Yield Fund, Inc. (HYT)
(Percentages shown are based on Net Assets) |
|
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Security |
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Par (000) |
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Value |
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Asset-Backed Securities (continued) |
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Apidos CLO XV, Series 2013-15A, Class CRR, 4.21%, 04/20/31(d)(e) |
|
|
USD |
|
|
|
500 |
|
|
$ |
499,508 |
|
Apidos CLO XVIII, Series 2014-18A, Class CR, (3 mo. LIBOR
US + 3.25%), 5.61%, 07/22/26(c)(d) |
|
|
|
|
|
|
550 |
|
|
|
550,799 |
|
Apidos CLO XX, Series 2015-20A, Class BR, (3 mo. LIBOR US
+ 2.60%), 4.95%, 01/16/27(c)(d) |
|
|
|
|
|
|
250 |
|
|
|
250,247 |
|
Apidos CLO XXIII, Series 2015-23A, Class D2, (3 mo. LIBOR
US + 5.95%), 8.30%, 01/15/27(c)(d) |
|
|
|
|
|
|
750 |
|
|
|
750,412 |
|
Ares XXVII CLO Ltd., Series 2013-2A, Class DR, (3 mo. LIBOR
US + 3.75%), 6.11%, 07/28/29(c)(d) |
|
|
|
|
|
|
500 |
|
|
|
505,713 |
|
Ares XXVIII CLO Ltd., Series 2013-3A, Class DR, (3 mo. LIBOR US
+ 3.25%), 5.60%, 10/17/24(c)(d) |
|
|
|
|
|
|
350 |
|
|
|
350,415 |
|
Ares XXXIII CLO Ltd., Series 2015-1A, Class CR, (3 mo. LIBOR US
+ 4.20%), 6.22%, 12/05/25(c)(d) |
|
|
|
|
|
|
1,000 |
|
|
|
1,012,482 |
|
Ares XXXIIR CLO Ltd., Series
2014-32RA(b)(d)(e): |
|
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|
|
|
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|
|
|
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Class B, 4.16%, 05/15/30 |
|
|
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|
|
500 |
|
|
|
500,000 |
|
Class C, 5.26%, 05/15/30 |
|
|
|
|
|
|
500 |
|
|
|
496,875 |
|
Ares XXXVII CLO Ltd., Series 2015-4A(d)(e): |
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Class CR, 5.00%, 10/15/30 |
|
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|
1,000 |
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|
997,330 |
|
Class DR, 8.50%, 10/15/30 |
|
|
|
|
|
|
500 |
|
|
|
510,952 |
|
Atlas Senior Loan Fund X Ltd., Series 2018-10A(d)(e): |
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|
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Class B, 3.85%, 01/15/31 |
|
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|
400 |
|
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|
400,783 |
|
Class C, 4.20%, 01/15/31 |
|
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|
625 |
|
|
|
622,044 |
|
Class D, 5.10%, 01/15/31 |
|
|
|
|
|
|
500 |
|
|
|
495,538 |
|
Aurium CLO II DAC, Series 2X, Class E, (3 mo. Euribor + 5.95%), 5.95%, 07/13/29(c) |
|
|
EUR |
|
|
|
2,024 |
|
|
|
2,367,035 |
|
Ballyrock CLO Ltd., Series 2016-1A, Class C, (3 mo. LIBOR US
+ 2.70%), 5.05%, 10/15/28(c)(d) |
|
|
USD |
|
|
|
1,000 |
|
|
|
1,004,358 |
|
Betony CLO Ltd., Series 2015-1A, Class CR, (3 mo. LIBOR US
+ 2.85%), 5.20%, 04/15/27(c)(d) |
|
|
|
|
|
|
250 |
|
|
|
250,572 |
|
Cairn CLO VII BV, Series 2016-7X, Class E, (3 mo. Euribor +
6.35%), 6.35%, 01/31/30(c) |
|
|
EUR |
|
|
|
900 |
|
|
|
1,077,609 |
|
Carlyle Global Market Strategies CLO Ltd.(d): |
|
|
|
|
|
|
|
|
|
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|
|
Series 2012-4A, Class DR, (3 mo. LIBOR US + 4.10%), 6.46%,
01/20/29(c) |
|
|
USD |
|
|
|
500 |
|
|
|
505,966 |
|
Series 2015-3A, Class D, 8.06%, 07/28/28(e) |
|
|
|
|
|
|
500 |
|
|
|
500,270 |
|
|
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Security |
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Par (000) |
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|
Value |
|
Asset-Backed Securities (continued) |
|
Series 2016-3A, Class D, (3 mo. LIBOR US + 7.00%), 9.36%,
10/20/29(c) |
|
|
USD |
|
|
|
500 |
|
|
$ |
507,519 |
|
Series 2017-1A, Class D, (3 mo. LIBOR US + 6.00%), 8.36%,
04/20/31(c) |
|
|
|
|
|
|
500 |
|
|
|
508,581 |
|
Carlyle US CLO Ltd., Series 2017-2A, Class C, (3 mo. LIBOR US
+ 3.70%), 6.06%, 07/20/31(c)(d) |
|
|
|
|
|
|
500 |
|
|
|
505,645 |
|
Cedar Funding Ltd., Series 2017-8A, Class D, 5.60%, 10/17/30(d)(e) |
|
|
|
|
|
|
535 |
|
|
|
536,856 |
|
Cent CLO 17 Ltd., Series C17A(b)(d)(e): |
|
|
|
|
|
|
|
|
|
|
|
|
Class BR, 4.20%, 04/30/31 |
|
|
|
|
|
|
500 |
|
|
|
499,000 |
|
Class DR, 8.35%, 04/30/31 |
|
|
|
|
|
|
750 |
|
|
|
749,625 |
|
CIFC Funding I Ltd., Series 2017-1A, Class D, (3 mo. LIBOR US
+ 3.50%), 5.86%, 04/23/29(c)(d) |
|
|
|
|
|
|
500 |
|
|
|
503,822 |
|
CIFC Funding Ltd.(d)(e): |
|
|
|
|
|
|
|
|
|
|
|
|
Series 2014-2A, Class A3LRSeries
2018-1A, Class C, 3.91%, 04/18/31 |
|
|
|
|
|
|
500 |
|
|
|
497,358 |
|
Series 2014-2RA, Class A3, 4.01%, 04/24/30 |
|
|
|
|
|
|
500 |
|
|
|
500,000 |
|
Series 2018-1A, Class B, 3.56%, 04/18/31 |
|
|
|
|
|
|
435 |
|
|
|
431,508 |
|
CIFC Funding V Ltd., Series 2014-5A, Class CR, (3 mo. LIBOR US
+ 2.70%), 5.05%, 01/17/27(c)(d) |
|
|
|
|
|
|
750 |
|
|
|
750,484 |
|
Dryden 37 Senior Loan Fund, Series 2015-37A, Class DR, 4.22%,
01/15/31(d)(e) |
|
|
|
|
|
|
500 |
|
|
|
489,743 |
|
Dryden Senior Loan Fund(c)(d): |
|
|
|
|
|
|
|
|
|
|
|
|
Series 2014-36A, Class DR, (3 mo. LIBOR US + 4.24%), 6.59%,
01/15/28 |
|
|
|
|
|
|
1,500 |
|
|
|
1,518,274 |
|
Series 2017-50A, Class C, (3 mo. LIBOR US + 2.25%), 4.60%,
07/15/30 |
|
|
|
|
|
|
500 |
|
|
|
503,108 |
|
Galaxy XXVII CLO Ltd., Series 2018-27A, Class D, 5.10%, 05/16/31(b)(d)(e) |
|
|
|
|
|
|
500 |
|
|
|
496,250 |
|
Goldentree Loan Management US Clo 3 Ltd., Series 2018-3A,
Class C, 4.34%, 04/20/30(d)(e) |
|
|
|
|
|
|
550 |
|
|
|
550,000 |
|
Greenwood Park CLO Ltd., Series 2018-1A, Class D, 4.53%,
04/15/31(b)(d)(e) |
|
|
|
|
|
|
500 |
|
|
|
495,000 |
|
|
|
|
Consolidated Schedule of Investments (unaudited) (continued)
May 31, 2018 |
|
BlackRock Corporate High Yield Fund, Inc. (HYT)
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
Par (000) |
|
|
Value |
|
Asset-Backed Securities (continued) |
|
Highbridge Loan Management Ltd. (d): |
|
|
|
|
|
|
|
|
|
|
|
|
Series 12A-18, Class B, 1.00%, 07/18/31(e)(f) |
|
|
USD |
|
|
|
750 |
|
|
$ |
750,000 |
|
Series 4A-2014, Class A2R, 3.86%, 01/28/30(e) |
|
|
|
|
|
|
500 |
|
|
|
501,494 |
|
Series 5A-2015, Class C1R, (3 mo. LIBOR US + 2.10%), 4.46%,
01/29/26(c) |
|
|
|
|
|
|
500 |
|
|
|
500,292 |
|
Series 5A-2015, Class D1R, (3 mo. LIBOR US + 3.30%), 5.66%,
01/29/26(c) |
|
|
|
|
|
|
500 |
|
|
|
500,439 |
|
Series 5A-2015, Class D2R, (3 mo. LIBOR US + 3.30%), 5.66%,
01/29/26(c) |
|
|
|
|
|
|
500 |
|
|
|
500,439 |
|
Series 7A-2015, Class CR, 4.04%, 03/15/27(e) |
|
|
|
|
|
|
1,600 |
|
|
|
1,594,671 |
|
HPS Loan Management Ltd., Series 9A-2016, Class D2, (3 mo. LIBOR
US + 6.45%), 8.81%, 07/19/27(c)(d) |
|
|
|
|
|
|
800 |
|
|
|
804,906 |
|
LCM XV LP, Series 15A, Class CR, (3 mo. LIBOR US + 2.40%), 4.76%, 07/20/30(c)(d) |
|
|
|
|
|
|
500 |
|
|
|
503,009 |
|
Madison Park Funding XIII Ltd., Series 2014-13A,
Class CR2, 4.26%, 04/19/30(b)(d)(e) |
|
|
|
|
|
|
500 |
|
|
|
500,000 |
|
Madison Park Funding XIV Ltd., Series 2014-14A, Class DR, (3 mo.
LIBOR US + 3.25%), 5.61%, 07/20/26(c)(d) |
|
|
|
|
|
|
500 |
|
|
|
500,462 |
|
Madison Park Funding XV Ltd., Series 2014-15A, Class CR, (3 mo.
LIBOR US + 3.45%), 5.82%, 01/27/26(c)(d) |
|
|
|
|
|
|
500 |
|
|
|
500,836 |
|
Madison Park Funding XVI Ltd., Series 2015-16A, Class D, (3 mo.
LIBOR US + 5.50%), 7.86%, 04/20/26(c)(d) |
|
|
|
|
|
|
500 |
|
|
|
501,190 |
|
Madison Park Funding XXV Ltd., Series 2017-25A, Class B, (3 mo.
LIBOR US + 2.35%), 4.71%, 04/25/29(c)(d) |
|
|
|
|
|
|
550 |
|
|
|
551,301 |
|
Mill Creek II CLO Ltd., Series 2016-1A, Class E, (3 mo. LIBOR US
+ 7.75%), 10.11%, 04/20/28(c)(d) |
|
|
|
|
|
|
500 |
|
|
|
500,914 |
|
Neuberger Berman CLO XVI-S Ltd., Series 2017-16SA, Class D,
4.85%, 01/15/28(d)(e) |
|
|
|
|
|
|
500 |
|
|
|
500,285 |
|
Neuberger Berman CLO XVII Ltd., Series 2014-17A, Class DR, (3
mo. LIBOR US + 3.65%), 6.01%, 04/22/29(c)(d) |
|
|
|
|
|
|
500 |
|
|
|
504,093 |
|
Neuberger Berman CLO XVIII Ltd., Series 2014-18A(c)(d): |
|
|
|
|
|
|
|
|
|
|
|
|
Class BR, (3 mo. LIBOR US + 2.55%), 4.91%, 11/14/27 |
|
|
|
|
|
|
500 |
|
|
|
501,961 |
|
Class CR, (3 mo. LIBOR US + 4.25%), 6.61%, 11/14/27 |
|
|
|
|
|
|
1,500 |
|
|
|
1,512,957 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
Par (000) |
|
|
Value |
|
Asset-Backed Securities (continued) |
|
OCP CLO Ltd., Series 2015-8A, Class CR, 5.15%, 04/17/27(d)(e) |
|
|
USD |
|
|
|
250 |
|
|
$ |
250,492 |
|
Octagon Investment Partners Ltd.(d): |
|
|
|
|
|
|
|
|
|
|
|
|
Series 2013-1A, Class A1R2, 2.98%, 01/25/31(e) |
|
|
|
|
|
|
1,500 |
|
|
|
1,501,565 |
|
Series 2013-1A, Class BR2, 3.38%, 01/25/31(e) |
|
|
|
|
|
|
500 |
|
|
|
499,015 |
|
Series 2013-1A, Class CR2, 3.68%, 01/25/31(e) |
|
|
|
|
|
|
750 |
|
|
|
749,547 |
|
Series 2016-1A, Class D, (3 mo. LIBOR US + 4.95%), 7.30%,
04/15/27(c) |
|
|
|
|
|
|
500 |
|
|
|
500,619 |
|
Octagon Investment Partners XXII Ltd., Series 2014-1A,
Class DRR, 5.11%, 01/22/30(d)(e) |
|
|
|
|
|
|
1,000 |
|
|
|
993,850 |
|
Octagon Investment Partners XXVII Ltd., Series 2016-1A, Class E,
(3 mo. LIBOR US + 7.10%), 9.45%, 07/15/27(c)(d) |
|
|
|
|
|
|
1,000 |
|
|
|
1,006,182 |
|
Octagon Investment Partners XXXII Ltd., Series 2017-1A, Class E,
8.55%, 07/15/29(d)(e) |
|
|
|
|
|
|
500 |
|
|
|
509,327 |
|
OneMain Financial Issuance Trust, Series 2015-2A, Class C,
4.32%, 07/18/25(d) |
|
|
|
|
|
|
200 |
|
|
|
199,601 |
|
OZLM IX Ltd., Series 2014-9A Class CR, (3 mo. LIBOR US +
3.55%), 5.91%, 01/20/27(c)(d) |
|
|
|
|
|
|
1,000 |
|
|
|
1,001,306 |
|
OZLM VI Ltd., Series 2014-6A(d)(e): |
|
|
|
|
|
|
|
|
|
|
|
|
Class B1S, 4.45%, 04/17/31 |
|
|
|
|
|
|
500 |
|
|
|
500,677 |
|
Class CS, 5.48%, 04/17/31 |
|
|
|
|
|
|
500 |
|
|
|
497,632 |
|
OZLM XIX Ltd., Series 2017-19A, Class C, 5.45%, 11/22/30(d)(e) |
|
|
|
|
|
|
500 |
|
|
|
500,411 |
|
OZLM XX Ltd., Series 2018-20A(b)(d)(e): |
|
|
|
|
|
|
|
|
|
|
|
|
Class B, 4.11%, 04/20/31 |
|
|
|
|
|
|
500 |
|
|
|
500,000 |
|
Class C, 5.11%, 04/20/31 |
|
|
|
|
|
|
750 |
|
|
|
750,000 |
|
OZLME III DAC, Series 3X, Class E, 4.80%,
08/24/30(e) |
|
|
EUR |
|
|
|
200 |
|
|
|
230,617 |
|
Palmer Square CLO Ltd., Series 2014-1A, Class BR2, 4.20%,
01/17/31(d)(e) |
|
|
USD |
|
|
|
500 |
|
|
|
497,654 |
|
Rockford Tower CLO Ltd., Series 2018-1A(d)(e): |
|
|
|
|
|
|
|
|
|
|
|
|
Class B, 3.98%, 05/20/31 |
|
|
|
|
|
|
600 |
|
|
|
600,000 |
|
Class D, 5.26%, 05/20/31 |
|
|
|
|
|
|
500 |
|
|
|
500,000 |
|
Sound Point CLO III Ltd., Series 2013-2RA, Class C, 4.25%,
04/15/29(b)(d)(e) |
|
|
|
|
|
|
500 |
|
|
|
500,000 |
|
Stewart Park CLO Ltd., Series 2015-1A, Class DR, 4.95%, 01/15/30(d)(e) |
|
|
|
|
|
|
1,000 |
|
|
|
994,536 |
|
|
|
|
Consolidated Schedule of Investments (unaudited) (continued)
May 31, 2018 |
|
BlackRock Corporate High Yield Fund, Inc. (HYT)
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
Par (000) |
|
|
Value |
|
Asset-Backed Securities (continued) |
|
Symphony CLO XII Ltd., Series 2013-12A, Class DR, (3 mo. LIBOR
US + 3.25%), 5.60%, 10/15/25(c)(d) |
|
|
USD |
|
|
|
1,000 |
|
|
$ |
1,001,206 |
|
Venture XXVI CLO Ltd., Series 2017-26A, Class D, (3 mo. LIBOR US
+ 4.25%), 6.61%, 01/20/29(c)(d) |
|
|
|
|
|
|
750 |
|
|
|
761,445 |
|
Voya CLO Ltd.(d): |
|
|
|
|
|
|
|
|
|
|
|
|
Series 2014-1A, Class BR2, 4.26%, 04/18/31(e) |
|
|
|
|
|
|
500 |
|
|
|
499,932 |
|
Series 2016-3A, Class C, (3 mo. LIBOR US + 3.85%), 6.21%,
10/18/27(c) |
|
|
|
|
|
|
1,000 |
|
|
|
1,005,840 |
|
Series 2016-3A, Class D, (3 mo. LIBOR US + 6.85%), 9.21%,
10/18/27(c) |
|
|
|
|
|
|
500 |
|
|
|
507,128 |
|
Westcott Park CLO Ltd., Series 2016-1A(c)(d): |
|
|
|
|
|
|
|
|
|
|
|
|
Class D, (3 mo. LIBOR US + 4.35%), 6.71%, 07/20/28 |
|
|
|
|
|
|
500 |
|
|
|
510,663 |
|
Class E, (3 mo. LIBOR US + 7.20%), 9.56%, 07/20/28 |
|
|
|
|
|
|
500 |
|
|
|
517,681 |
|
York CLO Ltd., Series 2016-1A, Class DR, (3 mo. LIBOR US +
3.60%), 5.96%, 10/20/29(c)(d) |
|
|
|
|
|
|
500 |
|
|
|
504,120 |
|
York CLO-3 Ltd., Series
2016-1A, Class ER, (3 mo. LIBOR US + 6.40%), 8.76%, 10/20/29(c)(d) |
|
|
|
|
|
|
500 |
|
|
|
509,174 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Asset-Backed Securities 4.4% (Cost $63,917,158) |
|
|
|
64,786,030 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Corporate Bonds 114.2% |
|
|
Aerospace & Defense 3.8% |
|
Arconic, Inc.: |
|
|
|
|
|
|
|
|
|
|
|
|
6.15%, 08/15/20 |
|
|
USD |
|
|
|
1,540 |
|
|
|
1,609,454 |
|
5.87%, 02/23/22 |
|
|
|
|
|
|
705 |
|
|
|
736,796 |
|
5.13%, 10/01/24 |
|
|
|
|
|
|
4,924 |
|
|
|
4,942,465 |
|
5.90%, 02/01/27 |
|
|
|
|
|
|
2,564 |
|
|
|
2,593,742 |
|
6.75%, 01/15/28 |
|
|
|
|
|
|
689 |
|
|
|
731,488 |
|
BBA US Holdings, Inc., 5.38%, 05/01/26(d) |
|
|
|
|
|
|
1,733 |
|
|
|
1,737,333 |
|
Bombardier, Inc.(d): |
|
|
|
|
|
|
|
|
|
|
|
|
7.75%, 03/15/20 |
|
|
|
|
|
|
1,434 |
|
|
|
1,523,625 |
|
8.75%, 12/01/21 |
|
|
|
|
|
|
3,324 |
|
|
|
3,689,640 |
|
6.00%, 10/15/22 |
|
|
|
|
|
|
1,369 |
|
|
|
1,358,459 |
|
6.13%, 01/15/23 |
|
|
|
|
|
|
2,390 |
|
|
|
2,381,037 |
|
7.50%, 12/01/24 |
|
|
|
|
|
|
4,518 |
|
|
|
4,710,015 |
|
7.50%, 03/15/25 |
|
|
|
|
|
|
6,089 |
|
|
|
6,287,501 |
|
7.45%, 05/01/34 |
|
|
|
|
|
|
686 |
|
|
|
694,575 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
Par (000) |
|
|
Value |
|
Aerospace & Defense (continued) |
|
EnPro Industries, Inc., 5.88%, 09/15/22 |
|
|
USD |
|
|
|
978 |
|
|
$ |
1,000,005 |
|
KLX, Inc., 5.88%, 12/01/22(d) |
|
|
|
|
|
|
5,590 |
|
|
|
5,841,550 |
|
Koppers, Inc., 6.00%, 02/15/25(d) |
|
|
|
|
|
|
1,190 |
|
|
|
1,206,363 |
|
Kratos Defense & Security Solutions, Inc., 6.50%, 11/30/25(d) |
|
|
|
|
|
|
1,357 |
|
|
|
1,407,888 |
|
Pioneer Holdings LLC/Pioneer Finance Corp., 9.00%,
11/01/22(d) |
|
|
|
|
|
|
1,541 |
|
|
|
1,594,935 |
|
TDC A/S, 3.75%, 03/02/22 |
|
|
|
|
|
|
200 |
|
|
|
246,375 |
|
Telecom Italia SpA/Milano, 2.38%, 10/12/27 |
|
|
|
|
|
|
130 |
|
|
|
145,658 |
|
TransDigm UK Holdings PLC, 6.88%, 05/15/26(d) |
|
|
|
|
|
|
1,766 |
|
|
|
1,801,320 |
|
TransDigm, Inc.: |
|
|
|
|
|
|
|
|
|
|
|
|
6.00%, 07/15/22 |
|
|
|
|
|
|
5,638 |
|
|
|
5,715,522 |
|
6.50%, 07/15/24 |
|
|
|
|
|
|
3,082 |
|
|
|
3,143,640 |
|
6.50%, 05/15/25 |
|
|
|
|
|
|
430 |
|
|
|
436,192 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
55,535,578 |
|
Air Freight & Logistics 0.4% |
|
XPO Logistics, Inc., 6.50%, 06/15/22(d) |
|
|
|
|
|
|
5,442 |
|
|
|
5,572,608 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Airlines 0.3% |
|
US Airways Pass-Through Trust, Series 2013-1, Class B, 5.38%,
05/15/23 |
|
|
|
|
|
|
2,779 |
|
|
|
2,848,052 |
|
Virgin Australia Trust, Series 2013-1, Class C, 7.13%, 10/23/18(d) |
|
|
|
|
|
|
1,282 |
|
|
|
1,293,092 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4,141,144 |
|
Auto Components 1.1% |
|
Adient Global Holdings Ltd., 3.50%, 08/15/24 |
|
|
EUR |
|
|
|
456 |
|
|
|
520,016 |
|
Allison Transmission, Inc., 5.00%, 10/01/24(d) |
|
|
USD |
|
|
|
827 |
|
|
|
820,797 |
|
Faurecia, 3.63%, 06/15/23 |
|
|
EUR |
|
|
|
180 |
|
|
|
219,604 |
|
Fiat Chrysler Automobiles NV, 3.75%, 03/29/24 |
|
|
|
|
|
|
400 |
|
|
|
505,610 |
|
Fiat Chrysler Finance Europe, 4.75%, 07/15/22 |
|
|
|
|
|
|
367 |
|
|
|
478,952 |
|
Gestamp Funding Luxembourg SA, 3.50%, 05/15/23 |
|
|
|
|
|
|
100 |
|
|
|
119,879 |
|
GKN Holdings PLC, 3.38%, 05/12/32 |
|
|
GBP |
|
|
|
100 |
|
|
|
137,802 |
|
Goodyear Tire & Rubber Co., 5.00%, 05/31/26 |
|
|
USD |
|
|
|
471 |
|
|
|
446,273 |
|
HP Pelzer Holding GmbH, 4.13%, 04/01/24 |
|
|
EUR |
|
|
|
396 |
|
|
|
468,129 |
|
Icahn Enterprises LP/Icahn Enterprises Finance Corp.: |
|
|
|
|
|
|
|
|
|
|
|
|
6.00%, 08/01/20 |
|
|
USD |
|
|
|
140 |
|
|
|
142,625 |
|
|
|
|
Consolidated Schedule of Investments (unaudited) (continued)
May 31, 2018 |
|
BlackRock Corporate High Yield Fund, Inc. (HYT)
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
Par (000) |
|
|
Value |
|
Auto Components (continued) |
|
Icahn Enterprises LP/Icahn Enterprises Finance Corp. (continued): |
|
|
|
|
|
|
|
|
|
|
|
|
6.25%, 02/01/22 |
|
|
USD |
|
|
|
1,452 |
|
|
$ |
1,486,485 |
|
6.75%, 02/01/24 |
|
|
|
|
|
|
1,586 |
|
|
|
1,621,685 |
|
6.38%, 12/15/25 |
|
|
|
|
|
|
982 |
|
|
|
978,317 |
|
IHO Verwaltungs GmbH(g): |
|
|
|
|
|
|
|
|
|
|
|
|
(2.75% Cash or 3.50% PIK), 2.75%, 09/15/21 |
|
|
EUR |
|
|
|
262 |
|
|
|
311,785 |
|
(3.25% Cash or 4.00% PIK), 3.25%, 09/15/23 |
|
|
|
|
|
|
615 |
|
|
|
737,738 |
|
(3.75% Cash or 4.50% PIK), 3.75%, 09/15/26 |
|
|
|
|
|
|
225 |
|
|
|
273,670 |
|
(4.50% Cash or 5.25% PIK), 4.50%,
09/15/23(d) |
|
|
USD |
|
|
|
1,367 |
|
|
|
1,317,446 |
|
Jaguar Land Rover Automotive PLC, 2.20%, 01/15/24 |
|
|
EUR |
|
|
|
200 |
|
|
|
231,472 |
|
Schaeffler Finance BV, 4.75%, 05/15/23(d) |
|
|
USD |
|
|
|
1,440 |
|
|
|
1,449,432 |
|
Tesla, Inc., 5.30%, 08/15/25(d) |
|
|
|
|
|
|
3,044 |
|
|
|
2,640,670 |
|
Volvo Car AB, 2.00%, 01/24/25 |
|
|
EUR |
|
|
|
400 |
|
|
|
464,698 |
|
ZF North America Capital, Inc.: |
|
|
|
|
|
|
|
|
|
|
|
|
2.75%, 04/27/23 |
|
|
|
|
|
|
100 |
|
|
|
124,940 |
|
4.75%, 04/29/25(d) |
|
|
USD |
|
|
|
150 |
|
|
|
150,795 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
15,648,820 |
|
Banks 1.1% |
|
Allied Irish Banks PLC(5 year EUR Swap + 3.95%), 4.13%, 11/26/25(h) |
|
|
EUR |
|
|
|
710 |
|
|
|
873,071 |
|
Alpha Bank AE, 2.50%, 02/05/23 |
|
|
|
|
|
|
425 |
|
|
|
493,418 |
|
Banco BPM SpA, 1.75%, 04/24/23 |
|
|
|
|
|
|
280 |
|
|
|
307,514 |
|
Banco Espirito Santo SA, 4.00%,
01/21/19(a)(i) |
|
|
|
|
|
|
1,100 |
|
|
|
366,497 |
|
Banco Popolare, 2.75%, 07/27/20 |
|
|
|
|
|
|
800 |
|
|
|
938,888 |
|
Banco Popolare di Milano Scarl, 4.25%, 01/30/19 |
|
|
|
|
|
|
200 |
|
|
|
236,868 |
|
Bank of Ireland(5 year EUR Swap + 3.55%), 4.25%,
06/11/24(h) |
|
|
|
|
|
|
540 |
|
|
|
650,181 |
|
Bank of Ireland Group PLC, 3.13%,
09/19/27(e) |
|
|
GBP |
|
|
|
100 |
|
|
|
130,755 |
|
Bankia SA(h): |
|
|
|
|
|
|
|
|
|
|
|
|
(5 year EUR Swap + 3.17%), 4.00%, 05/22/24 |
|
|
EUR |
|
|
|
700 |
|
|
|
839,527 |
|
(5 year EUR Swap + 3.35%), 3.38%, 03/15/27 |
|
|
|
|
|
|
200 |
|
|
|
240,225 |
|
Barclays PLC: |
|
|
|
|
|
|
|
|
|
|
|
|
4.38%, 09/11/24 |
|
|
USD |
|
|
|
3,020 |
|
|
|
2,930,429 |
|
5.20%, 05/12/26 |
|
|
|
|
|
|
800 |
|
|
|
783,977 |
|
CaixaBank SA (h): |
|
|
|
|
|
|
|
|
|
|
|
|
(5 year EUR Swap + 3.35%), 3.50%, 02/15/27 |
|
|
EUR |
|
|
|
200 |
|
|
|
243,076 |
|
(5 year EUR Swap + 2.35%), 2.75%, 07/14/28 |
|
|
|
|
|
|
100 |
|
|
|
116,548 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
Par (000) |
|
|
Value |
|
Banks (continued) |
|
CIT Group, Inc.: |
|
|
|
|
|
|
|
|
|
|
|
|
5.00%, 08/15/22 |
|
|
USD |
|
|
|
278 |
|
|
$ |
282,518 |
|
5.00%, 08/01/23 |
|
|
|
|
|
|
404 |
|
|
|
408,040 |
|
5.25%, 03/07/25 |
|
|
|
|
|
|
1,136 |
|
|
|
1,153,040 |
|
6.13%, 03/09/28 |
|
|
|
|
|
|
634 |
|
|
|
648,265 |
|
6.00%, 04/01/36 |
|
|
|
|
|
|
2,800 |
|
|
|
2,618,000 |
|
Deutsche Pfandbriefbank AG, 4.60%, 02/22/27 |
|
|
EUR |
|
|
|
100 |
|
|
|
122,743 |
|
IKB Deutsche Industriebank AG, 4.00%,
01/31/28(e) |
|
|
|
|
|
|
200 |
|
|
|
232,001 |
|
Intesa Sanpaolo SpA, 6.63%, 09/13/23 |
|
|
|
|
|
|
956 |
|
|
|
1,301,024 |
|
National Bank of Greece SA, 2.75%, 10/19/50 |
|
|
|
|
|
|
355 |
|
|
|
421,225 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
16,337,830 |
|
Beverages 0.3% |
|
ARD Finance SA, (6.63% Cash or 7.38% PIK), 6.63%,
09/15/23(g) |
|
|
|
|
|
|
200 |
|
|
|
241,683 |
|
BWAY Holding Co., 7.25%, 04/15/25(d) |
|
|
USD |
|
|
|
2,217 |
|
|
|
2,176,872 |
|
Horizon Parent Holdings Sarl, (8.25% Cash or 9.00% PIK), 8.25%, 02/15/22(g) |
|
|
EUR |
|
|
|
350 |
|
|
|
427,605 |
|
OI European Group BV: |
|
|
|
|
|
|
|
|
|
|
|
|
4.00%, 03/15/23(d) |
|
|
USD |
|
|
|
1,624 |
|
|
|
1,526,560 |
|
3.13%, 11/15/24 |
|
|
EUR |
|
|
|
175 |
|
|
|
207,646 |
|
Silgan Holdings, Inc., 3.25%, 03/15/25 |
|
|
|
|
|
|
230 |
|
|
|
273,572 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4,853,938 |
|
Biotechnology 0.0% |
|
Senvion Holding GmbH, 3.88%, 10/25/22 |
|
|
|
|
|
|
301 |
|
|
|
303,947 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Building Materials 0.1% |
|
Jeld-Wen, Inc., 4.63%, 12/15/25(d) |
|
|
USD |
|
|
|
608 |
|
|
|
574,560 |
|
Titan Global Finance PLC: |
|
|
|
|
|
|
|
|
|
|
|
|
3.50%, 06/17/21 |
|
|
EUR |
|
|
|
400 |
|
|
|
485,156 |
|
2.38%, 11/16/24 |
|
|
|
|
|
|
346 |
|
|
|
384,857 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,444,573 |
|
Building Products 1.1% |
|
American Builders & Contractors Supply Co., Inc., 5.75%, 12/15/23(d) |
|
|
USD |
|
|
|
860 |
|
|
|
871,825 |
|
Beacon Escrow Corp., 4.88%, 11/01/25(d) |
|
|
|
|
|
|
2,829 |
|
|
|
2,602,680 |
|
BMBG Bond Finance SCA, 3.00%, 06/15/21 |
|
|
EUR |
|
|
|
225 |
|
|
|
266,317 |
|
Building Materials Corp. of America, 6.00%,
10/15/25(d) |
|
|
USD |
|
|
|
2,308 |
|
|
|
2,331,080 |
|
CPG Merger Sub LLC, 8.00%, 10/01/21(d) |
|
|
|
|
|
|
2,165 |
|
|
|
2,211,006 |
|
Jeld-Wen, Inc., 4.88%, 12/15/27(d) |
|
|
|
|
|
|
344 |
|
|
|
319,920 |
|
Masonite International Corp., 5.63%,
03/15/23(d) |
|
|
|
|
|
|
3,698 |
|
|
|
3,805,242 |
|
|
|
|
Consolidated Schedule of Investments (unaudited) (continued)
May 31, 2018 |
|
BlackRock Corporate High Yield Fund, Inc. (HYT)
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
Par (000) |
|
|
Value |
|
Building Products (continued) |
|
Standard Industries, Inc.(d): |
|
|
|
|
|
|
|
|
|
|
|
|
5.50%, 02/15/23 |
|
|
USD |
|
|
|
768 |
|
|
$ |
784,320 |
|
5.38%, 11/15/24 |
|
|
|
|
|
|
1,239 |
|
|
|
1,217,318 |
|
USG Corp.(d): |
|
|
|
|
|
|
|
|
|
|
|
|
5.50%, 03/01/25 |
|
|
|
|
|
|
904 |
|
|
|
939,030 |
|
4.88%, 06/01/27 |
|
|
|
|
|
|
1,586 |
|
|
|
1,580,528 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
16,929,266 |
|
Cable Television Services 0.0% |
|
CB Escrow Corp., 8.00%, 10/15/25(d) |
|
|
|
|
|
|
703 |
|
|
|
657,305 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Capital Markets 1.2% |
|
Blackstone CQP Holdco LP(d): |
|
|
|
|
|
|
|
|
|
|
|
|
6.50%, 03/20/21 |
|
|
|
|
|
|
13,913 |
|
|
|
13,913,000 |
|
6.00%, 08/18/21 |
|
|
|
|
|
|
2,265 |
|
|
|
2,259,337 |
|
Lions Gate Capital Holdings LLC, 5.88%,
11/01/24(d) |
|
|
|
|
|
|
598 |
|
|
|
598,000 |
|
LPL Holdings, Inc., 5.75%, 09/15/25(d) |
|
|
|
|
|
|
323 |
|
|
|
310,888 |
|
NFP Corp., 6.88%, 07/15/25(d) |
|
|
|
|
|
|
559 |
|
|
|
552,012 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
17,633,237 |
|
Chemicals 4.0% |
|
Alpha 2 BV, (8.75% Cash or 9.50% PIK), 8.75%,
06/01/23(d)(g) |
|
|
|
|
|
|
1,632 |
|
|
|
1,609,560 |
|
Alpha 3 BV/Alpha US Bidco, Inc., 6.25%,
02/01/25(d) |
|
|
|
|
|
|
4,500 |
|
|
|
4,432,500 |
|
Axalta Coating Systems Dutch Holding B BV, 3.75%, 01/15/25 |
|
|
EUR |
|
|
|
385 |
|
|
|
466,702 |
|
Axalta Coating Systems LLC, 4.88%,
08/15/24(d) |
|
|
USD |
|
|
|
1,451 |
|
|
|
1,432,863 |
|
Blue Cube Spinco, Inc.: |
|
|
|
|
|
|
|
|
|
|
|
|
9.75%, 10/15/23 |
|
|
|
|
|
|
2,534 |
|
|
|
2,898,262 |
|
10.00%, 10/15/25 |
|
|
|
|
|
|
1,565 |
|
|
|
1,823,225 |
|
CF Industries, Inc.: |
|
|
|
|
|
|
|
|
|
|
|
|
7.13%, 05/01/20 |
|
|
|
|
|
|
404 |
|
|
|
429,250 |
|
5.15%, 03/15/34 |
|
|
|
|
|
|
540 |
|
|
|
496,800 |
|
4.95%, 06/01/43 |
|
|
|
|
|
|
1,517 |
|
|
|
1,259,110 |
|
Chemours Co.: |
|
|
|
|
|
|
|
|
|
|
|
|
6.13%, 05/15/23 |
|
|
EUR |
|
|
|
100 |
|
|
|
122,459 |
|
6.63%, 05/15/23 |
|
|
USD |
|
|
|
375 |
|
|
|
393,855 |
|
7.00%, 05/15/25 |
|
|
|
|
|
|
1,387 |
|
|
|
1,487,557 |
|
4.00%, 05/15/26 |
|
|
EUR |
|
|
|
856 |
|
|
|
990,130 |
|
5.38%, 05/15/27 |
|
|
USD |
|
|
|
1,453 |
|
|
|
1,413,043 |
|
Eagle Intermediate Global Holding BV/Ruyi US Finance LLC, 7.50%, 05/01/25(d) |
|
|
|
|
|
|
1,376 |
|
|
|
1,403,933 |
|
Hexion, Inc., 10.38%, 02/01/22(d) |
|
|
|
|
|
|
1,360 |
|
|
|
1,334,500 |
|
Huntsman International LLC: |
|
|
|
|
|
|
|
|
|
|
|
|
4.88%, 11/15/20 |
|
|
|
|
|
|
1,304 |
|
|
|
1,331,710 |
|
5.13%, 11/15/22 |
|
|
|
|
|
|
1,445 |
|
|
|
1,488,350 |
|
INEOS Finance PLC, 4.00%, 05/01/23 |
|
|
EUR |
|
|
|
448 |
|
|
|
534,272 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
Par (000) |
|
|
Value |
|
Chemicals (continued) |
|
INEOS Group Holdings SA, 5.38%, 08/01/24 |
|
|
EUR |
|
|
|
200 |
|
|
$ |
244,239 |
|
Kronos International, Inc., 3.75%, 09/15/25 |
|
|
|
|
|
|
232 |
|
|
|
266,030 |
|
Momentive Performance Materials, Inc., 3.88%, 10/24/21 |
|
|
USD |
|
|
|
6,758 |
|
|
|
7,129,690 |
|
NOVA Chemicals Corp., 4.88%, 06/01/24(d) |
|
|
|
|
|
|
1,815 |
|
|
|
1,735,594 |
|
OCI NV, 5.00%, 04/15/23 |
|
|
EUR |
|
|
|
290 |
|
|
|
348,348 |
|
Olin Corp.: |
|
|
|
|
|
|
|
|
|
|
|
|
5.13%, 09/15/27 |
|
|
USD |
|
|
|
530 |
|
|
|
515,425 |
|
5.00%, 02/01/30 |
|
|
|
|
|
|
109 |
|
|
|
102,602 |
|
Platform Specialty Products Corp.(d): |
|
|
|
|
|
|
|
|
|
|
|
|
6.50%, 02/01/22 |
|
|
|
|
|
|
11,189 |
|
|
|
11,468,725 |
|
5.88%, 12/01/25 |
|
|
|
|
|
|
4,620 |
|
|
|
4,446,750 |
|
PQ Corp.(d): |
|
|
|
|
|
|
|
|
|
|
|
|
6.75%, 11/15/22 |
|
|
|
|
|
|
2,337 |
|
|
|
2,459,692 |
|
5.75%, 12/15/25 |
|
|
|
|
|
|
2,471 |
|
|
|
2,427,757 |
|
PSPC Escrow Corp., 6.00%, 02/01/23 |
|
|
EUR |
|
|
|
394 |
|
|
|
476,727 |
|
WR Grace & Co-Conn, 5.13%, 10/01/21(d) |
|
|
USD |
|
|
|
2,483 |
|
|
|
2,557,490 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
59,527,150 |
|
Commercial Services & Supplies 2.1% |
|
ADT Corp.: |
|
|
|
|
|
|
|
|
|
|
|
|
3.50%, 07/15/22 |
|
|
|
|
|
|
2,256 |
|
|
|
2,075,520 |
|
4.13%, 06/15/23 |
|
|
|
|
|
|
1,637 |
|
|
|
1,497,855 |
|
4.88%, 07/15/32(d) |
|
|
|
|
|
|
3,265 |
|
|
|
2,563,025 |
|
Advanced Disposal Services, Inc., 5.63%,
11/15/24(d) |
|
|
|
|
|
|
1,319 |
|
|
|
1,319,000 |
|
Booz Allen Hamilton, Inc., 5.13%, 05/01/25(d) |
|
|
|
|
|
|
1,088 |
|
|
|
1,066,240 |
|
Catalent Pharma Solutions, Inc., 4.75%, 12/15/24 |
|
|
EUR |
|
|
|
100 |
|
|
|
122,477 |
|
CD&R Waterworks Merger Sub LLC, 6.13%,
08/15/25(d) |
|
|
USD |
|
|
|
2,453 |
|
|
|
2,354,880 |
|
Fortress Transportation & Infrastructure Investors LLC, 6.75%, 03/15/22(d) |
|
|
|
|
|
|
444 |
|
|
|
448,440 |
|
Harland Clarke Holdings Corp., 8.38%,
08/15/22(d) |
|
|
|
|
|
|
2,752 |
|
|
|
2,758,880 |
|
KAR Auction Services, Inc., 5.13%, 06/01/25(d) |
|
|
|
|
|
|
3,528 |
|
|
|
3,351,600 |
|
La Financiere Atalian SAS: |
|
|
|
|
|
|
|
|
|
|
|
|
4.00%, 05/15/24 |
|
|
EUR |
|
|
|
415 |
|
|
|
459,024 |
|
5.13%, 05/15/25 |
|
|
|
|
|
|
314 |
|
|
|
357,817 |
|
La Financiere Atalian SASU, 6.63%, 05/15/25 |
|
|
GBP |
|
|
|
142 |
|
|
|
184,521 |
|
Mobile Mini, Inc., 5.88%, 07/01/24 |
|
|
USD |
|
|
|
3,503 |
|
|
|
3,555,545 |
|
Paprec Holding SA, 4.00%, 03/31/25 |
|
|
EUR |
|
|
|
187 |
|
|
|
218,612 |
|
Park Aerospace Holdings Ltd.(d): |
|
|
|
|
|
|
|
|
|
|
|
|
3.63%, 03/15/21 |
|
|
USD |
|
|
|
1,473 |
|
|
|
1,417,762 |
|
5.25%, 08/15/22 |
|
|
|
|
|
|
2,560 |
|
|
|
2,524,800 |
|
|
|
|
Consolidated Schedule of Investments (unaudited) (continued)
May 31, 2018 |
|
BlackRock Corporate High Yield Fund, Inc. (HYT)
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
Par (000) |
|
|
Value |
|
Commercial Services & Supplies (continued) |
|
Ritchie Bros Auctioneers, Inc., 5.38%,
01/15/25(d) |
|
|
USD |
|
|
|
1,289 |
|
|
$ |
1,255,164 |
|
United Rentals North America, Inc.: |
|
|
|
|
|
|
|
|
|
|
|
|
5.75%, 11/15/24 |
|
|
|
|
|
|
1,354 |
|
|
|
1,394,620 |
|
5.50%, 05/15/27 |
|
|
|
|
|
|
1,128 |
|
|
|
1,116,720 |
|
Verisure Holding AB, 6.00%, 11/01/22 |
|
|
EUR |
|
|
|
167 |
|
|
|
203,163 |
|
Waste Pro USA, Inc., 5.50%, 02/15/26(d) |
|
|
USD |
|
|
|
828 |
|
|
|
799,020 |
|
Wrangler Buyer Corp., 6.00%, 10/01/25(d) |
|
|
|
|
|
|
949 |
|
|
|
903,922 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
31,948,607 |
|
Communications Equipment 1.4% |
|
CommScope Technologies Finance LLC, 6.00%,
06/15/25(d) |
|
|
|
|
|
|
147 |
|
|
|
147,368 |
|
CommScope Technologies LLC, 5.00%,
03/15/27(d) |
|
|
|
|
|
|
1,781 |
|
|
|
1,665,235 |
|
CommScope, Inc.(d): |
|
|
|
|
|
|
|
|
|
|
|
|
5.00%, 06/15/21 |
|
|
|
|
|
|
2,278 |
|
|
|
2,289,390 |
|
5.50%, 06/15/24 |
|
|
|
|
|
|
1,804 |
|
|
|
1,808,510 |
|
Nokia OYJ: |
|
|
|
|
|
|
|
|
|
|
|
|
3.38%, 06/12/22 |
|
|
|
|
|
|
714 |
|
|
|
696,150 |
|
4.38%, 06/12/27 |
|
|
|
|
|
|
852 |
|
|
|
802,192 |
|
6.63%, 05/15/39 |
|
|
|
|
|
|
3,486 |
|
|
|
3,651,097 |
|
Zayo Group LLC/Zayo Capital, Inc.: |
|
|
|
|
|
|
|
|
|
|
|
|
6.00%, 04/01/23 |
|
|
|
|
|
|
2,128 |
|
|
|
2,157,260 |
|
6.38%, 05/15/25 |
|
|
|
|
|
|
2,099 |
|
|
|
2,127,861 |
|
5.75%, 01/15/27(d) |
|
|
|
|
|
|
6,111 |
|
|
|
5,912,392 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
21,257,455 |
|
Construction & Engineering 1.2% |
|
BlueLine Rental Finance Corp., 9.25%,
03/15/24(d) |
|
|
|
|
|
|
8,405 |
|
|
|
8,967,883 |
|
Brand Energy & Infrastructure Services, Inc., 8.50%, 07/15/25(d) |
|
|
|
|
|
|
3,195 |
|
|
|
3,266,888 |
|
Engility Corp., 8.88%, 09/01/24 |
|
|
|
|
|
|
1,728 |
|
|
|
1,810,080 |
|
SPIE SA, 3.13%, 03/22/24 |
|
|
EUR |
|
|
|
300 |
|
|
|
351,518 |
|
SRS Distribution, Inc., 8.25%, 07/01/26(d) |
|
|
USD |
|
|
|
1,500 |
|
|
|
1,460,625 |
|
Tutor Perini Corp., 6.88%, 05/01/25(d) |
|
|
|
|
|
|
1,357 |
|
|
|
1,366,770 |
|
Weekley Homes LLC/Weekley Finance Corp., 6.63%,
08/15/25(d) |
|
|
|
|
|
|
474 |
|
|
|
451,485 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
17,675,249 |
|
Construction Materials 1.3% |
|
American Builders & Contractors Supply Co., Inc., 5.88%, 05/15/26(d) |
|
|
|
|
|
|
1,000 |
|
|
|
982,500 |
|
American Tire Distributors,
Inc., 10.25%, 03/01/22(d) |
|
|
|
|
|
|
1,043 |
|
|
|
511,070 |
|
Autodis SA: |
|
|
|
|
|
|
|
|
|
|
|
|
(3 mo. Euribor + 4.38%), 4.38%,
05/01/22(c) |
|
|
EUR |
|
|
|
100 |
|
|
|
117,525 |
|
4.38%, 05/01/22 |
|
|
|
|
|
|
150 |
|
|
|
178,137 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
Par (000) |
|
|
Value |
|
Construction Materials (continued) |
|
Beacon Roofing Supply, Inc., 6.38%, 10/01/23 |
|
|
USD |
|
|
|
366 |
|
|
$ |
378,700 |
|
HD Supply, Inc., 5.75%, 04/15/24(d) |
|
|
|
|
|
|
12,010 |
|
|
|
12,595,487 |
|
LKQ Italia Bondco SpA, 3.88%, 04/01/24 |
|
|
EUR |
|
|
|
220 |
|
|
|
268,765 |
|
Navistar International Corp., 6.63%,
11/01/25(d) |
|
|
USD |
|
|
|
1,781 |
|
|
|
1,838,883 |
|
New Enterprise Stone & Lime Co., Inc., 10.13%,
04/01/22(d) |
|
|
|
|
|
|
1,106 |
|
|
|
1,175,125 |
|
Rexel SA: |
|
|
|
|
|
|
|
|
|
|
|
|
3.50%, 06/15/23 |
|
|
EUR |
|
|
|
461 |
|
|
|
556,663 |
|
2.63%, 06/15/24 |
|
|
|
|
|
|
250 |
|
|
|
294,065 |
|
Williams Scotsman International, Inc., 7.88%,
12/15/22(d) |
|
|
USD |
|
|
|
771 |
|
|
|
805,695 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
19,702,615 |
|
Consumer Discretionary 0.5% |
|
AA Bond Co. Ltd.: |
|
|
|
|
|
|
|
|
|
|
|
|
2.88%, 01/31/22 |
|
|
GBP |
|
|
|
100 |
|
|
|
131,144 |
|
4.25%, 07/31/43 |
|
|
|
|
|
|
100 |
|
|
|
137,864 |
|
Arch Merger Sub, Inc., 8.50%, 09/15/25(d) |
|
|
USD |
|
|
|
1,356 |
|
|
|
1,257,690 |
|
Elis SA, 1.88%, 02/15/23 |
|
|
EUR |
|
|
|
100 |
|
|
|
115,997 |
|
Live Nation Entertainment, Inc., 4.88%,
11/01/24(d) |
|
|
USD |
|
|
|
296 |
|
|
|
287,860 |
|
Nielsen Co. Luxembourg SARL, 5.00%,
02/01/25(d) |
|
|
|
|
|
|
463 |
|
|
|
446,795 |
|
ServiceMaster Co. LLC, 5.13%, 11/15/24(d) |
|
|
|
|
|
|
606 |
|
|
|
587,062 |
|
Silversea Cruise Finance Ltd., 7.25%,
02/01/25(d) |
|
|
|
|
|
|
353 |
|
|
|
368,003 |
|
Viking Cruises Ltd.(d): |
|
|
|
|
|
|
|
|
|
|
|
|
6.25%, 05/15/25 |
|
|
|
|
|
|
1,065 |
|
|
|
1,046,362 |
|
5.88%, 09/15/27 |
|
|
|
|
|
|
3,755 |
|
|
|
3,510,925 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7,889,702 |
|
Consumer Finance 2.4% |
|
Alliance Data Systems Corp.(d): |
|
|
|
|
|
|
|
|
|
|
|
|
5.88%, 11/01/21 |
|
|
|
|
|
|
3,207 |
|
|
|
3,267,131 |
|
5.38%, 08/01/22 |
|
|
|
|
|
|
2,329 |
|
|
|
2,340,645 |
|
Ally Financial, Inc.: |
|
|
|
|
|
|
|
|
|
|
|
|
5.13%, 09/30/24 |
|
|
|
|
|
|
1,230 |
|
|
|
1,260,750 |
|
8.00%, 11/01/31 |
|
|
|
|
|
|
11,400 |
|
|
|
13,680,000 |
|
Iron Mountain UK PLC, 3.88%, 11/15/25 |
|
|
GBP |
|
|
|
180 |
|
|
|
224,718 |
|
Navient Corp.: |
|
|
|
|
|
|
|
|
|
|
|
|
6.63%, 07/26/21 |
|
|
USD |
|
|
|
1,454 |
|
|
|
1,508,525 |
|
6.50%, 06/15/22 |
|
|
|
|
|
|
2,048 |
|
|
|
2,114,560 |
|
5.50%, 01/25/23 |
|
|
|
|
|
|
932 |
|
|
|
916,855 |
|
7.25%, 09/25/23 |
|
|
|
|
|
|
1,100 |
|
|
|
1,157,750 |
|
6.13%, 03/25/24 |
|
|
|
|
|
|
642 |
|
|
|
643,605 |
|
5.88%, 10/25/24 |
|
|
|
|
|
|
723 |
|
|
|
712,372 |
|
6.75%, 06/25/25 |
|
|
|
|
|
|
730 |
|
|
|
742,556 |
|
5.63%, 08/01/33 |
|
|
|
|
|
|
1,821 |
|
|
|
1,556,955 |
|
|
|
|
Consolidated Schedule of Investments (unaudited) (continued)
May 31, 2018 |
|
BlackRock Corporate High Yield Fund, Inc. (HYT)
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
Par (000) |
|
|
Value |
|
Consumer Finance (continued) |
|
Nexi Capital SpA: |
|
|
|
|
|
|
|
|
|
|
|
|
3.63%, 05/01/23(e) |
|
|
EUR |
|
|
|
317 |
|
|
$ |
363,251 |
|
4.13%, 11/01/23 |
|
|
|
|
|
|
364 |
|
|
|
413,407 |
|
OneMain Financial Holdings LLC, 7.25%,
12/15/21(d) |
|
|
USD |
|
|
|
398 |
|
|
|
412,527 |
|
Springleaf Finance Corp.: |
|
|
|
|
|
|
|
|
|
|
|
|
6.13%, 05/15/22 |
|
|
|
|
|
|
490 |
|
|
|
499,800 |
|
6.88%, 03/15/25 |
|
|
|
|
|
|
2,211 |
|
|
|
2,199,945 |
|
7.13%, 03/15/26 |
|
|
|
|
|
|
1,950 |
|
|
|
1,949,415 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
35,964,767 |
|
Containers & Packaging 3.7% |
|
Ardagh Packaging Finance PLC/Ardagh Holdings USA, Inc.: |
|
|
|
|
|
|
|
|
|
|
|
|
6.00%, 06/30/21(d) |
|
|
|
|
|
|
3,968 |
|
|
|
4,017,600 |
|
4.13%, 05/15/23 |
|
|
EUR |
|
|
|
275 |
|
|
|
334,332 |
|
4.63%, 05/15/23(d) |
|
|
USD |
|
|
|
4,114 |
|
|
|
4,087,053 |
|
2.75%, 03/15/24 |
|
|
EUR |
|
|
|
131 |
|
|
|
153,512 |
|
6.75%, 05/15/24 |
|
|
|
|
|
|
450 |
|
|
|
568,816 |
|
7.25%, 05/15/24(d) |
|
|
USD |
|
|
|
11,068 |
|
|
|
11,552,225 |
|
6.00%, 02/15/25(d) |
|
|
|
|
|
|
2,673 |
|
|
|
2,619,540 |
|
4.75%, 07/15/27(d) |
|
|
GBP |
|
|
|
427 |
|
|
|
548,180 |
|
4.75%, 07/15/27 |
|
|
|
|
|
|
362 |
|
|
|
464,733 |
|
Ball Corp.: |
|
|
|
|
|
|
|
|
|
|
|
|
5.00%, 03/15/22 |
|
|
USD |
|
|
|
710 |
|
|
|
731,300 |
|
4.00%, 11/15/23 |
|
|
|
|
|
|
1,606 |
|
|
|
1,573,880 |
|
Berry Global, Inc., 4.50%, 02/15/26(d) |
|
|
|
|
|
|
634 |
|
|
|
592,790 |
|
BWAY Holding Co., 5.50%, 04/15/24(d) |
|
|
|
|
|
|
4,925 |
|
|
|
4,863,437 |
|
Crown Americas LLC/Crown Americas Capital Corp.: |
|
|
|
|
|
|
|
|
|
|
|
|
4.75%, 02/01/26(d) |
|
|
|
|
|
|
816 |
|
|
|
770,794 |
|
4.25%, 09/30/26 |
|
|
|
|
|
|
858 |
|
|
|
776,490 |
|
Crown European Holdings SA, 3.38%, 05/15/25 |
|
|
EUR |
|
|
|
303 |
|
|
|
359,470 |
|
Horizon Holdings I SASU, 7.25%, 08/01/23 |
|
|
|
|
|
|
100 |
|
|
|
121,567 |
|
JH-Holding Finance SA, (8.25% PIK), 8.25%, 12/01/22(g) |
|
|
|
|
|
|
200 |
|
|
|
243,972 |
|
Mercer International, Inc.: |
|
|
|
|
|
|
|
|
|
|
|
|
6.50%, 02/01/24 |
|
|
USD |
|
|
|
1,446 |
|
|
|
1,485,765 |
|
5.50%, 01/15/26(d) |
|
|
|
|
|
|
767 |
|
|
|
751,660 |
|
Reynolds Group Issuer, Inc./Reynolds Group Issuer LLC/Reynolds Group Issuer Lu: |
|
|
|
|
|
|
|
|
|
|
|
|
5.75%, 10/15/20 |
|
|
|
|
|
|
6,255 |
|
|
|
6,293,713 |
|
(3 mo. LIBOR US + 3.50%), 5.85%,
07/15/21(c)(d) |
|
|
|
|
|
|
3,030 |
|
|
|
3,065,451 |
|
5.13%, 07/15/23(d) |
|
|
|
|
|
|
1,259 |
|
|
|
1,236,968 |
|
7.00%, 07/15/24(d) |
|
|
|
|
|
|
4,926 |
|
|
|
5,055,061 |
|
Sappi Papier Holding GmbH, 4.00%, 04/01/23 |
|
|
EUR |
|
|
|
150 |
|
|
|
181,197 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
Par (000) |
|
|
Value |
|
Containers & Packaging (continued) |
|
Sealed Air Corp.: |
|
|
|
|
|
|
|
|
|
|
|
|
4.50%, 09/15/23 |
|
|
EUR |
|
|
|
560 |
|
|
$ |
735,703 |
|
6.88%, 07/15/33(d) |
|
|
USD |
|
|
|
700 |
|
|
|
771,750 |
|
Verallia Packaging SASU, 5.13%, 08/01/22 |
|
|
EUR |
|
|
|
575 |
|
|
|
692,169 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
54,649,128 |
|
Diversified Consumer Services 1.6% |
|
APX Group, Inc.: |
|
|
|
|
|
|
|
|
|
|
|
|
8.75%, 12/01/20 |
|
|
USD |
|
|
|
1,915 |
|
|
|
1,838,400 |
|
7.88%, 12/01/22 |
|
|
|
|
|
|
1,649 |
|
|
|
1,628,387 |
|
Ascend Learning LLC, 6.88%, 08/01/25(d) |
|
|
|
|
|
|
1,852 |
|
|
|
1,852,000 |
|
Carriage Services, Inc., 6.63%, 06/01/26(d) |
|
|
|
|
|
|
958 |
|
|
|
966,383 |
|
Cognita Financing PLC, 7.75%, 08/15/21 |
|
|
GBP |
|
|
|
225 |
|
|
|
307,090 |
|
Graham Holdings Co., 5.75%, 06/01/26(d) |
|
|
USD |
|
|
|
1,087 |
|
|
|
1,092,435 |
|
Laureate Education, Inc., 8.25%, 05/01/25(d) |
|
|
|
|
|
|
591 |
|
|
|
624,983 |
|
Matthews International Corp., 5.25%,
12/01/25(d) |
|
|
|
|
|
|
646 |
|
|
|
625,005 |
|
Pinnacle Bidco PLC, 6.38%, 02/15/25 |
|
|
GBP |
|
|
|
177 |
|
|
|
236,423 |
|
Prime Security Services Borrower LLC/Prime Finance, Inc., 9.25%, 05/15/23(d) |
|
|
USD |
|
|
|
12,368 |
|
|
|
13,085,344 |
|
RBS Global, Inc./Rexnord LLC, 4.88%,
12/15/25(d) |
|
|
|
|
|
|
1,406 |
|
|
|
1,353,275 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
23,609,725 |
|
Diversified Financial Services 2.2% |
|
Aircastle Ltd.: |
|
|
|
|
|
|
|
|
|
|
|
|
7.63%, 04/15/20 |
|
|
|
|
|
|
128 |
|
|
|
136,640 |
|
5.13%, 03/15/21 |
|
|
|
|
|
|
643 |
|
|
|
658,271 |
|
5.50%, 02/15/22 |
|
|
|
|
|
|
2,471 |
|
|
|
2,569,840 |
|
Arrow Global Finance PLC: |
|
|
|
|
|
|
|
|
|
|
|
|
5.13%, 09/15/24 |
|
|
GBP |
|
|
|
325 |
|
|
|
419,078 |
|
(3 mo. Euribor + 2.88%), 2.88%,
04/01/25(c) |
|
|
EUR |
|
|
|
254 |
|
|
|
288,313 |
|
3.75%, 03/01/26(e) |
|
|
|
|
|
|
117 |
|
|
|
134,043 |
|
Banca IFIS SpA: |
|
|
|
|
|
|
|
|
|
|
|
|
2.00%, 04/24/23 |
|
|
|
|
|
|
210 |
|
|
|
236,041 |
|
4.50%, 10/17/27(e) |
|
|
|
|
|
|
375 |
|
|
|
407,706 |
|
Barclays PLC(5 year EUR Swap + 2.45%), 2.63%,
11/11/25(h) |
|
|
|
|
|
|
200 |
|
|
|
239,383 |
|
Cabot Financial Luxembourg SA: |
|
|
|
|
|
|
|
|
|
|
|
|
6.50%, 04/01/21 |
|
|
GBP |
|
|
|
100 |
|
|
|
134,530 |
|
7.50%, 10/01/23 |
|
|
|
|
|
|
220 |
|
|
|
305,618 |
|
DPL, Inc., 7.25%, 10/15/21 |
|
|
USD |
|
|
|
230 |
|
|
|
250,700 |
|
FBM Finance, Inc., 8.25%, 08/15/21(d) |
|
|
|
|
|
|
2,660 |
|
|
|
2,784,488 |
|
|
|
|
Consolidated Schedule of Investments (unaudited) (continued)
May 31, 2018 |
|
BlackRock Corporate High Yield Fund, Inc. (HYT)
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
Par (000) |
|
|
Value |
|
Diversified Financial Services (continued) |
|
Garfunkelux Holdco 3 SA, 4.50%, 09/01/23(e) |
|
|
EUR |
|
|
|
220 |
|
|
$ |
240,515 |
|
HSBC Holdings PLC, 6.25%(e)(j) |
|
|
USD |
|
|
|
3,490 |
|
|
|
3,493,490 |
|
Intrum Justitia AB: |
|
|
|
|
|
|
|
|
|
|
|
|
2.75%, 07/15/22 |
|
|
EUR |
|
|
|
437 |
|
|
|
500,727 |
|
3.13%, 07/15/24 |
|
|
|
|
|
|
110 |
|
|
|
125,130 |
|
Jefferies Finance LLC/JFIN Co-Issuer Corp.(d): |
|
|
|
|
|
|
|
|
|
|
|
|
7.38%, 04/01/20 |
|
|
USD |
|
|
|
2,695 |
|
|
|
2,711,844 |
|
6.88%, 04/15/22 |
|
|
|
|
|
|
2,552 |
|
|
|
2,536,050 |
|
Lehman Brother Holding Escrow, 1.00%,
09/22/18(b)(i) |
|
|
|
|
|
|
430 |
|
|
|
13,330 |
|
Lehman Brothers Holdings, Inc.(b)(e)(i): |
|
|
|
|
|
|
|
|
|
|
|
|
5.38%, 10/17/18 |
|
|
EUR |
|
|
|
350 |
|
|
|
15,139 |
|
4.75%, 01/16/19 |
|
|
|
|
|
|
1,890 |
|
|
|
81,752 |
|
1.00%, 02/05/19 |
|
|
|
|
|
|
3,950 |
|
|
|
170,857 |
|
1.00%, 12/31/49 |
|
|
USD |
|
|
|
1,535 |
|
|
|
47,585 |
|
LHC3 PLC, (4.13% Cash or 4.88% PIK), 4.13%,
08/15/24(g) |
|
|
EUR |
|
|
|
584 |
|
|
|
689,457 |
|
Lincoln Finance Ltd., 6.88%, 04/15/21 |
|
|
|
|
|
|
100 |
|
|
|
120,936 |
|
Mercury Bondco PLC(g): |
|
|
|
|
|
|
|
|
|
|
|
|
(7.13% Cash or 7.88% PIK), 7.13%, 05/30/21 |
|
|
|
|
|
|
525 |
|
|
|
635,233 |
|
(8.25% Cash or 9.00% PIK), 8.25%, 05/30/21 |
|
|
|
|
|
|
564 |
|
|
|
687,051 |
|
MSCI, Inc., 5.25%, 11/15/24(d) |
|
|
USD |
|
|
|
683 |
|
|
|
689,830 |
|
Pershing Square Holdings Ltd., 5.50%,
07/15/22(d) |
|
|
|
|
|
|
2,100 |
|
|
|
2,094,015 |
|
ProGroup AG(3 mo. Euribor + 2.50%), 2.50%,
03/31/24(c) |
|
|
EUR |
|
|
|
112 |
|
|
|
130,598 |
|
Tempo Acquisition LLC/Tempo Acquisition Finance Corp., 6.75%, 06/01/25(d) |
|
|
USD |
|
|
|
2,905 |
|
|
|
2,815,090 |
|
Travelport Corporate Finance PLC, 6.00%,
03/15/26(d) |
|
|
|
|
|
|
1,106 |
|
|
|
1,111,530 |
|
UniCredit SpA: |
|
|
|
|
|
|
|
|
|
|
|
|
6.95%, 10/31/22 |
|
|
EUR |
|
|
|
375 |
|
|
|
506,156 |
|
(5 year EUR Swap + 4.10%),
5.75%, 10/28/25(h) |
|
|
|
|
|
|
700 |
|
|
|
871,909 |
|
(5 year EUR Swap + 4.32%),
4.38%, 01/03/27(h) |
|
|
|
|
|
|
567 |
|
|
|
682,464 |
|
Vantiv LLC/Vanity Issuer Corp.(d): |
|
|
|
|
|
|
|
|
|
|
|
|
3.88%, 11/15/25 |
|
|
GBP |
|
|
|
357 |
|
|
|
458,442 |
|
4.38%, 11/15/25 |
|
|
USD |
|
|
|
1,168 |
|
|
|
1,103,760 |
|
Verisure Midholding AB, 5.75%, 12/01/23 |
|
|
EUR |
|
|
|
250 |
|
|
|
287,773 |
|
WMG Acquisition Corp.: |
|
|
|
|
|
|
|
|
|
|
|
|
4.13%, 11/01/24 |
|
|
|
|
|
|
250 |
|
|
|
304,029 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
Par (000) |
|
|
Value |
|
Diversified Financial Services (continued) |
|
WMG Acquisition Corp. (continued): |
|
|
|
|
|
|
|
|
|
|
|
|
5.50%, 04/15/26(d) |
|
|
USD |
|
|
|
776 |
|
|
$ |
768,240 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
32,457,583 |
|
Diversified Telecommunication Services 3.3% |
|
CenturyLink, Inc.: |
|
|
|
|
|
|
|
|
|
|
|
|
5.63%, 04/01/25 |
|
|
|
|
|
|
1,535 |
|
|
|
1,433,398 |
|
Series P, 7.60%, 09/15/39 |
|
|
|
|
|
|
54 |
|
|
|
45,630 |
|
Series S, 6.45%, 06/15/21 |
|
|
|
|
|
|
7,518 |
|
|
|
7,696,928 |
|
Series T, 5.80%, 03/15/22 |
|
|
|
|
|
|
1,539 |
|
|
|
1,520,147 |
|
Series U, 7.65%, 03/15/42 |
|
|
|
|
|
|
743 |
|
|
|
627,835 |
|
Series Y, 7.50%, 04/01/24 |
|
|
|
|
|
|
1,587 |
|
|
|
1,631,674 |
|
Cincinnati Bell, Inc., 7.00%, 07/15/24(d) |
|
|
|
|
|
|
2,236 |
|
|
|
2,001,220 |
|
Embarq Corp., 8.00%, 06/01/36 |
|
|
|
|
|
|
318 |
|
|
|
302,100 |
|
Frontier Communications Corp.: |
|
|
|
|
|
|
|
|
|
|
|
|
7.13%, 03/15/19 |
|
|
|
|
|
|
1,445 |
|
|
|
1,463,062 |
|
10.50%, 09/15/22 |
|
|
|
|
|
|
430 |
|
|
|
387,000 |
|
7.13%, 01/15/23 |
|
|
|
|
|
|
957 |
|
|
|
702,199 |
|
6.88%, 01/15/25 |
|
|
|
|
|
|
1,579 |
|
|
|
1,010,560 |
|
11.00%, 09/15/25 |
|
|
|
|
|
|
5,535 |
|
|
|
4,428,000 |
|
Level 3 Financing, Inc.: |
|
|
|
|
|
|
|
|
|
|
|
|
5.38%, 08/15/22 |
|
|
|
|
|
|
243 |
|
|
|
243,000 |
|
5.63%, 02/01/23 |
|
|
|
|
|
|
1,971 |
|
|
|
1,987,655 |
|
5.13%, 05/01/23 |
|
|
|
|
|
|
1,292 |
|
|
|
1,262,995 |
|
5.38%, 01/15/24 |
|
|
|
|
|
|
1,521 |
|
|
|
1,482,975 |
|
5.38%, 05/01/25 |
|
|
|
|
|
|
2,469 |
|
|
|
2,388,757 |
|
5.25%, 03/15/26 |
|
|
|
|
|
|
5,020 |
|
|
|
4,771,510 |
|
OTE PLC, 3.50%, 07/09/20 |
|
|
EUR |
|
|
|
370 |
|
|
|
447,061 |
|
Qwest Corp., 6.75%, 12/01/21 |
|
|
USD |
|
|
|
680 |
|
|
|
730,969 |
|
SoftBank Group Corp.: |
|
|
|
|
|
|
|
|
|
|
|
|
(5 year USD ICE Swap + 4.85%), 6.88%(h)(j) |
|
|
|
|
|
|
1,935 |
|
|
|
1,746,337 |
|
4.00%, 04/20/23 |
|
|
EUR |
|
|
|
500 |
|
|
|
600,892 |
|
4.75%, 07/30/25 |
|
|
|
|
|
|
315 |
|
|
|
377,474 |
|
Telecom Italia Capital SA: |
|
|
|
|
|
|
|
|
|
|
|
|
6.38%, 11/15/33 |
|
|
USD |
|
|
|
831 |
|
|
|
843,465 |
|
6.00%, 09/30/34 |
|
|
|
|
|
|
6,039 |
|
|
|
5,767,245 |
|
7.20%, 07/18/36 |
|
|
|
|
|
|
958 |
|
|
|
1,017,875 |
|
7.72%, 06/04/38 |
|
|
|
|
|
|
134 |
|
|
|
148,405 |
|
Telecom Italia Finance SA, 7.75%, 01/24/33 |
|
|
EUR |
|
|
|
280 |
|
|
|
461,446 |
|
Telecom Italia SpA: |
|
|
|
|
|
|
|
|
|
|
|
|
1.13%, 03/26/22(k) |
|
|
|
|
|
|
300 |
|
|
|
332,899 |
|
3.25%, 01/16/23 |
|
|
|
|
|
|
300 |
|
|
|
373,489 |
|
5.88%, 05/19/23 |
|
|
GBP |
|
|
|
400 |
|
|
|
590,876 |
|
3.63%, 01/19/24 |
|
|
EUR |
|
|
|
200 |
|
|
|
253,365 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
49,078,443 |
|
Electric Utilities 0.2% |
|
AES Corp., 5.50%, 04/15/25 |
|
|
USD |
|
|
|
628 |
|
|
|
634,280 |
|
NextEra Energy Operating Partners LP, 4.25%,
09/15/24(d) |
|
|
|
|
|
|
1,225 |
|
|
|
1,169,875 |
|
|
|
|
Consolidated Schedule of Investments (unaudited) (continued)
May 31, 2018 |
|
BlackRock Corporate High Yield Fund, Inc. (HYT)
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
Par (000) |
|
|
Value |
|
Electric Utilities (continued) |
|
Talen Energy Supply LLC, 6.50%, 06/01/25 |
|
|
USD |
|
|
|
1,782 |
|
|
$ |
1,380,515 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,184,670 |
|
Electrical Equipment 0.0% |
|
Areva SA, 4.88%, 09/23/24 |
|
|
EUR |
|
|
|
550 |
|
|
|
692,416 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Electronic Equipment, Instruments & Components 0.8% |
|
CDW LLC/CDW Finance Corp.: |
|
|
|
|
|
|
|
|
|
|
|
|
5.00%, 09/01/23 |
|
|
USD |
|
|
|
3,624 |
|
|
|
3,660,240 |
|
5.50%, 12/01/24 |
|
|
|
|
|
|
6,605 |
|
|
|
6,803,150 |
|
5.00%, 09/01/25 |
|
|
|
|
|
|
714 |
|
|
|
705,289 |
|
Itron, Inc., 5.00%, 01/15/26(d) |
|
|
|
|
|
|
231 |
|
|
|
221,760 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
11,390,439 |
|
Energy Equipment & Services 2.1% |
|
Calfrac Holdings LP, 8.50%, 06/15/26(d) |
|
|
|
|
|
|
1,653 |
|
|
|
1,642,173 |
|
CSI Compressco LP/CSI Compressco Finance, Inc., 7.50%,
04/01/25(d) |
|
|
|
|
|
|
2,137 |
|
|
|
2,147,685 |
|
Ensco PLC, 5.20%, 03/15/25 |
|
|
|
|
|
|
270 |
|
|
|
226,125 |
|
Gates Global LLC/Gates Global Co., 6.00%,
07/15/22(d) |
|
|
|
|
|
|
2,780 |
|
|
|
2,807,800 |
|
McDermott Escrow 1, Inc./McDermott Escrow 2, Inc., 10.63%, 05/01/24(d) |
|
|
|
|
|
|
1,560 |
|
|
|
1,630,200 |
|
Noble Holding International Ltd., 7.95%, 04/01/25 |
|
|
|
|
|
|
292 |
|
|
|
266,421 |
|
Pattern Energy Group, Inc., 5.88%, 02/01/24(d) |
|
|
|
|
|
|
935 |
|
|
|
946,688 |
|
Pioneer Energy Services Corp., 6.13%, 03/15/22 |
|
|
|
|
|
|
1,431 |
|
|
|
1,359,450 |
|
Precision Drilling Corp.: |
|
|
|
|
|
|
|
|
|
|
|
|
6.50%, 12/15/21 |
|
|
|
|
|
|
530 |
|
|
|
540,706 |
|
5.25%, 11/15/24 |
|
|
|
|
|
|
600 |
|
|
|
564,000 |
|
SESI LLC, 7.75%, 09/15/24 |
|
|
|
|
|
|
1,389 |
|
|
|
1,441,087 |
|
Transocean, Inc.: |
|
|
|
|
|
|
|
|
|
|
|
|
8.38%, 12/15/21 |
|
|
|
|
|
|
1,185 |
|
|
|
1,270,912 |
|
5.80%, 10/15/22 |
|
|
|
|
|
|
1,573 |
|
|
|
1,565,135 |
|
9.00%, 07/15/23(d) |
|
|
|
|
|
|
5,675 |
|
|
|
6,114,812 |
|
6.80%, 03/15/38 |
|
|
|
|
|
|
703 |
|
|
|
592,278 |
|
Trinidad Drilling Ltd., 6.63%, 02/15/25(d) |
|
|
|
|
|
|
2,272 |
|
|
|
2,164,080 |
|
USA Compression Partners LP/USA Compression Finance Corp., 6.88%, 04/01/26(d) |
|
|
|
|
|
|
1,705 |
|
|
|
1,756,150 |
|
Weatherford International Ltd.: |
|
|
|
|
|
|
|
|
|
|
|
|
7.75%, 06/15/21 |
|
|
|
|
|
|
3,818 |
|
|
|
3,875,270 |
|
8.25%, 06/15/23 |
|
|
|
|
|
|
914 |
|
|
|
886,580 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
31,797,552 |
|
Environmental, Maintenance, & Security Service 0.3% |
|
Hulk Finance Corp., 7.00%, 06/01/26(d) |
|
|
|
|
|
|
1,654 |
|
|
|
1,604,380 |
|
Paprec Holding SA, 3.50%, 03/31/25(e) |
|
|
EUR |
|
|
|
100 |
|
|
|
117,490 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
Par (000) |
|
|
Value |
|
Environmental, Maintenance, & Security Service (continued) |
|
Tervita Escrow Corp., 7.63%, 12/01/21(d) |
|
|
USD |
|
|
|
2,397 |
|
|
$ |
2,420,970 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4,142,840 |
|
Food & Staples Retailing 0.4% |
|
Albertsons Cos. LLC/Safeway, Inc./New Albertsons, Inc./Albertsons LLC: |
|
|
|
|
|
|
|
|
|
|
|
|
6.63%, 06/15/24 |
|
|
|
|
|
|
874 |
|
|
|
821,822 |
|
5.75%, 03/15/25 |
|
|
|
|
|
|
1,011 |
|
|
|
889,882 |
|
B&M European Value Retail SA, 4.13%, 02/01/22 |
|
|
GBP |
|
|
|
225 |
|
|
|
304,494 |
|
Casino Guichard Perrachon SA: |
|
|
|
|
|
|
|
|
|
|
|
|
4.56%, 01/25/23 |
|
|
EUR |
|
|
|
200 |
|
|
|
244,693 |
|
4.50%, 03/07/24 |
|
|
|
|
|
|
400 |
|
|
|
477,763 |
|
Post Holdings, Inc., 5.63%, 01/15/28(d) |
|
|
USD |
|
|
|
484 |
|
|
|
456,170 |
|
Rite Aid Corp., 6.13%, 04/01/23(d) |
|
|
|
|
|
|
2,735 |
|
|
|
2,803,375 |
|
Tesco PLC: |
|
|
|
|
|
|
|
|
|
|
|
|
5.00%, 03/24/23 |
|
|
GBP |
|
|
|
100 |
|
|
|
148,140 |
|
5.50%, 01/13/33 |
|
|
|
|
|
|
3 |
|
|
|
4,706 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6,151,045 |
|
Food Products 1.1% |
|
Acosta, Inc., 7.75%, 10/01/22(d) |
|
|
USD |
|
|
|
1,307 |
|
|
|
780,933 |
|
Aramark Services, Inc.: |
|
|
|
|
|
|
|
|
|
|
|
|
5.13%, 01/15/24 |
|
|
|
|
|
|
1,104 |
|
|
|
1,121,112 |
|
5.00%, 02/01/28(d) |
|
|
|
|
|
|
2,829 |
|
|
|
2,722,912 |
|
B&G Foods, Inc., 5.25%, 04/01/25 |
|
|
|
|
|
|
971 |
|
|
|
912,740 |
|
Chobani LLC/Chobani Finance Corp., Inc., 7.50%,
04/15/25(d) |
|
|
|
|
|
|
1,818 |
|
|
|
1,749,825 |
|
Darling Global Finance BV, 4.75%, 05/30/22 |
|
|
EUR |
|
|
|
100 |
|
|
|
119,313 |
|
JBS USA LLC/JBS USA Finance, Inc.(d): |
|
|
|
|
|
|
|
|
|
|
|
|
5.88%, 07/15/24 |
|
|
USD |
|
|
|
402 |
|
|
|
384,915 |
|
5.75%, 06/15/25 |
|
|
|
|
|
|
4,490 |
|
|
|
4,175,700 |
|
Pilgrims Pride Corp.(d): |
|
|
|
|
|
|
|
|
|
|
|
|
5.75%, 03/15/25 |
|
|
|
|
|
|
1,548 |
|
|
|
1,493,820 |
|
5.88%, 09/30/27 |
|
|
|
|
|
|
414 |
|
|
|
389,160 |
|
Post Holdings, Inc. (d): |
|
|
|
|
|
|
|
|
|
|
|
|
5.50%, 03/01/25 |
|
|
|
|
|
|
1,572 |
|
|
|
1,548,420 |
|
5.75%, 03/01/27 |
|
|
|
|
|
|
1,161 |
|
|
|
1,122,908 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
16,521,758 |
|
Forest Products 0.1% |
|
JBS USA LUX SA/JBS USA Finance, Inc., 6.75%,
02/15/28(d) |
|
|
|
|
|
|
1,884 |
|
|
|
1,780,380 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Health Care Equipment & Supplies 2.2% |
|
Avantor, Inc.: |
|
|
|
|
|
|
|
|
|
|
|
|
4.75%, 10/01/24 |
|
|
EUR |
|
|
|
430 |
|
|
|
505,008 |
|
6.00%, 10/01/24(d) |
|
|
USD |
|
|
|
9,247 |
|
|
|
9,200,765 |
|
9.00%, 10/01/25(d) |
|
|
|
|
|
|
2,620 |
|
|
|
2,705,150 |
|
|
|
|
Consolidated Schedule of Investments (unaudited) (continued)
May 31, 2018 |
|
BlackRock Corporate High Yield Fund, Inc. (HYT)
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
Par (000) |
|
|
Value |
|
Health Care Equipment & Supplies (continued) |
|
Crimson Merger Sub, Inc., 6.63%, 05/15/22(d) |
|
|
USD |
|
|
|
9,068 |
|
|
$ |
8,960,726 |
|
DJO Finco, Inc./DJO Finance LLC/DJO Finance Corp., 8.13%, 06/15/21(d) |
|
|
|
|
|
|
7,102 |
|
|
|
7,146,387 |
|
Mallinckrodt International Finance SA/Mallinckrodt CB
LLC(d): |
|
|
|
|
|
|
|
|
|
|
|
|
4.88%, 04/15/20 |
|
|
|
|
|
|
1,110 |
|
|
|
1,068,375 |
|
5.75%, 08/01/22 |
|
|
|
|
|
|
2,210 |
|
|
|
1,911,650 |
|
5.63%, 10/15/23 |
|
|
|
|
|
|
67 |
|
|
|
55,359 |
|
5.50%, 04/15/25 |
|
|
|
|
|
|
916 |
|
|
|
730,602 |
|
Teleflex, Inc., 4.88%, 06/01/26 |
|
|
|
|
|
|
684 |
|
|
|
666,900 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
32,950,922 |
|
Health Care Providers & Services 7.0% |
|
Acadia Healthcare Co., Inc.: |
|
|
|
|
|
|
|
|
|
|
|
|
5.13%, 07/01/22 |
|
|
|
|
|
|
408 |
|
|
|
408,000 |
|
5.63%, 02/15/23 |
|
|
|
|
|
|
974 |
|
|
|
984,958 |
|
6.50%, 03/01/24 |
|
|
|
|
|
|
1,734 |
|
|
|
1,794,690 |
|
Amsurg Corp., 5.63%, 07/15/22 |
|
|
|
|
|
|
4,779 |
|
|
|
4,868,606 |
|
Centene Corp.: |
|
|
|
|
|
|
|
|
|
|
|
|
5.63%, 02/15/21 |
|
|
|
|
|
|
2,080 |
|
|
|
2,135,557 |
|
4.75%, 05/15/22 |
|
|
|
|
|
|
2,467 |
|
|
|
2,491,670 |
|
Centene Escrow I Corp., 5.38%, 06/01/26(d) |
|
|
|
|
|
|
8,250 |
|
|
|
8,338,275 |
|
CHS/Community Health Systems, Inc., 6.25%, 03/31/23 |
|
|
|
|
|
|
1,990 |
|
|
|
1,855,675 |
|
Constantin Investissement 3 SASU, 5.38%, 04/15/25 |
|
|
EUR |
|
|
|
100 |
|
|
|
109,160 |
|
DaVita, Inc., 5.00%, 05/01/25 |
|
|
USD |
|
|
|
1,938 |
|
|
|
1,836,836 |
|
Eagle Holding Co. II LLC, (7.63% Cash or 8.38% PIK), 7.63%, 05/15/22(d)(g) |
|
|
|
|
|
|
1,776 |
|
|
|
1,798,555 |
|
Envision Healthcare Corp.(d): |
|
|
|
|
|
|
|
|
|
|
|
|
5.13%, 07/01/22 |
|
|
|
|
|
|
373 |
|
|
|
373,933 |
|
6.25%, 12/01/24 |
|
|
|
|
|
|
1,060 |
|
|
|
1,118,512 |
|
HCA, Inc.: |
|
|
|
|
|
|
|
|
|
|
|
|
5.88%, 03/15/22 |
|
|
|
|
|
|
7,879 |
|
|
|
8,282,799 |
|
4.75%, 05/01/23 |
|
|
|
|
|
|
2,521 |
|
|
|
2,536,756 |
|
5.00%, 03/15/24 |
|
|
|
|
|
|
5,515 |
|
|
|
5,554,708 |
|
5.38%, 02/01/25 |
|
|
|
|
|
|
4,731 |
|
|
|
4,648,208 |
|
5.25%, 04/15/25 |
|
|
|
|
|
|
1,679 |
|
|
|
1,687,395 |
|
5.88%, 02/15/26 |
|
|
|
|
|
|
1,216 |
|
|
|
1,223,612 |
|
5.25%, 06/15/26 |
|
|
|
|
|
|
4,345 |
|
|
|
4,328,706 |
|
4.50%, 02/15/27 |
|
|
|
|
|
|
670 |
|
|
|
634,825 |
|
5.50%, 06/15/47 |
|
|
|
|
|
|
7,321 |
|
|
|
6,826,832 |
|
HealthSouth Corp., 5.75%, 11/01/24 |
|
|
|
|
|
|
1,170 |
|
|
|
1,187,550 |
|
MEDNAX, Inc., 5.25%, 12/01/23(d) |
|
|
|
|
|
|
790 |
|
|
|
778,150 |
|
Molina Healthcare, Inc., 4.88%, 06/15/25(d) |
|
|
|
|
|
|
685 |
|
|
|
650,750 |
|
MPH Acquisition Holdings
LLC, 7.13%, 06/01/24(d) |
|
|
|
|
|
|
3,886 |
|
|
|
4,031,725 |
|
NVA Holdings, Inc., 6.88%, 04/01/26(d) |
|
|
|
|
|
|
1,625 |
|
|
|
1,601,113 |
|
Polaris Intermediate Corp., (8.50% Cash),
8.50%, 12/01/22(d)(g) |
|
|
|
|
|
|
5,399 |
|
|
|
5,581,216 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
Par (000) |
|
|
Value |
|
Health Care Providers & Services (continued) |
|
Regional Care Hospital Partners Holdings, Inc., 8.25%,
05/01/23(d) |
|
|
USD |
|
|
|
1,287 |
|
|
$ |
1,349,741 |
|
Sterigenics-Nordion Holdings LLC, 6.50%,
05/15/23(d) |
|
|
|
|
|
|
1,012 |
|
|
|
1,024,650 |
|
Surgery Center Holdings, Inc.(d): |
|
|
|
|
|
|
|
|
|
|
|
|
8.88%, 04/15/21 |
|
|
|
|
|
|
1,066 |
|
|
|
1,092,650 |
|
6.75%, 07/01/25 |
|
|
|
|
|
|
1,254 |
|
|
|
1,169,355 |
|
Tenet Healthcare Corp.: |
|
|
|
|
|
|
|
|
|
|
|
|
4.75%, 06/01/20 |
|
|
|
|
|
|
210 |
|
|
|
210,987 |
|
6.00%, 10/01/20 |
|
|
|
|
|
|
4,540 |
|
|
|
4,687,550 |
|
7.50%, 01/01/22(d) |
|
|
|
|
|
|
1,284 |
|
|
|
1,345,247 |
|
8.13%, 04/01/22 |
|
|
|
|
|
|
5,090 |
|
|
|
5,325,412 |
|
6.75%, 06/15/23 |
|
|
|
|
|
|
1,575 |
|
|
|
1,567,125 |
|
4.63%, 07/15/24(d) |
|
|
|
|
|
|
5,392 |
|
|
|
5,183,060 |
|
Unilabs Subholding AB, 5.75%, 05/15/25 |
|
|
EUR |
|
|
|
173 |
|
|
|
196,037 |
|
Vizient, Inc., 10.38%, 03/01/24(d) |
|
|
USD |
|
|
|
1,875 |
|
|
|
2,062,500 |
|
WellCare Health Plans, Inc., 5.25%, 04/01/25 |
|
|
|
|
|
|
706 |
|
|
|
704,235 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
103,587,321 |
|
Health Care Technology 0.3% |
|
Change Healthcare Holdings LLC/Change Healthcare Finance, Inc., 5.75%, 03/01/25(d) |
|
|
|
|
|
|
1,852 |
|
|
|
1,770,975 |
|
Quintiles IMS, Inc.: |
|
|
|
|
|
|
|
|
|
|
|
|
3.25%, 03/15/25(d) |
|
|
EUR |
|
|
|
350 |
|
|
|
403,502 |
|
3.25%, 03/15/25 |
|
|
|
|
|
|
1,370 |
|
|
|
1,579,420 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,753,897 |
|
Hotels, Restaurants & Leisure 4.5% |
|
Boyne USA, Inc., 7.25%, 05/01/25(d) |
|
|
USD |
|
|
|
508 |
|
|
|
528,320 |
|
Burger King France SAS: |
|
|
|
|
|
|
|
|
|
|
|
|
(3 mo. Euribor + 5.25%), 5.25%,
05/01/23(c) |
|
|
EUR |
|
|
|
305 |
|
|
|
358,984 |
|
6.00%, 05/01/24 |
|
|
|
|
|
|
325 |
|
|
|
404,706 |
|
Churchill Downs, Inc., 4.75%, 01/15/28(d) |
|
|
USD |
|
|
|
630 |
|
|
|
587,475 |
|
Cirsa Funding Luxembourg SA: |
|
|
|
|
|
|
|
|
|
|
|
|
5.75%, 05/15/21 |
|
|
EUR |
|
|
|
100 |
|
|
|
119,672 |
|
5.88%, 05/15/23 |
|
|
|
|
|
|
100 |
|
|
|
119,815 |
|
Codere Finance 2 Luxembourg SA,
7.63%, 11/01/21(d) |
|
|
USD |
|
|
|
400 |
|
|
|
384,920 |
|
CPUK Finance Ltd.: |
|
|
|
|
|
|
|
|
|
|
|
|
4.25%, 02/28/47 |
|
|
GBP |
|
|
|
274 |
|
|
|
366,098 |
|
4.88%, 02/28/47 |
|
|
|
|
|
|
153 |
|
|
|
204,594 |
|
CRC Escrow Issuer LLC/CRC Finco, Inc.,
5.25%, 10/15/25(d) |
|
|
USD |
|
|
|
3,113 |
|
|
|
2,972,915 |
|
EI Group PLC, 6.38%, 02/15/22 |
|
|
GBP |
|
|
|
110 |
|
|
|
151,931 |
|
Eldorado Resorts, Inc., 6.00%, 04/01/25 |
|
|
USD |
|
|
|
812 |
|
|
|
807,940 |
|
ESH Hospitality, Inc., 5.25%, 05/01/25(d) |
|
|
|
|
|
|
1,918 |
|
|
|
1,842,431 |
|
GLP Capital LP/GLP Financing II, Inc.: |
|
|
|
|
|
|
|
|
|
|
|
|
5.38%, 11/01/23 |
|
|
|
|
|
|
256 |
|
|
|
263,680 |
|
|
|
|
Consolidated Schedule of Investments (unaudited) (continued)
May 31, 2018 |
|
BlackRock Corporate High Yield Fund, Inc. (HYT)
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
Par (000) |
|
|
Value |
|
Hotels, Restaurants & Leisure (continued) |
|
5.25%, 06/01/25 |
|
|
USD |
|
|
|
228 |
|
|
$ |
228,406 |
|
5.38%, 04/15/26 |
|
|
|
|
|
|
950 |
|
|
|
942,623 |
|
Golden Nugget, Inc., 6.75%, 10/15/24(d) |
|
|
|
|
|
|
2,648 |
|
|
|
2,677,790 |
|
International Game Technology PLC, 4.75%, 02/15/23 |
|
|
EUR |
|
|
|
110 |
|
|
|
138,489 |
|
KFC Holding Co./Pizza Hut Holdings LLC/Taco Bell of America
LLC(d): |
|
|
|
|
|
|
|
|
|
|
|
|
5.00%, 06/01/24 |
|
|
USD |
|
|
|
255 |
|
|
|
251,813 |
|
5.25%, 06/01/26 |
|
|
|
|
|
|
1,878 |
|
|
|
1,835,745 |
|
4.75%, 06/01/27 |
|
|
|
|
|
|
790 |
|
|
|
742,600 |
|
Ladbrokes Group Finance PLC, 5.13%, 09/08/23 |
|
|
GBP |
|
|
|
220 |
|
|
|
304,887 |
|
Melco Resorts Finance Ltd., 4.88%, 06/06/25(d) |
|
|
USD |
|
|
|
1,847 |
|
|
|
1,748,578 |
|
MGM Resorts International: |
|
|
|
|
|
|
|
|
|
|
|
|
5.25%, 03/31/20 |
|
|
|
|
|
|
822 |
|
|
|
839,467 |
|
6.75%, 10/01/20 |
|
|
|
|
|
|
887 |
|
|
|
935,829 |
|
6.63%, 12/15/21 |
|
|
|
|
|
|
1,724 |
|
|
|
1,827,440 |
|
7.75%, 03/15/22 |
|
|
|
|
|
|
2,209 |
|
|
|
2,418,855 |
|
4.63%, 09/01/26 |
|
|
|
|
|
|
3,124 |
|
|
|
2,889,700 |
|
New Red Finance, Inc.(d): |
|
|
|
|
|
|
|
|
|
|
|
|
4.25%, 05/15/24 |
|
|
|
|
|
|
3,189 |
|
|
|
3,021,577 |
|
5.00%, 10/15/25 |
|
|
|
|
|
|
8,040 |
|
|
|
7,617,900 |
|
Sabre GLBL, Inc.(d): |
|
|
|
|
|
|
|
|
|
|
|
|
5.38%, 04/15/23 |
|
|
|
|
|
|
1,516 |
|
|
|
1,531,463 |
|
5.25%, 11/15/23 |
|
|
|
|
|
|
745 |
|
|
|
746,788 |
|
Schumann SpA, 7.00%, 07/31/23 |
|
|
EUR |
|
|
|
410 |
|
|
|
482,521 |
|
Scientific Games International, Inc.: |
|
|
|
|
|
|
|
|
|
|
|
|
10.00%, 12/01/22 |
|
|
USD |
|
|
|
9,118 |
|
|
|
9,779,146 |
|
5.00%, 10/15/25(d) |
|
|
|
|
|
|
2,619 |
|
|
|
2,527,335 |
|
3.38%, 02/15/26 |
|
|
EUR |
|
|
|
900 |
|
|
|
1,017,951 |
|
5.50%, 02/15/26 |
|
|
|
|
|
|
142 |
|
|
|
159,672 |
|
Six Flags Entertainment Corp.(d): |
|
|
|
|
|
|
|
|
|
|
|
|
4.88%, 07/31/24 |
|
|
USD |
|
|
|
3,413 |
|
|
|
3,293,545 |
|
5.50%, 04/15/27 |
|
|
|
|
|
|
301 |
|
|
|
291,880 |
|
Snai SpA, 6.38%, 11/07/21 |
|
|
EUR |
|
|
|
200 |
|
|
|
243,747 |
|
Station Casinos LLC, 5.00%, 10/01/25(d) |
|
|
USD |
|
|
|
2,555 |
|
|
|
2,455,355 |
|
Stonegate Pub Co. Financing PLC: |
|
|
|
|
|
|
|
|
|
|
|
|
4.88%, 03/15/22 |
|
|
GBP |
|
|
|
187 |
|
|
|
245,829 |
|
(3 mo. LIBOR GBP + 4.38%), 4.98%,
03/15/22(c) |
|
|
|
|
|
|
150 |
|
|
|
197,857 |
|
Unique Pub Finance Co. PLC, Series N, 6.46%, 03/30/32 |
|
|
|
|
|
|
1,000 |
|
|
|
1,293,841 |
|
Vue International Bidco PLC, 7.88%, 07/15/20 |
|
|
|
|
|
|
520 |
|
|
|
695,583 |
|
Wyndham Hotels & Resorts, Inc., 5.38%,
04/15/26(d) |
|
|
USD |
|
|
|
527 |
|
|
|
525,683 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
Par (000) |
|
|
Value |
|
Hotels, Restaurants & Leisure (continued) |
|
Wyndham Worldwide Corp.: |
|
|
|
|
|
|
|
|
|
|
|
|
4.15%, 04/01/24 |
|
|
USD |
|
|
|
1,161 |
|
|
$ |
1,148,064 |
|
5.10%, 10/01/25 |
|
|
|
|
|
|
31 |
|
|
|
32,049 |
|
4.50%, 04/01/27 |
|
|
|
|
|
|
205 |
|
|
|
202,393 |
|
Wynn Macau Ltd.(d): |
|
|
|
|
|
|
|
|
|
|
|
|
4.88%, 10/01/24 |
|
|
|
|
|
|
860 |
|
|
|
819,580 |
|
5.50%, 10/01/27 |
|
|
|
|
|
|
980 |
|
|
|
945,700 |
|
Yum! Brands, Inc., 3.88%, 11/01/23 |
|
|
|
|
|
|
721 |
|
|
|
688,555 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
66,859,717 |
|
Household Durables 2.1% |
|
Algeco Scotsman Global Finance PLC, 8.00%,
02/15/23(d) |
|
|
|
|
|
|
2,692 |
|
|
|
2,685,270 |
|
K Hovnanian Enterprises, Inc., 10.00%,
07/15/22(d) |
|
|
|
|
|
|
1,273 |
|
|
|
1,352,562 |
|
Lennar Corp.: |
|
|
|
|
|
|
|
|
|
|
|
|
4.50%, 11/15/19 |
|
|
|
|
|
|
2,482 |
|
|
|
2,503,717 |
|
6.63%, 05/01/20(d) |
|
|
|
|
|
|
1,160 |
|
|
|
1,210,750 |
|
8.38%, 01/15/21(d) |
|
|
|
|
|
|
2,810 |
|
|
|
3,091,000 |
|
4.75%, 04/01/21 |
|
|
|
|
|
|
314 |
|
|
|
317,046 |
|
4.13%, 01/15/22 |
|
|
|
|
|
|
1,014 |
|
|
|
1,000,686 |
|
4.75%, 11/15/22 |
|
|
|
|
|
|
1,542 |
|
|
|
1,534,444 |
|
4.88%, 12/15/23 |
|
|
|
|
|
|
968 |
|
|
|
965,580 |
|
5.25%, 06/01/26(d) |
|
|
|
|
|
|
302 |
|
|
|
295,960 |
|
4.75%, 11/29/27(d) |
|
|
|
|
|
|
2,510 |
|
|
|
2,340,575 |
|
Mattamy Group Corp.(d): |
|
|
|
|
|
|
|
|
|
|
|
|
6.88%, 12/15/23 |
|
|
|
|
|
|
1,062 |
|
|
|
1,092,533 |
|
6.50%, 10/01/25 |
|
|
|
|
|
|
1,107 |
|
|
|
1,094,236 |
|
MDC Holdings, Inc., 6.00%, 01/15/43 |
|
|
|
|
|
|
1,106 |
|
|
|
991,253 |
|
Meritage Homes Corp., 5.13%, 06/06/27 |
|
|
|
|
|
|
404 |
|
|
|
377,740 |
|
PulteGroup, Inc., 6.38%, 05/15/33 |
|
|
|
|
|
|
2,805 |
|
|
|
2,861,100 |
|
Tempur Sealy International, Inc., 5.50%, 06/15/26 |
|
|
|
|
|
|
2,203 |
|
|
|
2,125,895 |
|
Toll Brothers Finance Corp., 6.75%, 11/01/19 |
|
|
|
|
|
|
220 |
|
|
|
228,250 |
|
TRI Pointe Group, Inc.: |
|
|
|
|
|
|
|
|
|
|
|
|
4.38%, 06/15/19 |
|
|
|
|
|
|
1,060 |
|
|
|
1,060,000 |
|
4.88%, 07/01/21 |
|
|
|
|
|
|
1,275 |
|
|
|
1,278,187 |
|
5.88%, 06/15/24 |
|
|
|
|
|
|
770 |
|
|
|
765,919 |
|
5.25%, 06/01/27 |
|
|
|
|
|
|
530 |
|
|
|
494,066 |
|
William Lyon Homes, Inc.: |
|
|
|
|
|
|
|
|
|
|
|
|
6.00%, 09/01/23 (d) |
|
|
|
|
|
|
366 |
|
|
|
365,543 |
|
5.88%, 01/31/25 |
|
|
|
|
|
|
769 |
|
|
|
731,281 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
30,763,593 |
|
Household Products 0.2% |
|
Diamond (BC) BV, 5.63%, 08/15/25 |
|
|
EUR |
|
|
|
149 |
|
|
|
154,732 |
|
Prestige Brands, Inc., 6.38%, 03/01/24(d) |
|
|
USD |
|
|
|
2,034 |
|
|
|
2,003,490 |
|
|
|
|
Consolidated Schedule of Investments (unaudited) (continued)
May 31, 2018 |
|
BlackRock Corporate High Yield Fund, Inc. (HYT)
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
Par (000) |
|
|
Value |
|
Household Products (continued) |
|
Spectrum Brands, Inc., 6.63%, 11/15/22 |
|
|
USD |
|
|
|
1,385 |
|
|
$ |
1,431,397 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,589,619 |
|
Independent Power and Renewable Electricity Producers 2.4% |
|
AES Corp.: |
|
|
|
|
|
|
|
|
|
|
|
|
4.50%, 03/15/23 |
|
|
|
|
|
|
1,021 |
|
|
|
1,021,000 |
|
4.88%, 05/15/23 |
|
|
|
|
|
|
79 |
|
|
|
79,198 |
|
6.00%, 05/15/26 |
|
|
|
|
|
|
1,880 |
|
|
|
1,938,750 |
|
5.13%, 09/01/27 |
|
|
|
|
|
|
2,370 |
|
|
|
2,334,450 |
|
Calpine Corp.: |
|
|
|
|
|
|
|
|
|
|
|
|
6.00%, 01/15/22(d) |
|
|
|
|
|
|
251 |
|
|
|
255,393 |
|
5.38%, 01/15/23 |
|
|
|
|
|
|
1,558 |
|
|
|
1,483,995 |
|
5.88%, 01/15/24(d) |
|
|
|
|
|
|
1,903 |
|
|
|
1,898,242 |
|
5.25%, 06/01/26(d) |
|
|
|
|
|
|
4,767 |
|
|
|
4,504,815 |
|
Dynegy, Inc.: |
|
|
|
|
|
|
|
|
|
|
|
|
7.38%, 11/01/22 |
|
|
|
|
|
|
1,935 |
|
|
|
2,032,524 |
|
5.88%, 06/01/23 |
|
|
|
|
|
|
183 |
|
|
|
187,804 |
|
8.00%, 01/15/25(d) |
|
|
|
|
|
|
2,213 |
|
|
|
2,395,572 |
|
8.13%, 01/30/26(d) |
|
|
|
|
|
|
1,136 |
|
|
|
1,245,340 |
|
MPM Escrow LLC, 8.88%, 10/15/20(b)(e) |
|
|
|
|
|
|
3,738 |
|
|
|
|
|
NRG Energy, Inc.: |
|
|
|
|
|
|
|
|
|
|
|
|
6.25%, 07/15/22 |
|
|
|
|
|
|
1,384 |
|
|
|
1,425,520 |
|
6.25%, 05/01/24 |
|
|
|
|
|
|
469 |
|
|
|
484,243 |
|
6.63%, 01/15/27 |
|
|
|
|
|
|
7,549 |
|
|
|
7,794,342 |
|
5.75%, 01/15/28(d) |
|
|
|
|
|
|
1,736 |
|
|
|
1,714,300 |
|
NRG Yield Operating LLC, 5.38%, 08/15/24 |
|
|
|
|
|
|
1,789 |
|
|
|
1,780,055 |
|
TerraForm Power Operating LLC(d): |
|
|
|
|
|
|
|
|
|
|
|
|
4.25%, 01/31/23 |
|
|
|
|
|
|
1,191 |
|
|
|
1,149,315 |
|
6.63%, 06/15/25(l) |
|
|
|
|
|
|
140 |
|
|
|
149,100 |
|
5.00%, 01/31/28 |
|
|
|
|
|
|
1,185 |
|
|
|
1,118,344 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
34,992,302 |
|
Industrial Conglomerates 0.4% |
|
Algeco Global Finance PLC, 6.50%, 02/15/23 |
|
|
EUR |
|
|
|
500 |
|
|
|
599,138 |
|
Apergy Corp., 6.38%, 05/01/26(d) |
|
|
USD |
|
|
|
641 |
|
|
|
652,218 |
|
BWX Technologies, Inc., 5.38%, 07/15/26(d) |
|
|
|
|
|
|
659 |
|
|
|
665,590 |
|
Colfax Corp., 3.25%, 05/15/25 |
|
|
EUR |
|
|
|
489 |
|
|
|
573,947 |
|
Vertiv Group Corp., 9.25%, 10/15/24(d) |
|
|
USD |
|
|
|
3,730 |
|
|
|
3,655,400 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6,146,293 |
|
Insurance 1.2% |
|
Acrisure LLC/Acrisure Finance, Inc., 7.00%,
11/15/25(d) |
|
|
|
|
|
|
1,183 |
|
|
|
1,103,147 |
|
Ardonagh Midco 3 PLC: |
|
|
|
|
|
|
|
|
|
|
|
|
8.38%, 07/15/23 |
|
|
GBP |
|
|
|
500 |
|
|
|
686,051 |
|
8.63%, 07/15/23(d) |
|
|
USD |
|
|
|
2,812 |
|
|
|
2,903,390 |
|
Assicurazioni Generali SpA(h): |
|
|
|
|
|
|
|
|
|
|
|
|
(3 mo. Euribor + 7.11%), 7.75%, 12/12/42 |
|
|
EUR |
|
|
|
300 |
|
|
|
421,654 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
Par (000) |
|
|
Value |
|
Insurance (continued) |
|
(3 mo. Euribor + 5.35%), 5.50%, 10/27/47 |
|
|
EUR |
|
|
|
200 |
|
|
$ |
253,672 |
|
AssuredPartners, Inc., 7.00%, 08/15/25(d) |
|
|
USD |
|
|
|
441 |
|
|
|
431,078 |
|
BNP Paribas Cardif SA(3 mo. Euribor + 3.93%),
4.03%(h)(j) |
|
|
EUR |
|
|
|
100 |
|
|
|
122,492 |
|
Credit Agricole Assurances SA(5 year EUR Swap + 4.35%), 4.50%(h)(j) |
|
|
|
|
|
|
200 |
|
|
|
248,071 |
|
Delta Lloyd NV(3 mo. Euribor +
3.90%), 4.38%(h)(j) |
|
|
|
|
|
|
190 |
|
|
|
234,465 |
|
Groupama SA, 6.00%, 01/23/27 |
|
|
|
|
|
|
300 |
|
|
|
419,869 |
|
HUB International Ltd., 7.00%, 05/01/26(d) |
|
|
USD |
|
|
|
3,533 |
|
|
|
3,535,826 |
|
USIS Merger Sub, Inc., 6.88%, 05/01/25(d) |
|
|
|
|
|
|
544 |
|
|
|
548,080 |
|
Wayne Merger Sub LLC, 8.25%, 08/01/23(d) |
|
|
|
|
|
|
7,033 |
|
|
|
7,261,572 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
18,169,367 |
|
Internet Software & Services 0.9% |
|
Equinix, Inc.: |
|
|
|
|
|
|
|
|
|
|
|
|
5.38%, 01/01/22 |
|
|
|
|
|
|
1,110 |
|
|
|
1,141,912 |
|
2.88%, 03/15/24 |
|
|
EUR |
|
|
|
395 |
|
|
|
457,273 |
|
5.88%, 01/15/26 |
|
|
USD |
|
|
|
3,247 |
|
|
|
3,307,881 |
|
Netflix, Inc.: |
|
|
|
|
|
|
|
|
|
|
|
|
5.38%, 02/01/21 |
|
|
|
|
|
|
210 |
|
|
|
216,300 |
|
5.50%, 02/15/22 |
|
|
|
|
|
|
2,087 |
|
|
|
2,151,280 |
|
4.38%, 11/15/26 |
|
|
|
|
|
|
473 |
|
|
|
444,625 |
|
3.63%, 05/15/27 |
|
|
EUR |
|
|
|
274 |
|
|
|
317,277 |
|
5.88%, 11/15/28(d) |
|
|
USD |
|
|
|
2,567 |
|
|
|
2,580,605 |
|
Symantec Corp., 5.00%, 04/15/25(d) |
|
|
|
|
|
|
1,596 |
|
|
|
1,545,263 |
|
United Group BV: |
|
|
|
|
|
|
|
|
|
|
|
|
4.38%, 07/01/22 |
|
|
EUR |
|
|
|
258 |
|
|
|
308,069 |
|
(3 mo. Euribor + 4.38%), 4.38%,
07/01/23(c) |
|
|
|
|
|
|
395 |
|
|
|
462,121 |
|
ZPG PLC, 3.75%, 07/15/23 |
|
|
GBP |
|
|
|
268 |
|
|
|
367,043 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
13,299,649 |
|
IT Services 2.2% |
|
First Data Corp.(d): |
|
|
|
|
|
|
|
|
|
|
|
|
7.00%, 12/01/23 |
|
|
USD |
|
|
|
6,737 |
|
|
|
7,058,355 |
|
5.75%, 01/15/24 |
|
|
|
|
|
|
18,420 |
|
|
|
18,489,075 |
|
Gartner, Inc., 5.13%, 04/01/25(d) |
|
|
|
|
|
|
1,176 |
|
|
|
1,167,180 |
|
WEX, Inc., 4.75%, 02/01/23(d) |
|
|
|
|
|
|
5,476 |
|
|
|
5,489,690 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
32,204,300 |
|
Leisure Products 0.2% |
|
Mattel, Inc.: |
|
|
|
|
|
|
|
|
|
|
|
|
6.75%, 12/31/25(d) |
|
|
|
|
|
|
1,907 |
|
|
|
1,857,513 |
|
6.20%, 10/01/40 |
|
|
|
|
|
|
566 |
|
|
|
486,647 |
|
|
|
|
Consolidated Schedule of Investments (unaudited) (continued)
May 31, 2018 |
|
BlackRock Corporate High Yield Fund, Inc. (HYT)
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
Par (000) |
|
|
Value |
|
Leisure Products (continued) |
|
5.45%, 11/01/41 |
|
|
USD |
|
|
|
332 |
|
|
$ |
266,364 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,610,524 |
|
Machinery 0.8% |
|
Platin 1426 GmbH, 5.38%, 06/15/23 |
|
|
EUR |
|
|
|
258 |
|
|
|
296,415 |
|
SPX FLOW, Inc.(d): |
|
|
|
|
|
|
|
|
|
|
|
|
5.63%, 08/15/24 |
|
|
USD |
|
|
|
993 |
|
|
|
980,588 |
|
5.88%, 08/15/26 |
|
|
|
|
|
|
993 |
|
|
|
978,105 |
|
Terex Corp., 5.63%, 02/01/25(d) |
|
|
|
|
|
|
4,399 |
|
|
|
4,366,007 |
|
Titan Acquisition Ltd./Titan Co-Borrower LLC, 7.75%, 04/15/26(d) |
|
|
|
|
|
|
3,689 |
|
|
|
3,504,550 |
|
Wabash National Corp., 5.50%, 10/01/25(d) |
|
|
|
|
|
|
1,510 |
|
|
|
1,464,700 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
11,590,365 |
|
Media 12.8% |
|
Altice Financing SA(d): |
|
|
|
|
|
|
|
|
|
|
|
|
6.63%, 02/15/23 |
|
|
|
|
|
|
2,401 |
|
|
|
2,366,906 |
|
7.50%, 05/15/26 |
|
|
|
|
|
|
4,574 |
|
|
|
4,373,887 |
|
Altice France SA(d): |
|
|
|
|
|
|
|
|
|
|
|
|
6.00%, 05/15/22 |
|
|
|
|
|
|
5,489 |
|
|
|
5,468,416 |
|
7.38%, 05/01/26 |
|
|
|
|
|
|
9,068 |
|
|
|
8,818,630 |
|
Altice Luxembourg SA: |
|
|
|
|
|
|
|
|
|
|
|
|
7.25%, 05/15/22 |
|
|
EUR |
|
|
|
574 |
|
|
|
667,570 |
|
7.75%, 05/15/22(d) |
|
|
USD |
|
|
|
6,688 |
|
|
|
6,420,480 |
|
6.25%, 02/15/25 |
|
|
EUR |
|
|
|
150 |
|
|
|
170,572 |
|
Altice US Finance I Corp.(d): |
|
|
|
|
|
|
|
|
|
|
|
|
5.38%, 07/15/23 |
|
|
USD |
|
|
|
7,810 |
|
|
|
7,692,850 |
|
5.50%, 05/15/26 |
|
|
|
|
|
|
1,711 |
|
|
|
1,643,073 |
|
AMC Networks, Inc.: |
|
|
|
|
|
|
|
|
|
|
|
|
5.00%, 04/01/24 |
|
|
|
|
|
|
1,165 |
|
|
|
1,127,196 |
|
4.75%, 08/01/25 |
|
|
|
|
|
|
2,152 |
|
|
|
2,017,500 |
|
Block Communications, Inc., 6.88%, 02/15/25(d) |
|
|
|
|
|
|
685 |
|
|
|
690,138 |
|
Cablevision Systems Corp., 8.00%, 04/15/20 |
|
|
|
|
|
|
2,224 |
|
|
|
2,346,320 |
|
Capital Stage Finance BV, 5.25%(e)(j)(k) |
|
|
EUR |
|
|
|
100 |
|
|
|
126,667 |
|
CBS Radio, Inc., 7.25%, 11/01/24(d) |
|
|
USD |
|
|
|
399 |
|
|
|
383,040 |
|
CCO Holdings LLC/CCO Holdings
Capital Corp.(d): |
|
|
|
|
|
|
|
|
|
|
|
|
4.00%, 03/01/23 |
|
|
|
|
|
|
1,937 |
|
|
|
1,850,067 |
|
5.13%, 05/01/23 |
|
|
|
|
|
|
137 |
|
|
|
136,144 |
|
5.13%, 05/01/27 |
|
|
|
|
|
|
15,268 |
|
|
|
14,294,665 |
|
5.00%, 02/01/28 |
|
|
|
|
|
|
2,146 |
|
|
|
1,985,050 |
|
Cequel Communications Holdings I LLC/Cequel Capital
Corp.(d): |
|
|
|
|
|
|
|
|
|
|
|
|
5.13%, 12/15/21 |
|
|
|
|
|
|
6,425 |
|
|
|
6,393,206 |
|
7.75%, 07/15/25 |
|
|
|
|
|
|
6,642 |
|
|
|
6,874,470 |
|
7.50%, 04/01/28 |
|
|
|
|
|
|
3,080 |
|
|
|
3,083,850 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
Par (000) |
|
|
Value |
|
Media (continued) |
|
Clear Channel International
BV, 8.75%, 12/15/20(d) |
|
|
USD |
|
|
|
4,201 |
|
|
$ |
4,358,537 |
|
Clear Channel Worldwide Holdings, Inc.: |
|
|
|
|
|
|
|
|
|
|
|
|
6.50%, 11/15/22 |
|
|
|
|
|
|
15,259 |
|
|
|
15,577,210 |
|
Series B, 7.63%, 03/15/20 |
|
|
|
|
|
|
6,065 |
|
|
|
6,065,000 |
|
CSC Holdings LLC: |
|
|
|
|
|
|
|
|
|
|
|
|
7.63%, 07/15/18 |
|
|
|
|
|
|
351 |
|
|
|
352,755 |
|
10.13%, 01/15/23(d) |
|
|
|
|
|
|
4,866 |
|
|
|
5,395,177 |
|
5.25%, 06/01/24 |
|
|
|
|
|
|
4,789 |
|
|
|
4,526,563 |
|
6.63%, 10/15/25(d) |
|
|
|
|
|
|
419 |
|
|
|
432,618 |
|
10.88%, 10/15/25(d) |
|
|
|
|
|
|
11,138 |
|
|
|
12,906,157 |
|
DISH DBS Corp.: |
|
|
|
|
|
|
|
|
|
|
|
|
6.75%, 06/01/21 |
|
|
|
|
|
|
74 |
|
|
|
74,000 |
|
5.88%, 07/15/22 |
|
|
|
|
|
|
2,966 |
|
|
|
2,782,108 |
|
5.00%, 03/15/23 |
|
|
|
|
|
|
1,948 |
|
|
|
1,679,585 |
|
5.88%, 11/15/24 |
|
|
|
|
|
|
3,024 |
|
|
|
2,512,793 |
|
7.75%, 07/01/26 |
|
|
|
|
|
|
4,963 |
|
|
|
4,286,791 |
|
DISH Network Corp., 3.38%, 08/15/26(k) |
|
|
|
|
|
|
1,514 |
|
|
|
1,342,645 |
|
eircom Finance DAC, 4.50%, 05/31/22 |
|
|
EUR |
|
|
|
300 |
|
|
|
357,799 |
|
GTT Communications, Inc., 7.88%, 12/31/24(d) |
|
|
USD |
|
|
|
2,446 |
|
|
|
2,446,000 |
|
Hughes Satellite Systems Corp.: |
|
|
|
|
|
|
|
|
|
|
|
|
7.63%, 06/15/21 |
|
|
|
|
|
|
595 |
|
|
|
633,675 |
|
5.25%, 08/01/26 |
|
|
|
|
|
|
2,908 |
|
|
|
2,766,235 |
|
Intelsat Jackson Holdings SA: |
|
|
|
|
|
|
|
|
|
|
|
|
7.25%, 10/15/20 |
|
|
|
|
|
|
2,603 |
|
|
|
2,550,940 |
|
5.50%, 08/01/23 |
|
|
|
|
|
|
2,702 |
|
|
|
2,362,561 |
|
9.75%, 07/15/25(d) |
|
|
|
|
|
|
3,508 |
|
|
|
3,639,550 |
|
LGE HoldCo VI BV, 7.13%, 05/15/24 |
|
|
EUR |
|
|
|
300 |
|
|
|
377,019 |
|
MDC Partners, Inc., 6.50%, 05/01/24(d) |
|
|
USD |
|
|
|
2,003 |
|
|
|
1,772,655 |
|
Meredith Corp., 6.88%, 02/01/26(d) |
|
|
|
|
|
|
776 |
|
|
|
783,760 |
|
Midcontinent Communications/Midcontinent Finance Corp., 6.88%, 08/15/23(d) |
|
|
|
|
|
|
1,100 |
|
|
|
1,157,750 |
|
Numericable Group SA, 5.38%, 05/15/22 |
|
|
EUR |
|
|
|
280 |
|
|
|
334,699 |
|
Qualitytech LP/QTS Finance Corp., 4.75%,
11/15/25(d) |
|
|
USD |
|
|
|
1,450 |
|
|
|
1,353,068 |
|
Radiate Holdco LLC/Radiate Finance, Inc., 6.88%,
02/15/23(d) |
|
|
|
|
|
|
390 |
|
|
|
370,500 |
|
Sirius XM Radio, Inc.(d): |
|
|
|
|
|
|
|
|
|
|
|
|
4.63%, 05/15/23 |
|
|
|
|
|
|
230 |
|
|
|
226,263 |
|
5.00%, 08/01/27 |
|
|
|
|
|
|
1,010 |
|
|
|
959,641 |
|
TEGNA, Inc.: |
|
|
|
|
|
|
|
|
|
|
|
|
5.13%, 10/15/19 |
|
|
|
|
|
|
457 |
|
|
|
458,143 |
|
5.50%, 09/15/24(d) |
|
|
|
|
|
|
344 |
|
|
|
345,720 |
|
Tele Columbus AG, 3.88%, 05/02/25 |
|
|
EUR |
|
|
|
200 |
|
|
|
225,627 |
|
Telenet Finance Luxembourg Notes Sarl, 5.50%,
03/01/28(d) |
|
|
USD |
|
|
|
1,800 |
|
|
|
1,746,310 |
|
Telenet Finance VI Luxembourg SCA, 4.88%, 07/15/27 |
|
|
EUR |
|
|
|
351 |
|
|
|
445,413 |
|
|
|
|
Consolidated Schedule of Investments (unaudited) (continued)
May 31, 2018 |
|
BlackRock Corporate High Yield Fund, Inc. (HYT)
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
Par (000) |
|
|
Value |
|
Media (continued) |
|
Telesat Canada/Telesat LLC, 8.88%,
11/15/24(d) |
|
|
USD |
|
|
|
2,154 |
|
|
$ |
2,342,475 |
|
Tribune Media Co., 5.88%, 07/15/22 |
|
|
|
|
|
|
172 |
|
|
|
173,935 |
|
Unitymedia GmbH, 3.75%, 01/15/27 |
|
|
EUR |
|
|
|
300 |
|
|
|
368,251 |
|
Unitymedia Hessen GmbH & Co. KG/Unitymedia NRW GmbH: |
|
|
|
|
|
|
|
|
|
|
|
|
5.63%, 04/15/23 |
|
|
|
|
|
|
146 |
|
|
|
174,944 |
|
3.50%, 01/15/27 |
|
|
|
|
|
|
200 |
|
|
|
245,851 |
|
6.25%, 01/15/29 |
|
|
|
|
|
|
800 |
|
|
|
1,053,240 |
|
Univision Communications, Inc.(d): |
|
|
|
|
|
|
|
|
|
|
|
|
5.13%, 05/15/23 |
|
|
USD |
|
|
|
2,315 |
|
|
|
2,193,462 |
|
5.13%, 02/15/25 |
|
|
|
|
|
|
1,200 |
|
|
|
1,105,080 |
|
UPCB Finance IV Ltd.: |
|
|
|
|
|
|
|
|
|
|
|
|
5.38%, 01/15/25(d) |
|
|
|
|
|
|
992 |
|
|
|
952,320 |
|
4.00%, 01/15/27 |
|
|
EUR |
|
|
|
400 |
|
|
|
481,596 |
|
UPCB Finance VII Ltd., 3.63%, 06/15/29 |
|
|
|
|
|
|
160 |
|
|
|
184,183 |
|
Videotron Ltd., 5.13%, 04/15/27(d) |
|
|
USD |
|
|
|
2,383 |
|
|
|
2,305,552 |
|
Virgin Media Finance PLC: |
|
|
|
|
|
|
|
|
|
|
|
|
4.50%, 01/15/25 |
|
|
EUR |
|
|
|
183 |
|
|
|
216,375 |
|
5.75%, 01/15/25(d) |
|
|
USD |
|
|
|
4,788 |
|
|
|
4,530,645 |
|
Virgin Media Receivables Financing Notes I DAC, 5.50%, 09/15/24 |
|
|
GBP |
|
|
|
678 |
|
|
|
892,427 |
|
Virgin Media Receivables Financing Notes II DAC, 5.75%, 04/15/23 |
|
|
|
|
|
|
250 |
|
|
|
337,323 |
|
Virgin Media Secured Finance PLC: |
|
|
|
|
|
|
|
|
|
|
|
|
5.13%, 01/15/25 |
|
|
|
|
|
|
210 |
|
|
|
284,859 |
|
4.88%, 01/15/27 |
|
|
|
|
|
|
309 |
|
|
|
401,537 |
|
6.25%, 03/28/29 |
|
|
|
|
|
|
829 |
|
|
|
1,158,511 |
|
Ziggo Bond Finance BV: |
|
|
|
|
|
|
|
|
|
|
|
|
4.63%, 01/15/25 |
|
|
EUR |
|
|
|
300 |
|
|
|
351,466 |
|
5.88%, 01/15/25(d) |
|
|
USD |
|
|
|
2,643 |
|
|
|
2,497,635 |
|
Ziggo Secured Finance BV: |
|
|
|
|
|
|
|
|
|
|
|
|
4.25%, 01/15/27 |
|
|
EUR |
|
|
|
260 |
|
|
|
304,265 |
|
5.50%, 01/15/27(d) |
|
|
USD |
|
|
|
1,158 |
|
|
|
1,105,543 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
190,197,439 |
|
Metals & Mining 5.5% |
|
Alcoa Nederland Holding BV(d): |
|
|
|
|
|
|
|
|
|
|
|
|
7.00%, 09/30/26 |
|
|
|
|
|
|
681 |
|
|
|
733,778 |
|
6.13%, 05/15/28 |
|
|
|
|
|
|
608 |
|
|
|
624,720 |
|
Big River Steel LLC/BRS Finance Corp., 7.25%,
09/01/25(d) |
|
|
|
|
|
|
1,407 |
|
|
|
1,465,039 |
|
Cleveland-Cliffs, Inc., 4.88%, 01/15/24(d) |
|
|
|
|
|
|
1,222 |
|
|
|
1,193,747 |
|
CONSOL Energy, Inc., 11.00%, 11/15/25(d) |
|
|
|
|
|
|
2,194 |
|
|
|
2,405,173 |
|
Constellium NV: |
|
|
|
|
|
|
|
|
|
|
|
|
5.75%, 05/15/24(d) |
|
|
|
|
|
|
1,392 |
|
|
|
1,343,280 |
|
6.63%, 03/01/25(d) |
|
|
|
|
|
|
1,231 |
|
|
|
1,226,384 |
|
4.25%, 02/15/26 |
|
|
EUR |
|
|
|
151 |
|
|
|
175,337 |
|
5.88%, 02/15/26(d) |
|
|
USD |
|
|
|
3,427 |
|
|
|
3,264,217 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
Par (000) |
|
|
Value |
|
Metals & Mining (continued) |
|
First Quantum Minerals Ltd.(d): |
|
|
|
|
|
|
|
|
|
|
|
|
7.25%, 05/15/22 |
|
|
USD |
|
|
|
791 |
|
|
$ |
795,944 |
|
6.50%, 03/01/24 |
|
|
|
|
|
|
413 |
|
|
|
392,350 |
|
Freeport-McMoRan, Inc.: |
|
|
|
|
|
|
|
|
|
|
|
|
3.10%, 03/15/20 |
|
|
|
|
|
|
2,976 |
|
|
|
2,935,080 |
|
4.00%, 11/14/21 |
|
|
|
|
|
|
2,078 |
|
|
|
2,057,220 |
|
3.55%, 03/01/22 |
|
|
|
|
|
|
5,170 |
|
|
|
4,995,512 |
|
3.88%, 03/15/23 |
|
|
|
|
|
|
6,256 |
|
|
|
6,013,643 |
|
5.40%, 11/14/34 |
|
|
|
|
|
|
689 |
|
|
|
633,880 |
|
5.45%, 03/15/43 |
|
|
|
|
|
|
7,358 |
|
|
|
6,640,595 |
|
Grinding Media, Inc./Moly-Cop AltaSteel Ltd., 7.38%, 12/15/23(d) |
|
|
|
|
|
|
2,662 |
|
|
|
2,809,688 |
|
Joseph T Ryerson & Son, Inc., 11.00%,
05/15/22(d) |
|
|
|
|
|
|
1,378 |
|
|
|
1,519,245 |
|
Kaiser Aluminum Corp., 5.88%, 05/15/24 |
|
|
|
|
|
|
773 |
|
|
|
794,258 |
|
Novelis Corp.(d): |
|
|
|
|
|
|
|
|
|
|
|
|
6.25%, 08/15/24 |
|
|
|
|
|
|
8,460 |
|
|
|
8,566,596 |
|
5.88%, 09/30/26 |
|
|
|
|
|
|
5,671 |
|
|
|
5,558,147 |
|
Nyrstar Netherlands Holdings BV, 6.88%, 03/15/24 |
|
|
EUR |
|
|
|
530 |
|
|
|
597,911 |
|
Ovako AB, 5.00%, 10/05/22 |
|
|
|
|
|
|
400 |
|
|
|
476,479 |
|
Steel Dynamics, Inc.: |
|
|
|
|
|
|
|
|
|
|
|
|
5.25%, 04/15/23 |
|
|
USD |
|
|
|
949 |
|
|
|
964,421 |
|
5.50%, 10/01/24 |
|
|
|
|
|
|
1,540 |
|
|
|
1,570,800 |
|
4.13%, 09/15/25 |
|
|
|
|
|
|
1,275 |
|
|
|
1,204,875 |
|
5.00%, 12/15/26 |
|
|
|
|
|
|
470 |
|
|
|
464,736 |
|
SunCoke Energy Partners LP/SunCoke Energy Partners Finance Corp., 7.50%, 06/15/25(d) |
|
|
|
|
|
|
1,660 |
|
|
|
1,684,900 |
|
Teck Resources Ltd.: |
|
|
|
|
|
|
|
|
|
|
|
|
4.50%, 01/15/21 |
|
|
|
|
|
|
902 |
|
|
|
909,893 |
|
3.75%, 02/01/23 |
|
|
|
|
|
|
2,259 |
|
|
|
2,182,781 |
|
8.50%, 06/01/24(d) |
|
|
|
|
|
|
4,081 |
|
|
|
4,514,606 |
|
5.20%, 03/01/42 |
|
|
|
|
|
|
2,547 |
|
|
|
2,305,035 |
|
5.40%, 02/01/43 |
|
|
|
|
|
|
3,691 |
|
|
|
3,404,947 |
|
ThyssenKrupp AG: |
|
|
|
|
|
|
|
|
|
|
|
|
2.75%, 03/08/21 |
|
|
EUR |
|
|
|
100 |
|
|
|
122,530 |
|
1.38%, 03/03/22 |
|
|
|
|
|
|
675 |
|
|
|
793,064 |
|
2.50%, 02/25/25 |
|
|
|
|
|
|
100 |
|
|
|
122,035 |
|
United States Steel Corp.: |
|
|
|
|
|
|
|
|
|
|
|
|
6.88%, 08/15/25 |
|
|
USD |
|
|
|
1,912 |
|
|
|
1,955,402 |
|
6.25%, 03/15/26 |
|
|
|
|
|
|
2,091 |
|
|
|
2,072,076 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
81,490,324 |
|
Multi-Utilities 0.2% |
|
NGL Energy Partners LP/NGL Energy Finance Corp.: |
|
|
|
|
|
|
|
|
|
|
|
|
5.13%, 07/15/19 |
|
|
|
|
|
|
980 |
|
|
|
980,000 |
|
|
|
|
Consolidated Schedule of Investments (unaudited) (continued)
May 31, 2018 |
|
BlackRock Corporate High Yield Fund, Inc. (HYT)
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
Par (000) |
|
|
Value |
|
Multi-Utilities (continued) |
|
6.88%, 10/15/21 |
|
|
USD |
|
|
|
1,624 |
|
|
$ |
1,640,240 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,620,240 |
|
Multiline Retail 0.1% |
|
Neiman Marcus Group Ltd., 8.00%, 10/15/21(d) |
|
|
|
|
|
|
1,214 |
|
|
|
868,010 |
|
|
|
|
|
|
|
|
|
|
Offshore Drilling & Other Services 0.1% |
|
Entegris, Inc., 4.63%, 02/10/26(d) |
|
|
|
|
|
|
1,250 |
|
|
|
1,198,438 |
|
|
|
|
|
|
|
|
|
|
Oil, Gas & Consumable Fuels 14.0% |
|
Aker BP ASA, 5.88%, 03/31/25(d) |
|
|
|
|
|
|
1,616 |
|
|
|
1,664,480 |
|
Alta Mesa Holdings LP/Alta Mesa Finance Services Corp., 7.88%, 12/15/24 |
|
|
|
|
|
|
801 |
|
|
|
839,048 |
|
Andeavor Logistics LP, Series A, 6.88%(e)(j) |
|
|
|
|
|
|
2,138 |
|
|
|
2,138,428 |
|
Antero Midstream Partners LP/Antero Midstream Finance Corp., 5.38%, 09/15/24 |
|
|
|
|
|
|
385 |
|
|
|
377,300 |
|
Antero Resources Corp.: |
|
|
|
|
|
|
|
|
|
|
|
|
5.13%, 12/01/22 |
|
|
|
|
|
|
744 |
|
|
|
747,720 |
|
5.63%, 06/01/23 |
|
|
|
|
|
|
644 |
|
|
|
653,660 |
|
Ascent Resources Utica Holdings LLC/ARU Finance Corp., 10.00%, 04/01/22(d) |
|
|
|
|
|
|
1,471 |
|
|
|
1,585,003 |
|
Berry Petroleum Co. LLC, 7.00%, 02/15/26(d) |
|
|
|
|
|
|
845 |
|
|
|
859,788 |
|
California Resources Corp., 8.00%, 12/15/22(d) |
|
|
|
|
|
|
2,740 |
|
|
|
2,418,269 |
|
Callon Petroleum Co.: |
|
|
|
|
|
|
|
|
|
|
|
|
6.13%, 10/01/24 |
|
|
|
|
|
|
2,758 |
|
|
|
2,782,132 |
|
6.38%, 07/01/26(d) |
|
|
|
|
|
|
1,042 |
|
|
|
1,042,000 |
|
Calumet Specialty Products Partners LP/Calumet Finance Corp.: |
|
|
|
|
|
|
|
|
|
|
|
|
6.50%, 04/15/21 |
|
|
|
|
|
|
124 |
|
|
|
121,985 |
|
7.63%, 01/15/22 |
|
|
|
|
|
|
1,484 |
|
|
|
1,467,305 |
|
Carrizo Oil & Gas, Inc.: |
|
|
|
|
|
|
|
|
|
|
|
|
6.25%, 04/15/23 |
|
|
|
|
|
|
1,544 |
|
|
|
1,563,300 |
|
8.25%, 07/15/25 |
|
|
|
|
|
|
819 |
|
|
|
872,235 |
|
Cheniere Corpus Christi Holdings LLC: |
|
|
|
|
|
|
|
|
|
|
|
|
7.00%, 06/30/24 |
|
|
|
|
|
|
1,928 |
|
|
|
2,111,179 |
|
5.88%, 03/31/25 |
|
|
|
|
|
|
2,359 |
|
|
|
2,462,206 |
|
5.13%, 06/30/27 |
|
|
|
|
|
|
4,791 |
|
|
|
4,761,056 |
|
Cheniere Energy Partners LP, 5.25%,
10/01/25(d) |
|
|
|
|
|
|
2,610 |
|
|
|
2,538,225 |
|
Chesapeake Energy Corp.: |
|
|
|
|
|
|
|
|
|
|
|
|
5.75%, 03/15/23 |
|
|
|
|
|
|
216 |
|
|
|
203,040 |
|
8.00%, 01/15/25 |
|
|
|
|
|
|
475 |
|
|
|
472,031 |
|
8.00%, 06/15/27 |
|
|
|
|
|
|
5,527 |
|
|
|
5,485,547 |
|
CNX Resources Corp., 5.88%, 04/15/22 |
|
|
|
|
|
|
8,321 |
|
|
|
8,393,809 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
Par (000) |
|
|
Value |
|
Oil, Gas & Consumable Fuels (continued) |
|
CONSOL Energy, Inc., 8.00%, 04/01/23 |
|
|
USD |
|
|
|
315 |
|
|
$ |
334,688 |
|
Covey Park Energy LLC/Covey Park Finance Corp., 7.50%,
05/15/25(d) |
|
|
|
|
|
|
2,884 |
|
|
|
2,855,160 |
|
Crestwood Midstream Partners LP/Crestwood Midstream Finance Corp., 6.25%, 04/01/23 |
|
|
|
|
|
|
385 |
|
|
|
391,738 |
|
CrownRock LP/CrownRock Finance, Inc., 5.63%,
10/15/25(d) |
|
|
|
|
|
|
5,254 |
|
|
|
5,109,620 |
|
DCP Midstream LLC(d): |
|
|
|
|
|
|
|
|
|
|
|
|
6.45%, 11/03/36 |
|
|
|
|
|
|
1,258 |
|
|
|
1,336,625 |
|
6.75%, 09/15/37 |
|
|
|
|
|
|
1,490 |
|
|
|
1,592,437 |
|
DEA Finance SA, 7.50%, 10/15/22 |
|
|
EUR |
|
|
|
330 |
|
|
|
414,026 |
|
Denbury Resources, Inc., 9.25%, 03/31/22(d) |
|
|
USD |
|
|
|
3,335 |
|
|
|
3,543,437 |
|
Diamond Offshore Drilling, Inc., 7.88%, 08/15/25 |
|
|
|
|
|
|
620 |
|
|
|
640,150 |
|
Diamondback Energy, Inc.: |
|
|
|
|
|
|
|
|
|
|
|
|
4.75%, 11/01/24 |
|
|
|
|
|
|
928 |
|
|
|
895,520 |
|
5.38%, 05/31/25 |
|
|
|
|
|
|
559 |
|
|
|
553,410 |
|
Eclipse Resources Corp., 8.88%, 07/15/23 |
|
|
|
|
|
|
550 |
|
|
|
517,000 |
|
Endeavor Energy Resources LP/EER
Finance, Inc.(d): |
|
|
|
|
|
|
|
|
|
|
|
|
5.50%, 01/30/26 |
|
|
|
|
|
|
570 |
|
|
|
558,600 |
|
5.75%, 01/30/28 |
|
|
|
|
|
|
1,188 |
|
|
|
1,167,210 |
|
Energy Transfer Equity LP: |
|
|
|
|
|
|
|
|
|
|
|
|
7.50%, 10/15/20 |
|
|
|
|
|
|
665 |
|
|
|
716,538 |
|
4.25%, 03/15/23 |
|
|
|
|
|
|
2,490 |
|
|
|
2,412,187 |
|
5.88%, 01/15/24 |
|
|
|
|
|
|
1,441 |
|
|
|
1,495,038 |
|
5.50%, 06/01/27 |
|
|
|
|
|
|
1,126 |
|
|
|
1,141,483 |
|
Ensco PLC, 7.75%, 02/01/26 |
|
|
|
|
|
|
2,928 |
|
|
|
2,788,920 |
|
EP Energy LLC/Everest Acquisition Finance, Inc.: |
|
|
|
|
|
|
|
|
|
|
|
|
9.38%, 05/01/20 |
|
|
|
|
|
|
122 |
|
|
|
118,950 |
|
9.38%, 05/01/24(d) |
|
|
|
|
|
|
2,321 |
|
|
|
1,822,681 |
|
8.00%, 11/29/24(d) |
|
|
|
|
|
|
221 |
|
|
|
218,790 |
|
7.75%, 05/15/26(d) |
|
|
|
|
|
|
2,875 |
|
|
|
2,925,312 |
|
Extraction Oil & Gas, Inc.(d): |
|
|
|
|
|
|
|
|
|
|
|
|
7.38%, 05/15/24 |
|
|
|
|
|
|
1,181 |
|
|
|
1,237,098 |
|
5.63%, 02/01/26 |
|
|
|
|
|
|
2,613 |
|
|
|
2,501,947 |
|
Genesis Energy LP/Genesis Energy Finance Corp.: |
|
|
|
|
|
|
|
|
|
|
|
|
6.50%, 10/01/25 |
|
|
|
|
|
|
716 |
|
|
|
689,150 |
|
6.25%, 05/15/26 |
|
|
|
|
|
|
1,040 |
|
|
|
977,600 |
|
Great Western Petroleum LLC/Great Western Finance, Inc., 9.00%, 09/30/21(d) |
|
|
|
|
|
|
2,055 |
|
|
|
2,111,512 |
|
Gulfport Energy Corp.: |
|
|
|
|
|
|
|
|
|
|
|
|
6.63%, 05/01/23 |
|
|
|
|
|
|
1,334 |
|
|
|
1,340,670 |
|
6.00%, 10/15/24 |
|
|
|
|
|
|
490 |
|
|
|
460,600 |
|
6.38%, 05/15/25 |
|
|
|
|
|
|
318 |
|
|
|
305,277 |
|
6.38%, 01/15/26 |
|
|
|
|
|
|
889 |
|
|
|
848,995 |
|
|
|
|
Consolidated Schedule of Investments (unaudited) (continued)
May 31, 2018 |
|
BlackRock Corporate High Yield Fund, Inc. (HYT)
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
Par (000) |
|
|
Value |
|
Oil, Gas & Consumable Fuels (continued) |
|
Halcon Resources Corp., Series WI, 6.75%, 02/15/25 |
|
|
USD |
|
|
|
3,919 |
|
|
$ |
3,683,860 |
|
Hess Infrastructure Partners LP/Hess Infrastructure Partners Finance Corp., 5.63%, 02/15/26(d) |
|
|
|
|
|
|
2,470 |
|
|
|
2,482,350 |
|
Indigo Natural Resources LLC, 6.88%,
02/15/26(d) |
|
|
|
|
|
|
612 |
|
|
|
584,460 |
|
Jagged Peak Energy LLC, 5.88%, 05/01/26(d) |
|
|
|
|
|
|
1,039 |
|
|
|
1,026,013 |
|
Matador Resources Co., 6.88%, 04/15/23 |
|
|
|
|
|
|
4 |
|
|
|
4,185 |
|
MEG Energy Corp.(d): |
|
|
|
|
|
|
|
|
|
|
|
|
6.38%, 01/30/23 |
|
|
|
|
|
|
1,897 |
|
|
|
1,712,042 |
|
7.00%, 03/31/24 |
|
|
|
|
|
|
1,592 |
|
|
|
1,436,780 |
|
6.50%, 01/15/25 |
|
|
|
|
|
|
3,410 |
|
|
|
3,417,468 |
|
Murphy Oil Corp.: |
|
|
|
|
|
|
|
|
|
|
|
|
6.88%, 08/15/24 |
|
|
|
|
|
|
2,221 |
|
|
|
2,354,260 |
|
5.75%, 08/15/25 |
|
|
|
|
|
|
106 |
|
|
|
105,735 |
|
5.88%, 12/01/42 |
|
|
|
|
|
|
247 |
|
|
|
225,573 |
|
Nabors Industries, Inc.: |
|
|
|
|
|
|
|
|
|
|
|
|
4.63%, 09/15/21 |
|
|
|
|
|
|
303 |
|
|
|
296,940 |
|
5.75%, 02/01/25(d) |
|
|
|
|
|
|
780 |
|
|
|
739,050 |
|
Neptune Energy Bondco PLC, 6.63%,
05/15/25(d) |
|
|
|
|
|
|
250 |
|
|
|
248,125 |
|
New Enterprise Stone & Lime Co., Inc., 6.25%, 03/15/26(d) |
|
|
|
|
|
|
480 |
|
|
|
482,400 |
|
Newfield Exploration Co.: |
|
|
|
|
|
|
|
|
|
|
|
|
5.63%, 07/01/24 |
|
|
|
|
|
|
345 |
|
|
|
363,872 |
|
5.38%, 01/01/26 |
|
|
|
|
|
|
1,628 |
|
|
|
1,674,805 |
|
NGPL PipeCo LLC(d): |
|
|
|
|
|
|
|
|
|
|
|
|
4.38%, 08/15/22 |
|
|
|
|
|
|
1,254 |
|
|
|
1,252,433 |
|
4.88%, 08/15/27 |
|
|
|
|
|
|
1,223 |
|
|
|
1,187,411 |
|
7.77%, 12/15/37 |
|
|
|
|
|
|
3,517 |
|
|
|
4,132,475 |
|
Noble Holding International Ltd.: |
|
|
|
|
|
|
|
|
|
|
|
|
7.75%, 01/15/24 |
|
|
|
|
|
|
2,169 |
|
|
|
2,033,437 |
|
7.88%, 02/01/26(d) |
|
|
|
|
|
|
4,810 |
|
|
|
4,900,187 |
|
Oasis Petroleum, Inc.: |
|
|
|
|
|
|
|
|
|
|
|
|
6.88%, 03/15/22 |
|
|
|
|
|
|
839 |
|
|
|
851,585 |
|
6.88%, 01/15/23 |
|
|
|
|
|
|
153 |
|
|
|
155,295 |
|
Paramount Resources Ltd., 6.88%, 06/30/23(d) |
|
|
|
|
|
|
1,869 |
|
|
|
1,934,415 |
|
Parkland Fuel Corp., 6.00%, 04/01/26(d) |
|
|
|
|
|
|
308 |
|
|
|
304,920 |
|
Parsley Energy LLC/Parsley Finance Corp.(d): |
|
|
|
|
|
|
|
|
|
|
|
|
6.25%, 06/01/24 |
|
|
|
|
|
|
458 |
|
|
|
472,885 |
|
5.38%, 01/15/25 |
|
|
|
|
|
|
2,170 |
|
|
|
2,142,875 |
|
5.25%, 08/15/25 |
|
|
|
|
|
|
532 |
|
|
|
516,040 |
|
5.63%, 10/15/27 |
|
|
|
|
|
|
1,353 |
|
|
|
1,336,088 |
|
PBF Holding Co. LLC/ PBF Finance Corp., 7.25%, 06/15/25 |
|
|
|
|
|
|
1,424 |
|
|
|
1,476,973 |
|
PDC Energy, Inc.: |
|
|
|
|
|
|
|
|
|
|
|
|
6.13%, 09/15/24 |
|
|
|
|
|
|
250 |
|
|
|
254,375 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
Par (000) |
|
|
Value |
|
Oil, Gas & Consumable Fuels (continued) |
|
5.75%, 05/15/26(d) |
|
|
USD |
|
|
|
1,240 |
|
|
$ |
1,227,600 |
|
Petroleos Mexicanos, 5.38%, 03/13/22 |
|
|
|
|
|
|
270 |
|
|
|
276,726 |
|
Precision Drilling Corp., 7.13%, 01/15/26(d) |
|
|
|
|
|
|
2,023 |
|
|
|
2,063,460 |
|
QEP Resources, Inc.: |
|
|
|
|
|
|
|
|
|
|
|
|
6.88%, 03/01/21 |
|
|
|
|
|
|
88 |
|
|
|
93,280 |
|
5.38%, 10/01/22 |
|
|
|
|
|
|
2,610 |
|
|
|
2,654,892 |
|
5.63%, 03/01/26 |
|
|
|
|
|
|
1,594 |
|
|
|
1,522,270 |
|
Range Resources Corp.: |
|
|
|
|
|
|
|
|
|
|
|
|
5.88%, 07/01/22 |
|
|
|
|
|
|
1,933 |
|
|
|
1,947,497 |
|
5.00%, 08/15/22 |
|
|
|
|
|
|
530 |
|
|
|
524,700 |
|
5.00%, 03/15/23 |
|
|
|
|
|
|
37 |
|
|
|
35,890 |
|
4.88%, 05/15/25 |
|
|
|
|
|
|
1,963 |
|
|
|
1,845,220 |
|
Resolute Energy Corp., 8.50%, 05/01/20 |
|
|
|
|
|
|
2,474 |
|
|
|
2,477,092 |
|
Rockies Express Pipeline LLC(d): |
|
|
|
|
|
|
|
|
|
|
|
|
5.63%, 04/15/20 |
|
|
|
|
|
|
695 |
|
|
|
713,904 |
|
6.88%, 04/15/40 |
|
|
|
|
|
|
2,796 |
|
|
|
3,215,400 |
|
Rowan Cos., Inc.: |
|
|
|
|
|
|
|
|
|
|
|
|
4.88%, 06/01/22 |
|
|
|
|
|
|
195 |
|
|
|
182,569 |
|
4.75%, 01/15/24 |
|
|
|
|
|
|
519 |
|
|
|
445,043 |
|
7.38%, 06/15/25 |
|
|
|
|
|
|
2,847 |
|
|
|
2,726,002 |
|
RSP Permian, Inc., 6.63%, 10/01/22 |
|
|
|
|
|
|
2,395 |
|
|
|
2,496,787 |
|
Sanchez Energy Corp.: |
|
|
|
|
|
|
|
|
|
|
|
|
7.75%, 06/15/21 |
|
|
|
|
|
|
4,922 |
|
|
|
4,231,345 |
|
6.13%, 01/15/23 |
|
|
|
|
|
|
1,822 |
|
|
|
1,197,965 |
|
7.25%, 02/15/23(d) |
|
|
|
|
|
|
1,169 |
|
|
|
1,147,081 |
|
SESI LLC, 7.13%, 12/15/21 |
|
|
|
|
|
|
655 |
|
|
|
667,281 |
|
Seven Generations Energy Ltd., 5.38%,
09/30/25(d) |
|
|
|
|
|
|
3,462 |
|
|
|
3,340,830 |
|
SM Energy Co.: |
|
|
|
|
|
|
|
|
|
|
|
|
6.50%, 11/15/21 |
|
|
|
|
|
|
845 |
|
|
|
859,788 |
|
6.13%, 11/15/22 |
|
|
|
|
|
|
1,620 |
|
|
|
1,644,300 |
|
6.50%, 01/01/23 |
|
|
|
|
|
|
1,339 |
|
|
|
1,359,085 |
|
5.00%, 01/15/24 |
|
|
|
|
|
|
318 |
|
|
|
298,125 |
|
5.63%, 06/01/25 |
|
|
|
|
|
|
324 |
|
|
|
310,230 |
|
6.75%, 09/15/26 |
|
|
|
|
|
|
112 |
|
|
|
113,960 |
|
Southwestern Energy Co.: |
|
|
|
|
|
|
|
|
|
|
|
|
6.70%, 01/23/25(e) |
|
|
|
|
|
|
696 |
|
|
|
683,820 |
|
7.50%, 04/01/26 |
|
|
|
|
|
|
1,942 |
|
|
|
2,010,009 |
|
7.75%, 10/01/27 |
|
|
|
|
|
|
1,161 |
|
|
|
1,213,245 |
|
Sunoco LP/Sunoco Finance Corp.(d): |
|
|
|
|
|
|
|
|
|
|
|
|
4.88%, 01/15/23 |
|
|
|
|
|
|
2,733 |
|
|
|
2,610,042 |
|
5.88%, 03/15/28 |
|
|
|
|
|
|
808 |
|
|
|
759,116 |
|
Tallgrass Energy Partners LP/Tallgrass Energy Finance
Corp.(d): |
|
|
|
|
|
|
|
|
|
|
|
|
5.50%, 09/15/24 |
|
|
|
|
|
|
3,177 |
|
|
|
3,192,885 |
|
5.50%, 01/15/28 |
|
|
|
|
|
|
1,823 |
|
|
|
1,761,474 |
|
Targa Resources Partners LP/Targa Resources Partners Finance Corp.: |
|
|
|
|
|
|
|
|
|
|
|
|
5.25%, 05/01/23 |
|
|
|
|
|
|
78 |
|
|
|
78,585 |
|
4.25%, 11/15/23 |
|
|
|
|
|
|
845 |
|
|
|
804,863 |
|
5.13%, 02/01/25 |
|
|
|
|
|
|
548 |
|
|
|
541,150 |
|
|
|
|
Consolidated Schedule of Investments (unaudited) (continued)
May 31, 2018 |
|
BlackRock Corporate High Yield Fund, Inc. (HYT)
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
Par (000) |
|
|
Value |
|
Oil, Gas & Consumable Fuels (continued) |
|
5.88%, 04/15/26(d) |
|
|
USD |
|
|
|
1,817 |
|
|
$ |
1,825,522 |
|
5.00%, 01/15/28(d) |
|
|
|
|
|
|
2,308 |
|
|
|
2,168,828 |
|
Transocean, Inc., 7.50%, 01/15/26(d) |
|
|
|
|
|
|
1,151 |
|
|
|
1,166,826 |
|
Tullow Oil PLC, 7.00%, 03/01/25(d) |
|
|
|
|
|
|
400 |
|
|
|
397,500 |
|
Weatherford International Ltd.: |
|
|
|
|
|
|
|
|
|
|
|
|
6.50%, 08/01/36 |
|
|
|
|
|
|
1,021 |
|
|
|
796,380 |
|
7.00%, 03/15/38 |
|
|
|
|
|
|
1,523 |
|
|
|
1,210,785 |
|
5.95%, 04/15/42 |
|
|
|
|
|
|
959 |
|
|
|
709,660 |
|
Whiting Petroleum Corp., 6.63%, 01/15/26(d) |
|
|
|
|
|
|
2,063 |
|
|
|
2,111,996 |
|
WildHorse Resource Development Corp.: |
|
|
|
|
|
|
|
|
|
|
|
|
6.88%, 02/01/25(d) |
|
|
|
|
|
|
890 |
|
|
|
908,913 |
|
6.88%, 02/01/25 |
|
|
|
|
|
|
898 |
|
|
|
917,083 |
|
Williams Cos., Inc.: |
|
|
|
|
|
|
|
|
|
|
|
|
4.55%, 06/24/24 |
|
|
|
|
|
|
1,614 |
|
|
|
1,620,052 |
|
8.75%, 03/15/32 |
|
|
|
|
|
|
239 |
|
|
|
310,700 |
|
5.75%, 06/24/44 |
|
|
|
|
|
|
3,751 |
|
|
|
3,929,172 |
|
WPX Energy, Inc.: |
|
|
|
|
|
|
|
|
|
|
|
|
6.00%, 01/15/22 |
|
|
|
|
|
|
229 |
|
|
|
240,450 |
|
8.25%, 08/01/23 |
|
|
|
|
|
|
1,245 |
|
|
|
1,413,075 |
|
5.25%, 09/15/24 |
|
|
|
|
|
|
754 |
|
|
|
746,460 |
|
5.75%, 06/01/26 |
|
|
|
|
|
|
1,068 |
|
|
|
1,065,981 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
208,184,321 |
|
Oil: Crude Producers 0.1% |
|
MGM Growth Properties Operating Partnership LP/MGP Finance Co-Issuer,
Inc., 4.50%, 01/15/28 |
|
|
|
|
|
|
2,133 |
|
|
|
1,914,368 |
|
|
|
|
|
|
|
|
|
|
Paper & Forest Products 0.1% |
|
Norbord, Inc., 6.25%, 04/15/23(d) |
|
|
|
|
|
|
1,711 |
|
|
|
1,788,457 |
|
Stora Enso OYJ, 2.50%, 06/07/27 |
|
|
EUR |
|
|
|
200 |
|
|
|
238,732 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,027,189 |
|
Pharmaceuticals 3.6% |
|
Charles River Laboratories International, Inc., 5.50%,
04/01/26(d) |
|
|
USD |
|
|
|
809 |
|
|
|
812,034 |
|
Endo Finance LLC/Endo Finco, Inc.(d): |
|
|
|
|
|
|
|
|
|
|
|
|
7.25%, 01/15/22 |
|
|
|
|
|
|
1,176 |
|
|
|
1,018,710 |
|
6.00%, 07/15/23 |
|
|
|
|
|
|
931 |
|
|
|
684,285 |
|
Ephios Bondco PLC, 6.25%, 07/01/22 |
|
|
EUR |
|
|
|
675 |
|
|
|
811,796 |
|
Ephios Holdco II PLC, 8.25%, 07/01/23 |
|
|
|
|
|
|
159 |
|
|
|
196,446 |
|
inVentiv Group Holdings, Inc./inVentiv Health, Inc./inVentiv Health Clinical, Inc., 7.50%, 10/01/24(d) |
|
|
USD |
|
|
|
878 |
|
|
|
926,290 |
|
Jaguar Holding Co. II/Pharmaceutical Product Development LLC, 6.38%, 08/01/23(d) |
|
|
|
|
|
|
10,081 |
|
|
|
10,133,925 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
Par (000) |
|
|
Value |
|
Pharmaceuticals (continued) |
|
Nidda Healthcare Holding AG, 3.50%, 09/30/24 |
|
|
EUR |
|
|
|
150 |
|
|
$ |
170,097 |
|
Synlab Bondco PLC, 6.25%, 07/01/22 |
|
|
|
|
|
|
210 |
|
|
|
252,559 |
|
Team Health Holdings, Inc., 6.38%,
02/01/25(d) |
|
|
USD |
|
|
|
3,148 |
|
|
|
2,730,890 |
|
Teva Pharmaceutical Finance Netherlands III BV, 1.70%, 07/19/19 |
|
|
|
|
|
|
2,360 |
|
|
|
2,306,026 |
|
Valeant Pharmaceuticals International, Inc.: |
|
|
|
|
|
|
|
|
|
|
|
|
7.50%, 07/15/21(d) |
|
|
|
|
|
|
1,841 |
|
|
|
1,875,519 |
|
6.75%, 08/15/21(d) |
|
|
|
|
|
|
2,471 |
|
|
|
2,496,451 |
|
5.63%, 12/01/21(d) |
|
|
|
|
|
|
724 |
|
|
|
717,484 |
|
6.50%, 03/15/22(d) |
|
|
|
|
|
|
2,043 |
|
|
|
2,123,086 |
|
7.25%, 07/15/22(d) |
|
|
|
|
|
|
64 |
|
|
|
64,973 |
|
5.50%, 03/01/23(d) |
|
|
|
|
|
|
3,974 |
|
|
|
3,699,198 |
|
4.50%, 05/15/23 |
|
|
EUR |
|
|
|
2,225 |
|
|
|
2,458,699 |
|
5.88%, 05/15/23(d) |
|
|
USD |
|
|
|
4,358 |
|
|
|
4,118,310 |
|
7.00%, 03/15/24(d) |
|
|
|
|
|
|
3,210 |
|
|
|
3,362,475 |
|
6.13%, 04/15/25(d) |
|
|
|
|
|
|
5,024 |
|
|
|
4,647,200 |
|
5.50%, 11/01/25(d) |
|
|
|
|
|
|
3,365 |
|
|
|
3,301,906 |
|
9.25%, 04/01/26(d) |
|
|
|
|
|
|
610 |
|
|
|
640,274 |
|
8.50%, 01/31/27(d)(f) |
|
|
|
|
|
|
3,455 |
|
|
|
3,517,622 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
53,066,255 |
|
Real Estate Investment Trusts (REITs) 1.4% |
|
Five Point Operating Co. LP/Five Point Capital Corp., 7.88%, 11/15/25(d) |
|
|
|
|
|
|
985 |
|
|
|
1,004,700 |
|
Hilton Domestic Operating Co., Inc.: |
|
|
|
|
|
|
|
|
|
|
|
|
4.25%, 09/01/24 |
|
|
|
|
|
|
1,684 |
|
|
|
1,604,010 |
|
5.13%, 05/01/26(d) |
|
|
|
|
|
|
1,426 |
|
|
|
1,388,568 |
|
Hilton Worldwide Finance LLC/Hilton Worldwide Finance Corp., 4.63%, 04/01/25 |
|
|
|
|
|
|
350 |
|
|
|
337,750 |
|
iStar, Inc.: |
|
|
|
|
|
|
|
|
|
|
|
|
4.63%, 09/15/20 |
|
|
|
|
|
|
221 |
|
|
|
217,961 |
|
6.00%, 04/01/22 |
|
|
|
|
|
|
901 |
|
|
|
901,000 |
|
5.25%, 09/15/22 |
|
|
|
|
|
|
1,012 |
|
|
|
982,905 |
|
MGM Growth Properties Operating Partnership LP/MGP Finance Co-Issuer,
Inc.: |
|
|
|
|
|
|
|
|
|
|
|
|
5.63%, 05/01/24 |
|
|
|
|
|
|
9,671 |
|
|
|
9,767,710 |
|
4.50%, 09/01/26 |
|
|
|
|
|
|
1,700 |
|
|
|
1,559,750 |
|
MPT Operating Partnership LP/MPT Finance Corp., 5.00%, 10/15/27 |
|
|
|
|
|
|
745 |
|
|
|
700,345 |
|
NH Hotel Group SA, 3.75%, 10/01/23 |
|
|
EUR |
|
|
|
262 |
|
|
|
318,008 |
|
Starwood Property Trust, Inc.: |
|
|
|
|
|
|
|
|
|
|
|
|
5.00%, 12/15/21 |
|
|
USD |
|
|
|
1,695 |
|
|
|
1,720,425 |
|
|
|
|
Consolidated Schedule of Investments (unaudited) (continued)
May 31, 2018 |
|
BlackRock Corporate High Yield Fund, Inc. (HYT)
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
Par (000) |
|
|
Value |
|
Real Estate Investment Trusts (REITs) (continued) |
|
4.75%, 03/15/25(d) |
|
|
USD |
|
|
|
776 |
|
|
$ |
746,667 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
21,249,799 |
|
Real Estate Management & Development 0.6% |
|
ADLER Real Estate AG: |
|
|
|
|
|
|
|
|
|
|
|
|
4.75%, 04/08/20 |
|
|
EUR |
|
|
|
32 |
|
|
|
38,627 |
|
2.13%, 02/06/24 |
|
|
|
|
|
|
325 |
|
|
|
371,348 |
|
Akelius Residential Property AB, 3.88%,
10/05/78(e) |
|
|
|
|
|
|
125 |
|
|
|
145,291 |
|
Aroundtown Property Holdings PLC, 1.50%,
01/18/21(k) |
|
|
|
|
|
|
100 |
|
|
|
152,415 |
|
Greystar Real Estate Partners LLC, 5.75%,
12/01/25(d) |
|
|
USD |
|
|
|
1,158 |
|
|
|
1,129,050 |
|
Howard Hughes Corp., 5.38%, 03/15/25(d) |
|
|
|
|
|
|
1,568 |
|
|
|
1,515,080 |
|
Realogy Group LLC/Realogy Co-Issuer Corp.(d): |
|
|
|
|
|
|
|
|
|
|
|
|
4.50%, 04/15/19 |
|
|
|
|
|
|
806 |
|
|
|
806,000 |
|
5.25%, 12/01/21 |
|
|
|
|
|
|
2,296 |
|
|
|
2,313,220 |
|
4.88%, 06/01/23 |
|
|
|
|
|
|
1,235 |
|
|
|
1,160,900 |
|
RESIDOMO Sro, 3.38%, 10/15/24 |
|
|
EUR |
|
|
|
420 |
|
|
|
487,313 |
|
Summit Germany Ltd., 2.00%, 01/31/25 |
|
|
|
|
|
|
145 |
|
|
|
163,576 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
8,282,820 |
|
Restaurants 0.1% |
|
IRB Holding Corp., 6.75%, 02/15/26(d) |
|
|
USD |
|
|
|
937 |
|
|
|
885,465 |
|
|
|
|
|
|
|
|
|
|
Road & Rail 0.9% |
|
Avis Budget Car Rental LLC/Avis Budget Finance, Inc., 5.13%, 06/01/22(d) |
|
|
|
|
|
|
927 |
|
|
|
909,758 |
|
Avis Budget Finance PLC, 4.13%, 11/15/24 |
|
|
EUR |
|
|
|
250 |
|
|
|
297,187 |
|
EC Finance PLC, 2.38%, 11/15/22 |
|
|
|
|
|
|
203 |
|
|
|
236,019 |
|
Europcar Drive Designated Activity Co., 4.13%, 11/15/24 |
|
|
|
|
|
|
387 |
|
|
|
442,809 |
|
Europcar Groupe SA, 5.75%, 06/15/22 |
|
|
|
|
|
|
110 |
|
|
|
131,914 |
|
Flexi-Van Leasing, Inc., 10.00%, 02/15/23(d) |
|
|
USD |
|
|
|
1,094 |
|
|
|
1,033,830 |
|
Herc Rentals, Inc.(d): |
|
|
|
|
|
|
|
|
|
|
|
|
7.50%, 06/01/22 |
|
|
|
|
|
|
1,406 |
|
|
|
1,486,845 |
|
7.75%, 06/01/24 |
|
|
|
|
|
|
1,201 |
|
|
|
1,291,075 |
|
Hertz Corp., 7.63%, 06/01/22(d) |
|
|
|
|
|
|
2,628 |
|
|
|
2,568,870 |
|
Hertz Holdings Netherlands BV, 5.50%, 03/30/23 |
|
|
EUR |
|
|
|
443 |
|
|
|
510,739 |
|
Loxam SAS: |
|
|
|
|
|
|
|
|
|
|
|
|
3.50%, 04/15/22 |
|
|
|
|
|
|
168 |
|
|
|
202,444 |
|
3.50%, 05/03/23 |
|
|
|
|
|
|
150 |
|
|
|
180,583 |
|
4.25%, 04/15/24 |
|
|
|
|
|
|
100 |
|
|
|
122,867 |
|
6.00%, 04/15/25 |
|
|
|
|
|
|
108 |
|
|
|
136,042 |
|
United Rentals North America, Inc.: |
|
|
|
|
|
|
|
|
|
|
|
|
4.63%, 07/15/23 |
|
|
USD |
|
|
|
944 |
|
|
|
951,080 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
Par (000) |
|
|
Value |
|
Road & Rail (continued) |
|
4.63%, 10/15/25 |
|
|
USD |
|
|
|
2,460 |
|
|
$ |
2,363,937 |
|
Watco Cos. LLC/Watco Finance Corp., 6.38%,
04/01/23(d) |
|
|
|
|
|
|
1,093 |
|
|
|
1,118,959 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
13,984,958 |
|
Semiconductors & Semiconductor Equipment 0.7% |
|
Advanced Micro Devices, Inc.: |
|
|
|
|
|
|
|
|
|
|
|
|
7.50%, 08/15/22 |
|
|
|
|
|
|
422 |
|
|
|
461,077 |
|
7.00%, 07/01/24 |
|
|
|
|
|
|
409 |
|
|
|
430,473 |
|
Micron Technology, Inc., 5.50%, 02/01/25 |
|
|
|
|
|
|
58 |
|
|
|
60,340 |
|
Microsemi Corp., 9.13%, 04/15/23(d) |
|
|
|
|
|
|
134 |
|
|
|
148,238 |
|
NXP BV/NXP Funding LLC(d): |
|
|
|
|
|
|
|
|
|
|
|
|
4.13%, 06/01/21 |
|
|
|
|
|
|
1,448 |
|
|
|
1,459,005 |
|
4.63%, 06/15/22 |
|
|
|
|
|
|
1,319 |
|
|
|
1,347,029 |
|
3.88%, 09/01/22 |
|
|
|
|
|
|
1,138 |
|
|
|
1,130,176 |
|
4.63%, 06/01/23 |
|
|
|
|
|
|
928 |
|
|
|
946,374 |
|
Sensata Technologies BV(d): |
|
|
|
|
|
|
|
|
|
|
|
|
5.63%, 11/01/24 |
|
|
|
|
|
|
903 |
|
|
|
937,991 |
|
5.00%, 10/01/25 |
|
|
|
|
|
|
3,297 |
|
|
|
3,305,242 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10,225,945 |
|
Software 4.4% |
|
BMC Software Finance, Inc., 8.13%,
07/15/21(d) |
|
|
|
|
|
|
2,715 |
|
|
|
2,783,146 |
|
CDK Global, Inc., 4.88%, 06/01/27 |
|
|
|
|
|
|
1,890 |
|
|
|
1,781,325 |
|
Genesys Telecommunications Laboratories Inc/Greeneden Lux 3 Sarl/Greeneden US Holdings LLC, 10.00%, 11/30/24(d) |
|
|
|
|
|
|
3,875 |
|
|
|
4,286,719 |
|
Infinity Acquisition LLC/Infinity Acquisition Finance Corp., 7.25%, 08/01/22(d) |
|
|
|
|
|
|
1,444 |
|
|
|
1,478,295 |
|
Infor Software Parent LLC/Infor Software Parent, Inc., (7.13% Cash or 7.88% PIK), 7.13%, 05/01/21(d)(g) |
|
|
|
|
|
|
3,521 |
|
|
|
3,538,605 |
|
Infor US, Inc., 6.50%, 05/15/22 |
|
|
|
|
|
|
11,511 |
|
|
|
11,698,054 |
|
Informatica LLC, 7.13%, 07/15/23(d) |
|
|
|
|
|
|
5,308 |
|
|
|
5,387,620 |
|
Nuance Communications, Inc.: |
|
|
|
|
|
|
|
|
|
|
|
|
5.38%, 08/15/20(d) |
|
|
|
|
|
|
356 |
|
|
|
357,335 |
|
6.00%, 07/01/24 |
|
|
|
|
|
|
1,630 |
|
|
|
1,638,150 |
|
5.63%, 12/15/26 |
|
|
|
|
|
|
1,410 |
|
|
|
1,374,750 |
|
PTC, Inc., 6.00%, 05/15/24 |
|
|
|
|
|
|
1,996 |
|
|
|
2,095,800 |
|
Rackspace Hosting, Inc., 8.63%, 11/15/24(d) |
|
|
|
|
|
|
1,573 |
|
|
|
1,600,527 |
|
RP Crown Parent LLC, 7.38%, 10/15/24(d) |
|
|
|
|
|
|
2,666 |
|
|
|
2,745,980 |
|
Solera LLC/Solera Finance, Inc., 10.50%,
03/01/24(d) |
|
|
|
|
|
|
10,971 |
|
|
|
12,174,519 |
|
Sophia LP/Sophia Finance,
Inc., 9.00%, 09/30/23(d) |
|
|
|
|
|
|
1,553 |
|
|
|
1,638,415 |
|
|
|
|
Consolidated Schedule of Investments (unaudited) (continued)
May 31, 2018 |
|
BlackRock Corporate High Yield Fund, Inc. (HYT)
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
Par (000) |
|
|
Value |
|
Software (continued) |
|
TIBCO Software, Inc., 11.38%, 12/01/21(d) |
|
|
USD |
|
|
|
7,252 |
|
|
$ |
7,886,550 |
|
Veritas US, Inc./Veritas Bermuda Ltd.(d): |
|
|
|
|
|
|
|
|
|
|
|
|
7.50%, 02/01/23 |
|
|
|
|
|
|
1,938 |
|
|
|
1,855,635 |
|
10.50%, 02/01/24 |
|
|
|
|
|
|
838 |
|
|
|
714,395 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
65,035,820 |
|
Specialty Retail 0.7% |
|
Asbury Automotive Group, Inc., 6.00%, 12/15/24 |
|
|
|
|
|
|
2,505 |
|
|
|
2,479,950 |
|
Catalent Pharma Solutions, Inc., 4.88%,
01/15/26(d) |
|
|
|
|
|
|
1,907 |
|
|
|
1,835,869 |
|
Group 1 Automotive, Inc., 5.25%, 12/15/23(d) |
|
|
|
|
|
|
264 |
|
|
|
257,400 |
|
Hexion US Finance Corp., 6.63%, 04/15/20 |
|
|
|
|
|
|
658 |
|
|
|
620,988 |
|
JC Penney Corp., Inc.: |
|
|
|
|
|
|
|
|
|
|
|
|
8.13%, 10/01/19 |
|
|
|
|
|
|
46 |
|
|
|
47,668 |
|
6.38%, 10/15/36 |
|
|
|
|
|
|
554 |
|
|
|
310,240 |
|
L Brands, Inc.: |
|
|
|
|
|
|
|
|
|
|
|
|
6.88%, 11/01/35 |
|
|
|
|
|
|
2,579 |
|
|
|
2,343,666 |
|
6.75%, 07/01/36 |
|
|
|
|
|
|
384 |
|
|
|
345,600 |
|
Masaria Investments SAU, 5.00%, 09/15/24 |
|
|
EUR |
|
|
|
186 |
|
|
|
214,236 |
|
Penske Automotive Group, Inc.: |
|
|
|
|
|
|
|
|
|
|
|
|
5.75%, 10/01/22 |
|
|
USD |
|
|
|
729 |
|
|
|
745,402 |
|
5.50%, 05/15/26 |
|
|
|
|
|
|
346 |
|
|
|
340,810 |
|
PVH Corp., 3.13%, 12/15/27 |
|
|
EUR |
|
|
|
542 |
|
|
|
621,569 |
|
Shop Direct Funding PLC, 7.75%, 11/15/22 |
|
|
GBP |
|
|
|
340 |
|
|
|
354,351 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10,517,749 |
|
Technology Hardware, Storage & Peripherals 0.8% |
|
Dell International LLC/EMC Corp.(d): |
|
|
|
|
|
|
|
|
|
|
|
|
7.13%, 06/15/24 |
|
|
USD |
|
|
|
4,522 |
|
|
|
4,858,725 |
|
6.02%, 06/15/26 |
|
|
|
|
|
|
1,390 |
|
|
|
1,466,891 |
|
Western Digital Corp., 4.75%, 02/15/26 |
|
|
|
|
|
|
5,217 |
|
|
|
5,132,224 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
11,457,840 |
|
Textiles, Apparel & Luxury Goods 0.0% |
|
BiSoho SAS, 5.88%, 05/01/23 |
|
|
EUR |
|
|
|
97 |
|
|
|
133,834 |
|
Springs Industries, Inc., 6.25%, 06/01/21 |
|
|
USD |
|
|
|
274 |
|
|
|
278,603 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
412,437 |
|
Thrifts & Mortgage Finance 0.2% |
|
Jerrold Finco PLC: |
|
|
|
|
|
|
|
|
|
|
|
|
6.25%, 09/15/21 |
|
|
GBP |
|
|
|
225 |
|
|
|
306,432 |
|
6.13%, 01/15/24 |
|
|
|
|
|
|
545 |
|
|
|
729,945 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
Par (000) |
|
|
Value |
|
Thrifts & Mortgage Finance (continued) |
|
Ladder Capital Finance Holdings LLLP/Ladder Capital Finance
Corp.(d): |
|
|
|
|
|
|
|
|
|
|
|
|
5.25%, 03/15/22 |
|
|
USD |
|
|
|
352 |
|
|
$ |
352,000 |
|
5.25%, 10/01/25 |
|
|
|
|
|
|
2,176 |
|
|
|
2,029,120 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,417,497 |
|
Trading Companies & Distributors 0.0% |
|
Ashtead Capital, Inc., 5.63%, 10/01/24(d) |
|
|
|
|
|
|
278 |
|
|
|
285,645 |
|
|
|
|
|
|
|
|
|
|
Transportation 0.0% |
|
JB Poindexter & Co., Inc., 7.13%,
04/15/26(d) |
|
|
|
|
|
|
651 |
|
|
|
660,765 |
|
|
|
|
|
|
|
|
|
|
Transportation Infrastructure 0.1% |
|
CEVA Group PLC, (9.00% Cash or 3.00% PIK), 9.00%,
09/01/20(d)(g) |
|
|
|
|
|
|
95 |
|
|
|
99,465 |
|
WFS Global Holding SAS, 9.50%, 07/15/22 |
|
|
EUR |
|
|
|
565 |
|
|
|
691,729 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
791,194 |
|
Utilities 0.0% |
|
ContourGlobal Power Holdings SA, 5.13%, 06/15/21 |
|
|
|
|
|
|
300 |
|
|
|
356,029 |
|
|
|
|
|
|
|
|
|
|
Wireless Telecommunication Services 5.3% |
|
CoreCivic, Inc., 4.75%, 10/15/27 |
|
|
USD |
|
|
|
1,135 |
|
|
|
1,041,362 |
|
CyrusOne LP/CyrusOne Finance Corp.: |
|
|
|
|
|
|
|
|
|
|
|
|
5.00%, 03/15/24 |
|
|
|
|
|
|
3,400 |
|
|
|
3,404,250 |
|
5.38%, 03/15/27 |
|
|
|
|
|
|
325 |
|
|
|
326,625 |
|
Digicel Group Ltd.(d): |
|
|
|
|
|
|
|
|
|
|
|
|
8.25%, 09/30/20 |
|
|
|
|
|
|
1,222 |
|
|
|
925,665 |
|
7.13%, 04/01/22 |
|
|
|
|
|
|
324 |
|
|
|
225,504 |
|
Digicel Ltd., 6.00%, 04/15/21(d) |
|
|
|
|
|
|
5,564 |
|
|
|
5,098,015 |
|
Equinix, Inc., 2.88%, 10/01/25 |
|
|
EUR |
|
|
|
420 |
|
|
|
471,342 |
|
Frontier Communications Corp., 8.50%,
04/01/26(d) |
|
|
USD |
|
|
|
2,694 |
|
|
|
2,609,812 |
|
GEO Group, Inc.: |
|
|
|
|
|
|
|
|
|
|
|
|
5.88%, 01/15/22 |
|
|
|
|
|
|
350 |
|
|
|
355,687 |
|
5.13%, 04/01/23 |
|
|
|
|
|
|
184 |
|
|
|
180,955 |
|
5.88%, 10/15/24 |
|
|
|
|
|
|
2,146 |
|
|
|
2,119,325 |
|
6.00%, 04/15/26 |
|
|
|
|
|
|
630 |
|
|
|
615,825 |
|
Iron Mountain, Inc., 3.00%, 01/15/25 |
|
|
EUR |
|
|
|
150 |
|
|
|
171,850 |
|
Matterhorn Telecom SA: |
|
|
|
|
|
|
|
|
|
|
|
|
3.88%, 05/01/22 |
|
|
|
|
|
|
635 |
|
|
|
750,770 |
|
4.00%, 11/15/27 |
|
|
|
|
|
|
405 |
|
|
|
453,445 |
|
Radiate Holdco LLC/Radiate Finance, Inc., 6.63%,
02/15/25(d) |
|
|
USD |
|
|
|
1,539 |
|
|
|
1,412,032 |
|
SBA Communications Corp.: |
|
|
|
|
|
|
|
|
|
|
|
|
4.00%, 10/01/22(d) |
|
|
|
|
|
|
2,644 |
|
|
|
2,538,240 |
|
4.88%, 09/01/24 |
|
|
|
|
|
|
2,489 |
|
|
|
2,324,129 |
|
|
|
|
Consolidated Schedule of Investments (unaudited) (continued)
May 31, 2018 |
|
BlackRock Corporate High Yield Fund, Inc. (HYT)
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
|
Par (000) |
|
|
Value |
|
Wireless Telecommunication Services (continued) |
|
Sprint Capital Corp.: |
|
|
|
|
|
|
|
|
|
|
|
|
6.90%, 05/01/19 |
|
|
USD |
|
|
|
640 |
|
|
$ |
657,536 |
|
8.75%, 03/15/32 |
|
|
|
|
|
|
23 |
|
|
|
24,754 |
|
Sprint Communications, Inc.,
7.00%, 03/01/20(d) |
|
|
|
|
|
|
6,062 |
|
|
|
6,336,305 |
|
Sprint Corp.: |
|
|
|
|
|
|
|
|
|
|
|
|
7.88%, 09/15/23 |
|
|
|
|
|
|
5,424 |
|
|
|
5,692,488 |
|
7.13%, 06/15/24 |
|
|
|
|
|
|
18,397 |
|
|
|
18,534,951 |
|
7.63%, 02/15/25 |
|
|
|
|
|
|
7,432 |
|
|
|
7,654,960 |
|
7.63%, 03/01/26 |
|
|
|
|
|
|
115 |
|
|
|
118,163 |
|
T-Mobile USA, Inc.: |
|
|
|
|
|
|
|
|
|
|
|
|
4.00%, 04/15/22 |
|
|
|
|
|
|
1,337 |
|
|
|
1,330,315 |
|
6.50%, 01/15/24 |
|
|
|
|
|
|
2,638 |
|
|
|
2,756,710 |
|
6.38%, 03/01/25 |
|
|
|
|
|
|
994 |
|
|
|
1,038,631 |
|
6.50%, 01/15/26 |
|
|
|
|
|
|
1,549 |
|
|
|
1,616,769 |
|
4.50%, 02/01/26 |
|
|
|
|
|
|
1,630 |
|
|
|
1,532,200 |
|
4.75%, 02/01/28 |
|
|
|
|
|
|
2,764 |
|
|
|
2,584,340 |
|
Uniti Group LP/Uniti Group Finance, Inc./CSL Capital LLC, 8.25%, 10/15/23 |
|
|
|
|
|
|
2,418 |
|
|
|
2,356,825 |
|
VICI Properties 1 LLC/VICI FC, Inc., 8.00%, 10/15/23 |
|
|
|
|
|
|
1,327 |
|
|
|
1,473,164 |
|
Vodafone Group PLC, Series VOD, 0.00%,
11/26/20(k)(m) |
|
|
GBP |
|
|
|
200 |
|
|
|
254,002 |
|
Wind Tre SpA: |
|
|
|
|
|
|
|
|
|
|
|
|
2.63%, 01/20/23 |
|
|
EUR |
|
|
|
170 |
|
|
|
170,915 |
|
2.75%, 01/20/24(e) |
|
|
|
|
|
|
110 |
|
|
|
108,342 |
|
3.13%, 01/20/25 |
|
|
|
|
|
|
210 |
|
|
|
204,001 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
79,470,204 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Corporate Bonds 114.2% (Cost $1,714,866,946) |
|
|
|
1,697,598,390 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Floating Rate Loan Interests (c) 15.7% |
|
|
Aerospace & Defense 0.3% |
|
Accudyne Industries LLC, 2017 Term Loan, (1 mo. LIBOR + 3.25% 1.00% Floor), 5.23%, 08/18/24 |
|
|
USD |
|
|
|
3,154 |
|
|
|
3,160,343 |
|
Sequa Mezzanine Holdings LLC, 2nd Lien Term Loan, (2 mo. LIBOR + 9.00% 1.00%
Floor), 10.97%, 04/28/22(b) |
|
|
|
|
|
|
385 |
|
|
|
384,037 |
|
WP CPP Holdings LLC, 2018 Term Loan,
04/30/25(n) |
|
|
|
|
|
|
330 |
|
|
|
331,340 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,875,720 |
|
Air Freight & Logistics 0.2% |
|
CEVA Group PLC, Letter of Credit, (3 mo. LIBOR + 5.50%), 6.50%, 03/19/21(b) |
|
|
|
|
|
|
1,022 |
|
|
|
1,036,927 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
|
Par (000) |
|
|
Value |
|
Air Freight & Logistics (continued) |
|
CEVA Intercompany BV, Dutch Term Loan, (3 mo. LIBOR + 5.50% 1.00% Floor), 7.86%, 03/19/21 |
|
|
USD |
|
|
|
359 |
|
|
$ |
358,181 |
|
CEVA Logistics Canada ULC, Canadian Term Loan, (3 mo. LIBOR + 5.50% 1.00% Floor),
7.86%, 03/19/21 |
|
|
|
|
|
|
164 |
|
|
|
163,028 |
|
CEVA Logistics US Holdings, Inc., Term Loan, (3 mo. LIBOR + 5.50% 1.00% Floor),
7.86%, 03/19/21 |
|
|
|
|
|
|
1,502 |
|
|
|
1,498,382 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,056,518 |
|
Airlines 0.1% |
|
Northwest Airlines, Inc., Term Loan, (6 mo. LIBOR + 1.23%), 3.30%, 09/10/18(b) |
|
|
|
|
|
|
812 |
|
|
|
805,965 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Auto Components 0.1% |
|
USI, Inc., 2017 Repriced Term Loan, (3 mo. LIBOR + 3.00%), 5.30%, 05/16/24 |
|
|
|
|
|
|
1,083 |
|
|
|
1,080,787 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Auto Parts 0.0% |
|
Mavis Tire Express Services Corp., 2018 1st Lien Term Loan, (1 mo. LIBOR + 3.25%),
5.20%, 03/20/25 |
|
|
|
|
|
|
469 |
|
|
|
465,152 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Banks 0.1% |
|
Banco Espirito Santo SA, 41,362.65% -
4.75%, 01/15/19(i) |
|
|
EUR |
|
|
|
1,900 |
|
|
|
627,488 |
|
Capri Finance LLC, 2017 1st Lien Term Loan, (3 mo. LIBOR + 3.25%), 5.61%, 11/01/24 |
|
|
USD |
|
|
|
655 |
|
|
|
647,165 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,274,653 |
|
Building Products 0.3% |
|
Ply Gem Industries, Inc., 2018 Term Loan, (3 mo. LIBOR + 3.75%), 6.09%, 04/12/25 |
|
|
|
|
|
|
4,044 |
|
|
|
4,050,066 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Capital Markets 0.1% |
|
Horizon Holdings III SAS, EUR Term Loan B4, (EURIBOR + 2.75%), 2.75%, 10/29/22 |
|
|
EUR |
|
|
|
1,000 |
|
|
|
1,160,598 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Chemicals 0.4% |
|
Allnex (Luxembourg) & Cy S.C.A., 2016 EUR Term Loan B1, 09/13/23(n) |
|
|
|
|
|
|
1,000 |
|
|
|
1,168,466 |
|
Alpha 3 BV, 2017 Term Loan B1, 01/31/24(n) |
|
|
USD |
|
|
|
935 |
|
|
|
931,376 |
|
|
|
|
Consolidated Schedule of Investments (unaudited) (continued)
May 31, 2018 |
|
BlackRock Corporate High Yield Fund, Inc. (HYT)
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
|
Par (000) |
|
|
Value |
|
Chemicals (continued) |
|
Axalta Coating Systems US Holdings, Inc., Term Loan, (3 mo. LIBOR + 1.75%), 4.05%, 06/01/24 |
|
|
USD |
|
|
|
1,224 |
|
|
$ |
1,224,375 |
|
Element Materials Technology Group US Holdings, Inc., 2017 Term Loan B, (3 mo. LIBOR + 3.50% 1.00%
Floor), 5.80%, 06/28/24 |
|
|
|
|
|
|
344 |
|
|
|
345,428 |
|
Invictus US LLC: |
|
|
|
|
|
|
|
|
|
|
|
|
1st Lien Term Loan, (2 mo. LIBOR + 3.00%), 5.10%, 03/28/25 |
|
|
|
|
|
|
685 |
|
|
|
687,155 |
|
2nd Lien Term Loan, (1 mo. LIBOR + 6.75%), 8.73%, 03/25/26 |
|
|
|
|
|
|
374 |
|
|
|
377,740 |
|
PQ Corp., 2018 Term Loan B, (1 mo. LIBOR + 2.50%), 4.48%, 02/08/25 |
|
|
|
|
|
|
446 |
|
|
|
445,965 |
|
WR Grace & Co.: |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan B1, (3 mo. LIBOR + 1.75%), 4.06%, 04/03/25 |
|
|
|
|
|
|
414 |
|
|
|
414,960 |
|
Term Loan B2, (3 mo. LIBOR + 1.75%), 4.06%, 04/03/25 |
|
|
|
|
|
|
711 |
|
|
|
711,360 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6,306,825 |
|
Commercial Services & Supplies 0.4% |
|
Asurion LLC, 2017 2nd Lien Term Loan, (1 mo. LIBOR + 6.00%), 7.98%, 08/04/25 |
|
|
|
|
|
|
577 |
|
|
|
590,560 |
|
Silk Bidco AS, EUR Term Loan B, (EURIBOR + 4.00%), 4.00%, 02/07/25 |
|
|
EUR |
|
|
|
1,000 |
|
|
|
1,165,578 |
|
West Corp.: |
|
|
|
|
|
|
|
|
|
|
|
|
2017 Term Loan, (1 mo. LIBOR + 4.00% 1.00% Floor), 5.98%, 10/10/24 |
|
|
USD |
|
|
|
3,341 |
|
|
|
3,334,776 |
|
2018 Term Loan B1, (1 mo. LIBOR + 3.50% 1.00% Floor), 5.48%, 10/10/24 |
|
|
|
|
|
|
484 |
|
|
|
479,591 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5,570,505 |
|
Construction & Engineering 0.8% |
|
Brand Energy & Infrastructure Services, Inc., 2017 Term Loan, (3 mo. LIBOR + 4.25% 1.00%
Floor), 6.61%, 06/21/24 |
|
|
|
|
|
|
9,025 |
|
|
|
9,070,468 |
|
Pike Corp., 2018 Term Loan B, (1 mo. LIBOR + 3.50% 1.00% Floor), 5.49%, 03/23/25 |
|
|
|
|
|
|
825 |
|
|
|
833,549 |
|
SRS Distribution Inc., 2018 1st Lien Term Loan B, (3 mo. LIBOR + 3.25%), 5.58%, 05/23/25 |
|
|
|
|
|
|
2,268 |
|
|
|
2,256,660 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
12,160,677 |
|
Construction Materials 0.1% |
|
Filtration Group Corp., 2018 1st Lien Term Loan, (3 mo. LIBOR + 3.00%), 5.30%, 03/29/25 |
|
|
|
|
|
|
363 |
|
|
|
364,634 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
|
Par (000) |
|
|
Value |
|
Construction Materials (continued) |
|
Xella International GmbH, 2017 EUR Term Loan B,
04/11/24(n) |
|
|
EUR |
|
|
|
1,000 |
|
|
$ |
1,165,438 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,530,072 |
|
Diversified Consumer Services 0.6% |
|
Ascend Learning LLC, 2017 Term Loan B, (1 mo. LIBOR + 3.00% 1.00% Floor), 4.98%, 07/12/24 |
|
|
USD |
|
|
|
403 |
|
|
|
403,479 |
|
CHG PPC Parent LLC, 2018 Term Loan B, (1 mo. LIBOR + 2.75%), 4.73%, 03/31/25(b) |
|
|
|
|
|
|
693 |
|
|
|
693,000 |
|
Gol LuxCo SA, 1st Lien Term Loan, (Fixed + 6.50%), 6.50%, 08/31/20 |
|
|
|
|
|
|
3,885 |
|
|
|
3,965,925 |
|
Laureate Education, Inc., 2017 Term Loan B, (1 mo. LIBOR + 3.50% 1.00% Floor), 5.48%, 04/26/24 |
|
|
|
|
|
|
1,364 |
|
|
|
1,370,630 |
|
Uber Technologies, 2018 Term Loan, (1 mo. LIBOR + 4.00% 1.00% Floor), 5.92%, 04/04/25 |
|
|
|
|
|
|
2,888 |
|
|
|
2,904,837 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
9,337,871 |
|
Diversified Financial Services 0.1% |
|
EG Finco Ltd., 2018 Term Loan, (3 mo. LIBOR + 4.00%), 6.14%, 02/07/25 |
|
|
|
|
|
|
1,017 |
|
|
|
1,013,870 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Diversified Telecommunication Services 0.4% |
|
CenturyLink, Inc., 2017 Term Loan B, (1 mo. LIBOR + 2.75%), 4.73%, 01/31/25 |
|
|
|
|
|
|
5,148 |
|
|
|
5,081,172 |
|
Eircom Finco Sarl, EUR Term Loan B6, (EURIBOR + 3.25%), 3.25%, 04/19/24 |
|
|
EUR |
|
|
|
1,000 |
|
|
|
1,168,934 |
|
MTN Infrastructure TopCo, Inc, 1st Lien Term Loan B, (1 mo. LIBOR + 3.00% 1.00% Floor),
4.98%, 11/15/24 |
|
|
USD |
|
|
|
379 |
|
|
|
380,173 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6,630,279 |
|
Electrical Equipment 0.0% |
|
Generac Power Systems, Inc., 2017 1st Lien Term Loan B, (3 mo. LIBOR + 2.00%), 0.75%, 05/31/23 |
|
|
|
|
|
|
75 |
|
|
|
74,911 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Energy Equipment & Services 0.6% |
|
Gavilan Resources LLC, 2nd Lien Term Loan, (1 mo. LIBOR + 6.00% 1.00% Floor),
7.93%, 03/01/24 |
|
|
|
|
|
|
1,779 |
|
|
|
1,741,196 |
|
GrafTech Finance, Inc., 2018 Term Loan B, (1 mo. LIBOR + 3.50% 1.00% Floor), 5.42%, 02/12/25(b) |
|
|
|
|
|
|
1,147 |
|
|
|
1,149,868 |
|
Pioneer Energy Services Corp., Term Loan, (1 mo. LIBOR + 7.75% 1.00% Floor), 9.68%, 11/08/22(b) |
|
|
|
|
|
|
3,921 |
|
|
|
4,068,038 |
|
|
|
|
Consolidated Schedule of Investments (unaudited) (continued)
May 31, 2018 |
|
BlackRock Corporate High Yield Fund, Inc. (HYT)
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
|
Par (000) |
|
|
Value |
|
Energy Equipment & Services (continued) |
|
Weatherford International Ltd., Term Loan, (1 mo. LIBOR + 1.42%), 3.42%, 07/13/20 |
|
|
USD |
|
|
|
1,700 |
|
|
$ |
1,681,515 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
8,640,617 |
|
Food & Staples Retailing 0.2% |
|
Albertsons LLC, 2018 ABL Last Out Term Loan,
04/02/23(n) |
|
|
|
|
|
|
2,183 |
|
|
|
2,184,637 |
|
Food Products 0.3% |
|
Chobani LLC, 2017 Term Loan B, (1 mo. LIBOR + 3.50% 1.00% Floor), 5.48%, 10/10/23 |
|
|
|
|
|
|
396 |
|
|
|
396,500 |
|
Froneri International PLC, 2018 EUR Term Loan B, (EURIBOR + 2.62%), 2.63%, 01/22/25 |
|
|
EUR |
|
|
|
1,000 |
|
|
|
1,169,238 |
|
JBS USA LLC, 2017 Term Loan B, (1 mo. LIBOR + 2.50%), 4.65%, 10/30/22 |
|
|
USD |
|
|
|
2,240 |
|
|
|
2,232,347 |
|
Sigma Bidco BV, 2018 Term Loan B, 02/23/25(n) |
|
|
|
|
|
|
124 |
|
|
|
123,532 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,921,617 |
|
Health Care Equipment & Supplies 0.6% |
|
CTC AcquiCo GmbH, EUR 2017 Term Loan B1,
03/07/25(n) |
|
|
EUR |
|
|
|
1,000 |
|
|
|
1,166,011 |
|
DJO Finance LLC, 2015 Term Loan, (1 mo. LIBOR + 3.25% 1.00% Floor), 5.40%, 06/08/20 |
|
|
USD |
|
|
|
3,310 |
|
|
|
3,317,726 |
|
Immucor, Inc., Extended Term Loan B, (3 mo. LIBOR + 5.00% 1.00% Floor), 7.30%, 06/15/21(b) |
|
|
|
|
|
|
4,325 |
|
|
|
4,394,864 |
|
Ortho-Clinical Diagnostics SA, Term Loan B, (3 mo. LIBOR + 3.75% 1.00% Floor),
5.73%, 06/30/21 |
|
|
|
|
|
|
236 |
|
|
|
236,401 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
9,115,002 |
|
Health Care Providers & Services 0.3% |
|
HCA, Inc., 2018 Term Loan B10, (1 mo. LIBOR + 2.00%), 3.98%, 03/13/25 |
|
|
|
|
|
|
931 |
|
|
|
937,210 |
|
Quorum Health Corporation, Term Loan B, (1 mo. LIBOR + 6.75% 1.00% Floor), 8.73%, 04/29/22 |
|
|
|
|
|
|
1,364 |
|
|
|
1,384,297 |
|
Team Health Holdings, Inc., 1st Lien Term Loan, (1 mo. LIBOR + 2.75% 1.00% Floor),
4.73%, 02/06/24 |
|
|
|
|
|
|
2,305 |
|
|
|
2,222,487 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4,543,994 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
|
Par (000) |
|
|
Value |
|
Health Care Technology 0.0% |
|
Quintiles IMS, Inc., 2017 Term Loan B, (3 mo. LIBOR + 2.00%), 4.30%, 03/07/24 |
|
|
USD |
|
|
|
459 |
|
|
$ |
459,127 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Hotels, Restaurants & Leisure 0.6% |
|
Bronco Midstream Funding LLC, Term Loan B, (3 mo. LIBOR + 3.50% 1.00% Floor), 5.83%, 08/14/23(b) |
|
|
|
|
|
|
5,303 |
|
|
|
5,342,325 |
|
GVC Holdings PLC: |
|
|
|
|
|
|
|
|
|
|
|
|
2018 EUR Term Loan, 03/29/24(n) |
|
|
EUR |
|
|
|
1,000 |
|
|
|
1,165,111 |
|
2018 Term Loan, (1 mo. LIBOR + 2.50% 1.00% Floor), 4.48%, 03/29/24 |
|
|
USD |
|
|
|
936 |
|
|
|
936,777 |
|
IRB Holding Corp., 1st Lien Term Loan, (2 mo. LIBOR + 3.25% 1.00% Floor), 5.21%, 02/05/25 |
|
|
|
|
|
|
569 |
|
|
|
570,849 |
|
Wyndham Hotels & Resorts, Inc., Term Loan B,
03/28/25(n) |
|
|
|
|
|
|
1,422 |
|
|
|
1,426,735 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
9,441,797 |
|
Independent Power and Renewable Electricity Producers 0.1% |
|
Vistra Energy Corp., 1st Lien Term Loan B3,
12/01/25(n) |
|
|
|
|
|
|
2,187 |
|
|
|
2,181,226 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Industrial Conglomerates 0.2% |
|
Cortes NP Acquisition Corp., 2017 Term Loan B, (1 mo. LIBOR + 4.00% 1.00% Floor),
5.91%, 11/30/23 |
|
|
|
|
|
|
1,986 |
|
|
|
1,958,137 |
|
Sequa Mezzanine Holdings LLC, 1st Lien Term Loan, (3 mo. LIBOR + 5.00% 1.00% Floor),
7.07%, 11/28/21 |
|
|
|
|
|
|
1,160 |
|
|
|
1,158,782 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,116,919 |
|
Insurance 0.4% |
|
Alliant Holdings I, Inc., 2018 Term Loan B, (3 mo. LIBOR + 3.00%), 4.93%, 05/09/25 |
|
|
|
|
|
|
327 |
|
|
|
326,591 |
|
AssuredPartners, Inc., 2017 1st Lien Add-On Term Loan, (1 mo. LIBOR
+ 3.25%), 5.23%, 10/22/24 |
|
|
|
|
|
|
327 |
|
|
|
326,519 |
|
Hub International Limited, 2018 Term Loan B, (2 mo. LIBOR + 3.00%), 5.36%, 04/25/25 |
|
|
|
|
|
|
2,585 |
|
|
|
2,579,351 |
|
Sedgwick Claims Management Services, Inc.: |
|
|
|
|
|
|
|
|
|
|
|
|
1st Lien Term Loan, (1 mo. LIBOR + 2.75% 1.00% Floor), 4.73%, 03/01/21 |
|
|
|
|
|
|
2,414 |
|
|
|
2,408,713 |
|
|
|
|
Consolidated Schedule of Investments (unaudited) (continued)
May 31, 2018 |
|
BlackRock Corporate High Yield Fund, Inc. (HYT)
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
Par (000) |
|
|
Value |
|
Insurance (continued) |
|
|
|
|
|
|
|
|
|
2nd Lien Term Loan, (3 mo. LIBOR + 5.75% 1.00% Floor), 7.80%, 02/28/22 |
|
|
USD |
|
|
|
887 |
|
|
$ |
887,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6,528,174 |
|
Internet Software & Services 0.1% |
|
GTT Communications, Inc., 2018 Term Loan B, 1.00%, 04/26/25 |
|
|
|
|
|
|
26 |
|
|
|
25,626 |
|
TierPoint LLC, 2017 1st Lien Term Loan, (1 mo. LIBOR + 3.75% 1.00% Floor), 5.73%, 05/06/24 |
|
|
|
|
|
|
934 |
|
|
|
903,935 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
929,561 |
|
IT Services 0.3% |
|
Access CIG LLC: |
|
|
|
|
|
|
|
|
|
|
|
|
2018 1st Lien Term Loan, (1 mo. LIBOR + 3.75%), 5.73%, 02/27/25 |
|
|
|
|
|
|
404 |
|
|
|
405,826 |
|
2018 2nd Lien Term Loan, (1 mo. LIBOR + 7.75%), 9.73%, 02/27/26 |
|
|
|
|
|
|
146 |
|
|
|
145,972 |
|
Altran Technologies SA, EUR 1st Lien Term Loan B, (EURIBOR + 3.25%), 3.25%, 03/20/25 |
|
|
EUR |
|
|
|
734 |
|
|
|
860,570 |
|
Blackhawk Network Holdings, Inc, 2018 1st Lien Term Loan, 05/23/25(n) |
|
|
USD |
|
|
|
950 |
|
|
|
950,000 |
|
Peak 10 Holding Corp.: |
|
|
|
|
|
|
|
|
|
|
|
|
2017 1st Lien Term Loan, (3 mo. LIBOR + 3.50% 1.00% Floor), 5.80%, 08/01/24 |
|
|
|
|
|
|
992 |
|
|
|
976,202 |
|
2nd Lien Term Loan, (3 mo. LIBOR + 7.25% 1.00% Floor), 9.61%, 08/01/25 |
|
|
|
|
|
|
420 |
|
|
|
421,970 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,760,540 |
|
Life Sciences Tools & Services 0.1% |
|
Albany Molecular Research, Inc., 2017 1st Lien Term Loan, (1 mo. LIBOR + 3.25% 1.00% Floor),
5.23%, 08/30/24 |
|
|
|
|
|
|
732 |
|
|
|
729,520 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Machinery 0.4% |
|
Hayward Industries, Inc., 1st Lien Term Loan, (1 mo. LIBOR + 3.50%), 5.48%, 08/05/24 |
|
|
|
|
|
|
370 |
|
|
|
371,991 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
Par (000) |
|
|
Value |
|
Machinery (continued) |
|
Titan Acquisition Ltd., 2018 Term Loan B, (2 mo. LIBOR + 3.00%), 5.06%, 03/28/25 |
|
|
USD |
|
|
|
5,962 |
|
|
$ |
5,916,450 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6,288,441 |
|
Media 1.8% |
|
Charter Communications Operating LLC, 2017 Term Loan A2, (1 mo. LIBOR + 1.50%),
3.49%, 03/31/23 |
|
|
|
|
|
|
8,728 |
|
|
|
8,717,602 |
|
Intelsat Jackson Holdings SA: |
|
|
|
|
|
|
|
|
|
|
|
|
2017 Term Loan B3, (1 mo. LIBOR + 3.75% 1.00% Floor), 5.72%, 11/27/23 |
|
|
|
|
|
|
558 |
|
|
|
560,276 |
|
2017 Term Loan B4, (1 mo. LIBOR + 4.50% 1.00% Floor), 6.47%, 01/02/24 |
|
|
|
|
|
|
1,820 |
|
|
|
1,880,752 |
|
2017 Term Loan B5, (Fixed + 6.62%), 6.63%, 01/02/24 |
|
|
|
|
|
|
10,040 |
|
|
|
10,269,844 |
|
PSAV Holdings LLC: |
|
|
|
|
|
|
|
|
|
|
|
|
2018 1st Lien Term Loan, (1 mo. LIBOR + 3.25% 1.00% Floor), 5.22%, 03/01/25 |
|
|
|
|
|
|
823 |
|
|
|
819,914 |
|
2018 2nd Lien Term Loan, (3 mo. LIBOR + 7.25% 1.00% Floor), 9.26%, 09/01/25 |
|
|
|
|
|
|
666 |
|
|
|
661,005 |
|
SBA Senior Finance II LLC, 2018 Term Loan B,
04/11/25(n) |
|
|
|
|
|
|
316 |
|
|
|
315,323 |
|
Tele Columbus AG, 2017 EUR Term Loan A,
10/15/24(n) |
|
|
EUR |
|
|
|
1,000 |
|
|
|
1,161,253 |
|
Unitymedia Finance LLC, USD Term Loan D, (1 mo. LIBOR + 2.25%), 4.17%, 01/15/26 |
|
|
USD |
|
|
|
710 |
|
|
|
709,411 |
|
Unitymedia Hessen GmbH & Co. KG, 2018 Term Loan B, 05/24/23(n) |
|
|
|
|
|
|
1,023 |
|
|
|
1,020,937 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
26,116,317 |
|
Multiline Retail 0.2% |
|
EG Group Ltd.: |
|
|
|
|
|
|
|
|
|
|
|
|
2018 EUR Delayed Draw Term Loan B, 02/06/25(n) |
|
|
EUR |
|
|
|
336 |
|
|
|
391,292 |
|
2018 EUR Term Loan B, (EURIBOR + 4.00%), 4.00%, 02/06/25 |
|
|
|
|
|
|
664 |
|
|
|
771,587 |
|
LSF9 Robin Investments Ltd., EUR 2017 Term Loan B4, (EURIBOR + 3.00%), 3.00%, 12/14/23 |
|
|
|
|
|
|
1,000 |
|
|
|
1,167,835 |
|
|
|
|
Consolidated Schedule of Investments (unaudited) (continued)
May 31, 2018 |
|
BlackRock Corporate High Yield Fund, Inc. (HYT)
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
Par (000) |
|
|
Value |
|
Multiline Retail (continued) |
|
Neiman Marcus Group, Inc., 2020 Term Loan, (1 mo. LIBOR + 3.25% 1.00% Floor),
5.17%, 10/25/20 |
|
|
USD |
|
|
|
1,415 |
|
|
$ |
1,251,786 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,582,500 |
|
Oil & Gas Equipment & Services 0.6% |
|
McDermott Technology Americas, Inc., 2018 1st Lien Term Loan, (1 mo. LIBOR + 5.00% 1.00% Floor),
6.91%, 05/10/25 |
|
|
|
|
|
|
9,392 |
|
|
|
9,464,600 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Oil, Gas & Consumable Fuels 1.2% |
|
Brazos Delaware II, LLC, Term Loan B, (1 mo. LIBOR + 4.00%), 5.95%, 05/21/25 |
|
|
|
|
|
|
508 |
|
|
|
507,229 |
|
California Resources Corp., 2017 1st Lien Term Loan, (1 mo. LIBOR + 4.75%),
6.70%, 12/31/22 |
|
|
|
|
|
|
4,018 |
|
|
|
4,106,717 |
|
Chesapeake Energy Corp., Term Loan, (1 mo. LIBOR + 7.50% 1.00% Floor), 9.47%, 08/23/21 |
|
|
|
|
|
|
7,832 |
|
|
|
8,221,803 |
|
CONSOL Energy, Inc., 1st Lien Term Loan B, (1 mo. LIBOR + 6.00% 1.00% Floor),
8.32%, 10/26/22 |
|
|
|
|
|
|
1,679 |
|
|
|
1,719,431 |
|
Lucid Energy Group II LLC, 2018 1st Lien Term Loan, (1 mo. LIBOR + 3.00% 1.00% Floor),
4.93%, 02/17/25(b) |
|
|
|
|
|
|
1,063 |
|
|
|
1,052,370 |
|
Medallion Midland Acquisition LLC, 1st Lien Term Loan, (1 mo. LIBOR + 3.25% 1.00% Floor),
5.23%, 10/30/24(b) |
|
|
|
|
|
|
967 |
|
|
|
950,871 |
|
Vine Oil & Gas LP, Term Loan B, (1 mo. LIBOR + 6.88% 1.00% Floor), 8.86%, 12/12/21(b) |
|
|
|
|
|
|
1,753 |
|
|
|
1,748,617 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
18,307,038 |
|
Pharmaceuticals 0.6% |
|
Amneal Pharmaceuticals LLC, 2018 Term Loan B, (3 mo. LIBOR + 3.50%), 5.63%, 05/04/25 |
|
|
|
|
|
|
3,462 |
|
|
|
3,453,345 |
|
Ceva Sante Animale, EUR Term Loan B,
06/30/21(f)(n) |
|
|
EUR |
|
|
|
1,000 |
|
|
|
1,167,753 |
|
Endo Luxembourg Finance Company I Sarl, 2017 Term Loan B, (1 mo. LIBOR + 4.25%),
6.25%, 04/29/24 |
|
|
USD |
|
|
|
1,876 |
|
|
|
1,853,752 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
Par (000) |
|
|
Value |
|
Pharmaceuticals (continued) |
|
Valeant Pharmaceuticals International, Inc., 2018 Term Loan B, 05/17/25(n) |
|
|
USD |
|
|
|
1,712 |
|
|
$ |
1,714,790 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
8,189,640 |
|
Professional Services 0.0% |
|
Information Resources, Inc., 1st Lien Term Loan, (3 mo. LIBOR + 4.25% 1.00% Floor),
6.57%, 01/18/24 |
|
|
|
|
|
|
503 |
|
|
|
505,123 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Semiconductors & Semiconductor Equipment 0.2% |
|
Microchip Technology Incorporated, 2018 Term Loan B,
05/29/25(n) |
|
|
|
|
|
|
3,184 |
|
|
|
3,200,716 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Software 1.3% |
|
Applied Systems, Inc.: |
|
|
|
|
|
|
|
|
|
|
|
|
2017 1st Lien Term Loan, (3 mo. LIBOR + 3.00% 1.00% Floor), 5.30%, 09/19/24 |
|
|
|
|
|
|
153 |
|
|
|
153,590 |
|
2017 2nd Lien Term Loan, (3 mo. LIBOR + 7.00% 1.00% Floor), 9.30%, 09/19/25 |
|
|
|
|
|
|
186 |
|
|
|
192,162 |
|
BMC Software Finance, Inc., 2017 1st Lien Term Loan, (1 mo. LIBOR + 3.25%),
5.23%, 09/10/22 |
|
|
|
|
|
|
2,563 |
|
|
|
2,565,591 |
|
Cypress Intermediate Holdings III, Inc.: |
|
|
|
|
|
|
|
|
|
|
|
|
2017 1st Lien Term Loan, (1 mo. LIBOR + 3.00% 1.00% Floor), 4.99%, 04/27/24 |
|
|
|
|
|
|
762 |
|
|
|
763,282 |
|
2017 2nd Lien Term Loan, (1 mo. LIBOR + 6.75% 1.00% Floor), 8.73%, 04/27/25 |
|
|
|
|
|
|
212 |
|
|
|
212,929 |
|
Digicel International Finance Ltd., 2017 Term Loan B, (3 mo. LIBOR + 3.25%),
5.61%, 05/28/24 |
|
|
|
|
|
|
307 |
|
|
|
299,164 |
|
Kronos, Inc., 2nd Lien Term Loan, (3 mo. LIBOR + 8.25% 1.00% Floor), 10.61%, 11/01/24 |
|
|
|
|
|
|
3,634 |
|
|
|
3,761,707 |
|
McAfee LLC, 2017 Term Loan B, (1 mo. LIBOR + 4.50% 1.00% Floor), 6.47%, 09/30/24 |
|
|
|
|
|
|
1,790 |
|
|
|
1,801,443 |
|
Mitchell International, Inc.: |
|
|
|
|
|
|
|
|
|
|
|
|
2017 1st Lien Term Loan, (1 mo. LIBOR + 3.25% 1.00% Floor), 5.23%, 11/29/24 |
|
|
|
|
|
|
943 |
|
|
|
942,572 |
|
2017 2nd Lien Term Loan, (1 mo. LIBOR + 7.25%), 9.23%, 11/20/25 |
|
|
|
|
|
|
920 |
|
|
|
925,364 |
|
2017 Delayed Draw Term Loan, (1 mo. LIBOR + 3.25%), 5.22%, 11/29/24 |
|
|
|
|
|
|
76 |
|
|
|
75,873 |
|
Renaissance Learning, Inc., 2018 Add On Term Loan,
05/18/25(n) |
|
|
|
|
|
|
724 |
|
|
|
724,000 |
|
|
|
|
Consolidated Schedule of Investments (unaudited) (continued)
May 31, 2018 |
|
BlackRock Corporate High Yield Fund, Inc. (HYT)
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
Par (000) |
|
|
Value |
|
Software (continued) |
|
SS&C Technologies Holdings Europe SARL, 2018 Term Loan B4, (1 mo. LIBOR + 2.50%),
4.48%, 04/16/25 |
|
|
USD |
|
|
|
1,792 |
|
|
$ |
1,811,371 |
|
SS&C Technologies, Inc., 2018 Term Loan B3, (1 mo. LIBOR + 2.50%), 4.48%, 04/16/25 |
|
|
|
|
|
|
4,786 |
|
|
|
4,895,733 |
|
Tempo Acquisition LLC, Term Loan, (1 mo. LIBOR + 3.00%), 4.98%, 05/01/24 |
|
|
|
|
|
|
641 |
|
|
|
640,907 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
19,765,688 |
|
Specialty Retail 0.1% |
|
Belron Finance US LLC, Term Loan B, (3 mo. LIBOR + 2.50%), 4.86%, 11/07/24 |
|
|
|
|
|
|
796 |
|
|
|
798,656 |
|
CD&R Firefly Bidco Limited, 2018 GBP Term Loan B1,
05/09/25(n) |
|
|
GBP |
|
|
|
1,000 |
|
|
|
1,319,939 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,118,595 |
|
Textiles, Apparel & Luxury Goods 0.4% |
|
Ascend Performance Materials Operations LLC, Term Loan B, (1 mo. LIBOR + 5.25% 1.00% Floor),
7.31%, 08/12/22 |
|
|
USD |
|
|
|
5,255 |
|
|
|
5,264,511 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Trading Companies & Distributors 0.1% |
|
Beacon Roofing Supply, Inc., 2017 Term Loan B, (1 mo. LIBOR + 2.25%), 4.18%, 01/02/25 |
|
|
|
|
|
|
858 |
|
|
|
857,537 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Transportation 0.0% |
|
Direct ChassisLink, Inc., 2017 2nd Lien Term Loan, (1 mo. LIBOR + 6.00%), 7.98%, 06/15/23(b) |
|
|
|
|
|
|
300 |
|
|
|
304,500 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Utilities 0.0% |
|
ExGen Renewables IV LLC, Term Loan B, (3 mo. LIBOR + 3.00% 1.00% Floor), 5.31%, 11/28/24 |
|
|
|
|
|
|
501 |
|
|
|
503,017 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Wireless Telecommunication Services 1.0% |
|
Ligado Networks LLC, 2015 2nd Lien Term Loan, 0.00%, 12/07/20 |
|
|
|
|
|
|
39,244 |
|
|
|
13,107,556 |
|
Xplornet Communications, Inc., Term Loan B,
09/09/21(b)(n) |
|
|
|
|
|
|
1,869 |
|
|
|
1,878,662 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
14,986,218 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Floating Rate Loan Interests 15.7% (Cost $258,545,300) |
|
|
|
233,401,641 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Shares |
|
|
|
|
Investment Companies 0.4% |
|
|
Diversified Financial Services 0.2% |
|
Financial Select Sector SPDR Fund |
|
|
|
|
|
|
110,107 |
|
|
|
2,992,708 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
Shares |
|
|
Value |
|
Energy Equipment & Services 0.2% |
|
SPDR S&P Oil & Gas Exploration & Production ETF |
|
|
|
|
|
|
79,711 |
|
|
$ |
3,367,790 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Investment Companies 0.4% (Cost $6,232,066) |
|
|
|
6,360,498 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Par (000) |
|
|
|
|
Non-Agency Mortgage-Backed Securities
0.1% |
|
|
Commercial Mortgage-Backed Securities 0.1% |
|
GAHR Commercial Mortgage Trust NRF, Series 2015-NRF, Class FFX,
3.38%, 12/15/34(d)(e) |
|
|
USD |
|
|
|
1,095 |
|
|
|
1,076,556 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Non-Agency Mortgage-Backed Securities
0.1% (Cost $1,062,989) |
|
|
|
1,076,556 |
|
|
|
|
|
|
|
|
|
|
Beneficial
Interest (000) |
|
|
|
|
Other Interests(o)
0.0% |
|
|
United States 0.0% |
|
Lear Corp. Escrow(b) |
|
|
|
|
|
|
1,250 |
|
|
|
12 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Other Interests 0.0% (Cost $) |
|
|
|
12 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Par (000) |
|
|
|
|
Preferred Securities |
|
Capital Trusts 5.2% |
|
|
Aerospace 0.0% |
|
Telefonica Europe BV, 2.63%(e)(j) |
|
|
EUR |
|
|
|
300 |
|
|
|
335,824 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Auto Components 0.2% |
|
General Motors Financial Co., Inc., Series A,
5.75%(e)(j) |
|
|
USD |
|
|
|
2.167 |
|
|
|
2,110,116 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Banks 1.1% |
|
ABN AMRO Bank NV(j): |
|
|
|
|
|
|
|
|
|
|
|
|
4.75%(e) |
|
|
EUR |
|
|
|
200 |
|
|
|
226,426 |
|
5.75%(h) |
|
|
|
|
|
|
300 |
|
|
|
372,635 |
|
Allied Irish Banks PLC, 7.38%(h)(j) |
|
|
|
|
|
|
210 |
|
|
|
267,596 |
|
Banco Bilbao Vizcaya Argentaria
SA, 8.88%(h)(j) |
|
|
|
|
|
|
200 |
|
|
|
264,205 |
|
Banco Santander SA, 6.25%(h)(j) |
|
|
|
|
|
|
400 |
|
|
|
478,048 |
|
Bankia SA, 6.00%(h)(j) |
|
|
|
|
|
|
200 |
|
|
|
237,192 |
|
CaixaBank SA, 5.25%(e)(j) |
|
|
|
|
|
|
200 |
|
|
|
213,820 |
|
CIT Group, Inc., Series A, 5.80%(h)(j) |
|
|
USD |
|
|
|
1.647 |
|
|
|
1,636,706 |
|
Citigroup, Inc.(h)(j): |
|
|
|
|
|
|
|
|
|
|
|
|
5.95% |
|
|
|
|
|
|
1.405 |
|
|
|
1,427,831 |
|
Series O, 5.88% |
|
|
|
|
|
|
2.405 |
|
|
|
2,471,138 |
|
|
|
|
Consolidated Schedule of Investments (unaudited) (continued)
May 31, 2018 |
|
BlackRock Corporate High Yield Fund, Inc. (HYT)
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
|
Par (000) |
|
|
Value |
|
Banks (continued) |
|
Citigroup, Inc. (continued)(h)(j): |
|
|
|
|
|
|
|
|
|
|
|
|
Series Q, 5.95% |
|
|
USD |
|
|
|
1.165 |
|
|
$ |
1,206,381 |
|
Series R, 6.13% |
|
|
|
|
|
|
615 |
|
|
|
641,138 |
|
Cooperatieve Rabobank UA(h)(j): |
|
|
EUR |
|
|
|
|
|
|
|
|
|
5.50% |
|
|
|
|
|
|
200 |
|
|
|
249,592 |
|
6.63% |
|
|
|
|
|
|
400 |
|
|
|
527,770 |
|
Danske Bank A/S, 5.75%(h)(j) |
|
|
|
|
|
|
200 |
|
|
|
245,779 |
|
Erste Group Bank AG, 6.50%(h)(j) |
|
|
|
|
|
|
400 |
|
|
|
510,903 |
|
Hongkong & Shanghai Banking Corp. Ltd., Series 3H, 2.56%(c)(j) |
|
|
USD |
|
|
|
400 |
|
|
|
300,016 |
|
HSBC Holdings PLC, 6.38%(h)(j) |
|
|
|
|
|
|
210 |
|
|
|
210,263 |
|
Intesa Sanpaolo SpA, 7.00%(h)(j) |
|
|
EUR |
|
|
|
375 |
|
|
|
454,834 |
|
KBC Group NV, 5.63%(h)(j) |
|
|
|
|
|
|
200 |
|
|
|
238,971 |
|
National Westminster Bank PLC, Series C,
2.56%(e)(j) |
|
|
USD |
|
|
|
200 |
|
|
|
160,800 |
|
Swedbank Hypotek AB, 6.00%(h)(j) |
|
|
|
|
|
|
200 |
|
|
|
199,340 |
|
Wells Fargo & Co.(h)(j): |
|
|
|
|
|
|
|
|
|
|
|
|
Series S, 5.90% |
|
|
|
|
|
|
1.730 |
|
|
|
1,734,498 |
|
Series U, 5.88% |
|
|
|
|
|
|
2.055 |
|
|
|
2,110,012 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
16,385,894 |
|
Capital Markets 0.9% |
|
Goldman Sachs Group, Inc., Series P, 5.00%(e)(j) |
|
|
|
|
|
|
7.660 |
|
|
|
7,284,660 |
|
Morgan Stanley(h)(j): |
|
|
|
|
|
|
|
|
|
|
|
|
Series H, 5.45% |
|
|
|
|
|
|
3.309 |
|
|
|
3,371,044 |
|
Series J, 5.55% |
|
|
|
|
|
|
440 |
|
|
|
451,550 |
|
UBS Group AG(h)(j): |
|
|
|
|
|
|
|
|
|
|
|
|
5.75% |
|
|
EUR |
|
|
|
800 |
|
|
|
1,018,243 |
|
7.00% |
|
|
USD |
|
|
|
425 |
|
|
|
439,157 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
12,564,654 |
|
Chemicals 0.1% |
|
Solvay Finance SA, 5.12%(h)(j) |
|
|
EUR |
|
|
|
730 |
|
|
|
934,481 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Diversified Financial Services 2.4% |
|
ATF Netherlands BV, 3.75%(h)(j) |
|
|
|
|
|
|
200 |
|
|
|
236,733 |
|
Banco Santander SA(j): |
|
|
|
|
|
|
|
|
|
|
|
|
4.75%(e) |
|
|
|
|
|
|
200 |
|
|
|
216,242 |
|
6.75%(h) |
|
|
|
|
|
|
300 |
|
|
|
379,673 |
|
Bank of America Corp.(h)(j): |
|
|
|
|
|
|
|
|
|
|
|
|
Series AA, 6.10% |
|
|
USD |
|
|
|
5.271 |
|
|
|
5,435,719 |
|
Series V, 5.13% |
|
|
|
|
|
|
2.205 |
|
|
|
2,227,050 |
|
Series X, 6.25% |
|
|
|
|
|
|
2.874 |
|
|
|
2,989,592 |
|
Series Z, 6.50% |
|
|
|
|
|
|
1.816 |
|
|
|
1,927,230 |
|
Barclays PLC, 7.25%(h)(j) |
|
|
GBP |
|
|
|
680 |
|
|
|
946,101 |
|
BNP Paribas SA, 6.13%(h)(j) |
|
|
EUR |
|
|
|
220 |
|
|
|
283,368 |
|
Credit Agricole SA, 6.50%(h)(j) |
|
|
|
|
|
|
600 |
|
|
|
764,559 |
|
Credit Suisse Group AG, 6.25%(h)(j) |
|
|
USD |
|
|
|
300 |
|
|
|
297,750 |
|
HBOS Capital Funding LP, 6.85%(j) |
|
|
|
|
|
|
800 |
|
|
|
807,680 |
|
HSBC Holdings PLC, 6.00%(h)(j) |
|
|
|
|
|
|
2.298 |
|
|
|
2,200,335 |
|
JPMorgan Chase & Co. Series Q,
5.15%(h)(j): |
|
|
|
|
|
|
850 |
|
|
|
839,375 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
|
Par (000) |
|
|
Value |
|
Diversified Financial Services (continued) |
|
Series S, 6.75% |
|
|
USD |
|
|
|
5.324 |
|
|
$ |
5,758,172 |
|
Series U, 6.13% |
|
|
|
|
|
|
4.228 |
|
|
|
4,365,410 |
|
Series V, 5.00% |
|
|
|
|
|
|
3.075 |
|
|
|
3,101,906 |
|
Series X, 6.10% |
|
|
|
|
|
|
715 |
|
|
|
732,875 |
|
Royal Bank of Scotland Group PLC(h)(j): |
|
|
|
|
|
|
|
|
|
|
|
|
7.50% |
|
|
|
|
|
|
200 |
|
|
|
206,000 |
|
8.63% |
|
|
|
|
|
|
982 |
|
|
|
1,062,721 |
|
Societe Generale SA, 8.88%(h)(j) |
|
|
GBP |
|
|
|
200 |
|
|
|
266,527 |
|
UBS Group Funding Switzerland
AG, 5.00%(e)(j) |
|
|
USD |
|
|
|
375 |
|
|
|
337,916 |
|
UniCredit SpA(h)(j): |
|
|
|
|
|
|
|
|
|
|
|
|
6.75% |
|
|
EUR |
|
|
|
200 |
|
|
|
236,148 |
|
9.25% |
|
|
|
|
|
|
425 |
|
|
|
557,698 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
36,176,780 |
|
Diversified Telecommunication Services 0.3% |
|
Koninklijke KPN NV(h): |
|
|
|
|
|
|
|
|
|
|
|
|
6.13%(j) |
|
|
|
|
|
|
561 |
|
|
|
665,873 |
|
6.88% |
|
|
GBP |
|
|
|
230 |
|
|
|
325,242 |
|
Telefonica Europe BV(h)(j): |
|
|
|
|
|
|
|
|
|
|
|
|
3.75% |
|
|
EUR |
|
|
|
200 |
|
|
|
240,591 |
|
4.20% |
|
|
|
|
|
|
1.500 |
|
|
|
1,826,717 |
|
6.50% |
|
|
|
|
|
|
600 |
|
|
|
713,119 |
|
6.75% |
|
|
GBP |
|
|
|
200 |
|
|
|
284,481 |
|
7.63% |
|
|
EUR |
|
|
|
300 |
|
|
|
412,967 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4,468,990 |
|
Electric Utilities 0.1% |
|
Enel SpA, 2.50% , 11/24/2078(e) |
|
|
|
|
|
|
175 |
|
|
|
198,692 |
|
Gas Natural Fenosa Finance BV, 4.13%(h)(j) |
|
|
|
|
|
|
100 |
|
|
|
122,326 |
|
Origin Energy Finance Ltd.,
4.00%, 09/16/2074(h) |
|
|
|
|
|
|
410 |
|
|
|
495,487 |
|
RWE AG, 2.75% , 04/21/2075(h) |
|
|
|
|
|
|
300 |
|
|
|
356,574 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,173,079 |
|
Electronic Equipment, Instruments & Components 0.0% |
|
Belden, Inc., 4.13% , 10/15/2026 |
|
|
|
|
|
|
200 |
|
|
|
243,195 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Insurance 0.0% |
|
Groupama SA, 6.38%(h)(j) |
|
|
|
|
|
|
200 |
|
|
|
263,332 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Media 0.0% |
|
NBCUniversal Enterprise, Inc., 5.25%(d)(j) |
|
|
USD |
|
|
|
400 |
|
|
|
408,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Oil, Gas & Consumable Fuels 0.1% |
|
Gas Natural Fenosa Finance BV, 3.38%(e)(j) |
|
|
EUR |
|
|
|
500 |
|
|
|
581,207 |
|
Repsol International Finance BV(h): |
|
|
|
|
|
|
|
|
|
|
|
|
3.88%(j) |
|
|
|
|
|
|
300 |
|
|
|
368,272 |
|
4.50% |
|
|
|
|
|
|
678 |
|
|
|
838,588 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,788,067 |
|
|
|
|
Consolidated Schedule of Investments (unaudited) (continued)
May 31, 2018 |
|
BlackRock Corporate High Yield Fund, Inc. (HYT)
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
Par (000) |
|
|
Value |
|
Real Estate 0.0% |
|
AT Securities BV, 5.25%(h)(j) |
|
|
USD |
|
|
|
500 |
|
|
$ |
471,250 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Real Estate Management & Development 0.0% |
|
Fastighets AB Balder, Series., 3.00%(e) |
|
|
EUR |
|
|
|
100 |
|
|
|
111,937 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Capital Trusts 5.2% (Cost $76,187,075) |
|
|
|
77,435,599 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Shares |
|
|
|
|
Preferred Stocks 1.5% |
|
|
Auto Components 0.2% |
|
UCI International, Inc., 0.00% |
|
|
|
|
|
|
164,729 |
|
|
|
2,985,713 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Diversified Financial Services 0.0% |
|
Concrete Investments II, 0.00% (b) |
|
|
|
|
|
|
4,997 |
|
|
|
96,389 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Hotels, Restaurants & Leisure 1.2% |
|
The Stars Group, Inc., 0.00% (b)(k) |
|
|
|
|
|
|
9,482 |
|
|
|
16,963,171 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Machinery 0.1% |
|
Rexnord Corp., Series A, 5.75% (k) |
|
|
|
|
|
|
21,600 |
|
|
|
1,355,832 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Wireless Telecommunication Services 0.0% |
|
CF-B L2 (D) LLC (Acquired 04/08/15, cost $642,898), 0.00%(p) |
|
|
|
|
|
|
649,556 |
|
|
|
270,930 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Preferred Stocks 1.5% (Cost $18,108,561) |
|
|
|
21,672,035 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Trust Preferred |
|
|
Diversified Financial Services 0.4% |
|
GMAC Capital Trust I, Series 2,
7.10%, 02/15/40(h) |
|
|
|
|
|
|
256,246 |
|
|
|
6,690,583 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Trust Preferred 0.4% (Cost $6,729,957) |
|
|
|
6,690,583 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Preferred Securities 7.1% (Cost $101,025,593) |
|
|
$ |
105,798,217 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
Shares |
|
|
Value |
|
Warrants 0.0% |
|
Metals & Mining 0.0% |
|
Peninsula Energy Ltd. (Expires 12/31/18), (1 Share for 1 Warrant, Expires 12/31/18, Strike Price AUD
0.05) |
|
|
|
|
|
|
515,378 |
|
|
$ |
1,949 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Software 0.0% |
|
HMH Holdings/EduMedia (Issued/exercisable 3/09/10, 19 Shares for 1 Warrant, Expires 6/22/19, Strike Price
$42.27)(b) |
|
|
|
|
|
|
6,494 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Warrants 0.0% (Cost $65) |
|
|
|
1,949 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Long-Term Investments 145.0% (Cost $2,227,685,547) |
|
|
|
2,154,911,650 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Short-Term Securities 0.2% |
|
BlackRock Liquidity Funds, T-Fund, Institutional Class, 1.61%(r)(s) |
|
|
|
|
|
|
2,919,307 |
|
|
|
2,919,307 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Short-Term Securities 0.2% (Cost $2,919,307) |
|
|
|
2,919,307 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Options Purchased 0.0% (Cost $324,785) |
|
|
|
122,206 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Investments Before Options Written 145.2% (Cost
$2,230,929,639) |
|
|
|
2,157,953,163 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Options Written (0.0)% (Premiums Received $257,343) |
|
|
|
(93,257 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Investments, Net of Options Written 145.2% (Cost
$2,230,672,296) |
|
|
|
2,157,859,906 |
|
Liabilities in Excess of Other Assets (45.2)% |
|
|
|
(671,526,730 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Assets Applicable to Common Shares 100.0% |
|
|
$ |
1,486,333,176 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(a) |
Non-income producing security. |
(b) |
Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy. |
(c) |
Variable rate security. Rate shown is the rate in effect as of period end. |
(d) |
Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors.
|
(e) |
Variable or floating rate security, which interest rate adjusts periodically based on changes in current interest rates and prepayments on the underlying pool of assets. Rate shown is the rate in effect as of period
end. |
(f) |
When-issued security. |
(g) |
Payment-in-kind security which may pay interest/dividends in additional par/shares and/or in cash. Rates shown are the current rate and
possible payment rates. |
(h) |
Variable rate security. Security may be issued at a fixed coupon rate, which converts to a variable rate at a specified date. Rate shown is the rate in effect as of period end. |
(i) |
Issuer filed for bankruptcy and/or is in default. |
(j) |
Perpetual security with no stated maturity date. |
(k) |
Convertible security. |
(l) |
Step-up bond that pays an initial coupon rate for the first period and then a higher coupon rate for the following periods. Rate as of period end. |
|
|
|
Consolidated Schedule of Investments (unaudited) (continued)
May 31, 2018 |
|
BlackRock Corporate High Yield Fund, Inc. (HYT) |
(n) |
Represents an unsettled loan commitment at period end. Certain details associated with this purchase are not known prior to the settlement date, including coupon rate. |
(o) |
Other interests represent beneficial interests in liquidation trusts and other reorganization or private entities. |
(p) |
Restricted security as to resale, excluding 144A securities. As of period end, the Trust held restricted securities with a current value of $813,252 and an original cost of $1,455,261, which was less than 0.20% of its
net assets. |
(q) |
All or a portion of the security is held by a wholly-owned subsidiary. |
(r) |
Annualized 7-day yield as of period end. |
(s) |
During the period ended May 31, 2018, investments in issuers considered to be affiliates of the Trust for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, and/or related parties
of the Fund were as follows: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Affiliated Persons and/or Related Parties |
|
|
Shares Held
at 08/31/17 |
|
|
|
Shares Purchased |
|
|
|
Shares Sold |
|
|
|
Shares Held
at 05/31/18 |
|
|
|
Value at 05/31/18 |
|
|
|
Income |
|
|
|
Net Realized
Gain (Loss) |
(a) |
|
|
Change in Unrealized Appreciation (Depreciation) |
|
BlackRock Liquidity Funds, T-Fund, Institutional Class |
|
|
|
|
|
|
2,919,307 |
(b) |
|
|
|
|
|
|
2,919,307 |
|
|
$ |
2,919,307 |
|
|
$ |
31,467 |
|
|
$ |
10 |
|
|
$ |
|
|
iShares iBoxx USD High Yield Corporate Bond ETF |
|
|
349,667 |
|
|
|
85,000 |
|
|
|
(434,667 |
) |
|
|
|
|
|
|
|
|
|
|
715,198 |
|
|
|
(863,350 |
) |
|
|
1,469 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
2,919,307 |
|
|
$ |
746,665 |
|
|
$ |
(863,340 |
) |
|
$ |
1,469 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(a) |
Includes net capital gain distributions, if applicable. |
|
|
(b) |
Represents net shares purchased. |
|
For Trust compliance purposes, the Trusts industry classifications refer to one or more of the industry sub-classifications used by one or more widely recognized market indexes or rating group indexes, and/or as defined by the investment adviser. These definitions may not apply for purposes of this report, which may
combine such industry sub-classifications for reporting ease.
Portfolio Abbreviations
AUD Australian Dollar
CAD Canadian Dollar
CLO Collateralized Loan Obligation
ETF Exchange-Traded Fund
EUR Euro
GBP British Pound
LIBOR London Interbank Offered Rate
MTN Medium-Term Note
OTC Over-the-Counter
PIK Payment-In-Kind
S&P S&P Global Ratings
SPDR Standard & Poors
Depository Receipts
USD U.S. Dollar
|
|
|
Consolidated Schedule of Investments (unaudited) (continued)
May 31, 2018 |
|
BlackRock Corporate High Yield Fund, Inc. (HYT) |
Derivative Financial Instruments Outstanding as of Period End
Futures Contracts
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Description |
|
Number of Contracts |
|
|
Expiration Date |
|
|
Notional Amount (000) |
|
|
Value / Unrealized Appreciation (Depreciation) |
|
Long Contracts: |
|
Euro Stoxx 50 Index |
|
|
4 |
|
|
|
06/15/18 |
|
|
$ |
159 |
|
|
$ |
4,202 |
|
Euro Stoxx 600 Index |
|
|
6 |
|
|
|
06/15/18 |
|
|
|
57 |
|
|
|
(4,746 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(544 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Short Contracts: |
|
Euro Bund |
|
|
5 |
|
|
|
06/07/18 |
|
|
|
775 |
|
|
|
(10,748 |
) |
Euro BOBL Futures |
|
|
1 |
|
|
|
06/07/18 |
|
|
|
190 |
|
|
|
(4,888 |
) |
Russell 2000 E-Mini Index |
|
|
119 |
|
|
|
06/15/18 |
|
|
|
9,723 |
|
|
|
(98,824 |
) |
S&P 500 E-Mini Index |
|
|
73 |
|
|
|
06/15/18 |
|
|
|
9,875 |
|
|
|
(308,564 |
) |
10-Year U.S. Treasury Note |
|
|
9 |
|
|
|
09/19/18 |
|
|
|
1,084 |
|
|
|
(7,959 |
) |
Long Gilt Future |
|
|
3 |
|
|
|
09/26/18 |
|
|
|
492 |
|
|
|
(6,344 |
) |
5-Year U.S. Treasury Note |
|
|
4 |
|
|
|
09/28/18 |
|
|
|
456 |
|
|
|
1,186 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(436,141 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
(436,685 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Forward Foreign Currency Exchange Contracts
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Currency
Purchased |
|
|
Currency
Sold |
|
|
Counterparty |
|
Settlement Date |
|
|
Unrealized Appreciation (Depreciation) |
|
CAD |
|
|
372,000 |
|
|
USD |
|
|
286,772 |
|
|
State Street Bank and Trust Co. |
|
|
06/04/18 |
|
|
$ |
148 |
|
EUR |
|
|
83,806,000 |
|
|
USD |
|
|
97,843,505 |
|
|
Morgan Stanley & Co. International
PLC |
|
|
06/04/18 |
|
|
|
129,946 |
|
USD |
|
|
839,352 |
|
|
CAD |
|
|
1,077,000 |
|
|
Goldman Sachs International |
|
|
06/04/18 |
|
|
|
8,674 |
|
USD |
|
|
219,245 |
|
|
EUR |
|
|
186,000 |
|
|
Australia and New Zealand Bank Group |
|
|
06/04/18 |
|
|
|
1,802 |
|
USD |
|
|
1,648,875 |
|
|
EUR |
|
|
1,380,000 |
|
|
Australia and New Zealand Bank Group |
|
|
06/04/18 |
|
|
|
35,585 |
|
USD |
|
|
1,131,017 |
|
|
EUR |
|
|
960,000 |
|
|
Citibank N.A. |
|
|
06/04/18 |
|
|
|
8,728 |
|
USD |
|
|
7,080 |
|
|
EUR |
|
|
6,000 |
|
|
Goldman Sachs International |
|
|
06/04/18 |
|
|
|
66 |
|
USD |
|
|
381,230 |
|
|
EUR |
|
|
317,000 |
|
|
Goldman Sachs International |
|
|
06/04/18 |
|
|
|
10,641 |
|
USD |
|
|
127,472 |
|
|
EUR |
|
|
108,000 |
|
|
Morgan Stanley & Co. International PLC |
|
|
06/04/18 |
|
|
|
1,214 |
|
USD |
|
|
109,688 |
|
|
EUR |
|
|
93,000 |
|
|
Nomura International PLC |
|
|
06/04/18 |
|
|
|
966 |
|
USD |
|
|
1,419,900 |
|
|
EUR |
|
|
1,186,000 |
|
|
State Street Bank and Trust Co. |
|
|
06/04/18 |
|
|
|
33,406 |
|
USD |
|
|
802,541 |
|
|
EUR |
|
|
679,000 |
|
|
UBS AG |
|
|
06/04/18 |
|
|
|
8,756 |
|
USD |
|
|
97,434,141 |
|
|
EUR |
|
|
80,475,000 |
|
|
UBS AG |
|
|
06/04/18 |
|
|
|
3,354,797 |
|
USD |
|
|
13,523,836 |
|
|
GBP |
|
|
9,824,000 |
|
|
BNP Paribas S.A. |
|
|
06/04/18 |
|
|
|
464,296 |
|
USD |
|
|
193,609 |
|
|
GBP |
|
|
142,000 |
|
|
Nomura International PLC |
|
|
06/04/18 |
|
|
|
4,841 |
|
USD |
|
|
992,628 |
|
|
AUD |
|
|
1,309,000 |
|
|
National Australia Bank Ltd. |
|
|
07/05/18 |
|
|
|
2,513 |
|
USD |
|
|
13,258,242 |
|
|
GBP |
|
|
9,950,535 |
|
|
BNP Paribas S.A. |
|
|
07/05/18 |
|
|
|
9,198 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4,075,577 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Consolidated Schedule of Investments (unaudited) (continued)
May 31, 2018 |
|
BlackRock Corporate High Yield Fund, Inc. (HYT) |
Forward Foreign Currency Exchange Contracts (continued)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Currency
Purchased |
|
|
Currency
Sold |
|
|
Counterparty |
|
Settlement Date |
|
|
Unrealized Appreciation (Depreciation) |
|
AUD |
|
|
1,309,000 |
|
|
USD |
|
|
992,445 |
|
|
National Australia Bank Ltd. |
|
|
06/04/18 |
|
|
$ |
(2,513 |
) |
GBP |
|
|
9,950,535 |
|
|
USD |
|
|
13,237,196 |
|
|
BNP Paribas S.A. |
|
|
06/04/18 |
|
|
|
(9,447 |
) |
USD |
|
|
987,467 |
|
|
AUD |
|
|
1,309,000 |
|
|
National Australia Bank Ltd. |
|
|
06/04/18 |
|
|
|
(2,464 |
) |
USD |
|
|
287,028 |
|
|
CAD |
|
|
372,000 |
|
|
State Street Bank and Trust Co. |
|
|
07/05/18 |
|
|
|
(145 |
) |
USD |
|
|
98,079,838 |
|
|
EUR |
|
|
83,806,000 |
|
|
Morgan Stanley & Co. International PLC |
|
|
07/05/18 |
|
|
|
(133,298 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(147,867 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
3,927,710 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Exchange-Traded Options Purchased
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Description |
|
|
Number of Contracts |
|
|
Expiration Date |
|
Exercise Price |
|
|
Notional Amount (000) |
|
|
Value |
|
Euro Stoxx 50 Index |
|
|
|
81 |
|
|
08/17/18 |
|
|
EUR |
|
|
3,750.00 |
|
|
|
EUR |
|
|
|
35 |
|
|
$ |
1,373 |
|
S&P 500 Index |
|
|
|
3 |
|
|
08/17/18 |
|
|
USD |
|
|
2,725.00 |
|
|
|
USD |
|
|
|
818 |
|
|
|
15,105 |
|
S&P 500 Index |
|
|
|
11 |
|
|
08/17/18 |
|
|
USD |
|
|
2,850.00 |
|
|
|
USD |
|
|
|
3,135 |
|
|
|
7,205 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
23,683 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
OTC Options Purchased
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Description |
|
Counterparty |
|
|
Number of
Contracts |
|
|
Expiration Date |
|
Exercise Price |
|
Notional Amount (000) |
|
|
Value |
|
Call |
|
Marsico Parent Superholdco LLC |
|
|
Goldman Sachs & Co. |
|
|
|
39 |
|
|
12/14/19 |
|
|
USD |
|
|
942.86 |
|
|
USD |
|
|
|
|
|
|
$ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
OTC Credit Default Swaptions Purchased
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Description |
|
Paid by the Trust |
|
Received by the Trust |
|
Counterparty |
|
Expiration Date |
|
|
Exercise Rate |
|
|
Notional Amount (000) |
|
|
Value |
|
|
Rate |
|
|
Frequency |
|
Rate |
|
|
Frequency |
|
|
|
|
|
Call |
|
|
|
|
Markit CDX North America High Yield Index, Series 30,Version 1, 06/20/23 |
|
$ |
106.50 |
|
|
Quarterly |
|
|
3-Month LIBOR, 2.32 |
% |
|
Quarterly |
|
Goldman Sachs International |
|
|
06/20/18 |
|
|
$ |
106.50 |
|
|
USD |
15,600 |
|
|
$ |
34,242 |
|
Markit CDX North America High Yield Index, Series 30,Version 1, 06/20/23 |
|
|
107.00 |
|
|
Quarterly |
|
|
3-Month LIBOR, 2.32 |
|
|
Quarterly |
|
Goldman Sachs International |
|
|
06/20/18 |
|
|
|
107.00 |
|
|
USD |
84,100 |
|
|
|
64,281 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
98,523 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Exchange-Traded Options Written
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Description |
|
Number of Contracts |
|
|
Expiration Date |
|
|
Exercise Price |
|
|
Notional Amount (000) |
|
|
Value |
|
Call |
|
S&P 500 Index |
|
|
3 |
|
|
|
08/17/18 |
|
|
USD |
|
|
2,800.00 |
|
|
USD |
|
|
840 |
|
|
$ |
(5,025 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Consolidated Schedule of Investments (unaudited) (continued)
May 31, 2018 |
|
BlackRock Corporate High Yield Fund, Inc. (HYT) |
OTC Credit Default Swaptions Written
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Paid by the Trust |
|
Received by the Trust |
|
|
|
Description |
|
Rate |
|
|
Frequency |
|
Rate |
|
Frequency |
|
Counterparty |
|
Expiration
Date |
|
|
Exercise
Price |
|
|
Credit
Rating |
|
Notional
Amount (000) |
|
|
Value |
|
Put |
|
|
|
|
|
|
Markit CDX North America High Yield Index, Series 30,Version 1 |
|
$ |
103.50 |
|
|
Quarterly |
|
3-Month LIBOR, 2.32% |
|
Quarterly |
|
Goldman Sachs International |
|
|
06/20/18 |
|
|
$ |
103.50 |
|
|
B+ |
|
|
USD |
|
|
|
99,700 |
|
|
$ |
(88,232 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Centrally Cleared Credit Default Swaps Sell Protection
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Reference Obligation/Index |
|
|
Financing Rate Received by the Trust |
|
|
|
Payment Frequency |
|
|
|
Termination Date |
|
|
|
Credit Rating (a) |
|
|
|
Notional Amount (000) |
(b) |
|
|
Value |
|
|
|
Upfront Premium Paid (Received) |
|
|
|
Unrealized Appreciation (Depreciation) |
|
Chesapeake Energy Corp. |
|
|
5.00 |
% |
|
|
Quarterly |
|
|
|
12/20/21 |
|
|
|
CCC |
|
|
USD |
425 |
|
|
$ |
17,411 |
|
|
$ |
(12,677 |
) |
|
$ |
30,088 |
|
Markit CDX North America High Yield Index, Series 30, Version 1 |
|
|
5.00 |
|
|
|
Quarterly |
|
|
|
06/20/23 |
|
|
|
N/R |
|
|
USD |
36,351 |
|
|
|
2,628,718 |
|
|
|
2,241,044 |
|
|
|
387,674 |
|
Markit iTraxx XO, Series 29, Version 1 |
|
|
5.00 |
|
|
|
Quarterly |
|
|
|
06/20/23 |
|
|
|
BB- |
|
|
EUR |
1,500 |
|
|
|
168,469 |
|
|
|
185,220 |
|
|
|
(16,751 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
2,814,598 |
|
|
$ |
2,413,587 |
|
|
$ |
401,011 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(a) |
Using S&P/Standard & Poors rating of the issuer or the underlying securities of the index, as applicable. |
|
|
(b) |
The maximum potential amount the Trust may pay should a negative credit event take place as defined under the terms of the agreement. |
|
OTC Credit Default Swaps Buy Protection
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Reference Obligation/Index |
|
Financing
Rate Paid
by the Trust |
|
|
Payment Frequency |
|
|
Counterparty |
|
|
Termination Date |
|
|
Notional Amount (000) |
|
|
Value |
|
|
Upfront Premium Paid (Received) |
|
|
Unrealized Appreciation (Depreciation) |
|
Frontier Communications Corp. |
|
|
5.00 |
% |
|
|
Quarterly |
|
|
|
Barclays Bank PLC |
|
|
|
06/20/23 |
|
|
|
USD |
|
|
|
784 |
|
|
$ |
220,487 |
|
|
$ |
265,639 |
|
|
$ |
(45,152 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
OTC Credit Default Swaps Sell Protection
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Reference Obligation/Index |
|
|
Financing Rate Received by the Trust |
|
|
|
Payment Frequency |
|
|
|
Counterparty |
|
|
|
Termination Date |
|
|
Credit
Rating (a) |
|
|
Notional Amount (000) |
(b) |
|
|
Value |
|
|
|
Upfront Premium Paid (Received) |
|
|
|
Unrealized Appreciation (Depreciation) |
|
Jaguar Land Rover Automotive PLC |
|
|
5.00 |
% |
|
|
Quarterly |
|
|
|
Credit Suisse International |
|
|
|
06/20/22 |
|
|
BB+ |
|
EUR |
150 |
|
|
$ |
22,128 |
|
|
$ |
24,070 |
|
|
$ |
(1,942 |
) |
Saipem Finance International BV |
|
|
5.00 |
|
|
|
Quarterly |
|
|
|
Credit Suisse International |
|
|
|
06/20/22 |
|
|
BB+ |
|
EUR |
200 |
|
|
|
32,424 |
|
|
|
11,978 |
|
|
|
20,446 |
|
Casino Guichard Perrachon SA |
|
|
1.00 |
|
|
|
Quarterly |
|
|
|
J.P. Morgan Chase Bank N.A. |
|
|
|
12/20/22 |
|
|
BB+ |
|
EUR |
150 |
|
|
|
(15,501 |
) |
|
|
(5,955 |
) |
|
|
(9,546 |
) |
Fiat Chrysler Automobiles NV |
|
|
5.00 |
|
|
|
Quarterly |
|
|
|
Citibank N.A. |
|
|
|
12/20/22 |
|
|
BB+ |
|
EUR |
100 |
|
|
|
18,917 |
|
|
|
19,772 |
|
|
|
(855 |
) |
Jaguar Land Rover Automotive PLC |
|
|
5.00 |
|
|
|
Quarterly |
|
|
|
Barclays Bank PLC |
|
|
|
12/20/22 |
|
|
BB+ |
|
EUR |
150 |
|
|
|
22,081 |
|
|
|
27,704 |
|
|
|
(5,623 |
) |
Telecom Italia SpA/Milano |
|
|
1.00 |
|
|
|
Quarterly |
|
|
|
Citibank N.A. |
|
|
|
12/20/22 |
|
|
BB+ |
|
EUR |
170 |
|
|
|
(6,378 |
) |
|
|
(3,218 |
) |
|
|
(3,160 |
) |
Casino Guichard Perrachon SA |
|
|
1.00 |
|
|
|
Quarterly |
|
|
|
JPMorgan Chase Bank N.A. |
|
|
|
06/20/23 |
|
|
BB+ |
|
EUR |
90 |
|
|
|
(11,118 |
) |
|
|
(9,154 |
) |
|
|
(1,964 |
) |
Casino Guichard Perrachon SA |
|
|
1.00 |
|
|
|
Quarterly |
|
|
|
Goldman Sachs International |
|
|
|
06/20/23 |
|
|
BB+ |
|
EUR |
80 |
|
|
|
(9,883 |
) |
|
|
(8,311 |
) |
|
|
(1,572 |
) |
Deutsche Bank AG |
|
|
1.00 |
|
|
|
Quarterly |
|
|
|
Goldman Sachs International |
|
|
|
06/20/23 |
|
|
BBB- |
|
EUR |
350 |
|
|
|
(11,059 |
) |
|
|
(2,947 |
) |
|
|
(8,112 |
) |
Intesa Sanpaolo SpA |
|
|
1.00 |
|
|
|
Quarterly |
|
|
|
Citibank N.A. |
|
|
|
06/20/23 |
|
|
BB+ |
|
EUR |
240 |
|
|
|
(37,635 |
) |
|
|
(37,733 |
) |
|
|
98 |
|
Intrum Justitia AB |
|
|
3.13 |
|
|
|
Quarterly |
|
|
|
Credit Suisse International |
|
|
|
06/20/23 |
|
|
BB+ |
|
EUR |
110 |
|
|
|
10,799 |
|
|
|
11,234 |
|
|
|
(435 |
) |
Intrum Justitia AB |
|
|
3.13 |
|
|
|
Quarterly |
|
|
|
Credit Suisse International |
|
|
|
06/20/23 |
|
|
BB+ |
|
EUR |
150 |
|
|
|
14,727 |
|
|
|
16,212 |
|
|
|
(1,485 |
) |
|
|
|
Consolidated Schedule of Investments (unaudited) (continued)
May 31, 2018 |
|
BlackRock Corporate High Yield Fund, Inc. (HYT) |
OTC Credit Default Swaps Sell Protection (continued)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Reference Obligation/Index |
|
Financing
Rate Received by the Trust |
|
Payment Frequency |
|
|
Counterparty |
|
|
|
Termination Date |
|
|
|
Credit Rating (a) |
|
|
|
Notional Amount (000) |
(b) |
|
|
Value |
|
|
|
Upfront Premium Paid (Received) |
|
|
|
Unrealized Appreciation (Depreciation) |
|
Intrum Justitia AB |
|
3.13 |
|
Quarterly |
|
|
Morgan Stanley & Co. International PLC |
|
|
|
06/20/23 |
|
|
|
BB+ |
|
|
EUR |
200 |
|
|
$ |
19,639 |
|
|
$ |
23,522 |
|
|
$ |
(3,883 |
) |
Intrum Justitia AB |
|
3.13 |
|
Quarterly |
|
|
Credit Suisse International |
|
|
|
06/20/23 |
|
|
|
BB+ |
|
|
EUR |
39 |
|
|
|
3,816 |
|
|
|
4,689 |
|
|
|
(873 |
) |
Intrum Justitia AB |
|
3.13 |
|
Quarterly |
|
|
Morgan Stanley & Co. International PLC |
|
|
|
06/20/23 |
|
|
|
BB+ |
|
|
EUR |
131 |
|
|
|
12,878 |
|
|
|
15,812 |
|
|
|
(2,934 |
) |
Jaguar Land Rover Automotive PLC |
|
5.00 |
|
Quarterly |
|
|
Goldman Sachs International |
|
|
|
06/20/23 |
|
|
|
BB+ |
|
|
EUR |
32 |
|
|
|
4,661 |
|
|
|
5,488 |
|
|
|
(827 |
) |
TDC A/S |
|
3.75 |
|
Quarterly |
|
|
Barclays Bank PLC |
|
|
|
06/20/23 |
|
|
|
BB+ |
|
|
EUR |
100 |
|
|
|
(10,056 |
) |
|
|
(9,814 |
) |
|
|
(242 |
) |
TDC A/S |
|
3.75 |
|
Quarterly |
|
|
Goldman Sachs International |
|
|
|
06/20/23 |
|
|
|
BB+ |
|
|
EUR |
50 |
|
|
|
(5,028 |
) |
|
|
(4,791 |
) |
|
|
(237 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
55,412 |
|
|
$ |
78,558 |
|
|
$ |
(23,146 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(a) |
Using Standard & Poors rating of the issuer or the underlying securities of the index, as applicable. |
|
|
(b) |
The maximum potential amount the Trust may pay should a negative credit event take place as defined under the terms of the agreement. |
|
OTC Total Return Swaps
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Paid by the Trust |
|
|
Received by the Trust |
|
|
Counterparty |
|
|
Effective Date |
|
|
Termination Date |
|
|
Notional Amount/ Contract Amount (000) |
|
|
Value |
|
|
Upfront Premium Paid (Received) |
|
|
Unrealized Appreciation (Depreciation) |
|
Reference |
|
Frequency |
|
|
Rate |
|
|
Frequency |
|
|
|
|
|
|
|
|
iShares iBoxx $ High Yield Corporate Bond ETF |
|
|
Monthly |
|
|
|
1-Month LIBOR, 2.25% |
|
|
|
Monthly |
|
|
|
Goldman Sachs International |
|
|
|
05/11/18 |
|
|
|
06/08/18 |
|
|
|
USD |
|
|
|
104 |
|
|
$ |
(35,953 |
) |
|
$ |
|
|
|
$ |
(35,953 |
) |
iBoxx USD Liquid High Yield Index |
|
|
Quarterly |
|
|
|
3-Month LIBOR, 2.32% |
|
|
|
Quarterly |
|
|
|
Goldman Sachs International |
|
|
|
03/01/18 |
|
|
|
06/20/18 |
|
|
|
USD |
|
|
|
3,700 |
|
|
|
30,950 |
|
|
|
|
|
|
|
30,950 |
|
iBoxx USD Liquid High Yield Index |
|
|
Quarterly |
|
|
|
3-Month LIBOR, 2.32% |
|
|
|
Quarterly |
|
|
|
Goldman Sachs International |
|
|
|
02/06/18 |
|
|
|
09/20/18 |
|
|
|
USD |
|
|
|
9,800 |
|
|
|
133,645 |
|
|
|
|
|
|
|
133,645 |
|
iBoxx USD Liquid High Yield Index |
|
|
Quarterly |
|
|
|
3-Month LIBOR, 2.32% |
|
|
|
Quarterly |
|
|
|
Morgan Stanley & Co. International PLC |
|
|
|
02/07/18 |
|
|
|
09/20/18 |
|
|
|
USD |
|
|
|
4,000 |
|
|
|
20,531 |
|
|
|
|
|
|
|
20,531 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
149,173 |
|
|
$ |
|
|
|
$ |
149,173 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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 techniques are categorized into a
fair value hierarchy consisting of three broad levels for financial reporting purposes as follows:
|
|
|
Level 1 Unadjusted price quotations in active markets/exchanges for identical assets or liabilities that the Trust 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
marketcorroborated inputs) |
|
|
|
Level 3 Unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available (including the Trusts own assumptions used in determining the
fair value of investments and derivative financial instruments) |
|
|
|
Consolidated Schedule of Investments (unaudited) (continued)
May 31, 2018 |
|
BlackRock Corporate High Yield Fund, Inc. (HYT) |
Fair Value Hierarchy as of Period End (continued)
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 BlackRock Global Valuation Methodologies Committee (the Global Valuation Committee) in determining the price for Fair Valued Investments. Level 3 investments include
equity or debt issued by privately held companies or funds. There may not be a secondary market, and/or there are a limited number of investors. 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 techniques may result in transfers into or out of an assigned level within the hierarchy. In accordance with the Trusts 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 and derivative financial instruments is based on the pricing
transparency of the investments and derivative financial instruments and is not necessarily an indication of the risks associated with investing in those securities. For information about the Trusts policy regarding valuation of investments
and derivative financial instruments, refer to the Trusts most recent financial statements as contained in its semi-annual report.
As of May 31, 2018, the
following tables summarize the Trusts investments and derivative financial instruments categorized in the disclosure hierarchy:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
|
Total |
|
Assets: |
|
Investments: |
|
Long-Term Investments(a) |
|
Asset-Backed Securities |
|
$ |
|
|
|
$ |
59,299,280 |
|
|
$ |
5,486,750 |
|
|
$ |
64,786,030 |
|
Common Stocks |
|
|
30,922,266 |
|
|
|
542,348 |
|
|
|
14,423,743 |
|
|
|
45,888,357 |
|
Corporate Bonds |
|
|
865,983 |
|
|
|
1,696,732,407 |
|
|
|
|
|
|
|
1,697,598,390 |
|
Floating Rate Loan Interests |
|
|
|
|
|
|
209,591,597 |
|
|
|
23,810,044 |
|
|
|
233,401,641 |
|
Investment Companies |
|
|
6,360,498 |
|
|
|
|
|
|
|
|
|
|
|
6,360,498 |
|
Non-Agency Mortgage-Backed Securities |
|
|
|
|
|
|
1,076,556 |
|
|
|
|
|
|
|
1,076,556 |
|
Other Interests |
|
|
|
|
|
|
|
|
|
|
12 |
|
|
|
12 |
|
Preferred Securities |
|
|
8,046,415 |
|
|
|
80,421,312 |
|
|
|
17,059,560 |
|
|
|
105,527,287 |
|
Warrants |
|
|
1,949 |
|
|
|
|
|
|
|
|
(b) |
|
|
1,949 |
|
Options Purchased: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Equity contracts |
|
|
23,683 |
|
|
|
|
|
|
|
|
|
|
|
23,683 |
|
Credit contracts |
|
|
|
|
|
|
98,523 |
|
|
|
|
|
|
|
98,523 |
|
Short-Term Securities |
|
|
2,919,307 |
|
|
|
|
|
|
|
|
|
|
|
2,919,307 |
|
Unfunded Floating Rate Loan Interests(a) |
|
|
|
|
|
|
154 |
|
|
|
|
|
|
|
154 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Subtotal |
|
$ |
49,140,101 |
|
|
$ |
2,047,762,177 |
|
|
$ |
60,780,109 |
|
|
$ |
2,157,682,387 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investments Valued at NAV(c) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
270,930 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total |
|
|
$ |
2,157,953,317 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Derivative Financial Instruments (d) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Credit contracts |
|
$ |
|
|
|
$ |
438,306 |
|
|
$ |
|
|
|
$ |
438,306 |
|
Equity contracts |
|
|
4,202 |
|
|
|
185,126 |
|
|
|
|
|
|
|
189,328 |
|
Forward foreign currency contracts |
|
|
|
|
|
|
4,075,577 |
|
|
|
|
|
|
|
4,075,577 |
|
Interest rate contracts |
|
|
1,186 |
|
|
|
|
|
|
|
|
|
|
|
1,186 |
|
Liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Credit contracts |
|
|
|
|
|
|
(193,825 |
) |
|
|
|
|
|
|
(193,825 |
) |
Equity contracts |
|
|
(417,159 |
) |
|
|
|
|
|
|
|
|
|
|
(417,159 |
) |
Forward foreign currency contracts |
|
|
|
|
|
|
(147,867 |
) |
|
|
|
|
|
|
(147,867 |
) |
Interest rate contracts |
|
|
(29,939 |
) |
|
|
(35,953 |
) |
|
|
|
|
|
|
(65,892 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
(441,710 |
) |
|
$ |
4,321,364 |
|
|
$ |
|
|
|
$ |
3,879,654 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(a) |
Unfunded floating rate loan interests are valued at the unrealized appreciation (depreciation) on the commitment. |
|
|
(b) |
Amount is less than $1 |
|
|
|
|
Consolidated Schedule of Investments (unaudited) (continued) May 31, 2018 |
|
BlackRock Corporate High Yield Fund, Inc. (HYT) |
|
(c) |
As of May 31, 2018, certain of the Funds investments were fair valued using net asset value (NAV) per share as no quoted market value is available and have been excluded from the fair value
hierarchy. |
|
|
(d) |
Derivative financial instruments are swaps, futures contracts, forward foreign currency exchange contracts and options written. Swaps, futures contracts and forward foreign currency exchange contracts are valued at the
unrealized appreciation (depreciation) on the instrument and options written are shown at value. |
|
During the period ended May 31, 2018, there were no transfers between Level 1 and Level 2.
The Trust may hold assets and/or liabilities in which the fair value approximates the carrying amount for financial statement purposes. As of period end, bank borrowings
payable of $689,000,000 are categorized as Level 2 within the disclosure hierarchy.
A reconciliation of Level 3 investments is presented when the Trust had
a significant amount of Level 3 investments at the beginning and/or end of the period in relation to net assets. The following table is a reconciliation of Level 3 investments for which significant unobservable inputs were used in
determining fair value:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Common
Stocks |
|
|
Asset- Backed
Securities |
|
|
Corporate
Bonds |
|
|
Floating
Rate Loan Interests |
|
|
Other
Interests |
|
|
Preferred
Securities |
|
|
Warrants |
|
|
Total |
|
Assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Opening Balance, as of August 31, 2017 |
|
$ |
3,840,544 |
|
|
$ |
2,508,240 |
|
|
$ |
4,761,900 |
|
|
$ |
12,998,092 |
|
|
$ |
13 |
|
|
$ |
19,946,198 |
|
|
$ |
455 |
|
|
$ |
44,055,442 |
|
Transfers into Level 3(a) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
9,895,414 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
9,895,414 |
|
Transfers out of Level 3(b) |
|
|
|
|
|
|
(2,508,240 |
) |
|
|
|
|
|
|
(7,102,831 |
) |
|
|
|
|
|
|
(2,696,614 |
) |
|
|
|
|
|
|
(12,307,685 |
) |
Accrued discounts/premiums |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
34,066 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
34,066 |
|
Net realized gain (loss) |
|
|
|
|
|
|
|
|
|
|
117,268 |
|
|
|
183,055 |
|
|
|
1,276 |
|
|
|
7,341,378 |
|
|
|
|
|
|
|
7,642,977 |
|
Net change in unrealized appreciation
(depreciation)(c) |
|
|
10,583,199 |
|
|
|
(10,125 |
) |
|
|
48,100 |
|
|
|
272,445 |
|
|
|
|
|
|
|
7,536,410 |
|
|
|
(455 |
) |
|
|
18,429,574 |
|
Purchases |
|
|
|
|
|
|
5,496,875 |
|
|
|
|
|
|
|
13,317,039 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
18,813,914 |
|
Sales |
|
|
|
|
|
|
|
|
|
|
(4,927,268 |
) |
|
|
(5,787,236 |
) |
|
|
(1,277 |
) |
|
|
(15,067,812 |
) |
|
|
|
|
|
|
(25,783,593 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Closing Balance, as of May 31, 2018 |
|
$ |
14,423,743 |
|
|
$ |
5,486,750 |
|
|
$ |
|
|
|
$ |
23,810,044 |
|
|
$ |
12 |
|
|
$ |
17,059,560 |
|
|
$ |
|
|
|
$ |
60,780,109 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net change in unrealized appreciation (depreciation) on investments still held at May 31, 2018(c) |
|
$ |
10,583,199 |
|
|
$ |
(10,125 |
) |
|
$ |
|
|
|
$ |
271,922 |
|
|
$ |
|
|
|
$ |
7,536,410 |
|
|
$ |
(455 |
) |
|
$ |
18,380,951 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(a) |
As of August 31, 2017, the Trust used observable inputs in determining the value of certain investments. As of May 31, 2018, the Trust used significant unobservable inputs in determining the value of the same
investments. As a result, investments at beginning of period value were transferred from Level 2 to Level 3 in the disclosure hierarchy. |
|
|
(b) |
As of August 31, 2017, the Trust used significant unobservable inputs in determining the value of certain investments. As of May 31, 2018, the Trust used observable inputs in determining the value of the same
investments. As a result, investments at beginning of period value were transferred from Level 3 to Level 2 in the disclosure hierarchy. |
|
|
(c) |
Any difference between net change in unrealized appreciation (depreciation) and net change in unrealized appreciation (depreciation) on investments still held at May 31, 2018 is generally due to investments no
longer held or categorized as Level 3 at period end. |
|
The Funds investments that are categorized as Level 3 were valued utilizing third party pricing information without
adjustment. Such valuations are based on unobservable inputs. A significant change in third party information could result in a significantly lower or higher value of such Level 3 investments.
Item 2 Controls and Procedures
2(a) |
The registrants principal executive and principal financial officers, or persons performing similar functions, have concluded that the registrants 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 registrants internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act) that occurred during the
registrants last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrants 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 Corporate High Yield Fund, Inc. |
|
|
|
|
|
|
|
|
By: |
|
/s/ John M. Perlowski |
|
|
|
|
|
|
John M. Perlowski |
|
|
|
|
|
|
Chief Executive Officer (principal executive officer) of |
|
|
|
|
|
|
BlackRock Corporate High Yield Fund, Inc. |
|
|
Date: July 19, 2018
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 Corporate High Yield Fund, Inc. |
|
|
Date: July 19, 2018
|
|
|
|
|
|
|
|
|
By: |
|
/s/ Neal J. Andrews |
|
|
|
|
|
|
Neal J. Andrews |
|
|
|
|
|
|
Chief Financial Officer (principal financial officer) of |
|
|
|
|
|
|
BlackRock Corporate High Yield Fund, Inc. |
|
|
Date: July 19, 2018