BlackRock Funds IV NPORTP BlackRock Global Long/Short Credit Fund (Oct 2024 report)

Schedule

Investments

(unaudited)

October

31,

2024

BlackRock

Global

Long/Short

Credit

Fund

(Percentages

shown

are

based

Net

Assets)

Security

Par

(000)

(

000)

Value

Asset-Backed

Securities

Cayman

Islands

—

0.2%

(a)(b)

Apidos

CLO

XXIV,

Series

2016-24A,

Class

A1AL,

(3-mo.

CME

Term

SOFR

0.95%

Floor

1.21%),

5.83%,

10/20/30

............

USD

163

163,232

BlueMountain

CLO

Ltd.,

Series

2015-

3A,

Class

A1R,

(3-mo.

CME

Term

SOFR

0.00%

Floor

1.26%),

5.88%,

04/20/31

............

151

150,806

Carlyle

Global

Market

Strategies

CLO

Ltd.

Series

2014-2RA,

Class

A1,

(3-mo.

CME

Term

SOFR

0.00%

Floor

1.31%),

6.43%,

05/15/31

...

132

131,783

Series

2014-3RA,

Class

A1A,

(3-mo.

CME

Term

SOFR

0.00%

Floor

1.31%),

5.93%,

07/27/31

...

105

105,432

CIFC

Funding

Ltd.,

Series

2015-3A,

Class

AR,

(3-mo.

CME

Term

SOFR

0.00%

Floor

1.13%),

5.75%,

04/19/29

.................

54,077

Dryden

Senior

Loan

Fund,

Series

2015-41A,

Class

AR,

(3-mo.

CME

Term

SOFR

0.97%

Floor

1.23%),

5.89%,

04/15/31

.......

152

152,055

Flatiron

CLO

Ltd.,

Series

2018-1A,

Class

(3-mo.

CME

Term

SOFR

0.95%

Floor

1.21%),

5.86%,

04/17/31

.................

78,599

Galaxy

CLO

Ltd.,

Series

2015-20A,

Class

AR,

(3-mo.

CME

Term

SOFR

1.00%

Floor

1.26%),

5.88%,

04/20/31

.................

89,546

Galaxy

XXVIII

CLO

Ltd.,

Series

2018-

28A,

Class

A2,

(3-mo.

CME

Term

SOFR

0.00%

Floor

1.56%),

6.22%,

07/15/31

............

104

103,536

Madison

Park

Funding

XVII

Ltd.,

Series

2015-17A,

Class

AR2,

(3-mo.

CME

Term

SOFR

0.00%

Floor

1.26%),

5.88%,

07/21/30

.......

125

125,469

Palmer

Square

Loan

Funding

Ltd.

Series

2021-2A,

Class

A1,

(3-mo.

CME

Term

SOFR

1.06%

Floor

1.06%),

6.19%,

05/20/29

...

16,785

Series

2021-4A,

Class

A1,

(3-mo.

CME

Term

SOFR

1.06%

Floor

1.06%),

5.72%,

10/15/29

...

56,072

Pikes

Peak

CLO

Series

2018-1A,

Class

(3-mo.

CME

Term

SOFR

1.18%

Floor

1.44%),

6.08%,

07/24/31

.................

113

113,366

TCI-Flatiron

CLO

Ltd.,

Series

2016-1A,

Class

AR3,

(3-mo.

CME

Term

SOFR

1.10%

Floor

1.10%),

5.75%,

01/17/32

.................

73,251

1,414,009

Security

Par

(000)

Par

(000)

Value

Ireland

—

7.3%

(b)(c)

Carval

Euro

CLO

II-C

DAC,

Series

2X,

Class

(3-mo.

EURIBOR

3.75%

Floor

3.75%),

7.28%,

02/15/37

.................

EUR

340

371,801

Aqueduct

European

CLO

DAC,

Series

2022-7X,

Class

AR,

(3-mo.

EURIBOR

1.28%

Floor

1.28%),

4.76%,

08/15/37

............

2,002

2,182,717

Arini

European

CLO

DAC

Series

1X,

Class

(3-mo.

EURIBOR

1.90%

Floor

1.90%),

5.08%,

07/15/36

....

1,000

1,093,833

Series

1X,

Class

(3-mo.

EURIBOR

6.04%

Floor

6.04%),

9.22%,

07/15/36

....

480

534,912

Arini

European

CLO

DAC,

Series

2X,

Class

(3-mo.

EURIBOR

1.55%

Floor

1.55%),

4.73%,

04/15/38

1,500

1,637,238

Aurium

CLO

DAC,

Series

4X,

Class

AR,

(3-mo.

EURIBOR

0.73%

Floor

0.73%),

3.91%,

01/16/31

896

974,194

Aurium

CLO

VIII

DAC,

Series

8X,

Class

(3-mo.

EURIBOR

0.85%

Floor

0.85%),

4.30%,

06/23/34

.....

1,500

1,625,097

Avoca

CLO

XIV

DAC

Series

14X,

Class

ER,

(3-mo.

EURIBOR

4.70%

Floor

4.70%),

7.88%,

01/12/31

....

1,970

2,161,441

Series

14X,

Class

FR,

(3-mo.

EURIBOR

6.35%

Floor

6.35%),

9.53%,

01/12/31

....

2,200

2,399,281

Series

14X,

Class

SUB,

0.00%,

01/12/31

(d)

(e)

.............

1,500

840,776

Avoca

CLO

DAC

Series

15X,

Class

ER,

(3-mo.

EURIBOR

4.13%

Floor

4.13%),

7.31%,

04/15/31

....

1,765

1,920,104

Series

15X,

Class

FR,

(3-mo.

EURIBOR

5.84%

Floor

5.84%),

9.02%,

04/15/31

....

3,425

3,712,769

Capital

Four

CLO

DAC,

Series

5X,

Class

(3-mo.

EURIBOR

1.84%

Floor

1.84%),

4.93%,

04/25/36

2,968

3,236,513

CIFC

European

Funding

CLO

DAC,

Series

4X,

Class

(3-mo.

EURIBOR

0.95%

Floor

0.95%),

4.16%,

08/18/35

............

2,800

3,036,913

Contego

CLO

DAC,

Series

6X,

Class

AR,

(3-mo.

EURIBOR

0.79%

Floor

0.79%),

3.97%,

04/15/34

4,400

4,771,518

Contego

CLO

VII

DAC,

Series

7X,

Class

(3-mo.

EURIBOR

3.95%

Floor

3.95%),

7.09%,

05/14/32

200

219,906

CVC

Cordatus

Loan

Fund

XXII

DAC,

Series

22X,

Class

(3-mo.

EURIBOR

3.15%

Floor

3.15%),

6.63%,

12/15/34

............

400

436,817

CVC

Cordatus

Loan

Fund

XXX

DAC,

Series

30X,

Class

(3-mo.

EURIBOR

1.48%

Floor

1.48%),

5.35%,

05/15/37

............

2,000

2,182,993

Fidelity

Grand

Harbour

CLO

DAC,

Series

2023-1X,

Class

(3-mo.

EURIBOR

1.90%

Floor

1.90%),

5.44%,

08/15/36

............

4,800

5,238,856

Schedule

Investments

(unaudited)

(continued)

October

31,

2024

BlackRock

Global

Long/Short

Credit

Fund

(Percentages

shown

are

based

Net

Assets)

Security

Par

(000)

Par

(000)

Value

Ireland

(continued)

Harvest

CLO

XXXII

DAC,

Series

32X,

Class

(3-mo.

EURIBOR

3.60%

Floor

3.60%),

7.30%,

07/25/37

EUR

188

204,943

Henley

CLO

DAC,

Series

1X,

Class

AR,

(3-mo.

EURIBOR

0.95%

Floor

0.95%),

4.04%,

07/25/34

1,500

1,633,777

Margay

CLO

DAC

Series

1X,

Class

(3-mo.

EURIBOR

1.95%

Floor

1.95%),

5.13%,

07/15/36

....

2,928

3,191,880

Series

1X,

Class

(3-mo.

EURIBOR

6.40%

Floor

6.40%),

9.58%,

07/15/36

....

285

312,876

Neuberger

Berman

Loan

Advisers

Euro

CLO

DAC,

Series

2022-3X,

Class

(3-mo.

EURIBOR

0.92%

Floor

0.92%),

4.01%,

10/25/34

.......

1,700

1,837,153

Palmer

Square

European

CLO

DAC

Series

2023-1X,

Class

(3-mo.

EURIBOR

1.90%

Floor

1.90%),

5.08%,

07/15/36

....

4,700

5,120,094

Series

2024-2X,

Class

(3-mo.

EURIBOR

1.34%

Floor

1.34%),

4.84%,

10/15/37

....

1,700

1,851,539

Palmer

Square

European

Loan

Funding

DAC,

Series

2024-2X,

Class

(3-mo.

EURIBOR

3.15%

Floor

3.15%),

6.50%,

05/15/34

.......

340

370,391

Penta

CLO

DAC,

Series

2024-17X,

Class

(3-mo.

EURIBOR

3.25%

Floor

3.25%),

6.81%,

08/15/38

211

230,638

Rockfield

Park

CLO

DAC,

Series

1X,

Class

(3-mo.

EURIBOR

3.00%

Floor

3.00%),

6.18%,

07/16/34

870

949,623

RRE

Loan

Management

DAC,

Series

18X,

Class

A1,

(3-mo.

EURIBOR

1.47%

Floor

1.47%),

4.65%,

04/15/39

............

2,000

2,184,515

RRE

Loan

Management

DAC,

Series

19X,

Class

A1,

(3-mo.

EURIBOR

1.41%

Floor

1.41%),

5.11%,

07/15/37

............

936

1,022,127

Sona

Fios

CLO

III

DAC,

Series

3X,

Class

(3-mo.

EURIBOR

1.32%

Floor

1.32%),

4.48%,

04/20/37

1,420

1,541,435

Tikehau

CLO

XII

DAC

Series

12X,

Class

(3-mo.

EURIBOR

1.34%

Floor

1.34%),

4.71%,

10/20/38

....

1,700

1,857,048

Series

12X,

Class

(3-mo.

EURIBOR

3.25%

Floor

3.25%),

6.62%,

10/20/38

....

500

546,312

61,432,030

United

Kingdom

—

0.5%

Greene

King

Finance

plc,

Series

B1,

(Sterling

Overnight

Index

Average

1.92%),

6.90%,

12/15/34

(b)

.....

GBP

1,518

1,684,416

Unique

Pub

Finance

Co.

plc

(The),

Series

6.46%,

03/30/32

(c)

(f)

....

1,980

2,638,597

4,323,013

Security

Par

(000)

Par

(000)

Value

United

States

—

0.0%

(a)(b)

Carlyle

Global

Market

Strategies

CLO

Ltd.,

Series

2013-1A,

Class

A1RR,

(3-mo.

CME

Term

SOFR

0.95%

Floor

1.21%),

6.33%,

08/14/30

USD

43,342

Greenwood

Park

CLO

Ltd.,

Series

2018-1A,

Class

A1,

(3-mo.

CME

Term

SOFR

0.00%

Floor

1.29%),

5.95%,

04/15/31

.......

117

117,328

160,670

Total

Asset-Backed

Securities

—

8.0%

(Cost:

67,876,610

)

..............................

67,329,722

Common

Stocks

Bermuda

—

0.0%

Travelport

Finance

SARL

(e)

(g)

......

207,043

Canada

—

0.1%

Algoma

Steel

Group,

Inc.

........

15,539

160,829

Lionsgate

Studios

Corp.

(e)

........

62,500

430,000

590,829

Finland

—

0.1%

Aiven,

Inc.

Series

(e)

(g)

.........

6,597

368,311

France

—

0.0%

Casino

Guichard

Perrachon

(e)

...

16,223

38,293

Germany

—

0.0%

ADLER

Group

(e)

(g)

...........

983,215

Japan

—

0.0%

(e)

New

TOPCO

(g)

(h)

..............

59,462

—

Rakuten

Group,

Inc.

............

14,000

83,560

United

Kingdom

—

0.0%

(e)

Genius

Sports

Ltd.

.............

15,585

106,757

NEW

Look

Retailers

(g)

...........

5,436,112

106,827

United

States

—

0.6%

Albertsons

Cos.,

Inc.

Class

.....

4,239

76,726

Altice

USA,

Inc.

Class

(e)

........

22,706

55,176

AMC

Networks,

Inc.

Class

(e)

.....

1,286

10,417

Amentum

Holdings,

Inc.

(e)

........

5,272

156,789

Astra

Space,

Inc.

Class

(e)

.......

3,047

1,524

Avaya,

Inc.

(e)

.................

2,625

13,563

Boyd

Gaming

Corp.

............

519

35,962

Caesars

Entertainment,

Inc.

(e)

.....

3,207

128,440

California

Resources

Corp.

.......

590

30,662

Capri

Holdings

Ltd.

(e)

...........

1,046

20,648

Centuri

Holdings,

Inc.

(e)

..........

865

16,236

Cheniere

Energy,

Inc.

...........

463

88,609

Citigroup,

Inc.

................

1,537

98,629

Comerica,

Inc.

................

296

18,858

Concentra

Group

Holdings

Parent,

Inc.

(e)

....................

1,996

40,459

Constellium

Class

(e)

........

7,233

80,286

Coreweave,

Inc.

(g)

.............

242

227,444

Crown

PropTech

Acquisitions

(e)

(g)

...

15,186

2,341

Crown

PropTech

Acquisitions

Class

(e)

6,461

71,200

DiamondRock

Hospitality

Co.

(i)

.....

4,779

40,956

Schedule

Investments

(unaudited)

(continued)

October

31,

2024

BlackRock

Global

Long/Short

Credit

Fund

(Percentages

shown

are

based

Net

Assets)

Security

Value

United

States

(continued)

Fanatics

Holdings,

Inc.

Class

(Acquired

12/15/21

cost

1,041,005

)

(e)

(g)

(j)

............

15,345

1,064,943

First

Citizens

BancShares,

Inc.

Class

143,364

First

Horizon

Corp.

.............

3,289

56,998

Flagstar

Financial,

Inc.

..........

26,824

271,456

Forestar

Group,

Inc.

(e)

...........

1,375

43,409

FreeWire

Technologies,

Inc.

(e)

(g)

....

—

Golden

Entertainment,

Inc.

.......

926

27,201

Green

Plains,

Inc.

(e)

............

3,569

43,649

Halliburton

Co.

...............

2,593

71,930

HawkEye

360,

Inc.

Series

(e)

(g)

...

34,579

360,659

Kinder

Morgan,

Inc.

............

2,030

49,755

Kroger

Co.

(The)

..............

1,679

93,638

Landsea

Homes

Corp.

(e)

.........

5,918

61,429

Latch,

Inc.

(e)

.................

31,344

12,381

Lineage,

Inc.

.................

257

19,028

Lions

Gate

Entertainment

Corp.

Class

(e)

.....................

7,365

58,184

Lumen

Technologies,

Inc.

(e)

.......

21,508

137,436

New

Look

Builders,

Inc.

(e)

(g)

.......

11,518,792

115

Palladyne

Corp.

(e)

............

856

1,755

Palladyne

Corp.

(e)

............

35,879

73,552

Paramount

Global

Class

.......

22,500

246,150

Park

Hotels

Resorts,

Inc.

.......

2,561

35,572

Playstudios,

Inc.

Class

(e)

.......

13,275

17,656

Screaming

Eagle

Acquistion

Corp.

(Acquired

05/14/24

cost

203,300

)

(e)

(j)

...............

20,000

137,600

Service

Properties

Trust

.........

8,877

28,406

Sonder

Holdings,

Inc.

Class

(e)

....

6,302

17,203

Sunstone

Hotel

Investors,

Inc.

.....

2,877

29,029

Transocean

Ltd.

(e)

.............

25,414

110,297

Tribune

Resources

LLC

(e)

........

86,655

89,515

United

States

Steel

Corp.

........

12,087

469,580

Warner

Bros

Discovery,

Inc.

(e)

.....

6,123

49,780

Waystar

Holding

Corp.

(e)

.........

1,968

56,147

5,092,742

Total

Common

Stocks

—

0.8%

(Cost:

19,059,076

)

..............................

6,487,616

Par

(000)

(

000)

Corporate

Bonds

Australia

—

0.1%

Mineral

Resources

Ltd.

9.25%

10/01/28

(a)

................

USD

18,950

Oceana

Australian

Fixed

Income

Trust

(g)

12.00%

08/31/25

...........

AUD

178

117,435

12.50%

08/31/26

...........

267

176,925

12.50%

07/31/27

...........

445

296,515

609,825

Austria

—

0.3%

ams-OSRAM

(c)

0.00%

03/05/25

(k)

(l)

..........

EUR

800

844,094

2.13%

11/03/27

(l)

...........

800

690,686

10.50%

03/30/29

...........

1,200

1,322,922

2,857,702

Canada

—

0.9%

1011778

ULC

6.13%

06/15/29

(a)

USD

2,250

2,289,280

1375209

Ltd.

9.00%

01/30/28

(a)

2,500

2,495,410

Security

Par

(000)

Par

(000)

Value

Canada

(continued)

Brookfield

Residential

Properties,

Inc.

5.00%

06/15/29

(a)

...........

USD

59,558

Dye

Durham

Ltd.

8.63%

04/15/29

(a)

59,363

Freed

Hotels

Resorts

12.00%

11/21/28

(b)

(g)

...............

2,457

2,485,169

Garda

World

Security

Corp.

(a)

9.50%

11/01/27

............

31,025

7.75%

02/15/28

............

17,557

Mattamy

Group

Corp.

(a)

5.25%

12/15/27

............

13,789

4.63%

03/01/30

............

137

128,371

7,579,522

Chile

—

0.0%

Kenbourne

Invest

(a)(d)(e)

6.88%

11/26/24

............

13,886

4.70%

01/22/28

............

200

120,750

134,636

China

—

0.3%

(c)(d)(e)

European

TopSoho

SARL

Series

SMCP

4.00%

10/14/24

(g)

(l)

.....

EUR

7,100

2,239,677

Fantasia

Holdings

Group

Co.

Ltd.

11.75%

04/17/25

...........

USD

200

5,000

2,244,677

Czech

Republic

—

0.2%

Allwyn

Entertainment

Financing

plc

7.25%

04/30/30

(c)

...........

EUR

1,544

1,778,156

Denmark

—

0.1%

SGL

Group

ApS

(3-mo.

EURIBOR

0.00%

Floor

4.75%),

7.95%

04/22/30

(b)

................

538

588,501

Finland

—

0.1%

Ahlstrom

Holding

4.88%

02/04/28

(a)

................

USD

640

605,510

France

—

2.5%

Altice

France

4.13%

01/15/29

(c)

EUR

962

792,660

Atos

(c)(d)(e)

0.00%

11/06/24

(k)

(l)

..........

2,300

100,073

1.75%

05/07/25

............

700

60,053

2.50%

11/07/28

............

400

17,681

1.00%

11/12/29

............

600

36,021

Bertrand

Franchise

Finance

SAS

(3-mo.

EURIBOR

0.00%

Floor

3.75%),

6.96%

07/18/30

(b)

(c)

....

1,570

1,715,606

BNP

Paribas

Series

TMO

(BFRTMO

0.00%

Floor

0.25%),

2.82%

(b)

(m)

.................

1,163

1,198,230

Clariane

(5-Year

U.K.

Government

Bonds

Note

Generic

Bid

Yield

9.08%),

13.17%

(b)

(c)

(m)

.............

GBP

2,200

2,774,735

Goldstory

SAS

(c)

6.75%

02/01/30

............

EUR

759

852,046

(3-mo.

EURIBOR

0.00%

Floor

4.00%),

7.63%

02/01/30

(b)

...

529

578,009

Financiere

Atalian

8.50%

(

8.50

Cash

5.00

PIK),

06/30/28

(c)

(n)

2,752

1,403,377

Lion/Polaris

Lux

(3-mo.

EURIBOR

0.00%

Floor

3.63%),

6.95%

07/01/29

(b)

(c)

1,554

1,690,364

Lune

Holdings

SARL

5.63%

11/15/28

(c)

.................

1,073

964,771

Schedule

Investments

(unaudited)

(continued)

October

31,

2024

BlackRock

Global

Long/Short

Credit

Fund

(Percentages

shown

are

based

Net

Assets)

Security

Par

(000)

Par

(000)

Value

France

(continued)

Nova

Alexandre

III

SAS

(3-mo.

EURIBOR

0.00%

Floor

5.25%),

8.43%

07/15/29

(b)

(c)

..........

EUR

469

499,952

Picard

Bondco

5.38%

07/01/27

(c)

1,287

1,386,880

RCI

Banque

(5-Year

EUR

Swap

Annual

2.85%),

2.63%

02/18/30

(b)

(c)

...............

3,400

3,669,344

Sabena

Technics

SAS

(Acquired

10/28/22

cost

292,597

)

(3-mo.

EURIBOR

5.00%),

8.35%

09/30/29

(b)

(g)

(j)

..............

297

323,549

Worldline

0.00%

07/30/26

(c)

(k)

(l)

2,846

2,871,284

20,934,635

Germany

—

3.9%

ADLER

Real

Estate

GmbH

3.00%

04/27/26

(c)

................

500

522,120

APCOA

Group

GmbH

(3-mo.

EURIBOR

0.00%

Floor

4.13%),

7.37%

04/15/31

(b)

(c)

..........

621

679,478

Aroundtown

Finance

SARL

(b)(c)(m)

(5-Year

Treasury

Yield

Curve

Rate

Note

Constant

Maturity

3.16%),

7.88%

...........

USD

1,500

1,309,101

(5-Year

EURIBOR

ICE

Swap

Rate

4.51%),

7.13%

..........

EUR

1,200

1,183,651

Aroundtown

(c)

0.38%

04/15/27

............

1,500

1,503,706

1.45%

07/09/28

............

2,300

2,304,856

Commerzbank

(b)(c)

(5-Year

EUR

Swap

Annual

6.36%),

6.13%

(m)

..........

4,000

4,383,632

(5-Year

U.K.

Government

Bonds

Note

Generic

Bid

Yield

5.25%),

8.63%

02/28/33

..........

GBP

600

827,383

DEMIRE

Deutsche

Mittelstand

Real

Estate

1.88%

12/31/27

(c)

...

EUR

1,260

1,163,918

Deutsche

Bank

(b)(c)(m)

(USISOA05

0.00%

Floor

4.36%),

4.79%

...........

USD

1,600

1,559,480

(5-Year

EURIBOR

ICE

Swap

Rate

5.26%),

8.13%

..........

EUR

800

905,008

Deutsche

Lufthansa

Series

LHA

2.00%

11/17/25

(c)

(l)

..........

1,900

2,058,932

Envalior

Deutschland

Gmbh

(6-mo.

EURIBOR

0.00%

Floor

9.50%),

12.66%

04/01/31

(b)

(g)

.........

458

455,537

Fressnapf

Holding

5.25%

10/31/31

(c)

................

1,190

1,289,704

Troplast

GmbH

9.38%

07/15/28

(c)

776

872,202

Mahle

GmbH

6.50%

05/02/31

(c)

...

1,741

1,841,694

Nidda

Healthcare

Holding

GmbH

(3-mo.

EURIBOR

0.00%

Floor

3.75%),

6.89%

10/23/30

(b)

(c)

....

887

966,282

PCF

GmbH

4.75%

04/15/29

(c)

....

2,140

1,998,356

PrestigeBidCo

GmbH

(3-mo.

EURIBOR

0.00%

Floor

3.75%),

6.93%

07/01/29

(b)

(c)

..........

678

744,870

Techem

Verwaltungsgesellschaft

674

mbH

6.00%

07/30/26

(c)

.......

636

693,168

Techem

Verwaltungsgesellschaft

675

mbH

5.38%

07/15/29

(c)

.......

1,226

1,340,249

Tele

Columbus

10.00%

(

10.00

Cash

10.00

PIK),

01/01/29

(b)

(c)

(n)

4,155

3,595,835

Security

Par

(000)

Par

(000)

Value

Germany

(continued)

TUI

Cruises

GmbH

6.50%

05/15/26

(c)

EUR

411

452,970

32,652,132

Ireland

—

0.2%

Flutter

Treasury

DAC

6.38%

04/29/29

(a)

................

USD

2,000

2,045,630

Israel

—

0.1%

Teva

Pharmaceutical

Finance

Netherlands

7.38%

09/15/29

EUR

888

1,087,870

Italy

—

2.9%

Azzurra

Aeroporti

SpA

2.63%

05/30/27

(c)

................

992

1,046,472

Bubbles

Holdco

SpA

(c)

6.50%

09/30/31

............

772

842,092

(3-mo.

EURIBOR

0.00%

Floor

4.25%),

7.50%

09/30/31

(b)

...

1,146

1,241,879

Davide

Campari-Milano

2.38%

01/17/29

(c)

(l)

................

1,200

1,228,856

Duomo

Bidco

SpA

(3-mo.

EURIBOR

0.00%

Floor

4.13%),

7.30%

07/15/31

(b)

(c)

...............

1,526

1,672,356

Engineering

Ingegneria

Informatica

SpA

11.13%

05/15/28

(c)

.......

1,168

1,301,352

Fiber

Bidco

SpA

(3-mo.

EURIBOR

0.00%

Floor

4.00%),

7.35%

01/15/30

(b)

(c)

...............

600

657,482

Fiber

Midco

SpA

10.00%

(

10.00

Cash

10.75

PIK),

06/15/29

(c)

(n)

.........

947

1,019,519

IMA

Industria

Macchine

Automatiche

SpA

(3-mo.

EURIBOR

0.00%

Floor

3.75%),

6.93%

04/15/29

(b)

(c)

1,132

1,242,299

Infrastrutture

Wireless

Italiane

SpA

(c)

1.63%

10/21/28

............

2,604

2,672,703

1.75%

04/19/31

............

347

347,823

Intesa

Sanpaolo

SpA

(c)

5.15%

06/10/30

............

GBP

399

487,233

8.51%

09/20/32

............

364

521,321

Lottomatica

SpA

(c)

5.38%

06/01/30

............

EUR

462

520,513

(3-mo.

EURIBOR

0.00%

Floor

3.25%),

6.76%

06/01/31

(b)

...

701

766,945

Nexi

SpA

0.00%

02/24/28

(c)

(k)

(l)

....

3,600

3,387,305

Optics

Bidco

SpA

Series

2034

6.00%

09/30/34

(a)

................

USD

406

395,766

Pachelbel

Bidco

SpA

(3-mo.

EURIBOR

0.00%

Floor

4.25%),

7.30%

05/17/31

(b)

(c)

...............

EUR

784

860,514

Rossini

SARL

(c)

6.75%

12/31/29

............

1,225

1,400,696

(3-mo.

EURIBOR

0.00%

Floor

3.88%),

7.22%

12/31/29

(b)

...

1,741

1,904,757

TeamSystem

SpA

(3-mo.

EURIBOR

0.00%

Floor

3.50%),

6.68%

07/31/31

(b)

(c)

...............

1,087

1,188,148

24,706,031

Japan

—

0.5%

SoftBank

Group

Corp.

(c)

3.13%

09/19/25

............

1,250

1,345,139

5.38%

01/08/29

............

100

110,820

3.38%

07/06/29

............

330

338,655

4.00%

09/19/29

............

240

252,346

Schedule

Investments

(unaudited)

(continued)

October

31,

2024

BlackRock

Global

Long/Short

Credit

Fund

(Percentages

shown

are

based

Net

Assets)

Security

Par

(000)

Par

(000)

Value

Japan

(continued)

3.88%

07/06/32

............

EUR

1,963

1,964,433

4,011,393

Jersey,

Channel

Islands

—

0.4%

Aston

Martin

Capital

Holdings

Ltd.

10.00%

03/31/29

(a)

..........

USD

200

194,295

10.38%

03/31/29

(c)

..........

GBP

2,248

2,808,100

3,002,395

Luxembourg

—

2.0%

ADLER

Financing

SARL

(n)

Series

12.50%

(

12.50

Cash

12.50

PIK),

12/31/28

......

EUR

1,962

2,170,920

Series

1.5L

14.00%

(

14.00

Cash

14.00

PIK),

12/31/29

(c)

...

896

1,018,754

Altice

Financing

2.25%

01/15/25

(c)

...........

380

409,212

9.63%

07/15/27

(a)

...........

USD

1,175

1,143,674

Cidron

Aida

Finco

SARL

5.00%

04/01/28

(c)

................

EUR

1,397

1,480,837

Codere

New

Holdco

(d)(e)

7.50%

11/30/27

(c)

...........

1,514

14,820

7.50%

11/30/27

(a)

...........

197

1,550

Ephios

Subco

SARL

7.88%

01/31/31

(c)

................

1,141

1,347,861

Garfunkelux

Holdco

6.75%

11/01/25

(c)

.................

1,173

807,026

INEOS

Finance

plc

6.38%

04/15/29

(c)

709

797,436

Kleopatra

Finco

SARL

4.25%

03/01/26

(c)

................

1,436

1,470,491

Kleopatra

Holdings

SCA

6.50%

09/01/26

(c)

................

574

485,859

Opus-Chartered

Issuances

2.50%

07/04/25

(b)

(c)

(g)

..............

897

979,615

SES

(5-Year

EURIBOR

ICE

Swap

Rate

3.59%),

6.00%

09/12/54

(b)

(c)

1,325

1,319,049

Takko

Fashion

GmbH

10.25%

04/15/30

(c)

................

181

200,820

Titanium

Bondco

SARL

6.25%

(

6.25

Cash

6.25

PIK),

01/14/31

(n)

................

6,436

2,446,195

Vivion

Investments

SARL

8.00%

(

8.00

Cash

8.00

PIK),

02/28/29

(c)

(n)

...............

1,009

1,075,398

17,169,517

Netherlands

—

0.6%

ABN

AMRO

Bank

(5-Year

EUR

Swap

Annual

3.90%),

6.38%

(b)

(c)

(m)

200

218,366

ING

Groep

(b)(m)

(5-Year

Treasury

Yield

Curve

Rate

Note

Constant

Maturity

2.86%),

3.88%

...........

USD

1,857

1,649,668

(USISSO05

4.08%),

7.25%

(c)

725

725,000

Titan

Holdings

5.13%

07/15/29

(c)

EUR

734

808,468

Ziggo

Bond

Co.

6.13%

11/15/32

(c)

1,627

1,757,160

5,158,662

Norway

—

0.2%

Var

Energi

ASA

(5-Year

EURIBOR

ICE

Swap

Rate

4.77%),

7.86%

11/15/83

(b)

(c)

...............

1,673

1,999,512

Portugal

—

1.8%

Banco

Espirito

Santo

(c)(d)(e)

2.63%

05/08/17

............

6,100

1,857,877

Security

Par

(000)

Par

(000)

Value

Portugal

(continued)

4.75%

01/15/18

............

EUR

19,300

5,878,201

4.00%

01/21/25

............

22,800

6,944,196

14,680,274

Slovenia

—

0.3%

(c)

Summer

BidCo

10.00%

(

10.00

Cash

10.75

PIK),

02/15/29

(n)

259

281,982

United

Group

(3-mo.

EURIBOR

0.00%

Floor

4.25%),

7.79%

02/15/31

(b)

...

1,549

1,680,712

6.50%

10/31/31

............

514

560,222

2,522,916

South

Korea

—

0.2%

Hynix,

Inc.

6.25%

01/17/26

(a)

...

USD

2,000

2,028,460

Spain

—

1.6%

Banco

Bilbao

Vizcaya

Argentaria

(5-Year

EUR

Swap

Annual

4.27%),

6.88%

(b)

(c)

(m)

..........

EUR

1,200

1,352,617

California

Buyer

Ltd.

5.63%

02/15/32

(c)

1,025

1,144,127

Cellnex

Telecom

(c)(l)

2.13%

08/11/30

............

3,700

4,208,499

0.75%

11/20/31

............

2,700

2,554,453

Cirsa

Finance

International

SARL

(c)

(3-mo.

EURIBOR

4.50%),

7.56%

07/31/28

(b)

..............

940

1,032,710

7.88%

07/31/28

............

482

555,753

6.50%

03/15/29

............

403

460,983

Grifols

7.50%

05/01/30

(c)

.....

1,000

1,136,699

Natural

Foods

(6-mo.

EURIBOR

0.00%

Floor

6.75%),

9.75%

10/13/29

(b)

(g)

...............

698

759,685

13,205,526

Sweden

—

1.3%

Heimstaden

Bostad

(b)(c)(m)

(5-Year

EUR

Swap

Annual

3.67%),

3.25%

...........

1,031

1,095,789

(5-Year

EUR

Swap

Annual

3.15%),

2.63%

...........

124

119,086

Heimstaden

Bostad

Treasury

(c)

0.63%

07/24/25

............

332

353,306

1.00%

04/13/28

............

996

986,110

Intrum

(c)

3.50%

07/15/26

............

403

324,389

(3-mo.

Stockholm

Interbank

Offered

Rates

0.00%

Floor

3.30%),

6.58%

09/09/26

(b)

.........

SEK

4,000

276,539

3.00%

09/15/27

............

EUR

5,120

4,120,153

9.25%

03/15/28

............

438

353,226

Stena

International

(a)

7.25%

01/15/31

............

USD

2,675

2,777,014

7.63%

02/15/31

............

425

444,956

10,850,568

Switzerland

—

0.6%

(b)(m)

Julius

Baer

Group

Ltd.

(5-Year

EUR

Swap

Annual

3.85%),

6.63%

(c)

EUR

698

768,157

UBS

Group

(5-Year

USD

Swap

Semi

4.87%),

7.00%

(c)

................

USD

2,250

2,252,394

(5-Year

Treasury

Yield

Curve

Rate

Note

Constant

Maturity

4.75%),

9.25%

(a)

..........

225

245,180

Schedule

Investments

(unaudited)

(continued)

October

31,

2024

BlackRock

Global

Long/Short

Credit

Fund

(Percentages

shown

are

based

Net

Assets)

Security

Par

(000)

Par

(000)

Value

Switzerland

(continued)

(USISSO05

3.63%),

6.85%

(a)

USD

1,425

1,412,496

4,678,227

United

Arab

Emirates

—

0.0%

Shelf

Drilling

Holdings

Ltd.

9.63%

04/15/29

(a)

................

265

238,890

United

Kingdom

—

7.7%

Amber

Finco

plc

6.63%

07/15/29

(c)

EUR

1,561

1,774,387

Ardonagh

Finco

Ltd.

6.88%

02/15/31

(c)

1,970

2,167,382

Bellis

Acquisition

Co.

plc

8.13%

05/14/30

(c)

................

GBP

1,503

1,915,023

Bellis

Finco

plc

4.00%

02/16/27

(c)

600

725,161

Boparan

Finance

plc

9.38%

11/07/29

(c)

.................

745

960,640

Bracken

MidCo1

plc

6.75%

(

6.75

Cash

7.50

PIK),

11/01/27

(c)

(n)

598

753,742

British

Airways

Pass-Through

Trust

Series

2013-1

Class

8.63%

12/15/32

(g)

................

USD

18,808

19,560,544

Hutchison

Group

Telecom

Finance

2.63%

10/17/34

(c)

........

GBP

654

609,256

CPUK

Finance

Ltd.

(c)

3.59%

08/28/25

............

341

433,302

7.88%

08/28/29

............

316

418,792

Deuce

Finco

plc

5.50%

06/15/27

(c)

709

893,879

Edge

Finco

plc

8.13%

08/15/31

(c)

1,486

1,935,763

EnQuest

plc

11.63%

11/01/27

(a)

...

USD

2,523

2,550,662

Galaxy

Bidco

Ltd.

6.50%

07/31/26

(c)

GBP

2,257

2,893,554

Global

Switch

Finance

1.38%

10/07/30

(c)

................

EUR

1,960

1,985,729

Greene

King

Finance

plc

Series

(Sterling

Overnight

Index

Average

2.08%

Floor

2.20%),

7.18%

03/15/36

(b)

(c)

...............

GBP

310

312,924

Intu

Jersey

Ltd.

2.88%

11/01/24

(c)

(d)

(e)

4,134

826,259

Jerrold

Finco

plc

5.25%

01/15/27

(c)

1,799

2,289,564

Lloyds

Banking

Group

plc

(b)(m)

(5-Year

U.K.

Government

Bonds

Note

Generic

Bid

Yield

4.61%),

5.13%

.................

587

754,580

(5-Year

EURIBOR

ICE

Swap

Rate

5.29%),

4.95%

(c)

.........

EUR

2,645

2,866,309

Metrocentre

Finance

plc

8.75%

(

8.75

Cash

8.75

PIK),

12/05/24

(n)

................

GBP

632

376,900

Mobico

Group

plc

(c)

(5-Year

U.K.

Government

Bonds

Note

Generic

Bid

Yield

4.14%),

4.25%

(b)

(m)

...............

950

1,120,600

3.63%

11/20/28

(f)

...........

100

116,187

Motion

Finco

SARL

7.38%

06/15/30

(c)

EUR

2,019

2,196,628

Nationwide

Building

Society

(b)(c)(m)

(5-Year

U.K.

Government

Bonds

Note

Generic

Bid

Yield

5.39%),

5.88%

.................

GBP

1,132

1,456,008

(5-Year

U.K.

Government

Bonds

Note

Generic

Bid

Yield

3.85%),

7.50%

.................

850

1,087,812

NatWest

Group

plc

(5-Year

Treasury

Yield

Curve

Rate

Note

Constant

Maturity

5.63%),

6.00%

(b)

(m)

.................

USD

1,433

1,430,139

Security

Par

(000)

Par

(000)

Value

United

Kingdom

(continued)

Phoenix

Group

Holdings

plc

(5-Year

Treasury

Yield

Curve

Rate

Note

Constant

Maturity

4.19%),

8.50%

(b)

(c)

(m)

................

USD

1,470

1,519,069

Pinewood

Finco

plc

6.00%

03/27/30

(c)

GBP

2,004

2,593,425

Premier

Foods

Finance

plc

3.50%

10/15/26

(c)

................

951

1,195,610

Stonegate

Pub

Co.

Financing

2019

plc

(c)

(3-mo.

EURIBOR

6.63%),

10.17%

07/31/29

(b)

........

EUR

587

664,049

10.75%

07/31/29

...........

GBP

556

754,932

Thames

Water

Kemble

Finance

plc

4.63%

05/19/26

(c)

(d)

(e)

.........

432

21,447

Thames

Water

Utilities

Finance

plc

4.00%

06/19/25

(c)

...........

1,810

1,878,876

Zegona

Finance

plc

6.75%

07/15/29

(c)

...........

EUR

1,220

1,395,067

8.63%

07/15/29

(a)

...........

USD

225

237,656

64,671,857

United

States

—

29.4%

AAR

Escrow

Issuer

LLC

6.75%

03/15/29

(a)

................

1,739

1,777,638

Affinity

Interactive

6.88%

12/15/27

(a)

125

102,363

Alexander

Funding

Trust

7.47%

07/31/28

(a)

................

10,012

10,604,435

Allegiant

Travel

Co.

7.25%

08/15/27

(a)

88,651

Allied

Universal

Holdco

LLC

9.75%

07/15/27

(a)

...........

38,092

4.88%

06/01/28

(c)

...........

GBP

1,852

2,185,625

AMC

Networks,

Inc.

10.25%

01/15/29

(a)

..........

USD

107

110,210

4.25%

02/15/29

............

163

112,502

Amkor

Technology,

Inc.

6.63%

09/15/27

(a)

................

3,000

3,009,156

Ardagh

Packaging

Finance

plc

2.13%

08/15/26

(c)

...........

EUR

1,783

1,647,570

4.13%

08/15/26

(a)

...........

USD

604

525,480

4.75%

07/15/27

(c)

...........

GBP

393

309,120

Ashton

Woods

USA

LLC

(a)

4.63%

08/01/29

............

USD

23,367

4.63%

04/01/30

............

110

101,306

Bausch

Lomb

Corp.

8.38%

10/01/28

(a)

................

4,500

4,721,265

Big

River

Steel

LLC

6.63%

01/31/29

(a)

76,725

Buckeye

Partners

4.13%

03/01/25

(a)

................

37,728

California

Resources

Corp.

8.25%

06/15/29

(a)

................

49,487

Calumet

Specialty

Products

Partners

9.75%

07/15/28

(a)

.........

121

124,314

Civitas

Resources,

Inc.

(a)

5.00%

10/15/26

............

97,232

8.38%

07/01/28

............

79,577

Cloud

Software

Group,

Inc.

(a)

6.50%

03/31/29

............

3,000

2,929,691

9.00%

09/30/29

............

1,688

1,687,847

8.25%

06/30/32

............

2,697

2,772,105

Clydesdale

Acquisition

Holdings,

Inc.

8.75%

04/15/30

(a)

...........

57,884

CommScope

Technologies

LLC

6.00%

06/15/25

(a)

................

3,133

3,070,340

Constellium

5.38%

08/15/32

(c)

EUR

1,129

1,218,859

Schedule

Investments

(unaudited)

(continued)

October

31,

2024

BlackRock

Global

Long/Short

Credit

Fund

(Percentages

shown

are

based

Net

Assets)

Security

Par

(000)

Par

(000)

Value

United

States

(continued)

CSC

Holdings

LLC

(a)

5.50%

04/15/27

............

USD

200

178,005

11.25%

05/15/28

...........

200

195,004

11.75%

01/31/29

...........

200

195,108

DISH

DBS

Corp.

5.88%

11/15/24

498

494,273

DISH

Network

Corp.

(l)

0.00%

12/15/25

(k)

...........

226

200,645

3.38%

08/15/26

............

50,377

Dun

Bradstreet

Corp.

(The)

5.00%

12/15/29

(a)

................

2,000

1,959,639

Edison

International

(5-Year

Treasury

Yield

Curve

Rate

Note

Constant

Maturity

3.66%),

7.88%

06/15/54

(b)

................

3,650

3,817,714

EQM

Midstream

Partners

7.50%

06/01/27

(a)

................

7,250

7,412,792

EquipmentShare.com,

Inc.

9.00%

05/15/28

(a)

................

1,822

1,884,012

Forestar

Group,

Inc.

5.00%

03/01/28

(a)

557

533,013

FreeWire

Technologies,

Inc.

0.00%

02/20/28

(g)

................

769

—

Frontier

Communications

Holdings

LLC

(a)

6.75%

05/01/29

............

400

397,894

8.75%

05/15/30

............

11,344

12,009,042

8.63%

03/15/31

............

150

160,771

Frontier

Florida

LLC

Series

6.86%

02/01/28

.................

8,000

8,304,960

Full

House

Resorts,

Inc.

8.25%

02/15/28

(a)

................

29,946

GoTo

Group,

Inc.

5.50%

05/01/28

(a)

...........

740

444,378

Gray

Television,

Inc.

10.50%

07/15/29

(a)

................

2,000

2,077,460

Helios

Software

Holdings,

Inc.

7.88%

05/01/29

(c)

...........

EUR

2,050

2,256,089

Howard

Hughes

Corp.

(The)

5.38%

08/01/28

(a)

................

USD

231

224,574

Illuminate

Buyer

LLC

9.00%

07/01/28

(a)

................

67,869

Iron

Mountain

plc

3.88%

11/15/25

(c)

.................

GBP

1,443

1,837,111

JPMorgan

Chase

Co.

Series

(5-

Year

Treasury

Yield

Curve

Rate

Note

Constant

Maturity

2.85%),

3.65%

(b)

(m)

.................

USD

33,874

Kronos

International,

Inc.

(c)

3.75%

09/15/25

............

EUR

319

344,175

9.50%

03/15/29

............

1,467

1,739,128

Landsea

Homes

Corp.

11.00%

07/17/28

(g)

................

USD

1,819

1,989,622

Lessen,

Inc.

(3-mo.

CME

Term

SOFR

8.50%),

13.40%

01/05/28

(a)

(b)

(g)

1,300

1,216,956

Level

Financing,

Inc.

(a)

4.63%

09/15/27

............

77,138

11.00%

11/15/29

...........

2,000

2,256,824

10.00%

10/15/32

...........

267

264,772

LGI

Homes,

Inc.

8.75%

12/15/28

(a)

81,119

Lightning

eMotors,

Inc.

7.50%

05/15/25

(a)

(d)

(e)

(l)

.............

200

2,000

Lions

Gate

Capital

Holdings

Inc.

5.50%

04/15/29

(a)

...........

17,535

15,474,111

Macy's

Retail

Holdings

LLC

5.88%

04/01/29

(a)

................

2,000

1,954,250

Security

Par

(000)

Par

(000)

Value

United

States

(continued)

Mauser

Packaging

Solutions

Holding

Co.

7.88%

04/15/27

(a)

........

USD

29,798

Microchip

Technology,

Inc.

0.75%

06/01/30

(a)

(l)

................

500

481,250

Midwest

Gaming

Borrower

LLC

4.88%

05/01/29

(a)

................

72,691

Nationstar

Mortgage

Holdings,

Inc.

(a)

6.00%

01/15/27

............

39,855

5.50%

08/15/28

............

193

188,326

NCR

Atleos

Corp.

9.50%

04/01/29

(a)

6,750

7,429,089

Neogen

Food

Safety

Corp.

8.63%

07/20/30

(a)

................

5,334

5,772,999

Nexstar

Media,

Inc.

5.63%

07/15/27

(a)

3,931

Olympus

Water

Holding

Corp.

5.38%

10/01/29

(c)

...........

EUR

720

744,152

Palomino

Funding

Trust

7.23%

05/17/28

(a)

................

USD

10,850

11,424,058

Paramount

Global

7.88%

07/30/30

............

3,650

3,932,197

(5-Year

Treasury

Yield

Curve

Rate

Note

Constant

Maturity

4.00%),

6.38%

03/30/62

(b)

...

2,351

2,176,574

Park

Intermediate

Holdings

LLC

4.88%

05/15/29

(a)

...........

106

100,965

PennyMac

Financial

Services,

Inc.

7.88%

12/15/29

(a)

...........

28,268

Permian

Resources

Operating

LLC

(a)

8.00%

04/15/27

............

131

134,635

5.88%

07/01/29

............

60,134

7.00%

01/15/32

............

43,864

Pilgrim's

Pride

Corp.

6.25%

07/01/33

209

216,955

Pitney

Bowes,

Inc.

6.88%

03/15/27

(a)

4,750

4,699,404

Playtika

Holding

Corp.

4.25%

03/15/29

(a)

................

18,945

Radiology

Partners,

Inc.

7.77%

(

7.77

Cash

3.50

PIK),

01/31/29

(a)

(n)

...............

2,000

1,942,972

Rand

Parent

LLC

8.50%

02/15/30

(a)

2,200

2,195,160

Reworld

Holding

Corp.

4.88%

12/01/29

(a)

................

29,888

RingCentral,

Inc.

8.50%

08/15/30

(a)

7,750

8,196,547

Sabre

GLBL,

Inc.

(a)

8.63%

06/01/27

............

4,739

4,574,367

11.25%

12/15/27

...........

4,308

4,438,195

SCIL

LLC

9.50%

07/15/28

(c)

....

EUR

1,528

1,786,738

Seagate

HDD

Cayman

8.25%

12/15/29

(a)

...........

USD

7,500

8,069,625

8.50%

07/15/31

(a)

...........

1,269

1,368,025

9.63%

12/01/32

............

7,150

8,148,698

Service

Properties

Trust

8.38%

06/15/29

............

4,242

4,145,547

8.63%

11/15/31

(a)

...........

1,250

1,321,029

8.88%

06/15/32

............

263

244,547

Sitio

Royalties

Operating

Partnership

7.88%

11/01/28

(a)

.........

65,400

Sonder

Corp.

10.00%

12/31/24

(g)

196

195,031

Sonder

Holdings,

Inc.

(3-mo.

CME

Term

SOFR

1.00%

Floor

9.00%),

14.33%

12/10/27

(b)

(g)

...

1,519

1,430,256

Spirit

AeroSystems,

Inc.

(a)

9.38%

11/30/29

............

5,500

5,931,816

9.75%

11/15/30

............

1,412

1,567,423

Stem,

Inc.

0.50%

12/01/28

(a)

(l)

.....

13,893

Schedule

Investments

(unaudited)

(continued)

October

31,

2024

BlackRock

Global

Long/Short

Credit

Fund

(Percentages

shown

are

based

Net

Assets)

Security

Par

(000)

Par

(000)

Value

United

States

(continued)

STL

Holding

Co.

LLC

8.75%

02/15/29

(a)

................

USD

55,230

SUN

Country

Marine,

Inc.

Series

2022-

5.75%

03/15/29

(g)

........

9,414

9,473,496

Talen

Energy

Supply

LLC

8.63%

06/01/30

(a)

................

3,850

4,153,111

Tenneco,

Inc.

8.00%

11/17/28

(a)

...

128

118,528

Texas

Capital

Bancshares,

Inc.

(5-Year

Treasury

Yield

Curve

Rate

Note

Constant

Maturity

3.15%),

4.00%

05/06/31

(b)

...........

179

170,021

Transocean

Titan

Financing

Ltd.

8.38%

02/01/28

(a)

...........

79,225

Transocean,

Inc.

8.25%

05/15/29

(a)

78,359

Uniti

Group

(a)

Series

MAY

10.50%

02/15/28

...

439

467,609

10.50%

02/15/28

...........

8,882

9,460,835

Univision

Communications,

Inc.

(a)

8.00%

08/15/28

............

3,000

3,048,741

8.50%

07/31/31

............

1,500

1,474,409

Venture

Global

LNG,

Inc.

(a)

9.50%

02/01/29

............

3,000

3,315,915

(5-Year

Treasury

Yield

Curve

Rate

Note

Constant

Maturity

5.44%),

9.00%

(b)

(m)

.........

115

114,991

Veritas

US,

Inc.

7.50%

09/01/25

(a)

4,148

3,947,715

Vistra

Operations

Co.

LLC

7.75%

10/15/31

(a)

................

1,502

1,586,673

Warnermedia

Holdings,

Inc.

6.41%

03/15/26

.................

7,025

7,025,261

Weekley

Homes

LLC

4.88%

09/15/28

(a)

................

147

140,461

Wildfire

Intermediate

Holdings

LLC

7.50%

10/15/29

(a)

...........

44,614

William

Carter

Co.

(The)

5.63%

03/15/27

(a)

................

6,959

Windstream

Services

LLC

8.25%

10/01/31

(a)

................

1,017

1,029,714

XHR

(a)

6.38%

08/15/25

............

65,974

4.88%

06/01/29

............

15,018

Zayo

Group

Holdings,

Inc.

4.00%

03/01/27

(a)

................

127

113,031

246,972,351

Zambia

—

0.5%

First

Quantum

Minerals

Ltd.

9.38%

03/01/29

(a)

................

3,544

3,755,258

Total

Corporate

Bonds

—

58.7%

(Cost:

533,225,257

)

.............................

492,770,633

Fixed

Rate

Loan

Interests

Jersey,

Channel

Islands

—

0.0%

New

Look

Corp.

Ltd.,

1st

Lien

Term

Loan

0.00

11/09/29

(g)

.......

GBP

213

2,752

Security

Par

(000)

Par

(000)

Value

United

States

—

0.1%

AVSC

Holding

Corp.,

1st

Lien

Term

Loan

5.00

10/15/26

......

USD

392

394,325

Cotiviti

Corp.,

1st

Lien

Term

Loan

05/01/31

(o)

................

481

483,236

877,561

Total

Fixed

Rate

Loan

Interests

—

0.1%

(Cost:

917,504

)

................................

880,313

Floating

Rate

Loan

Interests

Canada

—

0.1%

Great

Canadian

Gaming

Corp.,

1st

Lien

Term

Loan

(3-mo.

CME

Term

SOFR

4.75%),

9.27

11/01/29

(b)

465

463,690

Finland

—

0.2%

Mehilainen

Yhtiot

Oy,

Facility

1st

Lien

Term

Loan

(3-mo.

EURIBOR

0.00%

Floor

4.00%),

7.35

08/05/31

(b)

...........

EUR

1,867

2,036,406

France

—

0.6%

(b)

Financiere

Mendel

SaS,

1st

Lien

Term

Loan

(1-mo.

EURIBOR

0.00%

Floor

3.50%),

6.85

11/08/30

2,500

2,721,469

HomeVi

SAS,

1st

Lien

Term

Loan

10/31/29

(o)

................

2,000

2,124,332

4,845,801

Germany

—

1.2%

(b)

Apleona

Holding

GmbH,

Facility

1st

Lien

Term

Loan

(3-mo.

EURIBOR

0.00%

Floor

3.75%),

6.81

04/28/28

............

2,240

2,437,478

Nidda

Healthcare

Holding

GmbH,

1st

Lien

Term

Loan

(1-mo.

EURIBOR

0.00%

Floor

4.00%),

7.43

02/21/30

............

2,263

2,463,583

Tele

Columbus

AG,

Facility

1st

Lien

Term

Loan

(6-mo.

EURIBOR

6.00%

Floor

0.50%),

0.50

01/01/29

............

1,049

889,337

Elevator

Midco

GmbH,

Facility

1st

Lien

Term

Loan

(6-mo.

EURIBOR

0.00%

Floor

4.00%),

7.59

04/30/30

............

2,357

2,568,520

Wittur

Holding

GmbH,

Facility

1st

Lien

Term

Loan

09/29/28

(o)

.......

1,412

1,332,107

9,691,025

Jersey,

Channel

Islands

—

0.0%

New

Look

Corp.

Ltd.,

1st

Lien

Term

Loan

16.50

11/10/27

(b)

(g)

.....

GBP

390

226,527

Luxembourg

—

1.3%

(b)

Mansart

(Luxembourg)

Bidco

SCS

(6-mo.

CME

Term

SOFR

0.00%

Floor

0.00%),

12.21

01/01/30

(g)

USD

218

219,373

Altice

Financing

SA,

1st

Lien

Term

Loan

(3-mo.

EURIBOR

0.00%

Floor

5.00%),

8.18

10/29/27

EUR

1,191

1,160,095

Chrysaor

Bidco

SARL,

1st

Lien

Term

Loan

05/14/31

(o)

...........

1,862

2,027,775

Schedule

Investments

(unaudited)

(continued)

October

31,

2024

BlackRock

Global

Long/Short

Credit

Fund

(Percentages

shown

are

based

Net

Assets)

Security

Par

(000)

Par

(000)

Value

Luxembourg

(continued)

Concrete

Investment

SCA,

Facility

1st

Lien

Term

Loan

(3-mo.

CME

Term

SOFR

0.00%

Floor

2.00%),

5.87

11/29/24

(g)

.....

EUR

Froneri

International

Ltd.,

1st

Lien

Term

Loan

09/17/31

(o)

............

4,000

4,341,384

Index

HoldCo

SARL,

Facility

1st

Lien

Term

Loan

0.10

12/29/28

...

1,766

360,184

Rainbow

Finco

SARL,

Facility

1st

Lien

Term

Loan

(6-mo.

EURIBOR

0.00%

Floor

3.50%),

6.88

02/26/29

............

2,400

2,603,082

10,711,903

Netherlands

—

1.3%

(b)

Boels

Topholding

BV,

Facility

1st

Lien

Term

Loan

(3-mo.

EURIBOR

0.00%

Floor

3.00%),

6.56

05/23/31

............

1,293

1,411,088

Median

BV,

Facility

1st

Lien

Term

Loan

(Daily

SONIA

0.00%

Floor

5.93%),

11.27

10/14/27

(d)

(e)

....

GBP

1,700

2,102,563

Nobian

Finance

BV,

1st

Lien

Term

Loan

(3-mo.

EURIBOR

0.00%

Floor

3.75%),

7.02

07/02/29

.....

EUR

2,019

2,192,575

Sigma

HoldCo

BV,

Facility

1st

Lien

Term

Loan

(6-mo.

EURIBOR

0.00%

Floor

4.50%),

8.15

8.18

01/03/28

............

2,500

2,714,943

Ziggo

BV,

Facility

1st

Lien

Term

Loan

(1-mo.

EURIBOR

0.00%

Floor

3.00%),

6.25

01/31/29

.....

2,139

2,285,631

10,706,800

Spain

—

0.9%

(b)

Cervantes

Bidco

SL,

1st

Lien

Term

Loan

06/13/31

(o)

...........

1,927

2,103,554

Lorca

Finco

plc,

Facility

1st

Lien

Term

Loan

(6-mo.

EURIBOR

0.00%

Floor

3.50%),

7.20

03/25/31

3,446

3,752,665

PAX

HoldCo

Spain

SL,

Facility

1st

Lien

Term

Loan

(6-mo.

EURIBOR

0.00%

Floor

5.00%),

8.74

12/31/29

............

1,706

1,849,278

7,705,497

United

Kingdom

—

2.5%

(b)

Belron

Finance

LLC,

1st

Lien

Term

Loan

10/01/31

(o)

...........

3,227

3,511,024

CD&R

Firefly

Bidco

Ltd.,

Facility

1st

Lien

Term

Loan

06/21/28

(o)

...

GBP

1,250

1,611,232

Eagle

Bidco

Ltd.,

Facility

1st

Lien

Term

Loan

03/20/28

(o)

...........

EUR

1,217

1,317,610

INEOS

Finance

plc,

1st

Lien

Term

Loan

(1-mo.

EURIBOR

0.00%

Floor

3.50%),

6.65

06/23/31

3,931

4,256,190

Ineos

Quattro

Holdings

Ltd.,

Facility

1st

Lien

Term

Loan

(1-mo.

EURIBOR

0.00%

Floor

4.50%),

7.65

04/03/29

............

2,810

3,045,932

Leased

Tenented

Pubs,

1st

Lien

Term

Loan

10/01/31

(o)

........

GBP

1,310

1,693,402

Market

Bidco

Ltd.,

1st

Lien

Term

Loan

(3-mo.

EURIBOR

0.00%

Floor

4.75%),

8.29

11/04/27

.....

EUR

2,000

2,164,623

Security

Par

(000)

Par

(000)

Value

United

Kingdom

(continued)

Modulaire

Group

Holdings,

Ltd.,

Facility

1st

Lien

Term

Loan

12/15/28

(o)

EUR

2,000

2,146,827

Seashell

Bidco

SL,

Facility

1st

Lien

Term

Loan

(6-mo.

EURIBOR

0.00%

Floor

5.50%),

8.66

10/10/29

(g)

...........

80,194

Zegona

Holdco

Ltd.,

Facility

1st

Lien

Term

Loan

07/16/29

(o)

.......

1,115

1,218,563

21,045,597

United

States

—

9.6%

Aimbridge

Acquisition

Co.,

Inc.,

1st

Lien

Term

Loan

(b)

02/02/26

(o)

................

USD

487

406,656

(3-mo.

CME

Term

SOFR

0.75%

Floor

4.75%),

9.60

02/02/26

173

152,288

Altar

Bidco,

Inc.,

1st

Lien

Term

Loan

(12-mo.

CME

Term

SOFR

0.50%

Floor

3.10%),

7.25

02/01/29

(b)

2,977

2,975,044

Altar

Bidco,

Inc.,

2nd

Lien

Term

Loan

(12-mo.

CME

Term

SOFR

0.50%

Floor

5.60%),

10.40

02/01/30

(b)

11,512

11,166,524

American

Auto

Auction

Group

LLC,

1st

Lien

Term

Loan

(3-mo.

CME

Term

SOFR

0.75%

Floor

5.00%),

9.75

12/30/27

(b)

...........

117

117,628

Amneal

Pharmaceuticals

LLC,

1st

Lien

Term

Loan

(1-mo.

CME

Term

SOFR

0.00%

Floor

5.50%),

10.19

05/04/28

(b)

..........

3,217

3,271,233

Applied

Systems,

Inc.,

1st

Lien

Term

Loan

(3-mo.

CME

Term

SOFR

0.00%

Floor

3.00%),

7.60

02/24/31

(b)

...........

849

850,401

Ascensus

Group

Holdings,

Inc.,

1st

Lien

Term

Loan

(1-mo.

CME

Term

SOFR

0.50%

Floor

3.50%),

8.30

08/02/28

(b)

...........

2,369

AssuredPartners,

Inc.,

1st

Lien

Term

Loan

(1-mo.

CME

Term

SOFR

0.50%

Floor

3.50%),

8.19

02/14/31

(b)

...........

153

153,208

Atlas

Acquisition

Corp.,

1st

Lien

Term

Loan

(3-mo.

CME

Term

SOFR

0.75%

Floor

4.25%),

9.57

05/25/28

(b)

...........

829

596,768

Atlas

Acquisition

Corp.,

1st

Lien

Term

Loan

(3-mo.

CME

Term

SOFR

0.75%

Floor

4.25%),

9.57

05/25/28

(b)

...........

169

121,376

Avaya,

Inc.,

1st

Lien

Term

Loan

(1-mo.

CME

Term

SOFR

1.00%

Floor

7.50%),

12.19

08/01/28

(b)

.....

48,250

AVSC

Holding

Corp.,

1st

Lien

Term

Loan

(1-mo.

CME

Term

SOFR

1.00%

Floor

3.25%),

8.20

03/03/25

(b)

...........

954

949,671

Boxer

Parent

Co.,

Inc.,

1st

Lien

Term

Loan

(3-mo.

EURIBOR

0.00%

Floor

4.00%),

7.66

07/03/31

(b)

EUR

2,388

2,587,806

Champions

Financing,

Inc.,

1st

Lien

Term

Loan

(3-mo.

CME

Term

SOFR

0.00%

Floor

4.75%),

9.85

02/06/29

(b)

...........

USD

763

740,408

Schedule

Investments

(unaudited)

(continued)

October

31,

2024

BlackRock

Global

Long/Short

Credit

Fund

(Percentages

shown

are

based

Net

Assets)

Security

Par

(000)

Par

(000)

Value

United

States

(continued)

Chemours

Co.

(The),

1st

Lien

Term

Loan

(1-mo.

EURIBOR

0.00%

Floor

4.00%),

7.15

08/18/28

(b)

EUR

2,600

2,828,772

Cloud

Software

Group,

Inc.,

1st

Lien

Term

Loan

(3-mo.

CME

Term

SOFR

0.50%

Floor

4.50%),

9.10

9.20

03/21/31

(b)

...........

USD

1,782

1,781,162

Cloud

Software

Group,

Inc.,

Facility

1st

Lien

Term

Loan

(3-mo.

CME

Term

SOFR

0.50%

Floor

4.00%),

8.60

03/30/29

(b)

...........

713

712,658

Cloudera,

Inc.,

1st

Lien

Term

Loan

(1-mo.

CME

Term

SOFR

0.50%

Floor

3.75%),

8.54

10/09/28

(b)

249

245,307

Conair

Holdings

LLC,

1st

Lien

Term

Loan

(1-mo.

CME

Term

SOFR

0.50%

Floor

3.75%),

8.55

05/17/28

(b)

...........

79,691

ConnectWise

LLC,

1st

Lien

Term

Loan

(3-mo.

CME

Term

SOFR

0.50%

Floor

3.50%),

8.37

09/29/28

(b)

179

178,250

CoreWeave

Compute

Acquisition

Co.

LLC,

Delayed

Draw

1st

Lien

Term

Loan

(3-mo.

CME

Term

SOFR

0.00%

Floor

9.62%),

14.20

14.85

07/30/28

(b)

(g)

.........

1,374

1,372,052

CoreWeave

Compute

Acquisition

Co.

LLC,

Delayed

Draw

1st

Lien

Term

Loan

(3-mo.

CME

Term

SOFR

0.00%

Floor

6.00%),

10.60

11.08

05/16/29

(b)

(g)

.........

545

537,883

Cppib

Ovm

Member

LLC,

1st

Lien

Term

Loan

(3-mo.

CME

Term

SOFR

0.00%

Floor

3.25%),

7.85

08/07/31

(b)

...........

198

198,495

CSC

Holdings

LLC,

1st

Lien

Term

Loan

(6-mo.

CME

Term

SOFR

0.00%

Floor

2.50%),

7.17

04/15/27

(b)

...........

43,198

Digital

Room

Holdings,

Inc.,

1st

Lien

Term

Loan

(1-mo.

CME

Term

SOFR

0.50%

Floor

5.25%),

10.04

12/21/28

(b)

..........

236

228,135

DirecTV

Financing

LLC,

1st

Lien

Term

Loan

(3-mo.

CME

Term

SOFR

0.75%

Floor

5.00%),

9.85

08/02/27

(b)

...........

135

135,001

Eastman

Chemical,

1st

Lien

Term

Loan

(3-mo.

CME

Term

SOFR

0.75%

Floor

5.25%),

10.12

11/01/28

(b)

171

143,240

ECL

Entertainment

LLC,

Facility

1st

Lien

Term

Loan

(1-mo.

CME

Term

SOFR

0.00%

Floor

4.00%),

8.69

08/31/30

(b)

...........

491

490,909

EIS

Group

Ltd.,

1st

Lien

Term

Loan

(1-mo.

CME

Term

SOFR

0.75%

Floor

7.00%),

11.69

07/08/27

(b)

(g)

.......

642

632,829

Ellucian

Holdings,

Inc.,

2nd

Lien

Term

Loan

(1-mo.

CME

Term

SOFR

1.00%

Floor

8.00%),

12.79

10/09/28

(b)

(g)

.........

1,417

1,416,667

Security

Par

(000)

Par

(000)

Value

United

States

(continued)

Emerald

Technologies

AcquisitionCo.,

Inc.,

1st

Lien

Term

Loan

(1-mo.

CME

Term

SOFR

0.75%

Floor

6.25%),

11.04

12/29/27

(b)

(g)

.........

USD

283

226,500

First

Brands

Group

LLC,

1st

Lien

Term

Loan

(3-mo.

EURIBOR

1.00%

Floor

5.00%),

8.06

03/30/27

(b)

EUR

2,591

2,774,554

Genesys

Cloud

Services

Holdings

LLC,

1st

Lien

Term

Loan

(1-mo.

CME

Term

SOFR

0.00%

Floor

3.00%),

7.69

12/01/27

(b)

.....

USD

5,236

5,244,813

GoTo

Group,

Inc.,

1st

Lien

Term

Loan

(1-mo.

CME

Term

SOFR

1.00%

Floor

4.75%),

9.67

04/30/28

(b)

399

336,556

Hydrofarm

Holdings

Group,

Inc.,

1st

Lien

Term

Loan

(1-mo.

CME

Term

SOFR

1.00%

Floor

5.50%),

10.46

10/25/28

(b)

(g)

.........

165

131,667

J&J

Ventures

Gaming

LLC,

1st

Lien

Term

Loan

(1-mo.

CME

Term

SOFR

0.75%

Floor

4.00%),

8.80

04/26/28

(b)

...........

318

318,103

Jack

Ohio

Finance

LLC,

1st

Lien

Term

Loan

(1-mo.

CME

Term

SOFR

0.75%

Floor

4.75%),

9.55

10/04/28

(b)

...........

128

128,150

Level

Financing,

Inc.,

1st

Lien

Term

Loan

(1-mo.

CME

Term

SOFR

2.00%

Floor

6.56%),

11.28

04/16/29

(b)

..........

55,441

Maverick

Gaming

LLC,

1st

Lien

Term

Loan

(3-mo.

CME

Term

SOFR

1.00%

Floor

7.50%),

12.11

06/05/28

(b)

........

311

220,339

Medical

Solutions

Holdings,

Inc.,

2nd

Lien

Term

Loan

(3-mo.

CME

Term

SOFR

0.50%

Floor

7.00%),

11.69

11/01/29

(b)

..........

461

299,650

Sub

LLC,

2nd

Lien

Term

Loan

(1-mo.

CME

Term

SOFR

0.00%

Floor

6.25%),

10.94

02/23/29

(b)

302

295,205

Mitchell

International,

Inc.,

1st

Lien

Term

Loan

(1-mo.

CME

Term

SOFR

0.50%

Floor

3.25%),

7.94

06/17/31

(b)

...........

1,078

1,068,427

Montage

Hotels

Resorts

LLC,

Term

Loan

(3-mo.

CME

Term

SOFR

0.00%

Floor

6.00%),

11.10

02/16/29

(b)

(g)

.........

333

332,963

Naked

Juice

LLC,

1st

Lien

Term

Loan

(3-mo.

CME

Term

SOFR

0.50%

Floor

3.25%),

7.95

01/24/29

(b)

399

297,986

Naked

Juice

LLC,

2nd

Lien

Term

Loan

(3-mo.

CME

Term

SOFR

0.50%

Floor

6.00%),

10.70

01/24/30

(b)

969

536,127

NGP

Midstream

Holdings

LLC,

1st

Lien

Term

Loan

(12-mo.

CME

Term

SOFR

0.00%

Floor

4.00%),

8.60

07/25/31

(b)

...........

94,941

Schedule

Investments

(unaudited)

(continued)

October

31,

2024

BlackRock

Global

Long/Short

Credit

Fund

(Percentages

shown

are

based

Net

Assets)

Security

Par

(000)

Par

(000)

Value

United

States

(continued)

Park

River

Holdings,

Inc.,

1st

Lien

Term

Loan

(3-mo.

CME

Term

SOFR

0.75%

Floor

3.25%),

8.10

12/28/27

(b)

...........

USD

88,752

Playtika

Holding

Corp.,

Facility

1st

Lien

Term

Loan

(1-mo.

CME

Term

SOFR

0.00%

Floor

2.75%),

7.55

03/13/28

(b)

...........

477

475,857

Potters

Borrower

LP,

1st

Lien

Term

Loan

(1-mo.

CME

Term

SOFR

0.75%

Floor

3.75%),

8.44

12/14/27

(b)

...........

87,943

Project

Montage

Note,

1st

Lien

Term

Loan

(3-mo.

CME

Term

SOFR

0.00%

Floor

6.00%),

11.10

02/16/29

(b)

(g)

.........

18,498

Proofpoint,

Inc.,

1st

Lien

Term

Loan

(1-mo.

CME

Term

SOFR

0.50%

Floor

3.00%),

7.69

08/31/28

(b)

635

635,309

Quartz

AcquireCo

LLC,

1st

Lien

Term

Loan

(3-mo.

CME

Term

SOFR

0.00%

Floor

2.75%),

7.35

06/28/30

(b)

...........

5,853

5,845,594

RealPage,

Inc.,

2nd

Lien

Term

Loan

(1-mo.

CME

Term

SOFR

0.75%

Floor

6.50%),

11.46

04/23/29

(b)

1,293

1,258,639

Redstone

HoldCo

LP,

1st

Lien

Term

Loan

(3-mo.

CME

Term

SOFR

0.75%

Floor

4.75%),

9.60

04/27/28

(b)

...........

4,690

3,491,191

Redstone

HoldCo

LP,

2nd

Lien

Term

Loan

(3-mo.

CME

Term

SOFR

0.75%

Floor

7.75%),

12.60

04/27/29

(b)

..........

3,548

2,062,275

SCIH

Salt

Holdings,

Inc.,

1st

Lien

Term

Loan

(3-mo.

CME

Term

SOFR

0.75%

Floor

3.50%),

8.09

03/16/27

(b)

...........

343

343,873

Sedgwick

Claims

Management

Services,

Inc.,

1st

Lien

Term

Loan

(3-mo.

CME

Term

SOFR

0.00%

Floor

3.00%),

7.59

07/31/31

(b)

242

242,023

Solaris

Energy

Infrastructure

LLC,

1st

Lien

Term

Loan

(1-mo.

CME

Term

SOFR

1.00%

Floor

6.00%),

10.69

09/11/29

(b)

(g)

.........

488

478,240

StubHub

HoldCo

Sub

LLC,

1st

Lien

Term

Loan

(1-mo.

CME

Term

SOFR

0.00%

Floor

4.75%),

9.44

03/15/30

(b)

...........

1,616

1,610,828

Triton

Water

Holdings,

Inc.,

1st

Lien

Term

Loan

(3-mo.

CME

Term

SOFR

0.50%

Floor

3.25%),

8.12

03/31/28

(b)

...........

169

169,376

Truist

Insurance

Holdings,

Inc.,

1st

Lien

Term

Loan

(3-mo.

CME

Term

SOFR

0.00%

Floor

3.25%),

7.85

05/06/31

(b)

...........

417

417,263

Vaco

Holding

LLC,

1st

Lien

Term

Loan

(1-mo.

CME

Term

SOFR

0.60%

Floor

5.00%),

9.79

01/22/29

(b)

285

277,731

Verifone

Systems,

Inc.,

1st

Lien

Term

Loan

08/20/25

(b)

(o)

...........

5,501

5,087,685

Security

Par

(000)

Par

(000)

Value

United

States

(continued)

Veritas

US,

Inc.,

1st

Lien

Term

Loan

(1-mo.

CME

Term

SOFR

1.00%

Floor

5.00%),

9.80

09/02/25

(b)

USD

249

237,151

Waystar

Technologies,

Inc.,

1st

Lien

Term

Loan

(1-mo.

CME

Term

SOFR

0.00%

Floor

2.75%),

7.44

10/22/29

(b)

...........

4,798

4,812,264

White

Cap

Supply

Holdings

LLC,

Facility

1st

Lien

Term

Loan

(1-mo.

CME

Term

SOFR

0.00%

Floor

3.25%),

7.94

10/19/29

(b)

.....

500

498,635

Woof

Holdings,

Inc.,

1st

Lien

Term

Loan

(3-mo.

CME

Term

SOFR

0.75%

Floor

3.75%),

8.62

12/21/27

(b)

...........

147

97,469

Xerox

Corp.,

1st

Lien

Term

Loan

(1-mo.

CME

Term

SOFR

0.50%

Floor

4.00%),

8.60

8.69

11/19/29

(b)

...........

5,149

5,093,607

Zayo

Group

Holdings,

Inc.,

1st

Lien

Term

Loan

(1-mo.

CME

Term

SOFR

0.00%

Floor

3.00%),

7.80

03/09/27

(b)

...........

86,198

80,941,702

Total

Floating

Rate

Loan

Interests

—

17.7%

(Cost:

153,352,519

)

.............................

148,374,948

Foreign

Agency

Obligations

France

—

0.4%

Electricite

France

(b)(c)(m)

(13-Year

GBP

Swap

Semi

4.23%),

6.00%

...........

GBP

1,000

1,285,582

(5-Year

EUR

Swap

Annual

3.97%),

3.38%

...........

EUR

1,600

1,604,823

2,890,405

Italy

—

0.2%

Banca

Monte

dei

Paschi

Siena

SpA

(3-mo.

EURIBOR

3.21%),

6.75%

03/02/26

(b)

(c)

...............

1,725

1,895,789

Total

Foreign

Agency

Obligations

—

0.6%

(Cost:

4,665,276

)

..............................

4,786,194

Investment

Companies

Invesco

Senior

Loan

ETF

........

260,000

5,457,400

Janus

Henderson

AAA

CLO

ETF

...

160,000

8,144,000

Total

Investment

Companies

—

1.6%

(Cost:

13,620,018

)

..............................

13,601,400

Schedule

Investments

(unaudited)

(continued)

October

31,

2024

BlackRock

Global

Long/Short

Credit

Fund

(Percentages

shown

are

based

Net

Assets)

Security

Par

(000)

(

000)

Value

Non-Agency

Mortgage-Backed

Securities

Commercial

Mortgage-Backed

Securities

—

United

States

—

0.5%

CSMC

Trust,

Series

2022-LION,

Class

(1-mo.

CME

Term

SOFR

3.59%

Floor

3.44%),

8.24%,

02/15/25

(a)

(b)

(g)

..............

USD

4,000

3,911,004

Total

Non-Agency

Mortgage-Backed

Securities

—

0.5%

(Cost:

3,993,739

)

..............................

3,911,004

Preferred

Securities

Capital

Trusts

—

Spain

—

0.3%

Banco

Bilbao

Vizcaya

Argentaria

(5-Year

EUR

Swap

Annual

6.46%),

6.00

(b)

(c)

(m)

..........

EUR

2,000

2,198,560

United

States

—

0.2%

Boeing

Co.

(The)

6.00

10/15/27

(l)

USD

2,060,546

Citigroup,

Inc.

Series

(5-Year

Treasury

Yield

Curve

Rate

Note

Constant

Maturity

3.00%),

4.15

(b)

(m)

.................

33,475

2,094,021

Total

Capital

Trusts

—

0.5%

(Cost:

3,978,523

)

..............................

4,292,581

Preferred

Stocks

—

United

States

—

0.6%

(g)

Cap

Hill

Brands

(Preference)

Class

(e)

506,652

96,264

Coreweave,

Inc.

10.00

(e)

.......

430,000

533,200

Dream

Finders

Homes,

Inc.

(Preference)

9.00

(m)

........

2,261

2,221,432

HNG

Hospitality

offshore

(Acquired

02/16/24

cost

723,000

)

(e)

(j)

.....

723,000

766,380

Lessen

Holdings,

Inc.

Series

(e)

...

16,373

70,404

Versa

Networks,

Inc.

Series

(Acquired

10/14/22

cost

567,638

)

12.00

(e)

(j)

...............

194,516

984,251

4,671,931

Total

Preferred

Stocks

—

0.6%

(Cost:

5,095,410

)

..............................

4,671,931

Total

Preferred

Securities

—

1.1%

(Cost:

9,073,933

)

..............................

8,964,512

Warrants

Brazil

—

0.0%

Lavoro

Ltd.

(

Issued/Exercisable

12/27/22

for

Warrant,

Expires

12/27/27

Strike

Price

USD

11.50

)

(e)

..................

5,012

1,400

Security

Value

Germany

—

0.0%

Tonies

(

Issued/Exercisable

04/30/21

for

Warrant,

Expires

04/30/26

Strike

Price

EUR

11.50

)

(e)

..................

109,736

29,841

Luxembourg

—

0.0%

HomeToGo

(

Issued/Exercisable

02/17/21

for

Warrant,

Expires

12/31/25

Strike

Price

EUR

11.50

)

(e)

..................

71,516

United

States

—

0.0%

(e)

Aurora

Innovation,

Inc.

(

Issued/

Exercisable

05/04/21

for

Warrant,

Expires

11/03/26

Strike

Price

USD

11.50

)

............

529

342

Crown

PropTech

Acquisitions

(

Issued/

Exercisable

01/25/21

for

Warrant,

Expires

12/31/27

Strike

Price

USD

11.50

)

(g)

..........

9,692

—

Crown

PropTech

Acquisitions

(

Issued/

Exercisable

02/05/21

for

Warrant,

Expires

02/01/26

Strike

Price

USD

11.50

)

(g)

..........

16,190

644

EVgo,

Inc.

(

Issued/Exercisable

11/10/20

for

Warrant,

Expires

07/01/26

Strike

Price

USD

11.50

)

...................

7,796

12,006

HawkEye

360,

Inc.

(

Issued/Exercisable

07/07/23

for

Warrant,

Expires

07/07/33

Strike

Price

USD

0.01

)

(g)

...................

4,328

25,102

HawkEye

360,

Inc.

(

Issued/Exercisable

07/07/23

for

Warrant,

Expires

07/07/33

Strike

Price

USD

11.17

)

(g)

..................

1,695

5,322

HawkEye

360,

Inc.

(

Issued/Exercisable

07/07/23

for

Warrant,

Expires

07/07/33

Strike

Price

USD

0.01

)

(g)

...................

10,681

61,950

Latch,

Inc.

(

Issued/Exercisable

12/29/20

for

Warrant,

Expires

06/04/26

Strike

Price

USD

11.50

)

(g)

..................

6,894

Lightning

eMotors,

Inc.

(

Issued/

Exercisable

05/06/21

for

Warrant,

Expires

12/15/25

Strike

Price

USD

11.50

)

(g)

..........

17,391

New

York

Community

Bancorp,

Inc.

(Acquired

03/07/24

cost

)

(

Issued/Exercisable

03/11/24

for

Warrant,

Expires

03/11/31

Strike

Price

USD

2.50

)

(j)

84,569

Offerpad

Solutions,

Inc.

(

Issued/

Exercisable

10/13/20

for

Warrant,

Expires

09/01/26

Strike

Price

USD

11.50

)

............

13,726

Palladyne

Corp.

(

Issued/Exercisable

01/15/21

for

Warrant,

Expires

06/15/27

Strike

Price

USD

69.00

)

...................

5,599

171

Palladyne

Corp.

(

Issued/Exercisable

12/21/20

for

Warrant,

Expires

09/24/26

Strike

Price

USD

11.50

)

...................

20,304

619

Schedule

Investments

(unaudited)

(continued)

October

31,

2024

BlackRock

Global

Long/Short

Credit

Fund

(Percentages

shown

are

based

Net

Assets)

Security

Value

United

States

(continued)

Service

King

Midas

International

(

Issued/Exercisable

07/14/22

for

Warrant,

Expires

04/26/27

Strike

Price

USD

10.00

)

(g)

580

—

Versa

Networks,

Inc.

Series

(Acquired

10/14/22

cost

)

(

Issued/Exercisable

10/14/22

for

Warrant,

Expires

10/07/32

Strike

Price

USD

0.01

)

(g)

(j)

23,975

102,853

Volato

Group,

Inc.

(Acquired

12/03/23

cost

11,228

)

(

Issued/Exercisable

12/04/23

for

Warrant,

Expires

12/03/28

Strike

Price

USD

11.50

)

(j)

..................

11,228

293,681

Total

Warrants

—

0.0

(Cost:

140,376

)

................................

325,000

Total

Long-Term

Investments

—

(Cost:

805,924,308

)

.............................

747,431,342

Par

(000)

(

000)

Short-Term

Securities

Borrowed

Bond

Agreements

—

4.0%

(p)

Barclays

Bank

plc

2.75

11/21/24

(Purchased

10/22/24

repurchased

USD

925,707

collateralized

CommScope

LLC

8.25

due

03/01/27

par

and

fair

value

USD

1,000,000

and

946,930

respectively)

........

USD

925

925,000

Barclays

Bank

plc

4.65

11/21/24

(Purchased

10/22/24

repurchased

USD

138,043

collateralized

Park

River

Holdings,

Inc.

5.63

due

02/01/29

par

and

fair

value

USD

156,000

and

136,243

respectively)

138

137,865

Barclays

Bank

plc

(

0.10

)

Open

(Purchased

08/27/24

repurchased

USD

769,337

collateralized

Webuild

SpA

7.00

due

09/27/28

par

and

fair

value

EUR

620,000

and

731,230

respectively)

(q)

......

EUR

707

769,321

Barclays

Bank

plc

0.00

Open

(Purchased

10/31/24

repurchased

USD

1,366,331

collateralized

Motion

Bondco

DAC

4.50

due

11/15/27

par

and

fair

value

EUR

1,350,000

and

1,336,078

respectively)

(q)

.....

1,256

1,366,331

Barclays

Bank

plc

1.75

Open

(Purchased

07/17/24

repurchased

USD

1,411,348

collateralized

Motion

Bondco

DAC

4.50

due

11/15/27

par

and

fair

value

EUR

1,350,000

and

1,336,078

respectively)

(q)

.....

1,289

1,402,572

Security

Par

(000)

Par

(000)

Value

Barclays

Capital,

Inc.

3.25

11/21/24

(Purchased

10/22/24

repurchased

USD

253,725

collateralized

Great

Lakes

Dredge

Dock

Corp.

5.25

due

06/01/29

par

and

fair

value

USD

261,000

and

245,251

respectively)

USD

253

253,496

BNP

Paribas

0.00

Open

(Purchased

10/31/24

repurchased

USD

1,258,589

collateralized

Banco

Sabadell

5.13

due

06/27/34

par

and

fair

value

EUR

1,100,000

and

1,237,274

respectively)

(q)

.....

EUR

1,157

1,258,589

BNP

Paribas

0.00

Open

(Purchased

10/31/24

repurchased

USD

1,382,368

collateralized

Group

plc

3.63

due

05/18/28

par

and

fair

value

GBP

1,100,000

and

1,351,608

respectively)

(q)

.....

GBP

1,072

1,382,368

BNP

Paribas

0.05

Open

(Purchased

07/17/24

repurchased

USD

1,067,977

collateralized

Webuild

SpA

3.63

due

01/28/27

par

and

fair

value

EUR

990,000

and

1,073,526

respectively)

(q)

.....

EUR

981

1,066,642

BNP

Paribas

2.75

Open

(Purchased

07/17/24

repurchased

USD

1,234,245

collateralized

Banco

Sabadell

5.13

due

06/27/34

par

and

fair

value

EUR

1,100,000

and

1,237,274

respectively)

(q)

.....

1,124

1,222,992

BNP

Paribas

2.75

Open

(Purchased

07/17/24

repurchased

USD

1,376,733

collateralized

Group

plc

3.63

due

05/18/28

par

and

fair

value

GBP

1,100,000

and

1,351,608

respectively)

(q)

.....

GBP

1,059

1,365,716

BNP

Paribas

3.50

Open

(Purchased

07/17/24

repurchased

USD

314,230

collateralized

PHH

Mortgage

Corp.

7.88

due

03/15/26

par

and

fair

value

USD

309,000

and

315,174

respectively)

(q)

......

USD

310

310,159

BofA

Securities,

Inc.

1.70

11/12/24

(Purchased

10/23/24

repurchased

USD

480,016

collateralized

Bondco

LLC

9.50

due

10/15/31

par

and

fair

value

USD

450,000

and

477,842

respectively)

........

480

479,813

Goldman

Sachs

Co.

LLC

4.60

Open

(Purchased

06/12/24

repurchased

USD

333,749

collateralized

PBF

Holding

Co.

LLC

6.00

due

02/15/28

par

and

fair

value

USD

329,000

and

319,323

respectively)

(q)

..............

327

327,355

Schedule

Investments

(unaudited)

(continued)

October

31,

2024

BlackRock

Global

Long/Short

Credit

Fund

(Percentages

shown

are

based

Net

Assets)

Security

Par

(000)

Par

(000)

Value

Goldman

Sachs

International

0.00

Open

(Purchased

10/31/24

repurchased

USD

1,185,084

collateralized

Verisure

Midholding

5.25

due

02/15/29

par

and

fair

value

EUR

1,080,000

and

1,172,561

respectively)

(q)

..............

EUR

1,089

1,185,084

Goldman

Sachs

International

2.85

Open

(Purchased

07/17/24

repurchased

USD

1,197,026

collateralized

Verisure

Midholding

5.25

due

02/15/29

par

and

fair

value

EUR

1,080,000

and

1,172,561

respectively)

(q)

..............

1,090

1,185,766

J.P.

Morgan

Securities

plc

(

0.10

)

Open

(Purchased

08/27/24

repurchased

USD

372,050

collateralized

Webuild

SpA

7.00

due

09/27/28

par

and

fair

value

EUR

300,000

and

353,821

respectively)

(q)

......

342

372,252

J.P.

Morgan

Securities

plc

0.00

Open

(Purchased

10/31/24

repurchased

USD

1,817,291

collateralized

Erste

Group

Bank

0.88

due

11/15/32

par

and

fair

value

EUR

1,800,000

and

1,799,611

respectively)

(q)

..............

1,671

1,817,291

J.P.

Morgan

Securities

plc

0.00

Open

(Purchased

10/31/24

repurchased

USD

1,817,291

collateralized

Erste

Group

Bank

0.88

due

11/15/32

par

and

fair

value

EUR

1,800,000

and

1,799,611

respectively)

(q)

..............

1,671

1,817,291

J.P.

Morgan

Securities

plc

0.00

Open

(Purchased

10/31/24

repurchased

USD

1,120,091

collateralized

CTEC

GmbH

5.25

due

02/15/30

par

and

fair

value

EUR

1,100,000

and

1,104,273

respectively)

(q)

.....

1,030

1,120,091

J.P.

Morgan

Securities

plc

2.20

Open

(Purchased

08/28/24

repurchased

USD

1,119,691

collateralized

CTEC

GmbH

5.25

due

02/15/30

par

and

fair

value

EUR

1,100,000

and

1,104,273

respectively)

(q)

.....

1,025

1,115,389

J.P.

Morgan

Securities

plc

2.87

Open

(Purchased

09/17/24

repurchased

USD

1,263,501

collateralized

Grifols

2.25

due

11/15/27

par

and

fair

value

EUR

1,200,000

and

1,240,452

respectively)

(q)

.....

1,157

1,258,779

J.P.

Morgan

Securities

plc

2.90

Open

(Purchased

07/17/24

repurchased

USD

1,791,859

collateralized

Erste

Group

Bank

0.88

due

11/15/32

par

and

fair

value

EUR

1,800,000

and

1,799,611

respectively)

(q)

..............

1,632

1,774,745

Security

Par

(000)

Par

(000)

Value

J.P.

Morgan

Securities

plc

2.95

Open

(Purchased

07/17/24

repurchased

USD

1,792,120

collateralized

Erste

Group

Bank

0.88

due

11/15/32

par

and

fair

value

EUR

1,800,000

and

1,799,610

respectively)

(q)

..............

EUR

1,632

1,774,745

J.P.

Morgan

Securities

plc

2.95

Open

(Purchased

08/27/24

repurchased

USD

515,769

collateralized

Wizz

Air

Finance

Co.

1.00

due

01/19/26

par

and

fair

value

EUR

495,000

and

518,652

respectively)

(q)

..............

471

512,763

J.P.

Morgan

Securities

plc

2.95

Open

(Purchased

08/07/24

repurchased

USD

401,905

collateralized

Wizz

Air

Finance

Co.

1.00

due

01/19/26

par

and

fair

value

EUR

385,000

and

403,396

respectively)

(q)

..............

367

398,841

J.P.

Morgan

Securities

plc

2.95

Open

(Purchased

08/06/24

repurchased

USD

689,509

collateralized

Wizz

Air

Finance

Co.

1.00

due

01/19/26

par

and

fair

value

EUR

660,000

and

691,536

respectively)

(q)

..............

629

684,187

J.P.

Morgan

Securities

plc

2.95

Open

(Purchased

08/06/24

repurchased

USD

689,900

collateralized

Wizz

Air

Finance

Co.

1.00

due

01/19/26

par

and

fair

value

EUR

660,000

and

691,536

respectively)

(q)

..............

629

684,575

RBC

Capital

Markets

LLC

4.65

Open

(Purchased

09/09/24

repurchased

USD

3,024,772

collateralized

Intel

Corp.

5.20

due

02/10/33

par

and

fair

value

USD

3,000,000

and

2,950,198

respectively)

(q)

.....

USD

3,004

3,003,750

RBC

Europe

Ltd.

0.00

Open

(Purchased

10/31/24

repurchased

USD

1,185,084

collateralized

Verisure

Midholding

5.25

due

02/15/29

par

and

fair

value

EUR

1,080,000

and

1,172,561

respectively)

(q)

.....

EUR

1,089

1,185,084

RBC

Europe

Ltd.

2.90

Open

(Purchased

07/17/24

repurchased

USD

1,197,200

collateralized

Verisure

Midholding

5.25

due

02/15/29

par

and

fair

value

EUR

1,080,000

and

1,172,562

respectively)

(q)

.....

1,090

1,185,766

Total

Borrowed

Bond

Agreements

—

4.0%

(Cost:

33,515,635

)

..............................

33,344,618

Schedule

Investments

(unaudited)

(continued)

October

31,

2024

BlackRock

Global

Long/Short

Credit

Fund

(Percentages

shown

are

based

Net

Assets)

Security

Value

Money

Market

Funds

—

9.7%

BlackRock

Liquidity

Funds,

T-Fund,

Institutional

Class

4.75

(r)

(s)

....

81,342,692

Total

Money

Market

Funds

—

(Cost:

81,342,692

)

..............................

81,342,692

Total

Short-Term

Securities

—

13.7%

(Cost:

114,858,327

)

.............................

114,687,310

Total

Options

Purchased

—

(Cost:

3,325,151

)

..............................

3,130,231

Total

Investments

Before

Options

Written

and

Borrowed

Bonds

—

103.1%

(Cost:

924,107,786

)

.............................

865,248,883

Total

Options

Written

—

(

)

(Premiums

Received

—

(

1,894,195

)

.................

(

2,119,293

)

Par

(000)

(

000)

Borrowed

Bonds

Corporate

Bonds

—

(

)

Austria

—

(0.4)%

Erste

Group

Bank

(5-Year

EURIBOR

ICE

Swap

Rate

1.10%),

0.88

11/15/32

(b)

...........

EUR

(

3,600

)

(

3,599,221

)

Germany

—

(0.1)%

CTEC

GmbH

5.25

02/15/30

...

(

1,100

)

(

1,104,273

)

Italy

—

(0.3)%

Webuild

SpA:

3.63

01/28/27

............

(

990

)

(

1,073,526

)

7.00

09/27/28

............

(

920

)

(

1,085,051

)

(

2,158,577

)

Security

Par

(000)

Par

(000)

Value

Spain

—

(0.3)%

Banco

Sabadell

(5-Year

EURIBOR

ICE

Swap

Rate

2.40%),

5.13

06/27/34

(b)

...........

EUR

(

1,100

)

(

1,237,274

)

Grifols

2.25

11/15/27

.......

(

1,200

)

(

1,240,452

)

(

2,477,726

)

Sweden

—

(0.3)%

Verisure

Midholding

5.25

02/15/29

............

(

2,160

)

(

2,345,123

)

Switzerland

—

(0.3)%

Wizz

Air

Finance

Co.

1.00

01/19/26

............

(

2,200

)

(

2,305,120

)

United

Kingdom

—

(0.3)%

Motion

Bondco

DAC

4.50

11/15/27

(

1,350

)

(

1,336,078

)

Group

plc

3.63

05/18/28

...

GBP

(

1,100

)

(

1,351,608

)

(

2,687,686

)

United

States

—

(0.6)%

CommScope

LLC

8.25

03/01/27

(a)

USD

(

1,000

)

(

946,930

)

Bondco

LLC

9.50

10/15/31

(a)

(

450

)

(

477,842

)

Great

Lakes

Dredge

Dock

Corp.

5.25

06/01/29

(a)

...........

(

261

)

(

245,251

)

Intel

Corp.

5.20

02/10/33

......

(

3,000

)

(

2,950,198

)

Park

River

Holdings,

Inc.

5.63

02/01/29

(a)

...........

(

156

)

(

136,243

)

PBF

Holding

Co.

LLC

6.00

02/15/28

(

329

)

(

319,323

)

PHH

Mortgage

Corp.

7.88

03/15/26

(a)

...........

(

309

)

(

315,174

)

(

5,390,961

)

Total

Borrowed

Bonds

—

(

)

(Proceeds:

(

21,355,086

)

.........................

(

22,068,687

)

Total

Investments

Net

Options

Written

and

Borrowed

Bonds

—

100

(Cost:

900,858,505

)

.............................

841,060,903

Liabilities

Excess

Other

Assets

—

(

0.3

)

............

(

2,335,556

)

Net

Assets

—

100.0%

..............................

838,725,347

(a)

Security

exempt

from

registration

pursuant

Rule

144A

under

the

Securities

Act

1933,

amended.

These

securities

may

resold

transactions

exempt

from

registration

qualified

institutional

investors.

(b)

Variable

rate

security.

Interest

rate

resets

periodically.

The

rate

shown

the

effective

interest

rate

period

end.

Security

description

also

includes

the

reference

rate

and

spread

published

and

available.

(c)

This

security

may

resold

qualified

foreign

investors

and

foreign

institutional

buyers

under

Regulation

the

Securities

Act

1933.

(d)

Issuer

filed

for

bankruptcy

and/or

default.

(e)

Non-income

producing

security.

(f)

Step

coupon

security.

Coupon

rate

will

either

increase

(step-up

bond)

decrease

(step-down

bond)

regular

intervals

until

maturity.

Interest

rate

shown

reflects

the

rate

currently

effect.

(g)

Security

valued

using

significant

unobservable

inputs

and

classified

Level

the

fair

value

hierarchy.

(h)

security

contractually

bound

one

other

securities

form

single

saleable

unit

which

cannot

sold

separately.

(i)

All

portion

the

security

has

been

pledged

and/or

segregated

collateral

connection

with

outstanding

exchange-traded

options

written.

(j)

Restricted

security

resale,

excluding

144A

securities.

The

Fund

held

restricted

securities

with

current

value

$3,464,196,

representing

0.41%

its

net

assets

period

end,

and

original

cost

$2,838,768.

(k)

Zero-coupon

bond.

(l)

Convertible

security.

(m)

Perpetual

security

with

stated

maturity

date.

(n)

Payment-in-kind

security

which

may

pay

interest/dividends

additional

par/shares

and/or

cash.

Rates

shown

are

the

current

rate

and

possible

payment

rates.

(o)

Represents

unsettled

loan

commitment

period

end.

Certain

details

associated

with

this

purchase

are

not

known

prior

the

settlement

date,

including

coupon

rate.

(p)

Certain

agreements

have

stated

maturity

and

can

terminated

either

party

any

time.

(q)

The

amount

repurchased

assumes

the

maturity

will

the

day

after

the

period

end.

(r)

Affiliate

the

Fund.

(s)

Annualized

7-day

yield

period

end.

Schedule

Investments

(unaudited)

(continued)

October

31,

2024

BlackRock

Global

Long/Short

Credit

Fund

Affiliates

Investments

issuers

considered

affiliate(s)

the

Fund

during

the period

ended

October

31,

2024

for

purposes

Section

2(a)(3)

the

Investment

Company

Act

1940,

amended,

were

follows:

Affiliated

Issuer

Value

07/31/24

Purchases

Cost

Proceeds

from

Sales

Net

Realized

Gain

(Loss)

Change

Unrealized

Appreciation

(Depreciation)

Value

10/31/24

Held

10/31/24

Income

Capital

Gain

Distributions

from

Underlying

Funds

BlackRock

Liquidity

Funds,

T-Fund,

Institutional

Class

94,657,933

—

(

13,315,241

)

(a)

—

81,342,692

1,019,347

—

(a)

Represents

net

amount

purchased

(sold).

Schedule

Investments

(unaudited)

(continued)

October

31,

2024

BlackRock

Global

Long/Short

Credit

Fund

Derivative

Financial

Instruments

Outstanding

Period

End

Futures

Contracts

Description

Number

Contracts

Expiration

Date

Notional

Amount

(000)

Value/

Unrealized

Appreciation

(Depreciation)

Long

Contracts

U.S.

Treasury

10-Year

Note

...................................................

12/19/24

6,518

(

226,981

)

U.S.

Treasury

10-Year

Ultra

Note

...............................................

12/19/24

228

(

9,025

)

U.S.

Treasury

5-Year

Note

....................................................

12/31/24

2,681

(

78,354

)

(

314,360

)

Short

Contracts

EURO

STOXX

Index

.....................................................

12/20/24

631

2,580

Russell

2000

E-Mini

Index

....................................................

12/20/24

5,632

14,399

S&P

500

E-Mini

Index

.......................................................

12/20/24

287

(

2,394

)

14,585

(

299,775

)

Forward

Foreign

Currency

Exchange

Contracts

Currency

Purchased

Currency

Sold

Counterparty

Settlement

Date

Unrealized

Appreciation

(Depreciation)

USD

134,755

EUR

120,579

Barclays

Bank

plc

11/04/24

3,595

USD

763,466

GBP

569,195

Barclays

Bank

plc

11/04/24

29,518

EUR

14,510,000

USD

15,728,059

JPMorgan

Chase

Bank

12/18/24

85,730

USD

531,853

AUD

788,000

Royal

Bank

Canada

12/18/24

13,042

USD

46,470

CAD

63,000

Toronto

Dominion

Bank

12/18/24

1,154

USD

746,455

EUR

668,321

Barclays

Bank

plc

12/18/24

18,082

USD

300,821,222

EUR

269,438,000

BNP

Paribas

12/18/24

7,172,996

USD

2,475,647

EUR

2,253,000

Deutsche

Bank

12/18/24

20,205

USD

5,369,395

EUR

4,805,430

JPMorgan

Chase

Bank

12/18/24

132,175

USD

1,377,733

EUR

1,234,000

Toronto

Dominion

Bank

12/18/24

32,853

USD

728,596

GBP

555,000

Barclays

Bank

plc

12/18/24

13,014

USD

48,179,030

GBP

36,711,000

Deutsche

Bank

12/18/24

846,196

USD

3,180,865

GBP

2,408,000

Morgan

Stanley

Co.

International

plc

12/18/24

76,143

USD

139,037

GBP

107,000

Natwest

Markets

plc

12/18/24

1,078

USD

104,963

GBP

79,000

State

Street

Bank

and

Trust

Co.

12/18/24

3,105

USD

101,039

GBP

77,000

UBS

12/18/24

1,760

USD

142,687

JPY

19,821,000

Morgan

Stanley

Co.

International

plc

12/18/24

11,448

USD

59,040

JPY

8,482,000

Morgan

Stanley

Co.

International

plc

12/18/24

2,879

USD

271,615

SEK

2,751,000

Barclays

Bank

plc

12/18/24

12,790

8,477,763

EUR

5,617,679

USD

6,256,191

BNP

Paribas

12/18/24

(

133,739

)

GBP

1,951,000

USD

2,530,408

JPMorgan

Chase

Bank

12/18/24

(

14,912

)

USD

2,375,221

EUR

2,194,000

Deutsche

Bank

12/18/24

(

15,920

)

USD

684,437

EUR

632,537

Goldman

Sachs

International

12/18/24

(

4,936

)

USD

2,593,274

EUR

2,389,392

JPMorgan

Chase

Bank

12/18/24

(

10,816

)

USD

29,231

EUR

27,000

Standard

Chartered

Bank

12/18/24

(

195

)

(

180,518

)

8,297,245

Exchange-Traded

Options

Purchased

Description

Number

Contracts

Expiration

Date

Exercise

Price

Notional

Amount

(000)

Value

Call

EURO

STOXX

Index

.......................

424

11/15/24

EUR

5,100.00

EUR

20,469

17,295

Hewlett

Packard

Enterprise

Co.

..................

750

11/15/24

USD

22.00

USD

1,462

5,625

Schedule

Investments

(unaudited)

(continued)

October

31,

2024

BlackRock

Global

Long/Short

Credit

Fund

Exchange-Traded

Options

Purchased

(continued)

Description

Number

Contracts

Expiration

Date

Exercise

Price

Notional

Amount

(000)

Value

iShares

20+

Year

Treasury

Bond

ETF

..............

750

11/15/24

USD

96.00

USD

6,934

42,000

Sabre

Corp.

...............................

500

11/15/24

USD

4.00

USD

160

1,000

SPDR

S&P

Regional

Banking

ETF

................

400

11/15/24

USD

64.00

USD

2,358

26,800

Uniti

Group,

Inc.

............................

500

11/15/24

USD

6.00

USD

254

3,750

Uniti

Group,

Inc.

............................

550

11/15/24

USD

7.00

USD

279

4,125

Western

Digital

Corp.

.........................

250

11/15/24

USD

77.50

USD

1,633

1,875

Western

Digital

Corp.

.........................

350

11/15/24

USD

82.50

USD

2,286

2,275

CBOE

Volatility

Index

.........................

250

11/20/24

USD

28.00

USD

579

27,875

CBOE

Volatility

Index

.........................

350

11/20/24

USD

25.00

USD

811

50,400

U.S.

Treasury

30-Year

Bond

....................

11/22/24

USD

122.00

USD

5,000

28,125

Lions

Gate

Entertainment

Corp.

..................

500

12/20/24

USD

11.00

USD

395

76,249

Paramount

Global

...........................

500

12/20/24

USD

15.00

USD

547

1,000

S&P

500

Index

.............................

12/20/24

USD

5,800.00

USD

17,687

348,285

S&P

500

Index

.............................

12/20/24

USD

5,600.00

USD

17,687

751,440

Sabre

Corp.

...............................

500

12/20/24

USD

5.00

USD

160

1,000

Western

Digital

Corp.

.........................

350

12/20/24

USD

85.00

USD

2,286

6,825

Paramount

Global

...........................

500

01/17/25

USD

15.00

USD

547

1,250

Sabre

Corp.

...............................

1,000

01/17/25

USD

5.00

USD

320

2,500

Uniti

Group,

Inc.

............................

750

01/17/25

USD

6.00

USD

380

15,000

Sabre

Corp.

...............................

1,000

04/17/25

USD

7.00

USD

320

3,500

1,418,194

Put

American

Airlines

Group,

Inc.

....................

500

11/15/24

USD

9.00

USD

670

3,500

American

Airlines

Group,

Inc.

....................

1,000

11/15/24

USD

8.00

USD

1,340

2,000

EURO

STOXX

Banks

Index

....................

1,000

11/15/24

EUR

135.00

EUR

7,263

32,633

iShares

Russell

2000

ETF

......................

200

11/15/24

USD

210.00

USD

4,355

53,300

S&P

500

Index

.............................

11/15/24

USD

5,700.00

USD

20,540

309,960

S&P

500

Index

.............................

11/15/24

USD

5,300.00

USD

20,540

55,260

EURO

STOXX

Banks

Index

....................

2,000

12/20/24

EUR

115.00

EUR

14,526

38,071

Intel

Corp.

................................

500

12/20/24

USD

17.00

USD

1,076

23,500

iShares

iBoxx

High

Yield

Corporate

Bond

ETF

.......

1,250

12/20/24

USD

76.00

USD

9,893

18,750

S&P

500

Index

.............................

12/20/24

USD

5,100.00

USD

9,129

48,800

S&P

500

Index

.............................

12/20/24

USD

4,500.00

USD

9,129

18,880

S&P

500

Index

.............................

01/17/25

USD

5,700.00

USD

17,116

441,000

S&P

500

Index

.............................

01/17/25

USD

5,300.00

USD

17,116

198,300

iShares

iBoxx

High

Yield

Corporate

Bond

ETF

.......

1,500

02/21/25

USD

74.00

USD

11,871

135,750

1,379,704

2,797,898

OTC

Credit

Default

Swaptions

Purchased

Paid

the

Fund

Received

the

Fund

Description

Rate/Reference

Frequency

Counterparty

Expiration

Date

Exercise

Price

Notional

Amount

(000)

(a)

Value

Put

Bought

Protection

5-Year

Credit

Default

Swap

......

.00

Markit

CDX

North

American

Investment

Grade

Index

Series

43.V1

Quarterly

Goldman

Sachs

International

11/20/24

USD

60.00

USD

50,000

27,240

Bought

Protection

5-Year

Credit

Default

Swap

......

.00

iTraxx

Europe

Main

Index

Series

42.V1

Quarterly

Morgan

Stanley

Co.

International

plc

12/18/24

EUR

60.00

EUR

37,920

81,013

Bought

Protection

5-Year

Credit

Default

Swap

......

.00

Markit

CDX

North

American

Investment

Grade

Index

Series

43.V1

Quarterly

Goldman

Sachs

International

11/20/24

USD

62.50

USD

50,000

21,479

Bought

Protection

5-Year

Credit

Default

Swap

......

.00

iTraxx

Europe

Main

Index

Series

42.V1

Quarterly

Morgan

Stanley

Co.

International

plc

12/18/24

EUR

82.50

EUR

37,920

18,143

Schedule

Investments

(unaudited)

(continued)

October

31,

2024

BlackRock

Global

Long/Short

Credit

Fund

OTC

Credit

Default

Swaptions

Purchased

(continued)

Paid

the

Fund

Received

the

Fund

Description

Rate/Reference

Frequency

Counterparty

Expiration

Date

Exercise

Price

Notional

Amount

(000)

(a)

Value

Bought

Protection

5-Year

Credit

Default

Swap

......

.00

Markit

CDX

North

American

High

Yield

Index

Series

43.V1

Quarterly

BNP

Paribas

11/20/24

USD

105.50

USD

5,000

11,000

Bought

Protection

5-Year

Credit

Default

Swap

......

.00

Markit

CDX

North

American

High

Yield

Index

Series

43.V1

Quarterly

BNP

Paribas

11/20/24

USD

105.50

USD

5,000

11,000

Bought

Protection

5-Year

Credit

Default

Swap

......

.00

Markit

CDX

North

American

High

Yield

Index

Series

43.V1

Quarterly

Bank

America

11/20/24

USD

106.00

USD

10,000

29,108

Bought

Protection

5-Year

Credit

Default

Swap

......

.00

Markit

CDX

North

American

High

Yield

Index

Series

43.V1

Quarterly

Bank

America

11/20/24

USD

106.00

USD

7,500

21,831

Bought

Protection

5-Year

Credit

Default

Swap

......

.00

iTraxx

Europe

Crossover

Index

Series

42.V1

Quarterly

BNP

Paribas

11/20/24

EUR

325.00

EUR

4,781

22,378

Bought

Protection

5-Year

Credit

Default

Swap

......

.00

iTraxx

Europe

Crossover

Index

Series

42.V1

Quarterly

Morgan

Stanley

Co.

International

plc

11/20/24

EUR

325.00

EUR

4,790

22,420

Bought

Protection

5-Year

Credit

Default

Swap

......

.00

iTraxx

Europe

Crossover

Index

Series

42.V1

Quarterly

Morgan

Stanley

Co.

International

plc

11/20/24

EUR

325.00

EUR

14,255

66,721

332,333

(a)

The

maximum

potential

amount

the

Fund

may

pay

should

negative

credit

event

take

place

defined

under

the

terms

the

agreement.

Exchange-Traded

Options

Written

Description

Number

Contracts

Expiration

Date

Exercise

Price

Notional

Amount

(000)

Value

Call

EURO

STOXX

Index

........................

424

11/15/24

EUR

5,300.00

EUR

20,469

(

1,614

)

iShares

20+

Year

Treasury

Bond

ETF

...............

750

11/15/24

USD

101.00

USD

6,934

(

6,750

)

SPDR

S&P

Regional

Banking

ETF

.................

400

11/15/24

USD

70.00

USD

2,358

(

12,000

)

Western

Digital

Corp.

..........................

250

11/15/24

USD

85.00

USD

1,633

(

10,000

)

CBOE

Volatility

Index

..........................

600

11/20/24

USD

45.00

USD

1,390

(

28,200

)

U.S.

Treasury

30-Year

Bond

.....................

11/22/24

USD

128.00

USD

5,000

(

3,124

)

S&P

500

Index

..............................

12/20/24

USD

5,700.00

USD

35,374

(

1,070,740

)

(

1,132,428

)

Put

EURO

STOXX

Banks

Index

.....................

1,000

11/15/24

EUR

125.00

EUR

7,263

(

10,877

)

iShares

Russell

2000

ETF

.......................

200

11/15/24

USD

185.00

USD

4,355

(

5,000

)

S&P

500

Index

..............................

11/15/24

USD

5,500.00

USD

41,079

(

251,280

)

S&P

500

Index

..............................

01/17/25

USD

5,500.00

USD

34,233

(

586,500

)

(

853,657

)

(

1,986,085

)

Schedule

Investments

(unaudited)

(continued)

October

31,

2024

BlackRock

Global

Long/Short

Credit

Fund

OTC

Credit

Default

Swaptions

Written

Paid

the

Fund

Received

the

Fund

Description

Rate/Reference

Frequency

Counterparty

Expiration

Date

Credit

Rating

(a)

Exercise

Price

Notional

Amount

(000)

(b)

Value

Call

Sold

Protection

5-Year

Credit

Default

Swap

.........

.00

iTraxx

Europe

Main

Index

Series

42.V1

Quarterly

Morgan

Stanley

Co.

International

plc

12/18/24

EUR

55.00

EUR

37,920

(

29,403

)

Sold

Protection

5-Year

Credit

Default

Swap

.........

.00

iTraxx

Europe

Crossover

Index

Series

42.V1

Quarterly

Morgan

Stanley

Co.

International

plc

11/20/24

EUR

300.00

EUR

4,790

(

9,555

)

(

38,958

)

Put

Sold

Protection

5-Year

Credit

Default

Swap

.........

Markit

CDX

North

American

Investment

Grade

Index

Series

43.V1

.00

Quarterly

Goldman

Sachs

International

11/20/24

USD

75.00

USD

50,000

(

10,278

)

Sold

Protection

5-Year

Credit

Default

Swap

.........

iTraxx

Europe

Main

Index

Series

42.V1

.00

Quarterly

Morgan

Stanley

Co.

International

plc

12/18/24

EUR

75.00

EUR

37,920

(

26,471

)

Sold

Protection

5-Year

Credit

Default

Swap

.........

Markit

CDX

North

American

Investment

Grade

Index

Series

43.V1

.00

Quarterly

Goldman

Sachs

International

11/20/24

USD

80.00

USD

50,000

(

8,555

)

Sold

Protection

5-Year

Credit

Default

Swap

.........

Markit

CDX

North

American

High

Yield

Index

Series

43.V1

.00

Quarterly

Bank

America

11/20/24

USD

101.00

USD

10,000

(

5,684

)

Sold

Protection

5-Year

Credit

Default

Swap

.........

Markit

CDX

North

American

High

Yield

Index

Series

43.V1

.00

Quarterly

Bank

America

11/20/24

USD

101.00

USD

7,500

(

4,263

)

Sold

Protection

5-Year

Credit

Default

Swap

.........

Markit

CDX

North

American

High

Yield

Index

Series

43.V1

.00

Quarterly

BNP

Paribas

11/20/24

USD

103.00

USD

5,000

(

2,000

)

Sold

Protection

5-Year

Credit

Default

Swap

.........

Markit

CDX

North

American

High

Yield

Index

Series

43.V1

.00

Quarterly

BNP

Paribas

11/20/24

USD

103.00

USD

5,000

(

2,000

)

Sold

Protection

5-Year

Credit

Default

Swap

.........

iTraxx

Europe

Crossover

Index

Series

42.V1

.00

Quarterly

BNP

Paribas

11/20/24

EUR

375.00

EUR

4,781

(

7,023

)

Sold

Protection

5-Year

Credit

Default

Swap

.........

iTraxx

Europe

Crossover

Index

Series

42.V1

.00

Quarterly

Morgan

Stanley

Co.

International

plc

11/20/24

EUR

375.00

EUR

4,790

(

7,036

)

Sold

Protection

5-Year

Credit

Default

Swap

.........

iTraxx

Europe

Crossover

Index

Series

42.V1

.00

Quarterly

Morgan

Stanley

Co.

International

plc

11/20/24

EUR

375.00

EUR

14,255

(

20,940

)

(

94,250

)

(

133,208

)

(a)

Using

the

rating

the

issuer

the

underlying

securities

the

index,

applicable,

provided

S&P

Global

Ratings.

(b)

The

maximum

potential

amount

the

Fund

may

pay

should

negative

credit

event

take

place

defined

under

the

terms

the

agreement.

Centrally

Cleared

Credit

Default

Swaps

—

Buy

Protection

Reference

Obligation/Index

Financing

Rate

Paid

the

Fund

Payment

Frequency

Termination

Date

Notional

Amount

(000)

Value

Upfront

Premium

Paid

(Received)

Unrealized

Appreciation

(Depreciation)

iTraxx

Europe

Crossover

Index

Series

42.V1

.00

Quarterly

12/20/29

EUR

228

(

21,346

)

(

20,577

)

(

769

)

iTraxx

Europe

Main

Index

Series

42.V1

.....

.00

Quarterly

12/20/29

EUR

37,920

(

867,085

)

(

826,495

)

(

40,590

)

iTraxx

Europe

Main

Index

Series

42.V1

.....

.00

Quarterly

12/20/29

EUR

728

(

16,649

)

(

16,256

)

(

393

)

iTraxx

Europe

Senior

Financials

Index

Series

42.V1

.........................

.00

Quarterly

12/20/29

EUR

1,937

(

37,244

)

(

35,509

)

(

1,735

)

Schedule

Investments

(unaudited)

(continued)

October

31,

2024

BlackRock

Global

Long/Short

Credit

Fund

Centrally

Cleared

Credit

Default

Swaps

—

Buy

Protection

(continued)

Reference

Obligation/Index

Financing

Rate

Paid

the

Fund

Payment

Frequency

Termination

Date

Notional

Amount

(000)

Value

Upfront

Premium

Paid

(Received)

Unrealized

Appreciation

(Depreciation)

iTraxx

Europe

Subordinated

Financials

Index

Series

42.V1

.....................

.00

Quarterly

12/20/29

EUR

4,396

4,088

39,321

(

35,233

)

Markit

CDX

North

American

High

Yield

Index

Series

43.V1

.....................

.00

Quarterly

12/20/29

USD

4,802

(

331,031

)

(

331,207

)

176

(

1,269,267

)

(

1,190,723

)

(

78,544

)

Centrally

Cleared

Interest

Rate

Swap

Paid

the

Fund

Received

the

Fund

Rate

Frequency

Rate

Frequency

Termination

Date

Notional

Amount

(000)

Value

Upfront

Premium

Paid

(Received)

Unrealized

Appreciation

(Depreciation)

0.18%

Quarterly

1-day

EFFR

Quarterly

10/21/25

USD

143

5,575

—

5,575

1-day

SOFR

Quarterly

0.17%

Quarterly

10/21/25

USD

143

(

5,638

)

—

(

5,638

)

(

)

—

(

)

OTC

Credit

Default

Swap

—

Buy

Protection

Reference

Obligation/Index

Financing

Rate

Paid

the

Fund

Payment

Frequency

Counterparty

Termination

Date

Notional

Amount

(000)

Value

Upfront

Premium

Paid

(Received)

Unrealized

Appreciation

(Depreciation)

American

Airlines

Group,

Inc.

.00

Quarterly

JPMorgan

Chase

Bank

12/20/24

USD

1,000

(

11,036

)

(

1,567

)

(

9,469

)

American

Airlines

Group,

Inc.

.00

Quarterly

JPMorgan

Chase

Bank

12/20/24

USD

500

(

5,518

)

(

783

)

(

4,735

)

Avis

Budget

Car

Rental

LLC

.00

Quarterly

JPMorgan

Chase

Bank

12/20/24

USD

270

(

3,018

)

608

(

3,626

)

Southwest

Airlines

Co.

......

.00

Quarterly

Citibank

12/20/24

USD

10,000

(

22,573

)

(

5,567

)

(

17,006

)

Ally

Financial,

Inc.

.........

.00

Quarterly

Citibank

06/20/25

USD

1,320

(

45,961

)

(

18,017

)

(

27,944

)

Ally

Financial,

Inc.

.........

.00

Quarterly

Citibank

06/20/25

USD

880

(

30,640

)

(

12,014

)

(

18,626

)

Ardagh

Packaging

Finance

plc

.00

Quarterly

Deutsche

Bank

06/20/25

EUR

574

129,561

121,878

7,683

Ardagh

Packaging

Finance

plc

.00

Quarterly

Deutsche

Bank

06/20/25

EUR

964

217,591

190,746

26,845

Ardagh

Packaging

Finance

plc

.00

Quarterly

JPMorgan

Chase

Bank

06/20/25

EUR

873

197,050

102,587

94,463

Avis

Budget

Car

Rental

LLC

.00

Quarterly

JPMorgan

Chase

Bank

06/20/25

USD

270

(

8,144

)

4,252

(

12,396

)

Macy's

Retail

Holdings

LLC

...

.00

Quarterly

Goldman

Sachs

International

06/20/25

USD

2,300

(

6,282

)

70,746

(

77,028

)

Simon

Property

Group

....

.00

Quarterly

Goldman

Sachs

International

06/20/25

USD

1,200

(

7,917

)

12,472

(

20,389

)

Simon

Property

Group

....

.00

Quarterly

Goldman

Sachs

International

06/20/25

USD

1,000

(

6,598

)

13,654

(

20,252

)

Boparan

Finance

plc

.......

.00

Quarterly

Goldman

Sachs

International

12/20/25

EUR

864

(

35,022

)

19,725

(

54,747

)

Grifols

...............

.00

Quarterly

JPMorgan

Chase

Bank

12/20/25

EUR

670

(

24,215

)

(

7,493

)

(

16,722

)

Grifols

...............

.00

Quarterly

Morgan

Stanley

Co.

International

plc

12/20/25

EUR

1,068

(

38,600

)

(

3,032

)

(

35,568

)

Community

Health

Systems,

Inc.

.00

Quarterly

Goldman

Sachs

International

06/20/26

USD

200

1,666

11,773

(

10,107

)

Community

Health

Systems,

Inc.

.00

Quarterly

Goldman

Sachs

International

06/20/26

USD

300

2,499

22,894

(

20,395

)

BorgWarner,

Inc.

..........

.00

Quarterly

BNP

Paribas

12/20/27

USD

2,000

(

37,641

)

17,401

(

55,042

)

INEOS

Group

Holdings

...

.00

Quarterly

BNP

Paribas

12/20/27

EUR

449

(

68,611

)

(

30,111

)

(

38,500

)

Intesa

Sanpaolo

SpA

.......

.00

Quarterly

BNP

Paribas

12/20/27

EUR

2,100

(

20,677

)

104,995

(

125,672

)

Pitney

Bowes,

Inc.

.........

.00

Quarterly

Bank

America

12/20/27

USD

750

35,445

125,679

(

90,234

)

Pitney

Bowes,

Inc.

.........

.00

Quarterly

Barclays

Bank

plc

12/20/27

USD

510

24,103

83,162

(

59,059

)

Pitney

Bowes,

Inc.

.........

.00

Quarterly

Citibank

12/20/27

USD

300

14,178

51,490

(

37,312

)

Pitney

Bowes,

Inc.

.........

.00

Quarterly

Citibank

12/20/27

USD

1,500

70,890

349,894

(

279,004

)

Pitney

Bowes,

Inc.

.........

.00

Quarterly

Citibank

12/20/27

USD

450

21,267

79,489

(

58,222

)

Pitney

Bowes,

Inc.

.........

.00

Quarterly

Goldman

Sachs

International

12/20/27

USD

500

23,630

81,577

(

57,947

)

Pitney

Bowes,

Inc.

.........

.00

Quarterly

JPMorgan

Chase

Bank

12/20/27

USD

1,000

47,260

221,023

(

173,763

)

Simon

Property

Group

....

.00

Quarterly

Goldman

Sachs

International

12/20/27

USD

5,250

(

104,176

)

51,300

(

155,476

)

Simon

Property

Group

....

.00

Quarterly

JPMorgan

Chase

Bank

12/20/27

USD

3,650

(

72,427

)

35,733

(

108,160

)

UniCredit

SpA

............

.00

Quarterly

JPMorgan

Chase

Bank

12/20/27

EUR

1,939

(

19,366

)

87,509

(

106,875

)

Xerox

Corp.

.............

.00

Quarterly

Citibank

12/20/27

USD

490

41,824

35,864

5,960

Xerox

Corp.

.............

.00

Quarterly

JPMorgan

Chase

Bank

12/20/27

USD

830

70,845

60,966

9,879

Deutsche

Bank

.........

.00

Quarterly

JPMorgan

Chase

Bank

06/20/28

EUR

600

(

7,944

)

36,478

(

44,422

)

Schedule

Investments

(unaudited)

(continued)

October

31,

2024

BlackRock

Global

Long/Short

Credit

Fund

OTC

Credit

Default

Swaps

—

Buy

Protection

(continued)

Reference

Obligation/Index

Financing

Rate

Paid

the

Fund

Payment

Frequency

Counterparty

Termination

Date

Notional

Amount

(000)

Value

Upfront

Premium

Paid

(Received)

Unrealized

Appreciation

(Depreciation)

Deutsche

Bank

.........

.00

Quarterly

JPMorgan

Chase

Bank

06/20/28

EUR

117

(

1,549

)

4,620

(

6,169

)

Paramount

Global

.........

.00

Quarterly

JPMorgan

Chase

Bank

06/20/28

USD

4,150

(

6,047

)

133,844

(

139,891

)

UBS

Group

...........

.00

Quarterly

JPMorgan

Chase

Bank

06/20/28

EUR

775

(

17,584

)

20,160

(

37,744

)

Boeing

Co.

(The)

..........

.00

Quarterly

Deutsche

Bank

12/20/28

USD

200

316

(

810

)

1,126

Global

Finance

plc

......

.00

Quarterly

Deutsche

Bank

12/20/28

EUR

1,711

(

95,037

)

57,235

(

152,272

)

Gap,

Inc.

(The)

...........

.00

Quarterly

Morgan

Stanley

Co.

International

plc

12/20/28

USD

1,000

13,289

128,738

(

115,449

)

International

Consolidated

Airlines

Group

.......

.00

Quarterly

JPMorgan

Chase

Bank

12/20/28

EUR

3,000

(

543,132

)

(

157,802

)

(

385,330

)

Xerox

Corp.

.............

.00

Quarterly

JPMorgan

Chase

Bank

12/20/28

USD

170

25,822

17,061

8,761

Xerox

Corp.

.............

.00

Quarterly

Morgan

Stanley

Co.

International

plc

12/20/28

USD

330

50,124

33,117

17,007

Boeing

Co.

(The)

..........

.00

Quarterly

JPMorgan

Chase

Bank

06/20/29

USD

200

1,227

2,226

(

999

)

DXC

Technology

Co.

.......

.00

Quarterly

JPMorgan

Chase

Bank

06/20/29

USD

1,500

(

241,226

)

(

176,341

)

(

64,885

)

DXC

Technology

Co.

.......

.00

Quarterly

JPMorgan

Chase

Bank

06/20/29

USD

750

(

120,613

)

(

77,928

)

(

42,685

)

Novafives

SAS

...........

.00

Quarterly

Goldman

Sachs

International

06/20/29

EUR

948

(

179,325

)

(

81,544

)

(

97,781

)

Novafives

SAS

...........

.00

Quarterly

JPMorgan

Chase

Bank

06/20/29

EUR

1,026

(

194,080

)

(

68,309

)

(

125,771

)

Picard

Bondco

.........

.00

Quarterly

Deutsche

Bank

06/20/29

EUR

1,069

(

99,252

)

(

87,747

)

(

11,505

)

Xerox

Corp.

.............

.00

Quarterly

Bank

America

06/20/29

USD

700

124,968

77,784

47,184

Global

Finance

plc

......

.00

Quarterly

Deutsche

Bank

12/20/29

EUR

970

(

41,190

)

(

19,825

)

(

21,365

)

Grifols

...............

.00

Quarterly

BNP

Paribas

12/20/29

EUR

1,245

(

40,912

)

(

36,984

)

(

3,928

)

Ladbrokes

Group

Finance

plc

.00

Quarterly

Goldman

Sachs

International

12/20/29

EUR

2,131

49,019

55,036

(

6,017

)

Republic

Panama

........

.00

Quarterly

Citibank

12/20/29

USD

4,000

142,018

128,231

13,787

Southwest

Airlines

Co.

......

.00

Quarterly

Citibank

12/20/29

USD

14,570

(

37,840

)

(

20,345

)

(

17,495

)

Stena

...............

.00

Quarterly

Morgan

Stanley

Co.

International

plc

12/20/29

EUR

2,617

(

400,213

)

(

352,038

)

(

48,175

)

Telecom

Italia

SpA

.........

.00

Quarterly

Goldman

Sachs

International

12/20/29

EUR

994

42,038

50,125

(

8,087

)

United

Group

..........

.00

Quarterly

Deutsche

Bank

12/20/29

EUR

964

(

77,219

)

(

66,966

)

(

10,253

)

Verisure

Midholding

......

.00

Quarterly

Deutsche

Bank

12/20/29

EUR

1,000

(

85,719

)

(

73,489

)

(

12,230

)

Volvo

Car

............

.00

Quarterly

Barclays

Bank

plc

12/20/29

EUR

4,140

(

525,252

)

(

562,759

)

37,507

Ziggo

Bond

Co.

........

.00

Quarterly

BNP

Paribas

12/20/29

EUR

1,901

(

145,831

)

(

125,752

)

(

20,079

)

–

(

2,081,757

)

714,849

(

2,796,606

)

–

OTC

Credit

Default

Swap

—

Sell

Protection

Reference

Obligation/Index

Financing

Rate

Received

the

Fund

Payment

Frequency

Counterparty

Termination

Date

Credit

Rating

(a)

Notional

Amount

(000)

(b)

Value

Upfront

Premium

Paid

(Received)

Unrealized

Appreciation

(Depreciation)

ADLER

Real

Estate

GmbH

.00

Quarterly

JPMorgan

Chase

Bank

12/20/24

CCC+

EUR

420

2,655

(

5,397

)

8,052

Sprint

Communications

LLC

.00

Quarterly

Barclays

Bank

plc

06/20/25

BBB-

USD

667

24,026

15,887

8,139

Sprint

Communications

LLC

.00

Quarterly

Barclays

Bank

plc

06/20/25

BBB-

USD

1,300

46,850

29,991

16,859

Sprint

Communications

LLC

.00

Quarterly

Barclays

Bank

plc

06/20/25

BBB-

USD

2,200

79,286

52,196

27,090

Sprint

Communications

LLC

.00

Quarterly

Barclays

Bank

plc

06/20/25

BBB-

USD

2,000

72,078

41,592

30,486

Sprint

Communications

LLC

.00

Quarterly

Barclays

Bank

plc

06/20/25

BBB-

USD

3,000

108,117

57,262

50,855

CCO

Holdings

LLC

....

.00

Quarterly

BNP

Paribas

12/20/25

BB-

USD

545

30,155

23,044

7,111

CCO

Holdings

LLC

....

.00

Quarterly

BNP

Paribas

12/20/25

BB-

USD

909

50,258

38,388

11,870

CCO

Holdings

LLC

....

.00

Quarterly

JPMorgan

Chase

Bank

12/20/25

BB-

USD

545

30,155

23,239

6,916

CCO

Holdings

LLC

....

.00

Quarterly

JPMorgan

Chase

Bank

12/20/25

BB-

USD

2,000

110,568

80,751

29,817

ADLER

Real

Estate

GmbH

.00

Quarterly

Goldman

Sachs

International

06/20/26

CCC+

EUR

712

11,421

(

18,820

)

30,241

ADLER

Real

Estate

GmbH

.00

Quarterly

Barclays

Bank

plc

12/20/27

CCC+

EUR

125

4,848

(

16,806

)

21,654

ADLER

Real

Estate

GmbH

.00

Quarterly

Barclays

Bank

plc

12/20/27

CCC+

EUR

182

7,067

(

24,492

)

31,559

ADLER

Real

Estate

GmbH

.00

Quarterly

Citibank

12/20/27

CCC+

EUR

248

9,650

(

34,426

)

44,076

ADLER

Real

Estate

GmbH

.00

Quarterly

Morgan

Stanley

Co.

International

plc

12/20/27

CCC+

EUR

377

14,643

(

52,003

)

66,646

CMA

CGM

........

.00

Quarterly

Bank

America

12/20/27

BB+

EUR

800

99,896

(

15,717

)

115,613

CMA

CGM

........

.00

Quarterly

BNP

Paribas

12/20/27

BB+

EUR

942

117,628

(

20,409

)

138,037

Boparan

Finance

plc

...

.00

Quarterly

Goldman

Sachs

International

12/20/28

EUR

2,137

50,515

(

141,233

)

191,748

Schedule

Investments

(unaudited)

(continued)

October

31,

2024

BlackRock

Global

Long/Short

Credit

Fund

OTC

Credit

Default

Swaps

—

Sell

Protection

(continued)

Reference

Obligation/Index

Financing

Rate

Received

the

Fund

Payment

Frequency

Counterparty

Termination

Date

Credit

Rating

(a)

Notional

Amount

(000)

(b)

Value

Upfront

Premium

Paid

(Received)

Unrealized

Appreciation

(Depreciation)

ADLER

Real

Estate

GmbH

.00

Quarterly

JPMorgan

Chase

Bank

06/20/29

CCC+

EUR

712

39,346

(

15,973

)

55,319

Forvia

...........

.00

Quarterly

Deutsche

Bank

06/20/29

EUR

969

81,881

105,127

(

23,246

)

Intrum

...........

.00

Quarterly

Goldman

Sachs

International

06/20/29

EUR

256

(

65,779

)

(

67,491

)

1,712

Intrum

...........

.00

Quarterly

Goldman

Sachs

International

06/20/29

EUR

170

(

43,853

)

(

38,814

)

(

5,039

)

Pitney

Bowes,

Inc.

.....

.00

Quarterly

JPMorgan

Chase

Bank

06/20/29

USD

2,000

(

214,156

)

(

202,462

)

(

11,694

)

Virgin

Media

Finance

plc

.00

Quarterly

Bank

America

06/20/29

B-

EUR

1,200

74,571

38,298

36,273

Vistra

Operations

Co.

LLC

.00

Quarterly

JPMorgan

Chase

Bank

06/20/29

BB+

USD

1,000

168,900

137,525

31,375

Vistra

Operations

Co.

LLC

.00

Quarterly

JPMorgan

Chase

Bank

06/20/29

BB+

USD

650

109,785

97,783

12,002

ADT

Security

Corp.

(The)

.00

Quarterly

Barclays

Bank

plc

12/20/29

BB-

USD

2,000

358,655

342,524

16,131

ADT

Security

Corp.

(The)

.00

Quarterly

Goldman

Sachs

International

12/20/29

USD

2,000

358,655

324,251

34,404

Amkor

Technology,

Inc.

.00

Quarterly

Citibank

12/20/29

USD

4,000

738,205

749,411

(

11,206

)

Amkor

Technology,

Inc.

.00

Quarterly

JPMorgan

Chase

Bank

12/20/29

USD

2,000

369,103

386,583

(

17,480

)

Apache

Corp.

........

.00

Quarterly

Citibank

12/20/29

BBB-

USD

2,000

(

28,069

)

(

32,362

)

4,293

Apache

Corp.

........

.00

Quarterly

JPMorgan

Chase

Bank

12/20/29

BBB-

USD

1,000

(

14,034

)

(

12,202

)

(

1,832

)

Apache

Corp.

........

.00

Quarterly

JPMorgan

Chase

Bank

12/20/29

BBB-

USD

4,000

(

56,138

)

(

63,102

)

6,964

Apache

Corp.

........

.00

Quarterly

JPMorgan

Chase

Bank

12/20/29

BBB-

USD

1,000

(

14,034

)

(

9,079

)

(

4,955

)

AT&T,

Inc.

...........

.00

Quarterly

Bank

America

12/20/29

BBB

USD

13,000

235,202

223,502

11,700

AT&T,

Inc.

...........

.00

Quarterly

Bank

America

12/20/29

BBB

USD

3,000

54,277

55,317

(

1,040

)

Boeing

Co.

(The)

......

.00

Quarterly

JPMorgan

Chase

Bank

12/20/29

BBB-

USD

3,000

(

31,659

)

(

45,953

)

14,294

Bristol-Myers

Squibb

Co.

.00

Quarterly

Bank

America

12/20/29

USD

10,000

307,096

295,997

11,099

Broadcom,

Inc.

.......

.00

Quarterly

JPMorgan

Chase

Bank

12/20/29

BBB

USD

5,000

132,036

132,025

CCO

Holdings

LLC

....

.00

Quarterly

Bank

America

12/20/29

BB-

USD

500

61,855

55,098

6,757

CCO

Holdings

LLC

....

.00

Quarterly

Bank

America

12/20/29

BB-

USD

500

61,855

53,735

8,120

CCO

Holdings

LLC

....

.00

Quarterly

Morgan

Stanley

Co.

International

plc

12/20/29

BB-

USD

1,500

185,564

154,042

31,522

CCO

Holdings

LLC

....

.00

Quarterly

Morgan

Stanley

Co.

International

plc

12/20/29

BB-

USD

500

61,855

55,697

6,158

Devon

Energy

Corp.

....

.00

Quarterly

Citibank

12/20/29

BBB

USD

3,000

12,413

10,398

2,015

Devon

Energy

Corp.

....

.00

Quarterly

JPMorgan

Chase

Bank

12/20/29

BBB

USD

10,000

41,377

27,516

13,861

EQM

Midstream

Partners

..............

.00

Quarterly

JPMorgan

Chase

Bank

12/20/29

BBB-

USD

2,000

381,918

361,507

20,411

Eutelsat

..........

.00

Quarterly

JPMorgan

Chase

Bank

12/20/29

B+

EUR

950

(

87,275

)

(

50,280

)

(

36,995

)

Forvia

...........

.00

Quarterly

Goldman

Sachs

International

12/20/29

EUR

481

37,187

35,649

1,538

iTraxx

Europe

Crossover

Index

Series

42.V1

.00

Quarterly

BNP

Paribas

12/20/29

BB-

EUR

3,157

405,427

376,506

28,921

iTraxx

Europe

Crossover

Index

Series

42.V1

.00

Quarterly

BNP

Paribas

12/20/29

BB-

EUR

13,829

3,072,341

2,902,962

169,379

NRG

Energy,

Inc.

......

.00

Quarterly

JPMorgan

Chase

Bank

12/20/29

USD

2,000

346,578

346,922

(

344

)

Oracle

Corp.

.........

.00

Quarterly

Bank

America

12/20/29

BBB

USD

8,000

238,261

236,798

1,463

Pitney

Bowes,

Inc.

.....

.00

Quarterly

Morgan

Stanley

Co.

International

plc

12/20/29

USD

1,000

(

125,657

)

(

120,129

)

(

5,528

)

Royal

Caribbean

Cruises

Ltd.

.............

.00

Quarterly

Bank

America

12/20/29

BB+

USD

2,000

377,516

353,309

24,207

Royal

Caribbean

Cruises

Ltd.

.............

.00

Quarterly

Barclays

Bank

plc

12/20/29

BB+

USD

2,000

377,516

341,766

35,750

Schedule

Investments

(unaudited)

(continued)

October

31,

2024

BlackRock

Global

Long/Short

Credit

Fund

(a)

The

Fund

receives

the

total

return

portfolio

long

positions

underlying the

total

return

swap.

The

Fund

pays

the

total

return

portfolio

short

positions

underlying

the

total

return

swap.

addition,

the

Fund

pays

receives

variable

rate

interest,

based

specified

benchmark.

The

benchmark

and

spread

are

determined

based

upon

the

country

and/or

currency

the

individual

underlying

positions.

The

following

are

the

specified

benchmarks

(plus

minus

range)

used

determining

the

variable

rate

interest:

OTC

Credit

Default

Swaps

—

Sell

Protection

(continued)

Reference

Obligation/Index

Financing

Rate

Received

the

Fund

Payment

Frequency

Counterparty

Termination

Date

Credit

Rating

(a)

Notional

Amount

(000)

(b)

Value

Upfront

Premium

Paid

(Received)

Unrealized

Appreciation

(Depreciation)

Sirius

Radio,

Inc.

...

.00

Quarterly

Bank

America

12/20/29

BB+

USD

500

68,768

66,591

2,177

Sirius

Radio,

Inc.

...

.00

Quarterly

Bank

America

12/20/29

BB+

USD

2,000

275,074

224,417

50,657

Sirius

Radio,

Inc.

...

.00

Quarterly

Bank

America

12/20/29

BB+

USD

500

68,768

60,427

8,341

Sirius

Radio,

Inc.

...

.00

Quarterly

Barclays

Bank

plc

12/20/29

BB+

USD

500

68,768

61,892

6,876

Sirius

Radio,

Inc.

...

.00

Quarterly

Citibank

12/20/29

BB+

USD

4,000

550,147

464,077

86,070

Teva

Pharmaceutical

Finance

Netherlands

III

.............

.00

Quarterly

Citibank

12/20/29

BB-

USD

2,000

(

35,614

)

(

30,629

)

(

4,985

)

Teva

Pharmaceutical

Finance

Netherlands

III

.............

.00

Quarterly

Goldman

Sachs

International

12/20/29

BB-

USD

2,000

(

35,614

)

(

35,111

)

(

503

)

Uber

Technologies,

Inc.

.00

Quarterly

Barclays

Bank

plc

12/20/29

BBB-

USD

2,000

416,842

410,161

6,681

Verizon

Communications,

Inc.

.............

.00

Quarterly

Bank

America

12/20/29

BBB+

USD

3,000

57,163

65,897

(

8,734

)

Verizon

Communications,

Inc.

.............

.00

Quarterly

Bank

America

12/20/29

BBB+

USD

10,000

190,543

205,061

(

14,518

)

Vistra

Operations

Co.

LLC

.00

Quarterly

Barclays

Bank

plc

12/20/29

BB+

USD

3,000

537,524

489,053

48,471

Vistra

Operations

Co.

LLC

.00

Quarterly

JPMorgan

Chase

Bank

12/20/29

BB+

USD

650

116,464

107,163

9,301

Vistra

Operations

Co.

LLC

.00

Quarterly

JPMorgan

Chase

Bank

12/20/29

BB+

USD

650

116,464

107,682

8,782

Vistra

Operations

Co.

LLC

.00

Quarterly

JPMorgan

Chase

Bank

12/20/29

BB+

USD

1,000

179,175

166,661

12,514

Vistra

Operations

Co.

LLC

.00

Quarterly

JPMorgan

Chase

Bank

12/20/29

BB+

USD

1,000

179,175

166,661

12,514

11,632,184

10,105,451

1,526,733

(a)

Using

the

rating

the

issuer

the

underlying

securities

the

index,

applicable,

provided

S&P

Global

Ratings.

(b)

The

maximum

potential

amount

the

Fund

may

pay

should

negative

credit

event

take

place

defined

under

the

terms

the

agreement.

OTC

Total

Return

Swaps

Reference

Entity

Payment

Frequency

Counterparty

(a)

Termination

Date

Net

Notional

Accrued

Unrealized

Appreciation

(Depreciation)

Net

Value

Reference

Entity

Gross

Notional

Amount

Net

Asset

Percentage

Equity

Securities

Long/Short

...

Monthly

Barclays

Bank

plc

(b)

07/25/25

1,075,114‌

(

181,432‌

)

(c)

898,067‌

.1‌

Monthly

JPMorgan

Chase

Bank

(d)

11/12/24

(

2,616,726‌

)

65,764‌

(e)

(

2,547,358‌

)

.7‌

Monthly

Merrill

Lynch

International

Co.

(f)

02/15/28

(

31,000‌

)

1,319‌

(g)

(

25,350‌

)

.0‌

Monthly

Merrill

Lynch

International

Co.

(h)

02/15/28

(

14,856‌

)

39,623‌

(i)

35,906‌

.5‌

(

74,726‌

)

(

1,638,735‌

)

(b)

(d)

(f)

Range:

20-26

basis

points

15-296

basis

points

basis

points

Benchmarks:

EUR

Euro

Short

Term

Rate

(ESTR)

USD

Overnight

Bank

Funding

Rate

(OBFR01)

USD

Overnight

Bank

Funding

Rate

(OBFR01)

USD

Overnight

Bank

Funding

Rate

(OBFR01)

Schedule

Investments

(unaudited)

(continued)

October

31,

2024

BlackRock

Global

Long/Short

Credit

Fund

(h)

Range:

20-50

basis

points

Benchmarks:

GBP

Sterling

Overnight

Index

Average

(SONIA)

USD

Overnight

Bank

Funding

Rate

(OBFR01)

(b)

Barclays

Bank

(c)

Amount

includes

$(4,385)

net

dividends

and

financing

fees.

(d)

JPMChase

(e)

Amount

includes

$(3,604)

net

dividends

and

financing

fees.

(f)

Merill

(g)

Amount

includes

$(4,331)

net

dividends

and

financing

fees.

(h)

Merill

Lynch

(i)

Amount

includes

$(11,139)

net

dividends

and

financing

fees.

The

following

table

represents

the

individual

long

positions

and

values

equity

securities

underlying

the

total

return

swap

with

Barclays

Bank

plc,

period

end,

termination

date

July

25,

2025:

Value

Basket

Value

Reference

Entity

—

Long

Common

Stocks

Germany

Northern

Data

.........

29,000

873,079

United

States

AMC

Networks,

Inc.

Class

3,085

24,988

Total

Reference

Entity

—

Long

............

898,067

Net

Value

Reference

Entity

—

Barclays

Bank

plc

................................

898,067

The

following

table

represents

the

individual

long

and

short

positions

and

values

equity

securities

underlying

the

total

return

swap

with

JPMorgan

Chase

Bank

NA,

period

end,

termination

date

November

12,

2024:

Value

Basket

Value

Reference

Entity

—

Long

Common

Stocks

United

States

AMC

Networks,

Inc.

Class

1,180

9,558

(

)

Eagle

Bancorp,

Inc.

........

759

19,893

(

)

Flagstar

Financial,

Inc.

......

7,321

74,089

(

)

Informatica,

Inc.

Class

....

30,000

819,000

(

)

Western

Digital

Corp.

.......

10,000

653,100

(

)

1,575,640

Reference

Entity

—

Short

Investment

Companies

United

States

iShares

iBoxx

High

Yield

Corporate

Bond

ETF

.....

(

32,029

)

(

2,534,775

)

iShares

iBoxx

Investment

Grade

Corporate

Bond

ETF

(

7,392

)

(

805,654

)

Vanguard

Intermediate-Term

Corporate

Bond

ETF

.....

(

8,447

)

(

687,332

)

(

4,027,761

)

Value

Basket

Value

Common

Stocks

United

States

Atlantic

Union

Bankshares

Corp.

(

350

)

(

13,230

)

Community

Financial

System,

Inc.

.................

(

333

)

(

20,360

)

CVB

Financial

Corp.

.......

(

839

)

(

16,302

)

Provident

Financial

Services,

Inc.

.................

(

1,159

)

(

21,650

)

ServisFirst

Bancshares,

Inc.

(

285

)

(

23,695

)

(

95,237

)

Net

Value

Reference

Entity

—

JPMorgan

Chase

Bank

............................

(

2,547,358

)

The

following

table

represents

the

individual

short

positions

and

values

equity

securities

underlying

the

total

return

swap

with

Merrill

Lynch

International

Co.,

period

end,

termination

date

February

15,

2028:

Value

Basket

Value

Reference

Entity

—

Short

Common

Stocks

United

States

Brandywine

Realty

Trust

....

(

5,000

)

(

25,350

)

100

Net

Value

Reference

Entity

—

Merrill

Lynch

International

Co.

.....................

(

25,350

)

The

following

table

represents

the

individual

long

and

short

positions

and

values

equity

securities

underlying

the

total

return

swap

with

Merrill

Lynch

International

Co.,

period

end,

termination

date

February

15,

2028:

Value

Basket

Value

Reference

Entity

—

Long

Common

Stocks

Belgium

Liberty

Global

Ltd.

Class

...

60,802

1,204,488

3,354

United

Kingdom

EnQuest

plc

.............

2,969,582

471,748

1,313

Synthomer

plc

...........

225,140

520,536

1,449

992,284

Schedule

Investments

(unaudited)

(continued)

October

31,

2024

BlackRock

Global

Long/Short

Credit

Fund

Fair

Value

Hierarchy

Period

End

Various

inputs

are

used

determining

the

fair

value

financial

instruments

the

measurement

date.

These

inputs

valuation

techniques

are

categorized

into

fair

value

hierarchy

consisting

three

broad

levels

for

financial

reporting

purposes

follows:

Level

—

Unadjusted

price

quotations

active

markets/exchanges

that

the

Fund

has

the

ability

access

for

identical

assets

liabilities;

Level

—

Inputs

other

than

quoted

prices

included

within

level

that

are

observable

for

the

asset

liability,

either

directly

indirectly;

and

Level

—

Inputs

that

are

unobservable

and

significant

to the

entire

fair

value

measurement

for

the asset

liability (including

the

Valuation

Committee's

assumptions

used

determining

the

fair

value

financial

instruments).

The

hierarchy

gives

the

highest

priority

unadjusted

quoted

prices

active

markets

for

identical

assets

liabilities

(Level

measurements)

and

the

lowest

priority

unobservable

inputs

(Level

measurements).

Accordingly,

the

degree

judgment

exercised

determining

fair

value

greatest

for

instruments

categorized

Level

The

inputs

used

measure

fair

value

may

fall

into

different

levels

the

fair

value

hierarchy.

such

cases,

for

disclosure

purposes,

the

fair

value

hierarchy

classification

determined

based

the

lowest

level

input

that

significant

the

fair

value

measurement

its

entirety.

Investments

classified

within

Level

have

significant

unobservable

inputs

used

the

Valuation

Committee

determining

the

price

for

Fair

Valued

Investments.

Level

investments

include

equity

debt

issued

privately

held

companies

funds.

There

may

not

secondary

market,

and/

there

are

limited

number

investors.

The

categorization

value

determined

for

financial

instruments

based

the

pricing

transparency

the

financial

instruments

and

not

necessarily

indication

the

risks

associated

with

investing

those

securities.

For

information

about

the

Fund’s

policy

regarding

valuation

financial

instruments,

refer

its

most

recent

financial

statements.

The

following

table

summarizes

the

Fund’s

financial

instruments

categorized

the

fair

value

hierarchy.

The

breakdown

the

Fund's

financial

instruments

into

major

BlackRock Funds IV NPORT-PBlackRock Global Long/Short Credit Fund (Oct 2024 report)