Schedule of Investments (unaudited) January 31, 2021 | BlackRock GA Disciplined Volatility Equity Fund (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Common Stocks | ||||||||
Australia — 0.2% | ||||||||
Newcrest Mining Ltd. | 257 | $ | 4,885 | |||||
Woolworths Group Ltd. | 265 | 8,242 | ||||||
|
| |||||||
13,127 | ||||||||
Belgium — 0.2% | ||||||||
Etablissements Franz Colruyt NV | 19 | 1,172 | ||||||
Proximus SADP | 570 | 12,012 | ||||||
|
| |||||||
13,184 | ||||||||
Canada — 4.0% | ||||||||
Agnico Eagle Mines Ltd. | 352 | 24,573 | ||||||
Barrick Gold Corp. | 2,358 | 52,664 | ||||||
Empire Co. Ltd., Class A | 579 | 15,997 | ||||||
Franco-Nevada Corp. | 272 | 32,402 | ||||||
Intact Financial Corp. | 291 | 32,087 | ||||||
Loblaw Cos. Ltd. | 734 | 35,444 | ||||||
Thomson Reuters Corp. | 497 | 40,526 | ||||||
Wheaton Precious Metals Corp. | 608 | 24,971 | ||||||
|
| |||||||
258,664 | ||||||||
China — 2.5% | ||||||||
Agricultural Bank of China Ltd., Class H | 30,000 | 10,817 | ||||||
Alibaba Group Holding Ltd., ADR(a) | 89 | 22,591 | ||||||
Bank of Communications Co. Ltd., Class H | 24,000 | 12,977 | ||||||
China Construction Bank Corp., Class H | 24,000 | 18,178 | ||||||
Hansoh Pharmaceutical Group Co. Ltd.(a)(b) | 2,000 | 10,893 | ||||||
Industrial & Commercial Bank of China Ltd., | 25,000 | 15,947 | ||||||
Lenovo Group Ltd. | 14,000 | 16,295 | ||||||
NetEase, Inc., ADR | 120 | 13,799 | ||||||
Postal Savings Bank of China Co. Ltd., | 13,000 | 9,275 | ||||||
TAL Education Group, ADR(a) | 37 | 2,845 | ||||||
Tencent Holdings Ltd. | 200 | 17,821 | ||||||
ZTO Express Cayman, Inc., ADR | 287 | 9,494 | ||||||
|
| |||||||
160,932 | ||||||||
Denmark — 1.7% | ||||||||
Coloplast A/S, Class B | 170 | 25,375 | ||||||
DSV Panalpina A/S | 156 | 24,340 | ||||||
Genmab A/S(a) | 46 | 18,315 | ||||||
Novo Nordisk A/S, Class B | 317 | 22,085 | ||||||
Pandora A/S(a) | 202 | 19,438 | ||||||
|
| |||||||
109,553 | ||||||||
Finland — 0.0% | ||||||||
Elisa OYJ | 18 | 1,072 | ||||||
|
| |||||||
France — 2.5% | ||||||||
BNP Paribas SA(a) | 844 | 40,474 | ||||||
EssilorLuxottica SA | 138 | 19,521 | ||||||
Hermes International | 15 | 15,305 | ||||||
Kering SA | 25 | 16,408 | ||||||
Orange SA | 2,350 | 27,581 | ||||||
Safran SA(a) | 65 | 8,171 | ||||||
Sanofi | 204 | 19,186 | ||||||
Societe Generale SA(a) | 549 | 10,235 | ||||||
Worldline SA(a)(b) | 83 | 7,016 | ||||||
|
| |||||||
163,897 | ||||||||
Germany — 1.4% | ||||||||
Deutsche Telekom AG, Registered Shares | 822 | 14,617 | ||||||
Rational AG | 15 | 14,444 | ||||||
RWE AG | 538 | 23,112 |
Security | Shares | Value | ||||||
Germany (continued) | ||||||||
Telefonica Deutschland Holding AG | 1,876 | $ | 5,141 | |||||
Vonovia SE | 458 | 30,581 | ||||||
|
| |||||||
87,895 | ||||||||
Hong Kong — 1.2% | ||||||||
CLP Holdings Ltd. | 2,500 | 23,461 | ||||||
Guangdong Investment Ltd. | 8,000 | 14,012 | ||||||
HKT Trust & HKT Ltd., Class SS(c) | 10,000 | 13,162 | ||||||
Jardine Strategic Holdings Ltd. | 200 | 5,198 | ||||||
Power Assets Holdings Ltd. | 3,500 | 18,573 | ||||||
|
| |||||||
74,406 | ||||||||
Ireland — 0.7% | ||||||||
Medtronic PLC | 429 | 47,761 | ||||||
|
| |||||||
Italy — 0.1% | ||||||||
DiaSorin SpA | 18 | 3,936 | ||||||
|
| |||||||
Japan — 8.8% | ||||||||
Ajinomoto Co., Inc. | 1,300 | 30,740 | ||||||
Astellas Pharma, Inc. | 800 | 12,986 | ||||||
Canon, Inc. | 1,200 | 26,546 | ||||||
Daiwa House REIT Investment Corp. | 2 | 5,388 | ||||||
FUJIFILM Holdings Corp. | 200 | 11,456 | ||||||
GMO Payment Gateway, Inc. | 100 | 14,247 | ||||||
Japan Post Holdings Co. Ltd. | 1,200 | 9,543 | ||||||
KDDI Corp. | 1,500 | 44,089 | ||||||
Kirin Holdings Co. Ltd. | 900 | 19,345 | ||||||
Kose Corp. | 100 | 16,072 | ||||||
Kyushu Railway Co. | 600 | 12,601 | ||||||
Lawson, Inc. | 100 | 4,857 | ||||||
McDonald’s Holdings Co. Japan Ltd. | 200 | 9,753 | ||||||
MEIJI Holdings Co. Ltd. | 200 | 13,652 | ||||||
Mitsubishi Estate Co. Ltd. | 1,100 | 17,402 | ||||||
Mizuho Financial Group, Inc. | 910 | 11,996 | ||||||
NEC Corp. | 500 | 27,204 | ||||||
Nippon Telegraph & Telephone Corp. | 2,600 | 64,984 | ||||||
Nissan Motor Co. Ltd.(a) | 3,800 | 19,592 | ||||||
Nitori Holdings Co. Ltd. | 100 | 19,846 | ||||||
NTT Data Corp. | 1,000 | 14,361 | ||||||
Ono Pharmaceutical Co. Ltd. | 100 | 2,985 | ||||||
Pan Pacific International Holdings Corp. | 600 | 13,473 | ||||||
Recruit Holdings Co. Ltd. | 500 | 21,749 | ||||||
Shimamura Co. Ltd. | 100 | 11,106 | ||||||
Softbank Corp. | 1,600 | 21,018 | ||||||
Sony Corp. | 100 | 9,571 | ||||||
Suntory Beverage & Food Ltd. | 800 | 27,946 | ||||||
Toyo Suisan Kaisha Ltd. | 100 | 4,921 | ||||||
Yamada Holdings Co. Ltd. | 5,100 | 25,999 | ||||||
Yamazaki Baking Co. Ltd. | 1,200 | 22,093 | ||||||
|
| |||||||
567,521 | ||||||||
Luxembourg — 0.2% | ||||||||
ArcelorMittal SA(a) | 683 | 14,957 | ||||||
|
| |||||||
Netherlands — 0.4% | ||||||||
Koninklijke Ahold Delhaize NV | 857 | 24,600 | ||||||
|
| |||||||
Norway — 0.3% | ||||||||
Telenor ASA | 1,237 | 20,406 | ||||||
|
| |||||||
Singapore — 0.3% | ||||||||
Singapore Telecommunications Ltd. | 9,100 | 16,121 | ||||||
|
| |||||||
South Korea — 0.8% | ||||||||
Kakao Corp.(a) | 73 | 28,678 |
SCHEDULE OF INVESTMENTS | 1 |
Schedule of Investments (unaudited) (continued) January 31, 2021 | BlackRock GA Disciplined Volatility Equity Fund (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
South Korea (continued) | ||||||||
LG Chem Ltd. | 9 | $ | 7,341 | |||||
SK Telecom Co. Ltd. | 76 | 16,574 | ||||||
|
| |||||||
52,593 | ||||||||
Sweden — 1.3% | ||||||||
Hexagon AB, B Shares | 378 | 32,941 | ||||||
Swedbank AB, A Shares(a) | 1,014 | 19,079 | ||||||
Telefonaktiebolaget LM Ericsson, B Shares | 512 | 6,447 | ||||||
Volvo AB, B Shares(a) | 1,004 | 24,737 | ||||||
|
| |||||||
83,204 | ||||||||
Switzerland — 4.5% | ||||||||
EMS-Chemie Holding AG, Registered Shares | 5 | 4,716 | ||||||
Givaudan SA, Registered Shares | 1 | 4,029 | ||||||
Kuehne + Nagel International AG, Registered Shares | 135 | 30,720 | ||||||
Nestle SA, Registered Shares | 628 | 70,397 | ||||||
Novartis AG, Registered Shares | 217 | 19,648 | ||||||
Roche Holding AG | 220 | 75,925 | ||||||
Sika AG, Registered Shares | 103 | 28,027 | ||||||
Sonova Holding AG, Registered Shares(a) | 71 | 17,128 | ||||||
STMicroelectronics NV | 210 | 8,418 | ||||||
Straumann Holding AG, Registered Shares | 25 | 27,711 | ||||||
|
| |||||||
286,719 | ||||||||
Taiwan — 3.3% | ||||||||
Asustek Computer, Inc. | 3,000 | 30,656 | ||||||
AU Optronics Corp.(a) | 37,000 | 19,456 | ||||||
Chang Hwa Commercial Bank Ltd. | 5,449 | 3,217 | ||||||
Chicony Electronics Co. Ltd. | 4,000 | 12,335 | ||||||
China Development Financial Holding Corp. | 52,000 | 16,542 | ||||||
China Steel Corp. | 3,000 | 2,456 | ||||||
Chunghwa Telecom Co. Ltd. | 4,000 | 15,439 | ||||||
CTBC Financial Holding Co. Ltd. | 3,000 | 2,032 | ||||||
Lite-On Technology Corp. | 20,000 | 39,171 | ||||||
Mega Financial Holding Co. Ltd. | 5,000 | 5,022 | ||||||
Quanta Computer, Inc. | 3,000 | 8,631 | ||||||
Synnex Technology International Corp. | 16,000 | 25,785 | ||||||
Taiwan Cooperative Financial Holding Co. Ltd. | 49,481 | 33,831 | ||||||
|
| |||||||
214,573 | ||||||||
United Kingdom — 1.9% | ||||||||
AstraZeneca PLC | 269 | 27,441 | ||||||
Berkeley Group Holdings PLC | 433 | 24,763 | ||||||
Farfetch Ltd., Class A(a) | 35 | 2,143 | ||||||
Ferguson PLC | 243 | 28,215 | ||||||
GlaxoSmithKline PLC | 1,806 | 33,540 | ||||||
RELX PLC | 248 | 6,140 | ||||||
|
| |||||||
122,242 | ||||||||
United States — 59.3% | ||||||||
Abbott Laboratories | 245 | 30,280 | ||||||
Activision Blizzard, Inc. | 69 | 6,279 | ||||||
Adaptive Biotechnologies Corp.(a) | 298 | 16,530 | ||||||
Adobe, Inc.(a) | 17 | 7,799 | ||||||
Air Products & Chemicals, Inc. | 118 | 31,478 | ||||||
Alnylam Pharmaceuticals, Inc.(a) | 28 | 4,213 | ||||||
Alphabet, Inc., Class C(a) | 14 | 25,700 | ||||||
Altair Engineering, Inc., Class A(a) | 685 | 38,312 | ||||||
Amazon.com, Inc.(a) | 7 | 22,443 | ||||||
American Electric Power Co., Inc. | 201 | 16,263 | ||||||
American Tower Corp. | 175 | 39,788 | ||||||
American Water Works Co., Inc. | 201 | 31,963 | ||||||
Amgen, Inc. | 65 | 15,693 | ||||||
Aon PLC, Class A | 55 | 11,171 |
Security | Shares | Value | ||||||
United States (continued) | ||||||||
Applied Materials, Inc. | 539 | $ | 52,111 | |||||
AT&T, Inc. | 16 | 458 | ||||||
Automatic Data Processing, Inc. | 52 | 8,586 | ||||||
AutoZone, Inc.(a) | 8 | 8,947 | ||||||
Baxter International, Inc. | 504 | 38,722 | ||||||
Berkshire Hathaway, Inc., Class B(a) | 264 | 60,158 | ||||||
BigCommerce Holdings, Inc., Series-1(a) | 157 | 12,551 | ||||||
Black Knight, Inc.(a) | 114 | 9,313 | ||||||
Booz Allen Hamilton Holding Corp. | 152 | 12,946 | ||||||
Boston Scientific Corp.(a) | 621 | 22,008 | ||||||
Brown & Brown, Inc. | 301 | 12,970 | ||||||
C.H. Robinson Worldwide, Inc. | 441 | 37,732 | ||||||
Cadence Design Systems, Inc.(a) | 82 | 10,692 | ||||||
Campbell Soup Co. | 221 | 10,632 | ||||||
Cboe Global Markets, Inc. | 299 | 27,427 | ||||||
Charter Communications, Inc., Class A(a) | 78 | 47,390 | ||||||
Cigna Corp. | 22 | 4,775 | ||||||
Cisco Systems, Inc. | 940 | 41,905 | ||||||
Citrix Systems, Inc. | 297 | 39,593 | ||||||
Clorox Co. | 132 | 27,649 | ||||||
Colgate-Palmolive Co. | 662 | 51,636 | ||||||
Comcast Corp., Class A | 826 | 40,945 | ||||||
Consolidated Edison, Inc. | 435 | 30,789 | ||||||
Costco Wholesale Corp. | 97 | 34,186 | ||||||
Crowdstrike Holdings, Inc., Class A(a) | 314 | 67,761 | ||||||
Crown Castle International Corp. | 132 | 21,022 | ||||||
Danaher Corp. | 118 | 28,065 | ||||||
DocuSign, Inc.(a) | 103 | 23,988 | ||||||
Dollar General Corp. | 51 | 9,925 | ||||||
Dominion Energy, Inc. | 326 | 23,762 | ||||||
Domino’s Pizza, Inc. | 46 | 17,055 | ||||||
Duke Realty Corp. | 586 | 23,182 | ||||||
Dynatrace, Inc.(a) | 512 | 21,253 | ||||||
Ecolab, Inc. | 62 | 12,680 | ||||||
Edwards Lifesciences Corp.(a) | 57 | 4,707 | ||||||
Electronic Arts, Inc. | 209 | 29,929 | ||||||
Eli Lilly & Co. | 72 | 14,974 | ||||||
Evergy, Inc. | 315 | 16,925 | ||||||
Expedia Group, Inc.(a) | 145 | 17,995 | ||||||
Extra Space Storage, Inc. | 104 | 11,834 | ||||||
F5 Networks, Inc.(a) | 34 | 6,662 | ||||||
Facebook, Inc., Class A(a) | 24 | 6,200 | ||||||
Fair Isaac Corp.(a) | 17 | 7,652 | ||||||
Fortune Brands Home & Security, Inc. | 258 | 22,253 | ||||||
General Mills, Inc. | 350 | 20,335 | ||||||
Genuine Parts Co. | 213 | 19,996 | ||||||
Gilead Sciences, Inc. | 516 | 33,850 | ||||||
Global Payments, Inc. | 316 | 55,780 | ||||||
Henry Schein, Inc.(a) | 71 | 4,675 | ||||||
Hilton Worldwide Holdings, Inc.(a) | 243 | 24,638 | ||||||
Home Depot, Inc. | 163 | 44,144 | ||||||
Humana, Inc. | 23 | 8,812 | ||||||
Intel Corp. | 179 | 9,936 | ||||||
Intuit, Inc. | 105 | 37,929 | ||||||
Jack Henry & Associates, Inc. | 160 | 23,166 | ||||||
Johnson & Johnson | 134 | 21,859 | ||||||
JPMorgan Chase & Co. | 285 | 36,671 | ||||||
Kellogg Co. | 199 | 11,729 | ||||||
Keysight Technologies, Inc.(a) | 205 | 29,026 | ||||||
Kimberly-Clark Corp. | 147 | 19,419 | ||||||
Kroger Co. | 582 | 20,079 | ||||||
L3Harris Technologies, Inc. | 12 | 2,058 |
2 |
Schedule of Investments (unaudited) (continued) January 31, 2021 | BlackRock GA Disciplined Volatility Equity Fund (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
United States (continued) | ||||||||
Lam Research Corp. | 7 | $ | 3,388 | |||||
Liberty Broadband Corp., Class C(a) | 49 | 7,156 | ||||||
Lockheed Martin Corp. | 84 | 27,033 | ||||||
Lowe’s Cos., Inc. | 285 | 47,552 | ||||||
Marsh & McLennan Cos., Inc. | 363 | 39,897 | ||||||
Masco Corp. | 667 | 36,225 | ||||||
Mastercard, Inc., Class A | 165 | 52,188 | ||||||
McDonald’s Corp. | 5 | 1,039 | ||||||
Merck & Co., Inc. | 958 | 73,833 | ||||||
Micron Technology, Inc.(a) | 937 | 73,339 | ||||||
Microsoft Corp. | 338 | 78,402 | ||||||
Mondelez International, Inc., Class A | 417 | 23,118 | ||||||
Motorola Solutions, Inc. | 17 | 2,848 | ||||||
Netflix, Inc.(a) | 76 | 40,462 | ||||||
New Relic, Inc.(a) | 367 | 27,591 | ||||||
Newmont Corp. | 1,213 | 72,295 | ||||||
NextEra Energy, Inc. | 864 | 69,872 | ||||||
Oracle Corp. | 155 | 9,367 | ||||||
Paychex, Inc. | 39 | 3,405 | ||||||
Paycom Software, Inc.(a) | 73 | 27,721 | ||||||
PayPal Holdings, Inc.(a) | 104 | 24,368 | ||||||
PepsiCo, Inc. | 534 | 72,928 | ||||||
Pfizer, Inc. | 669 | 24,017 | ||||||
Procter & Gamble Co. | 271 | 34,745 | ||||||
Progressive Corp. | 118 | 10,288 | ||||||
Qualcomm, Inc. | 483 | 75,483 | ||||||
Regeneron Pharmaceuticals, Inc.(a) | 90 | 45,346 | ||||||
Republic Services, Inc., Class A | 252 | 22,811 | ||||||
salesforce.com, Inc.(a) | 265 | 59,773 | ||||||
Seagen, Inc.(a) | 159 | 26,119 | ||||||
Silk Road Medical, Inc.(a) | 303 | 16,523 | ||||||
Southern Co. | 437 | 25,748 | ||||||
Square, Inc., Class A(a) | 80 | 17,277 | ||||||
Starbucks Corp. | 98 | 9,487 | ||||||
Stryker Corp. | 172 | 38,014 | ||||||
Take-Two Interactive Software, Inc.(a) | 159 | 31,872 | ||||||
Target Corp. | 162 | 29,350 | ||||||
Teladoc Health, Inc.(a) | 29 | 7,651 | ||||||
Thermo Fisher Scientific, Inc. | 45 | 22,936 | ||||||
TJX Cos., Inc. | 542 | 34,710 | ||||||
TransDigm Group, Inc.(a) | 119 | 65,840 | ||||||
TransUnion | 89 | 7,747 | ||||||
Travelers Cos., Inc. | 183 | 24,943 | ||||||
Tyler Technologies, Inc.(a) | 2 | 846 | ||||||
U.S. Bancorp | 688 | 29,481 | ||||||
UnitedHealth Group, Inc. | 177 | 59,044 | ||||||
VeriSign, Inc.(a) | 67 | 13,003 | ||||||
Verizon Communications, Inc. | 1,458 | 79,825 | ||||||
Vertex Pharmaceuticals, Inc.(a) | 31 | 7,101 | ||||||
Viatris, Inc.(a) | 19 | 323 | ||||||
Visa, Inc., Class A | 276 | 53,337 | ||||||
Vistra Corp. | 743 | 14,838 | ||||||
Walmart, Inc. | 326 | 45,800 |
Security | Shares | Value | ||||||
United States (continued) | ||||||||
Walt Disney Co.(a) | 430 | $ | 72,313 | |||||
Waste Connections, Inc. | 226 | 22,263 | ||||||
Waste Management, Inc. | 163 | 18,145 | ||||||
WEC Energy Group, Inc. | 131 | 11,646 | ||||||
Western Union Co. | 847 | 18,863 | ||||||
Weyerhaeuser Co. | 642 | 20,024 | ||||||
Workday, Inc., Class A(a) | 147 | 33,447 | ||||||
Xilinx, Inc. | 314 | 40,999 | ||||||
Zentalis Pharmaceuticals, Inc.(a) | 204 | 7,827 | ||||||
Zillow Group, Inc., Class C(a) | 231 | 30,136 | ||||||
Zoetis, Inc. | 92 | 14,191 | ||||||
Zoom Video Communications, Inc., Class A(a) | 51 | 18,976 | ||||||
|
| |||||||
3,811,094 | ||||||||
|
| |||||||
Total Common Stocks — 95.6% | 6,148,457 | |||||||
|
| |||||||
Investment Companies | ||||||||
United States — 0.9% iShares Gold Trust(a)(d) | 3,328 | 58,406 | ||||||
|
| |||||||
Total Investment Companies — 0.9% | 58,406 | |||||||
|
| |||||||
Total Long-Term Investments — 96.5% | 6,206,863 | |||||||
|
| |||||||
Short-Term Securities | ||||||||
Money Market Funds — 4.3% | ||||||||
BlackRock Liquidity Funds, T-Fund, Institutional Class, 0.01%(d)(e) | 272,304 | 272,304 | ||||||
|
| |||||||
Total Short-Term Securities — 4.3% |
| 272,304 | ||||||
|
| |||||||
Options Purchased — 0.0% (Cost: $1,550) | 1,666 | |||||||
|
| |||||||
Total Investments Before Options Written — 100.8% |
| 6,480,833 | ||||||
|
| |||||||
Options Written — (0.0)% |
| (268 | ) | |||||
|
| |||||||
Total Investments, Net of Options Written — 100.8% |
| 6,480,565 | ||||||
Liabilities in Excess of Other Assets — (0.8)% |
| (50,603 | ) | |||||
|
| |||||||
Net Assets — 100.0% | $ | 6,429,962 | ||||||
|
|
(a) | Non-income producing security. |
(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) | A security contractually bound to one or more other securities to form a single saleable unit which cannot be sold separately. |
(d) | Affiliate of the Fund. |
(e) | Annualized 7-day yield as of period end. |
SCHEDULE OF INVESTMENTS | 3 |
Schedule of Investments (unaudited) (continued) January 31, 2021 | BlackRock GA Disciplined Volatility Equity Fund |
Affiliates
Investments in issuers considered to be affiliate(s) of the Fund during the period ended January 31, 2021 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:
| ||||||||||||||||||||||||||||||||||||
Affiliated Issuer | Value at 10/31/20 | Purchases at Cost | Proceeds from Sales | Net Realized Gain (Loss) | Change in Unrealized Appreciation (Depreciation) | Value at 01/31/21 | Shares Held at 01/31/21 | Income | Capital Gain Distributions from Underlying Funds | |||||||||||||||||||||||||||
| ||||||||||||||||||||||||||||||||||||
BlackRock Liquidity Funds, T-Fund, Institutional Class | $ | 330,505 | $ | — | $ | (58,201 | )(a) | $ | — | $ | — | $ | 272,304 | 272,304 | $ | 19 | $ | — | ||||||||||||||||||
iShares Gold Trust | 102,062 | — | (41,391 | ) | 3,261 | (5,526 | ) | 58,406 | 3,328 | — | — | |||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||||||||||||||||||
$ | 3,261 | $ | (5,526 | ) | $ | 330,710 | $ | 19 | $ | — | ||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
(a) | Represents net amount purchased (sold). |
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 | ||||||||||||||||
SGX Nifty 50 Index | 7 | 02/25/21 | $ | 192 | $ | (6,664 | ) | |||||||||
|
|
Forward Foreign Currency Exchange Contracts
| ||||||||||||||||||||
Currency Purchased | Currency Sold | Counterparty | Settlement Date | Unrealized Appreciation (Depreciation) | ||||||||||||||||
| ||||||||||||||||||||
INR | 7,812,000 | USD | 104,929 | Citibank N.A. | 03/12/21 | $ | 1,632 | |||||||||||||
|
| |||||||||||||||||||
CHF | 109,000 | USD | 123,399 | JPMorgan Chase Bank N.A. | 03/19/21 | (870 | ) | |||||||||||||
JPY | 11,650,000 | USD | 112,504 | Bank of America N.A. | 03/19/21 | (1,231 | ) | |||||||||||||
|
| |||||||||||||||||||
(2,101 | ) | |||||||||||||||||||
|
| |||||||||||||||||||
$ | (469 | ) | ||||||||||||||||||
|
|
Exchange-Traded Options Purchased
| ||||||||||||||||||||||
Description | Number of Contracts | Expiration Date | Exercise Price | Notional Amount (000) | Value | |||||||||||||||||
| ||||||||||||||||||||||
Call | ||||||||||||||||||||||
Microsoft Corp | 1 | 03/19/21 | USD | 230.00 | USD | 23 | $ | 1,193 | ||||||||||||||
|
|
OTC Options Purchased
| ||||||||||||||||||
Description | Counterparty | Expiration Date | Exercise Price | Notional Amount (000) | Value | |||||||||||||
| ||||||||||||||||||
Put | ||||||||||||||||||
USD Currency | Morgan Stanley & Co. International PLC | 04/12/21 | JPY | 103.00 | USD | 100 | $ | 473 | ||||||||||
|
|
OTC Options Written
| ||||||||||||||||||||||||||
Description | Counterparty | Expiration Date | Exercise Price | Notional Amount (000) | Value | |||||||||||||||||||||
| ||||||||||||||||||||||||||
Call | ||||||||||||||||||||||||||
USD Currency | Morgan Stanley & Co. International PLC | 04/12/21 | JPY | 108.00 | USD | 100 | $ | (152 | ) | |||||||||||||||||
|
| |||||||||||||||||||||||||
Put | ||||||||||||||||||||||||||
USD Currency | Morgan Stanley & Co. International PLC | 04/12/21 | JPY | 100.00 | USD | 100 | (116 | ) | ||||||||||||||||||
|
| |||||||||||||||||||||||||
$ | (268 | ) | ||||||||||||||||||||||||
|
|
4 |
Schedule of Investments (unaudited) (continued) January 31, 2021 | BlackRock GA Disciplined Volatility Equity Fund |
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 Fund 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 BlackRock Global Valuation Methodologies Committee’s (the “Global 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 Global Valuation Committee in determining the price for Fair Valued Investments. Level 3 investments include equity or debt issued by privately held companies or funds. There may not be a secondary market, and/or there are a limited number of investors. 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 Fund’s policy regarding valuation of financial instruments, refer to its most recent financial statements.
The following table summarizes the Fund’s investments and derivative financial instruments categorized in the disclosure hierarchy. The breakdown of the Fund’s investments into major categories is disclosed in the Schedule of Investments above.
�� | ||||||||||||||||
| ||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
| ||||||||||||||||
Assets | ||||||||||||||||
Investments | ||||||||||||||||
Long-Term Investments | ||||||||||||||||
Common Stocks | ||||||||||||||||
Australia | $ | — | $ | 13,127 | $ | — | $ | 13,127 | ||||||||
Belgium | — | 13,184 | — | 13,184 | ||||||||||||
Canada | 258,664 | — | — | 258,664 | ||||||||||||
China | 48,729 | 112,203 | — | 160,932 | ||||||||||||
Denmark | — | 109,553 | — | 109,553 | ||||||||||||
Finland | — | 1,072 | — | 1,072 | ||||||||||||
France | — | 163,897 | — | 163,897 | ||||||||||||
Germany | 14,444 | 73,451 | — | 87,895 | ||||||||||||
Hong Kong | 5,198 | 69,208 | — | 74,406 | ||||||||||||
Ireland | 47,761 | — | — | 47,761 | ||||||||||||
Italy | — | 3,936 | — | 3,936 | ||||||||||||
Japan | — | 567,521 | — | 567,521 | ||||||||||||
Luxembourg | — | 14,957 | — | 14,957 | ||||||||||||
Netherlands | — | 24,600 | — | 24,600 | ||||||||||||
Norway | — | 20,406 | — | 20,406 | ||||||||||||
Singapore | — | 16,121 | — | 16,121 | ||||||||||||
South Korea | — | 52,593 | — | 52,593 | ||||||||||||
Sweden | — | 83,204 | — | 83,204 | ||||||||||||
Switzerland | — | 286,719 | — | 286,719 | ||||||||||||
Taiwan | — | 214,573 | — | 214,573 | ||||||||||||
United Kingdom | 2,143 | 120,099 | — | 122,242 | ||||||||||||
United States | 3,811,094 | — | — | 3,811,094 | ||||||||||||
Investment Companies | 58,406 | — | — | 58,406 | ||||||||||||
Short-Term Securities | ||||||||||||||||
Money Market Funds | 272,304 | — | — | 272,304 | ||||||||||||
Options Purchased | ||||||||||||||||
Equity Contracts | 1,193 | — | — | 1,193 | ||||||||||||
Foreign Currency Exchange Contracts | — | 473 | — | 473 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
$ | 4,519,936 | $ | 1,960,897 | $ | — | $ | 6,480,833 | |||||||||
|
|
|
|
|
|
|
| |||||||||
Derivative Financial Instruments(a) | ||||||||||||||||
Assets | ||||||||||||||||
Foreign Currency Exchange Contracts | $ | — | $ | 1,632 | $ | — | $ | 1,632 |
SCHEDULE OF INVESTMENTS | 5 |
Schedule of Investments (unaudited) (continued) January 31, 2021 | BlackRock GA Disciplined Volatility Equity Fund |
Fair Value Hierarchy as of Period End (continued)
| ||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
| ||||||||||||||||
Derivative Financial Instruments(a) | ||||||||||||||||
Liabilities | ||||||||||||||||
Equity Contracts | $ | (6,664 | ) | $ | — | $ | — | $ | (6,664 | ) | ||||||
Foreign Currency Exchange Contracts | — | (2,369 | ) | — | (2,369 | ) | ||||||||||
|
|
|
|
|
|
|
| |||||||||
$ | (6,664 | ) | $ | (737 | ) | $ | — | $ | (7,401 | ) | ||||||
|
|
|
|
|
|
|
|
(a) | Derivative financial instruments are futures contracts, forward foreign currency exchange contracts and options written. 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. |
Currency Abbreviation | ||
CHF | Swiss Franc | |
INR | Indian Rupee | |
JPY | Japanese Yen | |
USD | United States Dollar | |
Portfolio Abbreviation | ||
ADR | American Depositary Receipt | |
REIT | Real Estate Investment Trust |
6 |