Schedule of Investments (unaudited) January 31, 2021 | BlackRock GA Dynamic Equity Fund (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Common Stocks | ||||||||
Argentina — 0.0% | ||||||||
Globant SA(a) | 15 | $ | 2,880 | |||||
|
| |||||||
Australia — 0.1% | ||||||||
BHP Group PLC | 220 | 6,029 | ||||||
|
| |||||||
Brazil — 0.1% | ||||||||
Magazine Luiza SA | 416 | 1,921 | ||||||
Petroleo Brasileiro SA, ADR | 54 | 543 | ||||||
Vale SA, ADR | 307 | 4,958 | ||||||
|
| |||||||
7,422 | ||||||||
Canada — 1.0% | ||||||||
Enbridge, Inc. | 2,219 | 74,548 | ||||||
|
| |||||||
Cayman Islands — 0.1% | ||||||||
Highland Transcend Partners Unit(a) | 372 | 3,999 | ||||||
|
| |||||||
Chile — 0.0% | ||||||||
Sociedad Quimica y Minera de Chile SA, ADR | 21 | 1,070 | ||||||
|
| |||||||
China — 3.8% | ||||||||
AAC Technologies Holdings, Inc. | 500 | 2,711 | ||||||
Aier Eye Hospital Group Co. Ltd., Class A | 310 | 3,776 | ||||||
Alibaba Group Holding Ltd.(a) | 200 | 6,347 | ||||||
Alibaba Group Holding Ltd., ADR(a) | 103 | 26,145 | ||||||
Amoy Diagnostics Co. Ltd., Class A | 100 | 1,153 | ||||||
Asymchem Laboratories Tianjin Co. Ltd., Class A | 100 | 4,540 | ||||||
Autobio Diagnostics Co. Ltd., Class A | 100 | 2,048 | ||||||
BYD Co. Ltd., Class A | 300 | 11,387 | ||||||
China Merchants Bank Co. Ltd., Class H | 500 | 3,829 | ||||||
Contemporary Amperex Technology Co. Ltd., Class A | 333 | 18,061 | ||||||
ENN Energy Holdings Ltd. | 100 | 1,542 | ||||||
Ganfeng Lithium Co. Ltd., Class H(b) | 200 | 2,790 | ||||||
Glodon Co. Ltd., Class A | 200 | 2,566 | ||||||
Guangdong Marubi Biotechnology Co. Ltd., Class A | 100 | 722 | ||||||
Guangzhou Baiyun International Airport Co. Ltd., Class A | 1,300 | 2,770 | ||||||
Haier Smart Home Co. Ltd., Class A | 400 | 1,968 | ||||||
Hangzhou Robam Appliances Co. Ltd., Class A | 300 | 1,786 | ||||||
Hangzhou Tigermed Consulting Co. Ltd., | 100 | 2,199 | ||||||
Han’s Laser Technology Industry Group Co. Ltd., Class A | 500 | 3,308 | ||||||
Hansoh Pharmaceutical Group Co. Ltd.(a)(b) | 2,000 | 10,893 | ||||||
Huazhu Group Ltd., ADR | 88 | 4,268 | ||||||
Hundsun Technologies, Inc., Class A | 160 | 2,401 | ||||||
Industrial & Commercial Bank of China Ltd., | 4,000 | 2,552 | ||||||
Inner Mongolia Yili Industrial Group Co. Ltd., Class A | 300 | 2,052 | ||||||
JD.com, Inc., ADR(a) | 40 | 3,548 | ||||||
Kingdee International Software Group Co. Ltd. | 3,000 | 12,017 | ||||||
Li Auto, Inc., ADR(a) | 559 | 18,028 | ||||||
Meituan, Class B(a) | 100 | 4,611 | ||||||
NetEase, Inc., ADR | 42 | 4,830 | ||||||
New Oriental Education & Technology Group, Inc., ADR(a) | 16 | 2,680 | ||||||
Ping An Insurance Group Co. of China Ltd., Class A | 200 | 2,446 | ||||||
Shanghai International Airport Co. Ltd., Class A | 300 | 3,668 | ||||||
Shenzhen Inovance Technology Co. Ltd., Class A | 200 | 2,944 | ||||||
TAL Education Group, ADR(a) | 54 | 4,152 | ||||||
Tencent Holdings Ltd. | 700 | 62,372 | ||||||
Venus MedTech Hangzhou, Inc., Class H(a)(b) | 500 | 5,020 | ||||||
Venustech Group, Inc., Class A | 500 | 2,559 | ||||||
Want Want China Holdings Ltd. | 2,000 | 1,436 | ||||||
Wuhan Raycus Fiber Laser Technologies Co. Ltd., Class A | 200 | 2,843 | ||||||
WuXi AppTec Co. Ltd., Class A | 80 | 2,057 |
Security | Shares | Value | ||||||
China (continued) | ||||||||
Wuxi Biologics Cayman, Inc.(a)(b) | 500 | $ | 7,001 | |||||
Yifeng Pharmacy Chain Co. Ltd., Class A | 180 | 2,828 | ||||||
Yonyou Network Technology Co. Ltd., Class A | 260 | 1,732 | ||||||
Yum China Holdings, Inc. | 75 | 4,253 | ||||||
|
| |||||||
272,839 | ||||||||
Denmark — 0.0% | ||||||||
DSV Panalpina A/S | 23 | 3,589 | ||||||
|
| |||||||
Finland — 0.5% | ||||||||
Neste OYJ | 405 | 28,529 | ||||||
Nokia OYJ(a) | 873 | 4,195 | ||||||
|
| |||||||
32,724 | ||||||||
France — 3.5% | ||||||||
Arkema SA | 279 | 30,874 | ||||||
Danone SA | 693 | 46,083 | ||||||
EssilorLuxottica SA | 200 | 28,292 | ||||||
Kering SA | 4 | 2,625 | ||||||
LVMH Moet Hennessy Louis Vuitton SE | 57 | 34,462 | ||||||
Safran SA(a) | 406 | 51,037 | ||||||
Sanofi | 598 | 56,241 | ||||||
TOTAL SE | 87 | 3,667 | ||||||
|
| |||||||
253,281 | ||||||||
Germany — 4.0% | ||||||||
Adidas AG(a) | 148 | 46,928 | ||||||
Allianz SE, Registered Shares | 201 | 45,428 | ||||||
Deutsche Telekom AG, Registered Shares | 2,642 | 46,981 | ||||||
Infineon Technologies AG | 279 | 11,178 | ||||||
Siemens AG, Registered Shares | 768 | 118,994 | ||||||
Siemens Energy AG(a) | 384 | 14,250 | ||||||
|
| |||||||
283,759 | ||||||||
Hong Kong — 1.0% | ||||||||
AIA Group Ltd. | 5,200 | 62,695 | ||||||
Hang Lung Properties Ltd. | 1,000 | 2,657 | ||||||
Jardine Matheson Holdings Ltd. | 83 | 4,784 | ||||||
|
| |||||||
70,136 | ||||||||
Indonesia — 0.0% | ||||||||
Bank Central Asia Tbk PT | 1,500 | 3,608 | ||||||
|
| |||||||
Ireland — 0.8% | ||||||||
Aptiv PLC | 429 | 57,314 | ||||||
|
| |||||||
Israel — 0.4% | ||||||||
Playtika Holding Corp.(a) | 976 | 28,441 | ||||||
|
| |||||||
Italy — 2.5% | ||||||||
Enel SpA | 9,995 | 99,130 | ||||||
Intesa Sanpaolo SpA(a) | 20,558 | 44,819 | ||||||
RAI Way SpA(b) | 1,198 | 7,389 | ||||||
UniCredit SpA(a) | 3,083 | 28,095 | ||||||
|
| |||||||
179,433 | ||||||||
Japan — 3.0% | ||||||||
Astellas Pharma, Inc. | 1,800 | 29,218 | ||||||
Daifuku Co. Ltd. | 100 | 11,413 | ||||||
Hoya Corp. | 300 | 38,386 | ||||||
Kose Corp. | 100 | 16,072 | ||||||
Oriental Land Co. Ltd. | 100 | 15,651 | ||||||
Recruit Holdings Co. Ltd. | 200 | 8,700 | ||||||
Ryohin Keikaku Co. Ltd. | 300 | 7,173 | ||||||
Shin-Etsu Chemical Co. Ltd. | 300 | 52,224 |
SCHEDULE OF INVESTMENTS | 1 |
Schedule of Investments (unaudited) (continued) January 31, 2021 | BlackRock GA Dynamic Equity Fund (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Japan (continued) | ||||||||
Sony Corp. | 100 | $ | 9,571 | |||||
Suzuki Motor Corp. | 500 | 22,564 | ||||||
Z Holdings Corp. | 600 | 3,727 | ||||||
|
| |||||||
214,699 | ||||||||
Netherlands — 4.6% | ||||||||
Adyen NV(a)(b) | 15 | 31,335 | ||||||
Akzo Nobel NV | 609 | 61,996 | ||||||
ASML Holding NV | 146 | 77,943 | ||||||
ING Groep NV(a) | 6,853 | 60,933 | ||||||
Koninklijke Philips NV(a) | 802 | 43,716 | ||||||
NXP Semiconductors NV | 330 | 52,955 | ||||||
|
| |||||||
328,878 | ||||||||
Norway — 0.0% | ||||||||
LINK Mobility Group Holding ASA(a) | 338 | 1,963 | ||||||
|
| |||||||
Portugal — 0.0% | ||||||||
Jeronimo Martins SGPS SA | 123 | 2,011 | ||||||
|
| |||||||
Singapore — 0.1% | ||||||||
ComfortDelGro Corp. Ltd. | 1,300 | 1,543 | ||||||
DBS Group Holdings Ltd. | 200 | 3,771 | ||||||
United Overseas Bank Ltd. | 200 | 3,514 | ||||||
|
| |||||||
8,828 | ||||||||
South Africa — 0.1% | ||||||||
Anglo American PLC | 146 | 4,802 | ||||||
|
| |||||||
South Korea — 0.8% | ||||||||
Kakao Corp.(a) | 22 | 8,643 | ||||||
LG Chem Ltd. | 29 | 23,654 | ||||||
NCSoft Corp.(a) | 6 | 5,083 | ||||||
POSCO | 9 | 1,976 | ||||||
Samsung SDI Co. Ltd. | 25 | 16,332 | ||||||
|
| |||||||
55,688 | ||||||||
Spain — 0.5% | ||||||||
Cellnex Telecom SA(b) | 581 | 34,037 | ||||||
|
| |||||||
Sweden — 1.2% | ||||||||
Atlas Copco AB, A Shares | 81 | 4,395 | ||||||
Hexagon AB, B Shares | 50 | 4,357 | ||||||
Telefonaktiebolaget LM Ericsson, B Shares | 669 | 8,424 | ||||||
Volvo AB, B Shares(a) | 2,780 | 68,495 | ||||||
|
| |||||||
85,671 | ||||||||
Switzerland — 0.6% | ||||||||
Alcon, Inc.(a) | 71 | 5,091 | ||||||
Roche Holding AG | 93 | 32,095 | ||||||
Sika AG, Registered Shares | 15 | 4,082 | ||||||
|
| |||||||
41,268 | ||||||||
Taiwan — 2.1% | ||||||||
Cathay Financial Holding Co. Ltd. | 1,000 | 1,422 | ||||||
Chunghwa Telecom Co. Ltd. | 1,000 | 3,860 | ||||||
Formosa Chemicals & Fibre Corp. | 1,000 | 2,764 | ||||||
Formosa Plastics Corp. | 1,000 | 3,106 | ||||||
Fubon Financial Holding Co. Ltd. | 1,000 | 1,624 | ||||||
Hon Hai Precision Industry Co. Ltd. | 1,000 | 3,977 | ||||||
Nan Ya Plastics Corp. | 1,000 | 2,343 | ||||||
Taiwan Semiconductor Manufacturing Co. Ltd. | 6,000 | 126,800 | ||||||
Uni-President Enterprises Corp. | 1,000 | 2,427 | ||||||
|
| |||||||
148,323 |
Security | Shares | Value | ||||||
Thailand — 0.1% | ||||||||
Advanced Info Service PCL, Foreign Registered Shares | 400 | $ | 2,290 | |||||
Intouch Holdings PCL, Class F | 1,200 | 2,245 | ||||||
Thai Beverage PCL | 1,500 | 929 | ||||||
|
| |||||||
5,464 | ||||||||
Turkey — 0.0% | ||||||||
Turkiye Petrol Rafinerileri A/S(a) | 32 | 433 | ||||||
|
| |||||||
United Arab Emirates — 0.0% | ||||||||
NMC Health PLC(a)(c) | 504 | — | ||||||
|
| |||||||
United Kingdom — 2.4% | ||||||||
AstraZeneca PLC | 530 | 54,066 | ||||||
Rio Tinto PLC | 79 | 5,993 | ||||||
Unilever PLC | 1,121 | 65,304 | ||||||
Vodafone Group PLC | 26,050 | 44,487 | ||||||
|
| |||||||
169,850 | ||||||||
United States — 59.8% | ||||||||
Abbott Laboratories | 402 | 49,683 | ||||||
AbbVie, Inc. | 643 | 65,895 | ||||||
Air Products & Chemicals, Inc. | 278 | 74,159 | ||||||
Akamai Technologies, Inc.(a) | 30 | 3,331 | ||||||
Alphabet, Inc., Class C(a) | 94 | 172,560 | ||||||
Altair Engineering, Inc., Class A(a) | 53 | 2,964 | ||||||
Amazon.com, Inc.(a) | 53 | 169,929 | ||||||
American Tower Corp. | 296 | 67,299 | ||||||
Analog Devices, Inc. | 16 | 2,357 | ||||||
Anthem, Inc. | 162 | 48,111 | ||||||
Apellis Pharmaceuticals, Inc.(a) | 58 | 2,568 | ||||||
Apple, Inc. | 1,858 | 245,182 | ||||||
Applied Materials, Inc. | 480 | 46,406 | ||||||
Atlassian Corp. PLC, Class A(a) | 31 | 7,165 | ||||||
Autodesk, Inc.(a) | 107 | 29,685 | ||||||
Bank of America Corp. | 3,179 | 94,257 | ||||||
Becton Dickinson and Co. | 142 | 37,174 | ||||||
Boston Scientific Corp.(a) | 2,004 | 71,022 | ||||||
Bristol-Myers Squibb Co. | 779 | 47,854 | ||||||
Broadcom, Inc. | 17 | 7,658 | ||||||
Cadence Design Systems, Inc.(a) | 45 | 5,868 | ||||||
Capital One Financial Corp. | 690 | 71,939 | ||||||
Charles Schwab Corp. | 445 | 22,935 | ||||||
Charter Communications, Inc., Class A(a) | 78 | 47,390 | ||||||
Ciena Corp.(a) | 13 | 694 | ||||||
Cognizant Technology Solutions Corp., Class A | 386 | 30,089 | ||||||
Comcast Corp., Class A | 1,480 | 73,364 | ||||||
ConocoPhillips | 471 | 18,854 | ||||||
Costco Wholesale Corp. | 86 | 30,309 | ||||||
Crowdstrike Holdings, Inc., Class A(a) | 35 | 7,553 | ||||||
D.R. Horton, Inc. | 719 | 55,219 | ||||||
Danimer Scientific, Inc.(a) | 66 | 2,805 | ||||||
Dell Technologies, Inc., Class C(a) | 527 | 38,413 | ||||||
Dow, Inc. | 111 | 5,761 | ||||||
Edwards Lifesciences Corp.(a) | 155 | 12,800 | ||||||
EPAM Systems, Inc.(a) | 13 | 4,478 | ||||||
Facebook, Inc., Class A(a) | 181 | 46,758 | ||||||
Fortinet, Inc.(a) | 50 | 7,238 | ||||||
Fortive Corp. | 800 | 52,864 | ||||||
Freeport-McMoRan, Inc. | 1,187 | 31,942 | ||||||
Global Payments, Inc. | 175 | 30,891 | ||||||
HCA Healthcare, Inc. | 301 | 48,906 | ||||||
Hilton Worldwide Holdings, Inc. | 96 | 9,733 | ||||||
Home Depot, Inc. | 189 | 51,185 |
2 |
Schedule of Investments (unaudited) (continued) January 31, 2021 | BlackRock GA Dynamic Equity Fund (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
United States (continued) | ||||||||
Illumina, Inc.(a) | 5 | $ | 2,132 | |||||
Inphi Corp.(a) | 6 | 1,012 | ||||||
Insulet Corp.(a) | 7 | 1,870 | ||||||
International Flavors & Fragrances, Inc. | 317 | 35,624 | ||||||
Intuitive Surgical, Inc.(a) | 20 | 14,953 | ||||||
Iovance Biotherapeutics, Inc.(a) | 39 | 1,710 | ||||||
Johnson & Johnson | 628 | 102,446 | ||||||
JPMorgan Chase & Co. | 692 | 89,040 | ||||||
L3Harris Technologies, Inc. | 356 | 61,058 | ||||||
Las Vegas Sands Corp. | 69 | 3,318 | ||||||
Liberty Media Acquisition Corp.(a) | 734 | 9,175 | ||||||
Liberty Media Corp. - Liberty SiriusXM, Class A(a) | 430 | 17,381 | ||||||
Liberty Media Corp. - Liberty SiriusXM, Class C(a) | 541 | 21,943 | ||||||
Live Nation Entertainment, Inc.(a) | 35 | 2,326 | ||||||
Lowe’s Cos., Inc. | 369 | 61,568 | ||||||
Lyft, Inc., Class A(a) | 314 | 13,960 | ||||||
Marsh & McLennan Cos., Inc. | 397 | 43,634 | ||||||
Marvell Technology Group Ltd. | 154 | 7,925 | ||||||
Mastercard, Inc., Class A | 258 | 81,603 | ||||||
McDonald’s Corp. | 258 | 53,623 | ||||||
Merck & Co., Inc. | 646 | 49,787 | ||||||
Microchip Technology, Inc. | 237 | 32,258 | ||||||
Micron Technology, Inc.(a) | 436 | 34,126 | ||||||
Microsoft Corp. | 990 | 229,640 | ||||||
MongoDB, Inc.(a) | 15 | 5,544 | ||||||
Morgan Stanley | 1,078 | 72,280 | ||||||
Nevro Corp.(a) | 11 | 1,780 | ||||||
NextEra Energy, Inc. | 1,197 | 96,801 | ||||||
NortonLifeLock, Inc. | 163 | 3,434 | ||||||
NVIDIA Corp. | 98 | 50,920 | ||||||
Okta, Inc.(a) | 34 | 8,806 | ||||||
Palantir Technologies, Inc., Class A(a) | 1,134 | 39,894 | ||||||
Palo Alto Networks, Inc.(a) | 31 | 10,873 | ||||||
PayPal Holdings, Inc.(a) | 204 | 47,799 | ||||||
Peloton Interactive, Inc., Class A(a) | 305 | 44,570 | ||||||
Petco Health & Wellness Co., Inc.(a) | 342 | 8,902 | ||||||
PPG Industries, Inc. | 448 | 60,350 | ||||||
Proofpoint, Inc.(a) | 23 | 2,969 | ||||||
PTC Therapeutics, Inc.(a) | 19 | 1,099 | ||||||
PTC, Inc.(a) | 537 | 71,373 | ||||||
PubMatic, Inc., Class A(a) | 85 | 3,379 | ||||||
Qualcomm, Inc. | 43 | 6,720 | ||||||
Qualtrics International Ltd., Class A(a) | 70 | 3,080 | ||||||
Raytheon Technologies Corp. | 542 | 36,168 | ||||||
Reinvent Technology Partners Z(a) | 285 | 3,446 | ||||||
RingCentral, Inc., Class A(a) | 7 | 2,610 | ||||||
salesforce.com, Inc.(a) | 253 | 57,067 | ||||||
Seagen, Inc.(a) | 26 | 4,271 | ||||||
Sempra Energy | 58 | 7,178 | ||||||
Sensata Technologies Holding PLC(a) | 37 | 2,017 | ||||||
ServiceNow, Inc.(a) | 53 | 28,787 | ||||||
Southwest Airlines Co. | 410 | 18,015 | ||||||
Splunk, Inc.(a) | 46 | 7,591 | ||||||
Starbucks Corp. | 403 | 39,014 |
Security | Shares | Value | ||||||
United States (continued) | ||||||||
Thermo Fisher Scientific, Inc. | 92 | $ | 46,892 | |||||
TJX Cos., Inc. | 659 | 42,202 | ||||||
T-Mobile US, Inc.(a) | 48 | 6,052 | ||||||
Toll Brothers, Inc. | 181 | 9,249 | ||||||
TransDigm Group, Inc.(a) | 7 | 3,873 | ||||||
Twilio, Inc., Class A(a) | 23 | 8,267 | ||||||
Ulta Beauty, Inc.(a) | 20 | 5,595 | ||||||
Union Pacific Corp. | 347 | 68,522 | ||||||
United Parcel Service, Inc., Class B | 335 | 51,925 | ||||||
UnitedHealth Group, Inc. | 276 | 92,068 | ||||||
Vail Resorts, Inc. | 1 | 266 | ||||||
Valero Energy Corp. | 366 | 20,653 | ||||||
Vertex Pharmaceuticals, Inc.(a) | 77 | 17,639 | ||||||
Vertiv Holdings Co. | 2,254 | 45,350 | ||||||
VMware, Inc., Class A(a) | 367 | 50,591 | ||||||
Vontier Corp.(a) | 59 | 1,913 | ||||||
Vulcan Materials Co. | 244 | 36,390 | ||||||
Walmart, Inc. | 314 | 44,114 | ||||||
Walt Disney Co.(a) | 276 | 46,415 | ||||||
Wynn Resorts Ltd. | 24 | 2,389 | ||||||
Xilinx, Inc. | 48 | 6,267 | ||||||
Zoetis, Inc. | 18 | 2,777 | ||||||
Zscaler, Inc.(a) | 25 | 4,993 | ||||||
|
| |||||||
4,286,498 | ||||||||
Zambia — 0.1% | ||||||||
First Quantum Minerals Ltd. | 584 | 9,728 | ||||||
|
| |||||||
Total Common Stocks — 93.2% | 6,679,213 | |||||||
|
| |||||||
Investment Companies |
| |||||||
United States — 0.2% | ||||||||
iShares China Large-Cap ETF(d) | 152 | 7,503 | ||||||
KraneShares Bosera MSCI China A ETF | 80 | 3,802 | ||||||
KraneShares CSI China Internet ETF | 60 | 5,208 | ||||||
|
| |||||||
Total Investment Companies — 0.2% | 16,513 | |||||||
|
| |||||||
Preferred Securities |
| |||||||
Preferred Stocks — 0.4% | ||||||||
Brazil — 0.0% | ||||||||
Itau Unibanco Holding SA, Preference Shares | 450 | 2,331 | ||||||
|
| |||||||
United States(a) — 0.4% | ||||||||
Aptiv PLC, Series A, 06/15/23 | 63 | 9,793 |
SCHEDULE OF INVESTMENTS | 3 |
Schedule of Investments (unaudited) (continued) January 31, 2021 | BlackRock GA Dynamic Equity Fund (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
| ||||||||
United States (continued) | ||||||||
Becton Dickinson and Co., Series B, 06/01/23 | 244 | $ | 13,732 | |||||
Boston Scientific Corp., Series A, 06/01/23 | 40 | 4,371 | ||||||
|
| |||||||
27,896 | ||||||||
|
| |||||||
Total Preferred Securities — 0.4% |
| 30,227 | ||||||
|
| |||||||
Total Long-Term Investments — 93.8% |
| 6,725,953 | ||||||
|
| |||||||
Short-Term Securities |
| |||||||
Money Market Funds — 5.4% | ||||||||
BlackRock Liquidity Funds, T-Fund, Institutional Class, 0.03%(d)(e) | 385,221 | 385,221 | ||||||
|
| |||||||
Total Short-Term Securities — 5.4% |
| 385,221 | ||||||
|
| |||||||
Options Purchased — 0.1% |
| 7,054 | ||||||
|
| |||||||
Total Investments Before Options Written — 99.3% |
| 7,118,228 | ||||||
|
| |||||||
Options Written — (0.2)% |
| (11,060 | ) | |||||
|
| |||||||
Total Investments, Net of Options Written — 99.1% |
| 7,107,168 | ||||||
Other Assets Less Liabilities — 0.9% |
| 62,832 | ||||||
|
| |||||||
Net Assets — 100.0% |
| $ | 7,170,000 | |||||
|
|
(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) | Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy. |
(d) | Affiliate of the Fund. |
(e) | Annualized 7-day yield as of period end. |
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 | $ | 197,858 | $ | 187,363 | (a) | $ | — | $ | — | $ | — | $ | 385,221 | 385,221 | $ | 22 | $ | — | ||||||||||||||||||
iShares China Large-Cap ETF | 6,703 | — | — | — | 800 | 7,503 | 152 | 104 | — | |||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||||||||||||||||||
$ | — | $ | 800 | $ | 392,724 | $ | 126 | $ | — | |||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
(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 | 3 | 02/25/21 | $ | 82 | $ | (2,856 | ) | |||||||||
Yen Denom Nikkei Index | 1 | 03/11/21 | 133 | 5,156 | ||||||||||||
FTSE 100 Index | 1 | 03/19/21 | 87 | (2,516 | ) | |||||||||||
S&P 500 E-Mini Index | 2 | 03/19/21 | 371 | 1,935 | ||||||||||||
|
| |||||||||||||||
1,719 |
4 |
Schedule of Investments (unaudited) (continued) January 31, 2021 | BlackRock GA Dynamic Equity Fund |
Futures Contracts (continued)
| ||||||||||||||||
Description | Number of Contracts | Expiration Date | Notional Amount (000) | Value/ Unrealized Appreciation (Depreciation) | ||||||||||||
| ||||||||||||||||
Short Contracts | ||||||||||||||||
MSCI Taiwan Index | 2 | 02/25/21 | $ | 106 | $ | 3,776 | ||||||||||
KOSPI 200 Index | 1 | 03/11/21 | 90 | (8,975 | ) | |||||||||||
|
| |||||||||||||||
(5,199 | ) | |||||||||||||||
|
| |||||||||||||||
$ | (3,480 | ) | ||||||||||||||
|
|
Forward Foreign Currency Exchange Contracts
| ||||||||||||||||||||
Currency Purchased | Currency Sold | Counterparty | Settlement Date | Unrealized Appreciation (Depreciation) | ||||||||||||||||
| ||||||||||||||||||||
INR | 4,815,000 | USD | 64,683 | HSBC Bank USA N.A. | 03/12/21 | $ | 997 | |||||||||||||
AUD | 155,000 | USD | 116,910 | Deutsche Bank AG | 03/18/21 | 1,579 | ||||||||||||||
GBP | 95,000 | USD | 127,657 | HSBC Bank USA N.A. | 03/19/21 | 2,540 | ||||||||||||||
USD | 81,925 | HKD | 635,000 | BNP Paribas S.A. | 03/19/21 | 19 | ||||||||||||||
USD | 83,632 | TWD | 2,306,000 | HSBC Bank USA N.A. | 03/19/21 | 901 | ||||||||||||||
USD | 334,644 | EUR | 272,000 | Morgan Stanley & Co. International PLC | 04/08/21 | 4,076 | ||||||||||||||
�� |
| |||||||||||||||||||
10,112 | ||||||||||||||||||||
|
| |||||||||||||||||||
CAD | 148,000 | USD | 116,290 | HSBC Bank USA N.A. | 03/19/21 | (539 | ) | |||||||||||||
CHF | 70,000 | USD | 79,247 | JPMorgan Chase Bank N.A. | 03/19/21 | (559 | ) | |||||||||||||
JPY | 32,277,000 | USD | 311,698 | Bank of America N.A. | 03/19/21 | (3,410 | ) | |||||||||||||
|
| |||||||||||||||||||
(4,508 | ) | |||||||||||||||||||
|
| |||||||||||||||||||
$ | 5,604 | |||||||||||||||||||
|
|
Exchange-Traded Options Purchased
| ||||||||||||||||||||||||
Description | Number of Contracts | Expiration Date | Exercise Price | Notional Amount (000) | Value | |||||||||||||||||||
| ||||||||||||||||||||||||
Call | ||||||||||||||||||||||||
Global Payments, Inc. | 1 | 02/19/21 | USD | 190.00 | USD | 18 | $ | 240 | ||||||||||||||||
Global Payments, Inc. | 1 | 02/19/21 | USD | 210.00 | USD | 18 | 40 | |||||||||||||||||
Mastercard, Inc., - Class A | 1 | 02/19/21 | USD | 340.00 | USD | 32 | 261 | |||||||||||||||||
Microsoft Corp. | 1 | 02/19/21 | USD | 215.00 | USD | 23 | 1,912 | |||||||||||||||||
Raytheon Technologies Corp. | 2 | 02/19/21 | USD | 65.00 | USD | 13 | 690 | |||||||||||||||||
Bank of America Corp. | 2 | 03/19/21 | USD | 25.00 | USD | 6 | 995 | |||||||||||||||||
Comcast Corp., Class A | 2 | 03/19/21 | USD | 52.50 | USD | 10 | 219 | |||||||||||||||||
Union Pacific Corp. | 1 | 03/19/21 | USD | 225.00 | USD | 20 | 113 | |||||||||||||||||
Alibaba Group Holding Ltd. - ADR | 1 | 04/16/21 | USD | 280.00 | USD | 25 | 1,067 | |||||||||||||||||
Raytheon Technologies Corp. | 2 | 05/21/21 | USD | 75.00 | USD | 13 | 442 | |||||||||||||||||
|
| |||||||||||||||||||||||
5,979 | ||||||||||||||||||||||||
|
| |||||||||||||||||||||||
Put | ||||||||||||||||||||||||
Apple, Inc. | 1 | 02/19/21 | USD | 115.00 | USD | 13 | 94 | |||||||||||||||||
Comcast Corp., Class A | 2 | 02/19/21 | USD | 47.50 | USD | 10 | 169 | |||||||||||||||||
Delphi Automotive PLC | 1 | 02/19/21 | USD | 115.00 | USD | 13 | 145 | |||||||||||||||||
Microsoft Corp. | 1 | 02/19/21 | USD | 215.00 | USD | 23 | 237 | |||||||||||||||||
|
| |||||||||||||||||||||||
645 | ||||||||||||||||||||||||
|
| |||||||||||||||||||||||
$ | 6,624 | |||||||||||||||||||||||
|
|
SCHEDULE OF INVESTMENTS | 5 |
Schedule of Investments (unaudited) (continued) January 31, 2021 | BlackRock GA Dynamic Equity Fund |
OTC Options Purchased
| ||||||||||||||||||||||||||
Description | Counterparty | Number of Contracts | Expiration Date | Exercise Price | Notional Amount (000) | Value | ||||||||||||||||||||
| ||||||||||||||||||||||||||
Call | ||||||||||||||||||||||||||
Givaudan S.A | UBS AG | 1 | 02/19/21 | CHF | 3,680.00 | CHF | 4 | $ | 48 | |||||||||||||||||
Adidas AG | Barclays Bank PLC | 30 | 03/19/21 | EUR | 310.00 | EUR | 8 | 82 | ||||||||||||||||||
LVMH Moet Hennessy Louis Vuitton SE | Barclays Bank PLC | 10 | 03/19/21 | EUR | 510.00 | EUR | 5 | 192 | ||||||||||||||||||
Starbucks Corp. | Citibank N.A. | 61 | 03/19/21 | USD | 107.50 | USD | 6 | 62 | ||||||||||||||||||
Union Pacific Corp. | Goldman Sachs International | 49 | 03/19/21 | USD | 225.00 | USD | 10 | 46 | ||||||||||||||||||
|
| |||||||||||||||||||||||||
$ | 430 | |||||||||||||||||||||||||
|
|
Exchange-Traded Options Written
| ||||||||||||||||||||||||
Description | Number of Contracts | Expiration Date | Exercise Price | Notional Amount (000) | Value | |||||||||||||||||||
| ||||||||||||||||||||||||
Call | ||||||||||||||||||||||||
Abbott Laboratories | 1 | 02/19/21 | USD | 120.00 | USD | 12 | $ | (590 | ) | |||||||||||||||
Apple, Inc. | 1 | 02/19/21 | USD | 140.00 | USD | 13 | (264 | ) | ||||||||||||||||
Bank of America Corp. | 2 | 02/19/21 | USD | 30.00 | USD | 6 | (180 | ) | ||||||||||||||||
Boston Scientific Corp. | 2 | 02/19/21 | USD | 40.00 | USD | 7 | (59 | ) | ||||||||||||||||
Comcast Corp., Class A | 2 | 02/19/21 | USD | 57.50 | USD | 10 | (17 | ) | ||||||||||||||||
Delphi Automotive PLC | 1 | 02/19/21 | USD | 135.00 | USD | 13 | (575 | ) | ||||||||||||||||
Global Payments, Inc. | 1 | 02/19/21 | USD | 220.00 | USD | 18 | (38 | ) | ||||||||||||||||
Global Payments, Inc. | 1 | 02/19/21 | USD | 230.00 | USD | 18 | (80 | ) | ||||||||||||||||
Mastercard, Inc., - Class A | 1 | 02/19/21 | USD | 370.00 | USD | 32 | (32 | ) | ||||||||||||||||
Microsoft Corp. | 1 | 02/19/21 | USD | 245.00 | USD | 23 | (227 | ) | ||||||||||||||||
Raytheon Technologies Corp. | 2 | 02/19/21 | USD | 75.00 | USD | 13 | (74 | ) | ||||||||||||||||
Starbucks Corp. | 1 | 02/19/21 | USD | 110.00 | USD | 10 | (16 | ) | ||||||||||||||||
TJX Cos., Inc. | 1 | 02/19/21 | USD | 75.00 | USD | 6 | (21 | ) | ||||||||||||||||
Bank of America Corp. | 2 | 03/19/21 | USD | 28.00 | USD | 6 | (507 | ) | ||||||||||||||||
Bank of America Corp. | 2 | 03/19/21 | USD | 30.00 | USD | 6 | (280 | ) | ||||||||||||||||
Capital One Financial Corp. | 1 | 03/19/21 | USD | 120.00 | USD | 10 | (160 | ) | ||||||||||||||||
Comcast Corp., Class A | 2 | 03/19/21 | USD | 60.00 | USD | 10 | (26 | ) | ||||||||||||||||
Dr. Horton, Inc. | 1 | 03/19/21 | USD | 95.00 | USD | 8 | (57 | ) | ||||||||||||||||
HCA Healthcare, Inc. | 1 | 03/19/21 | USD | 185.00 | USD | 16 | (272 | ) | ||||||||||||||||
Micron Technology, Inc. | 1 | 03/19/21 | USD | 87.50 | USD | 8 | (227 | ) | ||||||||||||||||
NextEra Energy, Inc. | 1 | 03/19/21 | USD | 85.00 | USD | 8 | (202 | ) | ||||||||||||||||
NextEra Energy, Inc. | 1 | 03/19/21 | USD | 92.50 | USD | 8 | (63 | ) | ||||||||||||||||
salesforce.com, Inc. | 1 | 03/19/21 | USD | 260.00 | USD | 23 | (360 | ) | ||||||||||||||||
Truist Financial Corp. | 1 | 03/19/21 | USD | 55.00 | USD | 5 | (45 | ) | ||||||||||||||||
Truist Financial Corp. | 1 | 03/19/21 | USD | 57.50 | USD | 5 | (18 | ) | ||||||||||||||||
Union Pacific Corp. | 1 | 03/19/21 | USD | 245.00 | USD | 20 | (23 | ) | ||||||||||||||||
Alibaba Group Holding Ltd. - ADR | 1 | 04/16/21 | USD | 320.00 | USD | 25 | (360 | ) | ||||||||||||||||
Microsoft Corp. | 1 | 04/16/21 | USD | 285.00 | USD | 23 | (140 | ) | ||||||||||||||||
Morgan Stanley | 2 | 04/16/21 | USD | 85.00 | USD | 13 | (97 | ) | ||||||||||||||||
Raytheon Technologies Corp. | 2 | 05/21/21 | USD | 85.00 | USD | 13 | (173 | ) | ||||||||||||||||
|
| |||||||||||||||||||||||
(5,183 | ) | |||||||||||||||||||||||
|
| |||||||||||||||||||||||
Put | ||||||||||||||||||||||||
Apple, Inc. | 1 | 02/19/21 | USD | 100.00 | USD | 13 | (27 | ) | ||||||||||||||||
Bank of America Corp. | 2 | 02/19/21 | USD | 20.00 | USD | 6 | (7 | ) | ||||||||||||||||
Boston Scientific Corp. | 2 | 02/19/21 | USD | 31.00 | USD | 7 | (50 | ) | ||||||||||||||||
Comcast Corp., Class A | 2 | 02/19/21 | USD | 42.50 | USD | 10 | (39 | ) | ||||||||||||||||
Delphi Automotive PLC | 1 | 02/19/21 | USD | 105.00 | USD | 13 | (195 | ) | ||||||||||||||||
Global Payments, Inc. | 1 | 02/19/21 | USD | 155.00 | USD | 18 | (167 | ) | ||||||||||||||||
Global Payments, Inc. | 1 | 02/19/21 | USD | 165.00 | USD | 18 | (342 | ) | ||||||||||||||||
Microsoft Corp. | 1 | 02/19/21 | USD | 185.00 | USD | 23 | (43 | ) | ||||||||||||||||
salesforce.com, Inc. | 1 | 02/19/21 | USD | 220.00 | USD | 23 | (545 | ) | ||||||||||||||||
Starbucks Corp. | 1 | 02/19/21 | USD | 80.00 | USD | 10 | (23 | ) | ||||||||||||||||
Comcast Corp., Class A | 2 | 03/19/21 | USD | 42.50 | USD | 10 | (121 | ) | ||||||||||||||||
salesforce.com, Inc. | 1 | 03/19/21 | USD | 190.00 | USD | 23 | (299 | ) | ||||||||||||||||
Truist Financial Corp. | 1 | 03/19/21 | USD | 40.00 | USD | 5 | (68 | ) | ||||||||||||||||
Union Pacific Corp. | 1 | 03/19/21 | USD | 185.00 | USD | 20 | (409 | ) |
6 |
Schedule of Investments (unaudited) (continued) January 31, 2021 | BlackRock GA Dynamic Equity Fund |
Exchange-Traded Options Written (continued)
| ||||||||||||||||||||||||
Description | Number of Contracts | Expiration Date | Exercise Price | Notional Amount (000) | Value | |||||||||||||||||||
| ||||||||||||||||||||||||
Put (continued) | ||||||||||||||||||||||||
Microsoft Corp | 1 | 04/16/21 | USD | 210.00 | USD | 23 | $ | (615 | ) | |||||||||||||||
Raytheon Technologies Corp | 2 | 05/21/21 | USD | 60.00 | USD | 13 | (566 | ) | ||||||||||||||||
|
| |||||||||||||||||||||||
(3,516 | ) | |||||||||||||||||||||||
|
| |||||||||||||||||||||||
$ | (8,699 | ) | ||||||||||||||||||||||
|
|
OTC Options Written
| ||||||||||||||||||||||||||||||
Description | Counterparty | Number of Contracts | Expiration Date | Exercise Price | Notional Amount (000) | Value | ||||||||||||||||||||||||
| ||||||||||||||||||||||||||||||
Call | ||||||||||||||||||||||||||||||
Disco Corp. | Morgan Stanley & Co. International PLC | 3 | 02/12/21 | JPY | 36,564.18 | JPY | 102 | $ | (3 | ) | ||||||||||||||||||||
FANUC Corp. | Goldman Sachs International | 6 | 02/12/21 | JPY | 28,774.09 | JPY | 164 | (12 | ) | |||||||||||||||||||||
Hoya Corp. | Morgan Stanley & Co. International PLC | 39 | 02/12/21 | JPY | 15,276.93 | JPY | 522 | (4 | ) | |||||||||||||||||||||
Keyence Corp. | UBS AG | 4 | 02/12/21 | JPY | 58,465.00 | JPY | 225 | (16 | ) | |||||||||||||||||||||
Kose Corp. | Goldman Sachs International | 9 | 02/12/21 | JPY | 17,660.53 | JPY | 151 | (15 | ) | |||||||||||||||||||||
Recruit Holdings Co. Ltd. | BNP Paribas S.A. | 28 | 02/12/21 | JPY | 4,721.15 | JPY | 127 | (11 | ) | |||||||||||||||||||||
Ryohin Keikaku Ltd. | Goldman Sachs International | 34 | 02/12/21 | JPY | 2,426.22 | JPY | 85 | (37 | ) | |||||||||||||||||||||
Shin-Etsu Chemical Co. Ltd. | Morgan Stanley & Co. International PLC | 38 | 02/12/21 | JPY | 19,430.67 | JPY | 691 | (22 | ) | |||||||||||||||||||||
Sony Corp. | Goldman Sachs International | 15 | 02/12/21 | JPY | 10,807.24 | JPY | 151 | (6 | ) | |||||||||||||||||||||
Autodesk, Inc. | Nomura International PLC | 30 | 02/19/21 | USD | 275.00 | USD | 8 | (424 | ) | |||||||||||||||||||||
Disco Corp. | Morgan Stanley & Co. International PLC | 3 | 03/12/21 | JPY | 38,226.19 | JPY | 102 | (6 | ) | |||||||||||||||||||||
FANUC Corp. | Goldman Sachs International | 6 | 03/12/21 | JPY | 30,082.01 | JPY | 164 | (16 | ) | |||||||||||||||||||||
Hoya Corp. | Morgan Stanley & Co. International PLC | 39 | 03/12/21 | JPY | 15,971.34 | JPY | 522 | (12 | ) | |||||||||||||||||||||
Keyence Corp. | UBS AG | 4 | 03/12/21 | JPY | 61,122.50 | JPY | 225 | (18 | ) | |||||||||||||||||||||
Kose Corp. | Goldman Sachs International | 9 | 03/12/21 | JPY | 18,463.28 | JPY | 151 | (23 | ) | |||||||||||||||||||||
Recruit Holdings Co. Ltd. | BNP Paribas S.A. | 28 | 03/12/21 | JPY | 4,935.74 | JPY | 127 | (13 | ) | |||||||||||||||||||||
Ryohin Keikaku Ltd. | Goldman Sachs International | 34 | 03/12/21 | JPY | 2,536.50 | JPY | 85 | (35 | ) | |||||||||||||||||||||
Shin-Etsu Chemical Co. Ltd. | Morgan Stanley & Co. International PLC | 38 | 03/12/21 | JPY | 20,313.88 | JPY | 691 | (40 | ) | |||||||||||||||||||||
Sony Corp. | Goldman Sachs International | 15 | 03/12/21 | JPY | 11,298.48 | JPY | 151 | (11 | ) | |||||||||||||||||||||
Suzuki Motor Corp. | Goldman Sachs International | 68 | 03/12/21 | JPY | 6,483.72 | JPY | 320 | (2 | ) | |||||||||||||||||||||
Adidas AG | Barclays Bank PLC | 30 | 03/19/21 | EUR | 340.00 | EUR | 8 | (16 | ) | |||||||||||||||||||||
LVMH Moet Hennessy Louis Vuitton SE | Barclays Bank PLC | 10 | 03/19/21 | EUR | 560.00 | EUR | 5 | (35 | ) | |||||||||||||||||||||
Safran SA | UBS AG | 36 | 03/19/21 | EUR | 140.00 | EUR | 4 | (6 | ) | |||||||||||||||||||||
Starbucks Corp. | Citibank N.A. | 61 | 03/19/21 | USD | 122.50 | USD | 6 | (12 | ) | |||||||||||||||||||||
Union Pacific Corp. | Goldman Sachs International | 49 | 03/19/21 | USD | 245.00 | USD | 10 | (11 | ) | |||||||||||||||||||||
Tencent Holdings Ltd. | Morgan Stanley & Co. International PLC | 65 | 04/29/21 | HKD | 807.59 | HKD | 44 | (221 | ) | |||||||||||||||||||||
|
| |||||||||||||||||||||||||||||
(1,027 | ) | |||||||||||||||||||||||||||||
|
| |||||||||||||||||||||||||||||
Put | ||||||||||||||||||||||||||||||
Givaudan S.A | UBS AG | 1 | 02/19/21 | CHF | 3,540.00 | CHF | 4 | (69 | ) | |||||||||||||||||||||
Adidas AG | Barclays Bank PLC | 30 | 03/19/21 | EUR | 260.00 | EUR | 8 | (515 | ) | |||||||||||||||||||||
Givaudan S.A | UBS AG | 1 | 03/19/21 | CHF | 3,680.00 | CHF | 4 | (187 | ) | |||||||||||||||||||||
LVMH Moet Hennessy Louis Vuitton SE | Barclays Bank PLC | 10 | 03/19/21 | EUR | 450.00 | EUR | 5 | (55 | ) | |||||||||||||||||||||
Safran SA | UBS AG | 36 | 03/19/21 | EUR | 100.00 | EUR | 4 | (197 | ) | |||||||||||||||||||||
Union Pacific Corp. | Goldman Sachs International | 49 | 03/19/21 | USD | 190.00 | USD | 10 | (311 | ) | |||||||||||||||||||||
|
| |||||||||||||||||||||||||||||
(1,334 | ) | |||||||||||||||||||||||||||||
|
| |||||||||||||||||||||||||||||
$ | (2,361 | ) | ||||||||||||||||||||||||||||
|
|
SCHEDULE OF INVESTMENTS | 7 |
Schedule of Investments (unaudited) (continued) January 31, 2021 | BlackRock GA Dynamic Equity Fund |
OTC Total Return Swaps
Reference Entity | Payment Frequency | Counterparty(a) | Termination Date | Net Notional | Accrued Unrealized Appreciation (Depreciation) | Net Value of Reference Entity | Gross Notional Amount Net Asset Percentage | |||||||||||||||||||
Equity Securities Long/Short | Monthly | Citibank N.A.(b) | 04/09/21 – 02/24/23 | $ | (9,802 | ) | $ | (1,456 | )(c) | $ | (11,134 | ) | 0.9 | % | ||||||||||||
Monthly | JPMorgan Chase Bank N.A.(d) | 02/08/23 | (42,541 | ) | (99 | )(e) | (42,627 | ) | 0.6 | |||||||||||||||||
|
|
|
|
|
| |||||||||||||||||||||
$ | (52,343 | ) | $ | (1,555 | ) | $ | (53,761 | ) | ||||||||||||||||||
|
|
|
|
|
|
(a) | The Fund receives the total return on a portfolio of long positions underlying the total return swap. The Fund pays the total return on a portfolio of short positions underlying the total return swap. In addition, the Fund pays or receives a variable rate of interest, based on a specified benchmark. The benchmark and spread are determined based upon the country and/or currency of the individual underlying positions. |
(c) | Amount includes $(124) of net dividends and financing fees. |
(e) | Amount includes $(13) of net dividends and financing fees. |
The following are the specified benchmarks (plus or minus a range) used in determining the variable rate of interest:
(b) | (d) | |||||||
Range: | 18-103 basis points | 18-96 basis points | ||||||
Benchmarks: |
| USD - 1M US Dollar LIBOR BBA | USD - 1D Overnight Bank Funding Rate (OBFR01) | |||||
USD - 1W US Dollar LIBOR BBA |
The following table represents the individual long and short positions and related values of the equity securities underlying the total return swap with Citibank N.A. as of period end, termination dates April 9, 2021 and February 24, 2023:
Security | Shares | Value | %of Basket Value | |||||||||
Reference Entity — Long |
| |||||||||||
Common Stocks | ||||||||||||
Italy | ||||||||||||
Leonardo SpA, Class A | 4,149 | $ | 28,747 | (258.2 | )% | |||||||
|
|
|
| |||||||||
Total Reference Entity — Long | 28,747 | |||||||||||
|
| |||||||||||
Reference Entity — Short |
| |||||||||||
Common Stocks | ||||||||||||
United States | ||||||||||||
Appian Corp. | (81 | ) | (17,696 | ) | 158.9 | |||||||
Doordash Inc., Class A | (97 | ) | (18,747 | ) | 168.4 | |||||||
Seagate Technology PLC | (52 | ) | (3,438 | ) | 30.9 | |||||||
|
|
|
| |||||||||
Total Reference Entity — Short | (39,881) | |||||||||||
|
| |||||||||||
Net Value of Reference Entity — Citibank N.A. | $(11,134) | |||||||||||
|
|
The following table represents the individual short positions and related values of the equity securities underlying the total return swap with JPMorgan Chase Bank N.A. as of period end, termination date February 8, 2023:
Security | Shares | Value | %of Basket Value | |||||||||
Reference Entity — Short |
| |||||||||||
Common Stocks | ||||||||||||
United States | ||||||||||||
JM Smucker Co. | (25 | ) | $ | (2,910 | ) | 6.8 | % | |||||
McCormick & Co, Inc. | (28 | ) | (2,507 | ) | 5.9 | |||||||
Snowflake Inc., Class A | (59 | ) | (16,075 | ) | 37.7 | |||||||
Unity Software Inc. | (22 | ) | (3,296 | ) | 7.7 | |||||||
Walgreens Boots Alliance, Inc. | (355 | ) | (17,839 | ) | 41.9 | |||||||
|
|
|
| |||||||||
Net Value of Reference Entity — JPMorgan Chase Bank N.A. |
| $ | (42,627 | ) | ||||||||
|
|
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
8 |
Schedule of Investments (unaudited) (continued) January 31, 2021 | BlackRock GA Dynamic Equity Fund |
Fair Value Hierarchy as of Period End (continued)
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 | ||||||||||||||||
Argentina | $ | 2,880 | $ | — | $ | — | $ | 2,880 | ||||||||
Australia | — | 6,029 | — | 6,029 | ||||||||||||
Brazil | 7,422 | — | — | 7,422 | ||||||||||||
Canada | 74,548 | — | — | 74,548 | ||||||||||||
Cayman Islands | 3,999 | — | — | 3,999 | ||||||||||||
Chile | 1,070 | — | — | 1,070 | ||||||||||||
China | 67,904 | 204,935 | — | 272,839 | ||||||||||||
Denmark | — | 3,589 | — | 3,589 | ||||||||||||
Finland | — | 32,724 | — | 32,724 | ||||||||||||
France | — | 253,281 | — | 253,281 | ||||||||||||
Germany | 14,250 | 269,509 | — | 283,759 | ||||||||||||
Hong Kong | — | 70,136 | — | 70,136 | ||||||||||||
Indonesia | — | 3,608 | — | 3,608 | ||||||||||||
Ireland | 57,314 | — | — | 57,314 | ||||||||||||
Israel | 28,441 | — | — | 28,441 | ||||||||||||
Italy | — | 179,433 | — | 179,433 | ||||||||||||
Japan | — | 214,699 | — | 214,699 | ||||||||||||
Netherlands | 52,955 | 275,923 | — | 328,878 | ||||||||||||
Norway | 1,963 | — | — | 1,963 | ||||||||||||
Portugal | 2,011 | — | — | 2,011 | ||||||||||||
Singapore | — | 8,828 | — | 8,828 | ||||||||||||
South Africa | — | 4,802 | — | 4,802 | ||||||||||||
South Korea | — | 55,688 | — | 55,688 | ||||||||||||
Spain | — | 34,037 | — | 34,037 | ||||||||||||
Sweden | — | 85,671 | — | 85,671 | ||||||||||||
Switzerland | 5,091 | 36,177 | — | 41,268 | ||||||||||||
Taiwan | — | 148,323 | — | 148,323 | ||||||||||||
Thailand | 2,245 | 3,219 | — | 5,464 | ||||||||||||
Turkey | — | 433 | — | 433 | ||||||||||||
United Arab Emirates | — | — | — | — | ||||||||||||
United Kingdom | — | 169,850 | — | 169,850 | ||||||||||||
United States | 4,286,498 | — | — | 4,286,498 | ||||||||||||
Zambia | 9,728 | — | — | 9,728 | ||||||||||||
Investment Companies | 16,513 | — | — | 16,513 | ||||||||||||
Preferred Securities | ||||||||||||||||
Preferred Stocks | 30,227 | — | — | 30,227 | ||||||||||||
Short-Term Securities | ||||||||||||||||
Money Market Funds | 385,221 | — | — | 385,221 | ||||||||||||
Options Purchased | ||||||||||||||||
Equity Contracts | 6,511 | 543 | — | 7,054 | ||||||||||||
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$ | 5,056,791 | $ | 2,061,437 | $ | — | $ | 7,118,228 | |||||||||
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Derivative Financial Instruments(a) | ||||||||||||||||
Assets | ||||||||||||||||
Equity Contracts | $ | 10,867 | $ | — | $ | — | $ | 10,867 | ||||||||
Foreign Currency Exchange Contracts | — | 10,112 | — | 10,112 |
SCHEDULE OF INVESTMENTS | 9 |
Schedule of Investments (unaudited) (continued) January 31, 2021 | BlackRock GA Dynamic Equity Fund |
Fair Value Hierarchy as of Period End (continued)
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Level 1 | Level 2 | Level 3 | Total | |||||||||||||
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Derivative Financial Instruments(a) | ||||||||||||||||
Liabilities | ||||||||||||||||
Equity Contracts | $ | (22,614 | ) | $ | (4,348 | ) | $ | — | $ | (26,962 | ) | |||||
Foreign Currency Exchange Contracts | — | (4,508 | ) | — | (4,508 | ) | ||||||||||
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$ | (11,747 | ) | $ | 1,256 | $ | — | $ | (10,491 | ) | |||||||
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(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 | ||
AUD | Australian Dollar | |
CAD | Canadian Dollar | |
CHF | Swiss Franc | |
EUR | Euro | |
GBP | British Pound | |
HKD | Hong Kong Dollar | |
INR | Indian Rupee | |
JPY | Japanese Yen | |
TWD | New Taiwan Dollar | |
USD | United States Dollar | |
Portfolio Abbreviation | ||
ADR | American Depositary Receipt | |
ETF | Exchange-Traded Fund | |
FTSE | Financial Times Stock Exchange | |
MSCI | Morgan Stanley Capital International | |
PCL | Public Company Limited | |
S&P | Standard & Poor’s |
10 |