BlackRock Corporate High Yield Fund

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED

MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number: 811-21318

Name of Fund: BlackRock Corporate High Yield Fund, Inc. (HYT)

Fund Address:    100 Bellevue Parkway, Wilmington, DE 19809

Name and address of agent for service: John M. Perlowski, Chief Executive Officer, BlackRock Corporate

             High Yield Fund, Inc., 55 East 52nd Street, New York, NY 10055

Registrant’s telephone number, including area code: (800) 882-0052, Option 4

Date of fiscal year end: 08/31/2019

Date of reporting period: 11/30/2018


Item 1 – Schedule of Investments


Consolidated Schedule of Investments  (unaudited) 

November 30, 2018

  

BlackRock Corporate High Yield Fund, Inc. (HYT)

(Percentages shown are based on Net Assets)

 

Security  

Shares

    Value  

Common Stocks — 2.9%

 

Chemicals — 0.6%

 

Advanced Emissions Solutions, Inc.

    168,580     $ 1,815,607  

Platform Specialty Products Corp.(a)

    568,647       6,692,975  
   

 

 

 
      8,508,582  
Consumer Finance — 0.0%  

Ally Financial, Inc.

    2       53  
   

 

 

 
Containers & Packaging — 0.3%  

Crown Holdings, Inc.(a)

    91,567       4,695,556  
   

 

 

 
Diversified Financial Services — 0.3%  

Concrete Investments II S.C.A.(b)

    4,997        

Kcad Holdings I Ltd.(a)(b)

    2,223,465,984       3,757,658  
   

 

 

 
      3,757,658  
Diversified Telecommunication Services — 0.2%  

CenturyLink, Inc.

    109,245       2,053,806  
   

 

 

 
Energy Equipment & Services — 0.1%  

Osum Oil Sands Corp.(a)(b)(c)

    400,000       605,126  
   

 

 

 
Equity Real Estate Investment Trusts (REITs) — 0.1%  

Gaming and Leisure Properties, Inc.

    57,580       1,982,480  
   

 

 

 
Hotels, Restaurants & Leisure — 0.7%  

The Stars Group, Inc.(a)

    512,716       10,048,639  
   

 

 

 
IT Services — 0.2%  

First Data Corp., Class A(a)

    135,954       2,594,002  
   

 

 

 
Machinery — 0.0%  

Gates Industrial Corp. PLC(a)

    18,410       271,179  
   

 

 

 
Media — 0.1%  

Altice USA, Inc., Class A

    87,736       1,552,050  

Emmis Communications Corp., Class A(a)

    7,210       27,254  
   

 

 

 
      1,579,304  
Metals & Mining — 0.2%  

Constellium NV, Class A(a)

    285,624       2,396,385  
   

 

 

 
Semiconductors & Semiconductor Equipment — 0.0%  

SunPower Corp.(a)

    1,025       7,021  
   

 

 

 
Wireless Telecommunication Services — 0.1%  

T-Mobile U.S., Inc.(a)

    26,989       1,847,397  
   

 

 

 

Total Common Stocks — 2.9%
(Cost — $66,452,245)

 

    40,347,188  
   

 

 

 
Security     Par
(000)
    Value  

Asset-Backed Securities — 4.9%

 

Accunia European CLO I BV, Series 1X, Class E, (3 mo. EURIBOR + 7.00%), 7.00%, 07/15/29(d)

    EUR       1,400     $ 1,583,774  

Allegro CLO II-S Ltd., Series 2014-1RA, Class B, 4.30%, 10/21/28(e)(f)

    USD       250       249,875  

Allegro CLO VI Ltd., Series 2017-2A, Class D, 5.20%, 01/17/31(e)(f)

      450       443,278  

Allegro CLO VIII Ltd., Series 2018-2A, Class C, 4.39%, 07/15/31(e)(f)

      250       248,640  

ALM VII R Ltd.(e):

     

Series 2013-7R2A, Class A2R2, 4.09%, 10/15/27(f)

      250       249,940  

Series 2013-7R2A, Class BR2, 4.64%, 10/15/27(f)

      250       249,820  

Series 2013-7RA, Class BR, (3 mo. LIBOR US + 2.70%), 5.14%, 10/15/28(d)

      500       502,568  

ALM VIII Ltd., Series 2013-8A, Class CR, (3 mo. LIBOR US + 3.95%), 6.39%, 10/15/28(d)(e)

      1,400       1,400,699  

ALM XVI Ltd./ALM XVI LLC,
Series 2015-16A(e)(f):

     

Class BR2, 4.34%, 07/15/27

      500       498,249  

Class CR2, 5.14%, 07/15/27

      743       730,111  

AMMC CLO 19 Ltd., Series 2016-19A, Class C, (3 mo. LIBOR US + 2.80%),
5.24%, 10/15/28(d)(e)

      413       413,619  

AMMC CLO 22 Ltd., Series 2018-22A, Class D, 5.19%, 04/25/31(e)(f)

      250       247,033  

Anchorage Capital CLO Ltd.(f):

     

5.66%, 05/15/31

    EUR       203       219,000  

Series 2014-3RA, Class B,
4.01%, 01/28/31(e)

    USD       250       248,386  

Series 2014-3RA, Class D,
5.11%, 01/28/31(e)

      500       492,812  

Series 2014-4RA, Class C,
4.36%, 01/28/31(e)

      500       491,878  

Series 2014-4RA, Class D,
5.11%, 01/28/31(e)

      1,000       982,624  

Series 2016-8A, Class DR,
5.51%, 07/28/28(e)

      1,000       998,552  

Apidos CLO XV, Series 2013-15A, Class CRR, 4.32%, 04/20/31(e)(f)

      500       495,681  

Apidos CLO XX, Series 2015-20A, Class BRR, 4.39%, 07/16/31(e)(f)

      250       247,956  

Apidos CLO XXIII, Series 2015-23A, Class D2, (3 mo. LIBOR US + 5.95%),
8.39%, 01/15/27(d)(e)

      750       750,298  

ARES XLV CLO Ltd., Series 2017-45A, Class D, 5.49%, 10/15/30(e)(f)

      250       250,480  
 

 

 

     1  


Consolidated Schedule of Investments  (unaudited) (continued)

November 30, 2018

  

BlackRock Corporate High Yield Fund, Inc. (HYT)

(Percentages shown are based on Net Assets)

 

Security     Par
(000)
    Value  
Asset-Backed Securities (continued)  

Ares XXVII CLO Ltd., Series 2013-2A, Class DR,
(3 mo. LIBOR US + 3.75%), 6.26%, 07/28/29(d)(e)

    USD       500     $ 503,731  

Ares XXXIII CLO Ltd., Series 2015-1A, Class CR,
(3 mo. LIBOR US + 4.20%), 6.52%, 12/05/25(d)(e)

      1,000       1,008,348  

Ares XXXIIR CLO Ltd., Series 2014-32RA(e)(f):

     

Class B, 4.42%, 05/15/30

      500       494,748  

Class C, 5.52%, 05/15/30

      500       494,411  

Ares XXXVII CLO Ltd., Series 2015-4A(e)(f):

     

Class CR, 5.09%, 10/15/30

      1,000       978,175  

Class DR, 8.59%, 10/15/30

      500       498,266  

Atlas Senior Loan Fund VII Ltd., Series 2016-7A, Class B1R, 4.51%, 11/27/31(e)(f)

      1,000       1,000,000  

Atlas Senior Loan Fund X Ltd.,
Series 2018-10A(e)(f):

     

Class B, 3.94%, 01/15/31

      400       394,836  

Class D, 5.19%, 01/15/31

      500       492,535  

Atrium XIV LLC, Series 14A, Class C, 4.26%, 08/23/30(e)(f)

      266       264,573  

Atrium XV, Series 15A(e)(f)(g):

     

Class B, 4.53%, 01/23/31

      500       500,000  

Class C, 4.98%, 01/23/31

      250       250,000  

Class D, 5.78%, 01/23/31

      250       250,000  

Class E, 8.63%, 01/23/31

      250       250,000  

Ballyrock CLO Ltd., Series 2016-1A, Class C, (3 mo. LIBOR US + 2.70%), 5.14%, 10/15/28(d)(e)

      1,000       1,000,318  

BlueMountain CLO Ltd., Series 2016-1A, Class BR, 3.82%, 04/20/27(e)(f)

      850       841,065  

Cairn CLO VII BV, Series 2016-7X, Class E, (3 mo. EURIBOR + 6.35%), 6.35%, 01/31/30(d)

    EUR       900       1,021,505  

Carlyle Global Market Strategies CLO Ltd.(e):

     

Series 2012-4A, Class DR, (3 mo. LIBOR US + 4.10%), 6.57%, 01/20/29(d)

    USD       500       501,767  

Series 2016-1A, Class BR, 4.32%, 04/20/27(f)

      250       248,204  

Series 2016-3A, Class D, (3 mo. LIBOR US + 7.00%), 9.47%, 10/20/29(d)

      500       501,069  

Series 2017-1A, Class D, (3 mo. LIBOR US + 6.00%), 8.47%, 04/20/31(d)

      500       483,790  

Carlyle Global Market Strategies Euro CLO Ltd., Series 2014-2X, Class DRR, 5.70%, 11/17/31(f)

    EUR       193       212,867  
Security     Par
(000)
    Value  
Asset-Backed Securities (continued)  

Carlyle US CLO Ltd.(e):

     

Series 2016-4A, Class BR,
4.57%, 10/20/27(f)

    USD       250     $ 249,813  

Series 2017-2A, Class C, (3 mo. LIBOR US + 3.70%), 6.17%, 07/20/31(d)

      500       503,783  

Cedar Funding Ltd., Series 2017-8A, Class D, 5.70%, 10/17/30(e)

      535       537,363  

Cent CLO 17 Ltd., Series C17A(e)(f):

     

Class BR, 4.37%, 04/30/31

      500       496,125  

Class DR, 8.52%, 04/30/31

      750       717,041  

CIFC Funding I Ltd., Series 2017-1A, Class D, (3 mo. LIBOR US + 3.50%),
5.97%, 04/23/29(d)(e)

      500       502,615  

CIFC Funding Ltd.(e)(f):

     

Series 2014-2RA, Class A3, 4.39%, 04/24/30

      500       496,680  

Series 2014-4RA, Class A2, 4.11%, 10/17/30

      250       249,971  

Series 2014-4RA, Class B, 4.66%, 10/17/30

      250       249,846  

Series 2014-4RA, Class C, 5.66%, 10/17/30

      250       249,995  

Series 2018-1A, Class C, 4.19%, 04/18/31

      500       493,145  

Series 2018-4A, Class B, 4.53%, 10/17/31

      250       248,290  

Dryden 37 Senior Loan Fund, Series 2015-37A, Class DR, 4.94%, 01/15/31(e)(f)

      500       487,983  

Dryden Senior Loan Fund (d)(e):

     

Series 2014-36A, Class DR, (3 mo. LIBOR US + 4.24%), 6.68%, 01/15/28

      1,500       1,506,787  

Series 2017-50A, Class C, (3 mo. LIBOR US + 2.25%), 4.69%, 07/15/30

      500       500,436  

Fillmore Park CLO Ltd., Series 2018-1A, Class D, 5.15%, 07/15/30(e)(f)

      500       495,420  

Galaxy XV CLO Ltd., Series 2013-15A, Class BR, 4.04%, 10/15/30(e)(f)

      250       248,997  

Galaxy XVIII CLO Ltd., Series 2018-28A, Class C, 4.29%, 07/15/31(e)(f)

      250       247,551  

Galaxy XXIV CLO Ltd., Series 2017-24A, Class C, 4.14%, 01/15/31(e)(f)

      250       245,578  

Galaxy XXV CLO Ltd., Series 2018-25A, Class D, 5.47%, 10/25/31(e)(f)

      250       250,052  

Galaxy XXVI CLO Ltd., Series 2018-26A, Class B, 4.35%, 11/22/31(e)(f)(g)

      250       250,000  

Galaxy XXVII CLO Ltd., Series 2018-27A, Class D, 5.38%, 05/16/31(e)(f)

      500       492,151  
 

 

 

2   


Consolidated Schedule of Investments  (unaudited) (continued)

November 30, 2018

  

BlackRock Corporate High Yield Fund, Inc. (HYT)

(Percentages shown are based on Net Assets)

 

Security     Par
(000)
    Value  
Asset-Backed Securities (continued)  

Goldentree Loan Management US CLO 3 Ltd., Series 2018-3A, Class C,
4.37%, 04/20/30(e)(f)

    USD       550     $ 545,488  

Greenwood Park CLO Ltd., Series 2018-1A, Class D, 4.94%, 04/15/31(e)(f)

      500       489,022  

Harvest CLO XVI DAC, Series 16X, Class ER, 5.57%, 10/15/31(f)

    EUR       530       567,188  

Highbridge Loan Management Ltd. (e)(f):

     

Series 12A-18, Class B, 4.22%, 07/18/31

    USD       750       740,968  

Series 8A-2016, Class CR, 4.30%, 07/20/30

      500       493,696  

Jay Park CLO Ltd., Series 2016-1A, Class CR, 5.18%, 10/20/27(e)(f)

      276       275,942  

LCM XV LP, Series 15A, Class CR, (3 mo. LIBOR US + 2.40%), 4.87%, 07/20/30(d)(e)

      500       501,658  

LCM XXV Ltd., Series 25A, Class B2, (3 mo. LIBOR US + 1.65%), 4.12%, 07/20/30(d)(e)

      264       263,999  

Madison Park Funding XIII Ltd., Series 2014-13A, Class CR2, 4.35%, 04/19/30(e)(f)

      500       499,415  

Madison Park Funding XV Ltd., Series 2014-15A, Class CR, (3 mo. LIBOR US + 3.45%),
5.96%, 01/27/26(d)(e)

      500       500,774  

Madison Park Funding XVI Ltd., Series 2015-16A, Class D, (3 mo. LIBOR US + 5.50%),
7.97%, 04/20/26(d)(e)

      500       489,609  

Madison Park Funding XXV Ltd., Series 2017-25A, Class B, (3 mo. LIBOR US + 2.35%),
4.84%, 04/25/29(d)(e)

      550       550,706  

Madison Park Funding XXXI Ltd.,
Series 2018-31A(e)(f)(g):

     

Class B, 4.48%, 01/23/31

      250       250,000  

Class C, 4.93%, 01/23/31

      250       250,000  

Class D, 5.78%, 01/23/31

      250       250,000  

Class E, 8.38%, 01/23/31

      250       250,000  

Mill Creek II CLO Ltd., Series 2016-1A, Class E, (3 mo. LIBOR US + 7.75%), 10.22%, 04/20/28(d)(e)

      500       500,034  

Neuberger Berman CLO XVI-S Ltd., Series 2017-16SA, Class D, 4.94%, 01/15/28(e)(f)

      500       496,746  

Neuberger Berman CLO XVII Ltd., Series 2014-17A, Class DR, (3 mo. LIBOR US + 3.65%), 6.12%, 04/22/29(d)(e)

      500       503,740  

Neuberger Berman CLO XVIII Ltd.,
Series 2014-18A(e)(f):

     

Class BR2, 4.64%, 10/21/30

      500       499,565  

Class CR2, 5.49%, 10/21/30

      1,500       1,499,683  
Security     Par
(000)
    Value  
Asset-Backed Securities (continued)  

Neuberger Berman CLO XXII Ltd., Series 2016-22A, Class CR, 4.65%, 10/17/30(e)(f)

    USD       250     $ 249,759  

Neuberger Berman CLO XXIII Ltd.,
Series 2016-23A(e)(f):

     

Class CR, 4.60%, 10/17/27

      500       499,644  

Class DR, 5.35%, 10/17/27

      280       279,942  

Oak Hill Credit Partners,
Series 2014-10RA(e)(f)(g):

     

Class B, 1.00%, 12/12/30

      1,000       1,000,000  

Class C, 1.00%, 12/12/30

      508       508,000  

Octagon Investment Partners 37 Ltd., Series 2018-2A, Class B, 4.11%, 07/25/30(e)(f)

      250       246,399  

Octagon Investment Partners Ltd., Series 2016-1A, Class DR, 5.29%, 07/15/30(e)(f)

      500       500,029  

Octagon Investment Partners XVI Ltd., Series 2013-1A, Class CR, 4.19%, 07/17/30(e)(f)

      250       247,549  

Octagon Investment Partners XVII Ltd.,
Series 2013-1A(e)(f):

     

Class BR2, 3.89%, 01/25/31

      500       496,577  

Class CR2, 4.19%, 01/25/31

      750       735,544  

Octagon Investment Partners XXII Ltd., Series 2014-1A, Class DRR, 5.22%, 01/22/30(e)(f)

      1,000       990,497  

Octagon Investment Partners XXXII Ltd., Series 2017-1A, Class E, 8.64%, 07/15/29(e)(f)

      500       503,364  

Octagon Loan Funding Ltd., Series 2014-1A, Class BRR, 4.34%, 11/18/31(e)(f)

      250       250,000  

OHA Credit Partners XI Ltd., Series 2015-11A, Class DR, 5.45%, 01/20/32(e)(f)

      266       262,216  

OZLM VI Ltd., Series 2014-6A(e)(f):

     

Class B1S, 4.55%, 04/17/31

      500       499,234  

Class CS, 5.58%, 04/17/31

      500       503,313  

OZLM XIX Ltd., Series 2017-19A, Class C, 5.54%, 11/22/30(e)(f)

      500       502,491  

OZLM XX Ltd., Series 2018-20A(e)(f):

     

Class B, 4.42%, 04/20/31

      500       495,866  

Class C, 5.42%, 04/20/31

      750       743,299  

OZLME III DAC, Series 3X, Class E, 4.80%, 08/24/30(f)

    EUR       100       105,534  

Palmer Square CLO Ltd., Series 2013-2A(e)(f):

     

Class A2RR, 4.20%, 10/17/31

    USD       250       249,914  

Class BRR, 4.65%, 10/17/31

      334       333,719  

Class CRR, 5.65%, 10/17/31

      334       333,952  
 

 

 

     3  


Consolidated Schedule of Investments  (unaudited) (continued)

November 30, 2018

  

BlackRock Corporate High Yield Fund, Inc. (HYT)

(Percentages shown are based on Net Assets)

 

Security     Par
(000)
    Value  
Asset-Backed Securities (continued)  

Park Avenue Institutional Advisers CLO Ltd., Series 2016-1A, Class A2R, 4.48%, 08/23/31(e)(f)

    USD       500     $ 500,247  

Regatta VII Funding Ltd.,
Series 2016-1A(e)(f)(g):

     

Class CR, 1.00%, 12/20/28

      250       250,000  

Class DR, 1.00%, 12/20/28

      500       500,000  

Rockford Tower CLO Ltd.(e)(f):

     

Series 2018-1A, Class B, 4.36%, 05/20/31

      600       598,491  

Series 2018-1A, Class D, 5.64%, 05/20/31

      500       497,192  

Series 2018-2A, Class C, 4.63%, 10/20/31

      250       247,361  

RR 5 Ltd., Series 2018-5A, Class B,
4.68%, 10/15/31(e)(f)

      250       249,806  

Sound Point CLO III Ltd., Series 2013-2RA, Class C, 4.34%, 04/15/29(e)(f)

      500       498,058  

Stewart Park CLO Ltd., Series 2015-1A, Class DR, 5.04%, 01/15/30(e)(f)

      1,000       988,270  

Symphony CLO XII Ltd., Series 2013-12A, Class DR, (3 mo. LIBOR US + 3.25%),
5.69%, 10/15/25(d)(e)

      1,000       1,001,007  

TIAA CLO IV Ltd., Series 2018-1A, Class A2, 1.00%, 01/20/32(e)(f)(g)

      500       500,000  

TICP CLO XI Ltd., Series 2018-11A(e)(f):

     

Class C, 4.59%, 10/20/31

      250       249,544  

Class D, 5.49%, 10/20/31

      250       249,718  

TICP CLO XII Ltd., Series 2018-12A(e)(f)(g):

     

Class C, 1.00%, 01/15/31

      250       250,000  

Class D, 1.00%, 01/15/31

      500       500,000  

Treman Park CLO Ltd., Series 2015-1A, Class C3RR, 4.46%, 10/20/28(b)(e)(f)

      250       250,000  

TRESTLES CLO II Ltd., Series 2018-2A, Class A2, 4.00%, 07/25/31(e)(f)

      250       249,872  

Venture XXVI CLO Ltd., Series 2017-26A, Class D, (3 mo. LIBOR US + 4.25%), 6.72%, 01/20/29(d)(e)

      750       757,263  

Voya CLO Ltd.(e):

     

Series 2014-1A, Class BR2, 4.34%, 04/18/31(f)

      500       501,449  

Series 2014-2A, Class A2AR, (3 mo. LIBOR US + 1.65%), 4.10%, 04/17/30(d)

      250       250,187  

Series 2014-4A, Class BR2, 4.53%, 07/14/31(f)

      366       364,349  

Series 2017-1A, Class C, (3 mo. LIBOR US + 3.33%), 5.78%, 04/17/30(d)

      250       251,139  
Security     Par
(000)
    Value  
Asset-Backed Securities (continued)  

Webster Park CLO Ltd., Series 2015-1A, Class CR, 5.37%, 07/20/30(e)(f)

    USD       500     $ 498,913  

Westcott Park CLO Ltd., Series 2016-1A(d)(e):

     

Class D, (3 mo. LIBOR US + 4.35%), 6.82%, 07/20/28

      500       505,197  

Class E, (3 mo. LIBOR US + 7.20%), 9.67%, 07/20/28

      500       508,772  

York CLO 1 Ltd., Series 2014-1A(e)(f):

     

Class BRR, 3.82%, 10/22/29

      250       249,757  

Class CRR, 4.27%, 10/22/29

      500       499,951  

York CLO Ltd., Series 2016-1A, Class DR, (3 mo. LIBOR US + 3.60%),
6.07%, 10/20/29(d)(e)

      500       499,653  

York CLO-3 Ltd., Series 2016-1A, Class ER, (3 mo. LIBOR US + 6.40%),
8.87%, 10/20/29(d)(e)

      500       503,264  

York CLO-5 Ltd., Series 2018-1A, Class E, 8.44%, 10/22/31(e)(f)

      250       239,355  
     

 

 

 

Total Asset-Backed Securities — 4.9%
(Cost — $68,166,914)

 

    68,068,993  
 

 

 

 

Corporate Bonds — 111.1%

 

Aerospace & Defense — 3.3%

 

Arconic, Inc.:

     

6.15%, 08/15/20

      1,540       1,586,350  

5.87%, 02/23/22

      705       716,633  

5.13%, 10/01/24

      4,924       4,776,280  

5.90%, 02/01/27

      1,101       1,056,960  

BBA US Holdings, Inc., 5.38%, 05/01/26(e)

      1,733       1,676,677  

Bombardier, Inc.(e):

     

7.75%, 03/15/20

      1,434       1,460,888  

8.75%, 12/01/21

      2,981       3,074,156  

5.75%, 03/15/22

      419       398,050  

6.00%, 10/15/22

      1,369       1,297,264  

6.13%, 01/15/23

      2,948       2,800,600  

7.50%, 12/01/24

      4,591       4,367,189  

7.50%, 03/15/25

      5,584       5,304,800  

7.45%, 05/01/34

      686       596,820  

KLX, Inc., 5.88%, 12/01/22(e)

      4,175       4,297,641  

Koppers, Inc., 6.00%, 02/15/25(e)

      771       690,045  

Kratos Defense & Security Solutions, Inc., 6.50%, 11/30/25(e)

      1,357       1,397,710  

Pioneer Holdings LLC/Pioneer Finance Corp., 9.00%, 11/01/22(e)

      1,170       1,193,400  

TDC A/S, 3.75%, 03/02/22

    EUR       290       361,532  

TransDigm UK Holdings PLC,
6.88%, 05/15/26(e)

    USD       2,699       2,665,262  
 

 

 

4   


Consolidated Schedule of Investments  (unaudited) (continued)

November 30, 2018

  

BlackRock Corporate High Yield Fund, Inc. (HYT)

(Percentages shown are based on Net Assets)

 

Security     Par
(000)
    Value  
Aerospace & Defense (continued)  

TransDigm, Inc.:

     

6.00%, 07/15/22

    USD       3,518     $ 3,518,000  

6.50%, 07/15/24

      2,349       2,354,872  

6.50%, 05/15/25

      430       428,388  
     

 

 

 
        46,019,517  
Air Freight & Logistics — 0.2%  

XPO Logistics, Inc., 6.50%, 06/15/22(e)

      2,454       2,496,945  
     

 

 

 
Airlines — 0.2%  

US Airways Pass-Through Trust, Series 2013-1, Class B, 5.38%, 05/15/23

      2,697       2,764,159  
     

 

 

 
Auto Components — 1.0%  

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

    EUR       561       508,074  

Allison Transmission, Inc., 5.00%, 10/01/24(e)

    USD       827       795,988  

Federal-Mogul LLC/Federal-Mogul Financing Corp., 5.00%, 07/15/24

    EUR       220       257,107  

Fiat Chrysler Automobiles NV,
3.75%, 03/29/24

      400       483,452  

Fiat Chrysler Finance Europe,
4.75%, 07/15/22

      367       457,029  

Fiat Chrysler Finance Europe SA, 6.75%, 10/14/19

      160       190,666  

GKN Holdings PLC, 3.38%, 05/12/32

    GBP       405       485,347  

Goodyear Tire & Rubber Co., 5.00%, 05/31/26

    USD       471       428,610  

Icahn Enterprises LP/Icahn Enterprises Finance Corp.:

     

6.00%, 08/01/20

      140       141,050  

6.25%, 02/01/22

      1,452       1,475,595  

6.75%, 02/01/24

      1,586       1,595,912  

6.38%, 12/15/25

      982       969,725  

IHO Verwaltungs GmbH(h):

     

(2.75% Cash or 3.50% PIK), 2.75%, 09/15/21

    EUR       262       295,689  

(3.25% Cash or 4.00% PIK), 3.25%, 09/15/23

      615       678,077  

(3.75% Cash or 4.50% PIK), 3.75%, 09/15/26

      125       136,383  

(4.50% Cash or 5.25% PIK), 4.50%, 09/15/23(e)

    USD       1,367       1,271,310  

Schaeffler Finance BV, 4.75%, 05/15/23(e)

      440       429,000  

Tesla, Inc., 5.30%, 08/15/25(e)

      2,975       2,569,656  

Volvo Car AB, 2.00%, 01/24/25

    EUR       400       422,373  
     

 

 

 
        13,591,043  
Banks — 1.1%  

Allied Irish Banks PLC(5 year EUR Swap + 3.95%), 4.13%, 11/26/25(i)

      710       824,050  
Security     Par
(000)
    Value  
Banks (continued)  

Banco BPM SpA:

     

2.75%, 07/27/20

    EUR       800     $ 907,664  

1.75%, 04/24/23

      280       291,423  

Banco de Sabadell SA, 5.38%, 12/12/28(f)

      200       226,200  

Banco Espirito Santo SA(a)(j):

     

4.75%, 01/15/19

      1,900       618,410  

4.00%, 01/21/19

      1,100       367,367  

Banco Popolare di Milano Sarl, 4.25%, 01/30/19

      200       227,458  

Bank of Ireland(5 year EUR Swap + 3.55%),
4.25%, 06/11/24(i)

      540       616,754  

Bank of Ireland Group PLC, 3.13%, 09/19/27(f)

    GBP       100       120,145  

Bankia SA(i):

     

(5 year EUR Swap + 3.17%), 4.00%, 05/22/24

    EUR       700       798,017  

(5 year EUR Swap + 3.35%), 3.38%, 03/15/27

      200       228,254  

Barclays PLC:

     

4.38%, 09/11/24

    USD       3,020       2,803,796  

5.20%, 05/12/26

      800       761,780  

CaixaBank SA(i):

     

(5 year EUR Swap + 3.35%), 3.50%, 02/15/27

    EUR       200       232,949  

(5 year EUR Swap + 2.35%), 2.75%, 07/14/28

      100       111,132  

CIT Group, Inc.:

     

5.00%, 08/15/22

    USD       278       279,051  

5.00%, 08/01/23

      404       405,010  

5.25%, 03/07/25

      902       906,330  

6.13%, 03/09/28

      634       649,850  

6.00%, 04/01/36

      2,800       2,583,000  

Deutsche Pfandbriefbank AG, 4.60%, 02/22/27

    EUR       100       117,194  

IKB Deutsche Industriebank AG, 4.00%, 01/31/28(f)

      200       220,469  

Intesa Sanpaolo SpA:

     

2.13%, 08/30/23

      200       223,259  

6.63%, 09/13/23

      956       1,195,192  

Swedbank AB(5 year USD Swap + 3.77%),
5.50%(i)(k)

    USD       200       196,000  
     

 

 

 
        15,910,754  
Beverages — 0.2%  

BWAY Holding Co., 4.75%, 04/15/24

    EUR       423       462,285  

Horizon Parent Holdings Sarl, (8.25% Cash or 9.00% PIK), 8.25%, 02/15/22(h)

    EUR       350       403,760  

OI European Group BV, 4.00%, 03/15/23(e)

    USD       1,110       1,037,850  
 

 

 

     5  


Consolidated Schedule of Investments  (unaudited) (continued)

November 30, 2018

  

BlackRock Corporate High Yield Fund, Inc. (HYT)

(Percentages shown are based on Net Assets)

 

Security   Par
(000)
    Value  
Beverages (continued)  

Silgan Holdings, Inc., 3.25%, 03/15/25

    EUR       230     $ 261,533  
     

 

 

 
        2,165,428  
Building Materials — 0.1%  

Jeld-Wen, Inc., 4.63%, 12/15/25(e)

    USD       823       736,585  

Titan Global Finance PLC, 2.38%, 11/16/24

    EUR       246       260,520  
     

 

 

 
        997,105  
Building Products — 1.1%  

American Builders & Contractors Supply Co., Inc., 5.75%, 12/15/23(e)

    USD       860       858,882  

BMBG Bond Finance SCA, 3.00%, 06/15/21

    EUR       225       255,037  

CPG Merger Sub LLC, 8.00%, 10/01/21(e)

    USD       2,165       2,143,350  

Jeld-Wen, Inc., 4.88%, 12/15/27(e)

      129       112,553  

Masonite International Corp.(e):

     

5.63%, 03/15/23

      2,959       2,951,602  

5.75%, 09/15/26

      989       933,369  

PGT Escrow Issuer, Inc., 6.75%, 08/01/26(e)

      665       671,650  

Standard Industries, Inc.(e):

     

5.50%, 02/15/23

      768       753,600  

5.38%, 11/15/24

      1,239       1,177,050  

6.00%, 10/15/25

      2,308       2,250,300  

USG Corp.(e):

     

5.50%, 03/01/25

      904       910,780  

4.88%, 06/01/27

      1,586       1,587,982  
     

 

 

 
        14,606,155  
Cable Television Services — 0.0%  

CB Escrow Corp., 8.00%, 10/15/25(e)

      703       622,155  
     

 

 

 
Capital Markets — 1.4%  

Blackstone CQP Holdco LP(e):

     

6.50%, 03/20/21

      13,913       13,496,931  

6.00%, 08/18/21

      2,265       2,261,954  

Intertrust Group BV, 3.38%, 11/15/25

    EUR       581       650,633  

Lions Gate Capital Holdings LLC, 5.88%, 11/01/24(e)

    USD       598       602,485  

LPL Holdings, Inc., 5.75%, 09/15/25(e)

      323       306,043  

NFP Corp., 6.88%, 07/15/25(e)

      559       529,653  

Stevens Holding Co., Inc.,
6.13%, 10/01/26(e)

      1,161       1,146,487  
     

 

 

 
        18,994,186  
Chemicals — 3.7%  

Alpha 2 BV, (8.75% Cash or 9.50% PIK), 8.75%, 06/01/23(e)(h)

      1,632       1,583,040  

Alpha 3 BV/Alpha US Bidco, Inc., 6.25%, 02/01/25(e)

      4,500       4,320,000  

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

    EUR       185       203,294  
Security   Par
(000)
    Value  
Chemicals (continued)  

Axalta Coating Systems LLC, 4.88%, 08/15/24(e)

    USD       1,451     $ 1,404,858  

Blue Cube Spinco, Inc.:

     

9.75%, 10/15/23

      2,534       2,835,394  

10.00%, 10/15/25

      2,030       2,319,275  

CF Industries, Inc., 4.95%, 06/01/43

      412       319,040  

Chemours Co.:

     

6.63%, 05/15/23

      194       196,910  

7.00%, 05/15/25

      1,387       1,404,338  

4.00%, 05/15/26

    EUR       800       851,339  

5.38%, 05/15/27

    USD       1,903       1,717,458  

GCP Applied Technologies, Inc.,
5.50%, 04/15/26(e)

      1,186       1,135,595  

Hexion, Inc., 10.38%, 02/01/22(e)

      768       639,360  

Huntsman International LLC, 5.13%, 11/15/22

      1,445       1,471,024  

INEOS Finance PLC, 4.00%, 05/01/23

    EUR       448       512,196  

INEOS Group Holdings SA, 5.38%, 08/01/24

      350       395,945  

Momentive Performance Materials, Inc., 3.88%, 10/24/21

    USD       1,941       2,079,296  

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

      1,815       1,687,950  

OCI NV, 5.00%, 04/15/23

    EUR       290       339,390  

Olin Corp.:

     

5.13%, 09/15/27

    USD       530       497,697  

5.00%, 02/01/30

      109       97,010  

Platform Specialty Products Corp.(e):

     

6.50%, 02/01/22

      11,189       11,398,794  

5.88%, 12/01/25

      5,055       4,928,625  

PQ Corp.(e):

     

6.75%, 11/15/22

      2,337       2,424,637  

5.75%, 12/15/25

      3,056       2,855,465  

PSPC Escrow Corp., 6.00%, 02/01/23

    EUR       594       691,841  

Solvay SA, 4.50%(f)(k)

      100       112,836  

Versum Materials, Inc., 5.50%, 09/30/24(e)

    USD       543       536,213  

WR Grace & Co-Conn, 5.13%, 10/01/21(e)

      2,483       2,500,878  
     

 

 

 
        51,459,698  
Commercial Services & Supplies — 2.5%  

ADT Corp.:

     

3.50%, 07/15/22

      2,256       2,112,180  

4.13%, 06/15/23

      1,553       1,448,172  

4.88%, 07/15/32(e)

      3,265       2,579,350  

Advanced Disposal Services, Inc., 5.63%, 11/15/24(e)

      1,319       1,289,323  

Avolon Holdings Funding Ltd., 5.13%, 10/01/23(e)

      2,375       2,366,094  

Booz Allen Hamilton, Inc., 5.13%, 05/01/25(e)

      1,088       1,055,360  

Core & Main LP, 6.13%, 08/15/25(e)

      2,913       2,658,112  
 

 

 

6        


Consolidated Schedule of Investments  (unaudited) (continued)

November 30, 2018

  

BlackRock Corporate High Yield Fund, Inc. (HYT)

(Percentages shown are based on Net Assets)

 

Security   Par
(000)
    Value  
Commercial Services & Supplies (continued)  

Fortress Transportation & Infrastructure Investors LLC(e):

     

6.75%, 03/15/22

    USD       444     $ 451,193  

6.50%, 10/01/25

      470       454,725  

GFL Environmental, Inc., 5.38%, 03/01/23(e)

      826       755,790  

Harland Clarke Holdings Corp., 8.38%, 08/15/22(e)

      2,752       2,545,600  

KAR Auction Services, Inc.,
5.13%, 06/01/25(e)

      3,528       3,298,680  

Mobile Mini, Inc., 5.88%, 07/01/24

      3,503       3,520,480  

Paprec Holding SA, 4.00%, 03/31/25

    EUR       187       185,748  

Park Aerospace Holdings Ltd.(e):

     

3.63%, 03/15/21

    USD       1,473       1,436,175  

5.25%, 08/15/22

      2,560       2,560,000  

5.50%, 02/15/24

      15       15,092  

Ritchie Bros Auctioneers, Inc., 5.38%, 01/15/25(e)

      1,289       1,264,831  

United Rentals North America, Inc.:

     

5.75%, 11/15/24

      1,354       1,345,537  

5.50%, 05/15/27

      3,001       2,832,194  

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

      692       636,640  
     

 

 

 
        34,811,276  
Communications Equipment — 1.5%  

CommScope Technologies LLC(e):

     

6.00%, 06/15/25

      147       136,166  

5.00%, 03/15/27

      1,825       1,503,344  

CommScope, Inc.(e):

     

5.00%, 06/15/21

      2,278       2,258,637  

5.50%, 06/15/24

      1,804       1,664,009  

Nokia OYJ:

     

3.38%, 06/12/22

      714       677,407  

4.38%, 06/12/27

      852       795,811  

6.63%, 05/15/39

      3,486       3,595,112  

Zayo Group LLC/Zayo Capital, Inc.:

     

6.00%, 04/01/23

      2,128       2,117,360  

6.38%, 05/15/25

      2,099       2,059,644  

5.75%, 01/15/27(e)

      6,851       6,542,705  
     

 

 

 
        21,350,195  
Construction & Engineering — 0.6%  

Brand Industrial Services, Inc., 8.50%, 07/15/25(e)

      1,899       1,675,867  

Engility Corp., 8.88%, 09/01/24

      1,728       1,864,080  

frontdoor, Inc., 6.75%, 08/15/26(e)

      1,265       1,220,725  

Pisces Midco, Inc., 8.00%, 04/15/26(e)

      715       679,250  

SPIE SA, 3.13%, 03/22/24

    EUR       300       332,250  

SRS Distribution, Inc., 8.25%, 07/01/26(e)

    USD       1,500       1,410,000  

Tutor Perini Corp., 6.88%, 05/01/25(e)

      1,357       1,302,720  
Security   Par
(000)
    Value  
Construction & Engineering (continued)  

Weekley Homes LLC/Weekley Finance Corp., 6.63%, 08/15/25

    USD       474     $ 439,635  
     

 

 

 
        8,924,527  
Construction Materials — 1.3%  

American Builders & Contractors Supply Co., Inc., 5.88%, 05/15/26(e)

      1,737       1,682,719  

Autodis SA:

     

(3 mo. EURIBOR + 4.38%), 4.38%, 05/01/22(d)

    EUR       247       273,687  

4.38%, 05/01/22

      150       163,871  

HD Supply, Inc., 5.38%, 10/15/26(e)

    USD       10,950       10,570,035  

LKQ Italia Bondco SpA, 3.88%, 04/01/24

    EUR       220       255,289  

Navistar International Corp.,
6.63%, 11/01/25(e)

    USD       1,781       1,760,982  

New Enterprise Stone & Lime Co., Inc.,
10.13%, 04/01/22(e)

      1,106       1,139,180  

Rexel SA, 3.50%, 06/15/23

    EUR       461       532,336  

Williams Scotsman International, Inc.(e):

     

7.88%, 12/15/22

    USD       771       778,710  

6.88%, 08/15/23

      1,597       1,569,052  
     

 

 

 
        18,725,861  
Consumer Discretionary — 0.6%  

AA Bond Co. Ltd.:

     

4.25%, 07/31/43

    GBP       100       130,175  

4.88%, 07/31/43

      280       342,968  

Blitz F18-674 GmbH, 6.00%, 07/30/26

    EUR       280       309,257  

Live Nation Entertainment, Inc., 4.88%, 11/01/24(e)

    USD       296       286,380  

Nielsen Co. Luxembourg Sarl, 5.00%, 02/01/25(e)

      538       524,550  

ServiceMaster Co. LLC, 5.13%, 11/15/24(e)

      606       583,275  

Staples, Inc., 8.50%, 09/15/25(e)

      1,356       1,200,060  

Viking Cruises Ltd.(e):

     

6.25%, 05/15/25

      605       598,950  

5.88%, 09/15/27

      4,950       4,653,000  
     

 

 

 
        8,628,615  
Consumer Finance — 3.4%  

Alliance Data Systems Corp.(e):

     

5.88%, 11/01/21

      3,207       3,247,088  

5.38%, 08/01/22

      2,329       2,317,355  

Ally Financial, Inc.:

     

5.13%, 09/30/24

      1,230       1,245,744  

8.00%, 11/01/31

      11,400       13,311,780  

Iron Mountain UK PLC, 3.88%, 11/15/25

    GBP       290       337,753  

Mulhacen Pte Ltd., (6.5% Cash or 7.25% PIK), 6.50%, 08/01/23(h)

    EUR       1,037       1,115,289  

Navient Corp.:

     

6.63%, 07/26/21

    USD       1,454       1,468,540  

6.50%, 06/15/22

      2,048       2,055,680  
 

 

 

          7  


Consolidated Schedule of Investments  (unaudited) (continued)

November 30, 2018

  

BlackRock Corporate High Yield Fund, Inc. (HYT)

(Percentages shown are based on Net Assets)

 

Security   Par
(000)
    Value  
Consumer Finance (continued)  

5.50%, 01/25/23

    USD       932     $ 878,410  

7.25%, 09/25/23

      1,100       1,105,500  

5.88%, 10/25/24

      375       336,563  

6.75%, 06/25/25

      423       392,333  

6.75%, 06/15/26

      1,340       1,212,700  

5.63%, 08/01/33

      1,821       1,356,645  

Nexi Capital SpA, 3.63%, 05/01/23(f)

    EUR       317       357,081  

Refinitiv US Holdings, Inc.:

     

4.50%, 05/15/26

      545       609,282  

4.50%, 05/15/26(e)

      2,465       2,755,744  

6.25%, 05/15/26(e)

    USD       619       610,876  

6.88%, 11/15/26

    EUR       191       204,338  

8.25%, 11/15/26(e)

    USD       3,851       3,668,077  

Springleaf Finance Corp.:

     

6.13%, 05/15/22

      490       490,000  

6.88%, 03/15/25

      2,211       2,081,104  

7.13%, 03/15/26

      1,814       1,705,160  

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

      3,881       3,735,462  
     

 

 

 
        46,598,504  
Containers & Packaging — 2.5%  

Ardagh Packaging Finance PLC/Ardagh Holdings USA, Inc.:

     

4.13%, 05/15/23

    EUR       275       319,500  

4.63%, 05/15/23(e)

    USD       3,914       3,806,365  

6.75%, 05/15/24

    EUR       450       538,254  

7.25%, 05/15/24(e)

    USD       5,058       5,108,580  

4.75%, 07/15/27(e)

    GBP       427       505,234  

4.75%, 07/15/27

      362       428,325  

BWAY Holding Co., 5.50%, 04/15/24(e)

    USD       4,925       4,715,688  

Crown Americas LLC/Crown Americas Capital Corp.:

     

4.75%, 02/01/26(e)

      2,134       2,056,749  

Crown Americas LLC/Crown Americas Capital Corp. (continued):

     

4.25%, 09/30/26

      1,150       1,069,500  

Crown European Holdings SA, 3.38%, 05/15/25

    EUR       303       347,674  

Guala Closures SpA, 3.50%, 04/15/24(f)

      160       180,006  

Intertape Polymer Group, Inc., 7.00%, 10/15/26(e)

    USD       788       789,970  

Mercer International, Inc.:

     

6.50%, 02/01/24

      1,446       1,438,770  

5.50%, 01/15/26

      767       697,970  

Reynolds Group Issuer, Inc./Reynolds Group Issuer LLC/Reynolds Group Issuer Lu:

     

5.75%, 10/15/20

      6,255       6,246,803  

5.13%, 07/15/23(e)

      292       285,065  

7.00%, 07/15/24(e)

      4,356       4,345,110  
Security   Par
(000)
    Value  
Containers & Packaging (continued)  

Sappi Papier Holding GmbH, 4.00%, 04/01/23

    EUR       150     $ 172,829  

Sealed Air Corp.:

     

4.50%, 09/15/23

      560       688,581  

6.88%, 07/15/33(e)

    USD       700       712,250  

Smurfit Kappa Acquisitions ULC, 2.88%, 01/15/26

    EUR       526       597,899  
     

 

 

 
        35,051,122  
County/City/Special District/School District — 0.0%  

European TopSoho Sarl, Series SMCP, 4.00%, 09/21/21(l)

      200       218,269  
     

 

 

 
Diversified Consumer Services — 1.5%  

APX Group, Inc.:

     

8.75%, 12/01/20

    USD       1,915       1,833,612  

7.88%, 12/01/22

      1,649       1,610,867  

Ascend Learning LLC, 6.88%, 08/01/25(e)

      1,739       1,686,830  

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

      1,087       1,100,587  

Laureate Education, Inc., 8.25%, 05/01/25(e)

      591       630,893  

Matthews International Corp., 5.25%, 12/01/25(e)

      132       122,760  

Pinnacle Bidco PLC, 6.38%, 02/15/25

    GBP       292       373,942  

Prime Security Services Borrower LLC/Prime Finance, Inc., 9.25%, 05/15/23(e)

    USD       10,996       11,655,760  

RBS Global, Inc./Rexnord LLC, 4.88%, 12/15/25(e)

      1,406       1,333,942  

Verisure Holding AB, 3.50%, 05/15/23

    EUR       345       385,574  
     

 

 

 
        20,734,767  
Diversified Financial Services — 1.8%  

Arrow Global Finance PLC:

     

5.13%, 09/15/24

    GBP       325       372,718  

(3 mo. EURIBOR + 2.88%), 2.88%, 04/01/25(d)

    EUR       254       264,670  

3.75%, 03/01/26(f)

      117       126,018  

Banca IFIS SpA:

     

2.00%, 04/24/23

      210       213,266  

4.50%, 10/17/27(f)

      215       193,928  

Barclays PLC(5 year EUR Swap + 2.45%), 2.63%, 11/11/25(i)

      200       225,363  

Cabot Financial Luxembourg SA, 6.50%, 04/01/21

    GBP       100       126,137  

Credit Suisse Group AG, 7.50%(e)(f)(k)

    USD       1,075       1,057,531  

DPL, Inc., 7.25%, 10/15/21

      230       244,375  

FS Energy & Power Fund, 7.50%, 08/15/23(e)

      1,622       1,589,560  

Garfunkelux Holdco 3 SA:

     

7.50%, 08/01/22

    EUR       230       230,913  

4.50%, 09/01/23(f)

      220       211,583  
 

 

 

8        


Consolidated Schedule of Investments  (unaudited) (continued)

November 30, 2018

  

BlackRock Corporate High Yield Fund, Inc. (HYT)

(Percentages shown are based on Net Assets)

 

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

HSBC Holdings PLC, 6.25%(f)(k)

    USD       1,820     $ 1,716,988  

Intrum AB:

     

2.75%, 07/15/22

    EUR       437       458,861  

3.13%, 07/15/24

      110       112,078  

Jefferies Finance LLC/JFIN Co-Issuer
Corp.(e):

     

7.38%, 04/01/20

    USD       2,695       2,705,106  

6.88%, 04/15/22

      2,552       2,546,386  

Lehman Brother Holding Escrow, 1.00%, 09/22/19(b)(f)

      430       8,729  

Lehman Brothers Holdings, Inc.(b)(f):

     

4.75%, 01/16/19

    EUR       1,890       53,492  

1.00%, 02/05/19

      3,950       111,795  

5.38%, 10/17/19

      350       9,906  

1.00%, 12/31/49

    USD       1,535       31,160  

LHC3 PLC, (4.13% Cash or 4.88% PIK), 4.13%, 08/15/24(h)

    EUR       584       638,006  

Lincoln Finance Ltd., 6.88%, 04/15/21

      100       116,054  

MSCI, Inc., 5.25%, 11/15/24(e)

    USD       683       684,707  

Pershing Square Holdings Ltd.,
5.50%, 07/15/22(e)

      2,100       2,083,095  

Tempo Acquisition LLC/Tempo Acquisition Finance Corp., 6.75%, 06/01/25(e)

      2,389       2,257,605  

Travelport Corporate Finance PLC, 6.00%, 03/15/26(e)

      1,106       1,089,410  

UniCredit SpA:

     

6.95%, 10/31/22

    EUR       375       463,587  

(5 year EUR Swap + 4.10%), 5.75%, 10/28/25(i)

      900       1,038,106  

(5 year EUR Swap + 4.32%), 4.38%, 01/03/27(i)

      567       624,441  

Vantiv LLC/Vanity Issuer Corp.(e):

     

3.88%, 11/15/25

    GBP       357       435,233  

4.38%, 11/15/25

    USD       1,168       1,087,700  

Verisure Midholding AB:

     

5.75%, 12/01/23

    EUR       550       612,967  

Series NOV, 5.75%, 12/01/23

      100       110,946  

WMG Acquisition Corp.:

     

4.13%, 11/01/24

      495       580,704  

5.50%, 04/15/26(e)

    USD       776       752,720  
     

 

 

 
        25,185,844  
Diversified Telecommunication Services — 3.1%  

CenturyLink, Inc.:

     

Series P, 7.60%, 09/15/39

      54       44,820  

Series S, 6.45%, 06/15/21

      5,263       5,381,417  

Series U, 7.65%, 03/15/42

      2,110       1,753,516  

Series W, 6.75%, 12/01/23

      400       401,000  

Series Y, 7.50%, 04/01/24

      1,601       1,643,026  

Cincinnati Bell, Inc., 7.00%, 07/15/24(e)

      2,236       1,960,693  

Embarq Corp., 8.00%, 06/01/36

      2,334       2,191,042  
Security   Par
(000)
    Value  
Diversified Telecommunication Services (continued)  

Frontier Communications Corp.:

     

7.13%, 03/15/19

    USD       1,445     $ 1,443,194  

10.50%, 09/15/22

      908       726,400  

11.00%, 09/15/25

      7,041       4,963,905  

Level 3 Financing, Inc.:

     

5.38%, 08/15/22

      243       242,393  

5.63%, 02/01/23

      1,971       1,970,015  

5.13%, 05/01/23

      1,292       1,277,465  

5.38%, 01/15/24

      1,521       1,492,846  

5.38%, 05/01/25

      2,469       2,404,189  

5.25%, 03/15/26

      5,020       4,846,810  

OTE PLC, 3.50%, 07/09/20

    EUR       370       430,903  

Qwest Corp., 6.75%, 12/01/21

    USD       680       708,593  

SoftBank Group Corp.:

     

(5 year USD ICE Swap + 4.85%), 6.88%(i)(k)

      779       658,652  

4.00%, 04/20/23

    EUR       947       1,100,424  

4.75%, 07/30/25

      315       363,744  

Telecom Italia Capital SA:

     

6.38%, 11/15/33

    USD       831       739,590  

6.00%, 09/30/34

      4,713       4,029,615  

7.72%, 06/04/38

      134       131,320  

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

    EUR       140       193,764  

Telecom Italia SpA:

     

1.13%, 03/26/22(l)

      300       315,638  

3.25%, 01/16/23

      300       342,392  

5.88%, 05/19/23

    GBP       400       530,432  

Telecom Italia SpA/Milano, 2.88%, 01/28/26

    EUR       265       279,733  
     

 

 

 
        42,567,531  
Electric Utilities — 0.2%  

AES Corp., 5.50%, 04/15/25

    USD       628       632,710  

NextEra Energy Operating Partners LP(e):

     

4.25%, 09/15/24

      617       581,522  

4.50%, 09/15/27

      67       61,473  

Talen Energy Supply LLC, 6.50%, 06/01/25

      1,782       1,287,495  
     

 

 

 
        2,563,200  
Electrical Equipment — 0.0%  

Orano SA, 4.88%, 09/23/24

    EUR       350       405,150  
     

 

 

 
Electronic Equipment, Instruments & Components — 0.8%  

CDW LLC/CDW Finance Corp.:

     

5.00%, 09/01/23

    USD       3,624       3,628,530  

5.50%, 12/01/24

      5,200       5,200,000  

5.00%, 09/01/25

      714       696,150  

Energizer Gamma Acquisition BV, 4.63%, 07/15/26

    EUR       470       506,600  
 

 

 

          9  


Consolidated Schedule of Investments  (unaudited) (continued)

November 30, 2018

  

BlackRock Corporate High Yield Fund, Inc. (HYT)

(Percentages shown are based on Net Assets)

 

Security   Par
(000)
    Value  
Electronic Equipment, Instruments & Components (continued)  

Energizer Gamma Acquisition, Inc., 6.38%, 07/15/26(e)

    USD       365     $ 343,100  

Itron, Inc., 5.00%, 01/15/26(e)

      231       214,976  
     

 

 

 
        10,589,356  
Energy Equipment & Services — 1.9%  

Calfrac Holdings LP, 8.50%, 06/15/26(e)

      951       786,953  

CSI Compressco LP/CSI Compressco Finance, Inc., 7.50%, 04/01/25(e)

      2,137       2,088,917  

Ensco PLC:

     

4.50%, 10/01/24

      336       248,640  

5.20%, 03/15/25

      2,379       1,779,777  

Gates Global LLC/Gates Global Co., 6.00%, 07/15/22(e)

      3,066       3,050,670  

McDermott Technology Americas, Inc./McDermott Technology U.S., Inc., 10.63%, 05/01/24(e)

      307       263,253  

Oceaneering International, Inc., 4.65%, 11/15/24

      432       379,620  

Pattern Energy Group, Inc.,
5.88%, 02/01/24(e)

      935       909,288  

Pioneer Energy Services Corp., 6.13%, 03/15/22

      1,431       1,141,222  

Precision Drilling Corp., 6.50%, 12/15/21

      423       419,180  

SESI LLC, 7.75%, 09/15/24

      1,389       1,239,682  

Transocean, Inc.:

     

8.38%, 12/15/21

      275       280,844  

5.80%, 10/15/22

      2,390       2,198,800  

Transocean, Inc. (continued):

     

9.00%, 07/15/23(e)

      5,675       5,816,875  

Trinidad Drilling Ltd., 6.63%, 02/15/25(e)

      1,742       1,753,149  

USA Compression Partners LP/USA Compression Finance Corp.,
6.88%, 04/01/26(e)

      1,705       1,664,506  

Weatherford International Ltd., 7.75%, 06/15/21

      2,914       2,389,480  
     

 

 

 
        26,410,856  
Environmental, Maintenance, & Security Service — 0.2%  

Hulk Finance Corp., 7.00%, 06/01/26(e)

      828       741,060  

Tervita Escrow Corp., 7.63%, 12/01/21(e)

      2,133       2,090,340  
     

 

 

 
        2,831,400  
Equity Real Estate Investment Trusts (REITs) — 1.6%  

Five Point Operating Co. LP/Five Point Capital Corp., 7.88%, 11/15/25(e)

      985       968,994  

Hilton Domestic Operating Co., Inc.:

     

4.25%, 09/01/24

      1,684       1,605,947  

5.13%, 05/01/26(e)

      2,130       2,082,075  
Security   Par
(000)
    Value  
Equity Real Estate Investment Trusts (REITs) (continued)  

Hilton Worldwide Finance LLC/Hilton Worldwide Finance Corp., 4.63%, 04/01/25

    USD       350     $ 337,750  

iStar, Inc.:

     

4.63%, 09/15/20

      221       219,066  

6.00%, 04/01/22

      529       521,885  

5.25%, 09/15/22

      596       569,180  

MGM Growth Properties Operating Partnership LP/MGP Finance Co-Issuer, Inc.:

     

5.63%, 05/01/24

      8,085       8,164,637  

4.50%, 09/01/26

      2,598       2,395,148  

4.50%, 01/15/28

      1,613       1,423,473  

MPT Operating Partnership LP/MPT Finance Corp.:

     

6.38%, 03/01/24

      197       203,895  

5.50%, 05/01/24

      250       251,875  

5.00%, 10/15/27

      1,905       1,809,750  

NH Hotel Group SA, 3.75%, 10/01/23

    EUR       262       302,928  

Starwood Property Trust, Inc., 5.00%, 12/15/21

    USD       1,695       1,692,669  
     

 

 

 
        22,549,272  
Food & Staples Retailing — 0.3%  

Albertsons Cos. LLC/Safeway, Inc./New Albertson’s, Inc./Albertson’s LLC:

     

6.63%, 06/15/24

      874       842,318  

5.75%, 03/15/25

      1,011       902,317  

B&M European Value Retail SA, 4.13%, 02/01/22

    GBP       225       282,405  

Casino Guichard Perrachon SA:

     

4.56%, 01/25/23

    EUR       400       422,298  

4.50%, 03/07/24

      400       415,491  

Distribuidora Internacional de Alimentacion SA, 1.00%, 04/28/21

      100       64,564  

Nomad Foods Bondco PLC, 3.25%, 05/15/24

      200       225,305  

Post Holdings, Inc., 5.63%, 01/15/28(e)

    USD       484       448,910  

Rite Aid Corp., 6.13%, 04/01/23(e)

      943       810,980  

Tesco PLC, 5.00%, 03/24/23

    GBP       100       139,153  
     

 

 

 
        4,553,741  
Food Products — 1.2%  

Aramark Services, Inc.:

     

5.13%, 01/15/24

    USD       1,104       1,109,520  

5.00%, 02/01/28(e)

      2,829       2,687,550  

B&G Foods, Inc., 5.25%, 04/01/25

      971       917,692  

Boparan Finance PLC:

     

5.25%, 07/15/19

    GBP       110       129,655  

5.50%, 07/15/21

      200       180,944  

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

    USD       1,818       1,490,760  
 

 

 

10        


 

Consolidated Schedule of Investments  (unaudited) (continued)

November 30, 2018

  

BlackRock Corporate High Yield Fund, Inc. (HYT)

(Percentages shown are based on Net Assets)

 

Security     Par
(000)
    Value  
Food Products (continued)  

JBS USA LUX SA/JBS USA Finance, Inc.(e):

     

5.88%, 07/15/24

    USD       1,140     $ 1,120,050  

5.75%, 06/15/25

      5,217       5,047,447  

Post Holdings, Inc.(e):

     

5.50%, 03/01/25

      1,572       1,499,295  

5.75%, 03/01/27

      1,161       1,088,438  

Simmons Foods, Inc., 7.75%, 01/15/24(e)

      784       799,680  
        16,071,031  
Forest Products — 0.2%  

JBS USA LUX SA/JBS USA Finance, Inc., 6.75%, 02/15/28(e)

      2,106       2,042,820  
Health Care Equipment & Supplies — 2.6%  

Avantor, Inc.:

     

4.75%, 10/01/24

    EUR       126       144,591  

6.00%, 10/01/24(e) 

    USD       8,278       8,205,567  

9.00%, 10/01/25 (e)

      4,037       4,092,509  

DJO Finance LLC/DJO Finance Corp., 8.13%, 06/15/21(e)

      7,812       8,104,950  

Immucor, Inc., 11.13%, 02/15/22(e)

      1,380       1,407,600  

Mallinckrodt International Finance SA/Mallinckrodt CB LLC(e):

     

4.88%, 04/15/20

      1,110       1,095,570  

5.75%, 08/01/22

      3,013       2,746,349  

5.63%, 10/15/23

      34       29,070  

5.50%, 04/15/25

      345       273,413  

Ortho-Clinical Diagnostics, Inc./Ortho-Clinical Diagnostics SA, 6.63%, 05/15/22(e)

      9,808       9,440,200  

Teleflex, Inc., 4.88%, 06/01/26

      684       662,427  
        36,202,246  
Health Care Providers & Services — 6.7%  

Acadia Healthcare Co., Inc.:

     

5.13%, 07/01/22

      408       399,840  

5.63%, 02/15/23

      974       957,763  

6.50%, 03/01/24

      2,058       2,016,840  

AHP Health Partners, Inc., 9.75%, 07/15/26(e)

      1,052       1,049,370  

Centene Corp.:

     

4.75%, 05/15/22

      2,467       2,476,251  

5.38%, 06/01/26(e)

      8,250       8,301,562  

CHS/Community Health Systems, Inc., 8.63%, 01/15/24(e)

      3,152       3,203,220  

DaVita, Inc., 5.00%, 05/01/25

      1,938       1,816,875  

Eagle Holding Co. II LLC, (7.63% Cash or 8.38% PIK), 7.63%, 05/15/22(e)(h)

      1,255       1,253,431  

Encompass Health Corp., 5.75%, 11/01/24

      1,170       1,164,150  
Security     Par
(000)
    Value  
Health Care Providers & Services (continued)  

HCA, Inc.:

     

4.75%, 05/01/23

    USD       266     $ 266,000  

5.00%, 03/15/24

      5,695       5,709,237  

5.25%, 04/15/25

      6,562       6,627,620  

5.25%, 06/15/26

      4,345       4,377,587  

5.38%, 09/01/26

      2,231       2,208,690  

5.63%, 09/01/28

      2,361       2,322,634  

5.50%, 06/15/47

      8,898       8,564,325  

MEDNAX, Inc., 5.25%, 12/01/23(e)

      790       780,125  

Molina Healthcare, Inc., 4.88%, 06/15/25(e)

      685       645,613  

MPH Acquisition Holdings LLC, 7.13%, 06/01/24(e)

      3,886       3,876,285  

NVA Holdings, Inc., 6.88%, 04/01/26(e)

      1,106       1,054,848  

Polaris Intermediate Corp., (8.50% Cash), 8.50%, 12/01/22(e)(h)

      5,399       5,372,005  

RegionalCare Hospital Partners Holdings, Inc., 8.25%, 05/01/23(e)

      1,470       1,533,386  

Sotera Health Holdings LLC,
6.50%, 05/15/23(e)

      1,012       996,820  

Surgery Center Holdings, Inc.(e):

     

8.88%, 04/15/21

      1,066       1,081,990  

6.75%, 07/01/25

      1,254       1,161,518  

Tenet Healthcare Corp.:

     

6.00%, 10/01/20

      3,950       4,029,988  

7.50%, 01/01/22(e)

      1,284       1,332,150  

8.13%, 04/01/22

      5,090       5,293,600  

6.75%, 06/15/23

      615       607,313  

4.63%, 07/15/24

      5,982       5,705,332  

6.88%, 11/15/31

      1,608       1,411,020  

Unilabs Subholding AB, 5.75%, 05/15/25

    EUR       173       181,152  

Vizient, Inc., 10.38%, 03/01/24(e)

    USD       1,875       2,039,063  

WellCare Health Plans, Inc.:

     

5.25%, 04/01/25

      706       699,823  

5.38%, 08/15/26(e)

      1,959       1,944,660  
        92,462,086  
Health Care Technology — 0.2%  

Change Healthcare Holdings LLC/Change Healthcare Finance, Inc., 5.75%, 03/01/25(e)

      1,332       1,287,045  

IQVIA, Inc., 3.25%, 03/15/25(e)

    EUR       350       390,277  

Quintiles IMS, Inc., 3.25%, 03/15/25

      1,370       1,527,655  
        3,204,977  
Hotels, Restaurants & Leisure — 4.4%  

New Red Finance, Inc., 5.00%, 10/15/25(e)

    USD       8,040       7,559,208  

Boyd Gaming Corp., 6.00%, 08/15/26

      1,225       1,185,187  

Boyne USA, Inc., 7.25%, 05/01/25(e)

      508       528,320  

Caesars Resort Collection LLC/CRC Finco, Inc., 5.25%, 10/15/25(e)

      2,647       2,428,622  
 

 

     11  


Consolidated Schedule of Investments  (unaudited) (continued)

November 30, 2018

  

BlackRock Corporate High Yield Fund, Inc. (HYT)

(Percentages shown are based on Net Assets)

 

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

Churchill Downs, Inc., 4.75%, 01/15/28(e)

    USD       630     $ 573,300  

Codere Finance 2 Luxembourg SA, 7.63%, 11/01/21(e)

      400       339,920  

CPUK Finance Ltd., 4.25%, 02/28/47

    GBP       274       341,855  

EI Group PLC, 6.38%, 02/15/22

      110       142,883  

Eldorado Resorts, Inc.:

     

6.00%, 04/01/25

    USD       812       791,700  

6.00%, 09/15/26(e)

      717       693,698  

ESH Hospitality, Inc., 5.25%, 05/01/25(e)

      1,918       1,834,087  

GLP Capital LP/GLP Financing II, Inc.:

     

5.38%, 11/01/23

      256       259,438  

5.25%, 06/01/25

      668       663,658  

Golden Nugget, Inc., 6.75%, 10/15/24(e)

      3,326       3,267,795  

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

      316       301,385  

International Game Technology PLC:

     

4.75%, 02/15/23

    EUR       110       132,221  

3.50%, 07/15/24

      296       331,332  

KFC Holding Co./Pizza Hut Holdings LLC/Taco Bell of America LLC(e):

     

5.00%, 06/01/24

    USD       255       251,494  

5.25%, 06/01/26

      1,878       1,841,604  

4.75%, 06/01/27

      790       740,459  

Ladbrokes Group Finance PLC, 5.13%, 09/08/23

    GBP       420       547,227  

LHMC Finco Sarl, 6.25%, 12/20/23

    EUR       162       185,790  

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

    USD       1,847       1,639,978  

MGM Resorts International:

     

6.63%, 12/15/21

      1,349       1,413,077  

7.75%, 03/15/22

      2,604       2,799,300  

4.63%, 09/01/26

      3,124       2,838,935  

New Red Finance, Inc., 4.25%, 05/15/24(e)

      3,189       3,013,605  

Sabre GLBL, Inc.(e):

     

5.38%, 04/15/23

      1,516       1,508,420  

5.25%, 11/15/23

      745       739,413  

Schumann SpA, 7.00%, 07/31/23

    EUR       510       587,022  

Scientific Games International, Inc.:

     

10.00%, 12/01/22

    USD       6,527       6,762,951  

5.00%, 10/15/25(e)

      2,619       2,451,777  

3.38%, 02/15/26

    EUR       800       840,018  

Six Flags Entertainment Corp.(e):

     

4.88%, 07/31/24

    USD       3,954       3,785,955  

5.50%, 04/15/27

      301       288,208  

Stars Group Holdings BV/Stars Group US Co-Borrower LLC, 7.00%, 07/15/26(e)

      1,084       1,079,935  
Security     Par
(000)
    Value  
Hotels, Restaurants & Leisure (continued)  

Station Casinos LLC, 5.00%, 10/01/25(e)

    USD       1,074     $ 981,368  

Stonegate Pub Co. Financing PLC:

     

4.88%, 03/15/22

    GBP       187       231,982  

(3 mo. LIBOR GBP + 4.38%),
5.17%, 03/15/22(d)

      150       189,226  

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

      1,000       1,210,883  

Vue International Bidco PLC, 7.88%, 07/15/20

      520       662,396  

Wyndham Destinations, Inc.:

     

5.40%, 04/01/24

    USD       100       97,670  

5.75%, 04/01/27

      306       282,316  

Wyndham Hotels & Resorts, Inc.,
5.38%, 04/15/26(e)

      527       507,238  

Wynn Macau Ltd.(e):

     

4.88%, 10/01/24

      860       780,450  

5.50%, 10/01/27

      980       867,300  

Yum! Brands, Inc.:

     

3.88%, 11/01/23

      721       684,950  

5.35%, 11/01/43

      30       25,875  
        61,211,431  
Household Durables — 1.5%  

Algeco Scotsman Global Finance PLC, 8.00%, 02/15/23(e)

      3,607       3,534,860  

K Hovnanian Enterprises, Inc., 10.00%, 07/15/22(e)

      1,273       1,177,525  

Lennar Corp.:

     

6.63%, 05/01/20

      1,160       1,199,150  

Lennar Corp. (continued):

     

8.38%, 01/15/21

      2,810       3,024,262  

4.88%, 12/15/23

      968       946,220  

5.25%, 06/01/26

      302       289,165  

4.75%, 11/29/27

      2,510       2,309,200  

Mattamy Group Corp.(e):

     

6.88%, 12/15/23

      1,062       1,019,520  

6.50%, 10/01/25

      388       364,235  

MDC Holdings, Inc., 6.00%, 01/15/43

      716       555,795  

Meritage Homes Corp., 5.13%, 06/06/27

      404       355,520  

PulteGroup, Inc., 6.38%, 05/15/33

      2,805       2,573,587  

Tempur Sealy International, Inc., 5.50%, 06/15/26

      1,535       1,446,738  

TRI Pointe Group, Inc.:

     

4.88%, 07/01/21

      292       281,780  

5.25%, 06/01/27

      530       430,625  

TRI Pointe Group, Inc./TRI Pointe Homes, Inc., 4.38%, 06/15/19

      1,060       1,054,382  
        20,562,564  
 

 

12   


Consolidated Schedule of Investments  (unaudited) (continued)

November 30, 2018

  

BlackRock Corporate High Yield Fund, Inc. (HYT)

(Percentages shown are based on Net Assets)

 

Security     Par
(000)
    Value  
Independent Power and Renewable Electricity Producers — 2.4%  

AES Corp.:

     

4.50%, 03/15/23

    USD       1,021     $ 1,012,066  

4.88%, 05/15/23

      79       78,506  

6.00%, 05/15/26

      1,880       1,936,400  

5.13%, 09/01/27

      2,351       2,315,735  

Calpine Corp.:

     

6.00%, 01/15/22(e)

      251       251,314  

5.38%, 01/15/23

      2,682       2,541,195  

5.88%, 01/15/24(e)

      1,312       1,312,000  

5.75%, 01/15/25

      320       294,400  

5.25%, 06/01/26(e)

      6,332       5,888,760  

Clearway Energy Operating LLC:

     

5.38%, 08/15/24

      1,663       1,575,692  

5.75%, 10/15/25(e)

      783       753,638  

MPM Escrow LLC, 8.88%, 10/15/20(b)(f)

      3,738        

NRG Energy, Inc.:

     

6.25%, 05/01/24

      469       479,553  

6.63%, 01/15/27

      7,459       7,598,260  

5.75%, 01/15/28

      1,736       1,692,600  

TerraForm Power Operating LLC(e):

     

4.25%, 01/31/23

      1,191       1,131,450  

6.63%, 06/15/25(m)

      140       144,200  

5.00%, 01/31/28

      1,185       1,060,931  

Vistra Energy Corp.:

     

7.38%, 11/01/22

      1,935       2,007,562  

7.63%, 11/01/24

      778       826,625  
     

 

 

 
        32,900,887  
Industrial Conglomerates — 0.4%  

Algeco Global Finance PLC, 6.50%, 02/15/23

    EUR       500       556,427  

Apergy Corp., 6.38%, 05/01/26(e)

    USD       641       634,590  

BWX Technologies, Inc., 5.38%, 07/15/26(e)

      741       718,770  

Colfax Corp., 3.25%, 05/15/25

    EUR       689       725,677  

Vertiv Group Corp., 9.25%, 10/15/24(e)

    USD       3,659       3,549,230  
     

 

 

 
        6,184,694  
Insurance — 1.3%  

Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer, 8.25%, 08/01/23(e)

      7,033       7,151,717  

AmWINS Group, Inc., 7.75%, 07/01/26(e)

      1,269       1,262,655  

Ardonagh Midco 3 PLC:

     

8.38%, 07/15/23

    GBP       300       332,569  

8.63%, 07/15/23(e)

    USD       950       862,125  

Assicurazioni Generali SpA(i):

     

(3 mo. EURIBOR + 7.11%), 7.75%, 12/12/42

    EUR       300       383,808  

(3 mo. EURIBOR + 5.35%), 5.50%, 10/27/47

      200       226,961  
Security     Par
(000)
    Value  
Insurance (continued)  

AssuredPartners, Inc., 7.00%, 08/15/25(e)

    USD       131     $ 123,631  

BNP Paribas Cardif SA(3 mo. EURIBOR + 3.93%), 4.03%(i)(k)

    EUR       100       113,069  

Caisse Nationale de Reassurance Mutuelle Agricole Groupama, 6.00%, 01/23/27

      300       380,725  

Credit Agricole Assurances SA(5 year EUR Swap + 4.35%), 4.50%(i)(k)

      200       227,280  

Delta Lloyd NV(3 mo. EURIBOR + 3.90%),
4.38%(i)(k)

      190       215,529  

HUB International Ltd., 7.00%, 05/01/26 (e)

    USD       3,533       3,365,183  

Mapfre SA, 4.13%, 09/07/48(f)

    EUR       300       335,881  

Nationstar Mortgage Holdings, Inc.(e):

     

8.13%, 07/15/23

    USD       1,577       1,592,770  

9.13%, 07/15/26

      1,159       1,172,763  

USIS Merger Sub, Inc., 6.88%, 05/01/25(e)

      544       516,800  
     

 

 

 
        18,263,466  
Internet Software & Services — 1.0%  

Equinix, Inc.:

     

5.38%, 01/01/22

      1,110       1,124,918  

2.88%, 03/15/24

    EUR       245       278,654  

5.88%, 01/15/26

    USD       3,247       3,295,705  

Netflix, Inc.:

     

5.50%, 02/15/22

      2,087       2,128,740  

4.38%, 11/15/26

      473       435,217  

5.88%, 11/15/28(e)

      3,183       3,138,120  

4.63%, 05/15/29

    EUR       359       399,312  

Symantec Corp., 5.00%, 04/15/25(e)

    USD       1,596       1,544,507  

Uber Technologies, Inc., 7.50%, 11/01/23(e)

      748       731,170  

United Group BV:

     

4.38%, 07/01/22

    EUR       458       514,394  

(3 mo. EURIBOR + 4.38%),
4.38%, 07/01/23(d)

      595       666,837  
     

 

 

 
        14,257,574  
IT Services — 2.7%  

Banff Merger Sub, Inc.:

     

8.38%, 09/01/26

      600       658,747  

9.75%, 09/01/26(e)

    USD       7,373       6,939,836  

First Data Corp.(e):

     

7.00%, 12/01/23

      5,337       5,523,795  

5.75%, 01/15/24

      18,156       18,224,085  

Gartner, Inc., 5.13%, 04/01/25(e)

      1,176       1,159,830  

InterXion Holding NV, 4.75%, 06/15/25

    EUR       464       540,799  

WEX, Inc., 4.75%, 02/01/23(e)

    USD       3,891       3,843,141  
        36,890,233  
 

 

     13  


Consolidated Schedule of Investments  (unaudited) (continued)

November 30, 2018

  

BlackRock Corporate High Yield Fund, Inc. (HYT)

(Percentages shown are based on Net Assets)

 

Security     Par
(000)
    Value  
Leisure Products — 0.2%  

Mattel, Inc.:

     

6.75%, 12/31/25(e)

    USD       1,907     $ 1,797,347  

6.20%, 10/01/40

      566       444,310  

5.45%, 11/01/41

      332       258,960  
        2,500,617  
Machinery — 0.8%  

Mueller Water Products, Inc., 5.50%, 06/15/26(e)

      1,072       1,061,280  

Platin 1426 GmbH, 5.38%, 06/15/23

    EUR       258       273,987  

SPX FLOW, Inc.(e):

     

5.63%, 08/15/24

    USD       922       889,730  

5.88%, 08/15/26

      993       948,315  

Terex Corp., 5.63%, 02/01/25(e)

      4,399       4,048,400  

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

      3,160       2,591,200  

Wabash National Corp., 5.50%, 10/01/25(e)

      1,510       1,343,900  
        11,156,812  
Media — 14.4%  

Altice Financing SA(e):

     

6.63%, 02/15/23

      3,093       3,054,337  

7.50%, 05/15/26

      3,099       2,913,060  

Altice Finco SA:

     

7.63%, 02/15/25(e)

      240       205,200  

4.75%, 01/15/28

    EUR       200       182,255  

Altice France SA(e):

     

7.38%, 05/01/26

    USD       8,364       8,029,440  

8.13%, 02/01/27

      5,312       5,205,760  

Altice Luxembourg SA, 7.75%, 05/15/22(e)

      7,862       7,488,555  

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

      3,317       3,084,943  

Arqiva Broadcast Finance PLC, 6.75%, 09/30/23

    GBP       157       201,191  

Block Communications, Inc., 6.88%, 02/15/25(e)

    USD       685       693,563  

Cablevision Systems Corp., 8.00%, 04/15/20

      2,224       2,312,960  

Capital Stage Finance BV, 5.25%(f)(k)(l)

    EUR       100       115,174  

CBS Radio, Inc., 7.25%, 11/01/24(e)

    USD       103       98,623  

CCO Holdings LLC/CCO Holdings Capital Corp.(e):

     

4.00%, 03/01/23

      1,937       1,844,411  

5.13%, 05/01/23

      137       136,144  

5.13%, 05/01/27

      15,268       14,466,430  

5.00%, 02/01/28

      880       819,500  

Clear Channel International BV, 8.75%, 12/15/20(e)

      4,201       4,295,522  

Clear Channel Worldwide Holdings, Inc.:

     

6.50%, 11/15/22

      15,259       15,463,839  

Series B, 7.63%, 03/15/20

      6,065       6,057,419  
Security     Par
(000)
    Value  
Media (continued)  

CSC Holdings LLC:

     

10.13%, 01/15/23(e)

    USD       3,536     $ 3,828,074  

5.38%, 07/15/23(e)

      5,009       4,971,432  

5.25%, 06/01/24

      4,789       4,549,550  

7.75%, 07/15/25(e)

      4,974       5,210,166  

6.63%, 10/15/25(e)

      1,611       1,675,247  

10.88%, 10/15/25(e)

      11,138       12,836,545  

5.50%, 05/15/26(e)

      4,501       4,358,937  

7.50%, 04/01/28(e)

      3,490       3,594,630  

Series 144#, 5.13%, 12/15/21(e)

      2,027       2,019,399  

Series 144S, 5.13%, 12/15/21(e)

      4,398       4,381,507  

DISH DBS Corp.:

     

6.75%, 06/01/21

      2,308       2,345,505  

5.88%, 07/15/22

      4,574       4,362,452  

5.00%, 03/15/23

      1,948       1,704,500  

5.88%, 11/15/24

      3,024       2,570,400  

DKT Finance ApS, 7.00%, 06/17/23

    EUR       617       742,996  

eircom Finance DAC, 4.50%, 05/31/22

      300       345,233  

Gray Escrow, Inc., 7.00%, 05/15/27(e)

    USD       1,423       1,444,487  

Hughes Satellite Systems Corp.:

     

7.63%, 06/15/21

      595       622,340  

5.25%, 08/01/26

      2,561       2,388,133  

Inmarsat Finance PLC, 4.88%, 05/15/22(e)

      583       561,138  

Intelsat Jackson Holdings SA:

     

5.50%, 08/01/23

      3,869       3,414,392  

8.50%, 10/15/24(e)

      6,683       6,616,838  

9.75%, 07/15/25(e)

      5,635       5,818,137  

Level 3 Parent LLC, 5.75%, 12/01/22

      1,939       1,939,000  

MDC Partners, Inc., 6.50%, 05/01/24(e)

      2,003       1,702,550  

Meredith Corp., 6.88%, 02/01/26(e)

      776       793,460  

Midcontinent Communications/Midcontinent Finance Corp., 6.88%, 08/15/23(e)

      1,100       1,138,500  

Nielsen Finance LLC/Nielsen Finance Co., 5.00%, 04/15/22(e)

      2,343       2,291,220  

Qualitytech LP/QTS Finance Corp., 4.75%, 11/15/25(e)

      1,450       1,373,875  

Radiate Holdco LLC/Radiate Finance, Inc., 6.88%, 02/15/23(e)

      390       364,650  

Sirius XM Radio, Inc.(e):

     

4.63%, 05/15/23

      230       223,445  

5.00%, 08/01/27

      1,010       949,400  

TEGNA, Inc.:

     

5.13%, 10/15/19

      457       457,274  

5.50%, 09/15/24(e)

      344       344,860  

Telenet Finance Luxembourg Notes Sarl, 5.50%, 03/01/28(e)

      2,400       2,196,000  

Telenet Finance VI Luxembourg SCA,
4.88%, 07/15/27

    EUR       585       708,832  

Telesat Canada/Telesat LLC, 8.88%, 11/15/24(e)

    USD       2,154       2,299,395  

Tribune Media Co., 5.88%, 07/15/22

      1,962       1,986,525  
 

 

14   


Consolidated Schedule of Investments  (unaudited) (continued)

November 30, 2018

  

BlackRock Corporate High Yield Fund, Inc. (HYT)

(Percentages shown are based on Net Assets)

 

Security     Par
(000)
    Value  
Media (continued)  

United Group BV, 4.88%, 07/01/24

    EUR       399     $ 445,411  

Unitymedia GmbH, 3.75%, 01/15/27

      300       351,874  

Unitymedia Hessen GmbH & Co. KG/Unitymedia NRW GmbH:

     

4.00%, 01/15/25

      300       352,332  

3.50%, 01/15/27

      200       234,743  

6.25%, 01/15/29

      720       899,634  

Univision Communications, Inc.(e):

     

5.13%, 05/15/23

    USD       2,315       2,167,419  

5.13%, 02/15/25

      1,200       1,094,544  

UPC Holding BV, 5.50%, 01/15/28(e)

      620       564,200  

UPCB Finance IV Ltd.:

     

5.38%, 01/15/25(e)

      992       951,705  

4.00%, 01/15/27

    EUR       945       1,096,399  

UPCB Finance VII Ltd., 3.63%, 06/15/29

      160       176,303  

Videotron Ltd., 5.13%, 04/15/27(e)

    USD       2,383       2,257,893  

Virgin Media Finance PLC:

     

6.00%, 10/15/24(e)

      200       194,250  

6.38%, 10/15/24

    GBP       240       311,570  

4.50%, 01/15/25

    EUR       383       433,594  

5.75%, 01/15/25(e)

    USD       4,988       4,738,600  

Virgin Media Receivables Financing Notes I DAC, 5.50%, 09/15/24

    GBP       678       834,777  

Virgin Media Receivables Financing Notes II DAC, 5.75%, 04/15/23

      250       317,862  

Virgin Media Secured Finance PLC:

     

5.13%, 01/15/25

      210       268,262  

5.50%, 01/15/25

      180       230,512  

4.88%, 01/15/27

      309       376,222  

Virgin Media Secured Finance PLC (continued):

 

   

6.25%, 03/28/29

    GBP       829       1,082,256  

Ziggo Bond Co. BV:

     

7.13%, 05/15/24

    EUR       300       358,089  

4.63%, 01/15/25

      210       231,049  

5.88%, 01/15/25(e)

    USD       2,643       2,410,099  

Ziggo BV:

     

4.25%, 01/15/27

    EUR       260       291,069  

5.50%, 01/15/27(e)

    USD       1,587       1,477,894  
     

 

 

 
        199,947,912  
Metals & Mining — 4.3%  

Alcoa Nederland Holding BV(e):

     

7.00%, 09/30/26

      681       706,538  

6.13%, 05/15/28

      608       592,800  

Big River Steel LLC/BRS Finance Corp., 7.25%, 09/01/25(e)

      1,407       1,435,140  

Cleveland-Cliffs, Inc., 4.88%, 01/15/24(e)

      1,222       1,142,570  

CONSOL Energy, Inc., 11.00%, 11/15/25(e)

      2,829       3,161,407  

Constellium NV(e):

     

5.75%, 05/15/24

      1,668       1,559,580  
Security     Par
(000)
    Value  
Metals & Mining (continued)  

6.63%, 03/01/25

    USD       941     $ 901,008  

5.88%, 02/15/26

      3,427       3,110,002  

First Quantum Minerals Ltd.(e):

     

7.25%, 05/15/22

      791       764,304  

6.50%, 03/01/24

      413       362,924  

Freeport-McMoRan, Inc.:

     

4.00%, 11/14/21

      2,078       2,023,452  

3.55%, 03/01/22

      4,190       3,985,737  

3.88%, 03/15/23

      6,032       5,617,300  

4.55%, 11/14/24

      980       910,175  

5.40%, 11/14/34

      837       703,080  

5.45%, 03/15/43

      7,674       6,273,495  

Grinding Media, Inc./Moly-Cop AltaSteel Ltd., 7.38%, 12/15/23(e)

      2,662       2,668,655  

Joseph T Ryerson & Son, Inc., 11.00%, 05/15/22(e)

      1,378       1,467,570  

Kaiser Aluminum Corp., 5.88%, 05/15/24

      773       769,135  

Novelis Corp.(e):

     

6.25%, 08/15/24

      7,541       7,465,590  

5.88%, 09/30/26

      1,665       1,552,612  

Schmolz&Bickenbach Luxembourg Finance SA, 5.63%, 07/15/22

    EUR       111       124,153  

Steel Dynamics, Inc.:

     

5.25%, 04/15/23

    USD       949       947,814  

5.50%, 10/01/24

      1,540       1,536,150  

5.00%, 12/15/26

      470       453,785  

SunCoke Energy Partners LP/SunCoke Energy Partners Finance Corp., 7.50%, 06/15/25(e)

      1,660       1,630,950  

Teck Resources Ltd.:

     

4.50%, 01/15/21

      217       218,085  

5.20%, 03/01/42

      2,547       2,244,824  

5.40%, 02/01/43

      2,262       2,013,180  

United States Steel Corp.:

     

6.88%, 08/15/25

      1,912       1,805,827  

6.25%, 03/15/26

      2,091       1,911,948  
     

 

 

 
        60,059,790  
Multi-Utilities — 0.2%  

NGL Energy Partners LP/NGL Energy Finance Corp., 5.13%, 07/15/19

      980       977,550  

Superior Plus LP/Superior General Partner, Inc., 7.00%, 07/15/26(e)

      1,963       1,933,555  
     

 

 

 
        2,911,105  
Multiline Retail — 0.0%  

Neiman Marcus Group Ltd. LLC, 8.00%, 10/15/21(e)

      1,104       535,440  
     

 

 

 
Offshore Drilling & Other Services — 0.1%  

Entegris, Inc., 4.63%, 02/10/26(e)

      1,250       1,156,737  
     

 

 

 
 

 

 

     15  


Consolidated Schedule of Investments (unaudited) (continued)

November 30, 2018

  

BlackRock Corporate High Yield Fund, Inc. (HYT)

(Percentages shown are based on Net Assets)

 

Security     Par
(000)
    Value  
Oil, Gas & Consumable Fuels — 13.3%  

Antero Midstream Partners LP/Antero Midstream Finance Corp., 5.38%, 09/15/24

    USD       385     $ 375,452  

Antero Resources Corp.:

     

5.13%, 12/01/22

      744       729,120  

5.63%, 06/01/23

      784       778,120  

5.00%, 03/01/25

      1,964       1,865,800  

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

     

10.00%, 04/01/22

      956       1,010,970  

7.00%, 11/01/26

      1,262       1,183,125  

Berry Petroleum Co. LLC, 7.00%, 02/15/26 (e)

      1,744       1,656,765  

Bruin E&P Partners LLC, 8.88%, 08/01/23(e)

      2,204       2,049,720  

California Resources Corp., 8.00%, 12/15/22(e)

      3,493       2,676,511  

Callon Petroleum Co.:

     

6.13%, 10/01/24

      2,318       2,236,870  

Series WI, 6.38%, 07/01/26

      142       136,675  

Carrizo Oil & Gas, Inc.:

     

6.25%, 04/15/23

      1,544       1,470,660  

8.25%, 07/15/25

      1,435       1,460,112  

Chaparral Energy, Inc., 8.75%, 07/15/23 (e)

      1,695       1,601,775  

Cheniere Corpus Christi Holdings LLC:

     

7.00%, 06/30/24

      2,328       2,508,420  

5.88%, 03/31/25

      1,959       2,017,770  

5.13%, 06/30/27

      5,976       5,789,250  

Cheniere Energy Partners LP, Series WI, 5.25%, 10/01/25

      1,299       1,264,901  

Chesapeake Energy Corp.:

     

6.63%, 08/15/20

      437       438,093  

4.88%, 04/15/22

      1,036       963,480  

5.75%, 03/15/23

      216       200,880  

7.00%, 10/01/24

      5,023       4,671,390  

8.00%, 01/15/25

      1,412       1,359,050  

7.50%, 10/01/26

      1,057       980,368  

8.00%, 06/15/27

      4,237       4,025,150  

CNX Resources Corp., 5.88%, 04/15/22

      8,723       8,537,636  

Comstock Escrow Corp., 9.75%, 08/15/26(e)

      1,152       1,048,320  

Covey Park Energy LLC/Covey Park Finance Corp., 7.50%, 05/15/25(e)

      1,570       1,483,650  

Crestwood Midstream Partners LP/Crestwood Midstream Finance Corp., 6.25%, 04/01/23

      385       382,113  

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

      5,254       4,912,490  

DCP Midstream Operating LP:

     

5.38%, 07/15/25

      858       859,073  

6.45%, 11/03/36(e)

      1,282       1,282,000  

6.75%, 09/15/37(e)

      2,344       2,361,580  
Security     Par
(000)
    Value  
Oil, Gas & Consumable Fuels (continued)  

DEA Finance SA, 7.50%, 10/15/22

    EUR       430     $ 509,970  

Denbury Resources, Inc.(e):

     

9.25%, 03/31/22

    USD       2,439       2,432,902  

7.50%, 02/15/24

      807       713,186  

Diamond Offshore Drilling, Inc.:

     

7.88%, 08/15/25

      1,220       1,088,850  

5.70%, 10/15/39

      111       71,040  

4.88%, 11/01/43

      1,852       1,092,680  

Diamondback Energy, Inc.:

     

4.75%, 11/01/24(e)

      760       738,150  

4.75%, 11/01/24

      684       664,335  

5.38%, 05/31/25

      1,621       1,602,764  

Endeavor Energy Resources LP/EER Finance, Inc.(e):

     

5.50%, 01/30/26

      2,029       2,084,797  

5.75%, 01/30/28

      1,297       1,332,667  

EnLink Midstream Partners LP:

     

4.40%, 04/01/24

      1,638       1,562,661  

4.15%, 06/01/25

      150       135,760  

4.85%, 07/15/26

      1,469       1,340,916  

5.05%, 04/01/45

      360       273,677  

5.45%, 06/01/47

      987       787,284  

Ensco Jersey Finance Ltd., 3.00%, 01/31/24(l)

      1,561       1,230,775  

Ensco PLC:

     

7.75%, 02/01/26

      1,354       1,117,050  

5.75%, 10/01/44

      526       323,490  

EP Energy LLC/Everest Acquisition Finance, Inc.:

     

9.38%, 05/01/20

      122       113,460  

9.38%, 05/01/24(e)

      2,870       1,578,500  

7.75%, 05/15/26(e)

      2,326       2,238,775  

Extraction Oil & Gas, Inc.(e):

     

7.38%, 05/15/24

      1,415       1,245,200  

5.63%, 02/01/26

      3,190       2,488,200  

Genesis Energy LP/Genesis Energy Finance Corp.:

     

6.50%, 10/01/25

      716       647,980  

6.25%, 05/15/26

      1,040       915,200  

Great Western Petroleum LLC/Great Western Finance, Inc., 9.00%, 09/30/21(e)

      1,860       1,711,200  

Gulfport Energy Corp.:

     

6.63%, 05/01/23

      292       283,240  

6.38%, 01/15/26

      889       793,433  

Halcon Resources Corp., 6.75%, 02/15/25

      2,918       2,239,565  

Hess Infrastructure Partners LP/Hess Infrastructure Partners Finance Corp., 5.63%, 02/15/26 (e)

      2,008       1,947,760  

Jagged Peak Energy LLC, 5.88%, 05/01/26(e)

      86       82,345  
 

 

 

16   


Consolidated Schedule of Investments (unaudited) (continued)

November 30, 2018

  

BlackRock Corporate High Yield Fund, Inc. (HYT)

(Percentages shown are based on Net Assets)

 

Security     Par
(000)
    Value  
Oil, Gas & Consumable Fuels (continued)  

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

    USD       693     $ 670,478  

Matador Resources Co., 5.88%, 09/15/26(e)

      3,336       3,169,200  

MEG Energy Corp.(e):

     

6.38%, 01/30/23

      789       735,743  

6.50%, 01/15/25

      3,050       3,111,000  

Nabors Industries, Inc.:

     

4.63%, 09/15/21

      303       281,820  

5.75%, 02/01/25

      780       632,773  

New Enterprise Stone & Lime Co., Inc.,
6.25%, 03/15/26(e)

      480       442,800  

Newfield Exploration Co., 5.38%, 01/01/26

      1,103       1,098,864  

NGPL PipeCo LLC(e):

     

4.88%, 08/15/27

      1,870       1,785,850  

7.77%, 12/15/37

      2,808       3,229,200  

Noble Holding International Ltd.:

     

7.75%, 01/15/24

      1,118       978,250  

7.88%, 02/01/26(e)

      5,616       5,236,920  

5.25%, 03/15/42

      686       439,040  

Northern Oil and Gas, Inc., (8.75% Cash or 1.00% PIK), 9.50%, 05/15/23 (e)(h)

      1,759       1,728,217  

Pacific Drilling First Lien Escrow Issuer Ltd., 8.38%, 10/01/23

      3,248       3,199,280  

Parsley Energy LLC/Parsley Finance Corp.(e):

     

6.25%, 06/01/24

      458       456,855  

5.38%, 01/15/25

      2,170       2,077,775  

5.25%, 08/15/25

      532       502,740  

5.63%, 10/15/27

      1,353       1,285,350  

PBF Holding Co. LLC/ PBF Finance Corp., 7.25%, 06/15/25

      1,346       1,335,905  

PDC Energy, Inc.:

     

1.13%, 09/15/21(l)

      40       36,772  

6.13%, 09/15/24

      250       240,000  

5.75%, 05/15/26

      1,405       1,310,162  

Precision Drilling Corp., 7.13%, 01/15/26(e)

      324       303,750  

QEP Resources, Inc.:

     

6.88%, 03/01/21

      88       92,290  

5.38%, 10/01/22

      2,840       2,825,800  

5.25%, 05/01/23

      81       77,355  

5.63%, 03/01/26

      2,740       2,510,525  

Range Resources Corp.:

     

5.88%, 07/01/22

      1,444       1,425,950  

5.00%, 08/15/22

      530       502,175  

5.00%, 03/15/23

      392       369,705  

4.88%, 05/15/25

      864       781,920  

Resolute Energy Corp., 8.50%, 05/01/20

      2,474       2,493,792  

Rowan Cos., Inc., 4.88%, 06/01/22

      985       886,500  
Security     Par
(000)
    Value  

Oil, Gas & Consumable Fuels (continued)

 

Sanchez Energy Corp.:

     

7.75%, 06/15/21

    USD       6,744     $ 1,972,620  

7.25%, 02/15/23(e)

      1,169       999,495  

SESI LLC, 7.13%, 12/15/21

      655       618,975  

Seven Generations Energy Ltd.(e):

     

6.88%, 06/30/23

      1,869       1,869,000  

5.38%, 09/30/25

      307       285,510  

SM Energy Co.:

     

6.13%, 11/15/22

      1,211       1,189,807  

5.00%, 01/15/24

      867       805,226  

5.63%, 06/01/25

      385       353,238  

6.75%, 09/15/26

      24       23,040  

6.63%, 01/15/27

      239       228,245  

Southwestern Energy Co.:

     

6.20%, 01/23/25

      891       854,246  

7.50%, 04/01/26

      1,171       1,179,783  

7.75%, 10/01/27

      2,137       2,160,934  

Sunoco LP/Sunoco Finance Corp.:

     

4.88%, 01/15/23

      1,885       1,837,875  

5.50%, 02/15/26

      632       601,980  

5.88%, 03/15/28

      808       764,570  

Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp.(e):

     

4.75%, 10/01/23

      158       156,025  

5.50%, 09/15/24

      2,321       2,326,802  

Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp.(e) (continued):

     

5.50%, 01/15/28

      5,237       5,145,352  

Targa Resources Partners LP/Targa Resources Partners Finance Corp.:

     

5.25%, 05/01/23

      78       77,805  

4.25%, 11/15/23

      637       604,354  

5.13%, 02/01/25

      230       221,950  

5.88%, 04/15/26(e)

      1,817       1,807,915  

5.00%, 01/15/28

      2,308       2,133,077  

Transocean Guardian Ltd., 5.88%, 01/15/24(e)

      1,107       1,079,325  

Transocean Pontus Ltd., 6.13%, 08/01/25(e)

      1,312       1,279,200  

Transocean, Inc.(e):

     

7.25%, 11/01/25

      1,938       1,792,650  

7.50%, 01/15/26

      397       369,210  

Tullow Oil PLC:

     

7.00%, 03/01/25(e)

      400       366,000  

7.00%, 03/01/25

      200       183,000  

UGI International LLC, 3.25%, 11/01/25

    EUR       277       315,160  

Vantage Drilling International, 9.25%, 11/15/23(e)

    USD       822       819,945  

W&T Offshore, Inc., 2018 Term Loan, 9.75%, 11/01/23(e)

      747       676,035  

Weatherford International Ltd.:

     

6.50%, 08/01/36

      1,021       581,970  

5.95%, 04/15/42

      714       399,840  
 

 

     17  


Consolidated Schedule of Investments (unaudited) (continued)

November 30, 2018

  

BlackRock Corporate High Yield Fund, Inc. (HYT)

(Percentages shown are based on Net Assets)

 

Security     Par
(000)
    Value  
Oil, Gas & Consumable Fuels (continued)  

Whiting Petroleum Corp., 6.63%, 01/15/26

    USD       751     $ 722,838  

WildHorse Resource Development Corp., 6.88%, 02/01/25

      1,138       1,109,550  

WPX Energy, Inc., 8.25%, 08/01/23

      1,275       1,392,937  
     

 

 

 
        185,265,341  

Paper & Forest Products — 0.1%

 

Norbord, Inc., 6.25%, 04/15/23(e)

      1,566       1,567,957  
     

 

 

 

Pharmaceuticals — 3.6%

 

Bausch Health Cos., Inc.:

     

5.63%, 12/01/21(e)

      724       723,095  

6.50%, 03/15/22(e)

      1,037       1,069,188  

5.50%, 03/01/23(e)

      3,974       3,839,878  

4.50%, 05/15/23

    EUR       2,115       2,346,504  

5.88%, 05/15/23(e)

    USD       4,358       4,243,602  

7.00%, 03/15/24(e)

      3,210       3,358,463  

6.13%, 04/15/25(e)

      6,059       5,687,583  

5.50%, 11/01/25(e)

      3,365       3,306,113  

9.00%, 12/15/25(e)

      88       92,840  

Charles River Laboratories International, Inc., 5.50%, 04/01/26(e)

      809       809,000  

Elanco Animal Health, Inc.(e):

     

4.27%, 08/28/23

      811       804,860  

4.90%, 08/28/28

      871       876,163  

Endo Dac/Endo Finance LLC/Endo Finco, Inc., 6.00%, 07/15/23(e)

      1,797       1,491,762  

Endo Finance LLC/Endo Finco, Inc., 7.25%, 01/15/22(e)

      1,176       1,099,560  

Jaguar Holding Co. II/Pharmaceutical Product Development LLC, 6.38%, 08/01/23(e)

      8,621       8,545,566  

MEDNAX, Inc., 6.25%, 01/15/27(e)

      520       517,920  

Nidda BondCo GmbH, 7.25%, 09/30/25

    EUR       437       481,885  

Rossini Sarl, 6.75%, 10/30/25

      1,167       1,321,557  

Syneos Health, Inc./inVentiv Health, Inc./inVentiv Health Clinical, Inc., 7.50%, 10/01/24(e)

    USD       878       921,900  

Synlab Bondco PLC, 6.25%, 07/01/22

    EUR       885       1,027,037  

Synlab Unsecured Bondco PLC, 8.25%, 07/01/23

      159       190,113  

Team Health Holdings, Inc., 6.38%, 02/01/25(e)

    USD       3,148       2,597,100  

Valeant Pharmaceuticals International, 8.50%, 01/31/27(e)

      3,455       3,575,925  

Valeant Pharmaceuticals International, Inc., 9.25%, 04/01/26(e)

      1,080       1,149,865  
     

 

 

 
        50,077,479  
Real Estate Management & Development — 0.4%  

ADLER Real Estate AG:

     

4.75%, 04/08/20

    EUR       32       36,612  

2.13%, 02/06/24

      325       348,072  
Security     Par
(000)
    Value  
Real Estate Management & Development (continued)  

Akelius Residential Property AB, 3.88%, 10/05/78(f)

    EUR       125     $ 136,367  

Greystar Real Estate Partners LLC, 5.75%, 12/01/25(e)

    USD       1,158       1,100,100  

Howard Hughes Corp., 5.38%, 03/15/25(e)

      1,568       1,485,680  

Newmark Group, Inc., 6.13%, 11/15/23(e)

      642       630,879  

Realogy Group LLC/Realogy Co-Issuer Corp., 4.50%, 04/15/19(e)

      806       804,993  

Residomo SRO, 3.38%, 10/15/24

    EUR       420       470,444  

Summit Germany Ltd., 2.00%, 01/31/25

      145       153,815  
     

 

 

 
        5,166,962  
Restaurants — 0.1%  

IRB Holding Corp., 6.75%, 02/15/26(e)

    USD       937       864,382  
     

 

 

 

Road & Rail — 0.9%

 

Avis Budget Finance PLC, 4.75%, 01/30/26

    EUR       707       767,379  

CMA CGM SA, 5.25%, 01/15/25

      400       377,664  

EC Finance PLC, 2.38%, 11/15/22

      378       420,103  

Europcar Mobility Group, 5.75%, 06/15/22

      110       126,710  

Flexi-Van Leasing, Inc., 10.00%, 02/15/23(e)

    USD       1,094       899,815  

Herc Rentals, Inc.(e):

     

7.50%, 06/01/22

      1,230       1,288,425  

7.75%, 06/01/24

      1,051       1,110,718  

Hertz Corp., 7.63%, 06/01/22(e)

      2,628       2,582,010  

Hertz Holdings Netherlands BV, 5.50%, 03/30/23

    EUR       443       498,938  

Loxam SAS:

     

3.50%, 04/15/22

      168       193,040  

3.50%, 05/03/23

      150       171,533  

United Rentals North America, Inc.:

     

4.63%, 07/15/23

    USD       944       938,100  

4.63%, 10/15/25

      2,460       2,277,837  

5.88%, 09/15/26

      319       309,829  
     

 

 

 
        11,962,101  
Semiconductors & Semiconductor Equipment — 0.5%  

Advanced Micro Devices, Inc.:

     

7.50%, 08/15/22

      422       459,453  

7.00%, 07/01/24

      409       429,961  

Qorvo, Inc., 5.50%, 07/15/26(e)

      2,652       2,572,440  

Sensata Technologies BV(e):

     

5.63%, 11/01/24

      903       905,258  

5.00%, 10/01/25

      3,297       3,173,362  
     

 

 

 
        7,540,474  
Software — 4.7%  

ACI Worldwide, Inc., 5.75%, 08/15/26(e)

      3,459       3,433,058  
 

 

18   


Consolidated Schedule of Investments  (unaudited) (continued)

November 30, 2018

  

BlackRock Corporate High Yield Fund, Inc. (HYT)

(Percentages shown are based on Net Assets)

 

Security     Par
(000)
    Value  
Software (continued)  

CDK Global, Inc., 4.88%, 06/01/27

    USD       4,326     $ 4,033,995  

Genesys Telecommunications Laboratories, Inc./Greeneden Lux 3 Sarl/Greeneden US Ho, 10.00%, 11/30/24(e)

      3,875       4,185,000  

Infor Software Parent LLC/Infor Software Parent, Inc., (7.13% Cash or 7.88% PIK), 7.13%, 05/01/21(e)(h)

      3,521       3,512,197  

Infor US, Inc., 6.50%, 05/15/22

      12,511       12,448,445  

Informatica LLC, 7.13%, 07/15/23(e)

      5,308       5,321,270  

Nuance Communications, Inc.:

     

5.38%, 08/15/20(e)

      237       237,444  

6.00%, 07/01/24

      1,630       1,621,850  

5.63%, 12/15/26

      1,410       1,354,023  

PTC, Inc., 6.00%, 05/15/24

      1,996       2,050,890  

Rackspace Hosting, Inc., 8.63%, 11/15/24(e)

      1,189       1,004,705  

RP Crown Parent LLC, 7.38%, 10/15/24 (e)

      2,705       2,742,194  

Solera LLC/Solera Finance, Inc., 10.50%, 03/01/24(e)

      10,971       11,821,252  

Sophia LP/Sophia Finance, Inc., 9.00%, 09/30/23(e)

      1,553       1,599,590  

TIBCO Software, Inc., 11.38%, 12/01/21(e)

      7,252       7,678,055  

Veritas US, Inc./Veritas Bermuda Ltd., 7.50%, 02/01/23(e)

      1,938       1,733,643  
     

 

 

 
        64,777,611  
Specialty Retail — 0.7%  

Asbury Automotive Group, Inc., 6.00%, 12/15/24

      2,505       2,439,244  

Catalent Pharma Solutions, Inc., 4.88%, 01/15/26(e)

      1,907       1,806,882  

Group 1 Automotive, Inc., 5.25%, 12/15/23(e)

      264       255,420  

Hexion, Inc., 6.63%, 04/15/20

      670       553,587  

L Brands, Inc.:

     

6.88%, 11/01/35

      2,579       2,184,091  

6.75%, 07/01/36

      384       319,680  

Penske Automotive Group, Inc.:

     

5.75%, 10/01/22

      729       732,645  

5.50%, 05/15/26

      346       320,050  

PVH Corp., 3.13%, 12/15/27

    EUR       542       585,748  

Shop Direct Funding PLC, 7.75%, 11/15/22

    GBP       440       465,434  

Tendam Brands SAU, 5.00%, 09/15/24

    EUR       186       194,251  
     

 

 

 
        9,857,032  
Technology Hardware, Storage & Peripherals — 0.9%  

Dell International LLC/EMC Corp.(e):

     

7.13%, 06/15/24

    USD       4,522       4,726,394  

6.02%, 06/15/26

      1,390       1,405,182  
Security     Par
(000)
    Value  
Technology Hardware, Storage & Peripherals (continued)  

Western Digital Corp., 4.75%, 02/15/26

    USD       6,939       $6,349,185  
        12,480,761  
Textiles, Apparel & Luxury Goods — 0.0%  

SMCP Group SAS, 5.88%, 05/01/23

    EUR       97       114,442  
     

 

 

 
Thrifts & Mortgage Finance — 0.2%  

Bracken MidCo1 PLC, 8.88%, 10/15/23(h)

    GBP       186       225,848  

Jerrold Finco PLC:

     

6.25%, 09/15/21

      325       412,392  

6.13%, 01/15/24

      345       426,506  

Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp.(e):

     

5.25%, 03/15/22

    USD       264       261,360  

Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp.(e) (continued):

     

5.25%, 10/01/25

      2,176       1,980,160  
     

 

 

 
        3,306,266  
Transportation Infrastructure — 0.0%  

Ceva Logistics Finance BV, 5.25%, 08/01/25

    EUR       217       240,148  

CMA CGM SA, 6.50%, 07/15/22

      200       211,119  
     

 

 

 
        451,267  
Utilities — 0.1%  

ContourGlobal Power Holdings SA, 3.38%, 08/01/23

      481       519,981  

Vistra Operations Co. LLC, 5.50%, 09/01/26(e)

    USD       1,310       1,288,713  
     

 

 

 
        1,808,694  
Wireless Telecommunication Services — 4.9%  

CoreCivic, Inc., 4.75%, 10/15/27

      1,135       959,075  

CyrusOne LP/CyrusOne Finance Corp., 5.38%, 03/15/27

      472       462,560  

Digicel Group Ltd., 8.25%, 09/30/20(e)

      1,222       812,630  

Digicel Ltd., 6.00%, 04/15/21(e)

      5,564       4,951,960  

Equinix, Inc., 2.88%, 10/01/25

    EUR       420       459,958  

Frontier Communications Corp., 8.50%, 04/01/26(e)

    USD       2,254       2,045,663  

GEO Group, Inc.:

     

5.88%, 01/15/22

      350       343,266  

5.13%, 04/01/23

      184       166,060  

5.88%, 10/15/24

      2,472       2,224,800  

6.00%, 04/15/26

      304       269,800  

Iron Mountain, Inc., 3.00%, 01/15/25

    EUR       150       163,965  

Matterhorn Telecom SA, 3.88%, 05/01/22

      835       927,197  

Radiate Holdco LLC/Radiate Finance, Inc., 6.63%, 02/15/25(e)

    USD       1,539       1,385,100  
 

 

     19  


Consolidated Schedule of Investments   (unaudited) (continued)

November 30, 2018

  

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.:

     

4.00%, 10/01/22

    USD       2,644     $ 2,551,460  

4.88%, 09/01/24

      5,079       4,927,392  

Sprint Capital Corp.:

     

6.90%, 05/01/19

      640       647,200  

8.75%, 03/15/32

      427       463,829  

Sprint Corp.:

     

7.88%, 09/15/23

      8,953       9,420,347  

7.13%, 06/15/24

      16,262       16,505,930  

7.63%, 02/15/25

      1,856       1,909,360  

7.63%, 03/01/26

      3,971       4,070,275  

T-Mobile USA, Inc.:

     

4.00%, 04/15/22

      591       581,396  

6.50%, 01/15/24

      2,638       2,717,140  

6.38%, 03/01/25

      994       1,022,578  

6.50%, 01/15/26

      1,549       1,607,087  

4.50%, 02/01/26

      1,630       1,529,673  

4.75%, 02/01/28

      3,329       3,082,820  

VICI Properties 1 LLC/VICI FC, Inc., 8.00%, 10/15/23

      1,327       1,443,211  

Vodafone Group PLC, Series VOD, 0.00%, 11/26/20(l)(n)

    GBP       200       246,470  

Wind Tre SpA:

     

2.63%, 01/20/23

    EUR       170       174,655  

2.75%, 01/20/24(f)

      200       204,729  

3.13%, 01/20/25

      500       503,785  
     

 

 

 
        68,781,371  

Total Corporate Bonds — 111.1%
(Cost — $1,606,388,916)

 

    1,544,871,193  
     

 

 

 

Floating Rate Loan Interests (d) — 19.1%

 

Aerospace & Defense — 0.3%  

Accudyne Industries LLC, 2017 Term Loan,
(1 mo. LIBOR + 3.00%, 1.00% Floor), 5.34%, 08/18/24

    USD       2,540       2,498,108  

Atlantic Aviation FBO, Inc., 2018 Term Loan B, 1.00%, 11/29/25(b)

      601       599,497  

Sequa Mezzanine Holdings LLC, 2nd Lien Term Loan,
(3 mo. LIBOR + 9.00%, 1.00% Floor),
11.52%, 04/28/22(b)

      385       370,563  

WP CPP Holdings LLC, 2018 Term Loan,
(1 mo. LIBOR + 3.75%, 1.00% Floor), 6.28%, 04/30/25

      330       327,113  
     

 

 

 
        3,795,281  
Security     Par
(000)
    Value  
Auto Components — 0.1%  

USI, Inc., 2017 Repriced Term Loan, (3 mo. LIBOR + 3.00%), 5.39%, 05/16/24

    USD       1,078     $ 1,049,311  
     

 

 

 
Auto Parts — 0.0%  

Mavis Tire Express Services Corp.:

     

2018 1st Lien Term Loan, (1 mo. LIBOR + 3.25%), 5.56%, 03/20/25

      466       459,329  

2018 Delayed Draw Term Loan, (1 mo. LIBOR + 3.25%), 2.41%, 03/20/25

      75       8,608  
     

 

 

 
        467,937  
Capital Markets — 0.1%  

Horizon Holdings III SAS, EUR Term Loan B4, (EURIBOR + 2.75%), 2.75%, 10/29/22

    EUR       1,000       1,117,689  
     

 

 

 
Chemicals — 1.3%  

Allnex (Luxembourg) & Cy S.C.A., 2016 EUR Term Loan B1, (EURIBOR + 3.25%), 3.25%, 09/13/23

      995       1,118,295  

Alpha 3 BV, 2017 Term Loan B1, 01/31/24(o)

    USD       2,146       2,134,640  

Element Materials Technology Group US Holdings, Inc., 2017 Term Loan B, (1 mo. LIBOR + 3.50%, 1.00% Floor), 5.84%, 06/28/24

      342       341,556  

Invictus US LLC:

     

1st Lien Term Loan, (2 mo. LIBOR + 3.00%), 5.50%, 03/28/25

      681       676,057  

2nd Lien Term Loan, (2 mo. LIBOR + 6.75%), 9.25%, 03/25/26

      374       372,598  

Messer Industries LLC, 2018 USD Term Loan, 10/01/25(o)

      5,219       5,137,479  

Starfruit Finco BV:

     

2018 EUR Term Loan B, (EURIBOR + 3.75%), 3.75%, 10/01/25

    EUR       1,000       1,130,470  

2018 USD Term Loan B, (1 mo. LIBOR + 3.25%), 5.55%, 10/01/25

    USD       6,842       6,739,370  
     

 

 

 
        17,650,465  
Commercial Services & Supplies — 1.4%  

Asurion LLC, 2017 2nd Lien Term Loan, (1 mo. LIBOR + 6.50%), 8.84%, 08/04/25

      2,868       2,920,571  

GFL Environmental, Inc., 2018 USD Term Loan B, (3 mo. LIBOR + 3.00%, 1.00% Floor), 5.39%, 05/30/25

      4,085       3,970,130  
 

 

 

20   


Consolidated Schedule of Investments  (unaudited) (continued)

November 30, 2018

  

BlackRock Corporate High Yield Fund, Inc. (HYT)

(Percentages shown are based on Net Assets)

 

Security          Par
(000)
    Value  
Commercial Services & Supplies (continued)  

Silk Bidco AS, EUR Term Loan B, (EURIBOR + 3.75%), 3.75%, 02/07/25

    EUR       1,000     $ 1,130,447  

Verscend Holding Corp., 2018 Term Loan B, (1 mo. LIBOR + 4.50%), 6.84%, 08/27/25

    USD       8,263       8,249,381  

West Corp., 2017 Term Loan, (3 mo. LIBOR + 4.00%, 1.00% Floor), 6.53%, 10/10/24

      2,830       2,716,668  

West Corporation, 2018 Term Loan B1, (3 mo. LIBOR + 3.50%, 1.00% Floor), 6.03%, 10/10/24

      483       469,817  
     

 

 

 
    19,457,014  
Construction & Engineering — 1.0%  

Brand Energy & Infrastructure Services, Inc., 2017 Term Loan, (3 mo. LIBOR + 4.25%, 1.00% Floor), 6.73%, 06/21/24

      8,979       8,819,874  

Ply Gem Midco, Inc., 2018 Term Loan, (3 mo. LIBOR + 3.75%), 6.18%, 04/12/25

      2,804       2,741,378  

SRS Distribution, Inc., 2018 1st Lien Term Loan, (1 mo. LIBOR + 3.25%), 5.59%, 05/23/25

      2,262       2,174,665  
     

 

 

 
    13,735,917  
Construction Materials — 0.1%  

Filtration Group Corp., 2018 1st Lien Term Loan, (1 mo. LIBOR + 3.00%), 5.34%, 03/29/25

      361       358,115  

Xella International GmbH, 2017 EUR Term Loan B, (EURIBOR + 4.00%), 4.00%, 04/11/24

    EUR       1,000       1,124,741  
     

 

 

 
    1,482,856  
Diversified Consumer Services — 0.6%  

Ascend Learning LLC, 2017 Term Loan B, (1 mo. LIBOR + 3.00%, 1.00% Floor), 5.34%, 07/12/24

    USD       401       395,605  

CHG PPC Parent LLC, 2018 Term Loan B, (1 mo. LIBOR + 2.75%), 5.09%, 03/31/25(b)

      691       681,763  

Gol LuxCo SA, 1st Lien Term Loan, (Fixed + 6.50%), 6.50%, 08/31/20

      3,885       3,972,413  

Laureate Education, Inc., 2017 Term Loan B, (3 mo. LIBOR + 3.50%, 1.00% Floor), 6.03%, 04/26/24

      598       596,013  

Uber Technologies, 2018 Term Loan, (1 mo. LIBOR + 4.00%, 1.00% Floor), 6.32%, 04/04/25

      2,881       2,844,770  
     

 

 

 
    8,490,564  
Security          Par
(000)
    Value  
Diversified Financial Services — 0.1%  

LTI Holdings, Inc., 2018 Add On 1st Lien Term Loan, (1 mo. LIBOR + 3.50%), 5.84%, 09/06/25

    USD       845     $ 831,269  
     

 

 

 
Diversified Telecommunication Services — 0.8%  

CenturyLink, Inc., 2017 Term Loan B, (1 mo. LIBOR + 2.75%), 5.09%, 01/31/25

      4,077       3,957,186  

Eircom Finco Sarl, EUR Term Loan B6, (EURIBOR + 3.25%), 3.25%, 04/19/24

    EUR       1,000       1,127,617  

Sprint Communications, Inc., 2018 Term Loan B, 02/02/24(o)

    USD       4,234       4,194,328  

TDC A/S, Term Loan, (EURIBOR + 3.50%), 3.50%, 06/04/25

    EUR       1,229       1,386,263  
     

 

 

 
    10,665,394  
Energy Equipment & Services — 0.5%  

Gavilan Resources LLC, 2nd Lien Term Loan, (1 mo. LIBOR + 6.00%, 1.00% Floor), 8.31%, 03/01/24

    USD       699       591,882  

Pioneer Energy Services Corp., Term Loan, (1 mo. LIBOR + 7.75%, 1.00% Floor), 10.06%, 11/08/22(b)

      4,819       4,903,333  

Weatherford International Ltd., Term Loan, (1 mo. LIBOR + 1.42%), 3.78%, 07/13/20

      1,582       1,547,415  
     

 

 

 
    7,042,630  
Food Products — 0.1%  

Chobani LLC, 2017 Term Loan B, (1 mo. LIBOR + 3.50%, 1.00% Floor), 5.84%, 10/10/23

      394       370,117  

Froneri International PLC, 2018 EUR Term Loan B, (EURIBOR + 2.62%), 2.63%, 01/22/25

    EUR       1,000       1,129,134  

JBS USA LLC, 2017 Term Loan B, (3 mo. LIBOR + 2.50%), 4.84%, 10/30/22

    USD       447       440,708  
     

 

 

 
    1,939,959  
Gas Utilities — 0.1%  

AL Midcoast Holdings LLC, 2018 Term Loan B, (2 mo. LIBOR + 5.50%), 7.89%, 07/31/25

      1,622       1,589,560  
     

 

 

 
Health Care Equipment & Supplies — 0.7%  

CTC AcquiCo GmbH, EUR 2017 Term Loan B1, (EURIBOR + 3.00%), 3.00%, 03/07/25

    EUR       967       1,086,914  

DJO Finance LLC, 2015 Term Loan, (3 mo. LIBOR + 3.25%, 1.00% Floor), 5.62%, 06/08/20

    USD       3,293       3,286,277  
 

 

     21  


Consolidated Schedule of Investments  (unaudited) (continued)

November 30, 2018

  

BlackRock Corporate High Yield Fund, Inc. (HYT)

(Percentages shown are based on Net Assets)

 

Security          Par
(000)
    Value  
Health Care Equipment & Supplies (continued)  

Immucor, Inc., Extended Term Loan B, (3 mo. LIBOR + 5.00%, 1.00% Floor), 7.39%, 06/15/21(b)

    USD       4,303     $ 4,313,561  

Ortho-Clinical Diagnostics SA, 2018 Term Loan B, (3 mo. LIBOR + 3.25%), 5.58%, 06/30/25

      1,111       1,082,296  
     

 

 

 
        9,769,048  
Health Care Providers & Services — 1.1%  

AHP Health Partners, Inc., 2018 Term Loan, (1 mo. LIBOR + 4.50%), 1.00% Floor), 6.84%, 06/30/25

      974       967,884  

Concentra, Inc., 2018 2nd Lien Term Loan, (1 mo. LIBOR + 6.50%), 1.00% Floor), 8.82%, 06/01/23

      1,338       1,339,673  

DentalCorp Perfect Smile ULC, 1.00% Floor):

     

1st Lien Delayed Draw Term Loan, (1 mo. LIBOR + 3.75%), 4.82%, 06/06/25

      151       68,496  

1st Lien Term Loan, (1 mo. LIBOR + 3.75%), 6.09%, 06/06/25

      604       600,167  

Envision Healthcare Corp., 2018 1st Lien Term Loan, (1 mo. LIBOR + 3.75%), 6.09%, 10/10/25

      6,223       5,972,480  

Gentiva Health Services, Inc.(b):

     

2018 1st Lien Term Loan, (1 mo. LIBOR + 3.75%), 6.13%, 07/02/25

      2,470       2,463,660  

2018 2nd Lien Term Loan, (1 mo. LIBOR + 7.00%), 9.38%, 07/02/26

      357       358,753  

LGC Science Holdings Ltd., USD Term Loan B3, 03/08/23(o)

      1,000       990,000  

Quorum Health Corporation, Term Loan B, (1 mo. LIBOR + 6.75%, 1.00% Floor), 9.09%, 04/29/22

      1,359       1,363,421  

Team Health Holdings, Inc., 1st Lien Term Loan, (1 mo. LIBOR + 2.75%, 1.00% Floor), 5.09%, 02/06/24

      1,457       1,356,398  

Universal Hospital Services, Inc., Term Loan, 10/18/25(b)(o)

      387       385,065  
     

 

 

 
        15,865,997  
Health Care Technology — 0.1%  

Change Healthcare Holdings, Inc., 2017 Term Loan B, 03/01/24(o)

      801       790,775  

GoodRx, Inc., 1st Lien Term Loan, (1 mo. LIBOR + 3.00%), 5.32%, 10/10/25

      535       531,431  
     

 

 

 
        1,322,206  
Security          Par
(000)
    Value  
Hotels, Restaurants & Leisure — 1.3%  

Bronco Midstream Funding LLC, Term Loan B, (1 mo. LIBOR + 3.50%), 5.82%, 08/14/23

    USD       1,649     $ 1,630,987  

GVC Holdings PLC, 2018 EUR Term Loan, (EURIBOR + 2.75%), 2.75%, 03/29/24

    EUR       1,000       1,127,696  

IRB Holding Corp., 1st Lien Term Loan, 02/05/25(o)

    USD       1,463       1,446,234  

Las Vegas Sands LLC, 2018 Term Loan B, (1 mo. LIBOR + 1.75%), 4.09%, 03/27/25

      3,771       3,709,393  

Penn National Gaming, Inc., 2018 1st Lien Term Loan B, (3 mo. LIBOR + 2.25%), 4.58%, 10/15/25

      442       437,766  

Stars Group Holdings BV, 2018 Incremental Term Loan, (3 mo. LIBOR + 3.50%), 5.89%, 07/10/25

      9,175       9,132,433  
     

 

 

 
        17,484,509  
Household Products — 0.0%  

Energizer Holdings, Inc., 2018 Term Loan B, 06/20/25(b)(o)

      296       288,600  
     

 

 

 
Industrial Conglomerates — 0.2%                  

Cortes NP Acquisition Corp., 2017 Term Loan B, (3 mo. LIBOR + 4.00%, 1.00% Floor), 6.71%, 11/30/23(b)

      1,985       1,920,909  

Sequa Mezzanine Holdings LLC, 1st Lien Term Loan, (3 mo. LIBOR + 5.00%, 1.00% Floor), 7.41%, 11/28/21

      1,154       1,126,971  
     

 

 

 
        3,047,880  
Insurance — 0.5%  

Alliant Holdings I, Inc., 2018 Term Loan B, (1 mo. LIBOR + 2.75%), 5.06%, 05/09/25

      326       319,975  

Sedgwick Claims Management Services, Inc.:

     

1st Lien Term Loan, (1 mo. LIBOR + 2.75%, 1.00% Floor), 5.09%, 03/01/21

      1,855       1,834,087  

2018 Term Loan B, 12/31/25(o)

      4,284       4,235,805  

2nd Lien Term Loan, (1 mo. LIBOR + 5.75%, 1.00% Floor), 8.09%, 02/28/22

      445       444,444  
     

 

 

 
        6,834,311  
Internet Software & Services — 0.2%  

TierPoint LLC, 2017 1st Lien Term Loan, (1 mo. LIBOR + 3.75%, 1.00% Floor), 6.09%, 05/06/24

      929       902,345  
 

 

22   


Consolidated Schedule of Investments  (unaudited) (continued)

November 30, 2018

  

BlackRock Corporate High Yield Fund, Inc. (HYT)

(Percentages shown are based on Net Assets)

 

Security          Par
(000)
    Value  
Internet Software & Services (continued)  

ZPG PLC, 2018 Term Loan B, (LIBOR - GBP + 4.75%), 5.49%, 06/30/25

    GBP       1,000     $ 1,267,089  
     

 

 

 
        2,169,434  
IT Services — 0.1%  

Access CIG LLC:

     

2018 1st Lien Term Loan, (3 mo. LIBOR + 3.75%), 6.46%, 02/27/25

    USD       402       401,480  

2018 2nd Lien Delayed Draw Term Loan, (UNFND + 7.75%), 10.46%, 02/27/26

      8       7,778  

2018 2nd Lien Incremental Term Loan, (3 mo. LIBOR + 7.75%), 10.46%, 02/27/26

      12       11,940  

2018 2nd Lien Term Loan, (1 mo. LIBOR + 7.75%), 10.46%, 02/27/26

      146       144,789  

2018 Incremental Term Loan, (3 mo. LIBOR + 3.75%), 6.46%, 02/27/25

      57       56,601  

Flexential Intermediate Corp., 2017 1st Lien Term Loan, (3 mo. LIBOR + 3.50%), 5.89%, 08/01/24

      887       856,786  

Peak 10 Holding Corp., 2nd Lien Term Loan, (3 mo. LIBOR + 7.25%, 1.00% Floor), 9.79%, 08/01/25

      420       402,570  
     

 

 

 
        1,881,944  
Life Sciences Tools & Services — 0.1%  

Albany Molecular Research, Inc., 2017 1st Lien Term Loan, (1 mo. LIBOR + 3.25%, 1.00% Floor), 5.59%, 08/30/24

      728       718,880  
     

 

 

 
Machinery — 0.3%  

Altra Industrial Motion Corp., 2018 Term Loan B, (1 mo. LIBOR + 2.00%), 4.34%, 10/01/25

      1,116       1,102,050  

Brookfield WEC Holdings, Inc., 2018 2nd Lien Term Loan, (1 mo. LIBOR + 6.75%), 9.09%, 08/03/26

      552       555,450  

Titan Acquisition Ltd., 2018 Term Loan B, 03/28/25(o)

      3,176       2,977,372  
     

 

 

 
        4,634,872  
Media — 1.9%  

Altice France SA, 2018 Term Loan B13, (1 mo. LIBOR + 4.00%), 6.31%, 08/14/26

      3,453       3,285,023  
Security          Par
(000)
    Value  
Media (continued)  

Charter Communications Operating LLC, 2017 Term Loan A2, (1 mo. LIBOR + 1.50%), 3.85%, 03/31/23

    USD       8,508     $ 8,465,000  

Gray Television, Inc., 2018 Term Loan C, 10/30/25(o)

      523       517,990  

Intelsat Jackson Holdings SA:

     

2017 Term Loan B3, (1 mo. LIBOR + 3.75%, 1.00% Floor), 6.07%, 11/27/23

      559       554,584  

2017 Term Loan B4, (1 mo. LIBOR + 4.50%, 1.00% Floor), 6.82%, 01/02/24

      1,820       1,851,510  

2017 Term Loan B5, (Fixed + 6.62%), 6.63%, 01/02/24

      10,040       10,054,793  

PSAV Holdings LLC, 1.00% Floor):

     

2018 1st Lien Term Loan, (3 mo. LIBOR + 3.25%, 5.70%, 03/01/25

      819       801,828  

2018 2nd Lien Term Loan, (3 mo. LIBOR + 7.25%, 9.78%, 09/01/25(b)

      666       649,350  

Tele Columbus AG, 2018 EUR Term Loan A2, (EURIBOR + 3.00%), 3.00%, 10/15/24

    EUR       624       658,485  
     

 

 

 
        26,838,563  
Multiline Retail — 0.2%  

EG Group Ltd.:

     

2018 EUR Delayed Draw Term Loan B, (UNFND + 4.00%), 4.00%, 02/06/25

      336       377,736  

2018 EUR Term Loan B, (EURIBOR + 4.00%), 4.00%, 02/06/25

      660       738,792  

Neiman Marcus Group, Inc., 2020 Term Loan, (1 mo. LIBOR + 3.25%, 1.00% Floor), 5.57%, 10/25/20

    USD       1,408       1,218,080  
     

 

 

 
        2,334,608  
Oil & Gas Equipment & Services — 0.7%  

McDermott Technology Americas, Inc., 2018 1st Lien Term Loan, 05/10/25(o)

      10,598       10,155,986  
     

 

 

 
Oil, Gas & Consumable Fuels — 0.7%  

BCP Raptor II LLC, 1st Lien Term Loan, (2 mo. LIBOR + 4.75%), 7.14%, 11/03/25

      530       515,425  

California Resources Corp.,(o):

     

2017 1st Lien Term Loan, 12/31/22

      4,231       4,255,181  

Second Out Term Loan, 12/31/21

      2,616       2,784,226  
 

 

     23  


Consolidated Schedule of Investments  (unaudited) (continued)

November 30, 2018

  

BlackRock Corporate High Yield Fund, Inc. (HYT)

(Percentages shown are based on Net Assets)

 

Security          Par
(000)
    Value  
Oil, Gas & Consumable Fuels (continued)  

CONSOL Energy, Inc., 1st Lien Term Loan B, (1 mo. LIBOR + 6.00%, 1.00% Floor), 8.35%, 11/28/22

    USD       1,671     $ 1,676,882  
     

 

 

 
        9,231,714  
Pharmaceuticals — 0.6%  

Amneal Pharmaceuticals LLC, 2018 Term Loan B, (1 mo. LIBOR + 3.50%), 5.88%, 05/04/25

      1,495       1,488,955  

Auris Luxembourg III Sarl, 2018 USD Term Loan B, 07/20/25(o)

      1,185       1,179,822  

Ceva Sante Animale, EUR Term Loan B, (EURIBOR + 3.00%), 3.00%, 06/30/21

    EUR       1,000       1,127,617  

Endo Luxembourg Finance Company I Sarl, 2017 Term Loan B, (1 mo. LIBOR + 4.25%), 6.63%, 04/29/24

    USD       1,866       1,855,199  

Valeant Pharmaceuticals International, Inc., 2018 Term Loan B, 06/02/25(o)

      2,352       2,325,869  
     

 

 

 
        7,977,462  
Real Estate Management & Development — 0.0%  

Forest City Enterprises LP, Term Loan B, 10/24/25(o)

      527       527,659  
     

 

 

 
Software — 2.8%  

Applied Systems, Inc., 2017 2nd Lien Term Loan, (3 mo. LIBOR + 7.00%, 1.00% Floor), 9.39%, 09/19/25

      186       186,465  

BMC Software Finance, Inc., 2017 Term Loan B, (3 mo. LIBOR + 4.25%), 6.65%, 10/02/25

      2,911       2,870,974  

Cypress Intermediate Holdings III, Inc., 1.00% Floor):

     

2017 1st Lien Term Loan, (1 mo. LIBOR + 3.00%), 5.35%, 04/26/24

      758       748,115  

2017 2nd Lien Term Loan, (1 mo. LIBOR + 6.75%, 9.09%, 04/27/25

      212       211,646  

Digicel International Finance Ltd., 2017 Term Loan B, (3 mo. LIBOR + 3.25%), 5.96%, 05/28/24

      306       286,198  

Financial & Risk US Holdings, Inc.:

     

2018 EUR Term Loan, (EURIBOR + 4.00%), 4.00%, 10/01/25

    EUR       1,294       1,458,580  

2018 USD Term Loan, 10/01/25(o)

    USD       19,839       19,304,141  

Infor (US), Inc., Term Loan B6, 02/01/22(o)

      311       306,125  

Kronos, Inc., 2nd Lien Term Loan, (3 mo. LIBOR + 8.25%, 1.00% Floor), 10.79%, 11/01/24

      3,635       3,647,003  
Security          Par
(000)
    Value  
Software (continued)  

McAfee LLC, 2018 USD Term Loan B, (2 mo. LIBOR + 3.75%), 6.10%, 09/30/24

    USD       1,761     $ 1,754,827  

Mitchell International, Inc.:

     

2017 1st Lien Term Loan, 11/29/24(o)

      1,262       1,241,694  

2017 2nd Lien Term Loan, (1 mo. LIBOR + 7.25%), 9.59%, 12/01/25

      920       915,400  

PowerSchool, 2018 Term Loan B, (1 mo. LIBOR + 3.25%), 5.56%, 08/01/25

      448       440,160  

Renaissance Learning, Inc., 2018 Add On Term Loan, (1 mo. LIBOR + 3.25%), 5.59%, 05/30/25

      722       710,909  

SS&C Technologies Holdings Europe Sarl, 2018 Term Loan B4, (1 mo. LIBOR + 2.25%), 4.59%, 04/16/25

      775       755,299  

SS&C Technologies, Inc.:

     

2018 Term Loan B3, (1 mo. LIBOR + 2.25%), 4.59%, 04/16/25

      2,212       2,156,664  

2018 Term Loan B5, 04/16/25(o)

      1,377       1,339,559  

Tempo Acquisition LLC, Term Loan, (1 mo. LIBOR + 3.00%), 5.34%, 05/01/24

      638       631,647  
     

 

 

 
        38,965,406  
Specialty Retail — 0.1%  

Belron Finance US LLC, Term Loan B, (3 mo. LIBOR + 2.25%), 4.84%, 11/07/24

      792       783,105  

CD&R Firefly Bidco Ltd., 2018 Term Loan B1, (LIBOR - GBP + 4.50%), 5.32%, 06/23/25

    GBP       1,000       1,259,125  
     

 

 

 
        2,042,230  
Textiles, Apparel & Luxury Goods — 0.4%  

Ascend Performance Materials Operations LLC, Term Loan B, (3 mo. LIBOR + 5.25%, 1.00% Floor), 7.64%, 08/12/22

    USD       5,228       5,227,891  
     

 

 

 

Trading Companies & Distributors — 0.1%

 

Beacon Roofing Supply, Inc., 2017 Term Loan B, (1 mo. LIBOR + 2.25%), 4.57%, 01/02/25

      854       829,166  
     

 

 

 
Transportation — 0.0%  

Direct ChassisLink, Inc., 2017 2nd Lien Term Loan, (3 mo. LIBOR + 6.00%), 8.53%, 06/15/23(b)

      162       163,001  
     

 

 

 
 

 

24   


Consolidated Schedule of Investments  (unaudited) (continued)

November 30, 2018

  

BlackRock Corporate High Yield Fund, Inc. (HYT)

(Percentages shown are based on Net Assets)

 

Security          Par
(000)
    Value  

Utilities — 0.0%

 

ExGen Renewables IV LLC, Term Loan B, (3 mo. LIBOR + 3.00%, 1.00% Floor), 5.71%, 11/28/24(b)

    USD       501     $ 476,080  
     

 

 

 
Wireless Telecommunication Services — 0.5%  

Ligado Networks LLC, 2015 2nd Lien Term Loan, 0.00%, 12/07/20

      29,094       5,471,349  

Xplornet Communications, Inc., Term Loan B, (3 mo. LIBOR + 4.00%, 1.00% Floor), 6.39%, 09/09/21(b)

      1,860       1,855,295  
     

 

 

 
        7,326,644  

Total Floating Rate Loan Interests — 19.1%
(Cost — $291,464,321)

 

      265,429,937  
     

 

 

 
            Shares         
Investment Companies — 0.2%  
Energy Equipment & Services — 0.2%                  

SPDR S&P Oil & Gas Exploration & Production ETF

      79,711       2,615,318  
     

 

 

 

Total Investment Companies — 0.2%
(Cost — $3,090,856)

        2,615,318  
     

 

 

 
           

Beneficial

Interest

(000)

        

Other Interests(p) — 0.0%

     
United States — 0.0%                  

Lear Corp. Escrow(b)

      1,250       12  
     

 

 

 

Total Other Interests — 0.0%
(Cost — $—)

 

      12  
     

 

 

 
            Par
(000)
        

Preferred Securities — 5.2%

 

Capital Trusts — 4.4%                  

Banks — 0.7%

 

ABN AMRO Bank NV:(k)

     

4.75%(f)

    EUR       200       203,735  

5.75%(i)

      500       585,154  

Allied Irish Banks PLC, 7.38%(i)(k)

      210       249,426  

Banco Bilbao Vizcaya Argentaria SA,
8.88%(i)(k)

      200       246,628  

Banco de Sabadell SA, 6.50%(i)(k)

      200       207,993  

Bankia SA,(k)

     

6.00%(i)

      200       216,928  

6.38%(f)

      200       216,073  

CaixaBank SA,(k)

     

5.25%(f)

      200       196,985  
Security          Par
(000)
    Value  
Banks (continued)  

(5 year EUR Swap + 6.50%),6.75%(i)

    EUR       200     $ 234,621  

CIT Group, Inc., Series A, 5.80%(i)(k)

    USD       1,647       1,584,282  

Cooperative Rabobank UA,(i)(k)

     

5.50%

    EUR       200       233,496  

6.63%

      400       493,913  

Danske Bank A/S, 5.75%(i)(k)

      200       220,193  

Erste Group Bank AG, 6.50%(i)(k)

      400       469,514  

Hongkong & Shanghai Banking Corp. Ltd., Series 3H, 2.75%(d)(k)

    USD       400       285,256  

HSBC Holdings PLC, 6.38%(i)(k)

      210       200,550  

Intesa Sanpaolo SpA, 7.00%(i)(k)

    EUR       375       420,292  

KBC Group NV, 5.63%(i)(k)

      200       225,983  

National Westminster Bank PLC, Series C, 2.99%(f)(k)

    USD       200       152,000  

Swedbank AB, 6.00%(i)(k)

      200       192,047  

Wells Fargo & Co.,(i)(k)

     

Series S, 5.90%

      1,730       1,726,194  

Series U, 5.88%

      1,115       1,135,650  
     

 

 

 
        9,696,913  
Capital Markets — 0.5%  

Goldman Sachs Group, Inc., Series P, 5.00%(f)(k)

      1,517       1,334,960  

Morgan Stanley,(i)(k)

     

Series H, 5.45%

      3,309       3,310,654  

Series J, 5.55%

      440       443,850  

UBS Group Funding Switzerland AG,(i)(k)

     

5.75%

    EUR       800       970,076  

7.00%

    USD       425       436,688  
     

 

 

 
        6,496,228  
Chemicals — 0.1%  

Solvay Finance SA, 5.12%(i)(k)

    EUR       730       876,070  
     

 

 

 
Diversified Financial Services — 2.7%                  

ATF Netherlands BV, 3.75%(i)(k)

      200       210,406  

Banco Santander SA:(k)

     

4.75%(f)

      200       183,920  

6.25%(i)

      400       432,462  

6.75%(i)

      300       349,819  

Bank of America Corp.:(i)(k)

     

Series AA, 6.10%

    USD       7,807       7,929,336  

Series V, 5.13%

      2,205       2,194,195  

Series X, 6.25%

      2,874       2,938,665  

Series Z, 6.50%

      1,816       1,897,720  

BNP Paribas SA, 6.13%(i)(k)

    EUR       620       740,823  

Credit Agricole SA, 6.50%(i)(k)

      600       705,833  

Credit Suisse Group AG, 6.25%(i)(k)

    USD       300       285,237  

HBOS Capital Funding LP, 6.85%(k)

      800       798,000  

HSBC Holdings PLC,(k)

     

5.25%(i)

    EUR       200       227,439  

6.00%(i)

    USD       2,298       2,091,180  
 

 

     25  


Consolidated Schedule of Investments  (unaudited) (continued)

November 30, 2018

  

BlackRock Corporate High Yield Fund, Inc. (HYT)

(Percentages shown are based on Net Assets)

 

Security    

Par

(000)

    Value  

Diversified Financial Services (continued)

 

JPMorgan Chase & Co.,(i)(k)

     

Series Q, 5.15%

    USD       850     $ 821,270  

Series S, 6.75%

      5,324       5,631,461  

Series U, 6.13%

      4,228       4,296,705  

Series V, 5.00%

      3,075       3,064,545  

Series X, 6.10%

      640       648,000  

Royal Bank of Scotland Group
PLC, 8.63%(i)(k)

      607       625,210  

UBS Group Funding Switzerland
AG, 5.00%(f)(k)

      375       310,781  

UniCredit SpA,(i)(k)

     

6.75%

    EUR       200       206,042  

9.25%

      425       502,794  
     

 

 

 
    37,091,843  
Diversified Telecommunication Services — 0.2%  

Koninklijke KPN NV, 6.88%, 03/14/73(i)

    GBP       230       305,255  

Telefonica Europe BV,(i)(k)

     

2.63%(f)

    EUR       300       312,453  

3.75%

      200       226,714  

4.20%

      1,500       1,733,961  

5.88%

      200       242,274  

6.75%

    GBP       200       269,555  

7.63%

    EUR       300       385,980  
     

 

 

 
    3,476,192  
Electric Utilities — 0.1%  

Origin Energy Finance Ltd., 4.00%, 09/16/74(i)

      410       469,708  

RWE AG, 2.75%, 04/21/75(i)

      300       338,781  
     

 

 

 
    808,489  
Electronic Equipment, Instruments & Components — 0.0%  
Belden, Inc., 4.13%, 10/15/26     200     227,951  
     

 

 

 
Insurance — 0.0%  

Caisse Nationale de Reassurance Mutuelle Agricole Groupama, 6.38%(i)(k)

      200       238,868  
     

 

 

 
Media — 0.0%  

NBCUniversal Enterprise, Inc., 5.25%(e)(k)

    USD       400       405,000  
     

 

 

 
Oil, Gas & Consumable Fuels — 0.1%  

Naturgy Finance BV,(k)

     

3.38%(f)

    EUR       500       550,529  

4.13%(i)

      100       116,322  

Repsol International Finance BV,(i)

     

3.88%(k)

      300       344,724  

4.50%

      678       777,811  
     

 

 

 
    1,789,386  
Security    

Par

(000)

    Value  
Real Estate — 0.0%  

AT Securities BV, 5.25%(i)(k)

    USD       500     $ 433,000  
     

 

 

 

Total Capital Trusts — 4.4%
(Cost — $62,363,907)

 

    61,539,940  
     

 

 

 
           

Shares

        

Preferred Stocks — 0.3%

 

Auto Components — 0.2%

 

UCI International, Inc., 0.00%(b)

      164,729       3,212,216  
     

 

 

 
Diversified Financial Services — 0.0%  

Concrete Investments II, 0.00%(b)

      4,997       89,099  
     

 

 

 
Machinery — 0.1%  

Rexnord Corp., Series A, 5.75%(l)

      15,537       926,471  
     

 

 

 
Wireless Telecommunication Services — 0.0%  

CF-B L2 (D) LLC, (Aquired 04/08/15, cost $649,293), 0.00%(q)

      663,678       200,696  
     

 

 

 

Total Preferred Stocks — 0.3%
(Cost — $8,984,452)

 

    4,428,482  
     

 

 

 

Trust Preferred — 0.5%

 

Diversified Financial Services — 0.5%

 

GMAC Capital Trust I, Series 2, 8.40%, 2/15/40(i)

      256,246       6,534,273  
     

 

 

 

Total Trust Preferreds — 0.5%
(Cost — $6,729,957)

 

    6,534,273  
     

 

 

 

Total Preferred Securities — 5.2%
(Cost — $78,078,316)

 

    72,502,695  
     

 

 

 

Warrants — 0.0%

 

Metals & Mining — 0.0%

 

Peninsula Energy Ltd. (Expires 12/31/18), (1 Share for 1 Warrant, Expires 12/31/18, Strike Price AUD 0.05)

      515,378       377  
     

 

 

 
Software — 0.0%  

HMH Holdings/EduMedia (Issued/exercisable 03/09/10, 19 Shares for 1 Warrant, Expires 06/22/19, Strike Price $42.27)(b)

      6,494        
     

 

 

 

Total Warrants — 0.0%
(Cost — $65)

 

    377  
     

 

 

 

Total Long-Term Investments — 143.4%
(Cost — $2,113,641,633)

 

    1,993,835,713  
     

 

 

 
 

 

 

26        


Consolidated Schedule of Investments  (unaudited) (continued)

November 30, 2018

  

BlackRock Corporate High Yield Fund, Inc. (HYT)

(Percentages shown are based on Net Assets)

 

Security    

Shares

    Value  
Short-Term Securities — 0.1%  

BlackRock Liquidity Funds, T-Fund, Institutional Class, 2.12%(r)(s)

      1,451,224     $ 1,451,224  
     

 

 

 

Total Short-Term Securities — 0.1%
(Cost — $1,451,224)

 

    1,451,224  
     

 

 

 

Options Purchased — 0.0%
(Cost — $953,384)

 

    460,111  
     

 

 

 
          Value  

Total Investments Before Options Written — 143.5%
(Cost — $2,116,046,241)

  $ 1,995,747,048  
     

 

 

 

Options Written — (0.0)%
(Premiums Received — $515,277)

    (273,329
     

 

 

 

Total Investments, Net of Options Written — 143.5%
(Cost — $2,115,530,964)

    1,995,473,719  

Liabilities in Excess of Other Assets — (43.5)%

    (604,939,065
     

 

 

 

Net Assets Applicable to Common Shares — 100.0%

  $ 1,390,534,654  
     

 

 

 
 
(a) 

Non-income producing security.

(b) 

Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.

(c) 

All or a portion of the security is held by a wholly-owned subsidiary.

(d) 

Variable rate security. Rate shown is the rate in effect as of period end.

(e) 

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.

(f) 

Variable or floating rate security, which interest rate adjusts periodically based on changes in current interest rates and prepayments on the underlying pool of assets. Rate shown is the rate in effect as of period end.

(g) 

When-issued security.

(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) 

Variable rate security. Security may be issued at a fixed coupon rate, which converts to a variable rate at a specified date. Rate shown is the rate in effect as of period end.

(j) 

Issuer filed for bankruptcy and/or is in default.

(k) 

Perpetual security with no stated maturity date.

(l) 

Convertible security.

(m) 

Step-up bond that pays an initial coupon rate for the first period and then a higher coupon rate for the following periods. Rate as of period end.

(n) 

Zero-coupon bond.

(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) 

Other interests represent beneficial interests in liquidation trusts and other reorganization or private entities.

(q) 

Restricted security as to resale, excluding 144A securities. As of period end, the Trust held restricted securities with a current value of $200,696 and an original cost of $649,293 which was less than 0.05% of its net assets.

(r) 

Annualized 7-day yield as of period end.

(s) 

During the period ended November 30, 2018, investments in issuers considered to be an affiliate of the Trust for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

 

Affiliate   

Shares
Held at

08/31/18

     Net
Activity
     Shares
Held at
11/30/18
     Value at
11/30/18
     Income     

Net

Realized

Gain
(Loss)(a)

     Change in
Unrealized
Appreciation
(Depreciation)
 

BlackRock Liquidity Funds, T-Fund, Institutional Class

            1,451,224        1,451,224      $ 1,451,224      $ 21,953      $      $  
           

 

 

    

 

 

    

 

 

    

 

 

 

 

  (a) 

Includes net capital gain distributions, if applicable.

 

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.

Portfolio Abbreviations

AUD — Australian Dollar

CAD — Canadian Dollar

CLO — Collateralized Loan Obligation

ETF — Exchange-Traded Fund

EUR — Euro

GBP — British Pound

LIBOR — London Interbank Offered Rate

MSCI — Morgan Stanley Capital International

 

 

          27  


Consolidated Schedule of Investments  (unaudited) (continued)

November 30, 2018

  

BlackRock Corporate High Yield Fund, Inc. (HYT)

 

Portfolio Abbreviations (continued)

OTC — Over-the-Counter

CR — Custodian Receipt

CRC — Costa Rican Colon

PIK — Payment-In-Kind

S&P — S&P Global Ratings

SPDR — Standard & Poor’s Depository Receipts

USD — United States Dollar

Derivative Financial Instruments Outstanding as of Period End

Futures Contracts

 

Description    Number of
Contracts
       Expiration
Date
       Notional
Amount (000)
       Value /
Unrealized
Appreciation
(Depreciation)
 

Long Contracts:

 

Euro Stoxx 50 Index

     5          12/21/18        $ 179        $ (8,898

Euro Stoxx 600 Index

     9          12/21/18          73          (6,515
                 

 

 

 
          (15,413
                 

 

 

 

Short Contracts:

 

EURO-BOBL Future

     5          12/06/18          747        $ (2,212

Euro Bund

     6          12/06/18          1,097          (7,907

Long Gilt Future

     3          03/27/19          469          (2,296
                 

 

 

 
          (12,415
                 

 

 

 
        $ (27,828
                 

 

 

 

Forward Foreign Currency Exchange Contracts

 

Currency
Purchased
       Currency
Sold
       Counterparty      Settlement Date        Unrealized
Appreciation
(Depreciation)
 
AUD      957,000        USD      698,489        National Australia Bank Ltd.        12/05/18        $ 995  
CAD      1,024,000        USD      769,451        Morgan Stanley & Co. International PLC        12/05/18          1,287  
USD      780,418        CAD      1,024,000        Natwest Markets PLC        12/05/18          9,680  
USD      136,176        EUR      120,000        BNP Paribas S.A.        12/05/18          314  
USD      64,859        EUR      57,000        Citibank N.A.        12/05/18          324  
USD      107,345,358        EUR      94,609,000        JPMorgan Chase Bank N.A.        12/05/18          230,380  
USD      323,124        EUR      283,000        National Australia Bank Ltd.        12/05/18          2,715  
USD      14,639,860        GBP      11,464,000        Barclays Bank PLC        12/05/18          31,230  
USD      61,572        GBP      48,000        Citibank N.A.        12/05/18          405  
USD      106,387,186        EUR      93,318,000        UBS AG        02/05/19          117,044  
USD      14,577,301        GBP      11,398,000        JPMorgan Chase Bank N.A.        02/05/19          2,091  
                         

 

 

 
                            396,465  
                         

 

 

 
EUR      1,151,000        USD      1,318,154        Australia and New Zealand Bank Group        12/05/18          (15,008
EUR      405,000        USD      459,468        Citibank N.A.        12/05/18          (933
EUR      120,000        USD      136,286        Goldman Sachs International        12/05/18          (424
EUR      93,318,000        USD      105,775,953        UBS AG        12/05/18          (122,627
GBP      11,398,000        USD      14,526,751        JPMorgan Chase Bank N.A.        12/05/18          (2,224
GBP      114,000        USD      148,990        State Street Bank and Trust Co.        12/05/18          (3,719
USD      679,747        AUD      957,000        Natwest Markets PLC        12/05/18          (19,737

 

 

28   


Consolidated Schedule of Investments  (unaudited) (continued)

November 30, 2018

  

BlackRock Corporate High Yield Fund, Inc. (HYT)

 

Forward Foreign Currency Exchange Contracts (continued)

 

Currency
Purchased
      

Currency

Sold

       Counterparty      Settlement Date        Unrealized
Appreciation
(Depreciation)
 
USD      484,411        EUR      429,000        Citibank N.A.        12/05/18        $ (1,296
USD      164,708        EUR      146,000        Westpac Banking Corp.        12/05/18          (591
USD      488,350        EUR      433,000        Westpac Banking Corp.        12/05/18          (1,887
USD      699,223        AUD      957,000        National Australia Bank Ltd.        02/05/19          (1,007
USD      770,603        CAD      1,024,000       

Morgan Stanley & Co.

International PLC

       02/05/19          (1,310
                         

 

 

 
                            (170,763
                         

 

 

 
Net Unrealized Appreciation

 

               $ 225,702  
                         

 

 

 

Exchange-Traded Options Purchased

 

Description        Number of
Contracts
       Expiration
Date
  Exercise
Price
      

Notional

Amount (000)

       Value  

Call

 

                                 

iShares Russell 2000

 

       5,582        12/21/18     USD            169.00          USD          852        $ 19,537  

Put

 

                               

SPDR S&P 500 ETF Trust

 

       4,792        12/07/18     USD            268.00          USD          1,321          431,280  
                                    

 

 

 
                                     $ 450,817  
                                    

 

 

 

OTC Options Purchased

 

Description

   Counterparty    Number of
Contracts
     Expiration
Date
    

Exercise
Price

     Notional
Amount (000)
     Value  

Call

                     

Marsico Parent Superholdco LLC

   Goldman Sachs & Co.      39        12/14/19        USD       942.86        USD            $  
                     

 

 

 

OTC Credit Default Swaptions Purchased

 

  

 

  Paid by the Trust   Received by the Trust  

Counterparty

 

Expiration
Date

    Exercise
Rate
    Notional
Amount (000)
   

Value

 
Description   Rate     Frequency   Rate     Frequency

Call

 

     

5-Year Interest Rate Swap, 12/20/23

  $ 106.00     Quarterly    
3-Month LIBOR,
2.74
 
  Quarterly   Bank of America N.A.     12/19/18     $ 106.00       USD  25,000     $ 9,294  
                 

 

 

 

Exchange-Traded Options Written

 

Description    Number of
Contracts
       Expiration
Date
       Exercise
Price
       Notional
Amount (000)
       Value  

Call

 

iShares Russell 2000

     5,582          12/21/18        USD     173.00        USD     852        $ (11,164

Put

 

SPDR S&P 500 ETF Trust

     4,792          12/07/18        USD     265.00        USD     1,321          (253,976
                          

 

 

 
                           $ (265,140
                          

 

 

 

 

 

     29  


Consolidated Schedule of Investments  (unaudited) (continued)

November 30, 2018

  

BlackRock Corporate High Yield Fund, Inc. (HYT)

 

OTC Credit Default Swaptions Written

 

Description

  Paid by the Trust   Received by the Trust  

Counterparty

 

Expiration
Date

   

Exercise
Rate

   

Notional
Amount(000)

 

Value

 
  Rate     Frequency   Rate     Frequency

Put

                 

5-Year Interest Rate Swap,
12/20/23

  $ 99.00     Quarterly    

3-Month

LIBOR, 2.74

 

  Quarterly   Bank of America N.A.     12/19/18     $ 99.00     USD  25,000   $ (8,189
                 

 

 

 

Centrally Cleared Credit Default Swaps — Sell Protection

 

Reference Obligation/Index   

Financing

Rate Received

by the Trust

     Payment
Frequency
     Termination
Date
     Credit
Rating (a)
     Notional
Amount (000) (b)
     Value      Upfront
Premium
Paid
(Received)
     Unrealized
Appreciation
(Depreciation)
 

CDX.NA.HY.31.V1

     5.00      Quarterly        12/20/23        B+        USD        45,252      $ 2,500,570      $ 2,059,497      $ 441,073  
                    

 

 

    

 

 

    

 

 

 

 

  (a)

Using S&P/Standard & Poor’s rating of the issuer or the underlying securities of the index, as applicable.

 
  (b)

The maximum potential amount the Trust may pay should a negative credit event take place as defined under the terms of the agreement.

 

OTC Credit Default Swaps — 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)
 

Casino Guichard Perrachon SA

     1.00    Quarterly      JPMorgan
Chase Bank
N.A.
     12/20/22      BB     EUR        150      $ (26,442    $ (5,362    $ (21,080

Telecom Italia SpA/Milano

     1.00      Quarterly      Citibank
N.A.
     12/20/22      BB+     EUR        170        (12,130      (2,899      (9,231

Casino Guichard Perrachon SA

     1.00      Quarterly      JPMorgan
Chase Bank
N.A.
     06/20/23      BB     EUR        90        (17,884      (8,321      (9,563

Casino Guichard Perrachon SA

     1.00      Quarterly      Goldman
Sachs
International
     06/20/23      BB     EUR        80        (15,896      (7,553      (8,343

Casino Guichard Perrachon SA

     1.00      Quarterly      Bank of
America
N.A.
     06/20/23      BB     EUR        62        (12,253      (8,812      (3,441

Casino Guichard Perrachon SA

     1.00      Quarterly      Citibank
N.A.
     06/20/23      BB     EUR        138        (27,488      (18,641      (8,847

Casino Guichard Perrachon SA

     1.00      Quarterly      JPMorgan
Chase Bank
N.A.
     06/20/23      BB     EUR        36        (7,210      (4,439      (2,771

Casino Guichard Perrachon SA

     1.00      Quarterly      Citibank
N.A.
     06/20/23      BB     EUR        60        (12,005      (7,896      (4,109

Casino Guichard Perrachon SA

     1.00      Quarterly      JPMorgan
Chase Bank
N.A.
     06/20/23      BB     EUR        60        (12,017      (7,905      (4,112

Casino Guichard Perrachon SA

     1.00      Quarterly      JPMorgan
Chase Bank
N.A.
     06/20/23      BB     EUR        24        (4,807      (2,960      (1,847

Casino Guichard Perrachon SA

     1.00      Quarterly      Barclays
Bank PLC
     06/20/23      BB     EUR        226        (44,888      (26,569      (18,319

Casino Guichard Perrachon SA

     1.00      Quarterly      Barclays
Bank PLC
     06/20/23      BB     EUR        124        (24,659      (15,036      (9,623

Garfunkelux Holdco 2 SA

     5.00      Quarterly      Credit
Suisse
International
     06/20/23      B-     EUR        200        (34,591      2,504        (37,095

Intesa Sanpaolo SpA

     1.00      Quarterly      Citibank
N.A.
     06/20/23      BB+     EUR        290        (13,380      (12,868      (512

Intrum Justitia AB

     5.00      Quarterly      Credit
Suisse
International
     06/20/23      BB+     EUR        110        5,976        10,237        (4,261

Intrum Justitia AB

     5.00      Quarterly      Credit
Suisse
International
     06/20/23      BB+     EUR        150        8,149        14,784        (6,635

Intrum Justitia AB

     5.00      Quarterly      Morgan
Stanley &
Co.
International
PLC
     06/20/23      BB+     EUR        200        10,865        21,457        (10,592

Intrum Justitia AB

     5.00      Quarterly      Credit
Suisse
International
     06/20/23      BB+     EUR        39        2,111        4,278        (2,167

Intrum Justitia AB

     5.00      Quarterly      Morgan
Stanley &
Co.
International
PLC
     06/20/23      BB+     EUR        131        7,124        14,422        (7,298

Intrum Justitia AB

     5.00      Quarterly      Citibank
N.A.
     06/20/23      BB+     EUR        56        3,040        2,597        443  

Intrum Justitia AB

     5.00      Quarterly      Citibank
N.A.
     06/20/23      BB+     EUR        124        6,739        5,751        988  

Intrum Justitia AB

     5.00      Quarterly      JPMorgan
Chase Bank
N.A.
     06/20/23      BB+     EUR        220        11,952        10,174        1,778  

Thomas Cook Finance 2 PLC

     5.00      Quarterly      Goldman
Sachs
International
     06/20/23      B+     EUR        97        (9,924      11,879        (21,803

Thomas Cook Finance 2 PLC

     5.00      Quarterly      Citibank
N.A.
     06/20/23      B+     EUR        53        (5,359      6,565        (11,924

Thomas Cook Finance 2 PLC

     5.00      Quarterly      Goldman
Sachs
International
     06/20/23      B+     EUR        350        (35,661      42,366        (78,027

Casino Guichard Perrachon SA

     1.00      Quarterly      Goldman
Sachs
International
     12/20/23      BB     EUR        430        (95,194      (68,875      (26,319

CenturyLink, Inc.

     1.00      Quarterly      Barclays
Bank PLC
     12/20/23      B+     USD        856        (106,157      (66,504      (39,653

Chesapeake Energy Corp.

     5.00      Quarterly      Barclays
Bank PLC
     12/20/23      B-     USD        368        (13,284      712        (13,996

Chesapeake Energy Corp.

     5.00      Quarterly      Barclays
Bank PLC
     12/20/23      B-     USD        332        (11,985      3,236        (15,221

Garfunkelux Holdco 2 SA

     5.00      Quarterly      JPMorgan
Chase Bank
N.A.
     12/20/23      B-     EUR        73        (13,898      (528      (13,370

Garfunkelux Holdco 2 SA

     5.00      Quarterly      Credit
Suisse
International
     12/20/23      B-     EUR        32        (6,056      614        (6,670

 

 

30   


Consolidated Schedule of Investments  (unaudited) (continued)

November 30, 2018

  

BlackRock Corporate High Yield Fund, Inc. (HYT)

 

OTC Credit Default Swaps — Sell Protection (continued)

 

Reference Obligation/Index    Financing
Rate Received
by the Trust
     Payment
Frequency
     Counterparty      Termination
Date
     Credit
Rating (a)
  Notional
Amount (000) (b)
     Value      Upfront
Premium
Paid
(Received)
     Unrealized
Appreciation
(Depreciation)
 

Garfunkelux Holdco 2 SA

     5.00    Quarterly      Credit
Suisse
International
     12/20/23      B-     EUR        138      $ (26,402    $ 2,681      $ (29,083

Telecom Italia SpA/Milano

     1.00      Quarterly      Barclays
Bank PLC
     12/20/23      BB+     EUR        361        (39,893      (35,491      (4,402

Telecom Italia SpA/Milano

     1.00      Quarterly      Barclays
Bank PLC
     12/20/23      BB+     EUR        100        (11,056      (9,836      (1,220

Telecom Italia SpA/Milano

     1.00      Quarterly      JPMorgan
Chase Bank
N.A.
     12/20/23      BB+     EUR        239        (26,444      (24,866      (1,578

Tesco PLC

     1.00      Quarterly      Morgan
Stanley &
Co.
International
PLC
     12/20/23      BB+     EUR        200        (3,058      791        (3,849

Vougeot Bidco PLC

     5.00      Quarterly      Citibank
N.A.
     12/20/23      B     EUR        46        6,001        4,654        1,347  

Vougeot Bidco PLC

     5.00      Quarterly      Citibank
N.A.
     12/20/23      B     EUR        108        14,001        10,739        3,262  

CenturyLink, Inc.

     1.00      Quarterly      Barclays
Bank PLC
     06/20/25      B+     USD        1,221        (218,397      (213,494      (4,903

Tesco PLC

     1.00      Quarterly      Barclays
Bank PLC
     12/20/25      BB+     EUR        200        (10,948      (6,000      (4,948
                            

 

 

    

 

 

    

 

 

 
                             $ (823,408    $ (384,414    $ (438,994
                            

 

 

    

 

 

    

 

 

 

 

  (a)

Using S&P/Standard & Poor’s rating of the issuer or the underlying securities of the index, as applicable.

 
  (b)

The maximum potential amount the Trust may pay should a negative credit event take place as defined under the terms of the agreement.

 

OTC Total Return Swaps

 

Paid by the Trust    Received by the Trust    Counterparty    Effective
Date
   Termination
Date
    

Notional
Amount (000)

     Value      Upfront
Premium
Paid
(Received)
     Unrealized
Appreciation
(Depreciation)
 
Reference    Frequency    Rate     Frequency
iShares
iBoxx
$ High
Yield
Corporate
Bond
ETF
   Quarterly     
1-Month LIBOR
minus 2.00
 
%, 
  Quarterly    Goldman Sachs International    11/13/18      12/13/18        USD       104      $ (11,534    $      $ (11,534
iBoxx
USD
Liquid
High
Yield
Index
   Quarterly     
3-Month
LIBOR, 2.74
 
  Quarterly    JPMorgan Chase Bank N.A.    02/07/18      12/20/18        USD       4,000        (70,161             (70,161
iBoxx
USD
Liquid
High
Yield
Index
   Quarterly     
3-Month
LIBOR, 2.74
 
  Quarterly    Goldman Sachs International    09/12/18      12/20/18        USD       9,800        (159,548             (159,548
iBoxx
USD
Liquid
High
Yield
Index
   Quarterly     
3-Month
LIBOR, 2.74
 
  Quarterly    Goldman Sachs International    06/13/18      12/20/18        USD       3,700        (68,222             (68,222
                        

 

 

    

 

 

    

 

 

 
                         $ (309,465    $      $ (309,465
                        

 

 

    

 

 

    

 

 

 

Fair Value Hierarchy as of Period End

Various inputs are used in determining the fair value of investments and derivative financial instruments. These inputs to valuation techniques are categorized into a fair value hierarchy consisting of three broad levels for financial reporting purposes as follows:

 

   

Level 1 — Unadjusted price quotations in active markets/exchanges for identical assets or liabilities that the Trust has the ability to access

 

   

Level 2 — Other observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are active, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the assets or liabilities (such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates) or other market–corroborated inputs)

 

   

Level 3 — Unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available (including the Trust’s own assumptions used in determining the fair value of investments and derivative financial instruments)

 

 

     31  


Consolidated Schedule of Investments  (unaudited) (continued)

November 30, 2018

  

BlackRock Corporate High Yield Fund, Inc. (HYT)

 

Fair Value Hierarchy as of Period End (continued)

The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the fair value hierarchy classification is determined based on the lowest level input that is significant to the fair value measurement in its entirety. Investments classified within Level 3 have significant unobservable inputs used by the BlackRock Global Valuation Methodologies Committee (the “Global Valuation Committee”) in determining the price for Fair Valued Investments. Level 3 investments include equity or debt issued by privately held companies or funds. There may not be a secondary market, and/or there are a limited number of investors. Level 3 investments may also be adjusted to reflect illiquidity and/or non-transferability, with the amount of such discount estimated by the Global Valuation Committee in the absence of market information.

Changes in valuation techniques may result in transfers into or out of an assigned level within the hierarchy. In accordance with the Trust’s policy, transfers between different levels of the fair value hierarchy are deemed to have occurred as of the beginning of the reporting period. The categorization of a value determined for investments and derivative financial instruments is based on the pricing transparency of the investments and derivative financial instruments and is not necessarily an indication of the risks associated with investing in those securities. For information about the Trust’s policy regarding valuation of investments and derivative financial instruments, refer to the Trust’s most recent financial statements as contained in its annual report.

The following tables summarize the Trust’s investments and derivative financial instruments categorized in the disclosure hierarchy:

 

      Level 1        Level 2        Level 3        Total  

Assets:

 

Investments:

 

Long-Term Investments:

 

Asset-Backed Securities

   $        $ 67,818,993        $ 250,000        $ 68,068,993  

Common Stocks

     35,984,377          27          4,362,784          40,347,188  

Corporate Bonds

     677,282          1,543,978,829          215,082          1,544,871,193  

Floating Rate Loan Interests

              246,000,507          19,429,430          265,429,937  

Investment Companies

     2,615,318                            2,615,318  

Other Interests

                       12          12  

Preferred Securities

     7,460,744          61,539,940          3,301,315          72,301,999  

Warrants

     377                            377  

Options Purchased

                 

Equity contracts

     450,817                            450,817  

Credit contracts

              9,294                   9,294  

Short-Term Securities

     1,451,224                            1,451,224  

Liabilities:

 

Unfunded Floating Rate Loan Interests(a)

              (1,661                 (1,661
  

 

 

      

 

 

      

 

 

      

 

 

 

Subtotal

   $ 48,640,139        $ 1,919,345,929        $ 27,558,623        $ 1,995,544,691  
  

 

 

      

 

 

      

 

 

      

 

 

 

Investments Valued at NAV(b)

 

       200,696  
    

 

 

 

Total Investments

                  $ 1,995,745,387  
                 

 

 

 

Derivative Financial Instruments(c)

 

Assets:

 

Credit contracts

   $        $ 448,891        $        $ 448,891  

Forward foreign currency contracts

              396,465                   396,465  

Interest rate contracts

                                 

Liabilities:

 

Credit contracts

              (455,001                 (455,001

Equity contracts

     (280,553        (11,534                 (292,087

Forward foreign currency contracts

              (170,763                 (170,763

Interest rate contracts

     (12,415        (297,931                 (310,346
  

 

 

      

 

 

      

 

 

      

 

 

 
   $ (292,968      $ (89,873      $        $ (382,841
  

 

 

      

 

 

      

 

 

      

 

 

 

 

  (a) 

Unfunded floating rate loan interests are valued at the unrealized appreciation (depreciation) on the commitment.

 

 

 

32   


Consolidated Schedule of Investments  (unaudited) (continued)

November 30, 2018

  

BlackRock Corporate High Yield Fund, Inc. (HYT)

 

  (b) 

As of November 30, 2018, certain investments of the Trust were fair valued using net asset value (“NAV”) per share 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.

 

During the year ended August 31, 2018, there were no transfers between Level 1 and Level 2.

The Trust may hold assets and/or liabilities in which the fair value approximates the carrying amount for financial statement purposes. As of period end, bank borrowings payable of $603,000,000 are categorized as Level 2 within the disclosure hierarchy.

A reconciliation of Level 3 investments is presented when the Fund had a significant amount of Level 3 investments at the beginning and/or end of the period in relation to net assets. The following table is a reconciliation of Level 3 investments for which significant unobservable inputs were used in determining fair value:

 

     

Common

Stocks

     Asset-Backed
Securities
    

Corporate

Bonds

     Floating
Rate Loan
Interests
    

Other

Interests

    

Preferred

Securities

     Total  

Assets:

                    

Opening balance, as of August 31, 2018

   $ 9,168,699      $ 1,000,000      $      $ 14,287,373      $ 12      $ 94,980      $ 24,551,064  

Transfers into Level 3

                   302,455        7,297,691               2,697,437        10,297,583  

Transfers out of Level 3

            (1,000,000             (1,134,164                    (2,134,164

Accrued discounts/premiums

                          (386                    (386

Net realized gain (loss)

                   81,577        15,495                      97,072  

Net change in unrealized

appreciation (depreciation)

     (4,805,915             (87,373      (213,896             508,898        (4,598,286

Purchases

            250,000           1,899,228                      2,149,228  

Sales

               (81,577      (2,721,911                    (2,803,488
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Closing balance, as of November 30, 2018

   $ 4,362,784      $ 250,000      $ 215,082      $ 19,429,430      $ 12      $ 3,301,315      $ 27,558,623  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Net change in unrealized appreciation (depreciation) on investments still held at November 30, 2018(a)

   $ (4,805,916    $      $ (87,373    $ (200,623    $      $ 508,898      $ (4,585,014
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

 

  (a) 

Any difference between net change in unrealized appreciation (depreciation) and net change in unrealized appreciation (depreciation) on investments still held at November 30, 2018 is generally due to investments no longer held or categorized as Level 3 at period end.

 

The Trust’s investments that are categorized as Level 3 were valued utilizing third party pricing information without adjustment. Such valuations are based on unobservable inputs. A significant change in third party information could result in a significantly lower or higher value of such Level 3 investments.

 

 

     33  


Item 2 – Controls and Procedures

 

2(a) –

The registrant’s principal executive and principal financial officers, or persons performing similar functions, have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the “1940 Act”)) are effective as of a date within 90 days of the filing of this report based on the evaluation of these controls and procedures required by Rule 30a-3(b) under the 1940 Act and Rule 13a-15(b) under the Securities Exchange Act of 1934, as amended.

 

2(b) –

There were no changes in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act) that occurred during the registrant’s last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrant’s internal control over financial reporting.

Item 3 – Exhibits

Certifications – Attached hereto


Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

BlackRock Corporate High Yield Fund, Inc.
By:       /s/ John M. Perlowski               
  John M. Perlowski  
  Chief Executive Officer (principal executive officer) of
  BlackRock Corporate High Yield Fund, Inc.

Date: January 18, 2019

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

 

By:       /s/ John M. Perlowski               
  John M. Perlowski  
  Chief Executive Officer (principal executive officer) of
  BlackRock Corporate High Yield Fund, Inc.

Date: January 18, 2019

 

By:       /s/ Neal J. Andrews                      
  Neal J. Andrews  
  Chief Financial Officer (principal financial officer) of
  BlackRock Corporate High Yield Fund, Inc.

Date: January 18, 2019