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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY |
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Investment Company Act file number 811-06570 Name of Fund: BlackRock MuniYield New Jersey Fund, Inc. (MYJ) Fund Address: 100 Bellevue Parkway, Wilmington, DE 19809 Name and address of agent for service: Donald C. Burke, Chief Executive Officer, BlackRock MuniYield New Jersey Fund, Inc., 800 Scudders Mill Road, Plainsboro, NJ, 08536. Mailing address: P.O. Box 9011, Princeton, NJ, 08543-9011 Registrant’s telephone number, including area code: (800) 882-0052, Option 4 Date of fiscal year end: 07/31/2009 Date of reporting period: 08/01/2008 – 10/31/2008 Item 1 – Schedule of Investments |
| BlackRock MuniYield New Jersey Fund, Inc. | ||||||||
| Schedule of Investments October 31, 2008 (Unaudited) | (Percentages shown are based on Net Assets) | |||||||
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| Municipal Bonds | (000) | Value | ||||||
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| New Jersey - 141.0% | Burlington County, New Jersey, Bridge Commission Revenue Bonds | |||||||
| (Governmental Leasing Program), 5.25%, 8/15/12 (a) | $ 1,000 | $ 1,076,620 | ||||||
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| Delaware River Joint Toll Bridge Commission of New Jersey and | ||||||||
| Pennsylvania, Bridge Revenue Refunding Bonds, 5%, 7/01/21 | 2,010 | 1,939,449 | ||||||
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| Delaware River Port Authority of Pennsylvania and New Jersey Revenue | ||||||||
| Bonds, 6%, 1/01/19 (b) | 7,860 | 8,038,736 | ||||||
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| Essex County, New Jersey, Improvement Authority Revenue Bonds, Series | ||||||||
| A, 5%, 10/01/13 (a)(c) | 2,620 | 2,823,024 | ||||||
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| Garden State Preservation Trust of New Jersey, Capital Appreciation | ||||||||
| Revenue Bonds, Series B, 5.12%, 11/01/23 (b)(d) | 6,860 | 2,956,866 | ||||||
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| Garden State Preservation Trust of New Jersey, Capital Appreciation | ||||||||
| Revenue Bonds, Series B, 5.25%, 11/01/28 (b)(d) | 4,540 | 1,413,574 | ||||||
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| Garden State Preservation Trust of New Jersey, Open Space and Farmland | ||||||||
| Preservation Revenue Bonds, Series A, 5.80%, 11/01/22 (b) | 4,300 | 4,488,211 | ||||||
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| Gloucester County, New Jersey, Improvement Authority, Solid Waste | ||||||||
| Resource Recovery, Revenue Refunding Bonds (Waste Management Inc. | ||||||||
| Project), AMT, Series B, 7%, 12/01/29 | 1,180 | 1,186,348 | ||||||
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| Gloucester County, New Jersey, Improvement Authority, Solid Waste | ||||||||
| Resource Recovery, Revenue Refunding Bonds (Waste Management Inc. | ||||||||
| Project), Series A, 6.85%, 12/01/29 | 2,000 | 2,006,640 | ||||||
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| Hudson County, New Jersey, COP, Refunding, 6.25%, 12/01/16 (e) | 1,500 | 1,618,905 | ||||||
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| Hudson County, New Jersey, Improvement Authority, Facility Lease | ||||||||
| Revenue Refunding Bonds (Hudson County Lease Project), | ||||||||
| 5.375%, 10/01/24 (c)(e) | 4,500 | 4,222,710 | ||||||
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| Jackson Township, New Jersey, School District, GO, 5%, 4/15/12 (a)(c) | 6,840 | 7,273,040 | ||||||
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| Middlesex County, New Jersey, Improvement Authority, County- | ||||||||
| Guaranteed Revenue Bonds (Golf Course Projects), 5.25%, 6/01/22 | 1,455 | 1,473,173 | ||||||
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| Middlesex County, New Jersey, Improvement Authority, Senior Revenue | ||||||||
| Bonds (Heldrich Center Hotel/Conference Project), | ||||||||
| Series A, 5%, 1/01/20 | 655 | 500,001 | ||||||
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| Middlesex County, New Jersey, Pollution Control Financing Authority, | ||||||||
| Revenue Refunding Bonds (Amerada Hess Corporation), | ||||||||
| 6.05%, 9/15/34 | 125 | 100,002 | ||||||
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| Portfolio Abbreviations | ||||||||
To simplify the listings of portfolio holdings in the Schedule of Investments, the names and descriptions of many of the securities have been abbreviated according to the list below.
| AMT | Alternative Minimum Tax (subject to) | EDR | Economic Development Revenue Bonds | |||
| CABS | Capital Appreciation Bonds | GO | General Obligation Bonds | |||
| COP | Certificates of Participation | M/F | Multi-Family | |||
| EDA | Economic Development Authority | S/F | Single-Family |
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| BlackRock MuniYield New Jersey Fund, Inc. | ||||||
| Schedule of Investments October 31, 2008 (Unaudited) | (Percentages shown are based on Net Assets) | |||||
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| Municipal Bonds | (000) | Value | ||||
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| Monmouth County, New Jersey, Improvement Authority, Governmental | ||||||
| Loan Revenue Refunding Bonds, 5%, 12/01/11 (a)(f) | $ 2,085 | $ 2,217,460 | ||||
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| Monmouth County, New Jersey, Improvement Authority, Governmental | ||||||
| Loan Revenue Refunding Bonds, 5%, 12/01/15 (f) | 1,215 | 1,252,823 | ||||
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| Monmouth County, New Jersey, Improvement Authority, Governmental | ||||||
| Loan Revenue Refunding Bonds, 5%, 12/01/16 (f) | 1,280 | 1,285,389 | ||||
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| Morristown, New Jersey, Parking Authority Revenue Bonds, | ||||||
| 4.50%, 8/01/37 (e) | 585 | 475,681 | ||||
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| New Jersey EDA, Cigarette Tax Revenue Bonds, 5.625%, 6/15/19 | 1,720 | 1,468,519 | ||||
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| New Jersey EDA, Cigarette Tax Revenue Bonds, 5.75%, 6/15/29 (g) | 2,000 | 1,882,600 | ||||
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| New Jersey EDA, Cigarette Tax Revenue Bonds, 5.75%, 6/15/29 (h) | 1,895 | 1,470,710 | ||||
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| New Jersey EDA, Cigarette Tax Revenue Bonds, 5.50%, 6/15/31 (h) | 370 | 272,720 | ||||
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| New Jersey EDA, Cigarette Tax Revenue Bonds, 5.75%, 6/15/34 (h) | 755 | 563,872 | ||||
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| New Jersey EDA, EDR (Masonic Charity Foundation of New Jersey), 5.25%, | ||||||
| 6/01/24 | 1,425 | 1,276,458 | ||||
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| New Jersey EDA, EDR (Masonic Charity Foundation of New Jersey), 5.25%, | ||||||
| 6/01/32 | 685 | 585,298 | ||||
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| New Jersey EDA, First Mortgage Revenue Bonds (Fellowship Village | ||||||
| Project), Series C, 5.50%, 1/01/28 | 1,500 | 1,107,135 | ||||
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| New Jersey EDA, First Mortgage Revenue Refunding Bonds (Fellowship | ||||||
| Village), Series A, 5.50%, 1/01/18 | 1,250 | 1,080,275 | ||||
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| New Jersey EDA, First Mortgage Revenue Refunding Bonds (Fellowship | ||||||
| Village), Series A, 5.50%, 1/01/25 | 3,500 | 2,664,025 | ||||
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| New Jersey EDA, First Mortgage Revenue Refunding Bonds (The Winchester | ||||||
| Gardens at Ward Homestead Project), Series A, | ||||||
| 5.75%, 11/01/24 | 2,500 | 2,110,650 | ||||
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| New Jersey EDA, First Mortgage Revenue Refunding Bonds (The Winchester | ||||||
| Gardens at Ward Homestead Project), Series A, | ||||||
| 5.80%, 11/01/31 | 2,000 | 1,590,420 | ||||
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| New Jersey EDA, Motor Vehicle Surcharge Revenue Bonds, Series A, 5.25%, | ||||||
| 7/01/33 (e) | 14,000 | 13,117,160 | ||||
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| New Jersey EDA, Revenue Bonds (Department of Human Services), | ||||||
| 5%, 7/01/12 | 220 | 229,634 | ||||
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| New Jersey EDA, Revenue Bonds (Saint Barnabas Project), Series A, | ||||||
| 6.30%, 7/01/24 (d)(e) | 3,850 | 1,479,170 | ||||
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| New Jersey EDA, School Facilities Construction Revenue Bonds, | ||||||
| Series L, 5%, 3/01/30 (b) | 5,800 | 5,458,786 | ||||
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| New Jersey EDA, School Facilities Construction Revenue Bonds, | ||||||
| Series O, 5.25%, 3/01/23 | 2,400 | 2,410,080 | ||||
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| New Jersey EDA, School Facilities Construction Revenue Bonds, | ||||||
| Series P, 5%, 9/01/15 | 3,000 | 3,147,660 | ||||
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2
| BlackRock MuniYield New Jersey Fund, Inc. | ||||||
| Schedule of Investments October 31, 2008 (Unaudited) | (Percentages shown are based on Net Assets) | |||||
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| Par | ||||||
| Municipal Bonds | (000) | Value | ||||
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| New Jersey EDA, School Facilities Construction Revenue Bonds, Series P, | ||||||
| 5.25%, 9/01/16 | $ 3,115 | $ 3,275,796 | ||||
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| New Jersey EDA, School Facilities Construction Revenue Bonds, Series U, | ||||||
| 5%, 9/01/37 (f) | 2,000 | 1,808,040 | ||||
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| New Jersey EDA, Water Facilities Revenue Bonds (New Jersey-American | ||||||
| Water Company, Inc. Project), AMT, Series A, 5.25%, 11/01/32 (f) | 1,000 | 781,600 | ||||
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| New Jersey EDA, Water Facilities Revenue Bonds (New Jersey-American | ||||||
| Water Company, Inc. Project), AMT, Series A, 6.875%, 11/01/34 (c) | 6,670 | 6,730,630 | ||||
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| New Jersey EDA, Water Facilities Revenue Refunding Bonds (United Water | ||||||
| of New Jersey, Inc.), Series B, 4.50%, 11/01/25 (f) | 4,500 | 4,030,065 | ||||
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| New Jersey Health Care Facilities Financing Authority, Health System | ||||||
| Revenue Bonds (Catholic Health East), Series A, 5.375%, 11/15/12 (a) | 1,100 | 1,192,565 | ||||
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| New Jersey Health Care Facilities Financing Authority Revenue Bonds | ||||||
| (Children's Specialized Hospital), Series A, 5.50%, 7/01/36 | 1,540 | 1,175,482 | ||||
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| New Jersey Health Care Facilities Financing Authority Revenue Bonds | ||||||
| (Hunterdon Medical Center), Series A, 5.125%, 7/01/35 | 1,950 | 1,556,256 | ||||
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| New Jersey Health Care Facilities Financing Authority Revenue Bonds | ||||||
| (Meridian Health), Series I, 5%, 7/01/38 (g) | 1,000 | 895,060 | ||||
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| New Jersey Health Care Facilities Financing Authority Revenue Bonds | ||||||
| (Pascack Valley Hospital Association), 6.625%, 7/01/36 (i)(j) | 1,845 | 61,439 | ||||
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| New Jersey Health Care Facilities Financing Authority Revenue Bonds | ||||||
| (Robert Wood University), 5.70%, 7/01/20 (f) | 4,000 | 3,929,560 | ||||
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| New Jersey Health Care Facilities Financing Authority Revenue Bonds | ||||||
| (Somerset Medical Center), 5.50%, 7/01/33 | 1,875 | 1,080,694 | ||||
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| New Jersey Health Care Facilities Financing Authority Revenue Bonds | ||||||
| (South Jersey Hospital System), 6%, 7/01/12 (a) | 6,640 | 7,261,238 | ||||
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| New Jersey Health Care Facilities Financing Authority Revenue Bonds | ||||||
| (Southern Ocean County Hospital), 5.125%, 7/01/31 (h) | 2,000 | 1,487,560 | ||||
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| New Jersey Health Care Facilities Financing Authority, Revenue Refunding | ||||||
| Bonds (Atlantic City Medical Center), 5.75%, 7/01/12 (a) | 1,060 | 1,137,952 | ||||
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| New Jersey Health Care Facilities Financing Authority, Revenue Refunding | ||||||
| Bonds (Atlantic City Medical Center), 6.25%, 7/01/12 (a) | 500 | 545,285 | ||||
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| New Jersey Health Care Facilities Financing Authority, Revenue Refunding | ||||||
| Bonds (Atlantic City Medical Center), 6.25%, 7/01/17 | 520 | 529,121 | ||||
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| New Jersey Health Care Facilities Financing Authority, Revenue Refunding | ||||||
| Bonds (Atlantic City Medical Center), 5.75%, 7/01/25 | 1,125 | 1,044,090 | ||||
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| New Jersey Health Care Facilities Financing Authority, Revenue Refunding | ||||||
| Bonds (Capital Health System, Inc.), Series A, 5.75%, 7/01/23 | 1,650 | 1,477,196 | ||||
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| New Jersey Health Care Facilities Financing Authority, Revenue Refunding | ||||||
| Bonds (Meridian Health System Obligation Group), | ||||||
| 5.25%, 7/01/19 (b) | 1,500 | 1,445,895 | ||||
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| New Jersey Health Care Facilities Financing Authority, Revenue Refunding | ||||||
| Bonds (Meridian Health System Obligation Group), | ||||||
| 5.375%, 7/01/24 (b) | 2,250 | 2,186,055 | ||||
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3
| BlackRock MuniYield New Jersey Fund, Inc. | ||||||
| Schedule of Investments October 31, 2008 (Unaudited) | (Percentages shown are based on Net Assets) | |||||
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| Municipal Bonds | (000) | Value | ||||
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| New Jersey Health Care Facilities Financing Authority, Revenue Refunding | ||||||
| Bonds (Meridian Health System Obligation Group), | ||||||
| 5.25%, 7/01/29 (b) | $ 2,195 | $ 1,706,788 | ||||
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| New Jersey Health Care Facilities Financing Authority, Revenue Refunding | ||||||
| Bonds (Saint Barnabas Health Care System), Series A, | ||||||
| 5%, 7/01/29 | 4,155 | 3,040,795 | ||||
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| New Jersey Health Care Facilities Financing Authority, Revenue Refunding | ||||||
| Bonds (Saint Barnabas Health Care System), Series B, | ||||||
| 5.92%, 7/01/30 (d) | 2,000 | 332,720 | ||||
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| New Jersey Health Care Facilities Financing Authority, Revenue Refunding | ||||||
| Bonds (Saint Barnabas Health Care System), Series B, | ||||||
| 5.72%, 7/01/36 (d) | 1,500 | 149,445 | ||||
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| New Jersey Health Care Facilities Financing Authority, Revenue Refunding | ||||||
| Bonds (Saint Barnabas Health Care System), Series B, | ||||||
| 5.18%, 7/01/37 (d) | 13,250 | 1,198,330 | ||||
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| New Jersey Health Care Facilities Financing Authority, Revenue Refunding | ||||||
| Bonds (South Jersey Hospital System), 5%, 7/01/36 | 1,385 | 1,081,588 | ||||
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| New Jersey Health Care Facilities Financing Authority, Revenue Refunding | ||||||
| Bonds (South Jersey Hospital System), 5%, 7/01/46 | 1,650 | 1,229,762 | ||||
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| New Jersey State Educational Facilities Authority Revenue Bonds | ||||||
| (Georgian Court College Project), Series C, 6.50%, 7/01/13 (a) | 2,000 | 2,278,300 | ||||
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| New Jersey State Educational Facilities Authority Revenue Bonds (Rider | ||||||
| University), Series C, 5%, 7/01/37 (h) | 1,750 | 1,352,925 | ||||
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| New Jersey State Educational Facilities Authority Revenue Bonds (Rowan | ||||||
| University), Series C, 5%, 7/01/14 (a)(e) | 1,955 | 2,101,332 | ||||
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| New Jersey State Educational Facilities Authority Revenue Bonds (Rowan | ||||||
| University), Series C, 5.125%, 7/01/14 (a)(e) | 2,165 | 2,340,841 | ||||
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| New Jersey State Educational Facilities Authority, Revenue Refunding | ||||||
| Bonds (College of New Jersey), Series D, 5%, 7/01/35 (b) | 6,115 | 5,562,449 | ||||
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| New Jersey State Educational Facilities Authority, Revenue Refunding | ||||||
| Bonds (Gregorian Court University), Series D, 5.25%, 7/01/37 | 1,000 | 808,680 | ||||
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| New Jersey State Educational Facilities Authority, Revenue Refunding | ||||||
| Bonds (Montclair State University), Series L, 5%, 7/01/14 (a)(e) | 5,305 | 5,702,079 | ||||
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| New Jersey State Educational Facilities Authority, Revenue Refunding | ||||||
| Bonds (Ramapo College), Series I, 4.25%, 7/01/31 (f) | 750 | 562,050 | ||||
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| New Jersey State Educational Facilities Authority, Revenue Refunding | ||||||
| Bonds (Ramapo College), Series I, 4.25%, 7/01/36 (f) | 810 | 581,450 | ||||
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| New Jersey State Educational Facilities Authority, Revenue Refunding | ||||||
| Bonds (Rider University), 5%, 7/01/17 (h) | 1,000 | 947,980 | ||||
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| New Jersey State Educational Facilities Authority, Revenue Refunding | ||||||
| Bonds (Rider University), Series A, 5.50%, 7/01/23 (h) | 1,255 | 1,151,801 | ||||
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| New Jersey State Educational Facilities Authority, Revenue Refunding | ||||||
| Bonds (Rider University), Series A, 5.25%, 7/01/34 (h) | 1,450 | 1,186,274 | ||||
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4
| BlackRock MuniYield New Jersey Fund, Inc. | ||||||
| Schedule of Investments October 31, 2008 (Unaudited) | (Percentages shown are based on Net Assets) | |||||
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| Municipal Bonds | (000) | Value | ||||
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| New Jersey State Educational Facilities Authority, Revenue Refunding | ||||||
| Bonds (Rowan University), Series B, 5%, 7/01/24 (g) | $ 1,800 | $ 1,784,448 | ||||
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| New Jersey State Educational Facilities Authority, Revenue Refunding | ||||||
| Bonds (Stevens Institute of Technology), Series A, 5%, 7/01/27 | 2,200 | 1,722,204 | ||||
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| New Jersey State Higher Education Assistance Authority, Student Loan | ||||||
| Revenue Bonds, AMT, Series A, 5.30%, 6/01/17 (f) | 3,170 | 3,061,142 | ||||
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| New Jersey State Housing and Mortgage Finance Agency, Home Buyer | ||||||
| Revenue Bonds, AMT, Series CC, 5.80%, 10/01/20 (e) | 4,515 | 4,485,878 | ||||
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| New Jersey State Housing and Mortgage Finance Agency, Home Buyer | ||||||
| Revenue Bonds, AMT, Series U, 5.60%, 10/01/12 (e) | 2,515 | 2,523,652 | ||||
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| New Jersey State Housing and Mortgage Finance Agency, M/F Revenue | ||||||
| Bonds, AMT, Series A, 4.90%, 11/01/35 (c) | 1,500 | 1,064,895 | ||||
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| New Jersey State Housing and Mortgage Finance Agency Revenue Bonds, | ||||||
| Series AA, 6.50%, 10/01/38 | 2,160 | 2,180,261 | ||||
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| New Jersey State Housing and Mortgage Finance Agency, S/F Housing | ||||||
| Revenue Bonds, AMT, Series U, 4.95%, 10/01/32 | 700 | 524,706 | ||||
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| New Jersey State Housing and Mortgage Finance Agency, S/F Housing | ||||||
| Revenue Bonds, AMT, Series X, 4.85%, 4/01/16 | 3,605 | 3,531,999 | ||||
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| New Jersey State Housing and Mortgage Finance Agency, S/F Housing | ||||||
| Revenue Refunding Bonds, AMT, Series T, 4.65%, 10/01/32 | 4,945 | 3,481,329 | ||||
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| New Jersey State Transit Corporation, COP (Federal Transit Administration | ||||||
| Grants), Series B, 5.75%, 9/15/14 | 3,620 | 3,730,700 | ||||
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| New Jersey State Transportation Trust Fund Authority, Transportation | ||||||
| System Revenue Bonds, Series A, 5.50%, 12/15/21 | 3,525 | 3,604,559 | ||||
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| New Jersey State Transportation Trust Fund Authority, Transportation | ||||||
| System Revenue Bonds, Series C, 5.05%, 12/15/35 (d)(f) | 4,140 | 787,801 | ||||
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| New Jersey State Transportation Trust Fund Authority, Transportation | ||||||
| System Revenue Bonds, Series D, 5%, 6/15/20 | 4,555 | 4,478,339 | ||||
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| New Jersey State Transportation Trust Fund Authority, Transportation | ||||||
| System Revenue Refunding Bonds, Series B, 5.50%, 12/15/21 (e) | 5,865 | 5,980,658 | ||||
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| New Jersey State Turnpike Authority, Turnpike Revenue Bonds, Series B, | ||||||
| 5.15%, 1/01/35 (d)(f) | 4,870 | 2,969,239 | ||||
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| Newark, New Jersey, Housing Authority, Port Authority-Port Newark | ||||||
| Marine Terminal, Additional Rent-Backed Revenue Refunding Bonds (City | ||||||
| of Newark Redevelopment Projects), 4.375%, 1/01/37 (e) | 3,225 | 2,581,677 | ||||
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| Perth Amboy, New Jersey, GO (Convertible CABS), Refunding, | ||||||
| 4.739%, 7/01/33 (b)(k) | 1,575 | 1,110,722 | ||||
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| Perth Amboy, New Jersey, GO (Convertible CABS), Refunding, | ||||||
| 4.744%, 7/01/34 (b)(k) | 1,925 | 1,346,595 | ||||
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| Port Authority of New York and New Jersey, Consolidated Revenue Bonds, | ||||||
| 93rd Series, 6.125%, 6/01/94 | 5,000 | 5,196,200 | ||||
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5
| BlackRock MuniYield New Jersey Fund, Inc. | ||||||||
| Schedule of Investments October 31, 2008 (Unaudited) | (Percentages shown are based on Net Assets) | |||||||
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| Par | ||||||||
| Municipal Bonds | (000) | Value | ||||||
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| Port Authority of New York and New Jersey, Consolidated Revenue | ||||||||
| Refunding Bonds, AMT, 152nd Series, 5.25%, 11/01/35 | $ 3,765 | $ 3,281,348 | ||||||
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| Rahway Valley Sewerage Authority, New Jersey, Sewer Revenue Bonds, | ||||||||
| CABS, Series A, 4.87%, 9/01/31 (d)(e) | 6,000 | 1,414,080 | ||||||
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| Salem County, New Jersey, Improvement Authority Revenue Bonds (Finlaw | ||||||||
| State Office Building Project), 5.375%, 8/15/28 (b) | 500 | 503,265 | ||||||
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|
|
| |||||
| Salem County, New Jersey, Improvement Authority Revenue Bonds (Finlaw | ||||||||
| State Office Building Project), 5.25%, 8/15/38 (b) | 500 | 478,220 | ||||||
|
|
|
|
| |||||
| South Jersey Port Corporation of New Jersey, Revenue Refunding Bonds, | ||||||||
| 4.75%, 1/01/18 | 4,280 | 4,201,804 | ||||||
|
|
|
|
| |||||
| South Jersey Port Corporation of New Jersey, Revenue Refunding Bonds, | ||||||||
| 4.85%, 1/01/19 | 2,485 | 2,418,725 | ||||||
|
|
|
|
| |||||
| South Jersey Port Corporation of New Jersey, Revenue Refunding Bonds, | ||||||||
| 5%, 1/01/20 | 2,000 | 1,946,480 | ||||||
|
|
|
|
| |||||
| Tobacco Settlement Financing Corporation of New Jersey, Asset-Backed | ||||||||
| Revenue Bonds, 7%, 6/01/13 (a) | 3,010 | 3,470,319 | ||||||
|
|
|
|
| |||||
| Tobacco Settlement Financing Corporation of New Jersey, Asset-Backed | ||||||||
| Revenue Bonds, 5.75%, 6/01/32 | 1,820 | 1,939,192 | ||||||
|
|
|
|
| |||||
| Tobacco Settlement Financing Corporation of New Jersey, Asset-Backed | ||||||||
| Revenue Refunding Bonds, Series 1A, 5%, 6/01/41 | 2,500 | 1,343,775 | ||||||
|
|
|
|
| |||||
| Tobacco Settlement Financing Corporation of New Jersey, Asset-Backed | ||||||||
| Revenue Refunding Bonds, Series 1B, 5.65%, 6/01/41 (d) | 5,100 | 214,863 | ||||||
|
|
|
| ||||||
| Union County, New Jersey, Utilities Authority, Senior Lease Revenue | ||||||||
| Refunding Bonds (Ogden Martin System of Union, Inc.), AMT, Series A, | ||||||||
| 5.375%, 6/01/17 (f) | 1,585 | 1,484,543 | ||||||
|
|
|
|
| |||||
| Union County, New Jersey, Utilities Authority, Senior Lease Revenue | ||||||||
| Refunding Bonds (Ogden Martin System of Union, Inc.), AMT, Series A, | ||||||||
| 5.375%, 6/01/18 (f) | 1,175 | 1,083,068 | ||||||
|
|
|
|
| |||||
| University of Medicine and Dentistry of New Jersey, Revenue Bonds, Series | ||||||||
| A, 5.50%, 12/01/18 (f) | 945 | 940,407 | ||||||
|
|
|
|
| |||||
| University of Medicine and Dentistry of New Jersey, Revenue Bonds, Series | ||||||||
| A, 5.50%, 12/01/19 (f) | 1,900 | 1,865,325 | ||||||
|
|
|
|
| |||||
| University of Medicine and Dentistry of New Jersey, Revenue Bonds, Series | ||||||||
| A, 5.50%, 12/01/20 (f) | 1,870 | 1,808,253 | ||||||
|
|
|
|
| |||||
| University of Medicine and Dentistry of New Jersey, Revenue Bonds, Series | ||||||||
| A, 5.50%, 12/01/21 (f) | 1,435 | 1,373,395 | ||||||
|
| ||||||||
| 251,125,058 | ||||||||
|
|
|
|
|
| ||||
| Puerto Rico - 7.5% | Puerto Rico Commonwealth Highway and Transportation Authority, | |||||||
| Highway Revenue Refunding Bonds, Series CC, 5.50%, 7/01/31 (g) | 3,000 | 2,808,150 | ||||||
|
|
|
| ||||||
| Puerto Rico Electric Power Authority, Power Revenue Bonds, Series WW, | ||||||||
| 5.50%, 7/01/38 | 2,525 | 2,176,878 | ||||||
|
|
|
|
| |||||
6
| BlackRock MuniYield New Jersey Fund, Inc. | ||||||||
| Schedule of Investments October 31, 2008 (Unaudited) | (Percentages shown are based on Net Assets) | |||||||
|
|
| |||||||
| Par | ||||||||
| Municipal Bonds | (000) | Value | ||||||
|
|
|
|
|
| ||||
| Puerto Rico Housing Financing Authority, Capital Funding Program, | ||||||||
| Subordinate Revenue Refunding Bonds, 5.125%, 12/01/27 | $ 1,100 | $ 1,028,280 | ||||||
|
|
|
| ||||||
| Puerto Rico Industrial, Tourist, Educational, Medical and Environmental | ||||||||
| Control Facilities Revenue Bonds (Cogeneration Facility-AES Puerto Rico | ||||||||
| Project), AMT, 6.625%, 6/01/26 | 1,900 | 1,693,299 | ||||||
|
|
|
|
| |||||
| Puerto Rico Industrial, Tourist, Educational, Medical and Environmental | ||||||||
| Control Facilities Revenue Bonds (University Plaza Project), Series A, 5%, | ||||||||
| 7/01/33 (e) | 2,500 | 2,018,450 | ||||||
|
|
|
|
| |||||
| Puerto Rico Municipal Finance Agency, GO, Series A, 5%, 8/01/21 (b) | 3,750 | 3,562,313 | ||||||
|
| ||||||||
| 13,287,370 | ||||||||
|
|
|
|
|
| ||||
| U.S. Virgin | Virgin Islands Government Refinery Facilities, Revenue Refunding Bonds | |||||||
| Islands - 2.4% | (Hovensa Coker Project), AMT, 6.50%, 7/01/21 | 3,500 | 2,901,290 | |||||
|
|
|
|
| |||||
| Virgin Islands Public Finance Authority, Refinery Facilities Revenue Bonds | ||||||||
| (Hovensa Refinery), AMT, 5.875%, 7/01/22 | 1,900 | 1,459,105 | ||||||
|
| ||||||||
| 4,360,395 | ||||||||
|
|
|
|
|
| ||||
| Total Municipal Bonds - 150.9% | 268,772,823 | |||||||
|
|
|
|
|
| ||||
| Municipal Bonds Transferred to Tender Option Bond Trusts (l) | ||||||||
|
|
|
|
| |||||
| New Jersey - 8.5% | Garden State Preservation Trust of New Jersey, Open Space and Farmland | |||||||
| Preservation Revenue Bonds, Series A, 5.75%, 11/01/28 (b) | 5,460 | 5,923,281 | ||||||
|
|
|
| ||||||
| New Jersey State Housing and Mortgage Finance Agency, Capital Fund | ||||||||
| Program Revenue Bonds, Series A, 4.70%, 11/01/25 (b) | 7,175 | 6,153,748 | ||||||
|
|
|
| ||||||
| Port Authority of New York and New Jersey, Consolidated Revenue | ||||||||
| Refunding Bonds, AMT, 152nd Series, 5.75%, 11/01/30 | 3,300 | 3,145,791 | ||||||
|
|
|
|
| |||||
| Total Municipal Bonds Transferred to Tender Option | ||||||||
| Bond Trusts - 8.5% | 15,222,820 | |||||||
|
|
|
|
|
| ||||
| Total Long-Term Investments (Cost - $309,618,685) - 159.4% | 283,995,643 | |||||||
|
|
|
|
| |||||
| Short-Term Securities | Shares | |||||||
| CMA New Jersey Municipal Money Fund, 1.61% (m)(n) | 6,844,338 | 6,844,338 | ||||||
|
|
|
|
|
| ||||
| Total Short-Term Securities (Cost - $6,844,338) - 3.8% | 6,844,338 | |||||||
| Total Investments (Cost - $316,463,023*) - 163.2% | 290,839,981 | |||||||
| Other Assets Less Liabilities - 1.2% | 2,112,491 | |||||||
| Liability for Trust Certificates, Including Interest Expense | ||||||||
| and Fees Payable - (5.6)% | (10,017,921) | |||||||
| Preferred Shares, at Redemption Value - (58.8)% | (104,769,015) | |||||||
| Net Assets Applicable to Common Shares - 100.0% | $ 178,165,536 | |||||||
| * | The cost and unrealized appreciation (depreciation) of investments as of October 31, 2008, as computed for federal income tax purposes, were as follows: |
| Aggregate cost | $ 306,628,378 | |
| Gross unrealized appreciation | $ 4,031,313 | |
| Gross unrealized depreciation | (29,664,710) | |
| Net unrealized depreciation | $ (25,633,397) | |
|
|
7
BlackRock MuniYield New Jersey Fund, Inc.
Schedule of Investments October 31, 2008 (Unaudited)
| (a) | U.S. government securities, held in escrow, are used to pay interest on this security as well as to retire the bond in full at the date indicated, typically at a premium to par. |
| (b) | FSA Insured. |
| (c) | FGIC Insured. |
| (d) | Represents a zero coupon bond. Rate shown reflects the effective yield at the time of purchase. |
| (e) | MBIA Insured. |
| (f) | AMBAC Insured. |
| (g) | Assured Guaranty Insured. |
| (h) | Radian Insured. |
| (i) | Non-income producing security. |
| (j) | Issuer filed for bankruptcy or is in default of interest payments. |
| (k) | Represents a step bond. Rate shown reflects the effective yield at the time of purchase. |
| (l) | Securities represent bonds transferred to a tender option bond trust in exchange for which the Fund acquired residual interest certificates. These securities serve as collateral in a financing transaction. |
| (m) | Investments in companies considered to be an affiliate of the Fund, for purposes of Section 2(a)(3) of the Investment Company Act of 1940, were as follows: |
| Affiliate | Net Activity | Income | ||
|
|
|
|
||
| CMA New Jersey Municipal Money Fund | 4,431,800 | $29,096 | ||
|
|
|
|
| (n) | Represents the current yield as of report date. | ||
| Effective December 1, 2007, the Fund adopted Financial Accounting Standards Board Statement of Financial Accounting Standards No. 157, "Fair Value Measurements" ("FAS 157"). FAS 157 clarifies the definition of fair value, establishes a framework for measuring fair values and requires additional disclosures about the use of fair value measurements. Various inputs are used in determining the fair value of investments, which are as follows: | |||
| Level 1 - price quotations in active markets/exchanges for identical securities | |||
| Level 2 - other observable inputs (including, but not limited to: quoted prices for similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the assets or liabilities (such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, and default rates) or other market-corroborated inputs) | |||
| Level 3 - unobservable inputs based on the best information available in the circumstance, to the extent observable inputs are not available (including the Fund's own assumption used in determining the fair value of investments) | |||
| The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For information about the Fund's policy regarding valuation of investments and other significant accounting policies, please refer to the Fund's most recent financial statements as contained in its annual report. | |||
| The following table summarizes the inputs used as of October 31, 2008 in determining the fair valuation of the Fund's investments: | |||
| Valuation | Investments in | |
| Inputs | Securities | |
|
|
|
|
| Level 1 | $ 6,844,338 | |
| Level 2 | 283,995,643 | |
| Level 3 | - | |
|
|
|
|
| Total | $ 290,839,981 | |
|
|
8
|
Item 2 – Controls and Procedures 2(a) – The registrant’s principal executive and principal financial officers or persons performing similar functions have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the “1940 Act”)) are effective as of a date within 90 days of the filing of this report based on the evaluation of these controls and procedures required by Rule 30a-3(b) under the 1940 Act and Rule 13a-15(b) under the Securities Exchange Act of 1934, as amended. 2(b) – There were no changes in the registrant’s internal control over financial reporting (as defined in Rule 30a- 3(d) under the 1940 Act) that occurred during the registrant’s last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrant’s internal control over financial reporting. Item 3 – Exhibits Certifications – Attached hereto Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. BlackRock MuniYield New Jersey Fund, Inc. By: /s/ Donald C. Burke Donald C. Burke Chief Executive Officer of BlackRock MuniYield New Jersey Fund, Inc. Date: December 19, 2008 Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated. By: /s/ Donald C. Burke Donald C. Burke Chief Executive Officer (principal executive officer) of BlackRock MuniYield New Jersey Fund, Inc. Date: December 19, 2008 By: /s/ Neal J. Andrews Neal J. Andrews Chief Financial Officer (principal financial officer) of BlackRock MuniYield New Jersey Fund, Inc. Date: December 19, 2008 |