Consolidated Schedule of Investments (unaudited)

September 30, 2023

  

BlackRock Corporate High Yield Fund, Inc. (HYT)

(Percentages shown are based on Net Assets)

 

Security         

Par

(000)

    Value  

Asset-Backed Securities

 

Ares XXXIIR CLO Ltd., Series 2014-32RA, Class B, (3-mo. CME Term SOFR + 2.06%), 7.43%, 05/15/30(a)(b)

    USD       500     $          490,186  

BlueMountain Fuji Eur CLO IV DAC, Series 4X, Class ER, (3-mo. EURIBOR + 6.21%), 10.04%, 02/25/34(a)(c)

    EUR       100       97,239  

Contego CLO VII DAC, (3-mo. EURIBOR + 3.95%), 7.65%, 05/14/32

      100       100,825  

Contego CLO VIII DAC, Series 8X, Class ER, (3-mo. EURIBOR + 6.06%), 9.78%, 01/25/34(a)(c)

      100       93,340  

CVC Cordatus Loan Fund XXII DAC, Series 22X, Class D, (3-mo. EURIBOR + 3.15%), 7.00%, 12/15/34(a)(c)

      100       97,778  

Galaxy XXVIII CLO Ltd., Series 2018-28A, Class C, (3-mo. CME Term SOFR + 2.21%), 7.52%, 07/15/31(a)(b)

    USD       250       243,901  

Greene King Finance PLC(a)

     

Series B1, (3-mo. LIBOR GBP + 1.92%), 7.14%, 12/15/34

    GBP       100       95,172  

Series B2, (3-mo. LIBOR GBP + 2.20%), 6.63%, 03/15/36(c)

      100       95,179  

Margay CLO I DAC, Series 1X, Class D, (3-mo. EURIBOR + 6.40%), 10.25%, 07/15/36(a)(c)

    EUR       100       105,325  

Neuberger Berman Loan Advisers Euro CLO 2 DAC, Series 2021-2X, Class E, (3-mo. EURIBOR + 6.06%), 9.72%, 04/15/34(a)(c)

      100       96,501  

Palmer Square European CLO DAC, Series 2023-1X, Class D, (3-mo. EURIBOR + 6.20%), 10.05%, 07/15/36(a)(c)

      100       105,951  

Rockfield Park CLO DAC

     

Series 1X, Class C, (3-mo. EURIBOR + 3.00%), 6.66%, 07/16/34

      100       97,439  

Series 1X, Class D, (3-mo. EURIBOR + 5.95%), 9.61%, 07/16/34(a)(c)

      100       97,489  

Unique Pub Finance Co. PLC, Series N, 6.46%, 03/30/32(c)

    GBP       89       104,204  
     

 

 

 

Total Asset-Backed Securities — 0.1%
(Cost: $2,093,318)

        1,920,529  
     

 

 

 
            Shares         

Common Stocks

 

Capital Markets — 0.0%  

Ardagh MP USA, Inc., (Acquired 08/02/21, Cost: $1,599,353)(d)

      162,646       509,082  
     

 

 

 
Chemicals — 0.1%                  

Element Solutions, Inc.(e)

      37,305       731,551  
     

 

 

 
Electrical Equipment — 0.0%                  

SunPower Corp.(f)

      1,025       6,324  
     

 

 

 
Energy Equipment & Services — 0.0%                  

Nine Energy Service, Inc.(f)

      2,390       9,847  
     

 

 

 
Financial Services — 0.0%                  

Block, Inc., Class A(f)

      4,614       204,216  
     

 

 

 
Security         

    

Shares

    Value  
Ground Transportation — 0.1%              

Uber Technologies, Inc.(f)

      14,860     $          683,411  
     

 

 

 
Hotels, Restaurants & Leisure — 0.1%        

Aramark

      16,824       583,844  

Carnival Corp.(f)

      54,231       744,049  
     

 

 

 
        1,327,893  
IT Services — 0.0%                  

Twilio, Inc., Class A(f)

      2,522       147,613  
     

 

 

 
Metals & Mining — 0.2%                  

Constellium SE, Class A(f)

      138,993       2,529,673  
     

 

 

 
Oil, Gas & Consumable Fuels — 0.0%        

Kcad Holdings I Ltd.(g)

      2,223,465,984       22,235  
     

 

 

 
Pharmaceuticals — 0.1%                  

Catalent, Inc.(f)

      28,829       1,312,584  
     

 

 

 
Real Estate Management & Development — 0.0%  

ADLER Group SA(b)(f)

      8,254       4,241  

ADLER Group SA

      3,728       1,882  
     

 

 

 
        6,123  
Semiconductors & Semiconductor Equipment — 0.0%  

Maxeon Solar Technologies Ltd.(f)

      128       1,483  
     

 

 

 
Software — 0.1%                  

Informatica, Inc., Class A(f)

      62,173       1,309,985  
     

 

 

 

Total Common Stocks — 0.7%
(Cost: $33,874,007)

        8,802,020  
     

 

 

 
            Par
(000)
        

Corporate Bonds

     
Aerospace & Defense — 6.5%                  

Bombardier, Inc.(b)
7.50%, 03/15/25

    USD       166       165,319  

7.13%, 06/15/26

      6,036       5,848,036  

7.88%, 04/15/27

      4,116       4,016,174  

6.00%, 02/15/28

      3,089       2,802,329  

7.50%, 02/01/29

      4,951       4,698,333  

7.45%, 05/01/34

      434       491,653  

Embraer Netherlands Finance BV,
7.00%, 07/28/30(b)

      2,041       2,018,702  

F-Brasile SpA/F-Brasile U.S. LLC, Series XR, 7.38%, 08/15/26(b)

      3,495       3,248,566  

Rolls-Royce PLC(b)
3.63%, 10/14/25

      4,941       4,619,835  

5.75%, 10/15/27

      1,584       1,528,336  

Spirit AeroSystems, Inc.(b)
7.50%, 04/15/25

      126       123,591  

9.38%, 11/30/29

      3,152       3,207,585  

TransDigm, Inc.
6.25%, 03/15/26(b)

      32,149       31,588,986  

7.50%, 03/15/27

      2,638       2,642,796  

6.75%, 08/15/28(b)

      12,877       12,677,259  

6.88%, 12/15/30

      1,017       997,213  

Triumph Group, Inc., 9.00%, 03/15/28(b)

      4,764       4,710,673  
     

 

 

 
        85,385,386  
 

 

 

1  


Consolidated Schedule of Investments (unaudited) (continued)

September 30, 2023

  

BlackRock Corporate High Yield Fund, Inc. (HYT)

(Percentages shown are based on Net Assets)

 

Security          Par
(000)
    Value  
Air Freight & Logistics — 0.0%                  

XPO Escrow Sub LLC, 7.50%, 11/15/27(b)

    USD       412     $          416,548  
Automobile Components — 2.7%                  

Adient Global Holdings Ltd., 3.50%, 08/15/24(c)

    EUR       15       15,499  

Clarios Global LP, 6.75%, 05/15/25(b)

    USD       1,456       1,445,039  

Clarios Global LP/Clarios U.S. Finance Co.
4.38%, 05/15/26(c)

    EUR       1,576       1,599,390  

6.25%, 05/15/26(b)

    USD       6,305       6,169,088  

8.50%, 05/15/27(b)

        14,182       14,141,317  

6.75%, 05/15/28(b)

      7,569       7,389,236  

Dana Financing Luxembourg SARL, 8.50%, 07/15/31(c)

    EUR       200       213,876  

Dealer Tire LLC/DT Issuer LLC, Series B, 8.00%, 02/01/28(b)

    USD       1,030       965,625  

Forvia SE, 2.75%, 02/15/27(c)

    EUR       167       158,905  

Goodyear Tire & Rubber Co.
9.50%, 05/31/25

    USD       1,085       1,101,287  

5.00%, 07/15/29

      520       447,887  

5.63%, 04/30/33

      311       254,526  

IHO Verwaltungs GmbH, (8.75% Cash or 9.50% PIK), 8.75%, 05/15/28(c)(h)

    EUR       116       126,460  

Titan International, Inc., 7.00%, 04/30/28

    USD       348       325,244  

ZF Europe Finance BV, 6.13%, 03/13/29(c)

    EUR       100       105,619  

ZF Finance GmbH(c)
5.75%, 08/03/26

      200       210,856  

2.00%, 05/06/27

      200       185,019  

2.75%, 05/25/27

      100       94,227  
     

 

 

 
        34,949,100  
Automobiles — 2.9%                  

Arko Corp., 5.13%, 11/15/29(b)

    USD       981       791,216  

Asbury Automotive Group, Inc.
4.50%, 03/01/28

      90       80,569  

5.00%, 02/15/32(b)

      1,694       1,403,544  

Ford Motor Co.
3.25%, 02/12/32

      2,054       1,582,943  

6.10%, 08/19/32

      5,193       4,891,353  

Ford Motor Credit Co. LLC
3.81%, 01/09/24

      713       705,237  

4.54%, 03/06/25

    GBP       200       234,269  

5.13%, 06/16/25

    USD       263       254,590  

4.13%, 08/04/25

      2,166       2,053,549  

4.39%, 01/08/26

      507       478,522  

6.86%, 06/05/26

    GBP       108       129,834  

6.95%, 06/10/26

    USD       400       399,510  

4.95%, 05/28/27

      640       600,738  

7.35%, 11/04/27

      600       611,800  

6.80%, 05/12/28

      7,889       7,879,875  

5.11%, 05/03/29

      200       183,066  

7.35%, 03/06/30

      5,145       5,210,228  

7.20%, 06/10/30

      4,592       4,614,960  

3.63%, 06/17/31

      200       161,610  

Ken Garff Automotive LLC, 4.88%, 09/15/28(b)

      680       580,714  

LCM Investments Holdings II LLC(b)
4.88%, 05/01/29

      1,552       1,319,519  

8.25%, 08/01/31

      1,353       1,314,333  

Lithia Motors, Inc., 3.88%, 06/01/29(b)

      721       607,659  

MajorDrive Holdings IV LLC, 6.38%, 06/01/29(b)

      975       802,399  
Security          Par
(000)
    Value  
Automobiles (continued)  

RCI Banque SA, (5-year EUR Swap + 2.85%), 2.63%, 02/18/30(a)(c)

    EUR       600     $          594,678  

Wabash National Corp., 4.50%, 10/15/28(b)

    USD       1,072       903,011  
     

 

 

 
        38,389,726  
Banks — 0.6%                  

Banco BPM SpA

     

(3-mo. EURIBOR + 2.80%), 6.00%, 06/14/28

    EUR       175       184,339  

(5-year EUR Swap + 4.67%), 4.25%, 10/01/29(a)(c)

      250       258,713  

Banco de Credito Social Cooperativo SA, (1-year EURIBOR ICE Swap + 4.27%), 7.50%, 09/14/29

      200       208,544  

Banco de Sabadell SA(a)(c)

     

(1-year EUR Swap + 2.40%), 5.25%, 02/07/29

      100       103,643  

(5-year EUR Swap + 2.95%), 2.50%, 04/15/31

      100       93,688  

(5-year EUR Swap + 3.15%), 6.00%, 08/16/33

      100       98,790  

Banco Espirito Santo SA(f)(i)
4.75%, 01/15/18(a)

      1,900       522,282  

4.00%, 01/21/19

      1,100       302,374  

Bank of Ireland Group PLC, (5-year EUR Swap + 7.92%), 7.50%(a)(c)(j)

      200       207,327  

Commerzbank AG, (5-year EUR Swap + 6.36%), 6.13%(a)(c)(j)

      400       380,081  

First-Citizens Bank & Trust Co., 6.00%, 04/01/36

    USD       3,261       2,827,449  

Freedom Mortgage Corp., 12.00%, 10/01/28(b)

      541       550,116  

Intesa Sanpaolo SpA
5.71%, 01/15/26(b)

      400       381,921  

5.15%, 06/10/30(c)

    GBP       125       127,575  

(1-year CMT + 2.60%), 4.20%, 06/01/32(a)(b)

    USD       855       630,004  

(1-year CMT + 2.75%), 4.95%, 06/01/42(a)(b)

      630       390,648  

Macquarie Bank Ltd., 6.80%, 01/18/33(b)

      623       611,232  
     

 

 

 
        7,878,726  
Beverages — 3.5%                  

ARD Finance SA, (6.50% Cash or 7.25% PIK), 6.50%, 06/30/27(b)(h)

      4,079       3,077,582  

Ardagh Metal Packaging Finance USA LLC/Ardagh Metal Packaging Finance PLC
6.00%, 06/15/27(b)

      2,141       2,057,431  

3.25%, 09/01/28(b)

      1,708       1,424,116  

3.00%, 09/01/29(c)

    EUR       564       451,737  

4.00%, 09/01/29(b)

    USD         10,956       8,573,849  

Ardagh Packaging Finance PLC/Ardagh Holdings USA, Inc.
5.25%, 04/30/25(b)

      892       869,478  

2.13%, 08/15/26(c)

    EUR       1,239       1,160,992  

4.13%, 08/15/26(b)

    USD       1,200       1,096,820  

4.75%, 07/15/27(c)

    GBP       100       96,209  

5.25%, 08/15/27(b)

    USD       868       724,342  

Ball Corp., 6.00%, 06/15/29

      1,028       998,002  

Canpack SA/Canpack U.S. LLC, 3.13%, 11/01/25(b)

      584       541,602  

Crown European Holdings SA, 3.38%, 05/15/25(c)

    EUR       100       103,089  

Mauser Packaging Solutions Holding Co.(b)
7.88%, 08/15/26

    USD       15,705       15,151,177  

9.25%, 04/15/27

      557       486,865  

OI European Group BV, 6.25%, 05/15/28(c)

    EUR       100       107,459  

Owens-Brockway Glass Container, Inc., 6.63%, 05/13/27(b)

    USD       211       205,700  
 

 

 

O N S O L I D A T E D    C H E D U L E     O F    N V E S T M E N T S   2


Consolidated Schedule of Investments (unaudited) (continued)

September 30, 2023

  

BlackRock Corporate High Yield Fund, Inc. (HYT)

(Percentages shown are based on Net Assets)

 

Security          Par
(000)
    Value  
Beverages (continued)                  

Trivium Packaging Finance BV
5.50%, 08/15/26(b)

    USD       3,921     $        3,656,070  

8.50%, 08/15/27(b)

      5,259       4,806,120  

(3-mo. EURIBOR + 3.75%), 7.53%, 08/15/26(a)(c)

    EUR       100       104,139  
     

 

 

 
        45,692,779  
Biotechnology(c) — 0.0%                  

Cidron Aida Finco SARL
5.00%, 04/01/28

      163       155,629  

6.25%, 04/01/28

    GBP       133       142,867  
     

 

 

 
        298,496  
Broadline Retail — 0.1%                  

NMG Holding Co., Inc./Neiman Marcus Group LLC, 7.13%, 04/01/26(b)

    USD       697       653,861  
     

 

 

 
Building Materials — 2.1%                  

Camelot Return Merger Sub, Inc., 8.75%, 08/01/28(b)

      1,004       968,510  

Emerald Debt Merger Sub LLC
6.38%, 12/15/30(b)

    EUR       840       884,840  

6.38%, 12/15/30(c)

      100       105,338  

6.63%, 12/15/30(b)

    USD         13,876       13,358,074  

Jeld-Wen, Inc., 4.63%, 12/15/25(b)

      1,251       1,201,172  

New Enterprise Stone & Lime Co., Inc.(b)
5.25%, 07/15/28

      435       390,312  

9.75%, 07/15/28

      640       632,000  

PCF GmbH, 4.75%, 04/15/26(c)

    EUR       100       82,275  

Smyrna Ready Mix Concrete LLC, 6.00%, 11/01/28(b)

    USD       4,762       4,397,521  

Standard Industries, Inc.
2.25%, 11/21/26(c)

    EUR       511       476,383  

5.00%, 02/15/27(b)

    USD       128       118,650  

4.75%, 01/15/28(b)

      100       90,199  

4.38%, 07/15/30(b)

      2,674       2,214,604  

3.38%, 01/15/31(b)

      3,803       2,939,647  
     

 

 

 
        27,859,525  
Building Products — 1.8%                  

Advanced Drainage Systems, Inc.(b)
5.00%, 09/30/27

      547       510,996  

6.38%, 06/15/30

      4,547       4,367,166  

Beacon Roofing Supply, Inc.(b)
4.13%, 05/15/29

      552       471,960  

6.50%, 08/01/30

      1,358       1,316,051  

Foundation Building Materials, Inc., 6.00%, 03/01/29(b)

      440       366,188  

GYP Holdings III Corp., 4.63%, 05/01/29(b)

      2,104       1,812,449  

HT Troplast GmbH, 9.38%, 07/15/28

    EUR       124       131,938  

Specialty Building Products Holdings LLC/SBP Finance Corp., 6.38%, 09/30/26(b)

    USD       386       360,966  

SRS Distribution, Inc.(b)
4.63%, 07/01/28

      1,999       1,726,943  

6.13%, 07/01/29

      1,804       1,536,384  

6.00%, 12/01/29

      3,997       3,357,480  

White Cap Buyer LLC, 6.88%, 10/15/28(b)

      6,829       6,035,543  

White Cap Parent LLC, (8.25% Cash or 9.00% PIK), 8.25%, 03/15/26(b)(h)

      1,957       1,888,169  
     

 

 

 
        23,882,233  
Capital Markets — 2.2%                  

AG TTMT Escrow Issuer LLC, 8.63%, 09/30/27(b)

      708       712,340  
Security           Par
(000)
     Value  

Capital Markets (continued)

       

Ares Capital Corp., 7.00%, 01/15/27

    USD        735      $ 734,991  

Blackstone Private Credit Fund
7.05%, 09/29/25

       432        432,663  

3.25%, 03/15/27

       590        512,494  

Blue Owl Capital Corp.
3.75%, 07/22/25

       1,102        1,032,502  

3.40%, 07/15/26

       785        703,801  

Blue Owl Credit Income Corp.
5.50%, 03/21/25

       873        844,456  

3.13%, 09/23/26

       540        474,663  

7.75%, 09/16/27

       1,852        1,837,108  

Compass Group Diversified Holdings LLC, 5.25%, 04/15/29(b)

       1,129        987,072  

GLP Capital LP/GLP Financing II, Inc., 3.25%, 01/15/32

       1,733        1,344,962  

GTCR W-2 Merger Sub LLC/GTCR W Dutch Finance Sub BV, 8.50%, 01/15/31(c)(k)

    GBP        145        180,674  

Icahn Enterprises LP/Icahn Enterprises Finance Corp.
6.25%, 05/15/26

    USD        400        371,617  

5.25%, 05/15/27

       4,378        3,848,174  

4.38%, 02/01/29

       3,281        2,623,682  

Lehman Brothers Holdings,
Inc.(f)(i)
5.38%, 10/17/12

    EUR        350        1,554  

0.00%, 05/17/13

    USD        1,535        2,303  

4.75%, 01/16/14

    EUR        1,890        8,392  

1.00%, 02/05/14

           3,950        17,540  

1.00%, 12/31/49

    USD        430        645  

NFP Corp.(b)
6.88%, 08/15/28

       7,268        6,226,337  

7.50%, 10/01/30

       4,085        3,922,937  

Northern Trust Corp., 6.13%, 11/02/32

       904        892,612  

UBS AG, (1-year CMT + 2.00%), 6.30%, 09/22/34

       960        937,592  
       

 

 

 
                 28,651,111  
Chemicals — 3.4%                    

Avient Corp., 7.13%, 08/01/30(b)

       440        432,251  

Axalta Coating Systems Dutch Holding B BV, 3.75%, 01/15/25(c)

    EUR        242        251,779  

Axalta Coating Systems LLC, 3.38%, 02/15/29(b)

    USD        2,011        1,674,342  

Axalta Coating Systems LLC/Axalta Coating Systems Dutch Holding B BV, 4.75%, 06/15/27(b)

       2,464        2,289,504  

Celanese U.S. Holdings LLC
6.35%, 11/15/28

       791        781,059  

6.55%, 11/15/30

       758        741,802  

6.70%, 11/15/33

       1,075        1,046,420  

Chemours Co.(b)
5.75%, 11/15/28

       855        742,054  

4.63%, 11/15/29

       462        371,657  

Element Solutions, Inc., 3.88%, 09/01/28(b)

       7,277        6,279,956  

FIS Fabbrica Italiana Sintetici SpA, 5.63%, 08/01/27(c)

    EUR        100        97,307  

HB Fuller Co., 4.25%, 10/15/28

    USD        606        534,734  

Herens Holdco SARL, 4.75%, 05/15/28(b)

       4,049        3,143,915  

Herens Midco SARL, 5.25%, 05/15/29(c)

    EUR        102        61,469  

Illuminate Buyer LLC/Illuminate Holdings IV, Inc., 9.00%, 07/01/28(b)

    USD        1,557        1,470,506  

INEOS Quattro Finance 2 PLC, 2.50%, 01/15/26(c)

    EUR        215        206,526  

Ingevity Corp., 3.88%, 11/01/28(b)

    USD        494        407,313  
 

 

 

3  


Consolidated Schedule of Investments (unaudited) (continued)

September 30, 2023

  

BlackRock Corporate High Yield Fund, Inc. (HYT)

(Percentages shown are based on Net Assets)

 

Security          Par
(000)
    Value  
Chemicals (continued)                  

Kobe U.S. Midco 2, Inc., (9.25% Cash or 10.00% PIK), 9.25%, 11/01/26(b)(h)

    USD       1,348     $           984,040  

Kronos International, Inc., 3.75%, 09/15/25(c)

    EUR       200       190,149  

LSF11 A5 HoldCo LLC, 6.63%, 10/15/29(b)

    USD       725       602,765  

Minerals Technologies, Inc., 5.00%, 07/01/28(b)

      878       805,302  

Nobian Finance BV, 3.63%, 07/15/26(c)

    EUR       106       101,068  

NOVA Chemicals Corp., 4.88%, 06/01/24(b)

    USD       456       448,015  

Olympus Water U.S. Holding Corp.

     

9.63%, 11/15/28(c)

    EUR       179       188,764  

9.75%, 11/15/28(b)

    USD       3,776       3,767,837  

SCIL IV LLC/SCIL USA Holdings LLC

     

5.38%, 11/01/26(b)

      1,495       1,366,010  

9.50%, 07/15/28(c)

    EUR       100       107,669  

(3-mo. EURIBOR + 4.38%), 8.10%, 11/01/26(a)(c)

      100       104,932  

Scotts Miracle-Gro Co., 4.38%, 02/01/32

    USD       1,734       1,301,705  

SK Invictus Intermediate II SARL, 5.00%, 10/30/29(b)

      3,950       3,165,648  

Synthomer PLC, 3.88%, 07/01/25(c)

    EUR       133       133,988  

WESCO Distribution, Inc.(b)

     

7.13%, 06/15/25

    USD       1,940       1,944,580  

7.25%, 06/15/28

      2,820       2,833,682  

WR Grace Holdings LLC(b)

     

4.88%, 06/15/27

      733       672,482  

5.63%, 08/15/29

      5,346       4,323,577  

7.38%, 03/01/31

      1,174       1,138,174  
     

 

 

 
        44,712,981  
Commercial Services & Supplies — 3.6%        

ADT Security Corp.(b)

     

4.13%, 08/01/29

      1,619       1,368,881  

4.88%, 07/15/32

      425       354,875  

Albion Financing 1 SARL/Aggreko Holdings, Inc.,

     

6.13%, 10/15/26(b)

      940       887,821  

APX Group, Inc.(b)

     

6.75%, 02/15/27

      1,620       1,555,568  

5.75%, 07/15/29

      1,478       1,245,388  

Ashtead Capital, Inc., Series B, 5.95%, 10/15/33(b)

      1,335       1,267,392  

BCP V Modular Services Finance II PLC(c)

     

4.75%, 11/30/28

    EUR       200       176,821  

6.13%, 11/30/28

    GBP       100       99,438  

Boels Topholding BV, 6.25%, 02/15/29(c)

    EUR       107       112,560  

Cablevision Lightpath LLC, 3.88%, 09/15/27(b)

    USD       866       723,110  

EC Finance PLC, 3.00%, 10/15/26(c)

    EUR       109       106,910  

Fortress Transportation and Infrastructure Investors LLC(b)

     

6.50%, 10/01/25

    USD       3,440       3,380,984  

9.75%, 08/01/27

      2,442       2,525,858  

5.50%, 05/01/28

      3,594       3,258,272  

Garda World Security Corp., 9.50%, 11/01/27(b)

      328       313,606  

Herc Holdings, Inc., 5.50%, 07/15/27(b)

      4,416       4,176,010  

Hertz Corp.(b)

     

4.63%, 12/01/26

      666       590,242  

5.00%, 12/01/29

      476       372,671  

Inter Media and Communication SpA, 6.75%, 02/09/27(c)

    EUR       200       202,294  

LABL, Inc., 9.50%, 11/01/28(b)

    USD           2,391       2,450,775  

Loxam SAS, 6.38%, 05/15/28(c)

    EUR       115       119,000  

Metis Merger Sub LLC, 6.50%, 05/15/29(b)

    USD       763       644,518  

NESCO Holdings II, Inc., 5.50%, 04/15/29(b)

      1,353       1,187,259  
Security          Par
(000)
    Value  
Commercial Services & Supplies (continued)        

Paprec Holding SA, 3.50%, 07/01/28(c)

    EUR       100     $             94,360  

Prime Security Services Borrower LLC/Prime Finance, Inc.(b)

     

5.75%, 04/15/26

    USD       1,037       1,006,065  

6.25%, 01/15/28

      3,405       3,153,604  

Q-Park Holding I BV, 1.50%, 03/01/25(c)

    EUR       100       102,289  

Sotheby’s/Bidfair Holdings, Inc., 5.88%, 06/01/29(b)

    USD       2,072       1,662,780  

United Rentals North America, Inc., 6.00%, 12/15/29(b)

      9,161       8,919,618  

Verisure Holding AB(c)

     

3.88%, 07/15/26

    EUR       140       139,134  

9.25%, 10/15/27

      100       112,069  

7.13%, 02/01/28

      100       106,782  

Williams Scotsman International, Inc.(b)

     

6.13%, 06/15/25

    USD       1,652       1,635,480  

4.63%, 08/15/28

      594       531,630  

Williams Scotsman, Inc., 7.38%, 10/01/31

      1,966       1,955,274  
     

 

 

 
        46,539,338  
Communications Equipment — 0.8%                  

CommScope Technologies LLC, 6.00%, 06/15/25(b)

      1,921       1,828,702  

CommScope, Inc.(b)

     

6.00%, 03/01/26

      2,904       2,710,097  

4.75%, 09/01/29

      677       497,964  

Viasat, Inc.

     

5.63%, 09/15/25(b)

      3,159       2,918,126  

5.63%, 04/15/27(b)

      1,433       1,241,501  

7.50%, 05/30/31

      270       178,335  

Viavi Solutions, Inc., 3.75%, 10/01/29(b)

      959       779,571  
     

 

 

 
        10,154,296  
Construction & Engineering — 0.5%                  

Brand Industrial Services, Inc., 10.38%, 08/01/30

      6,264       6,273,646  

Webuild SpA, 7.00%, 09/27/28

    EUR       100       103,599  
     

 

 

 
        6,377,245  
Construction Materials(b) — 0.3%                  

American Builders & Contractors Supply Co., Inc., Series A, 3.88%, 11/15/29

    USD       1,630       1,358,317  

BCPE Empire Holdings, Inc., 7.63%, 05/01/27

      1,897       1,801,638  

H&E Equipment Services, Inc., 3.88%, 12/15/28

      358       305,694  

Resideo Funding, Inc., 4.00%, 09/01/29

      290       238,258  

Ritchie Bros Holdings, Inc., 6.75%, 03/15/28

      412       411,053  
     

 

 

 
        4,114,960  
Consumer Discretionary — 4.0%                  

APi Group DE, Inc., 4.75%, 10/15/29(b)

      1,283       1,122,592  

Carnival Corp.

     

7.63%, 03/01/26(b)

      842       819,084  

7.63%, 03/01/26(c)

    EUR       206       213,773  

5.75%, 03/01/27(b)

    USD       4,944       4,475,428  

9.88%, 08/01/27(b)

      1,240       1,294,467  

6.00%, 05/01/29(b)

      2,935       2,503,505  

7.00%, 08/15/29(b)

      878       865,731  

Carnival Holdings Bermuda Ltd., 10.38%,

     

05/01/28(b)

        11,734       12,582,004  

CoreLogic, Inc., 4.50%, 05/01/28(b)

      2,567       1,947,788  

Legends Hospitality Holding Co. LLC/Legends

     

Hospitality Co.-Issuer, Inc., 5.00%, 02/01/26(b)

      561       549,780  
 

 

 

O N S O L I D A T E D    C H E D U L E     O F    N V E S T M E N T S   4


Consolidated Schedule of Investments (unaudited) (continued)

September 30, 2023

  

BlackRock Corporate High Yield Fund, Inc. (HYT)

(Percentages shown are based on Net Assets)

 

Security          Par
(000)
    Value  
Consumer Discretionary (continued)                  

Life Time, Inc.(b)

     

5.75%, 01/15/26

    USD           1,652     $ 1,600,762  

8.00%, 04/15/26

      1,262       1,239,915  

Lindblad Expeditions LLC, 6.75%, 02/15/27(b)

      1,551       1,452,124  

NCL Corp. Ltd.(b)

     

5.88%, 03/15/26

      2,002       1,848,333  

8.38%, 02/01/28

      719       729,330  

7.75%, 02/15/29

      1,692       1,570,392  

NCL Finance Ltd., 6.13%, 03/15/28(b)

      849       749,243  

Neptune Bidco U.S., Inc., 9.29%, 04/15/29(b)

      1,612       1,459,363  

Royal Caribbean Cruises Ltd.(b)

     

11.50%, 06/01/25

      261       275,518  

4.25%, 07/01/26

      462       423,604  

5.50%, 08/31/26

      258       243,526  

5.38%, 07/15/27

      868       803,336  

11.63%, 08/15/27

      860       933,012  

5.50%, 04/01/28

      2,640       2,420,858  

8.25%, 01/15/29

      923       952,471  

9.25%, 01/15/29

      1,779       1,879,401  

7.25%, 01/15/30

      1,599       1,584,756  

Techem Verwaltungsgesellschaft 674 mbH, 6.00%, 07/30/26(c)

    EUR       88       90,197  

Techem Verwaltungsgesellschaft 675 mbH, 2.00%, 07/15/25(c)

      220       224,352  

TUI Cruises GmbH, 6.50%, 05/15/26(c)

      100       99,669  

Viking Cruises Ltd.(b)

     

5.88%, 09/15/27

    USD       1,436       1,310,637  

7.00%, 02/15/29

      269       247,480  

9.13%, 07/15/31

      3,467       3,468,595  

Viking Ocean Cruises Ship VII Ltd., 5.63%, 02/15/29(b)

      886       801,830  
     

 

 

 
             52,782,856  
Consumer Finance — 3.1%                  

Block, Inc.

     

2.75%, 06/01/26

      3,632       3,266,614  

3.50%, 06/01/31

      8,304       6,523,300  

Capital One Financial Corp., (1-day SOFR + 2.86%), 6.38%, 06/08/34(a)

      520       490,732  

Encore Capital Group, Inc., 5.38%, 02/15/26(c)

    GBP       100       111,867  

GTCR W-2 Merger Sub LLC, 7.50%, 01/15/31(b)(k) .

    USD       6,205       6,213,687  

Iron Mountain U.K. PLC, 3.88%, 11/15/25(c)

    GBP       100       114,995  

Navient Corp.

     

5.88%, 10/25/24

    USD       1,965       1,933,992  

9.38%, 07/25/30

      805       793,931  

Nexi SpA, 0.00%, 02/24/28(c)(l)(m)

    EUR       300       241,048  

OneMain Finance Corp.

     

6.88%, 03/15/25

    USD       1,060       1,051,597  

7.13%, 03/15/26

      809       792,320  

6.63%, 01/15/28

      3,592       3,314,231  

5.38%, 11/15/29

      705       590,438  

4.00%, 09/15/30

      558       418,698  

Shift4 Payments LLC/Shift4 Payments Finance Sub, Inc., 4.63%, 11/01/26(b)

      3,237       3,052,038  

SLM Corp., 3.13%, 11/02/26

      930       806,676  

Verscend Escrow Corp., 9.75%, 08/15/26(b)

      10,288       10,289,790  
   

 

 

   

 

 

 
        40,005,954  
Consumer Staples Distribution & Retail — 1.4%        

Albertsons Cos., Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC(b)

     

4.63%, 01/15/27

      373       352,193  
Security          Par
(000)
    Value  
Consumer Staples Distribution & Retail (continued)        

Albertsons Cos., Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC(b) (continued)

     

5.88%, 02/15/28

    USD       1,328     $ 1,278,172  

6.50%, 02/15/28

      4,762       4,706,650  

3.50%, 03/15/29

      1,573       1,341,117  

4.88%, 02/15/30

      1,210       1,090,239  

Bellis Acquisition Co. PLC(c)

     

3.25%, 02/16/26

    GBP       200       211,873  

4.50%, 02/16/26

      328       354,638  

Darling Ingredients, Inc., 6.00%, 06/15/30(b)

    USD       1,415       1,339,627  

Lamb Weston Holdings, Inc.(b)

     

4.88%, 05/15/28

      100       92,235  

4.13%, 01/31/30

      205       175,305  

4.38%, 01/31/32

      744       623,277  

Performance Food Group, Inc.(b)

     

5.50%, 10/15/27

      2,744       2,599,778  

4.25%, 08/01/29

      86       74,290  

Picard Groupe SAS, 3.88%, 07/01/26(c)

    EUR       112       109,543  

Post Holdings, Inc.(b)

     

5.50%, 12/15/29

    USD       937       849,371  

4.50%, 09/15/31

      141       117,353  

Premier Foods Finance PLC, 3.50%, 10/15/26(c)

    GBP       100       110,785  

U.S. Foods, Inc.

     

6.88%, 09/15/28

    USD       1,023       1,020,852  

4.75%, 02/15/29(b)

      224       200,204  

4.63%, 06/01/30(b)

      149       129,451  

7.25%, 01/15/32(b)

      1,232       1,230,756  

United Natural Foods, Inc., 6.75%, 10/15/28(b)

      454       346,084  
     

 

 

 
             18,353,793  
Containers & Packaging — 1.0%                  

Ahlstrom-Munksjo Holding 3 Oy, 3.63%, 02/04/28(c)

    EUR       109       96,600  

Clydesdale Acquisition Holdings, Inc.(b)

     

6.63%, 04/15/29

    USD           4,208       3,912,546  

8.75%, 04/15/30

      4,005       3,434,926  

Crown European Holdings SA, 5.00%, 05/15/28(c)

    EUR       100       105,213  

Fiber Bidco SpA, 11.00%, 10/25/27(c)

      100       112,729  

Graphic Packaging International LLC

     

4.75%, 07/15/27(b)

    USD       574       541,070  

3.50%, 03/15/28(b)

      35       30,707  

2.63%, 02/01/29(c)

    EUR       556       509,926  

Kleopatra Finco SARL, 4.25%, 03/01/26(c)

      100       88,195  

LABL, Inc., 5.88%, 11/01/28(b)

    USD       1,085       974,025  

OI European Group BV, 6.25%, 05/15/28

    EUR       620       666,245  

Owens-Brockway Glass Container, Inc., 7.25%, 05/15/31(b)

    USD       1,256       1,227,740  

Sealed Air Corp., 5.00%, 04/15/29(b)

      322       289,517  

Sealed Air Corp./Sealed Air Corp. U.S., 6.13%, 02/01/28(b)

      1,001       969,489  

Trident TPI Holdings, Inc., 12.75%, 12/31/28(b)

      565       590,425  
     

 

 

 
        13,549,353  
Diversified Consumer Services — 3.4%                  

Allied Universal Holdco LLC/Allied Universal Finance Corp.(b)

     

6.63%, 07/15/26

      11,899       11,274,776  

9.75%, 07/15/27

      3,520       3,148,338  

6.00%, 06/01/29

      7,236       5,394,348  

Allied Universal Holdco LLC/Allied Universal Finance Corp./Atlas Luxco 4 SARL

     

4.63%, 06/01/28(b)

      5,681       4,723,576  
 

 

 

5  


Consolidated Schedule of Investments (unaudited) (continued)

September 30, 2023

  

BlackRock Corporate High Yield Fund, Inc. (HYT)

(Percentages shown are based on Net Assets)

 

Security          Par
(000)
    Value  
Diversified Consumer Services (continued)  

Allied Universal Holdco LLC/Allied Universal Finance Corp./Atlas Luxco 4 SARL (continued)

     

4.88%, 06/01/28(c)

    GBP       100     $             96,906  

Cedacri Mergeco SpA, (3-mo. EURIBOR + 5.50%), 9.28%, 05/15/28(a)(c)

    EUR       100       104,800  

Clarivate Science Holdings Corp.(b)
3.88%, 07/01/28

    USD       6,415       5,553,468  

4.88%, 07/01/29

      4,846       4,130,474  

Garda World Security Corp.(b)
4.63%, 02/15/27

      595       544,461  

7.75%, 02/15/28

      2,979       2,920,619  

Graham Holdings Co., 5.75%, 06/01/26(b)

      705       680,325  

Macquarie Airfinance Holdings Ltd.
8.38%, 05/01/28(b)

      579       586,961  

8.13%, 03/30/29

      946       947,277  

Rekeep SpA, 7.25%, 02/01/26(c)

    EUR       100       95,613  

Sotheby’s, 7.38%, 10/15/27(b)

    USD       5,001       4,603,010  
   

 

 

 
        44,804,952  
Diversified REITs — 1.7%                  

Global Net Lease, Inc./Global Net Lease Operating Partnership LP, 3.75%, 12/15/27(b)

      590       456,804  

HAT Holdings I LLC/HAT Holdings II LLC, 3.38%, 06/15/26(b) 

      1,021       907,499  

Iron Mountain, Inc.(b)
7.00%, 02/15/29

      3,430       3,354,654  

5.63%, 07/15/32

      3,252       2,807,458  

MPT Operating Partnership LP/MPT Finance Corp.
2.55%, 12/05/23

    GBP       556       658,350  

2.50%, 03/24/26

      793       732,892  

4.63%, 08/01/29

    USD       4,183       2,962,666  

3.50%, 03/15/31

      30       18,734  

RHP Hotel Properties LP/RHP Finance Corp.
4.75%, 10/15/27

      1,591       1,447,810  

7.25%, 07/15/28

      1,748       1,717,398  

4.50%, 02/15/29(b)

          5,411       4,636,984  

RLJ Lodging Trust LP, 4.00%, 09/15/29(b)

      1,279       1,047,424  

Service Properties Trust, 7.50%, 09/15/25

      894       878,297  

VICI Properties LP, 4.95%, 02/15/30

      1,185       1,084,237  
   

 

 

 
        22,711,207  
Diversified Telecommunication Services — 2.9%        

Altice Financing SA, 5.75%, 08/15/29(b)

      2,143       1,756,261  

Cellnex Telecom SA, 2.13%, 08/11/30

    EUR       200       200,991  

Level 3 Financing, Inc.(b)
3.40%, 03/01/27

    USD       6,723       6,295,282  

4.63%, 09/15/27

      5,053       3,633,951  

3.63%, 01/15/29

      416       232,960  

10.50%, 05/15/30

      6,268       6,309,294  

Lumen Technologies, Inc., 4.00%, 02/15/27(b)

      1,987       1,308,340  

SoftBank Group Corp.(c)
2.13%, 07/06/24

    EUR       249       255,029  

4.75%, 07/30/25

      100       103,748  

3.88%, 07/06/32

      200       161,213  

Telecom Italia Capital SA
6.38%, 11/15/33

    USD       1,478       1,281,533  

6.00%, 09/30/34

      2,470       2,059,440  

7.20%, 07/18/36

      227       201,981  

7.72%, 06/04/38

      238       217,770  

Telecom Italia Finance SA, 7.75%, 01/24/33

    EUR       83       93,020  
Security          Par
(000)
    Value  
Diversified Telecommunication Services (continued)        

Telecom Italia SpA

     

5.30%, 05/30/24(b)

    USD       322     $           316,587  

2.75%, 04/15/25(c)

    EUR       139       140,132  

3.00%, 09/30/25(c)

      100       100,354  

7.88%, 07/31/28

      113       123,674  

7.88%, 07/31/28(c)

      100       109,446  

1.63%, 01/18/29(c)

      143       118,110  

Telecom Italia SpA/Milano, 6.88%, 02/15/28(c)

      218       231,667  

Zayo Group Holdings, Inc.(b)

     

4.00%, 03/01/27

    USD         13,108       9,724,635  

6.13%, 03/01/28

      3,999       2,570,236  
   

 

 

 
        37,545,654  
Electric Utilities — 0.4%                  

Edison International, Series A, (5-year CMT + 4.70%), 5.38%(a)(j)

      2,200       1,940,877  

EDP - Energias de Portugal SA(a)(c)

     

(5-year EUR Swap + 1.84%), 1.70%, 07/20/80

    EUR       100       97,399  

(5-year EUR Swap + 2.38%), 1.88%, 08/02/81

      200       187,133  

Electricite de France SA, (5-year CMT + 5.41%), 9.13%(a)(b)(j)

    USD       535       557,329  

NextEra Energy Operating Partners LP, 3.88%, 10/15/26(b) 

      654       592,142  

Palomino Funding Trust I, 7.23%, 05/17/28(b)

      682       684,428  

Talen Energy Supply LLC, 8.63%, 06/01/30(b)

      716       733,973  

TransAlta Corp., 7.75%, 11/15/29

      590       597,375  
   

 

 

 
        5,390,656  
Electrical Equipment(b) — 0.6%                  

Gates Global LLC/Gates Corp., 6.25%, 01/15/26

      2,205       2,148,745  

GrafTech Finance, Inc., 4.63%, 12/15/28

      186       143,833  

Regal Rexnord Corp.

     

6.05%, 04/15/28

      3,214       3,126,150  

6.30%, 02/15/30

      1,055       1,019,101  

6.40%, 04/15/33

      1,095       1,054,712  
   

 

 

 
        7,492,541  
Electronic Equipment, Instruments & Components(b) — 0.6%  

BWX Technologies, Inc., 4.13%, 06/30/28

      1,495       1,321,737  

Coherent Corp., 5.00%, 12/15/29

      1,614       1,399,403  

Imola Merger Corp., 4.75%, 05/15/29

      107       93,775  

Vertiv Group Corp., 4.13%, 11/15/28

      5,085       4,469,770  
   

 

 

 
        7,284,685  
Energy Equipment & Services — 1.3%                  

Archrock Partners LP/Archrock Partners Finance Corp.(b) 

     

6.88%, 04/01/27

      3,608       3,490,170  

6.25%, 04/01/28

      801       745,750  

Enerflex Ltd., 9.00%, 10/15/27(b)

      1,227       1,211,663  

Nine Energy Service, Inc., 13.00%, 02/01/28

      478       435,965  

Oceaneering International, Inc., 6.00%, 02/01/28(b)(k)

      369       347,622  

Patterson-UTI Energy, Inc., 7.15%, 10/01/33

      510       511,832  

Seadrill Finance Ltd., 8.38%, 08/01/30

      1,273       1,296,067  

Shelf Drilling Holdings, 9.63%, 04/15/29

      1,063       1,051,041  

USA Compression Partners LP/USA Compression Finance Corp.

     

6.88%, 04/01/26

      3,626       3,551,823  

6.88%, 09/01/27

      1,338       1,297,128  

Vallourec SA, 8.50%, 06/30/26(c)

    EUR       138       145,901  
 

 

 

O N S O L I D A T E D    C H E D U L E     O F    N V E S T M E N T S   6


Consolidated Schedule of Investments (unaudited) (continued)

September 30, 2023

  

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.(b)

     

6.50%, 09/15/28

    USD       728     $           728,073  

8.63%, 04/30/30

      1,785       1,798,664  
   

 

 

 
        16,611,699  
Entertainment — 0.1%                  

Allwyn Entertainment Financing U.K. PLC

     

7.88%, 04/30/29(b)

      800       800,000  

7.25%, 04/30/30(c)

    EUR       100       106,571  

Pinnacle Bidco PLC

     

8.25%, 10/11/28

      100       105,336  

10.00%, 10/11/28

    GBP       100       121,808  
   

 

 

 
        1,133,715  
Environmental, Maintenance & Security Service — 1.5%  

Clean Harbors, Inc., 6.38%, 02/01/31(b)

    USD       1,231       1,196,988  

Covanta Holding Corp.

     

4.88%, 12/01/29(b)

          2,689       2,206,056  

5.00%, 09/01/30

      520       414,961  

GFL Environmental, Inc.(b)

     

3.75%, 08/01/25

      964       913,758  

5.13%, 12/15/26

      218       207,664  

4.00%, 08/01/28

      3,809       3,328,177  

3.50%, 09/01/28

      280       241,055  

4.75%, 06/15/29

      2,070       1,840,040  

4.38%, 08/15/29

      3,161       2,745,676  

Tervita Corp., 11.00%, 12/01/25(b)

      415       433,868  

Waste Pro USA, Inc., 5.50%, 02/15/26(b)

      7,103       6,632,613  
   

 

 

 
        20,160,856  
Financial Services — 2.8%                  

Acuris Finance U.S., Inc./Acuris Finance SARL, 5.00%, 05/01/28(b)

      2,432       2,000,320  

Aircastle Ltd., 6.50%, 07/18/28(b)

      719       705,108  

Banco Santander SA, 6.92%, 08/08/33

      1,000       955,484  

Barclays PLC, 5.20%, 05/12/26

      800       770,712  

BNP Paribas SA, (5-year CMT + 4.35%), 8.50%(a)(b)(j)

      2,200       2,152,310  

Castlelake Aviation Finance DAC, 5.00%, 04/15/27(b)

      178       162,578  

Citigroup, Inc., (1-day SOFR + 2.66%), 6.17%, 05/25/34(a) 

      2,175       2,078,480  

Enact Holdings, Inc., 6.50%, 08/15/25(b)

      2,158       2,125,434  

Freedom Mortgage Corp., 12.25%, 10/01/30

      537       548,894  

Garfunkelux Holdco 3 SA, 6.75%, 11/01/25(c)

    EUR       100       81,012  

GGAM Finance Ltd.(b)

     

7.75%, 05/15/26

    USD       237       234,631  

8.00%, 06/15/28

      237       236,533  

Global Aircraft Leasing Co. Ltd.(b)(h)

     

(6.50% Cash or 7.25% PIK), 6.50%, 09/15/24

      708       674,120  

Series 2021, (6.50% Cash or 7.25% PIK), 6.50%, 09/15/24

      1,562       1,488,438  

Home Point Capital, Inc., 5.00%, 02/01/26(b)

      7,074       6,607,797  

Intrum AB(c)
3.13%, 07/15/24

    EUR       61       62,284  

4.88%, 08/15/25

      100       95,887  

ION Trading Technologies SARL, 5.75%, 05/15/28(b)

    USD       1,268       1,105,595  

Jefferies Finance LLC/JFIN Co.-Issuer Corp., 5.00%, 08/15/28(b)

      1,679       1,413,728  
Security          Par
(000)
    Value  
Financial Services (continued)                  

Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp.(b)
5.25%, 10/01/25

    USD       241     $           232,035  

4.75%, 06/15/29

      1,196       966,135  

Lloyds Banking Group PLC, (5-year EURIBOR ICE Swap + 5.29%),
4.95%(a)(c)(j)

    EUR       200       196,035  

Nationstar Mortgage Holdings, Inc.(b)
6.00%, 01/15/27

    USD       85       80,318  

5.75%, 11/15/31

      1,420       1,174,655  

Permian Resources Operating LLC, 7.00%, 01/15/32

      953       939,860  

Rocket Mortgage LLC/Rocket Mortgage Co-Issuer, Inc.(b)
2.88%, 10/15/26

      6,328       5,573,006  

3.88%, 03/01/31

      605       482,409  

4.00%, 10/15/33

      431       325,484  

Spectrum Brands, Inc., 5.50%, 07/15/30(b)

      996       903,071  

UBS Group AG(a)(b)

     

(1-year CMT + 1.80%), 6.25%, 09/22/29

      1,104       1,092,418  

(5-year CMT + 3.31%), 4.38%(j)

      950       680,602  

UniCredit SpA, (5-year EUR Swap + 2.80%),
2.73%, 01/15/32(a)(c)

    EUR       200       185,937  
   

 

 

 
        36,331,310  
Food Products — 1.5%                  

Aramark International Finance SARL, 3.13%, 04/01/25(c)

      582       603,382  

Aramark Services, Inc.(b)
5.00%, 04/01/25

    USD       338       332,224  

6.38%, 05/01/25

      1,513       1,537,117  

5.00%, 02/01/28

      5,337       4,935,836  

B&G Foods, Inc., 8.00%, 09/15/28

      593       593,809  

Chobani LLC/Chobani Finance Corp., Inc.(b)
7.50%, 04/15/25

          6,490       6,428,864  

4.63%, 11/15/28

      3,990       3,519,100  

Darling Global Finance BV, 3.63%, 05/15/26(c)

    EUR       457       467,480  

Elior Group SA, 3.75%, 07/15/26(c)

      112       93,037  

Simmons Foods, Inc./Simmons Prepared Foods, Inc./Simmons Pet Food, Inc./Simmons Feed, 4.63%, 03/01/29(b) 

    USD       512       420,007  

Tereos Finance Groupe I SA, 7.25%, 04/15/28(c)

    EUR       100       107,818  
   

 

 

 
        19,038,674  
Gas Utilities — 0.0%                  

Suburban Propane Partners LP/Suburban Energy Finance Corp., 5.00%, 06/01/31(b)

    USD       537       448,250  
   

 

 

 
Ground Transportation — 0.2%                  

Forward Air Corp., 9.50%, 10/15/31

      1,907       1,905,665  
   

 

 

 
Health Care Equipment & Supplies — 1.2%                  

Avantor Funding, Inc.
2.63%, 11/01/25(c)

    EUR       527       531,642  

3.88%, 07/15/28(c)

      100       96,897  

4.63%, 07/15/28(b)

    USD       2,380       2,169,795  

3.88%, 11/01/29(b)

      6,485       5,542,537  

Bausch & Lomb Escrow Corp., 8.38%, 10/01/28(b)

      6,405       6,424,023  

Embecta Corp., 6.75%, 02/15/30(b)

      194       158,595  

Garden Spinco Corp., 8.63%, 07/20/30(b)

      963       1,005,233  
   

 

 

 
        15,928,722  
Health Care Providers & Services — 3.9%                  

Acadia Healthcare Co., Inc.(b)
5.50%, 07/01/28

      286       265,970  
 

 

 

7  


Consolidated Schedule of Investments (unaudited) (continued)

September 30, 2023

  

BlackRock Corporate High Yield Fund, Inc. (HYT)

(Percentages shown are based on Net Assets)

 

Security          Par
(000)
    Value  
Health Care Providers & Services (continued)  

Acadia Healthcare Co., Inc.(b) (continued)
5.00%, 04/15/29

    USD       146     $           131,267  

AdaptHealth LLC, 6.13%, 08/01/28(b)

      1,120       966,733  

AHP Health Partners, Inc., 5.75%, 07/15/29(b)

      1,951       1,638,840  

CHS/Community Health Systems, Inc.(b)
6.00%, 01/15/29

      2,761       2,229,731  

5.25%, 05/15/30

          4,538       3,449,681  

4.75%, 02/15/31

      3,526       2,495,421  

Encompass Health Corp.
4.50%, 02/01/28

      2,223       2,025,413  

4.75%, 02/01/30

      35       30,964  

4.63%, 04/01/31

      1,119       948,552  

HealthEquity, Inc., 4.50%, 10/01/29(b)

      3,489       3,005,338  

IQVIA, Inc., 6.50%, 05/15/30(b)

      1,212       1,186,268  

Legacy LifePoint Health LLC, 4.38%, 02/15/27(b)

      664       571,040  

LifePoint Health, Inc.
9.88%, 08/15/30

      1,870       1,810,403  

11.00%, 10/15/30

      2,060       2,060,000  

Medline Borrower LP(b)
3.88%, 04/01/29

      1,055       891,921  

5.25%, 10/01/29

      5,836       5,044,033  

ModivCare, Inc., 5.88%, 11/15/25(b)

      1,982       1,884,010  

Molina Healthcare, Inc.(b)
4.38%, 06/15/28

      294       263,438  

3.88%, 05/15/32

      149       119,496  

Prime Healthcare Services, Inc., 7.25%, 11/01/25(b)

      259       239,479  

RegionalCare Hospital Partners Holdings, Inc./LifePoint Health, Inc., 9.75%, 12/01/26(b)

      499       483,087  

Surgery Center Holdings, Inc.(b)
6.75%, 07/01/25

      997       989,523  

10.00%, 04/15/27

      1,948       1,969,915  

Teleflex, Inc., 4.63%, 11/15/27

      80       73,400  

Tenet Healthcare Corp.
4.88%, 01/01/26

      3,460       3,314,783  

6.25%, 02/01/27

      2,018       1,952,602  

5.13%, 11/01/27

      140       130,289  

6.13%, 10/01/28

      596       559,495  

6.13%, 06/15/30

      3,898       3,654,567  

6.75%, 05/15/31(b)

      6,830       6,587,332  
   

 

 

 
        50,972,991  
Health Care Technology — 1.2%                  

AthenaHealth Group, Inc., 6.50%, 02/15/30(b)

      11,001       9,202,416  

Catalent Pharma Solutions, Inc.
5.00%, 07/15/27(b)

      1,132       1,038,512  

2.38%, 03/01/28(c)

    EUR       100       88,280  

3.13%, 02/15/29(b)

    USD       3,032       2,486,831  

3.50%, 04/01/30(b)

      303       249,466  

Charles River Laboratories International, Inc., 4.25%, 05/01/28(b)

      618       554,208  

Fortrea Holdings, Inc., 7.50%, 07/01/30(b)

      1,036       1,008,044  

IQVIA, Inc.
1.75%, 03/15/26(c)

    EUR       330       324,526  

5.00%, 10/15/26(b)

    USD       1,054       1,007,678  

5.00%, 05/15/27(b)

      200       188,516  

2.25%, 03/15/29(c)

    EUR       100       88,304  
   

 

 

 
        16,236,781  
Security          Par
(000)
    Value  
Hotels, Restaurants & Leisure — 6.5%                  

Accor SA, (5-year EUR Swap + 4.56%), 4.38%(a)(c)(j)

    EUR       200     $           209,329  

Boyne USA, Inc., 4.75%, 05/15/29(b)

    USD       1,752       1,532,396  

Burger King (Restaurant Brands International, Inc.)/New Red Finance,
Inc.(b)
3.88%, 01/15/28

      495       444,035  

4.38%, 01/15/28

      1,545       1,392,583  

4.00%, 10/15/30

      235       195,279  

Caesars Entertainment, Inc.(b)
6.25%, 07/01/25

      8,899       8,777,197  

8.13%, 07/01/27

      8,705       8,746,497  

4.63%, 10/15/29

      3,368       2,852,898  

7.00%, 02/15/30

      6,747       6,565,247  

CCM Merger, Inc., Series 2020, 6.38%, 05/01/26(b)

      485       463,888  

CDI Escrow Issuer, Inc., 5.75%, 04/01/30(b)

      526       475,198  

Cedar Fair LP/Canada’s Wonderland Co./Magnum Management Corp./Millennium Op

     

Series 2020, 5.38%, 04/15/27

      406       380,255  

Series 2020, 6.50%, 10/01/28

      293       277,002  

Churchill Downs, Inc.(b)
5.50%, 04/01/27

      850       810,212  

4.75%, 01/15/28

      4,469       4,031,222  

6.75%, 05/01/31

        10,229       9,666,405  

Cirsa Finance International SARL
4.75%, 05/22/25(c)

    EUR       147       153,654  

(3-mo. EURIBOR + 4.50%), 8.19%, 07/31/28

      100       105,780  

Codere Finance 2 Luxembourg SA, (8.00% Cash and 3.00% PIK), 11.00%,
09/30/26(c)(h)

      133       96,169  

Fertitta Entertainment LLC/Fertitta Entertainment Finance Co., Inc.(b)
4.63%, 01/15/29

    USD       1,524       1,291,590  

6.75%, 01/15/30

      318       259,202  

Hilton Domestic Operating Co., Inc.
5.75%, 05/01/28(b)

      1,133       1,095,297  

3.75%, 05/01/29(b)

      544       470,456  

4.88%, 01/15/30

      1,860       1,692,744  

4.00%, 05/01/31(b)

      1,094       919,700  

3.63%, 02/15/32(b)

      240       193,487  

Hilton Worldwide Finance LLC/Hilton Worldwide Finance Corp., 4.88%, 04/01/27

      240       228,301  

IRB Holding Corp., 7.00%, 06/15/25(b)

      794       794,206  

LHMC Finco 2 SARL, 7.25%, 10/02/25(c)(h)

    EUR       100       103,214  

Light & Wonder International, Inc., 7.50%, 09/01/31

    USD       1,008       996,258  

Lindblad Expeditions Holdings, Inc., 9.00%, 05/15/28(b)

      1,313       1,310,137  

Lottomatica SpA, (3-mo. EURIBOR + 4.13%), 7.93%, 06/01/28(a)(c)

    EUR       195       207,761  

Melco Resorts Finance Ltd.(b)
4.88%, 06/06/25

    USD       1,071       1,011,399  

5.75%, 07/21/28

      600       520,320  

5.38%, 12/04/29

      3,257       2,676,309  

Merlin Entertainments Ltd., 5.75%, 06/15/26(b)

      1,386       1,323,457  

MGM China Holdings Ltd.(b)
5.38%, 05/15/24

      200       196,543  

5.25%, 06/18/25

      600       573,444  

5.88%, 05/15/26

      200       189,516  

4.75%, 02/01/27

      440       395,635  
 

 

 

O N S O L I D A T E D    C H E D U L E     O F    N V E S T M E N T S   8


Consolidated Schedule of Investments (unaudited) (continued)

September 30, 2023

  

BlackRock Corporate High Yield Fund, Inc. (HYT)

(Percentages shown are based on Net Assets)

 

Security           Par
(000)
     Value  
Hotels, Restaurants & Leisure (continued)  

Midwest Gaming Borrower LLC/Midwest Gaming Finance Corp., 4.88%, 05/01/29(b)

    USD        578      $ 492,092  

Motion Bondco DAC, 6.63%, 11/15/27(b)

       450        416,250  

Ontario Gaming GTA LP, 8.00%, 08/01/30

       852        852,000  

Premier Entertainment Sub LLC/Premier Entertainment Finance Corp., 5.63%, 09/01/29(b)

       1,188        914,760  

Raptor Acquisition Corp./Raptor Co.-Issuer LLC, 4.88%, 11/01/26(b)

       973        910,971  

Scientific Games Holdings LP/Scientific Games US FinCo, Inc., 6.63%, 03/01/30(b)

       626        539,925  

Scientific Games International,
Inc.(b)
7.00%, 05/15/28

       706        693,934  

7.25%, 11/15/29

       241        236,180  

Six Flags Entertainment Corp., 7.25%, 05/15/31(b)

       3,666        3,441,934  

Six Flags Theme Parks, Inc., 7.00%, 07/01/25(b)

       1,358        1,354,559  

Station Casinos LLC, 4.63%, 12/01/31(b)

       3,720        2,975,565  

Stonegate Pub Co. Financing PLC, 8.00%, 07/13/25(c) 

    GBP        159        180,416  

Vail Resorts, Inc., 6.25%, 05/15/25(b)

    USD        811        806,629  

Wynn Las Vegas LLC/Wynn Las Vegas Capital Corp., 5.25%, 05/15/27(b)

       1,353        1,258,554  

Wynn Macau Ltd.(b)
5.50%, 01/15/26

       400        370,976  

5.63%, 08/26/28

           3,847        3,318,038  

Wynn Resorts Finance LLC/Wynn Resorts Capital Corp.(b)
5.13%, 10/01/29

       1,884        1,646,855  

7.13%, 02/15/31

       1,419        1,346,949  
    

 

 

 
               85,380,809  
Household Durables — 0.9%                    

Ashton Woods USA LLC/Ashton Woods Finance Co.(b) 

       

Series B, 6.63%, 01/15/28

       406        383,029  

Series B, 4.63%, 08/01/29

       547        461,594  

Series B, 4.63%, 04/01/30

       636        520,626  

Brookfield Residential Properties, Inc./Brookfield Residential U.S. LLC(b)
5.00%, 06/15/29

       1,154        949,823  

4.88%, 02/15/30

       1,424        1,158,111  

CD&R Smokey Buyer, Inc., 6.75%, 07/15/25(b)

       1,328        1,279,661  

Dream Finders Homes, Inc., 8.25%, 08/15/28

       607        611,109  

Installed Building Products, Inc., 5.75%, 02/01/28(b)

       723        665,476  

K Hovnanian Enterprises, Inc., 7.75%, 02/15/26(b)

       378        385,295  

KB Home, 7.25%, 07/15/30

       328        322,197  

Mattamy Group Corp., 4.63%, 03/01/30(b)

       1,582        1,346,408  

SWF Escrow Issuer Corp., 6.50%, 10/01/29(b)

       1,738        1,111,799  

Taylor Morrison Communities, Inc., 5.88%, 06/15/27(b) 

       1,431        1,360,426  

Tempur Sealy International, Inc.(b)
4.00%, 04/15/29

       19        15,857  

3.88%, 10/15/31

       1,724        1,329,992  
    

 

 

 
       11,901,403  
Security           Par
(000)
     Value  

Household Products — 0.0%

       

Central Garden & Pet Co.

       

5.13%, 02/01/28

    USD        280      $ 261,129  

4.13%, 10/15/30

       349        290,966  
       

 

 

 
          552,095  
Independent Power and Renewable Electricity Producers — 0.4%  

Alexander Funding Trust II, 7.47%, 07/31/28(b)

       910        911,192  

Calpine Corp.(b)

       

5.25%, 06/01/26

       136        132,040  

5.13%, 03/15/28

       300        267,131  

4.63%, 02/01/29

       2,297        1,923,410  

Clearway Energy Operating LLC(b)

       

4.75%, 03/15/28

       133        118,950  

3.75%, 02/15/31

       91        71,781  

3.75%, 01/15/32

       104        80,848  

Cullinan Holdco Scsp, 4.63%, 10/15/26(c)

    EUR        100        77,348  

NRG Energy, Inc., 7.00%, 03/15/33(b)

    USD        980        946,851  
       

 

 

 
          4,529,551  
Insurance — 3.5%                    

Acrisure LLC/Acrisure Finance, Inc., 6.00%, 08/01/29(b)

       706        593,283  

Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer(b)

       

4.25%, 10/15/27

       2,522        2,258,047  

6.75%, 10/15/27

         12,795        11,899,499  

6.75%, 04/15/28

       3,437        3,316,892  

5.88%, 11/01/29

       6,012        5,206,504  

AmWINS Group, Inc., 4.88%, 06/30/29(b)

       1,494        1,309,086  

Ardonagh Midco 2 PLC, (11.50% Cash or 12.75% PIK), 11.50%, 01/15/27(b)(h)

       284        277,770  

Galaxy Bidco Ltd., 6.50%, 07/31/26(c)

    GBP        100        112,859  

GTCR AP Finance, Inc., 8.00%, 05/15/27(b)

    USD        1,586        1,558,972  

HUB International Ltd.(b)

       

7.00%, 05/01/26

       6,223        6,209,323  

7.25%, 06/15/30

       8,297        8,281,817  

Jones Deslauriers Insurance Management, Inc.(b)

       

8.50%, 03/15/30

       2,698        2,717,806  

10.50%, 12/15/30

       1,397        1,421,356  

Liberty Mutual Group, Inc., (5-year EUR Swap + 3.70%), 3.63%, 05/23/59(a)(c)

    EUR        100        100,456  

NFP Corp., 8.50%, 10/01/31

    USD        995        996,510  

Ryan Specialty LLC, 4.38%, 02/01/30(b)

       168        146,298  
       

 

 

 
               46,406,478  
Interactive Media & Services — 0.1%         

Cablevision Lightpath LLC, 5.63%, 09/15/28(b)

       1,201        921,688  

iliad SA(c)

       

5.38%, 06/14/27

    EUR        100        102,744  

5.63%, 02/15/30

       100        100,703  

United Group BV, 4.00%, 11/15/27(c)

       100        91,981  
       

 

 

 
          1,217,116  
Internet Software & Services — 1.7%         

ANGI Group LLC, 3.88%, 08/15/28(b)

    USD        869        679,971  

Go Daddy Operating Co. LLC/GD Finance Co., Inc., 3.50%, 03/01/29(b)

       298        250,723  

Match Group Holdings II LLC(b)
4.63%, 06/01/28

       2,149        1,926,611  

5.63%, 02/15/29

       2,261        2,085,772  

4.13%, 08/01/30

       872        719,540  
 

 

 

9  


Consolidated Schedule of Investments (unaudited) (continued)

September 30, 2023

  

BlackRock Corporate High Yield Fund, Inc. (HYT)

(Percentages shown are based on Net Assets)

 

Security           Par
(000)
     Value  

Internet Software & Services (continued)

 

Match Group Holdings II LLC(b) (continued)
3.63%, 10/01/31

    USD        464      $ 366,152  

Uber Technologies, Inc.
7.50%, 05/15/25(b)

       2,820        2,837,625  

0.00%, 12/15/25(l)(m)

       1,757        1,639,134  

8.00%, 11/01/26(b)

       2,453        2,481,835  

7.50%, 09/15/27(b)

       2,568        2,589,325  

6.25%, 01/15/28(b)

       1,356        1,325,985  

4.50%, 08/15/29(b)

       5,966        5,332,749  
       

 

 

 
               22,235,422  
IT Services — 2.4%                    

Ahead DB Holdings LLC, 6.63%, 05/01/28(b)

       886        748,386  

Atos SE(c)
0.00%, 11/06/24(l)(m)

    EUR        200        176,743  

2.50%, 11/07/28

       100        71,828  

Banff Merger Sub, Inc., 8.38%, 09/01/26(c)

       100        103,860  

Booz Allen Hamilton, Inc., 4.00%, 07/01/29(b)

    USD        2,334        2,058,588  

CA Magnum Holdings, 5.38%, 10/31/26(b)

           2,652        2,339,966  

Camelot Finance SA, 4.50%, 11/01/26(b)

       334        308,345  

Central Parent LLC/CDK Global II LLC/CDK Financing Co, Inc., 8.00%, 06/15/29

       2,401        2,392,116  

Dun & Bradstreet Corp., 5.00%, 12/15/29(b)

       5,191        4,475,356  

Engineering - Ingegneria Informatica - SpA, 11.13%, 05/15/28(c)

    EUR        100        105,646  

Gartner, Inc., 4.50%, 07/01/28(b)

    USD        105        95,793  

KBR, Inc., 4.75%, 09/30/28(b)

       1,160        1,020,800  

La Financiere Atalian SASU, 5.13%, 05/15/25(c)

    EUR        200        155,204  

McAfee Corp., 7.38%, 02/15/30(b)

    USD        6,948        5,816,816  

Presidio Holdings, Inc., 4.88%, 02/01/27(b)

       265        244,983  

Science Applications International Corp., 4.88%, 04/01/28(b)

       1,024        929,331  

Twilio, Inc.

       

3.63%, 03/15/29

       4,541        3,801,468  

3.88%, 03/15/31

       2,101        1,708,287  

ZoomInfo Technologies LLC/ZoomInfo Finance
Corp., 3.88%, 02/01/29(b)

       5,864        4,887,321  
       

 

 

 
          31,440,837  
Leisure Products — 0.1%                    

Acushnet Co., 7.38%, 10/15/28

       449        452,368  

Mattel, Inc.
6.20%, 10/01/40

       169        150,523  

5.45%, 11/01/41

       484        399,216  
       

 

 

 
          1,002,107  
Life Sciences Tools & Services — 0.4%         

Star Parent, Inc., 9.00%, 10/01/30

       4,632        4,680,649  
       

 

 

 
Machinery — 1.9%                    

Chart Industries, Inc.(b)

       

7.50%, 01/01/30

       3,372        3,390,478  

9.50%, 01/01/31

       502        533,529  

GrafTech Global Enterprises, Inc., 9.88%, 12/15/28

       1,846        1,749,085  

Husky III Holding Ltd., (13.00% Cash or 13.75% PIK), 13.00%, 02/15/25(b)(h)

       1,662        1,645,413  

IMA Industria Macchine Automatiche SpA, 3.75%, 01/15/28(c)

    EUR        100        93,461  

Madison IAQ LLC, 5.88%, 06/30/29(b)

    USD        1,905        1,533,986  

OT Merger Corp., 7.88%, 10/15/29(b)

       621        380,005  

Renk AG/Frankfurt am Main, 5.75%, 07/15/25(c)

    EUR        129        135,349  
Security           Par
(000)
     Value  
Machinery (continued)                    

Terex Corp., 5.00%, 05/15/29(b)

    USD        1,766      $ 1,581,497  

Titan Acquisition Ltd./Titan Co.-Borrower LLC, 7.75%, 04/15/26(b)

       4,803        4,706,940  

TK Elevator Holdco GmbH
6.63%, 07/15/28(c)

    EUR        900        829,016  

7.63%, 07/15/28(b)

    USD        2,845        2,589,598  

TK Elevator Midco GmbH, 4.38%, 07/15/27(c)

    EUR        992        948,842  

TK Elevator U.S. Newco, Inc., 5.25%, 07/15/27(b)

    USD        4,835        4,431,415  
       

 

 

 
               24,548,614  
Media — 11.6%                    

Altice Financing SA
5.00%, 01/15/28(b)

           3,071        2,622,275  

4.25%, 08/15/29(c)

    EUR        101        88,629  

AMC Networks, Inc.,
4.75%, 08/01/25

    USD        1,038        957,629  

Banijay Entertainment SASU
7.00%, 05/01/29(c)

    EUR        113        118,417  

8.13%, 05/01/29(b)

    USD        480        476,405  

Cable One, Inc.
0.00%, 03/15/26(l)(m)

       475        388,550  

1.13%, 03/15/28(l)

       1,164        866,016  

4.00%, 11/15/30(b)

       2,710        2,064,478  

CCO Holdings LLC/CCO Holdings Capital Corp.(b)
4.75%, 03/01/30

       492        413,010  

4.25%, 02/01/31

       1,212        964,799  

7.38%, 03/01/31

       22,351        21,587,242  

4.75%, 02/01/32

       3,977        3,181,600  

4.25%, 01/15/34

       79        58,166  

Clear Channel International BV, 6.63%, 08/01/25(b)

       2,360        2,333,090  

Clear Channel Outdoor Holdings, Inc.
5.13%, 08/15/27(b)

       1,421        1,261,837  

9.00%, 09/15/28

       3,629        3,593,944  

7.50%, 06/01/29(b)

       9,625        7,359,602  

CMG Media Corp., 8.88%, 12/15/27(b)

       1,482        1,159,991  

Connect Finco SARL/Connect U.S. Finco LLC, 6.75%, 10/01/26(b)

       9,224        8,603,204  

CSC Holdings LLC(b)
5.50%, 04/15/27

       2,570        2,202,683  

11.25%, 05/15/28

       8,654        8,620,135  

6.50%, 02/01/29

       205        169,829  

4.13%, 12/01/30

       5,359        3,792,640  

DISH DBS Corp., 5.75%, 12/01/28(b)

       5,230        4,020,562  

DISH Network Corp., 11.75%, 11/15/27(b)

       4,800        4,835,837  

Eutelsat SA, 1.50%, 10/13/28(c)

    EUR        200        156,459  

Frontier Communications Holdings LLC(b)
5.00%, 05/01/28

    USD        345        294,569  

8.75%, 05/15/30

       12,473        11,842,805  

GCI LLC, 4.75%, 10/15/28(b)

       498        429,525  

Global Switch Holdings Ltd., 2.25%, 05/31/27(c)

    EUR        106        103,213  

Gray Television, Inc.(b)
5.88%, 07/15/26

    USD        933        838,281  

7.00%, 05/15/27

       1,087        934,820  

Hughes Satellite Systems Corp., 5.25%, 08/01/26

       383        344,388  

Iliad Holding SASU(b)
6.50%, 10/15/26

       7,379        6,932,666  

7.00%, 10/15/28

       941        856,570  

LCPR Senior Secured Financing DAC, 6.75%, 10/15/27(b)

       4,217        3,873,314  
 

 

 

O N S O L I D A T E D    C H E D U L E     O F    N V E S T M E N T S   10


Consolidated Schedule of Investments (unaudited) (continued)

September 30, 2023

  

BlackRock Corporate High Yield Fund, Inc. (HYT)

(Percentages shown are based on Net Assets)

 

Security           Par
(000)
     Value  
Media (continued)                    

Ligado Networks LLC, (15.50% PIK), 15.50%, 11/01/23(b)(h)

    USD        1,228      $ 441,935  

Lions Gate Capital Holdings LLC, 5.50%, 04/15/29(b)

       1,076        709,414  

Live Nation Entertainment, Inc.(b)
5.63%, 03/15/26

       104        99,854  

6.50%, 05/15/27

       8,159        8,044,704  

4.75%, 10/15/27

       3,015        2,760,609  

3.75%, 01/15/28

       799        705,118  

Lorca Telecom Bondco SA, 4.00%, 09/18/27(c)

    EUR        274        268,838  

Midcontinent Communications/Midcontinent Finance Corp., 5.38%, 08/15/27(b)

    USD        972        899,100  

Nexstar Media, Inc., 5.63%, 07/15/27(b)

       275        244,727  

Odeon Finco PLC, 12.75%, 11/01/27(b)

       303        301,324  

Outfront Media Capital LLC/Outfront Media Capital Corp.(b)

       

5.00%, 08/15/27

       1,625        1,431,757  

4.25%, 01/15/29

       1,148        910,961  

4.63%, 03/15/30

       1,362        1,070,682  

Pinewood Finance Co. Ltd., 3.63%, 11/15/27(c)

    GBP        100        106,156  

Radiate Holdco LLC/Radiate Finance, Inc., 6.50%, 09/15/28(b)

    USD        4,185        2,197,125  

RCS & RDS SA, 2.50%, 02/05/25(c)

    EUR        200        202,673  

Sable International Finance Ltd., 5.75%, 09/07/27(b)

    USD        539        487,121  

SES SA, (5-year EUR Swap + 5.40%), 5.63%(a)(c)(j)

    EUR        100        104,980  

Sinclair Television Group, Inc., 4.13%, 12/01/30(b)

    USD        549        340,418  

Sirius XM Radio, Inc., 5.00%, 08/01/27(b)

           6,532        5,966,329  

Stagwell Global LLC, 5.63%, 08/15/29(b)

       553        446,548  

Summer BC Holdco B SARL, 5.75%, 10/31/26(c)

    EUR        100        96,871  

Summer BidCo BV, (9.00% Cash or 9.75% PIK), 9.00%, 11/15/25(c)(h)

       295        300,844  

TEGNA, Inc., 4.75%, 03/15/26(b)

       240        227,400  

Tele Columbus AG, 3.88%, 05/02/25(c)

    EUR        285        173,257  

Telenet Finance Luxembourg Notes SARL, 5.50%, 03/01/28(b)

    USD        2,000        1,800,000  

Univision Communications, Inc.(b)
6.63%, 06/01/27

       1,630        1,518,063  

8.00%, 08/15/28

       1,813        1,757,703  

7.38%, 06/30/30

       892        815,196  

UPC Broadband Finco BV, 4.88%, 07/15/31(b)

       1,894        1,536,943  

UPC Holding BV, 3.88%, 06/15/29(c)

    EUR        100        87,370  

Virgin Media Secured Finance PLC, 5.00%, 04/15/27(c)

    GBP        142        160,508  

Virgin Media Vendor Financing Notes III DAC, 4.88%, 07/15/28(c)

       100        101,268  

Virgin Media Vendor Financing Notes IV DAC, 5.00%, 07/15/28(b)

    USD        2,360        2,036,492  

VZ Secured Financing BV, 3.50%, 01/15/32(c)

    EUR        170        137,913  

Warnermedia Holdings, Inc.
5.14%, 03/15/52

    USD        2,611        1,940,079  

5.39%, 03/15/62

       1,336        986,748  

Ziggo Bond Co. BV(b)
6.00%, 01/15/27

       291        266,408  

5.13%, 02/28/30

       868        647,541  

Ziggo BV, 4.88%, 01/15/30(b)

       1,165        949,072  
       

 

 

 
             151,627,229  
Security           Par
(000)
     Value  

Metals & Mining — 3.8%

       

Arsenal AIC Parent LLC, 8.00%, 10/01/30(b)

    USD        730      $ 726,365  

ATI, Inc.
5.88%, 12/01/27

       1,060        1,004,350  

4.88%, 10/01/29

       550        483,853  

7.25%, 08/15/30

       2,764        2,743,270  

5.13%, 10/01/31

       1,063        919,875  

Big River Steel LLC/BRS Finance Corp., Series L, 6.63%, 01/31/29(b)

       6,251        6,176,238  

Carpenter Technology Corp.
6.38%, 07/15/28

       379        365,532  

7.63%, 03/15/30

       1,152        1,153,440  

Constellium SE
4.25%, 02/15/26(c)

    EUR        394        406,205  

5.63%, 06/15/28(b)

    USD            4,620        4,346,595  

3.75%, 04/15/29(b)

       6,457        5,410,428  

ERO Copper Corp., 6.50%, 02/15/30(b)

       1,008        870,045  

First Quantum Minerals Ltd., 8.63%, 06/01/31(b)

       1,764        1,755,180  

Kaiser Aluminum Corp.(b)
4.63%, 03/01/28

       5,292        4,620,921  

4.50%, 06/01/31

       3,179        2,518,177  

Mineral Resources Ltd., 9.25%, 10/01/28

       155        156,550  

New Gold, Inc., 7.50%, 07/15/27(b)

       2,345        2,189,020  

Novelis Corp.(b)
3.25%, 11/15/26

       1,794        1,602,215  

4.75%, 01/30/30

       7,524        6,511,644  

3.88%, 08/15/31

       6,036        4,820,255  

Novelis Sheet Ingot GmbH, 3.38%, 04/15/29(c)

    EUR        1,029        938,075  

Vedanta Resources Finance II PLC, 8.95%, 03/11/25(b)

    USD        577        423,968  
       

 

 

 
               50,142,201  
Mortgage Real Estate Investment Trusts (REITs) — 0.0%  

Starwood Property Trust, Inc., 5.50%, 11/01/23(b)

       157        156,680  
       

 

 

 
Multi-Utilities — 0.1%                    

AmeriGas Partners LP/AmeriGas Finance Corp., 9.38%, 06/01/28(b)

       1,593        1,614,904  

UGI International LLC, 2.50%, 12/01/29(c)

    EUR        100        87,200  
       

 

 

 
          1,702,104  
Offshore Drilling & Other Services(b) — 0.6%         

Entegris Escrow Corp., 4.75%, 04/15/29

    USD        8,811        7,921,162  

Entegris, Inc., 4.38%, 04/15/28

       511        454,829  
       

 

 

 
          8,375,991  
Oil, Gas & Consumable Fuels — 16.0%         

Aethon United BR LP/Aethon United Finance Corp., 8.25%, 02/15/26(b)

       3,665        3,636,083  

Antero Midstream Partners LP/Antero Midstream Finance Corp., 5.75%, 03/01/27(b)

       2,034        1,941,359  

Antero Resources Corp., 7.63%, 02/01/29(b)

       410        415,517  

Apache Corp., 5.35%, 07/01/49

       265        203,023  

Arcosa, Inc., 4.38%, 04/15/29(b)

       1,988        1,734,933  

Ascent Resources Utica Holdings LLC/ARU Finance Corp.(b)

       

Series B, 9.00%, 11/01/27

       3,140        3,956,400  

Series B, 8.25%, 12/31/28

       4,696        4,647,131  

Series B, 5.88%, 06/30/29

       1,814        1,631,175  

Baytex Energy Corp., 8.50%, 04/30/30(b)

       756        764,941  

Buckeye Partners LP

       

4.13%, 03/01/25(b)

       34        32,297  

5.85%, 11/15/43

       816        595,676  
 

 

 

11  


Consolidated Schedule of Investments (unaudited) (continued)

September 30, 2023

  

BlackRock Corporate High Yield Fund, Inc. (HYT)

(Percentages shown are based on Net Assets)

 

Security   Par
(000)
    Value  

Oil, Gas & Consumable Fuels (continued)

 

 

Buckeye Partners LP (continued)
5.60%, 10/15/44

    USD       553     $ 393,475  

Callon Petroleum Co.
6.38%, 07/01/26

      929       911,731  

8.00%, 08/01/28(b)

      4,224       4,230,032  

7.50%, 06/15/30(b)

      4,815       4,668,512  

Cellnex Finance Co. SA(c)
1.00%, 09/15/27

    EUR       100       91,557  

1.50%, 06/08/28

      100       91,257  

2.00%, 09/15/32

      100       82,418  

2.00%, 02/15/33

      200       162,862  

Cellnex Telecom SA(c)
1.75%, 10/23/30

      100       85,767  

Series CLNX, 0.75%, 11/20/31(l)

      100       81,086  

Chesapeake Energy Corp., 6.75%, 04/15/29(b)

    USD           2,403              2,351,583  

CITGO Petroleum Corp.(b)
7.00%, 06/15/25

      2,745       2,704,176  

8.38%, 01/15/29

      2,678       2,674,520  

Civitas Resources, Inc.(b)
8.38%, 07/01/28

      4,296       4,371,180  

8.75%, 07/01/31

      3,369       3,441,329  

CNX Midstream Partners LP, 4.75%, 04/15/30(b)

      520       432,843  

CNX Resources Corp., 7.38%, 01/15/31(b)

      473       463,706  

Comstock Resources, Inc.(b)
6.75%, 03/01/29

      4,211       3,873,666  

5.88%, 01/15/30

      1,377       1,191,973  

CQP Holdco LP/BIP-V Chinook Holdco LLC,
5.50%, 06/15/31(b)

      7,148       6,335,616  

Crescent Energy Finance LLC(b)
7.25%, 05/01/26

      5,449       5,340,020  

9.25%, 02/15/28

      2,427       2,477,846  

Crestwood Midstream Partners LP/Crestwood Midstream Finance
Corp.(b)

     

6.00%, 02/01/29

      1,687       1,628,461  

8.00%, 04/01/29

      265       271,820  

7.38%, 02/01/31

      921       937,992  

CrownRock LP/CrownRock Finance, Inc.(b)
5.63%, 10/15/25

      3,586       3,528,445  

5.00%, 05/01/29

      240       224,870  

Diamond Foreign Asset Co./Diamond Finance LLC, 8.50%, 10/01/30

      1,138       1,138,159  

DT Midstream, Inc., 4.13%, 06/15/29(b)

      4,234       3,662,586  

Dycom Industries, Inc., 4.50%, 04/15/29(b)

      90       77,850  

Earthstone Energy Holdings LLC(b)
8.00%, 04/15/27

      1,407       1,440,093  

9.88%, 07/15/31

      1,614       1,755,179  

eG Global Finance PLC(b)
6.75%, 02/07/25

      1,070       1,051,275  

8.50%, 10/30/25

      1,467       1,443,785  

Enbridge, Inc., (5-year CMT + 4.43%), 8.50%, 01/15/84

      1,023       1,014,582  

Energy Transfer LP, Series H, (5-year CMT + 5.69%), 6.50%(a)(j)

      2,326       2,137,246  

EnLink Midstream LLC 5.63%, 01/15/28(b)

      1,303       1,231,967  

5.38%, 06/01/29

      706       653,051  

6.50%, 09/01/30(b)

      3,361       3,260,277  

EnLink Midstream Partners LP, 5.60%, 04/01/44

      1,301       1,079,830  

EnQuest PLC, 11.63%, 11/01/27(b)

      200       188,494  

EQM Midstream Partners LP 6.00%, 07/01/25(b)

      634       624,156  
Security   Par
(000)
    Value  

Oil, Gas & Consumable Fuels (continued)

     

EQM Midstream Partners LP (continued)
4.13%, 12/01/26

    USD       361     $ 334,161  

6.50%, 07/01/27(b)

      1,843       1,799,647  

7.50%, 06/01/30(b)

      1,558       1,564,617  

FTAI Infra Escrow Holdings LLC, 10.50%, 06/01/27(b)

      540       537,300  

Genesis Energy LP/Genesis Energy Finance Corp.
6.50%, 10/01/25

      667       655,537  

7.75%, 02/01/28

      275       260,691  

8.88%, 04/15/30

      512       499,911  

Gulfport Energy Corp., 8.00%, 05/17/26(b)

      152       152,190  

Harbour Energy PLC, 5.50%, 10/15/26(b)

      420       391,650  

Harvest Midstream I LP, 7.50%, 09/01/28(b)

      315       304,489  

Hess Midstream Operations LP, 4.25%, 02/15/30(b)

      1,313              1,107,172  

Hilcorp Energy I LP/Hilcorp Finance Co.(b)
6.25%, 11/01/28

      514       481,986  

5.75%, 02/01/29

      1,299       1,172,989  

6.00%, 04/15/30

      130       117,215  

Howard Midstream Energy Partners LLC, 8.88%, 07/15/28(b)

      1,391       1,403,171  

Infrastrutture Wireless Italiane SpA, 1.63%, 10/21/28(c)

    EUR       200       184,779  

ITT Holdings LLC, 6.50%, 08/01/29(b)

    USD           1,889       1,601,161  

Kinetik Holdings LP, 5.88%, 06/15/30(b)

      1,274       1,194,375  

Magnolia Oil & Gas Operating LLC/Magnolia Oil & Gas Finance Corp., 6.00%, 08/01/26(b)

      135       130,292  

Matador Resources Co.
5.88%, 09/15/26

      2,078       2,005,533  

6.88%, 04/15/28(b)

      3,215       3,156,624  

Murphy Oil Corp.
5.75%, 08/15/25

      129       128,838  

5.88%, 12/01/42

      141       113,994  

Nabors Industries Ltd.(b)
7.25%, 01/15/26

      596       575,885  

7.50%, 01/15/28

      1,164       1,076,104  

Nabors Industries, Inc.
5.75%, 02/01/25

      3,806       3,725,122  

7.38%, 05/15/27(b)

      815       788,412  

Neptune Energy Bondco PLC, 6.63%, 05/15/25(b)

      200       198,100  

New Fortress Energy, Inc.(b)
6.75%, 09/15/25

      3,606       3,442,309  

6.50%, 09/30/26

      1,368       1,259,562  

NGL Energy Operating LLC/NGL Energy Finance Corp., 7.50%, 02/01/26(b)

      1,590       1,572,570  

Noble Finance II LLC, 8.00%, 04/15/30(b)

      1,620       1,641,186  

Northern Oil and Gas, Inc.(b)
8.13%, 03/01/28

      6,436       6,428,277  

8.75%, 06/15/31

      1,719       1,731,893  

NuStar Logistics LP, 6.00%, 06/01/26

      1,631       1,582,425  

Occidental Petroleum Corp., 6.20%, 03/15/40

      769       733,015  

PBF Holding Co. LLC/PBF Finance Corp., 7.88%, 09/15/30(b)

      709       706,146  

PDC Energy, Inc., 5.75%, 05/15/26

      134       133,538  

Permian Resources Operating LLC(b)
7.75%, 02/15/26

      1,419       1,428,187  

6.88%, 04/01/27

      1,827       1,800,915  

5.88%, 07/01/29

      2,147       2,019,651  

Precision Drilling Corp., 6.88%, 01/15/29(b)

      76       71,987  

Rockcliff Energy II LLC, 5.50%, 10/15/29(b)

      607       546,279  

Rockies Express Pipeline LLC, 4.95%, 07/15/29(b)

      452       402,593  
 

 

 

O N S O L I D A T E D    C H E D U L E     O F    N V E S T M E N T S   12


Consolidated Schedule of Investments (unaudited) (continued)

September 30, 2023

  

BlackRock Corporate High Yield Fund, Inc. (HYT)

(Percentages shown are based on Net Assets)

 

Security   Par
(000)
    Value  

Oil, Gas & Consumable Fuels (continued)

 

 

Sitio Royalties Operating Partnership LP/Sitio Finance Corp., 7.88%, 11/01/28

    USD       1,771     $ 1,775,427  

SM Energy Co.
5.63%, 06/01/25

      933       913,127  

6.75%, 09/15/26

      659       646,888  

6.63%, 01/15/27

      85       83,300  

6.50%, 07/15/28

      548       526,080  

Southwestern Energy Co.
5.38%, 02/01/29

      800       736,790  

4.75%, 02/01/32

      2,256              1,936,298  

Sunoco LP/Sunoco Finance Corp.
6.00%, 04/15/27

      238       230,678  

5.88%, 03/15/28

      352       337,679  

7.00%, 09/15/28

      1,009       995,625  

Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp.(b)
7.50%, 10/01/25

      74       73,798  

5.50%, 01/15/28

      1,520       1,383,200  

6.00%, 12/31/30

      171       150,943  

6.00%, 09/01/31

      686       597,970  

Transocean Aquila Ltd.,
8.00%, 09/30/28(b)(k)

      670       670,000  

Transocean Titan Financing Ltd.,
8.38%, 02/01/28(b)

      518       527,065  

Transocean, Inc.(b)
7.50%, 01/15/26

      3,208       3,135,242  

11.50%, 01/30/27

      3,111       3,262,661  

8.00%, 02/01/27

      1,425       1,371,562  

8.75%, 02/15/30

      4,324       4,421,699  

Valaris Ltd., 8.38%, 04/30/30(b)

      4,059       4,062,044  

Vantage Drilling International, 9.50%, 02/15/28(b)

      2,353       2,305,940  

Venture Global Calcasieu Pass LLC(b)
3.88%, 08/15/29

      4,589       3,861,543  

4.13%, 08/15/31

      34       27,901  

3.88%, 11/01/33

      7,416       5,757,969  

Venture Global LNG, Inc.(b)
8.13%, 06/01/28

      6,959       6,890,404  

8.38%, 06/01/31

      10,557       10,378,187  

Vermilion Energy, Inc., 6.88%, 05/01/30(b)

      807       763,581  

Vital Energy, Inc.
10.13%, 01/15/28

      1,179       1,201,703  

9.75%, 10/15/30

      1,180       1,206,294  

Western Midstream Operating LP
5.45%, 04/01/44

      1,001       806,912  

5.30%, 03/01/48

      1,851       1,444,784  

5.50%, 08/15/48

      703       558,968  

5.25%, 02/01/50

          2,857       2,225,700  
     

 

 

 
        209,796,248  
Passenger Airlines — 1.2%                  

Air France-KLM, 8.13%, 05/31/28(c)

    EUR       100       110,069  

Allegiant Travel Co., 7.25%, 08/15/27(b)

    USD       350       329,437  

American Airlines, Inc.(b)
11.75%, 07/15/25

      273       293,473  

7.25%, 02/15/28

      345       329,857  

American Airlines, Inc./AAdvantage Loyalty IP Ltd.(b)
5.50%, 04/20/26

      604       589,732  

5.75%, 04/20/29

      4,463       4,150,638  

Deutsche Lufthansa AG, 3.50%, 07/14/29(c)

    EUR       100       93,588  
Security   Par
(000)
    Value  

Passenger Airlines (continued)

     

Hawaiian Brand Intellectual Property Ltd./HawaiianMiles Loyalty Ltd., 5.75%, 01/20/26(b)

    USD       323     $ 290,654  

International Consolidated Airlines Group SA, 3.75%, 03/25/29(c)

    EUR       100       91,461  

Mileage Plus Holdings LLC/Mileage Plus Intellectual Property Assets Ltd., 6.50%, 06/20/27(b)

    USD       2,443       2,420,470  

Spirit Loyalty Cayman Ltd./Spirit IP Cayman Ltd., 8.00%, 09/20/25(b)

      685       684,644  

United Airlines Pass-Through Trust, Series 2020-1, Class B, 4.88%, 07/15/27

      181       175,240  

United Airlines, Inc.(b)
4.38%, 04/15/26

      215       198,830  

4.63%, 04/15/29

      6,123       5,262,906  

VistaJet Malta Finance PLC/Vista Management Holding, Inc.(b)

     

7.88%, 05/01/27

      700       602,875  

6.38%, 02/01/30

      862       665,770  
     

 

 

 
             16,289,644  
Personal Care Products — 0.1%                  

Coty, Inc.
3.88%, 04/15/26(c)

    EUR       106       109,172  

5.75%, 09/15/28

      100       106,217  

Coty, Inc./HFC Prestige Products, Inc./HFC Prestige International U.S. LLC(b)
Series 2020, 4.75%, 01/15/29

    USD       83       74,847  

Series 2020, 6.63%, 07/15/30

      1,364       1,331,728  
     

 

 

 
        1,621,964  
Pharmaceuticals — 0.9%                  

Bayer AG, (5-year EUR Swap + 3.75%), 4.50%, 03/25/82(a)(c)

    EUR       200       197,692  

Cheplapharm Arzneimittel GmbH
5.50%, 01/15/28(b)

    USD       743       674,146  

Series SEP, 7.50%, 05/15/30(c)

    EUR       105       111,138  

Grifols Escrow Issuer SA, 3.88%, 10/15/28(c)

      100       89,500  

Gruenenthal GmbH, 4.13%, 05/15/28(c)

      117       114,118  

Option Care Health, Inc., 4.38%, 10/31/29(b)

    USD           1,054       910,393  

Organon & Co./Organon Foreign Debt Co-Issuer BV(b)
4.13%, 04/30/28

      400       347,563  

5.13%, 04/30/31

      1,400       1,121,894  

Rossini SARL, 6.75%, 10/30/25(c)

    EUR       101       106,729  

Teva Pharmaceutical Finance Netherlands II BV
3.75%, 05/09/27

      100       95,727  

7.38%, 09/15/29

      192       206,333  

7.88%, 09/15/31

      100       109,480  

Teva Pharmaceutical Finance Netherlands III BV
3.15%, 10/01/26

    USD       4,163       3,701,677  

4.75%, 05/09/27

      513       469,657  

6.75%, 03/01/28

      531       522,849  

7.88%, 09/15/29

      1,670       1,690,608  

8.13%, 09/15/31

      912       936,989  
     

 

 

 
        11,406,493  
Real Estate — 0.1%                  

VICI Properties LP, 5.63%, 05/15/52

      868       718,786  
     

 

 

 
Real Estate Management & Development — 0.6%        

Adler Financing SARL, 12.50%, 06/30/25(h)

    EUR       120       135,104  

Adler Group SA, 21.00%, 07/31/25

      100       105,725  
 

 

 

13  


Consolidated Schedule of Investments (unaudited) (continued)

September 30, 2023

  

BlackRock Corporate High Yield Fund, Inc. (HYT)

(Percentages shown are based on Net Assets)

 

Security   Par
(000)
    Value  

Real Estate Management & Development (continued)

 

Agps Bondco PLC(c)(f)(i)

     

6.00%, 08/05/25

    EUR       200     $ 91,431  

5.50%, 11/13/26

      200       83,755  

Anywhere Real Estate Group LLC / Anywhere Co-Issuer Corp., 7.00%, 04/15/30(b)

    USD       1,314       1,186,008  

Anywhere Real Estate Group LLC/Anywhere Co.- Issuer Corp., Series AI, 7.00%, 04/15/30

      1,781              1,607,172  

Aroundtown SA, (5-year GBP Swap + 4.38%), 4.75%(a)(c)(j)

    GBP       215       113,624  

Cushman & Wakefield U.S. Borrower LLC

     

6.75%, 05/15/28(b)

    USD       1,451       1,338,693  

8.88%, 09/01/31

      785       759,487  

DEMIRE Deutsche Mittelstand Real Estate AG, 1.88%, 10/15/24(c)

    EUR       100       74,007  

Greystar Real Estate Partners LLC, 7.75%, 09/01/30

    USD       111       109,655  

Heimstaden Bostad AB, (5-year EUR Swap + 3.15%), 2.63%(a)(c)(j)

    EUR       375       171,473  

Heimstaden Bostad Treasury BV, 1.38%, 03/03/27 .

      100       84,939  

Howard Hughes Corp., 4.38%, 02/01/31(b)

    USD       2,347       1,800,801  

SBB Treasury OYJ(c)

     

0.75%, 12/14/28

    EUR       156       95,180  

1.13%, 11/26/29

      100       60,152  

Starwood Property Trust, Inc., 4.38%, 01/15/27(b)

    USD       190       165,728  

Vivion Investments SARL, 3.00%, 08/08/24(c)

    EUR       100       96,210  
     

 

 

 
        8,079,144  
Retail REITs — 0.1%                  

Brookfield Property REIT, Inc./BPR Cumulus LLC/BPR Nimbus LLC/GGSI Sellco LLC, 4.50%, 04/01/27(b)

    USD       866       721,690  
     

 

 

 
Semiconductors & Semiconductor Equipment — 0.5%  

NCR Atleos Escrow Corp., 9.50%, 04/01/29

      1,181       1,142,263  

Sensata Technologies BV, 5.88%, 09/01/30(b)

      1,209       1,126,333  

Sensata Technologies, Inc., 4.38%, 02/15/30(b)

      3,152       2,721,769  

Synaptics, Inc., 4.00%, 06/15/29(b)

      1,613       1,330,725  
     

 

 

 
        6,321,090  
Software — 4.5%                  

Alteryx, Inc., 8.75%, 03/15/28(b)

      1,309       1,303,157  

Boxer Parent Co., Inc.

     

6.50%, 10/02/25(c)

    EUR       173       181,212  

7.13%, 10/02/25(b)

    USD           3,099       3,083,508  

9.13%, 03/01/26(b)

      4,443       4,430,560  

Capstone Borrower, Inc., 8.00%, 06/15/30(b)

      1,656       1,616,670  

Central Parent, Inc./CDK Global, Inc., 7.25%, 06/15/29(b)

      5,647       5,474,837  

Cloud Software Group, Inc.(b)

     

6.50%, 03/31/29

      17,879       15,810,949  

9.00%, 09/30/29

      7,891       6,857,285  

Consensus Cloud Solutions, Inc.(b)

     

6.00%, 10/15/26

      386       355,293  

6.50%, 10/15/28

      475       404,814  

Crowdstrike Holdings, Inc., 3.00%, 02/15/29

      138       116,234  

Elastic NV, 4.13%, 07/15/29(b)

      3,665       3,121,317  

Helios Software Holdings, Inc./ION Corporate Solutions Finance SARL, 4.63%, 05/01/28(b)

      400       344,392  

Iron Mountain Information Management Services, Inc., 5.00%, 07/15/32(b)

      676       555,626  

MicroStrategy, Inc., 6.13%, 06/15/28(b)

      2,441       2,167,950  

Open Text Corp., 6.90%, 12/01/27(b)

      5,026       5,037,439  
Security   Par
(000)
    Value  
Software (continued)  

Playtika Holding Corp., 4.25%, 03/15/29(b)

    USD       421     $ 351,535  

Sabre GLBL, Inc., 8.63%, 06/01/27

      2,275       1,928,760  

SS&C Technologies, Inc., 5.50%, 09/30/27(b)

      6,469       6,104,408  

Veritas U.S., Inc./Veritas Bermuda Ltd., 7.50%, 09/01/25(b)

      165       137,860  
     

 

 

 
             59,383,806  
Specialized REITs — 0.3%                  

Uniti Group LP/Uniti Group Finance, Inc./CSL Capital LLC, 10.50%, 02/15/28(b)

      4,056       3,972,660  
     

 

 

 
Specialty Retail — 0.3%                  

Goldstory SASU, 5.38%, 03/01/26(c)

    EUR       100       102,514  

PetSmart, Inc./PetSmart Finance Corp., 7.75%, 02/15/29(b)

    USD       3,269       3,046,344  

Staples, Inc., 7.50%, 04/15/26(b)

      830       682,545  
     

 

 

 
        3,831,403  
Technology Hardware, Storage & Peripherals(b) — 0.3%  

Seagate HDD Cayman

     

8.25%, 12/15/29

      1,902       1,953,350  

8.50%, 07/15/31

      2,409       2,471,114  
     

 

 

 
        4,424,464  
Textiles, Apparel & Luxury Goods — 0.2%                  

Crocs, Inc.(b)

     

4.25%, 03/15/29

      217       179,540  

4.13%, 08/15/31

      282       218,182  

European TopSoho SARL, Series SMCP, 4.00%, 09/21/21(c)(f)(i)(l)

    EUR       200       183,141  

Hanesbrands, Inc.(b)

     

4.88%, 05/15/26

    USD       956       876,423  

9.00%, 02/15/31

      604       575,700  

Kontoor Brands, Inc., 4.13%, 11/15/29(b)

      525       433,816  

Levi Strauss & Co., 3.50%, 03/01/31(b)

      318       251,479  
     

 

 

 
        2,718,281  
Trading Companies & Distributors — 0.0%        

Rexel SA, 5.25%, 09/15/30

    EUR       100       104,456  
     

 

 

 
Transportation Infrastructure(c) — 0.1%                  

Azzurra Aeroporti SpA, 2.13%, 05/30/24

      288       297,465  

Gatwick Airport Finance PLC, 4.38%, 04/07/26

    GBP       100       112,920  

Heathrow Finance PLC, 3.88%, 03/01/27(n)

      221       235,937  
     

 

 

 
        646,322  
Utilities — 0.2%                  

Thames Water Utilities Finance PLC, 4.00%, 04/18/27(c)

    EUR       100       98,344  

Vistra Operations Co. LLC(b)

     

7.75%, 10/15/31

    USD           1,690       1,664,725  

6.95%, 10/15/33

      1,110       1,088,727  
     

 

 

 
        2,851,796  
Wireless Telecommunication Services — 1.4%        

Altice France SA, 2.13%, 02/15/25(c)

    EUR       200       198,763  

Altice France SA/France

     

5.88%, 02/01/27(c)

      100       90,730  

8.13%, 02/01/27(b)

    USD       4,746       4,208,735  

5.13%, 01/15/29(b)

      1,181       839,722  

5.50%, 10/15/29(b)

      2,079       1,495,040  

Liberty Costa Rica Senior Secured Finance, 10.88%, 01/15/31(b)

      643       642,544  

SBA Communications Corp.
3.13%, 02/01/29

      3,693       3,080,229  
 

 

 

O N S O L I D A T E D    C H E D U L E     O F    N V E S T M E N T S   14


Consolidated Schedule of Investments (unaudited) (continued)

September 30, 2023

  

BlackRock Corporate High Yield Fund, Inc. (HYT)

(Percentages shown are based on Net Assets)

 

Security   Par
(000)
    Value  
Wireless Telecommunication Services (continued)  

SBA Communications Corp. (continued)
3.88%, 02/15/27

    USD       87     $ 79,716  

VICI Properties LP/VICI Note Co., Inc.(b)

     

4.63%, 12/01/29

          3,379       2,997,342  

4.13%, 08/15/30

      1,219       1,036,613  

Vmed O2 U.K. Financing I PLC

     

4.00%, 01/31/29(c)

    GBP       200       198,876  

4.25%, 01/31/31(b)

    USD       3,172       2,525,879  

4.50%, 07/15/31(c)

    GBP       201       191,602  

4.75%, 07/15/31(b)

    USD       324       261,751  

Vodafone Group PLC(a)(c)

     

(5-year EUR Swap + 3.48%), 3.00%, 08/27/80

    EUR       100       85,658  

(5-year EUR Swap + 3.49%), 6.50%, 08/30/84

      100       106,506  
     

 

 

 
        18,039,706  
     

 

 

 

Total Corporate Bonds — 124.6%
(Cost: $1,701,582,308)

        1,631,473,864  
     

 

 

 

Floating Rate Loan Interests(a)

     
Aerospace & Defense — 0.6%  

Bleriot U.S. Bidco, Inc., 2023 Term Loan B, (3-mo. CME Term SOFR + 4.00%), 9.65%, 10/31/28

    USD       317       317,194  

Dynasty Acquisition Co., Inc., 2023 Term Loan B1, (1-mo. CME Term SOFR + 4.00%), 9.32%, 08/24/28

      1,044       1,040,426  

Peraton Corp.

     

2nd Lien Term Loan B1, (3-mo. CME Term SOFR at 0.75% Floor + 7.75%), 13.23%, 02/01/29

      2,777       2,712,323  

Term Loan B, (1-mo. CME Term SOFR at 0.75% Floor + 3.75%), 9.17%, 02/01/28

      2,872       2,862,768  

Standard Aero Ltd., 2023 Term Loan B2, (1-mo. CME Term SOFR + 4.00%), 9.32%, 08/24/28

      447       445,897  
     

 

 

 
        7,378,608  
Air Freight & Logistics — 0.1%                  

Clue Opco LLC, Term Loan B, 09/20/30(o)

      1,064       1,036,517  
     

 

 

 
Automobile Components — 0.1%                  

Tenneco, Inc., 2022 Term Loan B, (3-mo. CME Term SOFR + 5.00%), 10.48%, 11/17/28

      972       823,041  
     

 

 

 
Beverages — 0.0%                  

Naked Juice LLC

     

2nd Lien Term Loan, (3-mo. CME Term SOFR at 0.50% Floor + 6.00%), 11.49%, 01/24/30

      156       125,922  

Term Loan, (3-mo. CME Term SOFR at 0.50% Floor + 3.25%), 8.74%, 01/24/29

      154       145,563  
     

 

 

 
        271,485  
Broadline Retail — 0.1%                  

PUG LLC, USD Term Loan, (1-mo. CME Term SOFR + 3.50%), 8.93%, 02/12/27

      1,072       1,009,448  
     

 

 

 
Capital Markets — 0.1%                  

Ascensus Holdings, Inc., 2021 2nd Lien Term Loan, (3-mo. CME Term SOFR at 0.50% Floor + 6.50%), 12.03%, 08/02/29

      994       940,024  
     

 

 

 
Security   Par
(000)
    Value  
Chemicals — 0.8%                  

Arc Falcon I, Inc.

     

2021 2nd Lien Term Loan, (1-mo. CME Term SOFR + 7.00%), 12.42%, 09/30/29

    USD           2,814     $        2,522,047  

2021 Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 3.75%), 9.17%, 09/30/28

      1,002       988,899  

Aruba Investments Holdings LLC, 2020 2nd Lien Term Loan, (1-mo. CME Term SOFR at 0.75% Floor + 7.75%), 13.17%, 11/24/28

      443       412,083  

Ascend Performance Materials Operations LLC, 2021 Term Loan B, (3-mo. CME Term SOFR at 0.75% Floor + 4.75%), 10.32%, 08/27/26

      44       42,525  

Discovery Purchaser Corp., Term Loan, (3-mo. CME Term SOFR at 0.50% Floor + 4.38%), 9.77%, 10/04/29

      2,495       2,400,529  

Herens U.S. Holdco Corp., USD Term Loan B, (3-mo. CME Term SOFR + 3.93%), 9.42%, 07/03/28

      622       549,266  

Momentive Performance Materials Inc., 2023 Term Loan, (1-mo. CME Term SOFR + 4.50%), 9.82%, 03/29/28

      1,169       1,135,022  

Nouryon USA LLC, 2023 USD Term Loan B, (1-mo. CME Term SOFR + 4.00%), 9.43%, 04/03/28

      1,248       1,230,190  

Olympus Water U.S. Holding Corp., 2023 Incremental Term Loan, (3-mo. CME Term SOFR at 0.50% Floor + 5.00%), 10.39%, 11/09/28

      129       128,915  

W.R. Grace Holdings LLC, 2021 Term Loan B, (3-mo. CME Term SOFR at 0.50% Floor + 3.75%), 9.40%, 09/22/28

      480       475,277  
     

 

 

 
               9,884,753  
Commercial Services & Supplies — 0.4%                  

Amentum Government Services Holdings LLC, Term Loan B, (1-mo. CME Term SOFR + 4.00%), 9.43%, 01/29/27

      357       353,587  

Garda World Security Corp., 2022 Term Loan B, (3-mo. CME Term SOFR + 4.25%), 9.65%, 02/01/29

      817       815,148  

KDC/ONE Development Corp., Inc., 2023 USD Term Loan B, (1-mo. CME Term SOFR + 5.00%), 10.32%, 08/15/28

      1,012       974,556  

LABL, Inc., 2021 USD 1st Lien Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 5.00%), 10.42%, 10/29/28

      970       966,067  

PECF USS Intermediate Holding III Corp., Term Loan B, (3-mo. CME Term SOFR at 0.50% Floor + 4.25%), 9.88%, 12/15/28

      1,279       1,021,743  

TruGreen LP, 2020 2nd Lien Term Loan, (3-mo. CME Term SOFR at 0.75% Floor + 8.50%), 14.13%, 11/02/28(g)

      868       598,920  
     

 

 

 
        4,730,021  
Communications Equipment — 0.1%                  

Viasat, Inc., 2023 Term Loan, 05/30/30(o)

      1,261       1,167,219  
     

 

 

 
 

 

 

15  


Consolidated Schedule of Investments (unaudited) (continued)

September 30, 2023

  

BlackRock Corporate High Yield Fund, Inc. (HYT)

(Percentages shown are based on Net Assets)

 

Security   Par
(000)
    Value  
Construction & Engineering — 0.5%                  

Brand Industrial Services, Inc., 2023 Term Loan B, (3-mo. CME Term SOFR at 0.50% Floor + 5.50%), 10.87%, 08/01/30

    USD           6,153     $      5,985,700  

Propulsion BC Newco LLC, Term Loan, (3-mo. CME Term SOFR at 0.50% Floor + 3.75%), 9.14%, 09/14/29

      149       148,640  
     

 

 

 
        6,134,340  
Containers & Packaging — 0.2%                  

Mauser Packaging Solutions Holding Co., Term Loan B, (1-mo. CME Term SOFR + 4.00%), 9.33%, 08/14/26

      1,771       1,768,747  

Trident TPI Holdings, Inc., 2023 USD Term Loan, (3-mo. CME Term SOFR at 0.50% Floor + 4.50%), 9.89%, 09/15/28

      1,351       1,346,307  
     

 

 

 
        3,115,054  
Diversified Consumer Services — 0.1%                  

Ascend Learning LLC

     

2021 2nd Lien Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 5.75%), 11.17%, 12/10/29

      657       558,174  

2021 Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 3.50%), 8.92%, 12/11/28

      863       822,004  

WCG Purchaser Corp., 2019 Term Loan, 01/08/27(o)

      (p)       1  
     

 

 

 
        1,380,179  
Diversified Telecommunication Services — 0.6%  

Connect Finco SARL, 2021 Term Loan B, (1-mo. CME Term SOFR at 1.00% Floor + 3.50%), 8.82%, 12/11/26

      (p)       1  

Frontier Communications Holdings LLC, 2021 1st Lien Term Loan, (1-mo. CME Term SOFR at 0.75% Floor + 3.75%), 9.18%, 10/08/27

      697       675,240  

Lumen Technologies, Inc., 2020 Term Loan B, (1-mo. CME Term SOFR + 2.25%), 7.68%, 03/15/27

      1,959       1,391,777  

Northwest Fiber LLC, 2021 Term Loan, (1-mo. CME Term SOFR + 3.75%), 9.18%, 04/30/27

      1,144       1,126,677  

Radiate Holdco LLC, 2021 Term Loan B, (1-mo. CME Term SOFR at 0.75% Floor + 3.25%), 8.68%, 09/25/26

      1,745       1,423,325  

Zayo Group Holdings, Inc., USD Term Loan, (1-mo. CME Term SOFR + 3.00%), 8.43%, 03/09/27

      3,796       3,091,281  
     

 

 

 
        7,708,301  
Electronic Equipment, Instruments & Components — 0.1%  

Ingram Micro, Inc., 2023 Term Loan, 06/30/28(o)

      1,025       1,021,816  
     

 

 

 
Energy Equipment & Services — 0.0%                  

Lealand Finance Co. BV, 2020 Make Whole Term Loan, (1-mo. CME Term SOFR + 3.00%), 8.43%, 06/28/24(g)

      90       63,279  
     

 

 

 
Security   Par
(000)
    Value  
Entertainment — 0.0%                  

Delta 2 Lux SARL, 2022 Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 3.00%), 8.32%, 01/15/30

    USD       138     $        137,862  
     

 

 

 
Financial Services — 0.2%                  
Deerfield Dakota Holding LLC                  

2020 USD Term Loan B, (3-mo. CME Term SOFR at 1.00% Floor + 3.75%), 9.14%, 04/09/27

      200       194,407  

2021 USD 2nd Lien Term Loan, (3-mo. CME Term SOFR at 0.75% Floor + 6.75%), 12.40%, 04/07/28

          1,206       1,133,640  

GIP Pilot Acquisition Partners LP, Term Loan, 09/18/30(g)(o)

      635       632,619  

White Cap Buyer LLC, Term Loan B, (1-mo. CME Term SOFR + 3.75%), 9.07%, 10/19/27

      1,250       1,246,689  
     

 

 

 
        3,207,355  
Food Products — 0.0%                  

Chobani LLC, 2020 Term Loan B, (1-mo. CME Term SOFR at 1.00% Floor + 3.50%), 8.93%, 10/25/27

      269       268,676  
     

 

 

 
Health Care Equipment & Supplies — 0.4%                  

Bausch & Lomb Corp., 2023 Incremental Term Loan, 09/14/28(g)(o)

      1,072       1,057,260  

Bausch and Lomb, Inc., Term Loan, (3-mo. CME Term SOFR at 0.50% Floor + 3.25%), 8.76%, 05/10/27

      1,385       1,344,012  

Chariot Buyer LLC, Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 3.25%), 8.66%, 11/03/28

      676       664,798  

Medline Borrower LP, USD Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 3.25%), 8.68%, 10/23/28

      2,751       2,741,957  
     

 

 

 
        5,808,027  
Health Care Providers & Services — 0.3%                  

EyeCare Partners LLC, 2020 Term Loan, (1-mo. CME Term SOFR + 3.75%), 9.18%, 02/18/27

      729       509,104  

LifePoint Health, Inc., 2018 Term Loan B, (3-mo. SOFR + 3.75%), 9.07%, 11/16/25

      1,186       1,181,669  

Quorum Health Corp., 2020 Term Loan, (3-mo. CME Term SOFR at 1.00% Floor + 8.25%), 13.63%, 04/29/25

      1,360       911,233  

Surgery Center Holdings, Inc., 2021 Term Loan, (1-mo. CME Term SOFR at 0.75% Floor + 3.75%), 9.19%, 08/31/26

      676       676,064  
     

 

 

 
        3,278,070  
Health Care Technology — 2.0%                  

AthenaHealth Group, Inc., 2022 Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 3.25%), 8.57%, 02/15/29

      10,063       9,858,197  
 

 

 

O N S O L I D A T E D    C H E D U L E     O F    N V E S T M E N T S   16


Consolidated Schedule of Investments (unaudited) (continued)

September 30, 2023

  

BlackRock Corporate High Yield Fund, Inc. (HYT)

(Percentages shown are based on Net Assets)

 

Security          Par
(000)
    Value  
Health Care Technology (continued)                  

Polaris Newco LLC, USD Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 4.00%), 9.43%, 06/02/28

    USD           1,347     $ 1,287,894  

Verscend Holding Corp.

     

2021 2nd Lien Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 7.00%), 12.43%, 04/02/29

      9,376       9,364,624  

2021 Term Loan B, (1-mo. CME Term SOFR + 4.00%), 9.43%, 08/27/25

      5,427       5,421,174  
     

 

 

 
             25,931,889  
Hotels, Restaurants & Leisure — 0.5%                  

Carnival Corp., 2021 Incremental Term Loan B, (1-mo. CME Term SOFR at 0.75% Floor + 3.25%), 8.68%, 10/18/28

      2,880       2,862,340  

Fertitta Entertainment LLC, 2022 Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 4.00%), 9.32%, 01/27/29

      2,447       2,419,400  

Ontario Gaming GTA LP, Term Loan B, (3-mo. CME Term SOFR at 0.50% Floor + 4.25%), 9.64%, 08/01/30

      629       629,000  
     

 

 

 
        5,910,740  
Household Durables — 0.2%                  

Hunter Douglas, Inc., USD Term Loan B1, (3-mo. CME Term SOFR + 3.50%), 8.89%, 02/26/29

      1,121       1,089,710  

Sunset Debt Merger Sub, Inc., 2021 Term Loan B, (1-mo. CME Term SOFR at 0.75% Floor + 4.00%), 9.43%, 10/06/28

      2,057       1,745,579  
     

 

 

 
        2,835,289  
Insurance — 0.9%                  

Alliant Holdings Intermediate LLC

     

2021 Term Loan B4, (1-mo. LIBOR US at 0.50% Floor + 3.50%), 8.93%, 11/05/27

      833       830,191  

2023 Term Loan B5, (1-mo. CME Term SOFR at 0.50% Floor + 3.50%), 8.83%, 11/05/27

      6,900       6,884,896  

HUB International Ltd., 2022 Term Loan B, (3-mo. CME Term SOFR at 0.75% Floor + 4.00%), 9.37%, 11/10/29

      689       689,699  

Jones Deslauriers Insurance Management, Inc., 2023 Term Loan B, (3-mo. CME Term SOFR + 4.25%), 9.62%, 03/15/30

      680       681,278  

NFP Corp., 2020 Term Loan, (1-mo. CME Term SOFR + 3.25%), 8.68%, 02/16/27

      2,093       2,064,751  

Ryan Specialty Group LLC, Term Loan, (1-mo. CME Term SOFR at 0.75% Floor + 3.00%), 8.42%, 09/01/27

      536       535,517  
     

 

 

 
        11,686,332  
Interactive Media & Services — 0.1%                  

Acuris Finance U.S., Inc., 2021 USD Term Loan B, (3-mo. CME Term SOFR at 0.50% Floor + 4.00%), 9.54%, 02/16/28

      543       534,604  

Arches Buyer, Inc., 2021 Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 3.25%), 8.67%, 12/06/27

      717       701,310  

Grab Holdings, Inc., Term Loan B, 01/29/26(o)

      (p)       1  
     

 

 

 
        1,235,915  
Security          Par
(000)
    Value  
IT Services — 0.3%                  

Epicor Software Corp., 2020 2nd Lien Term Loan, (1-mo. CME Term SOFR at 1.00% Floor + 7.75%), 13.17%, 07/31/28

    USD       506     $ 506,552  

Gainwell Acquisition Corp., Term Loan B, (3-mo. CME Term SOFR at 0.75% Floor + 4.00%), 9.49%, 10/01/27

      1,766       1,720,136  

GTCR W Merger Sub LLC, USD Term Loan B, 09/20/30(o)

          2,207       2,205,389  
     

 

 

 
               4,432,077  
Leisure Products — 0.0%                  

Peloton Interactive, Inc., Term Loan, (6-mo. CME Term SOFR at 0.50% Floor + 6.50%), 12.26%, 05/25/27

      506       505,094  
     

 

 

 
Life Sciences Tools & Services — 0.2%                  

PRA Health Sciences, Inc., US Term Loan, (3-mo. CME Term SOFR at 0.50% Floor + 2.25%), 7.90%, 07/03/28

      (p)       2  

Star Parent, Inc., 2023 Term Loan B, 09/19/30(o)

      2,985       2,914,942  
     

 

 

 
        2,914,944  
Machinery — 1.4%                  

Gates Global LLC, 2021 Term Loan B3, (1-mo. CME Term SOFR at 0.75% Floor + 2.50%), 7.82%, 03/31/27

      1,216       1,211,467  

Madison IAQ LLC, Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 3.25%), 8.69%, 06/21/28

      1,351       1,326,960  

Roper Industrial Products Investment Co., USD Term Loan, (3-mo. CME Term SOFR + 4.50%), 9.89%, 11/22/29

      1,091       1,093,044  

SPX Flow, Inc., 2022 Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 4.50%), 9.92%, 04/05/29

      1,811       1,806,059  

Titan Acquisition Ltd., 2018 Term Loan B, (3-mo. LIBOR US + 3.00%), 8.65%, 03/28/25

      8,598       8,518,269  

Vertical U.S. Newco, Inc., Term Loan B, (6-mo. CME Term SOFR at 0.50% Floor + 3.50%), 9.38%, 07/30/27

      4,808       4,793,526  
     

 

 

 
        18,749,325  
Media — 1.2%                  

AVSC Holding Corp., 2018 2nd Lien Term Loan, (1-mo. CME Term SOFR at 1.00% Floor + 7.25%), 12.68%, 09/01/25

      639       565,530  

Clear Channel Outdoor Holdings, Inc., Term Loan B, (3-mo. CME Term SOFR + 3.50%), 9.13%, 08/21/26

      6,825       6,617,235  

DirecTV Financing LLC, Term Loan, (1-mo. CME Term SOFR at 0.75% Floor + 5.00%), 10.43%, 08/02/27

      5,791       5,652,933  

Intelsat Jackson Holdings SA, 2021 Exit Term Loan B, (3-mo. CME Term SOFR at 0.50% Floor + 4.25%), 9.77%, 02/01/29

      2,213       2,206,211  

Sinclair Television Group, Inc., 2022 Term Loan B4, (1-mo. CME Term SOFR + 3.75%), 9.17%, 04/21/29

      839       581,256  
     

 

 

 
        15,623,165  
 

 

 

17  


Consolidated Schedule of Investments (unaudited) (continued)

September 30, 2023

  

BlackRock Corporate High Yield Fund, Inc. (HYT)

(Percentages shown are based on Net Assets)

 

Security          Par
(000)
    Value  
Metals & Mining — 0.1%                  

Arsenal AIC Parent LLC, Term Loan, (3-mo. CME Term SOFR + 4.50%), 9.88%, 08/18/30

    USD           1,058     $ 1,054,911  
     

 

 

 
Oil, Gas & Consumable Fuels — 0.1%                  

Freeport LNG Investments LLLP, Term Loan B, (3-mo. CME Term SOFR + 3.50%), 9.09%, 12/21/28

      1,540              1,524,440  

M6 ETX Holdings II Midco LLC, Term Loan B, (1- mo. CME Term SOFR at 0.50% Floor + 4.50%), 9.92%, 09/19/29

      424       422,000  
     

 

 

 
        1,946,440  
Passenger Airlines — 0.4%                  

AAdvantage Loyalty IP Ltd., Series AA, 2021 Term Loan, (3-mo. CME Term SOFR at 0.75% Floor + 4.75%), 10.34%, 04/20/28

      2,758       2,837,459  

Air Canada, 2021 Term Loan B, (3-mo. CME Term SOFR at 0.75% Floor + 3.50%), 9.13%, 08/11/28

      402       401,647  

Mileage Plus Holdings LLC, 2020 Term Loan B, (3-mo. CME Term SOFR at 1.00% Floor + 5.25%), 10.80%, 06/21/27

      318       330,383  

SkyMiles IP Ltd., 2020 Skymiles Term Loan B, (3-mo. CME Term SOFR at 1.00% Floor + 3.75%), 9.08%, 10/20/27

      983       1,017,409  

United Airlines, Inc., Series AA, 2021 Term Loan B, (1-mo. CME Term SOFR at 0.75% Floor + 3.75%), 9.18%, 04/21/28

      1,213       1,213,264  
     

 

 

 
        5,800,162  
Pharmaceuticals — 0.0%                  

Amneal Pharmaceuticals LLC, 2018 Term Loan B, (1-mo. CME Term SOFR + 3.50%), 8.93%, 05/04/25

      396       388,171  
     

 

 

 
Professional Services — 0.3%                  

CoreLogic, Inc.

     

2nd Lien Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 6.50%), 11.93%, 06/04/29

      1,107       928,218  

Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 3.50%), 8.93%, 06/02/28

      2,492       2,298,086  

Galaxy U.S. Opco, Inc., Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 4.75%), 10.07%, 04/29/29

      481       456,952  

Old Line Funding LLC, Term Loan B, (3-mo. CME Term SOFR + 4.25%), 9.60%, 07/25/30

      613       613,116  
     

 

 

 
        4,296,372  
Real Estate Management & Development — 0.1%  

Cushman & Wakefield U.S. Borrower LLC, 2023 Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 4.00%), 9.32%, 01/31/30

      1,033       1,022,670  
     

 

 

 
Software — 3.7%                  

Boxer Parent Co., Inc.

     

2021 USD 2nd Lien Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 5.50%), 10.93%, 02/27/26

      2,250       2,236,748  

2021 USD Term Loan, (1-mo. CME Term SOFR + 3.75%), 9.18%, 10/02/25

      1,275       1,273,380  
Security          Par
(000)
    Value  
Software (continued)                  

Central Parent, Inc., 2022 USD Term Loan B, (3-mo. CME Term SOFR at 0.50% Floor + 4.25%), 9.64%, 07/06/29

    USD       621     $ 620,970  

Cloud Software Group, Inc., 2022 USD Term Loan B, (3-mo. SOFRTERMB10 + 4.50%), 9.99%, 03/30/29

          5,934              5,698,148  

Cloudera, Inc.

     

2021 Second Lien Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 6.00%), 11.42%, 10/08/29

      1,896       1,791,228  

2021 Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 3.75%), 9.17%, 10/08/28(g)

      993       973,363  

Delta TopCo, Inc., 2020 Term Loan B, (6-mo. CME Term SOFR at 0.75% Floor + 3.75%), 9.07%, 12/01/27

      1,281       1,266,911  

Helios Software Holdings, Inc., 2021 USD Term Loan B, (3-mo. CME Term SOFR + 3.75%), 9.29%, 03/11/28

      214       212,012  

Magenta Buyer LLC

     

2021 USD 1st Lien Term Loan, (3-mo. CME Term SOFR at 0.75% Floor + 5.00%), 10.63%, 07/27/28

      3,468       2,569,743  

2021 USD 2nd Lien Term Loan, (3-mo. LIBOR US at 0.75% Floor + 8.25%), 13.88%, 07/27/29

      2,293       1,054,780  

McAfee Corp., 2022 USD Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 3.75%), 9.18%, 03/01/29

      2,719       2,652,152  

MH Sub I LLC

     

2021 2nd Lien Term Loan, (1-mo. CME Term SOFR + 6.25%), 11.57%, 02/23/29

      288       254,431  

2023 Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 4.25%), 9.57%, 05/03/28

      3,375       3,260,112  

Planview Parent, Inc., 2nd Lien Term Loan, (3-mo. CME Term SOFR at 0.75% Floor + 7.25%), 12.74%, 12/18/28

      850       769,250  

Proofpoint, Inc., 2nd Lien Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 6.25%), 11.68%, 08/31/29

      2,070       2,072,296  

RealPage, Inc., 2nd Lien Term Loan, (1-mo. CME Term SOFR at 0.75% Floor + 6.50%), 11.93%, 04/23/29

      7,231       7,240,383  

Sabre Global, Inc.

     

2021 Term Loan B1, (1-mo. CME Term SOFR at 0.50% Floor + 3.50%), 8.93%, 12/17/27

      341       297,158  

2021 Term Loan B2, (1-mo. CME Term SOFR at 0.50% Floor + 3.50%), 8.93%, 12/17/27

      534       465,867  

Severin Acquisition LLC, 2018 Term Loan B, (3-mo. CME Term SOFR + 3.00%), 8.37%, 08/01/25

      (p)       2  

Sophia LP

     

2020 2nd Lien Term Loan, (1-mo. CME Term SOFR at 1.00% Floor + 8.00%), 13.42%, 10/09/28(g)

      10,251       10,225,372  
 

 

 

O N S O L I D A T E D    C H E D U L E     O F    N V E S T M E N T S   18


Consolidated Schedule of Investments (unaudited) (continued)

September 30, 2023

  

BlackRock Corporate High Yield Fund, Inc. (HYT)

(Percentages shown are based on Net Assets)

 

Security          Par
(000)
    Value  
Software (continued)                  

Sophia LP (continued)

     

2021 Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 3.50%), 8.92%, 10/07/27

    USD       1,108     $        1,104,643  

UKG, Inc., 2021 2nd Lien Term Loan, (3-mo. CME Term SOFR at 0.50% Floor + 5.25%), 10.62%, 05/03/27

          2,177       2,171,314  
     

 

 

 
        48,210,263  
Specialty Retail — 0.0%                  

Staples, Inc., 7 Year Term Loan, 04/16/26(o)

      (p)       1  
     

 

 

 
Textiles, Apparel & Luxury Goods — 0.0%        

Hanesbrands, Inc., 2023 Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 3.75%), 9.07%, 03/08/30(g)

      419       409,437  
     

 

 

 
Trading Companies & Distributors — 0.3%        

SRS Distribution, Inc., 2022 Incremental Term Loan, (1-mo. CME Term SOFR + 3.50%), 8.92%, 06/02/28

      3,408       3,371,767  
     

 

 

 
Transportation Infrastructure — 0.1%                  

Apple Bidco LLC, 2022 Incremental Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 4.00%), 9.32%, 09/22/28

      900       898,960  

Brown Group Holding LLC, 2022 Incremental Term Loan B2, (3-mo. CME Term SOFR at 0.50% Floor + 3.75%), 9.17%, 07/02/29

      678       676,471  
     

 

 

 
        1,575,431  
Wireless Telecommunication Services — 0.1%        

Digicel International, 2017 Term Loan B1, 05/27/24(o)

      83       74,359  

Digicel International Finance Ltd., 2017 Term Loan B, (3-mo. LIBOR US + 3.25%), 8.90%, 05/28/24

      1,916       1,720,271  
     

 

 

 
        1,794,630  
     

 

 

 

Total Floating Rate Loan Interests — 16.7%
(Cost: $222,323,434)

 

         219,059,100  
     

 

 

 

Preferred Securities

 

Capital Trusts — 1.5%

 

Automobiles — 0.1%                  

General Motors Financial Co., Inc., Series C, 5.70%(a)(j)

      655       559,768  
     

 

 

 
Banks — 0.5%                  

AIB Group PLC, 5.25%(a)(c)(j)

    EUR       210       211,476  

Banco Bilbao Vizcaya Argentaria SA, 6.00%(a)(c)(j)

      200       208,545  

CaixaBank SA, 6.75%(a)(c)(j)

      200       209,336  

KBC Group NV, 8.00%, 12/31/79

      200       209,259  

PNC Financial Services Group, Inc.(a)(j)

     

Series V, 6.20%

    USD       1,417       1,302,230  

Series W, 6.25%

      1,572       1,347,541  

Wells Fargo & Co., 7.63%(a)(j)

      2,311       2,329,874  
     

 

 

 
        5,818,261  
Diversified Telecommunication Services(a) — 0.1%        

British Telecommunications PLC, 4.88%, 11/23/81(b)

      200       160,445  
Security          Par
(000)
    Value  
Diversified Telecommunication Services (continued)  

Telefonica Europe BV(c)(j)

     

7.13%

    EUR       200     $ 216,736  

6.14%

      300       304,526  

6.75%

      100       104,281  
     

 

 

 
        785,988  
Electric Utilities(a) — 0.1%                  

Edison International, Series B, 5.00%(j)

    USD       940       803,395  

EDP - Energias de Portugal SA, 5.94%, 04/23/83(c)

    EUR       100       104,668  

Electricite de France SA(c)(j)

     

6.00%

    GBP       300       337,663  

3.00%

    EUR       200       178,824  

3.38%

      200       162,790  

Naturgy Finance BV, 2.37%(c)(j)

      200       186,604  
     

 

 

 
        1,773,944  
Financial Services(a)(j) — 0.4%                  

Barclays PLC

     

4.38%

    USD           2,490              1,728,165  

8.00%

      980       879,493  

8.00%

      200       196,646  

BNP Paribas SA, 6.88%(c)

    EUR       200       200,856  

Citigroup, Inc., 7.63%

    USD       1,170       1,141,454  

Deutsche Bank AG, 6.75%(c)

    EUR       200       171,275  

Lloyds Banking Group PLC, 8.00%

    USD       1,320       1,183,336  

Societe Generale SA, 7.88%(c)

    EUR       100       101,011  

UBS Group AG, 7.00%(c)

    USD       200       193,750  
     

 

 

 
        5,795,986  
Health Care Providers & Services — 0.0%                  

Clariane SE, 4.13%(a)(c)(j)

    GBP       200       172,669  
     

 

 

 
Independent Power and Renewable Electricity Producers(a)(b)(j) — 0.3%  

NRG Energy, Inc., 10.25%

    USD       2,427       2,377,014  

Vistra Corp., 7.00%

      1,272       1,160,700  
     

 

 

 
        3,537,714  
Media — 0.0%                  

SES SA, 2.88%(a)(c)(j)

    EUR       134       123,898  
     

 

 

 
Oil, Gas & Consumable Fuels(a)(c)(j) — 0.0%  

Abertis Infraestructuras Finance BV, 3.25%

      200       192,749  

Repsol International Finance BV, 4.25%

      124       119,287  
     

 

 

 
        312,036  
Pharmaceuticals — 0.0%                  

Bayer AG

     

6.63%, 09/25/83

      100       104,619  

7.00%, 09/25/83

      100       104,572  
     

 

 

 
        209,191  
Transportation Infrastructure — 0.0%                  

Poste Italiane SpA, 2.63%(a)(c)(j)

      200       162,793  
     

 

 

 
Wireless Telecommunication Services — 0.0%        

Vodafone Group PLC, 2.63%, 08/27/80(a)(c)

      400       384,903  
     

 

 

 
        19,637,151  
     

 

 

 
 

 

 

19  


Consolidated Schedule of Investments (unaudited) (continued)

September 30, 2023

  

BlackRock Corporate High Yield Fund, Inc. (HYT)

(Percentages shown are based on Net Assets)

 

Security       
Shares
    Value  
Preferred Stocks — 1.0%            
Commercial Services & Supplies — 0.1%            

Verscend Intermediate Holding(g)

    790     $ 1,069,945  
   

 

 

 
Financial Services — 0.1%            

Alliant Holdings, Inc.(g)

    1,431       1,354,428  
   

 

 

 
Interactive Media & Services — 0.8%            

ByteDance Ltd., Series E-1, (Acquired 11/11/20, Cost: $6,755,577)(d)(g)

    61,653       10,105,634  
   

 

 

 
Wireless Telecommunication Services — 0.0%        

CF-B L2 (D) LLC, (Acquired 04/08/15, Cost: $674,329)(d)

    688,714       4,614  

Ligado Networks LLC(q)

    32,168       321,684  
   

 

 

 
      326,298  
   

 

 

 
      12,856,305  
   

 

 

 

Total Preferred Securities — 2.5%
(Cost: $36,386,932)

      32,493,456  
   

 

 

 

Total Long-Term Investments — 144.6%
(Cost: $1,996,259,999)

      1,893,748,969  
   

 

 

 

Options Purchased — 0.0%
(Cost: $5,989)

      6,850  
   

 

 

 

Total Investments Before Options Written — 144.6%
(Cost: $1,996,265,988)

 

    1,893,755,819  
   

 

 

 

Options Written — (0.0)%
(Premiums Received: $(2,655))

 

    (7,431
   

 

 

 

Total Investments, Net of Options Written — 144.6%
(Cost: $1,996,263,333)

 

    1,893,748,388  

Liabilities in Excess of Other Assets — (44.6)%

 

    (584,102,532
   

 

 

 

Net Assets — 100.0%

    $ 1,309,645,856  
   

 

 

 

 

(a)

Variable rate security. Interest rate resets periodically. The rate shown is the effective interest rate as of period end. Security description also includes the reference rate and spread if published and available.

(b)

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.

(c)

This security may be resold to qualified foreign investors and foreign institutional buyers under Regulation S of the Securities Act of 1933.

(d)

Restricted security as to resale, excluding 144A securities. The Trust held restricted securities with a current value of $10,619,330, representing 0.8% of its net assets as of period end, and an original cost of $9,029,259.

(e)

All or a portion of the security has been pledged and/or segregated as collateral in connection with outstanding exchange-traded options written.

(f)

Non-income producing security.

(g)

Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.

(h)

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.

(i)

Issuer filed for bankruptcy and/or is in default.

(j)

Perpetual security with no stated maturity date.

(k)

When-issued security.

(l)

Convertible security.

(m)

Zero-coupon bond.

(n)

Step coupon security. Coupon rate will either increase (step-up bond) or decrease (step-down bond) at regular intervals until maturity. Interest rate shown reflects the rate currently in effect.

(o)

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.

(p)

Rounds to less than 1,000.

(q)

All or a portion of the security is held by a wholly-owned subsidiary.

 

 

For Trust compliance purposes, the Trust’s 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.

Affiliates

Investments in issuers considered to be affiliate(s) of the Trust during the period ended September 30, 2023 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

 

Affiliated Issuer    Value at
12/31/22
     Purchases
at Cost
     Proceeds
from Sales
     Net
Realized
Gain (Loss)
     Change in
Unrealized
Appreciation
(Depreciation)
     Value at
09/30/23
     Shares
Held at
09/30/23
     Income      Capital Gain
Distributions
from
Underlying
Funds
 

BlackRock Liquidity Funds, T-Fund, Institutional Class(a)

   $ 723,084      $      $ (723,084 )(b)     $      $      $             $ 51,834      $  
           

 

 

    

 

 

    

 

 

       

 

 

    

 

 

 

 

  (a) 

As of period end, the entity is no longer held.

 
  (b) 

Represents net amount purchased (sold).

 

 

O N S O L I D A T E D    C H E D U L E     O F    N V E S T M E N T S   20


Consolidated Schedule of Investments (unaudited) (continued)

September 30, 2023

  

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

                 

5-Year U.S. Treasury Note

     97          12/29/23        $ 10,217        $ (81,996
                 

 

 

 

Short Contracts

                 

U.S. Long Bond

     6          12/19/23          683          44,739  

Ultra U.S. Treasury Bond

     22          12/19/23          2,615          194,943  
                 

 

 

 
                    239,682  
                 

 

 

 
                  $ 157,686  
                 

 

 

 

Forward Foreign Currency Exchange Contracts

 

Currency Purchased        Currency Sold      Counterparty      Settlement Date        Unrealized
Appreciation
(Depreciation)
 
GBP     145,000        USD     176,837      Natwest Markets PLC        10/04/23        $ 78  
USD     114,864        EUR     107,000      Deutsche Bank AG        12/20/23          1,323  
USD     161,669        EUR     150,000      Deutsche Bank AG        12/20/23          2,500  
USD     227,445        EUR     213,000      State Street Bank and Trust Co.        12/20/23          1,425  
USD     13,399,646        EUR     12,503,226      Toronto-Dominion Bank        12/20/23          132,146  
USD     23,473,122        EUR     21,910,774      UBS AG        12/20/23          223,025  
USD     5,528,996        GBP     4,465,000      Barclays Bank PLC        12/20/23          78,287  
USD     100,757        GBP     81,000      BNP Paribas SA        12/20/23          1,875  
USD     50,113        GBP     41,000      State Street Bank and Trust Co.        12/20/23          62  
                     

 

 

 
                        440,721  
                     

 

 

 
USD     176,909        GBP     145,000      Natwest Markets PLC        12/20/23          (102
                     

 

 

 
                      $ 440,619  
                     

 

 

 

Exchange-Traded Options Purchased

 

Description    Number of
Contracts
       Expiration
Date
       Exercise Price        Notional
Amount (000)
       Value  
Put                                                   

Euro Stoxx 50

     11          11/17/23        EUR     4,100.00        EUR     459        $ 6,850  
                          

 

 

 

Exchange-Traded Options Written

 

Description    Number of
Contracts
       Expiration
Date
       Exercise Price        Notional
Amount (000)
       Value  
Put                                                   

Euro Stoxx 50

     11          11/17/23        EUR     3,900.00        EUR     459        $ (7,431
                          

 

 

 

Centrally Cleared Credit Default Swaps — Sell Protection

 

Reference Obligation/Index     

Financing
Rate Received
by the Trust


 
    
Payment
Frequency

 
    
Termination
Date

 
    
Credit
Rating

 
    
Notional
Amount (000)

 
     Value       


Upfront
Premium
Paid
(Received)



 
    

Unrealized
Appreciation
(Depreciation)


 

CDX.NA.HY.41.V1

     5.00      Quarterly        12/20/28        B        16,772      $ 164,663      $ 194,115      $ (29,452
                 

 

 

    

 

 

    

 

 

 

 

21  


Consolidated Schedule of Investments (unaudited) (continued)

September 30, 2023

  

BlackRock Corporate High Yield Fund, Inc. (HYT)

 

OTC Credit Default Swaps — Buy Protection

 

Reference Obligations/Index   Financing
Rate Paid
by the Trust
    Payment
Frequency
    Counterparty   Termination
Date
    Notional
Amount (000)
    Value     Upfront
Premium
Paid
(Received)
    Unrealized
Appreciation
(Depreciation)
 

EG Global Finance PLC

    5.00     Quarterly    

JPMorgan Chase Bank N.A.

    06/20/28     EUR   36     $ 425     $ 240     $ 185  

EG Global Finance PLC

    5.00       Quarterly    

JPMorgan Chase Bank N.A.

    06/20/28     EUR   45       534       354       180  

Intrum AB

    5.00       Quarterly    

Goldman Sachs International

    06/20/28     EUR   61       11,950       12,694       (744

Intrum AB

    5.00       Quarterly    

JPMorgan Chase Bank N.A.

    06/20/28     EUR   61       11,952       13,680       (1,728
           

 

 

   

 

 

   

 

 

 
            $ 24,861     $ 26,968     $ (2,107
           

 

 

   

 

 

   

 

 

 

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)
 
 
 

Virgin Media Finance PLC

     5.00     Quarterly    

JPMorgan Chase Bank N.A.

    12/20/25     B     EUR       70         $ 4,961     $ 4,630     $ 331  

Jaguar Land Rover Automotive PLC

     5.00       Quarterly    

Bank of America N.A.

    06/20/26     BB-     EUR       61           2,027       (1,466     3,493  

Jaguar Land Rover Automotive PLC

     5.00       Quarterly    

Bank of America N.A.

    12/20/26     BB-     EUR       37           693       (1,063     1,756  

Jaguar Land Rover Automotive PLC

     5.00       Quarterly    

Barclays Bank PLC

    12/20/26     BB-     EUR       41           762       1,181       (419

Jaguar Land Rover Automotive PLC

     5.00       Quarterly    

Credit Suisse International

    12/20/26     BB-     EUR       39           742       1,215       (473

Jaguar Land Rover Automotive PLC

     5.00       Quarterly    

Credit Suisse International

    12/20/26     BB-     EUR       55           1,031       1,575       (544

CMA CGM SA

     5.00       Quarterly    

Credit Suisse International

    06/20/27     N/R     EUR       125           16,101       4,356       11,745  

Ladbrokes Coral Group Ltd.

     1.00       Quarterly    

JPMorgan Chase Bank N.A.

    06/20/27     N/R     EUR       50           (1,280     (4,215     2,935  

Ladbrokes Coral Group Ltd.

     1.00       Quarterly    

JPMorgan Chase Bank N.A.

    06/20/27     N/R     EUR       180           (4,606     (24,193     19,587  

Adler Real Estate AG

     5.00       Quarterly    

Bank of America N.A.

    12/20/27     CCC+     EUR       35           (6,360     (7,010     650  

Adler Real Estate AG

     5.00       Quarterly    

Barclays Bank PLC

    12/20/27     CCC+     EUR       21           (3,823     (4,136     313  

Adler Real Estate AG

     5.00       Quarterly    

Barclays Bank PLC

    12/20/27     CCC+     EUR       59           (10,746     (11,625     879  

Adler Real Estate AG

     5.00       Quarterly    

Citibank N.A.

    12/20/27     CCC+     EUR       17           (3,118     (3,464     346  

Adler Real Estate AG

     5.00       Quarterly    

JPMorgan Chase Bank N.A.

    12/20/27     CCC+     EUR       36           (6,525     (7,231     706  

Adler Real Estate AG

     5.00       Quarterly    

Morgan Stanley & Co. International PLC

    12/20/27     CCC+     EUR       26           (4,732     (5,163     431  

United Group B.V.

     5.00       Quarterly    

Bank of America N.A.

    12/20/27     B     EUR       61           (1,572     (8,139     6,567  

Ladbrokes Coral Group Ltd.

     1.00       Quarterly    

JPMorgan Chase Bank N.A.

    06/20/28     N/R     EUR       16           (747     (1,053     306  
                

 

 

   

 

 

   

 

 

 
                 $ (17,192   $ (65,801   $ 48,609  
                

 

 

   

 

 

   

 

 

 

 

  (a) 

Using the rating of the issuer or the underlying securities of the index, as applicable, provided by S&P Global Ratings.

 
  (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

 

                      

 

    

 

      

 

    

 

      

 

   

Upfront

Premium

      

 

 

Paid by the Trust

 

Received by the Trust

   

 

   

 

     

 

   

 

     

 

    Unrealized  
Rate   Frequency   Reference   Frequency   Counterparty   Effective
Date
    Termination
Date
  Notional
Amount (000)
    Value     Paid
(Received)
    Appreciation
(Depreciation)
 

1-Day SOFR, 5.31%

  Quarterly  

Markit iBoxx $ Liquid High Yield Index

  Monthly  

JPMorgan Chase Bank N.A.

    N/A     03/20/24   USD   1,535     $ 8,598     $ (16,550   $ 25,148  

1-Day SOFR, 5.31%

  Quarterly  

Markit iBoxx $ Liquid High Yield Index

  Monthly  

Morgan Stanley & Co. International PLC

    N/A     03/20/24   USD   9,430       148,412       (55,170     203,582  

1-Day SOFR, 5.31%

  Quarterly  

Markit iBoxx $ Liquid High Yield Index

  Monthly  

Morgan Stanley & Co. International PLC

    N/A     03/20/24   USD   346       4,153       (2,407     6,560  

1-Day SOFR, 5.31%

  Quarterly  

Markit iBoxx $ Liquid High Yield Index

  Monthly  

Morgan Stanley & Co. International PLC

    N/A     03/20/24   USD   693       11,312       (5,019     16,331  

1-Day SOFR, 5.31%

  Quarterly  

Markit iBoxx $ Liquid High Yield Index

  Monthly  

Morgan Stanley & Co. International PLC

    N/A     03/20/24   USD   1,386       36,290       (12,387     48,677  

1-Day SOFR, 5.31%

  Quarterly  

Markit iBoxx $ Liquid High Yield Index

  Monthly  

Morgan Stanley & Co. International PLC

    N/A     03/20/24   USD   624       3,638       (6,728     10,366  
               

 

 

   

 

 

   

 

 

 
                $ 212,403     $ (98,261   $ 310,664  
               

 

 

   

 

 

   

 

 

 

 

O N S O L I D A T E D    C H E D U L E     O F    N V E S T M E N T S   22


Consolidated Schedule of Investments (unaudited) (continued)

September 30, 2023

  

BlackRock Corporate High Yield Fund, Inc. (HYT)

 

Fair Value Hierarchy as of Period End

Various inputs are used in determining the fair value of 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 market–corroborated inputs); and

 

   

Level 3 – Unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available (including the Valuation Committee’s assumptions used in determining the fair value of financial instruments).

The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the fair value hierarchy classification is determined based on the lowest level input that is significant to the fair value measurement in its entirety. Investments classified within Level 3 have significant unobservable inputs used by the 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. The categorization of a value determined for financial instruments is based on the pricing transparency of the financial instruments and is not necessarily an indication of the risks associated with investing in those securities. For information about the Trust’s policy regarding valuation of financial instruments, refer to its most recent financial statements.

Certain investments of the Trust were fair valued using net asset value (“NAV”) as a practical expedient as no quoted market value is available and therefore have been excluded from the fair value hierarchy.

The following table summarizes the Trust’s financial instruments categorized in the fair value hierarchy. The breakdown of the Trust’s financial instruments into major categories is disclosed in the Consolidated Schedule of Investments above.

 

                                                                                                                           
      Level 1        Level 2        Level 3        Total  

Assets

                 

Investments

                 

Long-Term Investments

                 

Asset-Backed Securities

   $        $ 1,920,529        $        $ 1,920,529  

Common Stocks

                 

Capital Markets

              509,082                   509,082  

Chemicals

     731,551                            731,551  

Electrical Equipment

     6,324                            6,324  

Energy Equipment & Services

     9,847                            9,847  

Financial Services

     204,216                            204,216  

Ground Transportation

     683,411                            683,411  

Hotels, Restaurants & Leisure

     1,327,893                            1,327,893  

IT Services

     147,613                            147,613  

Metals & Mining

     2,529,673                            2,529,673  

Oil, Gas & Consumable Fuels

                       22,235          22,235  

Pharmaceuticals

     1,312,584                            1,312,584  

Real Estate Management & Development

     4,241          1,882                   6,123  

Semiconductors & Semiconductor Equipment

     1,483                            1,483  

Software

     1,309,985                            1,309,985  

Corporate Bonds

                 

Aerospace & Defense

              85,385,386                   85,385,386  

Air Freight & Logistics

              416,548                   416,548  

Automobile Components

              34,949,100                   34,949,100  

Automobiles

              38,389,726                   38,389,726  

Banks

              7,878,726                   7,878,726  

Beverages

              45,692,779                   45,692,779  

Biotechnology

              298,496                   298,496  

Broadline Retail

              653,861                   653,861  

Building Materials

              27,859,525                   27,859,525  

Building Products

              23,882,233                   23,882,233  

Capital Markets

              28,651,111                   28,651,111  

Chemicals

              44,712,981                   44,712,981  

Commercial Services & Supplies

              46,539,338                   46,539,338  

Communications Equipment

              10,154,296                   10,154,296  

Construction & Engineering

              6,377,245                   6,377,245  

 

23  


Consolidated Schedule of Investments (unaudited) (continued)

September 30, 2023

  

BlackRock Corporate High Yield Fund, Inc. (HYT)

 

Fair Value Hierarchy as of Period End (continued)

 

                                                                                                                           
      Level 1        Level 2        Level 3        Total  

Corporate Bonds (continued)

                 

Construction Materials

   $        $ 4,114,960        $        $ 4,114,960  

Consumer Discretionary

              52,782,856                   52,782,856  

Consumer Finance

     241,048          39,764,906                   40,005,954  

Consumer Staples Distribution & Retail

              18,353,793                   18,353,793  

Containers & Packaging

              13,549,353                   13,549,353  

Diversified Consumer Services

              44,804,952                   44,804,952  

Diversified REITs

              22,711,207                   22,711,207  

Diversified Telecommunication Services

     200,991          37,344,663                   37,545,654  

Electric Utilities

              5,390,656                   5,390,656  

Electrical Equipment

              7,492,541                   7,492,541  

Electronic Equipment, Instruments & Components

              7,284,685                   7,284,685  

Energy Equipment & Services

              16,611,699                   16,611,699  

Entertainment

              1,133,715                   1,133,715  

Environmental, Maintenance & Security Service

              20,160,856                   20,160,856  

Financial Services

              36,331,310                   36,331,310  

Food Products

              19,038,674                   19,038,674  

Gas Utilities

              448,250                   448,250  

Ground Transportation

              1,905,665                   1,905,665  

Health Care Equipment & Supplies

              15,928,722                   15,928,722  

Health Care Providers & Services

              50,972,991                   50,972,991  

Health Care Technology

              16,236,781                   16,236,781  

Hotels, Restaurants & Leisure

              85,380,809                   85,380,809  

Household Durables

              11,901,403                   11,901,403  

Household Products

              552,095                   552,095  

Independent Power and Renewable Electricity Producers

              4,529,551                   4,529,551  

Insurance

              46,406,478                   46,406,478  

Interactive Media & Services

              1,217,116                   1,217,116  

Internet Software & Services

              22,235,422                   22,235,422  

IT Services

     176,743          31,264,094                   31,440,837  

Leisure Products

              1,002,107                   1,002,107  

Life Sciences Tools & Services

              4,680,649                   4,680,649  

Machinery

              24,548,614                   24,548,614  

Media

              151,627,229                   151,627,229  

Metals & Mining

              50,142,201                   50,142,201  

Mortgage Real Estate Investment Trusts (REITs)

              156,680                   156,680  

Multi-Utilities

              1,702,104                   1,702,104  

Offshore Drilling & Other Services

              8,375,991                   8,375,991  

Oil, Gas & Consumable Fuels

     81,086          209,715,162                   209,796,248  

Passenger Airlines

              16,289,644                   16,289,644  

Personal Care Products

              1,621,964                   1,621,964  

Pharmaceuticals

              11,406,493                   11,406,493  

Real Estate

              718,786                   718,786  

Real Estate Management & Development

              8,079,144                   8,079,144  

Retail REITs

              721,690                   721,690  

Semiconductors & Semiconductor Equipment

              6,321,090                   6,321,090  

Software

              59,383,806                   59,383,806  

Specialized REITs

              3,972,660                   3,972,660  

Specialty Retail

              3,831,403                   3,831,403  

Technology Hardware, Storage & Peripherals

              4,424,464                   4,424,464  

Textiles, Apparel & Luxury Goods

     183,141          2,535,140                   2,718,281  

Trading Companies & Distributors

              104,456                   104,456  

Transportation Infrastructure

              646,322                   646,322  

Utilities

              2,851,796                   2,851,796  

Wireless Telecommunication Services

              18,039,706                   18,039,706  

Floating Rate Loan Interests

              205,098,850          13,960,250          219,059,100  

Preferred Securities

                 

Capital Trusts

              19,637,151                   19,637,151  

Preferred Stocks

     321,684                   12,530,007          12,851,691  

 

O N S O L I D A T E D    C H E D U L E     O F    N V E S T M E N T S   24


Consolidated Schedule of Investments (unaudited) (continued)

September 30, 2023

  

BlackRock Corporate High Yield Fund, Inc. (HYT)

 

Fair Value Hierarchy as of Period End (continued)

 

                                                                                                                           
      Level 1        Level 2        Level 3        Total  

Options Purchased

                 

Equity Contracts

   $ 6,850        $        $        $ 6,850  

Unfunded Floating Rate Loan Interests(a)

              582                   582  
  

 

 

      

 

 

      

 

 

      

 

 

 
   $ 9,480,364        $ 1,857,758,931        $ 26,512,492          1,893,751,787  
  

 

 

      

 

 

      

 

 

      

 

 

 

Investments Valued at NAV(b)

                    4,614  
                 

 

 

 
                  $ 1,893,756,401  
                 

 

 

 

Derivative Financial Instruments(c)

                 

Assets

                 

Credit Contracts

   $        $ 50,410        $        $ 50,410  

Foreign Currency Exchange Contracts

              440,721                   440,721  

Interest Rate Contracts

     239,682          310,664                   550,346  

Liabilities

                 

Credit Contracts

              (33,360                 (33,360

Equity Contracts

     (7,431                          (7,431

Foreign Currency Exchange Contracts

              (102                 (102

Interest Rate Contracts

     (81,996                          (81,996
  

 

 

      

 

 

      

 

 

      

 

 

 
   $ 150,255        $ 768,333        $        $ 918,588  
  

 

 

      

 

 

      

 

 

      

 

 

 

 

  (a) 

Unfunded floating rate loan interests are valued at the unrealized appreciation (depreciation) on the commitment.

 

 

  (b) 

Certain investments of the Trust were fair valued using NAV as a practical expedient as no quoted market value is available and therefore have been excluded from the fair value hierarchy.

 

 

  (c) 

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.

 

A reconciliation of Level 3 financial instruments is presented when the Trust had a significant amount of Level 3 investments and derivative financial instruments 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
       Floating
Rate Loan
Interests
       Preferred
Stocks
       Total  

Assets

                 

Opening balance, as of December 31, 2022

   $ 22,236        $ 12,296,415        $ 12,439,882        $ 24,758,533  

Transfers into Level 3

              12,209,712                   12,209,712  

Transfers out of Level 3

              (11,662,775                 (11,662,775

Accrued discounts/premiums

              25,157                   25,157  

Net realized gain (loss)

              (33,521                 (33,521

Net change in unrealized appreciation (depreciation)(a)

     (1        89,189          90,125          179,313  

Purchases

              2,251,465                   2,251,465  

Sales

              (1,215,392                 (1,215,392
  

 

 

      

 

 

      

 

 

      

 

 

 

Closing balance, as of September 30, 2023

   $ 22,235        $ 13,960,250        $ 12,530,007        $ 26,512,492  
  

 

 

      

 

 

      

 

 

      

 

 

 

Net change in unrealized appreciation (depreciation) on investments still held at September 30, 2023(a)

   $        $ 89,189        $ 90,125        $ 179,314  
  

 

 

      

 

 

      

 

 

      

 

 

 

 

  (a)

Any difference between net change in unrealized appreciation (depreciation) and net change in unrealized appreciation (depreciation) on investments still held at September 30, 2023 is generally due to investments no longer held or categorized as Level 3 at period end.

 

 

Currency Abbreviation
EUR    Euro
GBP    British Pound
USD    United States Dollar
Portfolio Abbreviation
CDI    CREST Depository Interest
CLO    Collateralized Loan Obligation
CMT    Constant Maturity Treasury
Portfolio Abbreviation (continued)
DAC    Designated Activity Company
EURIBOR    Euro Interbank Offered Rate
LIBOR    London Interbank Offered Rate
PIK    Payment-in-Kind
REIT    Real Estate Investment Trust
SOFR    Secured Overnight Financing Rate
 

 

25  

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