Schedule of Investments (unaudited) January 31, 2022 | BlackRock GA Disciplined Volatility Equity Fund (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Common Stocks | ||||||||
Belgium — 0.7% | ||||||||
Etablissements Franz Colruyt NV. | 5,820 | $ | 236,407 | |||||
Proximus SADP | 2,509 | 51,235 | ||||||
|
| |||||||
287,642 | ||||||||
Canada — 2.0% | ||||||||
Agnico Eagle Mines Ltd. | 2,189 | 104,546 | ||||||
CGI, Inc.(a) | 2,366 | 202,008 | ||||||
Franco-Nevada Corp. | 815 | 107,758 | ||||||
Loblaw Cos. Ltd. | 1,846 | 142,420 | ||||||
Thomson Reuters Corp. | 2,257 | 242,293 | ||||||
|
| |||||||
799,025 | ||||||||
China — 2.6% | ||||||||
Agricultural Bank of China Ltd., Class H | 370,000 | 140,776 | ||||||
Alibaba Group Holding Ltd., ADR(a) | 70 | 8,805 | ||||||
Bank of China Ltd., Class H | 306,000 | 119,277 | ||||||
Bank of Communications Co. Ltd., Class H | 255,000 | 171,039 | ||||||
China Construction Bank Corp., Class H | 239,000 | 183,396 | ||||||
China Feihe Ltd.(b) | 66,000 | 91,526 | ||||||
China Resources Gas Group Ltd. | 10,000 | 50,019 | ||||||
China Tower Corp. Ltd., Class H(b) | 134,000 | 16,187 | ||||||
Country Garden Services Holdings Co. Ltd. | 1,000 | 5,907 | ||||||
Industrial & Commercial Bank of China Ltd., Class H | 242,000 | 146,615 | ||||||
Postal Savings Bank of China Co. Ltd., Class H(b) | 3,000 | 2,499 | ||||||
Yadea Group Holdings Ltd.(b) | 8,000 | 11,392 | ||||||
ZTO Express Cayman, Inc., ADR | 2,650 | 79,606 | ||||||
|
| |||||||
1,027,044 | ||||||||
Denmark — 1.9% | ||||||||
DSV A/S | 853 | 173,313 | ||||||
Novo Nordisk A/S, Class B | 4,139 | 411,699 | ||||||
Pandora A/S | 1,408 | 153,106 | ||||||
|
| |||||||
738,118 | ||||||||
Finland — 0.1% | ||||||||
Elisa OYJ | 896 | 52,633 | ||||||
|
| |||||||
France — 2.2% | ||||||||
BNP Paribas SA | 1,982 | 141,494 | ||||||
Hermes International | 80 | 120,113 | ||||||
LVMH Moet Hennessy Louis Vuitton SE | 367 | 301,445 | ||||||
Orange SA | 3,538 | 41,562 | ||||||
Societe Generale SA | 4,733 | 175,691 | ||||||
Teleperformance | 261 | 98,290 | ||||||
|
| |||||||
878,595 | ||||||||
Germany — 1.4% | ||||||||
Covestro AG(b) | 2,902 | 174,099 | ||||||
Deutsche Telekom AG, Registered Shares | 4,225 | 79,764 | ||||||
Symrise AG | 570 | 68,115 | ||||||
Telefonica Deutschland Holding AG | 82,583 | 237,077 | ||||||
|
| |||||||
559,055 | ||||||||
Hong Kong — 1.7% | ||||||||
CLP Holdings Ltd. | 3,500 | 35,026 | ||||||
Guangdong Investment Ltd. | 8,000 | 11,428 | ||||||
HK Electric Investments & HK Electric Investments Ltd., Class SS | 181,000 | 180,140 | ||||||
HKT Trust & HKT Ltd., Class SS | 12,000 | 16,375 | ||||||
Hong Kong & China Gas Co. Ltd. | 85,350 | 131,546 | ||||||
Jardine Matheson Holdings Ltd. | 1,700 | 100,407 |
Security | Shares | Value | ||||||
Hong Kong (continued) | ||||||||
Link REIT | 21,400 | $ | 183,730 | |||||
Power Assets Holdings Ltd. | 3,500 | 21,506 | ||||||
|
| |||||||
680,158 | ||||||||
Ireland — 0.5% | ||||||||
Accenture PLC, Class A | 277 | 97,942 | ||||||
Medtronic PLC | 954 | 98,729 | ||||||
|
| |||||||
196,671 | ||||||||
Italy — 0.6% | ||||||||
DiaSorin SpA | 414 | 63,823 | ||||||
Ferrari NV | 740 | 170,550 | ||||||
|
| |||||||
234,373 | ||||||||
Japan — 7.0% | ||||||||
Canon, Inc. | 5,800 | 137,174 | ||||||
Capcom Co. Ltd. | 5,700 | 137,602 | ||||||
Chubu Electric Power Co., Inc. | 9,200 | 92,146 | ||||||
Chugai Pharmaceutical Co. Ltd. | 2,600 | 84,447 | ||||||
CyberAgent, Inc. | 4,700 | 54,803 | ||||||
FUJIFILM Holdings Corp. | 300 | 20,111 | ||||||
Hamamatsu Photonics KK | 100 | 5,116 | ||||||
Hirose Electric Co. Ltd. | 100 | 14,906 | ||||||
Keyence Corp. | 300 | 153,877 | ||||||
Kirin Holdings Co. Ltd. | 14,600 | 234,011 | ||||||
Koei Tecmo Holdings Co. Ltd. | 1,000 | 36,177 | ||||||
Lawson, Inc. | 1,700 | 74,509 | ||||||
McDonald’s Holdings Co. Japan Ltd. | 1,100 | 48,038 | ||||||
Mizuho Financial Group, Inc. | 8,810 | 119,340 | ||||||
NEC Corp. | 5,700 | 222,376 | ||||||
Nexon Co. Ltd. | 1,000 | 18,852 | ||||||
Nintendo Co. Ltd. | 100 | 49,004 | ||||||
Nippon Paint Holdings Co. Ltd. | 3,400 | 27,191 | ||||||
Nippon Telegraph & Telephone Corp. | 7,900 | 226,080 | ||||||
Nissin Foods Holdings Co. Ltd. | 800 | 56,746 | ||||||
Obic Co. Ltd. | 300 | 49,567 | ||||||
Oracle Corp. Japan | 2,000 | 149,581 | ||||||
Otsuka Corp. | 1,500 | 60,865 | ||||||
Pan Pacific International Holdings Corp. | 13,900 | 187,078 | ||||||
Recruit Holdings Co. Ltd. | 1,900 | 93,914 | ||||||
Rinnai Corp. | 900 | 80,375 | ||||||
Softbank Corp. | 7,200 | 90,258 | ||||||
Sony Group Corp. | 100 | 11,187 | ||||||
Suntory Beverage & Food Ltd. | 2,400 | 92,157 | ||||||
Sysmex Corp. | 400 | 38,076 | ||||||
Tobu Railway Co. Ltd. | 3,500 | 81,981 | ||||||
Toyo Suisan Kaisha Ltd. | 800 | 32,778 | ||||||
|
| |||||||
2,780,323 | ||||||||
Luxembourg — 0.2% | ||||||||
ArcelorMittal SA | 2,376 | 70,577 | ||||||
Eurofins Scientific SE | 66 | 6,626 | ||||||
|
| |||||||
77,203 | ||||||||
Netherlands — 1.9% | ||||||||
ASML Holding NV | 259 | 175,419 | ||||||
Koninklijke Ahold Delhaize NV | 8,561 | 277,587 | ||||||
Koninklijke KPN NV | 26,862 | 88,605 | ||||||
QIAGEN NV(a) | 4,216 | 208,571 | ||||||
|
| |||||||
750,182 | ||||||||
Norway — 0.1% | ||||||||
Telenor ASA | 1,867 | 30,855 | ||||||
|
|
1 |
Schedule of Investments (unaudited) (continued) January 31, 2022 | BlackRock GA Disciplined Volatility Equity Fund (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Russia — 0.2% | ||||||||
PhosAgro PJSC, GDR, Registered Shares | 3,971 | $ | 79,660 | |||||
|
| |||||||
Singapore — 0.2% | ||||||||
Singapore Telecommunications Ltd. | 46,800 | 84,859 | ||||||
|
| |||||||
South Korea — 0.2% | ||||||||
Kakao Corp.(a) | 1,315 | 94,985 | ||||||
|
| |||||||
Sweden — 1.0% | ||||||||
Atlas Copco AB, A Shares | 1,841 | 108,962 | ||||||
Epiroc AB, Class A | 4,672 | 99,696 | ||||||
Hexagon AB, B Shares | 7,803 | 105,247 | ||||||
Telia Co. AB | 20,905 | 82,395 | ||||||
|
| |||||||
396,300 | ||||||||
Switzerland — 5.8% | ||||||||
EMS-Chemie Holding AG, Registered Shares | 56 | 56,643 | ||||||
Givaudan SA, Registered Shares | 34 | 140,859 | ||||||
Kuehne + Nagel International AG, Registered Shares | 616 | 173,950 | ||||||
Logitech International SA, Registered Shares | 220 | 18,487 | ||||||
Lonza Group AG, Registered Shares | 216 | 148,920 | ||||||
Nestle SA, Registered Shares | 2,986 | 385,607 | ||||||
Novartis AG, Registered Shares | 3,037 | 263,883 | ||||||
Partners Group Holding AG | 44 | 61,345 | ||||||
Roche Holding AG | 870 | 339,937 | ||||||
Sika AG, Registered Shares | 540 | 188,932 | ||||||
STMicroelectronics NV | 3,360 | 158,011 | ||||||
Straumann Holding AG, Registered Shares | 82 | 135,881 | ||||||
Swisscom AG, Registered Shares | 389 | 222,343 | ||||||
|
| |||||||
2,294,798 | ||||||||
Taiwan — 3.0% | ||||||||
Acer, Inc. | 98,000 | 101,634 | ||||||
Asustek Computer, Inc. | 13,000 | 169,955 | ||||||
China Development Financial Holding Corp. | 52,000 | 34,688 | ||||||
China Steel Corp. | 11,000 | 13,462 | ||||||
Chunghwa Telecom Co. Ltd. | 8,000 | 34,000 | ||||||
CTBC Financial Holding Co. Ltd. | 3,000 | 3,016 | ||||||
First Financial Holding Co. Ltd. | 46,000 | 41,888 | ||||||
Lite-On Technology Corp. | 15,000 | 34,644 | ||||||
Mega Financial Holding Co. Ltd. | 4,000 | 5,354 | ||||||
Nan Ya Plastics Corp. | 2,000 | 6,316 | ||||||
Novatek Microelectronics Corp. | 9,000 | 158,276 | ||||||
Quanta Computer, Inc. | 18,000 | 60,924 | ||||||
Synnex Technology International Corp. | 15,000 | 36,940 | ||||||
Taiwan Cooperative Financial Holding Co. Ltd. | 251,170 | 240,988 | ||||||
Taiwan Mobile Co. Ltd. | 6,000 | 21,566 | ||||||
Taiwan Semiconductor Manufacturing Co. Ltd. | 10,000 | 231,220 | ||||||
|
| |||||||
1,194,871 | ||||||||
United Kingdom — 1.7% | ||||||||
AstraZeneca PLC | 240 | 27,919 | ||||||
Auto Trader Group PLC(b) | 11,684 | 105,876 | ||||||
BP PLC | 14,853 | 76,997 | ||||||
Diageo PLC | 824 | 41,580 | ||||||
Ferguson PLC | 971 | 152,729 | ||||||
Linde plc(a) | 461 | 146,911 | ||||||
Spirax-Sarco Engineering PLC | 703 | 126,720 | ||||||
|
| |||||||
678,732 | ||||||||
United States — 51.3% | ||||||||
Abbott Laboratories | 2,126 | 270,980 | ||||||
Adaptive Biotechnologies Corp.(a) | 385 | 6,714 | ||||||
Adobe, Inc.(a) | 362 | 193,417 | ||||||
Akamai Technologies, Inc.(a) | 1,279 | 146,509 |
Security | Shares | Value | ||||||
United States (continued) | ||||||||
Alphabet, Inc., Class C(a) | 195 | $ | 529,224 | |||||
Altair Engineering, Inc., Class A(a) | 2,688 | 169,129 | ||||||
Amazon.com, Inc.(a) | 7 | 20,940 | ||||||
Ameren Corp. | 100 | 8,874 | ||||||
American Tower Corp. | 520 | 130,780 | ||||||
American Water Works Co., Inc. | 421 | 67,697 | ||||||
Amphenol Corp., Class A | 284 | 22,604 | ||||||
ANSYS, Inc.(a) | 665 | 226,107 | ||||||
Aon PLC, Class A | 31 | 8,570 | ||||||
Applied Materials, Inc. | 1,412 | 195,110 | ||||||
AT&T, Inc. | 6,809 | 173,629 | ||||||
Aura Biosciences, Inc.(a) | 632 | 11,534 | ||||||
AutoZone, Inc.(a) | 119 | 236,376 | ||||||
Baker Hughes Co. | 5,461 | 149,850 | ||||||
Baxter International, Inc. | 2,143 | 183,098 | ||||||
Becton Dickinson and Co. | 457 | 116,142 | ||||||
BigCommerce Holdings, Inc., Series-1(a) | 430 | 14,057 | ||||||
Black Knight, Inc.(a) | 2,224 | 165,910 | ||||||
Booking Holdings, Inc.(a) | 31 | 76,140 | ||||||
Booz Allen Hamilton Holding Corp. | 315 | 24,170 | ||||||
Bristol-Myers Squibb Co. | 642 | 41,659 | ||||||
Brown & Brown, Inc. | 129 | 8,550 | ||||||
C.H. Robinson Worldwide, Inc. | 139 | 14,546 | ||||||
Cadence Design Systems, Inc.(a) | 1,267 | 192,761 | ||||||
CareDx, Inc.(a) | 194 | 8,109 | ||||||
Cboe Global Markets, Inc. | 2,143 | 254,010 | ||||||
Charter Communications, Inc., Class A(a) | 242 | 143,588 | ||||||
Cisco Systems, Inc. | 3,290 | 183,154 | ||||||
Clorox Co. | 17 | 2,854 | ||||||
CME Group, Inc. | 855 | 196,222 | ||||||
Colgate-Palmolive Co. | 1,456 | 120,047 | ||||||
Comcast Corp., Class A | 2,814 | 140,672 | ||||||
Consolidated Edison, Inc. | 452 | 39,075 | ||||||
Costco Wholesale Corp. | 336 | 169,724 | ||||||
Crowdstrike Holdings, Inc., Class A(a) | 304 | 54,915 | ||||||
Crown Castle International Corp. | 1,144 | 208,791 | ||||||
Danaher Corp. | 703 | 200,910 | ||||||
Dominion Energy, Inc. | 3,454 | 278,600 | ||||||
Domino’s Pizza, Inc. | 282 | 128,211 | ||||||
Dynatrace, Inc.(a) | 235 | 12,892 | ||||||
Edwards Lifesciences Corp.(a) | 1,765 | 192,738 | ||||||
Electronic Arts, Inc. | 2,471 | 327,803 | ||||||
Eli Lilly & Co. | 11 | 2,699 | ||||||
Evergy, Inc. | 1,755 | 114,005 | ||||||
Eversource Energy | 55 | 4,922 | ||||||
Expedia Group, Inc.(a) | 773 | 141,683 | ||||||
Expeditors International of Washington, Inc. | 879 | 100,628 | ||||||
Floor & Decor Holdings, Inc., Class A(a) | 1,214 | 131,986 | ||||||
General Mills, Inc. | 178 | 12,225 | ||||||
Genuine Parts Co. | 1,717 | 228,756 | ||||||
Gilead Sciences, Inc. | 5,660 | 388,729 | ||||||
Hershey Co. | 471 | 92,820 | ||||||
Hilton Worldwide Holdings, Inc.(a) | 243 | 35,262 | ||||||
Home Depot, Inc. | 278 | 102,020 | ||||||
Hormel Foods Corp. | 721 | 34,226 | ||||||
Humana, Inc. | 360 | 141,300 | ||||||
Incyte Corp.(a) | 2,070 | 153,863 | ||||||
Intercontinental Exchange, Inc. | 1,792 | 226,975 | ||||||
Intuit, Inc. | 782 | 434,190 | ||||||
Intuitive Surgical, Inc.(a) | 329 | 93,495 | ||||||
Johnson & Johnson | 251 | 43,245 | ||||||
Kellogg Co. | 2,965 | 186,795 |
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) January 31, 2022 | BlackRock GA Disciplined Volatility Equity Fund (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
United States (continued) | ||||||||
Keysight Technologies, Inc.(a) | 1,144 | $ | 193,130 | |||||
Kroger Co. | 4,828 | 210,453 | ||||||
Liberty Broadband Corp., Class C(a) | 147 | 21,816 | ||||||
Lowe’s Cos., Inc. | 931 | 220,973 | ||||||
Marsh & McLennan Cos., Inc. | 2,892 | 444,327 | ||||||
Masco Corp. | 2,308 | 146,166 | ||||||
Masimo Corp.(a) | 652 | 143,355 | ||||||
Mastercard, Inc., Class A | 771 | 297,899 | ||||||
Merck & Co., Inc. | 3,289 | 267,988 | ||||||
Micron Technology, Inc. | 1,145 | 94,199 | ||||||
Microsoft Corp. | 2,241 | 696,906 | ||||||
Motorola Solutions, Inc. | 1,518 | 352,085 | ||||||
Netflix, Inc.(a) | 643 | 274,651 | ||||||
New Relic, Inc.(a) | 1,799 | 189,147 | ||||||
Newmont Corp. | 3,229 | 197,518 | ||||||
NextEra Energy, Inc. | 2,824 | 220,611 | ||||||
NIKE, Inc., Class B | 1,153 | 170,725 | ||||||
Old Dominion Freight Line, Inc. | 343 | 103,562 | ||||||
Oracle Corp. | 1,670 | 135,537 | ||||||
O’Reilly Automotive, Inc.(a) | 350 | 228,112 | ||||||
PepsiCo, Inc. | 1,931 | 335,067 | ||||||
Pfizer, Inc. | 2,480 | 130,671 | ||||||
Procter & Gamble Co. | 1,494 | 239,712 | ||||||
Public Storage | 277 | 99,313 | ||||||
Qualcomm, Inc. | 1,358 | 238,682 | ||||||
Regeneron Pharmaceuticals, Inc.(a) | 324 | 197,183 | ||||||
Republic Services, Inc. | 1,807 | 230,682 | ||||||
Rollins, Inc. | 2,452 | 75,644 | ||||||
S&P Global, Inc. | 526 | 218,406 | ||||||
salesforce.com, Inc.(a) | 854 | 198,666 | ||||||
SBA Communications Corp. | 754 | 245,382 | ||||||
Southern Co. | 2,834 | 196,935 | ||||||
Starbucks Corp. | 828 | 81,409 | ||||||
Take-Two Interactive Software, Inc.(a) | 93 | 15,191 | ||||||
Target Corp. | 758 | 167,086 | ||||||
Thermo Fisher Scientific, Inc. | 155 | 90,102 | ||||||
Tradeweb Markets, Inc., Class A | 366 | 31,026 | ||||||
TransDigm Group, Inc.(a) | 359 | 221,212 | ||||||
Twilio, Inc., Class A(a) | 182 | 37,514 | ||||||
Tyler Technologies, Inc.(a) | 73 | 34,587 | ||||||
U.S. BanCorp. | 2,006 | 116,729 | ||||||
United Parcel Service, Inc., Class B | 695 | 140,536 | ||||||
UnitedHealth Group, Inc. | 535 | 252,825 |
Security | Shares | Value | ||||||
United States (continued) | ||||||||
VeriSign, Inc.(a) | 1,453 | $ | 315,563 | |||||
Verisk Analytics, Inc. | 995 | 195,149 | ||||||
Verizon Communications, Inc. | 11,123 | 592,077 | ||||||
Vertex Pharmaceuticals, Inc.(a) | 1,216 | 295,549 | ||||||
Viatris, Inc. | 19 | 284 | ||||||
Visa, Inc., Class A | 405 | 91,599 | ||||||
Walmart, Inc. | 1,479 | 206,779 | ||||||
Walt Disney Co.(a) | 1,082 | 154,694 | ||||||
Waste Connections, Inc. | 2,343 | 292,172 | ||||||
Waste Management, Inc. | 688 | 103,503 | ||||||
WEC Energy Group, Inc. | 3,223 | 312,760 | ||||||
West Pharmaceutical Services, Inc. | 113 | 44,434 | ||||||
Western Union Co. | 6,050 | 114,405 | ||||||
Weyerhaeuser Co. | 2,550 | 103,097 | ||||||
Workday, Inc., Class A(a) | 142 | 35,927 | ||||||
Xcel Energy, Inc. | 2,931 | 204,173 | ||||||
Xilinx, Inc. | 903 | 174,776 | ||||||
Zentalis Pharmaceuticals, Inc.(a) | 531 | 30,309 | ||||||
Zoetis, Inc. | 720 | 143,849 | ||||||
Zoom Video Communications, Inc., Class A(a) | 786 | 121,264 | ||||||
|
| |||||||
20,473,299 | ||||||||
|
| |||||||
Total Long-Term Investments — 86.3% | 34,389,381 | |||||||
|
| |||||||
Short-Term Securities | ||||||||
Money Market Funds — 14.6% | ||||||||
BlackRock Liquidity Funds, T-Fund, Institutional Class, 0.01%(c)(d) | 5,835,447 | 5,835,447 | ||||||
|
| |||||||
Total Short-Term Securities — 14.6% |
| 5,835,447 | ||||||
|
| |||||||
Total Investments — 100.9% |
| 40,224,828 | ||||||
Liabilities in Excess of Other Assets — (0.9)% |
| (346,429 | ) | |||||
|
| |||||||
Net Assets — 100.0% | $ | 39,878,399 | ||||||
|
|
(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) | Affiliate of the Fund. |
(d) | 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, 2022 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:
| ||||||||||||||||||||||||||||||||||||
Affiliated Issuer | Value at 04/30/21 | Purchases at Cost | Proceeds from Sales | Net Realized Gain (Loss) | Change in Unrealized Appreciation (Depreciation) | Value at 01/31/22 | Shares Held at 01/31/22 | Income | Capital Gain Distributions from Underlying Funds | |||||||||||||||||||||||||||
| ||||||||||||||||||||||||||||||||||||
BlackRock Liquidity Funds, T-Fund, Institutional Class | $ | 208,274 | $ | 5,627,173 | (a) | $ | — | $ | — | $ | — | $ | 5,835,447 | 5,835,447 | $ | 76 | $ | — | ||||||||||||||||||
iShares Gold Trust(b) | 8,661 | — | (9,225 | )(a) | 1,519 | (955 | ) | — | — | — | — | |||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||||||||||||||||||
$ | 1,519 | $ | (955 | ) | $ | 5,835,447 | $ | 76 | $ | — | ||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
(a) | Represents net amount purchased (sold). |
(b) | As of period end, the entity is no longer held. |
3 |
Schedule of Investments (unaudited) (continued) January 31, 2022 | BlackRock GA Disciplined Volatility Equity Fund |
Derivative Financial Instruments Outstanding as of Period End
Forward Foreign Currency Exchange Contracts
| ||||||||||||||||||||
Currency Purchased | Currency Sold | Counterparty | Settlement Date | Unrealized Appreciation (Depreciation) | ||||||||||||||||
| ||||||||||||||||||||
INR | 7,812,000 | USD | 102,230 | Goldman Sachs International | 03/17/22 | $ | 1,941 | |||||||||||||
USD | 615,251 | EUR | 535,094 | Morgan Stanley & Co. International PLC | 03/17/22 | 13,527 | ||||||||||||||
|
| |||||||||||||||||||
15,468 | ||||||||||||||||||||
|
| |||||||||||||||||||
CHF | 109,000 | USD | 118,370 | Morgan Stanley & Co. International PLC | 03/17/22 | (602 | ) | |||||||||||||
JPY | 95,352,799 | USD | 839,829 | JPMorgan Chase Bank N.A. | 03/17/22 | (10,906 | ) | |||||||||||||
|
| |||||||||||||||||||
(11,508 | ) | |||||||||||||||||||
|
| |||||||||||||||||||
$ | 3,960 | |||||||||||||||||||
|
|
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 financial instruments categorized in the fair value hierarchy. The breakdown of the Fund’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 | ||||||||||||||||
Common Stocks | ||||||||||||||||
Belgium. | $ | — | $ | 287,642 | $ | — | $ | 287,642 | ||||||||
Canada | 799,025 | — | — | 799,025 | ||||||||||||
China | 138,430 | 888,614 | — | 1,027,044 | ||||||||||||
Denmark | — | 738,118 | — | 738,118 | ||||||||||||
Finland | — | 52,633 | — | 52,633 | ||||||||||||
France | — | 878,595 | — | 878,595 | ||||||||||||
Germany | — | 559,055 | — | 559,055 | ||||||||||||
Hong Kong | 180,140 | 500,018 | — | 680,158 | ||||||||||||
Ireland | 196,671 | — | — | 196,671 | ||||||||||||
Italy | — | 234,373 | — | 234,373 | ||||||||||||
Japan | — | 2,780,323 | — | 2,780,323 | ||||||||||||
Luxembourg | — | 77,203 | — | 77,203 | ||||||||||||
Netherlands | 141,343 | 608,839 | — | 750,182 | ||||||||||||
Norway | — | 30,855 | — | 30,855 | ||||||||||||
Russia | — | 79,660 | — | 79,660 | ||||||||||||
Singapore | — | 84,859 | — | 84,859 |
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) January 31, 2022 | BlackRock GA Disciplined Volatility 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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Common Stocks (continued) | ||||||||||||||||
South Korea | $ | — | $ | 94,985 | $ | — | $ | 94,985 | ||||||||
Sweden. | — | 396,300 | — | 396,300 | ||||||||||||
Switzerland | — | 2,294,798 | — | 2,294,798 | ||||||||||||
Taiwan | — | 1,194,871 | — | 1,194,871 | ||||||||||||
United Kingdom | 146,911 | 531,821 | — | 678,732 | ||||||||||||
United States | 20,473,299 | — | — | 20,473,299 | ||||||||||||
Short-Term Securities | ||||||||||||||||
Money Market Funds | 5,835,447 | — | — | 5,835,447 | ||||||||||||
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$ | 27,911,266 | $ | 12,313,562 | $ | — | $ | 40,224,828 | |||||||||
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Derivative Financial Instruments(a) | ||||||||||||||||
Assets | ||||||||||||||||
Foreign Currency Exchange Contracts | $ | — | $ | 15,468 | $ | — | $ | 15,468 | ||||||||
Liabilities | ||||||||||||||||
Foreign Currency Exchange Contracts | — | (11,508 | ) | — | (11,508 | ) | ||||||||||
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$ | — | $ | 3,960 | $ | — | $ | 3,960 | |||||||||
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(a) | Derivative financial instruments are forward foreign currency exchange contracts. Forward foreign currency exchange contracts are valued at the unrealized appreciation (depreciation) on the instrument. |
Currency Abbreviation | ||
CHF | Swiss Franc | |
EUR | Euro | |
INR | Indian Rupee | |
JPY | Japanese Yen | |
USD | United States Dollar |
5 |