Schedule of Investments (unaudited) March 31, 2023 | BlackRock Core Bond Trust (BHK) (Percentages shown are based on Net Assets) |
Security | Par (000) | Value | ||||||||||
Asset-Backed Securities | ||||||||||||
522 Funding CLO Ltd.(a)(b) | ||||||||||||
Series 2019-4A, Class CR, (3 mo. LIBOR US + 2.40%), 7.21%, 04/20/30 | USD | 500 | $ | 489,440 | ||||||||
Series 2019-4A, Class DR, (3 mo. LIBOR US + 3.65%), 8.46%, 04/20/30 | 600 | 543,644 | ||||||||||
AGL CLO 3 Ltd., Series 2020-3A, Class D, | 250 | 234,140 | ||||||||||
ALM Ltd., Series 2020-1A, Class D, (3 mo. LIBOR US + 6.00%), 10.79%, 10/15/29(a)(b) | 285 | 251,622 | ||||||||||
AMMC CLO 20 Ltd., Series 2017-20A, Class AR, (3 mo. LIBOR US + 0.87%), 5.66%, 04/17/29(a)(b) | 202 | 201,416 | ||||||||||
Anchorage Capital CLO Ltd.(a)(b) | ||||||||||||
Series 2013-1A, Class A2R, (3 mo. LIBOR US + 1.65%), 6.47%, 10/13/30 | 380 | 368,934 | ||||||||||
Series 2013-1A, Class CR, (3 mo. LIBOR US + 3.20%), 8.02%, 10/13/30 | 720 | 686,355 | ||||||||||
Apidos CLO XXII, Series 2015-22A, Class CR, (3 mo. LIBOR US + 2.95%), 7.76%, 04/20/31(a)(b) | 250 | 234,992 | ||||||||||
Apidos CLO XXIV, Series 2016-24A, Class A1AL, (3 mo. LIBOR US + 0.95%), 5.76%, 10/20/30(a)(b) | 500 | 493,010 | ||||||||||
Apidos CLO XXVI, Series 2017-26A, Class A1AR, (3 mo. LIBOR US + 0.90%), 5.69%, 07/18/29(a)(b) | 1,090 | 1,078,697 | ||||||||||
Apidos CLO XXVII, Series 2017-27A, Class A1R, (3 mo. LIBOR US + 0.93%), 5.72%, 07/17/30(a)(b) | 250 | 247,262 | ||||||||||
ASSURANT CLO I Ltd., Series 2017-1A, Class CR, (3 mo. LIBOR US + 2.15%), 6.96%, 10/20/34(a)(b) | 500 | 471,638 | ||||||||||
Bain Capital Credit CLO Ltd.(a)(b) | ||||||||||||
Series 2021-3A, Class D, (3 mo. LIBOR US + 3.10%), 7.92%, 07/24/34 | 250 | 214,073 | ||||||||||
Series 2021-5A, Class B, (3 mo. LIBOR US + 1.65%), 6.47%, 10/23/34 | 500 | 475,722 | ||||||||||
Barings CLO Ltd., Series 2017-1A, Class D, (3 mo. LIBOR US + 3.60%), | 250 | 240,487 | ||||||||||
Benefit Street Partners CLO II Ltd., Series 2013-IIA, Class A1R2, (3 mo. LIBOR US + 0.87%), 5.66%, 07/15/29(a)(b) | 213 | 211,468 | ||||||||||
Birch Grove CLO 3 Ltd., Series 2021-3A, Class D1, (3 mo. LIBOR US + 3.20%), 8.00%, 01/19/35(a)(b) | 250 | 225,874 | ||||||||||
Birch Grove CLO Ltd., Series 19A, Class DR, (3 mo. LIBOR US + 3.35%), 8.22%, 06/15/31(a)(b) | 1,000 | 944,973 | ||||||||||
BlueMountain CLO XXVIII Ltd., Series 2021-28A, Class D, (3 mo. LIBOR US + 2.90%), 7.69%, 04/15/34(a)(b) | 500 | 438,207 | ||||||||||
Buttermilk Park CLO Ltd., Series 2018-1A, Class D, (3 mo. LIBOR US + 3.10%), 7.89%, 10/15/31(a)(b) | 250 | 222,646 | ||||||||||
Canyon Capital CLO Ltd.(a)(b) | ||||||||||||
Series 2016-1A, Class CR, (3 mo. LIBOR US + 1.90%), 6.69%, 07/15/31 | 250 | 236,069 | ||||||||||
Series 2021-2A, Class D, (3 mo. LIBOR US + 3.35%), 8.14%, 04/15/34 | 500 | 434,168 | ||||||||||
Carlyle Global Market Strategies CLO Ltd.(a)(b) | ||||||||||||
Series 2013-1A, Class A1RR, (3 mo. LIBOR US + 0.95%), 5.82%, 08/14/30 | 240 | 237,190 | ||||||||||
Series 2013-1A, Class CR, (3 mo. LIBOR US + 3.35%), 8.22%, 08/14/30 | 1,000 | 902,694 | ||||||||||
Carlyle U.S. CLO Ltd., Series 2022-6A, Class C, (3 mo. Term SOFR + 4.00%), 8.60%, 10/25/34(a)(b) | 250 | 249,972 | ||||||||||
CarVal CLO II Ltd., Series 2019-1A, Class DR, (3 mo. LIBOR US + 3.20%), 8.01%, 04/20/32(a)(b) | 500 | 454,984 |
Security | Par (000) | Value | ||||||||||
Asset-Backed Securities (continued) | ||||||||||||
CarVal CLO III Ltd., Series 2019-2A, Class E, | USD | 500 | $ | 439,234 | ||||||||
CarVal CLO VC Ltd., Series 2021-2A, Class D, (3 mo. LIBOR US + 3.25%), 8.04%, 10/15/34(a)(b) | 250 | 233,116 | ||||||||||
CBAM Ltd., Series 2017-1A, Class C, (3 mo. LIBOR US + 2.40%), 7.21%, 07/20/30(a)(b) | 350 | 340,368 | ||||||||||
Cedar Funding IX CLO Ltd.(a)(b) | ||||||||||||
Series 2018-9A, Class A1, (3 mo. LIBOR US + 0.98%), 5.79%, 04/20/31 | 250 | 246,886 | ||||||||||
Series 2018-9A, Class D, (3 mo. LIBOR US + 2.60%), 7.41%, 04/20/31 | 250 | 225,165 | ||||||||||
Cedar Funding VII CLO Ltd., Series 2018-7A, Class A1, (3 mo. LIBOR US + 1.00%), 5.81%, 01/20/31(a)(b) | 500 | 494,866 | ||||||||||
Cedar Funding X CLO Ltd., Series 2019-10A, Class BR, (3 mo. LIBOR US + 1.60%), 6.41%, 10/20/32(a)(b) | 930 | 897,402 | ||||||||||
Cedar Funding XIV CLO Ltd., Series 2021-14A, Class B, (3 mo. LIBOR US + 1.60%), 6.39%, 07/15/33(a)(b) | 500 | 482,172 | ||||||||||
CIFC Funding I Ltd., Series 2019-1A, Class DR, (3 mo. LIBOR US + 3.10%), 7.91%, 04/20/32(a)(b) | 500 | 477,430 | ||||||||||
CIFC Funding II Ltd., Series 2017-2A, Class AR, (3 mo. LIBOR US + 0.95%), 5.76%, 04/20/30(a)(b) | 491 | 485,721 | ||||||||||
CIFC Funding III Ltd.(a)(b) | ||||||||||||
Series 2015-3A, Class AR, (3 mo. LIBOR US + 0.87%), 5.67%, 04/19/29 | 218 | 215,888 | ||||||||||
Series 2020-1A, Class DR, (3 mo. LIBOR US + 3.10%), 7.89%, 07/15/36 | 500 | 463,176 | ||||||||||
CIFC Funding IV Ltd., Series 2017-4A, Class A1R, (3 mo. LIBOR US + 0.95%), 5.77%, 10/24/30(a)(b) | 484 | 479,111 | ||||||||||
CIFC Funding Ltd.(a)(b) | ||||||||||||
Series 2013-1A, Class CR, (3 mo. LIBOR US + 3.55%), 8.34%, 07/16/30 | 500 | 459,458 | ||||||||||
Series 2014-2RA, Class B1, (3 mo. LIBOR US + 2.80%), 7.62%, 04/24/30 | 750 | 705,041 | ||||||||||
Series 2014-3A, Class BR2, (3 mo. LIBOR US + 1.80%), 6.62%, 10/22/31 | 250 | 243,823 | ||||||||||
Series 2015-1A, Class ARR, (3 mo. LIBOR US + 1.11%), 5.93%, 01/22/31 | 1,000 | 990,951 | ||||||||||
CIFC Funding VII Ltd.(a)(b) | ||||||||||||
Series 2022-7A, Class C, (3 mo. Term SOFR + 3.85%), 8.06%, 10/22/35 | 500 | 498,943 | ||||||||||
Series 2022-7A, Class D, (3 mo. Term SOFR + 5.35%), 9.56%, 10/22/35 | 600 | 588,012 | ||||||||||
CWHEQ Revolving Home Equity Loan Trust, | ||||||||||||
Series 2006-I, Class 1A, (1 mo. LIBOR US + 0.14%), 4.82%, 01/15/37(a) | 1,124 | 992,409 | ||||||||||
Dewolf Park CLO Ltd., Series 2017-1A, Class DR, (3 mo. LIBOR US + 2.85%), 7.64%, 10/15/30(a)(b) | 280 | 251,655 | ||||||||||
Dryden 106 CLO Ltd., (3 mo. Term SOFR + 3.90%), 8.46%, 10/15/35(a)(b) | 500 | 499,114 | ||||||||||
Dryden 37 Senior Loan Fund, Series 2015-37A, Class AR, (3 mo. LIBOR US + 1.10%), 5.89%, 01/15/31(a)(b) | 250 | 247,382 | ||||||||||
Dryden 50 Senior Loan Fund, Series 2017-50A, Class B, (3 mo. LIBOR US + 1.65%), 6.44%, 07/15/30(a)(b) | 250 | 242,545 | ||||||||||
Dryden 53 CLO Ltd., Series 2017-53A, Class B, (3 mo. LIBOR US + 1.40%), 6.19%, 01/15/31(a)(b) | 1,320 | 1,288,973 | ||||||||||
Dryden 64 CLO Ltd., Series 2018-64A, Class D, (3 mo. LIBOR US + 2.65%), 7.44%, 04/18/31(a)(b) | 1,250 | 1,149,818 |
1 |
Schedule of Investments (unaudited) (continued) March 31, 2023 | BlackRock Core Bond Trust (BHK) (Percentages shown are based on Net Assets) |
Security | Par (000) | Value | ||||||||||
Asset-Backed Securities (continued) |
| |||||||||||
Dryden 78 CLO Ltd., Series 2020-78A, Class D, (3 mo. LIBOR US + 3.00%), 7.79%, 04/17/33(a)(b) | USD | 250 | $ | 228,427 | ||||||||
Dryden XXVIII Senior Loan Fund(a)(b) | ||||||||||||
Series 2013-28A, Class A1LR, (3 mo. LIBOR US + 1.20%), 6.06%, 08/15/30 | 241 | 239,418 | ||||||||||
Series 2013-28A, Class B1LR, (3 mo. LIBOR US + 3.15%), 8.01%, 08/15/30 | 1,000 | 928,220 | ||||||||||
Eaton Vance CLO Ltd., Series 2015-1A, Class A2R, (3 mo. LIBOR US + 1.25%), 6.06%, 01/20/30(a)(b) | 1,000 | 969,259 | ||||||||||
EDvestinU Private Education Loan Issue No. 3 LLC, Series 2021-A, Class B, 3.50%, 11/25/50(b) | 110 | 88,021 | ||||||||||
Elmwood CLO 21 Ltd., Series 2022-8A, Class C, (3 mo. Term SOFR + 3.85%), 8.42%, 11/20/35(a)(b) | 500 | 498,219 | ||||||||||
Elmwood CLO IV Ltd., Series 2020-1A, Class B, (3 mo. LIBOR US + 1.70%), 6.49%, 04/15/33(a)(b) | 250 | 243,089 | ||||||||||
Elmwood CLO V Ltd., Series 2020-2A, Class CR, (3 mo. LIBOR US + 2.00%), 6.81%, 10/20/34(a)(b) | 436 | 417,188 | ||||||||||
Elmwood CLO VI Ltd., Series 2020-3A, Class BR, (3 mo. LIBOR US + 1.65%), 6.46%, 10/20/34(a)(b) | 250 | 242,034 | ||||||||||
Fairstone Financial Issuance Trust I, Series 2020-1A, Class C, 5.16%, 10/20/39(b) | CAD | 170 | 115,277 | |||||||||
Flatiron CLO 18 Ltd., Series 2018-1A, Class A, (3 mo. Term SOFR + 1.21%), 5.87%, 04/17/31(a)(b) | USD | 1,500 | 1,480,771 | |||||||||
Galaxy XX CLO Ltd., Series 2015-20A, Class CR, (3 mo. LIBOR US + 1.75%), 6.56%, 04/20/31(a)(b) | 250 | 239,910 | ||||||||||
Galaxy XXIII CLO Ltd., Series 2017-23A, Class AR, (3 mo. LIBOR US + 0.87%), 5.69%, 04/24/29(a)(b) | 441 | 435,994 | ||||||||||
Galaxy XXVII CLO Ltd., Series 2018-27A, Class A, (3 mo. LIBOR US + 1.02%), 5.89%, 05/16/31(a)(b) | 2,000 | 1,969,201 | ||||||||||
Generate CLO 2 Ltd., Series 2A, Class AR, | 250 | 246,929 | ||||||||||
Generate CLO 3 Ltd., Series 3A, Class DR, | 1,750 | 1,667,405 | ||||||||||
Generate CLO 4 Ltd., Series 4A, Class DR, | 1,500 | 1,370,826 | ||||||||||
Generate CLO 6 Ltd., Series 6A, Class DR, | 750 | 684,263 | ||||||||||
GoldenTree Loan Management U.S. CLO 3 Ltd., Series 2018-3A, Class B1, (3 mo. LIBOR US + 1.55%), 6.36%, 04/20/30(a)(b) | 250 | 244,866 | ||||||||||
GoldenTree Loan Management U.S. CLO 4 Ltd., Series 2019-5A, Class BR, (3 mo. LIBOR US + 1.60%), 6.42%, 04/24/31(a)(b) | 500 | 485,832 | ||||||||||
GoldenTree Loan Opportunities IX Ltd., Series 2014-9A, Class BR2, (3 mo. LIBOR US + 1.60%), 6.40%, 10/29/29(a)(b) | 1,500 | 1,475,375 | ||||||||||
GoldenTree Loan Opportunities X Ltd., Series 2015-10A, Class DR, (3 mo. LIBOR US + 3.05%), 7.86%, 07/20/31(a)(b) | 250 | 236,577 | ||||||||||
Golub Capital Partners CLO 55B Ltd., Series 2021-55A, Class E, (3 mo. LIBOR US + 6.56%), 11.37%, 07/20/34(a)(b) | 250 | 222,767 | ||||||||||
Grippen Park CLO Ltd., Series 2017-1A, Class D, (3 mo. LIBOR US + 3.30%), 8.11%, 01/20/30(a)(b) | 250 | 235,136 | ||||||||||
Gulf Stream Meridian 1 Ltd., Series 2020-IA, Class E, (3 mo. LIBOR US + 6.45%), 11.24%, 04/15/33(a)(b) | 500 | 429,624 | ||||||||||
Highbridge Loan Management, Series 3A-2014, Class CR, (3 mo. LIBOR US + 3.60%), 8.39%, 07/18/29(a)(b) | 1,000 | 906,533 | ||||||||||
Jay Park CLO Ltd., Series 2016-1A, Class CR, (3 mo. LIBOR US + 2.65%), 7.46%, 10/20/27(a)(b) | 500 | 475,106 |
Security | Par (000) | Value | ||||||||||
Asset-Backed Securities (continued) |
| |||||||||||
Litigation Fee Residual, 4.00%, 10/30/27(c) | USD | 805 | $ | 775,964 | ||||||||
Long Beach Mortgage Loan Trust, Series 2006-8, Class 2A4, (1 mo. LIBOR US + 0.48%), 5.33%, 09/25/36(a) | 6,126 | 1,675,036 | ||||||||||
Madison Park Funding LXII Ltd., Series 2022-62A, Class A1, (3 mo. Term SOFR + 2.25%), 6.91%, 07/17/33(a)(b) | 760 | 760,327 | ||||||||||
Madison Park Funding XVII Ltd., Series 2015-17A, Class DR, (3 mo. LIBOR US + 3.60%), 8.42%, 07/21/30(a)(b) | 1,000 | 964,704 | ||||||||||
Madison Park Funding XXIII Ltd.(a)(b) | ||||||||||||
Series 2017-23A, Class AR, (3 mo. LIBOR | 989 | 977,651 | ||||||||||
Series 2017-23A, Class CR, (3 mo. LIBOR | 600 | 574,925 | ||||||||||
Madison Park Funding XXV Ltd.(a)(b) | ||||||||||||
Series 2017-25A, Class A1R, (3 mo. LIBOR | 1,471 | 1,453,748 | ||||||||||
Series 2017-25A, Class A2R, (3 mo. LIBOR | 250 | 244,250 | ||||||||||
Madison Park Funding XXXI Ltd., Series 2018-31A, Class D, (3 mo. LIBOR US + 3.00%), 7.82%, 01/23/31(a)(b) | 625 | 593,363 | ||||||||||
Madison Park Funding XXXIV Ltd., Series 2019-34A, Class DR, (3 mo. LIBOR US + 3.35%), 8.17%, 04/25/32(a)(b) | 250 | 240,821 | ||||||||||
Madison Park Funding XXXVII Ltd., Series 2019-37A, Class BR, (3 mo. LIBOR US + 1.65%), 6.44%, 07/15/33(a)(b) | 900 | 871,282 | ||||||||||
Madison Park Funding XXXVIII Ltd., Series 2021-38A, Class C, (3 mo. LIBOR US + 1.90%), 6.69%, 07/17/34(a)(b) | 250 | 236,777 | ||||||||||
Marble Point CLO XVII Ltd., Series 2020-1A, Class D, (3 mo. LIBOR US + 3.75%), 8.56%, 04/20/33(a)(b) | 250 | 228,534 | ||||||||||
Marble Point CLO XXIII Ltd., Series 2021-4A, Class D1, (3 mo. LIBOR US + 3.65%), 8.47%, 01/22/35(a)(b) | 250 | 229,589 | ||||||||||
Mariner Finance Issuance Trust, Series 2022-AA, Class A, 6.45%, 10/20/37(b) | 515 | 520,176 | ||||||||||
Navient Private Education Refi Loan Trust(b) | ||||||||||||
Series 2019-D, Class A2A, 3.01%, 12/15/59 | 626 | 588,058 | ||||||||||
Series 2019-GA, Class A, 2.40%, 10/15/68 | 228 | 212,244 | ||||||||||
Series 2021-DA, Class C, 3.48%, 04/15/60 | 770 | 688,679 | ||||||||||
Series 2021-DA, Class D, 4.00%, 04/15/60 | 440 | 399,359 | ||||||||||
Nelnet Student Loan Trust(b) | ||||||||||||
Series 2021-A, Class D, 4.93%, 04/20/62 | 460 | 391,416 | ||||||||||
Series 2021-BA, Class B, 2.68%, 04/20/62 | 1,983 | 1,629,152 | ||||||||||
Neuberger Berman CLO XXII Ltd., Series 2016-22A, Class BR, (3 mo. LIBOR US + 1.65%), 6.44%, 10/17/30(a)(b) | 250 | 244,624 | ||||||||||
Neuberger Berman Loan Advisers CLO 25 Ltd., Series 2017-25A, Class AR, (3 mo. LIBOR | 1,270 | 1,254,769 | ||||||||||
Neuberger Berman Loan Advisers CLO 37 Ltd., Series 2020-37A, Class CR, (3 mo. LIBOR US + 1.80%), 6.61%, 07/20/31(a)(b) | 1,162 | 1,128,687 | ||||||||||
Neuberger Berman Loan Advisers NBLA CLO 52 Ltd., Series 2022-52A, Class D, (3 mo. Term SOFR + 5.75%), 10.33%, 10/24/35(a)(b) | 568 | 566,217 | ||||||||||
OCP CLO Ltd.(a)(b) | ||||||||||||
Series 2015-9A, Class BR2, (3 mo. Term SOFR + 1.75%), 6.38%, 01/15/33 | 250 | 238,687 |
S C H E D U L E O F I N V E S T M E N T S | 2 |
Schedule of Investments (unaudited) (continued) March 31, 2023 | BlackRock Core Bond Trust (BHK) (Percentages shown are based on Net Assets) |
Security | Par (000) | Value | ||||||||||
Asset-Backed Securities (continued) |
| |||||||||||
OCP CLO Ltd.(a)(b) (continued) | ||||||||||||
Series 2017-13A, Class A1AR, (3 mo. LIBOR US + 0.96%), 5.75%, 07/15/30 | USD | 1,000 | $ | 985,056 | ||||||||
Series 2017-14A, Class A2, (3 mo. LIBOR US + 1.50%), 6.42%, 11/20/30 | 1,320 | 1,270,493 | ||||||||||
Octagon 54 Ltd., Series 2021-1A, Class D, | 250 | 227,906 | ||||||||||
Octagon Investment Partners XV Ltd., Series 2013-1A, Class A1RR, | 2,789 | 2,756,086 | ||||||||||
Octagon Investment Partners XVII Ltd., Series 2013-1A, Class BR2, | 500 | 484,964 | ||||||||||
Octagon Investment Partners XXI Ltd., Series 2014-1A, Class AAR3, (3 mo. LIBOR US + 1.00%), | 250 | 246,469 | ||||||||||
Octagon Investment Partners XXII Ltd., Series 2014-1A, Class DRR, (3 mo. LIBOR US + 2.75%), | 500 | 458,016 | ||||||||||
OneMain Financial Issuance Trust, Series 2020-1A, Class A, 3.84%, 05/14/32(b) | 599 | 594,729 | ||||||||||
OZLM VIII Ltd., Series 2014-8A, Class CRR, (3 mo. LIBOR US + 3.15%), 7.94%, 10/17/29(a)(b) | 875 | 801,721 | ||||||||||
OZLM XXI Ltd., Series 2017-21A, Class C, (3 mo. LIBOR US + 2.67%), 7.48%, 01/20/31(a)(b) | 1,000 | 884,048 | ||||||||||
Palmer Square CLO Ltd.(a)(b) | ||||||||||||
Series 2013-2A, Class A2R3, (3 mo. LIBOR US + 1.50%), 6.29%, 10/17/31 | 250 | 242,954 | ||||||||||
Series 2015-2A, Class CR2, (3 mo. LIBOR US + 2.75%), 7.56%, 07/20/30 | 250 | 231,636 | ||||||||||
Series 2020-3A, Class A2R, (3 mo. LIBOR US + 1.60%), 6.46%, 11/15/31 | 250 | 243,611 | ||||||||||
Series 2022-4A, Class C, (3 mo. Term SOFR + 4.00%), 8.07%, 10/20/35 | 1,000 | 1,004,161 | ||||||||||
Palmer Square Loan Funding Ltd.(a)(b) Series 2020-1A, Class C, (3 mo. LIBOR US + 2.50%), 7.18%,02/20/28 | 250 | 243,060 | ||||||||||
Series 2021-1A, Class A1, (3 mo. LIBOR US + 0.90%), 5.71%, 04/20/29 | 134 | 132,463 | ||||||||||
Series 2021-2A, Class A1, (3 mo. LIBOR US + 0.80%), 5.72%, 05/20/29 | 159 | 156,820 | ||||||||||
Series 2021-3A, Class A1, (3 mo. LIBOR US + 0.80%), 5.61%, 07/20/29 | 536 | 530,156 | ||||||||||
Park Avenue Institutional Advisers CLO Ltd., | ||||||||||||
Series 2017-1A, Class DR, (3 mo. LIBOR US + 6.81%), 11.68%, 02/14/34(a)(b) | 1,300 | 1,093,680 | ||||||||||
PPM CLO 2 Ltd., Series 2019-2A, Class DR, (3 mo. LIBOR US + 3.40%), 8.20%, 04/16/32(a)(b) | 250 | 227,654 | ||||||||||
Prodigy Finance DAC, Series 2021-1A, Class C, (1 mo. LIBOR US + 3.75%), 8.60%, 07/25/51(a)(b) | 250 | 247,572 | ||||||||||
Rad CLO 3 Ltd., Series 2019-3A, Class DR, (3 mo. LIBOR US + 2.75%), 7.54%, 04/15/32(a)(b) | 400 | 363,651 | ||||||||||
Regatta XI Funding Ltd., Series 2018-1A, Class D, (3 mo. LIBOR US + 2.85%), 7.64%, 07/17/31(a)(b) | 370 | 348,108 | ||||||||||
Regional Management Issuance Trust, Series 2021-A, Class A, 7.10%, 11/17/32(b) | 200 | 202,923 | ||||||||||
Republic Finance Issuance Trust, Series 2020-A, Class C, 4.05%, 11/20/30(b) | 240 | 219,765 | ||||||||||
Romark CLO Ltd., Series 2017-1A, Class B, (3 mo. LIBOR US + 2.15%), 6.97%, 10/23/30(a)(b) | 500 | 478,352 |
Security | Par (000) | Value | ||||||||||
Asset-Backed Securities (continued) |
| |||||||||||
Shackleton CLO Ltd., Series 2015-7RA, Class C, (3 mo. LIBOR US + 2.35%), 7.14%, 07/15/31(a)(b) | USD | 250 | $ | 238,398 | ||||||||
Signal Peak CLO 4 Ltd., (3 mo. LIBOR US + 0.95%), 5.77%, 10/26/34 | 1,200 | 1,194,012 | ||||||||||
SMB Private Education Loan Trust(b) Series 2021-C, Class C, 3.00%, 01/15/53 | 190 | 166,523 | ||||||||||
Series 2021-C, Class D, 3.93%, 01/15/53 | 160 | 146,676 | ||||||||||
Sterling Coofs Trust, Series 2004-2, Class Note, 2.08%, 03/30/30(b)(c) | 642 | 6,416 | ||||||||||
Sterling COOFS Trust, Series 2004-1, Class A, 2.36%, 04/15/29(c) | 736 | 7,356 | ||||||||||
Structured Asset Securities Corp. Pass-Through Certificates, Series 2002-AL1, Class A2, 3.45%, 02/25/32 | 56 | 47,922 | ||||||||||
TCI-Symphony CLO Ltd., (3 mo. LIBOR US + 0.93%), 5.72%, 07/15/30(a)(b) | 510 | 502,249 | ||||||||||
TCW CLO Ltd., Series 2020-1A, Class DRR, | 250 | 223,403 | ||||||||||
TICP CLO I-2 Ltd., Series 2018-IA, Class C, | 500 | 499,724 | ||||||||||
TICP CLO IX Ltd., Series 2017-9A, Class D, | 500 | 473,727 | ||||||||||
TICP CLO XV Ltd., Series 2020-15A, Class D, (3 mo. LIBOR US + 3.15%), 7.96%, 04/20/33(a)(b) | 250 | 234,467 | ||||||||||
Trestles CLO Ltd.(a)(b) | ||||||||||||
Series 2017-1A, Class B1R, (3 mo. LIBOR US + 1.75%), 6.57%, 04/25/32 | 1,750 | 1,667,032 | ||||||||||
Series 2017-1A, Class CR, (3 mo. LIBOR US + 2.90%), 7.72%, 04/25/32 | 250 | 224,037 | ||||||||||
Trimaran CAVU Ltd.(a)(b) | ||||||||||||
Series 2019-2A, Class C, (3 mo. LIBOR US + 4.72%), 9.51%, 11/26/32 | 500 | 463,912 | ||||||||||
Series 2021-2A, Class D1, (3 mo. LIBOR US + 3.25%), 8.07%, 10/25/34 | 500 | 452,227 | ||||||||||
Series 2022-2A, Class D, (3 mo. Term SOFR + 6.12%), 10.47%, 01/20/36 | 400 | 385,771 | ||||||||||
Unique Pub Finance Co. PLC, Series N, 6.46%, 03/30/32(d) | GBP | 6 | 7,457 | |||||||||
Voya CLO Ltd.(a)(b) | ||||||||||||
Series 2014-2A, Class A1RR, (3 mo. LIBOR US + 1.02%), 5.81%, 04/17/30 | USD | 218 | 216,329 | |||||||||
Series 2017-2A, Class A2AR, (3 mo. LIBOR US + 1.65%), 6.44%, 06/07/30 | 250 | 243,428 | ||||||||||
Series 2017-4A, Class A1, (3 mo. LIBOR US + 1.13%), 5.92%, 10/15/30 | 238 | 236,312 | ||||||||||
Series 2018-2A, Class A2, (3 mo. LIBOR US + 1.25%), 6.04%, 07/15/31 | 1,000 | 964,000 | ||||||||||
Series 2022-3A, Class B, (3 mo. Term SOFR + 2.85%), 6.86%, 10/20/34 | 425 | 425,705 | ||||||||||
Series 2022-4A, Class C, (3 mo. Term SOFR + 4.05%), 8.24%, 10/20/33 | 1,000 | 998,156 | ||||||||||
Whetstone Park CLO Ltd., Series 2021-1A, Classs 1A, (3 mo. LIBOR US + 1.60%), 6.41%, 01/20/35(a)(b) | 725 | 695,737 | ||||||||||
Whitebox CLO I Ltd., Series 2019-1A, Class CR, (3 mo. LIBOR US + 3.05%), 7.87%, 07/24/32(a)(b) | 500 | 462,348 | ||||||||||
Whitebox CLO II Ltd., Series 2020-2A, Class DR, (3 mo. LIBOR US + 3.35%), 8.17%, 10/24/34(a)(b) | 500 | 459,727 | ||||||||||
Whitebox CLO III Ltd.(a)(b) Series 2021-3A, Class D, (3 mo. LIBOR US + 3.35%), 8.14%, 10/15/34 | 250 | 224,581 |
3 |
Schedule of Investments (unaudited) (continued) March 31, 2023 | BlackRock Core Bond Trust (BHK) (Percentages shown are based on Net Assets) |
Security | Par (000) | Value | ||||||||||
Asset-Backed Securities (continued) |
| |||||||||||
Whitebox CLO III Ltd.(a)(b) (continued) | ||||||||||||
Series 2021-3A, Class E, (3 mo. LIBOR US + 6.85%), 11.64%, 10/15/34 | USD | 250 | $ | 225,853 | ||||||||
York CLO 1 Ltd.(a)(b) | ||||||||||||
Series 2014-1A, Class CRR, (3 mo. LIBOR US + 2.10%), 6.92%, 10/22/29 | 250 | 243,798 | ||||||||||
Series 2014-1A, Class DRR, (3 mo. LIBOR US + 3.01%), 7.83%, 10/22/29 | 250 | 239,221 | ||||||||||
|
| |||||||||||
Total Asset-Backed Securities — 14.2% (Cost: $90,131,488) | 86,146,200 | |||||||||||
|
| |||||||||||
Corporate Bonds | ||||||||||||
Aerospace & Defense — 2.9% | ||||||||||||
Amsted Industries, Inc., 5.63%, 07/01/27(b) | 30 | 29,175 | ||||||||||
Boeing Co. | ||||||||||||
2.95%, 02/01/30 | 800 | 706,010 | ||||||||||
5.15%, 05/01/30(e) | 879 | 884,496 | ||||||||||
3.60%, 05/01/34 | 550 | 472,490 | ||||||||||
Bombardier, Inc.(b) | ||||||||||||
7.50%, 03/15/25 | 15 | 14,998 | ||||||||||
7.13%, 06/15/26(e) | 846 | 849,046 | ||||||||||
7.88%, 04/15/27(e) | 395 | 399,870 | ||||||||||
6.00%, 02/15/28(e) | 667 | 649,495 | ||||||||||
7.50%, 02/01/29 | 303 | 309,533 | ||||||||||
7.45%, 05/01/34 | 100 | 112,000 | ||||||||||
Eaton Corp., 4.15%, 11/02/42 | 500 | 442,722 | ||||||||||
F-Brasile SpA/F-Brasile U.S. LLC, Series XR, 7.38%, 08/15/26(b) | 200 | 167,000 | ||||||||||
L3Harris Technologies, Inc. | ||||||||||||
2.90%, 12/15/29 | 1,200 | 1,060,667 | ||||||||||
1.80%, 01/15/31 | 300 | 242,483 | ||||||||||
Lockheed Martin Corp., 3.80%, 03/01/45 | 800 | 690,864 | ||||||||||
Northrop Grumman Corp. | ||||||||||||
4.70%, 03/15/33 | 400 | 404,068 | ||||||||||
3.85%, 04/15/45 | 850 | 711,349 | ||||||||||
Raytheon Technologies Corp. | ||||||||||||
2.38%, 03/15/32 | 1,000 | 841,048 | ||||||||||
5.15%, 02/27/33 | 900 | 936,632 | ||||||||||
4.50%, 06/01/42 | 300 | 284,335 | ||||||||||
Rolls-Royce PLC, 5.75%, 10/15/27(b) | 1,000 | 996,200 | ||||||||||
Spirit AeroSystems, Inc.(b) | ||||||||||||
7.50%, 04/15/25 | 22 | 22,000 | ||||||||||
9.38%, 11/30/29 | 435 | 474,694 | ||||||||||
TransDigm, Inc. | ||||||||||||
8.00%, 12/15/25(b) | 130 | 132,437 | ||||||||||
6.25%, 03/15/26(b) | 3,355 | 3,358,053 | ||||||||||
6.38%, 06/15/26 | 31 | 30,302 | ||||||||||
7.50%, 03/15/27 | 71 | 70,822 | ||||||||||
6.75%, 08/15/28(b) | 1,626 | 1,642,260 | ||||||||||
Triumph Group, Inc., 9.00%, 03/15/28(b) | 613 | 613,644 | ||||||||||
|
| |||||||||||
17,548,693 | ||||||||||||
Air Freight & Logistics — 0.0% | ||||||||||||
XPO Escrow Sub LLC, 7.50%, 11/15/27(b) | 60 | 62,400 | ||||||||||
|
| |||||||||||
Automobile Components — 0.6% | ||||||||||||
Aptiv PLC, 4.40%, 10/01/46 | 465 | 365,671 | ||||||||||
Clarios Global LP, 6.75%, 05/15/25(b) | 237 | 239,524 | ||||||||||
Clarios Global LP/Clarios U.S. Finance Co. 4.38%, 05/15/26(d) | EUR | 100 | 103,367 |
Security | Par (000) | Value | ||||||||||
Automobile Components (continued) | ||||||||||||
Clarios Global LP/Clarios U.S. Finance Co. (continued) |
| |||||||||||
6.25%, 05/15/26(b) | USD | 743 | $ | 741,142 | ||||||||
8.50%, 05/15/27(b) | 1,774 | 1,780,652 | ||||||||||
Dealer Tire LLC/DT Issuer LLC, 8.00%, 02/01/28(b) | 111 | 99,623 | ||||||||||
Goodyear Tire & Rubber Co. | ||||||||||||
5.00%, 07/15/29 | 78 | 69,685 | ||||||||||
5.63%, 04/30/33 | 81 | 70,065 | ||||||||||
ZF Finance GmbH, 3.75%, 09/21/28(d) | EUR | 100 | 96,658 | |||||||||
|
| |||||||||||
3,566,387 | ||||||||||||
Automobiles — 1.2% | ||||||||||||
Asbury Automotive Group, Inc., 5.00%, 02/15/32(b) | USD | 88 | 77,088 | |||||||||
Constellation Automotive Financing PLC, 4.88%, 07/15/27(d) | GBP | 100 | 89,744 | |||||||||
Ford Motor Co. | ||||||||||||
0.00%, 03/15/26(f) | USD | 216 | 215,784 | |||||||||
4.35%, 12/08/26 | 7 | 6,801 | ||||||||||
3.25%, 02/12/32(e) | 390 | 306,523 | ||||||||||
6.10%, 08/19/32(e) | 126 | 122,101 | ||||||||||
4.75%, 01/15/43 | 2,000 | 1,533,660 | ||||||||||
Ford Motor Credit Co. LLC | ||||||||||||
4.69%, 06/09/25 | 200 | 192,218 | ||||||||||
4.39%, 01/08/26 | 200 | 189,750 | ||||||||||
4.95%, 05/28/27(e) | 401 | 382,480 | ||||||||||
4.87%, 08/03/27 | EUR | 100 | 105,196 | |||||||||
4.13%, 08/17/27 | USD | 200 | 183,248 | |||||||||
2.90%, 02/16/28(e) | 200 | 171,920 | ||||||||||
7.35%, 03/06/30 | 200 | 205,500 | ||||||||||
3.63%, 06/17/31 | 300 | 247,209 | ||||||||||
General Motors Co. | ||||||||||||
5.60%, 10/15/32 | 69 | 67,557 | ||||||||||
6.25%, 10/02/43(e) | 2,506 | 2,408,743 | ||||||||||
General Motors Financial Co., Inc., 4.25%, 05/15/23 | 807 | 805,540 | ||||||||||
MajorDrive Holdings IV LLC, 6.38%, 06/01/29(b) | 120 | 88,852 | ||||||||||
RCI Banque SA, (5 year EUR Swap + 2.85%), 2.63%, 02/18/30(a)(d) | EUR | 100 | 98,792 | |||||||||
|
| |||||||||||
7,498,706 | ||||||||||||
Banks — 1.0% | ||||||||||||
Banca Monte dei Paschi di Siena SpA, (1 mo. EURIBOR + 3.21%), 6.75%, 03/02/26(a)(d) | 100 | 106,243 | ||||||||||
Banco Bilbao Vizcaya Argentaria SA, (5 year USD Swap + 3.87%), 6.13%(a)(g) | USD | 2,000 | 1,567,344 | |||||||||
Banco de Sabadell SA, (1 year EUR Swap + 2.40%), 5.25%, 02/07/29(a)(d) | EUR | 100 | 102,884 | |||||||||
Bangkok Bank PCL, (5 year CMT + 4.73%), 5.00% | USD | 200 | 182,725 | |||||||||
Bank Negara Indonesia Persero Tbk PT, 3.75%, 03/30/26(d) | 252 | 228,718 | ||||||||||
Bank of Communications Co. Ltd., (5 year CMT + 3.35%), 3.80%(a)(d)(g) | 518 | 497,927 | ||||||||||
Credit Suisse AG/New York, 5.00%, 07/09/27 | 900 | 866,250 | ||||||||||
Grupo Aval Ltd., 4.38%, 02/04/30(b) | 200 | 151,130 | ||||||||||
Krung Thai Bank PCL, (5 year CMT + 3.53%), 4.40%(a)(d)(g) | 252 | 221,729 | ||||||||||
Standard Chartered PLC, (5 year USD ICE Swap + 1.97%), 4.87%, 03/15/33(a)(b)(e) | 500 | 455,290 | ||||||||||
Wells Fargo & Co., (1 day SOFR + 2.53%), 3.07%, 04/30/41(a)(e) | 2,250 | 1,676,811 | ||||||||||
|
| |||||||||||
6,057,051 |
S C H E D U L E O F I N V E S T M E N T S | 4 |
Schedule of Investments (unaudited) (continued) March 31, 2023 | BlackRock Core Bond Trust (BHK) (Percentages shown are based on Net Assets) |
Security | Par (000) | Value | ||||||||||
Beverages — 1.8% | ||||||||||||
Anheuser-Busch Cos. LLC/Anheuser-Busch InBev Worldwide, Inc., 4.90%, 02/01/46(e) | USD | 4,600 | $ | 4,495,637 | ||||||||
ARD Finance SA, (6.50% Cash or 7.25% PIK), 6.50%, 06/30/27(b)(h) | 701 | 536,195 | ||||||||||
Ardagh Metal Packaging Finance USA LLC/Ardagh Metal Packaging Finance PLC(b) | ||||||||||||
6.00%, 06/15/27 | 372 | 368,661 | ||||||||||
3.25%, 09/01/28 | 200 | 172,113 | ||||||||||
4.00%, 09/01/29 | 1,466 | 1,147,145 | ||||||||||
Ardagh Packaging Finance PLC/Ardagh Holdings USA, Inc., 5.25%, 04/30/25(b) | 200 | 197,000 | ||||||||||
Crown Americas LLC, 5.25%, 04/01/30 | 91 | 87,625 | ||||||||||
Keurig Dr. Pepper, Inc., 2.25%, 03/15/31 | 400 | 335,315 | ||||||||||
Mauser Packaging Solutions Holding Co.(b) | ||||||||||||
7.88%, 08/15/26 | 2,060 | 2,060,000 | ||||||||||
9.25%, 04/15/27 | 30 | 27,720 | ||||||||||
Trivium Packaging Finance BV(b) | ||||||||||||
5.50%, 08/15/26 | 505 | 483,790 | ||||||||||
8.50%, 08/15/27 | 738 | 671,580 | ||||||||||
|
| |||||||||||
10,582,781 | ||||||||||||
Biotechnology — 0.6% | ||||||||||||
Amgen, Inc. | ||||||||||||
4.20%, 03/01/33(e) | 1,000 | 958,526 | ||||||||||
5.25%, 03/02/33 | 600 | 616,439 | ||||||||||
4.40%, 05/01/45 | 650 | 573,928 | ||||||||||
Baxalta, Inc., 5.25%, 06/23/45 | 500 | 490,010 | ||||||||||
Cidron Aida Finco SARL, 5.00%, 04/01/28(d) | EUR | 100 | 95,441 | |||||||||
Gilead Sciences, Inc., 4.80%, 04/01/44 | USD | 1,000 | 969,531 | |||||||||
|
| |||||||||||
3,703,875 | ||||||||||||
Broadline Retail — 0.0% | ||||||||||||
NMG Holding Co., Inc./Neiman Marcus Group LLC, 7.13%, 04/01/26(b) | 76 | 71,354 | ||||||||||
|
| |||||||||||
Building Materials(b) — 0.3% | ||||||||||||
Camelot Return Merger Sub, Inc., 8.75%, 08/01/28 | 146 | 135,187 | ||||||||||
Jeld-Wen, Inc. | ||||||||||||
6.25%, 05/15/25 | 98 | 97,755 | ||||||||||
4.63%, 12/15/25 | 17 | 15,768 | ||||||||||
Masonite International Corp., Class C, 5.38%, 02/01/28 | 17 | 16,235 | ||||||||||
New Enterprise Stone & Lime Co., Inc. 5.25%, 07/15/28 | 55 | 48,614 | ||||||||||
9.75%, 07/15/28 | 26 | 24,830 | ||||||||||
Smyrna Ready Mix Concrete LLC, 6.00%, 11/01/28 | 520 | 488,150 | ||||||||||
Standard Industries, Inc. | ||||||||||||
5.00%, 02/15/27 | 25 | 23,743 | ||||||||||
4.75%, 01/15/28 | 62 | 57,919 | ||||||||||
4.38%, 07/15/30 | 550 | 478,500 | ||||||||||
3.38%, 01/15/31 | 94 | 75,546 | ||||||||||
Summit Materials LLC/Summit Materials Finance Corp., 5.25%, 01/15/29 | 19 | 17,955 | ||||||||||
|
| |||||||||||
1,480,202 | ||||||||||||
Building Products — 1.2% | ||||||||||||
Advanced Drainage Systems, Inc.(b) | 232 | 220,475 | ||||||||||
6.38%, 06/15/30 | 483 | 473,262 | ||||||||||
Beacon Roofing Supply, Inc., 4.13%, 05/15/29(b) | 86 | 75,884 | ||||||||||
Foundation Building Materials, Inc., 6.00%, 03/01/29(b) | 47 | 37,253 | ||||||||||
GYP Holdings III Corp., 4.63%, 05/01/29(b) | 253 | 216,315 | ||||||||||
Home Depot, Inc., 5.88%, 12/16/36 | 1,660 | 1,850,827 |
Security | Par (000) | Value | ||||||||||
Building Products (continued) | ||||||||||||
Lowe’s Cos., Inc. 1.70%, 10/15/30 | USD | 800 | $ | 646,829 | ||||||||
5.00%, 04/15/33(e) | 1,000 | 1,000,282 | ||||||||||
4.38%, 09/15/45(e) | 1,000 | 846,633 | ||||||||||
Specialty Building Products Holdings LLC/SBP Finance Corp., 6.38%, 09/30/26(b) | 56 | 51,465 | ||||||||||
SRS Distribution, Inc.(b) | 345 | 306,393 | ||||||||||
6.13%, 07/01/29(e) | 340 | 286,861 | ||||||||||
6.00%, 12/01/29(e) | 423 | 349,259 | ||||||||||
White Cap Buyer LLC, 6.88%, 10/15/28(b)(e) | 809 | 701,774 | ||||||||||
White Cap Parent LLC, (8.25% Cash or 9.00% PIK), 8.25%, 03/15/26(b)(h) | 142 | 129,133 | ||||||||||
|
| |||||||||||
7,192,645 | ||||||||||||
Capital Markets — 1.4% | ||||||||||||
Blackstone Private Credit Fund | 56 | 55,219 | ||||||||||
3.25%, 03/15/27 | 53 | 45,000 | ||||||||||
Charles Schwab Corp., Series H, (10 year CMT + 3.08%), 4.00%(a)(e)(g) | 3,000 | 2,362,500 | ||||||||||
Compass Group Diversified Holdings LLC, 5.25%, 04/15/29(b) | 129 | 113,573 | ||||||||||
FMR LLC, 4.95%, 02/01/33(b) | 2,300 | 2,181,477 | ||||||||||
GLP Capital LP/GLP Financing II, Inc., 3.25%, 01/15/32 | 379 | 307,505 | ||||||||||
Icahn Enterprises LP/Icahn Enterprises Finance Corp. | 101 | 99,392 | ||||||||||
5.25%, 05/15/27 | 356 | 334,038 | ||||||||||
4.38%, 02/01/29 | 207 | 178,020 | ||||||||||
NFP Corp.(b) | ||||||||||||
4.88%, 08/15/28 | 658 | 593,516 | ||||||||||
6.88%, 08/15/28(e) | 1,270 | 1,089,838 | ||||||||||
7.50%, 10/01/30 | 74 | 71,501 | ||||||||||
Northern Trust Corp., 6.13%, 11/02/32 | 160 | 170,580 | ||||||||||
Owl Rock Capital Corp. | ||||||||||||
3.75%, 07/22/25 | 129 | 117,634 | ||||||||||
3.40%, 07/15/26 | 46 | 40,616 | ||||||||||
Owl Rock Core Income Corp. | ||||||||||||
3.13%, 09/23/26 | 31 | 26,894 | ||||||||||
7.75%, 09/16/27(b) | 215 | 211,804 | ||||||||||
Raymond James Financial, Inc., 4.95%, 07/15/46 | 400 | 363,134 | ||||||||||
SURA Asset Management SA, 4.88%, 04/17/24(d) | 178 | 174,440 | ||||||||||
|
| |||||||||||
8,536,681 | ||||||||||||
Chemicals — 1.0% | ||||||||||||
Air Liquide Finance SA, 3.50%, 09/27/46(b) | 360 | 287,714 | ||||||||||
Avient Corp., 7.13%, 08/01/30(b) | 74 | 76,312 | ||||||||||
Axalta Coating Systems LLC, 3.38%, 02/15/29(b) | 348 | 298,161 | ||||||||||
Axalta Coating Systems LLC/Axalta Coating Systems Dutch Holding B BV, 4.75%, 06/15/27(b) | 242 | 229,948 | ||||||||||
Braskem Idesa SAPI, 6.99%, 02/20/32(b) | 200 | 149,000 | ||||||||||
Celanese U.S. Holdings LLC, 6.17%, 07/15/27 | 101 | 101,576 | ||||||||||
Element Solutions, Inc., 3.88%, 09/01/28(b)(e) | 1,264 | 1,109,337 | ||||||||||
HB Fuller Co., 4.25%, 10/15/28 | 74 | 65,645 | ||||||||||
Herens Holdco SARL, 4.75%, 05/15/28(b) | 400 | 322,000 | ||||||||||
Illuminate Buyer LLC/Illuminate Holdings IV, Inc., 9.00%, 07/01/28(b) | 230 | 203,899 | ||||||||||
Kobe U.S. Midco 2, Inc., (9.25% Cash or 10.00% PIK), 9.25%, 11/01/26(b)(h) | 176 | 126,720 | ||||||||||
LSF11 A5 HoldCo LLC, 6.63%, 10/15/29(b) | 90 | 75,678 | ||||||||||
Minerals Technologies, Inc., 5.00%, 07/01/28(b) | 114 | 103,950 | ||||||||||
Monitchem HoldCo 3 SA, 5.25%, 03/15/25(d) | EUR | 100 | 108,047 |
5 |
Schedule of Investments (unaudited) (continued) March 31, 2023 | BlackRock Core Bond Trust (BHK) (Percentages shown are based on Net Assets) |
Security | Par (000) | Value | ||||||||||
Chemicals (continued) | ||||||||||||
Sasol Financing USA LLC, 6.50%, 09/27/28 | USD | 200 | $ | 186,725 | ||||||||
SCIL IV LLC/SCIL USA Holdings LLC, 5.38%, 11/01/26(b)(e) | 400 | 365,415 | ||||||||||
Sherwin-Williams Co., 4.50%, 06/01/47 | 350 | 308,719 | ||||||||||
SK Invictus Intermediate II SARL, 5.00%, 10/30/29(b) | 372 | 308,849 | ||||||||||
WESCO Distribution, Inc.(b) | ||||||||||||
7.13%, 06/15/25 | 117 | 118,925 | ||||||||||
7.25%, 06/15/28(e) | 590 | 605,812 | ||||||||||
WR Grace Holdings LLC(b) | ||||||||||||
4.88%, 06/15/27 | 105 | 101,211 | ||||||||||
5.63%, 08/15/29(e) | 987 | 836,482 | ||||||||||
7.38%, 03/01/31 | 105 | 105,397 | ||||||||||
|
| |||||||||||
|
6,195,522 |
| ||||||||||
Commercial Services & Supplies — 0.5% | ||||||||||||
ADT Security Corp.(b) | ||||||||||||
4.13%, 08/01/29 | 19 | 16,944 | ||||||||||
4.88%, 07/15/32 | 8 | 7,058 | ||||||||||
Albion Financing 1 SARL/Aggreko Holdings, Inc., 6.13%, 10/15/26(b) | 200 | 178,008 | ||||||||||
APX Group, Inc.(b) | ||||||||||||
6.75%, 02/15/27 | 123 | 122,385 | ||||||||||
5.75%, 07/15/29 | 181 | 161,995 | ||||||||||
BCP V Modular Services Finance II PLC, 4.75%, 11/30/28(d) | EUR | 100 | 92,087 | |||||||||
Cablevision Lightpath LLC, 3.88%, 09/15/27(b) | USD | 220 | 177,041 | |||||||||
Fortress Transportation & Infrastructure Investors LLC(b) | ||||||||||||
6.50%, 10/01/25 | 340 | 340,226 | ||||||||||
9.75%, 08/01/27 | 54 | 56,975 | ||||||||||
5.50%, 05/01/28(e) | 260 | 237,208 | ||||||||||
Herc Holdings, Inc., | 251 | 242,215 | ||||||||||
Hertz Corp.(b) | ||||||||||||
4.63%, 12/01/26 | 85 | 76,968 | ||||||||||
5.00%, 12/01/29 | 70 | 57,975 | ||||||||||
LABL, Inc., 9.50%, 11/01/28 | 162 | 163,418 | ||||||||||
Metis Merger Sub LLC, 6.50%, 05/15/29(b) | 82 | 68,298 | ||||||||||
NESCO Holdings II, Inc., 5.50%, 04/15/29(b) | 146 | 132,083 | ||||||||||
Prime Security Services Borrower LLC/Prime Finance, Inc.(b) | ||||||||||||
5.75%, 04/15/26 | 209 | 207,432 | ||||||||||
6.25%, 01/15/28(e) | 172 | 160,820 | ||||||||||
Sotheby’s/Bidfair Holdings, Inc., 5.88%, 06/01/29(b) | 400 | 331,728 | ||||||||||
Williams Scotsman International, Inc., 6.13%, 06/15/25(b) | 175 | 173,902 | ||||||||||
|
| |||||||||||
|
3,004,766 |
| ||||||||||
Communications Equipment — 0.2% | ||||||||||||
CommScope Technologies LLC, 6.00%, 06/15/25(b)(e) | 530 | 499,131 | ||||||||||
CommScope, Inc.(b) | ||||||||||||
8.25%, 03/01/27 | 96 | 78,634 | ||||||||||
7.13%, 07/01/28 | 171 | 126,119 | ||||||||||
4.75%, 09/01/29(e) | 355 | 295,900 | ||||||||||
Nokia OYJ, 6.63%, 05/15/39 | 88 | 87,835 | ||||||||||
Viasat, Inc., 5.63%, 09/15/25(b) | 320 | 303,379 | ||||||||||
|
| |||||||||||
|
1,390,998 |
| ||||||||||
Construction & Engineering — 0.6% | ||||||||||||
ITR Concession Co. LLC, 4.20%, 07/15/25(b) | 4,000 | 3,878,721 | ||||||||||
|
|
Security | Par (000) | Value | ||||||||||
Construction Materials(b) — 0.1% | ||||||||||||
BCPE Empire Holdings, Inc., 7.63%, 05/01/27 | USD | 187 | $ | 170,871 | ||||||||
Resideo Funding, Inc., 4.00%, 09/01/29 | 42 | 34,919 | ||||||||||
Ritchie Bros Holdings, Inc., 6.75%, 03/15/28 | 56 | 57,671 | ||||||||||
|
| |||||||||||
|
263,461 |
| ||||||||||
Consumer Discretionary — 1.0% | ||||||||||||
APi Group DE, Inc.(b) | ||||||||||||
4.13%, 07/15/29 | 89 | 76,369 | ||||||||||
4.75%, 10/15/29 | 68 | 59,828 | ||||||||||
Carnival Corp.(b) | ||||||||||||
10.50%, 02/01/26 | 387 | 403,223 | ||||||||||
7.63%, 03/01/26(e) | 48 | 43,800 | ||||||||||
5.75%, 03/01/27 | 711 | 583,255 | ||||||||||
9.88%, 08/01/27 | 223 | 229,711 | ||||||||||
4.00%, 08/01/28 | 447 | 384,791 | ||||||||||
6.00%, 05/01/29 | 393 | 312,435 | ||||||||||
Carnival Holdings Bermuda Ltd., 10.38%, 05/01/28(b) | 1,018 | 1,095,124 | ||||||||||
CoreLogic, Inc., 4.50%, 05/01/28(b)(e) | 350 | 265,562 | ||||||||||
Life Time, Inc.(b) | ||||||||||||
5.75%, 01/15/26 | 231 | 224,399 | ||||||||||
8.00%, 04/15/26 | 166 | 158,349 | ||||||||||
Lindblad Expeditions LLC, 6.75%, 02/15/27(b) | 208 | 201,364 | ||||||||||
NCL Corp. Ltd.(b) | ||||||||||||
5.88%, 03/15/26 | 144 | 122,555 | ||||||||||
8.38%, 02/01/28 | 95 | 95,326 | ||||||||||
7.75%, 02/15/29 | 46 | 39,442 | ||||||||||
NCL Finance Ltd., 6.13%, 03/15/28(b) | 177 | 143,412 | ||||||||||
Neptune Bidco U.S., Inc., 9.29%, 04/15/29(b) | 59 | 54,699 | ||||||||||
Royal Caribbean Cruises Ltd. (b) 11.50%, 06/01/25 | 82 | 87,434 | ||||||||||
5.50%, 08/31/26 | 93 | 87,006 | ||||||||||
5.38%, 07/15/27 | 138 | 122,917 | ||||||||||
11.63%, 08/15/27 | 124 | 133,182 | ||||||||||
5.50%, 04/01/28 | 121 | 106,829 | ||||||||||
8.25%, 01/15/29 | 136 | 142,273 | ||||||||||
9.25%, 01/15/29 | 186 | 197,625 | ||||||||||
7.25%, 01/15/30 | 192 | 193,200 | ||||||||||
Techem Verwaltungsgesellschaft 674 mbH, 6.00%, 07/30/26(d) | EUR | 88 | 90,097 | |||||||||
Viking Ocean Cruises Ship VII Ltd., 5.63%, 02/15/29(b) | USD | 101 | 86,691 | |||||||||
|
| |||||||||||
|
5,740,898 |
| ||||||||||
Consumer Finance — 1.0% | ||||||||||||
Block, Inc. | ||||||||||||
2.75%, 06/01/26 | 268 | 244,353 | ||||||||||
3.50%, 06/01/31 | 1,210 | 993,712 | ||||||||||
Capital One Financial Corp., (1 day SOFR + 2.60%), 5.82%, 02/01/34(a) | 440 | 425,181 | ||||||||||
Discover Financial Services, 6.70%, 11/29/32 | 65 | 67,011 | ||||||||||
Global Payments, Inc. | ||||||||||||
3.20%, 08/15/29 | 400 | 351,849 | ||||||||||
2.90%, 05/15/30 | 408 | 345,485 | ||||||||||
5.40%, 08/15/32 | 172 | 168,642 | ||||||||||
HealthEquity, Inc., 4.50%, 10/01/29(b) | 334 | 296,748 | ||||||||||
Moody’s Corp., 2.75%, 08/19/41 | 350 | 252,103 | ||||||||||
Navient Corp. | ||||||||||||
7.25%, 09/25/23 | 28 | 27,905 | ||||||||||
6.13%, 03/25/24 | 51 | 50,315 | ||||||||||
5.88%, 10/25/24 | 39 | 37,884 |
S C H E D U L E O F I N V E S T M E N T S | 6 |
Schedule of Investments (unaudited) (continued) March 31, 2023 | BlackRock Core Bond Trust (BHK) (Percentages shown are based on Net Assets) |
Security | Par (000) | Value | ||||||||||
Consumer Finance (continued) | ||||||||||||
Navient Corp. (continued) | USD | 30 | $ | 25,350 | ||||||||
OneMain Finance Corp. | ||||||||||||
6.88%, 03/15/25 | 53 | 51,357 | ||||||||||
7.13%, 03/15/26(e) | 168 | 161,497 | ||||||||||
3.50%, 01/15/27 | 206 | 172,888 | ||||||||||
6.63%, 01/15/28 | 165 | 151,274 | ||||||||||
5.38%, 11/15/29 | 42 | 35,333 | ||||||||||
4.00%, 09/15/30 | 74 | 55,500 | ||||||||||
Sabre Global, Inc.(b) | ||||||||||||
9.25%, 04/15/25 | 124 | 116,808 | ||||||||||
7.38%, 09/01/25 | 64 | 57,184 | ||||||||||
11.25%, 12/15/27 | 89 | 82,934 | ||||||||||
Shift4 Payments LLC/Shift4 Payments Finance Sub, Inc., 4.63%, 11/01/26(b) | 395 | 371,300 | ||||||||||
Shift4 Payments, Inc., 0.00%, 12/15/25(f) | 112 | 130,883 | ||||||||||
Verscend Escrow Corp., 9.75%, 08/15/26(b)(e) | 1,355 | 1,355,000 | ||||||||||
|
| |||||||||||
6,028,496 | ||||||||||||
Consumer Staples Distribution & Retail — 0.5% | ||||||||||||
Albertsons Cos., Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC(b) 3.25%, 03/15/26 | 41 | 38,581 | ||||||||||
7.50%, 03/15/26 | 65 | 66,690 | ||||||||||
4.63%, 01/15/27(e) | 222 | 214,693 | ||||||||||
5.88%, 02/15/28 | 219 | 217,654 | ||||||||||
6.50%, 02/15/28 | 109 | 109,273 | ||||||||||
3.50%, 03/15/29 | 69 | 60,036 | ||||||||||
4.88%, 02/15/30(e) | 194 | 181,077 | ||||||||||
Bellis Acquisition Co. PLC, 3.25%, 02/16/26(d) | GBP | 100 | 100,859 | |||||||||
Darling Ingredients, Inc., 6.00%, 06/15/30(b) | USD | 297 | 295,990 | |||||||||
Kraft Heinz Foods Co. | ||||||||||||
5.00%, 06/04/42 | 500 | 479,482 | ||||||||||
4.38%, 06/01/46 | 200 | 174,239 | ||||||||||
Lamb Weston Holdings, Inc.(b) | ||||||||||||
4.88%, 05/15/28 | 229 | 222,118 | ||||||||||
4.13%, 01/31/30(e) | 172 | 157,380 | ||||||||||
4.38%, 01/31/32(e) | 109 | 98,853 | ||||||||||
Ocado Group PLC, 3.88%, 10/08/26(d) | GBP | 100 | 91,539 | |||||||||
Performance Food Group, Inc.(b) | ||||||||||||
5.50%, 10/15/27 | USD | 28 | 27,373 | |||||||||
4.25%, 08/01/29 | 279 | 250,534 | ||||||||||
Post Holdings, Inc., 4.63%, 04/15/30(b) | 159 | 142,504 | ||||||||||
U.S. Foods, Inc.(b) | ||||||||||||
4.75%, 02/15/29 | 290 | 267,887 | ||||||||||
4.63%, 06/01/30 | 27 | 24,355 | ||||||||||
United Natural Foods, Inc., 6.75%, 10/15/28(b) | 24 | 22,306 | ||||||||||
|
| |||||||||||
3,243,423 | ||||||||||||
Containers & Packaging — 0.4% | ||||||||||||
Clydesdale Acquisition Holdings, Inc.(b) | ||||||||||||
6.63%, 04/15/29 | 591 | 568,837 | ||||||||||
8.75%, 04/15/30 | 382 | 347,139 | ||||||||||
International Paper Co., 6.00%, 11/15/41 | 870 | 905,452 | ||||||||||
LABL, Inc., 5.88%, 11/01/28(b) | 176 | 156,387 | ||||||||||
Sealed Air Corp./Sealed Air Corp. U.S., 6.13%, 02/01/28(b) | 113 | 114,261 | ||||||||||
|
| |||||||||||
2,092,076 |
Security | Par (000) | Value | ||||||||||
Distributors — 0.2% | ||||||||||||
Amazon.com, Inc., 4.05%, 08/22/47(e) | USD | 1,500 | $ | 1,360,152 | ||||||||
|
| |||||||||||
Diversified Consumer Services — 0.9% | ||||||||||||
Allied Universal Holdco LLC/Allied Universal Finance Corp.(b) | ||||||||||||
6.63%, 07/15/26 | 719 | 690,963 | ||||||||||
9.75%, 07/15/27(e) | 200 | 178,252 | ||||||||||
6.00%, 06/01/29(e) | 939 | 700,926 | ||||||||||
Allied Universal Holdco LLC/Allied Universal Finance Corp./Atlas Luxco 4 SARL, 4.63%, 06/01/28(b) | 1,441 | 1,213,446 | ||||||||||
Clarivate Science Holdings Corp.(b) | ||||||||||||
3.88%, 07/01/28 | 896 | 799,652 | ||||||||||
4.88%, 07/01/29(e) | 435 | 393,401 | ||||||||||
Garda World Security Corp.(b) | ||||||||||||
4.63%, 02/15/27 | 81 | 72,710 | ||||||||||
7.75%, 02/15/28 | 240 | 236,545 | ||||||||||
Graham Holdings Co., 5.75%, 06/01/26(b) | 27 | 26,464 | ||||||||||
Rekeep SpA, 7.25%, 02/01/26(d) | EUR | 100 | 95,436 | |||||||||
Sotheby’s, 7.38%, 10/15/27(b)(e) | USD | 865 | 818,229 | |||||||||
|
| |||||||||||
5,226,024 | ||||||||||||
Diversified REITs — 1.8% | ||||||||||||
Alexandria Real Estate Equities, Inc. | ||||||||||||
4.75%, 04/15/35 | 140 | 131,198 | ||||||||||
4.00%, 02/01/50 | 550 | 417,087 | ||||||||||
American Tower Corp., 2.90%, 01/15/30(e) | 1,500 | 1,304,500 | ||||||||||
Crown Castle, Inc. | ||||||||||||
2.10%, 04/01/31 | 1,000 | 817,126 | ||||||||||
2.90%, 04/01/41 | 350 | 249,613 | ||||||||||
Equinix, Inc., 2.50%, 05/15/31 | 500 | 411,709 | ||||||||||
ERP Operating LP, 4.50%, 06/01/45 | 1,155 | 997,731 | ||||||||||
Healthpeak OP LLC, 4.00%, 06/01/25 | 2,000 | 1,959,039 | ||||||||||
Iron Mountain, Inc.(b) | ||||||||||||
5.00%, 07/15/28 | 21 | 19,540 | ||||||||||
5.63%, 07/15/32 | 85 | 77,651 | ||||||||||
MPT Operating Partnership LP/MPT Finance Corp.(e) |
| |||||||||||
4.63%, 08/01/29 | 345 | 254,869 | ||||||||||
3.50%, 03/15/31 | 740 | 498,168 | ||||||||||
Prologis LP, 4.63%, 01/15/33(e) | 1,000 | 988,288 | ||||||||||
RHP Hotel Properties LP/RHP Finance Corp. |
| |||||||||||
4.75%, 10/15/27 | 245 | 229,613 | ||||||||||
4.50%, 02/15/29(b) | 125 | 112,910 | ||||||||||
Simon Property Group LP, 4.75%, 03/15/42 | 1,670 | 1,470,323 | ||||||||||
Ventas Realty LP, 4.13%, 01/15/26 | 870 | 843,721 | ||||||||||
VICI Properties LP, 4.95%, 02/15/30 | 138 | 129,495 | ||||||||||
VICI Properties LP/VICI Note Co., Inc., 3.88%, 02/15/29(b) | 34 | 30,230 | ||||||||||
|
| |||||||||||
10,942,811 | ||||||||||||
Diversified Telecommunication Services — 2.3% | ||||||||||||
AT&T, Inc. | 520 | 567,856 | ||||||||||
5.15%, 03/15/42 | 1,200 | 1,149,105 | ||||||||||
4.75%, 05/15/46 | 1,500 | 1,354,685 | ||||||||||
Level 3 Financing, Inc. | 324 | 256,266 | ||||||||||
4.63%, 09/15/27(b) | 76 | 45,695 | ||||||||||
4.25%, 07/01/28(b)(e) | 402 | 226,808 | ||||||||||
3.63%, 01/15/29(b) | 108 | 59,715 | ||||||||||
3.75%, 07/15/29(b) | 44 | 23,459 |
7 |
Schedule of Investments (unaudited) (continued) March 31, 2023 | BlackRock Core Bond Trust (BHK) (Percentages shown are based on Net Assets) |
Security | Par (000) | Value | ||||||||||
Diversified Telecommunication Services (continued) | ||||||||||||
Level 3 Financing, Inc. (continued) | ||||||||||||
3.88%, 11/15/29(b) | USD | 257 | $ | 185,999 | ||||||||
10.50%, 05/15/30 | 171 | 169,656 | ||||||||||
Lumen Technologies, Inc., 4.00%, 02/15/27(b) | 718 | 473,880 | ||||||||||
SoftBank Group Corp., 3.13%, 09/19/25(d) | EUR | 100 | 99,214 | |||||||||
Sprint Capital Corp., 8.75%, 03/15/32 | USD | 767 | 933,823 | |||||||||
Telecom Italia Capital SA | ||||||||||||
6.38%, 11/15/33 | 131 | 118,610 | ||||||||||
6.00%, 09/30/34 | 337 | 288,978 | ||||||||||
7.20%, 07/18/36 | 60 | 54,284 | ||||||||||
7.72%, 06/04/38 | 79 | 73,140 | ||||||||||
Telecom Italia SpA, 1.63%, 01/18/29(d) | EUR | 100 | 84,858 | |||||||||
Telecom Italia SpA/Milano, 6.88%, 02/15/28(d) | 100 | 110,619 | ||||||||||
Verizon Communications, Inc., 6.55%, 09/15/43(e) | USD | 5,000 | 5,680,547 | |||||||||
Zayo Group Holdings, Inc.(b) | ||||||||||||
4.00%, 03/01/27(e) | 1,653 | 1,256,280 | ||||||||||
6.13%, 03/01/28 | 1,290 | 784,578 | ||||||||||
|
| |||||||||||
13,998,055 | ||||||||||||
Education — 0.1% | ||||||||||||
Grand Canyon University, 5.13%, 10/01/28 |
| 702 | 633,365 | |||||||||
|
| |||||||||||
Electric Utilities — 4.0% | ||||||||||||
Baltimore Gas and Electric Co. | ||||||||||||
3.50%, 08/15/46 | 800 | 617,778 | ||||||||||
3.75%, 08/15/47 | 500 | 397,523 | ||||||||||
CenterPoint Energy Houston Electric LLC, Series ai, 4.45%, 10/01/32 | 750 | 743,146 | ||||||||||
Cleveland Electric Illuminating Co., 5.95%, 12/15/36 | 434 | 447,133 | ||||||||||
Comision Federal de Electricidad, 4.88%, 01/15/24 | 200 | 196,913 | ||||||||||
Duke Energy Carolinas LLC | ||||||||||||
6.10%, 06/01/37 | 640 | 690,962 | ||||||||||
6.00%, 01/15/38 | 1,675 | 1,806,855 | ||||||||||
Duke Energy Florida LLC | ||||||||||||
6.35%, 09/15/37(e) | 2,775 | 3,092,448 | ||||||||||
6.40%, 06/15/38 | 770 | 874,850 | ||||||||||
E.ON International Finance BV, 6.65%, 04/30/38(b)(e) | 2,000 | 2,190,417 | ||||||||||
Eversource Energy, 2.55%, 03/15/31 | 350 | 297,850 | ||||||||||
FirstEnergy Transmission LLC, 5.45%, 07/15/44(b) | 319 | 305,619 | ||||||||||
Ohio Power Co., Series D, 6.60%, 03/01/33(e) | 3,000 | 3,325,464 | ||||||||||
Oncor Electric Delivery Co. LLC | ||||||||||||
4.15%, 06/01/32 | 1,000 | 965,047 | ||||||||||
4.55%, 09/15/32 | 1,000 | 994,990 | ||||||||||
PacifiCorp., 6.25%, 10/15/37 | 1,225 | 1,371,659 | ||||||||||
San Diego Gas & Electric Co., Series VVV, 1.70%, 10/01/30 | 750 | 611,901 | ||||||||||
Southern California Edison Co., 5.63%, 02/01/36 | 1,300 | 1,339,579 | ||||||||||
Virginia Electric and Power Co., Series A, 6.00%, 05/15/37(e) | 3,920 | 4,206,387 | ||||||||||
|
| |||||||||||
24,476,521 | ||||||||||||
Electrical Equipment(b) — 0.2% | ||||||||||||
Gates Global LLC/Gates Corp., 6.25%, 01/15/26 | 406 | 398,895 | ||||||||||
Regal Rexnord Corp. | ||||||||||||
6.05%, 02/15/26 | 65 | 65,285 | ||||||||||
6.05%, 04/15/28 | 411 | 411,183 | ||||||||||
6.30%, 02/15/30 | 145 | 146,001 | ||||||||||
6.40%, 04/15/33 | 150 | 150,093 | ||||||||||
|
| |||||||||||
1,171,457 | ||||||||||||
Electronic Equipment, Instruments & Components — 0.4% | ||||||||||||
CDW LLC/CDW Finance Corp. | ||||||||||||
3.28%, 12/01/28 | 15 | 13,213 |
Security | Par (000) | Value | ||||||||||
Electronic Equipment, Instruments & Components (continued) | ||||||||||||
CDW LLC/CDW Finance Corp. (continued) | ||||||||||||
3.25%, 02/15/29 | USD | 191 | $ | 167,983 | ||||||||
Corning, Inc., 4.38%, 11/15/57 | 2,000 | 1,691,603 | ||||||||||
Imola Merger Corp., 4.75%, 05/15/29(b)(e) | 203 | 181,602 | ||||||||||
Vertiv Group Corp., 4.13%, 11/15/28(b)(e) | 412 | 363,530 | ||||||||||
|
| |||||||||||
2,417,931 | ||||||||||||
Energy Equipment & Services — 0.4% | ||||||||||||
Archrock Partners LP/Archrock Partners Finance Corp.(b) | ||||||||||||
6.88%, 04/01/27 | 331 | 324,794 | ||||||||||
6.25%, 04/01/28 | 464 | 445,440 | ||||||||||
Halliburton Co., 5.00%, 11/15/45 | 500 | 455,154 | ||||||||||
USA Compression Partners LP/USA Compression Finance Corp. | ||||||||||||
6.88%, 04/01/26 | 315 | 306,163 | ||||||||||
6.88%, 09/01/27 | 278 | 265,651 | ||||||||||
Vallourec SA, 8.50%, 06/30/26(d) | EUR | 17 | 18,344 | |||||||||
Weatherford International Ltd.(b) | ||||||||||||
11.00%, 12/01/24 | USD | 5 | 5,131 | |||||||||
6.50%, 09/15/28 | 151 | 151,258 | ||||||||||
8.63%, 04/30/30 | 220 | 225,073 | ||||||||||
|
| |||||||||||
2,197,008 | ||||||||||||
Environmental, Maintenance & Security Service — 0.4% | ||||||||||||
Clean Harbors, Inc., 6.38%, 02/01/31(b) | 77 | 78,560 | ||||||||||
Covanta Holding Corp. | ||||||||||||
4.88%, 12/01/29(b) | 92 | 81,856 | ||||||||||
5.00%, 09/01/30 | 48 | 41,290 | ||||||||||
GFL Environmental, Inc.(b) | ||||||||||||
4.25%, 06/01/25 | 110 | 107,330 | ||||||||||
3.75%, 08/01/25 | 120 | 115,320 | ||||||||||
5.13%, 12/15/26 | 139 | 135,909 | ||||||||||
4.00%, 08/01/28 | 295 | 268,028 | ||||||||||
3.50%, 09/01/28 | 111 | 100,455 | ||||||||||
4.75%, 06/15/29(e) | 287 | 268,087 | ||||||||||
4.38%, 08/15/29 | 252 | 225,590 | ||||||||||
Tervita Corp., 11.00%, 12/01/25(b) | 77 | 82,583 | ||||||||||
Waste Management, Inc., 2.95%, 06/01/41 | 350 | 267,805 | ||||||||||
Waste Pro USA, Inc., 5.50%, 02/15/26(b) | 618 | 568,351 | ||||||||||
|
| |||||||||||
2,341,164 | ||||||||||||
Financial Services — 4.5% | ||||||||||||
ABRA Global Finance, 11.50%, 03/02/28 | 185 | 144,437 | ||||||||||
Acuris Finance U.S., Inc./Acuris Finance SARL, 5.00%, 05/01/28(b) | 272 | 213,520 | ||||||||||
ASG Finance Designated Activity Co., 7.88%, 12/03/24(b) | 200 | 192,750 | ||||||||||
Bank of America Corp.(a)(e) | ||||||||||||
(1 day SOFR + 1.99%), 6.20%, 11/10/28 | 248 | 259,255 | ||||||||||
(3 mo. LIBOR US + 1.31%), 4.27%, 07/23/29 | 4,000 | 3,851,524 | ||||||||||
Barclays PLC, (1 year CMT + 1.05%), 2.28%, 11/24/27(a)(e) | 3,000 | 2,634,742 | ||||||||||
Blackstone Holdings Finance Co. LLC, 5.90%, 11/03/27(b) | 417 | 425,267 | ||||||||||
BNP Paribas SA, (5 year CMT + 3.34%), 4.63%(a)(b)(g) | 2,000 | 1,494,720 | ||||||||||
Citigroup, Inc., (5 year CMT + 3.42%), 3.88%(a)(g) | 160 | 135,120 | ||||||||||
Credit Agricole SA, (5 year USD Swap + 4.90%), 7.88%(a)(b)(g) | 1,000 | 977,020 | ||||||||||
Deutsche Bank AG/New York, (1 day SOFR + 3.18%), 6.72%, 01/18/29(a) | 850 | 844,059 | ||||||||||
Global Aircraft Leasing Co. Ltd., (6.50% Cash or 7.25% PIK), 6.50%, 09/15/24(b)(h) | 225 | 202,177 |
S C H E D U L E O F I N V E S T M E N T S | 8 |
Schedule of Investments (unaudited) (continued) March 31, 2023 | BlackRock Core Bond Trust (BHK) (Percentages shown are based on Net Assets) |
Security | Par (000) | Value | ||||||||||
Financial Services (continued) | ||||||||||||
Goldman Sachs Group, Inc. | ||||||||||||
3.75%, 05/22/25 | USD | 1,425 | $ | 1,383,839 | ||||||||
(3 mo. LIBOR US + 1.30%), 4.22%, 05/01/29(a)(e) | 4,000 | 3,833,178 | ||||||||||
Series R, (5 year CMT + 3.22%), 4.95%(a)(g) | 465 | 425,820 | ||||||||||
Home Point Capital, Inc., 5.00%, 02/01/26(b) | 116 | 87,035 | ||||||||||
HSBC Holdings PLC | ||||||||||||
6.10%, 01/14/42 | 610 | 652,949 | ||||||||||
(5 year CMT + 3.25%), 4.70%(a)(e)(g) | 275 | 204,473 | ||||||||||
(5 year USD ICE Swap + 4.37%), 6.38%(a)(g) | 1,000 | 918,954 | ||||||||||
ION Trading Technologies SARL, 5.75%, 05/15/28(b) | 200 | 159,734 | ||||||||||
Jefferies Finance LLC/JFIN Co.-Issuer Corp., 5.00%, 08/15/28(b) | 220 | 186,250 | ||||||||||
JPMorgan Chase & Co.(a) | ||||||||||||
(1 day SOFR + 1.18%), 2.55%, 11/08/32 | 1,000 | 829,095 | ||||||||||
(3 mo. LIBOR US + 1.16%), 3.70%, 05/06/30 | 1,000 | 929,586 | ||||||||||
Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp.(b) 5.25%, 10/01/25 | 30 | 26,394 | ||||||||||
4.25%, 02/01/27 | 42 | 33,180 | ||||||||||
4.75%, 06/15/29 | 46 | 33,250 | ||||||||||
Lloyds Banking Group PLC, (5 year CMT + 4.82%), 6.75%(a)(g) | 595 | 538,711 | ||||||||||
Morgan Stanley | ||||||||||||
4.00%, 07/23/25 | 905 | 885,849 | ||||||||||
(1 day SOFR + 1.73%), | 3,000 | 3,023,833 | ||||||||||
(5 year CMT + 2.43%), 5.95%, 01/19/38(a) | 70 | 69,609 | ||||||||||
Nationstar Mortgage Holdings, Inc.(b) | ||||||||||||
6.00%, 01/15/27 | 33 | 29,948 | ||||||||||
5.13%, 12/15/30 | 69 | 53,021 | ||||||||||
5.75%, 11/15/31 | 78 | 60,502 | ||||||||||
NatWest Group PLC, (1 year CMT + 2.27%), 5.52%, 09/30/28(a) | 1,000 | 990,842 | ||||||||||
Operadora de Servicios Mega SA de CV Sofom ER, 8.25%, 02/11/25(b) | 200 | 96,038 | ||||||||||
Rocket Mortgage LLC/Rocket Mortgage Co.-Issuer, Inc., 2.88%, 10/15/26(b)(e) | 524 | 468,980 | ||||||||||
Spectrum Brands, Inc.(b) | ||||||||||||
5.00%, 10/01/29 | 53 | 45,997 | ||||||||||
5.50%, 07/15/30 | 104 | 91,510 | ||||||||||
|
| |||||||||||
27,433,168 | ||||||||||||
Food Products — 0.4% | ||||||||||||
Aramark International Finance SARL, 3.13%, 04/01/25(d) | EUR | 100 | 104,894 | |||||||||
Aramark Services, Inc.(b) | ||||||||||||
5.00%, 04/01/25 | USD | 73 | 71,839 | |||||||||
6.38%, 05/01/25 | 14 | 14,103 | ||||||||||
5.00%, 02/01/28(e) | 541 | 512,038 | ||||||||||
BRF SA, 4.88%, 01/24/30(d) | 200 | 164,600 | ||||||||||
Chobani LLC/Chobani Finance Corp., Inc.(b) | ||||||||||||
7.50%, 04/15/25(e) | 803 | 782,942 | ||||||||||
4.63%, 11/15/28 | 628 | 572,265 | ||||||||||
Darling Global Finance BV, 3.63%, 05/15/26(d) | EUR | 100 | 105,109 | |||||||||
Grupo Bimbo SAB de CV, (5 year CMT + 3.28%), 5.95%(a)(b)(g) | USD | 200 | 198,975 | |||||||||
|
| |||||||||||
2,526,765 | ||||||||||||
Gas Utilities — 0.0% | ||||||||||||
Suburban Propane Partners LP/Suburban Energy Finance Corp., 5.00%, 06/01/31(b) | 62 | 54,173 | ||||||||||
|
|
Security | Par (000) | Value | ||||||||||
Ground Transportation — 1.3% | ||||||||||||
Burlington Northern Santa Fe LLC, 5.75%, 05/01/40 | USD | 1,890 | $ | 2,031,104 | ||||||||
Danaos Corp., 8.50%, 03/01/28(b) | 100 | 97,122 | ||||||||||
Lima Metro Line 2 Finance Ltd., 5.88%, 07/05/34(b) | 2,330 | 2,222,163 | ||||||||||
Norfolk Southern Corp., 2.30%, 05/15/31 | 1,800 | 1,508,735 | ||||||||||
Union Pacific Corp. | ||||||||||||
3.38%, 02/14/42 | 350 | 288,224 | ||||||||||
3.84%, 03/20/60 | 800 | 647,673 | ||||||||||
United Rentals North America, Inc., 6.00%, 12/15/29(b) | 1,202 | 1,218,551 | ||||||||||
|
| |||||||||||
8,013,572 | ||||||||||||
Health Care Equipment & Supplies — 0.5% | ||||||||||||
Avantor Funding, Inc. | ||||||||||||
2.63%, 11/01/25(d) | EUR | 100 | 104,089 | |||||||||
4.63%, 07/15/28(b)(e) | USD | 379 | 359,102 | |||||||||
3.88%, 11/01/29(b) | 17 | 15,215 | ||||||||||
Becton Dickinson and Co. | ||||||||||||
4.30%, 08/22/32 | 750 | 724,655 | ||||||||||
4.69%, 12/15/44 | 600 | 558,202 | ||||||||||
Embecta Corp., 6.75%, 02/15/30(b) | 50 | 45,500 | ||||||||||
Garden Spinco Corp., 8.63%, 07/20/30(b) | 136 | 145,306 | ||||||||||
Thermo Fisher Scientific, Inc., 5.30%, 02/01/44 | 1,000 | 1,043,687 | ||||||||||
|
| |||||||||||
2,995,756 | ||||||||||||
Health Care Providers & Services — 1.8% | ||||||||||||
Acadia Healthcare Co., Inc., 5.50%, 07/01/28(b) | 37 | 35,844 | ||||||||||
AdaptHealth LLC(b) | ||||||||||||
6.13%, 08/01/28 | 49 | 44,989 | ||||||||||
5.13%, 03/01/30 | 18 | 15,270 | ||||||||||
Aetna, Inc., 4.50%, 05/15/42 | 575 | 516,275 | ||||||||||
AHP Health Partners, Inc., 5.75%, 07/15/29(b) | 219 | 183,960 | ||||||||||
Cano Health LLC, 6.25%, 10/01/28(b) | 53 | 29,018 | ||||||||||
CHS/Community Health Systems, Inc.(b) | ||||||||||||
5.63%, 03/15/27 | 92 | 80,765 | ||||||||||
6.00%, 01/15/29 | 332 | 280,832 | ||||||||||
5.25%, 05/15/30 | 436 | 342,020 | ||||||||||
4.75%, 02/15/31 | 223 | 164,634 | ||||||||||
Elevance Health, Inc., 4.65%, 08/15/44 | 1,500 | 1,381,648 | ||||||||||
Encompass Health Corp. | ||||||||||||
4.75%, 02/01/30 | 310 | 281,850 | ||||||||||
4.63%, 04/01/31 | 141 | 123,170 | ||||||||||
HCA, Inc., 5.50%, 06/15/47 | 1,090 | 1,023,172 | ||||||||||
Legacy LifePoint Health LLC(b) | ||||||||||||
6.75%, 04/15/25 | 226 | 214,465 | ||||||||||
4.38%, 02/15/27 | 92 | 75,244 | ||||||||||
Medline Borrower LP(b) | ||||||||||||
3.88%, 04/01/29 | 379 | 328,782 | ||||||||||
5.25%, 10/01/29(e) | 855 | 741,809 | ||||||||||
ModivCare, Inc., 5.88%, 11/15/25(b) | 95 | 91,081 | ||||||||||
Molina Healthcare, Inc.(b) | ||||||||||||
4.38%, 06/15/28 | 32 | 29,769 | ||||||||||
3.88%, 11/15/30 | 122 | 106,447 | ||||||||||
3.88%, 05/15/32 | 13 | 10,925 | ||||||||||
Northwell Healthcare, Inc., 4.26%, 11/01/47 | 725 | 618,752 | ||||||||||
Surgery Center Holdings, Inc., | 189 | 186,973 | ||||||||||
Teleflex, Inc., 4.63%, 11/15/27 | 14 | 13,675 | ||||||||||
Tenet Healthcare Corp. | ||||||||||||
4.63%, 09/01/24 | 98 | 96,272 | ||||||||||
4.88%, 01/01/26 | 411 | 402,928 | ||||||||||
6.25%, 02/01/27 | 123 | 120,957 | ||||||||||
5.13%, 11/01/27 | 379 | 363,859 | ||||||||||
4.63%, 06/15/28 | 55 | 50,730 | ||||||||||
6.13%, 10/01/28 | 122 | 116,927 |
9 |
Schedule of Investments (unaudited) (continued) March 31, 2023 | BlackRock Core Bond Trust (BHK) (Percentages shown are based on Net Assets) |
Security | Par (000) | Value | ||||||||||
Health Care Providers & Services (continued) | ||||||||||||
Tenet Healthcare Corp. (continued) | ||||||||||||
6.13%, 06/15/30(b) | USD | 243 | $ | 239,720 | ||||||||
UnitedHealth Group, Inc. | ||||||||||||
5.80%, 03/15/36 | 1,750 | 1,909,952 | ||||||||||
3.05%, 05/15/41 | 600 | 472,932 | ||||||||||
|
| |||||||||||
|
10,695,646 |
| ||||||||||
Health Care Technology(b) — 0.2% | ||||||||||||
AthenaHealth Group, Inc., 6.50%, 02/15/30(e) | 1,106 | 896,811 | ||||||||||
Catalent Pharma Solutions, Inc., 3.50%, 04/01/30 | 328 | 288,256 | ||||||||||
|
| |||||||||||
|
1,185,067 |
| ||||||||||
Hotels, Restaurants & Leisure — 1.8% | ||||||||||||
Accor SA, (5 year EUR Swap + 4.56%), | EUR | 100 | 105,090 | |||||||||
Boyd Gaming Corp., 4.75%, 12/01/27 | USD | 88 | 84,401 | |||||||||
Boyne USA, Inc., 4.75%, 05/15/29(b) | 233 | 208,016 | ||||||||||
Burger King (Restaurant Brands International, Inc.)/New Red Finance, Inc. (b) | ||||||||||||
3.88%, 01/15/28 | 39 | 36,270 | ||||||||||
4.38%, 01/15/28(e) | 214 | 197,554 | ||||||||||
4.00%, 10/15/30 | 70 | 60,025 | ||||||||||
Caesars Entertainment, Inc. (b) | ||||||||||||
6.25%, 07/01/25 | 851 | 851,040 | ||||||||||
8.13%, 07/01/27(e) | 876 | 893,520 | ||||||||||
4.63%, 10/15/29(e) | 433 | 378,659 | ||||||||||
7.00%, 02/15/30 | 925 | 941,188 | ||||||||||
Caesars Resort Collection LLC/CRC Finco, Inc., 5.75%, 07/01/25(b) | 103 | 103,022 | ||||||||||
CDI Escrow Issuer, Inc., 5.75%, 04/01/30(b) | 393 | 379,575 | ||||||||||
Churchill Downs, Inc. (b) | ||||||||||||
5.50%, 04/01/27 | 244 | 238,897 | ||||||||||
4.75%, 01/15/28 | 309 | 289,355 | ||||||||||
Corvias Campus Living—USG LLC, 5.30%, 07/01/50 | 5,581 | 2,064,837 | ||||||||||
Fertitta Entertainment LLC/Fertitta Entertainment Finance Co., Inc. (b) | ||||||||||||
4.63%, 01/15/29 | 156 | 136,921 | ||||||||||
6.75%, 01/15/30 | 46 | 37,846 | ||||||||||
Fortune Star BVI Ltd., 6.75%, 07/02/23(d) | 200 | 194,500 | ||||||||||
Hilton Domestic Operating Co., Inc. (b) 5.75%, 05/01/28 | 112 | 112,000 | ||||||||||
3.75%, 05/01/29 | 99 | 88,605 | ||||||||||
4.00%, 05/01/31 | 79 | 69,180 | ||||||||||
3.63%, 02/15/32 | 77 | 64,969 | ||||||||||
Hilton Worldwide Finance LLC/Hilton Worldwide Finance Corp., 4.88%, 04/01/27 | 44 | 43,402 | ||||||||||
Melco Resorts Finance Ltd. | ||||||||||||
4.88%, 06/06/25(b) | 200 | 186,875 | ||||||||||
5.25%, 04/26/26(d) | 250 | 225,000 | ||||||||||
5.75%, 07/21/28(b) | 200 | 169,200 | ||||||||||
Merlin Entertainments Ltd., 5.75%, 06/15/26(b) | 400 | 379,390 | ||||||||||
MGM China Holdings Ltd., 5.88%, 05/15/26(d) | 450 | 423,506 | ||||||||||
Premier Entertainment Sub LLC/Premier Entertainment Finance Corp. (b) | ||||||||||||
5.63%, 09/01/29 | 63 | 46,501 | ||||||||||
5.88%, 09/01/31 | 79 | 56,789 | ||||||||||
Scientific Games International, Inc. (b) | ||||||||||||
8.63%, 07/01/25 | 136 | 139,230 | ||||||||||
7.00%, 05/15/28(e) | 100 | 99,000 | ||||||||||
7.25%, 11/15/29 | 96 | 96,185 | ||||||||||
Six Flags Theme Parks, Inc., 7.00%, 07/01/25(b) | 135 | 136,395 |
Security | Par (000) | Value | ||||||||||
Hotels, Restaurants & Leisure (continued) | ||||||||||||
Station Casinos LLC(b) | ||||||||||||
4.50%, 02/15/28 | USD | 123 | $ | 111,008 | ||||||||
4.63%, 12/01/31 | 155 | 130,898 | ||||||||||
Stonegate Pub Co. Financing PLC, 8.25%, 07/31/25(d) | GBP | 100 | 114,801 | |||||||||
Vail Resorts, Inc., 6.25%, 05/15/25(b) | USD | 105 | 105,246 | |||||||||
Wynn Las Vegas LLC/Wynn Las Vegas Capital Corp., 5.25%, 05/15/27(b)(e) | 125 | 118,125 | ||||||||||
Wynn Macau Ltd.(d) | ||||||||||||
4.88%, 10/01/24 | 200 | 192,560 | ||||||||||
5.50%, 10/01/27 | 200 | 174,000 | ||||||||||
Wynn Resorts Finance LLC/Wynn Resorts Capital Corp.(b) | ||||||||||||
5.13%, 10/01/29 | 480 | 436,013 | ||||||||||
7.13%, 02/15/31(e) | 204 | 206,931 | ||||||||||
|
| |||||||||||
|
11,126,525 |
| ||||||||||
Household Durables — 0.2% | ||||||||||||
Brookfield Residential Properties, Inc./Brookfield Residential U.S. LLC(b) | ||||||||||||
5.00%, 06/15/29 | 141 | 107,865 | ||||||||||
4.88%, 02/15/30 | 143 | 107,843 | ||||||||||
CD&R Smokey Buyer, Inc., 6.75%, 07/15/25(b) | 173 | 148,347 | ||||||||||
K Hovnanian Enterprises, Inc., 7.75%, 02/15/26(b) | 147 | 144,060 | ||||||||||
Meritage Homes Corp., 5.13%, 06/06/27 | 35 | 34,038 | ||||||||||
NCR Corp.(b) | ||||||||||||
5.00%, 10/01/28 | 73 | 64,164 | ||||||||||
5.13%, 04/15/29 | 91 | 78,738 | ||||||||||
6.13%, 09/01/29 | 57 | 56,221 | ||||||||||
SWF Escrow Issuer Corp., 6.50%, 10/01/29(b)(e) | 223 | 137,145 | ||||||||||
Taylor Morrison Communities, Inc.(b) | ||||||||||||
5.88%, 06/15/27 | 125 | 122,629 | ||||||||||
5.13%, 08/01/30 | 37 | 34,154 | ||||||||||
Tempur Sealy International, Inc., 3.88%, 10/15/31(b) | 76 | 63,460 | ||||||||||
Tri Pointe Homes, Inc., 5.25%, 06/01/27 | 28 | 26,600 | ||||||||||
|
| |||||||||||
|
1,125,264 |
| ||||||||||
Household Products — 0.0% | ||||||||||||
Central Garden & Pet Co. | ||||||||||||
5.13%, 02/01/28 | 35 | 33,687 | ||||||||||
4.13%, 10/15/30 | 116 | 102,498 | ||||||||||
|
| |||||||||||
|
136,185 |
| ||||||||||
Independent Power and Renewable Electricity Producers — 0.3% | ||||||||||||
Calpine Corp.(b) | ||||||||||||
5.13%, 03/15/28(e) | 539 | 493,492 | ||||||||||
5.00%, 02/01/31 | 41 | 34,707 | ||||||||||
Clearway Energy Operating LLC, 4.75%, 03/15/28(b) | 124 | 118,420 | ||||||||||
Greenko Dutch BV, 3.85%, 03/29/26(d)(e) | 188 | 169,341 | ||||||||||
Greenko Solar Mauritius Ltd., 5.95%, 07/29/26(d) | 200 | 187,913 | ||||||||||
India Cleantech Energy, 4.70%, 08/10/26(b) | 229 | 200,266 | ||||||||||
NRG Energy, Inc. | ||||||||||||
5.75%, 01/15/28 | 45 | 44,131 | ||||||||||
5.25%, 06/15/29(b) | 28 | 25,994 | ||||||||||
3.88%, 02/15/32(b) | 45 | 36,000 | ||||||||||
7.00%, 03/15/33(b) | 150 | 155,388 | ||||||||||
SCC Power PLC(b)(h) | ||||||||||||
(4.00% PIK), 4.00%, 05/17/32 | 134 | 9,518 | ||||||||||
(8.00% Cash or 4.00% Cash + 4.00% PIK), 8.00%, 12/31/28 | 247 | 87,721 |
S C H E D U L E O F I N V E S T M E N T S | 10 |
Schedule of Investments (unaudited) (continued) March 31, 2023 | BlackRock Core Bond Trust (BHK) (Percentages shown are based on Net Assets) |
Security | Par (000) | Value | ||||||||||
Independent Power and Renewable Electricity Producers (continued) | ||||||||||||
TerraForm Power Operating LLC, 4.75%, 01/15/30(b) | USD | 121 | $ | 108,499 | ||||||||
TransAlta Corp., 7.75%, 11/15/29 | 77 | 80,918 | ||||||||||
|
| |||||||||||
1,752,308 | ||||||||||||
Industrial Conglomerates — 0.4% | ||||||||||||
General Electric Co., 6.15%, 08/07/37(e) | 2,150 | 2,305,773 | ||||||||||
|
| |||||||||||
Insurance — 3.5% | ||||||||||||
Acrisure LLC/Acrisure Finance, Inc., 6.00%, 08/01/29(b) | 140 | 115,685 | ||||||||||
Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer(b) | ||||||||||||
4.25%, 10/15/27 | 986 | 883,150 | ||||||||||
6.75%, 10/15/27(e) | 1,419 | 1,316,122 | ||||||||||
6.75%, 04/15/28 | 432 | 427,140 | ||||||||||
5.88%, 11/01/29(e) | 1,379 | 1,162,901 | ||||||||||
Allstate Corp.(a) | 1,000 | 944,540 | ||||||||||
Series B, (3 mo. LIBOR US + 2.94%), 5.75%, 08/15/53 | 500 | 486,889 | ||||||||||
AmWINS Group, Inc., 4.88%, 06/30/29(b) | 189 | 167,265 | ||||||||||
Aon Global Ltd. | ||||||||||||
3.88%, 12/15/25 | 1,445 | 1,409,381 | ||||||||||
4.60%, 06/14/44 | 500 | 444,846 | ||||||||||
Berkshire Hathaway Finance Corp., 4.40%, 05/15/42 | 500 | 478,280 | ||||||||||
GTCR AP Finance, Inc., 8.00%, 05/15/27(b) | 161 | 153,641 | ||||||||||
HUB International Ltd.(b) | ||||||||||||
7.00%, 05/01/26 | 938 | 921,874 | ||||||||||
5.63%, 12/01/29 | 35 | 30,495 | ||||||||||
Jones Deslauriers Insurance Management, Inc. | ||||||||||||
8.50%, 03/15/30 | 197 | 204,184 | ||||||||||
10.50%, 12/15/30(b) | 191 | 192,377 | ||||||||||
Liberty Mutual Group, Inc., 6.50%, 05/01/42(b) | 2,000 | 2,097,496 | ||||||||||
Marsh & McLennan Cos., Inc., 5.88%, 08/01/33 | 1,500 | 1,621,305 | ||||||||||
Progressive Corp., 3.00%, 03/15/32 | 750 | 670,102 | ||||||||||
Prudential Financial, Inc. | ||||||||||||
5.90%, 03/17/36 | 500 | 523,811 | ||||||||||
5.70%, 12/14/36 | 1,625 | 1,724,920 | ||||||||||
Ryan Specialty Group LLC, 4.38%, 02/01/30(b) | 132 | 115,418 | ||||||||||
Teachers Insurance & Annuity Association of America, 4.27%, 05/15/47(b) | 700 | 590,190 | ||||||||||
Voya Financial, Inc., (3 mo. LIBOR US + 3.58%), 5.65%, 05/15/53(a) | 4,500 | 4,342,500 | ||||||||||
|
| |||||||||||
21,024,512 | ||||||||||||
Interactive Media & Services — 0.1% | ||||||||||||
Cablevision Lightpath LLC, 5.63%, 09/15/28(b) | 400 | 276,020 | ||||||||||
iliad SA(d) | ||||||||||||
5.38%, 06/14/27 | EUR | 100 | 107,577 | |||||||||
5.63%, 02/15/30 | 100 | 105,197 | ||||||||||
Northwest Fiber LLC/Northwest Fiber Finance Sub, Inc.(b) | ||||||||||||
4.75%, 04/30/27 | USD | 301 | 257,152 | |||||||||
6.00%, 02/15/28 | 29 | 21,457 | ||||||||||
|
| |||||||||||
767,403 | ||||||||||||
Internet Software & Services — 0.5% | ||||||||||||
Booking Holdings, Inc., 0.75%, 05/01/25 | 34 | 50,912 | ||||||||||
Go Daddy Operating Co. LLC/GD Finance Co., Inc., 5.25%, 12/01/27(b) | 27 | 26,274 | ||||||||||
Match Group Holdings II LLC(b) | ||||||||||||
5.63%, 02/15/29 | 6 | 5,641 | ||||||||||
4.13%, 08/01/30 | 20 | 17,220 |
Security | Par (000) | Value | ||||||||||
Internet Software & Services (continued) | ||||||||||||
Match Group Holdings II LLC(b) (continued) 3.63%, 10/01/31 | USD | 209 | $ | 170,079 | ||||||||
Uber Technologies, Inc. | ||||||||||||
0.00%, 12/15/25(f) | 884 | 777,726 | ||||||||||
8.00%, 11/01/26(b) | 265 | 271,686 | ||||||||||
7.50%, 09/15/27(b)(e) | 788 | 812,515 | ||||||||||
6.25%, 01/15/28(b)(e) | 190 | 189,525 | ||||||||||
4.50%, 08/15/29(b)(e) | 745 | 678,881 | ||||||||||
|
| |||||||||||
3,000,459 | ||||||||||||
IT Services — 1.0% | ||||||||||||
Ahead DB Holdings LLC, 6.63%, 05/01/28(b) | 99 | 81,986 | ||||||||||
CA Magnum Holdings, 5.38%, 10/31/26(b) | 258 | 227,685 | ||||||||||
Camelot Finance SA, 4.50%, 11/01/26(b) | 279 | 263,655 | ||||||||||
Dun & Bradstreet Corp., 5.00%, 12/15/29(b) | 534 | 462,375 | ||||||||||
Fidelity National Information Services, Inc., 4.50%, 08/15/46 | 1,000 | 824,789 | ||||||||||
Fiserv, Inc., 4.40%, 07/01/49 | 500 | 427,189 | ||||||||||
International Business Machines Corp. | ||||||||||||
4.40%, 07/27/32 | 500 | 486,976 | ||||||||||
4.75%, 02/06/33 | 550 | 546,697 | ||||||||||
2.95%, 05/15/50 | 750 | 506,106 | ||||||||||
KBR, Inc., 4.75%, 09/30/28(b) | 134 | 119,744 | ||||||||||
McAfee Corp., 7.38%, 02/15/30(b)(e) | 734 | 615,455 | ||||||||||
Presidio Holdings, Inc., 4.88%, 02/01/27(b) | 32 | 30,580 | ||||||||||
Twilio, Inc. | ||||||||||||
3.63%, 03/15/29 | 117 | 100,912 | ||||||||||
3.88%, 03/15/31(e) | 340 | 288,497 | ||||||||||
ZoomInfo Technologies LLC/ZoomInfo Finance Corp., 3.88%, 02/01/29(b)(e) | 874 | 756,644 | ||||||||||
|
| |||||||||||
5,739,290 | ||||||||||||
Leisure Products — 0.1% | ||||||||||||
Mattel, Inc. | ||||||||||||
6.20%, 10/01/40 | 218 | 196,337 | ||||||||||
5.45%, 11/01/41 | 149 | 125,459 | ||||||||||
|
| |||||||||||
321,796 | ||||||||||||
Machinery — 0.5% | ||||||||||||
Chart Industries, Inc.(b) | ||||||||||||
7.50%, 01/01/30 | 445 | 459,783 | ||||||||||
9.50%, 01/01/31 | 66 | 69,630 | ||||||||||
Husky III Holding Ltd., (13.00% Cash or 13.75% PIK), 13.00%, 02/15/25(b)(h) | 241 | 203,645 | ||||||||||
Madison IAQ LLC, 5.88%, 06/30/29(b)(e) | 232 | 179,220 | ||||||||||
OT Merger Corp., 7.88%, 10/15/29(b) | 78 | 46,023 | ||||||||||
Terex Corp., 5.00%, 05/15/29(b) | 205 | 190,754 | ||||||||||
Titan Acquisition Ltd./Titan Co.-Borrower LLC, 7.75%, 04/15/26(b) | 514 | 430,475 | ||||||||||
TK Elevator Holdco GmbH, 7.63%, 07/15/28(b)(e) | 400 | 345,695 | ||||||||||
TK Elevator Midco GmbH, 4.38%, 07/15/27(d) | EUR | 200 | 195,752 | |||||||||
TK Elevator U.S. Newco, Inc., | USD | 1,207 | 1,139,529 | |||||||||
|
| |||||||||||
3,260,506 | ||||||||||||
Marine Transportation — 0.0% | ||||||||||||
Huntington Ingalls Industries, Inc., 4.20%, 05/01/30 | 126 | 117,927 | ||||||||||
|
| |||||||||||
Media — 5.0% | ||||||||||||
Altice Financing SA | ||||||||||||
3.00%, 01/15/28(d) | EUR | 100 | 86,343 | |||||||||
5.75%, 08/15/29(b) | USD | 1,451 | 1,153,545 | |||||||||
Altice France Holding SA, 10.50%, 05/15/27(b) | 488 | 373,320 |
11 |
Schedule of Investments (unaudited) (continued) March 31, 2023 | BlackRock Core Bond Trust (BHK) (Percentages shown are based on Net Assets) |
Security | Par (000) | Value | ||||||||||
Media (continued) | ||||||||||||
AMC Networks, Inc. | ||||||||||||
4.75%, 08/01/25 | USD | 115 | $ | 101,987 | ||||||||
4.25%, 02/15/29 | 83 | 51,029 | ||||||||||
Bell Telephone Co. of Canada or Bell Canada, Series US-4, 3.65%, 03/17/51 | 335 | 255,807 | ||||||||||
Cable One, Inc. | ||||||||||||
0.00%, 03/15/26(f) | 62 | 48,918 | ||||||||||
1.13%, 03/15/28 | 492 | 359,652 | ||||||||||
4.00%, 11/15/30(b) | 199 | 161,980 | ||||||||||
CCO Holdings LLC/CCO Holdings Capital Corp. | ||||||||||||
5.13%, 05/01/27(b) | 228 | 215,460 | ||||||||||
5.00%, 02/01/28(b) | 210 | 193,725 | ||||||||||
6.38%, 09/01/29(b)(e) | 517 | 493,735 | ||||||||||
4.75%, 03/01/30(b)(e) | 262 | 226,995 | ||||||||||
4.25%, 02/01/31(b) | 431 | 352,411 | ||||||||||
7.38%, 03/01/31(b)(e) | 218 | 214,594 | ||||||||||
4.75%, 02/01/32(b) | 401 | 336,781 | ||||||||||
4.50%, 05/01/32 | 25 | 20,446 | ||||||||||
4.50%, 06/01/33(b) | 227 | 182,746 | ||||||||||
4.25%, 01/15/34(b)(e) | 886 | 692,958 | ||||||||||
Charter Communications Operating LLC/Charter Communications Operating Capital | 1,100 | 907,553 | ||||||||||
4.80%, 03/01/50 | 1,000 | 762,193 | ||||||||||
Clear Channel International BV, | ||||||||||||
6.63%, 08/01/25(b) | 256 | 249,109 | ||||||||||
Clear Channel Outdoor Holdings, Inc.(b) | ||||||||||||
5.13%, 08/15/27 | 1,043 | 936,093 | ||||||||||
7.75%, 04/15/28(e) | 663 | 497,250 | ||||||||||
7.50%, 06/01/29 | 604 | 429,263 | ||||||||||
CMG Media Corp., 8.88%, 12/15/27(b) | 478 | 361,368 | ||||||||||
Comcast Corp. | ||||||||||||
6.45%, 03/15/37 | 790 | 904,118 | ||||||||||
3.90%, 03/01/38 | 1,500 | 1,342,637 | ||||||||||
4.70%, 10/15/48(e) | 3,000 | 2,840,266 | ||||||||||
Connect Finco SARL/Connect U.S. Finco LLC, 6.75%, 10/01/26(b) | 1,055 | 991,700 | ||||||||||
CSC Holdings LLC | ||||||||||||
5.25%, 06/01/24 | 276 | 266,340 | ||||||||||
5.50%, 04/15/27(b) | 200 | 168,420 | ||||||||||
4.13%, 12/01/30(b)(e) | 600 | 430,914 | ||||||||||
4.50%, 11/15/31(b) | 813 | 586,181 | ||||||||||
Directv Financing LLC/Directv Financing Co.-Obligor, Inc., 5.88%, 08/15/27(b)(e) | 299 | 270,804 | ||||||||||
Discovery Communications LLC, 3.45%, 03/15/25 | 210 | 201,666 | ||||||||||
DISH DBS Corp. | ||||||||||||
7.75%, 07/01/26(e) | 343 | 226,380 | ||||||||||
5.25%, 12/01/26(b) | 829 | 661,455 | ||||||||||
5.75%, 12/01/28(b) | 478 | 356,708 | ||||||||||
5.13%, 06/01/29 | 52 | 27,690 | ||||||||||
DISH Network Corp., 11.75%, 11/15/27(b) | 127 | 123,190 | ||||||||||
Frontier Communications Holdings LLC(b) | ||||||||||||
5.88%, 10/15/27(e) | 152 | 138,183 | ||||||||||
5.00%, 05/01/28 | 520 | 451,235 | ||||||||||
8.75%, 05/15/30 | 821 | 817,724 | ||||||||||
GCI LLC, 4.75%, 10/15/28(b) | 72 | 62,117 | ||||||||||
Iliad Holding SASU(b) | ||||||||||||
6.50%, 10/15/26 | 529 | 504,147 | ||||||||||
7.00%, 10/15/28 | 802 | 760,930 | ||||||||||
Interpublic Group of Cos., Inc., 5.40%, 10/01/48 | 500 | 481,200 |
Security | Par (000) | Value | ||||||||||
Media (continued) | ||||||||||||
Ligado Networks LLC, (15.50% PIK), 15.50%, 11/01/23(b)(h) | USD | 166 | $ | 39,870 | ||||||||
Lions Gate Capital Holdings LLC, 5.50%, 04/15/29(b) | 155 | 101,913 | ||||||||||
Live Nation Entertainment, Inc.(b) | ||||||||||||
5.63%, 03/15/26 | 11 | 10,643 | ||||||||||
6.50%, 05/15/27(e) | 821 | 829,821 | ||||||||||
4.75%, 10/15/27 | 345 | 319,125 | ||||||||||
3.75%, 01/15/28 | 132 | 118,140 | ||||||||||
Lorca Telecom Bondco SA, 4.00%, 09/18/27(d) | EUR | 100 | 99,389 | |||||||||
Midcontinent Communications/Midcontinent Finance Corp., 5.38%, 08/15/27(b) | USD | 108 | 97,740 | |||||||||
Network i2i Ltd., (5 year CMT + 4.27%), | 400 | 378,075 | ||||||||||
Outfront Media Capital LLC/Outfront Media Capital Corp.(b) | ||||||||||||
5.00%, 08/15/27(e) | 269 | 242,323 | ||||||||||
4.25%, 01/15/29(e) | 283 | 234,890 | ||||||||||
4.63%, 03/15/30 | 26 | 21,683 | ||||||||||
Paramount Global, 5.85%, 09/01/43 | 645 | 557,477 | ||||||||||
Radiate Holdco LLC/Radiate Finance, Inc.(b) | ||||||||||||
4.50%, 09/15/26(e) | 355 | 277,788 | ||||||||||
6.50%, 09/15/28 | 776 | 318,160 | ||||||||||
Sable International Finance Ltd., 5.75%, 09/07/27(b) | 200 | 186,350 | ||||||||||
Sinclair Television Group, Inc., 4.13%, 12/01/30(b)(e) | 666 | 536,963 | ||||||||||
Sirius XM Radio, Inc. (b) | ||||||||||||
5.00%, 08/01/27 | 403 | 377,293 | ||||||||||
4.00%, 07/15/28 | 67 | 57,549 | ||||||||||
Stagwell Global LLC, 5.63%, 08/15/29(b) | 69 | 60,509 | ||||||||||
Summer BC Holdco B SARL, 5.75%, 10/31/26(d) | EUR | 100 | 94,351 | |||||||||
Summer BidCo BV, (9.00% Cash or 9.75% PIK), 9.00%, 11/15/25(d)(h) | 113 | 94,401 | ||||||||||
TCI Communications, Inc., 7.88%, 02/15/26 | USD | 610 | 665,160 | |||||||||
TEGNA, Inc., 4.75%, 03/15/26(b) | 32 | 30,355 | ||||||||||
Univision Communications, Inc.(b) | ||||||||||||
5.13%, 02/15/25 | 52 | 51,073 | ||||||||||
6.63%, 06/01/27 | 70 | 66,374 | ||||||||||
7.38%, 06/30/30(e) | 144 | 136,143 | ||||||||||
UPC Broadband Finco BV, 4.88%, 07/15/31(b) | 303 | 262,013 | ||||||||||
Virgin Media Vendor Financing Notes IV DAC, 5.00%, 07/15/28(b) | 307 | 272,846 | ||||||||||
VZ Secured Financing BV, 3.50%, 01/15/32(d) | EUR | 100 | 86,280 | |||||||||
Walt Disney Co. | ||||||||||||
7.63%, 11/30/28 | USD | 385 | 440,282 | |||||||||
5.40%, 10/01/43 | 500 | 526,892 | ||||||||||
Warnermedia Holdings, Inc., 6.41%, 03/15/26 | 65 | 65,328 | ||||||||||
Ziggo Bond Co. BV, 6.00%, 01/15/27(b) | 150 | 138,392 | ||||||||||
Ziggo BV, 4.88%, 01/15/30(b) | 200 | 170,500 | ||||||||||
|
| |||||||||||
30,245,357 | ||||||||||||
Metals & Mining — 1.3% | ||||||||||||
ABJA Investment Co. Pte. Ltd.(d) | ||||||||||||
5.95%, 07/31/24 | 250 | 248,125 | ||||||||||
5.45%, 01/24/28 | 200 | 193,162 | ||||||||||
Arconic Corp.(b) | ||||||||||||
6.00%, 05/15/25 | 89 | 89,000 | ||||||||||
6.13%, 02/15/28(e) | 393 | 386,597 | ||||||||||
ATI, Inc. | ||||||||||||
5.88%, 12/01/27 | 121 | 118,205 | ||||||||||
4.88%, 10/01/29 | 68 | 61,884 | ||||||||||
5.13%, 10/01/31 | 187 | 170,170 | ||||||||||
Big River Steel LLC/BRS Finance Corp., 6.63%, 01/31/29(b) | 982 | 974,498 |
S C H E D U L E O F I N V E S T M E N T S | 12 |
Schedule of Investments (unaudited) (continued) March 31, 2023 | BlackRock Core Bond Trust (BHK) (Percentages shown are based on Net Assets) |
Security | Par (000) | Value | ||||||||||
Metals & Mining (continued) | ||||||||||||
Carpenter Technology Corp. | USD | 180 | $ | 175,573 | ||||||||
7.63%, 03/15/30 | 151 | 156,186 | ||||||||||
Constellium SE | EUR | 100 | 105,223 | |||||||||
5.63%, 06/15/28(b) | USD | 250 | 236,006 | |||||||||
3.75%, 04/15/29(b) | 1,091 | 945,035 | ||||||||||
JSW Steel Ltd., 5.95%, 04/18/24(d) | 200 | 196,500 | ||||||||||
Kaiser Aluminum Corp.(b) | 98 | 87,222 | ||||||||||
4.50%, 06/01/31 | 535 | 439,347 | ||||||||||
New Gold, Inc., 7.50%, 07/15/27(b) | 470 | 452,408 | ||||||||||
Nexans SA, 5.50%, 04/05/28 | EUR | 100 | 110,519 | |||||||||
Novelis Corp.(b) | USD | 749 | 684,485 | |||||||||
4.75%, 01/30/30(e) | 534 | 490,637 | ||||||||||
3.88%, 08/15/31 | 528 | 444,703 | ||||||||||
Novelis Sheet Ingot GmbH, 3.38%, 04/15/29(d) | EUR | 100 | 94,290 | |||||||||
Rio Tinto Finance USA PLC, 4.75%, 03/22/42 | USD | 400 | 389,932 | |||||||||
Roller Bearing Co. of America, Inc., 4.38%, 10/15/29(b) | 82 | 73,219 | ||||||||||
Stillwater Mining Co., 4.00%, 11/16/26(d) | 200 | 178,500 | ||||||||||
Vedanta Resources Finance II PLC, 13.88%, 01/21/24(d) | 200 | 160,162 | ||||||||||
|
| |||||||||||
|
7,661,588 |
| ||||||||||
Multi-Utilities — 0.2% | ||||||||||||
KeySpan Gas East Corp., 5.82%, 04/01/41(b) | 1,010 | 1,012,150 | ||||||||||
NiSource, Inc., 1.70%, 02/15/31 | 400 | 316,627 | ||||||||||
|
| |||||||||||
|
1,328,777 |
| ||||||||||
Offshore Drilling & Other Services — 0.3% | ||||||||||||
Entegris Escrow Corp., 4.75%, 04/15/29(b) | 1,279 | 1,209,170 | ||||||||||
Entegris, Inc. (b) | 294 | 265,608 | ||||||||||
3.63%, 05/01/29 | 79 | 68,189 | ||||||||||
KLA Corp., 3.30%, 03/01/50 | 500 | 382,197 | ||||||||||
|
| |||||||||||
|
1,925,164 |
| ||||||||||
Oil, Gas & Consumable Fuels — 8.4% | ||||||||||||
Aethon United BR LP/Aethon United Finance Corp., 8.25%, 02/15/26(b) | 559 | 548,502 | ||||||||||
Antero Midstream Partners LP/Antero Midstream Finance Corp.(b) | ||||||||||||
5.75%, 03/01/27 | 203 | 198,335 | ||||||||||
5.75%, 01/15/28 | 39 | 37,440 | ||||||||||
5.38%, 06/15/29 | 140 | 131,760 | ||||||||||
Antero Resources Corp., 7.63%, 02/01/29(b) | 83 | 84,867 | ||||||||||
Apache Corp. | 113 | 103,112 | ||||||||||
5.10%, 09/01/40(e) | 202 | 171,195 | ||||||||||
5.35%, 07/01/49 | 97 | 74,965 | ||||||||||
Arcosa, Inc., 4.38%, 04/15/29(b) | 238 | 211,668 | ||||||||||
Ascent Resources Utica Holdings LLC/ARU Finance Corp.(b) | ||||||||||||
9.00%, 11/01/27 | 585 | 710,633 | ||||||||||
5.88%, 06/30/29 | 96 | 84,720 | ||||||||||
Buckeye Partners LP | 179 | 169,319 | ||||||||||
5.85%, 11/15/43 | 94 | 70,978 | ||||||||||
5.60%, 10/15/44 | 59 | 41,780 | ||||||||||
Burlington Resources LLC, 5.95%, 10/15/36 | 685 | 743,108 |
Security | Par (000) | Value | ||||||||||
Oil, Gas & Consumable Fuels (continued) | ||||||||||||
Callon Petroleum Co. | USD | 31 | $ | 30,783 | ||||||||
6.38%, 07/01/26 | 111 | 105,450 | ||||||||||
8.00%, 08/01/28(b) | 438 | 433,927 | ||||||||||
7.50%, 06/15/30(b) | 375 | 352,500 | ||||||||||
Cellnex Finance Co. SA, 1.25%, 01/15/29(d) | EUR | 100 | 88,705 | |||||||||
Cheniere Energy Partners LP | USD | 714 | 663,314 | |||||||||
4.00%, 03/01/31 | 174 | 154,850 | ||||||||||
3.25%, 01/31/32(e) | 625 | 516,325 | ||||||||||
Chesapeake Energy Corp.(b) | 28 | 26,653 | ||||||||||
6.75%, 04/15/29 | 305 | 302,792 | ||||||||||
Civitas Resources, Inc., 5.00%, 10/15/26(b) | 60 | 56,401 | ||||||||||
CNX Midstream Partners LP, 4.75%, 04/15/30(b) | 66 | 56,760 | ||||||||||
CNX Resources Corp.(b) | 46 | 43,010 | ||||||||||
7.38%, 01/15/31(e) | 137 | 134,945 | ||||||||||
Comstock Resources, Inc.(b) | 472 | 431,899 | ||||||||||
5.88%, 01/15/30 | 484 | 415,828 | ||||||||||
ConocoPhillips, 6.50%, 02/01/39 | 600 | 697,282 | ||||||||||
CQP Holdco LP/BIP-V Chinook Holdco LLC, 5.50%, 06/15/31(b) | 1,000 | 898,850 | ||||||||||
Crescent Energy Finance LLC(b) | 496 | 466,240 | ||||||||||
9.25%, 02/15/28(e) | 180 | 172,575 | ||||||||||
Crestwood Midstream Partners LP/Crestwood Midstream Finance Corp.(b) | ||||||||||||
5.63%, 05/01/27 | 34 | 32,756 | ||||||||||
6.00%, 02/01/29 | 281 | 267,509 | ||||||||||
8.00%, 04/01/29 | 29 | 29,580 | ||||||||||
7.38%, 02/01/31 | 69 | 69,000 | ||||||||||
CrownRock LP/CrownRock Finance, Inc.(b) | 673 | 659,580 | ||||||||||
5.00%, 05/01/29 | 29 | 27,017 | ||||||||||
DCP Midstream Operating LP(b) | 106 | 109,937 | ||||||||||
6.75%, 09/15/37 | 172 | 186,574 | ||||||||||
Devon Energy Corp. | 1,000 | 1,016,065 | ||||||||||
4.75%, 05/15/42 | 300 | 261,090 | ||||||||||
Diamondback Energy, Inc., 6.25%, 03/15/33 | 431 | 455,471 | ||||||||||
DT Midstream, Inc., 4.38%, 06/15/31(b) | 337 | 293,591 | ||||||||||
Earthstone Energy Holdings LLC, 8.00%, 04/15/27(b)(e) | 189 | 183,392 | ||||||||||
Ecopetrol SA | 130 | 99,404 | ||||||||||
8.88%, 01/13/33 | 175 | 176,531 | ||||||||||
5.88%, 05/28/45 | 111 | 76,035 | ||||||||||
eG Global Finance PLC(b) | 241 | 223,055 | ||||||||||
8.50%, 10/30/25 | 200 | 187,204 | ||||||||||
El Paso Natural Gas Co. LLC, 3.50%, 02/15/32(b) | 101 | 86,802 | ||||||||||
Enbridge, Inc.(a) | ||||||||||||
(3 mo. LIBOR US + 3.64%), 6.25%, 03/01/78 | 1,935 | 1,759,687 | ||||||||||
Series 20-A, (5 year CMT + 5.31%), 5.75%, 07/15/80 | 950 | 845,208 | ||||||||||
Endeavor Energy Resources LP/EER Finance, Inc., 5.75%, 01/30/28(b) | 239 | 237,207 | ||||||||||
Energy Transfer LP 4.05%, 03/15/25 | 500 | 490,401 |
13 |
Schedule of Investments (unaudited) (continued) March 31, 2023 | BlackRock Core Bond Trust (BHK) (Percentages shown are based on Net Assets) |
Security | Par (000) | Value | ||||||||||
Oil, Gas & Consumable Fuels (continued) | ||||||||||||
Energy Transfer LP (continued) | USD | 1,250 | $ | 1,234,475 | ||||||||
3.90%, 07/15/26 | 310 | 298,134 | ||||||||||
3.75%, 05/15/30(e) | 577 | 532,462 | ||||||||||
5.30%, 04/15/47 | 540 | 473,194 | ||||||||||
Series H, (5 year CMT + 5.69%), 6.50%(a)(g) |
| 307 | 270,160 | |||||||||
EnLink Midstream LLC | 235 | 230,300 | ||||||||||
5.38%, 06/01/29 | 280 | 269,500 | ||||||||||
6.50%, 09/01/30(b) | 160 | 161,794 | ||||||||||
EnLink Midstream Partners LP | 4 | 3,880 | ||||||||||
4.85%, 07/15/26 | 67 | 64,487 | ||||||||||
5.60%, 04/01/44 | 155 | 126,506 | ||||||||||
5.45%, 06/01/47 | 42 | 33,473 | ||||||||||
Enterprise Products Operating LLC, 6.13%, 10/15/39 | 1,400 | 1,519,444 | ||||||||||
EOG Resources, Inc., 5.10%, 01/15/36 | 200 | 198,538 | ||||||||||
EQM Midstream Partners LP 6.00%, 07/01/25(b) | 89 | 87,985 | ||||||||||
4.13%, 12/01/26 | 68 | 61,754 | ||||||||||
6.50%, 07/01/27(b) | 245 | 237,474 | ||||||||||
4.50%, 01/15/29(b) | 13 | 11,050 | ||||||||||
7.50%, 06/01/30(b) | 57 | 55,219 | ||||||||||
4.75%, 01/15/31(b) | 348 | 288,840 | ||||||||||
Genesis Energy LP/Genesis Energy Finance Corp. | 72 | 69,743 | ||||||||||
7.75%, 02/01/28 | 107 | 103,744 | ||||||||||
8.88%, 04/15/30 | 109 | 110,362 | ||||||||||
Gulfport Energy Corp., 8.00%, 05/17/26(b) | 25 | 24,750 | ||||||||||
Harvest Midstream I LP, 7.50%, 09/01/28(b) | 40 | 39,893 | ||||||||||
Hess Corp., 4.30%, 04/01/27 | 1,100 | 1,073,737 | ||||||||||
Hilcorp Energy I LP/Hilcorp Finance Co. (b) | 70 | 66,429 | ||||||||||
5.75%, 02/01/29 | 146 | 134,400 | ||||||||||
6.00%, 02/01/31 | 11 | 10,128 | ||||||||||
HPCL-Mittal Energy Ltd., 5.45%, 10/22/26(d) | 200 | 188,912 | ||||||||||
HTA Group Ltd., 7.00%, 12/18/25(b) | 200 | 189,875 | ||||||||||
IHS Holding Ltd., 6.25%, 11/29/28(b) | 200 | 159,600 | ||||||||||
Impulsora Pipeline LLC, 6.05%, 12/31/42(a)(c) | 1,614 | 1,451,377 | ||||||||||
ITT Holdings LLC, 6.50%, 08/01/29(b) | 232 | 195,882 | ||||||||||
Kinder Morgan, Inc. | 276 | 266,292 | ||||||||||
5.05%, 02/15/46(e) | 1,400 | 1,234,420 | ||||||||||
Kinetik Holdings LP, | 364 | 350,350 | ||||||||||
Magnolia Oil & Gas Operating LLC/Magnolia Oil & Gas Finance Corp., 6.00%, 08/01/26(b) | 22 | 21,392 | ||||||||||
Marathon Petroleum Corp., 6.50%, 03/01/41(e) | 1,150 | 1,226,850 | ||||||||||
Matador Resources Co., 5.88%, 09/15/26 | 366 | 361,103 | ||||||||||
Medco Oak Tree Pte. Ltd., 7.38%, 05/14/26(d) | 288 | 275,040 | ||||||||||
MPLX LP | 250 | 242,079 | ||||||||||
4.80%, 02/15/29 | 500 | 495,348 | ||||||||||
Murphy Oil Corp. | 9 | 8,888 | ||||||||||
5.88%, 12/01/27 | 40 | 38,957 | ||||||||||
6.13%, 12/01/42 | 18 | 14,913 | ||||||||||
Murphy Oil USA, Inc., 4.75%, 09/15/29 | 95 | 86,536 | ||||||||||
Nabors Industries Ltd.(b) | 140 | 133,525 | ||||||||||
7.50%, 01/15/28 | 204 | 188,272 |
Security | Par (000) | Value | ||||||||||
Oil, Gas & Consumable Fuels (continued) | ||||||||||||
Nabors Industries, Inc. | USD | 713 | $ | 690,719 | ||||||||
7.38%, 05/15/27(b) | 258 | 252,680 | ||||||||||
New Fortress Energy, Inc.(b) | 630 | 606,375 | ||||||||||
6.50%, 09/30/26 | 928 | 853,760 | ||||||||||
NGL Energy Operating LLC/NGL Energy Finance Corp., 7.50%, 02/01/26(b)(e) | 128 | 123,505 | ||||||||||
NGPL PipeCo LLC, 7.77%, 12/15/37(b) | 138 | 152,071 | ||||||||||
Northern Oil & Gas, Inc., 8.13%, 03/01/28(b) | 660 | 654,687 | ||||||||||
NuStar Logistics LP | 99 | 97,041 | ||||||||||
6.38%, 10/01/30 | 17 | 16,311 | ||||||||||
Occidental Petroleum Corp. | 187 | 217,507 | ||||||||||
6.63%, 09/01/30(e) | 666 | 701,411 | ||||||||||
6.13%, 01/01/31 | 27 | 28,012 | ||||||||||
7.50%, 05/01/31 | 64 | 70,586 | ||||||||||
6.45%, 09/15/36(e) | 167 | 175,589 | ||||||||||
6.20%, 03/15/40 | 489 | 491,641 | ||||||||||
4.63%, 06/15/45 | 18 | 14,418 | ||||||||||
6.60%, 03/15/46 | 199 | 209,226 | ||||||||||
4.40%, 04/15/46 | 69 | 54,682 | ||||||||||
4.20%, 03/15/48 | 22 | 17,050 | ||||||||||
Oil & Gas Holding Co. BSCC, 7.63%, 11/07/24(d) | 200 | 203,000 | ||||||||||
OQ SAOC, 5.13%, 05/06/28(b) | 200 | 189,850 | ||||||||||
PDC Energy, Inc. | 58 | 57,710 | ||||||||||
5.75%, 05/15/26 | 164 | 159,646 | ||||||||||
Permian Resources Operating LLC(b) | 32 | 30,331 | ||||||||||
7.75%, 02/15/26 | 384 | 384,960 | ||||||||||
6.88%, 04/01/27 | 138 | 135,008 | ||||||||||
5.88%, 07/01/29 | 449 | 425,154 | ||||||||||
Petroleos Mexicanos | 212 | 191,563 | ||||||||||
8.75%, 06/02/29 | 204 | 188,727 | ||||||||||
5.95%, 01/28/31 | 245 | 186,420 | ||||||||||
6.70%, 02/16/32 | 235 | 186,308 | ||||||||||
6.38%, 01/23/45 | 48 | 30,432 | ||||||||||
Plains All American Pipeline LP/PAA Finance Corp., 3.55%, 12/15/29 | 116 | 103,710 | ||||||||||
Precision Drilling Corp., 6.88%, 01/15/29(b) | 9 | 8,167 | ||||||||||
Puma International Financing SA, 5.13%, 10/06/24(b) | 200 | 187,000 | ||||||||||
Range Resources Corp., 4.88%, 05/15/25 | 10 | 9,804 | ||||||||||
Rockcliff Energy II LLC, 5.50%, 10/15/29(b) | 128 | 113,442 | ||||||||||
Rockies Express Pipeline LLC, 4.95%, 07/15/29(b) | 36 | 32,070 | ||||||||||
Sabine Pass Liquefaction LLC, 5.88%, 06/30/26(e) | 1,750 | 1,785,892 | ||||||||||
SM Energy Co. | 111 | 107,625 | ||||||||||
6.75%, 09/15/26 | 85 | 83,356 | ||||||||||
6.63%, 01/15/27 | 14 | 13,449 | ||||||||||
6.50%, 07/15/28 | 114 | 108,786 | ||||||||||
Southwestern Energy Co. | 212 | 199,810 | ||||||||||
4.75%, 02/01/32 | 4 | 3,532 | ||||||||||
Suncor Energy, Inc., 6.50%, 06/15/38 | 1,000 | 1,071,020 | ||||||||||
Sunoco LP/Sunoco Finance Corp. | 38 | 37,517 | ||||||||||
5.88%, 03/15/28 | 4 | 3,840 |
S C H E D U L E O F I N V E S T M E N T S | 14 |
Schedule of Investments (unaudited) (continued) March 31, 2023 | BlackRock Core Bond Trust (BHK) (Percentages shown are based on Net Assets) |
Security | Par (000) | Value | ||||||||||
Oil, Gas & Consumable Fuels (continued) | ||||||||||||
Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp.(b) | ||||||||||||
7.50%, 10/01/25 | USD | 9 | $ | 8,996 | ||||||||
6.00%, 03/01/27 | 29 | 27,451 | ||||||||||
5.50%, 01/15/28 | 56 | 51,204 | ||||||||||
6.00%, 12/31/30 | 20 | 17,875 | ||||||||||
6.00%, 09/01/31 | 88 | 77,816 | ||||||||||
Tap Rock Resources LLC, 7.00%, 10/01/26(b) | 519 | 454,674 | ||||||||||
TransCanada PipeLines Ltd., 4.63%, 03/01/34 | 500 | 469,551 | ||||||||||
Transocean Titan Financing Ltd., 8.38%, 02/01/28(b) | 125 | 128,634 | ||||||||||
Transocean, Inc.(b) | ||||||||||||
7.50%, 01/15/26 | 174 | 157,985 | ||||||||||
11.50%, 01/30/27 | 106 | 109,477 | ||||||||||
8.75%, 02/15/30 | 689 | 702,780 | ||||||||||
Venture Global Calcasieu Pass LLC(b) | ||||||||||||
3.88%, 08/15/29 | 590 | 532,180 | ||||||||||
4.13%, 08/15/31 | 539 | 473,555 | ||||||||||
3.88%, 11/01/33(e) | 1,154 | 969,360 | ||||||||||
Vermilion Energy, Inc., 6.88%, 05/01/30(b) | 108 | 98,355 | ||||||||||
Vivo Energy Investments BV, 5.13%, 09/24/27(b) | 200 | 182,537 | ||||||||||
Western Midstream Operating LP | ||||||||||||
6.15%, 04/01/33 | 50 | 50,678 | ||||||||||
5.45%, 04/01/44 | 229 | 199,693 | ||||||||||
5.30%, 03/01/48 | 75 | 63,548 | ||||||||||
5.50%, 08/15/48 | 69 | 59,421 | ||||||||||
5.50%, 02/01/50 | 678 | 575,283 | ||||||||||
Williams Cos., Inc. | ||||||||||||
3.90%, 01/15/25 | 1,150 | 1,127,520 | ||||||||||
4.00%, 09/15/25 | 750 | 732,420 | ||||||||||
|
| |||||||||||
51,062,426 | ||||||||||||
Passenger Airlines — 1.4% | ||||||||||||
Air Canada, 3.88%, 08/15/26(b) | 324 | 294,192 | ||||||||||
Allegiant Travel Co., 7.25%, 08/15/27(b) | 80 | 79,640 | ||||||||||
American Airlines Pass-Through Trust | ||||||||||||
Series 2015-2, Class A, 4.00%, 03/22/29 | 1,003 | 886,920 | ||||||||||
Series 2015-2, Class AA, 3.60%, 03/22/29 | 1,003 | 918,358 | ||||||||||
American Airlines, Inc.(b) | ||||||||||||
11.75%, 07/15/25 | 530 | 579,841 | ||||||||||
7.25%, 02/15/28 | 47 | 45,708 | ||||||||||
American Airlines, Inc./AAdvantage Loyalty IP Ltd.(b) | ||||||||||||
5.50%, 04/20/26 | 189 | 186,029 | ||||||||||
5.75%, 04/20/29 | 630 | 604,635 | ||||||||||
Avianca Midco 2 PLC, 9.00%, 12/01/28(b) | 150 | 123,308 | ||||||||||
Deutsche Lufthansa AG, 2.88%, 05/16/27(d) | EUR | 100 | 97,588 | |||||||||
Hawaiian Brand Intellectual Property Ltd./HawaiianMiles Loyalty Ltd., 5.75%, 01/20/26(b)(e) | USD | 168 | 159,492 | |||||||||
Mileage Plus Holdings LLC/Mileage Plus Intellectual Property Assets Ltd., 6.50%, 06/20/27(b) | 631 | 629,093 | ||||||||||
United Airlines Pass-Through Trust | ||||||||||||
Series 2013-1, Class A, 4.30%, 02/15/27 | 2,313 | 2,219,237 | ||||||||||
Series 2020-1, Class A, 5.88%, 04/15/29 | 362 | 361,083 | ||||||||||
Series 2020-1, Class B, 4.88%, 07/15/27 | 25 | 24,480 | ||||||||||
United Airlines, Inc.(b) | ||||||||||||
4.38%, 04/15/26 | 393 | 375,988 | ||||||||||
4.63%, 04/15/29 | 657 | 594,257 | ||||||||||
|
| |||||||||||
8,179,849 | ||||||||||||
Pharmaceuticals — 1.6% | ||||||||||||
AbbVie, Inc. | ||||||||||||
3.20%, 05/14/26 | 500 | 482,761 |
Security | Par (000) | Value | ||||||||||
Pharmaceuticals (continued) | ||||||||||||
AbbVie, Inc. (continued) | ||||||||||||
4.55%, 03/15/35(e) | USD | 2,140 | $ | 2,092,421 | ||||||||
4.45%, 05/14/46(e) | 2,095 | 1,895,582 | ||||||||||
Bristol-Myers Squibb Co. | ||||||||||||
3.55%, 03/15/42 | 350 | 297,675 | ||||||||||
4.35%, 11/15/47 | 300 | 278,986 | ||||||||||
Cheplapharm Arzneimittel GmbH, 3.50%, 02/11/27(d) | EUR | 100 | 99,774 | |||||||||
CVS Health Corp. | ||||||||||||
5.13%, 07/20/45 | USD | 700 | 664,062 | |||||||||
5.05%, 03/25/48 | 1,821 | 1,703,557 | ||||||||||
Gruenenthal GmbH, 4.13%, 05/15/28(d) | EUR | 100 | 98,147 | |||||||||
Jazz Securities DAC, 4.38%, 01/15/29(b) | USD | 200 | 184,000 | |||||||||
Option Care Health, Inc., 4.38%, 10/31/29(b) | 166 | 146,593 | ||||||||||
Organon & Co./Organon Foreign Debt Co.-Issuer BV(b) |
| |||||||||||
4.13%, 04/30/28 | 240 | 219,386 | ||||||||||
5.13%, 04/30/31(e) | 387 | 343,518 | ||||||||||
Takeda Pharmaceutical Co. Ltd., 2.05%, 03/31/30 | 500 | 422,197 | ||||||||||
Teva Pharmaceutical Finance Netherlands II BV, 7.38%, 09/15/29 | EUR | 100 | 109,498 | |||||||||
Teva Pharmaceutical Finance Netherlands III BV | ||||||||||||
7.13%, 01/31/25 | USD | 200 | 202,625 | |||||||||
3.15%, 10/01/26 | 115 | 103,428 | ||||||||||
4.75%, 05/09/27 | 200 | 186,000 | ||||||||||
7.88%, 09/15/29 | 200 | 208,500 | ||||||||||
|
| |||||||||||
9,738,710 | ||||||||||||
Real Estate — 0.0% | ||||||||||||
VICI Properties LP/VICI Note Co., Inc., 4.50%, 01/15/28(b) | 68 | 62,971 | ||||||||||
|
| |||||||||||
Real Estate Management & Development — 0.3% | ||||||||||||
Agps Bondco PLC, 2.75%, 11/13/26(d)(i)(j) | EUR | 100 | 41,927 | |||||||||
China SCE Group Holdings Ltd., 7.38%, 04/09/24(d) | USD | 200 | 135,000 | |||||||||
CIFI Holdings Group Co. Ltd., | 200 | 41,000 | ||||||||||
Country Garden Holdings Co. Ltd., 6.50%, 04/08/24(d) | 200 | 159,000 | ||||||||||
Easy Tactic Ltd., (6.50% Cash or 7.50% PIK), 7.50%, 07/11/27(h) | 218 | 50,106 | ||||||||||
Fantasia Holdings Group Co. Ltd.(i)(j) | ||||||||||||
11.75%, 04/17/22(d) | 200 | 20,500 | ||||||||||
10.88%, 01/09/23 | 307 | 31,468 | ||||||||||
11.88%, 06/01/23(d) | 400 | 41,000 | ||||||||||
9.25%, 07/28/23(d) | 300 | 30,750 | ||||||||||
Global Prime Capital Pte. Ltd., 5.95%, 01/23/25(d) | 200 | 191,725 | ||||||||||
Modern Land China Co. Ltd., (2.00% Cash or 2.00% PIK), 9.00%, 12/30/26(d)(h)(i)(j) | 226 | 15,260 | ||||||||||
Realogy Group LLC/Realogy Co.-Issuer Corp.(b) |
| |||||||||||
5.75%, 01/15/29 | 180 | 134,723 | ||||||||||
5.25%, 04/15/30 | 91 | 66,328 | ||||||||||
Ronshine China Holdings Ltd., | 200 | 13,500 | ||||||||||
Theta Capital Pte. Ltd., 8.13%, 01/22/25(d) | 200 | 160,662 | ||||||||||
VICI Properties LP, 5.13%, 05/15/32 | 439 | 413,599 | ||||||||||
Wanda Properties Overseas Ltd., 6.88%, 07/23/23(d) | 200 | 193,500 | ||||||||||
Yanlord Land HK Co. Ltd., 6.75%, 04/23/23(d) | 250 | 249,375 | ||||||||||
Yuzhou Group Holdings Co. Ltd.(d)(i)(j) | ||||||||||||
7.70%, 02/20/25 | 263 | 23,013 | ||||||||||
7.38%, 01/13/26 | 200 | 17,500 | ||||||||||
Zhenro Properties Group Ltd., | 200 | 15,000 | ||||||||||
|
| |||||||||||
2,044,936 | ||||||||||||
Semiconductors & Semiconductor Equipment — 0.9% | ||||||||||||
Broadcom, Inc. | ||||||||||||
4.75%, 04/15/29(e) | 2,500 | 2,468,216 |
15 |
Schedule of Investments (unaudited) (continued) March 31, 2023 | BlackRock Core Bond Trust (BHK) (Percentages shown are based on Net Assets) |
Security | Par (000) | Value | ||||||||||
Semiconductors & Semiconductor Equipment (continued) | ||||||||||||
Broadcom, Inc. (continued) | ||||||||||||
4.30%, 11/15/32 | USD | 466 | $ | 429,345 | ||||||||
3.42%, 04/15/33(b) | 287 | 240,136 | ||||||||||
3.14%, 11/15/35(b) | 162 | 124,588 | ||||||||||
Intel Corp. | ||||||||||||
5.13%, 02/10/30 | 750 | 763,843 | ||||||||||
2.00%, 08/12/31(e) | 1,000 | 823,701 | ||||||||||
Marvell Technology, Inc., 2.95%, 04/15/31 | 166 | 138,618 | ||||||||||
QUALCOMM, Inc., 4.65%, 05/20/35 | 250 | 252,324 | ||||||||||
Sensata Technologies B.V.(b) | ||||||||||||
5.00%, 10/01/25 | 70 | 69,487 | ||||||||||
5.88%, 09/01/30 | 200 | 198,250 | ||||||||||
Sensata Technologies, Inc., 4.38%, 02/15/30(b) | 36 | 32,802 | ||||||||||
Synaptics, Inc., 4.00%, 06/15/29(b)(e) | 112 | 96,447 | ||||||||||
|
| |||||||||||
5,637,757 | ||||||||||||
Software — 1.9% | ||||||||||||
ACI Worldwide, Inc., 5.75%, 08/15/26(b) | 262 | 259,380 | ||||||||||
Alteryx, Inc., 8.75%, 03/15/28 | 164 | 165,061 | ||||||||||
Boxer Parent Co., Inc. | ||||||||||||
6.50%, 10/02/25(d) | EUR | 100 | 107,172 | |||||||||
7.13%, 10/02/25(b) | USD | 187 | 186,109 | |||||||||
9.13%, 03/01/26(b) | 948 | 919,295 | ||||||||||
Central Parent, Inc./CDK Global, Inc., 7.25%, 06/15/29(b) | 533 | 523,874 | ||||||||||
Cloud Software Group Holdings, Inc., 6.50%, 03/31/29(b)(e) | 1,818 | 1,608,210 | ||||||||||
Crowdstrike Holdings, Inc., 3.00%, 02/15/29 | 30 | 26,182 | ||||||||||
Elastic NV, 4.13%, 07/15/29(b) | 254 | 216,853 | ||||||||||
Helios Software Holdings, Inc./ION Corporate Solutions Finance SARL, 4.63%, 05/01/28(b) | 200 | 162,493 | ||||||||||
Iron Mountain Information Management Services, Inc., 5.00%, 07/15/32(b) | 76 | 65,264 | ||||||||||
Microsoft Corp., 2.92%, 03/17/52(e) | 1,600 | 1,216,275 | ||||||||||
MicroStrategy, Inc., 6.13%, 06/15/28(b)(e) | 305 | 270,688 | ||||||||||
Open Text Corp., 6.90%, 12/01/27(b) | 615 | 634,434 | ||||||||||
Oracle Corp. | ||||||||||||
2.88%, 03/25/31 | 185 | 158,305 | ||||||||||
6.25%, 11/09/32 | 339 | 364,612 | ||||||||||
5.38%, 07/15/40(e) | 3,025 | 2,896,115 | ||||||||||
4.00%, 11/15/47 | 400 | 305,103 | ||||||||||
3.95%, 03/25/51 | 600 | 451,486 | ||||||||||
SS&C Technologies, Inc., 5.50%, 09/30/27(b) | 647 | 627,783 | ||||||||||
Veritas U.S., Inc./Veritas Bermuda Ltd., 7.50%, 09/01/25(b) | 189 | 142,272 | ||||||||||
|
| |||||||||||
11,306,966 | ||||||||||||
Specialized REITs — 0.1% | ||||||||||||
Uniti Group LP/Uniti Group Finance, Inc./CSL Capital LLC, 10.50%, 02/15/28(b) | 344 | 333,680 | ||||||||||
|
| |||||||||||
Specialty Retail(b) — 0.1% | ||||||||||||
Arko Corp., 5.13%, 11/15/29 | 123 | 101,806 | ||||||||||
PetSmart, Inc./PetSmart Finance Corp., 7.75%, 02/15/29(e) | 493 | 483,934 | ||||||||||
Staples, Inc., 7.50%, 04/15/26 | 157 | 137,552 | ||||||||||
|
| |||||||||||
723,292 |
Security | Par (000) | Value | ||||||||||
Technology Hardware, Storage & Peripherals — 0.6% | ||||||||||||
Apple, Inc. | ||||||||||||
4.65%, 02/23/46(e) | USD | 2,400 | $ | 2,416,807 | ||||||||
3.75%, 11/13/47 | 1,000 | 876,390 | ||||||||||
Coherent Corp., 5.00%, 12/15/29(b) | 523 | 474,727 | ||||||||||
|
| |||||||||||
3,767,924 | ||||||||||||
Textiles, Apparel & Luxury Goods — 0.0% | ||||||||||||
Hanesbrands, Inc., 9.00%, 02/15/31(b) | 203 | 207,821 | ||||||||||
|
| |||||||||||
Tobacco — 0.8% | ||||||||||||
Altria Group, Inc. | ||||||||||||
2.45%, 02/04/32 | 200 | 157,436 | ||||||||||
5.38%, 01/31/44(e) | 2,000 | 1,829,703 | ||||||||||
Reynolds American, Inc. | ||||||||||||
4.45%, 06/12/25 | 635 | 623,529 | ||||||||||
7.00%, 08/04/41 | 1,000 | 1,024,390 | ||||||||||
5.85%, 08/15/45 | 1,500 | 1,352,339 | ||||||||||
|
| |||||||||||
4,987,397 | ||||||||||||
Transportation Infrastructure — 0.5% | ||||||||||||
Aeropuertos Dominicanos Siglo XXI SA, 6.75%, 03/30/29(b) | 200 | 194,375 | ||||||||||
Azzurra Aeroporti SpA, 2.63%, 05/30/27(d) | EUR | 100 | 95,600 | |||||||||
FedEx Corp., 4.75%, 11/15/45(e) | USD | 1,250 | 1,129,060 | |||||||||
GMR Hyderabad International Airport Ltd., 4.25%, 10/27/27(d) | 200 | 173,918 | ||||||||||
i-595 Express LLC, 3.31%, 12/31/31(a)(c) | 696 | 656,495 | ||||||||||
Transurban Finance Co. Pty. Ltd., 4.13%, 02/02/26(b) | 580 | 563,597 | ||||||||||
|
| |||||||||||
2,813,045 | ||||||||||||
Utilities — 0.8% | ||||||||||||
American Water Capital Corp., 4.45%, 06/01/32 | 1,350 | 1,329,254 | ||||||||||
Consensus Cloud Solutions, Inc.(b) | ||||||||||||
6.00%, 10/15/26 | 48 | 41,701 | ||||||||||
6.50%, 10/15/28 | 45 | 37,318 | ||||||||||
Electricite de France SA, 5.60%, 01/27/40(b)(e) | 2,800 | 2,653,721 | ||||||||||
FEL Energy VI SARL, 5.75%, 12/01/40 | 185 | 151,528 | ||||||||||
Mong Duong Finance Holdings BV, 5.13%, 05/07/29(d) | 576 | 485,388 | ||||||||||
Star Energy Geothermal Wayang Windu Ltd., 6.75%, 04/24/33(d) | 211 | 205,182 | ||||||||||
Vistra Operations Co. LLC(b) | ||||||||||||
5.50%, 09/01/26 | 12 | 11,650 | ||||||||||
5.00%, 07/31/27 | 12 | 11,346 | ||||||||||
4.38%, 05/01/29 | 58 | 51,354 | ||||||||||
|
| |||||||||||
4,978,442 | ||||||||||||
Wireless Telecommunication Services — 1.2% | ||||||||||||
Altice France SA/France(b) | ||||||||||||
5.13%, 07/15/29 | 544 | 409,360 | ||||||||||
5.50%, 10/15/29 | 200 | 152,931 | ||||||||||
Crown Castle, Inc., 3.10%, 11/15/29 | 750 | 666,622 | ||||||||||
Kenbourne Invest SA, 6.88%, 11/26/24(b) | 210 | 157,474 | ||||||||||
Millicom International Cellular SA, 4.50%, 04/27/31(b) | 200 | 159,250 | ||||||||||
Rogers Communications, Inc., 7.50%, 08/15/38(e) | 2,325 | 2,683,956 | ||||||||||
SBA Communications Corp., 3.13%, 02/01/29(e) | 321 | 279,251 | ||||||||||
Sprint LLC, 7.63%, 03/01/26 | 234 | 247,450 | ||||||||||
T-Mobile USA, Inc. | ||||||||||||
2.55%, 02/15/31 | 500 | 423,796 | ||||||||||
4.50%, 04/15/50 | 500 | 435,446 | ||||||||||
VICI Properties LP/VICI Note Co., Inc.(b) | ||||||||||||
5.63%, 05/01/24 | 37 | 36,676 |
S C H E D U L E O F I N V E S T M E N T S | 16 |
Schedule of Investments (unaudited) (continued) March 31, 2023 | BlackRock Core Bond Trust (BHK) (Percentages shown are based on Net Assets) |
Security | Par (000) | Value | ||||||||||
Wireless Telecommunication Services (continued) | ||||||||||||
VICI Properties LP/VICI Note Co., Inc.(b) (continued) |
| |||||||||||
3.50%, 02/15/25 | USD | 75 | $ | 71,079 | ||||||||
4.63%, 06/15/25 | 33 | 31,905 | ||||||||||
4.25%, 12/01/26 | 73 | 68,110 | ||||||||||
4.63%, 12/01/29 | 378 | 344,099 | ||||||||||
4.13%, 08/15/30 | 267 | 235,837 | ||||||||||
Vmed O2 U.K. Financing I PLC, | GBP | 100 | 98,071 | |||||||||
Vodafone Group PLC, 4.25%, 09/17/50 | USD | 700 | 572,263 | |||||||||
|
| |||||||||||
7,073,576 | ||||||||||||
|
| |||||||||||
Total Corporate Bonds — 69.5% | ||||||||||||
(Cost: $446,898,013) | 420,565,397 | |||||||||||
|
| |||||||||||
Floating Rate Loan Interests(a) | ||||||||||||
Aerospace & Defense — 0.2% | ||||||||||||
Peraton Corp. | ||||||||||||
2nd Lien Term Loan B1, (3 mo. LIBOR US at 0.75% Floor + 7.75%), | 404 | 392,300 | ||||||||||
Term Loan B, (1 mo. LIBOR US at 0.75% Floor + 3.75%), 8.59%, 02/01/28 | 519 | 511,489 | ||||||||||
|
| |||||||||||
903,789 | ||||||||||||
Air Freight & Logistics — 0.0% | ||||||||||||
AIT Worldwide Logistics Holdings, Inc., 2021 Term Loan, (3 mo. LIBOR US at 0.75% Floor + 4.75%), 9.45%, 04/06/28 | 76 | 73,064 | ||||||||||
PECF USS Intermediate Holding III Corp., Term Loan B, (1 mo. LIBOR US at 0.50% Floor + 4.25%), 9.09%, 12/15/28 | 165 | 138,103 | ||||||||||
|
| |||||||||||
211,167 | ||||||||||||
Banks — 0.1% | ||||||||||||
DirecTV Financing LLC, Term Loan, (1 mo. LIBOR US at 0.75% Floor + 5.00%), | 613 | 589,079 | ||||||||||
|
| |||||||||||
Beverages — 0.0% | ||||||||||||
Naked Juice LLC, 2nd Lien Term Loan, (3 mo. SOFRTE at 0.50% Floor + 6.00%), | 20 | 14,917 | ||||||||||
|
| |||||||||||
Capital Markets — 0.1% | ||||||||||||
Ascensus Holdings, Inc., 2021 2nd Lien Term Loan, (3 mo. LIBOR US at 0.50% Floor + 6.50%), 11.31%, 08/02/29 | 122 | 108,929 | ||||||||||
Deerfield Dakota Holding LLC | ||||||||||||
2020 USD Term Loan B, (1 mo. SOFR CME at 1.00% Floor + 3.75%), 8.65%, 04/09/27 | 104 | 100,267 | ||||||||||
2021 USD 2nd Lien Term Loan, (3 mo. LIBOR US at 0.75% Floor + 6.75%), 11.91%, 04/07/28 | 145 | 132,795 | ||||||||||
|
| |||||||||||
341,991 | ||||||||||||
Chemicals — 0.2% | ||||||||||||
Arc Falcon I, Inc. | ||||||||||||
2021 Delayed Draw Term Loan, (3 mo. LIBOR US at 0.50% Floor + 3.75%), 8.59%, 10/02/28 | 16 | 14,583 | ||||||||||
2021 Term Loan, (1 mo. LIBOR US at 0.50% Floor + 3.75%), 8.59%, 09/30/28 | 110 | 98,648 | ||||||||||
Ascend Performance Materials Operations LLC, 2021 Term Loan B, (6 mo. SOFR CME at 0.75% Floor + 4.75%), 9.71%, 08/27/26 | 198 | 193,296 |
Security | Par (000) | Value | ||||||||||
Chemicals (continued) | ||||||||||||
Discovery Purchaser Corp., Term Loan, (3 mo. SOFR CME at 0.50% Floor + 4.375%), 8.96%, 10/04/29 | USD | 361 | $ | 341,386 | ||||||||
Momentive Performance Materials, Inc., 2023 Term Loan, (3 mo. SOFR + 4.50%), 9.29%, 03/31/28(c)(k) | 149 | 145,647 | ||||||||||
W.R. Grace Holdings LLC, 2021 Term Loan B, (3 mo. LIBOR US at 0.50% Floor + 3.75%), 8.94%, 09/22/28 | 133 | 132,197 | ||||||||||
|
| |||||||||||
925,757 | ||||||||||||
Commercial Services & Supplies — 0.1% | ||||||||||||
Propulsion BC Newco. LLC, Term Loan, | 70 | 68,363 | ||||||||||
Verscend Holding Corp., 2021 Term | 627 | 625,287 | ||||||||||
|
| |||||||||||
693,650 | ||||||||||||
Construction & Engineering — 0.2% | ||||||||||||
Brand Energy & Infrastructure Services, Inc., 2017 Term Loan, (3 mo. LIBOR US at 1.00% Floor + 4.25%), 9.13%, 06/21/24 | 1,327 | 1,233,925 | ||||||||||
|
| |||||||||||
Containers & Packaging — 0.0% | ||||||||||||
Mauser Packaging Solutions Holding Co., Term Loan B, (3 mo. SOFR CME + 4.00%), 8.78%, 08/14/26 | 96 | 95,075 | ||||||||||
|
| |||||||||||
Diversified Consumer Services — 0.0% | ||||||||||||
Amentum Government Services Holdings LLC, Term Loan B, (3 mo. LIBOR US + 4.00%), 8.84%, 01/29/27(c) | 41 | 40,028 | ||||||||||
Ascend Learning LLC, 2021 2nd Lien Term Loan, (1 mo. SOFR CME at 0.50% Floor + 5.75%), 10.66%, 12/10/29 | 83 | 71,241 | ||||||||||
TruGreen LP, 2020 2nd Lien Term Loan, (3 mo. LIBOR US at 0.75% Floor + 8.50%), 13.33%, 11/02/28(c) | 106 | 68,900 | ||||||||||
|
| |||||||||||
180,169 | ||||||||||||
Diversified Telecommunication Services — 0.1% | ||||||||||||
Frontier Communications Holdings LLC, 2021 1st Lien Term Loan, (1 mo. LIBOR US at 0.75% Floor + 3.75%), 8.63%, 05/01/28 | 144 | 136,538 | ||||||||||
Intelsat Jackson Holdings SA, 2021 Exit Term Loan B, (3 mo. SOFRTE at 0.50% Floor + 4.25%), 9.08%, 02/01/29 | 333 | 328,829 | ||||||||||
|
| |||||||||||
465,367 | ||||||||||||
Entertainment — 0.0% | ||||||||||||
Delta 2 Lux SARL, Term Loan B, (1 mo. SOFR CME at 0.50% Floor + 3.25%), 8.06%, 01/15/30 | 63 | 63,026 | ||||||||||
|
| |||||||||||
Financial Services — 0.2% | ||||||||||||
Acuris Finance U.S., Inc., 2021 USD Term Loan B, (3 mo. SOFR CME at 0.50% Floor + 4.00%), 9.05%, 02/16/28 | 66 | 63,242 | ||||||||||
Advisor Group, Inc., 2021 Term Loan, | ||||||||||||
9.34%, 07/31/26 | — | (l) | 33 | |||||||||
Delta TopCo, Inc., 2020 Term Loan B, | 114 | 104,990 | ||||||||||
EP Purchaser LLC, 2021 Term Loan B, | 101 | 100,405 |
17 |
Schedule of Investments (unaudited) (continued) March 31, 2023 | BlackRock Core Bond Trust (BHK) (Percentages shown are based on Net Assets) |
Security | Par (000) | Value | ||||||||||
Financial Services (continued) | ||||||||||||
Gainwell Acquisition Corp., Term Loan B, | ||||||||||||
9.00%, 10/01/27 | USD | 301 | $ | 286,465 | ||||||||
Radiate Holdco LLC, 2021 Term Loan B, (1 mo. LIBOR US at 0.75% Floor + 3.25%), | ||||||||||||
8.09%, 09/25/26 | 38 | 31,374 | ||||||||||
White Cap Buyer LLC, Term Loan B, (1 mo. SOFR CME + 3.75%), 8.56%, 10/19/27 | 298 | 294,573 | ||||||||||
|
| |||||||||||
881,082 | ||||||||||||
Food Products — 0.0% | ||||||||||||
Chobani LLC, 2020 Term Loan B, (1 mo. SOFR CME at 1.00% Floor + 3.50%), | ||||||||||||
8.42%, 10/25/27(c) | 33 | 32,427 | ||||||||||
|
| |||||||||||
Gas Utilities — 0.0% | ||||||||||||
Freeport LNG Investments LLLP, Term Loan B, (3 mo. LIBOR US at 0.50% Floor + 3.50%), 8.31%, 12/21/28 | 171 | 165,082 | ||||||||||
|
| |||||||||||
Health Care Equipment & Supplies — 0.0% | ||||||||||||
Bausch and Lomb, Inc., Term Loan, (3 mo. SOFR CME at 0.50% Floor + 3.25%), | ||||||||||||
8.46%, 05/10/27 | 11 | 10,510 | ||||||||||
|
| |||||||||||
Health Care Providers & Services — 0.1% | ||||||||||||
Envision Healthcare Corp., 2022 First Out Term Loan, (3 mo. SOFR CME at 1.00% Floor + 7.875%), 12.92%, 03/31/27 | 39 | 32,880 | ||||||||||
LifePoint Health, Inc., 2018 Term Loan B, (3 mo. LIBOR US + 3.75%), 8.58%, 11/16/25 | 76 | 72,710 | ||||||||||
Quorum Health Corp., 2020 Term Loan, (3 mo. LIBOR US at 1.00% Floor + 8.25%), | ||||||||||||
12.98%, 04/29/25 | 108 | 64,595 | ||||||||||
Surgery Center Holdings, Inc., 2021 Term Loan, (1 mo. LIBOR US at 0.75% Floor + 3.75%), 8.46%, 08/31/26 | 113 | 111,862 | ||||||||||
WCG Purchaser Corp., 2019 Term Loan, (1 mo. LIBOR US at 1.00% Floor + 4.00%), | ||||||||||||
8.95%, 01/08/27 | 118 | 110,980 | ||||||||||
|
| |||||||||||
393,027 | ||||||||||||
Health Care Technology — 0.2% | ||||||||||||
AthenaHealth Group, Inc., 2022 Term Loan B, (1 mo. SOFR CME at 0.50% Floor + 3.50%), 8.26%, 02/15/29 | 1,110 | 1,037,743 | ||||||||||
Polaris Newco LLC, USD Term Loan B, (3 mo. LIBOR US at 0.50% Floor + 4.00%), | ||||||||||||
9.16%, 06/02/28 | 197 | 179,624 | ||||||||||
|
| |||||||||||
1,217,367 | ||||||||||||
Hotels, Restaurants & Leisure — 0.0% | ||||||||||||
Fertitta Entertainment LLC, 2022 Term Loan B, (1 mo. SOFRTE at 0.50% Floor + 4.00%), 8.81%, 01/27/29 | 169 | 166,500 | ||||||||||
IRB Holding Corp., 2022 Term Loan B, (1 mo. SOFRTE at 0.75% Floor + 3.00%), | ||||||||||||
7.91%, 12/15/27 | 111 | 108,965 | ||||||||||
|
| |||||||||||
275,465 | ||||||||||||
Household Durables — 0.1% | ||||||||||||
Hunter Douglas, Inc., USD Term Loan B1, (3 mo. SOFR CME + 3.50%), 8.37%, 02/26/29 | 146 | 130,604 | ||||||||||
Sunset Debt Merger Sub, Inc., 2021 Term Loan B, (1 mo. LIBOR US at 0.75% Floor + 4.00%), 8.75%, 10/06/28 | 282 | 236,535 | ||||||||||
|
| |||||||||||
367,139 |
Security | Par (000) | Value | ||||||||||
Industrial Conglomerates — 0.0% | ||||||||||||
AVSC Holding Corp., 2018 2nd Lien Term Loan, (3 mo. LIBOR US at 1.00% Floor + 7.25%), 12.06%, 09/01/25 | USD | 156 | $ | 138,548 | ||||||||
|
| |||||||||||
Insurance — 0.0% | ||||||||||||
Alliant Holdings Intermediate LLC, 2021 Term Loan B4, (1 mo. LIBOR US at 0.50% Floor + 3.50%), 8.28%, 11/06/27 | 93 | 92,096 | ||||||||||
Hub International Ltd., 2022 Term Loan B, (3 mo. SOFR CME at 0.75% Floor + 4.00%), | ||||||||||||
8.73%, 11/10/29 | 140 | 138,969 | ||||||||||
|
| |||||||||||
231,065 | ||||||||||||
Interactive Media & Services — 0.0% | ||||||||||||
Grab Holdings, Inc., Term Loan B, (1 mo. LIBOR US at 1.00% Floor + 4.50%), 9.35%, 01/29/26 | 23 | 23,075 | ||||||||||
|
| |||||||||||
IT Services — 0.0% | ||||||||||||
Aruba Investments Holdings LLC, 2020 2nd Lien Term Loan, (1 mo. LIBOR US at 0.75% Floor + 7.75%), 12.59%, 11/24/28 | 65 | 57,638 | ||||||||||
Boxer Parent Co., Inc., 2021 USD Term Loan, (1 mo. LIBOR US + 3.75%), 8.59%, 10/02/25 | 45 | 44,559 | ||||||||||
PUG LLC, USD Term Loan, (1 mo. LIBOR US + 3.50%), 8.34%, 02/12/27 | 109 | 78,569 | ||||||||||
|
| |||||||||||
180,766 | ||||||||||||
Leisure Products — 0.0% | ||||||||||||
Peloton Interactive, Inc., Term Loan, | ||||||||||||
11.76%, 05/25/27 | 70 | 70,057 | ||||||||||
|
| |||||||||||
Machinery — 0.2% | ||||||||||||
MHI Holdings LLC, Term Loan B, (1 mo. LIBOR US + 5.00%), 9.84%, 09/21/26 | 201 | 195,136 | ||||||||||
Roper Industrial Products Investment Co., USD Term Loan, (3 mo. SOFR CME + 4.50%), 9.40%, 11/22/29 | 204 | 202,178 | ||||||||||
SPX Flow, Inc., 2022 Term Loan, (1 mo. SOFR CME at 0.50% Floor + 4.50%), | ||||||||||||
9.41%, 04/05/29 | 185 | 175,850 | ||||||||||
Titan Acquisition Ltd., 2018 Term Loan B, (3 mo. LIBOR US + 3.00%), 8.15%, 03/28/25 | 598 | 565,340 | ||||||||||
|
| |||||||||||
1,138,504 | ||||||||||||
Media — 0.2% | ||||||||||||
Altice France SA/France, 2018 Term Loan B13, (3 mo. LIBOR US + 4.00%), 8.86%, 08/14/26 | 94 | 90,452 | ||||||||||
Clear Channel Outdoor Holdings, Inc., Term Loan B, (3 mo. LIBOR US + 3.50%), | ||||||||||||
8.33%, 08/21/26 | 672 | 624,577 | ||||||||||
MH Sub I LLC, 2021 2nd Lien Term Loan, (1 mo. SOFR CME + 6.25%), 11.06%, 02/23/29 | 35 | 31,967 | ||||||||||
Zayo Group Holdings, Inc., USD Term Loan, | 297 | 240,509 | ||||||||||
|
| |||||||||||
987,505 | ||||||||||||
Metals & Mining — 0.0% | ||||||||||||
Grinding Media, Inc., 2021 Term Loan B, | ||||||||||||
8.70%, 10/12/28(c) | 63 | 58,938 | ||||||||||
|
| |||||||||||
Oil, Gas & Consumable Fuels — 0.3% | ||||||||||||
Ascent Resources Utica Holdings LLC, 2020 Fixed 2nd Lien Term Loan, (3 mo. LIBOR US at 1.00% Floor + 9.00%), 13.82%, 11/01/25 | 1,541 | 1,632,424 |
S C H E D U L E O F I N V E S T M E N T S | 18 |
Schedule of Investments (unaudited) (continued) March 31, 2023 | BlackRock Core Bond Trust (BHK) (Percentages shown are based on Net Assets) |
Security | Par (000) | Value | ||||||||||
Oil, Gas & Consumable Fuels (continued) | ||||||||||||
Lealand Finance Co. BV, 2020 Make Whole Term Loan, (1 mo. LIBOR US + 3.00%), 7.84%, 06/28/24 | USD | 9 | $ | 5,639 | ||||||||
M6 ETX Holdings II Midco LLC, Term Loan B, (3 mo. SOFR CME at 0.50% Floor + 4.50%), 9.36%, 09/19/29 | 78 | 77,128 | ||||||||||
|
| |||||||||||
1,715,191 | ||||||||||||
Passenger Airlines — 0.2% | ||||||||||||
AAdvantage Loyalty IP Ltd., 2021 Term Loan, (3 mo. LIBOR US at 0.75% Floor + 4.75%), 9.56%, 04/20/28 | 433 | 438,852 | ||||||||||
Air Canada, 2021 Term Loan B, (3 mo. LIBOR US at 0.75% Floor + 3.50%), 8.37%, 08/11/28 | 208 | 207,445 | ||||||||||
Mileage Plus Holdings LLC, 2020 Term Loan B, (3 mo. LIBOR US at 1.00% Floor + 5.25%), 10.21%, 06/21/27 | 105 | 109,107 | ||||||||||
United Airlines, Inc., 2021 Term Loan B, (3 mo. LIBOR US at 0.75% Floor + 3.75%), 8.57%, 04/21/28 | 419 | 415,416 | ||||||||||
|
| |||||||||||
1,170,820 | ||||||||||||
Pharmaceuticals — 0.0% | ||||||||||||
Amneal Pharmaceuticals LLC, 2018 Term Loan B, 0.00%, 05/04/25(k) | 48 | 45,711 | ||||||||||
|
| |||||||||||
Professional Services — 0.0% | ||||||||||||
Dun & Bradstreet Corp., Term Loan, (1 mo. LIBOR US + 3.25%), 8.10%, 02/06/26 | 110 | 109,173 | ||||||||||
Galaxy U.S. Opco, Inc., Term Loan, (1 mo. SOFR CME at 0.50% Floor + 4.75%), 9.56%, 04/29/29 | 139 | 122,932 | ||||||||||
|
| |||||||||||
232,105 | ||||||||||||
Real Estate Management & Development — 0.0% | ||||||||||||
Chariot Buyer LLC, Term Loan B, (1 mo. LIBOR US at 0.50% Floor + 3.25%), 8.09%, 11/03/28 | 222 | 212,582 | ||||||||||
|
| |||||||||||
Software — 0.8% | ||||||||||||
Boxer Parent Co., Inc., 2021 USD 2nd Lien Term Loan, (1 mo. LIBOR US at 0.50% Floor + 5.50%), 10.34%, 02/27/26 | 279 | 267,667 | ||||||||||
Central Parent, Inc., 2022 USD Term Loan B, (3 mo. SOFR CME at 0.50% Floor + 4.25%), 9.15%, 07/06/29 | 119 | 118,178 | ||||||||||
Cloudera, Inc. | ||||||||||||
2021 Second Lien Term Loan, (1 mo. SOFR CME at 0.50% Floor + 6.00%), 10.91%, 10/08/29 | 234 | 205,994 | ||||||||||
2021 Term Loan, (1 mo. SOFR CME at 0.50% Floor + 3.75%), 8.66%, 10/08/28(c) | 198 | 188,641 | ||||||||||
Digicel International Finance Ltd., 2017 Term Loan B, (1 mo. LIBOR US + 3.25%), 8.08%, 05/28/24 | 372 | 334,502 | ||||||||||
Epicor Software Corp. | ||||||||||||
2020 2nd Lien Term Loan, (1 mo. LIBOR US at 1.00% Floor + 7.75%), 12.59%, 07/31/28 | 62 | 61,160 | ||||||||||
2020 Term Loan, (1 mo. LIBOR US at 0.75% Floor + 3.25%), 8.09%, 07/30/27 | 89 | 87,606 | ||||||||||
Helios Software Holdings, Inc., 2021 USD Term Loan B, (3 mo. SOFR CME + 3.75%), 8.66%, 03/11/28 | 80 | 78,111 | ||||||||||
Magenta Buyer LLC | ||||||||||||
2021 USD 1st Lien Term Loan, (3 mo. LIBOR US at 0.75% Floor + 4.75%), 9.58%, 07/27/28 | 564 | 463,420 | ||||||||||
2021 USD 2nd Lien Term Loan, (3 mo. LIBOR US at 0.75% Floor + 8.25%), 13.08%, 07/27/29 | 280 | 207,200 |
Security | Par (000) | Value | ||||||||||
Software (continued) | ||||||||||||
McAfee Corp., 2022 USD Term Loan B, (1 mo. SOFR CME at 0.50% Floor + 3.75%), 8.52%, 03/01/29 | USD | 473 | $ | 443,311 | ||||||||
Planview Parent, Inc., 2nd Lien Term Loan, (3 mo. LIBOR US at 0.75% Floor + 7.25%), 12.41%, 12/18/28 | 103 | 90,812 | ||||||||||
Proofpoint, Inc. | ||||||||||||
1st Lien Term Loan, (1 mo. LIBOR US at 0.50% Floor + 3.25%), 8.09%, 08/31/28 | 19 | 18,606 | ||||||||||
2nd Lien Term Loan, (3 mo. LIBOR US at 0.50% Floor + 6.25%), 11.09%, 08/31/29 | 250 | 235,019 | ||||||||||
RealPage, Inc., 1st Lien Term Loan, (1 mo. LIBOR US at 0.50% Floor + 3.00%), 7.84%, 04/24/28 | 217 | 209,826 | ||||||||||
Renaissance Holding Corp., 2023 Refi Term Loan, (1 mo. LIBOR US + 3.25%), 8.09%, 04/05/30 | 9 | 9,056 | ||||||||||
Sabre Global, Inc. | ||||||||||||
2021 Term Loan B1, (1 mo. LIBOR US at 0.50% Floor + 3.50%), 8.34%, 12/17/27 | 48 | 40,566 | ||||||||||
2021 Term Loan B2, (1 mo. LIBOR US at 0.50% Floor + 3.50%), 8.34%, 12/17/27 | 77 | 64,962 | ||||||||||
Sophia LP, 2021 Term Loan B, (3 mo. LIBOR US at 0.50% Floor + 3.50%), 8.66%, 10/07/27 | 487 | 480,341 | ||||||||||
Sovos Compliance LLC, 2021 Term Loan, (1 mo. LIBOR US at 0.50% Floor + 4.50%), 9.34%, 08/11/28 | 117 | 110,917 | ||||||||||
TIBCO Software, Inc., 2022 USD Term Loan, (3 mo. SOFR CME at 0.50% Floor + 4.50%), 9.50%, 03/30/29 | 439 | 398,028 | ||||||||||
UKG, Inc., 2021 2nd Lien Term Loan, (3 mo. LIBOR US at 0.50% Floor + 5.25%), 10.03%, 05/03/27 | 295 | 281,819 | ||||||||||
Ultimate Software Group, Inc. | ||||||||||||
2021 Term Loan, (3 mo. LIBOR US at 0.50% Floor + 3.25%), 8.03%, 05/04/26 | 186 | 180,839 | ||||||||||
Term Loan B, (3 mo. LIBOR US + 3.75%), 8.58%, 05/04/26 | 144 | 141,010 | ||||||||||
|
| |||||||||||
4,717,591 | ||||||||||||
Textiles, Apparel & Luxury Goods — 0.1% | ||||||||||||
Crocs, Inc., Term Loan B, (1 mo. SOFRTE at 0.50% Floor + 3.50%), 8.41%, 02/20/29 | 290 | 288,891 | ||||||||||
Hanesbrands, Inc., 2023 Term Loan B, (1 mo. SOFR CME at 0.50% Floor + 3.75%), 8.56%, 03/08/30(c) | 75 | 74,625 | ||||||||||
|
| |||||||||||
363,516 | ||||||||||||
Trading Companies & Distributors — 0.0% | ||||||||||||
SRS Distribution, Inc., 2022 Incremental Term Loan, (1 mo. SOFR CME + 3.25%), 8.16%, 06/02/28 | 175 | 167,557 | ||||||||||
|
| |||||||||||
Transportation — 0.0% | ||||||||||||
Brown Group Holding LLC, 2022 Incremental Term Loan B2, (1 mo. SOFR CME at 0.50% Floor + 3.75%), 8.46%, 07/02/29 | 144 | 144,042 | ||||||||||
|
| |||||||||||
Transportation Infrastructure — 0.0% | ||||||||||||
KKR Apple Bidco LLC, 2021 2nd Lien Term Loan, (1 mo. LIBOR US at 0.50% Floor + 5.75%), 10.59%, 09/21/29 | 18 | 17,590 | ||||||||||
|
| |||||||||||
Total Floating Rate Loan Interests — 3.4% | ||||||||||||
(Cost: $21,560,979) | 20,675,174 | |||||||||||
|
|
19 |
Schedule of Investments (unaudited) (continued) March 31, 2023 | BlackRock Core Bond Trust (BHK) (Percentages shown are based on Net Assets) |
Security | Par (000) | Value | ||||||
Foreign Agency Obligations |
| |||||||
Bahrain — 0.0% | ||||||||
Bahrain Government International Bond, 5.45%, 09/16/32(d) | USD 200 | $ | 178,500 | |||||
|
| |||||||
Canada — 1.1% | ||||||||
CDP Financial, Inc., 5.60%, 11/25/39(b)(e) | 5,890 | 6,503,067 | ||||||
Colombia — 0.2% | ||||||||
Colombia Government International Bond | ||||||||
4.50%, 01/28/26 | 300 | 287,400 | ||||||
3.88%, 04/25/27 | 200 | 181,537 | ||||||
3.13%, 04/15/31 | 400 | 305,200 | ||||||
8.00%, 04/20/33 | 200 | 205,100 | ||||||
|
| |||||||
979,237 | ||||||||
Dominican Republic — 0.2% | ||||||||
Dominican Republic International Bond | ||||||||
6.88%, 01/29/26(d) | 115 | 116,459 | ||||||
5.95%, 01/25/27(d) | 228 | 223,982 | ||||||
5.50%, 02/22/29(b) | 160 | 150,230 | ||||||
4.50%, 01/30/30(b) | 226 | 196,309 | ||||||
7.05%, 02/03/31(b) | 150 | 150,844 | ||||||
4.88%, 09/23/32(b) | 300 | 254,400 | ||||||
|
| |||||||
1,092,224 | ||||||||
Egypt — 0.0% | ||||||||
Egypt Government International Bond, 7.50%, 02/16/61(b) | 219 | 117,617 | ||||||
|
| |||||||
Guatemala — 0.1% | ||||||||
Guatemala Government Bond | ||||||||
4.50%, 05/03/26(d) | 200 | 194,600 | ||||||
5.25%, 08/10/29(b) | 200 | 194,350 | ||||||
5.38%, 04/24/32(b) | 200 | 193,475 | ||||||
|
| |||||||
582,425 | ||||||||
Ivory Coast — 0.1% | ||||||||
Ivory Coast Government International Bond, 6.38%, 03/03/28(d) | 400 | 382,800 | ||||||
|
| |||||||
Morocco — 0.0% | ||||||||
Morocco Government International Bond, 2.38%, 12/15/27(b) | 200 | 176,000 | ||||||
|
| |||||||
Oman — 0.1% | ||||||||
Oman Government International Bond(d) | ||||||||
6.50%, 03/08/47 | 228 | 210,330 | ||||||
6.75%, 01/17/48 | 200 | 189,250 | ||||||
|
| |||||||
399,580 | ||||||||
Pakistan — 0.0% | ||||||||
Pakistan Government International Bond, 6.00%, 04/08/26(d) | 200 | 72,022 | ||||||
|
| |||||||
Paraguay — 0.1% | ||||||||
Paraguay Government International Bond(b) | ||||||||
4.95%, 04/28/31 | 200 | 192,725 | ||||||
5.40%, 03/30/50 | 200 | 171,412 | ||||||
|
| |||||||
364,137 | ||||||||
Romania — 0.1% | ||||||||
Romanian Government International Bond 5.25%, 11/25/27(b) | 204 | 200,685 |
Security | Par (000) | Value | ||||||
Romania (continued) | ||||||||
Romanian Government International Bond (continued) | ||||||||
2.50%, 02/08/30(d) | EUR 222 | $ | 192,005 | |||||
2.12%, 07/16/31(d) | 226 | 178,615 | ||||||
|
| |||||||
571,305 | ||||||||
Senegal — 0.0% | ||||||||
Senegal Government International Bond, 6.25%, 05/23/33(d) | USD 200 | 159,000 | ||||||
|
| |||||||
South Africa — 0.0% | ||||||||
Republic of South Africa Government International Bond | ||||||||
4.85%, 09/30/29 | 200 | 179,000 | ||||||
5.88%, 04/20/32(e) | 200 | 181,250 | ||||||
|
| |||||||
360,250 | ||||||||
Sri Lanka — 0.0% | ||||||||
Sri Lanka Government International Bond(d)(i)(j) | ||||||||
6.85%, 03/14/24 | 432 | 151,686 | ||||||
7.85%, 03/14/29 | 200 | 69,772 | ||||||
|
| |||||||
221,458 | ||||||||
Ukraine — 0.0% | ||||||||
Ukraine Government International Bond(i)(j) | ||||||||
7.75%, 09/01/27(d) | 385 | 68,650 | ||||||
7.25%, 03/15/35(b) | 200 | 34,163 | ||||||
|
| |||||||
102,813 | ||||||||
|
| |||||||
Total Foreign Agency Obligations — 2.0% | 12,262,435 | |||||||
|
| |||||||
Municipal Bonds | ||||||||
California — 1.1% | ||||||||
City of Los Angeles California, GO, Series A, 5.00%, 09/01/42 | 2,000 | 2,005,412 | ||||||
East Bay Municipal Utility District Water System Revenue, RB, BAB, 5.87%, 06/01/40 | 1,900 | 2,127,656 | ||||||
Oxnard Union High School District, Refunding GO, (BAM), 3.18%, 08/01/43 | 1,600 | 1,215,855 | ||||||
University of California, RB, BAB, 5.95%, 05/15/45 | 885 | 977,247 | ||||||
|
| |||||||
6,326,170 | ||||||||
Georgia — 0.3% | ||||||||
Municipal Electric Authority of Georgia, Refunding RB, BAB, 7.06%, 04/01/57 | 1,907 | 1,963,674 | ||||||
|
| |||||||
Hawaii — 0.3% | ||||||||
City & County Honolulu HI Wastewater System Revenue, Refunding RB, Series A, 2.62%, 07/01/45 | 1,000 | 700,480 | ||||||
State of Hawaii, GO, Series GK, 6.15%, 10/01/38 | 1,000 | 1,100,076 | ||||||
|
| |||||||
1,800,556 | ||||||||
Illinois — 0.3% | ||||||||
State of Illinois, GO, 5.10%, 06/01/33 | 2,000 | 1,992,696 | ||||||
|
| |||||||
Massachusetts — 0.1% | ||||||||
University of Massachusetts Building Authority, Refunding RB, Series 3, 3.43%, 11/01/40 | 500 | 418,086 | ||||||
|
| |||||||
New York — 1.4% | ||||||||
Metropolitan Transportation Authority, RB, BAB, 7.34%, 11/15/39 | 1,295 | 1,644,646 | ||||||
New York City Industrial Development Agency, Refunding RB, (AGM), 3.19%, 03/01/40 | 165 | 125,323 |
S C H E D U L E O F I N V E S T M E N T S | 20 |
Schedule of Investments (unaudited) (continued) March 31, 2023 | BlackRock Core Bond Trust (BHK) (Percentages shown are based on Net Assets) |
Security | Par (000) | Value | ||||||
New York (continued) | ||||||||
New York City Municipal Water Finance Authority, Refunding RB, BAB, | USD 1,390 | $ | 1,552,196 | |||||
New York City Transitional Finance Authority Future Tax Secured Revenue, RB, Series E-1, 4.00%, 02/01/41 | 1,000 | 1,001,706 | ||||||
New York State Dormitory Authority, RB, BAB | ||||||||
Series D, 5.60%, 03/15/40 | 1,900 | 2,011,346 | ||||||
Series F, 5.63%, 03/15/39 | 1,100 | 1,158,570 | ||||||
Port Authority of New York & New Jersey, RB, 159th Series, 6.04%, 12/01/29 | 780 | 834,035 | ||||||
|
| |||||||
8,327,822 | ||||||||
|
| |||||||
Total Municipal Bonds — 3.5% | 20,829,004 | |||||||
|
| |||||||
Non-Agency Mortgage-Backed Securities |
| |||||||
Collateralized Mortgage Obligations — 7.0% | ||||||||
Alternative Loan Trust | ||||||||
Series 2005-64CB, Class 1A15, 5.50%, 12/25/35 | 411 | 364,873 | ||||||
Series 2006-OA21, Class A1, (1 mo. LIBOR US + 0.19%), 4.95%, 03/20/47(a) | 375 | 303,857 | ||||||
Series 2007-OA10, Class 2A1, (1 mo. LIBOR US + 0.50%), 5.35%, 09/25/47(a) | 4,123 | 562,177 | ||||||
Banc of America Funding Trust, | 219 | 180,525 | ||||||
BRAVO Residential Funding Trust, | 831 | 729,023 | ||||||
Chase Home Lending Mortgage Trust, Series 2019- ATR1, Class A12, | 578 | 584,835 | ||||||
COLT Mortgage Loan Trust(b) | ||||||||
Series 2020-2, Class M1, 5.25%, 03/25/65(a) | 3,050 | 2,821,133 | ||||||
Series 2020-3, Class M1, 3.36%, 04/27/65(a) | 3,820 | 3,402,714 | ||||||
Series 2022-1, Class A1, 4.55%, 04/25/67(a) | 1,640 | 1,584,190 | ||||||
Series 2022-7, Class A1, 5.16%, 04/25/67 | 2,266 | 2,226,438 | ||||||
Series 2022-9, Class A1, 6.79%, 12/25/67 | 383 | 385,796 | ||||||
Credit Suisse Mortgage Capital Certificates Trust, Series 2022-NQM5, Class A1, 5.17%, 05/25/67(a)(b) | 2,876 | 2,791,878 | ||||||
Deephaven Residential Mortgage Trust, Series 2022-2, Class A1, | 296 | 280,272 | ||||||
Ellington Financial Mortgage Trust(a)(b) | ||||||||
Series 2020-1, Class M1, 5.24%, 05/25/65 | 1,500 | 1,417,995 | ||||||
Series 2021-2, Class A1, 0.93%, 06/25/66 | 212 | 169,989 | ||||||
GCAT Trust, Series 2022-NQM3, Class A1, 4.35%, 04/25/67(a)(b) | 1,178 | 1,124,214 | ||||||
GMACM Mortgage Loan Trust, Series 2005-AR3, Class 5A1, 3.15%, 06/19/35(a) | 110 | 95,132 | ||||||
GS Mortgage-Backed Securities Corp. Trust, Series 2022-PJ2, Class A4, 2.50%, 06/25/52(a)(b) | 1,099 | 889,620 | ||||||
GS Mortgage-Backed Securities Trust(a)(b) | ||||||||
Series 2021-PJ2, Class A2, 2.50%, 11/25/51 | 950 | 769,152 | ||||||
Series 2021-PJ7, Class A2, 2.50%, 01/25/52 | 2,486 | 2,011,516 | ||||||
GSR Mortgage Loan Trust, Series 2007-4F, Class 3A1, 6.00%, 07/25/37 | 83 | 54,223 | ||||||
Homeward Opportunities Fund Trust, | 1,254 | 1,228,051 | ||||||
JP Morgan Mortgage Trust | ||||||||
Series 2006-S3, Class 1A12, | 42 | 17,552 | ||||||
Series 2022-DSC1, Class A1, | 498 | 474,780 | ||||||
Series 2022-INV3, Class A3B, | 776 | 659,325 |
Security | Par (000) | Value | ||||||
Collateralized Mortgage Obligations (continued) | ||||||||
Mello Mortgage Capital Acceptance, | USD 808 | $ | 682,522 | |||||
Merrill Lynch Mortgage Investors Trust, | 142 | 102,565 | ||||||
MFA Trust(b) | ||||||||
Series 2021-NQM1, Class M1, | 2,750 | 1,993,868 | ||||||
Series 2023-NQM1, Class A1, 5.75%, 11/25/67 | 947 | 939,383 | ||||||
OBX Trust(b) | ||||||||
Series 2022-INC3, Class A1, 3.00%, 02/25/52(a) | 718 | 605,976 | ||||||
Series 2022-NQM9, Class A1A, 6.45%, 09/25/62 | 559 | 559,668 | ||||||
Series 2023-NQM1, Class A1, 6.12%, 11/25/62(a) | 786 | 786,400 | ||||||
RCKT Mortgage Trust, Series 2022-2, Class A1, 3.00%, 02/25/52(a)(b) | 1,070 | 903,174 | ||||||
SG Residential Mortgage Trust, Series 2022-2, Class A1, 5.35%, 08/25/62(b) | 724 | 711,510 | ||||||
Spruce Hill Mortgage Loan Trust, Class A1A, 4.10%, 07/25/57(b) | 742 | 705,928 | ||||||
STAR Trust, Series 2021-1, Class M1, 2.36%, 05/25/65(a)(b) | 2,050 | 1,531,927 | ||||||
Starwood Mortgage Residential Trust, | 2,000 | 1,633,292 | ||||||
Verus Securitization Trust(b) | ||||||||
Series 2022-3, Class A1, 4.13%, 02/25/67 | 3,108 | 2,905,396 | ||||||
Series 2022-7, Class A1, 5.15%, 07/25/67 | 1,755 | 1,717,702 | ||||||
Series 2022-INV2, Class A1, 6.79%, 10/25/67 | 560 | 564,244 | ||||||
Series 2023-1, Class A1, 5.85%, 12/25/67 | 1,104 | 1,094,717 | ||||||
|
| |||||||
42,567,532 | ||||||||
Commercial Mortgage-Backed Securities — 4.7% | ||||||||
3650R 2021-PF1 Commercial Mortgage Trust, Series 2021-PF1, Class A5, 2.52%, 11/15/54 | 1,250 | 1,016,630 | ||||||
BAMLL Commercial Mortgage Securities Trust, Series 2015-200P, Class C, 3.60%, 04/14/33(a)(b) | 4,170 | 3,759,284 | ||||||
Bayview Commercial Asset Trust, Series 2007-2A, Class A1, (1 mo. LIBOR US + 0.27%), 5.12%, 07/25/37(a)(b) | 697 | 615,461 | ||||||
BX Commercial Mortgage Trust(a)(b) | ||||||||
Series 2019-XL, Class A, (1 mo. SOFR + 1.03%), 5.86%, 10/15/36 | 1,129 | 1,116,179 | ||||||
Series 2021-CIP, Class A, (1 mo. LIBOR US + 0.92%), 5.61%, 12/15/38 | 605 | 583,006 | ||||||
Series 2021-SOAR, Class A, (1 mo. LIBOR US + 0.67%), 5.36%, 06/15/38 | 1,663 | 1,598,520 | ||||||
Series 2021-XL2, Class A, (1 mo. LIBOR US + 0.69%), 5.37%, 10/15/38 | 463 | 443,895 | ||||||
Series 2022-LP2, Class A, (1 mo. SOFR + 1.01%), 5.84%, 02/15/39 | 1,634 | 1,573,017 | ||||||
BX Trust(a)(b) | ||||||||
Class A, (1 mo. SOFR + 0.85%), | 1,300 | 1,248,276 | ||||||
Series 2021-LBA, Class AJV, (1 mo. SOFR + 0.91%), 5.74%, 02/15/36 | 1,690 | 1,610,363 | ||||||
Series 2021-SDMF, Class A, (1 mo. LIBOR US + 0.59%), 5.27%, 09/15/34 | 199 | 192,034 | ||||||
Series 2022-GPA, Class A, (1 mo. SOFR + 2.17%), 6.99%, 10/15/39 | 650 | 641,853 | ||||||
Cantor Commercial Real Estate Lending, | 550 | 466,660 | ||||||
Citigroup Commercial Mortgage Trust, | 700 | 685,783 |
21 |
Schedule of Investments (unaudited) (continued) March 31, 2023 | BlackRock Core Bond Trust (BHK) (Percentages shown are based on Net Assets) |
Security | Par (000) | Value | ||||||
Commercial Mortgage-Backed Securities (continued) | ||||||||
Cold Storage Trust, Class A, (1 mo. LIBOR US + 0.90%), 5.58%, 11/15/37(a)(b) | USD 238 | $ | 231,761 | |||||
Credit Suisse Mortgage Capital Certificates Trust, Series 2020-FACT, Class D, (1 mo. LIBOR US + 3.71%), 8.39%, 10/15/37(a)(b) | 900 | 831,896 | ||||||
Extended Stay America Trust, Series 2021-ESH, Class D, (1 mo. LIBOR US + 2.25%), 6.94%, 07/15/38(a)(b) | 810 | 771,629 | ||||||
GS Mortgage Securities Corp. Trust, Series 2022-SHIP, Class A, (1 mo. SOFR + 0.73%), 5.56%, 08/15/36(a)(b) | 700 | 693,060 | ||||||
GS Mortgage Securities Trust, 3.84%, 02/10/52 | 930 | 884,845 | ||||||
JP Morgan Chase Commercial Mortgage Securities Trust, Series 2022-ACB, Class A, (30 day Average SOFR + 1.4%), 5.96%, 03/15/39(a)(b) | 1,700 | 1,644,591 | ||||||
JP Morgan Mortgage Trust, Series 2023-DSC1, Class A1, 4.63%, 07/25/63 | 348 | 326,818 | ||||||
KKR Industrial Portfolio Trust, Series 2021-KDIP, Class A, (1 mo. SOFR + 0.66%), 5.49%, 12/15/37(a)(b) | 315 | 305,546 | ||||||
Lehman Brothers Small Balance Commercial Mortgage Trust, Series 2006-1A, Class B, (1 mo. LIBOR US + 1.00%), 5.85%, 04/25/31(a)(b) | 993 | 982,184 | ||||||
Morgan Stanley Bank of America Merrill Lynch Trust, Series 2015-C22, Class A4, 3.31%, 04/15/48 | 1,200 | 1,143,470 | ||||||
STWD Trust 2021-FLWR, Series 2021-FLWR, Class A, (1 mo. LIBOR US + 0.58%), 5.26%, 07/15/36(a)(b) | 1,207 | 1,156,080 | ||||||
TPGI Trust 2021-DGWD, Series 2021-DGWA, Class A, (1 mo. LIBOR US + 0.70%), 5.38%, 06/15/26(a)(b) | 1,120 | 1,076,450 | ||||||
UBS Commercial Mortgage Trust, Series 2019-C18, Class A4, 3.04%, 12/15/52 | 1,200 | 1,046,087 | ||||||
Wells Fargo Commercial Mortgage Trust, Series 2016- LC25, Class A4, 3.64%, 12/15/59 | 1,700 | 1,594,227 | ||||||
|
| |||||||
28,239,605 | ||||||||
|
| |||||||
Total Non-Agency Mortgage-Backed Securities — 11.7% |
| 70,807,137 | ||||||
|
| |||||||
Preferred Securities |
| |||||||
Capital Trusts — 5.1%(a) | ||||||||
Banks(g) — 1.9% | ||||||||
AIB Group PLC, 5.25%(d) | EUR 200 | 194,668 | ||||||
Banco Mercantil del Norte SA, 6.75%(b) | USD 200 | 189,600 | ||||||
Bank of East Asia Ltd., 5.88%(d) | 250 | 217,156 | ||||||
Industrial & Commercial Bank of China Ltd., 3.20%(d) | 250 | 233,750 | ||||||
ING Groep NV, Series NC10, 4.25% | 1,500 | 991,455 | ||||||
Kasikornbank PCL, 5.28%(d) | 300 | 274,650 | ||||||
Nordea Bank Abp, 6.13%(b) | 2,960 | 2,736,710 | ||||||
PNC Financial Services Group, Inc.(e) | ||||||||
Series V, 6.20% | 205 | 192,874 | ||||||
Series W, 6.25% | 1,705 | 1,585,650 | ||||||
Rizal Commercial Banking Corp., 6.50%(d) | 200 | 176,413 | ||||||
U.S. Bancorp, Series J, 5.30%(e) | 1,900 | 1,616,904 | ||||||
Wells Fargo & Co., Series S, 5.90%(e) | 3,390 | 3,213,890 | ||||||
|
| |||||||
11,623,720 |
Security | Par (000) | Value | ||||||
Capital Markets — 0.4% | ||||||||
Bank of New York Mellon Corp., 4.63%(g) | USD 2,750 | $ | 2,459,446 | |||||
|
| |||||||
Diversified Telecommunication Services — 0.1% | ||||||||
Telefonica Europe BV, 6.14%(d)(g) | EUR 200 | 209,405 | ||||||
|
| |||||||
Electric Utilities — 0.4% | ||||||||
Edison International, Series B, 5.00%(g) | USD 115 | 95,277 | ||||||
EDP - Energias de Portugal SA, | EUR 100 | 106,281 | ||||||
NextEra Energy Capital Holdings, Inc., 5.65%, 05/01/79 | USD 2,750 | 2,420,182 | ||||||
|
| |||||||
2,621,740 | ||||||||
Financial Services(g) — 2.2% | ||||||||
Bank of America Corp., Series FF, 5.88% | 3,500 | 3,149,125 | ||||||
Barclays PLC, 4.38% | 310 | 211,920 | ||||||
Credit Agricole SA, 4.75%(b) | 200 | 150,180 | ||||||
HSBC Holdings PLC(e) | ||||||||
6.50% | 1,090 | 953,655 | ||||||
6.00% | 435 | 391,883 | ||||||
JPMorgan Chase & Co., Series FF, 5.00% | 2,500 | 2,400,250 | ||||||
Lloyds Banking Group PLC | ||||||||
8.00% | 200 | 184,250 | ||||||
7.50% | 1,750 | 1,623,685 | ||||||
NatWest Group PLC, 6.00% | 1,575 | 1,436,557 | ||||||
Societe Generale SA, 7.88%(b) | 1,000 | 936,400 | ||||||
UBS Group AG, 4.88%(b) | 2,000 | 1,557,740 | ||||||
Woori Bank, 4.25%(d) | 250 | 234,344 | ||||||
|
| |||||||
13,229,989 | ||||||||
Independent Power and Renewable Electricity Producers(b)(g) — 0.1% | ||||||||
NRG Energy, Inc., 10.25% | 325 | 310,573 | ||||||
Vistra Corp., 7.00% | 162 | 142,560 | ||||||
|
| |||||||
453,133 | ||||||||
Real Estate Management & Development — 0.0% | ||||||||
Aroundtown SA, 3.38%(d)(g) | EUR 100 | 47,748 | ||||||
|
| |||||||
Utilities — 0.0% | ||||||||
Electricite de France SA, 3.38%(d)(g) | 200 | 161,374 | ||||||
|
| |||||||
Wireless Telecommunication Services — 0.0% | ||||||||
Vodafone Group PLC, 3.10%, 01/03/79(d) | 100 | 106,657 | ||||||
|
| |||||||
30,913,212 | ||||||||
|
| |||||||
Shares | ||||||||
Preferred Stocks — 0.3%(a)(g) | ||||||||
Capital Markets — 0.3% | ||||||||
Morgan Stanley, Series K | 66,567 | 1,649,530 | ||||||
|
| |||||||
Financial Services — 0.0% | ||||||||
Fannie Mae, Series S | 10,000 | 17,200 | ||||||
|
| |||||||
1,666,730 | ||||||||
|
|
S C H E D U L E O F I N V E S T M E N T S | 22 |
Schedule of Investments (unaudited) (continued) March 31, 2023 | BlackRock Core Bond Trust (BHK) (Percentages shown are based on Net Assets) |
Security |
Shares | Value | ||||||
Trust Preferred — 0.1% | ||||||||
Financial Services — 0.1% | ||||||||
Citigroup Capital XIII, 10/30/40(a) | 29,583 | $ | 844,299 | |||||
|
| |||||||
844,299 | ||||||||
|
| |||||||
Total Preferred Securities — 5.5% (Cost: $36,951,339) | 33,424,241 | |||||||
|
| |||||||
Par (000) | ||||||||
U.S. Government Sponsored Agency Securities |
| |||||||
Agency Obligations — 1.1% | ||||||||
Freddie Mac Mortgage-Backed Securities, 1.50%, 05/01/31(e) | USD 7,144 | 6,559,932 | ||||||
|
| |||||||
Collateralized Mortgage Obligations(e) — 4.9% | ||||||||
Fannie Mae REMICS | ||||||||
Series 2015-47, Class GL, 3.50%, 07/25/45 | 1,636 | 1,475,413 | ||||||
Series 2022-25, Class KL, 4.00%, 05/25/52 | 14,500 | 13,442,947 | ||||||
Freddie Mac REMICS | ||||||||
Series 4350, Class DY, 4.00%, 06/15/44 | 1,795 | 1,725,048 | ||||||
Series 4398, Class ZX, 4.00%, 09/15/54 | 10,776 | 9,995,088 | ||||||
Series 4549, Class TZ, 4.00%, 11/15/45 | 3,236 | 3,094,432 | ||||||
|
| |||||||
29,732,928 | ||||||||
Mortgage-Backed Securities — 17.8% | ||||||||
Fannie Mae, 5.63%, 07/15/37(e) | 1,600 | 1,856,310 | ||||||
Fannie Mae Mortgage-Backed Securities(e) | ||||||||
4.50%, 07/01/55 | 2,902 | 2,908,269 | ||||||
4.00%, 02/01/56 - 04/01/56 | 3,121 | 3,046,900 | ||||||
Fannie Mae REMICS, Series 2012-47, Class NI, 4.50%, 04/25/42 | 841 | 157,660 | ||||||
Freddie Mac Mortgage-Backed Securities(e) | ||||||||
3.00%, 04/01/33 | 1,728 | 1,648,022 | ||||||
4.50%, 03/01/47 | 600 | 603,760 | ||||||
Ginnie Mae(a) | ||||||||
Series 2009-116, Class KS, (1 mo. LIBOR US + 6.47%), 1.74%, 12/16/39 | 640 | 50,824 | ||||||
Series 2011-52, Class NS, (1 mo. LIBOR US + 6.67%), 1.94%, 04/16/41 | 5,345 | 391,764 | ||||||
Ginnie Mae Mortgage-Backed Securities, 5.50%, 08/15/33(e) | 25 | 25,797 | ||||||
Resolution Funding Corp. Principal Strip, 0.00%, 04/15/30(f) | 6,055 | 4,546,041 | ||||||
Uniform Mortgage-Backed Securities | ||||||||
5.00%, 08/01/34 - 04/13/53(e)(m) | 23,535 | 23,672,673 | ||||||
3.50%, 09/01/34 - 04/13/53(e)(m) | 16,281 | 15,258,889 | ||||||
4.50%, 06/01/37 - 04/13/53(e)(m) | 17,326 | 17,113,807 | ||||||
5.50%, 12/01/37 - 04/13/53(e)(m) | 18,101 | 18,342,470 | ||||||
6.00%, 12/01/38(e) | 225 | 235,213 | ||||||
4.00%, 10/01/49 - 09/01/52(e) | 7,646 | 7,409,318 | ||||||
3.00%, 02/01/52 | 12,000 | 10,766,143 | ||||||
|
| |||||||
108,033,860 |
Security | Par (000) | Value | ||||||
Principal Only Collateralized Mortgage Obligations(n) — 0.0% | ||||||||
Fannie Mae Interest Strip, Series 228, Class 1, 0.00%, 06/25/23 | USD — | (l) | $ | 6 | ||||
Fannie Mae REMICS, Series 1993-70, Class A, 0.00%, 05/25/23 | — | (l) | 2 | |||||
|
| |||||||
8 | ||||||||
|
| |||||||
Total U.S. Government Sponsored Agency Securities — 23.8% |
| 144,326,728 | ||||||
|
| |||||||
U.S. Treasury Obligations | ||||||||
U.S. Treasury Bonds(e) | ||||||||
3.00%, 11/15/44 | 33,795 | 29,478,217 | ||||||
2.50%, 02/15/46 | 57,350 | 45,548,445 | ||||||
2.75%, 11/15/47 | 2,000 | 1,663,906 | ||||||
U.S. Treasury Notes, 3.00%, 07/31/24(e) | 39,505 | 38,785,886 | ||||||
|
| |||||||
Total U.S. Treasury Obligations — 19.1% (Cost: $132,337,432) | 115,476,454 | |||||||
|
| |||||||
Total Long-Term Investments — 152.7% (Cost: $985,432,733) | 924,512,770 | |||||||
|
| |||||||
Shares | ||||||||
Short-Term Securities |
| |||||||
Money Market Funds — 1.4% | ||||||||
BlackRock Liquidity Funds, T-Fund, Institutional Class, 4.70%(o)(p) | 8,230,152 | 8,230,152 | ||||||
|
| |||||||
Total Short-Term Securities — 1.4% | 8,230,152 | |||||||
|
| |||||||
Total Investments Before TBA Sale Commitments — 154.1% |
| 932,742,922 | ||||||
|
| |||||||
Par (000) | ||||||||
TBA Sale Commitments(m) |
| |||||||
Mortgage-Backed Securities — (1.3)% | ||||||||
Uniform Mortgage-Backed Securities | ||||||||
3.50%, 04/13/53 | USD (5,000 | ) | (4,645,899 | ) | ||||
4.00%, 04/13/53 | (3,000 | ) | (2,869,230 | ) | ||||
|
| |||||||
Total TBA Sale Commitments — (1.3)% (Proceeds: $(7,425,578)) | (7,515,129 | ) | ||||||
|
| |||||||
Total Investments, Net of TBA Sale Commitments — 152.8% (Cost: $986,237,307) |
| 925,227,793 | ||||||
Liabilities in Excess of Other Assets — (52.8)% | (319,687,722 | ) | ||||||
|
| |||||||
Net Assets — 100.0% | $ | 605,540,071 | ||||||
|
|
(a) | Variable rate security. Interest rate resets periodically. The rate shown is the effective interest rate as of period end. Security description also includes the reference rate and spread if published and available. |
(b) | Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors. |
(c) | Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy. |
(d) | This security may be resold to qualified foreign investors and foreign institutional buyers under Regulation S of the Securities Act of 1933. |
(e) | All or a portion of the security has been pledged as collateral in connection with outstanding reverse repurchase agreements. |
23 |
Schedule of Investments (unaudited) (continued) March 31, 2023 | BlackRock Core Bond Trust (BHK) |
(f) | Zero-coupon bond. |
(g) | Perpetual security with no stated maturity date. |
(h) | Payment-in-kind security which may pay interest/dividends in additional par/shares and/or in cash. Rates shown are the current rate and possible payment rates. |
(i) | Issuer filed for bankruptcy and/or is in default. |
(j) | Non-income producing security. |
(k) | 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. |
(l) | Rounds to less than 1,000. |
(m) | Represents or includes a TBA transaction. |
(n) | Rates are discount rates or a range of discount rates as of period end. |
(o) | Affiliate of the Trust. |
(p) | Annualized 7-day yield as of period end. |
For Trust compliance purposes, the Trust’s industry classifications refer to one or more of the industry sub-classifications used by one or more widely recognized market indexes or rating group indexes, and/or as defined by the investment adviser. These definitions may not apply for purposes of this report, which may combine such industry sub-classifications for reporting ease.
Affiliates
Investments in issuers considered to be affiliate(s) of the Trust during the period ended March 31, 2023 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:
Affiliated Issuer | Value at 12/31/22 | Purchases at Cost | Proceeds from Sales | Net Realized Gain (Loss) | Change in Unrealized Appreciation (Depreciation) | Value at 03/31/23 | Shares Held at 03/31/23 | Income | Capital Gain Distributions from Underlying Funds | |||||||||||||||||||||||||||
BlackRock Liquidity Funds, T-Fund, Institutional Class | $ | 2,477,689 | $ | 5,752,463 | (a) | $ | — | $ | — | $ | — | $ | 8,230,152 | 8,230,152 | $ | 94,320 | $ | — | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
(a) | Represents net amount purchased (sold). |
Reverse Repurchase Agreements
Counterparty | Interest Rate | Trade Date | Maturity Date(a) | Face Value | Face Value Including Accrued Interest | Type of Non-Cash Underlying Collateral | Remaining Contractual Maturity of the Agreements(a) | |||||||||||||||||
BNP Paribas S.A. | 4.82 | %(b) | 01/23/23 | Open | $ | 447,188 | $ | 450,885 | Corporate Bonds | Open/Demand | ||||||||||||||
BNP Paribas S.A. | 4.87 | (b) | 01/26/23 | Open | 195,263 | 196,824 | Capital Trusts | Open/Demand | ||||||||||||||||
Nomura Securities International, Inc. | 4.98 | (b) | 01/26/23 | Open | 506,250 | 510,398 | Corporate Bonds | Open/Demand | ||||||||||||||||
Barclays Capital, Inc. | (1.75 | )(b) | 02/08/23 | Open | 160,038 | 159,641 | Corporate Bonds | Open/Demand | ||||||||||||||||
BNP Paribas S.A. | 4.82 | (b) | 02/08/23 | Open | 922,500 | 928,479 | Corporate Bonds | Open/Demand | ||||||||||||||||
BNP Paribas S.A. | 4.94 | (b) | 02/08/23 | Open | 2,202,250 | 2,216,897 | Capital Trusts | Open/Demand | ||||||||||||||||
Nomura Securities International, Inc. | 4.85 | (b) | 02/08/23 | Open | 393,105 | 395,669 | Corporate Bonds | Open/Demand | ||||||||||||||||
Nomura Securities International, Inc. | 4.98 | (b) | 02/08/23 | Open | 157,250 | 158,305 | Corporate Bonds | Open/Demand | ||||||||||||||||
Nomura Securities International, Inc. | 4.98 | (b) | 02/08/23 | Open | 905,000 | 911,071 | Corporate Bonds | Open/Demand | ||||||||||||||||
Nomura Securities International, Inc. | 4.98 | (b) | 02/08/23 | Open | 811,102 | 816,543 | Corporate Bonds | Open/Demand | ||||||||||||||||
Nomura Securities International, Inc. | 4.98 | (b) | 02/08/23 | Open | 182,750 | 183,976 | Corporate Bonds | Open/Demand | ||||||||||||||||
Nomura Securities International, Inc. | 4.98 | (b) | 02/08/23 | Open | 1,158,360 | 1,166,130 | Corporate Bonds | Open/Demand | ||||||||||||||||
Nomura Securities International, Inc. | 4.98 | (b) | 02/08/23 | Open | 347,918 | 350,251 | Corporate Bonds | Open/Demand | ||||||||||||||||
Nomura Securities International, Inc. | 4.98 | (b) | 02/08/23 | Open | 130,266 | 131,140 | Corporate Bonds | Open/Demand | ||||||||||||||||
Nomura Securities International, Inc. | 4.98 | (b) | 02/08/23 | Open | 1,005,000 | 1,003,438 | Corporate Bonds | Open/Demand | ||||||||||||||||
Nomura Securities International, Inc. | 4.98 | (b) | 02/08/23 | Open | 625,312 | 629,507 | Corporate Bonds | Open/Demand | ||||||||||||||||
Nomura Securities International, Inc. | 4.98 | (b) | 02/08/23 | Open | 348,125 | 350,460 | Corporate Bonds | Open/Demand | ||||||||||||||||
Nomura Securities International, Inc. | 4.98 | (b) | 02/08/23 | Open | 485,613 | 488,870 | Corporate Bonds | Open/Demand | ||||||||||||||||
Nomura Securities International, Inc. | 4.98 | (b) | 02/08/23 | Open | 221,390 | 222,875 | Corporate Bonds | Open/Demand | ||||||||||||||||
Nomura Securities International, Inc. | 4.98 | (b) | 02/09/23 | Open | 180,259 | 181,444 | Corporate Bonds | Open/Demand | ||||||||||||||||
BNP Paribas S.A. | 4.95 | (b) | 02/17/23 | Open | 199,973 | 200,992 | Corporate Bonds | Open/Demand | ||||||||||||||||
Nomura Securities International, Inc. | 4.98 | (b) | 02/24/23 | Open | 166,725 | 167,449 | Corporate Bonds | Open/Demand | ||||||||||||||||
Nomura Securities International, Inc. | 4.98 | (b) | 02/24/23 | Open | 243,738 | 244,796 | Corporate Bonds | Open/Demand | ||||||||||||||||
BNP Paribas S.A. | 4.67 | (b) | 02/27/23 | Open | 1,810,000 | 1,817,498 | U.S. Government Sponsored Agency Securities | Open/Demand | ||||||||||||||||
BNP Paribas S.A. | 4.90 | (b) | 02/27/23 | Open | 185,845 | 186,614 | Corporate Bonds | Open/Demand | ||||||||||||||||
BNP Paribas S.A. | 4.97 | (b) | 02/27/23 | Open | 18,937,500 | 19,015,449 | U.S. Treasury Obligations | Open/Demand | ||||||||||||||||
Nomura Securities International, Inc. | 4.92 | (b) | 02/27/23 | Open | 1,597,500 | 1,604,060 | U.S. Treasury Obligations | Open/Demand | ||||||||||||||||
Nomura Securities International, Inc. | 4.98 | (b) | 02/28/23 | Open | 144,910 | 145,501 | Corporate Bonds | Open/Demand | ||||||||||||||||
Royal Bank of Canada | 4.76 | 03/01/23 | 04/03/23 | 2,976,512 | 2,988,319 | U.S. Government Sponsored Agency Securities | Up to 30 Days |
S C H E D U L E O F I N V E S T M E N T S | 24 |
Schedule of Investments (unaudited) (continued) March 31, 2023 | BlackRock Core Bond Trust (BHK) |
Reverse Repurchase Agreements (continued)
Counterparty | Interest Rate | Trade Date | Maturity Date(a) | Face Value | Face Value Including Accrued Interest | Type of Non-Cash Underlying Collateral | Remaining Contractual Maturity of the Agreements(a) | |||||||||||||||||
Royal Bank of Canada | 4.76 | % | 03/01/23 | 04/03/23 | $ | 1,512,811 | $ | 1,518,812 | U.S. Government Sponsored | Up to 30 Days | ||||||||||||||
Royal Bank of Canada | 4.76 | 03/01/23 | 04/03/23 | 9,133,507 | 9,169,736 | U.S. Government Sponsored | Up to 30 Days | |||||||||||||||||
Royal Bank of Canada | 4.76 | 03/01/23 | 04/03/23 | 13,420,823 | 13,474,059 | U.S. Government Sponsored Agency Securities | Up to 30 Days | |||||||||||||||||
Royal Bank of Canada | 4.76 | 03/01/23 | 04/03/23 | 1,587,106 | 1,593,402 | U.S. Government Sponsored Agency Securities | Up to 30 Days | |||||||||||||||||
BNP Paribas S.A. | 4.65 | (b) | 03/06/23 | Open | 125,159 | 125,542 | Corporate Bonds | Open/Demand | ||||||||||||||||
BNP Paribas S.A. | 4.80 | (b) | 03/06/23 | Open | 756,875 | 759,272 | Corporate Bonds | Open/Demand | ||||||||||||||||
BNP Paribas S.A. | 4.90 | (b) | 03/06/23 | Open | 241,600 | 242,382 | Corporate Bonds | Open/Demand | ||||||||||||||||
BNP Paribas S.A. | 4.95 | (b) | 03/06/23 | Open | 406,250 | 407,579 | Corporate Bonds | Open/Demand | ||||||||||||||||
BNP Paribas S.A. | 4.95 | (b) | 03/06/23 | Open | 135,375 | 135,818 | Corporate Bonds | Open/Demand | ||||||||||||||||
Nomura Securities International, Inc. | 4.92 | (b) | 03/06/23 | Open | 38,467,994 | 38,596,669 | U.S. Treasury Obligations | Open/Demand | ||||||||||||||||
Nomura Securities International, Inc. | 4.98 | (b) | 03/07/23 | Open | 279,119 | 280,001 | Corporate Bonds | Open/Demand | ||||||||||||||||
BNP Paribas S.A. | 4.85 | (b) | 03/09/23 | Open | 246,450 | 247,145 | Corporate Bonds | Open/Demand | ||||||||||||||||
BNP Paribas S.A. | 4.87 | (b) | 03/09/23 | Open | 158,250 | 158,698 | Corporate Bonds | Open/Demand | ||||||||||||||||
BNP Paribas S.A. | 4.87 | (b) | 03/09/23 | Open | 118,800 | 119,136 | Corporate Bonds | Open/Demand | ||||||||||||||||
BNP Paribas S.A. | 4.93 | 03/10/23 | 04/13/23 | 24,615 | 24,679 | U.S. Government Sponsored Agency Securities | Up to 30 Days | |||||||||||||||||
BNP Paribas S.A. | 4.93 | 03/10/23 | 04/13/23 | 1,694,938 | 1,699,348 | U.S. Government Sponsored Agency Securities | Up to 30 Days | |||||||||||||||||
BNP Paribas S.A. | 4.93 | 03/10/23 | 04/13/23 | 580,723 | 582,234 | U.S. Government Sponsored Agency Securities | Up to 30 Days | |||||||||||||||||
BNP Paribas S.A. | 4.93 | 03/10/23 | 04/13/23 | 1,602,428 | 1,606,598 | U.S. Government Sponsored Agency Securities | Up to 30 Days | |||||||||||||||||
BNP Paribas S.A. | 4.93 | 03/10/23 | 04/13/23 | 358,325 | 359,257 | U.S. Government Sponsored Agency Securities | Up to 30 Days | |||||||||||||||||
BNP Paribas S.A. | 4.93 | 03/10/23 | 04/13/23 | 874,978 | 877,255 | U.S. Government Sponsored Agency Securities | Up to 30 Days | |||||||||||||||||
BNP Paribas S.A. | 4.93 | 03/10/23 | 04/13/23 | 335,975 | 336,849 | U.S. Government Sponsored Agency Securities | Up to 30 Days | |||||||||||||||||
BNP Paribas S.A. | 4.93 | 03/10/23 | 04/13/23 | 195,701 | 196,210 | U.S. Government Sponsored Agency Securities | Up to 30 Days | |||||||||||||||||
BNP Paribas S.A. | 4.93 | 03/10/23 | 04/13/23 | 2,046,239 | 2,051,563 | U.S. Government Sponsored Agency Securities | Up to 30 Days | |||||||||||||||||
BNP Paribas S.A. | 4.93 | 03/10/23 | 04/13/23 | 1,359,036 | 1,362,573 | U.S. Government Sponsored Agency Securities | Up to 30 Days | |||||||||||||||||
BNP Paribas S.A. | 4.93 | 03/10/23 | 04/13/23 | 1,218,930 | 1,222,102 | U.S. Government Sponsored Agency Securities | Up to 30 Days | |||||||||||||||||
BNP Paribas S.A. | 4.93 | 03/10/23 | 04/13/23 | 543,612 | 545,027 | U.S. Government Sponsored Agency Securities | Up to 30 Days | |||||||||||||||||
BNP Paribas S.A. | 4.93 | 03/10/23 | 04/13/23 | 1,449,045 | 1,452,815 | U.S. Government Sponsored Agency Securities | Up to 30 Days | |||||||||||||||||
BNP Paribas S.A. | 4.93 | 03/10/23 | 04/13/23 | 273,511 | 274,223 | U.S. Government Sponsored Agency Securities | Up to 30 Days | |||||||||||||||||
BNP Paribas S.A. | 4.93 | 03/10/23 | 04/13/23 | 226,927 | 227,517 | U.S. Government Sponsored Agency Securities | Up to 30 Days | |||||||||||||||||
BNP Paribas S.A. | 4.93 | 03/10/23 | 04/13/23 | 705,024 | 706,859 | U.S. Government Sponsored Agency Securities | Up to 30 Days | |||||||||||||||||
BNP Paribas S.A. | 4.93 | 03/10/23 | 04/13/23 | 1,578,761 | 1,582,869 | U.S. Government Sponsored Agency Securities | Up to 30 Days | |||||||||||||||||
BNP Paribas S.A. | 4.93 | 03/10/23 | 04/13/23 | 2,789,014 | 2,796,271 | U.S. Government Sponsored Agency Securities | Up to 30 Days | |||||||||||||||||
BNP Paribas S.A. | 4.93 | 03/10/23 | 04/13/23 | 298,904 | 299,681 | U.S. Government Sponsored Agency Securities | Up to 30 Days | |||||||||||||||||
Citigroup Global Markets, Inc. | 4.91 | 03/10/23 | 04/13/23 | 1,850,320 | 1,855,115 | U.S. Government Sponsored Agency Securities | Up to 30 Days | |||||||||||||||||
Citigroup Global Markets, Inc. | 4.91 | 03/10/23 | 04/13/23 | 2,211,378 | 2,217,109 | U.S. Government Sponsored Agency Securities | Up to 30 Days | |||||||||||||||||
Citigroup Global Markets, Inc. | 4.91 | 03/10/23 | 04/13/23 | 2,059,169 | 2,064,505 | U.S. Government Sponsored Agency Securities | Up to 30 Days |
25 |
Schedule of Investments (unaudited) (continued) March 31, 2023 | BlackRock Core Bond Trust (BHK) |
Reverse Repurchase Agreements (continued)
Counterparty | Interest Rate | Trade Date | Maturity Date(a) | Face Value | Face Value Including Accrued Interest | Type of Non-Cash Underlying Collateral | Remaining Contractual Maturity of the Agreements(a) | |||||||||||||||||
Citigroup Global Markets, Inc. | 4.91 | % | 03/10/23 | 04/13/23 | $ | 1,867,870 | $ | 1,872,710 | U.S. Government Sponsored Agency Securities | Up to 30 Days | ||||||||||||||
Citigroup Global Markets, Inc. | 4.91 | 03/10/23 | 04/13/23 | 1,888,393 | 1,893,287 | U.S. Government Sponsored Agency Securities | Up to 30 Days | |||||||||||||||||
Citigroup Global Markets, Inc. | 4.91 | 03/10/23 | 04/13/23 | 1,925,401 | 1,930,391 | U.S. Government Sponsored Agency Securities | Up to 30 Days | |||||||||||||||||
Citigroup Global Markets, Inc. | 4.91 | 03/10/23 | 04/13/23 | 2,255,806 | 2,261,652 | U.S. Government Sponsored Agency Securities | Up to 30 Days | |||||||||||||||||
Citigroup Global Markets, Inc. | 4.91 | 03/10/23 | 04/13/23 | 1,913,961 | 1,918,920 | U.S. Government Sponsored Agency Securities | Up to 30 Days | |||||||||||||||||
Citigroup Global Markets, Inc. | 4.91 | 03/10/23 | 04/13/23 | 2,001,316 | 2,006,502 | U.S. Government Sponsored Agency Securities | Up to 30 Days | |||||||||||||||||
Citigroup Global Markets, Inc. | 4.91 | 03/10/23 | 04/13/23 | 2,929,538 | 2,937,129 | U.S. Government Sponsored Agency Securities | Up to 30 Days | |||||||||||||||||
Citigroup Global Markets, Inc. | 4.91 | 03/10/23 | 04/13/23 | 1,861,539 | 1,866,363 | U.S. Government Sponsored Agency Securities | Up to 30 Days | |||||||||||||||||
Citigroup Global Markets, Inc. | 4.91 | 03/10/23 | 04/13/23 | 2,131,392 | 2,136,915 | U.S. Government Sponsored Agency Securities | Up to 30 Days | |||||||||||||||||
Citigroup Global Markets, Inc. | 4.91 | 03/10/23 | 04/13/23 | 6,261,905 | 6,278,132 | U.S. Government Sponsored Agency Securities | Up to 30 Days | |||||||||||||||||
Citigroup Global Markets, Inc. | 4.91 | 03/10/23 | 04/13/23 | 1,761,226 | 1,765,790 | U.S. Government Sponsored Agency Securities | Up to 30 Days | |||||||||||||||||
Nomura Securities International, Inc. | 4.92 | (b) | 03/10/23 | Open | 25,030,812 | 25,101,399 | U.S. Treasury Obligations | Open/Demand | ||||||||||||||||
RBC Capital Markets LLC | 5.00 | (b) | 03/20/23 | Open | 5,318,750 | 5,326,470 | Corporate Bonds | Open/Demand | ||||||||||||||||
Barclays Capital, Inc. | 4.25 | 03/23/23 | 04/11/23 | 298,500 | 298,782 | Corporate Bonds | Up to 30 Days | |||||||||||||||||
Barclays Capital, Inc. | 4.25 | 03/23/23 | 04/11/23 | 34,260 | 34,292 | Corporate Bonds | Up to 30 Days | |||||||||||||||||
Barclays Capital, Inc. | 4.95 | 03/23/23 | 04/11/23 | 1,546,875 | 1,548,577 | Corporate Bonds | Up to 30 Days | |||||||||||||||||
Barclays Capital, Inc. | 4.95 | 03/23/23 | 04/11/23 | 4,151,500 | 4,156,067 | Corporate Bonds | Up to 30 Days | |||||||||||||||||
Barclays Capital, Inc. | 4.95 | 03/23/23 | 04/11/23 | 429,375 | 429,847 | Corporate Bonds | Up to 30 Days | |||||||||||||||||
Barclays Capital, Inc. | 4.95 | 03/23/23 | 04/11/23 | 866,550 | 867,503 | Capital Trusts | Up to 30 Days | |||||||||||||||||
Barclays Capital, Inc. | 4.95 | 03/23/23 | 04/11/23 | 2,872,500 | 2,875,660 | Corporate Bonds | Up to 30 Days | |||||||||||||||||
Barclays Capital, Inc. | 4.95 | 03/23/23 | 04/11/23 | 195,638 | 195,853 | Capital Trusts | Up to 30 Days | |||||||||||||||||
Barclays Capital, Inc. | 4.95 | 03/23/23 | 04/11/23 | 773,750 | 774,601 | Corporate Bonds | Up to 30 Days | |||||||||||||||||
Barclays Capital, Inc. | 4.95 | 03/23/23 | 04/11/23 | 1,531,875 | 1,533,560 | Capital Trusts | Up to 30 Days | |||||||||||||||||
Barclays Capital, Inc. | 4.95 | 03/23/23 | 04/11/23 | 916,250 | 917,258 | Corporate Bonds | Up to 30 Days | |||||||||||||||||
Barclays Capital, Inc. | 4.95 | 03/23/23 | 04/11/23 | 1,231,875 | 1,233,230 | Corporate Bonds | Up to 30 Days | |||||||||||||||||
Barclays Capital, Inc. | 4.95 | 03/23/23 | 04/11/23 | 1,111,187 | 1,112,410 | Corporate Bonds | Up to 30 Days | |||||||||||||||||
Barclays Capital, Inc. | 4.95 | 03/23/23 | 04/11/23 | 935,000 | 936,028 | Corporate Bonds | Up to 30 Days | |||||||||||||||||
Barclays Capital, Inc. | 4.95 | 03/23/23 | 04/11/23 | 1,048,437 | 1,049,591 | Corporate Bonds | Up to 30 Days | |||||||||||||||||
Barclays Capital, Inc. | 4.95 | 03/23/23 | 04/11/23 | 1,269,375 | 1,270,771 | Corporate Bonds | Up to 30 Days | |||||||||||||||||
Barclays Capital, Inc. | 4.95 | 03/23/23 | 04/11/23 | 2,244,000 | 2,246,468 | Corporate Bonds | Up to 30 Days | |||||||||||||||||
Barclays Capital, Inc. | 4.95 | 03/23/23 | 04/11/23 | 166,500 | 166,683 | Capital Trusts | Up to 30 Days | |||||||||||||||||
Barclays Capital, Inc. | 4.95 | 03/23/23 | 04/11/23 | 170,000 | 170,187 | Capital Trusts | Up to 30 Days | |||||||||||||||||
J.P. Morgan Securities LLC | 0.75 | 03/23/23 | 04/12/23 | 179,781 | 179,811 | Corporate Bonds | Up to 30 Days | |||||||||||||||||
J.P. Morgan Securities LLC | 4.00 | 03/23/23 | 04/12/23 | 386,198 | 386,541 | Corporate Bonds | Up to 30 Days | |||||||||||||||||
J.P. Morgan Securities LLC | 4.75 | 03/23/23 | 04/12/23 | 202,563 | 202,776 | Corporate Bonds | Up to 30 Days | |||||||||||||||||
J.P. Morgan Securities LLC | 4.90 | 03/23/23 | 04/12/23 | 1,467,500 | 1,469,098 | Corporate Bonds | Up to 30 Days | |||||||||||||||||
J.P. Morgan Securities LLC | 4.90 | 03/23/23 | 04/12/23 | 398,750 | 399,184 | Corporate Bonds | Up to 30 Days | |||||||||||||||||
J.P. Morgan Securities LLC | 4.90 | 03/23/23 | 04/12/23 | 2,020,000 | 2,022,200 | Corporate Bonds | Up to 30 Days | |||||||||||||||||
J.P. Morgan Securities LLC | 4.90 | 03/23/23 | 04/12/23 | 1,601,250 | 1,602,994 | Corporate Bonds | Up to 30 Days | |||||||||||||||||
J.P. Morgan Securities LLC | 4.90 | 03/23/23 | 04/12/23 | 465,000 | 465,506 | Corporate Bonds | Up to 30 Days | |||||||||||||||||
J.P. Morgan Securities LLC | 4.90 | 03/23/23 | 04/12/23 | 72,800 | 72,879 | Corporate Bonds | Up to 30 Days | |||||||||||||||||
J.P. Morgan Securities LLC | 4.90 | 03/23/23 | 04/12/23 | 253,208 | 253,483 | Corporate Bonds | Up to 30 Days | |||||||||||||||||
J.P. Morgan Securities LLC | 4.90 | 03/23/23 | 04/12/23 | 192,750 | 192,960 | Corporate Bonds | Up to 30 Days | |||||||||||||||||
J.P. Morgan Securities LLC | 4.95 | 03/23/23 | 04/12/23 | 1,095,500 | 1,096,705 | Corporate Bonds | Up to 30 Days | |||||||||||||||||
J.P. Morgan Securities LLC | 4.95 | 03/23/23 | 04/12/23 | 564,822 | 565,444 | Corporate Bonds | Up to 30 Days | |||||||||||||||||
J.P. Morgan Securities LLC | 4.95 | 03/23/23 | 04/12/23 | 285,416 | 285,730 | Corporate Bonds | Up to 30 Days | |||||||||||||||||
J.P. Morgan Securities LLC | 4.95 | 03/23/23 | 04/12/23 | 214,625 | 214,861 | Corporate Bonds | Up to 30 Days | |||||||||||||||||
J.P. Morgan Securities LLC | 4.95 | 03/23/23 | 04/12/23 | 136,518 | 136,668 | Corporate Bonds | Up to 30 Days | |||||||||||||||||
J.P. Morgan Securities LLC | 4.95 | 03/23/23 | 04/12/23 | 267,000 | 267,294 | Corporate Bonds | Up to 30 Days | |||||||||||||||||
J.P. Morgan Securities LLC | 4.95 | 03/23/23 | 04/12/23 | 738,560 | 739,372 | Corporate Bonds | Up to 30 Days | |||||||||||||||||
J.P. Morgan Securities LLC | 4.95 | 03/23/23 | 04/12/23 | 1,145,375 | 1,146,635 | Corporate Bonds | Up to 30 Days |
S C H E D U L E O F I N V E S T M E N T S | 26 |
Schedule of Investments (unaudited) (continued) March 31, 2023 | BlackRock Core Bond Trust (BHK) |
Reverse Repurchase Agreements (continued)
Counterparty | Interest Rate | Trade Date | Maturity Date(a) | Face Value | Face Value Including Accrued Interest | Type of Non-Cash Underlying Collateral | Remaining Contractual Maturity of the Agreements(a) | |||||||||||||||||
J.P. Morgan Securities LLC | 5.00 | % | 03/23/23 | 04/12/23 | $ | 1,827,500 | $ | 1,829,531 | Corporate Bonds | Up to 30 Days | ||||||||||||||
BofA Securities, Inc. | 3.65 | 03/23/23 | 05/10/23 | 89,688 | 89,760 | Corporate Bonds | 31 - 90 Days | |||||||||||||||||
BofA Securities, Inc. | 4.50 | 03/23/23 | 05/10/23 | 101,723 | 101,824 | Corporate Bonds | 31 - 90 Days | |||||||||||||||||
BofA Securities, Inc. | 4.65 | 03/23/23 | 05/10/23 | 519,971 | 520,509 | Corporate Bonds | 31 - 90 Days | |||||||||||||||||
BofA Securities, Inc. | 4.72 | 03/23/23 | 05/10/23 | 1,801,700 | 1,803,590 | Corporate Bonds | 31 - 90 Days | |||||||||||||||||
BofA Securities, Inc. | 4.75 | 03/23/23 | 05/10/23 | 745,987 | 746,775 | Corporate Bonds | 31 - 90 Days | |||||||||||||||||
BofA Securities, Inc. | 4.75 | 03/23/23 | 05/10/23 | 293,625 | 293,935 | Corporate Bonds | 31 - 90 Days | |||||||||||||||||
BofA Securities, Inc. | 4.82 | 03/23/23 | 05/10/23 | 138,698 | 138,846 | Foreign Agency Obligations | 31 - 90 Days | |||||||||||||||||
BofA Securities, Inc. | 4.85 | 03/23/23 | 05/10/23 | 75,500 | 75,581 | Corporate Bonds | 31 - 90 Days | |||||||||||||||||
BofA Securities, Inc. | 4.85 | 03/23/23 | 05/10/23 | 837,356 | 838,259 | Corporate Bonds | 31 - 90 Days | |||||||||||||||||
BofA Securities, Inc. | 4.85 | 03/23/23 | 05/10/23 | 107,540 | 107,656 | Corporate Bonds | 31 - 90 Days | |||||||||||||||||
BofA Securities, Inc. | 4.85 | 03/23/23 | 05/10/23 | 672,330 | 673,055 | Corporate Bonds | 31 - 90 Days | |||||||||||||||||
BofA Securities, Inc. | 4.89 | 03/23/23 | 05/10/23 | 1,660,762 | 1,662,567 | Corporate Bonds | 31 - 90 Days | |||||||||||||||||
BofA Securities, Inc. | 4.90 | 03/23/23 | 05/10/23 | 1,355,000 | 1,356,475 | Corporate Bonds | 31 - 90 Days | |||||||||||||||||
BofA Securities, Inc. | 4.90 | 03/23/23 | 05/10/23 | 2,398,425 | 2,401,037 | Capital Trusts | 31 - 90 Days | |||||||||||||||||
BofA Securities, Inc. | 4.90 | 03/23/23 | 05/10/23 | 223,763 | 224,006 | Corporate Bonds | 31 - 90 Days | |||||||||||||||||
BofA Securities, Inc. | 4.90 | 03/23/23 | 05/10/23 | 551,025 | 551,625 | Corporate Bonds | 31 - 90 Days | |||||||||||||||||
BofA Securities, Inc. | 4.90 | 03/23/23 | 05/10/23 | 470,250 | 470,762 | Corporate Bonds | 31 - 90 Days | |||||||||||||||||
BofA Securities, Inc. | 4.90 | 03/23/23 | 05/10/23 | 362,971 | 363,366 | Corporate Bonds | 31 - 90 Days | |||||||||||||||||
BofA Securities, Inc. | 4.90 | 03/23/23 | 05/10/23 | 76,840 | 76,924 | Corporate Bonds | 31 - 90 Days | |||||||||||||||||
BofA Securities, Inc. | 4.90 | 03/23/23 | 05/10/23 | 359,115 | 359,506 | Corporate Bonds | 31 - 90 Days | |||||||||||||||||
BofA Securities, Inc. | 4.90 | 03/23/23 | 05/10/23 | 500,692 | 501,238 | Corporate Bonds | 31 - 90 Days | |||||||||||||||||
BofA Securities, Inc. | 4.90 | 03/23/23 | 05/10/23 | 69,911 | 69,987 | Corporate Bonds | 31 - 90 Days | |||||||||||||||||
BofA Securities, Inc. | 4.90 | 03/23/23 | 05/10/23 | 458,725 | 459,224 | Corporate Bonds | 31 - 90 Days | |||||||||||||||||
BofA Securities, Inc. | 4.90 | 03/23/23 | 05/10/23 | 199,583 | 199,800 | Corporate Bonds | 31 - 90 Days | |||||||||||||||||
BofA Securities, Inc. | 4.90 | 03/23/23 | 05/10/23 | 443,025 | 443,507 | Corporate Bonds | 31 - 90 Days | |||||||||||||||||
BofA Securities, Inc. | 4.90 | 03/23/23 | 05/10/23 | 317,655 | 318,001 | Corporate Bonds | 31 - 90 Days | |||||||||||||||||
BofA Securities, Inc. | 4.90 | 03/23/23 | 05/10/23 | 161,805 | 161,981 | Corporate Bonds | 31 - 90 Days | |||||||||||||||||
BofA Securities, Inc. | 4.90 | 03/23/23 | 05/10/23 | 119,850 | 119,981 | Corporate Bonds | 31 - 90 Days | |||||||||||||||||
BofA Securities, Inc. | 4.90 | 03/23/23 | 05/10/23 | 315,060 | 315,403 | Corporate Bonds | 31 - 90 Days | |||||||||||||||||
BofA Securities, Inc. | 4.90 | 03/23/23 | 05/10/23 | 380,000 | 380,414 | Corporate Bonds | 31 - 90 Days | |||||||||||||||||
BofA Securities, Inc. | 4.90 | 03/23/23 | 05/10/23 | 230,126 | 230,377 | Corporate Bonds | 31 - 90 Days | |||||||||||||||||
BofA Securities, Inc. | 4.90 | 03/23/23 | 05/10/23 | 305,138 | 305,470 | Corporate Bonds | 31 - 90 Days | |||||||||||||||||
BofA Securities, Inc. | 4.90 | 03/23/23 | 05/10/23 | 284,000 | 284,309 | Corporate Bonds | 31 - 90 Days | |||||||||||||||||
BofA Securities, Inc. | 4.90 | 03/23/23 | 05/10/23 | 148,998 | 149,160 | Corporate Bonds | 31 - 90 Days | |||||||||||||||||
BofA Securities, Inc. | 4.90 | 03/23/23 | 05/10/23 | 82,513 | 82,602 | Corporate Bonds | 31 - 90 Days | |||||||||||||||||
BofA Securities, Inc. | 4.90 | 03/23/23 | 05/10/23 | 347,700 | 348,079 | Corporate Bonds | 31 - 90 Days | |||||||||||||||||
BofA Securities, Inc. | 4.90 | 03/23/23 | 05/10/23 | 116,970 | 117,097 | Corporate Bonds | 31 - 90 Days | |||||||||||||||||
BofA Securities, Inc. | 4.90 | 03/23/23 | 05/10/23 | 127,300 | 127,439 | Corporate Bonds | 31 - 90 Days | |||||||||||||||||
BofA Securities, Inc. | 4.90 | 03/23/23 | 05/10/23 | 289,616 | 289,932 | Corporate Bonds | 31 - 90 Days | |||||||||||||||||
BofA Securities, Inc. | 4.92 | 03/23/23 | 05/10/23 | 972,500 | 973,563 | Corporate Bonds | 31 - 90 Days | |||||||||||||||||
BofA Securities, Inc. | 4.95 | 03/23/23 | 05/10/23 | 1,140,000 | 1,141,254 | Corporate Bonds | 31 - 90 Days | |||||||||||||||||
BofA Securities, Inc. | 4.95 | 03/23/23 | 05/10/23 | 922,500 | 923,515 | Corporate Bonds | 31 - 90 Days | |||||||||||||||||
BofA Securities, Inc. | 4.95 | 03/23/23 | 05/10/23 | 506,127 | 506,684 | Corporate Bonds | 31 - 90 Days | |||||||||||||||||
BofA Securities, Inc. | 4.95 | 03/23/23 | 05/10/23 | 131,920 | 132,065 | Corporate Bonds | 31 - 90 Days | |||||||||||||||||
BofA Securities, Inc. | 4.95 | 03/23/23 | 05/10/23 | 594,667 | 595,322 | Corporate Bonds | 31 - 90 Days | |||||||||||||||||
BofA Securities, Inc. | 4.95 | 03/23/23 | 05/10/23 | 116,440 | 116,568 | Corporate Bonds | 31 - 90 Days | |||||||||||||||||
BofA Securities, Inc. | 4.95 | 03/23/23 | 05/10/23 | 256,388 | 256,670 | Corporate Bonds | 31 - 90 Days | |||||||||||||||||
BofA Securities, Inc. | 4.95 | 03/23/23 | 05/10/23 | 652,500 | 653,218 | Corporate Bonds | 31 - 90 Days | |||||||||||||||||
BofA Securities, Inc. | 4.95 | 03/23/23 | 05/10/23 | 814,387 | 815,283 | Corporate Bonds | 31 - 90 Days | |||||||||||||||||
BofA Securities, Inc. | 4.95 | 03/23/23 | 05/10/23 | 89,618 | 89,716 | Corporate Bonds | 31 - 90 Days | |||||||||||||||||
BofA Securities, Inc. | 4.95 | 03/23/23 | 05/10/23 | 261,625 | 261,913 | Corporate Bonds | 31 - 90 Days | |||||||||||||||||
BofA Securities, Inc. | 4.95 | 03/23/23 | 05/10/23 | 477,300 | 477,825 | Corporate Bonds | 31 - 90 Days | |||||||||||||||||
TD Securities (USA) LLC | 5.00 | (b) | 03/23/23 | Open | 5,306,250 | 5,312,146 | Foreign Agency Obligations | Open/Demand | ||||||||||||||||
BNP Paribas S.A. | 4.75 | (b) | 03/24/23 | Open | 705,636 | 706,102 | Corporate Bonds | Open/Demand | ||||||||||||||||
BNP Paribas S.A. | 4.80 | (b) | 03/24/23 | Open | 221,875 | 222,023 | Corporate Bonds | Open/Demand | ||||||||||||||||
BNP Paribas S.A. | 4.85 | (b) | 03/24/23 | Open | 208,725 | 208,866 | Corporate Bonds | Open/Demand | ||||||||||||||||
BNP Paribas S.A. | 4.95 | (b) | 03/24/23 | Open | 1,044,240 | 1,044,958 | Capital Trusts | Open/Demand | ||||||||||||||||
Barclays Capital, Inc. | 4.95 | 03/27/23 | 04/11/23 | 107,100 | 107,174 | Capital Trusts | Up to 30 Days | |||||||||||||||||
BNP Paribas S.A. | 4.89 | (b) | 03/27/23 | Open | 75,815 | 75,856 | Corporate Bonds | Open/Demand | ||||||||||||||||
Nomura Securities International, Inc. | 4.98 | (b) | 03/27/23 | Open | 188,625 | 188,729 | Corporate Bonds | Open/Demand | ||||||||||||||||
Nomura Securities International, Inc. | 4.98 | (b) | 03/27/23 | Open | 95,018 | 95,070 | Corporate Bonds | Open/Demand |
27 |
Schedule of Investments (unaudited) (continued) March 31, 2023 | BlackRock Core Bond Trust (BHK) |
Reverse Repurchase Agreements (continued)
Counterparty | Interest Rate | Trade Date | Maturity Date(a) | Face Value | Face Value Including Accrued Interest | Type of Non-Cash Underlying Collateral | Remaining Contractual Maturity of the Agreements(a) | |||||||||||||||||
Nomura Securities International, Inc. | 4.98 | %(b) % | 03/27/23 | Open | $ | 567,015 | $ | 567,329 | Corporate Bonds | Open/Demand | ||||||||||||||
Nomura Securities International, Inc. | 4.98 | (b) | 03/27/23 | Open | 152,469 | 152,553 | Corporate Bonds | Open/Demand | ||||||||||||||||
Nomura Securities International, Inc. | 4.98 | (b) | 03/27/23 | Open | 82,250 | 82,296 | Corporate Bonds | Open/Demand | ||||||||||||||||
J.P. Morgan Securities LLC | 4.75 | 03/28/23 | 04/12/23 | 137,000 | 137,054 | Corporate Bonds | Up to 30 Days | |||||||||||||||||
J.P. Morgan Securities LLC | 4.90 | 03/28/23 | 04/12/23 | 476,746 | 476,941 | Corporate Bonds | Up to 30 Days | |||||||||||||||||
J.P. Morgan Securities LLC | 4.90 | 03/28/23 | 04/12/23 | 753,750 | 754,058 | Corporate Bonds | Up to 30 Days | |||||||||||||||||
J.P. Morgan Securities LLC | 4.95 | 03/28/23 | 04/12/23 | 187,500 | 187,577 | Corporate Bonds | Up to 30 Days | |||||||||||||||||
J.P. Morgan Securities LLC | 4.95 | 03/28/23 | 04/12/23 | 144,250 | 144,309 | Corporate Bonds | Up to 30 Days | |||||||||||||||||
J.P. Morgan Securities LLC | 4.95 | 03/28/23 | 04/12/23 | 198,389 | 198,471 | Corporate Bonds | Up to 30 Days | |||||||||||||||||
J.P. Morgan Securities LLC | 4.95 | 03/28/23 | 04/12/23 | 158,470 | 158,535 | Corporate Bonds | Up to 30 Days | |||||||||||||||||
J.P. Morgan Securities LLC | 4.95 | 03/28/23 | 04/12/23 | 819,375 | 819,713 | Corporate Bonds | Up to 30 Days | |||||||||||||||||
BNP Paribas S.A. | 4.97 | (b) | 03/28/23 | Open | 29,486,137 | 29,502,388 | U.S. Treasury Obligations | Open/Demand | ||||||||||||||||
J.P. Morgan Securities LLC | 5.00 | 03/29/23 | 04/12/23 | 806,482 | 806,707 | Corporate Bonds | Up to 30 Days | |||||||||||||||||
BofA Securities, Inc. | 3.25 | 03/30/23 | 04/12/23 | 142,500 | 142,513 | Corporate Bonds | Up to 30 Days | |||||||||||||||||
Barclays Capital, Inc. | 1.00 | (b) | 03/30/23 | Open | 151,436 | 151,440 | Corporate Bonds | Open/Demand | ||||||||||||||||
Nomura Securities International, Inc. | 4.98 | (b) | 03/30/23 | Open | 160,085 | 160,107 | Corporate Bonds | Open/Demand | ||||||||||||||||
Nomura Securities International, Inc. | 4.98 | (b) | 03/30/23 | Open | 335,000 | 335,046 | Corporate Bonds | Open/Demand | ||||||||||||||||
Nomura Securities International, Inc. | 4.98 | (b) | 03/30/23 | Open | 195,075 | 195,102 | Corporate Bonds | Open/Demand | ||||||||||||||||
TD Securities (USA) LLC | 0.00 | (b) | 03/31/23 | Open | 2,764,094 | 2,764,094 | Corporate Bonds | Open/Demand | ||||||||||||||||
TD Securities (USA) LLC | 0.00 | (b) | 03/31/23 | Open | 2,544,500 | 2,544,500 | Corporate Bonds | Open/Demand | ||||||||||||||||
TD Securities (USA) LLC | 0.00 | (b) | 03/31/23 | Open | 2,741,250 | 2,741,250 | Corporate Bonds | Open/Demand | ||||||||||||||||
TD Securities (USA) LLC | 0.00 | (b) | 03/31/23 | Open | 4,067,000 | 4,067,000 | Corporate Bonds | Open/Demand | ||||||||||||||||
TD Securities (USA) LLC | 0.00 | (b) | 03/31/23 | Open | 2,255,400 | 2,255,400 | Corporate Bonds | Open/Demand | ||||||||||||||||
TD Securities (USA) LLC | 0.00 | (b) | 03/31/23 | Open | 3,172,500 | 3,172,500 | Corporate Bonds | Open/Demand | ||||||||||||||||
TD Securities (USA) LLC | 0.00 | (b) | 03/31/23 | Open | 2,195,687 | 2,195,687 | Corporate Bonds | Open/Demand | ||||||||||||||||
TD Securities (USA) LLC | 0.00 | (b) | 03/31/23 | Open | 1,982,175 | 1,982,175 | Corporate Bonds | Open/Demand | ||||||||||||||||
TD Securities (USA) LLC | 0.00 | (b) | 03/31/23 | Open | 3,690,000 | 3,690,000 | Corporate Bonds | Open/Demand | ||||||||||||||||
TD Securities (USA) LLC | 0.00 | (b) | 03/31/23 | Open | 2,572,031 | 2,572,031 | Corporate Bonds | Open/Demand | ||||||||||||||||
|
|
|
| |||||||||||||||||||||
$ | 316,540,544 | $ | 317,256,446 | |||||||||||||||||||||
|
|
|
|
(a) | Certain agreements have no stated maturity and can be terminated by either party at any time. |
(b) | Variable rate security. Rate as of period end and maturity is the date the principal owed can be recovered through demand. |
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 | ||||||||||||||||
10-Year U.S. Ultra Long Treasury Note | 444 | 06/21/23 | $ | 53,842 | $ | 1,829,976 | ||||||||||
Ultra U.S. Treasury Bond | 480 | 06/21/23 | 67,995 | 2,508,083 | ||||||||||||
5-Year U.S. Treasury Note | 367 | 06/30/23 | 40,241 | 123,877 | ||||||||||||
|
| |||||||||||||||
4,461,936 | ||||||||||||||||
|
| |||||||||||||||
Short Contracts | ||||||||||||||||
10-Year Japanese Government Treasury Bonds | 28 | 06/13/23 | 31,236 | (629,900 | ) | |||||||||||
10-Year U.S. Treasury Note | 1,151 | 06/21/23 | 132,437 | (3,102,142 | ) | |||||||||||
2-Year U.S. Treasury Note | 22 | 06/30/23 | 4,545 | 20,479 | ||||||||||||
|
| |||||||||||||||
(3,711,563 | ) | |||||||||||||||
|
| |||||||||||||||
$ | 750,373 | |||||||||||||||
|
|
S C H E D U L E O F I N V E S T M E N T S | 28 |
Schedule of Investments (unaudited) (continued) March 31, 2023 | BlackRock Core Bond Trust (BHK) |
Forward Foreign Currency Exchange Contracts
Currency Purchased | Currency Sold | Counterparty | Settlement Date | Unrealized Appreciation (Depreciation) | ||||||||||||||||
EUR | 114,664 | USD | 122,276 | Natwest Markets PLC | 06/14/23 | $ | 2,575 | |||||||||||||
EUR | 185,152 | USD | 197,441 | Natwest Markets PLC | 06/14/23 | 4,160 | ||||||||||||||
USD | 109,001 | EUR | 100,000 | Bank of America N.A. | 06/21/23 | 75 | ||||||||||||||
USD | 294,553 | JPY | 38,640,000 | Deutsche Bank AG | 06/21/23 | 203 | ||||||||||||||
|
| |||||||||||||||||||
7,013 | ||||||||||||||||||||
|
| |||||||||||||||||||
EUR | 100,000 | USD | 108,527 | Bank of America N.A. | 04/05/23 | (71 | ) | |||||||||||||
USD | 561,151 | EUR | 527,394 | HSBC Bank PLC | 06/14/23 | (13,097 | ) | |||||||||||||
USD | 124,347 | EUR | 114,664 | Morgan Stanley & Co. International PLC | 06/14/23 | (504 | ) | |||||||||||||
USD | 115,745 | CAD | 159,000 | HSBC Bank PLC | 06/21/23 | (2,052 | ) | |||||||||||||
USD | 107,239 | EUR | 99,828 | JPMorgan Chase Bank N.A. | 06/21/23 | (1,500 | ) | |||||||||||||
USD | 28,314 | EUR | 26,000 | State Street Bank and Trust Co. | 06/21/23 | (7 | ) | |||||||||||||
USD | 222,512 | EUR | 205,969 | Toronto-Dominion Bank | 06/21/23 | (1,842 | ) | |||||||||||||
USD | 64,853 | EUR | 60,031 | UBS AG | 06/21/23 | (537 | ) | |||||||||||||
USD | 2,171,323 | EUR | 2,013,000 | UBS AG | 06/21/23 | (21,363 | ) | |||||||||||||
USD | 2,175,222 | EUR | 2,013,500 | UBS AG | 06/21/23 | (18,008 | ) | |||||||||||||
USD | 869,533 | GBP | 724,000 | Bank of America N.A. | 06/21/23 | (24,959 | ) | |||||||||||||
|
| |||||||||||||||||||
(83,940 | ) | |||||||||||||||||||
|
| |||||||||||||||||||
$ | (76,927 | ) | ||||||||||||||||||
|
|
Centrally Cleared Credit Default Swaps — Buy Protection
Reference Obligation/Index | Financing Rate Paid by the Trust | Payment Frequency | Termination Date | Notional Amount (000) | Value | Upfront Premium Paid (Received) | Unrealized Appreciation (Depreciation) | |||||||||||||||||||||
CDX.NA.HY.40.V1 | 5.00 | % | Quarterly | 06/20/28 | USD 4,550 | $ | (77,172 | ) | $ | 4,632 | $ | (81,804 | ) | |||||||||||||||
CDX.NA.IG.40.V1 | 1.00 | Quarterly | 06/20/28 | USD 25,600 | (302,719 | ) | (106,198 | ) | (196,521 | ) | ||||||||||||||||||
|
|
|
|
|
| |||||||||||||||||||||||
$ | (379,891 | ) | $ | (101,566 | ) | $ | (278,325 | ) | ||||||||||||||||||||
|
|
|
|
|
|
Centrally Cleared Interest Rate Swaps
Paid by the Trust |
Received by the Trust | Effective Date | Termination Date | Notional Amount (000) | Value | Upfront Premium Paid (Received) | Unrealized Appreciation (Depreciation) | |||||||||||||||||||||||||
Rate | Frequency | Rate | Frequency | |||||||||||||||||||||||||||||
1-Day SOFR, 4.80% | Annual | 3.53% | Annual | N/A | 11/10/52 | USD | 3,200 | $ | 340,891 | $ | 99 | $ | 340,792 | |||||||||||||||||||
1-Day SOFR, 4.80% | Annual | 3.06% | Annual | N/A | 11/28/52 | USD | 2,000 | 30,217 | 62 | 30,155 | ||||||||||||||||||||||
1-Day SOFR, 4.80% | Annual | 3.05% | Annual | N/A | 12/01/52 | USD | 1,500 | 21,045 | 46 | 20,999 | ||||||||||||||||||||||
|
|
|
|
|
| |||||||||||||||||||||||||||
$ | 392,153 | $ | 207 | $ | 391,946 | |||||||||||||||||||||||||||
|
|
|
|
|
|
OTC Credit Default Swaps — Sell Protection
Reference Obligation/Index | Financing Received by | Payment Frequency | Counterparty | Termination Date | Credit Rating(a) | Notional | Value | Upfront Premium Paid (Received) | Unrealized Appreciation (Depreciation) | |||||||||||||||||||||||||||
Casino, Guichard-Perrachon S.A. | 5.00 | % | Quarterly | JPMorgan Chase Bank N.A. | 06/20/23 | CCC+ | EUR | 10 | $ | (1,095 | ) | $ | (191 | ) | $ | (904 | ) | |||||||||||||||||||
Novafives S.A.S. | 5.00 | Quarterly | Citibank N.A. | 06/20/23 | B- | EUR | 10 | (42 | ) | (157 | ) | 115 | ||||||||||||||||||||||||
Casino, Guichard-Perrachon S.A. | 5.00 | Quarterly | BNP Paribas SA | 12/20/23 | CCC+ | EUR | 9 | (3,140 | ) | (679 | ) | (2,461 | ) | |||||||||||||||||||||||
Thyssenkrupp AG | 1.00 | Quarterly | Bank of America N.A. | 12/20/23 | BB | EUR | 10 | 11 | (155 | ) | 166 | |||||||||||||||||||||||||
Virgin Media Finance PLC | 5.00 | Quarterly | JPMorgan Chase Bank N.A. | 12/20/25 | B | EUR | 10 | 636 | 778 | (142 | ) | |||||||||||||||||||||||||
Jaguar Land Rover Automotive PLC | 5.00 | Quarterly | Credit Suisse International | 12/20/26 | B+ | EUR | 5 | (334 | ) | 173 | (507 | ) | ||||||||||||||||||||||||
Jaguar Land Rover Automotive PLC | 5.00 | Quarterly | Credit Suisse International | 12/20/26 | B+ | EUR | 25 | (1,692 | ) | 816 | (2,508 | ) | ||||||||||||||||||||||||
K&S AG | 5.00 | Quarterly | JPMorgan Chase Bank N.A. | 12/20/26 | BB+ | EUR | 10 | 1,110 | 679 | 431 | ||||||||||||||||||||||||||
CMA CGM SA | 5.00 | Quarterly | Credit Suisse International | 06/20/27 | N/R | EUR | 20 | 2,156 | 785 | 1,371 | ||||||||||||||||||||||||||
Ladbrokes Coral Group Ltd. | 1.00 | Quarterly | JPMorgan Chase Bank N.A. | 06/20/27 | BB | EUR | 10 | (492 | ) | (952 | ) | 460 | ||||||||||||||||||||||||
Ladbrokes Coral Group Ltd. | 1.00 | Quarterly | JPMorgan Chase Bank N.A. | 06/20/27 | BB | EUR | 30 | (1,477 | ) | (4,557 | ) | 3,080 |
29 |
Schedule of Investments (unaudited) (continued) March 31, 2023 | BlackRock Core Bond Trust (BHK) |
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 | Value | Upfront Premium Paid (Received) | Unrealized Appreciation (Depreciation) | |||||||||||||||||||||||||||||
Adler Real Estate AG | 5.00 | % | Quarterly | Bank of America N.A. | 12/20/27 | CCC- | EUR | 5 | $ | (1,716 | ) | $ | (1,210 | ) | $ | (506 | ) | |||||||||||||||||||||
Adler Real Estate AG | 5.00 | Quarterly | Barclays Bank PLC | 12/20/27 | CCC- | EUR | 3 | (1,030 | ) | (716 | ) | (314 | ) | |||||||||||||||||||||||||
Adler Real Estate AG | 5.00 | Quarterly | Barclays Bank PLC | 12/20/27 | CCC- | EUR | 9 | (2,899 | ) | (2,014 | ) | (885 | ) | |||||||||||||||||||||||||
Adler Real Estate AG | 5.00 | Quarterly | Citibank N.A. | 12/20/27 | CCC- | EUR | 3 | (840 | ) | (600 | ) | (240 | ) | |||||||||||||||||||||||||
Adler Real Estate AG | 5.00 | Quarterly | JPMorgan Chase Bank N.A. | 12/20/27 | CCC- | EUR | 6 | (1,760 | ) | (1,246 | ) | (514 | ) | |||||||||||||||||||||||||
Adler Real Estate AG | 5.00 | Quarterly | Morgan Stanley & Co. International PLC | 12/20/27 | CCC- | EUR | 4 | (1,276 | ) | (891 | ) | (385 | ) | |||||||||||||||||||||||||
Loxam SAS | 5.00 | Quarterly | Bank of America N.A. | 12/20/27 | B | EUR | 10 | (1,036 | ) | (736 | ) | (300 | ) | |||||||||||||||||||||||||
United Group B.V. | 5.00 | Quarterly | Bank of America N.A. | 12/20/27 | B | EUR | 14 | (2,670 | ) | (2,003 | ) | (667 | ) | |||||||||||||||||||||||||
United Group B.V. | 5.00 | Quarterly | JPMorgan Chase Bank N.A. | 12/20/27 | B | EUR | 16 | (3,236 | ) | (2,601 | ) | (635 | ) | |||||||||||||||||||||||||
CMBX.NA.15 | 3.00 | Monthly | Morgan Stanley & Co. International PLC | 11/15/64 | N/R | USD | 4,710 | (1,341,761 | ) | (880,956 | ) | (460,805 | ) | |||||||||||||||||||||||||
|
|
|
|
|
| |||||||||||||||||||||||||||||||||
$ | (1,362,583 | ) | $ | (896,433 | ) | $ | (466,150 | ) | ||||||||||||||||||||||||||||||
|
|
|
|
|
|
(a) | Using the rating of the issuer or the underlying securities of the index, as applicable, provided by S&P Global Ratings. |
(b) | The maximum potential amount the Trust may pay should a negative credit event take place as defined under the terms of the agreement. |
Fair Value Hierarchy as of Period End
Various inputs are used in determining the fair value of financial instruments. These inputs to valuation techniques are categorized into a fair value hierarchy consisting of three broad levels for financial reporting purposes as follows:
• | Level 1 – Unadjusted price quotations in active markets/exchanges for identical assets or liabilities that the Trust has the ability to access; |
• | Level 2 – Other observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are active, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the assets or liabilities (such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates) or other market–corroborated inputs); and |
• | Level 3 – Unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available (including the Valuation Committee’s assumptions used in determining the fair value of financial instruments). |
The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the fair value hierarchy classification is determined based on the lowest level input that is significant to the fair value measurement in its entirety. Investments classified within Level 3 have significant unobservable inputs used by the Valuation Committee in determining the price for Fair Valued Investments. Level 3 investments include equity or debt issued by privately held companies or funds. There may not be a secondary market, and/or there are a limited number of investors. The categorization of a value determined for financial instruments is based on the pricing transparency of the financial instruments and is not necessarily an indication of the risks associated with investing in those securities. For information about the Trust’s policy regarding valuation of financial instruments, refer to its most recent financial statements.
The following table summarizes the Trust’s financial instruments categorized in the fair value hierarchy. The breakdown of the Trust’s financial instruments into major categories is disclosed in the Schedule of Investments above.
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Assets | ||||||||||||||||
Investments | ||||||||||||||||
Long-Term Investments | ||||||||||||||||
Asset-Backed Securities | $ | — | $ | 85,356,464 | $ | 789,736 | $ | 86,146,200 | ||||||||
Corporate Bonds | — | 418,457,525 | 2,107,872 | 420,565,397 | ||||||||||||
Floating Rate Loan Interests | — | 20,065,968 | 609,206 | 20,675,174 | ||||||||||||
Foreign Agency Obligations | — | 12,262,435 | — | 12,262,435 | ||||||||||||
Municipal Bonds | — | 20,829,004 | — | 20,829,004 | ||||||||||||
Non-Agency Mortgage-Backed Securities | — | 70,807,137 | — | 70,807,137 | ||||||||||||
Preferred Securities | ||||||||||||||||
Capital Trusts | — | 30,913,212 | — | 30,913,212 | ||||||||||||
Preferred Stocks | ||||||||||||||||
Capital Markets | 1,649,530 | — | — | 1,649,530 | ||||||||||||
Financial Services | — | 17,200 | — | 17,200 | ||||||||||||
Trust Preferred | 844,299 | — | — | 844,299 |
S C H E D U L E O F I N V E S T M E N T S | 30 |
Schedule of Investments (unaudited) (continued) March 31, 2023 | BlackRock Core Bond Trust (BHK) |
Fair Value Hierarchy as of Period End (continued)
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
U.S. Government Sponsored Agency Securities | $ | — | $ | 144,326,728 | $ | — | $ | 144,326,728 | ||||||||
U.S. Treasury Obligations | — | 115,476,454 | — | 115,476,454 | ||||||||||||
Short-Term Securities | ||||||||||||||||
Money Market Funds | 8,230,152 | — | — | 8,230,152 | ||||||||||||
Liabilities | ||||||||||||||||
Investments | ||||||||||||||||
TBA Sale Commitments | — | (7,515,129 | ) | — | (7,515,129 | ) | ||||||||||
Unfunded Floating Rate Loan Interests(a) | — | (6,077 | ) | — | (6,077 | ) | ||||||||||
|
|
|
|
|
|
|
| |||||||||
$ | 10,723,981 | $ | 910,990,921 | $ | 3,506,814 | $ | 925,221,716 | |||||||||
|
|
|
|
|
|
|
| |||||||||
Derivative Financial Instruments(b) | ||||||||||||||||
Assets | ||||||||||||||||
Credit Contracts | $ | — | $ | 5,623 | $ | — | $ | 5,623 | ||||||||
Foreign Currency Exchange Contracts | — | 7,013 | — | 7,013 | ||||||||||||
Interest Rate Contracts | 4,482,415 | 391,946 | — | 4,874,361 | ||||||||||||
Liabilities | ||||||||||||||||
Credit Contracts | — | (750,098 | ) | — | (750,098 | ) | ||||||||||
Foreign Currency Exchange Contracts | — | (83,940 | ) | — | (83,940 | ) | ||||||||||
Interest Rate Contracts | (3,732,042 | ) | — | — | (3,732,042 | ) | ||||||||||
|
|
|
|
|
|
|
| |||||||||
$ | 750,373 | $ | (429,456 | ) | $ | — | $ | 320,917 | ||||||||
|
|
|
|
|
|
|
|
(a) | Unfunded floating rate loan interests are valued at the unrealized appreciation (depreciation) on the commitment. |
(b) | 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. |
The Trust may hold assets and/or liabilities in which the fair value approximates the carrying amount or face value, including accrued interest, for financial reporting purposes. As of period end, reverse repurchase agreements of $317,256,446 are categorized as Level 2 within the fair value hierarchy.
A reconciliation of Level 3 financial instruments is presented when the Trust had a significant amount of Level 3 investments and derivative financial instruments at the beginning and/or end of the period in relation to net assets. The following table is a reconciliation of Level 3 investments for which significant unobservable inputs were used in determining fair value:
Asset-Backed Securities | Corporate Bonds | Floating Rate Loan Interests | Non-Agency Mortgage-Backed Securities | Total | ||||||||||||||||
Assets | ||||||||||||||||||||
Opening balance, as of December 31, 2022 | $ | 1,619,981 | $ | 4,333,458 | $ | 135,835 | $ | 477,212 | $ | 6,566,486 | ||||||||||
Transfers into Level 3 | — | — | 285,485 | — | 285,485 | |||||||||||||||
Transfers out of Level 3 | (726,572 | ) | (2,243,169 | ) | — | (477,212 | ) | (3,446,953 | ) | |||||||||||
Accrued discounts/premiums | (14,466 | ) | — | 162 | — | (14,304 | ) | |||||||||||||
Net realized gain (loss) | 164 | — | (857 | ) | — | (693 | ) | |||||||||||||
Net change in unrealized appreciation (depreciation)(a) | 23,544 | 48,158 | (94 | ) | — | 71,608 | ||||||||||||||
Purchases | — | — | 217,291 | — | 217,291 | |||||||||||||||
Sales | (112,915 | ) | (30,575 | ) | (28,616 | ) | — | (172,106 | ) | |||||||||||
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Closing balance, as of March 31, 2023 | $ | 789,736 | $ | 2,107,872 | $ | 609,206 | $ | — | $ | 3,506,814 | ||||||||||
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Net change in unrealized appreciation (depreciation) on investments still held at March 31, 2023(a) | $ | 23,544 | $ | 48,158 | $ | (94 | ) | $ | — | $ | 71,608 | |||||||||
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(a) | Any difference between net change in unrealized appreciation (depreciation) and net change in unrealized appreciation (depreciation) on investments still held at March 31, 2023 is generally due to investments no longer held or categorized as Level 3 at period end. |
31 |
Schedule of Investments (unaudited) (continued) March 31, 2023 | BlackRock Core Bond Trust (BHK) |
Currency Abbreviation | ||
CAD | Canadian Dollar | |
EUR | Euro | |
GBP | British Pound | |
JPY | Japanese Yen | |
USD | United States Dollar | |
Portfolio Abbreviation | ||
AGM | Assured Guaranty Municipal Corp. | |
BAB | Build America Bond | |
BAM | Build America Mutual Assurance Co. | |
CDI | CREST Depository Interest | |
CLO | Collateralized Loan Obligation | |
CMT | Constant Maturity Treasury | |
DAC | Designated Activity Company | |
EURIBOR | Euro Interbank Offered Rate | |
GO | General Obligation Bonds | |
LIBOR | London Interbank Offered Rate | |
PCL | Public Company Limited | |
PIK | Payment-in-Kind | |
RB | Revenue Bond | |
SG | Syncora Guarantee | |
SOFR | Secured Overnight Financing Rate | |
SOFR CME | Secured Overnight Financing Rate Chicago Mercantile Exchange | |
SOFRTE | Term Secured Overnight Financing Rate | |
TBA | To-Be-Announced |
S C H E D U L E O F I N V E S T M E N T S | 32 |